Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2017 | Feb. 22, 2018 | Jun. 30, 2017 | |
Document 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 | NBHC | ||
Entity Registrant Name | National Bank Holdings Corp | ||
Entity Central Index Key | 1,475,841 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 30,312,222 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Public Float | $ 866,000,000 |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and due from banks | $ 193,297 | $ 152,736 |
Interest bearing bank deposits | 64,067 | |
Cash and cash equivalents | 257,364 | 152,736 |
Investment securities available-for-sale (at fair value) | 855,345 | 884,232 |
Investment securities held-to-maturity (at amortized cost) | 258,730 | 332,505 |
Non-marketable securities | 15,030 | 14,949 |
Loans | 3,178,947 | 2,860,921 |
Allowance for loan losses | (31,264) | (29,174) |
Loans, net | 3,147,683 | 2,831,747 |
Loans held for sale | 4,629 | 24,187 |
Other real estate owned | 10,491 | 15,662 |
Premises and equipment, net | 93,708 | 95,671 |
Goodwill | 59,630 | 59,630 |
Intangible assets, net | 1,607 | 6,949 |
Other assets | 139,248 | 154,778 |
Total assets | 4,843,465 | 4,573,046 |
Liabilities: | ||
Non-interest bearing demand deposits | 902,439 | 846,744 |
Interest bearing demand deposits | 474,607 | 427,538 |
Savings and money market | 1,484,463 | 1,422,321 |
Time deposits | 1,118,050 | 1,172,046 |
Total deposits | 3,979,559 | 3,868,649 |
Securities sold under agreements to repurchase | 130,463 | 92,011 |
Federal Home Loan Bank advances | 129,115 | 38,665 |
Other liabilities | 71,921 | 37,532 |
Total liabilities | 4,311,058 | 4,036,857 |
Shareholders' equity: | ||
Common stock | 515 | 514 |
Additional paid in capital | 970,668 | 984,087 |
Retained earnings | 60,795 | 55,454 |
Treasury stock at cost | (493,329) | (502,104) |
Accumulated other comprehensive income (loss), net of tax | (6,242) | (1,762) |
Total shareholders' equity | 532,407 | 536,189 |
Total liabilities and shareholders' equity | $ 4,843,465 | $ 4,573,046 |
Consolidated Statements of Fin3
Consolidated Statements of Financial Condition (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Statement of Financial Position [Abstract] | ||
Investment securities held-to-maturity, fair value | $ 256,771 | $ 332,573 |
Common Stock, par value (in dollars per share) | $ 0.01 | |
Common Stock, shares authorized | 400,000,000 | |
Common Stock, shares issued | 51,518,162 | 51,813,011 |
Common Stock, shares outstanding | 26,875,585 | 26,386,583 |
Treasury stock, shares | 24,479,020 | 24,927,157 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Interest and dividend income: | |||
Interest and fees on loans | $ 137,249 | $ 129,317 | $ 131,253 |
Interest and dividends on investment securities | 24,841 | 29,665 | 38,145 |
Dividends on non-marketable securities | 839 | 748 | 1,210 |
Interest on interest-bearing bank deposits | 1,492 | 718 | 799 |
Total interest and dividend income | 164,421 | 160,448 | 171,407 |
Interest expense: | |||
Interest on deposits | 16,172 | 13,963 | 13,609 |
Interest on borrowings | 1,943 | 845 | 853 |
Total interest expense | 18,115 | 14,808 | 14,462 |
Net interest income before provision for loan losses | 146,306 | 145,640 | 156,945 |
Provision for loan losses | 12,972 | 23,651 | 12,444 |
Net interest income after provision for loan losses | 133,334 | 121,989 | 144,501 |
Non-interest income: | |||
Service charges | 14,634 | 13,900 | 14,798 |
Bank card fees | 12,026 | 11,429 | 10,898 |
Gain on sale of mortgages, net | 2,154 | 2,881 | 1,963 |
Bank-owned life insurance income | 1,871 | 1,861 | 1,614 |
Other non-interest income | 8,082 | 7,708 | 4,301 |
OREO related income | 438 | 2,248 | 2,379 |
Bargain purchase gain | 1,048 | ||
FDIC loss-sharing related | (15,553) | ||
Total non-interest income | 39,205 | 40,027 | 21,448 |
Non-interest expense: | |||
Salaries and benefits | 80,188 | 79,765 | 83,018 |
Occupancy and equipment | 20,994 | 22,904 | 24,490 |
Telecommunications and data processing | 7,188 | 5,970 | 11,507 |
Marketing and business development | 2,683 | 2,564 | 4,325 |
FDIC deposit insurance | 2,762 | 3,236 | 3,922 |
Bank card expenses | 3,986 | 4,440 | 3,701 |
Professional fees | 3,330 | 3,496 | 4,495 |
Other non-interest expense | 10,360 | 8,554 | 11,107 |
Problem asset workout | 3,994 | 3,983 | 7,317 |
Gain on OREO sales, net | (4,150) | (4,383) | (2,776) |
Intangible asset amortization | 5,342 | 5,480 | 5,401 |
Loss (gain) from the change in fair value of warrant liability | 106 | ||
Banking center consolidation related expenses | 1,411 | ||
Total non-interest expense | 136,677 | 136,009 | 158,024 |
Income before income taxes | 35,862 | 26,007 | 7,925 |
Income tax expense | 21,283 | 2,947 | 3,044 |
Net income | $ 14,579 | $ 23,060 | $ 4,881 |
Income per share-basic (in dollars per share) | $ 0.54 | $ 0.81 | $ 0.14 |
Income per share-diluted (in dollars per share) | $ 0.53 | $ 0.79 | $ 0.14 |
Weighted average number of common shares outstanding: | |||
Basic (Shares) | 26,928,763 | 28,313,061 | 34,349,996 |
Diluted (Shares) | 27,709,659 | 29,091,343 | 34,363,487 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Statement of Comprehensive Income [Abstract] | |||
Net income | $ 14,579 | $ 23,060 | $ 4,881 |
Securities available-for-sale: | |||
Net unrealized gains (losses) arising during the period, net of tax | (3,128) | 42 | (3,275) |
Less: amortization of net unrealized holding gains to income, net of tax | (1,352) | (1,899) | (2,469) |
Other comprehensive income (loss) | (4,480) | (1,857) | (5,744) |
Comprehensive income (loss) | $ 10,099 | $ 21,203 | $ (863) |
Consolidated Statements of Com6
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parenthetical) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Statement of Comprehensive Income [Abstract] | |||
Tax (expense) benefit on net unrealized gains arising during the period | $ 1,871 | $ (26) | $ 2,015 |
Tax (expense) benefit of amortization of net unrealized holding gains to income | $ 828 | $ 1,166 | $ 1,523 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands | Common stock [Member] | Additional paid-in capital [Member] | Retained earnings [Member] | Treasury stock [Member] | Accumulated other comprehensive income (loss), net [Member] | Total |
Balance in the beginning at Dec. 31, 2014 | $ 512 | $ 993,212 | $ 40,528 | $ (245,516) | $ 5,839 | $ 794,575 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 4,881 | 4,881 | ||||
Stock-based compensation | 3,349 | 3,349 | ||||
Issuance under purchase and equity compensation plans, including (gain) loss on reissuance of treasury stock | 1 | (1,701) | 904 | (796) | ||
Repurchase of shares | (175,048) | (175,048) | ||||
Cash dividends declared | (6,739) | (6,739) | ||||
Warrant reclassification | 3,066 | 3,066 | ||||
Other comprehensive income (loss) | (5,744) | (5,744) | ||||
Balance in the ending at Dec. 31, 2015 | 513 | 997,926 | 38,670 | (419,660) | 95 | 617,544 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 23,060 | 23,060 | ||||
Stock-based compensation | 3,492 | 3,492 | ||||
Issuance under purchase and equity compensation plans, including (gain) loss on reissuance of treasury stock | 1 | (13,790) | 7,588 | (6,201) | ||
Repurchase of shares | (93,573) | (93,573) | ||||
Cash dividends declared | (6,276) | (6,276) | ||||
Warrant exercise | (3,541) | 3,541 | ||||
Other comprehensive income (loss) | (1,857) | (1,857) | ||||
Balance in the ending at Dec. 31, 2016 | 514 | 984,087 | 55,454 | (502,104) | (1,762) | 536,189 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 14,579 | 14,579 | ||||
Stock-based compensation | 3,648 | 3,648 | ||||
Issuance under purchase and equity compensation plans, including (gain) loss on reissuance of treasury stock | 1 | (15,134) | 6,842 | (8,291) | ||
Cash dividends declared | (9,238) | (9,238) | ||||
Warrant exercise | (1,933) | 1,933 | ||||
Other comprehensive income (loss) | (4,480) | (4,480) | ||||
Balance in the ending at Dec. 31, 2017 | $ 515 | $ 970,668 | $ 60,795 | $ (493,329) | $ (6,242) | $ 532,407 |
Consolidated Statements of Cha8
Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Statement of Stockholders' Equity [Abstract] | |||
Gain (loss) on reissuance of treasury stock | $ 6,118 | $ 4,396 | $ 96 |
Shares repurchased (shares) | 4,500,936 | 8,645,836 | |
Cash dividends declared per share | $ 0.34 | $ 0.22 | $ 0.2 |
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 | $ 14,579 | $ 23,060 | $ 4,881 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
Provision for loan losses | 12,972 | 23,651 | 12,444 |
Depreciation and amortization | 12,889 | 14,203 | 15,502 |
Current income tax receivable | 1,260 | 4,176 | (7,328) |
Deferred income taxes | 17,180 | (176) | (4,241) |
Net excess tax (benefit) deficit on stock-based compensation | (4,225) | (2,078) | 3,677 |
Discount accretion, net of premium amortization | 2,581 | 3,067 | 4,124 |
Loan Accretion | (23,933) | (35,073) | (50,687) |
Gain on sale of mortgage loans, net | (2,154) | (2,881) | (1,963) |
Origination of loans held for sale, net of repayments | (85,959) | (114,397) | (99,246) |
Proceeds from sales of loans held for sale | 101,935 | 101,098 | 92,845 |
Bank-owned life insurance income | (1,871) | (1,861) | (1,614) |
Amortization of indemnification asset | 15,878 | ||
Gain on the sale of other real estate owned, net | (4,150) | (4,383) | (2,776) |
Impairment on other real estate owned | 766 | 298 | 1,580 |
Impairment on fixed assets related to banking center consolidations | 1,411 | ||
Loss (gain) on sale of fixed assets | (2,853) | (1,981) | (28) |
Bargain purchase gain | (1,048) | ||
Stock-based compensation | 3,648 | 3,492 | 3,349 |
Decrease in due to FDIC, net | (37,138) | ||
(Increase) decrease in other assets | 6,040 | (4,721) | 4,871 |
(Decrease) increase in other liabilities | 9,434 | (9,430) | 7,879 |
Net cash provided by (used in) operating activities | 58,139 | (3,936) | (37,628) |
Cash flows from investing activities: | |||
Purchase of FHLB stock | (7,448) | (5,544) | |
Proceeds from redemption of FHLB stock | 6,877 | 7,670 | 493 |
Proceeds from redemption of FRB stock | 4,964 | 5,320 | |
Proceeds from maturities of investment securities held-to-maturity | 71,105 | 91,376 | 104,683 |
Proceeds from maturities of investment securities available-for-sale | 224,336 | 275,448 | 314,271 |
Proceeds from sales of investment securities available-for-sale | 29,747 | ||
Proceeds from maturities of non-marketable securities | 490 | 490 | |
Purchase of investment securities available-for-sale | (202,694) | (4,872) | |
Purchase of investment securities held-to-maturity | (6,225) | ||
Net increase in loans | (314,008) | (270,585) | (334,798) |
Sales (purchases) of premises and equipment, net | (5,617) | 690 | (5,081) |
Purchase of bank-owned life insurance | (10,344) | ||
Proceeds from sales of loans | 38,087 | 9,231 | 17,204 |
Proceeds from sales of other real estate owned | 10,355 | 16,105 | 15,566 |
Decrease (increase) in FDIC indemnification asset | 18,331 | ||
Net cash activity from acquisitions | 22,832 | ||
Net cash provided by (used in) investing activities | (178,517) | 114,629 | 182,343 |
Cash flows from financing activities: | |||
Net increase (decrease) in deposits | 113,796 | 27,972 | (55,654) |
Increase (decrease) in repurchase agreements | 38,452 | (44,512) | 2,971 |
Advances from FHLB | 263,129 | 218,629 | |
FHLB payoffs | (172,679) | (219,964) | |
Issuance of stock under purchase and equity compensation plans | (8,395) | (6,201) | (952) |
Proceeds from exercise of stock options | 104 | 160 | |
Settlement of warrants | (368) | ||
Payment of dividends | (9,401) | (6,400) | (6,711) |
Repurchase of shares | (93,573) | (175,048) | |
Net cash proivded by (used in) financing activities | 225,006 | (124,049) | (235,602) |
Increase (decrease) in cash and cash equivalents | 104,628 | (13,356) | (90,887) |
Cash and cash equivalents at beginning of the year | 152,736 | 166,092 | 256,979 |
Cash and cash equivalents at end of year | 257,364 | 152,736 | 166,092 |
Supplemental disclosure of cash flow information during the period: | |||
Cash paid for interest | 17,312 | 14,154 | 13,751 |
Net tax (refunds) payments | 127 | 2,193 | (7,420) |
Supplemental schedule of non-cash investing activities: | |||
Loans transferred to other real estate owned at fair value | 1,800 | 6,868 | 4,576 |
Loans purchased but not settled | 25,118 | (4,873) | (102) |
Transfer of Loans Held-for-sale to Portfolio Loans | $ 5,736 | $ 5,285 | $ 218 |
Basis of Presentation
Basis of Presentation | 12 Months Ended |
Dec. 31, 2017 | |
Accounting Policies [Abstract] | |
Basis of Presentation | NATIONAL BANK HOLDINGS CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2017, 2016 and 2015 Note 1 Basis of Presenta National Bank Holdings Corporation ("NBHC" or the "Company") is a bank holding company that was incorporated in the State of Delaware in 2009 with the intent to acquire and operate financial services franchises and other complementary businesses in targeted markets. The Company is headquartered immediately south of Denver, in Greenwood Village, Colorado, and its primary operations are conducted through its wholly owned subsidiary, NBH Bank, (the "Bank"), a Colorado state-chartered bank and a member of the Federal Reserve System. The Company provides a variety of banking products to both commercial and consumer clients through a network of 85 banking centers as of December 31, 2017, located in Colorado and the greater Kansas City region, and through online and mobile banking products and services. The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, NBH Bank. The accompanying consolidated financial statements have been prepared in accordance with GAAP and where applicable, with general practices in the banking industry or guidelines prescribed by bank regulatory agencies. The consolidated financial statements reflect all adjustments which are, in the opinion of management, necessary for a fair statement of the results presented. All such adjustments are of a normal recurring nature. All significant intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications of prior years' amounts are made whenever necessary to conform to current period presentation. All amounts are in thousands, except share data, or as otherwise noted. The Company's significant accounting policies followed in the preparation of the consolidated financial statements are disclosed in note 2. GAAP requires management to make estimates that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosures of contingent assets and liabilities. By their nature, estimates are based on judgment and available information. Management has made significant estimates in certain areas, such as the amount and timing of expected cash flows from assets, the valuation of OREO, the fair value adjustments on assets acquired and liabilities assumed, the valuation of core deposit intangible assets, the valuation of investment securities for other-than-temporary impairment (“OTTI”), the valuation of stock-based compensation, the fair values of financial instruments, the ALL, and contingent liabilities. Because of the inherent uncertainties associated with any estimation process and future changes in market and economic conditions, it is possible that actual results could differ significantly from those estimates. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2017 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Note 2 Summary of Significant Accounting Policies a) Acquisition activities —The Company accounts for business combinations under the acquisition method of accounting. Assets acquired and liabilities assumed are measured and recorded at fair value at the date of acquisition, including identifiable intangible assets. If the fair value of net assets acquired exceeds the fair value of consideration paid, a bargain purchase gain is recognized at the date of acquisition. Conversely, if the consideration paid exceeds the fair value of the net assets acquired, goodwill is recognized at the acquisition date. Fair values are subject to refinement for up to a maximum of one year after the closing date of an acquisition as information relative to closing date fair values becomes available. Adjustments recorded to the acquired assets and liabilities assumed are applied prospectively in accordance with Accounting Standards Codification (“ASC”) 805, Business Combinations . The determination of the fair value of loans acquired takes into account credit quality deterioration and probability of loss; therefore, the related ALL is not carried forward at the time of acquisition. Identifiable intangible assets are recognized separately if they arise from contractual or other legal rights or if they are separable (i.e., capable of being sold, transferred, licensed, rented, or exchanged separately from the entity). Deposit liabilities and the related depositor relationship intangible assets, known as the core deposit intangible assets, may be exchanged in observable exchange transactions. As a result, the core deposit intangible asset is considered identifiable, because the separability criterion has been met. b) Cash and cash equivalents —Cash and cash equivalents include cash, cash items, amounts due from other banks, amounts due from the Federal Reserve Bank of Kansas City, federal funds sold, and interest-bearing bank deposits and segregated cash held for the acquisition of Peoples, Inc. Refer to note 24 – Subsequent Events of our consolidated financial statements for additional details related to the acquisition. c) Investment securities —Investment securities may be classified in three categories: trading, available-for-sale or held-to-maturity. Management determines the appropriate classification at the time of purchase and reevaluates the classification at each reporting period. Any sales of available-for-sale securities are for the purpose of executing the Company’s asset/liability management strategy, reducing borrowings, funding loan growth, providing liquidity, or eliminating a perceived credit risk in a specific security. Held-to-maturity securities are carried at amortized cost and the available-for-sale securities are carried at estimated fair value. Unrealized gains or losses on securities available-for-sale are reported as accumulated other comprehensive income (loss) (“AOCI”), a component of shareholders’ equity, net of income tax. Gains and losses realized upon sales of securities are calculated using the specific identification method. Premiums and discounts are amortized to interest income over the estimated lives of the securities. Prepayment experience is periodically evaluated and a determination made regarding the appropriate estimate of the future rates of prepayment. When a change in a bond’s estimated remaining life is necessary, a corresponding adjustment is made in the related premium amortization or discount accretion. Purchases and sales of securities, including any corresponding gains or losses, are recognized on a trade-date basis and a receivable or payable is recognized for pending transaction settlements. Management evaluates all investments for OTTI on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. Impairment is considered to be other-than-temporary if it is likely that all amounts contractually due will not be received for debt securities and when there is no positive evidence indicating that an investment’s carrying amount is recoverable in the near term for equity securities. When impairment is considered other-than-temporary, the cost basis of the security is written down to fair value, with the impairment charge related to credit included in earnings, while the impairment charge related to all other factors is recognized in OCI. If the Company has the intent to sell the security or it is more likely than not that the Company will be required to sell the security, the entire amount of the OTTI is recorded in earnings. In evaluating whether the impairment is temporary or other than temporary, the Company considers, among other things, the severity and duration of the unrealized loss position; adverse conditions specifically related to the security; changes in expected future cash flows; downgrades in the rating of the security by a rating agency; the failure of the issuer to make scheduled interest or principal payments; whether the Company has the intent to sell the security; and whether it is more likely than not that the Company will be required to sell the security. d) Non-marketable securities —Non-marketable securities include Federal Reserve Bank ("FRB") stock and Federal Home Loan Bank ("FHLB") stock. These securities have been acquired for debt facility or regulatory purposes and are carried at cost. e) Loans receivable— Loans receivable include loans originated by the Company and loans that are acquired through acquisitions. Loans originated by the Company are carried at the principal amount outstanding, net of premiums, discounts, unearned income, and deferred loan fees and costs. Loan fees and certain costs of originating loans are deferred and the net amount is amortized over the contractual life of the related loans. Acquired loans are initially recorded at fair value and are accounted for under either ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality (see additional information below) or ASC Topic 310, Receivables . Non-refundable loan origination and commitment fees, net of direct costs of originating or acquiring loans, and fair value adjustments for acquired loans, are deferred and recognized over the remaining lives of the related loans in accordance with ASC 310-20. Acquired loans are recorded at their estimated fair value at the time of acquisition and accounted for under either ASC 310-30 or ASC 310. Estimated fair values of acquired loans are based on a discounted cash flow methodology that considers various factors including the type of loan and related collateral, the expected timing of cash flows, classification status, fixed or variable interest rate, term of loan and whether or not the loan is amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. Acquired 310-30 loans are grouped together according to similar characteristics such as type of loan, loan purpose, geography, risk rating and underlying collateral and are treated as distinct pools when applying various valuation techniques and, in certain circumstances, for the ongoing monitoring of the credit quality and performance of the pools. Each pool is accounted for as a single loan for which the integrity is maintained throughout the life of the asset. Discounts created when the loans are recorded at their estimated fair values at acquisition are accreted over the remaining term of the loan as an adjustment to the related loan’s yield. Similar to originated loans described below, the accrual of interest income on acquired loans that are not accounted for under ASC 310-30 is discontinued when the collection of principal or interest, in whole or in part, is doubtful. Interest income on acquired loans that are accounted for under ASC Topic 310 and interest income on loans originated by the Company is accrued and credited to income as it is earned using the interest method based on daily balances of the principal amount outstanding. However, interest is generally not accrued on loans 90 days or more past due, unless they are well secured and in the process of collection. Additionally, in certain situations, loans that are not contractually past due may be placed on non-accrual status due to the continued failure to adhere to contractual payment terms by the borrower coupled with other pertinent factors, such as insufficient collateral value or deficient primary and secondary sources of repayment. Accrued interest receivable is reversed when a loan is placed on non-accrual status and payments received generally reduce the carrying value of the loan. Interest is not accrued while a loan is on non-accrual status and interest income is generally recognized on a cash basis only after payment in full of the past due principal and collection of principal outstanding is reasonably assured. A loan may be placed back on accrual status if all contractual payments have been received, or sooner under certain conditions and collection of future principal and interest payments is no longer doubtful. In the event of borrower default, the Company may seek recovery in compliance with state lending laws, the respective loan agreements, and credit monitoring and remediation procedures that may include modifying or restructuring a loan from its original terms, for economic or legal reasons, to provide a concession to the borrower from their original terms due to borrower financial difficulties in order to facilitate repayment. Such restructured loans are considered “troubled debt restructurings” and are identified in accordance with ASC 310-40, Troubled Debt Restructurings by Creditors . Under this guidance, modifications to loans that fall within the scope of ASC 310-30 are not considered troubled debt restructurings, regardless of otherwise meeting the definition of a troubled debt restructuring. Loans receivable accounted for under ASC 310-30 The Company accounts for and evaluates acquired loans in accordance with the provisions of ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality . When loans exhibit evidence of credit deterioration since origination and it is probable at the date of acquisition that the Company will not collect all principal and interest payments in accordance with the terms of the loan agreement, the expected shortfall in future cash flows, as compared to the contractual amount due, is recognized as a non-accretable difference. Any excess of expected cash flows over the acquisition date fair value is known as the accretable yield, and is recognized as accretion income over the life of each pool. Contractual fees not expected to be collected are not included in ASC 310-30 contractual cash flows. Should fees be subsequently collected, the cash flows are accounted for as non 310-30 fee income in the period they are received. Loans that are accounted for under ASC 310-30 that meet the criteria for non-accrual of interest or are accounted for on the cost recovery method at the time of acquisition or subsequent to acquisition, may be considered performing, regardless of whether the client is contractually delinquent, if the timing and expected cash flows on the loan pool in which the loan is included can be otherwise reasonably estimated and if collection of the new carrying value of such pool is expected. The expected cash flows of individual loans accounted for under ASC 310-30 are periodically remeasured utilizing the same cash flow methodology used at the time of acquisition and subsequent decreases to the expected cash flows will generally result in a provision for loan losses charge in the Company’s consolidated statements of operations. Any increases to the loan cash flow projections are recognized within the loan’s respective loan pools on a prospective basis through an increase to the pool’s accretion income over its remaining life once any previously recorded provision expense has been reversed. These cash flow evaluations are inherently subjective as they require material estimates, all of which may be susceptible to significant change. f) Loans held for sale— The Company has elected to record loans originated and intended for sale in the secondary market at estimated fair value. The Company estimates fair value based on quoted market prices for similar loans in the secondary market. Gains or losses are recognized upon sale and are included as a component of gain on sale of mortgages, net in the consolidated statements of operations. Loans held for sale have primarily been fixed rate single-family residential mortgage loans under contract to be sold in the secondary market. In most cases, loans in this category are sold within 45 days. These loans are generally sold with the mortgage servicing rights released. Under limited circumstances, buyers may have recourse to return a purchased loan to the Company. Recourse conditions may include early payoff, early payment default, breach of representations or warranties, or documentation deficiencies. The Company enters into commitments to originate residential mortgage loans whereby the interest rate on the loan is determined prior to funding (i.e. interest rate lock commitments). Such interest rate lock commitments on mortgage loans to be sold in the secondary market are considered to be derivatives. To protect against the price risk inherent in residential mortgage loan commitments, the Company utilizes both "best efforts" and "mandatory delivery" forward loan sale commitments to mitigate the risk of potential increases or decreases in the values of loans that would result from the change in market rates for such loans. The Company manages the interest rate risk on interest rate lock commitments by entering into forward sale contracts of mortgage backed securities. Such contracts are accounted for as derivatives and are recorded at fair value as derivative assets or liabilities. They are carried on the consolidated statements of financial condition within other assets or other liabilities and changes in fair value are recorded as a component of gain on sale of mortgages, net in the consolidated statements of operations. The gross gains on loan sales are recognized based on new loan commitments with adjustment for price and pair-off activity. Commission expenses on loans held for sale are recognized based on loans closed. g) Allowance for loan losses —The allowance for loan losses represents management’s estimate of probable credit losses inherent in loans, including acquired loans to the extent necessary, as of the balance sheet date. The determination of the ALL takes into consideration, among other matters, the estimated fair value of the underlying collateral, economic conditions, historical net loan losses, the estimated loss emergence period, estimated default rates, any declines in cash flow assumptions from acquisition, loan structures, growth factors and other elements that warrant recognition. In addition, various regulatory agencies, as an integral part of the examination process, periodically review the ALL. Such agencies may require the Company to recognize additions to the ALL or increases to adversely graded classified loans based on their judgments about information available to them at the time of their examinations. The Company uses an internal risk rating system to indicate credit quality in the loan portfolio. The risk rating system is applied to all loans and uses a series of grades, which reflect management’s assessment of the risk attributable to loans based on an analysis of the borrower’s financial condition and ability to meet contractual debt service requirements. Loans that management perceives to have acceptable risk are categorized as “Pass” loans. The “Special Mention” loans represent loans that have potential credit weaknesses that deserve management’s close attention. Special mention loans include borrowers that have potential weaknesses or unwarranted risks that, unless corrected, may threaten the borrower’s ability to meet debt requirements. However, these borrowers are still believed to have the ability to respond to and resolve the financial issues that threaten their financial situation. Loans classified as “Substandard” are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans have a distinct possibility of loss if the deficiencies are not corrected. “Doubtful” loans are loans that management believes the collection of payments in accordance with the terms of the loan agreement is highly questionable and improbable. Loans accounted for under ASC 310-30, despite being 90 days or more past due or internally adversely classified, may be classified as performing upon and subsequent to acquisition, regardless of whether the client is contractually delinquent, if the timing and expected cash flows on the loan pool can be reasonably estimated and if collection of the carrying value of the loan pool loans is reasonably expected. Interest accrual is discontinued on doubtful loans and certain substandard loans that are excluded from ASC 310-30, as is more fully discussed in note 7. The Company routinely evaluates adversely risk-rated credits for impairment. Impairment, if any, is typically measured for each loan based on a thorough analysis of the most probable source of repayment, including the present value of the loan’s expected future cash flows, the loan’s estimated fair value, or the estimated fair value of the underlying collateral less costs of disposition for collateral dependent loans. General allowances are established for loans with similar characteristics. In this process, general allowance factors are based on an analysis of historical loss and recovery experience, if any, related to originated and acquired loans, as well as certain industry experience, with adjustments made for qualitative or environmental factors that are likely to cause estimated credit losses to differ from historical experience. To the extent that the data supporting such factors has limitations, management’s judgment and experience play a key role in determining the allowance estimates. Additions to the ALL are made by provisions for loan losses that are charged to operations. The allowance is decreased by charge-offs due to losses and is increased by provisions for loan losses and recoveries. When it is determined that specific loans, or portions thereof, are uncollectible, these amounts are charged off against the ALL. If repayment of the loan is collateral dependent, the fair value of the collateral, less cost to sell, is used to determine charge-off amounts. The Company maintains an ALL for loans accounted for under ASC 310-30 as a result of impairment to loan pools arising from the periodic re-measurement of these loans. Any impairment in the individual pool is generally recognized in the current period as provision for loan losses. Any improvement in the estimated cash flows, is generally not recognized immediately, but is instead reflected as an adjustment to the related loan pools yield on a prospective basis once any previously recorded impairment has been recaptured. h) Premises and equipment —With the exception of premises and equipment acquired through business combinations, which are initially measured and recorded at fair value, purchased land is stated at cost, and buildings and equipment are carried at cost, including capitalized interest when appropriate, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful life of the asset. The Company generally assigns depreciable lives of 39 years for buildings, 7 to 15 years for building improvements, and 3 to 7 years for equipment. Leasehold improvements are amortized over the shorter of their estimated useful lives or remaining lease terms. Maintenance and repairs are charged to non-interest expense as incurred. The Company reviews premises and equipment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. An impairment loss is recognized when the sum of the undiscounted future net cash flows expected to result from the use of the asset and its eventual disposal is less than its carrying amount. In the case of a property that is subject to an operating lease that the Company no longer expects to use, a liability is recorded at the cease-use date equal to the remaining lease rentals, adjusted for the effects of any prepaid or deferred items recognized under the lease, and reduced by estimated sublease rentals that could be reasonably obtained for the property, even if the entity does not intend to enter into a sublease. A ratable portion of the sublease allocation is then expensed until the property is subleased. Property and equipment that meet the held-for-sale criteria is recorded at the lower of its carrying amount or fair value less cost to sell and depreciation is ceased. i) Goodwill and intangible assets —Goodwill is established and recorded if the consideration given during an acquisition transaction exceeds the fair value of the net assets received. Goodwill has an indefinite useful life and is not amortized, but is evaluated annually for potential impairment, or when events or circumstances indicate that it is more likely than not that the fair value of the reporting unit is less than its carrying amount. Such events or circumstances may include deterioration in general economic conditions, deterioration in industry or market conditions, an increased competitive environment, a decline in market-dependent multiples or metrics, declining financial performance, entity-specific events or circumstances or a sustained decrease in share price (either in absolute terms or relative to peers). If the Company determines, based upon the qualitative assessment, that it is more likely than not that the fair value of the reporting unit is greater than the carrying amount no additional procedures are performed; however, if the Company determines that it is more likely than not that the fair value of the reporting unit is less than the carrying amount the Company will compare the fair value of the reporting unit to its carrying amount. Any excess of the carrying amount over fair value would indicate a potential impairment and the Company would proceed to perform an additional test to determine whether goodwill has been impaired and calculate the amount of that impairment. Intangible assets that have finite useful lives, such as core deposit intangibles, are amortized over their estimated useful lives. The Company’s core deposit intangible assets represent the value of the anticipated future cost savings that will result from the acquired core deposit relationships versus an alternative source of funding. Judgment may be used in assessing goodwill and intangible assets for impairment. Estimates of fair value are based on projections of revenues, operating costs and cash flows of the reporting unit considering historical and anticipated future results, general economic and market conditions, as well as the impact of planned business or operational strategies. The valuations use a combination of present value techniques to measure fair value considering market factors. Additionally, judgment is used in determining the useful lives of finite-lived intangible assets. Adverse changes in the economic environment, operations of the reporting unit, or changes in judgments and projections could result in a significantly different estimate of the fair value of the reporting unit and could result in an impairment of goodwill and/or intangible assets. j) Other real estate owned —OREO consists of property that has been foreclosed on or repossessed by deed in lieu of foreclosure. The assets are initially recorded at the fair value of the collateral less estimated costs to sell, with any initial valuation adjustments charged to the ALL. Subsequent downward valuation adjustments, if any, in addition to gains and losses realized on sales and net operating expenses, are recorded in non-interest expense, while any subsequent write-ups are recorded in non-interest income. Costs associated with maintaining property, such as utilities and maintenance, are charged to expense in the period in which they occur, while costs relating to the development and improvement of property are capitalized to the extent the balance does not exceed fair value. All OREO acquired through acquisition is recorded at fair value, less cost to sell, at the date of acquisition. k) Bank-owned life insurance —The Company purchased or acquired bank-owned life insurance ("BOLI") policies on certain associates of the Company. The Company is the owner and beneficiary of these policies. The BOLI is carried at net realizable value with changes in net realizable value recorded in non-interest income. l) Securities purchased under agreements to resell and securities sold under agreements to repurchase —The Company periodically enters into purchases or sales of securities under agreements to resell or repurchase as of a specified future date. The securities purchased under agreements to resell are accounted for as collateralized financing transactions and are reflected as an asset in the consolidated statements of financial condition. The securities pledged by the counterparties are held by a third party custodian and valued daily. The Company may require additional collateral to ensure full collateralization for these transactions. The repurchase agreements are considered financing agreements and the obligation to repurchase assets sold is reflected as a liability in the consolidated statements of financial condition of the Company. The repurchase agreements are collateralized by debt securities that are under the control of the Company. m) Stock-based compensation —The Company accounts for stock-based compensation in accordance with ASC Topic 718, Compensation—Stock Compensation as amended by ASU 2016-09, Improvements to Employee Share-Based Payment Accounting . The Company grants stock-based awards including stock options, restricted stock and performance stock units. Stock option grants are for a fixed number of common shares and are issued at exercise prices which are not less than the fair value of a share of stock at the date of grant. The options vest over a time period stated in each option agreement and may be subject to other performance vesting conditions, which require the related compensation expense to be recorded ratably over the requisite service period starting when such conditions become probable. Restricted stock is granted for a fixed number of shares, the transferability of which is restricted until such shares become vested according to the terms in the award agreement. Restricted shares may have multiple vesting qualifications, which can include time vesting of a set portion of the restricted shares and performance criterion, such as market criteria that are tied to specified market conditions of the Company’s common stock price and performance targets tied to the Company’s earnings per share. The fair value of stock options is measured using a Black-Scholes model. The fair value of time-based restricted stock awards and performance stock units with performance based vesting criteria is based on the Company’s stock price on the date of grant. The fair value of performance stock units with market based vesting criteria is measured using a Monte Carlo simulation model. Compensation expense for the portion of the awards that contain performance and service vesting conditions is recognized over the requisite service period based on the fair value of the awards on the grant date. Compensation expense for the portion of the awards that contain a market vesting condition is recognized over the derived service period based on the fair value of the awards on the grant date. The amortization of stock-based compensation reflects any estimated forfeitures, and the expense realized in subsequent periods may be adjusted to reflect the actual forfeitures realized. The outstanding stock options primarily carry a maximum contractual term of ten years. To the extent that any award is forfeited, surrendered, terminated, expires, or lapses without being vested or exercised, the shares of stock subject to such award not delivered as a result thereof are again made available for awards under the Plan. The Company accounts for all excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) to be recognized in the consolidated statements of operations as a component of income tax expense or benefit and are classified as an operating activity within the Company’s consolidated statements of cash flows. The tax effects of exercised, expired or vested awards are treated as discrete items in the reporting period in which they occur and may result in increased volatility in our effective tax rate. Cash paid by the Company when directly withholding shares for tax withholding purposes is classified as a financing activity in the consolidated statements of cash flows. Prior to the Company’s adoption of ASU 2016-09 during 2016, excess tax benefits were recognized in additional paid-in capital and tax deficiencies were recognized either as an offset to accumulated excess tax benefits, if any, or in the consolidated statements of operations. Excess tax benefits were not recognized until the deduction reduced taxes payable. n) Warrants —The Company issued warrants to certain lead investors in 2009 and 2010. During 2015, the outstanding warrant contracts were modified and recorded at fair value as of the modification date using a Black-Scholes model with the change in fair value reported in the statement of operations as non-interest expense. The awards were classified as equity in the Company’s consolidated statements of financial condition. Prior to the modification, the exercise price and the number of warrants were subject to certain down-round provisions, whereby certain subsequent equity issuances at a price below the existing exercise price would result in a downward adjustment to the exercise price and an increase in the number of warrants, and as a result, the warrants were historically classified as a liability in the Company’s consolidated statements of financial condition with changes in the fair value each period reported in the statements of operations as non-interest expense. During the first quarter of 2017, the remaining issued warrants were exercised in a non-cash transaction. Refer to the consolidated statements of changes in shareholders’ equity for additional details. o) Income taxes —The Company and its subsidiaries file U.S. federal and certain state income tax returns on a consolidated basis. Additionally, the Company and its subsidiaries file separate state income tax returns with various state jurisdictions. The provision for income taxes includes the income tax balances of the Company and all of its subsidiaries. Deferred tax assets and liabilities are recognized for temporary differences between the financial reporting basis and the tax basis of the Company’s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled. Deferred tax assets and liabilities are adjusted for the effects of changes in tax rates in the period of change. The Company establishes a valuation allowance when management believes, based on the weight of available evidence, it is more likely than not that some portion of the deferred tax assets will not be realized. The Company recognizes and measures income tax benefits based upon a two-step model: 1) a tax position must be more likely than not to be sustained based solely on its technical merits in order to be recognized; and 2) the benefit is measured as the largest dollar amount of that position that is more likely than not to be sustained upon settlement. The difference between the benefit recognized for a position in this model and the tax benefit claimed on a tax return is treated as an unrecognized tax benefit. The Company recognizes income tax related interest and penalties in other non-interest expense. p) Income per share —The Company applies the two-class method of computing income per share as certain of the Company's restricted shares are entitled to non-forfeitable dividends and are therefore considered to be a class of participating securities. The two-class method allocates income according to dividends declared and participation rights in undistributed inc |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 12 Months Ended |
Dec. 31, 2017 | |
Text Block [Abstract] | |
Recent Accounting Pronouncements | Note 3 Recent Accounting Pronouncements Revenue from Contracts with Customers —In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers . This update supersedes revenue recognition requirements in ASC Topic 605, Revenue Recognition , including most industry-specific revenue recognition guidance in the FASB Accounting Standards Codification. The new guidance stipulates that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides specific steps that entities should apply in order to achieve this principle. The amendments are effective for interim and annual periods beginning after December 15, 2017, with early application permitted for interim and annual periods beginning after December 15, 2016. ASU No. 2014-09 allows for either full retrospective or modified retrospective adoption. The new guidance does not apply to revenue associated with financial assets and liabilities including loans, leases, securities, and derivatives that are accounted for under other GAAP. Accordingly, the majority of the Company’s revenues will not be affected. The Company has completed its review of revenue streams and contracts with customers and has determined certain service charges, bank card fees and real estate sales are within the scope of the ASU, but has not identified changes to the timing or amount of revenue recognition. The Company adopted ASU No. 2014-09 on January 1, 2018 utilizing the modified retrospective approach. Accounting policies and procedures did not change materially since the principals of revenue recognition from the ASU are largely consistent with existing guidance and current practices applied by the Company. The Company continues to assess the expanded revenue disclosure requirements under the new standard. Leases —In February 2016, the FASB issued ASU 2016-02, Leases. The guidance in ASU 2016-02 supersedes the lease recognition requirements in ASC Topic 840, Leases . The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statements. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, with early adoption permitted. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. Early adoption of the amendments in the update is permitted. The Company expects to adopt ASU 2016-02 in the first quarter of 2019 and is currently in the process of evaluating the impact of the ASU's adoption on the Company's consolidated financial statements . Financial Instruments - Credit Losses —In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments . This update replaces the current incurred loss methodology for recognizing credit losses with a current expected credit loss model, which requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This amendment broadens the information that an entity must consider in developing its expected credit loss estimates. Additionally, the update amends the accounting for credit losses for available-for-sale debt securities and purchased financial assets with a more-than-insignificant amount of credit deterioration since origination. This update requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of a company’s loan portfolio. The amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption in fiscal years beginning after December 15, 2018 is permitted. The amendment requires the use of the modified retrospective approach for adoption. The Company is in the process of evaluating the impact of the ASU’s adoption on the Company’s consolidated financial statements. Statement of Cash Flows – Restricted Cash —In November 2016, the FASB issued ASU 2016-18, Restricted Cash (a consensus of the FASB Emerging Issues Task Force) , which addresses classification and presentation of changes in restricted cash on the statement of cash flows. The standard requires an entity’s reconciliation of the beginning-of-period and end-of-period total amounts shown on the statement of cash flows to include in cash and cash equivalents amounts general described as restricted cash and restricted cash equivalents. The ASU does not define restricted cash or restricted cash equivalents, but an entity will need to disclose the nature of the restrictions. The ASU is effective for public business entities for annual and interim periods in fiscal years beginning after December 15, 2017. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. Entities should apply this ASU using a retrospective transition method to each period presented. The Company adopted ASU 2016-18 on January 1, 2018 with no material impact to the consolidated financial statements. Derivatives and Hedging - Targeted Improvements to Accounting for Hedging Activities —In August 2017, the FASB issued ASU 2017-12 , Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities. The purpose of this updated guidance is to better align a company’s financial reporting for hedging activities with the economic objectives of those activities. ASU 2017-12 is effective for public business entities for annual and interim periods in fiscal years beginning after December 15, 2018. Early adoption is permitted, including in an interim period. ASU 2017-12 requires a modified retrospective transition method in which the Company will recognize the cumulative effect of the change on the opening balance of each affected component of equity in the consolidated statements of financial condition as of the date of adoption. The Company is in the process of evaluating the impact of the ASU’s adoption on the Company’s consolidated financial statements; however, the impact is not expected to be material. Reclassification of Certain Tax Effects —In February 2018, the FASB issued ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This update allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The amendments eliminate the stranded tax effects that were created as a result of the reduction of historical U.S. federal corporate income tax rate to the newly enacted U.S. federal corporate income tax rate. The update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, with early adoption permitted, and is to be applied either in the period of adoption or retrospectively to each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The Company early adopted ASU 2018-02 in the first quarter of 2018, resulting in a $1.5 million reclassification from accumulated other comprehensive income to retained earnings on the consolidated statement of financial condition and the consolidated statement of changes in shareholders’ equity. The Company reviewed ASU 2016-01, Financial Instruments - Recognition and Measurement of Financial Assets and Financial Liabilities (Topic 825), ASU 2016-15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payment s and ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment and ASU 2017-05, Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20) and does not expect the adoption of these pronouncements to have a material impact on its financial statements. |
Investment Securities
Investment Securities | 12 Months Ended |
Dec. 31, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment Securities | Note 4 Investment Securities The Company’s investment securities portfolio is comprised of available-for-sale and held-to-maturity investment securities. These investment securities totaled $1.1 billion at December 31, 2017 and included $0.8 billion of available-for-sale securities and $0.3 billion of held-to-maturity securities. At December 31, 2016, investment securities totaled $1.2 billion and included $0.9 billion of available-for-sale securities and $0.3 billion of held-to-maturity securities. Available-for-sale At December 31, 2017 and 2016, the Company held $855.3 million and $884.2 million of available-for-sale investment securities, respectively. Available-for-sale securities are summarized as follows as of the dates indicated: December 31, 2017 Amortized Gross Gross cost unrealized gains unrealized losses Fair value Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ 167,269 $ 2,371 $ (992) $ 168,648 Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises 702,107 351 (17,228) 685,230 Municipal securities 1,054 — (6) 1,048 Other securities 419 — — 419 Total investment securities available-for-sale $ 870,849 $ 2,722 $ (18,226) $ 855,345 December 31, 2016 Amortized Gross Gross cost unrealized gains unrealized losses Fair value Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ 223,781 $ 3,909 $ (530) $ 227,160 Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises 666,616 2,124 (16,001) 652,739 Municipal securities 3,921 — (7) 3,914 Other securities 419 — — 419 Total investment securities available-for-sale $ 894,737 $ 6,033 $ (16,538) $ 884,232 At December 31, 2017 and 2016, mortgage-backed securities represented primarily all of the Company’s available-for-sale investment portfolio and all mortgage-backed securities were backed by government sponsored enterprises (“GSE”) collateral such as Federal Home Loan Mortgage Corporation (“FHLMC”) and Federal National Mortgage Association (“FNMA”), and the government sponsored agency Government National Mortgage Association (“GNMA”). The tables below summarize the available-for-sale securities with unrealized losses as of the dates shown, along with the length of the impairment period: December 31, 2017 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ 62,178 $ (408) $ 36,086 $ (584) $ 98,264 $ (992) Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises 162,346 (830) 412,967 (16,398) 575,313 (17,228) Municipal securities 514 (6) — — 514 (6) Total $ 225,038 $ (1,244) $ 449,053 $ (16,982) $ 674,091 $ (18,226) December 31, 2016 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ 100,898 $ (530) $ — $ — $ 100,898 $ (530) Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises 137,576 (2,976) 385,707 (13,025) 523,283 (16,001) Municipal securities 3,058 (7) — — 3,058 (7) Total $ 241,532 $ (3,513) $ 385,707 $ (13,025) $ 627,239 $ (16,538) The unrealized losses in the Company’s investments portfolio at December 31, 2017 were caused by changes in interest rates. The portfolio included 87 securities, having an aggregate fair value of $674.1 million, which were in an unrealized loss position at December 31, 2017. During the twelve months ended December 31, 2017, the Company recorded $0.2 million of other-than-temporary impairment (OTTI) included in other non-interest expense on the consolidated statements of operations. The OTTI charge was on a single municipal security, with an aggregated fair value of $0.3 million at December 31, 2017. The unrealized losses in the Company’s investment portfolio at December 31, 2016 were caused by changes in interest rates. The portfolio included 61 securities, with an aggregate fair value of $627.2 million, which were in an unrealized loss position at December 31, 2016. Management evaluated all of the available-for-sale securities in an unrealized loss position and concluded no OTTI existed at December 31, 2017 and 2016. The Company has no intention to sell these securities before recovery of their amortized cost and believes it will not be required to sell the securities before the recovery of their amortized cost. Certain securities are pledged as collateral for public deposits, securities sold under agreements to repurchase and to secure borrowing capacity at the Federal Reserve Bank, and Federal Home Loan Bank (“FHLB”), if needed. The fair value of available-for-sale investment securities pledged as collateral totaled $334.6 million and $373.7 million at December 31, 2017 and 2016, respectively. Certain investment securities may also be pledged as collateral for the line of credit at the FHLB; at December 31, 2017 or December 31, 2016, no securities were pledged for this purpose. Mortgage-backed securities do not have a single maturity date and actual maturities may differ from contractual maturities depending on the repayment characteristics and experience of the underlying financial instruments. The estimated weighted average life of the available-for-sale mortgage-backed securities portfolio was 3.4 years and 3.4 years at December 31, 2017 and 2016, respectively. This estimate is based on assumptions and actual results may differ. At December 31, 2017 and 2016, the duration of the total available-for-sale investment portfolio was 3.1 years and 3.2 years, respectively. As of December 31, 2017, municipal securities with an amortized cost and fair value of $0.3 million were due in one year, municipal securities with an amortized cost and fair value of $0.2 million were due after one year through five years, while municipal securities with an amortized cost and fair value of $0.5 million were due after five years through ten years. Other securities of $0.4 million as of December 31, 2017, have no stated contractual maturity date. Held-to-maturity At December 31, 2017 and 2016, the Company held $258.7 million and $332.5 million of held-to-maturity investment securities, respectively. Held-to-maturity investment securities are summarized as follows as of the dates indicated: December 31, 2017 Gross Gross Amortized unrealized unrealized cost gains losses Fair value Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ 204,352 $ 151 $ (455) $ 204,048 Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises 54,378 — (1,655) 52,723 Total investment securities held-to-maturity $ 258,730 $ 151 $ (2,110) $ 256,771 December 31, 2016 Gross Gross Amortized unrealized unrealized cost gains losses Fair value Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ 263,411 $ 1,685 $ (234) $ 264,862 Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises 69,094 16 (1,399) 67,711 Total investment securities held-to-maturity $ 332,505 $ 1,701 $ (1,633) $ 332,573 The tables below summarize the held-to-maturity securities with unrealized losses as of the dates shown, along with the length of the impairment period: December 31, 2017 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ 149,182 $ (220) $ 17,506 $ (235) $ 166,688 $ (455) Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises 6,460 (65) 46,264 (1,590) 52,724 (1,655) Total $ 155,642 $ (285) $ 63,770 $ (1,825) $ 219,412 $ (2,110) December 31, 2016 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ 27,799 $ (234) $ — $ — $ 27,799 $ (234) Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises 26,992 (357) 32,146 (1,042) 59,138 (1,399) Total $ 54,791 $ (591) $ 32,146 $ (1,042) $ 86,937 $ (1,633) The held-to-maturity portfolio included 36 securities, having an aggregate fair value of $219.4 million, which were in an unrealized loss position at December 31, 2017, compared to 15 securities, with a fair value of $86.9 million, at December 31, 2016. Management evaluated all of the held-to-maturity securities in an unrealized loss position and concluded that no OTTI existed at December 31, 2017 or December 31, 2016. The unrealized losses in the Company's investments at December 31, 2017, were caused by changes in interest rates. The Company has no intention to sell these securities before recovery of their amortized cost and believes it will not be required to sell the securities before the recovery of their amortized cost. The carrying value of held-to-maturity investment securities pledged as collateral totaled $142.0 million and $119.2 million at December 31, 2017 and 2016, respectively. Actual maturities of mortgage-backed securities may differ from scheduled maturities depending on the repayment characteristics and experience of the underlying financial instruments. The estimated weighted average expected life of the held-to-maturity mortgage-backed securities portfolio as of December 31, 2017 and 2016 was 3.1 years and 3.5 years, respectively. This estimate is based on assumptions and actual results may differ. The duration of the total held-to-maturity investment portfolio was 2.8 years and 3.2 years as of December 31, 2017 and 2016, respectively. |
Non-marketable Securities
Non-marketable Securities | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Non Marketable Securities Narrative [Abstract] | |
Non-marketable Securities | Note 5 Non-marketable Securities Non-marketable securities include Federal Reserve Bank stock and FHLB stock. At December 31, 2017, the Company held $9.2 million of Federal Reserve Bank stock and $5.8 million of FHLB stock for regulatory or debt facility purposes. At December 31, 2016, the Company held $9.2 million of Federal Reserve Bank stock, $5.2 million of FHLB stock and $0.5 million of non-negotiable certificates of deposit acquired from the Pine River acquisition. These are restricted securities which, lacking a market, are carried at cost. There have been no identified events or changes in circumstances that may have an adverse effect on the investments carried at cost. Management evaluated all of the non-marketable securities and concluded that no OTTI existed at December 31, 2017 or December 31, 2016. |
Loans
Loans | 12 Months Ended |
Dec. 31, 2017 | |
Receivables [Abstract] | |
Loans | Note 6 Loans The loan portfolio is comprised of loans originated by the Company and loans that were acquired in connection with the Company’s acquisitions. The tables below show the loan portfolio composition including carrying value by segment of loans accounted for under ASC 310-30, Receivables—Loans and Debt Securities Acquired with Deteriorated Credit Quality, and loans not accounted for under this guidance, which includes our originated loans, as of the dates shown. The carrying value of loans is net of discounts on loans excluded from ASC 310-30, and fees and costs of $4.3 million and $6.3 million at December 31, 2017 and 2016, respectively. At December 31, 2016, $14.4 million of non 310-30 loans were held-for-sale, most of which were in the residential real estate segment. The sale of these loans was completed in connection with the four banking center divestitures in the second quarter of 2017. December 31, 2017 ASC 310-30 loans Non 310-30 loans Total loans % of total Commercial $ 29,475 $ 1,845,130 $ 1,874,605 Commercial real estate non-owner occupied 77,908 485,141 563,049 Residential real estate 12,759 703,478 716,237 Consumer 481 24,575 25,056 Total $ 120,623 $ 3,058,324 $ 3,178,947 December 31, 2016 ASC 310-30 loans Non 310-30 loans Total loans % of total Commercial $ 39,280 $ 1,521,150 $ 1,560,430 Commercial real estate non-owner occupied 89,150 437,642 526,792 Residential real estate 16,524 728,361 744,885 Consumer 898 27,916 28,814 Total $ 145,852 $ 2,715,069 $ 2,860,921 Delinquency for loans excluded from ASC 310-30 is shown in the following tables at December 31, 2017 and 2016: December 31, 2017 Greater Total Loans > 90 30-59 60-89 than 90 non days past days past days past days past Total past 310-30 due and Non- due due due due Current loans still accruing accrual Loans excluded from ASC 310-30: Commercial: Commercial and industrial $ 554 $ 117 $ 1,389 $ 2,060 $ 1,373,962 $ 1,376,022 $ 150 $ 7,767 Owner occupied commercial real estate 696 — 1,983 2,679 270,074 272,753 — 3,478 Agriculture 585 — 701 1,286 137,609 138,895 — 2,003 Energy — — 1,645 1,645 55,815 57,460 — 1,645 Total commercial 1,835 117 5,718 7,670 1,837,460 1,845,130 150 14,893 Commercial real estate non-owner occupied: Construction — — 179 179 107,502 107,681 — 179 Acquisition/development 1,097 — — 1,097 13,318 14,415 — — Multifamily — — — — 26,947 26,947 — — Non-owner occupied 56 — 574 630 335,468 336,098 — 605 Total commercial real estate 1,153 — 753 1,906 483,235 485,141 — 784 Residential real estate: Senior lien 1,167 885 1,396 3,448 643,034 646,482 — 4,724 Junior lien 233 91 41 365 56,631 56,996 — 459 Total residential real estate 1,400 976 1,437 3,813 699,665 703,478 — 5,183 Consumer 157 6 5 168 24,407 24,575 — 140 Total loans excluded from ASC 310-30 $ 4,545 $ 1,099 $ 7,913 $ 13,557 $ 3,044,767 $ 3,058,324 $ 150 $ 21,000 December 31, 2016 Greater Total Loans > 90 30-59 60-89 than 90 non days past days past days past days past Total past 310-30 due and Non- due due due due Current loans still accruing accrual Loans excluded from ASC 310-30: Commercial: Commercial and industrial $ 3,134 $ 4,009 $ 1,078 $ 8,221 $ 1,066,475 $ 1,074,696 $ — $ 8,688 Owner occupied commercial real estate 583 216 56 855 220,689 221,544 — 2,056 Agriculture 501 — — 501 134,136 134,637 — 1,905 Energy 2 — 6,548 6,550 83,723 90,273 — 12,645 Total commercial 4,220 4,225 7,682 16,127 1,505,023 1,521,150 — 25,294 Commercial real estate non-owner occupied: Construction — — — — 90,314 90,314 — — Acquisition/development — — — — 13,306 13,306 — — Multifamily — — — — 24,954 24,954 — — Non-owner occupied — — 28 28 309,040 309,068 — 66 Total commercial real estate — — 28 28 437,614 437,642 — 66 Residential real estate: Senior lien 888 645 1,458 2,991 672,699 675,690 — 4,522 Junior lien 115 61 22 198 52,473 52,671 — 654 Total residential real estate 1,003 706 1,480 3,189 725,172 728,361 — 5,176 Consumer 83 8 — 91 27,825 27,916 — 181 Total loans excluded from ASC 310-30 $ 5,306 $ 4,939 $ 9,190 $ 19,435 $ 2,695,634 $ 2,715,069 $ — $ 30,717 Loans are considered past due or delinquent when the contractual principal or interest due in accordance with the terms of the loan agreement remains unpaid after the due date of the scheduled payment. Pooled loans accounted for under ASC 310-30 that are 90 days or more past due and still accreting are generally considered to be performing and therefore are not included in the tables above. Non-accrual loans include troubled debt restructurings on non-accrual status. Non-accrual loans excluded from the scope of ASC 310-30 totaled $21.0 million at December 31, 2017, representing a decrease of $9.7 million, or 31.6%, from December 31, 2016, due to charge-offs of two energy loans totaling $7.5 million and one commercial and industrial loan totaling $2.5 million. In addition, one previously identified energy loan of $2.2 million at December 31, 2017 was placed back on accrual during the third quarter of 2017. These decreases were partially offset by one commercial and industrial loan totaling $3.7 million placed on non-accrual during the fourth quarter of 2017. Credit exposure for all loans as determined by the Company’s internal risk rating system was as follows at December 31, 2017 and 2016: December 31, 2017 Special Pass mention Substandard Doubtful Total Loans excluded from ASC 310-30: Commercial: Commercial and industrial $ 1,349,116 $ 10,829 $ 14,824 $ 1,253 $ 1,376,022 Owner occupied commercial real estate 250,224 17,030 5,424 75 272,753 Agriculture 118,068 18,824 1,870 133 138,895 Energy 55,814 — 1,646 — 57,460 Total commercial 1,773,222 46,683 23,764 1,461 1,845,130 Commercial real estate non-owner occupied: Construction 107,502 — 179 — 107,681 Acquisition/development 14,415 — — — 14,415 Multifamily 24,817 — 2,130 — 26,947 Non-owner occupied 333,225 1,396 1,477 — 336,098 Total commercial real estate 479,959 1,396 3,786 — 485,141 Residential real estate: Senior lien 641,294 91 5,097 — 646,482 Junior lien 56,172 — 824 — 56,996 Total residential real estate 697,466 91 5,921 — 703,478 Consumer 24,432 1 142 — 24,575 Total loans excluded from ASC 310-30 $ 2,975,079 $ 48,171 $ 33,613 $ 1,461 $ 3,058,324 Loans accounted for under ASC 310-30: Commercial $ 23,954 $ 1,070 $ 4,451 $ — $ 29,475 Commercial real estate non-owner occupied 50,537 883 26,488 — 77,908 Residential real estate 10,072 1,055 1,632 — 12,759 Consumer 327 9 145 — 481 Total loans accounted for under ASC 310-30 $ 84,890 $ 3,017 $ 32,716 $ — $ 120,623 Total loans $ 3,059,969 $ 51,188 $ 66,329 $ 1,461 $ 3,178,947 December 31, 2016 Special Pass mention Substandard Doubtful Total Loans excluded from ASC 310-30: Commercial: Commercial and industrial $ 1,041,326 $ 7,243 $ 25,636 $ 491 $ 1,074,696 Owner occupied commercial real estate 202,036 9,371 10,137 — 221,544 Agriculture 123,809 8,922 1,906 — 134,637 Energy 77,619 — 7,811 4,843 90,273 Total commercial 1,444,790 25,536 45,490 5,334 1,521,150 Commercial real estate non-owner occupied: Construction 90,099 — 215 — 90,314 Acquisition/development 10,758 2,548 — — 13,306 Multifamily 22,495 238 2,221 — 24,954 Non-owner occupied 300,922 5,895 2,251 — 309,068 Total commercial real estate 424,274 8,681 4,687 — 437,642 Residential real estate: Senior lien 669,148 1,215 5,316 11 675,690 Junior lien 51,250 178 1,243 — 52,671 Total residential real estate 720,398 1,393 6,559 11 728,361 Consumer 27,669 59 188 — 27,916 Total loans excluded from ASC 310-30 $ 2,617,131 $ 35,669 $ 56,924 $ 5,345 $ 2,715,069 Loans accounted for under ASC 310-30: Commercial $ 27,436 $ 610 $ 11,234 $ — $ 39,280 Commercial real estate non-owner occupied 38,895 967 45,520 3,768 89,150 Residential real estate 12,477 1,327 2,720 — 16,524 Consumer 721 17 160 — 898 Total loans accounted for under ASC 310-30 $ 79,529 $ 2,921 $ 59,634 $ 3,768 $ 145,852 Total loans $ 2,696,660 $ 38,590 $ 116,558 $ 9,113 $ 2,860,921 Non 310-30 special mention loans increased $12.5 million from December 31, 2016 due to upgrades from substandard and doubtful within the commercial and industrial sector and downgrades from pass within the commercial and industrial sector, partially offset by payoffs in the commercial and industrial and owner-occupied commercial real estate sectors. Non 310-30 substandard loans decreased $23.3 million from December 31, 2016 primarily due to paydowns and upgrades to special mention and pass within the commercial and industrial, owner-occupied commercial real estate and energy sectors. Non 310-30 doubtful loans decreased $3.9 million from December 31, 2016 due to energy loan charge-offs during the period. Impaired Loans Loans are considered to be impaired when it is probable that the Company will not be able to collect all amounts due in accordance with the contractual terms of the loan agreement. Impaired loans are comprised of loans excluded from ASC 310-30 on non-accrual status, loans in bankruptcy, and troubled debt restructurings (“TDRs”) described below. If a specific allowance is warranted based on the borrower’s overall financial condition, the specific allowance is calculated based on discounted cash flows using the loan’s initial contractual effective interest rate or the fair value of the collateral less selling costs for collateral dependent loans. At December 31, 2017, the Company measured $20.3 million of impaired loans based on the fair value of the collateral less selling costs and $2.3 million of impaired loans using discounted cash flows and the loan’s initial contractual effective interest rate. Impaired loans totaling $8.3 million that individually were less than $250 thousand each, were measured through the general ALL reserves due to their relatively small size. At December 31, 2017 and 2016, the Company’s recorded investment in impaired loans were $30.9 million and $38.3 million, respectively, of which $8.5 million and $5.8 million, respectively, were accruing TDRs. Impaired loans at December 31, 2017 were primarily comprised of seven relationships totaling $14.1 million. Four of the relationships were in the commercial and industrial sector totaling $9.0 million, two of the relationships were in the energy sector totaling $3.9 million and one relationship was in the agriculture sector totaling $1.2 million. Impaired loans had a collective related allowance for loan losses allocated to them of $1.5 million and $2.4 million at December 31, 2017 and 2016, respectively. Additional information regarding impaired loans at December 31, 2017 and 2016 is set forth in the table below: December 31, 2017 December 31, 2016 Allowance Allowance Unpaid for loan Unpaid for loan principal Recorded losses principal Recorded losses balance investment allocated balance investment allocated With no related allowance recorded: Commercial: Commercial and industrial $ 6,481 $ 5,055 $ — $ 8,671 $ 7,495 $ — Owner occupied commercial real estate 4,186 3,934 — 3,350 3,197 — Agriculture 1,502 1,245 — 2,044 1,987 — Energy 8,661 3,861 — 17,142 6,105 — Total commercial 20,830 14,095 — 31,207 18,784 — Commercial real estate non-owner occupied: Construction 215 179 — — — — Acquisition/development — — — — — — Multifamily 29 29 — 33 33 — Non-owner occupied 901 853 — 394 343 — Total commercial real estate 1,145 1,061 — 427 376 — Residential real estate: Senior lien 333 309 — 1,551 1,426 — Junior lien — — — 54 51 — Total residential real estate 333 309 — 1,605 1,477 — Consumer — — — 4 4 — Total impaired loans with no related allowance recorded $ 22,308 $ 15,465 $ — $ 33,243 $ 20,641 $ — With a related allowance recorded: Commercial: Commercial and industrial $ 7,919 $ 5,339 $ 1,329 $ 3,495 $ 3,464 $ 492 Owner occupied commercial real estate 873 713 4 957 642 2 Agriculture 2,122 2,083 133 — — — Energy — — — 11,216 6,548 1,866 Total commercial 10,914 8,135 1,466 15,668 10,654 2,360 Commercial real estate non-owner occupied: Construction — — — — — — Acquisition/development — — — — — — Multifamily — — — — — — Non-owner occupied 207 200 1 261 255 1 Total commercial real estate 207 200 1 261 255 1 Residential real estate: Senior lien 6,481 5,753 24 5,646 5,016 31 Junior lien 1,295 1,179 8 1,781 1,532 14 Total residential real estate 7,776 6,932 32 7,427 6,548 45 Consumer 146 141 1 188 184 2 Total impaired loans with a related allowance recorded $ 19,043 $ 15,408 $ 1,500 $ 23,544 $ 17,641 $ 2,408 Total impaired loans $ 41,351 $ 30,873 $ 1,500 $ 56,787 $ 38,282 $ 2,408 The table below shows additional information regarding the average recorded investment and interest income recognized on impaired loans for the periods presented: For the years ended December 31, 2017 December 31, 2016 December 31, 2015 Average Interest Average Interest Average Interest With no related allowance recorded: Commercial: Commercial and industrial $ 5,609 $ 152 $ 7,909 $ 252 $ 5,049 $ 266 Owner occupied commercial real estate 4,155 80 3,249 92 2,221 83 Agriculture 1,422 244 1,830 — 1,961 — Energy 8,004 156 12,565 — 5,679 — Total Commercial 19,190 632 25,553 344 14,910 349 Commercial real estate non-owner occupied: Construction — — — — 188 — Acquisition/development — — — — — — Multifamily — — — — — — Non-owner occupied 878 22 368 22 157 — Total commercial real estate 878 22 368 22 345 — Residential real estate: Senior lien 326 — 1,466 19 956 15 Junior lien — — 54 2 113 — Total residential real estate 326 — 1,520 21 1,069 15 Consumer — — 4 — — — Total impaired loans with no related allowance recorded $ 20,394 $ 654 $ 27,445 $ 387 $ 16,324 $ 363 With a related allowance recorded: Commercial: Commercial and industrial $ 7,331 $ — $ 3,545 $ 198 $ 6,273 $ 1 Owner occupied commercial real estate 747 20 703 20 1,230 27 Agriculture 2,092 5 162 5 276 4 Energy — — 10,008 — 3,092 — Total Commercial 10,170 25 14,418 223 10,871 32 Commercial real estate non-owner occupied: Construction 188 — — — — — Acquisition/development — — — — — — Multifamily 30 1 34 2 60 1 Non-owner occupied 213 9 268 13 1,667 48 Total commercial real estate 431 10 302 15 1,727 49 Residential real estate: Senior lien 5,986 67 5,200 88 5,911 119 Junior lien 1,225 42 1,600 56 1,725 51 Total residential real estate 7,211 109 6,800 144 7,636 170 Consumer 163 — 196 — 92 1 Total impaired loans with a related allowance recorded $ 17,975 $ 144 $ 21,716 $ 382 $ 20,326 $ 252 Total impaired loans $ 38,369 $ 798 $ 49,161 $ 769 $ 36,650 $ 615 Interest income recognized on impaired loans noted in the table above, primarily represents interest earned on accruing troubled debt restructurings. Interest income recognized on impaired loans during the years ended December 31, 2017, 2016 and 2015 was $0.8 million, $0.8 million and $0.6 million, respectively. Troubled debt restructurings The Company’s policy is to review each prospective credit to determine the appropriateness and the adequacy of security or collateral prior to making a loan. In the event of borrower default, the Company seeks recovery in compliance with lending laws, the respective loan agreements, and credit monitoring and remediation procedures that may include restructuring a loan to provide a concession by the Company to the borrower from their original terms due to borrower financial difficulties in order to facilitate repayment. Additionally, if a borrower’s repayment obligation has been discharged by a court, and that debt has not been reaffirmed by the borrower, regardless of past due status, the loan is considered to be a TDR. Non-accruing TDRs at December 31, 2017 and 2016 totaled $7.3 million and $16.7 million, respectively. During 2017, the Company restructured eleven loans with a recorded investment of $ 2.1 million at December 31, 2017 to facilitate repayment. All of the loan modifications were a reduction of the principal payment, a reduction in interest rate, or an extension of term. Loan modifications to loans accounted for under ASC 310-30 are not considered TDRs. The tables below provide additional information related to accruing TDRs at December 31, 2017 and 2016: December 31, 2017 Recorded Average year-to-date Unpaid Unfunded commitments investment recorded investments principal balance to fund TDRs Commercial $ 6,595 $ 7,308 $ 7,171 $ 2,041 Commercial real estate non-owner occupied 455 489 500 — Residential real estate 1,409 1,461 1,420 2 Consumer 1 3 1 — Total $ 8,460 $ 9,261 $ 9,092 $ 2,043 December 31, 2016 Recorded Average year-to-date Unpaid Unfunded commitments investment recorded investments principal balance to fund TDRs Commercial $ 3,302 $ 3,440 $ 3,464 $ 100 Commercial real estate non-owner occupied 538 572 590 — Residential real estate 1,920 1,996 1,969 2 Consumer 7 9 7 — Total $ 5,767 $ 6,017 $ 6,030 $ 102 The following table summarizes the Company’s carrying value of non-accrual TDRs as of December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Commercial $ 5,808 $ 15,265 Commercial real estate non-owner occupied — — Residential real estate 1,336 1,301 Consumer 111 142 Total non-accruing TDRs $ 7,255 $ 16,708 At December 31, 2017 and 2016, the Company had $8.5 million and $5.8 million, respectively, of accruing TDRs that had been restructured from the original terms in order to facilitate repayment. Accrual of interest is resumed on loans that were on non-accrual only after the loan has performed sufficiently. The Company had three TDRs that were modified within the past twelve months and had defaulted on their restructured terms. The defaulted TDRs consisted of two commercial loans totaling $3.2 million, and one small residential loan. Non-accruing TDRs decreased $9.4 million from December 31, 2016 due to charge-offs within the commercial loan segment. The allowance for loan losses related to troubled debt restructurings on non-accrual status is determined by individual evaluation, including collateral adequacy, using the same process as loans on non-accrual status which are not classified as troubled debt restructurings. During 2016, the Company had five TDRs that were modified within the past twelve months and had defaulted on their restructured terms. The defaulted TDRs consisted of two commercial loans totaling $6.4 million and three residential loans totaling $0.4 million. For purposes of this disclosure, the Company considers “default” to mean 90 days or more past due on principal or interest. Loans accounted for under ASC 310-30 Loan pools accounted for under ASC Topic 310-30 are periodically re-measured to determine expected future cash flows. In determining the expected cash flows, the timing of cash flows and prepayment assumptions for smaller homogeneous loans are based on statistical models that take into account factors such as the loan interest rate, credit profile of the borrowers, the years in which the loans were originated, and whether the loans are fixed or variable rate loans. Prepayments may be assumed on loans if circumstances specific to that loan warrant a prepayment assumption. The re-measurement of loans accounted for under ASC 310-30 resulted in the following changes in the carrying amount of accretable yield during 2017 and 2016: December 31, 2017 December 31, 2016 Accretable yield beginning balance $ 60,476 $ 84,194 Reclassification from non-accretable difference 11,398 14,316 Reclassification to non-accretable difference (2,801) (4,778) Accretion (22,505) (33,256) Accretable yield ending balance $ 46,568 $ 60,476 Below is the composition of the net book value for loans accounted for under ASC 310-30 at December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Contractual cash flows $ 489,892 $ 537,611 Non-accretable difference (322,701) (331,283) Accretable yield (46,568) (60,476) Loans accounted for under ASC 310-30 $ 120,623 $ 145,852 |
Allowance for Loan Losses
Allowance for Loan Losses | 12 Months Ended |
Dec. 31, 2017 | |
Receivables [Abstract] | |
Allowance for Loan Losses | Note 7 Allowance for Loan Losses The tables below detail the Company’s allowance for loan losses and recorded investment in loans as of and for the years ended December 31, 2017 and 2016: Year ended December 31, 2017 Non-owner occupied commercial Residential Commercial real estate real estate Consumer Total Beginning balance $ 18,821 $ 5,642 $ 4,387 $ 324 $ 29,174 Non 310-30 beginning balance 18,821 5,422 4,387 319 28,949 Charge-offs (10,342) — (236) (737) (11,315) Recoveries 99 20 129 185 433 Provision 12,762 141 (315) 538 13,126 Non 310-30 ending balance 21,340 5,583 3,965 305 31,193 ASC 310-30 beginning balance — 220 — 5 225 Charge-offs — — — — — Recoveries — — — — — Provision (recoupment) 45 (194) — (5) (154) ASC 310-30 ending balance 45 26 — — 71 Ending balance $ 21,385 $ 5,609 $ 3,965 $ 305 $ 31,264 Ending allowance balance attributable to: Non 310-30 loans individually evaluated for impairment $ 1,466 $ 2 $ 32 $ 1 $ 1,501 Non 310-30 loans collectively evaluated for impairment 19,874 5,581 3,933 304 29,692 ASC 310-30 loans 45 26 — — 71 Total ending allowance balance $ 21,385 $ 5,609 $ 3,965 $ 305 $ 31,264 Loans: Non 310-30 individually evaluated for impairment $ 22,232 $ 1,260 $ 7,240 $ 141 $ 30,873 Non 310-30 collectively evaluated for impairment 1,822,898 483,881 696,238 24,434 3,027,451 ASC 310-30 loans 29,475 77,908 12,759 481 120,623 Total loans $ 1,874,605 $ 563,049 $ 716,237 $ 25,056 $ 3,178,947 Year ended December 31, 2016 Non-owner occupied commercial Residential Commercial real estate real estate Consumer Total Beginning balance $ 17,261 $ 4,166 $ 5,281 $ 411 $ 27,119 Non 310-30 beginning balance 16,473 3,939 5,245 385 26,042 Charge-offs (20,684) (280) (408) (771) (22,143) Recoveries 89 123 108 274 594 Provision 22,943 1,640 (558) 431 24,456 Non 310-30 ending balance 18,821 5,422 4,387 319 28,949 ASC 310-30 beginning balance 788 227 36 26 1,077 Charge-offs — (41) — (6) (47) Recoveries — — — — — (Recoupment) provision (788) 34 (36) (15) (805) ASC 310-30 ending balance — 220 — 5 225 Ending balance $ 18,821 $ 5,642 $ 4,387 $ 324 $ 29,174 Ending allowance balance attributable to: Non 310-30 loans individually evaluated for impairment $ 2,360 $ 1 $ 46 $ 2 $ 2,409 Non 310-30 loans collectively evaluated for impairment 16,461 5,421 4,341 317 26,540 ASC 310-30 loans — 220 — 5 225 Total ending allowance balance $ 18,821 $ 5,642 $ 4,387 $ 324 $ 29,174 Loans: Non 310-30 individually evaluated for impairment $ 29,411 $ 631 $ 7,346 $ 188 $ 37,576 Non 310-30 collectively evaluated for impairment 1,491,739 437,011 721,015 27,728 2,677,493 ASC 310-30 loans 39,280 89,150 16,524 898 145,852 Total loans $ 1,560,430 $ 526,792 $ 744,885 $ 28,814 $ 2,860,921 In evaluating the loan portfolio for an appropriate ALL level, non-impaired loans that were not accounted for under ASC 310-30 were grouped into segments based on broad characteristics such as primary use and underlying collateral. Within the segments, the portfolio was further disaggregated into classes of loans with similar attributes and risk characteristics for purposes of applying loss ratios and determining applicable subjective adjustments to the ALL. The application of subjective adjustments was based upon qualitative risk factors, including economic trends and conditions, industry conditions, asset quality, loss trends, lending management, portfolio growth and loan review/internal audit results. Net charge-offs on non 310-30 loans during 2017 were $10.9 million. Management’s evaluation of credit quality resulted in a provision for loan losses on the non 310-30 loans of $13.1 million during 2017. During 2016, the Company had $21.6 million of net charge-offs on non 310-30 loans, of which $19.1 million were from the energy portfolio, and recorded a provision for loan losses on non 310-30 loans of $24.5 million, or which $18.9 million were from the energy portfolio. During 2017 and 2016, the Company re-estimated the expected cash flows of the loan pools accounted for under ASC 310-30. The re-measurement in 2017 resulted in a net recoupment of $154 thousand, due to a $194 thousand recoupment in the non-owner occupied commercial real estate segment. The re-measurement in 2016 resulted in a net recoupment of $805 thousand, which was comprised primarily of a $788 thousand recoupment in the commercial segment. |
Premises and Equipment
Premises and Equipment | 12 Months Ended |
Dec. 31, 2017 | |
Property, Plant and Equipment [Abstract] | |
Premises and Equipment | Note 8 Premises and Equipment Premises and equipment consisted of the following at December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Land $ 28,698 $ 29,864 Buildings and improvements 73,703 69,980 Equipment 46,091 42,067 Total premises and equipment, at cost 148,492 141,911 Less: accumulated depreciation and amortization (54,784) (46,240) Premises and equipment, net $ 93,708 $ 95,671 The Company incurred $7.6 million, $8.7 million and $10.1 million of depreciation expense during 2017, 2016 and 2015, respectively, as a component of occupancy and equipment expense in the consolidated statements of operations. The Company disposed of $2.3 million, $3.5 million and $0.1 million of premises and equipment, net, during 2017, 2016 and 2015, respectively. During 2017, the Company consolidated two banking centers and completed the divestiture of four banking centers, resulting in a gain of $2.9 million included in non-interest income in the consolidate statements of operations. The divestiture included buildings classified as held-for-sale, which were adjusted to the lower of the carrying amount or fair value less cost to sell and totaled $1.6 million at December 31, 2016. During 2016, the Company consolidated seven banking centers resulting in certain buildings classified as held-for-sale, which were adjusted to the lower of the carrying amount or fair value less cost to sell. The adjustment totaled $1.4 million and is included in the consolidated statements of operations at December 31, 2015. Space in certain facilities is leased under operating leases. Below is a summary of future minimum lease payments as of December 31, 2017: Years ending December 31, Amount 2018 $ 3,158 2019 3,092 2020 2,981 2021 3,091 2022 3,052 Thereafter 12,210 Total $ 27,584 |
Other Real Estate Owned
Other Real Estate Owned | 12 Months Ended |
Dec. 31, 2017 | |
FDIC Loss-Sharing Related | |
Other Real Estate Owned | Note 9 Other Real Estate Owned A summary of the activity in the OREO balances during 2017 and 2016 is as follows: For the years ended December 31, 2017 2016 Beginning balance $ 15,662 $ 20,814 Transfers from loan portfolio, at fair value 1,800 6,868 Impairments (766) (298) Sales, net (6,205) (11,722) Ending balance $ 10,491 $ 15,662 The OREO balances excluded $0.7 million and $1.6 million at December 31, 2017 and 2016, respectively, of the Company’s minority interests in OREO, which are held by outside banks where the Company was not the lead bank and does not have a controlling interest. The Company maintains a receivable in other assets for these minority interests. Included in Sales, net are gains of $4.2 million and $4.4 million for the years ended December 31, 2017 and 2016, respectively. |
Goodwill and Intangible Assets
Goodwill and Intangible Assets | 12 Months Ended |
Dec. 31, 2017 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Intangible Assets | Note 10 Goodwill and Intangible Assets In connection with our acquisitions, the Company recorded goodwill of $59.6 million and core deposit intangible assets of $38.4 million. The Company is amortizing the core deposit intangibles on a straight line basis over 7 years from the date of the respective acquisitions, which represents the expected useful life of the assets. The Company recognized core deposit intangible amortization expense of $5.3 million, $5.5 million and $5.4 million during 2017, 2016 and 2015, respectively. The following table shows the estimated future amortization expense as of December 31, 2017: Years ending December 31, Amount 2018 $ 1,122 2019 135 2020 135 2021 135 2022 79 The accumulated amortization of the core deposit intangible assets was $36.8 million and $31.5 million at December 31, 2017 and 2016, respectively. At December 31, 2017, the core deposit intangible for the Bank Midwest and Hillcrest Bank acquisitions were fully amortized. The Company had goodwill of $59.6 million at December 31, 2017 and 2016. The goodwill is measured as the excess of the fair value of consideration paid over the fair value of assets acquired. No goodwill impairment was recorded during 2017, 2016 or 2015. |
Deposits
Deposits | 12 Months Ended |
Dec. 31, 2017 | |
Deposits [Abstract] | |
Deposits | Note 11 Deposits Total deposits were $4.0 billion and $3.9 billion at December 31, 2017 and 2016, respectively. Time deposits were $1.1 billion and $1.2 billion at December 31, 2017 and 2016, respectively. At December 31, 2016, deposits totaling $103.0 million were held-for-sale, including $51.6 million of time deposits. The following table summarizes the Company’s time deposits by remaining contractual maturity: Years ending December 31, Amount 2018 $ 684,622 2019 308,139 2020 100,275 2021 7,044 2022 14,389 Thereafter 3,581 Total time deposits $ 1,118,050 The Company incurred interest expense on deposits as follows during the periods indicated: For the years ended December 31, 2017 2016 2015 Interest bearing demand deposits $ 445 $ 369 $ 315 Money market accounts 4,077 3,600 3,372 Savings accounts 1,481 1,016 837 Time deposits 10,169 8,978 9,085 Total $ 16,172 $ 13,963 $ 13,609 The Federal Reserve System requires cash balances to be maintained at the Federal Reserve Bank based on certain deposit levels. There was no minimum reserve requirement for the Bank at December 31, 2017. The aggregate amount of certificates of deposit in denominations that meet or exceed the FDIC insurance limit was $140.7 million and $119.7 million at December 31, 2017 and 2016, respectively. |
Borrowings
Borrowings | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure of Repurchase Agreements [Abstract] | |
Borrowings | Note 12 Borrowings The following table sets forth selected information regarding repurchase agreements during 2017, 2016 and 2015: As of and for the years ended December 31, 2017 2016 2015 Maximum amount of outstanding agreements at any month end during the period $ 130,463 $ 154,404 $ 288,591 Average amount outstanding during the period $ 88,390 $ 109,246 $ 197,726 Weighted average interest rate for the period As of December 31, 2017, 2016 and 2015, the Company had pledged mortgage-backed securities with a fair value of approximately $136.1 million, $99.1 million and $205.7 million, respectively, for securities sold under agreements to repurchase. Additionally, there was $5.7 million, $7.0 million and $68.1 million of excess collateral pledged for repurchase agreements at December 31, 2017, 2016 and 2015, respectively. The vast majority of the Company’s repurchase agreements are overnight transactions with clients that mature the day after the transaction. During 2017, 2016 and 2015, the overnight agreements had a weighted average interest rate of 0.19%, 0.14% and 0.09%, respectively. At December 31, 2017, 2016 and 2015, none of the Company’s repurchase agreements were for periods longer than one day. The repurchase agreements are subject to a master netting arrangement; however, the Company has not offset any of the amounts shown in the consolidated financial statements. As a member of the FHLB, the Bank has access to a line of credit and term financing from the FHLB with total available credit of $806.7 million at December 31, 2017. At December 31, 2017, 2016 and 2015, the Bank had $129.1 million, $25.0 million and $25.0 million in term advances from the FHLB, respectively. All of the outstanding advances have fixed interest rates between 1.31% - 2.33%, with maturity dates of 2018 - 2020. The Bank had investment securities pledged as collateral for FHLB advances in the amount of $28.1 million, $28.8 million and $41.7 million at December 31, 2017, 2016 and 2015, respectively. Interest expense related to FHLB advances totaled $1.8 million, $0.7 million and $0.7 million for the years ended December 31, 2017, 2016 and 2015, respectively. |
Regulatory Capital
Regulatory Capital | 12 Months Ended |
Dec. 31, 2017 | |
FDIC Loss-Sharing Related | |
Regulatory Capital | Note 13 Regulatory Capital As a bank holding company, the Company is subject to the regulatory capital adequacy requirements implemented by the Federal Reserve. The federal banking agencies have risk-based capital adequacy regulations intended to provide a measure of capital adequacy that reflects the degree of risk associated with a banking organization’s operations. Under these regulations, assets are assigned to one of several risk categories, and nominal dollar amounts of assets and credit equivalent amounts of off-balance-sheet items are multiplied by a risk adjustment percentage for the category. The Basel III Capital rules, effective January 1, 2015, changed the components of regulatory capital, changed the way in which risk ratings are assigned to various categories of bank assets and defined a new Tier 1 common risk-based ratio. In addition, a capital conservative buffer requirement, designed to strengthen an institution’s financial resilience during economic cycles through the restriction of capital distributions and other payments, became effective in 2016, with full phase-in beginning January 1, 2019. When fully phased-in, the capital conservation buffer adds a 2.5% capital requirement above existing regulatory minimum ratios. Under the Basel III requirements, at December 31, 2017 and 2016, the Company and the Bank met all capital requirements and the Bank had regulatory capital ratios in excess of the levels established for well-capitalized institutions, as detailed in the tables below. December 31, 2017 Required to be Required to be well capitalized under considered prompt corrective adequately Actual action provisions capitalized (1) Ratio Amount Ratio Amount Ratio Amount Tier 1 leverage ratio: Consolidated $ 470,877 N/A N/A $ 191,559 NBH Bank 382,918 $ 237,772 190,217 Common equity tier 1 risk-based capital: Consolidated $ 470,877 N/A N/A $ 335,228 NBH Bank 382,918 $ 309,103 332,881 Tier 1 risk-based capital ratio: Consolidated $ 470,877 N/A N/A $ 309,400 NBH Bank 382,918 $ 289,022 307,086 Total risk-based capital ratio: Consolidated $ 502,917 N/A N/A $ 382,200 NBH Bank 414,958 $ 361,277 379,341 December 31, 2016 Required to be Required to be well capitalized under considered prompt corrective adequately Actual action provisions capitalized (1) Ratio Amount Ratio Amount Ratio Amount Tier 1 leverage ratio: Consolidated $ 470,259 N/A N/A $ 181,019 NBH Bank 389,189 $ 202,903 180,358 Common equity tier 1 risk-based capital: Consolidated $ 470,259 N/A N/A $ 316,784 NBH Bank 389,189 $ 293,082 315,627 Tier 1 risk-based capital ratio: Consolidated $ 470,259 N/A N/A $ 282,578 NBH Bank 389,189 $ 264,596 281,133 Total risk-based capital ratio: Consolidated $ 499,759 N/A N/A $ 349,067 NBH Bank 418,689 $ 330,745 347,282 As of the fully phased-in date of January 1, 2019, including the capital conservation buffer. |
FDIC Loss-Sharing Related 10K
FDIC Loss-Sharing Related 10K | 12 Months Ended |
Dec. 31, 2017 | |
Text Block [Abstract] | |
FDIC Loss-Sharing Related | Note 14 FDIC Loss-Sharing Related During the fourth quarter of 2015, the Bank entered into an early termination agreement with the FDIC, terminating its loss-share agreements. The Bank paid consideration of $15.1 million to the FDIC for the termination of the agreements. Additionally, the Bank recorded a pre-tax gain of $4.9 million in the fourth quarter of 2015, which was recorded in FDIC loss-sharing related income in the consolidated statements of operations. FDIC related income during 2015 was $(15.6) million, mostly driven by FDIC indemnification asset amortization. |
Stock-based Compensation and Be
Stock-based Compensation and Benefits | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Stock-based Compensation and Benefits | Note 15 Stock-based Compensation and Benefits The Company provides stock-based compensation in accordance with shareholder-approved plans. During the second quarter of 2014, shareholders approved the 2014 Omnibus Incentive Plan (the "2014 Plan"). The 2014 Plan replaces the NBH Holdings Corp. 2009 Equity Incentive Plan (the "Prior Plan"), pursuant to which the Company granted equity awards prior to the approval of the 2014 Plan. Pursuant to the 2014 Plan, the Compensation Committee of the Board of Directors has the authority to grant, from time to time, awards of stock options, stock appreciation rights, restricted stock, restricted stock units, performance units, other stock-based awards, or any combination thereof to eligible persons. As of December 31, 2017, the aggregate number of Class A common stock available for issuance under the 2014 Plan is 5,754,830 shares. Any shares that are subject to stock options or stock appreciation rights under the 2014 Plan will be counted against the amount available for issuance as one share for every one share granted, and any shares that are subject to awards under the 2014 Plan other than stock options or stock appreciation rights will be counted against the amount available for issuance as 3.25 shares for every one share granted. The 2014 Plan provides for recycling of shares from both the Prior Plan and the 2014 Plan, the terms of which are further described in the Company's Proxy Statement for its 2014 Annual Meeting of Shareholders. Upon an option exercise, it is the Company’s policy to issue shares from treasury stock. To date, the Company has issued stock options, restricted stock and performance stock units under the plans. The Compensation Committee sets the option exercise price at the time of grant, but in no case is the exercise price less than the fair market value of a share of stock at the date of grant. Stock options The Company issued stock options during 2017, 2016 and 2015, which are primarily time-vesting with 1/3 vesting on each of the first, second and third anniversary of the date of grant or date of hire. The expense associated with the awarded stock options was measured at fair value using a Black-Scholes option-pricing model. The outstanding option awards vest on a graded basis over 1-4 years of continuous service and have 7-10 year contractual terms. Below are the weighted average assumptions used in the Black-Scholes option pricing model to determine fair value of the Company’s stock options granted in 2017, 2016 and 2015: 2017 2016 2015 Weighted average fair value $ 7.84 $ 4.24 $ 4.37 Weighted average risk-free interest rate (1) Expected volatility (2) Expected term (years) (3) 6.09 6.09 6.01 Dividend yield (4) (1) The risk-free rate for the expected term of the options was based on the U.S. Treasury yield curve at the date of grant and based on the expected term. (2) Expected volatility was calculated using a time-based weighted migration of the Company’s own stock price volatility coupled with those of a peer group of eight comparable publicly traded companies for a period commensurate with the expected term of the options. (3) The expected term was estimated to be the average of the contractual vesting term and time to expiration. (4) The dividend yield was assumed to be $0.05 per share per quarter through the third quarter of 2016, $0.07 per share per quarter through the first quarter of 2017 and $0.09 per share per quarter through the fourth quarter of 2017 in accordance with the Company’s dividend policy at the time of grant. The Company issued stock options in accordance with the 2014 Plan during 2017. The following table summarizes stock option activity for 2017: Weighted average Weighted remaining average contractual Aggregate exercise term in intrinsic Options price years value Outstanding at December 31, 2016 2,185,922 $ 19.81 4.85 $ 7,753 Granted 100,401 33.98 Exercised (658,371) 19.91 Forfeited (29,634) 19.82 Outstanding at December 31, 2017 1,598,318 $ 20.62 4.07 $ 19,017 Options exercisable at December 31, 2017 1,372,300 $ 19.82 3.35 $ 17,306 Options vested and expected to vest 1,581,184 $ 20.54 4.02 $ 18,924 Stock option expense is a component of salaries and benefits in the consolidated statements of operations and totaled $0.7 million, $0.7 million and $0.7 million for 2017, 2016 and 2015, respectively. At December 31, 2017, there was $0.5 million of total unrecognized compensation cost related to non-vested stock options granted under the plans. The cost is expected to be recognized over a weighted average period of 2.0 years. The following table summarizes the Company’s outstanding stock options: Options outstanding Options exercisable Weighted average Number remaining contractual Weighted average Number Weighted average Range of exercise price outstanding life (years) exercise price exercisable exercise price $ - 18.99 $ $ $ - 19.99 $ $ $ - 20.99 1,126,549 2.61 $ 20.01 1,125,577 $ $ 21.00 and above 98,793 9.14 $ 33.42 2,300 $ 23.98 Restricted stock awards The Company issued time based restricted stock awards during 2017, 2016 and 2015. The restricted stock awards vest over a range of a 1 – 3 year period. Restricted stock with time-based vesting was valued at the fair value of the shares on the date of grant as they are assumed to be held beyond the vesting period. No market-based stock awards were granted during 2017. During the year ended December 31, 2016, the Company granted market-based awards of 26,594 shares in accordance with the 2014 Plan. These shares have a five-year performance period and vest upon the later of the Company’s stock price achieving an established price goal during the performance period and the third anniversary of the date of grant. The $11.28 per share fair value of these awards was determined using a Monte Carlo Simulation at grant date. The market-based performance condition had been met for these awards and the total unrecognized compensation cost related to these non-vested awards totaled $0.1 million, and is expected to be recognized over a weighted average period of approximately 1.2 years. Performance stock units During the year ended December 31, 2017 and 2016, the Company granted 49,758 and 91,342 performance stock units in accordance with the 2014 Plan, respectively. These performance stock units granted represent initial target awards and do not reflect potential increases or decreases resulting from the final performance results, which are to be determined at the end of the three-year performance period (vesting date). The actual number of shares to be awarded at the end of the performance period will range from 0% - 150% of the initial target awards. 60% of the award is based on the Company’s cumulative earnings per share (EPS target) during the performance period, and 40% of the award is based on the Company’s cumulative total shareholder return (TSR target), or TSR, during the performance period. On the vesting date, the Company’s TSR will be compared to the respective TSRs of the companies comprising the KBW Regional Index at the grant date to determine the shares awarded. The fair value of the EPS target portion of the award was determined based on the closing stock price of the Company’s common stock on the grant date. The fair value of the TSR target portion of the award was determined using a Monte Carlo Simulation at the grant date. The weighted-average grant date fair value per unit for awards granted during 2017 of the EPS target portion and the TSR target portion was $34.04 and $32.06, respectively. The following table summarizes restricted stock and performance stock unit activity during 2017 and 2016: Weighted Weighted Restricted average grant- Performance average grant- stock shares date fair value stock units date fair value Unvested at December 31, 2015 836,031 $ 15.42 — $ — Granted 122,992 19.15 91,342 18.22 Vested (431,155) 15.78 — — Forfeited (28,597) 18.95 (6,047) 18.22 Unvested at December 31, 2016 499,271 15.82 85,295 18.22 Granted 66,471 33.43 49,758 33.22 Vested (380,956) 15.40 — — Forfeited (21,229) 18.73 (9,971) 21.78 Unvested at December 31, 2017 163,557 $ 22.60 125,082 $ 23.90 As of December 31, 2017, the total unrecognized compensation cost related to the non-vested restricted stock awards and performance stock units totaled $1.5 million and $1.6 million, respectively, and is expected to be recognized over a weighted average period of approximately 1.8 years and 1.8 years, respectively. Expense related to non-vested restricted stock awards totaled $2.2 million, $2.4 million and $2.6 million during 2017, 2016 and 2015, respectively. Expense related to non-vested performance stock units totaled $0.8 million, $0.4 million and $0.0 million during 2017, 2016 and 2015, respectively. Expense related to non-vested restricted stock awards and units is a component of salaries and benefits in the Company’s consolidated statements of operations. Employee Stock Purchase Plan The 2014 Employee Stock Purchase Plan (“ESPP”) is intended to be a qualified plan within the meaning of Section 423 of the Internal Revenue Code of 1986 and allows eligible employees to purchase shares of common stock through payroll deductions up to a limit of $25,000 per calendar year and 2,000 shares per offering period. The price an employee pays for shares is 90.0% of the fair market value of Company common stock on the last day of the offering period. The offering periods are the six-month periods commencing on March 1 and September 1 of each year and ending on August 31 and February 28 (or February 29 in the case of a leap year) of each year. There are no vesting or other restrictions on the stock purchased by employees under the ESPP. Under the ESPP, the total number of shares of common stock reserved for issuance totaled 400,000 shares, of which 355,159 were available for issuance. Under the ESPP, employees purchased 11,178 shares and 19,178 shares during 2017 and 2016, respectively. |
Warrants
Warrants | 12 Months Ended |
Dec. 31, 2017 | |
Warrants and Rights Note Disclosure [Abstract] | |
Warrants | Note 16 Warrants During 2017 and 2016, 250,750 and 475,000 warrants were exercised in a non-cash transaction, respectively, representing the remaining outstanding warrants. The warrants were granted to certain lead investors of the Company at the time of the Company’s initial capital raise (2009-2010), all with an exercise price of $20.00 per share. Refer to the consolidated statements of changes in shareholders’ equity for additional detail. During 2015, the Company modified its remaining warrant agreements resulting in the reclassification of $3.1 million to additional paid-in capital included in the consolidated statements of financial condition at December 31, 2015. Refer to the consolidated statements of changes in shareholders’ equity for additional detail. |
Common Stock
Common Stock | 12 Months Ended |
Dec. 31, 2017 | |
Equity [Abstract] | |
Common Stock | Note 17 Common Stock The Company had 26,875,585 and 26,386,583 shares of Class A common stock outstanding at December 31, 2017 and 2016, respectively. Additionally, the Company had 163,557 and 499,271 shares outstanding at December 31, 2017 and 2016, respectively, of restricted Class A common stock issued but not yet vested under the 2014 Omnibus Incentive Plan and the Prior Plan that are not included in shares outstanding until such time that they are vested; however, these shares do have voting and certain dividend rights during the vesting period. On August 5, 2016, the Board of Directors authorized a share repurchase program for up to $50.0 million from time to time in either the open market or through privately negotiated transactions. The remaining authorization under this program at December 31, 2017 was $12.6 million. |
Income Per Share
Income Per Share | 12 Months Ended |
Dec. 31, 2017 | |
Earnings Per Share [Abstract] | |
Income Per Share | Note 18 Income Per Share The Company calculates income per share under the two-class method, as certain non-vested share awards contain non-forfeitable rights to dividends. As such, these awards are considered securities that participate in the earnings of the Company. Non-vested shares are discussed further in note 15. The Company had 26,875,585 and 26,386,583 shares of Class A commons stock outstanding as of December 31, 2017 and 2016, respectively, exclusive of issued non-vested restricted shares. Certain stock options and non-vested restricted shares are potentially dilutive securities, but are not included in the calculation of diluted income per share because to do so would have been anti-dilutive for 2017, 2016 and 2015. The following table illustrates the computation of basic and diluted income per share for 2017, 2016 and 2015: For the years ended December 31, 2017 2016 2015 Net income $ 14,579 $ 23,060 $ 4,881 Less: income allocated to participating securities (56) (52) (53) Income allocated to common shareholders $ 14,523 $ 23,008 $ 4,828 Weighted average shares outstanding for basic income per common share 26,928,763 28,313,061 34,349,996 Dilutive effect of equity awards 772,392 704,831 9,321 Dilutive effect of warrants 8,504 73,451 4,170 Weighted average shares outstanding for diluted income per common share 27,709,659 29,091,343 34,363,487 Basic income per share $ 0.54 $ 0.81 $ 0.14 Diluted income per share $ 0.53 $ 0.79 $ 0.14 The Company had 1,598,318, 2,185,922 and 2,596,251 outstanding stock options to purchase common stock at weighted average exercise prices of $20.62, $19.81 and $19.84 per share at December 31, 2017, 2016 and 2015, respectively, which have time-vesting criteria, and as such, any dilution is derived only for the time frame in which the vesting criteria had been met and where the inclusion of those stock options is dilutive. Additionally, 250,750 warrants were exercised in a non-cash transaction during 2017, representing the remaining outstanding warrants to purchase shares of the Company’s common stock. The warrants had an exercise price of $20.00. The Company had 288,639, 499,271 and 836,031 unvested restricted shares and units issued as of December 31, 2017, 2016 and 2015, respectively, which have performance, market and/or time-vesting criteria, and as such, any dilution is derived only for the time frame in which the vesting criteria had been met and where the inclusion of those restricted shares and units is dilutive. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 19 Income Taxes Income tax expense attributable to income before taxes was $21.3 million, $2.9 million and $3.0 million for 2017, 2016 and 2015, respectively. During the fourth quarter of 2017, the Company re-measured its deferred tax asset as a result of the enactment of “H.R.1”, known as the “Tax Cuts and Jobs Act”, which among other items reduces the federal corporate tax rate to 21% effective January 1, 2018. Income tax expense recorded in 2017 included an $18.5 million non-cash one-time charge primarily related to this re-measurement. The re-measurement was based on reasonable estimates using information that was known and available from the Tax Cuts and Jobs Act as it related to our temporary differences. As additional details and technical corrections arise related to the Tax Cuts and Jobs Act, the re-measurement estimates may be subject to future adjustment. (a) Income taxes Total income taxes for 2017, 2016 and 2015 were allocated as follows: For the years ended December 31, 2017 2016 2015 Current expense: U.S. federal $ 1,230 $ 1,868 $ 3,536 State and local 169 117 311 Total current income tax expense 1,399 1,985 3,847 Deferred expense (benefit): U.S. federal 17,639 626 (710) State and local 2,245 336 (93) Total deferred income tax expense (benefit) 19,884 962 (803) Income tax expense $ 21,283 $ 2,947 $ 3,044 (b) Tax Rate Reconciliation The reconciliation between the income tax expenses and the amounts computed by applying the U.S. federal income tax rate to pretax income is as follows: For the years ended December 31, 2017 2016 2015 Income tax at federal statutory rate (35%) $ 12,550 $ 9,103 $ 2,774 State income taxes, net of federal benefits 265 295 142 Tax-exempt loan interest income (5,380) (3,798) (2,568) Bank-owned life insurance income (813) (724) (576) Stock-based compensation (3,998) (2,002) 3,520 Federal and state deferred tax rate change 18,457 — — Warrant valuation — — 37 Bargain purchase gain — — (367) Other 202 73 82 Income tax expense $ 21,283 $ 2,947 $ 3,044 (c) Significant Components of Deferred Taxes The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2017 and 2016 are presented below: December 31, 2017 December 31, 2016 Deferred tax assets: Excess tax basis of acquired loans over carrying value $ 1,887 $ 5,865 Allowance for loan losses 7,354 11,063 Intangible assets 6,367 12,279 Other real estate owned 228 — Accrued stock-based compensation 3,098 7,429 Accrued compensation 2,431 3,296 Capitalized start-up costs 2,488 4,554 Accrued expenses 1,227 2,218 Net deferred loan fees 622 1,198 Net operating loss 1,027 2,177 Federal tax credits 5,891 1,888 Net unrealized losses on investment securities 2,307 1,082 Other 993 1,526 Total deferred tax assets 35,920 54,575 Deferred tax liabilities: Premises and equipment (113) (937) Other real estate owned — (426) Prepaid expenses (177) (402) Total deferred tax liabilities (290) (1,765) Net deferred tax asset $ 35,630 $ 52,810 At December 31, 2017, the Company has federal and state net operating loss carryovers (NOLs) of $4.0 million and $8.9 million, respectively, which are available to offset future taxable income. The federal NOLs expire in varying amounts through 2037, and the state NOLs expire in varying amounts between 2026 and 2037. The Company also has a minimum tax credit carryover of $5.9 million that under the recently enacted tax law, the minimum tax credit is available to reduce income tax obligations in future periods without limitation and eventually becomes refundable regardless of the Company’s tax liability. The minimum tax credit is available to reduce income tax obligations in future periods to the extent they exceed the calculated alternative minimum tax. The Company does not expect any tax attribute carryovers to expire before they are utilized. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, if any (including the impact of available carryforward periods), projected future taxable income, and tax-planning strategies in making this assessment. For the years ended December 31, 2017 and 2016, management believes a valuation allowance on the deferred tax asset is not necessary based on the current and future projected earnings of the Company. The Company has no ASC 740-10 unrecognized tax benefits recorded as of December 31, 2017 and 2016 and does not expect the total amount of unrecognized tax benefits to significantly increase within the next 12 months. The Company and its subsidiary bank are subject to income tax by federal, state and local government taxing authorities. The Company’s tax returns for the years ended December 31, 2014 through 2017 remain subject to examination for U.S. federal income tax authorities. The years open to examination by state and local government authorities vary by jurisdiction. The Company has unvested stock-based compensation awards outstanding at December 31, 2017, including stock options, restricted stock and performance stock units. The strike prices for options range from $18.09 to $34.16, with a large portion of the awards having strike prices of $20.00. The restricted stock vest over a range of 1-3 year period. The performance stock units cliff vest over a range of 2-3 years and the number of shares issued is determined by the final performance results. Depending on the movement in our stock price, these stock-based compensation awards may create either an excess tax benefit or tax deficiency depending on the relationship between the fair value at the time of vesting or exercise and the estimated fair value recorded at the time of grant. During 2017 and 2016, the Company recorded $4.2 million and $2.1 million, respectively, of excess tax benefit related to the settlement of awards during the period as a component of income tax expense in the consolidated statements of operations. During 2015, the Company recorded a tax deficiency of $3.7 million in income tax expense resulting from expired or exercised awards. As of December 31, 2017, the Company had a $3.1 million deferred tax asset related to stock-based compensation, $2.3 million of which is associated with executive officers still employed by the Company. |
Derivatives
Derivatives | 12 Months Ended |
Dec. 31, 2017 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivatives | Note 20 Derivatives Risk management objective of using derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company has established policies that neither carrying value nor fair value at risk should exceed established guidelines. The Company has designed strategies to confine these risks within the established limits and identify appropriate trade-offs in the financial structure of its balance sheet. These strategies include the use of derivative financial instruments to help achieve the desired balance sheet repricing structure while meeting the desired objectives of its clients. Currently the Company employs certain interest rate swaps that are designated as fair value hedges as well as economic hedges. The Company manages a matched book with respect to its derivative instruments in order to minimize its net risk exposure resulting from such transactions. Fair values of derivative instruments on the balance sheet The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated statements of financial condition as of December 31, 2017 and 2016. Information about the valuation methods used to measure fair value is provided in note 22. Asset derivatives fair value Liability derivatives fair value Balance Sheet December 31, December 31, Balance Sheet December 31, December 31, location 2017 2016 location 2017 2016 Derivatives designated as hedging instruments: Interest rate products Other assets $ 10,489 $ 9,528 Other liabilities $ 1,167 $ 1,381 Total derivatives designated as hedging instruments $ 10,489 $ 9,528 $ 1,167 $ 1,381 Derivatives not designated as hedging instruments: Interest rate products Other assets $ 2,483 $ 1,900 Other liabilities $ 2,584 $ 1,898 Interest rate lock commitments Other assets 128 149 Other liabilities — 6 Forward contracts Other assets 5 138 Other liabilities 7 20 Total derivatives not designated as hedging instruments $ 2,616 $ 2,187 $ 2,591 $ 1,924 Fair value hedges Interest rate swaps designated as fair value hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without the exchange of the underlying notional amount. As of December 31, 2017, the Company had 61 interest rate swaps with a notional amount of $417.7 million that were designated as fair value hedges of interest rate risk associated with the Company’s fixed-rate loans. The Company had 42 outstanding interest rate swaps with a notional amount of $313.0 million that were designated as fair value hedges as of December 31, 2016. For derivatives designated and that qualify as fair value hedges, the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in earnings. The Company includes the gain or loss on the hedged items in the same line item as the offsetting loss or gain on the related derivatives. During 2017, the Company recognized a net loss of $995 thousand in non-interest income related to hedge ineffectiveness. During 2016, the Company recognized a net gain of $293 thousand in non-interest income related to hedge ineffectiveness. Non-designated hedges Derivatives not designated as hedges are not speculative and consist of interest rate swaps with commercial banking clients that facilitate their respective risk management strategies. Interest rate swaps are simultaneously hedged by offsetting interest rate swaps that the Company executes with a third party, such that the Company minimizes its net risk exposure resulting from such transactions. As the interest rate swaps associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the client swaps and the offsetting swaps are recognized directly in earnings. As of December 31, 2017, the Company had 44 matched interest rate swap transactions with an aggregate notional amount of $202.2 million related to this program. As of December 31, 2016, the Company had 36 matched interest rate swap transactions with an aggregate notional amount of $132.6 million related to this program. As part of its mortgage banking activities, the Company enters into interest rate lock commitments, which are commitments to originate loans where the interest rate on the loan is determined prior to funding and the customers have locked into that interest rate. The Company then locks in the loan and interest rate with an investor and commits to deliver the loan if settlement occurs ("best efforts") or commits to deliver the locked loan in a binding ("mandatory") delivery program with an investor. Fair value changes of certain loans under interest rate lock commitments are hedged with forward sales contracts of MBS. Forward sales contracts of MBS are recorded at fair value with changes in fair value recorded in non-interest income. Interest rate lock commitments and commitments to deliver loans to investors are considered derivatives. The market value of interest rate lock commitments and best efforts contracts are not readily ascertainable with precision because they are not actively traded in stand-alone markets. The Company determines the fair value of interest rate lock commitments and delivery contracts by measuring the fair value of the underlying asset, which is impacted by current interest rates, taking into consideration the probability that the interest rate lock commitments will close or will be funded. Certain additional risks arise from these forward delivery contracts in that the counterparties to the contracts may not be able to meet the terms of the contracts. The Company does not expect any counterparty to any MBS contract to fail to meet its obligation. Additional risks inherent in mandatory delivery programs include the risk that, if the Company fails to deliver the loans subject to interest rate risk lock commitments, it will still be obligated to “pair off” MBS to the counterparty. Should this be required, the Company could incur significant costs in acquiring replacement loans and such costs could have an adverse effect on the consolidated financial statements. The fair value of the mortgage banking derivative is recorded as a freestanding asset or liability with the change in value being recognized in current earnings during the period of change. The Company had 31 interest rate lock commitments with a notional value of $8.0 million and six forward contracts with a notional value of $9.0 million at December 31, 2017. The Company had 78 interest rate lock commitments with a notional value of $13.8 million and 11 forward contracts with a notional value of $11.8 million at December 31, 2016. Effect of derivative instruments on the consolidated statements of operations The tables below present the effect of the Company’s derivative financial instruments in the consolidated statements of operations for 2017 and 2016: Location of gain (loss) Amount of gain or (loss) recognized in income on derivatives Derivatives in fair value recognized in income on For the years ended December 31, hedging relationships derivatives 2017 2016 Interest rate products Other non-interest income $ 1,177 $ 8,183 Total $ 1,177 $ 8,183 Location of gain (loss) Amount of gain or (loss) recognized in income on hedged items recognized in income on For the years ended December 31, Hedged items hedged items 2017 2016 Interest rate products Other non-interest income $ (2,172) $ (7,890) Total $ (2,172) $ (7,890) Location of gain (loss) Amount of gain or (loss) recognized in income on derivatives Derivatives not designated recognized in income on For the years ended December 31, as hedging instruments derivatives 2017 2016 Interest rate products Other non-interest expense $ 104 $ 129 Interest rate lock commitments Gain on sale of mortgages, net (13) 142 Forward contracts Gain on sale of mortgages, net (120) 118 Total $ (29) $ 389 Credit-risk-related contingent features The Company has agreements with its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness for reasons other than an error or omission of an administrative or operational nature, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. The Company also has agreements with certain of its derivative counterparties that contain a provision where if the Company fails to maintain its status as a well/adequately capitalized institution, then the counterparty has the right to terminate the derivative positions and the Company would be required to settle its obligations under the agreements. As of December 31, 2017, the termination value of derivatives in a net liability position related to these agreements was $0.5 million, which includes accrued interest but excludes any adjustment for nonperformance risk. The Company has minimum collateral posting thresholds with certain of its derivative counterparties and as of December 31, 2017, the Company had posted $0.5 million in eligible collateral. If the Company had breached any of these provisions at December 31, 2017, it could have been required to settle its obligations under the agreements at the termination value. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Note 21 Commitments and Contingencies In the normal course of business, the Company enters into various off-balance sheet commitments to help meet the financing needs of clients. These financial instruments include commitments to extend credit, commercial and consumer lines of credit and standby letters of credit. The same credit policies are applied to these commitments as the loans on the consolidated statements of financial condition; however, these commitments involve varying degrees of credit risk in excess of the amount recognized in the consolidated statements of financial condition. At December 31, 2017 and 2016, the Company had loan commitments totaling $680.8 million and $602.2 million, respectively, and standby letters of credit that totaled $7.2 million and $13.5 million, respectively. The total amounts of unused commitments do not necessarily represent future credit exposure or cash requirements, as commitments often expire without being drawn upon. However, the contractual amount of these commitments, offset by any additional collateral pledged, represents the Company’s potential credit loss exposure. Total unfunded commitments at December 31, 2017 and 2016 were as follows: December 31, 2017 December 31, 2016 Commitments to fund loans $ 181,904 $ 149,391 Unfunded commitments under lines of credit 498,857 452,851 Commercial and standby letters of credit 7,185 13,532 Total unfunded commitments $ 687,946 $ 615,774 Commitments to fund loans —Commitments to fund loans are legally binding agreements to lend to clients in accordance with predetermined contractual provisions providing there have been no violations of any conditions specified in the contract. These commitments are generally at variable interest rates and are for specific periods or contain termination clauses and may require the payment of a fee. The total amounts of unused commitments are not necessarily representative of future credit exposure or cash requirements, as commitments often expire without being drawn upon. Unfunded commitments under lines of credit —In the ordinary course of business, the Company extends revolving credit to its clients. These arrangements may require the payment of a fee. Commercial and standby letters of credit —As a provider of financial services, the Company routinely issues commercial and standby letters of credit, which may be financial standby letters of credit or performance standby letters of credit. These are various forms of “back-up” commitments to guarantee the performance of a client to a third party. While these arrangements represent a potential cash outlay for the Company, the majority of these letters of credit will expire without being drawn upon. Letters of credit are subject to the same underwriting and credit approval process as traditional loans, and as such, many of them have various forms of collateral securing the commitment, which may include real estate, personal property, receivables or marketable securities. Contingencies In the ordinary course of business, the Company and the Bank may be subject to litigation. Based upon the available information and advice from the Company’s legal counsel, management does not believe that any potential, threatened or pending litigation to which it is a party will have a material adverse effect on the Company’s liquidity, financial condition or results of operations. |
Fair Value Measurements
Fair Value Measurements | 12 Months Ended |
Dec. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | Note 22 Fair Value Measurements 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 defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at 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 are defined as follows: · Level 1—Includes assets or liabilities in which the inputs to the valuation methodologies are based on unadjusted quoted prices in active markets for identical assets or liabilities. · Level 2—Includes assets or liabilities in which the inputs to the valuation methodologies are based on similar assets or liabilities in inactive markets, quoted prices for identical or similar assets or liabilities in inactive markets, and inputs other than quoted prices that are observable, such as interest rates, yield curves, volatilities, prepayment speeds, and other inputs obtained from observable market input. · Level 3—Includes assets or liabilities in which the inputs to the valuation methodology are based on at least one significant assumption that is not observable in the marketplace. These valuations may rely on management’s judgment and may include internally-developed model-based valuation techniques. Level 1 inputs are considered to be the most transparent and reliable and level 3 inputs are considered to be the least 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 observability of these quotations. Changes in the valuation inputs used for measuring the fair value of financial instruments may occur due to changes in current market conditions or other factors. Such changes may necessitate a transfer of the financial instruments to another level in the hierarchy based on the new inputs used. The Company recognizes these transfers at the end of the reporting period that the transfer occurs. During 2017 and 2016, there were no transfers of financial instruments between the hierarchy levels. 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 valuation hierarchy: Fair Value of Financial Instruments Measured on a Recurring Basis Investment securities available-for-sale —Investment securities available-for-sale 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. At December 31, 2017 and 2016, the Company did not hold any level 1 securities. When quoted market prices in active markets for identical assets or liabilities are not available, quoted prices of securities with similar characteristics, discounted cash flows or other pricing characteristics are used to estimate fair values and the securities are then classified as level 2. Loans held for sale —The Company has elected to record loans originated and intended for sale in the secondary market at estimated fair value. The Company estimates fair value based on quoted market prices for similar loans in the secondary market and is classified as level 2. Interest rate swap derivatives —The Company's derivative instruments are limited to interest rate swaps that may be accounted for as fair value hedges or non-designated hedges. The fair values of the swaps incorporate credit valuation adjustments in order to appropriately reflect nonperformance risk in the fair value measurements. The credit valuation adjustment is the dollar amount of the fair value adjustment related to credit risk and utilizes a probability weighted calculation to quantify the potential loss over the life of the trade. The credit valuation adjustments are calculated by determining the total expected exposure of the derivatives (which incorporates both the current and potential future exposure) and then applying the respective counterparties’ credit spreads to the exposure offset by marketable collateral posted, if any. Certain derivative transactions are executed with counterparties who are large financial institutions ("dealers"). International Swaps and Derivative Association Master Agreements ("ISDA") and Credit Support Annexes ("CSA") are employed for all contracts with dealers. These contracts contain bilateral collateral arrangements. The fair value inputs of these financial instruments are determined using discounted cash flow analysis through the use of third-party models whose significant inputs are readily observable market parameters, primarily yield curves, with appropriate adjustments for liquidity and credit risk, and are classified as level 2. Mortgage banking derivatives —The Company relies on a third-party pricing service to value its mortgage banking derivative financial assets and liabilities, which the Company classifies as a level 3 valuation. The external valuation model to estimate the fair value of its interest rate lock commitments to originate residential mortgage loans held for sale includes grouping the interest rate lock commitments by interest rate and terms, applying an estimated pull-through rate based on historical experience, and then multiplying by quoted investor prices determined to be reasonably applicable to the loan commitment groups based on interest rate, terms, and rate lock expiration dates of the loan commitment groups. The Company also relies on an external valuation model to estimate the fair value of its forward commitments to sell residential mortgage loans (i.e., an estimate of what the Company would receive or pay to terminate the forward delivery contract based on market prices for similar financial instruments), which includes matching specific terms and maturities of the forward commitments against applicable investor pricing. The tables below present the financial instruments measured at fair value on a recurring basis as of December 31, 2017 and 2016, on the consolidated statements of financial condition utilizing the hierarchy structure described above: December 31, 2017 Level 1 Level 2 Level 3 Total Assets: Investment securities available-for-sale: Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ — $ 168,648 $ — $ 168,648 Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises — 685,230 — 685,230 Municipal securities — 829 — 829 Loans held for sale — 4,629 — 4,629 Interest rate swap derivatives — 12,972 — 12,972 Mortgage banking derivatives — — 133 Total assets at fair value $ — $ 872,308 $ 133 $ 872,441 Liabilities: Interest rate swap derivatives $ — $ 3,751 $ — $ 3,751 Mortgage banking derivatives — — 7 Total liabilities at fair value $ — $ 3,751 $ 7 $ 3,758 December 31, 2016 Level 1 Level 2 Level 3 Total Assets: Investment securities available-for-sale: Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ — $ 227,160 $ — $ 227,160 Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises — 652,739 — 652,739 Municipal securities — 3,648 — 3,648 Loans held for sale — 24,187 — 24,187 Interest rate swap derivatives — 11,428 — 11,428 Mortgage banking derivatives — — 287 Total assets at fair value $ — $ 919,162 $ 287 $ 919,449 Liabilities: Interest rate swap derivatives $ — $ 3,279 $ — $ 3,279 Mortgage banking derivatives — — 26 Total liabilities at fair value $ — $ 3,279 $ 26 $ 3,305 The table below details the changes in level 3 financial instruments during 2017: Mortgage banking derivatives, net Balance at December 31, 2016 $ 261 Loss included in earnings, net (135) Net change in Level 3 (135) Balance at December 31, 2017 $ Fair Value of Financial Instruments Measured on a Non-recurring Basis Certain assets may be recorded at fair value on a non-recurring basis as conditions warrant. These non-recurring fair value measurements typically result from the application of lower of cost or fair value accounting or a write-down occurring during the period. The Company records collateral dependent loans that are considered to be impaired at their estimated fair value. A loan is considered impaired when it is probable that the Company will be unable to collect all contractual amounts due in accordance with the terms of the loan agreement. Collateral dependent impaired loans are measured based on the fair value of the collateral. The Company relies on third-party appraisals and internal assessments, utilizing a discount rate in the range of 0% - 25%, in determining the estimated fair values of these loans. The inputs used to determine the fair values of loans are considered level 3 inputs in the fair value hierarchy. At December 31, 2017, the Company measured seven loans not accounted for under ASC 310-30 at fair value on a non-recurring basis with a carrying balance of $7.1 million and specific reserve balance of $1.5 million. At December 31, 2016, the Company measured three loans not accounted for under ASC 310-30 at fair value on a non-recurring basis with a carrying balance of $10.5 million and a specific reserve balance of $2.4 million. OREO is recorded at the lower of the cost basis or the fair value of the collateral less estimated selling costs. The estimated fair values of OREO are updated periodically and further write-downs may be taken to reflect a new basis. The Company recognized $0.8 million and $0.3 million of OREO impairments in its consolidated statements of operations during 2017 and 2016, respectively. The fair values of OREO are derived from third party price opinions or appraisals that generally use an income approach or a market value approach. If reasonable comparable appraisals are not available, then the Company may use internally developed models to determine fair values. The inputs used to determine the fair values of OREO are considered level 3 inputs in the fair value hierarchy. The Company may be required to record fair value adjustments on other available-for-sale and municipal securities valued at par on a non-recurring basis. The tables below provide information regarding the assets recorded at fair value on a non-recurring basis at December 31, 2017 and 2016: December 31, 2017 Total Losses from fair value changes Other real estate owned $ 10,491 $ 766 Impaired loans 30,873 11,099 December 31, 2016 Total Losses from fair value changes Other real estate owned $ 15,662 $ 154 Impaired loans 38,282 15,200 The Company did not record any liabilities measured at fair value on a non-recurring basis during 2017 and 2016. |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 12 Months Ended |
Dec. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Instruments | Note 23 Fair Value of Financial Instruments The fair value of a financial instrument is the amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is determined based upon quoted market prices to the extent possible; however, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques that may be significantly impacted by the assumptions used, including the discount rate and estimates of future cash flows. Changes in any of these assumptions could significantly affect the fair value estimates. The fair value of the financial instruments listed below does not reflect a premium or discount that could result from offering all of the Company’s holdings of financial instruments at one time, nor does it reflect the underlying value of the Company, as ASC Topic 825 excludes certain financial instruments and all non-financial instruments from its disclosure requirements. The fair value of financial instruments at December 31, 2017 and 2016, including methods and assumptions utilized for determining fair value of financial instruments, are set forth below: Level in fair value December 31, 2017 December 31, 2016 measurement Carrying Estimated Carrying Estimated hierarchy amount fair value amount fair value ASSETS Cash and cash equivalents Level 1 $ 257,364 $ 257,364 $ 152,736 $ 152,736 Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale Level 2 168,648 168,648 227,160 227,160 Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale Level 2 685,230 685,230 652,739 652,739 Municipal securities Level 2 829 829 3,648 3,648 Municipal securities Level 3 219 219 265 265 Other available-for-sale securities Level 3 419 419 419 419 Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity Level 2 204,352 204,048 263,411 264,862 Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity Level 2 54,378 52,723 69,094 67,711 Non-marketable securities Level 2 15,030 15,030 14,949 14,949 Loans receivable Level 3 3,178,947 3,167,508 2,860,921 2,879,860 Loans held for sale Level 2 4,629 4,629 24,187 24,187 Accrued interest receivable Level 2 14,255 14,255 12,562 12,562 Interest rate swap derivatives Level 2 12,972 12,972 11,428 11,428 Mortgage banking derivatives Level 3 287 287 LIABILITIES Deposit transaction accounts Level 2 2,861,509 2,861,509 2,696,603 2,696,603 Time deposits Level 2 1,118,050 1,118,050 1,172,046 1,172,046 Securities sold under agreements to repurchase Level 2 130,463 130,463 92,011 92,011 Federal Home Loan Bank advances Level 2 129,115 130,300 38,665 39,324 Accrued interest payable Level 2 5,776 5,776 4,973 4,973 Interest rate swap derivatives Level 2 3,751 3,751 3,279 3,279 Mortgage banking derivatives Level 3 187 187 Cash and cash equivalents Cash and cash equivalents have a short-term nature and the estimated fair value is equal to the carrying value. Investment securities The estimated fair value of investment securities is based on quoted market prices or bid quotations received from securities dealers. Other investment securities, including securities that are held for regulatory purposes are carried at cost, less any other than temporary impairment. Loans receivable The estimated fair value of the loan portfolio is estimated using a discounted cash flow analysis using a discount rate based on interest rates offered at the respective measurement dates for loans with similar terms to borrowers of similar credit quality. The allowance for loan losses is considered a reasonable estimate of any required adjustment to fair value to reflect the impact of credit risk. The estimates of fair value do not incorporate the exit-price concept prescribed by ASC Topic 820, Fair Value Measurements and Disclosures . Loans held-for-sale Loans held-for-sale are carried at an estimated fair value. The portfolio consists primarily of fixed rate residential mortgage loans that are sold within 45 days. The estimated fair value is based on quoted market prices for similar loans in the secondary market and is classified as level 2. Accrued interest receivable Accrued interest receivable is of a short-term nature and the estimated fair value is equal to the carrying value. Deposits The estimated fair value of deposits with no stated maturity, such as non-interest bearing demand deposits, savings, NOW accounts, and money market accounts, is equal to the amount payable on demand. The fair value of interest-bearing time deposits is based on the discounted value of contractual cash flows of such deposits, taking into account the option for early withdrawal. The discount rate is estimated using the rates offered by the Company, at the respective measurement dates, for deposits of similar remaining maturities. The fair value of time deposits has a floor equal to the carrying value as the amount payable on demand would approximate the carrying value. Derivative assets and liabilities Fair values for derivative assets and liabilities are fully described in note 20 of the consolidated financial statements. Securities sold under agreements to repurchase The vast majority of the Company’s repurchase agreements are overnight transactions that mature the day after the transaction, and as a result of this short-term nature, the estimated fair value is equal to the carrying value. Accrued interest payable Accrued interest payable is of a short-term nature and the estimated fair value is equal to the carrying value. |
Subsequent Event
Subsequent Event | 12 Months Ended |
Dec. 31, 2017 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 24 Subsequent Events On January 1, 2018, the Company completed its acquisition of Peoples, Inc., the bank holding company of Colorado-based Peoples National Bank and Kansas-based Peoples Bank. Immediately following the completion of the acquisition, Peoples National Bank and Peoples Bank merged into NBH Bank. Pursuant to the merger agreement executed in June 2017, the Company paid $36.2 million of cash consideration and 3,398,477 shares of the Company’s Class A common stock in exchange for all of the outstanding common stock of Peoples. Cash paid included $10.0 million placed in escrow for certain potential liabilities the Company is indemnified for pursuant to the merger agreement. The cash paid is included in cash and due from banks in the Company’s consolidated statements of financial condition at December 31, 2017. The transaction has a value of $146.4 million in the aggregate, based on the Company’s closing price of $32.43 on the acquisition date. Acquisition related costs of $2.7 million were included in the Company’s consolidated statements of operations for the year ended December 31, 2017. The Company determined that this acquisition constitutes a business combination as defined in ASC Topic 805, Business Combinations . Accordingly, as of the date of the acquisition, the Company recorded the assets acquired and liabilities assumed at fair value. The Company determined fair values in accordance with the guidance provided in ASC Topic 820, Fair Value Measurements and Disclosures . Fair value is established by discounting the expected future cash flows with a market discount rate for like maturities and risk instruments. The estimation of expected future cash flows, market conditions and other future events and actual results could differ materially. The determination of the fair values of fixed assets, loans, OREO, core deposit intangible, mortgage servicing rights and mortgage repurchase reserve involves a high degree of judgment and complexity. The Company has made the determination of provisional fair values using the best information available at the time; however, purchase accounting is not complete and the assumptions used are subject to change and, if changed, could have a material effect on the Company's financial position and results of operations. The table below summarizes the provisional net assets acquired (at fair value) and consideration transferred in connection with the Peoples acquisition: Assets: Cash and due from banks $ 105,173 Investment securities available-for-sale 118,553 Non-marketable securities 4,846 Loans 544,233 Loans held for sale 54,260 Other real estate owned 1,436 Premises and equipment 17,931 Core deposit intangible asset 9,839 Mortgage servicing rights 4,233 Other assets 15,740 Total assets acquired $ 876,244 Liabilities: Total deposits 729,911 Other liabilities 55,973 Total liabilities assumed $ 785,884 Identifiable net assets acquired $ 90,360 Consideration: NBHC common stock paid at January 1, 2018, closing price of $32.43 $ 110,213 Cash 36,189 Total $ 146,402 Estimated goodwill created $ 56,042 In connection with the Peoples acquisition, the Company estimates it will record $56.0 million of goodwill, a $9.8 million core deposit intangible asset, a $4.2 million mortgage servicing rights intangible asset and a $3.8 million mortgage repurchase reserve, included in other liabilities. The core deposit intangible will be amortized straight-line over ten years and the mortgage servicing rights intangible is amortized in proportion to and over the period of the estimated net servicing income. The following unaudited pro forma information combines the historical results of Peoples and the Company. The unaudited pro forma financial information does not include the potential impacts of possible business model changes, current market conditions, revenue enhancements, expense efficiencies, or other factors. The unaudited pro forma information below reflects adjustments made to exclude acquisition-related expenses of the Company and Peoples of $13.1 million during the year ended 2017, estimated amortization and accretion of purchase discounts and premiums of $0.9 million and $0.9 million and estimated amortization of acquired identifiable intangibles of $1.1 million and $1.1 million during the years ended December 31, 2017 and 2016, respectively. The unaudited pro forma information is theoretical in nature and not necessarily indicative of future consolidated results of operations of the Company or the consolidated results of operations which would have resulted had the Company acquired Peoples during the periods presented. If the Peoples acquisition had been completed on January 1, 2016, unaudited pro forma total revenue for the Company would have been approximately $263.0 million and $268.1 million for the years ended December 31, 2017 and 2016, respectively. Unaudited pro forma net income for the Company would have been approximately $22.6 million and $34.7 million, respectively, for the same periods. Unaudited pro forma basic and dilutive earnings per share for the Company would have been $0.75 and $0.73 for the year ended December 31, 2017, respectively, and $1.09 and $1.07 for the year ended December 31, 2016, respectively. |
Parent Company Only Financial S
Parent Company Only Financial Statements | 12 Months Ended |
Dec. 31, 2017 | |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |
Parent Company Only Financial Statements | Note 25 Parent Company Only Financial Statements Parent company only financial information for National Bank Holdings Corporation is summarized as follows: Condensed Statements of Financial Condition December 31, 2017 December 31, 2016 ASSETS Cash and cash equivalents $ 73,873 $ 64,691 Investment in subsidiaries 444,445 455,120 Other assets 14,414 16,996 Total assets $ 532,732 $ 536,807 LIABILITIES AND STOCKHOLDERS’ EQUITY Other liabilities $ 325 $ 618 Total liabilities 325 618 Shareholders’ equity 532,407 536,189 Total liabilities and shareholders’ equity $ 532,732 $ 536,807 Condensed Statements of Operations For the years ended December 31, 2017 2016 2015 Income Interest income $ 45 $ 24 $ — Undistributed equity from subsidiaries (11,192) (129,956) (74,131) Distributions from subsidiaries 28,903 155,353 86,000 Other income — — 1,048 Total income 17,756 25,421 12,917 Expenses Salaries and benefits 3,680 3,529 3,349 Other expenses 3,587 3,578 3,597 Total expenses 7,267 7,107 6,946 Income before income taxes 10,489 18,314 5,971 Income tax (benefit) expense (4,090) (4,746) 1,090 Net income $ 14,579 $ 23,060 $ 4,881 Condensed Statements of Cash Flows For the years ended December 31, 2017 2016 2015 Cash flows from operating activities: Net income $ 14,579 $ 23,060 $ 4,881 Undistributed equity from subsidiaries 11,192 (25,388) (11,869) Stock-based compensation expense 3,648 3,492 3,349 Net excess tax (benefit) deficit on stock-based compensation (4,225) (2,078) 3,677 Other 6,680 418 (1,042) Net cash provided by (used in) operating activities 31,874 (496) (1,004) Cash flows from investing activities: Outlay for business combinations — — (9,482) Dividend payment from subsidiary equity — 15,353 — Return of capital from investments in subsidiaries — 140,000 86,000 Net cash provided by investing activities — 155,353 76,518 Cash flows from financing activities: Capital contribution (5,000) — — Issuance of stock under purchase and equity compensation plans (8,395) (6,201) (952) Proceeds from exercise of stock options 104 — 160 Settlement of warrants — — (368) Payment of dividends (9,401) (6,131) (6,711) Repurchase of shares — (93,573) (175,048) Net cash used in financing activities (22,692) (105,905) (182,919) Net increase (decrease) in cash and cash equivalents 9,182 48,952 (107,405) Cash and cash equivalents at beginning of the year 64,691 15,739 123,144 Cash and cash equivalents at end of the year $ 73,873 $ 64,691 $ 15,739 |
Quarterly Results of Operations
Quarterly Results of Operations | 12 Months Ended |
Dec. 31, 2017 | |
Quarterly Financial Information Disclosure [Abstract] | |
Quarterly Results of Operations | Note 26 Quarterly Results of Operations (unaudited) The following is a summary of quarterly results: December 31, 2017 Fourth Third Second First quarter quarter quarter quarter Total Interest and dividend income $ 41,889 $ 42,579 $ 41,213 $ 38,740 $ 164,421 Interest expense 4,976 4,681 4,440 4,018 18,115 Net interest income before provision for loan losses 36,913 37,898 36,773 34,722 146,306 Provision for loan losses 3,272 3,880 4,025 1,795 12,972 Net interest income after provision for loan losses 33,641 34,018 32,748 32,927 133,334 Non-interest income 8,883 9,551 12,075 8,696 39,205 Non-interest expense 34,028 34,605 33,439 34,605 136,677 Income before income taxes 8,496 8,964 11,384 7,018 35,862 Income tax expense (benefit) 18,615 1,733 2,175 (1,240) 21,283 Net (loss) income $ (10,119) $ 7,231 $ 9,209 $ 8,258 $ 14,579 (Loss) income per share-basic $ (0.37) $ 0.27 $ 0.34 $ 0.31 $ 0.54 (Loss) income per share-diluted $ (0.37) $ 0.26 $ 0.33 $ 0.30 $ 0.53 December 31, 2016 Fourth Third Second First quarter quarter quarter quarter Total Interest and dividend income $ 39,658 $ 40,764 $ 38,472 $ 41,554 $ 160,448 Interest expense 3,873 3,700 3,719 3,516 14,808 Net interest income before provision for loan losses 35,785 37,064 34,753 38,038 145,640 Provision for loan losses 1,282 5,293 6,457 10,619 23,651 Net interest income after provision for loan losses 34,503 31,771 28,296 27,419 121,989 Non-interest income 9,992 11,608 10,504 7,923 40,027 Non-interest expense 34,423 33,370 33,314 34,902 136,009 Income before income taxes 10,072 10,009 5,486 440 26,007 Income tax expense 81 1,695 982 189 2,947 Net income $ 9,991 $ 8,314 $ 4,504 $ 251 $ 23,060 Income per share-basic $ 0.38 $ 0.30 $ 0.15 $ 0.01 $ 0.81 Income per share-diluted $ 0.36 $ 0.30 $ 0.15 $ 0.01 $ 0.79 December 31, 2015 Fourth Third Second First quarter quarter quarter quarter Total Interest and dividend income $ 43,492 $ 42,311 $ 42,517 $ 43,087 $ 171,407 Interest expense 3,563 3,629 3,662 3,608 14,462 Net interest income before provision for loan losses 39,929 38,682 38,855 39,479 156,945 Provision for loan losses 5,423 3,710 1,858 1,453 12,444 Net interest income after provision for loan losses 34,506 34,972 36,997 38,026 144,501 Non-interest income 15,419 3,761 2,747 (479) 21,448 Non-interest expense 42,230 38,677 40,393 36,724 158,024 Income (loss) before income taxes 7,695 56 (649) 823 7,925 Income tax expense (benefit) 4,355 (1,580) 692 (423) 3,044 Net income (loss) $ 3,340 $ 1,636 $ (1,341) $ 1,246 $ 4,881 Income (loss) per share-basic $ 0.11 $ 0.05 $ (0.04) $ 0.03 $ 0.14 Income (loss) per share-diluted $ 0.11 $ 0.05 $ (0.04) $ 0.03 $ 0.14 |
Summary of Significant Accoun36
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2017 | |
Accounting Policies [Abstract] | |
Acquisition activities | a) Acquisition activities —The Company accounts for business combinations under the acquisition method of accounting. Assets acquired and liabilities assumed are measured and recorded at fair value at the date of acquisition, including identifiable intangible assets. If the fair value of net assets acquired exceeds the fair value of consideration paid, a bargain purchase gain is recognized at the date of acquisition. Conversely, if the consideration paid exceeds the fair value of the net assets acquired, goodwill is recognized at the acquisition date. Fair values are subject to refinement for up to a maximum of one year after the closing date of an acquisition as information relative to closing date fair values becomes available. Adjustments recorded to the acquired assets and liabilities assumed are applied prospectively in accordance with Accounting Standards Codification (“ASC”) 805, Business Combinations . The determination of the fair value of loans acquired takes into account credit quality deterioration and probability of loss; therefore, the related ALL is not carried forward at the time of acquisition. Identifiable intangible assets are recognized separately if they arise from contractual or other legal rights or if they are separable (i.e., capable of being sold, transferred, licensed, rented, or exchanged separately from the entity). Deposit liabilities and the related depositor relationship intangible assets, known as the core deposit intangible assets, may be exchanged in observable exchange transactions. As a result, the core deposit intangible asset is considered identifiable, because the separability criterion has been met. |
Cash and cash equivalents | b) Cash and cash equivalents —Cash and cash equivalents include cash, cash items, amounts due from other banks, amounts due from the Federal Reserve Bank of Kansas City, federal funds sold, and interest-bearing bank deposits and segregated cash held for the acquisition of Peoples, Inc. Refer to note 24 – Subsequent Events of our consolidated financial statements for additional details related to the acquisition. |
Investment securities | c) Investment securities —Investment securities may be classified in three categories: trading, available-for-sale or held-to-maturity. Management determines the appropriate classification at the time of purchase and reevaluates the classification at each reporting period. Any sales of available-for-sale securities are for the purpose of executing the Company’s asset/liability management strategy, reducing borrowings, funding loan growth, providing liquidity, or eliminating a perceived credit risk in a specific security. Held-to-maturity securities are carried at amortized cost and the available-for-sale securities are carried at estimated fair value. Unrealized gains or losses on securities available-for-sale are reported as accumulated other comprehensive income (loss) (“AOCI”), a component of shareholders’ equity, net of income tax. Gains and losses realized upon sales of securities are calculated using the specific identification method. Premiums and discounts are amortized to interest income over the estimated lives of the securities. Prepayment experience is periodically evaluated and a determination made regarding the appropriate estimate of the future rates of prepayment. When a change in a bond’s estimated remaining life is necessary, a corresponding adjustment is made in the related premium amortization or discount accretion. Purchases and sales of securities, including any corresponding gains or losses, are recognized on a trade-date basis and a receivable or payable is recognized for pending transaction settlements. Management evaluates all investments for OTTI on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. Impairment is considered to be other-than-temporary if it is likely that all amounts contractually due will not be received for debt securities and when there is no positive evidence indicating that an investment’s carrying amount is recoverable in the near term for equity securities. When impairment is considered other-than-temporary, the cost basis of the security is written down to fair value, with the impairment charge related to credit included in earnings, while the impairment charge related to all other factors is recognized in OCI. If the Company has the intent to sell the security or it is more likely than not that the Company will be required to sell the security, the entire amount of the OTTI is recorded in earnings. In evaluating whether the impairment is temporary or other than temporary, the Company considers, among other things, the severity and duration of the unrealized loss position; adverse conditions specifically related to the security; changes in expected future cash flows; downgrades in the rating of the security by a rating agency; the failure of the issuer to make scheduled interest or principal payments; whether the Company has the intent to sell the security; and whether it is more likely than not that the Company will be required to sell the security. |
Non-marketable securities | d) Non-marketable securities —Non-marketable securities include Federal Reserve Bank ("FRB") stock and Federal Home Loan Bank ("FHLB") stock. These securities have been acquired for debt facility or regulatory purposes and are carried at cost. |
Loans receivable | e) Loans receivable— Loans receivable include loans originated by the Company and loans that are acquired through acquisitions. Loans originated by the Company are carried at the principal amount outstanding, net of premiums, discounts, unearned income, and deferred loan fees and costs. Loan fees and certain costs of originating loans are deferred and the net amount is amortized over the contractual life of the related loans. Acquired loans are initially recorded at fair value and are accounted for under either ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality (see additional information below) or ASC Topic 310, Receivables . Non-refundable loan origination and commitment fees, net of direct costs of originating or acquiring loans, and fair value adjustments for acquired loans, are deferred and recognized over the remaining lives of the related loans in accordance with ASC 310-20. Acquired loans are recorded at their estimated fair value at the time of acquisition and accounted for under either ASC 310-30 or ASC 310. Estimated fair values of acquired loans are based on a discounted cash flow methodology that considers various factors including the type of loan and related collateral, the expected timing of cash flows, classification status, fixed or variable interest rate, term of loan and whether or not the loan is amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. Acquired 310-30 loans are grouped together according to similar characteristics such as type of loan, loan purpose, geography, risk rating and underlying collateral and are treated as distinct pools when applying various valuation techniques and, in certain circumstances, for the ongoing monitoring of the credit quality and performance of the pools. Each pool is accounted for as a single loan for which the integrity is maintained throughout the life of the asset. Discounts created when the loans are recorded at their estimated fair values at acquisition are accreted over the remaining term of the loan as an adjustment to the related loan’s yield. Similar to originated loans described below, the accrual of interest income on acquired loans that are not accounted for under ASC 310-30 is discontinued when the collection of principal or interest, in whole or in part, is doubtful. Interest income on acquired loans that are accounted for under ASC Topic 310 and interest income on loans originated by the Company is accrued and credited to income as it is earned using the interest method based on daily balances of the principal amount outstanding. However, interest is generally not accrued on loans 90 days or more past due, unless they are well secured and in the process of collection. Additionally, in certain situations, loans that are not contractually past due may be placed on non-accrual status due to the continued failure to adhere to contractual payment terms by the borrower coupled with other pertinent factors, such as insufficient collateral value or deficient primary and secondary sources of repayment. Accrued interest receivable is reversed when a loan is placed on non-accrual status and payments received generally reduce the carrying value of the loan. Interest is not accrued while a loan is on non-accrual status and interest income is generally recognized on a cash basis only after payment in full of the past due principal and collection of principal outstanding is reasonably assured. A loan may be placed back on accrual status if all contractual payments have been received, or sooner under certain conditions and collection of future principal and interest payments is no longer doubtful. In the event of borrower default, the Company may seek recovery in compliance with state lending laws, the respective loan agreements, and credit monitoring and remediation procedures that may include modifying or restructuring a loan from its original terms, for economic or legal reasons, to provide a concession to the borrower from their original terms due to borrower financial difficulties in order to facilitate repayment. Such restructured loans are considered “troubled debt restructurings” and are identified in accordance with ASC 310-40, Troubled Debt Restructurings by Creditors . Under this guidance, modifications to loans that fall within the scope of ASC 310-30 are not considered troubled debt restructurings, regardless of otherwise meeting the definition of a troubled debt restructuring. Loans receivable accounted for under ASC 310-30 The Company accounts for and evaluates acquired loans in accordance with the provisions of ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality . When loans exhibit evidence of credit deterioration since origination and it is probable at the date of acquisition that the Company will not collect all principal and interest payments in accordance with the terms of the loan agreement, the expected shortfall in future cash flows, as compared to the contractual amount due, is recognized as a non-accretable difference. Any excess of expected cash flows over the acquisition date fair value is known as the accretable yield, and is recognized as accretion income over the life of each pool. Contractual fees not expected to be collected are not included in ASC 310-30 contractual cash flows. Should fees be subsequently collected, the cash flows are accounted for as non 310-30 fee income in the period they are received. Loans that are accounted for under ASC 310-30 that meet the criteria for non-accrual of interest or are accounted for on the cost recovery method at the time of acquisition or subsequent to acquisition, may be considered performing, regardless of whether the client is contractually delinquent, if the timing and expected cash flows on the loan pool in which the loan is included can be otherwise reasonably estimated and if collection of the new carrying value of such pool is expected. The expected cash flows of individual loans accounted for under ASC 310-30 are periodically remeasured utilizing the same cash flow methodology used at the time of acquisition and subsequent decreases to the expected cash flows will generally result in a provision for loan losses charge in the Company’s consolidated statements of operations. Any increases to the loan cash flow projections are recognized within the loan’s respective loan pools on a prospective basis through an increase to the pool’s accretion income over its remaining life once any previously recorded provision expense has been reversed. These cash flow evaluations are inherently subjective as they require material estimates, all of which may be susceptible to significant change. |
Loans held for sale | f) Loans held for sale— The Company has elected to record loans originated and intended for sale in the secondary market at estimated fair value. The Company estimates fair value based on quoted market prices for similar loans in the secondary market. Gains or losses are recognized upon sale and are included as a component of gain on sale of mortgages, net in the consolidated statements of operations. Loans held for sale have primarily been fixed rate single-family residential mortgage loans under contract to be sold in the secondary market. In most cases, loans in this category are sold within 45 days. These loans are generally sold with the mortgage servicing rights released. Under limited circumstances, buyers may have recourse to return a purchased loan to the Company. Recourse conditions may include early payoff, early payment default, breach of representations or warranties, or documentation deficiencies. The Company enters into commitments to originate residential mortgage loans whereby the interest rate on the loan is determined prior to funding (i.e. interest rate lock commitments). Such interest rate lock commitments on mortgage loans to be sold in the secondary market are considered to be derivatives. To protect against the price risk inherent in residential mortgage loan commitments, the Company utilizes both "best efforts" and "mandatory delivery" forward loan sale commitments to mitigate the risk of potential increases or decreases in the values of loans that would result from the change in market rates for such loans. The Company manages the interest rate risk on interest rate lock commitments by entering into forward sale contracts of mortgage backed securities. Such contracts are accounted for as derivatives and are recorded at fair value as derivative assets or liabilities. They are carried on the consolidated statements of financial condition within other assets or other liabilities and changes in fair value are recorded as a component of gain on sale of mortgages, net in the consolidated statements of operations. The gross gains on loan sales are recognized based on new loan commitments with adjustment for price and pair-off activity. Commission expenses on loans held for sale are recognized based on loans closed. |
Allowance for loan losses | g) Allowance for loan losses —The allowance for loan losses represents management’s estimate of probable credit losses inherent in loans, including acquired loans to the extent necessary, as of the balance sheet date. The determination of the ALL takes into consideration, among other matters, the estimated fair value of the underlying collateral, economic conditions, historical net loan losses, the estimated loss emergence period, estimated default rates, any declines in cash flow assumptions from acquisition, loan structures, growth factors and other elements that warrant recognition. In addition, various regulatory agencies, as an integral part of the examination process, periodically review the ALL. Such agencies may require the Company to recognize additions to the ALL or increases to adversely graded classified loans based on their judgments about information available to them at the time of their examinations. The Company uses an internal risk rating system to indicate credit quality in the loan portfolio. The risk rating system is applied to all loans and uses a series of grades, which reflect management’s assessment of the risk attributable to loans based on an analysis of the borrower’s financial condition and ability to meet contractual debt service requirements. Loans that management perceives to have acceptable risk are categorized as “Pass” loans. The “Special Mention” loans represent loans that have potential credit weaknesses that deserve management’s close attention. Special mention loans include borrowers that have potential weaknesses or unwarranted risks that, unless corrected, may threaten the borrower’s ability to meet debt requirements. However, these borrowers are still believed to have the ability to respond to and resolve the financial issues that threaten their financial situation. Loans classified as “Substandard” are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans have a distinct possibility of loss if the deficiencies are not corrected. “Doubtful” loans are loans that management believes the collection of payments in accordance with the terms of the loan agreement is highly questionable and improbable. Loans accounted for under ASC 310-30, despite being 90 days or more past due or internally adversely classified, may be classified as performing upon and subsequent to acquisition, regardless of whether the client is contractually delinquent, if the timing and expected cash flows on the loan pool can be reasonably estimated and if collection of the carrying value of the loan pool loans is reasonably expected. Interest accrual is discontinued on doubtful loans and certain substandard loans that are excluded from ASC 310-30, as is more fully discussed in note 7. The Company routinely evaluates adversely risk-rated credits for impairment. Impairment, if any, is typically measured for each loan based on a thorough analysis of the most probable source of repayment, including the present value of the loan’s expected future cash flows, the loan’s estimated fair value, or the estimated fair value of the underlying collateral less costs of disposition for collateral dependent loans. General allowances are established for loans with similar characteristics. In this process, general allowance factors are based on an analysis of historical loss and recovery experience, if any, related to originated and acquired loans, as well as certain industry experience, with adjustments made for qualitative or environmental factors that are likely to cause estimated credit losses to differ from historical experience. To the extent that the data supporting such factors has limitations, management’s judgment and experience play a key role in determining the allowance estimates. Additions to the ALL are made by provisions for loan losses that are charged to operations. The allowance is decreased by charge-offs due to losses and is increased by provisions for loan losses and recoveries. When it is determined that specific loans, or portions thereof, are uncollectible, these amounts are charged off against the ALL. If repayment of the loan is collateral dependent, the fair value of the collateral, less cost to sell, is used to determine charge-off amounts. The Company maintains an ALL for loans accounted for under ASC 310-30 as a result of impairment to loan pools arising from the periodic re-measurement of these loans. Any impairment in the individual pool is generally recognized in the current period as provision for loan losses. Any improvement in the estimated cash flows, is generally not recognized immediately, but is instead reflected as an adjustment to the related loan pools yield on a prospective basis once any previously recorded impairment has been recaptured. |
Premises and equipment | h) Premises and equipment —With the exception of premises and equipment acquired through business combinations, which are initially measured and recorded at fair value, purchased land is stated at cost, and buildings and equipment are carried at cost, including capitalized interest when appropriate, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful life of the asset. The Company generally assigns depreciable lives of 39 years for buildings, 7 to 15 years for building improvements, and 3 to 7 years for equipment. Leasehold improvements are amortized over the shorter of their estimated useful lives or remaining lease terms. Maintenance and repairs are charged to non-interest expense as incurred. The Company reviews premises and equipment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. An impairment loss is recognized when the sum of the undiscounted future net cash flows expected to result from the use of the asset and its eventual disposal is less than its carrying amount. In the case of a property that is subject to an operating lease that the Company no longer expects to use, a liability is recorded at the cease-use date equal to the remaining lease rentals, adjusted for the effects of any prepaid or deferred items recognized under the lease, and reduced by estimated sublease rentals that could be reasonably obtained for the property, even if the entity does not intend to enter into a sublease. A ratable portion of the sublease allocation is then expensed until the property is subleased. Property and equipment that meet the held-for-sale criteria is recorded at the lower of its carrying amount or fair value less cost to sell and depreciation is ceased. |
Goodwill and intangible assets | i) Goodwill and intangible assets —Goodwill is established and recorded if the consideration given during an acquisition transaction exceeds the fair value of the net assets received. Goodwill has an indefinite useful life and is not amortized, but is evaluated annually for potential impairment, or when events or circumstances indicate that it is more likely than not that the fair value of the reporting unit is less than its carrying amount. Such events or circumstances may include deterioration in general economic conditions, deterioration in industry or market conditions, an increased competitive environment, a decline in market-dependent multiples or metrics, declining financial performance, entity-specific events or circumstances or a sustained decrease in share price (either in absolute terms or relative to peers). If the Company determines, based upon the qualitative assessment, that it is more likely than not that the fair value of the reporting unit is greater than the carrying amount no additional procedures are performed; however, if the Company determines that it is more likely than not that the fair value of the reporting unit is less than the carrying amount the Company will compare the fair value of the reporting unit to its carrying amount. Any excess of the carrying amount over fair value would indicate a potential impairment and the Company would proceed to perform an additional test to determine whether goodwill has been impaired and calculate the amount of that impairment. Intangible assets that have finite useful lives, such as core deposit intangibles, are amortized over their estimated useful lives. The Company’s core deposit intangible assets represent the value of the anticipated future cost savings that will result from the acquired core deposit relationships versus an alternative source of funding. Judgment may be used in assessing goodwill and intangible assets for impairment. Estimates of fair value are based on projections of revenues, operating costs and cash flows of the reporting unit considering historical and anticipated future results, general economic and market conditions, as well as the impact of planned business or operational strategies. The valuations use a combination of present value techniques to measure fair value considering market factors. Additionally, judgment is used in determining the useful lives of finite-lived intangible assets. Adverse changes in the economic environment, operations of the reporting unit, or changes in judgments and projections could result in a significantly different estimate of the fair value of the reporting unit and could result in an impairment of goodwill and/or intangible assets. |
Other real estate owned | j) Other real estate owned —OREO consists of property that has been foreclosed on or repossessed by deed in lieu of foreclosure. The assets are initially recorded at the fair value of the collateral less estimated costs to sell, with any initial valuation adjustments charged to the ALL. Subsequent downward valuation adjustments, if any, in addition to gains and losses realized on sales and net operating expenses, are recorded in non-interest expense, while any subsequent write-ups are recorded in non-interest income. Costs associated with maintaining property, such as utilities and maintenance, are charged to expense in the period in which they occur, while costs relating to the development and improvement of property are capitalized to the extent the balance does not exceed fair value. All OREO acquired through acquisition is recorded at fair value, less cost to sell, at the date of acquisition. |
Bank-owned life insurance | k) Bank-owned life insurance —The Company purchased or acquired bank-owned life insurance ("BOLI") policies on certain associates of the Company. The Company is the owner and beneficiary of these policies. The BOLI is carried at net realizable value with changes in net realizable value recorded in non-interest income. |
Securities purchased under agreements to resell and securities sold under agreements to repurchase | l) Securities purchased under agreements to resell and securities sold under agreements to repurchase —The Company periodically enters into purchases or sales of securities under agreements to resell or repurchase as of a specified future date. The securities purchased under agreements to resell are accounted for as collateralized financing transactions and are reflected as an asset in the consolidated statements of financial condition. The securities pledged by the counterparties are held by a third party custodian and valued daily. The Company may require additional collateral to ensure full collateralization for these transactions. The repurchase agreements are considered financing agreements and the obligation to repurchase assets sold is reflected as a liability in the consolidated statements of financial condition of the Company. The repurchase agreements are collateralized by debt securities that are under the control of the Company. |
Stock-based compensation | m) Stock-based compensation —The Company accounts for stock-based compensation in accordance with ASC Topic 718, Compensation—Stock Compensation as amended by ASU 2016-09, Improvements to Employee Share-Based Payment Accounting . The Company grants stock-based awards including stock options, restricted stock and performance stock units. Stock option grants are for a fixed number of common shares and are issued at exercise prices which are not less than the fair value of a share of stock at the date of grant. The options vest over a time period stated in each option agreement and may be subject to other performance vesting conditions, which require the related compensation expense to be recorded ratably over the requisite service period starting when such conditions become probable. Restricted stock is granted for a fixed number of shares, the transferability of which is restricted until such shares become vested according to the terms in the award agreement. Restricted shares may have multiple vesting qualifications, which can include time vesting of a set portion of the restricted shares and performance criterion, such as market criteria that are tied to specified market conditions of the Company’s common stock price and performance targets tied to the Company’s earnings per share. The fair value of stock options is measured using a Black-Scholes model. The fair value of time-based restricted stock awards and performance stock units with performance based vesting criteria is based on the Company’s stock price on the date of grant. The fair value of performance stock units with market based vesting criteria is measured using a Monte Carlo simulation model. Compensation expense for the portion of the awards that contain performance and service vesting conditions is recognized over the requisite service period based on the fair value of the awards on the grant date. Compensation expense for the portion of the awards that contain a market vesting condition is recognized over the derived service period based on the fair value of the awards on the grant date. The amortization of stock-based compensation reflects any estimated forfeitures, and the expense realized in subsequent periods may be adjusted to reflect the actual forfeitures realized. The outstanding stock options primarily carry a maximum contractual term of ten years. To the extent that any award is forfeited, surrendered, terminated, expires, or lapses without being vested or exercised, the shares of stock subject to such award not delivered as a result thereof are again made available for awards under the Plan. The Company accounts for all excess tax benefits and tax deficiencies (including tax benefits of dividends on share-based payment awards) to be recognized in the consolidated statements of operations as a component of income tax expense or benefit and are classified as an operating activity within the Company’s consolidated statements of cash flows. The tax effects of exercised, expired or vested awards are treated as discrete items in the reporting period in which they occur and may result in increased volatility in our effective tax rate. Cash paid by the Company when directly withholding shares for tax withholding purposes is classified as a financing activity in the consolidated statements of cash flows. Prior to the Company’s adoption of ASU 2016-09 during 2016, excess tax benefits were recognized in additional paid-in capital and tax deficiencies were recognized either as an offset to accumulated excess tax benefits, if any, or in the consolidated statements of operations. Excess tax benefits were not recognized until the deduction reduced taxes payable. |
Warrants | n) Warrants —The Company issued warrants to certain lead investors in 2009 and 2010. During 2015, the outstanding warrant contracts were modified and recorded at fair value as of the modification date using a Black-Scholes model with the change in fair value reported in the statement of operations as non-interest expense. The awards were classified as equity in the Company’s consolidated statements of financial condition. Prior to the modification, the exercise price and the number of warrants were subject to certain down-round provisions, whereby certain subsequent equity issuances at a price below the existing exercise price would result in a downward adjustment to the exercise price and an increase in the number of warrants, and as a result, the warrants were historically classified as a liability in the Company’s consolidated statements of financial condition with changes in the fair value each period reported in the statements of operations as non-interest expense. During the first quarter of 2017, the remaining issued warrants were exercised in a non-cash transaction. Refer to the consolidated statements of changes in shareholders’ equity for additional details. |
Income taxes | o) Income taxes —The Company and its subsidiaries file U.S. federal and certain state income tax returns on a consolidated basis. Additionally, the Company and its subsidiaries file separate state income tax returns with various state jurisdictions. The provision for income taxes includes the income tax balances of the Company and all of its subsidiaries. Deferred tax assets and liabilities are recognized for temporary differences between the financial reporting basis and the tax basis of the Company’s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled. Deferred tax assets and liabilities are adjusted for the effects of changes in tax rates in the period of change. The Company establishes a valuation allowance when management believes, based on the weight of available evidence, it is more likely than not that some portion of the deferred tax assets will not be realized. The Company recognizes and measures income tax benefits based upon a two-step model: 1) a tax position must be more likely than not to be sustained based solely on its technical merits in order to be recognized; and 2) the benefit is measured as the largest dollar amount of that position that is more likely than not to be sustained upon settlement. The difference between the benefit recognized for a position in this model and the tax benefit claimed on a tax return is treated as an unrecognized tax benefit. The Company recognizes income tax related interest and penalties in other non-interest expense. |
Income per share | p) Income per share —The Company applies the two-class method of computing income per share as certain of the Company's restricted shares are entitled to non-forfeitable dividends and are therefore considered to be a class of participating securities. The two-class method allocates income according to dividends declared and participation rights in undistributed income. Basic income per share is computed by dividing income allocated to common shareholders by the weighted average number of common shares outstanding during each period. Diluted income per common share is computed by dividing income allocated to common shareholders by the weighted average common shares outstanding during the period, plus amounts representing the dilutive effect of stock options outstanding, certain unvested restricted shares, warrants to issue common stock, or other contracts to issue common shares (“common stock equivalents”) using the treasury stock method. Common stock equivalents are excluded from the computation of diluted earnings per common share in periods in which they have an anti-dilutive effect. |
Derivatives | q) Interest Rate Swap Derivatives —The Company carries all derivatives on the statement of financial condition at fair value. All derivative instruments are recognized as either assets or liabilities depending on the rights or obligations under the contracts. All gains and losses on the derivatives due to changes in fair value are recognized in earnings each period. The Company offers interest rate swap products to certain of its clients to manage potential changes in interest rates. Each contract between the Company and a client is offset with a contract between the Company and an institutional counterparty, thus minimizing the Company's exposure to rate changes. The Company's portfolio consists of a “matched book,” and as such, changes in fair value of the swap pairs will largely offset in earnings. In accordance with applicable accounting guidance, if certain conditions are met, a derivative may be designated as (1) a hedge of the exposure to changes in the fair value of a recognized asset or liability, or of an unrecognized firm commitment, that are attributable to a particular risk (referred to as a fair value hedge) or (2) a hedge of the exposure to variability in the cash flows of a recognized asset or liability, or of a forecasted transaction, that is attributable to a particular risk (referred to as a cash flow hedge). The Company documents all hedging relationships at the inception of each hedging relationship and uses industry accepted methodologies and ranges to determine the effectiveness of each hedge. The fair value of the hedged item is calculated using the estimated future cash flows of the hedged item and applying discount rates equal to the market interest rate for the hedged item at the inception of the hedging relationship (inception benchmark interest rate plus an inception credit spread), adjusted for changes in the designated benchmark interest rate thereafter. |
Treasury stock | r) Treasury stock —When the Company acquires treasury stock, the sum of the consideration paid and direct transaction costs after tax is recognized as a deduction from equity. The cost basis for the reissuance of treasury stock is determined using a first-in, first-out basis. To the extent that the reissuance price is more than the cost basis (gain), the excess is recorded as an increase to additional paid-in capital in the consolidated statements of financial condition. If the reissuance price is less than the cost basis (loss), the difference is recorded to additional paid-in capital to the extent there is a cumulative treasury stock paid-in capital balance. Any loss in excess of the cumulative treasury stock paid-in capital balance is charged to retained earnings. |
Investment Securities - (Tables
Investment Securities - (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
Available-for-sale Securities | Available-for-sale securities are summarized as follows as of the dates indicated: December 31, 2017 Amortized Gross Gross cost unrealized gains unrealized losses Fair value Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ 167,269 $ 2,371 $ (992) $ 168,648 Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises 702,107 351 (17,228) 685,230 Municipal securities 1,054 — (6) 1,048 Other securities 419 — — 419 Total investment securities available-for-sale $ 870,849 $ 2,722 $ (18,226) $ 855,345 December 31, 2016 Amortized Gross Gross cost unrealized gains unrealized losses Fair value Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ 223,781 $ 3,909 $ (530) $ 227,160 Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises 666,616 2,124 (16,001) 652,739 Municipal securities 3,921 — (7) 3,914 Other securities 419 — — 419 Total investment securities available-for-sale $ 894,737 $ 6,033 $ (16,538) $ 884,232 |
Summary of unrealized losses for available-for-sale securities | The tables below summarize the available-for-sale securities with unrealized losses as of the dates shown, along with the length of the impairment period: December 31, 2017 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ 62,178 $ (408) $ 36,086 $ (584) $ 98,264 $ (992) Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises 162,346 (830) 412,967 (16,398) 575,313 (17,228) Municipal securities 514 (6) — — 514 (6) Total $ 225,038 $ (1,244) $ 449,053 $ (16,982) $ 674,091 $ (18,226) December 31, 2016 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ 100,898 $ (530) $ — $ — $ 100,898 $ (530) Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises 137,576 (2,976) 385,707 (13,025) 523,283 (16,001) Municipal securities 3,058 (7) — — 3,058 (7) Total $ 241,532 $ (3,513) $ 385,707 $ (13,025) $ 627,239 $ (16,538) |
Held-to-maturity Securities | Held-to-maturity investment securities are summarized as follows as of the dates indicated: December 31, 2017 Gross Gross Amortized unrealized unrealized cost gains losses Fair value Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ 204,352 $ 151 $ (455) $ 204,048 Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises 54,378 — (1,655) 52,723 Total investment securities held-to-maturity $ 258,730 $ 151 $ (2,110) $ 256,771 December 31, 2016 Gross Gross Amortized unrealized unrealized cost gains losses Fair value Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ 263,411 $ 1,685 $ (234) $ 264,862 Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises 69,094 16 (1,399) 67,711 Total investment securities held-to-maturity $ 332,505 $ 1,701 $ (1,633) $ 332,573 |
Summary of unrealized losses for held-to-maturity securities | The tables below summarize the held-to-maturity securities with unrealized losses as of the dates shown, along with the length of the impairment period: December 31, 2017 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ 149,182 $ (220) $ 17,506 $ (235) $ 166,688 $ (455) Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises 6,460 (65) 46,264 (1,590) 52,724 (1,655) Total $ 155,642 $ (285) $ 63,770 $ (1,825) $ 219,412 $ (2,110) December 31, 2016 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized value losses value losses value losses Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ 27,799 $ (234) $ — $ — $ 27,799 $ (234) Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises 26,992 (357) 32,146 (1,042) 59,138 (1,399) Total $ 54,791 $ (591) $ 32,146 $ (1,042) $ 86,937 $ (1,633) |
Loans - (Tables)
Loans - (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Receivables [Abstract] | |
Loan Portfolio Composition Including Carrying Value by Segment of Loans Accounted for under ASC Topic 310-30 and Loans Covered by the FDIC Loss Sharing Agreements | At December 31, 2016, $14.4 million of non 310-30 loans were held-for-sale, most of which were in the residential real estate segment. The sale of these loans was completed in connection with the four banking center divestitures in the second quarter of 2017. December 31, 2017 ASC 310-30 loans Non 310-30 loans Total loans % of total Commercial $ 29,475 $ 1,845,130 $ 1,874,605 Commercial real estate non-owner occupied 77,908 485,141 563,049 Residential real estate 12,759 703,478 716,237 Consumer 481 24,575 25,056 Total $ 120,623 $ 3,058,324 $ 3,178,947 December 31, 2016 ASC 310-30 loans Non 310-30 loans Total loans % of total Commercial $ 39,280 $ 1,521,150 $ 1,560,430 Commercial real estate non-owner occupied 89,150 437,642 526,792 Residential real estate 16,524 728,361 744,885 Consumer 898 27,916 28,814 Total $ 145,852 $ 2,715,069 $ 2,860,921 |
Past Due Financing Receivables | Delinquency for loans excluded from ASC 310-30 is shown in the following tables at December 31, 2017 and 2016: December 31, 2017 Greater Total Loans > 90 30-59 60-89 than 90 non days past days past days past days past Total past 310-30 due and Non- due due due due Current loans still accruing accrual Loans excluded from ASC 310-30: Commercial: Commercial and industrial $ 554 $ 117 $ 1,389 $ 2,060 $ 1,373,962 $ 1,376,022 $ 150 $ 7,767 Owner occupied commercial real estate 696 — 1,983 2,679 270,074 272,753 — 3,478 Agriculture 585 — 701 1,286 137,609 138,895 — 2,003 Energy — — 1,645 1,645 55,815 57,460 — 1,645 Total commercial 1,835 117 5,718 7,670 1,837,460 1,845,130 150 14,893 Commercial real estate non-owner occupied: Construction — — 179 179 107,502 107,681 — 179 Acquisition/development 1,097 — — 1,097 13,318 14,415 — — Multifamily — — — — 26,947 26,947 — — Non-owner occupied 56 — 574 630 335,468 336,098 — 605 Total commercial real estate 1,153 — 753 1,906 483,235 485,141 — 784 Residential real estate: Senior lien 1,167 885 1,396 3,448 643,034 646,482 — 4,724 Junior lien 233 91 41 365 56,631 56,996 — 459 Total residential real estate 1,400 976 1,437 3,813 699,665 703,478 — 5,183 Consumer 157 6 5 168 24,407 24,575 — 140 Total loans excluded from ASC 310-30 $ 4,545 $ 1,099 $ 7,913 $ 13,557 $ 3,044,767 $ 3,058,324 $ 150 $ 21,000 December 31, 2016 Greater Total Loans > 90 30-59 60-89 than 90 non days past days past days past days past Total past 310-30 due and Non- due due due due Current loans still accruing accrual Loans excluded from ASC 310-30: Commercial: Commercial and industrial $ 3,134 $ 4,009 $ 1,078 $ 8,221 $ 1,066,475 $ 1,074,696 $ — $ 8,688 Owner occupied commercial real estate 583 216 56 855 220,689 221,544 — 2,056 Agriculture 501 — — 501 134,136 134,637 — 1,905 Energy 2 — 6,548 6,550 83,723 90,273 — 12,645 Total commercial 4,220 4,225 7,682 16,127 1,505,023 1,521,150 — 25,294 Commercial real estate non-owner occupied: Construction — — — — 90,314 90,314 — — Acquisition/development — — — — 13,306 13,306 — — Multifamily — — — — 24,954 24,954 — — Non-owner occupied — — 28 28 309,040 309,068 — 66 Total commercial real estate — — 28 28 437,614 437,642 — 66 Residential real estate: Senior lien 888 645 1,458 2,991 672,699 675,690 — 4,522 Junior lien 115 61 22 198 52,473 52,671 — 654 Total residential real estate 1,003 706 1,480 3,189 725,172 728,361 — 5,176 Consumer 83 8 — 91 27,825 27,916 — 181 Total loans excluded from ASC 310-30 $ 5,306 $ 4,939 $ 9,190 $ 19,435 $ 2,695,634 $ 2,715,069 $ — $ 30,717 |
Credit Exposure for Loans as Determined by Company's Internal Risk Rating System | Credit exposure for all loans as determined by the Company’s internal risk rating system was as follows at December 31, 2017 and 2016: December 31, 2017 Special Pass mention Substandard Doubtful Total Loans excluded from ASC 310-30: Commercial: Commercial and industrial $ 1,349,116 $ 10,829 $ 14,824 $ 1,253 $ 1,376,022 Owner occupied commercial real estate 250,224 17,030 5,424 75 272,753 Agriculture 118,068 18,824 1,870 133 138,895 Energy 55,814 — 1,646 — 57,460 Total commercial 1,773,222 46,683 23,764 1,461 1,845,130 Commercial real estate non-owner occupied: Construction 107,502 — 179 — 107,681 Acquisition/development 14,415 — — — 14,415 Multifamily 24,817 — 2,130 — 26,947 Non-owner occupied 333,225 1,396 1,477 — 336,098 Total commercial real estate 479,959 1,396 3,786 — 485,141 Residential real estate: Senior lien 641,294 91 5,097 — 646,482 Junior lien 56,172 — 824 — 56,996 Total residential real estate 697,466 91 5,921 — 703,478 Consumer 24,432 1 142 — 24,575 Total loans excluded from ASC 310-30 $ 2,975,079 $ 48,171 $ 33,613 $ 1,461 $ 3,058,324 Loans accounted for under ASC 310-30: Commercial $ 23,954 $ 1,070 $ 4,451 $ — $ 29,475 Commercial real estate non-owner occupied 50,537 883 26,488 — 77,908 Residential real estate 10,072 1,055 1,632 — 12,759 Consumer 327 9 145 — 481 Total loans accounted for under ASC 310-30 $ 84,890 $ 3,017 $ 32,716 $ — $ 120,623 Total loans $ 3,059,969 $ 51,188 $ 66,329 $ 1,461 $ 3,178,947 December 31, 2016 Special Pass mention Substandard Doubtful Total Loans excluded from ASC 310-30: Commercial: Commercial and industrial $ 1,041,326 $ 7,243 $ 25,636 $ 491 $ 1,074,696 Owner occupied commercial real estate 202,036 9,371 10,137 — 221,544 Agriculture 123,809 8,922 1,906 — 134,637 Energy 77,619 — 7,811 4,843 90,273 Total commercial 1,444,790 25,536 45,490 5,334 1,521,150 Commercial real estate non-owner occupied: Construction 90,099 — 215 — 90,314 Acquisition/development 10,758 2,548 — — 13,306 Multifamily 22,495 238 2,221 — 24,954 Non-owner occupied 300,922 5,895 2,251 — 309,068 Total commercial real estate 424,274 8,681 4,687 — 437,642 Residential real estate: Senior lien 669,148 1,215 5,316 11 675,690 Junior lien 51,250 178 1,243 — 52,671 Total residential real estate 720,398 1,393 6,559 11 728,361 Consumer 27,669 59 188 — 27,916 Total loans excluded from ASC 310-30 $ 2,617,131 $ 35,669 $ 56,924 $ 5,345 $ 2,715,069 Loans accounted for under ASC 310-30: Commercial $ 27,436 $ 610 $ 11,234 $ — $ 39,280 Commercial real estate non-owner occupied 38,895 967 45,520 3,768 89,150 Residential real estate 12,477 1,327 2,720 — 16,524 Consumer 721 17 160 — 898 Total loans accounted for under ASC 310-30 $ 79,529 $ 2,921 $ 59,634 $ 3,768 $ 145,852 Total loans $ 2,696,660 $ 38,590 $ 116,558 $ 9,113 $ 2,860,921 |
Schedule Of Impaired Financing Receivable With And Without Related Allowance | Additional information regarding impaired loans at December 31, 2017 and 2016 is set forth in the table below: December 31, 2017 December 31, 2016 Allowance Allowance Unpaid for loan Unpaid for loan principal Recorded losses principal Recorded losses balance investment allocated balance investment allocated With no related allowance recorded: Commercial: Commercial and industrial $ 6,481 $ 5,055 $ — $ 8,671 $ 7,495 $ — Owner occupied commercial real estate 4,186 3,934 — 3,350 3,197 — Agriculture 1,502 1,245 — 2,044 1,987 — Energy 8,661 3,861 — 17,142 6,105 — Total commercial 20,830 14,095 — 31,207 18,784 — Commercial real estate non-owner occupied: Construction 215 179 — — — — Acquisition/development — — — — — — Multifamily 29 29 — 33 33 — Non-owner occupied 901 853 — 394 343 — Total commercial real estate 1,145 1,061 — 427 376 — Residential real estate: Senior lien 333 309 — 1,551 1,426 — Junior lien — — — 54 51 — Total residential real estate 333 309 — 1,605 1,477 — Consumer — — — 4 4 — Total impaired loans with no related allowance recorded $ 22,308 $ 15,465 $ — $ 33,243 $ 20,641 $ — With a related allowance recorded: Commercial: Commercial and industrial $ 7,919 $ 5,339 $ 1,329 $ 3,495 $ 3,464 $ 492 Owner occupied commercial real estate 873 713 4 957 642 2 Agriculture 2,122 2,083 133 — — — Energy — — — 11,216 6,548 1,866 Total commercial 10,914 8,135 1,466 15,668 10,654 2,360 Commercial real estate non-owner occupied: Construction — — — — — — Acquisition/development — — — — — — Multifamily — — — — — — Non-owner occupied 207 200 1 261 255 1 Total commercial real estate 207 200 1 261 255 1 Residential real estate: Senior lien 6,481 5,753 24 5,646 5,016 31 Junior lien 1,295 1,179 8 1,781 1,532 14 Total residential real estate 7,776 6,932 32 7,427 6,548 45 Consumer 146 141 1 188 184 2 Total impaired loans with a related allowance recorded $ 19,043 $ 15,408 $ 1,500 $ 23,544 $ 17,641 $ 2,408 Total impaired loans $ 41,351 $ 30,873 $ 1,500 $ 56,787 $ 38,282 $ 2,408 |
Schedule of Impaired Financing Receivable, Average Recorded Investment and Interest Income Recognized | The table below shows additional information regarding the average recorded investment and interest income recognized on impaired loans for the periods presented: For the years ended December 31, 2017 December 31, 2016 December 31, 2015 Average Interest Average Interest Average Interest With no related allowance recorded: Commercial: Commercial and industrial $ 5,609 $ 152 $ 7,909 $ 252 $ 5,049 $ 266 Owner occupied commercial real estate 4,155 80 3,249 92 2,221 83 Agriculture 1,422 244 1,830 — 1,961 — Energy 8,004 156 12,565 — 5,679 — Total Commercial 19,190 632 25,553 344 14,910 349 Commercial real estate non-owner occupied: Construction — — — — 188 — Acquisition/development — — — — — — Multifamily — — — — — — Non-owner occupied 878 22 368 22 157 — Total commercial real estate 878 22 368 22 345 — Residential real estate: Senior lien 326 — 1,466 19 956 15 Junior lien — — 54 2 113 — Total residential real estate 326 — 1,520 21 1,069 15 Consumer — — 4 — — — Total impaired loans with no related allowance recorded $ 20,394 $ 654 $ 27,445 $ 387 $ 16,324 $ 363 With a related allowance recorded: Commercial: Commercial and industrial $ 7,331 $ — $ 3,545 $ 198 $ 6,273 $ 1 Owner occupied commercial real estate 747 20 703 20 1,230 27 Agriculture 2,092 5 162 5 276 4 Energy — — 10,008 — 3,092 — Total Commercial 10,170 25 14,418 223 10,871 32 Commercial real estate non-owner occupied: Construction 188 — — — — — Acquisition/development — — — — — — Multifamily 30 1 34 2 60 1 Non-owner occupied 213 9 268 13 1,667 48 Total commercial real estate 431 10 302 15 1,727 49 Residential real estate: Senior lien 5,986 67 5,200 88 5,911 119 Junior lien 1,225 42 1,600 56 1,725 51 Total residential real estate 7,211 109 6,800 144 7,636 170 Consumer 163 — 196 — 92 1 Total impaired loans with a related allowance recorded $ 17,975 $ 144 $ 21,716 $ 382 $ 20,326 $ 252 Total impaired loans $ 38,369 $ 798 $ 49,161 $ 769 $ 36,650 $ 615 |
Additional Information Related to Accruing TDR's | The tables below provide additional information related to accruing TDRs at December 31, 2017 and 2016: December 31, 2017 Recorded Average year-to-date Unpaid Unfunded commitments investment recorded investments principal balance to fund TDRs Commercial $ 6,595 $ 7,308 $ 7,171 $ 2,041 Commercial real estate non-owner occupied 455 489 500 — Residential real estate 1,409 1,461 1,420 2 Consumer 1 3 1 — Total $ 8,460 $ 9,261 $ 9,092 $ 2,043 December 31, 2016 Recorded Average year-to-date Unpaid Unfunded commitments investment recorded investments principal balance to fund TDRs Commercial $ 3,302 $ 3,440 $ 3,464 $ 100 Commercial real estate non-owner occupied 538 572 590 — Residential real estate 1,920 1,996 1,969 2 Consumer 7 9 7 — Total $ 5,767 $ 6,017 $ 6,030 $ 102 |
Summary of Company's Carrying Value of Non-Accrual TDR's | The following table summarizes the Company’s carrying value of non-accrual TDRs as of December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Commercial $ 5,808 $ 15,265 Commercial real estate non-owner occupied — — Residential real estate 1,336 1,301 Consumer 111 142 Total non-accruing TDRs $ 7,255 $ 16,708 |
Re-Measurement of Loans Accounted for Under ASC Topic 310-30 Resulting in Changes in Carrying Amount of Accretable Yield | The re-measurement of loans accounted for under ASC 310-30 resulted in the following changes in the carrying amount of accretable yield during 2017 and 2016: December 31, 2017 December 31, 2016 Accretable yield beginning balance $ 60,476 $ 84,194 Reclassification from non-accretable difference 11,398 14,316 Reclassification to non-accretable difference (2,801) (4,778) Accretion (22,505) (33,256) Accretable yield ending balance $ 46,568 $ 60,476 |
Composition of Net Book Value for Loans Accounted for under ASC Topic 310-30 | Below is the composition of the net book value for loans accounted for under ASC 310-30 at December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Contractual cash flows $ 489,892 $ 537,611 Non-accretable difference (322,701) (331,283) Accretable yield (46,568) (60,476) Loans accounted for under ASC 310-30 $ 120,623 $ 145,852 |
Allowance for Loan Losses - (Ta
Allowance for Loan Losses - (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Receivables [Abstract] | |
Summary of Company's Allowance for Loan Losses ("ALL") and Recorded Investment in Loans | The tables below detail the Company’s allowance for loan losses and recorded investment in loans as of and for the years ended December 31, 2017 and 2016: Year ended December 31, 2017 Non-owner occupied commercial Residential Commercial real estate real estate Consumer Total Beginning balance $ 18,821 $ 5,642 $ 4,387 $ 324 $ 29,174 Non 310-30 beginning balance 18,821 5,422 4,387 319 28,949 Charge-offs (10,342) — (236) (737) (11,315) Recoveries 99 20 129 185 433 Provision 12,762 141 (315) 538 13,126 Non 310-30 ending balance 21,340 5,583 3,965 305 31,193 ASC 310-30 beginning balance — 220 — 5 225 Charge-offs — — — — — Recoveries — — — — — Provision (recoupment) 45 (194) — (5) (154) ASC 310-30 ending balance 45 26 — — 71 Ending balance $ 21,385 $ 5,609 $ 3,965 $ 305 $ 31,264 Ending allowance balance attributable to: Non 310-30 loans individually evaluated for impairment $ 1,466 $ 2 $ 32 $ 1 $ 1,501 Non 310-30 loans collectively evaluated for impairment 19,874 5,581 3,933 304 29,692 ASC 310-30 loans 45 26 — — 71 Total ending allowance balance $ 21,385 $ 5,609 $ 3,965 $ 305 $ 31,264 Loans: Non 310-30 individually evaluated for impairment $ 22,232 $ 1,260 $ 7,240 $ 141 $ 30,873 Non 310-30 collectively evaluated for impairment 1,822,898 483,881 696,238 24,434 3,027,451 ASC 310-30 loans 29,475 77,908 12,759 481 120,623 Total loans $ 1,874,605 $ 563,049 $ 716,237 $ 25,056 $ 3,178,947 Year ended December 31, 2016 Non-owner occupied commercial Residential Commercial real estate real estate Consumer Total Beginning balance $ 17,261 $ 4,166 $ 5,281 $ 411 $ 27,119 Non 310-30 beginning balance 16,473 3,939 5,245 385 26,042 Charge-offs (20,684) (280) (408) (771) (22,143) Recoveries 89 123 108 274 594 Provision 22,943 1,640 (558) 431 24,456 Non 310-30 ending balance 18,821 5,422 4,387 319 28,949 ASC 310-30 beginning balance 788 227 36 26 1,077 Charge-offs — (41) — (6) (47) Recoveries — — — — — (Recoupment) provision (788) 34 (36) (15) (805) ASC 310-30 ending balance — 220 — 5 225 Ending balance $ 18,821 $ 5,642 $ 4,387 $ 324 $ 29,174 Ending allowance balance attributable to: Non 310-30 loans individually evaluated for impairment $ 2,360 $ 1 $ 46 $ 2 $ 2,409 Non 310-30 loans collectively evaluated for impairment 16,461 5,421 4,341 317 26,540 ASC 310-30 loans — 220 — 5 225 Total ending allowance balance $ 18,821 $ 5,642 $ 4,387 $ 324 $ 29,174 Loans: Non 310-30 individually evaluated for impairment $ 29,411 $ 631 $ 7,346 $ 188 $ 37,576 Non 310-30 collectively evaluated for impairment 1,491,739 437,011 721,015 27,728 2,677,493 ASC 310-30 loans 39,280 89,150 16,524 898 145,852 Total loans $ 1,560,430 $ 526,792 $ 744,885 $ 28,814 $ 2,860,921 |
Premises and Equipment (Tables)
Premises and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Premises and Equipment | Premises and equipment consisted of the following at December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Land $ 28,698 $ 29,864 Buildings and improvements 73,703 69,980 Equipment 46,091 42,067 Total premises and equipment, at cost 148,492 141,911 Less: accumulated depreciation and amortization (54,784) (46,240) Premises and equipment, net $ 93,708 $ 95,671 |
Summary of Future Minimum Lease Payments | Below is a summary of future minimum lease payments as of December 31, 2017: Years ending December 31, Amount 2018 $ 3,158 2019 3,092 2020 2,981 2021 3,091 2022 3,052 Thereafter 12,210 Total $ 27,584 |
Other Real Estate Owned - (Tabl
Other Real Estate Owned - (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
FDIC Loss-Sharing Related | |
Summary of Activity in OREO Balances | A summary of the activity in the OREO balances during 2017 and 2016 is as follows: For the years ended December 31, 2017 2016 Beginning balance $ 15,662 $ 20,814 Transfers from loan portfolio, at fair value 1,800 6,868 Impairments (766) (298) Sales, net (6,205) (11,722) Ending balance $ 10,491 $ 15,662 |
Goodwill and Intangible Assets
Goodwill and Intangible Assets - (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Summary of estimated future amortization expense | The following table shows the estimated future amortization expense as of December 31, 2017: Years ending December 31, Amount 2018 $ 1,122 2019 135 2020 135 2021 135 2022 79 |
Deposits - (Tables)
Deposits - (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Deposits [Abstract] | |
Summary of Time Deposits Based Upon Contractual Maturity | The following table summarizes the Company’s time deposits by remaining contractual maturity: Years ending December 31, Amount 2018 $ 684,622 2019 308,139 2020 100,275 2021 7,044 2022 14,389 Thereafter 3,581 Total time deposits $ 1,118,050 |
Schedule of Interest Expense on Deposits | The Company incurred interest expense on deposits as follows during the periods indicated: For the years ended December 31, 2017 2016 2015 Interest bearing demand deposits $ 445 $ 369 $ 315 Money market accounts 4,077 3,600 3,372 Savings accounts 1,481 1,016 837 Time deposits 10,169 8,978 9,085 Total $ 16,172 $ 13,963 $ 13,609 |
Borrowings (Tables)
Borrowings (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure of Repurchase Agreements [Abstract] | |
Schedule of Selected Information Regarding Repurchase Agreements | The following table sets forth selected information regarding repurchase agreements during 2017, 2016 and 2015: As of and for the years ended December 31, 2017 2016 2015 Maximum amount of outstanding agreements at any month end during the period $ 130,463 $ 154,404 $ 288,591 Average amount outstanding during the period $ 88,390 $ 109,246 $ 197,726 Weighted average interest rate for the period |
Regulatory Capital - (Tables)
Regulatory Capital - (Tables) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
FDIC Loss-Sharing Related | ||
Capital Ratio Requirements under Prompt Corrective Action or Other Regulatory Requirements | December 31, 2017 Required to be Required to be well capitalized under considered prompt corrective adequately Actual action provisions capitalized (1) Ratio Amount Ratio Amount Ratio Amount Tier 1 leverage ratio: Consolidated $ 470,877 N/A N/A $ 191,559 NBH Bank 382,918 $ 237,772 190,217 Common equity tier 1 risk-based capital: Consolidated $ 470,877 N/A N/A $ 335,228 NBH Bank 382,918 $ 309,103 332,881 Tier 1 risk-based capital ratio: Consolidated $ 470,877 N/A N/A $ 309,400 NBH Bank 382,918 $ 289,022 307,086 Total risk-based capital ratio: Consolidated $ 502,917 N/A N/A $ 382,200 NBH Bank 414,958 $ 361,277 379,341 | December 31, 2016 Required to be Required to be well capitalized under considered prompt corrective adequately Actual action provisions capitalized (1) Ratio Amount Ratio Amount Ratio Amount Tier 1 leverage ratio: Consolidated $ 470,259 N/A N/A $ 181,019 NBH Bank 389,189 $ 202,903 180,358 Common equity tier 1 risk-based capital: Consolidated $ 470,259 N/A N/A $ 316,784 NBH Bank 389,189 $ 293,082 315,627 Tier 1 risk-based capital ratio: Consolidated $ 470,259 N/A N/A $ 282,578 NBH Bank 389,189 $ 264,596 281,133 Total risk-based capital ratio: Consolidated $ 499,759 N/A N/A $ 349,067 NBH Bank 418,689 $ 330,745 347,282 |
Stock-based Compensation and 46
Stock-based Compensation and Benefits - (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Schedule of weighted average assumptions using Black-Scholes option-pricing model | Below are the weighted average assumptions used in the Black-Scholes option pricing model to determine fair value of the Company’s stock options granted in 2017, 2016 and 2015: 2017 2016 2015 Weighted average fair value $ 7.84 $ 4.24 $ 4.37 Weighted average risk-free interest rate (1) Expected volatility (2) Expected term (years) (3) 6.09 6.09 6.01 Dividend yield (4) (1) The risk-free rate for the expected term of the options was based on the U.S. Treasury yield curve at the date of grant and based on the expected term. (2) Expected volatility was calculated using a time-based weighted migration of the Company’s own stock price volatility coupled with those of a peer group of eight comparable publicly traded companies for a period commensurate with the expected term of the options. (3) The expected term was estimated to be the average of the contractual vesting term and time to expiration. (4) The dividend yield was assumed to be $0.05 per share per quarter through the third quarter of 2016, $0.07 per share per quarter through the first quarter of 2017 and $0.09 per share per quarter through the fourth quarter of 2017 in accordance with the Company’s dividend policy at the time of grant. |
Summary of Option Activity | The following table summarizes stock option activity for 2017: Weighted average Weighted remaining average contractual Aggregate exercise term in intrinsic Options price years value Outstanding at December 31, 2016 2,185,922 $ 19.81 4.85 $ 7,753 Granted 100,401 33.98 Exercised (658,371) 19.91 Forfeited (29,634) 19.82 Outstanding at December 31, 2017 1,598,318 $ 20.62 4.07 $ 19,017 Options exercisable at December 31, 2017 1,372,300 $ 19.82 3.35 $ 17,306 Options vested and expected to vest 1,581,184 $ 20.54 4.02 $ 18,924 |
Summary of outstanding stock options | The following table summarizes the Company’s outstanding stock options: Options outstanding Options exercisable Weighted average Number remaining contractual Weighted average Number Weighted average Range of exercise price outstanding life (years) exercise price exercisable exercise price $ - 18.99 $ $ $ - 19.99 $ $ $ - 20.99 1,126,549 2.61 $ 20.01 1,125,577 $ $ 21.00 and above 98,793 9.14 $ 33.42 2,300 $ 23.98 |
Summary of Restricted Stock Activity | The following table summarizes restricted stock and performance stock unit activity during 2017 and 2016: Weighted Weighted Restricted average grant- Performance average grant- stock shares date fair value stock units date fair value Unvested at December 31, 2015 836,031 $ 15.42 — $ — Granted 122,992 19.15 91,342 18.22 Vested (431,155) 15.78 — — Forfeited (28,597) 18.95 (6,047) 18.22 Unvested at December 31, 2016 499,271 15.82 85,295 18.22 Granted 66,471 33.43 49,758 33.22 Vested (380,956) 15.40 — — Forfeited (21,229) 18.73 (9,971) 21.78 Unvested at December 31, 2017 163,557 $ 22.60 125,082 $ 23.90 |
Income Per Share - (Tables)
Income Per Share - (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Earnings Per Share [Abstract] | |
Schedule of Computation of Basic and Diluted Income (Loss) Per Share | The following table illustrates the computation of basic and diluted income per share for 2017, 2016 and 2015: For the years ended December 31, 2017 2016 2015 Net income $ 14,579 $ 23,060 $ 4,881 Less: income allocated to participating securities (56) (52) (53) Income allocated to common shareholders $ 14,523 $ 23,008 $ 4,828 Weighted average shares outstanding for basic income per common share 26,928,763 28,313,061 34,349,996 Dilutive effect of equity awards 772,392 704,831 9,321 Dilutive effect of warrants 8,504 73,451 4,170 Weighted average shares outstanding for diluted income per common share 27,709,659 29,091,343 34,363,487 Basic income per share $ 0.54 $ 0.81 $ 0.14 Diluted income per share $ 0.53 $ 0.79 $ 0.14 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Components of Income Tax Expense | Total income taxes for 2017, 2016 and 2015 were allocated as follows: For the years ended December 31, 2017 2016 2015 Current expense: U.S. federal $ 1,230 $ 1,868 $ 3,536 State and local 169 117 311 Total current income tax expense 1,399 1,985 3,847 Deferred expense (benefit): U.S. federal 17,639 626 (710) State and local 2,245 336 (93) Total deferred income tax expense (benefit) 19,884 962 (803) Income tax expense $ 21,283 $ 2,947 $ 3,044 |
Components of Tax Rate Reconciliation | The reconciliation between the income tax expenses and the amounts computed by applying the U.S. federal income tax rate to pretax income is as follows: For the years ended December 31, 2017 2016 2015 Income tax at federal statutory rate (35%) $ 12,550 $ 9,103 $ 2,774 State income taxes, net of federal benefits 265 295 142 Tax-exempt loan interest income (5,380) (3,798) (2,568) Bank-owned life insurance income (813) (724) (576) Stock-based compensation (3,998) (2,002) 3,520 Federal and state deferred tax rate change 18,457 — — Warrant valuation — — 37 Bargain purchase gain — — (367) Other 202 73 82 Income tax expense $ 21,283 $ 2,947 $ 3,044 |
Significant Components of Deferred Taxes | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2017 and 2016 are presented below: December 31, 2017 December 31, 2016 Deferred tax assets: Excess tax basis of acquired loans over carrying value $ 1,887 $ 5,865 Allowance for loan losses 7,354 11,063 Intangible assets 6,367 12,279 Other real estate owned 228 — Accrued stock-based compensation 3,098 7,429 Accrued compensation 2,431 3,296 Capitalized start-up costs 2,488 4,554 Accrued expenses 1,227 2,218 Net deferred loan fees 622 1,198 Net operating loss 1,027 2,177 Federal tax credits 5,891 1,888 Net unrealized losses on investment securities 2,307 1,082 Other 993 1,526 Total deferred tax assets 35,920 54,575 Deferred tax liabilities: Premises and equipment (113) (937) Other real estate owned — (426) Prepaid expenses (177) (402) Total deferred tax liabilities (290) (1,765) Net deferred tax asset $ 35,630 $ 52,810 |
Derivatives - (Tables)
Derivatives - (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | Information about the valuation methods used to measure fair value is provided in note 22. Asset derivatives fair value Liability derivatives fair value Balance Sheet December 31, December 31, Balance Sheet December 31, December 31, location 2017 2016 location 2017 2016 Derivatives designated as hedging instruments: Interest rate products Other assets $ 10,489 $ 9,528 Other liabilities $ 1,167 $ 1,381 Total derivatives designated as hedging instruments $ 10,489 $ 9,528 $ 1,167 $ 1,381 Derivatives not designated as hedging instruments: Interest rate products Other assets $ 2,483 $ 1,900 Other liabilities $ 2,584 $ 1,898 Interest rate lock commitments Other assets 128 149 Other liabilities — 6 Forward contracts Other assets 5 138 Other liabilities 7 20 Total derivatives not designated as hedging instruments $ 2,616 $ 2,187 $ 2,591 $ 1,924 |
Derivative Instruments, Gain (Loss) | The tables below present the effect of the Company’s derivative financial instruments in the consolidated statements of operations for 2017 and 2016: Location of gain (loss) Amount of gain or (loss) recognized in income on derivatives Derivatives in fair value recognized in income on For the years ended December 31, hedging relationships derivatives 2017 2016 Interest rate products Other non-interest income $ 1,177 $ 8,183 Total $ 1,177 $ 8,183 Location of gain (loss) Amount of gain or (loss) recognized in income on hedged items recognized in income on For the years ended December 31, Hedged items hedged items 2017 2016 Interest rate products Other non-interest income $ (2,172) $ (7,890) Total $ (2,172) $ (7,890) Location of gain (loss) Amount of gain or (loss) recognized in income on derivatives Derivatives not designated recognized in income on For the years ended December 31, as hedging instruments derivatives 2017 2016 Interest rate products Other non-interest expense $ 104 $ 129 Interest rate lock commitments Gain on sale of mortgages, net (13) 142 Forward contracts Gain on sale of mortgages, net (120) 118 Total $ (29) $ 389 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Total Unfunded Commitments | Total unfunded commitments at December 31, 2017 and 2016 were as follows: December 31, 2017 December 31, 2016 Commitments to fund loans $ 181,904 $ 149,391 Unfunded commitments under lines of credit 498,857 452,851 Commercial and standby letters of credit 7,185 13,532 Total unfunded commitments $ 687,946 $ 615,774 |
Fair Value Measurements - (Tabl
Fair Value Measurements - (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Tables of Financial Instruments Measured At Fair Value on Recurring Basis | The tables below present the financial instruments measured at fair value on a recurring basis as of December 31, 2017 and 2016, on the consolidated statements of financial condition utilizing the hierarchy structure described above: December 31, 2017 Level 1 Level 2 Level 3 Total Assets: Investment securities available-for-sale: Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ — $ 168,648 $ — $ 168,648 Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises — 685,230 — 685,230 Municipal securities — 829 — 829 Loans held for sale — 4,629 — 4,629 Interest rate swap derivatives — 12,972 — 12,972 Mortgage banking derivatives — — 133 Total assets at fair value $ — $ 872,308 $ 133 $ 872,441 Liabilities: Interest rate swap derivatives $ — $ 3,751 $ — $ 3,751 Mortgage banking derivatives — — 7 Total liabilities at fair value $ — $ 3,751 $ 7 $ 3,758 December 31, 2016 Level 1 Level 2 Level 3 Total Assets: Investment securities available-for-sale: Mortgage-backed securities (“MBS”): Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises $ — $ 227,160 $ — $ 227,160 Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises — 652,739 — 652,739 Municipal securities — 3,648 — 3,648 Loans held for sale — 24,187 — 24,187 Interest rate swap derivatives — 11,428 — 11,428 Mortgage banking derivatives — — 287 Total assets at fair value $ — $ 919,162 $ 287 $ 919,449 Liabilities: Interest rate swap derivatives $ — $ 3,279 $ — $ 3,279 Mortgage banking derivatives — — 26 Total liabilities at fair value $ — $ 3,279 $ 26 $ 3,305 |
Table of Changes in Level 3 Financial Instruments | The table below details the changes in level 3 financial instruments during 2017: Mortgage banking derivatives, net Balance at December 31, 2016 $ 261 Loss included in earnings, net (135) Net change in Level 3 (135) Balance at December 31, 2017 $ |
Table of assets recorded at fair value on a non-recurring basis | The tables below provide information regarding the assets recorded at fair value on a non-recurring basis at December 31, 2017 and 2016: December 31, 2017 Total Losses from fair value changes Other real estate owned $ 10,491 $ 766 Impaired loans 30,873 11,099 December 31, 2016 Total Losses from fair value changes Other real estate owned $ 15,662 $ 154 Impaired loans 38,282 15,200 |
Fair Value of Financial Instr52
Fair Value of Financial Instruments - (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Instruments | The fair value of financial instruments at December 31, 2017 and 2016, including methods and assumptions utilized for determining fair value of financial instruments, are set forth below: Level in fair value December 31, 2017 December 31, 2016 measurement Carrying Estimated Carrying Estimated hierarchy amount fair value amount fair value ASSETS Cash and cash equivalents Level 1 $ 257,364 $ 257,364 $ 152,736 $ 152,736 Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale Level 2 168,648 168,648 227,160 227,160 Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale Level 2 685,230 685,230 652,739 652,739 Municipal securities Level 2 829 829 3,648 3,648 Municipal securities Level 3 219 219 265 265 Other available-for-sale securities Level 3 419 419 419 419 Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity Level 2 204,352 204,048 263,411 264,862 Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity Level 2 54,378 52,723 69,094 67,711 Non-marketable securities Level 2 15,030 15,030 14,949 14,949 Loans receivable Level 3 3,178,947 3,167,508 2,860,921 2,879,860 Loans held for sale Level 2 4,629 4,629 24,187 24,187 Accrued interest receivable Level 2 14,255 14,255 12,562 12,562 Interest rate swap derivatives Level 2 12,972 12,972 11,428 11,428 Mortgage banking derivatives Level 3 287 287 LIABILITIES Deposit transaction accounts Level 2 2,861,509 2,861,509 2,696,603 2,696,603 Time deposits Level 2 1,118,050 1,118,050 1,172,046 1,172,046 Securities sold under agreements to repurchase Level 2 130,463 130,463 92,011 92,011 Federal Home Loan Bank advances Level 2 129,115 130,300 38,665 39,324 Accrued interest payable Level 2 5,776 5,776 4,973 4,973 Interest rate swap derivatives Level 2 3,751 3,751 3,279 3,279 Mortgage banking derivatives Level 3 187 187 |
Subsequent Events - (Tables) 10
Subsequent Events - (Tables) 10K | 12 Months Ended |
Dec. 31, 2017 | |
Business Combinations [Abstract] | |
Net Assets acquired (at fair value) and consideration transferred | Assets: Cash and due from banks $ 105,173 Investment securities available-for-sale 118,553 Non-marketable securities 4,846 Loans 544,233 Loans held for sale 54,260 Other real estate owned 1,436 Premises and equipment 17,931 Core deposit intangible asset 9,839 Mortgage servicing rights 4,233 Other assets 15,740 Total assets acquired $ 876,244 Liabilities: Total deposits 729,911 Other liabilities 55,973 Total liabilities assumed $ 785,884 Identifiable net assets acquired $ 90,360 Consideration: NBHC common stock paid at January 1, 2018, closing price of $32.43 $ 110,213 Cash 36,189 Total $ 146,402 Estimated goodwill created $ 56,042 |
Parent Company Only Financial54
Parent Company Only Financial Statements (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |
Condensed Statements of Financial Condition | Condensed Statements of Financial Condition December 31, 2017 December 31, 2016 ASSETS Cash and cash equivalents $ 73,873 $ 64,691 Investment in subsidiaries 444,445 455,120 Other assets 14,414 16,996 Total assets $ 532,732 $ 536,807 LIABILITIES AND STOCKHOLDERS’ EQUITY Other liabilities $ 325 $ 618 Total liabilities 325 618 Shareholders’ equity 532,407 536,189 Total liabilities and shareholders’ equity $ 532,732 $ 536,807 Condensed Statements of Operations For the years ended December 31, 2017 2016 2015 Income Interest income $ 45 $ 24 $ — Undistributed equity from subsidiaries (11,192) (129,956) (74,131) Distributions from subsidiaries 28,903 155,353 86,000 Other income — — 1,048 Total income 17,756 25,421 12,917 Expenses Salaries and benefits 3,680 3,529 3,349 Other expenses 3,587 3,578 3,597 Total expenses 7,267 7,107 6,946 Income before income taxes 10,489 18,314 5,971 Income tax (benefit) expense (4,090) (4,746) 1,090 Net income $ 14,579 $ 23,060 $ 4,881 Condensed Statements of Cash Flows For the years ended December 31, 2017 2016 2015 Cash flows from operating activities: Net income $ 14,579 $ 23,060 $ 4,881 Undistributed equity from subsidiaries 11,192 (25,388) (11,869) Stock-based compensation expense 3,648 3,492 3,349 Net excess tax (benefit) deficit on stock-based compensation (4,225) (2,078) 3,677 Other 6,680 418 (1,042) Net cash provided by (used in) operating activities 31,874 (496) (1,004) Cash flows from investing activities: Outlay for business combinations — — (9,482) Dividend payment from subsidiary equity — 15,353 — Return of capital from investments in subsidiaries — 140,000 86,000 Net cash provided by investing activities — 155,353 76,518 Cash flows from financing activities: Capital contribution (5,000) — — Issuance of stock under purchase and equity compensation plans (8,395) (6,201) (952) Proceeds from exercise of stock options 104 — 160 Settlement of warrants — — (368) Payment of dividends (9,401) (6,131) (6,711) Repurchase of shares — (93,573) (175,048) Net cash used in financing activities (22,692) (105,905) (182,919) Net increase (decrease) in cash and cash equivalents 9,182 48,952 (107,405) Cash and cash equivalents at beginning of the year 64,691 15,739 123,144 Cash and cash equivalents at end of the year $ 73,873 $ 64,691 $ 15,739 |
Quarterly Results of Operatio55
Quarterly Results of Operations (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Quarterly Financial Information Disclosure [Abstract] | |
Summary of Quarterly Results | The following is a summary of quarterly results: December 31, 2017 Fourth Third Second First quarter quarter quarter quarter Total Interest and dividend income $ 41,889 $ 42,579 $ 41,213 $ 38,740 $ 164,421 Interest expense 4,976 4,681 4,440 4,018 18,115 Net interest income before provision for loan losses 36,913 37,898 36,773 34,722 146,306 Provision for loan losses 3,272 3,880 4,025 1,795 12,972 Net interest income after provision for loan losses 33,641 34,018 32,748 32,927 133,334 Non-interest income 8,883 9,551 12,075 8,696 39,205 Non-interest expense 34,028 34,605 33,439 34,605 136,677 Income before income taxes 8,496 8,964 11,384 7,018 35,862 Income tax expense (benefit) 18,615 1,733 2,175 (1,240) 21,283 Net (loss) income $ (10,119) $ 7,231 $ 9,209 $ 8,258 $ 14,579 (Loss) income per share-basic $ (0.37) $ 0.27 $ 0.34 $ 0.31 $ 0.54 (Loss) income per share-diluted $ (0.37) $ 0.26 $ 0.33 $ 0.30 $ 0.53 December 31, 2016 Fourth Third Second First quarter quarter quarter quarter Total Interest and dividend income $ 39,658 $ 40,764 $ 38,472 $ 41,554 $ 160,448 Interest expense 3,873 3,700 3,719 3,516 14,808 Net interest income before provision for loan losses 35,785 37,064 34,753 38,038 145,640 Provision for loan losses 1,282 5,293 6,457 10,619 23,651 Net interest income after provision for loan losses 34,503 31,771 28,296 27,419 121,989 Non-interest income 9,992 11,608 10,504 7,923 40,027 Non-interest expense 34,423 33,370 33,314 34,902 136,009 Income before income taxes 10,072 10,009 5,486 440 26,007 Income tax expense 81 1,695 982 189 2,947 Net income $ 9,991 $ 8,314 $ 4,504 $ 251 $ 23,060 Income per share-basic $ 0.38 $ 0.30 $ 0.15 $ 0.01 $ 0.81 Income per share-diluted $ 0.36 $ 0.30 $ 0.15 $ 0.01 $ 0.79 December 31, 2015 Fourth Third Second First quarter quarter quarter quarter Total Interest and dividend income $ 43,492 $ 42,311 $ 42,517 $ 43,087 $ 171,407 Interest expense 3,563 3,629 3,662 3,608 14,462 Net interest income before provision for loan losses 39,929 38,682 38,855 39,479 156,945 Provision for loan losses 5,423 3,710 1,858 1,453 12,444 Net interest income after provision for loan losses 34,506 34,972 36,997 38,026 144,501 Non-interest income 15,419 3,761 2,747 (479) 21,448 Non-interest expense 42,230 38,677 40,393 36,724 158,024 Income (loss) before income taxes 7,695 56 (649) 823 7,925 Income tax expense (benefit) 4,355 (1,580) 692 (423) 3,044 Net income (loss) $ 3,340 $ 1,636 $ (1,341) $ 1,246 $ 4,881 Income (loss) per share-basic $ 0.11 $ 0.05 $ (0.04) $ 0.03 $ 0.14 Income (loss) per share-diluted $ 0.11 $ 0.05 $ (0.04) $ 0.03 $ 0.14 |
Basis of Presentation - (Detail
Basis of Presentation - (Details) | 12 Months Ended |
Dec. 31, 2017item | |
Accounting Policies [Abstract] | |
Number of full service banking offices | 85 |
Summary of Significant Accoun57
Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Significant Accounting Policies [Line Items] | |||||||||||||||
Residential mortgage loans held for sale period | 45 days | ||||||||||||||
Income tax (benefit) expense | $ 18,615 | $ 1,733 | $ 2,175 | $ (1,240) | $ 81 | $ 1,695 | $ 982 | $ 189 | $ 4,355 | $ (1,580) | $ 692 | $ (423) | $ 21,283 | $ 2,947 | $ 3,044 |
Adjustments for New Accounting Principle, Early Adoption [Member] | |||||||||||||||
Significant Accounting Policies [Line Items] | |||||||||||||||
Income tax (benefit) expense | $ (4,200) | $ 2,100 | |||||||||||||
Buildings [Member] | |||||||||||||||
Significant Accounting Policies [Line Items] | |||||||||||||||
Estimated useful life of the asset | 39 years | ||||||||||||||
Maximum | |||||||||||||||
Significant Accounting Policies [Line Items] | |||||||||||||||
Fair values are subject to refinement maximum year | 1 year | ||||||||||||||
Maximum | Stock options [Member] | |||||||||||||||
Significant Accounting Policies [Line Items] | |||||||||||||||
Contractual term | 10 years | ||||||||||||||
Maximum | Building Improvements [Member] | |||||||||||||||
Significant Accounting Policies [Line Items] | |||||||||||||||
Estimated useful life of the asset | 15 years | ||||||||||||||
Maximum | Equipment [Member] | |||||||||||||||
Significant Accounting Policies [Line Items] | |||||||||||||||
Estimated useful life of the asset | 7 years | ||||||||||||||
Minimum | Building Improvements [Member] | |||||||||||||||
Significant Accounting Policies [Line Items] | |||||||||||||||
Estimated useful life of the asset | 7 years | ||||||||||||||
Minimum | Equipment [Member] | |||||||||||||||
Significant Accounting Policies [Line Items] | |||||||||||||||
Estimated useful life of the asset | 3 years |
Investment Securities - (Narrat
Investment Securities - (Narrative) (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017USD ($)security | Dec. 31, 2016USD ($)security | |
Investment securities total | $ 1,100,000 | $ 1,200,000 |
Amortized cost | 870,849 | 894,737 |
Available-for-sale securities | 855,345 | 884,232 |
Held-to-maturity securities | $ 258,730 | $ 332,505 |
Mortgage-backed securities as percentage of available-for-sale investment portfolio | 100.00% | |
Number of securities | security | 87 | 61 |
Fair value of available-for-sale securities in an unrealized loss position | $ 674,091 | $ 627,239 |
Fair value of available-for-sale security with OTTI | 300 | |
Other than Temporary Impairment Losses, Investments | 200 | |
Fair value of available-for-sale investment securities pledged as collateral | $ 334,600 | $ 373,700 |
Estimated weighted average life of the available-for-sale mortgage-backed securities portfolio | 3 years 4 months 24 days | 3 years 4 months 24 days |
Life of the available-for-sale mortgage-backed securities portfolio | 3 years 1 month 6 days | 3 years 2 months 12 days |
Other securities having no contractual maturity date | $ 400 | |
Number of held-to-maturity securities in unrealized loss positions | security | 36 | 15 |
Fair value of held-to-maturity securities in an unrealized loss position | $ 219,412 | $ 86,937 |
Held-to-maturity investment securities pledged as collateral | $ 142,000 | $ 119,200 |
Estimated weighted average expected life of the held-to-maturity mortgage-backed securities portfolio | 3 years 1 month 6 days | 3 years 6 months |
Life of the held-to-maturity investment portfolio | 2 years 9 months 18 days | 3 years 2 months 12 days |
Municiapl securities maturing witin one year Member | ||
Amortized cost | $ 300 | |
Available-for-sale securities | 300 | |
Municipal securities maturing within one to five years [Member] | ||
Amortized cost | 200 | |
Available-for-sale securities | 200 | |
Municipal securities due within five to ten years [Member] | ||
Amortized cost | 500 | |
Available-for-sale securities | 500 | |
Other Securities [Member] | ||
Amortized cost | 419 | $ 419 |
Available-for-sale securities | $ 419 | $ 419 |
Investment Securities - (Summar
Investment Securities - (Summary of Available-for-Sale Investment Securities) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost | $ 870,849 | $ 894,737 |
Gross unrealized gains | 2,722 | 6,033 |
Gross unrealized losses | (18,226) | (16,538) |
Investment securities available-for-sale (at fair value) | 855,345 | 884,232 |
Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost | 167,269 | 223,781 |
Gross unrealized gains | 2,371 | 3,909 |
Gross unrealized losses | (992) | (530) |
Investment securities available-for-sale (at fair value) | 168,648 | 227,160 |
Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost | 702,107 | 666,616 |
Gross unrealized gains | 351 | 2,124 |
Gross unrealized losses | (17,228) | (16,001) |
Investment securities available-for-sale (at fair value) | 685,230 | 652,739 |
Municipal [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost | 1,054 | 3,921 |
Gross unrealized losses | (6) | (7) |
Investment securities available-for-sale (at fair value) | 1,048 | 3,914 |
Other Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized cost | 419 | 419 |
Investment securities available-for-sale (at fair value) | $ 419 | $ 419 |
Investment Securities - (Summ60
Investment Securities - (Summary of Unrealized Losses) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | $ 225,038 | $ 241,532 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (1,244) | (3,513) |
12 months or more, Fair Value | 449,053 | 385,707 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (16,982) | (13,025) |
Total, Fair Value | 674,091 | 627,239 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (18,226) | (16,538) |
Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 62,178 | 100,898 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (408) | (530) |
12 months or more, Fair Value | 36,086 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (584) | |
Total, Fair Value | 98,264 | 100,898 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (992) | (530) |
Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 162,346 | 137,576 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (830) | (2,976) |
12 months or more, Fair Value | 412,967 | 385,707 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (16,398) | (13,025) |
Total, Fair Value | 575,313 | 523,283 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (17,228) | (16,001) |
Municipal [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 514 | 3,058 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (6) | (7) |
Total, Fair Value | 514 | 3,058 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ (6) | $ (7) |
Investment Securities - (Summ61
Investment Securities - (Summary of Held-to-maturity Investment Securities) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Held-to-maturity Securities | $ 258,730 | $ 332,505 |
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain | 151 | 1,701 |
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss | (2,110) | (1,633) |
Fair value | 256,771 | 332,573 |
Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Held-to-maturity Securities | 204,352 | 263,411 |
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain | 151 | 1,685 |
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss | (455) | (234) |
Fair value | 204,048 | 264,862 |
Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Held-to-maturity Securities | 54,378 | 69,094 |
Held-to-maturity Securities, Accumulated Unrecognized Holding Gain | 16 | |
Held-to-maturity Securities, Accumulated Unrecognized Holding Loss | (1,655) | (1,399) |
Fair value | $ 52,723 | $ 67,711 |
Investment Securities - (Summ62
Investment Securities - (Summary of Held-to-Maturity Securities, Unrealized Losses) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Fair Value, Less than 12 months | $ 155,642 | $ 54,791 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (285) | (591) |
Fair Value, 12 months or more | 63,770 | 32,146 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (1,825) | (1,042) |
Total Fair Value | 219,412 | 86,937 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss | (2,110) | (1,633) |
Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Fair Value, Less than 12 months | 149,182 | 27,799 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (220) | (234) |
Fair Value, 12 months or more | 17,506 | |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (235) | |
Total Fair Value | 166,688 | 27,799 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss | (455) | (234) |
Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Fair Value, Less than 12 months | 6,460 | 26,992 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (65) | (357) |
Fair Value, 12 months or more | 46,264 | 32,146 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (1,590) | (1,042) |
Total Fair Value | 52,724 | 59,138 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ (1,655) | $ (1,399) |
Non-Marketable Securities (Narr
Non-Marketable Securities (Narrative) (Details) - USD ($) $ in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Schedule of Cost-method Investments [Line Items] | ||
Federal Reserve Bank stock | $ 9.2 | $ 9.2 |
FHLB Des Moines Stock [Member] | ||
Schedule of Cost-method Investments [Line Items] | ||
FHLB Stock | $ 5.8 | 5.2 |
FHLB San Francisco Stock [Member] | ||
Schedule of Cost-method Investments [Line Items] | ||
FHLB Stock | $ 0.5 |
Allowance for Loan Losses - (Na
Allowance for Loan Losses - (Narrative) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Allowance For Loan And Lease Losses [Line Items] | |||
Provision (recoupment) for loan losses | $ 12,972 | $ 23,651 | $ 12,444 |
Non ASC 310-30 [Member] | |||
Allowance For Loan And Lease Losses [Line Items] | |||
Charge-offs, net | 10,900 | 21,600 | |
Provision (recoupment) for loan losses | 13,126 | 24,456 | |
Non ASC 310-30 [Member] | Energy Loans [Member] | |||
Allowance For Loan And Lease Losses [Line Items] | |||
Charge-offs, net | 19,100 | ||
Provision (recoupment) for loan losses | 18,900 | ||
ASC 310-30 [Member] | |||
Allowance For Loan And Lease Losses [Line Items] | |||
Provision (recoupment) for loan losses | (154) | (805) | |
ASC 310-30 [Member] | Commercial Portfolio Segment [Member] | |||
Allowance For Loan And Lease Losses [Line Items] | |||
Provision (recoupment) for loan losses | $ (194) | $ 788 |
Loans - Narrative Section (Deta
Loans - Narrative Section (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2017 | Dec. 31, 2016 | |
Debt Instrument [Line Items] | |||
Fees and cost related to loans | $ 4,300 | $ 4,300 | $ 6,300 |
Loans Held for Sale Included in Loans Receivable | 14,400 | ||
Carrying amount of loan investments | 3,178,947 | 3,178,947 | 2,860,921 |
Increase (decrease) in non-accrual loans | 3,700 | ||
Commercial and Industrial [Member] | |||
Debt Instrument [Line Items] | |||
Decrease related to loans resolved and/or charged-off | 2,500 | ||
Energy Loans [Member] | |||
Debt Instrument [Line Items] | |||
Decrease related to loans resolved and/or charged-off | 7,500 | ||
Loans Placed on Accrual | 2,200 | ||
Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 1,874,605 | 1,874,605 | 1,560,430 |
Non Accrual [Member] | |||
Debt Instrument [Line Items] | |||
Recorded investment, non-accrual status | 21,000 | 21,000 | |
Increase (decrease) in non-accrual loans | $ 9,700 | ||
Percentage increase (decrease) in past due loans | 31.60% | ||
Non ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 3,058,324 | $ 3,058,324 | 2,715,069 |
Allowance for Loan and Lease Losses, Write-offs | 11,315 | 22,143 | |
Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 1,845,130 | 1,845,130 | 1,521,150 |
ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 120,623 | 120,623 | 145,852 |
Allowance for Loan and Lease Losses, Write-offs | 47 | ||
ASC 310-30 [Member] | Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 29,475 | 29,475 | 39,280 |
Total Loans [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 3,178,947 | 3,178,947 | 2,860,921 |
Total Loans [Member] | Non ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 3,058,324 | 3,058,324 | 2,715,069 |
Recorded investment, non-accrual status | 21,000 | 21,000 | 30,717 |
Total past due loans | 13,557 | 13,557 | 19,435 |
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 1,376,022 | 1,376,022 | 1,074,696 |
Recorded investment, non-accrual status | 7,767 | 7,767 | 8,688 |
Total past due loans | 2,060 | 2,060 | 8,221 |
Total Loans [Member] | Non ASC 310-30 [Member] | Energy Loans [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 57,460 | 57,460 | 90,273 |
Recorded investment, non-accrual status | 1,645 | 1,645 | 12,645 |
Total past due loans | 1,645 | 1,645 | 6,550 |
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 1,845,130 | 1,845,130 | 1,521,150 |
Recorded investment, non-accrual status | 14,893 | 14,893 | 25,294 |
Total past due loans | 7,670 | 7,670 | 16,127 |
Total Loans [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 272,753 | 272,753 | 221,544 |
Recorded investment, non-accrual status | 3,478 | 3,478 | 2,056 |
Total past due loans | 2,679 | 2,679 | 855 |
Total Loans [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 336,098 | 336,098 | 309,068 |
Recorded investment, non-accrual status | 605 | 605 | 66 |
Total past due loans | 630 | 630 | 28 |
Total Loans [Member] | ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 120,623 | 120,623 | 145,852 |
Total Loans [Member] | ASC 310-30 [Member] | Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 29,475 | 29,475 | 39,280 |
Total Loans [Member] | ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 77,908 | 77,908 | 89,150 |
Total Loans [Member] | Substandard [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 66,329 | 66,329 | 116,558 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 33,613 | 33,613 | 56,924 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 14,824 | 14,824 | 25,636 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Energy Loans [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 1,646 | 1,646 | 7,811 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 23,764 | 23,764 | 45,490 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 5,424 | 5,424 | 10,137 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 1,477 | 1,477 | 2,251 |
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 32,716 | 32,716 | 59,634 |
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 4,451 | 4,451 | 11,234 |
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 26,488 | 26,488 | 45,520 |
Total Loans [Member] | Special Mention [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 51,188 | 51,188 | 38,590 |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 48,171 | 48,171 | 35,669 |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 10,829 | 10,829 | 7,243 |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 46,683 | 46,683 | 25,536 |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 17,030 | 17,030 | 9,371 |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 1,396 | 1,396 | 5,895 |
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 3,017 | 3,017 | 2,921 |
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 1,070 | 1,070 | 610 |
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 883 | 883 | 967 |
Total Loans [Member] | Doubtful [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 1,461 | 1,461 | 9,113 |
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 1,461 | 1,461 | 5,345 |
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 1,253 | 1,253 | 491 |
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Energy Loans [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 4,843 | ||
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 1,461 | 1,461 | 5,334 |
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | $ 75 | $ 75 | |
Total Loans [Member] | Doubtful [Member] | ASC 310-30 [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | 3,768 | ||
Total Loans [Member] | Doubtful [Member] | ASC 310-30 [Member] | Non Owner-Occupied [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of loan investments | $ 3,768 |
Loans - Impaired Loans Narrativ
Loans - Impaired Loans Narrative (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Debt Instrument [Line Items] | ||
Carrying amount of loan investments | $ 3,178,947 | $ 2,860,921 |
Recorded investment of impaired loans | 30,873 | 38,282 |
Collective related allowance for loan losses for impaired loans | 1,500 | 2,408 |
Non Accrual [Member] | ||
Debt Instrument [Line Items] | ||
Investment in impaired loans not covered by loan loss, non-accrual status | 21,000 | |
Fair Value Of Collateral Pledged [Member] | ||
Debt Instrument [Line Items] | ||
Impaired loans | 20,300 | |
Discounted Cash Flows [Member] | ||
Debt Instrument [Line Items] | ||
Impaired loans | 2,300 | |
General Reserve [Member] | ||
Debt Instrument [Line Items] | ||
Carrying amount of loan investments | 8,300 | |
Impaired loans | 250 | |
Commercial Loan [Member] | ||
Debt Instrument [Line Items] | ||
Carrying amount of loan investments | 1,874,605 | $ 1,560,430 |
Recorded investment of impaired loans | 14,100 | |
Commercial and Industrial [Member] | ||
Debt Instrument [Line Items] | ||
Recorded investment of impaired loans | 9,000 | |
Energy Loans [Member] | ||
Debt Instrument [Line Items] | ||
Recorded investment of impaired loans | $ 3,900 |
Loans - (Loan Portfolio Composi
Loans - (Loan Portfolio Composition Including Carrying Value by Segment of Loans Accounted for under ASC Topic 310-30) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Loans [Line Items] | ||
Total Loans | $ 3,178,947 | $ 2,860,921 |
% of Total | 100.00% | 100.00% |
Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total Loans | $ 1,874,605 | $ 1,560,430 |
% of Total | 59.00% | 54.60% |
Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Total Loans | $ 563,049 | $ 526,792 |
% of Total | 17.70% | 18.40% |
Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total Loans | $ 716,237 | $ 744,885 |
% of Total | 22.50% | 26.00% |
Consumer [Member] | ||
Loans [Line Items] | ||
Total Loans | $ 25,056 | $ 28,814 |
% of Total | 0.80% | 1.00% |
ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total Loans | $ 120,623 | $ 145,852 |
ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total Loans | 29,475 | 39,280 |
ASC 310-30 [Member] | Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Total Loans | 77,908 | 89,150 |
ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total Loans | 12,759 | 16,524 |
ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total Loans | 481 | 898 |
Non ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total Loans | 3,058,324 | 2,715,069 |
Non ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,845,130 | 1,521,150 |
Non ASC 310-30 [Member] | Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Total Loans | 485,141 | 437,642 |
Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total Loans | 703,478 | 728,361 |
Non ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total Loans | $ 24,575 | $ 27,916 |
Loans - (Loan Delinquency) (Det
Loans - (Loan Delinquency) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Loans [Line Items] | ||
Total loans | $ 3,178,947 | $ 2,860,921 |
Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total loans | 1,874,605 | 1,560,430 |
Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Total loans | 563,049 | 526,792 |
Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total loans | 716,237 | 744,885 |
Consumer [Member] | ||
Loans [Line Items] | ||
Total loans | 25,056 | 28,814 |
Non ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total loans | 3,058,324 | 2,715,069 |
Non ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total loans | 1,845,130 | 1,521,150 |
Non ASC 310-30 [Member] | Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Total loans | 485,141 | 437,642 |
Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total loans | 703,478 | 728,361 |
Non ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total loans | 24,575 | 27,916 |
ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total loans | 120,623 | 145,852 |
ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total loans | 29,475 | 39,280 |
ASC 310-30 [Member] | Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Total loans | 77,908 | 89,150 |
ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total loans | 12,759 | 16,524 |
ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total loans | 481 | 898 |
Total Loans [Member] | ||
Loans [Line Items] | ||
Total loans | 3,178,947 | 2,860,921 |
Total Loans [Member] | Non ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total past due loans | 13,557 | 19,435 |
Current | 3,044,767 | 2,695,634 |
Total loans | 3,058,324 | 2,715,069 |
Loans 90 days past due and still accruing | 150 | |
Non- accrual | 21,000 | 30,717 |
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Construction [Member] | ||
Loans [Line Items] | ||
Total past due loans | 179 | |
Current | 107,502 | 90,314 |
Total loans | 107,681 | 90,314 |
Non- accrual | 179 | |
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Acquisition/Development [Member] | ||
Loans [Line Items] | ||
Total past due loans | 1,097 | |
Current | 13,318 | 13,306 |
Total loans | 14,415 | 13,306 |
Total Loans [Member] | Non ASC 310-30 [Member] | Multifamily [Member] | ||
Loans [Line Items] | ||
Current | 26,947 | 24,954 |
Total loans | 26,947 | 24,954 |
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | ||
Loans [Line Items] | ||
Total past due loans | 2,060 | 8,221 |
Current | 1,373,962 | 1,066,475 |
Total loans | 1,376,022 | 1,074,696 |
Loans 90 days past due and still accruing | 150 | |
Non- accrual | 7,767 | 8,688 |
Total Loans [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total past due loans | 2,679 | 855 |
Current | 270,074 | 220,689 |
Total loans | 272,753 | 221,544 |
Non- accrual | 3,478 | 2,056 |
Total Loans [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total past due loans | 630 | 28 |
Current | 335,468 | 309,040 |
Total loans | 336,098 | 309,068 |
Non- accrual | 605 | 66 |
Total Loans [Member] | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Total past due loans | 1,906 | 28 |
Current | 483,235 | 437,614 |
Total loans | 485,141 | 437,642 |
Non- accrual | 784 | 66 |
Total Loans [Member] | Non ASC 310-30 [Member] | Senior lien | ||
Loans [Line Items] | ||
Total past due loans | 3,448 | 2,991 |
Current | 643,034 | 672,699 |
Total loans | 646,482 | 675,690 |
Non- accrual | 4,724 | 4,522 |
Total Loans [Member] | Non ASC 310-30 [Member] | Junior lien | ||
Loans [Line Items] | ||
Total past due loans | 365 | 198 |
Current | 56,631 | 52,473 |
Total loans | 56,996 | 52,671 |
Non- accrual | 459 | 654 |
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total past due loans | 7,670 | 16,127 |
Current | 1,837,460 | 1,505,023 |
Total loans | 1,845,130 | 1,521,150 |
Loans 90 days past due and still accruing | 150 | |
Non- accrual | 14,893 | 25,294 |
Total Loans [Member] | Non ASC 310-30 [Member] | Agriculture [Member] | ||
Loans [Line Items] | ||
Total past due loans | 1,286 | 501 |
Current | 137,609 | 134,136 |
Total loans | 138,895 | 134,637 |
Non- accrual | 2,003 | 1,905 |
Total Loans [Member] | Non ASC 310-30 [Member] | Energy Loans [Member] | ||
Loans [Line Items] | ||
Total past due loans | 1,645 | 6,550 |
Current | 55,815 | 83,723 |
Total loans | 57,460 | 90,273 |
Non- accrual | 1,645 | 12,645 |
Total Loans [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total past due loans | 3,813 | 3,189 |
Current | 699,665 | 725,172 |
Total loans | 703,478 | 728,361 |
Non- accrual | 5,183 | 5,176 |
Total Loans [Member] | Non ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total past due loans | 168 | 91 |
Current | 24,407 | 27,825 |
Total loans | 24,575 | 27,916 |
Non- accrual | 140 | 181 |
Total Loans [Member] | ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total loans | 120,623 | 145,852 |
Total Loans [Member] | ASC 310-30 [Member] | Non Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total loans | 77,908 | 89,150 |
Total Loans [Member] | ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total loans | 29,475 | 39,280 |
Total Loans [Member] | ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total loans | 12,759 | 16,524 |
Total Loans [Member] | ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total loans | 481 | 898 |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total past due loans | 4,545 | 5,306 |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Commercial Acquisition/Development [Member] | ||
Loans [Line Items] | ||
Total past due loans | 1,097 | |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | ||
Loans [Line Items] | ||
Total past due loans | 554 | 3,134 |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total past due loans | 696 | 583 |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total past due loans | 56 | |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Total past due loans | 1,153 | |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Senior lien | ||
Loans [Line Items] | ||
Total past due loans | 1,167 | 888 |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Junior lien | ||
Loans [Line Items] | ||
Total past due loans | 233 | 115 |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total past due loans | 1,835 | 4,220 |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Agriculture [Member] | ||
Loans [Line Items] | ||
Total past due loans | 585 | 501 |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Energy Loans [Member] | ||
Loans [Line Items] | ||
Total past due loans | 2 | |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total past due loans | 1,400 | 1,003 |
Total Loans [Member] | 30-59 Days Past Due | Non ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total past due loans | 157 | 83 |
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total past due loans | 1,099 | 4,939 |
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | ||
Loans [Line Items] | ||
Total past due loans | 117 | 4,009 |
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total past due loans | 216 | |
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Senior lien | ||
Loans [Line Items] | ||
Total past due loans | 885 | 645 |
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Junior lien | ||
Loans [Line Items] | ||
Total past due loans | 91 | 61 |
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total past due loans | 117 | 4,225 |
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total past due loans | 976 | 706 |
Total Loans [Member] | 60-89 Days Past Due | Non ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total past due loans | 6 | 8 |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total past due loans | 7,913 | 9,190 |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Commercial Construction [Member] | ||
Loans [Line Items] | ||
Total past due loans | 179 | |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | ||
Loans [Line Items] | ||
Total past due loans | 1,389 | 1,078 |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total past due loans | 1,983 | 56 |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total past due loans | 574 | 28 |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Total past due loans | 753 | 28 |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Senior lien | ||
Loans [Line Items] | ||
Total past due loans | 1,396 | 1,458 |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Junior lien | ||
Loans [Line Items] | ||
Total past due loans | 41 | 22 |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total past due loans | 5,718 | 7,682 |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Agriculture [Member] | ||
Loans [Line Items] | ||
Total past due loans | 701 | |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Energy Loans [Member] | ||
Loans [Line Items] | ||
Total past due loans | 1,645 | 6,548 |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total past due loans | 1,437 | $ 1,480 |
Total Loans [Member] | Greater than 90 Days Past Due | Non ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total past due loans | 5 | |
Non Accrual [Member] | ||
Loans [Line Items] | ||
Non- accrual | $ 21,000 |
Loans - (Credit Exposure for Lo
Loans - (Credit Exposure for Loans as Determined by Company's Internal Risk Rating System) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Loans [Line Items] | ||
Total Loans | $ 3,178,947 | $ 2,860,921 |
Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,874,605 | 1,560,430 |
Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total Loans | 716,237 | 744,885 |
Consumer [Member] | ||
Loans [Line Items] | ||
Total Loans | 25,056 | 28,814 |
Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Total Loans | 563,049 | 526,792 |
Non ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total Loans | 3,058,324 | 2,715,069 |
Non ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,845,130 | 1,521,150 |
Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total Loans | 703,478 | 728,361 |
Non ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total Loans | 24,575 | 27,916 |
Non ASC 310-30 [Member] | Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Total Loans | 485,141 | 437,642 |
ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total Loans | 120,623 | 145,852 |
ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total Loans | 29,475 | 39,280 |
ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total Loans | 12,759 | 16,524 |
ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total Loans | 481 | 898 |
ASC 310-30 [Member] | Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Total Loans | 77,908 | 89,150 |
Special Mention [Member] | Non ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Change in Risk Rating | 12,500 | |
Substandard [Member] | Non ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Change in Risk Rating | 23,300 | |
Doubtful [Member] | Non ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Change in Risk Rating | 3,900 | |
Total Loans [Member] | ||
Loans [Line Items] | ||
Total Loans | 3,178,947 | 2,860,921 |
Total Loans [Member] | Non ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total Loans | 3,058,324 | 2,715,069 |
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,376,022 | 1,074,696 |
Total Loans [Member] | Non ASC 310-30 [Member] | Agriculture [Member] | ||
Loans [Line Items] | ||
Total Loans | 138,895 | 134,637 |
Total Loans [Member] | Non ASC 310-30 [Member] | Energy Loans [Member] | ||
Loans [Line Items] | ||
Total Loans | 57,460 | 90,273 |
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,845,130 | 1,521,150 |
Total Loans [Member] | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Total Loans | 485,141 | 437,642 |
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Construction [Member] | ||
Loans [Line Items] | ||
Total Loans | 107,681 | 90,314 |
Total Loans [Member] | Non ASC 310-30 [Member] | Commercial Acquisition/Development [Member] | ||
Loans [Line Items] | ||
Total Loans | 14,415 | 13,306 |
Total Loans [Member] | Non ASC 310-30 [Member] | Multifamily [Member] | ||
Loans [Line Items] | ||
Total Loans | 26,947 | 24,954 |
Total Loans [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total Loans | 272,753 | 221,544 |
Total Loans [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total Loans | 336,098 | 309,068 |
Total Loans [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total Loans | 703,478 | 728,361 |
Total Loans [Member] | Non ASC 310-30 [Member] | Senior lien | ||
Loans [Line Items] | ||
Total Loans | 646,482 | 675,690 |
Total Loans [Member] | Non ASC 310-30 [Member] | Junior lien | ||
Loans [Line Items] | ||
Total Loans | 56,996 | 52,671 |
Total Loans [Member] | Non ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total Loans | 24,575 | 27,916 |
Total Loans [Member] | ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total Loans | 120,623 | 145,852 |
Total Loans [Member] | ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total Loans | 29,475 | 39,280 |
Total Loans [Member] | ASC 310-30 [Member] | Non Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total Loans | 77,908 | 89,150 |
Total Loans [Member] | ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total Loans | 12,759 | 16,524 |
Total Loans [Member] | ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total Loans | 481 | 898 |
Total Loans [Member] | Pass [Member] | ||
Loans [Line Items] | ||
Total Loans | 3,059,969 | 2,696,660 |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total Loans | 2,975,079 | 2,617,131 |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,349,116 | 1,041,326 |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Agriculture [Member] | ||
Loans [Line Items] | ||
Total Loans | 118,068 | 123,809 |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Energy Loans [Member] | ||
Loans [Line Items] | ||
Total Loans | 55,814 | 77,619 |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,773,222 | 1,444,790 |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Total Loans | 479,959 | 424,274 |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Commercial Construction [Member] | ||
Loans [Line Items] | ||
Total Loans | 107,502 | 90,099 |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Commercial Acquisition/Development [Member] | ||
Loans [Line Items] | ||
Total Loans | 14,415 | 10,758 |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Multifamily [Member] | ||
Loans [Line Items] | ||
Total Loans | 24,817 | 22,495 |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total Loans | 250,224 | 202,036 |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total Loans | 333,225 | 300,922 |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total Loans | 697,466 | 720,398 |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Senior lien | ||
Loans [Line Items] | ||
Total Loans | 641,294 | 669,148 |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Junior lien | ||
Loans [Line Items] | ||
Total Loans | 56,172 | 51,250 |
Total Loans [Member] | Pass [Member] | Non ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total Loans | 24,432 | 27,669 |
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total Loans | 84,890 | 79,529 |
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total Loans | 23,954 | 27,436 |
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member] | Non Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total Loans | 50,537 | 38,895 |
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total Loans | 10,072 | 12,477 |
Total Loans [Member] | Pass [Member] | ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total Loans | 327 | 721 |
Total Loans [Member] | Special Mention [Member] | ||
Loans [Line Items] | ||
Total Loans | 51,188 | 38,590 |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total Loans | 48,171 | 35,669 |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | ||
Loans [Line Items] | ||
Total Loans | 10,829 | 7,243 |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Agriculture [Member] | ||
Loans [Line Items] | ||
Total Loans | 18,824 | 8,922 |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total Loans | 46,683 | 25,536 |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,396 | 8,681 |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Commercial Acquisition/Development [Member] | ||
Loans [Line Items] | ||
Total Loans | 2,548 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Multifamily [Member] | ||
Loans [Line Items] | ||
Total Loans | 238 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total Loans | 17,030 | 9,371 |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,396 | 5,895 |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total Loans | 91 | 1,393 |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Senior lien | ||
Loans [Line Items] | ||
Total Loans | 91 | 1,215 |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Junior lien | ||
Loans [Line Items] | ||
Total Loans | 178 | |
Total Loans [Member] | Special Mention [Member] | Non ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total Loans | 1 | 59 |
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total Loans | 3,017 | 2,921 |
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,070 | 610 |
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Non Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total Loans | 883 | 967 |
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,055 | 1,327 |
Total Loans [Member] | Special Mention [Member] | ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total Loans | 9 | 17 |
Total Loans [Member] | Substandard [Member] | ||
Loans [Line Items] | ||
Total Loans | 66,329 | 116,558 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total Loans | 33,613 | 56,924 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | ||
Loans [Line Items] | ||
Total Loans | 14,824 | 25,636 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Agriculture [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,870 | 1,906 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Energy Loans [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,646 | 7,811 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total Loans | 23,764 | 45,490 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Total Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Total Loans | 3,786 | 4,687 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Commercial Construction [Member] | ||
Loans [Line Items] | ||
Total Loans | 179 | 215 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Multifamily [Member] | ||
Loans [Line Items] | ||
Total Loans | 2,130 | 2,221 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total Loans | 5,424 | 10,137 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Non Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,477 | 2,251 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total Loans | 5,921 | 6,559 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Senior lien | ||
Loans [Line Items] | ||
Total Loans | 5,097 | 5,316 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Junior lien | ||
Loans [Line Items] | ||
Total Loans | 824 | 1,243 |
Total Loans [Member] | Substandard [Member] | Non ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total Loans | 142 | 188 |
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total Loans | 32,716 | 59,634 |
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total Loans | 4,451 | 11,234 |
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Non Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total Loans | 26,488 | 45,520 |
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,632 | 2,720 |
Total Loans [Member] | Substandard [Member] | ASC 310-30 [Member] | Consumer [Member] | ||
Loans [Line Items] | ||
Total Loans | 145 | 160 |
Total Loans [Member] | Doubtful [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,461 | 9,113 |
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,461 | 5,345 |
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Commercial and Industrial [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,253 | 491 |
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Agriculture [Member] | ||
Loans [Line Items] | ||
Total Loans | 133 | |
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Energy Loans [Member] | ||
Loans [Line Items] | ||
Total Loans | 4,843 | |
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Commercial Loan [Member] | ||
Loans [Line Items] | ||
Total Loans | 1,461 | 5,334 |
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total Loans | $ 75 | |
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Total Loans | 11 | |
Total Loans [Member] | Doubtful [Member] | Non ASC 310-30 [Member] | Senior lien | ||
Loans [Line Items] | ||
Total Loans | 11 | |
Total Loans [Member] | Doubtful [Member] | ASC 310-30 [Member] | ||
Loans [Line Items] | ||
Total Loans | 3,768 | |
Total Loans [Member] | Doubtful [Member] | ASC 310-30 [Member] | Non Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Total Loans | $ 3,768 |
Loans - (Additional Information
Loans - (Additional Information Regarding Impaired Loans) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | $ 22,308 | $ 33,243 |
Recorded investment with no related allowance recorded | 15,465 | 20,641 |
Unpaid principal balance of impaired loans with an allowance recorded | 19,043 | 23,544 |
Recorded investment of impaired loans with an allowance recorded | 15,408 | 17,641 |
Allowance for loan losses allocated with an allowance recorded | 1,500 | 2,408 |
Unpaid principal balance, Total | 41,351 | 56,787 |
Recorded investment of impaired loans | 30,873 | 38,282 |
Loans and Leases Receivable, Allowance | 1,500 | 2,408 |
Commercial and Industrial [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 6,481 | 8,671 |
Recorded investment with no related allowance recorded | 5,055 | 7,495 |
Unpaid principal balance of impaired loans with an allowance recorded | 7,919 | 3,495 |
Recorded investment of impaired loans with an allowance recorded | 5,339 | 3,464 |
Allowance for loan losses allocated with an allowance recorded | 1,329 | 492 |
Recorded investment of impaired loans | 9,000 | |
Agriculture [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 1,502 | 2,044 |
Recorded investment with no related allowance recorded | 1,245 | 1,987 |
Unpaid principal balance of impaired loans with an allowance recorded | 2,122 | |
Recorded investment of impaired loans with an allowance recorded | 2,083 | |
Allowance for loan losses allocated with an allowance recorded | 133 | |
Recorded investment of impaired loans | 1,200 | |
Energy Loans [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 8,661 | 17,142 |
Recorded investment with no related allowance recorded | 3,861 | 6,105 |
Unpaid principal balance of impaired loans with an allowance recorded | 11,216 | |
Recorded investment of impaired loans with an allowance recorded | 6,548 | |
Allowance for loan losses allocated with an allowance recorded | 1,866 | |
Recorded investment of impaired loans | 3,900 | |
Commercial Loan [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 20,830 | 31,207 |
Recorded investment with no related allowance recorded | 14,095 | 18,784 |
Unpaid principal balance of impaired loans with an allowance recorded | 10,914 | 15,668 |
Recorded investment of impaired loans with an allowance recorded | 8,135 | 10,654 |
Allowance for loan losses allocated with an allowance recorded | 1,466 | 2,360 |
Recorded investment of impaired loans | 14,100 | |
Commercial Construction [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 215 | |
Recorded investment with no related allowance recorded | 179 | |
Multifamily [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 29 | 33 |
Recorded investment with no related allowance recorded | 29 | 33 |
Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 4,186 | 3,350 |
Recorded investment with no related allowance recorded | 3,934 | 3,197 |
Unpaid principal balance of impaired loans with an allowance recorded | 873 | 957 |
Recorded investment of impaired loans with an allowance recorded | 713 | 642 |
Allowance for loan losses allocated with an allowance recorded | 4 | 2 |
Non Owner-Occupied [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 901 | 394 |
Recorded investment with no related allowance recorded | 853 | 343 |
Unpaid principal balance of impaired loans with an allowance recorded | 207 | 261 |
Recorded investment of impaired loans with an allowance recorded | 200 | 255 |
Allowance for loan losses allocated with an allowance recorded | 1 | 1 |
Total Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 1,145 | 427 |
Recorded investment with no related allowance recorded | 1,061 | 376 |
Unpaid principal balance of impaired loans with an allowance recorded | 207 | 261 |
Recorded investment of impaired loans with an allowance recorded | 200 | 255 |
Allowance for loan losses allocated with an allowance recorded | 1 | 1 |
Senior lien | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 333 | 1,551 |
Recorded investment with no related allowance recorded | 309 | 1,426 |
Unpaid principal balance of impaired loans with an allowance recorded | 6,481 | 5,646 |
Recorded investment of impaired loans with an allowance recorded | 5,753 | 5,016 |
Allowance for loan losses allocated with an allowance recorded | 24 | 31 |
Junior lien | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 54 | |
Recorded investment with no related allowance recorded | 51 | |
Unpaid principal balance of impaired loans with an allowance recorded | 1,295 | 1,781 |
Recorded investment of impaired loans with an allowance recorded | 1,179 | 1,532 |
Allowance for loan losses allocated with an allowance recorded | 8 | 14 |
Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 333 | 1,605 |
Recorded investment with no related allowance recorded | 309 | 1,477 |
Unpaid principal balance of impaired loans with an allowance recorded | 7,776 | 7,427 |
Recorded investment of impaired loans with an allowance recorded | 6,932 | 6,548 |
Allowance for loan losses allocated with an allowance recorded | 32 | 45 |
Consumer [Member] | ||
Loans [Line Items] | ||
Unpaid principal balance with no related allowance recorded | 4 | |
Recorded investment with no related allowance recorded | 4 | |
Unpaid principal balance of impaired loans with an allowance recorded | 146 | 188 |
Recorded investment of impaired loans with an allowance recorded | 141 | 184 |
Allowance for loan losses allocated with an allowance recorded | $ 1 | $ 2 |
Loans - (Impaired Loans - Avera
Loans - (Impaired Loans - Average Recorded Investment and Interest Income Recognized) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Loans [Line Items] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | $ 20,394 | $ 27,445 | $ 16,324 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 654 | 387 | 363 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 17,975 | 21,716 | 20,326 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 144 | 382 | 252 |
Impaired Financing Receivable, Average Recorded Investment | 38,369 | 49,161 | 36,650 |
Impaired Financing Receivable, Interest Income, Cash Basis Method | 798 | 769 | 615 |
Commercial and Industrial [Member] | |||
Loans [Line Items] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 5,609 | 7,909 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 152 | 252 | 266 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 7,331 | 3,545 | 6,273 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 198 | 1 | |
Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 4,155 | 3,249 | 2,221 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 80 | 92 | 83 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 747 | 703 | 1,230 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 20 | 20 | 27 |
Agriculture [Member] | |||
Loans [Line Items] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,422 | 1,830 | 1,961 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 244 | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 2,092 | 162 | 276 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 5 | 5 | 4 |
Energy Loans [Member] | |||
Loans [Line Items] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 8,004 | 12,565 | 5,679 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 156 | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 10,008 | 3,092 | |
Commercial Loan [Member] | |||
Loans [Line Items] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 19,190 | 25,553 | 14,910 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 632 | 344 | 349 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 10,170 | 14,418 | 10,871 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 25 | 223 | 32 |
Commercial Construction [Member] | |||
Loans [Line Items] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 188 | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 188 | ||
Multifamily [Member] | |||
Loans [Line Items] | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 30 | 34 | 60 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 1 | 2 | 1 |
Non Owner-Occupied [Member] | |||
Loans [Line Items] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 878 | 368 | 157 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 22 | 22 | |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 213 | 268 | 1,667 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 9 | 13 | 48 |
Total Commercial Real Estate [Member] | |||
Loans [Line Items] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 878 | 368 | 345 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 22 | 22 | |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 431 | 302 | 1,727 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 10 | 15 | 49 |
Senior lien | |||
Loans [Line Items] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 326 | 1,466 | 956 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 19 | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 5,986 | 5,200 | 5,911 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 67 | 88 | 119 |
Impaired Financing Receivable, Interest Income, Cash Basis Method | 15 | ||
Junior lien | |||
Loans [Line Items] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 54 | 113 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 2 | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 1,225 | 1,600 | 1,725 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 42 | 56 | 51 |
Residential Real Estate Segment [Member] | |||
Loans [Line Items] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 326 | 1,520 | 1,069 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 21 | 15 | |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 7,211 | 6,800 | 7,636 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 109 | 144 | 170 |
Consumer [Member] | |||
Loans [Line Items] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 4 | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | $ 163 | $ 196 | 92 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 1 | ||
Impaired Loans With No Related Allowance Recorded [Member] [Member] | |||
Loans [Line Items] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | $ 5,049 |
Loans - Troubled Debt Restructu
Loans - Troubled Debt Restructuring and Loans Accounted for Under ASC Topic 310-30 Narratives (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Debt Instrument [Line Items] | ||
Change in Non-accruing TDRs | $ 9.4 | |
Troubled Debt Restructurings [Member] | ||
Debt Instrument [Line Items] | ||
Recorded investment | 2.1 | |
Commercial Loan [Member] | ||
Debt Instrument [Line Items] | ||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 3.2 | $ 6.4 |
Residential [Member] | ||
Debt Instrument [Line Items] | ||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 0.4 |
Loans - (Additional Informati73
Loans - (Additional Information Related to Accruing TDR's) (Details) - Accruing TDR [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Loans [Line Items] | ||
Recorded investment | $ 8,460 | $ 5,767 |
Average year-to- date recorded investment | 9,261 | 6,017 |
Unpaid principal balance | 9,092 | 6,030 |
Unfunded commitments to fund TDRs | 2,043 | 102 |
Commercial [Member] | ||
Loans [Line Items] | ||
Recorded investment | 6,595 | 3,302 |
Average year-to- date recorded investment | 7,308 | 3,440 |
Unpaid principal balance | 7,171 | 3,464 |
Unfunded commitments to fund TDRs | 2,041 | 100 |
Commercial Real Estate [Member] | ||
Loans [Line Items] | ||
Recorded investment | 455 | 538 |
Average year-to- date recorded investment | 489 | 572 |
Unpaid principal balance | 500 | 590 |
Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Recorded investment | 1,409 | 1,920 |
Average year-to- date recorded investment | 1,461 | 1,996 |
Unpaid principal balance | 1,420 | 1,969 |
Unfunded commitments to fund TDRs | 2 | 2 |
Consumer [Member] | ||
Loans [Line Items] | ||
Recorded investment | 1 | 7 |
Average year-to- date recorded investment | 3 | 9 |
Unpaid principal balance | $ 1 | $ 7 |
Loans - (Summary of Company's C
Loans - (Summary of Company's Carrying Value of Non-Accrual TDR's) (Details) - Non-Accruing TDR [Member] - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Loans [Line Items] | ||
Carrying Value of Non - Accruing TDR's | $ 7,255 | $ 16,708 |
Commercial [Member] | ||
Loans [Line Items] | ||
Carrying Value of Non - Accruing TDR's | 5,808 | 15,265 |
Residential Real Estate Segment [Member] | ||
Loans [Line Items] | ||
Carrying Value of Non - Accruing TDR's | 1,336 | 1,301 |
Consumer [Member] | ||
Loans [Line Items] | ||
Carrying Value of Non - Accruing TDR's | $ 111 | $ 142 |
Loans - (Re-Measurement of Loan
Loans - (Re-Measurement of Loans Accounted for Under ASC Topic 310-30 Resulting in Changes in Carrying Amount of Accretable Yield) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward] | ||
Accretable yield beginning balance | $ 60,476 | $ 84,194 |
Reclassification from non-accretable difference | 11,398 | 14,316 |
Reclassification to non-accretable difference | (2,801) | (4,778) |
Accretion | (22,505) | (33,256) |
Accretable yield ending balance | $ 46,568 | $ 60,476 |
Loans - (Composition of Net Boo
Loans - (Composition of Net Book Value for Loans Accounted for under ASC Topic 310-30) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Receivables [Abstract] | ||
Contractual cash flows | $ 489,892 | $ 537,611 |
Non-accretable difference | (322,701) | (331,283) |
Accretable yield | (46,568) | (60,476) |
Loans accounted for under ASC 310-30 | $ 120,623 | $ 145,852 |
Allowance for Loan Losses - (Su
Allowance for Loan Losses - (Summary of Company's Allowance for Loan Losses ("All") and Recorded Investment in Loans) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2017 | Dec. 31, 2016 | |
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | $ 29,174 | $ 27,119 | |||
Provision (recoupment) for loan losses | 12,972 | 23,651 | $ 12,444 | ||
Ending balance | 31,264 | 29,174 | 27,119 | ||
Carrying amount of loan investments | $ 3,178,947 | $ 2,860,921 | |||
Loans | 29,174 | 27,119 | 27,119 | 31,264 | 29,174 |
Total Loans | 3,178,947 | 2,860,921 | |||
Non ASC 310-30 [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 28,949 | 26,042 | |||
Charge-offs | (11,315) | (22,143) | |||
Recoveries | 433 | 594 | |||
Provision (recoupment) for loan losses | 13,126 | 24,456 | |||
Ending balance | 31,193 | 28,949 | 26,042 | ||
Ending allowance balance individually evaluated for impairment | 1,501 | 2,409 | |||
Ending allowance balance collectively evaluated for impairment | 29,692 | 26,540 | |||
Loans individually evaluated for impairment | 30,873 | 37,576 | |||
Loans collectively evaluated for impairment | 3,027,451 | 2,677,493 | |||
Carrying amount of loan investments | 3,058,324 | 2,715,069 | |||
Loans | 28,949 | 26,042 | 26,042 | 31,193 | 28,949 |
Total Loans | 3,058,324 | 2,715,069 | |||
ASC 310-30 [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 225 | 1,077 | |||
Charge-offs | (47) | ||||
Provision (recoupment) for loan losses | (154) | (805) | |||
Ending balance | 71 | 225 | 1,077 | ||
Carrying amount of loan investments | 120,623 | 145,852 | |||
Loans | 225 | 1,077 | 1,077 | 71 | 225 |
Total Loans | 120,623 | 145,852 | |||
ASC 310-30 [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 145,852 | ||||
Ending balance | 120,623 | 145,852 | |||
Loans | 145,852 | 145,852 | 120,623 | 145,852 | |
Commercial Portfolio Segment [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 18,821 | 17,261 | |||
Ending balance | 21,385 | 18,821 | 17,261 | ||
Carrying amount of loan investments | 1,874,605 | 1,560,430 | |||
Loans | 18,821 | 17,261 | 17,261 | 21,385 | 18,821 |
Total Loans | 1,874,605 | 1,560,430 | |||
Commercial Portfolio Segment [Member] | Non ASC 310-30 [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 18,821 | 16,473 | |||
Charge-offs | (10,342) | (20,684) | |||
Recoveries | 99 | 89 | |||
Provision (recoupment) for loan losses | 12,762 | 22,943 | |||
Ending balance | 21,340 | 18,821 | 16,473 | ||
Ending allowance balance individually evaluated for impairment | 1,466 | 2,360 | |||
Ending allowance balance collectively evaluated for impairment | 19,874 | 16,461 | |||
Loans individually evaluated for impairment | 22,232 | 29,411 | |||
Loans collectively evaluated for impairment | 1,822,898 | 1,491,739 | |||
Loans | 18,821 | 16,473 | 16,473 | 21,340 | 18,821 |
Commercial Portfolio Segment [Member] | ASC 310-30 [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 788 | ||||
Provision (recoupment) for loan losses | 45 | (788) | |||
Ending balance | 45 | 788 | |||
Loans | 45 | 788 | 788 | 45 | |
Commercial Portfolio Segment [Member] | ASC 310-30 [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 39,280 | ||||
Ending balance | 29,475 | 39,280 | |||
Loans | 39,280 | 39,280 | 29,475 | 39,280 | |
Non Owner-Occupied [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 5,642 | 4,166 | |||
Ending balance | 5,609 | 5,642 | 4,166 | ||
Carrying amount of loan investments | 563,049 | 526,792 | |||
Loans | 5,642 | 4,166 | 4,166 | 5,609 | 5,642 |
Total Loans | 563,049 | 526,792 | |||
Non Owner-Occupied [Member] | Non ASC 310-30 [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 5,422 | 3,939 | |||
Charge-offs | (280) | ||||
Recoveries | 20 | 123 | |||
Provision (recoupment) for loan losses | 141 | 1,640 | |||
Ending balance | 5,583 | 5,422 | 3,939 | ||
Ending allowance balance individually evaluated for impairment | 2 | 1 | |||
Ending allowance balance collectively evaluated for impairment | 5,581 | 5,421 | |||
Loans individually evaluated for impairment | 1,260 | 631 | |||
Loans collectively evaluated for impairment | 483,881 | 437,011 | |||
Loans | 5,422 | 3,939 | 3,939 | 5,583 | 5,422 |
Non Owner-Occupied [Member] | ASC 310-30 [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 220 | 227 | |||
Charge-offs | (41) | ||||
Provision (recoupment) for loan losses | (194) | 34 | |||
Ending balance | 26 | 220 | 227 | ||
Loans | 220 | 227 | 227 | 26 | 220 |
Non Owner-Occupied [Member] | ASC 310-30 [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 89,150 | ||||
Ending balance | 77,908 | 89,150 | |||
Loans | 89,150 | 89,150 | 77,908 | 89,150 | |
Residential Portfolio Segment [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 4,387 | 5,281 | |||
Ending balance | 3,965 | 4,387 | 5,281 | ||
Carrying amount of loan investments | 716,237 | 744,885 | |||
Loans | 4,387 | 5,281 | 5,281 | 3,965 | 4,387 |
Total Loans | 716,237 | 744,885 | |||
Residential Portfolio Segment [Member] | Non ASC 310-30 [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 4,387 | 5,245 | |||
Charge-offs | (236) | (408) | |||
Recoveries | 129 | 108 | |||
Provision (recoupment) for loan losses | (315) | (558) | |||
Ending balance | 3,965 | 4,387 | 5,245 | ||
Ending allowance balance individually evaluated for impairment | 32 | 46 | |||
Ending allowance balance collectively evaluated for impairment | 3,933 | 4,341 | |||
Loans individually evaluated for impairment | 7,240 | 7,346 | |||
Loans collectively evaluated for impairment | 696,238 | 721,015 | |||
Loans | 4,387 | 5,245 | 5,245 | 3,965 | 4,387 |
Residential Portfolio Segment [Member] | ASC 310-30 [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 36 | ||||
Provision (recoupment) for loan losses | (36) | ||||
Ending balance | 36 | ||||
Loans | 36 | 36 | |||
Residential Portfolio Segment [Member] | ASC 310-30 [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 16,524 | ||||
Ending balance | 12,759 | 16,524 | |||
Loans | 16,524 | 16,524 | 12,759 | 16,524 | |
Consumer Loan [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 324 | 411 | |||
Ending balance | 305 | 324 | 411 | ||
Carrying amount of loan investments | 25,056 | 28,814 | |||
Loans | 324 | 411 | 411 | 305 | 324 |
Total Loans | 25,056 | 28,814 | |||
Consumer Loan [Member] | Non ASC 310-30 [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 319 | 385 | |||
Charge-offs | (737) | (771) | |||
Recoveries | 185 | 274 | |||
Provision (recoupment) for loan losses | 538 | 431 | |||
Ending balance | 305 | 319 | 385 | ||
Ending allowance balance individually evaluated for impairment | 1 | 2 | |||
Ending allowance balance collectively evaluated for impairment | 304 | 317 | |||
Loans individually evaluated for impairment | 141 | 188 | |||
Loans collectively evaluated for impairment | 24,434 | 27,728 | |||
Loans | 319 | 385 | 385 | 305 | 319 |
Consumer Loan [Member] | ASC 310-30 [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 5 | 26 | |||
Charge-offs | (6) | ||||
Provision (recoupment) for loan losses | (5) | (15) | |||
Ending balance | 5 | 26 | |||
Loans | 5 | 26 | $ 26 | 5 | |
Consumer Loan [Member] | ASC 310-30 [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 898 | ||||
Ending balance | 481 | 898 | |||
Loans | $ 898 | $ 898 | $ 481 | $ 898 |
Premises and Equipment (Schedul
Premises and Equipment (Schedule of Premises and Equipment) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Property, Plant and Equipment [Line Items] | ||
Premises and equipment | $ 148,492 | $ 141,911 |
Less: accumulated depreciation and amortization | (54,784) | (46,240) |
Property, Plant and Equipment, Net, Total | 93,708 | 95,671 |
Land [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment | 28,698 | 29,864 |
Building Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment | 73,703 | 69,980 |
Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment | $ 46,091 | $ 42,067 |
Premises and Equipment (Narrati
Premises and Equipment (Narrative) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Property, Plant and Equipment [Abstract] | |||
Depreciation expense | $ 7,600 | $ 8,700 | $ 10,100 |
Property, Plant and Equipment, Disposals | $ 2,300 | 3,500 | 100 |
Banking center consolidation related expenses | $ 1,411 | ||
Buildings classified as held-for-sale | $ 1,600 |
Premises and Equipment (Summary
Premises and Equipment (Summary of Future Minimum Lease Payments) (Details) $ in Thousands | Dec. 31, 2017USD ($) |
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | |
2,017 | $ 3,158 |
2,018 | 3,092 |
2,019 | 2,981 |
2,020 | 3,091 |
2,021 | 3,052 |
Thereafter | 12,210 |
Total | $ 27,584 |
Other Real Estate Owned - (Summ
Other Real Estate Owned - (Summary of Activity in OREO Balances) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Other Real Estate [Roll Forward] | |||
Balance | $ 15,662 | $ 20,814 | |
Transfers from loan portfolio, at fair value | 1,800 | 6,868 | $ 4,576 |
Impairments | (766) | (298) | |
Sales, net | (6,205) | (11,722) | |
Balance | $ 10,491 | $ 15,662 | $ 20,814 |
Other Real Estate Owned - (Narr
Other Real Estate Owned - (Narrative) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
FDIC Loss-Sharing Related | |||
Minority interests in OREO which are held by outside banks | $ 700 | $ 1,600 | |
Gain on sale of OREO, net | $ 4,150 | $ 4,383 | $ 2,776 |
Goodwill and Intangible Asset83
Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands | 12 Months Ended | 36 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2017 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||||
Intangible assets | $ 38,400 | $ 38,400 | ||
Amortizing the core deposit intangibles (in years) | 7 years | |||
Intangible asset amortization | $ 5,300 | $ 5,500 | $ 5,400 | |
Finite-Lived Intangible Assets, Accumulated Amortization | 36,800 | 31,500 | 36,800 | |
Goodwill | $ 59,630 | $ 59,630 | 59,630 | |
Goodwill Impairment | $ 0 |
Goodwill and Intangible Asset84
Goodwill and Intangible Assets (Summary of Estimated Future Amortization Expense) (Details) $ in Thousands | Dec. 31, 2017USD ($) |
Estimated future amortization expense | |
Intangible amortization expense, 2018 | $ 1,122 |
Intangible amortization expense, 2019 | 135 |
Intangible amortization expense, 2020 | 135 |
Intangible amortization expense, 2021 | 135 |
Intangible amortization expense, 2022 | $ 79 |
Deposits - (Narrative) (Details
Deposits - (Narrative) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Total Deposits | $ 3,979,559 | $ 3,868,649 |
Time deposits | 1,118,050 | 1,172,046 |
Amount of certificates of deposit that meet or exceed insurance limit | $ 140,700 | 119,700 |
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | ||
Total Deposits | 103,000 | |
Time deposits | $ 51,600 |
Deposits - (Summary of Time Dep
Deposits - (Summary of Time Deposits Based Upon Contractual Maturity) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Deposits [Abstract] | ||
Time Deposit Maturities, Next Twelve Months | $ 684,622 | |
Time Deposit Maturities, Year Two | 308,139 | |
Time Deposit Maturities, Year Three | 100,275 | |
Time Deposit Maturities, Year Four | 7,044 | |
Time Deposit Maturities, Year Five | 14,389 | |
Time Deposit Maturities, after Year Five | 3,581 | |
Time Deposits, Total | $ 1,118,050 | $ 1,172,046 |
Deposits - (Schedule of Interes
Deposits - (Schedule of Interest Expense on Deposits) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Deposits [Abstract] | |||
Interest bearing demand deposits | $ 445 | $ 369 | $ 315 |
Money market accounts | 4,077 | 3,600 | 3,372 |
Savings accounts | 1,481 | 1,016 | 837 |
Time deposits | 10,169 | 8,978 | 9,085 |
Interest Expense, Deposits, Total | $ 16,172 | $ 13,963 | $ 13,609 |
Borrowings (Narrative) (Details
Borrowings (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2020 | Dec. 31, 2018 | |
Assets Sold under Agreements to Repurchase [Line Items] | |||||
Fair value of collateral | $ 5.7 | $ 7 | $ 68.1 | ||
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Due Date, Earliest | 2,018 | ||||
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Due Date, Last | 2,020 | ||||
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Amount of Advances | 129.1 | 25 | 25 | ||
Federal Home Loan Bank of Topeka [Member] | |||||
Assets Sold under Agreements to Repurchase [Line Items] | |||||
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | 806.7 | ||||
Federal Home Loan Bank of Des Moines [Member] | |||||
Assets Sold under Agreements to Repurchase [Line Items] | |||||
Fair value of collateral | 28.1 | 28.8 | 41.7 | ||
Interest expense related to FHLB advances | $ 1.8 | $ 0.7 | $ 0.7 | ||
Federal Home Loan Bank of Des Moines [Member] | Minimum | |||||
Assets Sold under Agreements to Repurchase [Line Items] | |||||
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 1.31% | ||||
Federal Home Loan Bank of Des Moines [Member] | Maximum | |||||
Assets Sold under Agreements to Repurchase [Line Items] | |||||
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 2.33% | ||||
Maturity Overnight [Member] | |||||
Assets Sold under Agreements to Repurchase [Line Items] | |||||
Average interest rate | 0.19% | 0.14% | 0.09% | ||
Maturity on Demand [Member] | |||||
Assets Sold under Agreements to Repurchase [Line Items] | |||||
Amount of repurchase agreements | $ 0 | ||||
U.S. Treasury Securities [Member] | |||||
Assets Sold under Agreements to Repurchase [Line Items] | |||||
Fair value of collateral | $ 136.1 | $ 99.1 | $ 205.7 |
Borrowings (Schedule of Selecte
Borrowings (Schedule of Selected Information Regarding Repurchase Agreements) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Deposits [Abstract] | |||
Maximum amount of outstanding agreements at any month end during the period | $ 130,463 | $ 154,404 | $ 288,591 |
Average amount outstanding during the period | $ 88,390 | $ 109,246 | $ 197,726 |
Weighted average interest rate for the period | 0.19% | 0.14% | 0.09% |
Regulatory Capital - (Capital R
Regulatory Capital - (Capital Ratio Requirements under Prompt Corrective Action or Other Regulatory Requirements) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Parent Company [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Leverage Ratio | 9.80% | 10.40% |
Common equity risk-based ratio | 12.90% | 14.20% |
Risk-based capital Ratio | 12.90% | 14.20% |
Total risk-based capital Ratio | 13.80% | 15.00% |
Leverage Amount | $ 470,877 | $ 470,259 |
Common equity risk-based amount | 470,877 | 470,259 |
Risk-based capital amount | 470,877 | 470,259 |
Total risk-based capital Amount | $ 502,917 | $ 499,759 |
Required to be considered adequately capitalized Ratio, leverage ratio | 4.00% | 4.00% |
Required to be considered adequately capitalized Ratio, risk-based common equity capital ratio | 7.00% | 7.00% |
Required to be considered adequately capitalized Ratio, risk-based capital ratio | 8.50% | 8.50% |
Required to be considered adequately capitalized Ratio, Total risk-based capital ratio | 10.50% | 10.50% |
Required to be considered adequately capitalized leverage Amount | $ 191,559 | $ 181,019 |
Required to be considered adequately capitalized common equity capital amount | 335,228 | 316,784 |
Required to be considered adequately capitalized risk-based capital Amount | 309,400 | 282,578 |
Required to be considered adequately capitalized Total risk-based capital Amount | $ 382,200 | $ 349,067 |
NBH Bank [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Leverage Ratio | 8.10% | 8.60% |
Common equity risk-based ratio | 10.60% | 11.80% |
Risk-based capital Ratio | 10.60% | 11.80% |
Total risk-based capital Ratio | 11.50% | 12.70% |
Leverage Amount | $ 382,918 | $ 389,189 |
Common equity risk-based amount | 382,918 | 389,189 |
Risk-based capital amount | 382,918 | 389,189 |
Total risk-based capital Amount | $ 414,958 | $ 418,689 |
Required to be considered well capitalized Ratio, leverage ratio | 5.00% | 4.50% |
Required to be considered adequately capitalized Ratio, risk-based common equity capital ratio | 6.50% | 6.50% |
Required to be considered well capitalized Ratio, risk-based capital ratio | 8.00% | 8.00% |
Required to be considered well capitalized Ratio, Total risk-based capital ratio | 10.00% | 10.00% |
Required to be considered well capitalized leverage Amount | $ 237,772 | $ 202,903 |
Required to be considered well capitalized common equity capital amount | 309,103 | 293,082 |
Required to be considered well capitalized risk-based capital Amount | 289,022 | 264,596 |
Required to be considered well capitalized Total risk-based capital Amount | $ 361,277 | $ 330,745 |
Required to be considered adequately capitalized Ratio, leverage ratio | 4.00% | 4.00% |
Required to be considered adequately capitalized Ratio, risk-based common equity capital ratio | 7.00% | 7.00% |
Required to be considered adequately capitalized Ratio, risk-based capital ratio | 8.50% | 8.50% |
Required to be considered adequately capitalized Ratio, Total risk-based capital ratio | 10.50% | 10.50% |
Required to be considered adequately capitalized leverage Amount | $ 190,217 | $ 180,358 |
Required to be considered adequately capitalized common equity capital amount | 332,881 | 315,627 |
Required to be considered adequately capitalized risk-based capital Amount | 307,086 | 281,133 |
Required to be considered adequately capitalized Total risk-based capital Amount | $ 379,341 | $ 347,282 |
FDIC Loss-Sharing Related
FDIC Loss-Sharing Related | 12 Months Ended |
Dec. 31, 2017 | |
FDIC Loss-Sharing Related | |
FDIC Loss-Sharing Related | Note 14 FDIC Loss-Sharing Related During the fourth quarter of 2015, the Bank entered into an early termination agreement with the FDIC, terminating its loss-share agreements. The Bank paid consideration of $15.1 million to the FDIC for the termination of the agreements. Additionally, the Bank recorded a pre-tax gain of $4.9 million in the fourth quarter of 2015, which was recorded in FDIC loss-sharing related income in the consolidated statements of operations. FDIC related income during 2015 was $(15.6) million, mostly driven by FDIC indemnification asset amortization. |
FDIC Loss-Sharing Related (Deta
FDIC Loss-Sharing Related (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Dec. 31, 2016 | Dec. 31, 2015 | |
FDIC Loss-Sharing Related | ||
Consideration paid for the termination of the agreements with the FDIC | $ 15,100 | |
Gain (loss) on FDIC termination | $ 4,900 | |
FDIC loss-sharing related | $ (15,553) |
Stock-based Compensation and Em
Stock-based Compensation and Employee Benefits - (Narrative) (Details) - USD ($) | 6 Months Ended | 9 Months Ended | 12 Months Ended | 15 Months Ended | 36 Months Ended | 69 Months Ended | ||
Mar. 31, 2017 | Dec. 31, 2017 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2017 | Dec. 31, 2017 | Sep. 30, 2016 | |
NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Number of shares authorized | 5,754,830 | 5,754,830 | 5,754,830 | 5,754,830 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Reduction in Number of Shares for Every One Option or Stock Appreciation Right Granted | 1 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Reduction in Number of Shares for Every One Award Other Than An Option or Stock Appreciation Right Granted | 3.25 | |||||||
Stock options [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Common Stock, Dividends, Per Share, Declared | $ 0.07 | $ 0.09 | ||||||
Stock based compensation expense | $ 700,000 | $ 700,000 | $ 700,000 | |||||
Unrecognized compensation expense | $ 500,000 | $ 500,000 | $ 500,000 | $ 500,000 | ||||
Unrecognized compensation cost, weighted-average period, years | 2 years | |||||||
Stock options [Member] | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Award Vesting Rights, Percentage | 33.33% | |||||||
Restricted Stock [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Awards granted (in shares) | 66,471 | 122,992 | ||||||
Weighted average grant-date fair value, Granted (in dollars per share) | $ 33.43 | $ 19.15 | ||||||
Stock based compensation expense | $ 2,200,000 | $ 2,400,000 | 2,600,000 | |||||
Market-based stock awards | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Awards granted (in shares) | 26,594 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Performance Period | 5 years | |||||||
Weighted average grant-date fair value, Granted (in dollars per share) | $ 11.28 | |||||||
Unrecognized compensation expense | 100,000 | $ 100,000 | 100,000 | $ 100,000 | ||||
Unrecognized compensation cost, weighted-average period, years | 1 year 2 months 12 days | |||||||
Performance stock units | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Awards granted (in shares) | 49,758 | 91,342 | ||||||
Weighted average grant-date fair value, Granted (in dollars per share) | $ 33.22 | $ 18.22 | ||||||
Stock based compensation expense | $ 800,000 | $ 400,000 | $ 0 | |||||
Performance stock units | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Awards granted (in shares) | 49,758 | 91,342 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Performance Period | 3 years | |||||||
Unrecognized compensation expense | $ 1,600,000 | $ 1,600,000 | $ 1,600,000 | $ 1,600,000 | ||||
Unrecognized compensation cost, weighted-average period, years | 1 year 9 months 18 days | |||||||
Performance stock units | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | EPS target | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Percentage of awards based on performance type | 60.00% | |||||||
Weighted average grant-date fair value, Granted (in dollars per share) | $ 34.04 | |||||||
Performance stock units | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | TSR target | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Percentage of awards based on performance type | 40.00% | |||||||
Weighted average grant-date fair value, Granted (in dollars per share) | $ 32.06 | |||||||
Employee Stock [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Number of shares authorized | 400,000 | 400,000 | 400,000 | 400,000 | ||||
Maximum stock purchases by employees, value | $ 25,000 | |||||||
Maximum stock purchases by employees (in shares) | 2,000 | |||||||
Discount on purchase of common stock (as a percent) | 90.00% | |||||||
Offering period for employee stock purchases | 6 months | |||||||
Employees purchased shares under the ESPP (in shares) | 11,178 | 19,178 | ||||||
Shares available for issuance | 355,159 | 355,159 | 355,159 | 355,159 | ||||
Minimum | Stock options [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Vesting period | 1 year | |||||||
Share Based Compensation Arrangement By Share Based Payment Award Options Granted Contractual Term | 7 years | |||||||
Common Stock, Dividends, Per Share, Declared | $ 0.05 | |||||||
Minimum | Restricted Stock [Member] | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Vesting period | 1 year | |||||||
Minimum | Performance stock units | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Percentage of initial target awards | 0.00% | |||||||
Maximum | Stock options [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Vesting period | 4 years | |||||||
Share Based Compensation Arrangement By Share Based Payment Award Options Granted Contractual Term | 10 years | |||||||
Common Stock, Dividends, Per Share, Declared | $ 0.07 | |||||||
Maximum | Restricted Stock [Member] | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Vesting period | 3 years | |||||||
Maximum | Performance stock units | NBH Holdings Corp. 2014 Omnibus Incentive Plan [Member] | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||
Percentage of initial target awards | 150.00% |
Stock-based Compensation and 94
Stock-based Compensation and Benefits - (Summary of Option Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ||
Outstanding Options, beginning | 2,185,922 | 2,596,251 |
Granted, Options | 100,401 | |
Forfeited, Options | (29,634) | |
Exercised, Options | (658,371) | |
Outstanding Options, ending | 1,598,318 | 2,185,922 |
Options fully vested and exercisable at end of period, Options | 1,372,300 | |
Options expected to vest, Options | 1,581,184 | |
Outstanding, Weighted average exercise price, beginning | $ 19.81 | $ 19.84 |
Granted, Weighted average exercise price | 33.98 | |
Forfeited, Weighted average exercise price | 19.82 | |
Exercised, Weighted average exercise price | 19.91 | |
Outstanding, Weighted average exercised price, ending | 20.62 | $ 19.81 |
Options fully vested and exercisable at end of period, Weighted average exercise price | 19.82 | |
Options expected to vest, Weighted average exercise price | $ 20.54 | |
Outstanding, Weighted average remaining contractual term in years | 4 years 26 days | 4 years 10 months 6 days |
Options fully vested and exercisable at end of period, weighted average remaining contractual term in years | 3 years 4 months 6 days | |
Options expected to vest, Weighted average remaining contractual term in years | 4 years 7 days | |
Outstanding, Aggregate intrinsic value, beginning | $ 7,753 | |
Outstanding, Outstanding, Aggregate intrinsic value, beginning | 19,017 | $ 7,753 |
Aggregate intrinsic Value of Options fully vested and exercisable at end of period | 17,306 | |
Options expected to vest, Aggregate Intrinsic Value | $ 18,924 |
Stock-based Compensation and 95
Stock-based Compensation and Benefits (Schedule Of Weighted Average Assumptions Using Black-Scholes option-Pricing Model) (Details) - Stock options [Member] - $ / shares | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Share Based Compensation [Line Items] | |||
Weighted average fair value | $ 7.84 | $ 4.24 | $ 4.37 |
Risk-free interest rate | 2.14% | 1.47% | 1.59% |
Expected volatility | 21.61% | 22.47% | 23.87% |
Expected term (years) | 6 years 1 month 2 days | 6 years 1 month 2 days | 6 years 4 days |
Dividend yield | 0.83% | 1.02% | 1.05% |
Stock-based Compensation and 96
Stock-based Compensation and Benefits - (Summary of Restricted Stock Activity) (Details) - $ / shares | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Restricted Stock [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ||
Unvested Restricted shares, Beginning (in shares) | 499,271 | 836,031 |
Unvested Restricted shares, Vested (in shares) | (380,956) | (431,155) |
Unvested Restricted shares, Granted (in shares) | 66,471 | 122,992 |
Unvested Restricted shares, Forfeited (in shares) | (21,229) | (28,597) |
Unvested Restricted shares, Ending (in shares) | 163,557 | 499,271 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ||
Weighted average grant-date fair value, Beginning (in dollars per share) | $ 15.82 | $ 15.42 |
Weighted average grant-date fair value, Vested (in dollars per share) | 15.40 | 15.78 |
Weighted average grant-date fair value, Granted (in dollars per share) | 33.43 | 19.15 |
Weighted average grant-date fair value, Forfeited (in dollars per share) | 18.73 | 18.95 |
Weighted average grant-date fair value, Ending (in dollars per share) | $ 22.60 | $ 15.82 |
Performance stock units | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | ||
Unvested Restricted shares, Beginning (in shares) | 85,295 | |
Unvested Restricted shares, Granted (in shares) | 49,758 | 91,342 |
Unvested Restricted shares, Forfeited (in shares) | (9,971) | (6,047) |
Unvested Restricted shares, Ending (in shares) | 125,082 | 85,295 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ||
Weighted average grant-date fair value, Beginning (in dollars per share) | $ 18.22 | |
Weighted average grant-date fair value, Granted (in dollars per share) | 33.22 | $ 18.22 |
Weighted average grant-date fair value, Forfeited (in dollars per share) | 21.78 | 18.22 |
Weighted average grant-date fair value, Ending (in dollars per share) | $ 23.90 | $ 18.22 |
Stock-based Compensation and 97
Stock-based Compensation and Benefits (Summarizes Information about Outstanding Stock Options) (Details) - $ / shares | 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, Number | 1,598,318 | 2,185,922 | 2,596,251 |
Options Outstanding, Weighted Average Remaining Contractual Life in years | 4 years 26 days | 4 years 10 months 6 days | |
Options Outstanding, Weighted Average Exercise Price | $ 20.62 | $ 19.81 | $ 19.84 |
Options Vested, Number | 1,581,184 | ||
Options Vested, Weighted Average Exercise Price | $ 20.54 | ||
18.00 - 18.99 | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Options Outstanding, Low Range of Exercise Price | 18 | ||
Options Outstanding, High Range of Exercise Price | $ 18.99 | ||
Options Outstanding, Number | 129,327 | ||
Options Outstanding, Weighted Average Remaining Contractual Life in years | 5 years 10 months 6 days | ||
Options Outstanding, Weighted Average Exercise Price | $ 18.55 | ||
Options Vested, Number | 129,145 | ||
Options Vested, Weighted Average Exercise Price | $ 18.55 | ||
19.00 - 19.99 | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Options Outstanding, Low Range of Exercise Price | 19 | ||
Options Outstanding, High Range of Exercise Price | $ 19.99 | ||
Options Outstanding, Number | 243,649 | ||
Options Outstanding, Weighted Average Remaining Contractual Life in years | 7 years 9 months 11 days | ||
Options Outstanding, Weighted Average Exercise Price | $ 19.38 | ||
Options Vested, Number | 115,278 | ||
Options Vested, Weighted Average Exercise Price | $ 19.31 | ||
20.00 - 20.99 | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Options Outstanding, Low Range of Exercise Price | $ 21 | ||
Options Outstanding, Number | 1,126,549 | ||
Options Outstanding, Weighted Average Remaining Contractual Life in years | 2 years 7 months 10 days | ||
Options Outstanding, Weighted Average Exercise Price | $ 20.01 | ||
Options Vested, Number | 1,125,577 | ||
Options Vested, Weighted Average Exercise Price | $ 20.01 | ||
21.00 and above | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Options Outstanding, Number | 98,793 | ||
Options Outstanding, Weighted Average Remaining Contractual Life in years | 9 years 1 month 21 days | ||
Options Outstanding, Weighted Average Exercise Price | $ 33.42 | ||
Options Vested, Number | 2,300 | ||
Options Vested, Weighted Average Exercise Price | $ 23.98 |
Warrants (Narrative) (Details)
Warrants (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Warrants and Rights Note Disclosure [Abstract] | |||
Warrants granted, exercise price per share | $ 20 | $ 20 | |
Warrants settled or exercised | 250,750 | 475,000 | |
Expense (benefit) from the change in fair value of warrant liability or settlement | $ 106 |
Common Stock - (Narrative) (Det
Common Stock - (Narrative) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Schedule Of Common Stock [Line Items] | |||
Shares repurchased (shares) | 4,500,936 | 8,645,836 | |
Repurchase of shares | $ 93,573 | $ 175,048 | |
Shares outstanding | 26,875,585 | 26,386,583 | |
Common Class A [Member] | |||
Schedule Of Common Stock [Line Items] | |||
Shares outstanding | 26,875,585 | 26,386,583 | |
Restricted issued but not yet vested, shares | 163,557 | 499,271 | |
New Board Authorized Share Repurchase Program | |||
Schedule Of Common Stock [Line Items] | |||
Remaining authorized amount | $ 12,600 |
Income Per Share - (Narrative)
Income Per Share - (Narrative) (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Shares outstanding | 26,875,585 | 26,386,583 | |
Outstanding stock options to purchase common stock | 1,598,318 | 2,185,922 | 2,596,251 |
Outstanding stock options to purchase common stock, per share | $ 20.62 | $ 19.81 | $ 19.84 |
Warrants granted, exercise price per share | $ 20 | $ 20 | |
Restricted shares outstanding | 288,639 | 499,271 | 836,031 |
Warrant [Member] | |||
Dilutive Convertible Securities | 8,504 | 73,451 | 4,170 |
Income Per Share - (Schedule of
Income Per Share - (Schedule of Computation of Basic and Diluted Income Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||||||||||||||
Net income | $ (10,119) | $ 7,231 | $ 9,209 | $ 8,258 | $ 9,991 | $ 8,314 | $ 4,504 | $ 251 | $ 3,340 | $ 1,636 | $ (1,341) | $ 1,246 | $ 14,579 | $ 23,060 | $ 4,881 |
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | (56) | (52) | (53) | ||||||||||||
Income available to common stockholders (numerator) | $ 14,523 | $ 23,008 | $ 4,828 | ||||||||||||
Weighted average common shares outstanding (denominator) | 26,928,763 | 28,313,061 | 34,349,996 | ||||||||||||
Weighted average shares outstanding for diluted earnings per common share | 27,709,659 | 29,091,343 | 34,363,487 | ||||||||||||
Income per share-basic (in dollars per share) | $ (0.37) | $ 0.27 | $ 0.34 | $ 0.31 | $ 0.38 | $ 0.30 | $ 0.15 | $ 0.01 | $ 0.11 | $ 0.05 | $ (0.04) | $ 0.03 | $ 0.54 | $ 0.81 | $ 0.14 |
Income per share-diluted (in dollars per share) | $ (0.37) | $ 0.26 | $ 0.33 | $ 0.30 | $ 0.36 | $ 0.30 | $ 0.15 | $ 0.01 | $ 0.11 | $ 0.05 | $ (0.04) | $ 0.03 | $ 0.53 | $ 0.79 | $ 0.14 |
Equity Option [Member] | |||||||||||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||||||||||||||
Dilutive Convertible Securities | 772,392 | 704,831 | 9,321 | ||||||||||||
Warrant [Member] | |||||||||||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||||||||||||||
Dilutive Convertible Securities | 8,504 | 73,451 | 4,170 |
Income Taxes (Components of Inc
Income Taxes (Components of Income Tax Expense) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Current expense: [Abstract] | |||||||||||||||
U.S. federal | $ 1,230 | $ 1,868 | $ 3,536 | ||||||||||||
State and local | 169 | 117 | 311 | ||||||||||||
Total current income tax expense | 1,399 | 1,985 | 3,847 | ||||||||||||
Deferred expense (benefit): | |||||||||||||||
U.S. federal | 17,639 | 626 | (710) | ||||||||||||
State and local | 2,245 | 336 | (93) | ||||||||||||
Total deferred income tax expense (benefit) | 19,884 | 962 | (803) | ||||||||||||
Income tax expense | $ 18,615 | $ 1,733 | $ 2,175 | $ (1,240) | $ 81 | $ 1,695 | $ 982 | $ 189 | $ 4,355 | $ (1,580) | $ 692 | $ (423) | $ 21,283 | $ 2,947 | $ 3,044 |
Income Taxes (Components of Tax
Income Taxes (Components of Tax Rate Reconciliation) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | 36 Months Ended | |||||||||||||
Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | ||||||||||||||||
Income tax expense | $ 18,615 | $ 1,733 | $ 2,175 | $ (1,240) | $ 81 | $ 1,695 | $ 982 | $ 189 | $ 4,355 | $ (1,580) | $ 692 | $ (423) | $ 21,283 | $ 2,947 | $ 3,044 | |
Statutory rate | 35.00% | |||||||||||||||
Income tax at federal statutory rate (35%) | 12,550 | 9,103 | 2,774 | |||||||||||||
State income taxes, net of federal benefits | 265 | 295 | 142 | |||||||||||||
Tax-exempt loan interest income | (5,380) | (3,798) | (2,568) | |||||||||||||
Bank-owned life insurance income | (813) | (724) | (576) | |||||||||||||
Stock-based compensation | (3,998) | (2,002) | 3,520 | |||||||||||||
Warrant valuation | 18,457 | 37 | ||||||||||||||
Bargain purchase gain | (367) | |||||||||||||||
Other | 202 | 73 | 82 | |||||||||||||
Income tax expense | $ 18,615 | $ 1,733 | $ 2,175 | $ (1,240) | $ 81 | $ 1,695 | $ 982 | $ 189 | $ 4,355 | $ (1,580) | $ 692 | $ (423) | $ 21,283 | $ 2,947 | $ 3,044 |
Income Taxes (Significant Compo
Income Taxes (Significant Components of Deferred Taxes) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Deferred tax assets: | ||
Excess tax basis of acquired loans over carrying value | $ 1,887 | $ 5,865 |
Allowance for loan losses | 7,354 | 11,063 |
Intangible assets | 6,367 | 12,279 |
Other real estate owned | 228 | |
Accrued stock-based compensation | 3,098 | 7,429 |
Accrued compensation | 2,431 | 3,296 |
Capitalized start-up costs | 2,488 | 4,554 |
Accrued expenses | 1,227 | 2,218 |
Net deferred loan fees | 622 | 1,198 |
Net operating loss | 1,027 | 2,177 |
Federal tax credits | 5,891 | 1,888 |
Net unrealized losses on investment securities | 2,307 | 1,082 |
Other | 993 | 1,526 |
Total deferred tax assets | 35,920 | 54,575 |
Deferred tax liabilities: | ||
Premises and equipment | (113) | (937) |
Other real estate owned | (426) | |
Prepaid expenses | (177) | (402) |
Total deferred tax liabilities | (290) | (1,765) |
Net deferred tax asset | $ 35,630 | $ 52,810 |
Income Taxes (Narrative) (Detai
Income Taxes (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Operating Loss Carryforwards [Line Items] | |||||||||||||||
Income tax (benefit) expense | $ 18,615 | $ 1,733 | $ 2,175 | $ (1,240) | $ 81 | $ 1,695 | $ 982 | $ 189 | $ 4,355 | $ (1,580) | $ 692 | $ (423) | $ 21,283 | $ 2,947 | $ 3,044 |
Accrued stock-based compensation | 3,098 | 7,429 | 3,098 | 7,429 | |||||||||||
Adjustments for New Accounting Principle, Early Adoption [Member] | |||||||||||||||
Operating Loss Carryforwards [Line Items] | |||||||||||||||
Income tax (benefit) expense | $ (4,200) | 2,100 | |||||||||||||
Stock options [Member] | |||||||||||||||
Operating Loss Carryforwards [Line Items] | |||||||||||||||
Strike price | $ 20 | ||||||||||||||
Minimum | |||||||||||||||
Operating Loss Carryforwards [Line Items] | |||||||||||||||
Tax credit carryover that does not expire | 5,900 | $ 5,900 | |||||||||||||
Minimum | Stock options [Member] | |||||||||||||||
Operating Loss Carryforwards [Line Items] | |||||||||||||||
Strike price | $ 18.09 | ||||||||||||||
Maximum | Stock options [Member] | |||||||||||||||
Operating Loss Carryforwards [Line Items] | |||||||||||||||
Strike price | $ 34.16 | ||||||||||||||
Domestic Country [Member] | |||||||||||||||
Operating Loss Carryforwards [Line Items] | |||||||||||||||
Net operating loss carryovers (NOLs) | 4,000 | $ 4,000 | |||||||||||||
State and Local Jurisdiction [Member] | |||||||||||||||
Operating Loss Carryforwards [Line Items] | |||||||||||||||
Net operating loss carryovers (NOLs) | 8,900 | 8,900 | |||||||||||||
Executive Officer [Member] | |||||||||||||||
Operating Loss Carryforwards [Line Items] | |||||||||||||||
Write off due to awards granted | $ 3,700 | $ 3,700 | |||||||||||||
Accrued stock-based compensation | $ 2,300 | $ 2,300 |
Derivatives - (FV of Derivative
Derivatives - (FV of Derivatives on the Balance Sheet) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Asset derivatives fair value | $ 10,489 | $ 9,528 |
Liability derivatives fair value | 1,167 | 1,381 |
Not Designated as Hedging Instrument, Economic Hedge [Member] | ||
Derivative [Line Items] | ||
Asset derivatives fair value | 2,616 | 2,187 |
Liability derivatives fair value | 2,591 | 1,924 |
Other assets [Member] | Interest rate products [Member] | Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Asset derivatives fair value | 10,489 | 9,528 |
Other assets [Member] | Interest rate products [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member] | ||
Derivative [Line Items] | ||
Asset derivatives fair value | 2,483 | 1,900 |
Other assets [Member] | Interest Rate Lock Commitments [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member] | ||
Derivative [Line Items] | ||
Asset derivatives fair value | 128 | 149 |
Other assets [Member] | Forward Contracts [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member] | ||
Derivative [Line Items] | ||
Asset derivatives fair value | 5 | 138 |
Other liabilities [Member] | Interest rate products [Member] | Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Liability derivatives fair value | 1,167 | 1,381 |
Other liabilities [Member] | Interest rate products [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member] | ||
Derivative [Line Items] | ||
Liability derivatives fair value | 2,584 | 1,898 |
Other liabilities [Member] | Interest Rate Lock Commitments [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member] | ||
Derivative [Line Items] | ||
Liability derivatives fair value | 6 | |
Other liabilities [Member] | Forward Contracts [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member] | ||
Derivative [Line Items] | ||
Liability derivatives fair value | $ 7 | $ 20 |
Derivatives - (Narrative) (Deta
Derivatives - (Narrative) (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017USD ($)item | Dec. 31, 2016USD ($)item | |
Derivative [Line Items] | ||
Number of forward contracts | item | 6 | 11 |
Notional amount | $ 9,000 | $ 11,800 |
Termination value of derivatives in net liability position | 500 | |
Collateral Already Posted, Aggregate Fair Value | 500 | |
Interest Rate Lock Commitments Notional Amount Member | ||
Derivative [Line Items] | ||
Notional amount | $ 8,000 | |
Not Designated as Hedging Instrument, Economic Hedge [Member] | Interest rate swap derivatives [Member] | ||
Derivative [Line Items] | ||
Number of interest rate swaps held | item | 44 | 36 |
Notional amount | $ 202,200 | $ 132,600 |
Not Designated as Hedging Instrument, Economic Hedge [Member] | Number OF Interest Rate Loack Commitments Member | ||
Derivative [Line Items] | ||
Number of interest rate lock commitments | item | 31 | 78 |
Notional amount | $ 13,800 | |
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Gain (loss) related to hedge ineffectiveness | $ (995) | $ 293 |
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Interest rate swap derivatives [Member] | ||
Derivative [Line Items] | ||
Number of interest rate swaps held | item | 61 | 42 |
Notional amount | $ 417,700 | $ 313,000 |
Derivatives - (Derivatives on t
Derivatives - (Derivatives on the Income Statement) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Amount of gain or (loss) recognized in income on hedged items | $ (2,172) | $ (7,890) |
Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | ||
Derivative [Line Items] | ||
Amount of gain or (loss) recognized in income on derivatives | 1,177 | 8,183 |
Fair Value Hedging [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member] | ||
Derivative [Line Items] | ||
Amount of gain or (loss) recognized in income on derivatives | (29) | 389 |
Interest rate products [Member] | Designated as Hedging Instrument [Member] | Other Non-Interest income [Member] | ||
Derivative [Line Items] | ||
Amount of gain or (loss) recognized in income on hedged items | (2,172) | (7,890) |
Interest rate products [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Other Non-Interest income [Member] | ||
Derivative [Line Items] | ||
Amount of gain or (loss) recognized in income on derivatives | 1,177 | 8,183 |
Interest rate products [Member] | Fair Value Hedging [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member] | Other Non-Interest income [Member] | ||
Derivative [Line Items] | ||
Amount of gain or (loss) recognized in income on derivatives | 104 | 129 |
Forward Contracts [Member] | Fair Value Hedging [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member] | Gain on sale of mortgages net [member] | ||
Derivative [Line Items] | ||
Amount of gain or (loss) recognized in income on derivatives | (120) | 118 |
Interest Rate Lock Commitments [Member] | Fair Value Hedging [Member] | Not Designated as Hedging Instrument, Economic Hedge [Member] | Gain on sale of mortgages net [member] | ||
Derivative [Line Items] | ||
Amount of gain or (loss) recognized in income on derivatives | $ (13) | $ 142 |
Commitments and Contingencie109
Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions | Dec. 31, 2017 | Dec. 31, 2016 |
Commitment And Contingencies [Line Items] | ||
Loan commitments | $ 680.8 | $ 602.2 |
Standby Letters of Credit [Member] | ||
Commitment And Contingencies [Line Items] | ||
Standby letters of credit | $ 7.2 | $ 13.5 |
Commitments and Contingencie110
Commitments and Contingencies (Schedule of Total Unfunded Commitments) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Commitment And Contingencies [Line Items] | ||
Total unfunded commitments | $ 687,946 | $ 615,774 |
Commitments to fund loans [Member] | ||
Commitment And Contingencies [Line Items] | ||
Total unfunded commitments | 181,904 | 149,391 |
Unfunded Commitment Line Of Credit [Member] | ||
Commitment And Contingencies [Line Items] | ||
Total unfunded commitments | 498,857 | 452,851 |
Commercial And Standby Letters Of Credit [Member] | ||
Commitment And Contingencies [Line Items] | ||
Total unfunded commitments | $ 7,185 | $ 13,532 |
Fair Value Measurements - (T111
Fair Value Measurements - (Tables of Financial Instruments Measured At Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | $ 872,441 | $ 919,449 |
Total liabilities at fair value | 3,758 | 3,305 |
Derivative [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 12,972 | 287 |
Total liabilities at fair value | 3,751 | 3,279 |
Municipal [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 829 | 3,648 |
Mortgage-Backed Securities (MBS) [Member] | Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 168,648 | 227,160 |
Mortgage-Backed Securities (MBS) [Member] | Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 685,230 | 652,739 |
Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 872,308 | 919,162 |
Total liabilities at fair value | 3,751 | 3,279 |
Level 2 [Member] | Derivative [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 12,972 | |
Total liabilities at fair value | 3,751 | 3,279 |
Level 2 [Member] | Municipal [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 829 | 3,648 |
Level 2 [Member] | Mortgage-Backed Securities (MBS) [Member] | Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 168,648 | 227,160 |
Level 2 [Member] | Mortgage-Backed Securities (MBS) [Member] | Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 685,230 | 652,739 |
Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 133 | 287 |
Total liabilities at fair value | 7 | 26 |
Level 3 [Member] | Derivative [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 287 | |
Interest rate swap derivatives [Member] | Derivative [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 11,428 | |
Interest rate swap derivatives [Member] | Level 2 [Member] | Derivative [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 11,428 | |
Mortgage banking derivatives | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 133 | |
Total liabilities at fair value | 7 | |
Mortgage banking derivatives | Derivative [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total liabilities at fair value | 26 | |
Mortgage banking derivatives | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets at fair value | 133 | |
Total liabilities at fair value | $ 7 | |
Mortgage banking derivatives | Level 3 [Member] | Derivative [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total liabilities at fair value | $ 26 |
Fair Value Measurements - (T112
Fair Value Measurements - (Table of Changes in Level 3 Financial Instruments) (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2017USD ($) | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |
Beginning Balance | $ 261 |
Realized gain (loss) included in earnings—net mortgage banking derivatives | (135) |
Net change in Level 3 | (135) |
Ending Balance | $ 126 |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017USD ($)loan | Dec. 31, 2016USD ($)loan | Dec. 31, 2015USD ($) | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Loans | $ 3,178,947 | $ 2,860,921 | |
Impairment on other real estate owned | $ 766 | $ 298 | $ 1,580 |
Impairment on fixed assets related to banking center consolidations | $ 1,411 | ||
Fair Value, Measurements, Nonrecurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Number of Loans measured | loan | 7 | 3 | |
Loans | $ 7,100 | $ 10,500 | |
Nonrecurring Loans Reserves | 1,500 | 2,400 | |
Other Real Estate Owned [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Impairment on other real estate owned | $ 800 | $ 300 |
Fair Value Measurements - (Inpu
Fair Value Measurements - (Inputs Used to Determine Fair Values of Oreo are Considered Level 3 Inputs in Fair Value Hierarchy) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair value of assets on a non-recurring basis | $ 10,491 | $ 15,662 |
Losses From Fair Value Changes | 766 | 154 |
Impaired loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair value of assets on a non-recurring basis | 30,873 | 38,282 |
Losses From Fair Value Changes | $ 11,099 | $ 15,200 |
Fair Value Measurements - (T115
Fair Value Measurements - (Table of Valuation Techniques and Unobservable Inputs Used in Valuation of Financial Instruments Falling Within Level 3 of Fair Value Hierarchy) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Fair Value Disclosures [Abstract] | ||
Total assets at fair value | $ 872,441 | $ 919,449 |
Fair Value of Financial Inst116
Fair Value of Financial Instruments - (Schedule of Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
ASSETS: | ||||
Cash and cash equivalents | $ 257,364 | $ 152,736 | $ 166,092 | $ 256,979 |
Investment securities available-for-sale (at fair value) | 855,345 | 884,232 | ||
Mortgage-backed securities-residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity | 258,730 | 332,505 | ||
Non-marketable securities | 15,030 | 14,949 | ||
Loans held-for-sale | 4,629 | 24,187 | ||
LIABILITIES: | ||||
Time deposits | 1,118,050 | 1,172,046 | ||
Securities sold under agreements to repurchase | 130,463 | 92,011 | ||
Federal Home Loan Bank advances | 129,115 | 38,665 | ||
Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 168,648 | 227,160 | ||
Mortgage-backed securities-residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity | 204,352 | 263,411 | ||
Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 685,230 | 652,739 | ||
Mortgage-backed securities-residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity | 54,378 | 69,094 | ||
Other Securities [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 419 | 419 | ||
Municipal [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 1,048 | 3,914 | ||
Carrying Amount [Member] | Level 1 [Member] | ||||
ASSETS: | ||||
Cash and cash equivalents | 257,364 | 152,736 | ||
Carrying Amount [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Non-marketable securities | 15,030 | 14,949 | ||
Loans held-for-sale | 4,629 | 24,187 | ||
Accrued interest receivable | 14,255 | 12,562 | ||
LIABILITIES: | ||||
Deposit transaction accounts | 2,861,509 | 2,696,603 | ||
Time deposits | 1,118,050 | 1,172,046 | ||
Securities sold under agreements to repurchase | 130,463 | 92,011 | ||
Federal Home Loan Bank advances | 129,115 | 38,665 | ||
Accrued interest payable | 5,776 | 4,973 | ||
Carrying Amount [Member] | Level 3 [Member] | ||||
ASSETS: | ||||
Loans receivable, net | 3,178,947 | 2,860,921 | ||
Carrying Amount [Member] | Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 168,648 | 227,160 | ||
Mortgage-backed securities-residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity | 204,352 | 263,411 | ||
Carrying Amount [Member] | Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 685,230 | 652,739 | ||
Mortgage-backed securities-residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity | 54,378 | 69,094 | ||
Carrying Amount [Member] | Other Securities [Member] | Level 3 [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 419 | 419 | ||
Carrying Amount [Member] | Municipal [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Municipal obligations | 829 | 3,648 | ||
Carrying Amount [Member] | Municipal [Member] | Level 3 [Member] | ||||
ASSETS: | ||||
Municipal obligations | 219 | 265 | ||
Estimated Fair Value [Member] | Level 1 [Member] | ||||
ASSETS: | ||||
Cash and cash equivalents | 257,364 | 152,736 | ||
Estimated Fair Value [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Non-marketable securities | 15,030 | 14,949 | ||
Loans held-for-sale | 4,629 | 24,187 | ||
Accrued interest receivable | 14,255 | 12,562 | ||
LIABILITIES: | ||||
Deposit transaction accounts | 2,861,509 | 2,696,603 | ||
Time deposits | 1,118,050 | 1,172,046 | ||
Securities sold under agreements to repurchase | 130,463 | 92,011 | ||
Federal Home Loan Bank advances | 130,300 | 39,324 | ||
Accrued interest payable | 5,776 | 4,973 | ||
Estimated Fair Value [Member] | Level 3 [Member] | ||||
ASSETS: | ||||
Loans receivable, net | 3,167,508 | 2,879,860 | ||
Estimated Fair Value [Member] | Residential Mortgage Pass-Through Securities Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 168,648 | 227,160 | ||
Mortgage-backed securities-residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity | 204,048 | 264,862 | ||
Estimated Fair Value [Member] | Other Residential MBS Issued or Guaranteed by U.S. Government Agencies or Sponsored Enterprises [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 685,230 | 652,739 | ||
Mortgage-backed securities-residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity | 52,723 | 67,711 | ||
Estimated Fair Value [Member] | Other Securities [Member] | Level 3 [Member] | ||||
ASSETS: | ||||
Investment securities available-for-sale (at fair value) | 419 | 419 | ||
Estimated Fair Value [Member] | Municipal [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Municipal obligations | 829 | 3,648 | ||
Estimated Fair Value [Member] | Municipal [Member] | Level 3 [Member] | ||||
ASSETS: | ||||
Municipal obligations | 219 | 265 | ||
Interest rate swap derivatives [Member] | Carrying Amount [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Derivative asset | 12,972 | 11,428 | ||
LIABILITIES: | ||||
Derivative liability | 3,751 | 3,279 | ||
Interest rate swap derivatives [Member] | Estimated Fair Value [Member] | Level 2 [Member] | ||||
ASSETS: | ||||
Derivative asset | 12,972 | 11,428 | ||
LIABILITIES: | ||||
Derivative liability | 3,751 | 3,279 | ||
Mortgage banking derivatives | Carrying Amount [Member] | Level 3 [Member] | ||||
ASSETS: | ||||
Derivative asset | 133 | 287 | ||
LIABILITIES: | ||||
Derivative liability | 7 | 187 | ||
Mortgage banking derivatives | Estimated Fair Value [Member] | Level 3 [Member] | ||||
ASSETS: | ||||
Derivative asset | 133 | 287 | ||
LIABILITIES: | ||||
Derivative liability | $ 7 | $ 187 |
Fair Value of Financial Inst117
Fair Value of Financial Instruments - (Additional Information) (Details) | 12 Months Ended |
Dec. 31, 2017 | |
Fair Value Of Financial Instruments [Abstract] | |
Residential mortgage loans held for sale period | 45 days |
Subsequent Events (Details)
Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands | Jan. 01, 2018 | Jan. 31, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Subsequent Event [Line Items] | ||||||
Business Acquisition, Transaction Costs | $ 2,700 | |||||
Amortization of accretion of purchase discounts | (2,581) | $ (3,067) | $ (4,124) | |||
Amortization of acquired identifiable intangibles | 5,300 | 5,500 | $ 5,400 | |||
Business Acquisition, Pro Forma Revenue | 263,000 | 268,100 | ||||
Business Acquisition, Pro Forma Net Income (Loss) | $ 22,600 | $ 34,700 | ||||
Business Acquisition, Pro Forma Earnings Per Share, Basic | $ 0.75 | $ 1.09 | ||||
Business Acquisition, Pro Forma Earnings Per Share, Diluted | $ 0.73 | $ 1.07 | ||||
Peoples Inc. Member | ||||||
Subsequent Event [Line Items] | ||||||
Accretion amortization of discounts and premiums | $ 900 | $ 900 | ||||
Amortization of acquired identifiable intangibles | 1,100 | $ 1,100 | ||||
Peoples and NBH Combined Member | ||||||
Subsequent Event [Line Items] | ||||||
Business Acquisition, Transaction Costs | $ 13,100 | |||||
Subsequent Event | ||||||
Subsequent Event [Line Items] | ||||||
Mortgage repurchase reserve | $ 3,800 | |||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 3,398,477 | |||||
Business Acquisition, Share Price | $ 32.43 | |||||
Business Acquisition Restricted Cash | $ 10,000 |
Subsequent Events - (Summary of
Subsequent Events - (Summary of Net Assets Acquired) (Details) 10K - USD ($) $ in Thousands | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Consideration: | |||
Goodwill | $ 59,630 | $ 59,630 | |
Peoples Inc Member | Subsequent Event | |||
Assets: | |||
Cash and due from banks | $ 105,173 | ||
Investment secruities available-for-sale (at fair value) | 118,553 | ||
Non-marketable securities | 4,846 | ||
Loans, net | 544,233 | ||
Loans held for sale | 54,260 | ||
Other real estate owned | 1,436 | ||
Premises and equipment, net | 17,931 | ||
Core deposit intangible asset | 9,839 | ||
Mortgage servicing right | 4,233 | ||
Other assets | 15,740 | ||
Total assets aquired | 876,244 | ||
Liabilities: | |||
Total deposits | 729,911 | ||
Other liabilities | 55,973 | ||
Total liabilities assumed | 785,884 | ||
Identifiable net assets acquired | 90,360 | ||
Consideration: | |||
Cash | 36,189 | ||
Common stock paid | 110,213 | ||
Total Consideration | 146,402 | ||
Goodwill | $ 56,042 |
Parent Company Only Financia120
Parent Company Only Financial Statements (Condensed Statements of Financial Condition) (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
ASSETS | ||||
Cash and cash equivalents | $ 257,364 | $ 152,736 | $ 166,092 | $ 256,979 |
Other assets | 139,248 | 154,778 | ||
Total assets | 4,843,465 | 4,573,046 | ||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||
Other liabilities | 71,921 | 37,532 | ||
Total liabilities | 4,311,058 | 4,036,857 | ||
Stockholders' equity | 532,407 | 536,189 | 617,544 | 794,575 |
Total liabilities and shareholders' equity | 4,843,465 | 4,573,046 | ||
Parent Company [Member] | ||||
ASSETS | ||||
Cash and cash equivalents | 73,873 | 64,691 | $ 15,739 | $ 123,144 |
Investment in subsidiaries | 444,445 | 455,120 | ||
Other assets | 14,414 | 16,996 | ||
Total assets | 532,732 | 536,807 | ||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||
Other liabilities | 325 | 618 | ||
Total liabilities | 325 | 618 | ||
Stockholders' equity | 532,407 | 536,189 | ||
Total liabilities and shareholders' equity | $ 532,732 | $ 536,807 |
Parent Company Only Financia121
Parent Company Only Financial Statements (Condensed Statements of Operations) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Interest expense: | |||||||||||||||
Salaries and benefits | $ 80,188 | $ 79,765 | $ 83,018 | ||||||||||||
Income tax (benefit) expense | $ 18,615 | $ 1,733 | $ 2,175 | $ (1,240) | $ 81 | $ 1,695 | $ 982 | $ 189 | $ 4,355 | $ (1,580) | $ 692 | $ (423) | 21,283 | 2,947 | 3,044 |
Net income | $ (10,119) | $ 7,231 | $ 9,209 | $ 8,258 | $ 9,991 | $ 8,314 | $ 4,504 | $ 251 | $ 3,340 | $ 1,636 | $ (1,341) | $ 1,246 | 14,579 | 23,060 | 4,881 |
Parent Company [Member] | |||||||||||||||
Interest income | 45 | 24 | |||||||||||||
Undistributed equity from subsidiaries | (11,192) | (129,956) | (74,131) | ||||||||||||
Dividends from subsidiaries | 28,903 | 155,353 | 86,000 | ||||||||||||
Other income | 1,048 | ||||||||||||||
Total income | 17,756 | 25,421 | 12,917 | ||||||||||||
Interest expense: | |||||||||||||||
Salaries and benefits | 3,680 | 3,529 | 3,349 | ||||||||||||
Other expenses | 3,587 | 3,578 | 3,597 | ||||||||||||
Total expenses | 7,267 | 7,107 | 6,946 | ||||||||||||
Operating income | 10,489 | 18,314 | 5,971 | ||||||||||||
Income tax (benefit) expense | (4,090) | (4,746) | 1,090 | ||||||||||||
Net income | $ 14,579 | $ 23,060 | $ 4,881 |
Parent Company Only Financia122
Parent Company Only Financial Statements (Condensed Statements of Cash Flows) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Cash flows from operating activities: | |||||||||||||||
Net income | $ (10,119) | $ 7,231 | $ 9,209 | $ 8,258 | $ 9,991 | $ 8,314 | $ 4,504 | $ 251 | $ 3,340 | $ 1,636 | $ (1,341) | $ 1,246 | $ 14,579 | $ 23,060 | $ 4,881 |
Stock-based compensation expense | 3,648 | 3,492 | 3,349 | ||||||||||||
Net excess tax (benefit) deficit on stock-based compensation | (4,225) | (2,078) | 3,677 | ||||||||||||
Net cash provided by (used in) operating activities | 58,139 | (3,936) | (37,628) | ||||||||||||
Cash flows from investing activities: | |||||||||||||||
Net cash provided by (used in) investing activities | (178,517) | 114,629 | 182,343 | ||||||||||||
Cash flows from financing activities: | |||||||||||||||
Issuance of stock under purchase and equity compensation plans | (8,395) | (6,201) | (952) | ||||||||||||
Proceeds from exercise of stock options | 104 | 160 | |||||||||||||
Settlement of warrants | (368) | ||||||||||||||
Payment of dividends | (9,401) | (6,400) | (6,711) | ||||||||||||
Repurchase of shares | (93,573) | (175,048) | |||||||||||||
Net cash proivded by (used in) financing activities | 225,006 | (124,049) | (235,602) | ||||||||||||
Increase (decrease) in cash and cash equivalents | 104,628 | (13,356) | (90,887) | ||||||||||||
Cash and cash equivalents at beginning of the year | 152,736 | 166,092 | 256,979 | 152,736 | 166,092 | 256,979 | |||||||||
Cash and cash equivalents at end of year | 257,364 | 152,736 | 166,092 | 257,364 | 152,736 | 166,092 | |||||||||
Parent Company [Member] | |||||||||||||||
Cash flows from operating activities: | |||||||||||||||
Net income | 14,579 | 23,060 | 4,881 | ||||||||||||
Undistributed equity from subsidiaries | 11,192 | (25,388) | (11,869) | ||||||||||||
Stock-based compensation expense | 3,648 | 3,492 | 3,349 | ||||||||||||
Net excess tax (benefit) deficit on stock-based compensation | (4,225) | (2,078) | 3,677 | ||||||||||||
Other | 6,680 | 418 | (1,042) | ||||||||||||
Net cash provided by (used in) operating activities | 31,874 | (496) | (1,004) | ||||||||||||
Cash flows from investing activities: | |||||||||||||||
Outlay for business combinations | (9,482) | ||||||||||||||
Dividend payment from subsidiary equity | 15,353 | ||||||||||||||
Return of capital from investments in subsidiaries | 140,000 | 86,000 | |||||||||||||
Net cash provided by (used in) investing activities | 155,353 | 76,518 | |||||||||||||
Cash flows from financing activities: | |||||||||||||||
Issuance of stock under purchase and equity compensation plans | (8,395) | (6,201) | (952) | ||||||||||||
Capital Contribution | (5,000) | ||||||||||||||
Proceeds from exercise of stock options | 104 | 160 | |||||||||||||
Settlement of warrants | (368) | ||||||||||||||
Payment of dividends | (9,401) | (6,131) | (6,711) | ||||||||||||
Repurchase of shares | (93,573) | (175,048) | |||||||||||||
Net cash proivded by (used in) financing activities | (22,692) | (105,905) | (182,919) | ||||||||||||
Increase (decrease) in cash and cash equivalents | 9,182 | 48,952 | (107,405) | ||||||||||||
Cash and cash equivalents at beginning of the year | $ 64,691 | $ 15,739 | $ 123,144 | 64,691 | 15,739 | 123,144 | |||||||||
Cash and cash equivalents at end of year | $ 73,873 | $ 64,691 | $ 15,739 | $ 73,873 | $ 64,691 | $ 15,739 |
Quarterly Results of Operati123
Quarterly Results of Operations - Summary of Quarterly Results (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||
Interest and dividend income | $ 41,889 | $ 42,579 | $ 41,213 | $ 38,740 | $ 39,658 | $ 40,764 | $ 38,472 | $ 41,554 | $ 43,492 | $ 42,311 | $ 42,517 | $ 43,087 | $ 164,421 | $ 160,448 | $ 171,407 |
Interest expense | 4,976 | 4,681 | 4,440 | 4,018 | 3,873 | 3,700 | 3,719 | 3,516 | 3,563 | 3,629 | 3,662 | 3,608 | 18,115 | 14,808 | 14,462 |
Net interest income before provision for loan losses | 36,913 | 37,898 | 36,773 | 34,722 | 35,785 | 37,064 | 34,753 | 38,038 | 39,929 | 38,682 | 38,855 | 39,479 | 146,306 | 145,640 | 156,945 |
Provision for loan losses | 3,272 | 3,880 | 4,025 | 1,795 | 1,282 | 5,293 | 6,457 | 10,619 | 5,423 | 3,710 | 1,858 | 1,453 | 12,972 | 23,651 | 12,444 |
Net interest income after provision for loan losses | 33,641 | 34,018 | 32,748 | 32,927 | 34,503 | 31,771 | 28,296 | 27,419 | 34,506 | 34,972 | 36,997 | 38,026 | 133,334 | 121,989 | 144,501 |
Non-interest income | 8,883 | 9,551 | 12,075 | 8,696 | 9,992 | 11,608 | 10,504 | 7,923 | 15,419 | 3,761 | 2,747 | (479) | 39,205 | 40,027 | 21,448 |
Non-interest expense | 34,028 | 34,605 | 33,439 | 34,605 | 34,423 | 33,370 | 33,314 | 34,902 | 42,230 | 38,677 | 40,393 | 36,724 | 136,677 | 136,009 | 158,024 |
Income before income taxes | 8,496 | 8,964 | 11,384 | 7,018 | 10,072 | 10,009 | 5,486 | 440 | 7,695 | 56 | (649) | 823 | 35,862 | 26,007 | 7,925 |
Income tax (benefit) expense | 18,615 | 1,733 | 2,175 | (1,240) | 81 | 1,695 | 982 | 189 | 4,355 | (1,580) | 692 | (423) | 21,283 | 2,947 | 3,044 |
Net income | $ (10,119) | $ 7,231 | $ 9,209 | $ 8,258 | $ 9,991 | $ 8,314 | $ 4,504 | $ 251 | $ 3,340 | $ 1,636 | $ (1,341) | $ 1,246 | $ 14,579 | $ 23,060 | $ 4,881 |
Income per share-basic (in dollars per share) | $ (0.37) | $ 0.27 | $ 0.34 | $ 0.31 | $ 0.38 | $ 0.30 | $ 0.15 | $ 0.01 | $ 0.11 | $ 0.05 | $ (0.04) | $ 0.03 | $ 0.54 | $ 0.81 | $ 0.14 |
Income per share-diluted (in dollars per share) | $ (0.37) | $ 0.26 | $ 0.33 | $ 0.30 | $ 0.36 | $ 0.30 | $ 0.15 | $ 0.01 | $ 0.11 | $ 0.05 | $ (0.04) | $ 0.03 | $ 0.53 | $ 0.79 | $ 0.14 |