Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2017 | Aug. 03, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | Park Sterling Corp | |
Entity Central Index Key | 1,507,277 | |
Trading Symbol | pstb | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 53,287,270 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and due from banks | $ 35,508 | $ 34,162 |
Interest-earning balances at banks | 55,862 | 48,882 |
Federal funds sold | 260 | 570 |
Investment securities available-for-sale, at fair value | 403,602 | 402,501 |
Investment securities held-to-maturity (fair value of $89,446 and $92,828 at June 30, 2017 and December 31, 2016, respectively) | 87,690 | 91,752 |
Nonmarketable equity securities | 20,179 | 17,501 |
Loans held for sale | 3,102 | 7,996 |
Loans | 2,502,120 | 2,412,186 |
Less allowance for loan losses | (12,702) | (12,125) |
Net loans | 2,489,418 | 2,400,061 |
Premises and equipment, net | 62,779 | 63,080 |
Bank-owned life insurance | 71,831 | 70,785 |
Deferred tax asset | 20,790 | 25,721 |
Other real estate owned | 3,175 | 2,438 |
Goodwill | 63,317 | 63,317 |
Core deposit intangible | 10,530 | 11,438 |
Accrued interest receivable | 6,801 | 6,799 |
Other assets | 6,155 | 8,392 |
Total assets | 3,340,999 | 3,255,395 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Noninterest-bearing | 554,399 | 521,295 |
Interest-bearing | 1,982,783 | 1,992,457 |
Total deposits | 2,537,182 | 2,513,752 |
Short-term borrowings | 345,000 | 285,000 |
Long-term borrowings | 29,758 | 29,736 |
Subordinated debt | 33,832 | 33,501 |
Accrued interest payable | 627 | 541 |
Accrued expenses and other liabilities | 25,336 | 37,021 |
Total liabilities | 2,971,735 | 2,899,551 |
Shareholders' equity: | ||
Common stock, $1.00 par value 200,000,000 shares authorized; 53,279,996 and 53,116,519 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively | 53,280 | 53,117 |
Additional paid-in capital | 273,409 | 273,400 |
Retained earnings | 44,375 | 32,609 |
Accumulated other comprehensive (loss) | (1,800) | (3,282) |
Total shareholders' equity | 369,264 | 355,844 |
Total liabilities and shareholders' equity | $ 3,340,999 | $ 3,255,395 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Investment securities held-to-maturity, fair value | $ 89,446 | $ 92,828 |
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Common stock, shares authorized (in shares) | 200,000,000 | 200,000,000 |
Common stock, shares issued (in shares) | 53,279,996 | 53,116,519 |
Common stock, shares outstanding (in shares) | 53,279,996 | 53,116,519 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Interest income | ||||
Loans, including fees | $ 29,518 | $ 26,729 | $ 56,980 | $ 53,853 |
Federal funds sold | 2 | 5 | 4 | 13 |
Taxable investment securities | 2,985 | 2,640 | 5,920 | 5,327 |
Tax-exempt investment securities | 135 | 137 | 270 | 284 |
Nonmarketable equity securities | 219 | 153 | 417 | 307 |
Interest on deposits at banks | 109 | 34 | 198 | 76 |
Total interest income | 32,968 | 29,698 | 63,789 | 59,860 |
Interest expense | ||||
Money market, NOW and savings deposits | 1,031 | 1,014 | 1,998 | 2,032 |
Time deposits | 1,482 | 1,449 | 2,907 | 2,847 |
Short-term borrowings | 922 | 251 | 1,423 | 545 |
Long-term borrowings | 371 | 440 | 742 | 850 |
Subordinated debt | 552 | 494 | 1,051 | 940 |
Total interest expense | 4,358 | 3,648 | 8,121 | 7,214 |
Net interest income | 28,610 | 26,050 | 55,668 | 52,646 |
Provision for loan losses | 882 | 678 | 1,438 | |
Net interest income after provision for loan losses | 28,610 | 25,168 | 54,990 | 51,208 |
Noninterest income | ||||
Service charges on deposit accounts | 1,725 | 1,528 | 3,407 | 3,017 |
Income from fiduciary activities | 528 | 580 | 1,055 | 1,244 |
Commissions and fees from investment brokerage | 161 | 283 | 283 | 422 |
Income from capital markets | 645 | 767 | 1,254 | 835 |
Gain (loss) on sale of securities available for sale | (87) | 58 | (93) | |
ATM and card income | 751 | 776 | 1,465 | 1,349 |
Mortgage banking income | 775 | 873 | 1,736 | 1,648 |
Income from bank-owned life insurance | 578 | 526 | 1,156 | 1,514 |
Amortization of indemnification asset and true-up liability expense | (25) | (172) | ||
Other noninterest income | 255 | 154 | 472 | 338 |
Total noninterest income | 5,418 | 5,375 | 10,886 | 10,102 |
Noninterest expense | ||||
Salaries and employee benefits | 11,388 | 11,774 | 22,871 | 24,792 |
Occupancy and equipment | 2,924 | 3,041 | 5,831 | 6,166 |
Advertising and promotion | 140 | 367 | 286 | 788 |
Legal and professional fees | 1,650 | 950 | 2,433 | 1,675 |
Deposit charges and FDIC insurance | 442 | 478 | 927 | 910 |
Data processing and outside service fees | 1,907 | 2,224 | 3,832 | 7,747 |
Communication fees | 460 | 505 | 923 | 988 |
Core deposit intangible amortization | 454 | 458 | 908 | 916 |
Net cost of operation of other real estate owned | 240 | 70 | 415 | 336 |
Loan and collection expense | 210 | 273 | 327 | 310 |
Postage and supplies | 107 | 191 | 249 | 364 |
Other noninterest expense | 1,527 | 1,615 | 3,089 | 3,107 |
Total noninterest expense | 21,449 | 21,946 | 42,091 | 48,099 |
Income before income taxes | 12,579 | 8,597 | 23,785 | 13,211 |
Income tax expense | 4,052 | 3,045 | 7,769 | 4,919 |
Net income | $ 8,527 | $ 5,552 | $ 16,016 | $ 8,292 |
Basic and diluted earnings per common share (in dollars per share) | $ 0.16 | $ 0.11 | $ 0.30 | $ 0.16 |
Dividends per common share (in dollars per share) | $ 0.04 | $ 0.03 | $ 0.08 | $ 0.06 |
Weighted-average common shares outstanding | ||||
Basic (in shares) | 52,821,415 | 52,394,397 | 52,761,766 | 52,340,772 |
Diluted (in shares) | 53,481,846 | 52,704,537 | 53,458,705 | 52,650,886 |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Net income | $ 8,527 | $ 5,552 | $ 16,016 | $ 8,292 |
Securities available for sale and transferred securities: | ||||
Change in net unrealized gains during the period | 1,171 | 2,118 | 1,937 | 6,809 |
Change in net unrealized gain on securities transferred to held-to-maturity | 65 | 26 | 127 | 52 |
Reclassification adjustment for net (gains) losses recognized in net income | 87 | (58) | 93 | |
Total securities available for sale and transferred securities | 1,236 | 2,231 | 2,006 | 6,954 |
Derivatives: | ||||
Change in the accumulated gain (loss) on effective cash flow hedge derivatives | 21 | (475) | 150 | (1,700) |
Reclassification adjustment for interest payments | 145 | 88 | 313 | 177 |
Total derivatives | 114 | (294) | 335 | (1,337) |
Other comprehensive income, before tax | 1,350 | 1,937 | 2,341 | 5,617 |
Deferred tax expense related to other comprehensive income | 491 | 729 | 861 | 2,101 |
Other comprehensive income, net of tax | 859 | 1,208 | 1,480 | 3,516 |
Total comprehensive income | 9,386 | 6,760 | 17,496 | 11,808 |
Terminated [Member] | ||||
Derivatives: | ||||
Change in the accumulated gain (loss) on effective cash flow hedge derivatives | $ (52) | $ 93 | $ (128) | $ 186 |
Condensed Consolidated Stateme6
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Ending balance at Jun. 30, 2016 | $ 53,332 | $ 275,246 | $ 25,219 | $ 653 | $ 354,450 |
Balance (in shares) at Dec. 31, 2015 | 44,854,509 | ||||
Beginning balance at Dec. 31, 2015 | $ 44,854 | 222,596 | 20,117 | (2,863) | 284,704 |
Shares issued for First Capital merger (in shares) | 8,376,094 | ||||
Shares issued for First Capital merger | $ 8,376 | 52,937 | $ 61,313 | ||
Issuance of restricted stock grants (in shares) | 236,534 | 236,534 | |||
Issuance of restricted stock grants | $ 236 | (236) | |||
Forfeitures of restricted stock grants (in shares) | (38,783) | ||||
Forfeitures of restricted stock grants | $ (39) | 39 | |||
Exercise of stock options (in shares) | 274,890 | ||||
Exercise of stock options | $ 275 | 1,512 | $ 1,787 | ||
Share-based compensation expense | $ 1 | 682 | $ 683 | ||
Common stock repurchased or reacquired (in shares) | (372,175) | (248,349) | |||
Common stock repurchased or reacquired | $ (371) | (2,284) | $ (2,655) | ||
Dividends on common stock | (3,190) | (3,190) | |||
Net income | 8,292 | 8,292 | |||
Other comprehensive income | 3,516 | 3,516 | |||
Balance (in shares) at Jun. 30, 2016 | 53,332,369 | ||||
Ending balance at Jun. 30, 2017 | $ 53,280 | 273,409 | 44,375 | (1,800) | 369,264 |
Balance (in shares) at Dec. 31, 2016 | 53,116,519 | ||||
Beginning balance at Dec. 31, 2016 | $ 53,117 | 273,400 | 32,609 | (3,282) | $ 355,844 |
Issuance of restricted stock grants (in shares) | 164,994 | 164,994 | |||
Issuance of restricted stock grants | $ 164 | (164) | |||
Forfeitures of restricted stock grants (in shares) | (11,567) | ||||
Forfeitures of restricted stock grants | $ (11) | 11 | |||
Exercise of stock options (in shares) | 136,056 | ||||
Exercise of stock options | $ 136 | 623 | $ 759 | ||
Share-based compensation expense | $ 1 | 819 | $ 820 | ||
Common stock repurchased or reacquired (in shares) | (127,406) | (82,600) | |||
Common stock repurchased or reacquired | $ (127) | $ (1,280) | $ (1,407) | ||
Dividends on common stock | (4,250) | (4,250) | |||
Net income | $ 16,016 | 16,016 | |||
Other comprehensive income | $ 1,480 | $ 1,480 | |||
Balance (in shares) at Jun. 30, 2017 | 53,279,996 |
Condensed Consolidated Stateme7
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Cash flows from operating activities | ||
Net income | $ 16,016,000 | $ 8,292,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Accretion on acquired loans | (6,788,000) | (4,902,000) |
Net amortization on investments | 1,198,000 | 1,258,000 |
Other depreciation and amortization | 5,213,000 | 5,045,000 |
Provision for loan losses | 678,000 | 1,438,000 |
Share-based compensation expense | 820,000 | 683,000 |
Deferred income taxes | 4,070,000 | (171,000) |
Amortization of FDIC indemnification asset | 0 | 142,000 |
Net gains (losses) on sales of investment securities available-for-sale | (58,000) | 93,000 |
Net gains on sales of loans held for sale | (721,000) | (846,000) |
Net losses (gains) on sales of fixed assets | (42,000) | 274,000 |
Net gains on sales of other real estate owned | (414,000) | (171,000) |
Writedowns on other real estate owned | 315,000 | 216,000 |
Income from bank-owned life insurance | (1,156,000) | (1,514,000) |
Proceeds from loans held for sale | 52,969,000 | 44,460,000 |
Disbursements for loans held for sale | (47,717,000) | (50,638,000) |
Change in assets and liabilities: | ||
Decrease in FDIC indemnification asset | 333,000 | |
Decrease (increase) in accrued interest receivable | (2,000) | 96,000 |
Increase in other assets | (287,000) | (1,460,000) |
Increase in accrued interest payable | 385,000 | 12,000 |
Increase in accrued expenses and other liabilities | 22,411,000 | 4,452,000 |
Net cash provided by operating activities | 46,890,000 | 7,092,000 |
Cash flows from investing activities | ||
Net increase in loans | (84,459,000) | (81,816,000) |
Purchases of premises and equipment | (2,891,000) | (2,558,000) |
Proceeds from sales of premises and equipment | 1,876,000 | |
Purchases of investment securities available-for-sale | (89,527,000) | (76,247,000) |
Proceeds from sales of investment securities available-for-sale | 51,629,000 | 124,381,000 |
Proceeds from maturities, calls and paydowns of investment securities available-for-sale | 37,664,000 | 26,929,000 |
Proceeds from maturities, calls and paydowns of investment securities held-to-maturity | 4,042,000 | 4,292,000 |
Proceeds from life insurance death benefit | 534,000 | |
FDIC reimbursement of recoverable covered asset losses | (697,000) | |
Proceeds from sale of other real estate owned | 381,000 | 2,666,000 |
Net (purchases) redemptions of nonmarketable equity securities | (2,678,000) | 1,289,000 |
Termination of cash flow hedge | (1,855,000) | |
Acquisitions, net of cash acquired | (12,067,000) | |
Net cash used in investing activities | (83,963,000) | (15,149,000) |
Cash flows from financing activities | ||
Net increase in deposits | 23,712,000 | 13,627,000 |
Advances of long-term borrowings | 35,000,000 | |
Repayments of long-term borrowings | (34,097,000) | (45,503,000) |
Net advances in short-term borrowings | 60,000,000 | 7,379,000 |
Repayments of junior subordinated debt | 372,000 | (49,000) |
Exercise of stock options | 759,000 | 1,787,000 |
Repurchase of common stock | (1,407,000) | (2,655,000) |
Dividends on common stock | (4,250,000) | (3,190,000) |
Net cash provided by financing activities | 45,089,000 | 6,396,000 |
Net increase (decrease) in cash and cash equivalents | 8,016,000 | (1,661,000) |
Cash and cash equivalents, beginning | 83,614,000 | 70,526,000 |
Cash and cash equivalents, ending | 91,630,000 | 68,865,000 |
Supplemental disclosures of cash flow information: | ||
Cash paid for interest | 8,035,000 | 7,161,000 |
Cash paid for income taxes | 7,769,000 | 760,000 |
Supplemental disclosure of noncash investing and financing activities: | ||
Change in unrealized gain on available-for-sale securities, net of tax | 1,288,000 | 4,365,000 |
Change in unrealized gain (loss) on cash flow hedge, net of tax | 216,000 | (837,000) |
Loans transferred to other real estate owned | $ 1,433,000 | $ 1,593,000 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | Note 1 Park Sterling Corporation (the “Company”) was formed on October 6, 2010 June 30, 2017 December 31, 2016, The accompanying unaudited condensed consolidated financial statements and notes have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the instructions to Form 10 10 X. not not “2016 10 December 31, 2016 March 10, 2017 ( “2016 10 In management’s opinion, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, which consist of normal, recurring adjustments, necessary to present fairly the financial position of the Company as of June 30, 2017 December 31, 2016, three six June 30, 2017 2016, six June 30, 2017 2016. six June 30, 2017 not may The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are susceptible to significant change in the near term are the valuation of purchased credit-impaired (“PCI”) loans, the valuation of the allowance for loan losses and the fair value of financial instruments and other accounts. Tabular information, other than share and per share data, is presented in thousands of dollars. Certain amounts reported in prior periods have been reclassified to conform to the current period presentation. Merger with South State Corporation On April 26, 2017, Subject to the terms and conditions of the Merger Agreement, at the effective time of the Merger (the “Effective Time”), the Company’s shareholders will have the right to receive 0.14 $2.50 $1.00 In addition, each stock option granted by the Company, whether vested or unvested, will be cancelled and converted into the right to receive a cash amount equal to the product of (a) the number of shares of the Company’s Common Stock subject to such stock option immediately prior to the Effective Time and (b) the excess, if any, of (i) the product of (A) the average closing price per share for South State Common Stock for the ten no The Merger is subject to regulatory approvals, approval of the shareholders of both the Company and South State, and other customary closing conditions and is currently expected to close in the fourth 2017. |
Note 2 - Recent Accounting Pron
Note 2 - Recent Accounting Pronouncements | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | Note 2 During the fourth 2016, January 1, 2016, 2016 09, 718 2016 09” 2016 09 fourth $798 In May 2014, 2014 09, 606 2014 09” may August 2015, 2015 14, 606: 2014 09 December 15, 2017, 2014 09, not On January 5, 2016, 2016 01, 2016 01” December 15, 2017, In February 2016, 2016 02, 2016 02” 2016 02 twelve December 31, 2018 2016 02 In June 2016, 2016 13 2016 13” 2016 13 December 15, 2019. 2016 13 In August 2016, 2016 15, 230 2016 15” 2016 15 eight December 15, 2017, not In January 2017, 2017 03, 250 323 2017 03 two September 2016 2014 09 2016 02 2016 13 11.M. 2017 03 250 three not In January 2017, 2017 04, 350 2017 04” 2017 04 2 not 2017 04 December 15, 2019, not In March 2017, 2017 08 310 20 2017 08” 2017 08 2017 08 not 2017 08 December 15, 2018, 2017 08 |
Note 3 - Business Combinations
Note 3 - Business Combinations and Goodwill | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | Note 3– Generally, acquisitions are accounted for under the acquisition method of accounting in accordance with ASC 805, Business Combinations one no six 2017. On January 1, 2016, eight 8.4 $25.7 $7.32 December 31, 2015, $87.1 $34.1 |
Note 4 - Investment Securities
Note 4 - Investment Securities | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 4 The amortized cost, unrealized gains and losses, and estimated fair value of securities available-for-sale at June 30, 2017 December 31, 2016 Amortized Cost and Fair Value of Investment Portfolio Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value June 30, 2017 Securities available-for-sale: Municipal securities $ 12,736 $ 498 $ - $ 13,234 Residential agency pass-through securities 142,558 791 (1,353 ) 141,996 Residential collateralized mortgage obligations 161,168 984 (107 ) 162,045 Commercial mortgage-backed securities 15,771 - (261 ) 15,510 Asset-backed securities 68,733 349 (834 ) 68,248 Corporate and other securities 1,487 - (157 ) 1,330 Equity securities 1,250 - (11 ) 1,239 Total securities available-for-sale $ 403,703 $ 2,622 $ (2,723 ) $ 403,602 Securities held-to-maturity: Residential agency pass-through securities $ 31,380 $ 678 $ (30 ) $ 32,028 Residential collateralized mortgage obligations 6,419 110 - 6,529 Commercial mortgage-backed obligations 46,410 957 - 47,367 Asset-backed securities 3,481 41 - 3,522 Total securities held-to-maturity $ 87,690 $ 1,786 $ (30 ) $ 89,446 December 31, 2016 Securities available-for-sale: Municipal securities $ 12,731 $ 588 $ - $ 13,319 Residential agency pass-through securities 194,175 945 (2,355 ) 192,765 Residential collateralized mortgage obligations 93,980 615 (185 ) 94,410 Commercial mortgage-backed securities 15,912 - (415 ) 15,497 Asset-backed securities 84,955 211 (1,215 ) 83,951 Corporate and other securities 1,479 - (159 ) 1,320 Equity securities 1,250 - (11 ) 1,239 Total securities available-for-sale $ 404,482 $ 2,359 $ (4,340 ) $ 402,501 Securities held-to-maturity: Residential agency pass-through securities $ 34,063 $ 537 $ (47 ) $ 34,553 Residential collateralized mortgage obligations 6,730 87 - 6,817 Commercial mortgage-backed obligations 46,851 526 - 47,377 Asset-backed securities 4,108 - (27 ) 4,081 Total securities held-to-maturity $ 91,752 $ 1,150 $ (74 ) $ 92,828 In 2014, $58.5 $2.2 $1.5 December 31, 2016 June 30, 2017 $1.3 $1.2 $54.0 $46.4 June 30, 2017. no June 30, 2017. At June 30, 2017 December 31, 2016, $139.2 $152.2 At June 30, 2017 December 31, 2016, $56.2 $56.7 $6.0 Included within the asset-backed securities balance are collateralized loan obligations totaling $18.9 June 30, 2017 $33.9 December 31, 2016. $3.5 $4.1 June 30, 2017 December 31, 2016, The amortized cost and fair value of investment securities available-for-sale and held-to-maturity at June 30, 2017 may None Maturities of Investment Portfolio June 30, 2017 Amortized Fair Cost Value Securities available-for-sale: Municipal securities Due after one year through five years 3,311 3,371 Due after five years through ten years 2,508 2,635 Due after ten years 6,917 7,228 Residential agency pass-through securities Due after five years through ten years 5,802 6,051 Due after ten years 136,756 135,945 Residential collateralized mortgage obligations Due after five years through ten years 13,886 13,945 Due after ten years 147,282 148,100 Commercial mortgage-backed obligations Due after one year through five years 15,771 15,510 Asset-backed securities Due after five years through ten years 51,489 51,359 Due after ten years 17,244 16,889 Corporate and other securities Due after ten years 1,487 1,330 Equity securities No maturity 1,250 1,239 Total securities available-for-sale $ 403,703 $ 403,602 Securities held-to-maturity: Residential agency pass-through securities Due after ten years $ 31,380 $ 32,028 Residential collateralized mortgage obligations Due after ten years 6,419 6,529 Commercial mortgage-backed obligations Due after one year through five years 18,275 18,631 Due after five years through ten years 28,135 28,736 Asset-backed securities Due after ten years 3,481 3,522 Total securities held-to-maturity $ 87,690 $ 89,446 Securities available-for-sale of $0 $51.6 three six June 30, 2017, six June 30, 2017 $58 $24.3 $124.4 three six June 30, 2016, three six June 30, 2016 $87 $187 six June 30, 2016 $94 Management evaluates its investments quarterly for other than temporary impairment, relying primarily on industry analyst reports, observation of market conditions and interest rate fluctuations. The following table shows gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position for securities with unrealized losses at June 30, 2017 December 31, 2016. None none one not not June 30, 2017 two twelve six December 31, 2016. Investment Portfolio Gross Unrealized Losses and Fair Value Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses June 30, 2017 Securities available-for-sale: Municipal securities $ - $ - $ - $ - $ - $ - Residential agency pass-through securities - - - - - - Residential collateralized mortgage obligations $ 34,479 $ (107 ) $ 2,760 $ (205 ) $ 37,239 $ (312 ) Commercial mortgage-backed securities 105,180 (1,614 ) - - 105,180 (1,614 ) Asset-backed securities 26,675 (629 ) - - 26,675 (629 ) Equity securities - - 1,330 (168 ) 1,330 (168 ) Total temporarily impaired available-for-sale securities $ 166,334 $ (2,350 ) $ 4,090 $ (373 ) $ 170,424 $ (2,723 ) Securities held-to-maturity: Commercial mortgage-backed securities $ 3,463 $ (30 ) $ - $ - $ 3,463 $ (30 ) Total temporarily impaired held-to-maturity securities $ 3,463 $ (30 ) $ - $ - $ 3,463 $ (30 ) December 31, 2016 Securities available-for-sale: Residential agency pass-through securities $ - $ - $ 138,759 $ (2,355 ) $ 138,759 $ (2,355 ) Residential collateralized mortgage obligations - - 30,650 (185 ) 30,650 (185 ) Commercial mortgage-backed securities - - 15,497 (415 ) 15,497 (415 ) Asset-backed securities 23,539 (385 ) 37,580 (830 ) 61,119 (1,215 ) Equity Securities - - 1,320 (170 ) 1,320 (170 ) Total temporarily impaired available-for-sale securities $ 23,539 $ (385 ) $ 223,806 $ (3,955 ) $ 247,345 $ (4,340 ) Securities held-to-maturity: Residential collateralized mortgage obligations $ - $ - $ 3,830 $ (47 ) $ 3,830 $ (47 ) Commercial mortgage-backed securities - - - - - - Asset-backed securities 4,081 (27 ) - - 4,081 (27 ) Total temporarily impaired held-to-maturity securities $ 4,081 $ (27 ) $ 3,830 $ (47 ) $ 7,911 $ (74 ) The Company has nonmarketable equity securities consisting of investments in several unaffiliated financial institutions, as well as investments in five $20.2 June 30, 2017 $17.5 December 31, 2016. June 30, 2017 December 31, 2016 $17.6 $14.9 June 30, 2017 December 31, 2016. June 30, 2017 December 31, 2016, not |
Note 5 - Loans and Allowance fo
Note 5 - Loans and Allowance for Loan Losses | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 5 June 30, 2017 December 31, 2016 PCI loans All other loans Total PCI loans All other loans Total Commercial: Commercial and industrial $ 2,688 $ 452,264 $ 454,952 $ 3,920 $ 383,481 $ 387,401 Commercial real estate (CRE) - owner-occupied 12,166 349,047 361,213 15,401 352,152 367,553 CRE - investor income producing 29,022 772,676 801,698 30,700 712,407 743,107 AC&D - 1-4 family construction - 95,236 95,236 - 82,707 82,707 AC&D - lots, land & development 7,443 85,318 92,761 8,074 97,288 105,362 AC&D - CRE - 150,170 150,170 - 194,732 194,732 Other commercial 1,934 13,778 15,712 1,962 10,938 12,900 Total commercial loans 53,253 1,918,489 1,971,742 60,057 1,833,705 1,893,762 Consumer: Residential mortgage 18,765 265,146 283,911 21,472 239,049 260,521 Home equity lines of credit (HELOC) 1,066 172,774 173,840 1,088 175,711 176,799 Residential construction 1,655 50,567 52,222 2,470 56,590 59,060 Other loans to individuals 335 16,798 17,133 368 18,537 18,905 Total consumer loans 21,821 505,285 527,106 25,398 489,887 515,285 Total loans 75,074 2,423,774 2,498,848 85,455 2,323,592 2,409,047 Deferred costs - 3,272 3,272 - 3,139 3,139 Total loans, net of deferred costs $ 75,074 $ 2,427,046 $ 2,502,120 $ 85,455 $ 2,326,731 $ 2,412,186 At June 30, 2017 December 31, 2016, $27.5 $20.2 The Bank accepts residential mortgage loan applications and funds loans of qualified borrowers. Funded loans are sold with limited recourse to investors under the terms of pre-existing commitments. The Bank executes all of its loan sales agreements under best efforts contracts with investors. From time to time, the Company may $2.3 June 30, 2017 December 31, 2016. Loans sold are 1 4 not three six June 30, 2017 $21.6 $53.0 three six June 30, 2016 $26.0 $43.6 At June 30, 2017 $979 $1.0 December 31, 2016. Concentrations of Credit - consumer loan portfolio include home equity lines of credit and residential mortgages. At June 30, 2017 December 31, 2016, no Allowance for Loan Losses three six June 30, 2017 2016. Commercial and industrial Shared National Credits CRE - owner- occupied CRE - investor income producing AC&D - 1-4 family construction AC&D - lots, land & development AC&D - CRE Other commercial Residential mortgage HELOC Jr. Lien* HELOC Sr. Lien Residential construction Other loans to individuals Total For the three months ended June 30, 2017 Allowance for Loan Losses: Balance, beginning of period $ 3,093 $ - $ 1,348 $ 2,844 $ 595 $ 513 $ 1,353 $ 77 $ 984 $ 1,513 $ - $ 358 $ 155 $ 12,833 Provision for loan losses (435 ) 556 6 33 82 (56 ) (186 ) 15 124 (730 ) 577 6 8 - Charge-offs (96 ) - - (23 ) - - - - (130 ) (31 ) - (20 ) (28 ) (328 ) Recoveries 11 - - 94 2 23 - - 33 14 - 2 18 198 Net (charge-offs) recoveries (85 ) - - 71 2 23 - - (97 ) (17 ) - (18 ) (10 ) (131 ) Total Allowance for Loan Losses $ 2,573 $ 556 $ 1,354 $ 2,948 $ 679 $ 480 $ 1,167 $ 92 $ 1,011 $ 766 $ 577 $ 346 $ 153 $ 12,702 For the six months ended June 30, 2017 Allowance for Loan Losses: Balance, beginning of period $ 2,720 $ - $ 1,286 $ 2,583 $ 567 $ 526 $ 1,484 $ 126 $ 841 $ - $ 1,391 $ 435 $ 166 $ 12,125 Provision for loan losses (4 ) 556 (26 ) 300 85 (108 ) (317 ) (36 ) 258 864 (814 ) (73 ) (7 ) 678 Charge-offs (158 ) - 39 (36 ) - - - - (130 ) (133 ) - (20 ) (38 ) (476 ) Recoveries 15 - 55 101 27 62 - 2 42 35 - 4 32 375 Net (charge-offs) recoveries (143 ) - 93 65 27 62 - 2 (88 ) (98 ) - (16 ) (6 ) (102 ) Total Allowance for Loan Losses $ 2,573 $ 556 $ 1,354 $ 2,948 $ 679 $ 480 $ 1,167 $ 92 $ 1,011 $ 766 $ 577 $ 346 $ 153 $ 12,702 *Prior to the quarter ended June 30, 2017, second 2017, Commercial and industrial Shared National Credits CRE - owner- occupied CRE - investor income producing AC&D - 1-4 family construction AC&D - lots, land & development AC&D - CRE Other commercial Residential mortgage HELOC Jr. Lien* HELOC Sr. Lien Residential construction Other loans to individuals Total For the three months ended June 30, 2016 Allowance for Loan Losses: Balance, beginning of period $ 2,047 $ - $ 1,108 $ 2,217 $ 381 $ 398 $ 808 $ 67 $ 724 $ - $ 1,393 $ 449 $ 240 $ 9,832 Provision for loan losses 66 - 123 348 91 (70 ) 28 3 104 - 130 (12 ) 71 882 Charge-offs (1 ) - - - - - - - (15 ) - (56 ) - (21 ) (94 ) Recoveries 15 - - 7 13 121 - - 8 - 66 2 19 252 Net (charge-offs) recoveries 14 - - 7 13 121 - - (7 ) - 10 2 (2 ) 158 Total Allowance for Loan Losses $ 2,127 $ - $ 1,231 $ 2,572 $ 485 $ 449 $ 836 $ 70 $ 821 $ - $ 1,533 $ 439 $ 309 $ 10,872 For the six months ended June 30, 2016 Allowance for Loan Losses: Balance, beginning of period $ 1,821 $ - $ 1,135 $ 2,099 $ 247 $ 278 $ 679 $ 69 $ 672 $ - $ 1,337 $ 461 $ 266 $ 9,064 Provision for loan losses 283 - 96 451 221 16 157 (37 ) 129 - 95 (39 ) 66 1,438 Charge-offs (16 ) - - - - - - - (32 ) - (56 ) (11 ) (61 ) (176 ) Recoveries 39 - - 22 17 155 - 38 52 - 157 28 38 546 Net (charge-offs) recoveries 23 - - 22 17 155 - 38 20 - 101 17 (23 ) 370 Total Allowance for Loan Losses $ 2,127 $ - $ 1,231 $ 2,572 $ 485 $ 449 $ 836 $ 70 $ 821 $ - $ 1,533 $ 439 $ 309 $ 10,872 *Prior to Q2 2017, Q2 2017, PARK STERLING CORPORATION Notes to Condensed Consolidated Financial Statements (Unaudited) (table amounts in thousands, except share data and per share amounts) The following table presents, by portfolio segment, the balance in the allowance for loan losses disaggregated on the basis of the Company’s impairment measurement method and the related recorded investment in loans at June 30, 2017 December 31, 2016. Commercial and industrial Shared National Credits CRE - owner- occupied CRE - investor income producing AC&D - 1-4 family construction AC&D - lots, land & development AC&D - CRE Other commercial Residential mortgage HELOC Jr. Lien* HELOC Sr. Lien Residential construction Other loans to individuals Total At June 30, 2017 Allowance for Loan Losses: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 222 $ - $ 20 $ - $ 242 Collectively evaluated for impairment 2,573 556 1,354 2,948 679 480 1,167 92 1,011 544 577 326 153 12,460 2,573 556 1,354 2,948 679 480 1,167 92 1,011 766 577 346 153 12,702 Purchased credit-impaired - - - - - - - - - - - - - - Total $ 2,573 $ 556 $ 1,354 $ 2,948 $ 679 $ 480 $ 1,167 $ 92 $ 1,011 $ 766 $ 577 $ 346 $ 153 $ 12,702 Recorded Investment in Loans: Individually evaluated for impairment $ 460 $ - $ 434 $ 1,874 $ - $ 564 $ - $ 210 $ 2,161 $ 2,473 $ - $ 221 $ - $ 8,398 Collectively evaluated for impairment 451,708 96 348,613 770,802 95,236 84,754 150,170 13,568 262,985 86,681 83,620 50,346 16,798 2,415,376 452,168 96 349,047 772,676 95,236 85,318 150,170 13,778 265,146 89,154 83,620 50,567 16,798 2,423,774 Purchased credit-impaired 2,688 - 12,166 29,022 - 7,443 - 1,934 18,765 1,066 - 1,655 335 75,074 Total $ 454,856 $ 96 $ 361,213 $ 801,698 $ 95,236 $ 92,761 $ 150,170 $ 15,712 $ 283,911 $ 90,220 $ 83,620 $ 52,222 $ 17,133 $ 2,498,848 At December 31, 2016 Allowance for Loan Losses: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 178 $ 20 $ - $ 198 Collectively evaluated for impairment 2,720 - 1,286 2,583 567 526 1,484 126 841 - 1,213 415 166 11,927 2,720 - 1,286 2,583 567 526 1,484 126 841 - 1,391 435 166 12,125 Purchased credit-impaired - - - - - - - - - - - - - - Total $ 2,720 $ - $ 1,286 $ 2,583 $ 567 $ 526 $ 1,484 $ 126 $ 841 $ - $ 1,391 $ 435 $ 166 $ 12,125 Recorded Investment in Loans: Individually evaluated for impairment $ - $ - $ 1,006 $ 1,951 $ - $ 622 $ - $ 211 $ 2,014 $ - $ 2,392 $ 243 $ - $ 8,439 Collectively evaluated for impairment 383,481 - 351,146 710,456 82,707 96,666 194,732 10,727 237,035 - 173,319 56,347 18,537 2,315,153 383,481 - 352,152 712,407 82,707 97,288 194,732 10,938 239,049 - 175,711 56,590 18,537 2,323,592 Purchased credit-impaired 3,920 - 15,401 30,700 - 8,074 - 1,962 21,472 - 1,088 2,470 368 85,455 Total $ 387,401 $ - $ 367,553 $ 743,107 $ 82,707 $ 105,362 $ 194,732 $ 12,900 $ 260,521 $ - $ 176,799 $ 59,060 $ 18,905 $ 2,409,047 *Prior to Q2 2017, Q2 2017, The Company’s loan loss allowance methodology includes four 1 Specific Reserve Component not may may one three 2 Quantitative Reserve Component one The historical loss experience of the Company is collected quarterly by evaluating internal loss data. The estimated historical loss rates are grouped by loan product type. The Company utilizes average historical losses to represent management’s estimate of losses inherent in a particular portfolio. The historical look back period is estimated by loan type, and the Company applies the appropriate historical loss period which best reflects the inherent loss in the applicable portfolio considering prevailing market conditions. The historic look back periods utilized by management for all loan types was 15 June 30, 2017 December 31, 2016. 3 The Company also performs a quantitative calculation on the acquired purchased performing loan portfolio. There is no $272 $257 June 30, 2017 December 31, 2016, $2.6 $3.4 June 30, 2017 December 31, 2016, $1.7 June 30, 2017 3 Qualitative Reserve Component 0.00% not 0.15% five 1.00% 1.00%. eight i. Portfolio trends, which may ii. Portfolio concentrations, which may iii. Economic and market trends, which may iv. Changes in lending practices, which may v. Changes in loan review system, which may vi. Geographical considerations, which may not vii. Minimum loss factor, pursuant to which, based on the review of historic loss rates as reported by the Federal Reserve (the “Net Charge-Off Rates on Loans and Leases for Banks Not 100 Not 15 viii. Other factors, which is intended to capture uncertainty into portfolio loss estimates, including situations of a rapidly improving or declining economic environment, significant recovery or loss periods, as well as environmental factors not In addition, qualitative reserves on purchased performing loans are based on the Company’s judgment around the timing difference expected to occur between accretion of the fair market value credit adjustment and realization of actual loan losses. 4 Reserve on PCI loans . There were no June 30, 2017 December 31, 2016. The Company evaluates and estimates off-balance sheet credit exposure at the same time it estimates credit losses for loans by a similar process. These estimated credit losses are not June 30, 2017 December 31, 2016, $125 Credit Quality Indicators - The following are the definitions of the Company's credit quality indicators: Pass: Loans in classes that comprise the commercial and consumer portfolio segments that are not Special Mention: Loans in classes that comprise the commercial and consumer portfolio segments that have potential weaknesses that deserve management's close attention. If not may Classified: Loans in the classes that comprise the commercial and consumer portfolio segments that are inadequately protected by the sound worth and paying capacity of the borrower or of the collateral pledged, if any. Management believes that there is a distinct possibility that the Company will sustain some loss if the deficiencies related to classified loans are not The Company's credit quality indicators are periodically updated on a case-by-case basis. The following tables present the recorded investment in the Company's loans as of June 30, 2017 December 31, 2016, As of June 30, 2017 Commercial and industrial CRE - owner- occupied CRE - investor income producing AC&D - 1-4 family construction AC&D - lots, land & development AC&D - CRE Other commercial Total Commercial Pass $ 447,136 $ 351,049 $ 794,561 $ 95,236 $ 91,415 $ 150,170 $ 13,655 $ 1,943,222 Special mention 7,094 6,533 3,878 - 938 - 1,731 20,174 Classified 722 3,631 3,259 - 408 - 326 8,346 Total $ 454,952 $ 361,213 $ 801,698 $ 95,236 $ 92,761 $ 150,170 $ 15,712 $ 1,971,742 Residential mortgage HELOC Residential construction Other loans to individuals Total Consumer Pass $ 275,473 $ 165,280 $ 51,887 $ 16,954 $ 509,594 Special mention 5,012 6,247 31 33 11,323 Classified 3,426 2,313 304 146 6,189 Total $ 283,911 $ 173,840 $ 52,222 $ 17,133 $ 527,106 Total Loans $ 2,498,848 As of December 31, 2016 Commercial and industrial CRE - owner- occupied CRE - investor income producing AC&D - 1-4 family construction AC&D - lots, land & development AC&D - CRE Other commercial Total Commercial Pass $ 378,592 $ 356,214 $ 735,698 $ 82,707 $ 102,146 $ 194,732 $ 12,569 $ 1,862,658 Special mention 7,229 7,779 3,276 - 2,727 - - 21,011 Classified 1,580 3,560 4,133 - 489 - 331 10,093 Total $ 387,401 $ 367,553 $ 743,107 $ 82,707 $ 105,362 $ 194,732 $ 12,900 $ 1,893,762 Residential mortgage HELOC Residential construction Other loans to individuals Total Consumer Pass $ 252,934 $ 168,460 $ 58,486 $ 18,711 $ 498,591 Special mention 4,707 5,732 312 14 10,765 Classified 2,880 2,607 262 180 5,929 Total $ 260,521 $ 176,799 $ 59,060 $ 18,905 $ 515,285 Total Loans $ 2,409,047 Aging Analysis of Accruing and Non-Accruing Loans – not June 30, 2017 December 31, 2016. 30-59 60-89 Past Due Days Days 90 Days PCI Past Due Past Due or More Loans Current Total Loans As of June 30, 2017 Commercial: Commercial and industrial $ 10 $ - $ 463 $ 2,688 $ 451,791 $ 454,952 CRE - owner-occupied - 373 463 12,166 348,211 361,213 CRE - investor income producing 239 172 408 29,022 771,857 801,698 AC&D - 1-4 family construction - - - - 95,236 95,236 AC&D - lots, land & development - - - 7,443 85,318 92,761 AC&D - CRE - - - - 150,170 150,170 Other commercial - - 211 1,934 13,567 15,712 Total commercial loans 249 545 1,545 53,253 1,916,150 1,971,742 Consumer: Residential mortgage 1 440 2,218 18,765 262,487 283,911 HELOC 442 191 463 1,066 171,678 173,840 Residential construction 23 - 222 1,655 50,322 52,222 Other loans to individuals 25 88 59 335 16,626 17,133 Total consumer loans 491 719 2,962 21,821 501,113 527,106 Total loans $ 740 $ 1,264 $ 4,507 $ 75,074 $ 2,417,263 $ 2,498,848 As of December 31, 2016 Commercial: Commercial and industrial $ 587 $ 7 $ 167 $ 3,920 $ 382,720 $ 387,401 CRE - owner-occupied - - 385 15,401 351,767 367,553 CRE - investor income producing 169 1,391 1,826 30,700 709,021 743,107 AC&D - 1-4 family construction - - - - 82,707 82,707 AC&D - lots, land & development - - - 8,074 97,288 105,362 AC&D - CRE - - - - 194,732 194,732 Other commercial - - 211 1,962 10,727 12,900 Total commercial loans 756 1,398 2,589 60,057 1,828,962 1,893,762 Consumer: Residential mortgage 328 69 2,940 21,472 235,712 260,521 HELOC 80 1,176 886 1,088 173,569 176,799 Residential construction 8 335 509 2,470 55,738 59,060 Other loans to individuals 46 3 24 368 18,464 18,905 Total consumer loans 462 1,583 4,359 25,398 483,483 515,285 Total loans $ 1,218 $ 2,981 $ 6,948 $ 85,455 $ 2,312,445 $ 2,409,047 Impaired Loans - may The table below presents impaired loans, by class, and the corresponding allowance for loan losses at June 30, 2017 December 31, 2016: June 30, 2017 December 31, 2016 Unpaid Related Unpaid Related Recorded Principal Allowance For Recorded Principal Allowance For Investment Balance Loan Losses Investment Balance Loan Losses Impaired Loans with No Related Allowance Recorded: Commercial: Commercial and industrial $ 461 $ 463 $ - $ - $ - $ - CRE - owner-occupied 434 436 - 995 1,078 - CRE - investor income producing 1,874 1,883 - 1,481 1,489 - AC&D - 1-4 family construction - - - - - - AC&D - lots, land & development 564 567 - 622 748 - AC&D - CRE - - - - - - Other commercial 210 211 - 211 211 - Total commercial loans 3,543 3,560 - 3,309 3,526 - Consumer: Residential mortgage 2,161 2,171 - 2,052 2,077 - HELOC 1,071 1,075 - 1,183 1,190 - Residential construction - - - - - - Other loans to individuals - - - - - - Total consumer loans 3,232 3,246 - 3,235 3,267 - Total impaired loans with no related allowance recorded $ 6,775 $ 6,806 $ - $ 6,544 $ 6,793 $ - Impaired Loans with an Allowance Recorded: Commercial: Commercial and industrial $ - $ - $ - $ - $ - $ - CRE - owner-occupied - - - - - - CRE - investor income producing - - - 463 463 2 AC&D - 1-4 family construction - - - - - - AC&D - lots, land & development - - - - - - AC&D - CRE - - - - - - Other commercial - - - - - - Total commercial loans - - - 463 463 2 Consumer: Residential mortgage - - - - - - HELOC 1,402 1,409 222 1,224 1,248 176 Residential construction 221 222 20 243 243 20 Other loans to individuals - - - - - - Total consumer loans 1,623 1,631 242 1,467 1,491 196 Total impaired loans with an allowance recorded $ 1,623 $ 1,631 $ 242 $ 1,930 $ 1,954 $ 198 Total Impaired Loans Individually Reviewed for Impairment Commercial: Commercial and industrial $ 461 $ 463 $ - $ - $ - $ - CRE - owner-occupied 434 436 - 995 1,078 - CRE - investor income producing 1,874 1,883 - 1,944 1,952 2 AC&D - 1-4 family construction - - - - - - AC&D - lots, land & development 564 567 - 622 748 - AC&D - CRE - - - - - - Other commercial 210 211 - 211 211 - Total commercial loans 3,543 3,560 - 3,772 3,989 2 Consumer: Residential mortgage 2,161 2,171 - 2,052 2,077 - HELOC 2,473 2,484 222 2,407 2,438 176 Residential construction 221 222 20 243 243 20 Other loans to individuals - - - - - - Total consumer loans 4,855 4,877 242 4,702 4,758 196 Total Impaired Loans Individually Reviewed for Impairment $ 8,398 $ 8,437 $ 242 $ 8,474 $ 8,747 $ 198 During the three six June 30, 2017, $26 $52 three six June 30, 2016, $33 $76 three six June 30, 2017 2016 Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Average Interest Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Recorded Income Investment Recognized Investment Recognized Investment Recognized Investment Recognized Impaired Loans with No Related Allowance Recorded: Commercial: Commercial and industrial $ 463 $ 21 $ 449 $ - $ 232 $ 42 $ 299 $ - CRE - owner-occupied 616 2 1,256 - 805 4 1,259 - CRE - investor income producing 2,000 - 888 6 1,741 - 738 13 AC&D - 1-4 family construction - - - - - - - - AC&D - lots, land & development 580 21 691 9 601 42 701 20 AC&D - CRE - - - - - - - - Other commercial 211 - 211 - 211 - 141 - Total commercial loans 3,870 44 3,495 15 3,590 88 3,138 33 Consumer: Residential mortgage 2,189 6 1,929 5 2,121 13 1,720 10 Home equity lines of credit 1,071 1 78 - 1,127 1 104 - Residential construction - - 121 - - - 160 4 Other loans to individuals - - - - - - - - Total consumer loans 2,725 7 2,128 5 3,248 14 1,984 14 Total impaired loans with no related allowance recorded $ 6,594 $ 51 $ 5,623 $ 20 $ 6,837 $ 102 $ 5,122 $ 47 Impaired Loans with an Allowance Recorded: Commercial: Commercial and industrial $ - $ - $ - $ - $ - $ - $ - $ - CRE - owner-occupied - - - - - - - - CRE - investor income producing - - - - 232 6 - - AC&D - 1-4 family construction - - - - - - - - AC&D - lots, land & development - - - - - 1 - - AC&D - CRE - - - - - - - - Other commercial - - - - - - - - Total commercial loans - - - - 232 7 - - Consumer: Residential mortgage - - 139 - - - 92 - Home equity lines of credit 2,048 14 1,224 10 1,636 25 1,224 19 Residential construction 232 3 121 - 238 7 81 - Other loans to individuals - - - - - - - - Total consumer loans 2,280 17 1,484 10 1,874 32 1,397 19 Total impaired loans with an allowance recorded $ 2,280 $ 17 $ 1,484 $ 10 $ 2,106 $ 39 $ 1,397 $ 19 Total Impaired Loans Individually Reviewed for Impairment Commercial: Commercial and industrial $ 463 $ 21 $ 449 $ - $ 232 $ 42 $ 299 $ - CRE - owner-occupied 616 2 1,256 - 805 4 1,259 - CRE - investor income producing 2,000 - 888 6 1,972 6 738 13 AC&D - 1-4 family construction - - - - - - - - AC&D - lots, land & development 580 21 691 9 601 43 701 20 AC&D - CRE - - - - - - - - Other commercial 211 - 211 - 211 - 141 - Total commercial loans 3,870 44 3,495 15 3,821 95 3,138 33 Consumer: Residential mortgage 2,189 6 2,068 5 2,121 13 1,812 10 Home equity lines of credit 2,583 15 1,302 10 2,763 26 1,328 19 Residential construction 232 3 242 - 238 7 241 4 Other loans to individuals - - - - - - - - Total consumer loans 5,004 24 3,612 15 5,122 46 3,381 33 Total Impaired Loans Individually Reviewed for Impairment $ 8,874 $ 68 $ 7,107 $ 30 $ 8,943 $ 141 $ 6,519 $ 66 Total Impaired Loans Collectively Reviewed for Impairment $ - $ - $ 2,211 $ 3 $ - $ - $ 2,283 $ 10 Nonaccrual and Past Due Loans - 90 June 30, 2017, $133 90 December 31, 2016, $1.2 90 June 30, 2017 December 31, 2016, June 30, 2017 December 31, 2016 June 30, December 31, 2017 2016 Commercial: Commercial and industrial $ 463 $ 167 CRE - owner-occupied 1,059 1,085 CRE - investor income producing 2,497 2,193 AC&D - lots, land & development 3 33 Other commercial 211 210 Total commercial loans 4,233 3,688 Consumer: Residential mortgage 2,834 2,458 HELOC 1,938 2,312 Residential construction 222 242 Other loans to individuals 146 119 Total consumer loans 5,140 5,131 Total nonaccrual loans $ 9,373 $ 8,819 Purchased Credit-Impa ired Loans – $94.6 $109.8 $75.1 $85.5 June 30, 2017 December 31, 2016, 2.3% 2.6% June 30, 2017 December 31, 2016, no A summary of changes in the accretable yield for PCI loans for the six June 30, 2017 2016 Six Months Ended June 30, 2017 2016 Accretable yield, beginning of period $ 30,959 $ 32,509 Addition from the First Capital acquisition - 1,663 Servicing income (1,318 ) (2,985 ) Accretion to interest income (2,687 ) (2,814 ) Reclassification of nonaccretable difference due to improvement in expected cash flows 2,699 1,515 Other changes, net 616 489 Accretable yield, end of period $ 30,269 $ 30,377 Troubled Debt Restructuring - may not may As of June 30, 2017, nine $2.5 $83 December 31, 2016, 11 $2.9 $374 $242 $198 June 30, 2017 December 31, 2016, There were no six June 30, 2017 six June 30, 2016. Commercial TDRs may may 90 no may no not June 30, 2017, one six June 30, 2017. Consumer TDRs June 30, 2017, three June 30, 2017. There were no 12 months ended June 30, 2017 June 30, 2016 six June 30, 2017 June 30, 2016, The Company does not three six June 30, 2017 2016: Three months ended June 30, 2017 Six months ended June 30, 2017 Number of loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Extended payment terms - $ - $ - - $ - $ - Total - $ - $ - - $ - $ - Three months ended June 30, 2016 Six months ended June 30, 2016 Number of loans Pre-Modification Outstanding Recorded Investment Post-Modificatio n Outstanding Recorded Investment Number of loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Extended payment terms CRE - investor income producing 1 91 91 1 91 91 Total 1 $ 91 $ 91 1 $ 91 $ 91 The following table presents the successes and failures of the types of modifications indicated within the twelve June 30, 2017 2016: Twelve Months Ended June 30, 2017 Paid in full Paying as restructured Foreclosure/Default Number of loans Recorded Investment Number of loans Recorded Investment Number of loans Recorded Investment Extended payment terms - $ - 6 $ 2,457 - $ - Total - $ - 6 $ 2,457 - $ - Twelve Months Ended June 30, 2016 Paid in full Paying as restructured Foreclosure/Default Number of loans Recorded Investment Number of loans Recorded Investment Number of loans Recorded Investment Extended payment terms - - 1 91 - - Total - $ - 1 $ 91 - $ - Related Party Loans – not Loans to Directors, Executive Officers and Their Related Interests Six Months Ended Twelve Months Ended June 30, December 31, 2017 2016 Beginning balance $ 15,433 $ 14,404 Disbursements 1,544 2,806 Repayments (1,402 ) (1,777 ) Ending balance $ 15,575 $ 15,433 At June 30, 2017 December 31, 2016, $1.2 $716 In addition to related party loans, the Company engages in deposit transactions with its directors, executive officers and their related interests. Such deposits are made in the ordinary course of business and on substantially the same terms as those for comparable transactions prevailing at the time and do not June 30, 2017 December 31, 2016 $12.0 $9.6 |
Note 6 - Other Real Estate Owne
Note 6 - Other Real Estate Owned | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Real Estate Owned [Text Block] | Note 6 The Company owned $3.2 $2.4 June 30, 2017 December 31, 2016, three six June 30, 2017 2016 Three months ended Six months ended June 30, June 30, Non-Covered OREO 2017 2016 2017 2016 Beginning balance $ 3,167 $ 3,425 $ 2,438 $ 4,211 Additions 322 92 1,433 1,593 Sales (157 ) (503 ) (381 ) (2,666 ) Writedowns (157 ) (92 ) (315 ) (216 ) Ending balance $ 3,175 $ 2,922 $ 3,175 $ 2,922 Covered OREO 2017 2016 2017 2016 Beginning balance $ - $ 985 $ - $ 1,240 Additions - - - - Transfers from covered to non-covered - - - - Sales - (562 ) - (782 ) Writedowns - (43 ) - (78 ) Ending balance $ - $ 380 $ - $ 380 As of June 30, 2017 December 31, 2016, $1.6 $2.1 As of June 30, 2017 December 31, 2016, $120 $12 |
Note 7 - Income Taxes
Note 7 - Income Taxes | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 7 – Income Taxes Income taxes are provided based on the asset-liability method of accounting, which includes the recognition of a deferred tax asset (“DTAs”) or a liability for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. In general, the Company records a DTA when the event giving rise to the tax benefit has been recognized in the consolidated financial statements. As of June 30, 2017 December 31, 2016, $20.8 $25.7 2017 740, not 50% not June 30, 2017 December 31, 2016 not not June 30, 2017 December 31, 2016. |
Note 8 - Per Share Results
Note 8 - Per Share Results | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 8 - Per Share Results Basic earnings per share represent income available to shareholders divided by the weighted-average number of shares outstanding during the relevant period. Diluted earnings per share reflect additional shares that would have been outstanding if dilutive potential shares had been issued. Potential shares that may Basic and diluted earnings per common share have been computed based upon net income as presented in the accompanying condensed consolidated statements of income divided by the weighted-average number of common shares outstanding or assumed to be outstanding as summarized below: Weighted-Average Shares for Earnings Per Share Calculation Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Weighted-average number of common shares outstanding unvested restricted shares 52,821,415 52,394,397 52,761,766 52,340,772 Effect of dilutive stock options and unvested restricted shares 660,431 310,140 696,939 310,114 Weighted-average number of common shares and dilutive potential common shares outstanding 53,481,846 52,704,537 53,458,705 52,650,886 At June 30, 2017, 1,269,428 375,056 three six June 30, 2017, 516,568 143,863 520,512 176,427, At June 30, 2016, 1,817,103 961,898 three six June 30, 2016, 237,650 72,490 223,547 86,567, |
Note 9 - Commitments and Contin
Note 9 - Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 9 - Commitments and Contingencies In the normal course of business, there are various outstanding commitments and contingent liabilities, such as commitments to extend credit, which are not June 30, 2017, $705.2 $7.3 $6.4 December 31, 2016, $758.3 $8.2 $9.7 no |
Note 10 - Derivative Financial
Note 10 - Derivative Financial Instruments and Hedging Activities | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | Note 1 0 - Derivative Financial Instruments and Hedging Activities The Company uses certain derivative instruments, including interest rate floors, swaps, and foreign exchange contracts, to meet the needs of its customers as well as to manage the interest rate risk associated with certain transactions. The following table summarizes the derivative financial instruments utilized by the Company: June 30, 2017 December 31, 2016 Estimated Fair Value Estimated Fair Value Notional Notional Balance Sheet Location Amount Gain Loss Amount Gain Loss Cash flow hedges: Interest rate contracts: Other assets and Pay fixed swaps with counterparty $ 25,000 $ - $ 277 $ 25,000 $ - $ 427 Fair value hedges: Interest rate contracts: Pay fixed rate swaps with counterparty Other liabilities 30,227 - 230 25,151 - 155 Not designated as hedges: Customer-related interest rate contracts: Matched interest rate swaps with borrower Other assets and 247,762 3,255 1,947 203,758 2,283 2,247 Matched interest rate swaps with counterparty Other liabilities 247,762 - 1,664 203,758 - 313 Matched foreign exchange contract with borrower Other assets 2,151 143 - 1,857 7 - Matched foreign exchange contract with counterparty Other liabilities 2,151 - 143 1,857 - 7 499,826 3,398 3,754 411,230 2,290 2,567 Total derivatives $ 555,053 $ 3,398 $ 4,261 $ 461,381 $ 2,290 $ 3,149 The Company entered into three December 2013 $50.0 seven $12.5 five $12.5 seven $25.0 two January 2, 2014, January 2, 2014 January 4, 2016, 1.688% February 3, 2014, 2.341% February 3, 2014, 3.104% February 1, 2016, January 2016, $25.0 two $1.9 60 277 427 June 30, 2017 December 31, 2016, At June 30, 2017 December 31, 2016, $30.2 $25.2 815, Derivatives and Hedging To meet the needs of its customers, the Company enters into interest rate swap agreements to convert customers’ variable rate loans with the Company to a fixed rate. To offset this interest rate risk, the Company has entered into substantially identical agreements with an unrelated market counterparty to swap these fixed rate agreements into variable rates. The interest rate swaps are used to provide the customer fixed rate financing while managing interest rate risk and were not one $247.8 at June 30, 2017 $3.3 $3.6 The Company also enters into foreign exchange contracts with customers to accommodate their need to convert certain foreign currencies into U.S. Dollars. To offset the foreign exchange risk, the Company has entered into substantially identical agreements with an unrelated market counterparty to hedge these foreign exchange contracts. The foreign exchange contracts had a notional amount of $2.2 $1.9 June 30, 2017 December 31, 2016, The following table details the location and amounts recognized in the Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Comprehensive Income: Effective Portion Pre-tax gain (loss) Pre-tax gain (loss) reclassified recognized in OCI from AOCI into income For the three months ended For the six months ended Location of For the three months ended For the six months ended June 30, June 30, amounts reclassified June 30, June 30, 2017 2016 2017 2016 from AOCI into Income 2017 2016 2017 2016 Cash flow hedges: Interest rate contracts $ 21 $ (475 ) $ 150 $ (1,700 ) Total interest expense $ 145 $ 88 $ 313 $ 177 Pre-tax gain (loss) recognized in income For the three months ended For the six months ended Location of amounts June 30, June 30, recognized in income 2017 2016 2017 2016 Fair value hedges: Interest rate contracts Pay fixed rate swaps with counterparty Total interest income $ (64 ) $ (80 ) $ (130 ) $ (153 ) Not designated as hedges: Client-related interest rate contracts Other income 594 (143 ) 1,120 $ (288 ) $ 530 $ (223 ) $ 990 $ (441 ) Because of the unfavorable position of outstanding swap instruments at June 30, 2017 December 31, 2016, $1.1 $1.2 |
Note 11 - Accumulated Other Com
Note 11 - Accumulated Other Comprehensive Income (Loss) | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | Note 11 The before and after tax amounts allocated to each component of other comprehensive income are presented in the following table. Reclassification adjustments related to securities available for sale are included in gain on sale of securities available-for-sale in the accompanying Condensed Consolidated Statements of Income. Amortization of net unrealized losses on securities transferred to held-to-maturity is included in interest income on taxable investment securities in the accompanying Condensed Consolidated Statements of Income. For the Three Months Ended For the Three Months Ended June 30, 2017 June 30, 2016 Before Tax Amount Tax Expense (Benefit) Net of Tax Amount Before Tax Amount Tax Expense (Benefit) Net of Tax Amount Securities available for sale and transferred securities: Change in net unrealized gains during the period $ 1,171 $ 448 $ 723 $ 2,118 $ 838 $ 1,280 Change in net unrealized gain (loss) on securities transferred to held to maturity 65 24 41 26 37 (11 ) Reclassification adjustment for net gains recognized in net income - - - 87 (33 ) 120 Total securities available for sale and transferred securities 1,236 472 764 2,231 842 1,389 Derivatives: Change in the accumulated loss on effective cash flow hedge derivatives 21 93 (72 ) (475 ) (114 ) (361 ) Change in the accumulated loss on terminated cash flow hedge derivatives (52 ) (22 ) (30 ) 93 33 60 Reclassification adjustment for interest payments 145 (52 ) 197 87 (33 ) 120 Total derivatives 114 19 95 (295 ) (114 ) (181 ) Total other comprehensive income $ 1,350 $ 491 $ 859 $ 1,936 $ 728 $ 1,208 For the Six Months Ended For the Six Months Ended June 30, 2017 June 30, 2016 Before Tax Amount Tax Expense (Benefit) Net of Tax Amount Before Tax Amount Tax Expense (Benefit) Net of Tax Amount Securities available for sale and transferred securities: Change in net unrealized gains during the period $ 1,937 $ 639 $ 1,298 $ 6,809 $ 2,504 $ 4,305 Change in net unrealized gain (loss) on securities transferred to held to maturity 127 103 24 52 64 (12 ) Reclassification adjustment for net gains recognized in net income (58 ) - (58 ) 93 33 60 Total securities available for sale and transferred securities 2,006 742 1,264 6,954 2,601 4,353 Derivatives: Change in the accumulated loss on effective cash flow hedge derivatives 150 432 (282 ) (1,700 ) 46 (1,746 ) Change in the accumulated loss on terminated cash flow hedge derivatives (128 ) (22 ) (106 ) 186 (611 ) 797 Reclassification adjustment for interest payments 313 (291 ) 604 177 65 112 Total derivatives 335 119 216 (1,337 ) (500 ) (837 ) Total other comprehensive income $ 2,341 $ 861 $ 1,480 $ 5,617 $ 2,101 $ 3,516 PARK STERLING CORPORATION Notes to Condensed Consolidated Financial Statements (Unaudited) (table amounts in thousands, except share data and per share amounts) The following table presents activity in accumulated other comprehensive income (loss), net of tax, by component for the periods indicated. Securities Available for Sale Securities Transferred from Available for Sale to Held to Maturity Derivatives Accumulated Other Comprehensive Income (Loss) Balance, January 1, 2017 $ 3,672 $ (751 ) $ (6,203 ) $ (3,282 ) Other comprehensive income (loss) before reclassifications 1,322 - (282 ) 1,040 Amounts reclassified from accumulated other comprehensive loss (58 ) - 604 546 Transfer of securities from available for sale to held to maturity 26 (24 ) (106 ) (104 ) Net other comprehensive income (loss) during the period 1,288 (24 ) 216 1,480 Balance, June 30, 2017 $ 4,962 $ (775 ) $ (5,987 ) $ (1,800 ) Balance, January 1, 2016 $ 564 $ (1,065 ) $ (2,362 ) $ (2,863 ) Other comprehensive income (loss) before reclassifications 4,293 - (1,746 ) 2,547 Amounts reclassified from accumulated other comprehensive loss 60 - 112 172 Transfer of securities from available for sale to held to maturity 12 (12 ) - - Terminated cash flow hedge derivatives - - 797 797 Net other comprehensive income (loss) during the period 4,365 (12 ) (837 ) 3,516 Balance, June 30, 2016 $ 4,929 $ (1,077 ) $ (3,199 ) $ 653 |
Note 12 - Fair Value Measuremen
Note 12 - Fair Value Measurements | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 1 2 - Fair Value Measurements The Company is required to disclose the estimated fair value of financial instruments, both assets and liabilities on and off the balance sheet, for which it is practicable to estimate fair value. These fair value estimates are made at each balance sheet date, based on relevant market information and information about the financial instruments. Fair value estimates are intended to represent the price at which an asset could be sold or the price for which a liability could be settled in an orderly transaction between market participants at the measurement date. However, given there is no Cash and Cash Equivalents – Investment Securities Available-for-sale and Investment Securities Held-to-Maturity - not Nonmarketable Equity Securities – no not Loans Held for Sale - Loans, net of allowance - no Accrued Interest Receivable - Deposits - no Borrowings - Subordinated Loans and Junior Subordinated Debentures – Accrued Interest Payable - Derivative Instruments Financial Instruments with Off-Balance Sheet Risk - not The Company utilizes fair value measurements to determine fair value disclosures. The Company groups assets and liabilities at fair value in three Level 1 Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2 Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not Level 3 Valuation is generated from model-based techniques that use at least one not may The carrying amounts and estimated fair values of the Company’s financial instruments, none June 30, 2017 December 31, 2016 Financial Instruments Carrying Amounts and Estimated Fair Values Fair Value Measurements Carrying Estimated Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs Amount Fair Value (Level 1) (Level 2) (Level 3) June 30, 2017 Financial assets: Cash and cash equivalents $ 91,630 $ 91,630 $ 91,630 $ - $ - Investment securities available-for-sale 403,602 403,602 1,239 401,043 1,320 Investment securities held-to-maturity 87,690 89,446 - 89,446 Nonmarketable equity securities 20,179 20,179 - 20,179 - Loans held for sale 3,102 3,102 - 3,102 - Loans, net of allowance 2,489,418 2,420,128 - 247,762 2,172,366 Accrued interest receivable 6,801 6,801 - 6,801 - Derivative instruments 3,398 3,398 - 3,398 - Financial liabilities: Deposits with no stated maturity 1,845,526 1,845,526 - 1,845,526 - Deposits with stated maturities 691,656 693,297 - 693,297 - Short-term borrowings 345,000 345,000 - 345,000 - Long-term borrowings 29,758 29,758 - 29,758 - Subordinated loan and junior subordinated debt 33,832 33,832 - 33,832 - Accrued interest payable 627 627 - 627 - Derivative instruments 4,261 4,261 - 4,261 - December 31, 2016 Financial assets: Cash and cash equivalents $ 83,614 $ 83,614 $ 83,614 $ - $ - Investment securities available-for-sale 402,501 402,501 1,239 399,942 1,320 Investment securities held-to-maturity 91,752 92,828 - 92,828 - Nonmarketable equity securities 17,501 17,501 - 17,501 - Loans held for sale 7,996 7,996 - 7,996 - Loans, net of allowance 2,400,061 2,321,390 - 27,941 2,293,449 Accrued interest receivable 6,799 6,799 - 6,799 - Derivative instruments 2,290 2,290 - 2,290 - Financial liabilities: Deposits with no stated maturity 1,772,680 1,772,680 - 1,772,680 - Deposits with stated maturities 741,072 744,062 - 744,062 - Short-term borrowings 285,000 285,000 285,000 - Long-term borrowings 29,736 29,736 - 29,736 - Subordinated loan and junior subordinated debt 33,501 33,501 33,501 - Accrued interest payable 541 541 - 541 - Derivative instruments 3,149 3,149 - 3,149 - The Company also utilizes fair value measurements to record fair value adjustments to certain assets and liabilities. Securities available-for-sale and derivative instruments are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may The following is a description of valuation methodologies used for assets and liabilities recorded at fair value: Investment Securities - not 1 2 3 Derivative Instruments – not third 2. June 30, 2017 December 31, 2016, Impaired Loans - not one not 3. At June 30, 2017 December 31, 2016, not Loans held for sale – 2. Other real estate owned - 3. Assets and Liabilities Recorded at Fair Value on a Recurring Basis The table below presents, by level within the fair value hierarchy, the recorded amount of assets and liabilities at June 30, 2017 December 31, 2016 Fair Value on a Recurring Basis Quoted Prices in Significant Significant Active Markets for Other Unobservable Identical Assets Observable Inputs Inputs Assets/Liabilities Description (Level 1) (Level 2) (Level 3) at Fair Value June 30, 2017 Municipal securities $ - $ 13,234 $ - $ 13,234 Residential agency pass-through securities - 141,996 - 141,996 Residential collateralized mortgage obligations - 162,045 - 162,045 Commercial mortgage-backed obligations - 15,510 - 15,510 Asset-backed securities - 68,248 - 68,248 Corporate and other securities - 10 1,320 1,330 All other equity securities 1,239 - - 1,239 Fair value loans - 247,762 - 247,762 Derivative assets - 3,398 - 3,398 Derivative liabilities - (4,261 ) - (4,261 ) December 31, 2016 Municipal securities - 13,319 - 13,319 Residential agency pass-through securities - 192,765 - 192,765 Residential collateralized mortgage obligations - 94,410 - 94,410 Commercial mortgage-backed obligations - 15,497 - 15,497 Asset-backed securities - 83,951 - 83,951 Corporate and other securities - - 1,320 1,320 All other equity securities 1,239 - - 1,239 Fair value loans - 27,941 - 27,941 Derivative assets - 2,290 2,290 Derivative liabilities - (3,149 ) - (3,149 ) Securities measured on a Level 3 June 30, 2017 December 31, 2016 no six June 30, 2017 June 30, 2016. The following is a reconciliation of the beginning and ending balances for assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3 three six June 30, 2017 June 30, 2016. Securities Available for Sale (in thousands) Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Fair value, beginning of the period $ 1,320 $ 1,360 $ 1,320 $ 1,500 Change in unrealized gain recognized in other comprehensive income - - - (140 ) Fair value, end of the period $ 1,320 $ 1,360 $ 1,320 $ 1,360 Assets Recorded at Fair Value on a Nonrecurring Basis The Company may 3 third Discounts range from 0% 100% 8% may Impaired loans and related write-downs are based on the fair value of the underlying collateral if repayment is expected solely from the collateral or using a pooled probability of default and loss given default calculation. Collateral values are reviewed quarterly and estimated using customized discounting criteria and appraisals. Other real estate owned is based on the lower of the cost or fair value of the underlying collateral less expected selling costs. Collateral values are estimated primarily using appraisals and reflect a market value approach. Fair values are reviewed quarterly and new appraisals are generally obtained annually. The following table sets forth by level, within the fair value hierarchy, the Company’s assets recorded at fair value on a nonrecurring basis at June 30, 2017 December 31, 2016: Fair Value on a Nonrecurring Basis Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets/ Assets Inputs Inputs (Liabilities) Description (Level 1) (Level 2) (Level 3) at Fair Value June 30, 2017 OREO $ - $ - $ 3,175 $ 3,175 Impaired loans: Commercial and industrial - - 460 460 CRE - owner-occupied - - 434 434 CRE - investor income producing - - 1,874 1,874 AC&D - lots, land & development - - 564 564 Other commercial - - 210 210 Residential mortgage - - 2,161 2,161 HELOC - - 2,473 2,473 Residential construction - - 221 221 December 31, 2016 OREO $ - $ - $ 3,332 $ 3,332 Impaired loans: CRE - owner-occupied - - 1,078 1,078 CRE - investor income producing - - 353 353 AC&D - lots, land, & development - - 748 748 Other commercial - - 211 211 Residential mortgage - - 2,077 2,077 HELOC - - 2,438 2,438 Residential construction - - 243 243 In accordance with accounting for foreclosed property, the carrying value of OREO is periodically reviewed and written down to fair value and any loss is included in earnings. During the three June 30, 2017, $2.4 $0.3 $2.1 six June 30, 2017, $3.2 $0.2 $3.0 three June 30, 2016, $0.6 $0.1 $0.5 six June 30, 2016, $3.6 $0.3 $3.3 The table below presents the valuation methodology and unobservable inputs for Level 3 June 30, 2017. Weighted Fair Value Valuation Methodology Unobservable Inputs Range of Inputs Average Discount OREO $ 3,175 Appraisals Discount to reflect current 0% - 30% 5.22 % market conditions Impaired loans 8,397 Collateral based Discount to reflect current 0% - 60% 7.39 % measurements market conditions and ultimate collectability $ 11,572 |
Note 13 - Shareholders' Equity
Note 13 - Shareholders' Equity | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | Note 1 3 – Shareholders’ Equity For the six June 30, 2017, 164,994 1,400 2014 82,600 44,806 six June 30, 2016, 236,534 1,300 2014 248,349 123,826 The Company maintains share-based plans for directors and employees to attract, retain and provide incentives for key employees and directors in the form of incentive and non-qualified stock options and restricted stock. The total number of shares available for issuance under all outstanding share-based plans is 448,974 June 30, 2017. Activity in the Company’s share-based plans is summarized in the following table: For the Six Months Ended June 30, 2017 Outstanding Options Nonvested Restricted Shares Weighted Weighted Weighted Average Average Average Aggregate Number Exercise Contractual Intrinsic Number Grant Date Intrinsic Outstanding Price Term (Years) Value Outstanding Fair Value Value At December 31, 2016 1,405,515 $ 7.25 3.18 $ 5,412,428 405,732 $ 5.02 $ 4,377,846 Restricted shares granted - - - 164,994 12.01 Options exercised (136,056 ) 5.80 - - - Restricted shares vested - - - (184,103 ) 6.93 Expired and forfeited - - - (11,567 ) 9.22 At June 30, 2017 1,269,459 $ 7.40 2.76 $ 5,942,119 375,056 $ 9.21 $ 4,447,787 Exercisable at June 30, 2017 1,269,459 At June 30, 2017, no $0 three June 30, 2017. no three June 30, 2016 $23 $13 six June 30, 2017 2016, At June 30, 2017, $3.5 2.76 $449 $387 three June 30, 2017 2016, $797 $670 six June 30, 2017 2016, |
Note 14 - Subsequent Events
Note 14 - Subsequent Events | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | Note 1 4 – Subsequent Event s Dividend Declaration On July 26, 2017, $0.04 August 25, 2017 August 9, 2017. |
Note 4 - Investment Securities
Note 4 - Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Investment [Table Text Block] | Amortized Cost and Fair Value of Investment Portfolio Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value June 30, 2017 Securities available-for-sale: Municipal securities $ 12,736 $ 498 $ - $ 13,234 Residential agency pass-through securities 142,558 791 (1,353 ) 141,996 Residential collateralized mortgage obligations 161,168 984 (107 ) 162,045 Commercial mortgage-backed securities 15,771 - (261 ) 15,510 Asset-backed securities 68,733 349 (834 ) 68,248 Corporate and other securities 1,487 - (157 ) 1,330 Equity securities 1,250 - (11 ) 1,239 Total securities available-for-sale $ 403,703 $ 2,622 $ (2,723 ) $ 403,602 Securities held-to-maturity: Residential agency pass-through securities $ 31,380 $ 678 $ (30 ) $ 32,028 Residential collateralized mortgage obligations 6,419 110 - 6,529 Commercial mortgage-backed obligations 46,410 957 - 47,367 Asset-backed securities 3,481 41 - 3,522 Total securities held-to-maturity $ 87,690 $ 1,786 $ (30 ) $ 89,446 December 31, 2016 Securities available-for-sale: Municipal securities $ 12,731 $ 588 $ - $ 13,319 Residential agency pass-through securities 194,175 945 (2,355 ) 192,765 Residential collateralized mortgage obligations 93,980 615 (185 ) 94,410 Commercial mortgage-backed securities 15,912 - (415 ) 15,497 Asset-backed securities 84,955 211 (1,215 ) 83,951 Corporate and other securities 1,479 - (159 ) 1,320 Equity securities 1,250 - (11 ) 1,239 Total securities available-for-sale $ 404,482 $ 2,359 $ (4,340 ) $ 402,501 Securities held-to-maturity: Residential agency pass-through securities $ 34,063 $ 537 $ (47 ) $ 34,553 Residential collateralized mortgage obligations 6,730 87 - 6,817 Commercial mortgage-backed obligations 46,851 526 - 47,377 Asset-backed securities 4,108 - (27 ) 4,081 Total securities held-to-maturity $ 91,752 $ 1,150 $ (74 ) $ 92,828 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Maturities of Investment Portfolio June 30, 2017 Amortized Fair Cost Value Securities available-for-sale: Municipal securities Due after one year through five years 3,311 3,371 Due after five years through ten years 2,508 2,635 Due after ten years 6,917 7,228 Residential agency pass-through securities Due after five years through ten years 5,802 6,051 Due after ten years 136,756 135,945 Residential collateralized mortgage obligations Due after five years through ten years 13,886 13,945 Due after ten years 147,282 148,100 Commercial mortgage-backed obligations Due after one year through five years 15,771 15,510 Asset-backed securities Due after five years through ten years 51,489 51,359 Due after ten years 17,244 16,889 Corporate and other securities Due after ten years 1,487 1,330 Equity securities No maturity 1,250 1,239 Total securities available-for-sale $ 403,703 $ 403,602 Securities held-to-maturity: Residential agency pass-through securities Due after ten years $ 31,380 $ 32,028 Residential collateralized mortgage obligations Due after ten years 6,419 6,529 Commercial mortgage-backed obligations Due after one year through five years 18,275 18,631 Due after five years through ten years 28,135 28,736 Asset-backed securities Due after ten years 3,481 3,522 Total securities held-to-maturity $ 87,690 $ 89,446 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Investment Portfolio Gross Unrealized Losses and Fair Value Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses June 30, 2017 Securities available-for-sale: Municipal securities $ - $ - $ - $ - $ - $ - Residential agency pass-through securities - - - - - - Residential collateralized mortgage obligations $ 34,479 $ (107 ) $ 2,760 $ (205 ) $ 37,239 $ (312 ) Commercial mortgage-backed securities 105,180 (1,614 ) - - 105,180 (1,614 ) Asset-backed securities 26,675 (629 ) - - 26,675 (629 ) Equity securities - - 1,330 (168 ) 1,330 (168 ) Total temporarily impaired available-for-sale securities $ 166,334 $ (2,350 ) $ 4,090 $ (373 ) $ 170,424 $ (2,723 ) Securities held-to-maturity: Commercial mortgage-backed securities $ 3,463 $ (30 ) $ - $ - $ 3,463 $ (30 ) Total temporarily impaired held-to-maturity securities $ 3,463 $ (30 ) $ - $ - $ 3,463 $ (30 ) December 31, 2016 Securities available-for-sale: Residential agency pass-through securities $ - $ - $ 138,759 $ (2,355 ) $ 138,759 $ (2,355 ) Residential collateralized mortgage obligations - - 30,650 (185 ) 30,650 (185 ) Commercial mortgage-backed securities - - 15,497 (415 ) 15,497 (415 ) Asset-backed securities 23,539 (385 ) 37,580 (830 ) 61,119 (1,215 ) Equity Securities - - 1,320 (170 ) 1,320 (170 ) Total temporarily impaired available-for-sale securities $ 23,539 $ (385 ) $ 223,806 $ (3,955 ) $ 247,345 $ (4,340 ) Securities held-to-maturity: Residential collateralized mortgage obligations $ - $ - $ 3,830 $ (47 ) $ 3,830 $ (47 ) Commercial mortgage-backed securities - - - - - - Asset-backed securities 4,081 (27 ) - - 4,081 (27 ) Total temporarily impaired held-to-maturity securities $ 4,081 $ (27 ) $ 3,830 $ (47 ) $ 7,911 $ (74 ) |
Note 5 - Loans and Allowance 23
Note 5 - Loans and Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | June 30, 2017 December 31, 2016 PCI loans All other loans Total PCI loans All other loans Total Commercial: Commercial and industrial $ 2,688 $ 452,264 $ 454,952 $ 3,920 $ 383,481 $ 387,401 Commercial real estate (CRE) - owner-occupied 12,166 349,047 361,213 15,401 352,152 367,553 CRE - investor income producing 29,022 772,676 801,698 30,700 712,407 743,107 AC&D - 1-4 family construction - 95,236 95,236 - 82,707 82,707 AC&D - lots, land & development 7,443 85,318 92,761 8,074 97,288 105,362 AC&D - CRE - 150,170 150,170 - 194,732 194,732 Other commercial 1,934 13,778 15,712 1,962 10,938 12,900 Total commercial loans 53,253 1,918,489 1,971,742 60,057 1,833,705 1,893,762 Consumer: Residential mortgage 18,765 265,146 283,911 21,472 239,049 260,521 Home equity lines of credit (HELOC) 1,066 172,774 173,840 1,088 175,711 176,799 Residential construction 1,655 50,567 52,222 2,470 56,590 59,060 Other loans to individuals 335 16,798 17,133 368 18,537 18,905 Total consumer loans 21,821 505,285 527,106 25,398 489,887 515,285 Total loans 75,074 2,423,774 2,498,848 85,455 2,323,592 2,409,047 Deferred costs - 3,272 3,272 - 3,139 3,139 Total loans, net of deferred costs $ 75,074 $ 2,427,046 $ 2,502,120 $ 85,455 $ 2,326,731 $ 2,412,186 |
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | Commercial and industrial Shared National Credits CRE - owner- occupied CRE - investor income producing AC&D - 1-4 family construction AC&D - lots, land & development AC&D - CRE Other commercial Residential mortgage HELOC Jr. Lien* HELOC Sr. Lien Residential construction Other loans to individuals Total For the three months ended June 30, 2017 Allowance for Loan Losses: Balance, beginning of period $ 3,093 $ - $ 1,348 $ 2,844 $ 595 $ 513 $ 1,353 $ 77 $ 984 $ 1,513 $ - $ 358 $ 155 $ 12,833 Provision for loan losses (435 ) 556 6 33 82 (56 ) (186 ) 15 124 (730 ) 577 6 8 - Charge-offs (96 ) - - (23 ) - - - - (130 ) (31 ) - (20 ) (28 ) (328 ) Recoveries 11 - - 94 2 23 - - 33 14 - 2 18 198 Net (charge-offs) recoveries (85 ) - - 71 2 23 - - (97 ) (17 ) - (18 ) (10 ) (131 ) Total Allowance for Loan Losses $ 2,573 $ 556 $ 1,354 $ 2,948 $ 679 $ 480 $ 1,167 $ 92 $ 1,011 $ 766 $ 577 $ 346 $ 153 $ 12,702 For the six months ended June 30, 2017 Allowance for Loan Losses: Balance, beginning of period $ 2,720 $ - $ 1,286 $ 2,583 $ 567 $ 526 $ 1,484 $ 126 $ 841 $ - $ 1,391 $ 435 $ 166 $ 12,125 Provision for loan losses (4 ) 556 (26 ) 300 85 (108 ) (317 ) (36 ) 258 864 (814 ) (73 ) (7 ) 678 Charge-offs (158 ) - 39 (36 ) - - - - (130 ) (133 ) - (20 ) (38 ) (476 ) Recoveries 15 - 55 101 27 62 - 2 42 35 - 4 32 375 Net (charge-offs) recoveries (143 ) - 93 65 27 62 - 2 (88 ) (98 ) - (16 ) (6 ) (102 ) Total Allowance for Loan Losses $ 2,573 $ 556 $ 1,354 $ 2,948 $ 679 $ 480 $ 1,167 $ 92 $ 1,011 $ 766 $ 577 $ 346 $ 153 $ 12,702 Commercial and industrial Shared National Credits CRE - owner- occupied CRE - investor income producing AC&D - 1-4 family construction AC&D - lots, land & development AC&D - CRE Other commercial Residential mortgage HELOC Jr. Lien* HELOC Sr. Lien Residential construction Other loans to individuals Total For the three months ended June 30, 2016 Allowance for Loan Losses: Balance, beginning of period $ 2,047 $ - $ 1,108 $ 2,217 $ 381 $ 398 $ 808 $ 67 $ 724 $ - $ 1,393 $ 449 $ 240 $ 9,832 Provision for loan losses 66 - 123 348 91 (70 ) 28 3 104 - 130 (12 ) 71 882 Charge-offs (1 ) - - - - - - - (15 ) - (56 ) - (21 ) (94 ) Recoveries 15 - - 7 13 121 - - 8 - 66 2 19 252 Net (charge-offs) recoveries 14 - - 7 13 121 - - (7 ) - 10 2 (2 ) 158 Total Allowance for Loan Losses $ 2,127 $ - $ 1,231 $ 2,572 $ 485 $ 449 $ 836 $ 70 $ 821 $ - $ 1,533 $ 439 $ 309 $ 10,872 For the six months ended June 30, 2016 Allowance for Loan Losses: Balance, beginning of period $ 1,821 $ - $ 1,135 $ 2,099 $ 247 $ 278 $ 679 $ 69 $ 672 $ - $ 1,337 $ 461 $ 266 $ 9,064 Provision for loan losses 283 - 96 451 221 16 157 (37 ) 129 - 95 (39 ) 66 1,438 Charge-offs (16 ) - - - - - - - (32 ) - (56 ) (11 ) (61 ) (176 ) Recoveries 39 - - 22 17 155 - 38 52 - 157 28 38 546 Net (charge-offs) recoveries 23 - - 22 17 155 - 38 20 - 101 17 (23 ) 370 Total Allowance for Loan Losses $ 2,127 $ - $ 1,231 $ 2,572 $ 485 $ 449 $ 836 $ 70 $ 821 $ - $ 1,533 $ 439 $ 309 $ 10,872 Commercial and industrial Shared National Credits CRE - owner- occupied CRE - investor income producing AC&D - 1-4 family construction AC&D - lots, land & development AC&D - CRE Other commercial Residential mortgage HELOC Jr. Lien* HELOC Sr. Lien Residential construction Other loans to individuals Total At June 30, 2017 Allowance for Loan Losses: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 222 $ - $ 20 $ - $ 242 Collectively evaluated for impairment 2,573 556 1,354 2,948 679 480 1,167 92 1,011 544 577 326 153 12,460 2,573 556 1,354 2,948 679 480 1,167 92 1,011 766 577 346 153 12,702 Purchased credit-impaired - - - - - - - - - - - - - - Total $ 2,573 $ 556 $ 1,354 $ 2,948 $ 679 $ 480 $ 1,167 $ 92 $ 1,011 $ 766 $ 577 $ 346 $ 153 $ 12,702 Recorded Investment in Loans: Individually evaluated for impairment $ 460 $ - $ 434 $ 1,874 $ - $ 564 $ - $ 210 $ 2,161 $ 2,473 $ - $ 221 $ - $ 8,398 Collectively evaluated for impairment 451,708 96 348,613 770,802 95,236 84,754 150,170 13,568 262,985 86,681 83,620 50,346 16,798 2,415,376 452,168 96 349,047 772,676 95,236 85,318 150,170 13,778 265,146 89,154 83,620 50,567 16,798 2,423,774 Purchased credit-impaired 2,688 - 12,166 29,022 - 7,443 - 1,934 18,765 1,066 - 1,655 335 75,074 Total $ 454,856 $ 96 $ 361,213 $ 801,698 $ 95,236 $ 92,761 $ 150,170 $ 15,712 $ 283,911 $ 90,220 $ 83,620 $ 52,222 $ 17,133 $ 2,498,848 At December 31, 2016 Allowance for Loan Losses: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 178 $ 20 $ - $ 198 Collectively evaluated for impairment 2,720 - 1,286 2,583 567 526 1,484 126 841 - 1,213 415 166 11,927 2,720 - 1,286 2,583 567 526 1,484 126 841 - 1,391 435 166 12,125 Purchased credit-impaired - - - - - - - - - - - - - - Total $ 2,720 $ - $ 1,286 $ 2,583 $ 567 $ 526 $ 1,484 $ 126 $ 841 $ - $ 1,391 $ 435 $ 166 $ 12,125 Recorded Investment in Loans: Individually evaluated for impairment $ - $ - $ 1,006 $ 1,951 $ - $ 622 $ - $ 211 $ 2,014 $ - $ 2,392 $ 243 $ - $ 8,439 Collectively evaluated for impairment 383,481 - 351,146 710,456 82,707 96,666 194,732 10,727 237,035 - 173,319 56,347 18,537 2,315,153 383,481 - 352,152 712,407 82,707 97,288 194,732 10,938 239,049 - 175,711 56,590 18,537 2,323,592 Purchased credit-impaired 3,920 - 15,401 30,700 - 8,074 - 1,962 21,472 - 1,088 2,470 368 85,455 Total $ 387,401 $ - $ 367,553 $ 743,107 $ 82,707 $ 105,362 $ 194,732 $ 12,900 $ 260,521 $ - $ 176,799 $ 59,060 $ 18,905 $ 2,409,047 |
Financing Receivable Credit Quality Indicators [Table Text Block] | As of June 30, 2017 Commercial and industrial CRE - owner- occupied CRE - investor income producing AC&D - 1-4 family construction AC&D - lots, land & development AC&D - CRE Other commercial Total Commercial Pass $ 447,136 $ 351,049 $ 794,561 $ 95,236 $ 91,415 $ 150,170 $ 13,655 $ 1,943,222 Special mention 7,094 6,533 3,878 - 938 - 1,731 20,174 Classified 722 3,631 3,259 - 408 - 326 8,346 Total $ 454,952 $ 361,213 $ 801,698 $ 95,236 $ 92,761 $ 150,170 $ 15,712 $ 1,971,742 Residential mortgage HELOC Residential construction Other loans to individuals Total Consumer Pass $ 275,473 $ 165,280 $ 51,887 $ 16,954 $ 509,594 Special mention 5,012 6,247 31 33 11,323 Classified 3,426 2,313 304 146 6,189 Total $ 283,911 $ 173,840 $ 52,222 $ 17,133 $ 527,106 Total Loans $ 2,498,848 As of December 31, 2016 Commercial and industrial CRE - owner- occupied CRE - investor income producing AC&D - 1-4 family construction AC&D - lots, land & development AC&D - CRE Other commercial Total Commercial Pass $ 378,592 $ 356,214 $ 735,698 $ 82,707 $ 102,146 $ 194,732 $ 12,569 $ 1,862,658 Special mention 7,229 7,779 3,276 - 2,727 - - 21,011 Classified 1,580 3,560 4,133 - 489 - 331 10,093 Total $ 387,401 $ 367,553 $ 743,107 $ 82,707 $ 105,362 $ 194,732 $ 12,900 $ 1,893,762 Residential mortgage HELOC Residential construction Other loans to individuals Total Consumer Pass $ 252,934 $ 168,460 $ 58,486 $ 18,711 $ 498,591 Special mention 4,707 5,732 312 14 10,765 Classified 2,880 2,607 262 180 5,929 Total $ 260,521 $ 176,799 $ 59,060 $ 18,905 $ 515,285 Total Loans $ 2,409,047 |
Past Due Financing Receivables [Table Text Block] | 30-59 60-89 Past Due Days Days 90 Days PCI Past Due Past Due or More Loans Current Total Loans As of June 30, 2017 Commercial: Commercial and industrial $ 10 $ - $ 463 $ 2,688 $ 451,791 $ 454,952 CRE - owner-occupied - 373 463 12,166 348,211 361,213 CRE - investor income producing 239 172 408 29,022 771,857 801,698 AC&D - 1-4 family construction - - - - 95,236 95,236 AC&D - lots, land & development - - - 7,443 85,318 92,761 AC&D - CRE - - - - 150,170 150,170 Other commercial - - 211 1,934 13,567 15,712 Total commercial loans 249 545 1,545 53,253 1,916,150 1,971,742 Consumer: Residential mortgage 1 440 2,218 18,765 262,487 283,911 HELOC 442 191 463 1,066 171,678 173,840 Residential construction 23 - 222 1,655 50,322 52,222 Other loans to individuals 25 88 59 335 16,626 17,133 Total consumer loans 491 719 2,962 21,821 501,113 527,106 Total loans $ 740 $ 1,264 $ 4,507 $ 75,074 $ 2,417,263 $ 2,498,848 As of December 31, 2016 Commercial: Commercial and industrial $ 587 $ 7 $ 167 $ 3,920 $ 382,720 $ 387,401 CRE - owner-occupied - - 385 15,401 351,767 367,553 CRE - investor income producing 169 1,391 1,826 30,700 709,021 743,107 AC&D - 1-4 family construction - - - - 82,707 82,707 AC&D - lots, land & development - - - 8,074 97,288 105,362 AC&D - CRE - - - - 194,732 194,732 Other commercial - - 211 1,962 10,727 12,900 Total commercial loans 756 1,398 2,589 60,057 1,828,962 1,893,762 Consumer: Residential mortgage 328 69 2,940 21,472 235,712 260,521 HELOC 80 1,176 886 1,088 173,569 176,799 Residential construction 8 335 509 2,470 55,738 59,060 Other loans to individuals 46 3 24 368 18,464 18,905 Total consumer loans 462 1,583 4,359 25,398 483,483 515,285 Total loans $ 1,218 $ 2,981 $ 6,948 $ 85,455 $ 2,312,445 $ 2,409,047 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | June 30, 2017 December 31, 2016 Unpaid Related Unpaid Related Recorded Principal Allowance For Recorded Principal Allowance For Investment Balance Loan Losses Investment Balance Loan Losses Impaired Loans with No Related Allowance Recorded: Commercial: Commercial and industrial $ 461 $ 463 $ - $ - $ - $ - CRE - owner-occupied 434 436 - 995 1,078 - CRE - investor income producing 1,874 1,883 - 1,481 1,489 - AC&D - 1-4 family construction - - - - - - AC&D - lots, land & development 564 567 - 622 748 - AC&D - CRE - - - - - - Other commercial 210 211 - 211 211 - Total commercial loans 3,543 3,560 - 3,309 3,526 - Consumer: Residential mortgage 2,161 2,171 - 2,052 2,077 - HELOC 1,071 1,075 - 1,183 1,190 - Residential construction - - - - - - Other loans to individuals - - - - - - Total consumer loans 3,232 3,246 - 3,235 3,267 - Total impaired loans with no related allowance recorded $ 6,775 $ 6,806 $ - $ 6,544 $ 6,793 $ - Impaired Loans with an Allowance Recorded: Commercial: Commercial and industrial $ - $ - $ - $ - $ - $ - CRE - owner-occupied - - - - - - CRE - investor income producing - - - 463 463 2 AC&D - 1-4 family construction - - - - - - AC&D - lots, land & development - - - - - - AC&D - CRE - - - - - - Other commercial - - - - - - Total commercial loans - - - 463 463 2 Consumer: Residential mortgage - - - - - - HELOC 1,402 1,409 222 1,224 1,248 176 Residential construction 221 222 20 243 243 20 Other loans to individuals - - - - - - Total consumer loans 1,623 1,631 242 1,467 1,491 196 Total impaired loans with an allowance recorded $ 1,623 $ 1,631 $ 242 $ 1,930 $ 1,954 $ 198 Total Impaired Loans Individually Reviewed for Impairment Commercial: Commercial and industrial $ 461 $ 463 $ - $ - $ - $ - CRE - owner-occupied 434 436 - 995 1,078 - CRE - investor income producing 1,874 1,883 - 1,944 1,952 2 AC&D - 1-4 family construction - - - - - - AC&D - lots, land & development 564 567 - 622 748 - AC&D - CRE - - - - - - Other commercial 210 211 - 211 211 - Total commercial loans 3,543 3,560 - 3,772 3,989 2 Consumer: Residential mortgage 2,161 2,171 - 2,052 2,077 - HELOC 2,473 2,484 222 2,407 2,438 176 Residential construction 221 222 20 243 243 20 Other loans to individuals - - - - - - Total consumer loans 4,855 4,877 242 4,702 4,758 196 Total Impaired Loans Individually Reviewed for Impairment $ 8,398 $ 8,437 $ 242 $ 8,474 $ 8,747 $ 198 |
Impaired Financing Receivables [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Average Interest Average Interest Average Interest Average Interest Recorded Income Recorded Income Recorded Income Recorded Income Investment Recognized Investment Recognized Investment Recognized Investment Recognized Impaired Loans with No Related Allowance Recorded: Commercial: Commercial and industrial $ 463 $ 21 $ 449 $ - $ 232 $ 42 $ 299 $ - CRE - owner-occupied 616 2 1,256 - 805 4 1,259 - CRE - investor income producing 2,000 - 888 6 1,741 - 738 13 AC&D - 1-4 family construction - - - - - - - - AC&D - lots, land & development 580 21 691 9 601 42 701 20 AC&D - CRE - - - - - - - - Other commercial 211 - 211 - 211 - 141 - Total commercial loans 3,870 44 3,495 15 3,590 88 3,138 33 Consumer: Residential mortgage 2,189 6 1,929 5 2,121 13 1,720 10 Home equity lines of credit 1,071 1 78 - 1,127 1 104 - Residential construction - - 121 - - - 160 4 Other loans to individuals - - - - - - - - Total consumer loans 2,725 7 2,128 5 3,248 14 1,984 14 Total impaired loans with no related allowance recorded $ 6,594 $ 51 $ 5,623 $ 20 $ 6,837 $ 102 $ 5,122 $ 47 Impaired Loans with an Allowance Recorded: Commercial: Commercial and industrial $ - $ - $ - $ - $ - $ - $ - $ - CRE - owner-occupied - - - - - - - - CRE - investor income producing - - - - 232 6 - - AC&D - 1-4 family construction - - - - - - - - AC&D - lots, land & development - - - - - 1 - - AC&D - CRE - - - - - - - - Other commercial - - - - - - - - Total commercial loans - - - - 232 7 - - Consumer: Residential mortgage - - 139 - - - 92 - Home equity lines of credit 2,048 14 1,224 10 1,636 25 1,224 19 Residential construction 232 3 121 - 238 7 81 - Other loans to individuals - - - - - - - - Total consumer loans 2,280 17 1,484 10 1,874 32 1,397 19 Total impaired loans with an allowance recorded $ 2,280 $ 17 $ 1,484 $ 10 $ 2,106 $ 39 $ 1,397 $ 19 Total Impaired Loans Individually Reviewed for Impairment Commercial: Commercial and industrial $ 463 $ 21 $ 449 $ - $ 232 $ 42 $ 299 $ - CRE - owner-occupied 616 2 1,256 - 805 4 1,259 - CRE - investor income producing 2,000 - 888 6 1,972 6 738 13 AC&D - 1-4 family construction - - - - - - - - AC&D - lots, land & development 580 21 691 9 601 43 701 20 AC&D - CRE - - - - - - - - Other commercial 211 - 211 - 211 - 141 - Total commercial loans 3,870 44 3,495 15 3,821 95 3,138 33 Consumer: Residential mortgage 2,189 6 2,068 5 2,121 13 1,812 10 Home equity lines of credit 2,583 15 1,302 10 2,763 26 1,328 19 Residential construction 232 3 242 - 238 7 241 4 Other loans to individuals - - - - - - - - Total consumer loans 5,004 24 3,612 15 5,122 46 3,381 33 Total Impaired Loans Individually Reviewed for Impairment $ 8,874 $ 68 $ 7,107 $ 30 $ 8,943 $ 141 $ 6,519 $ 66 Total Impaired Loans Collectively Reviewed for Impairment $ - $ - $ 2,211 $ 3 $ - $ - $ 2,283 $ 10 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | June 30, December 31, 2017 2016 Commercial: Commercial and industrial $ 463 $ 167 CRE - owner-occupied 1,059 1,085 CRE - investor income producing 2,497 2,193 AC&D - lots, land & development 3 33 Other commercial 211 210 Total commercial loans 4,233 3,688 Consumer: Residential mortgage 2,834 2,458 HELOC 1,938 2,312 Residential construction 222 242 Other loans to individuals 146 119 Total consumer loans 5,140 5,131 Total nonaccrual loans $ 9,373 $ 8,819 |
Summary of Changes in Accretable Yield for Purchased Credit Impaired Loans [Table Text Block] | Six Months Ended June 30, 2017 2016 Accretable yield, beginning of period $ 30,959 $ 32,509 Addition from the First Capital acquisition - 1,663 Servicing income (1,318 ) (2,985 ) Accretion to interest income (2,687 ) (2,814 ) Reclassification of nonaccretable difference due to improvement in expected cash flows 2,699 1,515 Other changes, net 616 489 Accretable yield, end of period $ 30,269 $ 30,377 |
Troubled Debt Restructuring Outcomes [Table Text Block] | Three months ended June 30, 2017 Six months ended June 30, 2017 Number of loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Number of loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Extended payment terms - $ - $ - - $ - $ - Total - $ - $ - - $ - $ - Three months ended June 30, 2016 Six months ended June 30, 2016 Number of loans Pre-Modification Outstanding Recorded Investment Post-Modificatio n Outstanding Recorded Investment Number of loans Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Extended payment terms CRE - investor income producing 1 91 91 1 91 91 Total 1 $ 91 $ 91 1 $ 91 $ 91 Twelve Months Ended June 30, 2017 Paid in full Paying as restructured Foreclosure/Default Number of loans Recorded Investment Number of loans Recorded Investment Number of loans Recorded Investment Extended payment terms - $ - 6 $ 2,457 - $ - Total - $ - 6 $ 2,457 - $ - Twelve Months Ended June 30, 2016 Paid in full Paying as restructured Foreclosure/Default Number of loans Recorded Investment Number of loans Recorded Investment Number of loans Recorded Investment Extended payment terms - - 1 91 - - Total - $ - 1 $ 91 - $ - |
Schedule of Related Party Transactions [Table Text Block] | Loans to Directors, Executive Officers and Their Related Interests Six Months Ended Twelve Months Ended June 30, December 31, 2017 2016 Beginning balance $ 15,433 $ 14,404 Disbursements 1,544 2,806 Repayments (1,402 ) (1,777 ) Ending balance $ 15,575 $ 15,433 |
Note 6 - Other Real Estate Ow24
Note 6 - Other Real Estate Owned (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Other Real Estate, Non Covered, Roll Forward [Table Text Block] | Three months ended Six months ended June 30, June 30, Non-Covered OREO 2017 2016 2017 2016 Beginning balance $ 3,167 $ 3,425 $ 2,438 $ 4,211 Additions 322 92 1,433 1,593 Sales (157 ) (503 ) (381 ) (2,666 ) Writedowns (157 ) (92 ) (315 ) (216 ) Ending balance $ 3,175 $ 2,922 $ 3,175 $ 2,922 |
Other Real Estate, Covered, Roll Forward [Table Text Block] | Covered OREO 2017 2016 2017 2016 Beginning balance $ - $ 985 $ - $ 1,240 Additions - - - - Transfers from covered to non-covered - - - - Sales - (562 ) - (782 ) Writedowns - (43 ) - (78 ) Ending balance $ - $ 380 $ - $ 380 |
Note 8 - Per Share Results (Tab
Note 8 - Per Share Results (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Weighted Average Number of Shares [Table Text Block] | Weighted-Average Shares for Earnings Per Share Calculation Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Weighted-average number of common shares outstanding unvested restricted shares 52,821,415 52,394,397 52,761,766 52,340,772 Effect of dilutive stock options and unvested restricted shares 660,431 310,140 696,939 310,114 Weighted-average number of common shares and dilutive potential common shares outstanding 53,481,846 52,704,537 53,458,705 52,650,886 |
Note 10 - Derivative Financia26
Note 10 - Derivative Financial Instruments and Hedging Activities (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Derivative Instruments [Table Text Block] | June 30, 2017 December 31, 2016 Estimated Fair Value Estimated Fair Value Notional Notional Balance Sheet Location Amount Gain Loss Amount Gain Loss Cash flow hedges: Interest rate contracts: Other assets and Pay fixed swaps with counterparty $ 25,000 $ - $ 277 $ 25,000 $ - $ 427 Fair value hedges: Interest rate contracts: Pay fixed rate swaps with counterparty Other liabilities 30,227 - 230 25,151 - 155 Not designated as hedges: Customer-related interest rate contracts: Matched interest rate swaps with borrower Other assets and 247,762 3,255 1,947 203,758 2,283 2,247 Matched interest rate swaps with counterparty Other liabilities 247,762 - 1,664 203,758 - 313 Matched foreign exchange contract with borrower Other assets 2,151 143 - 1,857 7 - Matched foreign exchange contract with counterparty Other liabilities 2,151 - 143 1,857 - 7 499,826 3,398 3,754 411,230 2,290 2,567 Total derivatives $ 555,053 $ 3,398 $ 4,261 $ 461,381 $ 2,290 $ 3,149 |
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block] | Effective Portion Pre-tax gain (loss) Pre-tax gain (loss) reclassified recognized in OCI from AOCI into income For the three months ended For the six months ended Location of For the three months ended For the six months ended June 30, June 30, amounts reclassified June 30, June 30, 2017 2016 2017 2016 from AOCI into Income 2017 2016 2017 2016 Cash flow hedges: Interest rate contracts $ 21 $ (475 ) $ 150 $ (1,700 ) Total interest expense $ 145 $ 88 $ 313 $ 177 Pre-tax gain (loss) recognized in income For the three months ended For the six months ended Location of amounts June 30, June 30, recognized in income 2017 2016 2017 2016 Fair value hedges: Interest rate contracts Pay fixed rate swaps with counterparty Total interest income $ (64 ) $ (80 ) $ (130 ) $ (153 ) Not designated as hedges: Client-related interest rate contracts Other income 594 (143 ) 1,120 $ (288 ) $ 530 $ (223 ) $ 990 $ (441 ) |
Note 11 - Accumulated Other C27
Note 11 - Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | For the Three Months Ended For the Three Months Ended June 30, 2017 June 30, 2016 Before Tax Amount Tax Expense (Benefit) Net of Tax Amount Before Tax Amount Tax Expense (Benefit) Net of Tax Amount Securities available for sale and transferred securities: Change in net unrealized gains during the period $ 1,171 $ 448 $ 723 $ 2,118 $ 838 $ 1,280 Change in net unrealized gain (loss) on securities transferred to held to maturity 65 24 41 26 37 (11 ) Reclassification adjustment for net gains recognized in net income - - - 87 (33 ) 120 Total securities available for sale and transferred securities 1,236 472 764 2,231 842 1,389 Derivatives: Change in the accumulated loss on effective cash flow hedge derivatives 21 93 (72 ) (475 ) (114 ) (361 ) Change in the accumulated loss on terminated cash flow hedge derivatives (52 ) (22 ) (30 ) 93 33 60 Reclassification adjustment for interest payments 145 (52 ) 197 87 (33 ) 120 Total derivatives 114 19 95 (295 ) (114 ) (181 ) Total other comprehensive income $ 1,350 $ 491 $ 859 $ 1,936 $ 728 $ 1,208 For the Six Months Ended For the Six Months Ended June 30, 2017 June 30, 2016 Before Tax Amount Tax Expense (Benefit) Net of Tax Amount Before Tax Amount Tax Expense (Benefit) Net of Tax Amount Securities available for sale and transferred securities: Change in net unrealized gains during the period $ 1,937 $ 639 $ 1,298 $ 6,809 $ 2,504 $ 4,305 Change in net unrealized gain (loss) on securities transferred to held to maturity 127 103 24 52 64 (12 ) Reclassification adjustment for net gains recognized in net income (58 ) - (58 ) 93 33 60 Total securities available for sale and transferred securities 2,006 742 1,264 6,954 2,601 4,353 Derivatives: Change in the accumulated loss on effective cash flow hedge derivatives 150 432 (282 ) (1,700 ) 46 (1,746 ) Change in the accumulated loss on terminated cash flow hedge derivatives (128 ) (22 ) (106 ) 186 (611 ) 797 Reclassification adjustment for interest payments 313 (291 ) 604 177 65 112 Total derivatives 335 119 216 (1,337 ) (500 ) (837 ) Total other comprehensive income $ 2,341 $ 861 $ 1,480 $ 5,617 $ 2,101 $ 3,516 |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Securities Available for Sale Securities Transferred from Available for Sale to Held to Maturity Derivatives Accumulated Other Comprehensive Income (Loss) Balance, January 1, 2017 $ 3,672 $ (751 ) $ (6,203 ) $ (3,282 ) Other comprehensive income (loss) before reclassifications 1,322 - (282 ) 1,040 Amounts reclassified from accumulated other comprehensive loss (58 ) - 604 546 Transfer of securities from available for sale to held to maturity 26 (24 ) (106 ) (104 ) Net other comprehensive income (loss) during the period 1,288 (24 ) 216 1,480 Balance, June 30, 2017 $ 4,962 $ (775 ) $ (5,987 ) $ (1,800 ) Balance, January 1, 2016 $ 564 $ (1,065 ) $ (2,362 ) $ (2,863 ) Other comprehensive income (loss) before reclassifications 4,293 - (1,746 ) 2,547 Amounts reclassified from accumulated other comprehensive loss 60 - 112 172 Transfer of securities from available for sale to held to maturity 12 (12 ) - - Terminated cash flow hedge derivatives - - 797 797 Net other comprehensive income (loss) during the period 4,365 (12 ) (837 ) 3,516 Balance, June 30, 2016 $ 4,929 $ (1,077 ) $ (3,199 ) $ 653 |
Note 12 - Fair Value Measurem28
Note 12 - Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Financial Instruments Carrying Amounts and Estimated Fair Values Fair Value Measurements Carrying Estimated Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs Amount Fair Value (Level 1) (Level 2) (Level 3) June 30, 2017 Financial assets: Cash and cash equivalents $ 91,630 $ 91,630 $ 91,630 $ - $ - Investment securities available-for-sale 403,602 403,602 1,239 401,043 1,320 Investment securities held-to-maturity 87,690 89,446 - 89,446 Nonmarketable equity securities 20,179 20,179 - 20,179 - Loans held for sale 3,102 3,102 - 3,102 - Loans, net of allowance 2,489,418 2,420,128 - 247,762 2,172,366 Accrued interest receivable 6,801 6,801 - 6,801 - Derivative instruments 3,398 3,398 - 3,398 - Financial liabilities: Deposits with no stated maturity 1,845,526 1,845,526 - 1,845,526 - Deposits with stated maturities 691,656 693,297 - 693,297 - Short-term borrowings 345,000 345,000 - 345,000 - Long-term borrowings 29,758 29,758 - 29,758 - Subordinated loan and junior subordinated debt 33,832 33,832 - 33,832 - Accrued interest payable 627 627 - 627 - Derivative instruments 4,261 4,261 - 4,261 - December 31, 2016 Financial assets: Cash and cash equivalents $ 83,614 $ 83,614 $ 83,614 $ - $ - Investment securities available-for-sale 402,501 402,501 1,239 399,942 1,320 Investment securities held-to-maturity 91,752 92,828 - 92,828 - Nonmarketable equity securities 17,501 17,501 - 17,501 - Loans held for sale 7,996 7,996 - 7,996 - Loans, net of allowance 2,400,061 2,321,390 - 27,941 2,293,449 Accrued interest receivable 6,799 6,799 - 6,799 - Derivative instruments 2,290 2,290 - 2,290 - Financial liabilities: Deposits with no stated maturity 1,772,680 1,772,680 - 1,772,680 - Deposits with stated maturities 741,072 744,062 - 744,062 - Short-term borrowings 285,000 285,000 285,000 - Long-term borrowings 29,736 29,736 - 29,736 - Subordinated loan and junior subordinated debt 33,501 33,501 33,501 - Accrued interest payable 541 541 - 541 - Derivative instruments 3,149 3,149 - 3,149 - |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Fair Value on a Recurring Basis Quoted Prices in Significant Significant Active Markets for Other Unobservable Identical Assets Observable Inputs Inputs Assets/Liabilities Description (Level 1) (Level 2) (Level 3) at Fair Value June 30, 2017 Municipal securities $ - $ 13,234 $ - $ 13,234 Residential agency pass-through securities - 141,996 - 141,996 Residential collateralized mortgage obligations - 162,045 - 162,045 Commercial mortgage-backed obligations - 15,510 - 15,510 Asset-backed securities - 68,248 - 68,248 Corporate and other securities - 10 1,320 1,330 All other equity securities 1,239 - - 1,239 Fair value loans - 247,762 - 247,762 Derivative assets - 3,398 - 3,398 Derivative liabilities - (4,261 ) - (4,261 ) December 31, 2016 Municipal securities - 13,319 - 13,319 Residential agency pass-through securities - 192,765 - 192,765 Residential collateralized mortgage obligations - 94,410 - 94,410 Commercial mortgage-backed obligations - 15,497 - 15,497 Asset-backed securities - 83,951 - 83,951 Corporate and other securities - - 1,320 1,320 All other equity securities 1,239 - - 1,239 Fair value loans - 27,941 - 27,941 Derivative assets - 2,290 2,290 Derivative liabilities - (3,149 ) - (3,149 ) |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | Securities Available for Sale (in thousands) Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Fair value, beginning of the period $ 1,320 $ 1,360 $ 1,320 $ 1,500 Change in unrealized gain recognized in other comprehensive income - - - (140 ) Fair value, end of the period $ 1,320 $ 1,360 $ 1,320 $ 1,360 |
Fair Value Measurements, Nonrecurring [Table Text Block] | Fair Value on a Nonrecurring Basis Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets/ Assets Inputs Inputs (Liabilities) Description (Level 1) (Level 2) (Level 3) at Fair Value June 30, 2017 OREO $ - $ - $ 3,175 $ 3,175 Impaired loans: Commercial and industrial - - 460 460 CRE - owner-occupied - - 434 434 CRE - investor income producing - - 1,874 1,874 AC&D - lots, land & development - - 564 564 Other commercial - - 210 210 Residential mortgage - - 2,161 2,161 HELOC - - 2,473 2,473 Residential construction - - 221 221 December 31, 2016 OREO $ - $ - $ 3,332 $ 3,332 Impaired loans: CRE - owner-occupied - - 1,078 1,078 CRE - investor income producing - - 353 353 AC&D - lots, land, & development - - 748 748 Other commercial - - 211 211 Residential mortgage - - 2,077 2,077 HELOC - - 2,438 2,438 Residential construction - - 243 243 |
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | Weighted Fair Value Valuation Methodology Unobservable Inputs Range of Inputs Average Discount OREO $ 3,175 Appraisals Discount to reflect current 0% - 30% 5.22 % market conditions Impaired loans 8,397 Collateral based Discount to reflect current 0% - 60% 7.39 % measurements market conditions and ultimate collectability $ 11,572 |
Note 13 - Shareholders' Equity
Note 13 - Shareholders' Equity (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Share-based Compensation, Stock Options, Activity [Table Text Block] | For the Six Months Ended June 30, 2017 Outstanding Options Nonvested Restricted Shares Weighted Weighted Weighted Average Average Average Aggregate Number Exercise Contractual Intrinsic Number Grant Date Intrinsic Outstanding Price Term (Years) Value Outstanding Fair Value Value At December 31, 2016 1,405,515 $ 7.25 3.18 $ 5,412,428 405,732 $ 5.02 $ 4,377,846 Restricted shares granted - - - 164,994 12.01 Options exercised (136,056 ) 5.80 - - - Restricted shares vested - - - (184,103 ) 6.93 Expired and forfeited - - - (11,567 ) 9.22 At June 30, 2017 1,269,459 $ 7.40 2.76 $ 5,942,119 375,056 $ 9.21 $ 4,447,787 Exercisable at June 30, 2017 1,269,459 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation (Details Textual) | Apr. 26, 2017$ / shares | Jun. 30, 2017$ / shares | Dec. 31, 2016$ / shares |
Common Stock, Par or Stated Value Per Share | $ 1 | $ 1 | $ 1 |
South State Corporation [Member] | |||
Common Stock, Par or Stated Value Per Share | $ 2.50 | ||
South State Corporation [Member] | |||
Merger Agreement, Common Stock Exchange Ratio | 0.14 |
Note 2 - Recent Accounting Pr31
Note 2 - Recent Accounting Pronouncements (Details Textual) $ in Thousands | 3 Months Ended |
Dec. 31, 2016USD ($) | |
Reclassification from APIC to Excess Tax Benefits [Member] | Accounting Standards Update 2016-09 [Member] | |
Current Period Reclassification Adjustment | $ 798 |
Note 3 - Business Combination32
Note 3 - Business Combinations and Goodwill (Details Textual) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions | Jan. 01, 2016 | Jun. 30, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Goodwill | $ 63,317 | $ 63,317 | ||
First Capital Bancorp [Member] | ||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 8.4 | |||
Payments to Acquire Businesses, Gross | $ 25,700 | |||
Business Acquisition, Share Price | $ 7.32 | |||
Business Combination, Consideration Transferred | 87,100 | |||
Goodwill | $ 34,100 |
Note 4 - Investment Securitie33
Note 4 - Investment Securities (Details Textual) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | Jun. 30, 2014USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | Dec. 31, 2016USD ($) | |
Available-for-sale Securities, Amortized Cost Basis | $ 403,703,000 | $ 403,703,000 | $ 404,482,000 | |||
Held-to-maturity Securities | 87,690,000 | 87,690,000 | $ 91,752,000 | |||
Securities Available-for-sale Transferred to Held-to-maturity | 0 | |||||
Other Comprehensive Income, Reclassification Adjustment, Available-for-sale Securities Transferred to Held-to-maturity, Before Tax | 65,000 | $ 26,000 | 127,000 | $ 52,000 | ||
Proceeds from Sale of Available-for-sale Securities | $ 0 | 24,300,000 | 51,629,000 | 124,381,000 | ||
Available-for-sale Securities, Gross Realized Losses | $ 87,000,000 | 187,000,000 | ||||
Available-for-sale Securities, Gross Realized Gains | $ 58,000,000 | $ 94,000,000 | ||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 2 | 2 | 6 | |||
Securities Owned Not Readily Marketable | $ 20,179,000 | $ 20,179,000 | $ 17,501,000 | |||
Federal Home Loan Bank Stock | 17,600,000 | 17,600,000 | 14,900,000 | |||
Available-for-sale Securities Pledged as Collateral | 139,200,000 | 139,200,000 | 152,200,000 | |||
Aggregate Cost [Member] | ||||||
Securities Owned Not Readily Marketable | 20,200,000 | 20,200,000 | 17,500,000 | |||
Commercial Mortgage Backed Securities [Member] | ||||||
Available-for-sale Securities, Amortized Cost Basis | 15,771,000 | 15,771,000 | 15,912,000 | |||
Held-to-maturity Securities | 46,410,000 | 46,410,000 | 46,851,000 | |||
Securities Available-for-sale Transferred to Held-to-maturity | $ 58,500,000 | |||||
Available-for-sale Securities, Accumulated Gross Unrealized Gain (Loss), before Tax | 2,200,000 | |||||
Unrealized Loss On Securities, Net of Tax | $ 1,500,000 | |||||
Other Comprehensive Income, Reclassification Adjustment, Available-for-sale Securities Transferred to Held-to-maturity, Before Tax | 1,200,000 | 1,300,000 | ||||
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment | 54,000,000 | 54,000,000 | ||||
Delegated Underwriting and Servicing (DUS) [Member] | ||||||
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | 56,200,000 | 56,200,000 | 56,700,000 | |||
Private-Label Securities Collateralized by Commercial Properties [Member] | ||||||
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | 6,000,000 | 6,000,000 | 6,000,000 | |||
Asset-backed Securities [Member] | ||||||
Available-for-sale Securities, Amortized Cost Basis | 68,733,000 | 68,733,000 | 84,955,000 | |||
Held-to-maturity Securities | 3,481,000 | 3,481,000 | 4,108,000 | |||
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment | 3,500,000 | 3,500,000 | 4,100,000 | |||
Asset-backed Securities [Member] | Collateralized Debt Obligations [Member] | ||||||
Available-for-sale Securities, Amortized Cost Basis | $ 18,900,000 | $ 18,900,000 | $ 33,900,000 |
Note 4 - Investment Securitie34
Note 4 - Investment Securities - Amortized Cost and Fair Value of Investment Portfolio (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Securities available-for-sale: | ||
Total securities available-for-sale, amortized cost | $ 403,703 | $ 404,482 |
Securities available-for-sale - Gross unrealized gains | 2,622 | 2,359 |
Securities available-for-sale - Gross unrealized losses | (2,723) | (4,340) |
Securities available-for-sale - Fair value | 403,602 | 402,501 |
Securities held-to-maturity: | ||
Securities held-to-maturity - Amortized cost | 87,690 | 91,752 |
Securities held-to-maturity - Gross unrealized gains | 1,786 | 1,150 |
Securities held-to-maturity - Gross unrealized losses | (30) | (74) |
Securities held-to-maturity - Fair value | 89,446 | 92,828 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available-for-sale: | ||
Total securities available-for-sale, amortized cost | 12,736 | 12,731 |
Securities available-for-sale - Gross unrealized gains | 498 | 588 |
Securities available-for-sale - Gross unrealized losses | 0 | 0 |
Securities available-for-sale - Fair value | 13,234 | 13,319 |
Residential Agency Pass-Through Securities [Member] | ||
Securities available-for-sale: | ||
Total securities available-for-sale, amortized cost | 142,558 | 194,175 |
Securities available-for-sale - Gross unrealized gains | 791 | 945 |
Securities available-for-sale - Gross unrealized losses | (1,353) | (2,355) |
Securities available-for-sale - Fair value | 141,996 | 192,765 |
Securities held-to-maturity: | ||
Securities held-to-maturity - Amortized cost | 31,380 | 34,063 |
Securities held-to-maturity - Gross unrealized gains | 678 | 537 |
Securities held-to-maturity - Gross unrealized losses | (30) | (47) |
Securities held-to-maturity - Fair value | 32,028 | 34,553 |
Collateralized Mortgage Obligations [Member] | ||
Securities available-for-sale: | ||
Total securities available-for-sale, amortized cost | 161,168 | 93,980 |
Securities available-for-sale - Gross unrealized gains | 984 | 615 |
Securities available-for-sale - Gross unrealized losses | (107) | (185) |
Securities available-for-sale - Fair value | 162,045 | 94,410 |
Securities held-to-maturity: | ||
Securities held-to-maturity - Amortized cost | 6,419 | 6,730 |
Securities held-to-maturity - Gross unrealized gains | 110 | 87 |
Securities held-to-maturity - Gross unrealized losses | 0 | 0 |
Securities held-to-maturity - Fair value | 6,529 | 6,817 |
Commercial Mortgage Backed Securities [Member] | ||
Securities available-for-sale: | ||
Total securities available-for-sale, amortized cost | 15,771 | 15,912 |
Securities available-for-sale - Gross unrealized gains | ||
Securities available-for-sale - Gross unrealized losses | (261) | (415) |
Securities available-for-sale - Fair value | 15,510 | 15,497 |
Securities held-to-maturity: | ||
Securities held-to-maturity - Amortized cost | 46,410 | 46,851 |
Securities held-to-maturity - Gross unrealized gains | 957 | 526 |
Securities held-to-maturity - Gross unrealized losses | 0 | |
Securities held-to-maturity - Fair value | 47,367 | 47,377 |
Asset-backed Securities [Member] | ||
Securities available-for-sale: | ||
Total securities available-for-sale, amortized cost | 68,733 | 84,955 |
Securities available-for-sale - Gross unrealized gains | 349 | 211 |
Securities available-for-sale - Gross unrealized losses | (834) | (1,215) |
Securities available-for-sale - Fair value | 68,248 | 83,951 |
Securities held-to-maturity: | ||
Securities held-to-maturity - Amortized cost | 3,481 | 4,108 |
Securities held-to-maturity - Gross unrealized gains | 41 | 0 |
Securities held-to-maturity - Gross unrealized losses | (27) | |
Securities held-to-maturity - Fair value | 3,522 | 4,081 |
Corporate Debt Securities [Member] | ||
Securities available-for-sale: | ||
Total securities available-for-sale, amortized cost | 1,487 | 1,479 |
Securities available-for-sale - Gross unrealized gains | 0 | 0 |
Securities available-for-sale - Gross unrealized losses | (157) | (159) |
Securities available-for-sale - Fair value | 1,330 | 1,320 |
Equity Securities [Member] | ||
Securities available-for-sale: | ||
Total securities available-for-sale, amortized cost | 1,250 | 1,250 |
Securities available-for-sale - Gross unrealized gains | 0 | |
Securities available-for-sale - Gross unrealized losses | (11) | (11) |
Securities available-for-sale - Fair value | $ 1,239 | $ 1,239 |
Note 4 - Investment Securitie35
Note 4 - Investment Securities - Maturities of Investment Portfolio (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Securities available-for-sale: | ||
Total securities available-for-sale, amortized cost | $ 403,703 | $ 404,482 |
Total securities available-for-sale, fair value | 403,602 | 402,501 |
Securities held-to-maturity: | ||
Securities held-to-maturity - Amortized cost | 87,690 | 91,752 |
Securities held-to-maturity - Fair value | 89,446 | 92,828 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available-for-sale: | ||
Due after one year through five years, available-for-sale, amortized cost | 3,311 | |
Due after one year through five years, available-for-sale, fair value | 3,371 | |
Due after five years through ten years, available-for-sale, amortized cost | 2,508 | |
Due after five years through ten years, available-for-sale, fair value | 2,635 | |
Due after ten years, available-for-sale, amortized cost | 6,917 | |
Due after ten years, available-for-sale, fair value | 7,228 | |
Total securities available-for-sale, amortized cost | 12,736 | 12,731 |
Total securities available-for-sale, fair value | 13,234 | 13,319 |
Residential Agency Pass-Through Securities [Member] | ||
Securities available-for-sale: | ||
Due after five years through ten years, available-for-sale, amortized cost | 5,802 | |
Due after five years through ten years, available-for-sale, fair value | 6,051 | |
Due after ten years, available-for-sale, amortized cost | 136,756 | |
Due after ten years, available-for-sale, fair value | 135,945 | |
Total securities available-for-sale, amortized cost | 142,558 | 194,175 |
Total securities available-for-sale, fair value | 141,996 | 192,765 |
Securities held-to-maturity: | ||
Due after ten years, held-to-maturity, amortized cost | 31,380 | |
Due after ten years, held-to-maturity, fair value | 32,028 | |
Securities held-to-maturity - Amortized cost | 31,380 | 34,063 |
Securities held-to-maturity - Fair value | 32,028 | 34,553 |
Collateralized Mortgage Obligations [Member] | ||
Securities available-for-sale: | ||
Due after five years through ten years, available-for-sale, amortized cost | 13,886 | |
Due after five years through ten years, available-for-sale, fair value | 13,945 | |
Due after ten years, available-for-sale, amortized cost | 147,282 | |
Due after ten years, available-for-sale, fair value | 148,100 | |
Total securities available-for-sale, amortized cost | 161,168 | 93,980 |
Total securities available-for-sale, fair value | 162,045 | 94,410 |
Securities held-to-maturity: | ||
Securities held-to-maturity - Amortized cost | 6,419 | 6,730 |
Securities held-to-maturity - Fair value | 6,529 | 6,817 |
Commercial Mortgage Backed Securities [Member] | ||
Due after one year through five years, held-to-maturity, amortized cost | 18,275 | |
Due after one year through five years, held-to-maturity, fair value | 18,631 | |
Due after five years through ten years, held-to-maturity, amortized cost | 28,135 | |
Due after five years through ten years, held-to-maturity, fair value | 28,736 | |
Securities available-for-sale: | ||
Due after one year through five years, available-for-sale, amortized cost | 15,771 | |
Due after one year through five years, available-for-sale, fair value | 15,510 | |
Total securities available-for-sale, amortized cost | 15,771 | 15,912 |
Total securities available-for-sale, fair value | 15,510 | 15,497 |
Securities held-to-maturity: | ||
Securities held-to-maturity - Amortized cost | 46,410 | 46,851 |
Securities held-to-maturity - Fair value | 47,367 | 47,377 |
Asset-backed Securities [Member] | ||
Securities available-for-sale: | ||
Due after five years through ten years, available-for-sale, amortized cost | 51,489 | |
Due after five years through ten years, available-for-sale, fair value | 51,359 | |
Due after ten years, available-for-sale, amortized cost | 17,244 | |
Due after ten years, available-for-sale, fair value | 16,889 | |
Total securities available-for-sale, amortized cost | 68,733 | 84,955 |
Total securities available-for-sale, fair value | 68,248 | 83,951 |
Securities held-to-maturity: | ||
Due after ten years, held-to-maturity, amortized cost | 3,481 | |
Due after ten years, held-to-maturity, fair value | 3,522 | |
Securities held-to-maturity - Amortized cost | 3,481 | 4,108 |
Securities held-to-maturity - Fair value | 3,522 | 4,081 |
Corporate Debt Securities [Member] | ||
Securities available-for-sale: | ||
Due after ten years, available-for-sale, amortized cost | 1,487 | |
Due after ten years, available-for-sale, fair value | 1,330 | |
Total securities available-for-sale, amortized cost | 1,487 | 1,479 |
Total securities available-for-sale, fair value | 1,330 | 1,320 |
Equity Securities [Member] | ||
Securities available-for-sale: | ||
No maturity, available-for-sale, amortized cost | 1,250 | |
No maturity, available-for-sale, fair value | 1,239 | |
Total securities available-for-sale, amortized cost | 1,250 | 1,250 |
Total securities available-for-sale, fair value | 1,239 | $ 1,239 |
Residential Mortgage Backed Securities [Member] | ||
Securities held-to-maturity: | ||
Due after ten years, held-to-maturity, amortized cost | 6,419 | |
Due after ten years, held-to-maturity, fair value | $ 6,529 |
Note 4 - Investment Securitie36
Note 4 - Investment Securities - Investment Portfolio Gross Unrealized Losses and Fair Value (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Securities available-for-sale: | ||
Securities held-to-maturity unrealized loss less than 12 months fair value | $ (30) | $ (27) |
Securities held-to-maturity unrealized loss 12 months or more fair value | 0 | 3,830 |
Securities held-to-maturity unrealized loss 12 months or more unrealized losses | (47) | |
Securities held-to-maturity unrealized loss fair value | 3,463 | 7,911 |
Securities held-to-maturity unrealized loss unrealized losses | (30) | (74) |
Securities available-for-sale unrealized loss less than 12 months fair value | 166,334 | 23,539 |
Securities available-for-sale unrealized loss less than 12 months unrealized losses | (2,350) | (385) |
Securities available-for-sale unrealized loss 12 months or more fair value | 4,090 | 223,806 |
Securities available-for-sale unrealized loss 12 months or more unrealized losses | (373) | (3,955) |
Securities available-for-sale unrealized loss fair value | 170,424 | 247,345 |
Securities available-for-sale unrealized loss unrealized losses | (2,723) | (4,340) |
Securities held-to-maturity: | ||
Securities held-to-maturity unrealized loss less than 12 months fair value | 3,463 | 4,081 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available-for-sale: | ||
Securities available-for-sale unrealized loss less than 12 months fair value | 0 | |
Securities available-for-sale unrealized loss less than 12 months unrealized losses | 0 | |
Securities available-for-sale unrealized loss 12 months or more fair value | 0 | |
Securities available-for-sale unrealized loss 12 months or more unrealized losses | 0 | |
Securities available-for-sale unrealized loss fair value | 0 | |
Securities available-for-sale unrealized loss unrealized losses | 0 | |
Residential Agency Pass-Through Securities [Member] | ||
Securities available-for-sale: | ||
Securities available-for-sale unrealized loss less than 12 months fair value | 0 | 0 |
Securities available-for-sale unrealized loss less than 12 months unrealized losses | 0 | 0 |
Securities available-for-sale unrealized loss 12 months or more fair value | 0 | 138,759 |
Securities available-for-sale unrealized loss 12 months or more unrealized losses | (2,355) | |
Securities available-for-sale unrealized loss fair value | 0 | 138,759 |
Securities available-for-sale unrealized loss unrealized losses | 0 | (2,355) |
Collateralized Debt Obligations [Member] | ||
Securities available-for-sale: | ||
Securities held-to-maturity unrealized loss less than 12 months fair value | 0 | |
Securities held-to-maturity unrealized loss 12 months or more fair value | 3,830 | |
Securities held-to-maturity unrealized loss 12 months or more unrealized losses | (47) | |
Securities held-to-maturity unrealized loss fair value | 3,830 | |
Securities held-to-maturity unrealized loss unrealized losses | (47) | |
Securities available-for-sale unrealized loss less than 12 months fair value | 34,479 | 0 |
Securities available-for-sale unrealized loss less than 12 months unrealized losses | (107) | 0 |
Securities available-for-sale unrealized loss 12 months or more fair value | 2,760 | 30,650 |
Securities available-for-sale unrealized loss 12 months or more unrealized losses | (205) | (185) |
Securities available-for-sale unrealized loss fair value | 37,239 | 30,650 |
Securities available-for-sale unrealized loss unrealized losses | (312) | (185) |
Securities held-to-maturity: | ||
Securities held-to-maturity unrealized loss less than 12 months fair value | 0 | |
Commercial Mortgage Backed Securities [Member] | ||
Securities available-for-sale: | ||
Securities held-to-maturity unrealized loss less than 12 months fair value | (30) | |
Securities held-to-maturity unrealized loss 12 months or more fair value | 0 | 0 |
Securities held-to-maturity unrealized loss 12 months or more unrealized losses | ||
Securities held-to-maturity unrealized loss fair value | 3,463 | |
Securities held-to-maturity unrealized loss unrealized losses | (30) | |
Securities available-for-sale unrealized loss less than 12 months fair value | 105,180 | 0 |
Securities available-for-sale unrealized loss less than 12 months unrealized losses | (1,614) | 0 |
Securities available-for-sale unrealized loss 12 months or more fair value | 0 | 15,497 |
Securities available-for-sale unrealized loss 12 months or more unrealized losses | (415) | |
Securities available-for-sale unrealized loss fair value | 105,180 | 15,497 |
Securities available-for-sale unrealized loss unrealized losses | (1,614) | (415) |
Securities held-to-maturity: | ||
Securities held-to-maturity unrealized loss less than 12 months fair value | 3,463 | 0 |
Asset-backed Securities [Member] | ||
Securities available-for-sale: | ||
Securities held-to-maturity unrealized loss less than 12 months fair value | (27) | |
Securities held-to-maturity unrealized loss 12 months or more fair value | 0 | |
Securities held-to-maturity unrealized loss 12 months or more unrealized losses | ||
Securities held-to-maturity unrealized loss fair value | 4,081 | |
Securities held-to-maturity unrealized loss unrealized losses | (27) | |
Securities available-for-sale unrealized loss less than 12 months fair value | 26,675 | 23,539 |
Securities available-for-sale unrealized loss less than 12 months unrealized losses | (629) | (385) |
Securities available-for-sale unrealized loss 12 months or more fair value | 0 | 37,580 |
Securities available-for-sale unrealized loss 12 months or more unrealized losses | (830) | |
Securities available-for-sale unrealized loss fair value | 26,675 | 61,119 |
Securities available-for-sale unrealized loss unrealized losses | (629) | (1,215) |
Securities held-to-maturity: | ||
Securities held-to-maturity unrealized loss less than 12 months fair value | 4,081 | |
Equity Securities [Member] | ||
Securities available-for-sale: | ||
Securities available-for-sale unrealized loss less than 12 months fair value | 0 | 0 |
Securities available-for-sale unrealized loss less than 12 months unrealized losses | 0 | 0 |
Securities available-for-sale unrealized loss 12 months or more fair value | 1,330 | 1,320 |
Securities available-for-sale unrealized loss 12 months or more unrealized losses | (168) | (170) |
Securities available-for-sale unrealized loss fair value | 1,330 | 1,320 |
Securities available-for-sale unrealized loss unrealized losses | $ (168) | $ (170) |
Note 5 - Loans and Allowance 37
Note 5 - Loans and Allowance for Loan Losses (Details Textual) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | Dec. 31, 2016USD ($) | |
Loans and Leases Receivable, Allowance | $ 12,702 | $ 12,702 | $ 12,125 | ||
Qualitative Reserve Other Adjustment Rate | 0.05% | 0.05% | |||
Qualitative Reserve, Maximum Positive Factor | 1.00% | 1.00% | |||
Qualitative Reserve, Maximum Negative Factor | 1.00% | 1.00% | |||
Percentage of Total Assets | 2.30% | 2.30% | 2.60% | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 9,373 | $ 9,373 | $ 8,819 | ||
Impaired Financing Receivable, Related Allowance | $ 242 | $ 242 | 198 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 1 | 0 | 1 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | |||
Line of Credit Facility Remaining Borrowing Capacity Related Parties | $ 1,200 | $ 1,200 | 716 | ||
Related Party Deposit Liabilities | 12,000 | 12,000 | 9,600 | ||
Financing Receivable, Recorded Investment, Current | 2,417,263 | 2,417,263 | 2,312,445 | ||
Increase (Decrease) in Loans Held-for-sale | 21,600 | $ 26,000 | 53,000 | $ 43,600 | |
Loans Pledged as Collateral | 979,000 | 979,000 | 1,000,000 | ||
Financing Receivable, Allowance for Credit Losses | 12,702 | 12,702 | 12,125 | ||
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | 125 | 125 | 125 | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | $ 133 | $ 133 | 1,200 | ||
Extended Maturity [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | |||
Commercial Portfolio Segment [Member] | |||||
Impaired Financing Receivable, Recorded Investment | $ 3,543 | $ 3,543 | 3,772 | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 4,233 | 4,233 | 3,688 | ||
Impaired Financing Receivable, Related Allowance | 0 | 0 | 2 | ||
Financing Receivable, Recorded Investment, Current | 1,916,150 | 1,916,150 | 1,828,962 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 44 | 15 | 95 | 33 | |
Impaired Financing Receivable, Unpaid Principal Balance | 3,560 | $ 3,560 | 3,989 | ||
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 1 | ||||
Commercial Portfolio Segment [Member] | Extended Maturity [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 6 | ||||
Consumer Portfolio Segment [Member] | |||||
Impaired Financing Receivable, Recorded Investment | 4,855 | $ 4,855 | 4,702 | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 5,140 | 5,140 | 5,131 | ||
Impaired Financing Receivable, Related Allowance | 242 | 242 | 196 | ||
Financing Receivable, Recorded Investment, Current | 501,113 | 501,113 | 483,483 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 24 | 15 | 46 | 33 | |
Impaired Financing Receivable, Unpaid Principal Balance | 4,877 | $ 4,877 | 4,758 | ||
Consumer Portfolio Segment [Member] | Extended Maturity [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 3 | ||||
Receivables Acquired with Deteriorated Credit Quality [Member] | |||||
Financing Receivable, Allowance for Credit Losses | 0 | $ 0 | 0 | ||
Purchased Credit Impaired Loans [Member] | |||||
Impaired Financing Receivable, Recorded Investment | 75,100 | 75,100 | 85,500 | ||
Impaired Financing Receivable, Unpaid Principal Balance | $ 94,600 | $ 94,600 | 109,800 | ||
Minimum [Member] | |||||
Qualitative Reserve Applicable Rate | 0.00% | 0.00% | |||
Maximum [Member] | |||||
Qualitative Reserve Applicable Rate | 0.15% | 0.15% | |||
Performing Financial Instruments [Member] | |||||
Loans and Leases Receivable, Allowance | $ 272 | $ 272 | 257 | ||
Loans Receivable, Fair Value Disclosure | 2,600 | 2,600 | 3,400 | ||
Performing Financial Instruments [Member] | First Capital Bancorp [Member] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable | 1,700 | 1,700 | |||
Geographic Distribution, Foreign [Member] | |||||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | 0 | ||
Servicing For Other Facility [Member] | |||||
Financing Receivable, Recorded Investment, Current | 2,300 | 2,300 | 2,300 | ||
Accruing TDRs [Member] | |||||
Impaired Financing Receivable, Interest Income, Accrual Method | 26 | $ 33 | 52 | $ 76 | |
Troubled Debt Restructurings [Member] | |||||
Financing Receivable, Modifications, Recorded Investment | 2,500 | 2,500 | 2,900 | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 83 | 83 | 374 | ||
Impaired Financing Receivable, Related Allowance | 242 | $ 242 | $ 198 | ||
Financing Receivable, Modifications, Number of Contracts | 9 | 11 | |||
Loans Sold to Other Financial Institutions [Member] | |||||
Loans Receivable, Net | $ 27,500 | $ 27,500 | $ 20,200 |
Note 5 - Loans and Allowance 38
Note 5 - Loans and Allowance for Loan Losses - Loan Portfolio (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Financing Receivable | $ 2,498,848 | $ 2,409,047 | $ 2,409,047 |
Deferred costs | 3,272 | 3,139 | |
Loans | 2,502,120 | 2,412,186 | |
Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 75,074 | 85,455 | |
Deferred costs | 0 | 0 | |
Loans | 75,074 | 85,455 | |
Excluding Purchased Credit-Impaired Loans [Member] | |||
Financing Receivable | 2,423,774 | 2,323,592 | |
Deferred costs | 3,272 | 3,139 | |
Loans | 2,427,046 | 2,326,731 | |
Commercial Portfolio Segment [Member] | |||
Financing Receivable | 1,971,742 | 1,893,762 | |
Commercial Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 53,253 | 60,057 | |
Commercial Portfolio Segment [Member] | Excluding Purchased Credit-Impaired Loans [Member] | |||
Financing Receivable | 1,918,489 | 1,833,705 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||
Financing Receivable | 454,952 | 387,401 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 2,688 | 3,920 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Excluding Purchased Credit-Impaired Loans [Member] | |||
Financing Receivable | 452,264 | 383,481 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | |||
Financing Receivable | 361,213 | 367,553 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 12,166 | 15,401 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | Excluding Purchased Credit-Impaired Loans [Member] | |||
Financing Receivable | 349,047 | 352,152 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate Investor Income Producing [Member] | |||
Financing Receivable | 801,698 | 743,107 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate Investor Income Producing [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 29,022 | 30,700 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate Investor Income Producing [Member] | Excluding Purchased Credit-Impaired Loans [Member] | |||
Financing Receivable | 772,676 | 712,407 | |
Commercial Portfolio Segment [Member] | AC&D - 1 - 4 Family Construction [Member] | |||
Financing Receivable | 95,236 | 82,707 | |
Commercial Portfolio Segment [Member] | AC&D - 1 - 4 Family Construction [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 0 | 0 | |
Commercial Portfolio Segment [Member] | AC&D - 1 - 4 Family Construction [Member] | Excluding Purchased Credit-Impaired Loans [Member] | |||
Financing Receivable | 95,236 | 82,707 | |
Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | |||
Financing Receivable | 92,761 | 105,362 | |
Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 7,443 | 8,074 | |
Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | Excluding Purchased Credit-Impaired Loans [Member] | |||
Financing Receivable | 85,318 | 97,288 | |
Commercial Portfolio Segment [Member] | AC&D - CRE [Member] | |||
Financing Receivable | 150,170 | 194,732 | |
Commercial Portfolio Segment [Member] | AC&D - CRE [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 0 | 0 | |
Commercial Portfolio Segment [Member] | AC&D - CRE [Member] | Excluding Purchased Credit-Impaired Loans [Member] | |||
Financing Receivable | 150,170 | 194,732 | |
Commercial Portfolio Segment [Member] | Other Commercial [Member] | |||
Financing Receivable | 15,712 | 12,900 | |
Commercial Portfolio Segment [Member] | Other Commercial [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 1,934 | 1,962 | |
Commercial Portfolio Segment [Member] | Other Commercial [Member] | Excluding Purchased Credit-Impaired Loans [Member] | |||
Financing Receivable | 13,778 | 10,938 | |
Consumer Portfolio Segment [Member] | |||
Financing Receivable | 527,106 | 515,285 | |
Consumer Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 21,821 | 25,398 | |
Consumer Portfolio Segment [Member] | Excluding Purchased Credit-Impaired Loans [Member] | |||
Financing Receivable | 505,285 | 489,887 | |
Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | |||
Financing Receivable | 283,911 | 260,521 | |
Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 18,765 | 21,472 | |
Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | Excluding Purchased Credit-Impaired Loans [Member] | |||
Financing Receivable | 265,146 | 239,049 | |
Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | |||
Financing Receivable | 173,840 | 176,799 | |
Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 1,066 | 1,088 | |
Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | Excluding Purchased Credit-Impaired Loans [Member] | |||
Financing Receivable | 172,774 | 175,711 | |
Consumer Portfolio Segment [Member] | Residential Construction [Member] | |||
Financing Receivable | 52,222 | 59,060 | |
Consumer Portfolio Segment [Member] | Residential Construction [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 1,655 | 2,470 | |
Consumer Portfolio Segment [Member] | Residential Construction [Member] | Excluding Purchased Credit-Impaired Loans [Member] | |||
Financing Receivable | 50,567 | 56,590 | |
Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | |||
Financing Receivable | 17,133 | 18,905 | |
Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 335 | 368 | |
Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | Excluding Purchased Credit-Impaired Loans [Member] | |||
Financing Receivable | $ 16,798 | $ 18,537 |
Note 5 - Loans and Allowance 39
Note 5 - Loans and Allowance for Loan Losses - Activity in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Dec. 31, 2016 | ||
Balance, beginning of period | $ 12,125 | ||||||
Provision for loan losses | $ 882 | 678 | $ 1,438 | ||||
Balance, end of period | 12,702 | 12,702 | |||||
Total Allowance for Loan Losses | 12,702 | 12,702 | $ 12,702 | $ 12,125 | |||
Recorded investment in loans | 2,498,848 | 2,409,047 | |||||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||||||
Balance, beginning of period | 2,720 | ||||||
Balance, end of period | 2,573 | 2,573 | |||||
Total Allowance for Loan Losses | 2,573 | 2,573 | 2,573 | 2,720 | |||
Recorded investment in loans | 454,856 | 387,401 | |||||
Commercial Portfolio Segment [Member] | Shared National Credits [Member] | |||||||
Balance, beginning of period | 0 | ||||||
Balance, end of period | 556 | 556 | |||||
Total Allowance for Loan Losses | 556 | 556 | 556 | 0 | |||
Recorded investment in loans | 96 | 0 | |||||
Commercial Portfolio Segment [Member] | CRE - Owner Occupied [Member] | |||||||
Balance, beginning of period | 1,286 | ||||||
Balance, end of period | 1,354 | 1,354 | |||||
Total Allowance for Loan Losses | 1,354 | 1,354 | 1,354 | 1,286 | |||
Recorded investment in loans | 361,213 | 367,553 | |||||
Commercial Portfolio Segment [Member] | CRE - Investor Income Producing [Member] | |||||||
Balance, beginning of period | 2,583 | ||||||
Balance, end of period | 2,948 | 2,948 | |||||
Total Allowance for Loan Losses | 2,948 | 2,948 | 2,948 | 2,583 | |||
Recorded investment in loans | 801,698 | 743,107 | |||||
Commercial Portfolio Segment [Member] | AC&D - 1 - 4 Family Construction [Member] | |||||||
Balance, beginning of period | 567 | ||||||
Balance, end of period | 679 | 679 | |||||
Total Allowance for Loan Losses | 679 | 679 | 679 | 567 | |||
Recorded investment in loans | 95,236 | 82,707 | |||||
Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | |||||||
Balance, beginning of period | 526 | ||||||
Balance, end of period | 480 | 480 | |||||
Total Allowance for Loan Losses | 480 | 480 | 480 | 526 | |||
Recorded investment in loans | 92,761 | 105,362 | |||||
Commercial Portfolio Segment [Member] | AC&D - CRE [Member] | |||||||
Balance, beginning of period | 1,484 | ||||||
Balance, end of period | 1,167 | 1,167 | |||||
Total Allowance for Loan Losses | 1,167 | 1,167 | 1,167 | 1,484 | |||
Recorded investment in loans | 150,170 | 194,732 | |||||
Commercial Portfolio Segment [Member] | Other Commercial [Member] | |||||||
Balance, beginning of period | 126 | ||||||
Balance, end of period | 92 | 92 | |||||
Total Allowance for Loan Losses | 92 | 92 | 92 | 126 | |||
Recorded investment in loans | 15,712 | 12,900 | |||||
Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | |||||||
Balance, beginning of period | 841 | ||||||
Balance, end of period | 1,011 | 1,011 | |||||
Total Allowance for Loan Losses | 1,011 | 1,011 | 1,011 | 841 | |||
Recorded investment in loans | 283,911 | 260,521 | |||||
Consumer Portfolio Segment [Member] | HELOC Jr. Lien [Member] | |||||||
Balance, beginning of period | [1] | 0 | |||||
Balance, end of period | [1] | 766 | 766 | ||||
Total Allowance for Loan Losses | [1] | 766 | 766 | 766 | 0 | ||
Recorded investment in loans | [1] | 90,220 | 0 | ||||
Consumer Portfolio Segment [Member] | HELOC Sr. Lien [Member] | |||||||
Balance, beginning of period | 1,391 | ||||||
Balance, end of period | 577 | 577 | |||||
Total Allowance for Loan Losses | 577 | 577 | 577 | 1,391 | |||
Recorded investment in loans | 83,620 | 176,799 | |||||
Consumer Portfolio Segment [Member] | Residential Construction [Member] | |||||||
Balance, beginning of period | 435 | ||||||
Balance, end of period | 346 | 346 | |||||
Total Allowance for Loan Losses | 346 | 346 | 346 | 435 | |||
Recorded investment in loans | 52,222 | 59,060 | |||||
Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | |||||||
Balance, beginning of period | 166 | ||||||
Balance, end of period | 153 | 153 | |||||
Total Allowance for Loan Losses | 153 | 153 | 153 | 166 | |||
Recorded investment in loans | 17,133 | 18,905 | |||||
Excluding Purchased Credit-Impaired Loans [Member] | |||||||
Balance, beginning of period | 12,833 | 9,832 | 12,125 | 9,064 | |||
Provision for loan losses | 0 | 882 | 678 | 1,438 | |||
Charge-offs | (328) | (94) | (476) | (176) | |||
Recoveries | 198 | 252 | 375 | 546 | |||
Net (charge-offs) recoveries | (131) | 158 | (102) | 370 | |||
Balance, end of period | 12,702 | 10,872 | 12,702 | 10,872 | |||
Allowance for loan losses: collectively evaluated for impairment | 12,460 | 11,927 | |||||
Total Allowance for Loan Losses | 12,833 | 9,832 | 12,702 | 10,872 | 12,702 | 12,125 | |
Recorded investment in loans: individually evaluated for impairment | 8,398 | 8,439 | |||||
Recorded investment in loans: collectively evaluated for impairment | 2,415,376 | 2,315,153 | |||||
Recorded investment in loans | 2,423,774 | 2,323,592 | |||||
Allowance for loan losses: individually evaluated for impairment | 242 | 198 | |||||
Excluding Purchased Credit-Impaired Loans [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||||||
Balance, beginning of period | 3,093 | 2,047 | 2,720 | 1,821 | |||
Provision for loan losses | (435) | 66 | (4) | 283 | |||
Charge-offs | (96) | (1) | (158) | (16) | |||
Recoveries | 11 | 15 | 15 | 39 | |||
Net (charge-offs) recoveries | (85) | 14 | (143) | 23 | |||
Balance, end of period | 2,573 | 2,127 | 2,573 | 2,127 | |||
Allowance for loan losses: collectively evaluated for impairment | 2,573 | 2,720 | |||||
Total Allowance for Loan Losses | 3,093 | 2,047 | 2,573 | 2,127 | 2,573 | 2,720 | |
Recorded investment in loans: individually evaluated for impairment | 460 | 0 | |||||
Recorded investment in loans: collectively evaluated for impairment | 451,708 | 383,481 | |||||
Recorded investment in loans | 452,168 | 383,481 | |||||
Allowance for loan losses: individually evaluated for impairment | 0 | 0 | |||||
Excluding Purchased Credit-Impaired Loans [Member] | Commercial Portfolio Segment [Member] | Shared National Credits [Member] | |||||||
Balance, beginning of period | 0 | 0 | 0 | 0 | |||
Provision for loan losses | 556 | 0 | 556 | 0 | |||
Charge-offs | 0 | 0 | 0 | 0 | |||
Recoveries | 0 | 0 | |||||
Net (charge-offs) recoveries | 0 | 0 | 0 | ||||
Balance, end of period | 556 | 0 | 556 | 0 | |||
Allowance for loan losses: collectively evaluated for impairment | 556 | 0 | |||||
Total Allowance for Loan Losses | 0 | 0 | 556 | 0 | 556 | 0 | |
Recorded investment in loans: individually evaluated for impairment | 0 | 0 | |||||
Recorded investment in loans: collectively evaluated for impairment | 96 | 0 | |||||
Recorded investment in loans | 96 | 0 | |||||
Allowance for loan losses: individually evaluated for impairment | 0 | 0 | |||||
Excluding Purchased Credit-Impaired Loans [Member] | Commercial Portfolio Segment [Member] | CRE - Owner Occupied [Member] | |||||||
Balance, beginning of period | 1,348 | 1,108 | 1,286 | 1,135 | |||
Provision for loan losses | 6 | 123 | (26) | 96 | |||
Charge-offs | 0 | 0 | 39 | 0 | |||
Recoveries | 0 | 55 | 0 | ||||
Net (charge-offs) recoveries | 0 | 93 | 0 | ||||
Balance, end of period | 1,354 | 1,231 | 1,354 | 1,231 | |||
Allowance for loan losses: collectively evaluated for impairment | 1,354 | 1,286 | |||||
Total Allowance for Loan Losses | 1,348 | 1,108 | 1,354 | 1,231 | 1,354 | 1,286 | |
Recorded investment in loans: individually evaluated for impairment | 434 | 1,006 | |||||
Recorded investment in loans: collectively evaluated for impairment | 348,613 | 351,146 | |||||
Recorded investment in loans | 349,047 | 352,152 | |||||
Allowance for loan losses: individually evaluated for impairment | 0 | 0 | |||||
Excluding Purchased Credit-Impaired Loans [Member] | Commercial Portfolio Segment [Member] | CRE - Investor Income Producing [Member] | |||||||
Balance, beginning of period | 2,844 | 2,217 | 2,583 | 2,099 | |||
Provision for loan losses | 33 | 348 | 300 | 451 | |||
Charge-offs | (23) | 0 | (36) | 0 | |||
Recoveries | 94 | 7 | 101 | 22 | |||
Net (charge-offs) recoveries | 71 | 7 | 65 | 22 | |||
Balance, end of period | 2,948 | 2,572 | 2,948 | 2,572 | |||
Allowance for loan losses: collectively evaluated for impairment | 2,948 | 2,583 | |||||
Total Allowance for Loan Losses | 2,844 | 2,217 | 2,948 | 2,572 | 2,948 | 2,583 | |
Recorded investment in loans: individually evaluated for impairment | 1,874 | 1,951 | |||||
Recorded investment in loans: collectively evaluated for impairment | 770,802 | 710,456 | |||||
Recorded investment in loans | 772,676 | 712,407 | |||||
Allowance for loan losses: individually evaluated for impairment | 0 | 0 | |||||
Excluding Purchased Credit-Impaired Loans [Member] | Commercial Portfolio Segment [Member] | AC&D - 1 - 4 Family Construction [Member] | |||||||
Balance, beginning of period | 595 | 381 | 567 | 247 | |||
Provision for loan losses | 82 | 91 | 85 | 221 | |||
Charge-offs | 0 | 0 | 0 | 0 | |||
Recoveries | 2 | 13 | 27 | 17 | |||
Net (charge-offs) recoveries | 2 | 13 | 27 | 17 | |||
Balance, end of period | 679 | 485 | 679 | 485 | |||
Allowance for loan losses: collectively evaluated for impairment | 679 | 567 | |||||
Total Allowance for Loan Losses | 595 | 381 | 679 | 485 | 679 | 567 | |
Recorded investment in loans: individually evaluated for impairment | 0 | 0 | |||||
Recorded investment in loans: collectively evaluated for impairment | 95,236 | 82,707 | |||||
Recorded investment in loans | 95,236 | 82,707 | |||||
Allowance for loan losses: individually evaluated for impairment | 0 | 0 | |||||
Excluding Purchased Credit-Impaired Loans [Member] | Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | |||||||
Balance, beginning of period | 513 | 398 | 526 | 278 | |||
Provision for loan losses | (56) | (70) | (108) | 16 | |||
Charge-offs | 0 | 0 | 0 | 0 | |||
Recoveries | 23 | 121 | 62 | 155 | |||
Net (charge-offs) recoveries | 23 | 121 | 62 | 155 | |||
Balance, end of period | 480 | 449 | 480 | 449 | |||
Allowance for loan losses: collectively evaluated for impairment | 480 | 526 | |||||
Total Allowance for Loan Losses | 513 | 398 | 480 | 449 | 480 | 526 | |
Recorded investment in loans: individually evaluated for impairment | 564 | 622 | |||||
Recorded investment in loans: collectively evaluated for impairment | 84,754 | 96,666 | |||||
Recorded investment in loans | 85,318 | 97,288 | |||||
Allowance for loan losses: individually evaluated for impairment | 0 | 0 | |||||
Excluding Purchased Credit-Impaired Loans [Member] | Commercial Portfolio Segment [Member] | AC&D - CRE [Member] | |||||||
Balance, beginning of period | 1,353 | 808 | 1,484 | 679 | |||
Provision for loan losses | (186) | 28 | (317) | 157 | |||
Charge-offs | 0 | 0 | 0 | 0 | |||
Recoveries | 0 | 0 | |||||
Net (charge-offs) recoveries | 0 | 0 | 0 | ||||
Balance, end of period | 1,167 | 836 | 1,167 | 836 | |||
Allowance for loan losses: collectively evaluated for impairment | 1,167 | 1,484 | |||||
Total Allowance for Loan Losses | 1,353 | 808 | 1,167 | 836 | 1,167 | 1,484 | |
Recorded investment in loans: individually evaluated for impairment | 0 | 0 | |||||
Recorded investment in loans: collectively evaluated for impairment | 150,170 | 194,732 | |||||
Recorded investment in loans | 150,170 | 194,732 | |||||
Allowance for loan losses: individually evaluated for impairment | 0 | 0 | |||||
Excluding Purchased Credit-Impaired Loans [Member] | Commercial Portfolio Segment [Member] | Other Commercial [Member] | |||||||
Balance, beginning of period | 77 | 67 | 126 | 69 | |||
Provision for loan losses | 15 | 3 | (36) | (37) | |||
Charge-offs | 0 | 0 | 0 | 0 | |||
Recoveries | 0 | 2 | 38 | ||||
Net (charge-offs) recoveries | 0 | 2 | 38 | ||||
Balance, end of period | 92 | 70 | 92 | 70 | |||
Allowance for loan losses: collectively evaluated for impairment | 92 | 126 | |||||
Total Allowance for Loan Losses | 77 | 67 | 92 | 70 | 92 | 126 | |
Recorded investment in loans: individually evaluated for impairment | 210 | 211 | |||||
Recorded investment in loans: collectively evaluated for impairment | 13,568 | 10,727 | |||||
Recorded investment in loans | 13,778 | 10,938 | |||||
Allowance for loan losses: individually evaluated for impairment | 0 | 0 | |||||
Excluding Purchased Credit-Impaired Loans [Member] | Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | |||||||
Balance, beginning of period | 984 | 724 | 841 | 672 | |||
Provision for loan losses | 124 | 104 | 258 | 129 | |||
Charge-offs | (130) | (15) | (130) | (32) | |||
Recoveries | 33 | 8 | 42 | 52 | |||
Net (charge-offs) recoveries | (97) | (7) | (88) | 20 | |||
Balance, end of period | 1,011 | 821 | 1,011 | 821 | |||
Allowance for loan losses: collectively evaluated for impairment | 1,011 | 841 | |||||
Total Allowance for Loan Losses | 984 | 724 | 1,011 | 821 | 1,011 | 841 | |
Recorded investment in loans: individually evaluated for impairment | 2,161 | 2,014 | |||||
Recorded investment in loans: collectively evaluated for impairment | 262,985 | 237,035 | |||||
Recorded investment in loans | 265,146 | 239,049 | |||||
Allowance for loan losses: individually evaluated for impairment | 0 | 0 | |||||
Excluding Purchased Credit-Impaired Loans [Member] | Consumer Portfolio Segment [Member] | HELOC Jr. Lien [Member] | |||||||
Balance, beginning of period | [1] | 1,513 | 0 | 0 | 0 | ||
Provision for loan losses | [1] | (730) | 0 | 864 | 0 | ||
Charge-offs | [1] | (31) | 0 | (133) | 0 | ||
Recoveries | [1] | 14 | 0 | 35 | 0 | ||
Net (charge-offs) recoveries | [1] | (17) | 0 | (98) | 0 | ||
Balance, end of period | [1] | 766 | 0 | 766 | 0 | ||
Allowance for loan losses: collectively evaluated for impairment | [1] | 544 | 0 | ||||
Total Allowance for Loan Losses | [1] | 1,513 | 0 | 766 | 0 | 766 | 0 |
Recorded investment in loans: individually evaluated for impairment | [1] | 2,473 | 0 | ||||
Recorded investment in loans: collectively evaluated for impairment | [1] | 86,681 | 0 | ||||
Recorded investment in loans | [1] | 89,154 | 0 | ||||
Allowance for loan losses: individually evaluated for impairment | [1] | 222 | 0 | ||||
Excluding Purchased Credit-Impaired Loans [Member] | Consumer Portfolio Segment [Member] | HELOC Sr. Lien [Member] | |||||||
Balance, beginning of period | 0 | 1,393 | 1,391 | 1,337 | |||
Provision for loan losses | 577 | 130 | (814) | 95 | |||
Charge-offs | 0 | (56) | 0 | (56) | |||
Recoveries | 66 | 157 | |||||
Net (charge-offs) recoveries | 10 | 0 | 101 | ||||
Balance, end of period | 577 | 1,533 | 577 | 1,533 | |||
Allowance for loan losses: collectively evaluated for impairment | 577 | 1,213 | |||||
Total Allowance for Loan Losses | 0 | 1,393 | 577 | 1,533 | 577 | 1,391 | |
Recorded investment in loans: individually evaluated for impairment | 0 | 2,392 | |||||
Recorded investment in loans: collectively evaluated for impairment | 83,620 | 173,319 | |||||
Recorded investment in loans | 83,620 | 175,711 | |||||
Allowance for loan losses: individually evaluated for impairment | 0 | 178 | |||||
Excluding Purchased Credit-Impaired Loans [Member] | Consumer Portfolio Segment [Member] | Residential Construction [Member] | |||||||
Balance, beginning of period | 358 | 449 | 435 | 461 | |||
Provision for loan losses | 6 | (12) | (73) | (39) | |||
Charge-offs | (20) | 0 | (20) | (11) | |||
Recoveries | 2 | 2 | 4 | 28 | |||
Net (charge-offs) recoveries | (18) | 2 | (16) | 17 | |||
Balance, end of period | 346 | 439 | 346 | 439 | |||
Allowance for loan losses: collectively evaluated for impairment | 326 | 415 | |||||
Total Allowance for Loan Losses | 358 | 449 | 346 | 439 | 346 | 435 | |
Recorded investment in loans: individually evaluated for impairment | 221 | 243 | |||||
Recorded investment in loans: collectively evaluated for impairment | 50,346 | 56,347 | |||||
Recorded investment in loans | 50,567 | 56,590 | |||||
Allowance for loan losses: individually evaluated for impairment | 20 | 20 | |||||
Excluding Purchased Credit-Impaired Loans [Member] | Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | |||||||
Balance, beginning of period | 155 | 240 | 166 | 266 | |||
Provision for loan losses | 8 | 71 | (7) | 66 | |||
Charge-offs | (28) | (21) | (38) | (61) | |||
Recoveries | 18 | 19 | 32 | 38 | |||
Net (charge-offs) recoveries | (10) | (2) | (6) | (23) | |||
Balance, end of period | 153 | 309 | 153 | 309 | |||
Allowance for loan losses: collectively evaluated for impairment | 153 | 166 | |||||
Total Allowance for Loan Losses | 155 | $ 240 | 153 | $ 309 | 153 | 166 | |
Recorded investment in loans: individually evaluated for impairment | 0 | 0 | |||||
Recorded investment in loans: collectively evaluated for impairment | 16,798 | 18,537 | |||||
Recorded investment in loans | 16,798 | 18,537 | |||||
Allowance for loan losses: individually evaluated for impairment | 0 | 0 | |||||
Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Balance, beginning of period | 0 | ||||||
Balance, end of period | 0 | 0 | |||||
Total Allowance for Loan Losses | 0 | 0 | 0 | 0 | |||
Recorded investment in loans | 75,074 | 85,455 | |||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||||||
Balance, beginning of period | 0 | ||||||
Balance, end of period | 0 | 0 | |||||
Total Allowance for Loan Losses | 0 | 0 | 0 | 0 | |||
Recorded investment in loans | 2,688 | 3,920 | |||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Portfolio Segment [Member] | Shared National Credits [Member] | |||||||
Balance, beginning of period | 0 | ||||||
Balance, end of period | 0 | 0 | |||||
Total Allowance for Loan Losses | 0 | 0 | 0 | 0 | |||
Recorded investment in loans | 0 | 0 | |||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Portfolio Segment [Member] | CRE - Owner Occupied [Member] | |||||||
Balance, beginning of period | 0 | ||||||
Balance, end of period | 0 | 0 | |||||
Total Allowance for Loan Losses | 0 | 0 | 0 | 0 | |||
Recorded investment in loans | 12,166 | 15,401 | |||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Portfolio Segment [Member] | CRE - Investor Income Producing [Member] | |||||||
Balance, beginning of period | 0 | ||||||
Balance, end of period | 0 | 0 | |||||
Total Allowance for Loan Losses | 0 | 0 | 0 | 0 | |||
Recorded investment in loans | 29,022 | 30,700 | |||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Portfolio Segment [Member] | AC&D - 1 - 4 Family Construction [Member] | |||||||
Balance, beginning of period | 0 | ||||||
Balance, end of period | 0 | 0 | |||||
Total Allowance for Loan Losses | 0 | 0 | 0 | 0 | |||
Recorded investment in loans | 0 | 0 | |||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | |||||||
Balance, beginning of period | 0 | ||||||
Balance, end of period | 0 | 0 | |||||
Total Allowance for Loan Losses | 0 | 0 | 0 | 0 | |||
Recorded investment in loans | 7,443 | 8,074 | |||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Portfolio Segment [Member] | AC&D - CRE [Member] | |||||||
Balance, beginning of period | 0 | ||||||
Balance, end of period | 0 | 0 | |||||
Total Allowance for Loan Losses | 0 | 0 | 0 | 0 | |||
Recorded investment in loans | 0 | 0 | |||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Portfolio Segment [Member] | Other Commercial [Member] | |||||||
Balance, beginning of period | 0 | ||||||
Balance, end of period | 0 | 0 | |||||
Total Allowance for Loan Losses | 0 | 0 | 0 | 0 | |||
Recorded investment in loans | 1,934 | 1,962 | |||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | |||||||
Balance, beginning of period | 0 | ||||||
Balance, end of period | 0 | 0 | |||||
Total Allowance for Loan Losses | 0 | 0 | 0 | 0 | |||
Recorded investment in loans | 18,765 | 21,472 | |||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Consumer Portfolio Segment [Member] | HELOC Jr. Lien [Member] | |||||||
Balance, beginning of period | [1] | 0 | |||||
Balance, end of period | [1] | 0 | 0 | ||||
Total Allowance for Loan Losses | [1] | 0 | 0 | 0 | 0 | ||
Recorded investment in loans | [1] | 1,066 | 0 | ||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Consumer Portfolio Segment [Member] | HELOC Sr. Lien [Member] | |||||||
Balance, beginning of period | 0 | ||||||
Balance, end of period | 0 | 0 | |||||
Total Allowance for Loan Losses | 0 | 0 | 0 | 0 | |||
Recorded investment in loans | 0 | 1,088 | |||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Consumer Portfolio Segment [Member] | Residential Construction [Member] | |||||||
Balance, beginning of period | 0 | ||||||
Balance, end of period | 0 | 0 | |||||
Total Allowance for Loan Losses | 0 | 0 | 0 | 0 | |||
Recorded investment in loans | 1,655 | 2,470 | |||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | |||||||
Balance, beginning of period | 0 | ||||||
Balance, end of period | 0 | 0 | |||||
Total Allowance for Loan Losses | $ 0 | $ 0 | 0 | 0 | |||
Recorded investment in loans | $ 335 | $ 368 | |||||
[1] | Prior to Q2 2017, HELOCs were evalauted collectively for purposes of the allowance for loan and lease losses. Beginning in Q2 2017, HELOCs were evaluated for purposes of the allowance calculation based on the sequence of lien associated with the underlying collateral of the loan. |
Note 5 - Loans and Allowance 40
Note 5 - Loans and Allowance for Loan Losses - Loans by Credit Quality Indicators (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Financing Receivable | $ 2,498,848 | $ 2,409,047 | $ 2,409,047 |
Commercial Portfolio Segment [Member] | |||
Financing Receivable | 1,971,742 | 1,893,762 | |
Commercial Portfolio Segment [Member] | Pass [Member] | |||
Financing Receivable | 1,943,222 | 1,862,658 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | |||
Financing Receivable | 20,174 | 21,011 | |
Commercial Portfolio Segment [Member] | Classified [Member] | |||
Financing Receivable | 8,346 | 10,093 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||
Financing Receivable | 454,952 | 387,401 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Pass [Member] | |||
Financing Receivable | 447,136 | 378,592 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Special Mention [Member] | |||
Financing Receivable | 7,094 | 7,229 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Classified [Member] | |||
Financing Receivable | 722 | 1,580 | |
Commercial Portfolio Segment [Member] | CRE - Owner Occupied [Member] | |||
Financing Receivable | 361,213 | 367,553 | |
Commercial Portfolio Segment [Member] | CRE - Owner Occupied [Member] | Pass [Member] | |||
Financing Receivable | 351,049 | 356,214 | |
Commercial Portfolio Segment [Member] | CRE - Owner Occupied [Member] | Special Mention [Member] | |||
Financing Receivable | 6,533 | 7,779 | |
Commercial Portfolio Segment [Member] | CRE - Owner Occupied [Member] | Classified [Member] | |||
Financing Receivable | 3,631 | 3,560 | |
Commercial Portfolio Segment [Member] | CRE - Investor Income Producing [Member] | |||
Financing Receivable | 801,698 | 743,107 | |
Commercial Portfolio Segment [Member] | CRE - Investor Income Producing [Member] | Pass [Member] | |||
Financing Receivable | 794,561 | 735,698 | |
Commercial Portfolio Segment [Member] | CRE - Investor Income Producing [Member] | Special Mention [Member] | |||
Financing Receivable | 3,878 | 3,276 | |
Commercial Portfolio Segment [Member] | CRE - Investor Income Producing [Member] | Classified [Member] | |||
Financing Receivable | 3,259 | 4,133 | |
Commercial Portfolio Segment [Member] | AC&D - 1 - 4 Family Construction [Member] | |||
Financing Receivable | 95,236 | 82,707 | |
Commercial Portfolio Segment [Member] | AC&D - 1 - 4 Family Construction [Member] | Pass [Member] | |||
Financing Receivable | 95,236 | 82,707 | |
Commercial Portfolio Segment [Member] | AC&D - 1 - 4 Family Construction [Member] | Special Mention [Member] | |||
Financing Receivable | 0 | 0 | |
Commercial Portfolio Segment [Member] | AC&D - 1 - 4 Family Construction [Member] | Classified [Member] | |||
Financing Receivable | 0 | ||
Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | |||
Financing Receivable | 92,761 | 105,362 | |
Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | Pass [Member] | |||
Financing Receivable | 91,415 | 102,146 | |
Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | Special Mention [Member] | |||
Financing Receivable | 938 | 2,727 | |
Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | Classified [Member] | |||
Financing Receivable | 408 | 489 | |
Commercial Portfolio Segment [Member] | AC&D - CRE [Member] | |||
Financing Receivable | 150,170 | 194,732 | |
Commercial Portfolio Segment [Member] | AC&D - CRE [Member] | Pass [Member] | |||
Financing Receivable | 150,170 | 194,732 | |
Commercial Portfolio Segment [Member] | AC&D - CRE [Member] | Special Mention [Member] | |||
Financing Receivable | 0 | 0 | |
Commercial Portfolio Segment [Member] | AC&D - CRE [Member] | Classified [Member] | |||
Financing Receivable | 0 | ||
Commercial Portfolio Segment [Member] | Other Commercial [Member] | |||
Financing Receivable | 15,712 | 12,900 | |
Commercial Portfolio Segment [Member] | Other Commercial [Member] | Pass [Member] | |||
Financing Receivable | 13,655 | 12,569 | |
Commercial Portfolio Segment [Member] | Other Commercial [Member] | Special Mention [Member] | |||
Financing Receivable | 1,731 | 0 | |
Commercial Portfolio Segment [Member] | Other Commercial [Member] | Classified [Member] | |||
Financing Receivable | 326 | 331 | |
Consumer Portfolio Segment [Member] | |||
Financing Receivable | 527,106 | 515,285 | |
Consumer Portfolio Segment [Member] | Pass [Member] | |||
Financing Receivable | 509,594 | 498,591 | |
Consumer Portfolio Segment [Member] | Special Mention [Member] | |||
Financing Receivable | 11,323 | 10,765 | |
Consumer Portfolio Segment [Member] | Classified [Member] | |||
Financing Receivable | 6,189 | 5,929 | |
Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | |||
Financing Receivable | 283,911 | 260,521 | |
Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | Pass [Member] | |||
Financing Receivable | 275,473 | 252,934 | |
Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | Special Mention [Member] | |||
Financing Receivable | 5,012 | 4,707 | |
Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | Classified [Member] | |||
Financing Receivable | 3,426 | 2,880 | |
Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | |||
Financing Receivable | 173,840 | 176,799 | |
Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | Pass [Member] | |||
Financing Receivable | 165,280 | 168,460 | |
Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | Special Mention [Member] | |||
Financing Receivable | 6,247 | 5,732 | |
Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | Classified [Member] | |||
Financing Receivable | 2,313 | 2,607 | |
Consumer Portfolio Segment [Member] | Residential Construction [Member] | |||
Financing Receivable | 52,222 | 59,060 | |
Consumer Portfolio Segment [Member] | Residential Construction [Member] | Pass [Member] | |||
Financing Receivable | 51,887 | 58,486 | |
Consumer Portfolio Segment [Member] | Residential Construction [Member] | Special Mention [Member] | |||
Financing Receivable | 31 | 312 | |
Consumer Portfolio Segment [Member] | Residential Construction [Member] | Classified [Member] | |||
Financing Receivable | 304 | 262 | |
Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | |||
Financing Receivable | 17,133 | 18,905 | |
Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | Pass [Member] | |||
Financing Receivable | 16,954 | 18,711 | |
Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | Special Mention [Member] | |||
Financing Receivable | 33 | 14 | |
Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | Classified [Member] | |||
Financing Receivable | $ 146 | $ 180 |
Note 5 - Loans and Allowance 41
Note 5 - Loans and Allowance for Loan Losses - Aging Analysis of Accruing and Non-Accruing Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Financing Receivable - Current | $ 2,417,263 | $ 2,312,445 | |
Financing Receivable | 2,498,848 | 2,409,047 | $ 2,409,047 |
Commercial: | |||
Financing Receivable - PCI Loans | 2,498,848 | 2,409,047 | $ 2,409,047 |
Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 75,074 | 85,455 | |
Commercial: | |||
Financing Receivable - PCI Loans | 75,074 | 85,455 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 740 | 1,218 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 1,264 | 2,981 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 4,507 | 6,948 | |
Commercial Portfolio Segment [Member] | |||
Financing Receivable - Current | 1,916,150 | 1,828,962 | |
Financing Receivable | 1,971,742 | 1,893,762 | |
Commercial: | |||
Financing Receivable - PCI Loans | 1,971,742 | 1,893,762 | |
Commercial Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 53,253 | 60,057 | |
Commercial: | |||
Financing Receivable - PCI Loans | 53,253 | 60,057 | |
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 249 | 756 | |
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 545 | 1,398 | |
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 1,545 | 2,589 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||
Financing Receivable - Current | 451,791 | 382,720 | |
Financing Receivable | 454,952 | 387,401 | |
Commercial: | |||
Financing Receivable - PCI Loans | 454,952 | 387,401 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 2,688 | 3,920 | |
Commercial: | |||
Financing Receivable - PCI Loans | 2,688 | 3,920 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 10 | 587 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 0 | 7 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 463 | 167 | |
Commercial Portfolio Segment [Member] | CRE - Owner Occupied [Member] | |||
Financing Receivable - Current | 348,211 | 351,767 | |
Financing Receivable | 361,213 | 367,553 | |
Commercial: | |||
Financing Receivable - PCI Loans | 361,213 | 367,553 | |
Commercial Portfolio Segment [Member] | CRE - Owner Occupied [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 12,166 | 15,401 | |
Commercial: | |||
Financing Receivable - PCI Loans | 12,166 | 15,401 | |
Commercial Portfolio Segment [Member] | CRE - Owner Occupied [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 0 | 0 | |
Commercial Portfolio Segment [Member] | CRE - Owner Occupied [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 373 | 0 | |
Commercial Portfolio Segment [Member] | CRE - Owner Occupied [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 463 | 385 | |
Commercial Portfolio Segment [Member] | CRE - Investor Income Producing [Member] | |||
Financing Receivable - Current | 771,857 | 709,021 | |
Financing Receivable | 801,698 | 743,107 | |
Commercial: | |||
Financing Receivable - PCI Loans | 801,698 | 743,107 | |
Commercial Portfolio Segment [Member] | CRE - Investor Income Producing [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 29,022 | 30,700 | |
Commercial: | |||
Financing Receivable - PCI Loans | 29,022 | 30,700 | |
Commercial Portfolio Segment [Member] | CRE - Investor Income Producing [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 239 | 169 | |
Commercial Portfolio Segment [Member] | CRE - Investor Income Producing [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 172 | 1,391 | |
Commercial Portfolio Segment [Member] | CRE - Investor Income Producing [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 408 | 1,826 | |
Commercial Portfolio Segment [Member] | AC&D - 1 - 4 Family Construction [Member] | |||
Financing Receivable - Current | 95,236 | 82,707 | |
Financing Receivable | 95,236 | 82,707 | |
Commercial: | |||
Financing Receivable - PCI Loans | 95,236 | 82,707 | |
Commercial Portfolio Segment [Member] | AC&D - 1 - 4 Family Construction [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 0 | 0 | |
Commercial: | |||
Financing Receivable - PCI Loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | AC&D - 1 - 4 Family Construction [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 0 | 0 | |
Commercial Portfolio Segment [Member] | AC&D - 1 - 4 Family Construction [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 0 | 0 | |
Commercial Portfolio Segment [Member] | AC&D - 1 - 4 Family Construction [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 0 | 0 | |
Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | |||
Financing Receivable - Current | 85,318 | 97,288 | |
Financing Receivable | 92,761 | 105,362 | |
Commercial: | |||
Financing Receivable - PCI Loans | 92,761 | 105,362 | |
Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 7,443 | 8,074 | |
Commercial: | |||
Financing Receivable - PCI Loans | 7,443 | 8,074 | |
Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 0 | 0 | |
Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 0 | 0 | |
Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 0 | 0 | |
Commercial Portfolio Segment [Member] | AC&D - CRE [Member] | |||
Financing Receivable - Current | 150,170 | 194,732 | |
Financing Receivable | 150,170 | 194,732 | |
Commercial: | |||
Financing Receivable - PCI Loans | 150,170 | 194,732 | |
Commercial Portfolio Segment [Member] | AC&D - CRE [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 0 | 0 | |
Commercial: | |||
Financing Receivable - PCI Loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | AC&D - CRE [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 0 | 0 | |
Commercial Portfolio Segment [Member] | AC&D - CRE [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 0 | 0 | |
Commercial Portfolio Segment [Member] | AC&D - CRE [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Other Commercial [Member] | |||
Financing Receivable - Current | 13,567 | 10,727 | |
Financing Receivable | 15,712 | 12,900 | |
Commercial: | |||
Financing Receivable - PCI Loans | 15,712 | 12,900 | |
Commercial Portfolio Segment [Member] | Other Commercial [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 1,934 | 1,962 | |
Commercial: | |||
Financing Receivable - PCI Loans | 1,934 | 1,962 | |
Commercial Portfolio Segment [Member] | Other Commercial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Other Commercial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Other Commercial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 211 | 211 | |
Consumer Portfolio Segment [Member] | |||
Financing Receivable - Current | 501,113 | 483,483 | |
Financing Receivable | 527,106 | 515,285 | |
Commercial: | |||
Financing Receivable - PCI Loans | 527,106 | 515,285 | |
Consumer Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 21,821 | 25,398 | |
Commercial: | |||
Financing Receivable - PCI Loans | 21,821 | 25,398 | |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 491 | 462 | |
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 719 | 1,583 | |
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 2,962 | 4,359 | |
Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | |||
Financing Receivable - Current | 262,487 | 235,712 | |
Financing Receivable | 283,911 | 260,521 | |
Commercial: | |||
Financing Receivable - PCI Loans | 283,911 | 260,521 | |
Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 18,765 | 21,472 | |
Commercial: | |||
Financing Receivable - PCI Loans | 18,765 | 21,472 | |
Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 1 | 328 | |
Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 440 | 69 | |
Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 2,218 | 2,940 | |
Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | |||
Financing Receivable - Current | 171,678 | 173,569 | |
Financing Receivable | 173,840 | 176,799 | |
Commercial: | |||
Financing Receivable - PCI Loans | 173,840 | 176,799 | |
Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 1,066 | 1,088 | |
Commercial: | |||
Financing Receivable - PCI Loans | 1,066 | 1,088 | |
Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 442 | 80 | |
Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 191 | 1,176 | |
Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 463 | 886 | |
Consumer Portfolio Segment [Member] | Residential Construction [Member] | |||
Financing Receivable - Current | 50,322 | 55,738 | |
Financing Receivable | 52,222 | 59,060 | |
Commercial: | |||
Financing Receivable - PCI Loans | 52,222 | 59,060 | |
Consumer Portfolio Segment [Member] | Residential Construction [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 1,655 | 2,470 | |
Commercial: | |||
Financing Receivable - PCI Loans | 1,655 | 2,470 | |
Consumer Portfolio Segment [Member] | Residential Construction [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 23 | 8 | |
Consumer Portfolio Segment [Member] | Residential Construction [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 0 | 335 | |
Consumer Portfolio Segment [Member] | Residential Construction [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 222 | 509 | |
Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | |||
Financing Receivable - Current | 16,626 | 18,464 | |
Financing Receivable | 17,133 | 18,905 | |
Commercial: | |||
Financing Receivable - PCI Loans | 17,133 | 18,905 | |
Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Financing Receivable | 335 | 368 | |
Commercial: | |||
Financing Receivable - PCI Loans | 335 | 368 | |
Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 25 | 46 | |
Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | 88 | 3 | |
Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Commercial: | |||
Financing Receivable Past Due | $ 59 | $ 24 |
Note 5 - Loans and Allowance 42
Note 5 - Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Impaired Loans with No Related Allowance Recorded: | ||
Impaired Loans with No Related Allowance Recorded Recorded Investment | $ 6,775 | $ 6,544 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 6,806 | 6,793 |
Total Impaired Loans Individually Reviewed for Impairment | ||
Impaired Loans with an Allowance Recorded Recorded Investment | 1,623 | 1,930 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 1,631 | 1,954 |
Impaired Loans Related Allowance | 242 | 198 |
Individually Reviewed for Impairment [Member] | ||
Total Impaired Loans Individually Reviewed for Impairment | ||
Impaired Loans Recorded Investment | 8,398 | 8,474 |
Impaired Loans Unpaid Principal Balance | 8,437 | 8,747 |
Impaired Loans Related Allowance | 242 | 198 |
Commercial Portfolio Segment [Member] | ||
Impaired Loans with No Related Allowance Recorded: | ||
Impaired Loans with No Related Allowance Recorded Recorded Investment | 3,543 | 3,309 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 3,560 | 3,526 |
Total Impaired Loans Individually Reviewed for Impairment | ||
Impaired Loans Recorded Investment | 3,543 | 3,772 |
Impaired Loans Unpaid Principal Balance | 3,560 | 3,989 |
Impaired Loans with an Allowance Recorded Recorded Investment | 0 | 463 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 0 | 463 |
Impaired Loans Related Allowance | 0 | 2 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Impaired Loans with No Related Allowance Recorded: | ||
Impaired Loans with No Related Allowance Recorded Recorded Investment | 461 | 0 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 463 | 0 |
Total Impaired Loans Individually Reviewed for Impairment | ||
Impaired Loans Recorded Investment | 461 | 0 |
Impaired Loans Unpaid Principal Balance | 463 | 0 |
Impaired Loans with an Allowance Recorded Recorded Investment | 0 | 0 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 0 | 0 |
Impaired Loans Related Allowance | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Impaired Loans with No Related Allowance Recorded: | ||
Impaired Loans with No Related Allowance Recorded Recorded Investment | 434 | 995 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 436 | 1,078 |
Total Impaired Loans Individually Reviewed for Impairment | ||
Impaired Loans Recorded Investment | 434 | 995 |
Impaired Loans Unpaid Principal Balance | 436 | 1,078 |
Impaired Loans with an Allowance Recorded Recorded Investment | 0 | 0 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 0 | 0 |
Impaired Loans Related Allowance | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial Real Estate Investor Income Producing [Member] | ||
Impaired Loans with No Related Allowance Recorded: | ||
Impaired Loans with No Related Allowance Recorded Recorded Investment | 1,874 | 1,481 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 1,883 | 1,489 |
Total Impaired Loans Individually Reviewed for Impairment | ||
Impaired Loans Recorded Investment | 1,874 | 1,944 |
Impaired Loans Unpaid Principal Balance | 1,883 | 1,952 |
Impaired Loans with an Allowance Recorded Recorded Investment | 0 | 463 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 0 | 463 |
Impaired Loans Related Allowance | 0 | 2 |
Commercial Portfolio Segment [Member] | AC&D - 1 - 4 Family Construction [Member] | ||
Impaired Loans with No Related Allowance Recorded: | ||
Impaired Loans with No Related Allowance Recorded Recorded Investment | 0 | 0 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 0 | 0 |
Total Impaired Loans Individually Reviewed for Impairment | ||
Impaired Loans Recorded Investment | 0 | 0 |
Impaired Loans Unpaid Principal Balance | 0 | 0 |
Impaired Loans with an Allowance Recorded Recorded Investment | 0 | 0 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 0 | 0 |
Impaired Loans Related Allowance | 0 | 0 |
Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | ||
Impaired Loans with No Related Allowance Recorded: | ||
Impaired Loans with No Related Allowance Recorded Recorded Investment | 564 | 622 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 567 | 748 |
Total Impaired Loans Individually Reviewed for Impairment | ||
Impaired Loans Recorded Investment | 564 | 622 |
Impaired Loans Unpaid Principal Balance | 567 | 748 |
Impaired Loans with an Allowance Recorded Recorded Investment | 0 | 0 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 0 | 0 |
Impaired Loans Related Allowance | 0 | 0 |
Commercial Portfolio Segment [Member] | AC&D - CRE [Member] | ||
Impaired Loans with No Related Allowance Recorded: | ||
Impaired Loans with No Related Allowance Recorded Recorded Investment | 0 | 0 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 0 | 0 |
Total Impaired Loans Individually Reviewed for Impairment | ||
Impaired Loans Recorded Investment | 0 | 0 |
Impaired Loans Unpaid Principal Balance | 0 | 0 |
Impaired Loans with an Allowance Recorded Recorded Investment | 0 | 0 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 0 | 0 |
Impaired Loans Related Allowance | 0 | 0 |
Commercial Portfolio Segment [Member] | Other Commercial [Member] | ||
Impaired Loans with No Related Allowance Recorded: | ||
Impaired Loans with No Related Allowance Recorded Recorded Investment | 210 | 211 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 211 | 211 |
Total Impaired Loans Individually Reviewed for Impairment | ||
Impaired Loans Recorded Investment | 210 | 211 |
Impaired Loans Unpaid Principal Balance | 211 | 211 |
Impaired Loans with an Allowance Recorded Recorded Investment | 0 | 0 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 0 | 0 |
Impaired Loans Related Allowance | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Impaired Loans with No Related Allowance Recorded: | ||
Impaired Loans with No Related Allowance Recorded Recorded Investment | 3,232 | 3,235 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 3,246 | 3,267 |
Total Impaired Loans Individually Reviewed for Impairment | ||
Impaired Loans Recorded Investment | 4,855 | 4,702 |
Impaired Loans Unpaid Principal Balance | 4,877 | 4,758 |
Impaired Loans with an Allowance Recorded Recorded Investment | 1,623 | 1,467 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 1,631 | 1,491 |
Impaired Loans Related Allowance | 242 | 196 |
Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | ||
Impaired Loans with No Related Allowance Recorded: | ||
Impaired Loans with No Related Allowance Recorded Recorded Investment | 2,161 | 2,052 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 2,171 | 2,077 |
Total Impaired Loans Individually Reviewed for Impairment | ||
Impaired Loans Recorded Investment | 2,161 | 2,052 |
Impaired Loans Unpaid Principal Balance | 2,171 | 2,077 |
Impaired Loans with an Allowance Recorded Recorded Investment | 0 | 0 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 0 | 0 |
Impaired Loans Related Allowance | 0 | 0 |
Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | ||
Impaired Loans with No Related Allowance Recorded: | ||
Impaired Loans with No Related Allowance Recorded Recorded Investment | 1,071 | 1,183 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 1,075 | 1,190 |
Total Impaired Loans Individually Reviewed for Impairment | ||
Impaired Loans Recorded Investment | 2,473 | 2,407 |
Impaired Loans Unpaid Principal Balance | 2,484 | 2,438 |
Impaired Loans with an Allowance Recorded Recorded Investment | 1,402 | 1,224 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 1,409 | 1,248 |
Impaired Loans Related Allowance | 222 | 176 |
Consumer Portfolio Segment [Member] | Residential Construction [Member] | ||
Impaired Loans with No Related Allowance Recorded: | ||
Impaired Loans with No Related Allowance Recorded Recorded Investment | 0 | 0 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 0 | 0 |
Total Impaired Loans Individually Reviewed for Impairment | ||
Impaired Loans Recorded Investment | 221 | 243 |
Impaired Loans Unpaid Principal Balance | 222 | 243 |
Impaired Loans with an Allowance Recorded Recorded Investment | 221 | 243 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 222 | 243 |
Impaired Loans Related Allowance | 20 | 20 |
Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | ||
Impaired Loans with No Related Allowance Recorded: | ||
Impaired Loans with No Related Allowance Recorded Recorded Investment | 0 | 0 |
Impaired Loans with No Related Allowance Recorded Unpaid Principal Balance | 0 | 0 |
Total Impaired Loans Individually Reviewed for Impairment | ||
Impaired Loans Recorded Investment | 0 | 0 |
Impaired Loans Unpaid Principal Balance | 0 | 0 |
Impaired Loans with an Allowance Recorded Recorded Investment | 0 | 0 |
Impaired Loans with an Allowance Recorded Unpaid Principal Balance | 0 | 0 |
Impaired Loans Related Allowance | $ 0 | $ 0 |
Note 5 - Loans and Allowance 43
Note 5 - Loans and Allowance for Loan Losses - Average Recorded Investment and Interest Income Recognized on Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Impaired Loans with No Related Allowance Recorded: | ||||
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | $ 6,594 | $ 5,623 | $ 6,837 | $ 5,122 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 51 | 20 | 102 | 47 |
Impaired Loans with an Allowance Recorded: | ||||
Impaired Loans with an Allowance Recorded Interest Income Recognized | 17 | 10 | 39 | 19 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 2,280 | 1,484 | 2,106 | 1,397 |
Individually Reviewed for Impairment [Member] | ||||
Total Impaired Loans Individually Reviewed for Impairment | ||||
Impaired Loans Average Recorded Investment | 8,874 | 7,107 | 8,943 | 6,519 |
Impaired Loans Interest Income Recognized | 68 | 30 | 141 | 66 |
Collectively Reviewed for Impairment [Member] | ||||
Total Impaired Loans Individually Reviewed for Impairment | ||||
Impaired Loans Average Recorded Investment | 0 | 2,211 | 0 | 2,283 |
Impaired Loans Interest Income Recognized | 0 | 3 | 0 | 10 |
Commercial Portfolio Segment [Member] | ||||
Impaired Loans with No Related Allowance Recorded: | ||||
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 3,870 | 3,495 | 3,590 | 3,138 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 44 | 15 | 88 | 33 |
Impaired Loans with an Allowance Recorded: | ||||
Impaired Loans with an Allowance Recorded Interest Income Recognized | 0 | 0 | 7 | 0 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 0 | 232 | 0 | |
Total Impaired Loans Individually Reviewed for Impairment | ||||
Impaired Loans Average Recorded Investment | 3,870 | 3,495 | 3,821 | 3,138 |
Impaired Loans Interest Income Recognized | 44 | 15 | 95 | 33 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||||
Impaired Loans with No Related Allowance Recorded: | ||||
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 463 | 449 | 232 | 299 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 21 | 0 | 42 | 0 |
Impaired Loans with an Allowance Recorded: | ||||
Impaired Loans with an Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 0 | 0 | 0 | 0 |
Total Impaired Loans Individually Reviewed for Impairment | ||||
Impaired Loans Average Recorded Investment | 463 | 449 | 232 | 299 |
Impaired Loans Interest Income Recognized | 21 | 0 | 42 | 0 |
Commercial Portfolio Segment [Member] | CRE - Owner Occupied [Member] | ||||
Impaired Loans with No Related Allowance Recorded: | ||||
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 616 | 1,256 | 805 | 1,259 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 2 | 0 | 4 | 0 |
Impaired Loans with an Allowance Recorded: | ||||
Impaired Loans with an Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 0 | 0 | 0 | 0 |
Total Impaired Loans Individually Reviewed for Impairment | ||||
Impaired Loans Average Recorded Investment | 616 | 1,256 | 805 | 1,259 |
Impaired Loans Interest Income Recognized | 2 | 0 | 4 | 0 |
Commercial Portfolio Segment [Member] | CRE - Investor Income Producing [Member] | ||||
Impaired Loans with No Related Allowance Recorded: | ||||
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 2,000 | 888 | 1,741 | 738 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 0 | 6 | 0 | 13 |
Impaired Loans with an Allowance Recorded: | ||||
Impaired Loans with an Allowance Recorded Interest Income Recognized | 0 | 0 | 6 | 0 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 0 | 0 | 232 | 0 |
Total Impaired Loans Individually Reviewed for Impairment | ||||
Impaired Loans Average Recorded Investment | 2,000 | 888 | 1,972 | 738 |
Impaired Loans Interest Income Recognized | 0 | 6 | 6 | 13 |
Commercial Portfolio Segment [Member] | AC&D - 1 - 4 Family Construction [Member] | ||||
Impaired Loans with No Related Allowance Recorded: | ||||
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 0 | 0 | 0 | 0 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 |
Impaired Loans with an Allowance Recorded: | ||||
Impaired Loans with an Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 0 | 0 | 0 | 0 |
Total Impaired Loans Individually Reviewed for Impairment | ||||
Impaired Loans Average Recorded Investment | 0 | 0 | 0 | 0 |
Impaired Loans Interest Income Recognized | 0 | 0 | 0 | 0 |
Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | ||||
Impaired Loans with No Related Allowance Recorded: | ||||
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 580 | 691 | 601 | 701 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 21 | 9 | 42 | 20 |
Impaired Loans with an Allowance Recorded: | ||||
Impaired Loans with an Allowance Recorded Interest Income Recognized | 0 | 0 | 1 | 0 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 0 | 0 | 0 | 0 |
Total Impaired Loans Individually Reviewed for Impairment | ||||
Impaired Loans Average Recorded Investment | 580 | 691 | 601 | 701 |
Impaired Loans Interest Income Recognized | 21 | 9 | 43 | 20 |
Commercial Portfolio Segment [Member] | AC&D - CRE [Member] | ||||
Impaired Loans with No Related Allowance Recorded: | ||||
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 0 | 0 | 0 | 0 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 |
Impaired Loans with an Allowance Recorded: | ||||
Impaired Loans with an Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 0 | 0 | 0 | 0 |
Total Impaired Loans Individually Reviewed for Impairment | ||||
Impaired Loans Average Recorded Investment | 0 | 0 | 0 | 0 |
Impaired Loans Interest Income Recognized | 0 | 0 | 0 | 0 |
Commercial Portfolio Segment [Member] | Other Commercial [Member] | ||||
Impaired Loans with No Related Allowance Recorded: | ||||
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 211 | 211 | 211 | 141 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 |
Impaired Loans with an Allowance Recorded: | ||||
Impaired Loans with an Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 0 | 0 | 0 | 0 |
Total Impaired Loans Individually Reviewed for Impairment | ||||
Impaired Loans Average Recorded Investment | 211 | 211 | 211 | 141 |
Impaired Loans Interest Income Recognized | 0 | 0 | ||
Consumer Portfolio Segment [Member] | ||||
Impaired Loans with No Related Allowance Recorded: | ||||
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 2,725 | 2,128 | 3,248 | 1,984 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 7 | 5 | 14 | 14 |
Impaired Loans with an Allowance Recorded: | ||||
Impaired Loans with an Allowance Recorded Interest Income Recognized | 17 | 10 | 32 | 19 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 2,280 | 1,484 | 1,874 | 1,397 |
Total Impaired Loans Individually Reviewed for Impairment | ||||
Impaired Loans Average Recorded Investment | 5,004 | 3,612 | 5,122 | 3,381 |
Impaired Loans Interest Income Recognized | 24 | 15 | 46 | 33 |
Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | ||||
Impaired Loans with No Related Allowance Recorded: | ||||
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 2,189 | 1,929 | 2,121 | 1,720 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 6 | 5 | 13 | 10 |
Impaired Loans with an Allowance Recorded: | ||||
Impaired Loans with an Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 0 | 139 | 0 | 92 |
Total Impaired Loans Individually Reviewed for Impairment | ||||
Impaired Loans Average Recorded Investment | 2,189 | 2,068 | 2,121 | 1,812 |
Impaired Loans Interest Income Recognized | 6 | 5 | 13 | 10 |
Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | ||||
Impaired Loans with No Related Allowance Recorded: | ||||
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 1,071 | 78 | 1,127 | 104 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 1 | 0 | 1 | 0 |
Impaired Loans with an Allowance Recorded: | ||||
Impaired Loans with an Allowance Recorded Interest Income Recognized | 14 | 10 | 25 | 19 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 2,048 | 1,224 | 1,636 | 1,224 |
Total Impaired Loans Individually Reviewed for Impairment | ||||
Impaired Loans Average Recorded Investment | 2,583 | 1,302 | 2,763 | 1,328 |
Impaired Loans Interest Income Recognized | 15 | 10 | 26 | 19 |
Consumer Portfolio Segment [Member] | Residential Construction [Member] | ||||
Impaired Loans with No Related Allowance Recorded: | ||||
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 0 | 121 | 0 | 160 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 4 |
Impaired Loans with an Allowance Recorded: | ||||
Impaired Loans with an Allowance Recorded Interest Income Recognized | 3 | 0 | 7 | 0 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 232 | 121 | 238 | 81 |
Total Impaired Loans Individually Reviewed for Impairment | ||||
Impaired Loans Average Recorded Investment | 232 | 242 | 238 | 241 |
Impaired Loans Interest Income Recognized | 3 | 0 | 7 | 4 |
Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | ||||
Impaired Loans with No Related Allowance Recorded: | ||||
Impaired Loans with No Related Allowance Recorded Average Recorded Investment | 0 | 0 | 0 | 0 |
Impaired Loans with No Related Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 |
Impaired Loans with an Allowance Recorded: | ||||
Impaired Loans with an Allowance Recorded Interest Income Recognized | 0 | 0 | 0 | 0 |
Impaired Loans with an Allowance Recorded Average Recorded Investment | 0 | 0 | 0 | 0 |
Total Impaired Loans Individually Reviewed for Impairment | ||||
Impaired Loans Average Recorded Investment | 0 | 0 | 0 | 0 |
Impaired Loans Interest Income Recognized | $ 0 | $ 0 | $ 0 | $ 0 |
Note 5 - Loans and Allowance 44
Note 5 - Loans and Allowance for Loan Losses - Nonaccrual and Past Due Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Commercial: | ||
Nonaccrual loans | $ 9,373 | $ 8,819 |
Commercial Portfolio Segment [Member] | ||
Commercial: | ||
Nonaccrual loans | 4,233 | 3,688 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Commercial: | ||
Nonaccrual loans | 463 | 167 |
Commercial Portfolio Segment [Member] | CRE - Owner Occupied [Member] | ||
Commercial: | ||
Nonaccrual loans | 1,059 | 1,085 |
Commercial Portfolio Segment [Member] | CRE - Investor Income Producing [Member] | ||
Commercial: | ||
Nonaccrual loans | 2,497 | 2,193 |
Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | ||
Commercial: | ||
Nonaccrual loans | 3 | 33 |
Commercial Portfolio Segment [Member] | Other Commercial [Member] | ||
Commercial: | ||
Nonaccrual loans | 211 | 210 |
Consumer Portfolio Segment [Member] | ||
Commercial: | ||
Nonaccrual loans | 5,140 | 5,131 |
Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | ||
Commercial: | ||
Nonaccrual loans | 2,834 | 2,458 |
Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | ||
Commercial: | ||
Nonaccrual loans | 1,938 | 2,312 |
Consumer Portfolio Segment [Member] | Residential Construction [Member] | ||
Commercial: | ||
Nonaccrual loans | 222 | 242 |
Consumer Portfolio Segment [Member] | Other Loans to Individuals [Member] | ||
Commercial: | ||
Nonaccrual loans | $ 146 | $ 119 |
Note 5 - Loans and Allowance 45
Note 5 - Loans and Allowance for Loan Losses - Changes in the Accretable Yield for PCI Loans (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Accretable yield, beginning of period | $ 30,959 | $ 32,509 |
Servicing income | (1,318) | (2,985) |
Accretion to interest income | (2,687) | (2,814) |
Reclassification of nonaccretable difference due to improvement in expected cash flows | 2,699 | 1,515 |
Other changes, net | 616 | 489 |
Accretable yield, end of period | 30,269 | 30,377 |
First Capital Bancorp [Member] | ||
Addition from the First Capital acquisition | $ 0 | $ 1,663 |
Note 5 - Loans and Allowance 46
Note 5 - Loans and Allowance for Loan Losses - Troubled Debt Restructurings Outcomes (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | |
Troubled Debt Restructurings - Pre-modification Outstanding Recorded Investment | $ 0 | $ 91 | $ 0 | $ 91 | ||
Troubled Debt Restructurings - Post-modification Outstanding Recorded Investment | $ 0 | $ 91 | $ 0 | $ 91 | ||
Troubled Debt Restructurings - Number of loans | 0 | 1 | 0 | 1 | ||
Extended Maturity [Member] | ||||||
Troubled Debt Restructurings - Pre-modification Outstanding Recorded Investment | $ 0 | $ 0 | ||||
Troubled Debt Restructurings - Post-modification Outstanding Recorded Investment | $ 0 | $ 0 | ||||
Troubled Debt Restructurings - Number of loans | 0 | 0 | ||||
Extended Maturity [Member] | Commercial Portfolio Segment [Member] | ||||||
Troubled Debt Restructurings - Number of loans | 6 | |||||
Extended Maturity [Member] | Commercial Portfolio Segment [Member] | CRE - Investor Income Producing [Member] | ||||||
Troubled Debt Restructurings - Pre-modification Outstanding Recorded Investment | $ 91 | $ 91 | ||||
Troubled Debt Restructurings - Post-modification Outstanding Recorded Investment | $ 91 | $ 91 | ||||
Troubled Debt Restructurings - Number of loans | 1 | 1 | ||||
Paid in Full [Member] | ||||||
Troubled Debt Restructurings - Number of loans | 0 | 0 | ||||
Troubled Debt Restructurings - Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Paid in Full [Member] | Extended Maturity [Member] | ||||||
Troubled Debt Restructurings - Number of loans | 0 | 0 | ||||
Troubled Debt Restructurings - Recorded Investment | 0 | 0 | 0 | 0 | $ 0 | $ 0 |
Paying as Restructured [Member] | ||||||
Troubled Debt Restructurings - Number of loans | 6 | 1 | ||||
Troubled Debt Restructurings - Recorded Investment | 2,457 | 91 | 2,457 | 91 | $ 2,457 | $ 91 |
Paying as Restructured [Member] | Extended Maturity [Member] | ||||||
Troubled Debt Restructurings - Number of loans | 6 | 1 | ||||
Troubled Debt Restructurings - Recorded Investment | 2,457 | 91 | 2,457 | 91 | $ 2,457 | $ 91 |
Nonperforming Financial Instruments [Member] | ||||||
Troubled Debt Restructurings - Number of loans | ||||||
Troubled Debt Restructurings - Recorded Investment | ||||||
Nonperforming Financial Instruments [Member] | Extended Maturity [Member] | ||||||
Troubled Debt Restructurings - Number of loans | ||||||
Troubled Debt Restructurings - Recorded Investment |
Note 5 - Loans and Allowance 47
Note 5 - Loans and Allowance for Loan Losses - Loans to Directors, Executive Officers and Their Related Interests (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Beginning balance | $ 15,433 | $ 14,404 |
Disbursements | 1,544 | 2,806 |
Repayments | (1,402) | (1,777) |
Ending balance | $ 15,575 | $ 15,433 |
Note 6 - Other Real Estate Ow48
Note 6 - Other Real Estate Owned (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Other Real Estate, Foreclosed Assets, and Repossessed Assets | $ 3,200 | $ 2,400 |
Mortgage Loans in Process of Foreclosure, Amount | 1,600 | 2,100 |
Residential Real Estate [Member] | ||
Other Real Estate, Foreclosed Assets, and Repossessed Assets | $ 120 | $ 12 |
Note 6 - Other Real Estate Ow49
Note 6 - Other Real Estate Owned - Transactions in OREO - Non-covered (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Beginning balance | $ 3,167 | $ 3,425 | $ 2,438 | $ 4,211 |
Additions | 322 | 92 | 1,433 | 1,593 |
Sales | (157) | (503) | (381) | (2,666) |
Writedowns | (157) | (92) | (315) | (216) |
Ending balance | $ 3,175 | $ 2,922 | $ 3,175 | $ 2,922 |
Note 6 - Other Real Estate Ow50
Note 6 - Other Real Estate Owned - Transactions in OREO - Covered (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Beginning balance | $ 0 | $ 985 | $ 0 | $ 1,240 |
Additions | 0 | 0 | 0 | 0 |
Transfers from covered to non-covered | 0 | 0 | 0 | 0 |
Sales | 0 | (562) | 0 | (782) |
Writedowns | 0 | (43) | 0 | (78) |
Ending balance | $ 0 | $ 380 | $ 0 | $ 380 |
Note 7 - Income Taxes (Details
Note 7 - Income Taxes (Details Textual) - USD ($) $ in Millions | Jun. 30, 2017 | Dec. 31, 2016 |
Deferred Tax Assets, Net | $ 20.8 | $ 25.7 |
Note 8 - Per Share Results (Det
Note 8 - Per Share Results (Details Textual) - shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 660,431 | 310,140 | 696,939 | 310,114 |
Employee Stock Option [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1,269,428 | 1,817,103 | ||
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 516,568 | 237,650 | 520,512 | 223,547 |
Restricted Stock [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 375,056 | 961,898 | ||
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 143,863 | 72,490 | 176,427 | 86,567 |
Note 8 - Per Share Results - We
Note 8 - Per Share Results - Weighted-average Shares for Earnings Per Share Calculation (Details) - shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Basic (in shares) | 52,821,415 | 52,394,397 | 52,761,766 | 52,340,772 |
Effect of dilutive stock options and unvested restricted shares (in shares) | 660,431 | 310,140 | 696,939 | 310,114 |
Weighted-average number of common shares and dilutive potential common shares outstanding (in shares) | 53,481,846 | 52,704,537 | 53,458,705 | 52,650,886 |
Note 9 - Commitments and Cont54
Note 9 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions | Jun. 30, 2017 | Dec. 31, 2016 |
Undisbursed Lines of Credit [Member] | ||
Other Commitment | $ 705.2 | $ 758.3 |
Standby Letter of Credit Member [Member] | ||
Other Commitment | 7.3 | 8.2 |
Commercial Letters of Credit [Member] | ||
Other Commitment | $ 6.4 | $ 9.7 |
Note 10 - Derivative Financia55
Note 10 - Derivative Financial Instruments and Hedging Activities (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | |||
Jan. 31, 2016 | Dec. 31, 2013 | Jun. 30, 2017 | Dec. 31, 2016 | |
Derivative, Notional Amount | $ 555,053 | $ 461,381 | ||
Collateral Already Posted, Aggregate Fair Value | 1,100 | 1,200 | ||
Not Designated as Hedging Instrument [Member] | ||||
Derivative, Notional Amount | 499,826 | 411,230 | ||
Interest Rate Swap [Member] | ||||
Derivative, Number of Instruments Held | 3 | |||
Derivative, Notional Amount | $ 50,000 | |||
Interest Rate Swap [Member] | Other Liabilities [Member] | ||||
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | 277 | 427 | ||
Seven Year Interest Rate Swap [Member] | ||||
Derivative, Notional Amount | $ 12,500 | |||
Maximum Length of Time Hedged in Interest Rate Cash Flow Hedge | 7 years | |||
Derivative, Fixed Interest Rate | 2.341% | |||
Five Year Interest Rate Swap [Member] | ||||
Derivative, Notional Amount | $ 12,500 | |||
Maximum Length of Time Hedged in Interest Rate Cash Flow Hedge | 5 years | |||
Derivative, Fixed Interest Rate | 1.688% | |||
Two Year Forward Starting Swap [Member] | ||||
Derivative, Notional Amount | $ 25,000 | |||
Maximum Length of Time Hedged in Interest Rate Cash Flow Hedge | 2 years | |||
Derivative, Fixed Interest Rate | 3.104% | |||
Derivative Notional Amount, Terminated | $ 25,000 | |||
Derivative Terminated Amortizable Breakage Fee | $ 1,900 | |||
Derivative Terminated Amortizable Breakage Fee Amortization Period | 5 years | |||
Loan Swaps [Member] | ||||
Derivative Asset, Notional Amount | 30,200 | 25,200 | ||
Foreign Exchange Contract [Member] | ||||
Derivative, Notional Amount | 2,200 | 1,900 | ||
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | ||||
Derivative, Notional Amount | 247,800 | |||
Foreign Exchange Contract [Member] | Other Liabilities [Member] | Not Designated as Hedging Instrument [Member] | ||||
Interest Rate Derivative Liabilities, at Fair Value | 3,600 | |||
Derivative, Notional Amount | 2,151 | 1,857 | ||
Foreign Exchange Contract [Member] | Other Assets [Member] | Not Designated as Hedging Instrument [Member] | ||||
Interest Rate Derivative Assets, at Fair Value | 3,300 | |||
Derivative, Notional Amount | $ 2,151 | $ 1,857 |
Note 10 - Derivative Financia56
Note 10 - Derivative Financial Instruments and Hedging Activities - Summary of Derivative Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Estimated fair value loss | $ 4,261 | $ 3,149 |
Fair value hedges: | ||
Notional amount | 555,053 | 461,381 |
Estimated fair value gain | 3,398 | 2,290 |
Not Designated as Hedging Instrument [Member] | ||
Estimated fair value loss | 3,754 | 2,567 |
Fair value hedges: | ||
Notional amount | 499,826 | 411,230 |
Estimated fair value gain | 3,398 | 2,290 |
Foreign Exchange Contract [Member] | ||
Fair value hedges: | ||
Notional amount | 2,200 | 1,900 |
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | ||
Fair value hedges: | ||
Notional amount | 247,800 | |
Other Assets and Other Liabilities [Member] | Interest Rate Contract [Member] | Cash Flow Hedging [Member] | ||
Estimated fair value loss | 277 | 427 |
Fair value hedges: | ||
Notional amount | 25,000 | 25,000 |
Estimated fair value gain | 0 | 0 |
Other Liabilities [Member] | Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member] | ||
Estimated fair value loss | 1,664 | 313 |
Fair value hedges: | ||
Notional amount | 247,762 | 203,758 |
Estimated fair value gain | 0 | 0 |
Other Liabilities [Member] | Interest Rate Contract [Member] | Fair Value Hedging [Member] | ||
Estimated fair value loss | 230 | 155 |
Fair value hedges: | ||
Notional amount | 30,227 | 25,151 |
Estimated fair value gain | 0 | 0 |
Other Liabilities [Member] | Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | ||
Estimated fair value loss | 143 | 7 |
Fair value hedges: | ||
Notional amount | 2,151 | 1,857 |
Estimated fair value gain | 0 | 0 |
Other Assets [Member] | Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member] | ||
Estimated fair value loss | 1,947 | 2,247 |
Fair value hedges: | ||
Notional amount | 247,762 | 203,758 |
Estimated fair value gain | 3,255 | 2,283 |
Other Assets [Member] | Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | ||
Estimated fair value loss | 0 | 0 |
Fair value hedges: | ||
Notional amount | 2,151 | 1,857 |
Estimated fair value gain | $ 143 | $ 7 |
Note 10 - Derivative Financia57
Note 10 - Derivative Financial Instruments and Hedging Activities - Amounts Recognized in the Consolidated Statements of Income and Statement of Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
pre-tax gain (loss) recognized in income | $ 530 | $ (223) | $ 990 | $ (441) |
Interest Rate Contract [Member] | Other Income [Member] | Not Designated as Hedging Instrument [Member] | ||||
pre-tax gain (loss) recognized in income | 594 | (143) | 1,120 | (288) |
Interest Rate Contract [Member] | Cash Flow Hedging [Member] | Interest Expense [Member] | ||||
Pre-tax gain (loss) recognized in OCI | 21 | (475) | 150 | (1,700) |
Pre-tax gain (loss) reclassified from AOCI into income | 145 | 88 | 313 | 177 |
Cross Currency Interest Rate Contract [Member] | Fair Value Hedging [Member] | Interest Income [Member] | ||||
pre-tax gain (loss) recognized in income | $ (64) | $ (80) | $ (130) | $ (153) |
Note 11 - Accumulated Other C58
Note 11 - Accumulated Other Comprehensive Income (Loss) - Activity in Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Reclassification adjustment for net gains recognized in net income | $ (33) | $ 33 | ||
Reclassification adjustment for net gains recognized in net income | 120 | (58) | 60 | |
Total securities available for sale and transferred securities | 1,236 | 2,231 | 2,006 | 6,954 |
Total securities available for sale and transferred securities | 472 | 842 | 742 | 2,601 |
Total securities available for sale and transferred securities | 764 | 1,389 | 1,264 | 4,353 |
Change in the accumulated gain (loss) on effective cash flow hedge derivatives | 21 | (475) | 150 | (1,700) |
Change in the accumulated loss on effective cash flow hedge derivatives | 93 | (114) | 432 | 46 |
Change in the accumulated loss on effective cash flow hedge derivatives | (72) | (361) | (282) | (1,746) |
Reclassification adjustment for interest payments | 145 | 88 | 313 | 177 |
Reclassification adjustment for interest payments | (52) | (33) | (291) | 65 |
Reclassification adjustment for interest payments | 197 | 120 | 604 | 112 |
Total derivatives | 114 | (294) | 335 | (1,337) |
Total derivatives | 19 | (114) | 119 | (500) |
Total derivatives | 95 | (181) | 216 | (837) |
Total other comprehensive income | 1,350 | 1,937 | 2,341 | 5,617 |
Total other comprehensive income | 491 | 729 | 861 | 2,101 |
Total other comprehensive income | 859 | 1,208 | 1,480 | 3,516 |
Change in net unrealized gains during the period | 1,171 | 2,118 | 1,937 | 6,809 |
Change in net unrealized gains during the period | 448 | 838 | 639 | 2,504 |
Change in net unrealized gains during the period | 723 | 1,280 | 1,298 | 4,305 |
Change in net unrealized gain (loss) on securities transferred to held to maturity | 65 | 26 | 127 | 52 |
Change in net unrealized gain (loss) on securities transferred to held to maturity | 24 | 37 | 103 | 64 |
Change in net unrealized gain (loss) on securities transferred to held to maturity | 41 | (11) | 24 | (12) |
Reclassification adjustment for net (gains) losses recognized in net income | 87 | (58) | 93 | |
Terminated [Member] | ||||
Change in the accumulated gain (loss) on effective cash flow hedge derivatives | (52) | 93 | (128) | 186 |
Change in the accumulated loss on effective cash flow hedge derivatives | (22) | 33 | (22) | (611) |
Change in the accumulated loss on effective cash flow hedge derivatives | $ (30) | $ 60 | $ (106) | $ 797 |
Note 11 - Accumulated Other C59
Note 11 - Accumulated Other Comprehensive Income (Loss) - Activity in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Net other comprehensive income (loss) during the period | $ 859 | $ 1,208 | $ 1,480 | $ 3,516 |
Ending balance | 369,264 | 354,450 | 369,264 | 354,450 |
Beginning balance | 355,844 | 284,704 | ||
Transfer of securities from available for sale to held to maturity | 41 | (11) | 24 | (12) |
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | ||||
Terminated cash flow hedge derivatives | ||||
Net other comprehensive income (loss) during the period | 1,288 | 4,365 | ||
Ending balance | 4,962 | 4,929 | 4,962 | 4,929 |
Beginning balance | 3,672 | 564 | ||
Other comprehensive income (loss) before reclassifications | 1,322 | 4,293 | ||
Amounts reclassified from accumulated other comprehensive loss | (58) | 60 | ||
Transfer of securities from available for sale to held to maturity | 26 | 12 | ||
Securities Transferred from Available-for-Sale to Held-to-Maturity [Member] | ||||
Terminated cash flow hedge derivatives | ||||
Net other comprehensive income (loss) during the period | (24) | (12) | ||
Ending balance | (775) | (1,077) | (775) | (1,077) |
Beginning balance | (751) | (1,065) | ||
Other comprehensive income (loss) before reclassifications | 0 | |||
Amounts reclassified from accumulated other comprehensive loss | 0 | 0 | ||
Transfer of securities from available for sale to held to maturity | (24) | (12) | ||
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | ||||
Terminated cash flow hedge derivatives | 797 | |||
Net other comprehensive income (loss) during the period | 216 | (837) | ||
Ending balance | (5,987) | (3,199) | (5,987) | (3,199) |
Beginning balance | (6,203) | (2,362) | ||
Other comprehensive income (loss) before reclassifications | (282) | (1,746) | ||
Amounts reclassified from accumulated other comprehensive loss | 604 | 112 | ||
Transfer of securities from available for sale to held to maturity | (106) | 0 | ||
AOCI Attributable to Parent [Member] | ||||
Terminated cash flow hedge derivatives | 797 | |||
Net other comprehensive income (loss) during the period | 1,480 | 3,516 | ||
Ending balance | $ (1,800) | $ 653 | (1,800) | 653 |
Beginning balance | (3,282) | (2,863) | ||
Other comprehensive income (loss) before reclassifications | 1,040 | 2,547 | ||
Amounts reclassified from accumulated other comprehensive loss | 546 | 172 | ||
Transfer of securities from available for sale to held to maturity | $ (104) | $ 0 |
Note 12 - Fair Value Measurem60
Note 12 - Fair Value Measurements (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | |
Impairment of Real Estate | $ 315,000 | $ 216,000 | ||||||
Real Estate Acquired Through Foreclosure | $ 3,175,000 | 3,175,000 | $ 2,438,000 | |||||
OREO Impaired During Three Months Period [Member] | ||||||||
Impairment of Real Estate | $ 100,000 | 300,000 | ||||||
Real Estate Acquired Through Foreclosure | 2,100,000 | 500,000 | 2,100,000 | 500,000 | $ 2,400,000 | $ 600,000 | ||
OREO Impaired During Six Months Period [Member] | ||||||||
Impairment of Real Estate | 200 | 300,000 | ||||||
Real Estate Acquired Through Foreclosure | $ 3,000,000 | $ 3,300,000 | $ 3,000,000 | $ 3,300,000 | $ 3,200,000 | $ 3,600,000 | ||
Minimum [Member] | ||||||||
Fair Value Inputs, Discount Rate | 0.00% | |||||||
Minimum [Member] | Real Estate [Member] | ||||||||
Fair Value Inputs, Discount Rate | 8.00% | |||||||
Maximum [Member] | ||||||||
Fair Value Inputs, Discount Rate | 100.00% |
Note 12 - Fair Value Measurem61
Note 12 - Fair Value Measurements - Financial Instruments Carrying Amounts and Estimated Fair Values (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Financial assets: | ||
Investment securities available-for-sale, at fair value | $ 403,602 | $ 402,501 |
Investment securities held-to-maturity, fair value | 89,446 | 92,828 |
Financial liabilities: | ||
Short-term borrowings | 345,000 | 285,000 |
Long-term borrowings | 29,758 | 29,736 |
Subordinated debt | 33,832 | 33,501 |
Reported Value Measurement [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 91,630 | 83,614 |
Investment securities available-for-sale, at fair value | 403,602 | 402,501 |
Investment securities held-to-maturity, fair value | 87,690 | 91,752 |
Nonmarketable equity securities | 20,179 | 17,501 |
Loans held for sale | 3,102 | 7,996 |
Loans measured on a recurring basis | 2,489,418 | 2,400,061 |
Accrued interest receivable | 6,801 | 6,799 |
Derivative assets | 3,398 | 2,290 |
Financial liabilities: | ||
Short-term borrowings | 345,000 | 285,000 |
Long-term borrowings | 29,758 | 29,736 |
Subordinated debt | 33,832 | 33,501 |
Accrued interest payable | 627 | 541 |
Derivative instruments | 4,261 | 3,149 |
Reported Value Measurement [Member] | Deposits with no Stated Maturity [Member] | ||
Financial liabilities: | ||
Deposits | 1,845,526 | 1,772,680 |
Reported Value Measurement [Member] | Deposits with Stated Maturity [Member] | ||
Financial liabilities: | ||
Deposits | 691,656 | 741,072 |
Estimate of Fair Value Measurement [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 91,630 | 83,614 |
Investment securities available-for-sale, at fair value | 403,602 | 402,501 |
Investment securities held-to-maturity, fair value | 89,446 | 92,828 |
Nonmarketable equity securities | 20,179 | 17,501 |
Loans held for sale | 3,102 | 7,996 |
Loans measured on a recurring basis | 2,420,128 | 2,321,390 |
Accrued interest receivable | 6,801 | 6,799 |
Derivative assets | 3,398 | 2,290 |
Financial liabilities: | ||
Short-term borrowings | 345,000 | 285,000 |
Long-term borrowings | 29,758 | 29,736 |
Subordinated debt | 33,832 | 33,501 |
Accrued interest payable | 627 | 541 |
Derivative instruments | 4,261 | 3,149 |
Estimate of Fair Value Measurement [Member] | Deposits with no Stated Maturity [Member] | ||
Financial liabilities: | ||
Deposits | 1,845,526 | 1,772,680 |
Estimate of Fair Value Measurement [Member] | Deposits with Stated Maturity [Member] | ||
Financial liabilities: | ||
Deposits | 693,297 | 744,062 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 91,630 | 83,614 |
Investment securities available-for-sale, at fair value | 1,239 | 1,239 |
Investment securities held-to-maturity, fair value | 0 | 0 |
Nonmarketable equity securities | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans measured on a recurring basis | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Derivative assets | 0 | 0 |
Financial liabilities: | ||
Short-term borrowings | 0 | 0 |
Long-term borrowings | 0 | 0 |
Subordinated debt | 0 | 0 |
Accrued interest payable | 0 | 0 |
Derivative instruments | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Deposits with no Stated Maturity [Member] | ||
Financial liabilities: | ||
Deposits | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Deposits with Stated Maturity [Member] | ||
Financial liabilities: | ||
Deposits | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 0 | 0 |
Investment securities available-for-sale, at fair value | 401,043 | 399,942 |
Investment securities held-to-maturity, fair value | 89,446 | 92,828 |
Nonmarketable equity securities | 20,179 | 17,501 |
Loans held for sale | 3,102 | 7,996 |
Loans measured on a recurring basis | 247,762 | 27,941 |
Accrued interest receivable | 6,801 | 6,799 |
Derivative assets | 3,398 | 2,290 |
Financial liabilities: | ||
Short-term borrowings | 345,000 | 285,000 |
Long-term borrowings | 29,758 | 29,736 |
Subordinated debt | 33,832 | 33,501 |
Accrued interest payable | 627 | 541 |
Derivative instruments | 4,261 | 3,149 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Deposits with no Stated Maturity [Member] | ||
Financial liabilities: | ||
Deposits | 1,845,526 | 1,772,680 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Deposits with Stated Maturity [Member] | ||
Financial liabilities: | ||
Deposits | 693,297 | 744,062 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 0 | 0 |
Investment securities available-for-sale, at fair value | 1,320 | 1,320 |
Investment securities held-to-maturity, fair value | 0 | 0 |
Nonmarketable equity securities | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans measured on a recurring basis | 2,172,366 | 2,293,449 |
Accrued interest receivable | 0 | 0 |
Derivative assets | 0 | 0 |
Financial liabilities: | ||
Short-term borrowings | 0 | 0 |
Long-term borrowings | 0 | 0 |
Subordinated debt | 0 | 0 |
Accrued interest payable | 0 | 0 |
Derivative instruments | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Deposits with no Stated Maturity [Member] | ||
Financial liabilities: | ||
Deposits | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Deposits with Stated Maturity [Member] | ||
Financial liabilities: | ||
Deposits | $ 0 | $ 0 |
Note 12 - Fair Value Measurem62
Note 12 - Fair Value Measurements - Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Estimate of Fair Value Measurement [Member] | ||
Loans measured on a recurring basis | $ 2,420,128 | $ 2,321,390 |
Derivative assets | 3,398 | 2,290 |
Derivative liabilities | 4,261 | 3,149 |
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | ||
Loans measured on a recurring basis | 247,762 | 27,941 |
Derivative assets | 3,398 | 2,290 |
Derivative liabilities | (4,261) | (3,149) |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Estimate of Fair Value Measurement [Member] | ||
Investments measured on a recurring basis | 13,234 | 13,319 |
Fair Value, Measurements, Recurring [Member] | Residential Mortgage Backed Securities [Member] | Estimate of Fair Value Measurement [Member] | ||
Investments measured on a recurring basis | 141,996 | 192,765 |
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Obligations [Member] | Estimate of Fair Value Measurement [Member] | ||
Investments measured on a recurring basis | 162,045 | 94,410 |
Fair Value, Measurements, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | Estimate of Fair Value Measurement [Member] | ||
Investments measured on a recurring basis | 15,510 | 15,497 |
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | Estimate of Fair Value Measurement [Member] | ||
Investments measured on a recurring basis | 68,248 | 83,951 |
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | Estimate of Fair Value Measurement [Member] | ||
Investments measured on a recurring basis | 1,330 | 1,320 |
Fair Value, Measurements, Recurring [Member] | All Other Equity Securities [Member] | Estimate of Fair Value Measurement [Member] | ||
Investments measured on a recurring basis | 1,239 | 1,239 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Loans measured on a recurring basis | 0 | 0 |
Derivative assets | 0 | 0 |
Derivative liabilities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Loans measured on a recurring basis | 0 | 0 |
Derivative assets | 0 | 0 |
Derivative liabilities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Investments measured on a recurring basis | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Residential Mortgage Backed Securities [Member] | ||
Investments measured on a recurring basis | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Obligations [Member] | ||
Investments measured on a recurring basis | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | ||
Investments measured on a recurring basis | 0 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | ||
Investments measured on a recurring basis | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Investments measured on a recurring basis | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | All Other Equity Securities [Member] | ||
Investments measured on a recurring basis | 1,239 | 1,239 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Loans measured on a recurring basis | 247,762 | 27,941 |
Derivative assets | 3,398 | 2,290 |
Derivative liabilities | 4,261 | 3,149 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Loans measured on a recurring basis | 247,762 | 27,941 |
Derivative assets | 3,398 | 2,290 |
Derivative liabilities | (4,261) | (3,149) |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Investments measured on a recurring basis | 13,234 | 13,319 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Residential Mortgage Backed Securities [Member] | ||
Investments measured on a recurring basis | 141,996 | 192,765 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Obligations [Member] | ||
Investments measured on a recurring basis | 162,045 | 94,410 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | ||
Investments measured on a recurring basis | 15,510 | 15,497 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | ||
Investments measured on a recurring basis | 68,248 | 83,951 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Investments measured on a recurring basis | 10 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | All Other Equity Securities [Member] | ||
Investments measured on a recurring basis | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Loans measured on a recurring basis | 2,172,366 | 2,293,449 |
Derivative assets | 0 | 0 |
Derivative liabilities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Loans measured on a recurring basis | 0 | 0 |
Derivative assets | 0 | 0 |
Derivative liabilities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Investments measured on a recurring basis | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Residential Mortgage Backed Securities [Member] | ||
Investments measured on a recurring basis | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Obligations [Member] | ||
Investments measured on a recurring basis | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | ||
Investments measured on a recurring basis | 0 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | ||
Investments measured on a recurring basis | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Investments measured on a recurring basis | 1,320 | 1,320 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | All Other Equity Securities [Member] | ||
Investments measured on a recurring basis | $ 0 | $ 0 |
Note 12 - Fair Value Measurem63
Note 12 - Fair Value Measurements - Level 3 Assets Reconciliation (Details) - Available-for-sale Securities [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Fair value | $ 1,320 | $ 1,360 | $ 1,320 | $ 1,500 |
Change in unrealized gain recognized in other comprehensive income | (140) | |||
Fair value | $ 1,320 | $ 1,360 | $ 1,320 | $ 1,360 |
Note 12 - Fair Value Measurem64
Note 12 - Fair Value Measurements - Fair Value on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
OREO | $ 3,175 | $ 3,332 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans Receivable, Fair Value Disclosure | 460 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Loans Receivable, Fair Value Disclosure | 434 | 1,078 |
Commercial Portfolio Segment [Member] | Commercial Real Estate Investor Income Producing [Member] | ||
Loans Receivable, Fair Value Disclosure | 1,874 | 353 |
Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | ||
Loans Receivable, Fair Value Disclosure | 564 | 748 |
Commercial Portfolio Segment [Member] | Other Commercial [Member] | ||
Loans Receivable, Fair Value Disclosure | 210 | 211 |
Commercial Portfolio Segment [Member] | Residential Mortgage Loans [Member] | ||
Loans Receivable, Fair Value Disclosure | 2,161 | |
Commercial Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | ||
Loans Receivable, Fair Value Disclosure | 2,473 | |
Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | ||
Loans Receivable, Fair Value Disclosure | 2,077 | |
Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | ||
Loans Receivable, Fair Value Disclosure | 2,438 | |
Consumer Portfolio Segment [Member] | Residential Construction [Member] | ||
Loans Receivable, Fair Value Disclosure | 221 | 243 |
Fair Value, Inputs, Level 1 [Member] | ||
OREO | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | |
Fair Value, Inputs, Level 1 [Member] | Commercial Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Commercial Portfolio Segment [Member] | Commercial Real Estate Investor Income Producing [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | |
Fair Value, Inputs, Level 1 [Member] | Commercial Portfolio Segment [Member] | Other Commercial [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Commercial Portfolio Segment [Member] | Residential Mortgage Loans [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | |
Fair Value, Inputs, Level 1 [Member] | Commercial Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | |
Fair Value, Inputs, Level 1 [Member] | Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | |
Fair Value, Inputs, Level 1 [Member] | Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | |
Fair Value, Inputs, Level 1 [Member] | Consumer Portfolio Segment [Member] | Residential Construction [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
OREO | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | |
Fair Value, Inputs, Level 2 [Member] | Commercial Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Commercial Portfolio Segment [Member] | Commercial Real Estate Investor Income Producing [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | |
Fair Value, Inputs, Level 2 [Member] | Commercial Portfolio Segment [Member] | Other Commercial [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Commercial Portfolio Segment [Member] | Residential Mortgage Loans [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | |
Fair Value, Inputs, Level 2 [Member] | Commercial Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | |
Fair Value, Inputs, Level 2 [Member] | Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | |
Fair Value, Inputs, Level 2 [Member] | Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | |
Fair Value, Inputs, Level 2 [Member] | Consumer Portfolio Segment [Member] | Residential Construction [Member] | ||
Loans Receivable, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
OREO | 3,175 | 3,332 |
Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans Receivable, Fair Value Disclosure | 460 | |
Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Loans Receivable, Fair Value Disclosure | 434 | 1,078 |
Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | Commercial Real Estate Investor Income Producing [Member] | ||
Loans Receivable, Fair Value Disclosure | 1,874 | 353 |
Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | AC&D - Lots, Land, & Development [Member] | ||
Loans Receivable, Fair Value Disclosure | 564 | 748 |
Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | Other Commercial [Member] | ||
Loans Receivable, Fair Value Disclosure | 210 | 211 |
Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | Residential Mortgage Loans [Member] | ||
Loans Receivable, Fair Value Disclosure | 2,161 | |
Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | ||
Loans Receivable, Fair Value Disclosure | 2,473 | |
Fair Value, Inputs, Level 3 [Member] | Consumer Portfolio Segment [Member] | Residential Mortgage Loans [Member] | ||
Loans Receivable, Fair Value Disclosure | 2,077 | |
Fair Value, Inputs, Level 3 [Member] | Consumer Portfolio Segment [Member] | Home Equity Lines of Credit [Member] | ||
Loans Receivable, Fair Value Disclosure | 2,438 | |
Fair Value, Inputs, Level 3 [Member] | Consumer Portfolio Segment [Member] | Residential Construction [Member] | ||
Loans Receivable, Fair Value Disclosure | $ 221 | $ 243 |
Note 12 - Fair Value Measurem65
Note 12 - Fair Value Measurements - Valuation Methodology and Unobservable Inputs for Level 3 Assets (Details) $ in Thousands | 6 Months Ended |
Jun. 30, 2017USD ($) | |
Fair Value | $ 11,572 |
Minimum [Member] | |
Range of Inputs | 0.00% |
Maximum [Member] | |
Range of Inputs | 100.00% |
Real Estate [Member] | Minimum [Member] | |
Range of Inputs | 8.00% |
Real Estate [Member] | Appraisals [Member] | |
Fair Value | $ 3,175 |
Real Estate [Member] | Appraisals [Member] | Minimum [Member] | |
Range of Inputs | 0.00% |
Real Estate [Member] | Appraisals [Member] | Maximum [Member] | |
Range of Inputs | 30.00% |
Real Estate [Member] | Appraisals [Member] | Weighted Average [Member] | |
Range of Inputs | 5.22% |
Impaired Loans [Member] | Collateral Based Measurements [Member] | |
Fair Value | $ 8,397 |
Impaired Loans [Member] | Collateral Based Measurements [Member] | Minimum [Member] | |
Range of Inputs | 0.00% |
Impaired Loans [Member] | Collateral Based Measurements [Member] | Maximum [Member] | |
Range of Inputs | 60.00% |
Impaired Loans [Member] | Collateral Based Measurements [Member] | Weighted Average [Member] | |
Range of Inputs | 7.39% |
Note 13 - Shareholders' Equit66
Note 13 - Shareholders' Equity (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 164,994 | 236,534 | ||
Stock Issued During Period, Shares, New Issues | 1,400 | 1,300 | ||
Stock Repurchased During Period, Shares | 82,600 | 248,349 | ||
Shares Paid for Tax Withholding for Share Based Compensation | 44,806 | 123,826 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 448,974 | 448,974 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 3,500,000 | $ 3,500,000 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years 277 days | |||
Employee Stock Option [Member] | ||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | 0 | $ 0 | ||
Allocated Share-based Compensation Expense | 0 | $ 0 | 23,000 | $ 13,000 |
Restricted Stock [Member] | ||||
Allocated Share-based Compensation Expense | $ 449,000 | $ 387,000 | $ 797,000 | $ 670,000 |
Note 13 - Shareholders' Equit67
Note 13 - Shareholders' Equity - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2017 | Dec. 31, 2016 | |
Employee Stock Option [Member] | ||
Balance (in shares) | 1,405,515 | |
Balance (in dollars per share) | $ 7.25 | |
Balance (Year) | 2 years 277 days | 3 years 65 days |
Balance | $ 5,942,119 | $ 5,412,428 |
Options exercised (in shares) | (136,056) | |
Options exercised (in dollars per share) | $ 5.80 | |
Options exercised (Year) | ||
Expired and forfeited (in shares) | ||
Expired and forfeited (in dollars per share) | ||
Exercisable at June 30, 2017 (in shares) | 1,269,459 | |
Balance (in shares) | 1,269,459 | 1,405,515 |
Balance (in dollars per share) | $ 7.40 | $ 7.25 |
Restricted Stock [Member] | ||
Balance (in dollars per share) | $ 5.02 | |
Balance | $ 4,377,846 | |
Balance (in shares) | 405,732 | |
Restricted shares granted (in shares) | 164,994 | |
Restricted shares granted (in dollars per share) | $ 12.01 | |
Restricted shares granted | ||
Balance | $ 4,447,787 | $ 4,377,846 |
Restricted shares vested (in shares) | (184,103) | |
Restricted shares vested (in dollars per share) | $ 6.93 | |
Restricted shares vested | ||
Expired and forfeited (in shares) | (11,567) | |
Expired and forfeited (in dollars per share) | $ 9.22 | |
Balance (in dollars per share) | $ 9.21 | $ 5.02 |
Balance (in shares) | 375,056 | 405,732 |
Expired and forfeited |
Note 14 - Subsequent Events (De
Note 14 - Subsequent Events (Details Textual) - $ / shares | Jul. 26, 2017 | Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 |
Common Stock, Dividends, Per Share, Declared | $ 0.04 | $ 0.03 | $ 0.08 | $ 0.06 | |
Subsequent Event [Member] | |||||
Common Stock, Dividends, Per Share, Declared | $ 0.04 | ||||
Dividends Payable, Date to be Paid | Aug. 25, 2017 | ||||
Dividends Payable, Date of Record | Aug. 9, 2017 |