Cover Page
Cover Page - shares | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2020 | Jun. 30, 2020 | Aug. 06, 2020 | |
Cover [Abstract] | |||
Document Type | 10-Q | ||
Document Quarterly Report | true | ||
Document Period End Date | Jun. 30, 2020 | ||
Document Transition Report | false | ||
Entity File Number | 000-10661 | ||
Entity Registrant Name | TriCo Bancshares | ||
Entity Incorporation, State or Country Code | CA | ||
Entity Tax Identification Number | 94-2792841 | ||
Entity Address, Address Line One | 63 Constitution Drive | ||
Entity Address, City or Town | Chico | ||
Entity Address, State or Province | CA | ||
Entity Address, Postal Zip Code | 95973 | ||
City Area Code | 530 | ||
Local Phone Number | 898-0300 | ||
Title of 12(b) Security | Common Stock | ||
Trading Symbol | TCBK | ||
Security Exchange Name | NASDAQ | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Common Stock, Shares Outstanding | 29,759,209 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2020 | ||
Document Fiscal Period Focus | Q2 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Central Index Key | 0000356171 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Assets: | ||
Cash and due from banks | $ 78,666 | $ 92,816 |
Cash at Federal Reserve and other banks | 627,186 | 183,691 |
Cash and cash equivalents | 705,852 | 276,507 |
Investment securities: | ||
Marketable equity securities | 3,033 | 2,960 |
Available for sale debt securities, net of allowance for credit losses of $— | 996,280 | 950,138 |
Held to maturity debt securities, net of allowance for credit losses of $— | 337,165 | 375,606 |
Restricted equity securities | 17,250 | 17,250 |
Loans held for sale | 8,352 | 5,265 |
Loans | 4,801,405 | 4,307,366 |
Allowance for credit losses | (79,739) | (30,616) |
Total loans, net | 4,721,666 | 4,276,750 |
Premises and equipment, net | 85,292 | 87,086 |
Cash value of life insurance | 119,254 | 117,823 |
Accrued interest receivable | 20,337 | 18,897 |
Goodwill | 220,872 | 220,872 |
Other intangible assets, net | 20,694 | 23,557 |
Operating leases, right-of-use | 29,842 | 27,879 |
Other assets | 74,182 | 70,591 |
Total assets | 7,360,071 | 6,471,181 |
Deposits: | ||
Noninterest-bearing demand | 2,487,120 | 1,832,665 |
Interest-bearing | 3,761,138 | 3,534,329 |
Total deposits | 6,248,258 | 5,366,994 |
Accrued interest payable | 1,734 | 2,407 |
Operating lease liability | 29,743 | 27,540 |
Other liabilities | 98,684 | 91,984 |
Other borrowings | 38,544 | 18,454 |
Junior subordinated debt | 57,422 | 57,232 |
Total liabilities | 6,474,385 | 5,564,611 |
Commitments and contingencies (Note 7) | ||
Shareholders’ equity: | ||
Preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at June 30, 2020 and December 31, 2019 | 0 | 0 |
Common stock, no par value: 50,000,000 shares authorized; 29,759,209 and 30,523,824 issued and outstanding at June 30, 2020 and December 31, 2019, respectively | 530,422 | 543,998 |
Retained earnings | 354,645 | 367,794 |
Accumulated other comprehensive income (loss), net of tax | 619 | (5,222) |
Total shareholders’ equity | 885,686 | 906,570 |
Total liabilities and shareholders’ equity | $ 7,360,071 | $ 6,471,181 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Statement of Financial Position [Abstract] | ||
Available-for-sale, allowance for credit loss | $ 0 | |
Held-to-maturity, allowance for credit loss | $ 0 | |
Preferred stock, no par value (in USD per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, no par value (in USD per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 50,000,000 | 50,000,000 |
Common stock, shares issued (in shares) | 29,759,209 | 30,523,824 |
Common stock, shares outstanding (in shares) | 29,759,209 | 30,523,824 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Interest and dividend income: | ||||
Loans, including fees | $ 58,409 | $ 55,491 | $ 114,667 | $ 109,889 |
Investments: | ||||
Taxable securities | 7,466 | 10,457 | 15,677 | 21,012 |
Tax exempt securities | 952 | 1,061 | 1,856 | 2,134 |
Dividends | 223 | 305 | 584 | 665 |
Interest bearing cash at Federal Reserve and other banks | 98 | 866 | 881 | 1,937 |
Total interest and dividend income | 67,148 | 68,180 | 133,665 | 135,637 |
Interest expense: | ||||
Deposits | 1,813 | 2,999 | 4,364 | 5,718 |
Other borrowings | 4 | 37 | 9 | 50 |
Junior subordinated debt | 672 | 829 | 1,441 | 1,684 |
Total interest expense | 2,489 | 3,865 | 5,814 | 7,452 |
Net interest income | 64,659 | 64,315 | 127,851 | 128,185 |
Provision for (reversal of) credit losses | 22,089 | 537 | 30,089 | (1,063) |
Net interest income after credit loss provision (reversal) | 42,570 | 63,778 | 97,762 | 129,248 |
Non-interest income: | ||||
Service charges and fees | 8,168 | 10,128 | 17,294 | 19,198 |
Gain on sale of loans | 1,736 | 575 | 2,627 | 987 |
Gain on sale of investment securities | 0 | 0 | 0 | 0 |
Asset management and commission income | 661 | 739 | 1,577 | 1,381 |
Increase in cash value of life insurance | 710 | 746 | 1,430 | 1,521 |
Other | 382 | 1,235 | 549 | 2,139 |
Total non-interest income | 11,657 | 13,423 | 23,477 | 25,226 |
Non-interest expense: | ||||
Salaries and related benefits | 27,055 | 26,719 | 54,327 | 51,847 |
Other | 18,650 | 19,978 | 36,197 | 40,302 |
Total non-interest expense | 45,705 | 46,697 | 90,524 | 92,149 |
Income before provision for income taxes | 8,522 | 30,504 | 30,715 | 62,325 |
Provision for income taxes | 1,092 | 7,443 | 7,164 | 16,538 |
Net income | $ 7,430 | $ 23,061 | $ 23,551 | $ 45,787 |
Per share data: | ||||
Basic earnings per share (in USD per share) | $ 0.25 | $ 0.76 | $ 0.78 | $ 1.50 |
Diluted earnings per share (in USD per share) | 0.25 | 0.75 | 0.78 | 1.49 |
Dividend per share (in USD per share) | $ 0.22 | $ 0.19 | $ 0.44 | $ 0.38 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 7,430 | $ 23,061 | $ 23,551 | $ 45,787 |
Other comprehensive income, net of tax: | ||||
Unrealized gains on available for sale securities arising during the period | 24,625 | 6,729 | 3,803 | 15,681 |
Change in minimum pension liability | 1,126 | 0 | 2,038 | 0 |
Other comprehensive income | 25,751 | 6,729 | 5,841 | 15,681 |
Comprehensive income (loss) | $ 33,181 | $ 29,790 | $ 29,392 | $ 61,468 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Changes In Shareholders' Equity - USD ($) $ in Thousands | Total | Common Stock | Retained Earnings | Accumulated Other Comprehensive Income (Loss) |
Beginning balance at Dec. 31, 2018 | $ 827,373 | $ 541,762 | $ 303,490 | $ (17,879) |
Beginning balance (in shares) at Dec. 31, 2018 | 30,417,223 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||
Net income | 45,787 | 45,787 | ||
Other comprehensive income | 15,681 | 15,681 | ||
Stock options exercised | 2,500 | $ 2,500 | ||
Stock options exercised (in shares) | 157,000 | |||
RSU vesting | 567 | $ 567 | ||
PSU vesting | 248 | $ 248 | ||
RSUs released (in shares) | 26,211 | |||
PSUs released (in shares) | 22,237 | |||
Repurchase of common stock | (4,695) | $ (2,138) | (2,557) | |
Repurchase of common stock (in shares) | (119,914) | |||
Dividends paid | (11,575) | (11,575) | ||
Ending balance at Jun. 30, 2019 | 875,886 | $ 542,939 | 335,145 | (2,198) |
Ending balance (in shares) at Jun. 30, 2019 | 30,502,757 | |||
Beginning balance at Mar. 31, 2019 | 853,278 | $ 542,340 | 319,865 | (8,927) |
Beginning balance (in shares) at Mar. 31, 2019 | 30,432,419 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||
Net income | 23,061 | 23,061 | ||
Other comprehensive income | 6,729 | 6,729 | ||
Stock options exercised | 1,853 | $ 1,853 | ||
Stock options exercised (in shares) | 116,000 | |||
RSU vesting | 289 | $ 289 | ||
PSU vesting | 129 | $ 129 | ||
RSUs released (in shares) | 25,856 | |||
PSUs released (in shares) | 22,237 | |||
Repurchase of common stock | (3,660) | $ (1,672) | (1,988) | |
Repurchase of common stock (in shares) | (93,755) | |||
Dividends paid | (5,793) | (5,793) | ||
Ending balance at Jun. 30, 2019 | 875,886 | $ 542,939 | 335,145 | (2,198) |
Ending balance (in shares) at Jun. 30, 2019 | 30,502,757 | |||
Beginning balance at Dec. 31, 2019 | $ 906,570 | $ 543,998 | 367,794 | (5,222) |
Beginning balance (in shares) at Dec. 31, 2019 | 30,523,824 | 30,523,824 | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||
Net income | $ 23,551 | 23,551 | ||
Other comprehensive income | 5,841 | 5,841 | ||
Stock options exercised | $ 288 | $ 288 | ||
Stock options exercised (in shares) | 16,000 | 16,000 | ||
RSU vesting | $ 635 | $ 635 | ||
PSU vesting | 296 | $ 296 | ||
RSUs released (in shares) | 29,089 | |||
PSUs released (in shares) | 20,265 | |||
Repurchase of common stock | (25,304) | $ (14,795) | (10,509) | |
Repurchase of common stock (in shares) | (829,969) | |||
Dividends paid | (13,208) | (13,208) | ||
Ending balance at Jun. 30, 2020 | $ 885,686 | $ 530,422 | 354,645 | 619 |
Ending balance (in shares) at Jun. 30, 2020 | 29,759,209 | 29,759,209 | ||
Beginning balance at Mar. 31, 2020 | $ 866,426 | $ 534,623 | 356,935 | (25,132) |
Beginning balance (in shares) at Mar. 31, 2020 | 29,973,516 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||
Net income | 7,430 | 7,430 | ||
Other comprehensive income | 25,751 | 25,751 | ||
Stock options exercised | 140 | $ 140 | ||
Stock options exercised (in shares) | 8,000 | |||
RSU vesting | 338 | $ 338 | ||
PSU vesting | 154 | $ 154 | ||
RSUs released (in shares) | 28,727 | |||
PSUs released (in shares) | 20,265 | |||
Repurchase of common stock | (8,009) | $ (4,833) | (3,176) | |
Repurchase of common stock (in shares) | (271,299) | |||
Dividends paid | (6,544) | (6,544) | ||
Ending balance at Jun. 30, 2020 | $ 885,686 | $ 530,422 | $ 354,645 | $ 619 |
Ending balance (in shares) at Jun. 30, 2020 | 29,759,209 | 29,759,209 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Changes In Shareholders' Equity (Parenthetical) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Common Stock | ||||
Dividends paid, per share (in USD per share) | $ 0.22 | $ 0.19 | $ 0.44 | $ 0.38 |
Condensed Consolidated Statem_5
Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2020 | Jun. 30, 2019 | |
Operating activities: | ||
Net income | $ 23,551 | $ 45,787 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation of premises and equipment, and amortization | 3,193 | 3,582 |
Amortization of intangible assets | 2,862 | 2,862 |
Provision for (reversal of) credit losses | 30,089 | (1,063) |
Amortization of investment securities premium, net | 1,054 | 1,186 |
Originations of loans for resale | (84,872) | (46,936) |
Proceeds from sale of loans originated for resale | 83,867 | 45,407 |
Gain on sale of loans | (2,627) | (987) |
Change in market value of mortgage servicing rights | 2,494 | 1,197 |
Provision for losses on foreclosed assets | 106 | 62 |
Gain on transfer of loans to foreclosed assets | 0 | (97) |
Gain on sale of foreclosed assets | (57) | (198) |
Operating lease expense payments | (2,480) | (2,447) |
Loss on disposal of fixed assets | 15 | 80 |
Increase in cash value of life insurance | (1,430) | (1,521) |
Gain on life insurance death benefit | 0 | (728) |
Gain on marketable equity securities | (72) | (78) |
Equity compensation vesting expense | 931 | 815 |
Change in: | ||
Interest receivable | (1,440) | (1,578) |
Interest payable | (673) | 668 |
Amortization of operating lease ROUA | 2,720 | 2,326 |
Other assets and liabilities, net | 6,474 | (14,470) |
Net cash from operating activities | 63,705 | 33,869 |
Investing activities: | ||
Proceeds from maturities of securities available for sale | 60,637 | 39,845 |
Proceeds from maturities of securities held to maturity | 37,905 | 31,938 |
Purchases of securities available for sale | (101,899) | (37,253) |
Loan origination and principal collections, net | (493,437) | (80,440) |
Proceeds from sale of other real estate owned | 570 | 1,082 |
Proceeds from sale of premises and equipment | 0 | 11 |
Purchases of premises and equipment | (1,266) | (2,586) |
Net cash used by investing activities | (497,490) | (47,403) |
Financing activities: | ||
Net change in deposits | 881,264 | (24,293) |
Net change in other borrowings | 20,090 | (2,547) |
Repurchase of common stock, net of option exercises | (25,164) | 0 |
Dividends paid | (13,208) | (11,575) |
Exercise of stock options | 148 | 0 |
Net cash (used by) from financing activities | 863,130 | (38,415) |
Net change in cash and cash equivalents | 429,345 | (51,949) |
Cash and cash equivalents, beginning of period | 276,507 | 227,533 |
Cash and cash equivalents, end of period | 705,852 | 175,584 |
Supplemental disclosure of noncash activities: | ||
Unrealized gain on securities available for sale | 5,398 | 22,263 |
Market value of shares tendered in-lieu of cash to pay for exercise of options and/or related taxes | 494 | 4,695 |
Obligations incurred in conjunction with leased assets | 4,068 | 156 |
Loans transferred to foreclosed assets | 0 | 116 |
Supplemental disclosure of cash flow activity: | ||
Cash paid for interest expense | 6,487 | 6,982 |
Cash paid for income taxes | $ 0 | $ 22,000 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2020 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies Description of Business and Basis of Presentation TriCo Bancshares (the “Company” or “we”) is a California corporation organized to act as a bank holding company for Tri Counties Bank (the “Bank”). The Company and the Bank are headquartered in Chico, California. The Bank is a California-chartered bank that is engaged in the general commercial banking business in 29 California counties. The Company has five capital subsidiary business trusts (collectively, the “Capital Trusts”) that issued trust preferred securities, including two organized by the Company and three acquired with the acquisition of North Valley Bancorp. The consolidated financial statements are prepared in accordance with accounting policies generally accepted in the United States of America and general practices in the banking industry. All adjustments necessary for a fair presentation of these consolidated financial statements have been included and are of a normal and recurring nature. The financial statements include the accounts of the Company. All inter-company accounts and transactions have been eliminated in consolidation. For financial reporting purposes, the Company’s investments in the Capital Trusts of $1,761,000 are accounted for under the equity method and, accordingly, are not consolidated and are included in other assets on the consolidated balance sheet. The subordinated debentures issued and guaranteed by the Company and held by the Capital Trusts are reflected as debt on the Company’s consolidated balance sheet. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 (the “2019 Annual Report”). The Company believes that the disclosures made are adequate to make the information not misleading. Segment and Significant Group Concentration of Credit Risk The Company grants agribusiness, commercial, consumer, and residential loans to customers located throughout northern and central California. The Company has a diversified loan portfolio within the business segments located in this geographical area. The Company currently classifies all its operation into one business segment that it denotes as community banking. Geographical Descriptions For the purpose of describing the geographical location of the Company’s operations, the Company has defined northern California as that area of California north of, and including, Stockton to the east and San Jose to the west; central California as that area of the state south of Stockton and San Jose, to and including, Bakersfield to the east and San Luis Obispo to the west; and southern California as that area of the state south of Bakersfield and San Luis Obispo. Reclassification Some items in the prior year consolidated financial statements were reclassified to conform to the current presentation. Reclassifications had no effect on prior year net income or shareholders’ equity. Cash and Cash Equivalents Net cash flows are reported for loan and deposit transactions and other borrowings. For purposes of the consolidated statement of cash flows, cash, due from banks with original maturities less than 90 days, interest-earning deposits in other banks, and Federal funds sold are considered to be cash equivalents. Allowance for Credit Losses - Held to Maturity Securities The Company measures expected credit losses on held-to-maturity debt securities on a collective basis by major security type, then further disaggregated by sector and bond rating. Accrued interest receivable on held-to-maturity (HTM) debt securities totaled $860,000 at June 30, 2020 and is excluded from the estimate of credit losses. The estimate of expected credit losses considers historical credit loss information that is adjusted for current condition and reasonable and supportable forecasts based on current and expected changes in credit ratings and default rates. Based on the implied guarantees of the U. S. Government or its agencies related to certain of these investment securities, and the absence of any historical or expected losses, substantially all qualify for a zero loss assumption. Management has separately evaluated its HTM investment securities from obligations of state and political subdivisions utilizing the historical loss data represented by similar securities over a period of time spanning nearly 50 years. As a result of this evaluation, management determined that the expected credit losses associated with these securities is not significant for financial reporting purposes and therefore, no allowance for credit losses has been recognized. Loans Loans that management has the intent and ability to hold until maturity or payoff are reported at principle amount outstanding, net of deferred loan fees and costs. Loans are placed in nonaccrual status when reasonable doubt exists as to the full, timely collection of interest or principal, or a loan becomes contractually past due by 90 days or more with respect to interest or principal and is not well secured and in the process of collection. When a loan is placed on nonaccrual status, all interest previously accrued but not collected is reversed against interest income. Income on such loans is then recognized only to the extent that cash is received and where the future collection of principal is considered probable. Interest accruals are resumed on such loans only when they are brought fully current with respect to interest and principal and when, in the judgment of Management, the loan is estimated to be fully collectible as to both principal and interest. Accrued interest receivable is not included in the calculation of the allowance for credit losses. Allowance for Credit Losses - Loans The allowance for credit losses (ACL) is a valuation account that is deducted from the loan's amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the allowance when management believes the recorded loan balance is confirmed as uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Regardless of the determination that a charge-off is appropriate for financial accounting purposes, the Company manages its loan portfolio by continually monitoring, where possible, a borrower's ability to pay through the collection of financial information, delinquency status, borrower discussion and the encouragement to repay in accordance with the original contract or modified terms, if appropriate. Management estimates the allowance balance using relevant information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. The allowance for credit losses is measured on a collective (pool) basis when similar risk characteristics exist. Historical credit loss experience provides the basis for the estimation of expected credit losses, which captures loan balances as of a point in time to form a cohort, then tracks the respective losses generated by that cohort of loans over the remaining life. The Company identified and accumulated loan cohort historical loss data beginning with the fourth quarter of 2008 and through the current period. In situations where the Company's actual loss history was not statistically relevant, the loss history of peers, defined as financial institutions with assets greater than three billion and less than ten billion, were utilized to create a minimum loss rate. Adjustments to historical loss information are made for differences in relevant current loan-specific risk characteristics, such as historical timing of losses relative to the loan origination. In its loss forecasting framework, the Company incorporates forward-looking information through the use of macroeconomic scenarios applied over the forecasted life of the assets. These macroeconomic scenarios incorporate variables that have historically been key drivers of increases and decreases in credit losses. These variables include, but are not limited to changes in environmental conditions, such as California unemployment rates, household debt levels and U.S. gross domestic product. A loan is considered to be collateral dependent when repayment is expected to be provided substantially through the operation or sale of the collateral. The ACL on collateral dependent loans is measured using the fair value of the underlying collateral, adjusted for costs to sell when applicable, less the amortized cost basis of the financial asset. If the value of underlying collateral is determined to be less than the recorded amount of the loan, a charge-off will be taken. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, is considered to be a troubled debt restructuring (TDR). The ACL on a TDR is measured using the same method as all other portfolio loans, except when the value of a concession cannot be measured using a method other than the discounted cash flow method. When the value of a concession is measured using the discounted cash flow method, the ACL is determined by discounting the expected future cash flows at the original interest rate of the loan. The Company has identified the following portfolio segments to evaluate and measure the allowance for credit loss: Commercial real estate : Commercial real estate - Non-owner occupied: These commercial properties typically consist of buildings which are leased to others for their use and rely on rents as the primary source of repayment. Property types are predominantly office, retail, or light industrial but the portfolio also has some special use properties. As such, the risk of loss associated with these properties is primarily driven by general economic changes or changes in regional economies and the impact of such on a tenant’s ability to pay. Ultimately this can affect occupancy, rental rates, or both. Additional risk of loss can come from new construction resulting in oversupply, the costs to hold or operate the property, or changes in interest rates. The terms on these loans at origination typically have maturities from five fifteen Commercial real estate - Owner occupied: These credits are primarily susceptible to changes in the financial condition of the business operated by the property owner. This may be driven by changes in, among other things, industry challenges, factors unique to the operating geography of the borrower, change in the individual fortunes of the business owner, general economic conditions and changes in business cycles. When default is driven by issues related specifically to the business owner, collateral values tend to provide better repayment support and may result in little or no loss. Alternatively, when default is driven more by general economic conditions, the underlying collateral may have devalued more and thus result in larger losses in the event of default. The terms on these loans at origination typically have maturities from five fifteen Multifamily: These commercial properties are generally comprised of more than four rentable units, such as apartment buildings, with each unit intended to be occupied as the primary residence for one or more persons. Multifamily properties are also subject to changes in general or regional economic conditions, such as unemployment, ultimately resulting in increased vacancy rates or reduced rents or both. In addition, new construction can create an oversupply condition and market competition resulting in increased vacancy, reduced market rents, or both. Due to the nature of their use and the greater likelihood of tenant turnover, the management of these properties is more intensive and therefore is more critical to the preclusion of loss. Farmland: While the Company has few loans that were originated for the purpose of the acquisition of these commercial properties, loans secured by farmland represent unique risks that are associated with the operation of an agricultural businesses. The valuation of farmland can vary greatly over time based on the property's access to resources including but not limited to water, crop prices, foreign exchange rates, government regulation or restrictions, and the nature of ongoing capital investment needed to maintain the quality of the property. Loans secured by farmland typically represent less risk to the Company than other agriculture loans as the real estate typically provides greater support in the event of default or need for longer term repayment. Consumer loans : SFR 1-4 1st DT Liens: The most significant drivers of potential loss within the Company's residential real estate portfolio relate general, regional, or individual changes in economic conditions and their effect on employment and borrowers cash flow. Risk in this portfolio is best measured by changes in borrower credit score and loan-to-value. Loss estimates are based on the general movement in credit score, economic outlook and its effects on employment and the value of homes and the Bank’s historical loss experience adjusted to reflect the economic outlook and the unemployment rate. SFR HELOCs and Junior Liens: Similar to residential real estate term loans, HELOCs and junior liens performance is also primarily driven by borrower cash flows based on employment status. However, HELOCs carry additional risks associated with the fact that most of these loans are secured by a deed of trust in a position that is junior to the primary lien holder. Furthermore, the risk that as the borrower's financial strength deteriorates, the outstanding balance on these credit lines may increase as they may only be canceled by the Company if certain limited criteria are met. In addition to the allowance for credit losses maintained as a percent of the outstanding loan balance, the Company maintains additional reserves for the unfunded portion of the HELOC. Other: The majority of consumer loans are secured by automobiles, with the remainder primarily unsecured revolving debt (credit cards). These loans are susceptible to three primary risks; non-payment due to income loss, over-extension of credit and, when the borrower is unable to pay, shortfall in collateral value, if any. Typically non-payment is due to loss of job and will follow general economic trends in the marketplace driven primarily by rises in the unemployment rate. Loss of collateral value can be due to market demand shifts, damage to collateral itself or a combination of those factors. Credit card loans are unsecured and while collection efforts are pursued in the event of default, there is typically limited opportunity for recovery. Loss estimates are based on the general movement in credit score, economic outlook and its effects on employment and the Bank’s historical loss experience adjusted to reflect the economic outlook and the unemployment rate. Commercial and Industrial: Repayment of these loans is primarily based on the cash flow of the borrower, and secondarily on the underlying collateral provided by the borrower. A borrower's cash flow may be unpredictable, and collateral securing these loans may fluctuate in value. Most often, collateral includes accounts receivable, inventory, or equipment. Collateral securing these loans may depreciate over time, may be difficult to appraise, may be illiquid and may fluctuate in value based on the success of the business. Actual and forecast changes in gross domestic product are believed to be corollary to losses associated with these credits. Construction : While secured by real estate, construction loans represent a greater level of risk than term real estate loans due to the nature of the additional risks associated with the not only the completion of construction within an estimated time period and budget, but also the need to either sell the building or reach a level of stabilized occupancy sufficient to generate the cash flows necessary to support debt service and operating costs. The Company seeks to mitigate the additional risks associated with construction lending by requiring borrowers to comply with lower loan to value ratios and additional covenants as well as strong tertiary support of guarantors. The loss forecasting model applies the historical rate of loss for similar loans over the expected life of the asset as adjusted for macroeconomic factors. Agriculture Production: Repayment of agricultural loans is dependent upon successful operation of the agricultural business, which is greatly impacted by factors outside the control of the borrower. These factors include adverse weather conditions, including access to water, that may impact crop yields, loss of livestock due to disease or other factors, declines in market prices for agriculture products, changes in foreign exchange, and the impact of government regulations. In addition, many farms are dependent on a limited number of key individuals whose injury or death may significantly affect the successful operation of the business. Consequently, agricultural production loans may involve a greater degree of risk than other types of loans. Leases: The loss forecasting model applies the historical rate of loss for similar loans over the expected life of the asset. Leases typically represent an elevated level of credit risk as compared to loans secured by real estate as the collateral for leases is often subject to a more rapid rate of depreciation or depletion. The ultimate severity of loss is impacted by the type of collateral securing the exposure, the size of the exposure, the borrower’s industry sector, any guarantors and the geographic market. Assumptions of expected loss are conditioned to the economic outlook and the other variables discussed above. Unfunded commitments : The estimated credit losses associated with these unfunded lending commitments is calculated using the same models and methodologies noted above and incorporate utilization assumptions at time of default. The reserve for unfunded commitments is maintained on the consolidated balance sheet in other liabilities. Accounting Standards Adopted in 2020 On January 1, 2020, the Company adopted ASU 2016-03 Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which replaces the incurred loss methodology that is referred to as the current expected credit loss (CECL) methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized costs, including loan receivables and held-to-maturity debt securities. It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in certain leases. In addition, ASC 326 made changes to the accounting for available for sale debt securities. One such change is to require increases or decreases in credit losses be presented as an allowance rather than as a write-down on available for sale debt securities, based on management's intent to sell the security or likelihood the Company will be required to sell the security, before recovery of the amortized cost basis. The Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for the reporting periods beginning after January 1, 2020 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The Company adopted ASC 326 using the prospective transition approach for financial assets purchased with credit deterioration (PCD) that were previously classified as purchase credit impaired (PCI) and accounted for under ASC 310-30. In accordance with ASC 326, management did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. The remaining noncredit discount (based on the adjusted amortized costs basis) will be accreted into interest income at the effective interest rate as of adoption. The Company recognized an increase in the ACL for loans totaling $18,913,000, including a reclassification of $481,000 from discounts on acquired loans to the allowance for credit losses, as a cumulative effect adjustment from change in accounting policies, with a corresponding decrease in retained earnings, net of $5,449,000 in taxes of $12,983,000. Management has separately evaluated its held-to-maturity investment securities from obligations of state and political subdivisions and determined that no loss reserves were required. On January 1, 2020 the Company adopted ASU 2017-04, Intangibles—Goodwill and Other: Simplifying the Test for Goodwill Impairment (Topic 350), which eliminates step two of the goodwill impairment test (the hypothetical purchase price allocation used to determine the implied fair value of goodwill) when step one (determining if the carrying value of a reporting unit exceeds its fair value) is failed. Instead, entities simply will compare the fair value of a reporting unit to its carrying amount and record goodwill impairment for the amount by which the reporting unit’s carrying amount exceeds its fair value. There was no goodwill impairment recorded during the three and six month periods ended June 30, 2020. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted in response to the Coronavirus Disease 2019 (COVID-19) pandemic. The CARES Act provides optional temporary relief from troubled debt restructuring and impairment accounting requirements for loan modifications related to the COVID-19 pandemic made during the period from March 1, 2020 to the earlier of December 31, 2020 or 60 days after the national emergency concerning COVID-19 declared by the President terminates. Following the passage of the CARES Act legislation, the "Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus" was issued by federal bank regulators, which similarly offers temporary relief from troubled debt restructuring accounting for loan payment deferrals for certain customers whose businesses are experiencing economic hardship due to Coronavirus. The Interagency Statement requires the modification event to be short-term and COVID-19 related, requiring the borrower be not more than 30 days past due as of the date the modification program was implemented, and allowing Management to apply judgement as when the modification program terminates. The ability to suspend TDR accounting under either program does not apply to any adverse impact on the credit of a borrower that is not related to the COVID-19 pandemic. Accounting Standards Pending Adoption FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The guidance also promotes consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. ASU No. 2019-12 will be effective for the Company beginning January 1, 2021 and is not expected to have a significant impact on the Company’s consolidated financial statements. FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. |
Investment Securities
Investment Securities | 6 Months Ended |
Jun. 30, 2020 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment Securities | Investment Securities The amortized cost, estimated fair values and allowance for credit losses of investments in debt securities are summarized in the following tables: June 30, 2020 (in thousands) Amortized Gross Gross Allowance for Credit Losses Estimated Debt Securities Available for Sale Obligations of U.S. government agencies $ 414,494 $ 20,320 $ — $ — $ 434,814 Obligations of states and political subdivisions 104,811 4,835 — — 109,646 Corporate bonds 2,444 126 — — 2,570 Asset backed securities 465,746 37 (16,533) — 449,250 Total debt securities available for sale $ 987,495 $ 25,318 $ (16,533) $ — $ 996,280 June 30, 2020 (in thousands) Amortized Gross Gross Estimated Allowance for Credit Losses Debt Securities Held to Maturity Obligations of U.S. government agencies $ 324,976 $ 16,596 $ — $ 341,572 $ — Obligations of states and political subdivisions 12,189 418 — 12,607 — Total debt securities held to maturity $ 337,165 $ 17,014 $ — $ 354,179 $ — December 31, 2019 (in thousands) Amortized Gross Gross Estimated Debt Securities Available for Sale Obligations of U.S. government agencies $ 466,139 $ 7,261 $ (420) $ 472,980 Obligations of states and political subdivisions 106,373 3,229 (1) 109,601 Corporate bonds 2,430 102 — 2,532 Asset backed securities 371,809 129 (6,913) 365,025 Total debt securities available for sale $ 946,751 $ 10,721 $ (7,334) $ 950,138 Debt Securities Held to Maturity Obligations of U.S. government agencies 361,785 6,072 (480) 367,377 Obligations of states and political subdivisions 13,821 327 — 14,148 Total debt securities held to maturity $ 375,606 $ 6,399 $ (480) $ 381,525 There were no sales of investment securities during the three and six months ended June 30, 2020 and 2019, respectively. Investment securities with an aggregate carrying value of $479,242,000 and $466,321,000 at June 30, 2020 and December 31, 2019, respectively, were pledged as collateral for specific borrowings, lines of credit or local agency deposits. The amortized cost and estimated fair value of debt securities at June 30, 2020 by contractual maturity are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. At June 30, 2020, obligations of U.S. government corporations and agencies with a cost basis totaling $739,470,000 consist almost entirely of residential real estate mortgage-backed securities whose contractual maturity, or principal repayment, will follow the repayment of the underlying mortgages. For purposes of the following table, the entire outstanding balance of these mortgage-backed securities issued by U.S. government corporations and agencies is categorized based on final maturity date. At June 30, 2020, the Company estimates the average remaining life of these mortgage-backed securities issued by U.S. government corporations and agencies to be approximately 3.26 years. Average remaining life is defined as the time span after which the principal balance has been reduced by half. As of June 30, 2020, the contractual final maturity for available for sale and held to maturity investment securities is as follows: Debt Securities Available for Sale Held to Maturity (in thousands) Amortized Estimated Amortized Estimated Due in one year $ 600 $ 600 $ 1,287 $ 1,289 Due after one year through five years 17,981 18,690 — — Due after five years through ten years 114,403 113,718 21,156 22,231 Due after ten years 854,511 863,272 314,722 330,659 Totals $ 987,495 $ 996,280 $ 337,165 $ 354,179 Gross unrealized losses on debt securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows: June 30, 2020: Less than 12 months 12 months or more Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Debt Securities Available for Sale Asset backed securities $ 153,086 $ (2,742) $ 291,893 $ (13,791) $ 444,979 $ (16,533) December 31, 2019: Less than 12 months 12 months or more Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Debt Securities Available for Sale Obligations of U.S. government agencies $ 36,709 $ (309) $ 23,852 $ (111) $ 60,561 $ (420) Obligations of states and political subdivisions 778 (1) — — 778 (1) Asset backed securities 237,463 (4,535) 99,981 (2,378) 337,444 (6,913) Total debt securities available for sale $ 274,950 $ (4,845) $ 123,833 $ (2,489) $ 398,783 $ (7,334) Debt Securities Held to Maturity Obligations of U.S. government agencies 18,813 (142) 62,952 (338) 81,765 (480) Asset backed securities: The unrealized losses on investments in asset backed securities were caused by increases in required yields by investors for these types of securities. At the time of purchase, each of these securities was rated AA or AAA and through June 30, 2020 has not experienced any deterioration in credit rating. At June 30, 2020, 13 asset backed securities had unrealized losses with aggregate depreciation of 3.58% from the Company’s amortized cost basis. The Company continues to monitor these securities for changes in credit rating or other indications of credit deterioration. Because management believes the decline in fair value is attributable to changes in interest rates and not credit quality, and because the Company does not intend to sell and more likely than not will not be required to sell, there is no impairment on these securities and there has been no allowance for credit losses recorded as of June 30, 2020. The Company monitors credit quality of debt securities held-to-maturity through the use of credit rating. The Company monitors the credit rating on a monthly basis. The following table summarizes the amortized cost of debt securities held-to-maturity at the dates indicated, aggregated by credit quality indicator: June 30, 2020 December 31, 2019 AAA/AA/A BBB/BB/B AAA/AA/A BBB/BB/B (In thousands) (In thousands) Debt Securities Held to Maturity Obligations of U.S. government agencies $ 324,976 $ — $ 361,785 $ — Obligations of states and political subdivisions 11,496 693 13,136 685 Total debt securities held to maturity $ 336,472 $ 693 $ 374,921 $ 685 |
Loans
Loans | 6 Months Ended |
Jun. 30, 2020 | |
Receivables [Abstract] | |
Loans | Loans A summary of loan balances follows: (in thousands) June 30, 2020 December 31, 2019 Commercial real estate: CRE non-owner occupied $ 1,596,941 $ 1,609,556 CRE owner occupied 579,803 546,434 Multifamily 577,217 517,725 Farmland 151,524 145,067 Total commercial real estate loans 2,905,485 2,818,782 Consumer: SFR 1-4 1st DT liens 506,069 509,508 SFR HELOCs and junior liens 358,087 362,886 Other 81,513 82,656 Total consumer loans 945,669 955,050 Commercial and industrial 634,481 249,791 Construction 278,566 249,827 Agriculture production 35,441 32,633 Leases 1,763 1,283 Total loans, net of deferred loan fees and discounts 4,801,405 4,307,366 Total principal balance of loans owed, net of charge-offs 4,854,351 4,351,725 Unamortized net deferred loan fees (22,500) (8,927) Discounts to principal balance of loans owed, net of charge-offs (30,446) (35,432) Total loans, net of unamortized deferred loan fees and discounts 4,801,405 4,307,366 Allowance for credit losses on loans $ (79,739) $ (30,616) During the three months ended June 30, 2020, the Company originated more than 2,900 loans under the Payment Protection Program (PPP), which as of quarter end had balances outstanding of $423,431,000, net of $13,300,000 in deferred loan costs, included within commercial and industrial. There were no PPP loans originated as of December 31, 2019. In connection with the origination of these loans, the Company generated approximately $15,680,000 in loan fees that will be amortized over the two-year term of the loans, offset by deferred loan costs of approximately $756,000. During the three and six months ended June 30, 2020, interest and fee income recognized from PPP loans totaled $2,356,000, which was inclusive of $1,626,000 in net deferred fee accretion. |
Allowance for Credit Losses on
Allowance for Credit Losses on Loans | 6 Months Ended |
Jun. 30, 2020 | |
Allowance For Loan And Lease Losses [Abstract] | |
Allowance for Credit Losses on Loans | Allowance for Credit Losses on Loans The following tables summarize the activity in the allowance for credit losses on loans, and ending balance of loans, net of unearned fees for the periods indicated: Allowance for Loan Losses – Three Months Ended June 30, 2020 (in thousands) Beginning Charge-offs Recoveries Provision Ending Commercial real estate: CRE non-owner occupied $ 18,034 $ — $ 5 $ 8,052 $ 26,091 CRE owner occupied 5,366 — 4 3,340 8,710 Multifamily 5,140 — — 3,441 8,581 Farmland 713 — — 755 1,468 Total commercial real estate loans 29,253 — 9 15,588 44,850 Consumer: SFR 1-4 1st DT liens 5,650 (11) 2 2,374 8,015 SFR HELOCs and junior liens 11,196 (23) 92 843 12,108 Other 2,746 (243) 72 467 3,042 Total consumer loans 19,592 (277) 166 3,684 23,165 Commercial and industrial 3,867 (214) 55 310 4,018 Construction 4,595 — — 2,180 6,775 Agriculture production 593 — — 326 919 Leases 11 — — 1 12 Total $ 57,911 $ (491) $ 230 $ 22,089 $ 79,739 Allowance for Loan Losses – Six months ended June 30, 2020 (in thousands) Beginning Impact of CECL Adoption Charge-offs Recoveries Provision Ending Commercial real estate: CRE non-owner occupied $ 5,948 $ 6,701 $ — $ 193 $ 13,249 $ 26,091 CRE owner occupied 2,027 2,281 — 9 4,393 8,710 Multifamily 3,352 2,281 — — 2,948 8,581 Farmland 668 585 — — 215 1,468 Total commercial real estate loans 11,995 11,848 — 202 20,805 44,850 Consumer: SFR 1-4 1st DT liens 2,306 2,675 (11) 412 2,633 8,015 SFR HELOCs and junior liens 6,183 4,638 (23) 140 1,170 12,108 Other 1,595 971 (373) 167 682 3,042 Total consumer loans 10,084 8,284 (407) 719 4,485 23,165 Commercial and industrial 4,867 (1,961) (594) 181 1,525 4,018 Construction 3,388 933 — — 2,454 6,775 Agriculture production 261 (179) — 20 817 919 Leases 21 (12) — — 3 12 Total $ 30,616 $ 18,913 $ (1,001) $ 1,122 $ 30,089 $ 79,739 In determining the allowance for credit losses, accruing loans with similar risk characteristics are generally evaluated collectively. To estimate expected losses the Company generally utilizes historical loss trends and the remaining contractual lives of the loan portfolios to determine estimated credit losses through a reasonable and supportable forecast period. Individual loan credit quality indicators including loan grade and borrower repayment performance have been statistically correlated with historical credit losses and various econometrics, including California unemployment, gross domestic product, and corporate bond yields. Model forecasts may be adjusted for inherent limitations or biases that have been identified through independent validation and back-testing of model performance to actual realized results. At both January 1, 2020, the adoption and implementation date of ASC Topic 326, and June 30, 2020, the Company utilized a reasonable and supportable forecast period of approximately eight quarters and obtained the forecast data from publicly available sources. The Company also considered the impact of portfolio concentrations, changes in underwriting practices, imprecision in its economic forecasts, and other risk factors that might influence its loss estimation process. During the quarter ended June 30, 2020 the majority of the increase in ACL reflects potential future credit deterioration. Specifically, portfolio-wide qualitative indicators such as the outlook for changes in California Unemployment and Gross Domestic Product (GDP), resulted in a $19,143,000 increase in credit reserves on loans. Management further noted that the majority of economic forecasts, as of the end of the current quarter, utilized in the ACL calculation have shown a migration in the estimated timing of recovery from late 2020 as the end of the first quarter to mid-2021 or beyond. Management believes that the allowance for credit losses at June 30, 2020 appropriately reflected expected credit losses inherent in the loan portfolio at that date. Allowance for Loan Losses – Year Ended December 31, 2019 (in thousands) Beginning Charge-offs Recoveries Provision Ending Balance Commercial real estate: CRE non-owner occupied $ 7,401 $ — $ 1,486 $ (2,939) $ 5,948 CRE owner occupied 2,711 (746) 42 20 2,027 Multifamily 2,429 — — 923 3,352 Farmland 403 — — 265 668 Total commercial real estate loans 12,944 (746) 1,528 (1,731) 11,995 Consumer: SFR 1-4 1st DT liens 2,676 (2) 54 (422) 2,306 SFR HELOCs and junior liens 7,582 (3) 935 (2,331) 6,183 Other 793 (765) 321 1,246 1,595 Total consumer loans 11,051 (770) 1,310 (1,507) 10,084 Commercial and industrial 5,610 (2,104) 513 848 4,867 Construction 2,497 — — 891 3,388 Agriculture production 480 (19) 12 (212) 261 Leases — — — 21 21 Total $ 32,582 $ (3,639) $ 3,363 $ (1,690) $ 30,616 Allowance for Loan Losses – Three Months Ended June 30, 2019 (in thousands) Beginning Charge-offs Recoveries Provision Ending Balance Commercial real estate: CRE non-owner occupied $ 6,268 $ — $ 6 $ (92) $ 6,182 CRE owner occupied 2,323 — 4 (113) 2,214 Multifamily 3,271 — — (189) 3,082 Farmland 468 — — 153 621 Total commercial real estate loans 12,330 — 10 (241) 12,099 Consumer: — SFR 1-4 1st DT liens 2,500 (2) 3 75 2,576 SFR HELOCs and junior liens 7,301 — 354 (554) 7,101 Other 1,040 (153) 108 456 1,451 Total consumer loans 10,841 (155) 465 (23) 11,128 Commercial and industrial 5,854 (138) 84 681 6,481 Construction 2,815 — — 81 2,896 Agriculture production 224 — 1 39 264 Leases — — — — — Total $ 32,064 $ (293) $ 560 $ 537 $ 32,868 Allowance for Loan Losses – Six months ended June 30, 2019 (in thousands) Beginning Charge-offs Recoveries Provision Ending Balance Commercial real estate: CRE non-owner occupied $ 7,401 $ — $ 1,383 $ (2,602) $ 6,182 CRE owner occupied 2,711 — 8 (505) 2,214 Multifamily 2,429 — — 653 3,082 Farmland 403 — — 218 621 Total commercial real estate loans 12,944 — 1,391 (2,236) 12,099 Consumer: SFR 1-4 1st DT liens 2,676 (2) 5 (103) 2,576 SFR HELOCs and junior liens 7,582 — 536 (1,017) 7,101 Other 793 (360) 183 835 1,451 Total consumer loans 11,051 (362) 724 (285) 11,128 Commercial and industrial 5,610 (657) 242 1,286 6,481 Construction 2,497 — — 399 2,896 Agriculture production 480 — 11 (227) 264 Leases — — — — — Total $ 32,582 $ (1,019) $ 2,368 $ (1,063) $ 32,868 As part of the on-going monitoring of the credit quality of the Company’s loan portfolio, management tracks certain credit quality indicators including, but not limited to, trends relating to (i) the level of criticized and classified loans, (ii) net charge-offs, (iii) non-performing loans, and (iv) delinquency within the portfolio. The Company analyzes loans individually to classify the loans as to credit risk and grading. This analysis is performed annually for all outstanding balances greater than $1,000,000 and non-homogeneous loans, such as commercial real estate loans, unless other indicators, such as delinquency, trigger more frequent evaluation. Loans below the $1,000,000 threshold and homogenous in nature are evaluated as needed for proper grading based on delinquency and borrower credit scores. The Company utilizes a risk grading system to assign a risk grade to each of its loans. Loans are graded on a scale ranging from Pass to Loss. A description of the general characteristics of the risk grades is as follows: • Pass – This grade represents loans ranging from acceptable to very little or no credit risk. These loans typically meet most if not all policy standards in regard to: loan amount as a percentage of collateral value, debt service coverage, profitability, leverage, and working capital. • Special Mention – This grade represents “Other Assets Especially Mentioned” in accordance with regulatory guidelines and includes loans that display some potential weaknesses which, if left unaddressed, may result in deterioration of the repayment prospects for the asset or may inadequately protect the Company’s position in the future. These loans warrant more than normal supervision and attention. • Substandard – This grade represents “Substandard” loans in accordance with regulatory guidelines. Loans within this rating typically exhibit weaknesses that are well defined to the point that repayment is jeopardized. Loss potential is, however, not necessarily evident. The underlying collateral supporting the credit appears to have sufficient value to protect the Company from loss of principal and accrued interest, or the loan has been written down to the point where this is true. There is a definite need for a well-defined workout/rehabilitation program. • Doubtful – This grade represents “Doubtful” loans in accordance with regulatory guidelines. An asset classified as Doubtful has all the weaknesses inherent in a loan classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral, and financing plans. • Loss – This grade represents “Loss” loans in accordance with regulatory guidelines. A loan classified as Loss is considered uncollectible and of such little value that its continuance as a bankable asset is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off the loan, even though some recovery may be affected in the future. The portion of the loan that is graded loss should be charged off no later than the end of the quarter in which the loss is identified. Based on the most recent analysis performed, the risk category of loans by class of loans is as follows for the period indicated: Term Loans Amortized Cost Basis by Origination Year – As of June 30, 2020 (in thousands) 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Commercial real estate: CRE non-owner occupied risk ratings Pass $ 68,986 $ 255,297 $ 178,000 $ 273,918 $ 207,896 $ 519,597 $ 66,225 $ — $ 1,569,919 Special Mention — 1,266 — 1,712 7,374 603 11,014 — 21,969 Substandard — — 1,479 466 — 3,108 — — 5,053 Doubtful/Loss — — — — — — — — — Total CRE non-owner occupied risk ratings $ 68,986 $ 256,563 $ 179,479 $ 276,096 $ 215,270 $ 523,308 $ 77,239 $ — $ 1,596,941 Commercial real estate: CRE owner occupied risk ratings Pass $ 50,412 $ 61,065 $ 52,394 $ 65,943 $ 63,286 $ 249,270 $ 17,464 $ — $ 559,834 Special Mention — — — 4,302 3,821 5,602 — — 13,725 Substandard — 1,459 — 484 693 3,608 — — 6,244 Doubtful/Loss — — — — — — — — — Total CRE owner occupied risk ratings $ 50,412 $ 62,524 $ 52,394 $ 70,729 $ 67,800 $ 258,480 $ 17,464 $ — $ 579,803 Commercial real estate: Multifamily risk ratings Pass $ 47,118 $ 90,562 $ 109,562 $ 73,089 $ 94,016 $ 130,181 $ 28,518 $ — $ 573,046 Special Mention 67 — — 612 — — 1,468 — 2,147 Substandard — — — — 2,024 — — — 2,024 Doubtful/Loss — — — — — — — — — Total multifamily loans $ 47,185 $ 90,562 $ 109,562 $ 73,701 $ 96,040 $ 130,181 $ 29,986 $ — $ 577,217 Term Loans Amortized Cost Basis by Origination Year – As of June 30, 2020 (in thousands) 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Commercial real estate: Farmland risk ratings Pass $ 6,510 $ 27,441 $ 20,217 $ 11,885 $ 8,930 $ 21,473 $ 42,694 $ — $ 139,150 Special Mention — — — 1,271 226 3,277 1,512 — 6,286 Substandard — 699 — 614 451 2,603 1,721 — 6,088 Doubtful/Loss — — — — — — — — — Total farmland loans $ 6,510 $ 28,140 $ 20,217 $ 13,770 $ 9,607 $ 27,353 $ 45,927 $ — $ 151,524 Consumer loans: SFR 1-4 1st DT liens risk ratings Pass $ 61,920 $ 90,702 $ 51,816 $ 64,342 $ 56,167 $ 163,073 $ — $ 5,708 $ 493,728 Special Mention — 292 74 556 17 1,735 — 509 3,183 Substandard — — 564 1,839 948 4,980 — 827 9,158 Doubtful/Loss — — — — — — — — — Total SFR 1st DT liens $ 61,920 $ 90,994 $ 52,454 $ 66,737 $ 57,132 $ 169,788 $ — $ 7,044 $ 506,069 Consumer loans: SFR HELOCs and Junior Liens Pass $ — $ 500 $ 13 $ 375 $ 373 $ 1,716 $ 324,511 $ 17,075 $ 344,563 Special Mention — — 18 — — 37 4,828 795 5,678 Substandard — — — — 134 66 5,818 1,828 7,846 Doubtful/Loss — — — — — — — — — Total SFR HELOCs and Junior Liens $ — $ 500 $ 31 $ 375 $ 507 $ 1,819 $ 335,157 $ 19,698 $ 358,087 Term Loans Amortized Cost Basis by Origination Year – As of June 30, 2020 (in thousands) 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Consumer loans: Other risk ratings Pass $ 14,687 $ 37,507 $ 18,556 $ 5,471 $ 1,555 $ 1,530 $ 1,148 $ — $ 80,454 Special Mention 24 104 211 93 36 118 93 — 679 Substandard — 133 83 73 15 54 22 — 380 Doubtful/Loss — — — — — — — — — Total other consumer loans $ 14,711 $ 37,744 $ 18,850 $ 5,637 $ 1,606 $ 1,702 $ 1,263 $ — $ 81,513 Commercial and industrial loans: Commercial and industrial risk ratings Pass $ 439,901 $ 54,477 $ 26,595 $ 20,081 $ 7,530 $ 12,517 $ 66,817 $ 1,240 $ 629,158 Special Mention — — 65 348 113 80 1,043 12 1,661 Substandard — 145 60 1,224 1,036 141 924 132 3,662 Doubtful/Loss — — — — — — — — — Total commercial and industrial loans $ 439,901 $ 54,622 $ 26,720 $ 21,653 $ 8,679 $ 12,738 $ 68,784 $ 1,384 $ 634,481 Construction loans: Construction risk ratings Pass $ 39,391 $ 57,143 $ 105,394 $ 45,971 $ 20,782 $ 3,089 $ — $ — $ 271,770 Special Mention — — — 346 4,385 1,824 — — 6,555 Substandard — — — — — 241 — — 241 Doubtful/Loss — — — — — — — — — Total construction loans $ 39,391 $ 57,143 $ 105,394 $ 46,317 $ 25,167 $ 5,154 $ — $ — $ 278,566 Term Loans Amortized Cost Basis by Origination Year – As of June 30, 2020 (in thousands) 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Agriculture production loans: Agriculture production risk ratings Pass $ 59 $ 1,744 $ 1,060 $ 907 $ 787 $ 595 $ 29,856 $ — $ 35,008 Special Mention — — — — — — — — — Substandard — — — — 19 (12) 426 — 433 Doubtful/Loss — — — — — — — — — Total agriculture production loans $ 59 $ 1,744 $ 1,060 $ 907 $ 806 $ 583 $ 30,282 $ — $ 35,441 Leases: Lease risk ratings Pass $ 1,763 $ — $ — $ — $ — $ — $ — $ — $1,763 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful/Loss — — — — — — — — — Total leases $ 1,763 $ — $ — $ — $ — $ — $ — $ — $ 1,763 Total loans outstanding: Risk ratings Pass $ 730,747 $ 676,438 $ 563,607 $ 561,982 $ 461,322 $ 1,103,041 $ 577,233 $ 24,023 $ 4,698,393 Special Mention 91 1,662 368 9,240 15,972 13,276 19,958 1,316 61,883 Substandard — 2,436 2,186 4,700 5,320 14,789 8,911 2,787 41,129 Doubtful/Loss — — — — — — — — — Total loans outstanding $ 730,838 $ 680,536 $ 566,161 $ 575,922 $ 482,614 $ 1,131,106 $ 606,102 $ 28,126 $ 4,801,405 Term Loans Amortized Cost Basis by Origination Year – As of December 31, 2019 (in thousands) 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Commercial real estate: CRE non-owner occupied risk ratings Pass $ 253,321 $ 174,869 $ 287,183 $ 221,864 $ 578,255 $ 77,070 $ — $ 1,592,562 Special Mention — — 3,182 8,401 616 — — 12,199 Substandard — 1,183 474 — 3,138 — — 4,795 Doubtful/Loss — — — — — — — $0 Total CRE non-owner occupied risk ratings $ 253,321 $ 176,052 $ 290,839 $ 230,265 $ 582,009 $ 77,070 $ — $ 1,609,556 Commercial real estate: CRE owner occupied risk ratings Pass $ 57,376 $ 54,298 $ 73,019 $ 69,136 $ 263,750 $ 18,524 $ — $ 536,103 Special Mention — — 437 745 3,459 — — 4,641 Substandard 601 — 493 726 3,870 — — 5,690 Doubtful/Loss — — — — — — — — Total CRE owner occupied risk ratings $ 57,977 $ 54,298 $ 73,949 $ 70,607 $ 271,079 $ 18,524 $ — $ 546,434 Commercial real estate: Multifamily risk ratings Pass $ 82,435 $ 112,739 $ 41,673 $ 99,170 $ 141,040 $ 36,061 $ — $ 513,118 Special Mention — — — — 1,103 1,480 — 2,583 Substandard — — — 2,024 — — — 2,024 Doubtful/Loss — — — — — — — — Total multifamily loans $ 82,435 $ 112,739 $ 41,673 $ 101,194 $ 142,143 $ 37,541 $ — $ 517,725 Term Loans Amortized Cost Basis by Origination Year – As of December 31, 2019 (in thousands) 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Commercial real estate: Farmland risk ratings Pass $ 26,786 $ 21,212 $ 12,248 $ 9,618 $ 22,471 $ 41,783 $ — $ 134,118 Special Mention — — 1,346 226 3,289 774 — 5,635 Substandard — — 624 466 2,929 1,295 — 5,314 Doubtful/Loss — — — — — — — — Total farmland loans $ 26,786 $ 21,212 $ 14,218 $ 10,310 $ 28,689 $ 43,852 $ — $ 145,067 Consumer loans: SFR 1-4 1st DT liens risk ratings Pass $ 102,612 $ 63,542 $ 73,195 $ 65,051 $ 187,972 $ — $ 6,242 $ 498,614 Special Mention — — 1,408 19 2,564 — 723 4,714 Substandard — 813 711 52 4,050 — 554 6,180 Doubtful/Loss — — — — — — — — Total SFR 1st DT liens $ 102,612 $ 64,355 $ 75,314 $ 65,122 $ 194,586 $ — $ 7,519 $ 509,508 Consumer loans: SFR HELOCs and Junior Liens Pass $ 1,412 $ 14 $ 382 $ 403 $ 2,077 $ 327,589 $ 19,531 $ 351,408 Special Mention — 20 — — 4 4,189 1,169 5,382 Substandard — — — 156 14 4,208 1,718 6,096 Doubtful/Loss — — — — — — — — Total SFR HELOCs and Junior Liens $ 1,412 $ 34 $ 382 $ 559 $ 2,095 $ 335,986 $ 22,418 $ 362,886 Term Loans Amortized Cost Basis by Origination Year – As of December 31, 2019 (in thousands) 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Consumer loans: Other risk ratings Pass $ 45,876 $ 23,045 $ 7,176 $ 2,245 $ 2,071 $ 1,402 $ — $ 81,815 Special Mention 56 182 176 52 161 91 — 718 Substandard 60 — 13 — 35 15 — 123 Doubtful/Loss — — — — — — — — Total other consumer loans $ 45,992 $ 23,227 $ 7,365 $ 2,297 $ 2,267 $ 1,508 $ — $ 82,656 Commercial and industrial loans: Commercial and industrial risk ratings Pass $ 61,720 $ 31,149 $ 24,176 $ 10,747 $ 16,346 $ 96,654 $ 973 $ 241,765 Special Mention — 339 1,141 151 164 1,921 110 3,826 Substandard — 47 1,281 1,571 401 814 86 4,200 Doubtful/Loss — — — — — — — — Total commercial and industrial loans $ 61,720 $ 31,535 $ 26,598 $ 12,469 $ 16,911 $ 99,389 $ 1,169 $ 249,791 Construction loans: Construction risk ratings Pass $ 50,275 $ 92,449 $ 76,042 $ 18,973 $ 7,322 $ — $ — $ 245,061 Special Mention — — — 4,202 317 — — 4,519 Substandard — — — — 247 — — 247 Doubtful/Loss — — — — — — — — Total construction loans $ 50,275 $ 92,449 $ 76,042 $ 23,175 $ 7,886 $ — $ — $ 249,827 Term Loans Amortized Cost Basis by Origination Year – As of December 31, 2019 (in thousands) 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Agriculture production risk ratings Pass $ 1,929 $ 1,201 $ 1,324 $ 1,012 $ 834 $ 26,306 $ — $ 32,606 Special Mention — — — — — — — — Substandard — — — 27 — — — 27 Doubtful/Loss — — — — — — — — Total agriculture production loans $ 1,929 $ 1,201 $ 1,324 $ 1,039 $ 834 $ 26,306 $ — $ 32,633 Leases: Lease risk ratings Pass $ 1,283 $ — $ — $ — $ — $ — $ — $ 1,283 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful/Loss — — — — — — — — Total leases $ 1,283 $ — $ — $ — $ — $ — $ — $ 1,283 Total loans outstanding: Risk ratings Pass $ 685,025 $ 574,518 $ 596,418 $ 498,219 $ 1,222,138 $ 625,389 $ 26,746 $ 4,228,453 Special Mention 56 541 7,690 13,796 11,677 8,455 2,002 44,217 Substandard 661 2,043 3,596 5,022 14,684 6,332 2,358 34,696 Doubtful/Loss — — — — — — — — Total loans outstanding $ 685,742 $ 577,102 $ 607,704 $ 517,037 $ 1,248,499 $ 640,176 $ 31,106 $ 4,307,366 The following table shows the ending balance of current and past due originated loans by loan category as of the date indicated: Analysis of Past Due Loans - As of June 30, 2020 (in thousands) 30-59 days 60-89 days > 90 days Total Past Current Total Commercial real estate: CRE non-owner occupied $ 2,589 $ 667 $ 113 $ 3,369 $ 1,593,572 $ 1,596,941 CRE owner occupied 954 1,188 387 2,529 577,274 579,803 Multifamily — — 2,024 2,024 575,193 577,217 Farmland 180 — — 180 151,344 151,524 Total commercial real estate loans 3,723 1,855 2,524 8,102 2,897,383 2,905,485 Consumer: SFR 1-4 1st DT liens — 1,046 2,270 3,316 502,753 506,069 SFR HELOCs and junior liens 125 453 2,249 2,827 355,260 358,087 Other 85 229 80 394 81,119 81,513 Total consumer loans 210 1,728 4,599 6,537 939,132 945,669 Commercial and industrial 751 767 181 1,699 632,782 634,481 Construction 19 — — 19 278,547 278,566 Agriculture production 115 — 150 265 35,176 35,441 Leases — — — — 1,763 1,763 Total $ 4,818 $ 4,350 $ 7,454 $ 16,622 $ 4,784,783 $ 4,801,405 The following table shows the ending balance of current and past due originated loans by loan category as of the date indicated: Analysis of Past Due Loans - As of December 31, 2019 (in thousands) 30-59 days 60-89 days > 90 days Total Past Current Total Commercial real estate: CRE non-owner occupied $ 268 $ 136 $ 114 $ 518 $ 1,609,038 $ 1,609,556 CRE owner occupied — 293 293 546,141 546,434 Multifamily 283 — 2,024 2,307 515,418 517,725 Farmland 30 0 0 30 145,037 145,067 Total commercial real estate loans 581 136 2,431 3,148 2,815,634 2,818,782 Consumer: SFR 1-4 1st DT liens 1,149 371 1,957 3,477 506,031 509,508 SFR HELOCs and junior liens 1,258 580 1,088 2,926 359,960 362,886 Other 172 1 23 196 82,460 82,656 Total consumer loans 2,579 952 3,068 6,599 948,451 955,050 Commercial and industrial 603 297 24 924 248,867 249,791 Construction — — — — 249,827 249,827 Agriculture production 49 — — 49 32,584 32,633 Leases — — — — 1,283 1,283 Total $ 3,812 $ 1,385 $ 5,523 $ 10,720 $ 4,296,646 $ 4,307,366 The following table shows the ending balance of non accrual loans by loan category as of the date indicated: Non Accrual Loans As of June 30, 2020 As of December 31, 2019 (in thousands) Non accrual with no allowance for credit losses Total non accrual Past due 90 days or more and still accruing Non accrual with no allowance for credit losses Total non accrual Past due 90 days or more and still accruing Commercial real estate: CRE non-owner occupied $ 677 $ 677 $ — $ 639 $ 642 $ — CRE owner occupied 2,266 2,409 — 1,411 1,408 — Multifamily 2,024 2,024 — 2,024 2,024 — Farmland 1,819 1,819 — 1,242 1,242 — Total commercial real estate loans 6,786 6,929 — 5,316 5,316 — Consumer: SFR 1-4 1st DT liens 5,737 6,719 — 5,023 5,192 — SFR HELOCs and junior liens 4,128 5,665 — 3,992 4,217 — Other 82 105 1 4 32 19 Total consumer loans 9,947 12,489 1 9,019 9,441 19 Commercial and industrial 973 1,680 30 476 2,050 — Construction — — — — — — Agriculture production 282 445 — 14 38 — Leases — — — — Sub-total 17,988 21,543 31 14,825 16,845 19 Less: Guaranteed loans (813) (813) — (916) (990) — Total, net $ 17,175 $ 20,730 $ 31 $ 13,909 $ 15,855 $ 19 Interest income on non accrual loans that would have been recognized during the three months ended June 30, 2020 and 2019, if all such loans had been current in accordance with their original terms, totaled $428,000 and $449,000, respectively. Interest income actually recognized on these originated loans during the three months ended June 30, 2020 and 2019 was $39,000 and $164,000, respectively. Interest income on non accrual loans that would have been recognized during the six months ended June 30, 2020 and 2019, if all such loans had been current in accordance with their original terms, totaled $859,000 and $849,000, respectively. Interest income actually recognized on these originated loans during the six months ended June 30, 2020 and 2019 was $86,000 and $257,000, respectively. The following tables present the amortized cost basis of collateral dependent loans by class of loans as of the following periods: As of June 30, 2020 (in thousands) Retail Office Warehouse Other Multifamily Farmland SFR -1st Deed SFR -2nd Deed Automobile/Truck A/R and Inventory Equipment Total Commercial real estate: CRE non-owner occupied $ 677 $ — $ 1,207 $ — $ — $ — $ — $ — $ — $ — $ — $ 1,884 CRE owner occupied 833 1,023 630 451 — — — — — — — 2,937 Multifamily — — — — 2,024 — — — — — — 2,024 Farmland — — — — — 1,368 — — — — — 1,368 Total commercial real estate loans 1,510 1,023 1,837 451 2,024 1,368 — — — — — 8,213 Consumer: SFR 1-4 1st DT liens — — — — — — 6,055 — — — — 6,055 SFR HELOCs and junior liens — — — — — — 1,105 3,569 — — — 4,674 Other — — — 3 — — — — 83 — — 86 Total consumer loans — — — 3 — — 7,160 3,569 83 — — 10,815 Commercial and industrial — — — 9 — — — — — 1,413 212 1,634 Construction — — — — — — — — — — — — Agriculture production — — — 426 — — — — — 13 6 445 Leases — — — — — — — — — — — — Total $ 1,510 $ 1,023 $ 1,837 $ 889 $ 2,024 $ 1,368 $ 7,160 $ 3,569 $ 83 $ 1,426 $ 218 $ 21,107 As of December 31, 2019 (in thousands) Retail Office Warehouse Other Multifamily Farmland SFR -1st Deed SFR -2nd Deed Automobile/Truck A/R and Inventory Equipment Total Commercial real estate: CRE non-owner occupied $ 2,145 $ — $ 1,220 $ 497 $ — $ — $ — $ — $ — $ — $ — $ 3,862 CRE owner occupied 361 163 420 13 — — — — — — 1,000 1,957 Multifamily — — — — 2,060 — — — — — — 2,060 Farmland — — — — — — 1,242 — — — — — 1,242 Total commercial real estate loans 2,506 163 1,640 510 2,060 1,242 — — — — 1,000 9,121 Consumer: SFR 1-4 1st DT liens — — — — — — 5,341 — — — — 5,341 SFR HELOCs and junior liens — — — — — — — 3,848 — — — 3,848 Other — — — 3 — — — — 27 — — 30 Total consumer loans — — — 3 — — 5,341 3,848 27 — — 9,219 Commercial and industrial — — — 107 — — — — — 1,926 14 2,047 Construction — — — — — — — — — — — — Agriculture production — — — — — — — — — 26 12 38 Leases — — — — — — — — — — — — Total $ 2,506 $ 163 $ 1,640 $ 620 $ 2,060 $ 1,242 $ 5,341 $ 3,848 $ 27 $ 1,952 $ 1,026 $ 20,425 TDR information for the three months ended June 30, 2020 (dollars in thousands) Number Pre-mod Post-mod Financial Number that Recorded Financial impact Commercial real estate: CRE non-owner occupied — $ — $ — $ — — $ — $ — CRE owner occupied — $ — $ — $ — — $ — $ — Multifamily — $ — $ — $ — — $ — $ — Farmland — $ — $ — $ — — $ — $ — Total commercial real estate loans — $ — $ — $ — — $ — $ — Consumer: SFR 1-4 1st DT liens — $ — $ — $ — 1 $ 735 $ — SFR HELOCs and junior liens — $ — $ — $ — — $ — $ — Other — $ — $ — $ — — $ — $ — Total consumer loans — $ — $ — $ — 1 $ 735 $ — Commercial and industrial — $ — $ — $ — — $ — $ — Construction — $ — $ — $ — — $ — $ — Agriculture production — $ — $ — $ — — $ — $ — Leases — $ — $ — $ — — $ — $ — Total — $ — $ — $ — 1 $ 735 $ — TDR information for the three months ended June 30, 2019 (dollars in thousands) Number Pre-mod Post-mod Financial Number that Recorded Financial impact Commercial real estate: CRE non-owner occupied — $ — $ — $ — — $ — $ — CRE owner occupied — — — — — — — Multifamily — — — — — — — Farmland — — — — — — — Total commercial real estate loans — — — — — — — Consumer: SFR 1-4 1st DT liens — — — — — — — SFR HELOCs and junior liens 2 93 95 27 — — — Other — — — — — — — Total consumer loans 2 93 95 27 — Commercial and industrial 4 1,754 1,722 2 — — — Construction — — — — — — — Agriculture production — — — — — — — Leases — — — — — — — Total 6 $ 1,847 $ 1,817 $ 29 — $ — $ — TDR Information for the six months ended June 30, 2020 (dollars in thousands) Number Pre-mod Post-mod Financial Number that Recorded Financial impact Commercial real estate: CRE non-owner occupied 1 $ 257 $ 251 $ — — $ — $ — CRE owner occupied — — — — — — — Multifamily — — — — — — — Farmland 2 230 298 — — — — Total commercial real estate loans 3 487 549 — — — — Consumer: SFR 1-4 1st DT liens — — — — 2 1,037 — SFR HELOCs and junior liens 2 172 169 — — — — Other — — — — — — — Total consumer loans 2 172 169 — 2 1,037 — Commercial and industrial 1 21 20 21 — — — Construction — — — — — — — Agriculture production — — — — — — — Leases — — — — — — — Total 6 $ 680 $ 738 $ 21 2 $ 1,037 $ — TDR Information for the six months ended June 30, 2019 (dollars in thousands) Number Pre-mod Post-mod Financial Number that Recorded Financial impact Commercial real estate: CRE non-owner occupied — $ — $ — $ — — $ — $ — CRE owner occupied — — — — — — — Multifamily — — — — — — — Farmland — — — — — — — Total commercial real estate loans — — — — — — — Consumer: SFR 1-4 1st DT liens 1 163 162 — — — — SFR HELOCs and junior liens 3 214 215 — — — — Other — — — — — — — Total consumer loans 4 377 377 — — — — Commercial and industrial 6 1,768 1,737 31 1 7 — Construction — — — — — — — Agriculture production — — — — — — — Leases — — — — — — — Total 10 $ 2,145 $ 2,114 $ 31 1 $ 7 $ — The Company also modified the terms of select loans in an effort to assist borrowers that were not related to the COVID-19 pandemic. If the borrower was experiencing financial difficulty and a concession was granted, the Company considered such modifications as troubled debt restructurings. Modifications classified as TDRs can include one or a combination of the following: rate modifications, term extensions, interest only modifications, either temporary or long-term, payment modifications, and collateral substitutions/additions. The objective of the modifications was to increase loan repayments by customers and thereby reduce net charge-offs. The modified loans are included in impaired loans for purposes of determining the level of the allowance for credit losses. For all new TDRs, an impairment analysis is conducted. If the loan is determined to be collateral dependent, any additional amount of impairment will be calculated based on the difference between estimated collectible value and the current carrying balance of the loan. This difference could result in an increased provision and is typically charged off. If the asset is determined not to be collateral dependent, the impairment is measured on the net present value difference between the expected cash flows of the restructured loan and the cash flows which would have been received under the original terms. The effect of this could result in a requirement for additional provision to the reserve. The effect of these required provisions for the period are indicated above. Typically if a TDR defaults during the period, the loan is then considered collateral dependent and, if it was not already considered collateral dependent, an appropriate provision will be reserved or charge will be taken. The additional provisions required resulting from default of previously modified TDR’s are noted above. Loans that defaulted within the twelve month period subsequent to modification were not considered significant for financial reporting purposes. |
Leases
Leases | 6 Months Ended |
Jun. 30, 2020 | |
Leases [Abstract] | |
Leases | Leases The Company records a right-of-use asset (“ROUA”) on the consolidated balance sheets for those leases that convey rights to control use of identified assets for a period of time in exchange for consideration. The Company also records a lease liability on the consolidated balance sheets for the present value of future payment commitments. All of the Company’s leases are comprised of operating leases in which the Company is lessee of real estate property for branches, ATM locations, and general administration and operations. The Company elected not to include short-term leases (i.e. leases with initial terms of 12 or less) within the ROUA and lease liability. Known or determinable adjustments to the required minimum future lease payments were included in the calculation of the Company’s ROUA and lease liability. Adjustments to the required minimum future lease payments that are variable and will not be determinable until a future period, such as changes in the consumer price index, are included as variable lease costs. Additionally, expected variable payments for common area maintenance, taxes and insurance were unknown and not determinable at lease commencement and therefore, were not included in the determination of the Company’s ROUA or lease liability. The value of the ROUA and lease liability is impacted by the amount of the periodic payment required, length of the lease term, and the discount rate used to calculate the present value of the minimum lease payments. The Company’s lease agreements often include one or more options to renew at the Company’s discretion. If at lease inception, the Company considers the exercising of a renewal option to be reasonably certain, the Company will include the extended term in the calculation of the ROU asset and lease liability. Topic 842 requires the use of the rate implicit in the lease whenever this rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate at lease inception, on a collateralized basis, over a similar term. For operating leases existing prior to January 1, 2019, the rate for the remaining lease term as of January 1, 2019 was used. The lease liability is reduced based on the discounted present value of remaining payments as of each reporting period. The ROUA value is measured using the amount of lease liability and adjusted for prepaid or accrued lease payments, remaining lease incentives, unamortized direct costs (if any), and impairment (if any). The following table presents the components of lease expense for the periods ended: Three months ended June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Operating lease cost $ 1,291 $ 1,310 $ 2,586 $ 2,621 Short-term lease cost 65 58 128 129 Variable lease cost 1 (17) 6 (22) Sublease income (35) (32) (69) (66) Total lease cost $ 1,322 $ 1,319 $ 2,651 $ 2,662 The following table presents supplemental cash flow information related to leases for the periods ended: Three months ended June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 1,243 $ 1,229 $ 2,480 $ 2,447 ROUA obtained in exchange for operating lease liabilities $ 675 $ 156 $ 4,068 $ 32,162 The following table presents the weighted average operating lease term and discount rate as of the period ended: As of June 30, 2020 2019 Weighted-average remaining lease term (years) 10.3 9.5 Weighted-average discount rate 3.17 % 3.18 % At June 30, 2020, future expected operating lease payments are as follows: (in thousands) Periods ending December 31, 2020 $ 2,311 2021 4,561 2022 4,225 2023 3,549 2024 3,273 Thereafter 17,398 35,317 Discount for present value of expected cash flows (5,574) Lease liability at June 30, 2020 $ 29,743 |
Deposits
Deposits | 6 Months Ended |
Jun. 30, 2020 | |
Deposits [Abstract] | |
Deposits | Deposits A summary of the balances of deposits follows (in thousands): June 30, December 31, Noninterest-bearing demand $ 2,487,120 $ 1,832,665 Interest-bearing demand 1,318,951 1,242,274 Savings 2,043,593 1,851,549 Time certificates, $250,000 or more 102,434 129,061 Other time certificates 296,160 311,445 Total deposits $ 6,248,258 $ 5,366,994 Certificate of deposit balances of $30,000,000 from the State of California were included in time certificates, over $250,000, at June 30, 2020 and December 31, 2019, respectively. The Company participates in a deposit program offered by the State of California whereby the State may make deposits at the Company’s request subject to collateral and credit worthiness constraints. The negotiated rates on these State deposits are generally more favorable than other wholesale funding sources available to the Company. Overdrawn deposit balances of $847,000 and $1,550,000 were classified as consumer loans at June 30, 2020 and December 31, 2019, respectively. |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Commitments and Contingencies The following table presents a summary of the Bank’s commitments and contingent liabilities: (in thousands) June 30, December 31, Financial instruments whose amounts represent risk: Commitments to extend credit: Commercial loans $ 391,333 $ 363,793 Consumer loans 541,569 533,576 Real estate mortgage loans 208,973 188,959 Real estate construction loans 224,701 222,998 Standby letters of credit 11,034 12,014 Deposit account overdraft privilege 110,468 110,402 |
Shareholders' Equity
Shareholders' Equity | 6 Months Ended |
Jun. 30, 2020 | |
Equity [Abstract] | |
Shareholders' Equity | Shareholders’ Equity Dividends Paid The Bank paid to the Company cash dividends in the aggregate amounts of $12,694,000 and $10,236,000 during the three months ended June 30, 2020 and 2019, respectively and $39,448,000 and $18,350,000 during the six months ended June 30, 2020 and 2019, respectively. The Bank is regulated by the Federal Deposit Insurance Corporation (FDIC) and the State of California Department of Business Oversight (DBO). Absent approval from the Commissioner of the DBO, California banking laws generally limit the Bank’s ability to pay dividends to the lesser of (1) retained earnings or (2) net income for the last three fiscal years, less cash distributions paid during such period. Stock Repurchase Plan On November 12, 2019 the Board of Directors approved the authorization to repurchase up to 1,525,000 shares of the Company's common stock (the 2019 Repurchase Plan), which approximated 5.0% of the shares outstanding as of the approval date. The actual timing of any share repurchases will be determined by the Company's management and therefore the total value of the shares to be purchased under the program is subject to change. The 2019 Repurchase Plan has no expiration date and during the year ended December 31, 2019, the Company had repurchased no shares. During the three and six months ended June 30, 2020, the Company repurchased 259,993 and 813,862 shares with a market value of $7,669,000 and $24,809,000, respectively. In connection with approval of the 2019 Repurchase Plan, the Company’s previous repurchase program adopted on August 21, 2007 (the 2007 Repurchase Plan) was terminated. There were no shares of common stock repurchased under the 2007 Repurchase Plan during 2019. Stock Repurchased Under Equity Compensation Plans The Company's shareholder-approved equity compensation plans permit employees to tender recently vested shares in lieu of cash for the payment of withholding taxes on such shares. During the three months ended June 30, 2020 and 2019, employees tendered 0 and 93,755 shares, respectively, of the Company’s common stock in connection with option exercises. During the six months ended June 30, 2020 and 2019, employees tendered 4,668 and 119,914 shares, respectively, of the Company’s common stock in connection with option exercises. Employees also tendered 11,306 and 15,151 shares in connection with the tax withholding requirements of other share based awards during the three months ended June 30, 2020 and 2019, respectively, and 11,439 and 15,242 shares during the six months period ended June 30, 2020 and 2019, respectively. In total, shares of the Company's common stock tendered had market values of $346,000 and $3,659,000 during the quarter ended June 30, 2020 and 2019, respectively, and $494,000 and $4,695,000 year to date June 30, 2020 and 2019, respectively. The tendered shares were retired. The market value of tendered shares is the last market trade price at closing on the day an option is exercised or the other share based award vests. Stock repurchased under equity incentive plans are not included in the total of stock repurchased under the 2019 or 2007 Stock Repurchase Plans. |
Stock Options and Other Equity-
Stock Options and Other Equity-Based Incentive Instruments | 6 Months Ended |
Jun. 30, 2020 | |
Share-based Payment Arrangement [Abstract] | |
Stock Options and Other Equity-Based Incentive Instruments | Stock Options and Other Equity-Based Incentive Instruments The Company’s 2009 Equity Incentive Plan (2009 Plan) expired on March 26, 2019. While no new awards can be granted under the 2009 Plan, existing grants continue to be governed by the terms, conditions and procedures set forth in any applicable award agreement. On April 16, 2019, the Board of Directors adopted the 2019 Equity Incentive Plan (2019 Plan) which was approved by shareholders on May 21, 2019. The 2019 Plan allows for up to 1,500,000 shares to be issued in connection with equity-based incentives. All grants of equity awards made during the six months ended June 30, 2020, were made from the 2019 Plan. Stock option activity during the six months ended June 30, 2020 is summarized in the following table: Number Option Price Weighted Outstanding at December 31, 2019 160,500 $14.54 to $23.21 $ 17.60 Options granted — — — Options exercised (16,000) $17.54 to $19.46 18.02 Options forfeited — — — Outstanding at June 30, 2020 144,500 $14.54 to $23.21 $ 17.55 The following table shows the number, weighted-average exercise price, intrinsic value, and weighted average remaining contractual life of options exercisable, options not yet exercisable and total options outstanding as of June 30, 2020: Currently Currently Not Total Number of options 144,500 — 144,500 Weighted average exercise price $ 17.55 $ — $ 17.55 Intrinsic value (in thousands) $ 1,864 $ — $ 1,864 Weighted average remaining contractual term (yrs.) 2.4 0 2.4 As of June 30, 2020 all options outstanding are fully vested and are expected to be exercised prior to expiration. The Company did not modify any option grants during 2019 or the six months ended June 30, 2020. Activity related to restricted stock unit awards during the six months ended June 30, 2020 is summarized in the following table: Service Market Plus Outstanding at December 31, 2019 68,597 51,312 RSUs granted 64,036 46,416 RSUs added through dividend and performance credits 1,344 5,847 RSUs released (29,089) (20,265) RSUs forfeited/expired (94) (78) Outstanding at June 30, 2020 104,794 83,232 The 104,794 of service condition vesting RSUs outstanding as of June 30, 2020 include a feature whereby each RSU outstanding is credited with a dividend amount equal to any common stock cash dividend declared and paid, and the credited amount is divided by the closing price of the Company’s stock on the dividend payable date to arrive at an additional amount of RSUs outstanding under the original grant. The dividend credits follow the same vesting requirements as the RSU awards and are not considered participating securities. The 104,794 of service condition vesting RSUs outstanding as of June 30, 2020 are expected to vest, and be released, on a weighted-average basis, over the next 1.82 years. The Company expects to recognize $3,211,517 of pre-tax compensation costs related to these service condition vesting RSUs between June 30, 2020 and their vesting dates. The Company did not modify any service condition vesting RSUs during 2019 or during the six months ended June 30, 2020. The 83,232 of market plus service condition vesting RSUs outstanding as of June 30, 2020 are expected to vest, and be released, on a weighted-average basis, over the next 2.33 years. The Company expects to recognize $1,686,594 of pre-tax compensation costs related to these RSUs between June 30, 2020 and their vesting dates. As of June 30, 2020, the number of market plus service condition vesting RSUs outstanding that will actually vest, and be released, may be reduced to zero or increased to 124,848 depending on the total return of the Company’s common stock versus the total return of an index of bank stocks from the grant date to the vesting date. The Company did not modify any market plus service condition vesting RSUs during 2019 or during the six months ended June 30, 2020. |
Non-interest Income and Expense
Non-interest Income and Expense | 6 Months Ended |
Jun. 30, 2020 | |
Other Income and Expenses [Abstract] | |
Non-interest Income and Expense | Non-interest Income and Expense The following table summarizes the Company’s non-interest income for the periods indicated: Three months ended Six months ended (dollars in thousands) 2020 2019 2020 2019 ATM and interchange fees $ 5,165 $ 5,404 $ 10,276 $ 9,985 Service charges on deposit accounts 3,046 4,182 7,092 8,062 Other service fees 734 619 1,492 1,390 Mortgage banking service fees 459 475 928 958 Change in value of mortgage servicing rights (1,236) (552) (2,494) (1,197) Total service charges and fees 8,168 10,128 17,294 19,198 Increase in cash value of life insurance 710 746 1,430 1,521 Asset management and commission income 661 739 1,577 1,381 Gain on sale of loans 1,736 575 2,627 987 Lease brokerage income 127 239 320 459 Sale of customer checks 88 135 212 275 Gain on sale of investment securities — — — — Gain on marketable equity securities 25 42 72 78 Other 142 819 (55) 1,327 Total other non-interest income 3,489 3,295 6,183 6,028 Total non-interest income $ 11,657 $ 13,423 $ 23,477 $ 25,226 The components of non-interest expense were as follows (in thousands): Three months ended Six months ended 2020 2019 2020 2019 Base salaries, net of deferred loan origination costs $ 17,277 $ 17,211 $ 34,900 $ 33,968 Incentive compensation 2,395 3,706 5,496 6,273 Benefits and other compensation costs 7,383 5,802 13,931 11,606 Total salaries and benefits expense 27,055 26,719 54,327 51,847 Occupancy 3,398 3,738 7,273 7,512 Data processing and software 3,657 3,354 7,024 6,703 Equipment 1,350 1,752 2,862 3,619 Intangible amortization 1,431 1,431 2,862 2,862 Advertising 531 1,533 1,196 2,864 ATM and POS network charges 1,210 1,270 2,583 2,593 Professional fees 741 1,057 1,444 1,896 Telecommunications 639 773 1,364 1,570 Regulatory assessments and insurance 360 490 455 1,001 Postage 283 315 573 625 Operational losses 184 226 405 451 Courier service 337 412 668 682 Gain on sale of foreclosed assets (16) (99) (57) (198) Loss on disposal of fixed assets 15 42 15 66 Other miscellaneous expense 4,530 3,684 7,530 8,056 Total other non-interest expense 18,650 19,978 36,197 40,302 Total non-interest expense $ 45,705 $ 46,697 $ 90,524 $ 92,149 |
Earnings Per Share
Earnings Per Share | 6 Months Ended |
Jun. 30, 2020 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Earnings Per Share Basic earnings per share represent income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustments to income that would result from assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock units (RSUs), and are determined using the treasury stock method. Earnings per share have been computed based on the following: Three months ended June 30, (in thousands) 2020 2019 Net income $ 7,430 $ 23,061 Average number of common shares outstanding 29,754 30,458 Effect of dilutive stock options and restricted stock 129 185 Average number of common shares outstanding used to calculate diluted earnings per share 29,883 30,643 Options excluded from diluted earnings per share because the effect of these — — Six months ended June 30, (in thousands) 2020 2019 Net income $ 23,551 $ 45,787 Average number of common shares outstanding 30,074 30,441 Effect of dilutive stock options and restricted stock 129 209 Average number of common shares outstanding used to calculate diluted earnings per share 30,203 30,650 Options excluded from diluted earnings per share because the effect of these — — |
Comprehensive Income
Comprehensive Income | 6 Months Ended |
Jun. 30, 2020 | |
Equity [Abstract] | |
Comprehensive Income | Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of other comprehensive income. The components of other comprehensive income (loss) and related tax effects are as follows: Three months ended June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Unrealized holding gains on available for sale securities before reclassifications $ 34,959 $ 9,553 $ 5,398 $ 22,263 Tax effect (10,334) (2,824) (1,595) (6,582) Unrealized holding gains on available for sale securities, net of tax 24,625 6,729 3,803 15,681 Change in unfunded status of the supplemental retirement plans before reclassifications 661 (88) 1,109 (177) Amounts reclassified out of accumulated other comprehensive income (loss): Amortization of prior service cost (13) (14) (27) (27) Amortization of actuarial losses 478 102 956 204 Total amounts reclassified out of accumulated other comprehensive income 465 88 929 177 Change in unfunded status of the supplemental retirement plans after reclassifications 1,126 — 2,038 — Tax effect — — — — Change in unfunded status of the supplemental retirement plans, net of tax 1,126 — 2,038 — Total other comprehensive income (loss) $ 25,751 $ 6,729 $ 5,841 $ 15,681 The components of accumulated other comprehensive income (loss), included in shareholders’ equity, are as follows: (in thousands) June 30, December 31, Net unrealized gain on available for sale securities $ 8,785 $ 3,387 Tax effect (2,597) (1,001) Unrealized holding gain on available for sale securities, net of tax 6,188 2,386 Unfunded status of the supplemental retirement plans (9,593) (11,193) Tax effect 2,836 3,309 Unfunded status of the supplemental retirement plans, net of tax (6,757) (7,884) Joint beneficiary agreement liability 1,188 276 Tax effect — — Joint beneficiary agreement liability, net of tax 1,188 276 Accumulated other comprehensive income (loss) $ 619 $ (5,222) |
Fair Value Measurement
Fair Value Measurement | 6 Months Ended |
Jun. 30, 2020 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurement | Fair Value Measurement The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In estimating fair value, the Company utilizes valuation techniques that are consistent with the market approach, income approach, and/or the cost approach. Inputs to valuation techniques include the assumptions that market participants would use in pricing an asset or liability including assumptions about the risk inherent in a particular valuation technique, the effect of a restriction on the sale or use of an asset and the risk of nonperformance. Marketable equity securities, debt securities available-for-sale, loans held for sale, and mortgage servicing rights are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such loans held for investment and certain other assets. These nonrecurring fair value adjustments typically involve application impairment write-downs of individual assets. The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the observable nature of the assumptions used to determine fair value. These levels are: 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 active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 - Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques. Marketable equity securities and debt securities available for sale - Marketable equity securities and debt securities available for sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage-backed securities issued by government sponsored entities, municipal bonds and corporate debt securities. The Company had no securities classified as Level 3 during any of the periods covered in these financial statements. Loans held for sale - Loans held for sale are carried at the lower of cost or fair value. The fair value of loans held for sale is based on what secondary markets are currently offering for loans with similar characteristics. As such, we classify those loans subjected to recurring fair value adjustments as Level 2. Individually evaluated loans - Loans are not recorded at fair value on a recurring basis. However, from time to time, certain loans have individual risk characteristics not consistent with a pool of loans and is individually evaluated for credit reserves. Loans for which it is probable that payment of interest and principal will not be made in accordance with the original contractual terms of the loan agreement are typically individually evaluated. The fair value of these loans are estimated using one of several methods, including collateral value, fair value of similar debt, enterprise value, liquidation value and discounted cash flows. Those loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans. Loans where an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. When the fair value of the collateral is based on an observable market price or a current appraised value which uses substantially observable data, the Company records the loan as nonrecurring Level 2. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value, or the appraised value contains a significant unobservable assumption, such as deviations from comparable sales, and there is no observable market price, the Company records the loan as nonrecurring Level 3. Foreclosed assets - Foreclosed assets include assets acquired through, or in lieu of, loan foreclosure. Foreclosed assets are held for sale and are initially recorded at fair value at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, management periodically performs valuations and the assets are carried at the lower of carrying amount or fair value less cost to sell. When the fair value of foreclosed assets is based on an observable market price or a current appraised value which uses substantially observable data, the Company records the loan as nonrecurring Level 2. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value, or the appraised value contains a significant unobservable assumption, such as deviations from comparable sales, and there is no observable market price, the Company records the foreclosed asset as nonrecurring Level 3. Revenue and expenses from operations and changes in the valuation allowance are included in other non-interest expense. Mortgage servicing rights - Mortgage servicing rights are carried at fair value. A valuation model, which utilizes a discounted cash flow analysis using a discount rate and prepayment speed assumptions is used in the computation of the fair value measurement. While the prepayment speed assumption is currently quoted for comparable instruments, the discount rate assumption currently requires a significant degree of management judgment and is therefore considered an unobservable input. As such, the Company classifies mortgage servicing rights subjected to recurring fair value adjustments as Level 3. The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis (in thousands): Fair value at June 30, 2020 Total Level 1 Level 2 Level 3 Marketable equity securities $ 3,033 $ 3,033 $ — $ — Debt securities available for sale: Obligations of U.S. government corporations and agencies 434,814 — 434,814 — Obligations of states and political subdivisions 109,646 — 109,646 — Corporate bonds 2,570 — 2,570 — Asset backed securities 449,250 — 449,250 — Loans held for sale 8,352 — 8,352 — Mortgage servicing rights 4,250 — — 4,250 Total assets measured at fair value $ 1,011,915 $ 3,033 $ 1,004,632 $ 4,250 Fair value at December 31, 2019 Total Level 1 Level 2 Level 3 Marketable equity securities $ 2,960 $ 2,960 $ — $ — Debt securities available for sale: Obligations of U.S. government corporations and agencies 472,980 — 472,980 — Obligations of states and political subdivisions 109,601 — 109,601 — Corporate bonds 2,532 — 2,532 — Asset backed securities 365,025 — 365,025 — Loans held for sale 5,265 — 5,265 — Mortgage servicing rights 6,200 — — 6,200 Total assets measured at fair value $ 964,563 $ 2,960 $ 955,403 $ 6,200 Transfers between levels of the fair value hierarchy are recognized on the actual date of the event or circumstances that caused the transfer, which generally corresponds with the Company’s quarterly valuation process. There were no transfers between any levels during the three and six months ended June 30, 2020, or the year ended December 31, 2019. The following table provides a reconciliation of assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the time periods indicated. Had there been any transfer into or out of Level 3 during the time periods indicated, the amount included in the “Transfers into (out of) Level 3” column would represent the beginning balance of an item in the period (interim quarter) during which it was transferred (in thousands): Three months ended June 30, Beginning Transfers Change Issuances Ending 2020: Mortgage servicing rights $ 5,168 — $ (1,236) $ 318 $ 4,250 2019: Mortgage servicing rights $ 6,572 — $ (552) $ 209 $ 6,229 Six months ended June 30, Beginning Transfers Change Issuances Ending 2020: Mortgage servicing rights $ 6,200 — $ (2,494) $ 544 $ 4,250 2019: Mortgage servicing rights $ 7,098 — $ (1,197) $ 328 $ 6,229 The key unobservable inputs used in determining the fair value of mortgage servicing rights are mortgage prepayment speeds and the discount rate used to discount cash projected cash flows. Generally, any significant increases in the mortgage prepayment speed and discount rate utilized in the fair value measurement of the mortgage servicing rights will result in a negative fair value adjustments (and decrease in the fair value measurement). Conversely, a decrease in the mortgage prepayment speed and discount rate will result in a positive fair value adjustment (and increase in the fair value measurement). The following table presents quantitative information about recurring Level 3 fair value measurements at June 30, 2020 and December 31, 2019: As of June 30, 2020: Fair Value Valuation Unobservable Range, Mortgage Servicing Rights $ 4,250 Discounted cash flow Constant prepayment rate 9% - 28%; 25% Discount rate 10% - 14%; 12% As of December 31, 2019: Mortgage Servicing Rights $ 6,200 Discounted cash flow Constant prepayment rate 6% - 42.0%; 11.0% Discount rate 10% - 14%; 12% The tables below present the recorded investment in assets and liabilities measured at fair value on a nonrecurring basis, as of the dates indicated (in thousands): June 30, 2020 Total Level 1 Level 2 Level 3 Total Losses Fair value: Individually evaluated loans $ 162 — — $ 162 $ (16) December 31, 2019 Total Level 1 Level 2 Level 3 Total Losses Fair value: Individually evaluated loans $ 1,055 — — $ 1,055 $ (652) Foreclosed assets 417 — — 417 (27) Total assets measured at fair value $ 1,472 — — $ 1,472 $ (679) June 30, 2019 Total Level 1 Level 2 Level 3 Total Losses Fair value: Individually evaluated loans $ 1,164 — — $ 1,164 $ (808) Foreclosed assets 454 — — 454 (63) Total assets measured at fair value $ 1,618 — — $ 1,618 $ (871) The individually evaluated loan amounts above represent collateral dependent loans that have been adjusted to fair value. When the Company identifies a collateral dependent loan with unique risk characteristics, the Company evaluates the need for an allowance using the current fair value of the collateral, less selling costs. Depending on the characteristics of a loan, the fair value of collateral is generally estimated by obtaining external appraisals. If the Company determines that the value of the loan is less than the recorded investment in the loan, the Company recognizes this impairment and adjust the carrying value of the loan to fair value through the allowance for credit losses. The loss represents charge-offs or impairments on collateral dependent loans for fair value adjustments based on the fair value of collateral. The carrying value of loans fully charged-off is zero. The foreclosed assets amount above represents impaired real estate that has been adjusted to fair value. Foreclosed assets represent real estate which the Company has taken control of in partial or full satisfaction of loans. At the time of foreclosure, other real estate owned is recorded at fair value less costs to sell, which becomes the property’s new basis. Any write-downs based on the asset’s fair value at the date of acquisition are charged to the allowance for credit losses. After foreclosure, management periodically performs valuations such that the real estate is carried at the lower of its new cost basis or fair value, net of estimated costs to sell. Fair value adjustments on other real estate owned are recognized within net loss on real estate owned. The loss represents impairments on real estate owned for fair value adjustments based on the fair value of the real estate. The Company’s property appraisals are primarily based on the sales comparison approach and income approach methodologies, which consider recent sales of comparable properties, including their income generating characteristics, and then make adjustments to reflect the general assumptions that a market participant would make when analyzing the property for purchase. These adjustments may increase or decrease an appraised value and can vary significantly depending on the location, physical characteristics and income producing potential of each property. Additionally, the quality and volume of market information available at the time of the appraisal can vary from period to period and cause significant changes to the nature and magnitude of comparable sale adjustments. Given these variations, comparable sale adjustments are generally not a reliable indicator for how fair value will increase or decrease from period to period. Under certain circumstances, management discounts are applied based on specific characteristics of an individual property. The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at June 30, 2020: June 30, 2020 Fair Value Valuation Unobservable Inputs Range, Individually evaluated loans $ 162 Sales comparison Adjustment for differences between Not meaningful The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at December 31, 2019: December 31, 2019 Fair Value Valuation Unobservable Inputs Range, Individually evaluated loans $ 1,055 Sales comparison Adjustment for differences between Not meaningfulN/A Foreclosed assets (Residential real estate) $ 417 Sales comparison Adjustment for differences between Not meaningfulN/A Fair values for financial instruments are management’s estimates of the values at which the instruments could be exchanged in a transaction between willing parties. The Company uses the exit price notion when measuring the fair value of financial instruments. These estimates are subjective and may vary significantly from amounts that would be realized in actual transactions. In addition, other significant assets are not considered financial assets including, any mortgage banking operations, deferred tax assets, and premises and equipment. Further, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on the fair value estimates and have not been considered in any of these estimates. June 30, 2020 December 31, 2019 (in thousands) Carrying Fair Carrying Fair Financial assets: Level 1 inputs: Cash and due from banks $ 78,666 $ 78,666 $ 92,816 $ 92,816 Cash at Federal Reserve and other banks 627,186 627,186 183,691 183,691 Level 2 inputs: Securities held to maturity 337,165 354,179 375,606 381,525 Restricted equity securities 17,250 N/A 17,250 N/A Level 3 inputs: Loans, net 4,721,666 4,716,869 4,276,750 4,263,064 Financial liabilities: Level 2 inputs: Deposits 6,248,258 6,250,757 5,366,994 5,365,921 Other borrowings 38,544 38,544 18,454 18,454 Level 3 inputs: Junior subordinated debt 57,422 56,388 57,232 56,297 (in thousands) Contract Fair Contract Fair Off-balance sheet: Level 3 inputs: Commitments $ 1,366,576 $ 13,666 $ 1,309,326 $ 13,093 Standby letters of credit 11,034 110 12,014 120 Overdraft privilege commitments 110,468 1,105 110,402 1,104 |
Regulatory Matters
Regulatory Matters | 6 Months Ended |
Jun. 30, 2020 | |
Banking and Thrift [Abstract] | |
Regulatory Matters | Regulatory Matters The Company is subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios (set forth in the table below) of total, Tier 1, and common equity Tier 1 capital to risk-weighted assets, and of Tier 1 capital to average assets. The following tables present actual and required capital ratios as of June 30, 2020 and December 31, 2019 for the Company and the Bank under applicable Basel III Capital Rules. The minimum capital amounts presented include the minimum required capital levels as of June 30, 2020 and December 31, 2019 based on the then phased-in provisions of the Basel III Capital Rules. As of January 1, 2019, the minimum required capital levels of the Basel III Capital Rules have been fully phased-in. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules. Actual Required for Capital Adequacy Purposes Required to be As of June 30, 2020: Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets): Consolidated $ 760,120 15.13 % $ 527,598 10.50 % N/A N/A Tri Counties Bank $ 755,481 15.04 % $ 527,409 10.50 % $ 502,294 10.00 % Tier 1 Capital (to Risk Weighted Assets): Consolidated $ 697,043 13.87 % $ 427,103 8.50 % N/A N/A Tri Counties Bank $ 692,448 13.79 % $ 426,950 8.50 % $ 401,835 8.00 % Common equity Tier 1 Capital (to Risk Weighted Assets): Consolidated $ 641,346 12.76 % $ 351,732 7.00 % N/A N/A Tri Counties Bank $ 692,448 13.79 % $ 351,606 7.00 % $ 326,491 6.50 % Tier 1 Capital (to Average Assets): Consolidated $ 697,043 10.28 % $ 271,269 4.00 % N/A N/A Tri Counties Bank $ 692,448 10.21 % $ 271,263 4.00 % $ 339,079 5.00 % Actual Required for Capital Adequacy Purposes Required to be As of December 31, 2019: Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets): Consolidated $ 753,200 15.07 % $ 524,944 10.50 % N/A N/A Tri Counties Bank $ 748,660 14.98 % $ 524,759 10.50 % $ 499,770 10.00 % Tier 1 Capital (to Risk Weighted Assets): Consolidated $ 719,809 14.40 % $ 424,955 8.50 % N/A N/A Tri Counties Bank $ 715,269 14.31 % $ 424,805 8.50 % $ 399,816 8.00 % Common equity Tier 1 Capital (to Risk Weighted Assets): Consolidated $ 664,296 13.29 % $ 349,963 7.00 % N/A N/A Tri Counties Bank $ 715,269 14.31 % $ 349,839 7.00 % $ 324,851 6.50 % Tier 1 Capital (to Average Assets): Consolidated $ 719,809 11.55 % $ 249,343 4.00 % N/A N/A Tri Counties Bank $ 715,269 11.47 % $ 249,337 4.00 % $ 311,672 5.00 % As of June 30, 2020 and December 31, 2019, capital levels at the Company and the Bank exceed all capital adequacy requirements under the Basel III Capital Rules. Also, at June 30, 2020 and December 31, 2019, the Bank’s capital levels exceeded the minimum amounts necessary to be considered well capitalized under the current regulatory framework for prompt corrective action. The Basel III Capital Rules require for all banking organizations to maintain a capital conservation buffer above the minimum risk-based capital requirements in order to avoid certain limitations on capital distributions, stock repurchases and discretionary bonus payments to executive officers. The capital conservation buffer is exclusively composed of common equity tier 1 capital, and it applies to each of the risk-based capital ratios but not the leverage ratio. At June 30, 2020, the Company and the Bank are in compliance with the capital conservation buffer requirement. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2020 | |
Accounting Policies [Abstract] | |
Description of Business and Basis of Presentation | TriCo Bancshares (the “Company” or “we”) is a California corporation organized to act as a bank holding company for Tri Counties Bank (the “Bank”). The Company and the Bank are headquartered in Chico, California. The Bank is a California-chartered bank that is engaged in the general commercial banking business in 29 California counties. The Company has five capital subsidiary business trusts (collectively, the “Capital Trusts”) that issued trust preferred securities, including two organized by the Company and three acquired with the acquisition of North Valley Bancorp. The consolidated financial statements are prepared in accordance with accounting policies generally accepted in the United States of America and general practices in the banking industry. All adjustments necessary for a fair presentation of these consolidated financial statements have been included and are of a normal and recurring nature. The financial statements include the accounts of the Company. All inter-company accounts and transactions have been eliminated in consolidation. For financial reporting purposes, the Company’s investments in the Capital Trusts of $1,761,000 are accounted for under the equity method and, accordingly, are not consolidated and are included in other assets on the consolidated balance sheet. The subordinated debentures issued and guaranteed by the Company and held by the Capital Trusts are reflected as debt on the Company’s consolidated balance sheet. |
Use of Estimates in the Preparation of Financial Statements | The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 (the “2019 Annual Report”). The Company believes that the disclosures made are adequate to make the information not misleading. |
Segment and Significant Group Concentration of Credit Risk | The Company grants agribusiness, commercial, consumer, and residential loans to customers located throughout northern and central California. The Company has a diversified loan portfolio within the business segments located in this geographical area. The Company currently classifies all its operation into one business segment that it denotes as community banking. |
Geographical Descriptions | For the purpose of describing the geographical location of the Company’s operations, the Company has defined northern California as that area of California north of, and including, Stockton to the east and San Jose to the west; central California as that area of the state south of Stockton and San Jose, to and including, Bakersfield to the east and San Luis Obispo to the west; and southern California as that area of the state south of Bakersfield and San Luis Obispo. |
Reclassification | Some items in the prior year consolidated financial statements were reclassified to conform to the current presentation. Reclassifications had no effect on prior year net income or shareholders’ equity. |
Cash and Cash Equivalents | Net cash flows are reported for loan and deposit transactions and other borrowings. For purposes of the consolidated statement of cash flows, cash, due from banks with original maturities less than 90 days, interest-earning deposits in other banks, and Federal funds sold are considered to be cash equivalents. |
Allowance for Credit Losses - Held to Maturity Securities | The Company measures expected credit losses on held-to-maturity debt securities on a collective basis by major security type, then further disaggregated by sector and bond rating. Accrued interest receivable on held-to-maturity (HTM) debt securities totaled $860,000 at June 30, 2020 and is excluded from the estimate of credit losses. The estimate of expected credit losses considers historical credit loss information that is adjusted for current condition and reasonable and supportable forecasts based on current and expected changes in credit ratings and default rates. Based on the implied guarantees of the U. S. Government or its agencies related to certain of these investment securities, and the absence of any historical or expected losses, substantially all qualify for a zero loss assumption. Management has separately evaluated its HTM investment securities from obligations of state and political subdivisions utilizing the historical loss data represented by similar securities over a period of time spanning nearly 50 years. As a result of this evaluation, management determined that the expected credit losses associated with these securities is not significant for financial reporting purposes and therefore, no allowance for credit losses has been recognized. |
Loans | Loans that management has the intent and ability to hold until maturity or payoff are reported at principle amount outstanding, net of deferred loan fees and costs. Loans are placed in nonaccrual status when reasonable doubt exists as to the full, timely collection of interest or principal, or a loan becomes contractually past due by 90 days or more with respect to interest or principal and is not well secured and in the process of collection. When a loan is placed on nonaccrual status, all interest previously accrued but not collected is reversed against interest income. Income on such loans is then recognized only to the extent that cash is received and where the future collection of principal is considered probable. Interest accruals are resumed on such loans only when they are brought fully current with respect to interest and principal and when, in the judgment of Management, the loan is estimated to be fully collectible as to both principal and interest. Accrued interest receivable is not included in the calculation of the allowance for credit losses. |
Allowance for Credit Losses - Loans | The allowance for credit losses (ACL) is a valuation account that is deducted from the loan's amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the allowance when management believes the recorded loan balance is confirmed as uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Regardless of the determination that a charge-off is appropriate for financial accounting purposes, the Company manages its loan portfolio by continually monitoring, where possible, a borrower's ability to pay through the collection of financial information, delinquency status, borrower discussion and the encouragement to repay in accordance with the original contract or modified terms, if appropriate. Management estimates the allowance balance using relevant information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. The allowance for credit losses is measured on a collective (pool) basis when similar risk characteristics exist. Historical credit loss experience provides the basis for the estimation of expected credit losses, which captures loan balances as of a point in time to form a cohort, then tracks the respective losses generated by that cohort of loans over the remaining life. The Company identified and accumulated loan cohort historical loss data beginning with the fourth quarter of 2008 and through the current period. In situations where the Company's actual loss history was not statistically relevant, the loss history of peers, defined as financial institutions with assets greater than three billion and less than ten billion, were utilized to create a minimum loss rate. Adjustments to historical loss information are made for differences in relevant current loan-specific risk characteristics, such as historical timing of losses relative to the loan origination. In its loss forecasting framework, the Company incorporates forward-looking information through the use of macroeconomic scenarios applied over the forecasted life of the assets. These macroeconomic scenarios incorporate variables that have historically been key drivers of increases and decreases in credit losses. These variables include, but are not limited to changes in environmental conditions, such as California unemployment rates, household debt levels and U.S. gross domestic product. A loan is considered to be collateral dependent when repayment is expected to be provided substantially through the operation or sale of the collateral. The ACL on collateral dependent loans is measured using the fair value of the underlying collateral, adjusted for costs to sell when applicable, less the amortized cost basis of the financial asset. If the value of underlying collateral is determined to be less than the recorded amount of the loan, a charge-off will be taken. Loans for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, is considered to be a troubled debt restructuring (TDR). The ACL on a TDR is measured using the same method as all other portfolio loans, except when the value of a concession cannot be measured using a method other than the discounted cash flow method. When the value of a concession is measured using the discounted cash flow method, the ACL is determined by discounting the expected future cash flows at the original interest rate of the loan. The Company has identified the following portfolio segments to evaluate and measure the allowance for credit loss: Commercial real estate : Commercial real estate - Non-owner occupied: These commercial properties typically consist of buildings which are leased to others for their use and rely on rents as the primary source of repayment. Property types are predominantly office, retail, or light industrial but the portfolio also has some special use properties. As such, the risk of loss associated with these properties is primarily driven by general economic changes or changes in regional economies and the impact of such on a tenant’s ability to pay. Ultimately this can affect occupancy, rental rates, or both. Additional risk of loss can come from new construction resulting in oversupply, the costs to hold or operate the property, or changes in interest rates. The terms on these loans at origination typically have maturities from five fifteen Commercial real estate - Owner occupied: These credits are primarily susceptible to changes in the financial condition of the business operated by the property owner. This may be driven by changes in, among other things, industry challenges, factors unique to the operating geography of the borrower, change in the individual fortunes of the business owner, general economic conditions and changes in business cycles. When default is driven by issues related specifically to the business owner, collateral values tend to provide better repayment support and may result in little or no loss. Alternatively, when default is driven more by general economic conditions, the underlying collateral may have devalued more and thus result in larger losses in the event of default. The terms on these loans at origination typically have maturities from five fifteen Multifamily: These commercial properties are generally comprised of more than four rentable units, such as apartment buildings, with each unit intended to be occupied as the primary residence for one or more persons. Multifamily properties are also subject to changes in general or regional economic conditions, such as unemployment, ultimately resulting in increased vacancy rates or reduced rents or both. In addition, new construction can create an oversupply condition and market competition resulting in increased vacancy, reduced market rents, or both. Due to the nature of their use and the greater likelihood of tenant turnover, the management of these properties is more intensive and therefore is more critical to the preclusion of loss. Farmland: While the Company has few loans that were originated for the purpose of the acquisition of these commercial properties, loans secured by farmland represent unique risks that are associated with the operation of an agricultural businesses. The valuation of farmland can vary greatly over time based on the property's access to resources including but not limited to water, crop prices, foreign exchange rates, government regulation or restrictions, and the nature of ongoing capital investment needed to maintain the quality of the property. Loans secured by farmland typically represent less risk to the Company than other agriculture loans as the real estate typically provides greater support in the event of default or need for longer term repayment. Consumer loans : SFR 1-4 1st DT Liens: The most significant drivers of potential loss within the Company's residential real estate portfolio relate general, regional, or individual changes in economic conditions and their effect on employment and borrowers cash flow. Risk in this portfolio is best measured by changes in borrower credit score and loan-to-value. Loss estimates are based on the general movement in credit score, economic outlook and its effects on employment and the value of homes and the Bank’s historical loss experience adjusted to reflect the economic outlook and the unemployment rate. SFR HELOCs and Junior Liens: Similar to residential real estate term loans, HELOCs and junior liens performance is also primarily driven by borrower cash flows based on employment status. However, HELOCs carry additional risks associated with the fact that most of these loans are secured by a deed of trust in a position that is junior to the primary lien holder. Furthermore, the risk that as the borrower's financial strength deteriorates, the outstanding balance on these credit lines may increase as they may only be canceled by the Company if certain limited criteria are met. In addition to the allowance for credit losses maintained as a percent of the outstanding loan balance, the Company maintains additional reserves for the unfunded portion of the HELOC. Other: The majority of consumer loans are secured by automobiles, with the remainder primarily unsecured revolving debt (credit cards). These loans are susceptible to three primary risks; non-payment due to income loss, over-extension of credit and, when the borrower is unable to pay, shortfall in collateral value, if any. Typically non-payment is due to loss of job and will follow general economic trends in the marketplace driven primarily by rises in the unemployment rate. Loss of collateral value can be due to market demand shifts, damage to collateral itself or a combination of those factors. Credit card loans are unsecured and while collection efforts are pursued in the event of default, there is typically limited opportunity for recovery. Loss estimates are based on the general movement in credit score, economic outlook and its effects on employment and the Bank’s historical loss experience adjusted to reflect the economic outlook and the unemployment rate. Commercial and Industrial: Repayment of these loans is primarily based on the cash flow of the borrower, and secondarily on the underlying collateral provided by the borrower. A borrower's cash flow may be unpredictable, and collateral securing these loans may fluctuate in value. Most often, collateral includes accounts receivable, inventory, or equipment. Collateral securing these loans may depreciate over time, may be difficult to appraise, may be illiquid and may fluctuate in value based on the success of the business. Actual and forecast changes in gross domestic product are believed to be corollary to losses associated with these credits. Construction : While secured by real estate, construction loans represent a greater level of risk than term real estate loans due to the nature of the additional risks associated with the not only the completion of construction within an estimated time period and budget, but also the need to either sell the building or reach a level of stabilized occupancy sufficient to generate the cash flows necessary to support debt service and operating costs. The Company seeks to mitigate the additional risks associated with construction lending by requiring borrowers to comply with lower loan to value ratios and additional covenants as well as strong tertiary support of guarantors. The loss forecasting model applies the historical rate of loss for similar loans over the expected life of the asset as adjusted for macroeconomic factors. Agriculture Production: Repayment of agricultural loans is dependent upon successful operation of the agricultural business, which is greatly impacted by factors outside the control of the borrower. These factors include adverse weather conditions, including access to water, that may impact crop yields, loss of livestock due to disease or other factors, declines in market prices for agriculture products, changes in foreign exchange, and the impact of government regulations. In addition, many farms are dependent on a limited number of key individuals whose injury or death may significantly affect the successful operation of the business. Consequently, agricultural production loans may involve a greater degree of risk than other types of loans. Leases: The loss forecasting model applies the historical rate of loss for similar loans over the expected life of the asset. Leases typically represent an elevated level of credit risk as compared to loans secured by real estate as the collateral for leases is often subject to a more rapid rate of depreciation or depletion. The ultimate severity of loss is impacted by the type of collateral securing the exposure, the size of the exposure, the borrower’s industry sector, any guarantors and the geographic market. Assumptions of expected loss are conditioned to the economic outlook and the other variables discussed above. Unfunded commitments : The estimated credit losses associated with these unfunded lending commitments is calculated using the same models and methodologies noted above and incorporate utilization assumptions at time of default. The reserve for unfunded commitments is maintained on the consolidated balance sheet in other liabilities. |
Accounting Standards Adopted in 2020 and Pending Adoption | On January 1, 2020, the Company adopted ASU 2016-03 Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which replaces the incurred loss methodology that is referred to as the current expected credit loss (CECL) methodology. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized costs, including loan receivables and held-to-maturity debt securities. It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in certain leases. In addition, ASC 326 made changes to the accounting for available for sale debt securities. One such change is to require increases or decreases in credit losses be presented as an allowance rather than as a write-down on available for sale debt securities, based on management's intent to sell the security or likelihood the Company will be required to sell the security, before recovery of the amortized cost basis. The Company adopted ASC 326 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for the reporting periods beginning after January 1, 2020 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The Company adopted ASC 326 using the prospective transition approach for financial assets purchased with credit deterioration (PCD) that were previously classified as purchase credit impaired (PCI) and accounted for under ASC 310-30. In accordance with ASC 326, management did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. The remaining noncredit discount (based on the adjusted amortized costs basis) will be accreted into interest income at the effective interest rate as of adoption. The Company recognized an increase in the ACL for loans totaling $18,913,000, including a reclassification of $481,000 from discounts on acquired loans to the allowance for credit losses, as a cumulative effect adjustment from change in accounting policies, with a corresponding decrease in retained earnings, net of $5,449,000 in taxes of $12,983,000. Management has separately evaluated its held-to-maturity investment securities from obligations of state and political subdivisions and determined that no loss reserves were required. On January 1, 2020 the Company adopted ASU 2017-04, Intangibles—Goodwill and Other: Simplifying the Test for Goodwill Impairment (Topic 350), which eliminates step two of the goodwill impairment test (the hypothetical purchase price allocation used to determine the implied fair value of goodwill) when step one (determining if the carrying value of a reporting unit exceeds its fair value) is failed. Instead, entities simply will compare the fair value of a reporting unit to its carrying amount and record goodwill impairment for the amount by which the reporting unit’s carrying amount exceeds its fair value. There was no goodwill impairment recorded during the three and six month periods ended June 30, 2020. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted in response to the Coronavirus Disease 2019 (COVID-19) pandemic. The CARES Act provides optional temporary relief from troubled debt restructuring and impairment accounting requirements for loan modifications related to the COVID-19 pandemic made during the period from March 1, 2020 to the earlier of December 31, 2020 or 60 days after the national emergency concerning COVID-19 declared by the President terminates. Following the passage of the CARES Act legislation, the "Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus" was issued by federal bank regulators, which similarly offers temporary relief from troubled debt restructuring accounting for loan payment deferrals for certain customers whose businesses are experiencing economic hardship due to Coronavirus. The Interagency Statement requires the modification event to be short-term and COVID-19 related, requiring the borrower be not more than 30 days past due as of the date the modification program was implemented, and allowing Management to apply judgement as when the modification program terminates. The ability to suspend TDR accounting under either program does not apply to any adverse impact on the credit of a borrower that is not related to the COVID-19 pandemic. FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The guidance also promotes consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. ASU No. 2019-12 will be effective for the Company beginning January 1, 2021 and is not expected to have a significant impact on the Company’s consolidated financial statements. FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. |
Investment Securities (Tables)
Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Investments, Debt and Equity Securities [Abstract] | |
Amortized Cost and Estimated Fair Values of Investments Securities | The amortized cost, estimated fair values and allowance for credit losses of investments in debt securities are summarized in the following tables: June 30, 2020 (in thousands) Amortized Gross Gross Allowance for Credit Losses Estimated Debt Securities Available for Sale Obligations of U.S. government agencies $ 414,494 $ 20,320 $ — $ — $ 434,814 Obligations of states and political subdivisions 104,811 4,835 — — 109,646 Corporate bonds 2,444 126 — — 2,570 Asset backed securities 465,746 37 (16,533) — 449,250 Total debt securities available for sale $ 987,495 $ 25,318 $ (16,533) $ — $ 996,280 June 30, 2020 (in thousands) Amortized Gross Gross Estimated Allowance for Credit Losses Debt Securities Held to Maturity Obligations of U.S. government agencies $ 324,976 $ 16,596 $ — $ 341,572 $ — Obligations of states and political subdivisions 12,189 418 — 12,607 — Total debt securities held to maturity $ 337,165 $ 17,014 $ — $ 354,179 $ — December 31, 2019 (in thousands) Amortized Gross Gross Estimated Debt Securities Available for Sale Obligations of U.S. government agencies $ 466,139 $ 7,261 $ (420) $ 472,980 Obligations of states and political subdivisions 106,373 3,229 (1) 109,601 Corporate bonds 2,430 102 — 2,532 Asset backed securities 371,809 129 (6,913) 365,025 Total debt securities available for sale $ 946,751 $ 10,721 $ (7,334) $ 950,138 Debt Securities Held to Maturity Obligations of U.S. government agencies 361,785 6,072 (480) 367,377 Obligations of states and political subdivisions 13,821 327 — 14,148 Total debt securities held to maturity $ 375,606 $ 6,399 $ (480) $ 381,525 |
Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity | As of June 30, 2020, the contractual final maturity for available for sale and held to maturity investment securities is as follows: Debt Securities Available for Sale Held to Maturity (in thousands) Amortized Estimated Amortized Estimated Due in one year $ 600 $ 600 $ 1,287 $ 1,289 Due after one year through five years 17,981 18,690 — — Due after five years through ten years 114,403 113,718 21,156 22,231 Due after ten years 854,511 863,272 314,722 330,659 Totals $ 987,495 $ 996,280 $ 337,165 $ 354,179 |
Gross Unrealized Losses on Investment Securities | Gross unrealized losses on debt securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows: June 30, 2020: Less than 12 months 12 months or more Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Debt Securities Available for Sale Asset backed securities $ 153,086 $ (2,742) $ 291,893 $ (13,791) $ 444,979 $ (16,533) December 31, 2019: Less than 12 months 12 months or more Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Debt Securities Available for Sale Obligations of U.S. government agencies $ 36,709 $ (309) $ 23,852 $ (111) $ 60,561 $ (420) Obligations of states and political subdivisions 778 (1) — — 778 (1) Asset backed securities 237,463 (4,535) 99,981 (2,378) 337,444 (6,913) Total debt securities available for sale $ 274,950 $ (4,845) $ 123,833 $ (2,489) $ 398,783 $ (7,334) Debt Securities Held to Maturity Obligations of U.S. government agencies 18,813 (142) 62,952 (338) 81,765 (480) |
Amortized Cost of Debt Securities Held-to-Maturity | The following table summarizes the amortized cost of debt securities held-to-maturity at the dates indicated, aggregated by credit quality indicator: June 30, 2020 December 31, 2019 AAA/AA/A BBB/BB/B AAA/AA/A BBB/BB/B (In thousands) (In thousands) Debt Securities Held to Maturity Obligations of U.S. government agencies $ 324,976 $ — $ 361,785 $ — Obligations of states and political subdivisions 11,496 693 13,136 685 Total debt securities held to maturity $ 336,472 $ 693 $ 374,921 $ 685 |
Loans (Tables)
Loans (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Receivables [Abstract] | |
Summary of Loan Balances | A summary of loan balances follows: (in thousands) June 30, 2020 December 31, 2019 Commercial real estate: CRE non-owner occupied $ 1,596,941 $ 1,609,556 CRE owner occupied 579,803 546,434 Multifamily 577,217 517,725 Farmland 151,524 145,067 Total commercial real estate loans 2,905,485 2,818,782 Consumer: SFR 1-4 1st DT liens 506,069 509,508 SFR HELOCs and junior liens 358,087 362,886 Other 81,513 82,656 Total consumer loans 945,669 955,050 Commercial and industrial 634,481 249,791 Construction 278,566 249,827 Agriculture production 35,441 32,633 Leases 1,763 1,283 Total loans, net of deferred loan fees and discounts 4,801,405 4,307,366 Total principal balance of loans owed, net of charge-offs 4,854,351 4,351,725 Unamortized net deferred loan fees (22,500) (8,927) Discounts to principal balance of loans owed, net of charge-offs (30,446) (35,432) Total loans, net of unamortized deferred loan fees and discounts 4,801,405 4,307,366 Allowance for credit losses on loans $ (79,739) $ (30,616) |
Allowance for Credit Losses o_2
Allowance for Credit Losses on Loans (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Allowance For Loan And Lease Losses [Abstract] | |
Summary of Activity in Allowance for Loan Losses, and Ending Balance of Loans, Net of Unearned Fees for Periods Indicated | The following tables summarize the activity in the allowance for credit losses on loans, and ending balance of loans, net of unearned fees for the periods indicated: Allowance for Loan Losses – Three Months Ended June 30, 2020 (in thousands) Beginning Charge-offs Recoveries Provision Ending Commercial real estate: CRE non-owner occupied $ 18,034 $ — $ 5 $ 8,052 $ 26,091 CRE owner occupied 5,366 — 4 3,340 8,710 Multifamily 5,140 — — 3,441 8,581 Farmland 713 — — 755 1,468 Total commercial real estate loans 29,253 — 9 15,588 44,850 Consumer: SFR 1-4 1st DT liens 5,650 (11) 2 2,374 8,015 SFR HELOCs and junior liens 11,196 (23) 92 843 12,108 Other 2,746 (243) 72 467 3,042 Total consumer loans 19,592 (277) 166 3,684 23,165 Commercial and industrial 3,867 (214) 55 310 4,018 Construction 4,595 — — 2,180 6,775 Agriculture production 593 — — 326 919 Leases 11 — — 1 12 Total $ 57,911 $ (491) $ 230 $ 22,089 $ 79,739 Allowance for Loan Losses – Six months ended June 30, 2020 (in thousands) Beginning Impact of CECL Adoption Charge-offs Recoveries Provision Ending Commercial real estate: CRE non-owner occupied $ 5,948 $ 6,701 $ — $ 193 $ 13,249 $ 26,091 CRE owner occupied 2,027 2,281 — 9 4,393 8,710 Multifamily 3,352 2,281 — — 2,948 8,581 Farmland 668 585 — — 215 1,468 Total commercial real estate loans 11,995 11,848 — 202 20,805 44,850 Consumer: SFR 1-4 1st DT liens 2,306 2,675 (11) 412 2,633 8,015 SFR HELOCs and junior liens 6,183 4,638 (23) 140 1,170 12,108 Other 1,595 971 (373) 167 682 3,042 Total consumer loans 10,084 8,284 (407) 719 4,485 23,165 Commercial and industrial 4,867 (1,961) (594) 181 1,525 4,018 Construction 3,388 933 — — 2,454 6,775 Agriculture production 261 (179) — 20 817 919 Leases 21 (12) — — 3 12 Total $ 30,616 $ 18,913 $ (1,001) $ 1,122 $ 30,089 $ 79,739 Allowance for Loan Losses – Year Ended December 31, 2019 (in thousands) Beginning Charge-offs Recoveries Provision Ending Balance Commercial real estate: CRE non-owner occupied $ 7,401 $ — $ 1,486 $ (2,939) $ 5,948 CRE owner occupied 2,711 (746) 42 20 2,027 Multifamily 2,429 — — 923 3,352 Farmland 403 — — 265 668 Total commercial real estate loans 12,944 (746) 1,528 (1,731) 11,995 Consumer: SFR 1-4 1st DT liens 2,676 (2) 54 (422) 2,306 SFR HELOCs and junior liens 7,582 (3) 935 (2,331) 6,183 Other 793 (765) 321 1,246 1,595 Total consumer loans 11,051 (770) 1,310 (1,507) 10,084 Commercial and industrial 5,610 (2,104) 513 848 4,867 Construction 2,497 — — 891 3,388 Agriculture production 480 (19) 12 (212) 261 Leases — — — 21 21 Total $ 32,582 $ (3,639) $ 3,363 $ (1,690) $ 30,616 Allowance for Loan Losses – Three Months Ended June 30, 2019 (in thousands) Beginning Charge-offs Recoveries Provision Ending Balance Commercial real estate: CRE non-owner occupied $ 6,268 $ — $ 6 $ (92) $ 6,182 CRE owner occupied 2,323 — 4 (113) 2,214 Multifamily 3,271 — — (189) 3,082 Farmland 468 — — 153 621 Total commercial real estate loans 12,330 — 10 (241) 12,099 Consumer: — SFR 1-4 1st DT liens 2,500 (2) 3 75 2,576 SFR HELOCs and junior liens 7,301 — 354 (554) 7,101 Other 1,040 (153) 108 456 1,451 Total consumer loans 10,841 (155) 465 (23) 11,128 Commercial and industrial 5,854 (138) 84 681 6,481 Construction 2,815 — — 81 2,896 Agriculture production 224 — 1 39 264 Leases — — — — — Total $ 32,064 $ (293) $ 560 $ 537 $ 32,868 Allowance for Loan Losses – Six months ended June 30, 2019 (in thousands) Beginning Charge-offs Recoveries Provision Ending Balance Commercial real estate: CRE non-owner occupied $ 7,401 $ — $ 1,383 $ (2,602) $ 6,182 CRE owner occupied 2,711 — 8 (505) 2,214 Multifamily 2,429 — — 653 3,082 Farmland 403 — — 218 621 Total commercial real estate loans 12,944 — 1,391 (2,236) 12,099 Consumer: SFR 1-4 1st DT liens 2,676 (2) 5 (103) 2,576 SFR HELOCs and junior liens 7,582 — 536 (1,017) 7,101 Other 793 (360) 183 835 1,451 Total consumer loans 11,051 (362) 724 (285) 11,128 Commercial and industrial 5,610 (657) 242 1,286 6,481 Construction 2,497 — — 399 2,896 Agriculture production 480 — 11 (227) 264 Leases — — — — — Total $ 32,582 $ (1,019) $ 2,368 $ (1,063) $ 32,868 |
Schedule Credit Quality Indicators | Based on the most recent analysis performed, the risk category of loans by class of loans is as follows for the period indicated: Term Loans Amortized Cost Basis by Origination Year – As of June 30, 2020 (in thousands) 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Commercial real estate: CRE non-owner occupied risk ratings Pass $ 68,986 $ 255,297 $ 178,000 $ 273,918 $ 207,896 $ 519,597 $ 66,225 $ — $ 1,569,919 Special Mention — 1,266 — 1,712 7,374 603 11,014 — 21,969 Substandard — — 1,479 466 — 3,108 — — 5,053 Doubtful/Loss — — — — — — — — — Total CRE non-owner occupied risk ratings $ 68,986 $ 256,563 $ 179,479 $ 276,096 $ 215,270 $ 523,308 $ 77,239 $ — $ 1,596,941 Commercial real estate: CRE owner occupied risk ratings Pass $ 50,412 $ 61,065 $ 52,394 $ 65,943 $ 63,286 $ 249,270 $ 17,464 $ — $ 559,834 Special Mention — — — 4,302 3,821 5,602 — — 13,725 Substandard — 1,459 — 484 693 3,608 — — 6,244 Doubtful/Loss — — — — — — — — — Total CRE owner occupied risk ratings $ 50,412 $ 62,524 $ 52,394 $ 70,729 $ 67,800 $ 258,480 $ 17,464 $ — $ 579,803 Commercial real estate: Multifamily risk ratings Pass $ 47,118 $ 90,562 $ 109,562 $ 73,089 $ 94,016 $ 130,181 $ 28,518 $ — $ 573,046 Special Mention 67 — — 612 — — 1,468 — 2,147 Substandard — — — — 2,024 — — — 2,024 Doubtful/Loss — — — — — — — — — Total multifamily loans $ 47,185 $ 90,562 $ 109,562 $ 73,701 $ 96,040 $ 130,181 $ 29,986 $ — $ 577,217 Term Loans Amortized Cost Basis by Origination Year – As of June 30, 2020 (in thousands) 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Commercial real estate: Farmland risk ratings Pass $ 6,510 $ 27,441 $ 20,217 $ 11,885 $ 8,930 $ 21,473 $ 42,694 $ — $ 139,150 Special Mention — — — 1,271 226 3,277 1,512 — 6,286 Substandard — 699 — 614 451 2,603 1,721 — 6,088 Doubtful/Loss — — — — — — — — — Total farmland loans $ 6,510 $ 28,140 $ 20,217 $ 13,770 $ 9,607 $ 27,353 $ 45,927 $ — $ 151,524 Consumer loans: SFR 1-4 1st DT liens risk ratings Pass $ 61,920 $ 90,702 $ 51,816 $ 64,342 $ 56,167 $ 163,073 $ — $ 5,708 $ 493,728 Special Mention — 292 74 556 17 1,735 — 509 3,183 Substandard — — 564 1,839 948 4,980 — 827 9,158 Doubtful/Loss — — — — — — — — — Total SFR 1st DT liens $ 61,920 $ 90,994 $ 52,454 $ 66,737 $ 57,132 $ 169,788 $ — $ 7,044 $ 506,069 Consumer loans: SFR HELOCs and Junior Liens Pass $ — $ 500 $ 13 $ 375 $ 373 $ 1,716 $ 324,511 $ 17,075 $ 344,563 Special Mention — — 18 — — 37 4,828 795 5,678 Substandard — — — — 134 66 5,818 1,828 7,846 Doubtful/Loss — — — — — — — — — Total SFR HELOCs and Junior Liens $ — $ 500 $ 31 $ 375 $ 507 $ 1,819 $ 335,157 $ 19,698 $ 358,087 Term Loans Amortized Cost Basis by Origination Year – As of June 30, 2020 (in thousands) 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Consumer loans: Other risk ratings Pass $ 14,687 $ 37,507 $ 18,556 $ 5,471 $ 1,555 $ 1,530 $ 1,148 $ — $ 80,454 Special Mention 24 104 211 93 36 118 93 — 679 Substandard — 133 83 73 15 54 22 — 380 Doubtful/Loss — — — — — — — — — Total other consumer loans $ 14,711 $ 37,744 $ 18,850 $ 5,637 $ 1,606 $ 1,702 $ 1,263 $ — $ 81,513 Commercial and industrial loans: Commercial and industrial risk ratings Pass $ 439,901 $ 54,477 $ 26,595 $ 20,081 $ 7,530 $ 12,517 $ 66,817 $ 1,240 $ 629,158 Special Mention — — 65 348 113 80 1,043 12 1,661 Substandard — 145 60 1,224 1,036 141 924 132 3,662 Doubtful/Loss — — — — — — — — — Total commercial and industrial loans $ 439,901 $ 54,622 $ 26,720 $ 21,653 $ 8,679 $ 12,738 $ 68,784 $ 1,384 $ 634,481 Construction loans: Construction risk ratings Pass $ 39,391 $ 57,143 $ 105,394 $ 45,971 $ 20,782 $ 3,089 $ — $ — $ 271,770 Special Mention — — — 346 4,385 1,824 — — 6,555 Substandard — — — — — 241 — — 241 Doubtful/Loss — — — — — — — — — Total construction loans $ 39,391 $ 57,143 $ 105,394 $ 46,317 $ 25,167 $ 5,154 $ — $ — $ 278,566 Term Loans Amortized Cost Basis by Origination Year – As of June 30, 2020 (in thousands) 2020 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Agriculture production loans: Agriculture production risk ratings Pass $ 59 $ 1,744 $ 1,060 $ 907 $ 787 $ 595 $ 29,856 $ — $ 35,008 Special Mention — — — — — — — — — Substandard — — — — 19 (12) 426 — 433 Doubtful/Loss — — — — — — — — — Total agriculture production loans $ 59 $ 1,744 $ 1,060 $ 907 $ 806 $ 583 $ 30,282 $ — $ 35,441 Leases: Lease risk ratings Pass $ 1,763 $ — $ — $ — $ — $ — $ — $ — $1,763 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful/Loss — — — — — — — — — Total leases $ 1,763 $ — $ — $ — $ — $ — $ — $ — $ 1,763 Total loans outstanding: Risk ratings Pass $ 730,747 $ 676,438 $ 563,607 $ 561,982 $ 461,322 $ 1,103,041 $ 577,233 $ 24,023 $ 4,698,393 Special Mention 91 1,662 368 9,240 15,972 13,276 19,958 1,316 61,883 Substandard — 2,436 2,186 4,700 5,320 14,789 8,911 2,787 41,129 Doubtful/Loss — — — — — — — — — Total loans outstanding $ 730,838 $ 680,536 $ 566,161 $ 575,922 $ 482,614 $ 1,131,106 $ 606,102 $ 28,126 $ 4,801,405 Term Loans Amortized Cost Basis by Origination Year – As of December 31, 2019 (in thousands) 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Commercial real estate: CRE non-owner occupied risk ratings Pass $ 253,321 $ 174,869 $ 287,183 $ 221,864 $ 578,255 $ 77,070 $ — $ 1,592,562 Special Mention — — 3,182 8,401 616 — — 12,199 Substandard — 1,183 474 — 3,138 — — 4,795 Doubtful/Loss — — — — — — — $0 Total CRE non-owner occupied risk ratings $ 253,321 $ 176,052 $ 290,839 $ 230,265 $ 582,009 $ 77,070 $ — $ 1,609,556 Commercial real estate: CRE owner occupied risk ratings Pass $ 57,376 $ 54,298 $ 73,019 $ 69,136 $ 263,750 $ 18,524 $ — $ 536,103 Special Mention — — 437 745 3,459 — — 4,641 Substandard 601 — 493 726 3,870 — — 5,690 Doubtful/Loss — — — — — — — — Total CRE owner occupied risk ratings $ 57,977 $ 54,298 $ 73,949 $ 70,607 $ 271,079 $ 18,524 $ — $ 546,434 Commercial real estate: Multifamily risk ratings Pass $ 82,435 $ 112,739 $ 41,673 $ 99,170 $ 141,040 $ 36,061 $ — $ 513,118 Special Mention — — — — 1,103 1,480 — 2,583 Substandard — — — 2,024 — — — 2,024 Doubtful/Loss — — — — — — — — Total multifamily loans $ 82,435 $ 112,739 $ 41,673 $ 101,194 $ 142,143 $ 37,541 $ — $ 517,725 Term Loans Amortized Cost Basis by Origination Year – As of December 31, 2019 (in thousands) 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Commercial real estate: Farmland risk ratings Pass $ 26,786 $ 21,212 $ 12,248 $ 9,618 $ 22,471 $ 41,783 $ — $ 134,118 Special Mention — — 1,346 226 3,289 774 — 5,635 Substandard — — 624 466 2,929 1,295 — 5,314 Doubtful/Loss — — — — — — — — Total farmland loans $ 26,786 $ 21,212 $ 14,218 $ 10,310 $ 28,689 $ 43,852 $ — $ 145,067 Consumer loans: SFR 1-4 1st DT liens risk ratings Pass $ 102,612 $ 63,542 $ 73,195 $ 65,051 $ 187,972 $ — $ 6,242 $ 498,614 Special Mention — — 1,408 19 2,564 — 723 4,714 Substandard — 813 711 52 4,050 — 554 6,180 Doubtful/Loss — — — — — — — — Total SFR 1st DT liens $ 102,612 $ 64,355 $ 75,314 $ 65,122 $ 194,586 $ — $ 7,519 $ 509,508 Consumer loans: SFR HELOCs and Junior Liens Pass $ 1,412 $ 14 $ 382 $ 403 $ 2,077 $ 327,589 $ 19,531 $ 351,408 Special Mention — 20 — — 4 4,189 1,169 5,382 Substandard — — — 156 14 4,208 1,718 6,096 Doubtful/Loss — — — — — — — — Total SFR HELOCs and Junior Liens $ 1,412 $ 34 $ 382 $ 559 $ 2,095 $ 335,986 $ 22,418 $ 362,886 Term Loans Amortized Cost Basis by Origination Year – As of December 31, 2019 (in thousands) 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Consumer loans: Other risk ratings Pass $ 45,876 $ 23,045 $ 7,176 $ 2,245 $ 2,071 $ 1,402 $ — $ 81,815 Special Mention 56 182 176 52 161 91 — 718 Substandard 60 — 13 — 35 15 — 123 Doubtful/Loss — — — — — — — — Total other consumer loans $ 45,992 $ 23,227 $ 7,365 $ 2,297 $ 2,267 $ 1,508 $ — $ 82,656 Commercial and industrial loans: Commercial and industrial risk ratings Pass $ 61,720 $ 31,149 $ 24,176 $ 10,747 $ 16,346 $ 96,654 $ 973 $ 241,765 Special Mention — 339 1,141 151 164 1,921 110 3,826 Substandard — 47 1,281 1,571 401 814 86 4,200 Doubtful/Loss — — — — — — — — Total commercial and industrial loans $ 61,720 $ 31,535 $ 26,598 $ 12,469 $ 16,911 $ 99,389 $ 1,169 $ 249,791 Construction loans: Construction risk ratings Pass $ 50,275 $ 92,449 $ 76,042 $ 18,973 $ 7,322 $ — $ — $ 245,061 Special Mention — — — 4,202 317 — — 4,519 Substandard — — — — 247 — — 247 Doubtful/Loss — — — — — — — — Total construction loans $ 50,275 $ 92,449 $ 76,042 $ 23,175 $ 7,886 $ — $ — $ 249,827 Term Loans Amortized Cost Basis by Origination Year – As of December 31, 2019 (in thousands) 2019 2018 2017 2016 Prior Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Total Agriculture production risk ratings Pass $ 1,929 $ 1,201 $ 1,324 $ 1,012 $ 834 $ 26,306 $ — $ 32,606 Special Mention — — — — — — — — Substandard — — — 27 — — — 27 Doubtful/Loss — — — — — — — — Total agriculture production loans $ 1,929 $ 1,201 $ 1,324 $ 1,039 $ 834 $ 26,306 $ — $ 32,633 Leases: Lease risk ratings Pass $ 1,283 $ — $ — $ — $ — $ — $ — $ 1,283 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful/Loss — — — — — — — — Total leases $ 1,283 $ — $ — $ — $ — $ — $ — $ 1,283 Total loans outstanding: Risk ratings Pass $ 685,025 $ 574,518 $ 596,418 $ 498,219 $ 1,222,138 $ 625,389 $ 26,746 $ 4,228,453 Special Mention 56 541 7,690 13,796 11,677 8,455 2,002 44,217 Substandard 661 2,043 3,596 5,022 14,684 6,332 2,358 34,696 Doubtful/Loss — — — — — — — — Total loans outstanding $ 685,742 $ 577,102 $ 607,704 $ 517,037 $ 1,248,499 $ 640,176 $ 31,106 $ 4,307,366 |
Analysis of Past Due Loans | The following table shows the ending balance of current and past due originated loans by loan category as of the date indicated: Analysis of Past Due Loans - As of June 30, 2020 (in thousands) 30-59 days 60-89 days > 90 days Total Past Current Total Commercial real estate: CRE non-owner occupied $ 2,589 $ 667 $ 113 $ 3,369 $ 1,593,572 $ 1,596,941 CRE owner occupied 954 1,188 387 2,529 577,274 579,803 Multifamily — — 2,024 2,024 575,193 577,217 Farmland 180 — — 180 151,344 151,524 Total commercial real estate loans 3,723 1,855 2,524 8,102 2,897,383 2,905,485 Consumer: SFR 1-4 1st DT liens — 1,046 2,270 3,316 502,753 506,069 SFR HELOCs and junior liens 125 453 2,249 2,827 355,260 358,087 Other 85 229 80 394 81,119 81,513 Total consumer loans 210 1,728 4,599 6,537 939,132 945,669 Commercial and industrial 751 767 181 1,699 632,782 634,481 Construction 19 — — 19 278,547 278,566 Agriculture production 115 — 150 265 35,176 35,441 Leases — — — — 1,763 1,763 Total $ 4,818 $ 4,350 $ 7,454 $ 16,622 $ 4,784,783 $ 4,801,405 The following table shows the ending balance of current and past due originated loans by loan category as of the date indicated: Analysis of Past Due Loans - As of December 31, 2019 (in thousands) 30-59 days 60-89 days > 90 days Total Past Current Total Commercial real estate: CRE non-owner occupied $ 268 $ 136 $ 114 $ 518 $ 1,609,038 $ 1,609,556 CRE owner occupied — 293 293 546,141 546,434 Multifamily 283 — 2,024 2,307 515,418 517,725 Farmland 30 0 0 30 145,037 145,067 Total commercial real estate loans 581 136 2,431 3,148 2,815,634 2,818,782 Consumer: SFR 1-4 1st DT liens 1,149 371 1,957 3,477 506,031 509,508 SFR HELOCs and junior liens 1,258 580 1,088 2,926 359,960 362,886 Other 172 1 23 196 82,460 82,656 Total consumer loans 2,579 952 3,068 6,599 948,451 955,050 Commercial and industrial 603 297 24 924 248,867 249,791 Construction — — — — 249,827 249,827 Agriculture production 49 — — 49 32,584 32,633 Leases — — — — 1,283 1,283 Total $ 3,812 $ 1,385 $ 5,523 $ 10,720 $ 4,296,646 $ 4,307,366 |
Schedule of Non Accrual Loans | The following table shows the ending balance of non accrual loans by loan category as of the date indicated: Non Accrual Loans As of June 30, 2020 As of December 31, 2019 (in thousands) Non accrual with no allowance for credit losses Total non accrual Past due 90 days or more and still accruing Non accrual with no allowance for credit losses Total non accrual Past due 90 days or more and still accruing Commercial real estate: CRE non-owner occupied $ 677 $ 677 $ — $ 639 $ 642 $ — CRE owner occupied 2,266 2,409 — 1,411 1,408 — Multifamily 2,024 2,024 — 2,024 2,024 — Farmland 1,819 1,819 — 1,242 1,242 — Total commercial real estate loans 6,786 6,929 — 5,316 5,316 — Consumer: SFR 1-4 1st DT liens 5,737 6,719 — 5,023 5,192 — SFR HELOCs and junior liens 4,128 5,665 — 3,992 4,217 — Other 82 105 1 4 32 19 Total consumer loans 9,947 12,489 1 9,019 9,441 19 Commercial and industrial 973 1,680 30 476 2,050 — Construction — — — — — — Agriculture production 282 445 — 14 38 — Leases — — — — Sub-total 17,988 21,543 31 14,825 16,845 19 Less: Guaranteed loans (813) (813) — (916) (990) — Total, net $ 17,175 $ 20,730 $ 31 $ 13,909 $ 15,855 $ 19 |
Amortized Cost Basis of Collateral Dependent Loans, By Class of Loan | The following tables present the amortized cost basis of collateral dependent loans by class of loans as of the following periods: As of June 30, 2020 (in thousands) Retail Office Warehouse Other Multifamily Farmland SFR -1st Deed SFR -2nd Deed Automobile/Truck A/R and Inventory Equipment Total Commercial real estate: CRE non-owner occupied $ 677 $ — $ 1,207 $ — $ — $ — $ — $ — $ — $ — $ — $ 1,884 CRE owner occupied 833 1,023 630 451 — — — — — — — 2,937 Multifamily — — — — 2,024 — — — — — — 2,024 Farmland — — — — — 1,368 — — — — — 1,368 Total commercial real estate loans 1,510 1,023 1,837 451 2,024 1,368 — — — — — 8,213 Consumer: SFR 1-4 1st DT liens — — — — — — 6,055 — — — — 6,055 SFR HELOCs and junior liens — — — — — — 1,105 3,569 — — — 4,674 Other — — — 3 — — — — 83 — — 86 Total consumer loans — — — 3 — — 7,160 3,569 83 — — 10,815 Commercial and industrial — — — 9 — — — — — 1,413 212 1,634 Construction — — — — — — — — — — — — Agriculture production — — — 426 — — — — — 13 6 445 Leases — — — — — — — — — — — — Total $ 1,510 $ 1,023 $ 1,837 $ 889 $ 2,024 $ 1,368 $ 7,160 $ 3,569 $ 83 $ 1,426 $ 218 $ 21,107 As of December 31, 2019 (in thousands) Retail Office Warehouse Other Multifamily Farmland SFR -1st Deed SFR -2nd Deed Automobile/Truck A/R and Inventory Equipment Total Commercial real estate: CRE non-owner occupied $ 2,145 $ — $ 1,220 $ 497 $ — $ — $ — $ — $ — $ — $ — $ 3,862 CRE owner occupied 361 163 420 13 — — — — — — 1,000 1,957 Multifamily — — — — 2,060 — — — — — — 2,060 Farmland — — — — — — 1,242 — — — — — 1,242 Total commercial real estate loans 2,506 163 1,640 510 2,060 1,242 — — — — 1,000 9,121 Consumer: SFR 1-4 1st DT liens — — — — — — 5,341 — — — — 5,341 SFR HELOCs and junior liens — — — — — — — 3,848 — — — 3,848 Other — — — 3 — — — — 27 — — 30 Total consumer loans — — — 3 — — 5,341 3,848 27 — — 9,219 Commercial and industrial — — — 107 — — — — — 1,926 14 2,047 Construction — — — — — — — — — — — — Agriculture production — — — — — — — — — 26 12 38 Leases — — — — — — — — — — — — Total $ 2,506 $ 163 $ 1,640 $ 620 $ 2,060 $ 1,242 $ 5,341 $ 3,848 $ 27 $ 1,952 $ 1,026 $ 20,425 |
Troubled Debt Restructurings | The following tables show certain information regarding TDRs that occurred during the periods indicated: TDR information for the three months ended June 30, 2020 (dollars in thousands) Number Pre-mod Post-mod Financial Number that Recorded Financial impact Commercial real estate: CRE non-owner occupied — $ — $ — $ — — $ — $ — CRE owner occupied — $ — $ — $ — — $ — $ — Multifamily — $ — $ — $ — — $ — $ — Farmland — $ — $ — $ — — $ — $ — Total commercial real estate loans — $ — $ — $ — — $ — $ — Consumer: SFR 1-4 1st DT liens — $ — $ — $ — 1 $ 735 $ — SFR HELOCs and junior liens — $ — $ — $ — — $ — $ — Other — $ — $ — $ — — $ — $ — Total consumer loans — $ — $ — $ — 1 $ 735 $ — Commercial and industrial — $ — $ — $ — — $ — $ — Construction — $ — $ — $ — — $ — $ — Agriculture production — $ — $ — $ — — $ — $ — Leases — $ — $ — $ — — $ — $ — Total — $ — $ — $ — 1 $ 735 $ — TDR information for the three months ended June 30, 2019 (dollars in thousands) Number Pre-mod Post-mod Financial Number that Recorded Financial impact Commercial real estate: CRE non-owner occupied — $ — $ — $ — — $ — $ — CRE owner occupied — — — — — — — Multifamily — — — — — — — Farmland — — — — — — — Total commercial real estate loans — — — — — — — Consumer: SFR 1-4 1st DT liens — — — — — — — SFR HELOCs and junior liens 2 93 95 27 — — — Other — — — — — — — Total consumer loans 2 93 95 27 — Commercial and industrial 4 1,754 1,722 2 — — — Construction — — — — — — — Agriculture production — — — — — — — Leases — — — — — — — Total 6 $ 1,847 $ 1,817 $ 29 — $ — $ — TDR Information for the six months ended June 30, 2020 (dollars in thousands) Number Pre-mod Post-mod Financial Number that Recorded Financial impact Commercial real estate: CRE non-owner occupied 1 $ 257 $ 251 $ — — $ — $ — CRE owner occupied — — — — — — — Multifamily — — — — — — — Farmland 2 230 298 — — — — Total commercial real estate loans 3 487 549 — — — — Consumer: SFR 1-4 1st DT liens — — — — 2 1,037 — SFR HELOCs and junior liens 2 172 169 — — — — Other — — — — — — — Total consumer loans 2 172 169 — 2 1,037 — Commercial and industrial 1 21 20 21 — — — Construction — — — — — — — Agriculture production — — — — — — — Leases — — — — — — — Total 6 $ 680 $ 738 $ 21 2 $ 1,037 $ — TDR Information for the six months ended June 30, 2019 (dollars in thousands) Number Pre-mod Post-mod Financial Number that Recorded Financial impact Commercial real estate: CRE non-owner occupied — $ — $ — $ — — $ — $ — CRE owner occupied — — — — — — — Multifamily — — — — — — — Farmland — — — — — — — Total commercial real estate loans — — — — — — — Consumer: SFR 1-4 1st DT liens 1 163 162 — — — — SFR HELOCs and junior liens 3 214 215 — — — — Other — — — — — — — Total consumer loans 4 377 377 — — — — Commercial and industrial 6 1,768 1,737 31 1 7 — Construction — — — — — — — Agriculture production — — — — — — — Leases — — — — — — — Total 10 $ 2,145 $ 2,114 $ 31 1 $ 7 $ — |
Leases (Tables)
Leases (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Leases [Abstract] | |
Components of Lease Expense | The following table presents the components of lease expense for the periods ended: Three months ended June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Operating lease cost $ 1,291 $ 1,310 $ 2,586 $ 2,621 Short-term lease cost 65 58 128 129 Variable lease cost 1 (17) 6 (22) Sublease income (35) (32) (69) (66) Total lease cost $ 1,322 $ 1,319 $ 2,651 $ 2,662 |
Supplemental Cash Flow Information Related to Leases | The following table presents supplemental cash flow information related to leases for the periods ended: Three months ended June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 1,243 $ 1,229 $ 2,480 $ 2,447 ROUA obtained in exchange for operating lease liabilities $ 675 $ 156 $ 4,068 $ 32,162 |
Weighted Average Operating Lease Term And Discount Rate | The following table presents the weighted average operating lease term and discount rate as of the period ended: As of June 30, 2020 2019 Weighted-average remaining lease term (years) 10.3 9.5 Weighted-average discount rate 3.17 % 3.18 % |
Future Expected Operating Lease Payments | At June 30, 2020, future expected operating lease payments are as follows: (in thousands) Periods ending December 31, 2020 $ 2,311 2021 4,561 2022 4,225 2023 3,549 2024 3,273 Thereafter 17,398 35,317 Discount for present value of expected cash flows (5,574) Lease liability at June 30, 2020 $ 29,743 |
Deposits (Tables)
Deposits (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Deposits [Abstract] | |
Summary of Balances of Deposits | A summary of the balances of deposits follows (in thousands): June 30, December 31, Noninterest-bearing demand $ 2,487,120 $ 1,832,665 Interest-bearing demand 1,318,951 1,242,274 Savings 2,043,593 1,851,549 Time certificates, $250,000 or more 102,434 129,061 Other time certificates 296,160 311,445 Total deposits $ 6,248,258 $ 5,366,994 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | |
Summary of Bank's Commitments and Contingent Liabilities | The following table presents a summary of the Bank’s commitments and contingent liabilities: (in thousands) June 30, December 31, Financial instruments whose amounts represent risk: Commitments to extend credit: Commercial loans $ 391,333 $ 363,793 Consumer loans 541,569 533,576 Real estate mortgage loans 208,973 188,959 Real estate construction loans 224,701 222,998 Standby letters of credit 11,034 12,014 Deposit account overdraft privilege 110,468 110,402 |
Stock Options and Other Equit_2
Stock Options and Other Equity-Based Incentive Instruments (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Share-based Payment Arrangement [Abstract] | |
Stock Option Activity | Stock option activity during the six months ended June 30, 2020 is summarized in the following table: Number Option Price Weighted Outstanding at December 31, 2019 160,500 $14.54 to $23.21 $ 17.60 Options granted — — — Options exercised (16,000) $17.54 to $19.46 18.02 Options forfeited — — — Outstanding at June 30, 2020 144,500 $14.54 to $23.21 $ 17.55 |
Summary of Options Outstanding | The following table shows the number, weighted-average exercise price, intrinsic value, and weighted average remaining contractual life of options exercisable, options not yet exercisable and total options outstanding as of June 30, 2020: Currently Currently Not Total Number of options 144,500 — 144,500 Weighted average exercise price $ 17.55 $ — $ 17.55 Intrinsic value (in thousands) $ 1,864 $ — $ 1,864 Weighted average remaining contractual term (yrs.) 2.4 0 2.4 |
Restricted Stock Unit (RSU) Activity | Activity related to restricted stock unit awards during the six months ended June 30, 2020 is summarized in the following table: Service Market Plus Outstanding at December 31, 2019 68,597 51,312 RSUs granted 64,036 46,416 RSUs added through dividend and performance credits 1,344 5,847 RSUs released (29,089) (20,265) RSUs forfeited/expired (94) (78) Outstanding at June 30, 2020 104,794 83,232 |
Non-interest Income and Expen_2
Non-interest Income and Expense (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Other Income and Expenses [Abstract] | |
Components of Non-Interest Income | The following table summarizes the Company’s non-interest income for the periods indicated: Three months ended Six months ended (dollars in thousands) 2020 2019 2020 2019 ATM and interchange fees $ 5,165 $ 5,404 $ 10,276 $ 9,985 Service charges on deposit accounts 3,046 4,182 7,092 8,062 Other service fees 734 619 1,492 1,390 Mortgage banking service fees 459 475 928 958 Change in value of mortgage servicing rights (1,236) (552) (2,494) (1,197) Total service charges and fees 8,168 10,128 17,294 19,198 Increase in cash value of life insurance 710 746 1,430 1,521 Asset management and commission income 661 739 1,577 1,381 Gain on sale of loans 1,736 575 2,627 987 Lease brokerage income 127 239 320 459 Sale of customer checks 88 135 212 275 Gain on sale of investment securities — — — — Gain on marketable equity securities 25 42 72 78 Other 142 819 (55) 1,327 Total other non-interest income 3,489 3,295 6,183 6,028 Total non-interest income $ 11,657 $ 13,423 $ 23,477 $ 25,226 |
Components of Non Interest Expense | The components of non-interest expense were as follows (in thousands): Three months ended Six months ended 2020 2019 2020 2019 Base salaries, net of deferred loan origination costs $ 17,277 $ 17,211 $ 34,900 $ 33,968 Incentive compensation 2,395 3,706 5,496 6,273 Benefits and other compensation costs 7,383 5,802 13,931 11,606 Total salaries and benefits expense 27,055 26,719 54,327 51,847 Occupancy 3,398 3,738 7,273 7,512 Data processing and software 3,657 3,354 7,024 6,703 Equipment 1,350 1,752 2,862 3,619 Intangible amortization 1,431 1,431 2,862 2,862 Advertising 531 1,533 1,196 2,864 ATM and POS network charges 1,210 1,270 2,583 2,593 Professional fees 741 1,057 1,444 1,896 Telecommunications 639 773 1,364 1,570 Regulatory assessments and insurance 360 490 455 1,001 Postage 283 315 573 625 Operational losses 184 226 405 451 Courier service 337 412 668 682 Gain on sale of foreclosed assets (16) (99) (57) (198) Loss on disposal of fixed assets 15 42 15 66 Other miscellaneous expense 4,530 3,684 7,530 8,056 Total other non-interest expense 18,650 19,978 36,197 40,302 Total non-interest expense $ 45,705 $ 46,697 $ 90,524 $ 92,149 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Earnings Per Share [Abstract] | |
Computation of Earnings Per Share | Potential common shares that may be issued by the Company relate to outstanding stock options and restricted stock units (RSUs), and are determined using the treasury stock method. Earnings per share have been computed based on the following: Three months ended June 30, (in thousands) 2020 2019 Net income $ 7,430 $ 23,061 Average number of common shares outstanding 29,754 30,458 Effect of dilutive stock options and restricted stock 129 185 Average number of common shares outstanding used to calculate diluted earnings per share 29,883 30,643 Options excluded from diluted earnings per share because the effect of these — — Six months ended June 30, (in thousands) 2020 2019 Net income $ 23,551 $ 45,787 Average number of common shares outstanding 30,074 30,441 Effect of dilutive stock options and restricted stock 129 209 Average number of common shares outstanding used to calculate diluted earnings per share 30,203 30,650 Options excluded from diluted earnings per share because the effect of these — — |
Comprehensive Income (Tables)
Comprehensive Income (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Equity [Abstract] | |
Components of Other Comprehensive Income (Loss) and Related Tax Effects | The components of other comprehensive income (loss) and related tax effects are as follows: Three months ended June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Unrealized holding gains on available for sale securities before reclassifications $ 34,959 $ 9,553 $ 5,398 $ 22,263 Tax effect (10,334) (2,824) (1,595) (6,582) Unrealized holding gains on available for sale securities, net of tax 24,625 6,729 3,803 15,681 Change in unfunded status of the supplemental retirement plans before reclassifications 661 (88) 1,109 (177) Amounts reclassified out of accumulated other comprehensive income (loss): Amortization of prior service cost (13) (14) (27) (27) Amortization of actuarial losses 478 102 956 204 Total amounts reclassified out of accumulated other comprehensive income 465 88 929 177 Change in unfunded status of the supplemental retirement plans after reclassifications 1,126 — 2,038 — Tax effect — — — — Change in unfunded status of the supplemental retirement plans, net of tax 1,126 — 2,038 — Total other comprehensive income (loss) $ 25,751 $ 6,729 $ 5,841 $ 15,681 |
Components of Accumulated Other Comprehensive Loss | The components of accumulated other comprehensive income (loss), included in shareholders’ equity, are as follows: (in thousands) June 30, December 31, Net unrealized gain on available for sale securities $ 8,785 $ 3,387 Tax effect (2,597) (1,001) Unrealized holding gain on available for sale securities, net of tax 6,188 2,386 Unfunded status of the supplemental retirement plans (9,593) (11,193) Tax effect 2,836 3,309 Unfunded status of the supplemental retirement plans, net of tax (6,757) (7,884) Joint beneficiary agreement liability 1,188 276 Tax effect — — Joint beneficiary agreement liability, net of tax 1,188 276 Accumulated other comprehensive income (loss) $ 619 $ (5,222) |
Fair Value Measurement (Tables)
Fair Value Measurement (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Fair Value Disclosures [Abstract] | |
Recorded Amount of Assets and Liabilities Measured at Fair Value on Recurring Basis | The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis (in thousands): Fair value at June 30, 2020 Total Level 1 Level 2 Level 3 Marketable equity securities $ 3,033 $ 3,033 $ — $ — Debt securities available for sale: Obligations of U.S. government corporations and agencies 434,814 — 434,814 — Obligations of states and political subdivisions 109,646 — 109,646 — Corporate bonds 2,570 — 2,570 — Asset backed securities 449,250 — 449,250 — Loans held for sale 8,352 — 8,352 — Mortgage servicing rights 4,250 — — 4,250 Total assets measured at fair value $ 1,011,915 $ 3,033 $ 1,004,632 $ 4,250 Fair value at December 31, 2019 Total Level 1 Level 2 Level 3 Marketable equity securities $ 2,960 $ 2,960 $ — $ — Debt securities available for sale: Obligations of U.S. government corporations and agencies 472,980 — 472,980 — Obligations of states and political subdivisions 109,601 — 109,601 — Corporate bonds 2,532 — 2,532 — Asset backed securities 365,025 — 365,025 — Loans held for sale 5,265 — 5,265 — Mortgage servicing rights 6,200 — — 6,200 Total assets measured at fair value $ 964,563 $ 2,960 $ 955,403 $ 6,200 |
Reconciliation of Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3) on Recurring Basis | The following table provides a reconciliation of assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the time periods indicated. Had there been any transfer into or out of Level 3 during the time periods indicated, the amount included in the “Transfers into (out of) Level 3” column would represent the beginning balance of an item in the period (interim quarter) during which it was transferred (in thousands): Three months ended June 30, Beginning Transfers Change Issuances Ending 2020: Mortgage servicing rights $ 5,168 — $ (1,236) $ 318 $ 4,250 2019: Mortgage servicing rights $ 6,572 — $ (552) $ 209 $ 6,229 Six months ended June 30, Beginning Transfers Change Issuances Ending 2020: Mortgage servicing rights $ 6,200 — $ (2,494) $ 544 $ 4,250 2019: Mortgage servicing rights $ 7,098 — $ (1,197) $ 328 $ 6,229 |
Quantitative Information about Recurring Level 3 Fair Value Measurements | The following table presents quantitative information about recurring Level 3 fair value measurements at June 30, 2020 and December 31, 2019: As of June 30, 2020: Fair Value Valuation Unobservable Range, Mortgage Servicing Rights $ 4,250 Discounted cash flow Constant prepayment rate 9% - 28%; 25% Discount rate 10% - 14%; 12% As of December 31, 2019: Mortgage Servicing Rights $ 6,200 Discounted cash flow Constant prepayment rate 6% - 42.0%; 11.0% Discount rate 10% - 14%; 12% |
Assets and Liabilities Measured at Fair Value on Nonrecurring Basis | The tables below present the recorded investment in assets and liabilities measured at fair value on a nonrecurring basis, as of the dates indicated (in thousands): June 30, 2020 Total Level 1 Level 2 Level 3 Total Losses Fair value: Individually evaluated loans $ 162 — — $ 162 $ (16) December 31, 2019 Total Level 1 Level 2 Level 3 Total Losses Fair value: Individually evaluated loans $ 1,055 — — $ 1,055 $ (652) Foreclosed assets 417 — — 417 (27) Total assets measured at fair value $ 1,472 — — $ 1,472 $ (679) June 30, 2019 Total Level 1 Level 2 Level 3 Total Losses Fair value: Individually evaluated loans $ 1,164 — — $ 1,164 $ (808) Foreclosed assets 454 — — 454 (63) Total assets measured at fair value $ 1,618 — — $ 1,618 $ (871) |
Quantitative Information about Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Nonrecurring Basis | The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at June 30, 2020: June 30, 2020 Fair Value Valuation Unobservable Inputs Range, Individually evaluated loans $ 162 Sales comparison Adjustment for differences between Not meaningful The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at December 31, 2019: December 31, 2019 Fair Value Valuation Unobservable Inputs Range, Individually evaluated loans $ 1,055 Sales comparison Adjustment for differences between Not meaningfulN/A Foreclosed assets (Residential real estate) $ 417 Sales comparison Adjustment for differences between Not meaningfulN/A |
Estimated Fair Values of Financial Instruments that are Reported at Amortized Cost in Consolidated Balance Sheets | June 30, 2020 December 31, 2019 (in thousands) Carrying Fair Carrying Fair Financial assets: Level 1 inputs: Cash and due from banks $ 78,666 $ 78,666 $ 92,816 $ 92,816 Cash at Federal Reserve and other banks 627,186 627,186 183,691 183,691 Level 2 inputs: Securities held to maturity 337,165 354,179 375,606 381,525 Restricted equity securities 17,250 N/A 17,250 N/A Level 3 inputs: Loans, net 4,721,666 4,716,869 4,276,750 4,263,064 Financial liabilities: Level 2 inputs: Deposits 6,248,258 6,250,757 5,366,994 5,365,921 Other borrowings 38,544 38,544 18,454 18,454 Level 3 inputs: Junior subordinated debt 57,422 56,388 57,232 56,297 (in thousands) Contract Fair Contract Fair Off-balance sheet: Level 3 inputs: Commitments $ 1,366,576 $ 13,666 $ 1,309,326 $ 13,093 Standby letters of credit 11,034 110 12,014 120 Overdraft privilege commitments 110,468 1,105 110,402 1,104 |
Regulatory Matters (Tables)
Regulatory Matters (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Banking and Thrift [Abstract] | |
Actual and Required Capital Ratios of Bank | Actual Required for Capital Adequacy Purposes Required to be As of June 30, 2020: Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets): Consolidated $ 760,120 15.13 % $ 527,598 10.50 % N/A N/A Tri Counties Bank $ 755,481 15.04 % $ 527,409 10.50 % $ 502,294 10.00 % Tier 1 Capital (to Risk Weighted Assets): Consolidated $ 697,043 13.87 % $ 427,103 8.50 % N/A N/A Tri Counties Bank $ 692,448 13.79 % $ 426,950 8.50 % $ 401,835 8.00 % Common equity Tier 1 Capital (to Risk Weighted Assets): Consolidated $ 641,346 12.76 % $ 351,732 7.00 % N/A N/A Tri Counties Bank $ 692,448 13.79 % $ 351,606 7.00 % $ 326,491 6.50 % Tier 1 Capital (to Average Assets): Consolidated $ 697,043 10.28 % $ 271,269 4.00 % N/A N/A Tri Counties Bank $ 692,448 10.21 % $ 271,263 4.00 % $ 339,079 5.00 % Actual Required for Capital Adequacy Purposes Required to be As of December 31, 2019: Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk Weighted Assets): Consolidated $ 753,200 15.07 % $ 524,944 10.50 % N/A N/A Tri Counties Bank $ 748,660 14.98 % $ 524,759 10.50 % $ 499,770 10.00 % Tier 1 Capital (to Risk Weighted Assets): Consolidated $ 719,809 14.40 % $ 424,955 8.50 % N/A N/A Tri Counties Bank $ 715,269 14.31 % $ 424,805 8.50 % $ 399,816 8.00 % Common equity Tier 1 Capital (to Risk Weighted Assets): Consolidated $ 664,296 13.29 % $ 349,963 7.00 % N/A N/A Tri Counties Bank $ 715,269 14.31 % $ 349,839 7.00 % $ 324,851 6.50 % Tier 1 Capital (to Average Assets): Consolidated $ 719,809 11.55 % $ 249,343 4.00 % N/A N/A Tri Counties Bank $ 715,269 11.47 % $ 249,337 4.00 % $ 311,672 5.00 % |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies - Additional Information (Detail) | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2020USD ($)business_trust | Jun. 30, 2020USD ($)business_trustcountysegment | Mar. 31, 2020USD ($) | Jan. 01, 2020USD ($) | Dec. 31, 2019USD ($) | Jun. 30, 2019USD ($) | Mar. 31, 2019USD ($) | Dec. 31, 2018USD ($) | |
Significant Accounting Policies [Line Items] | ||||||||
Number of subsidiary business trusts (in trusts) | business_trust | 5 | |||||||
Number of loan production offices (in offices) | business_trust | 2 | 2 | ||||||
Company's investments in the trusts | $ 1,761,000 | $ 1,761,000 | ||||||
Number of business segments (in segments) | segment | 1 | |||||||
Loans contractual past due | 90 days | |||||||
Allowance for credit loss | 79,739,000 | $ 79,739,000 | $ 57,911,000 | $ 30,616,000 | $ 32,868,000 | $ 32,064,000 | $ 32,582,000 | |
Goodwill impairment loss | $ 0 | $ 0 | ||||||
North Valley Bancorp | ||||||||
Significant Accounting Policies [Line Items] | ||||||||
Number of loan production offices (in offices) | business_trust | 3 | 3 | ||||||
Held-to-maturity securities | ||||||||
Significant Accounting Policies [Line Items] | ||||||||
Interest receivable | $ 860,000 | $ 860,000 | ||||||
Financial asset acquired with credit deterioration | ||||||||
Significant Accounting Policies [Line Items] | ||||||||
Allowance for credit loss | $ 481,000 | |||||||
ASU 2016-13 | ||||||||
Significant Accounting Policies [Line Items] | ||||||||
Allowance for credit loss | 18,913,000 | |||||||
ASU 2016-13 | Retained Earnings | ||||||||
Significant Accounting Policies [Line Items] | ||||||||
Taxes | 5,449,000 | |||||||
Cumulative effective from change in accounting policies | $ 12,983,000 | |||||||
Minimum | ||||||||
Significant Accounting Policies [Line Items] | ||||||||
Loan term | 5 years | 5 years | ||||||
Amortization period | 15 years | |||||||
Maximum | ||||||||
Significant Accounting Policies [Line Items] | ||||||||
Loan term | 10 years | 10 years | ||||||
Amortization period | 30 years | |||||||
California | ||||||||
Significant Accounting Policies [Line Items] | ||||||||
Number of counties (in counties) | county | 29 |
Investment Securities - Amortiz
Investment Securities - Amortized Cost and Estimated Fair Values of Investments Securities (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | $ 987,495 | $ 946,751 |
Gross Unrealized Gains | 25,318 | 10,721 |
Gross Unrealized Losses | (16,533) | (7,334) |
Allowance for Credit Losses | 0 | |
Estimated Fair Value | 996,280 | 950,138 |
Amortized Cost | 337,165 | 375,606 |
Gross Unrealized Gains | 17,014 | 6,399 |
Gross Unrealized Losses | 0 | (480) |
Estimated Fair Value | 354,179 | 381,525 |
Allowance for Credit Losses | 0 | |
Obligations of U.S. government agencies | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 414,494 | 466,139 |
Gross Unrealized Gains | 20,320 | 7,261 |
Gross Unrealized Losses | 0 | (420) |
Allowance for Credit Losses | 0 | |
Estimated Fair Value | 434,814 | 472,980 |
Amortized Cost | 324,976 | 361,785 |
Gross Unrealized Gains | 16,596 | 6,072 |
Gross Unrealized Losses | 0 | (480) |
Estimated Fair Value | 341,572 | 367,377 |
Allowance for Credit Losses | 0 | |
Obligations of states and political subdivisions | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 104,811 | 106,373 |
Gross Unrealized Gains | 4,835 | 3,229 |
Gross Unrealized Losses | 0 | (1) |
Allowance for Credit Losses | 0 | |
Estimated Fair Value | 109,646 | 109,601 |
Amortized Cost | 12,189 | 13,821 |
Gross Unrealized Gains | 418 | 327 |
Gross Unrealized Losses | 0 | 0 |
Estimated Fair Value | 12,607 | 14,148 |
Allowance for Credit Losses | 0 | |
Corporate bonds | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 2,444 | 2,430 |
Gross Unrealized Gains | 126 | 102 |
Gross Unrealized Losses | 0 | 0 |
Allowance for Credit Losses | 0 | |
Estimated Fair Value | 2,570 | 2,532 |
Asset backed securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Amortized Cost | 465,746 | 371,809 |
Gross Unrealized Gains | 37 | 129 |
Gross Unrealized Losses | (16,533) | (6,913) |
Allowance for Credit Losses | 0 | |
Estimated Fair Value | $ 449,250 | $ 365,025 |
Investment Securities - Additio
Investment Securities - Additional Information (Detail) | 6 Months Ended | |
Jun. 30, 2020USD ($)investment_security | Dec. 31, 2019USD ($) | |
Investment Securities [Line Items] | ||
Securities pledged as collateral | $ 479,242,000 | $ 466,321,000 |
Residential real estate mortgage-backed securities | $ 739,470,000,000 | |
Life of mortgage-backed securities | 3 years 3 months 3 days | |
Asset backed securities | ||
Investment Securities [Line Items] | ||
Percentage of aggregate depreciation in unrealized losses | (3.58%) | |
Number of available for sale securities in unrealized loss position (in investment securities) | investment_security | 13 |
Investment Securities - Amort_2
Investment Securities - Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Investments, Debt and Equity Securities [Abstract] | ||
Amortized cost, due in one year, available for sale | $ 600 | |
Amortized cost, due after one year through five years, available for sale | 17,981 | |
Amortized cost, due after five years through ten years, available for sale | 114,403 | |
Amortized cost, due after ten years, available for sale | 854,511 | |
Amortized Cost | 987,495 | $ 946,751 |
Estimated fair value, due in one year, available for sale | 600 | |
Estimated fair value, due after one year through five years, available for sale | 18,690 | |
Estimated fair value, due after five years through ten years, available for sale | 113,718 | |
Estimated fair value, due after ten years, available for sale | 863,272 | |
Estimated Fair Value | 996,280 | 950,138 |
Amortized cost, due within one year, held to maturity | 1,287 | |
Amortized cost, due after one year through five years, held to maturity | 0 | |
Amortized cost, due after five years through ten years, held to maturity | 21,156 | |
Amortized cost, due after ten years, held to maturity | 314,722 | |
Amortized cost, held to maturity | 337,165 | 375,606 |
Estimated fair value, due within one year, held to maturity | 1,289 | |
Estimated fair value, due after one year through five years, held to maturity | 0 | |
Estimated fair value, due after five years through ten years, held to maturity | 22,231 | |
Estimated fair value, due after ten years, held to maturity | 330,659 | |
Estimated fair value, held to maturity | $ 354,179 | $ 381,525 |
Investment Securities - Gross U
Investment Securities - Gross Unrealized Losses on Debt Securities (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available for Sale, Less than 12 Months, Fair Value | $ 274,950 | |
Debt Securities, Available for Sale, Less than 12 Months, Unrealized Loss | (4,845) | |
Debt Securities, Available for Sale, 12 Months or more, Fair Value | 123,833 | |
Debt Securities, Available for Sale, 12 Months or more, Unrealized Loss | (2,489) | |
Debt Securities, Available for Sale, Fair Value | 398,783 | |
Debt Securities, Available-for-sale, Unrealized Loss | (7,334) | |
Asset backed securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available for Sale, Less than 12 Months, Fair Value | $ 153,086 | 237,463 |
Debt Securities, Available for Sale, Less than 12 Months, Unrealized Loss | (2,742) | (4,535) |
Debt Securities, Available for Sale, 12 Months or more, Fair Value | 291,893 | 99,981 |
Debt Securities, Available for Sale, 12 Months or more, Unrealized Loss | (13,791) | (2,378) |
Debt Securities, Available for Sale, Fair Value | 444,979 | 337,444 |
Debt Securities, Available-for-sale, Unrealized Loss | $ (16,533) | (6,913) |
Obligations of U.S. government agencies | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available for Sale, Less than 12 Months, Fair Value | 36,709 | |
Debt Securities, Available for Sale, Less than 12 Months, Unrealized Loss | (309) | |
Debt Securities, Available for Sale, 12 Months or more, Fair Value | 23,852 | |
Debt Securities, Available for Sale, 12 Months or more, Unrealized Loss | (111) | |
Debt Securities, Available for Sale, Fair Value | 60,561 | |
Debt Securities, Available-for-sale, Unrealized Loss | (420) | |
Debt Securities Held to Maturity, Less than 12 months, Fair Value | 18,813 | |
Debt Securities Held to Maturity, Less than 12 months, Unrealized Loss | (142) | |
Debt Securities Held to Maturity, 12 months or more, Fair Value | 62,952 | |
Debt Securities Held to Maturity, 12 months or more, Unrealized Loss | (338) | |
Debt Securities Held to Maturity, Fair Value | 81,765 | |
Debt Securities Held to Maturity, Unrealized Loss | (480) | |
Obligations of states and political subdivisions | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available for Sale, Less than 12 Months, Fair Value | 778 | |
Debt Securities, Available for Sale, Less than 12 Months, Unrealized Loss | (1) | |
Debt Securities, Available for Sale, 12 Months or more, Fair Value | 0 | |
Debt Securities, Available for Sale, 12 Months or more, Unrealized Loss | 0 | |
Debt Securities, Available for Sale, Fair Value | 778 | |
Debt Securities, Available-for-sale, Unrealized Loss | $ (1) |
Investment Securities - Amort_3
Investment Securities - Amortized Cost of Debt Securities Held-to-Maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||
Amortized cost, held to maturity | $ 337,165 | $ 375,606 |
AAA/AA/A | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||
Amortized cost, held to maturity | 336,472 | 374,921 |
BBB/BB/B | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||
Amortized cost, held to maturity | 693 | 685 |
Obligations of U.S. government agencies | AAA/AA/A | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||
Amortized cost, held to maturity | 324,976 | 361,785 |
Obligations of U.S. government agencies | BBB/BB/B | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||
Amortized cost, held to maturity | 0 | 0 |
Obligations of states and political subdivisions | AAA/AA/A | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||
Amortized cost, held to maturity | 11,496 | 13,136 |
Obligations of states and political subdivisions | BBB/BB/B | ||
Debt Securities, Held-to-maturity, Allowance for Credit Loss [Line Items] | ||
Amortized cost, held to maturity | $ 693 | $ 685 |
Loans - Summary of Loan Balance
Loans - Summary of Loan Balances (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 |
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total | $ 4,801,405 | $ 4,307,366 | ||||
Total principal balance of loans owed, net of charge-offs | 4,854,351 | 4,351,725 | ||||
Unamortized net deferred loan fees | (22,500) | (8,927) | ||||
Discounts to principal balance of loans owed, net of charge-offs | 30,446 | 35,432 | ||||
Allowance for loan losses | (79,739) | $ (57,911) | (30,616) | $ (32,868) | $ (32,064) | $ (32,582) |
Commercial real estate | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total | 2,905,485 | 2,818,782 | ||||
Allowance for loan losses | (44,850) | (29,253) | (11,995) | (12,099) | (12,330) | (12,944) |
Consumer | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total | 945,669 | 955,050 | ||||
Allowance for loan losses | (23,165) | (19,592) | (10,084) | (11,128) | (10,841) | (11,051) |
Commercial and industrial | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total | 634,481 | 249,791 | ||||
Allowance for loan losses | (4,018) | (3,867) | (4,867) | (6,481) | (5,854) | (5,610) |
Construction | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total | 278,566 | 249,827 | ||||
Allowance for loan losses | (6,775) | (4,595) | (3,388) | (2,896) | (2,815) | (2,497) |
Agriculture production | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total | 35,441 | 32,633 | ||||
Allowance for loan losses | (919) | (593) | (261) | (264) | (224) | (480) |
Leases | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total | 1,763 | 1,283 | ||||
Allowance for loan losses | (12) | (11) | (21) | 0 | 0 | 0 |
CRE non-owner occupied | Commercial real estate | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total | 1,596,941 | 1,609,556 | ||||
Allowance for loan losses | (26,091) | (18,034) | (5,948) | (6,182) | (6,268) | (7,401) |
CRE owner occupied | Commercial real estate | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total | 579,803 | 546,434 | ||||
Allowance for loan losses | (8,710) | (5,366) | (2,027) | (2,214) | (2,323) | (2,711) |
Multifamily | Commercial real estate | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total | 577,217 | 517,725 | ||||
Allowance for loan losses | (8,581) | (5,140) | (3,352) | (3,082) | (3,271) | (2,429) |
Farmland | Commercial real estate | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total | 151,524 | 145,067 | ||||
Allowance for loan losses | (1,468) | (713) | (668) | (621) | (468) | (403) |
SFR 1-4 1st DT liens | Consumer | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total | 506,069 | 509,508 | ||||
SFR HELOCs and junior liens | Consumer | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total | 358,087 | 362,886 | ||||
Allowance for loan losses | (12,108) | (11,196) | (6,183) | (7,101) | (7,301) | (7,582) |
Other | Consumer | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total | 81,513 | 82,656 | ||||
Allowance for loan losses | $ (3,042) | $ (2,746) | $ (1,595) | $ (1,451) | $ (1,040) | $ (793) |
Loans - Narrative (Details)
Loans - Narrative (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2020USD ($)loan | Jun. 30, 2019USD ($) | Jun. 30, 2020USD ($)loan | Jun. 30, 2019USD ($) | Dec. 31, 2019USD ($)loan | |
Loans and Leases Receivable Disclosure [Line Items] | |||||
Loans | $ 4,801,405 | $ 4,801,405 | $ 4,307,366 | ||
Deferred loan fees | 22,500 | 22,500 | 8,927 | ||
Loans, including fees | 58,409 | $ 55,491 | 114,667 | $ 109,889 | |
Commercial and industrial | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Loans | $ 634,481 | $ 634,481 | $ 249,791 | ||
Payment Protection Program (PPP) | Commercial and industrial | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Number of loans | loan | 2,900 | 2,900 | 0 | ||
Loans | $ 423,431 | $ 423,431 | |||
Loan fees | 13,300 | 13,300 | |||
Deferred loan fees | 15,680 | 15,680 | |||
Deferred loan costs | 756 | 756 | |||
Loans, including fees | 2,356 | 2,356 | |||
Deferred fee accretion | $ 1,626 | $ 1,626 |
Allowance for Credit Losses o_3
Allowance for Credit Losses on Loans - Summary of Activity in Allowance for Loan Losses (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | |
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | $ 57,911 | $ 32,064 | $ 30,616 | $ 32,582 | $ 32,582 |
Charge-offs | (491) | (293) | (1,001) | (1,019) | (3,639) |
Recoveries | 230 | 560 | 1,122 | 2,368 | 3,363 |
Provision (benefit) | 22,089 | 537 | 30,089 | (1,063) | (1,690) |
Ending balance | 79,739 | 32,868 | 79,739 | 32,868 | 30,616 |
Impact of CECL Adoption | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 18,913 | ||||
Ending balance | 18,913 | ||||
Commercial real estate | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 29,253 | 12,330 | 11,995 | 12,944 | 12,944 |
Charge-offs | 0 | 0 | 0 | 0 | (746) |
Recoveries | 9 | 10 | 202 | 1,391 | 1,528 |
Provision (benefit) | 15,588 | (241) | 20,805 | (2,236) | (1,731) |
Ending balance | 44,850 | 12,099 | 44,850 | 12,099 | 11,995 |
Commercial real estate | Impact of CECL Adoption | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 11,848 | ||||
Ending balance | 11,848 | ||||
Consumer | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 19,592 | 10,841 | 10,084 | 11,051 | 11,051 |
Charge-offs | (277) | (155) | (407) | (362) | (770) |
Recoveries | 166 | 465 | 719 | 724 | 1,310 |
Provision (benefit) | 3,684 | (23) | 4,485 | (285) | (1,507) |
Ending balance | 23,165 | 11,128 | 23,165 | 11,128 | 10,084 |
Consumer | Impact of CECL Adoption | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 8,284 | ||||
Ending balance | 8,284 | ||||
Commercial and industrial | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 3,867 | 5,854 | 4,867 | 5,610 | 5,610 |
Charge-offs | (214) | (138) | (594) | (657) | (2,104) |
Recoveries | 55 | 84 | 181 | 242 | 513 |
Provision (benefit) | 310 | 681 | 1,525 | 1,286 | 848 |
Ending balance | 4,018 | 6,481 | 4,018 | 6,481 | 4,867 |
Commercial and industrial | Impact of CECL Adoption | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | (1,961) | ||||
Ending balance | (1,961) | ||||
Construction | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 4,595 | 2,815 | 3,388 | 2,497 | 2,497 |
Charge-offs | 0 | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 | 0 |
Provision (benefit) | 2,180 | 81 | 2,454 | 399 | 891 |
Ending balance | 6,775 | 2,896 | 6,775 | 2,896 | 3,388 |
Construction | Impact of CECL Adoption | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 933 | ||||
Ending balance | 933 | ||||
Agriculture production | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 593 | 224 | 261 | 480 | 480 |
Charge-offs | 0 | 0 | 0 | 0 | (19) |
Recoveries | 0 | 1 | 20 | 11 | 12 |
Provision (benefit) | 326 | 39 | 817 | (227) | (212) |
Ending balance | 919 | 264 | 919 | 264 | 261 |
Agriculture production | Impact of CECL Adoption | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | (179) | ||||
Ending balance | (179) | ||||
Leases | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 11 | 0 | 21 | 0 | 0 |
Charge-offs | 0 | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 | 0 |
Provision (benefit) | 1 | 0 | 3 | 0 | 21 |
Ending balance | 12 | 0 | 12 | 0 | 21 |
Leases | Impact of CECL Adoption | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | (12) | ||||
Ending balance | (12) | ||||
CRE non-owner occupied | Commercial real estate | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 18,034 | 6,268 | 5,948 | 7,401 | 7,401 |
Charge-offs | 0 | 0 | 0 | 0 | 0 |
Recoveries | 5 | 6 | 193 | 1,383 | 1,486 |
Provision (benefit) | 8,052 | (92) | 13,249 | (2,602) | (2,939) |
Ending balance | 26,091 | 6,182 | 26,091 | 6,182 | 5,948 |
CRE non-owner occupied | Commercial real estate | Impact of CECL Adoption | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 6,701 | ||||
Ending balance | 6,701 | ||||
CRE owner occupied | Commercial real estate | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 5,366 | 2,323 | 2,027 | 2,711 | 2,711 |
Charge-offs | 0 | 0 | 0 | 0 | (746) |
Recoveries | 4 | 4 | 9 | 8 | 42 |
Provision (benefit) | 3,340 | (113) | 4,393 | (505) | 20 |
Ending balance | 8,710 | 2,214 | 8,710 | 2,214 | 2,027 |
CRE owner occupied | Commercial real estate | Impact of CECL Adoption | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 2,281 | ||||
Ending balance | 2,281 | ||||
Multifamily | Commercial real estate | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 5,140 | 3,271 | 3,352 | 2,429 | 2,429 |
Charge-offs | 0 | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 | 0 |
Provision (benefit) | 3,441 | (189) | 2,948 | 653 | 923 |
Ending balance | 8,581 | 3,082 | 8,581 | 3,082 | 3,352 |
Multifamily | Commercial real estate | Impact of CECL Adoption | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 2,281 | ||||
Ending balance | 2,281 | ||||
Farmland | Commercial real estate | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 713 | 468 | 668 | 403 | 403 |
Charge-offs | 0 | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 | 0 |
Provision (benefit) | 755 | 153 | 215 | 218 | 265 |
Ending balance | 1,468 | 621 | 1,468 | 621 | 668 |
Farmland | Commercial real estate | Impact of CECL Adoption | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 585 | ||||
Ending balance | 585 | ||||
SFR 1-4 1st DT Liens | Consumer | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 5,650 | 2,500 | 2,306 | 2,676 | 2,676 |
Charge-offs | (11) | (2) | (11) | (2) | (2) |
Recoveries | 2 | 3 | 412 | 5 | 54 |
Provision (benefit) | 2,374 | 75 | 2,633 | (103) | (422) |
Ending balance | 8,015 | 2,576 | 8,015 | 2,576 | 2,306 |
SFR 1-4 1st DT Liens | Consumer | Impact of CECL Adoption | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 2,675 | ||||
Ending balance | 2,675 | ||||
SFR HELOCs and junior liens | Consumer | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 11,196 | 7,301 | 6,183 | 7,582 | 7,582 |
Charge-offs | (23) | 0 | (23) | 0 | (3) |
Recoveries | 92 | 354 | 140 | 536 | 935 |
Provision (benefit) | 843 | (554) | 1,170 | (1,017) | (2,331) |
Ending balance | 12,108 | 7,101 | 12,108 | 7,101 | 6,183 |
SFR HELOCs and junior liens | Consumer | Impact of CECL Adoption | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 4,638 | ||||
Ending balance | 4,638 | ||||
Other | Consumer | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | 2,746 | 1,040 | 1,595 | 793 | 793 |
Charge-offs | (243) | (153) | (373) | (360) | (765) |
Recoveries | 72 | 108 | 167 | 183 | 321 |
Provision (benefit) | 467 | 456 | 682 | 835 | 1,246 |
Ending balance | $ 3,042 | $ 1,451 | 3,042 | $ 1,451 | 1,595 |
Other | Consumer | Impact of CECL Adoption | |||||
Allowance for Loan and Lease Losses [Roll Forward] | |||||
Beginning balance | $ 971 | ||||
Ending balance | $ 971 |
Allowance for Credit Losses o_4
Allowance for Credit Losses on Loans - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Changes in California Unemployment and Gross Domestic Product | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Increase in credit reserve on loans | $ 19,143 | |||
Financial Asset Originated | ||||
Loans and Leases Receivable Disclosure [Line Items] | ||||
Interest income on non accrual loans | 428 | $ 449 | $ 859 | $ 849 |
Interest income recognized on non accrual loans | $ 39 | $ 164 | $ 86 | $ 257 |
Allowance for Credit Losses o_5
Allowance for Credit Losses on Loans - Schedule Credit Quality Indicators (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | $ 730,838 | $ 685,742 |
Fiscal Year before Latest Fiscal Year | 680,536 | 577,102 |
Two Years before Latest Fiscal Year | 566,161 | 607,704 |
Three Years before Latest Fiscal Year | 575,922 | 517,037 |
Four Years before Latest Fiscal Year | 482,614 | |
Prior | 1,131,106 | |
Prior | 1,248,499 | |
Revolving Loans Amortized Cost Basis | 606,102 | 640,176 |
Revolving Loans Converted to Term | 28,126 | 31,106 |
Total | 4,801,405 | 4,307,366 |
Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total | 2,905,485 | 2,818,782 |
Consumer | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Total | 945,669 | 955,050 |
Commercial and industrial | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 439,901 | 61,720 |
Fiscal Year before Latest Fiscal Year | 54,622 | 31,535 |
Two Years before Latest Fiscal Year | 26,720 | 26,598 |
Three Years before Latest Fiscal Year | 21,653 | 12,469 |
Four Years before Latest Fiscal Year | 8,679 | |
Prior | 12,738 | |
Prior | 16,911 | |
Revolving Loans Amortized Cost Basis | 68,784 | 99,389 |
Revolving Loans Converted to Term | 1,384 | 1,169 |
Total | 634,481 | 249,791 |
Construction | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 39,391 | 50,275 |
Fiscal Year before Latest Fiscal Year | 57,143 | 92,449 |
Two Years before Latest Fiscal Year | 105,394 | 76,042 |
Three Years before Latest Fiscal Year | 46,317 | 23,175 |
Four Years before Latest Fiscal Year | 25,167 | |
Prior | 5,154 | |
Prior | 7,886 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 278,566 | 249,827 |
Agriculture production | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 59 | 1,929 |
Fiscal Year before Latest Fiscal Year | 1,744 | 1,201 |
Two Years before Latest Fiscal Year | 1,060 | 1,324 |
Three Years before Latest Fiscal Year | 907 | 1,039 |
Four Years before Latest Fiscal Year | 806 | |
Prior | 583 | |
Prior | 834 | |
Revolving Loans Amortized Cost Basis | 30,282 | 26,306 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 35,441 | 32,633 |
Leases | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 1,763 | 1,283 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 1,763 | 1,283 |
CRE non-owner occupied | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 68,986 | 253,321 |
Fiscal Year before Latest Fiscal Year | 256,563 | 176,052 |
Two Years before Latest Fiscal Year | 179,479 | 290,839 |
Three Years before Latest Fiscal Year | 276,096 | 230,265 |
Four Years before Latest Fiscal Year | 215,270 | |
Prior | 523,308 | |
Prior | 582,009 | |
Revolving Loans Amortized Cost Basis | 77,239 | 77,070 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 1,596,941 | 1,609,556 |
CRE owner occupied | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 50,412 | 57,977 |
Fiscal Year before Latest Fiscal Year | 62,524 | 54,298 |
Two Years before Latest Fiscal Year | 52,394 | 73,949 |
Three Years before Latest Fiscal Year | 70,729 | 70,607 |
Four Years before Latest Fiscal Year | 67,800 | |
Prior | 258,480 | |
Prior | 271,079 | |
Revolving Loans Amortized Cost Basis | 17,464 | 18,524 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 579,803 | 546,434 |
Multifamily | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 47,185 | 82,435 |
Fiscal Year before Latest Fiscal Year | 90,562 | 112,739 |
Two Years before Latest Fiscal Year | 109,562 | 41,673 |
Three Years before Latest Fiscal Year | 73,701 | 101,194 |
Four Years before Latest Fiscal Year | 96,040 | |
Prior | 130,181 | |
Prior | 142,143 | |
Revolving Loans Amortized Cost Basis | 29,986 | 37,541 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 577,217 | 517,725 |
Farmland | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 6,510 | 26,786 |
Fiscal Year before Latest Fiscal Year | 28,140 | 21,212 |
Two Years before Latest Fiscal Year | 20,217 | 14,218 |
Three Years before Latest Fiscal Year | 13,770 | 10,310 |
Four Years before Latest Fiscal Year | 9,607 | |
Prior | 27,353 | |
Prior | 28,689 | |
Revolving Loans Amortized Cost Basis | 45,927 | 43,852 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 151,524 | 145,067 |
SFR 1-4 1st DT Liens | Consumer | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 61,920 | 102,612 |
Fiscal Year before Latest Fiscal Year | 90,994 | 64,355 |
Two Years before Latest Fiscal Year | 52,454 | 75,314 |
Three Years before Latest Fiscal Year | 66,737 | 65,122 |
Four Years before Latest Fiscal Year | 57,132 | |
Prior | 169,788 | |
Prior | 194,586 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 7,044 | 7,519 |
Total | 506,069 | 509,508 |
SFR HELOCs and junior liens | Consumer | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 1,412 |
Fiscal Year before Latest Fiscal Year | 500 | 34 |
Two Years before Latest Fiscal Year | 31 | 382 |
Three Years before Latest Fiscal Year | 375 | 559 |
Four Years before Latest Fiscal Year | 507 | |
Prior | 1,819 | |
Prior | 2,095 | |
Revolving Loans Amortized Cost Basis | 335,157 | 335,986 |
Revolving Loans Converted to Term | 19,698 | 22,418 |
Total | 358,087 | 362,886 |
Other | Consumer | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 14,711 | 45,992 |
Fiscal Year before Latest Fiscal Year | 37,744 | 23,227 |
Two Years before Latest Fiscal Year | 18,850 | 7,365 |
Three Years before Latest Fiscal Year | 5,637 | 2,297 |
Four Years before Latest Fiscal Year | 1,606 | |
Prior | 1,702 | |
Prior | 2,267 | |
Revolving Loans Amortized Cost Basis | 1,263 | 1,508 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 81,513 | 82,656 |
Pass | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 730,747 | 685,025 |
Fiscal Year before Latest Fiscal Year | 676,438 | 574,518 |
Two Years before Latest Fiscal Year | 563,607 | 596,418 |
Three Years before Latest Fiscal Year | 561,982 | 498,219 |
Four Years before Latest Fiscal Year | 461,322 | |
Prior | 1,103,041 | |
Prior | 1,222,138 | |
Revolving Loans Amortized Cost Basis | 577,233 | 625,389 |
Revolving Loans Converted to Term | 24,023 | 26,746 |
Total | 4,698,393 | 4,228,453 |
Pass | Commercial and industrial | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 439,901 | 61,720 |
Fiscal Year before Latest Fiscal Year | 54,477 | 31,149 |
Two Years before Latest Fiscal Year | 26,595 | 24,176 |
Three Years before Latest Fiscal Year | 20,081 | 10,747 |
Four Years before Latest Fiscal Year | 7,530 | |
Prior | 12,517 | |
Prior | 16,346 | |
Revolving Loans Amortized Cost Basis | 66,817 | 96,654 |
Revolving Loans Converted to Term | 1,240 | 973 |
Total | 629,158 | 241,765 |
Pass | Construction | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 39,391 | 50,275 |
Fiscal Year before Latest Fiscal Year | 57,143 | 92,449 |
Two Years before Latest Fiscal Year | 105,394 | 76,042 |
Three Years before Latest Fiscal Year | 45,971 | 18,973 |
Four Years before Latest Fiscal Year | 20,782 | |
Prior | 3,089 | |
Prior | 7,322 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 271,770 | 245,061 |
Pass | Agriculture production | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 59 | 1,929 |
Fiscal Year before Latest Fiscal Year | 1,744 | 1,201 |
Two Years before Latest Fiscal Year | 1,060 | 1,324 |
Three Years before Latest Fiscal Year | 907 | 1,012 |
Four Years before Latest Fiscal Year | 787 | |
Prior | 595 | |
Prior | 834 | |
Revolving Loans Amortized Cost Basis | 29,856 | 26,306 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 35,008 | 32,606 |
Pass | Leases | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 1,763 | 1,283 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 1,763 | 1,283 |
Pass | CRE non-owner occupied | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 68,986 | 253,321 |
Fiscal Year before Latest Fiscal Year | 255,297 | 174,869 |
Two Years before Latest Fiscal Year | 178,000 | 287,183 |
Three Years before Latest Fiscal Year | 273,918 | 221,864 |
Four Years before Latest Fiscal Year | 207,896 | |
Prior | 519,597 | |
Prior | 578,255 | |
Revolving Loans Amortized Cost Basis | 66,225 | 77,070 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 1,569,919 | 1,592,562 |
Pass | CRE owner occupied | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 50,412 | 57,376 |
Fiscal Year before Latest Fiscal Year | 61,065 | 54,298 |
Two Years before Latest Fiscal Year | 52,394 | 73,019 |
Three Years before Latest Fiscal Year | 65,943 | 69,136 |
Four Years before Latest Fiscal Year | 63,286 | |
Prior | 249,270 | |
Prior | 263,750 | |
Revolving Loans Amortized Cost Basis | 17,464 | 18,524 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 559,834 | 536,103 |
Pass | Multifamily | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 47,118 | 82,435 |
Fiscal Year before Latest Fiscal Year | 90,562 | 112,739 |
Two Years before Latest Fiscal Year | 109,562 | 41,673 |
Three Years before Latest Fiscal Year | 73,089 | 99,170 |
Four Years before Latest Fiscal Year | 94,016 | |
Prior | 130,181 | |
Prior | 141,040 | |
Revolving Loans Amortized Cost Basis | 28,518 | 36,061 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 573,046 | 513,118 |
Pass | Farmland | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 6,510 | 26,786 |
Fiscal Year before Latest Fiscal Year | 27,441 | 21,212 |
Two Years before Latest Fiscal Year | 20,217 | 12,248 |
Three Years before Latest Fiscal Year | 11,885 | 9,618 |
Four Years before Latest Fiscal Year | 8,930 | |
Prior | 21,473 | |
Prior | 22,471 | |
Revolving Loans Amortized Cost Basis | 42,694 | 41,783 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 139,150 | 134,118 |
Pass | SFR 1-4 1st DT Liens | Consumer | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 61,920 | 102,612 |
Fiscal Year before Latest Fiscal Year | 90,702 | 63,542 |
Two Years before Latest Fiscal Year | 51,816 | 73,195 |
Three Years before Latest Fiscal Year | 64,342 | 65,051 |
Four Years before Latest Fiscal Year | 56,167 | |
Prior | 163,073 | |
Prior | 187,972 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 5,708 | 6,242 |
Total | 493,728 | 498,614 |
Pass | SFR HELOCs and junior liens | Consumer | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 1,412 |
Fiscal Year before Latest Fiscal Year | 500 | 14 |
Two Years before Latest Fiscal Year | 13 | 382 |
Three Years before Latest Fiscal Year | 375 | 403 |
Four Years before Latest Fiscal Year | 373 | |
Prior | 1,716 | |
Prior | 2,077 | |
Revolving Loans Amortized Cost Basis | 324,511 | 327,589 |
Revolving Loans Converted to Term | 17,075 | 19,531 |
Total | 344,563 | 351,408 |
Pass | Other | Consumer | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 14,687 | 45,876 |
Fiscal Year before Latest Fiscal Year | 37,507 | 23,045 |
Two Years before Latest Fiscal Year | 18,556 | 7,176 |
Three Years before Latest Fiscal Year | 5,471 | 2,245 |
Four Years before Latest Fiscal Year | 1,555 | |
Prior | 1,530 | |
Prior | 2,071 | |
Revolving Loans Amortized Cost Basis | 1,148 | 1,402 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 80,454 | 81,815 |
Special Mention | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 91 | 56 |
Fiscal Year before Latest Fiscal Year | 1,662 | 541 |
Two Years before Latest Fiscal Year | 368 | 7,690 |
Three Years before Latest Fiscal Year | 9,240 | 13,796 |
Four Years before Latest Fiscal Year | 15,972 | |
Prior | 13,276 | |
Prior | 11,677 | |
Revolving Loans Amortized Cost Basis | 19,958 | 8,455 |
Revolving Loans Converted to Term | 1,316 | 2,002 |
Total | 61,883 | 44,217 |
Special Mention | Commercial and industrial | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 339 |
Two Years before Latest Fiscal Year | 65 | 1,141 |
Three Years before Latest Fiscal Year | 348 | 151 |
Four Years before Latest Fiscal Year | 113 | |
Prior | 80 | |
Prior | 164 | |
Revolving Loans Amortized Cost Basis | 1,043 | 1,921 |
Revolving Loans Converted to Term | 12 | 110 |
Total | 1,661 | 3,826 |
Special Mention | Construction | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 346 | 4,202 |
Four Years before Latest Fiscal Year | 4,385 | |
Prior | 1,824 | |
Prior | 317 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 6,555 | 4,519 |
Special Mention | Agriculture production | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 0 | 0 |
Special Mention | Leases | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 0 | 0 |
Special Mention | CRE non-owner occupied | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 1,266 | 0 |
Two Years before Latest Fiscal Year | 0 | 3,182 |
Three Years before Latest Fiscal Year | 1,712 | 8,401 |
Four Years before Latest Fiscal Year | 7,374 | |
Prior | 603 | |
Prior | 616 | |
Revolving Loans Amortized Cost Basis | 11,014 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 21,969 | 12,199 |
Special Mention | CRE owner occupied | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 437 |
Three Years before Latest Fiscal Year | 4,302 | 745 |
Four Years before Latest Fiscal Year | 3,821 | |
Prior | 5,602 | |
Prior | 3,459 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 13,725 | 4,641 |
Special Mention | Multifamily | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 67 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 612 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 1,103 | |
Revolving Loans Amortized Cost Basis | 1,468 | 1,480 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 2,147 | 2,583 |
Special Mention | Farmland | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 1,346 |
Three Years before Latest Fiscal Year | 1,271 | 226 |
Four Years before Latest Fiscal Year | 226 | |
Prior | 3,277 | |
Prior | 3,289 | |
Revolving Loans Amortized Cost Basis | 1,512 | 774 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 6,286 | 5,635 |
Special Mention | SFR 1-4 1st DT Liens | Consumer | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 292 | 0 |
Two Years before Latest Fiscal Year | 74 | 1,408 |
Three Years before Latest Fiscal Year | 556 | 19 |
Four Years before Latest Fiscal Year | 17 | |
Prior | 1,735 | |
Prior | 2,564 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 509 | 723 |
Total | 3,183 | 4,714 |
Special Mention | SFR HELOCs and junior liens | Consumer | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 20 |
Two Years before Latest Fiscal Year | 18 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 37 | |
Prior | 4 | |
Revolving Loans Amortized Cost Basis | 4,828 | 4,189 |
Revolving Loans Converted to Term | 795 | 1,169 |
Total | 5,678 | 5,382 |
Special Mention | Other | Consumer | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 24 | 56 |
Fiscal Year before Latest Fiscal Year | 104 | 182 |
Two Years before Latest Fiscal Year | 211 | 176 |
Three Years before Latest Fiscal Year | 93 | 52 |
Four Years before Latest Fiscal Year | 36 | |
Prior | 118 | |
Prior | 161 | |
Revolving Loans Amortized Cost Basis | 93 | 91 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 679 | 718 |
Substandard | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 661 |
Fiscal Year before Latest Fiscal Year | 2,436 | 2,043 |
Two Years before Latest Fiscal Year | 2,186 | 3,596 |
Three Years before Latest Fiscal Year | 4,700 | 5,022 |
Four Years before Latest Fiscal Year | 5,320 | |
Prior | 14,789 | |
Prior | 14,684 | |
Revolving Loans Amortized Cost Basis | 8,911 | 6,332 |
Revolving Loans Converted to Term | 2,787 | 2,358 |
Total | 41,129 | 34,696 |
Substandard | Commercial and industrial | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 145 | 47 |
Two Years before Latest Fiscal Year | 60 | 1,281 |
Three Years before Latest Fiscal Year | 1,224 | 1,571 |
Four Years before Latest Fiscal Year | 1,036 | |
Prior | 141 | |
Prior | 401 | |
Revolving Loans Amortized Cost Basis | 924 | 814 |
Revolving Loans Converted to Term | 132 | 86 |
Total | 3,662 | 4,200 |
Substandard | Construction | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 241 | |
Prior | 247 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 241 | 247 |
Substandard | Agriculture production | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 27 |
Four Years before Latest Fiscal Year | 19 | |
Prior | (12) | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 426 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 433 | 27 |
Substandard | Leases | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 0 | 0 |
Substandard | CRE non-owner occupied | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 1,183 |
Two Years before Latest Fiscal Year | 1,479 | 474 |
Three Years before Latest Fiscal Year | 466 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 3,108 | |
Prior | 3,138 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 5,053 | 4,795 |
Substandard | CRE owner occupied | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 601 |
Fiscal Year before Latest Fiscal Year | 1,459 | 0 |
Two Years before Latest Fiscal Year | 0 | 493 |
Three Years before Latest Fiscal Year | 484 | 726 |
Four Years before Latest Fiscal Year | 693 | |
Prior | 3,608 | |
Prior | 3,870 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 6,244 | 5,690 |
Substandard | Multifamily | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 2,024 |
Four Years before Latest Fiscal Year | 2,024 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 2,024 | 2,024 |
Substandard | Farmland | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 699 | 0 |
Two Years before Latest Fiscal Year | 0 | 624 |
Three Years before Latest Fiscal Year | 614 | 466 |
Four Years before Latest Fiscal Year | 451 | |
Prior | 2,603 | |
Prior | 2,929 | |
Revolving Loans Amortized Cost Basis | 1,721 | 1,295 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 6,088 | 5,314 |
Substandard | SFR 1-4 1st DT Liens | Consumer | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 813 |
Two Years before Latest Fiscal Year | 564 | 711 |
Three Years before Latest Fiscal Year | 1,839 | 52 |
Four Years before Latest Fiscal Year | 948 | |
Prior | 4,980 | |
Prior | 4,050 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 827 | 554 |
Total | 9,158 | 6,180 |
Substandard | SFR HELOCs and junior liens | Consumer | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 156 |
Four Years before Latest Fiscal Year | 134 | |
Prior | 66 | |
Prior | 14 | |
Revolving Loans Amortized Cost Basis | 5,818 | 4,208 |
Revolving Loans Converted to Term | 1,828 | 1,718 |
Total | 7,846 | 6,096 |
Substandard | Other | Consumer | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 60 |
Fiscal Year before Latest Fiscal Year | 133 | 0 |
Two Years before Latest Fiscal Year | 83 | 13 |
Three Years before Latest Fiscal Year | 73 | 0 |
Four Years before Latest Fiscal Year | 15 | |
Prior | 54 | |
Prior | 35 | |
Revolving Loans Amortized Cost Basis | 22 | 15 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 380 | 123 |
Doubtful/Loss | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 0 | 0 |
Doubtful/Loss | Commercial and industrial | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 0 | 0 |
Doubtful/Loss | Construction | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 0 | 0 |
Doubtful/Loss | Agriculture production | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 0 | 0 |
Doubtful/Loss | Leases | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 0 | 0 |
Doubtful/Loss | CRE non-owner occupied | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 0 | 0 |
Doubtful/Loss | CRE owner occupied | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 0 | 0 |
Doubtful/Loss | Multifamily | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 0 | 0 |
Doubtful/Loss | Farmland | Commercial real estate | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 0 | 0 |
Doubtful/Loss | SFR 1-4 1st DT Liens | Consumer | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 0 | 0 |
Doubtful/Loss | SFR HELOCs and junior liens | Consumer | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 0 | 0 |
Doubtful/Loss | Other | Consumer | ||
Loans and Leases Receivable Disclosure [Line Items] | ||
Current Fiscal Year | 0 | 0 |
Fiscal Year before Latest Fiscal Year | 0 | 0 |
Two Years before Latest Fiscal Year | 0 | 0 |
Three Years before Latest Fiscal Year | 0 | 0 |
Four Years before Latest Fiscal Year | 0 | |
Prior | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | $ 0 | $ 0 |
Allowance for Credit Losses o_6
Allowance for Credit Losses on Loans - Analysis of Past Due and Nonaccrual Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Financing Receivable, Past Due [Line Items] | ||
Total | $ 4,801,405 | $ 4,307,366 |
Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 2,905,485 | 2,818,782 |
Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 945,669 | 955,050 |
Commercial and industrial | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 634,481 | 249,791 |
Construction | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 278,566 | 249,827 |
Agriculture production | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 35,441 | 32,633 |
Leases | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 1,763 | 1,283 |
CRE non-owner occupied | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 1,596,941 | 1,609,556 |
CRE owner occupied | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 579,803 | 546,434 |
Multifamily | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 577,217 | 517,725 |
Farmland | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 151,524 | 145,067 |
SFR 1-4 1st DT Liens | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 506,069 | 509,508 |
SFR HELOCs and junior liens | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 358,087 | 362,886 |
Other | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Total | 81,513 | 82,656 |
Financial Asset Originated | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 16,622 | 10,720 |
Current | 4,784,783 | 4,296,646 |
Total | 4,801,405 | 4,307,366 |
Financial Asset Originated | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 8,102 | 3,148 |
Current | 2,897,383 | 2,815,634 |
Total | 2,905,485 | 2,818,782 |
Financial Asset Originated | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 6,537 | 6,599 |
Current | 939,132 | 948,451 |
Total | 945,669 | 955,050 |
Financial Asset Originated | Commercial and industrial | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 1,699 | 924 |
Current | 632,782 | 248,867 |
Total | 634,481 | 249,791 |
Financial Asset Originated | Construction | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 19 | 0 |
Current | 278,547 | 249,827 |
Total | 278,566 | 249,827 |
Financial Asset Originated | Agriculture production | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 265 | 49 |
Current | 35,176 | 32,584 |
Total | 35,441 | 32,633 |
Financial Asset Originated | Leases | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 0 | 0 |
Current | 1,763 | 1,283 |
Total | 1,763 | 1,283 |
Financial Asset Originated | CRE non-owner occupied | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 3,369 | 518 |
Current | 1,593,572 | 1,609,038 |
Total | 1,596,941 | 1,609,556 |
Financial Asset Originated | CRE owner occupied | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 2,529 | 293 |
Current | 577,274 | 546,141 |
Total | 579,803 | 546,434 |
Financial Asset Originated | Multifamily | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 2,024 | 2,307 |
Current | 575,193 | 515,418 |
Total | 577,217 | 517,725 |
Financial Asset Originated | Farmland | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 180 | 30 |
Current | 151,344 | 145,037 |
Total | 151,524 | 145,067 |
Financial Asset Originated | SFR 1-4 1st DT Liens | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 3,316 | 3,477 |
Current | 502,753 | 506,031 |
Total | 506,069 | 509,508 |
Financial Asset Originated | SFR HELOCs and junior liens | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 2,827 | 2,926 |
Current | 355,260 | 359,960 |
Total | 358,087 | 362,886 |
Financial Asset Originated | Other | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 394 | 196 |
Current | 81,119 | 82,460 |
Total | 81,513 | 82,656 |
Financial Asset, 30 to 59 Days Past Due | Financial Asset Originated | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 4,818 | 3,812 |
Financial Asset, 30 to 59 Days Past Due | Financial Asset Originated | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 3,723 | 581 |
Financial Asset, 30 to 59 Days Past Due | Financial Asset Originated | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 210 | 2,579 |
Financial Asset, 30 to 59 Days Past Due | Financial Asset Originated | Commercial and industrial | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 751 | 603 |
Financial Asset, 30 to 59 Days Past Due | Financial Asset Originated | Construction | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 19 | 0 |
Financial Asset, 30 to 59 Days Past Due | Financial Asset Originated | Agriculture production | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 115 | 49 |
Financial Asset, 30 to 59 Days Past Due | Financial Asset Originated | Leases | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due | Financial Asset Originated | CRE non-owner occupied | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 2,589 | 268 |
Financial Asset, 30 to 59 Days Past Due | Financial Asset Originated | CRE owner occupied | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 954 | 0 |
Financial Asset, 30 to 59 Days Past Due | Financial Asset Originated | Multifamily | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 0 | 283 |
Financial Asset, 30 to 59 Days Past Due | Financial Asset Originated | Farmland | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 180 | 30 |
Financial Asset, 30 to 59 Days Past Due | Financial Asset Originated | SFR 1-4 1st DT Liens | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 0 | 1,149 |
Financial Asset, 30 to 59 Days Past Due | Financial Asset Originated | SFR HELOCs and junior liens | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 125 | 1,258 |
Financial Asset, 30 to 59 Days Past Due | Financial Asset Originated | Other | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 85 | 172 |
Financial Asset, 60 to 89 Days Past Due | Financial Asset Originated | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 4,350 | 1,385 |
Financial Asset, 60 to 89 Days Past Due | Financial Asset Originated | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 1,855 | 136 |
Financial Asset, 60 to 89 Days Past Due | Financial Asset Originated | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 1,728 | 952 |
Financial Asset, 60 to 89 Days Past Due | Financial Asset Originated | Commercial and industrial | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 767 | 297 |
Financial Asset, 60 to 89 Days Past Due | Financial Asset Originated | Construction | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due | Financial Asset Originated | Agriculture production | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due | Financial Asset Originated | Leases | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due | Financial Asset Originated | CRE non-owner occupied | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 667 | 136 |
Financial Asset, 60 to 89 Days Past Due | Financial Asset Originated | CRE owner occupied | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 1,188 | |
Financial Asset, 60 to 89 Days Past Due | Financial Asset Originated | Multifamily | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due | Financial Asset Originated | Farmland | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due | Financial Asset Originated | SFR 1-4 1st DT Liens | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 1,046 | 371 |
Financial Asset, 60 to 89 Days Past Due | Financial Asset Originated | SFR HELOCs and junior liens | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 453 | 580 |
Financial Asset, 60 to 89 Days Past Due | Financial Asset Originated | Other | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 229 | 1 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Financial Asset Originated | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 7,454 | 5,523 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Financial Asset Originated | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 2,524 | 2,431 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Financial Asset Originated | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 4,599 | 3,068 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Financial Asset Originated | Commercial and industrial | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 181 | 24 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Financial Asset Originated | Construction | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Financial Asset Originated | Agriculture production | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 150 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Financial Asset Originated | Leases | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Financial Asset Originated | CRE non-owner occupied | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 113 | 114 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Financial Asset Originated | CRE owner occupied | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 387 | 293 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Financial Asset Originated | Multifamily | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 2,024 | 2,024 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Financial Asset Originated | Farmland | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Financial Asset Originated | SFR 1-4 1st DT Liens | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 2,270 | 1,957 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Financial Asset Originated | SFR HELOCs and junior liens | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | 2,249 | 1,088 |
Financial Asset, Equal to or Greater than 90 Days Past Due | Financial Asset Originated | Other | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Past due | $ 80 | $ 23 |
Allowance for Credit Losses o_7
Allowance for Credit Losses on Loans - Schedule of Non Accrual Loans (Detail) - Financial Asset Originated - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Financing Receivable, Past Due [Line Items] | ||
Non accrual with no allowance for credit losses | $ 17,175 | $ 13,909 |
Non accrual, no allowance including guaranteed loans | 17,988 | 14,825 |
Non accrual including guaranteed loans | 21,543 | 16,845 |
Total non accrual | 20,730 | 15,855 |
Loans Insured or Guaranteed by US Government Authorities | ||
Financing Receivable, Past Due [Line Items] | ||
Non accrual with no allowance for credit losses | 813 | 916 |
Total non accrual | 813 | 990 |
Financial Asset, Equal to or Greater than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Past due 90 days or more and still accruing | 31 | 19 |
Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Non accrual with no allowance for credit losses | 6,786 | 5,316 |
Total non accrual | 6,929 | 5,316 |
Commercial real estate | Financial Asset, Equal to or Greater than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Past due 90 days or more and still accruing | 0 | 0 |
Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Non accrual with no allowance for credit losses | 9,947 | 9,019 |
Total non accrual | 12,489 | 9,441 |
Consumer | Financial Asset, Equal to or Greater than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Past due 90 days or more and still accruing | 1 | 19 |
Commercial and industrial | ||
Financing Receivable, Past Due [Line Items] | ||
Non accrual with no allowance for credit losses | 973 | 476 |
Total non accrual | 1,680 | 2,050 |
Commercial and industrial | Financial Asset, Equal to or Greater than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Past due 90 days or more and still accruing | 30 | 0 |
Construction | ||
Financing Receivable, Past Due [Line Items] | ||
Non accrual with no allowance for credit losses | 0 | 0 |
Total non accrual | 0 | 0 |
Construction | Financial Asset, Equal to or Greater than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Past due 90 days or more and still accruing | 0 | 0 |
Agriculture production | ||
Financing Receivable, Past Due [Line Items] | ||
Non accrual with no allowance for credit losses | 282 | 14 |
Total non accrual | 445 | 38 |
Agriculture production | Financial Asset, Equal to or Greater than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Past due 90 days or more and still accruing | 0 | 0 |
Leases | ||
Financing Receivable, Past Due [Line Items] | ||
Non accrual with no allowance for credit losses | 0 | |
Total non accrual | 0 | |
Leases | Financial Asset, Equal to or Greater than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Past due 90 days or more and still accruing | 0 | 0 |
CRE non-owner occupied | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Non accrual with no allowance for credit losses | 677 | 639 |
Total non accrual | 677 | 642 |
CRE non-owner occupied | Commercial real estate | Financial Asset, Equal to or Greater than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Past due 90 days or more and still accruing | 0 | 0 |
CRE owner occupied | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Non accrual with no allowance for credit losses | 2,266 | 1,411 |
Total non accrual | 2,409 | 1,408 |
CRE owner occupied | Commercial real estate | Financial Asset, Equal to or Greater than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Past due 90 days or more and still accruing | 0 | 0 |
Multifamily | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Non accrual with no allowance for credit losses | 2,024 | 2,024 |
Total non accrual | 2,024 | 2,024 |
Multifamily | Commercial real estate | Financial Asset, Equal to or Greater than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Past due 90 days or more and still accruing | 0 | 0 |
Farmland | Commercial real estate | ||
Financing Receivable, Past Due [Line Items] | ||
Non accrual with no allowance for credit losses | 1,819 | 1,242 |
Total non accrual | 1,819 | 1,242 |
Farmland | Commercial real estate | Financial Asset, Equal to or Greater than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Past due 90 days or more and still accruing | 0 | 0 |
SFR 1-4 1st DT Liens | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Non accrual with no allowance for credit losses | 5,737 | 5,023 |
Total non accrual | 6,719 | 5,192 |
SFR 1-4 1st DT Liens | Consumer | Financial Asset, Equal to or Greater than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Past due 90 days or more and still accruing | 0 | 0 |
SFR HELOCs and junior liens | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Non accrual with no allowance for credit losses | 4,128 | 3,992 |
Total non accrual | 5,665 | 4,217 |
SFR HELOCs and junior liens | Consumer | Financial Asset, Equal to or Greater than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Past due 90 days or more and still accruing | 0 | 0 |
Other | Consumer | ||
Financing Receivable, Past Due [Line Items] | ||
Non accrual with no allowance for credit losses | 82 | 4 |
Total non accrual | 105 | 32 |
Other | Consumer | Financial Asset, Equal to or Greater than 90 Days Past Due | ||
Financing Receivable, Past Due [Line Items] | ||
Past due 90 days or more and still accruing | $ 1 | $ 19 |
Allowance for Credit Losses o_8
Allowance for Credit Losses on Loans - Amortized Cost Basis of Collateral Dependent Loans, By Class of Loan (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | $ 4,801,405 | $ 4,307,366 |
Retail | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,510 | 2,506 |
Office | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,023 | 163 |
Warehouse | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,837 | 1,640 |
Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 889 | 620 |
Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 2,024 | 2,060 |
Farmland | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,368 | 1,242 |
SFR -1st Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 7,160 | 5,341 |
SFR -2nd Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 3,569 | 3,848 |
Automobile/Truck | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 83 | 27 |
A/R and Inventory | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,426 | 1,952 |
Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 218 | 1,026 |
Total | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 21,107 | 20,425 |
Commercial real estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 2,905,485 | 2,818,782 |
Commercial real estate | Retail | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,510 | 2,506 |
Commercial real estate | Office | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,023 | 163 |
Commercial real estate | Warehouse | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,837 | 1,640 |
Commercial real estate | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 451 | 510 |
Commercial real estate | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 2,024 | 2,060 |
Commercial real estate | Farmland | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,368 | 1,242 |
Commercial real estate | SFR -1st Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Commercial real estate | SFR -2nd Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Commercial real estate | Automobile/Truck | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Commercial real estate | A/R and Inventory | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Commercial real estate | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 1,000 |
Commercial real estate | Total | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 8,213 | 9,121 |
Consumer | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 945,669 | 955,050 |
Consumer | Retail | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Consumer | Office | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Consumer | Warehouse | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Consumer | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 3 | 3 |
Consumer | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Consumer | Farmland | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Consumer | SFR -1st Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 7,160 | 5,341 |
Consumer | SFR -2nd Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 3,569 | 3,848 |
Consumer | Automobile/Truck | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 83 | 27 |
Consumer | A/R and Inventory | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Consumer | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Consumer | Total | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 10,815 | 9,219 |
Commercial and industrial | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 634,481 | 249,791 |
Commercial and industrial | Retail | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Commercial and industrial | Office | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Commercial and industrial | Warehouse | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Commercial and industrial | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 9 | 107 |
Commercial and industrial | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Commercial and industrial | Farmland | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Commercial and industrial | SFR -1st Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Commercial and industrial | SFR -2nd Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Commercial and industrial | Automobile/Truck | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Commercial and industrial | A/R and Inventory | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,413 | 1,926 |
Commercial and industrial | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 212 | 14 |
Commercial and industrial | Total | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,634 | 2,047 |
Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 278,566 | 249,827 |
Construction | Retail | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Construction | Office | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Construction | Warehouse | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Construction | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Construction | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Construction | Farmland | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Construction | SFR -1st Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Construction | SFR -2nd Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Construction | Automobile/Truck | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Construction | A/R and Inventory | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Construction | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Construction | Total | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Agriculture production | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 35,441 | 32,633 |
Agriculture production | Retail | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Agriculture production | Office | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Agriculture production | Warehouse | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Agriculture production | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 426 | 0 |
Agriculture production | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Agriculture production | Farmland | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Agriculture production | SFR -1st Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Agriculture production | SFR -2nd Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Agriculture production | Automobile/Truck | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Agriculture production | A/R and Inventory | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 13 | 26 |
Agriculture production | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 6 | 12 |
Agriculture production | Total | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 445 | 38 |
Leases | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,763 | 1,283 |
Leases | Retail | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Leases | Office | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Leases | Warehouse | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Leases | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Leases | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Leases | Farmland | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Leases | SFR -1st Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Leases | SFR -2nd Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Leases | Automobile/Truck | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Leases | A/R and Inventory | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Leases | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Leases | Total | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
CRE non-owner occupied | Commercial real estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,596,941 | 1,609,556 |
CRE non-owner occupied | Commercial real estate | Retail | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 677 | 2,145 |
CRE non-owner occupied | Commercial real estate | Office | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
CRE non-owner occupied | Commercial real estate | Warehouse | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,207 | 1,220 |
CRE non-owner occupied | Commercial real estate | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 497 |
CRE non-owner occupied | Commercial real estate | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
CRE non-owner occupied | Commercial real estate | Farmland | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
CRE non-owner occupied | Commercial real estate | SFR -1st Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
CRE non-owner occupied | Commercial real estate | SFR -2nd Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
CRE non-owner occupied | Commercial real estate | Automobile/Truck | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
CRE non-owner occupied | Commercial real estate | A/R and Inventory | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
CRE non-owner occupied | Commercial real estate | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
CRE non-owner occupied | Commercial real estate | Total | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,884 | 3,862 |
CRE owner occupied | Commercial real estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 579,803 | 546,434 |
CRE owner occupied | Commercial real estate | Retail | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 833 | 361 |
CRE owner occupied | Commercial real estate | Office | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,023 | 163 |
CRE owner occupied | Commercial real estate | Warehouse | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 630 | 420 |
CRE owner occupied | Commercial real estate | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 451 | 13 |
CRE owner occupied | Commercial real estate | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
CRE owner occupied | Commercial real estate | Farmland | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
CRE owner occupied | Commercial real estate | SFR -1st Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
CRE owner occupied | Commercial real estate | SFR -2nd Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
CRE owner occupied | Commercial real estate | Automobile/Truck | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
CRE owner occupied | Commercial real estate | A/R and Inventory | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
CRE owner occupied | Commercial real estate | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 1,000 |
CRE owner occupied | Commercial real estate | Total | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 2,937 | 1,957 |
Multifamily | Commercial real estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 577,217 | 517,725 |
Multifamily | Commercial real estate | Retail | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Multifamily | Commercial real estate | Office | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Multifamily | Commercial real estate | Warehouse | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Multifamily | Commercial real estate | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Multifamily | Commercial real estate | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 2,024 | 2,060 |
Multifamily | Commercial real estate | Farmland | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Multifamily | Commercial real estate | SFR -1st Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Multifamily | Commercial real estate | SFR -2nd Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Multifamily | Commercial real estate | Automobile/Truck | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Multifamily | Commercial real estate | A/R and Inventory | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Multifamily | Commercial real estate | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Multifamily | Commercial real estate | Total | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 2,024 | 2,060 |
Farmland | Commercial real estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 151,524 | 145,067 |
Farmland | Commercial real estate | Retail | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Farmland | Commercial real estate | Office | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Farmland | Commercial real estate | Warehouse | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Farmland | Commercial real estate | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Farmland | Commercial real estate | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Farmland | Commercial real estate | Farmland | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,368 | 1,242 |
Farmland | Commercial real estate | SFR -1st Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Farmland | Commercial real estate | SFR -2nd Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Farmland | Commercial real estate | Automobile/Truck | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Farmland | Commercial real estate | A/R and Inventory | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Farmland | Commercial real estate | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Farmland | Commercial real estate | Total | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,368 | 1,242 |
SFR 1-4 1st DT Liens | Consumer | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 506,069 | 509,508 |
SFR 1-4 1st DT Liens | Consumer | Retail | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR 1-4 1st DT Liens | Consumer | Office | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR 1-4 1st DT Liens | Consumer | Warehouse | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR 1-4 1st DT Liens | Consumer | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR 1-4 1st DT Liens | Consumer | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR 1-4 1st DT Liens | Consumer | Farmland | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR 1-4 1st DT Liens | Consumer | SFR -1st Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 6,055 | 5,341 |
SFR 1-4 1st DT Liens | Consumer | SFR -2nd Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR 1-4 1st DT Liens | Consumer | Automobile/Truck | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR 1-4 1st DT Liens | Consumer | A/R and Inventory | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR 1-4 1st DT Liens | Consumer | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR 1-4 1st DT Liens | Consumer | Total | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 6,055 | 5,341 |
SFR HELOCs and junior liens | Consumer | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 358,087 | 362,886 |
SFR HELOCs and junior liens | Consumer | Retail | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR HELOCs and junior liens | Consumer | Office | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR HELOCs and junior liens | Consumer | Warehouse | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR HELOCs and junior liens | Consumer | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR HELOCs and junior liens | Consumer | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR HELOCs and junior liens | Consumer | Farmland | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR HELOCs and junior liens | Consumer | SFR -1st Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 1,105 | 0 |
SFR HELOCs and junior liens | Consumer | SFR -2nd Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 3,569 | 3,848 |
SFR HELOCs and junior liens | Consumer | Automobile/Truck | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR HELOCs and junior liens | Consumer | A/R and Inventory | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR HELOCs and junior liens | Consumer | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
SFR HELOCs and junior liens | Consumer | Total | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 4,674 | 3,848 |
Other | Consumer | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 81,513 | 82,656 |
Other | Consumer | Retail | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Other | Consumer | Office | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Other | Consumer | Warehouse | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Other | Consumer | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 3 | 3 |
Other | Consumer | Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Other | Consumer | Farmland | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Other | Consumer | SFR -1st Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Other | Consumer | SFR -2nd Deed | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Other | Consumer | Automobile/Truck | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 83 | 27 |
Other | Consumer | A/R and Inventory | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Other | Consumer | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | 0 | 0 |
Other | Consumer | Total | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total | $ 86 | $ 30 |
Allowance for Credit Losses o_9
Allowance for Credit Losses on Loans - Troubled Debt Restructurings (Detail) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020USD ($)investment_security | Jun. 30, 2019USD ($)investment_security | Jun. 30, 2020USD ($)investment_security | Jun. 30, 2019USD ($)investment_security | |
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number | investment_security | 0 | 6 | 6 | 10 |
Pre-mod outstanding principal balance | $ 0 | $ 1,847 | $ 680 | $ 2,145 |
Post-mod outstanding principal balance | 0 | 1,817 | 738 | 2,114 |
Financial impact due to TDR taken as additional provision | $ 0 | $ 29 | $ 21 | $ 31 |
Number that defaulted during the period | investment_security | 1 | 0 | 2,000 | 1 |
Recorded investment of TDR's that defaulted during the period | $ 735 | $ 0 | $ 1,037 | $ 7 |
Financial impact due to the default of previous TDR taken as charge-offs or additional provisions | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial real estate | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number | investment_security | 0 | 0 | 3 | 0 |
Pre-mod outstanding principal balance | $ 0 | $ 0 | $ 487 | $ 0 |
Post-mod outstanding principal balance | 0 | 0 | 549 | 0 |
Financial impact due to TDR taken as additional provision | $ 0 | $ 0 | $ 0 | $ 0 |
Number that defaulted during the period | investment_security | 0 | 0 | 0 | 0 |
Recorded investment of TDR's that defaulted during the period | $ 0 | $ 0 | $ 0 | $ 0 |
Financial impact due to the default of previous TDR taken as charge-offs or additional provisions | $ 0 | $ 0 | $ 0 | $ 0 |
Consumer | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number | investment_security | 0 | 2 | 2 | 4 |
Pre-mod outstanding principal balance | $ 0 | $ 93 | $ 172 | $ 377 |
Post-mod outstanding principal balance | 0 | 95 | 169 | 377 |
Financial impact due to TDR taken as additional provision | $ 0 | $ 27 | $ 0 | $ 0 |
Number that defaulted during the period | investment_security | 1 | 2,000 | 0 | |
Recorded investment of TDR's that defaulted during the period | $ 735 | $ 1,037 | $ 0 | |
Financial impact due to the default of previous TDR taken as charge-offs or additional provisions | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial and industrial | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number | investment_security | 0 | 4 | 1 | 6 |
Pre-mod outstanding principal balance | $ 0 | $ 1,754 | $ 21 | $ 1,768 |
Post-mod outstanding principal balance | 0 | 1,722 | 20 | 1,737 |
Financial impact due to TDR taken as additional provision | $ 0 | $ 2 | $ 21 | $ 31 |
Number that defaulted during the period | investment_security | 0 | 0 | 0 | 1 |
Recorded investment of TDR's that defaulted during the period | $ 0 | $ 0 | $ 0 | $ 7 |
Financial impact due to the default of previous TDR taken as charge-offs or additional provisions | $ 0 | $ 0 | $ 0 | $ 0 |
Construction | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number | investment_security | 0 | 0 | 0 | 0 |
Pre-mod outstanding principal balance | $ 0 | $ 0 | $ 0 | $ 0 |
Post-mod outstanding principal balance | 0 | 0 | 0 | 0 |
Financial impact due to TDR taken as additional provision | $ 0 | $ 0 | $ 0 | $ 0 |
Number that defaulted during the period | investment_security | 0 | 0 | 0 | 0 |
Recorded investment of TDR's that defaulted during the period | $ 0 | $ 0 | $ 0 | $ 0 |
Financial impact due to the default of previous TDR taken as charge-offs or additional provisions | $ 0 | $ 0 | $ 0 | $ 0 |
Agriculture production | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number | investment_security | 0 | 0 | 0 | 0 |
Pre-mod outstanding principal balance | $ 0 | $ 0 | $ 0 | $ 0 |
Post-mod outstanding principal balance | 0 | 0 | 0 | 0 |
Financial impact due to TDR taken as additional provision | $ 0 | $ 0 | $ 0 | $ 0 |
Number that defaulted during the period | investment_security | 0 | 0 | 0 | 0 |
Recorded investment of TDR's that defaulted during the period | $ 0 | $ 0 | $ 0 | $ 0 |
Financial impact due to the default of previous TDR taken as charge-offs or additional provisions | $ 0 | $ 0 | $ 0 | $ 0 |
Leases | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number | investment_security | 0 | 0 | 0 | 0 |
Pre-mod outstanding principal balance | $ 0 | $ 0 | $ 0 | $ 0 |
Post-mod outstanding principal balance | 0 | 0 | 0 | 0 |
Financial impact due to TDR taken as additional provision | $ 0 | $ 0 | $ 0 | $ 0 |
Number that defaulted during the period | investment_security | 0 | 0 | 0 | 0 |
Recorded investment of TDR's that defaulted during the period | $ 0 | $ 0 | $ 0 | $ 0 |
Financial impact due to the default of previous TDR taken as charge-offs or additional provisions | $ 0 | $ 0 | $ 0 | $ 0 |
CRE non-owner occupied | Commercial real estate | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number | investment_security | 0 | 0 | 1 | 0 |
Pre-mod outstanding principal balance | $ 0 | $ 0 | $ 257 | $ 0 |
Post-mod outstanding principal balance | 0 | 0 | 251 | 0 |
Financial impact due to TDR taken as additional provision | $ 0 | $ 0 | $ 0 | $ 0 |
Number that defaulted during the period | investment_security | 0 | 0 | 0 | 0 |
Recorded investment of TDR's that defaulted during the period | $ 0 | $ 0 | $ 0 | $ 0 |
Financial impact due to the default of previous TDR taken as charge-offs or additional provisions | $ 0 | $ 0 | $ 0 | $ 0 |
CRE owner occupied | Commercial real estate | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number | investment_security | 0 | 0 | 0 | 0 |
Pre-mod outstanding principal balance | $ 0 | $ 0 | $ 0 | $ 0 |
Post-mod outstanding principal balance | 0 | 0 | 0 | 0 |
Financial impact due to TDR taken as additional provision | $ 0 | $ 0 | $ 0 | $ 0 |
Number that defaulted during the period | investment_security | 0 | 0 | 0 | 0 |
Recorded investment of TDR's that defaulted during the period | $ 0 | $ 0 | $ 0 | $ 0 |
Financial impact due to the default of previous TDR taken as charge-offs or additional provisions | $ 0 | $ 0 | $ 0 | $ 0 |
Multifamily | Commercial real estate | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number | investment_security | 0 | 0 | 0 | 0 |
Pre-mod outstanding principal balance | $ 0 | $ 0 | $ 0 | $ 0 |
Post-mod outstanding principal balance | 0 | 0 | 0 | 0 |
Financial impact due to TDR taken as additional provision | $ 0 | $ 0 | $ 0 | $ 0 |
Number that defaulted during the period | investment_security | 0 | 0 | 0 | 0 |
Recorded investment of TDR's that defaulted during the period | $ 0 | $ 0 | $ 0 | $ 0 |
Financial impact due to the default of previous TDR taken as charge-offs or additional provisions | $ 0 | $ 0 | $ 0 | $ 0 |
Farmland | Commercial real estate | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number | investment_security | 0 | 0 | 2 | 0 |
Pre-mod outstanding principal balance | $ 0 | $ 0 | $ 230 | $ 0 |
Post-mod outstanding principal balance | 0 | 0 | 298 | 0 |
Financial impact due to TDR taken as additional provision | $ 0 | $ 0 | $ 0 | $ 0 |
Number that defaulted during the period | investment_security | 0 | 0 | 0 | 0 |
Recorded investment of TDR's that defaulted during the period | $ 0 | $ 0 | $ 0 | $ 0 |
Financial impact due to the default of previous TDR taken as charge-offs or additional provisions | $ 0 | $ 0 | $ 0 | $ 0 |
SFR 1-4 1st DT Liens | Consumer | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number | investment_security | 0 | 0 | 0 | 1 |
Pre-mod outstanding principal balance | $ 0 | $ 0 | $ 0 | $ 163 |
Post-mod outstanding principal balance | 0 | 0 | 0 | 162 |
Financial impact due to TDR taken as additional provision | $ 0 | $ 0 | $ 0 | $ 0 |
Number that defaulted during the period | investment_security | 1 | 0 | 2,000 | 0 |
Recorded investment of TDR's that defaulted during the period | $ 735 | $ 0 | $ 1,037 | $ 0 |
Financial impact due to the default of previous TDR taken as charge-offs or additional provisions | $ 0 | $ 0 | $ 0 | $ 0 |
SFR HELOCs and junior liens | Consumer | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number | investment_security | 0 | 2 | 2 | 3 |
Pre-mod outstanding principal balance | $ 0 | $ 93 | $ 172 | $ 214 |
Post-mod outstanding principal balance | 0 | 95 | 169 | 215 |
Financial impact due to TDR taken as additional provision | $ 0 | $ 27 | $ 0 | $ 0 |
Number that defaulted during the period | investment_security | 0 | 0 | 0 | 0 |
Recorded investment of TDR's that defaulted during the period | $ 0 | $ 0 | $ 0 | $ 0 |
Financial impact due to the default of previous TDR taken as charge-offs or additional provisions | $ 0 | $ 0 | $ 0 | $ 0 |
Other | Consumer | ||||
Financing Receivable, Troubled Debt Restructuring [Line Items] | ||||
Number | investment_security | 0 | 0 | 0 | 0 |
Pre-mod outstanding principal balance | $ 0 | $ 0 | $ 0 | $ 0 |
Post-mod outstanding principal balance | 0 | 0 | 0 | 0 |
Financial impact due to TDR taken as additional provision | $ 0 | $ 0 | $ 0 | $ 0 |
Number that defaulted during the period | investment_security | 0 | 0 | 0 | 0 |
Recorded investment of TDR's that defaulted during the period | $ 0 | $ 0 | $ 0 | $ 0 |
Financial impact due to the default of previous TDR taken as charge-offs or additional provisions | $ 0 | $ 0 | $ 0 | $ 0 |
Leases - Additional Information
Leases - Additional Information (Detail) | 6 Months Ended |
Jun. 30, 2020renewal_option | |
Leases [Abstract] | |
Number of lease renewal options (in renewal options) | 1 |
Leases - Components of Lease Ex
Leases - Components of Lease Expense (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Leases [Abstract] | ||||
Operating lease cost | $ 1,291 | $ 1,310 | $ 2,586 | $ 2,621 |
Short-term lease cost | 65 | 58 | 128 | 129 |
Variable lease cost | 1 | (17) | 6 | (22) |
Sublease income | (35) | (32) | (69) | (66) |
Total lease cost | $ 1,322 | $ 1,319 | $ 2,651 | $ 2,662 |
Leases - Supplemental Cash Flow
Leases - Supplemental Cash Flow Information Related To Leases (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Leases [Abstract] | ||||
Operating cash flows for operating leases | $ 1,243 | $ 1,229 | $ 2,480 | $ 2,447 |
ROUA obtained in exchange for operating lease liabilities | $ 675 | $ 156 | $ 4,068 | $ 32,162 |
Leases - Weighted Average Opera
Leases - Weighted Average Operating Lease Term And Discount Rate (Detail) | Jun. 30, 2020 | Jun. 30, 2019 |
Leases [Abstract] | ||
Weighted-average remaining lease term (years) | 10 years 3 months 18 days | 9 years 6 months |
Weighted-average discount rate | 3.17% | 3.18% |
Leases - Future Minimum Rental
Leases - Future Minimum Rental Payments For Operating Leases (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Leases [Abstract] | ||
2020 | $ 2,311 | |
2021 | 4,561 | |
2022 | 4,225 | |
2023 | 3,549 | |
2024 | 3,273 | |
Thereafter | 17,398 | |
Total | 35,317 | |
Discount for present value of expected cash flows | (5,574) | |
Lease liability at June 30, 2020 | $ 29,743 | $ 27,540 |
Deposits - Summary of Balances
Deposits - Summary of Balances of Deposits (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Deposits [Abstract] | ||
Noninterest-bearing demand | $ 2,487,120 | $ 1,832,665 |
Interest-bearing demand | 1,318,951 | 1,242,274 |
Savings | 2,043,593 | 1,851,549 |
Time certificates, $250,000 or more | 102,434 | 129,061 |
Other time certificates | 296,160 | 311,445 |
Total deposits | $ 6,248,258 | $ 5,366,994 |
Deposits - Additional Informati
Deposits - Additional Information (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Schedule Of Deposits [Line Items] | ||
Overdrawn deposit balances classified as consumer loans | $ 847 | $ 1,550 |
California | ||
Schedule Of Deposits [Line Items] | ||
Certificate of deposits, included in time certificates, over $250,000 | $ 30,000 | $ 30,000 |
Commitments and Contingencies -
Commitments and Contingencies - Summary of Bank's Commitments and Contingent Liabilities (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Commitments to extend credit | ||
Real estate construction loans | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Commitments to extend credit | 224,701 | 222,998 |
Real estate mortgage loans | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Commitments to extend credit | 208,973 | 188,959 |
Standby letters of credit | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Commitments to extend credit | 11,034 | 12,014 |
Commercial Loan | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Commitments to extend credit | 391,333 | 363,793 |
Consumer loans | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Commitments to extend credit | 541,569 | 533,576 |
Deposit account overdraft privilege | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Commitments to extend credit | $ 110,468 | $ 110,402 |
Shareholders' Equity - Addition
Shareholders' Equity - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | Nov. 12, 2019 | |
Class of Stock [Line Items] | ||||||
Cash dividends received | $ 12,694 | $ 10,236 | $ 39,448 | $ 18,350 | ||
Repurchase of common stock (in shares) | 1,525,000 | |||||
Shares repurchased as a percentage of total shares outstanding | 5.00% | |||||
Repurchase of common stock | $ 8,009 | $ 3,660 | 25,304 | 4,695 | ||
Market value of shares repurchased under equity compensation plans | $ 494 | $ 4,695 | ||||
Minimum | ||||||
Class of Stock [Line Items] | ||||||
Company's common stock in lieu of cash to exercise options to purchase shares (in shares) | 11,306 | 11,439 | ||||
Maximum | ||||||
Class of Stock [Line Items] | ||||||
Company's common stock in lieu of cash to exercise options to purchase shares (in shares) | 15,151 | 15,242 | ||||
2007 Stock Repurchase Plan | ||||||
Class of Stock [Line Items] | ||||||
Stock repurchase program cumulative number of shares repurchased during the period (in shares) | 0 | |||||
2019 Stock Repurchase Plan | ||||||
Class of Stock [Line Items] | ||||||
Cumulative number of shares repurchased (in shares) | 0 | |||||
Repurchase of common stock (in shares) | 259,993 | 813,862 | ||||
Repurchase of common stock | $ 7,669 | $ 24,809 | ||||
Common Stock | ||||||
Class of Stock [Line Items] | ||||||
Repurchase of common stock (in shares) | 271,299 | 93,755 | 829,969 | 119,914 | ||
Repurchase of common stock | $ 4,833 | $ 1,672 | $ 14,795 | $ 2,138 | ||
Common Stock | Minimum | ||||||
Class of Stock [Line Items] | ||||||
Company's common stock in lieu of cash to exercise options to purchase shares (in shares) | 0 | 4,668 | ||||
Market value of shares repurchased under equity compensation plans | $ 346 | $ 494 | ||||
Common Stock | Maximum | ||||||
Class of Stock [Line Items] | ||||||
Company's common stock in lieu of cash to exercise options to purchase shares (in shares) | 93,755 | 119,914 | ||||
Market value of shares repurchased under equity compensation plans | $ 3,659 | $ 4,695 |
Stock Options and Other Equit_3
Stock Options and Other Equity-Based Incentive Instruments - Additional Information (Detail) - USD ($) | 6 Months Ended | ||
Jun. 30, 2020 | Dec. 31, 2019 | Apr. 16, 2019 | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Weighted-average remaining contractual term (in years) | 1 year 9 months 25 days | ||
Number of units released | 0 | ||
Number of units increased | 124,848 | ||
Restricted Stock Units (RSUs) | Service Condition Vesting RSUs | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Number of units outstanding expected to vest (in shares) | 104,794 | 68,597 | |
Pre-tax compensation costs | $ 3,211,517 | ||
Number of units released | 29,089 | ||
Restricted Stock Units (RSUs) | Market Plus Service Condition Vesting RSUs | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Number of units outstanding expected to vest (in shares) | 83,232 | 51,312 | |
Weighted-average remaining contractual term (in years) | 2 years 3 months 29 days | ||
Pre-tax compensation costs | $ 1,686,594 | ||
Number of units released | 20,265 | ||
2019 Plan | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Aggregate number of shares of TriCo's common stock issued (in shares) | 1,500,000 |
Stock Options and Other Equit_4
Stock Options and Other Equity-Based Incentive Instruments - Stock Option Activity (Detail) | 6 Months Ended | |
Jun. 30, 2020$ / sharesshares | Dec. 31, 2019$ / shares | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ||
Options outstanding at December 31, 2019 (in shares) | shares | 160,500 | |
Options granted (in shares) | shares | 0 | |
Options exercised (in shares) | shares | (16,000) | |
Options forfeited (in shares) | shares | 0 | |
Options outstanding at June 30, 2020 (in shares) | shares | 144,500 | |
Share based compensation arrangements by share based payment award options outstanding option price per share of options granted (in USD per share) | $ 0 | |
Share based compensation arrangements by share based payment award options outstanding option price per share of options forfeited (in USD per share) | 0 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract] | ||
Weighted Average Exercise Price at December 31, 2019 (in USD per share) | 17.60 | |
Weighted Average Exercise Price of Options Granted (in USD per share) | 0 | |
Weighted Average Exercise Price of Options Exercised (in USD per share) | 18.02 | |
Weighted Average Exercise Price of Options Forfeited (in USD per share) | 0 | |
Weighted Average Exercise Price at June 30, 2020 (in USD per share) | 17.55 | |
Minimum | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ||
Share based compensation arrangements by share based payment award options outstanding option price per share (in USD per share) | 14.54 | $ 14.54 |
Share based compensation arrangements by share based payment award options outstanding option price per share of options exercised (in USD per share) | 17.54 | |
Maximum | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ||
Share based compensation arrangements by share based payment award options outstanding option price per share (in USD per share) | 23.21 | $ 23.21 |
Share based compensation arrangements by share based payment award options outstanding option price per share of options exercised (in USD per share) | $ 19.46 |
Stock Options and Other Equit_5
Stock Options and Other Equity-Based Incentive Instruments - Summary of Options Outstanding (Detail) - USD ($) $ / shares in Units, $ in Thousands | 6 Months Ended | |
Jun. 30, 2020 | Dec. 31, 2019 | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | ||
Number of options (in shares) | 144,500 | 160,500 |
Weighted average exercise price (in USD per share) | $ 17.55 | $ 17.60 |
Intrinsic value (in thousands) | $ 1,864 | |
Weighted average remaining contractual term (in years) | 2 years 4 months 24 days | |
Currently Exercisable | ||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | ||
Number of options (in shares) | 144,500 | |
Weighted average exercise price (in USD per share) | $ 17.55 | |
Intrinsic value (in thousands) | $ 1,864 | |
Weighted average remaining contractual term (in years) | 2 years 4 months 24 days | |
Currently Not Exercisable | ||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | ||
Number of options (in shares) | 0 | |
Weighted average exercise price (in USD per share) | $ 0 | |
Intrinsic value (in thousands) | $ 0 | |
Weighted average remaining contractual term (in years) | 0 years |
Stock Options and Other Equit_6
Stock Options and Other Equity-Based Incentive Instruments - Restricted Stock Unit (RSU) Activity (Detail) | 6 Months Ended |
Jun. 30, 2020shares | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |
RSUs released (in shares) | 0 |
Restricted Stock Units (RSUs) | Service Condition Vesting RSUs | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |
Outstanding at December 31, 2019 (in shares) | 68,597 |
RSUs granted (in shares) | 64,036 |
RSUs added through dividend and performance credits (in shares) | 1,344 |
RSUs released (in shares) | (29,089) |
RSUs forfeited/expired (in shares) | (94) |
Outstanding at June 30, 2020 (in shares) | 104,794 |
Restricted Stock Units (RSUs) | Market Plus Service Condition Vesting RSUs | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |
Outstanding at December 31, 2019 (in shares) | 51,312 |
RSUs granted (in shares) | 46,416 |
RSUs added through dividend and performance credits (in shares) | 5,847 |
RSUs released (in shares) | (20,265) |
RSUs forfeited/expired (in shares) | (78) |
Outstanding at June 30, 2020 (in shares) | 83,232 |
Non-interest Income and Expen_3
Non-interest Income and Expense - Components of Non-Interest Income (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Schedule Of Other Noninterest Income And Expense [Line Items] | ||||
Total service charges and fees | $ 8,168 | $ 10,128 | $ 17,294 | $ 19,198 |
Increase in cash value of life insurance | 710 | 746 | 1,430 | 1,521 |
Asset management and commission income | 661 | 739 | 1,577 | 1,381 |
Gain on sale of loans | 1,736 | 575 | 2,627 | 987 |
Lease brokerage income | 127 | 239 | 320 | 459 |
Sale of customer checks | 88 | 135 | 212 | 275 |
Gain on marketable equity securities | 25 | 42 | 72 | 78 |
Other | 142 | 819 | (55) | 1,327 |
Total other non-interest income | 3,489 | 3,295 | 6,183 | 6,028 |
Total non-interest income | 11,657 | 13,423 | 23,477 | 25,226 |
ATM and interchange fees | ||||
Schedule Of Other Noninterest Income And Expense [Line Items] | ||||
Total service charges and fees | 5,165 | 5,404 | 10,276 | 9,985 |
Service charges on deposit accounts | ||||
Schedule Of Other Noninterest Income And Expense [Line Items] | ||||
Total service charges and fees | 3,046 | 4,182 | 7,092 | 8,062 |
Other service fees | ||||
Schedule Of Other Noninterest Income And Expense [Line Items] | ||||
Total service charges and fees | 734 | 619 | 1,492 | 1,390 |
Mortgage banking service fees | ||||
Schedule Of Other Noninterest Income And Expense [Line Items] | ||||
Total service charges and fees | 459 | 475 | 928 | 958 |
Change in value of mortgage servicing rights | ||||
Schedule Of Other Noninterest Income And Expense [Line Items] | ||||
Total service charges and fees | $ (1,236) | $ (552) | $ (2,494) | $ (1,197) |
Non-interest Income and Expen_4
Non-interest Income and Expense - Components of Non Interest Expense (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Other Income and Expenses [Abstract] | ||||
Base salaries, net of deferred loan origination costs | $ 17,277 | $ 17,211 | $ 34,900 | $ 33,968 |
Incentive compensation | 2,395 | 3,706 | 5,496 | 6,273 |
Benefits and other compensation costs | 7,383 | 5,802 | 13,931 | 11,606 |
Total salaries and benefits expense | 27,055 | 26,719 | 54,327 | 51,847 |
Occupancy | 3,398 | 3,738 | 7,273 | 7,512 |
Data processing and software | 3,657 | 3,354 | 7,024 | 6,703 |
Equipment | 1,350 | 1,752 | 2,862 | 3,619 |
Intangible amortization | 1,431 | 1,431 | 2,862 | 2,862 |
Advertising | 531 | 1,533 | 1,196 | 2,864 |
ATM and POS network charges | 1,210 | 1,270 | 2,583 | 2,593 |
Professional fees | 741 | 1,057 | 1,444 | 1,896 |
Telecommunications | 639 | 773 | 1,364 | 1,570 |
Regulatory assessments and insurance | 360 | 490 | 455 | 1,001 |
Postage | 283 | 315 | 573 | 625 |
Operational losses | 184 | 226 | 405 | 451 |
Courier service | 337 | 412 | 668 | 682 |
Gain on sale of foreclosed assets | (16) | (99) | (57) | (198) |
Loss on disposal of fixed assets | 15 | 42 | 15 | 66 |
Other miscellaneous expense | 4,530 | 3,684 | 7,530 | 8,056 |
Total other non-interest expense | 18,650 | 19,978 | 36,197 | 40,302 |
Total non-interest expense | $ 45,705 | $ 46,697 | $ 90,524 | $ 92,149 |
Earnings Per Share - Computatio
Earnings Per Share - Computation of Earnings Per Share (Detail) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Earnings Per Share [Abstract] | ||||
Net income | $ 7,430 | $ 23,061 | $ 23,551 | $ 45,787 |
Average number of common shares outstanding (in shares) | 29,754 | 30,458 | 30,074 | 30,441 |
Effect of dilutive stock options and restricted stock (in shares) | 129 | 185 | 129 | 209 |
Average number of common shares outstanding used to calculate diluted earnings per share (in shares) | 29,883 | 30,643 | 30,203 | 30,650 |
Options excluded from diluted earnings per share because the effect of these options was antidilutive (in shares) | 0 | 0 | 0 | 0 |
Comprehensive Income - Componen
Comprehensive Income - Components of Other Comprehensive Income (Loss) and Related Tax Effects (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Equity [Abstract] | ||||
Unrealized holding gains on available for sale securities before reclassifications | $ 34,959 | $ 9,553 | $ 5,398 | $ 22,263 |
Tax effect | (10,334) | (2,824) | (1,595) | (6,582) |
Unrealized holding gains on available for sale securities, net of tax | 24,625 | 6,729 | 3,803 | 15,681 |
Change in unfunded status of the supplemental retirement plans before reclassifications | 661 | (88) | 1,109 | (177) |
Amounts reclassified out of accumulated other comprehensive income (loss): | ||||
Amortization of prior service cost | (13) | (14) | (27) | (27) |
Amortization of actuarial losses | 478 | 102 | 956 | 204 |
Total amounts reclassified out of accumulated other comprehensive income | 465 | 88 | 929 | 177 |
Change in unfunded status of the supplemental retirement plans after reclassifications | 1,126 | 0 | 2,038 | 0 |
Tax effect | 0 | 0 | 0 | 0 |
Change in unfunded status of the supplemental retirement plans, net of tax | 1,126 | 0 | 2,038 | 0 |
Other comprehensive income | $ 25,751 | $ 6,729 | $ 5,841 | $ 15,681 |
Comprehensive Income - Compon_2
Comprehensive Income - Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Accumulated other comprehensive income (loss), net of tax | $ 619 | $ (5,222) |
Net Unrealized Loss on Available for Sale Securities | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Accumulated other comprehensive loss, before tax | 8,785 | 3,387 |
Accumulated other comprehensive loss, tax effect | (2,597) | (1,001) |
Accumulated other comprehensive income (loss), net of tax | 6,188 | 2,386 |
Unfunded Status of Supplemental Retirement Plans | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Accumulated other comprehensive loss, before tax | (9,593) | (11,193) |
Accumulated other comprehensive loss, tax effect | 2,836 | 3,309 |
Accumulated other comprehensive income (loss), net of tax | (6,757) | (7,884) |
Joint Beneficiary Agreement Liability | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Accumulated other comprehensive loss, before tax | 1,188 | 276 |
Accumulated other comprehensive loss, tax effect | 0 | 0 |
Accumulated other comprehensive income (loss), net of tax | $ 1,188 | $ 276 |
Fair Value Measurement - Additi
Fair Value Measurement - Additional Information (Detail) | 6 Months Ended |
Jun. 30, 2020USD ($)investment_security | |
Fair Value Disclosures [Abstract] | |
Number of investment securities classified as level 3 (in investment securities) | investment_security | 0 |
Carrying value of loans fully charged-off | $ | $ 0 |
Fair Value Measurement - Record
Fair Value Measurement - Recorded Amount of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Fair Value Measurements on Recurring Basis - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | $ 1,011,915 | $ 964,563 |
Marketable equity securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 3,033 | 2,960 |
Obligations of U.S. government agencies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 434,814 | 472,980 |
Obligations of states and political subdivisions | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 109,646 | 109,601 |
Corporate bonds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 2,570 | 2,532 |
Asset backed securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 449,250 | 365,025 |
Loans held for sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 8,352 | 5,265 |
Mortgage servicing rights | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 4,250 | 6,200 |
Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 3,033 | 2,960 |
Level 1 | Marketable equity securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 3,033 | 2,960 |
Level 1 | Obligations of U.S. government agencies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 0 | 0 |
Level 1 | Obligations of states and political subdivisions | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 0 | 0 |
Level 1 | Corporate bonds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 0 | 0 |
Level 1 | Asset backed securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 0 | 0 |
Level 1 | Loans held for sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 0 | 0 |
Level 1 | Mortgage servicing rights | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 0 | 0 |
Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 1,004,632 | 955,403 |
Level 2 | Marketable equity securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 0 | 0 |
Level 2 | Obligations of U.S. government agencies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 434,814 | 472,980 |
Level 2 | Obligations of states and political subdivisions | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 109,646 | 109,601 |
Level 2 | Corporate bonds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 2,570 | 2,532 |
Level 2 | Asset backed securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 449,250 | 365,025 |
Level 2 | Loans held for sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 8,352 | 5,265 |
Level 2 | Mortgage servicing rights | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 0 | 0 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 4,250 | 6,200 |
Level 3 | Marketable equity securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 0 | 0 |
Level 3 | Obligations of U.S. government agencies | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 0 | 0 |
Level 3 | Obligations of states and political subdivisions | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 0 | 0 |
Level 3 | Corporate bonds | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 0 | 0 |
Level 3 | Asset backed securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 0 | 0 |
Level 3 | Loans held for sale | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 0 | 0 |
Level 3 | Mortgage servicing rights | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | $ 4,250 | $ 6,200 |
Fair Value Measurement - Reconc
Fair Value Measurement - Reconciliation of Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3) on Recurring Basis (Detail) - Mortgage servicing rights - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Beginning Balance | $ 5,168 | $ 6,572 | $ 6,200 | $ 7,098 |
Transfers into (out of) Level 3 | 0 | 0 | 0 | 0 |
Change Included in Earnings | (1,236) | (552) | (2,494) | (1,197) |
Issuances | 318 | 209 | 544 | 328 |
Ending Balance | $ 4,250 | $ 6,229 | $ 4,250 | $ 6,229 |
Fair Value Measurement - Quanti
Fair Value Measurement - Quantitative Information about Recurring Level 3 Fair Value Measurements (Detail) - Mortgage servicing rights $ in Thousands | Jun. 30, 2020USD ($) | Dec. 31, 2019USD ($) |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Mortgages servicing rights, fair value | $ 4,250 | $ 6,200 |
Minimum | Valuation Technique, Discounted Cash Flow | Measurement Input, Constant Prepayment Rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Measurement input | 0.09 | 0.06 |
Minimum | Valuation Technique, Discounted Cash Flow | Measurement Input, Discount Rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Measurement input | 0.10 | 0.10 |
Maximum | Valuation Technique, Discounted Cash Flow | Measurement Input, Constant Prepayment Rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Measurement input | 0.28 | 0.420 |
Maximum | Valuation Technique, Discounted Cash Flow | Measurement Input, Discount Rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Measurement input | 0.14 | 0.14 |
Weighted Average | Valuation Technique, Discounted Cash Flow | Measurement Input, Constant Prepayment Rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Measurement input | 0.25 | 0.110 |
Weighted Average | Valuation Technique, Discounted Cash Flow | Measurement Input, Discount Rate | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Measurement input | 0.12 | 0.12 |
Fair Value Measurement - Assets
Fair Value Measurement - Assets and Liabilities Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | |
Foreclosed assets (Residential real estate) | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | $ 417 | ||
Individually evaluated loans | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | $ 162 | 1,055 | |
Fair Value Nonrecurring Basis | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | $ 1,618 | 1,472 | |
Total Gains/(Losses) | (871) | (679) | |
Fair Value Nonrecurring Basis | Foreclosed assets (Residential real estate) | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 417 | ||
Total Gains/(Losses) | (27) | ||
Fair Value Nonrecurring Basis | Individually evaluated loans | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 162 | 1,164 | 1,055 |
Total Gains/(Losses) | (16) | (808) | (652) |
Fair Value Nonrecurring Basis | Foreclosed Assets | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 454 | ||
Total Gains/(Losses) | (63) | ||
Fair Value Nonrecurring Basis | Level 1 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 0 | 0 | |
Fair Value Nonrecurring Basis | Level 1 | Foreclosed assets (Residential real estate) | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 0 | ||
Fair Value Nonrecurring Basis | Level 1 | Individually evaluated loans | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 0 | 0 | 0 |
Fair Value Nonrecurring Basis | Level 1 | Foreclosed Assets | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 0 | ||
Fair Value Nonrecurring Basis | Level 2 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 0 | 0 | |
Fair Value Nonrecurring Basis | Level 2 | Foreclosed assets (Residential real estate) | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 0 | ||
Fair Value Nonrecurring Basis | Level 2 | Individually evaluated loans | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 0 | 0 | 0 |
Fair Value Nonrecurring Basis | Level 2 | Foreclosed Assets | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 0 | ||
Fair Value Nonrecurring Basis | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 1,618 | 1,472 | |
Fair Value Nonrecurring Basis | Level 3 | Foreclosed assets (Residential real estate) | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 417 | ||
Fair Value Nonrecurring Basis | Level 3 | Individually evaluated loans | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | $ 162 | 1,164 | $ 1,055 |
Fair Value Nonrecurring Basis | Level 3 | Foreclosed Assets | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | $ 454 |
Fair Value Measurement - Quan_2
Fair Value Measurement - Quantitative Information about (Level 3) Fair Value Measurements for Financial Instruments Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Foreclosed assets (Residential real estate) | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Fair Value | $ 417 | |
Individually evaluated loans | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Fair Value | $ 162 | $ 1,055 |
Fair Value Measurement - Estima
Fair Value Measurement - Estimated Fair Values of Financial Instruments that are Reported at Amortized Cost in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Financial assets: | ||
Cash and due from banks | $ 78,666 | $ 92,816 |
Cash at Federal Reserve and other banks | 627,186 | 183,691 |
Amortized cost, held to maturity | 337,165 | 375,606 |
Financial liabilities: | ||
Other borrowings | 38,544 | 18,454 |
Junior subordinated debt | 57,422 | 57,232 |
Level 3 | Overdraft Privilege Commitments | ||
Off-balance sheet: | ||
Contract amount, Off-balance sheet | 110,468 | 110,402 |
Level 3 | Standby letters of credit | ||
Off-balance sheet: | ||
Contract amount, Off-balance sheet | 11,034 | 12,014 |
Level 3 | Commitments | ||
Off-balance sheet: | ||
Contract amount, Off-balance sheet | 1,366,576 | 1,309,326 |
Carrying Amount | Level 1 | ||
Financial assets: | ||
Cash and due from banks | 78,666 | 92,816 |
Cash at Federal Reserve and other banks | 627,186 | 183,691 |
Carrying Amount | Level 2 | ||
Financial assets: | ||
Amortized cost, held to maturity | 337,165 | 375,606 |
Restricted equity securities | 17,250 | 17,250 |
Financial liabilities: | ||
Deposits | 6,248,258 | 5,366,994 |
Other borrowings | 38,544 | 18,454 |
Carrying Amount | Level 3 | ||
Financial assets: | ||
Loans, net | 4,721,666 | 4,276,750 |
Financial liabilities: | ||
Junior subordinated debt | 57,422 | 57,232 |
Fair Value | Level 1 | ||
Financial assets: | ||
Cash and due from banks | 78,666 | 92,816 |
Cash at Federal Reserve and other banks | 627,186 | 183,691 |
Fair Value | Level 2 | ||
Financial assets: | ||
Amortized cost, held to maturity | 354,179 | 381,525 |
Financial liabilities: | ||
Deposits | 6,250,757 | 5,365,921 |
Other borrowings | 38,544 | 18,454 |
Fair Value | Level 3 | ||
Financial assets: | ||
Loans, net | 4,716,869 | 4,263,064 |
Financial liabilities: | ||
Junior subordinated debt | 56,388 | 56,297 |
Fair Value | Level 3 | Overdraft Privilege Commitments | ||
Off-balance sheet: | ||
Fair value, Off-balance sheet | 1,105 | 1,104 |
Fair Value | Level 3 | Standby letters of credit | ||
Off-balance sheet: | ||
Fair value, Off-balance sheet | 110 | 120 |
Fair Value | Level 3 | Commitments | ||
Off-balance sheet: | ||
Fair value, Off-balance sheet | $ 13,666 | $ 13,093 |
Regulatory Matters - Actual and
Regulatory Matters - Actual and Required Capital Ratios of Bank (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Parent | ||
Schedule of Capitalization [Line Items] | ||
Total Capital (to Risk Weighted Assets) | $ 760,120 | $ 753,200 |
Tier 1 Capital (to Risk Weighted Assets) | 697,043 | 719,809 |
Common Equity Tier 1 Capital (to Risk Weighted Assets) | 641,346 | 664,296 |
Tier 1 Capital (to Average Assets) | $ 697,043 | $ 719,809 |
Total Capital Ratio (to Risk Weighted Assets) | 15.13% | 15.07% |
Tier 1 Capital Ratio (to Risk Weighted Assets) | 13.87% | 14.40% |
Common Equity Tier 1 Capital Ratio (to Risk Weighted Assets) | 12.76% | 13.29% |
Tier 1 Capital Ratio (to Average Assets) | 10.28% | 11.55% |
Parent | Basel III Fully Phased In | ||
Schedule of Capitalization [Line Items] | ||
Total Capital (to Risk Weighted Assets), Minimum Capital Requirement | $ 527,598 | $ 524,944 |
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement | 427,103 | 424,955 |
Common Equity Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement | 351,732 | 349,963 |
Tier 1 Capital (to Average Assets), Minimum Capital Requirement | $ 271,269 | $ 249,343 |
Total Capital Ratio (to Risk Weighted Assets), Minimum Capital Requirement | 10.50% | 10.50% |
Tier 1 Capital Ratio (to Risk Weighted Assets), Minimum Capital Requirement | 8.50% | 8.50% |
Common Equity Tier 1 Capital Ratio (to Risk Weighted Assets), Minimum Capital Requirement | 7.00% | 7.00% |
Tier 1 Capital Ratio (to Average Assets), Minimum Capital Requirement | 4.00% | 4.00% |
Tri Countries Bank | ||
Schedule of Capitalization [Line Items] | ||
Total Capital (to Risk Weighted Assets) | $ 755,481 | $ 748,660 |
Tier 1 Capital (to Risk Weighted Assets) | 692,448 | 715,269 |
Common Equity Tier 1 Capital (to Risk Weighted Assets) | 692,448 | 715,269 |
Tier 1 Capital (to Average Assets) | $ 692,448 | $ 715,269 |
Total Capital Ratio (to Risk Weighted Assets) | 15.04% | 14.98% |
Tier 1 Capital Ratio (to Risk Weighted Assets) | 13.79% | 14.31% |
Common Equity Tier 1 Capital Ratio (to Risk Weighted Assets) | 13.79% | 14.31% |
Tier 1 Capital Ratio (to Average Assets) | 10.21% | 11.47% |
Total Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions | $ 502,294 | $ 499,770 |
Capital Required to be Well Capitalized to Risk Weighted Assets | 10.00% | 10.00% |
Tier 1 Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions | $ 401,835 | $ 399,816 |
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 8.00% | 8.00% |
Common Equity Tier 1 Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions | $ 326,491 | $ 324,851 |
Common Equity Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 6.50% | 6.50% |
Tier 1 Capital (to Average Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions | $ 339,079 | $ 311,672 |
Tier One Leverage Capital Required to be Well Capitalized to Average Assets | 5.00% | 5.00% |
Tri Countries Bank | Basel III Fully Phased In | ||
Schedule of Capitalization [Line Items] | ||
Total Capital (to Risk Weighted Assets), Minimum Capital Requirement | $ 527,409 | $ 524,759 |
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement | 426,950 | 424,805 |
Common Equity Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement | 351,606 | 349,839 |
Tier 1 Capital (to Average Assets), Minimum Capital Requirement | $ 271,263 | $ 249,337 |
Total Capital Ratio (to Risk Weighted Assets), Minimum Capital Requirement | 10.50% | 10.50% |
Tier 1 Capital Ratio (to Risk Weighted Assets), Minimum Capital Requirement | 8.50% | 8.50% |
Common Equity Tier 1 Capital Ratio (to Risk Weighted Assets), Minimum Capital Requirement | 7.00% | 7.00% |
Tier 1 Capital Ratio (to Average Assets), Minimum Capital Requirement | 4.00% | 4.00% |
Uncategorized Items - tcbk-2020
Label | Element | Value |
AOCI Attributable to Parent [Member] | ||
Stockholders' Equity Attributable to Parent | us-gaap_StockholdersEquity | $ (5,222,000) |
Common Stock [Member] | ||
Stockholders' Equity Attributable to Parent | us-gaap_StockholdersEquity | $ 543,998,000 |
Common Stock, Shares, Outstanding | us-gaap_CommonStockSharesOutstanding | 30,523,824 |
Retained Earnings [Member] | ||
Stockholders' Equity Attributable to Parent | us-gaap_StockholdersEquity | $ 354,811,000 |
Adjustments for New Accounting Pronouncement [Member] | ||
Cumulative Effect of New Accounting Principle in Period of Adoption | us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption | (12,983,000) |
Adjustments for New Accounting Pronouncement [Member] | Retained Earnings [Member] | ||
Cumulative Effect of New Accounting Principle in Period of Adoption | us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption | $ (12,983,000) |