Document and Entity Information
Document and Entity Information - USD ($) | 3 Months Ended | ||
Mar. 31, 2019 | May 07, 2019 | Jun. 30, 2018 | |
Document and Entity Information [Abstract] | |||
Entity Registrant Name | FIRST MID BANCSHARES, INC. | ||
Entity Central Index Key | 0000700565 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Accelerated Filer | ||
Entity Current Reporting Status | Yes | ||
Entity Public Float | $ 513,588,874 | ||
Document Fiscal Year Focus | 2019 | ||
Document Fiscal Period Focus | Q1 | ||
Document Type | 10-Q | ||
Amendment Flag | false | ||
Entity Common Stock, Shares Outstanding | 16,677,128 | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
Document Period End Date | Mar. 31, 2019 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Deposits: | ||
Non-interest bearing | $ 628,944 | $ 575,784 |
Interest bearing | 2,417,269 | 2,412,902 |
Total deposits | 3,046,213 | 2,988,686 |
Cash and due from banks: | ||
Non-interest bearing | 62,767 | 63,593 |
Interest bearing | 169,285 | 77,142 |
Federal funds sold | 496 | 665 |
Cash and cash equivalents | 232,548 | 141,400 |
Certificates of deposit investments | 7,320 | 7,569 |
Investment securities: | ||
Available-for-sale, at fair value | 695,618 | 692,274 |
Held-to-maturity, at amortized cost (estimated fair value of $68,743 and $67,909 at March 31, 2019 and December 31, 2018, respectively) | 69,462 | 69,436 |
Loans held for sale | 1,233 | 1,508 |
Loans | 2,595,761 | 2,643,011 |
Less allowance for loan losses | (26,704) | (26,189) |
Net loans | 2,569,057 | 2,616,822 |
Interest receivable | 16,073 | 16,881 |
Other real estate owned | 3,796 | 2,534 |
Premises and equipment, net | 59,237 | 59,117 |
Goodwill, net | 104,997 | 105,277 |
Intangible assets, net | 32,464 | 33,820 |
Bank Owned Life Insurance | 65,914 | 65,484 |
Operating lease right-of-use assets | 13,531 | 0 |
Other assets | 24,369 | 27,612 |
Total assets | 3,895,619 | 3,839,734 |
Liabilities and Stockholders' Equity | ||
Securities sold under agreements to repurchase | 157,760 | 192,330 |
Interest payable | 2,166 | 1,758 |
Federal Home Loan Bank Advances Short and Long Term | 119,745 | |
Advances from Federal Home Loan Banks | 119,791 | |
Other borrowings | 6,257 | 7,724 |
Junior subordinated debentures | 29,042 | 29,000 |
Operating lease liabilities | 13,533 | 0 |
Other liabilities | 23,705 | 24,627 |
Total liabilities | 3,398,467 | 3,363,870 |
Stockholders' Equity | ||
Common stock, $4 par value; authorized 30,000,000 shares; issued 17,251,505 and 17,219,012 shares in 2019 and 2018, respectively | 71,006 | 70,876 |
Additional paid-in capital | 294,837 | 293,937 |
Retained earnings | 144,708 | 131,392 |
Deferred compensation | 2,074 | 2,761 |
Accumulated other comprehensive income (loss) | 1,155 | (6,473) |
Less treasury stock at cost, 574,377 shares in 2019 and 2018 | (16,628) | (16,629) |
Total stockholders’ equity | 497,152 | 475,864 |
Total liabilities and stockholders’ equity | $ 3,895,619 | $ 3,839,734 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Investment securities: | ||
Held-to-maturity, at fair value | $ 68,743 | $ 67,909 |
Stockholders Equity | ||
Common stock, par value (in dollars per share) | $ 4 | $ 4 |
Common stock, authorized (in shares) | 30,000,000 | 30,000,000 |
Common stock, issued (in shares) | 17,251,505 | 17,219,012 |
Treasury stock (in shares) | 574,377 | 574,377 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Interest income: | ||
Interest and fees on loans | $ 32,104 | $ 21,007 |
Interest on investment securities | 5,209 | 4,081 |
Interest on certificates of deposit investments | 38 | 9 |
Interest on federal funds sold | 3 | 1 |
Interest on deposits with other financial institutions | 697 | 60 |
Total interest income | 38,051 | 25,158 |
Interest expense: | ||
Interest on deposits | 4,378 | 1,262 |
Interest on securities sold under agreements to repurchase | 260 | 59 |
Interest on FHLB borrowings | 723 | 275 |
Interest on other borrowings | 0 | 108 |
Interest on subordinated debentures | 438 | 259 |
Total interest expense | 5,799 | 1,963 |
Net interest income | 32,252 | 23,195 |
Provision for loan losses | 947 | 1,055 |
Net interest income after provision for loan losses | 31,305 | 22,140 |
Other income: | ||
Revenue From Contract With Customer, Wealth Management | 3,645 | 1,742 |
Insurance commissions | 5,555 | 1,487 |
Revenue From Contract With Customer, Deposit Service Charges | 1,802 | 1,635 |
Securities gains, net | 54 | 20 |
Revenue From Contract With Customer, Mortgage Banking | 239 | 161 |
Revenue From Contract With Customer, ATM & Debit Card | 2,016 | 1,604 |
Bank Owned Life Insurance Income | 430 | 276 |
Other | 898 | 562 |
Total other income | 14,639 | 7,487 |
Other expense: | ||
Salaries and employee benefits | 16,574 | 10,194 |
Net occupancy and equipment expense | 4,455 | 3,273 |
Net Other Real Estate Owned (Income) Expense | 53 | 76 |
FDIC insurance | 279 | 281 |
Amortization of intangible assets | 1,356 | 505 |
Stationery and supplies | 287 | 211 |
Legal and professional | 1,194 | 1,137 |
Marketing and donations | 454 | 354 |
Other | 3,658 | 2,343 |
Total other expense | 28,310 | 18,374 |
Income before income taxes | 17,634 | 11,253 |
Income taxes | 4,318 | 2,863 |
Net income | $ 13,316 | $ 8,390 |
Per share data: | ||
Basic earnings per common share | $ 0.80 | $ 0.66 |
Diluted net income per common share available to common stockholders | $ 0.80 | $ 0.66 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Statement of Comprehensive Income [Abstract] | ||
Net income | $ 13,316 | $ 8,390 |
Other Comprehensive Income [Abstract] | ||
Unrealized gains (losses) on available-for-sale securities, net of taxes of $(3,123) and $2,540 for three months ended March 31, 2019 and 2018, respectively. | 7,645 | (6,221) |
Amortized holding losses on held-to-maturity securities transferred from available-for-sale, net of taxes of $(8) for three months ended March 31, 2019 and 2018. | 21 | 20 |
Less: reclassification adjustment for realized gains included in net income, net of taxes of $16 and $6 for three months ended March 31, 2019 and 2018, respectively. | (38) | (14) |
Other comprehensive income (loss), net of taxes | 7,628 | (6,215) |
Comprehensive income | $ 20,944 | $ 2,175 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Other Comprehensive Income [Abstract] | ||
Unrealized gains on available-for-sale securities, taxes | $ (3,123) | $ 2,540 |
Unamortized holding losses on held to maturity securities transferred from available for sale, taxes | (8) | (8) |
Other Comprehensive Income Loss Reclassification Adjustment For Sale Or Writedown Of Securities Included In Net Income Tax | $ 16 | $ 6 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Changes in Stockholders' Equity Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Deferred Compensation, Share-based Payments [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Treasury Stock, Common [Member] |
Stockholders' Equity Attributable to Parent | $ 307,964 | $ 54,925 | $ 163,603 | $ 104,683 | $ 3,540 | $ (2,304) | $ (16,483) |
Net income | 8,390 | 0 | 0 | 8,390 | 0 | 0 | 0 |
Other Comprehensive Income (Loss), Net of Tax | (6,215) | 0 | 0 | 0 | 0 | (6,215) | 0 |
Stock Issued During Period, Value, Deferred Compensation Plan | 150 | 15 | 135 | 0 | 0 | 0 | 0 |
Stock Issued During Period, Value, Restricted Stock Award, Gross | 516 | 53 | 463 | 0 | 0 | 0 | 0 |
Deferred Compensation Arrangement with Individual, Compensation Expense | 0 | 0 | 0 | 0 | (316) | 0 | (316) |
Adjustments to Additional Paid in Capital, Income Tax Benefit from Deferred Compensation | 217 | 0 | 217 | 0 | 0 | 0 | 0 |
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options | (515) | 0 | 594 | 0 | (1,109) | 0 | 0 |
Adjustments to Deferred Compensation Equity, Share-based Compensation, Restricted Stock Unit or Restricted Stock Award, Requisite Service Period Recognition | 80 | 0 | 0 | 0 | 80 | 0 | 0 |
Stockholders' Equity Attributable to Parent | 310,587 | 54,993 | 165,012 | 113,073 | 2,195 | (8,519) | (16,167) |
Stockholders' Equity Attributable to Parent | 475,864 | 70,876 | 293,937 | 131,392 | 2,761 | (6,473) | (16,629) |
Net income | 13,316 | 0 | 0 | 13,316 | 0 | 0 | 0 |
Other Comprehensive Income (Loss), Net of Tax | 7,628 | 0 | 0 | 0 | 0 | 7,628 | 0 |
Stock Issued During Period, Value, Deferred Compensation Plan | 194 | 23 | 171 | 0 | 0 | 0 | 0 |
Stock Issued During Period, Value, Restricted Stock Award, Gross | 864 | 104 | 760 | 0 | 0 | 0 | 0 |
Stock Issued During Period, Value, Employee Stock Purchase Plan | 24 | 3 | 21 | 0 | 0 | 0 | 0 |
Deferred Compensation Arrangement with Individual, Compensation Expense | 0 | 0 | 0 | 0 | (1) | 0 | (1) |
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options | (866) | 0 | (52) | 0 | (814) | 0 | 0 |
Adjustments to Deferred Compensation Equity, Share-based Compensation, Restricted Stock Unit or Restricted Stock Award, Requisite Service Period Recognition | 128 | 0 | 0 | 0 | 128 | 0 | 0 |
Stockholders' Equity Attributable to Parent | $ 497,152 | $ 71,006 | $ 294,837 | $ 144,708 | $ 2,074 | $ 1,155 | $ (16,628) |
Condensed Consolidated Statem_5
Condensed Consolidated Statements of Changes in Stockholders' Equity Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Statement of Changes in Stockholders' Equity [Abstract] | ||
Dividends on common stock (in dollars per share) | $ 0 | |
Deferred Compensation Arrangement with Individual, Shares Issued | 5,761 | 4,000 |
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 25,950 | 25,950 |
Stock Issued During Period, Shares, Employee Stock Purchase Plans | 782 | 0 |
Condensed Consolidated Statem_6
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Cash flows from operating activities: | ||
Net income | $ 13,316 | $ 8,390 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for loan losses | 947 | 1,055 |
Depreciation, amortization and accretion, net | 2,430 | 1,731 |
Life Insurance, Corporate or Bank Owned, Change in Value | (430) | (276) |
Stock-based compensation expense | 128 | 80 |
Operating Lease, Payments | (664) | 0 |
Gains on investment securities, net | (54) | (20) |
(Gain) loss on sales of repossessed assets, net | (5) | 50 |
Loss on write down of premises and equipment | 0 | 1 |
Gains on sale of loans held for sale, net | (180) | (174) |
Decrease in accrued interest receivable | 808 | 650 |
Increase in accrued interest payable | 493 | 114 |
Origination of loans held for sale | (12,098) | (11,762) |
Proceeds from sale of loans held for sale | 12,553 | 11,652 |
Decrease (increase) in other assets | 507 | (488) |
Decrease in other liabilities | (333) | (291) |
Net cash provided by operating activities | 17,418 | 10,712 |
Cash flows from investing activities: | ||
Proceeds from maturities of certificates of deposit investments | 249 | 0 |
Proceeds from sales of securities available-for-sale | 12,631 | 6,527 |
Proceeds from maturities of securities available-for-sale | 23,020 | 12,754 |
Purchases of securities available-for-sale | (28,431) | (19,883) |
Net decrease (increase) in loans | 45,188 | (38,223) |
Purchases of premises and equipment | (987) | (234) |
Proceeds from sales of other real property owned | 354 | 792 |
Net cash provided by (used in) investing activities | 52,024 | (38,267) |
Cash flows from financing activities: | ||
Net increase in deposits | 57,527 | 17,252 |
Decrease in repurchase agreements | (34,570) | (22,953) |
Repayments of Long-term Debt | (1,467) | (938) |
Proceeds from issuance of common stock | 216 | 150 |
Net cash provided by (used in) financing activities | 21,706 | (6,489) |
Increase (decrease) in cash and cash equivalents | 91,148 | (34,044) |
Cash and cash equivalents at beginning of period | 141,400 | 88,879 |
Cash and cash equivalents at end of period | 232,548 | 54,835 |
Cash paid during the period for: | ||
Interest | 5,391 | 1,856 |
Income taxes | 2,035 | 2,320 |
Supplemental disclosures of noncash investing and financing activities | ||
Loans Transferred to Other Real Estate Owned | 1,630 | 50 |
Supplemental disclosure of purchase of capital stock | ||
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | 14,116 | 0 |
Initial Recognition Of Operating Lease Liaibility | $ 14,116 | $ 0 |
Basis of Accounting and Consoli
Basis of Accounting and Consolidation | 3 Months Ended |
Mar. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of accounting and consolidation | Basis of Accounting and Consolidation The unaudited condensed consolidated financial statements include the accounts of First Mid Bancshares, Inc. (“Company”) formerly known as First Mid-Illinois Bancshares, Inc., and its wholly-owned subsidiaries: First Mid Bank & Trust, N.A. (“First Mid Bank”), Soy Capital Bank and Trust Company ("Soy Capital Bank") (which merged with and into First Mid Bank on April 6, 2019), First Mid Wealth Management, Mid-Illinois Data Services, Inc. (“MIDS”) and First Mid Insurance Group, Inc. (“First Mid Insurance”). The Company changed its name to First Mid Bancshares, Inc. on April 25, 2019. All significant intercompany balances and transactions have been eliminated in consolidation. The financial information reflects all adjustments which, in the opinion of management, are necessary for a fair presentation of the results of the interim periods ended March 31, 2019 and 2018 , and all such adjustments are of a normal recurring nature. Certain amounts in the prior year’s consolidated financial statements have been reclassified to conform to the March 31, 2019 presentation and there was no impact on net income or stockholders’ equity. The results of the interim period ended March 31, 2019 are not necessarily indicative of the results expected for the year ending December 31, 2019 . The Company operates as a one-segment entity for financial reporting purposes. The 2018 year-end consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. The unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X and do not include all of the information required by U.S. generally accepted accounting principles (“GAAP”) for complete financial statements and related footnote disclosures although the Company believes that the disclosures made are adequate to make the information not misleading. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s 2018 Annual Report on Form 10-K. Website The Company maintains a website at www.firstmid.com . All periodic and current reports of the Company and amendments to these reports filed with the Securities and Exchange Commission (“SEC”) can be accessed, free of charge, through this website as soon as reasonably practicable after these materials are filed with the SEC. Capital Raise On June 13, 2018, the Company and First Mid Bank, entered into an underwriting agreement (the “Underwriting Agreement”) with FIG Partners, LLC, as the representative of the several underwriters named therein (the “Underwriters”), pursuant to which the Company agreed to issue and sell to the Underwriters and the Underwriters agreed to purchase, subject to and upon the terms and conditions of the Underwriting Agreement, an aggregate of 823,799 shares of the Company’s common stock, par value $4.00 per share, at a public offering price of $38.00 per share, in an underwritten public offering (the “Offering”). The Company granted the Underwriters an option for a period of 30 days after the date of the Underwriting Agreement to purchase up to an additional 123,569 shares of common stock at the public offering price, less discounts and commissions. The Underwriters exercised their option in full on June 13, 2018, resulting in 947,368 shares of common stock being offered in the Offering. The Offering closed on June 15, 2018. The net proceeds to the Company, after deducting underwriting discounts and commissions and offering expenses, were approximately $34.0 million . First BancTrust Corporation On December 11, 2017, the Company and Project Hawks Merger Sub LLC (formerly known as Project Hawks Merger Sub Corp.), a newly formed Delaware limited liability company and wholly-owned subsidiary of the Company (“Hawks Merger Sub”), entered into an Agreement and Plan of Merger (as amended as of January 18, 2018, the “First Bank Merger Agreement") with First BancTrust Corporation, a Delaware corporation (“First Bank”), pursuant to which, among other things, the Company agreed to acquire 100% of the issued and outstanding shares of First Bank pursuant to a business combination whereby First Bank merged with and into Hawks Merger Sub, with Hawks Merger Sub as the surviving entity and a wholly-owned subsidiary of the Company (the “First Bank Merger”). Subject to the terms and conditions of the First Bank Merger Agreement, at the effective time of the First Bank Merger, each share of common stock, par value $0.01 per share, of First Bank issued and outstanding immediately prior to the effective time of the First Bank Merger (other than shares held in treasury by First Bank and shares held by stockholders who have properly made and not withdrawn a demand for appraisal rights under Delaware law) converted into and become the right to receive, (a) $5.00 in cash and (b) 0.800 shares of common stock, par value $4.00 per share, of the Company and cash in lieu of fractional shares, less any applicable taxes required to be withheld and subject to certain adjustments, all as set forth in the First Bank Merger Agreement. The First Bank Merger closed on May 1, 2018 and the Company issued an aggregate total of 1,643,900 shares of common stock paying approximately $10,275,000 , including cash in lieu of fractional shares. The accounting for the First Bank Merger is presented in Note 8 to the consolidated financial statements. First Bank’s wholly-owned bank subsidiary, First Bank & Trust, merged with and into the Company’s wholly owned bank subsidiary, First Mid Bank, on August 10, 2018. At the time of the bank merger, First Bank & Trust’s banking offices became branches of First Mid Bank. SCB Bancorp, Inc. On June 12, 2018, The Company and Project Almond Merger Sub LLC, a newly formed Illinois limited liability company and wholly-owned subsidiary of the Company (“Almond Merger Sub”), entered into an Agreement and Plan of Merger (the “SCB Merger Agreement”) with SCB Bancorp, Inc., an Illinois corporation (“SCB”), pursuant to which, among other things, the Company agreed to acquire 100% of the issued and outstanding shares of SCB pursuant to a business combination whereby SCB will merge with and into Almond Merger Sub, whereupon the separate corporate existence of SCB will cease and Merger Sub will continue as the surviving company and a wholly-owned subsidiary of the Company (the “SCB Merger”). Subject to the terms and conditions of the SCB Merger Agreement, at the effective time of the SCB Merger, each share of common stock, par value $7.50 per share, of SCB issued and outstanding immediately prior to the effective time of the SCB Merger were converted into and became the right to receive, at the election of each stockholder, either $307.93 in cash or 8.0228 shares of common stock, par value $4.00 per share, of the Company and cash in lieu of fractional shares, less any applicable taxes required to be withheld. In addition, immediately prior to the closing of the proposed merger, SCB paid special dividend to its shareholders in the aggregate amount of approximately $25 million . The SCB Merger was subject to customary closing conditions, including the approval of the appropriate regulatory authorities and of the stockholders of SCB. The SCB Merger was completed on November 15, 2018 and an aggregate of 1,330,571 shares of common stock were issued, and approximately $19,046,000 was paid, to the stockholders of SCB, including cash in lieu of fractional shares. Soy Capital Bank and Trust Company (“Soy Capital Bank”), merged with and into First Mid Bank on April 6, 2019. At the time of the bank merger, Soy Capital Bank’s banking offices became branches of First Mid Bank. At-The-Market Program On August 16, 2017, the Company entered into a Sales Agency Agreement, pursuant to which the Company may sell, from time to time, up to an aggregate of $20 million of its common stock. Shares of common stock are offered pursuant to the Company's shelf registration statement filed within the SEC. During the three months ended March 31, 2019 , the company sold no shares of common stock under the program. As of March 31, 2019 , approximately $16.53 million of common stock remained available for issuance under the At The Market program. Bank Owned Life Insurance First Mid Bank has purchased life insurance policies on certain senior management. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts that are probable at settlement. Stock Plans At the Annual Meeting of Stockholders held April 26, 2017, the stockholders approved the First Mid-Illinois Bancshares, Inc. 2017 Stock Incentive Plan (“SI Plan”). The SI Plan was implemented to succeed the Company’s 2007 Stock Incentive Plan, which had a ten-year term. The SI Plan is intended to provide a means whereby directors, employees, consultants and advisors of the Company and its subsidiaries may sustain a sense of proprietorship and personal involvement in the continued development and financial success of the Company and its subsidiaries, thereby advancing the interests of the Company and its stockholders. Accordingly, directors and selected employees, consultants and advisors may be provided the opportunity to acquire shares of common stock of the Company on the terms and conditions established in the SI Plan. A maximum of 149,983 shares of common stock may be issued under the SI Plan. There have been no stock options awarded under any Company plan since 2008. The Company has awarded 13,250 shares of restricted stock during 2018 and 15,540 and 28,700 restricted stock units during 2019 and 2018, respectively. Employee Stock Purchase Plan At the Annual Meeting of Stockholders held April 25, 2018, the stockholders approved the First Mid-Illinois Bancshares, Inc. Employee Stock Purchase Plan (“ESPP”). The ESPP is intended to promote the interests of the Company by providing eligible employees with the opportunity to purchase shares of common stock of the Company at a 5% discount through payroll deductions. The ESPP is also intended to qualify as an employee stock purchase plan under Section 423 of the Internal Revenue Code. A maximum of 600,000 shares of common stock may be issued under the ESPP. As of March 31, 2019, 782 shares were issued pursuant to the ESPP. General Litigation The Company is subject to claims and lawsuits that arise primarily in the ordinary course of business. It is the opinion of management that the disposition or ultimate resolution of such claims and lawsuits will not have a material adverse effect on the consolidated financial position, results of operations and cash flows of the Company. Revenue Recognition Accounting Standards Codification 606, Revenue from Contracts with Customers (“ASC 606”), establishes a revenue recognition model for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity's contracts to provide goods or services to customers. Most of the Company’s revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as loans and investment securities, and revenue related to mortgage servicing activities, which are subject to other accounting standards. A description of the revenue-generating activities that are within the scope of ASC 606, and included in other income in the Company’s condensed consolidated statements of income are as follows: Trust revenues. The Company generates fee income from providing fiduciary services through its trust department. Fees are billed in arrears based upon the preceding period account balance. Revenue from the farm management department is recorded when service is complete, for example when crops are sold. Brokerage commissions. The primary brokerage revenue is recorded at the beginning of each quarter through billing to customers based on the account asset size on the last day of the previous quarter. If a withdrawal of funds takes place, a prorated refund may occur; this is reflected within the same quarter as the original billing occurred. All performance obligations are met within the same quarter that the revenue is recorded. Insurance commissions. The Company’s insurance agency subsidiary, First Mid Insurance, receives commissions on premiums of new and renewed business policies. First Mid Insurance records commission revenue on direct bill policies as the cash is received. For agency bill policies, First Mid Insurance retains its commission portion of the customer premium payment and remits the balance to the carrier. In both cases, the entire performance obligation is held by the carriers. Service charges on deposits. The Company generates revenue from fees charged for deposit account maintenance, overdrafts, wire transfers, and check fees. The revenue related to deposit fees is recognized at the time the performance obligation is satisfied. ATM/debit card revenue. The Company generates revenue through service charges on the use of its ATM machines and interchange income from the use of Company issued credit and debit cards. The revenue is recognized at the time the service is used and the performance obligation is satisfied. Other income. Treasury management fees and lock box fees are received and recorded after the service performance obligation is completed. Merchant bank card fees are received from various vendors, however the performance obligation is with the vendors. The Company records gains on the sale of loans and the sale of OREO properties after the transactions are complete and transfer of ownership has occurred. As each of the Company’s facilities is located in markets with similar economies, no disaggregation of revenue is necessary. Leases Effective January 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842). As of March 31, 2019, substantially all of the Company's leases are operating leases for real estate property for bank branches, ATM locations, and office space. For leases in effect at January 1, 2019 and for leases commencing thereafter, the Company recognizes a lease liability and a right-of-use asset, based on the present value of lease payments over the lease term. The discount rate used in determining present value was the Company's incremental borrowing rate which is the FHLB fixed advance rate based on the remaining lease term as of January 1, 2019, or the commencement date for leases subsequently entered into. Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) included in stockholders’ equity as of March 31, 2019 and December 31, 2018 are as follows (in thousands): Unrealized Gain (Loss) on Securities Securities with Other-Than-Temporary Impairment Losses Total March 31, 2019 Net unrealized gains on securities available-for-sale $ 1,764 $ — $ 1,764 Unamortized losses on held-to-maturity securities transferred from available-for-sale (138 ) — (138 ) Securities with other-than-temporary impairment losses — — — Tax expense (471 ) — (471 ) Balance at March 31, 2019 $ 1,155 $ — $ 1,155 December 31, 2018 Net unrealized losses on securities available-for-sale $ (8,951 ) $ — $ (8,951 ) Unamortized losses on held-to-maturity securities transferred from available-for-sale (166 ) — (166 ) Securities with other-than-temporary impairment losses — — — Tax benefit 2,644 — 2,644 Balance at December 31, 2018 $ (6,473 ) $ — $ (6,473 ) Amounts reclassified from accumulated other comprehensive income and the affected line items in the statements of income during the three months ended March 31, 2019 and 2018 , were as follows (in thousands): Amounts Reclassified from Other Comprehensive Income Affected Line Item in the Statements of Income Three months ended March 31, 2019 2018 Realized gains on available-for-sale securities $ 54 $ 20 Securities gains, net (Total reclassified amount before tax) (16 ) (6 ) Income taxes Total reclassifications out of accumulated other comprehensive income $ 38 $ 14 Net reclassified amount See “Note 3 – Investment Securities” for more detailed information regarding unrealized losses on available-for-sale securities. |
Consolidation | The unaudited condensed consolidated financial statements include the accounts of First Mid Bancshares, Inc. (“Company”) formerly known as First Mid-Illinois Bancshares, Inc., and its wholly-owned subsidiaries: First Mid Bank & Trust, N.A. (“First Mid Bank”), Soy Capital Bank and Trust Company ("Soy Capital Bank") (which merged with and into First Mid Bank on April 6, 2019), First Mid Wealth Management, Mid-Illinois Data Services, Inc. (“MIDS”) and First Mid Insurance Group, Inc. (“First Mid Insurance”). The Company changed its name to First Mid Bancshares, Inc. on April 25, 2019. All significant intercompany balances and transactions have been eliminated in consolidation. The financial information reflects all adjustments which, in the opinion of management, are necessary for a fair presentation of the results of the interim periods ended March 31, 2019 and 2018 , and all such adjustments are of a normal recurring nature. Certain amounts in the prior year’s consolidated financial statements have been reclassified to conform to the March 31, 2019 presentation and there was no impact on net income or stockholders’ equity. The results of the interim period ended March 31, 2019 are not necessarily indicative of the results expected for the year ending December 31, 2019 . The Company operates as a one-segment entity for financial reporting purposes. The 2018 year-end consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. The unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X and do not include all of the information required by U.S. generally accepted accounting principles (“GAAP”) for complete financial statements and related footnote disclosures although the Company believes that the disclosures made are adequate to make the information not misleading. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s 2018 Annual Report on Form 10-K. |
Adoption of new accounting guidance | Adoption of New Accounting Guidance Accounting Standards Update 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification ("ASU 2017-09"). In May 2017, FASB issued ASU 2017-09. This update provides guidance on determining which changes to the terms and conditions of share-based payment awards require the application of modification accounting under Topic 718. The guidance is effective for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The amendments should be applied on a prospective basis to an award modified on or after adoption date. ASU 2017-09 did not have a significant impact on the Company's consolidated financial statement. Accounting Standards Update 2017-08, Receivables-Nonrefundable Fees and Other Costs ("ASU 2017-08"). In March 2017, FASB issued ASU 2017-08. This update amends the amortization period for certain purchased callable debt securities held at a premium. The update shortens the premium's amortization period to the earliest call date to more closely align the amortization period of premiums to expectations incorporated in market pricing on the underlying securities. For public companies, the update is effective for annual periods beginning after December 15, 2018, and is to be applied on a modified retrospective basis with a cumulative-effect adjustment directly to retained earnings as of the beginning of the adoption period. Early adoption was permitted, including adoption in an interim period. The Company adopted ASU 2017-08 early and there was not a significant impact on the Company's consolidated financial statements. Accounting Standards Update 2017-04, Intangibles--Goodwill and Other (Topic 350: Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). In January 2017, FASB issued ASU 2017-04. The amendments in this update simplify the measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under this guidance, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value; however, the loss should not exceed the total amount of goodwill allocated to that reporting unit. ASU 2017-04 is effective for public companies for the reporting periods beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. Although the Company cannot anticipate future goodwill impairment, based on the most recent assessment, it is unlikely that an impairment amount would need to be calculated and, therefore, does not anticipate a material impact on the Company's consolidated financial statements. The current accounting policies and procedures of the Company are not anticipated to change, except for the elimination of the Step 2 analysis. Pending New Accounting Guidance Accounting Standards Update 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses of Financial Instruments (“ASU 2016-13”). In June 2016, FASB issued ASU 2016-13. The provisions of ASU 2016-13 requires an entity to utilize a new impairment model known as the current expected credit loss ("CECL") model to estimate its lifetime "expected credit loss" and record an allowance that, when deducted from the amortized cost basis of the financial asset, presents the net amount expected to be collected on the financial asset. The CECL model is expected to result in more timely recognition of credit losses. ASU 2016-13 also requires new disclosures for financial assets measured at amortized cost, loans and available-for-sale debt securities. ASU 2016-13 is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. Entities will apply the standard's provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. Management has formed an internal committee to evaluate implementation steps and assess the impact ASU 2016-13 will have on the Company’s consolidated financial statements. The committee has assigned roles and responsibilities, key tasks to complete, and has established a general timeline for implementation. The Company has also engaged an outside consultant to assist with the methodology review and data validation, as well as other key aspects of implementing the standard. The committee meets periodically to discuss the latest developments and ensure progress is being made. The team also keeps current on evolving interpretations and industry practices related to ASU 2016-13. The committee is currently focusing on data and model validation and expects to begin parallel processing with the existing allowance for loan losses model during the second quarter of 2019. Once the parallel processing is in place, the committee will focus on evaluating the analysis output and refining the model assumptions.The committee is still evaluating the impact ASU 2016-13 will have on the Company's consolidated financial statements. In addition, the committee is contemplating required changes to current accounting policies, developing procedures and related controls, and determining required reporting disclosures. Accounting Standards Update 2018-13, Fair Value Measurements (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). In August 2018, FASB issued ASU 2018-13. This ASU eliminates, adds and modifies certain disclosure requirements for fair value measurements. Among the changes, an entity will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. ASU 2018-13 is effective for interim and annual reporting periods beginning after December 15, 2019; early adoption is permitted. As ASU 2018-13 only revises disclosure requirements, it will not have a material impact on the Company’s consolidated financial statements. |
Earnings Per Share
Earnings Per Share | 3 Months Ended |
Mar. 31, 2019 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | Earnings Per Share Basic net income per common share available to common stockholders is calculated as net income less preferred stock dividends divided by the weighted average number of common shares outstanding. Diluted net income per common share available to common stockholders is computed using the weighted average number of common shares outstanding, increased by the Company’s stock options, unless anti-dilutive. The components of basic and diluted net income per common share available to common stockholders for the three -month period ended March 31, 2019 and 2018 were as follows: Three months ended March 31, 2019 2018 Basic Net Income per Common Share Available to Common Stockholders: Net income $ 13,316,000 $ 8,390,000 Weighted average common shares outstanding 16,665,999 12,671,017 Basic earnings per common share $ 0.80 $ 0.66 Diluted Net Income per Common Share Available to Common Stockholders: Net income applicable to diluted earnings per share $ 13,316,000 $ 8,390,000 Weighted average common shares outstanding 16,665,999 12,671,017 Dilutive potential common shares: Assumed conversion of stock options — 3,980 Restricted stock awarded 38,780 13,250 Dilutive potential common shares 38,780 17,230 Diluted weighted average common shares outstanding 16,704,779 12,688,247 Diluted earnings per common share $ 0.80 $ 0.66 There were no shares not considered in computing diluted earnings per share for the three -month periods ended March 31, 2019 and 2018 because they were anti-dilutive. |
Investment Securities
Investment Securities | 3 Months Ended |
Mar. 31, 2019 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment Securities | Investment Securities The amortized cost, gross unrealized gains and losses and estimated fair values for available-for-sale and held-to-maturity securities by major security type at March 31, 2019 and December 31, 2018 were as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value March 31, 2019 Available-for-sale: U.S. Treasury securities and obligations of U.S. government corporations & agencies $ 190,845 $ 926 $ (1,044 ) $ 190,727 Obligations of states and political subdivisions 188,572 2,996 (465 ) 191,103 Mortgage-backed securities: GSE residential 312,159 1,399 (2,074 ) 311,484 Other securities 2,278 26 — 2,304 Total available-for-sale $ 693,854 $ 5,347 $ (3,583 ) $ 695,618 Held-to-maturity: U.S. Treasury securities and obligations of U.S. government corporations & agencies $ 69,462 $ 11 $ (730 ) $ 68,743 December 31, 2018 Available-for-sale: U.S. Treasury securities and obligations of U.S. government corporations & agencies $ 201,380 $ 504 $ (3,235 ) $ 198,649 Obligations of states and political subdivisions 193,195 1,224 (1,840 ) 192,579 Mortgage-backed securities: GSE residential 304,372 486 (6,186 ) 298,672 Other securities 2,278 96 — 2,374 Total available-for-sale $ 701,225 $ 2,310 $ (11,261 ) $ 692,274 Held-to-maturity: U.S. Treasury securities and obligations of U.S. government corporations & agencies $ 69,436 $ — $ (1,527 ) $ 67,909 Realized gains and losses resulting from sales of securities were as follows during the three months ended March 31, 2019 and 2018 (in thousands): Three months ended March 31, 2019 2018 Gross gains $ 84 $ 20 Gross losses (30 ) — The following table indicates the expected maturities of investment securities classified as available-for-sale presented at fair value, and held-to-maturity presented at amortized cost, at March 31, 2019 and the weighted average yield for each range of maturities (dollars in thousands): One year or less After 1 through 5 years After 5 through 10 years After ten years Total Available-for-sale: U.S. Treasury securities and obligations of U.S. government corporations and agencies $ 148,125 $ 42,602 $ — $ — $ 190,727 Obligations of state and political subdivisions 26,862 85,494 77,798 949 191,103 Mortgage-backed securities: GSE residential 657 214,585 96,242 — 311,484 Other securities — 2,014 — 290 2,304 Total available-for-sale investments $ 175,644 $ 344,695 $ 174,040 $ 1,239 $ 695,618 Weighted average yield 2.64 % 2.85 % 2.92 % 3.06 % 2.82 % Full tax-equivalent yield 2.79 % 3.12 % 3.43 % 4.07 % 3.12 % Held to Maturity: U.S. Treasury securities and obligations of U.S. government corporations and agencies $ 49,940 $ 19,522 $ — $ — $ 69,462 Weighted average yield 1.83 % 2.06 % — % — % 1.90 % Full tax-equivalent yield 1.83 % 2.06 % — % — % 1.90 % The weighted average yields are calculated on the basis of the amortized cost and effective yields weighted for the scheduled maturity of each security. Tax-equivalent yields have been calculated using a 21% tax rate. With the exception of obligations of the U.S. Treasury and other U.S. government agencies and corporations, there were no investment securities of any single issuer, the book value of which exceeded 10% of stockholders' equity at March 31, 2019 . Investment securities carried at approximately $574 million and $628 million at March 31, 2019 and December 31, 2018 , respectively, were pledged to secure public deposits and repurchase agreements and for other purposes as permitted or required by law. The following table presents the aging of gross unrealized losses and fair value by investment category as of March 31, 2019 and December 31, 2018 (in thousands): Less than 12 months 12 months or more Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses March 31, 2019 Available-for-sale: U.S. Treasury securities and obligations of U.S. government corporations and agencies $ 998 $ — $ 82,772 $ (1,044 ) $ 83,770 $ (1,044 ) Obligations of states and political subdivisions 1,382 (3 ) 30,225 (462 ) 31,607 (465 ) Mortgage-backed securities: GSE residential 1,952 (5 ) 199,536 (2,069 ) 201,488 (2,074 ) Total $ 4,332 $ (8 ) $ 312,533 $ (3,575 ) $ 316,865 $ (3,583 ) Held-to-maturity: U.S. Treasury securities and obligations of U.S. government corporations and agencies $ — $ — $ 63,775 $ (730 ) $ 63,775 $ (730 ) December 31, 2018 Available-for-sale: U.S. Treasury securities and obligations of U.S. government corporations and agencies $ 16,095 $ (148 ) $ 105,549 $ (3,087 ) $ 121,644 $ (3,235 ) Obligations of states and political subdivisions 38,782 (450 ) 42,741 (1,390 ) 81,523 (1,840 ) Mortgage-backed securities: GSE residential 81,435 (1,150 ) 171,321 (5,036 ) 252,756 (6,186 ) Total $ 136,312 $ (1,748 ) $ 319,611 $ (9,513 ) $ 455,923 $ (11,261 ) Held-to-maturity: U.S. Treasury securities and obligations of U.S. government corporations and agencies $ 19,683 $ (147 ) $ 48,226 $ (1,380 ) $ 67,909 $ (1,527 ) U.S. Treasury Securities and Obligations of U.S. Government Corporations and Agencies. At March 31, 2019 there were nineteen available-for sale U.S. Treasury securities and obligations of U.S. government corporations and agencies with a fair value of $82,772,000 and unrealized losses of $1,044,000 in a continuous unrealized loss position for twelve months or more. At December 31, 2018 , there were twenty-three available-for sale U.S. Treasury securities and obligations of U.S. government corporations and agencies with a fair value of $105,549,000 and unrealized losses of $3,087,000 in a continuous unrealized loss position for twelve months or more. At March 31, 2019 there were thirteen held-to-maturity U.S. Treasury securities and obligations of U.S. government corporations and agencies with a fair value of $63,775,000 and unrealized losses of $730,000 in a continuous unrealized loss position for twelve months or more. At December 31, 2018 there were nine held-to-maturity U.S. Treasury securities and obligations of U.S. government corporations and agencies with a fair value of $48,226,000 and unrealized losses of $1,380,000 in a continuous unrealized loss position for twelve months or more. Obligations of states and political subdivisions. At March 31, 2019 there were sixty-one obligations of states and political subdivisions with a fair value of $30,225,000 and unrealized losses of $462,000 in a continuous loss position for twelve months or more. At December 31, 2018 , there were eighty-four obligations of states and political subdivisions with a fair value of $42,741,000 and unrealized losses of $1,390,000 in a continuous unrealized loss position for twelve months or more. Mortgage-backed Securities: GSE Residential. At March 31, 2019 there were seventy-seven mortgage-backed securities with a fair value of $199,536,000 and unrealized losses of $2,069,000 in a continuous unrealized loss position for twelve months or more. At December 31, 2018 , there were sixty-nine mortgage-backed securities with a fair value of $171,321,000 and unrealized losses of $5,036,000 in a continuous unrealized loss position for twelve months or more. Other secu rities. At March 31, 2019 and December 31, 2018 , there were no other securities in a continuous unrealized loss position for twelve months or more. The Company does not believe any other individual unrealized loss as of March 31, 2019 represents other than temporary impairment ("OTTI"). However, given the continued disruption in the financial markets, the Company may be required to recognize OTTI losses in future periods with respect to its available for sale investment securities portfolio. The amount and timing of any additional OTTI will depend on the decline in the underlying cash flows of the securities. Should the impairment of any of these securities become other-than-temporary, the cost basis of the investment will be reduced and the resulting loss recognized in the period the other-than-temporary impairment is identified. Other-than-temporary Impairment. Upon acquisition of a security, the Company determines whether it is within the scope of the accounting guidance for investments in debt and equity securities or whether it must be evaluated for impairment under the accounting guidance for beneficial interests in securitized financial assets. If the Company determines that a given pooled trust preferred security position will be subject to a write-down or loss, the Company records the expected credit loss as a charge to earnings. Credit Losses Recognized on Investments. The following table provides information about the trust preferred security for which only a credit loss was recognized in income and other losses were recorded in other comprehensive income (loss) for the three months ended March 31, 2019 and 2018 (in thousands). Accumulated Credit Losses March 31, 2019 March 31, 2018 Credit losses on trust preferred securities held Beginning of period $ — $ 1,111 Additions related to OTTI losses not previously recognized — — Reductions due to sales / (recoveries) — — Reductions due to change in intent or likelihood of sale — — Additions related to increases in previously recognized OTTI losses — — Reductions due to increases in expected cash flows — — End of period $ — $ 1,111 On May 29, 2018 the Company sold its trust preferred security. This sale resulted in recovery of all of the book value of the security. The net proceeds exceeded the aggregate book value of these securities by approximately $846,000 and this amount was recorded as a security gain during the second quarter of 2018. |
Loans and Allowance for Loan Lo
Loans and Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2019 | |
Receivables [Abstract] | |
Loans and Allowance for Loan Losses | 90 Days & Accruing March 31, 2019 Construction and land development $ 2,115 $ 50 $ 176 $ 2,341 $ 46,838 $ 49,179 $ — Agricultural real estate 671 51 — 722 236,142 236,864 — 1-4 Family residential properties 6,128 809 4,038 10,975 351,642 362,617 — Multifamily residential properties 638 — 1,421 2,059 173,844 175,903 — Commercial real estate 1,214 — 3,061 4,275 901,404 905,679 — Loans secured by real estate 10,766 910 8,696 20,372 1,709,870 1,730,242 — Agricultural loans 124 — 70 194 117,832 118,026 — Commercial and industrial loans 1,013 151 6,284 7,448 543,405 550,853 — Consumer loans 672 317 249 1,238 85,302 86,540 — All other loans — — — — 111,333 111,333 — Total loans $ 12,575 $ 1,378 $ 15,299 $ 29,252 $ 2,567,742 $ 2,596,994 $ — December 31, 2018 Construction and land development $ 460 $ 43 $ — $ 503 $ 50,116 $ 50,619 $ — Agricultural real estate — 804 — 804 230,896 231,700 — 1-4 Family residential properties 3,347 3,051 4,080 10,478 363,040 373,518 — Multifamily residential properties 1,149 — 1,955 3,104 180,947 184,051 — Commercial real estate 1,349 89 4,058 5,496 901,354 906,850 — Loans secured by real estate 6,305 3,987 10,093 20,385 1,726,353 1,746,738 — Agricultural loans 63 — 20 83 135,794 135,877 — Commercial and industrial loans 1,417 10 3,902 5,329 551,682 557,011 — Consumer loans 888 356 299 1,543 89,973 91,516 — All other loans 697 — — 697 112,680 113,377 — Total loans $ 9,370 $ 4,353 $ 14,314 $ 28,037 $ 2,616,482 $ 2,644,519 $ — Impaired Loans Within all loan portfolio segments, loans are considered impaired when, based on current information and events, it is probable the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified due date. Impaired loans, excluding certain troubled debt restructured loans, are placed on nonaccrual status. Impaired loans include nonaccrual loans and loans modified in troubled debt restructurings where concessions have been granted to borrowers experiencing financial difficulties. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. It is the Company’s policy to have any restructured loans which are on nonaccrual status prior to being modified remain on nonaccrual status until, in the opinion of management, the financial position of the borrower indicates there is no longer any reasonable doubt as to the timely collection of interest or principal. If the restructured loan is on accrual status prior to being modified, the loan is reviewed to determine if the modified loan should remain on accrual status The Company’s policy is to discontinue the accrual of interest income on all loans for which principal or interest is ninety days past due. The accrual of interest is discontinued earlier when, in the opinion of management, there is reasonable doubt as to the timely collection of interest or principal. Once interest accruals are discontinued, accrued but uncollected interest is charged against current year income. Subsequent receipts on non-accrual loans are recorded as a reduction of principal, and interest income is recorded only after principal recovery is reasonably assured. Interest on loans determined to be troubled debt restructurings is recognized on an accrual basis in accordance with the restructured terms if the loan is in compliance with the modified terms. Nonaccrual loans are returned to accrual status when, in the opinion of management, the financial position of the borrower indicates there is no longer any reasonable doubt as to the timely collection of interest or principal. The Company requires a period of satisfactory performance of not less than six months before returning a nonaccrual loan to accrual status. The following tables present impaired loans as of March 31, 2019 and December 31, 2018 (in thousands): March 31, 2019 December 31, 2018 Recorded Balance Unpaid Principal Balance Specific Allowance Recorded Balance Unpaid Principal Balance Specific Allowance Loans with a specific allowance: Construction and land development $ 278 $ 278 $ 7 $ 2,559 $ 2,559 $ 14 Agricultural real estate — — — — — — 1-4 Family residential properties 5,580 5,605 240 4,565 4,952 234 Multifamily residential properties 4,145 4,145 — 4,465 4,465 — Commercial real estate 12,731 13,114 969 12,517 12,804 1,553 Loans secured by real estate 22,734 23,142 1,216 24,106 24,780 1,801 Agricultural loans 45 629 24 36 504 — Commercial and industrial loans 5,948 6,297 1,977 8,292 8,723 1,475 Consumer loans 171 171 3 169 171 3 Total loans $ 28,898 $ 30,239 $ 3,220 $ 32,603 $ 34,178 $ 3,279 Loans without a specific allowance: Construction and land development $ 224 $ 224 $ — $ 48 $ 48 $ — Agricultural real estate 310 310 — 309 309 — 1-4 Family residential properties 3,478 3,676 — 3,680 4,769 — Multifamily residential properties 131 131 — 7,597 7,597 — Commercial real estate 1,328 1,052 — 983 1,201 — Loans secured by real estate 5,471 5,393 — 12,617 13,924 — Agricultural loans 701 117 — 631 163 — Commercial and industrial loans 488 892 — 1,660 2,027 — Consumer loans 545 729 — 471 1,006 — All other loans — — — 6 6 — Total loans $ 7,205 $ 7,131 $ — $ 15,385 $ 17,126 $ — Total loans: Construction and land development $ 502 $ 502 $ 7 $ 2,607 $ 2,607 $ 14 Agricultural real estate 310 310 — 309 309 — 1-4 Family residential properties 9,058 9,281 240 8,245 9,721 234 Multifamily residential properties 4,276 4,276 — 12,062 12,062 — Commercial real estate 14,059 14,166 969 13,500 14,005 1,553 Loans secured by real estate 28,205 28,535 1,216 36,723 38,704 1,801 Agricultural loans 746 746 24 667 667 — Commercial and industrial loans 6,436 7,189 1,977 9,952 10,750 1,475 Consumer loans 716 900 3 640 1,177 3 All other loans — — — 6 6 — Total loans $ 36,103 $ 37,370 $ 3,220 $ 47,988 $ 51,304 $ 3,279 The following tables present average recorded investment and interest income recognized on impaired loans for the three -month periods ended March 31, 2019 and 2018 (in thousands): For the three months ended March 31, 2019 March 31, 2018 Average Investment in Impaired Loans Interest Income Recognized Average Investment in Impaired Loans Interest Income Recognized Construction and land development $ 813 $ — $ 46 $ — Agricultural real estate 1,239 — — — 1-4 Family residential properties 8,690 23 3,891 8 Multifamily residential properties 1,718 — 308 — Commercial real estate 10,359 6 5,993 3 Loans secured by real estate 22,819 29 10,238 11 Agricultural loans 664 — 885 — Commercial and industrial loans 6,698 1 7,056 2 Consumer loans 744 — 294 — All other loans — — — — Total loans $ 30,925 $ 30 $ 18,473 $ 13 The amount of interest income recognized by the Company within the periods stated above was due to loans modified in troubled debt restructurings that remained on accrual status. The balance of loans modified in troubled debt restructurings included in the impaired loans at March 31, 2019 stated above that were still accruing was $1,612,000 of 1-4 Family residential properties, $425,000 of commercial real estate, $72,000 of commercial and industrial and $6,000 of consumer. The balance of loans modified in a troubled debt restructurings at March 31, 2018 included in the impaired loans stated above that were still accruing was $730,000 of 1-4 family residential properties, $249,000 commercial and industrial loans, and $20,000" id="sjs-B4">Loans and Allowance for Loan Losses Loans are stated at the principal amount outstanding net of unearned discounts, unearned income and allowance for loan losses. Unearned income includes deferred loan origination fees reduced by loan origination costs and is amortized to interest income over the life of the related loan using methods that approximated the effective interest rate method. Interest on substantially all loans is credited to income based on the principal amount outstanding. A summary of loans at March 31, 2019 and December 31, 2018 follows (in thousands): March 31, December 31, Construction and land development $ 50,234 $ 51,013 Agricultural real estate 237,437 232,409 1-4 Family residential properties 363,569 374,751 Multifamily residential properties 177,949 186,393 Commercial real estate 909,176 911,656 Loans secured by real estate 1,738,365 1,756,222 Agricultural loans 118,125 136,125 Commercial and industrial loans 551,837 559,120 Consumer loans 87,503 92,744 All other loans 111,794 113,925 Total Gross loans 2,607,624 2,658,136 Less: Loans held for sale 1,233 1,508 2,606,391 2,656,628 Less: Net deferred loan fees, premiums and discounts 10,630 13,617 Allowance for loan losses 26,704 26,189 Net loans $ 2,569,057 $ 2,616,822 Net loans decreased $47.8 million as of March 31, 2019 compared to December 31, 2018 . The primary reason for the decrease was due to seasonal paydowns in agriculture operating loans and declines in 1-4 Family residential properties, Multifamily residential properties, and commercial and industrial loans due to higher payoffs of acquired loans. Loans expected to be sold are classified as held for sale in the consolidated financial statements and are recorded at the lower of aggregate cost or market value, taking into consideration future commitments to sell the loans. These loans are primarily for 1-4 family residential properties. Most of the Company’s business activities are with customers located near the Company's branch locations in Illinois and Missouri. At March 31, 2019 , the Company’s loan portfolio included $355.6 million of loans to borrowers whose businesses are directly related to agriculture. Of this amount, $267.1 million was concentrated in other grain farming. Total loans to borrowers whose businesses are directly related to agriculture decreased $12.9 million from $368.5 million at December 31, 2018 due to seasonal paydowns based upon timing of cash flow requirements. Loans concentrated in other grain farming decreased $9.0 million from $276.1 million at December 31, 2018 . While the Company adheres to sound underwriting practices, including collateralization of loans, any extended period of low commodity prices, drought conditions, significantly reduced yields on crops and/or reduced levels of government assistance to the agricultural industry could result in an increase in the level of problem agriculture loans and potentially result in loan losses within the agricultural portfolio. In addition, the Company has $128.0 million of loans to motels and hotels. The performance of these loans is dependent on borrower specific issues as well as the general level of business and personal travel within the region. While the Company adheres to sound underwriting standards, a prolonged period of reduced business or personal travel could result in an increase in nonperforming loans to this business segment and potentially in loan losses. The Company also has $228.3 million of loans to lessors of non-residential buildings, $289.2 million of loans to lessors of residential buildings and dwellings, and $103.0 million of loans to other gambling industries. The structure of the Company’s loan approval process is based on progressively larger lending authorities granted to individual loan officers, loan committees, and ultimately the board of directors. Outstanding balances to one borrower or affiliated borrowers are limited by federal regulation and the vast majority of borrowers are below regulatory thresholds. The Company can occasionally have outstanding balances to one borrower up to but not exceeding the regulatory threshold should underwriting guidelines warrant. The vast majority of the Company’s loans are to businesses located in the geographic market areas served by the Company’s branch bank system. Additionally, a significant portion of the collateral securing the loans in the portfolio is located within the Company’s primary geographic footprint. In general, the Company adheres to loan underwriting standards consistent with industry guidelines for all loan segments. The Company’s lending can be summarized into the following primary areas: Commercial Real Estate Loans. Commercial real estate loans are generally comprised of loans to small business entities to purchase or expand structures in which the business operations are housed, loans to owners of real estate who lease space to non-related commercial entities, loans for construction and land development, loans to hotel operators, and loans to owners of multi-family residential structures, such as apartment buildings. Commercial real estate loans are underwritten based on historical and projected cash flows of the borrower and secondarily on the underlying real estate pledged as collateral on the debt. For the various types of commercial real estate loans, minimum criteria have been established within the Company’s loan policy regarding debt service coverage while maximum limits on loan-to-value and amortization periods have been defined. Maximum loan-to-value ratios range from 65% to 80% depending upon the type of real estate collateral, while the desired minimum debt coverage ratio is 1.20x . Amortization periods for commercial real estate loans are generally limited to twenty years . The Company’s commercial real estate portfolio is well below the thresholds that would designate a concentration in commercial real estate lending, as established by the federal banking regulators. Commercial and Industrial Loans. Commercial and industrial loans are primarily comprised of working capital loans used to purchase inventory and fund accounts receivable that are secured by business assets other than real estate. These loans are generally written for one year or less. Also, equipment financing is provided to businesses with these loans generally limited to 80% of the value of the collateral and amortization periods limited to seven years . Commercial loans are often accompanied by a personal guaranty of the principal owners of a business. Like commercial real estate loans, the underlying cash flow of the business is the primary consideration in the underwriting process. The financial condition of commercial borrowers is monitored at least annually with the type of financial information required determined by the size of the relationship. Measures employed by the Company for businesses with higher risk profiles include the use of government-assisted lending programs through the Small Business Administration and U.S. Department of Agriculture. Agricultural and Agricultural Real Estate Loans. Agricultural loans are generally comprised of seasonal operating lines to cash grain farmers to plant and harvest corn and soybeans and term loans to fund the purchase of equipment. Agricultural real estate loans are primarily comprised of loans for the purchase of farmland. Specific underwriting standards have been established for agricultural-related loans including the establishment of projections for each operating year based on industry developed estimates of farm input costs and expected commodity yields and prices. Operating lines are typically written for one year and secured by the crop. Loan-to-value ratios on loans secured by farmland generally do not exceed 65% and have amortization periods limited to twenty five years . Federal government-assistance lending programs through the Farm Service Agency are used to mitigate the level of credit risk when deemed appropriate. Residential Real Estate Loans. Residential real estate loans generally include loans for the purchase or refinance of residential real estate properties consisting of one-to-four units and home equity loans and lines of credit. The Company sells the vast majority of its long-term fixed rate residential real estate loans to secondary market investors. The Company also releases the servicing of these loans upon sale. The Company retains all residential real estate loans with balloon payment features. Balloon periods are limited to five years . Residential real estate loans are typically underwritten to conform to industry standards including criteria for maximum debt-to-income and loan-to-value ratios as well as minimum credit scores. Loans secured by first liens on residential real estate held in the portfolio typically do not exceed 80% of the value of the collateral and have amortization periods of twenty five years or less. The Company does not originate subprime mortgage loans. Consumer Loans. Consumer loans are primarily comprised of loans to individuals for personal and household purposes such as the purchase of an automobile or other living expenses. Minimum underwriting criteria have been established that consider credit score, debt-to-income ratio, employment history, and collateral coverage. Typically, consumer loans are set up on monthly payments with amortization periods based on the type and age of the collateral. Other Loans. Other loans consist primarily of loans to municipalities to support community projects such as infrastructure improvements or equipment purchases. Underwriting guidelines for these loans are consistent with those established for commercial loans with the additional repayment source of the taxing authority of the municipality. Purchase Credit-Impaired Loans. Loans acquired with evidence of credit deterioration since origination and for which it is probable that all contractually required payments will not be collected are considered to be credit impaired. Evidence of credit quality deterioration as of the purchase date may include information such as past-due and nonaccrual status, borrower credit scores and recent loan to value percentages. Purchase credit-impaired ("PCI") loans are accounted for under ASC 310-30, Receivables--Loans and Debt Securities Acquired with Deteriorated Credit Quality ("ASC 310-30"), and are initially measured at fair value, which includes the estimated future credit losses expected to be incurred over the life of the loan. Accordingly, an allowance for credit losses related to these loans is not carried over and recorded at the acquisition date. The cash flows expected to be collected were estimated using current key assumptions, such as default rates, value of underlying collateral, severity and prepayment speeds. Allowance for Loan Losses The allowance for loan losses represents the Company’s best estimate of the reserve necessary to adequately account for probable losses existing in the current portfolio. The provision for loan losses is the charge against current earnings that is determined by the Company as the amount needed to maintain an adequate allowance for loan losses. In determining the adequacy of the allowance for loan losses, and therefore the provision to be charged to current earnings, the Company relies predominantly on a disciplined credit review and approval process that extends to the full range of the Company’s credit exposure. The review process is directed by the overall lending policy and is intended to identify, at the earliest possible stage, borrowers who might be facing financial difficulty. Factors considered by the Company in evaluating the overall adequacy of the allowance include historical net loan losses, the level and composition of nonaccrual, past due and troubled debt restructurings, trends in volumes and terms of loans, effects of changes in risk selection and underwriting standards or lending practices, lending staff changes, concentrations of credit, industry conditions and the current economic conditions in the region where the Company operates. The Company estimates the appropriate level of allowance for loan losses by separately evaluating large impaired loans and nonimpaired loans. The Company has loans acquired from business combinations with uncollected principal balances. These loans are carried net of a fair value adjustment for credit risk and interest rates and are only included in the allowance calculation to the extent that the reserve requirement exceeds the fair value adjustment. However, as the acquired loans renew, it is necessary to establish an allowance which represents an amount that, in management’s opinion, will be adequate to absorb probable credit losses inherent in such loans. Impaired loans The Company individually evaluates certain loans for impairment. In general, these loans have been internally identified via the Company’s loan grading system as credits requiring management’s attention due to underlying problems in the borrower’s business or collateral concerns. This evaluation considers expected future cash flows, the value of collateral and also other factors that may impact the borrower’s ability to make payments when due. For loans greater than $250,000 , impairment is individually measured each quarter using one of three alternatives: (1) the present value of expected future cash flows discounted at the loan’s effective interest rate; (2) the loan’s observable market price, if available; or (3) the fair value of the collateral less costs to sell for collateral dependent loans and loans for which foreclosure is deemed to be probable. A specific allowance is assigned when expected cash flows or collateral do not justify the carrying amount of the loan. The carrying value of the loan reflects reductions from prior charge-offs. Non-Impaired loans Non-impaired loans comprise the vast majority of the Company’s total loan portfolio and include loans in accrual status and those credits not identified as troubled debt restructurings. A small portion of these loans are considered “criticized” due to the risk rating assigned reflecting elevated credit risk due to characteristics, such as a strained cash flow position, associated with the individual borrowers. Criticized loans are those assigned risk ratings of Special Mention, Substandard, or Doubtful. Determining the appropriate level of the allowance for loan losses for all non-impaired loans is based on a migration analysis of net losses over a rolling twelve quarter period by loan segment. A weighted average of the net losses is determined by assigning more weight to the most recent quarters in order to recognize current risk factors influencing the various segments of the loan portfolio more prominently than past periods. Environmental factors including changes in economic conditions, changes in credit policies or underwriting standards, and changes in the level of credit risk associated with specific industries and markets are evaluated each quarter to determine if adjustments to the weighted average historical net losses is appropriate given these current influences on the risk profile of each loan segment. Because the economic and business climate in any given industry or market, and its impact on any given borrower, can change rapidly, the risk profile of the loan portfolio is periodically assessed and adjusted when appropriate. Consumer loans are evaluated for adverse classification based primarily on the Uniform Retail Credit Classification and Account Management Policy established by the federal banking regulators. Classification standards are generally based on delinquency status, collateral coverage, bankruptcy and the presence of fraud. Due to weakened economic conditions during prior years, the Company established qualitative factor adjustments for each of the loan segments at levels above the historical net loss averages. Some of the economic factors included the potential for reduced cash flow for commercial operating loans from reduction in sales or increased operating costs, decreased occupancy rates for commercial buildings, reduced levels of home sales for commercial land developments, the uncertainty regarding grain prices and increased operating costs for farmers, and increased levels of unemployment and bankruptcy impacting consumer’s ability to pay. Each of these economic uncertainties was taken into consideration in developing the level of the allowance for loan losses. The Company has not materially changed any aspect of its overall approach in the determination of the allowance for loan losses. However, on an on-going basis the Company continues to refine the methods used in determining management’s best estimate of the allowance for loan losses. The following tables present the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method for the three -months ended March 31, 2019 and 2018 and for the year ended December 31, 2018 (in thousands): Commercial/ Commercial Real Estate Agricultural/ Agricultural Real Estate Residential Real Estate Consumer Unallocated Total Three months ended March 31, 2019 Allowance for loan losses: Balance, beginning of year $ 21,556 $ 2,197 $ 1,504 $ 932 $ — $ 26,189 Provision charged to expense 584 236 (116 ) 243 — 947 Losses charged off (215 ) (30 ) (52 ) (271 ) — (568 ) Recoveries 22 9 5 100 — 136 Balance, end of period $ 21,947 $ 2,412 $ 1,341 $ 1,004 $ — $ 26,704 Ending balance: Individually evaluated for impairment $ 2,257 $ 24 $ 231 $ 3 $ — $ 2,515 Collectively evaluated for impairment $ 18,994 $ 2,388 $ 1,101 $ 1,001 $ — $ 23,484 Acquired with deteriorated credit quality $ 696 $ — $ 9 $ — $ — $ 705 Loans: Individually evaluated for impairment $ 10,303 $ 45 $ 3,763 $ 171 $ — $ 14,282 Collectively evaluated for impairment 1,747,455 354,432 372,261 93,948 $ — 2,568,096 Acquired with deteriorated credit quality 12,799 — 1,817 — $ — 14,616 Ending balance $ 1,770,557 $ 354,477 $ 377,841 $ 94,119 $ — $ 2,596,994 Commercial/ Commercial Real Estate Agricultural/ Agricultural Real Estate Residential Real Estate Consumer Unallocated Total Three months ended March 31, 2018 Allowance for loan losses: Balance, beginning of year $ 16,546 $ 1,742 $ 886 $ 803 $ — $ 19,977 Provision charged to expense 936 (161 ) 177 103 — 1,055 Losses charged off (237 ) — (103 ) (136 ) — (476 ) Recoveries 123 — 1 91 — 215 Balance, end of period $ 17,368 $ 1,581 $ 961 $ 861 $ — $ 20,771 Ending balance: Individually evaluated for impairment $ 486 $ 5 $ 20 $ — $ — $ 511 Collectively evaluated for impairment $ 16,877 $ 1,576 $ 941 $ 861 $ — $ 20,255 Acquired with deteriorated credit quality $ 5 $ — $ — $ — $ — $ 5 Loans: Individually evaluated for impairment $ 11,592 $ 202 $ 1,115 $ 170 $ — $ 13,079 Collectively evaluated for impairment 1,417,379 196,173 311,163 39,650 — 1,964,365 Acquired with deteriorated credit quality 253 — — — — 253 Ending balance $ 1,429,224 $ 196,375 $ 312,278 $ 39,820 $ — $ 1,977,697 Year ended December 31, 2018 Allowance for loan losses: Balance, beginning of year $ 16,546 $ 1,742 $ 886 $ 803 $ — $ 19,977 Provision charged to expense 6,070 548 1,447 602 — 8,667 Losses charged off (1,227 ) (93 ) (886 ) (787 ) — (2,993 ) Recoveries 167 — 57 314 — 538 Balance, end of year $ 21,556 $ 2,197 $ 1,504 $ 932 $ — $ 26,189 Ending balance: Individually evaluated for impairment $ 1,816 $ — $ 225 $ 3 $ — $ 2,044 Collectively evaluated for impairment $ 18,514 $ 2,197 $ 1,270 $ 929 $ — $ 22,910 Acquired with deteriorated credit quality $ 1,226 $ — $ 9 $ — $ — $ 1,235 Loans: Individually evaluated for impairment $ 14,422 $ 32 $ 2,360 $ 166 $ — $ 16,980 Collectively evaluated for impairment 1,756,908 367,175 387,961 99,872 — 2,611,916 Acquired with deteriorated credit quality 13,411 4 2,205 3 — 15,623 Ending balance $ 1,784,741 $ 367,211 $ 392,526 $ 100,041 $ — $ 2,644,519 Consistent with regulatory guidance, charge-offs on all loan segments are taken when specific loans, or portions thereof, are considered uncollectible. The Company’s policy is to promptly charge these loans off in the period the uncollectible loss is reasonably determined. For all loan portfolio segments except 1-4 family residential properties and consumer, the Company promptly charges-off loans, or portions thereof, when available information confirms that specific loans are uncollectible based on information that includes, but is not limited to, (1) the deteriorating financial condition of the borrower, (2) declining collateral values, and/or (3) legal action, including bankruptcy, that impairs the borrower’s ability to adequately meet its obligations. For impaired loans that are considered to be solely collateral dependent, a partial charge-off is recorded when a loss has been confirmed by an updated appraisal or other appropriate valuation of the collateral. The Company charges-off 1-4 family residential and consumer loans, or portions thereof, when the Company reasonably determines the amount of the loss. The Company adheres to timeframes established by applicable regulatory guidance which provides for the charge-down of 1-4 family first and junior lien mortgages to the net realizable value less costs to sell when the loan is 180 days past due, charge-off of unsecured open-end loans when the loan is 180 days past due, and charge down to the net realizable value when other secured loans are 120 days past due. Loans at these respective delinquency thresholds for which the Company can clearly document that the loan is both well-secured and in the process of collection, such that collection will occur regardless of delinquency status, need not be charged off. Credit Quality The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, collateral support, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis is performed on a continuous basis. The Company uses the following definitions for risk ratings which are commensurate with a loan considered “criticized”: Special Mention. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard. Loans classified as substandard are inadequately protected by the current sound-worthiness and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing factors, conditions and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered pass rated loans. The following tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of March 31, 2019 and December 31, 2018 (in thousands): Construction & Land Development Agricultural Real Estate 1-4 Family Residential Properties Multifamily Residential Properties 2019 2018 2019 2018 2019 2018 2019 2018 Pass $ 48,192 $ 49,794 $ 227,602 $ 221,047 $ 341,528 $ 352,583 $ 156,561 $ 163,845 Special Mention 465 471 7,349 7,805 5,550 5,526 7,825 8,144 Substandard 522 354 1,913 2,848 15,539 15,409 11,517 12,062 Doubtful — — — — — — — — Total $ 49,179 $ 50,619 $ 236,864 $ 231,700 $ 362,617 $ 373,518 $ 175,903 $ 184,051 Commercial Real Estate (Nonfarm/Nonresidential) Agricultural Loans Commercial & Industrial Loans Consumer Loans 2019 2018 2019 2018 2019 2018 2019 2018 Pass $ 863,328 $ 861,086 $ 108,301 $ 127,863 $ 536,110 $ 535,186 $ 85,017 $ 90,133 Special Mention 11,974 16,035 6,017 7,581 5,120 9,967 171 177 Substandard 30,377 29,729 3,708 433 9,623 11,858 1,352 1,206 Doubtful — — — — — — — — Total $ 905,679 $ 906,850 $ 118,026 $ 135,877 $ 550,853 $ 557,011 $ 86,540 $ 91,516 All Other Loans Total Loans 2019 2018 2019 2018 Pass $ 108,715 $ 110,352 $ 2,475,354 $ 2,511,889 Special Mention 2,618 3,010 47,089 58,716 Substandard — 15 74,551 73,914 Doubtful — — — — Total $ 111,333 $ 113,377 $ 2,596,994 $ 2,644,519 The following table presents the Company’s loan portfolio aging analysis at March 31, 2019 and December 31, 2018 (in thousands): 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Receivable Total Loans > 90 Days & Accruing March 31, 2019 Construction and land development $ 2,115 $ 50 $ 176 $ 2,341 $ 46,838 $ 49,179 $ — Agricultural real estate 671 51 — 722 236,142 236,864 — 1-4 Family residential properties 6,128 809 4,038 10,975 351,642 362,617 — Multifamily residential properties 638 — 1,421 2,059 173,844 175,903 — Commercial real estate 1,214 — 3,061 4,275 901,404 905,679 — Loans secured by real estate 10,766 910 8,696 20,372 1,709,870 1,730,242 — Agricultural loans 124 — 70 194 117,832 118,026 — Commercial and industrial loans 1,013 151 6,284 7,448 543,405 550,853 — Consumer loans 672 317 249 1,238 85,302 86,540 — All other loans — — — — 111,333 111,333 — Total loans $ 12,575 $ 1,378 $ 15,299 $ 29,252 $ 2,567,742 $ 2,596,994 $ — December 31, 2018 Construction and land development $ 460 $ 43 $ — $ 503 $ 50,116 $ 50,619 $ — Agricultural real estate — 804 — 804 230,896 231,700 — 1-4 Family residential properties 3,347 3,051 4,080 10,478 363,040 373,518 — Multifamily residential properties 1,149 — 1,955 3,104 180,947 184,051 — Commercial real estate 1,349 89 4,058 5,496 901,354 906,850 — Loans secured by real estate 6,305 3,987 10,093 20,385 1,726,353 1,746,738 — Agricultural loans 63 — 20 83 135,794 135,877 — Commercial and industrial loans 1,417 10 3,902 5,329 551,682 557,011 — Consumer loans 888 356 299 1,543 89,973 91,516 — All other loans 697 — — 697 112,680 113,377 — Total loans $ 9,370 $ 4,353 $ 14,314 $ 28,037 $ 2,616,482 $ 2,644,519 $ — Impaired Loans Within all loan portfolio segments, loans are considered impaired when, based on current information and events, it is probable the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified due date. Impaired loans, excluding certain troubled debt restructured loans, are placed on nonaccrual status. Impaired loans include nonaccrual loans and loans modified in troubled debt restructurings where concessions have been granted to borrowers experiencing financial difficulties. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. It is the Company’s policy to have any restructured loans which are on nonaccrual status prior to being modified remain on nonaccrual status until, in the opinion of management, the financial position of the borrower indicates there is no longer any reasonable doubt as to the timely collection of interest or principal. If the restructured loan is on accrual status prior to being modified, the loan is reviewed to determine if the modified loan should remain on accrual status The Company’s policy is to discontinue the accrual of interest income on all loans for which principal or interest is ninety days past due. The accrual of interest is discontinued earlier when, in the opinion of management, there is reasonable doubt as to the timely collection of interest or principal. Once interest accruals are discontinued, accrued but uncollected interest is charged against current year income. Subsequent receipts on non-accrual loans are recorded as a reduction of principal, and interest income is recorded only after principal recovery is reasonably assured. Interest on loans determined to be troubled debt restructurings is recognized on an accrual basis in accordance with the restructured terms if the loan is in compliance with the modified terms. Nonaccrual loans are returned to accrual status when, in the opinion of management, the financial position of the borrower indicates there is no longer any reasonable doubt as to the timely collection of interest or principal. The Company requires a period of satisfactory performance of not less than six months before returning a nonaccrual loan to accrual status. The following tables present impaired loans as of March 31, 2019 and December 31, 2018 (in thousands): March 31, 2019 December 31, 2018 Recorded Balance Unpaid Principal Balance Specific Allowance Recorded Balance Unpaid Principal Balance Specific Allowance Loans with a specific allowance: Construction and land development $ 278 $ 278 $ 7 $ 2,559 $ 2,559 $ 14 Agricultural real estate — — — — — — 1-4 Family residential properties 5,580 5,605 240 4,565 4,952 234 Multifamily residential properties 4,145 4,145 — 4,465 4,465 — Commercial real estate 12,731 13,114 969 12,517 12,804 1,553 Loans secured by real estate 22,734 23,142 1,216 24,106 24,780 1,801 Agricultural loans 45 629 24 36 504 — Commercial and industrial loans 5,948 6,297 1,977 8,292 8,723 1,475 Consumer loans 171 171 3 169 171 3 Total loans $ 28,898 $ 30,239 $ 3,220 $ 32,603 $ 34,178 $ 3,279 Loans without a specific allowance: Construction and land development $ 224 $ 224 $ — $ 48 $ 48 $ — Agricultural real estate 310 310 — 309 309 — 1-4 Family residential properties 3,478 3,676 — 3,680 4,769 — Multifamily residential properties 131 131 — 7,597 7,597 — Commercial real estate 1,328 1,052 — 983 1,201 — Loans secured by real estate 5,471 5,393 — 12,617 13,924 — Agricultural loans 701 117 — 631 163 — Commercial and industrial loans 488 892 — 1,660 2,027 — Consumer loans 545 729 — 471 1,006 — All other loans — — — 6 6 — Total loans $ 7,205 $ 7,131 $ — $ 15,385 $ 17,126 $ — Total loans: Construction and land development $ 502 $ 502 $ 7 $ 2,607 $ 2,607 $ 14 Agricultural real estate 310 310 — 309 309 — 1-4 Family residential properties 9,058 9,281 240 8,245 9,721 234 Multifamily residential properties 4,276 4,276 — 12,062 12,062 — Commercial real estate 14,059 14,166 969 13,500 14,005 1,553 Loans secured by real estate 28,205 28,535 1,216 36,723 38,704 1,801 Agricultural loans 746 746 24 667 667 — Commercial and industrial loans 6,436 7,189 1,977 9,952 10,750 1,475 Consumer loans 716 900 3 640 1,177 3 All other loans — — — 6 6 — Total loans $ 36,103 $ 37,370 $ 3,220 $ 47,988 $ 51,304 $ 3,279 The following tables present average recorded investment and interest income recognized on impaired loans for the three -month periods ended March 31, 2019 and 2018 (in thousands): For the three months ended March 31, 2019 March 31, 2018 Average Investment in Impaired Loans Interest Income Recognized Average Investment in Impaired Loans Interest Income Recognized Construction and land development $ 813 $ — $ 46 $ — Agricultural real estate 1,239 — — — 1-4 Family residential properties 8,690 23 3,891 8 Multifamily residential properties 1,718 — 308 — Commercial real estate 10,359 6 5,993 3 Loans secured by real estate 22,819 29 10,238 11 Agricultural loans 664 — 885 — Commercial and industrial loans 6,698 1 7,056 2 Consumer loans 744 — 294 — All other loans — — — — Total loans $ 30,925 $ 30 $ 18,473 $ 13 The amount of interest income recognized by the Company within the periods stated above was due to loans modified in troubled debt restructurings that remained on accrual status. The balance of loans modified in troubled debt restructurings included in the impaired loans at March 31, 2019 stated above that were still accruing was $1,612,000 of 1-4 Family residential properties, $425,000 of commercial real estate, $72,000 of commercial and industrial and $6,000 of consumer. The balance of loans modified in a troubled debt restructurings at March 31, 2018 included in the impaired loans stated above that were still accruing was $730,000 of 1-4 family residential properties, $249,000 commercial and industrial loans, and $20,000 |
Goodwill and Intangible Assets
Goodwill and Intangible Assets (Notes) | 3 Months Ended |
Mar. 31, 2019 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Intangible Assets Disclosure [Text Block] | Goodwill and Intangible Assets The Company has goodwill from business combinations, intangible assets from branch acquisitions, identifiable intangible assets assigned to core deposit relationships and customer lists of First Mid Insurance. The following table presents gross carrying value and accumulated amortization by major intangible asset class as of March 31, 2019 and December 31, 2018 (in thousands): March 31, 2019 December 31, 2018 Gross Carrying Value Accumulated Amortization Gross Carrying Value Accumulated Amortization Goodwill not subject to amortization (effective 1/1/02) $ 108,757 $ 3,760 $ 109,037 $ 3,760 Intangibles from branch acquisition 3,015 3,015 3,015 3,015 Core deposit intangibles 32,355 14,997 32,355 14,017 Other intangibles 16,029 2,966 16,029 2,648 $ 160,156 $ 24,738 $ 160,436 $ 23,440 Goodwill of $26.5 million was recorded for the acquisition and merger of First Bank during 2018. All of the goodwill was assigned to the banking segment of the Company. The Company expects this goodwill will not be deductible for tax purposes. The following table provides a reconciliation of the purchase price paid for the acquisition of First Bank and the amount of goodwill recorded (in thousands): Purchase price (in excess of net book value) $ 26,946 Purchase accounting adjustments: Fair value of securities $ 320 Fair value of loans, net 3,463 Fair value of OREO 12 Fair value of mortgage servicing rights (1,097 ) Fair value of premises and equipment 689 Fair value of time deposits 1,301 Fair value of FHLB advances (328 ) Fair value of subordinated debentures (1,451 ) Core deposit intangible (5,224 ) Other assets and other liabilities, net 1,860 (455 ) Resulting goodwill from acquisition $ 26,491 Goodwill of $18.6 million was provisionally recorded for the acquisition and merger of SCB during the fourth quarter of 2018. All of the goodwill was assigned to the banking segment of the Company. Goodwill was subsequently adjusted to $18.4 million to reflect proper valuation of financial assets and liabilities. The Company expects this goodwill will not be deductible for tax purposes. The following table provides a reconciliation of the purchase price paid for the acquisition of SCB and the amount of goodwill recorded (in thousands): Purchase price (in excess of net book value) $ 21,677 Purchase accounting adjustments: Fair value of securities $ 41 Fair value of loans, net 3,377 Fair value of OREO 345 Fair value of premises and equipment (953 ) Fair value of time deposits (343 ) Fair value of FHLB advances (29 ) Core deposit intangible (7,269 ) Customer list intangible (12,298 ) Other assets and other liabilities, net 13,808 (3,321 ) Resulting goodwill from acquisition 18,356 As part of the First Bank and SCB acquisitions, the Company acquired mortgage servicing rights valued at $1,558,000 . The following table summarizes the activity pertaining to mortgage servicing rights included in intangible assets as of March 31, 2019 , March 31, 2018 and December 31, 2018 (in thousands): March 31, 2019 March 31, 2018 December 31, 2018 Beginning Balance $ 2,101 $844 $ 844 Mortgage servicing rights acquired during period — — 1,558 Mortgage servicing rights capitalized — — 7 Mortgage servicing rights amortized (58 ) (39 ) (308 ) Ending Balance $ 2,043 $805 $ 2,101 Total amortization expense for the three months ended March 31, 2019 and 2018 was as follows (in thousands): Three months ended March 31, 2019 2018 Core deposit intangibles $ 980 $ 420 Customer list intangibles 318 46 Mortgage servicing rights 58 39 $ 1,356 $ 505 Aggregate amortization expense for the current year and estimated amortization expense for each of the five succeeding years is shown in the table below (in thousands): Aggregate amortization expense: For period 01/01/19-03/31/19 $ 1,356 Estimated amortization expense: For period 04/01/19-12/31/19 3,783 For year ended 12/31/20 4,573 For year ended 12/31/21 3,996 For year ended 12/31/22 3,630 For year ended 12/31/23 3,318 For year ended 12/31/24 3,050 In accordance with the provisions of SFAS No. 142, “ Goodwill and Other Intangible Assets ,” codified within ASC 350, the Company performed testing of goodwill for impairment as of September 30, 2018 and determined that, as of that date, goodwill was not impaired. Management also concluded that the remaining amounts and amortization periods were appropriate for all intangible assets. |
Repurchase Agreements and Other
Repurchase Agreements and Other Borrowings | 3 Months Ended |
Mar. 31, 2019 | |
Repurchase Agreements and Other Borrowings [Abstract] | |
Repurchase Agreements and Other Borrowings [Text Block] | Repurchase Agreements and Other Borrowings Securities sold under agreements to repurchase were $157.8 million at March 31, 2019 , a decrease of $34.6 million from $192.3 million at December 31, 2018 . The decrease during the first three months of 2019 was primarily due to decreases in balances of customers due to changes in cash flow needs for their businesses. All of the transactions have overnight maturities with a weighted average rate of 0.63% . The right of setoff for a repurchase agreement resembles a secured borrowing, whereby the collateral pledged by the Company would be used to settle the fair value of the repurchase agreement should the Company be in default (e.g., declare bankruptcy), the Company could cancel the repurchase agreement (i.e., cease payment of principal and interest), and attempt collection on the amount of collateral value in excess of the repurchase agreement fair value. The collateral is held by a third party financial institution in the counterparty's custodial account. The counterparty has the right to sell or repledge the investment securities. For government entity repurchase agreements, the collateral is held by the Company in a segregated custodial account under a tri-party agreement. The Company is required by the counterparty to maintain adequate collateral levels. In the event the collateral fair value falls below stipulated levels, the Company will pledge additional securities. The Company closely monitors collateral levels to ensure adequate levels are maintained, while mitigating the potential of over-collateralization in the event of counterparty default. Collateral pledged by class for repurchase agreements are as follows (in thousands): March 31, 2019 December 31, 2018 US Treasury securities and obligations of U.S. government corporations & agencies $ 121,926 $ 130,893 Mortgage-backed securities: GSE: residential 35,834 61,437 Total $ 157,760 $ 192,330 FHLB borrowings were $120 million at March 31, 2019 and December 31, 2018 . At March 31, 2019 the advances were as follows: • $4 million advance with a 3-year maturity , at 1.72% , due April 12, 2019 • $15 million advance with a 6-month maturity at 2.68% , due May 13, 2019 • $5 million advance with a 2-year maturity , at 1.56% , due June 28, 2019 • $10 million advance with a 11-month maturity at 2.81% , due August 30, 2019 • $5 million advance with a 15-month maturity , at 2.63% %, due September 27, 2019 • $2 million advance with a 5-year maturity , at 1.89% %, due October 17, 2019 • $10 million advance with a 14-month maturity at 2.88% , due November 29, 2019 • $5 million advance with a 1.5-year maturity , at 2.67% %, due December 27, 2019 • $4 million advance with a 3-year maturity at 2.40% , due January 9, 2020 • $5 million advance with a 2.5-year maturity , at 1.67% , due January 31, 2020 • $5 million advance with a 4-year maturity , at 1.79% , due April 13, 2020 • $10 million advance with a 1.5 year maturity at 2.95% , due May 29, 2020 • $5 million advance with a 2-year maturity , at 2.75% , due June 26, 2020 • $5 million advance with a 3-year maturity , at 1.75% , due July 31, 2020 • $5 million advance with a 6-year maturity , at 2.30% , due August 24, 2020 • $5 million advance with a 3.5-year maturity , at 1.83% , due February 1, 2021 • $5 million advance with a 5-year maturity , at 1.85% , due April 12, 2021 • $5 million advance with a 7-year maturity , at 2.55% , due October 1, 2021 • $5 million advance with a 5-year maturity , at 2.71% , due March 21, 2022 • $5 million advance with a 8-year maturity , at 2.40% , due January 9, 2023 |
Fair Value of Assets and Liabil
Fair Value of Assets and Liabilities | 3 Months Ended |
Mar. 31, 2019 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Assets and Liabilities | Fair Value of Assets and Liabilities Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value: Level 1 Valuations for assets and liabilities traded in active exchange markets, such as the New York Stock Exchange. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2 Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third party pricing services for identical or comparable assets or liabilities which use observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in active markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Following is a description of the inputs and valuation methodologies used for assets measured at fair value on a recurring basis and recognized in the accompanying balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. Available-for-Sale Securities. The fair value of available-for-sale securities is determined by various valuation methodologies. Where quoted market prices are available in an active market, securities are classified within Level 1. If quoted market prices are not available, then fair values are estimated by using quoted prices of securities with similar characteristics or independent asset pricing services and pricing models, the inputs of which are market-based or independent sources of market parameters, including but not limited to, yield curves, interest rates, volatilities, prepayments, defaults, cumulative loss projections and cash flows. Such securities are classified in Level 2 of the valuation hierarchy. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy. Fair value determinations for Level 3 measurements of securities are the responsibility of the Treasury function of the Company. The Company contracts with a pricing specialist to generate fair value estimates on a monthly basis. The Treasury function of the Company challenges the reasonableness of the assumptions used and reviews the methodology to ensure the estimated fair value complies with accounting standards generally accepted in the United States, analyzes the changes in fair value and compares these changes to internally developed expectations and monitors these changes for appropriateness. The following table presents the Company’s assets that are measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall as of March 31, 2019 and December 31, 2018 (in thousands): Fair Value Measurements Using Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) March 31, 2019 Available-for-sale securities: U.S. Treasury securities and obligations of U.S. government corporations and agencies $ 190,727 $ — $ 190,727 $ — Obligations of states and political subdivisions 191,103 — 190,135 968 Mortgage-backed securities 311,484 — 311,484 — Other securities 2,304 96 2,208 — Total available-for-sale securities $ 695,618 $ 96 $ 694,554 $ 968 December 31, 2018 Available-for-sale securities: U.S. Treasury securities and obligations of U.S. government corporations and agencies $ 198,649 $ — $ 198,649 $ — Obligations of states and political subdivisions 192,579 — 191,612 967 Mortgage-backed securities 298,672 — 298,672 — Other securities 2,374 364 2,010 — Total available-for-sale securities $ 692,274 $ 364 $ 690,943 $ 967 The change in fair value of assets measured on a recurring basis using significant unobservable inputs (Level 3) for the three months ended March 31, 2019 and 2018 is summarized as follows (in thousands): Obligations of State and Political Subdivisions Trust Preferred Securities Three months ended Three months ended March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 Beginning balance $ 967 $ — $ — $ 2,548 Transfers into Level 3 — — — — Transfers out of Level 3 — — — — Total gains or losses: Included in net income 1 — — — Included in other comprehensive income (loss) — — — 18 Purchases, issuances, sales and settlements: — Purchases — — — — Issuances — — — — Sales — — — — Settlements — — — (44 ) Ending balance $ 968 $ — $ — $ 2,522 Total gains or losses for the period included in net income attributable to the change in unrealized gains or losses related to assets and liabilities still held at the reporting date $ — $ — $ — $ — Following is a description of the valuation methodologies used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. Impaired Loans (Collateral Dependent). Loans for which it is probable that the Company will not collect all principal and interest due according to contractual terms are measured for impairment. Allowable methods for determining the amount of impairment and estimating fair value include using the fair value of the collateral for collateral dependent loans. If the impaired loan is identified as collateral dependent, then the fair value method of measuring the amount of impairment is utilized. This method requires obtaining a current independent appraisal of the collateral and applying a discount factor to the value. Impaired loans that are collateral dependent are classified within Level 3 of the fair value hierarchy when impairment is determined using the fair value method. Management establishes a specific allowance for impaired loans that have an estimated fair value that is below the carrying value. The total carrying amount of loans for which a change in specific allowance has occurred as of March 31, 2019 was $11,438,000 and a fair value of $8,478,000 resulting in specific loss exposures of $2,960,000 . When there is little prospect of collecting principal or interest, loans, or portions of loans, may be charged-off to the allowance for loan losses. Losses are recognized in the period an obligation becomes uncollectible. The recognition of a loss 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 partial recovery may be affected in the future. Foreclosed Assets Held For Sale. Other real estate owned acquired through loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. The adjustment at the time of foreclosure is recorded through the allowance for loan losses. Due to the subjective nature of establishing the fair value when the asset is acquired, the actual fair value of the other real estate owned or foreclosed asset could differ from the original estimate. If it is determined that fair value declines subsequent to foreclosure, a valuation allowance is recorded through noninterest expense. Operating costs associated with the assets after acquisition are also recorded as noninterest expense. Gains and losses on the disposition of other real estate owned and foreclosed assets are netted and posted to other noninterest expense. The total carrying amount of other real estate owned as of March 31, 2019 was $3,796,000 . Other real estate owned included in the total carrying amount and measured at fair value on a nonrecurring basis during the period amounted to $1,574,000 . The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2019 and December 31, 2018 (in thousands): Fair Value Measurements Using Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) March 31, 2019 Impaired loans (collateral dependent) $ 8,478 $ — $ — $ 8,478 Foreclosed assets held for sale 1,574 — — 1,574 December 31, 2018 Impaired loans (collateral dependent) $ 16,437 $ — $ — $ 16,437 Foreclosed assets held for sale 836 — — 836 Sensitivity of Significant Unobservable Inputs The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements other than goodwill at March 31, 2019 and December 31, 2018 (in thousands). March 31, 2019 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Impaired loans (collateral dependent) $ 8,478 Third party valuations Discount to reflect realizable value 0 % - 40% ( 20% ) Foreclosed assets held for sale 1,574 Third party valuations Discount to reflect realizable value less estimated selling costs 0 % - 40% ( 35% ) December 31, 2018 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Impaired loans (collateral dependent) $ 16,437 Third party valuations Discount to reflect realizable value 0 % - 40% ( 20% ) Foreclosed assets held for sale 836 Third party valuations Discount to reflect realizable value less estimated selling costs 0 % - 40% ( 35% ) (1) Every five years The following tables present estimated fair values of the Company’s financial instruments at March 31, 2019 and December 31, 2018 in accordance with ASC 825 (in thousands): Carrying Amount Fair Value Level 1 Level 2 Level 3 March 31, 2019 Financial Assets Cash and due from banks $ 232,052 $ 232,052 $ 232,052 $ — $ — Federal funds sold 496 496 496 — — Certificates of deposit investments 7,320 7,320 — 7,320 — Available-for-sale securities 695,618 695,618 96 694,554 968 Held-to-maturity securities 69,462 68,743 — 68,743 — Loans held for sale 1,233 1,233 — 1,233 — Loans net of allowance for loan losses 2,569,057 2,520,206 — — 2,520,206 Interest receivable 16,073 16,073 — 16,073 — Right-of-use lease assets 13,531 13,531 — 13,531 — Federal Reserve Bank stock 7,389 7,389 — 7,389 — Federal Home Loan Bank stock 2,995 2,995 — 2,995 — Financial Liabilities Deposits $ 3,046,213 $ 3,051,083 $ — $ 2,385,575 $ 665,508 Securities sold under agreements to repurchase 157,760 157,647 — 157,647 — Interest payable 2,166 2,166 — 2,166 — Federal Home Loan Bank borrowings 119,791 120,079 — 120,079 — Other borrowings 6,257 6,257 — 6,257 — Junior subordinated debentures 29,042 24,302 — 24,302 — Lease liabilities 13,533 13,533 — 13,533 — Carrying Amount Fair Value Level 1 Level 2 Level 3 December 31, 2018 Financial Assets Cash and due from banks $ 140,735 $ 140,735 $ 140,735 $ — $ — Federal funds sold 665 665 665 — — Certificates of deposit investments 7,569 7,569 — 7,569 — Available-for-sale securities 692,274 692,274 364 690,943 967 Held-to-maturity securities 69,436 67,909 — 67,909 — Loans held for sale 1,508 1,508 — 1,508 — Loans net of allowance for loan losses 2,616,822 2,541,037 — — 2,541,037 Interest receivable 16,881 16,881 — 16,881 — Federal Reserve Bank stock 7,390 7,390 — 7,390 — Federal Home Loan Bank stock 3,095 3,095 — 3,095 — Financial Liabilities Deposits $ 2,988,686 $ 2,991,177 $ — $ 2,396,917 $ 594,260 Securities sold under agreements to repurchase 192,330 192,179 — 192,179 — Interest payable 1,758 1,758 — 1,758 — Federal Home Loan Bank borrowings 119,745 119,704 — 119,704 — Other borrowings 7,724 7,724 — 7,724 — Junior subordinated debentures 29,000 24,418 — 24,418 — |
Business Combinations (Notes)
Business Combinations (Notes) | 3 Months Ended |
Mar. 31, 2019 | |
Business Combinations [Abstract] | |
Business Combination Disclosure [Text Block] | ote 8 -- Business Combinations SCB Bancorp, Inc. On June 12, 2018, The Company and Project Almond Merger Sub LLC, a newly formed Illinois limited liability company and wholly-owned subsidiary of the Company (“Almond Merger Sub”), entered into an Agreement and Plan of Merger (the “SCB Merger Agreement”) with SCB Bancorp, Inc., an Illinois corporation (“SCB”), pursuant to which, among other things, the Company agreed to acquire 100% of the issued and outstanding shares of SCB pursuant to a business combination whereby SCB will merge with and into Almond Merger Sub, whereupon the separate corporate existence of SCB will cease and Merger Sub will continue as the surviving company and a wholly-owned subsidiary of the Company (the “SCB Merger”). Subject to the terms and conditions of the SCB Merger Agreement, at the effective time of the SCB Merger, each share of common stock, par value $7.50 per share, of SCB issued and outstanding immediately prior to the effective time of the SCB Merger were converted into and became the right to receive, at the election of each stockholder, either $307.93 in cash or 8.0228 shares of common stock, par value $4.00 per share, of the Company and cash in lieu of fractional shares, less any applicable taxes required to be withheld. In addition, immediately prior to the closing of the proposed merger, SCB paid special dividend to its shareholders in the aggregate amount of approximately $25 million . The SCB Merger was subject to customary closing conditions, including the approval of the appropriate regulatory authorities and of the stockholders of SCB. The SCB Merger was completed on November 15, 2018 and an aggregate of 1,330,571 shares of common stock were issued, and approximately $19,046,000 was paid, to the stockholders of SCB, including cash in lieu of fractional shares. Soy Capital Bank and Trust Company ("Soy Capital Bank") merged with and into First Mid Bank on April 6, 2019. At the time of the bank merger, Soy Capital Bank's banking offices became branches of First Mid Bank. As a result of the acquisition, the Company will have an opportunity to increase its deposit base and reduce transaction costs. The Company also expects to reduce costs through economies of scale. The acquisition was accounted for under the acquisition method of accounting in accordance with ASC 805, “Business Combinations ("ASC 805"),” and accordingly the assets and liabilities were recorded at their estimated fair values as of the date of acquisition. Fair values are subject to refinement for up to one year after the closing date of November 15, 2018 as additional information regarding the closing date fair values become available. The total consideration paid was used to determine the amount of goodwill resulting from the transaction. As the total consideration paid exceeded the net assets acquired, goodwill of $18.4 million was recorded for the acquisition. Goodwill recorded in the transaction, which reflects the synergies and economies of scale expected from combining operations and the enhanced revenue opportunities from the Company’s service capabilities, is not tax deductible, and was all assigned to the banking segment of the Company. Acquired Fair Value Adjustments As Recorded by Assets Cash and due from banks $ 65,112 — $ 65,112 Investment Securities 97,545 (41 ) 97,504 Loans 255,429 (7,868 ) 247,561 Allowance for loan losses (4,491 ) 4,491 — Other real estate owned 783 (345 ) 438 Premises and equipment 10,115 953 11,068 Goodwill 6,745 11,611 18,356 Core deposit intangible — 7,269 7,269 Other Intangibles 1,228 11,070 12,298 Other assets 24,858 (5,835 ) 19,023 Total assets acquired $ 457,324 21,305 $ 478,629 Liabilities Deposits $ 348,314 (343 ) $ 347,971 Securities sold under agreements to repurchase 21,180 — 21,180 FHLB advances 19,000 (29 ) 18,971 Other borrowings 7,724 — 7,724 Junior subordinated debentures — — — Other liabilities 15,477 — 15,477 Total liabilities assumed 411,695 (372 ) 411,323 Net assets acquired $ 45,629 21,677 $ 67,306 Consideration Paid Cash $ 19,046 Common Stock 48,260 Total consideration paid $ 67,306 The Company has recognized approximately $1.2 million , pre-tax, of acquisition costs for the SCB acquisition. Of this amount, $283,000 was recognized during the first quarter of 2019. These costs are included in legal and professional and other expense. Of the $7.9 million fair value adjustment to loans, approximately $7.2 million is being accreted to interest income over the remaining term of the loans. The differences between fair value and acquired value of the assumed time deposits of $(343,000) , and the assumed FHLB advances $(29,000) , are being amortized to interest expense over the remaining life of the liabilities. The core deposit intangible assets, with a fair value of $7.3 million , will be amortized on an accelerated basis over its estimated life of 10 years . In addition, the Company recorded a $4.2 million intangible asset for customer list of Soy Bank's Ag service business line and $8.1 million intangible asset for the customer list for Soy Bank's Insurance business line. These intangibles are being amortized over the estimated life of 12 years and 11 years , respectively. The following unaudited pro forma condensed combined financial information presents the results of operations of the Company, including the effects of the purchase accounting adjustments and acquisition expenses, had the SCB acquisition taken place at the beginning of the period (dollars in thousands): Three months ended March 31, 2018 Net interest income $ 26,552 Provision for loan losses 1,055 Non-interest income 12,704 Non-interest expense 24,218 Income before income taxes 13,983 Income tax expense 3,584 Net income $ 10,399 Earnings per share Basic $ 0.74 Diluted 0.74 Basic weighted average shares outstanding 14,001,588 Diluted weighted average shares outstanding 14,018,818 The unaudited pro forma condensed combined financial statements do not reflect any anticipated cost savings and revenue enhancements. Accordingly, the pro forma results of operations of the Company as of and after the SCB business combination may not be indicative of the results that actually would have occurred if the combination had been in effect during the periods presented or of the results that may be attained in the future. First BancTrust Corporation On December 11, 2017, the Company and Project Hawks Merger Sub LLC (formerly known as Project Hawks Merger Sub Corp.), a newly formed Delaware limited liability company and wholly-owned subsidiary of the Company (“Hawks Merger Sub”), entered into an Agreement and Plan of Merger (as amended as of January 18, 2018, the “First Bank Merger Agreement") with First BancTrust Corporation, a Delaware corporation (“First Bank”), pursuant to which, among other things, the Company agreed to acquire 100% of the issued and outstanding shares of First Bank pursuant to a business combination whereby First Bank will merge with and into Hawks Merger Sub, with Hawks Merger Sub as the surviving entity and a wholly-owned subsidiary of the Company (the “First Bank Merger”). At the effective time of the First Bank Merger, each share of common stock, par value $0.01 per share, of First Bank issued and outstanding immediately prior to the effective time of the First Bank Merger (other than shares held in treasury by First Bank and shares held by stockholders who had properly made and not withdrawn a demand for appraisal rights under Delaware law) converted into and become the right to receive, (a) $5.00 in cash and (b) 0.800 shares of common stock, par value $4.00 per share, of the Company and cash in lieu of fractional shares, less any applicable taxes required to be withheld and subject to certain adjustments, all as set forth in the First Bank Merger Agreement. On May 1, 2018, the Company issued an aggregate total of 1,643,900 shares of common stock valued at $37.32 per share and approximately $10,275,000 , including cash in lieu of fractional shares. First Bank’s wholly-owned bank subsidiary, First Bank & Trust, IL (“First Bank & Trust”), merged with and into First Mid Bank on August 10, 2018. At the time of the bank merger, First Bank & Trust’s banking offices became branches of First Mid Bank. As a result of the acquisition, the Company will have an opportunity to increase its deposit base and reduce transaction costs. The Company also expects to reduce costs through economies of scale. The acquisition was accounted for under the acquisition method of accounting in accordance with ASC 805, “Business Combinations ("ASC 805"),” and accordingly the assets and liabilities were recorded at their estimated fair values as of the date of acquisition. Fair values are subject to refinement for up to one year after the closing date of May 1, 2018 as additional information regarding the closing date fair values become available. The total consideration paid was used to determine the amount of goodwill resulting from the transaction. As the total consideration paid exceeded the net assets acquired, goodwill of $26.5 million was recorded for the acquisition. Goodwill recorded in the transaction, which reflects the synergies and economies of scale expected from combining operations and the enhanced revenue opportunities from the Company’s service capabilities, is not tax deductible, and was all assigned to the banking segment of the Company. The following table summarizes the estimated fair values of assets acquired and liabilities assumed at the date of the First Bank acquisition (in thousands). Acquired Fair Value Adjustments As Recorded by Assets Cash & due from banks $ 20,598 $ — $ 20,598 Investment Securities 59,906 (320 ) 59,586 Loans 371,156 (7,875 ) 363,281 Allowance for loan losses (4,412 ) 4,412 — Other real estate owned 547 (12 ) 535 Premises and equipment 10,126 (689 ) 9,437 Goodwill 543 25,948 26,491 Core deposit intangible — 5,224 5,224 Other assets 16,389 (256 ) 16,133 Total assets acquired $ 474,853 $ 26,432 $ 501,285 Liabilities and Stockholders' Equity Deposits $ 384,323 $ 1,301 $ 385,624 FHLB advances 31,000 (328 ) 30,672 Subordinated debentures 6,186 (1,451 ) 4,735 Other liabilities 8,665 (36 ) 8,629 Total liabilities assumed 430,174 (514 ) 429,660 Net assets acquired $ 44,679 $ 26,946 $ 71,625 Consideration Paid Cash $ 10,275 Common stock 61,350 Total consideration paid $ 71,625 The Company has recognized approximately $5.1 million , pre-tax, of acquisition costs for the First Bank acquisition. Of this amount, $153,000 was recognized during the first quarter of 2019. These costs are included in legal and professional and other expense. Of the $7.9 million fair value adjustment to loans, approximately $3.6 million is being accreted to interest income over the remaining term of the loans. The differences between fair value and acquired value of the assumed time deposits of $1.3 million , of the assumed FHLB advances of $(328,000) and of the assumed subordinated debentures of $(1,451,000) , are being amortized to interest expense over the remaining life of the liabilities. The core deposit intangible asset, with a fair value of $5.2 million , will be amortized on an accelerated basis over its estimated life of 10 years . The following unaudited pro forma condensed combined financial information presents the results of operations of the Company, including the effects of the purchase accounting adjustments and acquisition expenses, had the First Bank acquisition taken place a the beginning of the period (dollars in thousands): Three months ended March 31, 2018 Net interest income $ 28,049 Provision for loan losses 1,205 Non-interest income 8,320 Non-interest expense 21,783 Income before income taxes 13,381 Income tax expense 3,429 Net income $ 9,952 Earnings per share Basic $ 0.70 Diluted 0.69 Basic weighted average shares outstanding 14,314,917 Diluted weighted average shares outstanding 14,332,147 The unaudited pro forma condensed combined financial statements do not reflect any anticipated cost savings and revenue enhancements. Accordingly, the pro forma results of operations of the Company as of and after the First Bank business combination may not be indicative of the results that actually would have occurred if the combination had been in effect during the periods presented or of the results that may be attained in the future. |
Leases Leases
Leases Leases | 3 Months Ended |
Mar. 31, 2019 | |
Leases [Abstract] | |
Leases of Lessee Disclosure [Text Block] | Leases Effective January 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842). As of March 31, 2019, substantially all of the Company's leases are operating leases for real estate property for bank branches, ATM locations, and office space. These leases are generally for periods of 1 to 25 years with various renewal options. The Company elected the optional transition method permitted by Topic 842. Under this method, an entity recognizes and measures leases that exist at the application date and prior comparative periods are not adjusted. In addition, the Company elected the package of practical expedients: 1. An entity need not reassess whether any expired or existing contracts contain leases. 2. An entity need not reassess the lease classification for any expired or existing leases. 3. An entity need not reassess initial direct costs for any existing leases. The Company has also elected the practical expedient, which may be elected separately or in conjunction with the package noted above, to use hindsight in determining the lease term and in assessing the right-of-use assets. This expedient must be applied consistently to all leases. Lastly, the Company has elected to use the practical expedient to include both lease and non-lease components as a single component and account for it as a lease. In addition, The Company has elected to not include short-term leases (i.e.leases with terms of twelve months or less) or equipment leases (primarily copiers) deemed immaterial, on the consolidated balance sheets. For leases in effect at January 1, 2019 and for leases commencing thereafter, the Company recognizes a lease liability and a right-of-use asset, based on the present value of lease payments over the lease term. The discount rate used in determining present value was the Company's incremental borrowing rate which is the FHLB fixed advance rate based on the remaining lease term as of January 1, 2019, or the commencement date for leases subsequently entered into. The following table contains supplemental balance sheet information related to leases (dollars in thousands): March 31, 2019 Operating lease right-of-use assets $ 13,531 Operating lease liabilities 13,533 Weighted-average remaining lease term 5.8 years Weighted-average discount rate 3.20 % Certain of the Company's leases contain options to renew the lease; however, not all renewal options are included in the calculation of lease liabilities as they are not reasonably certain to be exercised. The Company's leases do not contain residual value guarantees or material variable lease payments. The Company does not have any other material restrictions or covenants imposed by leases that would impact the Company's ability to pay dividends or cause the Company to incur additional financial obligations. Maturities of lease liabilities were as follows (in thousands): Year ending December 31, 2019 (excluding the three months ended March 31, 2019) $ 2,001 2020 2,587 2021 2,345 2022 2,056 2023 1,275 Thereafter 5,356 Total lease payments 15,620 Less imputed interest (2,087 ) Total lease liability $ 13,533 The components of lease expense for the three months ended March 31, 2019 and 2018 were as follows (in thousands): Three months ended March 31, 2019 Operating lease cost $ 671 Short-term lease cost 23 Variable lease cost 224 Total lease cost 918 Income from subleases (248 ) Net lease cost $ 670 As the Company elected not to separate lease and non-lease components, the variable lease cost primarily represents variable payment such as common area maintenance and copier expense. The Company does not have any material sub-lease agreements. Cash paid for amounts included in the measurement of lease liabilities was (in thousands): March 31, 2019 Operating cash flows from operating leases $ 664 |
Basis of Accounting and Conso_2
Basis of Accounting and Consolidation (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | The components of accumulated other comprehensive income (loss) included in stockholders’ equity as of March 31, 2019 and December 31, 2018 are as follows (in thousands): Unrealized Gain (Loss) on Securities Securities with Other-Than-Temporary Impairment Losses Total March 31, 2019 Net unrealized gains on securities available-for-sale $ 1,764 $ — $ 1,764 Unamortized losses on held-to-maturity securities transferred from available-for-sale (138 ) — (138 ) Securities with other-than-temporary impairment losses — — — Tax expense (471 ) — (471 ) Balance at March 31, 2019 $ 1,155 $ — $ 1,155 December 31, 2018 Net unrealized losses on securities available-for-sale $ (8,951 ) $ — $ (8,951 ) Unamortized losses on held-to-maturity securities transferred from available-for-sale (166 ) — (166 ) Securities with other-than-temporary impairment losses — — — Tax benefit 2,644 — 2,644 Balance at December 31, 2018 $ (6,473 ) $ — $ (6,473 ) |
Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income [Table Text Block] | Amounts reclassified from accumulated other comprehensive income and the affected line items in the statements of income during the three months ended March 31, 2019 and 2018 , were as follows (in thousands): Amounts Reclassified from Other Comprehensive Income Affected Line Item in the Statements of Income Three months ended March 31, 2019 2018 Realized gains on available-for-sale securities $ 54 $ 20 Securities gains, net (Total reclassified amount before tax) (16 ) (6 ) Income taxes Total reclassifications out of accumulated other comprehensive income $ 38 $ 14 Net reclassified amount |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Earnings Per Share [Abstract] | |
Components of Basic and Diluted Net Income per Common Share | The components of basic and diluted net income per common share available to common stockholders for the three -month period ended March 31, 2019 and 2018 were as follows: Three months ended March 31, 2019 2018 Basic Net Income per Common Share Available to Common Stockholders: Net income $ 13,316,000 $ 8,390,000 Weighted average common shares outstanding 16,665,999 12,671,017 Basic earnings per common share $ 0.80 $ 0.66 Diluted Net Income per Common Share Available to Common Stockholders: Net income applicable to diluted earnings per share $ 13,316,000 $ 8,390,000 Weighted average common shares outstanding 16,665,999 12,671,017 Dilutive potential common shares: Assumed conversion of stock options — 3,980 Restricted stock awarded 38,780 13,250 Dilutive potential common shares 38,780 17,230 Diluted weighted average common shares outstanding 16,704,779 12,688,247 Diluted earnings per common share $ 0.80 $ 0.66 |
Investment Securities (Tables)
Investment Securities (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Investments, Debt and Equity Securities [Abstract] | |
Available For Sale And Held For Maturity Securities [Table Text Block] | The amortized cost, gross unrealized gains and losses and estimated fair values for available-for-sale and held-to-maturity securities by major security type at March 31, 2019 and December 31, 2018 were as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value March 31, 2019 Available-for-sale: U.S. Treasury securities and obligations of U.S. government corporations & agencies $ 190,845 $ 926 $ (1,044 ) $ 190,727 Obligations of states and political subdivisions 188,572 2,996 (465 ) 191,103 Mortgage-backed securities: GSE residential 312,159 1,399 (2,074 ) 311,484 Other securities 2,278 26 — 2,304 Total available-for-sale $ 693,854 $ 5,347 $ (3,583 ) $ 695,618 Held-to-maturity: U.S. Treasury securities and obligations of U.S. government corporations & agencies $ 69,462 $ 11 $ (730 ) $ 68,743 December 31, 2018 Available-for-sale: U.S. Treasury securities and obligations of U.S. government corporations & agencies $ 201,380 $ 504 $ (3,235 ) $ 198,649 Obligations of states and political subdivisions 193,195 1,224 (1,840 ) 192,579 Mortgage-backed securities: GSE residential 304,372 486 (6,186 ) 298,672 Other securities 2,278 96 — 2,374 Total available-for-sale $ 701,225 $ 2,310 $ (11,261 ) $ 692,274 Held-to-maturity: U.S. Treasury securities and obligations of U.S. government corporations & agencies $ 69,436 $ — $ (1,527 ) $ 67,909 |
Realized Gains and Losses From Sale of Securities | Realized gains and losses resulting from sales of securities were as follows during the three months ended March 31, 2019 and 2018 (in thousands): Three months ended March 31, 2019 2018 Gross gains $ 84 $ 20 Gross losses (30 ) — |
Investments Classified by Contractual Maturity Date | The following table indicates the expected maturities of investment securities classified as available-for-sale presented at fair value, and held-to-maturity presented at amortized cost, at March 31, 2019 and the weighted average yield for each range of maturities (dollars in thousands): One year or less After 1 through 5 years After 5 through 10 years After ten years Total Available-for-sale: U.S. Treasury securities and obligations of U.S. government corporations and agencies $ 148,125 $ 42,602 $ — $ — $ 190,727 Obligations of state and political subdivisions 26,862 85,494 77,798 949 191,103 Mortgage-backed securities: GSE residential 657 214,585 96,242 — 311,484 Other securities — 2,014 — 290 2,304 Total available-for-sale investments $ 175,644 $ 344,695 $ 174,040 $ 1,239 $ 695,618 Weighted average yield 2.64 % 2.85 % 2.92 % 3.06 % 2.82 % Full tax-equivalent yield 2.79 % 3.12 % 3.43 % 4.07 % 3.12 % Held to Maturity: U.S. Treasury securities and obligations of U.S. government corporations and agencies $ 49,940 $ 19,522 $ — $ — $ 69,462 Weighted average yield 1.83 % 2.06 % — % — % 1.90 % Full tax-equivalent yield 1.83 % 2.06 % — % — % 1.90 % The weighted average yields are calculated on the basis of the amortized cost and effective yields weighted for the scheduled maturity of each security. Tax-equivalent yields have been calculated using a 21% tax rate. With the exception of obligations of the U.S. Treasury and other U.S. government agencies and corporations, there were no investment securities of any single issuer, the book value of which exceeded 10% of stockholders' equity at March 31, 2019 . |
Fair value of investments with sustained gross unrealized losses | The following table presents the aging of gross unrealized losses and fair value by investment category as of March 31, 2019 and December 31, 2018 (in thousands): Less than 12 months 12 months or more Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses March 31, 2019 Available-for-sale: U.S. Treasury securities and obligations of U.S. government corporations and agencies $ 998 $ — $ 82,772 $ (1,044 ) $ 83,770 $ (1,044 ) Obligations of states and political subdivisions 1,382 (3 ) 30,225 (462 ) 31,607 (465 ) Mortgage-backed securities: GSE residential 1,952 (5 ) 199,536 (2,069 ) 201,488 (2,074 ) Total $ 4,332 $ (8 ) $ 312,533 $ (3,575 ) $ 316,865 $ (3,583 ) Held-to-maturity: U.S. Treasury securities and obligations of U.S. government corporations and agencies $ — $ — $ 63,775 $ (730 ) $ 63,775 $ (730 ) December 31, 2018 Available-for-sale: U.S. Treasury securities and obligations of U.S. government corporations and agencies $ 16,095 $ (148 ) $ 105,549 $ (3,087 ) $ 121,644 $ (3,235 ) Obligations of states and political subdivisions 38,782 (450 ) 42,741 (1,390 ) 81,523 (1,840 ) Mortgage-backed securities: GSE residential 81,435 (1,150 ) 171,321 (5,036 ) 252,756 (6,186 ) Total $ 136,312 $ (1,748 ) $ 319,611 $ (9,513 ) $ 455,923 $ (11,261 ) Held-to-maturity: U.S. Treasury securities and obligations of U.S. government corporations and agencies $ 19,683 $ (147 ) $ 48,226 $ (1,380 ) $ 67,909 $ (1,527 ) |
Credit Losses Recognized on Investments | Credit Losses Recognized on Investments. The following table provides information about the trust preferred security for which only a credit loss was recognized in income and other losses were recorded in other comprehensive income (loss) for the three months ended March 31, 2019 and 2018 (in thousands). Accumulated Credit Losses March 31, 2019 March 31, 2018 Credit losses on trust preferred securities held Beginning of period $ — $ 1,111 Additions related to OTTI losses not previously recognized — — Reductions due to sales / (recoveries) — — Reductions due to change in intent or likelihood of sale — — Additions related to increases in previously recognized OTTI losses — — Reductions due to increases in expected cash flows — — End of period $ — $ 1,111 On May 29, 2018 the Company sold its trust preferred security. This sale resulted in recovery of all of the book value of the security. The net proceeds exceeded the aggregate book value of these securities by approximately $846,000 and this amount was recorded as a security gain during the second quarter of 2018. |
Loans and Allowance for Loan _2
Loans and Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Receivables [Abstract] | |
Summary of Loans | A summary of loans at March 31, 2019 and December 31, 2018 follows (in thousands): March 31, December 31, Construction and land development $ 50,234 $ 51,013 Agricultural real estate 237,437 232,409 1-4 Family residential properties 363,569 374,751 Multifamily residential properties 177,949 186,393 Commercial real estate 909,176 911,656 Loans secured by real estate 1,738,365 1,756,222 Agricultural loans 118,125 136,125 Commercial and industrial loans 551,837 559,120 Consumer loans 87,503 92,744 All other loans 111,794 113,925 Total Gross loans 2,607,624 2,658,136 Less: Loans held for sale 1,233 1,508 2,606,391 2,656,628 Less: Net deferred loan fees, premiums and discounts 10,630 13,617 Allowance for loan losses 26,704 26,189 Net loans $ 2,569,057 $ 2,616,822 |
Allowance for Loan Losses and Recorded Investment in Loans | The following tables present the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method for the three -months ended March 31, 2019 and 2018 and for the year ended December 31, 2018 (in thousands): Commercial/ Commercial Real Estate Agricultural/ Agricultural Real Estate Residential Real Estate Consumer Unallocated Total Three months ended March 31, 2019 Allowance for loan losses: Balance, beginning of year $ 21,556 $ 2,197 $ 1,504 $ 932 $ — $ 26,189 Provision charged to expense 584 236 (116 ) 243 — 947 Losses charged off (215 ) (30 ) (52 ) (271 ) — (568 ) Recoveries 22 9 5 100 — 136 Balance, end of period $ 21,947 $ 2,412 $ 1,341 $ 1,004 $ — $ 26,704 Ending balance: Individually evaluated for impairment $ 2,257 $ 24 $ 231 $ 3 $ — $ 2,515 Collectively evaluated for impairment $ 18,994 $ 2,388 $ 1,101 $ 1,001 $ — $ 23,484 Acquired with deteriorated credit quality $ 696 $ — $ 9 $ — $ — $ 705 Loans: Individually evaluated for impairment $ 10,303 $ 45 $ 3,763 $ 171 $ — $ 14,282 Collectively evaluated for impairment 1,747,455 354,432 372,261 93,948 $ — 2,568,096 Acquired with deteriorated credit quality 12,799 — 1,817 — $ — 14,616 Ending balance $ 1,770,557 $ 354,477 $ 377,841 $ 94,119 $ — $ 2,596,994 Commercial/ Commercial Real Estate Agricultural/ Agricultural Real Estate Residential Real Estate Consumer Unallocated Total Three months ended March 31, 2018 Allowance for loan losses: Balance, beginning of year $ 16,546 $ 1,742 $ 886 $ 803 $ — $ 19,977 Provision charged to expense 936 (161 ) 177 103 — 1,055 Losses charged off (237 ) — (103 ) (136 ) — (476 ) Recoveries 123 — 1 91 — 215 Balance, end of period $ 17,368 $ 1,581 $ 961 $ 861 $ — $ 20,771 Ending balance: Individually evaluated for impairment $ 486 $ 5 $ 20 $ — $ — $ 511 Collectively evaluated for impairment $ 16,877 $ 1,576 $ 941 $ 861 $ — $ 20,255 Acquired with deteriorated credit quality $ 5 $ — $ — $ — $ — $ 5 Loans: Individually evaluated for impairment $ 11,592 $ 202 $ 1,115 $ 170 $ — $ 13,079 Collectively evaluated for impairment 1,417,379 196,173 311,163 39,650 — 1,964,365 Acquired with deteriorated credit quality 253 — — — — 253 Ending balance $ 1,429,224 $ 196,375 $ 312,278 $ 39,820 $ — $ 1,977,697 Year ended December 31, 2018 Allowance for loan losses: Balance, beginning of year $ 16,546 $ 1,742 $ 886 $ 803 $ — $ 19,977 Provision charged to expense 6,070 548 1,447 602 — 8,667 Losses charged off (1,227 ) (93 ) (886 ) (787 ) — (2,993 ) Recoveries 167 — 57 314 — 538 Balance, end of year $ 21,556 $ 2,197 $ 1,504 $ 932 $ — $ 26,189 Ending balance: Individually evaluated for impairment $ 1,816 $ — $ 225 $ 3 $ — $ 2,044 Collectively evaluated for impairment $ 18,514 $ 2,197 $ 1,270 $ 929 $ — $ 22,910 Acquired with deteriorated credit quality $ 1,226 $ — $ 9 $ — $ — $ 1,235 Loans: Individually evaluated for impairment $ 14,422 $ 32 $ 2,360 $ 166 $ — $ 16,980 Collectively evaluated for impairment 1,756,908 367,175 387,961 99,872 — 2,611,916 Acquired with deteriorated credit quality 13,411 4 2,205 3 — 15,623 Ending balance $ 1,784,741 $ 367,211 $ 392,526 $ 100,041 $ — $ 2,644,519 |
Credit Risk Profile of the Company's Loan Portfolio | The following tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of March 31, 2019 and December 31, 2018 (in thousands): Construction & Land Development Agricultural Real Estate 1-4 Family Residential Properties Multifamily Residential Properties 2019 2018 2019 2018 2019 2018 2019 2018 Pass $ 48,192 $ 49,794 $ 227,602 $ 221,047 $ 341,528 $ 352,583 $ 156,561 $ 163,845 Special Mention 465 471 7,349 7,805 5,550 5,526 7,825 8,144 Substandard 522 354 1,913 2,848 15,539 15,409 11,517 12,062 Doubtful — — — — — — — — Total $ 49,179 $ 50,619 $ 236,864 $ 231,700 $ 362,617 $ 373,518 $ 175,903 $ 184,051 Commercial Real Estate (Nonfarm/Nonresidential) Agricultural Loans Commercial & Industrial Loans Consumer Loans 2019 2018 2019 2018 2019 2018 2019 2018 Pass $ 863,328 $ 861,086 $ 108,301 $ 127,863 $ 536,110 $ 535,186 $ 85,017 $ 90,133 Special Mention 11,974 16,035 6,017 7,581 5,120 9,967 171 177 Substandard 30,377 29,729 3,708 433 9,623 11,858 1,352 1,206 Doubtful — — — — — — — — Total $ 905,679 $ 906,850 $ 118,026 $ 135,877 $ 550,853 $ 557,011 $ 86,540 $ 91,516 All Other Loans Total Loans 2019 2018 2019 2018 Pass $ 108,715 $ 110,352 $ 2,475,354 $ 2,511,889 Special Mention 2,618 3,010 47,089 58,716 Substandard — 15 74,551 73,914 Doubtful — — — — Total $ 111,333 $ 113,377 $ 2,596,994 $ 2,644,519 |
Loan Portfolio Aging Analysis | The following table presents the Company’s loan portfolio aging analysis at March 31, 2019 and December 31, 2018 (in thousands): 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Receivable Total Loans > 90 Days & Accruing March 31, 2019 Construction and land development $ 2,115 $ 50 $ 176 $ 2,341 $ 46,838 $ 49,179 $ — Agricultural real estate 671 51 — 722 236,142 236,864 — 1-4 Family residential properties 6,128 809 4,038 10,975 351,642 362,617 — Multifamily residential properties 638 — 1,421 2,059 173,844 175,903 — Commercial real estate 1,214 — 3,061 4,275 901,404 905,679 — Loans secured by real estate 10,766 910 8,696 20,372 1,709,870 1,730,242 — Agricultural loans 124 — 70 194 117,832 118,026 — Commercial and industrial loans 1,013 151 6,284 7,448 543,405 550,853 — Consumer loans 672 317 249 1,238 85,302 86,540 — All other loans — — — — 111,333 111,333 — Total loans $ 12,575 $ 1,378 $ 15,299 $ 29,252 $ 2,567,742 $ 2,596,994 $ — December 31, 2018 Construction and land development $ 460 $ 43 $ — $ 503 $ 50,116 $ 50,619 $ — Agricultural real estate — 804 — 804 230,896 231,700 — 1-4 Family residential properties 3,347 3,051 4,080 10,478 363,040 373,518 — Multifamily residential properties 1,149 — 1,955 3,104 180,947 184,051 — Commercial real estate 1,349 89 4,058 5,496 901,354 906,850 — Loans secured by real estate 6,305 3,987 10,093 20,385 1,726,353 1,746,738 — Agricultural loans 63 — 20 83 135,794 135,877 — Commercial and industrial loans 1,417 10 3,902 5,329 551,682 557,011 — Consumer loans 888 356 299 1,543 89,973 91,516 — All other loans 697 — — 697 112,680 113,377 — Total loans $ 9,370 $ 4,353 $ 14,314 $ 28,037 $ 2,616,482 $ 2,644,519 $ — |
Impaired Loans | The following tables present impaired loans as of March 31, 2019 and December 31, 2018 (in thousands): March 31, 2019 December 31, 2018 Recorded Balance Unpaid Principal Balance Specific Allowance Recorded Balance Unpaid Principal Balance Specific Allowance Loans with a specific allowance: Construction and land development $ 278 $ 278 $ 7 $ 2,559 $ 2,559 $ 14 Agricultural real estate — — — — — — 1-4 Family residential properties 5,580 5,605 240 4,565 4,952 234 Multifamily residential properties 4,145 4,145 — 4,465 4,465 — Commercial real estate 12,731 13,114 969 12,517 12,804 1,553 Loans secured by real estate 22,734 23,142 1,216 24,106 24,780 1,801 Agricultural loans 45 629 24 36 504 — Commercial and industrial loans 5,948 6,297 1,977 8,292 8,723 1,475 Consumer loans 171 171 3 169 171 3 Total loans $ 28,898 $ 30,239 $ 3,220 $ 32,603 $ 34,178 $ 3,279 Loans without a specific allowance: Construction and land development $ 224 $ 224 $ — $ 48 $ 48 $ — Agricultural real estate 310 310 — 309 309 — 1-4 Family residential properties 3,478 3,676 — 3,680 4,769 — Multifamily residential properties 131 131 — 7,597 7,597 — Commercial real estate 1,328 1,052 — 983 1,201 — Loans secured by real estate 5,471 5,393 — 12,617 13,924 — Agricultural loans 701 117 — 631 163 — Commercial and industrial loans 488 892 — 1,660 2,027 — Consumer loans 545 729 — 471 1,006 — All other loans — — — 6 6 — Total loans $ 7,205 $ 7,131 $ — $ 15,385 $ 17,126 $ — Total loans: Construction and land development $ 502 $ 502 $ 7 $ 2,607 $ 2,607 $ 14 Agricultural real estate 310 310 — 309 309 — 1-4 Family residential properties 9,058 9,281 240 8,245 9,721 234 Multifamily residential properties 4,276 4,276 — 12,062 12,062 — Commercial real estate 14,059 14,166 969 13,500 14,005 1,553 Loans secured by real estate 28,205 28,535 1,216 36,723 38,704 1,801 Agricultural loans 746 746 24 667 667 — Commercial and industrial loans 6,436 7,189 1,977 9,952 10,750 1,475 Consumer loans 716 900 3 640 1,177 3 All other loans — — — 6 6 — Total loans $ 36,103 $ 37,370 $ 3,220 $ 47,988 $ 51,304 $ 3,279 |
Impaired loans by portfolio class | The following tables present average recorded investment and interest income recognized on impaired loans for the three -month periods ended March 31, 2019 and 2018 (in thousands): For the three months ended March 31, 2019 March 31, 2018 Average Investment in Impaired Loans Interest Income Recognized Average Investment in Impaired Loans Interest Income Recognized Construction and land development $ 813 $ — $ 46 $ — Agricultural real estate 1,239 — — — 1-4 Family residential properties 8,690 23 3,891 8 Multifamily residential properties 1,718 — 308 — Commercial real estate 10,359 6 5,993 3 Loans secured by real estate 22,819 29 10,238 11 Agricultural loans 664 — 885 — Commercial and industrial loans 6,698 1 7,056 2 Consumer loans 744 — 294 — All other loans — — — — Total loans $ 30,925 $ 30 $ 18,473 $ 13 |
Nonaccrual Loans | The following table presents the Company’s recorded balance of nonaccrual loans as March 31, 2019 and December 31, 2018 (in thousands). This table excludes purchased impaired loans and performing troubled debt restructurings. March 31, December 31, Construction and land development $ 224 $ 377 Agricultural real estate 310 309 1-4 Family residential properties 6,377 5,762 Multifamily residential properties 1,582 2,105 Commercial real estate 7,561 8,457 Loans secured by real estate 16,054 17,010 Agricultural loans 746 667 Commercial and industrial loans 6,363 8,990 Consumer loans 710 625 All other loans — 6 Total loans $ 23,873 $ 27,298 |
Schedule of Acquired Receivables With Credit Deterioration [Table Text Block] | The amount of these loans at March 31, 2019 and December 31, 2018 are as follows (in thousands): March 31, December 31, Construction and land development $ 278 $ 2,558 Agricultural real estate — — 1-4 Family residential properties 1,817 2,206 Multifamily residential properties 3,864 3,891 Commercial real estate 8,657 6,946 Loans secured by real estate 14,616 15,601 Agricultural loans — 4 Commercial and industrial loans — 15 Consumer loans — 3 Carrying amount 14,616 15,623 Allowance for loan losses (705 ) (1,235 ) Carrying amount, net of allowance $ 13,911 $ 14,388 |
Recorded Balance of Troubled Debt Restructurings | The following table presents the Company’s recorded balance of troubled debt restructurings at March 31, 2019 and December 31, 2018 (in thousands). Troubled debt restructurings: March 31, 2019 December 31, 2018 1-4 Family residential properties 2,404 2,472 Commercial real estate 1,887 1,706 Loans secured by real estate 4,291 4,178 Agricultural loans 629 499 Commercial and industrial loans 5,114 5,112 Consumer loans 171 167 Total $ 10,205 $ 9,956 Performing troubled debt restructurings: 1-4 Family residential properties $ 1,612 $ 1,769 Commercial real estate 425 676 Loans secured by real estate 2,037 2,445 Commercial and industrial loans 72 — Consumer loans 6 6 Total $ 2,115 $ 2,451 |
Financing Receivables,Troubled Debt Restructurings during period [Table Text Block] | The following table presents loans modified as TDRs during the three months ended March 31, 2019 and 2018 , as a result of various modified loan factors (in thousands): March 31, 2019 March 31, 2018 Number of Modifications Recorded Investment Type of Modifications Number of Modifications Recorded Investment Type of Modifications 1-4 Family residential properties 1 $ 46 (b)(c) 1 $ 161 (b) Commercial real estate 1 483 (b)(c) — — Loans secured by real estate 2 529 1 161 Commercial and industrial loans 2 72 (b)(c) Consumer Loans 1 14 (b)(c) — — Total 5 $ 615 1 $ 161 |
Goodwill and Intangible Asset_2
Goodwill and Intangible Assets (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Finite-Lived Intangible Assets [Line Items] | |
Schedule of Intangible Assets and Goodwill [Table Text Block] | The following table presents gross carrying value and accumulated amortization by major intangible asset class as of March 31, 2019 and December 31, 2018 (in thousands): March 31, 2019 December 31, 2018 Gross Carrying Value Accumulated Amortization Gross Carrying Value Accumulated Amortization Goodwill not subject to amortization (effective 1/1/02) $ 108,757 $ 3,760 $ 109,037 $ 3,760 Intangibles from branch acquisition 3,015 3,015 3,015 3,015 Core deposit intangibles 32,355 14,997 32,355 14,017 Other intangibles 16,029 2,966 16,029 2,648 $ 160,156 $ 24,738 $ 160,436 $ 23,440 |
Intangible Assets, Mortgage Servicing Rights [Table Text Block] | The following table summarizes the activity pertaining to mortgage servicing rights included in intangible assets as of March 31, 2019 , March 31, 2018 and December 31, 2018 (in thousands): March 31, 2019 March 31, 2018 December 31, 2018 Beginning Balance $ 2,101 $844 $ 844 Mortgage servicing rights acquired during period — — 1,558 Mortgage servicing rights capitalized — — 7 Mortgage servicing rights amortized (58 ) (39 ) (308 ) Ending Balance $ 2,043 $805 $ 2,101 |
Schedule of Intangible Assets Amortization Expense [Table Text Block] | Total amortization expense for the three months ended March 31, 2019 and 2018 was as follows (in thousands): Three months ended March 31, 2019 2018 Core deposit intangibles $ 980 $ 420 Customer list intangibles 318 46 Mortgage servicing rights 58 39 $ 1,356 $ 505 |
Schedule of Expected Amortization Expense [Table Text Block] | Aggregate amortization expense for the current year and estimated amortization expense for each of the five succeeding years is shown in the table below (in thousands): Aggregate amortization expense: For period 01/01/19-03/31/19 $ 1,356 Estimated amortization expense: For period 04/01/19-12/31/19 3,783 For year ended 12/31/20 4,573 For year ended 12/31/21 3,996 For year ended 12/31/22 3,630 For year ended 12/31/23 3,318 For year ended 12/31/24 3,050 |
First BancTrust [Member] | |
Finite-Lived Intangible Assets [Line Items] | |
Reconciliation of purchase price to goodwill recorded [Table Text Block] | The following table provides a reconciliation of the purchase price paid for the acquisition of First Bank and the amount of goodwill recorded (in thousands): Purchase price (in excess of net book value) $ 26,946 Purchase accounting adjustments: Fair value of securities $ 320 Fair value of loans, net 3,463 Fair value of OREO 12 Fair value of mortgage servicing rights (1,097 ) Fair value of premises and equipment 689 Fair value of time deposits 1,301 Fair value of FHLB advances (328 ) Fair value of subordinated debentures (1,451 ) Core deposit intangible (5,224 ) Other assets and other liabilities, net 1,860 (455 ) Resulting goodwill from acquisition $ 26,491 |
SCB Bancorp [Member] | |
Finite-Lived Intangible Assets [Line Items] | |
Reconciliation of purchase price to goodwill recorded [Table Text Block] | The following table provides a reconciliation of the purchase price paid for the acquisition of SCB and the amount of goodwill recorded (in thousands): Purchase price (in excess of net book value) $ 21,677 Purchase accounting adjustments: Fair value of securities $ 41 Fair value of loans, net 3,377 Fair value of OREO 345 Fair value of premises and equipment (953 ) Fair value of time deposits (343 ) Fair value of FHLB advances (29 ) Core deposit intangible (7,269 ) Customer list intangible (12,298 ) Other assets and other liabilities, net 13,808 (3,321 ) Resulting goodwill from acquisition 18,356 |
Repurchase Agreements and Oth_2
Repurchase Agreements and Other Borrowings Repurchase Agreements and Other Borrowings (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Debt Disclosure [Abstract] | |
Schedule of Securities Financing Transactions [Table Text Block] | Collateral pledged by class for repurchase agreements are as follows (in thousands): March 31, 2019 December 31, 2018 US Treasury securities and obligations of U.S. government corporations & agencies $ 121,926 $ 130,893 Mortgage-backed securities: GSE: residential 35,834 61,437 Total $ 157,760 $ 192,330 |
Fair Value of Assets and Liab_2
Fair Value of Assets and Liabilities (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Fair Value Disclosures [Abstract] | |
Assets Measured at Fair Value on Recurring Basis | The following table presents the Company’s assets that are measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall as of March 31, 2019 and December 31, 2018 (in thousands): Fair Value Measurements Using Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) March 31, 2019 Available-for-sale securities: U.S. Treasury securities and obligations of U.S. government corporations and agencies $ 190,727 $ — $ 190,727 $ — Obligations of states and political subdivisions 191,103 — 190,135 968 Mortgage-backed securities 311,484 — 311,484 — Other securities 2,304 96 2,208 — Total available-for-sale securities $ 695,618 $ 96 $ 694,554 $ 968 December 31, 2018 Available-for-sale securities: U.S. Treasury securities and obligations of U.S. government corporations and agencies $ 198,649 $ — $ 198,649 $ — Obligations of states and political subdivisions 192,579 — 191,612 967 Mortgage-backed securities 298,672 — 298,672 — Other securities 2,374 364 2,010 — Total available-for-sale securities $ 692,274 $ 364 $ 690,943 $ 967 |
Fair Value of Assets Measured on a Recurring Basis Using Significant Unobservable Inputs | The change in fair value of assets measured on a recurring basis using significant unobservable inputs (Level 3) for the three months ended March 31, 2019 and 2018 is summarized as follows (in thousands): Obligations of State and Political Subdivisions Trust Preferred Securities Three months ended Three months ended March 31, 2019 March 31, 2018 March 31, 2019 March 31, 2018 Beginning balance $ 967 $ — $ — $ 2,548 Transfers into Level 3 — — — — Transfers out of Level 3 — — — — Total gains or losses: Included in net income 1 — — — Included in other comprehensive income (loss) — — — 18 Purchases, issuances, sales and settlements: — Purchases — — — — Issuances — — — — Sales — — — — Settlements — — — (44 ) Ending balance $ 968 $ — $ — $ 2,522 Total gains or losses for the period included in net income attributable to the change in unrealized gains or losses related to assets and liabilities still held at the reporting date $ — $ — $ — $ — |
Assets Measured at Fair Value on a Nonrecurring Basis | The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2019 and December 31, 2018 (in thousands): Fair Value Measurements Using Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) March 31, 2019 Impaired loans (collateral dependent) $ 8,478 $ — $ — $ 8,478 Foreclosed assets held for sale 1,574 — — 1,574 December 31, 2018 Impaired loans (collateral dependent) $ 16,437 $ — $ — $ 16,437 Foreclosed assets held for sale 836 — — 836 |
Significant Assumptions Used in Valuation of Level 3 Financial Instruments | The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements other than goodwill at March 31, 2019 and December 31, 2018 (in thousands). March 31, 2019 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Impaired loans (collateral dependent) $ 8,478 Third party valuations Discount to reflect realizable value 0 % - 40% ( 20% ) Foreclosed assets held for sale 1,574 Third party valuations Discount to reflect realizable value less estimated selling costs 0 % - 40% ( 35% ) December 31, 2018 Fair Value Valuation Technique Unobservable Inputs Range (Weighted Average) Impaired loans (collateral dependent) $ 16,437 Third party valuations Discount to reflect realizable value 0 % - 40% ( 20% ) Foreclosed assets held for sale 836 Third party valuations Discount to reflect realizable value less estimated selling costs 0 % - 40% ( 35% ) (1) Every five years |
Carrying Amounts and Estimated Fair Values of Financial Instruments Not Carried at Fair Value | The following tables present estimated fair values of the Company’s financial instruments at March 31, 2019 and December 31, 2018 in accordance with ASC 825 (in thousands): Carrying Amount Fair Value Level 1 Level 2 Level 3 March 31, 2019 Financial Assets Cash and due from banks $ 232,052 $ 232,052 $ 232,052 $ — $ — Federal funds sold 496 496 496 — — Certificates of deposit investments 7,320 7,320 — 7,320 — Available-for-sale securities 695,618 695,618 96 694,554 968 Held-to-maturity securities 69,462 68,743 — 68,743 — Loans held for sale 1,233 1,233 — 1,233 — Loans net of allowance for loan losses 2,569,057 2,520,206 — — 2,520,206 Interest receivable 16,073 16,073 — 16,073 — Right-of-use lease assets 13,531 13,531 — 13,531 — Federal Reserve Bank stock 7,389 7,389 — 7,389 — Federal Home Loan Bank stock 2,995 2,995 — 2,995 — Financial Liabilities Deposits $ 3,046,213 $ 3,051,083 $ — $ 2,385,575 $ 665,508 Securities sold under agreements to repurchase 157,760 157,647 — 157,647 — Interest payable 2,166 2,166 — 2,166 — Federal Home Loan Bank borrowings 119,791 120,079 — 120,079 — Other borrowings 6,257 6,257 — 6,257 — Junior subordinated debentures 29,042 24,302 — 24,302 — Lease liabilities 13,533 13,533 — 13,533 — Carrying Amount Fair Value Level 1 Level 2 Level 3 December 31, 2018 Financial Assets Cash and due from banks $ 140,735 $ 140,735 $ 140,735 $ — $ — Federal funds sold 665 665 665 — — Certificates of deposit investments 7,569 7,569 — 7,569 — Available-for-sale securities 692,274 692,274 364 690,943 967 Held-to-maturity securities 69,436 67,909 — 67,909 — Loans held for sale 1,508 1,508 — 1,508 — Loans net of allowance for loan losses 2,616,822 2,541,037 — — 2,541,037 Interest receivable 16,881 16,881 — 16,881 — Federal Reserve Bank stock 7,390 7,390 — 7,390 — Federal Home Loan Bank stock 3,095 3,095 — 3,095 — Financial Liabilities Deposits $ 2,988,686 $ 2,991,177 $ — $ 2,396,917 $ 594,260 Securities sold under agreements to repurchase 192,330 192,179 — 192,179 — Interest payable 1,758 1,758 — 1,758 — Federal Home Loan Bank borrowings 119,745 119,704 — 119,704 — Other borrowings 7,724 7,724 — 7,724 — Junior subordinated debentures 29,000 24,418 — 24,418 — |
Business Combinations (Tables)
Business Combinations (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
SCB Bancorp [Member] | |
Business Acquisition [Line Items] | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Acquired Fair Value Adjustments As Recorded by Assets Cash and due from banks $ 65,112 — $ 65,112 Investment Securities 97,545 (41 ) 97,504 Loans 255,429 (7,868 ) 247,561 Allowance for loan losses (4,491 ) 4,491 — Other real estate owned 783 (345 ) 438 Premises and equipment 10,115 953 11,068 Goodwill 6,745 11,611 18,356 Core deposit intangible — 7,269 7,269 Other Intangibles 1,228 11,070 12,298 Other assets 24,858 (5,835 ) 19,023 Total assets acquired $ 457,324 21,305 $ 478,629 Liabilities Deposits $ 348,314 (343 ) $ 347,971 Securities sold under agreements to repurchase 21,180 — 21,180 FHLB advances 19,000 (29 ) 18,971 Other borrowings 7,724 — 7,724 Junior subordinated debentures — — — Other liabilities 15,477 — 15,477 Total liabilities assumed 411,695 (372 ) 411,323 Net assets acquired $ 45,629 21,677 $ 67,306 Consideration Paid Cash $ 19,046 Common Stock 48,260 Total consideration paid $ 67,306 |
Business Acquisition, Pro Forma Information [Table Text Block] | The following unaudited pro forma condensed combined financial information presents the results of operations of the Company, including the effects of the purchase accounting adjustments and acquisition expenses, had the SCB acquisition taken place at the beginning of the period (dollars in thousands): Three months ended March 31, 2018 Net interest income $ 26,552 Provision for loan losses 1,055 Non-interest income 12,704 Non-interest expense 24,218 Income before income taxes 13,983 Income tax expense 3,584 Net income $ 10,399 Earnings per share Basic $ 0.74 Diluted 0.74 Basic weighted average shares outstanding 14,001,588 Diluted weighted average shares outstanding 14,018,818 |
First BancTrust [Member] | |
Business Acquisition [Line Items] | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table summarizes the estimated fair values of assets acquired and liabilities assumed at the date of the First Bank acquisition (in thousands). Acquired Fair Value Adjustments As Recorded by Assets Cash & due from banks $ 20,598 $ — $ 20,598 Investment Securities 59,906 (320 ) 59,586 Loans 371,156 (7,875 ) 363,281 Allowance for loan losses (4,412 ) 4,412 — Other real estate owned 547 (12 ) 535 Premises and equipment 10,126 (689 ) 9,437 Goodwill 543 25,948 26,491 Core deposit intangible — 5,224 5,224 Other assets 16,389 (256 ) 16,133 Total assets acquired $ 474,853 $ 26,432 $ 501,285 Liabilities and Stockholders' Equity Deposits $ 384,323 $ 1,301 $ 385,624 FHLB advances 31,000 (328 ) 30,672 Subordinated debentures 6,186 (1,451 ) 4,735 Other liabilities 8,665 (36 ) 8,629 Total liabilities assumed 430,174 (514 ) 429,660 Net assets acquired $ 44,679 $ 26,946 $ 71,625 Consideration Paid Cash $ 10,275 Common stock 61,350 Total consideration paid $ 71,625 |
Business Acquisition, Pro Forma Information [Table Text Block] | Three months ended March 31, 2018 Net interest income $ 28,049 Provision for loan losses 1,205 Non-interest income 8,320 Non-interest expense 21,783 Income before income taxes 13,381 Income tax expense 3,429 Net income $ 9,952 Earnings per share Basic $ 0.70 Diluted 0.69 Basic weighted average shares outstanding 14,314,917 Diluted weighted average shares outstanding 14,332,147 |
Leases Leases (Tables)
Leases Leases (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Leases [Abstract] | |
Supplemental Balance Sheet Disclosures [Text Block] | The following table contains supplemental balance sheet information related to leases (dollars in thousands): March 31, 2019 Operating lease right-of-use assets $ 13,531 Operating lease liabilities 13,533 Weighted-average remaining lease term 5.8 years Weighted-average discount rate 3.20 % |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Maturities of lease liabilities were as follows (in thousands): Year ending December 31, 2019 (excluding the three months ended March 31, 2019) $ 2,001 2020 2,587 2021 2,345 2022 2,056 2023 1,275 Thereafter 5,356 Total lease payments 15,620 Less imputed interest (2,087 ) Total lease liability $ 13,533 |
Schedule of Other Operating Cost and Expense, by Component [Table Text Block] | The components of lease expense for the three months ended March 31, 2019 and 2018 were as follows (in thousands): Three months ended March 31, 2019 Operating lease cost $ 671 Short-term lease cost 23 Variable lease cost 224 Total lease cost 918 Income from subleases (248 ) Net lease cost $ 670 |
Operating Lease Cash Flow [Table Text Block] | Cash paid for amounts included in the measurement of lease liabilities was (in thousands): March 31, 2019 Operating cash flows from operating leases $ 664 |
Basis of Accounting and Conso_3
Basis of Accounting and Consolidation Basis of Accounting and Consolidation (Stock Plans) (Details) - shares | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Maximum number of shares to be issued in stock incentive plan (in shares) | 149,983 | ||
Employee Stock Purchase Plan [Abstract] | |||
Employee Discount for Employee Stock Purchase Plan | 5.00% | ||
Employee Stock Purchase Plan, Number Of Shares Authorized | 600,000 | ||
Stock Issued During Period, Shares, Employee Stock Purchase Plans | 782 | 0 | |
Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Common stock awarded in SI plan (in shares) | 13,250 | ||
Restricted Stock Units (RSUs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Common stock awarded in SI plan (in shares) | 15,540 | 28,700 |
Basis of Accounting and Conso_4
Basis of Accounting and Consolidation (AOCI) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Dec. 31, 2018 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ||
Total accumulated other comprehensive income, net of tax | $ 1,155 | $ (6,473) |
Accumulated Other Comprehensive Income (Loss) [Member] | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ||
Net unrealized gains on securities available-for-sale | 1,764 | (8,951) |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | 138 | 166 |
Other than Temporary Impairment Loss, Investments, Portion in Other Comprehensive Loss, before Tax, Portion Attributable to Parent, Available-for-sale Securities | 0 | 0 |
Unrealized gain (loss) on available-for-sale securities, tax benefit | (471) | 2,644 |
Total unrealized gain (loss) on available for sale securities, net of tax | 1,155 | (6,473) |
Securities with other-than-temporary impairment losses, tax benefit | 0 | 0 |
Total securities with other-than-temporary impairment losses, net of tax | 0 | 0 |
Accumulated other comprehensive income, tax | (471) | 2,644 |
Total accumulated other comprehensive income, net of tax | $ 1,155 | $ (6,473) |
Basis of Accounting and Conso_5
Basis of Accounting and Consolidation Basis of Accounting and Consolidation (AOCI-Income Statement) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Debt and Equity Securities, Gain (Loss) | $ 54 | $ 20 |
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Tax | (16) | (6) |
Other Comprehensive Income (Loss), Reclassification Adjustment for Sale of Securities Included in Net Income, Net of Tax | $ 38 | $ 14 |
Basis of Accounting and Conso_6
Basis of Accounting and Consolidation Basis of Accounting and Consolidation (Acquisitions) (Details) | Nov. 15, 2018USD ($)$ / sharesshares | May 01, 2018USD ($)$ / sharesshares | Mar. 31, 2019USD ($)$ / shares | Dec. 31, 2018USD ($)$ / shares |
Agreement And Plan Of Merger [Abstract] | ||||
Common stock, par value (in dollars per share) | $ / shares | $ 4 | $ 4 | ||
Assets | $ | $ 3,895,619,000 | $ 3,839,734,000 | ||
Gross loans | $ | 2,607,624,000 | 2,658,136,000 | ||
Deposits | $ | $ 3,046,213,000 | $ 2,988,686,000 | ||
First BancTrust [Member] | ||||
Agreement And Plan Of Merger [Abstract] | ||||
Percent Of Acquiree Outstanding Stock Being Acquired In Merger | 1 | |||
Par Value Of Outstanding Stock Being Acquired In Merger | $ / shares | $ 0.01 | |||
Right To Receive Value of Cash Option | $ / shares | $ 5 | |||
Right To Receive Value Of Share Option | shares | 0.800 | |||
Shares, Issued | shares | 1,643,900 | |||
Shares Issued, Price Per Share | $ / shares | $ 37.32 | |||
Aggregate Total Of Cash Paid In Business Combination | $ | $ 10,275,000 | |||
SCB Bancorp [Member] | ||||
Agreement And Plan Of Merger [Abstract] | ||||
Percent Of Acquiree Outstanding Stock Being Acquired In Merger | 1 | |||
Par Value Of Outstanding Stock Being Acquired In Merger | $ / shares | $ 7.50 | |||
Right To Receive Value of Cash Option | $ / shares | $ 307.93 | |||
Right To Receive Value Of Share Option | shares | 8.0228 | |||
Shares, Issued | shares | 1,330,571 | |||
Aggregate Total Of Cash Paid In Business Combination | $ | $ 19,046,000 | |||
Dividends, Cash | $ | $ 25,000,000 |
Basis of Accounting and Conso_7
Basis of Accounting and Consolidation Basis of Accounting and Consolidation (Stock Issuance) (Details) - USD ($) $ / shares in Units, $ in Thousands | Jun. 15, 2018 | Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | Aug. 16, 2017 |
Capital Raise [Abstract] | |||||
Common stock, par value (in dollars per share) | $ 4 | $ 4 | |||
Proceeds from issuance of common stock | $ 216 | $ 150 | |||
Capital Raise [Member] | |||||
Capital Raise [Abstract] | |||||
shares underwriters agreed to purchase | 823,799 | ||||
Shares Issued, Price Per Share | $ 38 | ||||
Underwriters Option to Purchase Shares | 123,569 | ||||
Shares, Issued | 947,368 | ||||
Proceeds from issuance of common stock | $ 34,000 | ||||
At The Market Program [Member] | |||||
Balance of Common Stock Available Under ATM | $ 16,530 | $ 20,000 |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Basic Net Income per Common Share Available to Common Stockholders [Abstract] | ||
Net income | $ 13,316,000 | $ 8,390,000 |
Weighted average common shares outstanding | 16,665,999 | 12,671,017 |
Basic earnings per common share | $ 0.80 | $ 0.66 |
Diluted Net Income per Common Share Available to Common Stockholders [Abstract] | ||
Net income applicable to diluted earnings per share | $ 13,316,000 | $ 8,390,000 |
Weighted average common shares outstanding | 16,665,999 | 12,671,017 |
Dilutive potential common shares [Abstract] | ||
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 0 | 3,980 |
Restricted stock awarded | 38,780 | 13,250 |
Dilutive potential common shares | 38,780 | 17,230 |
Diluted weighted average common shares outstanding | 16,704,779 | 12,688,247 |
Diluted net income per common share available to common stockholders | $ 0.80 | $ 0.66 |
Investment Securities (Details)
Investment Securities (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Available-for-sale: [Abstract] | |||
Amortized Cost | $ 693,854,000 | $ 701,225,000 | |
Gross Unrealized Gains | 5,347,000 | 2,310,000 | |
Gross Unrealized (Losses) | (3,583,000) | (11,261,000) | |
Fair Value | 695,618,000 | 692,274,000 | |
Debt and Equity Securities, Gain (Loss) | 54,000 | $ 20,000 | |
Held-to-maturity: [Abstract] | |||
Debt Securities, Held-to-maturity | 69,462,000 | 69,436,000 | |
Debt Securities, Held-to-maturity, Fair Value | 68,743,000 | 67,909,000 | |
Realized Investment Gains (Losses) [Abstract] | |||
Gross gains | 84,000 | 20,000 | |
Gross losses | (30,000) | $ 0 | |
U.S. Treasury securities and obligations of U.S. government corporations & agencies | |||
Available-for-sale: [Abstract] | |||
Amortized Cost | 190,845,000 | 201,380,000 | |
Gross Unrealized Gains | 926,000 | 504,000 | |
Gross Unrealized (Losses) | (1,044,000) | (3,235,000) | |
Fair Value | 190,727,000 | 198,649,000 | |
Held-to-maturity: [Abstract] | |||
Debt Securities, Held-to-maturity | 69,462,000 | 69,436,000 | |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Gain | 11,000 | 0 | |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | (730,000) | (1,527,000) | |
Debt Securities, Held-to-maturity, Fair Value | 68,743,000 | 67,909,000 | |
Obligations of states and political subdivisions | |||
Available-for-sale: [Abstract] | |||
Amortized Cost | 188,572,000 | 193,195,000 | |
Gross Unrealized Gains | 2,996,000 | 1,224,000 | |
Gross Unrealized (Losses) | (465,000) | (1,840,000) | |
Fair Value | 191,103,000 | 192,579,000 | |
Mortgage-backed securities: GSE residential | |||
Available-for-sale: [Abstract] | |||
Amortized Cost | 312,159,000 | 304,372,000 | |
Gross Unrealized Gains | 1,399,000 | 486,000 | |
Gross Unrealized (Losses) | (2,074,000) | (6,186,000) | |
Fair Value | 311,484,000 | 298,672,000 | |
Trust preferred securities | |||
Available-for-sale: [Abstract] | |||
Debt and Equity Securities, Gain (Loss) | 846,000 | ||
Other securities | |||
Available-for-sale: [Abstract] | |||
Amortized Cost | 2,278,000 | 2,278,000 | |
Gross Unrealized Gains | 26,000 | 96,000 | |
Gross Unrealized (Losses) | 0 | 0 | |
Fair Value | $ 2,304,000 | $ 2,374,000 |
Investment Securities, Part II
Investment Securities, Part II (Details) | 3 Months Ended | ||
Mar. 31, 2019USD ($)securities | Mar. 31, 2018USD ($) | Dec. 31, 2018USD ($)securities | |
Debt Securities, Available-for-sale, Fair Value, Fiscal Year Maturity [Abstract] | |||
One year or less | $ 175,644,000 | ||
After 1 through 5 years | 344,695,000 | ||
After 5 through 10 years | 174,040,000 | ||
After ten years | 1,239,000 | ||
Fair Value | $ 695,618,000 | $ 692,274,000 | |
Available-for-sale, Weighted Average Yield, Maturities Year One (in hundredths) | 2.64% | ||
Available-for-sale , Weighted Average Yield, Maturities After 1 through 5 Years (in hundredths) | 2.85% | ||
Available-for-sale, Weighted Average Yield, Maturities After 5 through 10 Years (in hundredths) | 2.92% | ||
Available-for-sale , Weighted Average Yield, Maturities After 10 Years (in hundredths) | 3.06% | ||
Available-for-sale , Weighted Average Yield, Maturities (in hundredths) | 2.82% | ||
Available-for-sale, Full Tax-equivalent Yield, Maturities Year One (in hundredths) | 2.79% | ||
Available-for-sale, Full Tax-equivalent Yield, Maturities After 1 through 5 Years (in hundredths) | 3.12% | ||
Available-for-sale, Full Tax-equivalent Yield, Maturities After 5 through 10 years (in hundredths) | 3.43% | ||
Available-for-sale, Full Tax-equivalent Yield, Maturities After Ten Years (in hundredths) | 4.07% | ||
Available-for-sale, Full Tax-equivalent Yield, Maturities (in hundredths) | 3.12% | ||
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract] | |||
Debt Securities, Held-to-maturity | $ 69,462,000 | 69,436,000 | |
Held To Maturity Weighted Average Yield Maturities Year One | 1.83% | ||
Held To Maturity Weighted Average Yield Maturities After 1 Through 5 Years | 2.06% | ||
Held To Maturity Weighted Average Yield Maturities After 5 Through 10 Years | 0.00% | ||
Held To Maturity Weighted Average Yield Maturities After 10 Years | 0.00% | ||
Held To Maturity Weighted Average Yield Maturities | 1.90% | ||
Held To Maturity Tax Equivalent Yield Maturities Year One | 1.83% | ||
Held To Maturity Tax Equivalent Yield Maturities After 1 Through 5 Years | 2.06% | ||
Held To Maturity Tax Equivalent Yield Maturities After 5 Through 10 Years | 0.00% | ||
Held To Maturity Tax Equivalent Yield Maturities After 10 Years | 0.00% | ||
Held To Maturity Tax Equivalent Yield Maturities | 1.90% | ||
Tax rate used to calculate tax-equivalent yields (in hundredths) | 21.00% | ||
Percentage investment book value exceeds total stockholders' equity (in hundredths) | 10.00% | ||
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract] | |||
Less than 12 months, Fair Value | $ 4,332,000 | 136,312,000 | |
Less than 12 months, Unrealized Losses | (8,000) | (1,748,000) | |
12 months or longer, Fair Value | 312,533,000 | 319,611,000 | |
12 months or longer, Unrealized losses | (3,575,000) | (9,513,000) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 316,865,000 | 455,923,000 | |
Total Unrealized Losses | 3,583,000 | 11,261,000 | |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | 3,583,000 | 11,261,000 | |
Credit losses on trust preferred securities held [Abstract] | |||
Beginning of period | 0 | $ 1,111,000 | |
Additions related to OTTI losses not previously recognized | 0 | 0 | |
Reductions due to sales / (recoveries) | 0 | 0 | |
Reductions due to change in intent or likelihood of sale | 0 | 0 | |
Additions related to increases in previously recognized OTTI losses | 0 | 0 | |
Reductions due to increases in expected cash flows | 0 | 0 | |
End of period | 0 | 1,111,000 | |
Debt and Equity Securities, Gain (Loss) | 54,000 | $ 20,000 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract] | |||
Debt Securities, Available-for-sale, Restricted | 574,000,000 | 628,000,000 | |
U.S. Treasury securities and obligations of U.S. government corporations & agencies | |||
Debt Securities, Available-for-sale, Fair Value, Fiscal Year Maturity [Abstract] | |||
One year or less | 148,125,000 | ||
After 1 through 5 years | 42,602,000 | ||
After 5 through 10 years | 0 | ||
After ten years | 0 | ||
Fair Value | 190,727,000 | 198,649,000 | |
Debt Securities, Held-to-maturity, Maturity, Amortized Cost, Net [Abstract] | |||
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost | 49,940,000 | ||
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost | 19,522,000 | ||
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost | 0 | ||
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after 10 Years, Amortized Cost | 0 | ||
Debt Securities, Held-to-maturity | 69,462,000 | 69,436,000 | |
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract] | |||
Less than 12 months, Fair Value | 998,000 | 16,095,000 | |
Less than 12 months, Unrealized Losses | 0 | (148,000) | |
12 months or longer, Fair Value | 82,772,000 | 105,549,000 | |
12 months or longer, Unrealized losses | (1,044,000) | (3,087,000) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 83,770,000 | 121,644,000 | |
Total Unrealized Losses | $ 1,044,000 | $ 3,235,000 | |
Number of securities in Unrealized Loss Positions | securities | 19 | 23 | |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | $ 1,044,000 | $ 3,235,000 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract] | |||
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | 0 | 19,683,000 | |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | 0 | (147,000) | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 63,775,000 | 48,226,000 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (730,000) | (1,380,000) | |
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value | 63,775,000 | 67,909,000 | |
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss | $ (730,000) | $ (1,527,000) | |
Held-to-maturity, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | securities | 13 | 9 | |
Obligations of states and political subdivisions | |||
Debt Securities, Available-for-sale, Fair Value, Fiscal Year Maturity [Abstract] | |||
One year or less | $ 26,862,000 | ||
After 1 through 5 years | 85,494,000 | ||
After 5 through 10 years | 77,798,000 | ||
After ten years | 949,000 | ||
Fair Value | 191,103,000 | $ 192,579,000 | |
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract] | |||
Less than 12 months, Fair Value | 1,382,000 | 38,782,000 | |
Less than 12 months, Unrealized Losses | (3,000) | (450,000) | |
12 months or longer, Fair Value | 30,225,000 | 42,741,000 | |
12 months or longer, Unrealized losses | (462,000) | (1,390,000) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 31,607,000 | 81,523,000 | |
Total Unrealized Losses | $ 465,000 | $ 1,840,000 | |
Number of securities in Unrealized Loss Positions | securities | 61 | 84 | |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | $ 465,000 | $ 1,840,000 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position [Abstract] | |||
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 30,225,000 | 42,741,000 | |
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (462,000) | (1,390,000) | |
Mortgage-backed securities: GSE residential | |||
Debt Securities, Available-for-sale, Fair Value, Fiscal Year Maturity [Abstract] | |||
One year or less | 657,000 | ||
After 1 through 5 years | 214,585,000 | ||
After 5 through 10 years | 96,242,000 | ||
After ten years | 0 | ||
Fair Value | 311,484,000 | 298,672,000 | |
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract] | |||
Less than 12 months, Fair Value | 1,952,000 | 81,435,000 | |
Less than 12 months, Unrealized Losses | (5,000) | (1,150,000) | |
12 months or longer, Fair Value | 199,536,000 | 171,321,000 | |
12 months or longer, Unrealized losses | (2,069,000) | (5,036,000) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 201,488,000 | 252,756,000 | |
Total Unrealized Losses | $ 2,074,000 | $ 6,186,000 | |
Number of securities in Unrealized Loss Positions | securities | 77 | 69 | |
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | $ 2,074,000 | $ 6,186,000 | |
Trust preferred securities | |||
Credit losses on trust preferred securities held [Abstract] | |||
Debt and Equity Securities, Gain (Loss) | 846,000 | ||
Other securities | |||
Debt Securities, Available-for-sale, Fair Value, Fiscal Year Maturity [Abstract] | |||
One year or less | 0 | ||
After 1 through 5 years | 2,014,000 | ||
After 5 through 10 years | 0 | ||
After ten years | 290,000 | ||
Fair Value | 2,304,000 | 2,374,000 | |
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract] | |||
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax | $ 0 | $ 0 |
Loans and Allowance for Loan _3
Loans and Allowance for Loan Losses (Details) | 3 Months Ended | 12 Months Ended | ||||
Mar. 31, 2019USD ($)alternative | Mar. 31, 2018USD ($) | Dec. 31, 2018USD ($) | Mar. 31, 2019USD ($) | Dec. 31, 2018USD ($) | Mar. 31, 2018USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | $ 947,000 | $ 1,055,000 | $ 8,667,000 | |||
Gross loans | $ 2,607,624,000 | $ 2,658,136,000 | ||||
Loans Receivable Held-for-sale, Amount | 1,233,000 | 1,508,000 | ||||
loans and leases receivable gross excluding loans held for sale | 2,606,391,000 | 2,656,628,000 | ||||
Less [Abstract] | ||||||
Net deferred loan fees, premiums and discounts | 10,630,000 | 13,617,000 | ||||
Allowance for loan losses | 26,189,000 | 19,977,000 | 19,977,000 | 26,704,000 | 26,189,000 | $ 20,771,000 |
Net loans | 2,569,057,000 | 2,616,822,000 | ||||
Increase (Decrease) in loans receivable | (47,800,000) | |||||
Impaired Loans [Abstract] | ||||||
Minimum value of loans individually measured for impairment | $ 250,000 | |||||
Number of alternatives for measuring impaired loans receivable | alternative | 3 | |||||
Allowance for Loan Losses [Abstract] | ||||||
Balance, beginning of period | $ 26,189,000 | 19,977,000 | 19,977,000 | |||
Provision for Loan and Lease Losses | 947,000 | 1,055,000 | ||||
Losses charged off | (568,000) | (476,000) | (2,993,000) | |||
Recoveries | 136,000 | 215,000 | 538,000 | |||
Balance, end of period | $ 26,704,000 | 20,771,000 | 26,189,000 | |||
Ending Balance [Abstract] | ||||||
Individually evaluated for impairment | 2,515,000 | 2,044,000 | 511,000 | |||
Collectively evaluated for impairment | 23,484,000 | 22,910,000 | 20,255,000 | |||
Ending Balance [Abstract] | ||||||
Individually evaluated for impairment | 14,282,000 | 16,980,000 | 13,079,000 | |||
Collectively evaluated for impairment | 2,568,096,000 | 2,611,916,000 | 1,964,365,000 | |||
Loans and Leases Receivable, Including Held for Sale, Net of Deferred Income | 2,596,994,000 | 2,644,519,000 | 1,977,697,000 | |||
Construction and land development | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Gross loans | 50,234,000 | 51,013,000 | ||||
Ending Balance [Abstract] | ||||||
Loans and Leases Receivable, Including Held for Sale, Net of Deferred Income | 49,179,000 | 50,619,000 | ||||
Agricultural real estate | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Gross loans | 237,437,000 | 232,409,000 | ||||
Ending Balance [Abstract] | ||||||
Loans and Leases Receivable, Including Held for Sale, Net of Deferred Income | 236,864,000 | 231,700,000 | ||||
1-4 Family residential properties | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Gross loans | 363,569,000 | 374,751,000 | ||||
Ending Balance [Abstract] | ||||||
Loans and Leases Receivable, Including Held for Sale, Net of Deferred Income | 362,617,000 | 373,518,000 | ||||
Period When Loans are Charged-down | 180 days | |||||
Multifamily residential properties | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Gross loans | 177,949,000 | 186,393,000 | ||||
Ending Balance [Abstract] | ||||||
Loans and Leases Receivable, Including Held for Sale, Net of Deferred Income | 175,903,000 | 184,051,000 | ||||
Commercial real estate | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Gross loans | 909,176,000 | 911,656,000 | ||||
Loans Receivable Additional Information [Abstract] | ||||||
Debt coverage ratio | 1.20x | |||||
Amortization period of loans | twenty years | |||||
Ending Balance [Abstract] | ||||||
Loans and Leases Receivable, Including Held for Sale, Net of Deferred Income | 905,679,000 | 906,850,000 | ||||
Commercial real estate | Minimum [Member] | ||||||
Loans Receivable Additional Information [Abstract] | ||||||
Maximum Loan-to-value Ratio (in hundredths) | 65.00% | |||||
Commercial real estate | Maximum [Member] | ||||||
Loans Receivable Additional Information [Abstract] | ||||||
Maximum Loan-to-value Ratio (in hundredths) | 80.00% | |||||
Loans secured by real estate | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Gross loans | 1,738,365,000 | 1,756,222,000 | ||||
Ending Balance [Abstract] | ||||||
Loans and Leases Receivable, Including Held for Sale, Net of Deferred Income | 1,730,242,000 | 1,746,738,000 | ||||
Agricultural loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Gross loans | 118,125,000 | 136,125,000 | ||||
Ending Balance [Abstract] | ||||||
Loans and Leases Receivable, Including Held for Sale, Net of Deferred Income | 118,026,000 | 135,877,000 | ||||
Commercial and industrial loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Gross loans | 551,837,000 | 559,120,000 | ||||
Loans Receivable Additional Information [Abstract] | ||||||
Maximum Loan-to-value Ratio (in hundredths) | 80.00% | |||||
Amortization period of loans | seven years | |||||
Loans Receivable, Time Period | one year | |||||
Ending Balance [Abstract] | ||||||
Loans and Leases Receivable, Including Held for Sale, Net of Deferred Income | 550,853,000 | 557,011,000 | ||||
Consumer loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | $ 243,000 | 103,000 | 602,000 | |||
Gross loans | 87,503,000 | 92,744,000 | ||||
Less [Abstract] | ||||||
Allowance for loan losses | 932,000 | 803,000 | 803,000 | 1,004,000 | 932,000 | 861,000 |
Allowance for Loan Losses [Abstract] | ||||||
Balance, beginning of period | 932,000 | 803,000 | 803,000 | |||
Losses charged off | (271,000) | (136,000) | (787,000) | |||
Recoveries | 100,000 | 91,000 | 314,000 | |||
Balance, end of period | 1,004,000 | 861,000 | 932,000 | |||
Ending Balance [Abstract] | ||||||
Individually evaluated for impairment | 3,000 | 3,000 | 0 | |||
Collectively evaluated for impairment | 1,001,000 | 929,000 | 861,000 | |||
Ending Balance [Abstract] | ||||||
Individually evaluated for impairment | 171,000 | 166,000 | 170,000 | |||
Collectively evaluated for impairment | 93,948,000 | 99,872,000 | 39,650,000 | |||
Financing Receivable, Net | 94,119,000 | 100,041,000 | ||||
Loans and Leases Receivable, Including Held for Sale, Net of Deferred Income | 86,540,000 | 91,516,000 | 39,820,000 | |||
All other loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Gross loans | 111,794,000 | 113,925,000 | ||||
Ending Balance [Abstract] | ||||||
Loans and Leases Receivable, Including Held for Sale, Net of Deferred Income | 111,333,000 | 113,377,000 | ||||
Agricultural and Farm Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Gross loans | 355,600,000 | 368,500,000 | ||||
Less [Abstract] | ||||||
Increase (Decrease) in loans receivable | $ (12,900,000) | |||||
Loans Receivable Additional Information [Abstract] | ||||||
Maximum Loan-to-value Ratio (in hundredths) | 65.00% | |||||
Amortization period of loans | twenty five years | |||||
Loans Receivable, Time Period | one year | |||||
Other Grain Farming [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Gross loans | 267,100,000 | 276,100,000 | ||||
Less [Abstract] | ||||||
Increase (Decrease) in loans receivable | $ (9,000,000) | |||||
Motels and Hotels Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Gross loans | 128,000,000 | |||||
Non-residential Buildings [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Gross loans | 228,300,000 | |||||
Residential Buildings [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Gross loans | 289,200,000 | |||||
Other Gambling Industries [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Gross loans | 103,000,000 | |||||
Unsecured Open-end Loans [Member] | ||||||
Ending Balance [Abstract] | ||||||
Period When Loans are Charged-down | 180 days | |||||
Other Secured Loans [Member] | ||||||
Ending Balance [Abstract] | ||||||
Period When Loans are Charged-down | 120 days | |||||
Commercial/ Commercial Real Estate | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | $ 584,000 | 936,000 | 6,070,000 | |||
Less [Abstract] | ||||||
Allowance for loan losses | 21,556,000 | 16,546,000 | 16,546,000 | 21,947,000 | 21,556,000 | 17,368,000 |
Allowance for Loan Losses [Abstract] | ||||||
Balance, beginning of period | 21,556,000 | 16,546,000 | 16,546,000 | |||
Losses charged off | (215,000) | (237,000) | (1,227,000) | |||
Recoveries | 22,000 | 123,000 | 167,000 | |||
Balance, end of period | 21,947,000 | 17,368,000 | 21,556,000 | |||
Ending Balance [Abstract] | ||||||
Individually evaluated for impairment | 2,257,000 | 1,816,000 | 486,000 | |||
Collectively evaluated for impairment | 18,994,000 | 18,514,000 | 16,877,000 | |||
Ending Balance [Abstract] | ||||||
Individually evaluated for impairment | 10,303,000 | 14,422,000 | 11,592,000 | |||
Collectively evaluated for impairment | 1,747,455,000 | 1,756,908,000 | 1,417,379,000 | |||
Loans and Leases Receivable, Including Held for Sale, Net of Deferred Income | 1,770,557,000 | 1,784,741,000 | 1,429,224,000 | |||
Agricultural/ Agricultural Real Estate | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 236,000 | (161,000) | 548,000 | |||
Less [Abstract] | ||||||
Allowance for loan losses | 2,197,000 | 1,742,000 | 1,742,000 | 2,412,000 | 2,197,000 | 1,581,000 |
Allowance for Loan Losses [Abstract] | ||||||
Balance, beginning of period | 2,197,000 | 1,742,000 | 1,742,000 | |||
Losses charged off | (30,000) | 0 | (93,000) | |||
Recoveries | 9,000 | 0 | 0 | |||
Balance, end of period | 2,412,000 | 1,581,000 | 2,197,000 | |||
Ending Balance [Abstract] | ||||||
Individually evaluated for impairment | 24,000 | 0 | 5,000 | |||
Collectively evaluated for impairment | 2,388,000 | 2,197,000 | 1,576,000 | |||
Ending Balance [Abstract] | ||||||
Individually evaluated for impairment | 45,000 | 32,000 | 202,000 | |||
Collectively evaluated for impairment | 354,432,000 | 367,175,000 | 196,173,000 | |||
Loans and Leases Receivable, Including Held for Sale, Net of Deferred Income | 354,477,000 | 367,211,000 | 196,375,000 | |||
Residential Real Estate | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | (116,000) | 177,000 | 1,447,000 | |||
Less [Abstract] | ||||||
Allowance for loan losses | $ 1,504,000 | 886,000 | 886,000 | 1,341,000 | 1,504,000 | 961,000 |
Loans Receivable Additional Information [Abstract] | ||||||
Maximum Loan-to-value Ratio (in hundredths) | 80.00% | |||||
Amortization period of loans | twenty five years | |||||
Balloon period | five years | |||||
Allowance for Loan Losses [Abstract] | ||||||
Balance, beginning of period | $ 1,504,000 | 886,000 | 886,000 | |||
Losses charged off | (52,000) | (103,000) | (886,000) | |||
Recoveries | 5,000 | 1,000 | 57,000 | |||
Balance, end of period | 1,341,000 | 961,000 | 1,504,000 | |||
Ending Balance [Abstract] | ||||||
Individually evaluated for impairment | 231,000 | 225,000 | 20,000 | |||
Collectively evaluated for impairment | 1,101,000 | 1,270,000 | 941,000 | |||
Ending Balance [Abstract] | ||||||
Individually evaluated for impairment | 3,763,000 | 2,360,000 | 1,115,000 | |||
Collectively evaluated for impairment | 372,261,000 | 387,961,000 | 311,163,000 | |||
Loans and Leases Receivable, Including Held for Sale, Net of Deferred Income | 377,841,000 | 392,526,000 | 312,278,000 | |||
Unallocated | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 0 | 0 | |||
Less [Abstract] | ||||||
Allowance for loan losses | 0 | 0 | 0 | 0 | 0 | 0 |
Allowance for Loan Losses [Abstract] | ||||||
Balance, beginning of period | 0 | 0 | 0 | |||
Losses charged off | 0 | 0 | 0 | |||
Recoveries | 0 | 0 | 0 | |||
Balance, end of period | $ 0 | $ 0 | $ 0 | |||
Ending Balance [Abstract] | ||||||
Individually evaluated for impairment | 0 | 0 | 0 | |||
Collectively evaluated for impairment | 0 | 0 | 0 | |||
Ending Balance [Abstract] | ||||||
Individually evaluated for impairment | 0 | 0 | 0 | |||
Collectively evaluated for impairment | 0 | 0 | 0 | |||
Loans and Leases Receivable, Including Held for Sale, Net of Deferred Income | 0 | 0 | 0 | |||
Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Less [Abstract] | ||||||
Net loans | 13,911,000 | 14,388,000 | ||||
Ending Balance [Abstract] | ||||||
Financing Receivable, Allowance for Credit Losses | 705,000 | 1,235,000 | 5,000 | |||
Ending Balance [Abstract] | ||||||
Financing Receivable, Net | 14,616,000 | 15,623,000 | 253,000 | |||
Financial Asset Acquired with Credit Deterioration [Member] | Construction and land development | ||||||
Ending Balance [Abstract] | ||||||
Financing Receivable, Net | 278,000 | 2,558,000 | ||||
Financial Asset Acquired with Credit Deterioration [Member] | Agricultural real estate | ||||||
Ending Balance [Abstract] | ||||||
Financing Receivable, Net | 0 | 0 | ||||
Financial Asset Acquired with Credit Deterioration [Member] | 1-4 Family residential properties | ||||||
Ending Balance [Abstract] | ||||||
Financing Receivable, Net | 1,817,000 | 2,206,000 | ||||
Financial Asset Acquired with Credit Deterioration [Member] | Multifamily residential properties | ||||||
Ending Balance [Abstract] | ||||||
Financing Receivable, Net | 3,864,000 | 3,891,000 | ||||
Financial Asset Acquired with Credit Deterioration [Member] | Agricultural loans | ||||||
Ending Balance [Abstract] | ||||||
Financing Receivable, Net | 0 | 4,000 | ||||
Financial Asset Acquired with Credit Deterioration [Member] | Commercial and industrial loans | ||||||
Ending Balance [Abstract] | ||||||
Financing Receivable, Net | 0 | 15,000 | ||||
Financial Asset Acquired with Credit Deterioration [Member] | Consumer loans | ||||||
Ending Balance [Abstract] | ||||||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | 0 | |||
Ending Balance [Abstract] | ||||||
Financing Receivable, Net | 0 | 3,000 | 0 | |||
Financial Asset Acquired with Credit Deterioration [Member] | Commercial/ Commercial Real Estate | ||||||
Ending Balance [Abstract] | ||||||
Financing Receivable, Allowance for Credit Losses | 696,000 | 1,226,000 | 5,000 | |||
Ending Balance [Abstract] | ||||||
Financing Receivable, Net | 12,799,000 | 13,411,000 | 253,000 | |||
Financial Asset Acquired with Credit Deterioration [Member] | Agricultural/ Agricultural Real Estate | ||||||
Ending Balance [Abstract] | ||||||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | 0 | |||
Ending Balance [Abstract] | ||||||
Financing Receivable, Net | 0 | 4,000 | 0 | |||
Financial Asset Acquired with Credit Deterioration [Member] | Residential Real Estate | ||||||
Ending Balance [Abstract] | ||||||
Financing Receivable, Allowance for Credit Losses | 9,000 | 9,000 | 0 | |||
Ending Balance [Abstract] | ||||||
Financing Receivable, Net | 1,817,000 | 2,205,000 | 0 | |||
Financial Asset Acquired with Credit Deterioration [Member] | Unallocated | ||||||
Ending Balance [Abstract] | ||||||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | 0 | |||
Ending Balance [Abstract] | ||||||
Financing Receivable, Net | $ 0 | $ 0 | $ 0 |
Loans and Allowance for Loan _4
Loans and Allowance for Loan Losses, Part II (Details) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019USD ($) | Mar. 31, 2018USD ($) | Dec. 31, 2018USD ($) | |
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | $ 29,252,000 | $ 28,037,000 | |
Current | 2,567,742,000 | 2,616,482,000 | |
Total Loans Receivable | 2,596,994,000 | $ 1,977,697,000 | 2,644,519,000 |
Total Loans 90 Days & Accruing | $ 0 | 0 | |
Number of days past due when interest is not accrued | ninety days | ||
Period of satisfactory performance before returning to accrual status | not less than six months | ||
Loans with a specific allowance [Abstract] | |||
Recorded Balance | $ 28,898,000 | 32,603,000 | |
Unpaid Principal Balance | 30,239,000 | 34,178,000 | |
Specific Allowance | 3,220,000 | 3,279,000 | |
Loans without a specific allowance [Abstract] | |||
Recorded Balance | 7,205,000 | 15,385,000 | |
Unpaid Principal Balance | 7,131,000 | 17,126,000 | |
Total Loans [Abstract] | |||
Recorded Balance | 36,103,000 | 47,988,000 | |
Unpaid Principal Balance | 37,370,000 | 51,304,000 | |
Average recorded investment and interest income recognized [Abstract] | |||
Average investment in impaired loans | 30,925,000 | 18,473,000 | |
Interest income recognized | 30,000 | 13,000 | |
Loans Receivable, Modifications, Still Accruing Interest | 2,229,000 | 1,418,000 | |
Balances of Nonaccrual Loans [Abstract] | |||
Recorded balance of nonaccrual loans | 23,873,000 | 27,298,000 | |
Interest Lost on Nonaccrual Loans | 1,097,000 | $ 608,000 | |
Troubled Debt Restructuring [Abstract] | |||
Troubled Debt Restructurings Balance | 10,205,000 | 9,956,000 | |
Financing Receivable Modifications Performing Recorded Investment | $ 2,115,000 | 2,451,000 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | ||
Recorded Balance of Troubled Debt Restructurings [Abstract] | |||
Financing Receivables, Modifications during Period, Number | 5 | 1 | |
Financing Receivables, Modifications during Period, Balance | $ 615,000 | $ 161,000 | |
Subsequent Default, Number of Days Past Due | 90 days | ||
Real Estate Acquired Through Foreclosure | $ 3,796,000 | 2,534,000 | |
Mortgage Loans Secured By Real Estate In Foreclosure | 2,163,000 | 425,000 | |
Pass | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 2,475,354,000 | 2,511,889,000 | |
Special Mention | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 47,089,000 | 58,716,000 | |
Substandard | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 74,551,000 | 73,914,000 | |
Doubtful | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 0 | 0 | |
Construction and land development | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 2,341,000 | 503,000 | |
Current | 46,838,000 | 50,116,000 | |
Total Loans Receivable | 49,179,000 | 50,619,000 | |
Total Loans 90 Days & Accruing | 0 | 0 | |
Loans with a specific allowance [Abstract] | |||
Recorded Balance | 278,000 | 2,559,000 | |
Unpaid Principal Balance | 278,000 | 2,559,000 | |
Specific Allowance | 7,000 | 14,000 | |
Loans without a specific allowance [Abstract] | |||
Recorded Balance | 224,000 | 48,000 | |
Unpaid Principal Balance | 224,000 | 48,000 | |
Total Loans [Abstract] | |||
Recorded Balance | 502,000 | 2,607,000 | |
Unpaid Principal Balance | 502,000 | 2,607,000 | |
Average recorded investment and interest income recognized [Abstract] | |||
Average investment in impaired loans | 813,000 | 46,000 | |
Interest income recognized | 0 | 0 | |
Balances of Nonaccrual Loans [Abstract] | |||
Recorded balance of nonaccrual loans | 224,000 | 377,000 | |
Construction and land development | Pass | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 48,192,000 | 49,794,000 | |
Construction and land development | Special Mention | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 465,000 | 471,000 | |
Construction and land development | Substandard | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 522,000 | 354,000 | |
Construction and land development | Doubtful | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 0 | 0 | |
Agricultural real estate | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 722,000 | 804,000 | |
Current | 236,142,000 | 230,896,000 | |
Total Loans Receivable | 236,864,000 | 231,700,000 | |
Total Loans 90 Days & Accruing | 0 | 0 | |
Loans with a specific allowance [Abstract] | |||
Recorded Balance | 0 | 0 | |
Unpaid Principal Balance | 0 | 0 | |
Specific Allowance | 0 | 0 | |
Loans without a specific allowance [Abstract] | |||
Recorded Balance | 310,000 | 309,000 | |
Unpaid Principal Balance | 310,000 | 309,000 | |
Total Loans [Abstract] | |||
Recorded Balance | 310,000 | 309,000 | |
Unpaid Principal Balance | 310,000 | 309,000 | |
Average recorded investment and interest income recognized [Abstract] | |||
Average investment in impaired loans | 1,239,000 | 0 | |
Interest income recognized | 0 | 0 | |
Balances of Nonaccrual Loans [Abstract] | |||
Recorded balance of nonaccrual loans | 310,000 | 309,000 | |
Agricultural real estate | Pass | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 227,602,000 | 221,047,000 | |
Agricultural real estate | Special Mention | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 7,349,000 | 7,805,000 | |
Agricultural real estate | Substandard | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 1,913,000 | 2,848,000 | |
Agricultural real estate | Doubtful | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 0 | 0 | |
1-4 Family residential properties | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 10,975,000 | 10,478,000 | |
Current | 351,642,000 | 363,040,000 | |
Total Loans Receivable | 362,617,000 | 373,518,000 | |
Total Loans 90 Days & Accruing | 0 | 0 | |
Loans with a specific allowance [Abstract] | |||
Recorded Balance | 5,580,000 | 4,565,000 | |
Unpaid Principal Balance | 5,605,000 | 4,952,000 | |
Specific Allowance | 240,000 | 234,000 | |
Loans without a specific allowance [Abstract] | |||
Recorded Balance | 3,478,000 | 3,680,000 | |
Unpaid Principal Balance | 3,676,000 | 4,769,000 | |
Total Loans [Abstract] | |||
Recorded Balance | 9,058,000 | 8,245,000 | |
Unpaid Principal Balance | 9,281,000 | 9,721,000 | |
Average recorded investment and interest income recognized [Abstract] | |||
Average investment in impaired loans | 8,690,000 | 3,891,000 | |
Interest income recognized | 23,000 | 8,000 | |
Loans Receivable, Modifications, Still Accruing Interest | 1,612,000 | $ 730,000 | |
Balances of Nonaccrual Loans [Abstract] | |||
Recorded balance of nonaccrual loans | 6,377,000 | 5,762,000 | |
Troubled Debt Restructuring [Abstract] | |||
Troubled Debt Restructurings Balance | 2,404,000 | 2,472,000 | |
Financing Receivable Modifications Performing Recorded Investment | $ 1,612,000 | 1,769,000 | |
Recorded Balance of Troubled Debt Restructurings [Abstract] | |||
Financing Receivables, Modifications during Period, Number | 1 | 1 | |
Financing Receivables, Modifications during Period, Balance | $ 46,000 | $ 161,000 | |
1-4 Family residential properties | Pass | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 341,528,000 | 352,583,000 | |
1-4 Family residential properties | Special Mention | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 5,550,000 | 5,526,000 | |
1-4 Family residential properties | Substandard | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 15,539,000 | 15,409,000 | |
1-4 Family residential properties | Doubtful | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 0 | 0 | |
Multifamily residential properties | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 2,059,000 | 3,104,000 | |
Current | 173,844,000 | 180,947,000 | |
Total Loans Receivable | 175,903,000 | 184,051,000 | |
Total Loans 90 Days & Accruing | 0 | 0 | |
Loans with a specific allowance [Abstract] | |||
Recorded Balance | 4,145,000 | 4,465,000 | |
Unpaid Principal Balance | 4,145,000 | 4,465,000 | |
Specific Allowance | 0 | 0 | |
Loans without a specific allowance [Abstract] | |||
Recorded Balance | 131,000 | 7,597,000 | |
Unpaid Principal Balance | 131,000 | 7,597,000 | |
Total Loans [Abstract] | |||
Recorded Balance | 4,276,000 | 12,062,000 | |
Unpaid Principal Balance | 4,276,000 | 12,062,000 | |
Average recorded investment and interest income recognized [Abstract] | |||
Average investment in impaired loans | 1,718,000 | 308,000 | |
Interest income recognized | 0 | 0 | |
Balances of Nonaccrual Loans [Abstract] | |||
Recorded balance of nonaccrual loans | 1,582,000 | 2,105,000 | |
Multifamily residential properties | Pass | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 156,561,000 | 163,845,000 | |
Multifamily residential properties | Special Mention | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 7,825,000 | 8,144,000 | |
Multifamily residential properties | Substandard | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 11,517,000 | 12,062,000 | |
Multifamily residential properties | Doubtful | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 0 | 0 | |
Commercial real estate | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 4,275,000 | 5,496,000 | |
Current | 901,404,000 | 901,354,000 | |
Total Loans Receivable | 905,679,000 | 906,850,000 | |
Total Loans 90 Days & Accruing | 0 | 0 | |
Loans with a specific allowance [Abstract] | |||
Recorded Balance | 12,731,000 | 12,517,000 | |
Unpaid Principal Balance | 13,114,000 | 12,804,000 | |
Specific Allowance | 969,000 | 1,553,000 | |
Loans without a specific allowance [Abstract] | |||
Recorded Balance | 1,328,000 | 983,000 | |
Unpaid Principal Balance | 1,052,000 | 1,201,000 | |
Total Loans [Abstract] | |||
Recorded Balance | 14,059,000 | 13,500,000 | |
Unpaid Principal Balance | 14,166,000 | 14,005,000 | |
Average recorded investment and interest income recognized [Abstract] | |||
Average investment in impaired loans | 10,359,000 | 5,993,000 | |
Interest income recognized | 6,000 | $ 3,000 | |
Loans Receivable, Modifications, Still Accruing Interest | 425,000 | ||
Balances of Nonaccrual Loans [Abstract] | |||
Recorded balance of nonaccrual loans | 7,561,000 | 8,457,000 | |
Troubled Debt Restructuring [Abstract] | |||
Troubled Debt Restructurings Balance | 1,887,000 | 1,706,000 | |
Financing Receivable Modifications Performing Recorded Investment | $ 425,000 | 676,000 | |
Recorded Balance of Troubled Debt Restructurings [Abstract] | |||
Financing Receivables, Modifications during Period, Number | 1 | 0 | |
Financing Receivables, Modifications during Period, Balance | $ 483,000 | $ 0 | |
Commercial real estate | Pass | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 863,328,000 | 861,086,000 | |
Commercial real estate | Special Mention | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 11,974,000 | 16,035,000 | |
Commercial real estate | Substandard | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 30,377,000 | 29,729,000 | |
Commercial real estate | Doubtful | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 0 | 0 | |
Agricultural loans | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 194,000 | 83,000 | |
Current | 117,832,000 | 135,794,000 | |
Total Loans Receivable | 118,026,000 | 135,877,000 | |
Total Loans 90 Days & Accruing | 0 | 0 | |
Loans with a specific allowance [Abstract] | |||
Recorded Balance | 45,000 | 36,000 | |
Unpaid Principal Balance | 629,000 | 504,000 | |
Specific Allowance | 24,000 | 0 | |
Loans without a specific allowance [Abstract] | |||
Recorded Balance | 701,000 | 631,000 | |
Unpaid Principal Balance | 117,000 | 163,000 | |
Total Loans [Abstract] | |||
Recorded Balance | 746,000 | 667,000 | |
Unpaid Principal Balance | 746,000 | 667,000 | |
Average recorded investment and interest income recognized [Abstract] | |||
Average investment in impaired loans | 664,000 | 885,000 | |
Interest income recognized | 0 | 0 | |
Balances of Nonaccrual Loans [Abstract] | |||
Recorded balance of nonaccrual loans | 746,000 | 667,000 | |
Troubled Debt Restructuring [Abstract] | |||
Troubled Debt Restructurings Balance | 629,000 | 499,000 | |
Agricultural loans | Pass | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 108,301,000 | 127,863,000 | |
Agricultural loans | Special Mention | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 6,017,000 | 7,581,000 | |
Agricultural loans | Substandard | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 3,708,000 | 433,000 | |
Agricultural loans | Doubtful | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 0 | 0 | |
Commercial and industrial loans | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 7,448,000 | 5,329,000 | |
Current | 543,405,000 | 551,682,000 | |
Total Loans Receivable | 550,853,000 | 557,011,000 | |
Total Loans 90 Days & Accruing | 0 | 0 | |
Loans with a specific allowance [Abstract] | |||
Recorded Balance | 5,948,000 | 8,292,000 | |
Unpaid Principal Balance | 6,297,000 | 8,723,000 | |
Specific Allowance | 1,977,000 | 1,475,000 | |
Loans without a specific allowance [Abstract] | |||
Recorded Balance | 488,000 | 1,660,000 | |
Unpaid Principal Balance | 892,000 | 2,027,000 | |
Total Loans [Abstract] | |||
Recorded Balance | 6,436,000 | 9,952,000 | |
Unpaid Principal Balance | 7,189,000 | 10,750,000 | |
Average recorded investment and interest income recognized [Abstract] | |||
Average investment in impaired loans | 6,698,000 | 7,056,000 | |
Interest income recognized | 1,000 | 2,000 | |
Loans Receivable, Modifications, Still Accruing Interest | 72,000 | $ 249,000 | |
Balances of Nonaccrual Loans [Abstract] | |||
Recorded balance of nonaccrual loans | 6,363,000 | 8,990,000 | |
Troubled Debt Restructuring [Abstract] | |||
Troubled Debt Restructurings Balance | 5,114,000 | 5,112,000 | |
Financing Receivable Modifications Performing Recorded Investment | $ 72,000 | 0 | |
Recorded Balance of Troubled Debt Restructurings [Abstract] | |||
Financing Receivables, Modifications during Period, Number | 2 | ||
Financing Receivables, Modifications during Period, Balance | $ 72,000 | ||
Commercial and industrial loans | Pass | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 536,110,000 | 535,186,000 | |
Commercial and industrial loans | Special Mention | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 5,120,000 | 9,967,000 | |
Commercial and industrial loans | Substandard | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 9,623,000 | 11,858,000 | |
Commercial and industrial loans | Doubtful | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 0 | 0 | |
Consumer loans | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 1,238,000 | 1,543,000 | |
Current | 85,302,000 | 89,973,000 | |
Total Loans Receivable | 86,540,000 | 39,820,000 | 91,516,000 |
Total Loans 90 Days & Accruing | 0 | 0 | |
Loans with a specific allowance [Abstract] | |||
Recorded Balance | 171,000 | 169,000 | |
Unpaid Principal Balance | 171,000 | 171,000 | |
Specific Allowance | 3,000 | 3,000 | |
Loans without a specific allowance [Abstract] | |||
Recorded Balance | 545,000 | 471,000 | |
Unpaid Principal Balance | 729,000 | 1,006,000 | |
Total Loans [Abstract] | |||
Recorded Balance | 716,000 | 640,000 | |
Unpaid Principal Balance | 900,000 | 1,177,000 | |
Average recorded investment and interest income recognized [Abstract] | |||
Average investment in impaired loans | 744,000 | 294,000 | |
Interest income recognized | 0 | 0 | |
Loans Receivable, Modifications, Still Accruing Interest | 6,000 | $ 20,000 | |
Balances of Nonaccrual Loans [Abstract] | |||
Recorded balance of nonaccrual loans | 710,000 | 625,000 | |
Troubled Debt Restructuring [Abstract] | |||
Troubled Debt Restructurings Balance | 171,000 | 167,000 | |
Financing Receivable Modifications Performing Recorded Investment | $ 6,000 | 6,000 | |
Recorded Balance of Troubled Debt Restructurings [Abstract] | |||
Financing Receivables, Modifications during Period, Number | 1 | 0 | |
Financing Receivables, Modifications during Period, Balance | $ 14,000 | $ 0 | |
Consumer loans | Pass | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 85,017,000 | 90,133,000 | |
Consumer loans | Special Mention | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 171,000 | 177,000 | |
Consumer loans | Substandard | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 1,352,000 | 1,206,000 | |
Consumer loans | Doubtful | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 0 | 0 | |
All other loans | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 0 | 697,000 | |
Current | 111,333,000 | 112,680,000 | |
Total Loans Receivable | 111,333,000 | 113,377,000 | |
Total Loans 90 Days & Accruing | 0 | 0 | |
Loans with a specific allowance [Abstract] | |||
Specific Allowance | 0 | 0 | |
Loans without a specific allowance [Abstract] | |||
Recorded Balance | 0 | 6,000 | |
Unpaid Principal Balance | 0 | 6,000 | |
Total Loans [Abstract] | |||
Recorded Balance | 0 | 6,000 | |
Unpaid Principal Balance | 0 | 6,000 | |
Average recorded investment and interest income recognized [Abstract] | |||
Average investment in impaired loans | 0 | 0 | |
Interest income recognized | 0 | 0 | |
Balances of Nonaccrual Loans [Abstract] | |||
Recorded balance of nonaccrual loans | 0 | 6,000 | |
All other loans | Pass | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 108,715,000 | 110,352,000 | |
All other loans | Special Mention | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 2,618,000 | 3,010,000 | |
All other loans | Substandard | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 0 | 15,000 | |
All other loans | Doubtful | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Loans Receivable | 0 | 0 | |
Loans secured by real estate | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 20,372,000 | 20,385,000 | |
Current | 1,709,870,000 | 1,726,353,000 | |
Total Loans Receivable | 1,730,242,000 | 1,746,738,000 | |
Total Loans 90 Days & Accruing | 0 | 0 | |
Loans with a specific allowance [Abstract] | |||
Recorded Balance | 22,734,000 | 24,106,000 | |
Unpaid Principal Balance | 23,142,000 | 24,780,000 | |
Specific Allowance | 1,216,000 | 1,801,000 | |
Loans without a specific allowance [Abstract] | |||
Recorded Balance | 5,471,000 | 12,617,000 | |
Unpaid Principal Balance | 5,393,000 | 13,924,000 | |
Total Loans [Abstract] | |||
Recorded Balance | 28,205,000 | 36,723,000 | |
Unpaid Principal Balance | 28,535,000 | 38,704,000 | |
Average recorded investment and interest income recognized [Abstract] | |||
Average investment in impaired loans | 22,819,000 | 10,238,000 | |
Interest income recognized | 29,000 | $ 11,000 | |
Balances of Nonaccrual Loans [Abstract] | |||
Recorded balance of nonaccrual loans | 16,054,000 | 17,010,000 | |
Troubled Debt Restructuring [Abstract] | |||
Troubled Debt Restructurings Balance | 4,291,000 | 4,178,000 | |
Financing Receivable Modifications Performing Recorded Investment | $ 2,037,000 | 2,445,000 | |
Recorded Balance of Troubled Debt Restructurings [Abstract] | |||
Financing Receivables, Modifications during Period, Number | 2 | 1 | |
Financing Receivables, Modifications during Period, Balance | $ 529,000 | $ 161,000 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 12,575,000 | 9,370,000 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction and land development | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 2,115,000 | 460,000 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Agricultural real estate | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 671,000 | 0 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | 1-4 Family residential properties | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 6,128,000 | 3,347,000 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Multifamily residential properties | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 638,000 | 1,149,000 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial real estate | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 1,214,000 | 1,349,000 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Agricultural loans | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 124,000 | 63,000 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial and industrial loans | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 1,013,000 | 1,417,000 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer loans | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 672,000 | 888,000 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | All other loans | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 0 | 697,000 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Loans secured by real estate | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 10,766,000 | 6,305,000 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 1,378,000 | 4,353,000 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction and land development | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 50,000 | 43,000 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Agricultural real estate | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 51,000 | 804,000 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | 1-4 Family residential properties | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 809,000 | 3,051,000 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Multifamily residential properties | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 0 | 0 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial real estate | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 0 | 89,000 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Agricultural loans | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 0 | 0 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial and industrial loans | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 151,000 | 10,000 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer loans | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 317,000 | 356,000 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | All other loans | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 0 | 0 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Loans secured by real estate | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 910,000 | 3,987,000 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 15,299,000 | 14,314,000 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction and land development | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 176,000 | 0 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Agricultural real estate | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 0 | 0 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | 1-4 Family residential properties | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 4,038,000 | 4,080,000 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Multifamily residential properties | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 1,421,000 | 1,955,000 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial real estate | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 3,061,000 | 4,058,000 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Agricultural loans | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 70,000 | 20,000 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial and industrial loans | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 6,284,000 | 3,902,000 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer loans | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 249,000 | 299,000 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | All other loans | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | 0 | 0 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans secured by real estate | |||
Loans Receivable Aging Analysis [Abstract] | |||
Total Past Due | $ 8,696,000 | $ 10,093,000 |
Loans and Allowance for Loan _5
Loans and Allowance for Loan Losses Loans and Allowance for Loan Losses, Part III (PCI Loans) (Details) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 |
Carrying Amount [Abstract] | |||
Carrying amount, net of allowance | $ 2,569,057,000 | $ 2,616,822,000 | |
Financial Asset Acquired with Credit Deterioration [Member] | |||
Carrying Amount [Abstract] | |||
Carrying amount | 14,616,000 | 15,623,000 | $ 253,000 |
Allowance for loan losses | (705,000) | (1,235,000) | (5,000) |
Carrying amount, net of allowance | 13,911,000 | 14,388,000 | |
Financing Receivable, Allowance for Credit Losses Reversed | 593,000 | 65,000 | |
Agricultural loans | Financial Asset Acquired with Credit Deterioration [Member] | |||
Carrying Amount [Abstract] | |||
Carrying amount | 0 | 4,000 | |
Construction and land development | Financial Asset Acquired with Credit Deterioration [Member] | |||
Carrying Amount [Abstract] | |||
Carrying amount | 278,000 | 2,558,000 | |
Agricultural real estate | Financial Asset Acquired with Credit Deterioration [Member] | |||
Carrying Amount [Abstract] | |||
Carrying amount | 0 | 0 | |
1-4 Family residential properties | Financial Asset Acquired with Credit Deterioration [Member] | |||
Carrying Amount [Abstract] | |||
Carrying amount | 1,817,000 | 2,206,000 | |
Multifamily residential properties | Financial Asset Acquired with Credit Deterioration [Member] | |||
Carrying Amount [Abstract] | |||
Carrying amount | 3,864,000 | 3,891,000 | |
Commercial real estate | Financial Asset Acquired with Credit Deterioration [Member] | |||
Carrying Amount [Abstract] | |||
Carrying amount | 8,657,000 | 6,946,000 | |
Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Carrying Amount [Abstract] | |||
Carrying amount | 14,616,000 | 15,601,000 | |
Commercial and industrial loans | Financial Asset Acquired with Credit Deterioration [Member] | |||
Carrying Amount [Abstract] | |||
Carrying amount | 0 | 15,000 | |
Consumer loans | |||
Carrying Amount [Abstract] | |||
Carrying amount | 94,119,000 | 100,041,000 | |
Consumer loans | Financial Asset Acquired with Credit Deterioration [Member] | |||
Carrying Amount [Abstract] | |||
Carrying amount | 0 | 3,000 | 0 |
Allowance for loan losses | $ 0 | $ 0 | $ 0 |
Goodwill and Intangible Asset_3
Goodwill and Intangible Assets Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Goodwill and Intangible Assets Gross Carrying Value [Abstract] | ||
Goodwill not subject to amortization (effective 1/1/02) | $ 108,757 | $ 109,037 |
Total Goodwill And Intangible Assets, Gross Carrying Value | 160,156 | 160,436 |
Goodwill and Intangible Assets Accumulated Amortization [Abstract] | ||
Goodwill not subject to amortization (effective 1/1/02) | 3,760 | 3,760 |
Total Goodwill and Intangible Assets, Accumulated Amortization | 24,738 | 23,440 |
Intangibles from branch acquisition | ||
Goodwill and Intangible Assets Gross Carrying Value [Abstract] | ||
Finite-Lived Intangible Assets, Gross | 3,015 | 3,015 |
Goodwill and Intangible Assets Accumulated Amortization [Abstract] | ||
Finite-Lived Intangible Assets, Accumulated Amortization | 3,015 | 3,015 |
Core Deposits [Member] | ||
Goodwill and Intangible Assets Gross Carrying Value [Abstract] | ||
Finite-Lived Intangible Assets, Gross | 32,355 | 32,355 |
Goodwill and Intangible Assets Accumulated Amortization [Abstract] | ||
Finite-Lived Intangible Assets, Accumulated Amortization | 14,997 | 14,017 |
Customer Lists [Member] | ||
Goodwill and Intangible Assets Gross Carrying Value [Abstract] | ||
Finite-Lived Intangible Assets, Gross | 16,029 | 16,029 |
Goodwill and Intangible Assets Accumulated Amortization [Abstract] | ||
Finite-Lived Intangible Assets, Accumulated Amortization | $ 2,966 | $ 2,648 |
Goodwill and Intangible Asset_4
Goodwill and Intangible Assets Reconciliation of Purchase Price to Goodwill (Details) - USD ($) $ in Thousands | Nov. 15, 2018 | May 01, 2018 |
SCB Bancorp [Member] | ||
Reconciliation of purchase price to goodwill recorded [Line Items] | ||
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Securities | $ 97,504 | |
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Repossessed Assets | 438 | |
Fair value of premises and equipment | (11,068) | |
Fair value of time deposits | 347,971 | |
FHLB advances | 18,971 | |
Junior subordinated debentures | 0 | |
Core deposit intangible | (7,269) | |
Customer list intangible | (12,298) | |
SCB Bancorp [Member] | Fair Value Adjustment [Member] | ||
Reconciliation of purchase price to goodwill recorded [Line Items] | ||
Goodwill Provisionally Recorded | 18,600 | |
Purchase price (in excess of net book value) | 21,677 | |
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Securities | 41 | |
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Loans, net | 3,377 | |
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Repossessed Assets | 345 | |
Fair value of premises and equipment | (953) | |
Fair value of time deposits | (343) | |
FHLB advances | (29) | |
Junior subordinated debentures | 0 | |
Core deposit intangible | (7,269) | |
Customer list intangible | (11,070) | |
Other assets | 13,808 | |
Business Combination, Net Fair Value Adjustments | (3,321) | |
Resulting goodwill from acquisition | $ 18,356 | |
First BancTrust [Member] | ||
Reconciliation of purchase price to goodwill recorded [Line Items] | ||
Purchase price (in excess of net book value) | $ 26,946 | |
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Securities | 59,586 | |
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Repossessed Assets | 535 | |
Fair value of premises and equipment | (9,437) | |
Fair value of time deposits | 385,624 | |
FHLB advances | 30,672 | |
Junior subordinated debentures | 4,735 | |
Core deposit intangible | (5,224) | |
Business Combination, Net Fair Value Adjustments | (455) | |
Resulting goodwill from acquisition | 26,491 | |
First BancTrust [Member] | Fair Value Adjustment [Member] | ||
Reconciliation of purchase price to goodwill recorded [Line Items] | ||
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Securities | 320 | |
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Loans, net | 3,463 | |
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Repossessed Assets | 12 | |
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Mortgage Servicing Rights | (1,097) | |
Fair value of premises and equipment | (689) | |
Fair value of time deposits | 1,301 | |
FHLB advances | (328) | |
Junior subordinated debentures | (1,451) | |
Core deposit intangible | (5,224) | |
Customer list intangible | 5,224 | |
Other assets | $ 1,860 |
Goodwill and Intangible Asset_5
Goodwill and Intangible Assets Amortization Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Total Amortization Expense [Abstract] | |||
Amortization of intangible assets | $ 1,356 | $ 505 | |
Estimated Amortization Expense [Abstract] | |||
For period 04/01/19-12/31/19 | 3,783 | ||
For year ended 12/31/20 | 4,573 | ||
For year ended 12/31/21 | 3,996 | ||
For year ended 12/31/22 | 3,630 | ||
For year ended 12/31/23 | 3,318 | ||
For year ended 12/31/24 | 3,050 | ||
Core Deposits [Member] | |||
Total Amortization Expense [Abstract] | |||
Amortization of intangible assets | 980 | 420 | |
Customer Lists [Member] | |||
Total Amortization Expense [Abstract] | |||
Amortization of intangible assets | 318 | 46 | |
Mortgage Servicing Rights [Member] | |||
Total Amortization Expense [Abstract] | |||
Amortization of intangible assets | $ 58 | $ 39 | $ 308 |
Goodwill and Intangible Asset_6
Goodwill and Intangible Assets Mortgage Servicing Rights (Details) - USD ($) | May 01, 2018 | Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Finite-Lived Intangible Assets [Line Items] | |||||
Amortization of Intangible Assets | $ (1,356,000) | $ (505,000) | |||
Mortgage Servicing Rights [Member] | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Finite-lived Intangible Assets Acquired | 0 | 0 | $ 1,558,000 | ||
Capitalization Of Mortgage Servicing Rights | 0 | 0 | 7,000 | ||
Amortization of Intangible Assets | (58,000) | (39,000) | (308,000) | ||
Finite-Lived Intangible Assets, Net | $ 2,043,000 | $ 805,000 | $ 2,101,000 | $ 844,000 | |
First BancTrust [Member] | Mortgage Servicing Rights [Member] | |||||
Finite-Lived Intangible Assets [Line Items] | |||||
Finite-lived Intangible Assets Acquired | $ 1,558,000 |
Repurchase Agreements and Oth_3
Repurchase Agreements and Other Borrowings (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Dec. 31, 2018 | |
Repurchase Agreements and Other Borrowings [Abstract] | ||
Securities Sold under Agreements to Repurchase | $ 157,760 | $ 192,330 |
Securities Sold under Agreements to Repurchase Increase (Decrease) | (34,600) | |
Debt Instrument [Line Items] | ||
Advances from Federal Home Loan Banks | 119,791 | |
Disclosure of Repurchase Agreements [Abstract] | ||
Securities pledged to Repurchase Agreements | $ 157,760 | 192,330 |
Securities Sold Under Agreements to Repurchase Weighted Average Rate | 0.63% | |
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | 119,745 | |
FHLB advance, 3-Year Original Maturity 2 [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 4,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 3-year maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 1.72% | |
FHLB Advance, 6-Month Original Maturity [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 15,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 6-month maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 2.68% | |
FHLB Advance, 2-Year Original Maturity [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 5,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 2-year maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 2.75% | |
FHLB Advance, 2-Year Original Maturity 2 [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 5,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 2-year maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 1.56% | |
FHLB Advance, 11-Month Original Maturity [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 10,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 11-month maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 2.81% | |
FHLB Advance 15-Month Original Maturity [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 5,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 15-month maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 2.63% | |
FHLB Advance 5-Year Original Maturity [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 2,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 5-year maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 1.89% | |
FHLB Advance, 14-Month Original Maturity [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 10,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 14-month maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 2.88% | |
FHLB Advance 1.5-Year Original Maturity 2 [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 5,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 1.5-year maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 2.67% | |
FHLB advance, 3-Year Original Maturity [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 4,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 3-year maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 2.40% | |
FHLB Advance 2.5 Year Original Maturity [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 5,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 2.5-year maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 1.67% | |
FHLB Advance 4-Year Original Maturity [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 5,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 4-year maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 1.79% | |
FHLB Advance 1.5-Year Original Maturity 3 [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 10,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 1.5 year maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 2.95% | |
FHLB Advance 3 Year Original Maturity 3 [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 5,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 3-year maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 1.75% | |
FHLB advance, 6-Year Maturity [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 5,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 6-year maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 2.30% | |
FHLB Advance 3.5 Year Original Maturity [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 5,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 3.5-year maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 1.83% | |
FHLB Advance 5-Year Original Maturity 2 [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 5,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 5-year maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 1.85% | |
FHLB Advance, 7 Year Maturity [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 5,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 7-year maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 2.55% | |
FHLB Advance 5-Year Original Maturity 3 [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 5,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 5-year maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 2.71% | |
FHLB advance, 8-Year Maturity [Member] | ||
FHLB Advances [Abstract] | ||
Federal Home Loan Bank Advances Short and Long Term | $ 5,000 | |
Federal Home Loan Bank Advances, Original Maturity Term | 8-year maturity | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 2.40% | |
U.S. Treasury securities and obligations of U.S. government corporations & agencies | ||
Disclosure of Repurchase Agreements [Abstract] | ||
Securities pledged to Repurchase Agreements | $ 121,926 | 130,893 |
Residential Mortgage-backed Securities [Member] | ||
Disclosure of Repurchase Agreements [Abstract] | ||
Securities pledged to Repurchase Agreements | $ 35,834 | $ 61,437 |
Fair Value of Assets and Liab_3
Fair Value of Assets and Liabilities (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | $ 695,618,000 | $ 692,274,000 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||
Beginning balance | $ 0 | ||
Transfers into Level 3 | 0 | ||
Transfers out of Level 3 | 0 | ||
Total gains or losses [Abstract] | |||
Included in net income | 0 | ||
Included in other comprehensive income (loss) | 0 | ||
Purchases, issuances, sales and settlements [Abstract] | |||
Purchases | 0 | ||
Issuances | 0 | ||
Sales | 0 | ||
Settlements | 0 | ||
Ending Balance | 0 | ||
Impaired Loans Receivable [Abstract] | |||
Carrying amount of loans with a specific allowance | 30,239,000 | 34,178,000 | |
Fair value of loans with a specific allowance | 28,898,000 | 32,603,000 | |
Specific Allowance | 3,220,000 | 3,279,000 | |
Fair Value, Measurements, Recurring [Member] | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 695,618,000 | 692,274,000 | |
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 96,000 | 364,000 | |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 694,554,000 | 690,943,000 | |
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 968,000 | 967,000 | |
Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired Loans Receivable [Abstract] | |||
Carrying amount of loans with a specific allowance | 11,438,000 | ||
Fair value of loans with a specific allowance | 8,478,000 | ||
Specific Allowance | 2,960,000 | ||
U.S. Treasury securities and obligations of U.S. government corporations & agencies | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 190,727,000 | 198,649,000 | |
U.S. Treasury securities and obligations of U.S. government corporations & agencies | Fair Value, Measurements, Recurring [Member] | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 190,727,000 | 198,649,000 | |
U.S. Treasury securities and obligations of U.S. government corporations & agencies | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 0 | 0 | |
U.S. Treasury securities and obligations of U.S. government corporations & agencies | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 190,727,000 | 198,649,000 | |
U.S. Treasury securities and obligations of U.S. government corporations & agencies | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 0 | 0 | |
Obligations of states and political subdivisions | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 191,103,000 | 192,579,000 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||
Beginning balance | 967,000 | ||
Transfers into Level 3 | 0 | ||
Transfers out of Level 3 | 0 | ||
Total gains or losses [Abstract] | |||
Included in net income | 1,000 | ||
Included in other comprehensive income (loss) | 0 | ||
Purchases, issuances, sales and settlements [Abstract] | |||
Purchases | 0 | ||
Issuances | 0 | ||
Sales | 0 | ||
Settlements | 0 | ||
Ending Balance | 968,000 | ||
Total gains or losses for the period included in net income attributable to the change in unrealized gains or losses related to assets and liabilities still held at the reporting date | 0 | 0 | |
Obligations of states and political subdivisions | Fair Value, Measurements, Recurring [Member] | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 191,103,000 | 192,579,000 | |
Obligations of states and political subdivisions | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 0 | 0 | |
Obligations of states and political subdivisions | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 190,135,000 | 191,612,000 | |
Obligations of states and political subdivisions | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 968,000 | 967,000 | |
Residential Mortgage-backed Securities [Member] | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 311,484,000 | 298,672,000 | |
Residential Mortgage-backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 311,484,000 | 298,672,000 | |
Residential Mortgage-backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 0 | 0 | |
Residential Mortgage-backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 311,484,000 | 298,672,000 | |
Residential Mortgage-backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 0 | 0 | |
Trust preferred securities | |||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||
Beginning balance | 0 | 2,548,000 | |
Transfers into Level 3 | 0 | 0 | |
Transfers out of Level 3 | 0 | 0 | |
Total gains or losses [Abstract] | |||
Included in net income | 0 | 0 | |
Included in other comprehensive income (loss) | 0 | 18,000 | |
Purchases, issuances, sales and settlements [Abstract] | |||
Purchases | 0 | 0 | |
Issuances | 0 | 0 | |
Sales | 0 | 0 | |
Settlements | 0 | (44,000) | |
Ending Balance | 0 | 2,522,000 | |
Total gains or losses for the period included in net income attributable to the change in unrealized gains or losses related to assets and liabilities still held at the reporting date | 0 | $ 0 | |
Other securities | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 2,304,000 | 2,374,000 | |
Other securities | Fair Value, Measurements, Recurring [Member] | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 2,304,000 | 2,374,000 | |
Other securities | Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 96,000 | 364,000 | |
Other securities | Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 2,208,000 | 2,010,000 | |
Other securities | Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) | |||
Available-for-sale: [Abstract] | |||
Total available-for-sale securities | 0 | 0 | |
Impaired Loans (Collateral Dependent) [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Assets, Fair Value Disclosure | 8,478,000 | 16,437,000 | |
Impaired Loans (Collateral Dependent) [Member] | Fair Value, Measurements, Nonrecurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | |||
Debt Securities, Available-for-sale [Line Items] | |||
Assets, Fair Value Disclosure | 0 | 0 | |
Impaired Loans (Collateral Dependent) [Member] | Fair Value, Measurements, Nonrecurring [Member] | Significant Other Observable Inputs (Level 2) | |||
Debt Securities, Available-for-sale [Line Items] | |||
Assets, Fair Value Disclosure | 0 | 0 | |
Impaired Loans (Collateral Dependent) [Member] | Fair Value, Measurements, Nonrecurring [Member] | Significant Unobservable Inputs (Level 3) | |||
Debt Securities, Available-for-sale [Line Items] | |||
Assets, Fair Value Disclosure | $ 8,478,000 | $ 16,437,000 |
Fair Value of Assets and Liab_4
Fair Value of Assets and Liabilities, Part II (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Dec. 31, 2018 | |
Foreclosed Assets Held for Sale [Abstract] | ||
Other real estate owned | $ 3,796,000 | $ 2,534,000 |
Financial Assets [Abstract] | ||
Available-for-sale securities | 695,618,000 | 692,274,000 |
Debt Securities, Held-to-maturity | 69,462,000 | 69,436,000 |
Debt Securities, Held-to-maturity, Fair Value | 68,743,000 | 67,909,000 |
Operating lease right-of-use assets | 13,531,000 | 0 |
Financial Liabilities [Abstract] | ||
Operating lease liabilities | 13,533,000 | 0 |
Carrying Amount [Member] | ||
Financial Assets [Abstract] | ||
Cash and due from banks | 232,052,000 | 140,735,000 |
Federal funds sold | 496,000 | 665,000 |
Certificates of deposit investments | 7,320,000 | 7,569,000 |
Available-for-sale securities | 695,618,000 | 692,274,000 |
Debt Securities, Held-to-maturity | 69,462,000 | 69,436,000 |
Loans held for sale | 1,233,000 | 1,508,000 |
Loans net of allowance for loan losses | 2,569,057,000 | 2,616,822,000 |
Interest receivable | 16,073,000 | 16,881,000 |
Operating lease right-of-use assets | 13,531,000 | |
Federal Reserve Bank stock | 7,389,000 | 7,390,000 |
Federal Home Loan Bank stock | 2,995,000 | 3,095,000 |
Financial Liabilities [Abstract] | ||
Deposits | 3,046,213,000 | 2,988,686,000 |
Securities sold under agreements to repurchase | 157,760,000 | 192,330,000 |
Interest payable | 2,166,000 | 1,758,000 |
Federal Home Loan Bank borrowings | 119,791,000 | 119,745,000 |
Other borrowings | 6,257,000 | 7,724,000 |
Junior subordinated debentures | 29,042,000 | 29,000,000 |
Operating lease liabilities | 13,533,000 | |
Fair Value [Member] | ||
Financial Assets [Abstract] | ||
Cash and due from banks | 232,052,000 | 140,735,000 |
Federal funds sold | 496,000 | 665,000 |
Certificates of deposit investments | 7,320,000 | 7,569,000 |
Available-for-sale securities | 695,618,000 | 692,274,000 |
Debt Securities, Held-to-maturity, Fair Value | 68,743,000 | 67,909,000 |
Loans held for sale | 1,233,000 | 1,508,000 |
Loans net of allowance for loan losses | 2,520,206,000 | 2,541,037,000 |
Interest receivable | 16,073,000 | 16,881,000 |
Operating lease right-of-use assets | 13,531,000 | |
Federal Reserve Bank stock | 7,389,000 | 7,390,000 |
Federal Home Loan Bank stock | 2,995,000 | 3,095,000 |
Financial Liabilities [Abstract] | ||
Deposits | 3,051,083,000 | 2,991,177,000 |
Securities sold under agreements to repurchase | 157,647,000 | 192,179,000 |
Interest payable | 2,166,000 | 1,758,000 |
Federal Home Loan Bank borrowings | 120,079,000 | 119,704,000 |
Other borrowings | 6,257,000 | 7,724,000 |
Junior subordinated debentures | 24,302,000 | 24,418,000 |
Operating lease liabilities | 13,533,000 | |
Fair Value, Measurements, Nonrecurring [Member] | Carrying Amount [Member] | ||
Foreclosed Assets Held for Sale [Abstract] | ||
Other real estate owned | 3,796,000 | |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value [Member] | ||
Foreclosed Assets Held for Sale [Abstract] | ||
Other real estate owned | 1,574,000 | |
Quoted Prices in Active Markets for Identical Assets (Level 1) | ||
Financial Assets [Abstract] | ||
Cash and due from banks | 232,052,000 | 140,735,000 |
Federal funds sold | 496,000 | 665,000 |
Available-for-sale securities | 96,000 | 364,000 |
Debt Securities, Held-to-maturity, Fair Value | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans net of allowance for loan losses | 0 | 0 |
Interest receivable | 0 | 0 |
Operating lease right-of-use assets | 0 | |
Federal Reserve Bank stock | 0 | 0 |
Federal Home Loan Bank stock | 0 | 0 |
Financial Liabilities [Abstract] | ||
Deposits | 0 | 0 |
Securities sold under agreements to repurchase | 0 | 0 |
Interest payable | 0 | 0 |
Federal Home Loan Bank borrowings | 0 | 0 |
Other borrowings | 0 | 0 |
Junior subordinated debentures | 0 | 0 |
Operating lease liabilities | 0 | |
Significant Other Observable Inputs (Level 2) | ||
Financial Assets [Abstract] | ||
Cash and due from banks | 0 | 0 |
Federal funds sold | 0 | 0 |
Certificates of deposit investments | 7,320,000 | 7,569,000 |
Available-for-sale securities | 694,554,000 | 690,943,000 |
Debt Securities, Held-to-maturity, Fair Value | 68,743,000 | 67,909,000 |
Loans held for sale | 1,233,000 | 1,508,000 |
Loans net of allowance for loan losses | 0 | 0 |
Interest receivable | 16,073,000 | 16,881,000 |
Operating lease right-of-use assets | 13,531,000 | |
Federal Reserve Bank stock | 7,389,000 | 7,390,000 |
Federal Home Loan Bank stock | 2,995,000 | 3,095,000 |
Financial Liabilities [Abstract] | ||
Deposits | 2,385,575,000 | 2,396,917,000 |
Securities sold under agreements to repurchase | 157,647,000 | 192,179,000 |
Interest payable | 2,166,000 | 1,758,000 |
Federal Home Loan Bank borrowings | 120,079,000 | 119,704,000 |
Other borrowings | 6,257,000 | 7,724,000 |
Junior subordinated debentures | 24,302,000 | 24,418,000 |
Operating lease liabilities | 13,533,000 | |
Significant Unobservable Inputs (Level 3) | ||
Financial Assets [Abstract] | ||
Cash and due from banks | 0 | 0 |
Federal funds sold | 0 | 0 |
Available-for-sale securities | 968,000 | 967,000 |
Debt Securities, Held-to-maturity, Fair Value | 0 | 0 |
Loans held for sale | 0 | 0 |
Loans net of allowance for loan losses | 2,520,206,000 | 2,541,037,000 |
Interest receivable | 0 | 0 |
Operating lease right-of-use assets | 0 | |
Federal Reserve Bank stock | 0 | 0 |
Federal Home Loan Bank stock | 0 | 0 |
Financial Liabilities [Abstract] | ||
Deposits | 665,508,000 | 594,260,000 |
Securities sold under agreements to repurchase | 0 | 0 |
Interest payable | 0 | 0 |
Federal Home Loan Bank borrowings | 0 | 0 |
Other borrowings | 0 | 0 |
Junior subordinated debentures | 0 | 0 |
Operating lease liabilities | 0 | |
Impaired loans (collateral dependent) | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Assets, Fair Value Disclosure | 8,478,000 | 16,437,000 |
Impaired loans (collateral dependent) | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Impaired loans (collateral dependent) | Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Assets, Fair Value Disclosure | $ 0 | $ 0 |
Impaired loans (collateral dependent) | Significant Unobservable Inputs (Level 3) | Minimum [Member] | Third Party Valuations [Member] | ||
Assets Measured On Recurring And Nonrecurring Basis Valuation Techniques [Abstract] | ||
Discount to reflect realizable value | 0.00% | 0.00% |
Impaired loans (collateral dependent) | Significant Unobservable Inputs (Level 3) | Maximum [Member] | Third Party Valuations [Member] | ||
Assets Measured On Recurring And Nonrecurring Basis Valuation Techniques [Abstract] | ||
Discount to reflect realizable value | 40.00% | 40.00% |
Impaired loans (collateral dependent) | Significant Unobservable Inputs (Level 3) | Weighted Average [Member] | Third Party Valuations [Member] | ||
Assets Measured On Recurring And Nonrecurring Basis Valuation Techniques [Abstract] | ||
Discount to reflect realizable value | 20.00% | 20.00% |
Impaired loans (collateral dependent) | Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Assets, Fair Value Disclosure | $ 8,478,000 | $ 16,437,000 |
Assets Held-for-sale [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Assets, Fair Value Disclosure | 1,574,000 | 836,000 |
Assets Held-for-sale [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Assets Held-for-sale [Member] | Significant Other Observable Inputs (Level 2) | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Assets, Fair Value Disclosure | $ 0 | $ 0 |
Assets Held-for-sale [Member] | Significant Unobservable Inputs (Level 3) | Minimum [Member] | Third Party Valuations [Member] | ||
Assets Measured On Recurring And Nonrecurring Basis Valuation Techniques [Abstract] | ||
Discount to reflect realizable value less estimated selling costs (in hundredths) | 0.00% | 0.00% |
Assets Held-for-sale [Member] | Significant Unobservable Inputs (Level 3) | Maximum [Member] | Third Party Valuations [Member] | ||
Assets Measured On Recurring And Nonrecurring Basis Valuation Techniques [Abstract] | ||
Discount to reflect realizable value less estimated selling costs (in hundredths) | 40.00% | 40.00% |
Assets Held-for-sale [Member] | Significant Unobservable Inputs (Level 3) | Weighted Average [Member] | Third Party Valuations [Member] | ||
Assets Measured On Recurring And Nonrecurring Basis Valuation Techniques [Abstract] | ||
Discount to reflect realizable value less estimated selling costs (in hundredths) | 35.00% | 35.00% |
Assets Held-for-sale [Member] | Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Assets, Fair Value Disclosure | $ 1,574,000 | $ 836,000 |
Business Combinations Business
Business Combinations Business Combinations Narrative (Details) | Nov. 15, 2018USD ($)$ / sharesshares | May 01, 2018USD ($)$ / sharesshares | Mar. 31, 2019$ / shares | Dec. 31, 2018$ / shares |
Business Acquisition [Line Items] | ||||
Common stock, par value (in dollars per share) | $ / shares | $ 4 | $ 4 | ||
SCB Bancorp [Member] | ||||
Business Acquisition [Line Items] | ||||
Percent Of Acquiree Outstanding Stock Being Acquired In Merger | 1 | |||
Par Value Of Outstanding Stock Being Acquired In Merger | $ / shares | $ 7.50 | |||
Right To Receive Value of Cash Option | $ / shares | $ 307.93 | |||
Aggregate Total Of Cash Paid In Business Combination | $ 19,046,000 | |||
Right To Receive Value Of Share Option | shares | 8.0228 | |||
Dividends, Cash | $ 25,000,000 | |||
Total assets acquired | 478,629,000 | |||
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Loans | 247,561,000 | |||
Deposits | 347,971,000 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Premises And Equipment | $ 11,068,000 | |||
Shares, Issued | shares | 1,330,571 | |||
First BancTrust [Member] | ||||
Business Acquisition [Line Items] | ||||
Percent Of Acquiree Outstanding Stock Being Acquired In Merger | 1 | |||
Par Value Of Outstanding Stock Being Acquired In Merger | $ / shares | $ 0.01 | |||
Right To Receive Value of Cash Option | $ / shares | $ 5 | |||
Aggregate Total Of Cash Paid In Business Combination | $ 10,275,000 | |||
Right To Receive Value Of Share Option | shares | 0.800 | |||
Total assets acquired | $ 501,285,000 | |||
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Loans | 363,281,000 | |||
Deposits | 385,624,000 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Premises And Equipment | 9,437,000 | |||
Goodwill, Acquired During Period | $ 26,491,000 | |||
Shares, Issued | shares | 1,643,900 | |||
Shares Issued, Price Per Share | $ / shares | $ 37.32 | |||
Acquired Book Value [Member] | SCB Bancorp [Member] | ||||
Business Acquisition [Line Items] | ||||
Total assets acquired | $ 457,324,000 | |||
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Loans | 255,429,000 | |||
Deposits | 348,314,000 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Premises And Equipment | $ 10,115,000 | |||
Acquired Book Value [Member] | First BancTrust [Member] | ||||
Business Acquisition [Line Items] | ||||
Total assets acquired | $ 474,853,000 | |||
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Loans | 371,156,000 | |||
Deposits | 384,323,000 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Premises And Equipment | $ 10,126,000 |
Business Combinations Assets Ac
Business Combinations Assets Acquired and Liabilities Assumed (Details) - USD ($) | Nov. 15, 2018 | May 01, 2018 | Mar. 31, 2019 |
SCB Bancorp [Member] | |||
Business Acquisition [Line Items] | |||
Cash and due from banks | $ 65,112,000 | ||
Investment Securities | (97,504,000) | ||
Loans | (247,561,000) | ||
Allowance for loan losses | 0 | ||
Other real estate owned | (438,000) | ||
Premises and equipment | (11,068,000) | ||
Goodwill | 18,356,000 | ||
Core deposit intangible | 7,269,000 | ||
Other Intangibles | 12,298,000 | ||
Other assets | (19,023,000) | ||
Total assets acquired | 478,629,000 | ||
Deposits | 347,971,000 | ||
Securities sold under agreements to repurchase | 21,180,000 | ||
FHLB advances | 18,971,000 | ||
Other borrowings | 7,724,000 | ||
Junior subordinated debentures | 0 | ||
Other liabilities | 15,477,000 | ||
Total liabilities assumed | (411,323,000) | ||
Net assets acquired | 67,306,000 | ||
Aggregate Total Of Cash Paid In Business Combination | 19,046,000 | ||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | 48,260,000 | ||
Business Combination, Value of Total Consideration Paid | $ 67,306,000 | ||
Business Combination, Acquisition Related Costs | $ 1,200,000 | ||
Business Acquisition YTD Transaction Costs | 283,000 | ||
Finite-Lived Intangible Asset, Useful Life | 10 years | ||
SCB Bancorp-Ag Services [Member] | |||
Business Acquisition [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 12 years | ||
SCB Bancorp-Insurance [Member] | |||
Business Acquisition [Line Items] | |||
Finite-Lived Intangible Asset, Useful Life | 11 years | ||
First BancTrust [Member] | |||
Business Acquisition [Line Items] | |||
Cash and due from banks | $ 20,598,000 | ||
Investment Securities | (59,586,000) | ||
Loans | (363,281,000) | ||
Allowance for loan losses | 0 | ||
Other real estate owned | (535,000) | ||
Premises and equipment | (9,437,000) | ||
Goodwill | 26,491,000 | ||
Core deposit intangible | 5,224,000 | ||
Other assets | (16,133,000) | ||
Total assets acquired | 501,285,000 | ||
Deposits | 385,624,000 | ||
FHLB advances | 30,672,000 | ||
Junior subordinated debentures | 4,735,000 | ||
Other liabilities | 8,629,000 | ||
Total liabilities assumed | (429,660,000) | ||
Net assets acquired | 71,625,000 | ||
Aggregate Total Of Cash Paid In Business Combination | 10,275,000 | ||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | 61,350,000 | ||
Business Combination, Value of Total Consideration Paid | $ 71,625,000 | ||
Business Combination, Acquisition Related Costs | 5,100,000 | ||
Business Acquisition YTD Transaction Costs | $ 153,000 | ||
Finite-Lived Intangible Asset, Useful Life | 10 years | ||
Acquired Book Value [Member] | SCB Bancorp [Member] | |||
Business Acquisition [Line Items] | |||
Cash and due from banks | $ 65,112,000 | ||
Investment Securities | (97,545,000) | ||
Loans | (255,429,000) | ||
Allowance for loan losses | (4,491,000) | ||
Other real estate owned | (783,000) | ||
Premises and equipment | (10,115,000) | ||
Goodwill | 6,745,000 | ||
Core deposit intangible | 0 | ||
Other Intangibles | 1,228,000 | ||
Other assets | (24,858,000) | ||
Total assets acquired | 457,324,000 | ||
Deposits | 348,314,000 | ||
Securities sold under agreements to repurchase | 21,180,000 | ||
FHLB advances | 19,000,000 | ||
Other borrowings | 7,724,000 | ||
Junior subordinated debentures | 0 | ||
Other liabilities | 15,477,000 | ||
Total liabilities assumed | (411,695,000) | ||
Net assets acquired | 45,629,000 | ||
Acquired Book Value [Member] | First BancTrust [Member] | |||
Business Acquisition [Line Items] | |||
Cash and due from banks | $ 20,598,000 | ||
Investment Securities | (59,906,000) | ||
Loans | (371,156,000) | ||
Allowance for loan losses | (4,412,000) | ||
Other real estate owned | (547,000) | ||
Premises and equipment | (10,126,000) | ||
Goodwill | 543,000 | ||
Core deposit intangible | 0 | ||
Other assets | (16,389,000) | ||
Total assets acquired | 474,853,000 | ||
Deposits | 384,323,000 | ||
FHLB advances | 31,000,000 | ||
Junior subordinated debentures | 6,186,000 | ||
Other liabilities | 8,665,000 | ||
Total liabilities assumed | (430,174,000) | ||
Net assets acquired | 44,679,000 | ||
Fair Value Adjustment [Member] | SCB Bancorp [Member] | |||
Business Acquisition [Line Items] | |||
Cash and due from banks | 0 | ||
Investment Securities | (41,000) | ||
Loans | (7,868,000) | ||
Allowance for loan losses | (4,491,000) | ||
Other real estate owned | (345,000) | ||
Premises and equipment | (953,000) | ||
Goodwill | 11,611,000 | ||
Core deposit intangible | 7,269,000 | ||
Other Intangibles | 11,070,000 | ||
Other assets | 5,835,000 | ||
Total assets acquired | 21,305,000 | ||
Deposits | (343,000) | ||
Securities sold under agreements to repurchase | 0 | ||
FHLB advances | (29,000) | ||
Other borrowings | 0 | ||
Junior subordinated debentures | 0 | ||
Other liabilities | 0 | ||
Total liabilities assumed | 372,000 | ||
Net assets acquired | 21,677,000 | ||
Fair Value Adjustment [Member] | SCB Bancorp-Ag Services [Member] | |||
Business Acquisition [Line Items] | |||
Other Intangibles | 4,200,000 | ||
Fair Value Adjustment [Member] | SCB Bancorp-Insurance [Member] | |||
Business Acquisition [Line Items] | |||
Other Intangibles | 8,100,000 | ||
Fair Value Adjustment [Member] | First BancTrust [Member] | |||
Business Acquisition [Line Items] | |||
Cash and due from banks | 0 | ||
Investment Securities | (320,000) | ||
Loans | (7,875,000) | ||
Allowance for loan losses | (4,412,000) | ||
Other real estate owned | (12,000) | ||
Premises and equipment | (689,000) | ||
Goodwill | 25,948,000 | ||
Core deposit intangible | 5,224,000 | ||
Other Intangibles | (5,224,000) | ||
Other assets | (256,000) | ||
Total assets acquired | 26,432,000 | ||
Deposits | 1,301,000 | ||
FHLB advances | (328,000) | ||
Junior subordinated debentures | (1,451,000) | ||
Other liabilities | (36,000) | ||
Total liabilities assumed | (514,000) | ||
Net assets acquired | 26,946,000 | ||
Fair Value Adjustments, Accretable portion [Member] | SCB Bancorp [Member] | |||
Business Acquisition [Line Items] | |||
Loans | $ 7,200,000 | ||
Fair Value Adjustments, Accretable portion [Member] | First BancTrust [Member] | |||
Business Acquisition [Line Items] | |||
Loans | $ 3,600,000 |
Business Combinations Pro Forma
Business Combinations Pro Forma Information (Details) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended |
Mar. 31, 2018USD ($)$ / sharesshares | |
SCB Bancorp [Member] | |
Business Acquisition [Line Items] | |
Business Acquisitions Pro Forma Net Interest Income | $ 26,552 |
Business Acquisitions Pro Forma Provision For Loan Losses | 1,055 |
Business Acquisitions Pro Forma Non-Interest Income | 12,704 |
Business Acquisitions Pro Forma Non-Interest Expense | 24,218 |
Business Acquisitions Pro Forma Income before Income Taxes | 13,983 |
Business Acquisitions Pro Forma, Income Tax Expense | 3,584 |
Business Acquisition, Pro Forma Net Income (Loss) | $ 10,399 |
Business Acquisition, Pro Forma Earnings Per Share, Basic | $ / shares | $ 740 |
Business Acquisition, Pro Forma Earnings Per Share, Diluted | $ / shares | $ 740 |
Weighted Average Basic Shares Outstanding, Pro Forma | shares | 14,001,588 |
Pro Forma Weighted Average Shares Outstanding, Diluted | shares | 14,018,818 |
First BancTrust [Member] | |
Business Acquisition [Line Items] | |
Business Acquisitions Pro Forma Net Interest Income | $ 28,049 |
Business Acquisitions Pro Forma Provision For Loan Losses | 1,205 |
Business Acquisitions Pro Forma Non-Interest Income | 8,320 |
Business Acquisitions Pro Forma Non-Interest Expense | 21,783 |
Business Acquisitions Pro Forma Income before Income Taxes | 13,381 |
Business Acquisitions Pro Forma, Income Tax Expense | 3,429 |
Business Acquisition, Pro Forma Net Income (Loss) | $ 9,952 |
Business Acquisition, Pro Forma Earnings Per Share, Basic | $ / shares | $ 700 |
Business Acquisition, Pro Forma Earnings Per Share, Diluted | $ / shares | $ 690 |
Weighted Average Basic Shares Outstanding, Pro Forma | shares | 14,314,917 |
Pro Forma Weighted Average Shares Outstanding, Diluted | shares | 14,332,147 |
Leases Leases (Details)
Leases Leases (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Cash Flow, Operating Activities, Lessee [Abstract] | |||
Operating Lease, Payments | $ 664 | $ 0 | |
Leases, Operating [Abstract] | |||
Operating lease right-of-use assets | 13,531 | $ 0 | |
Operating lease liabilities | $ 13,533 | $ 0 | |
Weighted-average remaining lease term | 5 years 10 months | ||
Weighted-average discount rate | 3.20% | ||
Operating Lease Liabilities, Payments Due [Abstract] | |||
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months | $ 2,001 | ||
Lessee, Operating Lease, Liability, Payments, Due Year Two | 2,587 | ||
Lessee, Operating Lease, Liability, Payments, Due Year Three | 2,345 | ||
Lessee, Operating Lease, Liability, Payments, Due Year Four | 2,056 | ||
Lessee, Operating Lease, Liability, Payments, Due Year Five | 1,275 | ||
Lessor, Operating Lease, Payments to be Received, Thereafter | 5,356 | ||
Lessor, Operating Lease, Payments to be Received | 15,620 | ||
Imputed Interest on Operating Leases | 2,087 | ||
Lease, Cost [Abstract] | |||
Operating lease cost | 671 | ||
Short-term lease cost | 23 | ||
Variable lease cost | 224 | ||
Total lease cost | 918 | ||
Income from subleases | (248) | ||
Net lease cost | $ 670 |