Cass Information Systems (CASS) 10-Q 7 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 27, 2018
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Entity Registrant Name	CASS INFORMATION SYSTEMS INC
Entity Central Index Key	708,781
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		12,294,422

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets
Cash and due from banks	$ 13,064	$ 17,422
Interest-bearing deposits in other financial institutions	111,244	152,056
Federal funds sold and other short-term investments	1,895	58,632
Cash and cash equivalents	126,203	228,110
Securities available-for-sale, at fair value	440,863	470,523
Loans	714,861	686,231
Less: Allowance for loan losses	10,215	10,205
Loans, net	704,646	676,026
Premises and equipment, net	22,466	21,586
Investment in bank-owned life insurance	17,155	16,927
Payments in excess of funding	153,836	139,103
Goodwill	12,569	12,569
Other intangible assets, net	1,775	1,996
Other assets	90,792	90,369
Total assets	1,570,305	1,657,209
Deposits:
Noninterest-bearing	265,356	281,541
Interest-bearing	360,381	396,547
Total deposits	625,737	678,088
Accounts and drafts payable	673,704	715,888
Other liabilities	44,251	38,145
Total liabilities	1,343,692	1,432,121
Shareholders' Equity:
Preferred stock, par value $.50 per share; 2,000,000 shares authorized and no shares issued
Common stock, par value $.50 per share; 40,000,000 shares authorized and 13,047,997 shares issued at June 30, 2018 and December 31, 2017	6,524	6,524
Additional paid-in capital	204,687	204,631
Retained earnings	68,771	59,314
Common shares in treasury, at cost (754,435 shares at June 30, 2018 and 760,962 shares at December 31, 2017)	(32,243)	(32,061)
Accumulated other comprehensive loss	(21,126)	(13,320)
Total shareholders' equity	226,613	225,088
Total liabilities and shareholders' equity	$ 1,570,305	$ 1,657,209

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Preferred stock, par value per share	$ 0.50	$ .50
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Common stock, par value per share	$ 0.50	$ .50
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	13,047,997	13,047,997
Treasury stock, shares	754,435	760,962

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Fee Revenue and Other Income:
Information services payment and processing revenue	$ 25,221	$ 23,282	$ 50,048	$ 45,571
Bank service fees	359	389	694	671
Losses on sales of securities	(55)		(42)
Other	115	129	314	329
Total fee revenue and other income	25,640	23,800	51,014	46,571
Interest Income:
Interest and fees on loans	7,923	7,104	15,465	14,057
Interest and dividends on securities:
Taxable	489	84	810	161
Exempt from federal income taxes	2,332	2,659	4,897	5,260
Interest on federal funds sold and other short-term investments	769	485	1,629	853
Total interest income	11,513	10,332	22,801	20,331
Interest Expense:
Interest on deposits	794	470	1,473	950
Net interest income	10,719	9,862	21,328	19,381
Provision for loan losses
Net interest income after provision for loan losses	10,719	9,862	21,328	19,381
Total net revenue	36,359	33,662	72,342	65,952
Operating Expense:
Personnel	21,589	19,162	41,971	37,961
Occupancy	925	889	1,779	1,731
Equipment	1,408	1,200	2,716	2,504
Amortization of intangible assets	111	108	221	207
Other operating expense	3,430	3,542	6,958	6,816
Total operating expense	27,463	24,901	53,645	49,219
Income before income tax expense	8,896	8,761	18,697	16,733
Income tax expense	1,387	2,248	3,096	3,913
Net income	$ 7,509	$ 6,513	$ 15,601	$ 12,820
Basic earnings per share	$ 0.61	$ 0.53	$ 1.27	$ 1.05
Diluted earnings per share	$ 0.6	$ 0.52	$ 1.25	$ 1.03

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Comprehensive Income:
Net income	$ 7,509	$ 6,513	$ 15,601	$ 12,820
Other comprehensive income:
Net unrealized (loss) gain on securities available-for-sale	(420)	5,832	(10,194)	8,345
Tax effect	100	(2,167)	2,426	(3,100)
Reclassification adjustments for losses included in net income	55		42
Tax effect	(13)		(10)
Foreign currency translation adjustments	(109)	94	(70)	102
Total comprehensive income	$ 7,122	$ 10,272	$ 7,795	$ 18,167

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash Flows From Operating Activities:
Net income	$ 15,601	$ 12,820
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,822	5,471
Net losses on sales of securities	42
Stock-based compensation expense	1,477	1,097
Increase in income tax liability	1,637	748
Increase in pension liability	2,463	2,310
Decrease in accounts receivable	3,473	793
Other operating activities, net	(5,419)	(1,771)
Net cash provided by operating activities	25,096	21,468
Cash Flows From Investing Activities:
Proceeds from sales of securities available-for-sale	58,520
Proceeds from maturities of securities available-for-sale	17,374	25,694
Purchase of securities available-for-sale	(60,108)	(62,279)
Net increase in loans	(28,620)	(6,796)
Increase in payments in excess of funding	(14,733)	(6,088)
Purchases of premises and equipment, net	(2,800)	(1,935)
Net cash used in investing activities	(30,367)	(51,404)
Cash Flows From Financing Activities:
Net decrease in noninterest-bearing demand deposits	(16,185)	(12,714)
Net decrease in interest-bearing demand and savings deposits	(40,588)	(1,077)
Net increase (decrease) in time deposits	4,422	(3,131)
Net (decrease) increase in accounts and drafts payable	(36,538)	87,116
Cash dividends paid	(6,144)	(5,151)
Purchase of common shares for treasury	(1,408)
Other financing activities, net	(195)	(790)
Net cash (used in) provided by financing activities	(96,636)	64,253
Net (decrease) increase in cash and cash equivalents	(101,907)	34,317
Cash and cash equivalents at beginning of period	228,110	266,743
Cash and cash equivalents at end of period	126,203	301,060
Supplemental information:
Cash paid for interest	1,459	956
Cash paid for income taxes	$ 1,445	$ 3,152

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1 - Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation have been included. All share and per share data have been restated to give effect to the 10% stock dividend issued on December 15, 2017. Certain amounts in prior-period financial statements have been reclassified to conform to the current period’s presentation. For further information, refer to the audited consolidated financial statements and related footnotes included in Cass Information System, Inc.’s (the “Company” or “Cass”) Annual Report on Form 10-K for the year ended December 31, 2017 . On January 1, 2018, the Company adopted accounting standard ASC 606, Revenue from Contracts with Customers, and selected the modified retrospective transition method. The adoption of this new standard did not impact the Company’s results of operations or balance sheet and there was no cumulative effect of initially applying this new revenue standard to the opening balance of retained earnings. Since interest income on loans and securities are both excluded from this topic, a significant portion of the Company’s revenues are not subject to the new guidance. The services that fall within the scope of ASC 606 are presented within fee revenue and other income in the Consolidated Statements of Income and are recognized as revenue as the obligation to the customer is satisfied. Services within the scope of ASC 606 include transportation and facility payment and processing fees, bank service fees, and other real estate owned (“OREO”). Invoice processing and payment fees – The Company earns fees on a per-item basis for the services rendered on behalf of customers. Fees are earned over the course of a month, representing the period over with the performance obligation is satisfied. Bank service fees – Revenue from service fees consists of service charges and fees on deposit accounts under depository agreements with customers to provide access to deposited funds and, when applicable, pay interest on deposits. Service charges on deposit accounts are primarily all charges that are recognized on a monthly basis representing the period over which the performance obligation is satisfied. OREO – The Company currently does not have any OREO and has not in recent years. Net gains or losses would be recorded when other real estate is sold to a third party and substantially all of the consideration for the transfer of property is received.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 2 – Intangible Assets The Company accounts for intangible assets in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 350, “Goodwill and Other Intangible Assets,” (“FASB ASC 350”), which requires that intangibles with indefinite useful lives be tested annually for impairment and those with finite useful lives be amortized over their useful lives. Details of the Company’s intangible assets are as follows: June 30, 2018 December 31, 2017 Gross Carrying Accumulated Gross Carrying Accumulated (In thousands) Amount Amortization Amount Amortization Assets eligible for amortization: Customer lists $ 4,288 $ (2,887) $ 4,288 $ (2,702) Patents 72 (14) 72 (12) Non-compete agreements 332 (308) 332 (291) Software 234 (234) 234 (234) Other 500 (208) 500 (191) Unamortized intangible assets: Goodwill 1 12,796 (227) 12,796 (227) Total intangible assets $ 18,222 $ (3,878) $ 18,222 $ (3,657) 1 The customer lists are amortized over seven and ten years; the patents over 18 years; the non-compete agreements over two and five years; software over three years; and other intangible assets over 15 years. Amortization of intangible assets amounted to $221,000 and $207,000 for the six-month periods ended June 30, 2018 and 2017, respectively. Estimated annual amortization of intangibles is as follows: $442,000 in 2018, $412,000 in 2019, $406,000 in each of 2020 and 2021, and $88,000 in 2022.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Note 3 – Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the sum of the weighted-average number of common shares outstanding and the weighted-average number of potential common shares outstanding. There were no anti-dilutive shares in the three and six months ended June 30, 2018 and 2017. The calculations of basic and diluted earnings per share are as follows: Three Months Ended Six Months Ended June 30, June 30, (In thousands except share and per share data) 2018 2017 2018 2017 Basic Net income $ 7,509 $ 6,513 $ 15,601 $ 12,820 Weighted-average common shares outstanding 12,239,901 12,268,481 12,236,478 12,260,515 Basic earnings per share $ .61 $ .53 $ 1.27 $ 1.05 Diluted Net income $ 7,509 $ 6,513 $ 15,601 $ 12,820 Weighted-average common shares outstanding 12,239,901 12,268,481 12,236,478 12,260,515 Effect of dilutive restricted stock and stock appreciation rights 205,281 181,009 197,227 180,180 Weighted-average common shares outstanding assuming dilution 12,445,182 12,449,490 12,433,705 12,440,695 Diluted earnings per share $ .60 $ .52 $ 1.25 $ 1.03

Stock Repurchases

Stock Repurchases	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Stock Repurchases	Note 4 – Stock Repurchases The Company maintains a treasury stock buyback program pursuant to which the Board of Directors has authorized the repurchase of up to 500,000 shares of the Company’s common stock. As restored by the Board of Directors on October 24, 2017, the program provides that the Company may repurchase up to an aggregate of 500,000 shares of common stock and has no expiration date. The Company repurchased 6,000 and 0 shares during the three-month periods and 15,547 and 0 shares for the six-month periods ended June 30, 2018 and 2017, respectively. As of June 30, 2018, 484,453 shares remained available for repurchase under the program. Repurchases may be made in the open market or through negotiated transactions from time to time depending on market conditions.

Industry Segment Information

Industry Segment Information	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Industry Segment Information	Note 5 – Industry Segment Information The services provided by the Company are classified into two reportable segments: Information Services and Banking Services. Each of these segments provides distinct services that are marketed through different channels. They are managed separately due to their unique service and processing requirements. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. The Banking Services segment provides banking services primarily to privately held businesses and churches as well as supporting the banking needs of the Information Services segment. The Company’s accounting policies for segments are the same as those described in the summary of significant accounting policies in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017. Management evaluates segment performance based on tax-equivalized (as defined in the footnote to the chart on the following table) pre-tax income after allocations for corporate expenses. Transactions between segments are accounted for at what management believes to be fair value. Substantially all revenue originates from, and all long-lived assets are located within the United States, and no revenue from any customer of any segment exceeds 10% of the Company’s consolidated revenue. Funding sources represent average balances and deposits generated by Information Services and Banking Services and there is no allocation methodology used. Segment interest income is a function of the relative share of average funding sources generated by each segment multiplied by the following rates: ● Information Services – one or more fixed rates depending upon the specific characteristics of the funding source, and ● Banking Services – a variable rate that is based upon the overall performance of the Company’s earning assets. Any difference between total segment interest income and overall total Company interest income is included in Corporate, Eliminations, and Other. Summarized information about the Company’s operations in each industry segment is as follows: Corporate, Information Banking Eliminations (In thousands) Services Services and Other Total Three Months Ended June 30, 2018 Fee income from customers $ 25,262 $ 318 $ 60 $ 25,640 Interest income* 5,334 5,735 1,068 12,137 Interest expense – 794 – 794 Intersegment income (expense) – 486 (486) – Tax-equivalized pre-tax income* 6,068 2,851 601 9,520 Goodwill 12,433 136 – 12,569 Other intangible assets, net 1,775 – – 1,775 Total Assets 807,571 806,560 (43,826) 1,570,305 Funding Sources 617,287 553,237 – 1,170,524 Three Months Ended June 30, 2017 Fee income from customers $ 23,321 $ 355 $ 124 $ 23,800 Interest income* 5,043 5,823 916 11,782 Interest expense – 470 – 470 Intersegment income (expense) – 323 (323) – Tax-equivalized pre-tax income* 6,360 3,286 565 10,211 Goodwill 12,433 136 – 12,569 Other intangible assets, net 2,217 – – 2,217 Total Assets 863,562 742,659 (12,939) 1,593,282 Funding Sources 594,102 579,705 – 1,173,807 Six Months Ended June 30, 2018 Fee income from customers $ 50,134 $ 694 $ 186 $ 51,014 Interest income* 10,850 11,486 1,777 24,113 Interest expense – 1,473 – 1,473 Intersegment income (expense) – 948 (948) – Tax-equivalized pre-tax income* 12,802 6,276 930 20,008 Goodwill 12,433 136 – 12,569 Other intangible assets, net 1,775 – – 1,775 Total Assets 807,571 806,560 (43,826) 1,570,305 Funding Sources 631,022 574,419 – 1,205,441 Six Months Ended June 30, 2017 Fee income from customers $ 45,645 $ 679 $ 247 $ 46,571 Interest income* 9,772 11,708 1,722 23,202 Interest expense – 950 – 950 Intersegment income (expense) – 623 (623) – Tax-equivalized pre-tax income* 11,816 6,742 1,046 19,604 Goodwill 12,433 136 – 12,569 Other intangible assets, net 2,217 – – 2,217 Total Assets 863,562 742,659 (12,939) 1,593,282 Funding Sources 579,321 589,823 – 1,169,144 * Presented on a tax-equivalent basis assuming a tax rate of 21% for 2018 and 35% for 2017. The tax-equivalent adjustment was approximately $624,000 and $1,450,000 for the Second Quarter of 2018 and 2017, respectively, and $1,311,000 and $2,871,000 for the First Half of 2018 and 2017, respectively.

Loans by Type

Loans by Type	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Loans by Type	Note 6 – Loans by Type A summary of loan categories is as follows: June 30, December 31, (In thousands) 2018 2017 Commercial and industrial $ 257,236 $ 236,394 Real estate Commercial: Mortgage 88,887 94,675 Construction 21,347 9,359 Church, church-related: Mortgage 310,402 316,073 Construction 35,212 25,948 Industrial revenue bonds 1,739 3,374 Other 38 408 Total loans $ 714,861 $ 686,231 The following table presents the aging of loans by loan categories at June 30, 2018 and December 31, 2017: Performing Nonperforming 90 Days 30-59 60-89 and Non- Total (In thousands) Current Days Days Over accrual Loans June 30, 2018 Commercial and industrial $ 257,236 $ — $ — $ — $ — $ 257,236 Real estate Commercial: Mortgage 88,887 — — — — 88,887 Construction 21,347 — — — — 21,347 Church, church-related: Mortgage 310,402 — — — — 310,402 Construction 35,212 — — — — 35,212 Industrial revenue bonds 1,739 — — — — 1,739 Other 38 — — — — 38 Total $ 714,861 $ — $ — $ — $ — $ 714,861 December 31, 2017 Commercial and industrial $ 236,394 $ — $ — $ — $ — $ 236,394 Real estate Commercial: Mortgage 94,675 — — — — 94,675 Construction 9,359 — — — — 9,359 Church, church-related: Mortgage 316,073 — — — — 316,073 Construction 25,948 — — — — 25,948 Industrial revenue bonds 3,374 — — — — 3,374 Other 408 — — — — 408 Total $ 686,231 $ — $ — $ — $ — $ 686,231 The following table presents the credit exposure of the loan portfolio by internal credit grade as of June 30, 2018 and December 31, 2017: Loans Performing Nonperforming Subject to Loans Subject to Loans Subject Normal Special to Special (In thousands) Monitoring 1 Monitoring 2 Monitoring 2 Total Loans June 30, 2018 Commercial and industrial $ 256,231 $ 1,005 $ — $ 257,236 Real estate Commercial: Mortgage 88,715 172 — 88,887 Construction 21,347 — — 21,347 Church, church-related: Mortgage 310,315 87 — 310,402 Construction 35,212 — — 35,212 Industrial revenue bonds 1,739 — — 1,739 Other 38 — — 38 Total $ 713,597 $ 1,264 $ — $ 714,861 December 31, 2017 Commercial and industrial $ 234,271 $ 2,123 $ — $ 236,394 Real estate Commercial: Mortgage 93,788 887 — 94,675 Construction 9,359 — — 9,359 Church, church-related: Mortgage 316,042 31 — 316,073 Construction 25,948 — — 25,948 Industrial revenue bonds 3,374 — — 3,374 Other 408 — — 408 Total $ 683,190 $ 3,041 $ — $ 686,231 1 Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligations. 2 Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention. Impaired loans consist primarily of nonaccrual loans, loans greater than 90 days past due and still accruing interest and troubled debt restructurings, both performing and nonperforming. Troubled debt restructuring involves the granting of a concession to a borrower experiencing financial difficulty resulting in the modification of terms of the loan, such as changes in payment schedule or interest rate. Management measures impairment in accordance with FASB ASC 310, “Allowance for Credit Losses.” There were no impaired loans, loans delinquent 90 days or more and still accruing, or loans classified as troubled debt restructuring at June 30, 2018 and December 31, 2017. There were no foreclosed loans recorded as other real estate owned as of June 30, 2018 and December 31, 2017. A summary of the activity in the allowance for loan losses from December 31, 2017 to June 30, 2018 is as follows: December 31, Charge- June 30, (In thousands) 2017 Offs Recoveries Provision 2018 Commercial and industrial $ 3,652 $ — $ 10 $ 311 $ 3,973 Real estate Commercial: Mortgage 1,394 — — (80) 1,314 Construction 70 — — 90 160 Church, church-related: Mortgage 3,962 — — (71) 3,891 Construction 196 — — 68 264 Industrial revenue bonds 52 — — (25) 27 Other 879 — — (293) 586 Total $ 10,205 $ — $ 10 $ — $ 10,215 A summary of the activity in the allowance for loan losses from December 31, 2016 to June 30, 2017 is as follows: December 31, Charge- June 30, (In thousands) 2016 Offs Recoveries Provision 2017 Commercial and industrial $ 3,261 $ — $ 21 $ 144 $ 3,426 Real estate Commercial: Mortgage 1,662 — — (164) 1,498 Construction 47 — — 16 63 Church, church-related: Mortgage 4,027 — — 61 4,088 Construction 85 — — 8 93 Industrial revenue bonds 101 — — (25) 76 Other 992 — — (40) 952 Total $ 10,175 $ — $ 21 $ — $ 10,196

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 7 – Commitments and Contingencies In the normal course of business, the Company is party to activities that contain credit, market and operational risks that are not reflected in whole or in part in the Company’s consolidated financial statements. Such activities include traditional off-balance sheet credit-related financial instruments and commitments under operating leases. These financial instruments include commitments to extend credit, commercial letters of credit and standby letters of credit. The Company’s maximum potential exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit, commercial letters of credit and standby letters of credit is represented by the contractual amounts of those instruments. At June 30, 2018 and December 31, 2017, no amounts have been accrued for any estimated losses for these instruments. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commercial and standby letters of credit are conditional commitments issued by the Company or its subsidiaries to guarantee the performance of a customer to a third party. These off-balance sheet financial instruments generally have fixed expiration dates or other termination clauses and may require payment of a fee. At June 30, 2018, the balance of unused loan commitments, standby and commercial letters of credit were $65,586,000, $13,088,000, and $3,836,000, respectively. Since some of the financial instruments may expire without being drawn upon, the total amounts do not necessarily represent future cash requirements. Commitments to extend credit and letters of credit are subject to the same underwriting standards as those financial instruments included on the consolidated balance sheets. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary upon extension of the credit, is based on management’s credit evaluation of the borrower. Collateral held varies, but is generally accounts receivable, inventory, residential or income-producing commercial property or equipment. In the event of nonperformance, the Company or its subsidiaries may obtain and liquidate the collateral to recover amounts paid under guarantees on these financial instruments. The following table summarizes contractual cash obligations of the Company related to operating lease commitments and time deposits at June 30, 2018: Amount of Commitment Expiration per Period Less than 1-3 3-5 Over 5 (In thousands) Total 1 Year Years Years Years Operating lease commitments $ 10,420 $ 1,603 $ 3,517 $ 2,744 $ 2,556 Time deposits 56,920 46,227 8,235 2,458 — Total $ 67,340 $ 47,830 $ 11,752 $ 5,202 $ 2,556 The Company and its subsidiaries are involved in various pending legal actions and proceedings in which claims for damages are asserted. Management, after discussion with legal counsel, believes the ultimate resolution of these legal actions and proceedings will not have a material effect upon the Company’s consolidated financial position or results of operations.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Note 8 – Stock-Based Compensation The Amended and Restated Omnibus Stock and Performance Compensation Plan (the “Omnibus Plan”) permits the issuance of up to 1,500,000 shares of the Company’s common stock in the form of stock options, stock appreciation rights (“SARs”), restricted stock, restricted stock units and performance awards. The Company may issue shares out of treasury stock for these awards. During the six months ended June 30, 2018, 27,037 restricted shares, 28,388 performance-based restricted shares, and 0 SARs were granted under the Omnibus Plan. Restricted Stock Beginning on April 16, 2013, restricted shares granted to Company employees are amortized to expense over a three-year vesting period whereas restricted shares granted to members of the Board of Directors are amortized to expense over a one-year service period, with the exception of those shares granted in lieu of cash payments for retainer fees which are expensed in the period earned. Beginning on February 2, 2017, restricted shares granted to Company employees are amortized to expense over the three-year cliff vesting period. As of June 30, 2018, the total unrecognized compensation expense related to non-vested restricted shares was $2,082,000, and the related weighted-average period over which it is expected to be recognized is approximately 1.07 years. Following is a summary of the activity of the restricted stock: Six Months Ended June 30, 2018 Shares Fair Value Balance at December 31, 2017 78,166 $ 50.30 Granted 27,037 59.27 Vested (23,758) 46.83 Balance at June 30, 2018 81,445 $ 54.29 Performance-Based Restricted Stock In February of 2017, the Company granted three-year performance based restricted stock (“PBRS”) awards which are contingent upon the Company’s achievement of pre-established financial goals over the period from January 1, 2017 through December 31, 2019. The PBRS awards cliff vest on the three year anniversary of their grant date at levels ranging from 0% to 150% of the target opportunity based on the actual achievement of financial goals for the three-year performance period. The aggregate target number of PBRS shares granted was 25,342 with an average grant date fair value of $59.20 per share. The 2018 expense related to these grants is currently estimated to be $690,000 and is based on the grant date fair value of the awards and the Company’s achievement of 132% of the target financial goals. The estimated expense for 2018 and each future period through the vesting date is subject to prospective adjustment based upon changes in the expected achievement of the financial goals. In February of 2018, the Company granted three-year PBRS awards which are contingent upon the Company’s achievement of pre-established financial goals over the period from January 1, 2018 through December 31, 2020. The PBRS awards cliff vest on the three year anniversary of their grant date at levels ranging from 0% to 150% of the target opportunity based on the actual achievement of financial goals for the three-year performance period. The aggregate target number of PBRS shares granted was 28,388 with an average grant date fair value of $58.35 per share. The 2018 expense related to these grants is currently estimated to be $729,000 and is based on the grant date fair value of the awards and the Company’s achievement of 144% of the target financial goals. The estimated expense for 2018 and each future period through the vesting date is subject to prospective adjustment based upon changes in the expected achievement of the financial goals. SARs There were no SARs granted and no expense recognized during the six months ended June 30, 2018. Following is a summary of the activity of the Company’s SARs program for the six-month period ended June 30, 2018: Weighted- Average Aggregate Average Remaining Intrinsic Exercise Contractual Value Shares Price Term Years (In thousands) Outstanding at December 31, 2017 234,236 $ 34.97 5.03 $ 7,291 Exercised (15,271) 22.73 Outstanding at June 30, 2018 218,965 35.83 3.94 6,629 Exercisable at June 30, 2018 218,965 $ 35.83 3.94 $ 6,629 There were no non-vested SARs at June 30, 2018.

Defined Pension Plans

Defined Pension Plans	6 Months Ended
	Jun. 30, 2018
Retirement Benefits [Abstract]
Defined Pension Plans	Note 9 – Defined Pension Plans The Company has a noncontributory defined-benefit pension plan, which covers most of its employees. Effective December 31, 2016, the Plan was closed to all new participants. The Company accrues and makes contributions designed to fund normal service costs on a current basis using the projected unit credit with service proration method to amortize prior service costs arising from improvements in pension benefits and qualifying service prior to the establishment of the plan over a period of approximately 30 years. Disclosure information is based on a measurement date of December 31 of the corresponding year. The following table represents the components of the net periodic pension costs: Estimated Actual (In thousands) 2018 2017 Service cost – benefits earned during the year $ 4,294 $ 3,733 Interest cost on projected benefit obligations 3,655 3,621 Expected return on plan assets (5,206) (4,681) Net amortization and deferral 1,409 1,382 Net periodic pension cost $ 4,152 $ 4,055 Pension costs recorded to expense were $1,049,000 and $1,017,000 for the three-month periods ended June 30, 2018 and 2017, respectively and $2,098,000 and $2,037,000 for the six-month periods ended June 30, 2018 and 2017, respectively. Pension costs increased in 2018 primarily due to a decrease in the discount rate. The Company made no contribution to the plan during the six-month period ended June 30, 2018 and is evaluating the amount of additional contributions, if any, in the remainder of 2018. In addition to the above funded benefit plan, the Company has an unfunded supplemental executive retirement plan which covers key executives of the Company. This is a noncontributory plan in which the Company and its subsidiaries make accruals designed to fund normal service costs on a current basis using the same method and criteria as its defined benefit plan. The following table represents the components of the net periodic pension costs for 2017 and an estimate for 2018: Estimated Actual (In thousands) 2018 2017 Service cost – benefits earned during the year $ 92 $ 143 Interest cost on projected benefit obligation 348 360 Net amortization 581 324 Net periodic pension cost $ 1,021 $ 827 Pension costs recorded to expense were $256,000 and $209,000 for the three-month periods ended June 30, 2018 and 2017, respectively, and were $511,000 and $418,000 for the six-month periods ended June 30, 2018 and 2017, respectively.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Note 10 – Income Taxes As of June 30, 2018, the Company’s unrecognized tax benefits were approximately $1,836,000, of which $1,669,000 would, if recognized, affect the Company’s effective tax rate. As of December 31, 2017, the Company’s unrecognized tax benefits were approximately $1,632,000, of which $1,464,000 would, if recognized, affect the Company’s effective tax rate. During the next 12 months, the Company may realize a reduction of its unrecognized tax benefits of approximately $313,000 due to the lapse of federal and state statutes of limitations. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense. The Company had $173,000 and $139,000 of gross interest accrued as of June 30, 2018 and December 31, 2017, respectively. There were no penalties for unrecognized tax benefits accrued at June 30, 2018 and December 31, 2017. The Company is subject to income tax in the U.S. federal jurisdiction and numerous state jurisdictions. U.S. federal income tax returns for tax years 2014 through 2016 remain subject to examination by the Internal Revenue Service. In addition, the Company is subject to state tax examinations for the tax years 2013 through 2016. On December 22, 2017, the Tax Cuts and Jobs Act (“TCJA”) was enacted. Among other things, the new law (i) establishes a new, flat corporate federal statutory income tax rate of 21% beginning January 1, 2018; (ii) eliminates the corporate alternative minimum tax and allows the use of any such carryforwards to offset regular tax liability for any taxable year; (iii) limits the deduction for net interest expense incurred by U.S. corporations; (iv) allows businesses to immediately expense, for tax purposes, the cost of new investments in certain qualified depreciable assets; (v) eliminates or reduces certain deductions related to meals and entertainment expenses; (vi) modifies the limitation on excessive employee remuneration to eliminate the exception for performance-based compensation and clarifies the definition of a covered employee; and (vii) limits the deductibility of deposit insurance premiums. The TCJA also significantly changes U.S. tax law related to foreign operations, though, such changes do not currently impact the Company on a significant level.

Investment in Securities

Investment in Securities	6 Months Ended
	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Investment in Securities	Note 11 – Investment in Securities Investment securities available-for-sale are recorded at fair value on a recurring basis. The Company’s investment securities available-for-sale are measured at fair value using Level 2 valuations. The market evaluation utilizes several sources which include “observable inputs” rather than “significant unobservable inputs” and therefore fall into the Level 2 category. The amortized cost, gross unrealized gains, gross unrealized losses and fair value of investment securities are summarized as follows: June 30, 2018 Gross Gross Amortized Unrealized Unrealized (In thousands) Cost Gains Losses Fair Value State and political subdivisions $ 343,850 $ 3,276 $ 3,441 $ 343,685 U.S. government agencies 91,778 8 1,848 89,938 Certificates of deposit 7,240 – – 7,240 Total $ 442,868 $ 3,284 $ 5,289 $ 440,863 December 31, 2017 Gross Gross Amortized Unrealized Unrealized (In thousands) Cost Gains Losses Fair Value State and political subdivisions $ 408,165 $ 9,528 $ 661 $ 417,032 U.S. government agencies 46,222 – 722 45,500 Certificates of deposit 7,991 – – 7,991 Total $ 462,378 $ 9,528 $ 1,383 $ 470,523 The fair values of securities with unrealized losses are as follows: June 30, 2018 Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (In thousands) Fair Value Losses Fair Value Losses Fair Value Losses State and political subdivisions $ 156,545 $ 2,140 $ 30,194 $ 1,301 $ 186,739 $ 3,441 U.S. government agencies 71,861 1,245 10,322 603 82,183 1,848 Total $ 228,406 $ 3,385 $ 40,516 $ 1,904 $ 268,922 $ 5,289 December 31, 2017 Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (In thousands) Fair Value Losses Fair Value Losses Fair Value Losses State and political subdivisions $ 34,755 $ 123 $ 31,251 $ 538 $ 66,006 $ 661 U.S. government agencies 34,183 376 11,317 346 45,500 722 Total $ 68,938 $ 499 $ 42,568 $ 884 $ 111,506 $ 1,383 There were 163 securities, or 49% of the total (24 greater than 12 months), in an unrealized loss position as of June 30, 2018. There were 64 securities, or 17% of the total (24 greater than 12 months), in an unrealized loss position as of December 31, 2017. All unrealized losses were reviewed to determine whether the losses were other than temporary. Management believes that all unrealized losses are temporary since they were market driven, and it is more likely than not that the Company will not be required to sell prior to recovery of the amortized basis. The amortized cost and fair value of investment securities by contractual maturity are shown in the following table. Expected maturities may differ from contractual maturities because borrowers have the right to prepay obligations with or without prepayment penalties. June 30, 2018 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 16,570 $ 16,678 Due after 1 year through 5 years 102,182 102,497 Due after 5 years through 10 years 216,399 217,126 Due after 10 years 107,717 104,562 Total $ 442,868 $ 440,863 Proceeds from sales of investment securities classified as available-for-sale were $48,977,000 and $0 for the three months ended June 30, 2018 and 2017, respectively, and were $58,520,000 and $0 for the six months ended June 30, 2018 and 2017, respectively. Gross realized losses were $55,000 and $0 for the three months ended June 30, 2018 and 2017, respectively, and were $42,000 and $0 for the six months ended June 30, 2018 and 2017, respectively. There was one security totaling $3,750,000 pledged to secure public deposits and for other purposes at June 30, 2018.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 12 – Fair Value of Financial Instruments Following is a summary of the carrying amounts and fair values of the Company’s financial instruments: June 30, 2018 December 31, 2017 Carrying Carrying (In thousands) Amount Fair Value Amount Fair Value Balance sheet assets: Cash and cash equivalents $ 126,203 $ 126,203 $ 228,110 $ 228,110 Investment securities 440,863 440,863 470,523 470,523 Loans, net 704,646 697,745 676,026 675,020 Accrued interest receivable 6,834 6,834 7,413 7,413 Total $ 1,278,546 $ 1,271,645 $ 1,382,072 $ 1,381,066 Balance sheet liabilities: Deposits $ 625,737 $ 622,973 $ 678,088 $ 678,346 Accounts and drafts payable 673,704 673,704 661,888 661,888 Accrued interest payable 70 70 55 55 Total $ 1,299,511 $ 1,296,747 $ 1,340,031 $ 1,340,289 The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: Cash and Cash Equivalents – The carrying amount approximates fair value. Investment in Securities – The fair value is measured on a recurring basis using Level 2 valuations. Refer to Note 11, “Investment in Securities,” for fair value and unrealized gains and losses by investment type. Loans – The fair value is estimated using present values of future cash flows discounted at risk-adjusted interest rates for each loan category designated by management and is therefore a Level 3 valuation. Management believes that the risk factor embedded in the interest rates along with the allowance for loan losses result in a fair valuation. The estimated fair values of loans disclosed above as of June 30, 2018 follow the guidance in ASU 2016-01 which prescribes an exit price approach in estimating and disclosing fair value. Impaired loans are valued using the expected cash flow method or fair value of the collateral which is based upon an observable market price or a current appraised value and therefore, the fair value is a nonrecurring Level 3 valuation. Accrued Interest Receivable – The carrying amount approximates fair value. Deposits – The fair value of demand deposits, savings deposits and certain money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities and therefore, is a Level 2 valuation. The fair value estimates above do not include the benefit that results from the low-cost funding provided by the deposit liabilities compared to the cost of borrowing funds in the market or the benefit derived from the customer relationship inherent in existing deposits. Accounts and Drafts Payable – The carrying amount approximates fair value. Accrued Interest – The carrying amount approximates fair value. There were no transfers between Levels 1 and 2 of the fair value hierarchy for the six months ended June 30, 2018 and 2017. No financial instruments are measured using Level 3 inputs for the six months ended June 30, 2018 and 2017.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	Note 13 – Subsequent Events In accordance with FASB ASC 855, “Subsequent Events,” the Company has evaluated subsequent events after the consolidated balance sheet date of June 30, 2018, and there were no events identified that would require additional disclosures to prevent the Company’s unaudited consolidated financial statements from being misleading.

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Company's Intangible Assets	Details of the Company’s intangible assets are as follows: June 30, 2018 December 31, 2017 Gross Carrying Accumulated Gross Carrying Accumulated (In thousands) Amount Amortization Amount Amortization Assets eligible for amortization: Customer lists $ 4,288 $ (2,887) $ 4,288 $ (2,702) Patents 72 (14) 72 (12) Non-compete agreements 332 (308) 332 (291) Software 234 (234) 234 (234) Other 500 (208) 500 (191) Unamortized intangible assets: Goodwill 1 12,796 (227) 12,796 (227) Total intangible assets $ 18,222 $ (3,878) $ 18,222 $ (3,657) 1

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The calculations of basic and diluted earnings per share are as follows: Three Months Ended Six Months Ended June 30, June 30, (In thousands except share and per share data) 2018 2017 2018 2017 Basic Net income $ 7,509 $ 6,513 $ 15,601 $ 12,820 Weighted-average common shares outstanding 12,239,901 12,268,481 12,236,478 12,260,515 Basic earnings per share $ .61 $ .53 $ 1.27 $ 1.05 Diluted Net income $ 7,509 $ 6,513 $ 15,601 $ 12,820 Weighted-average common shares outstanding 12,239,901 12,268,481 12,236,478 12,260,515 Effect of dilutive restricted stock and stock appreciation rights 205,281 181,009 197,227 180,180 Weighted-average common shares outstanding assuming dilution 12,445,182 12,449,490 12,433,705 12,440,695 Diluted earnings per share $ .60 $ .52 $ 1.25 $ 1.03

Industry Segment Information (T

Industry Segment Information (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Summary of Company's Operations in Each Segment	Summarized information about the Company’s operations in each industry segment is as follows: Corporate, Information Banking Eliminations (In thousands) Services Services and Other Total Three Months Ended June 30, 2018 Fee income from customers $ 25,262 $ 318 $ 60 $ 25,640 Interest income* 5,334 5,735 1,068 12,137 Interest expense – 794 – 794 Intersegment income (expense) – 486 (486) – Tax-equivalized pre-tax income* 6,068 2,851 601 9,520 Goodwill 12,433 136 – 12,569 Other intangible assets, net 1,775 – – 1,775 Total Assets 807,571 806,560 (43,826) 1,570,305 Funding Sources 617,287 553,237 – 1,170,524 Three Months Ended June 30, 2017 Fee income from customers $ 23,321 $ 355 $ 124 $ 23,800 Interest income* 5,043 5,823 916 11,782 Interest expense – 470 – 470 Intersegment income (expense) – 323 (323) – Tax-equivalized pre-tax income* 6,360 3,286 565 10,211 Goodwill 12,433 136 – 12,569 Other intangible assets, net 2,217 – – 2,217 Total Assets 863,562 742,659 (12,939) 1,593,282 Funding Sources 594,102 579,705 – 1,173,807 Six Months Ended June 30, 2018 Fee income from customers $ 50,134 $ 694 $ 186 $ 51,014 Interest income* 10,850 11,486 1,777 24,113 Interest expense – 1,473 – 1,473 Intersegment income (expense) – 948 (948) – Tax-equivalized pre-tax income* 12,802 6,276 930 20,008 Goodwill 12,433 136 – 12,569 Other intangible assets, net 1,775 – – 1,775 Total Assets 807,571 806,560 (43,826) 1,570,305 Funding Sources 631,022 574,419 – 1,205,441 Six Months Ended June 30, 2017 Fee income from customers $ 45,645 $ 679 $ 247 $ 46,571 Interest income* 9,772 11,708 1,722 23,202 Interest expense – 950 – 950 Intersegment income (expense) – 623 (623) – Tax-equivalized pre-tax income* 11,816 6,742 1,046 19,604 Goodwill 12,433 136 – 12,569 Other intangible assets, net 2,217 – – 2,217 Total Assets 863,562 742,659 (12,939) 1,593,282 Funding Sources 579,321 589,823 – 1,169,144 * Presented on a tax-equivalent basis assuming a tax rate of 21% for 2018 and 35% for 2017. The tax-equivalent adjustment was approximately $624,000 and $1,450,000 for the Second Quarter of 2018 and 2017, respectively, and $1,311,000 and $2,871,000 for the First Half of 2018 and 2017, respectively.

Loans by Type (Tables)

Loans by Type (Tables)	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Summary of Loan Categories	A summary of loan categories is as follows: June 30, December 31, (In thousands) 2018 2017 Commercial and industrial $ 257,236 $ 236,394 Real estate Commercial: Mortgage 88,887 94,675 Construction 21,347 9,359 Church, church-related: Mortgage 310,402 316,073 Construction 35,212 25,948 Industrial revenue bonds 1,739 3,374 Other 38 408 Total loans $ 714,861 $ 686,231
Schedule of the Aging Loans by Loan Categories	The following table presents the aging of loans by loan categories at June 30, 2018 and December 31, 2017: Performing Nonperforming 90 Days 30-59 60-89 and Non- Total (In thousands) Current Days Days Over accrual Loans June 30, 2018 Commercial and industrial $ 257,236 $ — $ — $ — $ — $ 257,236 Real estate Commercial: Mortgage 88,887 — — — — 88,887 Construction 21,347 — — — — 21,347 Church, church-related: Mortgage 310,402 — — — — 310,402 Construction 35,212 — — — — 35,212 Industrial revenue bonds 1,739 — — — — 1,739 Other 38 — — — — 38 Total $ 714,861 $ — $ — $ — $ — $ 714,861 December 31, 2017 Commercial and industrial $ 236,394 $ — $ — $ — $ — $ 236,394 Real estate Commercial: Mortgage 94,675 — — — — 94,675 Construction 9,359 — — — — 9,359 Church, church-related: Mortgage 316,073 — — — — 316,073 Construction 25,948 — — — — 25,948 Industrial revenue bonds 3,374 — — — — 3,374 Other 408 — — — — 408 Total $ 686,231 $ — $ — $ — $ — $ 686,231
Schedule of Credit Exposure of the Loan Portfolio	The following table presents the credit exposure of the loan portfolio by internal credit grade as of June 30, 2018 and December 31, 2017: Loans Performing Nonperforming Subject to Loans Subject to Loans Subject Normal Special to Special (In thousands) Monitoring 1 Monitoring 2 Monitoring 2 Total Loans June 30, 2018 Commercial and industrial $ 256,231 $ 1,005 $ — $ 257,236 Real estate Commercial: Mortgage 88,715 172 — 88,887 Construction 21,347 — — 21,347 Church, church-related: Mortgage 310,315 87 — 310,402 Construction 35,212 — — 35,212 Industrial revenue bonds 1,739 — — 1,739 Other 38 — — 38 Total $ 713,597 $ 1,264 $ — $ 714,861 December 31, 2017 Commercial and industrial $ 234,271 $ 2,123 $ — $ 236,394 Real estate Commercial: Mortgage 93,788 887 — 94,675 Construction 9,359 — — 9,359 Church, church-related: Mortgage 316,042 31 — 316,073 Construction 25,948 — — 25,948 Industrial revenue bonds 3,374 — — 3,374 Other 408 — — 408 Total $ 683,190 $ 3,041 $ — $ 686,231 1 Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligations. 2 Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.
Summary of the Allowance for Loan Losses	A summary of the activity in the allowance for loan losses from December 31, 2017 to June 30, 2018 is as follows: December 31, Charge- June 30, (In thousands) 2017 Offs Recoveries Provision 2018 Commercial and industrial $ 3,652 $ — $ 10 $ 311 $ 3,973 Real estate Commercial: Mortgage 1,394 — — (80) 1,314 Construction 70 — — 90 160 Church, church-related: Mortgage 3,962 — — (71) 3,891 Construction 196 — — 68 264 Industrial revenue bonds 52 — — (25) 27 Other 879 — — (293) 586 Total $ 10,205 $ — $ 10 $ — $ 10,215 A summary of the activity in the allowance for loan losses from December 31, 2016 to June 30, 2017 is as follows: December 31, Charge- June 30, (In thousands) 2016 Offs Recoveries Provision 2017 Commercial and industrial $ 3,261 $ — $ 21 $ 144 $ 3,426 Real estate Commercial: Mortgage 1,662 — — (164) 1,498 Construction 47 — — 16 63 Church, church-related: Mortgage 4,027 — — 61 4,088 Construction 85 — — 8 93 Industrial revenue bonds 101 — — (25) 76 Other 992 — — (40) 952 Total $ 10,175 $ — $ 21 $ — $ 10,196

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Summary of Contractual Cash Obligation of Operating Lease Commitments	The following table summarizes contractual cash obligations of the Company related to operating lease commitments and time deposits at June 30, 2018: Amount of Commitment Expiration per Period Less than 1-3 3-5 Over 5 (In thousands) Total 1 Year Years Years Years Operating lease commitments $ 10,420 $ 1,603 $ 3,517 $ 2,744 $ 2,556 Time deposits 56,920 46,227 8,235 2,458 — Total $ 67,340 $ 47,830 $ 11,752 $ 5,202 $ 2,556

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Restricted Stock Activity	Following is a summary of the activity of the restricted stock: Six Months Ended June 30, 2018 Shares Fair Value Balance at December 31, 2017 78,166 $ 50.30 Granted 27,037 59.27 Vested (23,758) 46.83 Balance at June 30, 2018 81,445 $ 54.29
Summary of SARs Activity	There were no SARs granted and no expense recognized during the six months ended June 30, 2018. Following is a summary of the activity of the Company’s SARs program for the six-month period ended June 30, 2018: Weighted- Average Aggregate Average Remaining Intrinsic Exercise Contractual Value Shares Price Term Years (In thousands) Outstanding at December 31, 2017 234,236 $ 34.97 5.03 $ 7,291 Exercised (15,271) 22.73 Outstanding at June 30, 2018 218,965 35.83 3.94 6,629 Exercisable at June 30, 2018 218,965 $ 35.83 3.94 $ 6,629

Defined Pension Plans (Tables)

Defined Pension Plans (Tables)	6 Months Ended
	Jun. 30, 2018
Retirement Benefits [Abstract]
Schedule of Net Periodic Pension Costs	The following table represents the components of the net periodic pension costs: Estimated Actual (In thousands) 2018 2017 Service cost – benefits earned during the year $ 4,294 $ 3,733 Interest cost on projected benefit obligations 3,655 3,621 Expected return on plan assets (5,206) (4,681) Net amortization and deferral 1,409 1,382 Net periodic pension cost $ 4,152 $ 4,055
Schedule of Unfunded Supplemental Executive Retirement Plan	The following table represents the components of the net periodic pension costs for 2017 and an estimate for 2018: Estimated Actual (In thousands) 2018 2017 Service cost – benefits earned during the year $ 92 $ 143 Interest cost on projected benefit obligation 348 360 Net amortization 581 324 Net periodic pension cost $ 1,021 $ 827

Investment in Securities (Table

Investment in Securities (Tables)	6 Months Ended
	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities	The amortized cost, gross unrealized gains, gross unrealized losses and fair value of investment securities are summarized as follows: June 30, 2018 Gross Gross Amortized Unrealized Unrealized (In thousands) Cost Gains Losses Fair Value State and political subdivisions $ 343,850 $ 3,276 $ 3,441 $ 343,685 U.S. government agencies 91,778 8 1,848 89,938 Certificates of deposit 7,240 – – 7,240 Total $ 442,868 $ 3,284 $ 5,289 $ 440,863 December 31, 2017 Gross Gross Amortized Unrealized Unrealized (In thousands) Cost Gains Losses Fair Value State and political subdivisions $ 408,165 $ 9,528 $ 661 $ 417,032 U.S. government agencies 46,222 – 722 45,500 Certificates of deposit 7,991 – – 7,991 Total $ 462,378 $ 9,528 $ 1,383 $ 470,523
Schedule of the Fair Value of Securities with Unrealized Losses	The fair values of securities with unrealized losses are as follows: June 30, 2018 Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (In thousands) Fair Value Losses Fair Value Losses Fair Value Losses State and political subdivisions $ 156,545 $ 2,140 $ 30,194 $ 1,301 $ 186,739 $ 3,441 U.S. government agencies 71,861 1,245 10,322 603 82,183 1,848 Total $ 228,406 $ 3,385 $ 40,516 $ 1,904 $ 268,922 $ 5,289 December 31, 2017 Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (In thousands) Fair Value Losses Fair Value Losses Fair Value Losses State and political subdivisions $ 34,755 $ 123 $ 31,251 $ 538 $ 66,006 $ 661 U.S. government agencies 34,183 376 11,317 346 45,500 722 Total $ 68,938 $ 499 $ 42,568 $ 884 $ 111,506 $ 1,383
Schedule of Amortized Cost and Fair Value of Investment	Expected maturities may differ from contractual maturities because borrowers have the right to prepay obligations with or without prepayment penalties. June 30, 2018 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 16,570 $ 16,678 Due after 1 year through 5 years 102,182 102,497 Due after 5 years through 10 years 216,399 217,126 Due after 10 years 107,717 104,562 Total $ 442,868 $ 440,863

Fair Value of Financial Instr28

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Summary of the Fair Value of Financial Instruments	Following is a summary of the carrying amounts and fair values of the Company’s financial instruments: June 30, 2018 December 31, 2017 Carrying Carrying (In thousands) Amount Fair Value Amount Fair Value Balance sheet assets: Cash and cash equivalents $ 126,203 $ 126,203 $ 228,110 $ 228,110 Investment securities 440,863 440,863 470,523 470,523 Loans, net 704,646 697,745 676,026 675,020 Accrued interest receivable 6,834 6,834 7,413 7,413 Total $ 1,278,546 $ 1,271,645 $ 1,382,072 $ 1,381,066 Balance sheet liabilities: Deposits $ 625,737 $ 622,973 $ 678,088 $ 678,346 Accounts and drafts payable 673,704 673,704 661,888 661,888 Accrued interest payable 70 70 55 55 Total $ 1,299,511 $ 1,296,747 $ 1,340,031 $ 1,340,289

Intangible Assets (Narrative) (

Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 111	$ 108	$ 221	$ 207
2,018	442		442
2,019	412		412
2,020	406		406
2,021	406		406
2,022	$ 88		$ 88
Customer Lists [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			7 years
Customer Lists [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			10 years
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			18 years
Software [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			3 years
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			15 years
Non-compete Agreements [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			2 years
Non-compete Agreements [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			5 years

Intangible Assets (Schedule of

Intangible Assets (Schedule of Company's Intangible Assets) (Details) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Unamortized intangible assets:
Goodwill, Gross Carrying Amount	[1]	$ 12,796	$ 12,796
Goodwill, Accumulated Amortization	[1]	(227)	(227)
Total intangible assets		1,822	18,222
Accumulated Amortization		(3,878)	(3,657)
Customer Lists [Member]
Assets eligible for amortization:
Gross Carrying Amount		4,288	4,288
Accumulated Amortization		(2,887)	(2,702)
Patents [Member]
Assets eligible for amortization:
Gross Carrying Amount		72	72
Accumulated Amortization		(14)	(12)
Non-compete Agreements [Member]
Assets eligible for amortization:
Gross Carrying Amount		332	332
Accumulated Amortization		(308)	(291)
Software [Member]
Assets eligible for amortization:
Gross Carrying Amount		234	234
Accumulated Amortization		(234)	(234)
Other [Member]
Assets eligible for amortization:
Gross Carrying Amount		500	500
Accumulated Amortization		$ (208)	$ (191)
[1]	1 Amortization through December 31, 2001 prior to adoption of FASB ASC 350.

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Basic
Net income	$ 7,509	$ 6,513	$ 15,601	$ 12,820
Weighted-average common shares outstanding	12,239,901	12,268,481	12,236,478	12,260,515
Basic earnings per share	$ 0.61	$ 0.53	$ 1.27	$ 1.05
Diluted
Net Income	$ 7,509	$ 6,513	$ 15,601	$ 12,820
Weighted-average common shares outstanding	12,239,901	12,268,481	12,236,478	12,260,515
Effect of dilutive restricted stock and stock appreciation rights	205,281	181,009	197,227	180,180
Weighted-average common shares outstanding assuming dilution	12,445,182	12,449,490	12,433,705	12,440,695
Diluted earnings per share	$ 0.6	$ 0.52	$ 1.25	$ 1.03

Stock Repurchases (Details)

Stock Repurchases (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Equity [Abstract]
Number of shares authorized to be repurchased	500,000		500,000
Shares repurchased	6,000		15,547
Remaining number of shares available for repurchase	484,453		484,453

Industry Segment Information (D

Industry Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Fee revenue and other income:
Fee income from customers		$ 25,640	$ 23,800	$ 51,014	$ 46,571
Interest income	[1]	12,137	11,782	24,113	23,202
Interest expense		794	470	1,473	950
Intersegment income (expense)
Tax-equivalized pre-tax income	[1]	9,520	10,211	20,008	19,604
Goodwill		12,569	12,569	12,569	12,569	$ 12,569
Other intangible assets, net		1,775	2,217	1,775	2,217
Total assets		1,570,305	1,593,282	1,570,305	1,593,282	$ 1,657,209
Funding Sources		1,170,524	1,173,807	1,205,441	1,169,144
Information Services [Member]
Fee revenue and other income:
Fee income from customers		25,262	23,321	50,134	45,645
Interest income	[1]	5,334	5,043	10,850	9,772
Interest expense
Intersegment income (expense)
Tax-equivalized pre-tax income	[1]	6,068	6,360	12,802	11,816
Goodwill		12,433	12,433	12,433	12,433
Other intangible assets, net		1,775	2,217	1,775	2,217
Total assets		807,571	863,562	807,571	863,562
Funding Sources		617,287	594,102	631,022	579,321
Banking Services [Member]
Fee revenue and other income:
Fee income from customers		318	355	694	679
Interest income	[1]	5,735	5,823	11,486	11,708
Interest expense		794	470	1,473	950
Intersegment income (expense)		486	323	948	623
Tax-equivalized pre-tax income	[1]	2,851	3,286	6,276	6,742
Goodwill		136	136	136	136
Other intangible assets, net
Total assets		806,560	742,659	806,560	742,659
Funding Sources		553,237	579,705	574,419	589,823
Corporate Eliminations and Other [Member]
Fee revenue and other income:
Fee income from customers		60	124	186	247
Interest income	[1]	1,068	916	1,777	1,722
Interest expense
Intersegment income (expense)		(486)	(323)	(948)	(623)
Tax-equivalized pre-tax income	[1]	601	565	930	1,046
Goodwill
Other intangible assets, net
Total assets		(43,826)	(12,939)	(43,826)	(12,939)
Funding Sources
[1]	Presented on a tax-equivalent basis assuming a tax rate of 21% for 2018 and 35% for 2017. The tax-equivalent adjustment was approximately $624,000 and $1,450,000 for the Second Quarter of 2018 and 2017, respectively, and $1,311,000 and $2,871,000 for the First Half of 2018 and 2017, respectively.

Loans by Type (Summary of Loan

Loans by Type (Summary of Loan Categories) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Participating Mortgage Loans [Line Items]
Loans	$ 714,861	$ 686,231
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Loans	257,236	236,394
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans	88,887	94,675
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Loans	21,347	9,359
Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans	310,402	316,073
Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Loans	35,212	25,948
Industrial revenue bonds [Member]
Participating Mortgage Loans [Line Items]
Loans	1,739	3,374
Other Loan [Member]
Participating Mortgage Loans [Line Items]
Loans	$ 38	$ 408

Loans by Type (Schedule of the

Loans by Type (Schedule of the Aging of Loans by Loan Categories) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	714,861	686,231
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	257,236	236,394
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	88,887	94,675
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	21,347	9,359
Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	310,402	316,073
Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	35,212	25,948
Industrial revenue bonds [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	1,739	3,374
Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	38	408
Current [Member]
Participating Mortgage Loans [Line Items]
Current	714,861	686,231
Current [Member] | Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Current	257,236	236,394
Current [Member] | Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Current	88,887	94,675
Current [Member] | Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Current	21,347	9,359
Current [Member] | Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Current	310,402	316,073
Current [Member] | Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Current	35,212	25,948
Current [Member] | Industrial revenue bonds [Member]
Participating Mortgage Loans [Line Items]
Current	1,739	3,374
Current [Member] | Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Current	38	408
30 to 59 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Industrial revenue bonds [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Industrial revenue bonds [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Industrial revenue bonds [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Past due

Loans by Type (Schedule of th36

Loans by Type (Schedule of the Credit Exposure of the Loan Portfolio) (Details) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Participating Mortgage Loans [Line Items]
Loans		$ 714,861	$ 686,231
Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	713,597	683,190
Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	1,264	3,041
Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Loans		257,236	236,394
Commercial and Industrial [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	256,231	234,271
Commercial and Industrial [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	1,005	2,123
Commercial and Industrial [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans		88,887	94,675
Real Estate Commercial Mortgage [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	88,715	93,788
Real Estate Commercial Mortgage [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	172	887
Real Estate Commercial Mortgage [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Loans		21,347	9,359
Real Estate Commercial Construction [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	21,347	9,359
Real Estate Commercial Construction [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Commercial Construction [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans		310,402	316,073
Real Estate Church Related Mortgage [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	310,315	316,042
Real Estate Church Related Mortgage [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	87	31
Real Estate Church Related Mortgage [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Loans		35,212	25,948
Real Estate Church Related Construction [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	35,212	25,948
Real Estate Church Related Construction [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Church Related Construction [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Industrial revenue bonds [Member]
Participating Mortgage Loans [Line Items]
Loans		1,739	3,374
Industrial revenue bonds [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	1,739	3,374
Industrial revenue bonds [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Industrial revenue bonds [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Loans		38	408
Other Financing Receivable [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	38	408
Other Financing Receivable [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Other Financing Receivable [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
[1]	Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligations.
[2]	Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.

Loans by Type (Summary of Allow

Loans by Type (Summary of Allowance for Loan Losses) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Participating Mortgage Loans [Line Items]
Beginning Balance	$ 10,205	$ 10,175
Charge-Offs
Recoveries	10	21
Provision
Ending Balance	10,215	10,196
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	3,652	3,261
Charge-Offs
Recoveries	10	21
Provision	311	144
Ending Balance	3,973	3,426
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	1,394	1,662
Charge-Offs
Recoveries
Provision	(80)	(164)
Ending Balance	1,314	1,498
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	70	47
Charge-Offs
Recoveries
Provision	90	16
Ending Balance	160	63
Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	3,962	4,027
Charge-Offs
Recoveries
Provision	(71)	61
Ending Balance	3,891	4,088
Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	196	85
Charge-Offs
Recoveries
Provision	68	8
Ending Balance	264	93
Industrial revenue bonds [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	52	101
Charge-Offs
Recoveries
Provision	(25)	(25)
Ending Balance	27	76
Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	879	992
Charge-Offs
Recoveries
Provision	(293)	(40)
Ending Balance	$ 586	$ 952

Commitments and Contingencies38

Commitments and Contingencies (Narrative) (Details) $ in Thousands	Jun. 30, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
Unused loan commitments	$ 65,586
Standby letters of credit	13,088
Commercial letters of credit	$ 3,836

Commitments and Contingencies39

Commitments and Contingencies (Summary of Company's Contractual Cash Obligations) (Details) $ in Thousands	Jun. 30, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
Operating lease commitments, Less than 1 Year	$ 1,603
Operating lease commitments, 1 to 3 Years	3,517
Operating lease commitments, 3 to 5 Years	2,744
Operating lease commitments, Over 5 Years	2,556
Operating lease commitments, Total	10,420
Time Deposits, Less than 1 Year	46,227
Time Deposits, 1 to 3 Years	8,235
Time Deposits, 3 to 5 Years	2,458
Time Deposits, over 5 Years
Time Deposits, Total	56,920
Commitments, Less than 1 Year	47,830
Commitments, 1 to 3 Years	11,752
Commitments, 3 to 5 Years	5,202
Commitments, Over 5 Years	2,556
Commitments, Total	$ 67,340

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Incentive Plan, shares authorized	1,500,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 2,082
Total unrecognized compensation expense, weighted average period	1 year 25 days
Vesting period	3 years
Granted, Shares	27,037
Fair value of granted shares per share	$ 59.27
Performance-based restricted shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years	3 years
Granted, Shares	28,388	25,342
Fair value of granted shares per share	$ 58.35	$ 59.20
Expense incurred to grant shares	$ 729	$ 690
Performance-based restricted shares [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest	0.00%	0.00%
Performance-based restricted shares [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest	150.00%	150.00%

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Restricted Stock Activity) (Details) - Restricted Stock [Member]	6 Months Ended
	Jun. 30, 2018$ / sharesshares
Shares
Beginning balance | shares	78,166
Granted | shares	27,037
Vested | shares	(23,758)
Ending balance | shares	81,445
Fair Value
Beginning balance | $ / shares	$ 50.30
Granted | $ / shares	59.27
Vested | $ / shares	46.83
Ending balance | $ / shares	$ 54.29

Stock-Based Compensation (Sum42

Stock-Based Compensation (Summary of Company's SARs Activity) (Details) - SARs [Member] - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance	234,236
Exercised	(15,271)
Ending balance	218,965	234,236
Exercisable	218,965
Outstanding, Weighted Average Exercise Price	$ 34.97
Exercised, Weighted Average Exercise Price	22.73
Outstanding, Weighted Average Exercise Price	35.83	$ 34.97
Exercisable, Weighted Average Exercise Price	$ 35.83
Outstanding, Average Remaining Contractual Term Years	3 years 11 months 8 days	5 years 11 days
Exercisable, Average Remaining Contractual Term Years	3 years 11 months 8 days
Outstanding, Aggregate Intrinsic Value	$ 7,291
Outstanding, Aggregate Intrinsic Value	6,629	$ 7,291
Exercisable, Aggregate Intrinsic Value	$ 6,629

Defined Pension Plans (Narrativ

Defined Pension Plans (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Defined Benefit Plan Disclosure [Line Items]
Pension costs
Pension period			30 years
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension costs	$ 1,049	$ 1,017	$ 2,098	2,037
Unfunded Supplemental Executive Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension costs	$ 256	$ 209	$ 511	$ 418

Defined Pension Plans (Schedule

Defined Pension Plans (Schedule of Net Periodic Pension Costs) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost - benefits earned during the year	$ 4,294	$ 3,733
Interest cost on projected benefit obligations	3,655	3,621
Expected return on plan assets	(5,206)	(4,681)
Net amortization and deferral	1,409	1,382
Net periodic pension cost	4,152	4,055
Unfunded Supplemental Executive Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost - benefits earned during the year	92	143
Interest cost on projected benefit obligations	348	360
Net amortization and deferral	581	324
Net periodic pension cost	$ 1,021	$ 827

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Income Tax Contingency [Line Items]
Unrecognized tax benefits	$ 1,836	$ 1,632
Amounts of tax benefits that would affect effective tax rate if recognized	1,669	1,464
Income tax accrued interest	173	$ 139
Statute of limitations	$ 313

Investment in Securities (Narra

Investment in Securities (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Number of securities that had an unrealized loss	163		163		64
Number of securities that had an unrealized loss, greater than 12 months	24		24		24
Percentage of total securities	49.00%		49.00%		17.00%
Proceeds from sales of securities available-for-sale	$ 48,977	$ 0	$ 58,520
Gross realized gains	55	$ 0	42	$ 0
Securities pledged as collateral	$ 3,750		$ 3,750

Investment in Securities (Sched

Investment in Securities (Schedule of Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Investment [Line Items]
Fair Value	$ 440,863	$ 470,523
Gross Unrealized Gains	3,284	9,528
Gross Unrealized Losses	5,289	1,383
Amortized Cost	442,868	462,378
State and Political Subdivisions [Member]
Investment [Line Items]
Fair Value	343,685	417,032
Gross Unrealized Gains	3,276	9,528
Gross Unrealized Losses	3,441	661
Amortized Cost	343,850	408,165
U.S. government agencies [Member]
Investment [Line Items]
Fair Value	89,938	45,500
Gross Unrealized Gains	8
Gross Unrealized Losses	1,848	722
Amortized Cost	91,778	46,222
Certificates of Deposit [Member]
Investment [Line Items]
Fair Value	7,240	7,991
Gross Unrealized Gains
Gross Unrealized Losses
Amortized Cost	$ 7,240	$ 7,991

Investment in Securities (Sch48

Investment in Securities (Schedule of the Fair Values of Securities with Unrealized Losses) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Investment [Line Items]
Estimated fair value, less than 12 months	$ 228,406	$ 68,938
Estimated fair value, 12 months or more	40,516	42,568
Estimated fair value, total	268,922	111,506
Unrealized losses, less than 12 months	3,385	499
Unrealized losses, 12 months or more	1,904	884
Unrealized losses, total	5,289	1,383
State and Political Subdivisions [Member]
Investment [Line Items]
Estimated fair value, less than 12 months	156,545	34,755
Estimated fair value, 12 months or more	30,194	31,251
Estimated fair value, total	186,739	66,006
Unrealized losses, less than 12 months	2,140	123
Unrealized losses, 12 months or more	1,301	538
Unrealized losses, total	3,441	661
U.S. government agencies [Member]
Investment [Line Items]
Estimated fair value, less than 12 months	71,861	34,183
Estimated fair value, 12 months or more	10,322	11,317
Estimated fair value, total	82,183	45,500
Unrealized losses, less than 12 months	1,245	376
Unrealized losses, 12 months or more	603	346
Unrealized losses, total	$ 1,848	$ 722

Investment in Securities (Sch49

Investment in Securities (Schedule of Amortized Cost and Fair Value of Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Amortized Cost, Due in 1 year or less	$ 16,570
Amortized Cost, Due after 1 year through 5 years	102,182
Amortized Cost, Due after 5 years through 10 years	216,399
Amortized Cost, Due after 10 years	107,717
Amortized Cost, Total	442,868
Fair Value, Due in 1 year or less	16,678
Fair Value, Due after 1 year through 5 years	102,497
Fair Value, Due after 5 years through 10 years	217,126
Fair Value, Due after 10 years	104,562
Fair Value, Total	$ 440,863	$ 470,523

Fair Value of Financial Instr50

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Cash and cash equivalents, Carrying Amount	$ 126,203	$ 228,110	$ 301,060	$ 266,743
Investment securities, Carrying Amount	440,863	470,523
Loans, net, Carrying Amount	704,646	676,026
Accrued interest receivable, Carrying Amount	6,834	7,413
Assets, Carrying Amount	1,278,546	1,382,072
Cash and cash equivalents, Fair Value	126,203	228,110
Investment securities, Fair Value	440,863	470,523
Loans, net, Fair Value	697,745	675,020
Accrued interest receivable, Fair Value	6,834	7,413
Assets, Fair Value	1,271,645	1,381,066
Deposits, Carrying Amount	625,737	678,088
Accounts and drafts payable, Carrying Amount	673,704	661,888
Accrued interest payable, Carrying Amount	70	55
Liabilities, Carrying Amount	1,299,511	1,340,031
Deposits, Fair Value	622,973	678,346
Accounts and drafts payable, Fair Value	673,704	661,888
Accrued interest payable, Fair Value	70	55
Liabilities, Fair Value	$ 1,296,747	$ 1,340,289