Cass Information Systems (CASS) 10-Q 6 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 26, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Entity File Number	000-20827
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity Registrant Name	CASS INFORMATION SYSTEMS INC
Entity Incorporation, State or Country Code	MO
Entity Address, City or Town	St. Louis
Entity Address, State or Province	MO
Entity Tax Identification Number	43-1265338
Entity Address, Address Line One	12444 Powerscourt Drive, Suite 550
Entity Address, Postal Zip Code	63131
Local Phone Number	(314) 506-5500
Entity Information, Former Legal or Registered Name	N/A
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000708781
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,489,374
City Area Code	314
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	Common stock, par value $.50
Trading Symbol	CASS
Name of Exchange on which Security is Registered	NASDAQ

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 16,811	$ 15,042
Interest-bearing deposits in other financial institutions	73,335	179,281
Federal funds sold and other short-term investments	93,367	36,610
Cash and cash equivalents	183,513	230,933
Securities available-for-sale, at fair value	435,391	441,534
Loans	790,552	721,587
Less: Allowance for loan losses	10,506	10,225
Loans, net	780,046	711,362
Premises and equipment, net	21,156	22,031
Investment in bank-owned life insurance	17,571	17,384
Payments in excess of funding	174,348	160,777
Goodwill	12,569	12,569
Other intangible assets, net	1,345	1,554
Other assets	102,745	97,032
Total assets	1,728,684	1,695,176
Deposits:
Noninterest-bearing	259,082	313,258
Interest-bearing	377,547	408,668
Total deposits	636,629	721,926
Accounts and drafts payable	794,871	694,360
Other liabilities	56,763	49,042
Total liabilities	1,488,263	1,465,328
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 15,505,772 shares issued at June 30, 2019 and December 31, 2018	7,753	7,753
Additional paid-in capital	205,463	205,770
Retained earnings	83,470	75,171
Common shares in treasury, at cost (1,016,398 shares at June 30, 2019 and 894,486 shares at December 31, 2018)	(46,333)	(39,974)
Accumulated other comprehensive loss	(9,932)	(18,872)
Total shareholders' equity	240,421	229,848
Total liabilities and shareholders' equity	$ 1,728,684	$ 1,695,176

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value per share	$ 50	$ 50
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued
Common stock, par value per share	$ 50	$ 50
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	15,505,772	15,505,772
Treasury stock, shares	1,016,398	894,486

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Fee Revenue and Other Income:
Information services payment and processing revenue	$ 26,852	$ 25,221	$ 53,309	$ 50,048
Bank service fees	301	359	677	694
Gains (losses) on sales of securities	8	(55)	19	(42)
Other	211	115	380	314
Total fee revenue and other income	27,372	25,640	54,385	51,014
Interest Income:
Interest and fees on loans	9,387	7,923	18,016	15,465
Interest and dividends on securities:
Taxable	639	489	1,281	810
Exempt from federal income taxes	1,994	2,332	4,031	4,897
Interest on federal funds sold and other short-term investments	1,307	769	2,896	1,629
Total interest income	13,327	11,513	26,224	22,801
Interest Expense:
Interest on deposits	1,305	794	2,595	1,473
Net interest income	12,022	10,719	23,629	21,328
Provision for loan losses			250
Net interest income after provision for loan losses	12,022	10,719	23,379	21,328
Total net revenue	39,394	36,359	77,764	72,342
Operating Expense:
Personnel	22,803	21,589	45,080	41,971
Occupancy	998	925	1,957	1,779
Equipment	1,552	1,408	3,021	2,716
Amortization of intangible assets	102	111	209	221
Other operating expense	4,516	3,430	8,166	6,958
Total operating expense	29,971	27,463	58,433	53,645
Income before income tax expense	9,423	8,896	19,331	18,697
Income tax expense	1,739	1,387	3,484	3,096
Net income	$ 7,684	$ 7,509	$ 15,847	$ 15,601
Basic earnings per share	$ 0.53	$ 0.51	$ 1.10	$ 1.06
Diluted earnings per share	$ 0.52	$ 0.50	$ 1.08	$ 1.05

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Comprehensive Income:
Net income	$ 7,684	$ 7,509	$ 15,847	$ 15,601
Other comprehensive income:
Net unrealized gain (loss) on securities available-for-sale	4,609	(420)	11,746	(10,194)
Tax effect	(1,097)	100	(2,796)	2,426
Reclassification adjustments for (gains) losses included in net income	(8)	55	(19)	42
Tax effect	2	(13)	5	(10)
Foreign currency translation adjustments	18	(109)	4	(70)
Total comprehensive income	$ 11,208	$ 7,122	$ 24,787	$ 7,795

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash Flows From Operating Activities:
Net income	$ 15,847	$ 15,601
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,366	5,822
Net (gains) losses on sales of securities	(19)	42
Stock-based compensation expense	1,417	1,477
Provision for loan losses	250
(Decrease) increase in income tax liability	(1,054)	1,637
Increase in pension liability	2,590	2,463
(Increase) decrease in accounts receivable	(1,351)	3,473
Other operating activities, net	3,327	(5,419)
Net cash provided by operating activities	26,373	25,096
Cash Flows From Investing Activities:
Proceeds from sales of securities available-for-sale	4,648	58,520
Proceeds from maturities of securities available-for-sale	10,161	17,374
Purchase of securities available-for-sale		(60,108)
Net increase in loans	(68,934)	(28,620)
Increase in payments in excess of funding	(13,571)	(14,733)
Purchases of premises and equipment, net	(1,202)	(2,800)
Net cash used in investing activities	(68,898)	(30,367)
Cash Flows From Financing Activities:
Net decrease in noninterest-bearing demand deposits	(54,176)	(16,185)
Net decrease in interest-bearing demand and savings deposits	(32,058)	(40,588)
Net increase in time deposits	937	4,422
Net increase (decrease) in accounts and drafts payable	96,033	(36,538)
Cash dividends paid	(7,548)	(6,144)
Purchase of common shares for treasury	(7,799)	(1,408)
Other financing activities, net	(284)	(195)
Net cash used in financing activities	(4,895)	(96,636)
Net decrease in cash and cash equivalents	(47,420)	(101,907)
Cash and cash equivalents at beginning of period	230,933	228,110
Cash and cash equivalents at end of period	183,513	126,203
Supplemental information:
Cash paid for interest	2,496	1,459
Cash paid for income taxes	$ 4,545	$ 1,445

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Total
Balance at Dec. 31, 2017	$ 6,524	$ 204,631	$ 59,314	$ (32,061)	$ (13,320)	$ 225,088
Net income			15,601			15,601
Cash dividends			(6,144)			(6,144)
Issuance of common shares pursuant to stock-based compensation plan, net		(998)		551		(447)
Exercise of SARs		(423)		150		(273)
Stock-based compensation expense		1,477				1,477
Purchase of common shares				(883)		(883)
Other comprehensive income (loss)					(7,806)	(7,806)
Balance at Jun. 30, 2018	6,524	204,687	68,771	(32,243)	(21,126)	226,613
Balance at Mar. 31, 2018	6,524	204,479	64,458	(32,301)	(20,738)	222,422
Net income			7,509			7,509
Cash dividends			(3,196)			(3,196)
Issuance of common shares pursuant to stock-based compensation plan, net		(277)		294		17
Exercise of SARs		(354)		118		(236)
Stock-based compensation expense		839				839
Purchase of common shares				(354)		(354)
Other comprehensive income (loss)					(388)	(388)
Balance at Jun. 30, 2018	6,524	204,687	68,771	(32,243)	(21,126)	226,613
Balance at Dec. 31, 2018	7,753	205,770	75,171	(39,974)	(18,872)	229,848
Net income			15,847			15,847
Cash dividends			(7,548)			(7,548)
Issuance of common shares pursuant to stock-based compensation plan, net		(1,421)		1,276		(145)
Exercise of SARs		(303)		164		(139)
Stock-based compensation expense		1,417				1,417
Purchase of common shares				(7,799)		(7,799)
Other comprehensive income (loss)					8,940	8,940
Balance at Jun. 30, 2019	7,753	205,463	83,470	(46,333)	(9,932)	240,421
Balance at Mar. 31, 2019	7,753	205,310	79,558	(44,685)	(13,456)	234,480
Net income			7,684			7,684
Cash dividends			(3,772)			(3,772)
Issuance of common shares pursuant to stock-based compensation plan, net		(407)		450		43
Exercise of SARs
Stock-based compensation expense		560				560
Purchase of common shares				(2,098)		(2,098)
Other comprehensive income (loss)					3,524	3,524
Balance at Jun. 30, 2019	$ 7,753	$ 205,463	$ 83,470	$ (46,333)	$ (9,932)	$ 240,421

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Stockholders' Equity [Abstract]
Cash dividends, per share	$ 0.26	$ 0.20	$ 0.26	$ 0.20
Stock issued pursuant to stock-based compensation	8,968	8,972	34,092	32,428
Shares repurchased during period	46,778	720	154,593	12,176

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2019
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 20% stock dividend paid on December 14, 2018. 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, 2018 .

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2019
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, 2019 December 31, 2018 Gross Carrying Accumulated Gross Carrying Accumulated (In thousands) Amount Amortization Amount Amortization Assets eligible for amortization: Customer lists $ 4,288 $ (3,256) $ 4,288 $ (3,071) Patents 72 (18) 72 (16) Non-compete agreements 332 (332) 332 (326) Software 234 (234) 234 (234) Other 500 (241) 500 (225) Unamortized intangible assets: Goodwill 1 12,796 (227) 12,796 (227) Total intangible assets $ 18,222 $ (4,308) $ 18,222 $ (4,099) 1 Amortization through December 31, 2001 prior to adoption of FASB ASC 350. The customer lists are amortized over seven two

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2019
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, 2019 and 2018. 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) 2019 2018 2019 2018 Basic Net income $ 7,684 $ 7,509 $ 15,847 $ 15,601 Weighted-average common shares outstanding 14,434,232 14,687,882 14,444,821 14,683,773 Basic earnings per share $ .53 $ .51 $ 1.10 $ 1.06 Diluted Net income $ 7,684 $ 7,509 $ 15,847 $ 15,601 Weighted-average common shares outstanding 14,434,232 14,687,882 14,444,821 14,683,773 Effect of dilutive restricted stock and stock appreciation rights 258,032 246,330 255,613 236,666 Weighted-average common shares outstanding assuming dilution 14,692,264 14,934,212 14,700,434 14,920,439 Diluted earnings per share $ .52 $ .50 $ 1.08 $ 1.05

Stock Repurchases

Stock Repurchases	6 Months Ended
	Jun. 30, 2019
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 January 29, 2019, 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 46,778 and 7,200 shares during the three-month periods ended June 30, 2019 and 2018 and 154,593 and 18,656 shares for the six-month periods ended June 30, 2019 and 2018, respectively. As of June 30, 2019, 450,222 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, 2019
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 faith-based ministries 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, 2018. Management evaluates segment performance based on tax-equivalized* 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 – fixed or variable rates depending upon the specific characteristics of the funding source, and ● Banking Services – a variable rate that is based upon the overall performance of Banking Services’ 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, 2019: Fee income from customers $ 27,227 $ 392 $ (247) $ 27,372 Interest income* 6,336 7,666 (144) 13,858 Interest expense — 1,305 — 1,305 Intersegment income (expense) — 535 (535) — Tax-equivalized pre-tax income* 6,791 3,555 (392) 9,954 Goodwill 12,433 136 — 12,569 Other intangible assets, net 1,345 — — 1,345 Total assets 934,620 816,661 (22,597) 1,728,684 Average funding sources 650,231 570,980 — 1,221,211 Three Months Ended June 30, 2018: Fee income from customers $ 25,262 $ 318 $ 60 $ 25,640 Interest income* 6,017 6,795 (675) 12,137 Interest expense — 794 — 794 Intersegment income (expense) — 486 (486) — Tax-equivalized pre-tax income* 6,750 3,385 (615) 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 Average funding sources 617,287 553,237 — 1,170,524 Six Months Ended June 30, 2019: Fee income from customers $ 54,023 $ 783 $ (421) $ 54,385 Interest income* 12,513 15,152 (369) 27,296 Interest expense — 2,595 — 2,595 Intersegment income (expense) — 1,054 (1,054) — Tax-equivalized pre-tax income* 14,378 6,815 (790) 20,403 Goodwill 12,433 136 — 12,569 Other intangible assets, net 1,345 — — 1,345 Total assets 934,620 816,661 (22,597) 1,728,684 Average funding sources 648,918 581,034 — 1,229,952 Six Months Ended June 30, 2018: Fee income from customers $ 50,134 $ 694 $ 186 $ 51,014 Interest income* 12,175 13,690 (1,752) 24,113 Interest expense — 1,473 — 1,473 Intersegment income (expense) — 948 (948) — Tax-equivalized pre-tax income* 14,125 7,449 (1,566) 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 Average funding sources 631,022 574,419 — 1,205,441 * Presented on a tax-equivalent basis assuming a tax rate of 21% for both 2019 and 2018. The tax-equivalent adjustment was approximately $531,000 and $624,000 for the Second Quarter of 2019 and 2018, respectively, and $1,072,000 and $1,311,000 for the First Half of 2019 and 2018, respectively.

Loans by Type

Loans by Type	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Loans by Type	Note 6 – Loans by Type A summary of loan categories is as follows: June 30, December 31, (In thousands) 2019 2018 Commercial and industrial $ 348,176 $ 277,091 Real estate: Commercial: Mortgage 85,571 95,605 Construction 18,609 11,858 Faith-based: Mortgage 319,083 316,147 Construction 17,438 20,576 Other 1,675 310 Total loans $ 790,552 $ 721,587 The following table presents the aging of loans by loan categories at June 30, 2019 and December 31, 2018: Performing Nonperforming 90 Days 30-59 60-89 and Non- Total (In thousands) Current Days Days Over accrual Loans June 30, 2019 Commercial and industrial $ 348,176 $ — $ — $ — $ — $ 348,176 Real estate: Commercial: Mortgage 85,571 — — — — 85,571 Construction 18,609 — — — — 18,609 Faith-based: Mortgage 319,083 — — — — 319,083 Construction 17,438 — — — — 17,438 Other 1,675 — — — — 1,675 Total $ 790,552 $ — $ — $ — $ — $ 790,552 December 31, 2018 Commercial and industrial $ 277,091 $ — $ — $ — $ — $ 277,091 Real estate: Commercial: Mortgage 95,605 — — — — 95,605 Construction 11,858 — — — — 11,858 Faith-based: Mortgage 316,147 — — — — 316,147 Construction 20,576 — — — — 20,576 Other 310 — — — — 310 Total $ 721,587 $ — $ — $ — $ — $ 721,587 The following table presents the credit exposure of the loan portfolio by internal credit grade as of June 30, 2019 and December 31, 2018: 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, 2019 Commercial and industrial $ 347,416 $ 760 $ — $ 348,176 Real estate: Commercial: Mortgage 85,434 137 — 85,571 Construction 18,609 — — 18,609 Faith-based: Mortgage 317,917 1,166 — 319,083 Construction 17,438 — — 17,438 Other 1,675 — — 1,675 Total $ 788,489 $ 2,063 $ — $ 790,552 December 31, 2018 Commercial and industrial $ 275,308 $ 1,783 $ — $ 277,091 Real estate: Commercial: Mortgage 95,447 158 — 95,605 Construction 11,858 — — 11,858 Faith-based: Mortgage 314,940 1,207 — 316,147 Construction 20,576 — — 20,576 Other 310 — — 310 Total $ 718,439 $ 3,148 $ — $ 721,587 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 restructurings at June 30, 2019 and December 31, 2018. There were no foreclosed loans recorded as other real estate owned as of June 30, 2019 and December 31, 2018. A summary of the activity in the allowance for loan losses from December 31, 2018 to June 30, 2019 is as follows: December 31, Charge- June 30, (In thousands) 2018 Offs Recoveries Provision 2019 Commercial and industrial $ 4,179 $ — $ 31 $ 1,058 $ 5,268 Real estate: Commercial: Mortgage 1,417 — — (148) 1,269 Construction 89 — — 51 140 Church, church-related: Mortgage 3,961 — — 36 3,997 Construction 155 — — (24) 131 Other 424 — — (723) (299) Total $ 10,225 $ — $ 31 $ 250 $ 10,506 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

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
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, 2019 and December 31, 2018, 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, 2019, the balances of unused loan commitments, standby and commercial letters of credit were $145,871,000, $9,927,000, and $2,908,000, 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 time deposits at June 30, 2019: Amount of Commitment Expiration per Period Less than 1-3 3-5 Over 5 (In thousands) Total 1 Year Years Years Years Time deposits 73,394 49,165 21,812 2,417 — Total $ 73,394 $ 49,165 $ 21,812 $ 2,417 $ — 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, 2019
Share-based Payment Arrangement [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, 2019, 35,002 restricted shares, 36,403 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, 2019, the total unrecognized compensation expense related to non-vested restricted shares was $2,204,000, and the related weighted-average period over which it is expected to be recognized is approximately 0.99 years. Following is a summary of the activity of the restricted stock: Six Months Ended June 30, 2019 Shares Fair Value Balance at December 31, 2018 99,724 $ 45.48 Granted 35,002 49.02 Vested (13,264) 39.76 Balance at June 30, 2019 121,462 $ 47.13 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 outstanding at June 30, 2019 was 30,057 with a grant date fair value of $49.33 per share. The 2019 expense related to these grants is currently estimated to be $595,000 and is based on the grant date fair value of the awards and the Company’s achievement of 120% of the target financial goals. The estimated expense for 2019 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 and July 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 outstanding at June 30, 2019 was 35,258 with an average grant date fair value of $49.04 per share. The 2019 expense related to these grants is currently estimated to be $674,000 and is based on the grant date fair value of the awards and the Company’s achievement of 117% of the target financial goals. The estimated expense for 2019 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 2019, 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, 2019 through December 31, 2021. 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 outstanding at June 30, 2019 was 36,403 with an average grant date fair value of $49.10 per share. The 2019 expense related to these grants is currently estimated to be $590,000 and is based on the grant date fair value of the awards and the Company’s achievement of 108% of the target financial goals. The estimated expense for 2019 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, 2019. Following is a summary of the activity of the Company’s SARs program for the six-month period ended June 30, 2019: Weighted- Average Aggregate Average Remaining Intrinsic Exercise Contractual Value Shares Price Term Years (In thousands) Outstanding at December 31, 2018 237,121 $ 29.86 3.50 $ 5,468 Exercised (11,335) 21.95 — — Exercisable at June 30, 2019 225,786 $ 30.26 3.08 $ 4,114 There were no non-vested SARs at June 30, 2019.

Defined Pension Plans

Defined Pension Plans	6 Months Ended
	Jun. 30, 2019
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) 2019 2018 Service cost – benefits earned during the year $ 3,708 $ 4,017 Interest cost on projected benefit obligations 4,083 3,703 Expected return on plan assets (4,754) (5,202) Net amortization and deferral 1,634 1,522 Net periodic pension cost $ 4,671 $ 4,040 Pension costs recorded to expense were $1,186,000 and $1,049,000 for the three-month periods ended June 30, 2019 and 2018, respectively and $2,365,000 and $2,098,000 for the six-month periods ended June 30, 2019 and 2018, respectively. Pension costs increased in 2019 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, 2019 and is evaluating the amount of additional contributions, if any, in the remainder of 2019. 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 2018 and an estimate for 2019: Estimated Actual (In thousands) 2019 2018 Service cost – benefits earned during the year $ 97 $ 92 Interest cost on projected benefit obligation 408 348 Net amortization 276 581 Net periodic pension cost $ 781 $ 1,021 Pension costs recorded to expense were $196,000 and $256,000 for the three-month periods ended June 30, 2019 and 2018, respectively, and were $391,000 and $511,000 for the six-month periods ended June 30, 2019 and 2018, respectively.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 10 – Income Taxes As of June 30, 2019, the Company’s unrecognized tax benefits were approximately $1,499,000, of which $1,380,000 would, if recognized, affect the Company’s effective tax rate. As of December 31, 2018, the Company’s unrecognized tax benefits were approximately $1,403,000, of which $1,272,000 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 $317,000 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 $136,000 of gross interest accrued as of June 30, 2019 and December 31, 2018, respectively. There were no penalties for unrecognized tax benefits accrued at June 30, 2019 and December 31, 2018. 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 2015 through 2017 remain subject to examination by the Internal Revenue Service. In addition, the Company is subject to state tax examinations for the tax years 2014 through 2017.

Investment in Securities

Investment in Securities	6 Months Ended
	Jun. 30, 2019
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 falls 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, 2019 Gross Gross Amortized Unrealized Unrealized (In thousands) Cost Gains Losses Fair Value State and political subdivisions $ 318,924 $ 12,181 $ 7 $ 331,098 U.S. government agencies 102,091 554 347 102,298 Certificates of deposit 1,995 — — 1,995 Total $ 423,010 $ 12,735 $ 354 $ 435,391 December 31, 2018 Gross Gross Amortized Unrealized Unrealized (In thousands) Cost Gains Losses Fair Value State and political subdivisions $ 332,732 $ 3,791 $ 1,806 $ 334,717 U.S. government agencies 106,153 86 1,417 104,822 Certificates of deposit 1,995 — — 1,995 Total $ 440,880 $ 3,877 $ 3,223 $ 441,534 The fair values of securities with unrealized losses are as follows: June 30, 2019 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 $ 1,007 $ — $ 2,976 $ 7 $ 3,983 $ 7 U.S. government agencies — — 33,472 347 33,472 347 Total $ 1,007 $ — $ 36,448 $ 354 $ 37,455 $ 354 December 31, 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 $ 91,248 $ 556 $ 60,546 $ 1,250 $ 151,794 $ 1,806 U.S. government agencies 30,409 130 38,005 1,287 68,414 1,417 Total $ 121,657 $ 686 $ 98,551 $ 2,537 $ 220,208 $ 3,223 There were 17 securities, or 6% of the total (15 greater than 12 months), in an unrealized loss position as of June 30, 2019. There were 136 securities, or 43% of the total (61 greater than 12 months), in an unrealized loss position as of December 31, 2018. 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, 2019 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 25,149 $ 25,232 Due after 1 year through 5 years 114,928 116,965 Due after 5 years through 10 years 236,912 247,152 Due after 10 years 46,021 46,042 Total $ 423,010 $ 435,391 Proceeds from sales of investment securities classified as available-for-sale were $3,547,000 and $48,977,000 for the three months ended June 30, 2019 and 2018, respectively, and were $4,648,000 and $58,520,000 for the six months ended June 30, 2019 and 2018, respectively. Gross realized gains were $8,000 for the three months ended June 30, 2019 compared to gross realized losses of $55,000 for the three months ended June 30, 2018. Gross realized gains were $19,000 for the six months ended June 30, 2019 compared to gross realized losses of $42,000 for the six months ended June 30, 2018. There were no securities pledged to secure public deposits and for other purposes at June 30, 2019.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2019
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, 2019 December 31, 2018 Carrying Carrying (In thousands) Amount Fair Value Amount Fair Value Balance sheet assets: Cash and cash equivalents $ 183,513 $ 183,513 $ 230,933 $ 230,933 Investment securities 435,391 435,391 441,534 441,534 Loans, net 780,046 782,301 711,362 711,090 Accrued interest receivable 7,180 7,180 7,069 7,069 Total $ 1,406,130 $ 1,408,385 $ 1,390,898 $ 1,390,626 Balance sheet liabilities: Deposits $ 636,629 $ 637,586 $ 721,926 $ 722,018 Accounts and drafts payable 794,871 794,871 694,360 694,360 Accrued interest payable 191 191 91 91 Total $ 1,431,691 $ 1,432,648 $ 1,416,377 $ 1,416,469 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. 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, 2019 and 2018. No financial instruments are measured using Level 3 inputs for the six months ended June 30, 2019 and 2018.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Note 13 – Revenue from Contracts with Customers On January 1, 2018, the Company adopted FASB ASC 606, Revenue from Contracts with Customers (“FASB ASC 606”) 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 FASB 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 FASB ASC 606 include invoice processing and payment fees, bank service fees, and other real estate owned (“OREO”). Invoice processing fees – The Company earns fees on a per-item or monthly basis for the invoice processing services rendered on behalf of customers. Per-item fees are recognized at the point in time when the performance obligation is satisfied. Monthly fees are earned over the course of a month, representing the period over which the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components. Invoice payment fees – The Company earns fees on a transaction level basis for invoice payment services when making customer payments. Fees are recognized at the point in time when the payment transactions are made, which is when the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components. 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. Service charges on deposit accounts are transaction based fees that are recognized at the point in time when the performance obligation is satisfied. Service charges are recognized on a monthly basis representing the period over which the performance obligation is satisfied. The contracts have no significant impact of variable consideration and no significant financing components. 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. For the Three Months For the Six Months Ended June 30, Ended June 30, (In thousands) 2019 2018 2019 2018 Fee revenue and other income In-scope of FASB ASC 606 Invoice processing fees $ 20,447 $ 19,467 $ 40,989 $ 38,616 Invoice payment fees 6,405 5,754 12,320 11,432 Information services payment and processing revenue 26,852 25,221 53,309 50,048 Bank service fees 301 359 677 694 Fee revenue (in-scope of FASB ASC 606) 27,153 25,580 53,986 50,742 Other income (out-of-scope of FASB ASC 606) 219 60 399 272 Total fee revenue and other income 27,372 25,640 54,385 51,014 Net interest income after provision for loan losses (out-of-scope of FASB ASC 606) 1 12,022 10,719 23,379 21,328 Total net revenue $ 39,394 $ 36,359 $ 77,764 $ 72,342 1 The Company earns interest income from the balances generated during the invoice processing and payment cycle and on deposit accounts, which is an integral component of the Company’s compensation for services provided; but, is out-of-scope of FASB ASC 606.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Note 14 – Leases On January 1, 2019, the Company adopted Accounting Standards Update (“ASU”) No. 2016-02 – Leases (ASC Topic 842). The Company leases certain premises under operating leases. As of June 30, 2019, the Company had lease liabilities of $7,290,000 and right-of-use assets of $6,570,000. Lease liabilities and right-of-use assets are reflected in other liabilities and other assets, respectively. Presented within occupancy expense on the Consolidated Statements of Income for the three months ended June 30, 2019, operating lease cost was $420,000, short-term lease cost was $38,000, and there was no variable lease cost. For the six months ended June 30, 2019, operating lease cost was $840,000, short-term lease cost was $74,000, and there was no variable lease cost. For the period ended June 30, 2019, the weighted average remaining lease term for the operating leases was 6.9 years and the weighted average discount rate used in the measurement of operating lease liabilities was 5.5%. Certain of the Company’s leases contain options to renew the lease; however, these renewal options are not included in the calculation of the lease liabilities as they are not reasonably certain to be exercised. There has been no significant change in the Company’s expected future minimum lease payments since December 31, 2018. See the Company’s 2018 Annual Report on Form 10-K for information regarding these commitments. A maturity analysis of operating lease liabilities and undiscounted cash flows as of June 30, 2019 was as follows: June 30, (In thousands) 2019 Lease payments due Less than 1 year $ 1,689 1-2 years 1,708 2-3 years 1,536 3-4 years 1,191 4-5 years 388 Over 5 years 2,169 Total undiscounted cash flows 8,681 Discount on cash flows 1,391 Total lease liability $ 7,290 There were no sale and leaseback transactions, leveraged leases, or lease transactions with related parties during the six months ended June 30, 2019. At June 30, 2019, the Company had one lease that had not yet commenced, but is expected to create approximately $800,000 of additional lease liabilities and right-of-use assets for the Company. This lease is anticipated to commence in 2020.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 15 – 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, 2019, 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, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Company's Intangible Assets	Details of the Company’s intangible assets are as follows: June 30, 2019 December 31, 2018 Gross Carrying Accumulated Gross Carrying Accumulated (In thousands) Amount Amortization Amount Amortization Assets eligible for amortization: Customer lists $ 4,288 $ (3,256) $ 4,288 $ (3,071) Patents 72 (18) 72 (16) Non-compete agreements 332 (332) 332 (326) Software 234 (234) 234 (234) Other 500 (241) 500 (225) Unamortized intangible assets: Goodwill 1 12,796 (227) 12,796 (227) Total intangible assets $ 18,222 $ (4,308) $ 18,222 $ (4,099) 1 Amortization through December 31, 2001 prior to adoption of FASB ASC 350.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Three Months Ended Six Months Ended June 30, June 30, (In thousands except share and per share data) 2019 2018 2019 2018 Basic Net income $ 7,684 $ 7,509 $ 15,847 $ 15,601 Weighted-average common shares outstanding 14,434,232 14,687,882 14,444,821 14,683,773 Basic earnings per share $ .53 $ .51 $ 1.10 $ 1.06 Diluted Net income $ 7,684 $ 7,509 $ 15,847 $ 15,601 Weighted-average common shares outstanding 14,434,232 14,687,882 14,444,821 14,683,773 Effect of dilutive restricted stock and stock appreciation rights 258,032 246,330 255,613 236,666 Weighted-average common shares outstanding assuming dilution 14,692,264 14,934,212 14,700,434 14,920,439 Diluted earnings per share $ .52 $ .50 $ 1.08 $ 1.05

Industry Segment Information (T

Industry Segment Information (Tables)	6 Months Ended
	Jun. 30, 2019
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, 2019: Fee income from customers $ 27,227 $ 392 $ (247) $ 27,372 Interest income* 6,336 7,666 (144) 13,858 Interest expense — 1,305 — 1,305 Intersegment income (expense) — 535 (535) — Tax-equivalized pre-tax income* 6,791 3,555 (392) 9,954 Goodwill 12,433 136 — 12,569 Other intangible assets, net 1,345 — — 1,345 Total assets 934,620 816,661 (22,597) 1,728,684 Average funding sources 650,231 570,980 — 1,221,211 Three Months Ended June 30, 2018: Fee income from customers $ 25,262 $ 318 $ 60 $ 25,640 Interest income* 6,017 6,795 (675) 12,137 Interest expense — 794 — 794 Intersegment income (expense) — 486 (486) — Tax-equivalized pre-tax income* 6,750 3,385 (615) 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 Average funding sources 617,287 553,237 — 1,170,524 Six Months Ended June 30, 2019: Fee income from customers $ 54,023 $ 783 $ (421) $ 54,385 Interest income* 12,513 15,152 (369) 27,296 Interest expense — 2,595 — 2,595 Intersegment income (expense) — 1,054 (1,054) — Tax-equivalized pre-tax income* 14,378 6,815 (790) 20,403 Goodwill 12,433 136 — 12,569 Other intangible assets, net 1,345 — — 1,345 Total assets 934,620 816,661 (22,597) 1,728,684 Average funding sources 648,918 581,034 — 1,229,952 Six Months Ended June 30, 2018: Fee income from customers $ 50,134 $ 694 $ 186 $ 51,014 Interest income* 12,175 13,690 (1,752) 24,113 Interest expense — 1,473 — 1,473 Intersegment income (expense) — 948 (948) — Tax-equivalized pre-tax income* 14,125 7,449 (1,566) 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 Average funding sources 631,022 574,419 — 1,205,441 * Presented on a tax-equivalent basis assuming a tax rate of 21% for both 2019 and 2018. The tax-equivalent adjustment was approximately $531,000 and $624,000 for the Second Quarter of 2019 and 2018, respectively, and $1,072,000 and $1,311,000 for the First Half of 2019 and 2018, respectively.

Loans by Type (Tables)

Loans by Type (Tables)	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Summary of Loan Categories	A summary of loan categories is as follows: June 30, December 31, (In thousands) 2019 2018 Commercial and industrial $ 348,176 $ 277,091 Real estate: Commercial: Mortgage 85,571 95,605 Construction 18,609 11,858 Faith-based: Mortgage 319,083 316,147 Construction 17,438 20,576 Other 1,675 310 Total loans $ 790,552 $ 721,587
Schedule of the Aging Loans by Loan Categories	Performing Nonperforming 90 Days 30-59 60-89 and Non- Total (In thousands) Current Days Days Over accrual Loans June 30, 2019 Commercial and industrial $ 348,176 $ — $ — $ — $ — $ 348,176 Real estate: Commercial: Mortgage 85,571 — — — — 85,571 Construction 18,609 — — — — 18,609 Faith-based: Mortgage 319,083 — — — — 319,083 Construction 17,438 — — — — 17,438 Other 1,675 — — — — 1,675 Total $ 790,552 $ — $ — $ — $ — $ 790,552 December 31, 2018 Commercial and industrial $ 277,091 $ — $ — $ — $ — $ 277,091 Real estate: Commercial: Mortgage 95,605 — — — — 95,605 Construction 11,858 — — — — 11,858 Faith-based: Mortgage 316,147 — — — — 316,147 Construction 20,576 — — — — 20,576 Other 310 — — — — 310 Total $ 721,587 $ — $ — $ — $ — $ 721,587
Schedule of Credit Exposure of the Loan Portfolio	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, 2019 Commercial and industrial $ 347,416 $ 760 $ — $ 348,176 Real estate: Commercial: Mortgage 85,434 137 — 85,571 Construction 18,609 — — 18,609 Faith-based: Mortgage 317,917 1,166 — 319,083 Construction 17,438 — — 17,438 Other 1,675 — — 1,675 Total $ 788,489 $ 2,063 $ — $ 790,552 December 31, 2018 Commercial and industrial $ 275,308 $ 1,783 $ — $ 277,091 Real estate: Commercial: Mortgage 95,447 158 — 95,605 Construction 11,858 — — 11,858 Faith-based: Mortgage 314,940 1,207 — 316,147 Construction 20,576 — — 20,576 Other 310 — — 310 Total $ 718,439 $ 3,148 $ — $ 721,587 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	December 31, Charge- June 30, (In thousands) 2018 Offs Recoveries Provision 2019 Commercial and industrial $ 4,179 $ — $ 31 $ 1,058 $ 5,268 Real estate: Commercial: Mortgage 1,417 — — (148) 1,269 Construction 89 — — 51 140 Church, church-related: Mortgage 3,961 — — 36 3,997 Construction 155 — — (24) 131 Other 424 — — (723) (299) Total $ 10,225 $ — $ 31 $ 250 $ 10,506 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

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2019
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 time deposits at June 30, 2019: Amount of Commitment Expiration per Period Less than 1-3 3-5 Over 5 (In thousands) Total 1 Year Years Years Years Time deposits 73,394 49,165 21,812 2,417 — Total $ 73,394 $ 49,165 $ 21,812 $ 2,417 $ —

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement [Abstract]
Summary of Restricted Stock Activity	Following is a summary of the activity of the restricted stock: Six Months Ended June 30, 2019 Shares Fair Value Balance at December 31, 2018 99,724 $ 45.48 Granted 35,002 49.02 Vested (13,264) 39.76 Balance at June 30, 2019 121,462 $ 47.13
Summary of SARs Activity	Weighted- Average Aggregate Average Remaining Intrinsic Exercise Contractual Value Shares Price Term Years (In thousands) Outstanding at December 31, 2018 237,121 $ 29.86 3.50 $ 5,468 Exercised (11,335) 21.95 — — Exercisable at June 30, 2019 225,786 $ 30.26 3.08 $ 4,114

Defined Pension Plans (Tables)

Defined Pension Plans (Tables)	6 Months Ended
	Jun. 30, 2019
Retirement Benefits [Abstract]
Schedule of Net Periodic Pension Costs	Estimated Actual (In thousands) 2019 2018 Service cost – benefits earned during the year $ 3,708 $ 4,017 Interest cost on projected benefit obligations 4,083 3,703 Expected return on plan assets (4,754) (5,202) Net amortization and deferral 1,634 1,522 Net periodic pension cost $ 4,671 $ 4,040
Schedule of Unfunded Supplemental Executive Retirement Plan	Estimated Actual (In thousands) 2019 2018 Service cost – benefits earned during the year $ 97 $ 92 Interest cost on projected benefit obligation 408 348 Net amortization 276 581 Net periodic pension cost $ 781 $ 1,021

Investment in Securities (Table

Investment in Securities (Tables)	6 Months Ended
	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities	June 30, 2019 Gross Gross Amortized Unrealized Unrealized (In thousands) Cost Gains Losses Fair Value State and political subdivisions $ 318,924 $ 12,181 $ 7 $ 331,098 U.S. government agencies 102,091 554 347 102,298 Certificates of deposit 1,995 — — 1,995 Total $ 423,010 $ 12,735 $ 354 $ 435,391 December 31, 2018 Gross Gross Amortized Unrealized Unrealized (In thousands) Cost Gains Losses Fair Value State and political subdivisions $ 332,732 $ 3,791 $ 1,806 $ 334,717 U.S. government agencies 106,153 86 1,417 104,822 Certificates of deposit 1,995 — — 1,995 Total $ 440,880 $ 3,877 $ 3,223 $ 441,534
Schedule of the Fair Value of Securities with Unrealized Losses	June 30, 2019 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 $ 1,007 $ — $ 2,976 $ 7 $ 3,983 $ 7 U.S. government agencies — — 33,472 347 33,472 347 Total $ 1,007 $ — $ 36,448 $ 354 $ 37,455 $ 354 December 31, 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 $ 91,248 $ 556 $ 60,546 $ 1,250 $ 151,794 $ 1,806 U.S. government agencies 30,409 130 38,005 1,287 68,414 1,417 Total $ 121,657 $ 686 $ 98,551 $ 2,537 $ 220,208 $ 3,223
Schedule of Amortized Cost and Fair Value of Investment	June 30, 2019 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 25,149 $ 25,232 Due after 1 year through 5 years 114,928 116,965 Due after 5 years through 10 years 236,912 247,152 Due after 10 years 46,021 46,042 Total $ 423,010 $ 435,391

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
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, 2019 December 31, 2018 Carrying Carrying (In thousands) Amount Fair Value Amount Fair Value Balance sheet assets: Cash and cash equivalents $ 183,513 $ 183,513 $ 230,933 $ 230,933 Investment securities 435,391 435,391 441,534 441,534 Loans, net 780,046 782,301 711,362 711,090 Accrued interest receivable 7,180 7,180 7,069 7,069 Total $ 1,406,130 $ 1,408,385 $ 1,390,898 $ 1,390,626 Balance sheet liabilities: Deposits $ 636,629 $ 637,586 $ 721,926 $ 722,018 Accounts and drafts payable 794,871 794,871 694,360 694,360 Accrued interest payable 191 191 91 91 Total $ 1,431,691 $ 1,432,648 $ 1,416,377 $ 1,416,469

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Schedule of Revenue from Contracts with Customers	For the Three Months For the Six Months Ended June 30, Ended June 30, (In thousands) 2019 2018 2019 2018 Fee revenue and other income In-scope of FASB ASC 606 Invoice processing fees $ 20,447 $ 19,467 $ 40,989 $ 38,616 Invoice payment fees 6,405 5,754 12,320 11,432 Information services payment and processing revenue 26,852 25,221 53,309 50,048 Bank service fees 301 359 677 694 Fee revenue (in-scope of FASB ASC 606) 27,153 25,580 53,986 50,742 Other income (out-of-scope of FASB ASC 606) 219 60 399 272 Total fee revenue and other income 27,372 25,640 54,385 51,014 Net interest income after provision for loan losses (out-of-scope of FASB ASC 606) 1 12,022 10,719 23,379 21,328 Total net revenue $ 39,394 $ 36,359 $ 77,764 $ 72,342 1 The Company earns interest income from the balances generated during the invoice processing and payment cycle and on deposit accounts, which is an integral component of the Company’s compensation for services provided; but, is out-of-scope of FASB ASC 606.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of Operating Lease Liabilities	A maturity analysis of operating lease liabilities and undiscounted cash flows as of June 30, 2019 was as follows: June 30, (In thousands) 2019 Lease payments due Less than 1 year $ 1,689 1-2 years 1,708 2-3 years 1,536 3-4 years 1,191 4-5 years 388 Over 5 years 2,169 Total undiscounted cash flows 8,681 Discount on cash flows 1,391 Total lease liability $ 7,290

Intangible Assets (Narrative) (

Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 102	$ 111	$ 209	$ 221
2019	412		412
2020	406		406
2021	406		406
2022	88		88
2023	$ 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, 2019	Dec. 31, 2018
Unamortized intangible assets:
Goodwill, Gross Carrying Amount	[1]	$ 12,796	$ 12,796
Goodwill, Accumulated Amortization	[1]	(227)	(227)
Total intangible assets		18,222	18,222
Accumulated Amortization		(4,308)	(4,099)
Customer Lists [Member]
Assets eligible for amortization:
Gross Carrying Amount		4,288	4,288
Accumulated Amortization		(3,256)	(3,071)
Patents [Member]
Assets eligible for amortization:
Gross Carrying Amount		72	72
Accumulated Amortization		(18)	(16)
Non-compete Agreements [Member]
Assets eligible for amortization:
Gross Carrying Amount		332	332
Accumulated Amortization		(332)	(326)
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		$ (241)	$ (225)
[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, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Basic:
Net income	$ 7,684	$ 7,509	$ 15,847	$ 15,601
Weighted-average common shares outstanding	14,434,232	14,687,882	14,444,821	14,683,773
Basic earnings per share	$ 0.53	$ 0.51	$ 1.10	$ 1.06
Diluted:
Net Income	$ 7,684	$ 7,509	$ 15,847	$ 15,601
Weighted-average common shares outstanding	14,434,232	14,687,882	14,444,821	14,683,773
Effect of dilutive restricted stock and stock appreciation rights	258,032	246,330	255,613	236,666
Weighted-average common shares outstanding assuming dilution	14,692,264	14,934,212	14,700,434	14,920,439
Diluted earnings per share	$ 0.52	$ 0.50	$ 1.08	$ 1.05

Stock Repurchases (Details)

Stock Repurchases (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Equity [Abstract]
Number of shares authorized to be repurchased	500,000		500,000
Shares repurchased	46,778	7,200	154,593	18,656
Remaining number of shares available for repurchase	450,222		450,222

Industry Segment Information (D

Industry Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Fee revenue and other income:
Fee income from customers		$ 27,372	$ 25,640	$ 54,385	$ 51,014
Interest income	[1]	13,858	12,137	27,296	24,113
Interest expense		1,305	794	2,595	1,473
Intersegment income (expense)
Tax-equivalized pre-tax income	[1]	9,954	9,520	20,403	20,008
Goodwill		12,569	12,569	12,569	12,569	$ 12,569
Other intangible assets, net		1,345	1,775	1,345	1,775
Total assets		1,728,684	1,570,305	1,728,684	1,570,305	$ 1,695,176
Average funding sources		1,221,211	1,170,524	$ 1,229,952	$ 1,205,441
Tax-equivalent basis tax rate				21.00%	21.00%
Tax-equivalent adjustment		531	624	$ 1,072	$ 1,311
Information Services [Member]
Fee revenue and other income:
Fee income from customers		27,227	25,262	54,023	50,134
Interest income	[1]	6,336	6,017	12,513	12,175
Interest expense
Intersegment income (expense)
Tax-equivalized pre-tax income	[1]	6,791	6,750	14,378	14,125
Goodwill		12,433	12,433	12,433	12,433
Other intangible assets, net		1,345	1,775	1,345	1,775
Total assets		934,620	807,571	934,620	807,571
Average funding sources		650,231	617,287	648,918	631,022
Banking Services [Member]
Fee revenue and other income:
Fee income from customers		392	318	783	694
Interest income	[1]	7,666	6,795	15,152	13,690
Interest expense		1,305	794	2,595	1,473
Intersegment income (expense)		535	486	1,054	948
Tax-equivalized pre-tax income	[1]	3,555	3,385	6,815	7,449
Goodwill		136	136	136	136
Other intangible assets, net
Total assets		816,661	806,560	816,661	806,560
Average funding sources		570,980	553,237	581,034	574,419
Corporate Eliminations and Other [Member]
Fee revenue and other income:
Fee income from customers		(247)	60	(421)	186
Interest income	[1]	(144)	(675)	(369)	(1,752)
Interest expense
Intersegment income (expense)		(535)	(486)	(1,054)	(948)
Tax-equivalized pre-tax income	[1]	(392)	(615)	(790)	(1,566)
Goodwill
Other intangible assets, net
Total assets		(22,597)	(43,826)	(22,597)	(43,826)
Average funding sources
[1]	Presented on a tax-equivalent basis assuming a tax rate of 21% for both 2019 and 2018. The tax-equivalent adjustment was approximately $531,000 and $624,000 for the Second Quarter of 2019 and 2018, respectively, and $1,072,000 and $1,311,000 for the First Half of 2019 and 2018, respectively.

Loans by Type (Summary of Loan

Loans by Type (Summary of Loan Categories) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Participating Mortgage Loans [Line Items]
Loans	$ 790,552	$ 721,587
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Loans	348,176	277,091
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans	85,571	95,605
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Loans	18,609	11,858
Real Estate Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans	319,083	316,147
Real Estate Faith-based Construction [Member]
Participating Mortgage Loans [Line Items]
Loans	17,438	20,576
Other Loan [Member]
Participating Mortgage Loans [Line Items]
Loans	$ 1,675	$ 310

Loans by Type (Schedule of the

Loans by Type (Schedule of the Aging of Loans by Loan Categories) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	790,552	721,587
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	348,176	277,091
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	85,571	95,605
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	18,609	11,858
Real Estate Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	319,083	316,147
Real Estate Faith-based Construction [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	17,438	20,576
Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	1,675	310
Current [Member]
Participating Mortgage Loans [Line Items]
Current	790,552	721,587
Current [Member] | Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Current	348,176	277,091
Current [Member] | Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Current	85,571	95,605
Current [Member] | Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Current	18,609	11,858
Current [Member] | Real Estate Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Current	319,083	316,147
Current [Member] | Real Estate Faith-based Construction [Member]
Participating Mortgage Loans [Line Items]
Current	17,438	20,576
Current [Member] | Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Current	1,675	310
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 Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Real Estate Faith-based Construction [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 Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Real Estate Faith-based Construction [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 Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Real Estate Faith-based Construction [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 th_2

Loans by Type (Schedule of the Credit Exposure of the Loan Portfolio) (Details) - USD ($) $ in Thousands		Jun. 30, 2019	Dec. 31, 2018
Participating Mortgage Loans [Line Items]
Loans		$ 790,552	$ 721,587
Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	788,489	718,439
Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	2,063	3,148
Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Loans		348,176	277,091
Commercial and Industrial [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	347,416	275,308
Commercial and Industrial [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	760	1,783
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		85,571	95,605
Real Estate Commercial Mortgage [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	85,434	95,447
Real Estate Commercial Mortgage [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	137	158
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		18,609	11,858
Real Estate Commercial Construction [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	18,609	11,858
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 Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans		319,083	316,147
Real Estate Church, church-related Mortgage [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	317,917	314,940
Real Estate Church, church-related Mortgage [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	1,166	1,207
Real Estate Church, church-related Mortgage [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Church, church-related Construction [Member]
Participating Mortgage Loans [Line Items]
Loans		17,438	20,576
Real Estate Church, church-related Construction [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	17,438	20,576
Real Estate Church, church-related Construction [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Church, church-related Construction [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		1,675	310
Other Financing Receivable [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	1,675	310
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, 2019	Jun. 30, 2018
Participating Mortgage Loans [Line Items]
Beginning Balance	$ 10,225	$ 10,205
Charge-Offs
Recoveries	31	10
Provision	250
Ending Balance	10,506	10,215
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	4,179	3,652
Charge-Offs
Recoveries	31	10
Provision	1,058	311
Ending Balance	5,268	3,973
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	1,417	1,394
Charge-Offs
Recoveries
Provision	(148)	(80)
Ending Balance	1,269	1,314
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	89	70
Charge-Offs
Recoveries
Provision	51	90
Ending Balance	140	160
Real Estate Church, church-related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	3,961	3,962
Charge-Offs
Recoveries
Provision	36	(71)
Ending Balance	3,997	3,891
Real Estate Church, church-related Construction [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	155	196
Charge-Offs
Recoveries
Provision	(24)	68
Ending Balance	131	264
Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	424	879
Charge-Offs
Recoveries
Provision	(723)	(293)
Ending Balance	$ (299)	586
Industrial Revenue Bonds [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance		52
Charge-Offs
Recoveries
Provision		(25)
Ending Balance		$ 27

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details) $ in Thousands	Jun. 30, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Unused loan commitments	$ 145,871
Standby letters of credit	9,927
Commercial letters of credit	$ 2,908

Commitments and Contingencies_3

Commitments and Contingencies (Summary of Company's Contractual Cash Obligations) (Details) $ in Thousands	Jun. 30, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Time Deposits, Less than 1 Year	$ 49,165
Time Deposits, 1 to 3 Years	21,812
Time Deposits, 3 to 5 Years	2,417
Time Deposits, over 5 Years
Time Deposits, Total	73,394
Commitments, Less than 1 Year	49,165
Commitments, 1 to 3 Years	21,812
Commitments, 3 to 5 Years	2,417
Commitments, Over 5 Years
Commitments, Total	$ 73,394

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
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	$ 2,204
Total unrecognized compensation expense, weighted average period	11 months 26 days
Vesting period	3 years
Granted, Shares	35,002
Outstanding, Shares	121,462	99,724
Fair value of granted shares per share	$ 49.02
Performance-based restricted shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Granted, Shares	36,403
Performance-based restricted shares [Member] | February 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Shares	30,057
Percentage of target opportunity for awards to vest	120.00%
Fair value of granted shares per share	$ 49.33
Expense incurred to grant shares	$ 595
Expiry period	3 years
Maturity date	Dec. 31, 2019
Performance-based restricted shares [Member] | February 2017 [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest	0.00%
Performance-based restricted shares [Member] | February 2017 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest	150.00%
Performance-based restricted shares [Member] | February and July 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Shares	35,258
Percentage of target opportunity for awards to vest	117.00%
Fair value of granted shares per share	$ 49.04
Expense incurred to grant shares	$ 674
Expiry period	3 years
Maturity date	Dec. 31, 2020
Performance-based restricted shares [Member] | February and July 2018 [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest	0.00%
Performance-based restricted shares [Member] | February and July 2018 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest	150.00%
Performance-based restricted shares [Member] | February 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Shares	36,403
Percentage of target opportunity for awards to vest	108.00%
Fair value of granted shares per share	$ 49.10
Expense incurred to grant shares	$ 590
Expiry period	3 years
Maturity date	Dec. 31, 2021
Performance-based restricted shares [Member] | February 2019 [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest	0.00%
Performance-based restricted shares [Member] | February 2019 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest	150.00%
SARs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Shares	0
Outstanding, Shares		237,121

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Restricted Stock Activity) (Details) - Restricted Stock [Member]	6 Months Ended
	Jun. 30, 2019$ / sharesshares
Shares
Beginning balance | shares	99,724
Granted | shares	35,002
Vested | shares	(13,264)
Ending balance | shares	121,462
Fair Value
Beginning balance | $ / shares	$ 45.48
Granted | $ / shares	49.02
Vested | $ / shares	39.76
Ending balance | $ / shares	$ 47.13

Stock-Based Compensation (Sum_2

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, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance	237,121
Exercised	(11,335)
Ending balance		237,121
Exercisable	225,786
Beginning balance, Weighted Average Exercise Price	$ 29.86
Exercised, Weighted Average Exercise Price	21.95
Ending balance, Weighted Average Exercise Price		$ 29.86
Exercisable, Weighted Average Exercise Price	$ 30.26
Beginning balance, Average Remaining Contractual Term Years		3 years 6 months
Exercisable, Average Remaining Contractual Term Years	3 years 29 days
Beginning balance, Aggregate Intrinsic Value	$ 5,468
Ending balance, Aggregate Intrinsic Value		$ 5,468
Exercisable, Aggregate Intrinsic Value	$ 4,114

Defined Pension Plans (Narrativ

Defined Pension Plans (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Pension period			30 years
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension costs	$ 1,186	$ 1,049	$ 2,365	$ 2,098
Unfunded Supplemental Executive Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension costs	$ 196	$ 256	$ 391	$ 511

Defined Pension Plans (Schedule

Defined Pension Plans (Schedule of Net Periodic Pension Costs) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost - benefits earned during the year	$ 3,708	$ 4,017
Interest cost on projected benefit obligation	4,083	3,703
Expected return on plan assets	(4,754)	(5,202)
Net amortization	1,634	1,522
Net periodic pension cost	4,671	4,040
Unfunded Supplemental Executive Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost - benefits earned during the year	97	92
Interest cost on projected benefit obligation	408	348
Net amortization	276	581
Net periodic pension cost	$ 781	$ 1,021

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 1,499	$ 1,403
Amounts of tax benefits that would affect effective tax rate if recognized	1,380	1,272
Income tax accrued interest	173	136
Income tax penalties accrued
Statute of limitations	$ 317

Investment in Securities (Narra

Investment in Securities (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Number of securities that had an unrealized loss	17		17		136
Number of securities that had an unrealized loss, greater than 12 months	15		15		61
Percentage of total securities	6.00%		6.00%		43.00%
Proceeds from sales of securities available-for-sale	$ 3,547	$ 48,977	$ 4,648	$ 58,520
Gross realized gains	8	$ 55	19	$ 42
Securities pledged as collateral

Investment in Securities (Sched

Investment in Securities (Schedule of Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Investment [Line Items]
Fair Value	$ 435,391	$ 441,534
Gross Unrealized Gains	12,735	3,877
Gross Unrealized Losses	354	3,223
Amortized Cost	423,010	440,880
State and Political Subdivisions [Member]
Investment [Line Items]
Fair Value	331,098	334,717
Gross Unrealized Gains	12,181	3,791
Gross Unrealized Losses	7	1,806
Amortized Cost	318,924	332,732
U.S. government agencies [Member]
Investment [Line Items]
Fair Value	102,298	104,822
Gross Unrealized Gains	554	86
Gross Unrealized Losses	347	1,417
Amortized Cost	102,091	106,153
Certificates of Deposit [Member]
Investment [Line Items]
Fair Value	1,995	1,995
Gross Unrealized Gains
Gross Unrealized Losses
Amortized Cost	$ 1,995	$ 1,995

Investment in Securities (Sch_2

Investment in Securities (Schedule of the Fair Values of Securities with Unrealized Losses) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Investment [Line Items]
Estimated fair value, less than 12 months	$ 1,007	$ 121,657
Estimated fair value, 12 months or more	36,448	98,551
Estimated fair value, total	37,455	220,208
Unrealized losses, less than 12 months		686
Unrealized losses, 12 months or more	354	2,537
Unrealized losses, total	354	3,223
State and Political Subdivisions [Member]
Investment [Line Items]
Estimated fair value, less than 12 months	1,007	91,248
Estimated fair value, 12 months or more	2,976	60,546
Estimated fair value, total	3,983	151,794
Unrealized losses, less than 12 months		556
Unrealized losses, 12 months or more	7	1,250
Unrealized losses, total	7	1,806
U.S. government agencies [Member]
Investment [Line Items]
Estimated fair value, less than 12 months		30,409
Estimated fair value, 12 months or more	33,472	38,005
Estimated fair value, total	33,472	68,414
Unrealized losses, less than 12 months		130
Unrealized losses, 12 months or more	347	1,287
Unrealized losses, total	$ 347	$ 1,417

Investment in Securities (Sch_3

Investment in Securities (Schedule of Amortized Cost and Fair Value of Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Amortized Cost, Due in 1 year or less	$ 25,149
Amortized Cost, Due after 1 year through 5 years	114,928
Amortized Cost, Due after 5 years through 10 years	236,912
Amortized Cost, Due after 10 years	46,021
Amortized Cost, Total	423,010
Fair Value, Due in 1 year or less	25,232
Fair Value, Due after 1 year through 5 years	116,965
Fair Value, Due after 5 years through 10 years	247,152
Fair Value, Due after 10 years	46,042
Fair Value, Total	$ 435,391	$ 441,534

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Cash and cash equivalents, Carrying Amount	$ 183,513	$ 230,933	$ 126,203	$ 228,110
Investment securities, Carrying Amount	435,391	441,534
Loans, net, Carrying Amount	780,046	711,362
Accrued interest receivable, Carrying Amount	7,180	7,069
Assets, Carrying Amount	1,406,130	1,390,898
Cash and cash equivalents, Fair Value	183,513	230,933
Investment securities, Fair Value	435,391	441,534
Loans, net, Fair Value	782,301	711,090
Accrued interest receivable, Fair Value	7,180	7,069
Assets, Fair Value	1,408,385	1,390,626
Deposits, Carrying Amount	636,629	721,926
Accounts and drafts payable, Carrying Amount	794,871	694,360
Accrued interest payable, Carrying Amount	191	91
Liabilities, Carrying Amount	1,431,691	1,416,377
Deposits, Fair Value	637,586	722,018
Accounts and drafts payable, Fair Value	794,871	694,360
Accrued interest payable, Fair Value	191	91
Liabilities, Fair Value	$ 1,432,648	$ 1,416,469

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Schedule of Revenue from Contracts with Customers) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Fee revenue and other income:
In-scope of FASB ASC 606 - Invoice processing fees		$ 20,447	$ 19,467	$ 40,989	$ 38,616
In-scope of FASB ASC 606 - Invoice payment fees		6,405	5,754	12,320	11,432
Information services payment and processing revenue		26,852	25,221	53,309	50,048
Bank service fees		301	359	677	694
Fee revenue (in-scope of FASB ASC 606)		27,153	25,580	53,986	50,742
Other income (out-of-scope of FASB ASC 606)		219	60	399	272
Total fee revenue and other income		27,372	25,640	54,385	51,014
Net interest income after provision for loan losses (out-of-scope of FASB ASC 606)	[1]	12,022	10,719	23,379	21,328
Total net revenue		$ 39,394	$ 36,359	$ 77,764	$ 72,342
[1]	The Company earns interest income from the balances generated during the invoice processing and payment cycle and on deposit accounts, which is an integral component of the Company’s compensation for services provided; but, is out-of-scope of FASB ASC 606.

Leases (Narrative) (Details)

Leases (Narrative) (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)
Leases [Abstract]
Lease liabilities	$ 7,290	$ 7,290
Right-of-use assets	6,570	6,570
Short-term lease cost	38	74
Operating lease cost	$ 420	$ 840
Weighted average remaining lease term	6 years 10 months 24 days	6 years 10 months 24 days
Weighted average discount rate	5.50%	5.50%
Additional lease liabilities	$ 800	$ 800

Leases (Schedule of operating l

Leases (Schedule of operating lease liabilities) (Details) $ in Thousands	Jun. 30, 2019USD ($)
Lease payments due
Less than 1 year	$ 1,689
1-2 years	1,708
2-3 years	1,536
3-4 years	1,191
4-5 years	388
Over 5 years	2,169
Total undiscounted cash flows	8,681
Discount on cash flows	1,391
Total lease liability	$ 7,290