Cass Information Systems (CASS) 10-Q 7 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 25, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Sep. 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	506-5500
Entity Information, Former Legal or Registered Name	N/A
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
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		14,497,763
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	Sep. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 24,472	$ 15,042
Interest-bearing deposits in other financial institutions	114,869	179,281
Federal funds sold and other short-term investments	83,397	36,610
Cash and cash equivalents	222,738	230,933
Securities available-for-sale, at fair value	427,591	441,534
Loans	767,384	721,587
Less: Allowance for loan losses	10,509	10,225
Loans, net	756,875	711,362
Payments in excess of funding	208,225	160,777
Premises and equipment, net	20,775	22,031
Investment in bank-owned life insurance	17,484	17,384
Goodwill	15,894	12,569
Other intangible assets, net	3,170	1,554
Other assets	108,258	97,032
Total assets	1,781,010	1,695,176
Deposits:
Noninterest-bearing	310,695	313,258
Interest-bearing	400,538	408,668
Total deposits	711,233	721,926
Accounts and drafts payable	762,075	694,360
Other liabilities	61,085	49,042
Total liabilities	1,534,393	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 September 30, 2019 and December 31, 2018	7,753	7,753
Additional paid-in capital	205,775	205,770
Retained earnings	87,887	75,171
Common shares in treasury, at cost (1,008,009 shares at September 30, 2019 and 894,486 shares at December 31, 2018)	(45,985)	(39,974)
Accumulated other comprehensive loss	(8,813)	(18,872)
Total shareholders' equity	246,617	229,848
Total liabilities and shareholders' equity	$ 1,781,010	$ 1,695,176

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 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	1,008,009	894,486

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Fee Revenue and Other Income:
Information services payment and processing revenue	$ 27,741	$ 26,020	$ 81,050	$ 76,068
Bank service fees	307	300	984	994
Gains (losses) on sales of securities			19	(42)
Other	214	115	594	429
Total fee revenue and other income	28,262	26,435	82,647	77,449
Interest Income:
Interest and fees on loans	9,548	8,367	27,564	23,832
Interest and dividends on securities:
Taxable	612	618	1,893	1,428
Exempt from federal income taxes	1,925	2,111	5,956	7,008
Interest on federal funds sold and other short-term investments	1,581	1,119	4,477	2,748
Total interest income	13,666	12,215	39,890	35,016
Interest Expense:
Interest on deposits	1,392	1,029	3,987	2,502
Net interest income	12,274	11,186	35,903	32,514
Provision for loan losses			250
Net interest income after provision for loan losses	12,274	11,186	35,653	32,514
Total net revenue	40,536	37,621	118,300	109,963
Operating Expense:
Personnel	23,514	21,747	68,594	63,718
Occupancy	973	975	2,930	2,754
Equipment	1,554	1,434	4,575	4,150
Amortization of intangible assets	150	110	359	331
Other operating expense	4,372	4,264	12,538	11,222
Total operating expense	30,563	28,530	88,996	82,175
Income before income tax expense	9,973	9,091	29,304	27,788
Income tax expense	1,787	1,481	5,271	4,577
Net income	$ 8,186	$ 7,610	$ 24,033	$ 23,211
Basic earnings per share	$ 57	$ 52	$ 1.66	$ 1.58
Diluted earnings per share	$ 56	$ 51	$ 1.64	$ 1.55

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Comprehensive Income:
Net income	$ 8,186	$ 7,610	$ 24,033	$ 23,211
Other comprehensive income:
Net unrealized gain (loss) on securities available-for-sale	1,571	(2,835)	13,317	(13,029)
Tax effect	(374)	675	(3,170)	3,101
Reclassification adjustments for (gains) losses included in net income			(19)	42
Tax effect			5	(10)
Foreign currency translation adjustments	(78)	(21)	(74)	(91)
Total comprehensive income	$ 9,305	$ 5,429	$ 34,092	$ 13,224

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash Flows From Operating Activities:
Net income	$ 24,033	$ 23,211
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	8,103	8,524
Net (gains) losses on sales of securities	(19)	42
Stock-based compensation expense	2,286	2,238
Provision for loan losses	250
(Decrease) increase in income tax liability	(1,384)	773
Increase in pension liability	3,888	3,688
(Increase) decrease in accounts receivable	(399)	4,027
Other operating activities, net	3,016	(3,707)
Net cash provided by operating activities	39,774	38,796
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	18,001	26,041
Purchase of securities available-for-sale		(78,772)
Net increase in loans	(45,763)	(39,993)
Increase in payments in excess of funding	(47,448)	(21,977)
Purchases of premises and equipment, net	(1,877)	(3,956)
Acquisition of Gateway Giving, LLC	(3,000)
Net cash used in investing activities	(75,439)	(60,137)
Cash Flows From Financing Activities:
Net decrease in noninterest-bearing demand deposits	(2,563)	(11,146)
Net decrease in interest-bearing demand and savings deposits	(10,485)	(35,988)
Net increase in time deposits	2,355	3,771
Net increase in accounts and drafts payable	57,772	27,849
Cash dividends paid	(11,317)	(9,342)
Purchase of common shares for treasury	(7,799)	(1,409)
Other financing activities, net	(493)	(457)
Net cash provided by (used in) by financing activities	27,470	(26,722)
Net decrease in cash and cash equivalents	(8,195)	(48,063)
Cash and cash equivalents at beginning of period	230,933	228,110
Cash and cash equivalents at end of period	222,738	180,047
Supplemental information:
Cash paid for interest	3,831	2,459
Cash paid for income taxes	$ 6,648	$ 3,776

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			23,211			23,211
Cash dividends			(9,342)			(9,342)
Issuance of common shares pursuant to stock-based compensation plan, net		(1,021)		614		(407)
Exercise of SARs		(877)		301		(576)
Stock-based compensation expense		2,238				2,238
Purchase of common shares				(883)		(883)
Other comprehensive income (loss)					(9,987)	(9,987)
Balance at Sep. 30, 2018	6,524	204,971	73,183	(32,029)	(23,307)	229,342
Balance at Jun. 30, 2018	6,524	204,687	68,771	(32,243)	(21,126)	226,613
Net income			7,610			7,610
Cash dividends			(3,198)			(3,198)
Issuance of common shares pursuant to stock-based compensation plan, net		(23)		63		40
Exercise of SARs		(454)		151		(303)
Stock-based compensation expense		761				761
Other comprehensive income (loss)					(2,181)	(2,181)
Balance at Sep. 30, 2018	6,524	204,971	73,183	(32,029)	(23,307)	229,342
Balance at Dec. 31, 2018	7,753	205,770	75,171	(39,974)	(18,872)	229,848
Net income			24,033			24,033
Cash dividends			(11,317)			(11,317)
Issuance of common shares pursuant to stock-based compensation plan, net		(1,426)		1,324		(102)
Exercise of SARs		(855)		464		(391)
Stock-based compensation expense		2,286				2,286
Purchase of common shares				(7,799)		(7,799)
Other comprehensive income (loss)					10,059	10,059
Balance at Sep. 30, 2019	7,753	205,775	87,887	(45,985)	(8,813)	246,617
Balance at Jun. 30, 2019	7,753	205,463	83,470	(46,333)	(9,932)	240,421
Net income			8,186			8,186
Cash dividends			(3,769)			(3,769)
Issuance of common shares pursuant to stock-based compensation plan, net		(5)		48		43
Exercise of SARs		(552)		300		(252)
Stock-based compensation expense		869				869
Other comprehensive income (loss)					1,119	1,119
Balance at Sep. 30, 2019	$ 7,753	$ 205,775	$ 87,887	$ (45,985)	$ (8,813)	$ 246,617

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Stockholders' Equity [Abstract]
Cash dividends, per share	$ 26	$ 20	$ 26	$ 20
Stock issued pursuant to stock-based compensation	795	1,787	36,062	34,215
Shares repurchased during period			154,593	18,656

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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. In September 2019, the Company acquired the assets of Gateway Giving, LLC and recorded intangible assets of $5,300,000. The purchase price of the acquisition consisted of a cash payment of $3,000,000 and a potential earnout of $4,000,000. The Company estimated the earnout component to be $2,300,000. Those intangible assets were estimated as $3,325,000 for goodwill, $1,500,000 for software, $325,000 for the customer list, and $150,000 for non-compete agreements. The amounts recorded for the software, the customer list, the non-compete agreements, and goodwill were done so on a provisional basis and will be adjusted upon the completion of a valuation. Details of the Company’s intangible assets are as follows: September 30, 2019 December 31, 2018 (In thousands) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Assets eligible for amortization: Customer lists $ 4,613 $ (3,352) $ 4,288 $ (3,071) Patents 72 (19) 72 (16) Non-compete agreements 482 (334) 332 (326) Software 1,734 (276) 234 (234) Other 500 (250) 500 (225) Unamortized intangible assets: Goodwill 1 16,121 (227) 12,796 (227) Total intangible assets $ 23,522 $ (4,458) $ 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	9 Months Ended
	Sep. 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 nine months ended September 30, 2019 and 2018. The calculations of basic and diluted earnings per share are as follows: Three Months Ended September 30, Nine Months Ended September 30, (In thousands except share and per share data) 2019 2018 2019 2018 Basic: Net income $ 8,186 $ 7,610 $ 24,033 $ 23,211 Weighted-average common shares outstanding 14,417,725 14,695,170 14,435,670 14,687,614 Basic earnings per share $ .57 $ .52 $ 1.66 $ 1.58 Diluted: Net income $ 8,186 $ 7,610 $ 24,033 $ 23,211 Weighted-average common shares outstanding 14,417,725 14,695,170 14,435,670 14,687,614 Effect of dilutive restricted stock and stock appreciation rights 262,917 248,010 258,123 240,489 Weighted-average common shares outstanding assuming dilution 14,680,642 14,943,180 14,693,793 14,928,103 Diluted earnings per share $ .56 $ .51 $ 1.64 $ 1.55

Stock Repurchases

Stock Repurchases	9 Months Ended
	Sep. 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 October 22, 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 did not repurchase shares during the three-month periods ended September 30, 2019 and 2018 and repurchased 154,593 and 18,656 during the nine-month periods ended September 30, 2019 and 2018, respectively. As of September 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	9 Months Ended
	Sep. 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 (as defined in the footnote to the chart on the following table) pre-tax income after allocations for corporate expenses. Transactions between segments are accounted for at what management believes to be fair value. Substantially all revenue originates from, and all long-lived assets are located within the United States, and no revenue from any customer of any segment exceeds 10% of the Company’s consolidated revenue. Funding sources represent average balances and deposits generated by Information Services and Banking Services and there is no allocation methodology used. Segment interest income is a function of the relative share of average funding sources generated by each segment multiplied by the following rates: • Information Services – one or more fixed rates depending upon the specific characteristics of the funding source, and • Banking Services – a variable rate that is based upon the overall performance of the Company’s earning assets. Any difference between total segment interest income and overall total Company interest income is included in Corporate, Eliminations, and Other. Summarized information about the Company’s operations in each industry segment is as follows: (In thousands) Information Services Banking Services Corporate, Eliminations and Other Total Three Months Ended September 30, 2019 Fee income from customers $ 28,026 $ 257 $ (21) $ 28,262 Interest income* 6,760 7,930 (513) 14,177 Interest expense — 1,392 — 1,392 Intersegment income (expense) — 533 (533) — Tax-equivalized pre-tax income* 7,619 3,399 (534) 10,484 Goodwill 15,758 136 — 15,894 Other intangible assets, net 3,170 — — 3,170 Total Assets 908,946 862,142 9,922 1,781,010 Average Funding Sources 704,772 588,226 — 1,292,998 Three Months Ended September 30, 2018 Fee income from customers $ 26,263 $ 253 $ (81) $ 26,435 Interest income* 6,446 6,661 (329) 12,778 Interest expense — 1,029 — 1,029 Intersegment income (expense) — 467 (467) — Tax-equivalized pre-tax income* 7,269 2,796 (411) 9,654 Goodwill 12,433 136 — 12,569 Other intangible assets, net 1,664 — — 1,664 Total Assets 903,055 847,673 (72,481) 1,678,247 Average Funding Sources 650,267 550,594 — 1,200,861 Nine Months Ended September 30, 2019 Fee income from customers $ 82,049 $ 1,040 $ (442) $ 82,647 Interest income* 19,273 23,082 (883) 41,472 Interest expense — 3,987 — 3,987 Intersegment income (expense) — 1,587 (1,587) — Tax-equivalized pre-tax income* 21,997 10,214 (1,324) 30,887 Goodwill 15,758 136 — 15,894 Other intangible assets, net 3,170 — — 3,170 Total Assets 908,946 862,142 9,922 1,781,010 Average Funding Sources 667,741 583,458 — 1,251,199 Nine Months Ended September 30, 2018 Fee income from customers $ 76,397 $ 947 $ 105 $ 77,449 Interest income* 18,621 20,351 (2,081) 36,891 Interest expense — 2,502 — 2,502 Intersegment income (expense) — 1,415 (1,415) — Tax-equivalized pre-tax income* 21,394 10,245 (1,976) 29,663 Goodwill 12,433 136 — 12,569 Other intangible assets, net 1,664 — — 1,664 Total Assets 903,055 847,673 (72,481) 1,678,247 Average Funding Sources 637,508 566,390 — 1,203,898 * Presented on a tax-equivalent basis assuming a tax rate of 21% for both 2019 and 2018. The tax-equivalent adjustment was approximately $511,000 and $564,000 for the Three Months Ended 2019 and 2018, respectively, and $1,583,000 and $1,875,000 for the Nine Months Ended 2019 and 2018, respectively.

Loans by Type

Loans by Type	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Loans by Type	Note 6 – Loans by Type A summary of loan categories is as follows: (In thousands) September 30, 2019 December 31, 2018 Commercial and industrial $ 325,077 $ 277,091 Real estate: Commercial: Mortgage 83,925 95,605 Construction 24,026 11,858 Faith-based: Mortgage 318,809 316,147 Construction 15,545 20,576 Other 2 310 Total loans $ 767,384 $ 721,587 The following table presents the aging of loans by loan categories at September 30, 2019 and December 31, 2018: Performing Nonperforming (In thousands) Current 30-59 Days 60-89 Days 90 Days and Over Non- accrual Total Loans September 30, 2019 Commercial and industrial $ 325,077 $ — $ — $ — $ — $ 325,077 Real estate: Commercial: Mortgage 83,925 — — — — 83,925 Construction 24,026 — — — — 24,026 Faith-based: Mortgage 318,809 — — — — 318,809 Construction 15,545 — — — — 15,545 Other 2 — — — — 2 Total $ 767,384 $ — $ — $ — $ — $ 767,384 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 as of September 30, 2019 and December 31, 2018: (In thousands) Loans Subject to Normal Monitoring 1 Performing Loans Subject to Special Monitoring 2 Nonperforming Loans Subject to Special Monitoring 2 Total Loans September 30, 2019 Commercial and industrial $ 322,491 $ 2,586 $ — $ 325,077 Real estate: Commercial: Mortgage 83,925 — — 83,925 Construction 24,026 — — 24,026 Faith-based: Mortgage 317,479 1,330 — 318,809 Construction 15,545 — — 15,545 Other 2 — — 2 Total $ 763,468 $ 3,916 $ — $ 767,384 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 restructuring at September 30, 2019 and December 31, 2018. There were no foreclosed loans recorded as other real estate owned as of September 30, 2019 and December 31, 2018. A summary of the activity in the allowance for loan losses from December 31, 2018 to September 30, 2019 is as follows: (In thousands) December 31, 2018 Charge- Offs Recoveries Provision September 30, 2019 Commercial and industrial $ 4,179 $ — $ 34 $ 672 $ 4,885 Real estate: Commercial: Mortgage 1,417 — — (161) 1,256 Construction 89 — — 91 180 Faith-based: Mortgage 3,961 — — 32 3,993 Construction 155 — — (38) 117 Other 424 — — (346) 78 Total $ 10,225 $ — $ 34 $ 250 $ 10,509 A summary of the activity in the allowance for loan losses from December 31, 2017 to September 30, 2018 is as follows: (In thousands) December 31, 2017 Charge- Offs Recoveries Provision September 30, 2018 Commercial and industrial $ 3,652 $ — $ 15 $ 535 $ 4,202 Real estate: Commercial: Mortgage 1,394 — — (9) 1,385 Construction 70 — — 100 170 Faith-based: Mortgage 3,962 — — (105) 3,857 Construction 196 — — 34 230 Industrial Revenue Bonds 52 — — (38) 14 Other 879 — — (517) 362 Total $ 10,205 $ — $ 15 $ — $ 10,220

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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 September 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 September 30, 2019, the balance of unused loan commitments, standby and commercial letters of credit were $171,503,000, $10,180,000, and $2,662,000, 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 September 30, 2019: Amount of Commitment Expiration per Period (In thousands) Total Less than 1 Year 1-3 Years 3-5 Years Over 5 Years Time deposits 74,812 54,261 18,870 1,681 — Total $ 74,812 54,261 18,870 1,681 — 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	9 Months Ended
	Sep. 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 nine months ended September 30, 2019, 36,062 restricted shares, 36,801 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 September 30, 2019, the total unrecognized compensation expense related to non-vested restricted shares was $1,827,000, and the related weighted-average period over which it is expected to be recognized is approximately 0.83 years. Following is a summary of the activity of the restricted stock: Nine Months Ended September 30, 2019 Shares Fair Value Balance at December 31, 2018 99,724 $ 45.48 Granted 36,062 49.12 Vested (13,264) 39.76 Balance at September 30, 2019 122,522 $ 47.17 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 these PBRS shares outstanding at September 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 these PBRS shares outstanding at September 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 and June 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 these PBRS shares outstanding at September 30, 2019 was 36,801 with an average grant date fair value of $49.06 per share. The 2019 expense related to these grants is currently estimated to be $644,000 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 nine months ended September 30, 2019. Following is a summary of the activity of the Company’s SARs program for the nine-month period ended September 30, 2019: Shares Weighted- Average Exercise Price Average Remaining Contractual Term Years Aggregate Intrinsic Value (In thousands) Outstanding at December 31, 2018 237,121 $ 29.86 3.50 $ 5,468 Exercised (34,518) 24.22 — — Exercisable at September 30, 2019 202,603 $ 30.82 2.93 $ 4,694 There were no non-vested SARs at September 30, 2019.

Defined Pension Plans

Defined Pension Plans	9 Months Ended
	Sep. 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: (In thousands) Estimated 2019 Actual 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 $1,178,000 and $1,049,000 for the three-month periods ended September 30, 2019 and 2018, respectively, and totaled $3,543,000 and $3,147,000 for the nine-month periods ended September 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 nine-month period ended September 30, 2019 and is evaluating the amount of additional contributions, if any, in the remainder of 2019.Net periodic pension cost is presented within personnel expense in the Consolidated Statements of Income. 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: (In thousands) Estimated 2019 Actual 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 $195,000 and $255,000 for the three-month periods ended September 30, 2019 and 2018, respectively, and were $586,000 and $766,000 for the nine-month periods ended September 30, 2019 and 2018, respectively.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 10 – Income Taxes As of September 30, 2019, the Company’s unrecognized tax benefits were approximately $1,438,000, of which $1,310,000 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 $207,000 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 $192,000 and $136,000 of gross interest accrued as of September 30, 2019 and December 31, 2018, respectively. There were no penalties for unrecognized tax benefits accrued at September 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 2016 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	9 Months Ended
	Sep. 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 fall into the Level 2 category. The amortized cost, gross unrealized gains, gross unrealized losses and fair value of investment securities are summarized as follows: September 30, 2019 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value State and political subdivisions $ 312,826 $ 13,680 $ — $ 326,506 U.S. government agencies 99,813 516 244 100,085 Certificates of deposit 1,000 — — 1,000 Total $ 413,639 $ 14,196 $ 244 $ 427,591 December 31, 2018 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized 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: September 30, 2019 Less than 12 months 12 months or more Total (In thousands) Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses State and political subdivisions $ 1,117 $ 1 $ — $ — $ 1,117 $ 1 U.S. government agencies 5,967 18 25,809 225 31,776 243 Total $ 7,084 $ 19 $ 25,809 $ 225 $ 32,893 $ 244 December 31, 2018 Less than 12 months 12 months or more Total (In thousands) Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized 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 15 securities, or 5% of the total (10 greater than 12 months), in an unrealized loss position as of September 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. September 30, 2019 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 35,337 $ 35,489 Due after 1 year through 5 years 106,384 108,511 Due after 5 years through 10 years 230,729 242,078 Due after 10 years 41,189 41,513 Total $ 413,639 $ 427,591 Proceeds from sales of investment securities classified as available-for-sale were $0 for each of the three month periods ended September 30, 2019 and 2018, and were $4,648,000 and $58,520,000 for the nine months ended September 30, 2019 and 2018, respectively. There were no gross realized gains for the three months ended September 30, 2019 or 2018. Gross realized gains were $19,000 for the nine months ended September 30, 2019 compared to gross realized losses of $42,000 for the nine months ended September 30, 2018. There were no securities pledged to secure public deposits and for other purposes at September 30, 2019.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 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: September 30, 2019 December 31, 2018 (In thousands) Carrying Amount Fair Value Carrying Amount Fair Value Balance sheet assets: Cash and cash equivalents $ 222,738 $ 222,738 $ 230,933 $ 230,933 Investment securities 427,591 427,591 441,534 441,534 Loans, net 756,875 769,487 711,362 711,090 Accrued interest receivable 6,535 6,535 7,069 7,069 Total $ 1,413,739 $ 1,426,351 $ 1,390,898 $ 1,390,626 Balance sheet liabilities: Deposits $ 711,233 $ 711,717 $721,926 $ 722,018 Accounts and drafts payable 762,075 762,075 694,360 694,360 Accrued interest payable 247 247 91 91 Total $ 1,473,555 $ 1,474,039 $ 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 Investment in Securities Loans Accrued Interest Receivable Deposits Accounts and Drafts Payable Accrued Interest There were no transfers between Levels 1 and 2 of the fair value hierarchy for the nine months ended September 30, 2019 and 2018. No financial instruments are measured using Level 3 inputs for the nine months ended September 30, 2019 and 2018.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Sep. 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 Invoice payment fees Bank service fees OREO For the Three Months Ended September 30, For the Nine Months Ended September 30, (In thousands) 2019 2018 2019 2018 Fee revenue and other income In-scope of FASB ASC 606 Invoice processing fees $ 20,408 $ 19,876 $ 61,397 $ 58,492 Invoice payment fees 7,333 6,144 19,653 17,576 Information services payment and processing revenue 27,741 26,020 81,050 76,068 Bank service fees 984 994 Fee revenue (in-scope of FASB ASC 606) 28,048 26,320 82,034 77,062 Other income (out-of-scope of FASB ASC 606) 613 387 Total fee revenue and other income 28,262 26,435 82,647 77,449 Net interest income after provision for loan losses (out-of-scope of  FASB ASC 606) 1 12,274 11,186 35,653 32,514 Total net revenue $ 40,536 $ 37,621 $ 118,300 $ 109,963 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	9 Months Ended
	Sep. 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 September 30, 2019, the Company had lease liabilities of $7,019,000 and right-of-use assets of $6,241,000. 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 September 30, 2019, operating lease cost was $419,000, short-term lease cost was $33,000, and there was no variable lease cost. For the nine months ended September 30, 2019, operating lease cost was $1,259,000, short-term lease cost was $107,000, and there was no variable lease cost. For the period ended September 30, 2019, the weighted average remaining lease term for the operating leases was 6.8 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 September 30, 2019 was as follows: (In thousands) September 30, 2019 Lease payments due Less than 1 year $ 1,759 1-2 years 1,665 2-3 years 1,525 3-4 years 902 4-5 years 390 Over 5 years 2,070 Total undiscounted cash flows 8,311 Discount on cash flows 1,292 Total lease liability $ 7,019 There were no sale and leaseback transactions, leveraged leases, or lease transactions with related parties during the nine months ended September 30, 2019. At September 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	9 Months Ended
	Sep. 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 September 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)	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Company's Intangible Assets	Details of the Company’s intangible assets are as follows: September 30, 2019 December 31, 2018 (In thousands) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Assets eligible for amortization: Customer lists $ 4,613 $ (3,352) $ 4,288 $ (3,071) Patents 72 (19) 72 (16) Non-compete agreements 482 (334) 332 (326) Software 1,734 (276) 234 (234) Other 500 (250) 500 (225) Unamortized intangible assets: Goodwill 1 16,121 (227) 12,796 (227) Total intangible assets $ 23,522 $ (4,458) $ 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)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Three Months Ended September 30, Nine Months Ended September 30, (In thousands except share and per share data) 2019 2018 2019 2018 Basic: Net income $ 8,186 $ 7,610 $ 24,033 $ 23,211 Weighted-average common shares outstanding 14,417,725 14,695,170 14,435,670 14,687,614 Basic earnings per share $ .57 $ .52 $ 1.66 $ 1.58 Diluted: Net income $ 8,186 $ 7,610 $ 24,033 $ 23,211 Weighted-average common shares outstanding 14,417,725 14,695,170 14,435,670 14,687,614 Effect of dilutive restricted stock and stock appreciation rights 262,917 248,010 258,123 240,489 Weighted-average common shares outstanding assuming dilution 14,680,642 14,943,180 14,693,793 14,928,103 Diluted earnings per share $ .56 $ .51 $ 1.64 $ 1.55

Industry Segment Information (T

Industry Segment Information (Tables)	9 Months Ended
	Sep. 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: (In thousands) Information Services Banking Services Corporate, Eliminations and Other Total Three Months Ended September 30, 2019 Fee income from customers $ 28,026 $ 257 $ (21) $ 28,262 Interest income* 6,760 7,930 (513) 14,177 Interest expense — 1,392 — 1,392 Intersegment income (expense) — 533 (533) — Tax-equivalized pre-tax income* 7,619 3,399 (534) 10,484 Goodwill 15,758 136 — 15,894 Other intangible assets, net 3,170 — — 3,170 Total Assets 908,946 862,142 9,922 1,781,010 Average Funding Sources 704,772 588,226 — 1,292,998 Three Months Ended September 30, 2018 Fee income from customers $ 26,263 $ 253 $ (81) $ 26,435 Interest income* 6,446 6,661 (329) 12,778 Interest expense — 1,029 — 1,029 Intersegment income (expense) — 467 (467) — Tax-equivalized pre-tax income* 7,269 2,796 (411) 9,654 Goodwill 12,433 136 — 12,569 Other intangible assets, net 1,664 — — 1,664 Total Assets 903,055 847,673 (72,481) 1,678,247 Average Funding Sources 650,267 550,594 — 1,200,861 Nine Months Ended September 30, 2019 Fee income from customers $ 82,049 $ 1,040 $ (442) $ 82,647 Interest income* 19,273 23,082 (883) 41,472 Interest expense — 3,987 — 3,987 Intersegment income (expense) — 1,587 (1,587) — Tax-equivalized pre-tax income* 21,997 10,214 (1,324) 30,887 Goodwill 15,758 136 — 15,894 Other intangible assets, net 3,170 — — 3,170 Total Assets 908,946 862,142 9,922 1,781,010 Average Funding Sources 667,741 583,458 — 1,251,199 Nine Months Ended September 30, 2018 Fee income from customers $ 76,397 $ 947 $ 105 $ 77,449 Interest income* 18,621 20,351 (2,081) 36,891 Interest expense — 2,502 — 2,502 Intersegment income (expense) — 1,415 (1,415) — Tax-equivalized pre-tax income* 21,394 10,245 (1,976) 29,663 Goodwill 12,433 136 — 12,569 Other intangible assets, net 1,664 — — 1,664 Total Assets 903,055 847,673 (72,481) 1,678,247 Average Funding Sources 637,508 566,390 — 1,203,898 * Presented on a tax-equivalent basis assuming a tax rate of 21% for both 2019 and 2018. The tax-equivalent adjustment was approximately $511,000 and $564,000 for the Three Months Ended 2019 and 2018, respectively, and $1,583,000 and $1,875,000 for the Nine Months Ended 2019 and 2018, respectively.

Loans by Type (Tables)

Loans by Type (Tables)	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Summary of Loan Categories	A summary of loan categories is as follows: (In thousands) September 30, 2019 December 31, 2018 Commercial and industrial $ 325,077 $ 277,091 Real estate: Commercial: Mortgage 83,925 95,605 Construction 24,026 11,858 Faith-based: Mortgage 318,809 316,147 Construction 15,545 20,576 Other 2 310 Total loans $ 767,384 $ 721,587
Schedule of the Aging Loans by Loan Categories	The following table presents the aging of loans by loan categories at September 30, 2019 and December 31, 2018: Performing Nonperforming (In thousands) Current 30-59 Days 60-89 Days 90 Days and Over Non- accrual Total Loans September 30, 2019 Commercial and industrial $ 325,077 $ — $ — $ — $ — $ 325,077 Real estate: Commercial: Mortgage 83,925 — — — — 83,925 Construction 24,026 — — — — 24,026 Faith-based: Mortgage 318,809 — — — — 318,809 Construction 15,545 — — — — 15,545 Other 2 — — — — 2 Total $ 767,384 $ — $ — $ — $ — $ 767,384 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	The following table presents the credit exposure of the loan portfolio as of September 30, 2019 and December 31, 2018: (In thousands) Loans Subject to Normal Monitoring 1 Performing Loans Subject to Special Monitoring 2 Nonperforming Loans Subject to Special Monitoring 2 Total Loans September 30, 2019 Commercial and industrial $ 322,491 $ 2,586 $ — $ 325,077 Real estate: Commercial: Mortgage 83,925 — — 83,925 Construction 24,026 — — 24,026 Faith-based: Mortgage 317,479 1,330 — 318,809 Construction 15,545 — — 15,545 Other 2 — — 2 Total $ 763,468 $ 3,916 $ — $ 767,384 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	A summary of the activity in the allowance for loan losses from December 31, 2018 to September 30, 2019 is as follows: (In thousands) December 31, 2018 Charge- Offs Recoveries Provision September 30, 2019 Commercial and industrial $ 4,179 $ — $ 34 $ 672 $ 4,885 Real estate: Commercial: Mortgage 1,417 — — (161) 1,256 Construction 89 — — 91 180 Faith-based: Mortgage 3,961 — — 32 3,993 Construction 155 — — (38) 117 Other 424 — — (346) 78 Total $ 10,225 $ — $ 34 $ 250 $ 10,509 A summary of the activity in the allowance for loan losses from December 31, 2017 to September 30, 2018 is as follows: (In thousands) December 31, 2017 Charge- Offs Recoveries Provision September 30, 2018 Commercial and industrial $ 3,652 $ — $ 15 $ 535 $ 4,202 Real estate: Commercial: Mortgage 1,394 — — (9) 1,385 Construction 70 — — 100 170 Faith-based: Mortgage 3,962 — — (105) 3,857 Construction 196 — — 34 230 Industrial Revenue Bonds 52 — — (38) 14 Other 879 — — (517) 362 Total $ 10,205 $ — $ 15 $ — $ 10,220

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 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 September 30, 2019: Amount of Commitment Expiration per Period (In thousands) Total Less than 1 Year 1-3 Years 3-5 Years Over 5 Years Time deposits 74,812 54,261 18,870 1,681 — Total $ 74,812 54,261 18,870 1,681 —

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Summary of Restricted Stock Activity	Following is a summary of the activity of the restricted stock: Nine Months Ended September 30, 2019 Shares Fair Value Balance at December 31, 2018 99,724 $ 45.48 Granted 36,062 49.12 Vested (13,264) 39.76 Balance at September 30, 2019 122,522 $ 47.17
Summary of SARs Activity	There were no SARs granted and no expense recognized during the nine months ended September 30, 2019. Following is a summary of the activity of the Company’s SARs program for the nine-month period ended September 30, 2019: Shares Weighted- Average Exercise Price Average Remaining Contractual Term Years Aggregate Intrinsic Value (In thousands) Outstanding at December 31, 2018 237,121 $ 29.86 3.50 $ 5,468 Exercised (34,518) 24.22 — — Exercisable at September 30, 2019 202,603 $ 30.82 2.93 $ 4,694

Defined Pension Plans (Tables)

Defined Pension Plans (Tables)	9 Months Ended
	Sep. 30, 2019
Retirement Benefits [Abstract]
Schedule of Net Periodic Pension Costs	(In thousands) Estimated 2019 Actual 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	(In thousands) Estimated 2019 Actual 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)	9 Months Ended
	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities	September 30, 2019 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value State and political subdivisions $ 312,826 $ 13,680 $ — $ 326,506 U.S. government agencies 99,813 516 244 100,085 Certificates of deposit 1,000 — — 1,000 Total $ 413,639 $ 14,196 $ 244 $ 427,591 December 31, 2018 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized 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	The fair values of securities with unrealized losses are as follows: September 30, 2019 Less than 12 months 12 months or more Total (In thousands) Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses State and political subdivisions $ 1,117 $ 1 $ — $ — $ 1,117 $ 1 U.S. government agencies 5,967 18 25,809 225 31,776 243 Total $ 7,084 $ 19 $ 25,809 $ 225 $ 32,893 $ 244 December 31, 2018 Less than 12 months 12 months or more Total (In thousands) Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized 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	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. September 30, 2019 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 35,337 $ 35,489 Due after 1 year through 5 years 106,384 108,511 Due after 5 years through 10 years 230,729 242,078 Due after 10 years 41,189 41,513 Total $ 413,639 $ 427,591

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 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: September 30, 2019 December 31, 2018 (In thousands) Carrying Amount Fair Value Carrying Amount Fair Value Balance sheet assets: Cash and cash equivalents $ 222,738 $ 222,738 $ 230,933 $ 230,933 Investment securities 427,591 427,591 441,534 441,534 Loans, net 756,875 769,487 711,362 711,090 Accrued interest receivable 6,535 6,535 7,069 7,069 Total $ 1,413,739 $ 1,426,351 $ 1,390,898 $ 1,390,626 Balance sheet liabilities: Deposits $ 711,233 $ 711,717 $721,926 $ 722,018 Accounts and drafts payable 762,075 762,075 694,360 694,360 Accrued interest payable 247 247 91 91 Total $ 1,473,555 $ 1,474,039 $ 1,416,377 $ 1,416,469

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Schedule of Revenue from Contracts with Customers	For the Three Months Ended September 30, For the Nine Months Ended September 30, (In thousands) 2019 2018 2019 2018 Fee revenue and other income In-scope of FASB ASC 606 Invoice processing fees $ 20,408 $ 19,876 $ 61,397 $ 58,492 Invoice payment fees 7,333 6,144 19,653 17,576 Information services payment and processing revenue 27,741 26,020 81,050 76,068 Bank service fees 984 994 Fee revenue (in-scope of FASB ASC 606) 28,048 26,320 82,034 77,062 Other income (out-of-scope of FASB ASC 606) 613 387 Total fee revenue and other income 28,262 26,435 82,647 77,449 Net interest income after provision for loan losses (out-of-scope of  FASB ASC 606) 1 12,274 11,186 35,653 32,514 Total net revenue $ 40,536 $ 37,621 $ 118,300 $ 109,963

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of Operating Lease Liabilities	A maturity analysis of operating lease liabilities and undiscounted cash flows as of September 30, 2019 was as follows: (In thousands) September 30, 2019 Lease payments due Less than 1 year $ 1,759 1-2 years 1,665 2-3 years 1,525 3-4 years 902 4-5 years 390 Over 5 years 2,070 Total undiscounted cash flows 8,311 Discount on cash flows 1,292 Total lease liability $ 7,019

Intangible Assets (Narrative) (

Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 150	$ 110	$ 359	$ 331
2019	604		604
2020	983		983
2021	983		983
2022	498		498
2023	164		164
Acquisition cash payment			3,000
Gateway Giving, LLC [Member]
Finite-Lived Intangible Assets [Line Items]
Recorded intangible assets	5,300		5,300
Acquisition cash payment			3,000
Amount of earnout			4,000
Estimated earnout amount			2,300
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Recorded intangible assets	325		$ 325
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
Recorded intangible assets	1,500		$ 1,500
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			15 years
Goodwill [Member]
Finite-Lived Intangible Assets [Line Items]
Recorded intangible assets	3,325		$ 3,325
Non-compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Recorded intangible assets	$ 150		$ 150
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		Sep. 30, 2019	Dec. 31, 2018
Unamortized intangible assets:
Goodwill, Gross Carrying Amount	[1]	$ 16,121	$ 12,796
Goodwill, Accumulated Amortization	[1]	(227)	(227)
Total intangible assets		23,522	18,222
Accumulated Amortization		(4,458)	(4,099)
Customer Lists [Member]
Assets eligible for amortization:
Gross Carrying Amount		4,613	4,288
Accumulated Amortization		(3,352)	(3,071)
Patents [Member]
Assets eligible for amortization:
Gross Carrying Amount		72	72
Accumulated Amortization		(19)	(16)
Non-compete Agreements [Member]
Assets eligible for amortization:
Gross Carrying Amount		482	332
Accumulated Amortization		(334)	(326)
Software [Member]
Assets eligible for amortization:
Gross Carrying Amount		1,734	234
Accumulated Amortization		(276)	(234)
Other [Member]
Assets eligible for amortization:
Gross Carrying Amount		500	500
Accumulated Amortization		$ (250)	$ (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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Basic:
Net income	$ 8,186	$ 7,610	$ 24,033	$ 23,211
Weighted-average common shares outstanding	14,417,725	14,695,170	14,435,670	14,687,614
Basic earnings per share	$ 57	$ 52	$ 1.66	$ 1.58
Diluted:
Net Income	$ 8,186	$ 7,610	$ 24,033	$ 23,211
Weighted-average common shares outstanding	14,417,725	14,695,170	14,435,670	14,687,614
Effect of dilutive restricted stock and stock appreciation rights	262,917	248,010	258,123	240,489
Weighted-average common shares outstanding assuming dilution	14,680,642	14,943,180	14,693,793	14,928,103
Diluted earnings per share	$ 56	$ 51	$ 1.64	$ 1.55

Stock Repurchases (Details)

Stock Repurchases (Details) - shares	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Equity [Abstract]
Number of shares authorized to be repurchased	500,000
Shares repurchased	154,593	18,656
Remaining number of shares available for repurchase	450,222

Industry Segment Information (D

Industry Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Fee revenue and other income:
Fee income from customers		$ 28,262	$ 26,435	$ 82,647	$ 77,449
Interest income	[1]	14,177	12,778	41,472	36,891
Interest expense		1,392	1,029	3,987	2,502
Intersegment income (expense)
Tax-equivalized pre-tax income	[1]	10,484	9,654	30,887	29,663
Goodwill		15,894	12,569	15,894	12,569	$ 12,569
Other intangible assets, net		3,170	1,664	3,170	1,664
Total assets		1,781,010	1,678,247	1,781,010	1,678,247	$ 1,695,176
Average funding sources		1,292,998	1,200,861	$ 1,251,199	$ 1,203,898
Tax-equivalent basis tax rate				21.00%	21.00%
Tax-equivalent adjustment		511	564	$ 1,583	$ 1,875
Information Services [Member]
Fee revenue and other income:
Fee income from customers		28,026	26,263	82,049	76,397
Interest income	[1]	6,760	6,446	19,273	18,621
Interest expense
Intersegment income (expense)
Tax-equivalized pre-tax income	[1]	7,619	7,269	21,997	21,394
Goodwill		15,758	12,433	15,758	12,433
Other intangible assets, net		3,170	1,664	3,170	1,664
Total assets		908,946	903,055	908,946	903,055
Average funding sources		704,772	650,267	667,741	637,508
Banking Services [Member]
Fee revenue and other income:
Fee income from customers		257	253	1,040	947
Interest income	[1]	7,930	6,661	23,082	20,351
Interest expense		1,392	1,029	3,987	2,502
Intersegment income (expense)		533	467	1,587	1,415
Tax-equivalized pre-tax income	[1]	3,399	2,796	10,214	10,245
Goodwill		136	136	136	136
Other intangible assets, net
Total assets		862,142	847,673	862,142	847,673
Average funding sources		588,226	550,594	583,458	566,390
Corporate Eliminations and Other [Member]
Fee revenue and other income:
Fee income from customers		(21)	(81)	(442)	105
Interest income	[1]	(513)	(329)	(883)	(2,081)
Interest expense
Intersegment income (expense)		(533)	(467)	(1,587)	(1,415)
Tax-equivalized pre-tax income	[1]	(534)	(411)	(1,324)	(1,976)
Goodwill
Other intangible assets, net
Total assets		9,922	(72,481)	$ 9,922	(72,481)
Average funding sources
[1]	Presented on a tax-equivalent basis assuming a tax rate of % for both 2019 and 2018. The tax-equivalent adjustment was approximately $ for the Three Months Ended 2019 and 2018, respectively, and $ for the Nine Months Ended 2019 and 2018, respectively.

Loans by Type (Summary of Loan

Loans by Type (Summary of Loan Categories) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Participating Mortgage Loans [Line Items]
Loans	$ 767,384	$ 721,587
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Loans	325,077	277,091
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans	83,925	95,605
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Loans	24,026	11,858
Real Estate Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans	318,809	316,147
Real Estate Faith-based Construction [Member]
Participating Mortgage Loans [Line Items]
Loans	15,545	20,576
Other Loan [Member]
Participating Mortgage Loans [Line Items]
Loans	$ 2	$ 310

Loans by Type (Schedule of the

Loans by Type (Schedule of the Aging of Loans by Loan Categories) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	767,384	721,587
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	325,077	277,091
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	83,925	95,605
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans		11,858
Real Estate Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	318,809	316,147
Real Estate Faith-based Construction [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	15,545	20,576
Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	2	310
Current [Member]
Participating Mortgage Loans [Line Items]
Current	767,384	721,587
Current [Member] | Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Current	325,077	277,091
Current [Member] | Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Current	83,925	95,605
Current [Member] | Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Current	24,026	11,858
Current [Member] | Real Estate Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Current	318,809	316,147
Current [Member] | Real Estate Faith-based Construction [Member]
Participating Mortgage Loans [Line Items]
Current	15,545	20,576
Current [Member] | Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Current	2	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		Sep. 30, 2019	Dec. 31, 2018
Participating Mortgage Loans [Line Items]
Loans		$ 767,384	$ 721,587
Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	763,468	718,439
Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	3,916	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		325,077	277,091
Commercial and Industrial [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	322,491	275,308
Commercial and Industrial [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	2,586	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		83,925	95,605
Real Estate Commercial Mortgage [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	83,925	95,447
Real Estate Commercial Mortgage [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]		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			11,858
Real Estate Commercial Construction [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	24,026	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		318,809	316,147
Real Estate Church, church-related Mortgage [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	317,479	314,940
Real Estate Church, church-related Mortgage [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	1,330	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		15,545	20,576
Real Estate Church, church-related Construction [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	15,545	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		2	310
Other Financing Receivable [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	2	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	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Participating Mortgage Loans [Line Items]
Beginning Balance	$ 10,225	$ 10,205
Charge-Offs
Recoveries	34	15
Provision	250
Ending Balance	10,509	10,220
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	4,179	3,652
Charge-Offs
Recoveries	34	15
Provision	672	535
Ending Balance	4,885	4,202
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	1,417	1,394
Charge-Offs
Recoveries
Provision	(161)	(9)
Ending Balance	1,256	1,385
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	89	70
Charge-Offs
Recoveries
Provision	91	100
Ending Balance	180	170
Real Estate Faith-based Mortgage [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	3,961	3,962
Charge-Offs
Recoveries
Provision	32	(105)
Ending Balance	3,993	3,857
Real Estate Faith-based Construction [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	155	196
Charge-Offs
Recoveries
Provision	(38)	34
Ending Balance	117	230
Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	424	879
Charge-Offs
Recoveries
Provision	(346)	(517)
Ending Balance	$ 78	362
Industrial Revenue Bonds [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance		52
Charge-Offs
Recoveries
Provision		(38)
Ending Balance		$ 14

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details) $ in Thousands	Sep. 30, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Unused loan commitments	$ 171,503
Standby letters of credit	10,180
Commercial letters of credit	$ 2,662

Commitments and Contingencies_3

Commitments and Contingencies (Summary of Company's Contractual Cash Obligations) (Details) $ in Thousands	Sep. 30, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
Time Deposits, Less than 1 Year	$ 54,261
Time Deposits, 1 to 3 Years	18,870
Time Deposits, 3 to 5 Years	1,681
Time Deposits, over 5 Years
Time Deposits, Total	74,812
Commitments, Less than 1 Year	54,261
Commitments, 1 to 3 Years	18,870
Commitments, 3 to 5 Years	1,681
Commitments, Over 5 Years
Commitments, Total	$ 74,812

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 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	$ 1,827
Total unrecognized compensation expense, weighted average period	9 months 29 days
Vesting period	3 years
Granted, Shares	36,062
Outstanding, Shares	122,522	99,724
Fair value of granted shares per share	$ 49.12
Performance-based restricted shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Granted, Shares	36,801
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 and June 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Shares	36,801
Percentage of target opportunity for awards to vest	108.00%
Fair value of granted shares per share	$ 49.06
Expense incurred to grant shares	$ 644
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]	9 Months Ended
	Sep. 30, 2019$ / sharesshares
Shares
Beginning balance | shares	99,724
Granted | shares	36,062
Vested | shares	(13,264)
Ending balance | shares	122,522
Fair Value
Beginning balance | $ / shares	$ 45.48
Granted | $ / shares	49.12
Vested | $ / shares	39.76
Ending balance | $ / shares	$ 47.17

Stock-Based Compensation (Sum_2

Stock-Based Compensation (Summary of Company's SARs Activity) (Details) - SARs [Member] - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance	237,121
Exercised	(34,518)
Ending balance		237,121
Exercisable	202,603
Beginning balance, Weighted Average Exercise Price	$ 29.86
Exercised, Weighted Average Exercise Price	24.22
Ending balance, Weighted Average Exercise Price		$ 29.86
Exercisable, Weighted Average Exercise Price	$ 30.82
Beginning balance, Average Remaining Contractual Term Years		3 years 6 months
Exercisable, Average Remaining Contractual Term Years	2 years 11 months 4 days
Beginning balance, Aggregate Intrinsic Value	$ 5,468
Ending balance, Aggregate Intrinsic Value		$ 5,468
Exercisable, Aggregate Intrinsic Value	$ 4,694

Defined Pension Plans (Narrativ

Defined Pension Plans (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 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	$ 1,178	$ 1,049	$ 3,543	$ 3,147
Unfunded Supplemental Executive Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension costs	$ 195	$ 255	$ 586	$ 766

Defined Pension Plans (Schedule

Defined Pension Plans (Schedule of Net Periodic Pension Costs) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 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	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 1,438	$ 1,403
Amounts of tax benefits that would affect effective tax rate if recognized	1,310	1,272
Income tax accrued interest	192	136
Income tax penalties accrued
Statute of limitations	$ 207

Investment in Securities (Narra

Investment in Securities (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Number of securities that had an unrealized loss	15		15		136
Number of securities that had an unrealized loss, greater than 12 months	10		10		61
Percentage of total securities	5.00%		5.00%		43.00%
Proceeds from sales of securities available-for-sale	$ 0	$ 0	$ 4,648	$ 58,520
Gross realized gains			$ 19	$ 42

Investment in Securities (Sched

Investment in Securities (Schedule of Investment Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Investment [Line Items]
Fair Value	$ 427,591	$ 441,534
Gross Unrealized Gains	14,196	3,877
Gross Unrealized Losses	244	3,223
Amortized Cost	413,639	440,880
State and Political Subdivisions [Member]
Investment [Line Items]
Fair Value	326,506	334,717
Gross Unrealized Gains	13,680	3,791
Gross Unrealized Losses		1,806
Amortized Cost	312,826	332,732
U.S. government agencies [Member]
Investment [Line Items]
Fair Value	100,085	104,822
Gross Unrealized Gains	516	86
Gross Unrealized Losses	244	1,417
Amortized Cost	99,813	106,153
Certificates of Deposit [Member]
Investment [Line Items]
Fair Value	1,000	1,995
Gross Unrealized Gains
Gross Unrealized Losses
Amortized Cost	$ 1,000	$ 1,995

Investment in Securities (Sch_2

Investment in Securities (Schedule of the Fair Values of Securities with Unrealized Losses) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Investment [Line Items]
Estimated fair value, less than 12 months	$ 7,084	$ 121,657
Estimated fair value, 12 months or more	25,809	98,551
Estimated fair value, total	32,893	220,208
Unrealized losses, less than 12 months	19	686
Unrealized losses, 12 months or more	225	2,537
Unrealized losses, total	244	3,223
State and Political Subdivisions [Member]
Investment [Line Items]
Estimated fair value, less than 12 months	1,117	91,248
Estimated fair value, 12 months or more		60,546
Estimated fair value, total	1,117	151,794
Unrealized losses, less than 12 months	1	556
Unrealized losses, 12 months or more		1,250
Unrealized losses, total	1	1,806
U.S. government agencies [Member]
Investment [Line Items]
Estimated fair value, less than 12 months	5,967	30,409
Estimated fair value, 12 months or more	25,809	38,005
Estimated fair value, total	31,776	68,414
Unrealized losses, less than 12 months	18	130
Unrealized losses, 12 months or more	225	1,287
Unrealized losses, total	$ 243	$ 1,417

Investment in Securities (Sch_3

Investment in Securities (Schedule of Amortized Cost and Fair Value of Investment Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Amortized Cost, Due in 1 year or less	$ 35,337
Amortized Cost, Due after 1 year through 5 years	106,384
Amortized Cost, Due after 5 years through 10 years	230,729
Amortized Cost, Due after 10 years	41,189
Amortized Cost, Total	413,639
Fair Value, Due in 1 year or less	35,489
Fair Value, Due after 1 year through 5 years	108,511
Fair Value, Due after 5 years through 10 years	242,078
Fair Value, Due after 10 years	41,513
Fair Value, Total	$ 427,591	$ 441,534

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Cash and cash equivalents, Carrying Amount	$ 222,738	$ 230,933	$ 180,047	$ 228,110
Investment securities, Carrying Amount	427,591	441,534
Loans, net, Carrying Amount	756,875	711,362
Accrued interest receivable, Carrying Amount	6,535	7,069
Assets, Carrying Amount	1,413,739	1,390,898
Cash and cash equivalents, Fair Value	222,738	230,933
Investment securities, Fair Value	427,591	441,534
Loans, net, Fair Value	769,487	711,090
Accrued interest receivable, Fair Value	6,535	7,069
Assets, Fair Value	1,426,351	1,390,626
Deposits, Carrying Amount	711,233	721,926
Accounts and drafts payable, Carrying Amount	762,075	694,360
Accrued interest payable, Carrying Amount	247	91
Liabilities, Carrying Amount	1,473,555	1,416,377
Deposits, Fair Value	711,717	722,018
Accounts and drafts payable, Fair Value	762,075	694,360
Accrued interest payable, Fair Value	247	91
Liabilities, Fair Value	$ 1,474,039	$ 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		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Fee revenue and other income:
In-scope of FASB ASC 606 - Invoice processing fees		$ 20,408	$ 19,876	$ 61,397	$ 58,492
In-scope of FASB ASC 606 - Invoice payment fees		7,333	6,144	19,653	17,576
Information services payment and processing revenue		27,741	26,020	81,050	76,068
Bank service fees		307	300	984	994
Fee revenue (in-scope of FASB ASC 606)		28,048	26,320	82,034	77,062
Other income (out-of-scope of FASB ASC 606)		214	115	613	387
Total fee revenue and other income		28,262	26,435	82,647	77,449
Net interest income after provision for loan losses (out-of-scope of FASB ASC 606)	[1]	12,274	11,186	35,653	32,514
Total net revenue		$ 40,536	$ 37,621	$ 118,300	$ 109,963
[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	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Leases [Abstract]
Lease liabilities	$ 7,019	$ 7,019
Right-of-use assets	6,241	6,241
Short-term lease cost	33	107
Operating lease cost	$ 419	$ 1,259
Weighted average remaining lease term	6 years 9 months 18 days	6 years 9 months 18 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	Sep. 30, 2019USD ($)
Lease payments due
Less than 1 year	$ 1,759
1-2 years	1,665
2-3 years	1,525
3-4 years	902
4-5 years	390
Over 5 years	2,070
Total undiscounted cash flows	8,311
Discount on cash flows	1,292
Total lease liability	$ 7,019