Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2016 | Aug. 01, 2016 | |
Document Information [Line Items] | ||
Entity Registrant Name | FIRST FINANCIAL CORP /IN/ | |
Entity Central Index Key | 714,562 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Entity Common Stock, Shares Outstanding | 12,185,737 | |
Trading Symbol | THFF |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
ASSETS | ||
Cash and due from banks | $ 55,438 | $ 88,695 |
Federal funds sold | 5,500 | 9,815 |
Securities available-for-sale | 876,538 | 891,082 |
Loans: | ||
Loans Receivable, Gross, Commercial and Industrial | 1,082,461 | 1,043,980 |
Residential | 430,082 | 444,447 |
Consumer | 287,308 | 272,896 |
Loans, gross | 1,799,851 | 1,761,323 |
Less: Unearned Income | 2,959 | 2,485 |
Less: Allowance for loan losses | (19,504) | (19,946) |
Loans, Net | 1,783,306 | 1,743,862 |
Restricted Investments | 10,848 | 10,838 |
Accrued interest receivable | 10,869 | 11,733 |
Premises and equipment, net | 49,353 | 50,531 |
Bank-owned life insurance | 83,023 | 82,323 |
Goodwill | 34,355 | 39,489 |
Other intangible assets | 2,397 | 3,178 |
Other real estate owned | 2,837 | 3,466 |
Other assets | 43,552 | 44,573 |
TOTAL ASSETS | 2,958,016 | 2,979,585 |
Deposits: | ||
Non-interest-bearing | 527,461 | 563,302 |
Interest-bearing: | ||
Interest-bearing Domestic Deposit, Other | 1,832,314 | |
Total Deposits | 2,394,334 | 2,442,369 |
Federal Funds Purchased and Securities Sold under Agreements to Repurchase | 62,247 | 33,831 |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Amount of Advances | 10,828 | 12,677 |
Other liabilities | 77,383 | 80,392 |
TOTAL LIABILITIES | 2,544,792 | 2,569,269 |
Shareholders' equity | ||
Common stock, $.125 stated value per share; Authorized shares-40,000,000 Issued shares-14,578,758 in 2016 and 14,557,815 in 2015 Outstanding shares-12,193,181 in 2016 and 12,740,018 in 2015 | 1,818 | 1,817 |
Additional paid-in capital | 73,737 | 73,396 |
Retained earnings | 411,423 | 395,633 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | (3,493) | (9,401) |
Less: Treasury shares at cost-2,385,577 in 2016 and 1,817,797 in 2015 | (70,261) | (51,129) |
TOTAL SHAREHOLDERS' EQUITY | 413,224 | 410,316 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 2,958,016 | 2,979,585 |
Interest-bearing Domestic Deposit, Certificates of Deposits | 44,664 | $ 46,753 |
Interest-bearing Deposit Liabilities, Domestic | $ 1,822,209 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Jun. 30, 2016 | Dec. 31, 2015 |
Common stock, stated value per share | $ 0.125 | $ 0.125 |
Common stock, Authorized shares | 40,000,000 | 40,000,000 |
Common stock, Issued shares | 14,578,758 | 14,557,815 |
Common stock, Outstanding shares | 12,193,181 | 12,740,018 |
Treasury, shares | 2,385,577 | 1,817,797 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
INTEREST INCOME: | ||||
Loans, including related fees | $ 21,271 | $ 20,763 | $ 42,455 | $ 41,570 |
Securities: | ||||
Taxable | 3,694 | 3,991 | 7,525 | 8,052 |
Tax-exempt | 1,818 | 1,790 | 3,640 | 3,569 |
Other | 367 | 433 | 731 | 864 |
TOTAL INTEREST INCOME | 27,150 | 26,977 | 54,351 | 54,055 |
INTEREST EXPENSE: | ||||
Deposits | 1,030 | 997 | 2,017 | 2,017 |
Short-term borrowings | 26 | 19 | 49 | 32 |
Other borrowings | 35 | 37 | 69 | 87 |
TOTAL INTEREST EXPENSE | 1,091 | 1,053 | 2,135 | 2,136 |
NET INTEREST INCOME | 26,059 | 25,924 | 52,216 | 51,919 |
Provision for loan losses | 435 | 1,150 | 1,270 | 2,600 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 25,624 | 24,774 | 50,946 | 49,319 |
NON-INTEREST INCOME: | ||||
Trust and financial services | 1,292 | 1,253 | 2,626 | 2,745 |
Service charges and fees on deposit accounts | 2,601 | 2,543 | 5,105 | 4,869 |
Other service charges and fees | 3,149 | 3,000 | 6,149 | 5,838 |
Net securities gains (losses) | 10 | 10 | 13 | 14 |
Insurance commissions | 33 | 1,956 | 2,305 | 3,509 |
Gain on Sale of certain assets and liabilities of Insurance Brokerage Operation | 0 | 13,021 | ||
Gain on sales of mortgage loans | 481 | 542 | 885 | 901 |
Other | 648 | 474 | 476 | 1,963 |
TOTAL NON-INTEREST INCOME | 8,214 | 9,778 | 30,580 | 19,839 |
NON-INTEREST EXPENSE: | ||||
Salaries and employee benefits | 13,142 | 15,084 | 26,737 | 30,142 |
Occupancy expense | 1,722 | 1,702 | 3,453 | 3,566 |
Equipment expense | 1,808 | 1,702 | 3,645 | 3,474 |
FDIC Expense | 403 | 450 | 854 | 880 |
Other | 5,685 | 6,372 | 11,418 | 11,241 |
TOTAL NON-INTEREST EXPENSE | 22,760 | 25,310 | 46,107 | 49,303 |
INCOME BEFORE INCOME TAXES | 11,078 | 9,242 | 35,419 | 19,855 |
Income tax expense | 2,846 | 2,319 | 13,512 | 5,171 |
NET INCOME | 8,232 | 6,923 | 21,907 | 14,684 |
OTHER COMPREHENSIVE INCOME (LOSS) | ||||
Change in unrealized gains/losses on securities, net of reclassifications | 1,262 | (7,564) | 5,300 | (2,802) |
Change in funded status of post retirement benefits | 304 | 819 | 608 | 3,283 |
COMPREHENSIVE INCOME (LOSS) | $ 9,798 | $ 178 | $ 27,815 | $ 15,165 |
PER SHARE DATA | ||||
Basic and Diluted Earnings per Share (in dollars per share) | $ 0.68 | $ 0.54 | $ 1.76 | $ 1.14 |
Weighted average number of shares outstanding (in thousands) | 12,236 | 12,903 | 12,441 | 12,925 |
CONSOLIDATED STATEMENTS OF SHAR
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($) $ in Thousands | Total | Common Stock [Member] | Additional Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income/(Loss) [Member] | Treasury Stock [Member] |
Balance at Dec. 31, 2014 | $ 394,214 | $ 1,815 | $ 72,405 | $ 377,970 | $ (14,529) | $ (43,447) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 14,684 | 0 | 0 | 14,684 | 0 | 0 |
Other comprehensive income (loss) | 481 | 0 | 0 | 0 | 481 | 0 |
Omnibus Equity Incentive Plan | 342 | 1 | 341 | 0 | 0 | 0 |
Payments for Repurchase of Common Stock | (4,372) | 0 | 0 | 0 | ||
Dividends, Common Stock, Cash | (6,291) | 0 | 0 | (6,291) | 0 | 0 |
Balance at Jun. 30, 2015 | 399,058 | 1,816 | 72,746 | 386,363 | (14,048) | (47,819) |
Balance at Mar. 31, 2015 | 409,027 | 1,815 | 72,576 | 385,731 | (7,303) | (43,792) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 6,923 | 0 | 0 | 6,923 | 0 | 0 |
Other comprehensive income (loss) | (6,745) | 0 | 0 | 0 | (6,745) | 0 |
Omnibus Equity Incentive Plan | 171 | 1 | 170 | 0 | 0 | 0 |
Payments for Repurchase of Common Stock | (4,027) | 0 | 0 | 0 | 0 | |
Dividends, Common Stock, Cash | (6,291) | (6,291) | ||||
Balance at Jun. 30, 2015 | 399,058 | 1,816 | 72,746 | 386,363 | (14,048) | (47,819) |
Balance at Dec. 31, 2015 | 410,316 | 1,817 | 73,396 | 395,633 | (9,401) | (51,129) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 21,907 | 0 | 0 | 21,907 | 0 | 0 |
Other comprehensive income (loss) | 5,908 | 0 | 0 | 0 | 5,908 | 0 |
Omnibus Equity Incentive Plan | 342 | 1 | 341 | 0 | 0 | 0 |
Payments for Repurchase of Common Stock | (19,132) | 0 | 0 | 0 | ||
Dividends, Common Stock, Cash | (6,117) | 0 | 0 | (6,117) | 0 | 0 |
Balance at Jun. 30, 2016 | 413,224 | 1,818 | 73,737 | 411,423 | (3,493) | (70,261) |
Balance at Mar. 31, 2016 | 411,912 | 1,818 | 73,566 | 409,308 | (5,059) | (67,721) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 8,232 | 0 | 0 | 8,232 | 0 | 0 |
Other comprehensive income (loss) | 1,566 | 0 | 0 | 0 | 1,566 | 0 |
Omnibus Equity Incentive Plan | 171 | 0 | 171 | 0 | 0 | 0 |
Payments for Repurchase of Common Stock | (2,540) | 0 | 0 | 0 | 0 | |
Dividends, Common Stock, Cash | (6,117) | (6,117) | ||||
Balance at Jun. 30, 2016 | $ 413,224 | $ 1,818 | $ 73,737 | $ 411,423 | $ (3,493) | $ (70,261) |
CONSOLIDATED STATEMENTS OF SHA6
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Parenthetical) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Treasury stock purchase (in shares) | 72,174 | 118,053 | 567,780 | 127,742 |
Cash Dividends (in dollars per share) | $ 0 | $ 0 | $ 0.5 | $ 0.49 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | |||
Net Income | $ 6,923 | $ 21,907 | $ 14,684 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Net amortization (accretion) of premiums and discounts on investments | 1,746 | 1,472 | |
Provision for loan losses | 1,150 | 1,270 | 2,600 |
Securities (gains) losses | (10) | (13) | (14) |
(Gain) loss on sale of other real estate | 91 | (117) | |
Gain on Sale of certain assets and liabilities of Insurance Brokerage Operation | 0 | (13,021) | |
Restricted stock compensation | 342 | 342 | |
Depreciation and amortization | 2,514 | 2,810 | |
Other, net | (2,926) | (1,515) | |
NET CASH FROM OPERATING ACTIVITIES | 11,910 | 20,262 | |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||
Proceeds from sales of securities available-for-sale | 0 | 1,900 | |
Calls, maturities and principal reductions on securities available-for-sale | 71,998 | 70,694 | |
Purchases of securities available-for-sale | (50,743) | (82,893) | |
Increase (Decrease) in Federal Funds Sold | 4,315 | 6,000 | |
Loans made to customers, net of repayment | (40,671) | (4,398) | |
Proceeds from Sale of Restricted Investments | 0 | 5,576 | |
Payments to Acquire Restricted Investments | (10) | 0 | |
Proceeds from sales of other real estate owned | 571 | 969 | |
Additions to premises and equipment | (996) | (924) | |
NET CASH FROM INVESTING ACTIVITIES | 1,558 | (3,179) | |
Payments To Acquire Customer List | (103) | ||
CASH FLOWS FROM FINANCING ACTIVITIES: | |||
Net change in deposits | (48,067) | (58,662) | |
Proceeds from (Payments for) in Securities Sold under Agreements to Repurchase | 28,416 | 36,804 | |
Maturities of other borrowings | (6,050) | (2,000) | |
Proceeds from Federal Home Loan Bank Borrowings | 4,350 | 0 | |
Purchase of treasury stock | (4,027) | (19,132) | (4,372) |
Dividends paid | (6,242) | (6,342) | |
NET CASH FROM FINANCING ACTIVITIES | (34,572) | (46,725) | |
NET CHANGE IN CASH AND CASH EQUIVALENTS | (33,257) | (17,489) | |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 60,613 | 88,695 | $ 78,102 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 55,438 | ||
Proceeds from sale | $ 0 | $ 17,094 |
Significant Accounting Policies
Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2016 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies | Significant Accounting Policies The significant accounting policies followed by the Corporation and its subsidiaries for interim financial reporting are consistent with the accounting policies followed for annual financial reporting. All adjustments which are, in the opinion of management, necessary for a fair statement of the results for the periods reported have been included in the accompanying consolidated financial statements and are of a normal recurring nature. The Corporation reports financial information for only one segment, banking. Some items in the prior year financials were reclassified to conform to the current presentation. The Omnibus Equity Incentive Plan is a long-term incentive plan that was designed to align the interests of participants with the interests of shareholders. Under the plan, awards may be made based on certain performance measures. The grants are made in restricted stock units that are subject to a vesting schedule. These shares vest over 3 years in increments of 33% , 33% , and 34% respectively. In 2016 and 2015 , 20,943 and 19,683 shares were awarded, respectively. These shares had a grant date value of $677 thousand and $667 thousand for 2016 and 2015 , vest over three years and their grant is not subject to future performance measures. Outstanding shares are increased at the award date for the total shares awarded. |
Allowance for Loan Losses
Allowance for Loan Losses | 6 Months Ended |
Jun. 30, 2016 | |
Allowance for Loan and Lease Losses Write-offs, Net [Abstract] | |
Allowance for Loan Losses | The following table presents the activity of the allowance for loan losses by portfolio segment for the three months ended June 30. Allowance for Loan Losses: June 30, 2016 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 11,168 $ 1,769 $ 5,106 $ 1,883 $ 19,926 Provision for loan losses (816 ) (22 ) 749 524 435 Loans charged -off (555 ) (232 ) (1,055 ) — (1,842 ) Recoveries 447 80 458 — 985 Ending Balance $ 10,244 $ 1,595 $ 5,258 $ 2,407 $ 19,504 Allowance for Loan Losses: June 30, 2015 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 10,818 $ 1,622 $ 4,494 $ 2,417 $ 19,351 Provision for loan losses 160 277 638 75 1,150 Loans charged -off (272 ) (181 ) (1,026 ) — (1,479 ) Recoveries 225 42 572 — 839 Ending Balance $ 10,931 $ 1,760 $ 4,678 $ 2,492 $ 19,861 The following table presents the activity of the allowance for loan losses by portfolio segment for the six months ended June 30. Allowance for Loan Losses: June 30, 2016 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 11,482 $ 1,834 $ 4,945 $ 1,685 $ 19,946 Provision for loan losses (1,091 ) 103 1,536 722 1,270 Loans charged -off (822 ) (471 ) (2,189 ) — (3,482 ) Recoveries 675 129 966 — 1,770 Ending Balance $ 10,244 $ 1,595 $ 5,258 $ 2,407 $ 19,504 Allowance for Loan Losses: June 30, 2015 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 10,915 $ 1,374 $ 4,370 $ 2,180 $ 18,839 Provision for loan losses 167 653 1,468 312 2,600 Loans charged -off (608 ) (406 ) (2,288 ) — (3,302 ) Recoveries 457 139 1,128 — 1,724 Ending Balance $ 10,931 $ 1,760 $ 4,678 $ 2,492 $ 19,861 The following table presents the allocation of the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method at June 30, 2016 and December 31, 2015 . Allowance for Loan Losses June 30, 2016 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Individually evaluated for impairment $ 786 $ 132 $ — $ — $ 918 Collectively evaluated for impairment 9,307 1,463 5,258 2,407 18,435 Acquired with deteriorated credit quality 151 — — — 151 Ending Balance $ 10,244 $ 1,595 $ 5,258 $ 2,407 $ 19,504 Loans: June 30, 2016 (Dollar amounts in thousands) Commercial Residential Consumer Total Individually evaluated for impairment $ 8,967 $ 635 $ — $ 9,602 Collectively evaluated for impairment 1,074,936 429,103 288,553 1,792,592 Acquired with deteriorated credit quality 3,878 1,502 — 5,380 Ending Balance $ 1,087,781 $ 431,240 $ 288,553 $ 1,807,574 Allowance for Loan Losses: December 31, 2015 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Individually evaluated for impairment 953 206 — — 1,159 Collectively evaluated for impairment 10,342 1,628 4,945 1,685 18,600 Acquired with deteriorated credit quality 187 — — — 187 Ending Balance $ 11,482 $ 1,834 $ 4,945 $ 1,685 $ 19,946 Loans December 31, 2015 (Dollar amounts in thousands) Commercial Residential Consumer Total Individually evaluated for impairment 8,823 902 — 9,725 Collectively evaluated for impairment 1,037,086 443,224 274,134 1,754,444 Acquired with deteriorated credit quality 4,092 1,529 — 5,621 Ending Balance $ 1,050,001 $ 445,655 $ 274,134 $ 1,769,790 The following tables present loans individually evaluated for impairment by class of loans. June 30, 2016 Unpaid Principal Recorded Allowance for Loan Losses Average Recorded Interest Income Cash Basis Interest (Dollar amounts in thousands) Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial Commercial & Industrial $ 529 $ 236 $ — $ 841 $ — $ — Farmland 1,465 1,465 — 488 — — Non Farm, Non Residential 3,084 3,084 — 3,147 — — Agriculture 635 635 — 212 — — All Other Commercial 1,424 1,424 — 1,540 — — Residential First Liens 27 27 — 28 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 994 994 88 864 — — Farmland — — — — — — Non Farm, Non Residential 1,129 1,129 698 1,240 — — Agriculture — — — — — — All Other Commercial — — — 75 — — Residential First Liens 608 608 132 722 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 9,895 $ 9,602 $ 918 $ 9,157 $ — $ — December 31, 2015 Unpaid Principal Recorded Allowance for Loan Losses Average Recorded Interest Income Cash Basis Interest Income (Dollar amounts in thousands) Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial Commercial & Industrial $ 1,516 $ 1,223 $ — $ 1,796 $ — $ — Farmland — — — — — — Non Farm, Non Residential 3,202 3,202 — 2,080 — — Agriculture — — — — — — All Other Commercial 1,760 1,760 — 1,175 — — Residential First Liens 29 29 — 18 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 998 998 212 3,463 — — Farmland — — — — — — Non Farm, Non Residential 1,415 1,415 741 3,682 — — Agriculture — — — — — — All Other Commercial 225 225 — 483 — — Residential First Liens 873 873 206 460 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 10,018 $ 9,725 $ 1,159 $ 13,157 $ — $ — Three Months Ended Six Months Ended Average Interest Cash Basis Average Interest Cash Basis (Dollar amounts in thousands) Investment Recognized Recognized Investment Recognized Recognized With no related allowance recorded: Commercial & Industrial $ 650 $ — $ — $ 841 $ — $ — Farmland 733 — — 488 — — Non Farm, Non Residential 3,119 — — 3,147 — — Agriculture 318 — — 212 — — All Other Commercial 1,431 — — 1,540 — — Residential First Liens 28 — — 28 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 797 — — 864 — — Farmland — — — — — — Non Farm, Non Residential 1,153 — — 1,240 — — Agriculture — — — — — — All Other Commercial — — — 75 — — Residential First Liens 646 — — 722 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 8,875 $ — $ — $ 9,157 $ — $ — Three Months Ended Six Months Ended Average Interest Cash Basis Average Interest Cash Basis (Dollar amounts in thousands) Investment Recognized Recognized Investment Recognized Recognized With no related allowance recorded: Commercial Commercial & Industrial $ 2,779 $ — $ — $ 2,161 $ — $ — Farmland — — — — — — Non Farm, Non Residential 1,978 — — 1,318 — — Agriculture — — — — — — All Other Commercial 1,025 — — 780 — — Residential First Liens 16 — — 10 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 4,413 — — 4,900 — — Farmland — — — — — — Non Farm, Non Residential 4,417 — — 5,162 — — Agriculture — — — — — — All Other Commercial 566 — — 653 — — Residential First Liens 246 — — 175 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 15,440 $ — $ — $ 15,159 $ — $ — The tables below presents the recorded investment in non-performing loans. June 30, 2016 Loans Past Due Over 90 Day Still Troubled Debt (Dollar amounts in thousands) Accruing Accruing Nonaccrual Nonaccrual Commercial Commercial & Industrial $ — $ 4 $ 403 $ 1,961 Farmland 48 — — 1,520 Non Farm, Non Residential — 5 3,041 1,828 Agriculture — — — 1,107 All Other Commercial — — — 1,329 Residential First Liens 744 3,894 1,157 5,339 Home Equity 99 — — 207 Junior Liens 86 — — 206 Multifamily — — — — All Other Residential — — — 102 Consumer Motor Vehicle 133 84 1 171 All Other Consumer — 109 470 756 TOTAL $ 1,110 $ 4,096 $ 5,072 $ 14,526 December 31, 2015 Loans Past Due Over 90 Day Still Troubled Debt (Dollar amounts in thousands) Accruing Accruing Nonaccrual Nonaccrual Commercial Commercial & Industrial $ — $ 5 $ 422 $ 3,187 Farmland — — — 219 Non Farm, Non Residential — 6 3,152 2,545 Agriculture — — — 378 All Other Commercial — — — 1,817 Residential First Liens 809 4,577 1,034 4,839 Home Equity 10 — — 320 Junior Liens 45 — — 211 Multifamily — — — — All Other Residential — — — 111 Consumer Motor Vehicle 148 — 2 213 All Other Consumer 4 — 400 794 TOTAL $ 1,016 $ 4,588 $ 5,010 $ 14,634 There were $178 thousand of loans covered by loss share agreements with the FDIC included in loans past due over 90 days still on accrual at June 30, 2016 and there were $37 thousand at December 31, 2015 . There were $237 thousand of covered loans included in non-accrual loans at June 30, 2016 and there were $242 thousand at December 31, 2015 . There were no covered loans at June 30, 2016 or December 31, 2015 that were deemed impaired. Non-performing loans include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. The following tables presents the aging of the recorded investment in loans by past due category and class of loans. June 30, 2016 30-59 Days 60-89 Days Greater than 90 days Total (Dollar amounts in thousands) Past Due Past Due Past Due Past Due Current Total Commercial Commercial & Industrial $ 615 $ 112 $ 1,027 $ 1,754 $ 484,840 $ 486,594 Farmland 141 1,005 48 1,194 114,079 115,273 Non Farm, Non Residential 12 450 130 592 203,394 203,986 Agriculture 582 — 381 963 139,490 140,453 All Other Commercial 9 — — 9 141,466 141,475 Residential First Liens 981 520 1,990 3,491 277,145 280,636 Home Equity 64 32 115 211 35,745 35,956 Junior Liens 261 23 230 514 34,479 34,993 Multifamily — — — — 71,883 71,883 All Other Residential — — — — 7,772 7,772 Consumer Motor Vehicle 2,822 452 229 3,503 261,607 265,110 All Other Consumer 102 98 1 201 23,242 23,443 TOTAL $ 5,589 $ 2,692 $ 4,151 $ 12,432 $ 1,795,142 $ 1,807,574 December 31, 2015 30-59 Days 60-89 Days Greater than 90 days Total (Dollar amounts in thousands) Past Due Past Due Past Due Past Due Current Total Commercial Commercial & Industrial $ 326 $ 274 $ 1,405 $ 2,005 $ 476,984 $ 478,989 Farmland 135 — — 135 106,725 106,860 Non Farm, Non Residential 1,824 90 310 2,224 206,844 209,068 Agriculture 65 38 324 427 143,116 143,543 All Other Commercial 25 32 — 57 111,484 111,541 Residential First Liens 4,960 1,181 1,671 7,812 285,913 293,725 Home Equity 85 23 114 222 37,502 37,724 Junior Liens 179 29 177 385 32,876 33,261 Multifamily — — — — 70,735 70,735 All Other Residential 15 — — 15 10,195 10,210 Consumer Motor Vehicle 3,212 568 181 3,961 247,882 251,843 All Other Consumer 38 10 5 53 22,238 22,291 TOTAL $ 10,864 $ 2,245 $ 4,187 $ 17,296 $ 1,752,494 $ 1,769,790 During the three and six months ended June 30, 2016 and 2015 , the terms of certain loans were modified as troubled debt restructurings (TDRs). The following tables present the activity for TDR's. 2016 (Dollar amounts in thousands) Commercial Residential Consumer Total April 1, $ 3,529 $ 5,285 $ 695 $ 9,509 Added — 43 62 105 Charged Off — (125 ) (6 ) (131 ) Payments (76 ) (170 ) (82 ) (328 ) June 30, $ 3,453 $ 5,033 $ 669 $ 9,155 2016 (Dollar amounts in thousands) Commercial Residential Consumer Total January 1, 3,584 5,593 683 9,860 Added — 123 150 273 Charged Off — (181 ) (26 ) (207 ) Payments (131 ) (502 ) (138 ) (771 ) June 30, 3,453 5,033 669 9,155 2015 (Dollar amounts in thousands) Commercial Residential Consumer Total April 1, 8,835 5,618 614 15,067 Added — 73 189 262 Charged Off — — (40 ) (40 ) Payments (130 ) (102 ) (106 ) (338 ) June 30, 8,705 5,589 657 14,951 2015 (Dollar amounts in thousands) Commercial Residential Consumer Total January 1, 8,955 5,189 614 14,758 Added — 652 189 841 Charged Off — (62 ) (40 ) (102 ) Payments (250 ) (190 ) (106 ) (546 ) June 30, 8,705 5,589 657 14,951 Modification of the terms of such loans typically include one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; or a permanent reduction of the recorded investment in the loan. No modification in 2016 or 2015 resulted in the permanent reduction of the recorded investment in the loan. Modifications involving a reduction of the stated interest rate of the loan were for periods ranging from twelve months to five years. Modifications involving an extension of the maturity date were for periods ranging from twelve months to ten years. Troubled debt restructurings during the three and six months ended June 30, 2016 and 2015 did not result in any material charge-offs or additional provision expense. The Corporation has allocated $ 7 thousand and $ 47 thousand of specific reserves to customers whose loan terms have been modified in troubled debt restructurings at both June 30, 2016 and 2015, respectively. The Corporation has not committed to lend additional amounts as of June 30, 2016 and 2015 to customers with outstanding loans that are classified as troubled debt restructurings. The charge-offs during the three months ended June 30, 2016 and 2015 were not of any restructurings that had taken place in the previous 12 months. The impact on the provision for new troubled debt restructurings was immaterial. Credit Quality Indicators: The Corporation categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Corporation analyzes loans individually by classifying the loans as to credit risk. This analysis includes non-homogeneous loans, such as commercial loans, with an outstanding balance greater than $100 thousand . Any consumer loans outstanding to a borrower who had commercial loans analyzed will be similarly risk rated. This analysis is performed on a quarterly basis. The Corporation uses the following definitions for risk ratings: Special Mention: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard: Loans classified as substandard are inadequately protected by the current net worth and debt service capacity of the borrower or of any pledged collateral. These loans have a well-defined weakness or weaknesses which have clearly jeopardized repayment of principal and interest as originally intended. They are characterized by the distinct possibility that the institution will sustain some future loss if the deficiencies are not corrected. Doubtful: Loans classified as doubtful have all the weaknesses inherent in those graded substandard, with the added characteristic that the severity of the weaknesses makes collection or liquidation in full highly questionable or improbable based upon currently existing facts, conditions, and values. Furthermore, non-homogeneous loans which were not individually analyzed, but are 90+ days past due or on non-accrual are classified as substandard. Loans included in homogeneous pools, such as residential or consumer may be classified as substandard due to 90+ days delinquency, non-accrual status, bankruptcy, or loan restructuring. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Loans listed as not rated are either less than $100 thousand or are included in groups of homogeneous loans. As of June 30, 2016 and December 31, 2015 , and based on the most recent analysis performed, the risk category of loans by class of loans are as follows: June 30, 2016 (Dollar amounts in thousands) Pass Special Mention Substandard Doubtful Not Rated Total Commercial Commercial & Industrial $ 433,878 $ 19,378 $ 27,153 $ 470 $ 4,471 $ 485,350 Farmland 93,903 13,172 6,602 — 14 113,691 Non Farm, Non Residential 176,105 9,401 18,006 — — 203,512 Agriculture 111,776 16,887 10,242 24 180 139,109 All Other Commercial 128,842 121 10,995 76 765 140,799 Residential First Liens 93,910 3,669 7,607 603 173,986 279,775 Home Equity 10,125 213 912 9 24,646 35,905 Junior Liens 7,690 241 542 27 26,407 34,907 Multifamily 70,130 1,574 15 — 24 71,743 All Other Residential 522 — 23 — 7,207 7,752 Consumer Motor Vehicle 10,563 274 517 10 252,612 263,976 All Other Consumer 2,799 45 103 14 20,371 23,332 TOTAL $ 1,140,243 $ 64,975 $ 82,717 $ 1,233 $ 510,683 $ 1,799,851 December 31, 2015 (Dollar amounts in thousands) Pass Special Mention Substandard Doubtful Not Rated Total Commercial Commercial & Industrial $ 417,880 $ 20,422 $ 32,778 $ 757 $ 5,638 $ 477,475 Farmland 93,418 6,387 5,208 — 16 105,029 Non Farm, Non Residential 180,659 8,114 19,857 — — 208,630 Agriculture 121,244 11,964 8,419 27 170 141,824 All Other Commercial 95,850 2,649 10,887 101 1,535 111,022 Residential First Liens 96,146 4,594 8,598 699 182,791 292,828 Home Equity 11,701 387 669 10 24,895 37,662 Junior Liens 7,493 86 505 58 25,033 33,175 Multifamily 68,972 1,602 — — 23 70,597 All Other Residential 886 — 24 — 9,275 10,185 Consumer Motor Vehicle 10,287 356 534 — 239,543 250,720 All Other Consumer 2,930 77 125 14 19,030 22,176 TOTAL $ 1,107,466 $ 56,638 $ 87,604 $ 1,666 $ 507,949 $ 1,761,323 |
Securities
Securities | 6 Months Ended |
Jun. 30, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Securities | June 30, 2016 (Dollar amounts in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government agencies $ 10,175 $ 232 $ — $ 10,407 Mortgage Backed Securities - residential 218,840 6,583 (42 ) 225,381 Mortgage Backed Securities - commercial 6 — — 6 Collateralized mortgage obligations 404,630 5,030 (1,445 ) 408,215 State and municipal obligations 210,745 10,352 (4 ) 221,093 Collateralized debt obligations 9,411 4,276 (2,251 ) 11,436 TOTAL $ 853,807 $ 26,473 $ (3,742 ) $ 876,538 December 31, 2015 (Dollar amounts in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government agencies $ 10,670 $ 46 $ (23 ) $ 10,693 Mortgage Backed Securities-residential 208,705 5,089 (630 ) 213,164 Mortgage Backed Securities-commercial 9 — — 9 Collateralized mortgage obligations 441,500 2,141 (6,007 ) 437,634 State and municipal obligations 206,291 8,475 (59 ) 214,707 Collateralized debt obligations 9,621 5,254 — 14,875 TOTAL $ 876,796 $ 21,005 $ (6,719 ) $ 891,082 Contractual maturities of debt securities at June 30, 2016 were as follows. Securities not due at a single maturity or with no maturity date, primarily mortgage-backed and equity securities are shown separately. Available-for-Sale Amortized Fair (Dollar amounts in thousands) Cost Value Due in one year or less $ 6,948 $ 7,026 Due after one but within five years 54,311 55,913 Due after five but within ten years 89,092 94,509 Due after ten years 79,980 85,488 230,331 242,936 Mortgage-backed securities and collateralized mortgage obligations 623,476 633,602 TOTAL $ 853,807 $ 876,538 There were $10 thousand and $13 thousand in gross gains and no losses from investment sales and calls realized by the Corporation for the three and six months ended June 30, 2016 . For the three months and six ended June 30, 2015 there were $10 thousand and $14 thousand in gross gains and no losses on sales and calls of investment securities. The following tables show the securities’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position, at June 30, 2016 and December 31, 2015 . June 30, 2016 Less Than 12 Months More Than 12 Months Total Unrealized Unrealized Unrealized (Dollar amounts in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Mortgage Backed Securities - Residential $ 19,049 $ (41 ) $ 155 $ (1 ) $ 19,204 $ (42 ) Collateralized mortgage obligations 12,132 (76 ) 120,995 (1,369 ) 133,127 (1,445 ) State and municipal obligations 1,100 (2 ) 410 (2 ) 1,510 (4 ) Collateralized Debt Obligations 6,717 (2,251 ) — — 6,717 (2,251 ) Total temporarily impaired securities $ 38,998 $ (2,370 ) $ 121,560 $ (1,372 ) $ 160,558 $ (3,742 ) December 31, 2015 Less Than 12 Months More Than 12 Months Total Unrealized Unrealized Unrealized (Dollar amounts in thousands) Fair Value Losses Fair Value Losses Fair Value Losses US Government entity mortgage-backed securities $ 9,455 $ (23 ) $ — $ — $ 9,455 $ (23 ) Mortgage Backed Securities - Residential $ 69,940 $ (428 ) $ 11,766 $ (202 ) $ 81,706 $ (630 ) Collateralized mortgage obligations 151,484 (1,535 ) 139,435 (4,472 ) 290,919 (6,007 ) State and municipal obligations 3,547 (16 ) 3,045 (43 ) 6,592 (59 ) Total temporarily impaired securities $ 234,426 $ (2,002 ) $ 154,246 $ (4,717 ) $ 388,672 $ (6,719 ) Management evaluates securities for other-than-temporary impairment (“OTTI”) at least on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. The investment securities portfolio is evaluated for OTTI by segregating the portfolio into two general segments and applying the appropriate OTTI model. Investment securities are generally evaluated for OTTI under FASB ASC 320, Investments - Debt and Equity Securities . However, certain purchased beneficial interests, including non-agency mortgage-backed securities, asset-backed securities, and collateralized debt obligations, that had credit ratings at the time of purchase of below AA are evaluated using the model outlined in FASB ASC 325-40, Beneficial Interests in Securitized Financial Assets. When OTTI occurs under either model, the amount of the OTTI recognized in earnings depends on whether an entity intends to sell the security or it is more likely than not it will be required to sell the security before recovery of its amortized cost basis, less any current-period credit loss. If an entity intends to sell or it is more likely than not it will be required to sell the security before recovery of its amortized cost basis, less any current-period credit loss, the OTTI shall be recognized in earnings equal to the entire difference between the investment’s amortized cost basis and its fair value at the balance sheet date. If an entity does not intend to sell the security and it is not more likely than not that the entity will be required to sell the security before recovery of its amortized cost basis less any current-period loss, the OTTI shall be separated into the amount representing the credit loss and the amount related to all other factors. The amount of the total OTTI related to the credit loss is determined based on the present value of cash flows expected to be collected and is recognized in earnings. The amount of the total OTTI related to other factors is recognized in other comprehensive income, net of applicable taxes. The previous amortized cost basis less the OTTI recognized in earnings becomes the new amortized cost basis of the investment. Gross unrealized losses on investment securities were $3.7 million as of June 30, 2016 and $6.7 million as of December 31, 2015 . A majority of these losses represent negative adjustments to market value relative to the interest rate environment reflecting the increase in market rates and not losses related to the creditworthiness of the issuer. Based upon our review of the issuers, we do not believe these investments to be other than temporarily impaired. Management does not intend to sell these securities and it is not more likely than not that we will be required to sell them before their anticipated recovery. There are three collateralized debt obligations securities with previously recorded OTTI but there is no OTTI in 2016 or 2015 . Management has consistently used Standard & Poors pricing to value these investments. There are a number of other pricing sources available to determine fair value for these investments. These sources utilize a variety of methods to determine fair value. The result is a wide range of estimates of fair value for these securities. The Standard & Poors pricing ranges from 40.92 to 45.47 while Moody Investor Service pricing ranges from 13.05 to 40.27 , with others falling somewhere in between. We recognize that the Standard & Poors pricing utilized is an estimate, but have been consistent in using this source and its estimate of fair value. The table below presents a rollforward of the credit losses recognized in earnings for the three and six month periods ended June 30, 2016 and 2015 : Three Months Ended June 30, Six Months Ended June 30, (Dollar amounts in thousands) 2016 2015 2016 2015 Beginning balance $ 13,995 $ 13,995 $ 13,995 $ 14,050 Increases to the amount related to the credit Loss for which other-than-temporary was previously recognized — — — — Reductions for increases in cash flows collected (21 ) — (21 ) (55 ) Amounts realized for securities sold during the period — — — — Ending balance $ 13,974 $ 13,995 $ 13,974 $ 13,995 |
Fair Value
Fair Value | 6 Months Ended |
Jun. 30, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value | FASB ASC No. 820-10 establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) of identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level I prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The fair value of most securities available for sale is determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). For those securities that cannot be priced using quoted market prices or observable inputs a Level 3 valuation is determined. These securities are primarily trust preferred securities, which are priced using Level 3 due to current market illiquidity and certain investments in state and municipal securities. The fair value of the trust preferred securities is obtained from a third party provider without adjustment. As described previously, management obtains values from other pricing sources to validate the Standard & Poors pricing that they currently utilize. The fair value of state and municipal obligations are derived by comparing the securities to current market rates plus an appropriate credit spread to determine an estimated value. Illiquidity spreads are then considered. Credit reviews are performed on each of the issuers. The significant unobservable inputs used in the fair value measurement of the Corporation’s state and municipal obligations are credit spreads related to specific issuers. Significantly higher credit spread assumptions would result in significantly lower fair value measurement. Conversely, significantly lower credit spreads would result in a significantly higher fair value measurements. The fair value of derivatives is based on valuation models using observable market data as of the measurement date (Level 2 inputs). June 30, 2016 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total U.S. Government agencies $ — $ 10,407 $ — $ 10,407 Mortgage Backed Securities-residential — 225,381 — 225,381 Mortgage Backed Securities-commercial — 6 — 6 Collateralized mortgage obligations — 408,215 — 408,215 State and municipal — 216,883 4,210 221,093 Collateralized debt obligations — — 11,436 11,436 TOTAL $ — $ 860,892 $ 15,646 $ 876,538 Derivative Assets 1,979 Derivative Liabilities (1,979 ) December 31, 2015 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total U.S. Government agencies $ — $ 10,693 $ — $ 10,693 Mortgage Backed Securities-residential — 213,164 — 213,164 Mortgage Backed Securities-commercial — 9 — 9 Collateralized mortgage obligations — 437,634 — 437,634 State and municipal — 209,982 4,725 214,707 Collateralized debt obligations — — 14,875 14,875 TOTAL $ — $ 871,482 $ 19,600 $ 891,082 Derivative Assets 1,176 Derivative Liabilities (1,176 ) There were no transfers between levels of secrities during 2016 and 2015. The tables below presents a reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2016 and the year ended December 31, 2015 . Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Three Months Ended June 30, 2016 State and municipal obligations Collateralized debt obligations Total Beginning balance, April 1 $ 4,210 $ 13,152 $ 17,362 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — (1,586 ) (1,586 ) Transfers — — — Settlements — (130 ) (130 ) Ending balance, June 30 $ 4,210 $ 11,436 $ 15,646 Six Months Ended June 30, 2016 State and Collateralized Total Beginning balance, January 1 $ 4,725 $ 14,875 $ 19,600 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — (3,208 ) (3,208 ) Transfers — — — Settlements (515 ) (231 ) (746 ) Ending balance, June 30 $ 4,210 $ 11,436 $ 15,646 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Year Ended December 31, 2015 State and municipal obligations Collateralized debt obligations Total Beginning balance, January 1 $ 5,900 $ 15,303 $ 21,203 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — (268 ) (268 ) Purchases — — — Settlements (1,175 ) (160 ) (1,335 ) Ending balance, December 31 $ 4,725 $ 14,875 $ 19,600 The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at June 30, 2016 . Fair Value Valuation Technique(s) Unobservable Input(s) Range State and municipal obligations $ 4,210 Discounted cash flow Discount rate 3.05%-5.50% 0% Other real estate $ 2,837 Sales comparison/income approach Discount rate for age of appraisal and market conditions 5.00%-20.00% Impaired Loans $ 1,813 Sales comparison/income approach Discount rate for age of appraisal and market conditions 0.00%-50.00% The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at December 31, 2015 . Fair Value Valuation Technique(s) Unobservable Input(s) Range State and municipal obligations $ 4,725 Discounted cash flow Discount rate 3.05%-5.50% 0% Other real estate $ 3,466 Sales comparison/income approach Discount rate for age of appraisal and market conditions 5.00%-20.00% Impaired Loans 2,352 Sales comparison/income approach Discount rate for age of appraisal and market conditions 0.00%-50.00% Impaired loans disclosed in footnote 2, which are measured for impairment using the fair value of collateral, are valued at Level 3. They are carried at a fair value of $1.8 million , after a valuation allowance of $0.9 million at June 30, 2016 and at a fair value of $2.4 million , net of a valuation allowance of $1.2 million at December 31, 2015 . The impact to the provision for loan losses for the three and six months ended June 30, 2016 and for the 12 months ended December 31, 2015 was a $109 thousand decrease and a $452 thousand decrease for 2016 and a $271 thousand decrease for 2015, respectively. Other real estate owned is valued at Level 3. Other real estate owned at June 30, 2016 with a value of $2.8 million was reduced $1.1 million for fair value adjustment. At June 30, 2016 other real estate owned was comprised of $2.5 million from commercial loans and $368 thousand from residential loans. Other real estate owned at December 31, 2015 with a value of $3.5 million was reduced $743 thousand for fair value adjustment. At December 31, 2015 other real estate owned was comprised of $2.8 million from commercial loans and $655 thousand from residential loans. Fair value is measured based on the value of the collateral securing those loans, and is determined using several methods. Generally the fair value of real estate is determined based on appraisals by qualified licensed appraisers. Appraisals for real estate generally use three methods to derive value: cost, sales or market comparison and income approach. The cost method bases value on the cost to replace current property. The market comparison evaluates the sales price of similar properties in the same market area. The income approach considers net operating income generated by the property and the investor’s required return. The final fair value is based on a reconciliation of these three approaches. If an appraisal is not available, the fair value may be determined by using a cash flow analysis, a broker’s opinion of value, the net present value of future cash flows, or an observable market price from an active market. Fair value of other real estate is based upon the current appraised values of the properties as determined by qualified licensed appraisers and the Company’s judgment of other relevant market conditions. Appraisals are obtained annually and reductions in value are recorded as a valuation through a charge to expense. The primary unobservable input used by management in estimating fair value are additional discounts to the appraised value to consider market conditions and the age of the appraisal, which are based on management’s past experience in resolving these types of properties. These discounts range from 0% to 50% . Values for non-real estate collateral, such as business equipment, are based on appraisals performed by qualified licensed appraisers or the customers financial statements. Values for non real estate collateral use much higher discounts that real estate collateral. Other real estate and impaired loans carried at fair value are primarily comprised of smaller balance properties. The following tables presents loans identified as impaired by class of loans, and carried at fair value on a non-recuring basis, as of June 30, 2016 and December 31, 2015 , which are all considered Level 3. June 30, 2016 (Dollar amounts in thousands) Carrying Value Allowance for Loan Losses Allocated Fair Value Commercial Commercial & Industrial $ 994 $ 88 $ 906 Farmland — — — Non Farm, Non Residential 1,129 698 431 Agriculture — — — All Other Commercial — — — Residential First Liens 608 132 476 Home Equity — — — Junior Liens — — — Multifamily — — — All Other Residential — — — Consumer Motor Vehicle — — — All Other Consumer — — — TOTAL $ 2,731 $ 918 $ 1,813 December 31, 2015 (Dollar amounts in thousands) Carrying Value Allowance for Loan Losses Allocated Fair Value Commercial Commercial & Industrial $ 998 $ 212 $ 786 Farmland — — — Non Farm, Non Residential 1,415 741 674 Agriculture — — — All Other Commercial 225 — 225 Residential First Liens 873 206 667 Home Equity — — — Junior Liens — — — Multifamily — — — All Other Residential — — — Consumer Motor Vehicle — — — All Other Consumer — — — TOTAL $ 3,511 $ 1,159 $ 2,352 The carrying amounts and estimated fair value of financial instruments at June 30, 2016 and December 31, 2015 , are shown below. Carrying amount is the estimated fair value for cash and due from banks, federal funds sold, short-term borrowings, accrued interest receivable and payable, demand deposits, short-term debt and variable-rate loans or deposits that reprice frequently and fully. Security fair values were described previously. For fixed-rate, non-impaired loans or deposits, variable rate loans or deposits with infrequent repricing or repricing limits, and for longer-term borrowings, fair value is based on discounted cash flows using current market rates applied to the estimated life and considering credit risk. The valuation of impaired loans was described previously. Loan fair value estimates do not necessarily represent an exit price. Fair values of loans held for sale are based on market bids on the loans or similar loans. It was not practicable to determine the fair value of Federal Home Loan Bank stock due to restrictions placed on its transferability. Fair value of debt is based on current rates for similar financing. The fair value of off-balance sheet items is not considered material. June 30, 2016 Carrying Fair Value (Dollar amounts in thousands) Value Level 1 Level 2 Level 3 Total Cash and due from banks $ 55,438 $ 22,102 $ 33,336 $ — $ 55,438 Federal funds sold 5,500 — 5,500 — 5,500 Securities available-for-sale 876,538 — 860,892 15,646 876,538 Restricted stock 10,848 n/a n/a n/a n/a Loans, net 1,783,306 — — 1,851,990 1,851,990 Accrued interest receivable 10,869 — 2,763 8,106 10,869 Deposits (2,394,334 ) — (2,395,924 ) — (2,395,924 ) Short-term borrowings (62,247 ) — (62,247 ) — (62,247 ) Federal Home Loan Bank advances (10,828 ) — (10,935 ) — (10,935 ) Accrued interest payable (358 ) — (358 ) — (358 ) December 31, 2015 Carrying Fair Value (Dollar amounts in thousands) Value Level 1 Level 2 Level 3 Total Cash and due from banks $ 88,695 $ 19,715 $ 68,980 $ — $ 88,695 Federal funds sold 9,815 — 9,815 — 9,815 Securities available-for-sale 891,082 — 871,482 19,600 891,082 Restricted stock 10,838 n/a n/a n/a n/a Loans, net 1,743,862 — — 1,789,938 1,789,938 Accrued interest receivable 11,733 — 3,366 8,367 11,733 Deposits (2,442,369 ) — (2,442,612 ) — (2,442,612 ) Short-term borrowings (33,831 ) — (33,831 ) — (33,831 ) Federal Home Loan Bank advances (12,677 ) — (12,971 ) — (12,971 ) Accrued interest payable (389 ) — (389 ) — (389 ) |
Short-Term Borrowings
Short-Term Borrowings | 6 Months Ended |
Jun. 30, 2016 | |
Short-term Debt [Abstract] | |
Short-Term Borrowings | Short-Term Borrowings Period–end short-term borrowings were comprised of the following: (000 's) June 30, 2016 December 31, 2015 Federal Funds Purchased $ 32,290 $ 850 Repurchase Agreements 29,957 32,981 $ 62,247 $ 33,831 The Corporation enters into sales of securities under agreements to repurchase. The amounts received under these agreements represent short-term borrowings and are reflected as a liability in the consolidated balance sheets. The securities underlying these agreements are included in investment securities in the consolidated balance sheets. The Corporation has no control over the market value of the securities, which fluctuates due to market conditions. However, the Corporation is obligated to promptly transfer additional securities if the market value of the securities falls below the repurchase agreement price. The Corporation manages this risk by maintaining an unpledged securities portfolio that it believes is sufficient to cover a decline in the market value of the securities sold under agreements to repurchase. Collateral pledged to repurchase agreements by remaining maturity are as follows: June 30, 2016 Repurchase Agreements Remaining Contractual Maturity of the Agreements (Dollar amounts in thousands) Overnight and continuous Up to 30 days 30 - 90 days Greater than 90 days Total Mortgage Backed Securities - Residential and Collateralized Mortgage Obligations $ 7,927 $ 150 $ 211 $ 21,669 $ 29,957 December 31, 2015 Repurchase Agreements Remaining Contractual Maturity of the Agreements (Dollar amounts in thousands) Overnight and continuous Up to 30 days 30 - 90 days Greater than 90 days Total Mortgage Backed Securities - Residential and Collateralized Mortgage Obligations $ 10,420 $ 11,049 $ 10,794 $ 718 $ 32,981 |
Components of Net Periodic Bene
Components of Net Periodic Benefit Cost | 6 Months Ended |
Jun. 30, 2016 | |
Compensation and Retirement Disclosure [Abstract] | |
Components of Net Periodic Benefit Cost | Components of Net Periodic Benefit Cost Three Months Ended June 30, Six Months Ended June 30, (000's) (000's) Pension Benefits Post-Retirement Health Benefits Pension Benefits Post-Retirement Health Benefits 2016 2015 2016 2015 2016 2015 2016 2015 Service cost $ 470 $ 538 $ 14 $ 16 $ 941 $ 1,076 $ 27 $ 32 Interest cost 932 879 46 43 1,865 1,758 93 87 Expected return on plan assets (857 ) (863 ) — — (1,715 ) (1,726 ) — — Amortization of transition obligation — — — — — — — — Net amortization of prior service cost — — — — — — — — Net amortization of net (gain) loss 484 1,185 — — 967 2,370 — — Net Periodic Benefit Cost $ 1,029 $ 1,739 $ 60 $ 59 $ 2,058 $ 3,478 $ 120 $ 119 Employer Contributions First Financial Corporation previously disclosed in its financial statements for the year ended December 31, 2015 that it expected to contribute $2.7 million and $ 1.1 million respectively to its Pension Plan and ESOP and $262 thousand to the Post Retirement Health Benefits Plan in 2016. Contributions of $1.2 million have been made to the Pension Plan thus far in 2016. Contributions of $99 thousand have been made through the first six months of 2016 for the Post Retirement Health Benefits plan. No contributions have been made in 2016 for the ESOP. The Pension plan was frozen for most employees at the end of 2012 and for those employees there will be discretionary contributions to the ESOP plan and a 401K plan in place of the former Pension benefit. In the first six months of 2016 and 2015 there has been $826 thousand and $359 thousand of expense accrued for potential contributions to these alternative retirement benefit options. |
New accounting standards
New accounting standards | 6 Months Ended |
Jun. 30, 2016 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
New accounting standards | New accounting standards In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, amending ASU Subtopic 825-10. The amendments in this update make targeted improvements to generally accepted accounting principles (GAAP) as follows: 1) Require equity investments to be measured at fair value with changes in fair value recognized in net income.; 2) Simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment.; 3) Eliminate the requirement to disclose the fair value of financial instruments measured at amortized cost for entities that are not public business entities.; 4) Eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet.; 5) Require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes.; 6) Require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments.; 7) Require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements.; and 8) Clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. The amendments in this update are effective for fiscal years beginning after December 15, 2017. The Corporation has not yet made a determination of the impact on the financial statements of the provisions for ASU 2016-01. In February 2016, the FASB issued ASU No. 2016-02, "Leases." Under the new guidance, lessees will be required to recognize the following for all leases (with the exception of short-term leases): 1) a lease liability, which is the present value of a lessee's obligation to make lease payments, and 2) a right-of-use asset, which is an asset that represents the lessee's right to use, or control the use of, a specified asset for the lease term. Lessor accounting under the new guidance remains largely unchanged as it is substantially equivalent to existing guidance for sales-type leases, direct financing leases, and operating leases. Leveraged leases have been eliminated, although lessors can continue to account for existing leveraged leases using the current accounting guidance. Other limited changes were made to align lessor accounting with the lessee accounting model and the new revenue recognition standard. All entities will classify leases to determine how to recognize lease-related revenue and expense. Quantitative and qualitative disclosures will be required by lessees and lessors to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The intention is to require enough information to supplement the amounts recorded in the financial statements so that users can understand more about the nature of an entity’s leasing activities. ASU No. 2016-02 is effective for interim and annual reporting periods beginning after December 15, 2018; early adoption is permitted. All entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. They have the option to use certain relief; full retrospective application is prohibited. The Corporation is currently evaluating the provisions of ASU No. 2016-02 and will be closely monitoring developments and additional guidance to determine the potential impact the new standard will have on the Corporation's Consolidated Financial Statements. In March 2016, the FASB issued ASU No. 2016-09, "Improvements to Employee Share-Based Payment Accounting.” This ASU includes provisions intended to simplify various aspects related to how share-based payments are accounted for and presented in the financial statements. Some of the key provisions of this new ASU include: (1) companies will no longer record excess tax benefits and certain tax deficiencies in additional paid-in capital (“APIC”). Instead, they will record all excess tax benefits and tax deficiencies as income tax expense or benefit in the income statement, and APIC pools will be eliminated. The guidance also eliminates the requirement that excess tax benefits be realized before companies can recognize them. In addition, the guidance requires companies to present excess tax benefits as an operating activity on the statement of cash flows rather than as a financing activity; (2) increase the amount an employer can withhold to cover income taxes on awards and still qualify for the exception to liability classification for shares used to satisfy the employer’s statutory income tax withholding obligation. The new guidance will also require an employer to classify the cash paid to a tax authority when shares are withheld to satisfy its statutory income tax withholding obligation as a financing activity on its statement of cash flows (current guidance did not specify how these cash flows should be classified); and (3) permit companies to make an accounting policy election for the impact of forfeitures on the recognition of expense for share-based payment awards. Forfeitures can be estimated, as required today, or recognized when they occur. ASU No. 2016-09 is effective for interim and annual reporting periods beginning after December 15, 2016. Early adoption is permitted, but all of the guidance must be adopted in the same period. The Corporation is currently evaluating the provisions of ASU No. 2016-09 to determine the potential impact the new standard will have on the Corporation's Consolidated Financial Statements. In June 2016 ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU 2016-13), was issued and requires entities to use a current expected credit loss ("CECL") model which is a new impairment model based on expected losses rather than incurred losses. Under this model an entity would recognize an impairment allowance equal to its current estimate of all contractual cash flows that the entity does not expect to collect from financial assets measured at amortized cost. The entity's estimate would consider relevant information about past events, current conditions, and reasonable and supportable forecasts, which will result in recognition of lifetime expected credit losses upon loan origination. ASU 2016-13 is effective for interim and annual reporting periods beginning after December 15, 2019, with early adoption permitted for annual reporting periods beginning after December 15, 2018. We are currently assessing the impact the adoption of ASU 2016-13 will have on our consolidated financial statements |
Acquisitions and FDIC Indemnifi
Acquisitions and FDIC Indemnification Asset | 6 Months Ended |
Jun. 30, 2016 | |
Business Combinations [Abstract] | |
Acquisitions and FDIC Indemnification Asset | Acquisitions, Divestitures and FDIC Indemnification Asset The Bank is party to a loss sharing agreement with the FDIC as a result of a 2009 acquisition. Under the loss-sharing agreement (“LSA”), the Bank will share in the losses on assets covered under the agreement (referred to as covered assets). On losses up to $29 million , the FDIC has agreed to reimburse the Bank for 80 percent of the losses. On losses exceeding $29 million , the FDIC has agreed to reimburse the Bank for 95 percent of the losses. The loss-sharing agreement is subject to following servicing procedures as specified in the agreement with the FDIC. Loans acquired that are subject to the loss-sharing agreement with the FDIC are referred to as covered loans for disclosure purposes. Since the acquisition date the Bank has been reimbursed $ 19.4 million for losses and carrying expenses and currently carries an immaterial balance in the indemnification asset. The balance of loans covered by the loss share agreement at June 30, 2016 and December 31, 2015 totaled $6 million and $6.5 million , respectively. The only loans still covered by the loss share agreement are the single family loans; however recoveries on non-single family loans are still subject to sharing with the FDIC until 2017. FASB ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality, applies to a loan with evidence of deterioration of credit quality since origination, acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. FASB ASC 310-30 prohibits carrying over or creating an allowance for loan losses upon initial recognition. The carrying amount of loans accounted for in accordance with FASB ASC 310-30 at June 30, 2016 and 2015 are shown in the following table: 2016 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, April 1, $ 4,036 $ 1,467 $ 5,503 Discount accretion — — — Disposals (124 ) (11 ) (135 ) ASC 310-30 Loans, June 30, $ 3,912 $ 1,456 $ 5,368 2016 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, January 1, $ 4,122 $ 1,480 $ 5,602 Discount accretion — — — Disposals (210 ) (24 ) (234 ) ASC 310-30 Loans, June 30, $ 3,912 $ 1,456 $ 5,368 2015 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, April 1, $ 4,701 $ 1,558 $ 6,259 Discount accretion — — — Disposals (372 ) (11 ) (383 ) ASC 310-30 Loans, June 30, $ 4,329 $ 1,547 $ 5,876 2015 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, January 1, $ 4,803 $ 1,571 $ 6,374 Discount accretion — — — Disposals (474 ) (24 ) (498 ) ASC 310-30 Loans, June 30, $ 4,329 $ 1,547 $ 5,876 During the quarter ended March 31, 2016 the Corporation sold a significant portion of the assets and liabilities of the insurance operation for a gain of $13.0 million . Settlement of the transaction has not been completed but the gain is not expected to be materially different. The total assets, total revenues and net income of the insurance operation for 2015 were $13.0 million , $7.6 million and $168 thousand , respectively. For 2014 they were $15.8 million , $8.3 million and $554 thousand , respectively. The Corporation has chosen to focus its resources on the core banking activities. The sale of the insurance operations eliminated the goodwill of $5.1 million from the original acquisition. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 6 Months Ended |
Jun. 30, 2016 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Accumulated Other Comprehensive Income | 9. Accumulated Other Comprehensive Income The following table summarizes the changes, net of tax within each classification of accumulated other comprehensive income for the three and six months ended June 30, 2016 and 2015 . Unrealized gains and 2016 Losses on available- for-sale Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, April 1, $ 13,091 $ (18,150 ) $ (5,059 ) Change in other comprehensive income before reclassification 1,269 — 1,269 Amounts reclassified from accumulated other comprehensive income (7 ) 304 297 Net Current period other comprehensive other income 1,262 304 1,566 Ending balance, June 30, $ 14,353 $ (17,846 ) $ (3,493 ) Unrealized gains and 2016 Losses on Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, January 1, $ 9,053 $ (18,454 ) $ (9,401 ) Change in other comprehensive income before reclassification 5,308 — 5,308 Amounts reclassified from accumulated other comprehensive income (8 ) 608 600 Net Current period other comprehensive other income 5,300 608 5,908 Ending balance, June 30, $ 14,353 $ (17,846 ) $ (3,493 ) Unrealized gains and 2015 Losses on available- for-sale Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, April 1, $ 15,040 $ (22,343 ) $ (7,303 ) Change in other comprehensive income before reclassification (7,571 ) — (7,571 ) Amounts reclassified from accumulated other comprehensive income 7 819 826 Net Current period other comprehensive other income (7,564 ) 819 (6,745 ) Ending balance, June 30, $ 7,476 $ (21,524 ) $ (14,048 ) Unrealized gains and 2015 Losses on Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, January 1, $ 10,278 $ (24,807 ) $ (14,529 ) Change in other comprehensive income before reclassification (2,810 ) — (2,810 ) Amounts reclassified from accumulated other comprehensive income 8 3,283 3,291 Net Current period other comprehensive other income (2,802 ) 3,283 481 Ending balance, June 30, $ 7,476 $ (21,524 ) $ (14,048 ) Balance at Current Period Balance at (Dollar amounts in thousands) 4/1/2016 Change 6/30/2016 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ 10,880 $ 2,240 $ 13,120 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 2,211 (978 ) 1,233 Total unrealized loss on securities available-for-sale $ 13,091 $ 1,262 $ 14,353 Unrealized loss on retirement plans (18,150 ) 304 (17,846 ) TOTAL $ (5,059 ) $ 1,566 $ (3,493 ) Balance at Current Period Balance at (Dollar amounts in thousands) 1/1/2016 Change 6/30/2016 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ 6,083 $ 7,037 $ 13,120 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 2,970 (1,737 ) 1,233 Total unrealized loss on securities available-for-sale $ 9,053 $ 5,300 $ 14,353 Unrealized loss on retirement plans (18,454 ) 608 (17,846 ) TOTAL $ (9,401 ) $ 5,908 $ (3,493 ) Balance at Current Period Balance at (Dollar amounts in thousands) 4/1/2015 Change 6/30/2015 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ 11,448 $ (7,019 ) $ 4,429 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 3,592 (545 ) 3,047 Total unrealized loss on securities available-for-sale $ 15,040 $ (7,564 ) $ 7,476 Unrealized loss on retirement plans (22,343 ) 819 (21,524 ) TOTAL $ (7,303 ) $ (6,745 ) $ (14,048 ) Balance at Current Period Balance at (Dollar amounts in thousands) 1/1/2015 Change 6/30/2015 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ 7,164 $ (2,735 ) $ 4,429 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 3,114 (67 ) 3,047 Total unrealized loss on securities available-for-sale $ 10,278 $ (2,802 ) $ 7,476 Unrealized loss on retirement plans (24,807 ) 3,283 (21,524 ) TOTAL $ (14,529 ) $ 481 $ (14,048 ) Three Months Ended June 30, 2016 Details about accumulated Amount reclassified from Affected line item in other comprehensive accumulated other the statement where income components comprehensive income net income is presented (in thousands) Unrealized gains and losses $ 10 Net securities gains (losses) on available-for-sale (3 ) Income tax expense securities $ 7 Net of tax Amortization of $ 507 (a) Salary and benefits retirement plan items (203 ) Income tax expense $ 304 Net of tax Total reclassifications for the period $ 311 Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 7 for additional details). Six Months Ended June 30, 2016 Details about accumulated Amount reclassified from Affected line item in other comprehensive accumulated other the statement where income components comprehensive income net income is presented (in thousands) Unrealized gains and losses $ 13 Net securities gains (losses) on available-for-sale (5 ) Income tax expense securities $ 8 Net of tax Amortization of $ 1,014 (a) Salary and benefits retirement plan items (406 ) Income tax expense $ 608 Net of tax Total reclassifications for the period $ 616 Net of tax Three Months Ended June 30, 2015 Details about accumulated Amount reclassified from Affected line item in other comprehensive accumulated other the statement where income components comprehensive income net income is presented (in thousands) Unrealized gains and losses $ 10 Net securities gains (losses) on available-for-sale (3 ) Income tax expense securities $ 7 Net of tax Amortization of $ 1,365 (a) Salary and benefits retirement plan items (546 ) Income tax expense $ 819 Net of tax Total reclassifications for the period $ 826 Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 7 for additional details). Six Months Ended June 30, 2015 Details about accumulated Amount reclassified from Affected line item in other comprehensive accumulated other the statement where income components comprehensive income net income is presented (in thousands) Unrealized gains and losses $ 14 Net securities gains (losses) on available-for-sale (6 ) Income tax expense securities $ 8 Net of tax Amortization of $ 5,472 (a) Salary and benefits retirement plan items (2,189 ) Income tax expense $ 3,283 Net of tax Total reclassifications for the period $ 3,291 Net of tax |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Allowance for Loan and Lease Losses Write-offs, Net [Abstract] | |
Schedule of allowances for loan losses by portfolio segment | The following table presents the activity of the allowance for loan losses by portfolio segment for the three months ended June 30. Allowance for Loan Losses: June 30, 2016 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 11,168 $ 1,769 $ 5,106 $ 1,883 $ 19,926 Provision for loan losses (816 ) (22 ) 749 524 435 Loans charged -off (555 ) (232 ) (1,055 ) — (1,842 ) Recoveries 447 80 458 — 985 Ending Balance $ 10,244 $ 1,595 $ 5,258 $ 2,407 $ 19,504 Allowance for Loan Losses: June 30, 2015 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 10,818 $ 1,622 $ 4,494 $ 2,417 $ 19,351 Provision for loan losses 160 277 638 75 1,150 Loans charged -off (272 ) (181 ) (1,026 ) — (1,479 ) Recoveries 225 42 572 — 839 Ending Balance $ 10,931 $ 1,760 $ 4,678 $ 2,492 $ 19,861 |
Allocation of the allowance for loan losses by portfolio segment based on the impairment method | The following table presents the allocation of the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method at June 30, 2016 and December 31, 2015 . Allowance for Loan Losses June 30, 2016 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Individually evaluated for impairment $ 786 $ 132 $ — $ — $ 918 Collectively evaluated for impairment 9,307 1,463 5,258 2,407 18,435 Acquired with deteriorated credit quality 151 — — — 151 Ending Balance $ 10,244 $ 1,595 $ 5,258 $ 2,407 $ 19,504 Loans: June 30, 2016 (Dollar amounts in thousands) Commercial Residential Consumer Total Individually evaluated for impairment $ 8,967 $ 635 $ — $ 9,602 Collectively evaluated for impairment 1,074,936 429,103 288,553 1,792,592 Acquired with deteriorated credit quality 3,878 1,502 — 5,380 Ending Balance $ 1,087,781 $ 431,240 $ 288,553 $ 1,807,574 Allowance for Loan Losses: December 31, 2015 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Individually evaluated for impairment 953 206 — — 1,159 Collectively evaluated for impairment 10,342 1,628 4,945 1,685 18,600 Acquired with deteriorated credit quality 187 — — — 187 Ending Balance $ 11,482 $ 1,834 $ 4,945 $ 1,685 $ 19,946 Loans December 31, 2015 (Dollar amounts in thousands) Commercial Residential Consumer Total Individually evaluated for impairment 8,823 902 — 9,725 Collectively evaluated for impairment 1,037,086 443,224 274,134 1,754,444 Acquired with deteriorated credit quality 4,092 1,529 — 5,621 Ending Balance $ 1,050,001 $ 445,655 $ 274,134 $ 1,769,790 |
Schedule of loans individually evaluated for impairment by class of loans | The following tables present loans individually evaluated for impairment by class of loans. June 30, 2016 Unpaid Principal Recorded Allowance for Loan Losses Average Recorded Interest Income Cash Basis Interest (Dollar amounts in thousands) Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial Commercial & Industrial $ 529 $ 236 $ — $ 841 $ — $ — Farmland 1,465 1,465 — 488 — — Non Farm, Non Residential 3,084 3,084 — 3,147 — — Agriculture 635 635 — 212 — — All Other Commercial 1,424 1,424 — 1,540 — — Residential First Liens 27 27 — 28 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 994 994 88 864 — — Farmland — — — — — — Non Farm, Non Residential 1,129 1,129 698 1,240 — — Agriculture — — — — — — All Other Commercial — — — 75 — — Residential First Liens 608 608 132 722 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 9,895 $ 9,602 $ 918 $ 9,157 $ — $ — December 31, 2015 Unpaid Principal Recorded Allowance for Loan Losses Average Recorded Interest Income Cash Basis Interest Income (Dollar amounts in thousands) Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial Commercial & Industrial $ 1,516 $ 1,223 $ — $ 1,796 $ — $ — Farmland — — — — — — Non Farm, Non Residential 3,202 3,202 — 2,080 — — Agriculture — — — — — — All Other Commercial 1,760 1,760 — 1,175 — — Residential First Liens 29 29 — 18 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 998 998 212 3,463 — — Farmland — — — — — — Non Farm, Non Residential 1,415 1,415 741 3,682 — — Agriculture — — — — — — All Other Commercial 225 225 — 483 — — Residential First Liens 873 873 206 460 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 10,018 $ 9,725 $ 1,159 $ 13,157 $ — $ — |
Schedule of non-performing loans | The tables below presents the recorded investment in non-performing loans. June 30, 2016 Loans Past Due Over 90 Day Still Troubled Debt (Dollar amounts in thousands) Accruing Accruing Nonaccrual Nonaccrual Commercial Commercial & Industrial $ — $ 4 $ 403 $ 1,961 Farmland 48 — — 1,520 Non Farm, Non Residential — 5 3,041 1,828 Agriculture — — — 1,107 All Other Commercial — — — 1,329 Residential First Liens 744 3,894 1,157 5,339 Home Equity 99 — — 207 Junior Liens 86 — — 206 Multifamily — — — — All Other Residential — — — 102 Consumer Motor Vehicle 133 84 1 171 All Other Consumer — 109 470 756 TOTAL $ 1,110 $ 4,096 $ 5,072 $ 14,526 December 31, 2015 Loans Past Due Over 90 Day Still Troubled Debt (Dollar amounts in thousands) Accruing Accruing Nonaccrual Nonaccrual Commercial Commercial & Industrial $ — $ 5 $ 422 $ 3,187 Farmland — — — 219 Non Farm, Non Residential — 6 3,152 2,545 Agriculture — — — 378 All Other Commercial — — — 1,817 Residential First Liens 809 4,577 1,034 4,839 Home Equity 10 — — 320 Junior Liens 45 — — 211 Multifamily — — — — All Other Residential — — — 111 Consumer Motor Vehicle 148 — 2 213 All Other Consumer 4 — 400 794 TOTAL $ 1,016 $ 4,588 $ 5,010 $ 14,634 |
Troubled Debt Restructurings on Financing Receivables | During the three and six months ended June 30, 2016 and 2015 , the terms of certain loans were modified as troubled debt restructurings (TDRs). The following tables present the activity for TDR's. 2016 (Dollar amounts in thousands) Commercial Residential Consumer Total April 1, $ 3,529 $ 5,285 $ 695 $ 9,509 Added — 43 62 105 Charged Off — (125 ) (6 ) (131 ) Payments (76 ) (170 ) (82 ) (328 ) June 30, $ 3,453 $ 5,033 $ 669 $ 9,155 2016 (Dollar amounts in thousands) Commercial Residential Consumer Total January 1, 3,584 5,593 683 9,860 Added — 123 150 273 Charged Off — (181 ) (26 ) (207 ) Payments (131 ) (502 ) (138 ) (771 ) June 30, 3,453 5,033 669 9,155 2015 (Dollar amounts in thousands) Commercial Residential Consumer Total April 1, 8,835 5,618 614 15,067 Added — 73 189 262 Charged Off — — (40 ) (40 ) Payments (130 ) (102 ) (106 ) (338 ) June 30, 8,705 5,589 657 14,951 2015 (Dollar amounts in thousands) Commercial Residential Consumer Total January 1, 8,955 5,189 614 14,758 Added — 652 189 841 Charged Off — (62 ) (40 ) (102 ) Payments (250 ) (190 ) (106 ) (546 ) June 30, 8,705 5,589 657 14,951 |
Aging of recorded investment in loans by past due category and class of loans | The following tables presents the aging of the recorded investment in loans by past due category and class of loans. June 30, 2016 30-59 Days 60-89 Days Greater than 90 days Total (Dollar amounts in thousands) Past Due Past Due Past Due Past Due Current Total Commercial Commercial & Industrial $ 615 $ 112 $ 1,027 $ 1,754 $ 484,840 $ 486,594 Farmland 141 1,005 48 1,194 114,079 115,273 Non Farm, Non Residential 12 450 130 592 203,394 203,986 Agriculture 582 — 381 963 139,490 140,453 All Other Commercial 9 — — 9 141,466 141,475 Residential First Liens 981 520 1,990 3,491 277,145 280,636 Home Equity 64 32 115 211 35,745 35,956 Junior Liens 261 23 230 514 34,479 34,993 Multifamily — — — — 71,883 71,883 All Other Residential — — — — 7,772 7,772 Consumer Motor Vehicle 2,822 452 229 3,503 261,607 265,110 All Other Consumer 102 98 1 201 23,242 23,443 TOTAL $ 5,589 $ 2,692 $ 4,151 $ 12,432 $ 1,795,142 $ 1,807,574 December 31, 2015 30-59 Days 60-89 Days Greater than 90 days Total (Dollar amounts in thousands) Past Due Past Due Past Due Past Due Current Total Commercial Commercial & Industrial $ 326 $ 274 $ 1,405 $ 2,005 $ 476,984 $ 478,989 Farmland 135 — — 135 106,725 106,860 Non Farm, Non Residential 1,824 90 310 2,224 206,844 209,068 Agriculture 65 38 324 427 143,116 143,543 All Other Commercial 25 32 — 57 111,484 111,541 Residential First Liens 4,960 1,181 1,671 7,812 285,913 293,725 Home Equity 85 23 114 222 37,502 37,724 Junior Liens 179 29 177 385 32,876 33,261 Multifamily — — — — 70,735 70,735 All Other Residential 15 — — 15 10,195 10,210 Consumer Motor Vehicle 3,212 568 181 3,961 247,882 251,843 All Other Consumer 38 10 5 53 22,238 22,291 TOTAL $ 10,864 $ 2,245 $ 4,187 $ 17,296 $ 1,752,494 $ 1,769,790 |
Analysis of risk category of loans by class of loans | Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Loans listed as not rated are either less than $100 thousand or are included in groups of homogeneous loans. As of June 30, 2016 and December 31, 2015 , and based on the most recent analysis performed, the risk category of loans by class of loans are as follows: June 30, 2016 (Dollar amounts in thousands) Pass Special Mention Substandard Doubtful Not Rated Total Commercial Commercial & Industrial $ 433,878 $ 19,378 $ 27,153 $ 470 $ 4,471 $ 485,350 Farmland 93,903 13,172 6,602 — 14 113,691 Non Farm, Non Residential 176,105 9,401 18,006 — — 203,512 Agriculture 111,776 16,887 10,242 24 180 139,109 All Other Commercial 128,842 121 10,995 76 765 140,799 Residential First Liens 93,910 3,669 7,607 603 173,986 279,775 Home Equity 10,125 213 912 9 24,646 35,905 Junior Liens 7,690 241 542 27 26,407 34,907 Multifamily 70,130 1,574 15 — 24 71,743 All Other Residential 522 — 23 — 7,207 7,752 Consumer Motor Vehicle 10,563 274 517 10 252,612 263,976 All Other Consumer 2,799 45 103 14 20,371 23,332 TOTAL $ 1,140,243 $ 64,975 $ 82,717 $ 1,233 $ 510,683 $ 1,799,851 December 31, 2015 (Dollar amounts in thousands) Pass Special Mention Substandard Doubtful Not Rated Total Commercial Commercial & Industrial $ 417,880 $ 20,422 $ 32,778 $ 757 $ 5,638 $ 477,475 Farmland 93,418 6,387 5,208 — 16 105,029 Non Farm, Non Residential 180,659 8,114 19,857 — — 208,630 Agriculture 121,244 11,964 8,419 27 170 141,824 All Other Commercial 95,850 2,649 10,887 101 1,535 111,022 Residential First Liens 96,146 4,594 8,598 699 182,791 292,828 Home Equity 11,701 387 669 10 24,895 37,662 Junior Liens 7,493 86 505 58 25,033 33,175 Multifamily 68,972 1,602 — — 23 70,597 All Other Residential 886 — 24 — 9,275 10,185 Consumer Motor Vehicle 10,287 356 534 — 239,543 250,720 All Other Consumer 2,930 77 125 14 19,030 22,176 TOTAL $ 1,107,466 $ 56,638 $ 87,604 $ 1,666 $ 507,949 $ 1,761,323 |
Securities (Tables)
Securities (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Amortized cost and fair value of investments classified as available-for-sale | June 30, 2016 (Dollar amounts in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government agencies $ 10,175 $ 232 $ — $ 10,407 Mortgage Backed Securities - residential 218,840 6,583 (42 ) 225,381 Mortgage Backed Securities - commercial 6 — — 6 Collateralized mortgage obligations 404,630 5,030 (1,445 ) 408,215 State and municipal obligations 210,745 10,352 (4 ) 221,093 Collateralized debt obligations 9,411 4,276 (2,251 ) 11,436 TOTAL $ 853,807 $ 26,473 $ (3,742 ) $ 876,538 December 31, 2015 (Dollar amounts in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government agencies $ 10,670 $ 46 $ (23 ) $ 10,693 Mortgage Backed Securities-residential 208,705 5,089 (630 ) 213,164 Mortgage Backed Securities-commercial 9 — — 9 Collateralized mortgage obligations 441,500 2,141 (6,007 ) 437,634 State and municipal obligations 206,291 8,475 (59 ) 214,707 Collateralized debt obligations 9,621 5,254 — 14,875 TOTAL $ 876,796 $ 21,005 $ (6,719 ) $ 891,082 |
Schedule of contractual maturities of debt securities | Contractual maturities of debt securities at June 30, 2016 were as follows. Securities not due at a single maturity or with no maturity date, primarily mortgage-backed and equity securities are shown separately. Available-for-Sale Amortized Fair (Dollar amounts in thousands) Cost Value Due in one year or less $ 6,948 $ 7,026 Due after one but within five years 54,311 55,913 Due after five but within ten years 89,092 94,509 Due after ten years 79,980 85,488 230,331 242,936 Mortgage-backed securities and collateralized mortgage obligations 623,476 633,602 TOTAL $ 853,807 $ 876,538 |
Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position | The following tables show the securities’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position, at June 30, 2016 and December 31, 2015 . June 30, 2016 Less Than 12 Months More Than 12 Months Total Unrealized Unrealized Unrealized (Dollar amounts in thousands) Fair Value Losses Fair Value Losses Fair Value Losses Mortgage Backed Securities - Residential $ 19,049 $ (41 ) $ 155 $ (1 ) $ 19,204 $ (42 ) Collateralized mortgage obligations 12,132 (76 ) 120,995 (1,369 ) 133,127 (1,445 ) State and municipal obligations 1,100 (2 ) 410 (2 ) 1,510 (4 ) Collateralized Debt Obligations 6,717 (2,251 ) — — 6,717 (2,251 ) Total temporarily impaired securities $ 38,998 $ (2,370 ) $ 121,560 $ (1,372 ) $ 160,558 $ (3,742 ) December 31, 2015 Less Than 12 Months More Than 12 Months Total Unrealized Unrealized Unrealized (Dollar amounts in thousands) Fair Value Losses Fair Value Losses Fair Value Losses US Government entity mortgage-backed securities $ 9,455 $ (23 ) $ — $ — $ 9,455 $ (23 ) Mortgage Backed Securities - Residential $ 69,940 $ (428 ) $ 11,766 $ (202 ) $ 81,706 $ (630 ) Collateralized mortgage obligations 151,484 (1,535 ) 139,435 (4,472 ) 290,919 (6,007 ) State and municipal obligations 3,547 (16 ) 3,045 (43 ) 6,592 (59 ) Total temporarily impaired securities $ 234,426 $ (2,002 ) $ 154,246 $ (4,717 ) $ 388,672 $ (6,719 ) |
Rollforward of the credit losses recognized in earnings | The table below presents a rollforward of the credit losses recognized in earnings for the three and six month periods ended June 30, 2016 and 2015 : Three Months Ended June 30, Six Months Ended June 30, (Dollar amounts in thousands) 2016 2015 2016 2015 Beginning balance $ 13,995 $ 13,995 $ 13,995 $ 14,050 Increases to the amount related to the credit Loss for which other-than-temporary was previously recognized — — — — Reductions for increases in cash flows collected (21 ) — (21 ) (55 ) Amounts realized for securities sold during the period — — — — Ending balance $ 13,974 $ 13,995 $ 13,974 $ 13,995 |
Fair Value (Tables)
Fair Value (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Fair Value Disclosures [Abstract] | |
Schedule of assets and liabilities measured at fair value | The fair value of derivatives is based on valuation models using observable market data as of the measurement date (Level 2 inputs). June 30, 2016 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total U.S. Government agencies $ — $ 10,407 $ — $ 10,407 Mortgage Backed Securities-residential — 225,381 — 225,381 Mortgage Backed Securities-commercial — 6 — 6 Collateralized mortgage obligations — 408,215 — 408,215 State and municipal — 216,883 4,210 221,093 Collateralized debt obligations — — 11,436 11,436 TOTAL $ — $ 860,892 $ 15,646 $ 876,538 Derivative Assets 1,979 Derivative Liabilities (1,979 ) December 31, 2015 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total U.S. Government agencies $ — $ 10,693 $ — $ 10,693 Mortgage Backed Securities-residential — 213,164 — 213,164 Mortgage Backed Securities-commercial — 9 — 9 Collateralized mortgage obligations — 437,634 — 437,634 State and municipal — 209,982 4,725 214,707 Collateralized debt obligations — — 14,875 14,875 TOTAL $ — $ 871,482 $ 19,600 $ 891,082 Derivative Assets 1,176 Derivative Liabilities (1,176 ) |
Roll forward of financial instruments having fair value measurements using significant unobservable inputs (Level 3) | The tables below presents a reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2016 and the year ended December 31, 2015 . Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Three Months Ended June 30, 2016 State and municipal obligations Collateralized debt obligations Total Beginning balance, April 1 $ 4,210 $ 13,152 $ 17,362 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — (1,586 ) (1,586 ) Transfers — — — Settlements — (130 ) (130 ) Ending balance, June 30 $ 4,210 $ 11,436 $ 15,646 Six Months Ended June 30, 2016 State and Collateralized Total Beginning balance, January 1 $ 4,725 $ 14,875 $ 19,600 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — (3,208 ) (3,208 ) Transfers — — — Settlements (515 ) (231 ) (746 ) Ending balance, June 30 $ 4,210 $ 11,436 $ 15,646 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Year Ended December 31, 2015 State and municipal obligations Collateralized debt obligations Total Beginning balance, January 1 $ 5,900 $ 15,303 $ 21,203 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — (268 ) (268 ) Purchases — — — Settlements (1,175 ) (160 ) (1,335 ) Ending balance, December 31 $ 4,725 $ 14,875 $ 19,600 |
Quantitative information about recurring and non-recurring Level 3 | The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at June 30, 2016 . Fair Value Valuation Technique(s) Unobservable Input(s) Range State and municipal obligations $ 4,210 Discounted cash flow Discount rate 3.05%-5.50% 0% Other real estate $ 2,837 Sales comparison/income approach Discount rate for age of appraisal and market conditions 5.00%-20.00% Impaired Loans $ 1,813 Sales comparison/income approach Discount rate for age of appraisal and market conditions 0.00%-50.00% The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at December 31, 2015 . Fair Value Valuation Technique(s) Unobservable Input(s) Range State and municipal obligations $ 4,725 Discounted cash flow Discount rate 3.05%-5.50% 0% Other real estate $ 3,466 Sales comparison/income approach Discount rate for age of appraisal and market conditions 5.00%-20.00% Impaired Loans 2,352 Sales comparison/income approach Discount rate for age of appraisal and market conditions 0.00%-50.00% |
Schedule of loans identified as impaired by class of loans | The following tables presents loans identified as impaired by class of loans, and carried at fair value on a non-recuring basis, as of June 30, 2016 and December 31, 2015 , which are all considered Level 3. June 30, 2016 (Dollar amounts in thousands) Carrying Value Allowance for Loan Losses Allocated Fair Value Commercial Commercial & Industrial $ 994 $ 88 $ 906 Farmland — — — Non Farm, Non Residential 1,129 698 431 Agriculture — — — All Other Commercial — — — Residential First Liens 608 132 476 Home Equity — — — Junior Liens — — — Multifamily — — — All Other Residential — — — Consumer Motor Vehicle — — — All Other Consumer — — — TOTAL $ 2,731 $ 918 $ 1,813 December 31, 2015 (Dollar amounts in thousands) Carrying Value Allowance for Loan Losses Allocated Fair Value Commercial Commercial & Industrial $ 998 $ 212 $ 786 Farmland — — — Non Farm, Non Residential 1,415 741 674 Agriculture — — — All Other Commercial 225 — 225 Residential First Liens 873 206 667 Home Equity — — — Junior Liens — — — Multifamily — — — All Other Residential — — — Consumer Motor Vehicle — — — All Other Consumer — — — TOTAL $ 3,511 $ 1,159 $ 2,352 |
Schedule of carrying amount and estimated fair value of financial instruments | The fair value of off-balance sheet items is not considered material. June 30, 2016 Carrying Fair Value (Dollar amounts in thousands) Value Level 1 Level 2 Level 3 Total Cash and due from banks $ 55,438 $ 22,102 $ 33,336 $ — $ 55,438 Federal funds sold 5,500 — 5,500 — 5,500 Securities available-for-sale 876,538 — 860,892 15,646 876,538 Restricted stock 10,848 n/a n/a n/a n/a Loans, net 1,783,306 — — 1,851,990 1,851,990 Accrued interest receivable 10,869 — 2,763 8,106 10,869 Deposits (2,394,334 ) — (2,395,924 ) — (2,395,924 ) Short-term borrowings (62,247 ) — (62,247 ) — (62,247 ) Federal Home Loan Bank advances (10,828 ) — (10,935 ) — (10,935 ) Accrued interest payable (358 ) — (358 ) — (358 ) December 31, 2015 Carrying Fair Value (Dollar amounts in thousands) Value Level 1 Level 2 Level 3 Total Cash and due from banks $ 88,695 $ 19,715 $ 68,980 $ — $ 88,695 Federal funds sold 9,815 — 9,815 — 9,815 Securities available-for-sale 891,082 — 871,482 19,600 891,082 Restricted stock 10,838 n/a n/a n/a n/a Loans, net 1,743,862 — — 1,789,938 1,789,938 Accrued interest receivable 11,733 — 3,366 8,367 11,733 Deposits (2,442,369 ) — (2,442,612 ) — (2,442,612 ) Short-term borrowings (33,831 ) — (33,831 ) — (33,831 ) Federal Home Loan Bank advances (12,677 ) — (12,971 ) — (12,971 ) Accrued interest payable (389 ) — (389 ) — (389 ) |
Short-Term Borrowings (Tables)
Short-Term Borrowings (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Short-term Debt [Abstract] | |
Schedule of short-term borrowings | Period–end short-term borrowings were comprised of the following: (000 's) June 30, 2016 December 31, 2015 Federal Funds Purchased $ 32,290 $ 850 Repurchase Agreements 29,957 32,981 $ 62,247 $ 33,831 |
Components of Net Periodic Be21
Components of Net Periodic Benefit Cost (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Compensation and Retirement Disclosure [Abstract] | |
Schedule of Net Benefit Costs | Three Months Ended June 30, Six Months Ended June 30, (000's) (000's) Pension Benefits Post-Retirement Health Benefits Pension Benefits Post-Retirement Health Benefits 2016 2015 2016 2015 2016 2015 2016 2015 Service cost $ 470 $ 538 $ 14 $ 16 $ 941 $ 1,076 $ 27 $ 32 Interest cost 932 879 46 43 1,865 1,758 93 87 Expected return on plan assets (857 ) (863 ) — — (1,715 ) (1,726 ) — — Amortization of transition obligation — — — — — — — — Net amortization of prior service cost — — — — — — — — Net amortization of net (gain) loss 484 1,185 — — 967 2,370 — — Net Periodic Benefit Cost $ 1,029 $ 1,739 $ 60 $ 59 $ 2,058 $ 3,478 $ 120 $ 119 |
Acquisitions and FDIC Indemni22
Acquisitions and FDIC Indemnification Asset (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Business Combinations [Abstract] | |
Schedule of carrying amount of covered assets | 2016 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, April 1, $ 4,036 $ 1,467 $ 5,503 Discount accretion — — — Disposals (124 ) (11 ) (135 ) ASC 310-30 Loans, June 30, $ 3,912 $ 1,456 $ 5,368 2016 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, January 1, $ 4,122 $ 1,480 $ 5,602 Discount accretion — — — Disposals (210 ) (24 ) (234 ) ASC 310-30 Loans, June 30, $ 3,912 $ 1,456 $ 5,368 2015 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, April 1, $ 4,701 $ 1,558 $ 6,259 Discount accretion — — — Disposals (372 ) (11 ) (383 ) ASC 310-30 Loans, June 30, $ 4,329 $ 1,547 $ 5,876 2015 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, January 1, $ 4,803 $ 1,571 $ 6,374 Discount accretion — — — Disposals (474 ) (24 ) (498 ) ASC 310-30 Loans, June 30, $ 4,329 $ 1,547 $ 5,876 |
Accumulated Other Comprehensi23
Accumulated Other Comprehensive Income (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Schedule of Accumulated Other Comprehensive Income | The following table summarizes the changes, net of tax within each classification of accumulated other comprehensive income for the three and six months ended June 30, 2016 and 2015 . Unrealized gains and 2016 Losses on available- for-sale Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, April 1, $ 13,091 $ (18,150 ) $ (5,059 ) Change in other comprehensive income before reclassification 1,269 — 1,269 Amounts reclassified from accumulated other comprehensive income (7 ) 304 297 Net Current period other comprehensive other income 1,262 304 1,566 Ending balance, June 30, $ 14,353 $ (17,846 ) $ (3,493 ) Unrealized gains and 2016 Losses on Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, January 1, $ 9,053 $ (18,454 ) $ (9,401 ) Change in other comprehensive income before reclassification 5,308 — 5,308 Amounts reclassified from accumulated other comprehensive income (8 ) 608 600 Net Current period other comprehensive other income 5,300 608 5,908 Ending balance, June 30, $ 14,353 $ (17,846 ) $ (3,493 ) Unrealized gains and 2015 Losses on available- for-sale Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, April 1, $ 15,040 $ (22,343 ) $ (7,303 ) Change in other comprehensive income before reclassification (7,571 ) — (7,571 ) Amounts reclassified from accumulated other comprehensive income 7 819 826 Net Current period other comprehensive other income (7,564 ) 819 (6,745 ) Ending balance, June 30, $ 7,476 $ (21,524 ) $ (14,048 ) Unrealized gains and 2015 Losses on Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, January 1, $ 10,278 $ (24,807 ) $ (14,529 ) Change in other comprehensive income before reclassification (2,810 ) — (2,810 ) Amounts reclassified from accumulated other comprehensive income 8 3,283 3,291 Net Current period other comprehensive other income (2,802 ) 3,283 481 Ending balance, June 30, $ 7,476 $ (21,524 ) $ (14,048 ) |
Schedule Of Accumulated Other Comprehensive Income Loss Other Than Temporary Impairment | Balance at Current Period Balance at (Dollar amounts in thousands) 1/1/2016 Change 6/30/2016 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ 6,083 $ 7,037 $ 13,120 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 2,970 (1,737 ) 1,233 Total unrealized loss on securities available-for-sale $ 9,053 $ 5,300 $ 14,353 Unrealized loss on retirement plans (18,454 ) 608 (17,846 ) TOTAL $ (9,401 ) $ 5,908 $ (3,493 ) Balance at Current Period Balance at (Dollar amounts in thousands) 4/1/2015 Change 6/30/2015 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ 11,448 $ (7,019 ) $ 4,429 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 3,592 (545 ) 3,047 Total unrealized loss on securities available-for-sale $ 15,040 $ (7,564 ) $ 7,476 Unrealized loss on retirement plans (22,343 ) 819 (21,524 ) TOTAL $ (7,303 ) $ (6,745 ) $ (14,048 ) Balance at Current Period Balance at (Dollar amounts in thousands) 1/1/2015 Change 6/30/2015 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ 7,164 $ (2,735 ) $ 4,429 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 3,114 (67 ) 3,047 Total unrealized loss on securities available-for-sale $ 10,278 $ (2,802 ) $ 7,476 Unrealized loss on retirement plans (24,807 ) 3,283 (21,524 ) TOTAL $ (14,529 ) $ 481 $ (14,048 ) Three Months Ended June 30, 2016 Details about accumulated Amount reclassified from Affected line item in other comprehensive accumulated other the statement where income components comprehensive income net income is presented (in thousands) Unrealized gains and losses $ 10 Net securities gains (losses) on available-for-sale (3 ) Income tax expense securities $ 7 Net of tax Amortization of $ 507 (a) Salary and benefits retirement plan items (203 ) Income tax expense $ 304 Net of tax Total reclassifications for the period $ 311 Net of tax |
Accumulated Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent | Three Months Ended June 30, 2016 Details about accumulated Amount reclassified from Affected line item in other comprehensive accumulated other the statement where income components comprehensive income net income is presented (in thousands) Unrealized gains and losses $ 10 Net securities gains (losses) on available-for-sale (3 ) Income tax expense securities $ 7 Net of tax Amortization of $ 507 (a) Salary and benefits retirement plan items (203 ) Income tax expense $ 304 Net of tax Total reclassifications for the period $ 311 Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 7 for additional details). Six Months Ended June 30, 2016 Details about accumulated Amount reclassified from Affected line item in other comprehensive accumulated other the statement where income components comprehensive income net income is presented (in thousands) Unrealized gains and losses $ 13 Net securities gains (losses) on available-for-sale (5 ) Income tax expense securities $ 8 Net of tax Amortization of $ 1,014 (a) Salary and benefits retirement plan items (406 ) Income tax expense $ 608 Net of tax Total reclassifications for the period $ 616 Net of tax Three Months Ended June 30, 2015 Details about accumulated Amount reclassified from Affected line item in other comprehensive accumulated other the statement where income components comprehensive income net income is presented (in thousands) Unrealized gains and losses $ 10 Net securities gains (losses) on available-for-sale (3 ) Income tax expense securities $ 7 Net of tax Amortization of $ 1,365 (a) Salary and benefits retirement plan items (546 ) Income tax expense $ 819 Net of tax Total reclassifications for the period $ 826 Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 7 for additional details). |
Significant Accounting Polici24
Significant Accounting Policies (Details Textual) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2016USD ($)segmentshares | Jun. 30, 2015shares | Mar. 31, 2015USD ($) | |
Accounting Policies [Abstract] | |||
Number of Reportable Segments | segment | 1 | ||
Vesting period | 3 years | ||
Incremental vesting rights for first year (as a percent) | 33.00% | ||
Incremental vesting rights for second year (as a percent) | 33.00% | ||
Incremental vesting rights for third year (as a percent) | 34.00% | ||
Number of shares awarded | shares | 20,943 | 19,683 | |
Grant date value | $ | $ 677 | $ 667 |
Allowance for Loan Losses (Deta
Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |||||
Allowance for Loan Losses: | ||||||||
Beginning balance | $ 19,926 | $ 19,351 | $ 19,946 | $ 18,839 | ||||
Provision for loan losses | 435 | [1] | 1,150 | [2] | 1,270 | [1] | 2,600 | [2] |
Loans charged off | (1,842) | (1,479) | (3,482) | (3,302) | ||||
Recoveries | 985 | 839 | 1,770 | 1,724 | ||||
Ending Balance | 19,504 | 19,861 | 19,504 | 19,861 | ||||
Commercial Portfolio Segment [Member] | ||||||||
Allowance for Loan Losses: | ||||||||
Beginning balance | 11,168 | 10,818 | 11,482 | 10,915 | ||||
Provision for loan losses | (816) | [1] | 160 | [2] | (1,091) | [1] | 167 | [2] |
Loans charged off | (555) | (272) | (822) | (608) | ||||
Recoveries | 447 | 225 | 675 | 457 | ||||
Ending Balance | 10,244 | 10,931 | 10,244 | 10,931 | ||||
Residential Portfolio Segment [Member] | ||||||||
Allowance for Loan Losses: | ||||||||
Beginning balance | 1,769 | 1,622 | 1,834 | 1,374 | ||||
Provision for loan losses | (22) | [1] | 277 | [2] | 103 | [1] | 653 | [2] |
Loans charged off | (232) | (181) | (471) | (406) | ||||
Recoveries | 80 | 42 | 129 | 139 | ||||
Ending Balance | 1,595 | 1,760 | 1,595 | 1,760 | ||||
Consumer Portfolio Segment [Member] | ||||||||
Allowance for Loan Losses: | ||||||||
Beginning balance | 5,106 | 4,494 | 4,945 | 4,370 | ||||
Provision for loan losses | 749 | [1] | 638 | [2] | 1,536 | [1] | 1,468 | [2] |
Loans charged off | (1,055) | (1,026) | (2,189) | (2,288) | ||||
Recoveries | 458 | 572 | 966 | 1,128 | ||||
Ending Balance | 5,258 | 4,678 | 5,258 | 4,678 | ||||
Unallocated | ||||||||
Allowance for Loan Losses: | ||||||||
Beginning balance | 1,883 | 2,417 | 1,685 | 2,180 | ||||
Provision for loan losses | 524 | [1] | 75 | [2] | 722 | [1] | 312 | [2] |
Loans charged off | 0 | 0 | 0 | 0 | ||||
Recoveries | 0 | 0 | 0 | 0 | ||||
Ending Balance | $ 2,407 | $ 2,492 | $ 2,407 | $ 2,492 | ||||
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[2] | {F|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOmU5YjdkNzY3MjQ2MDRhMjZhNWQwYzRmYjM3OGY3MGYwfFRleHRTZWxlY3Rpb246RTNDM0ZBQzEwMDVGQ0MwMDNCMDA5NUIwREFCRjYwQ0YM} |
Allowance for Loan Losses (De26
Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 |
Ending Balance Attributable to Loans | ||||||
Individually evaluated for impairment | $ 918 | $ 1,159 | ||||
Collectively evaluated for impairment | 18,435 | 18,600 | ||||
Ending Balance | 19,504 | $ 19,926 | 19,946 | $ 19,861 | $ 19,351 | $ 18,839 |
Loans | ||||||
Individually evaluated for impairment | 9,602 | 9,725 | ||||
Collectively evaluated for impairment | 1,792,592 | 1,754,444 | ||||
Total | 1,807,574 | 1,769,790 | ||||
Commercial Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Individually evaluated for impairment | 786 | 953 | ||||
Collectively evaluated for impairment | 9,307 | 10,342 | ||||
Ending Balance | 10,244 | 11,168 | 11,482 | 10,931 | 10,818 | 10,915 |
Loans | ||||||
Individually evaluated for impairment | 8,967 | 8,823 | ||||
Collectively evaluated for impairment | 1,074,936 | 1,037,086 | ||||
Total | 1,087,781 | 1,050,001 | ||||
Residential Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Individually evaluated for impairment | 132 | 206 | ||||
Collectively evaluated for impairment | 1,463 | 1,628 | ||||
Ending Balance | 1,595 | 1,769 | 1,834 | 1,760 | 1,622 | 1,374 |
Loans | ||||||
Individually evaluated for impairment | 635 | 902 | ||||
Collectively evaluated for impairment | 429,103 | 443,224 | ||||
Total | 431,240 | 445,655 | ||||
Consumer Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 5,258 | 4,945 | ||||
Ending Balance | 5,258 | 5,106 | 4,945 | 4,678 | 4,494 | 4,370 |
Loans | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 288,553 | 274,134 | ||||
Total | 288,553 | 274,134 | ||||
Unallocated | ||||||
Ending Balance Attributable to Loans | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 2,407 | 1,685 | ||||
Ending Balance | 2,407 | $ 1,883 | 1,685 | $ 2,492 | $ 2,417 | $ 2,180 |
Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Financing Receivable, Allowance for Credit Losses | 151 | 187 | ||||
Loans | ||||||
Financing Receivable, Net | 5,380 | 5,621 | ||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Financing Receivable, Allowance for Credit Losses | 151 | 187 | ||||
Loans | ||||||
Financing Receivable, Net | 3,878 | 4,092 | ||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Residential Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | ||||
Loans | ||||||
Financing Receivable, Net | 1,502 | 1,529 | ||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Consumer Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | ||||
Loans | ||||||
Financing Receivable, Net | 0 | 0 | ||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Unallocated | ||||||
Ending Balance Attributable to Loans | ||||||
Financing Receivable, Allowance for Credit Losses | $ 0 | $ 0 |
Allowance for Loan Losses (De27
Allowance for Loan Losses (Details 2) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Unpaid Principal Balance | |||||
TOTAL | $ 9,895 | $ 9,895 | $ 10,018 | ||
Recorded Investment | |||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 1,813 | 1,813 | 2,352 | ||
Fair value | 9,602 | 9,602 | 9,725 | ||
Allowance For Loan Losses Allocated | |||||
TOTAL | 918 | 918 | 1,159 | ||
Average Recorded Investment | |||||
Impaired Financing Receivable, Average Recorded Investment | 8,875 | $ 15,440 | 9,157 | $ 15,159 | 13,157 |
Interest Income Recognized | |||||
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
TOTAL | 0 | 0 | 0 | 0 | 0 |
Commercial & Industrial | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 529 | 529 | 1,516 | ||
With an allowance recorded: | 994 | 994 | 998 | ||
Recorded Investment | |||||
With no related allowance recorded: | 236 | 236 | 1,223 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 994 | 994 | 998 | ||
Fair value | 906 | 906 | 786 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 88 | 88 | 212 | ||
Average Recorded Investment | |||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 650 | 2,779 | 841 | 2,161 | 1,796 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 797 | 4,413 | 864 | 4,900 | 3,463 |
Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Farmland | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 1,465 | 1,465 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 1,465 | 1,465 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | ||
Fair value | 0 | 0 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 733 | 0 | 488 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Non Farm, Non Residential | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 3,084 | 3,084 | 3,202 | ||
With an allowance recorded: | 1,129 | 1,129 | 1,415 | ||
Recorded Investment | |||||
With no related allowance recorded: | 3,084 | 3,084 | 3,202 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 1,129 | 1,129 | 1,415 | ||
Fair value | 431 | 431 | 674 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 698 | 698 | 741 | ||
Average Recorded Investment | |||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 3,119 | 1,978 | 3,147 | 1,318 | 2,080 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 1,153 | 4,417 | 1,240 | 5,162 | 3,682 |
Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Agriculture | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 635 | 635 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 635 | 635 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | ||
Fair value | 0 | 0 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 318 | 0 | 212 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
All Other Commercial | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 1,424 | 1,424 | 1,760 | ||
With an allowance recorded: | 0 | 0 | 225 | ||
Recorded Investment | |||||
With no related allowance recorded: | 1,424 | 1,424 | 1,760 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 225 | ||
Fair value | 0 | 0 | 225 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,431 | 1,025 | 1,540 | 780 | 1,175 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 566 | 75 | 653 | 483 |
Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
First Liens | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 27 | 27 | 29 | ||
With an allowance recorded: | 608 | 608 | 873 | ||
Recorded Investment | |||||
With no related allowance recorded: | 27 | 27 | 29 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 608 | 608 | 873 | ||
Fair value | 476 | 476 | 667 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 132 | 132 | 206 | ||
Average Recorded Investment | |||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 28 | 16 | 28 | 10 | 18 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 646 | 246 | 722 | 175 | 460 |
Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Home Equity | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | ||
Fair value | 0 | 0 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Junior Liens | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | ||
Fair value | 0 | 0 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Multifamily | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | ||
Fair value | 0 | 0 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
All Other Residential | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | ||
Fair value | 0 | 0 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Motor Vehicle | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | ||
Fair value | 0 | 0 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
All Other Consumer | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | ||
Fair value | 0 | 0 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Allowance for Loan Losses (De28
Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2014 | |
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Fair value | $ 9,602 | $ 9,602 | $ 9,725 | |||||
Financing Receivable, Modifications, Recorded Investment | 9,155 | $ 14,951 | 9,155 | $ 14,951 | 9,860 | $ 9,509 | $ 15,067 | $ 14,758 |
Impaired Financing Receivable, Average Recorded Investment | 8,875 | 15,440 | 9,157 | 15,159 | 13,157 | |||
Impaired Financing Receivable, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Commercial & Industrial | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 650 | 2,779 | 841 | 2,161 | 1,796 | |||
Fair value | 906 | 906 | 786 | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 797 | 4,413 | 864 | 4,900 | 3,463 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Farmland | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 733 | 0 | 488 | 0 | 0 | |||
Fair value | 0 | 0 | 0 | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Non Farm, Non Residential | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 3,119 | 1,978 | 3,147 | 1,318 | 2,080 | |||
Fair value | 431 | 431 | 674 | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 1,153 | 4,417 | 1,240 | 5,162 | 3,682 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Agriculture | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 318 | 0 | 212 | 0 | 0 | |||
Fair value | 0 | 0 | 0 | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
All Other Commercial | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,431 | 1,025 | 1,540 | 780 | 1,175 | |||
Fair value | 0 | 0 | 225 | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 566 | 75 | 653 | 483 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
First Liens | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 28 | 16 | 28 | 10 | 18 | |||
Fair value | 476 | 476 | 667 | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 646 | 246 | 722 | 175 | 460 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Home Equity | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 | |||
Fair value | 0 | 0 | 0 | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Junior Liens | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 | |||
Fair value | 0 | 0 | 0 | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Multifamily | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 | |||
Fair value | 0 | 0 | 0 | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
All Other Residential | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 | |||
Fair value | 0 | 0 | 0 | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Motor Vehicle | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 | |||
Fair value | 0 | 0 | 0 | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
All Other Consumer | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 | |||
Fair value | 0 | 0 | 0 | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | 0 | 0 | 0 | 0 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | $ 0 | 0 | $ 0 | 0 | |||
Nonperforming Financing Receivable [Member] | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Loans Past Due Over 90 Day Still Accruing | 1,110 | 1,110 | 1,016 | |||||
Nonaccrual | 14,526 | 14,526 | 14,634 | |||||
Financing Receivable, Modifications, Recorded Investment | 4,096 | 4,096 | 4,588 | |||||
Financing Receivable, Modifications, Nonaccrual | 5,072 | 5,072 | 5,010 | |||||
Nonperforming Financing Receivable [Member] | Commercial & Industrial | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | 0 | |||||
Nonaccrual | 1,961 | 1,961 | 3,187 | |||||
Financing Receivable, Modifications, Recorded Investment | 4 | 4 | 5 | |||||
Financing Receivable, Modifications, Nonaccrual | 403 | 403 | 422 | |||||
Nonperforming Financing Receivable [Member] | Farmland | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Loans Past Due Over 90 Day Still Accruing | 48 | 48 | 0 | |||||
Nonaccrual | 1,520 | 1,520 | 219 | |||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | 0 | |||||
Financing Receivable, Modifications, Nonaccrual | 0 | 0 | 0 | |||||
Nonperforming Financing Receivable [Member] | Non Farm, Non Residential | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | 0 | |||||
Nonaccrual | 1,828 | 1,828 | 2,545 | |||||
Financing Receivable, Modifications, Recorded Investment | 5 | 5 | 6 | |||||
Financing Receivable, Modifications, Nonaccrual | 3,041 | 3,041 | 3,152 | |||||
Nonperforming Financing Receivable [Member] | Agriculture | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | 0 | |||||
Nonaccrual | 1,107 | 1,107 | 378 | |||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | 0 | |||||
Financing Receivable, Modifications, Nonaccrual | 0 | 0 | 0 | |||||
Nonperforming Financing Receivable [Member] | All Other Commercial | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | 0 | |||||
Nonaccrual | 1,329 | 1,329 | 1,817 | |||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | 0 | |||||
Financing Receivable, Modifications, Nonaccrual | 0 | 0 | 0 | |||||
Nonperforming Financing Receivable [Member] | First Liens | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Loans Past Due Over 90 Day Still Accruing | 744 | 744 | 809 | |||||
Nonaccrual | 5,339 | 5,339 | 4,839 | |||||
Financing Receivable, Modifications, Recorded Investment | 3,894 | 3,894 | 4,577 | |||||
Financing Receivable, Modifications, Nonaccrual | 1,157 | 1,157 | 1,034 | |||||
Nonperforming Financing Receivable [Member] | Home Equity | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Loans Past Due Over 90 Day Still Accruing | 99 | 99 | 10 | |||||
Nonaccrual | 207 | 207 | 320 | |||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | 0 | |||||
Financing Receivable, Modifications, Nonaccrual | 0 | 0 | 0 | |||||
Nonperforming Financing Receivable [Member] | Junior Liens | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Loans Past Due Over 90 Day Still Accruing | 86 | 86 | 45 | |||||
Nonaccrual | 206 | 206 | 211 | |||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | 0 | |||||
Financing Receivable, Modifications, Nonaccrual | 0 | 0 | 0 | |||||
Nonperforming Financing Receivable [Member] | Multifamily | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | 0 | |||||
Nonaccrual | 0 | 0 | 0 | |||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | 0 | |||||
Financing Receivable, Modifications, Nonaccrual | 0 | 0 | 0 | |||||
Nonperforming Financing Receivable [Member] | All Other Residential | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | 0 | |||||
Nonaccrual | 102 | 102 | 111 | |||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | 0 | |||||
Financing Receivable, Modifications, Nonaccrual | 0 | 0 | 0 | |||||
Nonperforming Financing Receivable [Member] | Motor Vehicle | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Loans Past Due Over 90 Day Still Accruing | 133 | 133 | 148 | |||||
Nonaccrual | 171 | 171 | 213 | |||||
Financing Receivable, Modifications, Recorded Investment | 84 | 84 | 0 | |||||
Financing Receivable, Modifications, Nonaccrual | 1 | 1 | 2 | |||||
Nonperforming Financing Receivable [Member] | All Other Consumer | ||||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | 4 | |||||
Nonaccrual | 756 | 756 | 794 | |||||
Financing Receivable, Modifications, Recorded Investment | 109 | 109 | 0 | |||||
Financing Receivable, Modifications, Nonaccrual | $ 470 | $ 470 | $ 400 |
Allowance for Loan Losses Allow
Allowance for Loan Losses Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Financing Receivable Portfolio Segment [Domain] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Added | $ 105 | $ 262 | $ 273 | $ 841 |
Charged Off | (131) | (40) | (207) | (102) |
Payments | (328) | (338) | (771) | (546) |
Commercial Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Beginning Balance | 3,529 | 8,835 | 3,584 | 8,955 |
Added | 0 | 0 | 0 | 0 |
Charged Off | 0 | 0 | 0 | 0 |
Payments | (76) | (130) | (131) | (250) |
Ending Balance | 3,453 | 8,705 | 3,453 | 8,705 |
Residential Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Beginning Balance | 5,285 | 5,618 | 5,593 | 5,189 |
Added | 43 | 73 | 123 | 652 |
Charged Off | (125) | 0 | (181) | (62) |
Payments | (170) | (102) | (502) | (190) |
Ending Balance | 5,033 | 5,589 | 5,033 | 5,589 |
Consumer Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Beginning Balance | 695 | 614 | 683 | 614 |
Added | 62 | 189 | 150 | 189 |
Charged Off | (6) | (40) | (26) | (40) |
Payments | (82) | (106) | (138) | (106) |
Ending Balance | $ 669 | $ 657 | $ 669 | $ 657 |
Allowance for Loan Losses (De30
Allowance for Loan Losses (Details 5) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | $ 12,432 | $ 17,296 |
Financing Receivable, Recorded Investment, Current | 1,795,142 | 1,752,494 |
Total | 1,807,574 | 1,769,790 |
Commercial & Industrial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 1,754 | 2,005 |
Financing Receivable, Recorded Investment, Current | 484,840 | 476,984 |
Total | 486,594 | 478,989 |
Farmland | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 1,194 | 135 |
Financing Receivable, Recorded Investment, Current | 114,079 | 106,725 |
Total | 115,273 | 106,860 |
Non Farm, Non Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 592 | 2,224 |
Financing Receivable, Recorded Investment, Current | 203,394 | 206,844 |
Total | 203,986 | 209,068 |
Agriculture | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 963 | 427 |
Financing Receivable, Recorded Investment, Current | 139,490 | 143,116 |
Total | 140,453 | 143,543 |
All Other Commercial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 9 | 57 |
Financing Receivable, Recorded Investment, Current | 141,466 | 111,484 |
Total | 141,475 | 111,541 |
First Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 3,491 | 7,812 |
Financing Receivable, Recorded Investment, Current | 277,145 | 285,913 |
Total | 280,636 | 293,725 |
Home Equity | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 211 | 222 |
Financing Receivable, Recorded Investment, Current | 35,745 | 37,502 |
Total | 35,956 | 37,724 |
Junior Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 514 | 385 |
Financing Receivable, Recorded Investment, Current | 34,479 | 32,876 |
Total | 34,993 | 33,261 |
Multifamily | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 0 |
Financing Receivable, Recorded Investment, Current | 71,883 | 70,735 |
Total | 71,883 | 70,735 |
All Other Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 15 |
Financing Receivable, Recorded Investment, Current | 7,772 | 10,195 |
Total | 7,772 | 10,210 |
Motor Vehicle | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 3,503 | 3,961 |
Financing Receivable, Recorded Investment, Current | 261,607 | 247,882 |
Total | 265,110 | 251,843 |
All Other Consumer | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 201 | 53 |
Financing Receivable, Recorded Investment, Current | 23,242 | 22,238 |
Total | 23,443 | 22,291 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 5,589 | 10,864 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial & Industrial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 615 | 326 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Farmland | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 141 | 135 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Non Farm, Non Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 12 | 1,824 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Agriculture | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 582 | 65 |
Financing Receivables, 30 to 59 Days Past Due [Member] | All Other Commercial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 9 | 25 |
Financing Receivables, 30 to 59 Days Past Due [Member] | First Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 981 | 4,960 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Home Equity | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 64 | 85 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Junior Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 261 | 179 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Multifamily | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | All Other Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 15 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Motor Vehicle | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 2,822 | 3,212 |
Financing Receivables, 30 to 59 Days Past Due [Member] | All Other Consumer | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 102 | 38 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 2,692 | 2,245 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial & Industrial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 112 | 274 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Farmland | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 1,005 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Non Farm, Non Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 450 | 90 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Agriculture | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 38 |
Financing Receivables, 60 to 89 Days Past Due [Member] | All Other Commercial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 32 |
Financing Receivables, 60 to 89 Days Past Due [Member] | First Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 520 | 1,181 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Home Equity | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 32 | 23 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Junior Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 23 | 29 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Multifamily | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | All Other Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Motor Vehicle | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 452 | 568 |
Financing Receivables, 60 to 89 Days Past Due [Member] | All Other Consumer | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 98 | 10 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 4,151 | 4,187 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial & Industrial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 1,027 | 1,405 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Farmland | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 48 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Non Farm, Non Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 130 | 310 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Agriculture | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 381 | 324 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | All Other Commercial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | First Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 1,990 | 1,671 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Home Equity | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 115 | 114 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Junior Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 230 | 177 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Multifamily | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | All Other Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Motor Vehicle | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 229 | 181 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | All Other Consumer | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | $ 1 | $ 5 |
Allowance for Loan Losses (De31
Allowance for Loan Losses (Details 6) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | $ 1,807,574 | $ 1,769,790 |
Financing Receivable, Recorded Investment, Past Due | 12,432 | 17,296 |
Financing Receivable, Recorded Investment, Current | 1,795,142 | 1,752,494 |
Total loans | 1,799,851 | 1,761,323 |
Loans not rated | 1,799,851 | |
Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 486,594 | 478,989 |
Financing Receivable, Recorded Investment, Past Due | 1,754 | 2,005 |
Financing Receivable, Recorded Investment, Current | 484,840 | 476,984 |
Total loans | 485,350 | 477,475 |
Farmland | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 115,273 | 106,860 |
Financing Receivable, Recorded Investment, Past Due | 1,194 | 135 |
Financing Receivable, Recorded Investment, Current | 114,079 | 106,725 |
Total loans | 113,691 | 105,029 |
Non Farm, Non Residential | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 203,986 | 209,068 |
Financing Receivable, Recorded Investment, Past Due | 592 | 2,224 |
Financing Receivable, Recorded Investment, Current | 203,394 | 206,844 |
Total loans | 203,512 | 208,630 |
Agriculture | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 140,453 | 143,543 |
Financing Receivable, Recorded Investment, Past Due | 963 | 427 |
Financing Receivable, Recorded Investment, Current | 139,490 | 143,116 |
Total loans | 139,109 | 141,824 |
All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 141,475 | 111,541 |
Financing Receivable, Recorded Investment, Past Due | 9 | 57 |
Financing Receivable, Recorded Investment, Current | 141,466 | 111,484 |
Total loans | 140,799 | 111,022 |
First Liens | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 280,636 | 293,725 |
Financing Receivable, Recorded Investment, Past Due | 3,491 | 7,812 |
Financing Receivable, Recorded Investment, Current | 277,145 | 285,913 |
Total loans | 279,775 | 292,828 |
Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 35,956 | 37,724 |
Financing Receivable, Recorded Investment, Past Due | 211 | 222 |
Financing Receivable, Recorded Investment, Current | 35,745 | 37,502 |
Total loans | 35,905 | 37,662 |
Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 34,993 | 33,261 |
Financing Receivable, Recorded Investment, Past Due | 514 | 385 |
Financing Receivable, Recorded Investment, Current | 34,479 | 32,876 |
Total loans | 34,907 | 33,175 |
Multifamily | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 71,883 | 70,735 |
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivable, Recorded Investment, Current | 71,883 | 70,735 |
Total loans | 71,743 | 70,597 |
All Other Residential | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 7,772 | 10,210 |
Financing Receivable, Recorded Investment, Past Due | 0 | 15 |
Financing Receivable, Recorded Investment, Current | 7,772 | 10,195 |
Total loans | 7,752 | 10,185 |
Motor Vehicle | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 265,110 | 251,843 |
Financing Receivable, Recorded Investment, Past Due | 3,503 | 3,961 |
Financing Receivable, Recorded Investment, Current | 261,607 | 247,882 |
Total loans | 263,976 | 250,720 |
All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 23,443 | 22,291 |
Financing Receivable, Recorded Investment, Past Due | 201 | 53 |
Financing Receivable, Recorded Investment, Current | 23,242 | 22,238 |
Total loans | 23,332 | 22,176 |
Pass | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 1,140,243 | 1,107,466 |
Pass | Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 433,878 | 417,880 |
Pass | Farmland | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 93,903 | 93,418 |
Pass | Non Farm, Non Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 176,105 | 180,659 |
Pass | Agriculture | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 111,776 | 121,244 |
Pass | All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 128,842 | 95,850 |
Pass | First Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 93,910 | 96,146 |
Pass | Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 10,125 | 11,701 |
Pass | Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 7,690 | 7,493 |
Pass | Multifamily | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 70,130 | 68,972 |
Pass | All Other Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 522 | 886 |
Pass | Motor Vehicle | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 10,563 | 10,287 |
Pass | All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 2,799 | 2,930 |
Special Mention | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 64,975 | 56,638 |
Special Mention | Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 19,378 | 20,422 |
Special Mention | Farmland | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 13,172 | 6,387 |
Special Mention | Non Farm, Non Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 9,401 | 8,114 |
Special Mention | Agriculture | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 16,887 | 11,964 |
Special Mention | All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 121 | 2,649 |
Special Mention | First Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 3,669 | 4,594 |
Special Mention | Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 213 | 387 |
Special Mention | Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 241 | 86 |
Special Mention | Multifamily | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 1,574 | 1,602 |
Special Mention | All Other Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Special Mention | Motor Vehicle | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 274 | 356 |
Special Mention | All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 45 | 77 |
Substandard | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 82,717 | 87,604 |
Substandard | Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 27,153 | 32,778 |
Substandard | Farmland | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 6,602 | 5,208 |
Substandard | Non Farm, Non Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 18,006 | 19,857 |
Substandard | Agriculture | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 10,242 | 8,419 |
Substandard | All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 10,995 | 10,887 |
Substandard | First Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 7,607 | 8,598 |
Substandard | Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 912 | 669 |
Substandard | Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 542 | 505 |
Substandard | Multifamily | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 15 | 0 |
Substandard | All Other Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 23 | 24 |
Substandard | Motor Vehicle | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 517 | 534 |
Substandard | All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 103 | 125 |
Doubtful | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 1,233 | 1,666 |
Doubtful | Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 470 | 757 |
Doubtful | Farmland | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Doubtful | Non Farm, Non Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Doubtful | Agriculture | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 24 | 27 |
Doubtful | All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 76 | 101 |
Doubtful | First Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 603 | 699 |
Doubtful | Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 9 | 10 |
Doubtful | Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 27 | 58 |
Doubtful | Multifamily | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Doubtful | All Other Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Doubtful | Motor Vehicle | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 10 | 0 |
Doubtful | All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 14 | 14 |
Not Rated | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 510,683 | 507,949 |
Not Rated | Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 4,471 | 5,638 |
Not Rated | Farmland | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 14 | 16 |
Not Rated | Non Farm, Non Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Not Rated | Agriculture | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 180 | 170 |
Not Rated | All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 765 | 1,535 |
Not Rated | First Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 173,986 | 182,791 |
Not Rated | Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 24,646 | 24,895 |
Not Rated | Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 26,407 | 25,033 |
Not Rated | Multifamily | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 24 | 23 |
Not Rated | All Other Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 7,207 | 9,275 |
Not Rated | Motor Vehicle | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 252,612 | 239,543 |
Not Rated | All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Total loans | $ 20,371 | $ 19,030 |
Allowance for Loan Losses (De32
Allowance for Loan Losses (Details Textual) - USD ($) | Jun. 30, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Allowance for loan losses | |||
Financing Receivable, Modifications, Specific Reserves Allocated to Troubled Debt Restructuring | $ 7,000 | $ 47,000 | |
Fair value | 9,602,000 | $ 9,725,000 | |
Minimum outstanding balance of non-homogeneous loans to be individually evaluated as to credit risk | 100,000 | ||
Commercial & Industrial | |||
Allowance for loan losses | |||
Fair value | 906,000 | 786,000 | |
Farmland | |||
Allowance for loan losses | |||
Fair value | 0 | 0 | |
Covered Loans | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 178,000 | 37,000 | |
Nonaccrual | 237,000 | 242,000 | |
Non Farm, Non Residential | |||
Allowance for loan losses | |||
Fair value | 431,000 | 674,000 | |
Agriculture | |||
Allowance for loan losses | |||
Fair value | 0 | 0 | |
All Other Commercial | |||
Allowance for loan losses | |||
Fair value | 0 | 225,000 | |
First Liens | |||
Allowance for loan losses | |||
Fair value | 476,000 | 667,000 | |
Home Equity | |||
Allowance for loan losses | |||
Fair value | 0 | 0 | |
Junior Liens | |||
Allowance for loan losses | |||
Fair value | 0 | 0 | |
Multifamily | |||
Allowance for loan losses | |||
Fair value | 0 | 0 | |
All Other Residential | |||
Allowance for loan losses | |||
Fair value | 0 | 0 | |
Motor Vehicle | |||
Allowance for loan losses | |||
Fair value | 0 | 0 | |
All Other Consumer | |||
Allowance for loan losses | |||
Fair value | 0 | 0 | |
Nonperforming Financing Receivable [Member] | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 1,110,000 | 1,016,000 | |
Nonaccrual | 14,526,000 | 14,634,000 | |
Nonperforming Financing Receivable [Member] | Commercial & Industrial | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | |
Nonaccrual | 1,961,000 | 3,187,000 | |
Nonperforming Financing Receivable [Member] | Farmland | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 48,000 | 0 | |
Nonaccrual | 1,520,000 | 219,000 | |
Nonperforming Financing Receivable [Member] | Non Farm, Non Residential | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | |
Nonaccrual | 1,828,000 | 2,545,000 | |
Nonperforming Financing Receivable [Member] | Agriculture | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | |
Nonaccrual | 1,107,000 | 378,000 | |
Nonperforming Financing Receivable [Member] | All Other Commercial | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | |
Nonaccrual | 1,329,000 | 1,817,000 | |
Nonperforming Financing Receivable [Member] | First Liens | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 744,000 | 809,000 | |
Nonaccrual | 5,339,000 | 4,839,000 | |
Nonperforming Financing Receivable [Member] | Home Equity | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 99,000 | 10,000 | |
Nonaccrual | 207,000 | 320,000 | |
Nonperforming Financing Receivable [Member] | Junior Liens | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 86,000 | 45,000 | |
Nonaccrual | 206,000 | 211,000 | |
Nonperforming Financing Receivable [Member] | Multifamily | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | |
Nonaccrual | 0 | 0 | |
Nonperforming Financing Receivable [Member] | All Other Residential | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | |
Nonaccrual | 102,000 | 111,000 | |
Nonperforming Financing Receivable [Member] | Motor Vehicle | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 133,000 | 148,000 | |
Nonaccrual | 171,000 | 213,000 | |
Nonperforming Financing Receivable [Member] | All Other Consumer | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 0 | 4,000 | |
Nonaccrual | $ 756,000 | $ 794,000 |
Securities (Details)
Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | $ 853,807 | $ 876,796 |
Unrealized Gains | (26,473) | (21,005) |
Unrealized Losses | (3,742) | (6,719) |
Securities available-for-sale | 876,538 | 891,082 |
US Government Agencies Debt Securities [Member] | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 10,175 | 10,670 |
Unrealized Gains | (232) | (46) |
Unrealized Losses | 0 | (23) |
Securities available-for-sale | 10,407 | 10,693 |
Mortgage Backed Securities - Residential | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 218,840 | 208,705 |
Unrealized Gains | (6,583) | (5,089) |
Unrealized Losses | (42) | (630) |
Securities available-for-sale | 225,381 | 213,164 |
Mortgage Backed Securities - Commercial | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 6 | 9 |
Unrealized Gains | 0 | 0 |
Unrealized Losses | 0 | 0 |
Securities available-for-sale | 6 | 9 |
Collateralized Mortgage Obligations | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 404,630 | 441,500 |
Unrealized Gains | (5,030) | (2,141) |
Unrealized Losses | (1,445) | (6,007) |
Securities available-for-sale | 408,215 | 437,634 |
State and Municipal Obligations | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 210,745 | 206,291 |
Unrealized Gains | (10,352) | (8,475) |
Unrealized Losses | (4) | (59) |
Securities available-for-sale | 221,093 | 214,707 |
Collateralized Debt Obligations | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 9,411 | 9,621 |
Unrealized Gains | (4,276) | (5,254) |
Unrealized Losses | (2,251) | 0 |
Securities available-for-sale | $ 11,436 | $ 14,875 |
Securities (Details 1)
Securities (Details 1) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Amortized Cost | ||
Due in one year or less | $ 6,948 | |
Due after one but within five years | 54,311 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis | 89,092 | |
Due after ten years | 79,980 | |
Total of securities having specified maturity period | 230,331 | |
TOTAL | 853,807 | $ 876,796 |
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis | 623,476 | |
Fair Value | ||
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value | 7,026 | |
Due after one but within five years | 55,913 | |
Due after five but within ten years | 94,509 | |
Due after ten years | 85,488 | |
Total of securities having specified maturities period | 242,936 | |
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value | 633,602 | |
Securities available-for-sale | $ 876,538 | $ 891,082 |
Securities (Details 2)
Securities (Details 2) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis | $ 6,948 | |
Less Than 12 Months | ||
Fair Value | 38,998 | $ 234,426 |
Unrealized Losses | (2,370) | (2,002) |
More Than 12 Months | ||
Fair Value | 121,560 | 154,246 |
Unrealized Losses | (1,372) | (4,717) |
Total | ||
Fair Value | 160,558 | 388,672 |
Unrealized Losses | (3,742) | (6,719) |
US Government Agencies Debt Securities [Member] | ||
Less Than 12 Months | ||
Fair Value | 9,455 | |
Unrealized Losses | (23) | |
More Than 12 Months | ||
Fair Value | 0 | |
Unrealized Losses | 0 | |
Total | ||
Fair Value | 9,455 | |
Unrealized Losses | (23) | |
Mortgage Backed Securities - Residential | ||
Less Than 12 Months | ||
Fair Value | 19,049 | 69,940 |
Unrealized Losses | (41) | (428) |
More Than 12 Months | ||
Fair Value | 155 | 11,766 |
Unrealized Losses | (1) | (202) |
Total | ||
Fair Value | 19,204 | 81,706 |
Unrealized Losses | (42) | (630) |
Collateralized Mortgage Obligations | ||
Less Than 12 Months | ||
Fair Value | 12,132 | 151,484 |
Unrealized Losses | (76) | (1,535) |
More Than 12 Months | ||
Fair Value | 120,995 | 139,435 |
Unrealized Losses | (1,369) | (4,472) |
Total | ||
Fair Value | 133,127 | 290,919 |
Unrealized Losses | (1,445) | (6,007) |
State and Municipal Obligations | ||
Less Than 12 Months | ||
Fair Value | 1,100 | 3,547 |
Unrealized Losses | (2) | (16) |
More Than 12 Months | ||
Fair Value | 410 | 3,045 |
Unrealized Losses | (2) | (43) |
Total | ||
Fair Value | 1,510 | 6,592 |
Unrealized Losses | (4) | $ (59) |
Collateralized Debt Obligations | ||
Less Than 12 Months | ||
Fair Value | 6,717 | |
Unrealized Losses | (2,251) | |
More Than 12 Months | ||
Fair Value | 0 | |
Unrealized Losses | 0 | |
Total | ||
Fair Value | 6,717 | |
Unrealized Losses | $ (2,251) |
Securities (Details 3)
Securities (Details 3) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Rollforward of the credit losses recognized in earnings | ||||
Beginning balance | $ 13,995 | $ 13,995 | $ 13,995 | $ 14,050 |
Increases to the amount related to the credit loss for which other-than-temporary was previously recognized | 0 | 0 | 0 | 0 |
Reductions for increases in cash flows collected | (21) | 0 | (21) | (55) |
Amounts realized for securities sold during the period | 0 | 0 | 0 | 0 |
Ending balance | $ 13,974 | $ 13,995 | $ 13,974 | $ 13,995 |
Securities (Details Textual)
Securities (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | |
Schedule of Available-for-sale Securities [Line Items] | ||||||||
Gain on sale of investments | $ (10) | $ (10) | $ (13) | $ (14) | ||||
Gross unrealized losses | 3,742 | 3,742 | $ 6,719 | |||||
Cumulative OTTI charges | 13,974 | $ 13,995 | 13,974 | $ 13,995 | $ 13,995 | 13,995 | $ 13,995 | $ 14,050 |
Amortized Cost | 853,807 | 853,807 | 876,796 | |||||
Securities available-for-sale | $ 876,538 | $ 876,538 | $ 891,082 | |||||
Minimum [Member] | ||||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||||
Basis point spread on variable rate | 1.60% | 1.60% | ||||||
Minimum [Member] | Standard Poors [Member] | ||||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||||
Credit Quality Indicator Pricing | 40.92 | 40.92 | ||||||
Minimum [Member] | Moody Investor Service [Member] | ||||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||||
Credit Quality Indicator Pricing | 13.05 | 13.05 | ||||||
Maximum [Member] | ||||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||||
Basis point spread on variable rate | 1.80% | 1.80% | ||||||
Maximum [Member] | Standard Poors [Member] | ||||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||||
Credit Quality Indicator Pricing | 45.47 | 45.47 | ||||||
Maximum [Member] | Moody Investor Service [Member] | ||||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||||
Credit Quality Indicator Pricing | 40.27 | 40.27 |
Fair Value (Details)
Fair Value (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Fair value measurement | ||
Securities available-for-sale | $ 876,538 | $ 891,082 |
US Government Agencies Debt Securities [Member] | ||
Fair value measurement | ||
Securities available-for-sale | 10,407 | 10,693 |
Mortgage Backed Securities - Residential | ||
Fair value measurement | ||
Securities available-for-sale | 225,381 | 213,164 |
Mortgage Backed Securities - Commercial | ||
Fair value measurement | ||
Securities available-for-sale | 6 | 9 |
Collateralized Mortgage Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 408,215 | 437,634 |
State and Municipal Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 221,093 | 214,707 |
Collateralized Debt Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 11,436 | 14,875 |
Fair Value, Inputs, Level 1 [Member] | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | US Government Agencies Debt Securities [Member] | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Mortgage Backed Securities - Residential | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Mortgage Backed Securities - Commercial | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | State and Municipal Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Collateralized Debt Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Fair value measurement | ||
Securities available-for-sale | 860,892 | 871,482 |
Derivative Assets | 1,979 | 1,176 |
Derivative Liability | (1,979) | (1,176) |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | ||
Fair value measurement | ||
Securities available-for-sale | 10,407 | 10,693 |
Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities - Residential | ||
Fair value measurement | ||
Securities available-for-sale | 225,381 | 213,164 |
Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities - Commercial | ||
Fair value measurement | ||
Securities available-for-sale | 6 | 9 |
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 408,215 | 437,634 |
Fair Value, Inputs, Level 2 [Member] | State and Municipal Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 216,883 | 209,982 |
Fair Value, Inputs, Level 2 [Member] | Collateralized Debt Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair value measurement | ||
Securities available-for-sale | 15,646 | 19,600 |
Fair Value, Inputs, Level 3 [Member] | US Government Agencies Debt Securities [Member] | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Mortgage Backed Securities - Residential | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Mortgage Backed Securities - Commercial | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | State and Municipal Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 4,210 | 4,725 |
Fair Value, Inputs, Level 3 [Member] | Collateralized Debt Obligations | ||
Fair value measurement | ||
Securities available-for-sale | $ 11,436 | $ 14,875 |
Fair Value (Details 1)
Fair Value (Details 1) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | |
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | $ 876,538 | $ 876,538 | $ 891,082 |
Reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs | |||
Beginning balance | 17,362 | 19,600 | 21,203 |
Total realized/unrealized gains or losses - Included in earnings | 0 | 0 | 0 |
Total realized/unrealized gains or losses - Included in other comprehensive income | (1,586) | (3,208) | (268) |
Transfers | 0 | 0 | |
Purchases | 0 | ||
Settlements | (130) | (746) | (1,335) |
Ending balance | 15,646 | 15,646 | 19,600 |
US Government Agencies Debt Securities [Member] | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 10,407 | 10,407 | 10,693 |
State and Municipal Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 221,093 | 221,093 | 214,707 |
Reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs | |||
Beginning balance | 4,210 | 4,725 | 5,900 |
Total realized/unrealized gains or losses - Included in earnings | 0 | 0 | 0 |
Total realized/unrealized gains or losses - Included in other comprehensive income | 0 | 0 | 0 |
Transfers | 0 | 0 | |
Purchases | 0 | ||
Settlements | 0 | (515) | (1,175) |
Ending balance | 4,210 | 4,210 | 4,725 |
Collateralized Debt Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 11,436 | 11,436 | 14,875 |
Reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs | |||
Beginning balance | 13,152 | 14,875 | 15,303 |
Total realized/unrealized gains or losses - Included in earnings | 0 | 0 | 0 |
Total realized/unrealized gains or losses - Included in other comprehensive income | (1,586) | (3,208) | (268) |
Transfers | 0 | 0 | |
Purchases | 0 | ||
Settlements | (130) | (231) | (160) |
Ending balance | 11,436 | 11,436 | 14,875 |
Mortgage Backed Securities - Residential | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 225,381 | 225,381 | 213,164 |
Mortgage Backed Securities - Commercial | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 6 | 6 | 9 |
Collateralized Mortgage Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 408,215 | 408,215 | 437,634 |
Fair Value, Inputs, Level 3 [Member] | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 15,646 | 15,646 | 19,600 |
Fair Value, Inputs, Level 3 [Member] | US Government Agencies Debt Securities [Member] | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | State and Municipal Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 4,210 | 4,210 | 4,725 |
Fair Value, Inputs, Level 3 [Member] | Collateralized Debt Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 11,436 | 11,436 | 14,875 |
Fair Value, Inputs, Level 3 [Member] | Mortgage Backed Securities - Residential | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Mortgage Backed Securities - Commercial | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | US Government Agencies Debt Securities [Member] | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | State and Municipal Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Collateralized Debt Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Mortgage Backed Securities - Residential | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Mortgage Backed Securities - Commercial | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 860,892 | 860,892 | 871,482 |
Reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs | |||
Derivative Assets | 1,979 | 1,979 | 1,176 |
Derivative Liability | 1,979 | 1,979 | 1,176 |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 10,407 | 10,407 | 10,693 |
Fair Value, Inputs, Level 2 [Member] | State and Municipal Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 216,883 | 216,883 | 209,982 |
Fair Value, Inputs, Level 2 [Member] | Collateralized Debt Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities - Residential | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 225,381 | 225,381 | 213,164 |
Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities - Commercial | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 6 | 6 | 9 |
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | $ 408,215 | $ 408,215 | $ 437,634 |
Fair Value (Details 2)
Fair Value (Details 2) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016 | Dec. 31, 2015 | |
Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs | 0.00% | |
Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs | 50.00% | |
State and Municipal Obligations | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value | $ 4,210 | $ 4,725 |
Valuation Technique(s) | Discounted cash flow | Discounted cash flow |
Unobservable Inputs | Discount rate Probability of default | Discount rate Probability of default |
State and Municipal Obligations | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs | 3.05% | 3.05% |
State and Municipal Obligations | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs | 5.50% | 5.50% |
Other Real Estate | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value | $ 2,837 | $ 3,466 |
Valuation Technique(s) | Sales comparison/income approach | Sales comparison/income approach |
Unobservable Inputs | Discount rate for age of appraisal and market conditions | Discount rate for age of appraisal and market conditions |
Other Real Estate | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs | 5.00% | 5.00% |
Other Real Estate | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs | 20.00% | 20.00% |
Impaired Loans | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value | $ 1,813 | $ 2,352 |
Valuation Technique(s) | Sales comparison/income approach | Sales comparison/income approach |
Unobservable Inputs | Discount rate for age of appraisal and market conditions | Discount rate for age of appraisal and market conditions |
Impaired Loans | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs | 0.00% | 0.00% |
Impaired Loans | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs | 50.00% | 50.00% |
Fair Value (Details 3)
Fair Value (Details 3) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Loans identified as impaired by class of loans | ||
Carrying Value | $ 2,731 | $ 3,511 |
Allowance for Loan Losses Allocated | 918 | 1,159 |
Fair value | 9,602 | 9,725 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 1,813 | 2,352 |
Commercial & Industrial | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 994 | 998 |
Allowance for Loan Losses Allocated | 88 | 212 |
Fair value | 906 | 786 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 994 | 998 |
Farmland | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 |
Non Farm, Non Residential | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 1,129 | 1,415 |
Allowance for Loan Losses Allocated | 698 | 741 |
Fair value | 431 | 674 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 1,129 | 1,415 |
Agriculture | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 |
All Other Commercial | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 225 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 225 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 225 |
First Liens | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 608 | 873 |
Allowance for Loan Losses Allocated | 132 | 206 |
Fair value | 476 | 667 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 608 | 873 |
Home Equity | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 |
Junior Liens | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 |
Multifamily | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 |
All Other Residential | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 |
Motor Vehicle | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 |
All Other Consumer | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | $ 0 | $ 0 |
Fair Value (Details 4)
Fair Value (Details 4) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Carrying amount and estimated fair value of financial instruments | ||
Fair value | $ 9,602 | $ 9,725 |
Securities available-for-sale | 876,538 | 891,082 |
Restricted Investments | 10,848 | 10,838 |
Accrued interest receivable | 10,869 | 11,733 |
Deposits | (2,394,334) | (2,442,369) |
Fair Value, Inputs, Level 1 [Member] | ||
Carrying amount and estimated fair value of financial instruments | ||
Cash and Cash Equivalents, Fair Value Disclosure | 22,102 | 19,715 |
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure | 0 | 0 |
Securities available-for-sale | 0 | 0 |
Loans Receivable, Fair Value Disclosure | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Deposits | 0 | 0 |
Short-term borrowings | 0 | 0 |
Federal Home Loan Bank advances | 0 | 0 |
Accrued interest payable | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Carrying amount and estimated fair value of financial instruments | ||
Cash and Cash Equivalents, Fair Value Disclosure | 33,336 | 68,980 |
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure | 5,500 | 9,815 |
Securities available-for-sale | 860,892 | 871,482 |
Loans Receivable, Fair Value Disclosure | 0 | 0 |
Accrued interest receivable | 2,763 | 3,366 |
Deposits | (2,395,924) | (2,442,612) |
Short-term borrowings | (62,247) | (33,831) |
Federal Home Loan Bank advances | (10,935) | (12,971) |
Accrued interest payable | (358) | (389) |
Fair Value, Inputs, Level 3 [Member] | ||
Carrying amount and estimated fair value of financial instruments | ||
Cash and Cash Equivalents, Fair Value Disclosure | 0 | 0 |
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure | 0 | 0 |
Securities available-for-sale | 15,646 | 19,600 |
Loans Receivable, Fair Value Disclosure | 1,851,990 | 1,789,938 |
Accrued interest receivable | 8,106 | 8,367 |
Deposits | 0 | 0 |
Short-term borrowings | 0 | 0 |
Federal Home Loan Bank advances | 0 | 0 |
Accrued interest payable | 0 | 0 |
Reported Value Measurement [Member] | ||
Carrying amount and estimated fair value of financial instruments | ||
Cash and Cash Equivalents, Fair Value Disclosure | 55,438 | 88,695 |
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure | 5,500 | 9,815 |
Securities available-for-sale | 876,538 | 891,082 |
Restricted Investments | 10,848 | 10,838 |
Loans Receivable, Fair Value Disclosure | 1,783,306 | 1,743,862 |
Accrued interest receivable | 10,869 | 11,733 |
Deposits | (2,394,334) | (2,442,369) |
Short-term borrowings | (62,247) | (33,831) |
Federal Home Loan Bank advances | (10,828) | (12,677) |
Accrued interest payable | (358) | (389) |
Estimate of Fair Value Measurement [Member] | ||
Carrying amount and estimated fair value of financial instruments | ||
Cash and Cash Equivalents, Fair Value Disclosure | 55,438 | 88,695 |
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure | 5,500 | 9,815 |
Securities available-for-sale | 876,538 | 891,082 |
Loans Receivable, Fair Value Disclosure | 1,851,990 | 1,789,938 |
Accrued interest receivable | 10,869 | 11,733 |
Deposits | (2,395,924) | (2,442,612) |
Short-term borrowings | (62,247) | (33,831) |
Federal Home Loan Bank advances | (10,935) | (12,971) |
Accrued interest payable | $ (358) | $ (389) |
Fair Value (Details Textual)
Fair Value (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Valuation allowance for impaired loans | $ 918 | $ 918 | $ 1,159 | |
Provision for impaired loan losses | (109) | (452) | $ (271) | |
Other real estate owned | 2,837 | 2,837 | 3,466 | |
Commercial Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Fair Value | 2,500 | 2,500 | 2,800 | |
Residential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Fair Value | 368 | 368 | 655 | |
State and Municipal Obligation [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Fair Value | 4,210 | $ 4,210 | $ 4,725 | |
Fair Value Measurements, Valuation Techniques | Discounted cash flow | Discounted cash flow | ||
Fair Value Measurements Unobservable Inputs | Discount rate Probability of default | Discount rate Probability of default | ||
Impaired Loans | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Fair Value | 1,813 | $ 1,813 | $ 2,352 | |
Valuation allowance for impaired loans | 900 | $ 900 | $ 1,200 | |
Fair Value Measurements, Valuation Techniques | Sales comparison/income approach | Sales comparison/income approach | ||
Fair Value Measurements Unobservable Inputs | Discount rate for age of appraisal and market conditions | Discount rate for age of appraisal and market conditions | ||
Other Real Estate | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Real estate, other deductions | $ 1,100 | $ 743 | ||
Other Real Estate | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Fair Value | 2,837 | 2,837 | 3,466 | |
Other real estate owned | $ 2,800 | $ 2,800 | $ 3,500 | |
Fair Value Measurements, Valuation Techniques | Sales comparison/income approach | Sales comparison/income approach | ||
Fair Value Measurements Unobservable Inputs | Discount rate for age of appraisal and market conditions | Discount rate for age of appraisal and market conditions | ||
Minimum [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Fair value inputs, discount rate | 0.00% | |||
Minimum [Member] | State and Municipal Obligation [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Fair value inputs, discount rate | 3.05% | 3.05% | ||
Minimum [Member] | Impaired Loans | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Fair value inputs, discount rate | 0.00% | 0.00% | ||
Minimum [Member] | Other Real Estate | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Fair value inputs, discount rate | 5.00% | 5.00% | ||
Maximum [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Fair value inputs, discount rate | 50.00% | |||
Maximum [Member] | State and Municipal Obligation [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Fair value inputs, discount rate | 5.50% | 5.50% | ||
Maximum [Member] | Impaired Loans | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Fair value inputs, discount rate | 50.00% | 50.00% | ||
Maximum [Member] | Other Real Estate | Fair Value, Inputs, Level 3 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Fair value inputs, discount rate | 20.00% | 20.00% |
Short-Term Borrowings (Details)
Short-Term Borrowings (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Short-term Debt [Abstract] | ||
Federal Funds Purchased | $ 32,290 | $ 850 |
Securities Sold under Agreements to Repurchase | 29,957 | 32,981 |
Short-term borrowings | $ 62,247 | $ 33,831 |
Short-Term Borrowings Short-Ter
Short-Term Borrowings Short-Term Borrowings (Details 1) - USD ($) $ in Thousands | Jun. 30, 2016 | Dec. 31, 2015 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | $ 29,957 | $ 32,981 |
Maturity Overnight [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 7,927 | 10,420 |
Maturity up to 30 days [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 150 | 11,049 |
Maturity 30 to 90 Days [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 211 | 10,794 |
Maturity over 90 days [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | $ 21,669 | $ 718 |
Components of Net Periodic Be46
Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Defined Benefit Plan Disclosure [Line Items] | |||||
Defined Benefits Plan Estimated Future Employer Contributions In Next Fiscal Year | $ 2,700 | ||||
Post-Retirement Health Benefits [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Defined Benefits Plan Estimated Future Employer Contributions In Next Fiscal Year | $ 262 | ||||
Service cost | $ 14 | $ 16 | $ 27 | $ 32 | |
Interest cost | 46 | 43 | 93 | 87 | |
Expected return on plan assets | 0 | 0 | 0 | 0 | |
Amortization of transition obligation | 0 | 0 | 0 | 0 | |
Net amortization of prior service cost | 0 | 0 | 0 | 0 | |
Net amortization of net (gain) loss | 0 | 0 | 0 | 0 | |
Net Periodic Benefit Cost | 60 | 59 | 120 | 119 | |
Defined Benefit Plan, Contributions by Employer | 99 | ||||
Pension Plan [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Service cost | 470 | 538 | 941 | 1,076 | |
Interest cost | 932 | 879 | 1,865 | 1,758 | |
Expected return on plan assets | (857) | (863) | (1,715) | (1,726) | |
Amortization of transition obligation | 0 | 0 | 0 | 0 | |
Net amortization of prior service cost | 0 | 0 | 0 | 0 | |
Net amortization of net (gain) loss | 484 | 1,185 | 967 | 2,370 | |
Net Periodic Benefit Cost | $ 1,029 | $ 1,739 | 2,058 | $ 3,478 | |
Defined Benefit Plan, Contributions by Employer | $ 1,200 |
Components of Net Periodic Be47
Components of Net Periodic Benefit Cost (Details Textual) - USD ($) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefits Plan Estimated Future Employer Contributions In Next Fiscal Year | $ 2,700 | ||
Defined Benefit Plan, Expected Future Benefit Payments, Next Rolling Twelve Months | 1,100 | ||
Defined Contribution Plan Employer Accrued Discretionary Contribution Amount | $ 826 | $ 359 | |
Post Retirement Health Benefits [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefits Plan Estimated Future Employer Contributions In Next Fiscal Year | $ 262 | ||
Defined Benefit Plan, Contributions by Employer | 99 | ||
Pension Plan [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Contributions by Employer | $ 1,200 |
Acquisitions and FDIC Indemni48
Acquisitions and FDIC Indemnification Asset (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | |
Business Acquisition [Line Items] | ||||||||
Loans and Leases Receivable, Gross, Carrying Amount, Covered | $ 5,503 | $ 5,602 | $ 6,259 | $ 6,374 | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | $ 0 | $ 0 | ||||||
Loans and Leases Receivable, Disposals | $ (135) | (383) | (234) | $ (498) | ||||
Total Covered Assets | 5,368 | 5,876 | 5,368 | 5,876 | ||||
Consumer Loan [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Loans and Leases Receivable, Gross, Carrying Amount, Covered | 1,467 | 1,480 | 1,558 | 1,571 | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | 0 | 0 | ||||||
Loans and Leases Receivable, Disposals | (11) | (11) | (24) | (24) | ||||
Total Covered Assets | 1,456 | 1,547 | 1,456 | 1,547 | ||||
Commercial Loan [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Loans and Leases Receivable, Gross, Carrying Amount, Covered | $ 4,036 | $ 4,122 | $ 4,701 | $ 4,803 | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | 0 | 0 | ||||||
Loans and Leases Receivable, Disposals | (124) | (372) | (210) | (474) | ||||
Total Covered Assets | $ 3,912 | $ 4,329 | $ 3,912 | $ 4,329 |
Acquisitions and FDIC Indemni49
Acquisitions and FDIC Indemnification Asset (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Mar. 31, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Business Acquisition [Line Items] | |||||
Gain on Sale of certain assets and liabilities of Insurance Brokerage Operation | $ 0 | $ 0 | $ 13,021,000 | ||
Assets | 2,958,016,000 | $ 2,979,585,000 | |||
Goodwill | 34,355,000 | 39,489,000 | |||
Loans and Leases Receivable, Net of Loans with Deteriorated Credit Quality, Covered | 6,000,000 | 6,500,000 | |||
First National Bank Of Danville [Member] | |||||
Business Acquisition [Line Items] | |||||
Reimbursements from the FDIC | 19,400,000 | ||||
Business Aquisition, Loss Sharing Agreement Losses On Assets Threshold | $ 29,000,000 | ||||
Business Acquisition Loss Sharing Agreement Losses In Excess Of Threshold To Be Reimbursed Percentage | 95.00% | ||||
Business Acquisition, Loss Sharing Agreement Losses Up To Threshold To Be Reimbursed Percentage | 80.00% | ||||
Forrest Sherer Insurance [Domain] | |||||
Business Acquisition [Line Items] | |||||
Assets | 13,000,000 | $ 15,800,000 | |||
Insurance Services Revenue | 7,600,000 | 8,300,000 | |||
Goodwill | $ 5.1 | ||||
Operating Income (Loss) | $ 168,000 | $ 554,000 |
Accumulated Other Comprehensi50
Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | $ 1,566 | $ (6,745) | $ 5,908 | $ 481 | ||||
Change in Other comprehensive income before reclassification, Unrealized gains and Losses on available-for-sale Securities | 1,269 | (7,571) | 5,308 | (2,810) | ||||
Amount reclassified from accumalted other comperhensive income, unrealized gain and losses and available for sale securities | 297 | 826 | 600 | 3,291 | ||||
Net Current period other comprehensive other income, Unrealized gains and Losses on available-for-sale Securities | 1,566 | (6,745) | 5,908 | 481 | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (3,493) | (14,048) | (3,493) | (14,048) | $ (5,059) | $ (9,401) | $ (7,303) | $ (14,529) |
TOTAL Balance | (3,493) | (14,048) | (3,493) | (14,048) | ||||
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 1,262 | (7,564) | 5,300 | (2,802) | ||||
Change in Other comprehensive income before reclassification, Unrealized gains and Losses on available-for-sale Securities | 1,269 | (7,571) | 5,308 | (2,810) | ||||
Amount reclassified from accumalted other comperhensive income, unrealized gain and losses and available for sale securities | (7) | 7 | (8) | 8 | ||||
Net Current period other comprehensive other income, Unrealized gains and Losses on available-for-sale Securities | 1,262 | (7,564) | 5,300 | (2,802) | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | 14,353 | 7,476 | 14,353 | 7,476 | 13,091 | 9,053 | 15,040 | 10,278 |
TOTAL Balance | 14,353 | 7,476 | 14,353 | 7,476 | ||||
Accumulated Defined Benefit Plans Adjustment [Member] | ||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 304 | 819 | 608 | 3,283 | ||||
Change in Other comprehensive income before reclassification, Unrealized gains and Losses on available-for-sale Securities | 0 | 0 | 0 | 0 | ||||
Amount reclassified from accumalted other comperhensive income, unrealized gain and losses and available for sale securities | 304 | 819 | 608 | 3,283 | ||||
Net Current period other comprehensive other income, Unrealized gains and Losses on available-for-sale Securities | 304 | 819 | 608 | 3,283 | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (17,846) | (21,524) | (17,846) | (21,524) | $ (18,150) | $ (18,454) | $ (22,343) | $ (24,807) |
TOTAL Balance | $ (17,846) | $ (21,524) | $ (17,846) | $ (21,524) |
Accumulated Other Comprehensi51
Accumulated Other Comprehensive Income (Details 1) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Reclassification Adjustments, Net of Tax | $ 1,269 | $ (7,571) | $ 5,308 | $ (2,810) |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax | 1,566 | (6,745) | 5,908 | 481 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | 297 | 826 | 600 | 3,291 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
TOTAL Balance | (3,493) | (14,048) | (3,493) | (14,048) |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 1,566 | (6,745) | 5,908 | 481 |
TOTAL Balance | (5,059) | (7,303) | (9,401) | (14,529) |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Reclassification Adjustments, Net of Tax | 1,269 | (7,571) | 5,308 | (2,810) |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax | 1,262 | (7,564) | 5,300 | (2,802) |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | (7) | 7 | (8) | 8 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
TOTAL Balance | 14,353 | 7,476 | 14,353 | 7,476 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 1,262 | (7,564) | 5,300 | (2,802) |
TOTAL Balance | 13,091 | 15,040 | 9,053 | 10,278 |
Unrealized gains losses on securities available-for-sale with other than temporary impairment [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
TOTAL Balance | 1,233 | 3,047 | 1,233 | 3,047 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | (978) | (545) | (1,737) | (67) |
TOTAL Balance | 2,211 | 3,592 | 2,970 | 3,114 |
Unrealized gains losses on securities available-for-sale without other than temporary impairment [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
TOTAL Balance | 13,120 | 4,429 | 13,120 | 4,429 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 2,240 | (7,019) | 7,037 | (2,735) |
TOTAL Balance | 10,880 | 11,448 | 6,083 | 7,164 |
Accumulated Defined Benefit Plans Adjustment [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Reclassification Adjustments, Net of Tax | 0 | 0 | 0 | 0 |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax | 304 | 819 | 608 | 3,283 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | 304 | 819 | 608 | 3,283 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
TOTAL Balance | (17,846) | (21,524) | (17,846) | (21,524) |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 304 | 819 | 608 | 3,283 |
TOTAL Balance | $ (18,150) | $ (22,343) | $ (18,454) | $ (24,807) |
Accumulated Other Comprehensi52
Accumulated Other Comprehensive Income (Details 2) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ (3,493) | $ (14,048) | $ (3,493) | $ (14,048) | $ (5,059) | $ (9,401) | $ (7,303) | $ (14,529) |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 1,566 | (6,745) | 5,908 | 481 | ||||
Net securities gains (losses) | 10 | 10 | 13 | 14 | ||||
Income tax expense | (2,846) | (2,319) | (13,512) | (5,171) | ||||
Unrealized gain (loss) on securities, net of tax | 8,232 | 6,923 | 21,907 | 14,684 | ||||
Change in funded status of post retirement benefits | 304 | 819 | 608 | 3,283 | ||||
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ||||||||
Unrealized gain (loss) on securities, net of tax | 311 | 826 | 616 | 3,291 | ||||
Unrealized gains losses on securities available-for-sale without other than temporary impairment [Member] | ||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | 13,120 | 4,429 | 13,120 | 4,429 | 10,880 | 6,083 | 11,448 | 7,164 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 2,240 | (7,019) | 7,037 | (2,735) | ||||
Unrealized gains losses on securities available-for-sale with other than temporary impairment [Member] | ||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | 1,233 | 3,047 | 1,233 | 3,047 | 2,211 | 2,970 | 3,592 | 3,114 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | (978) | (545) | (1,737) | (67) | ||||
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | 14,353 | 7,476 | 14,353 | 7,476 | 13,091 | 9,053 | 15,040 | 10,278 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 1,262 | (7,564) | 5,300 | (2,802) | ||||
Accumulated Net Unrealized Investment Gain (Loss) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ||||||||
Net securities gains (losses) | 10 | 10 | 13 | 14 | ||||
Income tax expense | 3 | 3 | 5 | 6 | ||||
Unrealized gain (loss) on securities, net of tax | 7 | 7 | 8 | 8 | ||||
Accumulated Defined Benefit Plans Adjustment [Member] | ||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (17,846) | (21,524) | (17,846) | (21,524) | $ (18,150) | $ (18,454) | $ (22,343) | $ (24,807) |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 304 | 819 | 608 | 3,283 | ||||
Accumulated Defined Benefit Plans Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ||||||||
Income tax expense | 203 | 546 | 406 | 2,189 | ||||
Unrealized gain (loss) on securities, net of tax | 304 | 819 | 608 | 3,283 | ||||
Change in funded status of post retirement benefits | $ 507 | $ 1,365 | $ 1,014 | $ 5,472 |