Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Nov. 05, 2018 | |
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 | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false | |
Entity Common Stock, Shares Outstanding | 12,255,045 | |
Trading Symbol | THFF |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash and due from banks | $ 50,018 | $ 74,107 |
Securities available-for-sale | 785,693 | 814,931 |
Loans: | ||
Loans Receivable, Gross, Commercial and Industrial | 1,150,536 | 1,139,490 |
Residential | 443,264 | 436,143 |
Consumer | 345,132 | 327,976 |
Loans, gross | 1,938,932 | 1,903,609 |
Less: Unearned Income | 2,848 | 3,152 |
Less: Allowance for loan losses | (20,301) | (19,909) |
Loans, Net | 1,921,479 | 1,886,852 |
Restricted Investments | 10,390 | 10,379 |
Accrued interest receivable | 14,630 | 12,913 |
Premises and equipment, net | 46,985 | 48,272 |
Bank-owned life insurance | 85,901 | 85,016 |
Goodwill | 34,355 | 34,355 |
Other intangible assets | 1,310 | 1,630 |
Other real estate owned | 520 | 1,880 |
Other assets | 22,054 | 30,333 |
TOTAL ASSETS | 2,980,935 | 3,000,668 |
Deposits: | ||
Non-interest-bearing | 420,337 | 425,001 |
Interest-bearing: | ||
Interest-bearing Domestic Deposit, Other | 1,990,474 | |
Total Deposits | 2,407,061 | 2,458,653 |
Federal Funds Purchased and Securities Sold under Agreements to Repurchase | 58,680 | 57,686 |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Amount of Advances | 35,000 | 0 |
Other liabilities | 52,420 | 70,760 |
TOTAL LIABILITIES | 2,553,161 | 2,587,099 |
Shareholders' equity | ||
Common stock, $.125 stated value per share; Authorized shares-40,000,000 Issued shares-14,612,540 in 2018 and 14,595,320 in 2017 Outstanding shares-12,255,045 in 2018 and 12,246,464 in 2017 | 1,824 | 1,822 |
Additional paid-in capital | 76,181 | 75,624 |
Retained earnings | 451,918 | 420,275 |
Accumulated other comprehensive income (loss) | (32,310) | (14,704) |
Less: Treasury shares at cost-2,357,495 in 2018 and 2,348,856 in 2017 | (69,839) | (69,448) |
TOTAL SHAREHOLDERS' EQUITY | 427,774 | 413,569 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 2,980,935 | 3,000,668 |
Interest-bearing Domestic Deposit, Certificates of Deposits | 40,904 | $ 43,178 |
Interest-bearing Deposit Liabilities, Domestic | $ 1,945,820 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Sep. 30, 2018 | Dec. 31, 2017 |
Common stock, stated value per share | $ 0.125 | $ 0.125 |
Common stock, Authorized shares | 40,000,000 | 40,000,000 |
Common stock, Issued shares | 14,612,540 | 14,595,320 |
Common stock, Outstanding shares | 12,255,045 | 12,246,464 |
Treasury, shares | 2,357,495 | 2,348,856 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
INTEREST INCOME: | ||||
Loans, including related fees | $ 25,581 | $ 23,119 | $ 73,982 | $ 67,385 |
Securities: | ||||
Taxable | 3,601 | 3,500 | 13,141 | 10,887 |
Tax-exempt | 1,873 | 1,859 | 5,573 | 5,529 |
Other | 320 | 327 | 959 | 978 |
TOTAL INTEREST INCOME | 31,375 | 28,805 | 93,655 | 84,779 |
INTEREST EXPENSE: | ||||
Deposits | 2,365 | 1,561 | 6,254 | 4,307 |
Short-term borrowings | 167 | 98 | 354 | 215 |
Other borrowings | 16 | 38 | 63 | 82 |
TOTAL INTEREST EXPENSE | 2,548 | 1,697 | 6,671 | 4,604 |
NET INTEREST INCOME | 28,827 | 27,108 | 86,984 | 80,175 |
Provision for loan losses | 1,470 | 1,185 | 4,298 | 3,821 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 27,357 | 25,923 | 82,686 | 76,354 |
NON-INTEREST INCOME: | ||||
Trust and financial services | 1,133 | 1,194 | 3,888 | 3,660 |
Service charges and fees on deposit accounts | 3,002 | 3,048 | 8,733 | 8,829 |
Other service charges and fees | 3,256 | 3,070 | 9,747 | 9,369 |
Net securities gains (losses) | 3 | 27 | 5 | 44 |
Other Operating Income | 0 | 4,158 | 3,061 | |
Insurance commissions | 0 | |||
Gain on sales of mortgage loans | 618 | 535 | 1,458 | 1,255 |
Other | 897 | 666 | 1,984 | 1,484 |
TOTAL NON-INTEREST INCOME | 8,909 | 8,540 | 29,973 | 27,702 |
NON-INTEREST EXPENSE: | ||||
Salaries and employee benefits | 12,485 | 12,489 | 38,028 | 37,780 |
Occupancy expense | 1,894 | 1,769 | 5,308 | 5,298 |
Equipment expense | 1,673 | 1,792 | 5,016 | 5,424 |
FDIC Expense | 223 | 228 | 673 | 689 |
Other | 6,022 | 6,006 | 19,166 | 17,758 |
TOTAL NON-INTEREST EXPENSE | 22,297 | 22,284 | 68,191 | 66,949 |
INCOME BEFORE INCOME TAXES | 13,969 | 12,179 | 44,468 | 37,107 |
Income tax expense | 2,656 | 3,385 | 8,941 | 10,592 |
NET INCOME | 11,313 | 8,794 | 35,527 | 26,515 |
OTHER COMPREHENSIVE INCOME (LOSS) | ||||
Change in unrealized gains/losses on securities, net of reclassifications | (3,702) | (51) | (16,083) | 8,182 |
Change in funded status of post retirement benefits | 281 | 184 | 843 | 551 |
COMPREHENSIVE INCOME (LOSS) | $ 7,892 | $ 8,927 | $ 20,287 | $ 35,248 |
PER SHARE DATA | ||||
Basic and Diluted Earnings per Share (in dollars per share) | $ 0.92 | $ 0.72 | $ 2.90 | $ 2.17 |
Weighted average number of shares outstanding (in thousands) | 12,255 | 12,224 | 12,253 | 12,221 |
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, 2016 | $ 414,395 | $ 1,820 | $ 74,525 | $ 421,826 | $ (14,164) | $ (69,612) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 26,515 | 0 | 0 | 26,515 | 0 | 0 |
Other comprehensive income (loss) | 8,733 | 0 | 0 | 0 | 8,733 | 0 |
Omnibus Equity Incentive Plan | 530 | 2 | 528 | 0 | 0 | 0 |
Payments for Repurchase of Common Stock | (503) | 0 | 0 | 0 | ||
Dividends, Common Stock, Cash | (6,112) | 0 | 0 | (6,112) | 0 | 0 |
Balance at Sep. 30, 2017 | 443,558 | 1,822 | 75,053 | 442,229 | (5,431) | (70,115) |
Balance at Jun. 30, 2017 | 434,454 | 1,821 | 74,877 | 433,435 | (5,564) | (70,115) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 8,794 | 0 | 0 | 8,794 | 0 | 0 |
Other comprehensive income (loss) | 133 | 0 | 0 | 0 | 133 | 0 |
Omnibus Equity Incentive Plan | 177 | 1 | 176 | 0 | 0 | 0 |
Dividends, Common Stock, Cash | 0 | 0 | ||||
Balance at Sep. 30, 2017 | 443,558 | 1,822 | 75,053 | 442,229 | (5,431) | (70,115) |
Balance at Dec. 31, 2017 | 413,569 | 1,822 | 75,624 | 420,275 | (14,704) | (69,448) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 35,527 | 0 | 0 | 35,527 | 0 | 0 |
Other comprehensive income (loss) | (15,240) | 0 | 0 | 0 | (15,240) | 0 |
Omnibus Equity Incentive Plan | 559 | 2 | 557 | 0 | 0 | 0 |
Payments for Repurchase of Common Stock | (391) | 0 | 0 | 0 | ||
Dividends, Common Stock, Cash | (6,250) | 0 | 0 | (6,250) | 0 | 0 |
Balance at Sep. 30, 2018 | 427,774 | 1,824 | 76,181 | 451,918 | (32,310) | (69,839) |
Balance at Jun. 30, 2018 | 419,695 | 1,823 | 75,995 | 440,605 | (28,889) | (69,839) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 11,313 | 0 | 0 | 11,313 | 0 | 0 |
Other comprehensive income (loss) | (3,421) | 0 | 0 | 0 | (3,421) | 0 |
Omnibus Equity Incentive Plan | 187 | 1 | 186 | 0 | 0 | 0 |
Dividends, Common Stock, Cash | 0 | 0 | ||||
Balance at Sep. 30, 2018 | $ 427,774 | $ 1,824 | $ 76,181 | $ 451,918 | $ (32,310) | $ (69,839) |
CONSOLIDATED STATEMENTS OF SH_2
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Parenthetical) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Treasury stock purchase (in shares) | 0 | 0 | 8,639 | 9,524 |
Cash Dividends (in dollars per share) | $ 0 | $ 0 | $ 6,250 | $ 6,112 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net Income | $ 35,527 | $ 26,515 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Net amortization (accretion) of premiums and discounts on investments | 2,706 | 2,799 |
Provision for loan losses | 4,298 | 3,821 |
Securities (gains) losses | (5) | (44) |
(Gain) loss on sale of other real estate | 101 | 61 |
Recovery of security for previously written off OTTI | (4,158) | (3,061) |
Restricted stock compensation | 559 | 530 |
Depreciation and amortization | 3,126 | 3,352 |
Other, net | (633) | 1,857 |
NET CASH FROM OPERATING ACTIVITIES | 41,521 | 35,830 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Proceeds from sales of securities available-for-sale | 0 | 9,105 |
Calls, maturities and principal reductions on securities available-for-sale | 112,287 | 106,993 |
Purchases of securities available-for-sale | (102,731) | (87,528) |
Increase (Decrease) in Federal Funds Sold | (7,600) | (2,446) |
Loans made to customers, net of repayment | (39,119) | (30,771) |
Payments to Acquire Restricted Investments | (11) | (20) |
Proceeds from sales of other real estate owned | 1,568 | 1,314 |
Additions to premises and equipment | (1,519) | (1,036) |
NET CASH FROM INVESTING ACTIVITIES | (37,125) | (4,389) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Net change in deposits | (51,592) | 24,880 |
Proceeds from (Payments for) in Securities Sold under Agreements to Repurchase | 994 | (57,475) |
Maturities of other borrowings | (55,600) | (170,132) |
Proceeds from FHLBank Borrowings, Financing Activities | 90,600 | 170,000 |
Purchase of treasury stock | (391) | (503) |
Dividends paid | (12,496) | (12,220) |
NET CASH FROM FINANCING ACTIVITIES | (28,485) | (45,450) |
NET CHANGE IN CASH AND CASH EQUIVALENTS | (24,089) | (14,009) |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 74,107 | 75,012 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ 50,018 | $ 61,003 |
Significant Accounting Policies
Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2018 | |
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. At the nine months ended 2018 and 2017 , 17,220 and 16,562 shares were awarded, respectively. These shares had a grant date value of $784 thousand and $773 thousand for 2018 and 2017 , 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 | 9 Months Ended |
Sep. 30, 2018 | |
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 September 30. Allowance for Loan Losses: September 30, 2018 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 9,498 $ 1,382 $ 7,131 $ 2,060 $ 20,071 Provision for loan losses (106 ) (44 ) 1,593 27 1,470 Loans charged -off (409 ) (158 ) (1,781 ) — (2,348 ) Recoveries 354 160 594 — 1,108 Ending Balance $ 9,337 $ 1,340 $ 7,537 $ 2,087 $ 20,301 Allowance for Loan Losses: September 30, 2017 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 10,223 $ 1,514 $ 6,218 $ 1,725 $ 19,680 Provision for loan losses (227 ) 14 1,415 (17 ) 1,185 Loans charged -off (281 ) (100 ) (1,583 ) — (1,964 ) Recoveries 222 91 588 — 901 Ending Balance $ 9,937 $ 1,519 $ 6,638 $ 1,708 $ 19,802 The following table presents the activity of the allowance for loan losses by portfolio segment for the nine months ended September 30. Allowance for Loan Losses: September 30, 2018 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 10,281 $ 1,455 $ 6,709 $ 1,464 $ 19,909 Provision for loan losses (443 ) 56 4,062 623 4,298 Loans charged -off (1,053 ) (632 ) (5,007 ) — (6,692 ) Recoveries 552 461 1,773 — 2,786 Ending Balance $ 9,337 $ 1,340 $ 7,537 $ 2,087 $ 20,301 Allowance for Loan Losses: September 30, 2017 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 9,731 $ 1,553 $ 5,767 $ 1,722 $ 18,773 Provision for loan losses 176 (166 ) 3,825 (14 ) 3,821 Loans charged -off (1,059 ) (564 ) (4,705 ) — (6,328 ) Recoveries 1,089 696 1,751 — 3,536 Ending Balance $ 9,937 $ 1,519 $ 6,638 $ 1,708 $ 19,802 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 September 30, 2018 and December 31, 2017 . Allowance for Loan Losses September 30, 2018 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Individually evaluated for impairment $ 34 $ — $ — $ — $ 34 Collectively evaluated for impairment 9,303 1,340 7,537 2,087 20,267 Acquired with deteriorated credit quality — — — — — Ending Balance $ 9,337 $ 1,340 $ 7,537 $ 2,087 $ 20,301 Loans: September 30, 2018 (Dollar amounts in thousands) Commercial Residential Consumer Total Individually evaluated for impairment $ 5,063 $ 4,372 $ — $ 9,435 Collectively evaluated for impairment 1,151,707 440,335 346,583 1,938,625 Acquired with deteriorated credit quality 1,527 — — 1,527 Ending Balance $ 1,158,297 $ 444,707 $ 346,583 $ 1,949,587 Allowance for Loan Losses: December 31, 2017 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Individually evaluated for impairment 619 6 — — 625 Collectively evaluated for impairment 9,662 1,449 6,709 1,464 19,284 Acquired with deteriorated credit quality — — — — — Ending Balance $ 10,281 $ 1,455 $ 6,709 $ 1,464 $ 19,909 Loans December 31, 2017 (Dollar amounts in thousands) Commercial Residential Consumer Total Individually evaluated for impairment 9,619 463 — 10,082 Collectively evaluated for impairment 1,134,701 436,944 329,435 1,901,080 Acquired with deteriorated credit quality 1,860 — — 1,860 Ending Balance $ 1,146,180 $ 437,407 $ 329,435 $ 1,913,022 The following tables present loans individually evaluated for impairment by class of loans. September 30, 2018 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 $ 652 $ 652 $ — $ 725 $ — $ — Farmland 3,083 3,083 — 1,468 — — Non Farm, Non Residential — — — 1,803 — — Agriculture 212 12 — 61 — — All Other Commercial 1,142 1,142 — 1,187 — — Residential First Liens 4,372 4,372 — 3,110 — — Home Equity — — — — — — Junior Liens — — — 29 — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 174 174 34 405 — — Farmland — — — 2,061 — — Non Farm, Non Residential — — — — — — Agriculture — — — 309 — — All Other Commercial — — — — — — Residential First Liens — — — 111 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 9,635 $ 9,435 $ 34 $ 11,269 $ — $ — December 31, 2017 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 $ 802 $ 802 $ — $ 971 $ — $ — Farmland 930 930 — 1,265 — — Non Farm, Non Residential 2,461 2,461 — 2,781 — — Agriculture 123 123 — 239 — — All Other Commercial 1,238 1,238 — 1,308 — — Residential First Liens 21 21 — 23 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 493 493 146 514 — — Farmland 3,035 3,035 268 669 — — Non Farm, Non Residential — — — 131 — Agriculture 738 537 205 279 — — All Other Commercial — — — — — — Residential First Liens 442 442 6 483 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 10,283 $ 10,082 $ 625 $ 8,663 $ — $ — Three Months Ended Nine 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 $ 662 $ — $ — $ 725 $ — $ — Farmland 2,007 — — 1,468 — — Non Farm, Non Residential 1,165 — — 1,803 — — Agriculture 6 — — 61 — — All Other Commercial 1,156 — — 1,187 — — Residential First Liens 4,188 — — 3,110 — — Home Equity — — — — — — Junior Liens 39 — — 29 — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 323 — — 405 — — Farmland 1,081 — — 2,061 — — Non Farm, Non Residential — — — — — — Agriculture 80 — — 309 — — All Other Commercial — — — — — — Residential First Liens — — — 111 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 10,707 $ — $ — $ 11,269 $ — $ — Three Months Ended Nine 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 $ 891 $ — $ — $ 1,013 $ — $ — Farmland 2,285 — — 1,349 — — Non Farm, Non Residential 3,218 — — 2,861 — — Agriculture 107 — — 268 — — All Other Commercial 1,297 — — 1,325 — — Residential First Liens 23 — — 24 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 508 — — 519 — — Farmland 156 — — 78 — — Non Farm, Non Residential — — — 164 — — Agriculture 430 — — 215 — — All Other Commercial — — — — — — Residential First Liens 473 — — 493 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 9,388 $ — $ — $ 8,309 $ — $ — The tables below presents the recorded investment in non-performing loans. September 30, 2018 Loans Past Due Over 90 Day Still Troubled Debt Restructured Nonaccrual Excluding (Dollar amounts in thousands) Accruing Accruing Nonaccrual TDR Commercial Commercial & Industrial $ 41 $ 1 $ 202 $ 1,096 Farmland — — — 3,258 Non Farm, Non Residential — — — 88 Agriculture — — — 27 All Other Commercial — — — 1,147 Residential First Liens 1,063 3,343 564 3,518 Home Equity 12 — — 75 Junior Liens 18 57 — 68 Multifamily — — — — All Other Residential — — — 66 Consumer Motor Vehicle 259 2 — 179 All Other Consumer — 187 475 513 TOTAL $ 1,393 $ 3,590 $ 1,241 $ 10,035 December 31, 2017 Loans Past Due Over 90 Day Still Troubled Debt Restructured Nonaccrual Excluding (Dollar amounts in thousands) Accruing Accruing Nonaccrual TDR Commercial Commercial & Industrial $ 41 $ 2 $ 212 $ 1,679 Farmland 19 — — 4,141 Non Farm, Non Residential — 56 2,440 172 Agriculture — — — 707 All Other Commercial — — — 1,236 Residential First Liens 1,011 3,105 575 3,972 Home Equity 8 — — 249 Junior Liens 137 — — 134 Multifamily — — — — All Other Residential — — — 90 Consumer Motor Vehicle 268 9 — 242 All Other Consumer — 177 527 623 TOTAL $ 1,484 $ 3,349 $ 3,754 $ 13,245 There were $131 thousand of loans covered by loss share agreements with the FDIC included in loans past due over 90 days still on accrual at September 30, 2018 and there were $88 thousand at December 31, 2017 . There were $85 thousand of covered loans included in non-accrual loans at September 30, 2018 and there were $62 thousand at December 31, 2017 . There were no covered loans at September 30, 2018 or December 31, 2017 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. September 30, 2018 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 $ 765 $ 487 $ 481 $ 1,733 $ 507,758 $ 509,491 Farmland — 8 3,198 3,206 103,902 107,108 Non Farm, Non Residential 20 31 26 77 188,673 188,750 Agriculture — — 11 11 142,700 142,711 All Other Commercial 4 — — 4 210,233 210,237 Residential First Liens 528 446 1,939 2,913 236,246 239,159 Home Equity 203 80 81 364 37,449 37,813 Junior Liens 138 53 18 209 47,866 48,075 Multifamily — — — — 107,179 107,179 All Other Residential — — — — 12,481 12,481 Consumer Motor Vehicle 5,092 861 299 6,252 313,132 319,384 All Other Consumer 106 10 3 119 27,080 27,199 TOTAL $ 6,856 $ 1,976 $ 6,056 $ 14,888 $ 1,934,699 $ 1,949,587 December 31, 2017 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 $ 372 $ 80 $ 640 $ 1,092 $ 474,709 $ 475,801 Farmland 341 — 3,671 4,012 104,457 108,469 Non Farm, Non Residential 141 — — 141 200,804 200,945 Agriculture 141 — 561 702 152,388 153,090 All Other Commercial — — — — 207,875 207,875 Residential First Liens 5,467 1,317 1,434 8,218 247,029 255,247 Home Equity 310 46 8 364 35,752 36,116 Junior Liens 274 106 194 574 41,688 42,262 Multifamily — — — — 90,141 90,141 All Other Residential 300 — 12 312 13,329 13,641 Consumer Motor Vehicle 4,770 697 294 5,761 298,211 303,972 All Other Consumer 107 22 — 129 25,334 25,463 TOTAL $ 12,223 $ 2,268 $ 6,814 $ 21,305 $ 1,891,717 $ 1,913,022 During the three and nine months ended September 30, 2018 and 2017 , the terms of certain loans were modified as troubled debt restructurings (TDRs). The following tables present the activity for TDRs. 2018 (Dollar amounts in thousands) Commercial Residential Consumer Total July 1, $ 2,577 $ 3,607 $ 635 $ 6,819 Added — 538 94 632 Charged Off — — (7 ) (7 ) Payments (2,374 ) (165 ) (58 ) (2,597 ) September 30, $ 203 $ 3,980 $ 664 $ 4,847 2018 (Dollar amounts in thousands) Commercial Residential Consumer Total January 1, $ 2,709 $ 3,611 $ 714 $ 7,034 Added — 751 237 988 Charged Off — (16 ) (83 ) (99 ) Payments (2,506 ) (366 ) (204 ) (3,076 ) September 30, $ 203 $ 3,980 $ 664 $ 4,847 2017 (Dollar amounts in thousands) Commercial Residential Consumer Total July 1, 3,061 4,198 725 7,984 Added — — 42 42 Charged Off — (155 ) (17 ) (172 ) Payments (153 ) (222 ) (55 ) (430 ) September 30, 2,908 3,821 695 7,424 2017 (Dollar amounts in thousands) Commercial Residential Consumer Total January 1, 3,386 4,447 732 8,565 Added — 227 251 478 Charged Off — (195 ) (88 ) (283 ) Payments (478 ) (658 ) (200 ) (1,336 ) September 30, 2,908 3,821 695 7,424 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 2018 or 2017 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 nine months ended September 30, 2018 and 2017 did not result in any material charge-offs or additional provision expense. The Corporation has no allocations of specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of September 30, 2018 and 2017 . The Corporation has not committed to lend additional amounts as of September 30, 2018 and 2017 to customers with outstanding loans that are classified as troubled debt restructurings. None of the charge-offs during the three and nine months ended September 30, 2018 and 2017 were of restructurings that had occurred in the previous 12 months. 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 those with an outstanding balance less than $100 thousand or are included in groups of homogeneous loans. As of September 30, 2018 and December 31, 2017 , and based on the most recent analysis performed, the risk category of loans by class of loans are as follows: September 30, 2018 (Dollar amounts in thousands) Pass Special Mention Substandard Doubtful Not Rated Total Commercial Commercial & Industrial $ 462,286 $ 21,079 $ 16,145 $ — $ 8,327 $ 507,837 Farmland 88,960 7,655 8,427 — 20 105,062 Non Farm, Non Residential 172,165 5,620 10,531 — — 188,316 Agriculture 113,536 9,823 16,405 — 456 140,220 All Other Commercial 200,398 43 6,923 — 1,737 209,101 Residential First Liens 44,443 971 3,935 — 188,857 238,206 Home Equity 673 — 120 — 36,952 37,745 Junior Liens 2,041 76 171 76 45,598 47,962 Multifamily 106,891 — — — 19 106,910 All Other Residential — — 15 — 12,426 12,441 Consumer Motor Vehicle — — 674 — 317,387 318,061 All Other Consumer — — 43 — 27,028 27,071 TOTAL $ 1,191,393 $ 45,267 $ 63,389 $ 76 $ 638,807 $ 1,938,932 December 31, 2017 (Dollar amounts in thousands) Pass Special Mention Substandard Doubtful Not Rated Total Commercial Commercial & Industrial $ 430,015 $ 19,889 $ 18,611 $ 38 $ 5,947 $ 474,500 Farmland 88,338 10,782 7,466 — 10 106,596 Non Farm, Non Residential 179,181 7,689 13,632 — — 200,502 Agriculture 111,724 17,482 21,388 — 342 150,936 All Other Commercial 194,170 2,723 7,459 — 2,604 206,956 Residential First Liens 45,320 750 3,980 5 204,329 254,384 Home Equity 319 — 64 — 35,653 36,036 Junior Liens 1,882 76 342 100 39,755 42,155 Multifamily 89,936 — — — 36 89,972 All Other Residential — — 67 — 13,529 13,596 Consumer Motor Vehicle — — 731 — 301,900 302,631 All Other Consumer — — 44 — 25,301 25,345 TOTAL $ 1,140,885 $ 59,391 $ 73,784 $ 143 $ 629,406 $ 1,903,609 |
Securities
Securities | 9 Months Ended |
Sep. 30, 2018 | |
Investments, Debt and Equity Securities [Abstract] | |
Securities | September 30, 2018 (Dollar amounts in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government agencies $ 13,042 $ 2 $ (571 ) $ 12,473 Mortgage Backed Securities - residential 189,999 798 (6,146 ) 184,651 Collateralized mortgage obligations 368,486 26 (13,965 ) 354,547 State and municipal obligations 231,565 1,764 (2,730 ) 230,599 Collateralized debt obligations 179 3,244 — 3,423 TOTAL $ 803,271 $ 5,834 $ (23,412 ) $ 785,693 December 31, 2017 (Dollar amounts in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government agencies $ 13,989 $ 24 $ (318 ) $ 13,695 Mortgage Backed Securities-residential 215,079 2,071 (1,812 ) 215,338 Mortgage Backed Securities-commercial 1 — — 1 Collateralized mortgage obligations 346,005 370 (6,705 ) 339,670 State and municipal obligations 227,651 4,671 (700 ) 231,622 Collateralized debt obligations 8,644 5,961 — 14,605 TOTAL $ 811,369 $ 13,097 $ (9,535 ) $ 814,931 Contractual maturities of debt securities at September 30, 2018 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 $ 3,965 $ 3,961 Due after one but within five years 32,844 33,151 Due after five but within ten years 74,009 74,647 Due after ten years 133,968 134,736 244,786 246,495 Mortgage-backed securities and collateralized mortgage obligations 558,485 539,198 TOTAL $ 803,271 $ 785,693 There were $3 thousand and $5 thousand in gross gains and no losses from investment sales/calls realized by the Corporation for the three and nine months ended September 30, 2018 . For the three and nine months ended September 30, 2017 there were $27 thousand and $44 thousand in gross gains and no losses on sales 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 September 30, 2018 and December 31, 2017 . September 30, 2018 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 U.S. Government agencies $ — $ — $ 11,782 $ (571 ) $ 11,782 $ (571 ) Mortgage Backed Securities - Residential $ 104,404 $ (3,323 ) $ 52,106 $ (2,823 ) $ 156,510 $ (6,146 ) Collateralized mortgage obligations 191,204 (4,317 ) 158,396 (9,648 ) 349,600 (13,965 ) State and municipal obligations 96,736 (1,627 ) 21,574 (1,103 ) 118,310 (2,730 ) Total temporarily impaired securities $ 392,344 $ (9,267 ) $ 243,858 $ (14,145 ) $ 636,202 $ (23,412 ) December 31, 2017 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 $ 9,321 $ (86 ) $ 3,538 $ (232 ) $ 12,859 $ (318 ) Mortgage Backed Securities - Residential $ 79,918 $ (425 ) $ 53,815 $ (1,387 ) $ 133,733 $ (1,812 ) Collateralized mortgage obligations 150,182 (1,418 ) 146,750 (5,287 ) 296,932 (6,705 ) State and municipal obligations 27,347 (183 ) 18,660 (517 ) 46,007 (700 ) Total temporarily impaired securities $ 266,768 $ (2,112 ) $ 222,763 $ (7,423 ) $ 489,531 $ (9,535 ) 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 $23.4 million as of September 30, 2018 and $9.5 million as of December 31, 2017 . 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 were three collateralized debt obligations securities with previously recorded OTTI but there was no additional OTTI recorded in 2018 or 2017 . During the quarter ended June 30, 2018, one of the obligations was called, resulting in the elimination of the OTTI associated with that obligation. A recovery of previously recorded OTTI of $4.2 million was received and recognized in non-interest income for the period. In addition the Corporation received $2.4 million of interest income associated with the call. During the quarter ended March 31, 2017, one of the obligations was partially called, resulting in the elimination of the OTTI associated with that obligation. A cash recovery of $3.1 million was received and recognized in non-interest income for the period as the book value of the security was previously written down to zero. 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 was 85.57 while Moody Investor Service pricing was 21.23 , 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 nine month periods ended September 30, 2018 and 2017 : Three Months Ended September 30, Nine Months Ended September 30, (Dollar amounts in thousands) 2018 2017 2018 2017 Beginning balance $ 2,974 $ 7,132 $ 7,132 $ 13,974 Increases to the amount related to the credit Loss for which other-than-temporary was previously recognized — — — — Reductions for increases in cash flows collected — — — Reductions for securities called during the period — — (4,158 ) (6,842 ) Ending balance $ 2,974 $ 7,132 $ 2,974 $ 7,132 |
Fair Value
Fair Value | 9 Months Ended |
Sep. 30, 2018 | |
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). September 30, 2018 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total U.S. Government agencies $ — $ 12,473 $ — $ 12,473 Mortgage Backed Securities-residential — 184,651 — 184,651 Collateralized mortgage obligations — 354,547 — 354,547 State and municipal — 227,464 3,135 230,599 Collateralized debt obligations — — 3,423 3,423 TOTAL $ — $ 779,135 $ 6,558 $ 785,693 Derivative Assets 687 Derivative Liabilities (687 ) December 31, 2017 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total U.S. Government agencies $ — $ 13,695 $ — $ 13,695 Mortgage Backed Securities-residential — 215,338 — 215,338 Mortgage Backed Securities-commercial — 1 — 1 Collateralized mortgage obligations — 339,670 — 339,670 State and municipal — 227,942 3,680 231,622 Collateralized debt obligations — — 14,605 14,605 TOTAL $ — $ 796,646 $ 18,285 $ 814,931 Derivative Assets 298 Derivative Liabilities (298 ) There were no transfers between Level 1 and Level 2 during 2018 and 2017 . 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 nine months ended September 30, 2018 and the year ended December 31, 2017 . Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Three Months Ended September 30, 2018 (Dollar amounts in thousands) State and municipal obligations Collateralized debt obligations Total Beginning balance, July 1 $ 3,135 $ 3,450 $ 6,585 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — 13 13 Transfers — — — Settlements — (40 ) (40 ) Ending balance, September 30 $ 3,135 $ 3,423 $ 6,558 Nine Months Ended September 30, 2018 (Dollar amounts in thousands) State and Collateralized Total Beginning balance, January 1 $ 3,680 $ 14,605 $ 18,285 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — 4,158 4,158 Transfers — — — Settlements (545 ) (15,340 ) (15,885 ) Ending balance, September 30 $ 3,135 $ 3,423 $ 6,558 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Year Ended December 31, 2017 (Dollar amounts in thousands) State and municipal obligations Collateralized debt obligations Total Beginning balance, January 1 $ 4,210 $ 12,368 $ 16,578 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — 2,773 2,773 Purchases — — — Settlements (530 ) (536 ) (1,066 ) Ending balance, December 31 $ 3,680 $ 14,605 $ 18,285 The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at September 30, 2018 . (Dollar amounts in thousands) Fair Value Valuation Technique(s) Unobservable Input(s) Range State and municipal obligations $ 3,135 Discounted cash flow Discount rate 2.64%-4.80% 0% Other real estate $ 520 Sales comparison/income approach Discount rate for age of appraisal and market conditions 5.00%-20.00% Impaired Loans $ 140 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, 2017 . (Dollar amounts in thousands) Fair Value Valuation Technique(s) Unobservable Input(s) Range State and municipal obligations $ 3,680 Discounted cash flow Discount rate 2.30%-5.45% 0% Other real estate $ 1,880 Sales comparison/income approach Discount rate for age of appraisal and market conditions 5.00%-20.00% Impaired Loans 3,882 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 $140 thousand , after a valuation allowance of $34 thousand at September 30, 2018 and at a fair value of $3.9 million , net of a valuation allowance of $625 thousand at December 31, 2017 . The impact to the provision for loan losses for the three months and nine months ended September 30, 2018 and for the twelve months ended December 31, 2017 was a $197 thousand decrease, a $591 thousand decrease, and a $294 thousand increase, respectively. Other real estate owned is valued at Level 3. Other real estate owned at September 30, 2018 with a value of $520 thousand was reduced $527 thousand for fair value adjustment. At September 30, 2018 other real estate owned was comprised of $303 thousand from commercial loans and $217 thousand from residential loans. Other real estate owned at December 31, 2017 with a value of $1.9 million was reduced $951 thousand for fair value adjustment. At December 31, 2017 other real estate owned was comprised of $1.7 million from commercial loans and $212 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 than 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 September 30, 2018 and December 31, 2017 , which are all considered Level 3. September 30, 2018 (Dollar amounts in thousands) Carrying Value Allowance for Loan Losses Allocated Fair Value Commercial Commercial & Industrial $ 174 $ 34 $ 140 Farmland — — — Non Farm, Non Residential — — — Agriculture — — — All Other Commercial — — — Residential First Liens — — — Home Equity — — — Junior Liens — — — Multifamily — — — All Other Residential — — — Consumer Motor Vehicle — — — All Other Consumer — — — TOTAL $ 174 $ 34 $ 140 December 31, 2017 (Dollar amounts in thousands) Carrying Value Allowance for Loan Losses Allocated Fair Value Commercial Commercial & Industrial $ 493 $ 146 $ 347 Farmland 3,035 268 2,767 Non Farm, Non Residential — — — Agriculture 537 205 — All Other Commercial — — — Residential First Liens 442 6 436 Home Equity — — — Junior Liens — — — Multifamily — — — All Other Residential — — — Consumer Motor Vehicle — — — All Other Consumer — — — TOTAL $ 4,507 $ 625 $ 3,882 The carrying amounts and estimated fair value of financial instruments at September 30, 2018 and December 31, 2017 , 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 represent an exit price for 2018, but do not necessarily represent an exit price for years prior. 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. September 30, 2018 Carrying Fair Value (Dollar amounts in thousands) Value Level 1 Level 2 Level 3 Total Cash and due from banks $ 50,018 $ 19,029 $ 30,989 $ — $ 50,018 Federal funds sold 7,600 — 7,600 — 7,600 Securities available-for-sale 785,693 — 779,135 6,558 785,693 Restricted stock 10,390 n/a n/a n/a n/a Loans, net 1,921,479 — — 1,874,643 1,874,643 Accrued interest receivable 14,630 — 4,070 10,560 14,630 Deposits (2,407,061 ) — (2,394,553 ) — (2,394,553 ) Short-term borrowings (58,680 ) — (58,680 ) — (58,680 ) Federal Home Loan Bank advances (35,000 ) — (35,000 ) — (35,000 ) Accrued interest payable (530 ) — (530 ) — (530 ) December 31, 2017 Carrying Fair Value (Dollar amounts in thousands) Value Level 1 Level 2 Level 3 Total Cash and due from banks $ 74,107 $ 20,682 $ 53,425 $ — $ 74,107 Securities available-for-sale 814,931 — 796,646 18,285 814,931 Restricted stock 10,379 n/a n/a n/a n/a Loans, net 1,886,852 — — 1,878,166 1,878,166 Accrued interest receivable 12,913 — 3,596 9,317 12,913 Deposits (2,458,653 ) — (2,456,900 ) — (2,456,900 ) Short-term borrowings (57,686 ) — (57,686 ) — (57,686 ) Accrued interest payable (372 ) — (372 ) — (372 ) |
Short-Term Borrowings
Short-Term Borrowings | 9 Months Ended |
Sep. 30, 2018 | |
Short-term Debt [Abstract] | |
Short-Term Borrowings | Short-Term Borrowings Period–end short-term borrowings were comprised of the following: (000 's) September 30, 2018 December 31, 2017 Federal Funds Purchased $ 33,000 $ 30,165 Repurchase Agreements 25,680 27,521 $ 58,680 $ 57,686 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: September 30, 2018 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 $ 10,033 $ — $ 112 $ 15,535 $ 25,680 December 31, 2017 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 $ 11,929 $ 6,282 $ 8,552 $ 758 $ 27,521 |
Components of Net Periodic Bene
Components of Net Periodic Benefit Cost | 9 Months Ended |
Sep. 30, 2018 | |
Retirement Benefits [Abstract] | |
Components of Net Periodic Benefit Cost | Components of Net Periodic Benefit Cost Three Months Ended September 30, Nine Months Ended September 30, (000's) (000's) Pension Benefits Post-Retirement Health Benefits Pension Benefits Post-Retirement Health Benefits 2018 2017 2018 2017 2018 2017 2018 2017 Service cost $ 347 $ 358 $ 10 $ 13 $ 1,041 $ 1,074 $ 31 $ 40 Interest cost 798 905 33 43 2,395 2,716 98 129 Expected return on plan assets (991 ) (985 ) — — (2,972 ) (2,955 ) — — Net amortization of prior service cost — — — — 1 1 — — Net amortization of net (gain) loss 362 301 — — 1,085 903 — — Net Periodic Benefit Cost $ 516 $ 579 $ 43 $ 56 $ 1,550 $ 1,739 $ 129 $ 169 Employer Contributions First Financial Corporation previously disclosed in its financial statements for the year ended December 31, 2017 that it expected to contribute $2.3 million and $ 813 thousand respectively to its Pension Plan and ESOP and $264 thousand to the Post Retirement Health Benefits Plan in 2018 . Contributions of $1.7 million have been made to the Pension Plan thus far in 2018 . Contributions of $183 thousand have been made through the first nine months of 2018 for the Post Retirement Health Benefits plan. No contributions have been made in 2018 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 nine months of 2018 and 2017 there has been $1.3 million and $1.3 million of expense accrued for potential contributions to these alternative retirement benefit options. |
New accounting standards
New accounting standards | 9 Months Ended |
Sep. 30, 2018 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
New accounting standards | New accounting standards Accounting Pronouncements Adopted: On January 1, 2018, the Corporation adopted ASU 2014-09, Revenue from Contracts with Customers and all subsequent amendments to the ASU (collectively, "ASC 606"), which (i) creates a single framework for recognizing revenue from contracts with customers that fall within its scope and (ii) revises when it is appropriate to recognize a gain (loss) from the transfer of nonfinancial assets, such as OREO. The majority of the Corporation's revenues come from interest income and other sources, including loans, leases, securities and derivatives, that are outside the scope of ASC 606. The Corporation's services that fall within the scope of ASC 606 are presented within Non-Interest Income and are recognized as revenue as the Corporation satisfies its obligation to the customer. Services within the scope of ASC 606 include service charges on deposits, asset management fees, interchange income, and the sale of OREO. Refer to Note 8 Revenue from Contracts with Customers for further discussion on the Corporation's accounting policies for revenue sources within the scope of ASC 606. The Corporation adopted ASC 606 using the modified retrospective method applied to all contracts not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606 while prior period amounts continue to be reported in accordance with legacy GAAP. The adoption of ASC 606 did not result in a change to the accounting for any of the in-scope revenue streams; as such, no cumulative effect adjustment was recorded. 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 adopted ASU 2016-01 on January 1, 2018 and did not have a significant impact on the financial statements. However, the fair value disclosures for our loan portfolio considers the exit price. In August of 2016 ASU 2016-15, Statement of Cash Flows (Topic 230) ("ASU 2016-15") was issued and is intended to reduce the diversity in practice around how certain transactions are classified within the statement of cash flows. ASU 2016-15 is effective for public companies for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted with retrospective application. The Corporation adopted ASU 2016-15 on January 1, 2018 and did not have a significant impact on its accounting and disclosures. In March 2017, the FASB issued ASU No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. Under the new guidance, employers will present the service cost component of the net periodic benefit cost in the same income statement line item (e.g., Salaries and Benefits) as other employee compensation costs arising from services rendered during the period. In addition, only the service cost component will be eligible for capitalization in assets. Employers will present the other components separately (e.g., Other Noninterest Expense) from the line item that includes the service cost. ASU No. 2017-07 is effective for interim and annual reporting periods beginning after December 15, 2017. Early adoption was permitted. Employers will apply the guidance on the presentation of the components of net periodic benefit cost in the income statement retrospectively. The guidance limiting the capitalization of net periodic benefit cost in assets to the service cost component will be applied prospectively. The Corporation adopted ASU 2017-07 on January 1, 2018, and did not have a significant impact on its accounting and disclosures. In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification. ASU 2017-09 was issued to provide clarity and reduce both 1) diversity in practice and 2) cost and complexity when applying the guidance in Topic 718, Compensation - Stock Compensation, to a change to the terms or conditions of a share-based payment award. Diversity in practice has arisen in part because some entities apply modification accounting under Topic 718 for modifications to terms and conditions that they consider substantive, but do not when they conclude that particular modifications are not substantive. Others apply modification accounting for any change to an award, except for changes that they consider purely administrative in nature. Still others apply modification accounting when a change to an award changes the fair value, the vesting, or the classification of the award. In practice, it appears that the evaluation of a change in fair value, vesting, or classification may be used to evaluate whether a change is substantive. ASU 2017-09 include guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting under Topic 718. ASU 2017-09 is effective for the annual period, and interim periods within the annual periods, beginning after December 15, 2017. Early adoption was permitted, including adoption in any interim period for: (a) public business entities for reporting periods for which financial statements have not yet been issued, and (b) all other entities for reporting periods for which financial statements have not yet been made available for issuance. ASU 2017-09 should be applied prospectively to an award modified on or after the adoption date. The Corporation adopted ASU 2017-09 on January 1, 2018 on its consolidated financial statements, and did not have a significant impact on its consolidated financial statements. In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. ASU 2018-02 was issued to address the income tax accounting treatment of the stranded tax effects within other comprehensive income due to the prohibition of backward tracing due to an income tax rate change that was initially recorded in other comprehensive income. This issue came about from the enactment of the Tax Cuts and Jobs Act on December 22, 2017 that changed the Company’s income tax rate from 35% to 21%. The ASU changed current accounting whereby an entity may elect to reclassify the stranded tax effect from accumulated other comprehensive income to retained earnings. The ASU is effective for periods beginning after December 15, 2018 although early adoption is permitted. The Corporation early adopted the standard in the first quarter of 2018 and reclassified $2.4 million from accumulated other comprehensive income to retained earnings. Recent Accounting Pronouncements: 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 continues to evaluate the provision of the new lease standard, but due to the small number of lease agreements presently in effect for the Corporation, does not expect the new guidance will have a significant impact on the Corporation's 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. Management has initiated an implementation committee to assist in assessing data and system needs for the new standard. Management anticipates the effect will be an increase to the allowance for loan losses upon adoption, however, the overall increase is uncertain at this time. In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment. The guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. Goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. All other goodwill impairment guidance will remain largely unchanged. ASU No. 2017-04 is effective for interim and annual reporting periods beginning after December 15, 2019, applied prospectively. Early adoption is permitted for any impairment tests performed after January 1, 2017. The Corporation is assessing ASU 2017-04 but does not expect a significant impact on its accounting and disclosures. In July 2018, the FASB issued ASU No. 2018-11, Leases - Targeted Improvements, to provide entities with relief from the costs of implementing certain aspects of the new leasing standard, ASU No. 2016-02. Specifically, under the amendments in ASU 2018-11: (1) entities may elect not to recast the comparative periods presented when transitioning to the new leasing standard, and (2) lessors may elect not to separate lease and non-lease components when certain conditions are met. The amendments have the same effective date as ASU 2016-02 (January 1, 2019 for the Corporation). The Corporation expects to elect both transition options. ASU 2018-11 is not expected to have a material impact on the Corporation’s financial statements. In August 2018, the FASB issued ASU No. 2018-13, Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. This ASU eliminates, adds and modifies certain disclosure requirements for fair value measurements. Among the changes, entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. ASU No. 2018-13 is effective for interim and annual reporting periods beginning after December 15, 2019; early adoption is permitted. Entities are also allowed to elect early adoption the eliminated or modified disclosure requirements and delay adoption of the new disclosure requirements until their effective date. As ASU No. 2018-13 only revises disclosure requirements, it will not have a material impact on the Corporation’s financial statements. In August 2018, the FASB issued ASU No. 2018-14, Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans. This ASU makes minor changes to the disclosure requirements for employers that sponsor defined benefit pension and/or other postretirement benefit plans. ASU 2018-14 is effective for fiscal years ending after December 15, 2020; early adoption is permitted. As ASU 2018-14 only revises disclosure requirements, it will not have a material impact on the Corporation’s financial statements. In September 2018, the FASB issued ASU No. 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. This ASU requires an entity in a cloud computing arrangement (i.e., hosting arrangement) that is a service contract to follow the internal-use software guidance in ASC 350-40 to determine which implementation costs to capitalize as assets or expense as incurred. Capitalized implementation costs should be presented in the same line item on the balance sheet as amounts prepaid for the hosted service, if any (generally as an “other asset”). The capitalized costs will be amortized over the term of the hosting arrangement, with the amortization expense being presented in the same income statement line item as the fees paid for the hosted service. ASU 2018-15 is effective for interim and annual reporting periods beginning after December 15, 2019; early adoption is permitted. ASU 2018-15 will not have a material impact on the Corporation’s financial statements. |
Acquisitions and FDIC Indemnifi
Acquisitions and FDIC Indemnification Asset | 9 Months Ended |
Sep. 30, 2018 | |
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 September 30, 2018 and December 31, 2017 totaled $3.5 million and $4.3 million , respectively. The only loans still covered by the loss share agreement are the single family loans. 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 September 30, 2018 and 2017 are shown in the following tables: 2018 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, July 1, $ 1,598 $ — $ 1,598 Discount accretion — — — Disposals (16 ) — (16 ) ASC 310-30 Loans, September 30, $ 1,582 $ — $ 1,582 2018 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, January 1, $ 1,896 $ — $ 1,896 Discount accretion — — — Disposals (314 ) — (314 ) ASC 310-30 Loans, September 30, $ 1,582 $ — $ 1,582 2017 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, July 1, $ 1,983 $ — $ 1,983 Discount accretion — — — Disposals (47 ) — (47 ) ASC 310-30 Loans, September 30, $ 1,936 $ — $ 1,936 2017 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, January 1, $ 3,451 $ 1,430 $ 4,881 Discount accretion — — — Disposals (1,515 ) (1,430 ) (2,945 ) ASC 310-30 Loans, September 30, $ 1,936 $ — $ 1,936 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 9 Months Ended |
Sep. 30, 2018 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Accumulated Other Comprehensive Income | Accumulated Other Comprehensive Income The following tables summarize the changes, net of tax, within each classification of accumulated other comprehensive income/(loss) for the three and nine months ended September 30, 2018 and 2017 . Unrealized gains and 2018 (Losses) on available- for-sale Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, July 1, $ (9,625 ) $ (19,264 ) $ (28,889 ) Change in other comprehensive income (loss) before reclassification (3,700 ) — (3,700 ) Amounts reclassified from accumulated other comprehensive income (2 ) 281 279 Net current period other comprehensive income (loss) (3,702 ) 281 (3,421 ) Ending balance, September 30, $ (13,327 ) $ (18,983 ) $ (32,310 ) Unrealized gains and 2018 (Losses) on Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, January 1, $ 2,258 $ (16,962 ) $ (14,704 ) Change in other comprehensive income (loss) before reclassification (16,079 ) — (16,079 ) Amounts reclassified from accumulated other comprehensive income (4 ) 843 839 Net current period other comprehensive loss (16,083 ) 843 (15,240 ) ASU 2018-02 adjustment 498 (2,864 ) (2,366 ) Ending balance, September 30, $ (13,327 ) $ (18,983 ) $ (32,310 ) Unrealized gains and 2017 (Losses) on available- for-sale Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, July 1, $ 7,156 $ (12,720 ) $ (5,564 ) Change in other comprehensive income (loss) before reclassification (33 ) — (33 ) Amounts reclassified from accumulated other comprehensive income (18 ) 184 166 Net current period other comprehensive income (51 ) 184 133 Ending balance, September 30, $ 7,105 $ (12,536 ) $ (5,431 ) Unrealized gains and 2017 (Losses) on Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, January 1, $ (1,077 ) $ (13,087 ) $ (14,164 ) Change in other comprehensive income (loss) before reclassification 8,211 — 8,211 Amounts reclassified from accumulated other comprehensive income (29 ) 551 522 Net current period other comprehensive income 8,182 551 8,733 Ending balance, September 30, $ 7,105 $ (12,536 ) $ (5,431 ) Balance at Current Period Balance at (Dollar amounts in thousands) 7/1/2018 Change 9/30/2018 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ (11,592 ) $ (3,710 ) $ (15,302 ) Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 1,967 8 1,975 Total unrealized loss on securities available-for-sale $ (9,625 ) $ (3,702 ) $ (13,327 ) Unrealized loss on retirement plans (19,264 ) 281 (18,983 ) TOTAL $ (28,889 ) $ (3,421 ) $ (32,310 ) Balance at Current Period Balance at (Dollar amounts in thousands) 1/1/2018 Change 9/30/2018 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ (1,371 ) $ (13,931 ) $ (15,302 ) Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 3,629 (1,654 ) 1,975 Total unrealized loss on securities available-for-sale $ 2,258 $ (15,585 ) $ (13,327 ) Unrealized loss on retirement plans (16,962 ) (2,021 ) (18,983 ) TOTAL $ (14,704 ) $ (17,606 ) $ (32,310 ) Balance at Current Period Balance at (Dollar amounts in thousands) 7/1/2017 Change 9/30/2017 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ 5,129 $ (993 ) $ 4,136 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 2,027 942 2,969 Total unrealized loss on securities available-for-sale $ 7,156 $ (51 ) $ 7,105 Unrealized loss on retirement plans (12,720 ) 184 (12,536 ) TOTAL $ (5,564 ) $ 133 $ (5,431 ) Balance at Current Period Balance at (Dollar amounts in thousands) 1/1/2017 Change 9/30/2017 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ (3,018 ) $ 7,154 $ 4,136 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 1,941 1,028 2,969 Total unrealized loss on securities available-for-sale $ (1,077 ) $ 8,182 $ 7,105 Unrealized loss on retirement plans (13,087 ) 551 (12,536 ) TOTAL $ (14,164 ) $ 8,733 $ (5,431 ) Three Months Ended September 30, 2018 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 $ 3 Net securities gains (losses) on available-for-sale (1 ) Income tax expense securities $ 2 Net of tax Amortization of $ (362 ) (a) Salary and benefits retirement plan items 81 Income tax expense $ (281 ) Net of tax Total reclassifications for the period $ (279 ) Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 6 for additional details). Nine Months Ended September 30, 2018 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 $ 5 Net securities gains (losses) on available-for-sale (1 ) Income tax expense securities $ 4 Net of tax Amortization of $ (1,085 ) (a) Salary and benefits retirement plan items 242 Income tax expense $ (843 ) Net of tax Total reclassifications for the period $ (839 ) Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 6 for additional details). Three Months Ended September 30, 2017 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 $ 27 Net securities gains (losses) on available-for-sale (9 ) Income tax expense securities $ 18 Net of tax Amortization of $ (301 ) (a) Salary and benefits retirement plan items 117 Income tax expense $ (184 ) Net of tax Total reclassifications for the period $ (166 ) Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 6 for additional details). Nine Months Ended September 30, 2017 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 $ 44 Net securities gains (losses) on available-for-sale (15 ) Income tax expense securities $ 29 Net of tax Amortization of $ (903 ) (a) Salary and benefits retirement plan items 352 Income tax expense $ (551 ) Net of tax Total reclassifications for the period $ (522 ) Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 6 for additional details). |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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 September 30. Allowance for Loan Losses: September 30, 2018 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 9,498 $ 1,382 $ 7,131 $ 2,060 $ 20,071 Provision for loan losses (106 ) (44 ) 1,593 27 1,470 Loans charged -off (409 ) (158 ) (1,781 ) — (2,348 ) Recoveries 354 160 594 — 1,108 Ending Balance $ 9,337 $ 1,340 $ 7,537 $ 2,087 $ 20,301 Allowance for Loan Losses: September 30, 2017 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 10,223 $ 1,514 $ 6,218 $ 1,725 $ 19,680 Provision for loan losses (227 ) 14 1,415 (17 ) 1,185 Loans charged -off (281 ) (100 ) (1,583 ) — (1,964 ) Recoveries 222 91 588 — 901 Ending Balance $ 9,937 $ 1,519 $ 6,638 $ 1,708 $ 19,802 |
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 September 30, 2018 and December 31, 2017 . Allowance for Loan Losses September 30, 2018 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Individually evaluated for impairment $ 34 $ — $ — $ — $ 34 Collectively evaluated for impairment 9,303 1,340 7,537 2,087 20,267 Acquired with deteriorated credit quality — — — — — Ending Balance $ 9,337 $ 1,340 $ 7,537 $ 2,087 $ 20,301 Loans: September 30, 2018 (Dollar amounts in thousands) Commercial Residential Consumer Total Individually evaluated for impairment $ 5,063 $ 4,372 $ — $ 9,435 Collectively evaluated for impairment 1,151,707 440,335 346,583 1,938,625 Acquired with deteriorated credit quality 1,527 — — 1,527 Ending Balance $ 1,158,297 $ 444,707 $ 346,583 $ 1,949,587 Allowance for Loan Losses: December 31, 2017 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Individually evaluated for impairment 619 6 — — 625 Collectively evaluated for impairment 9,662 1,449 6,709 1,464 19,284 Acquired with deteriorated credit quality — — — — — Ending Balance $ 10,281 $ 1,455 $ 6,709 $ 1,464 $ 19,909 Loans December 31, 2017 (Dollar amounts in thousands) Commercial Residential Consumer Total Individually evaluated for impairment 9,619 463 — 10,082 Collectively evaluated for impairment 1,134,701 436,944 329,435 1,901,080 Acquired with deteriorated credit quality 1,860 — — 1,860 Ending Balance $ 1,146,180 $ 437,407 $ 329,435 $ 1,913,022 |
Schedule of loans individually evaluated for impairment by class of loans | The following tables present loans individually evaluated for impairment by class of loans. September 30, 2018 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 $ 652 $ 652 $ — $ 725 $ — $ — Farmland 3,083 3,083 — 1,468 — — Non Farm, Non Residential — — — 1,803 — — Agriculture 212 12 — 61 — — All Other Commercial 1,142 1,142 — 1,187 — — Residential First Liens 4,372 4,372 — 3,110 — — Home Equity — — — — — — Junior Liens — — — 29 — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 174 174 34 405 — — Farmland — — — 2,061 — — Non Farm, Non Residential — — — — — — Agriculture — — — 309 — — All Other Commercial — — — — — — Residential First Liens — — — 111 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 9,635 $ 9,435 $ 34 $ 11,269 $ — $ — December 31, 2017 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 $ 802 $ 802 $ — $ 971 $ — $ — Farmland 930 930 — 1,265 — — Non Farm, Non Residential 2,461 2,461 — 2,781 — — Agriculture 123 123 — 239 — — All Other Commercial 1,238 1,238 — 1,308 — — Residential First Liens 21 21 — 23 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 493 493 146 514 — — Farmland 3,035 3,035 268 669 — — Non Farm, Non Residential — — — 131 — Agriculture 738 537 205 279 — — All Other Commercial — — — — — — Residential First Liens 442 442 6 483 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 10,283 $ 10,082 $ 625 $ 8,663 $ — $ — |
Schedule of non-performing loans | The tables below presents the recorded investment in non-performing loans. September 30, 2018 Loans Past Due Over 90 Day Still Troubled Debt Restructured Nonaccrual Excluding (Dollar amounts in thousands) Accruing Accruing Nonaccrual TDR Commercial Commercial & Industrial $ 41 $ 1 $ 202 $ 1,096 Farmland — — — 3,258 Non Farm, Non Residential — — — 88 Agriculture — — — 27 All Other Commercial — — — 1,147 Residential First Liens 1,063 3,343 564 3,518 Home Equity 12 — — 75 Junior Liens 18 57 — 68 Multifamily — — — — All Other Residential — — — 66 Consumer Motor Vehicle 259 2 — 179 All Other Consumer — 187 475 513 TOTAL $ 1,393 $ 3,590 $ 1,241 $ 10,035 December 31, 2017 Loans Past Due Over 90 Day Still Troubled Debt Restructured Nonaccrual Excluding (Dollar amounts in thousands) Accruing Accruing Nonaccrual TDR Commercial Commercial & Industrial $ 41 $ 2 $ 212 $ 1,679 Farmland 19 — — 4,141 Non Farm, Non Residential — 56 2,440 172 Agriculture — — — 707 All Other Commercial — — — 1,236 Residential First Liens 1,011 3,105 575 3,972 Home Equity 8 — — 249 Junior Liens 137 — — 134 Multifamily — — — — All Other Residential — — — 90 Consumer Motor Vehicle 268 9 — 242 All Other Consumer — 177 527 623 TOTAL $ 1,484 $ 3,349 $ 3,754 $ 13,245 |
Troubled Debt Restructurings on Financing Receivables | During the three and nine months ended September 30, 2018 and 2017 , the terms of certain loans were modified as troubled debt restructurings (TDRs). The following tables present the activity for TDRs. 2018 (Dollar amounts in thousands) Commercial Residential Consumer Total July 1, $ 2,577 $ 3,607 $ 635 $ 6,819 Added — 538 94 632 Charged Off — — (7 ) (7 ) Payments (2,374 ) (165 ) (58 ) (2,597 ) September 30, $ 203 $ 3,980 $ 664 $ 4,847 2018 (Dollar amounts in thousands) Commercial Residential Consumer Total January 1, $ 2,709 $ 3,611 $ 714 $ 7,034 Added — 751 237 988 Charged Off — (16 ) (83 ) (99 ) Payments (2,506 ) (366 ) (204 ) (3,076 ) September 30, $ 203 $ 3,980 $ 664 $ 4,847 2017 (Dollar amounts in thousands) Commercial Residential Consumer Total July 1, 3,061 4,198 725 7,984 Added — — 42 42 Charged Off — (155 ) (17 ) (172 ) Payments (153 ) (222 ) (55 ) (430 ) September 30, 2,908 3,821 695 7,424 2017 (Dollar amounts in thousands) Commercial Residential Consumer Total January 1, 3,386 4,447 732 8,565 Added — 227 251 478 Charged Off — (195 ) (88 ) (283 ) Payments (478 ) (658 ) (200 ) (1,336 ) September 30, 2,908 3,821 695 7,424 |
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. September 30, 2018 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 $ 765 $ 487 $ 481 $ 1,733 $ 507,758 $ 509,491 Farmland — 8 3,198 3,206 103,902 107,108 Non Farm, Non Residential 20 31 26 77 188,673 188,750 Agriculture — — 11 11 142,700 142,711 All Other Commercial 4 — — 4 210,233 210,237 Residential First Liens 528 446 1,939 2,913 236,246 239,159 Home Equity 203 80 81 364 37,449 37,813 Junior Liens 138 53 18 209 47,866 48,075 Multifamily — — — — 107,179 107,179 All Other Residential — — — — 12,481 12,481 Consumer Motor Vehicle 5,092 861 299 6,252 313,132 319,384 All Other Consumer 106 10 3 119 27,080 27,199 TOTAL $ 6,856 $ 1,976 $ 6,056 $ 14,888 $ 1,934,699 $ 1,949,587 December 31, 2017 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 $ 372 $ 80 $ 640 $ 1,092 $ 474,709 $ 475,801 Farmland 341 — 3,671 4,012 104,457 108,469 Non Farm, Non Residential 141 — — 141 200,804 200,945 Agriculture 141 — 561 702 152,388 153,090 All Other Commercial — — — — 207,875 207,875 Residential First Liens 5,467 1,317 1,434 8,218 247,029 255,247 Home Equity 310 46 8 364 35,752 36,116 Junior Liens 274 106 194 574 41,688 42,262 Multifamily — — — — 90,141 90,141 All Other Residential 300 — 12 312 13,329 13,641 Consumer Motor Vehicle 4,770 697 294 5,761 298,211 303,972 All Other Consumer 107 22 — 129 25,334 25,463 TOTAL $ 12,223 $ 2,268 $ 6,814 $ 21,305 $ 1,891,717 $ 1,913,022 |
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 those with an outstanding balance less than $100 thousand or are included in groups of homogeneous loans. As of September 30, 2018 and December 31, 2017 , and based on the most recent analysis performed, the risk category of loans by class of loans are as follows: September 30, 2018 (Dollar amounts in thousands) Pass Special Mention Substandard Doubtful Not Rated Total Commercial Commercial & Industrial $ 462,286 $ 21,079 $ 16,145 $ — $ 8,327 $ 507,837 Farmland 88,960 7,655 8,427 — 20 105,062 Non Farm, Non Residential 172,165 5,620 10,531 — — 188,316 Agriculture 113,536 9,823 16,405 — 456 140,220 All Other Commercial 200,398 43 6,923 — 1,737 209,101 Residential First Liens 44,443 971 3,935 — 188,857 238,206 Home Equity 673 — 120 — 36,952 37,745 Junior Liens 2,041 76 171 76 45,598 47,962 Multifamily 106,891 — — — 19 106,910 All Other Residential — — 15 — 12,426 12,441 Consumer Motor Vehicle — — 674 — 317,387 318,061 All Other Consumer — — 43 — 27,028 27,071 TOTAL $ 1,191,393 $ 45,267 $ 63,389 $ 76 $ 638,807 $ 1,938,932 December 31, 2017 (Dollar amounts in thousands) Pass Special Mention Substandard Doubtful Not Rated Total Commercial Commercial & Industrial $ 430,015 $ 19,889 $ 18,611 $ 38 $ 5,947 $ 474,500 Farmland 88,338 10,782 7,466 — 10 106,596 Non Farm, Non Residential 179,181 7,689 13,632 — — 200,502 Agriculture 111,724 17,482 21,388 — 342 150,936 All Other Commercial 194,170 2,723 7,459 — 2,604 206,956 Residential First Liens 45,320 750 3,980 5 204,329 254,384 Home Equity 319 — 64 — 35,653 36,036 Junior Liens 1,882 76 342 100 39,755 42,155 Multifamily 89,936 — — — 36 89,972 All Other Residential — — 67 — 13,529 13,596 Consumer Motor Vehicle — — 731 — 301,900 302,631 All Other Consumer — — 44 — 25,301 25,345 TOTAL $ 1,140,885 $ 59,391 $ 73,784 $ 143 $ 629,406 $ 1,903,609 |
Securities (Tables)
Securities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Investments, Debt and Equity Securities [Abstract] | |
Amortized cost and fair value of investments classified as available-for-sale | September 30, 2018 (Dollar amounts in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government agencies $ 13,042 $ 2 $ (571 ) $ 12,473 Mortgage Backed Securities - residential 189,999 798 (6,146 ) 184,651 Collateralized mortgage obligations 368,486 26 (13,965 ) 354,547 State and municipal obligations 231,565 1,764 (2,730 ) 230,599 Collateralized debt obligations 179 3,244 — 3,423 TOTAL $ 803,271 $ 5,834 $ (23,412 ) $ 785,693 December 31, 2017 (Dollar amounts in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government agencies $ 13,989 $ 24 $ (318 ) $ 13,695 Mortgage Backed Securities-residential 215,079 2,071 (1,812 ) 215,338 Mortgage Backed Securities-commercial 1 — — 1 Collateralized mortgage obligations 346,005 370 (6,705 ) 339,670 State and municipal obligations 227,651 4,671 (700 ) 231,622 Collateralized debt obligations 8,644 5,961 — 14,605 TOTAL $ 811,369 $ 13,097 $ (9,535 ) $ 814,931 |
Schedule of contractual maturities of debt securities | Contractual maturities of debt securities at September 30, 2018 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 $ 3,965 $ 3,961 Due after one but within five years 32,844 33,151 Due after five but within ten years 74,009 74,647 Due after ten years 133,968 134,736 244,786 246,495 Mortgage-backed securities and collateralized mortgage obligations 558,485 539,198 TOTAL $ 803,271 $ 785,693 |
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 September 30, 2018 and December 31, 2017 . September 30, 2018 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 U.S. Government agencies $ — $ — $ 11,782 $ (571 ) $ 11,782 $ (571 ) Mortgage Backed Securities - Residential $ 104,404 $ (3,323 ) $ 52,106 $ (2,823 ) $ 156,510 $ (6,146 ) Collateralized mortgage obligations 191,204 (4,317 ) 158,396 (9,648 ) 349,600 (13,965 ) State and municipal obligations 96,736 (1,627 ) 21,574 (1,103 ) 118,310 (2,730 ) Total temporarily impaired securities $ 392,344 $ (9,267 ) $ 243,858 $ (14,145 ) $ 636,202 $ (23,412 ) December 31, 2017 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 $ 9,321 $ (86 ) $ 3,538 $ (232 ) $ 12,859 $ (318 ) Mortgage Backed Securities - Residential $ 79,918 $ (425 ) $ 53,815 $ (1,387 ) $ 133,733 $ (1,812 ) Collateralized mortgage obligations 150,182 (1,418 ) 146,750 (5,287 ) 296,932 (6,705 ) State and municipal obligations 27,347 (183 ) 18,660 (517 ) 46,007 (700 ) Total temporarily impaired securities $ 266,768 $ (2,112 ) $ 222,763 $ (7,423 ) $ 489,531 $ (9,535 ) |
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 nine month periods ended September 30, 2018 and 2017 : Three Months Ended September 30, Nine Months Ended September 30, (Dollar amounts in thousands) 2018 2017 2018 2017 Beginning balance $ 2,974 $ 7,132 $ 7,132 $ 13,974 Increases to the amount related to the credit Loss for which other-than-temporary was previously recognized — — — — Reductions for increases in cash flows collected — — — Reductions for securities called during the period — — (4,158 ) (6,842 ) Ending balance $ 2,974 $ 7,132 $ 2,974 $ 7,132 |
Fair Value (Tables)
Fair Value (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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). September 30, 2018 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total U.S. Government agencies $ — $ 12,473 $ — $ 12,473 Mortgage Backed Securities-residential — 184,651 — 184,651 Collateralized mortgage obligations — 354,547 — 354,547 State and municipal — 227,464 3,135 230,599 Collateralized debt obligations — — 3,423 3,423 TOTAL $ — $ 779,135 $ 6,558 $ 785,693 Derivative Assets 687 Derivative Liabilities (687 ) December 31, 2017 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total U.S. Government agencies $ — $ 13,695 $ — $ 13,695 Mortgage Backed Securities-residential — 215,338 — 215,338 Mortgage Backed Securities-commercial — 1 — 1 Collateralized mortgage obligations — 339,670 — 339,670 State and municipal — 227,942 3,680 231,622 Collateralized debt obligations — — 14,605 14,605 TOTAL $ — $ 796,646 $ 18,285 $ 814,931 Derivative Assets 298 Derivative Liabilities (298 ) |
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 nine months ended September 30, 2018 and the year ended December 31, 2017 . Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Three Months Ended September 30, 2018 (Dollar amounts in thousands) State and municipal obligations Collateralized debt obligations Total Beginning balance, July 1 $ 3,135 $ 3,450 $ 6,585 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — 13 13 Transfers — — — Settlements — (40 ) (40 ) Ending balance, September 30 $ 3,135 $ 3,423 $ 6,558 Nine Months Ended September 30, 2018 (Dollar amounts in thousands) State and Collateralized Total Beginning balance, January 1 $ 3,680 $ 14,605 $ 18,285 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — 4,158 4,158 Transfers — — — Settlements (545 ) (15,340 ) (15,885 ) Ending balance, September 30 $ 3,135 $ 3,423 $ 6,558 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Year Ended December 31, 2017 (Dollar amounts in thousands) State and municipal obligations Collateralized debt obligations Total Beginning balance, January 1 $ 4,210 $ 12,368 $ 16,578 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — 2,773 2,773 Purchases — — — Settlements (530 ) (536 ) (1,066 ) Ending balance, December 31 $ 3,680 $ 14,605 $ 18,285 |
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 September 30, 2018 . (Dollar amounts in thousands) Fair Value Valuation Technique(s) Unobservable Input(s) Range State and municipal obligations $ 3,135 Discounted cash flow Discount rate 2.64%-4.80% 0% Other real estate $ 520 Sales comparison/income approach Discount rate for age of appraisal and market conditions 5.00%-20.00% Impaired Loans $ 140 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, 2017 . (Dollar amounts in thousands) Fair Value Valuation Technique(s) Unobservable Input(s) Range State and municipal obligations $ 3,680 Discounted cash flow Discount rate 2.30%-5.45% 0% Other real estate $ 1,880 Sales comparison/income approach Discount rate for age of appraisal and market conditions 5.00%-20.00% Impaired Loans 3,882 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 September 30, 2018 and December 31, 2017 , which are all considered Level 3. September 30, 2018 (Dollar amounts in thousands) Carrying Value Allowance for Loan Losses Allocated Fair Value Commercial Commercial & Industrial $ 174 $ 34 $ 140 Farmland — — — Non Farm, Non Residential — — — Agriculture — — — All Other Commercial — — — Residential First Liens — — — Home Equity — — — Junior Liens — — — Multifamily — — — All Other Residential — — — Consumer Motor Vehicle — — — All Other Consumer — — — TOTAL $ 174 $ 34 $ 140 December 31, 2017 (Dollar amounts in thousands) Carrying Value Allowance for Loan Losses Allocated Fair Value Commercial Commercial & Industrial $ 493 $ 146 $ 347 Farmland 3,035 268 2,767 Non Farm, Non Residential — — — Agriculture 537 205 — All Other Commercial — — — Residential First Liens 442 6 436 Home Equity — — — Junior Liens — — — Multifamily — — — All Other Residential — — — Consumer Motor Vehicle — — — All Other Consumer — — — TOTAL $ 4,507 $ 625 $ 3,882 |
Schedule of carrying amount and estimated fair value of financial instruments | The fair value of off-balance sheet items is not considered material. September 30, 2018 Carrying Fair Value (Dollar amounts in thousands) Value Level 1 Level 2 Level 3 Total Cash and due from banks $ 50,018 $ 19,029 $ 30,989 $ — $ 50,018 Federal funds sold 7,600 — 7,600 — 7,600 Securities available-for-sale 785,693 — 779,135 6,558 785,693 Restricted stock 10,390 n/a n/a n/a n/a Loans, net 1,921,479 — — 1,874,643 1,874,643 Accrued interest receivable 14,630 — 4,070 10,560 14,630 Deposits (2,407,061 ) — (2,394,553 ) — (2,394,553 ) Short-term borrowings (58,680 ) — (58,680 ) — (58,680 ) Federal Home Loan Bank advances (35,000 ) — (35,000 ) — (35,000 ) Accrued interest payable (530 ) — (530 ) — (530 ) December 31, 2017 Carrying Fair Value (Dollar amounts in thousands) Value Level 1 Level 2 Level 3 Total Cash and due from banks $ 74,107 $ 20,682 $ 53,425 $ — $ 74,107 Securities available-for-sale 814,931 — 796,646 18,285 814,931 Restricted stock 10,379 n/a n/a n/a n/a Loans, net 1,886,852 — — 1,878,166 1,878,166 Accrued interest receivable 12,913 — 3,596 9,317 12,913 Deposits (2,458,653 ) — (2,456,900 ) — (2,456,900 ) Short-term borrowings (57,686 ) — (57,686 ) — (57,686 ) Accrued interest payable (372 ) — (372 ) — (372 ) |
Short-Term Borrowings (Tables)
Short-Term Borrowings (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Short-term Debt [Abstract] | |
Schedule of short-term borrowings | Period–end short-term borrowings were comprised of the following: (000 's) September 30, 2018 December 31, 2017 Federal Funds Purchased $ 33,000 $ 30,165 Repurchase Agreements 25,680 27,521 $ 58,680 $ 57,686 |
Components of Net Periodic Be_2
Components of Net Periodic Benefit Cost (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Retirement Benefits [Abstract] | |
Schedule of Net Benefit Costs | Three Months Ended September 30, Nine Months Ended September 30, (000's) (000's) Pension Benefits Post-Retirement Health Benefits Pension Benefits Post-Retirement Health Benefits 2018 2017 2018 2017 2018 2017 2018 2017 Service cost $ 347 $ 358 $ 10 $ 13 $ 1,041 $ 1,074 $ 31 $ 40 Interest cost 798 905 33 43 2,395 2,716 98 129 Expected return on plan assets (991 ) (985 ) — — (2,972 ) (2,955 ) — — Net amortization of prior service cost — — — — 1 1 — — Net amortization of net (gain) loss 362 301 — — 1,085 903 — — Net Periodic Benefit Cost $ 516 $ 579 $ 43 $ 56 $ 1,550 $ 1,739 $ 129 $ 169 |
Acquisitions and FDIC Indemni_2
Acquisitions and FDIC Indemnification Asset (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Business Combinations [Abstract] | |
Schedule of carrying amount of covered assets | 2018 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, July 1, $ 1,598 $ — $ 1,598 Discount accretion — — — Disposals (16 ) — (16 ) ASC 310-30 Loans, September 30, $ 1,582 $ — $ 1,582 2018 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, January 1, $ 1,896 $ — $ 1,896 Discount accretion — — — Disposals (314 ) — (314 ) ASC 310-30 Loans, September 30, $ 1,582 $ — $ 1,582 2017 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, July 1, $ 1,983 $ — $ 1,983 Discount accretion — — — Disposals (47 ) — (47 ) ASC 310-30 Loans, September 30, $ 1,936 $ — $ 1,936 2017 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, January 1, $ 3,451 $ 1,430 $ 4,881 Discount accretion — — — Disposals (1,515 ) (1,430 ) (2,945 ) ASC 310-30 Loans, September 30, $ 1,936 $ — $ 1,936 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Schedule of Accumulated Other Comprehensive Income | The following tables summarize the changes, net of tax, within each classification of accumulated other comprehensive income/(loss) for the three and nine months ended September 30, 2018 and 2017 . Unrealized gains and 2018 (Losses) on available- for-sale Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, July 1, $ (9,625 ) $ (19,264 ) $ (28,889 ) Change in other comprehensive income (loss) before reclassification (3,700 ) — (3,700 ) Amounts reclassified from accumulated other comprehensive income (2 ) 281 279 Net current period other comprehensive income (loss) (3,702 ) 281 (3,421 ) Ending balance, September 30, $ (13,327 ) $ (18,983 ) $ (32,310 ) Unrealized gains and 2018 (Losses) on Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, January 1, $ 2,258 $ (16,962 ) $ (14,704 ) Change in other comprehensive income (loss) before reclassification (16,079 ) — (16,079 ) Amounts reclassified from accumulated other comprehensive income (4 ) 843 839 Net current period other comprehensive loss (16,083 ) 843 (15,240 ) ASU 2018-02 adjustment 498 (2,864 ) (2,366 ) Ending balance, September 30, $ (13,327 ) $ (18,983 ) $ (32,310 ) Unrealized gains and 2017 (Losses) on available- for-sale Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, July 1, $ 7,156 $ (12,720 ) $ (5,564 ) Change in other comprehensive income (loss) before reclassification (33 ) — (33 ) Amounts reclassified from accumulated other comprehensive income (18 ) 184 166 Net current period other comprehensive income (51 ) 184 133 Ending balance, September 30, $ 7,105 $ (12,536 ) $ (5,431 ) Unrealized gains and 2017 (Losses) on Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, January 1, $ (1,077 ) $ (13,087 ) $ (14,164 ) Change in other comprehensive income (loss) before reclassification 8,211 — 8,211 Amounts reclassified from accumulated other comprehensive income (29 ) 551 522 Net current period other comprehensive income 8,182 551 8,733 Ending balance, September 30, $ 7,105 $ (12,536 ) $ (5,431 ) |
Schedule Of Accumulated Other Comprehensive Income Loss Other Than Temporary Impairment | Balance at Current Period Balance at (Dollar amounts in thousands) 1/1/2018 Change 9/30/2018 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ (1,371 ) $ (13,931 ) $ (15,302 ) Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 3,629 (1,654 ) 1,975 Total unrealized loss on securities available-for-sale $ 2,258 $ (15,585 ) $ (13,327 ) Unrealized loss on retirement plans (16,962 ) (2,021 ) (18,983 ) TOTAL $ (14,704 ) $ (17,606 ) $ (32,310 ) Balance at Current Period Balance at (Dollar amounts in thousands) 7/1/2017 Change 9/30/2017 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ 5,129 $ (993 ) $ 4,136 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 2,027 942 2,969 Total unrealized loss on securities available-for-sale $ 7,156 $ (51 ) $ 7,105 Unrealized loss on retirement plans (12,720 ) 184 (12,536 ) TOTAL $ (5,564 ) $ 133 $ (5,431 ) Balance at Current Period Balance at (Dollar amounts in thousands) 1/1/2017 Change 9/30/2017 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ (3,018 ) $ 7,154 $ 4,136 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 1,941 1,028 2,969 Total unrealized loss on securities available-for-sale $ (1,077 ) $ 8,182 $ 7,105 Unrealized loss on retirement plans (13,087 ) 551 (12,536 ) TOTAL $ (14,164 ) $ 8,733 $ (5,431 ) |
Accumulated Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent | Three Months Ended September 30, 2018 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 $ 3 Net securities gains (losses) on available-for-sale (1 ) Income tax expense securities $ 2 Net of tax Amortization of $ (362 ) (a) Salary and benefits retirement plan items 81 Income tax expense $ (281 ) Net of tax Total reclassifications for the period $ (279 ) Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 6 for additional details). Nine Months Ended September 30, 2018 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 $ 5 Net securities gains (losses) on available-for-sale (1 ) Income tax expense securities $ 4 Net of tax Amortization of $ (1,085 ) (a) Salary and benefits retirement plan items 242 Income tax expense $ (843 ) Net of tax Total reclassifications for the period $ (839 ) Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 6 for additional details). Three Months Ended September 30, 2017 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 $ 27 Net securities gains (losses) on available-for-sale (9 ) Income tax expense securities $ 18 Net of tax Amortization of $ (301 ) (a) Salary and benefits retirement plan items 117 Income tax expense $ (184 ) Net of tax Total reclassifications for the period $ (166 ) Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 6 for additional details). |
Significant Accounting Polici_2
Significant Accounting Policies (Details Textual) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018USD ($)segmentshares | Sep. 30, 2017USD ($)shares | |
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 | 17,220 | 16,562 |
Grant date value | $ | $ 784 | $ 773 |
Allowance for Loan Losses (Deta
Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |||||
Allowance for Loan Losses: | ||||||||
Beginning balance | $ 20,071 | $ 19,680 | $ 19,909 | $ 18,773 | ||||
Provision for loan losses | 1,470 | [1] | 1,185 | [2] | 4,298 | [1] | 3,821 | [2] |
Loans charged off | (2,348) | (1,964) | (6,692) | (6,328) | ||||
Recoveries | 1,108 | 901 | 2,786 | 3,536 | ||||
Ending Balance | 20,301 | 19,802 | 20,301 | 19,802 | ||||
Commercial Portfolio Segment [Member] | ||||||||
Allowance for Loan Losses: | ||||||||
Beginning balance | 9,498 | 10,223 | 10,281 | 9,731 | ||||
Provision for loan losses | (106) | [1] | (227) | [2] | (443) | [1] | 176 | [2] |
Loans charged off | (409) | (281) | (1,053) | (1,059) | ||||
Recoveries | 354 | 222 | 552 | 1,089 | ||||
Ending Balance | 9,337 | 9,937 | 9,337 | 9,937 | ||||
Residential Portfolio Segment [Member] | ||||||||
Allowance for Loan Losses: | ||||||||
Beginning balance | 1,382 | 1,514 | 1,455 | 1,553 | ||||
Provision for loan losses | (44) | [1] | 14 | [2] | 56 | [1] | (166) | [2] |
Loans charged off | (158) | (100) | (632) | (564) | ||||
Recoveries | 160 | 91 | 461 | 696 | ||||
Ending Balance | 1,340 | 1,519 | 1,340 | 1,519 | ||||
Consumer Portfolio Segment [Member] | ||||||||
Allowance for Loan Losses: | ||||||||
Beginning balance | 7,131 | 6,218 | 6,709 | 5,767 | ||||
Provision for loan losses | 1,593 | [1] | 1,415 | [2] | 4,062 | [1] | 3,825 | [2] |
Loans charged off | (1,781) | (1,583) | (5,007) | (4,705) | ||||
Recoveries | 594 | 588 | 1,773 | 1,751 | ||||
Ending Balance | 7,537 | 6,638 | 7,537 | 6,638 | ||||
Unallocated | ||||||||
Allowance for Loan Losses: | ||||||||
Beginning balance | 2,060 | 1,725 | 1,464 | 1,722 | ||||
Provision for loan losses | 27 | [1] | (17) | [2] | 623 | [1] | (14) | [2] |
Loans charged off | 0 | 0 | 0 | 0 | ||||
Recoveries | 0 | 0 | 0 | 0 | ||||
Ending Balance | $ 2,087 | $ 1,708 | $ 2,087 | $ 1,708 | ||||
[1] | {F|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjMyMDUzNDliNTBhNTRkZThhMmZhYmY4Nzc1ZDIxYjBlfFRleHRTZWxlY3Rpb246NzcyMURDMDdBMTczQzgyRTg3RkJDNDk5MDM1MTgwOTcM} | |||||||
[2] | {F|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjMyMDUzNDliNTBhNTRkZThhMmZhYmY4Nzc1ZDIxYjBlfFRleHRTZWxlY3Rpb246MDI3QTVCODJBOUEwQTlCMDZFMDBDNDk5MDI4NjNBQ0EM} |
Allowance for Loan Losses (De_2
Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Ending Balance Attributable to Loans | ||||||
Individually evaluated for impairment | $ 34 | $ 625 | ||||
Collectively evaluated for impairment | 20,267 | 19,284 | ||||
Ending Balance | 20,301 | $ 20,071 | 19,909 | $ 19,802 | $ 19,680 | $ 18,773 |
Loans | ||||||
Individually evaluated for impairment | 9,435 | 10,082 | ||||
Collectively evaluated for impairment | 1,938,625 | 1,901,080 | ||||
Total | 1,949,587 | 1,913,022 | ||||
Commercial Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Individually evaluated for impairment | 34 | 619 | ||||
Collectively evaluated for impairment | 9,303 | 9,662 | ||||
Ending Balance | 9,337 | 9,498 | 10,281 | 9,937 | 10,223 | 9,731 |
Loans | ||||||
Individually evaluated for impairment | 5,063 | 9,619 | ||||
Collectively evaluated for impairment | 1,151,707 | 1,134,701 | ||||
Total | 1,158,297 | 1,146,180 | ||||
Residential Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Individually evaluated for impairment | 0 | 6 | ||||
Collectively evaluated for impairment | 1,340 | 1,449 | ||||
Ending Balance | 1,340 | 1,382 | 1,455 | 1,519 | 1,514 | 1,553 |
Loans | ||||||
Individually evaluated for impairment | 4,372 | 463 | ||||
Collectively evaluated for impairment | 440,335 | 436,944 | ||||
Total | 444,707 | 437,407 | ||||
Consumer Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 7,537 | 6,709 | ||||
Ending Balance | 7,537 | 7,131 | 6,709 | 6,638 | 6,218 | 5,767 |
Loans | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 346,583 | 329,435 | ||||
Total | 346,583 | 329,435 | ||||
Unallocated | ||||||
Ending Balance Attributable to Loans | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 2,087 | 1,464 | ||||
Ending Balance | 2,087 | $ 2,060 | 1,464 | $ 1,708 | $ 1,725 | $ 1,722 |
Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | ||||
Loans | ||||||
Financing Receivable, Net | 1,527 | 1,860 | ||||
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | ||||
Loans | ||||||
Financing Receivable, Net | 1,527 | 1,860 | ||||
Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | ||||
Loans | ||||||
Financing Receivable, Net | 0 | 0 | ||||
Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | ||||
Loans | ||||||
Financing Receivable, Net | 0 | 0 | ||||
Financial Asset Acquired with Credit Deterioration [Member] | Unallocated | ||||||
Ending Balance Attributable to Loans | ||||||
Financing Receivable, Allowance for Credit Losses | $ 0 | $ 0 |
Allowance for Loan Losses (De_3
Allowance for Loan Losses (Details 2) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Unpaid Principal Balance | |||||
TOTAL | $ 9,635 | $ 9,635 | $ 10,283 | ||
Recorded Investment | |||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 140 | 140 | 3,882 | ||
Fair value | 9,435 | 9,435 | 10,082 | ||
Allowance For Loan Losses Allocated | |||||
TOTAL | 34 | 34 | 625 | ||
Average Recorded Investment | |||||
TOTAL | 10,707 | $ 9,388 | 11,269 | $ 8,309 | 8,663 |
Interest Income Recognized | |||||
TOTAL | 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: | 652 | 652 | 802 | ||
With an allowance recorded: | 174 | 174 | 493 | ||
Recorded Investment | |||||
With no related allowance recorded: | 652 | 652 | 802 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 174 | 174 | 493 | ||
Fair value | 140 | 140 | 347 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 34 | 34 | 146 | ||
Average Recorded Investment | |||||
With no related allowance recorded: | 662 | 891 | 725 | 1,013 | 971 |
With an allowance recorded: | 323 | 508 | 405 | 519 | 514 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Farmland | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 3,083 | 3,083 | 930 | ||
With an allowance recorded: | 0 | 0 | 3,035 | ||
Recorded Investment | |||||
With no related allowance recorded: | 3,083 | 3,083 | 930 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 3,035 | ||
Fair value | 0 | 0 | 2,767 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 268 | ||
Average Recorded Investment | |||||
With no related allowance recorded: | 2,007 | 2,285 | 1,468 | 1,349 | 1,265 |
With an allowance recorded: | 1,081 | 156 | 2,061 | 78 | 669 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Non Farm, Non Residential | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 0 | 0 | 2,461 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 2,461 | ||
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 | |||||
With no related allowance recorded: | 1,165 | 3,218 | 1,803 | 2,861 | 2,781 |
With an allowance recorded: | 0 | 0 | 0 | 164 | 131 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Agriculture | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 212 | 212 | 123 | ||
With an allowance recorded: | 0 | 0 | 738 | ||
Recorded Investment | |||||
With no related allowance recorded: | 12 | 12 | 123 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 537 | ||
Fair value | 0 | 0 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 205 | ||
Average Recorded Investment | |||||
With no related allowance recorded: | 6 | 107 | 61 | 268 | 239 |
With an allowance recorded: | 80 | 430 | 309 | 215 | 279 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
All Other Commercial | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 1,142 | 1,142 | 1,238 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 1,142 | 1,142 | 1,238 | ||
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 | |||||
With no related allowance recorded: | 1,156 | 1,297 | 1,187 | 1,325 | 1,308 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
First Liens | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 4,372 | 4,372 | 21 | ||
With an allowance recorded: | 0 | 0 | 442 | ||
Recorded Investment | |||||
With no related allowance recorded: | 4,372 | 4,372 | 21 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 442 | ||
Fair value | 0 | 0 | 436 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 6 | ||
Average Recorded Investment | |||||
With no related allowance recorded: | 4,188 | 23 | 3,110 | 24 | 23 |
With an allowance recorded: | 0 | 473 | 111 | 493 | 483 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 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 | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 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 | |||||
With no related allowance recorded: | 39 | 0 | 29 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 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 | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 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 | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 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 | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 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 | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Allowance for Loan Losses (De_4
Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | $ 9,435 | $ 10,082 | ||||
Financing Receivable, Modifications, Recorded Investment | 4,847 | $ 6,819 | 7,034 | $ 7,424 | $ 7,984 | $ 8,565 |
Commercial & Industrial | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 140 | 347 | ||||
Farmland | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 2,767 | ||||
Non Farm, Non Residential | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 0 | ||||
Agriculture | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 0 | ||||
All Other Commercial | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 0 | ||||
First Liens | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 436 | ||||
Home Equity | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 0 | ||||
Junior Liens | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 0 | ||||
Multifamily | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 0 | ||||
All Other Residential | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 0 | ||||
Motor Vehicle | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 0 | ||||
All Other Consumer | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 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 | 1,393 | 1,484 | ||||
Nonaccrual | 10,035 | 13,245 | ||||
Financing Receivable, Modifications, Recorded Investment | 3,590 | 3,349 | ||||
Financing Receivable, Modifications, Nonaccrual | 1,241 | 3,754 | ||||
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 | 41 | 41 | ||||
Nonaccrual | 1,096 | 1,679 | ||||
Financing Receivable, Modifications, Recorded Investment | 1 | 2 | ||||
Financing Receivable, Modifications, Nonaccrual | 202 | 212 | ||||
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 | 0 | 19 | ||||
Nonaccrual | 3,258 | 4,141 | ||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Financing Receivable, Modifications, Nonaccrual | 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 | ||||
Nonaccrual | 88 | 172 | ||||
Financing Receivable, Modifications, Recorded Investment | 0 | 56 | ||||
Financing Receivable, Modifications, Nonaccrual | 0 | 2,440 | ||||
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 | ||||
Nonaccrual | 27 | 707 | ||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Financing Receivable, Modifications, Nonaccrual | 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 | ||||
Nonaccrual | 1,147 | 1,236 | ||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Financing Receivable, Modifications, Nonaccrual | 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 | 1,063 | 1,011 | ||||
Nonaccrual | 3,518 | 3,972 | ||||
Financing Receivable, Modifications, Recorded Investment | 3,343 | 3,105 | ||||
Financing Receivable, Modifications, Nonaccrual | 564 | 575 | ||||
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 | 12 | 8 | ||||
Nonaccrual | 75 | 249 | ||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Financing Receivable, Modifications, Nonaccrual | 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 | 18 | 137 | ||||
Nonaccrual | 68 | 134 | ||||
Financing Receivable, Modifications, Recorded Investment | 57 | 0 | ||||
Financing Receivable, Modifications, Nonaccrual | 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 | ||||
Nonaccrual | 0 | 0 | ||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Financing Receivable, Modifications, Nonaccrual | 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 | ||||
Nonaccrual | 66 | 90 | ||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Financing Receivable, Modifications, Nonaccrual | 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 | 259 | 268 | ||||
Nonaccrual | 179 | 242 | ||||
Financing Receivable, Modifications, Recorded Investment | 2 | 9 | ||||
Financing Receivable, Modifications, Nonaccrual | 0 | 0 | ||||
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 | ||||
Nonaccrual | 513 | 623 | ||||
Financing Receivable, Modifications, Recorded Investment | 187 | 177 | ||||
Financing Receivable, Modifications, Nonaccrual | $ 475 | $ 527 |
Allowance for Loan Losses Allow
Allowance for Loan Losses Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Financing Receivable, Modifications [Line Items] | ||||
Beginning Balance | $ 6,819 | $ 7,984 | $ 7,034 | $ 8,565 |
Added | 632 | 42 | 988 | 478 |
Charged Off | (7) | (172) | (99) | (283) |
Payments | (2,597) | (430) | (3,076) | (1,336) |
Ending Balance | 4,847 | 7,424 | 4,847 | 7,424 |
Commercial Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Beginning Balance | 2,577 | 3,061 | 2,709 | 3,386 |
Added | 0 | 0 | 0 | 0 |
Charged Off | 0 | 0 | 0 | 0 |
Payments | (2,374) | (153) | (2,506) | (478) |
Ending Balance | 203 | 2,908 | 203 | 2,908 |
Residential Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Beginning Balance | 3,607 | 4,198 | 3,611 | 4,447 |
Added | 538 | 0 | 751 | 227 |
Charged Off | 0 | (155) | (16) | (195) |
Payments | (165) | (222) | (366) | (658) |
Ending Balance | 3,980 | 3,821 | 3,980 | 3,821 |
Consumer Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Beginning Balance | 635 | 725 | 714 | 732 |
Added | 94 | 42 | 237 | 251 |
Charged Off | (7) | (17) | (83) | (88) |
Payments | (58) | (55) | (204) | (200) |
Ending Balance | $ 664 | $ 695 | $ 664 | $ 695 |
Allowance for Loan Losses (De_5
Allowance for Loan Losses (Details 5) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | $ 14,888 | $ 21,305 |
Financing Receivable, Recorded Investment, Current | 1,934,699 | 1,891,717 |
Total | 1,949,587 | 1,913,022 |
Commercial & Industrial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 1,733 | 1,092 |
Financing Receivable, Recorded Investment, Current | 507,758 | 474,709 |
Total | 509,491 | 475,801 |
Farmland | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 3,206 | 4,012 |
Financing Receivable, Recorded Investment, Current | 103,902 | 104,457 |
Total | 107,108 | 108,469 |
Non Farm, Non Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 77 | 141 |
Financing Receivable, Recorded Investment, Current | 188,673 | 200,804 |
Total | 188,750 | 200,945 |
Agriculture | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 11 | 702 |
Financing Receivable, Recorded Investment, Current | 142,700 | 152,388 |
Total | 142,711 | 153,090 |
All Other Commercial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 4 | 0 |
Financing Receivable, Recorded Investment, Current | 210,233 | 207,875 |
Total | 210,237 | 207,875 |
First Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 2,913 | 8,218 |
Financing Receivable, Recorded Investment, Current | 236,246 | 247,029 |
Total | 239,159 | 255,247 |
Home Equity | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 364 | 364 |
Financing Receivable, Recorded Investment, Current | 37,449 | 35,752 |
Total | 37,813 | 36,116 |
Junior Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 209 | 574 |
Financing Receivable, Recorded Investment, Current | 47,866 | 41,688 |
Total | 48,075 | 42,262 |
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 | 107,179 | 90,141 |
Total | 107,179 | 90,141 |
All Other Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 312 |
Financing Receivable, Recorded Investment, Current | 12,481 | 13,329 |
Total | 12,481 | 13,641 |
Motor Vehicle | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 6,252 | 5,761 |
Financing Receivable, Recorded Investment, Current | 313,132 | 298,211 |
Total | 319,384 | 303,972 |
All Other Consumer | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 119 | 129 |
Financing Receivable, Recorded Investment, Current | 27,080 | 25,334 |
Total | 27,199 | 25,463 |
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 | 6,856 | 12,223 |
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 | 765 | 372 |
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 | 0 | 341 |
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 | 20 | 141 |
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 | 0 | 141 |
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 | 4 | 0 |
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 | 528 | 5,467 |
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 | 203 | 310 |
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 | 138 | 274 |
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 | 300 |
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 | 5,092 | 4,770 |
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 | 106 | 107 |
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 | 1,976 | 2,268 |
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 | 487 | 80 |
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 | 8 | 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 | 31 | 0 |
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 | 0 |
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 | 0 |
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 | 446 | 1,317 |
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 | 80 | 46 |
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 | 53 | 106 |
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 | 861 | 697 |
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 | 10 | 22 |
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 | 6,056 | 6,814 |
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 | 481 | 640 |
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 | 3,198 | 3,671 |
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 | 26 | 0 |
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 | 11 | 561 |
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 | 1,939 | 1,434 |
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 | 81 | 8 |
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 | 18 | 194 |
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 | 12 |
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 | 299 | 294 |
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 | $ 3 | $ 0 |
Allowance for Loan Losses (De_6
Allowance for Loan Losses (Details 6) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | $ 1,949,587 | $ 1,913,022 |
Financing Receivable, Recorded Investment, Past Due | 14,888 | 21,305 |
Financing Receivable, Recorded Investment, Current | 1,934,699 | 1,891,717 |
Total loans | 1,938,932 | 1,903,609 |
Loans not rated | 1,938,932 | |
Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 509,491 | 475,801 |
Financing Receivable, Recorded Investment, Past Due | 1,733 | 1,092 |
Financing Receivable, Recorded Investment, Current | 507,758 | 474,709 |
Total loans | 507,837 | 474,500 |
Farmland | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 107,108 | 108,469 |
Financing Receivable, Recorded Investment, Past Due | 3,206 | 4,012 |
Financing Receivable, Recorded Investment, Current | 103,902 | 104,457 |
Total loans | 105,062 | 106,596 |
Non Farm, Non Residential | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 188,750 | 200,945 |
Financing Receivable, Recorded Investment, Past Due | 77 | 141 |
Financing Receivable, Recorded Investment, Current | 188,673 | 200,804 |
Total loans | 188,316 | 200,502 |
Agriculture | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 142,711 | 153,090 |
Financing Receivable, Recorded Investment, Past Due | 11 | 702 |
Financing Receivable, Recorded Investment, Current | 142,700 | 152,388 |
Total loans | 140,220 | 150,936 |
All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 210,237 | 207,875 |
Financing Receivable, Recorded Investment, Past Due | 4 | 0 |
Financing Receivable, Recorded Investment, Current | 210,233 | 207,875 |
Total loans | 209,101 | 206,956 |
First Liens | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 239,159 | 255,247 |
Financing Receivable, Recorded Investment, Past Due | 2,913 | 8,218 |
Financing Receivable, Recorded Investment, Current | 236,246 | 247,029 |
Total loans | 238,206 | 254,384 |
Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 37,813 | 36,116 |
Financing Receivable, Recorded Investment, Past Due | 364 | 364 |
Financing Receivable, Recorded Investment, Current | 37,449 | 35,752 |
Total loans | 37,745 | 36,036 |
Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 48,075 | 42,262 |
Financing Receivable, Recorded Investment, Past Due | 209 | 574 |
Financing Receivable, Recorded Investment, Current | 47,866 | 41,688 |
Total loans | 47,962 | 42,155 |
Multifamily | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 107,179 | 90,141 |
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivable, Recorded Investment, Current | 107,179 | 90,141 |
Total loans | 106,910 | 89,972 |
All Other Residential | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 12,481 | 13,641 |
Financing Receivable, Recorded Investment, Past Due | 0 | 312 |
Financing Receivable, Recorded Investment, Current | 12,481 | 13,329 |
Total loans | 12,441 | 13,596 |
Motor Vehicle | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 319,384 | 303,972 |
Financing Receivable, Recorded Investment, Past Due | 6,252 | 5,761 |
Financing Receivable, Recorded Investment, Current | 313,132 | 298,211 |
Total loans | 318,061 | 302,631 |
All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 27,199 | 25,463 |
Financing Receivable, Recorded Investment, Past Due | 119 | 129 |
Financing Receivable, Recorded Investment, Current | 27,080 | 25,334 |
Total loans | 27,071 | 25,345 |
Pass | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 1,191,393 | 1,140,885 |
Pass | Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 462,286 | 430,015 |
Pass | Farmland | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 88,960 | 88,338 |
Pass | Non Farm, Non Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 172,165 | 179,181 |
Pass | Agriculture | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 113,536 | 111,724 |
Pass | All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 200,398 | 194,170 |
Pass | First Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 44,443 | 45,320 |
Pass | Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 673 | 319 |
Pass | Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 2,041 | 1,882 |
Pass | Multifamily | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 106,891 | 89,936 |
Pass | All Other Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Pass | Motor Vehicle | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Pass | All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Special Mention | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 45,267 | 59,391 |
Special Mention | Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 21,079 | 19,889 |
Special Mention | Farmland | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 7,655 | 10,782 |
Special Mention | Non Farm, Non Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 5,620 | 7,689 |
Special Mention | Agriculture | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 9,823 | 17,482 |
Special Mention | All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 43 | 2,723 |
Special Mention | First Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 971 | 750 |
Special Mention | Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Special Mention | Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 76 | 76 |
Special Mention | Multifamily | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
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 | 0 | 0 |
Special Mention | All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Substandard | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 63,389 | 73,784 |
Substandard | Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 16,145 | 18,611 |
Substandard | Farmland | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 8,427 | 7,466 |
Substandard | Non Farm, Non Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 10,531 | 13,632 |
Substandard | Agriculture | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 16,405 | 21,388 |
Substandard | All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 6,923 | 7,459 |
Substandard | First Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 3,935 | 3,980 |
Substandard | Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 120 | 64 |
Substandard | Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 171 | 342 |
Substandard | Multifamily | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Substandard | All Other Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 15 | 67 |
Substandard | Motor Vehicle | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 674 | 731 |
Substandard | All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 43 | 44 |
Doubtful | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 76 | 143 |
Doubtful | Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 38 |
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 | 0 | 0 |
Doubtful | All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Doubtful | First Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 5 |
Doubtful | Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Doubtful | Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 76 | 100 |
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 | 0 | 0 |
Doubtful | All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Not Rated | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 638,807 | 629,406 |
Not Rated | Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 8,327 | 5,947 |
Not Rated | Farmland | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 20 | 10 |
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 | 456 | 342 |
Not Rated | All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 1,737 | 2,604 |
Not Rated | First Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 188,857 | 204,329 |
Not Rated | Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 36,952 | 35,653 |
Not Rated | Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 45,598 | 39,755 |
Not Rated | Multifamily | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 19 | 36 |
Not Rated | All Other Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 12,426 | 13,529 |
Not Rated | Motor Vehicle | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 317,387 | 301,900 |
Not Rated | All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Total loans | $ 27,028 | $ 25,301 |
Allowance for Loan Losses (De_7
Allowance for Loan Losses (Details Textual) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Allowance for loan losses | ||
Fair value | $ 9,435,000 | $ 10,082,000 |
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 | 140,000 | 347,000 |
Farmland | ||
Allowance for loan losses | ||
Fair value | 0 | 2,767,000 |
Covered Loans | ||
Allowance for loan losses | ||
Loans Past Due Over 90 Day Still Accruing | 88,000 | |
Nonaccrual | 85,000 | 62,000 |
Non Farm, Non Residential | ||
Allowance for loan losses | ||
Fair value | 0 | 0 |
Agriculture | ||
Allowance for loan losses | ||
Fair value | 0 | 0 |
All Other Commercial | ||
Allowance for loan losses | ||
Fair value | 0 | 0 |
First Liens | ||
Allowance for loan losses | ||
Fair value | 0 | 436,000 |
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 | 1,393,000 | 1,484,000 |
Nonaccrual | 10,035,000 | 13,245,000 |
Nonperforming Financing Receivable [Member] | Commercial & Industrial | ||
Allowance for loan losses | ||
Loans Past Due Over 90 Day Still Accruing | 41,000 | 41,000 |
Nonaccrual | 1,096,000 | 1,679,000 |
Nonperforming Financing Receivable [Member] | Farmland | ||
Allowance for loan losses | ||
Loans Past Due Over 90 Day Still Accruing | 0 | 19,000 |
Nonaccrual | 3,258,000 | 4,141,000 |
Nonperforming Financing Receivable [Member] | Non Farm, Non Residential | ||
Allowance for loan losses | ||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 |
Nonaccrual | 88,000 | 172,000 |
Nonperforming Financing Receivable [Member] | Agriculture | ||
Allowance for loan losses | ||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 |
Nonaccrual | 27,000 | 707,000 |
Nonperforming Financing Receivable [Member] | All Other Commercial | ||
Allowance for loan losses | ||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 |
Nonaccrual | 1,147,000 | 1,236,000 |
Nonperforming Financing Receivable [Member] | First Liens | ||
Allowance for loan losses | ||
Loans Past Due Over 90 Day Still Accruing | 1,063,000 | 1,011,000 |
Nonaccrual | 3,518,000 | 3,972,000 |
Nonperforming Financing Receivable [Member] | Home Equity | ||
Allowance for loan losses | ||
Loans Past Due Over 90 Day Still Accruing | 12,000 | 8,000 |
Nonaccrual | 75,000 | 249,000 |
Nonperforming Financing Receivable [Member] | Junior Liens | ||
Allowance for loan losses | ||
Loans Past Due Over 90 Day Still Accruing | 18,000 | 137,000 |
Nonaccrual | 68,000 | 134,000 |
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 | 66,000 | 90,000 |
Nonperforming Financing Receivable [Member] | Motor Vehicle | ||
Allowance for loan losses | ||
Loans Past Due Over 90 Day Still Accruing | 259,000 | 268,000 |
Nonaccrual | 179,000 | 242,000 |
Nonperforming Financing Receivable [Member] | All Other Consumer | ||
Allowance for loan losses | ||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 |
Nonaccrual | $ 513,000 | $ 623,000 |
Securities (Details)
Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | $ 803,271 | $ 811,369 |
Unrealized Gains | (5,834) | (13,097) |
Unrealized Losses | (23,412) | (9,535) |
Securities available-for-sale | 785,693 | 814,931 |
US Government Agencies Debt Securities [Member] | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 13,042 | 13,989 |
Unrealized Gains | (2) | (24) |
Unrealized Losses | (571) | (318) |
Securities available-for-sale | 12,473 | 13,695 |
Mortgage Backed Securities - Residential | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 189,999 | 215,079 |
Unrealized Gains | (798) | (2,071) |
Unrealized Losses | (6,146) | (1,812) |
Securities available-for-sale | 184,651 | 215,338 |
Mortgage Backed Securities - Commercial | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 1 | |
Unrealized Gains | 0 | |
Unrealized Losses | 0 | |
Securities available-for-sale | 1 | |
Collateralized Mortgage Obligations | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 368,486 | 346,005 |
Unrealized Gains | (26) | (370) |
Unrealized Losses | (13,965) | (6,705) |
Securities available-for-sale | 354,547 | 339,670 |
State and Municipal Obligations | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 231,565 | 227,651 |
Unrealized Gains | (1,764) | (4,671) |
Unrealized Losses | (2,730) | (700) |
Securities available-for-sale | 230,599 | 231,622 |
Collateralized Debt Obligations | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 179 | 8,644 |
Unrealized Gains | (3,244) | (5,961) |
Unrealized Losses | 0 | 0 |
Securities available-for-sale | $ 3,423 | $ 14,605 |
Securities (Details 1)
Securities (Details 1) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Amortized Cost | ||
Due in one year or less | $ 3,965 | |
Due after one but within five years | 32,844 | |
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost | 74,009 | |
Due after ten years | 133,968 | |
Total of securities having specified maturity period | 244,786 | |
TOTAL | 803,271 | $ 811,369 |
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Amortized Cost | 558,485 | |
Fair Value | ||
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Fair Value | 3,961 | |
Due after one but within five years | 33,151 | |
Due after five but within ten years | 74,647 | |
Due after ten years | 134,736 | |
Total of securities having specified maturities period | 246,495 | |
Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | 539,198 | |
Securities available-for-sale | $ 785,693 | $ 814,931 |
Securities (Details 2)
Securities (Details 2) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost | $ 3,965 | |
Less Than 12 Months | ||
Fair Value | 392,344 | $ 266,768 |
Unrealized Losses | (9,267) | (2,112) |
More Than 12 Months | ||
Fair Value | 243,858 | 222,763 |
Unrealized Losses | (14,145) | (7,423) |
Total | ||
Fair Value | 636,202 | 489,531 |
Unrealized Losses | (23,412) | (9,535) |
US Government Agencies Debt Securities [Member] | ||
Less Than 12 Months | ||
Fair Value | 0 | 9,321 |
Unrealized Losses | 0 | (86) |
More Than 12 Months | ||
Fair Value | 11,782 | 3,538 |
Unrealized Losses | (571) | (232) |
Total | ||
Fair Value | 11,782 | 12,859 |
Unrealized Losses | (571) | (318) |
Mortgage Backed Securities - Residential | ||
Less Than 12 Months | ||
Fair Value | 104,404 | 79,918 |
Unrealized Losses | (3,323) | (425) |
More Than 12 Months | ||
Fair Value | 52,106 | 53,815 |
Unrealized Losses | (2,823) | (1,387) |
Total | ||
Fair Value | 156,510 | 133,733 |
Unrealized Losses | (6,146) | (1,812) |
Collateralized Mortgage Obligations | ||
Less Than 12 Months | ||
Fair Value | 191,204 | 150,182 |
Unrealized Losses | (4,317) | (1,418) |
More Than 12 Months | ||
Fair Value | 158,396 | 146,750 |
Unrealized Losses | (9,648) | (5,287) |
Total | ||
Fair Value | 349,600 | 296,932 |
Unrealized Losses | (13,965) | (6,705) |
State and Municipal Obligations | ||
Less Than 12 Months | ||
Fair Value | 96,736 | 27,347 |
Unrealized Losses | (1,627) | (183) |
More Than 12 Months | ||
Fair Value | 21,574 | 18,660 |
Unrealized Losses | (1,103) | (517) |
Total | ||
Fair Value | 118,310 | 46,007 |
Unrealized Losses | $ (2,730) | $ (700) |
Securities (Details 3)
Securities (Details 3) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Rollforward of the credit losses recognized in earnings | ||||
Beginning balance | $ 2,974 | $ 7,132 | $ 7,132 | $ 13,974 |
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 | 0 | 0 | 0 | |
Amounts realized for securities sold during the period | 0 | 0 | (4,158) | (6,842) |
Ending balance | $ 2,974 | $ 7,132 | $ 2,974 | $ 7,132 |
Securities (Details Textual)
Securities (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Jun. 30, 2018 | Dec. 31, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | |
Debt Securities, Available-for-sale [Line Items] | ||||||||
Gain on sale of investments | $ (3) | $ (27) | $ (5) | $ (44) | ||||
Gross unrealized losses | 23,412 | 23,412 | $ 9,535 | |||||
Cumulative OTTI charges | 2,974 | $ 7,132 | 2,974 | $ 7,132 | $ 2,974 | 7,132 | $ 7,132 | $ 13,974 |
Amortized Cost | 803,271 | 803,271 | 811,369 | |||||
Securities available-for-sale | $ 785,693 | $ 785,693 | $ 814,931 | |||||
Minimum [Member] | ||||||||
Debt Securities, Available-for-sale [Line Items] | ||||||||
Basis point spread on variable rate | 1.60% | 1.60% | ||||||
Minimum [Member] | Standard Poors [Member] | ||||||||
Debt Securities, Available-for-sale [Line Items] | ||||||||
Credit Quality Indicator Pricing | 85.57 | 85.57 | ||||||
Minimum [Member] | Moody Investor Service [Member] | ||||||||
Debt Securities, Available-for-sale [Line Items] | ||||||||
Credit Quality Indicator Pricing | 21.23 | 21.23 | ||||||
Maximum [Member] | ||||||||
Debt Securities, Available-for-sale [Line Items] | ||||||||
Basis point spread on variable rate | 1.80% | 1.80% |
Fair Value (Details)
Fair Value (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Fair value measurement | ||
Securities available-for-sale | $ 785,693 | $ 814,931 |
US Government Agencies Debt Securities [Member] | ||
Fair value measurement | ||
Securities available-for-sale | 12,473 | 13,695 |
Mortgage Backed Securities - Residential | ||
Fair value measurement | ||
Securities available-for-sale | 184,651 | 215,338 |
Mortgage Backed Securities - Commercial | ||
Fair value measurement | ||
Securities available-for-sale | 1 | |
Collateralized Mortgage Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 354,547 | 339,670 |
State and Municipal Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 230,599 | 231,622 |
Collateralized Debt Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 3,423 | 14,605 |
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 | |
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 | 779,135 | 796,646 |
Derivative Assets | 687 | 298 |
Derivative Liability | (687) | (298) |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | ||
Fair value measurement | ||
Securities available-for-sale | 12,473 | 13,695 |
Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities - Residential | ||
Fair value measurement | ||
Securities available-for-sale | 184,651 | 215,338 |
Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities - Commercial | ||
Fair value measurement | ||
Securities available-for-sale | 1 | |
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 354,547 | 339,670 |
Fair Value, Inputs, Level 2 [Member] | State and Municipal Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 227,464 | 227,942 |
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 | 6,558 | 18,285 |
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 | |
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 | 3,135 | 3,680 |
Fair Value, Inputs, Level 3 [Member] | Collateralized Debt Obligations | ||
Fair value measurement | ||
Securities available-for-sale | $ 3,423 | $ 14,605 |
Fair Value (Details 1)
Fair Value (Details 1) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Sep. 30, 2018 | Dec. 31, 2017 | |
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | $ 785,693 | $ 785,693 | $ 814,931 |
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 | 6,585 | 18,285 | 16,578 |
Total realized/unrealized gains or losses - Included in earnings | 0 | 0 | 0 |
Total realized/unrealized gains or losses - Included in other comprehensive income | 13 | 4,158 | 2,773 |
Transfers | 0 | 0 | |
Purchases | 0 | ||
Settlements | (40) | (15,885) | (1,066) |
Ending balance | 6,558 | 6,558 | 18,285 |
US Government Agencies Debt Securities [Member] | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 12,473 | 12,473 | 13,695 |
State and Municipal Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 230,599 | 230,599 | 231,622 |
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 | 3,135 | 3,680 | 4,210 |
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 | (545) | (530) |
Ending balance | 3,135 | 3,135 | 3,680 |
Collateralized Debt Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 3,423 | 3,423 | 14,605 |
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 | 3,450 | 14,605 | 12,368 |
Total realized/unrealized gains or losses - Included in earnings | 0 | 0 | 0 |
Total realized/unrealized gains or losses - Included in other comprehensive income | 13 | 4,158 | 2,773 |
Transfers | 0 | 0 | |
Purchases | 0 | ||
Settlements | (40) | (15,340) | (536) |
Ending balance | 3,423 | 3,423 | 14,605 |
Mortgage Backed Securities - Residential | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 184,651 | 184,651 | 215,338 |
Mortgage Backed Securities - Commercial | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 1 | ||
Collateralized Mortgage Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 354,547 | 354,547 | 339,670 |
Fair Value, Inputs, Level 3 [Member] | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 6,558 | 6,558 | 18,285 |
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 | 3,135 | 3,135 | 3,680 |
Fair Value, Inputs, Level 3 [Member] | Collateralized Debt Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 3,423 | 3,423 | 14,605 |
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 | ||
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 | ||
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 | 779,135 | 779,135 | 796,646 |
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 | 687 | 687 | 298 |
Derivative Liability | 687 | 687 | 298 |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 12,473 | 12,473 | 13,695 |
Fair Value, Inputs, Level 2 [Member] | State and Municipal Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 227,464 | 227,464 | 227,942 |
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 | 184,651 | 184,651 | 215,338 |
Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities - Commercial | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 1 | ||
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | $ 354,547 | $ 354,547 | $ 339,670 |
Fair Value (Details 2)
Fair Value (Details 2) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Impaired Loans | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Fair Value | $ 140 | $ 3,882 |
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 Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Fair Value | $ 520 | $ 1,880 |
Unobservable Inputs | Discount rate for age of appraisal and market conditions | Discount rate for age of appraisal and market conditions |
State and Municipal Obligations | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
Fair Value | $ 3,135 | $ 3,680 |
Unobservable Inputs | Discount rate Probability of default | Discount rate Probability of default |
Fair Value (Details 3)
Fair Value (Details 3) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans identified as impaired by class of loans | ||
Carrying Value | $ 174 | $ 4,507 |
Allowance for Loan Losses Allocated | 34 | 625 |
Fair value | 9,435 | 10,082 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 140 | 3,882 |
Commercial & Industrial | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 174 | 493 |
Allowance for Loan Losses Allocated | 34 | 146 |
Fair value | 140 | 347 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 174 | 493 |
Farmland | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 3,035 |
Allowance for Loan Losses Allocated | 0 | 268 |
Fair value | 0 | 2,767 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 3,035 |
Non Farm, Non 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 |
Agriculture | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 537 |
Allowance for Loan Losses Allocated | 0 | 205 |
Fair value | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 537 |
All Other Commercial | ||
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 |
First Liens | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 442 |
Allowance for Loan Losses Allocated | 0 | 6 |
Fair value | 0 | 436 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 442 |
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 | Sep. 30, 2018 | Dec. 31, 2017 |
Carrying amount and estimated fair value of financial instruments | ||
Fair value | $ 9,435 | $ 10,082 |
Securities available-for-sale | 785,693 | 814,931 |
Restricted Investments | 10,390 | 10,379 |
Accrued interest receivable | 14,630 | 12,913 |
Deposits | (2,407,061) | (2,458,653) |
Fair Value, Inputs, Level 1 [Member] | ||
Carrying amount and estimated fair value of financial instruments | ||
Cash and Cash Equivalents, Fair Value Disclosure | 19,029 | 20,682 |
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure | 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 | |
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 | 30,989 | 53,425 |
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure | 7,600 | |
Securities available-for-sale | 779,135 | 796,646 |
Loans Receivable, Fair Value Disclosure | 0 | 0 |
Accrued interest receivable | 4,070 | 3,596 |
Deposits | (2,394,553) | (2,456,900) |
Short-term borrowings | (58,680) | (57,686) |
Federal Home Loan Bank advances | (35,000) | |
Accrued interest payable | (530) | (372) |
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 | |
Securities available-for-sale | 6,558 | 18,285 |
Loans Receivable, Fair Value Disclosure | 1,874,643 | 1,878,166 |
Accrued interest receivable | 10,560 | 9,317 |
Deposits | 0 | 0 |
Short-term borrowings | 0 | 0 |
Federal Home Loan Bank advances | 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 | 50,018 | 74,107 |
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure | 7,600 | |
Securities available-for-sale | 785,693 | 814,931 |
Restricted Investments | 10,390 | 10,379 |
Loans Receivable, Fair Value Disclosure | 1,921,479 | 1,886,852 |
Accrued interest receivable | 14,630 | 12,913 |
Deposits | (2,407,061) | (2,458,653) |
Short-term borrowings | (58,680) | (57,686) |
Federal Home Loan Bank advances | (35,000) | |
Accrued interest payable | (530) | (372) |
Estimate of Fair Value Measurement [Member] | ||
Carrying amount and estimated fair value of financial instruments | ||
Cash and Cash Equivalents, Fair Value Disclosure | 50,018 | 74,107 |
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure | 7,600 | |
Securities available-for-sale | 785,693 | 814,931 |
Loans Receivable, Fair Value Disclosure | 1,874,643 | 1,878,166 |
Accrued interest receivable | 14,630 | 12,913 |
Deposits | (2,394,553) | (2,456,900) |
Short-term borrowings | (58,680) | (57,686) |
Federal Home Loan Bank advances | (35,000) | |
Accrued interest payable | $ (530) | $ (372) |
Fair Value (Details Textual)
Fair Value (Details Textual) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Valuation allowance for impaired loans | $ 34 | $ 625 |
Provision for impaired loan losses | (294) | |
Other real estate owned | 520 | 1,880 |
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value | 140 | 3,882 |
Valuation allowance for impaired loans | $ 34 | $ 625 |
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 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Real estate, other deductions | $ 527 | $ 951 |
Other Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value | 520 | 1,880 |
Other real estate owned | $ 500 | $ 1,900 |
Fair Value Measurements Unobservable Inputs | Discount rate for age of appraisal and market conditions | Discount rate for age of appraisal and market conditions |
State and Municipal Obligation [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value | $ 3,135 | $ 3,680 |
Fair Value Measurements Unobservable Inputs | Discount rate Probability of default | Discount rate Probability of default |
Commercial Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value | $ 300 | $ 1,700 |
Residential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value | $ 217 | $ 212 |
Measurement Input, Discount Rate [Member] | Minimum [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Other Real Estate, measurement input | 0 | |
Measurement Input, Discount Rate [Member] | Minimum [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Impaired loans, measurement input | 0 | 0 |
Measurement Input, Discount Rate [Member] | Minimum [Member] | Other Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Other Real Estate, measurement input | 0.0500 | 0.0500 |
Measurement Input, Discount Rate [Member] | Minimum [Member] | State and Municipal Obligation [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
State and Municipal Obligations, measurement input | 0.0305 | 0.0305 |
Measurement Input, Discount Rate [Member] | Maximum [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Other Real Estate, measurement input | 0.50 | |
Measurement Input, Discount Rate [Member] | Maximum [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Impaired loans, measurement input | 0.5000 | 0.5000 |
Measurement Input, Discount Rate [Member] | Maximum [Member] | Other Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Other Real Estate, measurement input | 0.2000 | 0.2000 |
Measurement Input, Discount Rate [Member] | Maximum [Member] | State and Municipal Obligation [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
State and Municipal Obligations, measurement input | 0.0550 | 0.0550 |
Short-Term Borrowings (Details)
Short-Term Borrowings (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Short-term Debt [Abstract] | ||
Federal Funds Purchased | $ 33,000 | $ 30,165 |
Securities Sold under Agreements to Repurchase | 25,680 | 27,521 |
Short-term borrowings | $ 58,680 | $ 57,686 |
Short-Term Borrowings Short-Ter
Short-Term Borrowings Short-Term Borrowings (Details 1) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | $ 25,680 | $ 27,521 |
Maturity Overnight [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 10,033 | 11,929 |
Maturity up to 30 days [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 0 | 6,282 |
Maturity 30 to 90 Days [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 112 | 8,552 |
Maturity over 90 days [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | $ 15,535 | $ 758 |
Components of Net Periodic Be_3
Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Dec. 31, 2017 | |
Defined Benefit Plan Disclosure [Line Items] | ||||
Defined Benefits Plan Estimated Future Employer Contributions In Next Fiscal Year | $ 2,300 | |||
Post-Retirement Health Benefits [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Defined Benefits Plan Estimated Future Employer Contributions In Next Fiscal Year | $ 264 | |||
Service cost | $ 10 | $ 13 | ||
Interest cost | 33 | 43 | ||
Expected return on plan assets | 0 | 0 | ||
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | 0 | 0 | ||
Net amortization of net (gain) loss | 0 | 0 | ||
Net Periodic Benefit Cost | 43 | 56 | ||
Defined Benefit Plan, Plan Assets, Contributions by Employer | $ 183 | |||
Pension Plan [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 347 | 358 | ||
Interest cost | 798 | 905 | ||
Expected return on plan assets | (991) | (985) | ||
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | 0 | 0 | ||
Net amortization of net (gain) loss | 362 | 301 | ||
Net Periodic Benefit Cost | $ 516 | $ 579 | ||
Defined Benefit Plan, Plan Assets, Contributions by Employer | $ 1,700 |
Components of Net Periodic Be_4
Components of Net Periodic Benefit Cost (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefits Plan Estimated Future Employer Contributions In Next Fiscal Year | $ 2,300 | ||
Defined Benefit Plan, Expected Future Benefit Payment, Remainder of Fiscal Year | 813 | ||
Defined Contribution Plan Employer Accrued Discretionary Contribution Amount | $ 1,300 | $ 1,300 | |
Post Retirement Health Benefits [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefits Plan Estimated Future Employer Contributions In Next Fiscal Year | $ 264 | ||
Defined Benefit Plan, Plan Assets, Contributions by Employer | 183 | ||
Pension Plan [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Plan Assets, Contributions by Employer | $ 1,700 |
Acquisitions and FDIC Indemni_3
Acquisitions and FDIC Indemnification Asset (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | Dec. 31, 2016 | |
Business Acquisition [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount, Covered | $ 1,598 | $ 1,983 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | $ 0 | |||
Loans and Leases Receivable, Disposals | $ (16) | (47) | ||
Total Covered Assets | 1,582 | 1,936 | ||
Consumer Loan [Member] | ||||
Business Acquisition [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount, Covered | 0 | 0 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | 0 | |||
Loans and Leases Receivable, Disposals | 0 | 0 | ||
Total Covered Assets | 0 | 0 | ||
Commercial Loan [Member] | ||||
Business Acquisition [Line Items] | ||||
Loans and Leases Receivable, Gross, Carrying Amount, Covered | $ 1,598 | $ 1,983 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | 0 | |||
Loans and Leases Receivable, Disposals | (16) | (47) | ||
Total Covered Assets | $ 1,582 | $ 1,936 |
Acquisitions and FDIC Indemni_4
Acquisitions and FDIC Indemnification Asset (Details Textual) - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
Business Acquisition [Line Items] | ||
Assets | $ 2,980,935,000 | $ 3,000,668,000 |
Goodwill | 34,355,000 | 34,355,000 |
Loans and Leases Receivable, Net of Loans with Deteriorated Credit Quality, Covered | 3,500,000 | $ 4,300,000 |
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% |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | $ (3,421) | $ 133 | $ (15,240) | $ 8,733 |
Change in Other comprehensive income before reclassification, Unrealized gains and Losses on available-for-sale Securities | (3,700) | (33) | ||
Amount reclassified from accumalted other comperhensive income, unrealized gain and losses and available for sale securities | 279 | 166 | ||
Net Current period other comprehensive other income, Unrealized gains and Losses on available-for-sale Securities | (3,421) | 133 | ||
TOTAL Balance | (28,889) | (5,564) | (14,704) | |
TOTAL Balance | (32,310) | (5,431) | (32,310) | (5,431) |
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 | (3,702) | (51) | ||
Change in Other comprehensive income before reclassification, Unrealized gains and Losses on available-for-sale Securities | (3,700) | (33) | ||
Amount reclassified from accumalted other comperhensive income, unrealized gain and losses and available for sale securities | (2) | (18) | ||
Net Current period other comprehensive other income, Unrealized gains and Losses on available-for-sale Securities | (3,702) | (51) | ||
TOTAL Balance | (9,625) | 7,156 | ||
TOTAL Balance | (13,327) | 7,105 | (13,327) | 7,105 |
Accumulated Defined Benefit Plans Adjustment [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 281 | 184 | ||
Change in Other comprehensive income before reclassification, Unrealized gains and Losses on available-for-sale Securities | 0 | 0 | ||
Amount reclassified from accumalted other comperhensive income, unrealized gain and losses and available for sale securities | 281 | 184 | ||
Net Current period other comprehensive other income, Unrealized gains and Losses on available-for-sale Securities | 281 | 184 | ||
TOTAL Balance | (19,264) | (12,720) | ||
TOTAL Balance | $ (18,983) | $ (12,536) | $ (18,983) | $ (12,536) |
Accumulated Other Comprehensi_4
Accumulated Other Comprehensive Income (Details 1) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Net of Tax, Footnote | $ (3,421) | |||
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Reclassification Adjustments, Net of Tax | (3,700) | $ (33) | ||
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax | (3,421) | 133 | ||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | 279 | 166 | ||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
TOTAL Balance | (32,310) | (5,431) | $ (32,310) | $ (5,431) |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | (3,421) | 133 | (15,240) | 8,733 |
TOTAL Balance | (28,889) | (5,564) | (14,704) | |
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 | (3,700) | (33) | ||
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax | (3,702) | (51) | ||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | (2) | (18) | ||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
TOTAL Balance | (13,327) | 7,105 | (13,327) | 7,105 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | (3,702) | (51) | ||
TOTAL Balance | (9,625) | 7,156 | ||
Unrealized gains losses on securities available-for-sale with other than temporary impairment [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
TOTAL Balance | 1,975 | 2,969 | 1,975 | 2,969 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 8 | 942 | ||
TOTAL Balance | 1,967 | 2,027 | ||
Unrealized gains losses on securities available-for-sale without other than temporary impairment [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
TOTAL Balance | (15,302) | 4,136 | (15,302) | 4,136 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | (3,710) | (993) | ||
TOTAL Balance | (11,592) | 5,129 | ||
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 | ||
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax | 281 | 184 | ||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | 281 | 184 | ||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
TOTAL Balance | (18,983) | (12,536) | $ (18,983) | $ (12,536) |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 281 | 184 | ||
TOTAL Balance | $ (19,264) | $ (12,720) |
Accumulated Other Comprehensi_5
Accumulated Other Comprehensive Income (Details 2) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ||||
Net securities gains (losses) | $ 3 | $ 27 | $ 5 | $ 44 |
Income tax expense | (2,656) | (3,385) | (8,941) | (10,592) |
Unrealized gain (loss) on securities, net of tax | 11,313 | 8,794 | 35,527 | 26,515 |
Change in funded status of post retirement benefits | 281 | 184 | $ 843 | $ 551 |
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 | (279) | (166) | ||
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) | 3 | 27 | ||
Income tax expense | (1) | (9) | ||
Unrealized gain (loss) on securities, net of tax | 2 | 18 | ||
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 | 81 | 117 | ||
Unrealized gain (loss) on securities, net of tax | (281) | (184) | ||
Change in funded status of post retirement benefits | $ (362) | $ (301) |