Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2017 | Apr. 30, 2017 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q1 | |
Entity Registrant Name | LAKELAND FINANCIAL CORP | |
Entity Central Index Key | 721,994 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Trading Symbol | LKFN | |
Entity Common Stock, Shares Outstanding | 25,183,425 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and due from banks | $ 89,864 | $ 142,408 |
Short-term investments | 21,719 | 24,872 |
Total cash and cash equivalents | 111,583 | 167,280 |
Securities available for sale (carried at fair value) | 528,031 | 504,191 |
Real estate mortgage loans held for sale | 3,869 | 5,915 |
Loans, net of allowance for loan losses of $43,774 and $43,718 | 3,488,505 | 3,427,209 |
Land, premises and equipment, net | 53,212 | 52,092 |
Bank owned life insurance | 74,491 | 74,006 |
Federal Reserve and Federal Home Loan Bank stock | 11,522 | 11,522 |
Accrued interest receivable | 11,886 | 11,687 |
Goodwill | 4,970 | 4,970 |
Other assets | 31,034 | 31,153 |
Total assets | 4,319,103 | 4,290,025 |
LIABILITIES | ||
Noninterest bearing deposits | 762,575 | 819,803 |
Interest bearing deposits | 2,916,822 | 2,758,109 |
Total deposits | 3,679,397 | 3,577,912 |
Short-term borrowings | ||
Securities sold under agreements to repurchase | 59,776 | 50,045 |
Other short-term borrowings | 85,000 | 180,000 |
Total short-term borrowings | 144,776 | 230,045 |
Long-term borrowings | 30 | 32 |
Subordinated debentures | 30,928 | 30,928 |
Accrued interest payable | 5,901 | 5,676 |
Other liabilities | 20,869 | 18,365 |
Total liabilities | 3,881,901 | 3,862,958 |
STOCKHOLDERS' EQUITY | ||
Common stock: 90,000,000 shares authorized, no par value 25,180,759 shares issued and 25,017,691 outstanding as of March 31, 2017 25,096,087 shares issued and 24,937,865 outstanding as of December 31, 2016 | 104,532 | 104,405 |
Retained earnings | 337,616 | 327,873 |
Accumulated other comprehensive income | (1,902) | (2,387) |
Treasury stock, at cost (2017 - 163,068 shares, 2016 - 158,222 shares) | (3,133) | (2,913) |
Total stockholders' equity | 437,113 | 426,978 |
Noncontrolling interest | 89 | 89 |
Total equity | 437,202 | 427,067 |
Total liabilities and equity | $ 4,319,103 | $ 4,290,025 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Valuation allowance | $ 43,774 | $ 43,718 |
Common stock, shares authorized (in shares) | 90,000,000 | 90,000,000 |
Common stock, no par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares issued (in shares) | 25,180,759 | 25,096,087 |
Common stock, shares outstanding (in shares) | 25,017,691 | 24,937,865 |
Treasury stock, at cost | 163,068 | 158,222 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | ||
Interest and fees on loans | |||
Taxable | $ 34,447 | $ 29,630 | |
Tax exempt | 150 | 111 | |
Interest and dividends on securities | |||
Taxable | 2,320 | 2,546 | |
Tax exempt | 1,162 | 895 | |
Interest on short-term investments | 48 | 28 | |
Total interest income | 38,127 | 33,210 | |
Interest on deposits | 5,442 | 4,195 | |
Interest on borrowings | |||
Short-term | 310 | 147 | |
Long-term | 314 | 286 | |
Total interest expense | 6,066 | 4,628 | |
NET INTEREST INCOME | 32,061 | 28,582 | |
Provision for loan losses | 200 | 0 | |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 31,861 | 28,582 | |
NONINTEREST INCOME | |||
Wealth advisory fees | 1,250 | 1,160 | |
Investment brokerage fees | 321 | 288 | |
Service charges on deposit accounts | 3,143 | 2,780 | |
Loan, insurance and service fees | 1,893 | 1,838 | |
Merchant card fee income | 538 | 497 | |
Bank owned life insurance income | 471 | 173 | |
Other income | 509 | (72) | |
Mortgage banking income | 131 | 327 | |
Net securities gains | 3 | 52 | |
Total noninterest income | 8,259 | 7,043 | |
NONINTEREST EXPENSE | |||
Salaries and employee benefits | 11,421 | 9,605 | |
Net occupancy expense | 1,120 | 1,096 | |
Equipment costs | 1,075 | 901 | |
Data processing fees and supplies | 2,016 | 2,032 | |
Corporate and business development | 1,502 | 857 | |
FDIC insurance and other regulatory fees | 434 | 523 | |
Professional fees | 954 | 827 | |
Other expense | 1,526 | 1,543 | |
Total noninterest expense | 20,048 | 17,384 | |
INCOME BEFORE INCOME TAX EXPENSE | 20,072 | 18,241 | |
Income tax expense | 5,558 | 5,962 | |
NET INCOME | $ 14,514 | $ 12,279 | |
BASIC WEIGHTED AVERAGE COMMON SHARES | [1] | 25,152,242 | 25,019,753 |
BASIC EARNINGS PER COMMON SHARE | [1] | $ 0.58 | $ 0.49 |
DILUTED WEIGHTED AVERAGE COMMON SHARES | [1] | 25,596,136 | 25,327,806 |
DILUTED EARNINGS PER COMMON SHARE | [1] | $ 0.57 | $ 0.48 |
[1] | Share and per share data has been adjusted for a 3-for-2 stock split in the form of a stock dividend on August 5, 2016. |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Net income | $ 14,514 | $ 12,279 |
Change in securities available for sale: | ||
Unrealized holding gain on securities available for sale arising during the period | 713 | 7,547 |
Reclassification adjustment for gains included in net income | (3) | (52) |
Net securities gain activity during the period | 710 | 7,495 |
Tax effect | (265) | (2,306) |
Net of tax amount | 445 | 5,189 |
Defined benefit pension plans: | ||
Amortization of net actuarial loss | 66 | 54 |
Net gain activity during the period | 66 | 54 |
Tax effect | (26) | (22) |
Net of tax amount | 40 | 32 |
Total other comprehensive income, net of tax | 485 | 5,221 |
Comprehensive income | $ 14,999 | $ 17,500 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Common Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Treasury Stock [Member] |
Balance at Dec. 31, 2015 | $ 392,812 | $ 99,123 | $ 294,002 | $ 2,142 | $ (2,455) |
Balance (in shares) at Dec. 31, 2015 | 24,819,066 | ||||
Comprehensive income: | |||||
Net income | 12,279 | 12,279 | |||
Other comprehensive income (loss), net of tax | 5,221 | 5,221 | |||
Cash dividends declared | (4,079) | (4,079) | |||
Treasury shares purchased under deferred directors' plan | 0 | $ 198 | (198) | ||
Treasury shares purchased under deferred directors' plan (in shares) | (6,723) | ||||
Stock activity under equity compensation plans | (143) | $ (143) | |||
Stock activity under equity compensation plans (in shares) | 82,775 | ||||
Stock based compensation expense | 784 | $ 784 | |||
Balance at Mar. 31, 2016 | 406,874 | $ 99,962 | 302,202 | 7,363 | (2,653) |
Balance (in shares) at Mar. 31, 2016 | 24,895,118 | ||||
Balance at Dec. 31, 2016 | 426,978 | $ 104,405 | 327,873 | (2,387) | (2,913) |
Balance (in shares) at Dec. 31, 2016 | 24,937,865 | ||||
Comprehensive income: | |||||
Net income | 14,514 | 14,514 | |||
Other comprehensive income (loss), net of tax | 485 | 485 | |||
Cash dividends declared | (4,771) | (4,771) | |||
Treasury shares purchased under deferred directors' plan | 0 | $ 220 | (220) | ||
Treasury shares purchased under deferred directors' plan (in shares) | (4,846) | ||||
Stock activity under equity compensation plans | (1,652) | $ (1,652) | |||
Stock activity under equity compensation plans (in shares) | 84,672 | ||||
Stock based compensation expense | 1,559 | $ 1,559 | |||
Balance at Mar. 31, 2017 | $ 437,113 | $ 104,532 | $ 337,616 | $ (1,902) | $ (3,133) |
Balance (in shares) at Mar. 31, 2017 | 25,017,691 |
CONSOLIDATED STATEMENTS OF CHA7
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Common Stock, Dividends, Per Share, Declared | $ 0.19 | $ 0.163 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Cash flows from operating activities: | ||
Net income | $ 14,514 | $ 12,279 |
Adjustments to reconcile net income to net cash from operating activities: | ||
Depreciation | 1,165 | 983 |
Provision for loan losses | 200 | 0 |
Net gain on sale and write down of other real estate owned | (5) | 0 |
Amortization of loan servicing rights | 158 | 145 |
Loans originated for sale | (25,812) | (10,341) |
Net gain on sales of loans | (364) | (339) |
Proceeds from sale of loans | 28,066 | 11,666 |
Net gain on sales and calls of securities available for sale | (3) | (52) |
Net securities amortization | 715 | 695 |
Stock based compensation expense | 1,559 | 784 |
Earnings on life insurance | (471) | (174) |
Tax benefit of stock option exercises | (924) | (482) |
Net change: | ||
Interest receivable and other assets | 623 | (3,293) |
Interest payable and other liabilities | 1,339 | 6,595 |
Total adjustments | 6,246 | 6,187 |
Net cash from operating activities | 20,760 | 18,466 |
Cash flows from investing activities: | ||
Proceeds from sale of securities available for sale | 16,811 | 6,929 |
Proceeds from maturities, calls and principal paydowns of securities available for sale | 14,109 | 19,700 |
Purchases of securities available for sale | (52,763) | (26,969) |
Purchase of life insurance | (446) | (179) |
Net increase in total loans | (61,496) | (32,730) |
Purchases of land, premises and equipment | (2,285) | (2,927) |
Proceeds from sales of other real estate | 42 | 0 |
Net cash from investing activities | (86,028) | (36,176) |
Cash flows from financing activities: | ||
Net increase in total deposits | 101,485 | 67,314 |
Net decrease in short-term borrowings | (85,269) | (45,118) |
Payments on long-term borrowings | (2) | (2) |
Common dividends paid | (4,771) | (4,079) |
Payments related to equity incentive plans | (1,652) | (143) |
Purchase of treasury stock | (220) | (198) |
Net cash from financing activities | 9,571 | 17,774 |
Net change in cash and cash equivalents | (55,697) | 64 |
Cash and cash equivalents at beginning of the period | 167,280 | 80,674 |
Cash and cash equivalents at end of the period | 111,583 | 80,738 |
Cash paid during the period for: | ||
Interest | 5,841 | 4,188 |
Income taxes | 4 | 0 |
Supplemental non-cash disclosures: | ||
Loans transferred to other real estate owned | 0 | 33 |
Securities purchases payable | $ 2,073 | $ 0 |
BASIS OF PRESENTATION
BASIS OF PRESENTATION | 3 Months Ended |
Mar. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
BASIS OF PRESENTATION | NOTE 1. BASIS OF PRESENTATION This report is filed for Lakeland Financial Corporation (the "Company") and its wholly owned subsidiaries, Lake City Bank (the "Bank") and LCB Risk Management, a captive insurance company. Also included in this report is the Bank's wholly owned subsidiary, LCB Investments II, Inc. ("LCB Investments"), which manages the Bank's investment portfolio. LCB Investments also owns LCB Funding, Inc. ("LCB Funding"), a real estate investment trust. All significant inter-company balances and transactions have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the instructions for Form 10-Q. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and are unaudited. In the opinion of management, all adjustments (all of which are normal and recurring in nature) considered necessary for a fair presentation have been included. Operating results for the three-month period ended March 31, 2017 are not necessarily indicative of the results that may be expected for any subsequent reporting periods, including the year ending December 31, 2017. The Company's 2016 Annual Report on Form 10-K should be read in conjunction with these statements. |
SECURITIES
SECURITIES | 3 Months Ended |
Mar. 31, 2017 | |
Securities [Abstract] | |
SECURITIES | NOTE 2. SECURITIES Gross Gross Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gain Losses Value March 31, 2017 U.S. Treasury securities $990 $15 $0 $1,005 U.S. government sponsored agencies 6,151 24 (69) 6,106 Agency residential mortgage-backed securities 361,730 3,375 (2,905) 362,200 State and municipal securities 159,586 2,081 (2,947) 158,720 Total $528,457 $5,495 $(5,921) $528,031 December 31, 2016 U.S. Treasury securities $990 $13 $0 $1,003 U.S. government sponsored agencies 6,312 10 (81) 6,241 Agency residential mortgage-backed securities 351,108 3,604 (3,144) 351,568 State and municipal securities 146,917 1,784 (3,322) 145,379 Total $505,327 $5,411 $(6,547) $504,191 Information regarding the fair value and amortized cost of available for sale debt securities by maturity as of March 31, 2017 is presented below. Maturity information is based on contractual maturity for all securities other than mortgage-backed securities. Amortized Fair (dollars in thousands) Cost Value Due in one year or less $2,673 $2,715 Due after one year through five years 23,130 23,642 Due after five years through ten years 46,690 47,590 Due after ten years 94,234 91,884 166,727 165,831 Mortgage-backed securities 361,730 362,200 Total debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $528,457 $528,031 Three months ended March 31, (dollars in thousands) 2017 2016 Sales of securities available for sale Proceeds $16,811 $6,929 Gross gains 197 65 Gross losses (194) 13 The Company sold 27 securities with a total book value of $16.8 million and a total fair value of $16.8 million during the first three months of 2017. The Company sold four securities with a total book value of $6.9 million and a total fair value of $7.0 million during the first three months of 2016. Purchase premiums or discounts are recognized in interest income using the interest method over the terms of the securities or over the estimated lives of mortgage-backed securities. Gains and losses on sales are based on the amortized cost of the security sold and recorded on the trade date. Securities with carrying values of $161.5 million and $168.3 million were pledged as of March 31, 2017 and December 31, 2016, respectively, as collateral for securities sold under agreements to repurchase, borrowings from the Federal Home Loan Bank and for other purposes as permitted or required by law. Information regarding securities with unrealized losses as of March 31, 2017 and December 31, 2016 is presented below. Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized (dollars in thousands) Value Losses Value Losses Value Losses March 31, 2017 U.S. government sponsored agencies $3,301 $69 $0 $0 $3,301 $69 Agency residential mortgage-backed securities 207,822 2,611 6,877 294 214,699 2,905 State and municipal securities 71,352 2,820 2,572 127 73,924 2,947 Total temporarily impaired $282,475 $5,500 $9,449 $421 $291,924 $5,921 December 31, 2016 U.S. government sponsored agencies $3,290 $81 $0 $0 $3,290 $81 Agency residential mortgage-backed securities 181,699 2,882 7,080 262 188,779 3,144 State and municipal securities 77,434 3,180 2,361 142 79,795 3,322 Total temporarily impaired $262,423 $6,143 $9,441 $404 $271,864 $6,547 Less than 12 months 12 months or more Total March 31, 2017 U.S. government sponsored agencies 1 0 1 Agency residential mortgage-backed securities 61 2 63 State and municipal securities 106 4 110 Total temporarily impaired 168 6 174 December 31, 2016 U.S. government sponsored agencies 0 1 1 Agency residential mortgage-backed securities 46 9 55 State and municipal securities 21 12 33 Total temporarily impaired 67 22 89 The following factors are considered in determining whether or not the impairment of these securities is other-than-temporary. In making this determination, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer, as well as the underlying fundamentals of the relevant market and the outlook for such market in the near future. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement and 2) OTTI related to other factors, which is recognized in other comprehensive income. Credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. For equity securities, the entire amount of impairment is recognized through earnings. As of March 31, 2017 and December 31, 2016, ninety-nine percent of the securities in the Company's portfolio were backed by the U.S. government, government agencies, government sponsored agencies or were A-rated or better, except for certain non-local or local municipal securities, which are not rated. For the government, government-sponsored agency and municipal securities, management did not believe that there would be credit losses or that full principal would not be received. Management considered the unrealized losses on these securities to be primarily interest rate driven and does not expect material losses given current market conditions unless the securities are sold. However, at this time management does not have the intent to sell, and it is more likely than not that the Company will not be required to sell these securities before the recovery of their amortized cost basis. |
LOANS
LOANS | 3 Months Ended |
Mar. 31, 2017 | |
Loans [Abstract] | |
LOANS | NOTE 3. LOANS March 31, December 31, (dollars in thousands) 2017 2016 Commercial and industrial loans: Working capital lines of credit loans $650,691 18.4 % $624,404 18.0 % Non-working capital loans 673,374 19.1 644,086 18.5 Total commercial and industrial loans 1,324,065 37.5 1,268,490 36.5 Commercial real estate and multi-family residential loans: Construction and land development loans 238,018 6.7 245,182 7.1 Owner occupied loans 468,621 13.3 469,705 13.5 Nonowner occupied loans 463,186 13.1 458,404 13.2 Multifamily loans 201,147 5.7 127,632 3.7 Total commercial real estate and multi-family residential loans 1,370,972 38.8 1,300,923 37.5 Agri-business and agricultural loans: Loans secured by farmland 138,071 3.9 172,633 5.0 Loans for agricultural production 189,516 5.4 222,210 6.4 Total agri-business and agricultural loans 327,587 9.3 394,843 11.4 Other commercial loans 105,684 3.0 98,270 2.8 Total commercial loans 3,128,308 88.6 3,062,526 88.2 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 166,158 4.7 163,155 4.7 Open end and junior lien loans 167,517 4.7 169,664 4.9 Residential construction and land development loans 10,274 0.3 15,015 0.4 Total consumer 1-4 family mortgage loans 343,949 9.7 347,834 10.0 Other consumer loans 60,881 1.7 61,308 1.8 Total consumer loans 404,830 11.4 409,142 11.8 Subtotal 3,533,138 100.0 % 3,471,668 100.0 % Less: Allowance for loan losses (43,774) (43,718) Net deferred loan fees (859) (741) Loans, net $3,488,505 $3,427,209 The recorded investment in loans does not include accrued interest. The Company had $282,000 in residential real estate loans in the process of foreclosure as of March 31, 2017, compared to $241,000 as of December 31, 2016. |
ALLOWANCE FOR LOAN LOSSES AND C
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY | 3 Months Ended |
Mar. 31, 2017 | |
Loans [Abstract] | |
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY | NOTE 4. ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY The following tables present the activity in the allowance for loan losses by portfolio segment for the three-month periods ended March 31, 2017 and 2016: Commercial Real Estate Commercial and Agri-business Consumer and Multifamily and Other 1-4 Family Other (dollars in thousands) Industrial Residential Agricultural Commercial Mortgage Consumer Unallocated Total Three Months Ended March 31, 2017 Beginning balance, January 1 $20,272 $13,452 $3,532 $461 $2,827 $387 $2,787 $43,718 Provision for loan losses (339) 257 (77) 84 (77) 37 315 200 Loans charged-off (375) (48) 0 0 (7) (73) 0 (503) Recoveries 223 57 4 0 47 28 0 359 Net loans charged-off (152) 9 4 0 40 (45) 0 (144) Ending balance $19,781 $13,718 $3,459 $545 $2,790 $379 $3,102 $43,774 Commercial Real Estate Commercial and Agri-business Consumer and Multifamily and Other 1-4 Family Other (dollars in thousands) Industrial Residential Agricultural Commercial Mortgage Consumer Unallocated Total Three Months Ended March 31, 2016 Beginning balance, January 1 $21,564 $12,473 $2,445 $574 $3,395 $319 $2,840 $43,610 Provision for loan losses (947) 436 4 (15) 196 42 284 0 Loans charged-off (214) (168) 0 0 (38) (45) 0 (465) Recoveries 62 11 5 0 33 28 0 139 Net loans charged-off (152) (157) 5 0 (5) (17) 0 (326) Ending balance $20,465 $12,752 $2,454 $559 $3,586 $344 $3,124 $43,284 The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of March 31, 2017 and December 31, 2016: Commercial Real Estate Commercial and Agri-business Consumer and Multifamily and Other 1-4 Family Other (dollars in thousands) Industrial Residential Agricultural Commercial Mortgage Consumer Unallocated Total March 31, 2017 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $3,897 $598 $0 $0 $290 $46 $0 $4,831 Collectively evaluated for impairment 15,884 13,120 3,459 545 2,500 333 3,102 38,943 Total ending allowance balance $19,781 $13,718 $3,459 $545 $2,790 $379 $3,102 $43,774 Loans: Loans individually evaluated for impairment $11,042 $8,877 $283 $0 $1,410 $54 $0 $21,666 Loans collectively evaluated for impairment 1,312,912 1,360,487 327,363 105,681 343,545 60,625 0 3,510,613 Total ending loans balance $1,323,954 $1,369,364 $327,646 $105,681 $344,955 $60,679 $0 $3,532,279 Commercial Real Estate Commercial and Agri-business Consumer and Multi-family and Other 1-4 Family Other (dollars in thousands) Industrial Residential Agricultural Commercial Mortgage Consumer Unallocated Total December 31, 2016 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $3,191 $576 $0 $0 $296 $51 $0 $4,114 Collectively evaluated for impairment 17,081 12,876 3,532 461 2,531 336 2,787 39,604 Total ending allowance balance $20,272 $13,452 $3,532 $461 $2,827 $387 $2,787 $43,718 Loans: Loans individually evaluated for impairment $9,776 $9,151 $283 $0 $1,427 $55 $0 $20,692 Loans collectively evaluated for impairment 1,258,682 1,290,131 394,621 98,265 347,408 61,128 0 3,450,235 Total ending loans balance $1,268,458 $1,299,282 $394,904 $98,265 $348,835 $61,183 $0 $3,470,927 The following table presents loans individually evaluated for impairment by class of loans as of March 31, 2017: Unpaid Allowance for Principal Recorded Loan Losses (dollars in thousands) Balance Investment Allocated With no related allowance recorded: Commercial and industrial loans: Working capital lines of credit loans $783 $481 $0 Non-working capital loans 3,221 1,472 0 Commercial real estate and multi-family residential loans: Construction and land development loans 126 126 0 Owner occupied loans 2,911 2,663 0 Nonowner occupied loans 4,587 4,588 0 Agri-business and agricultural loans: Loans secured by farmland 603 283 0 Consumer 1-4 family loans: Closed end first mortgage loans 204 191 0 Open end and junior lien loans 369 156 0 With an allowance recorded: Commercial and industrial loans: Working capital lines of credit loans 2,373 2,372 1,072 Non-working capital loans 6,719 6,717 2,825 Commercial real estate and multi-family residential loans: Owner occupied loans 1,501 1,500 598 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 1,130 1,063 290 Other consumer loans 54 54 46 Total $24,581 $21,666 $4,831 The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2016: Unpaid Allowance for Principal Recorded Loan Losses (dollars in thousands) Balance Investment Allocated With no related allowance recorded: Commercial and industrial loans: Working capital lines of credit loans $951 $494 $0 Non-working capital loans 3,007 1,358 0 Commercial real estate and multi-family residential loans: Construction and land development loans 126 126 0 Owner occupied loans 2,868 2,620 0 Nonowner occupied loans 4,632 4,633 0 Agri-business and agricultural loans: Loans secured by farmland 603 283 0 Consumer 1-4 family loans: Closed end first mortgage loans 161 147 0 Open end and junior lien loans 408 195 0 With an allowance recorded: Commercial and industrial loans: Working capital lines of credit loans 1,100 1,099 465 Non-working capital loans 6,827 6,825 2,726 Commercial real estate and multi-family residential loans: Owner occupied loans 1,773 1,772 576 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 1,152 1,085 296 Other consumer loans 55 55 51 Total $23,663 $20,692 $4,114 The following table presents loans individually evaluated for impairment by class of loans as of and for the three-month period ended March 31, 2017: Cash Basis Average Interest Interest Recorded Income Income (dollars in thousands) Investment Recognized Recognized With no related allowance recorded: Commercial and industrial loans: Working capital lines of credit loans $577 $7 $7 Non-working capital loans 1,381 8 8 Commercial real estate and multi-family residential loans: Construction and land development loans 126 1 1 Owner occupied loans 2,572 1 1 Nonowner occupied loans 4,604 84 84 Agri-business and agricultural loans: Loans secured by farmland 283 0 0 Consumer 1-4 family loans: Closed end first mortgage loans 191 1 1 Open end and junior lien loans 156 0 0 With an allowance recorded: Commercial and industrial loans: Working capital lines of credit loans 1,363 11 13 Non-working capital loans 6,699 49 51 Commercial real estate and multi-family residential loans: Owner occupied loans 1,665 5 5 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 1,071 7 7 Other consumer loans 54 1 1 Total $20,742 $175 $179 The following table presents loans individually evaluated for impairment by class of loans as of and for the three-month period ended March 31, 2016: Cash Basis Average Interest Interest Recorded Income Income (dollars in thousands) Investment Recognized Recognized With no related allowance recorded: Commercial and industrial loans: Working capital lines of credit loans $20 $0 $0 Non-working capital loans 673 0 0 Commercial real estate and multi-family residential loans: Owner occupied loans 2,724 0 0 Nonowner occupied loans 4,808 29 23 Agri-business and agricultural loans: Loans secured by farmland 471 0 0 Consumer 1-4 family loans: Closed end first mortgage loans 47 0 0 With an allowance recorded: Commercial and industrial loans: Working capital lines of credit loans 1,352 5 5 Non-working capital loans 4,635 34 34 Commercial real estate and multi-family residential loans: Construction and land development loans 339 3 3 Owner occupied loans 942 0 0 Nonowner occupied loans 77 0 0 Multifamily loans 385 5 5 Other commercial loans 12 0 0 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 1,627 15 11 Open end and junior lien loans 251 0 0 Other consumer loans 59 1 1 Total $18,422 $92 $82 The following table presents the aging of the recorded investment in past due loans as of March 31, 2017 by class of loans: 30-89 Greater than Loans Not Days 90 Days Total (dollars in thousands) Past Due Past Due Past Due Nonaccrual Past Due Total Commercial and industrial loans: Working capital lines of credit loans $649,021 $60 $0 $1,598 $1,658 $650,679 Non-working capital loans 669,325 9 0 3,941 3,950 673,275 Commercial real estate and multi-family residential loans: Construction and land development loans 237,365 0 0 0 0 237,365 Owner occupied loans 462,792 0 1,633 3,888 5,521 468,313 Nonowner occupied loans 462,282 399 0 114 513 462,795 Multifamily loans 200,891 0 0 0 0 200,891 Agri-business and agricultural loans: Loans secured by farmland 137,790 0 0 283 283 138,073 Loans for agricultural production 189,573 0 0 0 0 189,573 Other commercial loans 105,681 0 0 0 0 105,681 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 164,891 740 0 205 945 165,836 Open end and junior lien loans 168,488 232 0 156 388 168,876 Residential construction loans 10,243 0 0 0 0 10,243 Other consumer loans 60,626 53 0 0 53 60,679 Total $3,518,968 $1,493 $1,633 $10,185 $13,311 $3,532,279 The following table presents the aging of the recorded investment in past due loans as of December 31, 2016 by class of loans: 30-89 Greater than Loans Not Days 90 Days Total (dollars in thousands) Past Due Past Due Past Due Nonaccrual Past Due Total Commercial and industrial loans: Working capital lines of credit loans $624,213 $9 $0 $140 $149 $624,362 Non-working capital loans 642,014 0 0 2,082 2,082 644,096 Commercial real estate and multi-family residential loans: Construction and land development loans 244,411 0 0 0 0 244,411 Owner occupied loans 465,789 0 0 3,598 3,598 469,387 Nonowner occupied loans 457,880 0 0 122 122 458,002 Multi-family loans 127,482 0 0 0 0 127,482 Agri-business and agricultural loans: Loans secured by farmland 172,349 0 0 283 283 172,632 Loans for agricultural production 222,272 0 0 0 0 222,272 Other commercial loans 98,265 0 0 0 0 98,265 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 161,499 1,072 53 213 1,338 162,837 Open end and junior lien loans 170,372 448 0 195 643 171,015 Residential construction loans 14,983 0 0 0 0 14,983 Other consumer loans 61,119 64 0 0 64 61,183 Total $3,462,648 $1,593 $53 $6,633 $8,279 $3,470,927 Troubled Debt Restructurings: Troubled debt restructured loans are included in the totals for impaired loans. The Company has allocated $3.1 million and $2.7 million of specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of March 31, 2017 and December 31, 2016. The Company is not committed to lend additional funds to debtors whose loans have been modified in a troubled debt restructuring. March 31 December 31 (dollars in thousands) 2017 2016 Accruing troubled debt restructured loans $10,234 $10,351 Nonaccrual troubled debt restructured loans 7,180 5,633 Total troubled debt restructured loans $17,414 $15,984 During the period ending March 31, 2017, certain loans were modified as troubled debt restructurings. The modified terms of these loans include one or a combination of the following: inadequate compensation for the terms of the restructure or renewal; a modification of the repayment terms which delays principal repayment for some period; or renewal terms offered to borrowers in financial distress where no additional credit enhancements were obtained at the time of renewal. Additional concessions were granted to borrowers with previously identified troubled debt restructured loans during the period. The loans to two of the borrowers are for commercial real estate buildings where the collateral value and cash flows from the companies occupying the buildings do not support the loans with recorded investments of $500,000. The loans to two other borrowers are for commercial and industrial non-working capital loans with recorded investments of $690,000. These concessions are not included in table below. The following table presents loans by class modified as new troubled debt restructurings that occurred during the three months ended March 31, 2017: Modified Repayment Terms Pre-Modification Post-Modification Extension Outstanding Outstanding Period or Number of Recorded Recorded Number of Range (dollars in thousands) Loans Investment Investment Loans (in months) Troubled Debt Restructurings Commercial and industrial loans: Non-working capital loans 2 1,712 1,712 2 6 Commercial real estate and multi- family residential loans: Owner occupied loans 1 486 486 1 6 Consumer 1-4 family loans: Closed end first mortgage loans 1 44 46 1 350 Total 4 $2,242 $2,244 4 6-350 For the period ended March 31, 2017, the commercial and industrial troubled debt restructurings described above increased the allowance for loan losses by $34,000 and the commercial real estate and multi-family residential loan troubled debt restructuring described above increased the allowance for loan losses by $49,000. No charge-offs resulted from any troubled debt restructurings described above during the three-month period ended March 31, 2017. During the quarter ended March 31, 2016, certain loans were modified as troubled debt restructurings. The modified terms of these loans include one or a combination of the following: inadequate compensation for the terms of the restructure or renewal; a modification of the repayment terms which delays principal repayment for some period; or renewal terms offered to borrowers in financial distress where no additional credit enhancements were obtained at the time of renewal. Additional concessions were granted to borrowers with previously identified troubled debt restructured loans during the period. The loans to two of the borrowers are for commercial real estate buildings where the collateral value and cash flows from the companies occupying the buildings do not support the loans with recorded investments of $542,000. The other loans were to a borrower engaged in land development, where the aggregate recorded investment totaled $484,000. These concessions are not included in table below. The following table presents loans by class modified as new troubled debt restructurings that occurred during the three months ended March 31, 2016: Modified Repayment Terms Pre-Modification Post-Modification Extension Outstanding Outstanding Period or Number of Recorded Recorded Number of Range (dollars in thousands) Loans Investment Investment Loans (in months) Troubled Debt Restructurings Commercial real estate and multi- family residential loans: Owner occupied loans 1 $335 $335 1 15 Total 1 $335 $335 1 15 For the three-month period ended March 31, 2016, the commercial real estate and multi-family residential loan troubled debt restructuring described above increased the allowance for loan losses by $11,000. No charge-offs resulted from any troubled debt restructurings described above during the three-month period ended March 31, 2016. There were no troubled debt restructurings that had payment defaults within the twelve months following modification during the three-month periods ended March 31, 2017 and 2016. Credit Quality Indicators: The Company 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 Company analyzes commercial loans individually by classifying the loans as to credit risk. This analysis is performed on a quarterly basis for Special Mention, Substandard and Doubtful grade loans and annually on Pass grade loans over $150,000. The Company 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 paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as Doubtful have all the weaknesses inherent in those classified as Substandard, with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered to be Pass rated loans with the exception of consumer troubled debt restructurings which are evaluated and listed with Substandard commercial grade loans and consumer nonaccrual loans which are evaluated individually and listed with Not Rated loans. Loans listed as Not Rated are consumer loans or commercial loans with consumer characteristics included in groups of homogenous loans which are analyzed for credit quality indicators utilizing delinquency status. As of March 31, 2017, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Special Not (dollars in thousands) Pass Mention Substandard Doubtful Rated Total Commercial and industrial loans: Working capital lines of credit loans $594,221 $30,356 $25,927 $0 $175 $650,679 Non-working capital loans 621,384 24,188 23,912 0 3,791 673,275 Commercial real estate and multi- family residential loans: Construction and land development loans 236,071 1,294 0 0 0 237,365 Owner occupied loans 440,213 11,633 16,467 0 0 468,313 Nonowner occupied loans 456,944 4,507 1,344 0 0 462,795 Multifamily loans 200,633 258 0 0 0 200,891 Agri-business and agricultural loans: Loans secured by farmland 133,300 3,052 1,721 0 0 138,073 Loans for agricultural production 185,248 3,627 698 0 0 189,573 Other commercial loans 105,677 0 0 0 4 105,681 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 44,657 0 1,254 0 119,925 165,836 Open end and junior lien loans 7,235 0 0 0 161,641 168,876 Residential construction loans 0 0 0 0 10,243 10,243 Other consumer loans 16,264 0 54 0 44,361 60,679 Total $3,041,847 $78,915 $71,377 $0 $340,140 $3,532,279 As of December 31, 2016, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Special Not (dollars in thousands) Pass Mention Substandard Doubtful Rated Total Commercial and industrial loans: Working capital lines of credit loans $577,208 $17,636 $29,396 $0 $122 $624,362 Non-working capital loans 583,135 32,587 24,405 0 3,969 644,096 Commercial real estate and multi- family residential loans: Construction and land development loans 242,964 1,447 0 0 0 244,411 Owner occupied loans 444,143 10,285 14,959 0 0 469,387 Nonowner occupied loans 451,390 4,550 2,062 0 0 458,002 Multi-family loans 127,219 263 0 0 0 127,482 Agri-business and agricultural loans: Loans secured by farmland 168,660 3,689 283 0 0 172,632 Loans for agricultural production 218,581 3,691 0 0 0 222,272 Other commercial loans 98,261 0 0 0 4 98,265 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 44,687 126 1,232 0 116,792 162,837 Open end and junior lien loans 7,028 0 0 0 163,987 171,015 Residential construction loans 0 0 0 0 14,983 14,983 Other consumer loans 17,717 0 55 0 43,411 61,183 Total $2,980,993 $74,274 $72,392 $0 $343,268 $3,470,927 |
FAIR VALUE DISCLOSURES
FAIR VALUE DISCLOSURES | 3 Months Ended |
Mar. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
FAIR VALUE DISCLOSURES | NOTE 5. FAIR VALUE DISCLOSURES Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1 Quoted prices (unadjusted) for 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 1 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 company's own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Company used the following methods and significant assumptions to estimate the fair value of each type of financial instrument: Securities The Company's Controlling Department, which is responsible for all accounting and SEC compliance, and the Company's Treasury Department, which is responsible for investment portfolio management and asset/liability modeling, are the two areas that determine the Company's valuation policies and procedures. Both of these areas report directly to the Executive Vice President and Chief Financial Officer of the Company. For assets or liabilities that may be considered for Level 3 fair value measurement on a recurring basis, these two departments and the Executive Vice President and Chief Financial Officer determine the appropriate level of the assets or liabilities under consideration. If there are assets or liabilities that are determined to be Level 3 by this group, the Risk Management Committee of the Company and the Audit Committee of the Board of Directors are made aware of such assets at their next scheduled meeting. Securities pricing is obtained from a third party pricing service and all security prices are tested annually against prices from another third party provider and reviewed with a market value price tolerance variance that varies by sector: municipal securities +/- 5%, government mbs/cmo +/- 3% and U.S. treasuries +/-1%. If any securities fall outside the tolerance threshold, a determination of materiality is made for the amount over the threshold. Any security that would have a material threshold difference would be further investigated to determine why the variance exists and if any action is needed concerning the security pricing for that individual security. Changes in market value are reviewed monthly in aggregate by security type and any material differences are reviewed to determine why they exist. At least annually, the pricing methodology of the pricing service is received and reviewed to support the fair value levels used by the Company. A detailed pricing evaluation is requested and reviewed on any security determined to be fair valued using unobservable inputs by the pricing service. Mortgage banking derivatives Interest rate swap derivatives Impaired loans Mortgage servicing rights Other real estate owned Real estate mortgage loans held for sale March 31, 2017 Fair Value Measurements Using Assets (dollars in thousands) Level 1 Level 2 Level 3 at Fair Value Assets U.S. Treasury securities $ 1,005 $ 0 $ 0 $ 1,005 U.S. government sponsored agency securities 0 6,106 0 6,106 Mortgage-backed securities 0 362,200 0 362,200 State and municipal securities 0 158,098 622 158,720 Total Securities 1,005 526,404 622 528,031 Mortgage banking derivative 0 241 0 241 Interest rate swap derivative 0 2,634 0 2,634 Total assets $ 1,005 $ 529,279 $ 622 $ 530,906 Liabilities Mortgage banking derivative 0 16 0 16 Interest rate swap derivative 0 2,742 0 2,742 Total liabilities $ 0 $ 2,758 $ 0 $ 2,758 December 31, 2016 Fair Value Measurements Using Assets (dollars in thousands) Level 1 Level 2 Level 3 at Fair Value Assets U.S. Treasury securities $ 1,003 $ 0 $ 0 $ 1,003 U.S. government sponsored agency securities 0 6,241 0 6,241 Mortgage-backed securities 0 351,568 0 351,568 State and municipal securities 0 144,709 670 145,379 Total Securities 1,003 502,518 670 504,191 Mortgage banking derivative 0 314 0 314 Interest rate swap derivative 0 2,645 0 2,645 Total assets $ 1,003 $ 505,477 $ 670 $ 507,150 Liabilities Mortgage banking derivative 0 14 0 14 Interest rate swap derivative 0 2,735 0 2,735 Total liabilities $ 0 $ 2,749 $ 0 $ 2,749 There were no transfers between Level 1 and Level 2 during the three months ended March 31, 2017 and there were no transfers between Level 1 and Level 2 during 2016. State and Municipal Securities (dollars in thousands) 2017 2016 Balance of recurring Level 3 assets at January 1 $ 670 $ 551 Transfers into Level 3 0 339 Changes in fair value of securities included in other comprehensive income (3) (1) Principal payments (45) (40) Balance of recurring Level 3 assets at March 31 $ 622 $ 849 The fair values of two municipal securities with a fair value of $339,000 as of March 31, 2016 were transferred from Level 2 and into Level 3 because of a lack of observable market data for these investments. The Company's policy is to recognize transfers as of the end of the reporting period. As a result the fair value for these municipal securities was transferred on March 31, 2016. The municipal securities measured at fair value included below are non-rated Indiana and Ohio municipal revenue bonds and are not actively traded. Quantitative Information about Level 3 Fair Value Measurements Range of Fair Value at Inputs (dollars in thousands) March 31, 2017 Valuation Technique Unobservable Input (Average) State and municipal securities $ 622 Price to type, par, call Discount to benchmark index 0-5% (2.73%) Quantitative Information about Level 3 Fair Value Measurements Range of Fair Value at Inputs (dollars in thousands) December 31, 2016 Valuation Technique Unobservable Input (Average) State and municipal securities $ 670 Price to type, par, call Discount to benchmark index 0-5% (2.98%) The primary methodology used in the fair value measurement of the Company's state and municipal securities classified as Level 3 is a discount to the AAA municipal benchmark index. Significant increases or (decreases) in this index as well as the degree to which the security differs in ratings, coupon, call and duration will result in a higher or (lower) fair value measurement for those securities that are not callable. For those securities that are continuously callable, a slight premium to par is used. The table below presents the balances of assets measured at fair value on a nonrecurring basis: March 31, 2017 Fair Value Measurements Using Assets (dollars in thousands) Level 1 Level 2 Level 3 at Fair Value Assets Impaired loans: Commercial and industrial loans: Working capital lines of credit loans $ 0 $ 0 $ 1,283 $ 1,283 Non-working capital loans 0 0 3,644 3,644 Commercial real estate and multi-family residential loans: Owner occupied loans 0 0 901 901 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 0 0 62 62 Total impaired loans $ 0 $ 0 $ 5,890 $ 5,890 Other real estate owned 0 0 75 75 Total assets $ 0 $ 0 $ 5,965 $ 5,965 December 31, 2016 Fair Value Measurements Using Assets (dollars in thousands) Level 1 Level 2 Level 3 at Fair Value Assets Impaired loans: Commercial and industrial loans: Working capital lines of credit loans $ 0 $ 0 $ 621 $ 621 Non-working capital loans 0 0 3,889 3,889 Commercial real estate and multi-family residential loans: Owner occupied loans 0 0 1,195 1,195 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 0 0 62 62 Total impaired loans $ 0 $ 0 $ 5,767 $ 5,767 Other real estate owned 0 0 75 75 Total assets $ 0 $ 0 $ 5,842 $ 5,842 (dollars in thousands) Fair Value Valuation Methodology Unobservable Inputs Average Range of Inputs Impaired loans: Commercial and industrial $ 4,927 Collateral based Discount to reflect 40% (22% - 100%) measurements current market conditions and ultimate collectability Impaired loans: Commercial real estate and 901 Collateral based Discount to reflect 40% (8% - 60%) multi-family residential loans measurements current market conditions and ultimate collectability Impaired loans: Consumer 1-4 family mortgage 62 Collateral based Discount to reflect 14% measurements current market conditions and ultimate collectability Other real estate owned 75 Appraisals Discount to reflect 49% current market conditions The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at December 31, 2016: (dollars in thousands) Fair Value Valuation Methodology Unobservable Inputs Average Range of Inputs Impaired loans: Commercial and industrial $ 4,510 Collateral based Discount to reflect 44% (22% - 100%) measurements current market conditions and ultimate collectability Impaired loans: Commercial real estate 1,195 Collateral based Discount to reflect 30% (6% - 59%) measurements current market conditions and ultimate collectability Impaired loans: Consumer 1-4 family mortgage 62 Collateral based Discount to reflect 15% measurements current market conditions and ultimate collectability Other real estate owned 75 Appraisals Discount to reflect 49% current market conditions Impaired loans, which are measured for impairment using the fair value of the collateral for collateral dependent loans, had a gross carrying amount of $9.8 million, with a valuation allowance of $3.9 million at March 31, 2017, resulting in a net increase in the provision for loan losses of $800,000 in the three months ended March 31, 2017. At March 31, 2016, impaired loans had a gross carrying amount of $7.1 million, with a valuation allowance of $2.5 million, resulting in a net increase in the provision for loan losses of $100,000 in the three months ended March 31, 2016. Other real estate owned measured at fair value less costs to sell, at both March 31, 2017 and March 31, 2016, had a net carrying amount of $75,000, which is made up of the outstanding balance of $147,000, net of a valuation allowance of $72,000, all of which was written down during 2012. March 31, 2017 Carrying Estimated Fair Value (dollars in thousands) Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 111,583 $ 109,578 $ 2,012 $ 0 $ 111,590 Securities available for sale 528,031 1,005 526,404 622 528,031 Real estate mortgages held for sale 3,869 0 3,943 0 3,943 Loans, net 3,488,505 0 0 3,474,070 3,474,070 Federal Home Loan Bank stock 8,102 N/A N/A N/A N/A Federal Reserve Bank stock 3,420 N/A N/A N/A N/A Accrued interest receivable 11,886 8 2,435 9,443 11,886 Financial Liabilities: Certificates of deposit (1,293,023) 0 (1,299,542) 0 (1,299,542) All other deposits (2,386,374) (2,386,374) 0 0 (2,386,374) Securities sold under agreements to repurchase (59,776) 0 (59,776) 0 (59,776) Other short-term borrowings (85,000) 0 (84,997) 0 (84,997) Long-term borrowings (30) 0 (32) 0 (32) Subordinated debentures (30,928) 0 0 (31,206) (31,206) Standby letters of credit (352) 0 0 (352) (352) Accrued interest payable (5,901) (99) (5,798) (4) (5,901) December 31, 2016 Carrying Estimated Fair Value (dollars in thousands) Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 167,280 $ 165,385 $ 1,899 $ 0 $ 167,284 Securities available for sale 504,191 1,003 502,518 670 504,191 Real estate mortgages held for sale 5,915 0 5,994 0 5,994 Loans, net 3,427,209 0 0 3,411,121 3,411,121 Federal Home Loan Bank stock 8,102 N/A N/A N/A N/A Federal Reserve Bank stock 3,420 N/A N/A N/A N/A Accrued interest receivable 11,687 3 2,688 8,996 11,687 Financial Liabilities: Certificates of deposit (1,163,818) 0 (1,169,905) 0 (1,169,905) All other deposits (2,414,094) (2,414,094) 0 0 (2,414,094) Securities sold under agreements to repurchase (50,045) 0 (50,045) 0 (50,045) Other short-term borrowings (180,000) 0 (180,005) 0 (180,005) Long-term borrowings (32) 0 (34) 0 (34) Subordinated debentures (30,928) 0 0 (31,194) (31,194) Standby letters of credit (323) 0 0 (323) (323) Accrued interest payable (5,676) (93) (5,580) (3) (5,676) The methods and assumptions, not previously presented, used to estimate fair values are described as follows: Cash and cash equivalents Loans, net Federal Home Loan Bank stock and Federal Reserve Bank stock Certificates of deposit All other deposits Securities sold under agreements to repurchase Other short-term borrowings Long-term borrowings Subordinated debentures Standby letters of credit Accrued interest receivable/payable |
SECURITIES SOLD UNDER AGREEMENT
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE | 3 Months Ended |
Mar. 31, 2017 | |
Securities Sold under Agreements to Repurchase [Abstract] | |
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE | NOTE 6. SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE Securities sold under agreements to repurchase represent collateralized borrowings with customers located primarily within the Company's service area. These repurchase liabilities are not covered by federal deposit insurance and are secured by securities owned. The Company retains the right to substitute similar type securities and has the right to withdraw all excess collateral applicable to the repurchase liabilities whenever the collateral values are in excess of the related repurchase liabilities. However, as a means of mitigating market risk, the Company maintains excess collateral to cover normal changes in the repurchase liability by monitoring daily usage. The Company maintains control of the securities through the use of third-party safekeeping arrangements. Securities sold under agreements to repurchase of $59.8 million and $50.0 million, which mature on demand, are secured by mortgage-backed securities with a carrying amount of $93.0 million and $98.0 million at March 31, 2017 and December 31, 2016, respectively. Additional information concerning recognition of these liabilities is disclosed in Note 8. |
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS | 3 Months Ended |
Mar. 31, 2017 | |
Employee Benefit Plans [Abstract] | |
EMPLOYEE BENEFIT PLANS | NOTE 7. EMPLOYEE BENEFIT PLANS Components of net periodic benefit cost: Three Months Ended March 31, Pension Benefits SERP Benefits (dollars in thousands) 2017 2016 2017 2016 Interest cost $26 $26 $10 $12 Expected return on plan assets (35) (35) (16) (18) Recognized net actuarial (gain) loss 46 34 20 20 Net pension expense (benefit) $37 $25 $14 $14 The Company previously disclosed in its financial statements for the year ended December 31, 2016 that it expected to contribute $355,000 to its pension plan and $41,000 to its Supplemental Executive Retirement Plan ("SERP") in 2017. The Company has contributed $118,000 to its pension plan and $41,000 to its SERP as of March 31, 2017. The Company expects to contribute $237,000 to its pension plan during the remainder of 2017. The Company does not expect to make any additional contributions to its SERP during the remainder of 2017. |
OFFSETTING ASSETS AND LIABILITI
OFFSETTING ASSETS AND LIABILITIES | 3 Months Ended |
Mar. 31, 2017 | |
Offsetting Assets And Liabilities [Abstract] | |
OFFSETTING ASSETS AND LIABILITIES | NOTE 8. OFFSETTING ASSETS AND LIABILITIES The following tables summarize gross and net information about financial instruments and derivative instruments that are offset in the statement of financial position or that are subject to an enforceable master netting arrangement at March 31, 2017 and December 31, 2016. March 31, 2017 Gross Net Amounts Gross Amounts of Assets Gross Amounts Not Amounts of Offset in the presented in Offset in the Statement Recognized Statement of the Statement of Financial Position Assets/ Financial of Financial Financial Cash (dollars in thousands) Liabilities Position Position Instruments Received Net Amount Assets Interest Rate Swap Derivatives $2,634 $0 $2,634 $0 $0 $2,634 Total Assets $2,634 $0 $2,634 $0 $0 $2,634 Liabilities Interest Rate Swap Derivatives $2,742 $0 $2,742 $0 $(1,910) $832 Repurchase Agreements 59,776 0 59,776 (59,776) 0 0 Total Liabilities $62,518 $0 $62,518 $(59,776) $(1,910) $832 December 31, 2016 Gross Net Amounts Gross Amounts of Assets Gross Amounts Not Amounts of Offset in the presented in Offset in the Statement Recognized Statement of the Statement of Financial Position Assets/ Financial of Financial Financial Cash (dollars in thousands) Liabilities Position Position Instruments Received Net Amount Assets Interest Rate Swap Derivatives $2,645 $0 $2,645 $0 $0 $2,645 Total Assets $2,645 $0 $2,645 $0 $0 $2,645 Liabilities Interest Rate Swap Derivatives $2,735 $0 $2,735 $0 $(1,330) $1,405 Repurchase Agreements 50,045 0 50,045 (50,045) 0 0 Total Liabilities $52,780 $0 $52,780 $(50,045) $(1,330) $1,405 If an event of default occurs causing an early termination of an interest rate swap derivative, any early termination amount payable to one party by the other party may be reduced by set-off against any other amount payable by the one party to the other party. If a default in performance of any obligation of a repurchase agreement occurs, each party will set-off property held in respect of transactions against obligations owing in respect of any other transactions. |
EARNINGS PER SHARE
EARNINGS PER SHARE | 3 Months Ended |
Mar. 31, 2017 | |
Earnings Per Share [Abstract] | |
EARNINGS PER SHARE | NOTE 9. EARNINGS PER SHARE Basic earnings per common share is net income available to common shareholders divided by the weighted average number of common shares outstanding during the period, including shares held in treasury on behalf of participants in the Company's Directors Fee Deferral Plan. Three Months Ended March 31, 2017 2016 Weighted average shares outstanding for basic earnings per common share* 25,152,242 25,019,753 Dilutive effect of stock options, awards and warrants* 443,894 308,053 Weighted average shares outstanding for diluted earnings per common share* 25,596,136 25,327,806 Basic earnings per common share* $0.58 $0.49 Diluted earnings per common share* $0.57 $0.48 * Share and per share data has been adjusted for a 3-for-2 stock split in the form of a stock dividend on August 5, 2016. |
ACCUMULATED OTHER COMPREHENSIVE
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | 3 Months Ended |
Mar. 31, 2017 | |
Stockholders Equity Note [Abstract] | |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | NOTE 10. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Unrealized Gains and Losses on Defined Available- Benefit for-Sales Pension (dollars in thousands) Securities Items Total Balance at December 31, 2016 $(722) $(1,665) $(2,387) Other comprehensive income before reclassification 448 0 448 Amounts reclassified from accumulated other comprehensive income (loss) (3) 40 37 Net current period other comprehensive income 445 40 485 Balance at March 31, 2017 $(277) $(1,625) $(1,902) Unrealized Gains and Losses on Defined Available- Benefit for-Sales Pension (dollars in thousands) Securities Items Total Balance at December 31, 2015 $3,836 $(1,694) $2,142 Other comprehensive income before reclassification (4,518) (101) (4,619) Amounts reclassified from accumulated other comprehensive income (loss) (40) 130 90 Net current period other comprehensive income (4,558) 29 (4,529) Balance at December 31, 2016 $(722) $(1,665) $(2,387) Details about Amount Affected Line Item Accumulated Other Reclassified From in the Statement Comprehensive Accumulated Other Where Net Income Components Comprehensive Income Income is Presented (dollars in thousands) Unrealized gains and losses on available-for-sale securities $3 Net securities gains (losses) Tax effect 0 Income tax expense 3 Net of tax Amortization of defined benefit pension items (66) Salaries and employee benefits Tax effect 26 Income tax expense (40) Net of tax Total reclassifications for the period $(37) Net income Reclassifications out of accumulated comprehensive income for the three months ended March 31, 2016 are as follows: Details about Amount Affected Line Item Accumulated Other Reclassified From in the Statement Comprehensive Accumulated Other Where Net Income Components Comprehensive Income Income is Presented (dollars in thousands) Unrealized gains and losses on available-for-sale securities $52 Net securities gains (losses) Tax effect (21) Income tax expense 31 Net of tax Amortization of defined benefit pension items (54) Salaries and employee benefits Tax effect 22 Income tax expense (32) Net of tax Total reclassifications for the period $(1) Net income |
NEW ACCOUNTING PRONOUNCEMENTS
NEW ACCOUNTING PRONOUNCEMENTS | 3 Months Ended |
Mar. 31, 2017 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
NEW ACCOUNTING PRONOUNCEMENTS | NOTE 11. NEW ACCOUNTING PRONOUNCEMENTS In May 2014, the FASB issued new accounting guidance related to revenue recognition. This new standard will replace all current U.S. GAAP guidance on this topic and eliminate all industry-specific guidance. The new revenue recognition standard provides a unified model to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. This guidance will be effective for the Company beginning January 1, 2018 and can be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. The largest revenue stream the Company has is from financial instruments, which is scoped out of this accounting standard. Management has evaluated our other revenue streams, to which this standard does apply and has identified one revenue stream, wealth advisory revenue, which requires further review of the individual trust contracts to determine what, if any impact this new accounting standard will have on the timing of that revenue and on our financial statements. In January 2016, the FASB amended existing accounting guidance related to the recognition and measurement of financial assets and financial liabilities. These amendments make targeted improvements to U.S. GAAP as follows: (1) Require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. (2) Simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. (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 (that is, securities or loans and receivable) on the balance sheet or the accompanying notes to the financial statements. (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. This guidance will be effective for the Company beginning January 1, 2018 and should be applied as a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values (including disclosure requirements) should be applied prospectively to equity investments that exist as of the date of adoption. Adopting this standard is not expected to have a significant impact on the Company's financial condition or results of operations. In February 2016, the FASB issued new accounting guidance related to leases. This update, effective for the Company beginning January 1, 2019, will replace existing lease guidance in GAAP and will require lessees to recognize lease assets and lease liabilities on the balance sheet for all leases and disclose key information about leasing arrangements. When implemented, lessees and lessors will be required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company currently has approximately $4.7 million of lease obligations that would come on balance sheet as both assets and liabilities upon adoption of this accounting standard. In March 2016, the FASB issued new guidance related to employee share-based payment accounting. This standard requires all income tax effects of awards to be recognized in the income statement when the awards vest or are settled. It also allows an employer to repurchase more of an employee's shares than it can today for tax withholding purposes without triggering liability accounting and to make a policy election for forfeitures as they occur. The guidance is effective for public business entities for fiscal years beginning after December 15, 2016, and interim periods within those years. Early adoption is permitted. The Company adopted this new standard effective January1, 2017. The adoption of this new standard could result in increased volatility to reported income tax expense related to excess tax benefits and tax deficiencies for employee share-based transactions, however, the actual amounts recognized in income tax expense will be dependent on the amount of employee share-based transactions and the stock price at the time of vesting or exercise. For the first quarter of 2017, adopting this new standard resulted in $924,000 in In June 2016, the FASB issued guidance related to credit losses on financial instruments. This update will change the accounting for credit losses on loans and debt securities. For loans, the proposal will require an expected credit loss model rather than the current incurred loss model to determine the allowance for credit losses. The expected credit loss model would estimate losses for the estimated life of the financial asset. In addition, the guidance will modify the other-than-temporary impairment model for available-for-sale debt securities to require an allowance for credit impairment instead of a direct write-down, which will allow for reversal of credit impairments in future periods. This guidance is effective for public business entities that meet the definition of an SEC filer for fiscal years beginning after December 15, 2019, including interim periods in those fiscal years. A committee has been formed to assess the requirements of this accounting standard as it relates to the Company and develop a plan for implementing them. Management expects to recognize credit losses earlier upon adoption of this accounting standard and the expected credit loss model than it has historically done under the current incurred credit loss model and is evaluating the impact of adopting this new accounting standard on our financial statements. In August 2016, the FASB issued guidance related to the classification of certain cash receipts and cash payments in the statement of cash flow. This standard provides cash flow statement classification guidance for certain transactions including how the predominance principle should be applied when cash receipts and cash payments have aspects of more than one class of cash flows. The guidance is effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years and should be applied retrospectively. Early adoption is permitted, including adoption in an interim period. Management does not expect the adoption of this new accounting standard to have a material impact on our financial statements. In January 2017, the FASB issued ASU No. 2017-04 "Intangibles - Goodwill and Other - Simplifying the Test for Goodwill Impairment." These amendments eliminate Step 2 from the goodwill impairment test. The amendments also eliminate the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The guidance is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. ASU 2017-04 should be adopted on a prospective basis. Management does not expect the adoption of this new accounting standard to have a material impact on our financial statements. In March 2017, the FASB issued ASU No. 2017-07, "Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. " Management does not expect the adoption of this new accounting standard to have a material impact on our financial statements |
RECLASSIFICATIONS
RECLASSIFICATIONS | 3 Months Ended |
Mar. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
RECLASSIFICATIONS | NOTE 12. RECLASSIFICATIONS Certain amounts appearing in the financial statements and notes thereto for prior periods have been reclassified to conform with the current presentation. The reclassification had no effect on net income or stockholders' equity as previously reported. |
SECURITIES (Tables)
SECURITIES (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Securities [Abstract] | |
Summary of Available-For-Sale Securities | Information related to the fair value and amortized cost of securities available for sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income is provided in the tables below. Gross Gross Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gain Losses Value March 31, 2017 U.S. Treasury securities $990 $15 $0 $1,005 U.S. government sponsored agencies 6,151 24 (69) 6,106 Agency residential mortgage-backed securities 361,730 3,375 (2,905) 362,200 State and municipal securities 159,586 2,081 (2,947) 158,720 Total $528,457 $5,495 $(5,921) $528,031 December 31, 2016 U.S. Treasury securities $990 $13 $0 $1,003 U.S. government sponsored agencies 6,312 10 (81) 6,241 Agency residential mortgage-backed securities 351,108 3,604 (3,144) 351,568 State and municipal securities 146,917 1,784 (3,322) 145,379 Total $505,327 $5,411 $(6,547) $504,191 |
Schedule of Available-For-Sale Securities By Maturity | Actual maturities of securities may differ from contractual maturities because borrowers may have the right to prepay the obligation without a prepayment penalty. Amortized Fair (dollars in thousands) Cost Value Due in one year or less $2,673 $2,715 Due after one year through five years 23,130 23,642 Due after five years through ten years 46,690 47,590 Due after ten years 94,234 91,884 166,727 165,831 Mortgage-backed securities 361,730 362,200 Total debt securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $528,457 $528,031 |
Schedule of Sales of Securities Available For Sale | Securities proceeds, gross gains and gross losses are presented below. Three months ended March 31, (dollars in thousands) 2017 2016 Sales of securities available for sale Proceeds $16,811 $6,929 Gross gains 197 65 Gross losses (194) 13 |
Schedule of Available-For-Sale Securities Continuous Unrealized Loss Position | The tables divide the securities between those with unrealized losses for less than twelve months and those with unrealized losses for twelve months or more. Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized (dollars in thousands) Value Losses Value Losses Value Losses March 31, 2017 U.S. government sponsored agencies $3,301 $69 $0 $0 $3,301 $69 Agency residential mortgage-backed securities 207,822 2,611 6,877 294 214,699 2,905 State and municipal securities 71,352 2,820 2,572 127 73,924 2,947 Total temporarily impaired $282,475 $5,500 $9,449 $421 $291,924 $5,921 December 31, 2016 U.S. government sponsored agencies $3,290 $81 $0 $0 $3,290 $81 Agency residential mortgage-backed securities 181,699 2,882 7,080 262 188,779 3,144 State and municipal securities 77,434 3,180 2,361 142 79,795 3,322 Total temporarily impaired $262,423 $6,143 $9,441 $404 $271,864 $6,547 |
Quantitative Disclosure of Available-For-Sale Securities | The total number of securities with unrealized losses as of March 31, 2017 and December 31, 2016 is presented below. Less than 12 months 12 months or more Total March 31, 2017 U.S. government sponsored agencies 1 0 1 Agency residential mortgage-backed securities 61 2 63 State and municipal securities 106 4 110 Total temporarily impaired 168 6 174 December 31, 2016 U.S. government sponsored agencies 0 1 1 Agency residential mortgage-backed securities 46 9 55 State and municipal securities 21 12 33 Total temporarily impaired 67 22 89 |
LOANS (Tables)
LOANS (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Loans [Abstract] | |
Schedule of Loans | March 31, December 31, (dollars in thousands) 2017 2016 Commercial and industrial loans: Working capital lines of credit loans $650,691 18.4 % $624,404 18.0 % Non-working capital loans 673,374 19.1 644,086 18.5 Total commercial and industrial loans 1,324,065 37.5 1,268,490 36.5 Commercial real estate and multi-family residential loans: Construction and land development loans 238,018 6.7 245,182 7.1 Owner occupied loans 468,621 13.3 469,705 13.5 Nonowner occupied loans 463,186 13.1 458,404 13.2 Multifamily loans 201,147 5.7 127,632 3.7 Total commercial real estate and multi-family residential loans 1,370,972 38.8 1,300,923 37.5 Agri-business and agricultural loans: Loans secured by farmland 138,071 3.9 172,633 5.0 Loans for agricultural production 189,516 5.4 222,210 6.4 Total agri-business and agricultural loans 327,587 9.3 394,843 11.4 Other commercial loans 105,684 3.0 98,270 2.8 Total commercial loans 3,128,308 88.6 3,062,526 88.2 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 166,158 4.7 163,155 4.7 Open end and junior lien loans 167,517 4.7 169,664 4.9 Residential construction and land development loans 10,274 0.3 15,015 0.4 Total consumer 1-4 family mortgage loans 343,949 9.7 347,834 10.0 Other consumer loans 60,881 1.7 61,308 1.8 Total consumer loans 404,830 11.4 409,142 11.8 Subtotal 3,533,138 100.0 % 3,471,668 100.0 % Less: Allowance for loan losses (43,774) (43,718) Net deferred loan fees (859) (741) Loans, net $3,488,505 $3,427,209 |
ALLOWANCE FOR LOAN LOSSES AND23
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Loans [Abstract] | |
In Allowance For Loan Losses and Recorded Investment In Loans By Portfolio Segment | The following tables present the activity in the allowance for loan losses by portfolio segment for the three-month periods ended March 31, 2017 and 2016: Commercial Real Estate Commercial and Agri-business Consumer and Multifamily and Other 1-4 Family Other (dollars in thousands) Industrial Residential Agricultural Commercial Mortgage Consumer Unallocated Total Three Months Ended March 31, 2017 Beginning balance, January 1 $20,272 $13,452 $3,532 $461 $2,827 $387 $2,787 $43,718 Provision for loan losses (339) 257 (77) 84 (77) 37 315 200 Loans charged-off (375) (48) 0 0 (7) (73) 0 (503) Recoveries 223 57 4 0 47 28 0 359 Net loans charged-off (152) 9 4 0 40 (45) 0 (144) Ending balance $19,781 $13,718 $3,459 $545 $2,790 $379 $3,102 $43,774 Commercial Real Estate Commercial and Agri-business Consumer and Multifamily and Other 1-4 Family Other (dollars in thousands) Industrial Residential Agricultural Commercial Mortgage Consumer Unallocated Total Three Months Ended March 31, 2016 Beginning balance, January 1 $21,564 $12,473 $2,445 $574 $3,395 $319 $2,840 $43,610 Provision for loan losses (947) 436 4 (15) 196 42 284 0 Loans charged-off (214) (168) 0 0 (38) (45) 0 (465) Recoveries 62 11 5 0 33 28 0 139 Net loans charged-off (152) (157) 5 0 (5) (17) 0 (326) Ending balance $20,465 $12,752 $2,454 $559 $3,586 $344 $3,124 $43,284 The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of March 31, 2017 and December 31, 2016: Commercial Real Estate Commercial and Agri-business Consumer and Multifamily and Other 1-4 Family Other (dollars in thousands) Industrial Residential Agricultural Commercial Mortgage Consumer Unallocated Total March 31, 2017 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $3,897 $598 $0 $0 $290 $46 $0 $4,831 Collectively evaluated for impairment 15,884 13,120 3,459 545 2,500 333 3,102 38,943 Total ending allowance balance $19,781 $13,718 $3,459 $545 $2,790 $379 $3,102 $43,774 Loans: Loans individually evaluated for impairment $11,042 $8,877 $283 $0 $1,410 $54 $0 $21,666 Loans collectively evaluated for impairment 1,312,912 1,360,487 327,363 105,681 343,545 60,625 0 3,510,613 Total ending loans balance $1,323,954 $1,369,364 $327,646 $105,681 $344,955 $60,679 $0 $3,532,279 Commercial Real Estate Commercial and Agri-business Consumer and Multi-family and Other 1-4 Family Other (dollars in thousands) Industrial Residential Agricultural Commercial Mortgage Consumer Unallocated Total December 31, 2016 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $3,191 $576 $0 $0 $296 $51 $0 $4,114 Collectively evaluated for impairment 17,081 12,876 3,532 461 2,531 336 2,787 39,604 Total ending allowance balance $20,272 $13,452 $3,532 $461 $2,827 $387 $2,787 $43,718 Loans: Loans individually evaluated for impairment $9,776 $9,151 $283 $0 $1,427 $55 $0 $20,692 Loans collectively evaluated for impairment 1,258,682 1,290,131 394,621 98,265 347,408 61,128 0 3,450,235 Total ending loans balance $1,268,458 $1,299,282 $394,904 $98,265 $348,835 $61,183 $0 $3,470,927 |
Loans individually evaluated for impairment | The following table presents loans individually evaluated for impairment by class of loans as of March 31, 2017: Unpaid Allowance for Principal Recorded Loan Losses (dollars in thousands) Balance Investment Allocated With no related allowance recorded: Commercial and industrial loans: Working capital lines of credit loans $783 $481 $0 Non-working capital loans 3,221 1,472 0 Commercial real estate and multi-family residential loans: Construction and land development loans 126 126 0 Owner occupied loans 2,911 2,663 0 Nonowner occupied loans 4,587 4,588 0 Agri-business and agricultural loans: Loans secured by farmland 603 283 0 Consumer 1-4 family loans: Closed end first mortgage loans 204 191 0 Open end and junior lien loans 369 156 0 With an allowance recorded: Commercial and industrial loans: Working capital lines of credit loans 2,373 2,372 1,072 Non-working capital loans 6,719 6,717 2,825 Commercial real estate and multi-family residential loans: Owner occupied loans 1,501 1,500 598 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 1,130 1,063 290 Other consumer loans 54 54 46 Total $24,581 $21,666 $4,831 The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2016: Unpaid Allowance for Principal Recorded Loan Losses (dollars in thousands) Balance Investment Allocated With no related allowance recorded: Commercial and industrial loans: Working capital lines of credit loans $951 $494 $0 Non-working capital loans 3,007 1,358 0 Commercial real estate and multi-family residential loans: Construction and land development loans 126 126 0 Owner occupied loans 2,868 2,620 0 Nonowner occupied loans 4,632 4,633 0 Agri-business and agricultural loans: Loans secured by farmland 603 283 0 Consumer 1-4 family loans: Closed end first mortgage loans 161 147 0 Open end and junior lien loans 408 195 0 With an allowance recorded: Commercial and industrial loans: Working capital lines of credit loans 1,100 1,099 465 Non-working capital loans 6,827 6,825 2,726 Commercial real estate and multi-family residential loans: Owner occupied loans 1,773 1,772 576 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 1,152 1,085 296 Other consumer loans 55 55 51 Total $23,663 $20,692 $4,114 The following table presents loans individually evaluated for impairment by class of loans as of and for the three-month period ended March 31, 2017: Cash Basis Average Interest Interest Recorded Income Income (dollars in thousands) Investment Recognized Recognized With no related allowance recorded: Commercial and industrial loans: Working capital lines of credit loans $577 $7 $7 Non-working capital loans 1,381 8 5 Commercial real estate and multi-family residential loans: Construction and land development loans 126 1 1 Owner occupied loans 2,572 1 1 Nonowner occupied loans 4,604 84 72 Agri-business and agricultural loans: Loans secured by farmland 283 0 0 Consumer 1-4 family loans: Closed end first mortgage loans 191 1 0 Open end and junior lien loans 156 0 0 With an allowance recorded: Commercial and industrial loans: Working capital lines of credit loans 1,363 11 8 Non-working capital loans 6,699 49 39 Commercial real estate and multi-family residential loans: Owner occupied loans 1,665 5 4 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 1,071 7 4 Other consumer loans 54 1 0 Total $20,742 $175 $141 The following table presents loans individually evaluated for impairment by class of loans as of and for the three-month period ended March 31, 2016: Cash Basis Average Interest Interest Recorded Income Income (dollars in thousands) Investment Recognized Recognized With no related allowance recorded: Commercial and industrial loans: Working capital lines of credit loans $20 $0 $0 Non-working capital loans 673 0 0 Commercial real estate and multi-family residential loans: Owner occupied loans 2,724 0 0 Nonowner occupied loans 4,808 29 23 Agri-business and agricultural loans: Loans secured by farmland 471 0 0 Consumer 1-4 family loans: Closed end first mortgage loans 47 0 0 With an allowance recorded: Commercial and industrial loans: Working capital lines of credit loans 1,352 5 5 Non-working capital loans 4,635 34 34 Commercial real estate and multi-family residential loans: Construction and land development loans 339 3 3 Owner occupied loans 942 0 0 Nonowner occupied loans 77 0 0 Multifamily loans 385 5 5 Other commercial loans 12 0 0 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 1,627 15 11 Open end and junior lien loans 251 0 0 Other consumer loans 59 1 1 Total $18,422 $92 $82 |
Aging of the Recorded Investment in Past Due Loans | 30-89 Greater than Loans Not Days 90 Days Total (dollars in thousands) Past Due Past Due Past Due Nonaccrual Past Due Total Commercial and industrial loans: Working capital lines of credit loans $649,021 $60 $0 $1,598 $1,658 $650,679 Non-working capital loans 669,325 9 0 3,941 3,950 673,275 Commercial real estate and multi-family residential loans: Construction and land development loans 237,365 0 0 0 0 237,365 Owner occupied loans 462,792 0 1,633 3,888 5,521 468,313 Nonowner occupied loans 462,282 399 0 114 513 462,795 Multifamily loans 200,891 0 0 0 0 200,891 Agri-business and agricultural loans: Loans secured by farmland 137,790 0 0 283 283 138,073 Loans for agricultural production 189,573 0 0 0 0 189,573 Other commercial loans 105,681 0 0 0 0 105,681 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 164,891 740 0 205 945 165,836 Open end and junior lien loans 168,488 232 0 156 388 168,876 Residential construction loans 10,243 0 0 0 0 10,243 Other consumer loans 60,626 53 0 0 53 60,679 Total $3,518,968 $1,493 $1,633 $10,185 $13,311 $3,532,279 The following table presents the aging of the recorded investment in past due loans as of December 31, 2016 by class of loans: 30-89 Greater than Loans Not Days 90 Days Total (dollars in thousands) Past Due Past Due Past Due Nonaccrual Past Due Total Commercial and industrial loans: Working capital lines of credit loans $624,213 $9 $0 $140 $149 $624,362 Non-working capital loans 642,014 0 0 2,082 2,082 644,096 Commercial real estate and multi-family residential loans: Construction and land development loans 244,411 0 0 0 0 244,411 Owner occupied loans 465,789 0 0 3,598 3,598 469,387 Nonowner occupied loans 457,880 0 0 122 122 458,002 Multi-family loans 127,482 0 0 0 0 127,482 Agri-business and agricultural loans: Loans secured by farmland 172,349 0 0 283 283 172,632 Loans for agricultural production 222,272 0 0 0 0 222,272 Other commercial loans 98,265 0 0 0 0 98,265 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 161,499 1,072 53 213 1,338 162,837 Open end and junior lien loans 170,372 448 0 195 643 171,015 Residential construction loans 14,983 0 0 0 0 14,983 Other consumer loans 61,119 64 0 0 64 61,183 Total $3,462,648 $1,593 $53 $6,633 $8,279 $3,470,927 |
Troubled Debt Restructuring | The Company is not committed to lend additional funds to debtors whose loans have been modified in a troubled debt restructuring. March 31 December 31 (dollars in thousands) 2017 2016 Accruing troubled debt restructured loans $10,234 $10,351 Nonaccrual troubled debt restructured loans 7,180 5,633 Total troubled debt restructured loans $17,414 $15,984 |
Loans by Class Modified as Troubled Debt Restructurings | The following table presents loans by class modified as new troubled debt restructurings that occurred during the three months ended March 31, 2017: Modified Repayment Terms Pre-Modification Post-Modification Extension Outstanding Outstanding Period or Number of Recorded Recorded Number of Range (dollars in thousands) Loans Investment Investment Loans (in months) Troubled Debt Restructurings Commercial and industrial loans: Non-working capital loans 2 1,712 1,712 2 6 Commercial real estate and multi- family residential loans: Owner occupied loans 1 486 486 1 6 Consumer 1-4 family loans: Closed end first mortgage loans 1 44 46 1 350 Total 4 $2,242 $2,244 4 6-350 The following table presents loans by class modified as new troubled debt restructurings that occurred during the three months ended March 31, 2016: Modified Repayment Terms Pre-Modification Post-Modification Extension Outstanding Outstanding Period or Number of Recorded Recorded Number of Range (dollars in thousands) Loans Investment Investment Loans (in months) Troubled Debt Restructurings Commercial real estate and multi- family residential loans: Owner occupied loans 1 $335 $335 1 15 Total 1 $335 $335 1 15 |
Credit Quality Indicators | As of March 31, 2017, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Special Not (dollars in thousands) Pass Mention Substandard Doubtful Rated Total Commercial and industrial loans: Working capital lines of credit loans $594,221 $30,356 $25,927 $0 $175 $650,679 Non-working capital loans 621,384 24,188 23,912 0 3,791 673,275 Commercial real estate and multi- family residential loans: Construction and land development loans 236,071 1,294 0 0 0 237,365 Owner occupied loans 440,213 11,633 16,467 0 0 468,313 Nonowner occupied loans 456,944 4,507 1,344 0 0 462,795 Multifamily loans 200,633 258 0 0 0 200,891 Agri-business and agricultural loans: Loans secured by farmland 133,300 3,052 1,721 0 0 138,073 Loans for agricultural production 185,248 3,627 698 0 0 189,573 Other commercial loans 105,677 0 0 0 4 105,681 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 44,657 0 1,254 0 119,925 165,836 Open end and junior lien loans 7,235 0 0 0 161,641 168,876 Residential construction loans 0 0 0 0 10,243 10,243 Other consumer loans 16,264 0 54 0 44,361 60,679 Total $3,041,847 $78,915 $71,377 $0 $340,140 $3,532,279 As of December 31, 2016, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows: Special Not (dollars in thousands) Pass Mention Substandard Doubtful Rated Total Commercial and industrial loans: Working capital lines of credit loans $577,208 $17,636 $29,396 $0 $122 $624,362 Non-working capital loans 583,135 32,587 24,405 0 3,969 644,096 Commercial real estate and multi- family residential loans: Construction and land development loans 242,964 1,447 0 0 0 244,411 Owner occupied loans 444,143 10,285 14,959 0 0 469,387 Nonowner occupied loans 451,390 4,550 2,062 0 0 458,002 Multi-family loans 127,219 263 0 0 0 127,482 Agri-business and agricultural loans: Loans secured by farmland 168,660 3,689 283 0 0 172,632 Loans for agricultural production 218,581 3,691 0 0 0 222,272 Other commercial loans 98,261 0 0 0 4 98,265 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 44,687 126 1,232 0 116,792 162,837 Open end and junior lien loans 7,028 0 0 0 163,987 171,015 Residential construction loans 0 0 0 0 14,983 14,983 Other consumer loans 17,717 0 55 0 43,411 61,183 Total $2,980,993 $74,274 $72,392 $0 $343,268 $3,470,927 |
FAIR VALUE DISCLOSURES (Tables)
FAIR VALUE DISCLOSURES (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Schedule of Assets Measured at Fair Value on a Recurring Basis | The table below presents the balances of assets measured at fair value on a recurring basis: March 31, 2017 Fair Value Measurements Using Assets (dollars in thousands) Level 1 Level 2 Level 3 at Fair Value Assets U.S. Treasury securities $ 1,005 $ 0 $ 0 $ 1,005 U.S. government sponsored agency securities 0 6,106 0 6,106 Mortgage-backed securities 0 362,200 0 362,200 State and municipal securities 0 158,098 622 158,720 Total Securities 1,005 526,404 622 528,031 Mortgage banking derivative 0 241 0 241 Interest rate swap derivative 0 2,634 0 2,634 Total assets $ 1,005 $ 529,279 $ 622 $ 530,906 Liabilities Mortgage banking derivative 0 16 0 16 Interest rate swap derivative 0 2,742 0 2,742 Total liabilities $ 0 $ 2,758 $ 0 $ 2,758 December 31, 2016 Fair Value Measurements Using Assets (dollars in thousands) Level 1 Level 2 Level 3 at Fair Value Assets U.S. Treasury securities $ 1,003 $ 0 $ 0 $ 1,003 U.S. government sponsored agency securities 0 6,241 0 6,241 Mortgage-backed securities 0 351,568 0 351,568 State and municipal securities 0 144,709 670 145,379 Total Securities 1,003 502,518 670 504,191 Mortgage banking derivative 0 314 0 314 Interest rate swap derivative 0 2,645 0 2,645 Total assets $ 1,003 $ 505,477 $ 670 $ 507,150 Liabilities Mortgage banking derivative 0 14 0 14 Interest rate swap derivative 0 2,735 0 2,735 Total liabilities $ 0 $ 2,749 $ 0 $ 2,749 |
Schedule of Reconciliation of All Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs | The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended March 31, 2017 and 2016: State and Municipal Securities (dollars in thousands) 2017 2016 Balance of recurring Level 3 assets at January 1 $ 670 $ 551 Transfers into Level 3 0 339 Changes in fair value of securities included in other comprehensive income (3) (1) Principal payments (45) (40) Balance of recurring Level 3 assets at March 31 $ 622 $ 849 |
Fair Value Measurements, Recurring, Valuation Techniques | Quantitative Information about Level 3 Fair Value Measurements Range of Fair Value at Inputs (dollars in thousands) March 31, 2017 Valuation Technique Unobservable Input (Average) State and municipal securities $ 622 Price to type, par, call Discount to benchmark index 0-5% (2.73%) Quantitative Information about Level 3 Fair Value Measurements Range of Fair Value at Inputs (dollars in thousands) December 31, 2016 Valuation Technique Unobservable Input (Average) State and municipal securities $ 670 Price to type, par, call Discount to benchmark index 0-5% (2.98%) |
Schedule of Assets Measured at Fair Value on a Nonrecurring Basis | March 31, 2017 Fair Value Measurements Using Assets (dollars in thousands) Level 1 Level 2 Level 3 at Fair Value Assets Impaired loans: Commercial and industrial loans: Working capital lines of credit loans $ 0 $ 0 $ 1,283 $ 1,283 Non-working capital loans 0 0 3,644 3,644 Commercial real estate and multi-family residential loans: Owner occupied loans 0 0 901 901 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 0 0 62 62 Total impaired loans $ 0 $ 0 $ 5,890 $ 5,890 Other real estate owned 0 0 75 75 Total assets $ 0 $ 0 $ 5,965 $ 5,965 December 31, 2016 Fair Value Measurements Using Assets (dollars in thousands) Level 1 Level 2 Level 3 at Fair Value Assets Impaired loans: Commercial and industrial loans: Working capital lines of credit loans $ 0 $ 0 $ 621 $ 621 Non-working capital loans 0 0 3,889 3,889 Commercial real estate and multi-family residential loans: Owner occupied loans 0 0 1,195 1,195 Consumer 1-4 family mortgage loans: Closed end first mortgage loans 0 0 62 62 Total impaired loans $ 0 $ 0 $ 5,767 $ 5,767 Other real estate owned 0 0 75 75 Total assets $ 0 $ 0 $ 5,842 $ 5,842 |
Fair Value Measured On Nonrecurring Basis Valuation Techniques | The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at March 31, 2017: (dollars in thousands) Fair Value Valuation Methodology Unobservable Inputs Average Range of Inputs Impaired loans: Commercial and industrial $ 4,927 Collateral based Discount to reflect 40% (22% - 100%) measurements current market conditions and ultimate collectability Impaired loans: Commercial real estate and 901 Collateral based Discount to reflect 40% (8% - 60%) multi-family residential loans measurements current market conditions and ultimate collectability Impaired loans: Consumer 1-4 family mortgage 62 Collateral based Discount to reflect 14% measurements current market conditions and ultimate collectability Other real estate owned 75 Appraisals Discount to reflect 49% current market conditions The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at December 31, 2016: (dollars in thousands) Fair Value Valuation Methodology Unobservable Inputs Average Range of Inputs Impaired loans: Commercial and industrial $ 4,510 Collateral based Discount to reflect 44% (22% - 100%) measurements current market conditions and ultimate collectability Impaired loans: Commercial real estate 1,195 Collateral based Discount to reflect 30% (6% - 59%) measurements current market conditions and ultimate collectability Impaired loans: Consumer 1-4 family mortgage 62 Collateral based Discount to reflect 15% measurements current market conditions and ultimate collectability Other real estate owned 75 Appraisals Discount to reflect 49% current market conditions |
Schedule of Fair Values and the Related Carrying Values of Financial Instruments | The following table contains the estimated fair values and the related carrying values of the Company's financial instruments. Items which are not financial instruments are not included. March 31, 2017 Carrying Estimated Fair Value (dollars in thousands) Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 111,583 $ 109,578 $ 2,012 $ 0 $ 111,590 Securities available for sale 528,031 1,005 526,404 622 528,031 Real estate mortgages held for sale 3,869 0 3,943 0 3,943 Loans, net 3,488,505 0 0 3,474,070 3,474,070 Federal Home Loan Bank stock 8,102 N/A N/A N/A N/A Federal Reserve Bank stock 3,420 N/A N/A N/A N/A Accrued interest receivable 11,886 8 2,435 9,443 11,886 Financial Liabilities: Certificates of deposit (1,293,023) 0 (1,299,542) 0 (1,299,542) All other deposits (2,386,374) (2,386,374) 0 0 (2,386,374) Securities sold under agreements to repurchase (59,776) 0 (59,776) 0 (59,776) Other short-term borrowings (85,000) 0 (84,997) 0 (84,997) Long-term borrowings (30) 0 (32) 0 (32) Subordinated debentures (30,928) 0 0 (31,206) (31,206) Standby letters of credit (352) 0 0 (352) (352) Accrued interest payable (5,901) (99) (5,798) (4) (5,901) December 31, 2016 Carrying Estimated Fair Value (dollars in thousands) Value Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents $ 167,280 $ 165,385 $ 1,899 $ 0 $ 167,284 Securities available for sale 504,191 1,003 502,518 670 504,191 Real estate mortgages held for sale 5,915 0 5,994 0 5,994 Loans, net 3,427,209 0 0 3,411,121 3,411,121 Federal Home Loan Bank stock 8,102 N/A N/A N/A N/A Federal Reserve Bank stock 3,420 N/A N/A N/A N/A Accrued interest receivable 11,687 3 2,688 8,996 11,687 Financial Liabilities: Certificates of deposit (1,163,818) 0 (1,169,905) 0 (1,169,905) All other deposits (2,414,094) (2,414,094) 0 0 (2,414,094) Securities sold under agreements to repurchase (50,045) 0 (50,045) 0 (50,045) Other short-term borrowings (180,000) 0 (180,005) 0 (180,005) Long-term borrowings (32) 0 (34) 0 (34) Subordinated debentures (30,928) 0 0 (31,194) (31,194) Standby letters of credit (323) 0 0 (323) (323) Accrued interest payable (5,676) (93) (5,580) (3) (5,676) |
EMPLOYEE BENEFIT PLANS (Tables)
EMPLOYEE BENEFIT PLANS (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Employee Benefit Plans [Abstract] | |
Components of Net Periodic Benefit Cost | Components of net periodic benefit cost: Three Months Ended March 31, Pension Benefits SERP Benefits (dollars in thousands) 2017 2016 2017 2016 Interest cost $26 $26 $10 $12 Expected return on plan assets (35) (35) (16) (18) Recognized net actuarial (gain) loss 46 34 20 20 Net pension expense (benefit) $37 $25 $14 $14 |
OFFSETTING ASSETS AND LIABILI26
OFFSETTING ASSETS AND LIABILITIES (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Offsettings [Abstract] | |
Offsetting Assets And Liability | The following tables summarize gross and net information about financial instruments and derivative instruments that are offset in the statement of financial position or that are subject to an enforceable master netting arrangement at March 31, 2017 and December 31, 2016. March 31, 2017 Gross Net Amounts Gross Amounts of Assets Gross Amounts Not Amounts of Offset in the presented in Offset in the Statement Recognized Statement of the Statement of Financial Position Assets/ Financial of Financial Financial Cash (dollars in thousands) Liabilities Position Position Instruments Received Net Amount Assets Interest Rate Swap Derivatives $2,634 $0 $2,634 $0 $0 $2,634 Total Assets $2,634 $0 $2,634 $0 $0 $2,634 Liabilities Interest Rate Swap Derivatives $2,742 $0 $2,742 $0 $(1,910) $832 Repurchase Agreements 59,776 0 59,776 (59,776) 0 0 Total Liabilities $62,518 $0 $62,518 $(59,776) $(1,910) $832 December 31, 2016 Gross Net Amounts Gross Amounts of Assets Gross Amounts Not Amounts of Offset in the presented in Offset in the Statement Recognized Statement of the Statement of Financial Position Assets/ Financial of Financial Financial Cash (dollars in thousands) Liabilities Position Position Instruments Received Net Amount Assets Interest Rate Swap Derivatives $2,645 $0 $2,645 $0 $0 $2,645 Total Assets $2,645 $0 $2,645 $0 $0 $2,645 Liabilities Interest Rate Swap Derivatives $2,735 $0 $2,735 $0 $(1,330) $1,405 Repurchase Agreements 50,045 0 50,045 (50,045) 0 0 Total Liabilities $52,780 $0 $52,780 $(50,045) $(1,330) $1,405 |
EARNINGS PER SHARE (Tables)
EARNINGS PER SHARE (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Earnings Per Share [Abstract] | |
Schedule of weighted average number of shares | Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock options, stock awards and warrants, none of which were antidilutive. Three Months Ended March 31, 2017 2016 Weighted average shares outstanding for basic earnings per common share* 25,152,242 25,019,753 Dilutive effect of stock options, awards and warrants* 443,894 308,053 Weighted average shares outstanding for diluted earnings per common share* 25,596,136 25,327,806 Basic earnings per common share* $0.58 $0.49 Diluted earnings per common share* $0.57 $0.48 * Share and per share data has been adjusted for a 3-for-2 stock split in the form of a stock dividend on August 5, 2016. |
ACCUMULATED OTHER COMPREHENSI28
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Stockholders Equity Note [Abstract] | |
Schedule of Changes in Accumulated Other Comprehensive Income | The following tables summarize the changes within each classification of accumulated other comprehensive income (loss) for the three months ended March 31, 2017 and the year ended December 31, 2016: Unrealized Gains and Losses on Defined Available- Benefit for-Sales Pension (dollars in thousands) Securities Items Total Balance at December 31, 2016 $(722) $(1,665) $(2,387) Other comprehensive income before reclassification 448 0 448 Amounts reclassified from accumulated other comprehensive income (loss) (3) 40 37 Net current period other comprehensive income 445 40 485 Balance at March 31, 2017 $(277) $(1,625) $(1,902) Unrealized Gains and Losses on Defined Available- Benefit for-Sales Pension (dollars in thousands) Securities Items Total Balance at December 31, 2015 $3,836 $(1,694) $2,142 Other comprehensive income before reclassification (4,518) (101) (4,619) Amounts reclassified from accumulated other comprehensive income (loss) (40) 130 90 Net current period other comprehensive income (4,558) 29 (4,529) Balance at December 31, 2016 $(722) $(1,665) $(2,387) |
Reclassification Accumulated Other Comprehensive Income | Reclassifications out of accumulated comprehensive income for the three months ended March 31, 2017 are as follows: Details about Amount Affected Line Item Accumulated Other Reclassified From in the Statement Comprehensive Accumulated Other Where Net Income Components Comprehensive Income Income is Presented (dollars in thousands) Unrealized gains and losses on available-for-sale securities $3 Net securities gains (losses) Tax effect 0 Income tax expense 3 Net of tax Amortization of defined benefit pension items (66) Salaries and employee benefits Tax effect 26 Income tax expense (40) Net of tax Total reclassifications for the period $(37) Net income Reclassifications out of accumulated comprehensive income for the three months ended March 31, 2016 are as follows: Details about Amount Affected Line Item Accumulated Other Reclassified From in the Statement Comprehensive Accumulated Other Where Net Income Components Comprehensive Income Income is Presented (dollars in thousands) Unrealized gains and losses on available-for-sale securities $52 Net securities gains (losses) Tax effect (21) Income tax expense 31 Net of tax Amortization of defined benefit pension items (54) Salaries and employee benefits Tax effect 22 Income tax expense (32) Net of tax Total reclassifications for the period $(1) Net income |
SECURITIES (Summary Of Availabl
SECURITIES (Summary Of Available Sale Of Securities) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Information related to available for sale securities [Abstract] | ||
Amortized Cost | $ 528,457 | $ 505,327 |
Gross Unrealized Gain | 5,495 | 5,411 |
Gross Unrealized Losses | (5,921) | (6,547) |
Fair Value | 528,031 | 504,191 |
US Treasury Securities [Member] | ||
Information related to available for sale securities [Abstract] | ||
Amortized Cost | 990 | 990 |
Gross Unrealized Gain | 15 | 13 |
Gross Unrealized Losses | 0 | 0 |
Fair Value | 1,005 | 1,003 |
US Government Sponsored Agencies [Member] | ||
Information related to available for sale securities [Abstract] | ||
Amortized Cost | 6,151 | 6,312 |
Gross Unrealized Gain | 24 | 10 |
Gross Unrealized Losses | (69) | (81) |
Fair Value | 6,106 | 6,241 |
Agency Residential Mortgage-Backed Securities [Member] | ||
Information related to available for sale securities [Abstract] | ||
Amortized Cost | 361,730 | 351,108 |
Gross Unrealized Gain | 3,375 | 3,604 |
Gross Unrealized Losses | (2,905) | (3,144) |
Fair Value | 362,200 | 351,568 |
State and Municipal Securities [Member] | ||
Information related to available for sale securities [Abstract] | ||
Amortized Cost | 159,586 | 146,917 |
Gross Unrealized Gain | 2,081 | 1,784 |
Gross Unrealized Losses | (2,947) | (3,322) |
Fair Value | $ 158,720 | $ 145,379 |
SECURITIES (Schedule Of Availab
SECURITIES (Schedule Of Available Sale Of Securities By Maturity) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Maturities of Available-for-sale Debt Securities [Abstract] | ||
Amortized Cost, Due in one year or less | $ 2,673 | |
Amortized Cost, Due after one year through five years | 23,130 | |
Amortized Cost, Due after five years through ten years | 46,690 | |
Amortized Cost, Due after ten years | 94,234 | |
Amortized Cost, Available for sale securities with maturities amortized cost | 166,727 | |
Amortized Cost, Mortgage-backed securities | 361,730 | |
Amortized Cost, Total debt securities | 528,457 | $ 505,327 |
Fair Value, Due in one year or less | 2,715 | |
Fair Value, Due after one year through five years | 23,642 | |
Fair Value, Due after five years through ten years | 47,590 | |
Fair Value, Due after ten years | 91,884 | |
Fair Value, Available for sale securities with maturities fair value | 165,831 | |
Fair Value, Mortgage-backed securities | 362,200 | |
Fair Value, Total debt securities | $ 528,031 | $ 504,191 |
SECURITIES (Schedule Of Sales O
SECURITIES (Schedule Of Sales Of Securities Available For Sale) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Sales of securities available for sale | ||
Proceeds | $ 16,811 | $ 6,929 |
Gross gains | 197 | 65 |
Gross losses | $ (194) | $ 13 |
SECURITIES (Schedule Of Avail32
SECURITIES (Schedule Of Available Sale Of Securities Continuous Unrealized Loss Position) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Securities with unrealized losses [Abstract] | ||
Less than 12 months, Fair Value | $ 282,475 | $ 262,423 |
12 months or more, Fair value | 9,449 | 9,441 |
Total Fair value | 291,924 | 271,864 |
Less than 12 Months, Unrealized Losses | 5,500 | 6,143 |
12 Months or more, Unrealized Losses | 421 | 404 |
Total Unrealized Losses | 5,921 | 6,547 |
US Government Sponsored Agencies [Member] | ||
Securities with unrealized losses [Abstract] | ||
Less than 12 months, Fair Value | 3,301 | 3,290 |
12 months or more, Fair value | 0 | 0 |
Total Fair value | 3,301 | 3,290 |
Less than 12 Months, Unrealized Losses | 69 | 81 |
12 Months or more, Unrealized Losses | 0 | 0 |
Total Unrealized Losses | 69 | 81 |
Agency Residential Mortgage-Backed Securities [Member] | ||
Securities with unrealized losses [Abstract] | ||
Less than 12 months, Fair Value | 207,822 | 181,699 |
12 months or more, Fair value | 6,877 | 7,080 |
Total Fair value | 214,699 | 188,779 |
Less than 12 Months, Unrealized Losses | 2,611 | 2,882 |
12 Months or more, Unrealized Losses | 294 | 262 |
Total Unrealized Losses | 2,905 | 3,144 |
State and Municipal Securities [Member] | ||
Securities with unrealized losses [Abstract] | ||
Less than 12 months, Fair Value | 71,352 | 77,434 |
12 months or more, Fair value | 2,572 | 2,361 |
Total Fair value | 73,924 | 79,795 |
Less than 12 Months, Unrealized Losses | 2,820 | 3,180 |
12 Months or more, Unrealized Losses | 127 | 142 |
Total Unrealized Losses | $ 2,947 | $ 3,322 |
SECURITIES (Quantitative Disclo
SECURITIES (Quantitative Disclosure Of Available Sale Of Securities) (Details) | Mar. 31, 2017 | Dec. 31, 2016 |
Number of securities with unrealized losses [Abstract] | ||
Number of available-for-sale securities in unrealized loss positions, less than 12 months | 168 | 67 |
Number of available-for-sale securities in unrealized loss positions, 12 months or more | 6 | 22 |
Available-for-sale, Securities in Unrealized Loss Positions, Number of Positions | 174 | 89 |
US Government Sponsored Agencies [Member] | ||
Number of securities with unrealized losses [Abstract] | ||
Number of available-for-sale securities in unrealized loss positions, less than 12 months | 1 | 0 |
Number of available-for-sale securities in unrealized loss positions, 12 months or more | 0 | 1 |
Available-for-sale, Securities in Unrealized Loss Positions, Number of Positions | 1 | 1 |
Agency Residential Mortgage-Backed Securities [Member] | ||
Number of securities with unrealized losses [Abstract] | ||
Number of available-for-sale securities in unrealized loss positions, less than 12 months | 61 | 46 |
Number of available-for-sale securities in unrealized loss positions, 12 months or more | 2 | 9 |
Available-for-sale, Securities in Unrealized Loss Positions, Number of Positions | 63 | 55 |
State and Municipal Securities [Member] | ||
Number of securities with unrealized losses [Abstract] | ||
Number of available-for-sale securities in unrealized loss positions, less than 12 months | 106 | 21 |
Number of available-for-sale securities in unrealized loss positions, 12 months or more | 4 | 12 |
Available-for-sale, Securities in Unrealized Loss Positions, Number of Positions | 110 | 33 |
SECURITIES (Additional informat
SECURITIES (Additional information) (Details) - USD ($) $ in Millions | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Information related to available for sale securities [Abstract] | |||
Cost basis of securities sold | $ 16.8 | $ 6.9 | |
Fair Value of securities slold | 16.8 | $ 7 | |
Available-for-sale Securities pledged as collateral | $ 161.5 | $ 168.3 |
LOANS (Total Loans Outstanding)
LOANS (Total Loans Outstanding) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 3,533,138 | $ 3,471,668 | ||
Percentage of Total commercial loans | 100.00% | |||
Percentage of Total consumer loans | 100.00% | |||
Less: Allowance for loan losses | $ (43,774) | $ (43,718) | $ (43,284) | $ (43,610) |
Net deferred loan fees | (859) | (741) | ||
Loans, net | 3,488,505 | 3,427,209 | ||
Commercial Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 3,128,308 | $ 3,062,526 | ||
Percentage of Total commercial loans | 88.60% | |||
Percentage of Total consumer loans | 88.20% | |||
Other consumer loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 60,881 | $ 61,308 | ||
Percentage of Total commercial loans | 1.70% | |||
Percentage of Total consumer loans | 1.80% | |||
Consumer Loan [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 404,830 | $ 409,142 | ||
Percentage of Total commercial loans | 11.40% | |||
Percentage of Total consumer loans | 11.80% | |||
Commercial and Industrial Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Less: Allowance for loan losses | $ (19,781) | $ (20,272) | (20,465) | (21,564) |
Commercial and Industrial Loans [Member] | Commercial Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 1,324,065 | $ 1,268,490 | ||
Percentage of Total commercial loans | 37.50% | |||
Percentage of Total consumer loans | 36.50% | |||
Commercial and Industrial Loans [Member] | Working Capital Lines Of Credit Loans [Member] | Commercial Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 650,691 | $ 624,404 | ||
Percentage of Total commercial loans | 18.40% | |||
Percentage of Total consumer loans | 18.00% | |||
Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | Commercial Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 673,374 | $ 644,086 | ||
Percentage of Total commercial loans | 19.10% | |||
Percentage of Total consumer loans | 18.50% | |||
Commercial Real Estate and Multi-family Residential Loans [Member] | Commercial Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 1,370,972 | $ 1,300,923 | ||
Percentage of Total commercial loans | 38.80% | |||
Percentage of Total consumer loans | 37.50% | |||
Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and Land Development Loans [Member] | Commercial Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 238,018 | $ 245,182 | ||
Percentage of Total commercial loans | 6.70% | |||
Percentage of Total consumer loans | 7.10% | |||
Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | Commercial Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 468,621 | $ 469,705 | ||
Percentage of Total commercial loans | 13.30% | |||
Percentage of Total consumer loans | 13.50% | |||
Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | Commercial Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 463,186 | $ 458,404 | ||
Percentage of Total commercial loans | 13.10% | |||
Percentage of Total consumer loans | 13.20% | |||
Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | Commercial Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 201,147 | $ 127,632 | ||
Percentage of Total commercial loans | 5.70% | |||
Percentage of Total consumer loans | 3.70% | |||
Agri-business and Agricultural Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Less: Allowance for loan losses | $ (3,459) | $ (3,532) | $ (2,454) | $ (2,445) |
Agri-business and Agricultural Loans [Member] | Commercial Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 327,587 | $ 394,843 | ||
Percentage of Total commercial loans | 9.30% | |||
Percentage of Total consumer loans | 11.40% | |||
Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | Commercial Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 138,071 | $ 172,633 | ||
Percentage of Total commercial loans | 3.90% | |||
Percentage of Total consumer loans | 5.00% | |||
Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | Commercial Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 189,516 | $ 222,210 | ||
Percentage of Total commercial loans | 5.40% | |||
Percentage of Total consumer loans | 6.40% | |||
Other Commercial Loans [Member] | Commercial Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 105,684 | $ 98,270 | ||
Percentage of Total commercial loans | 3.00% | |||
Percentage of Total consumer loans | 2.80% | |||
Total Consumer 1 To 4 Family Mortgage Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 343,949 | $ 347,834 | ||
Percentage of Total commercial loans | 9.70% | |||
Percentage of Total consumer loans | 10.00% | |||
Total Consumer 1 To 4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 166,158 | $ 163,155 | ||
Percentage of Total commercial loans | 4.70% | |||
Percentage of Total consumer loans | 4.70% | |||
Total Consumer 1 To 4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 167,517 | $ 169,664 | ||
Percentage of Total commercial loans | 4.70% | |||
Percentage of Total consumer loans | 4.90% | |||
Total Consumer 1 To 4 Family Mortgage Loans [Member] | Residential Construction and Land Development Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total Commercial And Consumer Loans | $ 10,274 | $ 15,015 | ||
Percentage of Total commercial loans | 0.30% | |||
Percentage of Total consumer loans | 0.40% |
LOANS (Additional information)
LOANS (Additional information) (Details) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Mortgage Loans in Process of Foreclosure, Amount | $ 282,000 | $ 241,000 |
ALLOWANCE FOR LOAN LOSSES AND37
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Allowance for loan losses by portfolio segment) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | $ 43,718 | $ 43,610 |
Provision for loan losses | (200) | 0 |
Loans charged-off | (503) | (465) |
Recoveries | 359 | 139 |
Net loans charged-off | (144) | (326) |
Ending balance | 43,774 | 43,284 |
Commercial and Industrial Loans [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 20,272 | 21,564 |
Provision for loan losses | (339) | (947) |
Loans charged-off | (375) | (214) |
Recoveries | 223 | 62 |
Net loans charged-off | (152) | (152) |
Ending balance | 19,781 | 20,465 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 13,452 | 12,473 |
Provision for loan losses | 257 | 436 |
Loans charged-off | (48) | (168) |
Recoveries | 57 | 11 |
Net loans charged-off | 9 | (157) |
Ending balance | 13,718 | 12,752 |
Agri-business and Agricultural Loans [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 3,532 | 2,445 |
Provision for loan losses | (77) | 4 |
Loans charged-off | 0 | 0 |
Recoveries | 4 | 5 |
Net loans charged-off | 4 | 5 |
Ending balance | 3,459 | 2,454 |
Other Commercial [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 461 | 574 |
Provision for loan losses | 84 | (15) |
Loans charged-off | 0 | 0 |
Recoveries | 0 | 0 |
Net loans charged-off | 0 | 0 |
Ending balance | 545 | 559 |
Consumer 1-4 Family Mortgage Loans [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 2,827 | 3,395 |
Provision for loan losses | (77) | 196 |
Loans charged-off | (7) | (38) |
Recoveries | 47 | 33 |
Net loans charged-off | 40 | (5) |
Ending balance | 2,790 | 3,586 |
Other Consumer [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 387 | 319 |
Provision for loan losses | 37 | 42 |
Loans charged-off | (73) | (45) |
Recoveries | 28 | 28 |
Net loans charged-off | (45) | (17) |
Ending balance | 379 | 344 |
Unallocated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 2,787 | 2,840 |
Provision for loan losses | 315 | 284 |
Loans charged-off | 0 | 0 |
Recoveries | 0 | 0 |
Net loans charged-off | 0 | 0 |
Ending balance | $ 3,102 | $ 3,124 |
ALLOWANCE FOR LOAN LOSSES AND38
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Balance In The Allowance For Loan Losses And The Recorded Investment In Loans By Portfolio Management) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | Dec. 31, 2015 |
Ending allowance balance attributable to loans: | ||||
Individually evaluated for impairment | $ 4,831 | $ 4,114 | ||
Collectively evaluated for impairment | 38,943 | 39,604 | ||
Total ending allowance balance | 43,774 | 43,718 | $ 43,284 | $ 43,610 |
Loans: | ||||
Loans individually evaluated for impairment | 21,666 | 20,692 | ||
Loans collectively evaluated for impairment | 3,510,613 | 3,450,235 | ||
Total ending loans balance | 3,532,279 | 3,470,927 | ||
Commercial and Industrial Loans [Member] | ||||
Ending allowance balance attributable to loans: | ||||
Individually evaluated for impairment | 3,897 | 3,191 | ||
Collectively evaluated for impairment | 15,884 | 17,081 | ||
Total ending allowance balance | 19,781 | 20,272 | 20,465 | 21,564 |
Loans: | ||||
Loans individually evaluated for impairment | 11,042 | 9,776 | ||
Loans collectively evaluated for impairment | 1,312,912 | 1,258,682 | ||
Total ending loans balance | 1,323,954 | 1,268,458 | ||
Commercial Real Estate and Multi-Family Residential Loans [Member] | ||||
Ending allowance balance attributable to loans: | ||||
Individually evaluated for impairment | 598 | 576 | ||
Collectively evaluated for impairment | 13,120 | 12,876 | ||
Total ending allowance balance | 13,718 | 13,452 | 12,752 | 12,473 |
Loans: | ||||
Loans individually evaluated for impairment | 8,877 | 9,151 | ||
Loans collectively evaluated for impairment | 1,360,487 | 1,290,131 | ||
Total ending loans balance | 1,369,364 | 1,299,282 | ||
Agri Business and Agricultural Loans [Member] | ||||
Ending allowance balance attributable to loans: | ||||
Individually evaluated for impairment | 0 | 0 | ||
Collectively evaluated for impairment | 3,459 | 3,532 | ||
Total ending allowance balance | 3,459 | 3,532 | 2,454 | 2,445 |
Loans: | ||||
Loans individually evaluated for impairment | 283 | 283 | ||
Loans collectively evaluated for impairment | 327,363 | 394,621 | ||
Total ending loans balance | 327,646 | 394,904 | ||
Other Commercial [Member] | ||||
Ending allowance balance attributable to loans: | ||||
Individually evaluated for impairment | 0 | 0 | ||
Collectively evaluated for impairment | 545 | 461 | ||
Total ending allowance balance | 545 | 461 | 559 | 574 |
Loans: | ||||
Loans individually evaluated for impairment | 0 | 0 | ||
Loans collectively evaluated for impairment | 105,681 | 98,265 | ||
Total ending loans balance | 105,681 | 98,265 | ||
Consumer 1-4 Family Mortgage Loans [Member] | ||||
Ending allowance balance attributable to loans: | ||||
Individually evaluated for impairment | 290 | 296 | ||
Collectively evaluated for impairment | 2,500 | 2,531 | ||
Total ending allowance balance | 2,790 | 2,827 | 3,586 | 3,395 |
Loans: | ||||
Loans individually evaluated for impairment | 1,410 | 1,427 | ||
Loans collectively evaluated for impairment | 343,545 | 347,408 | ||
Total ending loans balance | 344,955 | 348,835 | ||
Other Consumer [Member] | ||||
Ending allowance balance attributable to loans: | ||||
Individually evaluated for impairment | 46 | 51 | ||
Collectively evaluated for impairment | 333 | 336 | ||
Total ending allowance balance | 379 | 387 | 344 | 319 |
Loans: | ||||
Loans individually evaluated for impairment | 54 | 55 | ||
Loans collectively evaluated for impairment | 60,625 | 61,128 | ||
Total ending loans balance | 60,679 | 61,183 | ||
Unallocated [Member] | ||||
Ending allowance balance attributable to loans: | ||||
Individually evaluated for impairment | 0 | 0 | ||
Collectively evaluated for impairment | 3,102 | 2,787 | ||
Total ending allowance balance | 3,102 | 2,787 | $ 3,124 | $ 2,840 |
Loans: | ||||
Loans individually evaluated for impairment | 0 | 0 | ||
Loans collectively evaluated for impairment | 0 | 0 | ||
Total ending loans balance | $ 0 | $ 0 |
ALLOWANCE FOR LOAN LOSSES AND39
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Loans Individually Evaluated For Impairment) (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Loans Individually Evaluated for Impairment [Abstract] | |||
Unpaid Principal Balance | $ 24,581 | $ 23,663 | |
Recorded Investment | 21,666 | 20,692 | |
Allowance for Loan Losses Allocated | 4,831 | 4,114 | |
Average Recorded Investment | 20,742 | $ 18,422 | |
Interest Income Recognized | 175 | 92 | |
Cash Basis Interest Income Recogonized | 141 | 82 | |
Other Commercial Loans [Member] | |||
Loans Individually Evaluated for Impairment [Abstract] | |||
Average Recorded Investment with an allowance recorded | 12 | ||
Interest Income Recognized with an allowance recorded | 0 | ||
Cash basis interest income recognized with an allowance recorded | 0 | ||
Other Consumer Loans [Member] | |||
Loans Individually Evaluated for Impairment [Abstract] | |||
Unpaid principal balance with an allowance recorded | 54 | 55 | |
Recorded investment with an allowance recorded | 54 | 55 | |
Allowance for loans losses allocated with an allowance recorded | 46 | 51 | |
Average Recorded Investment with an allowance recorded | 54 | 59 | |
Interest Income Recognized with an allowance recorded | 1 | 1 | |
Cash basis interest income recognized with an allowance recorded | 0 | 1 | |
Commercial and Industrial Loans [Member] | |||
Loans Individually Evaluated for Impairment [Abstract] | |||
Allowance for Loan Losses Allocated | 3,897 | 3,191 | |
Commercial and Industrial Loans [Member] | Working Capital Lines Of Credit Loans [Member] | |||
Loans Individually Evaluated for Impairment [Abstract] | |||
Unpaid principal balance with no related allowance recorded | 783 | 951 | |
Unpaid principal balance with an allowance recorded | 2,373 | 1,100 | |
Recorded Investment with no related allowance recorded | 481 | 494 | |
Recorded investment with an allowance recorded | 2,372 | 1,099 | |
Allowance for loan losses allocated with no related allowance recorded | 0 | 0 | |
Allowance for loans losses allocated with an allowance recorded | 1,072 | 465 | |
Average Recorded Investment with no related allowance recorded | 577 | 20 | |
Average Recorded Investment with an allowance recorded | 1,363 | 1,352 | |
Interest Income Recognized with no related allowance recorded | 7 | 0 | |
Interest Income Recognized with an allowance recorded | 11 | 5 | |
Cash basis interest income recognized with no related allowance recorded | 7 | 0 | |
Cash basis interest income recognized with an allowance recorded | 8 | 5 | |
Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | |||
Loans Individually Evaluated for Impairment [Abstract] | |||
Unpaid principal balance with no related allowance recorded | 3,221 | 3,007 | |
Unpaid principal balance with an allowance recorded | 6,719 | 6,827 | |
Recorded Investment with no related allowance recorded | 1,472 | 1,358 | |
Recorded investment with an allowance recorded | 6,717 | 6,825 | |
Allowance for loan losses allocated with no related allowance recorded | 0 | 0 | |
Allowance for loans losses allocated with an allowance recorded | 2,825 | 2,726 | |
Average Recorded Investment with no related allowance recorded | 1,381 | 673 | |
Average Recorded Investment with an allowance recorded | 6,699 | 4,635 | |
Interest Income Recognized with no related allowance recorded | 8 | 0 | |
Interest Income Recognized with an allowance recorded | 49 | 34 | |
Cash basis interest income recognized with no related allowance recorded | 5 | 0 | |
Cash basis interest income recognized with an allowance recorded | 39 | 34 | |
Commercial Real Estate and Multi-Family Residential Loans [Member] | |||
Loans Individually Evaluated for Impairment [Abstract] | |||
Allowance for Loan Losses Allocated | 598 | 576 | |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and Land Development Loans [Member] | |||
Loans Individually Evaluated for Impairment [Abstract] | |||
Unpaid principal balance with no related allowance recorded | 126 | ||
Unpaid principal balance with an allowance recorded | 126 | ||
Recorded Investment with no related allowance recorded | 126 | ||
Recorded investment with an allowance recorded | 126 | ||
Allowance for loan losses allocated with no related allowance recorded | 0 | ||
Allowance for loans losses allocated with an allowance recorded | 0 | ||
Average Recorded Investment with no related allowance recorded | 126 | ||
Average Recorded Investment with an allowance recorded | 339 | ||
Interest Income Recognized with no related allowance recorded | 1 | ||
Interest Income Recognized with an allowance recorded | 3 | ||
Cash basis interest income recognized with no related allowance recorded | 1 | ||
Cash basis interest income recognized with an allowance recorded | 3 | ||
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | |||
Loans Individually Evaluated for Impairment [Abstract] | |||
Unpaid principal balance with no related allowance recorded | 2,911 | 2,868 | |
Unpaid principal balance with an allowance recorded | 1,501 | 1,773 | |
Recorded Investment with no related allowance recorded | 2,663 | 2,620 | |
Recorded investment with an allowance recorded | 1,500 | 1,772 | |
Allowance for loan losses allocated with no related allowance recorded | 0 | 0 | |
Allowance for loans losses allocated with an allowance recorded | 598 | 576 | |
Average Recorded Investment with no related allowance recorded | 2,572 | 2,724 | |
Average Recorded Investment with an allowance recorded | 1,665 | 942 | |
Interest Income Recognized with no related allowance recorded | 1 | 0 | |
Interest Income Recognized with an allowance recorded | 5 | 0 | |
Cash basis interest income recognized with no related allowance recorded | 1 | 0 | |
Cash basis interest income recognized with an allowance recorded | 4 | 0 | |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Nonowner Occupied Loans [Member] | |||
Loans Individually Evaluated for Impairment [Abstract] | |||
Unpaid principal balance with no related allowance recorded | 4,587 | 4,632 | |
Recorded Investment with no related allowance recorded | 4,588 | 4,633 | |
Allowance for loan losses allocated with no related allowance recorded | 0 | 0 | |
Average Recorded Investment with no related allowance recorded | 4,604 | 4,808 | |
Average Recorded Investment with an allowance recorded | 77 | ||
Interest Income Recognized with no related allowance recorded | 84 | 29 | |
Interest Income Recognized with an allowance recorded | 0 | ||
Cash basis interest income recognized with no related allowance recorded | 72 | 23 | |
Cash basis interest income recognized with an allowance recorded | 0 | ||
Commercial Real Estate and Multi-Family Residential Loans [Member] | Multifamily Loans [Member] | |||
Loans Individually Evaluated for Impairment [Abstract] | |||
Average Recorded Investment with an allowance recorded | 385 | ||
Interest Income Recognized with an allowance recorded | 5 | ||
Cash basis interest income recognized with an allowance recorded | 5 | ||
Agri-business and Agricultural Loans [Member] | |||
Loans Individually Evaluated for Impairment [Abstract] | |||
Allowance for Loan Losses Allocated | 0 | 0 | |
Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | |||
Loans Individually Evaluated for Impairment [Abstract] | |||
Unpaid principal balance with no related allowance recorded | 603 | 603 | |
Recorded Investment with no related allowance recorded | 283 | 283 | |
Allowance for loan losses allocated with no related allowance recorded | 0 | 0 | |
Average Recorded Investment with no related allowance recorded | 283 | 471 | |
Interest Income Recognized with no related allowance recorded | 0 | 0 | |
Cash basis interest income recognized with no related allowance recorded | 0 | 0 | |
Consumer 1-4 Family Mortgage Loans [Member] | |||
Loans Individually Evaluated for Impairment [Abstract] | |||
Allowance for Loan Losses Allocated | 290 | 296 | |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | |||
Loans Individually Evaluated for Impairment [Abstract] | |||
Unpaid principal balance with no related allowance recorded | 204 | 161 | |
Unpaid principal balance with an allowance recorded | 1,130 | 1,152 | |
Recorded Investment with no related allowance recorded | 191 | 147 | |
Recorded investment with an allowance recorded | 1,063 | 1,085 | |
Allowance for loan losses allocated with no related allowance recorded | 0 | 0 | |
Allowance for loans losses allocated with an allowance recorded | 290 | 296 | |
Average Recorded Investment with no related allowance recorded | 191 | 47 | |
Average Recorded Investment with an allowance recorded | 1,071 | 1,627 | |
Interest Income Recognized with no related allowance recorded | 1 | 0 | |
Interest Income Recognized with an allowance recorded | 7 | 15 | |
Cash basis interest income recognized with no related allowance recorded | 0 | 0 | |
Cash basis interest income recognized with an allowance recorded | 4 | 11 | |
Consumer 1-4 Family Mortgage Loans [Member] | Open End and Junior Lien Loans [Member] | |||
Loans Individually Evaluated for Impairment [Abstract] | |||
Unpaid principal balance with no related allowance recorded | 369 | ||
Unpaid principal balance with an allowance recorded | 408 | ||
Recorded Investment with no related allowance recorded | 156 | ||
Recorded investment with an allowance recorded | 195 | ||
Allowance for loan losses allocated with no related allowance recorded | 0 | ||
Allowance for loans losses allocated with an allowance recorded | $ 0 | ||
Average Recorded Investment with no related allowance recorded | 156 | ||
Average Recorded Investment with an allowance recorded | 251 | ||
Interest Income Recognized with no related allowance recorded | 0 | ||
Interest Income Recognized with an allowance recorded | 0 | ||
Cash basis interest income recognized with no related allowance recorded | $ 0 | ||
Cash basis interest income recognized with an allowance recorded | $ 0 |
ALLOWANCE FOR LOAN LOSSES AND40
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Aging Of The Recorded Investment In Past Due Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | $ 3,518,968 | $ 3,462,648 |
30 to 89 Days Past Due | 1,493 | 1,593 |
Nonaccrual | 10,185 | 6,633 |
Total Past Due | 13,311 | 8,279 |
Total | 3,532,279 | 3,470,927 |
Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 1,633 | 53 |
Other Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 105,681 | 98,265 |
30 to 89 Days Past Due | 0 | 0 |
Nonaccrual | 0 | 0 |
Total Past Due | 0 | 0 |
Total | 105,681 | 98,265 |
Other Commercial Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Other consumer loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 60,626 | 61,119 |
30 to 89 Days Past Due | 53 | 64 |
Nonaccrual | 0 | 0 |
Total Past Due | 53 | 64 |
Total | 60,679 | 61,183 |
Other consumer loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total | 1,323,954 | 1,268,458 |
Commercial and Industrial Loans [Member] | Working Capital Lines Of Credit Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 649,021 | 624,213 |
30 to 89 Days Past Due | 60 | 9 |
Nonaccrual | 1,598 | 140 |
Total Past Due | 1,658 | 149 |
Total | 650,679 | 624,362 |
Commercial and Industrial Loans [Member] | Working Capital Lines Of Credit Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 669,325 | 642,014 |
30 to 89 Days Past Due | 9 | 0 |
Nonaccrual | 3,941 | 2,082 |
Total Past Due | 3,950 | 2,082 |
Total | 673,275 | 644,096 |
Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total | 1,369,364 | 1,299,282 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 237,365 | 244,411 |
30 to 89 Days Past Due | 0 | 0 |
Nonaccrual | 0 | 0 |
Total Past Due | 0 | 0 |
Total | 237,365 | 244,411 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and Land Development Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 462,792 | 465,789 |
30 to 89 Days Past Due | 0 | 0 |
Nonaccrual | 3,888 | 3,598 |
Total Past Due | 5,521 | 3,598 |
Total | 468,313 | 469,387 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 1,633 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 462,282 | 457,880 |
30 to 89 Days Past Due | 399 | 0 |
Nonaccrual | 114 | 122 |
Total Past Due | 513 | 122 |
Total | 462,795 | 458,002 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Nonowner Occupied Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Multifamily Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 200,891 | 127,482 |
30 to 89 Days Past Due | 0 | 0 |
Nonaccrual | 0 | 0 |
Total Past Due | 0 | 0 |
Total | 200,891 | 127,482 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Multifamily Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Agri-business and Agricultural Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total | 327,646 | 394,904 |
Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 137,790 | 172,349 |
30 to 89 Days Past Due | 0 | 0 |
Nonaccrual | 283 | 283 |
Total Past Due | 283 | 283 |
Total | 138,073 | 172,632 |
Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 189,573 | 222,272 |
30 to 89 Days Past Due | 0 | 0 |
Nonaccrual | 0 | 0 |
Total Past Due | 0 | 0 |
Total | 189,573 | 222,272 |
Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Consumer 1-4 Family Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total | 344,955 | 348,835 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 164,891 | 161,499 |
30 to 89 Days Past Due | 740 | 1,072 |
Nonaccrual | 205 | 213 |
Total Past Due | 945 | 1,338 |
Total | 165,836 | 162,837 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 53 |
Consumer 1-4 Family Mortgage Loans [Member] | Open End and Junior Lien Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 168,488 | 170,372 |
30 to 89 Days Past Due | 232 | 448 |
Nonaccrual | 156 | 195 |
Total Past Due | 388 | 643 |
Total | 168,876 | 171,015 |
Consumer 1-4 Family Mortgage Loans [Member] | Open End and Junior Lien Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 10,243 | 14,983 |
30 to 89 Days Past Due | 0 | 0 |
Nonaccrual | 0 | 0 |
Total Past Due | 0 | 0 |
Total | 10,243 | 14,983 |
Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | $ 0 | $ 0 |
ALLOWANCE FOR LOAN LOSSES AND41
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Troubled Debt Restructuring) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Troubled Debt Restructuring [Abstract] | ||
Accruing troubled debt restructured loans | $ 10,234 | $ 10,351 |
Nonaccrual troubled debt restructured loans | 7,180 | 5,633 |
Total troubled debt restructured loans | $ 17,414 | $ 15,984 |
ALLOWANCE FOR LOAN LOSSES AND42
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Loans By Class Modified As Troubled Debt Restructuring) (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017USD ($)Number | Mar. 31, 2016USD ($)Number | |
Troubled Debt Restructurings Modified During Period [Abstract] | ||
Extension period for modified repayment terms | 15 months | |
Modified Repayment Terms [Member] | ||
Troubled Debt Restructurings Modified During Period [Abstract] | ||
Number of Loans | Number | 4 | 1 |
Extension period for modified repayment terms | 15 months | |
Modified Repayment Terms [Member] | Minimum [Member] | ||
Troubled Debt Restructurings Modified During Period [Abstract] | ||
Extension period for modified repayment terms | 6 months | |
All Modifications [Member] | ||
Troubled Debt Restructurings Modified During Period [Abstract] | ||
Number of Loans | Number | 4 | 1 |
Pre-Modification Outstanding Recorded Investment | $ 2,242 | $ 335 |
Post-Modification Outstanding Recorded Investment | $ 2,244 | $ 335 |
Non Working Capital Loans [Member] | Modified Repayment Terms [Member] | ||
Troubled Debt Restructurings Modified During Period [Abstract] | ||
Extension period for modified repayment terms | 6 months | |
Owner Occupied Loans [Member] | Modified Repayment Terms [Member] | ||
Troubled Debt Restructurings Modified During Period [Abstract] | ||
Extension period for modified repayment terms | 6 months | |
Closed End First Mortgage Loans [Member] | All Modifications [Member] | ||
Troubled Debt Restructurings Modified During Period [Abstract] | ||
Number of Loans | 1 | |
Pre-Modification Outstanding Recorded Investment | $ 44 | |
Total pre-modification outstanding recorded investment | $ 46 | |
Extension period for modified repayment terms | 350 months | |
Commercial and Industrial Loans [Member] | Non Working Capital Loans [Member] | Modified Repayment Terms [Member] | ||
Troubled Debt Restructurings Modified During Period [Abstract] | ||
Number of Loans | Number | 2 | |
Commercial and Industrial Loans [Member] | Non Working Capital Loans [Member] | All Modifications [Member] | ||
Troubled Debt Restructurings Modified During Period [Abstract] | ||
Number of Loans | Number | 2 | |
Pre-Modification Outstanding Recorded Investment | $ 1,712 | |
Post-Modification Outstanding Recorded Investment | $ 1,712 | |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | Modified Repayment Terms [Member] | ||
Troubled Debt Restructurings Modified During Period [Abstract] | ||
Number of Loans | Number | 1 | 1 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | All Modifications [Member] | ||
Troubled Debt Restructurings Modified During Period [Abstract] | ||
Number of Loans | 1 | 1 |
Pre-Modification Outstanding Recorded Investment | $ 486 | $ 335 |
Post-Modification Outstanding Recorded Investment | $ 486 | $ 335 |
ALLOWANCE FOR LOAN LOSSES AND43
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Credit Quality Indicators) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | $ 3,532,279 | $ 3,470,927 |
Other Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 105,681 | 98,265 |
Other Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 60,679 | 61,183 |
Commercial and Industrial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 1,323,954 | 1,268,458 |
Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 650,679 | 624,362 |
Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 673,275 | 644,096 |
Commercial Real Estate and Multi-family Residential Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 1,369,364 | 1,299,282 |
Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 237,365 | 244,411 |
Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 468,313 | 469,387 |
Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 462,795 | 458,002 |
Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 200,891 | 127,482 |
Agri-business and Agricultural Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 327,646 | 394,904 |
Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 138,073 | 172,632 |
Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 189,573 | 222,272 |
Consumer 1-4 Family Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 344,955 | 348,835 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 165,836 | 162,837 |
Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 168,876 | 171,015 |
Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 10,243 | 14,983 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 3,041,847 | 2,980,993 |
Pass [Member] | Other Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 105,677 | 98,261 |
Pass [Member] | Other Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 16,264 | 17,717 |
Pass [Member] | Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 594,221 | 577,208 |
Pass [Member] | Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 621,384 | 583,135 |
Pass [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 236,071 | 242,964 |
Pass [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 440,213 | 444,143 |
Pass [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 456,944 | 451,390 |
Pass [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 200,633 | 127,219 |
Pass [Member] | Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 133,300 | 168,660 |
Pass [Member] | Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 185,248 | 218,581 |
Pass [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 44,657 | 44,687 |
Pass [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 7,235 | 7,028 |
Pass [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 78,915 | 74,274 |
Special Mention [Member] | Other Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Special Mention [Member] | Other Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Special Mention [Member] | Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 30,356 | 17,636 |
Special Mention [Member] | Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 24,188 | 32,587 |
Special Mention [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 1,294 | 1,447 |
Special Mention [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 11,633 | 10,285 |
Special Mention [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 4,507 | 4,550 |
Special Mention [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 258 | 263 |
Special Mention [Member] | Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 3,052 | 3,689 |
Special Mention [Member] | Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 3,627 | 3,691 |
Special Mention [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 126 |
Special Mention [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Special Mention [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 71,377 | 72,392 |
Substandard [Member] | Other Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Substandard [Member] | Other Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 54 | 55 |
Substandard [Member] | Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 25,927 | 29,396 |
Substandard [Member] | Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 23,912 | 24,405 |
Substandard [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Substandard [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 16,467 | 14,959 |
Substandard [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 1,344 | 2,062 |
Substandard [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Substandard [Member] | Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 1,721 | 283 |
Substandard [Member] | Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 698 | 0 |
Substandard [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 1,254 | 1,232 |
Substandard [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Substandard [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Other Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Other Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Not Rated [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 340,140 | 343,268 |
Not Rated [Member] | Other Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 4 | 4 |
Not Rated [Member] | Other Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 44,361 | 43,411 |
Not Rated [Member] | Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 175 | 122 |
Not Rated [Member] | Commercial and Industrial Loans [Member] | Non-working Capital Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 3,791 | 3,969 |
Not Rated [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Not Rated [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Not Rated [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Not Rated [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Not Rated [Member] | Agri-business and Agricultural Loans [Member] | Loans Secured By Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Not Rated [Member] | Agri-business and Agricultural Loans [Member] | Loans For Agricultural Production [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Not Rated [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 119,925 | 116,792 |
Not Rated [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 161,641 | 163,987 |
Not Rated [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | $ 10,243 | $ 14,983 |
ALLOWANCE FOR LOAN LOSSES AND44
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Additional Information) (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Troubled Debt Restructuring [Abstract] | |||
Loans Modified In Troubled Debt Restructured Loans | $ 3,100,000 | $ 2,700,000 | |
Loan amount of credit quality analysis | 150,000 | ||
Commercial and Industrial Loans [Member] | |||
Troubled Debt Restructuring [Abstract] | |||
Increase (decrease) in allowance for loan loss | 34,000 | ||
Commercial and Industrial Loans [Member] | Working Capital Loan [Member] | |||
Troubled Debt Restructuring [Abstract] | |||
Financing Receivable, Modifications, Recorded Investment | 690,000 | ||
Commercial Real Estate and Multi-Family Residential Loans [Member] | |||
Troubled Debt Restructuring [Abstract] | |||
Increase (decrease) in allowance for loan loss | 49,000 | $ 11,000 | |
Commercial Real Estate and Multi-Family Residential Loans [Member] | One Commercial Credit [Member] | |||
Troubled Debt Restructuring [Abstract] | |||
Financing Receivable, Modifications, Recorded Investment | $ 484,000 | $ 542,000 |
FAIR VALUE DISCLOSURES (Assets
FAIR VALUE DISCLOSURES (Assets and Liabilities Measured At Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Assets | ||
Mortgage-backed securities | $ 362,200 | |
Total Securities | 528,031 | $ 504,191 |
Mortgage banking derivative | 2,634 | 2,645 |
Liabilities | ||
Mortgage banking derivative | 832 | 1,405 |
Fair Value, Measurements, Recurring [Member] | ||
Assets | ||
U.S. Treasury securities | 1,005 | 1,003 |
U.S. government sponsored agency securities | 6,106 | 6,241 |
Mortgage-backed securities | 362,200 | 351,568 |
State and municipal securities | 158,720 | 145,379 |
Total Securities | 528,031 | 504,191 |
Mortgage banking derivative | 241 | 314 |
Interest rate swap derivative | 2,634 | 2,645 |
Total assets | 530,906 | 507,150 |
Liabilities | ||
Mortgage banking derivative | 16 | 14 |
Interest rate swap derivative | 2,742 | 2,735 |
Total liabilities | 2,758 | 2,749 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Assets | ||
U.S. Treasury securities | 1,005 | 1,003 |
U.S. government sponsored agency securities | 0 | 0 |
Mortgage-backed securities | 0 | 0 |
State and municipal securities | 0 | 0 |
Total Securities | 1,005 | 1,003 |
Mortgage banking derivative | 0 | 0 |
Interest rate swap derivative | 0 | 0 |
Total assets | 1,005 | 1,003 |
Liabilities | ||
Mortgage banking derivative | 0 | 0 |
Interest rate swap derivative | 0 | 0 |
Total liabilities | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Assets | ||
U.S. Treasury securities | 0 | 0 |
U.S. government sponsored agency securities | 6,106 | 6,241 |
Mortgage-backed securities | 362,200 | 351,568 |
State and municipal securities | 158,098 | 144,709 |
Total Securities | 526,404 | 502,518 |
Mortgage banking derivative | 241 | 314 |
Interest rate swap derivative | 2,634 | 2,645 |
Total assets | 529,279 | 505,477 |
Liabilities | ||
Mortgage banking derivative | 16 | 14 |
Interest rate swap derivative | 2,742 | 2,735 |
Total liabilities | 2,758 | 2,749 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Assets | ||
U.S. Treasury securities | 0 | 0 |
U.S. government sponsored agency securities | 0 | 0 |
Mortgage-backed securities | 0 | 0 |
State and municipal securities | 622 | 670 |
Total Securities | 622 | 670 |
Mortgage banking derivative | 0 | 0 |
Interest rate swap derivative | 0 | 0 |
Total assets | 622 | 670 |
Liabilities | ||
Mortgage banking derivative | 0 | 0 |
Interest rate swap derivative | 0 | 0 |
Total liabilities | $ 0 | $ 0 |
FAIR VALUE DISCLOSURES (Reconci
FAIR VALUE DISCLOSURES (Reconciliation of All Assets Measured at Fair Value on a Recurring Basis using Significant Unobservable Inputs (Level 3)) (Details) - State and Municipal Securities [Member] - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||
Balance of recurring Level 3 assets at January 1 | $ 670 | $ 551 |
Transfers into Level 3 | 0 | 339 |
Changes in fair value of securities included in other comprehensive income | (3) | (1) |
Principal payments | (45) | (40) |
Balance of recurring Level 3 assets at March 31 | $ 622 | $ 849 |
FAIR VALUE DISCLOSURES (Quantit
FAIR VALUE DISCLOSURES (Quantitative Information about Level 3 Fair Value Measurements) (Details) - State and Municipal Securities [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Total assets | $ 622 | $ 670 |
Valuation Technique | Price to type, par, call | Price to type, par, call |
Discount To Benchmark Index [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 0.00% | 0.00% |
Discount To Benchmark Index [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 5.00% | 5.00% |
Discount To Benchmark Index [Member] | Weighted Average [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 2.73% | 2.98% |
FAIR VALUE DISCLOSURES (Asset48
FAIR VALUE DISCLOSURES (Assets Measured at Fair Value on a Nonrecurring Basis) (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | $ 5,890 | $ 5,767 |
Other real estate owned | 75 | 75 |
Total assets | 5,965 | 5,842 |
Fair Value, Inputs, Level 1 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Other real estate owned | 0 | 0 |
Total assets | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Other real estate owned | 0 | 0 |
Total assets | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 5,890 | 5,767 |
Other real estate owned | 75 | 75 |
Total assets | 5,965 | 5,842 |
Commercial and Industrial Loans [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 4,927 | 4,510 |
Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 1,283 | 621 |
Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Commercial and Industrial Loans [Member] | Working Capital Lines of Credit Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 1,283 | 621 |
Commercial and Industrial Loans [Member] | Non Working Capital Loans [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 3,644 | 3,889 |
Commercial and Industrial Loans [Member] | Non Working Capital Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Commercial and Industrial Loans [Member] | Non Working Capital Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Commercial and Industrial Loans [Member] | Non Working Capital Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 3,644 | 3,889 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 901 | 1,195 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 901 | 1,195 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 901 | 1,195 |
Consumer 1-4 Family Mortgage Loans [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 62 | 62 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 62 | 62 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | $ 62 | $ 62 |
FAIR VALUE DISCLOSURES (Valuati
FAIR VALUE DISCLOSURES (Valuation Methodology and Unobservable Inputs for Level 3 Assets) (Details) - Non-Recurring [Member] - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Impaired loans | $ 5,890 | $ 5,767 |
Commercial and Industrial Loans [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Impaired loans | $ 4,927 | $ 4,510 |
Valuation Methodology | Collateral based measurements | Collateral based measurements |
Unobservable Inputs | Discount to reflect current market conditions and ultimate collectability | Discount to reflect current market conditions and ultimate collectability |
Commercial and Industrial Loans [Member] | Minimum [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 22.00% | 22.00% |
Commercial and Industrial Loans [Member] | Maximum [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 100.00% | 100.00% |
Commercial and Industrial Loans [Member] | Weighted Average [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 40.00% | 44.00% |
Commercial Real Estate and Multi-Family Residential Loans [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Impaired loans | $ 901 | $ 1,195 |
Valuation Methodology | Collateral based measurements | Collateral based measurements |
Unobservable Inputs | Discount to reflect current market conditions and ultimate collectability | Discount to reflect current market conditions and ultimate collectability |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Minimum [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 8.00% | 6.00% |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Maximum [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 60.00% | 59.00% |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Weighted Average [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 40.00% | 30.00% |
Consumer 1-4 Family Mortgage Loans [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Impaired loans | $ 62 | $ 62 |
Valuation Methodology | Collateral based measurements | Collateral based measurements |
Unobservable Inputs | Discount to reflect current market conditions and ultimate collectability | Discount to reflect current market conditions and ultimate collectability |
Consumer 1-4 Family Mortgage Loans [Member] | Weighted Average [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 14.00% | 15.00% |
Other Real Estate Owned [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Impaired loans | $ 75 | $ 75 |
Valuation Methodology | Appraisals | Appraisals |
Unobservable Inputs | Discount to reflect current market conditions | Discount to reflect current market conditions |
Other Real Estate Owned [Member] | Weighted Average [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 49.00% | 49.00% |
FAIR VALUE DISCLOSURES (Estimat
FAIR VALUE DISCLOSURES (Estimated Fair Values And The Related Carrying Values Of Financial Instruments) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Financial Assets: | ||
Securities available for sale | $ 528,031 | $ 504,191 |
Carrying Value [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 111,583 | 167,280 |
Securities available for sale | 504,191 | 504,191 |
Real estate mortgages held for sale | 3,869 | 5,915 |
Loans, net | 3,488,505 | 3,427,209 |
Federal Home Loan Bank stock | 8,102 | 8,102 |
Federal Reserve Bank stock | 3,420 | 3,420 |
Accrued interest receivable | 11,886 | 11,687 |
Financial Liabilities: | ||
Certificates of deposit | (1,293,023) | (1,163,818) |
All other deposits | (2,386,374) | (2,414,094) |
Securities sold under agreements to repurchase | (59,776) | (50,045) |
Other short-term borrowings | (85,000) | (180,000) |
Long-term borrowings | (30) | (32) |
Subordinated debentures | (30,928) | (30,928) |
Standby letters of credit | (352) | (323) |
Accrued interest payable | (5,901) | (5,676) |
Estimated Fair Value [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 111,590 | 167,284 |
Securities available for sale | 528,031 | 504,191 |
Real estate mortgages held for sale | 3,943 | 5,994 |
Loans, net | 3,474,070 | 3,411,121 |
Accrued interest receivable | 11,886 | 11,687 |
Financial Liabilities: | ||
Certificates of deposit | (1,299,542) | (1,169,905) |
All other deposits | (2,386,374) | (2,414,094) |
Securities sold under agreements to repurchase | (59,776) | (50,045) |
Other short-term borrowings | (84,997) | (180,005) |
Long-term borrowings | (32) | (34) |
Subordinated debentures | (31,206) | (31,194) |
Standby letters of credit | (352) | (323) |
Accrued interest payable | (5,901) | (5,676) |
Estimated Fair Value [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 109,578 | 165,385 |
Securities available for sale | 1,005 | 1,003 |
Real estate mortgages held for sale | 0 | 0 |
Loans, net | 0 | 0 |
Accrued interest receivable | 8 | 3 |
Financial Liabilities: | ||
Certificates of deposit | 0 | 0 |
All other deposits | (2,386,374) | (2,414,094) |
Securities sold under agreements to repurchase | 0 | 0 |
Other short-term borrowings | 0 | 0 |
Long-term borrowings | 0 | 0 |
Subordinated debentures | 0 | 0 |
Standby letters of credit | 0 | 0 |
Accrued interest payable | (99) | (93) |
Estimated Fair Value [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 2,012 | 1,899 |
Securities available for sale | 526,404 | 502,518 |
Real estate mortgages held for sale | 3,943 | 5,994 |
Loans, net | 0 | 0 |
Accrued interest receivable | 2,435 | 2,688 |
Financial Liabilities: | ||
Certificates of deposit | (1,299,542) | (1,169,905) |
All other deposits | 0 | 0 |
Securities sold under agreements to repurchase | (59,776) | (50,045) |
Other short-term borrowings | (84,997) | (180,005) |
Long-term borrowings | (32) | (34) |
Subordinated debentures | 0 | 0 |
Standby letters of credit | 0 | 0 |
Accrued interest payable | (5,798) | (5,580) |
Estimated Fair Value [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 0 | 0 |
Securities available for sale | 622 | 670 |
Real estate mortgages held for sale | 0 | 0 |
Loans, net | 3,474,070 | 3,411,121 |
Accrued interest receivable | 9,443 | 8,996 |
Financial Liabilities: | ||
Certificates of deposit | 0 | 0 |
All other deposits | 0 | 0 |
Securities sold under agreements to repurchase | 0 | 0 |
Other short-term borrowings | 0 | 0 |
Long-term borrowings | 0 | 0 |
Subordinated debentures | (31,206) | (31,194) |
Standby letters of credit | (352) | (323) |
Accrued interest payable | $ (4) | $ (3) |
FAIR VALUE DISCLOSURES (Additio
FAIR VALUE DISCLOSURES (Additional Information) (Details) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | Dec. 31, 2015 | |
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||
Mortgage servicing rights | $ 3,700,000 | |||
Weighted average interest rate, residential mortgages (in hundredths) | 3.81% | |||
Weighted average maturity of residential mortgages | 19 years | |||
Prepayment Speed used in unobservable assumptions | 165 | 162 | ||
Discount rate used to estimate fair value (in hundredths) | 9.40% | 9.30% | ||
Subtotal | $ 3,533,138,000 | $ 3,471,668,000 | ||
Valuation allowance | 43,774,000 | $ 43,284,000 | $ 43,718,000 | $ 43,610,000 |
Recoveries | $ 359,000 | 139,000 | ||
Municipal Bonds [Member] | ||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||
Fair Value, Measurement With Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 | 339,000 | |||
Commercial Real Estates [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||
Percentage of discount from appraised value (in hundredths) | 0.00% | |||
Commercial Real Estates [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||
Percentage of discount from appraised value (in hundredths) | 50.00% | |||
Inventory Finished Goods [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||
Percentage of discount from appraised value (in hundredths) | 35.00% | |||
Inventory Finished Goods [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||
Percentage of discount from appraised value (in hundredths) | 65.00% | |||
Finished Goods [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||
Percentage of discount from appraised value (in hundredths) | 30.00% | |||
Finished Goods [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||
Percentage of discount from appraised value (in hundredths) | 60.00% | |||
Inventory Work In Process [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||
Percentage of discount from appraised value (in hundredths) | 50.00% | |||
Inventory Work In Process [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||
Percentage of discount from appraised value (in hundredths) | 100.00% | |||
Equipment [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||
Percentage of discount from appraised value (in hundredths) | 30.00% | |||
Equipment [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||
Percentage of discount from appraised value (in hundredths) | 70.00% | |||
Marketable Securities [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||
Percentage of discount from appraised value (in hundredths) | 10.00% | |||
Marketable Securities [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||
Percentage of discount from appraised value (in hundredths) | 30.00% | |||
Impaired Loans [Member] | ||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||
Subtotal | $ 9,800,000 | 7,100,000 | ||
Valuation allowance | 3,900,000 | 2,500,000 | ||
Recoveries | 800,000 | 100,000 | ||
Other Real Estate Owned [Member] | ||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||
Other Real Estate | 147,000 | |||
Real Estate Owned, Valuation Allowance | 72,000 | |||
Impaired Loans Fair Value Disclosure | $ 75,000 | $ 75,000 |
SECURITIES SOLD UNDER AGREEME52
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Additional Information) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Securities Sold under Agreements to Repurchase | $ 59,776 | $ 50,045 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities Sold under Agreements to Repurchase, Fair Value of Collateral | $ 93,000 | $ 98,000 |
EMPLOYEE BENEFIT PLANS (Compone
EMPLOYEE BENEFIT PLANS (Components of Net Periodic Benefit Cost) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Pension Plans, Defined Benefit [Member] | ||
Net pension expense: | ||
Interest cost | $ 26 | $ 26 |
Expected return on plan assets | (35) | (35) |
Recognized net actuarial (gain) loss | 46 | 34 |
Net pension expense (benefit) | 37 | 25 |
Supplemental Employee Retirement Plans, Defined Benefit [Member] | ||
Net pension expense: | ||
Interest cost | 10 | 12 |
Expected return on plan assets | (16) | (18) |
Recognized net actuarial (gain) loss | 20 | 20 |
Net pension expense (benefit) | $ 14 | $ 14 |
EMPLOYEE BENEFIT PLANS (Additio
EMPLOYEE BENEFIT PLANS (Additional Information) (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Defined Benefit Plan Disclosure [Line Items] | ||
Defined Benefit Plan, Expected Future Benefit Payments, Remainder of Fiscal Year | $ 237,000 | |
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year | 118,000 | $ 355,000 |
Supplemental Employee Retirement Plans, Defined Benefit [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year | $ 41,000 | $ 41,000 |
OFFSETTING ASSETS AND LIABILI55
OFFSETTING ASSETS AND LIABILITIES (Schedule of Offsetting of Assets and Liabilities) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
OffSetting Derivative Asset | ||
Gross Amounts of Recognized Assets | $ 2,634 | $ 2,645 |
Gross Amounts Offset in the Statement of Financial Position | 0 | 0 |
Net Amounts of Assets presented in the Statement of Financial Position | 2,634 | 2,645 |
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments | 0 | 0 |
Gross Amounts Not Offset in the Statement of Financial Position, Cash Received | 0 | 0 |
Net Amount | 2,634 | 2,645 |
Offsetting Derivatives Liabilities | ||
Gross Amounts of Recognized Liabilities | 62,518 | 52,780 |
Gross Amounts Offset in the Statement of Financial Position | 0 | 0 |
Net Amounts of Liabilities presented in the Statement of Financial Position | 62,518 | 52,780 |
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments | (59,776) | (50,045) |
Gross Amounts Not Offset in the Statement of Financial Position, Cash Received | (1,910) | (1,330) |
Net Amount | 832 | 1,405 |
Interest Rate Swap [Member] | ||
OffSetting Derivative Asset | ||
Gross Amounts of Recognized Assets | 2,634 | 2,645 |
Gross Amounts Offset in the Statement of Financial Position | 0 | 0 |
Net Amounts of Assets presented in the Statement of Financial Position | 2,634 | 2,645 |
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments | 0 | 0 |
Gross Amounts Not Offset in the Statement of Financial Position, Cash Received | 0 | 0 |
Net Amount | 2,634 | 2,645 |
Offsetting Derivatives Liabilities | ||
Gross Amounts of Recognized Liabilities | 2,742 | 2,735 |
Gross Amounts Offset in the Statement of Financial Position | 0 | 0 |
Net Amounts of Liabilities presented in the Statement of Financial Position | 2,742 | 2,735 |
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments | 0 | 0 |
Gross Amounts Not Offset in the Statement of Financial Position, Cash Received | (1,910) | (1,330) |
Net Amount | 832 | 1,405 |
Repurchase Agreements [Member] | ||
Offsetting Derivatives Liabilities | ||
Gross Amounts of Recognized Liabilities | 59,776 | 50,045 |
Gross Amounts Offset in the Statement of Financial Position | 0 | 0 |
Net Amounts of Liabilities presented in the Statement of Financial Position | 59,776 | 50,045 |
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments | (59,776) | (50,045) |
Gross Amounts Not Offset in the Statement of Financial Position, Cash Received | 0 | 0 |
Net Amount | $ 0 | $ 0 |
EARNINGS PER SHARE (Earnings Pe
EARNINGS PER SHARE (Earnings Per Share Computations) (Details) - $ / shares | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | ||
Basic earnings per common share: | |||
Weighted average shares outstanding for basic earnings per common share | [1] | 25,152,242 | 25,019,753 |
Diluted earnings per common share: | |||
Dilutive effect of stock options, awards and warrants | [1] | 443,894 | 308,053 |
Weighted average shares outstanding for diluted earnings per common share | [1] | 25,596,136 | 25,327,806 |
Basic earnings per common share | [1] | $ 0.58 | $ 0.49 |
Diluted earnings per common share | [1] | $ 0.57 | $ 0.48 |
[1] | Share and per share data has been adjusted for a 3-for-2 stock split in the form of a stock dividend on August 5, 2016. |
ACCUMULATED OTHER COMPREHENSI57
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Changes in Accumulated Other Comprehensive Income By Component) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |||
Unrealized Gains and Losses on Available- for-Sales Securities, Opening Balance | $ (722) | $ 3,836 | $ 3,836 |
Unrealized Gains and Losses on Available- for-Sales Securities, Other comprehensive income before reclassification | 448 | (4,518) | |
Unrealized Gains and Losses on Available- for-Sales Securities, Amounts reclassified from accumulated other comprehensive income (loss) | (3) | (40) | |
Unrealized Gains and Losses on Available- for-Sales Securities, Net current period other comprehensive income | 445 | (4,558) | |
Unrealized Gains and Losses on Available- for-Sales Securities, Ending Balance | (277) | (722) | |
Defined Benefit Pension Items, Opening Balance | (1,665) | (1,694) | (1,694) |
Defined Benefit Pension Items, Other comprehensive income before reclassification | 0 | (101) | |
Defined Benefit Pension Items, Amounts reclassified from accumulated other comprehensive income (loss) | 40 | 130 | |
Defined Benefit Pension Items, Net current period other comprehensive income | 40 | 32 | 29 |
Defined Benefit Pension Items, Ending Balance | (1,625) | (1,665) | |
Total, Opening Balance | (2,387) | 2,142 | 2,142 |
Other comprehensive income (loss) before reclassification | 448 | (4,619) | |
Amounts reclassified from accumulated other comprehensive income (loss) | 37 | 90 | |
Total, Net current period other comprehensive income | 485 | $ 5,221 | (4,529) |
Total, Ending Balance | $ (1,902) | $ (2,387) |
ACCUMULATED OTHER COMPREHENSI58
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclassification Adjustment) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Unrealized gains and losses on available-for-sale securities | ||
Net securities gains (losses) | $ 3 | $ 52 |
Income tax expense | 0 | (21) |
Net of tax | 3 | 31 |
Amortization of defined benefit pension items | ||
Salaries and employee benefits | (66) | (54) |
Income tax expense | 26 | 22 |
Net of tax | (40) | (32) |
Total reclassifications for the period | $ (37) | $ (1) |
NEW ACCOUNTING PRONOUNCEMENTS (
NEW ACCOUNTING PRONOUNCEMENTS (Additional Information) (Details) $ in Millions | Mar. 31, 2017USD ($) |
Summary of Significant Accounting Policies [Line Items] | |
Operating Lease Obligations | $ 4.7 |