Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2017 | May 04, 2017 | |
Document And Entity Information | ||
Entity Registrant Name | SUMMIT FINANCIAL GROUP INC | |
Entity Central Index Key | 811,808 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false | |
Entity Common Stock, Shares Outstanding | 12,425,017 |
Consolidated Balance Sheets (un
Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | |
ASSETS | ||||
Cash and due from banks | $ 19,326 | $ 4,262 | [1] | $ 4,005 |
Interest bearing deposits with other banks | 38,895 | 42,354 | [1] | 12,655 |
Cash and cash equivalents | 58,221 | 46,616 | [1] | 16,660 |
Securities available for sale | 282,028 | 266,542 | [1] | 271,515 |
Other investments | 13,328 | 12,942 | [1] | 10,099 |
Loans held for sale | 172 | 176 | [1] | 610 |
Loans, net | 1,292,915 | 1,307,862 | [1] | 1,096,790 |
Property held for sale | 23,491 | 24,504 | [1] | 24,684 |
Premises and equipment, net | 26,377 | 23,737 | [1] | 21,589 |
Accrued interest receivable | 6,024 | 6,167 | [1] | 5,230 |
Goodwill and other intangible assets | 13,587 | 13,652 | [1] | 7,448 |
Cash surrender value of life insurance policies | 39,412 | 39,143 | [1] | 37,989 |
Other assets | 20,887 | 17,306 | [1] | 15,954 |
Total assets | 1,776,442 | 1,758,647 | [1] | 1,508,568 |
Deposits | ||||
Non interest bearing | 152,086 | 149,737 | [1] | 122,378 |
Interest bearing | 1,149,155 | 1,145,782 | [1] | 972,166 |
Total deposits | 1,301,241 | 1,295,519 | [1] | 1,094,544 |
Short-term borrowings | 228,868 | 224,461 | [1] | 153,448 |
Long-term borrowings | 46,215 | 46,670 | [1] | 75,103 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | [1] | 19,589 |
Other liabilities | 26,910 | 17,048 | [1] | 19,765 |
Total liabilities | 1,622,823 | 1,603,287 | [1] | 1,362,449 |
Commitments and Contingencies | [1] | |||
Shareholders' Equity | ||||
Preferred Stock, Value, Issued | 0 | 0 | 0 | |
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2017 - 10,887,105 shares, December 2016 - 10,883,509 shares and March 2016 - 10,854,809 shares; outstanding: 2017 - 10,750,477 shares, December 2016 - 10,736,970 shares and March 2016 - 10,681,880 shares | 47,020 | 46,757 | [1] | 45,829 |
Unallocated common stock held by Employee Stock Ownership Plan 2016 - 155,960 shares, December 2015 - 181,822 shares and September 2015 - 186,713 | (1,476) | (1,583) | (1,867) | |
Retained earnings | 110,650 | 113,448 | [1] | 103,418 |
Accumulated other comprehensive loss | (2,575) | (3,262) | [1] | (1,261) |
Total shareholders' equity | 153,619 | 155,360 | [1] | 146,119 |
Total liabilities and shareholders' equity | $ 1,776,442 | $ 1,758,647 | [1] | $ 1,508,568 |
[1] | December 31, 2016 financial information has been extracted from audited consolidated financial statements |
Consolidated Balance Sheets (u3
Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Common stock, par value (in dollars per share) | $ 2.50 | $ 2.50 | $ 2.50 |
Common stock, shares authorized | 20,000,000 | 20,000,000 | 20,000,000 |
Common stock, shares issued | 10,887,105 | 10,883,509 | 10,854,809 |
Common stock, shares outstanding | 10,750,477 | 10,736,970 | 10,681,880 |
Preferred Stock, Par or Stated Value Per Share | $ 1 | $ 1 | $ 1 |
Preferred Stock, Shares Authorized | 250,000 | 250,000 | 250,000 |
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 136,628 | 146,539 | 172,929 |
Consolidated Statements of Inco
Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Interest and fees on loans | ||
Taxable | $ 15,550 | $ 13,291 |
Tax-exempt | 121 | 145 |
Interest and dividends on securities | ||
Taxable | 1,128 | 1,084 |
Tax-exempt | 723 | 642 |
Interest on interest bearing deposits with other banks | 152 | 3 |
Total interest income | 17,674 | 15,165 |
Interest expense | ||
Interest on deposits | 2,390 | 2,170 |
Interest on short-term borrowings | 994 | 240 |
Interest on long-term borrowings and subordinated debentures | 660 | 976 |
Total interest expense | 4,044 | 3,386 |
Net interest income | 13,630 | 11,779 |
Provision for loan losses | 250 | 250 |
Net interest income after provision for loan losses | 13,380 | 11,529 |
Noninterest income | ||
Insurance commissions | 968 | 924 |
Service fees related to deposit accounts | 1,168 | 978 |
Realized securities gains (losses), net | (58) | 393 |
Bank owned life insurance income | 250 | 256 |
Other | 251 | 255 |
Total noninterest income | 2,579 | 2,806 |
Noninterest expenses | ||
Salaries, commissions and employee benefits | 5,187 | 4,682 |
Net occupancy expense | 567 | 540 |
Equipment expense | 735 | 656 |
Professional fees | 285 | 472 |
Marketing and Advertising Expense | 108 | 99 |
Amortization of intangibles | 97 | 50 |
FDIC premiums | 210 | 300 |
Business Combination, Acquisition Related Costs | 109 | 112 |
Foreclosed properties expense | 104 | 124 |
Gain on sales of foreclosed properties, net | (156) | (6) |
Write-downs of foreclosed properties | 418 | 109 |
Litigation Settlement | 9,900 | 0 |
Other | 1,452 | 1,416 |
Total noninterest expenses | 19,016 | 8,554 |
Income (loss) before income tax expense (benefit) | (3,057) | 5,781 |
Income tax expense (benefit) | (1,441) | 1,719 |
Net income (loss) | (1,616) | 4,062 |
Net income (loss) applicable to common shares | $ (1,616) | $ 4,062 |
Basic earnings per common share | $ (0.15) | $ 0.38 |
Diluted earnings per common share | $ (0.15) | $ 0.38 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Statement of Comprehensive Income [Abstract] | ||
Net income (loss) | $ (1,616) | $ 4,062 |
Other comprehensive income (loss): | ||
Net unrealized gain (loss) on cashflow hedge | 497 | (1,462) |
Net unrealized gain (loss) on available for sale debt securities | 190 | 657 |
Other Comprehensive Income (Loss), Net of Tax | 687 | (805) |
Total comprehensive income (loss) | $ (929) | $ 3,257 |
Consolidated Statements of Com6
Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Statement of Comprehensive Income [Abstract] | ||
Net unrealized gain (loss) on cashflow hedge | $ 789 | $ (2,321) |
Net unrealized gain (loss) on cashflow hedge, deferred tax | 292 | (859) |
Net unrealized gain (loss) on available for sale debt securities | 302 | 1,043 |
Net unrealized gain (loss) on available for sale debt securities, deferred taxes | 112 | 386 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | (58) | 393 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | $ (21) | $ 145 |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity (unaudited) - USD ($) $ in Thousands | Total | Unearned ESOP Shares [Member] | Common Stock and Related Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income [Member] | |
Beginning Balance at Dec. 31, 2015 | $ 143,744 | $ (1,964) | $ 45,741 | $ 100,423 | $ (456) | |
Comprehensive income: | ||||||
Net income (loss) | 4,062 | 4,062 | ||||
Other comprehensive income | (805) | (805) | ||||
Share-based compensation expense | 50 | 50 | ||||
Stock Issued During Period, Value, Employee Stock Ownership Plan | 115 | 97 | 18 | |||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 20 | 20 | ||||
Common stock cash dividends declared | (1,067) | (1,067) | ||||
Ending Balance at Mar. 31, 2016 | 146,119 | (1,867) | 45,829 | 103,418 | (1,261) | |
Beginning Balance at Dec. 31, 2016 | 155,360 | [1] | (1,583) | 46,757 | 113,448 | (3,262) |
Comprehensive income: | ||||||
Net income (loss) | (1,616) | (1,616) | ||||
Other comprehensive income | 687 | 687 | ||||
Stock Issued During Period, Value, Stock Options Exercised | 12 | 12 | ||||
Share-based compensation expense | 84 | 84 | ||||
Stock Issued During Period, Value, Employee Stock Ownership Plan | 239 | 107 | 132 | |||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 35 | 35 | 0 | |||
Common stock cash dividends declared | (1,182) | (1,182) | ||||
Ending Balance at Mar. 31, 2017 | $ 153,619 | $ (1,476) | $ 47,020 | $ 110,650 | $ (2,575) | |
[1] | December 31, 2016 financial information has been extracted from audited consolidated financial statements |
Consolidated Statements of Sha8
Consolidated Statements of Shareholders' Equity (unaudited) (Parenthetical) - $ / shares | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Common stock, dividends per share | $ 0.11 | $ 0.10 |
Stock Issued During Period, Shares, Employee Stock Ownership Plan | 9,911 | 8,893 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 2,000 | |
Common stock issuances from reinvested dividends, number of shares | 1,596 | 1,243 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | ||
Cash Flows from Operating Activities | |||
Net income (loss) | $ (1,616) | $ 4,062 | |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
Depreciation | 355 | 295 | |
Provision for loan losses | 250 | 250 | |
Share-based compensation expense | 84 | 50 | |
Deferred income tax benefit | (3,808) | (102) | |
Loans originated for sale | (2,243) | (2,332) | |
Proceeds from sale of loans | 2,247 | 2,501 | |
Realized securities (gains) losses, net | 58 | (393) | |
Gain on disposal of assets | (156) | (6) | |
Write-downs of foreclosed properties | 418 | 109 | |
Amortization of securities premiums, net | 959 | 1,118 | |
Amortization (accretion) related to acquisitions, net | (145) | 3 | |
Amortization of intangibles | 97 | 50 | |
Decrease in accrued interest receivable | 143 | 315 | |
Increase in cash surrender value of bank owned life insurance | (269) | (256) | |
Increase in other assets | (580) | (727) | |
Increase in other liabilities | 10,947 | 1,302 | |
Net cash provided by operating activities | 6,741 | 6,239 | |
Cash Flows from Investing Activities | |||
Proceeds from maturities and calls of securities available for sale | 600 | 55 | |
Proceeds from sales of securities available for sale | 3,154 | 33,787 | |
Principal payments received on securities available for sale | 7,686 | 8,170 | |
Purchases of securities available for sale | (27,641) | (32,418) | |
Purchases of other investments | (3,944) | (5,149) | |
Proceeds from redemptions of other investments | 3,558 | 3,999 | |
Net loan (orginations) payments | 14,671 | (16,864) | |
Purchases of premises and equipment | (2,995) | (312) | |
Proceeds from sales of repossessed assets & property held for sale | 1,232 | 1,302 | |
Net cash used in investing activities | (3,679) | (7,430) | |
Cash Flows from Financing Activities | |||
Net increase in demand deposit, NOW and savings accounts | 20,636 | 18,395 | |
Net increase (decrease) in time deposits | (14,910) | 9,439 | |
Net increase (decrease) in short-term borrowings | 4,407 | (17,945) | |
Repayment of long-term borrowings | (455) | (478) | |
Net proceeds from issuance of common stock | 35 | 20 | |
Proceeds from Stock Options Exercised | 12 | 0 | |
Dividends paid on common stock | (1,182) | (1,067) | |
Net cash provided by financing activities | 8,543 | 8,364 | |
Increase in cash and cash equivalents | 11,605 | 7,173 | |
Cash and cash equivalents: | |||
Beginning | 46,616 | [1] | 9,487 |
Ending | 58,221 | 16,660 | |
Cash payments for: | |||
Interest | 4,047 | 3,434 | |
Income taxes | 355 | 0 | |
Supplemental Disclosures of Noncash Investing and Financing Activities | |||
Real property and other assets acquired in settlement of loans | $ 113 | $ 0 | |
[1] | December 31, 2016 financial information has been extracted from audited consolidated financial statements |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | BASIS OF PRESENTATION We, Summit Financial Group, Inc. and subsidiaries, prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America for interim financial information and with instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for annual year end financial statements. In our opinion, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature. The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from these estimates. The results of operations for the quarter ended March 31, 2017 are not necessarily indicative of the results to be expected for the full year. The consolidated financial statements and notes included herein should be read in conjunction with our 2016 audited financial statements and Annual Report on Form 10-K. |
Significant New Authoritative A
Significant New Authoritative Accounting Guidance | 3 Months Ended |
Mar. 31, 2017 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Significant New Authoritative Accounting Guidance | SIGNIFICANT NEW AUTHORITATIVE ACCOUNTING GUIDANCE ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities , among other things, (i) requires equity investments, with certain exceptions, to be measured at fair value with changes in fair value recognized in net income, (ii) simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment, (iii) eliminates the requirement for public business entities to disclose the methods 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, (iv) requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, (v) requires 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, (vi) requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements and (viii) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale. ASU 2016-01 will be effective for us on January 1, 2018 and is not expected to have a significant impact on our financial statements. ASU 2016-02, Leases (Topic 842) will, among other things, require lessees to recognize a lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. ASU 2016-02 does not significantly change lease accounting requirements applicable to lessors; however, certain changes were made to align, where necessary, lessor accounting with the lessee accounting model and ASC Topic 606, Revenue from Contracts with Customers . ASU 2016-02 will be effective for us on January 1, 2019 and will require transition using a modified retrospective approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. We are currently evaluating the potential impact of ASU 2016-02 on our financial statements. ASU 2016-05, Derivatives and Hedging (Topic 815) Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships, clarifies that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument under ASC Topic 815 does not, in and of itself, require dedesignation of that hedging relationship provided that all other hedge accounting criteria continue to be met. ASU 2016-05 was effective for us on January 1, 2017 and did not have a significant impact on our financial statements. ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, requires that all excess tax benefits and tax deficiencies related to share-based payment awards be recognized as income tax expense or benefit in the income statement during the period in which they occur. Previously, such amounts were recorded in the pool of excess tax benefits included in additional paid-in capital, if such pool was available. Because excess tax benefits are no longer recognized in additional paid-in capital, the assumed proceeds from applying the treasury stock method when computing earnings per share should exclude the amount of excess tax benefits that would have previously been recognized in additional paid-in capital. Additionally, excess tax benefits should be classified along with other income tax cash flows as an operating activity rather than a financing activity, as was previously the case. ASU 2016-09 also provides that an entity can make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest (current GAAP) or account for forfeitures when they occur. ASU 2016-09 changes the threshold to qualify for equity classification (rather than as a liability) to permit withholding up to the maximum statutory tax rates (rather than the minimum as was previously the case) in the applicable jurisdictions. ASU 2016-09 was effective on January 1, 2017 and did not have a significant impact on our financial statements. ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts and requires enhanced disclosures related to the significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. In addition, ASU 2016-13 amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. ASU 2016-13 will be effective on January 1, 2020. We are currently evaluating the potential impact of ASU 2016-13 on our financial statements. ASU 2016-15, Statement of Cash Flows (Topic 230) - Classification of Certain Cash Receipts and Cash Payments provides guidance related to certain cash flow issues in order to reduce the current and potential future diversity in practice. ASU 2016-15 will be effective for us on January 1, 2018 and is not expected to have a significant impact on our financial statements. ASU 2016‑16, Intra-Entity Transfers of Assets Other Than Inventory requires an entity to recognize the income tax consequences of intra-entity transfers of assets other than inventory at the time that the transfer occurs. Current guidance does not require recognition of tax consequences until the asset is eventually sold to a third party. ASU 2016-16 is effective for fiscal years, and interim periods within, beginning after December 15, 2017, with early adoption permitted as of the first interim period presented in a year. We are evaluating the impact of the adoption of ASU 2016‑16 on January 1, 2018 to our consolidated financial statements. ASU No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. Under the current implementation guidance in Topic 805, there are three elements of a business-inputs, processes, and outputs. While an integrated set of assets and activities (collectively referred to as a “set”) that is a business usually has outputs, outputs are not required to be present. In addition, all the inputs and processes that a seller uses in operating a set are not required if market participants can acquire the set and continue to produce outputs. The amendments in this ASU provide a screen to determine when a set is not a business. If the screen is not met, the amendments (1) require that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output and (2) remove the evaluation of whether a market participant could replace missing elements. The ASU provides a framework to assist entities in evaluating whether both an input and a substantive process are present. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. The amendments in this ASU should be applied prospectively on or after the effective date. No disclosures are required at transition. We do not expect the adoption of ASU 2017-01 to have a material impact on our consolidated financial statements. ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Instead, under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Public business entities that are U.S. Securities and Exchange Commission (SEC) filers should adopt the amendments in this ASU for annual or 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. We do not expect the adoption of ASU 2017-04 to have a material impact on our consolidated financial statements. ASU 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost requires an employer that offers defined benefit pension plans, other postretirement benefit plans, or other types of benefits accounted for under Topic 715 to report the service cost component of net periodic benefit cost in the same line item(s) as other compensation costs arising from services rendered during the period. The other components of net periodic benefit cost are required to be presented in the income statement separately from the service cost component. If the other components of net periodic benefit cost are not presented on a separate line or lines, the line item(s) used in the income statement must be disclosed. In addition, only the service cost component will be eligible for capitalization as part of an asset, when applicable. The amendments are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. Early adoption is permitted. We do not expect the adoption of ASU 2017-07 to have a material impact on our consolidated financial statements. ASU 2017‐08, Receivables-Nonrefundable Fees and Other Costs (Subtopic 310‐20), Premium Amortization on Purchased Callable Debt Securities shortens the amortization period for certain callable debt securities purchased at a premium. Upon adoption of the standard, premiums on these qualifying callable debt securities will be amortized to the earliest call date. Discounts on purchased debt securities will continue to be accreted to maturity. The amendments are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. Upon transition, entities should apply the guidance on a modified retrospective basis, with a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption and provide the disclosures required for a change in accounting principle. We are currently assessing the impact that ASU 2017‐08 will have on our consolidated financial statements. |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Mar. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | FAIR VALUE MEASUREMENTS Fair value is based upon the exchange price that would be received for an asset or paid to transfer a liability (an 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. A fair value hierarchy is utilized to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs used to measure fair value are as follows: Level 1 : Quoted prices (unadjusted) or 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 and 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. Accordingly, securities available-for-sale and derivative financial instruments are recorded at fair value on a recurring basis. Additionally, from time to time, we may be required to record other assets at fair value on a nonrecurring basis, such as loans held for sale, impaired loans held for investment and property held for sale. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Following is a description of valuation methodologies used for assets and liabilities recorded at fair value. Available-for-Sale Securities : Investment securities available-for-sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage-backed securities issued by government sponsored entities, municipal bonds and corporate debt securities. Derivative Financial Instruments : Derivative financial instruments are recorded at fair value on a recurring basis. Fair value measurement is based on pricing models run by a third-party, utilizing observable market-based inputs. All future floating cash flows are projected and both floating and fixed cash flows are discounted to the valuation date. As a result, we classify interest rate swaps as Level 2. Loans Held for Sale : Loans held for sale are carried at the lower of cost or market value. The fair value of loans held for sale is based on what secondary markets are currently offering for portfolios with similar characteristics. As such, we classify loans subject to nonrecurring fair value adjustments as Level 2. Loans : We do not record loans at fair value on a recurring basis. However, from time to time, a loan is considered impaired and an allowance for loan loss is established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the original contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment using one of several methods, including collateral value, liquidation value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the discounted cash flows or collateral value exceeds the recorded investments in such loans. These loans are carried at recorded loan investment and therefore are not included in the following tables of loans measured at fair value. Impaired loans internally graded as substandard, doubtful, or loss are evaluated using the fair value of collateral method. All other impaired loans are measured for impairment using the discounted cash flows method. Impaired loans where an allowance is established based on the fair value of collateral are included in the fair value hierarchy. When the fair value of the collateral is based on an observable market price or a current appraised value, we record the impaired loan as nonrecurring Level 2. When a current appraised value is not available and there is no observable market price, we record the impaired loan as nonrecurring Level 3. When impaired loans are deemed required to be included in the fair value hierarchy, management immediately begins the process of evaluating the estimated fair value of the underlying collateral to determine if a related specific allowance for loan losses or charge-off is necessary. Current appraisals are ordered once a loan is deemed impaired if the existing appraisal is more than twelve months old, or more frequently if there is known deterioration in value. For recently identified impaired loans, a current appraisal may not be available at the financial statement date. Until the current appraisal is obtained, the original appraised value is discounted, as appropriate, to compensate for the estimated depreciation in the value of the loan’s underlying collateral since the date of the original appraisal. Such discounts are generally estimated based upon management’s knowledge of sales of similar collateral within the applicable market area and its knowledge of other real estate market-related data as well as general economic trends. When a new appraisal is received (which is generally within 3 months of a loan being identified as impaired), management then re-evaluates the fair value of the collateral and adjusts any specific allocated allowance for loan losses, as appropriate. In addition, management also assigns a discount of 7–10% for the estimated costs to sell the collateral. Property Held for Sale: Property held for sale consists of real estate acquired in foreclosure or other settlement of loans. Such assets are carried on the balance sheet at the lower of the investment in the real estate or its fair value less estimated selling costs. The fair value of foreclosed properties is determined on a nonrecurring basis generally utilizing current appraisals performed by an independent, licensed appraiser applying an income or market value approach using observable market data (Level 2). Updated appraisals of foreclosed properties are generally obtained if the existing appraisal is more than 18 months old or more frequently if there is a known deterioration in value. However, if a current appraisal is not available, the original appraised value is discounted, as appropriate, to compensate for the estimated depreciation in the value of the real estate since the date of its original appraisal. Such discounts are generally estimated based upon management’s knowledge of sales of similar property within the applicable market area and its knowledge of other real estate market-related data as well as general economic trends (Level 3). Upon foreclosure, any fair value adjustment is charged against the allowance for loan losses. Subsequent fair value adjustments are recorded in the period incurred and included in other noninterest expense in the consolidated statements of income. Assets and Liabilities Recorded at Fair Value on a Recurring Basis The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis. Balance at Fair Value Measurements Using: Dollars in thousands March 31, 2017 Level 1 Level 2 Level 3 Available for sale securities U.S. Government sponsored agencies $ 14,564 $ — $ 14,564 $ — Mortgage backed securities: Government sponsored agencies 132,975 — 132,975 — Nongovernment sponsored entities 3,998 — 3,998 — State and political subdivisions 5,020 — 5,020 — Corporate debt securities 18,309 — 18,309 — Other equity securities 137 — 137 — Tax-exempt state and political subdivisions 107,025 — 107,025 — Total available for sale securities $ 282,028 $ — $ 282,028 $ — Derivative financial assets Interest rate swaps $ 257 $ — $ 257 $ — Derivative financial liabilities Interest rate swaps $ 3,823 $ — $ 3,823 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2016 Level 1 Level 2 Level 3 Available for sale securities U.S. Government sponsored agencies $ 15,174 $ — $ 15,174 $ — Mortgage backed securities: Government sponsored agencies 138,846 — 138,846 — Nongovernment sponsored entities 4,653 — 4,653 — Corporate debt securities 18,170 — 18,170 — Other equity securities 137 — 137 — Tax-exempt state and political subdivisions 89,562 — 89,562 — Total available for sale securities $ 266,542 $ — $ 266,542 $ — Derivative financial assets Interest rate swaps $ 200 $ — $ 200 $ — Derivative financial liabilities Interest rate swaps $ 4,611 $ — $ 4,611 $ — Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis We may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with U.S. generally accepted accounting principles. These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. Assets measured at fair value on a nonrecurring basis are included in the table below. Balance at Fair Value Measurements Using: Dollars in thousands March 31, 2017 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 172 $ — $ 172 $ — Collateral-dependent impaired loans Construction and development $ 945 $ — $ 945 $ — Residential real estate 296 — 130 166 Total collateral-dependent impaired loans $ 1,241 $ — $ 1,075 $ 166 Property held for sale Commercial real estate $ 976 $ — $ 976 $ — Construction and development 18,407 — 18,407 — Residential real estate 518 — 518 — Total property held for sale $ 19,901 $ — $ 19,901 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2016 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 176 $ — $ 176 $ — Collateral-dependent impaired loans Construction and development $ 945 $ — $ 945 $ — Residential real estate 130 — 130 — Total collateral-dependent impaired loans $ 1,075 $ — $ 1,075 $ — Property held for sale Commercial real estate $ 976 $ — $ 976 $ — Construction and development 19,327 — 19,327 — Residential real estate 279 — 279 — Total property held for sale $ 20,582 $ — $ 20,582 $ — The following summarizes the methods and significant assumptions we used in estimating our fair value disclosures for financial instruments, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis. Cash and cash equivalents: The carrying values of cash and cash equivalents approximate their estimated fair value. Securities: Estimated fair values of securities are based on quoted market prices, where available. If quoted market prices are not available, estimated fair values are based on quoted market prices of comparable securities. Other investments: Other investments consists of FHLB stock, which does not have readily determinable fair values and is carried at cost and an investment in a limited partnership which owns interests in a diversified portfolio of qualified affordable housing projects which is reflected at its carrying value. Loans held for sale: The carrying values of loans held for sale approximate their estimated fair values. Loans: The estimated fair values for loans are computed based on scheduled future cash flows of principal and interest, discounted at interest rates currently offered for loans with similar terms to borrowers of similar credit quality. No prepayments of principal are assumed. Accrued interest receivable and payable: The carrying values of accrued interest receivable and payable approximate their estimated fair values. Deposits: The estimated fair values of demand deposits (i.e. non-interest bearing checking, NOW, money market and savings accounts) and other variable rate deposits approximate their carrying values. Fair values of fixed maturity deposits are estimated using a discounted cash flow methodology at rates currently offered for deposits with similar remaining maturities. Any intangible value of long-term relationships with depositors is not considered in estimating the fair values disclosed. Short-term borrowings: The carrying values of short-term borrowings approximate their estimated fair values. Long-term borrowings: The fair values of long-term borrowings are estimated by discounting scheduled future payments of principal and interest at current rates available on borrowings with similar terms. Subordinated debentures owed to unconsolidated subsidiary trusts: The carrying values of subordinated debentures owed to unconsolidated subsidiary trusts approximate their estimated fair values. Derivative financial instruments: The fair value of the interest rate swaps is valued using independent pricing models. Off-balance sheet instruments: The fair values of commitments to extend credit and standby letters of credit are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present credit standing of the counter parties. The amounts of fees currently charged on commitments and standby letters of credit are deemed insignificant and therefore, the estimated fair values and carrying values are not shown below. The carrying values and estimated fair values of our financial instruments are summarized below: March 31, 2017 Fair Value Measurements Using: Dollars in thousands Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 58,221 $ 58,221 $ — $ 58,221 $ — Securities available for sale 282,028 282,028 — 282,028 — Other investments 13,328 13,328 — 13,328 — Loans held for sale, net 172 172 — 172 — Loans, net 1,292,915 1,301,676 — 1,075 1,300,601 Accrued interest receivable 6,024 6,024 — 6,024 — Derivative financial assets 257 257 — 257 — $ 1,652,945 $ 1,661,706 $ — $ 361,105 $ 1,300,601 Financial liabilities Deposits $ 1,301,241 $ 1,315,973 $ — $ 1,315,973 $ — Short-term borrowings 228,868 228,868 — 228,868 — Long-term borrowings 46,215 48,128 — 48,128 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 733 733 — 733 — Derivative financial liabilities 3,823 3,823 — 3,823 — $ 1,600,469 $ 1,617,114 $ — $ 1,617,114 $ — December 31, 2016 Fair Value Measurements Using: Dollars in thousands Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 46,616 $ 46,616 $ — $ 46,616 $ — Securities available for sale 266,542 266,542 — 266,542 — Other investments 12,942 12,942 — 12,942 — Loans held for sale, net 176 176 — 176 — Loans, net 1,307,862 1,321,235 — 1,075 1,320,160 Accrued interest receivable 6,167 6,167 — 6,167 — Derivative financial assets 200 200 — 200 — $ 1,640,505 $ 1,653,878 $ — $ 333,718 $ 1,320,160 Financial liabilities Deposits $ 1,295,519 $ 1,309,820 $ — $ 1,309,820 $ — Short-term borrowings 224,461 224,461 — 224,461 — Long-term borrowings 46,670 49,013 — 49,013 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 736 736 — 736 — Derivative financial liabilities 4,611 4,611 — 4,611 — $ 1,591,586 $ 1,608,230 $ — $ 1,608,230 $ — |
Earnings Per Share
Earnings Per Share | 3 Months Ended |
Mar. 31, 2017 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | EARNINGS PER SHARE The computations of basic and diluted (loss)/earnings per share follow: For the Three Months Ended March 31, 2017 2016 Dollars in thousands, except per share amounts Income (Numerator) Common Shares (Denominator) Per Share Income (Numerator) Common Shares (Denominator) Per Share Net income (loss) $ (1,616 ) $ 4,062 Basic (loss)/earnings per share $ (1,616 ) 10,738,365 $ (0.15 ) $ 4,062 10,671,856 $ 0.38 Effect of dilutive securities: Stock options — 7,445 Stock appreciation rights (SARs) — — Diluted (loss)/earnings per share $ (1,616 ) 10,738,365 $ (0.15 ) $ 4,062 10,679,301 $ 0.38 Stock option and stock appreciation right (SAR) grants are disregarded in this computation if they are determined to be anti-dilutive. Our anti-dilutive stock options for the quarters ended March 31, 2017 and March 31, 2016 were 49,140 shares and 57,000 shares respectively. Our anti-dilutive SARs for quarters ended March 31, 2017 and March 31, 2016 were 254,332 and 166,717 , respectively. |
Securities
Securities | 3 Months Ended |
Mar. 31, 2017 | |
Available-for-sale Securities [Abstract] | |
Securities | SECURITIES The amortized cost, unrealized gains, unrealized losses and estimated fair values of securities at March 31, 2017 , December 31, 2016 , and March 31, 2016 are summarized as follows: March 31, 2017 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 14,001 $ 618 $ 55 $ 14,564 Residential mortgage-backed securities: Government-sponsored agencies 132,920 1,332 1,277 132,975 Nongovernment-sponsored entities 3,972 42 16 3,998 State and political subdivisions General obligations 785 — 6 779 Other revenues 4,217 31 7 4,241 Corporate debt securities 18,363 39 93 18,309 Total taxable debt securities 174,258 2,062 1,454 174,866 Tax-exempt debt securities State and political subdivisions General obligations 57,545 689 1,174 57,060 Water and sewer revenues 12,074 101 88 12,087 Lease revenues 9,011 20 167 8,864 Electric revenues 3,236 15 74 3,177 Transit revenues 3,404 29 41 3,392 Other revenues 22,624 154 333 22,445 Total tax-exempt debt securities 107,894 1,008 1,877 107,025 Equity securities 137 — — 137 Total available for sale securities $ 282,289 $ 3,070 $ 3,331 $ 282,028 December 31, 2016 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 14,580 $ 642 $ 48 $ 15,174 Residential mortgage-backed securities: Government-sponsored agencies 138,451 1,554 1,159 138,846 Nongovernment-sponsored entities 4,631 44 22 4,653 Corporate debt securities 18,295 23 148 18,170 Total taxable debt securities 175,957 2,263 1,377 176,843 Tax-exempt debt securities State and political subdivisions General obligations 49,449 569 1,388 48,630 Water and sewer revenues 9,087 63 149 9,001 Lease revenues 9,037 7 201 8,843 Electric revenues 3,247 10 48 3,209 Sales tax revenues 2,870 — 34 2,836 Other revenues 17,321 93 371 17,043 Total tax-exempt debt securities 91,011 742 2,191 89,562 Equity securities 137 — — 137 Total available for sale securities $ 267,105 $ 3,005 $ 3,568 $ 266,542 March 31, 2016 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Available for Sale Taxable debt securities: U.S. Government and agencies and corporations $ 19,757 $ 1,231 $ 49 $ 20,939 Residential mortgage-backed securities: Government-sponsored agencies 151,895 2,594 596 153,893 Nongovernment-sponsored agencies 7,162 58 56 7,164 State and political subdivisions: Water and sewer revenues 250 — — 250 Corporate debt securities 14,539 38 662 13,915 Total taxable debt securities 193,603 3,921 1,363 196,161 Tax-exempt debt securities: State and political subdivisions: General obligations 40,103 1,926 45 41,984 Water and sewer revenues 7,547 216 — 7,763 Lease revenues 6,284 223 — 6,507 Special tax revenues 3,022 64 — 3,086 Sales tax revenues 2,899 72 — 2,971 Other revenues 12,588 381 3 12,966 Total tax-exempt debt securities 72,443 2,882 48 75,277 Equity securities 77 — — 77 Total available for sale securities $ 266,123 $ 6,803 $ 1,411 $ 271,515 The below information is relative to the five states where issuers with the highest volume of state and political subdivision securities held in our portfolio are located. We own no such securities of any single issuer which we deem to be a concentration. March 31, 2017 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Michigan $ 15,807 $ 33 $ 492 $ 15,348 Texas 11,981 73 169 11,885 California 11,741 111 251 11,601 Illinois 10,073 231 97 10,207 West Virginia 8,352 27 52 8,327 Management performs pre-purchase and ongoing analysis to confirm that all investment securities meet applicable credit quality standards. Prior to July 1, 2013, we principally used credit ratings from Nationally Recognized Statistical Rating Organizations (“NRSROs”) to support analyses of our portfolio of securities issued by state and political subdivisions, as we generally do not purchase securities that are rated below the six highest NRSRO rating categories. Beginning July 1, 2013, in addition to considering a security’s NRSRO rating, we now also assess or confirm through an internal review of an issuer’s financial information and other applicable information that: 1) the issuer’s risk of default is low; 2) the characteristics of the issuer’s demographics and economic environment are satisfactory; and 3) the issuer’s budgetary position and stability of tax or other revenue sources are sound. The maturities, amortized cost and estimated fair values of securities at March 31, 2017 , are summarized as follows: Dollars in thousands Amortized Cost Estimated Fair Value Due in one year or less $ 50,098 $ 50,397 Due from one to five years 89,853 90,143 Due from five to ten years 23,326 23,263 Due after ten years 118,875 118,088 Equity securities 137 137 $ 282,289 $ 282,028 The proceeds from sales, calls and maturities of available for sale securities, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized, for the three months ended March 31, 2017 and 2016 are as follows: Proceeds from Gross realized Dollars in thousands Sales Calls and Maturities Principal Payments Gains Losses For the Three Months Ended 2017 Securities available for sale $ 3,154 $ 600 $ 7,686 $ 61 $ 119 2016 Securities available for sale $ 33,787 $ 55 $ 8,170 $ 562 $ 169 We held 121 available for sale securities having an unrealized loss at March 31, 2017 . We do not intend to sell these securities, and it is more likely than not that we will not be required to sell these securities before recovery of their amortized cost bases. We believe that this decline in value is primarily attributable to the lack of market liquidity and to changes in market interest rates and not due to credit quality. Accordingly, no other-than-temporary impairment charge to earnings is warranted at this time. Provided below is a summary of securities available for sale which were in an unrealized loss position at March 31, 2017 and December 31, 2016 . March 31, 2017 Less than 12 months 12 months or more Total Dollars in thousands Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Temporarily impaired securities Taxable debt securities U.S. Government agencies and corporations $ — $ — $ 3,091 $ (55 ) $ 3,091 $ (55 ) Residential mortgage-backed securities: Government-sponsored agencies 59,339 (1,073 ) 9,015 (204 ) 68,354 (1,277 ) Nongovernment-sponsored entities — — 1,636 (16 ) 1,636 (16 ) State and political subdivisions: General obligations 779 (6 ) — — 779 (6 ) Other revenues 2,196 (7 ) — — 2,196 (7 ) Corporate debt securities 955 (45 ) 1,563 (48 ) 2,518 (93 ) Tax-exempt debt securities State and political subdivisions: General obligations 33,618 (1,174 ) — — 33,618 (1,174 ) Water and sewer revenues 5,376 (88 ) — — 5,376 (88 ) Lease revenues 4,390 (167 ) — — 4,390 (167 ) Electric revenues 1,939 (74 ) — — 1,939 (74 ) Transit revenues 1,118 (41 ) — — 1,118 (41 ) Other revenues 11,394 (333 ) — — 11,394 (333 ) Total temporarily impaired securities 121,104 (3,008 ) 15,305 (323 ) 136,409 (3,331 ) Total $ 121,104 $ (3,008 ) $ 15,305 $ (323 ) $ 136,409 $ (3,331 ) December 31, 2016 Less than 12 months 12 months or more Total Dollars in thousands Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Temporarily impaired securities Taxable debt securities U.S. Government agencies and corporations $ 763 $ (5 ) $ 2,575 $ (43 ) $ 3,338 $ (48 ) Residential mortgage-backed securities: Government-sponsored agencies 55,388 (985 ) 8,389 (174 ) 63,777 (1,159 ) Nongovernment-sponsored entities 97 — 3,013 (22 ) 3,110 (22 ) Corporate debt securities 968 (31 ) 3,136 (117 ) 4,104 (148 ) Tax-exempt debt securities State and political subdivisions: General obligations 33,115 (1,388 ) — — 33,115 (1,388 ) Water and sewer revenues 4,761 (149 ) — — 4,761 (149 ) Lease revenues 7,011 (201 ) — — 7,011 (201 ) Electric revenues 1,973 (48 ) — — 1,973 (48 ) Sales tax revenues 2,836 (34 ) — — 2,836 (34 ) Other revenues 8,445 (371 ) — — 8,445 (371 ) Total temporarily impaired securities 115,357 (3,212 ) 17,113 (356 ) 132,470 (3,568 ) Total $ 115,357 $ (3,212 ) $ 17,113 $ (356 ) $ 132,470 $ (3,568 ) |
Loans
Loans | 3 Months Ended |
Mar. 31, 2017 | |
Loans and Leases Receivable Disclosure [Abstract] | |
Loans | LOANS Loans are summarized as follows: Dollars in thousands March 31, December 31, March 31, Commercial $ 134,808 $ 119,088 $ 101,742 Commercial real estate Owner-occupied 217,733 203,047 202,680 Non-owner occupied 401,795 381,921 353,351 Construction and development Land and land development 68,079 72,042 66,483 Construction 16,511 16,584 7,997 Residential real estate Non-jumbo 266,140 265,641 221,368 Jumbo 60,780 65,628 50,057 Home equity 75,299 74,596 74,097 Mortgage warehouse lines 30,217 85,966 — Consumer 24,440 25,534 19,095 Other 8,831 9,489 11,235 Total loans, net of unearned fees 1,304,633 1,319,536 1,108,105 Less allowance for loan losses 11,718 11,674 11,315 Loans, net $ 1,292,915 $ 1,307,862 $ 1,096,790 The outstanding balance and the recorded investment of acquired loans included in the consolidated balance sheet at March 31, 2017 are as follows: Acquired Loans Dollars in thousands Purchased Credit Impaired Purchased Performing Total Outstanding balance $ 2,456 $ 49,173 $ 51,629 Recorded investment Commercial $ — $ 3,095 $ 3,095 Commercial real estate Owner-occupied — 3,054 3,054 Non-owner occupied — 1,118 1,118 Construction and development Land and land development — 3,608 3,608 Residential real estate Non-jumbo 998 31,037 32,035 Jumbo 1,014 3,247 4,261 Consumer — 3,708 3,708 Total recorded investment $ 2,012 $ 48,867 $ 50,879 The following table presents a summary of the change in the accretable yield of the PCI loan portfolio for the period from January 1, 2017 to March 31, 2017: Dollars in thousands Accretable yield, January 1, 2017 $ 290 Accretion (31 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — Other changes, net (14 ) Accretable yield, March 31, 2017 $ 245 The following table presents the contractual aging of the recorded investment in past due loans by class as of March 31, 2017 and 2016 and December 31, 2016 . At March 31, 2017 Past Due > 90 days and Accruing Dollars in thousands 30-59 days 60-89 days > 90 days Total Current Commercial $ 5 $ 157 $ 55 $ 217 $ 134,591 $ — Commercial real estate Owner-occupied 162 2,298 577 3,037 214,696 — Non-owner occupied 298 — — 298 401,497 — Construction and development Land and land development 252 38 3,741 4,031 64,048 — Construction — — — — 16,511 — Residential mortgage Non-jumbo 2,554 926 3,140 6,620 259,520 — Jumbo — — — — 60,780 — Home equity 108 — 379 487 74,812 — Mortgage warehouse lines — — — — 30,217 — Consumer 158 14 161 333 24,107 68 Other — — — — 8,831 — Total $ 3,537 $ 3,433 $ 8,053 $ 15,023 $ 1,289,610 $ 68 At December 31, 2016 Past Due > 90 days and Accruing Dollars in thousands 30-59 days 60-89 days > 90 days Total Current Commercial $ 90 $ 86 $ 165 $ 341 $ 118,747 $ — Commercial real estate Owner-occupied 93 — 509 602 202,445 — Non-owner occupied 340 — 65 405 381,516 — Construction and development Land and land development 423 129 3,852 4,404 67,638 — Construction — — — — 16,584 — Residential mortgage Non-jumbo 4,297 1,889 3,287 9,473 256,168 — Jumbo — — — — 65,628 — Home equity — 302 57 359 74,237 — Mortgage warehouse lines — — — — 85,966 — Consumer 308 84 150 542 24,992 — Other — — — — 9,489 — Total $ 5,551 $ 2,490 $ 8,085 $ 16,126 $ 1,303,410 $ — At March 31, 2016 Past Due > 90 days and Accruing Dollars in thousands 30-59 days 60-89 days > 90 days Total Current Commercial $ 39 $ 468 $ 179 $ 686 $ 101,056 $ — Commercial real estate Owner-occupied 272 497 822 1,591 201,089 — Non-owner occupied 153 — 749 902 352,449 — Construction and development Land and land development 178 41 4,739 4,958 61,525 — Construction — — — — 7,997 — Residential mortgage Non-jumbo 2,555 832 1,906 5,293 216,075 — Jumbo — — — — 50,057 — Home equity — 453 71 524 73,573 — Consumer 70 21 117 208 18,887 — Other — — — — 11,235 — Total $ 3,267 $ 2,312 $ 8,583 $ 14,162 $ 1,093,943 $ — Nonaccrual loans: The following table presents the nonaccrual loans included in the net balance of loans at March 31, 2017 , December 31, 2016 and March 31, 2016 . March 31, December 31, Dollars in thousands 2017 2016 2016 Commercial $ 226 $ 430 $ 298 Commercial real estate Owner-occupied 577 822 509 Non-owner occupied 4,157 5,318 4,336 Construction and development Land & land development 3,936 5,467 4,465 Construction — — — Residential mortgage Non-jumbo 5,343 3,023 4,621 Jumbo — — — Home equity 542 225 194 Mortgage warehouse lines — — — Consumer 94 121 151 Total $ 14,875 $ 15,406 $ 14,574 Impaired loans: Impaired loans include the following: ▪ Loans which we risk-rate (consisting of loan relationships having aggregate balances in excess of $ 2.5 million , or loans exceeding $ 500,000 and exhibiting credit weakness) through our normal loan review procedures and which, based on current information and events, it is probable that we will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement. Risk-rated loans with insignificant delays or insignificant short falls in the amount of payments expected to be collected are not considered to be impaired. ▪ Loans that have been modified in a troubled debt restructuring. Both commercial and consumer loans are deemed impaired upon being contractually modified in a troubled debt restructuring. Troubled debt restructurings typically result from our loss mitigation activities and occur when we grant a concession to a borrower who is experiencing financial difficulty in order to minimize our economic loss and to avoid foreclosure or repossession of collateral. Once restructured, a loan is generally considered impaired until its maturity, regardless of whether the borrower performs under the modified terms. Although such a loan may be returned to accrual status if the criteria set forth in our accounting policy are met, the loan would continue to be evaluated for an asset-specific allowance for loan losses and we would continue to report the loan in the impaired loan table below. The following tables present loans individually evaluated for impairment at March 31, 2017 , December 31, 2016 and March 31, 2016 . March 31, 2017 Dollars in thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Impaired Balance Interest Income Recognized while impaired Without a related allowance Commercial $ 275 $ 275 $ — $ 275 $ 9 Commercial real estate Owner-occupied 806 806 — 806 44 Non-owner occupied 9,678 9,679 — 9,679 271 Construction and development Land & land development 4,884 4,885 — 4,885 81 Construction — — — — — Residential real estate Non-jumbo 4,173 4,183 — 4,049 157 Jumbo 3,626 3,625 — 3,625 172 Home equity 524 523 — 523 24 Mortgage warehouse lines — — — — — Consumer 39 39 — 39 4 Total without a related allowance $ 24,005 $ 24,015 $ — $ 23,881 $ 762 With a related allowance Commercial $ — $ — $ — $ — $ — Commercial real estate Owner-occupied 6,847 6,847 375 6,847 268 Non-owner occupied 1,300 1,300 200 1,300 42 Construction and development Land & land development 2,065 2,066 589 2,066 79 Construction — — — — — Residential real estate Non-jumbo 2,298 2,300 337 2,041 96 Jumbo 852 852 25 852 43 Home equity — — — — — Mortgage warehouse lines — — — — — Consumer — — — — — Total with a related allowance $ 13,362 $ 13,365 $ 1,526 $ 13,106 $ 528 Total Commercial $ 25,855 $ 25,858 $ 1,164 $ 25,858 $ 794 Residential real estate 11,473 11,483 362 11,090 492 Consumer 39 39 — 39 4 Total $ 37,367 $ 37,380 $ 1,526 $ 36,987 $ 1,290 December 31, 2016 Dollars in thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Impaired Balance Interest Income Recognized while impaired Without a related allowance Commercial $ 285 $ 285 $ — $ 247 $ 10 Commercial real estate Owner-occupied 520 520 — 534 31 Non-owner occupied 10,203 10,205 — 10,675 294 Construction and development Land & land development 5,227 5,227 — 5,270 80 Construction — — — — — Residential real estate Non-jumbo 4,055 4,065 — 3,910 193 Jumbo 3,640 3,639 — 3,693 175 Home equity 524 523 — 523 22 Mortgage warehouse lines — — — — — Consumer 44 44 — 50 5 Total without a related allowance $ 24,498 $ 24,508 $ — $ 24,902 $ 810 With a related allowance Commercial $ — $ — $ — $ — $ — Commercial real estate Owner-occupied 6,864 6,864 347 6,879 269 Non-owner occupied 1,311 1,311 197 1,327 43 Construction and development Land & land development 2,066 2,066 585 2,074 80 Construction — — — — — Residential real estate Non-jumbo 2,055 2,057 251 1,851 78 Jumbo 853 853 24 862 44 Home equity — — — — — Mortgage warehouse lines — — — — — Consumer — — — — — Total with a related allowance $ 13,149 $ 13,151 $ 1,404 $ 12,993 $ 514 Total Commercial $ 26,476 $ 26,478 $ 1,129 $ 27,006 $ 807 Residential real estate 11,127 11,137 275 10,839 512 Consumer 44 44 — 50 5 Total $ 37,647 $ 37,659 $ 1,404 $ 37,895 $ 1,324 March 31, 2016 Dollars in thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Impaired Balance Interest Income Recognized while impaired Without a related allowance Commercial $ 200 $ 200 $ — $ 200 $ 9 Commercial real estate Owner-occupied 5,446 5,446 — 5,446 211 Non-owner occupied 11,352 11,353 — 11,353 299 Construction and development Land & land development 7,451 7,452 — 7,452 163 Construction — — — — — Residential real estate Non-jumbo 4,060 4,071 — 3,824 169 Jumbo 3,740 3,739 — 3,739 178 Home equity 710 709 — 709 32 Consumer 62 62 — 62 5 Total without a related allowance $ 33,021 $ 33,032 $ — $ 32,785 $ 1,066 With a related allowance Commercial $ — $ — $ — $ — $ — Commercial real estate Owner-occupied 2,929 2,929 89 2,929 112 Non-owner occupied 1,841 1,841 151 1,841 71 Construction and development Land & land development 1,152 1,152 139 1,152 — Construction — — — — — Residential real estate Non-jumbo 2,337 2,337 187 2,337 112 Jumbo 867 868 31 868 43 Home equity — — — — — Consumer — — — — — Total with a related allowance $ 9,126 $ 9,127 $ 597 $ 9,127 $ 338 Total Commercial $ 30,371 $ 30,373 $ 379 $ 30,373 $ 865 Residential real estate 11,714 11,724 218 11,477 534 Consumer 62 62 — 62 5 Total $ 42,147 $ 42,159 $ 597 $ 41,912 $ 1,404 Included in impaired loans are TDRs of $28.9 million , of which $28.2 million were current with respect to restructured contractual payments at March 31, 2017 , and $28.6 million , of which $28.1 million were current with respect to restructured contractual payments at December 31, 2016 . There were no commitments to lend additional funds under these restructurings at either balance sheet date. The following table presents by class the TDRs that were restructured during the three months ended March 31, 2017 and March 31, 2016 . Generally, the modifications were extensions of term, modifying the payment terms from principal and interest to interest only for an extended period, or reduction in interest rate. All TDRs are evaluated individually for allowance for loan loss purposes. For the Three Months Ended For the Three Months Ended Dollars in thousands Number of Modifications Pre-modification Recorded Investment Post-modification Recorded Investment Number of Modifications Pre-modification Recorded Investment Post-modification Recorded Investment Commercial — $ — $ — — $ — $ — Commercial real estate Owner-occupied — — — — — — Non-owner occupied — — — — — — Construction and development Land & land development — — — — — — Construction — — — — — — Residential real estate Non-jumbo 4 880 880 1 250 250 Jumbo — — — — — — Home equity — — — — — — Mortgage warehouse lines — — — — — — Consumer — — — — — — Total 4 $ 880 $ 880 1 $ 250 $ 250 The following table presents defaults during the stated period of TDRs that were restructured during the past twelve months. For purposes of these tables, a default is considered as either the loan was past due 30 days or more at any time during the period, or the loan was fully or partially charged off during the period. For the Three Months Ended Dollars in thousands Number of Defaults Recorded Investment at Default Date Commercial — $ — Commercial real estate Owner-occupied — — Non-owner occupied — — Construction and development Land & land development — — Construction — — Residential real estate Non-jumbo 1 319 Jumbo — — Home equity — — Mortgage warehouse lines — — Consumer — — Total 1 $ 319 The following table details the activity regarding TDRs by loan type for the three months and three months ended March 31, 2017 , and the related allowance on TDRs. For the Three Months Ended March 31, 2017 Construction & Land Development Commercial Real Estate Residential Real Estate Dollars in thousands Land & Land Develop- ment Construc- tion Commer- cial Owner Occupied Non- Owner Occupied Non- jumbo Jumbo Home Equity Mortgage Warehouse Lines Con- sumer Other Total Troubled debt restructurings Balance January 1, 2017 $ 3,866 $ — $ 183 $ 7,383 $ 6,714 $ 5,417 $ 4,493 $ 523 $ — $ 44 $ — $ 28,623 Additions — — — — — 880 — — — — — 880 Charge-offs — — — — (65 ) — — — — — — (65 ) Net (paydowns) advances (352 ) — (5 ) (28 ) (58 ) (83 ) (15 ) — — (4 ) — (545 ) Transfer into foreclosed properties — — — — — — — — — — — — Refinance out of TDR status — — — — — — — — — — — — Balance, March 31, 2017 $ 3,514 $ — $ 178 $ 7,355 $ 6,591 $ 6,214 $ 4,478 $ 523 $ — $ 40 $ — $ 28,893 Allowance related to troubled debt restructurings $ 526 $ — $ — $ 375 $ 200 $ 337 $ 25 $ — $ — $ — $ — $ 1,463 The following table presents the recorded investment in construction and development, commercial, and commercial real estate loans which are generally evaluated based upon our internal risk ratings. Loan Risk Profile by Internal Risk Rating Construction and Development Commercial Real Estate Land and Land Development Construction Commercial Owner Occupied Non-Owner Occupied Mortgage Warehouse Lines Dollars in thousands 3/31/2017 12/31/2016 3/31/2017 12/31/2016 3/31/2017 12/31/2016 3/31/2017 12/31/2016 3/31/2017 12/31/2016 3/31/2017 12/31/2016 Pass $ 60,870 $ 64,144 $ 16,511 $ 16,584 $ 133,106 $ 117,214 $ 212,724 $ 201,113 $ 396,073 $ 375,181 $ 30,217 $ 85,966 OLEM (Special Mention) 2,002 2,097 — — 1,341 1,471 3,152 567 1,199 1,381 — — Substandard 5,207 5,801 — — 361 403 1,857 1,367 4,523 5,359 — — Doubtful — — — — — — — — — — — — Loss — — — — — — — — — — — — Total $ 68,079 $ 72,042 $ 16,511 $ 16,584 $ 134,808 $ 119,088 $ 217,733 $ 203,047 $ 401,795 $ 381,921 $ 30,217 $ 85,966 The following table presents the recorded investment in consumer, residential real estate, and home equity loans, which are generally evaluated based on the aging status of the loans, which was previously presented, and payment activity. Performing Nonperforming Dollars in thousands 3/31/2017 12/31/2016 3/31/2016 3/31/2017 12/31/2016 3/31/2016 Residential real estate Non-jumbo $ 260,690 $ 261,020 $ 218,345 $ 5,450 $ 4,621 $ 3,023 Jumbo 60,780 65,628 50,057 — — — Home Equity 74,757 74,402 73,872 542 194 225 Consumer 24,262 25,368 18,960 178 166 135 Other 8,831 9,489 11,235 — — — Total $ 429,320 $ 435,907 $ 372,469 $ 6,170 $ 4,981 $ 3,383 Loan commitments: ASC Topic 815, Derivatives and Hedging, requires that commitments to make mortgage loans should be accounted for as derivatives if the loans are to be held for sale, because the commitment represents a written option and accordingly is recorded at the fair value of the option liability. |
Allowance For Loan Losses
Allowance For Loan Losses | 3 Months Ended |
Mar. 31, 2017 | |
Allowance for Loan and Lease Losses Write-offs, Net [Abstract] | |
Allowance for Loan Losses | ALLOWANCE FOR LOAN LOSSES An analysis of the allowance for loan losses for the three month periods ended March 31, 2017 and 2016 , and for the year ended December 31, 2016 is as follows: Three Months Ended Year Ended Dollars in thousands 2017 2016 2016 Balance, beginning of year $ 11,674 $ 11,472 $ 11,472 Charge-offs: Commercial 2 260 489 Commercial real estate Owner occupied 3 — 179 Non-owner occupied 65 101 124 Construction and development Land and land development 3 — 127 Construction — — 9 Residential real estate Non-jumbo 160 120 169 Jumbo 1 — — Home equity — 11 175 Mortgage warehouse lines — — — Consumer 30 15 98 Other 50 53 185 Total 314 560 1,555 Recoveries: Commercial 3 59 73 Commercial real estate Owner occupied 8 8 31 Non-owner occupied 2 3 17 Construction and development Land and land development 15 5 840 Construction — — — Real estate - mortgage Non-jumbo 22 36 136 Jumbo — — 6 Home equity — 1 3 Mortgage warehouse lines — — — Consumer 18 15 76 Other 40 26 75 Total 108 153 1,257 Net charge-offs 206 407 298 Provision for loan losses 250 250 500 Balance, end of period $ 11,718 $ 11,315 $ 11,674 Activity in the allowance for loan losses by loan class during the first three months of 2017 is as follows: Allowance for loan losses Allowance related to: Loans Beginning Balance Charge- offs Recoveries Provision Ending Balance Loans individua- lly evaluated for impairm- ent Loans collective- ly evaluated for impairm- ent Loans acquired with deteriora- ted credit quality Total Loans individua- lly evaluated for impairm- ent Loans collectively evaluated for impairment Loans Total Commercial $ 934 $ (2 ) $ 3 $ (117 ) $ 818 $ — $ 818 $ — $ 818 $ 275 $ 134,533 $ — $ 134,808 Commercial real estate Owner occupied 2,109 (3 ) 8 565 2,679 375 2,304 — 2,679 7,653 210,080 — 217,733 Non-owner occupied 3,438 (65 ) 2 1,026 4,401 200 4,201 — 4,401 10,978 390,817 — 401,795 Construction and development Land and land development 2,263 (3 ) 15 (1,567 ) 708 589 119 — 708 6,949 61,130 — 68,079 Construction 24 — — (4 ) 20 — 20 — 20 — 16,511 — 16,511 Residential real estate Non-jumbo 2,174 (160 ) 22 207 2,243 337 1,906 — 2,243 6,471 258,671 — 265,142 Jumbo 95 (1 ) — 76 170 25 145 — 170 4,478 55,288 — 59,766 Home equity 413 — — 78 491 — 491 — 491 524 74,775 — 75,299 Mortgage warehouse lines — — — — — — — — — — 30,217 — 30,217 Consumer 121 (30 ) 18 (29 ) 80 — 80 — 80 39 24,401 — 24,440 Other 103 (50 ) 40 15 108 — 108 — 108 — 8,831 — 8,831 PCI — — — — — — — — — — — 2,012 2,012 Total $ 11,674 $ (314 ) $ 108 $ 250 $ 11,718 $ 1,526 $ 10,192 $ — $ 11,718 $ 37,367 $ 1,265,254 $ 2,012 $ 1,304,633 |
Goodwill And Other Intangible A
Goodwill And Other Intangible Assets | 3 Months Ended |
Mar. 31, 2017 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS The following tables present our goodwill by reporting unit at March 31, 2017 and other intangible assets by reporting unit at March 31, 2017 and December 31, 2016 . Goodwill Activity Dollars in thousands Community Banking Insurance Services Total Balance, January 1, 2017 $ 6,280 $ 4,710 $ 10,990 Reclassifications to goodwill 30 — 30 Balance, March 31, 2017 $ 6,310 $ 4,710 $ 11,020 Other Intangible Assets March 31, 2017 December 31, 2016 Dollars in thousands Community Banking Insurance Services Total Community Banking Insurances Services Total Identifiable intangible assets Gross carrying amount $ 1,612 $ 3,000 $ 4,612 $ 1,610 $ 3,000 $ 4,610 Less: accumulated amortization 95 1,950 2,045 47 1,900 1,947 Net carrying amount $ 1,517 $ 1,050 $ 2,567 $ 1,563 $ 1,100 $ 2,663 We recorded amortization expense of approximately $97,000 for the three months ended March 31, 2017 relative to our identifiable intangible assets. Amortization relative to our identifiable intangible assets is expected to approximate the following: Core Deposit Customer Dollars in thousands Intangible Intangible 2017 $ 186 $ 200 2018 175 200 2019 163 200 2020 151 200 2021 139 200 |
Deposits
Deposits | 3 Months Ended |
Mar. 31, 2017 | |
Deposits [Abstract] | |
Deposits | DEPOSITS The following is a summary of interest bearing deposits by type as of March 31, 2017 and 2016 and December 31, 2016 : Dollars in thousands March 31, December 31, March 31, Demand deposits, interest bearing $ 275,678 $ 262,591 $ 210,878 Savings deposits 342,548 337,348 286,695 Time deposits 530,929 545,843 474,593 Total $ 1,149,155 $ 1,145,782 $ 972,166 Included in time deposits are deposits acquired through a third party (“brokered deposits”) totaling $200.3 million , $205.7 million and $138.8 million at March 31, 2017 , December 31, 2016 , and March 31, 2016 , respectively. A summary of the scheduled maturities for all time deposits as of March 31, 2017 is as follows: Dollars in thousands Nine month period ending December 31, 2017 $ 211,129 Year ending December 31, 2018 129,067 Year ending December 31, 2019 73,182 Year ending December 31, 2020 47,752 Year ending December 31, 2021 37,456 Thereafter 32,343 Total $ 530,929 The following is a summary of the maturity distribution of all certificates of deposit in denominations of $100,000 or more as of March 31, 2017 : Dollars in thousands Amount Percent Three months or less $ 76,654 19.1 % Three through six months 42,176 10.5 % Six through twelve months 90,662 22.6 % Over twelve months 191,595 47.8 % Total $ 401,087 100.00 % |
Borrowed Funds
Borrowed Funds | 3 Months Ended |
Mar. 31, 2017 | |
Debt Disclosure [Abstract] | |
Borrowed Funds | BORROWED FUNDS Short-term borrowings: A summary of short-term borrowings is presented below: Three Months Ended March 31, 2017 2016 Dollars in thousands Short-term FHLB Advances Federal Funds Purchased and Lines of Credit Short-term FHLB Advances Federal Funds Purchased and Lines of Credit Balance at March 31 $ 225,400 $ 3,468 $ 150,000 $ 3,448 Average balance outstanding for the period 193,481 3,465 165,102 3,446 Maximum balance outstanding at any month end during period 225,400 3,468 188,450 3,448 Weighted average interest rate for the period 1.02 % 1.00 % 0.58 % 0.50 % Weighted average interest rate for balances outstanding at March 31 0.84 % 0.78 % 0.57 % 0.50 % Long-term borrowings: Our long-term borrowings of $46.2 million , $46.7 million and $75.1 million at March 31, 2017 , December 31, 2016 , and March 31, 2016 respectively, consisted primarily of advances from the Federal Home Loan Bank (“FHLB”) and structured repurchase agreements with unaffiliated institutions. All FHLB advances are collateralized primarily by similar amounts of residential mortgage loans, certain commercial loans, mortgage backed securities and securities of U. S. Government agencies and corporations. Balance at March 31, Balance at Dollars in thousands 2017 2016 2016 Long-term FHLB advances $ 764 $ 846 $ 767 Long-term repurchase agreements 45,000 72,000 45,000 Term loan 451 2,257 903 Total $ 46,215 $ 75,103 $ 46,670 The term loan at March 31, 2017 is secured by the common stock of our subsidiary bank and bears a variable interest rate of prime minus 50 basis points with a final maturity of 2017. Our long term FHLB borrowings and repurchase agreements bear both fixed and variable rates and mature in varying amounts through the year 2026. The average interest rate paid on long-term borrowings for the three month period ended March 31, 2017 was 4.26% compared to 4.41% for the first three months of 2016 . Subordinated debentures owed to unconsolidated subsidiary trusts: We have three statutory business trusts that were formed for the purpose of issuing mandatorily redeemable securities (the “capital securities”) for which we are obligated to third party investors and investing the proceeds from the sale of the capital securities in our junior subordinated debentures (the “debentures”). The debentures held by the trusts are their sole assets. Our subordinated debentures totaled $ 19.6 million at March 31, 2017 , December 31, 2016 , and March 31, 2016 . In October 2002, we sponsored SFG Capital Trust I, in March 2004, we sponsored SFG Capital Trust II, and in December 2005, we sponsored SFG Capital Trust III, of which 100% of the common equity of each trust is owned by us. SFG Capital Trust I issued $ 3.5 million in capital securities and $ 109,000 in common securities and invested the proceeds in $ 3.61 million of debentures. SFG Capital Trust II issued $ 7.5 million in capital securities and $ 232,000 in common securities and invested the proceeds in $ 7.73 million of debentures. SFG Capital Trust III issued $ 8.0 million in capital securities and $ 248,000 in common securities and invested the proceeds in $ 8.25 million of debentures. Distributions on the capital securities issued by the trusts are payable quarterly at a variable interest rate equal to 3 month LIBOR plus 345basis points for SFG Capital Trust I, 3 month LIBOR plus 280basis points for SFG Capital Trust II, and 3 month LIBOR plus 145basis points for SFG Capital Trust III, and equals the interest rate earned on the debentures held by the trusts, and is recorded as interest expense by us. The capital securities are subject to mandatory redemption in whole or in part, upon repayment of the debentures. We have entered into agreements which, taken collectively, fully and unconditionally guarantee the capital securities subject to the terms of the guarantee. The debentures of each Capital Trust are redeemable by us quarterly. The capital securities held by SFG Capital Trust I, SFG Capital Trust II, and SFG Capital Trust III qualify as Tier 1 capital under Federal Reserve Board guidelines. In accordance with these Guidelines, trust preferred securities generally are limited to 25% of Tier 1 capital elements, net of goodwill. The amount of trust preferred securities and certain other elements in excess of the limit can be included in Tier 2 capital. A summary of the maturities of all long-term borrowings and subordinated debentures for the next five years and thereafter is as follows: Dollars in thousands Long-term borrowings Subordinated debentures owed to unconsolidated subsidiary trusts Year Ending December 31, 2017 $ 463 $ — 2018 45,017 — 2019 18 — 2020 19 — 2021 20 — Thereafter 678 19,589 $ 46,215 $ 19,589 |
Share Based Compensation
Share Based Compensation | 3 Months Ended |
Mar. 31, 2017 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Share Based Compensation | SHARE-BASED COMPENSATION The 2014 Long-Term Incentive Plan (“2014 LTIP”) was adopted by our shareholders in May 2014 to enhance the ability of the Company to attract and retain exceptionally qualified individuals to serve as key employees. The LTIP provides for the issuance of up to 500,000 shares of common stock, in the form of equity awards including stock options, restricted stock, restricted stock units, stock appreciation rights ("SARs"), performance units, other stock-based awards or any combination thereof, to our key employees. Stock options awarded under the 2009 Officer Stock Option Plan and the 1998 Officer Stock Option Plan (collectively, the “Plans”) were not altered by the 2014 LTIP, and remain subject to the terms of the Plans. However, under the terms of the 2014 LTIP, all shares of common stock remaining issuable under the Plans at the time the 2014 LTIP was adopted ceased to be available for future issuance. Under the 2014 LTIP and the Plans, stock options and SARs have generally been granted with an exercise price equal to the fair value of Summit's common stock on the grant date. We periodically grant employee stock options to individual employees. During first quarter 2017, we granted 53,309 SARs that become exercisable ratably over five years ( 20% per year) and expire ten years after the grant date. We granted 34,306 SARS that become exercisable ratably over seven years ( 14.29% per year) and expire ten years after the grant date. There were no grants of stock options or SARs during the first quarter 2016. The fair value of our employee stock options and SARs granted under the Plans is estimated at the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that would otherwise have a significant effect on the value of employee stock options and SARs granted but are not considered by the model. Because our employee stock options and SARs have characteristics significantly different from those of traded options and because changes in the subjective input assumptions can materially affect the fair value estimate, in management’s opinion, the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options and SARs at the time of grant. The assumptions used to value SARs issued during 2017 were as follows: 5-year vesting SARs 7-year vesting SARs Risk-free interest rate 2.16 % 2.24 % Expected dividend yield 1.45 % 1.45 % Expected common stock volatility 60.05 % 59.60 % Expected life 6.5 years 7 years We recognize compensation expense based on the estimated number of stock awards expected to actually vest, exclusive of the awards expected to be forfeited. During the first three months of 2017 and 2016 , our stock compensation expense was $84,000 and $50,000 and the related deferred taxes were approximately $31,000 and $19,000 . A summary of activity in our Plans during the first three months of 2017 and 2016 is as follows: For the Three Months Ended March 31, 2017 2016 Options/SARs Weighted-Average Exercise Price Options/SARs Weighted-Average Exercise Price Outstanding, January 1 217,857 $ 13.56 244,147 $ 14.05 Granted 87,615 26.01 — — Exercised (2,000 ) 6.21 — — Forfeited — — — — Expired — — — — Outstanding, March 31 303,472 $ 17.20 244,147 $ 14.05 Other information regarding awards outstanding and exercisable at March 31, 2017 is as follows: Options/SARs Outstanding Options/SARs Exercisable Range of exercise price # of awards WAEP Wted. Avg. Remaining Contractual Life (yrs) Aggregate Intrinsic Value (in thousands) # of awards WAEP Aggregate Intrinsic Value (in thousands) $2.54 - $6.00 5,000 $ 2.54 6.33 $ 95 5,000 $ 2.54 $ 95 6.01 - 10.00 5,640 8.91 1.79 71 5,640 8.91 71 10.01 - 17.50 166,717 12.01 8.07 1,589 33,343 12.01 318 17.51 - 20.00 15,100 17.81 1.28 57 15,100 17.81 57 20.01 - 25.93 111,015 25.99 8.14 — 23,400 25.93 — 303,472 17.20 $ 1,812 82,483 16.23 $ 541 |
Commitments And Contingencies
Commitments And Contingencies | 3 Months Ended |
Mar. 31, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | COMMITMENTS AND CONTINGENCIES Off-Balance Sheet Arrangements We are a party to certain financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of our customers. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the statement of financial position. The contract amounts of these instruments reflect the extent of involvement that we have in this class of financial instruments. Many of our lending relationships contain both funded and unfunded elements. The funded portion is reflected on our balance sheet. The unfunded portion of these commitments is not recorded on our balance sheet until a draw is made under the loan facility. Since many of the commitments to extend credit may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash flow requirements. A summary of the total unfunded, or off-balance sheet, credit extension commitments follows: Dollars in thousands March 31, Commitments to extend credit: Revolving home equity and credit card lines $ 64,262 Construction loans 46,643 Other loans 113,035 Standby letters of credit 3,301 Total $ 227,241 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. We evaluate each customer's credit worthiness on a case-by-case basis. The amount of collateral obtained, if we deem necessary upon extension of credit, is based on our credit evaluation. Collateral held varies but may include accounts receivable, inventory, equipment or real estate. Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. Standby letters of credit generally are contingent upon the failure of the customer to perform according to the terms of the underlying contract with the third party. Our exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. We use the same credit policies in making commitments and conditional obligations as we do for on-balance sheet instruments. Litigation On May 13, 2014, the ResCap Liquidating Trust (“ResCap”), as successor to Residential Funding Company, LLC f/k/a Residential Funding Corporation (“RFC”), filed a complaint against Summit Financial Mortgage, LLC (“Summit Mortgage”), a former residential mortgage subsidiary of Summit whose operations were discontinued in 2007, in the United States Bankruptcy Court for the Southern District of New York and subsequently amended its complaint on July 25, 2014. Furthermore, on January 23, 2017, ResCap, as successor to RFC (together with RFC, the "RFC Parties"), filed a complaint against Summit Community Bank, Inc., as successor to Shenandoah Valley Community Bank (“Summit”), in the United States District Court for the District of Minnesota (collectively, the “ResCap Litigation”). Additional information regarding the ResCap Litigation is included under the caption “Legal Contingencies” in Note 17 of our consolidated financial statements beginning on page 92 of our Form 10-K for the year ended December 31, 2016. On April 24, 2017, Summit Community Bank, Inc. entered into a Settlement and Release Agreement (the “Settlement Agreement”) with the RFC parties with respect to the Rescap Litigation. Under the Settlement Agreement, Summit Community Bank agreed to pay $9.9 million to fully resolve all claims by the RFC Parties, and to avoid the further costs, disruption, and distraction of defending the Rescap Litigation. Summit recorded a charge to noninterest expense in its consolidated statement of income for the three months ended March 31, 2017 to recognize this settlement. We are not a party to any other litigation except for matters that arise in the normal course of business. While it is impossible to ascertain the ultimate resolution or range of financial liability with respect to these contingent matters, in the opinion of management, the outcome of these matters will not have a significant adverse effect on the consolidated financial statements. |
Regulatory Matters
Regulatory Matters | 3 Months Ended |
Mar. 31, 2017 | |
Banking and Thrift [Abstract] | |
Regulatory Matters | REGULATORY MATTERS We and our subsidiaries are subject to various regulatory capital requirements administered by the banking regulatory agencies. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, we and each of our subsidiaries must meet specific capital guidelines that involve quantitative measures of our and our subsidiaries’ assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. We and each of our subsidiaries’ capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require us and each of our subsidiaries to maintain minimum amounts and ratios of Common Equity Tier ("CET1") 1, Total capital and Tier I capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier I capital (as defined) to average assets (as defined). We believe, as of March 31, 2017 , that we and each of our subsidiaries met all capital adequacy requirements to which they were subject. The most recent notifications from the banking regulatory agencies categorized us and each of our subsidiaries as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, we and each of our subsidiaries must maintain minimum CET1, Total risk-based, Tier I risk-based, and Tier I leverage ratios as set forth in the table below. The Basel III Capital Rules became effective for us on January 1, 2015, with full compliance with all of the final rule's requirements phased in over a multi-year schedule, to be fully phased-in by January 1, 2019. As of March 31, 2017 , our capital levels remained characterized as "well-capitalized" under the new rules. See the Capital Requirements section included in Part I Item 1 Business of our 2015 Annual Report on Form 10-K for further discussion of Basel III. The following table presents Summit's, as well as our subsidiary, Summit Community Bank's ("Summit Community"), actual and required minimum capital amounts and ratios as of March 31, 2017 and December 31, 2016 under the Basel III Capital Rules. The minimum required capital levels presented below reflect the minimum required capital levels (inclusive of the full capital conservation buffers) that will be effective as of January 1, 2019 when the Basel III Capital Rules have been fully phased-in. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules. Actual Minimum Required Capital - Basel III Fully Phased-in Minimum Required To Be Well Capitalized Dollars in thousands Amount Ratio Amount Ratio Amount Ratio As of March 31, 2017 CET1 (to risk weighted assets) Summit $ 143,684 10.3 % $ 97,649 7.0 % $ 90,674 6.5 % Summit Community 161,572 11.6 % 97,500 7.0 % 90,536 6.5 % Tier I Capital (to risk weighted assets) Summit 160,888 11.5 % 118,917 8.5 % 111,922 8.0 % Summit Community 161,572 11.6 % 118,393 8.5 % 111,429 8.0 % Total Capital (to risk weighted assets) Summit 172,606 12.3 % 147,347 10.5 % 140,330 10.0 % Summit Community 173,290 12.4 % 146,738 10.5 % 139,750 10.0 % Tier I Capital (to average assets) Summit 160,888 9.4 % 68,463 4.0 % 85,579 5.0 % Summit Community 161,572 9.4 % 68,754 4.0 % 85,943 5.0 % Actual Minimum Required Capital - Basel III Fully Phased-in Minimum Required To Be Well Capitalized Dollars in thousands Amount Ratio Amount Ratio Amount Ratio As of December 31, 2016 CET1 (to risk weighted assets) Summit 146,494 10.5 % 97,663 7.0 % 90,687 6.5 % Summit Community 165,747 11.9 % 97,498 7.0 % 90,534 6.5 % Tier I Capital (to risk weighted assets) Summit 164,357 11.8 % 118,393 8.5 % 111,428 8.0 % Summit Community 165,747 11.9 % 118,391 8.5 % 111,427 8.0 % Total Capital (to risk weighted assets) Summit 176,031 12.6 % 122,734 10.5 % 139,707 10.0 % Summit Community 177,421 12.7 % 146,687 10.5 % 139,702 10.0 % Tier I Capital (to average assets) Summit 164,357 9.4 % 69,939 4.0 % 87,424 5.0 % Summit Community 165,747 9.5 % 69,788 4.0 % 87,235 5.0 % |
Segment Information
Segment Information | 3 Months Ended |
Mar. 31, 2017 | |
Segment Reporting [Abstract] | |
Segment Information | SEGMENT INFORMATION We operate two business segments: community banking and insurance & financial services. These segments are primarily identified by the products or services offered. The community banking segment consists of our full service banks which offer customers traditional banking products and services through various delivery channels. The insurance & financial services segment includes three insurance agency offices that sell insurance products. The accounting policies discussed throughout the notes to the consolidated financial statements apply to each of our business segments. Inter-segment revenue and expense consists of management fees allocated to the community banking and the insurance & financial services segments for all centralized functions that are performed by the parent, including overall direction in the areas of strategic planning, investment portfolio management, asset/liability management, financial reporting and other financial and administrative services. Information for each of our segments is included below: Three Months Ended March 31, 2017 Dollars in thousands Community Banking Insurance & Financial Services Parent Eliminations Total Net interest income $ 13,795 $ — $ (165 ) $ — $ 13,630 Provision for loan losses 250 — — — 250 Net interest income after provision for loan losses 13,545 — (165 ) — 13,380 Other income 1,507 1,072 491 (491 ) 2,579 Other expenses 18,104 981 422 (491 ) 19,016 Income (loss) before income taxes (3,052 ) 91 (96 ) — (3,057 ) Income tax expense (benefit) (1,450 ) 41 (32 ) — (1,441 ) Net income (loss) $ (1,602 ) $ 50 $ (64 ) $ — $ (1,616 ) Inter-segment revenue (expense) $ (451 ) $ (40 ) $ 491 $ — $ — Average assets $ 1,750,059 $ 6,174 $ 180,393 $ (206,991 ) $ 1,729,635 Capital expenditures $ 2,992 $ 3 $ — $ — $ 2,995 Three Months Ended March 31, 2016 Dollars in thousands Community Banking Insurance & Financial Services Parent Eliminations Total Net interest income $ 11,938 $ — $ (159 ) $ — $ 11,779 Provision for loan losses 250 — — — 250 Net interest income after provision for loan losses 11,688 — (159 ) — 11,529 Other income 1,757 1,049 389 (389 ) 2,806 Other expenses 7,274 1,055 614 (389 ) 8,554 Income (loss) before income taxes 6,171 (6 ) (384 ) — 5,781 Income tax expense (benefit) 1,843 (2 ) (122 ) — 1,719 Net income (loss) $ 4,328 $ (4 ) $ (262 ) $ — $ 4,062 Inter-segment revenue (expense) $ (361 ) $ (28 ) $ 389 $ — $ — Average assets $ 1,526,926 $ 5,866 $ 171,028 $ (198,706 ) $ 1,505,114 Capital expenditures $ 221 $ — $ 91 $ — $ 312 |
Derivative Financial Instrument
Derivative Financial Instruments | 3 Months Ended |
Mar. 31, 2017 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments | DERIVATIVE FINANCIAL INSTRUMENTS We have entered into three forward-starting, pay-fixed/receive LIBOR interest rate swaps. $ 40 million notional with an effective date of July 18, 2016, was designated as a cash flow hedge of $ 40 million of forecasted variable rate Federal Home Loan Bank advances. Under the terms of this swap we will pay a fixed rate of 2.98% for a 3 year period. $ 30 million notional with an effective date of April 18, 2016, was designated as a cash flow hedge of $ 30 million of forecasted variable rate Federal Home Loan Bank advances. Under the terms of this swap we will pay a fixed rate of 2.89% for a 4.5 year period. $ 40 million notional with an effective date of October 18, 2016, was designated as a cash flow hedge of $ 40 million of forecasted variable rate Federal Home Loan Bank advances. Under the terms of the swap we will pay a fixed rate of 2.84% for a 3 year period. We have entered into two pay fixed/receive variable interest rate swaps to hedge fair value variability of two commercial fixed rate loans with the same principal, amortization, and maturity terms of the underlying loans, which are designated as fair value hedges. Under the terms of a $9.95 million original notional swap with an effective date of January 15, 2015, we will pay a fixed rate of 4.33% for a 10 year period. Under the terms of a $11.3 million original notional swap with an effective date of December 18, 2015, we will pay a fixed rate of 4.30% for a 10 year period. A summary of our derivative financial instruments as of March 31, 2017 and December 31, 2016 follows: March 31, 2017 Derivative Fair Value Net Ineffective Dollars in thousands Notional Amount Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 110,000 $ — $ 3,823 $ — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 20,374 $ 257 $ — $ — December 31, 2016 Derivative Fair Value Net Ineffective Dollars in thousands Notional Amount Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 110,000 $ — $ 4,611 $ — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 20,507 $ 200 $ — $ — Loan commitments: ASC Topic 815, Derivatives and Hedging, requires that commitments to make mortgage loans should be accounted for as derivatives if the loans are to be held for sale, because the commitment represents a written option and accordingly is recorded at the fair value of the option liability. |
Acquisitions Acquisitions
Acquisitions Acquisitions | 3 Months Ended |
Mar. 31, 2017 | |
Business Combinations [Abstract] | |
Business Combination Disclosure [Text Block] | NOTE 16. ACQUISITIONS On October 1, 2016, Summit Community Bank, Inc. ("SCB"), a wholly-owned subsidiary of Summit, acquired 100% of the ownership of Highland County Bankshares, Inc. ("HCB") and its subsidiary First and Citizens Bank, headquartered in Monterey, Virginia for cash consideration of $21.8 million . HCB's assets and liabilities approximated $123 million and $107 million , respectively, at September 30, 2016. On April 1, 2017, SCB acquired First Century Bankshares, Inc. ("FCB") and its subsidiary First Century Bank, headquartered in Bluefield, West Virginia, for consideration of 1,537,912 shares of Summit common stock and $15.0 million cash. FCB's assets and liabilities approximated $405 million and $361 million , respectively, at March 31, 2017. The following table estimates the pro forma revenue, net income and diluted earnings per share of the combined entities of Summit, HCB and FCB as if the acquisitions had taken place on January 1, 2016. The pro forma revenue, net income and diluted earnings per share for the three months ended March 31, 2017 combines the historical results of FCB with Summit's consolidated statements of income and while certain adjustments were made for the estimated effect of certain fair value adjustments and other acquisition-related activity, they are not indicative of what would have occurred had the acquisition actually taken place on January 1, 2016. Acquisition related expenses of $109,000 were included in our actual consolidated statement of income for the three months ended March 31, 2017, but were excluded from the pro forma information listed below. Additionally, FCB incurred acquisition related expenses of $661,000 in the first three months of 2017 which were also excluded. We expect to achieve operational cost savings and other efficiencies as a result of the acquisition which are not reflected in the pro forma amounts below. The pro forma revenue, net income and diluted earnings per share for the three months ended March 31, 2016 combines the historical results of HCB and FCB with Summit's consolidated statements of income and while certain adjustments were made for the estimated effect of certain fair value adjustments and other acquisition-related activity, they are not indicative of what would have occurred had the acquisition actually taken place on January 1, 2016. Acquisition related expenses of $112,000 were included in our actual consolidated statement of income for the three months ended March 31, 2016, but were excluded from the pro forma information listed below. We expect to achieve operational cost savings and other efficiencies as a result of the acquisition which are not reflected in the pro forma amounts below. Summit, HCB & FCB Pro Forma For the Three Ended March 31, Dollars in thousands, except per share amounts 2017 2016 Total revenues, net of interest expense $ 21,546 $ 20,505 Net (loss) income $ (693 ) $ 5,254 Diluted (loss) earnings per share $ (0.06 ) $ 0.43 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income (Loss) (Notes) | 3 Months Ended |
Mar. 31, 2017 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Comprehensive Income (Loss) Note [Text Block] | NOTE 17. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following is changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ending March 31, 2017 and 2016 . March 31, 2017 Dollars in thousands Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ (2,906 ) $ (356 ) $ (3,262 ) Other comprehensive income before reclassification 497 153 650 Amounts reclassified from accumulated other comprehensive income — 37 37 Net current period other comprehensive income 497 190 687 Ending balance $ (2,409 ) $ (166 ) $ (2,575 ) March 31, 2016 Dollars in thousands Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ (3,195 ) $ 2,739 $ (456 ) Other comprehensive income (loss) before reclassification (1,462 ) 905 (557 ) Amounts reclassified from accumulated other comprehensive income — (248 ) (248 ) Net current period other comprehensive income (loss) (1,462 ) 657 (805 ) Ending balance $ (4,657 ) $ 3,396 $ (1,261 ) |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis. Balance at Fair Value Measurements Using: Dollars in thousands March 31, 2017 Level 1 Level 2 Level 3 Available for sale securities U.S. Government sponsored agencies $ 14,564 $ — $ 14,564 $ — Mortgage backed securities: Government sponsored agencies 132,975 — 132,975 — Nongovernment sponsored entities 3,998 — 3,998 — State and political subdivisions 5,020 — 5,020 — Corporate debt securities 18,309 — 18,309 — Other equity securities 137 — 137 — Tax-exempt state and political subdivisions 107,025 — 107,025 — Total available for sale securities $ 282,028 $ — $ 282,028 $ — Derivative financial assets Interest rate swaps $ 257 $ — $ 257 $ — Derivative financial liabilities Interest rate swaps $ 3,823 $ — $ 3,823 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2016 Level 1 Level 2 Level 3 Available for sale securities U.S. Government sponsored agencies $ 15,174 $ — $ 15,174 $ — Mortgage backed securities: Government sponsored agencies 138,846 — 138,846 — Nongovernment sponsored entities 4,653 — 4,653 — Corporate debt securities 18,170 — 18,170 — Other equity securities 137 — 137 — Tax-exempt state and political subdivisions 89,562 — 89,562 — Total available for sale securities $ 266,542 $ — $ 266,542 $ — Derivative financial assets Interest rate swaps $ 200 $ — $ 200 $ — Derivative financial liabilities Interest rate swaps $ 4,611 $ — $ 4,611 $ — |
Fair Value Measurements, Nonrecurring | Assets measured at fair value on a nonrecurring basis are included in the table below. Balance at Fair Value Measurements Using: Dollars in thousands March 31, 2017 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 172 $ — $ 172 $ — Collateral-dependent impaired loans Construction and development $ 945 $ — $ 945 $ — Residential real estate 296 — 130 166 Total collateral-dependent impaired loans $ 1,241 $ — $ 1,075 $ 166 Property held for sale Commercial real estate $ 976 $ — $ 976 $ — Construction and development 18,407 — 18,407 — Residential real estate 518 — 518 — Total property held for sale $ 19,901 $ — $ 19,901 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2016 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 176 $ — $ 176 $ — Collateral-dependent impaired loans Construction and development $ 945 $ — $ 945 $ — Residential real estate 130 — 130 — Total collateral-dependent impaired loans $ 1,075 $ — $ 1,075 $ — Property held for sale Commercial real estate $ 976 $ — $ 976 $ — Construction and development 19,327 — 19,327 — Residential real estate 279 — 279 — Total property held for sale $ 20,582 $ — $ 20,582 $ — |
Fair Value, by Balance Sheet Grouping | The carrying values and estimated fair values of our financial instruments are summarized below: March 31, 2017 Fair Value Measurements Using: Dollars in thousands Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 58,221 $ 58,221 $ — $ 58,221 $ — Securities available for sale 282,028 282,028 — 282,028 — Other investments 13,328 13,328 — 13,328 — Loans held for sale, net 172 172 — 172 — Loans, net 1,292,915 1,301,676 — 1,075 1,300,601 Accrued interest receivable 6,024 6,024 — 6,024 — Derivative financial assets 257 257 — 257 — $ 1,652,945 $ 1,661,706 $ — $ 361,105 $ 1,300,601 Financial liabilities Deposits $ 1,301,241 $ 1,315,973 $ — $ 1,315,973 $ — Short-term borrowings 228,868 228,868 — 228,868 — Long-term borrowings 46,215 48,128 — 48,128 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 733 733 — 733 — Derivative financial liabilities 3,823 3,823 — 3,823 — $ 1,600,469 $ 1,617,114 $ — $ 1,617,114 $ — December 31, 2016 Fair Value Measurements Using: Dollars in thousands Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 46,616 $ 46,616 $ — $ 46,616 $ — Securities available for sale 266,542 266,542 — 266,542 — Other investments 12,942 12,942 — 12,942 — Loans held for sale, net 176 176 — 176 — Loans, net 1,307,862 1,321,235 — 1,075 1,320,160 Accrued interest receivable 6,167 6,167 — 6,167 — Derivative financial assets 200 200 — 200 — $ 1,640,505 $ 1,653,878 $ — $ 333,718 $ 1,320,160 Financial liabilities Deposits $ 1,295,519 $ 1,309,820 $ — $ 1,309,820 $ — Short-term borrowings 224,461 224,461 — 224,461 — Long-term borrowings 46,670 49,013 — 49,013 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 736 736 — 736 — Derivative financial liabilities 4,611 4,611 — 4,611 — $ 1,591,586 $ 1,608,230 $ — $ 1,608,230 $ — |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted | The computations of basic and diluted (loss)/earnings per share follow: For the Three Months Ended March 31, 2017 2016 Dollars in thousands, except per share amounts Income (Numerator) Common Shares (Denominator) Per Share Income (Numerator) Common Shares (Denominator) Per Share Net income (loss) $ (1,616 ) $ 4,062 Basic (loss)/earnings per share $ (1,616 ) 10,738,365 $ (0.15 ) $ 4,062 10,671,856 $ 0.38 Effect of dilutive securities: Stock options — 7,445 Stock appreciation rights (SARs) — — Diluted (loss)/earnings per share $ (1,616 ) 10,738,365 $ (0.15 ) $ 4,062 10,679,301 $ 0.38 |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Available-for-sale Securities [Abstract] | |
Available-for-sale Securities | The amortized cost, unrealized gains, unrealized losses and estimated fair values of securities at March 31, 2017 , December 31, 2016 , and March 31, 2016 are summarized as follows: March 31, 2017 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 14,001 $ 618 $ 55 $ 14,564 Residential mortgage-backed securities: Government-sponsored agencies 132,920 1,332 1,277 132,975 Nongovernment-sponsored entities 3,972 42 16 3,998 State and political subdivisions General obligations 785 — 6 779 Other revenues 4,217 31 7 4,241 Corporate debt securities 18,363 39 93 18,309 Total taxable debt securities 174,258 2,062 1,454 174,866 Tax-exempt debt securities State and political subdivisions General obligations 57,545 689 1,174 57,060 Water and sewer revenues 12,074 101 88 12,087 Lease revenues 9,011 20 167 8,864 Electric revenues 3,236 15 74 3,177 Transit revenues 3,404 29 41 3,392 Other revenues 22,624 154 333 22,445 Total tax-exempt debt securities 107,894 1,008 1,877 107,025 Equity securities 137 — — 137 Total available for sale securities $ 282,289 $ 3,070 $ 3,331 $ 282,028 December 31, 2016 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 14,580 $ 642 $ 48 $ 15,174 Residential mortgage-backed securities: Government-sponsored agencies 138,451 1,554 1,159 138,846 Nongovernment-sponsored entities 4,631 44 22 4,653 Corporate debt securities 18,295 23 148 18,170 Total taxable debt securities 175,957 2,263 1,377 176,843 Tax-exempt debt securities State and political subdivisions General obligations 49,449 569 1,388 48,630 Water and sewer revenues 9,087 63 149 9,001 Lease revenues 9,037 7 201 8,843 Electric revenues 3,247 10 48 3,209 Sales tax revenues 2,870 — 34 2,836 Other revenues 17,321 93 371 17,043 Total tax-exempt debt securities 91,011 742 2,191 89,562 Equity securities 137 — — 137 Total available for sale securities $ 267,105 $ 3,005 $ 3,568 $ 266,542 March 31, 2016 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Available for Sale Taxable debt securities: U.S. Government and agencies and corporations $ 19,757 $ 1,231 $ 49 $ 20,939 Residential mortgage-backed securities: Government-sponsored agencies 151,895 2,594 596 153,893 Nongovernment-sponsored agencies 7,162 58 56 7,164 State and political subdivisions: Water and sewer revenues 250 — — 250 Corporate debt securities 14,539 38 662 13,915 Total taxable debt securities 193,603 3,921 1,363 196,161 Tax-exempt debt securities: State and political subdivisions: General obligations 40,103 1,926 45 41,984 Water and sewer revenues 7,547 216 — 7,763 Lease revenues 6,284 223 — 6,507 Special tax revenues 3,022 64 — 3,086 Sales tax revenues 2,899 72 — 2,971 Other revenues 12,588 381 3 12,966 Total tax-exempt debt securities 72,443 2,882 48 75,277 Equity securities 77 — — 77 Total available for sale securities $ 266,123 $ 6,803 $ 1,411 $ 271,515 |
Summary of Volume of State and Political Subdivision Securities Held in Portfolio | We own no such securities of any single issuer which we deem to be a concentration. March 31, 2017 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Michigan $ 15,807 $ 33 $ 492 $ 15,348 Texas 11,981 73 169 11,885 California 11,741 111 251 11,601 Illinois 10,073 231 97 10,207 West Virginia 8,352 27 52 8,327 |
Investments Classified by Contractual Maturity Date | The maturities, amortized cost and estimated fair values of securities at March 31, 2017 , are summarized as follows: Dollars in thousands Amortized Cost Estimated Fair Value Due in one year or less $ 50,098 $ 50,397 Due from one to five years 89,853 90,143 Due from five to ten years 23,326 23,263 Due after ten years 118,875 118,088 Equity securities 137 137 $ 282,289 $ 282,028 |
Schedule of Realized Gain (Loss) | The proceeds from sales, calls and maturities of available for sale securities, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized, for the three months ended March 31, 2017 and 2016 are as follows: Proceeds from Gross realized Dollars in thousands Sales Calls and Maturities Principal Payments Gains Losses For the Three Months Ended 2017 Securities available for sale $ 3,154 $ 600 $ 7,686 $ 61 $ 119 2016 Securities available for sale $ 33,787 $ 55 $ 8,170 $ 562 $ 169 |
Schedule of Unrealized Loss on Investments | Provided below is a summary of securities available for sale which were in an unrealized loss position at March 31, 2017 and December 31, 2016 . March 31, 2017 Less than 12 months 12 months or more Total Dollars in thousands Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Temporarily impaired securities Taxable debt securities U.S. Government agencies and corporations $ — $ — $ 3,091 $ (55 ) $ 3,091 $ (55 ) Residential mortgage-backed securities: Government-sponsored agencies 59,339 (1,073 ) 9,015 (204 ) 68,354 (1,277 ) Nongovernment-sponsored entities — — 1,636 (16 ) 1,636 (16 ) State and political subdivisions: General obligations 779 (6 ) — — 779 (6 ) Other revenues 2,196 (7 ) — — 2,196 (7 ) Corporate debt securities 955 (45 ) 1,563 (48 ) 2,518 (93 ) Tax-exempt debt securities State and political subdivisions: General obligations 33,618 (1,174 ) — — 33,618 (1,174 ) Water and sewer revenues 5,376 (88 ) — — 5,376 (88 ) Lease revenues 4,390 (167 ) — — 4,390 (167 ) Electric revenues 1,939 (74 ) — — 1,939 (74 ) Transit revenues 1,118 (41 ) — — 1,118 (41 ) Other revenues 11,394 (333 ) — — 11,394 (333 ) Total temporarily impaired securities 121,104 (3,008 ) 15,305 (323 ) 136,409 (3,331 ) Total $ 121,104 $ (3,008 ) $ 15,305 $ (323 ) $ 136,409 $ (3,331 ) December 31, 2016 Less than 12 months 12 months or more Total Dollars in thousands Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Temporarily impaired securities Taxable debt securities U.S. Government agencies and corporations $ 763 $ (5 ) $ 2,575 $ (43 ) $ 3,338 $ (48 ) Residential mortgage-backed securities: Government-sponsored agencies 55,388 (985 ) 8,389 (174 ) 63,777 (1,159 ) Nongovernment-sponsored entities 97 — 3,013 (22 ) 3,110 (22 ) Corporate debt securities 968 (31 ) 3,136 (117 ) 4,104 (148 ) Tax-exempt debt securities State and political subdivisions: General obligations 33,115 (1,388 ) — — 33,115 (1,388 ) Water and sewer revenues 4,761 (149 ) — — 4,761 (149 ) Lease revenues 7,011 (201 ) — — 7,011 (201 ) Electric revenues 1,973 (48 ) — — 1,973 (48 ) Sales tax revenues 2,836 (34 ) — — 2,836 (34 ) Other revenues 8,445 (371 ) — — 8,445 (371 ) Total temporarily impaired securities 115,357 (3,212 ) 17,113 (356 ) 132,470 (3,568 ) Total $ 115,357 $ (3,212 ) $ 17,113 $ (356 ) $ 132,470 $ (3,568 ) |
Loans (Tables)
Loans (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Loans and Leases Receivable Disclosure [Abstract] | |
Summary of Loans, Net of Unearned Fees | Loans are summarized as follows: Dollars in thousands March 31, December 31, March 31, Commercial $ 134,808 $ 119,088 $ 101,742 Commercial real estate Owner-occupied 217,733 203,047 202,680 Non-owner occupied 401,795 381,921 353,351 Construction and development Land and land development 68,079 72,042 66,483 Construction 16,511 16,584 7,997 Residential real estate Non-jumbo 266,140 265,641 221,368 Jumbo 60,780 65,628 50,057 Home equity 75,299 74,596 74,097 Mortgage warehouse lines 30,217 85,966 — Consumer 24,440 25,534 19,095 Other 8,831 9,489 11,235 Total loans, net of unearned fees 1,304,633 1,319,536 1,108,105 Less allowance for loan losses 11,718 11,674 11,315 Loans, net $ 1,292,915 $ 1,307,862 $ 1,096,790 |
Schedule of Acquired Loans | The outstanding balance and the recorded investment of acquired loans included in the consolidated balance sheet at March 31, 2017 are as follows: Acquired Loans Dollars in thousands Purchased Credit Impaired Purchased Performing Total Outstanding balance $ 2,456 $ 49,173 $ 51,629 Recorded investment Commercial $ — $ 3,095 $ 3,095 Commercial real estate Owner-occupied — 3,054 3,054 Non-owner occupied — 1,118 1,118 Construction and development Land and land development — 3,608 3,608 Residential real estate Non-jumbo 998 31,037 32,035 Jumbo 1,014 3,247 4,261 Consumer — 3,708 3,708 Total recorded investment $ 2,012 $ 48,867 $ 50,879 |
Summary of Change in Accretable Yield PCI Loans | The following table presents a summary of the change in the accretable yield of the PCI loan portfolio for the period from January 1, 2017 to March 31, 2017: Dollars in thousands Accretable yield, January 1, 2017 $ 290 Accretion (31 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — Other changes, net (14 ) Accretable yield, March 31, 2017 $ 245 |
Schedule of Contractual Aging of Recorded Investment In Past Due Loans By Class | The following table presents the contractual aging of the recorded investment in past due loans by class as of March 31, 2017 and 2016 and December 31, 2016 . At March 31, 2017 Past Due > 90 days and Accruing Dollars in thousands 30-59 days 60-89 days > 90 days Total Current Commercial $ 5 $ 157 $ 55 $ 217 $ 134,591 $ — Commercial real estate Owner-occupied 162 2,298 577 3,037 214,696 — Non-owner occupied 298 — — 298 401,497 — Construction and development Land and land development 252 38 3,741 4,031 64,048 — Construction — — — — 16,511 — Residential mortgage Non-jumbo 2,554 926 3,140 6,620 259,520 — Jumbo — — — — 60,780 — Home equity 108 — 379 487 74,812 — Mortgage warehouse lines — — — — 30,217 — Consumer 158 14 161 333 24,107 68 Other — — — — 8,831 — Total $ 3,537 $ 3,433 $ 8,053 $ 15,023 $ 1,289,610 $ 68 At December 31, 2016 Past Due > 90 days and Accruing Dollars in thousands 30-59 days 60-89 days > 90 days Total Current Commercial $ 90 $ 86 $ 165 $ 341 $ 118,747 $ — Commercial real estate Owner-occupied 93 — 509 602 202,445 — Non-owner occupied 340 — 65 405 381,516 — Construction and development Land and land development 423 129 3,852 4,404 67,638 — Construction — — — — 16,584 — Residential mortgage Non-jumbo 4,297 1,889 3,287 9,473 256,168 — Jumbo — — — — 65,628 — Home equity — 302 57 359 74,237 — Mortgage warehouse lines — — — — 85,966 — Consumer 308 84 150 542 24,992 — Other — — — — 9,489 — Total $ 5,551 $ 2,490 $ 8,085 $ 16,126 $ 1,303,410 $ — At March 31, 2016 Past Due > 90 days and Accruing Dollars in thousands 30-59 days 60-89 days > 90 days Total Current Commercial $ 39 $ 468 $ 179 $ 686 $ 101,056 $ — Commercial real estate Owner-occupied 272 497 822 1,591 201,089 — Non-owner occupied 153 — 749 902 352,449 — Construction and development Land and land development 178 41 4,739 4,958 61,525 — Construction — — — — 7,997 — Residential mortgage Non-jumbo 2,555 832 1,906 5,293 216,075 — Jumbo — — — — 50,057 — Home equity — 453 71 524 73,573 — Consumer 70 21 117 208 18,887 — Other — — — — 11,235 — Total $ 3,267 $ 2,312 $ 8,583 $ 14,162 $ 1,093,943 $ — |
Schedule of Financing Receivables, Non Accrual Status | The following table presents the nonaccrual loans included in the net balance of loans at March 31, 2017 , December 31, 2016 and March 31, 2016 . March 31, December 31, Dollars in thousands 2017 2016 2016 Commercial $ 226 $ 430 $ 298 Commercial real estate Owner-occupied 577 822 509 Non-owner occupied 4,157 5,318 4,336 Construction and development Land & land development 3,936 5,467 4,465 Construction — — — Residential mortgage Non-jumbo 5,343 3,023 4,621 Jumbo — — — Home equity 542 225 194 Mortgage warehouse lines — — — Consumer 94 121 151 Total $ 14,875 $ 15,406 $ 14,574 |
Impaired Financing Receivables | The following tables present loans individually evaluated for impairment at March 31, 2017 , December 31, 2016 and March 31, 2016 . March 31, 2017 Dollars in thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Impaired Balance Interest Income Recognized while impaired Without a related allowance Commercial $ 275 $ 275 $ — $ 275 $ 9 Commercial real estate Owner-occupied 806 806 — 806 44 Non-owner occupied 9,678 9,679 — 9,679 271 Construction and development Land & land development 4,884 4,885 — 4,885 81 Construction — — — — — Residential real estate Non-jumbo 4,173 4,183 — 4,049 157 Jumbo 3,626 3,625 — 3,625 172 Home equity 524 523 — 523 24 Mortgage warehouse lines — — — — — Consumer 39 39 — 39 4 Total without a related allowance $ 24,005 $ 24,015 $ — $ 23,881 $ 762 With a related allowance Commercial $ — $ — $ — $ — $ — Commercial real estate Owner-occupied 6,847 6,847 375 6,847 268 Non-owner occupied 1,300 1,300 200 1,300 42 Construction and development Land & land development 2,065 2,066 589 2,066 79 Construction — — — — — Residential real estate Non-jumbo 2,298 2,300 337 2,041 96 Jumbo 852 852 25 852 43 Home equity — — — — — Mortgage warehouse lines — — — — — Consumer — — — — — Total with a related allowance $ 13,362 $ 13,365 $ 1,526 $ 13,106 $ 528 Total Commercial $ 25,855 $ 25,858 $ 1,164 $ 25,858 $ 794 Residential real estate 11,473 11,483 362 11,090 492 Consumer 39 39 — 39 4 Total $ 37,367 $ 37,380 $ 1,526 $ 36,987 $ 1,290 December 31, 2016 Dollars in thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Impaired Balance Interest Income Recognized while impaired Without a related allowance Commercial $ 285 $ 285 $ — $ 247 $ 10 Commercial real estate Owner-occupied 520 520 — 534 31 Non-owner occupied 10,203 10,205 — 10,675 294 Construction and development Land & land development 5,227 5,227 — 5,270 80 Construction — — — — — Residential real estate Non-jumbo 4,055 4,065 — 3,910 193 Jumbo 3,640 3,639 — 3,693 175 Home equity 524 523 — 523 22 Mortgage warehouse lines — — — — — Consumer 44 44 — 50 5 Total without a related allowance $ 24,498 $ 24,508 $ — $ 24,902 $ 810 With a related allowance Commercial $ — $ — $ — $ — $ — Commercial real estate Owner-occupied 6,864 6,864 347 6,879 269 Non-owner occupied 1,311 1,311 197 1,327 43 Construction and development Land & land development 2,066 2,066 585 2,074 80 Construction — — — — — Residential real estate Non-jumbo 2,055 2,057 251 1,851 78 Jumbo 853 853 24 862 44 Home equity — — — — — Mortgage warehouse lines — — — — — Consumer — — — — — Total with a related allowance $ 13,149 $ 13,151 $ 1,404 $ 12,993 $ 514 Total Commercial $ 26,476 $ 26,478 $ 1,129 $ 27,006 $ 807 Residential real estate 11,127 11,137 275 10,839 512 Consumer 44 44 — 50 5 Total $ 37,647 $ 37,659 $ 1,404 $ 37,895 $ 1,324 March 31, 2016 Dollars in thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Impaired Balance Interest Income Recognized while impaired Without a related allowance Commercial $ 200 $ 200 $ — $ 200 $ 9 Commercial real estate Owner-occupied 5,446 5,446 — 5,446 211 Non-owner occupied 11,352 11,353 — 11,353 299 Construction and development Land & land development 7,451 7,452 — 7,452 163 Construction — — — — — Residential real estate Non-jumbo 4,060 4,071 — 3,824 169 Jumbo 3,740 3,739 — 3,739 178 Home equity 710 709 — 709 32 Consumer 62 62 — 62 5 Total without a related allowance $ 33,021 $ 33,032 $ — $ 32,785 $ 1,066 With a related allowance Commercial $ — $ — $ — $ — $ — Commercial real estate Owner-occupied 2,929 2,929 89 2,929 112 Non-owner occupied 1,841 1,841 151 1,841 71 Construction and development Land & land development 1,152 1,152 139 1,152 — Construction — — — — — Residential real estate Non-jumbo 2,337 2,337 187 2,337 112 Jumbo 867 868 31 868 43 Home equity — — — — — Consumer — — — — — Total with a related allowance $ 9,126 $ 9,127 $ 597 $ 9,127 $ 338 Total Commercial $ 30,371 $ 30,373 $ 379 $ 30,373 $ 865 Residential real estate 11,714 11,724 218 11,477 534 Consumer 62 62 — 62 5 Total $ 42,147 $ 42,159 $ 597 $ 41,912 $ 1,404 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | The following table presents by class the TDRs that were restructured during the three months ended March 31, 2017 and March 31, 2016 . Generally, the modifications were extensions of term, modifying the payment terms from principal and interest to interest only for an extended period, or reduction in interest rate. All TDRs are evaluated individually for allowance for loan loss purposes. For the Three Months Ended For the Three Months Ended Dollars in thousands Number of Modifications Pre-modification Recorded Investment Post-modification Recorded Investment Number of Modifications Pre-modification Recorded Investment Post-modification Recorded Investment Commercial — $ — $ — — $ — $ — Commercial real estate Owner-occupied — — — — — — Non-owner occupied — — — — — — Construction and development Land & land development — — — — — — Construction — — — — — — Residential real estate Non-jumbo 4 880 880 1 250 250 Jumbo — — — — — — Home equity — — — — — — Mortgage warehouse lines — — — — — — Consumer — — — — — — Total 4 $ 880 $ 880 1 $ 250 $ 250 |
Schedule of Defaults During Stated Period of Trouble Debt Restructurings | For purposes of these tables, a default is considered as either the loan was past due 30 days or more at any time during the period, or the loan was fully or partially charged off during the period. For the Three Months Ended Dollars in thousands Number of Defaults Recorded Investment at Default Date Commercial — $ — Commercial real estate Owner-occupied — — Non-owner occupied — — Construction and development Land & land development — — Construction — — Residential real estate Non-jumbo 1 319 Jumbo — — Home equity — — Mortgage warehouse lines — — Consumer — — Total 1 $ 319 |
Schedule of the Activity Regarding TDRs by Loan Type | The following table details the activity regarding TDRs by loan type for the three months and three months ended March 31, 2017 , and the related allowance on TDRs. For the Three Months Ended March 31, 2017 Construction & Land Development Commercial Real Estate Residential Real Estate Dollars in thousands Land & Land Develop- ment Construc- tion Commer- cial Owner Occupied Non- Owner Occupied Non- jumbo Jumbo Home Equity Mortgage Warehouse Lines Con- sumer Other Total Troubled debt restructurings Balance January 1, 2017 $ 3,866 $ — $ 183 $ 7,383 $ 6,714 $ 5,417 $ 4,493 $ 523 $ — $ 44 $ — $ 28,623 Additions — — — — — 880 — — — — — 880 Charge-offs — — — — (65 ) — — — — — — (65 ) Net (paydowns) advances (352 ) — (5 ) (28 ) (58 ) (83 ) (15 ) — — (4 ) — (545 ) Transfer into foreclosed properties — — — — — — — — — — — — Refinance out of TDR status — — — — — — — — — — — — Balance, March 31, 2017 $ 3,514 $ — $ 178 $ 7,355 $ 6,591 $ 6,214 $ 4,478 $ 523 $ — $ 40 $ — $ 28,893 Allowance related to troubled debt restructurings $ 526 $ — $ — $ 375 $ 200 $ 337 $ 25 $ — $ — $ — $ — $ 1,463 |
Financing Receivable Credit Quality Indicators | The following table presents the recorded investment in construction and development, commercial, and commercial real estate loans which are generally evaluated based upon our internal risk ratings. Loan Risk Profile by Internal Risk Rating Construction and Development Commercial Real Estate Land and Land Development Construction Commercial Owner Occupied Non-Owner Occupied Mortgage Warehouse Lines Dollars in thousands 3/31/2017 12/31/2016 3/31/2017 12/31/2016 3/31/2017 12/31/2016 3/31/2017 12/31/2016 3/31/2017 12/31/2016 3/31/2017 12/31/2016 Pass $ 60,870 $ 64,144 $ 16,511 $ 16,584 $ 133,106 $ 117,214 $ 212,724 $ 201,113 $ 396,073 $ 375,181 $ 30,217 $ 85,966 OLEM (Special Mention) 2,002 2,097 — — 1,341 1,471 3,152 567 1,199 1,381 — — Substandard 5,207 5,801 — — 361 403 1,857 1,367 4,523 5,359 — — Doubtful — — — — — — — — — — — — Loss — — — — — — — — — — — — Total $ 68,079 $ 72,042 $ 16,511 $ 16,584 $ 134,808 $ 119,088 $ 217,733 $ 203,047 $ 401,795 $ 381,921 $ 30,217 $ 85,966 |
Schedule of Recorded Investment Evaluated Based on Aging Status of Loans and Payment Activity | The following table presents the recorded investment in consumer, residential real estate, and home equity loans, which are generally evaluated based on the aging status of the loans, which was previously presented, and payment activity. Performing Nonperforming Dollars in thousands 3/31/2017 12/31/2016 3/31/2016 3/31/2017 12/31/2016 3/31/2016 Residential real estate Non-jumbo $ 260,690 $ 261,020 $ 218,345 $ 5,450 $ 4,621 $ 3,023 Jumbo 60,780 65,628 50,057 — — — Home Equity 74,757 74,402 73,872 542 194 225 Consumer 24,262 25,368 18,960 178 166 135 Other 8,831 9,489 11,235 — — — Total $ 429,320 $ 435,907 $ 372,469 $ 6,170 $ 4,981 $ 3,383 |
Allowance For Loan Losses (Tabl
Allowance For Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Allowance for Loan and Lease Losses Write-offs, Net [Abstract] | |
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent | An analysis of the allowance for loan losses for the three month periods ended March 31, 2017 and 2016 , and for the year ended December 31, 2016 is as follows: Three Months Ended Year Ended Dollars in thousands 2017 2016 2016 Balance, beginning of year $ 11,674 $ 11,472 $ 11,472 Charge-offs: Commercial 2 260 489 Commercial real estate Owner occupied 3 — 179 Non-owner occupied 65 101 124 Construction and development Land and land development 3 — 127 Construction — — 9 Residential real estate Non-jumbo 160 120 169 Jumbo 1 — — Home equity — 11 175 Mortgage warehouse lines — — — Consumer 30 15 98 Other 50 53 185 Total 314 560 1,555 Recoveries: Commercial 3 59 73 Commercial real estate Owner occupied 8 8 31 Non-owner occupied 2 3 17 Construction and development Land and land development 15 5 840 Construction — — — Real estate - mortgage Non-jumbo 22 36 136 Jumbo — — 6 Home equity — 1 3 Mortgage warehouse lines — — — Consumer 18 15 76 Other 40 26 75 Total 108 153 1,257 Net charge-offs 206 407 298 Provision for loan losses 250 250 500 Balance, end of period $ 11,718 $ 11,315 $ 11,674 |
Allowance for Credit Losses on Financing Receivables | Activity in the allowance for loan losses by loan class during the first three months of 2017 is as follows: Allowance for loan losses Allowance related to: Loans Beginning Balance Charge- offs Recoveries Provision Ending Balance Loans individua- lly evaluated for impairm- ent Loans collective- ly evaluated for impairm- ent Loans acquired with deteriora- ted credit quality Total Loans individua- lly evaluated for impairm- ent Loans collectively evaluated for impairment Loans Total Commercial $ 934 $ (2 ) $ 3 $ (117 ) $ 818 $ — $ 818 $ — $ 818 $ 275 $ 134,533 $ — $ 134,808 Commercial real estate Owner occupied 2,109 (3 ) 8 565 2,679 375 2,304 — 2,679 7,653 210,080 — 217,733 Non-owner occupied 3,438 (65 ) 2 1,026 4,401 200 4,201 — 4,401 10,978 390,817 — 401,795 Construction and development Land and land development 2,263 (3 ) 15 (1,567 ) 708 589 119 — 708 6,949 61,130 — 68,079 Construction 24 — — (4 ) 20 — 20 — 20 — 16,511 — 16,511 Residential real estate Non-jumbo 2,174 (160 ) 22 207 2,243 337 1,906 — 2,243 6,471 258,671 — 265,142 Jumbo 95 (1 ) — 76 170 25 145 — 170 4,478 55,288 — 59,766 Home equity 413 — — 78 491 — 491 — 491 524 74,775 — 75,299 Mortgage warehouse lines — — — — — — — — — — 30,217 — 30,217 Consumer 121 (30 ) 18 (29 ) 80 — 80 — 80 39 24,401 — 24,440 Other 103 (50 ) 40 15 108 — 108 — 108 — 8,831 — 8,831 PCI — — — — — — — — — — — 2,012 2,012 Total $ 11,674 $ (314 ) $ 108 $ 250 $ 11,718 $ 1,526 $ 10,192 $ — $ 11,718 $ 37,367 $ 1,265,254 $ 2,012 $ 1,304,633 |
Goodwill And Other Intangible32
Goodwill And Other Intangible Assets (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Goodwill | The following tables present our goodwill by reporting unit at March 31, 2017 and other intangible assets by reporting unit at March 31, 2017 and December 31, 2016 . Goodwill Activity Dollars in thousands Community Banking Insurance Services Total Balance, January 1, 2017 $ 6,280 $ 4,710 $ 10,990 Reclassifications to goodwill 30 — 30 Balance, March 31, 2017 $ 6,310 $ 4,710 $ 11,020 |
Summary of Other Intangible Assets | Other Intangible Assets March 31, 2017 December 31, 2016 Dollars in thousands Community Banking Insurance Services Total Community Banking Insurances Services Total Identifiable intangible assets Gross carrying amount $ 1,612 $ 3,000 $ 4,612 $ 1,610 $ 3,000 $ 4,610 Less: accumulated amortization 95 1,950 2,045 47 1,900 1,947 Net carrying amount $ 1,517 $ 1,050 $ 2,567 $ 1,563 $ 1,100 $ 2,663 |
Finite-lived Intangible Assets Amortization Expense | Amortization relative to our identifiable intangible assets is expected to approximate the following: Core Deposit Customer Dollars in thousands Intangible Intangible 2017 $ 186 $ 200 2018 175 200 2019 163 200 2020 151 200 2021 139 200 |
Deposits (Tables)
Deposits (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Deposits [Abstract] | |
Summary of Interest Bearing Deposits By Type | The following is a summary of interest bearing deposits by type as of March 31, 2017 and 2016 and December 31, 2016 : Dollars in thousands March 31, December 31, March 31, Demand deposits, interest bearing $ 275,678 $ 262,591 $ 210,878 Savings deposits 342,548 337,348 286,695 Time deposits 530,929 545,843 474,593 Total $ 1,149,155 $ 1,145,782 $ 972,166 |
Summary of Scheduled Maturities For All Time Deposits | A summary of the scheduled maturities for all time deposits as of March 31, 2017 is as follows: Dollars in thousands Nine month period ending December 31, 2017 $ 211,129 Year ending December 31, 2018 129,067 Year ending December 31, 2019 73,182 Year ending December 31, 2020 47,752 Year ending December 31, 2021 37,456 Thereafter 32,343 Total $ 530,929 |
Summary of Maturity Distribution of All Certificates of Deposit | The following is a summary of the maturity distribution of all certificates of deposit in denominations of $100,000 or more as of March 31, 2017 : Dollars in thousands Amount Percent Three months or less $ 76,654 19.1 % Three through six months 42,176 10.5 % Six through twelve months 90,662 22.6 % Over twelve months 191,595 47.8 % Total $ 401,087 100.00 % |
Borrowed Funds (Tables)
Borrowed Funds (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Debt Disclosure [Abstract] | |
Schedule of Short-term Debt | Short-term borrowings: A summary of short-term borrowings is presented below: Three Months Ended March 31, 2017 2016 Dollars in thousands Short-term FHLB Advances Federal Funds Purchased and Lines of Credit Short-term FHLB Advances Federal Funds Purchased and Lines of Credit Balance at March 31 $ 225,400 $ 3,468 $ 150,000 $ 3,448 Average balance outstanding for the period 193,481 3,465 165,102 3,446 Maximum balance outstanding at any month end during period 225,400 3,468 188,450 3,448 Weighted average interest rate for the period 1.02 % 1.00 % 0.58 % 0.50 % Weighted average interest rate for balances outstanding at March 31 0.84 % 0.78 % 0.57 % 0.50 % |
Schedule of Long-term Debt Instruments | ll FHLB advances are collateralized primarily by similar amounts of residential mortgage loans, certain commercial loans, mortgage backed securities and securities of U. S. Government agencies and corporations. Balance at March 31, Balance at Dollars in thousands 2017 2016 2016 Long-term FHLB advances $ 764 $ 846 $ 767 Long-term repurchase agreements 45,000 72,000 45,000 Term loan 451 2,257 903 Total $ 46,215 $ 75,103 $ 46,670 |
Schedule of Maturities of Long-term Debt | A summary of the maturities of all long-term borrowings and subordinated debentures for the next five years and thereafter is as follows: Dollars in thousands Long-term borrowings Subordinated debentures owed to unconsolidated subsidiary trusts Year Ending December 31, 2017 $ 463 $ — 2018 45,017 — 2019 18 — 2020 19 — 2021 20 — Thereafter 678 19,589 $ 46,215 $ 19,589 |
Share Based Compensation (Table
Share Based Compensation (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The assumptions used to value SARs issued during 2017 were as follows: 5-year vesting SARs 7-year vesting SARs Risk-free interest rate 2.16 % 2.24 % Expected dividend yield 1.45 % 1.45 % Expected common stock volatility 60.05 % 59.60 % Expected life 6.5 years 7 years |
Schedule of Share-based Compensation, Stock Options, Activity | A summary of activity in our Plans during the first three months of 2017 and 2016 is as follows: For the Three Months Ended March 31, 2017 2016 Options/SARs Weighted-Average Exercise Price Options/SARs Weighted-Average Exercise Price Outstanding, January 1 217,857 $ 13.56 244,147 $ 14.05 Granted 87,615 26.01 — — Exercised (2,000 ) 6.21 — — Forfeited — — — — Expired — — — — Outstanding, March 31 303,472 $ 17.20 244,147 $ 14.05 |
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range | Other information regarding awards outstanding and exercisable at March 31, 2017 is as follows: Options/SARs Outstanding Options/SARs Exercisable Range of exercise price # of awards WAEP Wted. Avg. Remaining Contractual Life (yrs) Aggregate Intrinsic Value (in thousands) # of awards WAEP Aggregate Intrinsic Value (in thousands) $2.54 - $6.00 5,000 $ 2.54 6.33 $ 95 5,000 $ 2.54 $ 95 6.01 - 10.00 5,640 8.91 1.79 71 5,640 8.91 71 10.01 - 17.50 166,717 12.01 8.07 1,589 33,343 12.01 318 17.51 - 20.00 15,100 17.81 1.28 57 15,100 17.81 57 20.01 - 25.93 111,015 25.99 8.14 — 23,400 25.93 — 303,472 17.20 $ 1,812 82,483 16.23 $ 541 |
Commitments And Contingencies (
Commitments And Contingencies (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Summary of the Total Unfunded, or Off-Balance Sheet, Credit Extension Commitments | A summary of the total unfunded, or off-balance sheet, credit extension commitments follows: Dollars in thousands March 31, Commitments to extend credit: Revolving home equity and credit card lines $ 64,262 Construction loans 46,643 Other loans 113,035 Standby letters of credit 3,301 Total $ 227,241 |
Regulatory Matters (Tables)
Regulatory Matters (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Banking and Thrift [Abstract] | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations | Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules. Actual Minimum Required Capital - Basel III Fully Phased-in Minimum Required To Be Well Capitalized Dollars in thousands Amount Ratio Amount Ratio Amount Ratio As of March 31, 2017 CET1 (to risk weighted assets) Summit $ 143,684 10.3 % $ 97,649 7.0 % $ 90,674 6.5 % Summit Community 161,572 11.6 % 97,500 7.0 % 90,536 6.5 % Tier I Capital (to risk weighted assets) Summit 160,888 11.5 % 118,917 8.5 % 111,922 8.0 % Summit Community 161,572 11.6 % 118,393 8.5 % 111,429 8.0 % Total Capital (to risk weighted assets) Summit 172,606 12.3 % 147,347 10.5 % 140,330 10.0 % Summit Community 173,290 12.4 % 146,738 10.5 % 139,750 10.0 % Tier I Capital (to average assets) Summit 160,888 9.4 % 68,463 4.0 % 85,579 5.0 % Summit Community 161,572 9.4 % 68,754 4.0 % 85,943 5.0 % Actual Minimum Required Capital - Basel III Fully Phased-in Minimum Required To Be Well Capitalized Dollars in thousands Amount Ratio Amount Ratio Amount Ratio As of December 31, 2016 CET1 (to risk weighted assets) Summit 146,494 10.5 % 97,663 7.0 % 90,687 6.5 % Summit Community 165,747 11.9 % 97,498 7.0 % 90,534 6.5 % Tier I Capital (to risk weighted assets) Summit 164,357 11.8 % 118,393 8.5 % 111,428 8.0 % Summit Community 165,747 11.9 % 118,391 8.5 % 111,427 8.0 % Total Capital (to risk weighted assets) Summit 176,031 12.6 % 122,734 10.5 % 139,707 10.0 % Summit Community 177,421 12.7 % 146,687 10.5 % 139,702 10.0 % Tier I Capital (to average assets) Summit 164,357 9.4 % 69,939 4.0 % 87,424 5.0 % Summit Community 165,747 9.5 % 69,788 4.0 % 87,235 5.0 % |
Segment Information (Tables)
Segment Information (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment | Information for each of our segments is included below: Three Months Ended March 31, 2017 Dollars in thousands Community Banking Insurance & Financial Services Parent Eliminations Total Net interest income $ 13,795 $ — $ (165 ) $ — $ 13,630 Provision for loan losses 250 — — — 250 Net interest income after provision for loan losses 13,545 — (165 ) — 13,380 Other income 1,507 1,072 491 (491 ) 2,579 Other expenses 18,104 981 422 (491 ) 19,016 Income (loss) before income taxes (3,052 ) 91 (96 ) — (3,057 ) Income tax expense (benefit) (1,450 ) 41 (32 ) — (1,441 ) Net income (loss) $ (1,602 ) $ 50 $ (64 ) $ — $ (1,616 ) Inter-segment revenue (expense) $ (451 ) $ (40 ) $ 491 $ — $ — Average assets $ 1,750,059 $ 6,174 $ 180,393 $ (206,991 ) $ 1,729,635 Capital expenditures $ 2,992 $ 3 $ — $ — $ 2,995 Three Months Ended March 31, 2016 Dollars in thousands Community Banking Insurance & Financial Services Parent Eliminations Total Net interest income $ 11,938 $ — $ (159 ) $ — $ 11,779 Provision for loan losses 250 — — — 250 Net interest income after provision for loan losses 11,688 — (159 ) — 11,529 Other income 1,757 1,049 389 (389 ) 2,806 Other expenses 7,274 1,055 614 (389 ) 8,554 Income (loss) before income taxes 6,171 (6 ) (384 ) — 5,781 Income tax expense (benefit) 1,843 (2 ) (122 ) — 1,719 Net income (loss) $ 4,328 $ (4 ) $ (262 ) $ — $ 4,062 Inter-segment revenue (expense) $ (361 ) $ (28 ) $ 389 $ — $ — Average assets $ 1,526,926 $ 5,866 $ 171,028 $ (198,706 ) $ 1,505,114 Capital expenditures $ 221 $ — $ 91 $ — $ 312 |
Derivative Financial Instrume39
Derivative Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Interest Rate Derivatives | A summary of our derivative financial instruments as of March 31, 2017 and December 31, 2016 follows: March 31, 2017 Derivative Fair Value Net Ineffective Dollars in thousands Notional Amount Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 110,000 $ — $ 3,823 $ — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 20,374 $ 257 $ — $ — December 31, 2016 Derivative Fair Value Net Ineffective Dollars in thousands Notional Amount Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 110,000 $ — $ 4,611 $ — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 20,507 $ 200 $ — $ — |
Acquisitions Acquisitions (Tabl
Acquisitions Acquisitions (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Business Combinations [Abstract] | |
Pro Forma Information of the Combined Entities Summit and FCB | We expect to achieve operational cost savings and other efficiencies as a result of the acquisition which are not reflected in the pro forma amounts below. The pro forma revenue, net income and diluted earnings per share for the three months ended March 31, 2016 combines the historical results of HCB and FCB with Summit's consolidated statements of income and while certain adjustments were made for the estimated effect of certain fair value adjustments and other acquisition-related activity, they are not indicative of what would have occurred had the acquisition actually taken place on January 1, 2016. Acquisition related expenses of $112,000 were included in our actual consolidated statement of income for the three months ended March 31, 2016, but were excluded from the pro forma information listed below. We expect to achieve operational cost savings and other efficiencies as a result of the acquisition which are not reflected in the pro forma amounts below. Summit, HCB & FCB Pro Forma For the Three Ended March 31, Dollars in thousands, except per share amounts 2017 2016 Total revenues, net of interest expense $ 21,546 $ 20,505 Net (loss) income $ (693 ) $ 5,254 Diluted (loss) earnings per share $ (0.06 ) $ 0.43 |
Accumulated Other Comprehensi41
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The following is changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ending March 31, 2017 and 2016 . March 31, 2017 Dollars in thousands Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ (2,906 ) $ (356 ) $ (3,262 ) Other comprehensive income before reclassification 497 153 650 Amounts reclassified from accumulated other comprehensive income — 37 37 Net current period other comprehensive income 497 190 687 Ending balance $ (2,409 ) $ (166 ) $ (2,575 ) March 31, 2016 Dollars in thousands Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ (3,195 ) $ 2,739 $ (456 ) Other comprehensive income (loss) before reclassification (1,462 ) 905 (557 ) Amounts reclassified from accumulated other comprehensive income — (248 ) (248 ) Net current period other comprehensive income (loss) (1,462 ) 657 (805 ) Ending balance $ (4,657 ) $ 3,396 $ (1,261 ) |
Fair Value Measurements (Narrat
Fair Value Measurements (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2017 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Threshold Period for Ordering Appraisal on Impaired Loans, Length of Existing Appraisal | 12 months |
Length of Time Generally Receive New Appraisal Post Impairment | 3 months |
Length of Time Generally Receive New Appraisal on Foreclosed Properties | 18 months |
Minimum [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Collateralized Financings, Discount to Sell Collateral | 7.00% |
Maximum [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Collateralized Financings, Discount to Sell Collateral | 10.00% |
Fair Value Measurements (Assets
Fair Value Measurements (Assets And Liabilities Recorded At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | $ 282,028 | $ 266,542 | [1] | $ 271,515 |
U.S. Government sponsored agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 14,564 | 15,174 | 20,939 | |
Government Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 132,975 | 138,846 | 153,893 | |
Nongovernment Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 3,998 | 4,653 | 7,164 | |
Corporate Debt Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 18,309 | 18,170 | 13,915 | |
Equity Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 137 | 137 | $ 77 | |
Interest rate swap [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative Fair Value, Asset | 257 | 200 | ||
Derivative Fair Value, Liability | 3,823 | 4,611 | ||
Fair Value Inputs Level 1 [Member] | Interest rate swap [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative Fair Value, Asset | 0 | 0 | ||
Derivative Fair Value, Liability | 0 | 0 | ||
Fair Value Inputs Level 2 [Member] | Interest rate swap [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative Fair Value, Asset | 257 | 200 | ||
Derivative Fair Value, Liability | 3,823 | 4,611 | ||
Fair Value Inputs Level 3 [Member] | Interest rate swap [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Derivative Fair Value, Asset | 0 | 0 | ||
Derivative Fair Value, Liability | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 282,028 | 266,542 | ||
Fair Value, Measurements, Recurring [Member] | U.S. Government sponsored agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 14,564 | 15,174 | ||
Fair Value, Measurements, Recurring [Member] | Government Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 132,975 | 138,846 | ||
Fair Value, Measurements, Recurring [Member] | Nongovernment Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 3,998 | 4,653 | ||
Fair Value, Measurements, Recurring [Member] | U S States And Political Subdivisions General Obligations [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 5,020 | |||
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 18,309 | 18,170 | ||
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 137 | 137 | ||
Fair Value, Measurements, Recurring [Member] | Tax Exempt Debt Securities Us States And Political Subdivisions [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 107,025 | 89,562 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | U.S. Government sponsored agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Government Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Nongovernment Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | U S States And Political Subdivisions General Obligations [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 0 | |||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Corporate Debt Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Equity Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Tax Exempt Debt Securities Us States And Political Subdivisions [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 282,028 | 266,542 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | U.S. Government sponsored agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 14,564 | 15,174 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Government Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 132,975 | 138,846 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Nongovernment Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 3,998 | 4,653 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | U S States And Political Subdivisions General Obligations [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 5,020 | |||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Corporate Debt Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 18,309 | 18,170 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Equity Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 137 | 137 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Tax Exempt Debt Securities Us States And Political Subdivisions [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 107,025 | 89,562 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | U.S. Government sponsored agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Government Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Nongovernment Sponsored Agencies [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | U S States And Political Subdivisions General Obligations [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 0 | |||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Corporate Debt Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Equity Securities [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | 0 | 0 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Tax Exempt Debt Securities Us States And Political Subdivisions [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Securities available for sale | $ 0 | $ 0 | ||
[1] | December 31, 2016 financial information has been extracted from audited consolidated financial statements |
Fair Value Measurements (Asse44
Fair Value Measurements (Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Residential mortgage loans held for sale | $ 172 | $ 176 |
Collateral-dependent impaired loans | 1,241 | 1,075 |
Foreclosed properties | 19,901 | 20,582 |
Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Foreclosed properties | 976 | 976 |
Construction And Development Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 945 | 945 |
Foreclosed properties | 18,407 | 19,327 |
Residential Real Estate Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 296 | 130 |
Foreclosed properties | 518 | 279 |
Fair Value Inputs Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Residential mortgage loans held for sale | 0 | 0 |
Collateral-dependent impaired loans | 0 | 0 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 1 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 1 [Member] | Construction And Development Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 1 [Member] | Residential Real Estate Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Residential mortgage loans held for sale | 172 | 176 |
Collateral-dependent impaired loans | 1,075 | 1,075 |
Foreclosed properties | 19,901 | 20,582 |
Fair Value Inputs Level 2 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Foreclosed properties | 976 | 976 |
Fair Value Inputs Level 2 [Member] | Construction And Development Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 945 | 945 |
Foreclosed properties | 18,407 | 19,327 |
Fair Value Inputs Level 2 [Member] | Residential Real Estate Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 130 | 130 |
Foreclosed properties | 518 | 279 |
Fair Value Inputs Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Residential mortgage loans held for sale | 0 | 0 |
Collateral-dependent impaired loans | 166 | 0 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 3 [Member] | Construction And Development Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 3 [Member] | Residential Real Estate Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 166 | 0 |
Foreclosed properties | $ 0 | $ 0 |
Fair Value Measurements (Carryi
Fair Value Measurements (Carrying Values And Estimated Fair Values Of Financial Instruments) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale, net | $ 172 | $ 176 |
Carrying Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 58,221 | 46,616 |
AvailableForSaleSecuritiesFairValueDisclosure1 | 282,028 | 266,542 |
Other investments | 13,328 | 12,942 |
Loans held for sale, net | 172 | 176 |
Loans, net | 1,292,915 | 1,307,862 |
Accrued interest receivable | 6,024 | 6,167 |
Derivative Asset | 257 | 200 |
Total assets | 1,652,945 | 1,640,505 |
Deposits | 1,301,241 | 1,295,519 |
Short-term borrowings | 228,868 | 224,461 |
Long-term borrowings | 46,215 | 46,670 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Accrued interest payable | 733 | 736 |
Derivative financial liabilities | 3,823 | 4,611 |
Total liabilities | 1,600,469 | 1,591,586 |
Estimated Fair Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 58,221 | 46,616 |
AvailableForSaleSecuritiesFairValueDisclosure1 | 282,028 | 266,542 |
Other investments | 13,328 | 12,942 |
Loans held for sale, net | 172 | 176 |
Loans, net | 1,301,676 | 1,321,235 |
Accrued interest receivable | 6,024 | 6,167 |
Derivative Asset | 257 | 200 |
Total assets | 1,661,706 | 1,653,878 |
Deposits | 1,315,973 | 1,309,820 |
Short-term borrowings | 228,868 | 224,461 |
Long-term borrowings | 48,128 | 49,013 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Accrued interest payable | 733 | 736 |
Derivative financial liabilities | 3,823 | 4,611 |
Total liabilities | 1,617,114 | 1,608,230 |
Fair Value Inputs Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale, net | 172 | 176 |
Fair Value Inputs Level 2 [Member] | Estimated Fair Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 58,221 | 46,616 |
AvailableForSaleSecuritiesFairValueDisclosure1 | 282,028 | 266,542 |
Other investments | 13,328 | 12,942 |
Loans held for sale, net | 172 | 176 |
Loans, net | 1,075 | 1,075 |
Accrued interest receivable | 6,024 | 6,167 |
Derivative Asset | 257 | 200 |
Total assets | 361,105 | 333,718 |
Deposits | 1,315,973 | 1,309,820 |
Short-term borrowings | 228,868 | 224,461 |
Long-term borrowings | 48,128 | 49,013 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Accrued interest payable | 733 | 736 |
Derivative financial liabilities | 3,823 | 4,611 |
Total liabilities | 1,617,114 | 1,608,230 |
Fair Value Inputs Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale, net | 0 | 0 |
Fair Value Inputs Level 1 [Member] | Estimated Fair Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 0 | 0 |
AvailableForSaleSecuritiesFairValueDisclosure1 | 0 | 0 |
Other investments | 0 | 0 |
Loans held for sale, net | 0 | 0 |
Loans, net | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Derivative Asset | 0 | 0 |
Total assets | 0 | 0 |
Deposits | 0 | 0 |
Short-term borrowings | 0 | 0 |
Long-term borrowings | 0 | 0 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 0 | 0 |
Accrued interest payable | 0 | 0 |
Derivative financial liabilities | 0 | 0 |
Total liabilities | 0 | 0 |
Fair Value Inputs Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale, net | 0 | 0 |
Fair Value Inputs Level 3 [Member] | Estimated Fair Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 0 | 0 |
AvailableForSaleSecuritiesFairValueDisclosure1 | 0 | 0 |
Other investments | 0 | 0 |
Loans held for sale, net | 0 | 0 |
Loans, net | 1,300,601 | 1,320,160 |
Accrued interest receivable | 0 | 0 |
Derivative Asset | 0 | 0 |
Total assets | 1,300,601 | 1,320,160 |
Deposits | 0 | 0 |
Short-term borrowings | 0 | 0 |
Long-term borrowings | 0 | 0 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 0 | 0 |
Accrued interest payable | 0 | 0 |
Derivative financial liabilities | 0 | 0 |
Total liabilities | $ 0 | $ 0 |
Earnings Per Share (Computation
Earnings Per Share (Computations Of Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Earnings Per Share [Line Items] | ||
Anti-dilutive stock options | 49,140 | 57,000 |
Net income (loss) | $ (1,616) | $ 4,062 |
Net income (loss) applicable to common shares | $ (1,616) | $ 4,062 |
Basic EPS, Common Shares (Denominator) (in shares) | 10,738,365 | 10,671,856 |
Basic EPS (in dollars per share) | $ (0.15) | $ 0.38 |
Diluted EPS, Stock options, Common Shares (Denominator) (in shares) | 0 | 7,445 |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 0 | 0 |
Diluted EPS, Income (Numerator) | $ (1,616) | $ 4,062 |
Diluted EPS, Common Shares (Denominator) (in shares) | 10,738,365 | 10,679,301 |
Diluted EPS (in dollars per share) | $ (0.15) | $ 0.38 |
Earnings Per Share (Narrative)
Earnings Per Share (Narrative) (Details) - shares | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Anti-dilutive stock options | 49,140 | 57,000 |
Stock Appreciation Rights (SARs) [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Anti-dilutive stock options | 254,332 | 166,717 |
Securities (Summary Of Amortize
Securities (Summary Of Amortized Cost, Unrealized Gains, Unrealized Losses And Estimated Fair Values) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | |
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | $ 282,289 | $ 267,105 | $ 266,123 | |
Available for sale securities, Unrealized Gains | 3,070 | 3,005 | 6,803 | |
Available for sale securities, Unrealized Losses | 3,331 | 3,568 | 1,411 | |
Available for sale securities, Estimated Fair Value | 282,028 | 266,542 | [1] | 271,515 |
U S Government Corporations And Agencies Securities [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 14,001 | 14,580 | 19,757 | |
Available for sale securities, Unrealized Gains | 618 | 642 | 1,231 | |
Available for sale securities, Unrealized Losses | 55 | 48 | 49 | |
Available for sale securities, Estimated Fair Value | 14,564 | 15,174 | 20,939 | |
Government Sponsored Agencies [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 132,920 | 138,451 | 151,895 | |
Available for sale securities, Unrealized Gains | 1,332 | 1,554 | 2,594 | |
Available for sale securities, Unrealized Losses | 1,277 | 1,159 | 596 | |
Available for sale securities, Estimated Fair Value | 132,975 | 138,846 | 153,893 | |
Nongovernment Sponsored Agencies [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 3,972 | 4,631 | 7,162 | |
Available for sale securities, Unrealized Gains | 42 | 44 | 58 | |
Available for sale securities, Unrealized Losses | 16 | 22 | 56 | |
Available for sale securities, Estimated Fair Value | 3,998 | 4,653 | 7,164 | |
State and Political Subdivisions General Obligations [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 785 | |||
Available for sale securities, Unrealized Gains | 0 | |||
Available for sale securities, Unrealized Losses | 6 | |||
Available for sale securities, Estimated Fair Value | 779 | |||
State and Policital Subdivisions Water and Sewer Revenues [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 250 | |||
Available for sale securities, Unrealized Gains | 0 | |||
Available for sale securities, Unrealized Losses | 0 | |||
Available for sale securities, Estimated Fair Value | 250 | |||
State and Policital Subdivisions Other Revenues [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 4,217 | |||
Available for sale securities, Unrealized Gains | 31 | |||
Available for sale securities, Unrealized Losses | 7 | |||
Available for sale securities, Estimated Fair Value | 4,241 | |||
Corporate Debt Securities [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 18,363 | 18,295 | 14,539 | |
Available for sale securities, Unrealized Gains | 39 | 23 | 38 | |
Available for sale securities, Unrealized Losses | 93 | 148 | 662 | |
Available for sale securities, Estimated Fair Value | 18,309 | 18,170 | 13,915 | |
Taxable Debt Securities [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 174,258 | 175,957 | 193,603 | |
Available for sale securities, Unrealized Gains | 2,062 | 2,263 | 3,921 | |
Available for sale securities, Unrealized Losses | 1,454 | 1,377 | 1,363 | |
Available for sale securities, Estimated Fair Value | 174,866 | 176,843 | 196,161 | |
Tax Exempt State and Political Subdivisions General Obligations [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 57,545 | 49,449 | 40,103 | |
Available for sale securities, Unrealized Gains | 689 | 569 | 1,926 | |
Available for sale securities, Unrealized Losses | 1,174 | 1,388 | 45 | |
Available for sale securities, Estimated Fair Value | 57,060 | 48,630 | 41,984 | |
Tax Exempt State and Political Subdivisions Water and Sewer Revenues [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 12,074 | 9,087 | 7,547 | |
Available for sale securities, Unrealized Gains | 101 | 63 | 216 | |
Available for sale securities, Unrealized Losses | 88 | 149 | 0 | |
Available for sale securities, Estimated Fair Value | 12,087 | 9,001 | 7,763 | |
Tax Exempt State and Political Subdivisions Lease Revenues [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 9,011 | 9,037 | 6,284 | |
Available for sale securities, Unrealized Gains | 20 | 7 | 223 | |
Available for sale securities, Unrealized Losses | 167 | 201 | 0 | |
Available for sale securities, Estimated Fair Value | 8,864 | 8,843 | 6,507 | |
Tax Exempt State and Political Subdivisions Special Tax Revenues [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 3,022 | |||
Available for sale securities, Unrealized Gains | 64 | |||
Available for sale securities, Unrealized Losses | 0 | |||
Available for sale securities, Estimated Fair Value | 3,086 | |||
Tax Exempt State and Political Subdivisions Electric Revenues [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 3,236 | 3,247 | ||
Available for sale securities, Unrealized Gains | 15 | 10 | ||
Available for sale securities, Unrealized Losses | 74 | 48 | ||
Available for sale securities, Estimated Fair Value | 3,177 | 3,209 | ||
Tax Exempt State and Political Subdivisions Sales Tax Revenues [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 2,870 | 2,899 | ||
Available for sale securities, Unrealized Gains | 0 | 72 | ||
Available for sale securities, Unrealized Losses | 34 | 0 | ||
Available for sale securities, Estimated Fair Value | 2,836 | 2,971 | ||
Tax Exempt State and Political Subdivisions Transit Revenues [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 3,404 | |||
Available for sale securities, Unrealized Gains | 29 | |||
Available for sale securities, Unrealized Losses | 41 | |||
Available for sale securities, Estimated Fair Value | 3,392 | |||
Tax Exempt State and Political Subdivisions Other Revenues [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 22,624 | 17,321 | 12,588 | |
Available for sale securities, Unrealized Gains | 154 | 93 | 381 | |
Available for sale securities, Unrealized Losses | 333 | 371 | 3 | |
Available for sale securities, Estimated Fair Value | 22,445 | 17,043 | 12,966 | |
Tax Exempt Debt Securities [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 107,894 | 91,011 | 72,443 | |
Available for sale securities, Unrealized Gains | 1,008 | 742 | 2,882 | |
Available for sale securities, Unrealized Losses | 1,877 | 2,191 | 48 | |
Available for sale securities, Estimated Fair Value | 107,025 | 89,562 | 75,277 | |
Equity Securities [Member] | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 137 | 137 | 77 | |
Available for sale securities, Unrealized Gains | 0 | 0 | 0 | |
Available for sale securities, Unrealized Losses | 0 | 0 | 0 | |
Available for sale securities, Estimated Fair Value | $ 137 | $ 137 | $ 77 | |
[1] | December 31, 2016 financial information has been extracted from audited consolidated financial statements |
Securities (Summary of Volume o
Securities (Summary of Volume of State and Political Subdivision Securities Held in Portfolio) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | |
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | $ 282,289 | $ 267,105 | $ 266,123 | |
Available for sale securities, Unrealized Gains | 3,070 | 3,005 | 6,803 | |
Available for sale securities, Unrealized Losses | 3,331 | 3,568 | 1,411 | |
Available for sale securities, Estimated Fair Value | 282,028 | $ 266,542 | [1] | $ 271,515 |
MICHIGAN | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 15,807 | |||
Available for sale securities, Unrealized Gains | 33 | |||
Available for sale securities, Unrealized Losses | 492 | |||
Available for sale securities, Estimated Fair Value | 15,348 | |||
Illinois | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 10,073 | |||
Available for sale securities, Unrealized Gains | 231 | |||
Available for sale securities, Unrealized Losses | 97 | |||
Available for sale securities, Estimated Fair Value | 10,207 | |||
West Virginia | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 8,352 | |||
Available for sale securities, Unrealized Gains | 27 | |||
Available for sale securities, Unrealized Losses | 52 | |||
Available for sale securities, Estimated Fair Value | 8,327 | |||
Texas | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 11,981 | |||
Available for sale securities, Unrealized Gains | 73 | |||
Available for sale securities, Unrealized Losses | 169 | |||
Available for sale securities, Estimated Fair Value | 11,885 | |||
CALIFORNIA | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Total Amortized Cost | 11,741 | |||
Available for sale securities, Unrealized Gains | 111 | |||
Available for sale securities, Unrealized Losses | 251 | |||
Available for sale securities, Estimated Fair Value | $ 11,601 | |||
[1] | December 31, 2016 financial information has been extracted from audited consolidated financial statements |
Securities (Summary Of Maturiti
Securities (Summary Of Maturities, Amortized Cost And Estimated Fair Values Of Securities) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Available-for-sale Securities [Abstract] | |||
Due in one year or less, Amortized Cost | $ 50,098 | ||
Due from one to five years, Amortized Cost | 89,853 | ||
Due from five to ten years, Amortized Cost | 23,326 | ||
Due after ten years, Amortized Cost | 118,875 | ||
Equity securities, Amortized Cost | 137 | ||
Total Amortized Cost | 282,289 | $ 267,105 | $ 266,123 |
Due in one year or less, Estimated Fair Value | 50,397 | ||
Due from one to five years, Estimated Fair Value | 90,143 | ||
Due from five to ten years, Estimated Fair Value | 23,263 | ||
Due after ten years, Estimated Fair Value | 118,088 | ||
Equity securities, Estimated Fair Value | 137 | ||
Total Estimated Fair Value | $ 282,028 |
Securities (Summary Of Proceeds
Securities (Summary Of Proceeds From Sales, Calls And Maturities, Principal Payments, Gains And Losses Of Securities) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Available-for-sale Securities [Abstract] | ||
Securities available for sale, Proceeds from Sales | $ 3,154 | $ 33,787 |
Securities available for sale, Proceeds from Calls and Maturities | 600 | 55 |
Securities available for sale, Proceeds from Principal Payments | 7,686 | 8,170 |
Securities available for sale, Gross realized Gains | 61 | 562 |
Securities available for sale, Gross realized Losses | $ 119 | $ 169 |
Securities (Narrative) (Details
Securities (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2017securitystate | |
Available-for-sale Securities [Abstract] | |
Number of states with highest volume of state and political subdivision securities | state | 5 |
Securities held with an unrealized loss position | security | 121 |
Securities (Summary Of Securiti
Securities (Summary Of Securities Available For Sale In Unrealized Loss Position) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | $ 121,104 | $ 115,357 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (3,008) | (3,212) |
12 months or more, Estimated Fair Value | 15,305 | 17,113 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (323) | (356) |
Total Estimated Fair Value | 136,409 | 132,470 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (3,331) | (3,568) |
Temporarily Impaired Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 121,104 | 115,357 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (3,008) | (3,212) |
12 months or more, Estimated Fair Value | 15,305 | 17,113 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (323) | (356) |
Total Estimated Fair Value | 136,409 | 132,470 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (3,331) | (3,568) |
Temporarily Impaired Securities [Member] | Tax Exempt State and Political Subdivisions Transit Revenues [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 1,118 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (41) | |
12 months or more, Estimated Fair Value | 0 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | |
Total Estimated Fair Value | 1,118 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (41) | |
Temporarily Impaired Securities [Member] | U S Government Corporations And Agencies Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 0 | 763 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | (5) |
12 months or more, Estimated Fair Value | 3,091 | 2,575 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (55) | (43) |
Total Estimated Fair Value | 3,091 | 3,338 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (55) | (48) |
Temporarily Impaired Securities [Member] | Government Sponsored Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 59,339 | 55,388 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (1,073) | (985) |
12 months or more, Estimated Fair Value | 9,015 | 8,389 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (204) | (174) |
Total Estimated Fair Value | 68,354 | 63,777 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (1,277) | (1,159) |
Temporarily Impaired Securities [Member] | Nongovernment Sponsored Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 0 | 97 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 0 |
12 months or more, Estimated Fair Value | 1,636 | 3,013 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (16) | (22) |
Total Estimated Fair Value | 1,636 | 3,110 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (16) | (22) |
Temporarily Impaired Securities [Member] | State and Political Subdivisions General Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 779 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (6) | |
12 months or more, Estimated Fair Value | 0 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | |
Total Estimated Fair Value | 779 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (6) | |
Temporarily Impaired Securities [Member] | Corporate Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 955 | 968 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (45) | (31) |
12 months or more, Estimated Fair Value | 1,563 | 3,136 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (48) | (117) |
Total Estimated Fair Value | 2,518 | 4,104 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (93) | (148) |
Temporarily Impaired Securities [Member] | Tax Exempt State and Political Subdivisions General Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 33,618 | 33,115 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (1,174) | (1,388) |
12 months or more, Estimated Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Total Estimated Fair Value | 33,618 | 33,115 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (1,174) | (1,388) |
Temporarily Impaired Securities [Member] | Tax Exempt State and Political Subdivisions Other Revenues [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 11,394 | 8,445 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (333) | (371) |
12 months or more, Estimated Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Total Estimated Fair Value | 11,394 | 8,445 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (333) | (371) |
Temporarily Impaired Securities [Member] | State and Political Subdivisions Other Revenues [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 2,196 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (7) | |
12 months or more, Estimated Fair Value | 0 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | |
Total Estimated Fair Value | 2,196 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (7) | |
Temporarily Impaired Securities [Member] | Tax Exempt State and Political Subdivisions Lease Revenues [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 4,390 | 7,011 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (167) | (201) |
12 months or more, Estimated Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Total Estimated Fair Value | 4,390 | 7,011 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (167) | (201) |
Temporarily Impaired Securities [Member] | Tax Exempt State and Political Subdivisions Water and Sewer Revenues [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 5,376 | 4,761 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (88) | (149) |
12 months or more, Estimated Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Total Estimated Fair Value | 5,376 | 4,761 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (88) | (149) |
Temporarily Impaired Securities [Member] | Tax Exempt State and Political Subdivisions Electric Revenues [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 1,939 | 1,973 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (74) | (48) |
12 months or more, Estimated Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Total Estimated Fair Value | 1,939 | 1,973 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ (74) | (48) |
Temporarily Impaired Securities [Member] | Tax Exempt State and Political Subdivisions Sales Tax Revenues [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Estimated Fair Value | 2,836 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (34) | |
12 months or more, Estimated Fair Value | 0 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | |
Total Estimated Fair Value | 2,836 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ (34) |
Loans (Narrative) (Details)
Loans (Narrative) (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Dec. 31, 2016 | |
Loans and Leases Receivable Disclosure [Abstract] | ||
Risk rate loans, aggregate balance threshold | $ 2,500,000 | |
Risk rate loans, loan balance threshold | 500,000 | |
Troubled debt restructurings included in impaired loans | 28,900,000 | $ 28,600,000 |
Current Troubled debt restructurings included in impaired loans | $ 28,200,000 | $ 28,100,000 |
Number of days past due to be considered in default | 30 days |
Loans (Summary of Loans, Net of
Loans (Summary of Loans, Net of Unearned Fees) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | $ 1,304,633 | $ 1,319,536 | $ 1,108,105 |
Less allowance for loan losses | 11,718 | 11,674 | 11,315 |
Loans, net | 1,292,915 | 1,307,862 | 1,096,790 |
Commercial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 134,808 | 119,088 | 101,742 |
Owner Occupied [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 217,733 | 203,047 | 202,680 |
Non-Owner Occupied [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 401,795 | 381,921 | 353,351 |
Land and Land Improvements [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 68,079 | 72,042 | 66,483 |
Construction Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 16,511 | 16,584 | 7,997 |
Non-Jumbo [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 266,140 | 265,641 | 221,368 |
Jumbo [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 60,780 | 65,628 | 50,057 |
Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 75,299 | 74,596 | 74,097 |
Mortgage Warehouse Lines [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 30,217 | 85,966 | 0 |
Consumer Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | 24,440 | 25,534 | 19,095 |
Other Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total loans, net of unearned fees | $ 8,831 | $ 9,489 | $ 11,235 |
Loans Loans (Schedule of Acquir
Loans Loans (Schedule of Acquired Loans) (Details) - HIghland County Bankshares Inc and Subsidiary First and Citizens Bank [Member] $ in Thousands | Mar. 31, 2017USD ($) |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Acquired Loans Total Outstanding Balance | $ 51,629 |
Acquired Loans Carrying Value | 50,879 |
Commercial Portfolio Segment [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Acquired Loans Carrying Value | 3,095 |
Owner Occupied [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Acquired Loans Carrying Value | 3,054 |
Non-Owner Occupied [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Acquired Loans Carrying Value | 1,118 |
Land and Land Improvements [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Acquired Loans Carrying Value | 3,608 |
Non-Jumbo [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Acquired Loans Carrying Value | 32,035 |
Jumbo [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Acquired Loans Carrying Value | 4,261 |
Consumer Portfolio Segment [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Acquired Loans Carrying Value | 3,708 |
Purchased Impaired Loans [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance | 2,456 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 2,012 |
Purchased Impaired Loans [Member] | Commercial Portfolio Segment [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 0 |
Purchased Impaired Loans [Member] | Owner Occupied [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 0 |
Purchased Impaired Loans [Member] | Non-Owner Occupied [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 0 |
Purchased Impaired Loans [Member] | Land and Land Improvements [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 0 |
Purchased Impaired Loans [Member] | Non-Jumbo [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 998 |
Purchased Impaired Loans [Member] | Jumbo [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 1,014 |
Purchased Impaired Loans [Member] | Consumer Portfolio Segment [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 0 |
Purchase Nonimpaired Loans [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Acquired Loans Purchase Performing Outstanding Balance | 49,173 |
Acquired Loans Purchased Performing Carrying Value | 48,867 |
Purchase Nonimpaired Loans [Member] | Commercial Portfolio Segment [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Acquired Loans Purchased Performing Carrying Value | 3,095 |
Purchase Nonimpaired Loans [Member] | Owner Occupied [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Acquired Loans Purchased Performing Carrying Value | 3,054 |
Purchase Nonimpaired Loans [Member] | Non-Owner Occupied [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Acquired Loans Purchased Performing Carrying Value | 1,118 |
Purchase Nonimpaired Loans [Member] | Land and Land Improvements [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Acquired Loans Purchased Performing Carrying Value | 3,608 |
Purchase Nonimpaired Loans [Member] | Non-Jumbo [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Acquired Loans Purchased Performing Carrying Value | 31,037 |
Purchase Nonimpaired Loans [Member] | Jumbo [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Acquired Loans Purchased Performing Carrying Value | 3,247 |
Purchase Nonimpaired Loans [Member] | Consumer Portfolio Segment [Member] | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | |
Acquired Loans Purchased Performing Carrying Value | $ 3,708 |
Loans Loans (Summary of Change
Loans Loans (Summary of Change in Accretable Yield PCI Loans) (Details) - Purchased Impaired Loans [Member] - HIghland County Bankshares Inc and Subsidiary First and Citizens Bank [Member] - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Dec. 31, 2016 | |
Summary of Change in Accretable Yield PCI Loans [Line Items] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield | $ 245 | $ 290 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | (31) | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Reclassifications from Nonaccretable Difference | 0 | |
Certain Loans Acquired in Transfer Not Accounting for as Debt Securities Accretable Yield Other Changes, Net | $ (14) |
Loans (Schedule of Contractual
Loans (Schedule of Contractual Aging of Recorded Investment in Past Due Loans by Class) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | $ 15,023 | $ 16,126 | $ 14,162 |
Current | 1,289,610 | 1,303,410 | 1,093,943 |
Recorded Investment greater then 90 days and Accruing | 68 | 0 | 0 |
Commercial [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 217 | 341 | 686 |
Current | 134,591 | 118,747 | 101,056 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 3,037 | 602 | 1,591 |
Current | 214,696 | 202,445 | 201,089 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Non-Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 298 | 405 | 902 |
Current | 401,497 | 381,516 | 352,449 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Land and Land Improvements [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 4,031 | 4,404 | 4,958 |
Current | 64,048 | 67,638 | 61,525 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Construction Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 0 | 0 |
Current | 16,511 | 16,584 | 7,997 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Non-Jumbo [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 6,620 | 9,473 | 5,293 |
Current | 259,520 | 256,168 | 216,075 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Jumbo [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 0 | 0 |
Current | 60,780 | 65,628 | 50,057 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Home Equity [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 487 | 359 | 524 |
Current | 74,812 | 74,237 | 73,573 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Mortgage Warehouse Lines [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 0 | |
Current | 30,217 | 85,966 | |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 333 | 542 | 208 |
Current | 24,107 | 24,992 | 18,887 |
Recorded Investment greater then 90 days and Accruing | 68 | 0 | 0 |
Other Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 0 | 0 |
Current | 8,831 | 9,489 | 11,235 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 3,537 | 5,551 | 3,267 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 5 | 90 | 39 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 162 | 93 | 272 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Non-Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 298 | 340 | 153 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Land and Land Improvements [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 252 | 423 | 178 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Non-Jumbo [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 2,554 | 4,297 | 2,555 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Jumbo [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Home Equity [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 108 | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Mortgage Warehouse Lines [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 0 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 158 | 308 | 70 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Other Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 3,433 | 2,490 | 2,312 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 157 | 86 | 468 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 2,298 | 0 | 497 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Non-Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Land and Land Improvements [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 38 | 129 | 41 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Non-Jumbo [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 926 | 1,889 | 832 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Jumbo [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Home Equity [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 302 | 453 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Mortgage Warehouse Lines [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 0 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 14 | 84 | 21 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Other Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 8,053 | 8,085 | 8,583 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 55 | 165 | 179 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 577 | 509 | 822 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Non-Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 65 | 749 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Land and Land Improvements [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 3,741 | 3,852 | 4,739 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Non-Jumbo [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 3,140 | 3,287 | 1,906 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Jumbo [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Home Equity [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 379 | 57 | 71 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Mortgage Warehouse Lines [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 0 | 0 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | 161 | 150 | 117 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Other Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past Due | $ 0 | $ 0 | $ 0 |
Loans (Schedule of Nonaccrual L
Loans (Schedule of Nonaccrual Loans Included in Net Balance of Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 14,875 | $ 14,574 | $ 15,406 |
Commercial [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 226 | 298 | 430 |
Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 577 | 509 | 822 |
Non-Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 4,157 | 4,336 | 5,318 |
Land and Land Improvements [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 3,936 | 4,465 | 5,467 |
Construction Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 0 | 0 |
Non-Jumbo [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 5,343 | 4,621 | 3,023 |
Jumbo [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 0 | 0 |
Home Equity [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 542 | 194 | 225 |
Mortgage Warehouse Lines [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 0 | 0 |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 94 | $ 151 | $ 121 |
Loans (Schedule of Method Used
Loans (Schedule of Method Used to Measure Impairment of Impaired Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Financing Receivable, Impaired [Line Items] | |||
Impaired loans | $ 37,380 | $ 37,659 | $ 42,159 |
Loans (Schedule of Loans Indivi
Loans (Schedule of Loans Individually Evaluated for Impairment) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | $ 37,367 | $ 42,147 | $ 37,647 |
Unpaid Principal Balance | 37,380 | 42,159 | 37,659 |
Related Allowance | 1,526 | 597 | 1,404 |
Average Impaired Balance | 36,987 | 41,912 | 37,895 |
Interest Income Recognized while impaired | 1,290 | 1,404 | 1,324 |
Commercial [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 275 | 200 | 285 |
Without a related allowance, Unpaid Principal Balance | 275 | 200 | 285 |
Without a related allowance, Average Impaired Balance | 275 | 200 | 247 |
Without a related allowance, Interest Income Recognized while impaired | 9 | 9 | 10 |
With a related allowance, Recorded Investment | 0 | 0 | 0 |
With a related allowance, Unpaid Principal Balance | 0 | 0 | 0 |
With a related allowance, Related Allowance | 0 | 0 | 0 |
With a related allowance, Average Impaired Balance | 0 | 0 | 0 |
With a related allowance, Interest Income Recognized while impaired | 0 | 0 | 0 |
Owner Occupied [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 806 | 5,446 | 520 |
Without a related allowance, Unpaid Principal Balance | 806 | 5,446 | 520 |
Without a related allowance, Average Impaired Balance | 806 | 5,446 | 534 |
Without a related allowance, Interest Income Recognized while impaired | 44 | 211 | 31 |
With a related allowance, Recorded Investment | 6,847 | 2,929 | 6,864 |
With a related allowance, Unpaid Principal Balance | 6,847 | 2,929 | 6,864 |
With a related allowance, Related Allowance | 375 | 89 | 347 |
With a related allowance, Average Impaired Balance | 6,847 | 2,929 | 6,879 |
With a related allowance, Interest Income Recognized while impaired | 268 | 112 | 269 |
Non-Owner Occupied [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 9,678 | 11,352 | 10,203 |
Without a related allowance, Unpaid Principal Balance | 9,679 | 11,353 | 10,205 |
Without a related allowance, Average Impaired Balance | 9,679 | 11,353 | 10,675 |
Without a related allowance, Interest Income Recognized while impaired | 271 | 299 | 294 |
With a related allowance, Recorded Investment | 1,300 | 1,841 | 1,311 |
With a related allowance, Unpaid Principal Balance | 1,300 | 1,841 | 1,311 |
With a related allowance, Related Allowance | 200 | 151 | 197 |
With a related allowance, Average Impaired Balance | 1,300 | 1,841 | 1,327 |
With a related allowance, Interest Income Recognized while impaired | 42 | 71 | 43 |
Land and Land Improvements [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 4,884 | 7,451 | 5,227 |
Without a related allowance, Unpaid Principal Balance | 4,885 | 7,452 | 5,227 |
Without a related allowance, Average Impaired Balance | 4,885 | 7,452 | 5,270 |
Without a related allowance, Interest Income Recognized while impaired | 81 | 163 | 80 |
With a related allowance, Recorded Investment | 2,065 | 1,152 | 2,066 |
With a related allowance, Unpaid Principal Balance | 2,066 | 1,152 | 2,066 |
With a related allowance, Related Allowance | 589 | 139 | 585 |
With a related allowance, Average Impaired Balance | 2,066 | 1,152 | 2,074 |
With a related allowance, Interest Income Recognized while impaired | 79 | 0 | 80 |
Construction [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 0 | 0 | 0 |
Without a related allowance, Unpaid Principal Balance | 0 | 0 | 0 |
Without a related allowance, Average Impaired Balance | 0 | 0 | 0 |
Without a related allowance, Interest Income Recognized while impaired | 0 | 0 | 0 |
With a related allowance, Recorded Investment | 0 | 0 | 0 |
With a related allowance, Unpaid Principal Balance | 0 | 0 | 0 |
With a related allowance, Related Allowance | 0 | 0 | 0 |
With a related allowance, Average Impaired Balance | 0 | 0 | 0 |
With a related allowance, Interest Income Recognized while impaired | 0 | 0 | 0 |
Non-Jumbo [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 4,173 | 4,060 | 4,055 |
Without a related allowance, Unpaid Principal Balance | 4,183 | 4,071 | 4,065 |
Without a related allowance, Average Impaired Balance | 4,049 | 3,824 | 3,910 |
Without a related allowance, Interest Income Recognized while impaired | 157 | 169 | 193 |
With a related allowance, Recorded Investment | 2,298 | 2,337 | 2,055 |
With a related allowance, Unpaid Principal Balance | 2,300 | 2,337 | 2,057 |
With a related allowance, Related Allowance | 337 | 187 | 251 |
With a related allowance, Average Impaired Balance | 2,041 | 2,337 | 1,851 |
With a related allowance, Interest Income Recognized while impaired | 96 | 112 | 78 |
Jumbo [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 3,626 | 3,740 | 3,640 |
Without a related allowance, Unpaid Principal Balance | 3,625 | 3,739 | 3,639 |
Without a related allowance, Average Impaired Balance | 3,625 | 3,739 | 3,693 |
Without a related allowance, Interest Income Recognized while impaired | 172 | 178 | 175 |
With a related allowance, Recorded Investment | 852 | 867 | 853 |
With a related allowance, Unpaid Principal Balance | 852 | 868 | 853 |
With a related allowance, Related Allowance | 25 | 31 | 24 |
With a related allowance, Average Impaired Balance | 852 | 868 | 862 |
With a related allowance, Interest Income Recognized while impaired | 43 | 43 | 44 |
Home Equity [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 524 | 710 | 524 |
Without a related allowance, Unpaid Principal Balance | 523 | 709 | 523 |
Without a related allowance, Average Impaired Balance | 523 | 709 | 523 |
Without a related allowance, Interest Income Recognized while impaired | 24 | 32 | 22 |
With a related allowance, Recorded Investment | 0 | 0 | 0 |
With a related allowance, Unpaid Principal Balance | 0 | 0 | 0 |
With a related allowance, Related Allowance | 0 | 0 | 0 |
With a related allowance, Average Impaired Balance | 0 | 0 | 0 |
With a related allowance, Interest Income Recognized while impaired | 0 | 0 | 0 |
Mortgage Warehouse Lines [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 0 | 0 | |
Without a related allowance, Unpaid Principal Balance | 0 | 0 | |
Without a related allowance, Average Impaired Balance | 0 | 0 | |
Without a related allowance, Interest Income Recognized while impaired | 0 | 0 | |
With a related allowance, Recorded Investment | 0 | 0 | |
With a related allowance, Unpaid Principal Balance | 0 | 0 | |
With a related allowance, Related Allowance | 0 | 0 | |
With a related allowance, Average Impaired Balance | 0 | 0 | |
With a related allowance, Interest Income Recognized while impaired | 0 | 0 | |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 39 | 62 | 44 |
Without a related allowance, Unpaid Principal Balance | 39 | 62 | 44 |
Without a related allowance, Average Impaired Balance | 39 | 62 | 50 |
Without a related allowance, Interest Income Recognized while impaired | 4 | 5 | 5 |
With a related allowance, Recorded Investment | 0 | 0 | 0 |
With a related allowance, Unpaid Principal Balance | 0 | 0 | 0 |
With a related allowance, Related Allowance | 0 | 0 | 0 |
With a related allowance, Average Impaired Balance | 0 | 0 | 0 |
With a related allowance, Interest Income Recognized while impaired | 0 | 0 | 0 |
Total Without a Related Allowance | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 24,005 | 33,021 | 24,498 |
Without a related allowance, Unpaid Principal Balance | 24,015 | 33,032 | 24,508 |
Without a related allowance, Average Impaired Balance | 23,881 | 32,785 | 24,902 |
Without a related allowance, Interest Income Recognized while impaired | 762 | 1,066 | 810 |
Total With a Related Allowance | |||
Financing Receivable, Impaired [Line Items] | |||
With a related allowance, Recorded Investment | 13,362 | 9,126 | 13,149 |
With a related allowance, Unpaid Principal Balance | 13,365 | 9,127 | 13,151 |
With a related allowance, Related Allowance | 1,526 | 597 | 1,404 |
With a related allowance, Average Impaired Balance | 13,106 | 9,127 | 12,993 |
With a related allowance, Interest Income Recognized while impaired | 528 | 338 | 514 |
Total Commercial | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 25,855 | 30,371 | 26,476 |
Unpaid Principal Balance | 25,858 | 30,373 | 26,478 |
Related Allowance | 1,164 | 379 | 1,129 |
Average Impaired Balance | 25,858 | 30,373 | 27,006 |
Interest Income Recognized while impaired | 794 | 865 | 807 |
Total Residential Real Estate | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 11,473 | 11,714 | 11,127 |
Unpaid Principal Balance | 11,483 | 11,724 | 11,137 |
Related Allowance | 362 | 218 | 275 |
Average Impaired Balance | 11,090 | 11,477 | 10,839 |
Interest Income Recognized while impaired | 492 | 534 | 512 |
Total Consumer | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 39 | 62 | 44 |
Unpaid Principal Balance | 39 | 62 | 44 |
Related Allowance | 0 | 0 | 0 |
Average Impaired Balance | 39 | 62 | 50 |
Interest Income Recognized while impaired | $ 4 | $ 5 | $ 5 |
Loans Loans (Schedule of Restru
Loans Loans (Schedule of Restructured Trouble Debt Restructuring By Class) (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017USD ($)contract | Mar. 31, 2016USD ($)contract | |
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | contract | 4 | 1 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 880 | $ 250 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 880 | $ 250 |
Commercial [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | contract | 0 | 0 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 0 |
Owner Occupied [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | contract | 0 | 0 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 0 |
Non-Owner Occupied [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | contract | 0 | 0 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 0 |
Land and Land Improvements [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | contract | 0 | 0 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 0 |
Construction [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | contract | 0 | 0 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 0 |
Non-Jumbo [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | contract | 4 | 1 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 880 | $ 250 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 880 | $ 250 |
Jumbo [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | contract | 0 | 0 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 0 |
Home Equity [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | contract | 0 | 0 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 0 |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | contract | 0 | 0 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | contract | 0 | 0 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 0 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 0 |
Loans (Schedule of Defaults Dur
Loans (Schedule of Defaults During Stated Period of Trouble Debt Restructurings) (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2017USD ($)contract | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | contract | 1 |
Recorded Investment at Default Date | $ | $ 319 |
Commercial [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | contract | 0 |
Recorded Investment at Default Date | $ | $ 0 |
Owner Occupied [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | contract | 0 |
Recorded Investment at Default Date | $ | $ 0 |
Non-Owner Occupied [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | contract | 0 |
Recorded Investment at Default Date | $ | $ 0 |
Land and Land Improvements [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | contract | 0 |
Recorded Investment at Default Date | $ | $ 0 |
Construction [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | contract | 0 |
Recorded Investment at Default Date | $ | $ 0 |
Non-Jumbo [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | contract | 1 |
Recorded Investment at Default Date | $ | $ 319 |
Jumbo [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | contract | 0 |
Recorded Investment at Default Date | $ | $ 0 |
Home Equity [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | contract | 0 |
Recorded Investment at Default Date | $ | $ 0 |
Mortgage Warehouse Lines [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | contract | 0 |
Recorded Investment at Default Date | $ | $ 0 |
Consumer Portfolio Segment [Member] | |
Financing Receivable, Impaired [Line Items] | |
Number of Defaults | contract | 0 |
Recorded Investment at Default Date | $ | $ 0 |
Loans (Schedule of the Activity
Loans (Schedule of the Activity Regarding TDRs by Loan Type) (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2017USD ($) | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | $ 28,623 |
Additions | 880 |
Charge-offs | (65) |
Net (paydowns) advances | (545) |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 28,893 |
Allowance related to troubled debt restructurings | 1,463 |
Land and Land Improvements [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 3,866 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | (352) |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 3,514 |
Allowance related to troubled debt restructurings | 526 |
Construction [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 0 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | 0 |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 0 |
Allowance related to troubled debt restructurings | 0 |
Commercial [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 183 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | (5) |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 178 |
Allowance related to troubled debt restructurings | 0 |
Owner Occupied [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 7,383 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | (28) |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 7,355 |
Allowance related to troubled debt restructurings | 375 |
Non-Owner Occupied [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 6,714 |
Additions | 0 |
Charge-offs | (65) |
Net (paydowns) advances | (58) |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 6,591 |
Allowance related to troubled debt restructurings | 200 |
Non-Jumbo [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 5,417 |
Additions | 880 |
Charge-offs | 0 |
Net (paydowns) advances | (83) |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 6,214 |
Allowance related to troubled debt restructurings | 337 |
Jumbo [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 4,493 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | (15) |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 4,478 |
Allowance related to troubled debt restructurings | 25 |
Home Equity Line of Credit [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 523 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | 0 |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 523 |
Allowance related to troubled debt restructurings | 0 |
Mortgage Warehouse Lines [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 0 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | 0 |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 0 |
Allowance related to troubled debt restructurings | 0 |
Consumer Portfolio Segment [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 44 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | (4) |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 40 |
Allowance related to troubled debt restructurings | 0 |
Other Loans [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 0 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | 0 |
Transfer into foreclosed properties | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 0 |
Allowance related to troubled debt restructurings | $ 0 |
Loans (Schedule of Recorded Inv
Loans (Schedule of Recorded Investment Evaluated Based on Internal Risk Ratings) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total | $ 1,304,633 | |
Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 68,079 | $ 72,042 |
Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 16,511 | 16,584 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 134,808 | 119,088 |
Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 217,733 | 203,047 |
Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 401,795 | 381,921 |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 30,217 | 85,966 |
Pass [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 60,870 | 64,144 |
Pass [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 16,511 | 16,584 |
Pass [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 133,106 | 117,214 |
Pass [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 212,724 | 201,113 |
Pass [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 396,073 | 375,181 |
Pass [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 30,217 | 85,966 |
OLEM (Special Mention) [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 2,002 | 2,097 |
OLEM (Special Mention) [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
OLEM (Special Mention) [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 1,341 | 1,471 |
OLEM (Special Mention) [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 3,152 | 567 |
OLEM (Special Mention) [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 1,199 | 1,381 |
OLEM (Special Mention) [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Substandard [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 5,207 | 5,801 |
Substandard [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Substandard [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 361 | 403 |
Substandard [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 1,857 | 1,367 |
Substandard [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 4,523 | 5,359 |
Substandard [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Doubtful [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Doubtful [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Doubtful [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Doubtful [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Doubtful [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Doubtful [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | $ 0 | $ 0 |
Loans (Schedule of Recorded I66
Loans (Schedule of Recorded Investment Evaluated Based on Aging Status of Loans and Payment Activity) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Performing Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | $ 429,320 | $ 435,907 | $ 372,469 |
Performing Financing Receivable [Member] | Non-Jumbo [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 260,690 | 261,020 | 218,345 |
Performing Financing Receivable [Member] | Jumbo [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 60,780 | 65,628 | 50,057 |
Performing Financing Receivable [Member] | Home Equity [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 74,757 | 74,402 | 73,872 |
Performing Financing Receivable [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 24,262 | 25,368 | 18,960 |
Performing Financing Receivable [Member] | Other Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 8,831 | 9,489 | 11,235 |
Nonperforming Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 6,170 | 4,981 | 3,383 |
Nonperforming Financing Receivable [Member] | Non-Jumbo [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 5,450 | 4,621 | 3,023 |
Nonperforming Financing Receivable [Member] | Jumbo [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 0 | 0 | 0 |
Nonperforming Financing Receivable [Member] | Home Equity [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 542 | 194 | 225 |
Nonperforming Financing Receivable [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | 178 | 166 | 135 |
Nonperforming Financing Receivable [Member] | Other Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Total | $ 0 | $ 0 | $ 0 |
Allowance For Loan Losses (Summ
Allowance For Loan Losses (Summary Of Analysis Of Allowance For Loan Losses) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | $ 11,674 | $ 11,472 | $ 11,472 |
Total, Losses | 314 | 560 | 1,555 |
Total Recoveries | 108 | 153 | 1,257 |
Net losses | 206 | 407 | 298 |
Provision for loan losses | 250 | 250 | 500 |
Ending balance | 11,718 | 11,315 | 11,674 |
Commercial [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 934 | ||
Total, Losses | 2 | 260 | 489 |
Total Recoveries | 3 | 59 | 73 |
Provision for loan losses | (117) | ||
Ending balance | 818 | 934 | |
Owner Occupied [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 2,109 | ||
Total, Losses | 3 | 0 | 179 |
Total Recoveries | 8 | 8 | 31 |
Provision for loan losses | 565 | ||
Ending balance | 2,679 | 2,109 | |
Non-Owner Occupied [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 3,438 | ||
Total, Losses | 65 | 101 | 124 |
Total Recoveries | 2 | 3 | 17 |
Provision for loan losses | 1,026 | ||
Ending balance | 4,401 | 3,438 | |
Land and Land Development [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 2,263 | ||
Total, Losses | 3 | 0 | 127 |
Total Recoveries | 15 | 5 | 840 |
Provision for loan losses | (1,567) | ||
Ending balance | 708 | 2,263 | |
Construction [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 24 | ||
Total, Losses | 0 | 0 | 9 |
Total Recoveries | 0 | 0 | 0 |
Provision for loan losses | (4) | ||
Ending balance | 20 | 24 | |
Non-Jumbo [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 2,174 | ||
Total, Losses | 160 | 120 | 169 |
Total Recoveries | 22 | 36 | 136 |
Provision for loan losses | 207 | ||
Ending balance | 2,243 | 2,174 | |
Jumbo [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 95 | ||
Total, Losses | 1 | 0 | 0 |
Total Recoveries | 0 | 0 | 6 |
Provision for loan losses | 76 | ||
Ending balance | 170 | 95 | |
Home Equity [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 413 | ||
Total, Losses | 0 | 11 | 175 |
Total Recoveries | 0 | 1 | 3 |
Provision for loan losses | 78 | ||
Ending balance | 491 | 413 | |
Mortgage Warehouse Lines [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 0 | ||
Total, Losses | 0 | 0 | 0 |
Total Recoveries | 0 | 0 | 0 |
Provision for loan losses | 0 | ||
Ending balance | 0 | 0 | |
Consumer [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 121 | ||
Total, Losses | 30 | 15 | 98 |
Total Recoveries | 18 | 15 | 76 |
Provision for loan losses | (29) | ||
Ending balance | 80 | 121 | |
Other | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 103 | ||
Total, Losses | 50 | 53 | 185 |
Total Recoveries | 40 | $ 26 | 75 |
Provision for loan losses | 15 | ||
Ending balance | $ 108 | $ 103 |
Allowance For Loan Losses (Su68
Allowance For Loan Losses (Summary Of Net Unearned Income) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | Mar. 31, 2017 | |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | $ 11,674 | $ 11,472 | $ 11,472 | |
Charge-offs | (314) | (560) | (1,555) | |
Recoveries | 108 | 153 | 1,257 | |
Provision | 250 | 250 | 500 | |
Ending balance | 11,718 | 11,315 | 11,674 | |
Allowance related to: Loans individually evaluated for impairment | $ 1,526 | |||
Allowance related to: Loans collectively evaluated for impairment | 10,192 | |||
Total, Allowance | 11,674 | 11,472 | 11,472 | 11,718 |
Loans individually evaluated for impairment | 37,367 | |||
Loans collectively evaluated for impairment | 1,265,254 | |||
Total, Loans | 1,304,633 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | |||
Loans Acquired with Deteriorated Credit Quality | 2,012 | |||
Land and Land Development [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 2,263 | |||
Charge-offs | (3) | 0 | (127) | |
Recoveries | 15 | 5 | 840 | |
Provision | (1,567) | |||
Ending balance | 708 | 2,263 | ||
Allowance related to: Loans individually evaluated for impairment | 589 | |||
Allowance related to: Loans collectively evaluated for impairment | 119 | |||
Total, Allowance | 2,263 | 2,263 | 708 | |
Loans individually evaluated for impairment | 6,949 | |||
Loans collectively evaluated for impairment | 61,130 | |||
Total, Loans | 68,079 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | |||
Construction [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 24 | |||
Charge-offs | 0 | 0 | (9) | |
Recoveries | 0 | 0 | 0 | |
Provision | (4) | |||
Ending balance | 20 | 24 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | |||
Allowance related to: Loans collectively evaluated for impairment | 20 | |||
Total, Allowance | 24 | 24 | 20 | |
Loans individually evaluated for impairment | 0 | |||
Loans collectively evaluated for impairment | 16,511 | |||
Total, Loans | 16,511 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | |||
Commercial [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 934 | |||
Charge-offs | (2) | (260) | (489) | |
Recoveries | 3 | 59 | 73 | |
Provision | (117) | |||
Ending balance | 818 | 934 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | |||
Allowance related to: Loans collectively evaluated for impairment | 818 | |||
Total, Allowance | 934 | 934 | 818 | |
Loans individually evaluated for impairment | 275 | |||
Loans collectively evaluated for impairment | 134,533 | |||
Total, Loans | 134,808 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | |||
Owner Occupied [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 2,109 | |||
Charge-offs | (3) | 0 | (179) | |
Recoveries | 8 | 8 | 31 | |
Provision | 565 | |||
Ending balance | 2,679 | 2,109 | ||
Allowance related to: Loans individually evaluated for impairment | 375 | |||
Allowance related to: Loans collectively evaluated for impairment | 2,304 | |||
Total, Allowance | 2,109 | 2,109 | 2,679 | |
Loans individually evaluated for impairment | 7,653 | |||
Loans collectively evaluated for impairment | 210,080 | |||
Total, Loans | 217,733 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | |||
Non-Owner Occupied [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 3,438 | |||
Charge-offs | (65) | (101) | (124) | |
Recoveries | 2 | 3 | 17 | |
Provision | 1,026 | |||
Ending balance | 4,401 | 3,438 | ||
Allowance related to: Loans individually evaluated for impairment | 200 | |||
Allowance related to: Loans collectively evaluated for impairment | 4,201 | |||
Total, Allowance | 3,438 | 3,438 | 4,401 | |
Loans individually evaluated for impairment | 10,978 | |||
Loans collectively evaluated for impairment | 390,817 | |||
Total, Loans | 401,795 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | |||
Non-Jumbo [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 2,174 | |||
Charge-offs | (160) | (120) | (169) | |
Recoveries | 22 | 36 | 136 | |
Provision | 207 | |||
Ending balance | 2,243 | 2,174 | ||
Allowance related to: Loans individually evaluated for impairment | 337 | |||
Allowance related to: Loans collectively evaluated for impairment | 1,906 | |||
Total, Allowance | 2,174 | 2,174 | 2,243 | |
Loans individually evaluated for impairment | 6,471 | |||
Loans collectively evaluated for impairment | 258,671 | |||
Total, Loans | 265,142 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | |||
Jumbo [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 95 | |||
Charge-offs | (1) | 0 | 0 | |
Recoveries | 0 | 0 | 6 | |
Provision | 76 | |||
Ending balance | 170 | 95 | ||
Allowance related to: Loans individually evaluated for impairment | 25 | |||
Allowance related to: Loans collectively evaluated for impairment | 145 | |||
Total, Allowance | 95 | 95 | 170 | |
Loans individually evaluated for impairment | 4,478 | |||
Loans collectively evaluated for impairment | 55,288 | |||
Total, Loans | 59,766 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | |||
Home Equity [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 413 | |||
Charge-offs | 0 | (11) | (175) | |
Recoveries | 0 | 1 | 3 | |
Provision | 78 | |||
Ending balance | 491 | 413 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | |||
Allowance related to: Loans collectively evaluated for impairment | 491 | |||
Total, Allowance | 413 | 413 | 491 | |
Loans individually evaluated for impairment | 524 | |||
Loans collectively evaluated for impairment | 74,775 | |||
Total, Loans | 75,299 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | |||
Mortgage Warehouse Lines [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 0 | |||
Charge-offs | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | |
Provision | 0 | |||
Ending balance | 0 | 0 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | |||
Allowance related to: Loans collectively evaluated for impairment | 0 | |||
Total, Allowance | 0 | 0 | 0 | |
Loans individually evaluated for impairment | 0 | |||
Loans collectively evaluated for impairment | 30,217 | |||
Total, Loans | 30,217 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | |||
Consumer [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 121 | |||
Charge-offs | (30) | (15) | (98) | |
Recoveries | 18 | 15 | 76 | |
Provision | (29) | |||
Ending balance | 80 | 121 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | |||
Allowance related to: Loans collectively evaluated for impairment | 80 | |||
Total, Allowance | 121 | 121 | 80 | |
Loans individually evaluated for impairment | 39 | |||
Loans collectively evaluated for impairment | 24,401 | |||
Total, Loans | 24,440 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | |||
Other | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 103 | |||
Charge-offs | (50) | (53) | (185) | |
Recoveries | 40 | $ 26 | 75 | |
Provision | 15 | |||
Ending balance | 108 | 103 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | |||
Allowance related to: Loans collectively evaluated for impairment | 108 | |||
Total, Allowance | 103 | 103 | 108 | |
Loans individually evaluated for impairment | 0 | |||
Loans collectively evaluated for impairment | 8,831 | |||
Total, Loans | 8,831 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | |||
Purchase Credit Impaired [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 0 | |||
Charge-offs | 0 | |||
Recoveries | 0 | |||
Provision | 0 | |||
Ending balance | 0 | 0 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | |||
Allowance related to: Loans collectively evaluated for impairment | 0 | |||
Total, Allowance | $ 0 | $ 0 | 0 | |
Loans individually evaluated for impairment | 0 | |||
Loans collectively evaluated for impairment | 0 | |||
Total, Loans | 2,012 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | |||
Loans Acquired with Deteriorated Credit Quality | $ 2,012 |
Goodwill And Other Intangible69
Goodwill And Other Intangible Assets (Summary Of Goodwill Activity) (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2017USD ($) | |
Goodwill [Line Items] | |
Goodwill, Purchase Accounting Adjustments | $ 30 |
Goodwill [Roll Forward] | |
Goodwill, beginning balance | 10,990 |
Goodwill, ending balance | 11,020 |
Community Banking [Member] | |
Goodwill [Line Items] | |
Goodwill, Purchase Accounting Adjustments | 30 |
Goodwill [Roll Forward] | |
Goodwill, beginning balance | 6,280 |
Goodwill, ending balance | 6,310 |
Insurance Services [Member] | |
Goodwill [Line Items] | |
Goodwill, Purchase Accounting Adjustments | 0 |
Goodwill [Roll Forward] | |
Goodwill, beginning balance | 4,710 |
Goodwill, ending balance | $ 4,710 |
Goodwill And Other Intangible70
Goodwill And Other Intangible Assets (Summary Of Other Intangible Assets) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Goodwill [Line Items] | ||
Identifiable intangible assets, Gross carrying amount | $ 4,612 | $ 4,610 |
Identifiable intangible assets, Less: accumulated amortization | 2,045 | 1,947 |
Identifiable intangible assets, Net carrying amount | 2,567 | 2,663 |
Community Banking [Member] | ||
Goodwill [Line Items] | ||
Identifiable intangible assets, Gross carrying amount | 1,612 | 1,610 |
Identifiable intangible assets, Less: accumulated amortization | 95 | 47 |
Identifiable intangible assets, Net carrying amount | 1,517 | 1,563 |
Insurance Services [Member] | ||
Goodwill [Line Items] | ||
Identifiable intangible assets, Gross carrying amount | 3,000 | 3,000 |
Identifiable intangible assets, Less: accumulated amortization | 1,950 | 1,900 |
Identifiable intangible assets, Net carrying amount | $ 1,050 | $ 1,100 |
Goodwill And Other Intangible71
Goodwill And Other Intangible Assets (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2017USD ($) | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Recorded amortization expense | $ 97,000 |
Goodwill And Other Intangible72
Goodwill And Other Intangible Assets Schedule of Amortization Expense (Details) $ in Thousands | Mar. 31, 2017USD ($) |
Core Deposits [Member] | |
Schedule of Amortization of Intangibles [Line Items] | |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | $ 186 |
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 175 |
Finite-Lived Intangible Assets, Amortization Expense, Year Three | 163 |
Finite-Lived Intangible Assets, Amortization Expense, Year Four | 151 |
Finite-Lived Intangible Assets, Amortization Expense, Year Five | 139 |
Customer-Related Intangible Assets [Member] | |
Schedule of Amortization of Intangibles [Line Items] | |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | 200 |
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 200 |
Finite-Lived Intangible Assets, Amortization Expense, Year Three | 200 |
Finite-Lived Intangible Assets, Amortization Expense, Year Four | 200 |
Finite-Lived Intangible Assets, Amortization Expense, Year Five | $ 200 |
Deposits (Summary Of Interest B
Deposits (Summary Of Interest Bearing Deposits By Type) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | |
Deposits [Abstract] | ||||
Demand deposits, interest bearing | $ 275,678 | $ 262,591 | $ 210,878 | |
Savings deposits | 342,548 | 337,348 | 286,695 | |
Time deposits | 530,929 | 545,843 | 474,593 | |
Total | $ 1,149,155 | $ 1,145,782 | [1] | $ 972,166 |
[1] | December 31, 2016 financial information has been extracted from audited consolidated financial statements |
Deposits (Summary Of Scheduled
Deposits (Summary Of Scheduled Maturities For All Time Deposits) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Deposits [Abstract] | |||
Nine month period ending December 31, 2017 | $ 211,129 | ||
Year ending December 31, 2018 | 129,067 | ||
Year ending December 31, 2019 | 73,182 | ||
Year ending December 31, 2020 | 47,752 | ||
Year ending December 31, 2021 | 37,456 | ||
Thereafter | 32,343 | ||
Total | $ 530,929 | $ 545,843 | $ 474,593 |
Deposits (Summary Of Maturity D
Deposits (Summary Of Maturity Distribution Of All Certificates Of Deposit) (Details) $ in Thousands | Mar. 31, 2017USD ($) |
Deposits [Abstract] | |
Three months or less | $ 76,654 |
Three through six months | 42,176 |
Six through twelve months | 90,662 |
Over twelve months | 191,595 |
Total | $ 401,087 |
Three months or less, percentage | 19.10% |
Three through six months, percentage | 10.50% |
Six through twelve months, percentage | 22.60% |
Over twelve months, percentage | 47.80% |
Total, percentage | 100.00% |
Deposits (Narrative) (Details)
Deposits (Narrative) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Deposits [Abstract] | |||
Time deposits acquired through a third party (brokered deposits) | $ 200,316 | $ 205,710 | $ 138,847 |
Borrowed Funds (Summary Of Shor
Borrowed Funds (Summary Of Short-Term Borrowings) (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | [1] | |
Debt Instrument [Line Items] | ||||
Beginning Balance | $ 228,868 | $ 153,448 | $ 224,461 | |
Short-term FHLB Advances [Member] | ||||
Debt Instrument [Line Items] | ||||
Beginning Balance | 225,400 | 150,000 | ||
Average balance outstanding for the period | 193,481 | 165,102 | ||
Maximum balance outstanding at any month end during period | $ 225,400 | $ 188,450 | ||
Weighted average interest rate for the period | 1.02% | 0.58% | ||
Weighted average interest rate for balances outstanding | 0.84% | 0.57% | ||
Federal Funds Purchased and Lines of Credit [Member] | ||||
Debt Instrument [Line Items] | ||||
Beginning Balance | $ 3,468 | $ 3,448 | ||
Average balance outstanding for the period | 3,465 | 3,446 | ||
Maximum balance outstanding at any month end during period | $ 3,468 | $ 3,448 | ||
Weighted average interest rate for the period | 1.00% | 0.50% | ||
Weighted average interest rate for balances outstanding | 0.78% | 0.50% | ||
[1] | December 31, 2016 financial information has been extracted from audited consolidated financial statements |
Borrowed Funds (Long-term Borro
Borrowed Funds (Long-term Borrowings) (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | |
Debt Disclosure [Abstract] | |||
Long-term borrowings | $ 46,215 | $ 46,670 | $ 75,103 |
Basis spread on variable rate | 0.50% | ||
Average interest rate paid on long-term borrowings | 4.26% | 4.41% |
Borrowed Funds (Summary of Long
Borrowed Funds (Summary of Long-Term Borrowings) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Debt Disclosure [Abstract] | |||
Long-term FHLB advances | $ 764 | $ 767 | $ 846 |
Long-term reverse repurchase agreements | 45,000 | 45,000 | 72,000 |
Term loans | 451 | 903 | 2,257 |
Total | $ 46,215 | $ 46,670 | $ 75,103 |
Borrowed Funds (Subordinated De
Borrowed Funds (Subordinated Debentures Owed to Unconsolidated Subsidiary Trusts) (Narrative) (Details) | 1 Months Ended | 3 Months Ended | |||||
Dec. 31, 2005USD ($) | Mar. 31, 2004USD ($) | Oct. 31, 2002USD ($) | Mar. 31, 2017USD ($)trust | Mar. 31, 2016USD ($) | Dec. 31, 2016USD ($) | [1] | |
Debt Instrument [Line Items] | |||||||
Number of statutory business trusts | trust | 3 | ||||||
Subordinated debentures owed to unconsolidated subsidiary trusts | $ 19,589,000 | $ 19,589,000 | $ 19,589,000 | ||||
Net proceeds from issuance of common stock | $ 35,000 | $ 20,000 | |||||
Basis spread on variable rate | 0.50% | ||||||
Trust preferred securities limited to tier one capital elements, net of goodwill | 25.00% | ||||||
Sfg Capital Trust I [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Ownership percentage | 100.00% | ||||||
Proceeds from issuance or sale of equity | $ 3,500,000 | ||||||
Net proceeds from issuance of common stock | 109,000 | ||||||
Payments to acquire debentures | $ 3,610,000 | ||||||
Basis spread on variable rate | 3.45% | ||||||
Sfg Capital Trust Ii [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Ownership percentage | 100.00% | ||||||
Proceeds from issuance or sale of equity | $ 7,500,000 | ||||||
Net proceeds from issuance of common stock | 232,000 | ||||||
Payments to acquire debentures | $ 7,730,000 | ||||||
Basis spread on variable rate | 2.80% | ||||||
Sfg Capital Trust Iii [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Ownership percentage | 100.00% | ||||||
Proceeds from issuance or sale of equity | $ 8,000,000 | ||||||
Net proceeds from issuance of common stock | 248,000 | ||||||
Payments to acquire debentures | $ 8,250,000 | ||||||
Basis spread on variable rate | 1.45% | ||||||
[1] | December 31, 2016 financial information has been extracted from audited consolidated financial statements |
Borrowed Funds (Summary Of The
Borrowed Funds (Summary Of The Maturities Of All Long-Term Borrowings And Subordinated Debentures) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Total | $ 46,215 | $ 46,670 | $ 75,103 |
Long-term Debt [Member] | |||
2,017 | 463 | ||
2,018 | 45,017 | ||
2,019 | 18 | ||
2,020 | 19 | ||
2,021 | 20 | ||
Thereafter | 678 | ||
Total | 46,215 | ||
Subordinated debentures owed to unconsolidated subsidiary trusts [Member] | |||
2,017 | 0 | ||
2,018 | 0 | ||
2,019 | 0 | ||
2,020 | 0 | ||
2,021 | 0 | ||
Thereafter | 19,589 | ||
Total | $ 19,589 |
Share Based Compensation Share
Share Based Compensation Share Based Compensation (Narrative) (Details) - USD ($) | 3 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | May 31, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Allocated Share-based Compensation Expense | $ 84,000 | $ 50,000 | ||
Number of LTIP shares authorized | 20,000,000 | 20,000,000 | 20,000,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | |||
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense | $ 31,000 | $ 19,000 | ||
5 Year Vesting Stock Appreciation Rights [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of awards granted | 53,309 | |||
Vesting period | 5 years | |||
Percentage vested per year | 20.00% | |||
Expiration period | 10 years | |||
Risk-free interest rate | 2.16% | |||
Expected dividend yield | 1.45% | |||
Expected common stock volatility | 60.05% | |||
Expected life | 6 years 6 months | |||
7 Year Vesting Stock Appreciation Rights [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of awards granted | 34,306 | |||
Vesting period | 7 years | |||
Percentage vested per year | 14.29% | |||
Expiration period | 10 years | |||
Risk-free interest rate | 2.24% | |||
Expected dividend yield | 1.45% | |||
Expected common stock volatility | 59.60% | |||
Expected life | 7 years | |||
2014 Long-Term Incentive Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Number of LTIP shares authorized | 500,000 |
Share Based Compensation (Summa
Share Based Compensation (Summary Of Activity In Stock Option Plans) (Details) - $ / shares | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ||
Outstanding Options, Exercised | (2,000) | |
Employee Stock Option and Stock Appreciation Rights (SARs) [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ||
Outstanding Options, Beginning Balance | 217,857 | 244,147 |
Outstanding Options, Granted | 87,615 | 0 |
Outstanding Options, Exercised | (2,000) | 0 |
Outstanding Options, Forfeited | 0 | 0 |
Outstanding Options, Expired | 0 | 0 |
Outstanding Options, Ending Balance | 303,472 | 244,147 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract] | ||
Outstanding, Weighted-Average Exercise Price, Beginning Balance | $ 13.56 | $ 14.05 |
Outstanding, Weighted-Average Exercise Price, Granted | 26.01 | 0 |
Outstanding, Weighted-Average Exercise Price, Exercised | 6.21 | 0 |
Outstanding, Weighted-Average Exercise Price, Forfeited | 0 | 0 |
Outstanding, Weighted-Average Exercise Price, Expired | 0 | 0 |
Outstanding, Weighted-Average Exercise Price, Ending Balance | $ 17.20 | $ 14.05 |
Share Based Compensation (Optio
Share Based Compensation (Options Outstanding And Exercisable) (Details) $ / shares in Units, $ in Thousands | 3 Months Ended |
Mar. 31, 2017USD ($)$ / sharesshares | |
2.54 to 6.00 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Range of exercise price, Lower | $ 2.54 |
Range of exercise price, Upper | 6 |
6.01 to 10.00 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Range of exercise price, Lower | 6.01 |
Range of exercise price, Upper | 10 |
10.01 to 17.50 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Range of exercise price, Lower | 10.01 |
Range of exercise price, Upper | 17.50 |
17.51 to 20.00 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Range of exercise price, Lower | 17.51 |
Range of exercise price, Upper | 20 |
20.01 to 25.93 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Range of exercise price, Lower | 20.01 |
Range of exercise price, Upper | $ 25.93 |
Employee Stock Option and Stock Appreciation Rights (SARs) [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Options Outstanding, number of awards | shares | 303,472 |
Options Outstanding, WAEP | $ 17.20 |
Options Outstanding, Aggregate Intrinsic Value | $ | $ 1,812 |
Options Exercisable, number of awards | shares | 82,483 |
Options Exercisable, WAEP | $ 16.23 |
Options Exercisable, Aggregate Intrinsic Value | $ | $ 541 |
Employee Stock Option and Stock Appreciation Rights (SARs) [Member] | 2.54 to 6.00 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Options Outstanding, number of awards | shares | 5,000 |
Options Outstanding, WAEP | $ 2.54 |
Options Outstanding, Wted. Avg. Remaining Contractual Life (yrs) | 6 years 3 months 29 days |
Options Outstanding, Aggregate Intrinsic Value | $ | $ 95 |
Options Exercisable, number of awards | shares | 5,000 |
Options Exercisable, WAEP | $ 2.54 |
Options Exercisable, Aggregate Intrinsic Value | $ | $ 95 |
Employee Stock Option and Stock Appreciation Rights (SARs) [Member] | 6.01 to 10.00 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Options Outstanding, number of awards | shares | 5,640 |
Options Outstanding, WAEP | $ 8.91 |
Options Outstanding, Wted. Avg. Remaining Contractual Life (yrs) | 1 year 9 months 15 days |
Options Outstanding, Aggregate Intrinsic Value | $ | $ 71 |
Options Exercisable, number of awards | shares | 5,640 |
Options Exercisable, WAEP | $ 8.91 |
Options Exercisable, Aggregate Intrinsic Value | $ | $ 71 |
Employee Stock Option and Stock Appreciation Rights (SARs) [Member] | 10.01 to 17.50 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Options Outstanding, number of awards | shares | 166,717 |
Options Outstanding, WAEP | $ 12.01 |
Options Outstanding, Wted. Avg. Remaining Contractual Life (yrs) | 8 years 26 days |
Options Outstanding, Aggregate Intrinsic Value | $ | $ 1,589 |
Options Exercisable, number of awards | shares | 33,343 |
Options Exercisable, WAEP | $ 12.01 |
Options Exercisable, Aggregate Intrinsic Value | $ | $ 318 |
Employee Stock Option and Stock Appreciation Rights (SARs) [Member] | 17.51 to 20.00 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Options Outstanding, number of awards | shares | 15,100 |
Options Outstanding, WAEP | $ 17.81 |
Options Outstanding, Wted. Avg. Remaining Contractual Life (yrs) | 1 year 3 months 11 days |
Options Outstanding, Aggregate Intrinsic Value | $ | $ 57 |
Options Exercisable, number of awards | shares | 15,100 |
Options Exercisable, WAEP | $ 17.81 |
Options Exercisable, Aggregate Intrinsic Value | $ | $ 57 |
Employee Stock Option and Stock Appreciation Rights (SARs) [Member] | 20.01 to 25.93 [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Options Outstanding, number of awards | shares | 111,015 |
Options Outstanding, WAEP | $ 25.99 |
Options Outstanding, Wted. Avg. Remaining Contractual Life (yrs) | 8 years 1 month 21 days |
Options Outstanding, Aggregate Intrinsic Value | $ | $ 0 |
Options Exercisable, number of awards | shares | 23,400 |
Options Exercisable, WAEP | $ 25.93 |
Options Exercisable, Aggregate Intrinsic Value | $ | $ 0 |
Share Based Compensation Schedu
Share Based Compensation Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) | 3 Months Ended |
Mar. 31, 2017 | |
5 Year Vesting Stock Appreciation Rights [Member] | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Line Items] | |
Risk-free interest rate | 2.16% |
Expected dividend yield | 1.45% |
Expected common stock volatility | 60.05% |
Expected life | 6 years 6 months |
7 Year Vesting Stock Appreciation Rights [Member] | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Line Items] | |
Risk-free interest rate | 2.24% |
Expected dividend yield | 1.45% |
Expected common stock volatility | 59.60% |
Expected life | 7 years |
Commitments And Contingencies86
Commitments And Contingencies (Details) $ in Thousands | Mar. 31, 2017USD ($) |
Loss Contingencies [Line Items] | |
Total unfunded commitments | $ 227,241 |
Revolving Home Equity And Credit Card Lines [Member] | |
Loss Contingencies [Line Items] | |
Total unfunded commitments | 64,262 |
Construction [Member] | |
Loss Contingencies [Line Items] | |
Total unfunded commitments | 46,643 |
Other Loans [Member] | |
Loss Contingencies [Line Items] | |
Total unfunded commitments | 113,035 |
Standby Letters Of Credit [Member] | |
Loss Contingencies [Line Items] | |
Total unfunded commitments | $ 3,301 |
Commitments And Contingencies C
Commitments And Contingencies Commitments And Contingencies (Narrative) (Details) $ in Thousands | Apr. 24, 2017USD ($) |
ResCap Litigation [Member] | |
Subsequent Event [Line Items] | |
Litigation Settlement, Amount | $ 9,900 |
Common Stock Issuances (Details
Common Stock Issuances (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Subsidiary or Equity Method Investee [Line Items] | |||
Number of common shares issued | 10,887,105 | 10,854,809 | 10,883,509 |
Gross proceeds associated with sale | $ 35 | $ 20 |
Regulatory Matters (Summary Of
Regulatory Matters (Summary Of Actual Capital Amounts And Ratios) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Summit [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
CET1 (to risk weighted assets), Actual Amount | $ 143,684 | $ 146,494 |
CET1 (to risk weighted assets), Actual Ratio | 10.30% | 10.50% |
CET1 (to risk weighted assets), Minimum Required Capital, Amount | $ 97,649 | $ 97,663 |
CET1 (to risk weighted assets), Minimum Required Capital, Ratio | 7.00% | 7.00% |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 90,674 | $ 90,687 |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 6.50% | 6.50% |
Tier I Capital (to risk weighted assets), Actual Amount | $ 160,888 | $ 164,357 |
Tier I Capital (to risk weighted assets), Actual Ratio | 11.50% | 11.80% |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 118,917 | $ 118,393 |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Ratio | 8.50% | 8.50% |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 111,922 | $ 111,428 |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 8.00% | 8.00% |
Total Capital (to risk weighted assets), Actual Amount | $ 172,606 | $ 176,031 |
Total Capital (to risk weighted assets), Actual Ratio | 12.30% | 12.60% |
Total Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 147,347 | $ 122,734 |
Total Capital (to risk weighted assets), Minimum Required Capital, Ratio | 10.50% | 10.50% |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 140,330 | $ 139,707 |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 10.00% | 10.00% |
Tier I Capital (to average assets), Actual Amount | $ 160,888 | $ 164,357 |
Tier I Capital (to average assets), Actual Ratio | 9.40% | 9.40% |
Tier I Capital (to average assets), Minimum Required Capital, Amount | $ 68,463 | $ 69,939 |
Tier I Capital (to average assets), Minimum Required Capital, Ratio | 4.00% | 4.00% |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Amount | $ 85,579 | $ 87,424 |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Ratio | 5.00% | 5.00% |
Summit Community [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
CET1 (to risk weighted assets), Actual Amount | $ 161,572 | $ 165,747 |
CET1 (to risk weighted assets), Actual Ratio | 11.60% | 11.90% |
CET1 (to risk weighted assets), Minimum Required Capital, Amount | $ 97,500 | $ 97,498 |
CET1 (to risk weighted assets), Minimum Required Capital, Ratio | 7.00% | 7.00% |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 90,536 | $ 90,534 |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 6.50% | 6.50% |
Tier I Capital (to risk weighted assets), Actual Amount | $ 161,572 | $ 165,747 |
Tier I Capital (to risk weighted assets), Actual Ratio | 11.60% | 11.90% |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 118,393 | $ 118,391 |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Ratio | 8.50% | 8.50% |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 111,429 | $ 111,427 |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 8.00% | 8.00% |
Total Capital (to risk weighted assets), Actual Amount | $ 173,290 | $ 177,421 |
Total Capital (to risk weighted assets), Actual Ratio | 12.40% | 12.70% |
Total Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 146,738 | $ 146,687 |
Total Capital (to risk weighted assets), Minimum Required Capital, Ratio | 10.50% | 10.50% |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 139,750 | $ 139,702 |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 10.00% | 10.00% |
Tier I Capital (to average assets), Actual Amount | $ 161,572 | $ 165,747 |
Tier I Capital (to average assets), Actual Ratio | 9.40% | 9.50% |
Tier I Capital (to average assets), Minimum Required Capital, Amount | $ 68,754 | $ 69,788 |
Tier I Capital (to average assets), Minimum Required Capital, Ratio | 4.00% | 4.00% |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Amount | $ 85,943 | $ 87,235 |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Ratio | 5.00% | 5.00% |
Segment Information (Narrative)
Segment Information (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2017segmentoffice | |
Segment Reporting Information [Line Items] | |
Number of business segments | segment | 2 |
Insurance and Financial Services Segment [Member] | |
Segment Reporting Information [Line Items] | |
Number of insurance agency offices | office | 3 |
Segment Information (Schedule O
Segment Information (Schedule Of Segment Information) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Segment Reporting Information [Line Items] | ||
Net interest income | $ 13,630 | $ 11,779 |
Provision for loan losses | 250 | 250 |
Net interest income after provision for loan losses | 13,380 | 11,529 |
Other income | 2,579 | 2,806 |
Other expenses | 19,016 | 8,554 |
Income (loss) before income tax expense (benefit) | (3,057) | 5,781 |
Income tax expense (benefit) | (1,441) | 1,719 |
Net income (loss) | (1,616) | 4,062 |
Net income (loss) applicable to common shares | (1,616) | 4,062 |
Inter-segment revenue (expense) | 0 | 0 |
Average assets | 1,729,635 | 1,505,114 |
Capital Expenditures | 2,995 | 312 |
Community Banking [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income | 13,795 | 11,938 |
Provision for loan losses | 250 | 250 |
Net interest income after provision for loan losses | 13,545 | 11,688 |
Other income | 1,507 | 1,757 |
Other expenses | 18,104 | 7,274 |
Income (loss) before income tax expense (benefit) | (3,052) | 6,171 |
Income tax expense (benefit) | (1,450) | 1,843 |
Net income (loss) | (1,602) | 4,328 |
Inter-segment revenue (expense) | (451) | (361) |
Average assets | 1,750,059 | 1,526,926 |
Capital Expenditures | 2,992 | 221 |
Insurance & Financial Services [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income | 0 | 0 |
Provision for loan losses | 0 | 0 |
Net interest income after provision for loan losses | 0 | 0 |
Other income | 1,072 | 1,049 |
Other expenses | 981 | 1,055 |
Income (loss) before income tax expense (benefit) | 91 | (6) |
Income tax expense (benefit) | 41 | (2) |
Net income (loss) | 50 | (4) |
Inter-segment revenue (expense) | (40) | (28) |
Average assets | 6,174 | 5,866 |
Capital Expenditures | 3 | 0 |
Parent [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income | (165) | (159) |
Provision for loan losses | 0 | 0 |
Net interest income after provision for loan losses | (165) | (159) |
Other income | 491 | 389 |
Other expenses | 422 | 614 |
Income (loss) before income tax expense (benefit) | (96) | (384) |
Income tax expense (benefit) | (32) | (122) |
Net income (loss) | (64) | (262) |
Inter-segment revenue (expense) | 491 | 389 |
Average assets | 180,393 | 171,028 |
Capital Expenditures | 0 | 91 |
Intersegment Elimination [Member] | ||
Segment Reporting Information [Line Items] | ||
Net interest income | 0 | 0 |
Provision for loan losses | 0 | 0 |
Net interest income after provision for loan losses | 0 | 0 |
Other income | (491) | (389) |
Other expenses | (491) | (389) |
Income (loss) before income tax expense (benefit) | 0 | 0 |
Income tax expense (benefit) | 0 | 0 |
Net income (loss) | 0 | 0 |
Inter-segment revenue (expense) | 0 | 0 |
Average assets | (206,991) | (198,706) |
Capital Expenditures | $ 0 | $ 0 |
Derivative Financial Instrume92
Derivative Financial Instruments (Narrative) (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2017USD ($)contract | |
Derivative [Line Items] | |
Number of forward-starting, pay-fixed/receive LIBOR interest rate swaps | contract | 3 |
Forward Contract effective July 18 2016 [Member] | |
Derivative [Line Items] | |
Notional Amount | $ 40,000 |
Notional Amount | $ 40,000 |
Derivative, swaption interest rate | 2.98% |
Derivative, term of contract | 3 years |
Forward Contract effective April 18 2016 [Member] | |
Derivative [Line Items] | |
Notional Amount | $ 30,000 |
Notional Amount | $ 30,000 |
Derivative, swaption interest rate | 2.89% |
Derivative, term of contract | 4 years 6 months |
Forward Contract effective October 18 2016 [Member] | |
Derivative [Line Items] | |
Notional Amount | $ 40,000 |
Notional Amount | $ 40,000 |
Derivative, swaption interest rate | 2.841% |
Derivative, term of contract | 3 years |
Fair Value Hedging [Member] | |
Derivative [Line Items] | |
Number of forward-starting, pay-fixed/receive LIBOR interest rate swaps | contract | 2 |
Fair Value Hedging [Member] | Commercial Real Estate [Member] | Interest Rate Swap effective January 15 2015 [Member] | |
Derivative [Line Items] | |
Notional Amount | $ 9,950 |
Derivative, swaption interest rate | 4.33% |
Derivative, term of contract | 10 years |
Fair Value Hedging [Member] | Commercial Real Estate [Member] | Interest Rate Swap effective December 18 2015 [Member] | |
Derivative [Line Items] | |
Notional Amount | $ 11,300 |
Derivative, swaption interest rate | 4.30% |
Derivative, term of contract | 10 years |
Derivative Financial Instrume93
Derivative Financial Instruments (Details) - Interest Rate Swap [Member] - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Short-term Debt [Member] | Cash Flow Hedges [Member] | ||
Derivative [Line Items] | ||
Notional Amount | $ 110,000 | $ 110,000 |
Derivative Fair Value, Asset | 0 | 0 |
Derivative Fair Value, Liability | 3,823 | 4,611 |
Net Ineffectiveness Hedge Gains/(Losses) | 0 | 0 |
Commercial Real Estate [Member] | Fair Value Hedges [Member] | ||
Derivative [Line Items] | ||
Notional Amount | 20,374 | 20,507 |
Derivative Fair Value, Asset | 257 | 200 |
Derivative Fair Value, Liability | 0 | 0 |
Net Ineffectiveness Hedge Gains/(Losses) | $ 0 | $ 0 |
Employee Stock Ownership Plan E
Employee Stock Ownership Plan Employee Stock Ownership Plan (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items] | |||
Stock Issued During Period, Shares, Employee Stock Ownership Plan | 9,911 | 8,893 | |
Stock Issued During Period, Value, Employee Stock Ownership Plan | $ 239 | $ 115 | |
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 136,628 | 172,929 | 146,539 |
Employee Stock Ownership Plan95
Employee Stock Ownership Plan Employee Stock Ownership Plan (Details) - shares | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 |
Employee Stock Ownership Plan [Abstract] | |||
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 136,628 | 146,539 | 172,929 |
Acquisitions Acquisitions (Nar
Acquisitions Acquisitions (Narrative)(Details) - USD ($) | Apr. 01, 2017 | Oct. 01, 2016 | Mar. 31, 2017 | Dec. 31, 2016 | [1] | Sep. 30, 2016 | Mar. 31, 2016 |
Business Acquisition [Line Items] | |||||||
Business Acquisition, Transaction Costs | $ 109,000 | $ 112,000 | |||||
Assets | 1,776,442,000 | $ 1,758,647,000 | 1,508,568,000 | ||||
Liabilities | 1,622,823,000 | $ 1,603,287,000 | $ 1,362,449,000 | ||||
HIghland County Bankshares Inc and Subsidiary First and Citizens Bank [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | ||||||
Business Combination, Consideration Transferred | $ 21,800,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $ 123,000,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 107,000,000 | ||||||
First Century Bankshares, Inc [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Business Acquisition, Transaction Costs | 661,000 | ||||||
Business Acquisition, Share Price, Number Of Shares | 1,537,912 | ||||||
Business Combination, Consideration Transferred | $ 15,000,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 405,000,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 361,000,000 | ||||||
[1] | December 31, 2016 financial information has been extracted from audited consolidated financial statements |
Acquisitions Pro Forma Financia
Acquisitions Pro Forma Financial Information of Combined Entities (Details) - Highland County Bankshares Inc and First Century Bankshares Inc [Member] - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Business Acquisition [Line Items] | ||
Total revenues, net of interest expense | $ 21,546 | $ 20,505 |
Net income | $ (693) | $ 5,254 |
Diluted earnings per share (in USD per share) | $ (0.06) | $ 0.43 |
Accumulated Other Comprehensi98
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | ||||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | Dec. 31, 2015 | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Accumulated other comprehensive loss | $ (2,575) | $ (1,261) | $ (3,262) | [1] | $ (456) |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 650 | (557) | |||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 37 | (248) | |||
Other Comprehensive Income (Loss), Net of Tax | 687 | (805) | |||
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Accumulated other comprehensive loss | (2,409) | (4,657) | (2,906) | (3,195) | |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 497 | (1,462) | |||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | 0 | |||
Other Comprehensive Income (Loss), Net of Tax | 497 | (1,462) | |||
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | |||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||
Accumulated other comprehensive loss | (166) | 3,396 | $ (356) | $ 2,739 | |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 153 | 905 | |||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 37 | (248) | |||
Other Comprehensive Income (Loss), Net of Tax | $ 190 | $ 657 | |||
[1] | December 31, 2016 financial information has been extracted from audited consolidated financial statements |