Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Oct. 31, 2018 | |
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 | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Common Stock, Shares Outstanding | 12,474,062 |
Consolidated Balance Sheets (un
Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | [1] |
ASSETS | |||
Cash and due from banks | $ 9,382 | $ 9,641 | |
Interest bearing deposits with other banks | 44,452 | 42,990 | |
Cash and cash equivalents | 53,834 | 52,631 | |
Securities available for sale | 288,040 | 328,723 | |
Other investments | 14,232 | 14,934 | |
Loans held for sale | 348 | 0 | |
Loans, net | 1,632,747 | 1,593,744 | |
Property held for sale | 22,017 | 21,470 | |
Premises and equipment, net | 36,888 | 34,209 | |
Accrued interest receivable | 8,630 | 8,329 | |
Goodwill and other intangible assets | 26,252 | 27,513 | |
Cash surrender value of life insurance policies | 42,208 | 41,358 | |
Other assets | 13,531 | 11,329 | |
Total assets | 2,138,727 | 2,134,240 | |
Deposits | |||
Non interest bearing | 232,697 | 217,493 | |
Interest bearing | 1,418,367 | 1,383,108 | |
Total deposits | 1,651,064 | 1,600,601 | |
Short-term borrowings | 238,403 | 250,499 | |
Long-term borrowings | 739 | 45,751 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | |
Other liabilities | 15,376 | 16,295 | |
Total liabilities | 1,925,171 | 1,932,735 | |
Commitments and Contingencies | |||
Shareholders' Equity | |||
Preferred Stock, Value, Issued | 0 | 0 | |
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2018 - 12,474,062 shares and 2017 - 12,465,296 shares; outstanding: 2018 - 12,382,450 shares and 2017 - 12,358,562 | 81,822 | 81,098 | |
Unallocated common stock held by Employee Stock Ownership Plan - 2018 - 91,612 shares and 2017 - 106,734 shares | (989) | (1,152) | |
Retained earnings | 135,628 | 119,827 | |
Accumulated other comprehensive (loss) income | (2,905) | 1,732 | |
Total shareholders' equity | 213,556 | 201,505 | |
Total liabilities and shareholders' equity | $ 2,138,727 | $ 2,134,240 | |
[1] | Derived from audited consolidated financial statements |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares | Sep. 30, 2018 | Dec. 31, 2017 |
Common stock, par value (in dollars per share) | $ 2.50 | $ 2.50 |
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares issued | 12,474,062 | 12,465,296 |
Common stock, shares outstanding | 12,382,450 | 12,358,562 |
Preferred Stock, Par or Stated Value Per Share | $ 1 | $ 1 |
Preferred Stock, Shares Authorized | 250,000 | 250,000 |
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 91,612 | 106,734 |
Consolidated Statements of Inco
Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Interest and fees on loans | ||||
Taxable | $ 21,154 | $ 19,387 | $ 62,196 | $ 54,487 |
Tax-exempt | 141 | 103 | 428 | 391 |
Interest and dividends on securities | ||||
Taxable | 1,227 | 1,283 | 3,838 | 3,742 |
Tax-exempt | 1,140 | 1,114 | 3,222 | 2,855 |
Interest on interest bearing deposits with other banks | 138 | 149 | 412 | 466 |
Total interest income | 23,800 | 22,036 | 70,096 | 61,941 |
Interest expense | ||||
Interest on deposits | 4,714 | 2,963 | 12,572 | 7,987 |
Interest on short-term borrowings | 1,437 | 1,160 | 4,084 | 3,233 |
Interest on long-term borrowings and subordinated debentures | 436 | 681 | 1,695 | 2,012 |
Total interest expense | 6,587 | 4,804 | 18,351 | 13,232 |
Net interest income | 17,213 | 17,232 | 51,745 | 48,709 |
Provision for loan losses | 500 | 375 | 1,750 | 875 |
Net interest income after provision for loan losses | 16,713 | 16,857 | 49,995 | 47,834 |
Noninterest income | ||||
Insurance commissions | 1,062 | 1,043 | 3,188 | 3,000 |
Realized securities gains, net | 8 | 26 | 828 | 58 |
Bank owned life insurance income | 250 | 255 | 773 | 758 |
Other | 196 | 187 | 656 | 531 |
Total noninterest income | 4,211 | 4,000 | 13,235 | 10,496 |
Noninterest expenses | ||||
Salaries, commissions and employee benefits | 6,806 | 6,610 | 20,550 | 18,555 |
Net occupancy expense | 856 | 847 | 2,528 | 2,239 |
Equipment expense | 1,118 | 1,093 | 3,271 | 2,859 |
Professional fees | 503 | 373 | 1,222 | 1,012 |
Marketing and Advertising Expense | 170 | 137 | 461 | 393 |
Amortization of intangibles | 413 | 448 | 1,261 | 974 |
FDIC premiums | 210 | 310 | 690 | 815 |
Bank card expense | 384 | 395 | 1,080 | 1,113 |
Foreclosed properties expense, net of losses | 169 | 233 | 843 | 824 |
Business Combination, Acquisition Related Costs | 86 | 11 | 86 | 1,575 |
Write-downs of foreclosed properties | 458 | 538 | ||
Litigation Settlement | 0 | 0 | 0 | 9,900 |
Other | 1,643 | 1,990 | 5,415 | 5,140 |
Total noninterest expenses | 12,358 | 12,447 | 37,407 | 45,399 |
Income before income tax expense | 8,566 | 8,410 | 25,823 | 12,931 |
Income tax expense | 1,667 | 2,480 | 5,201 | 3,339 |
Net income | $ 6,899 | $ 5,930 | $ 20,622 | $ 9,592 |
Basic earnings per common share | $ 0.56 | $ 0.48 | $ 1.67 | $ 0.81 |
Diluted earnings per common share | $ 0.55 | $ 0.48 | $ 1.66 | $ 0.81 |
Fiduciary and Trust [Member] | ||||
Noninterest income | ||||
Revenue from Contract with Customer, Including Assessed Tax | $ 687 | $ 589 | $ 2,026 | $ 1,284 |
Deposit Account [Member] | ||||
Noninterest income | ||||
Revenue from Contract with Customer, Including Assessed Tax | 1,215 | 1,162 | 3,421 | 2,910 |
Credit and Debit Card [Member] | ||||
Noninterest income | ||||
Revenue from Contract with Customer, Including Assessed Tax | $ 793 | $ 738 | $ 2,343 | $ 1,955 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 6,899 | $ 5,930 | $ 20,622 | $ 9,592 |
Other comprehensive (loss) income: | ||||
Net unrealized gain (loss) on cashflow hedge | 255 | 313 | 1,347 | 980 |
Net unrealized gain (loss) on available for sale debt securities | (2,174) | 383 | (5,984) | 2,452 |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax | 0 | 219 | ||
Other Comprehensive Income (Loss), Net of Tax | (1,919) | 696 | (4,637) | 3,651 |
Total comprehensive income | $ 4,980 | $ 6,626 | $ 15,985 | $ 13,243 |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Statement of Comprehensive Income [Abstract] | ||||
Net unrealized gain (loss) on cashflow hedge | $ 336 | $ 497 | $ 1,772 | $ 1,556 |
Net unrealized gain (loss) on cashflow hedge, deferred tax | 81 | 184 | 425 | 576 |
Net unrealized gain (loss) on available for sale debt securities | (2,861) | 608 | (7,873) | 3,892 |
Net unrealized gain (loss) on available for sale debt securities, deferred taxes | (687) | 225 | (1,889) | 1,440 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | 8 | 26 | 828 | 58 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | 2 | 10 | 199 | 21 |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax | 0 | 0 | 0 | 348 |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, Tax | $ 0 | $ 0 | $ 0 | $ 129 |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity (unaudited) - USD ($) $ in Thousands | Total | Common Stock and Related Surplus [Member] | Unearned ESOP Shares [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income [Member] | |
Beginning Balance at Dec. 31, 2016 | $ 155,360 | $ 46,757 | $ (1,583) | $ 113,448 | $ (3,262) | |
Comprehensive income: | ||||||
Net income | 9,592 | 9,592 | ||||
Other comprehensive income | 3,651 | 3,651 | ||||
Stock Issued During Period, Value, Stock Options Exercised | 12 | 12 | ||||
Share-based compensation expense | 285 | 285 | ||||
Stock Issued During Period, Value, Employee Stock Ownership Plan | 681 | 358 | 323 | |||
Stock Issued During Period, Value, Acquisitions | 32,968 | 32,968 | ||||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 116 | 116 | ||||
Common stock cash dividends declared | (3,883) | (3,883) | ||||
Ending Balance at Sep. 30, 2017 | 198,782 | 80,496 | (1,260) | 119,157 | 389 | |
Beginning Balance at Dec. 31, 2017 | 201,505 | [1] | 81,098 | (1,152) | 119,827 | 1,732 |
Comprehensive income: | ||||||
Net income | 20,622 | 20,622 | ||||
Other comprehensive income | (4,637) | (4,637) | ||||
Stock Issued During Period, Value, Stock Options Exercised | 29 | 29 | ||||
Share-based compensation expense | 292 | 292 | ||||
Stock Issued During Period, Value, Employee Stock Ownership Plan | 387 | 224 | 163 | |||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 179 | 179 | ||||
Common stock cash dividends declared | (4,821) | (4,821) | ||||
Ending Balance at Sep. 30, 2018 | $ 213,556 | $ 81,822 | $ (989) | $ 135,628 | $ (2,905) | |
[1] | Derived from audited consolidated financial statements |
Consolidated Statements of Sh_2
Consolidated Statements of Shareholders' Equity (unaudited) (Parenthetical) - $ / shares | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Common stock, dividends per share | $ 0.39 | $ 0.33 |
Stock Issued During Period, Shares, Employee Stock Ownership Plan | 15,122 | 29,920 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 1,600 | 2,000 |
Common stock issuances from reinvested dividends, number of shares | 7,166 | 4,921 |
Stock Issued During Period, Shares, Acquisitions | 0 | 1,537,912 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | ||
Cash Flows from Operating Activities | |||
Net income | $ 20,622 | $ 9,592 | |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation | 1,609 | 1,364 | |
Provision for loan losses | 1,750 | 875 | |
Share-based compensation expense | 292 | 285 | |
Deferred income tax benefit | (164) | (364) | |
Loans originated for sale | (11,197) | (11,305) | |
Proceeds from sale of loans | 11,057 | 11,492 | |
Gain (Loss) on Sales of Loans, Net | (208) | (231) | |
Realized securities gains, net | (828) | (58) | |
Loss (gain) on disposal of assets | 2 | (93) | |
Write-downs of foreclosed properties | 458 | 538 | |
Amortization of securities premiums, net | 2,698 | 3,125 | |
Amortization (accretion) related to acquisitions, net | (393) | (870) | |
Amortization of intangibles | 1,261 | 974 | |
Earnings on cash surrender value of bank owned life insurance | (850) | (425) | |
Increase in accrued interest receivable | (301) | (752) | |
Decrease in other assets | 115 | 1,808 | |
Increase (decrease) in other liabilities | 2,172 | (221) | |
Net cash provided by operating activities | 28,095 | 15,734 | |
Cash Flows from Investing Activities | |||
Proceeds from maturities and calls of securities available for sale | 1,050 | 2,610 | |
Proceeds from sales of securities available for sale | 92,048 | 131,345 | |
Principal payments received on securities available for sale | 19,770 | 24,349 | |
Purchases of securities available for sale | (81,929) | (118,346) | |
Purchases of other investments | (9,922) | (13,116) | |
Proceeds from redemptions of other investments | 9,665 | 13,274 | |
Net loan originations | (42,807) | (26,099) | |
Purchases of premises and equipment | (4,288) | (5,672) | |
Proceeds from Sale of Property, Plant, and Equipment | 12 | 0 | |
Improvements to property held for sale | (1,118) | (269) | |
Proceeds from sales of repossessed assets & property held for sale | 1,723 | 4,463 | |
Cash Acquired from Acquisition | 0 | 39,053 | |
Net cash (used in) provided by investing activities | (15,796) | 51,592 | |
Cash Flows from Financing Activities | |||
Net increase (decrease) in demand deposit, NOW and savings accounts | 53,110 | (9,812) | |
Net decrease in time deposits | (2,485) | (19,305) | |
Net decrease in short-term borrowings | (12,096) | (28,782) | |
Repayment of long-term borrowings | (45,012) | (915) | |
Net proceeds from issuance of common stock | 179 | (43) | |
Proceeds from Stock Options Exercised | 29 | 12 | |
Dividends paid on common stock | (4,821) | (3,883) | |
Net cash used in financing activities | (11,096) | (62,728) | |
Increase in cash and cash equivalents | 1,203 | 4,598 | |
Cash and cash equivalents: | |||
Beginning | 52,631 | [1] | 46,616 |
Ending | 53,834 | 51,214 | |
Cash payments for: | |||
Interest | 18,199 | 13,055 | |
Income taxes | 5,674 | 3,557 | |
Supplemental Disclosures of Noncash Investing and Financing Activities | |||
Real property and other assets acquired in settlement of loans | $ 1,542 | $ 289 | |
[1] | Derived from audited consolidated financial statements |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (unaudited) Consolidated Statements of Cash Flows (Parenthetical) $ in Thousands | 9 Months Ended |
Sep. 30, 2017USD ($) | |
Statement of Cash Flows [Abstract] | |
Payments to Acquire Businesses, Gross | $ 14,989 |
Basis of Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2018 | |
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 three and nine months ended September 30, 2018 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 2017 audited financial statements and Annual Report on Form 10-K. |
Significant New Authoritative A
Significant New Authoritative Accounting Guidance | 9 Months Ended |
Sep. 30, 2018 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Significant New Authoritative Accounting Guidance | SIGNIFICANT NEW AUTHORITATIVE ACCOUNTING GUIDANCE Recently Adopted We adopted ASU 2014-09, Revenue from Contracts with Customers: Topic 606, and its related amendments on its required effective date of January 1, 2018 utilizing the modified retrospective approach. Since there was no net income impact upon adoption of the new guidance, a cumulative effect adjustment to opening retained earnings was not deemed necessary. We concluded that ASU 2014-09 did not materially change the method in which we currently recognize revenue for these revenue streams. We also completed our evaluation of certain costs related to these revenue streams to determine whether such costs should be presented as expenses or contra-revenue (i.e., gross vs. net). Based on our evaluation, we determined that any classification changes were immaterial to both revenue and expense. 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 was effective for us on January 1, 2018 and did not have a significant impact on our financial statements. In accordance with (iv) above, we measure the fair value of our loan portfolio using exit price notion (see Note 3. Fair Value Measurements). Pending Adoption In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . Among other things, in the amendments in ASU 2016-02, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) A lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) A right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The FASB made subsequent amendments to Topic 842 in July 2018 through ASU 2018-10 Codification Improvements to Topic 842, Leases. and ASU 2018-11 Leases (Topic 842): Targeted Improvements. Among these amendments is the provision in ASU 2018-11 that provides entities with an additional (and optional) transition method to adopt the new leases standard. Under this new transition method, an entity initially applies the new leases standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Consequently, an entity’s reporting for the comparative periods presented in the financial statements in which it adopts the new leases standard will continue to be in accordance with current GAAP (Topic 840, Leases ). While we are currently assessing the impact of the adoption of this pronouncement, we expect the primary impact to our consolidated financial position upon adoption will be the recognition, on a discounted basis, of our minimum commitments under non-cancellable operating leases on our consolidated balance sheets resulting in the recording of right of use assets and lease obligations. Our current minimum commitments under long-term operating leases are disclosed in Note 12, Commitments and Contingencies. During June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments . The amendments in this ASU, among other things, require 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. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The amendments in this ASU are effective for SEC filers for fiscal years and interim periods within those fiscal years, beginning after December 15, 2019. We will adopt the guidance by the first quarter of 2020 with a cumulative-effect adjustment to retained earnings as of the beginning of the year of adoption. In this regard, we have a cross-functional implementation team comprised of personnel from risk management, operations and information technology, loan administration and finance and engaged a third-party to assist us. The team has developed a project plan, identified key decision points and prepared a readiness assessment and gap analysis relative to required data which serves to direct our areas of focus. In addition, we have collected applicable historical data and made preliminary decisions regarding methodology and loan pool structures. We will continue to evaluate the impact the new standard will have on our consolidated financial statements as the final impact will be dependent, among other items, upon the loan portfolio composition and credit quality at the adoption date, as well as economic conditions, financial models used and forecasts at that time. In March of 2017, the FASB issued ASU No. 2017-08, Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities . This guidance shortens the amortization period for premiums on certain callable debt securities to the earliest call date (with an explicit, noncontingent call feature that is callable at a fixed price and on a preset date), rather than contractual maturity date as currently required under GAAP. The ASU does not impact instruments without preset call dates such as mortgage-backed securities. For instruments with contingent call features, once the contingency is resolved and the security is callable at a fixed price and preset date, the security is within the scope of the ASU. ASU 2017-08 is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, and early adoption is permitted. The adoption of the new pronouncement will not have a significant impact on our consolidated financial statements. In August 2017, the FASB issued ASU No. 2017-12, Targeted Improvements to Accounting for Hedging Activities which will make more financial and nonfinancial hedging strategies eligible for hedge accounting. It also amends the presentation and disclosure requirements and changes how companies assess effectiveness. It is intended to more closely align hedge accounting with companies’ risk management strategies, simplify the application of hedge accounting, and increase transparency as to the scope and results of hedging programs. The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted, including adoption in an interim period. We do not expect it to have a material impact on our consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement . The amendments modify the disclosure requirements in Topic 820 to add disclosures regarding changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty. Certain disclosure requirements in Topic 820 are also removed or modified. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Certain of the amendments are to be applied prospectively while others are to be applied retrospectively. Early adoption is permitted. We do not expect the adoption of ASU 2018-13 to have a material impact on our consolidated financial statements. |
Fair Value Measurements
Fair Value Measurements | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | FAIR VALUE MEASUREMENTS 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 September 30, 2018 Level 1 Level 2 Level 3 Securities available for sale U.S. Government sponsored agencies $ 27,279 $ — $ 27,279 $ — Mortgage backed securities: Government sponsored agencies 72,942 — 72,942 — Nongovernment sponsored entities 685 — 685 — State and political subdivisions 18,774 — 18,774 — Corporate debt securities 11,687 — 11,687 — Asset-backed securities 21,792 — 21,792 — Other equity securities 137 — 137 — Tax-exempt state and political subdivisions 134,744 — 134,744 — Total securities available for sale $ 288,040 $ — $ 288,040 $ — Derivative financial assets Interest rate swaps $ 1,063 $ — $ 1,063 $ — Derivative financial liabilities Interest rate swaps $ 284 $ — $ 284 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2017 Level 1 Level 2 Level 3 Securities available for sale U.S. Government sponsored agencies $ 31,613 $ — $ 31,613 $ — Mortgage backed securities: Government sponsored agencies 121,321 — 121,321 — Nongovernment sponsored entities 2,077 — 2,077 — State and political subdivisions 17,677 — 17,677 — Corporate debt securities 16,245 — 16,245 — Other equity securities 137 — 137 — Tax-exempt state and political subdivisions 139,653 — 139,653 — Total securities available for sale $ 328,723 $ — $ 328,723 $ — Derivative financial assets Interest rate swaps $ 312 $ — $ 312 $ — Derivative financial liabilities Interest rate swaps $ 2,057 $ — $ 2,057 $ — 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 September 30, 2018 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 348 $ — $ 348 $ — Collateral-dependent impaired loans Commercial $ 57 $ — $ 8 $ 49 Commercial real estate 437 $ — 437 — Construction and development 297 $ — 297 — Residential real estate 721 — 721 — Total collateral-dependent impaired loans $ 1,512 $ — $ 1,463 $ 49 Property held for sale Commercial real estate $ 1,677 $ — $ 1,677 $ — Construction and development 16,526 — 16,526 — Residential real estate 403 — 403 — Total property held for sale $ 18,606 $ — $ 18,606 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2017 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ — $ — $ — $ — Collateral-dependent impaired loans Commercial real estate $ 518 $ — $ 518 $ — Construction and development 940 — 940 — Residential real estate 203 — 203 — Total collateral-dependent impaired loans $ 1,661 $ — $ 1,661 $ — Property held for sale Commercial real estate $ 1,493 $ — $ 1,493 $ — Construction and development 16,177 — 16,177 — Residential real estate 322 — 322 — Total property held for sale $ 17,992 $ — $ 17,992 $ — The carrying values and estimated fair values of our financial instruments are summarized below: September 30, 2018 Fair Value Measurements Using: Dollars in thousands Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 53,834 $ 53,834 $ — $ 53,834 $ — Securities available for sale 288,040 288,040 — 288,040 — Other investments 14,232 14,232 — 14,232 — Loans held for sale, net 348 348 — 348 — Loans, net 1,632,747 1,610,856 — 1,463 1,609,393 Accrued interest receivable 8,630 8,630 — 8,630 — Derivative financial assets 1,063 1,063 — 1,063 — $ 1,998,894 $ 1,977,003 $ — $ 367,610 $ 1,609,393 Financial liabilities Deposits $ 1,651,064 $ 1,648,845 $ — $ 1,648,845 $ — Short-term borrowings 238,403 238,403 — 238,403 — Long-term borrowings 739 834 — 834 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 1,068 1,068 — 1,068 — Derivative financial liabilities 284 284 — 284 — $ 1,911,147 $ 1,909,023 $ — $ 1,909,023 $ — December 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 $ 52,631 $ 52,631 $ — $ 52,631 $ — Securities available for sale 328,723 328,723 — 328,723 — Other investments 14,934 14,934 — 14,934 — Loans held for sale, net — — — — — Loans, net 1,593,744 1,592,821 — 1,661 1,591,160 Accrued interest receivable 8,329 8,329 — 8,329 — Derivative financial assets 312 312 — 312 — $ 1,998,673 $ 1,997,750 $ — $ 406,590 $ 1,591,160 Financial liabilities Deposits $ 1,600,601 $ 1,620,033 $ — $ 1,620,033 $ — Short-term borrowings 250,499 250,499 — 250,499 — Long-term borrowings 45,751 46,530 — 46,530 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 987 987 — 987 — Derivative financial liabilities 2,057 2,057 — 2,057 — $ 1,919,484 $ 1,939,695 $ — $ 1,939,695 $ — |
Earnings Per Share
Earnings Per Share | 9 Months Ended |
Sep. 30, 2018 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | EARNINGS PER SHARE The computations of basic and diluted earnings per share follow: For the Three Months Ended September 30, 2018 2017 Dollars in thousands, except per share amounts Income (Numerator) Common Shares (Denominator) Per Share Income (Numerator) Common Shares (Denominator) Per Share Net income $ 6,899 $ 5,930 Basic earnings per share $ 6,899 12,374,350 $ 0.56 $ 5,930 12,299,987 $ 0.48 Effect of dilutive securities: Stock options 7,349 10,911 Stock appreciation rights (SARs) 57,352 8,061 Diluted earnings per share $ 6,899 12,439,051 $ 0.55 $ 5,930 12,318,959 $ 0.48 For the Nine Months Ended September 30, 2018 2017 Dollars in thousands, except per share amounts Income (Numerator) Common Shares (Denominator) Per Share Income (Numerator) Common Shares (Denominator) Per Share Net income $ 20,622 $ 9,592 Basic earnings per share $ 20,622 12,366,612 $ 1.67 $ 9,592 11,781,342 $ 0.81 Effect of dilutive securities: Stock options 7,561 11,336 Stock appreciation rights (SARs) 56,054 14,324 Diluted earnings per share $ 20,622 12,430,227 $ 1.66 $ 9,592 11,807,002 $ 0.81 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 three and nine months ended September 30, 2018 were 15,600 shares and for the three and nine months ended September 30, 2017 were 23,400 shares. Our anti-dilutive SARs for the three and nine months ended September 30, 2018 and September 30, 2017 were 87,615 . |
Securities
Securities | 9 Months Ended |
Sep. 30, 2018 | |
Debt Securities, Available-for-sale [Abstract] | |
Securities | SECURITIES The amortized cost, unrealized gains, unrealized losses and estimated fair values of securities at September 30, 2018 and December 31, 2017 are summarized as follows: September 30, 2018 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 27,504 $ 163 $ 388 $ 27,279 Residential mortgage-backed securities: Government-sponsored agencies 73,931 557 1,546 72,942 Nongovernment-sponsored entities 682 4 1 685 State and political subdivisions General obligations 6,084 — 266 5,818 Other revenues 13,462 — 506 12,956 Corporate debt securities 11,914 — 227 11,687 Asset-backed securities 21,861 10 79 21,792 Total taxable debt securities 155,438 734 3,013 153,159 Tax-exempt debt securities State and political subdivisions General obligations 72,299 239 1,200 71,338 Water and sewer revenues 18,921 75 214 18,782 Lease revenues 13,305 32 57 13,280 Electric revenues 4,170 15 63 4,122 Other revenues 27,828 27 633 27,222 Total tax-exempt debt securities 136,523 388 2,167 134,744 Equity securities 137 — — 137 Total securities available for sale $ 292,098 $ 1,122 $ 5,180 $ 288,040 December 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 $ 31,260 $ 498 $ 145 $ 31,613 Residential mortgage-backed securities: Government-sponsored agencies 120,948 1,276 903 121,321 Nongovernment-sponsored entities 2,045 39 7 2,077 State and political subdivisions General obligations 6,090 — 55 6,035 Other revenues 11,657 47 62 11,642 Corporate debt securities 16,375 — 130 16,245 Total taxable debt securities 188,375 1,860 1,302 188,933 Tax-exempt debt securities State and political subdivisions General obligations 65,560 1,530 198 66,892 Water and sewer revenues 23,108 566 3 23,671 Lease revenues 13,024 451 2 13,473 Electric revenues 6,205 128 — 6,333 Sales tax revenues 4,126 140 — 4,266 University revenues 5,272 38 9 5,301 Other revenues 19,101 616 — 19,717 Total tax-exempt debt securities 136,396 3,469 212 139,653 Equity securities 137 — — 137 Total securities available for sale $ 324,908 $ 5,329 $ 1,514 $ 328,723 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. September 30, 2018 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Texas $ 21,796 $ 65 $ 202 $ 21,659 California 18,021 39 438 17,622 Michigan 14,631 40 311 14,360 West Virginia 13,258 50 179 13,129 Illinois 11,014 72 234 10,852 Management performs pre-purchase and ongoing analysis to confirm that all investment securities meet applicable credit quality standards. The maturities, amortized cost and estimated fair values of securities at September 30, 2018 , are summarized as follows: Dollars in thousands Amortized Cost Estimated Fair Value Due in one year or less $ 26,929 $ 26,769 Due from one to five years 49,907 49,401 Due from five to ten years 47,782 46,343 Due after ten years 167,343 165,390 Equity securities 137 137 $ 292,098 $ 288,040 The proceeds from sales, calls and maturities of securities available for sale, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized, for the nine months ended September 30, 2018 and 2017 are as follows: Proceeds from Gross realized Dollars in thousands Sales Calls and Maturities Principal Payments Gains Losses For the Nine Months Ended 2018 Securities available for sale $ 92,048 $ 1,050 $ 19,770 $ 1,754 $ 926 2017 Securities available for sale $ 131,345 $ 2,610 $ 24,349 $ 416 $ 358 We held 153 available for sale securities having an unrealized loss at September 30, 2018 . 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 September 30, 2018 and December 31, 2017 . September 30, 2018 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 $ 17,532 $ (309 ) $ 3,166 $ (79 ) $ 20,698 $ (388 ) Residential mortgage-backed securities: Government-sponsored agencies 20,636 (586 ) 18,981 (960 ) 39,617 (1,546 ) Nongovernment-sponsored entities — — 501 (1 ) 501 (1 ) State and political subdivisions: General obligations 4,615 (227 ) 1,203 (39 ) 5,818 (266 ) Other revenues 8,339 (284 ) 4,617 (222 ) 12,956 (506 ) Corporate debt securities 984 (16 ) 4,574 (211 ) 5,558 (227 ) Asset-backed securities 16,308 (79 ) — — 16,308 (79 ) Tax-exempt debt securities State and political subdivisions: General obligations 42,996 (971 ) 5,002 (229 ) 47,998 (1,200 ) Water and sewer revenues 10,916 (214 ) — — 10,916 (214 ) Lease revenues 7,736 (57 ) — — 7,736 (57 ) Electric revenues 2,407 (63 ) — — 2,407 (63 ) Other revenues 20,865 (560 ) 1,667 (73 ) 22,532 (633 ) Total temporarily impaired securities 153,334 (3,366 ) 39,711 (1,814 ) 193,045 (5,180 ) Total $ 153,334 $ (3,366 ) $ 39,711 $ (1,814 ) $ 193,045 $ (5,180 ) December 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 $ 10,864 $ (91 ) $ 2,394 $ (54 ) $ 13,258 $ (145 ) Residential mortgage-backed securities: Government-sponsored agencies 32,156 (269 ) 22,584 (634 ) 54,740 (903 ) Nongovernment-sponsored entities 5 — 810 (7 ) 815 (7 ) State and political subdivisions: General obligations 6,035 (55 ) — — 6,035 (55 ) Other revenues 7,532 (62 ) — — 7,532 (62 ) Corporate debt securities 3,008 (39 ) 1,659 (91 ) 4,667 (130 ) Tax-exempt debt securities State and political subdivisions: General obligations 2,999 (20 ) 9,937 (178 ) 12,936 (198 ) Water and sewer revenues 282 (3 ) — — 282 (3 ) Lease revenues 569 (2 ) — — 569 (2 ) University revenues 1,749 (9 ) — — 1,749 (9 ) Total temporarily impaired securities 65,199 (550 ) 37,384 (964 ) 102,583 (1,514 ) Total $ 65,199 $ (550 ) $ 37,384 $ (964 ) $ 102,583 $ (1,514 ) |
Loans
Loans | 9 Months Ended |
Sep. 30, 2018 | |
Loans and Leases Receivable Disclosure [Abstract] | |
Loans | 90 days and Accruing Dollars in thousands 30-59 days 60-89 days > 90 days Total Current Commercial $ 550 $ 266 $ 391 $ 1,207 $ 166,765 $ — Commercial real estate Owner-occupied 612 — 2,326 2,938 269,537 1,991 Non-owner occupied 385 67 2,227 2,679 527,889 — Construction and development Land and land development 120 277 3,196 3,593 68,226 — Construction — — — — 25,703 — Residential mortgage Non-jumbo 4,854 1,397 4,685 10,936 329,847 68 Jumbo — — — — 72,327 — Home equity 95 — 92 187 81,831 — Mortgage warehouse lines — — — — 35,910 — Consumer 259 102 113 474 33,190 156 Other — — — — 12,452 — Total $ 6,875 $ 2,109 $ 13,030 $ 22,014 $ 1,623,677 $ 2,215 At December 31, 2017 Past Due > 90 days and Accruing Dollars in thousands 30-59 days 60-89 days > 90 days Total Current Commercial $ 488 $ 98 $ 229 $ 815 $ 189,166 $ — Commercial real estate Owner-occupied 626 162 507 1,295 248,907 — Non-owner occupied 369 150 2,065 2,584 482,318 237 Construction and development Land and land development 1,132 — 3,563 4,695 62,524 — Construction — — — — 33,412 — Residential mortgage Non-jumbo 4,220 2,379 4,451 11,050 343,051 — Jumbo — — — — 62,267 — Home equity 1,978 — 530 2,508 81,520 — Mortgage warehouse lines — — — — 30,757 — Consumer 417 196 167 780 35,422 37 Other — — — — 13,238 — Total $ 9,230 $ 2,985 $ 11,512 $ 23,727 $ 1,582,582 $ 274 Nonaccrual loans: The following table presents the nonaccrual loans included in the net balance of loans at September 30, 2018 and December 31, 2017 . September 30, December 31, Dollars in thousands 2018 2017 Commercial $ 801 $ 696 Commercial real estate Owner-occupied 551 726 Non-owner occupied 2,548 2,201 Construction and development Land & land development 3,200 3,569 Construction — — Residential mortgage Non-jumbo 7,371 6,944 Jumbo — — Home equity 204 712 Mortgage warehouse lines — — Consumer 80 201 Total $ 14,755 $ 15,049 Impaired loans: Impaired loans include the following: ▪ Loans which we risk-rate (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 accounting principles generally accepted in the United States 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 September 30, 2018 and December 31, 2017 . September 30, 2018 Dollars in thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Impaired Balance Interest Income Recognized while impaired Without a related allowance Commercial $ 4,400 $ 4,400 $ — $ 438 $ 12 Commercial real estate Owner-occupied 9,007 9,012 — 7,630 308 Non-owner occupied 9,106 9,108 — 9,175 487 Construction and development Land & land development 4,128 4,128 — 4,291 63 Construction — — — — — Residential real estate Non-jumbo 4,448 4,458 — 3,572 161 Jumbo 3,480 3,479 — 3,504 167 Home equity 523 523 — 523 30 Mortgage warehouse lines — — — — — Consumer 11 11 — 13 1 Total without a related allowance $ 35,103 $ 35,119 $ — $ 29,146 $ 1,229 With a related allowance Commercial $ 83 $ 83 $ 26 $ 72 $ — Commercial real estate Owner-occupied 2,369 2,369 271 2,392 117 Non-owner occupied 708 714 88 749 17 Construction and development Land & land development 1,756 1,756 772 1,773 98 Construction — — — — — Residential real estate Non-jumbo 2,932 2,932 588 2,425 97 Jumbo 826 826 107 830 48 Home equity — — — — — Mortgage warehouse lines — — — — — Consumer — — — — — Total with a related allowance $ 8,674 $ 8,680 $ 1,852 $ 8,241 $ 377 Total Commercial $ 31,557 $ 31,570 $ 1,157 $ 26,520 $ 1,102 Residential real estate 12,209 12,218 695 10,854 503 Consumer 11 11 — 13 1 Total $ 43,777 $ 43,799 $ 1,852 $ 37,387 $ 1,606 The table above does not include PCI loans. December 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 $ 243 $ 243 $ — $ 259 $ 13 Commercial real estate Owner-occupied 7,109 7,111 — 5,149 265 Non-owner occupied 9,105 9,106 — 9,736 684 Construction and development Land & land development 5,018 5,018 — 4,743 329 Construction — — — — — Residential real estate Non-jumbo 4,190 4,199 — 4,214 240 Jumbo 3,555 3,554 — 3,592 228 Home equity 523 523 — 523 35 Mortgage warehouse lines — — — — — Consumer 17 17 — 28 3 Total without a related allowance $ 29,760 $ 29,771 $ — $ 28,244 $ 1,797 With a related allowance Commercial $ 252 $ 252 $ 252 $ 262 $ — Commercial real estate Owner-occupied 2,436 2,436 125 2,451 161 Non-owner occupied 1,338 1,344 517 676 43 Construction and development Land & land development 1,464 1,464 524 1,477 74 Construction — — — — — Residential real estate Non-jumbo 1,717 1,718 158 1,691 100 Jumbo 838 839 14 845 57 Home equity — — — — — Mortgage warehouse lines — — — — — Consumer — — — — — Total with a related allowance $ 8,045 $ 8,053 $ 1,590 $ 7,402 $ 435 Total Commercial $ 26,965 $ 26,974 $ 1,418 $ 24,753 $ 1,569 Residential real estate 10,823 10,833 172 10,865 660 Consumer 17 17 — 28 3 Total $ 37,805 $ 37,824 $ 1,590 $ 35,646 $ 2,232 The table above does not include PCI loans. Included in impaired loans are TDRs of $27.6 million , of which $27.4 million were current with respect to restructured contractual payments at September 30, 2018 , and $28.4 million , all of which were current with respect to restructured contractual payments at December 31, 2017 . There were no commitments to lend additional funds under these restructurings at either balance sheet date. The following tables present by class the TDRs that were restructured during the three and nine months ended September 30, 2018 and September 30, 2017 . 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 real estate Owner-occupied — $ — $ — 1 $ 2,302 $ 2,302 Non-owner occupied — — — 1 148 148 Construction and development Land & land development — — — 1 438 438 Residential real estate Non-jumbo 2 94 94 — — — Total 2 $ 94 $ 94 3 $ 2,888 $ 2,888 For the Nine Months Ended For the Nine 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 2 $ 157 $ 157 — $ — $ — Commercial real estate Owner-occupied — $ — $ — 1 2,302 2,302 Non-owner occupied — — — 1 148 148 Construction and development Land & land development — — — 1 438 438 Residential real estate Non-jumbo 8 899 899 5 1,086 1,086 Total 10 $ 1,056 $ 1,056 8 $ 3,974 $ 3,974 The following tables present 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 For the Three Months Ended Dollars in thousands Number of Defaults Recorded Investment at Default Date Number of Defaults Recorded Investment at Default Date Construction and development Land & land development — $ — 1 $ 437 Residential real estate Non-jumbo — — 4 1,104 Total — $ — 5 $ 1,541 For the Nine Months Ended For the Nine Months Ended Dollars in thousands Number of Defaults Recorded Investment at Default Date Number of Defaults Recorded Investment at Default Date Commercial 2 $ 157 — $ — Commercial real estate Non-owner occupied 1 341 — — Construction and development Land & land development — — 1 437 Residential real estate Non-jumbo 3 628 4 1,204 Total 6 $ 1,126 5 $ 1,641 The following tables detail the activity regarding TDRs by loan type, net of fees, for the three and nine months ended September 30, 2018 , and the related allowance on TDRs. For the Three Months Ended September 30, 2018 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 July 1, 2018 $ 2,948 $ — $ 293 $ 9,433 $ 5,306 $ 4,972 $ 4,339 $ 523 $ — $ 13 $ — $ 27,827 Additions — — — — — 94 — — — — — 94 Charge-offs — — — — — — — — — — — — Net (paydowns) advances (203 ) — (13 ) (48 ) (38 ) (31 ) (33 ) — — (2 ) — (368 ) Transfer into foreclosed properties — — — — — — — — — — — — Refinance out of TDR status — — — — — — — — — — — — Balance, September 30, 2018 $ 2,745 $ — $ 280 $ 9,385 $ 5,268 $ 5,035 $ 4,306 $ 523 $ — $ 11 $ — $ 27,553 Allowance related to troubled debt restructurings $ 772 $ — $ — $ 271 $ 12 $ 210 $ 107 $ — $ — $ — $ — $ 1,372 For the Nine Months Ended September 30, 2018 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, 2018 $ 3,043 $ — $ 412 $ 9,545 $ 5,234 $ 5,195 $ 4,393 $ 523 $ — $ 18 $ — $ 28,363 Additions — — 157 — — 899 — — — — — 1,056 Charge-offs — — — — — (55 ) — — — — — (55 ) Net (paydowns) advances (298 ) — (289 ) (160 ) 34 (1,004 ) (87 ) — — (7 ) — (1,811 ) Transfer into foreclosed properties — — — — — — — — — — — — Refinance out of TDR status — — — — — — — — — — — — Balance, September 30, 2018 $ 2,745 $ — $ 280 $ 9,385 $ 5,268 $ 5,035 $ 4,306 $ 523 $ — $ 11 $ — $ 27,553 Allowance related to troubled debt restructurings $ 772 $ — $ — $ 271 $ 12 $ 210 $ 107 $ — $ — $ — $ — $ 1,372 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 9/30/2018 12/31/2017 9/30/2018 12/31/2017 9/30/2018 12/31/2017 9/30/2018 12/31/2017 9/30/2018 12/31/2017 9/30/2018 12/31/2017 Pass $ 66,657 $ 60,850 $ 25,560 $ 33,412 $ 161,682 $ 186,941 $ 264,991 $ 242,702 $ 522,182 $ 474,522 $ 35,910 $ 30,757 OLEM (Special Mention) 567 1,397 143 — 1,520 2,267 2,380 3,534 1,549 2,221 — — Substandard 4,595 4,972 — — 4,770 773 5,104 3,966 6,837 8,159 — — Doubtful — — — — — — — — — — — — Loss — — — — — — — — — — — — Total $ 71,819 $ 67,219 $ 25,703 $ 33,412 $ 167,972 $ 189,981 $ 272,475 $ 250,202 $ 530,568 $ 484,902 $ 35,910 $ 30,757 The following table presents the recorded investment and payment activity in consumer, residential real estate, and home equity loans, which are generally evaluated based on the aging status of the loans. Performing Nonperforming Dollars in thousands 9/30/2018 12/31/2017 9/30/2018 12/31/2017 Residential real estate Non-jumbo $ 333,227 $ 347,183 $ 7,556 $ 6,918 Jumbo 72,327 62,267 — — Home Equity 81,814 83,316 204 712 Consumer 33,545 35,932 119 270 Other 12,452 13,238 — — Total $ 533,365 $ 541,936 $ 7,879 $ 7,900" id="sjs-B4">LOANS Loans are summarized as follows: Dollars in thousands September 30, December 31, Commercial $ 167,972 $ 189,981 Commercial real estate Owner-occupied 272,475 250,202 Non-owner occupied 530,568 484,902 Construction and development Land and land development 71,819 67,219 Construction 25,703 33,412 Residential real estate Non-jumbo 340,783 354,101 Jumbo 72,327 62,267 Home equity 82,018 84,028 Mortgage warehouse lines 35,910 30,757 Consumer 33,664 36,202 Other 12,452 13,238 Total loans, net of unearned fees 1,645,691 1,606,309 Less allowance for loan losses 12,944 12,565 Loans, net $ 1,632,747 $ 1,593,744 The outstanding balance and the recorded investment of acquired loans included in the consolidated balance sheet at September 30, 2018 and December 31, 2017 are as follows: Acquired Loans September 30, 2018 December 31, 2017 Dollars in thousands Purchased Credit Impaired Purchased Performing Total Purchased Credit Impaired Purchased Performing Total Outstanding balance $ 5,228 $ 159,567 $ 164,795 $ 5,923 $ 220,131 $ 226,054 Recorded investment Commercial $ — $ 7,969 $ 7,969 $ 9 $ 25,125 $ 25,134 Commercial real estate Owner-occupied 682 18,620 19,302 689 21,893 22,582 Non-owner occupied 1,314 28,492 29,806 1,837 33,293 35,130 Construction and development Land and land development — 6,066 6,066 — 7,512 7,512 Construction — — — — 2,760 2,760 Residential real estate Non-jumbo 1,407 84,482 85,889 1,485 109,570 111,055 Jumbo 976 2,598 3,574 999 3,400 4,399 Home equity — 2,839 2,839 — 3,311 3,311 Consumer — 6,793 6,793 — 11,229 11,229 Other — 129 129 — 211 211 Total recorded investment $ 4,379 $ 157,988 $ 162,367 $ 5,019 $ 218,304 $ 223,323 The following table presents a summary of the change in the accretable yield of the purchased credit impaired ("PCI") loan portfolio for the three and nine months ended September 30, 2018 and 2017 : For the Three Months Ended September 30, For the Nine Months Ended September 30, Dollars in thousands 2018 2017 2018 2017 Accretable yield $ 676 $ 851 $ 745 $ 290 Accretion (12 ) (49 ) (81 ) (135 ) Additions for First Century Bankshares, Inc. acquisition — — — 661 Reclassification of nonaccretable difference due to improvement in expected cash flows — — — — Other changes, net — 1 — (13 ) Accretable yield, September 30 $ 664 $ 803 $ 664 $ 803 The following table presents the contractual aging of the recorded investment in past due loans by class as of September 30, 2018 and December 31, 2017 . At September 30, 2018 Past Due > 90 days and Accruing Dollars in thousands 30-59 days 60-89 days > 90 days Total Current Commercial $ 550 $ 266 $ 391 $ 1,207 $ 166,765 $ — Commercial real estate Owner-occupied 612 — 2,326 2,938 269,537 1,991 Non-owner occupied 385 67 2,227 2,679 527,889 — Construction and development Land and land development 120 277 3,196 3,593 68,226 — Construction — — — — 25,703 — Residential mortgage Non-jumbo 4,854 1,397 4,685 10,936 329,847 68 Jumbo — — — — 72,327 — Home equity 95 — 92 187 81,831 — Mortgage warehouse lines — — — — 35,910 — Consumer 259 102 113 474 33,190 156 Other — — — — 12,452 — Total $ 6,875 $ 2,109 $ 13,030 $ 22,014 $ 1,623,677 $ 2,215 At December 31, 2017 Past Due > 90 days and Accruing Dollars in thousands 30-59 days 60-89 days > 90 days Total Current Commercial $ 488 $ 98 $ 229 $ 815 $ 189,166 $ — Commercial real estate Owner-occupied 626 162 507 1,295 248,907 — Non-owner occupied 369 150 2,065 2,584 482,318 237 Construction and development Land and land development 1,132 — 3,563 4,695 62,524 — Construction — — — — 33,412 — Residential mortgage Non-jumbo 4,220 2,379 4,451 11,050 343,051 — Jumbo — — — — 62,267 — Home equity 1,978 — 530 2,508 81,520 — Mortgage warehouse lines — — — — 30,757 — Consumer 417 196 167 780 35,422 37 Other — — — — 13,238 — Total $ 9,230 $ 2,985 $ 11,512 $ 23,727 $ 1,582,582 $ 274 Nonaccrual loans: The following table presents the nonaccrual loans included in the net balance of loans at September 30, 2018 and December 31, 2017 . September 30, December 31, Dollars in thousands 2018 2017 Commercial $ 801 $ 696 Commercial real estate Owner-occupied 551 726 Non-owner occupied 2,548 2,201 Construction and development Land & land development 3,200 3,569 Construction — — Residential mortgage Non-jumbo 7,371 6,944 Jumbo — — Home equity 204 712 Mortgage warehouse lines — — Consumer 80 201 Total $ 14,755 $ 15,049 Impaired loans: Impaired loans include the following: ▪ Loans which we risk-rate (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 accounting principles generally accepted in the United States 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 September 30, 2018 and December 31, 2017 . September 30, 2018 Dollars in thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Impaired Balance Interest Income Recognized while impaired Without a related allowance Commercial $ 4,400 $ 4,400 $ — $ 438 $ 12 Commercial real estate Owner-occupied 9,007 9,012 — 7,630 308 Non-owner occupied 9,106 9,108 — 9,175 487 Construction and development Land & land development 4,128 4,128 — 4,291 63 Construction — — — — — Residential real estate Non-jumbo 4,448 4,458 — 3,572 161 Jumbo 3,480 3,479 — 3,504 167 Home equity 523 523 — 523 30 Mortgage warehouse lines — — — — — Consumer 11 11 — 13 1 Total without a related allowance $ 35,103 $ 35,119 $ — $ 29,146 $ 1,229 With a related allowance Commercial $ 83 $ 83 $ 26 $ 72 $ — Commercial real estate Owner-occupied 2,369 2,369 271 2,392 117 Non-owner occupied 708 714 88 749 17 Construction and development Land & land development 1,756 1,756 772 1,773 98 Construction — — — — — Residential real estate Non-jumbo 2,932 2,932 588 2,425 97 Jumbo 826 826 107 830 48 Home equity — — — — — Mortgage warehouse lines — — — — — Consumer — — — — — Total with a related allowance $ 8,674 $ 8,680 $ 1,852 $ 8,241 $ 377 Total Commercial $ 31,557 $ 31,570 $ 1,157 $ 26,520 $ 1,102 Residential real estate 12,209 12,218 695 10,854 503 Consumer 11 11 — 13 1 Total $ 43,777 $ 43,799 $ 1,852 $ 37,387 $ 1,606 The table above does not include PCI loans. December 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 $ 243 $ 243 $ — $ 259 $ 13 Commercial real estate Owner-occupied 7,109 7,111 — 5,149 265 Non-owner occupied 9,105 9,106 — 9,736 684 Construction and development Land & land development 5,018 5,018 — 4,743 329 Construction — — — — — Residential real estate Non-jumbo 4,190 4,199 — 4,214 240 Jumbo 3,555 3,554 — 3,592 228 Home equity 523 523 — 523 35 Mortgage warehouse lines — — — — — Consumer 17 17 — 28 3 Total without a related allowance $ 29,760 $ 29,771 $ — $ 28,244 $ 1,797 With a related allowance Commercial $ 252 $ 252 $ 252 $ 262 $ — Commercial real estate Owner-occupied 2,436 2,436 125 2,451 161 Non-owner occupied 1,338 1,344 517 676 43 Construction and development Land & land development 1,464 1,464 524 1,477 74 Construction — — — — — Residential real estate Non-jumbo 1,717 1,718 158 1,691 100 Jumbo 838 839 14 845 57 Home equity — — — — — Mortgage warehouse lines — — — — — Consumer — — — — — Total with a related allowance $ 8,045 $ 8,053 $ 1,590 $ 7,402 $ 435 Total Commercial $ 26,965 $ 26,974 $ 1,418 $ 24,753 $ 1,569 Residential real estate 10,823 10,833 172 10,865 660 Consumer 17 17 — 28 3 Total $ 37,805 $ 37,824 $ 1,590 $ 35,646 $ 2,232 The table above does not include PCI loans. Included in impaired loans are TDRs of $27.6 million , of which $27.4 million were current with respect to restructured contractual payments at September 30, 2018 , and $28.4 million , all of which were current with respect to restructured contractual payments at December 31, 2017 . There were no commitments to lend additional funds under these restructurings at either balance sheet date. The following tables present by class the TDRs that were restructured during the three and nine months ended September 30, 2018 and September 30, 2017 . 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 real estate Owner-occupied — $ — $ — 1 $ 2,302 $ 2,302 Non-owner occupied — — — 1 148 148 Construction and development Land & land development — — — 1 438 438 Residential real estate Non-jumbo 2 94 94 — — — Total 2 $ 94 $ 94 3 $ 2,888 $ 2,888 For the Nine Months Ended For the Nine 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 2 $ 157 $ 157 — $ — $ — Commercial real estate Owner-occupied — $ — $ — 1 2,302 2,302 Non-owner occupied — — — 1 148 148 Construction and development Land & land development — — — 1 438 438 Residential real estate Non-jumbo 8 899 899 5 1,086 1,086 Total 10 $ 1,056 $ 1,056 8 $ 3,974 $ 3,974 The following tables present 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 For the Three Months Ended Dollars in thousands Number of Defaults Recorded Investment at Default Date Number of Defaults Recorded Investment at Default Date Construction and development Land & land development — $ — 1 $ 437 Residential real estate Non-jumbo — — 4 1,104 Total — $ — 5 $ 1,541 For the Nine Months Ended For the Nine Months Ended Dollars in thousands Number of Defaults Recorded Investment at Default Date Number of Defaults Recorded Investment at Default Date Commercial 2 $ 157 — $ — Commercial real estate Non-owner occupied 1 341 — — Construction and development Land & land development — — 1 437 Residential real estate Non-jumbo 3 628 4 1,204 Total 6 $ 1,126 5 $ 1,641 The following tables detail the activity regarding TDRs by loan type, net of fees, for the three and nine months ended September 30, 2018 , and the related allowance on TDRs. For the Three Months Ended September 30, 2018 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 July 1, 2018 $ 2,948 $ — $ 293 $ 9,433 $ 5,306 $ 4,972 $ 4,339 $ 523 $ — $ 13 $ — $ 27,827 Additions — — — — — 94 — — — — — 94 Charge-offs — — — — — — — — — — — — Net (paydowns) advances (203 ) — (13 ) (48 ) (38 ) (31 ) (33 ) — — (2 ) — (368 ) Transfer into foreclosed properties — — — — — — — — — — — — Refinance out of TDR status — — — — — — — — — — — — Balance, September 30, 2018 $ 2,745 $ — $ 280 $ 9,385 $ 5,268 $ 5,035 $ 4,306 $ 523 $ — $ 11 $ — $ 27,553 Allowance related to troubled debt restructurings $ 772 $ — $ — $ 271 $ 12 $ 210 $ 107 $ — $ — $ — $ — $ 1,372 For the Nine Months Ended September 30, 2018 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, 2018 $ 3,043 $ — $ 412 $ 9,545 $ 5,234 $ 5,195 $ 4,393 $ 523 $ — $ 18 $ — $ 28,363 Additions — — 157 — — 899 — — — — — 1,056 Charge-offs — — — — — (55 ) — — — — — (55 ) Net (paydowns) advances (298 ) — (289 ) (160 ) 34 (1,004 ) (87 ) — — (7 ) — (1,811 ) Transfer into foreclosed properties — — — — — — — — — — — — Refinance out of TDR status — — — — — — — — — — — — Balance, September 30, 2018 $ 2,745 $ — $ 280 $ 9,385 $ 5,268 $ 5,035 $ 4,306 $ 523 $ — $ 11 $ — $ 27,553 Allowance related to troubled debt restructurings $ 772 $ — $ — $ 271 $ 12 $ 210 $ 107 $ — $ — $ — $ — $ 1,372 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 9/30/2018 12/31/2017 9/30/2018 12/31/2017 9/30/2018 12/31/2017 9/30/2018 12/31/2017 9/30/2018 12/31/2017 9/30/2018 12/31/2017 Pass $ 66,657 $ 60,850 $ 25,560 $ 33,412 $ 161,682 $ 186,941 $ 264,991 $ 242,702 $ 522,182 $ 474,522 $ 35,910 $ 30,757 OLEM (Special Mention) 567 1,397 143 — 1,520 2,267 2,380 3,534 1,549 2,221 — — Substandard 4,595 4,972 — — 4,770 773 5,104 3,966 6,837 8,159 — — Doubtful — — — — — — — — — — — — Loss — — — — — — — — — — — — Total $ 71,819 $ 67,219 $ 25,703 $ 33,412 $ 167,972 $ 189,981 $ 272,475 $ 250,202 $ 530,568 $ 484,902 $ 35,910 $ 30,757 The following table presents the recorded investment and payment activity in consumer, residential real estate, and home equity loans, which are generally evaluated based on the aging status of the loans. Performing Nonperforming Dollars in thousands 9/30/2018 12/31/2017 9/30/2018 12/31/2017 Residential real estate Non-jumbo $ 333,227 $ 347,183 $ 7,556 $ 6,918 Jumbo 72,327 62,267 — — Home Equity 81,814 83,316 204 712 Consumer 33,545 35,932 119 270 Other 12,452 13,238 — — Total $ 533,365 $ 541,936 $ 7,879 $ 7,900 |
Allowance For Loan Losses
Allowance For Loan Losses | 9 Months Ended |
Sep. 30, 2018 | |
Allowance for Loan and Lease Losses Write-offs, Net [Abstract] | |
Allowance for Loan Losses | ALLOWANCE FOR LOAN LOSSES An analysis of the allowance for loan losses for the nine month period ended September 30, 2018 and for the year ended December 31, 2017 is as follows: September 30, December 31, Dollars in thousands 2018 2017 Balance, beginning of year $ 12,565 $ 11,674 Charge-offs: Commercial 248 23 Commercial real estate Owner occupied 38 5 Non-owner occupied 500 65 Construction and development Land and land development 222 3 Construction — 33 Residential real estate Non-jumbo 460 359 Jumbo — 2 Home equity 25 158 Mortgage warehouse lines — — Consumer 195 389 Other 211 251 Total 1,899 1,288 Recoveries: Commercial 12 124 Commercial real estate Owner occupied 19 89 Non-owner occupied — 91 Construction and development Land and land development 217 278 Construction — — Residential real estate Non-jumbo 75 134 Jumbo — — Home equity 7 30 Mortgage warehouse lines — — Consumer 107 82 Other 91 101 Total 528 929 Net charge-offs 1,371 359 Provision for loan losses 1,750 1,250 Balance, end of period $ 12,944 $ 12,565 The following table presents the activity in the allowance for loan losses, balance in the allowance for loan losses and recorded investment in loans by portfolio segment and based on impairment during the first nine months of 2018 and for the year ended 2017: For the Nine Months Ended September 30, 2018 At September 30, 2018 At September 30, 2018 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 (PCI) Total Loans individua- lly evaluated for impairm- ent Loans collective- ly evaluated for impairm- ent Loans Total Commercial $ 1,303 $ (248 ) $ 12 $ (68 ) $ 999 $ 26 $ 973 $ — $ 999 $ 4,483 $ 163,489 $ — $ 167,972 Commercial real estate Owner occupied 2,424 (38 ) 19 321 2,726 271 2,455 — 2,726 11,376 260,417 682 272,475 Non-owner occupied 4,950 (500 ) — 779 5,229 88 5,138 3 5,229 9,814 519,440 1,314 530,568 Construction and development Land and land development 641 (222 ) 217 161 797 772 25 — 797 5,884 65,935 — 71,819 Construction 153 — — (40 ) 113 — 113 — 113 — 25,703 — 25,703 Residential real estate Non-jumbo 1,911 (460 ) 75 691 2,217 588 1,620 9 2,217 7,380 331,996 1,407 340,783 Jumbo 72 — — 311 383 107 276 — 383 4,306 67,045 976 72,327 Home equity 638 (25 ) 7 (469 ) 151 — 151 — 151 523 81,495 — 82,018 Mortgage warehouse lines — — — — — — — — — — 35,910 — 35,910 Consumer 210 (195 ) 107 69 191 — 191 — 191 11 33,653 — 33,664 Other 263 (211 ) 91 (5 ) 138 — 138 — 138 — 12,452 — 12,452 Total $ 12,565 $ (1,899 ) $ 528 $ 1,750 $ 12,944 $ 1,852 $ 11,080 $ 12 $ 12,944 $ 43,777 $ 1,597,535 $ 4,379 $ 1,645,691 For the Year Ended December 31, 2017 At December 31, 2017 At December 31, 2017 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 (PCI) Total Loans individua- lly evaluated for impairm- ent Loans collective- ly evaluated for impairm- ent Loans Total Commercial $ 934 $ (23 ) $ 124 $ 268 $ 1,303 $ 252 $ 1,051 $ — $ 1,303 $ 495 $ 189,477 $ 9 $ 189,981 Commercial real estate Owner occupied 2,109 (5 ) 89 231 2,424 125 2,299 — 2,424 9,545 239,968 689 250,202 Non-owner occupied 3,438 (65 ) 91 1,486 4,950 517 4,432 1 4,950 10,443 472,622 1,837 484,902 Construction and development Land and land development 2,263 (3 ) 278 (1,897 ) 641 524 117 — 641 6,482 60,737 — 67,219 Construction 24 (33 ) — 162 153 — 153 — 153 — 33,412 — 33,412 Residential real estate Non-jumbo 2,174 (359 ) 134 (38 ) 1,911 158 1,747 6 1,911 5,907 346,709 1,485 354,101 Jumbo 95 (2 ) — (21 ) 72 14 58 — 72 4,393 56,875 999 62,267 Home equity 413 (158 ) 30 353 638 — 638 — 638 523 83,505 — 84,028 Mortgage warehouse lines — — — — — — — — — — 30,757 — 30,757 Consumer 121 (389 ) 82 396 210 — 210 — 210 17 36,185 — 36,202 Other 103 (251 ) 101 310 263 — 263 — 263 — 13,238 — 13,238 Total $ 11,674 $ (1,288 ) $ 929 $ 1,250 $ 12,565 $ 1,590 $ 10,968 $ 7 $ 12,565 $ 37,805 $ 1,563,485 $ 5,019 $ 1,606,309 |
Goodwill And Other Intangible A
Goodwill And Other Intangible Assets | 9 Months Ended |
Sep. 30, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS In accordance with ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment , during third quarter 2018, we performed the qualitative assessment of the goodwill of our community banking and insurance services reporting units and determined that the fair values of the reporting units were more likely than not greater than their carrying values. In performing the qualitative assessments, we considered certain events and circumstances specific to each reporting unit, such as macroeconomic conditions, industry and market considerations, overall financial performance and cost factors when evaluating whether it is more likely than not that the fair values of our community banking or insurance services reporting units are less than their carrying values. No indicators of impairment for either reporting unit were noted as of September 30, 2018. The following tables present our goodwill by reporting unit at September 30, 2018 and other intangible assets by reporting unit at September 30, 2018 and December 31, 2017 . Goodwill Activity Dollars in thousands Community Banking Insurance Services Total Balance, January 1, 2018 $ 10,562 $ 4,710 $ 15,272 Reclassifications to goodwill — — — Acquired goodwill, net — — — Balance, September 30, 2018 $ 10,562 $ 4,710 $ 15,272 Other Intangible Assets September 30, 2018 December 31, 2017 Dollars in thousands Community Banking Insurance Services Total Community Banking Insurances Services Total Identifiable intangible assets Gross carrying amount $ 12,598 $ 3,000 $ 15,598 $ 12,598 $ 3,000 $ 15,598 Less: accumulated amortization 2,368 2,250 4,618 1,257 2,100 3,357 Net carrying amount $ 10,230 $ 750 $ 10,980 $ 11,341 $ 900 $ 12,241 We recorded amortization expense of $1,261,000 and $974,000 for the nine months ended September 30, 2018 and 2017 , respectively, relative to our identifiable intangible assets. Amortization relative to our identifiable intangible assets is expected to approximate the following during the next five years: Core Deposit Customer Dollars in thousands Intangible Intangible 2018 $ 1,471 $ 200 2019 1,368 200 2020 1,265 200 2021 1,162 200 2022 1,060 100 |
Deposits
Deposits | 9 Months Ended |
Sep. 30, 2018 | |
Deposits [Abstract] | |
Deposits | DEPOSITS The following is a summary of interest bearing deposits by type as of September 30, 2018 and December 31, 2017 : Dollars in thousands September 30, December 31, Demand deposits, interest bearing $ 505,411 $ 410,606 Savings deposits 301,269 358,168 Time deposits 611,687 614,334 Total $ 1,418,367 $ 1,383,108 Included in time deposits are deposits acquired through a third party (“brokered deposits”) totaling $227.3 million and $216.9 million at September 30, 2018 and December 31, 2017 , respectively. A summary of the scheduled maturities for all time deposits as of September 30, 2018 is as follows: Dollars in thousands Three month period ending December 31, 2018 $ 67,407 Year ending December 31, 2019 226,878 Year ending December 31, 2020 145,160 Year ending December 31, 2021 76,228 Year ending December 31, 2022 33,296 Thereafter 62,718 Total $ 611,687 The aggregate amount of time deposits in denominations that meet or exceed the FDIC insurance limit of $250,000 totaled $249.7 million at September 30, 2018 and $239.6 million at December 31, 2017 . |
Borrowed Funds
Borrowed Funds | 9 Months Ended |
Sep. 30, 2018 | |
Debt Disclosure [Abstract] | |
Borrowed Funds | BORROWED FUNDS Short-term borrowings: A summary of short-term borrowings is presented below: Nine Months Ended September 30, 2018 2017 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 September 30 $ 233,300 $ 5,103 $ 199,500 $ 3,488 Average balance outstanding for the period 209,877 4,128 196,728 3,474 Maximum balance outstanding at any month end during period 262,000 7,534 229,300 3,488 Weighted average interest rate for the period 2.01 % 1.80 % 1.10 % 1.03 % Weighted average interest rate for balances outstanding at September 30 2.41 % 2.25 % 1.32 % 1.25 % Year Ended December 31, 2017 Dollars in thousands Short-term FHLB Advances Short-term Repurchase Agreements Federal Funds Purchased and Lines of Credit Balance at December 31 $ 247,000 $ — 3,499 Average balance outstanding for the period 201,712 519 3,512 Maximum balance outstanding at any month end during period 247,000 — 3,499 Weighted average interest rate for the period 1.19 % 0.12 % 1.10 % Weighted average interest rate for balances outstanding at December 31 1.60 % — % 1.50 % Long-term borrowings: Our long-term borrowings of $739.0 thousand and $45.8 million at September 30, 2018 and December 31, 2017 , respectively, consisted 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 September 30, Balance at Dollars in thousands 2018 2017 Long-term FHLB advances $ 739 $ 751 Long-term repurchase agreements — 45,000 Total $ 739 $ 45,751 Our long term FHLB borrowings bear both fixed and variable rates and mature in varying amounts through the year 2026. The average interest rate paid on long-term borrowings and long-term repurchase agreements for the nine month period ended September 30, 2018 was 4.24% compared to 4.32% for the first nine months of 2017 . 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 September 30, 2018 and December 31, 2017 . 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, 2018 $ 4 $ — 2019 18 — 2020 18 — 2021 20 — 2022 21 — Thereafter 658 19,589 $ 739 $ 19,589 |
Share Based Compensation
Share Based Compensation | 9 Months Ended |
Sep. 30, 2018 | |
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 and 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 three or nine month periods ended September 30, 2018 . 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 granted 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 7.0 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 nine months of 2018 and 2017 , our share-based compensation expense was $292,000 and $284,000 and the related deferred tax benefits were approximately $70,000 and $105,000 . A summary of activity in our Plans during the first nine months of 2018 and 2017 is as follows: For the Nine Months Ended September 30, 2018 Options/SARs Aggregate Intrinsic Value Remaining Contractual Term (Yrs.) Weighted-Average Exercise Price Outstanding, January 1 250,291 $ 17.75 Granted — — Exercised (1,600 ) 17.79 Forfeited (3,200 ) 25.50 Expired — — Outstanding, September 30 245,491 $ 1,645 6.62 $ 17.65 Exercisable, September 30 109,324 $ 898 5.55 $ 15.77 For the Nine Months Ended September 30, 2017 Options/SARs Aggregate Intrinsic Value Remaining Contractual Term (Yrs.) Weighted-Average Exercise Price Outstanding, January 1 217,857 $ 13.56 Granted 87,615 26.01 Exercised (2,000 ) 6.21 Forfeited — — Expired — — Outstanding, September 30 303,472 $ 2,604 7.11 $ 17.20 Exercisable, September 30 115,827 $ 1,239 5.01 $ 15.02 |
Commitments And Contingencies
Commitments And Contingencies | 9 Months Ended |
Sep. 30, 2018 | |
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 September 30, Commitments to extend credit: Revolving home equity and credit card lines $ 69,263 Construction loans 92,280 Other loans 177,079 Standby letters of credit 6,092 Total $ 344,714 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 We are not a party to 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 if any, 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 | 9 Months Ended |
Sep. 30, 2018 | |
Banking and Thrift [Abstract] | |
Regulatory Matters | REGULATORY MATTERS Our bank subsidiary, Summit Community Bank, Inc. (“Summit Community”), is subject to various regulatory capital requirements administered by the banking regulatory agencies. Under the capital adequacy guidelines and the regulatory framework for prompt corrective action, Summit Community must meet specific capital guidelines that involve quantitative measures of its assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. Our bank subsidiary’s 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 Summit Community to maintain minimum amounts and ratios of Common Equity Tier 1("CET1"), 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 September 30, 2018, that our bank subsidiary met all capital adequacy requirements to which they were subject. The most recent notifications from the banking regulatory agencies categorized Summit Community as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, Summit Community 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 September 30, 2018, Summit Community’s 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 2017 Annual Report on Form 10-K for further discussion of Basel III. On August 28, 2018, the Federal Reserve Board (the “Board”) issued an interim final rule expanding the applicability of the Board's small bank holding company policy statement, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018. The interim final rule raises the small bank holding company policy statement's asset threshold from $1 billion to $3 billion in total consolidated assets, and as a result, our holding company was exempted from all regulatory capital guidelines, to which it previously had been subject, until such time as its consolidated assets exceed $3 billion. The following table presents Summit's, as well as Summit Community's, actual and required minimum capital amounts and ratios as of September 30, 2018 and December 31, 2017 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 September 30, 2018 CET1 (to risk weighted assets) Summit $ 192,823 11.1 % N/A N/A N/A N/A Summit Community 207,725 12.0 % 121,173 7.0 % 112,518 6.5 % Tier I Capital (to risk weighted assets) Summit 211,823 12.2 % N/A N/A N/A N/A Summit Community 207,725 12.0 % 147,139 8.5 % 138,483 8.0 % Total Capital (to risk weighted assets) Summit 224,767 12.9 % N/A N/A N/A N/A Summit Community 220,669 12.7 % 182,443 10.5 % 173,755 10.0 % Tier I Capital (to average assets) Summit 211,823 10.1 % N/A N/A N/A N/A Summit Community 207,725 9.9 % 83,929 4.0 % 104,912 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, 2017 CET1 (to risk weighted assets) Summit 177,010 10.6 % 116,893 7.0 % 108,544 6.5 % Summit Community 195,008 11.7 % 116,671 7.0 % 108,338 6.5 % Tier I Capital (to risk weighted assets) Summit 196,010 11.8 % 141,194 8.5 % 132,888 8.0 % Summit Community 195,008 11.7 % 141,672 8.5 % 133,339 8.0 % Total Capital (to risk weighted assets) Summit 208,575 12.5 % 175,203 10.5 % 166,860 10.0 % Summit Community 207,573 12.5 % 174,361 10.5 % 166,058 10.0 % Tier I Capital (to average assets) Summit 196,010 9.4 % 83,409 4.0 % 104,261 5.0 % Summit Community 195,008 9.4 % 82,982 4.0 % 103,728 5.0 % |
Segment Information
Segment Information | 9 Months Ended |
Sep. 30, 2018 | |
Segment Reporting [Abstract] | |
Segment Information | SEGMENT INFORMATION We operate three business segments: community banking, insurance services and trust and wealth management 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 services segment includes two insurance agency offices that sell insurance products. The trust and wealth management segment includes Summit Community Bank's trust division and other non-bank investment 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, insurance services and trust and wealth management 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 September 30, 2018 Dollars in thousands Community Banking Trust and Wealth Management Insurance Services Parent Eliminations Total Net interest income $ 17,441 $ — $ — $ (228 ) $ — $ 17,213 Provision for loan losses 500 — — — — 500 Net interest income after provision for loan losses 16,941 — — (228 ) — 16,713 Other income 2,490 687 1,034 389 (389 ) 4,211 Other expenses 10,696 551 879 621 (389 ) 12,358 Income (loss) before income taxes 8,735 136 155 (460 ) — 8,566 Income tax expense (benefit) 1,677 33 43 (86 ) — 1,667 Net income (loss) $ 7,058 $ 103 $ 112 $ (374 ) $ — $ 6,899 Inter-segment revenue (expense) $ (359 ) $ — $ (30 ) $ 389 $ — $ — Average assets $ 2,130,483 $ — $ 6,121 $ 234,693 $ (257,897 ) $ 2,113,400 Capital expenditures $ 1,411 $ — $ 11 $ — $ — $ 1,422 Three Months Ended September 30, 2017 Dollars in thousands Community Banking Trust and Wealth Management Insurance Services Parent Eliminations Total Net interest income $ 17,408 $ — $ — $ (176 ) $ — $ 17,232 Provision for loan losses 375 — — — — 375 Net interest income after provision for loan losses 17,033 — — (176 ) — 16,857 Other income 2,408 589 1,003 491 (491 ) 4,000 Other expenses 10,844 546 814 734 (491 ) 12,447 Income (loss) before income taxes 8,597 43 189 (419 ) — 8,410 Income tax expense (benefit) 2,482 16 92 (110 ) — 2,480 Net income (loss) $ 6,115 $ 27 $ 97 $ (309 ) $ — $ 5,930 Inter-segment revenue (expense) $ (451 ) $ — $ (40 ) $ 491 $ — $ — Average assets $ 2,110,832 $ — $ 6,288 $ 217,928 $ (246,788 ) $ 2,088,260 Capital expenditures $ 1,497 $ — $ — $ — $ — $ 1,497 Nine Months Ended September 30, 2018 Dollars in thousands Community Banking Trust and Wealth Management Insurance Services Parent Eliminations Total Net interest income $ 52,385 $ — $ — $ (640 ) $ — $ 51,745 Provision for loan losses 1,750 — — — — 1,750 Net interest income after provision for loan losses 50,635 — — (640 ) — 49,995 Other income 8,052 2,026 3,157 1,166 (1,166 ) 13,235 Other expenses 32,270 1,561 2,728 2,014 (1,166 ) 37,407 Income (loss) before income taxes 26,417 465 429 (1,488 ) — 25,823 Income tax expense (benefit) 5,251 112 111 (273 ) — 5,201 Net income (loss) $ 21,166 $ 353 $ 318 $ (1,215 ) $ — $ 20,622 Inter-segment revenue (expense) $ (1,077 ) $ — $ (89 ) $ 1,166 $ — $ — Average assets $ 2,135,416 $ — $ 6,059 $ 229,597 $ (252,772 ) $ 2,118,300 Capital expenditures $ 4,178 $ — $ 24 $ 86 $ — $ 4,288 Nine Months Ended September 30, 2017 Dollars in thousands Community Banking Trust and Wealth Management Insurance Services Parent Eliminations Total Net interest income $ 49,220 $ — $ — $ (511 ) $ — $ 48,709 Provision for loan losses 875 — — — — 875 Net interest income after provision for loan losses 48,345 — — (511 ) — 47,834 Other income 6,280 1,284 2,932 1,473 (1,473 ) 10,496 Other expenses 41,351 1,219 2,495 1,807 (1,473 ) 45,399 Income (loss) before income taxes 13,274 65 437 (845 ) — 12,931 Income tax expense (benefit) 3,386 24 190 (261 ) — 3,339 Net income (loss) $ 9,888 $ 41 $ 247 $ (584 ) $ — $ 9,592 Inter-segment revenue (expense) $ (1,353 ) $ — $ (120 ) $ 1,473 $ — $ — Average assets $ 1,994,042 $ — $ 6,197 $ 203,459 $ (232,211 ) $ 1,971,487 Capital expenditures $ 5,544 $ — $ 36 $ 92 $ — $ 5,672 |
Derivative Financial Instrument
Derivative Financial Instruments | 9 Months Ended |
Sep. 30, 2018 | |
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 September 30, 2018 and December 31, 2017 follows: September 30, 2018 Notional Amount Derivative Fair Value Net Ineffective Dollars in thousands Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 110,000 $ — $ 284 $ — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 19,543 $ 1,063 $ — $ — December 31, 2017 Notional Amount Derivative Fair Value Net Ineffective Dollars in thousands Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 110,000 $ — $ 2,057 $ — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 19,965 $ 312 $ — $ — 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 | 9 Months Ended |
Sep. 30, 2018 | |
Business Combinations [Abstract] | |
Business Combination Disclosure [Text Block] | ACQUISITIONS FCB Acquisition On April 1, 2017, Summit Community Bank, Inc. ("SCB"), a wholly-owned subsidiary of Summit, acquired 100% of the ownership of First Century Bankshares, Inc. ("FCB") and its subsidiary First Century Bank, headquartered in Bluefield, West Virginia. FCB's assets and liabilities approximated $406 million and $361 million , respectively, at March 31, 2017. The following presents the financial effects of adjustments recognized in the statement of income for the three months and nine months ended September 30, 2018 and 2017 related to business combinations that occurred during 2016 and 2017. Income increase (decrease) Three Months Ended September 30, Nine Months Ended September 30, Dollars in thousands 2018 2017 2018 2017 Interest and fees on loans $ 38 $ 224 $ 239 $ 712 Interest expense on deposits 48 76 162 167 Amortization of intangibles (363 ) (398 ) (1,111 ) (825 ) Income before income tax expense $ (277 ) $ (98 ) $ (710 ) $ 54 Pending Peoples Acquisition On July 24, 2018, we entered into a Definitive Merger Agreement with Peoples Bankshares, Inc. ("Peoples"). Pursuant to the terms of the merger agreement, Summit will acquire all of the outstanding shares of common stock of Peoples in exchange for cash in the amount of $47.00 per share or 1.7193 shares of Summit common stock. Peoples shareholders will have a right to receive cash, Summit’s common stock or a combination of cash and Summit common stock, subject to proration to result in approximately 50% cash and 50% stock consideration in the aggregate. Total merger consideration received by Peoples shareholders is subject to an adjustment if Peoples’ adjusted shareholders’ equity as of the effective date of the merger deviates from the range mutually determined by the parties. Peoples' assets approximated $134 million at September 30, 2018. We anticipate the acquisition will close in the first quarter of 2019, subject to customary closing conditions, including regulatory approval and approval of Peoples' shareholders. Following the consummation of the merger, Peoples' wholly-owned subsidiary First Peoples Bank, Inc. will be consolidated with Summit's subsidiary, Summit Community Bank, Inc. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income (Loss) (Notes) | 9 Months Ended |
Sep. 30, 2018 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Comprehensive Income (Loss) Note [Text Block] | ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME The following is changes in accumulated other comprehensive (loss) income by component, net of tax, for the three and nine months ending September 30, 2018 and 2017 . For the Three Months Ended Dollars in thousands Gains and Losses on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ 398 $ (472 ) $ (912 ) $ (986 ) Other comprehensive income (loss) before reclassification — 255 (2,168 ) (1,913 ) Amounts reclassified from accumulated other comprehensive income — — (6 ) (6 ) Net current period other comprehensive income (loss) — 255 (2,174 ) (1,919 ) Ending balance $ 398 $ (217 ) $ (3,086 ) $ (2,905 ) For the Three Months Ended Dollars in thousands Gains and Losses on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ 219 $ (2,238 ) $ 1,712 $ (307 ) Other comprehensive income before reclassification — 313 399 712 Amounts reclassified from accumulated other comprehensive income — — (16 ) (16 ) Net current period other comprehensive income — 313 383 696 Ending balance $ 219 $ (1,925 ) $ 2,095 $ 389 For the Nine Months Ended Dollars in thousands Gains and Losses on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ 398 $ (1,564 ) $ 2,898 $ 1,732 Other comprehensive income (loss) before reclassification — 1,347 (5,355 ) (4,008 ) Amounts reclassified from accumulated other comprehensive income — — (629 ) (629 ) Net current period other comprehensive income (loss) — 1,347 (5,984 ) (4,637 ) Ending balance $ 398 $ (217 ) $ (3,086 ) $ (2,905 ) For the Nine Months Ended Dollars in thousands Gains and Losses on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ — $ (2,905 ) $ (357 ) $ (3,262 ) Other comprehensive income before reclassification 219 980 2,489 3,688 Amounts reclassified from accumulated other comprehensive income — — (37 ) (37 ) Net current period other comprehensive income 219 980 2,452 3,651 Ending balance $ 219 $ (1,925 ) $ 2,095 $ 389 |
Income Taxes Income Taxes
Income Taxes Income Taxes | 9 Months Ended |
Sep. 30, 2018 | |
Income Tax Disclosure [Abstract] | |
Income Tax Disclosure [Text Block] | INCOME TAXES Our income tax expense for the three months ended September 30, 2018 and September 30, 2017 totaled $1.7 million and $2.5 million , respectively. For the nine months ended September 30, 2018 and September 30, 2017 our income tax expense totaled $5.2 million and $3.3 million , respectively. Our effective tax rate (income tax expense as a percentage of income before taxes) for the quarters ended September 30, 2018 and 2017 was 19.5% and 29.5% , respectively, and for the nine months ended September 30, 2018 and 2017 were 20.1% and 25.8% , respectively. A reconciliation between the statutory income tax rate and our effective income tax rate for the three and nine months ended September 30, 2018 and 2017 is as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2018 2017 2018 2017 Dollars in thousands Percent Percent Percent Percent Applicable statutory rate 21.0 % 35.0 % 21.0 % 35.0 % Increase (decrease) in rate resulting from: Tax-exempt interest and dividends, net (3.1 )% (5.1 )% (3.0 )% (8.8 )% State income taxes, net of Federal income tax benefit 2.1 % 1.8 % 2.2 % 1.8 % Low-income housing and rehabilitation tax credits (0.9 )% (2.3 )% (1.1 )% (1.5 )% Other, net 0.4 % 0.1 % 1.0 % (0.7 )% Effective income tax rate 19.5 % 29.5 % 20.1 % 25.8 % The components of applicable income tax expense for the three and nine months ended September 30, 2018 and 2017 are as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, Dollars in thousands 2018 2017 2018 2017 Current Federal $ 1,410 $ 2,436 $ 4,628 $ 3,315 State 228 251 737 388 1,638 2,687 5,365 3,703 Deferred Federal 25 (190 ) (142 ) (333 ) State 4 (17 ) (22 ) (31 ) 29 (207 ) (164 ) (364 ) Total $ 1,667 $ 2,480 $ 5,201 $ 3,339 |
Revenue Recognition Revenue fro
Revenue Recognition Revenue from Contracts with Customers (Notes) | 9 Months Ended |
Sep. 30, 2018 | |
Revenue from Contracts with Customers [Abstract] | |
Revenue from Contracts with Customers | REVENUE FROM CONTRACTS WITH CUSTOMERS I nterest income, loan fees, realized securities gains and losses, bank owned life insurance income and mortgage banking revenue are not in the scope of ASC Topic 606, Revenue from Contracts with Customers . With the exception of gains or losses on sales of foreclosed properties, all of our revenue from contracts with customers in the scope of ASC 606 is recognized within Noninterest Income in the Consolidated Statements of Income. Incremental costs of obtaining a contract are expensed when incurred when the amortization period is one year or less. As of September 30, 2018, remaining performance obligations consisted of insurance products with an original expected length of one year or less. A description of our significant sources of revenue accounted for under ASC 606 follows: Service fees on deposit accounts are fees we charge our deposit customers for transaction-based, account maintenance and overdraft services. Transaction-based fees, which are earned based on specific transactions or customer activity within a customer’s deposit account, are recognized at the time the related transaction or activity occurs, as it is at this point when we fulfill the customer’s request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which Summit satisfied the performance obligation. Overdraft fees are recognized when the overdraft occurs. Service fees on deposit accounts are paid through a direct charge to the customer’s account. Bank card revenue is comprised of interchange revenue and ATM fees. Interchange revenue is earned when Summit’s debit and credit cardholders conduct transactions through Mastercard and other payment networks. Interchange fees represent a percentage of the underlying cardholder’s transaction value and are generally recognized daily, concurrent with the transaction processing services provided to the cardholder. ATM fees are earned when a non-Summit cardholder uses a Summit ATM. ATM fees are recognized daily, as the related ATM transactions are settled. Trust and wealth management fees consist of 1) trust fees and 2) commissions earned from an independent, third-party broker-dealer. We earn trust fees from our contracts with trust clients to administer or manage assets for investment. Trust fees are earned over time (generally monthly) as Summit provides the contracted services and are assessed based on the value of assets under management at each month-end. We earn commissions from investment brokerage services provided to our clients by an independent, third-party broker-dealer. We receive monthly commissions from the third-party broker-dealer based upon client activity for the previous month. Insurance commissions principally consist of commissions we earn as agents of insurers for selling group employee benefit and property and casualty insurance products to clients. Group employee benefit insurance commissions are recognized over time (generally monthly) as the related customary implied servicing obligations of group policyholders are fulfilled. Property and casualty insurance commissions are recognized using methods which approximate the time of placement of the underlying policy. We are paid insurance commissions ratably as the related policy premiums are paid by clients. The following table illustrates our total non-interest income segregated by revenues within the scope of ASC Topic 606 and those which are within the scope of other ASC Topics: Dollars in thousands Three Months Ended September 30, 2018 Nine Months Ended Service fees on deposit accounts $ 1,215 $ 3,421 Bank card revenue 793 2,343 Trust and wealth management fees 687 2,026 Insurance commissions 1,062 3,188 Other 53 189 Net revenue from contracts with customers 3,810 11,167 Non-interest income within the scope of other ASC topics 401 2,068 Total noninterest income $ 4,211 $ 13,235 Gain or loss on sale of foreclosed properties is recorded when control of the property transfers to the buyer, which generally occurs at the time of transfer of the deed. If Summit finances the sale of a foreclosed property to the buyer, we assess whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the foreclosed property is derecognized and the gain or loss on sale is recorded upon transfer of control of the property to the buyer. For the three and nine months ended September 30, 2018, net losses on sales of foreclosed properties were $(18,000) and $(11,800) . |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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 September 30, 2018 Level 1 Level 2 Level 3 Securities available for sale U.S. Government sponsored agencies $ 27,279 $ — $ 27,279 $ — Mortgage backed securities: Government sponsored agencies 72,942 — 72,942 — Nongovernment sponsored entities 685 — 685 — State and political subdivisions 18,774 — 18,774 — Corporate debt securities 11,687 — 11,687 — Asset-backed securities 21,792 — 21,792 — Other equity securities 137 — 137 — Tax-exempt state and political subdivisions 134,744 — 134,744 — Total securities available for sale $ 288,040 $ — $ 288,040 $ — Derivative financial assets Interest rate swaps $ 1,063 $ — $ 1,063 $ — Derivative financial liabilities Interest rate swaps $ 284 $ — $ 284 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2017 Level 1 Level 2 Level 3 Securities available for sale U.S. Government sponsored agencies $ 31,613 $ — $ 31,613 $ — Mortgage backed securities: Government sponsored agencies 121,321 — 121,321 — Nongovernment sponsored entities 2,077 — 2,077 — State and political subdivisions 17,677 — 17,677 — Corporate debt securities 16,245 — 16,245 — Other equity securities 137 — 137 — Tax-exempt state and political subdivisions 139,653 — 139,653 — Total securities available for sale $ 328,723 $ — $ 328,723 $ — Derivative financial assets Interest rate swaps $ 312 $ — $ 312 $ — Derivative financial liabilities Interest rate swaps $ 2,057 $ — $ 2,057 $ — |
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 September 30, 2018 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 348 $ — $ 348 $ — Collateral-dependent impaired loans Commercial $ 57 $ — $ 8 $ 49 Commercial real estate 437 $ — 437 — Construction and development 297 $ — 297 — Residential real estate 721 — 721 — Total collateral-dependent impaired loans $ 1,512 $ — $ 1,463 $ 49 Property held for sale Commercial real estate $ 1,677 $ — $ 1,677 $ — Construction and development 16,526 — 16,526 — Residential real estate 403 — 403 — Total property held for sale $ 18,606 $ — $ 18,606 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2017 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ — $ — $ — $ — Collateral-dependent impaired loans Commercial real estate $ 518 $ — $ 518 $ — Construction and development 940 — 940 — Residential real estate 203 — 203 — Total collateral-dependent impaired loans $ 1,661 $ — $ 1,661 $ — Property held for sale Commercial real estate $ 1,493 $ — $ 1,493 $ — Construction and development 16,177 — 16,177 — Residential real estate 322 — 322 — Total property held for sale $ 17,992 $ — $ 17,992 $ — |
Fair Value, by Balance Sheet Grouping | The carrying values and estimated fair values of our financial instruments are summarized below: September 30, 2018 Fair Value Measurements Using: Dollars in thousands Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 53,834 $ 53,834 $ — $ 53,834 $ — Securities available for sale 288,040 288,040 — 288,040 — Other investments 14,232 14,232 — 14,232 — Loans held for sale, net 348 348 — 348 — Loans, net 1,632,747 1,610,856 — 1,463 1,609,393 Accrued interest receivable 8,630 8,630 — 8,630 — Derivative financial assets 1,063 1,063 — 1,063 — $ 1,998,894 $ 1,977,003 $ — $ 367,610 $ 1,609,393 Financial liabilities Deposits $ 1,651,064 $ 1,648,845 $ — $ 1,648,845 $ — Short-term borrowings 238,403 238,403 — 238,403 — Long-term borrowings 739 834 — 834 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 1,068 1,068 — 1,068 — Derivative financial liabilities 284 284 — 284 — $ 1,911,147 $ 1,909,023 $ — $ 1,909,023 $ — December 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 $ 52,631 $ 52,631 $ — $ 52,631 $ — Securities available for sale 328,723 328,723 — 328,723 — Other investments 14,934 14,934 — 14,934 — Loans held for sale, net — — — — — Loans, net 1,593,744 1,592,821 — 1,661 1,591,160 Accrued interest receivable 8,329 8,329 — 8,329 — Derivative financial assets 312 312 — 312 — $ 1,998,673 $ 1,997,750 $ — $ 406,590 $ 1,591,160 Financial liabilities Deposits $ 1,600,601 $ 1,620,033 $ — $ 1,620,033 $ — Short-term borrowings 250,499 250,499 — 250,499 — Long-term borrowings 45,751 46,530 — 46,530 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 987 987 — 987 — Derivative financial liabilities 2,057 2,057 — 2,057 — $ 1,919,484 $ 1,939,695 $ — $ 1,939,695 $ — |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted | The computations of basic and diluted earnings per share follow: For the Three Months Ended September 30, 2018 2017 Dollars in thousands, except per share amounts Income (Numerator) Common Shares (Denominator) Per Share Income (Numerator) Common Shares (Denominator) Per Share Net income $ 6,899 $ 5,930 Basic earnings per share $ 6,899 12,374,350 $ 0.56 $ 5,930 12,299,987 $ 0.48 Effect of dilutive securities: Stock options 7,349 10,911 Stock appreciation rights (SARs) 57,352 8,061 Diluted earnings per share $ 6,899 12,439,051 $ 0.55 $ 5,930 12,318,959 $ 0.48 For the Nine Months Ended September 30, 2018 2017 Dollars in thousands, except per share amounts Income (Numerator) Common Shares (Denominator) Per Share Income (Numerator) Common Shares (Denominator) Per Share Net income $ 20,622 $ 9,592 Basic earnings per share $ 20,622 12,366,612 $ 1.67 $ 9,592 11,781,342 $ 0.81 Effect of dilutive securities: Stock options 7,561 11,336 Stock appreciation rights (SARs) 56,054 14,324 Diluted earnings per share $ 20,622 12,430,227 $ 1.66 $ 9,592 11,807,002 $ 0.81 |
Securities (Tables)
Securities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Debt Securities, Available-for-sale [Abstract] | |
Available-for-sale Securities | The amortized cost, unrealized gains, unrealized losses and estimated fair values of securities at September 30, 2018 and December 31, 2017 are summarized as follows: September 30, 2018 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 27,504 $ 163 $ 388 $ 27,279 Residential mortgage-backed securities: Government-sponsored agencies 73,931 557 1,546 72,942 Nongovernment-sponsored entities 682 4 1 685 State and political subdivisions General obligations 6,084 — 266 5,818 Other revenues 13,462 — 506 12,956 Corporate debt securities 11,914 — 227 11,687 Asset-backed securities 21,861 10 79 21,792 Total taxable debt securities 155,438 734 3,013 153,159 Tax-exempt debt securities State and political subdivisions General obligations 72,299 239 1,200 71,338 Water and sewer revenues 18,921 75 214 18,782 Lease revenues 13,305 32 57 13,280 Electric revenues 4,170 15 63 4,122 Other revenues 27,828 27 633 27,222 Total tax-exempt debt securities 136,523 388 2,167 134,744 Equity securities 137 — — 137 Total securities available for sale $ 292,098 $ 1,122 $ 5,180 $ 288,040 December 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 $ 31,260 $ 498 $ 145 $ 31,613 Residential mortgage-backed securities: Government-sponsored agencies 120,948 1,276 903 121,321 Nongovernment-sponsored entities 2,045 39 7 2,077 State and political subdivisions General obligations 6,090 — 55 6,035 Other revenues 11,657 47 62 11,642 Corporate debt securities 16,375 — 130 16,245 Total taxable debt securities 188,375 1,860 1,302 188,933 Tax-exempt debt securities State and political subdivisions General obligations 65,560 1,530 198 66,892 Water and sewer revenues 23,108 566 3 23,671 Lease revenues 13,024 451 2 13,473 Electric revenues 6,205 128 — 6,333 Sales tax revenues 4,126 140 — 4,266 University revenues 5,272 38 9 5,301 Other revenues 19,101 616 — 19,717 Total tax-exempt debt securities 136,396 3,469 212 139,653 Equity securities 137 — — 137 Total securities available for sale $ 324,908 $ 5,329 $ 1,514 $ 328,723 |
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. September 30, 2018 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Texas $ 21,796 $ 65 $ 202 $ 21,659 California 18,021 39 438 17,622 Michigan 14,631 40 311 14,360 West Virginia 13,258 50 179 13,129 Illinois 11,014 72 234 10,852 |
Investments Classified by Contractual Maturity Date | The maturities, amortized cost and estimated fair values of securities at September 30, 2018 , are summarized as follows: Dollars in thousands Amortized Cost Estimated Fair Value Due in one year or less $ 26,929 $ 26,769 Due from one to five years 49,907 49,401 Due from five to ten years 47,782 46,343 Due after ten years 167,343 165,390 Equity securities 137 137 $ 292,098 $ 288,040 |
Schedule of Realized Gain (Loss) | The proceeds from sales, calls and maturities of securities available for sale, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized, for the nine months ended September 30, 2018 and 2017 are as follows: Proceeds from Gross realized Dollars in thousands Sales Calls and Maturities Principal Payments Gains Losses For the Nine Months Ended 2018 Securities available for sale $ 92,048 $ 1,050 $ 19,770 $ 1,754 $ 926 2017 Securities available for sale $ 131,345 $ 2,610 $ 24,349 $ 416 $ 358 |
Schedule of Unrealized Loss on Investments | Provided below is a summary of securities available for sale which were in an unrealized loss position at September 30, 2018 and December 31, 2017 . September 30, 2018 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 $ 17,532 $ (309 ) $ 3,166 $ (79 ) $ 20,698 $ (388 ) Residential mortgage-backed securities: Government-sponsored agencies 20,636 (586 ) 18,981 (960 ) 39,617 (1,546 ) Nongovernment-sponsored entities — — 501 (1 ) 501 (1 ) State and political subdivisions: General obligations 4,615 (227 ) 1,203 (39 ) 5,818 (266 ) Other revenues 8,339 (284 ) 4,617 (222 ) 12,956 (506 ) Corporate debt securities 984 (16 ) 4,574 (211 ) 5,558 (227 ) Asset-backed securities 16,308 (79 ) — — 16,308 (79 ) Tax-exempt debt securities State and political subdivisions: General obligations 42,996 (971 ) 5,002 (229 ) 47,998 (1,200 ) Water and sewer revenues 10,916 (214 ) — — 10,916 (214 ) Lease revenues 7,736 (57 ) — — 7,736 (57 ) Electric revenues 2,407 (63 ) — — 2,407 (63 ) Other revenues 20,865 (560 ) 1,667 (73 ) 22,532 (633 ) Total temporarily impaired securities 153,334 (3,366 ) 39,711 (1,814 ) 193,045 (5,180 ) Total $ 153,334 $ (3,366 ) $ 39,711 $ (1,814 ) $ 193,045 $ (5,180 ) December 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 $ 10,864 $ (91 ) $ 2,394 $ (54 ) $ 13,258 $ (145 ) Residential mortgage-backed securities: Government-sponsored agencies 32,156 (269 ) 22,584 (634 ) 54,740 (903 ) Nongovernment-sponsored entities 5 — 810 (7 ) 815 (7 ) State and political subdivisions: General obligations 6,035 (55 ) — — 6,035 (55 ) Other revenues 7,532 (62 ) — — 7,532 (62 ) Corporate debt securities 3,008 (39 ) 1,659 (91 ) 4,667 (130 ) Tax-exempt debt securities State and political subdivisions: General obligations 2,999 (20 ) 9,937 (178 ) 12,936 (198 ) Water and sewer revenues 282 (3 ) — — 282 (3 ) Lease revenues 569 (2 ) — — 569 (2 ) University revenues 1,749 (9 ) — — 1,749 (9 ) Total temporarily impaired securities 65,199 (550 ) 37,384 (964 ) 102,583 (1,514 ) Total $ 65,199 $ (550 ) $ 37,384 $ (964 ) $ 102,583 $ (1,514 ) |
Loans (Tables)
Loans (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Loans and Leases Receivable Disclosure [Abstract] | |
Summary of Loans, Net of Unearned Fees | Loans are summarized as follows: Dollars in thousands September 30, December 31, Commercial $ 167,972 $ 189,981 Commercial real estate Owner-occupied 272,475 250,202 Non-owner occupied 530,568 484,902 Construction and development Land and land development 71,819 67,219 Construction 25,703 33,412 Residential real estate Non-jumbo 340,783 354,101 Jumbo 72,327 62,267 Home equity 82,018 84,028 Mortgage warehouse lines 35,910 30,757 Consumer 33,664 36,202 Other 12,452 13,238 Total loans, net of unearned fees 1,645,691 1,606,309 Less allowance for loan losses 12,944 12,565 Loans, net $ 1,632,747 $ 1,593,744 |
Schedule of Acquired Loans | The outstanding balance and the recorded investment of acquired loans included in the consolidated balance sheet at September 30, 2018 and December 31, 2017 are as follows: Acquired Loans September 30, 2018 December 31, 2017 Dollars in thousands Purchased Credit Impaired Purchased Performing Total Purchased Credit Impaired Purchased Performing Total Outstanding balance $ 5,228 $ 159,567 $ 164,795 $ 5,923 $ 220,131 $ 226,054 Recorded investment Commercial $ — $ 7,969 $ 7,969 $ 9 $ 25,125 $ 25,134 Commercial real estate Owner-occupied 682 18,620 19,302 689 21,893 22,582 Non-owner occupied 1,314 28,492 29,806 1,837 33,293 35,130 Construction and development Land and land development — 6,066 6,066 — 7,512 7,512 Construction — — — — 2,760 2,760 Residential real estate Non-jumbo 1,407 84,482 85,889 1,485 109,570 111,055 Jumbo 976 2,598 3,574 999 3,400 4,399 Home equity — 2,839 2,839 — 3,311 3,311 Consumer — 6,793 6,793 — 11,229 11,229 Other — 129 129 — 211 211 Total recorded investment $ 4,379 $ 157,988 $ 162,367 $ 5,019 $ 218,304 $ 223,323 |
Summary of Change in Accretable Yield PCI Loans | The following table presents a summary of the change in the accretable yield of the purchased credit impaired ("PCI") loan portfolio for the three and nine months ended September 30, 2018 and 2017 : For the Three Months Ended September 30, For the Nine Months Ended September 30, Dollars in thousands 2018 2017 2018 2017 Accretable yield $ 676 $ 851 $ 745 $ 290 Accretion (12 ) (49 ) (81 ) (135 ) Additions for First Century Bankshares, Inc. acquisition — — — 661 Reclassification of nonaccretable difference due to improvement in expected cash flows — — — — Other changes, net — 1 — (13 ) Accretable yield, September 30 $ 664 $ 803 $ 664 $ 803 |
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 September 30, 2018 and December 31, 2017 . At September 30, 2018 Past Due > 90 days and Accruing Dollars in thousands 30-59 days 60-89 days > 90 days Total Current Commercial $ 550 $ 266 $ 391 $ 1,207 $ 166,765 $ — Commercial real estate Owner-occupied 612 — 2,326 2,938 269,537 1,991 Non-owner occupied 385 67 2,227 2,679 527,889 — Construction and development Land and land development 120 277 3,196 3,593 68,226 — Construction — — — — 25,703 — Residential mortgage Non-jumbo 4,854 1,397 4,685 10,936 329,847 68 Jumbo — — — — 72,327 — Home equity 95 — 92 187 81,831 — Mortgage warehouse lines — — — — 35,910 — Consumer 259 102 113 474 33,190 156 Other — — — — 12,452 — Total $ 6,875 $ 2,109 $ 13,030 $ 22,014 $ 1,623,677 $ 2,215 At December 31, 2017 Past Due > 90 days and Accruing Dollars in thousands 30-59 days 60-89 days > 90 days Total Current Commercial $ 488 $ 98 $ 229 $ 815 $ 189,166 $ — Commercial real estate Owner-occupied 626 162 507 1,295 248,907 — Non-owner occupied 369 150 2,065 2,584 482,318 237 Construction and development Land and land development 1,132 — 3,563 4,695 62,524 — Construction — — — — 33,412 — Residential mortgage Non-jumbo 4,220 2,379 4,451 11,050 343,051 — Jumbo — — — — 62,267 — Home equity 1,978 — 530 2,508 81,520 — Mortgage warehouse lines — — — — 30,757 — Consumer 417 196 167 780 35,422 37 Other — — — — 13,238 — Total $ 9,230 $ 2,985 $ 11,512 $ 23,727 $ 1,582,582 $ 274 |
Schedule of Financing Receivables, Non Accrual Status | The following table presents the nonaccrual loans included in the net balance of loans at September 30, 2018 and December 31, 2017 . September 30, December 31, Dollars in thousands 2018 2017 Commercial $ 801 $ 696 Commercial real estate Owner-occupied 551 726 Non-owner occupied 2,548 2,201 Construction and development Land & land development 3,200 3,569 Construction — — Residential mortgage Non-jumbo 7,371 6,944 Jumbo — — Home equity 204 712 Mortgage warehouse lines — — Consumer 80 201 Total $ 14,755 $ 15,049 |
Impaired Financing Receivables | The following tables present loans individually evaluated for impairment at September 30, 2018 and December 31, 2017 . September 30, 2018 Dollars in thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Impaired Balance Interest Income Recognized while impaired Without a related allowance Commercial $ 4,400 $ 4,400 $ — $ 438 $ 12 Commercial real estate Owner-occupied 9,007 9,012 — 7,630 308 Non-owner occupied 9,106 9,108 — 9,175 487 Construction and development Land & land development 4,128 4,128 — 4,291 63 Construction — — — — — Residential real estate Non-jumbo 4,448 4,458 — 3,572 161 Jumbo 3,480 3,479 — 3,504 167 Home equity 523 523 — 523 30 Mortgage warehouse lines — — — — — Consumer 11 11 — 13 1 Total without a related allowance $ 35,103 $ 35,119 $ — $ 29,146 $ 1,229 With a related allowance Commercial $ 83 $ 83 $ 26 $ 72 $ — Commercial real estate Owner-occupied 2,369 2,369 271 2,392 117 Non-owner occupied 708 714 88 749 17 Construction and development Land & land development 1,756 1,756 772 1,773 98 Construction — — — — — Residential real estate Non-jumbo 2,932 2,932 588 2,425 97 Jumbo 826 826 107 830 48 Home equity — — — — — Mortgage warehouse lines — — — — — Consumer — — — — — Total with a related allowance $ 8,674 $ 8,680 $ 1,852 $ 8,241 $ 377 Total Commercial $ 31,557 $ 31,570 $ 1,157 $ 26,520 $ 1,102 Residential real estate 12,209 12,218 695 10,854 503 Consumer 11 11 — 13 1 Total $ 43,777 $ 43,799 $ 1,852 $ 37,387 $ 1,606 The table above does not include PCI loans. December 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 $ 243 $ 243 $ — $ 259 $ 13 Commercial real estate Owner-occupied 7,109 7,111 — 5,149 265 Non-owner occupied 9,105 9,106 — 9,736 684 Construction and development Land & land development 5,018 5,018 — 4,743 329 Construction — — — — — Residential real estate Non-jumbo 4,190 4,199 — 4,214 240 Jumbo 3,555 3,554 — 3,592 228 Home equity 523 523 — 523 35 Mortgage warehouse lines — — — — — Consumer 17 17 — 28 3 Total without a related allowance $ 29,760 $ 29,771 $ — $ 28,244 $ 1,797 With a related allowance Commercial $ 252 $ 252 $ 252 $ 262 $ — Commercial real estate Owner-occupied 2,436 2,436 125 2,451 161 Non-owner occupied 1,338 1,344 517 676 43 Construction and development Land & land development 1,464 1,464 524 1,477 74 Construction — — — — — Residential real estate Non-jumbo 1,717 1,718 158 1,691 100 Jumbo 838 839 14 845 57 Home equity — — — — — Mortgage warehouse lines — — — — — Consumer — — — — — Total with a related allowance $ 8,045 $ 8,053 $ 1,590 $ 7,402 $ 435 Total Commercial $ 26,965 $ 26,974 $ 1,418 $ 24,753 $ 1,569 Residential real estate 10,823 10,833 172 10,865 660 Consumer 17 17 — 28 3 Total $ 37,805 $ 37,824 $ 1,590 $ 35,646 $ 2,232 The table above does not include PCI loans. |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | The following tables present by class the TDRs that were restructured during the three and nine months ended September 30, 2018 and September 30, 2017 . 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 real estate Owner-occupied — $ — $ — 1 $ 2,302 $ 2,302 Non-owner occupied — — — 1 148 148 Construction and development Land & land development — — — 1 438 438 Residential real estate Non-jumbo 2 94 94 — — — Total 2 $ 94 $ 94 3 $ 2,888 $ 2,888 For the Nine Months Ended For the Nine 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 2 $ 157 $ 157 — $ — $ — Commercial real estate Owner-occupied — $ — $ — 1 2,302 2,302 Non-owner occupied — — — 1 148 148 Construction and development Land & land development — — — 1 438 438 Residential real estate Non-jumbo 8 899 899 5 1,086 1,086 Total 10 $ 1,056 $ 1,056 8 $ 3,974 $ 3,974 |
Schedule of Defaults During Stated Period of Trouble Debt Restructurings | The following tables present 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 For the Three Months Ended Dollars in thousands Number of Defaults Recorded Investment at Default Date Number of Defaults Recorded Investment at Default Date Construction and development Land & land development — $ — 1 $ 437 Residential real estate Non-jumbo — — 4 1,104 Total — $ — 5 $ 1,541 For the Nine Months Ended For the Nine Months Ended Dollars in thousands Number of Defaults Recorded Investment at Default Date Number of Defaults Recorded Investment at Default Date Commercial 2 $ 157 — $ — Commercial real estate Non-owner occupied 1 341 — — Construction and development Land & land development — — 1 437 Residential real estate Non-jumbo 3 628 4 1,204 Total 6 $ 1,126 5 $ 1,641 |
Schedule of the Activity Regarding TDRs by Loan Type | The following tables detail the activity regarding TDRs by loan type, net of fees, for the three and nine months ended September 30, 2018 , and the related allowance on TDRs. For the Three Months Ended September 30, 2018 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 July 1, 2018 $ 2,948 $ — $ 293 $ 9,433 $ 5,306 $ 4,972 $ 4,339 $ 523 $ — $ 13 $ — $ 27,827 Additions — — — — — 94 — — — — — 94 Charge-offs — — — — — — — — — — — — Net (paydowns) advances (203 ) — (13 ) (48 ) (38 ) (31 ) (33 ) — — (2 ) — (368 ) Transfer into foreclosed properties — — — — — — — — — — — — Refinance out of TDR status — — — — — — — — — — — — Balance, September 30, 2018 $ 2,745 $ — $ 280 $ 9,385 $ 5,268 $ 5,035 $ 4,306 $ 523 $ — $ 11 $ — $ 27,553 Allowance related to troubled debt restructurings $ 772 $ — $ — $ 271 $ 12 $ 210 $ 107 $ — $ — $ — $ — $ 1,372 For the Nine Months Ended September 30, 2018 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, 2018 $ 3,043 $ — $ 412 $ 9,545 $ 5,234 $ 5,195 $ 4,393 $ 523 $ — $ 18 $ — $ 28,363 Additions — — 157 — — 899 — — — — — 1,056 Charge-offs — — — — — (55 ) — — — — — (55 ) Net (paydowns) advances (298 ) — (289 ) (160 ) 34 (1,004 ) (87 ) — — (7 ) — (1,811 ) Transfer into foreclosed properties — — — — — — — — — — — — Refinance out of TDR status — — — — — — — — — — — — Balance, September 30, 2018 $ 2,745 $ — $ 280 $ 9,385 $ 5,268 $ 5,035 $ 4,306 $ 523 $ — $ 11 $ — $ 27,553 Allowance related to troubled debt restructurings $ 772 $ — $ — $ 271 $ 12 $ 210 $ 107 $ — $ — $ — $ — $ 1,372 |
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 9/30/2018 12/31/2017 9/30/2018 12/31/2017 9/30/2018 12/31/2017 9/30/2018 12/31/2017 9/30/2018 12/31/2017 9/30/2018 12/31/2017 Pass $ 66,657 $ 60,850 $ 25,560 $ 33,412 $ 161,682 $ 186,941 $ 264,991 $ 242,702 $ 522,182 $ 474,522 $ 35,910 $ 30,757 OLEM (Special Mention) 567 1,397 143 — 1,520 2,267 2,380 3,534 1,549 2,221 — — Substandard 4,595 4,972 — — 4,770 773 5,104 3,966 6,837 8,159 — — Doubtful — — — — — — — — — — — — Loss — — — — — — — — — — — — Total $ 71,819 $ 67,219 $ 25,703 $ 33,412 $ 167,972 $ 189,981 $ 272,475 $ 250,202 $ 530,568 $ 484,902 $ 35,910 $ 30,757 |
Schedule of Recorded Investment Evaluated Based on Aging Status of Loans and Payment Activity | The following table presents the recorded investment and payment activity in consumer, residential real estate, and home equity loans, which are generally evaluated based on the aging status of the loans. Performing Nonperforming Dollars in thousands 9/30/2018 12/31/2017 9/30/2018 12/31/2017 Residential real estate Non-jumbo $ 333,227 $ 347,183 $ 7,556 $ 6,918 Jumbo 72,327 62,267 — — Home Equity 81,814 83,316 204 712 Consumer 33,545 35,932 119 270 Other 12,452 13,238 — — Total $ 533,365 $ 541,936 $ 7,879 $ 7,900 |
Allowance For Loan Losses (Tabl
Allowance For Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Allowance for Loan and Lease Losses Write-offs, Net [Abstract] | |
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent | An analysis of the allowance for loan losses for the nine month period ended September 30, 2018 and for the year ended December 31, 2017 is as follows: September 30, December 31, Dollars in thousands 2018 2017 Balance, beginning of year $ 12,565 $ 11,674 Charge-offs: Commercial 248 23 Commercial real estate Owner occupied 38 5 Non-owner occupied 500 65 Construction and development Land and land development 222 3 Construction — 33 Residential real estate Non-jumbo 460 359 Jumbo — 2 Home equity 25 158 Mortgage warehouse lines — — Consumer 195 389 Other 211 251 Total 1,899 1,288 Recoveries: Commercial 12 124 Commercial real estate Owner occupied 19 89 Non-owner occupied — 91 Construction and development Land and land development 217 278 Construction — — Residential real estate Non-jumbo 75 134 Jumbo — — Home equity 7 30 Mortgage warehouse lines — — Consumer 107 82 Other 91 101 Total 528 929 Net charge-offs 1,371 359 Provision for loan losses 1,750 1,250 Balance, end of period $ 12,944 $ 12,565 |
Allowance for Credit Losses on Financing Receivables | The following table presents the activity in the allowance for loan losses, balance in the allowance for loan losses and recorded investment in loans by portfolio segment and based on impairment during the first nine months of 2018 and for the year ended 2017: For the Nine Months Ended September 30, 2018 At September 30, 2018 At September 30, 2018 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 (PCI) Total Loans individua- lly evaluated for impairm- ent Loans collective- ly evaluated for impairm- ent Loans Total Commercial $ 1,303 $ (248 ) $ 12 $ (68 ) $ 999 $ 26 $ 973 $ — $ 999 $ 4,483 $ 163,489 $ — $ 167,972 Commercial real estate Owner occupied 2,424 (38 ) 19 321 2,726 271 2,455 — 2,726 11,376 260,417 682 272,475 Non-owner occupied 4,950 (500 ) — 779 5,229 88 5,138 3 5,229 9,814 519,440 1,314 530,568 Construction and development Land and land development 641 (222 ) 217 161 797 772 25 — 797 5,884 65,935 — 71,819 Construction 153 — — (40 ) 113 — 113 — 113 — 25,703 — 25,703 Residential real estate Non-jumbo 1,911 (460 ) 75 691 2,217 588 1,620 9 2,217 7,380 331,996 1,407 340,783 Jumbo 72 — — 311 383 107 276 — 383 4,306 67,045 976 72,327 Home equity 638 (25 ) 7 (469 ) 151 — 151 — 151 523 81,495 — 82,018 Mortgage warehouse lines — — — — — — — — — — 35,910 — 35,910 Consumer 210 (195 ) 107 69 191 — 191 — 191 11 33,653 — 33,664 Other 263 (211 ) 91 (5 ) 138 — 138 — 138 — 12,452 — 12,452 Total $ 12,565 $ (1,899 ) $ 528 $ 1,750 $ 12,944 $ 1,852 $ 11,080 $ 12 $ 12,944 $ 43,777 $ 1,597,535 $ 4,379 $ 1,645,691 For the Year Ended December 31, 2017 At December 31, 2017 At December 31, 2017 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 (PCI) Total Loans individua- lly evaluated for impairm- ent Loans collective- ly evaluated for impairm- ent Loans Total Commercial $ 934 $ (23 ) $ 124 $ 268 $ 1,303 $ 252 $ 1,051 $ — $ 1,303 $ 495 $ 189,477 $ 9 $ 189,981 Commercial real estate Owner occupied 2,109 (5 ) 89 231 2,424 125 2,299 — 2,424 9,545 239,968 689 250,202 Non-owner occupied 3,438 (65 ) 91 1,486 4,950 517 4,432 1 4,950 10,443 472,622 1,837 484,902 Construction and development Land and land development 2,263 (3 ) 278 (1,897 ) 641 524 117 — 641 6,482 60,737 — 67,219 Construction 24 (33 ) — 162 153 — 153 — 153 — 33,412 — 33,412 Residential real estate Non-jumbo 2,174 (359 ) 134 (38 ) 1,911 158 1,747 6 1,911 5,907 346,709 1,485 354,101 Jumbo 95 (2 ) — (21 ) 72 14 58 — 72 4,393 56,875 999 62,267 Home equity 413 (158 ) 30 353 638 — 638 — 638 523 83,505 — 84,028 Mortgage warehouse lines — — — — — — — — — — 30,757 — 30,757 Consumer 121 (389 ) 82 396 210 — 210 — 210 17 36,185 — 36,202 Other 103 (251 ) 101 310 263 — 263 — 263 — 13,238 — 13,238 Total $ 11,674 $ (1,288 ) $ 929 $ 1,250 $ 12,565 $ 1,590 $ 10,968 $ 7 $ 12,565 $ 37,805 $ 1,563,485 $ 5,019 $ 1,606,309 |
Goodwill And Other Intangible_2
Goodwill And Other Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Goodwill | The following tables present our goodwill by reporting unit at September 30, 2018 and other intangible assets by reporting unit at September 30, 2018 and December 31, 2017 . Goodwill Activity Dollars in thousands Community Banking Insurance Services Total Balance, January 1, 2018 $ 10,562 $ 4,710 $ 15,272 Reclassifications to goodwill — — — Acquired goodwill, net — — — Balance, September 30, 2018 $ 10,562 $ 4,710 $ 15,272 |
Summary of Other Intangible Assets | Other Intangible Assets September 30, 2018 December 31, 2017 Dollars in thousands Community Banking Insurance Services Total Community Banking Insurances Services Total Identifiable intangible assets Gross carrying amount $ 12,598 $ 3,000 $ 15,598 $ 12,598 $ 3,000 $ 15,598 Less: accumulated amortization 2,368 2,250 4,618 1,257 2,100 3,357 Net carrying amount $ 10,230 $ 750 $ 10,980 $ 11,341 $ 900 $ 12,241 |
Finite-lived Intangible Assets Amortization Expense | Amortization relative to our identifiable intangible assets is expected to approximate the following during the next five years: Core Deposit Customer Dollars in thousands Intangible Intangible 2018 $ 1,471 $ 200 2019 1,368 200 2020 1,265 200 2021 1,162 200 2022 1,060 100 |
Deposits (Tables)
Deposits (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Deposits [Abstract] | |
Summary of Interest Bearing Deposits By Type | The following is a summary of interest bearing deposits by type as of September 30, 2018 and December 31, 2017 : Dollars in thousands September 30, December 31, Demand deposits, interest bearing $ 505,411 $ 410,606 Savings deposits 301,269 358,168 Time deposits 611,687 614,334 Total $ 1,418,367 $ 1,383,108 |
Summary of Scheduled Maturities For All Time Deposits | A summary of the scheduled maturities for all time deposits as of September 30, 2018 is as follows: Dollars in thousands Three month period ending December 31, 2018 $ 67,407 Year ending December 31, 2019 226,878 Year ending December 31, 2020 145,160 Year ending December 31, 2021 76,228 Year ending December 31, 2022 33,296 Thereafter 62,718 Total $ 611,687 |
Borrowed Funds (Tables)
Borrowed Funds (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Debt Disclosure [Abstract] | |
Schedule of Short-term Debt | Short-term borrowings: A summary of short-term borrowings is presented below: Nine Months Ended September 30, 2018 2017 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 September 30 $ 233,300 $ 5,103 $ 199,500 $ 3,488 Average balance outstanding for the period 209,877 4,128 196,728 3,474 Maximum balance outstanding at any month end during period 262,000 7,534 229,300 3,488 Weighted average interest rate for the period 2.01 % 1.80 % 1.10 % 1.03 % Weighted average interest rate for balances outstanding at September 30 2.41 % 2.25 % 1.32 % 1.25 % Year Ended December 31, 2017 Dollars in thousands Short-term FHLB Advances Short-term Repurchase Agreements Federal Funds Purchased and Lines of Credit Balance at December 31 $ 247,000 $ — 3,499 Average balance outstanding for the period 201,712 519 3,512 Maximum balance outstanding at any month end during period 247,000 — 3,499 Weighted average interest rate for the period 1.19 % 0.12 % 1.10 % Weighted average interest rate for balances outstanding at December 31 1.60 % — % 1.50 % |
Schedule of Long-term Debt Instruments | 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 September 30, Balance at Dollars in thousands 2018 2017 Long-term FHLB advances $ 739 $ 751 Long-term repurchase agreements — 45,000 Total $ 739 $ 45,751 |
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, 2018 $ 4 $ — 2019 18 — 2020 18 — 2021 20 — 2022 21 — Thereafter 658 19,589 $ 739 $ 19,589 |
Share Based Compensation (Table
Share Based Compensation (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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 granted 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 7.0 years |
Schedule of Share-based Compensation, Stock Options, Activity | A summary of activity in our Plans during the first nine months of 2018 and 2017 is as follows: For the Nine Months Ended September 30, 2018 Options/SARs Aggregate Intrinsic Value Remaining Contractual Term (Yrs.) Weighted-Average Exercise Price Outstanding, January 1 250,291 $ 17.75 Granted — — Exercised (1,600 ) 17.79 Forfeited (3,200 ) 25.50 Expired — — Outstanding, September 30 245,491 $ 1,645 6.62 $ 17.65 Exercisable, September 30 109,324 $ 898 5.55 $ 15.77 For the Nine Months Ended September 30, 2017 Options/SARs Aggregate Intrinsic Value Remaining Contractual Term (Yrs.) Weighted-Average Exercise Price Outstanding, January 1 217,857 $ 13.56 Granted 87,615 26.01 Exercised (2,000 ) 6.21 Forfeited — — Expired — — Outstanding, September 30 303,472 $ 2,604 7.11 $ 17.20 Exercisable, September 30 115,827 $ 1,239 5.01 $ 15.02 |
Commitments And Contingencies (
Commitments And Contingencies (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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 September 30, Commitments to extend credit: Revolving home equity and credit card lines $ 69,263 Construction loans 92,280 Other loans 177,079 Standby letters of credit 6,092 Total $ 344,714 |
Regulatory Matters (Tables)
Regulatory Matters (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Banking and Thrift [Abstract] | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations | The following table presents Summit's, as well as Summit Community's, actual and required minimum capital amounts and ratios as of September 30, 2018 and December 31, 2017 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 September 30, 2018 CET1 (to risk weighted assets) Summit $ 192,823 11.1 % N/A N/A N/A N/A Summit Community 207,725 12.0 % 121,173 7.0 % 112,518 6.5 % Tier I Capital (to risk weighted assets) Summit 211,823 12.2 % N/A N/A N/A N/A Summit Community 207,725 12.0 % 147,139 8.5 % 138,483 8.0 % Total Capital (to risk weighted assets) Summit 224,767 12.9 % N/A N/A N/A N/A Summit Community 220,669 12.7 % 182,443 10.5 % 173,755 10.0 % Tier I Capital (to average assets) Summit 211,823 10.1 % N/A N/A N/A N/A Summit Community 207,725 9.9 % 83,929 4.0 % 104,912 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, 2017 CET1 (to risk weighted assets) Summit 177,010 10.6 % 116,893 7.0 % 108,544 6.5 % Summit Community 195,008 11.7 % 116,671 7.0 % 108,338 6.5 % Tier I Capital (to risk weighted assets) Summit 196,010 11.8 % 141,194 8.5 % 132,888 8.0 % Summit Community 195,008 11.7 % 141,672 8.5 % 133,339 8.0 % Total Capital (to risk weighted assets) Summit 208,575 12.5 % 175,203 10.5 % 166,860 10.0 % Summit Community 207,573 12.5 % 174,361 10.5 % 166,058 10.0 % Tier I Capital (to average assets) Summit 196,010 9.4 % 83,409 4.0 % 104,261 5.0 % Summit Community 195,008 9.4 % 82,982 4.0 % 103,728 5.0 % |
Segment Information (Tables)
Segment Information (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment | Information for each of our segments is included below: Three Months Ended September 30, 2018 Dollars in thousands Community Banking Trust and Wealth Management Insurance Services Parent Eliminations Total Net interest income $ 17,441 $ — $ — $ (228 ) $ — $ 17,213 Provision for loan losses 500 — — — — 500 Net interest income after provision for loan losses 16,941 — — (228 ) — 16,713 Other income 2,490 687 1,034 389 (389 ) 4,211 Other expenses 10,696 551 879 621 (389 ) 12,358 Income (loss) before income taxes 8,735 136 155 (460 ) — 8,566 Income tax expense (benefit) 1,677 33 43 (86 ) — 1,667 Net income (loss) $ 7,058 $ 103 $ 112 $ (374 ) $ — $ 6,899 Inter-segment revenue (expense) $ (359 ) $ — $ (30 ) $ 389 $ — $ — Average assets $ 2,130,483 $ — $ 6,121 $ 234,693 $ (257,897 ) $ 2,113,400 Capital expenditures $ 1,411 $ — $ 11 $ — $ — $ 1,422 Three Months Ended September 30, 2017 Dollars in thousands Community Banking Trust and Wealth Management Insurance Services Parent Eliminations Total Net interest income $ 17,408 $ — $ — $ (176 ) $ — $ 17,232 Provision for loan losses 375 — — — — 375 Net interest income after provision for loan losses 17,033 — — (176 ) — 16,857 Other income 2,408 589 1,003 491 (491 ) 4,000 Other expenses 10,844 546 814 734 (491 ) 12,447 Income (loss) before income taxes 8,597 43 189 (419 ) — 8,410 Income tax expense (benefit) 2,482 16 92 (110 ) — 2,480 Net income (loss) $ 6,115 $ 27 $ 97 $ (309 ) $ — $ 5,930 Inter-segment revenue (expense) $ (451 ) $ — $ (40 ) $ 491 $ — $ — Average assets $ 2,110,832 $ — $ 6,288 $ 217,928 $ (246,788 ) $ 2,088,260 Capital expenditures $ 1,497 $ — $ — $ — $ — $ 1,497 Nine Months Ended September 30, 2018 Dollars in thousands Community Banking Trust and Wealth Management Insurance Services Parent Eliminations Total Net interest income $ 52,385 $ — $ — $ (640 ) $ — $ 51,745 Provision for loan losses 1,750 — — — — 1,750 Net interest income after provision for loan losses 50,635 — — (640 ) — 49,995 Other income 8,052 2,026 3,157 1,166 (1,166 ) 13,235 Other expenses 32,270 1,561 2,728 2,014 (1,166 ) 37,407 Income (loss) before income taxes 26,417 465 429 (1,488 ) — 25,823 Income tax expense (benefit) 5,251 112 111 (273 ) — 5,201 Net income (loss) $ 21,166 $ 353 $ 318 $ (1,215 ) $ — $ 20,622 Inter-segment revenue (expense) $ (1,077 ) $ — $ (89 ) $ 1,166 $ — $ — Average assets $ 2,135,416 $ — $ 6,059 $ 229,597 $ (252,772 ) $ 2,118,300 Capital expenditures $ 4,178 $ — $ 24 $ 86 $ — $ 4,288 Nine Months Ended September 30, 2017 Dollars in thousands Community Banking Trust and Wealth Management Insurance Services Parent Eliminations Total Net interest income $ 49,220 $ — $ — $ (511 ) $ — $ 48,709 Provision for loan losses 875 — — — — 875 Net interest income after provision for loan losses 48,345 — — (511 ) — 47,834 Other income 6,280 1,284 2,932 1,473 (1,473 ) 10,496 Other expenses 41,351 1,219 2,495 1,807 (1,473 ) 45,399 Income (loss) before income taxes 13,274 65 437 (845 ) — 12,931 Income tax expense (benefit) 3,386 24 190 (261 ) — 3,339 Net income (loss) $ 9,888 $ 41 $ 247 $ (584 ) $ — $ 9,592 Inter-segment revenue (expense) $ (1,353 ) $ — $ (120 ) $ 1,473 $ — $ — Average assets $ 1,994,042 $ — $ 6,197 $ 203,459 $ (232,211 ) $ 1,971,487 Capital expenditures $ 5,544 $ — $ 36 $ 92 $ — $ 5,672 |
Derivative Financial Instrume_2
Derivative Financial Instruments (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Interest Rate Derivatives | A summary of our derivative financial instruments as of September 30, 2018 and December 31, 2017 follows: September 30, 2018 Notional Amount Derivative Fair Value Net Ineffective Dollars in thousands Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 110,000 $ — $ 284 $ — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 19,543 $ 1,063 $ — $ — December 31, 2017 Notional Amount Derivative Fair Value Net Ineffective Dollars in thousands Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 110,000 $ — $ 2,057 $ — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 19,965 $ 312 $ — $ — |
Acquisitions Acquisitions (Tabl
Acquisitions Acquisitions (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Business Combinations [Abstract] | |
Financial Effects of Purchase Accounting Adjustments [Table Text Block] | The following presents the financial effects of adjustments recognized in the statement of income for the three months and nine months ended September 30, 2018 and 2017 related to business combinations that occurred during 2016 and 2017. Income increase (decrease) Three Months Ended September 30, Nine Months Ended September 30, Dollars in thousands 2018 2017 2018 2017 Interest and fees on loans $ 38 $ 224 $ 239 $ 712 Interest expense on deposits 48 76 162 167 Amortization of intangibles (363 ) (398 ) (1,111 ) (825 ) Income before income tax expense $ (277 ) $ (98 ) $ (710 ) $ 54 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The following is changes in accumulated other comprehensive (loss) income by component, net of tax, for the three and nine months ending September 30, 2018 and 2017 . For the Three Months Ended Dollars in thousands Gains and Losses on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ 398 $ (472 ) $ (912 ) $ (986 ) Other comprehensive income (loss) before reclassification — 255 (2,168 ) (1,913 ) Amounts reclassified from accumulated other comprehensive income — — (6 ) (6 ) Net current period other comprehensive income (loss) — 255 (2,174 ) (1,919 ) Ending balance $ 398 $ (217 ) $ (3,086 ) $ (2,905 ) For the Three Months Ended Dollars in thousands Gains and Losses on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ 219 $ (2,238 ) $ 1,712 $ (307 ) Other comprehensive income before reclassification — 313 399 712 Amounts reclassified from accumulated other comprehensive income — — (16 ) (16 ) Net current period other comprehensive income — 313 383 696 Ending balance $ 219 $ (1,925 ) $ 2,095 $ 389 For the Nine Months Ended Dollars in thousands Gains and Losses on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ 398 $ (1,564 ) $ 2,898 $ 1,732 Other comprehensive income (loss) before reclassification — 1,347 (5,355 ) (4,008 ) Amounts reclassified from accumulated other comprehensive income — — (629 ) (629 ) Net current period other comprehensive income (loss) — 1,347 (5,984 ) (4,637 ) Ending balance $ 398 $ (217 ) $ (3,086 ) $ (2,905 ) For the Nine Months Ended Dollars in thousands Gains and Losses on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ — $ (2,905 ) $ (357 ) $ (3,262 ) Other comprehensive income before reclassification 219 980 2,489 3,688 Amounts reclassified from accumulated other comprehensive income — — (37 ) (37 ) Net current period other comprehensive income 219 980 2,452 3,651 Ending balance $ 219 $ (1,925 ) $ 2,095 $ 389 |
Income Taxes Income Taxes (Tabl
Income Taxes Income Taxes (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Income Tax Disclosure [Abstract] | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | A reconciliation between the statutory income tax rate and our effective income tax rate for the three and nine months ended September 30, 2018 and 2017 is as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2018 2017 2018 2017 Dollars in thousands Percent Percent Percent Percent Applicable statutory rate 21.0 % 35.0 % 21.0 % 35.0 % Increase (decrease) in rate resulting from: Tax-exempt interest and dividends, net (3.1 )% (5.1 )% (3.0 )% (8.8 )% State income taxes, net of Federal income tax benefit 2.1 % 1.8 % 2.2 % 1.8 % Low-income housing and rehabilitation tax credits (0.9 )% (2.3 )% (1.1 )% (1.5 )% Other, net 0.4 % 0.1 % 1.0 % (0.7 )% Effective income tax rate 19.5 % 29.5 % 20.1 % 25.8 % |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The components of applicable income tax expense for the three and nine months ended September 30, 2018 and 2017 are as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, Dollars in thousands 2018 2017 2018 2017 Current Federal $ 1,410 $ 2,436 $ 4,628 $ 3,315 State 228 251 737 388 1,638 2,687 5,365 3,703 Deferred Federal 25 (190 ) (142 ) (333 ) State 4 (17 ) (22 ) (31 ) 29 (207 ) (164 ) (364 ) Total $ 1,667 $ 2,480 $ 5,201 $ 3,339 |
Revenue Recognition Revenue f_2
Revenue Recognition Revenue from Contracts with Customers (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Revenue from Contracts with Customers [Abstract] | |
Revenue from Contracts with Customers [Table Text Block] | The following table illustrates our total non-interest income segregated by revenues within the scope of ASC Topic 606 and those which are within the scope of other ASC Topics: Dollars in thousands Three Months Ended September 30, 2018 Nine Months Ended Service fees on deposit accounts $ 1,215 $ 3,421 Bank card revenue 793 2,343 Trust and wealth management fees 687 2,026 Insurance commissions 1,062 3,188 Other 53 189 Net revenue from contracts with customers 3,810 11,167 Non-interest income within the scope of other ASC topics 401 2,068 Total noninterest income $ 4,211 $ 13,235 |
Fair Value Measurements (Assets
Fair Value Measurements (Assets And Liabilities Recorded At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | $ 288,040 | $ 328,723 | [1] |
U.S. Government sponsored agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 27,279 | 31,613 | |
Government Sponsored Agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 72,942 | 121,321 | |
Nongovernment Sponsored Agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 685 | 2,077 | |
Corporate Debt Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 11,687 | 16,245 | |
Asset-backed Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 21,792 | ||
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, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 288,040 | 328,723 | |
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 | 27,279 | 31,613 | |
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 | 72,942 | 121,321 | |
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 | 685 | 2,077 | |
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 | 18,774 | 17,677 | |
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 | 11,687 | 16,245 | |
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 21,792 | ||
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 | 134,744 | 139,653 | |
Fair Value, Measurements, Recurring [Member] | Interest rate swap [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative Fair Value, Asset | 1,063 | 312 | |
Derivative Fair Value, Liability | 284 | 2,057 | |
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 | 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] | Asset-backed Securities [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] | 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 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, 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 | 288,040 | 328,723 | |
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 | 27,279 | 31,613 | |
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 | 72,942 | 121,321 | |
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 | 685 | 2,077 | |
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 | 18,774 | 17,677 | |
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 | 11,687 | 16,245 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Asset-backed Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 21,792 | ||
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 | 134,744 | 139,653 | |
Fair Value, Measurements, Recurring [Member] | 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 | 1,063 | 312 | |
Derivative Fair Value, Liability | 284 | 2,057 | |
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 | 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] | Asset-backed Securities [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] | 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 | |
Fair Value, Measurements, Recurring [Member] | 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 | |
[1] | Derived from audited consolidated financial statements |
Fair Value Measurements (Asse_2
Fair Value Measurements (Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Residential mortgage loans held for sale | $ 348 | $ 0 |
Collateral-dependent impaired loans | 1,512 | 1,661 |
Foreclosed properties | 18,606 | 17,992 |
Commercial [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 57 | |
Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 437 | 518 |
Foreclosed properties | 1,677 | 1,493 |
Construction And Development Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 297 | 940 |
Foreclosed properties | 16,526 | 16,177 |
Residential Real Estate Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 721 | 203 |
Foreclosed properties | 403 | 322 |
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 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 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] | ||
Collateral-dependent impaired loans | 0 | 0 |
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 | 348 | 0 |
Collateral-dependent impaired loans | 1,463 | 1,661 |
Foreclosed properties | 18,606 | 17,992 |
Fair Value Inputs Level 2 [Member] | Commercial [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 8 | |
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] | ||
Collateral-dependent impaired loans | 437 | 518 |
Foreclosed properties | 1,677 | 1,493 |
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 | 297 | 940 |
Foreclosed properties | 16,526 | 16,177 |
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 | 721 | 203 |
Foreclosed properties | 403 | 322 |
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 | 49 | 0 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 3 [Member] | Commercial [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 49 | |
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] | ||
Collateral-dependent impaired loans | 0 | 0 |
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 | 0 | 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 | Sep. 30, 2018 | Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale, net | $ 348 | $ 0 |
Carrying Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 53,834 | 52,631 |
AvailableForSaleSecuritiesFairValueDisclosure1 | 288,040 | 328,723 |
Other investments | 14,232 | 14,934 |
Loans held for sale, net | 348 | 0 |
Loans, net | 1,632,747 | 1,593,744 |
Accrued interest receivable | 8,630 | 8,329 |
Derivative Asset | 1,063 | 312 |
Total assets | 1,998,894 | 1,998,673 |
Deposits | 1,651,064 | 1,600,601 |
Short-term borrowings | 238,403 | 250,499 |
Long-term borrowings | 739 | 45,751 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Accrued interest payable | 1,068 | 987 |
Derivative financial liabilities | 284 | 2,057 |
Total liabilities | 1,911,147 | 1,919,484 |
Estimated Fair Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 53,834 | 52,631 |
AvailableForSaleSecuritiesFairValueDisclosure1 | 288,040 | 328,723 |
Other investments | 14,232 | 14,934 |
Loans held for sale, net | 348 | 0 |
Loans, net | 1,610,856 | 1,592,821 |
Accrued interest receivable | 8,630 | 8,329 |
Derivative Asset | 1,063 | 312 |
Total assets | 1,977,003 | 1,997,750 |
Deposits | 1,648,845 | 1,620,033 |
Short-term borrowings | 238,403 | 250,499 |
Long-term borrowings | 834 | 46,530 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Accrued interest payable | 1,068 | 987 |
Derivative financial liabilities | 284 | 2,057 |
Total liabilities | 1,909,023 | 1,939,695 |
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 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale, net | 348 | 0 |
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 | 53,834 | 52,631 |
AvailableForSaleSecuritiesFairValueDisclosure1 | 288,040 | 328,723 |
Other investments | 14,232 | 14,934 |
Loans held for sale, net | 348 | 0 |
Loans, net | 1,463 | 1,661 |
Accrued interest receivable | 8,630 | 8,329 |
Derivative Asset | 1,063 | 312 |
Total assets | 367,610 | 406,590 |
Deposits | 1,648,845 | 1,620,033 |
Short-term borrowings | 238,403 | 250,499 |
Long-term borrowings | 834 | 46,530 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Accrued interest payable | 1,068 | 987 |
Derivative financial liabilities | 284 | 2,057 |
Total liabilities | 1,909,023 | 1,939,695 |
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 | 1,609,393 | 1,591,160 |
Accrued interest receivable | 0 | 0 |
Derivative Asset | 0 | 0 |
Total assets | 1,609,393 | 1,591,160 |
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 | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Earnings Per Share [Line Items] | ||||
Net income | $ 6,899 | $ 5,930 | $ 20,622 | $ 9,592 |
Net Income (Loss) Available to Common Stockholders, Basic | $ 6,899 | $ 5,930 | $ 20,622 | $ 9,592 |
Basic EPS, Common Shares (Denominator) (in shares) | 12,374,350 | 12,299,987 | 12,366,612 | 11,781,342 |
Basic EPS (in dollars per share) | $ 0.56 | $ 0.48 | $ 1.67 | $ 0.81 |
Diluted EPS, Stock options, Common Shares (Denominator) (in shares) | 7,349 | 10,911 | 7,561 | 11,336 |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 57,352 | 8,061 | 56,054 | 14,324 |
Diluted EPS, Income (Numerator) | $ 6,899 | $ 5,930 | $ 20,622 | $ 9,592 |
Diluted EPS, Common Shares (Denominator) (in shares) | 12,439,051 | 12,318,959 | 12,430,227 | 11,807,002 |
Diluted EPS (in dollars per share) | $ 0.55 | $ 0.48 | $ 1.66 | $ 0.81 |
Earnings Per Share (Narrative)
Earnings Per Share (Narrative) (Details) - shares | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Employee Stock Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Anti-dilutive stock options | 15,600 | 23,400 |
Stock Appreciation Rights (SARs) [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Anti-dilutive stock options | 87,615 | 87,615 |
Securities (Summary Of Amortize
Securities (Summary Of Amortized Cost, Unrealized Gains, Unrealized Losses And Estimated Fair Values) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | |
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | $ 292,098 | $ 324,908 | |
Available for sale securities, Unrealized Gains | 1,122 | 5,329 | |
Available for sale securities, Unrealized Losses | 5,180 | 1,514 | |
Available for sale securities, Estimated Fair Value | 288,040 | 328,723 | [1] |
U S Government Corporations And Agencies Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 27,504 | 31,260 | |
Available for sale securities, Unrealized Gains | 163 | 498 | |
Available for sale securities, Unrealized Losses | 388 | 145 | |
Available for sale securities, Estimated Fair Value | 27,279 | 31,613 | |
Government Sponsored Agencies [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 73,931 | 120,948 | |
Available for sale securities, Unrealized Gains | 557 | 1,276 | |
Available for sale securities, Unrealized Losses | 1,546 | 903 | |
Available for sale securities, Estimated Fair Value | 72,942 | 121,321 | |
Nongovernment Sponsored Agencies [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 682 | 2,045 | |
Available for sale securities, Unrealized Gains | 4 | 39 | |
Available for sale securities, Unrealized Losses | 1 | 7 | |
Available for sale securities, Estimated Fair Value | 685 | 2,077 | |
State and Political Subdivisions General Obligations [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 6,084 | 6,090 | |
Available for sale securities, Unrealized Gains | 0 | 0 | |
Available for sale securities, Unrealized Losses | 266 | 55 | |
Available for sale securities, Estimated Fair Value | 5,818 | 6,035 | |
State and Policital Subdivisions Other Revenues [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 13,462 | 11,657 | |
Available for sale securities, Unrealized Gains | 0 | 47 | |
Available for sale securities, Unrealized Losses | 506 | 62 | |
Available for sale securities, Estimated Fair Value | 12,956 | 11,642 | |
Corporate Debt Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 11,914 | 16,375 | |
Available for sale securities, Unrealized Gains | 0 | 0 | |
Available for sale securities, Unrealized Losses | 227 | 130 | |
Available for sale securities, Estimated Fair Value | 11,687 | 16,245 | |
Asset-backed Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 21,861 | ||
Available for sale securities, Unrealized Gains | 10 | ||
Available for sale securities, Unrealized Losses | 79 | ||
Available for sale securities, Estimated Fair Value | 21,792 | ||
Taxable Debt Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 155,438 | 188,375 | |
Available for sale securities, Unrealized Gains | 734 | 1,860 | |
Available for sale securities, Unrealized Losses | 3,013 | 1,302 | |
Available for sale securities, Estimated Fair Value | 153,159 | 188,933 | |
Tax Exempt State and Political Subdivisions General Obligations [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 72,299 | 65,560 | |
Available for sale securities, Unrealized Gains | 239 | 1,530 | |
Available for sale securities, Unrealized Losses | 1,200 | 198 | |
Available for sale securities, Estimated Fair Value | 71,338 | 66,892 | |
Tax Exempt State and Political Subdivisions Water and Sewer Revenues [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 18,921 | 23,108 | |
Available for sale securities, Unrealized Gains | 75 | 566 | |
Available for sale securities, Unrealized Losses | 214 | 3 | |
Available for sale securities, Estimated Fair Value | 18,782 | 23,671 | |
Tax Exempt State and Political Subdivisions Lease Revenues [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 13,305 | 13,024 | |
Available for sale securities, Unrealized Gains | 32 | 451 | |
Available for sale securities, Unrealized Losses | 57 | 2 | |
Available for sale securities, Estimated Fair Value | 13,280 | 13,473 | |
Tax Exempt State and Political Subdivisions Electric Revenues [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 4,170 | 6,205 | |
Available for sale securities, Unrealized Gains | 15 | 128 | |
Available for sale securities, Unrealized Losses | 63 | 0 | |
Available for sale securities, Estimated Fair Value | 4,122 | 6,333 | |
Tax Exempt State and Political Subdivisions Sales Tax Revenues [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 4,126 | ||
Available for sale securities, Unrealized Gains | 140 | ||
Available for sale securities, Unrealized Losses | 0 | ||
Available for sale securities, Estimated Fair Value | 4,266 | ||
Tax Exempt State and Political Subdivisions University Revenues [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 5,272 | ||
Available for sale securities, Unrealized Gains | 38 | ||
Available for sale securities, Unrealized Losses | 9 | ||
Available for sale securities, Estimated Fair Value | 5,301 | ||
Tax Exempt State and Political Subdivisions Other Revenues [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 27,828 | 19,101 | |
Available for sale securities, Unrealized Gains | 27 | 616 | |
Available for sale securities, Unrealized Losses | 633 | 0 | |
Available for sale securities, Estimated Fair Value | 27,222 | 19,717 | |
Tax Exempt Debt Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 136,523 | 136,396 | |
Available for sale securities, Unrealized Gains | 388 | 3,469 | |
Available for sale securities, Unrealized Losses | 2,167 | 212 | |
Available for sale securities, Estimated Fair Value | 134,744 | 139,653 | |
Equity Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 137 | 137 | |
Available for sale securities, Unrealized Gains | 0 | 0 | |
Available for sale securities, Unrealized Losses | 0 | 0 | |
Available for sale securities, Estimated Fair Value | $ 137 | $ 137 | |
[1] | Derived 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 | Sep. 30, 2018 | Dec. 31, 2017 | |
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | $ 292,098 | $ 324,908 | |
Available for sale securities, Unrealized Gains | 1,122 | 5,329 | |
Available for sale securities, Unrealized Losses | 5,180 | 1,514 | |
Available for sale securities, Estimated Fair Value | 288,040 | $ 328,723 | [1] |
Texas | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 21,796 | ||
Available for sale securities, Unrealized Gains | 65 | ||
Available for sale securities, Unrealized Losses | 202 | ||
Available for sale securities, Estimated Fair Value | 21,659 | ||
CALIFORNIA | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 18,021 | ||
Available for sale securities, Unrealized Gains | 39 | ||
Available for sale securities, Unrealized Losses | 438 | ||
Available for sale securities, Estimated Fair Value | 17,622 | ||
MICHIGAN | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 14,631 | ||
Available for sale securities, Unrealized Gains | 40 | ||
Available for sale securities, Unrealized Losses | 311 | ||
Available for sale securities, Estimated Fair Value | 14,360 | ||
WEST VIRGINIA | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 13,258 | ||
Available for sale securities, Unrealized Gains | 50 | ||
Available for sale securities, Unrealized Losses | 179 | ||
Available for sale securities, Estimated Fair Value | 13,129 | ||
ILLINOIS | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 11,014 | ||
Available for sale securities, Unrealized Gains | 72 | ||
Available for sale securities, Unrealized Losses | 234 | ||
Available for sale securities, Estimated Fair Value | $ 10,852 | ||
[1] | Derived 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 | Sep. 30, 2018 | Dec. 31, 2017 |
Debt Securities, Available-for-sale [Abstract] | ||
Due in one year or less, Amortized Cost | $ 26,929 | |
Due from one to five years, Amortized Cost | 49,907 | |
Due from five to ten years, Amortized Cost | 47,782 | |
Due after ten years, Amortized Cost | 167,343 | |
Equity securities, Amortized Cost | 137 | |
Total Amortized Cost | 292,098 | $ 324,908 |
Due in one year or less, Estimated Fair Value | 26,769 | |
Due from one to five years, Estimated Fair Value | 49,401 | |
Due from five to ten years, Estimated Fair Value | 46,343 | |
Due after ten years, Estimated Fair Value | 165,390 | |
Equity securities, Estimated Fair Value | 137 | |
Total Estimated Fair Value | $ 288,040 |
Securities (Summary Of Proceeds
Securities (Summary Of Proceeds From Sales, Calls And Maturities, Principal Payments, Gains And Losses Of Securities) (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Debt Securities, Available-for-sale [Abstract] | ||
Securities available for sale, Proceeds from Sales | $ 92,048 | $ 131,345 |
Securities available for sale, Proceeds from Calls and Maturities | 1,050 | 2,610 |
Securities available for sale, Proceeds from Principal Payments | 19,770 | 24,349 |
Securities available for sale, Gross realized Gains | 1,754 | 416 |
Securities available for sale, Gross realized Losses | $ 926 | $ 358 |
Securities (Narrative) (Details
Securities (Narrative) (Details) | 9 Months Ended |
Sep. 30, 2018securitystate | |
Debt Securities, Available-for-sale [Abstract] | |
Number of states with highest volume of state and political subdivision securities | state | 5 |
Securities held with an unrealized loss position | security | 153 |
Securities (Summary Of Securiti
Securities (Summary Of Securities Available For Sale In Unrealized Loss Position) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 months, Estimated Fair Value | $ 153,334 | $ 65,199 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (3,366) | (550) |
12 months or more, Estimated Fair Value | 39,711 | 37,384 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (1,814) | (964) |
Total Estimated Fair Value | 193,045 | 102,583 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (5,180) | (1,514) |
Temporarily Impaired Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 months, Estimated Fair Value | 153,334 | 65,199 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (3,366) | (550) |
12 months or more, Estimated Fair Value | 39,711 | 37,384 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (1,814) | (964) |
Total Estimated Fair Value | 193,045 | 102,583 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (5,180) | (1,514) |
Temporarily Impaired Securities [Member] | U S Government Corporations And Agencies Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 months, Estimated Fair Value | 17,532 | 10,864 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (309) | (91) |
12 months or more, Estimated Fair Value | 3,166 | 2,394 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (79) | (54) |
Total Estimated Fair Value | 20,698 | 13,258 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (388) | (145) |
Temporarily Impaired Securities [Member] | Government Sponsored Agencies [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 months, Estimated Fair Value | 20,636 | 32,156 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (586) | (269) |
12 months or more, Estimated Fair Value | 18,981 | 22,584 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (960) | (634) |
Total Estimated Fair Value | 39,617 | 54,740 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (1,546) | (903) |
Temporarily Impaired Securities [Member] | Nongovernment Sponsored Agencies [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 months, Estimated Fair Value | 0 | 5 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 0 |
12 months or more, Estimated Fair Value | 501 | 810 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (1) | (7) |
Total Estimated Fair Value | 501 | 815 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (1) | (7) |
Temporarily Impaired Securities [Member] | State and Political Subdivisions General Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 months, Estimated Fair Value | 4,615 | 6,035 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (227) | (55) |
12 months or more, Estimated Fair Value | 1,203 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (39) | 0 |
Total Estimated Fair Value | 5,818 | 6,035 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (266) | (55) |
Temporarily Impaired Securities [Member] | State and Political Subdivisions Other Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 months, Estimated Fair Value | 8,339 | 7,532 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (284) | (62) |
12 months or more, Estimated Fair Value | 4,617 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (222) | 0 |
Total Estimated Fair Value | 12,956 | 7,532 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (506) | (62) |
Temporarily Impaired Securities [Member] | Corporate Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 months, Estimated Fair Value | 984 | 3,008 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (16) | (39) |
12 months or more, Estimated Fair Value | 4,574 | 1,659 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (211) | (91) |
Total Estimated Fair Value | 5,558 | 4,667 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (227) | (130) |
Temporarily Impaired Securities [Member] | Asset-backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 months, Estimated Fair Value | 16,308 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (79) | |
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 | 16,308 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (79) | |
Temporarily Impaired Securities [Member] | Tax Exempt State and Political Subdivisions General Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 months, Estimated Fair Value | 42,996 | 2,999 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (971) | (20) |
12 months or more, Estimated Fair Value | 5,002 | 9,937 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (229) | (178) |
Total Estimated Fair Value | 47,998 | 12,936 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (1,200) | (198) |
Temporarily Impaired Securities [Member] | Tax Exempt State and Political Subdivisions Water and Sewer Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 months, Estimated Fair Value | 10,916 | 282 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (214) | (3) |
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 | 10,916 | 282 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (214) | (3) |
Temporarily Impaired Securities [Member] | Tax Exempt State and Political Subdivisions Lease Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 months, Estimated Fair Value | 7,736 | 569 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (57) | (2) |
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 | 7,736 | 569 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (57) | (2) |
Temporarily Impaired Securities [Member] | Tax Exempt State and Political Subdivisions Electric Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 months, Estimated Fair Value | 2,407 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (63) | |
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 | 2,407 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | (63) | |
Temporarily Impaired Securities [Member] | Tax Exempt State and Political Subdivisions University Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 months, Estimated Fair Value | 1,749 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (9) | |
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 | 1,749 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ (9) | |
Temporarily Impaired Securities [Member] | Tax Exempt State and Political Subdivisions Other Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Less than 12 months, Estimated Fair Value | 20,865 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | (560) | |
12 months or more, Estimated Fair Value | 1,667 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | (73) | |
Total Estimated Fair Value | 22,532 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss | $ (633) |
Loans (Narrative) (Details)
Loans (Narrative) (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
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 | 27,600,000 | $ 28,400,000 |
Current Troubled debt restructurings included in impaired loans | $ 27,400,000 | |
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 | Sep. 30, 2018 | Dec. 31, 2017 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | $ 1,645,691 | $ 1,606,309 |
Less allowance for loan losses | 12,944 | 12,565 |
Loans, net | 1,632,747 | 1,593,744 |
Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 167,972 | 189,981 |
Owner Occupied [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 272,475 | 250,202 |
Non-Owner Occupied [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 530,568 | 484,902 |
Land and Land Improvements [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 71,819 | 67,219 |
Construction Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 25,703 | 33,412 |
Non-Jumbo [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 340,783 | 354,101 |
Jumbo [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 72,327 | 62,267 |
Home Equity [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 82,018 | 84,028 |
Mortgage Warehouse Lines [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 35,910 | 30,757 |
Consumer Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 33,664 | 36,202 |
Other Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | $ 12,452 | $ 13,238 |
Loans Loans (Schedule of Acquir
Loans Loans (Schedule of Acquired Loans) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Total Outstanding Balance | $ 164,795 | $ 226,054 |
Acquired Loans Carrying Value | 162,367 | 223,323 |
Commercial Portfolio Segment [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 7,969 | 25,134 |
Owner Occupied [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 19,302 | 22,582 |
Non-Owner Occupied [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 29,806 | 35,130 |
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 | 6,066 | 7,512 |
Construction Loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 0 | 2,760 |
Non-Jumbo [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 85,889 | 111,055 |
Jumbo [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 3,574 | 4,399 |
Home Equity [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 2,839 | 3,311 |
Consumer Portfolio Segment [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 6,793 | 11,229 |
Other Loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 129 | 211 |
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 | 5,228 | 5,923 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 4,379 | 5,019 |
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 | 9 |
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 | 682 | 689 |
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 | 1,314 | 1,837 |
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 | 0 |
Purchased Impaired Loans [Member] | Construction 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, Carrying Amount, Net | 0 | 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 | 1,407 | 1,485 |
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 | 976 | 999 |
Purchased Impaired Loans [Member] | Home Equity [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 | 0 |
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 | 0 |
Purchased Impaired Loans [Member] | Other 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, Carrying Amount, Net | 0 | 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 | 159,567 | 220,131 |
Acquired Loans Purchased Performing Carrying Value | 157,988 | 218,304 |
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 | 7,969 | 25,125 |
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 | 18,620 | 21,893 |
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 | 28,492 | 33,293 |
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 | 6,066 | 7,512 |
Purchase Nonimpaired Loans [Member] | Construction Loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Purchased Performing Carrying Value | 0 | 2,760 |
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 | 84,482 | 109,570 |
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 | 2,598 | 3,400 |
Purchase Nonimpaired Loans [Member] | Home Equity [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Purchased Performing Carrying Value | 2,839 | 3,311 |
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 | 6,793 | 11,229 |
Purchase Nonimpaired Loans [Member] | Other Loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Purchased Performing Carrying Value | $ 129 | $ 211 |
Loans Loans (Summary of Change
Loans Loans (Summary of Change in Accretable Yield PCI Loans) (Details) - Purchased Impaired Loans [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Jun. 30, 2018 | Dec. 31, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | |
Summary of Change in Accretable Yield PCI Loans [Line Items] | ||||||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield | $ 664 | $ 803 | $ 664 | $ 803 | $ 676 | $ 745 | $ 851 | $ 290 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | (12) | (49) | (81) | (135) | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Reclassifications from Nonaccretable Difference | 0 | 0 | 0 | 0 | ||||
Certain Loans Acquired in Transfer Not Accounting for as Debt Securities Accretable Yield Other Changes, Net | 0 | 1 | 0 | (13) | ||||
First Century Bankshares, Inc [Member] | ||||||||
Summary of Change in Accretable Yield PCI Loans [Line Items] | ||||||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Additions | $ 0 | $ 0 | $ 0 | $ 661 |
Loans (Schedule of Contractual
Loans (Schedule of Contractual Aging of Recorded Investment in Past Due Loans by Class) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | $ 22,014 | $ 23,727 |
Current | 1,623,677 | 1,582,582 |
Recorded Investment greater then 90 days and Accruing | 2,215 | 274 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 1,207 | 815 |
Current | 166,765 | 189,166 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 2,938 | 1,295 |
Current | 269,537 | 248,907 |
Recorded Investment greater then 90 days and Accruing | 1,991 | 0 |
Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 2,679 | 2,584 |
Current | 527,889 | 482,318 |
Recorded Investment greater then 90 days and Accruing | 0 | 237 |
Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 3,593 | 4,695 |
Current | 68,226 | 62,524 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Current | 25,703 | 33,412 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Non-Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 10,936 | 11,050 |
Current | 329,847 | 343,051 |
Recorded Investment greater then 90 days and Accruing | 68 | 0 |
Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Current | 72,327 | 62,267 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 187 | 2,508 |
Current | 81,831 | 81,520 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Current | 35,910 | 30,757 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 474 | 780 |
Current | 33,190 | 35,422 |
Recorded Investment greater then 90 days and Accruing | 156 | 37 |
Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Current | 12,452 | 13,238 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 6,875 | 9,230 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 550 | 488 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 612 | 626 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 385 | 369 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 120 | 1,132 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Non-Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 4,854 | 4,220 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 95 | 1,978 |
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 | 259 | 417 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 2,109 | 2,985 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 266 | 98 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 162 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 67 | 150 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 277 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Non-Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 1,397 | 2,379 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 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 | 0 |
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 | 102 | 196 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 13,030 | 11,512 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 391 | 229 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 2,326 | 507 |
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 | 2,227 | 2,065 |
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 | 3,196 | 3,563 |
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 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Non-Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 4,685 | 4,451 |
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 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 92 | 530 |
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 | 113 | 167 |
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 |
Loans (Schedule of Nonaccrual L
Loans (Schedule of Nonaccrual Loans Included in Net Balance of Loans) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 14,755 | $ 15,049 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 801 | 696 |
Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 551 | 726 |
Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 2,548 | 2,201 |
Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 3,200 | 3,569 |
Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 0 |
Non-Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 7,371 | 6,944 |
Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 0 |
Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 204 | 712 |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 80 | $ 201 |
Loans (Schedule of Loans Indivi
Loans (Schedule of Loans Individually Evaluated for Impairment) (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | $ 43,777 | $ 37,805 |
Unpaid Principal Balance | 43,799 | 37,824 |
Related Allowance | 1,852 | 1,590 |
Average Impaired Balance | 37,387 | 35,646 |
Interest Income Recognized while impaired | 1,606 | 2,232 |
Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Without a related allowance, Recorded Investment | 4,400 | 243 |
Without a related allowance, Unpaid Principal Balance | 4,400 | 243 |
Without a related allowance, Average Impaired Balance | 438 | 259 |
Without a related allowance, Interest Income Recognized while impaired | 12 | 13 |
With a related allowance, Recorded Investment | 83 | 252 |
With a related allowance, Unpaid Principal Balance | 83 | 252 |
With a related allowance, Related Allowance | 26 | 252 |
With a related allowance, Average Impaired Balance | 72 | 262 |
With a related allowance, Interest Income Recognized while impaired | 0 | 0 |
Owner Occupied [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Without a related allowance, Recorded Investment | 9,007 | 7,109 |
Without a related allowance, Unpaid Principal Balance | 9,012 | 7,111 |
Without a related allowance, Average Impaired Balance | 7,630 | 5,149 |
Without a related allowance, Interest Income Recognized while impaired | 308 | 265 |
With a related allowance, Recorded Investment | 2,369 | 2,436 |
With a related allowance, Unpaid Principal Balance | 2,369 | 2,436 |
With a related allowance, Related Allowance | 271 | 125 |
With a related allowance, Average Impaired Balance | 2,392 | 2,451 |
With a related allowance, Interest Income Recognized while impaired | 117 | 161 |
Non-Owner Occupied [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Without a related allowance, Recorded Investment | 9,106 | 9,105 |
Without a related allowance, Unpaid Principal Balance | 9,108 | 9,106 |
Without a related allowance, Average Impaired Balance | 9,175 | 9,736 |
Without a related allowance, Interest Income Recognized while impaired | 487 | 684 |
With a related allowance, Recorded Investment | 708 | 1,338 |
With a related allowance, Unpaid Principal Balance | 714 | 1,344 |
With a related allowance, Related Allowance | 88 | 517 |
With a related allowance, Average Impaired Balance | 749 | 676 |
With a related allowance, Interest Income Recognized while impaired | 17 | 43 |
Land and Land Improvements [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Without a related allowance, Recorded Investment | 4,128 | 5,018 |
Without a related allowance, Unpaid Principal Balance | 4,128 | 5,018 |
Without a related allowance, Average Impaired Balance | 4,291 | 4,743 |
Without a related allowance, Interest Income Recognized while impaired | 63 | 329 |
With a related allowance, Recorded Investment | 1,756 | 1,464 |
With a related allowance, Unpaid Principal Balance | 1,756 | 1,464 |
With a related allowance, Related Allowance | 772 | 524 |
With a related allowance, Average Impaired Balance | 1,773 | 1,477 |
With a related allowance, Interest Income Recognized while impaired | 98 | 74 |
Construction [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 |
Non-Jumbo [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Without a related allowance, Recorded Investment | 4,448 | 4,190 |
Without a related allowance, Unpaid Principal Balance | 4,458 | 4,199 |
Without a related allowance, Average Impaired Balance | 3,572 | 4,214 |
Without a related allowance, Interest Income Recognized while impaired | 161 | 240 |
With a related allowance, Recorded Investment | 2,932 | 1,717 |
With a related allowance, Unpaid Principal Balance | 2,932 | 1,718 |
With a related allowance, Related Allowance | 588 | 158 |
With a related allowance, Average Impaired Balance | 2,425 | 1,691 |
With a related allowance, Interest Income Recognized while impaired | 97 | 100 |
Jumbo [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Without a related allowance, Recorded Investment | 3,480 | 3,555 |
Without a related allowance, Unpaid Principal Balance | 3,479 | 3,554 |
Without a related allowance, Average Impaired Balance | 3,504 | 3,592 |
Without a related allowance, Interest Income Recognized while impaired | 167 | 228 |
With a related allowance, Recorded Investment | 826 | 838 |
With a related allowance, Unpaid Principal Balance | 826 | 839 |
With a related allowance, Related Allowance | 107 | 14 |
With a related allowance, Average Impaired Balance | 830 | 845 |
With a related allowance, Interest Income Recognized while impaired | 48 | 57 |
Home Equity [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Without a related allowance, Recorded Investment | 523 | 523 |
Without a related allowance, Unpaid Principal Balance | 523 | 523 |
Without a related allowance, Average Impaired Balance | 523 | 523 |
Without a related allowance, Interest Income Recognized while impaired | 30 | 35 |
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 |
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 | 11 | 17 |
Without a related allowance, Unpaid Principal Balance | 11 | 17 |
Without a related allowance, Average Impaired Balance | 13 | 28 |
Without a related allowance, Interest Income Recognized while impaired | 1 | 3 |
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 |
Total Without a Related Allowance | ||
Financing Receivable, Impaired [Line Items] | ||
Without a related allowance, Recorded Investment | 35,103 | 29,760 |
Without a related allowance, Unpaid Principal Balance | 35,119 | 29,771 |
Without a related allowance, Average Impaired Balance | 29,146 | 28,244 |
Without a related allowance, Interest Income Recognized while impaired | 1,229 | 1,797 |
Total With a Related Allowance | ||
Financing Receivable, Impaired [Line Items] | ||
With a related allowance, Recorded Investment | 8,674 | 8,045 |
With a related allowance, Unpaid Principal Balance | 8,680 | 8,053 |
With a related allowance, Related Allowance | 1,852 | 1,590 |
With a related allowance, Average Impaired Balance | 8,241 | 7,402 |
With a related allowance, Interest Income Recognized while impaired | 377 | 435 |
Total Commercial | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 31,557 | 26,965 |
Unpaid Principal Balance | 31,570 | 26,974 |
Related Allowance | 1,157 | 1,418 |
Average Impaired Balance | 26,520 | 24,753 |
Interest Income Recognized while impaired | 1,102 | 1,569 |
Total Residential Real Estate | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 12,209 | 10,823 |
Unpaid Principal Balance | 12,218 | 10,833 |
Related Allowance | 695 | 172 |
Average Impaired Balance | 10,854 | 10,865 |
Interest Income Recognized while impaired | 503 | 660 |
Total Consumer | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 11 | 17 |
Unpaid Principal Balance | 11 | 17 |
Related Allowance | 0 | 0 |
Average Impaired Balance | 13 | 28 |
Interest Income Recognized while impaired | $ 1 | $ 3 |
Loans Loans (Schedule of Restru
Loans Loans (Schedule of Restructured Trouble Debt Restructuring By Class) (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018USD ($)contract | Sep. 30, 2017USD ($)contract | Sep. 30, 2018USD ($)contract | Sep. 30, 2017USD ($)contract | |
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | contract | 2 | 3 | 10 | 8 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 94 | $ 2,888 | $ 1,056 | $ 3,974 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 94 | $ 2,888 | $ 1,056 | $ 3,974 |
Commercial [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | contract | 2 | 0 | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 157 | $ 0 | ||
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 157 | $ 0 | ||
Owner Occupied [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | contract | 0 | 1 | 0 | 1 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 2,302 | $ 0 | $ 2,302 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 2,302 | $ 0 | $ 2,302 |
Non-Owner Occupied [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | contract | 0 | 1 | 0 | 1 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 148 | $ 0 | $ 148 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 148 | $ 0 | $ 148 |
Land and Land Improvements [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | contract | 0 | 1 | 0 | 1 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 438 | $ 0 | $ 438 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 438 | $ 0 | $ 438 |
Non-Jumbo [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | contract | 2 | 0 | 8 | 5 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 94 | $ 0 | $ 899 | $ 1,086 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 94 | $ 0 | $ 899 | $ 1,086 |
Loans Loans (Schedule of Defaul
Loans Loans (Schedule of Defaults During Stated Period Of Trouble Debt Restructurings) (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018USD ($)contract | Sep. 30, 2017USD ($)contract | Sep. 30, 2018USD ($)contract | Sep. 30, 2017USD ($)contract | |
Financing Receivable, Impaired [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract | 0 | 5 | 6 | 5 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ | $ 0 | $ 1,541 | $ 1,126 | $ 1,641 |
Commercial [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract | 2 | 0 | ||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ | $ 157 | $ 0 | ||
Non-Owner Occupied [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract | 1 | 0 | ||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ | $ 341 | $ 0 | ||
Land and Land Improvements [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract | 0 | 1 | 0 | 1 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ | $ 0 | $ 437 | $ 0 | $ 437 |
Non-Jumbo [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract | 0 | 4 | 3 | 4 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ | $ 0 | $ 1,104 | $ 628 | $ 1,204 |
Loans (Schedule of the Activity
Loans (Schedule of the Activity Regarding TDRs by Loan Type) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
Sep. 30, 2018 | Sep. 30, 2018 | |
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | $ 27,827 | $ 28,363 |
Additions | 94 | 1,056 |
Charge-offs | 0 | (55) |
Net (paydowns) advances | (368) | (1,811) |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 27,553 | 27,553 |
Allowance related to troubled debt restructurings | 1,372 | 1,372 |
Land and Land Improvements [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 2,948 | 3,043 |
Additions | 0 | 0 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | (203) | (298) |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 2,745 | 2,745 |
Allowance related to troubled debt restructurings | 772 | 772 |
Construction [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 0 | 0 |
Additions | 0 | 0 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | 0 | 0 |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 0 | 0 |
Allowance related to troubled debt restructurings | 0 | 0 |
Commercial [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 293 | 412 |
Additions | 0 | 157 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | (13) | (289) |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 280 | 280 |
Allowance related to troubled debt restructurings | 0 | 0 |
Owner Occupied [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 9,433 | 9,545 |
Additions | 0 | 0 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | (48) | (160) |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 9,385 | 9,385 |
Allowance related to troubled debt restructurings | 271 | 271 |
Non-Owner Occupied [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 5,306 | 5,234 |
Additions | 0 | 0 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | (38) | 34 |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 5,268 | 5,268 |
Allowance related to troubled debt restructurings | 12 | 12 |
Non-Jumbo [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 4,972 | 5,195 |
Additions | 94 | 899 |
Charge-offs | 0 | (55) |
Net (paydowns) advances | (31) | (1,004) |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 5,035 | 5,035 |
Allowance related to troubled debt restructurings | 210 | 210 |
Jumbo [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 4,339 | 4,393 |
Additions | 0 | 0 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | (33) | (87) |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 4,306 | 4,306 |
Allowance related to troubled debt restructurings | 107 | 107 |
Home Equity Line of Credit [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 523 | 523 |
Additions | 0 | 0 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | 0 | 0 |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 523 | 523 |
Allowance related to troubled debt restructurings | 0 | 0 |
Mortgage Warehouse Lines [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 0 | 0 |
Additions | 0 | 0 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | 0 | 0 |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 0 | 0 |
Allowance related to troubled debt restructurings | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 13 | 18 |
Additions | 0 | 0 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | (2) | (7) |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 11 | 11 |
Allowance related to troubled debt restructurings | 0 | 0 |
Other Loans [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 0 | 0 |
Additions | 0 | 0 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | 0 | 0 |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 0 | 0 |
Allowance related to troubled debt restructurings | $ 0 | $ 0 |
Loans (Schedule of Recorded Inv
Loans (Schedule of Recorded Investment Evaluated Based on Internal Risk Ratings) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total | $ 1,645,691 | $ 1,606,309 |
Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 71,819 | 67,219 |
Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 25,703 | 33,412 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 167,972 | 189,981 |
Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 272,475 | 250,202 |
Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 530,568 | 484,902 |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 35,910 | 30,757 |
Pass [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 66,657 | 60,850 |
Pass [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 25,560 | 33,412 |
Pass [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 161,682 | 186,941 |
Pass [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 264,991 | 242,702 |
Pass [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 522,182 | 474,522 |
Pass [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 35,910 | 30,757 |
OLEM (Special Mention) [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 567 | 1,397 |
OLEM (Special Mention) [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 143 | 0 |
OLEM (Special Mention) [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 1,520 | 2,267 |
OLEM (Special Mention) [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 2,380 | 3,534 |
OLEM (Special Mention) [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 1,549 | 2,221 |
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 | 4,595 | 4,972 |
Substandard [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Substandard [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 4,770 | 773 |
Substandard [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 5,104 | 3,966 |
Substandard [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 6,837 | 8,159 |
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 I_2
Loans (Schedule of Recorded Investment Evaluated Based on Aging Status of Loans and Payment Activity) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Performing Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | $ 533,365 | $ 541,936 |
Performing Financing Receivable [Member] | Non-Jumbo [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 333,227 | 347,183 |
Performing Financing Receivable [Member] | Jumbo [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 72,327 | 62,267 |
Performing Financing Receivable [Member] | Home Equity [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 81,814 | 83,316 |
Performing Financing Receivable [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 33,545 | 35,932 |
Performing Financing Receivable [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 12,452 | 13,238 |
Nonperforming Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 7,879 | 7,900 |
Nonperforming Financing Receivable [Member] | Non-Jumbo [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 7,556 | 6,918 |
Nonperforming Financing Receivable [Member] | Jumbo [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Nonperforming Financing Receivable [Member] | Home Equity [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 204 | 712 |
Nonperforming Financing Receivable [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 119 | 270 |
Nonperforming Financing Receivable [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | $ 0 | $ 0 |
Allowance For Loan Losses (Summ
Allowance For Loan Losses (Summary Of Analysis Of Allowance For Loan Losses) (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | $ 12,565 | $ 11,674 |
Total, Losses | 1,899 | 1,288 |
Total Recoveries | 528 | 929 |
Net losses | 1,371 | 359 |
Provision for loan losses | 1,750 | 1,250 |
Ending balance | 12,944 | 12,565 |
Commercial [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 1,303 | 934 |
Total, Losses | 248 | 23 |
Total Recoveries | 12 | 124 |
Provision for loan losses | (68) | 268 |
Ending balance | 999 | 1,303 |
Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 2,424 | 2,109 |
Total, Losses | 38 | 5 |
Total Recoveries | 19 | 89 |
Provision for loan losses | 321 | 231 |
Ending balance | 2,726 | 2,424 |
Non-Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 4,950 | 3,438 |
Total, Losses | 500 | 65 |
Total Recoveries | 0 | 91 |
Provision for loan losses | 779 | 1,486 |
Ending balance | 5,229 | 4,950 |
Land and Land Development [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 641 | 2,263 |
Total, Losses | 222 | 3 |
Total Recoveries | 217 | 278 |
Provision for loan losses | 161 | (1,897) |
Ending balance | 797 | 641 |
Construction [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 153 | 24 |
Total, Losses | 0 | 33 |
Total Recoveries | 0 | 0 |
Provision for loan losses | (40) | 162 |
Ending balance | 113 | 153 |
Non-Jumbo [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 1,911 | 2,174 |
Total, Losses | 460 | 359 |
Total Recoveries | 75 | 134 |
Provision for loan losses | 691 | (38) |
Ending balance | 2,217 | 1,911 |
Jumbo [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 72 | 95 |
Total, Losses | 0 | 2 |
Total Recoveries | 0 | 0 |
Provision for loan losses | 311 | (21) |
Ending balance | 383 | 72 |
Home Equity [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 638 | 413 |
Total, Losses | 25 | 158 |
Total Recoveries | 7 | 30 |
Provision for loan losses | (469) | 353 |
Ending balance | 151 | 638 |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 0 | 0 |
Total, Losses | 0 | 0 |
Total Recoveries | 0 | 0 |
Provision for loan losses | 0 | 0 |
Ending balance | 0 | 0 |
Consumer [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 210 | 121 |
Total, Losses | 195 | 389 |
Total Recoveries | 107 | 82 |
Provision for loan losses | 69 | 396 |
Ending balance | 191 | 210 |
Other | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 263 | 103 |
Total, Losses | 211 | 251 |
Total Recoveries | 91 | 101 |
Provision for loan losses | (5) | 310 |
Ending balance | $ 138 | $ 263 |
Allowance For Loan Losses (Su_2
Allowance For Loan Losses (Summary Of Net Unearned Income) (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2018 | Dec. 31, 2017 | |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | $ 12,565 | $ 11,674 | ||
Charge-offs | (1,899) | (1,288) | ||
Recoveries | 528 | 929 | ||
Provision | 1,750 | 1,250 | ||
Ending balance | 12,944 | 12,565 | ||
Allowance related to: Loans individually evaluated for impairment | $ 1,852 | $ 1,590 | ||
Allowance related to: Loans collectively evaluated for impairment | 11,080 | 10,968 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 12 | 7 | ||
Total, Allowance | 12,565 | 11,674 | 12,944 | 12,565 |
Loans individually evaluated for impairment | 43,777 | 37,805 | ||
Loans collectively evaluated for impairment | 1,597,535 | 1,563,485 | ||
Loans Acquired with Deteriorated Credit Quality | 4,379 | 5,019 | ||
Total, Loans | 1,645,691 | 1,606,309 | ||
Land and Land Development [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 641 | 2,263 | ||
Charge-offs | (222) | (3) | ||
Recoveries | 217 | 278 | ||
Provision | 161 | (1,897) | ||
Ending balance | 797 | 641 | ||
Allowance related to: Loans individually evaluated for impairment | 772 | 524 | ||
Allowance related to: Loans collectively evaluated for impairment | 25 | 117 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | 641 | 2,263 | 797 | 641 |
Loans individually evaluated for impairment | 5,884 | 6,482 | ||
Loans collectively evaluated for impairment | 65,935 | 60,737 | ||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | ||
Total, Loans | 71,819 | 67,219 | ||
Construction [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 153 | 24 | ||
Charge-offs | 0 | (33) | ||
Recoveries | 0 | 0 | ||
Provision | (40) | 162 | ||
Ending balance | 113 | 153 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | ||
Allowance related to: Loans collectively evaluated for impairment | 113 | 153 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | 153 | 24 | 113 | 153 |
Loans individually evaluated for impairment | 0 | 0 | ||
Loans collectively evaluated for impairment | 25,703 | 33,412 | ||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | ||
Total, Loans | 25,703 | 33,412 | ||
Commercial [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 1,303 | 934 | ||
Charge-offs | (248) | (23) | ||
Recoveries | 12 | 124 | ||
Provision | (68) | 268 | ||
Ending balance | 999 | 1,303 | ||
Allowance related to: Loans individually evaluated for impairment | 26 | 252 | ||
Allowance related to: Loans collectively evaluated for impairment | 973 | 1,051 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | 1,303 | 934 | 999 | 1,303 |
Loans individually evaluated for impairment | 4,483 | 495 | ||
Loans collectively evaluated for impairment | 163,489 | 189,477 | ||
Loans Acquired with Deteriorated Credit Quality | 0 | 9 | ||
Total, Loans | 167,972 | 189,981 | ||
Owner Occupied [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 2,424 | 2,109 | ||
Charge-offs | (38) | (5) | ||
Recoveries | 19 | 89 | ||
Provision | 321 | 231 | ||
Ending balance | 2,726 | 2,424 | ||
Allowance related to: Loans individually evaluated for impairment | 271 | 125 | ||
Allowance related to: Loans collectively evaluated for impairment | 2,455 | 2,299 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | 2,424 | 2,109 | 2,726 | 2,424 |
Loans individually evaluated for impairment | 11,376 | 9,545 | ||
Loans collectively evaluated for impairment | 260,417 | 239,968 | ||
Loans Acquired with Deteriorated Credit Quality | 682 | 689 | ||
Total, Loans | 272,475 | 250,202 | ||
Non-Owner Occupied [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 4,950 | 3,438 | ||
Charge-offs | (500) | (65) | ||
Recoveries | 0 | 91 | ||
Provision | 779 | 1,486 | ||
Ending balance | 5,229 | 4,950 | ||
Allowance related to: Loans individually evaluated for impairment | 88 | 517 | ||
Allowance related to: Loans collectively evaluated for impairment | 5,138 | 4,432 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 3 | 1 | ||
Total, Allowance | 4,950 | 3,438 | 5,229 | 4,950 |
Loans individually evaluated for impairment | 9,814 | 10,443 | ||
Loans collectively evaluated for impairment | 519,440 | 472,622 | ||
Loans Acquired with Deteriorated Credit Quality | 1,314 | 1,837 | ||
Total, Loans | 530,568 | 484,902 | ||
Non-Jumbo [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 1,911 | 2,174 | ||
Charge-offs | (460) | (359) | ||
Recoveries | 75 | 134 | ||
Provision | 691 | (38) | ||
Ending balance | 2,217 | 1,911 | ||
Allowance related to: Loans individually evaluated for impairment | 588 | 158 | ||
Allowance related to: Loans collectively evaluated for impairment | 1,620 | 1,747 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 9 | 6 | ||
Total, Allowance | 1,911 | 2,174 | 2,217 | 1,911 |
Loans individually evaluated for impairment | 7,380 | 5,907 | ||
Loans collectively evaluated for impairment | 331,996 | 346,709 | ||
Loans Acquired with Deteriorated Credit Quality | 1,407 | 1,485 | ||
Total, Loans | 340,783 | 354,101 | ||
Jumbo [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 72 | 95 | ||
Charge-offs | 0 | (2) | ||
Recoveries | 0 | 0 | ||
Provision | 311 | (21) | ||
Ending balance | 383 | 72 | ||
Allowance related to: Loans individually evaluated for impairment | 107 | 14 | ||
Allowance related to: Loans collectively evaluated for impairment | 276 | 58 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | 72 | 95 | 383 | 72 |
Loans individually evaluated for impairment | 4,306 | 4,393 | ||
Loans collectively evaluated for impairment | 67,045 | 56,875 | ||
Loans Acquired with Deteriorated Credit Quality | 976 | 999 | ||
Total, Loans | 72,327 | 62,267 | ||
Home Equity [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 638 | 413 | ||
Charge-offs | (25) | (158) | ||
Recoveries | 7 | 30 | ||
Provision | (469) | 353 | ||
Ending balance | 151 | 638 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | ||
Allowance related to: Loans collectively evaluated for impairment | 151 | 638 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | 638 | 413 | 151 | 638 |
Loans individually evaluated for impairment | 523 | 523 | ||
Loans collectively evaluated for impairment | 81,495 | 83,505 | ||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | ||
Total, Loans | 82,018 | 84,028 | ||
Mortgage Warehouse Lines [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 0 | 0 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Provision | 0 | 0 | ||
Ending balance | 0 | 0 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | ||
Allowance related to: Loans collectively evaluated for impairment | 0 | 0 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | 0 | 0 | 0 | 0 |
Loans individually evaluated for impairment | 0 | 0 | ||
Loans collectively evaluated for impairment | 35,910 | 30,757 | ||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | ||
Total, Loans | 35,910 | 30,757 | ||
Consumer [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 210 | 121 | ||
Charge-offs | (195) | (389) | ||
Recoveries | 107 | 82 | ||
Provision | 69 | 396 | ||
Ending balance | 191 | 210 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | ||
Allowance related to: Loans collectively evaluated for impairment | 191 | 210 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | 210 | 121 | 191 | 210 |
Loans individually evaluated for impairment | 11 | 17 | ||
Loans collectively evaluated for impairment | 33,653 | 36,185 | ||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | ||
Total, Loans | 33,664 | 36,202 | ||
Other | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 263 | 103 | ||
Charge-offs | (211) | (251) | ||
Recoveries | 91 | 101 | ||
Provision | (5) | 310 | ||
Ending balance | 138 | 263 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | ||
Allowance related to: Loans collectively evaluated for impairment | 138 | 263 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | $ 263 | $ 103 | 138 | 263 |
Loans individually evaluated for impairment | 0 | 0 | ||
Loans collectively evaluated for impairment | 12,452 | 13,238 | ||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | ||
Total, Loans | $ 12,452 | $ 13,238 |
Goodwill And Other Intangible_3
Goodwill And Other Intangible Assets (Summary Of Goodwill Activity) (Details) $ in Thousands | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Goodwill [Roll Forward] | |
Goodwill, beginning balance | $ 15,272 |
Goodwill, Purchase Accounting Adjustments | 0 |
Goodwill, Acquired During Period | 0 |
Goodwill, ending balance | 15,272 |
Community Banking [Member] | |
Goodwill [Roll Forward] | |
Goodwill, beginning balance | 10,562 |
Goodwill, Purchase Accounting Adjustments | 0 |
Goodwill, Acquired During Period | 0 |
Goodwill, ending balance | 10,562 |
Insurance Services [Member] | |
Goodwill [Roll Forward] | |
Goodwill, beginning balance | 4,710 |
Goodwill, Purchase Accounting Adjustments | 0 |
Goodwill, Acquired During Period | 0 |
Goodwill, ending balance | $ 4,710 |
Goodwill And Other Intangible_4
Goodwill And Other Intangible Assets (Summary Of Other Intangible Assets) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Goodwill [Line Items] | ||
Identifiable intangible assets, Gross carrying amount | $ 15,598 | $ 15,598 |
Identifiable intangible assets, Less: accumulated amortization | 4,618 | 3,357 |
Identifiable intangible assets, Net carrying amount | 10,980 | 12,241 |
Community Banking [Member] | ||
Goodwill [Line Items] | ||
Identifiable intangible assets, Gross carrying amount | 12,598 | 12,598 |
Identifiable intangible assets, Less: accumulated amortization | 2,368 | 1,257 |
Identifiable intangible assets, Net carrying amount | 10,230 | 11,341 |
Insurance Services [Member] | ||
Goodwill [Line Items] | ||
Identifiable intangible assets, Gross carrying amount | 3,000 | 3,000 |
Identifiable intangible assets, Less: accumulated amortization | 2,250 | 2,100 |
Identifiable intangible assets, Net carrying amount | $ 750 | $ 900 |
Goodwill And Other Intangible_5
Goodwill And Other Intangible Assets (Narrative) (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Recorded amortization expense | $ 1,261,000 | $ 974,000 |
Goodwill And Other Intangible_6
Goodwill And Other Intangible Assets Schedule of Amortization Expense (Details) $ in Thousands | Sep. 30, 2018USD ($) |
Core Deposits [Member] | |
Schedule of Amortization of Intangibles [Line Items] | |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | $ 1,471 |
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 1,368 |
Finite-Lived Intangible Assets, Amortization Expense, Year Three | 1,265 |
Finite-Lived Intangible Assets, Amortization Expense, Year Four | 1,162 |
Finite-Lived Intangible Assets, Amortization Expense, Year Five | 1,060 |
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 | $ 100 |
Deposits (Summary Of Interest B
Deposits (Summary Of Interest Bearing Deposits By Type) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | |
Deposits [Abstract] | |||
Demand deposits, interest bearing | $ 505,411 | $ 410,606 | |
Savings deposits | 301,269 | 358,168 | |
Time deposits | 611,687 | 614,334 | |
Total | $ 1,418,367 | $ 1,383,108 | [1] |
[1] | Derived from audited consolidated financial statements |
Deposits (Summary Of Scheduled
Deposits (Summary Of Scheduled Maturities For All Time Deposits) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Deposits [Abstract] | ||
Three month period ending December 31, 2018 | $ 67,407 | |
Year ending December 31, 2019 | 226,878 | |
Year ending December 31, 2020 | 145,160 | |
Year ending December 31, 2021 | 76,228 | |
Year ending December 31, 2022 | 33,296 | |
Thereafter | 62,718 | |
Total | $ 611,687 | $ 614,334 |
Deposits (Narrative) (Details)
Deposits (Narrative) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Deposits [Abstract] | ||
Time Deposits, at or Above FDIC Insurance Limit | $ 249,700 | $ 239,600 |
Time deposits acquired through a third party (brokered deposits) | $ 227,312 | $ 216,900 |
Borrowed Funds (Summary Of Shor
Borrowed Funds (Summary Of Short-Term Borrowings) (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | ||
Debt Instrument [Line Items] | ||||
Beginning Balance | $ 238,403 | $ 250,499 | [1] | |
Short-term FHLB Advances [Member] | ||||
Debt Instrument [Line Items] | ||||
Beginning Balance | 233,300 | $ 199,500 | 247,000 | |
Average balance outstanding for the period | 209,877 | 196,728 | 201,712 | |
Maximum balance outstanding at any month end during period | $ 262,000 | $ 229,300 | $ 247,000 | |
Weighted average interest rate for the period | 2.01% | 1.10% | 1.19% | |
Weighted average interest rate for balances outstanding | 2.41% | 1.32% | 1.60% | |
Federal Funds Purchased and Lines of Credit [Member] | ||||
Debt Instrument [Line Items] | ||||
Beginning Balance | $ 5,103 | $ 3,488 | $ 3,499 | |
Average balance outstanding for the period | 4,128 | 3,474 | 3,512 | |
Maximum balance outstanding at any month end during period | $ 7,534 | $ 3,488 | $ 3,499 | |
Weighted average interest rate for the period | 1.80% | 1.03% | 1.10% | |
Weighted average interest rate for balances outstanding | 2.25% | 1.25% | 1.50% | |
Repurchase Agreements [Member] | ||||
Debt Instrument [Line Items] | ||||
Beginning Balance | $ 0 | |||
Average balance outstanding for the period | 519 | |||
Maximum balance outstanding at any month end during period | $ 0 | |||
Weighted average interest rate for the period | 0.12% | |||
Weighted average interest rate for balances outstanding | 0.00% | |||
[1] | Derived from audited consolidated financial statements |
Borrowed Funds (Long-term Borro
Borrowed Funds (Long-term Borrowings) (Narrative) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 |
Debt Disclosure [Abstract] | |||
Long-term borrowings | $ 739 | $ 45,751 | |
Average interest rate paid on long-term borrowings | 4.24% | 4.32% |
Borrowed Funds (Summary of Long
Borrowed Funds (Summary of Long-Term Borrowings) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Debt Disclosure [Abstract] | ||
Long-term FHLB advances | $ 739 | $ 751 |
Long-term reverse repurchase agreements | 0 | 45,000 |
Total | $ 739 | $ 45,751 |
Borrowed Funds (Subordinated De
Borrowed Funds (Subordinated Debentures Owed to Unconsolidated Subsidiary Trusts) (Narrative) (Details) $ in Thousands | 9 Months Ended | |||
Sep. 30, 2018USD ($)trust | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($) | [1] | |
Debt Instrument [Line Items] | ||||
Number of statutory business trusts | trust | 3 | |||
Subordinated debentures owed to unconsolidated subsidiary trusts | $ 19,589 | $ 19,589 | ||
Net proceeds from issuance of common stock | $ 179 | $ (43) | ||
Trust preferred securities limited to tier one capital elements, net of goodwill | 25.00% | |||
[1] | Derived 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 | Sep. 30, 2018 | Dec. 31, 2017 |
Total | $ 739 | $ 45,751 |
Long-term Debt [Member] | ||
2,018 | 4 | |
2,019 | 18 | |
2,020 | 18 | |
2,021 | 20 | |
2,022 | 21 | |
Thereafter | 658 | |
Total | 739 | |
Subordinated debentures owed to unconsolidated subsidiary trusts [Member] | ||
2,018 | 0 | |
2,019 | 0 | |
2,020 | 0 | |
2,021 | 0 | |
2,022 | 0 | |
Thereafter | 19,589 | |
Total | $ 19,589 |
Share Based Compensation Share
Share Based Compensation Share Based Compensation (Narrative) (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | May 31, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Allocated Share-based Compensation Expense | $ 292,000 | $ 284,000 | |||
Number of LTIP shares authorized | 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 | $ 70,000 | $ 105,000 | |||
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 | ||||
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 | ||||
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 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 |
Share Based Compensation (Summa
Share Based Compensation (Summary Of Activity In Stock Option Plans) (Details) - USD ($) $ / shares in Units, $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ||
Outstanding Options, Exercised | (1,600) | (2,000) |
Employee Stock Option and Stock Appreciation Rights (SARs) [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $ 1,645 | $ 2,604 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term | 6 years 7 months 13 days | 7 years 1 month 10 days |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number | 109,324 | 115,827 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value | $ 898 | $ 1,239 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Remaining Contractual Term | 5 years 6 months 18 days | 5 years 4 days |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $ 15.77 | $ 15.02 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ||
Outstanding Options, Beginning Balance | 250,291 | 217,857 |
Outstanding Options, Granted | 0 | 87,615 |
Outstanding Options, Exercised | (1,600) | (2,000) |
Outstanding Options, Forfeited | (3,200) | 0 |
Outstanding Options, Expired | 0 | 0 |
Outstanding Options, Ending Balance | 245,491 | 303,472 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract] | ||
Outstanding, Weighted-Average Exercise Price, Beginning Balance | $ 17.75 | $ 13.56 |
Outstanding, Weighted-Average Exercise Price, Granted | 0 | 26.01 |
Outstanding, Weighted-Average Exercise Price, Exercised | 17.79 | 6.21 |
Outstanding, Weighted-Average Exercise Price, Forfeited | 25.50 | 0 |
Outstanding, Weighted-Average Exercise Price, Expired | 0 | 0 |
Outstanding, Weighted-Average Exercise Price, Ending Balance | $ 17.65 | $ 17.20 |
Commitments And Contingencies_2
Commitments And Contingencies (Details) $ in Thousands | Sep. 30, 2018USD ($) |
Loss Contingencies [Line Items] | |
Total unfunded commitments | $ 344,714 |
Revolving Home Equity And Credit Card Lines [Member] | |
Loss Contingencies [Line Items] | |
Total unfunded commitments | 69,263 |
Construction [Member] | |
Loss Contingencies [Line Items] | |
Total unfunded commitments | 92,280 |
Other Loans [Member] | |
Loss Contingencies [Line Items] | |
Total unfunded commitments | 177,079 |
Standby Letters Of Credit [Member] | |
Loss Contingencies [Line Items] | |
Total unfunded commitments | $ 6,092 |
Regulatory Matters (Summary Of
Regulatory Matters (Summary Of Actual Capital Amounts And Ratios) (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Summit [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
CET1 (to risk weighted assets), Actual Amount | $ 192,823 | $ 177,010 |
CET1 (to risk weighted assets), Actual Ratio | 11.10% | 10.60% |
CET1 (to risk weighted assets), Minimum Required Capital, Amount | $ 116,893 | |
CET1 (to risk weighted assets), Minimum Required Capital, Ratio | 7.00% | |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 108,544 | |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 6.50% | |
Tier I Capital (to risk weighted assets), Actual Amount | $ 211,823 | $ 196,010 |
Tier I Capital (to risk weighted assets), Actual Ratio | 12.20% | 11.80% |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 141,194 | |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Ratio | 8.50% | |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 132,888 | |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 8.00% | |
Total Capital (to risk weighted assets), Actual Amount | $ 224,767 | $ 208,575 |
Total Capital (to risk weighted assets), Actual Ratio | 12.90% | 12.50% |
Total Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 175,203 | |
Total Capital (to risk weighted assets), Minimum Required Capital, Ratio | 10.50% | |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 166,860 | |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 10.00% | |
Tier I Capital (to average assets), Actual Amount | $ 211,823 | $ 196,010 |
Tier I Capital (to average assets), Actual Ratio | 10.10% | 9.40% |
Tier I Capital (to average assets), Minimum Required Capital, Amount | $ 83,409 | |
Tier I Capital (to average assets), Minimum Required Capital, Ratio | 4.00% | |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Amount | $ 104,261 | |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Ratio | 5.00% | |
Summit Community [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
CET1 (to risk weighted assets), Actual Amount | $ 207,725 | $ 195,008 |
CET1 (to risk weighted assets), Actual Ratio | 12.00% | 11.70% |
CET1 (to risk weighted assets), Minimum Required Capital, Amount | $ 121,173 | $ 116,671 |
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 | $ 112,518 | $ 108,338 |
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 | $ 207,725 | $ 195,008 |
Tier I Capital (to risk weighted assets), Actual Ratio | 12.00% | 11.70% |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 147,139 | $ 141,672 |
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 | $ 138,483 | $ 133,339 |
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 | $ 220,669 | $ 207,573 |
Total Capital (to risk weighted assets), Actual Ratio | 12.70% | 12.50% |
Total Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 182,443 | $ 174,361 |
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 | $ 173,755 | $ 166,058 |
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 | $ 207,725 | $ 195,008 |
Tier I Capital (to average assets), Actual Ratio | 9.90% | 9.40% |
Tier I Capital (to average assets), Minimum Required Capital, Amount | $ 83,929 | $ 82,982 |
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 | $ 104,912 | $ 103,728 |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Ratio | 5.00% | 5.00% |
Segment Information (Narrative)
Segment Information (Narrative) (Details) | 9 Months Ended |
Sep. 30, 2018segmentoffice | |
Segment Reporting Information [Line Items] | |
Number of business segments | segment | 3 |
Insurance Services Segment [Member] | |
Segment Reporting Information [Line Items] | |
Number of insurance agency offices | office | 2 |
Segment Information (Schedule O
Segment Information (Schedule Of Segment Information) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Segment Reporting Information [Line Items] | ||||
Net interest income | $ 17,213 | $ 17,232 | $ 51,745 | $ 48,709 |
Provision for loan losses | 500 | 375 | 1,750 | 875 |
Net interest income after provision for loan losses | 16,713 | 16,857 | 49,995 | 47,834 |
Other income | 4,211 | 4,000 | 13,235 | 10,496 |
Other expenses | 12,358 | 12,447 | 37,407 | 45,399 |
Income before income tax expense | 8,566 | 8,410 | 25,823 | 12,931 |
Income tax expense (benefit) | 1,667 | 2,480 | 5,201 | 3,339 |
Net income | 6,899 | 5,930 | 20,622 | 9,592 |
Inter-segment revenue (expense) | 0 | 0 | 0 | 0 |
Average assets | 2,113,400 | 2,088,260 | 2,118,300 | 1,971,487 |
Capital Expenditures | 1,422 | 1,497 | 4,288 | 5,672 |
Net Income (Loss) Available to Common Stockholders, Basic | 6,899 | 5,930 | 20,622 | 9,592 |
Community Banking [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income | 17,441 | 17,408 | 52,385 | 49,220 |
Provision for loan losses | 500 | 375 | 1,750 | 875 |
Net interest income after provision for loan losses | 16,941 | 17,033 | 50,635 | 48,345 |
Other income | 2,490 | 2,408 | 8,052 | 6,280 |
Other expenses | 10,696 | 10,844 | 32,270 | 41,351 |
Income before income tax expense | 8,735 | 8,597 | 26,417 | 13,274 |
Income tax expense (benefit) | 1,677 | 2,482 | 5,251 | 3,386 |
Net income | 7,058 | 6,115 | 21,166 | 9,888 |
Inter-segment revenue (expense) | (359) | (451) | (1,077) | (1,353) |
Average assets | 2,130,483 | 2,110,832 | 2,135,416 | 1,994,042 |
Capital Expenditures | 1,411 | 1,497 | 4,178 | 5,544 |
Trust and Wealth Management [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income | 0 | 0 | 0 | 0 |
Provision for loan losses | 0 | 0 | 0 | 0 |
Net interest income after provision for loan losses | 0 | 0 | 0 | 0 |
Other income | 687 | 589 | 2,026 | 1,284 |
Other expenses | 551 | 546 | 1,561 | 1,219 |
Income before income tax expense | 136 | 43 | 465 | 65 |
Income tax expense (benefit) | 33 | 16 | 112 | 24 |
Net income | 103 | 27 | 353 | 41 |
Inter-segment revenue (expense) | 0 | 0 | 0 | 0 |
Average assets | 0 | 0 | 0 | 0 |
Capital Expenditures | 0 | 0 | 0 | 0 |
Insurance Services [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income | 0 | 0 | 0 | 0 |
Provision for loan losses | 0 | 0 | 0 | 0 |
Net interest income after provision for loan losses | 0 | 0 | 0 | 0 |
Other income | 1,034 | 1,003 | 3,157 | 2,932 |
Other expenses | 879 | 814 | 2,728 | 2,495 |
Income before income tax expense | 155 | 189 | 429 | 437 |
Income tax expense (benefit) | 43 | 92 | 111 | 190 |
Net income | 112 | 97 | 318 | 247 |
Inter-segment revenue (expense) | (30) | (40) | (89) | (120) |
Average assets | 6,121 | 6,288 | 6,059 | 6,197 |
Capital Expenditures | 11 | 0 | 24 | 36 |
Parent [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income | (228) | (176) | (640) | (511) |
Provision for loan losses | 0 | 0 | 0 | 0 |
Net interest income after provision for loan losses | (228) | (176) | (640) | (511) |
Other income | 389 | 491 | 1,166 | 1,473 |
Other expenses | 621 | 734 | 2,014 | 1,807 |
Income before income tax expense | (460) | (419) | (1,488) | (845) |
Income tax expense (benefit) | (86) | (110) | (273) | (261) |
Net income | (374) | (309) | (1,215) | (584) |
Inter-segment revenue (expense) | 389 | 491 | 1,166 | 1,473 |
Average assets | 234,693 | 217,928 | 229,597 | 203,459 |
Capital Expenditures | 0 | 0 | 86 | 92 |
Intersegment Elimination [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Net interest income | 0 | 0 | 0 | 0 |
Provision for loan losses | 0 | 0 | 0 | 0 |
Net interest income after provision for loan losses | 0 | 0 | 0 | 0 |
Other income | (389) | (491) | (1,166) | (1,473) |
Other expenses | (389) | (491) | (1,166) | (1,473) |
Income before income tax expense | 0 | 0 | 0 | 0 |
Income tax expense (benefit) | 0 | 0 | 0 | 0 |
Net income | 0 | 0 | 0 | 0 |
Inter-segment revenue (expense) | 0 | 0 | 0 | 0 |
Average assets | (257,897) | (246,788) | (252,772) | (232,211) |
Capital Expenditures | $ 0 | $ 0 | $ 0 | $ 0 |
Derivative Financial Instrume_3
Derivative Financial Instruments (Narrative) (Details) $ in Thousands | 9 Months Ended |
Sep. 30, 2018USD ($)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 Instrume_4
Derivative Financial Instruments (Details) - Interest Rate Swap [Member] - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
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 | 284 | 2,057 |
Net Ineffectiveness Hedge Gains/(Losses) | 0 | 0 |
Commercial Real Estate [Member] | Fair Value Hedges [Member] | ||
Derivative [Line Items] | ||
Notional Amount | 19,543 | 19,965 |
Derivative Fair Value, Asset | 1,063 | 312 |
Derivative Fair Value, Liability | 0 | 0 |
Net Ineffectiveness Hedge Gains/(Losses) | $ 0 | $ 0 |
Acquisitions Acquisitions (Nar
Acquisitions Acquisitions (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions | Jul. 24, 2018 | Sep. 30, 2018 | Apr. 01, 2017 | Mar. 31, 2017 |
First Century Bankshares, Inc [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $ 406 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 361 | |||
Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | |||
Peoples Bankshares Inc [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Acquisition, Share Price | $ 47 | |||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 1.7193 | |||
Business Acquisition Combination of Equity and Cash, Cash | 50.00% | |||
Business Acquisition Combination of Equity and Cash, Common Stock | 50.00% | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets | $ 134 |
Acquisitions Financial Effects
Acquisitions Financial Effects of Purchase Accounting Adjustments (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Business Acquisition [Line Items] | ||||
Interest and Fees on Loans | $ 38 | $ 224 | $ 239 | $ 712 |
Interest Expense on Deposits | 48 | 76 | 162 | 167 |
Amortization of Intangibles | (363) | (398) | (1,111) | (825) |
Income Before Income Tax Expense | $ (277) | $ (98) | $ (710) | $ 54 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||||||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Jun. 30, 2018 | Dec. 31, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Accumulated other comprehensive (loss) income | $ (2,905) | $ 389 | $ (2,905) | $ 389 | $ (986) | $ 1,732 | [1] | $ (307) | $ (3,262) |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (1,913) | 712 | (4,008) | 3,688 | |||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (6) | (16) | (629) | (37) | |||||
Other Comprehensive Income (Loss), Net of Tax | (1,919) | 696 | (4,637) | 3,651 | |||||
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Accumulated other comprehensive (loss) income | 398 | 219 | 398 | 219 | 398 | 398 | 219 | 0 | |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 0 | 0 | 0 | 219 | |||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | 0 | 0 | 0 | |||||
Other Comprehensive Income (Loss), Net of Tax | 0 | 0 | 0 | 219 | |||||
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Accumulated other comprehensive (loss) income | (217) | (1,925) | (217) | (1,925) | (472) | (1,564) | (2,238) | (2,905) | |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 255 | 313 | 1,347 | 980 | |||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | 0 | 0 | 0 | |||||
Other Comprehensive Income (Loss), Net of Tax | 255 | 313 | 1,347 | 980 | |||||
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Accumulated other comprehensive (loss) income | (3,086) | 2,095 | (3,086) | 2,095 | $ (912) | $ 2,898 | $ 1,712 | $ (357) | |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (2,168) | 399 | (5,355) | 2,489 | |||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (6) | (16) | (629) | (37) | |||||
Other Comprehensive Income (Loss), Net of Tax | $ (2,174) | $ 383 | $ (5,984) | $ 2,452 | |||||
[1] | Derived from audited consolidated financial statements |
Income Taxes Income Taxes (Narr
Income Taxes Income Taxes (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Income Tax Disclosure [Abstract] | ||||
Income tax expense | $ 1,667 | $ 2,480 | $ 5,201 | $ 3,339 |
Effective Income Tax Rate Reconciliation, Percent | 19.50% | 29.50% | 20.10% | 25.80% |
Income Taxes Income Taxes (Reco
Income Taxes Income Taxes (Reconciliation Statutory Income Tax Rates) (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Effective Income Tax Rate Reconciliation, Percent [Abstract] | ||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 35.00% | 21.00% | 35.00% |
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Percent | (3.10%) | (5.10%) | (3.00%) | (8.80%) |
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent | 2.10% | 1.80% | 2.20% | 1.80% |
Effective Income Tax Rate Reconciliation, Low-Income Housing and Rehabilitation, Percent | (0.90%) | (2.30%) | (1.10%) | (1.50%) |
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent | 0.40% | 0.10% | 1.00% | (0.70%) |
Effective Income Tax Rate Reconciliation, Percent | 19.50% | 29.50% | 20.10% | 25.80% |
Income Taxes Income Taxes (Sche
Income Taxes Income Taxes (Schedule of Components of Applicable Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Current Income Tax Expense (Benefit), Continuing Operations [Abstract] | ||||
Current Federal Tax Expense (Benefit) | $ 1,410 | $ 2,436 | $ 4,628 | $ 3,315 |
Current State and Local Tax Expense (Benefit) | 228 | 251 | 737 | 388 |
Current Income Tax Expense (Benefit) | 1,638 | 2,687 | 5,365 | 3,703 |
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract] | ||||
Deferred Federal Income Tax Expense (Benefit) | 25 | (190) | (142) | (333) |
Deferred State and Local Income Tax Expense (Benefit) | 4 | (17) | (22) | (31) |
Deferred Income Tax Expense (Benefit) | 29 | (207) | (164) | (364) |
Income Tax Expense (Benefit) | $ 1,667 | $ 2,480 | $ 5,201 | $ 3,339 |
Revenue Recognition Revenue f_3
Revenue Recognition Revenue from Contracts with Customers (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
Sep. 30, 2018 | Sep. 30, 2018 | |
Revenue within other ASC Scopes [Member] | ||
Revenue from Contracts with Customers [Line Items] | ||
GainLossOnSalesOfForeclosedProperties | $ (18) | $ (12) |
Revenue Recognition Revenue f_4
Revenue Recognition Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Revenue from Contracts with Customers [Line Items] | ||||
Insurance commissions | $ 1,062 | $ 1,043 | $ 3,188 | $ 3,000 |
Noninterest Income, Other Operating Income | 196 | 187 | 656 | 531 |
Non-interest income within the scope of other ASC topics | 401 | 2,068 | ||
Noninterest Income | 4,211 | 4,000 | 13,235 | 10,496 |
Revenue in Scope ASC 606 [Member] | ||||
Revenue from Contracts with Customers [Line Items] | ||||
Insurance commissions | 1,062 | 3,188 | ||
Noninterest Income, Other Operating Income | 53 | 189 | ||
Total Revenue in ASC 606 | 3,810 | 11,167 | ||
Deposit Account [Member] | ||||
Revenue from Contracts with Customers [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 1,215 | 1,162 | 3,421 | 2,910 |
Deposit Account [Member] | Revenue in Scope ASC 606 [Member] | ||||
Revenue from Contracts with Customers [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 1,215 | 3,421 | ||
Credit and Debit Card [Member] | ||||
Revenue from Contracts with Customers [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 793 | 738 | 2,343 | 1,955 |
Credit and Debit Card [Member] | Revenue in Scope ASC 606 [Member] | ||||
Revenue from Contracts with Customers [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 793 | 2,343 | ||
Fiduciary and Trust [Member] | ||||
Revenue from Contracts with Customers [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 687 | $ 589 | 2,026 | $ 1,284 |
Fiduciary and Trust [Member] | Revenue in Scope ASC 606 [Member] | ||||
Revenue from Contracts with Customers [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | $ 687 | $ 2,026 |