Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Feb. 28, 2019 | Jun. 30, 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-K | ||
Document Period End Date | Dec. 31, 2018 | ||
Document Fiscal Year Focus | 2,018 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
Entity Shell Company | false | ||
Entity Common Stock, Shares Outstanding | 12,803,918 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Public Float | $ 290,798,000 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash and due from banks | $ 23,061 | $ 9,641 |
Interest bearing deposits with other banks | 36,479 | 42,990 |
Cash and cash equivalents | 59,540 | 52,631 |
Debt Securities, Available-for-sale | 293,147 | 328,586 |
Other investments | 16,635 | 15,071 |
Loans held for sale, net | 400 | 0 |
Total loans, net of unearned fees | 1,695,052 | 1,606,309 |
Loans and Leases Receivable, Allowance | (13,047) | (12,565) |
Loans, net | 1,682,005 | 1,593,744 |
Property held for sale | 21,432 | 21,470 |
Premises and equipment, net | 37,553 | 34,209 |
Accrued interest receivable | 8,708 | 8,329 |
Intangible assets | 25,842 | 27,513 |
Cash surrender value of life insurance policies | 42,386 | 41,358 |
Other assets | 12,938 | 11,329 |
Total assets | 2,200,586 | 2,134,240 |
Deposits | ||
Non interest bearing | 222,120 | 217,493 |
Interest bearing | 1,412,706 | 1,383,108 |
Total deposits | 1,634,826 | 1,600,601 |
Short-term borrowings | 309,084 | 250,499 |
Long-term borrowings | 735 | 45,751 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Other liabilities | 16,522 | 16,295 |
Total liabilities | 1,980,756 | 1,932,735 |
Commitments and Contingencies | ||
Shareholders' Equity | ||
Preferred stock, $1.00 par value, authorized 250,000 shares | 0 | 0 |
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2018 - 12,399,887 shares, 2017 - 12,465,296 shares; outstanding: 2018 - 12,312,933 shares, 2017 - 12,358,562 shares | 80,431 | 81,098 |
Unearned ESOP Shares | (939) | (1,152) |
Retained earnings | 141,354 | 119,827 |
Accumulated other comprehensive income | (1,016) | 1,732 |
Total shareholders' equity | 219,830 | 201,505 |
Total liabilities and shareholders' equity | $ 2,200,586 | $ 2,134,240 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2018 | Dec. 31, 2017 |
Preferred stock, shares authorized | 250,000 | 250,000 |
Preferred stock, par value | $ 1 | $ 1 |
Common stock, par value | $ 2.50 | $ 2.50 |
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares issued | 12,399,887 | 12,465,296 |
Common stock, shares outstanding | 12,312,933 | 12,358,562 |
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 86,954 | 106,734 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Interest and fees on loans | |||
Taxable | $ 84,716 | $ 74,365 | $ 56,439 |
Tax-exempt | 567 | 543 | 541 |
Interest and dividends on securities | |||
Interest Income, Securities, Operating, Taxable | 5,341 | 5,071 | 4,395 |
Interest Income, Securities, Operating, Tax Exempt | 4,246 | 3,939 | 2,543 |
Interest on interest bearing deposits with other banks | 539 | 609 | 173 |
Total interest income | 95,409 | 84,527 | 64,091 |
Interest expense | |||
Interest on deposits | 17,675 | 11,210 | 8,964 |
Interest on short-term borrowings | 5,993 | 4,473 | 2,288 |
Interest on long-term borrowings and subordinated debentures | 1,944 | 2,697 | 3,832 |
Total interest expense | 25,612 | 18,380 | 15,084 |
Net interest income | 69,797 | 66,147 | 49,007 |
Provision for loan losses | 2,250 | 1,250 | 500 |
Net interest income after provision for loan losses | 67,547 | 64,897 | 48,507 |
Other income | |||
Insurance commissions | 4,320 | 4,005 | 4,022 |
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments | 622 | (14) | 1,127 |
Bank owned life insurance income | 1,022 | 1,017 | 1,054 |
Other | 1,022 | 750 | 423 |
Total other income | 17,422 | 14,427 | 11,600 |
Other expense | |||
Salaries, commissions, and employee benefits | 27,478 | 25,075 | 19,573 |
Net occupancy expense | 3,364 | 3,011 | 2,098 |
Equipment expense | 4,411 | 3,954 | 2,759 |
Professional fees | 1,607 | 1,367 | 1,515 |
Marketing and Advertising Expense | 654 | 578 | 445 |
Amortization of intangibles | 1,671 | 1,410 | 247 |
FDIC premiums | 830 | 1,065 | 875 |
Bank card expense | 1,475 | 1,432 | 1,242 |
Foreclosed properties expense, net of losses | 1,350 | 1,339 | 166 |
Business Combination, Acquisition Related Costs | 144 | 1,589 | 933 |
Write-down of foreclosed properties | 776 | 885 | 668 |
Litigation Settlement | 0 | 9,900 | 0 |
Other | 6,889 | 7,025 | 4,949 |
Total other expense | 49,873 | 57,745 | 34,802 |
Income before income taxes | 35,096 | 21,579 | 25,305 |
Income tax expense | 7,024 | 9,664 | 8,008 |
Net Income | 28,072 | 11,915 | 17,297 |
Net income (loss) applicable to common shares | $ 28,072 | $ 11,915 | $ 17,297 |
Basic earnings per share | $ 2.27 | $ 1 | $ 1.62 |
Diluted earnings per share | $ 2.26 | $ 1 | $ 1.61 |
Fiduciary and Trust [Member] | |||
Other income | |||
Revenue from Contract with Customer, Including Assessed Tax | $ 2,653 | $ 1,863 | $ 449 |
Deposit Account [Member] | |||
Other income | |||
Revenue from Contract with Customer, Including Assessed Tax | 4,631 | 4,109 | 2,656 |
Credit and Debit Card [Member] | |||
Other income | |||
Revenue from Contract with Customer, Including Assessed Tax | $ 3,152 | $ 2,697 | $ 1,869 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Statement of Comprehensive Income [Abstract] | |||
Net income | $ 28,072 | $ 11,915 | $ 17,297 |
Other comprehensive income (loss): | |||
Net unrealized gain (loss) on cashflow hedge of $1,645, $2,556, and $459 net of deferred taxes of $395, $946, and $170 for the years ended December 31, 2018, 2017, and 2016 respectfully | 1,250 | 1,610 | 289 |
Net unrealized gain (loss) on available for sale debt securities of ($4,920), $4,378, and ($4,913), net of deferred taxes of ($1,181), $1,620, and ($1,818) and reclassification adjustment for net realized gains (losses) included in net income of $622, ($14), and $1,127, net of tax of $149, ($5), and $417 for the years ended December 31, 2018, 2017, and 2016, respectfully | (3,739) | 2,758 | (3,095) |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax | (259) | 328 | 0 |
Other Comprehensive Income (Loss), Net of Tax | (2,748) | 4,696 | (2,806) |
Total comprehensive income | $ 25,324 | $ 16,611 | $ 14,491 |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Statement of Comprehensive Income [Abstract] | |||
Net unrealized gain (loss) on cashflow hedge | $ 1,645 | $ 2,556 | $ 459 |
Net unrealized gain (loss) on cashflow hedge, deferred taxes | 395 | 946 | 170 |
Net unrealized gain (loss) on available for sale debt securities | (4,920) | 4,378 | (4,913) |
Net unrealized gain (loss) on available for sale debt securities, deferred taxes | (1,181) | 1,620 | (1,818) |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | 622 | (14) | 1,127 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | 149 | (5) | 417 |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax | (341) | 521 | 0 |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, Tax | $ (82) | $ 193 | $ 0 |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity - 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, 2015 | $ 143,744 | $ 45,741 | $ (1,964) | $ 100,423 | $ (456) |
Comprehensive income: | |||||
Net income | 17,297 | 17,297 | |||
Other comprehensive income | (2,806) | (2,806) | |||
Exercise of stock options | 447 | 447 | |||
Stock compensation expense | 200 | 200 | |||
Stock Issued During Period, Value, Employee Stock Ownership Plan | 649 | 268 | 381 | ||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 101 | 101 | |||
Dividends, Common Stock, Cash | (4,272) | (4,272) | |||
Ending Balance at Dec. 31, 2016 | 155,360 | 46,757 | (1,583) | 113,448 | (3,262) |
Comprehensive income: | |||||
Net income | 11,915 | 11,915 | |||
Other comprehensive income | 4,696 | 4,696 | |||
Tax Cuts and Jobs Act of 2017 Reclassification from AOCI to Retained Earnings | 0 | (298) | 298 | ||
Exercise of stock options | 304 | 304 | |||
Stock compensation expense | 385 | 385 | |||
Stock Issued During Period, Value, Employee Stock Ownership Plan | 946 | 515 | 431 | ||
Stock Issued During Period, Value, Acquisitions | 32,968 | 32,968 | |||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 169 | 169 | |||
Dividends, Common Stock, Cash | (5,238) | (5,238) | |||
Ending Balance at Dec. 31, 2017 | 201,505 | 81,098 | (1,152) | 119,827 | 1,732 |
Comprehensive income: | |||||
Net income | 28,072 | 28,072 | |||
Other comprehensive income | (2,748) | (2,748) | |||
Exercise of stock options | 122 | 122 | |||
Stock compensation expense | 391 | 391 | |||
Stock Issued During Period, Value, Employee Stock Ownership Plan | 485 | 272 | 213 | ||
Stock Repurchased and Retired During Period, Value | (1,689) | (1,689) | |||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 237 | 237 | |||
Dividends, Common Stock, Cash | (6,545) | (6,545) | |||
Ending Balance at Dec. 31, 2018 | $ 219,830 | $ 80,431 | $ (939) | $ 141,354 | $ (1,016) |
Consolidated Statements of Sh_2
Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Stock Repurchased and Retired During Period, Shares | 82,423 | ||
Common Stock, Dividends, Per Share, Declared | $ 0.53 | $ 0.44 | $ 0.40 |
Common stock issuances from reinvested dividends, number of shares | 10,214 | 6,950 | 5,203 |
Stock Issued During Period, Shares, Acquisitions | 1,537,912 | ||
Stock Issued During Period, Shares, Employee Stock Ownership Plan | 19,780 | 39,805 | 35,283 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 6,800 | 36,925 | 24,740 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Statement of Cash Flows [Abstract] | |||
Payments to Acquire Businesses, Gross | $ 14,989 | $ 21,826 | |
Cash Flows from Operating Activities | |||
Net income | $ 28,072 | 11,915 | 17,297 |
Adjustments to reconcile net earnings to net cash | |||
Depreciation | 2,168 | 1,887 | 1,224 |
Provision for loan losses | 2,250 | 1,250 | 500 |
Stock compensation expense | 391 | 385 | 200 |
Deferred income tax expense | (349) | 4,076 | (357) |
Loans originated for sale | (15,939) | (16,248) | (10,593) |
Proceeds from loans sold | 15,834 | 16,747 | 11,425 |
Gain (Loss) on Sales of Loans, Net | (295) | (323) | (229) |
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments | 622 | (14) | 1,127 |
Loss on disposal of assets | 74 | (133) | (946) |
Write down of foreclosed properties | 776 | 885 | 668 |
Amortization of securities premiums (accretion of discounts), net | 3,412 | 4,190 | 4,325 |
Amortization (accretion) related to acquisitions, net | (580) | (1,051) | (44) |
Amortization of intangibles | 1,671 | 1,410 | 247 |
Decrease in accrued interest receivable | (378) | (1,102) | (254) |
Increase in cash surrender value of bank owned life insurance | (1,028) | (707) | (1,059) |
(Increase) decrease in other assets | (320) | 668 | (894) |
Increase (decrease) in other liabilities | 3,384 | 510 | 2,827 |
Net cash provided by operating activities | 38,521 | 24,373 | 23,210 |
Cash Flows from Investing Activities | |||
Proceeds from maturities and calls of securities available for sale | 1,145 | 2,700 | 3,235 |
Proceeds from Sale of Debt Securities, Available-for-sale | 107,559 | 152,882 | 72,453 |
Principal payments received on securities available for sale | 24,814 | 31,902 | 35,881 |
Payments to Acquire Debt Securities, Available-for-sale | 105,789 | 148,174 | 99,497 |
Purchases of other investments | (14,550) | (18,604) | (18,273) |
Redemption of Federal Home Loan Bank Stock | 11,717 | 15,932 | 14,066 |
Net principal payments received on loans | (92,189) | (61,104) | (170,716) |
Purchases of premises and equipment | (5,545) | (6,185) | (1,857) |
Proceeds from disposal of premises and equipment | 42 | 0 | 43 |
Improvements to property held for sale | (1,304) | (316) | (463) |
Proceeds from sales of other repossessed assets & property held for sale | 2,365 | 5,883 | 5,168 |
Cash Acquired from Acquisition | 0 | 39,053 | 31,409 |
Net cash provided by (used in) investing activities | (71,735) | 13,969 | (128,551) |
Cash Flows from Financing Activities | |||
Net increase in demand deposit, NOW and savings accounts | 43,282 | 48 | 78,462 |
Net decrease in time deposits | (8,853) | (45,261) | 43,575 |
Net increase in short-term borrowings | 58,585 | 18,729 | 53,068 |
Repayment of long-term borrowings | (45,016) | (918) | (28,911) |
Net proceeds from issuance of common stock | 237 | 10 | 101 |
Payments for Repurchase of Common Stock | (1,689) | 0 | 0 |
Exercise of stock options | 122 | 303 | 447 |
Payments of Ordinary Dividends, Common Stock | (6,545) | (5,238) | (4,272) |
Net cash provided by (used in) financing activities | 40,123 | (32,327) | 142,470 |
Increase in cash and cash equivalents | 6,909 | 6,015 | 37,129 |
Cash and cash equivalents: | |||
Beginning | 52,631 | 46,616 | 9,487 |
Ending | 59,540 | 52,631 | 46,616 |
Cash payments for: | |||
Interest | 25,426 | 18,201 | 15,175 |
Income taxes | 7,539 | 5,996 | 8,022 |
Supplemental Schedule of Noncash Investing and Financing Activities | |||
Other assets acquired in settlement of loans | 1,822 | 430 | 2,394 |
Noncash or Part Noncash Acquisition, Value of Assets Acquired | 0 | 350,894 | 70,894 |
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed | $ 0 | $ 361,045 | $ 107,094 |
Basis of Presentation
Basis of Presentation | 12 Months Ended |
Dec. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | BASIS OF PRESENTATION We are a financial holding company headquartered in Moorefield, West Virginia. We operate in three business segments: community banking, trust and wealth management services and insurance services. Our primary business is community banking. Our community bank subsidiary, Summit Community Bank (“Summit Community”) provides commercial and retail banking services primarily in the Eastern Panhandle and Southern regions of West Virginia and the Northern, Shenandoah Valley and Southwestern regions of Virginia. We also operate Summit Insurance Services, LLC in Moorefield, West Virginia and Leesburg, Virginia. Our accounting and reporting policies conform to accounting principles generally accepted in the United States of America and to general practices within the banking industry. Use of estimates : We must make estimates and assumptions that affect the reported amounts and disclosures in preparing our financial statements in conformity with accounting principles generally accepted in the United States of America. Actual results could differ significantly from those estimates. Principles of consolidation : The accompanying consolidated financial statements include the accounts of Summit and its wholly-owned subsidiaries. All significant accounts and transactions among these entities have been eliminated. Comprehensive income: Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on securities available for sale, cash flow hedges and other post-retirement benefits, which are recognized as separate components of equity. Cash and cash equivalents: Cash and cash equivalents includes cash on hand, amounts due from banks (including cash items in process of clearing), interest bearing deposits with other banks and federal funds sold. Loans held for sale : Loans held for sale are valued at the lower of aggregate carrying cost or fair value. Gains or losses realized on the sales of loans are recognized in other income at the time of sale. Cash surrender value of life insurance policies: We have purchased life insurance policies on certain employees. Company owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Presentation of cash flows : For purposes of reporting, cash flows from demand deposits, NOW accounts, savings accounts and short-term borrowings are reported on a net basis, since their original maturities are less than three months. Cash flows from loans and certificates of deposit and other time deposits are reported net. Advertising: Advertising costs are expensed as incurred. Trust services : Assets held in an agency or fiduciary capacity are not our assets and are not included in the accompanying consolidated balance sheets. Trust services income is recognized on the cash basis in accordance with customary banking practice. Reporting such income on a cash basis does not produce results that are materially different from those that would result from use of the accrual basis. Unconsolidated subsidiary trusts: In accordance with accounting principles generally accepted in the United States, we do not consolidate subsidiary trusts which issue guaranteed preferred beneficial interests in subordinated debentures (Trust Preferred Securities). The Trust Preferred Securities qualify as Tier 1 capital for regulatory purposes. See Note 13 of our Notes to Consolidated Financial Statements for a discussion of our subordinated debentures owed to unconsolidated subsidiary trusts. Significant accounting policies: The following table identifies our other significant accounting policies and the Note and page where a detailed description of each policy can be found. Acquisitions Note 3 Page 56 Fair Value Measurements Note 4 Page 56 Debt Securities Note 5 Page 60 Other Investments Note 6 Page 64 Loans Note 7 Page 64 Allowance for Loan Losses Note 8 Page 72 Property Held for Sale Note 9 Page 75 Premises and Equipment Note 10 Page 75 Goodwill and Other Intangible Assets Note 11 Page 75 Securities Sold Under Agreements to Repurchase Note 13 Page 77 Derivative Financial Instruments Note 14 Page 79 Income Taxes Note 15 Page 80 Employee Benefit Plans Note 16 Page 82 Share-Based Compensation Note 16 Page 83 Operating Segments Note 19 Page 87 Earnings Per Share Note 20 Page 88 Accumulated Other Comprehensive Income Note 21 Page 88 Revenue Recognition Note 22 Page 89 |
Significant New Authoritative A
Significant New Authoritative Accounting Guidance | 12 Months Ended |
Dec. 31, 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 4. Fair Value Measurements). 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 ). The adoption of this standard on January 1, 2019 did not have a material effect on our consolidated financial statements. Our current minimum commitments under long-term operating leases are disclosed in Note 17, Commitments and Contingencies. Pending Adoption 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. Accordingly, we will adopt the guidance in the first quarter of 2020 with a cumulative-effect adjustment to retained earnings as of the beginning of the period. In this regard, we appointed a cross-functional implementation team comprised of personnel from risk management, operations and information technology, loan administration and finance and have engaged a third-party to assist us. The team has completed its preliminary implementation process and will test the model we developed to implement the standard using contemporaneous loan data throughout 2019. We continue to evaluate the impact the new standard will have on our consolidated financial statements as the final impact will be dependent upon, among other items, 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. |
Acquisitions
Acquisitions | 12 Months Ended |
Dec. 31, 2018 | |
Business Combinations [Abstract] | |
Acquisitions | ACQUISITIONS Peoples Bankshares, Inc. On January 1, 2019, Summit Community Bank, Inc., a wholly-owned subsidiary of Summit, acquired 100% of the ownership of Peoples Bankshares, Inc. ("PBI") and its subsidiary First Peoples Bank, Inc., headquartered in Mullens, West Virginia, for consideration of 465,931 shares of Summit common stock and $12.7 million cash. With this transaction, Summit expanded its footprint into Wyoming and Raleigh counties of West Virginia. PBI's assets and liabilities approximated $133 million and $113 million , respectively, at December 31, 2018 and 2018's total revenues, net of interest expense were $3.6 million and 2018 net income totaled $21,000 . The acquisition is deemed immaterial to our financial statements. The former First Peoples offices will continue to operate under that name until close of business on Friday, April 26, 2019, and will commence operating under the name Summit Community Bank on Monday, April 29, 2019. First Century Bankshares, Inc. 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 statements of income for the years ended December 31, 2018 and 2017 related to business combinations that occurred during 2016 and 2017. Income increase (decrease) Dollars in thousands December 31, 2018 December 31, 2017 Interest and fees on loans $ 386 $ 825 Interest expense on deposits 205 237 Amortization of intangibles (1,471 ) (1,210 ) Income before income tax expense $ (880 ) $ (148 ) |
Fair Value Measurements
Fair Value Measurements | 12 Months Ended |
Dec. 31, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | FAIR VALUE MEASUREMENTS Fair value is based upon the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A fair value hierarchy is utilized to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs used to measure fair value are as follows: Level 1 : Quoted prices (unadjusted) or identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2 : Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active and other inputs that are observable or can be corroborated by observable market data. Level 3 : Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Accordingly, securities available-for-sale and derivative financial instruments are recorded at fair value on a recurring basis. Additionally, from time to time, we may be required to record other assets at fair value on a nonrecurring basis, such as loans held for sale, property held for sale and impaired loans held for investment. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Following is a description of valuation methodologies used for assets and liabilities recorded at fair value. Available-for-Sale Debt Securities : Debt securities available-for-sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage-backed securities issued by government sponsored entities, municipal bonds and corporate debt securities. Certain trust preferred securities classified as corporate debt securities are Level 3 due to limited market trades of these classes of securities. Derivative Financial Instruments : Derivative financial instruments are recorded at fair value on a recurring basis. Fair value measurement is based on pricing models run by a third-party, utilizing observable market-based inputs. All future floating cash flows are projected and both floating and fixed cash flows are discounted to the valuation date. As a result, we classify interest rate swaps as Level 2. Loans Held for Sale : Loans held for sale are carried at the lower of cost or fair value. The fair value of loans held for sale is based on what secondary markets are currently offering for portfolios with similar characteristics. As such, we classify loans subject to nonrecurring fair value adjustments as Level 2. Loans : We do not record loans at fair value on a recurring basis. However, from time to time, a loan is considered impaired and an allowance for loan loss is established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the original contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment using one of several methods, including collateral value, liquidation value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the discounted cash flows or collateral value exceeds the recorded investments in such loans. These loans are carried at recorded loan investment and therefore are not included in the following tables of loans measured at fair value. Impaired loans internally graded as substandard, doubtful, or loss are evaluated using the fair value of collateral method. All other impaired loans are measured for impairment using the discounted cash flows method. Impaired loans where an allowance is established based on the fair value of collateral are included in the fair value hierarchy. When the fair value of the collateral is based on an observable market price or a current appraised value, we record the impaired loan as nonrecurring Level 2. When a current appraised value is not available and there is no observable market price, we record the impaired loan as nonrecurring Level 3. When impaired loans are deemed required to be included in the fair value hierarchy, management immediately begins the process of evaluating the estimated fair value of the underlying collateral to determine if a related specific allowance for loan losses or charge-off is necessary. Current appraisals are ordered once a loan is deemed impaired if the existing appraisal is more than twelve months old, or more frequently if there is known deterioration in value. For recently identified impaired loans, a current appraisal may not be available at the financial statement date. Until the current appraisal is obtained, the original appraised value is discounted, as appropriate, to compensate for the estimated depreciation in the value of the loan’s underlying collateral since the date of the original appraisal. Such discounts are generally estimated based upon management’s knowledge of sales of similar collateral within the applicable market area and its knowledge of other real estate market-related data as well as general economic trends. When a new appraisal is received (which is generally within 3 months of a loan being identified as impaired), management then re-evaluates the fair value of the collateral and adjusts any specific allocated allowance for loan losses, as appropriate. In addition, management also assigns a discount of 7–10% for the estimated costs to sell the collateral. Property Held for Sale: Property held for sale consists of real estate acquired in foreclosure or other settlement of loans. Foreclosed assets are initially recorded at fair value, less estimated selling costs, when acquired establishing a new cost basis. Such assets are carried on the balance sheet at the lower of the investment in the real estate or its fair value less estimated selling costs. The fair value of foreclosed properties is determined on a nonrecurring basis generally utilizing current appraisals performed by an independent, licensed appraiser applying an income or market value approach using observable market data (Level 2). Updated appraisals of foreclosed properties are generally obtained if the existing appraisal is more than 18 months old or more frequently if there is a known deterioration in value. However, if a current appraisal is not available, the original appraised value is discounted, as appropriate, to compensate for the estimated depreciation in the value of the real estate since the date of its original appraisal. Such discounts are generally estimated based upon management’s knowledge of sales of similar property within the applicable market area and its knowledge of other real estate market-related data as well as general economic trends (Level 3). Upon foreclosure, any fair value adjustment is charged against the allowance for loan losses. Subsequent fair value adjustments are recorded in the period incurred and included in other noninterest expense in the consolidated statements of income. Assets and Liabilities Recorded at Fair Value on a Recurring Basis The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis. Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2018 Level 1 Level 2 Level 3 Available for sale securities U.S. Government sponsored agencies $ 26,140 $ — $ 26,140 $ — Mortgage backed securities: Government sponsored agencies 80,309 — 80,309 — Nongovernment sponsored entities 614 — 614 — State and political subdivisions 19,243 — 19,243 — Corporate debt securities 14,512 — 14,512 — Asset-backed securities 25,175 — 25,175 — Tax-exempt state and political subdivisions 127,154 — 127,154 — Total available for sale securities $ 293,147 $ — $ 293,147 $ — Derivative financial assets Interest rate swaps $ 555 $ — $ 555 $ — Derivative financial liabilities Interest rate swaps $ 411 $ — $ 411 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2017 Level 1 Level 2 Level 3 Available for sale securities 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 — Tax-exempt state and political subdivisions 139,653 — 139,653 — Total available for sale securities $ 328,586 $ — $ 328,586 $ — Derivative financial assets Interest rate swaps $ 312 $ — $ 312 $ — Derivative financial liabilities Interest rate swaps $ 2,057 $ — $ 2,057 $ — Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis We may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with U.S. generally accepted accounting principles. These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. Assets measured at fair value on a nonrecurring basis are included in the tables below. Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2018 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 400 $ — $ 400 $ — Collateral-dependent impaired loans Commercial $ 2,660 $ — $ 2,611 $ 49 Commercial real estate 420 — 420 — Construction and development 759 — 759 — Residential real estate 763 — 763 — Total collateral-dependent impaired loans $ 4,602 $ — $ 4,553 $ 49 Property held for sale Commercial real estate $ 1,677 $ — $ 1,677 $ — Construction and development 16,363 — 16,363 — Residential real estate 403 — 403 — Total property held for sale $ 18,443 $ — $ 18,443 $ — 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: At December 31, 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 $ 59,540 $ 59,540 $ — $ 59,540 $ — Securities available for sale 293,147 293,147 — 293,147 — Other investments 16,635 16,635 — 16,635 — Loans held for sale, net 400 400 — 400 — Loans, net 1,682,005 1,666,834 — 4,553 1,662,281 Accrued interest receivable 8,708 8,708 — 8,708 — Derivative financial assets 555 555 — 555 — $ 2,060,990 $ 2,045,819 $ — $ 383,538 $ 1,662,281 Financial liabilities Deposits $ 1,634,826 $ 1,631,456 $ — $ 1,631,456 $ — Short-term borrowings 309,084 309,084 — 309,084 — Long-term borrowings 735 843 — 843 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 1,102 1,102 — 1,102 — Derivative financial liabilities 411 411 — 411 — $ 1,965,747 $ 1,962,485 $ — $ 1,962,485 $ — At 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 328,586 328,586 — 328,586 — Other investments 15,071 15,071 — 15,071 — 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 $ — |
Securities
Securities | 12 Months Ended |
Dec. 31, 2018 | |
Debt Securities, Available-for-sale [Abstract] | |
Securities | DEBT SECURITIES We classify debt securities as “held to maturity”, “available for sale” or “trading” according to management’s intent. The appropriate classification is determined at the time of purchase of each security and re-evaluated at each reporting date. Securities held to maturity: Certain debt securities for which we have the positive intent and ability to hold to maturity are reported at cost, adjusted for amortization of premiums and accretion of discounts. There are no securities classified as held to maturity in the accompanying financial statements. Securities available for sale: Securities not classified as "held to maturity" or as "trading" are classified as "available for sale." Securities classified as "available for sale" are those securities that we intend to hold for an indefinite period of time, but not necessarily to maturity. "Available for sale" securities are reported at estimated fair value net of unrealized gains or losses, which are adjusted for applicable income taxes and reported as a separate component of shareholders' equity. Trading securities: There are no securities classified as "trading" in the accompanying financial statements. Impairment assessment: Impairment exists when the fair value of a security is less than its cost. Cost includes adjustments made to the cost basis of a security for accretion, amortization and previous other-than-temporary impairments. We perform a quarterly assessment of the debt securities in our investment portfolio that have an unrealized loss to determine whether the decline in the fair value of these securities below their cost is other-than-temporary. This determination requires significant judgment. Impairment is considered other-than-temporary when it becomes probable that we will be unable to recover the cost of an investment. This assessment takes into consideration factors such as the length of time and the extent to which the market values have been less than cost, the financial condition and near term prospects of the issuer including events specific to the issuer or industry, defaults or deferrals of scheduled interest, principal or dividend payments, external credit ratings and recent downgrades and our intent and ability to hold the security for a period of time sufficient to allow for a recovery in fair value. If a decline in fair value is judged to be other than temporary, the cost basis of the individual security is written down to fair value which then becomes the new cost basis. The amount of the write down is included in other-than-temporary impairment of securities in the consolidated statements of income. The new cost basis is not adjusted for subsequent recoveries in fair value, if any. Realized gains and losses on sales of securities are recognized on the specific identification method. Amortization of premiums and accretion of discounts are computed using the interest method. The amortized cost, unrealized gains, unrealized losses and estimated fair values of securities at December 31, 2018 and 2017 , are summarized as follows: December 31, 2018 Amortized Unrealized Dollars in thousands Cost Gains Losses Fair Value Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 26,303 $ 203 $ 366 $ 26,140 Residential mortgage-backed securities: Government-sponsored agencies 80,883 603 1,177 80,309 Nongovernment-sponsored entities 611 4 1 614 State and political subdivisions General obligations 6,081 — 126 5,955 Other revenues 13,457 17 186 13,288 Corporate debt securities 14,807 9 304 14,512 Asset-backed securities 25,288 10 123 25,175 Total taxable debt securities 167,430 846 2,283 165,993 Tax-exempt debt securities State and political subdivisions General obligations 65,626 624 344 65,906 Water and sewer revenues 20,018 225 98 20,145 Lease revenues 10,980 135 7 11,108 Other revenues 30,197 77 279 29,995 Total tax-exempt debt securities 126,821 1,061 728 127,154 Total available for sale securities $ 294,251 $ 1,907 $ 3,011 $ 293,147 December 31, 2017 Amortized Unrealized 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 Total available for sale securities $ 324,771 $ 5,329 $ 1,514 $ 328,586 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. December 31, 2018 Amortized Unrealized Dollars in thousands Cost Gains Losses Fair Value California $ 17,858 $ 208 $ 86 $ 17,980 Michigan 15,685 121 137 15,669 Texas 15,473 147 47 15,573 West Virginia 13,171 89 66 13,194 Illinois 12,342 94 114 12,322 Management performs pre-purchase and ongoing analysis to confirm that all investment securities meet applicable credit quality standards. We principally use credit ratings from Nationally Recognized Statistical Rating Organizations (“NRSROs”) to support analyses of our portfolio of securities issued by state and political subdivisions, as we generally do not purchase securities that are rated below the six highest NRSRO rating categories. In addition to considering a security’s NRSRO rating, we also assess or confirm through an internal review of an issuer’s financial information and other applicable information that: 1) the issuer’s risk of default is low; 2) the characteristics of the issuer’s demographics and economic environment are satisfactory; and 3) the issuer’s budgetary position and stability of tax or other revenue sources are sound. The proceeds from sales, calls and maturities of available for sale securities, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized are as follows: Dollars in thousands Proceeds from Gross realized Calls and Principal Years ended December 31, Sales Maturities Payments Gains Losses 2018 $ 107,559 $ 1,145 $ 24,814 $ 1,785 $ 1,163 2017 152,882 2,700 31,902 685 699 2016 72,453 3,235 35,881 1,422 295 Residential mortgage-backed obligations having contractual maturities ranging from 1 to 50 years are included in the following maturity distribution schedules based on their anticipated average life to maturity, which ranges from 2 months to 34 years. Accordingly, discounts are accreted and premiums are amortized over the anticipated average life to maturity of the specific obligation. The maturities, amortized cost and estimated fair values of securities at December 31, 2018 , are summarized as follows: Dollars in thousands Amortized Cost Fair Value Due in one year or less $ 27,679 $ 27,635 Due from one to five years 57,718 57,519 Due from five to ten years 48,085 47,205 Due after ten years 160,769 160,788 Total $ 294,251 $ 293,147 At December 31, 2018 and 2017 , securities with estimated fair values of $58.6 million and $113.1 million respectively, were pledged to secure public deposits and for other purposes required or permitted by law. We held 134 available for sale securities having an unrealized loss at December 31, 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 December 31, 2018 and 2017 . 2018 Less than 12 months 12 months or more Total Dollars in thousands # of securities in loss position Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Temporarily impaired securities Taxable debt securities U.S. Government agencies and corporations 15 $ 12,185 $ 184 $ 7,464 $ 182 $ 19,649 $ 366 Residential mortgage-backed securities: Government-sponsored agencies 37 23,277 241 24,472 936 47,749 1,177 Nongovernment-sponsored entities 1 — — 436 1 436 1 State and political subdivisions: General obligations 8 — — 5,222 126 5,222 126 Other revenues 11 968 16 9,450 170 10,418 186 Corporate debt securities 7 2,759 109 4,587 195 7,346 304 Asset-backed securities 9 20,129 123 — — 20,129 123 Tax-exempt debt securities State and political subdivisions: General obligations 25 7,273 50 16,830 294 24,103 344 Water and sewer revenues 7 989 6 4,311 92 5,300 98 Lease revenues 2 553 — 557 7 1,110 7 Other revenues 12 7,309 62 11,531 217 18,840 279 Total temporarily impaired securities 134 75,442 791 84,860 2,220 160,302 3,011 2017 Less than 12 months 12 months or more Total Dollars in thousands # of securities in loss position Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Temporarily impaired securities Taxable debt securities U.S. Government agencies and corporations 9 $ 10,864 $ 91 $ 2,394 $ 54 $ 13,258 $ 145 Residential mortgage-backed securities: Government-sponsored agencies 35 32,156 269 22,584 634 54,740 903 Nongovernment-sponsored entities 1 5 — 810 7 815 7 State and political subdivisions: General obligations 9 6,035 55 — — 6,035 55 Other revenues 9 7,532 62 — — 7,532 62 Corporate debt securities 4 3,008 39 1,659 91 4,667 130 Tax-exempt debt securities State and political subdivisions: General obligations 12 2,999 20 9,937 178 12,936 198 Water and sewer revenues 1 282 3 — — 282 3 Lease revenues 1 569 2 — — 569 2 University revenues 1 1,749 9 — — 1,749 9 Total temporarily impaired securities 82 65,199 550 37,384 964 102,583 1,514 |
Other Investments Other Investm
Other Investments Other Investments | 12 Months Ended |
Dec. 31, 2018 | |
Investments, All Other Investments [Abstract] | |
Investments and Other Noncurrent Assets [Text Block] | OTHER INVESTMENTS Equity securities are carried at fair value, with changes in fair value reported in net income. Equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment. Our equity securities totaled $137,000 at December 31, 2018 and 2017. We are a member bank of the Federal Home Loan Bank ("FHLB") system. Members are required to own a certain amount of stock based on the level of borrowings from FHLB and other factors. FHLB stock is carried at cost and periodically evaluated for impairment based on ultimate recovery of par value. Dividends are reported as income as earned. This stock totaled $13.1 million and $11.00 million at December 31, 2018 and 2017 . We have invested in two limited partnerships which own interests in diversified portfolios of qualified affordable housing projects. Also, we have purchased substantially all the interest in a limited liability company owning a qualified rehabilitated multi-family housing project. As result of these investments, Summit is allocated its proportional share of each investees’ operating losses and Federal Low-Income Housing and Rehabilitation Tax Credits. We use the proportional amortization method to account for each of these investments, whereby the cost of the investment is amortized in proportion to the amount of tax credits and other tax benefits received, and the net investment performance is recognized in the consolidated statement of income as a component of the provision for current income taxes. As of December 31, 2018 and 2017, our carrying value of these investments totaled $3.35 million and $3.89 million , respectively. For the years ended December 31, 2018 , 2017 and 2016, we recognized $1,544,000 , $927,000 and $269,000 in tax credits and other tax benefits, against which we amortized these investments $1.27 million , $680,000 and $214,000 . |
Loans
Loans | 12 Months Ended |
Dec. 31, 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 $ 254 $ 51 $ 483 $ 788 $ 193,527 $ — Commercial real estate Owner-occupied — — 612 612 265,750 — Non-owner occupied 156 255 1,756 2,167 562,659 — Construction and development Land and land development 190 4 3,174 3,368 65,465 — Construction — — — — 24,731 — Residential mortgage Non-jumbo 4,120 2,235 3,753 10,108 326,869 — Jumbo — — 675 675 72,924 — Home equity 754 261 181 1,196 79,714 — Mortgage warehouse lines — — — — 39,140 — Consumer 502 121 125 748 31,712 36 Other 31 — — 31 12,868 — Total $ 6,007 $ 2,927 $ 10,759 $ 19,693 $ 1,675,359 $ 36 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 December 31, 2018 and 2017 . Dollars in thousands 2018 2017 Commercial $ 935 $ 696 Commercial real estate Owner-occupied 1,028 726 Non-owner occupied 2,210 2,201 Construction and development Land & land development 3,198 3,569 Construction — — Residential mortgage Non-jumbo 6,532 6,944 Jumbo 675 — Home equity 299 712 Mortgage warehouse lines — — Consumer 112 201 Total $ 14,989 $ 15,049 Impaired loans: Impaired loans include the following: ▪ Loans which we risk-rate (consisting of loan relationships having aggregate balances in excess of $2.5 million , or loans exceeding $500,000 and exhibiting credit weakness) through our normal loan review procedures and which, based on current information and events, it is probable that we will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement. Risk-rated loans with insignificant delays or insignificant short falls in the amount of payments expected to be collected are not considered to be impaired. ▪ Loans that have been modified in a troubled debt restructuring. Both commercial and consumer loans are deemed impaired upon being contractually modified in a troubled debt restructuring. Troubled debt restructurings typically result from our loss mitigation activities and occur when we grant a concession to a borrower who is experiencing financial difficulty in order to minimize our economic loss and to avoid foreclosure or repossession of collateral. Once restructured, a loan is generally considered impaired until its maturity, regardless of whether the borrower performs under the modified terms. Although such a loan may be returned to accrual status if the criteria set forth in our accounting policy are met, the loan would continue to be evaluated for an asset-specific allowance for loan losses and we would continue to report the loan in the impaired loan table below. The following tables present loans individually evaluated for impairment at December 31, 2018 and 2017 . December 31, 2018 Dollars in thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Impaired Balance Interest Income Recognized while impaired Without a related allowance Commercial $ 1,019 $ 1,253 $ — $ 321 $ 16 Commercial real estate Owner-occupied 8,600 8,605 — 7,730 318 Non-owner occupied 9,666 9,673 — 9,753 493 Construction and development Land & land development 4,767 4,767 — 4,947 102 Construction — — — — — Residential real estate Non-jumbo 3,279 3,284 — 3,401 180 Jumbo 4,132 4,130 — 3,517 166 Home equity 523 523 — 523 30 Mortgage warehouse lines — — — — — Consumer 9 10 — 13 1 Total without a related allowance $ 31,995 $ 32,245 $ — $ 30,205 $ 1,306 With a related allowance Commercial $ 3,343 $ 3,342 $ 682 $ 705 $ 39 Commercial real estate Owner-occupied 2,969 2,969 462 2,397 117 Non-owner occupied 189 191 9 226 16 Construction and development Land & land development 1,057 1,057 298 1,073 56 Construction — — — — — Residential real estate Non-jumbo 2,982 2,981 585 2,539 98 Jumbo 821 822 106 827 48 Home equity — — — — — Mortgage warehouse lines — — — — — Consumer — — — — — Total with a related allowance $ 11,361 $ 11,362 $ 2,142 $ 7,767 $ 374 Total Commercial $ 31,610 $ 31,857 $ 1,451 $ 27,152 $ 1,157 Residential real estate 11,737 11,740 691 10,807 522 Consumer 9 10 — 13 1 Total $ 43,356 $ 43,607 $ 2,142 $ 37,972 $ 1,680 The above table 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 above table does not include PCI loans. The average recorded investment of impaired loans during 2016 was $37.9 million and $1.3 million interest income was recognized on those loans while impaired. A modification of a loan is considered a troubled debt restructuring (“TDR”) when a borrower is experiencing financial difficulty and the modification constitutes a concession that we would not otherwise consider. This may include a transfer of real estate or other assets from the borrower, a modification of loan terms, or a combination of both. A loan continues to be classified as a TDR for the life of the loan. Included in impaired loans are TDRs of $27 million , of which $26.6 million were current with respect to restructured contractual payments at December 31, 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 table presents by class the TDRs that were restructured during 2018 and 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. 2018 2017 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 2 183 183 2 489 489 Construction and development Land & land development — — — 1 438 438 Residential real estate Non-jumbo 8 899 899 4 642 642 Total 12 $ 1,239 $ 1,239 8 $ 3,871 $ 3,871 The following table presents defaults during the stated period of TDRs that were restructured during the past twelve months. For purposes of these tables, a default is considered as either the loan was past due 30 days or more at any time during the period, or the loan was fully or partially charged off during the period. 2018 2017 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 Owner-occupied — — 1 2,291 Construction and development Land & land development — — 1 437 Residential real estate Non-jumbo 7 847 3 767 Total 9 $ 1,004 5 $ 3,495 The following table details the activity regarding TDRs by loan type during 2018 and the related allowance on TDRs. 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 — 183 899 — — — — — 1,239 Charge-offs — — — — — (55 ) — — — — — (55 ) Net (paydowns) advances (389 ) — (296 ) (180 ) (13 ) (1,549 ) (115 ) — — (8 ) — (2,550 ) Transfer into foreclosed properties — — — — — — — — — — — — Refinance out of TDR status — — — — — — — — — — — — Balance, December 31, 2018 $ 2,654 $ — $ 273 $ 9,365 $ 5,404 $ 4,490 $ 4,278 $ 523 $ — $ 10 $ — $ 26,997 Allowance related to troubled debt restructurings $ 298 $ — $ 9 $ 270 $ 8 $ 189 $ 105 $ — $ — $ — $ — $ 879 We categorize loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. We analyze loans individually by classifying the loans as to credit risk. We internally grade all commercial loans at the time of loan origination. In addition, we perform an annual loan review on all non-homogenous commercial loan relationships with an aggregate exposure of $2.5 million , at which time these loans are re-graded. We use the following definitions for our risk grades: Pass: Loans graded as Pass are loans to borrowers of acceptable credit quality and risk. They are higher quality loans that do not fit any of the other categories described below. OLEM (Special Mention): Commercial loans categorized as OLEM are potentially weak. The credit risk may be relatively minor yet represent a risk given certain specific circumstances. If the potential weaknesses are not monitored or mitigated, the asset may weaken or inadequately protect our position in the future. Substandard: Commercial loans categorized as Substandard are inadequately protected by the borrower’s ability to repay, equity and/or the collateral pledged to secure the loan. These loans have identified weaknesses that could hinder normal repayment or collection of the debt. These loans are characterized by the distinct possibility that we will sustain some loss if the identified weaknesses are not mitigated. Doubtful: Commercial loans categorized as Doubtful have all the weaknesses inherent in those loans classified as Substandard, with the added elements that the full collection of the loan is improbable and the possibility of loss is high. Loss: Loans classified as loss are considered to be non-collectible and of such little value that their continuance as a bankable asset is not warranted. This does not mean that the loan has absolutely no recovery value, but rather it is neither practical nor desirable to defer writing off the loan, even though partial recovery may be obtained in the future. 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 defined above. 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 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 Pass $ 63,743 $ 60,850 $ 24,589 $ 33,412 $ 182,651 $ 186,941 $ 259,360 $ 242,702 $ 556,609 $ 474,522 $ 39,140 $ 30,757 OLEM (Special Mention) 472 1,397 142 — 6,748 2,267 1,864 3,534 1,554 2,221 — — Substandard 4,618 4,972 — — 4,916 773 5,138 3,966 6,663 8,159 — — Doubtful — — — — — — — — — — — — Loss — — — — — — — — — — — — Total $ 68,833 $ 67,219 $ 24,731 $ 33,412 $ 194,315 $ 189,981 $ 266,362 $ 250,202 $ 564,826 $ 484,902 $ 39,140 $ 30,757 The following table presents the recorded investment in consumer, residential real estate and home equity loans, which are generally evaluated based on the aging status of the loans, which was previously presented, and payment activity. Performing Nonperforming Dollars in thousands 2018 2017 2018 2017 Residential real estate Non-jumbo $ 330,445 $ 347,183 $ 6,532 $ 6,918 Jumbo 72,924 62,267 675 — Home Equity 80,611 83,316 299 712 Consumer 32,312 35,932 148 270 Other 12,899 13,238 — — Total $ 529,191 $ 541,936 $ 7,654 $ 7,900 Industry concentrations: At December 31, 2018 and 2017 , we had no concentrations of loans to any single industry in excess of 10% of total loans. Loans to related parties : We have had, and may be expected to have in the future, banking transactions in the ordinary course of business with our directors, principal officers, their immediate families and affiliated companies in which they are principal shareholders (commonly referred to as related parties). These transactions have been, in our opinion, on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with others. The following presents the activity with respect to related party loans aggregating $60,000 or more to any one related party (other changes represent additions to and changes in director and executive officer status): Dollars in thousands 2018 2017 Balance, beginning $ 45,698 $ 45,164 Additions 6,750 13,497 Amounts collected (6,992 ) (11,802 ) Other changes, net (1,557 ) (1,161 ) Balance, ending $ 43,899 $ 45,698" id="sjs-B4">LOANS Loans are generally stated at the amount of unpaid principal, reduced by unearned discount and allowance for loan losses. Interest on loans is accrued daily on the outstanding balances. Loan origination fees and certain direct loan origination costs are deferred and amortized as adjustments of the related loan yield over its contractual life. We categorize residential real estate loans in excess of $ 600,000 as jumbo loans. Generally, loans are placed on nonaccrual status when principal or interest is greater than 90 days past due based upon the loan's contractual terms. Interest is accrued daily on impaired loans unless the loan is placed on nonaccrual status. Impaired loans are placed on nonaccrual status when the payments of principal and interest are in default for a period of 90 days, unless the loan is both well-secured and in the process of collection. Interest on nonaccrual loans is recognized primarily using the cost-recovery method. Loans may be returned to accrual status when repayment is reasonably assured and there has been demonstrated performance under the terms of the loan or, if applicable, the terms of the restructured loans. Commercial-related loans or portions thereof are charged off to the allowance for loan losses when the loss has been confirmed. This determination is made on a case by case basis considering many factors, including the prioritization of our claim in bankruptcy, expectations of the workout/restructuring of the loan and valuation of the borrower’s equity. We deem a loss confirmed when a loan or a portion of a loan is classified “loss” in accordance with bank regulatory classification guidelines, which state, “Assets classified loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted”. Consumer-related loans are generally charged to the allowance for loan losses upon reaching specified stages of delinquency, in accordance with the Federal Financial Institutions Examination Council policy. For example, credit card loans are charged off by the end of the month in which the account becomes 180 days past due or within 60 days from receiving notification about a specified event (e.g., bankruptcy of the borrower), whichever is earlier. Residential mortgage loans are generally charged off to net realizable value no later than when the account becomes 180 days past due. Other consumer loans, if collateralized, are generally charged off to net realizable value at 120 days past due. Loans are summarized as follows: Dollars in thousands 2018 2017 Commercial $ 194,315 $ 189,981 Commercial real estate Owner-occupied 266,362 250,202 Non-owner occupied 564,826 484,902 Construction and development Land and land development 68,833 67,219 Construction 24,731 33,412 Residential real estate Non-jumbo 336,977 354,101 Jumbo 73,599 62,267 Home equity 80,910 84,028 Mortgage warehouse lines 39,140 30,757 Consumer 32,460 36,202 Other 12,899 13,238 Total loans, net of unearned fees 1,695,052 1,606,309 Less allowance for loan losses 13,047 12,565 Loans, net $ 1,682,005 $ 1,593,744 The outstanding balance and the recorded investment of acquired loans included in the consolidated balance sheet at December 31, 2018 and 2017 are as follows: Acquired Loans 2018 2017 Dollars in thousands Purchased Credit Impaired Purchased Performing Total Purchased Credit Impaired Purchased Performing Total Outstanding balance $ 4,275 $ 138,167 $ 142,442 $ 5,923 $ 220,131 $ 226,054 Recorded investment Commercial $ — $ 3,934 $ 3,934 $ 9 $ 25,125 $ 25,134 Commercial real estate Owner-occupied — 16,133 16,133 689 21,893 22,582 Non-owner occupied 1,162 23,431 24,593 1,837 33,293 35,130 Construction and development Land and land development — 5,161 5,161 — 7,512 7,512 Construction — — — — 2,760 2,760 Residential real estate Non-jumbo 1,374 77,894 79,268 1,485 109,570 111,055 Jumbo 975 2,577 3,552 999 3,400 4,399 Home equity — 2,805 2,805 — 3,311 3,311 Consumer — 4,630 4,630 — 11,229 11,229 Other — 122 122 — 211 211 Total recorded investment $ 3,511 $ 136,687 $ 140,198 $ 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 during 2018 and 2017: Dollars in thousands 2018 2017 Accretable yield, January 1 $ 745 $ 290 Additions for First Century Bankshares, Inc. acquisition — 661 Accretion (115 ) (162 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — (31 ) Other changes, net 2 (13 ) Accretable yield, December 31 $ 632 $ 745 The following presents loan maturities at December 31, 2018 : Within After 1 but After Dollars in thousands 1 Year within 5 Years 5 Years Commercial $ 96,076 $ 63,124 $ 35,115 Commercial real estate 37,675 113,790 679,723 Construction and development 29,718 23,207 40,639 Residential real estate 22,176 50,982 418,328 Mortgage warehouse lines 39,140 — — Consumer 5,181 23,172 4,107 Other 1,229 2,302 9,368 $ 231,195 $ 276,577 $ 1,187,280 Loans due after one year with: Variable rates $ 546,499 Fixed rates 917,358 $ 1,463,857 The following table presents the contractual aging of the recorded investment in past due loans by class as of December 31, 2018 and 2017 . At December 31, 2018 Past Due > 90 days and Accruing Dollars in thousands 30-59 days 60-89 days > 90 days Total Current Commercial $ 254 $ 51 $ 483 $ 788 $ 193,527 $ — Commercial real estate Owner-occupied — — 612 612 265,750 — Non-owner occupied 156 255 1,756 2,167 562,659 — Construction and development Land and land development 190 4 3,174 3,368 65,465 — Construction — — — — 24,731 — Residential mortgage Non-jumbo 4,120 2,235 3,753 10,108 326,869 — Jumbo — — 675 675 72,924 — Home equity 754 261 181 1,196 79,714 — Mortgage warehouse lines — — — — 39,140 — Consumer 502 121 125 748 31,712 36 Other 31 — — 31 12,868 — Total $ 6,007 $ 2,927 $ 10,759 $ 19,693 $ 1,675,359 $ 36 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 December 31, 2018 and 2017 . Dollars in thousands 2018 2017 Commercial $ 935 $ 696 Commercial real estate Owner-occupied 1,028 726 Non-owner occupied 2,210 2,201 Construction and development Land & land development 3,198 3,569 Construction — — Residential mortgage Non-jumbo 6,532 6,944 Jumbo 675 — Home equity 299 712 Mortgage warehouse lines — — Consumer 112 201 Total $ 14,989 $ 15,049 Impaired loans: Impaired loans include the following: ▪ Loans which we risk-rate (consisting of loan relationships having aggregate balances in excess of $2.5 million , or loans exceeding $500,000 and exhibiting credit weakness) through our normal loan review procedures and which, based on current information and events, it is probable that we will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement. Risk-rated loans with insignificant delays or insignificant short falls in the amount of payments expected to be collected are not considered to be impaired. ▪ Loans that have been modified in a troubled debt restructuring. Both commercial and consumer loans are deemed impaired upon being contractually modified in a troubled debt restructuring. Troubled debt restructurings typically result from our loss mitigation activities and occur when we grant a concession to a borrower who is experiencing financial difficulty in order to minimize our economic loss and to avoid foreclosure or repossession of collateral. Once restructured, a loan is generally considered impaired until its maturity, regardless of whether the borrower performs under the modified terms. Although such a loan may be returned to accrual status if the criteria set forth in our accounting policy are met, the loan would continue to be evaluated for an asset-specific allowance for loan losses and we would continue to report the loan in the impaired loan table below. The following tables present loans individually evaluated for impairment at December 31, 2018 and 2017 . December 31, 2018 Dollars in thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Impaired Balance Interest Income Recognized while impaired Without a related allowance Commercial $ 1,019 $ 1,253 $ — $ 321 $ 16 Commercial real estate Owner-occupied 8,600 8,605 — 7,730 318 Non-owner occupied 9,666 9,673 — 9,753 493 Construction and development Land & land development 4,767 4,767 — 4,947 102 Construction — — — — — Residential real estate Non-jumbo 3,279 3,284 — 3,401 180 Jumbo 4,132 4,130 — 3,517 166 Home equity 523 523 — 523 30 Mortgage warehouse lines — — — — — Consumer 9 10 — 13 1 Total without a related allowance $ 31,995 $ 32,245 $ — $ 30,205 $ 1,306 With a related allowance Commercial $ 3,343 $ 3,342 $ 682 $ 705 $ 39 Commercial real estate Owner-occupied 2,969 2,969 462 2,397 117 Non-owner occupied 189 191 9 226 16 Construction and development Land & land development 1,057 1,057 298 1,073 56 Construction — — — — — Residential real estate Non-jumbo 2,982 2,981 585 2,539 98 Jumbo 821 822 106 827 48 Home equity — — — — — Mortgage warehouse lines — — — — — Consumer — — — — — Total with a related allowance $ 11,361 $ 11,362 $ 2,142 $ 7,767 $ 374 Total Commercial $ 31,610 $ 31,857 $ 1,451 $ 27,152 $ 1,157 Residential real estate 11,737 11,740 691 10,807 522 Consumer 9 10 — 13 1 Total $ 43,356 $ 43,607 $ 2,142 $ 37,972 $ 1,680 The above table 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 above table does not include PCI loans. The average recorded investment of impaired loans during 2016 was $37.9 million and $1.3 million interest income was recognized on those loans while impaired. A modification of a loan is considered a troubled debt restructuring (“TDR”) when a borrower is experiencing financial difficulty and the modification constitutes a concession that we would not otherwise consider. This may include a transfer of real estate or other assets from the borrower, a modification of loan terms, or a combination of both. A loan continues to be classified as a TDR for the life of the loan. Included in impaired loans are TDRs of $27 million , of which $26.6 million were current with respect to restructured contractual payments at December 31, 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 table presents by class the TDRs that were restructured during 2018 and 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. 2018 2017 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 2 183 183 2 489 489 Construction and development Land & land development — — — 1 438 438 Residential real estate Non-jumbo 8 899 899 4 642 642 Total 12 $ 1,239 $ 1,239 8 $ 3,871 $ 3,871 The following table presents defaults during the stated period of TDRs that were restructured during the past twelve months. For purposes of these tables, a default is considered as either the loan was past due 30 days or more at any time during the period, or the loan was fully or partially charged off during the period. 2018 2017 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 Owner-occupied — — 1 2,291 Construction and development Land & land development — — 1 437 Residential real estate Non-jumbo 7 847 3 767 Total 9 $ 1,004 5 $ 3,495 The following table details the activity regarding TDRs by loan type during 2018 and the related allowance on TDRs. 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 — 183 899 — — — — — 1,239 Charge-offs — — — — — (55 ) — — — — — (55 ) Net (paydowns) advances (389 ) — (296 ) (180 ) (13 ) (1,549 ) (115 ) — — (8 ) — (2,550 ) Transfer into foreclosed properties — — — — — — — — — — — — Refinance out of TDR status — — — — — — — — — — — — Balance, December 31, 2018 $ 2,654 $ — $ 273 $ 9,365 $ 5,404 $ 4,490 $ 4,278 $ 523 $ — $ 10 $ — $ 26,997 Allowance related to troubled debt restructurings $ 298 $ — $ 9 $ 270 $ 8 $ 189 $ 105 $ — $ — $ — $ — $ 879 We categorize loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. We analyze loans individually by classifying the loans as to credit risk. We internally grade all commercial loans at the time of loan origination. In addition, we perform an annual loan review on all non-homogenous commercial loan relationships with an aggregate exposure of $2.5 million , at which time these loans are re-graded. We use the following definitions for our risk grades: Pass: Loans graded as Pass are loans to borrowers of acceptable credit quality and risk. They are higher quality loans that do not fit any of the other categories described below. OLEM (Special Mention): Commercial loans categorized as OLEM are potentially weak. The credit risk may be relatively minor yet represent a risk given certain specific circumstances. If the potential weaknesses are not monitored or mitigated, the asset may weaken or inadequately protect our position in the future. Substandard: Commercial loans categorized as Substandard are inadequately protected by the borrower’s ability to repay, equity and/or the collateral pledged to secure the loan. These loans have identified weaknesses that could hinder normal repayment or collection of the debt. These loans are characterized by the distinct possibility that we will sustain some loss if the identified weaknesses are not mitigated. Doubtful: Commercial loans categorized as Doubtful have all the weaknesses inherent in those loans classified as Substandard, with the added elements that the full collection of the loan is improbable and the possibility of loss is high. Loss: Loans classified as loss are considered to be non-collectible and of such little value that their continuance as a bankable asset is not warranted. This does not mean that the loan has absolutely no recovery value, but rather it is neither practical nor desirable to defer writing off the loan, even though partial recovery may be obtained in the future. 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 defined above. 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 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 Pass $ 63,743 $ 60,850 $ 24,589 $ 33,412 $ 182,651 $ 186,941 $ 259,360 $ 242,702 $ 556,609 $ 474,522 $ 39,140 $ 30,757 OLEM (Special Mention) 472 1,397 142 — 6,748 2,267 1,864 3,534 1,554 2,221 — — Substandard 4,618 4,972 — — 4,916 773 5,138 3,966 6,663 8,159 — — Doubtful — — — — — — — — — — — — Loss — — — — — — — — — — — — Total $ 68,833 $ 67,219 $ 24,731 $ 33,412 $ 194,315 $ 189,981 $ 266,362 $ 250,202 $ 564,826 $ 484,902 $ 39,140 $ 30,757 The following table presents the recorded investment in consumer, residential real estate and home equity loans, which are generally evaluated based on the aging status of the loans, which was previously presented, and payment activity. Performing Nonperforming Dollars in thousands 2018 2017 2018 2017 Residential real estate Non-jumbo $ 330,445 $ 347,183 $ 6,532 $ 6,918 Jumbo 72,924 62,267 675 — Home Equity 80,611 83,316 299 712 Consumer 32,312 35,932 148 270 Other 12,899 13,238 — — Total $ 529,191 $ 541,936 $ 7,654 $ 7,900 Industry concentrations: At December 31, 2018 and 2017 , we had no concentrations of loans to any single industry in excess of 10% of total loans. Loans to related parties : We have had, and may be expected to have in the future, banking transactions in the ordinary course of business with our directors, principal officers, their immediate families and affiliated companies in which they are principal shareholders (commonly referred to as related parties). These transactions have been, in our opinion, on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with others. The following presents the activity with respect to related party loans aggregating $60,000 or more to any one related party (other changes represent additions to and changes in director and executive officer status): Dollars in thousands 2018 2017 Balance, beginning $ 45,698 $ 45,164 Additions 6,750 13,497 Amounts collected (6,992 ) (11,802 ) Other changes, net (1,557 ) (1,161 ) Balance, ending $ 43,899 $ 45,698 |
Allowance For Loan Losses
Allowance For Loan Losses | 12 Months Ended |
Dec. 31, 2018 | |
Allowance for Loan and Lease Losses Write-offs, Net [Abstract] | |
Allowance for Loan Losses | ALLOWANCE FOR LOAN LOSSES The allowance for loan losses is maintained at a level considered adequate to provide for our estimate of probable credit losses inherent in the loan portfolio. The allowance is increased by provisions charged to operating expense and reduced by net charge-offs. Loans are charged against the allowance for loan losses when we believe that collectability is unlikely. While we use the best information available to make our evaluation, future adjustments may be necessary if there are significant changes in conditions. The allowance is comprised of three distinct components: (1) specific allowances related to loans individually evaluated, (2) quantitative allowances related to loans collectively evaluated and (3) qualitative allowances related to loans collectively evaluated. A summary of the methodology we employ on a quarterly basis with respect to each of these components in order to evaluate the overall adequacy of our allowance for loan losses is as follows. Specific Allowance for Loans Individually Evaluated First, we identify loan relationships having aggregate balances in excess of $500,000 and that may also have credit weaknesses. Such loan relationships are identified primarily through our analysis of internal loan evaluations, past due loan reports and loans adversely classified internally or by regulatory authorities. Each loan so identified is then individually evaluated to determine whether it is impaired – that is, based on current information and events, it is probable that we will be unable to collect all amounts due in accordance with the contractual terms of the underlying loan agreement. Substantially all of our impaired loans historically have been collateral dependent, meaning repayment of the loan is expected or is considered to be provided solely from the sale of the loan’s underlying collateral. For such loans, we measure impairment based on the fair value of the loan’s collateral, which is generally determined utilizing current appraisals. A specific allowance is established in an amount equal to the excess, if any, of the recorded investment in each impaired loan over the fair value of its underlying collateral, less estimated costs to sell. Our policy is to re-evaluate the fair value of collateral dependent loans at least every twelve months unless there is a known deterioration in the collateral’s value, in which case a new appraisal is obtained. PCI loans are individually evaluated. The evaluation of the PCI loans requires continued quarterly assessment of key assumptions and estimates similar to the initial fair value estimate, including changes in the severity of loss, timing and speed of payments, collateral value changes, expected cash flows and other relevant factors. The quarterly assessment is compared to the initial fair value estimate and a determination is made if an adjustment to the allowance for loan loss is deemed necessary. Quantitative Allowance for Loans Collectively Evaluated Second, we stratify the loan portfolio into eleven loan pools. Quantitative allowances relative to each loan pool are established as follows: for all loan segments an allocation equaling 100% of the respective pool’s average 12 month historical net loan charge-off rate (determined based upon the most recent twelve quarters) is applied to the aggregate recorded investment in the pool of loans. We believe that a twelve month historical loss rate is most indicative of the losses that can be expected. Purchased performing loans are collectively evaluated as their own separate category within each loan pool. The allowance on each pool is compared to the estimated fair value credit discount to determine if this discount remains adequate. If any credit discount is not adequate, additional allowances will be recognized. Qualitative Allowance for Loans Collectively Evaluated Third, we consider the necessity to adjust our average historical net loan charge-off rates relative to each of the above eleven loan pools for potential risks factors that could result in actual losses deviating from prior loss experience. For example, if we observe a significant increase in delinquencies within the conventional mortgage loan pool above historical trends, an additional allocation to the average historical loan charge-off rate is applied. Such qualitative risk factors considered are: (1) levels of and trends in delinquencies and impaired loans, (2) levels of and trends in charge-offs and recoveries, (3) trends in volume and term of loans, (4) effects of any changes in risk selection and underwriting standards and other changes in lending policies, procedures and practice, (5) experience, ability and depth of lending management and other relevant staff, (6) national and local economic trends and conditions, (7) industry conditions and (8) effects of changes in credit concentrations. An analysis of the allowance for loan losses for the years ended December 31, 2018 , 2017 and 2016 is as follows: Dollars in thousands 2018 2017 2016 Balance, beginning of year $ 12,565 $ 11,674 $ 11,472 Losses: Commercial 248 23 489 Commercial real estate Owner occupied 38 5 179 Non-owner occupied 619 65 124 Construction and development Land and land development 259 3 127 Construction — 33 9 Residential real estate Non-jumbo 887 359 169 Jumbo — 2 — Home equity 26 158 175 Mortgage warehouse lines — — — Consumer 244 389 98 Other 282 251 185 Total 2,603 1,288 1,555 Recoveries: Commercial 16 124 73 Commercial real estate Owner occupied 23 89 31 Non-owner occupied — 91 17 Construction and development Land and land development 270 278 840 Construction — — — Real estate - mortgage Non-jumbo 228 134 136 Jumbo 25 — 6 Home equity 10 30 3 Mortgage warehouse lines — — — Consumer 141 82 76 Other 122 101 75 Total 835 929 1,257 Net losses 1,768 359 298 Provision for loan losses 2,250 1,250 500 Balance, end of year $ 13,047 $ 12,565 $ 11,674 The following tables present the activity in the allowance for loan losses, balance in allowance for loan losses and recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2018 and 2017. For the Year Ended December 31, 2018 At December 31, 2018 At December 31, 2018 Allowance for loan losses Allowance related to: Loans Dollars in thousands 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 collectively evaluated for impairment Loans Total Commercial $ 1,303 $ (248 ) $ 16 $ 634 $ 1,705 $ 682 $ 1,023 $ — $ 1,705 $ 4,362 $ 189,953 $ — $ 194,315 Commercial real estate Owner occupied 2,424 (38 ) 23 (195 ) 2,214 462 1,752 — 2,214 11,569 254,793 — 266,362 Non-owner occupied 4,950 (619 ) — 1,411 5,742 9 5,729 4 5,742 9,855 553,809 1,162 564,826 Construction and development Land and land development 641 (259 ) 270 (313 ) 339 298 41 — 339 5,824 63,009 — 68,833 Construction 153 — — (89 ) 64 — 64 — 64 — 24,731 — 24,731 Residential real estate Non-jumbo 1,911 (887 ) 228 838 2,090 585 1,495 10 2,090 6,261 329,342 1,374 336,977 Jumbo 72 — 25 282 379 106 273 — 379 4,953 67,671 975 73,599 Home equity 638 (26 ) 10 (455 ) 167 — 167 — 167 523 80,387 — 80,910 Mortgage warehouse lines — — — — — — — — — — 39,140 — 39,140 Consumer 210 (244 ) 141 (28 ) 79 — 79 — 79 9 32,451 — 32,460 Other 263 (282 ) 122 165 268 — 268 — 268 — 12,899 — 12,899 Total $ 12,565 $ (2,603 ) $ 835 $ 2,250 $ 13,047 $ 2,142 $ 10,891 $ 14 $ 13,047 $ 43,356 $ 1,648,185 $ 3,511 $ 1,695,052 For the Year Ended December 31, 2017 At December 31, 2017 At December 31, 2017 Allowance for loan losses Allowance related to: Loans Dollars in thousands 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 collectively evaluated for impairment Loans acquired with deteriora- ted credit quality (PCI) 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 |
Property Held For Sale
Property Held For Sale | 12 Months Ended |
Dec. 31, 2018 | |
Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract] | |
Property Held For Sale | PROPERTY HELD FOR SALE Property held for sale consists of premises held for sale and real estate acquired through foreclosure on loans secured by such real estate. Qualifying premises are transferred to property held for sale at estimated fair value less anticipated selling costs, establishing a new cost basis. Foreclosed properties are recorded at the lower of the investment in the real estate or estimated fair value less anticipated selling costs based upon the property’s appraised value at the date of foreclosure, with any difference between the fair value of foreclosed property and the carrying value of the related loan charged to the allowance for loan losses. We perform periodic valuations of property held for sale subsequent to transfer. Changes in value subsequent to transfer are recorded in noninterest expense. Gains or losses resulting from the sale of property held for sale is recognized on the date of sale and is included in noninterest expense. Depreciation is not recorded on property held for sale. Expenses incurred in connection with operating foreclosed properties are charged to noninterest expense. The following table presents the activity of property held for sale during 2018 , 2017 and 2016 . Dollars in thousands 2018 2017 2016 Beginning balance $ 21,470 $ 24,504 $ 25,567 Acquisitions 1,804 363 2,356 Acquisition of HCB — — 23 Acquisition of FCB — 2,377 — Capitalized improvements 1,304 316 463 Dispositions (2,370 ) (5,205 ) (3,237 ) Valuation adjustments (776 ) (885 ) (668 ) Balance at year end $ 21,432 $ 21,470 $ 24,504 At December 31, 2018, our foreclosed properties of consumer residential real estate totaled $1.6 million . |
Premises And Equipment
Premises And Equipment | 12 Months Ended |
Dec. 31, 2018 | |
Property, Plant and Equipment [Abstract] | |
Premises and Equipment | PREMISES AND EQUIPMENT Land is carried at cost, while premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed primarily by the straight-line method for premises and equipment over the estimated useful lives of the assets. The estimated useful lives employed are on average 30 years for premises and 3 to 10 years for furniture and equipment. Repairs and maintenance expenditures are charged to operating expenses as incurred. Major improvements and additions to premises and equipment, including construction period interest costs, are capitalized. No interest was capitalized during 2018 , 2017 , or 2016 . The major categories of premises and equipment and accumulated depreciation at December 31, 2018 and 2017 are summarized as follows: Dollars in thousands 2018 2017 Land $ 10,415 $ 10,061 Buildings and improvements 32,283 29,620 Furniture and equipment 19,783 17,842 62,481 57,523 Less accumulated depreciation 24,928 23,314 Total premises and equipment, net $ 37,553 $ 34,209 Depreciation expense for the years ended December 31, 2018 , 2017 and 2016 approximated $2.17 million , $1.89 million and $1.22 million , respectively. |
Goodwill And Other Intangible A
Goodwill And Other Intangible Assets | 12 Months Ended |
Dec. 31, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill and certain other intangible assets with indefinite useful lives are not amortized into net income over an estimated life, but rather are tested at least annually for impairment. Intangible assets determined to have definite useful lives are amortized over their estimated useful lives and also are subject to impairment testing. Effective July 1, 2017, we early adopted ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment which simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Instead, under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The adoption of ASU 2017-04 had no impact on our consolidated financial statements. 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 table presents our goodwill activity by reporting unit for 2018. 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, December 31, 2018 $ 10,562 $ 4,710 $ 15,272 In addition, at December 31, 2018 and December 31, 2017 , we had $10.57 million and $12.24 million in unamortized identified intangible assets comprised of $9.80 million core deposit intangible and $700,000 customer intangible at December 31, 2018 and $11.27 million core deposit intangible and $900,000 customer intangible at December 31, 2017 . Other Intangible Assets December 31, 2018 December 31, 2017 Dollars in thousands Community Banking Insurance Services Total Community Banking Insurances Services Total Identified intangible assets Gross carrying amount $ 12,598 $ 3,000 $ 15,598 $ 12,598 $ 3,000 $ 15,598 Less: accumulated amortization 2,728 2,300 5,028 1,257 2,100 3,357 Net carrying amount $ 9,870 $ 700 $ 10,570 $ 11,341 $ 900 $ 12,241 Amortization relative to our identified intangible assets is as follows: Core Deposit Customer Dollars in thousands Intangible Intangible Actual: 2016 $ 47 $ 200 2017 1,210 200 2018 1,471 200 Expected: 2019 1,368 200 2020 1,265 200 2021 1,162 200 2022 1,060 100 2023 957 — |
Deposits
Deposits | 12 Months Ended |
Dec. 31, 2018 | |
Deposits [Abstract] | |
Deposits | DEPOSITS The following is a summary of interest bearing deposits by type as of December 31, 2018 and 2017 : Dollars in thousands 2018 2017 Demand deposits, interest bearing $ 523,257 $ 410,606 Savings deposits 284,173 358,168 Time deposits 605,276 614,334 Total $ 1,412,706 $ 1,383,108 Included in time deposits are deposits acquired through a third party (“brokered deposits”) totaling $220.5 million and $216.9 million at December 31, 2018 and 2017 , respectively. A summary of the scheduled maturities for all time deposits as of December 31, 2018 is as follows: Dollars in thousands Amount 2019 $ 249,585 2020 175,665 2021 81,778 2022 34,397 2023 16,266 Thereafter 47,585 Total $ 605,276 Time certificates of deposit in denominations of $100,000 or more totaled $417.3 million and $416.3 million at December 31, 2018 and 2017 , respectively. The following is a summary of the maturity distribution of all certificates of deposit in denominations of $100,000 or more as of December 31, 2018 : Dollars in thousands Amount Percent Three months or less $ 41,752 10.0 % Three through six months 52,370 12.5 % Six through twelve months 70,479 16.9 % Over twelve months 252,697 60.6 % Total $ 417,298 100.00 % The aggregate amount of time deposits in denominations that meet or exceed the FDIC insurance limit of $250,000 totaled $255.8 million and $239.6 million at December 31, 2018 and 2017. At December 31, 2018 and 2017 , our deposits of related parties including directors, executive officers and their related interests approximated $37.1 million and $16.0 million . |
Borrowed Funds
Borrowed Funds | 12 Months Ended |
Dec. 31, 2018 | |
Debt Disclosure [Abstract] | |
Borrowed Funds | BORROWED FUNDS Our subsidiary bank is a member of the Federal Home Loan Bank (“FHLB”). Membership in the FHLB makes available short-term and long-term advances under collateralized borrowing arrangements with each subsidiary bank. 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. We had $159.3 million available on a short term line of credit with the Federal Reserve Bank at December 31, 2018 , which is primarily secured by commercial and industrial loans and consumer loans. We also had $6 million available on an unsecured line of credit with a correspondent bank. At December 31, 2018 , our subsidiary bank had additional borrowings availability of $462.8 million from the FHLB. Short-term FHLB advances are granted for terms of 1 to 365 days and bear interest at a fixed or variable rate set at the time of the funding request. Short-term borrowings: At December 31, 2018 , we had $165.3 million borrowing availability through credit lines and Federal funds purchased agreements. Federal funds purchased mature the next business day. A summary of short-term borrowings is presented below. 2018 2017 Dollars in thousands Short-term FHLB Advances Federal Funds Purchased Short-term FHLB Advances Short-term Repurchase Agreements Federal Funds Purchased Balance at December 31 $ 303,950 $ 5,134 $ 247,000 $ — $ 3,499 Average balance outstanding for the period 223,764 4,378 201,712 519 3,512 Maximum balance outstanding at any month end during period 303,950 7,534 247,000 — 3,499 Weighted average interest rate for the period 2.18 % 1.95 % 1.19 % 0.12 % 1.10 % Weighted average interest rate for balances outstanding at December 31 2.71 % 2.50 % 1.60 % — % 1.50 % Long-term borrowings: Our long-term borrowings of $735,000 and $45.8 million at December 31, 2018 and 2017 , respectively, consisted primarily of advances from the 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 December 31, Dollars in thousands 2018 2017 Long-term FHLB advances $ 735 $ 751 Long-term repurchase agreements — 45,000 Total $ 735 $ 45,751 The average interest rate paid on long-term borrowings during 2018 was 4.26% compared to 4.33% in 2017 . Our long term FHLB borrowings bear both fixed and variable rates and mature in varying amounts through the year 2026. The securities underlying the repurchase agreements are under our control and secure the total outstanding balances. We generally account for securities sold under agreements to repurchase as collateralized financing transactions and record them at the amounts at which the securities were sold, plus accrued interest. Securities, generally U.S. government and Federal agency securities, pledged as collateral under these financing arrangements cannot be sold or repledged by the secured party. The fair value of collateral provided is continually monitored and additional collateral is provided as needed. At December 31, 2017, residential mortgage-backed securities issued by government sponsored agencies with a fair value of $50.0 million were pledged as collateral for the long-term repurchase agreements. 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 December 31, 2018 and 2017 . In October 2002, we sponsored SFG Capital Trust I, in March 2004, we sponsored SFG Capital Trust II and in December 2005, we sponsored SFG Capital Trust III, of which 100% of the common equity of each trust is owned by us. SFG Capital Trust I issued $ 3.5 million in capital securities and $ 109,000 in common securities and invested the proceeds in $ 3.61 million of debentures. SFG Capital Trust II issued $ 7.5 million in capital securities and $ 232,000 in common securities and invested the proceeds in $ 7.73 million of debentures. SFG Capital Trust III issued $ 8.0 million in capital securities and $ 248,000 in common securities and invested the proceeds in $ 8.25 million of debentures. Distributions on the capital securities issued by the trusts are payable quarterly at a variable interest rate equal to 3 month LIBOR plus 345 basis points for SFG Capital Trust I, 3 month LIBOR plus 280 basis points for SFG Capital Trust II and 3 month LIBOR plus 145 basis points for SFG Capital Trust III and equals the interest rate earned on the debentures held by the trusts and is recorded as interest expense by us. The capital securities are subject to mandatory redemption in whole or in part, upon repayment of the debentures. We have entered into agreements which, taken collectively, fully and unconditionally guarantee the capital securities subject to the terms of the guarantee. The debentures of each Capital Trust are redeemable by us quarterly. The capital securities held by SFG Capital Trust I, SFG Capital Trust II and SFG Capital Trust III qualify as Tier 1 capital under Federal Reserve Board guidelines. In accordance with these Guidelines, trust preferred securities generally are limited to 25% of Tier 1 capital elements, net of goodwill. The amount of trust preferred securities and certain other elements in excess of the limit can be included in Tier 2 capital. A summary of the maturities of all long-term borrowings and subordinated debentures for the next five years and thereafter is as follows: Dollars in thousands Long-term borrowings Subordinated debentures owed to unconsolidated subsidiary trusts 2019 $ 18 $ — 2020 18 — 2021 19 — 2022 21 — 2023 22 — Thereafter 637 19,589 Total $ 735 $ 19,589 |
Derivative Financial Instrument
Derivative Financial Instruments | 12 Months Ended |
Dec. 31, 2018 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments | DERIVATIVE FINANCIAL INSTRUMENTS We use derivative instruments primarily to protect against the risk of adverse interest rate movements on the cash flows of certain liabilities. Derivative instruments represent contracts between parties that usually require little or no initial net investment and result in one party delivering cash or another type of asset to the other party based upon a notional amount and an underlying as specified in the contract. A notional amount represents the number of units of a specific item, such as currency units. An underlying represents a variable, such as an interest rate or price index. The amount of cash or other asset delivered from one party to the other is determined based upon the interaction of the notional amount of the contract with the underlying. Derivatives can also be implicit in certain contracts and commitments. As with any financial instrument, derivative instruments have inherent risks, primarily market and credit risk. Market risk associated with changes in interest rates is managed by establishing and monitoring limits as to the degree of risk that may be undertaken as part of our overall market risk monitoring process. Credit risk occurs when a counterparty to a derivative contract with an unrealized gain fails to perform according to the terms of the agreement. Credit risk is managed by monitoring the size and maturity structure of the derivative portfolio and applying uniform credit standards to all activities with credit risk. All derivative instruments are recorded on the balance sheet at fair value in either other assets or other liabilities. Changes in the fair value of derivatives are recorded each period in current earnings or other comprehensive income, depending on whether a derivative is designated as part of a hedge transaction and the type of hedge transaction. Fair value hedges – For transactions in which we are hedging changes in fair value of an asset, liability, or a firm commitment, changes in the fair value of the derivative instrument are generally offset in the income statement by changes in the hedged item’s fair value. Cash flow hedges – For transactions in which we are hedging the variability of cash flows related to a variable-rate asset, liability, or a forecasted transaction, changes in the fair value of the derivative instrument are reported in other comprehensive income. The gains and losses on the derivative instrument, which are reported in comprehensive income, are reclassified to earnings in the periods in which earnings are impacted by the variability of cash flows of the hedged item. The ineffective portion of all hedges is recognized in current period earnings. Our derivatives are governed by the terms of ISDA Master netting agreements and Credit Support Annexes. The ISDA Master agreements allow counterparties to offset trades in a gain against trades in a loss to determine net exposure and allow for the right of offset in the event of either a default or an additional termination event. Credit Support Annexes govern the terms of daily collateral posting practices. Collateral practices mitigate the potential loss impact to affected parties by requiring liquid collateral to be posted on a scheduled basis to secure the aggregate net unsecured exposure. In addition to collateral, the right of offset allows counterparties to offset net derivative values with a defaulting party against certain other contractual receivables from other obligations due to the defaulting party in determining the net termination amount. 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 this 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 the 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 an $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 December 31, 2018 and 2017 follows: December 31, 2018 Derivative Fair Value Net Ineffective Dollars in thousands Notional Amount Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 110,000 $ — $ 411 $ — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 19,399 $ 555 $ — $ — December 31, 2017 Derivative Fair Value Net Ineffective Dollars in thousands Notional Amount Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 110,000 $ — $ 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 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. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | INCOME TAXES Income taxes, computed on the separate return basis with the benefit of filing a consolidated return being recorded at the holding company, include Federal and state income taxes and are based on pretax net income reported in the consolidated financial statements, adjusted for transactions that may never enter into the computation of income taxes payable (permanent differences). Deferred tax assets and liabilities are determined based on the differences between the financial statement and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Valuation allowances are established, when deemed necessary, to reduce deferred tax assets to the amount expected to be realized. On December 22, 2017, the Tax Cuts and Jobs Act (“TCJA”) was signed into law. Among other things, the TCJA permanently lowered the federal corporate income tax rate to 21% from the prior maximum rate of 35% , effective January 1, 2018. As a result of the reduction of the federal corporate income tax rate, ASC 740 - Income Taxes , required us to remeasure our deferred tax assets and deferred tax liabilities, including those accounted for in accumulated other comprehensive income, as of the date of TCJA’s enactment and record the effects as income tax expense in the reporting period of enactment. We remeasured our deferred tax assets and deferred tax liabilities as of December 22, 2017, at the new federal corporate income tax rate of 21% , and recorded additional deferred federal income tax expense of $3.5 million to reduce our net deferred tax assets. A tax position that meets a "probable recognition threshold" for the benefit of the uncertain tax position is recognized in the financial statements. A tax position that fails to meet the probable recognition threshold will result in either reduction of a current or deferred tax asset or receivable, or recording a current or deferred tax liability. We concluded that there were no significant uncertain tax positions requiring recognition in the consolidated financial statements. The evaluation was performed for the years ended 2015 through 2018, the tax years which remain subject to examination by major tax jurisdictions. The components of applicable income tax expense for the years ended December 31, 2018 , 2017 and 2016 , are as follows: Dollars in thousands 2018 2017 2016 Current Federal $ 6,400 $ 5,092 $ 7,738 State 973 496 627 7,373 5,588 8,365 Deferred Federal (304 ) 4,027 (353 ) State (45 ) 49 (4 ) (349 ) 4,076 (357 ) Total $ 7,024 $ 9,664 $ 8,008 Reconciliation between the amount of reported income tax expense and the amount computed by multiplying the statutory income tax rates by book pretax income for the years ended December 31, 2018 , 2017 and 2016 is as follows: 2018 2017 2016 Dollars in thousands Amount Percent Amount Percent Amount Percent Computed tax at applicable statutory rate $ 7,370 21 $ 7,553 35 $ 8,857 35 Increase (decrease) in taxes resulting from: Tax-exempt interest and dividends, net (1,011 ) (3 ) (1,569 ) (7 ) (1,080 ) (4 ) Non-deductible merger-related expenses — — — — 108 — Low-income housing and rehabilitation tax credits (286 ) (1 ) (247 ) (1 ) (55 ) — Impact of enacted income tax rate change — — 3,461 16 — — State income taxes, net of Federal income tax benefit 734 2 354 2 405 2 Other, net 217 1 112 — (227 ) (1 ) Applicable income taxes $ 7,024 20 $ 9,664 45 $ 8,008 32 Deferred income taxes reflect the impact of "temporary differences" between amounts of assets and liabilities for financial reporting purposes and such amounts as measured for tax purposes. Deferred tax assets and liabilities represent the future tax return consequences of temporary differences, which will either be taxable or deductible when the related assets and liabilities are recovered or settled. The tax effects of temporary differences, which give rise to our deferred tax assets and liabilities as of December 31, 2018 and 2017 , are as follows: Dollars in thousands 2018 2017 Deferred tax assets Allowance for loan losses $ 2,921 $ 2,753 Depreciation 405 523 Foreclosed properties 2,951 2,964 Deferred revenue 18 39 Deferred compensation 2,490 2,325 Other deferred costs and accrued expenses 645 551 Net unrealized loss on securities available for sale 265 — Net unrealized loss on interest rate swaps 99 494 Capital loss carryforwards 166 166 Total 9,960 9,815 Deferred tax liabilities Accretion on tax-exempt securities 29 — Net unrealized gain on securities available for sale — 916 Other post-retirement benefits 44 125 Purchase accounting adjustments and goodwill 2,253 2,357 Total 2,326 3,398 Net deferred tax assets $ 7,634 $ 6,417 We may from time to time be assessed interest or penalties associated with tax liabilities by major tax jurisdictions, although any such assessments are estimated to be minimal and immaterial. To the extent we have received an assessment for interest and/or penalties; it has been classified in the consolidated statements of income as a component of other noninterest expense. We are currently open to audit under the statute of limitations by the Internal Revenue Service for the years ended December 31, 2015 through 2017. Tax years 2016 through 2017 remain subject to West Virginia State examination. |
Employee Benefits
Employee Benefits | 12 Months Ended |
Dec. 31, 2018 | |
Employee Benefits and Share-based Compensation, Noncash [Abstract] | |
Employee Benefits | EMPLOYEE BENEFITS Retirement Plans: We have defined contribution profit-sharing plans with 401(k) provisions covering substantially all employees. Contributions to the plans are at the discretion of the Board of Directors. Contributions made to the plans and charged to expense were $622,000 , $556,000 and $381,000 for the years ended December 31, 2018 , 2017 and 2016 , respectively. Employee Stock Ownership Plan: We have an Employee Stock Ownership Plan (“ESOP”), which enables eligible employees to acquire shares of our common stock. The cost of the ESOP is borne by us through annual contributions to an Employee Stock Ownership Trust in amounts determined by the Board of Directors. The expense recognized by us is based on cash contributed or committed to be contributed by us to the ESOP during the year. Contributions to the ESOP for the years ended December 31, 2018 , 2017 and 2016 were $646,000 , $525,000 and $484,000 respectively. Dividends paid by us to the ESOP are reported as a reduction of retained earnings. The ESOP owned 588,193 shares of our common stock at December 31, 2018 and 2017 , all of which were purchased at the prevailing market price. All but 86,954 unallocated shares at December 31, 2018 are considered outstanding for earnings per share computations. The purchase of unallocated ESOP shares is shown as a reduction of shareholders' equity, similar to a purchase of treasury stock. The loan receivable from the ESOP to the Company is not reported as an asset nor is the debt of the ESOP reported as a liability on the Company's Consolidated Balance Sheets. Cash dividends on allocated shares (those credited to ESOP participants' accounts) are recorded as a reduction of shareholders' equity and distributed directly to participants' accounts. Cash dividends on unallocated shares (those held by the ESOP not yet credited to participants' accounts) are used to pay a portion of the ESOPs debt service requirements. Unallocated ESOP shares will be allocated to ESOP participants ratably as the ESOP's loan is repaid. When the shares are committed to be released and become available for allocation to plan participants, the then fair value of such shares will be charged to compensation expense. The ESOP shares as of December 31 are as follows: ESOP Shares At December 31, 2018 2017 Allocated shares 481,459 441,654 Shares committed to be released 19,780 39,805 Unallocated shares 86,954 106,734 Total ESOP shares 588,193 588,193 Market value of unallocated shares ( in thousands ) $ 1,679 $ 2,809 Supplemental Executive Retirement Plan: We have certain non-qualified Supplemental Executive Retirement Plans (“SERP”) with certain senior officers, which provide participating officers with an income benefit payable at retirement age or death. The liabilities accrued for the SERP’s at December 31, 2018 and 2017 were $6.1 million and $5.5 million , respectively, which are included in other liabilities. Included in salaries, commissions and employee benefits was $669,000 , $707,000 and $575,000 expense related to these SERPS for the years December 31, 2018, 2017 and 2016, respectively. 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 share-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 share based compensation to individual employees. There were no grants of stock options or SARs in 2018. During first quarter 2017, we granted 34,306 SARs with a $14.06 grant date fair value per SAR that become exercisable ratably over seven years ( 14.3% per year) and expire ten years after the grant date. Also during first quarter 2017, we granted 53,309 SARs with a $14.10 grant date fair value per SAR that become exercisable ratably over five years ( 20% per year) and expire ten years after the grant date. There were no grants of stock options or SARs in 2016. The fair value of our employee stock options and SARs granted under the Plans is estimated at the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that would otherwise have a significant effect on the value of employee stock options and SARs granted but are not considered by the model. Because our employee stock options and SARs have characteristics significantly different from those of traded options and because changes in the subjective input assumptions can materially affect the fair value estimate, in management’s opinion, the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options and SARs at the time of grant. The assumptions used to value SARs are as follows: 2017 grant with 7 year expiration 2017 grant with 5 year expiration Risk-free interest rate 2.24 % 2.16 % Expected dividend yield 1.45 % 1.45 % Expected common stock volatility 59.60 % 60.05 % Expected life 7 years 6.5 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 2018, 2017 and 2016, our stock compensation expense totaled $391,000 , $385,000 and $200,000 , respectively, and the related income tax benefits recognized in 2018, 2017 and 2016 were $94,000 , $142,000 and $74,000 respectively. A summary of activity in our Plans during 2016 , 2017 and 2018 is as follows: Weighted Average Dollars in thousands, except per share amounts Options / SARs Aggregate Remaining Contractual Term (Yrs.) Exercise Price Outstanding, December 31, 2015 244,147 $ 14.05 Granted — — Exercised (24,740 ) 18.08 Forfeited — — Expired (1,550 ) 18.79 Outstanding, December 31, 2016 217,857 $ 13.56 Granted 87,615 26.01 Exercised (51,781 ) 13.62 Forfeited — — Expired (3,400 ) 24.97 Outstanding, December 31, 2017 250,291 $ 17.75 Granted — — Exercised (6,800 ) 17.79 Forfeited (3,200 ) 25.50 Expired (8,200 ) 25.54 Outstanding, December 31, 2018 232,091 $ 1,070 6.74 $ 17.36 Exercisable Options/SARs: December 31, 2018 95,924 $ 583 6.04 $ 14.82 December 31, 2017 62,646 687 4.92 $ 15.35 December 31, 2016 84,483 974 4.73 $ 16.00 The total intrinsic value of options and SARs exercised in 2018, 2017 and 2016 was $24,000 , $694,000 and $240,000 , respectively. The total fair value of options and SARs vested during 2018, 2017 and 2016 was $396,000 , $200,000 and $200,000 , respectively. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 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 December 31, December 31, Commitments to extend credit: Revolving home equity and credit card lines $ 69,893 $ 69,187 Construction loans 85,392 44,323 Other loans 161,619 112,193 Standby letters of credit 6,366 3,870 Total $ 323,270 $ 229,573 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 and generally are of a term of no greater than one year. 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. Operating leases We occupy certain facilities under long-term operating leases. The aggregate minimum annual rental commitments under those leases total approximately $200,000 in 2019 and $53,000 in 2020. Total net rent expense included in the accompanying consolidated financial statements was $305,000 in 2018, $284,000 in 2017 and $256,000 in 2016. Employment Agreements We have various employment agreements with our executive officers and other key employees. These agreements contain change in control provisions that would entitle the officers to receive compensation in the event there is a change in control in the Company (as defined) and a termination of their employment without cause (as defined). Legal Contingencies On May 13, 2014, the ResCap Liquidating Trust (“ResCap”), as successor to Residential Funding Company, LLC f/k/a Residential Funding Corporation (“RFC”), filed a complaint against Summit Financial Mortgage, LLC (“Summit Mortgage”), a former residential mortgage subsidiary of Summit whose operations were discontinued in 2007. On January 23, 2017, ResCap, as successor to RFC, filed a complaint against Summit Community Bank, Inc., as successor to Shenandoah Valley Community Bank (“Summit”), in the United States District Court for the District of Minnesota. On April 24, 2017, Summit entered into a Settlement and Release Agreement (the “Settlement Agreement”) with the RFC parties with respect to both of the above reference ResCap lawsuits. Under the Settlement Agreement, Summit paid $9.9 million to fully resolve all claims by ResCap, and to avoid the further costs, disruption, and distraction of defending the ResCap lawsuits. Summit recorded a charge to noninterest expense in its consolidated statement of income for the year December 31, 2017 to recognize this settlement. We are not a party to any other litigation except for matters that arise in the normal course of business. While it is impossible to ascertain the ultimate resolution or range of financial liability, 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 | 12 Months Ended |
Dec. 31, 2018 | |
Banking and Thrift [Abstract] | |
Regulatory Matters | REGULATORY MATTERS The primary source of funds for our dividends paid to our shareholders is dividends received from our subsidiaries. Dividends paid by the subsidiary bank are subject to restrictions by banking law and regulations and require approval by the bank’s regulatory agency if dividends declared in any year exceed the bank’s current year's net income, as defined, plus its retained net profits of the two preceding years. During 2019, the Bank will have $25.6 million plus net income for the interim periods through the date of declaration, available for dividends for distribution to us. Our subsidiary bank is required to maintain reserve balances with the Federal Reserve Bank. The required reserve balance was $1,603,000 at December 31, 2018 . 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 December 31, 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 December 31, 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 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 December 31, 2018 and 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. Our actual capital amounts and ratios as well as our subsidiary, Summit Community Bank’s (“Summit Community”) are presented in the following table. 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, 2018 CET1 (to risk weighted assets) Summit $ 197,551 11.1 % N/A N/A N/A N/A Summit Community 213,930 12.0 % 124,793 7.0 % 115,879 6.5 % Tier I Capital (to risk weighted assets) Summit 216,551 12.2 % N/A N/A N/A N/A Summit Community 213,930 12.0 % 151,534 8.5 % 142,620 8.0 % Total Capital (to risk weighted assets) Summit 229,598 12.9 % N/A N/A N/A N/A Summit Community 226,977 12.8 % 186,192 10.5 % 177,326 10.0 % Tier I Capital (to average assets) Summit 216,551 10.1 % N/A N/A N/A N/A Summit Community 213,930 10.0 % 85,572 4.0 % 106,965 5.0 % 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 | 12 Months Ended |
Dec. 31, 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: December 31, 2018 Dollars in thousands Community Banking Trust and Wealth Management Insurance Services Parent Eliminations Total Net interest income $ 70,668 $ — $ — $ (871 ) $ — $ 69,797 Provision for loan losses 2,250 — — — — 2,250 Net interest income after provision for loan losses 68,418 — — (871 ) — 67,547 Other income 10,559 2,653 4,210 1,555 (1,555 ) 17,422 Other expenses 43,165 2,104 3,594 2,565 (1,555 ) 49,873 Income (loss) before income taxes 35,812 549 616 (1,881 ) — 35,096 Income tax expense (benefit) 7,111 132 155 (374 ) — 7,024 Net income (loss) $ 28,701 417 $ 461 $ (1,507 ) $ — $ 28,072 Inter-segment revenue (expense) $ (1,436 ) $ — $ (119 ) $ 1,555 $ — $ — Average assets $ 2,146,357 $ — $ 6,085 $ 231,737 $ (255,137 ) $ 2,129,042 Capital expenditures $ 5,435 $ — $ 24 $ 86 $ — $ 5,545 December 31, 2017 Dollars in thousands Community Banking Trust and Wealth Management Insurance Services Parent Eliminations Total Net interest income $ 66,837 $ — $ — $ (690 ) $ — $ 66,147 Provision for loan losses 1,250 — — — — 1,250 Net interest income after provision for loan losses 65,587 — — (690 ) — 64,897 Other income 8,671 1,863 3,893 1,964 (1,964 ) 14,427 Other expenses 52,221 1,712 3,314 2,462 (1,964 ) 57,745 Income (loss) before income taxes 22,037 151 579 (1,188 ) — 21,579 Income tax expense (benefit) 9,672 56 65 (129 ) — 9,664 Net income (loss) $ 12,365 95 $ 514 $ (1,059 ) $ — $ 11,915 Inter-segment revenue (expense) $ (1,804 ) $ — $ (160 ) $ 1,964 $ — $ — Average assets $ 2,028,054 $ — $ 6,200 $ 208,468 $ (236,382 ) $ 2,006,340 Capital expenditures $ 6,054 $ — $ 39 $ 92 $ — $ 6,185 December 31, 2016 Dollars in thousands Community Banking Trust and Wealth Management Insurance Services Parent Eliminations Total Net interest income $ 49,649 — $ — $ (642 ) $ — $ 49,007 Provision for loan losses 500 — — — — 500 Net interest income after provision for loan losses 49,149 — — (642 ) — 48,507 Other income 7,213 449 3,951 1,541 (1,554 ) 11,600 Other expenses 29,482 415 3,638 2,821 (1,554 ) 34,802 Income (loss) before income taxes 26,880 34 313 (1,922 ) — 25,305 Income tax expense (benefit) 8,566 13 144 (715 ) — 8,008 Net income (loss) 18,314 21 169 (1,207 ) — 17,297 Inter-segment revenue (expense) $ (1,441 ) $ — $ (113 ) $ 1,554 $ — $ — Average assets $ 1,620,723 $ — $ 5,984 $ 173,999 $ (201,109 ) $ 1,599,597 Capital expenditures $ 1,730 $ — $ 36 $ 91 $ — $ 1,857 |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2018 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | EARNINGS PER SHARE The computations of basic and diluted earnings per share follow: For the Year Ended December 31, 2018 2017 2016 Common Common Common Dollars in thousands, Income Shares Per Income Shares Per Income Shares Per except per share amounts (Numerator) (Denominator) Share (Numerator) (Denominator) Share (Numerator) (Denominator) Share Net income $ 28,072 $ 11,915 $ 17,297 Basic EPS $ 28,072 12,364,468 $ 2.27 $ 11,915 11,918,390 $ 1.00 $ 17,297 10,689,224 $ 1.62 Effect of dilutive securities: Stock options 7,071 11,338 11,612 Stock appreciation rights (SARs) 53,034 19,517 16,035 Diluted EPS $ 28,072 12,424,573 $ 2.26 $ 11,915 11,949,245 $ 1.00 $ 17,297 10,716,871 $ 1.61 Stock option and SAR grants and the convertible preferred shares are disregarded in this computation if they are determined to be anti-dilutive. At December 31, 2018, our anti-dilutive stock options were 7,700 shares and anti-dilutive SARs totaled 87,615 . All outstanding stock options and SARs were dilutive at December 31, 2017. At December 31, 2016, anti-dilutive options totaled 23,400 shares. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income (Loss) (Notes) | 12 Months Ended |
Dec. 31, 2018 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Comprehensive Income (Loss) Note [Text Block] | NOTE 21. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME The following are the changes in accumulated other comprehensive (loss) income by component, net of tax, for the years ended December 31, 2018 and 2017 . December 31, 2018 Dollars in thousands Gains on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains and Losses on Available-for-Sale Securities Total Beginning balance $ 398 $ (1,564 ) $ 2,898 $ 1,732 Other comprehensive income (loss) before reclassification (259 ) 1,250 (3,266 ) (2,275 ) Amounts reclassified from accumulated other comprehensive income — — (473 ) (473 ) Net current period other comprehensive income (loss) (259 ) 1,250 (3,739 ) (2,748 ) Ending balance $ 139 $ (314 ) $ (841 ) $ (1,016 ) December 31, 2017 Dollars in thousands Gains on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains and Losses on Available-for-Sale Securities Total Beginning balance $ — $ (2,906 ) $ (356 ) $ (3,262 ) Other comprehensive income (loss) before reclassification 328 1,610 2,749 4,687 Amounts reclassified from accumulated other comprehensive income (loss) — — 9 9 Net current period other comprehensive income (loss) 328 1,610 2,758 4,696 AOCI reclass related to TCJA enactment 70 (268 ) 496 298 Ending balance 398 $ (1,564 ) $ 2,898 $ 1,732 |
Revenue Recognition Revenue fro
Revenue Recognition Revenue from Contracts with Customers (Notes) | 12 Months Ended |
Dec. 31, 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 December 31, 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: For the Year Ended December 31, Dollars in thousands 2018 2017 2016 Service fees on deposit accounts $ 4,631 $ 4,109 $ 2,656 Bank card revenue 3,152 2,697 1,869 Trust and wealth management fees 2,653 1,863 449 Insurance commissions 4,320 4,005 4,022 Other 246 227 137 Net revenue from contracts with customers 15,002 12,901 9,133 Non-interest income within the scope of other ASC topics 2,420 1,526 2,467 Total noninterest income $ 17,422 $ 14,427 $ 11,600 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 years ended December 31, 2018, 2017 and 2016 net (losses)/gains on sales of foreclosed properties were ($82,000) , $157,000 and $916,000 , respectively. |
Condensed Financial Statements
Condensed Financial Statements Of Parent Company | 12 Months Ended |
Dec. 31, 2018 | |
Condensed Financial Information Disclosure [Abstract] | |
Condensed Financial Statements of Parent Company | CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY Information relative to our parent company balance sheets at December 31, 2018 and 2017 and the related statements of income and cash flows for the years ended December 31, 2018 , 2017 and 2016 , are presented as follows: Balance Sheets December 31, Dollars in thousands 2018 2017 Assets Cash $ 4,326 $ 2,299 Investment in subsidiaries 236,422 219,980 Other investments 77 77 Premises and equipment 126 94 Other assets 1,365 1,318 Total assets $ 242,316 $ 223,768 Liabilities and Shareholders' Equity Subordinated debentures owed to unconsolidated subsidiary trusts $ 19,589 $ 19,589 Other liabilities 2,897 2,674 Total liabilities 22,486 22,263 Preferred stock, $1.00 par value, authorized 250,000 shares — — Common stock and related surplus, $2.50 par value, authorized 20,000,000 shares; issued: 12,399,887 shares 2018, 12,465,296 shares 2017; outstanding: 12,312,933 shares 2018, 12,358,562 shares 2017 80,431 81,098 Unallocated common stock held by Employee Stock Ownership Plan - 2018 - 86,954 shares, 2017 - 106,734 shares (939 ) (1,152 ) Retained earnings 141,354 119,827 Accumulated other comprehensive (loss) income (1,016 ) 1,732 Total shareholders' equity 219,830 201,505 Total liabilities and shareholders' equity $ 242,316 $ 223,768 Statements of Income For the Year Ended December 31, Dollars in thousands 2018 2017 2016 Income Dividends from subsidiaries $ 10,600 $ 6,500 $ 5,070 Other dividends and interest income 28 24 21 Realized securities losses — — (14 ) Management and service fees from subsidiaries 1,555 1,964 1,554 Total income 12,183 8,488 6,631 Expense Interest expense 899 714 663 Operating expenses 2,565 2,462 2,820 Total expenses 3,464 3,176 3,483 Income before income taxes and equity in undistributed income of subsidiaries 8,719 5,312 3,148 Income tax (benefit) (374 ) (129 ) (715 ) Income before equity in undistributed income of subsidiaries 9,093 5,441 3,863 Equity in undistributed income of subsidiaries 18,979 6,474 13,434 Net income $ 28,072 $ 11,915 $ 17,297 Statements of Cash Flows For the Year Ended December 31, Dollars in thousands 2018 2017 2016 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 28,072 $ 11,915 $ 17,297 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed net income of subsidiaries (18,979 ) (6,474 ) (13,434 ) Deferred tax (benefit) expense (8 ) 346 (214 ) Depreciation 41 39 36 Realized securities losses — — 14 Share-based compensation expense 181 174 96 Earnings on bank owned life insurance 7 (1 ) 5 (Increase) decrease in other assets (375 ) 535 (277 ) Increase in other liabilities 1,036 512 1,104 Net cash provided by operating activities 9,975 7,046 4,627 CASH FLOWS FROM INVESTING ACTIVITIES Proceeds sales of available for sale securities — — 86 Purchases of premises and equipment (86 ) (92 ) (56 ) Proceeds from sale of premises and equipment 13 60 — Net cash (used in) provided by investing activities (73 ) (32 ) 30 CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid on common stock (6,545 ) (5,238 ) (4,272 ) Exercise of stock options 122 303 447 Repayment of long-term borrowings — (902 ) (1,805 ) Purchase and retirement of common stock (1,689 ) — — Net proceeds from issuance of common stock 237 10 101 Net cash used in financing activities (7,875 ) (5,827 ) (5,529 ) Increase (decrease) in cash 2,027 1,187 (872 ) Cash: Beginning 2,299 1,112 1,984 Ending $ 4,326 $ 2,299 $ 1,112 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash payments for: Interest $ 875 $ 704 $ 654 |
Basis of Presentation (Policies
Basis of Presentation (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Use of estimates | Use of estimates : We must make estimates and assumptions that affect the reported amounts and disclosures in preparing our financial statements in conformity with accounting principles generally accepted in the United States of America. Actual results could differ significantly from those estimates. |
Principles of consolidation | Principles of consolidation : The accompanying consolidated financial statements include the accounts of Summit and its wholly-owned subsidiaries. All significant accounts and transactions among these entities have been eliminated. |
Comprehensive Income, Policy | Comprehensive income: Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on securities available for sale, cash flow hedges and other post-retirement benefits, which are recognized as separate components of equity. |
Cash and cash equivalents | Cash and cash equivalents: Cash and cash equivalents includes cash on hand, amounts due from banks (including cash items in process of clearing), interest bearing deposits with other banks and federal funds sold. |
Finance, Loan and Lease Receivables, Held-for-sale, Policy | Loans held for sale : Loans held for sale are valued at the lower of aggregate carrying cost or fair value. Gains or losses realized on the sales of loans are recognized in other income at the time of sale. |
Cash surrender value of life insurance policies | Cash surrender value of life insurance policies: We have purchased life insurance policies on certain employees. Company owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. |
Presentation of cash flows | Presentation of cash flows : For purposes of reporting, cash flows from demand deposits, NOW accounts, savings accounts and short-term borrowings are reported on a net basis, since their original maturities are less than three months. Cash flows from loans and certificates of deposit and other time deposits are reported net. |
Advertising | Advertising: Advertising costs are expensed as incurred |
Trust services | Trust services : Assets held in an agency or fiduciary capacity are not our assets and are not included in the accompanying consolidated balance sheets. Trust services income is recognized on the cash basis in accordance with customary banking practice. Reporting such income on a cash basis does not produce results that are materially different from those that would result from use of the accrual basis. |
Variable interest entities | Unconsolidated subsidiary trusts: In accordance with accounting principles generally accepted in the United States, we do not consolidate subsidiary trusts which issue guaranteed preferred beneficial interests in subordinated debentures (Trust Preferred Securities). The Trust Preferred Securities qualify as Tier 1 capital for regulatory purposes. See Note 13 of our Notes to Consolidated Financial Statements for a discussion of our subordinated debentures owed to unconsolidated subsidiary trusts. |
Acquisitions Acquisitions (Tabl
Acquisitions Acquisitions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Business Combinations [Abstract] | |
Financial Effects of Purchase Accounting Adjustments | The following presents the financial effects of adjustments recognized in the statements of income for the years ended December 31, 2018 and 2017 related to business combinations that occurred during 2016 and 2017. Income increase (decrease) Dollars in thousands December 31, 2018 December 31, 2017 Interest and fees on loans $ 386 $ 825 Interest expense on deposits 205 237 Amortization of intangibles (1,471 ) (1,210 ) Income before income tax expense $ (880 ) $ (148 ) |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis. Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2018 Level 1 Level 2 Level 3 Available for sale securities U.S. Government sponsored agencies $ 26,140 $ — $ 26,140 $ — Mortgage backed securities: Government sponsored agencies 80,309 — 80,309 — Nongovernment sponsored entities 614 — 614 — State and political subdivisions 19,243 — 19,243 — Corporate debt securities 14,512 — 14,512 — Asset-backed securities 25,175 — 25,175 — Tax-exempt state and political subdivisions 127,154 — 127,154 — Total available for sale securities $ 293,147 $ — $ 293,147 $ — Derivative financial assets Interest rate swaps $ 555 $ — $ 555 $ — Derivative financial liabilities Interest rate swaps $ 411 $ — $ 411 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2017 Level 1 Level 2 Level 3 Available for sale securities 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 — Tax-exempt state and political subdivisions 139,653 — 139,653 — Total available for sale securities $ 328,586 $ — $ 328,586 $ — 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 tables below. Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2018 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 400 $ — $ 400 $ — Collateral-dependent impaired loans Commercial $ 2,660 $ — $ 2,611 $ 49 Commercial real estate 420 — 420 — Construction and development 759 — 759 — Residential real estate 763 — 763 — Total collateral-dependent impaired loans $ 4,602 $ — $ 4,553 $ 49 Property held for sale Commercial real estate $ 1,677 $ — $ 1,677 $ — Construction and development 16,363 — 16,363 — Residential real estate 403 — 403 — Total property held for sale $ 18,443 $ — $ 18,443 $ — 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: At December 31, 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 $ 59,540 $ 59,540 $ — $ 59,540 $ — Securities available for sale 293,147 293,147 — 293,147 — Other investments 16,635 16,635 — 16,635 — Loans held for sale, net 400 400 — 400 — Loans, net 1,682,005 1,666,834 — 4,553 1,662,281 Accrued interest receivable 8,708 8,708 — 8,708 — Derivative financial assets 555 555 — 555 — $ 2,060,990 $ 2,045,819 $ — $ 383,538 $ 1,662,281 Financial liabilities Deposits $ 1,634,826 $ 1,631,456 $ — $ 1,631,456 $ — Short-term borrowings 309,084 309,084 — 309,084 — Long-term borrowings 735 843 — 843 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 1,102 1,102 — 1,102 — Derivative financial liabilities 411 411 — 411 — $ 1,965,747 $ 1,962,485 $ — $ 1,962,485 $ — At 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 328,586 328,586 — 328,586 — Other investments 15,071 15,071 — 15,071 — 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 $ — |
Securities (Tables)
Securities (Tables) | 12 Months Ended |
Dec. 31, 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 December 31, 2018 and 2017 , are summarized as follows: December 31, 2018 Amortized Unrealized Dollars in thousands Cost Gains Losses Fair Value Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 26,303 $ 203 $ 366 $ 26,140 Residential mortgage-backed securities: Government-sponsored agencies 80,883 603 1,177 80,309 Nongovernment-sponsored entities 611 4 1 614 State and political subdivisions General obligations 6,081 — 126 5,955 Other revenues 13,457 17 186 13,288 Corporate debt securities 14,807 9 304 14,512 Asset-backed securities 25,288 10 123 25,175 Total taxable debt securities 167,430 846 2,283 165,993 Tax-exempt debt securities State and political subdivisions General obligations 65,626 624 344 65,906 Water and sewer revenues 20,018 225 98 20,145 Lease revenues 10,980 135 7 11,108 Other revenues 30,197 77 279 29,995 Total tax-exempt debt securities 126,821 1,061 728 127,154 Total available for sale securities $ 294,251 $ 1,907 $ 3,011 $ 293,147 December 31, 2017 Amortized Unrealized 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 Total available for sale securities $ 324,771 $ 5,329 $ 1,514 $ 328,586 |
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. December 31, 2018 Amortized Unrealized Dollars in thousands Cost Gains Losses Fair Value California $ 17,858 $ 208 $ 86 $ 17,980 Michigan 15,685 121 137 15,669 Texas 15,473 147 47 15,573 West Virginia 13,171 89 66 13,194 Illinois 12,342 94 114 12,322 |
Schedule of Realized Gain (Loss) | The proceeds from sales, calls and maturities of available for sale securities, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized are as follows: Dollars in thousands Proceeds from Gross realized Calls and Principal Years ended December 31, Sales Maturities Payments Gains Losses 2018 $ 107,559 $ 1,145 $ 24,814 $ 1,785 $ 1,163 2017 152,882 2,700 31,902 685 699 2016 72,453 3,235 35,881 1,422 295 |
Investments Classified by Contractual Maturity Date | The maturities, amortized cost and estimated fair values of securities at December 31, 2018 , are summarized as follows: Dollars in thousands Amortized Cost Fair Value Due in one year or less $ 27,679 $ 27,635 Due from one to five years 57,718 57,519 Due from five to ten years 48,085 47,205 Due after ten years 160,769 160,788 Total $ 294,251 $ 293,147 |
Schedule of Unrealized Loss on Investments | Provided below is a summary of securities available for sale which were in an unrealized loss position at December 31, 2018 and 2017 . 2018 Less than 12 months 12 months or more Total Dollars in thousands # of securities in loss position Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Temporarily impaired securities Taxable debt securities U.S. Government agencies and corporations 15 $ 12,185 $ 184 $ 7,464 $ 182 $ 19,649 $ 366 Residential mortgage-backed securities: Government-sponsored agencies 37 23,277 241 24,472 936 47,749 1,177 Nongovernment-sponsored entities 1 — — 436 1 436 1 State and political subdivisions: General obligations 8 — — 5,222 126 5,222 126 Other revenues 11 968 16 9,450 170 10,418 186 Corporate debt securities 7 2,759 109 4,587 195 7,346 304 Asset-backed securities 9 20,129 123 — — 20,129 123 Tax-exempt debt securities State and political subdivisions: General obligations 25 7,273 50 16,830 294 24,103 344 Water and sewer revenues 7 989 6 4,311 92 5,300 98 Lease revenues 2 553 — 557 7 1,110 7 Other revenues 12 7,309 62 11,531 217 18,840 279 Total temporarily impaired securities 134 75,442 791 84,860 2,220 160,302 3,011 2017 Less than 12 months 12 months or more Total Dollars in thousands # of securities in loss position Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Temporarily impaired securities Taxable debt securities U.S. Government agencies and corporations 9 $ 10,864 $ 91 $ 2,394 $ 54 $ 13,258 $ 145 Residential mortgage-backed securities: Government-sponsored agencies 35 32,156 269 22,584 634 54,740 903 Nongovernment-sponsored entities 1 5 — 810 7 815 7 State and political subdivisions: General obligations 9 6,035 55 — — 6,035 55 Other revenues 9 7,532 62 — — 7,532 62 Corporate debt securities 4 3,008 39 1,659 91 4,667 130 Tax-exempt debt securities State and political subdivisions: General obligations 12 2,999 20 9,937 178 12,936 198 Water and sewer revenues 1 282 3 — — 282 3 Lease revenues 1 569 2 — — 569 2 University revenues 1 1,749 9 — — 1,749 9 Total temporarily impaired securities 82 65,199 550 37,384 964 102,583 1,514 |
Loans (Tables)
Loans (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Loans and Leases Receivable Disclosure [Abstract] | |
Summary Of Loans, Net Of Unearned Fees | Loans are summarized as follows: Dollars in thousands 2018 2017 Commercial $ 194,315 $ 189,981 Commercial real estate Owner-occupied 266,362 250,202 Non-owner occupied 564,826 484,902 Construction and development Land and land development 68,833 67,219 Construction 24,731 33,412 Residential real estate Non-jumbo 336,977 354,101 Jumbo 73,599 62,267 Home equity 80,910 84,028 Mortgage warehouse lines 39,140 30,757 Consumer 32,460 36,202 Other 12,899 13,238 Total loans, net of unearned fees 1,695,052 1,606,309 Less allowance for loan losses 13,047 12,565 Loans, net $ 1,682,005 $ 1,593,744 |
Schedule Of Acquired Loans | The outstanding balance and the recorded investment of acquired loans included in the consolidated balance sheet at December 31, 2018 and 2017 are as follows: Acquired Loans 2018 2017 Dollars in thousands Purchased Credit Impaired Purchased Performing Total Purchased Credit Impaired Purchased Performing Total Outstanding balance $ 4,275 $ 138,167 $ 142,442 $ 5,923 $ 220,131 $ 226,054 Recorded investment Commercial $ — $ 3,934 $ 3,934 $ 9 $ 25,125 $ 25,134 Commercial real estate Owner-occupied — 16,133 16,133 689 21,893 22,582 Non-owner occupied 1,162 23,431 24,593 1,837 33,293 35,130 Construction and development Land and land development — 5,161 5,161 — 7,512 7,512 Construction — — — — 2,760 2,760 Residential real estate Non-jumbo 1,374 77,894 79,268 1,485 109,570 111,055 Jumbo 975 2,577 3,552 999 3,400 4,399 Home equity — 2,805 2,805 — 3,311 3,311 Consumer — 4,630 4,630 — 11,229 11,229 Other — 122 122 — 211 211 Total recorded investment $ 3,511 $ 136,687 $ 140,198 $ 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 during 2018 and 2017: Dollars in thousands 2018 2017 Accretable yield, January 1 $ 745 $ 290 Additions for First Century Bankshares, Inc. acquisition — 661 Accretion (115 ) (162 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — (31 ) Other changes, net 2 (13 ) Accretable yield, December 31 $ 632 $ 745 |
Schedule Of Loan Maturities | The following presents loan maturities at December 31, 2018 : Within After 1 but After Dollars in thousands 1 Year within 5 Years 5 Years Commercial $ 96,076 $ 63,124 $ 35,115 Commercial real estate 37,675 113,790 679,723 Construction and development 29,718 23,207 40,639 Residential real estate 22,176 50,982 418,328 Mortgage warehouse lines 39,140 — — Consumer 5,181 23,172 4,107 Other 1,229 2,302 9,368 $ 231,195 $ 276,577 $ 1,187,280 Loans due after one year with: Variable rates $ 546,499 Fixed rates 917,358 $ 1,463,857 |
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 December 31, 2018 and 2017 . At December 31, 2018 Past Due > 90 days and Accruing Dollars in thousands 30-59 days 60-89 days > 90 days Total Current Commercial $ 254 $ 51 $ 483 $ 788 $ 193,527 $ — Commercial real estate Owner-occupied — — 612 612 265,750 — Non-owner occupied 156 255 1,756 2,167 562,659 — Construction and development Land and land development 190 4 3,174 3,368 65,465 — Construction — — — — 24,731 — Residential mortgage Non-jumbo 4,120 2,235 3,753 10,108 326,869 — Jumbo — — 675 675 72,924 — Home equity 754 261 181 1,196 79,714 — Mortgage warehouse lines — — — — 39,140 — Consumer 502 121 125 748 31,712 36 Other 31 — — 31 12,868 — Total $ 6,007 $ 2,927 $ 10,759 $ 19,693 $ 1,675,359 $ 36 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 | Nonaccrual loans: The following table presents the nonaccrual loans included in the net balance of loans at December 31, 2018 and 2017 . Dollars in thousands 2018 2017 Commercial $ 935 $ 696 Commercial real estate Owner-occupied 1,028 726 Non-owner occupied 2,210 2,201 Construction and development Land & land development 3,198 3,569 Construction — — Residential mortgage Non-jumbo 6,532 6,944 Jumbo 675 — Home equity 299 712 Mortgage warehouse lines — — Consumer 112 201 Total $ 14,989 $ 15,049 |
Impaired Financing Receivables | The following tables present loans individually evaluated for impairment at December 31, 2018 and 2017 . December 31, 2018 Dollars in thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Impaired Balance Interest Income Recognized while impaired Without a related allowance Commercial $ 1,019 $ 1,253 $ — $ 321 $ 16 Commercial real estate Owner-occupied 8,600 8,605 — 7,730 318 Non-owner occupied 9,666 9,673 — 9,753 493 Construction and development Land & land development 4,767 4,767 — 4,947 102 Construction — — — — — Residential real estate Non-jumbo 3,279 3,284 — 3,401 180 Jumbo 4,132 4,130 — 3,517 166 Home equity 523 523 — 523 30 Mortgage warehouse lines — — — — — Consumer 9 10 — 13 1 Total without a related allowance $ 31,995 $ 32,245 $ — $ 30,205 $ 1,306 With a related allowance Commercial $ 3,343 $ 3,342 $ 682 $ 705 $ 39 Commercial real estate Owner-occupied 2,969 2,969 462 2,397 117 Non-owner occupied 189 191 9 226 16 Construction and development Land & land development 1,057 1,057 298 1,073 56 Construction — — — — — Residential real estate Non-jumbo 2,982 2,981 585 2,539 98 Jumbo 821 822 106 827 48 Home equity — — — — — Mortgage warehouse lines — — — — — Consumer — — — — — Total with a related allowance $ 11,361 $ 11,362 $ 2,142 $ 7,767 $ 374 Total Commercial $ 31,610 $ 31,857 $ 1,451 $ 27,152 $ 1,157 Residential real estate 11,737 11,740 691 10,807 522 Consumer 9 10 — 13 1 Total $ 43,356 $ 43,607 $ 2,142 $ 37,972 $ 1,680 The above table 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 |
Troubled Debt Restructurings on Financing Receivables | All TDRs are evaluated individually for allowance for loan loss purposes. 2018 2017 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 2 183 183 2 489 489 Construction and development Land & land development — — — 1 438 438 Residential real estate Non-jumbo 8 899 899 4 642 642 Total 12 $ 1,239 $ 1,239 8 $ 3,871 $ 3,871 |
Schedule Of Defaults During Stated Period Of Trouble Debt Restructurings | For purposes of these tables, a default is considered as either the loan was past due 30 days or more at any time during the period, or the loan was fully or partially charged off during the period. 2018 2017 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 Owner-occupied — — 1 2,291 Construction and development Land & land development — — 1 437 Residential real estate Non-jumbo 7 847 3 767 Total 9 $ 1,004 5 $ 3,495 |
Schedule of the Activity Regarding TDRs by Loan Type | The following table details the activity regarding TDRs by loan type during 2018 and the related allowance on TDRs. 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 — 183 899 — — — — — 1,239 Charge-offs — — — — — (55 ) — — — — — (55 ) Net (paydowns) advances (389 ) — (296 ) (180 ) (13 ) (1,549 ) (115 ) — — (8 ) — (2,550 ) Transfer into foreclosed properties — — — — — — — — — — — — Refinance out of TDR status — — — — — — — — — — — — Balance, December 31, 2018 $ 2,654 $ — $ 273 $ 9,365 $ 5,404 $ 4,490 $ 4,278 $ 523 $ — $ 10 $ — $ 26,997 Allowance related to troubled debt restructurings $ 298 $ — $ 9 $ 270 $ 8 $ 189 $ 105 $ — $ — $ — $ — $ 879 |
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 defined above. 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 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 Pass $ 63,743 $ 60,850 $ 24,589 $ 33,412 $ 182,651 $ 186,941 $ 259,360 $ 242,702 $ 556,609 $ 474,522 $ 39,140 $ 30,757 OLEM (Special Mention) 472 1,397 142 — 6,748 2,267 1,864 3,534 1,554 2,221 — — Substandard 4,618 4,972 — — 4,916 773 5,138 3,966 6,663 8,159 — — Doubtful — — — — — — — — — — — — Loss — — — — — — — — — — — — Total $ 68,833 $ 67,219 $ 24,731 $ 33,412 $ 194,315 $ 189,981 $ 266,362 $ 250,202 $ 564,826 $ 484,902 $ 39,140 $ 30,757 |
Schedule Of Recorded Investment Evaluated Based On Aging Status Of Loans And Payment Activity | The following table presents the recorded investment in consumer, residential real estate and home equity loans, which are generally evaluated based on the aging status of the loans, which was previously presented, and payment activity. Performing Nonperforming Dollars in thousands 2018 2017 2018 2017 Residential real estate Non-jumbo $ 330,445 $ 347,183 $ 6,532 $ 6,918 Jumbo 72,924 62,267 675 — Home Equity 80,611 83,316 299 712 Consumer 32,312 35,932 148 270 Other 12,899 13,238 — — Total $ 529,191 $ 541,936 $ 7,654 $ 7,900 |
Schedule of Related Party Loans Aggregating $60,000 or More | The following presents the activity with respect to related party loans aggregating $60,000 or more to any one related party (other changes represent additions to and changes in director and executive officer status): Dollars in thousands 2018 2017 Balance, beginning $ 45,698 $ 45,164 Additions 6,750 13,497 Amounts collected (6,992 ) (11,802 ) Other changes, net (1,557 ) (1,161 ) Balance, ending $ 43,899 $ 45,698 |
Allowance For Loan Losses (Tabl
Allowance For Loan Losses (Tables) | 12 Months Ended |
Dec. 31, 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 years ended December 31, 2018 , 2017 and 2016 is as follows: Dollars in thousands 2018 2017 2016 Balance, beginning of year $ 12,565 $ 11,674 $ 11,472 Losses: Commercial 248 23 489 Commercial real estate Owner occupied 38 5 179 Non-owner occupied 619 65 124 Construction and development Land and land development 259 3 127 Construction — 33 9 Residential real estate Non-jumbo 887 359 169 Jumbo — 2 — Home equity 26 158 175 Mortgage warehouse lines — — — Consumer 244 389 98 Other 282 251 185 Total 2,603 1,288 1,555 Recoveries: Commercial 16 124 73 Commercial real estate Owner occupied 23 89 31 Non-owner occupied — 91 17 Construction and development Land and land development 270 278 840 Construction — — — Real estate - mortgage Non-jumbo 228 134 136 Jumbo 25 — 6 Home equity 10 30 3 Mortgage warehouse lines — — — Consumer 141 82 76 Other 122 101 75 Total 835 929 1,257 Net losses 1,768 359 298 Provision for loan losses 2,250 1,250 500 Balance, end of year $ 13,047 $ 12,565 $ 11,674 |
Allowance for Credit Losses on Financing Receivables | The following tables present the activity in the allowance for loan losses, balance in allowance for loan losses and recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2018 and 2017. For the Year Ended December 31, 2018 At December 31, 2018 At December 31, 2018 Allowance for loan losses Allowance related to: Loans Dollars in thousands 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 collectively evaluated for impairment Loans Total Commercial $ 1,303 $ (248 ) $ 16 $ 634 $ 1,705 $ 682 $ 1,023 $ — $ 1,705 $ 4,362 $ 189,953 $ — $ 194,315 Commercial real estate Owner occupied 2,424 (38 ) 23 (195 ) 2,214 462 1,752 — 2,214 11,569 254,793 — 266,362 Non-owner occupied 4,950 (619 ) — 1,411 5,742 9 5,729 4 5,742 9,855 553,809 1,162 564,826 Construction and development Land and land development 641 (259 ) 270 (313 ) 339 298 41 — 339 5,824 63,009 — 68,833 Construction 153 — — (89 ) 64 — 64 — 64 — 24,731 — 24,731 Residential real estate Non-jumbo 1,911 (887 ) 228 838 2,090 585 1,495 10 2,090 6,261 329,342 1,374 336,977 Jumbo 72 — 25 282 379 106 273 — 379 4,953 67,671 975 73,599 Home equity 638 (26 ) 10 (455 ) 167 — 167 — 167 523 80,387 — 80,910 Mortgage warehouse lines — — — — — — — — — — 39,140 — 39,140 Consumer 210 (244 ) 141 (28 ) 79 — 79 — 79 9 32,451 — 32,460 Other 263 (282 ) 122 165 268 — 268 — 268 — 12,899 — 12,899 Total $ 12,565 $ (2,603 ) $ 835 $ 2,250 $ 13,047 $ 2,142 $ 10,891 $ 14 $ 13,047 $ 43,356 $ 1,648,185 $ 3,511 $ 1,695,052 For the Year Ended December 31, 2017 At December 31, 2017 At December 31, 2017 Allowance for loan losses Allowance related to: Loans Dollars in thousands 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 collectively evaluated for impairment Loans acquired with deteriora- ted credit quality (PCI) 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 |
Property Held For Sale (Tables)
Property Held For Sale (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract] | |
Schedule Of Activity Of Property Held For Sale | The following table presents the activity of property held for sale during 2018 , 2017 and 2016 . Dollars in thousands 2018 2017 2016 Beginning balance $ 21,470 $ 24,504 $ 25,567 Acquisitions 1,804 363 2,356 Acquisition of HCB — — 23 Acquisition of FCB — 2,377 — Capitalized improvements 1,304 316 463 Dispositions (2,370 ) (5,205 ) (3,237 ) Valuation adjustments (776 ) (885 ) (668 ) Balance at year end $ 21,432 $ 21,470 $ 24,504 |
Premises And Equipment (Tables)
Premises And Equipment (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment | The major categories of premises and equipment and accumulated depreciation at December 31, 2018 and 2017 are summarized as follows: Dollars in thousands 2018 2017 Land $ 10,415 $ 10,061 Buildings and improvements 32,283 29,620 Furniture and equipment 19,783 17,842 62,481 57,523 Less accumulated depreciation 24,928 23,314 Total premises and equipment, net $ 37,553 $ 34,209 |
Goodwill And Other Intangible_2
Goodwill And Other Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Goodwill | The following table presents our goodwill activity by reporting unit for 2018. 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, December 31, 2018 $ 10,562 $ 4,710 $ 15,272 |
Summary Of Other Intangible Assets | Other Intangible Assets December 31, 2018 December 31, 2017 Dollars in thousands Community Banking Insurance Services Total Community Banking Insurances Services Total Identified intangible assets Gross carrying amount $ 12,598 $ 3,000 $ 15,598 $ 12,598 $ 3,000 $ 15,598 Less: accumulated amortization 2,728 2,300 5,028 1,257 2,100 3,357 Net carrying amount $ 9,870 $ 700 $ 10,570 $ 11,341 $ 900 $ 12,241 |
Finite-lived Intangible Assets Amortization Expense | Amortization relative to our identified intangible assets is as follows: Core Deposit Customer Dollars in thousands Intangible Intangible Actual: 2016 $ 47 $ 200 2017 1,210 200 2018 1,471 200 Expected: 2019 1,368 200 2020 1,265 200 2021 1,162 200 2022 1,060 100 2023 957 — |
Deposits (Tables)
Deposits (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Deposits [Abstract] | |
Summary Of Interest Bearing Deposits By Type | The following is a summary of interest bearing deposits by type as of December 31, 2018 and 2017 : Dollars in thousands 2018 2017 Demand deposits, interest bearing $ 523,257 $ 410,606 Savings deposits 284,173 358,168 Time deposits 605,276 614,334 Total $ 1,412,706 $ 1,383,108 |
Summary Of Scheduled Maturities For All Time Deposits | A summary of the scheduled maturities for all time deposits as of December 31, 2018 is as follows: Dollars in thousands Amount 2019 $ 249,585 2020 175,665 2021 81,778 2022 34,397 2023 16,266 Thereafter 47,585 Total $ 605,276 |
Summary Of Maturity Distribution Of All Certificates Of Deposit | The following is a summary of the maturity distribution of all certificates of deposit in denominations of $100,000 or more as of December 31, 2018 : Dollars in thousands Amount Percent Three months or less $ 41,752 10.0 % Three through six months 52,370 12.5 % Six through twelve months 70,479 16.9 % Over twelve months 252,697 60.6 % Total $ 417,298 100.00 % |
Borrowed Funds (Tables)
Borrowed Funds (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Debt Disclosure [Abstract] | |
Schedule of Short-term Debt | A summary of short-term borrowings is presented below. 2018 2017 Dollars in thousands Short-term FHLB Advances Federal Funds Purchased Short-term FHLB Advances Short-term Repurchase Agreements Federal Funds Purchased Balance at December 31 $ 303,950 $ 5,134 $ 247,000 $ — $ 3,499 Average balance outstanding for the period 223,764 4,378 201,712 519 3,512 Maximum balance outstanding at any month end during period 303,950 7,534 247,000 — 3,499 Weighted average interest rate for the period 2.18 % 1.95 % 1.19 % 0.12 % 1.10 % Weighted average interest rate for balances outstanding at December 31 2.71 % 2.50 % 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 December 31, Dollars in thousands 2018 2017 Long-term FHLB advances $ 735 $ 751 Long-term repurchase agreements — 45,000 Total $ 735 $ 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 2019 $ 18 $ — 2020 18 — 2021 19 — 2022 21 — 2023 22 — Thereafter 637 19,589 Total $ 735 $ 19,589 |
Derivative Financial Instrume_2
Derivative Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Interest Rate Derivatives | A summary of our derivative financial instruments as of December 31, 2018 and 2017 follows: December 31, 2018 Derivative Fair Value Net Ineffective Dollars in thousands Notional Amount Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 110,000 $ — $ 411 $ — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 19,399 $ 555 $ — $ — December 31, 2017 Derivative Fair Value Net Ineffective Dollars in thousands Notional Amount Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 110,000 $ — $ 2,057 $ — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 19,965 $ 312 $ — $ — |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Schedule of Components of Income Tax Expense (Benefit) | The components of applicable income tax expense for the years ended December 31, 2018 , 2017 and 2016 , are as follows: Dollars in thousands 2018 2017 2016 Current Federal $ 6,400 $ 5,092 $ 7,738 State 973 496 627 7,373 5,588 8,365 Deferred Federal (304 ) 4,027 (353 ) State (45 ) 49 (4 ) (349 ) 4,076 (357 ) Total $ 7,024 $ 9,664 $ 8,008 |
Schedule of Effective Income Tax Rate Reconciliation | Reconciliation between the amount of reported income tax expense and the amount computed by multiplying the statutory income tax rates by book pretax income for the years ended December 31, 2018 , 2017 and 2016 is as follows: 2018 2017 2016 Dollars in thousands Amount Percent Amount Percent Amount Percent Computed tax at applicable statutory rate $ 7,370 21 $ 7,553 35 $ 8,857 35 Increase (decrease) in taxes resulting from: Tax-exempt interest and dividends, net (1,011 ) (3 ) (1,569 ) (7 ) (1,080 ) (4 ) Non-deductible merger-related expenses — — — — 108 — Low-income housing and rehabilitation tax credits (286 ) (1 ) (247 ) (1 ) (55 ) — Impact of enacted income tax rate change — — 3,461 16 — — State income taxes, net of Federal income tax benefit 734 2 354 2 405 2 Other, net 217 1 112 — (227 ) (1 ) Applicable income taxes $ 7,024 20 $ 9,664 45 $ 8,008 32 |
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences, which give rise to our deferred tax assets and liabilities as of December 31, 2018 and 2017 , are as follows: Dollars in thousands 2018 2017 Deferred tax assets Allowance for loan losses $ 2,921 $ 2,753 Depreciation 405 523 Foreclosed properties 2,951 2,964 Deferred revenue 18 39 Deferred compensation 2,490 2,325 Other deferred costs and accrued expenses 645 551 Net unrealized loss on securities available for sale 265 — Net unrealized loss on interest rate swaps 99 494 Capital loss carryforwards 166 166 Total 9,960 9,815 Deferred tax liabilities Accretion on tax-exempt securities 29 — Net unrealized gain on securities available for sale — 916 Other post-retirement benefits 44 125 Purchase accounting adjustments and goodwill 2,253 2,357 Total 2,326 3,398 Net deferred tax assets $ 7,634 $ 6,417 |
Employee Benefits (Tables)
Employee Benefits (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Employee Benefits and Share-based Compensation, Noncash [Abstract] | |
Employee Stock Ownership Plan (ESOP) Disclosures | The ESOP shares as of December 31 are as follows: ESOP Shares At December 31, 2018 2017 Allocated shares 481,459 441,654 Shares committed to be released 19,780 39,805 Unallocated shares 86,954 106,734 Total ESOP shares 588,193 588,193 Market value of unallocated shares ( in thousands ) $ 1,679 $ 2,809 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The assumptions used to value SARs are as follows: 2017 grant with 7 year expiration 2017 grant with 5 year expiration Risk-free interest rate 2.24 % 2.16 % Expected dividend yield 1.45 % 1.45 % Expected common stock volatility 59.60 % 60.05 % Expected life 7 years 6.5 years |
Schedule of Stock Options, Activity | A summary of activity in our Plans during 2016 , 2017 and 2018 is as follows: Weighted Average Dollars in thousands, except per share amounts Options / SARs Aggregate Remaining Contractual Term (Yrs.) Exercise Price Outstanding, December 31, 2015 244,147 $ 14.05 Granted — — Exercised (24,740 ) 18.08 Forfeited — — Expired (1,550 ) 18.79 Outstanding, December 31, 2016 217,857 $ 13.56 Granted 87,615 26.01 Exercised (51,781 ) 13.62 Forfeited — — Expired (3,400 ) 24.97 Outstanding, December 31, 2017 250,291 $ 17.75 Granted — — Exercised (6,800 ) 17.79 Forfeited (3,200 ) 25.50 Expired (8,200 ) 25.54 Outstanding, December 31, 2018 232,091 $ 1,070 6.74 $ 17.36 Exercisable Options/SARs: December 31, 2018 95,924 $ 583 6.04 $ 14.82 December 31, 2017 62,646 687 4.92 $ 15.35 December 31, 2016 84,483 974 4.73 $ 16.00 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 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 December 31, December 31, Commitments to extend credit: Revolving home equity and credit card lines $ 69,893 $ 69,187 Construction loans 85,392 44,323 Other loans 161,619 112,193 Standby letters of credit 6,366 3,870 Total $ 323,270 $ 229,573 |
Regulatory Matters (Tables)
Regulatory Matters (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Banking and Thrift [Abstract] | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations | Our actual capital amounts and ratios as well as our subsidiary, Summit Community Bank’s (“Summit Community”) are presented in the following table. 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, 2018 CET1 (to risk weighted assets) Summit $ 197,551 11.1 % N/A N/A N/A N/A Summit Community 213,930 12.0 % 124,793 7.0 % 115,879 6.5 % Tier I Capital (to risk weighted assets) Summit 216,551 12.2 % N/A N/A N/A N/A Summit Community 213,930 12.0 % 151,534 8.5 % 142,620 8.0 % Total Capital (to risk weighted assets) Summit 229,598 12.9 % N/A N/A N/A N/A Summit Community 226,977 12.8 % 186,192 10.5 % 177,326 10.0 % Tier I Capital (to average assets) Summit 216,551 10.1 % N/A N/A N/A N/A Summit Community 213,930 10.0 % 85,572 4.0 % 106,965 5.0 % 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) | 12 Months Ended |
Dec. 31, 2018 | |
Segment Reporting [Abstract] | |
Schedule of Segment Reporting Information, by Segment | Information for each of our segments is included below: December 31, 2018 Dollars in thousands Community Banking Trust and Wealth Management Insurance Services Parent Eliminations Total Net interest income $ 70,668 $ — $ — $ (871 ) $ — $ 69,797 Provision for loan losses 2,250 — — — — 2,250 Net interest income after provision for loan losses 68,418 — — (871 ) — 67,547 Other income 10,559 2,653 4,210 1,555 (1,555 ) 17,422 Other expenses 43,165 2,104 3,594 2,565 (1,555 ) 49,873 Income (loss) before income taxes 35,812 549 616 (1,881 ) — 35,096 Income tax expense (benefit) 7,111 132 155 (374 ) — 7,024 Net income (loss) $ 28,701 417 $ 461 $ (1,507 ) $ — $ 28,072 Inter-segment revenue (expense) $ (1,436 ) $ — $ (119 ) $ 1,555 $ — $ — Average assets $ 2,146,357 $ — $ 6,085 $ 231,737 $ (255,137 ) $ 2,129,042 Capital expenditures $ 5,435 $ — $ 24 $ 86 $ — $ 5,545 December 31, 2017 Dollars in thousands Community Banking Trust and Wealth Management Insurance Services Parent Eliminations Total Net interest income $ 66,837 $ — $ — $ (690 ) $ — $ 66,147 Provision for loan losses 1,250 — — — — 1,250 Net interest income after provision for loan losses 65,587 — — (690 ) — 64,897 Other income 8,671 1,863 3,893 1,964 (1,964 ) 14,427 Other expenses 52,221 1,712 3,314 2,462 (1,964 ) 57,745 Income (loss) before income taxes 22,037 151 579 (1,188 ) — 21,579 Income tax expense (benefit) 9,672 56 65 (129 ) — 9,664 Net income (loss) $ 12,365 95 $ 514 $ (1,059 ) $ — $ 11,915 Inter-segment revenue (expense) $ (1,804 ) $ — $ (160 ) $ 1,964 $ — $ — Average assets $ 2,028,054 $ — $ 6,200 $ 208,468 $ (236,382 ) $ 2,006,340 Capital expenditures $ 6,054 $ — $ 39 $ 92 $ — $ 6,185 December 31, 2016 Dollars in thousands Community Banking Trust and Wealth Management Insurance Services Parent Eliminations Total Net interest income $ 49,649 — $ — $ (642 ) $ — $ 49,007 Provision for loan losses 500 — — — — 500 Net interest income after provision for loan losses 49,149 — — (642 ) — 48,507 Other income 7,213 449 3,951 1,541 (1,554 ) 11,600 Other expenses 29,482 415 3,638 2,821 (1,554 ) 34,802 Income (loss) before income taxes 26,880 34 313 (1,922 ) — 25,305 Income tax expense (benefit) 8,566 13 144 (715 ) — 8,008 Net income (loss) 18,314 21 169 (1,207 ) — 17,297 Inter-segment revenue (expense) $ (1,441 ) $ — $ (113 ) $ 1,554 $ — $ — Average assets $ 1,620,723 $ — $ 5,984 $ 173,999 $ (201,109 ) $ 1,599,597 Capital expenditures $ 1,730 $ — $ 36 $ 91 $ — $ 1,857 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 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 Year Ended December 31, 2018 2017 2016 Common Common Common Dollars in thousands, Income Shares Per Income Shares Per Income Shares Per except per share amounts (Numerator) (Denominator) Share (Numerator) (Denominator) Share (Numerator) (Denominator) Share Net income $ 28,072 $ 11,915 $ 17,297 Basic EPS $ 28,072 12,364,468 $ 2.27 $ 11,915 11,918,390 $ 1.00 $ 17,297 10,689,224 $ 1.62 Effect of dilutive securities: Stock options 7,071 11,338 11,612 Stock appreciation rights (SARs) 53,034 19,517 16,035 Diluted EPS $ 28,072 12,424,573 $ 2.26 $ 11,915 11,949,245 $ 1.00 $ 17,297 10,716,871 $ 1.61 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The following are the changes in accumulated other comprehensive (loss) income by component, net of tax, for the years ended December 31, 2018 and 2017 . December 31, 2018 Dollars in thousands Gains on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains and Losses on Available-for-Sale Securities Total Beginning balance $ 398 $ (1,564 ) $ 2,898 $ 1,732 Other comprehensive income (loss) before reclassification (259 ) 1,250 (3,266 ) (2,275 ) Amounts reclassified from accumulated other comprehensive income — — (473 ) (473 ) Net current period other comprehensive income (loss) (259 ) 1,250 (3,739 ) (2,748 ) Ending balance $ 139 $ (314 ) $ (841 ) $ (1,016 ) December 31, 2017 Dollars in thousands Gains on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains and Losses on Available-for-Sale Securities Total Beginning balance $ — $ (2,906 ) $ (356 ) $ (3,262 ) Other comprehensive income (loss) before reclassification 328 1,610 2,749 4,687 Amounts reclassified from accumulated other comprehensive income (loss) — — 9 9 Net current period other comprehensive income (loss) 328 1,610 2,758 4,696 AOCI reclass related to TCJA enactment 70 (268 ) 496 298 Ending balance 398 $ (1,564 ) $ 2,898 $ 1,732 |
Revenue Recognition Revenue f_2
Revenue Recognition Revenue from Contracts with Customers (Tables) | 12 Months Ended |
Dec. 31, 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: For the Year Ended December 31, Dollars in thousands 2018 2017 2016 Service fees on deposit accounts $ 4,631 $ 4,109 $ 2,656 Bank card revenue 3,152 2,697 1,869 Trust and wealth management fees 2,653 1,863 449 Insurance commissions 4,320 4,005 4,022 Other 246 227 137 Net revenue from contracts with customers 15,002 12,901 9,133 Non-interest income within the scope of other ASC topics 2,420 1,526 2,467 Total noninterest income $ 17,422 $ 14,427 $ 11,600 |
Condensed Financial Statement_2
Condensed Financial Statements Of Parent Company (Tables) - Parent Company [Member] | 12 Months Ended |
Dec. 31, 2018 | |
Balance Sheets | Balance Sheets December 31, Dollars in thousands 2018 2017 Assets Cash $ 4,326 $ 2,299 Investment in subsidiaries 236,422 219,980 Other investments 77 77 Premises and equipment 126 94 Other assets 1,365 1,318 Total assets $ 242,316 $ 223,768 Liabilities and Shareholders' Equity Subordinated debentures owed to unconsolidated subsidiary trusts $ 19,589 $ 19,589 Other liabilities 2,897 2,674 Total liabilities 22,486 22,263 Preferred stock, $1.00 par value, authorized 250,000 shares — — Common stock and related surplus, $2.50 par value, authorized 20,000,000 shares; issued: 12,399,887 shares 2018, 12,465,296 shares 2017; outstanding: 12,312,933 shares 2018, 12,358,562 shares 2017 80,431 81,098 Unallocated common stock held by Employee Stock Ownership Plan - 2018 - 86,954 shares, 2017 - 106,734 shares (939 ) (1,152 ) Retained earnings 141,354 119,827 Accumulated other comprehensive (loss) income (1,016 ) 1,732 Total shareholders' equity 219,830 201,505 Total liabilities and shareholders' equity $ 242,316 $ 223,768 |
Statements of Income | Statements of Income For the Year Ended December 31, Dollars in thousands 2018 2017 2016 Income Dividends from subsidiaries $ 10,600 $ 6,500 $ 5,070 Other dividends and interest income 28 24 21 Realized securities losses — — (14 ) Management and service fees from subsidiaries 1,555 1,964 1,554 Total income 12,183 8,488 6,631 Expense Interest expense 899 714 663 Operating expenses 2,565 2,462 2,820 Total expenses 3,464 3,176 3,483 Income before income taxes and equity in undistributed income of subsidiaries 8,719 5,312 3,148 Income tax (benefit) (374 ) (129 ) (715 ) Income before equity in undistributed income of subsidiaries 9,093 5,441 3,863 Equity in undistributed income of subsidiaries 18,979 6,474 13,434 Net income $ 28,072 $ 11,915 $ 17,297 |
Statements of Cash Flows | Statements of Cash Flows For the Year Ended December 31, Dollars in thousands 2018 2017 2016 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 28,072 $ 11,915 $ 17,297 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed net income of subsidiaries (18,979 ) (6,474 ) (13,434 ) Deferred tax (benefit) expense (8 ) 346 (214 ) Depreciation 41 39 36 Realized securities losses — — 14 Share-based compensation expense 181 174 96 Earnings on bank owned life insurance 7 (1 ) 5 (Increase) decrease in other assets (375 ) 535 (277 ) Increase in other liabilities 1,036 512 1,104 Net cash provided by operating activities 9,975 7,046 4,627 CASH FLOWS FROM INVESTING ACTIVITIES Proceeds sales of available for sale securities — — 86 Purchases of premises and equipment (86 ) (92 ) (56 ) Proceeds from sale of premises and equipment 13 60 — Net cash (used in) provided by investing activities (73 ) (32 ) 30 CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid on common stock (6,545 ) (5,238 ) (4,272 ) Exercise of stock options 122 303 447 Repayment of long-term borrowings — (902 ) (1,805 ) Purchase and retirement of common stock (1,689 ) — — Net proceeds from issuance of common stock 237 10 101 Net cash used in financing activities (7,875 ) (5,827 ) (5,529 ) Increase (decrease) in cash 2,027 1,187 (872 ) Cash: Beginning 2,299 1,112 1,984 Ending $ 4,326 $ 2,299 $ 1,112 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash payments for: Interest $ 875 $ 704 $ 654 |
Acquisitions - Narrative (Detai
Acquisitions - Narrative (Details) - USD ($) | Jan. 01, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Apr. 01, 2017 | Mar. 31, 2017 |
Business Acquisition [Line Items] | ||||||
Net income | $ 28,072,000 | $ 11,915,000 | $ 17,297,000 | |||
Peoples Bankshares Inc [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Percentage of ownership acquired | 100.00% | |||||
Business Acquisition, Share Price, Number Of Shares | 465,931 | |||||
Value of assets acquired | 133,000,000 | |||||
Value of liabilities acquired | 113,000,000 | |||||
Revenues, Net of Interest Expense | 3,600,000 | |||||
Net income | $ 21,000 | |||||
First Century Bankshares, Inc [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Percentage of ownership acquired | 100.00% | |||||
Value of assets acquired | $ 406,000,000 | |||||
Value of liabilities acquired | $ 361,000,000 | |||||
Cash Consideration [Member] | Peoples Bankshares Inc [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Consideration paid in acquisition | $ 12,700,000 |
Acquisitions Financial Effects
Acquisitions Financial Effects of Purchase Accounting Adjustments (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Business Acquisition [Line Items] | ||
Interest and Fees on Loans | $ 386 | $ 825 |
Interest Expense on Deposits | 205 | 237 |
Amortization of Intangibles | (1,471) | (1,210) |
Income Before Income Tax Expense | $ (880) | $ (148) |
Fair Value Measurements (Narrat
Fair Value Measurements (Narrative) (Details) | 12 Months Ended |
Dec. 31, 2018 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Threshold Period for Ordering Appraisal on Impaired Loans, Length of Existing Appraisal | 12 months |
Length of Time Generally Receive New Appraisal Post Impairment | 3 months |
Length of Time Generally Receive New Appraisal on Foreclosed Properties | 18 months |
Minimum [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Discount to sell collateral | 7.00% |
Maximum [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Discount to sell collateral | 10.00% |
Fair Value Measurements (Assets
Fair Value Measurements (Assets And Liabilities Recorded At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | $ 293,147 | $ 328,586 |
U.S. Government and agencies and corporations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 26,140 | 31,613 |
Government-sponsored agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 80,309 | 121,321 |
Nongovernment-sponsored entities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 614 | 2,077 |
Corporate debt securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 14,512 | 16,245 |
Asset-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 25,175 | |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 293,147 | 328,586 |
Fair Value, Measurements, Recurring [Member] | U.S. Government and agencies and corporations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 26,140 | 31,613 |
Fair Value, Measurements, Recurring [Member] | Government-sponsored agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 80,309 | 121,321 |
Fair Value, Measurements, Recurring [Member] | Nongovernment-sponsored entities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 614 | 2,077 |
Fair Value, Measurements, Recurring [Member] | State and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 19,243 | 17,677 |
Fair Value, Measurements, Recurring [Member] | Corporate debt securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 14,512 | 16,245 |
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 25,175 | |
Fair Value, Measurements, Recurring [Member] | Tax-exempt state and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 127,154 | 139,653 |
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Hedge Assets | 555 | 312 |
Fair Value Hedge Liabilities | 411 | 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] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | U.S. Government and agencies and corporations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt 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] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Nongovernment-sponsored entities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | State and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt 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] | ||
Debt 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] | ||
Debt Securities, Available-for-sale | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Tax-exempt state and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt 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] | ||
Fair Value Hedge Assets | 0 | 0 |
Fair Value Hedge Liabilities | 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] | ||
Debt Securities, Available-for-sale | 293,147 | 328,586 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. Government and agencies and corporations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 26,140 | 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] | ||
Debt Securities, Available-for-sale | 80,309 | 121,321 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Nongovernment-sponsored entities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 614 | 2,077 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | State and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 19,243 | 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] | ||
Debt Securities, Available-for-sale | 14,512 | 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] | ||
Debt Securities, Available-for-sale | 25,175 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Tax-exempt state and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 127,154 | 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] | ||
Fair Value Hedge Assets | 555 | 312 |
Fair Value Hedge Liabilities | 411 | 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] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | U.S. Government and agencies and corporations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt 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] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Nongovernment-sponsored entities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | State and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt 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] | ||
Debt 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] | ||
Debt Securities, Available-for-sale | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Tax-exempt state and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt 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] | ||
Fair Value Hedge Assets | 0 | 0 |
Fair Value Hedge Liabilities | $ 0 | $ 0 |
Fair Value Measurements (Asse_2
Fair Value Measurements (Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Residential mortgage loans held for sale | $ 400 | $ 0 |
Collateral-dependent impaired loans | 4,602 | 1,661 |
Property held for sale | 18,443 | 17,992 |
Commercial [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 2,660 | |
Commercial real estate [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 420 | 518 |
Property held for sale | 1,677 | 1,493 |
Construction and development [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 759 | 940 |
Property held for sale | 16,363 | 16,177 |
Residential real estate [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 763 | 203 |
Property held for sale | 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 |
Property held for sale | 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 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Property held for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Construction and development [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Property held for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Residential real estate [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Property held for sale | 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 | 400 | 0 |
Collateral-dependent impaired loans | 4,553 | 1,661 |
Property held for sale | 18,443 | 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 | 2,611 | |
Fair Value, Inputs, Level 2 [Member] | Commercial real estate [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 420 | 518 |
Property held for sale | 1,677 | 1,493 |
Fair Value, Inputs, Level 2 [Member] | Construction and development [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 759 | 940 |
Property held for sale | 16,363 | 16,177 |
Fair Value, Inputs, Level 2 [Member] | Residential real estate [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 763 | 203 |
Property held for sale | 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 |
Property held for sale | 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 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Property held for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Construction and development [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Property held for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Residential real estate [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Property held for sale | $ 0 | $ 0 |
Fair Value Measurements (Carryi
Fair Value Measurements (Carrying Values And Estimated Fair Values Of Financial Instruments) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | $ 293,147 | $ 328,586 |
Loans held for sale, net | 400 | 0 |
Carrying Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 59,540 | 52,631 |
Debt Securities, Available-for-sale | 293,147 | 328,586 |
Other investments | 16,635 | 15,071 |
Loans held for sale, net | 400 | 0 |
Loans, net | 1,682,005 | 1,593,744 |
Accrued interest receivable | 8,708 | 8,329 |
Derivative Asset | 555 | 312 |
Total assets | 2,060,990 | 1,998,673 |
Deposits | 1,634,826 | 1,600,601 |
Short-term borrowings | 309,084 | 250,499 |
Long-term borrowings | 735 | 45,751 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Accrued interest payable | 1,102 | 987 |
Derivative financial liabilities | 411 | 2,057 |
Total liabilities | 1,965,747 | 1,919,484 |
Estimated Fair Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 59,540 | 52,631 |
Debt Securities, Available-for-sale | 293,147 | 328,586 |
Other investments | 16,635 | 15,071 |
Loans held for sale, net | 400 | 0 |
Loans, net | 1,666,834 | 1,592,821 |
Accrued interest receivable | 8,708 | 8,329 |
Derivative Asset | 555 | 312 |
Total assets | 2,045,819 | 1,997,750 |
Deposits | 1,631,456 | 1,620,033 |
Short-term borrowings | 309,084 | 250,499 |
Long-term borrowings | 843 | 46,530 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Accrued interest payable | 1,102 | 987 |
Derivative financial liabilities | 411 | 2,057 |
Total liabilities | 1,962,485 | 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 |
Debt Securities, Available-for-sale | 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 | 400 | 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 | 59,540 | 52,631 |
Debt Securities, Available-for-sale | 293,147 | 328,586 |
Other investments | 16,635 | 15,071 |
Loans held for sale, net | 400 | 0 |
Loans, net | 4,553 | 1,661 |
Accrued interest receivable | 8,708 | 8,329 |
Derivative Asset | 555 | 312 |
Total assets | 383,538 | 406,590 |
Deposits | 1,631,456 | 1,620,033 |
Short-term borrowings | 309,084 | 250,499 |
Long-term borrowings | 843 | 46,530 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Accrued interest payable | 1,102 | 987 |
Derivative financial liabilities | 411 | 2,057 |
Total liabilities | 1,962,485 | 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 |
Debt Securities, Available-for-sale | 0 | 0 |
Other investments | 0 | 0 |
Loans held for sale, net | 0 | 0 |
Loans, net | 1,662,281 | 1,591,160 |
Accrued interest receivable | 0 | 0 |
Derivative Asset | 0 | 0 |
Total assets | 1,662,281 | 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 |
Securities (Summary Of Amortize
Securities (Summary Of Amortized Cost, Unrealized Gains, Unrealized Losses And Estimated Fair Values) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | $ 294,251 | $ 324,771 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 1,907 | 5,329 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 3,011 | 1,514 |
Debt Securities, Available-for-sale | 293,147 | 328,586 |
U.S. Government and agencies and corporations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 26,303 | 31,260 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 203 | 498 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 366 | 145 |
Debt Securities, Available-for-sale | 26,140 | 31,613 |
Government-sponsored agencies [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 80,883 | 120,948 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 603 | 1,276 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 1,177 | 903 |
Debt Securities, Available-for-sale | 80,309 | 121,321 |
Nongovernment-sponsored entities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 611 | 2,045 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 4 | 39 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 1 | 7 |
Debt Securities, Available-for-sale | 614 | 2,077 |
State and Political Subdivisions General Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 6,081 | 6,090 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 126 | 55 |
Debt Securities, Available-for-sale | 5,955 | 6,035 |
State and policital subdivisions, Other revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 13,457 | 11,657 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 17 | 47 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 186 | 62 |
Debt Securities, Available-for-sale | 13,288 | 11,642 |
Corporate debt securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 14,807 | 16,375 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 9 | 0 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 304 | 130 |
Debt Securities, Available-for-sale | 14,512 | 16,245 |
Asset-backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 25,288 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 10 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 123 | |
Debt Securities, Available-for-sale | 25,175 | |
Total taxable debt securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 167,430 | 188,375 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 846 | 1,860 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 2,283 | 1,302 |
Debt Securities, Available-for-sale | 165,993 | 188,933 |
Tax Exempt State and Political Subdivisions General Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 65,626 | 65,560 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 624 | 1,530 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 344 | 198 |
Debt Securities, Available-for-sale | 65,906 | 66,892 |
Tax Exempt State and Political Subdivisions Water and Sewer Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 20,018 | 23,108 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 225 | 566 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 98 | 3 |
Debt Securities, Available-for-sale | 20,145 | 23,671 |
Tax Exempt State and Political Subdivisions Lease Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 10,980 | 13,024 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 135 | 451 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 7 | 2 |
Debt Securities, Available-for-sale | 11,108 | 13,473 |
Tax Exempt State and Political Subdivisions Electric Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 6,205 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 128 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 0 | |
Debt Securities, Available-for-sale | 6,333 | |
Tax Exempt State and Political Subdivisions Sales Tax Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 4,126 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 140 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 0 | |
Debt Securities, Available-for-sale | 4,266 | |
Tax Exempt State and Political Subdivisions University Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 5,272 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 38 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 9 | |
Debt Securities, Available-for-sale | 5,301 | |
Tax Exempt State and Political Subdivisions Other Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 30,197 | 19,101 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 77 | 616 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 279 | 0 |
Debt Securities, Available-for-sale | 29,995 | 19,717 |
Total tax-exempt debt securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 126,821 | 136,396 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 1,061 | 3,469 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 728 | 212 |
Debt Securities, Available-for-sale | $ 127,154 | $ 139,653 |
Securities (Summary of Volume o
Securities (Summary of Volume of State and Political Subdivision Securities Held in Portfolio) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | $ 294,251 | $ 324,771 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 1,907 | 5,329 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 3,011 | 1,514 |
Debt Securities, Available-for-sale | 293,147 | $ 328,586 |
TEXAS | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 15,473 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 147 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 47 | |
Debt Securities, Available-for-sale | 15,573 | |
MICHIGAN [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 15,685 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 121 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 137 | |
Debt Securities, Available-for-sale | 15,669 | |
CALIFORNIA | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 17,858 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 208 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 86 | |
Debt Securities, Available-for-sale | 17,980 | |
ILLINOIS | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 12,342 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 94 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 114 | |
Debt Securities, Available-for-sale | 12,322 | |
West Virginia [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 13,171 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 89 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 66 | |
Debt Securities, Available-for-sale | $ 13,194 |
Securities (Summary Of Proceeds
Securities (Summary Of Proceeds From Sales, Calls And Maturities, Principal Payments, Gains And Losses Of Securities) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Debt Securities, Available-for-sale [Abstract] | |||
Proceeds from Sale of Debt Securities, Available-for-sale | $ 107,559 | $ 152,882 | $ 72,453 |
Securities available for sale, Proceeds from Calls and Maturities | 1,145 | 2,700 | 3,235 |
Securities available for sale, Proceeds from Principal Payments | 24,814 | 31,902 | 35,881 |
Debt Securities, Available-for-sale, Realized Gain | 1,785 | 685 | 1,422 |
Debt Securities, Available-for-sale, Realized Loss | $ 1,163 | $ 699 | $ 295 |
Securities (Summary Of Maturiti
Securities (Summary Of Maturities, Amortized Cost And Estimated Fair Values Of Securities) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Debt Securities, Available-for-sale [Abstract] | ||
Due in one year or less, Amortized Cost | $ 27,679 | |
Due from one to five years, Amortized Cost | 57,718 | |
Due from five to ten years, Amortized Cost | 48,085 | |
Due after ten years, Amortized Cost | 160,769 | |
Total Amortized Cost | 294,251 | $ 324,771 |
Due in one year or less, Estimated Fair Value | 27,635 | |
Due from one to five years, Estimated Fair Value | 57,519 | |
Due from five to ten years, Estimated Fair Value | 47,205 | |
Due after ten years, Estimated Fair Value | 160,788 | |
Total Estimated Fair Value | $ 293,147 | $ 328,586 |
Securities (Narrative) (Details
Securities (Narrative) (Details) $ in Millions | 12 Months Ended | |
Dec. 31, 2018USD ($)securitystate | Dec. 31, 2017USD ($)security | |
Debt Securities, Available-for-sale [Line Items] | ||
State and Political Subdivisions Securities, Number of States with Highest Volume | state | 5 | |
Securities pledged to secure public deposits and other purposes | $ | $ 58.6 | $ 113.1 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 134 | 82 |
Residential Mortgage Backed Securities [Member] | Minimum [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Contractual maturity | 1 year | |
Estimated average life to maturity | 2 months | |
Residential Mortgage Backed Securities [Member] | Maximum [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Contractual maturity | 50 years | |
Estimated average life to maturity | 34 years |
Securities (Summary Of Securiti
Securities (Summary Of Securities Available For Sale In Unrealized Loss Position) (Details) $ in Thousands | Dec. 31, 2018USD ($)security | Dec. 31, 2017USD ($)security |
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 134 | 82 |
Less than 12 months, Estimated Fair Value | $ 65,199 | |
Less than 12 months, Unrealized Loss | 550 | |
12 months or more, Estimated Fair Value | 37,384 | |
12 months or more, Unrealized Loss | 964 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 102,583 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 1,514 | |
Temporarily Impaired Securities Member | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 134 | 82 |
Less than 12 months, Estimated Fair Value | $ 75,442 | $ 65,199 |
Less than 12 months, Unrealized Loss | 791 | 550 |
12 months or more, Estimated Fair Value | 84,860 | 37,384 |
12 months or more, Unrealized Loss | 2,220 | 964 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 160,302 | 102,583 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 3,011 | $ 1,514 |
Temporarily Impaired Securities Member | U.S. Government and agencies and corporations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 15 | 9 |
Less than 12 months, Estimated Fair Value | $ 12,185 | $ 10,864 |
Less than 12 months, Unrealized Loss | 184 | 91 |
12 months or more, Estimated Fair Value | 7,464 | 2,394 |
12 months or more, Unrealized Loss | 182 | 54 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 19,649 | 13,258 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 366 | $ 145 |
Temporarily Impaired Securities Member | Government-sponsored agencies [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 37 | 35 |
Less than 12 months, Estimated Fair Value | $ 23,277 | $ 32,156 |
Less than 12 months, Unrealized Loss | 241 | 269 |
12 months or more, Estimated Fair Value | 24,472 | 22,584 |
12 months or more, Unrealized Loss | 936 | 634 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 47,749 | 54,740 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 1,177 | $ 903 |
Temporarily Impaired Securities Member | Nongovernment-sponsored entities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 1 | 1 |
Less than 12 months, Estimated Fair Value | $ 0 | $ 5 |
Less than 12 months, Unrealized Loss | 0 | 0 |
12 months or more, Estimated Fair Value | 436 | 810 |
12 months or more, Unrealized Loss | 1 | 7 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 436 | 815 |
Debt Securities, Available-for-sale, 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] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 8 | 9 |
Less than 12 months, Estimated Fair Value | $ 0 | $ 6,035 |
Less than 12 months, Unrealized Loss | 0 | 55 |
12 months or more, Estimated Fair Value | 5,222 | 0 |
12 months or more, Unrealized Loss | 126 | 0 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 5,222 | 6,035 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 126 | $ 55 |
Temporarily Impaired Securities Member | State and political subdivisions, Other revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 11 | 9 |
Less than 12 months, Estimated Fair Value | $ 968 | $ 7,532 |
Less than 12 months, Unrealized Loss | 16 | 62 |
12 months or more, Estimated Fair Value | 9,450 | 0 |
12 months or more, Unrealized Loss | 170 | 0 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 10,418 | 7,532 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 186 | $ 62 |
Temporarily Impaired Securities Member | Corporate debt securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 7 | 4 |
Less than 12 months, Estimated Fair Value | $ 2,759 | $ 3,008 |
Less than 12 months, Unrealized Loss | 109 | 39 |
12 months or more, Estimated Fair Value | 4,587 | 1,659 |
12 months or more, Unrealized Loss | 195 | 91 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 7,346 | 4,667 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 304 | $ 130 |
Temporarily Impaired Securities Member | Asset-backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 9 | |
Less than 12 months, Estimated Fair Value | $ 20,129 | |
Less than 12 months, Unrealized Loss | 123 | |
12 months or more, Estimated Fair Value | 0 | |
12 months or more, Unrealized Loss | 0 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 20,129 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 123 | |
Temporarily Impaired Securities Member | Tax Exempt State and Political Subdivisions General Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 25 | 12 |
Less than 12 months, Estimated Fair Value | $ 7,273 | $ 2,999 |
Less than 12 months, Unrealized Loss | 50 | 20 |
12 months or more, Estimated Fair Value | 16,830 | 9,937 |
12 months or more, Unrealized Loss | 294 | 178 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 24,103 | 12,936 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 344 | $ 198 |
Temporarily Impaired Securities Member | Tax Exempt State and Political Subdivisions Water and Sewer Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 7 | 1 |
Less than 12 months, Estimated Fair Value | $ 989 | $ 282 |
Less than 12 months, Unrealized Loss | 6 | 3 |
12 months or more, Estimated Fair Value | 4,311 | 0 |
12 months or more, Unrealized Loss | 92 | 0 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 5,300 | 282 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 98 | $ 3 |
Temporarily Impaired Securities Member | Tax Exempt State and Political Subdivisions Lease Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 2 | 1 |
Less than 12 months, Estimated Fair Value | $ 553 | $ 569 |
Less than 12 months, Unrealized Loss | 0 | 2 |
12 months or more, Estimated Fair Value | 557 | 0 |
12 months or more, Unrealized Loss | 7 | 0 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 1,110 | 569 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 7 | $ 2 |
Temporarily Impaired Securities Member | Tax Exempt State and Political Subdivisions University Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 1 | |
Less than 12 months, Estimated Fair Value | $ 1,749 | |
Less than 12 months, Unrealized Loss | 9 | |
12 months or more, Estimated Fair Value | 0 | |
12 months or more, Unrealized Loss | 0 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 1,749 | |
Debt Securities, Available-for-sale, 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] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 12 | |
Less than 12 months, Estimated Fair Value | $ 7,309 | |
Less than 12 months, Unrealized Loss | 62 | |
12 months or more, Estimated Fair Value | 11,531 | |
12 months or more, Unrealized Loss | 217 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 18,840 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 279 |
Other Investments Other Inves_2
Other Investments Other Investment (Narrative) (Details) | 12 Months Ended | ||
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Investments, All Other Investments [Abstract] | |||
Equity Securities without Readily Determinable Fair Value, Amount | $ 137,000 | $ 137,000 | |
Federal Home Loan Bank Stock | $ 13,100,000 | 11,000,000 | |
Number of Limited Partnerships | 2 | ||
Investment in a limited partnership | $ 3,350,000 | 3,890,000 | |
Investment Tax Credit | 1,544,000 | 927,000 | $ 269,000 |
Amortization on Investment in Limited Partnership | $ 1,270,000 | $ 680,000 | $ 214,000 |
Loans (Narrative) (Details)
Loans (Narrative) (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Loans and Leases Receivable Disclosure [Abstract] | |||
Concentrations of Loans to any Single Industry in Excess of Ten Percent of Total Loans | $ 0 | $ 0 | |
Threshold Period Past Due for Loans to be Default | 30 days | ||
Residential real estate loan threshold for jumbo loans | $ 600,000 | ||
Threshold period past due for nonaccrual status of financing receivable | 90 days | ||
Threshold period past due for write-off of credit card loans | 180 days | ||
Threshold period special event notification for writeoff of financing receivable | 60 days | ||
Threshold period past due for writeoff of residential mortgage loans | 180 days | ||
Threshold period for writeoff of collateralized consumer loans | 120 days | ||
Risk rate loans, aggregate balance threshold | $ 2,500,000 | ||
Risk rate loans, loan balance threshold | 500,000 | ||
Average impaired balance | 37,972,000 | 35,646,000 | $ 37,900,000 |
Interest income recognized while impaired | 1,680,000 | 2,232,000 | $ 1,300,000 |
Troubled debt restructurings included in impaired loans | 27,000,000 | $ 28,400,000 | |
Current Troubled debt restructurings included in impaired loans | 26,600,000 | ||
Non Homogenous Commercial Loan Relationship, Annual Loan Review, Threshold | 2,500,000 | ||
Threshold for related party loans | $ 60,000 |
Loans (Summary Of Loans, Net Of
Loans (Summary Of Loans, Net Of Unearned Fees) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | $ 1,695,052 | $ 1,606,309 |
Less allowance for loan losses | 13,047 | 12,565 |
Loans, net | 1,682,005 | 1,593,744 |
Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 194,315 | 189,981 |
Owner Occupied [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 266,362 | 250,202 |
Non Owner Occupied [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 564,826 | 484,902 |
Land And Land Improvements [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 68,833 | 67,219 |
Construction Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 24,731 | 33,412 |
Non Jumbo [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 336,977 | 354,101 |
Jumbo [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 73,599 | 62,267 |
Home Equity [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 80,910 | 84,028 |
Mortgage Warehouse Lines [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 39,140 | 30,757 |
Consumer Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | 32,460 | 36,202 |
Other Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans, net of unearned fees | $ 12,899 | $ 13,238 |
Loans Loans (Schedule of Acquir
Loans Loans (Schedule of Acquired Loans) (Details) - USD ($) $ in Thousands | Dec. 31, 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 | $ 142,442 | $ 226,054 |
Acquired Loans Carrying Value | 140,198 | 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 | 3,934 | 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 | 16,133 | 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 | 24,593 | 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 | 5,161 | 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 | 79,268 | 111,055 |
Jumbo [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 3,552 | 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 | 2,805 | 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 | 4,630 | 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 | 122 | 211 |
Purchased Nonimpaired Loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Purchased Performing Outstanding Balance | 138,167 | 220,131 |
Acquired Loans Purchased Performing Carrying Value | 136,687 | 218,304 |
Purchased Nonimpaired Loans [Member] | Commercial Portfolio Segment [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Purchased Performing Carrying Value | 3,934 | 25,125 |
Purchased 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 | 16,133 | 21,893 |
Purchased 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 | 23,431 | 33,293 |
Purchased 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 | 5,161 | 7,512 |
Purchased 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 |
Purchased 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 | 77,894 | 109,570 |
Purchased 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 | 2,577 | 3,400 |
Purchased 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 | 2,805 | 3,311 |
Purchased 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 | 4,630 | 11,229 |
Purchased 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 | 122 | 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 | 4,275 | 5,923 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 3,511 | 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 | 0 | 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 | 1,162 | 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 | 1,374 | 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 | 975 | 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 |
Loans Loans (Summary of Change
Loans Loans (Summary of Change in Accretable Yield PCI Loans (Details) - Purchased Impaired Loans [Member] - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Summary of Change in Accretable Yield PCI Loans [Line Items] | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield | $ 632 | $ 745 | $ 290 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | (115) | (162) | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Reclassifications from Nonaccretable Difference | 0 | (31) | |
Certain Loans Acquired in Transfer Not Accounting for as Debt Securities Accretable Yield Other Changes, Net | 2 | (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 | $ 661 |
Loans (Loan Maturities) (Detail
Loans (Loan Maturities) (Details) $ in Thousands | Dec. 31, 2018USD ($) |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loan maturities, Within 1 Year | $ 231,195 |
Loan maturities, After 1 but within 5 Years | 276,577 |
Loan maturities, After 5 Years | 1,187,280 |
Loans due after one year with: Variable rates | 546,499 |
Loans due after one year with: Fixed rates | 917,358 |
Loans due after one year | 1,463,857 |
Commercial Loan [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loan maturities, Within 1 Year | 96,076 |
Loan maturities, After 1 but within 5 Years | 63,124 |
Loan maturities, After 5 Years | 35,115 |
Commercial Real Estate Portfolio Segment [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loan maturities, Within 1 Year | 37,675 |
Loan maturities, After 1 but within 5 Years | 113,790 |
Loan maturities, After 5 Years | 679,723 |
Construction Loans [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loan maturities, Within 1 Year | 29,718 |
Loan maturities, After 1 but within 5 Years | 23,207 |
Loan maturities, After 5 Years | 40,639 |
Residential Portfolio Segment [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loan maturities, Within 1 Year | 22,176 |
Loan maturities, After 1 but within 5 Years | 50,982 |
Loan maturities, After 5 Years | 418,328 |
Mortgage Warehouse Lines [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loan maturities, Within 1 Year | 39,140 |
Loan maturities, After 1 but within 5 Years | 0 |
Loan maturities, After 5 Years | 0 |
Consumer Portfolio Segment [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loan maturities, Within 1 Year | 5,181 |
Loan maturities, After 1 but within 5 Years | 23,172 |
Loan maturities, After 5 Years | 4,107 |
Other Loans [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loan maturities, Within 1 Year | 1,229 |
Loan maturities, After 1 but within 5 Years | 2,302 |
Loan maturities, After 5 Years | $ 9,368 |
Loans (Schedule Of Contractual
Loans (Schedule Of Contractual Aging Of Recorded Investment In Past Due Loans By Class) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | $ 19,693 | $ 23,727 |
Current | 1,675,359 | 1,582,582 |
Recorded Investment greater then 90 days and Accruing | 36 | 274 |
Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 788 | 815 |
Current | 193,527 | 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, Total | 612 | 1,295 |
Current | 265,750 | 248,907 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 2,167 | 2,584 |
Current | 562,659 | 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, Total | 3,368 | 4,695 |
Current | 65,465 | 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, Total | 0 | 0 |
Current | 24,731 | 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, Total | 10,108 | 11,050 |
Current | 326,869 | 343,051 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 675 | 0 |
Current | 72,924 | 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, Total | 1,196 | 2,508 |
Current | 79,714 | 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, Total | 0 | 0 |
Current | 39,140 | 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, Total | 748 | 780 |
Current | 31,712 | 35,422 |
Recorded Investment greater then 90 days and Accruing | 36 | 37 |
Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 31 | 0 |
Current | 12,868 | 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, Total | 6,007 | 9,230 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 254 | 488 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 0 | 626 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 156 | 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, Total | 190 | 1,132 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Non Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 4,120 | 4,220 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 754 | 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, Total | 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, Total | 502 | 417 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 31 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 2,927 | 2,985 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 51 | 98 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 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, Total | 255 | 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, Total | 4 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Non Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 2,235 | 2,379 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 261 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 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, Total | 121 | 196 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 10,759 | 11,512 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due, Total | 483 | 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, Total | 612 | 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, Total | 1,756 | 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, Total | 3,174 | 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, Total | 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, Total | 3,753 | 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, Total | 675 | 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, Total | 181 | 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, Total | 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, Total | 125 | 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, Total | $ 0 | $ 0 |
Loans (Schedule Of Nonaccrual L
Loans (Schedule Of Nonaccrual Loans Included In Net Balance Of Loans) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | $ 14,989 | $ 15,049 |
Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 935 | 696 |
Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 1,028 | 726 |
Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 2,210 | 2,201 |
Land And Land Improvements [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 3,198 | 3,569 |
Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 0 | 0 |
Non Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 6,532 | 6,944 |
Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 675 | 0 |
Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 299 | 712 |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | $ 112 | $ 201 |
Loans (Schedule Of Loans Indivi
Loans (Schedule Of Loans Individually Evaluated For Impairment) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | $ 43,356 | $ 37,805 | |
Unpaid Principal Balance | 43,607 | 37,824 | |
Related Allowance | 2,142 | 1,590 | |
Average Impaired Balance | 37,972 | 35,646 | $ 37,900 |
Interest Income Recognized while impaired | 1,680 | 2,232 | $ 1,300 |
Commercial Loan [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 1,019 | 243 | |
Without a related allowance, Unpaid Principal Balance | 1,253 | 243 | |
Without a related allowance, Average Impaired Balance | 321 | 259 | |
Without a related allowance, Interest Income Recognized while impaired | 16 | 13 | |
With a related allowance, Recorded Investment | 3,343 | 252 | |
With a related allowance, Unpaid Principal Balance | 3,342 | 252 | |
With a related allowance, Related Allowance | 682 | 252 | |
With a related allowance, Average Impaired Balance | 705 | 262 | |
With a related allowance, Interest Income Recognized while impaired | 39 | 0 | |
Owner Occupied [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 8,600 | 7,109 | |
Without a related allowance, Unpaid Principal Balance | 8,605 | 7,111 | |
Without a related allowance, Average Impaired Balance | 7,730 | 5,149 | |
Without a related allowance, Interest Income Recognized while impaired | 318 | 265 | |
With a related allowance, Recorded Investment | 2,969 | 2,436 | |
With a related allowance, Unpaid Principal Balance | 2,969 | 2,436 | |
With a related allowance, Related Allowance | 462 | 125 | |
With a related allowance, Average Impaired Balance | 2,397 | 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 | 9,666 | 9,105 | |
Without a related allowance, Unpaid Principal Balance | 9,673 | 9,106 | |
Without a related allowance, Average Impaired Balance | 9,753 | 9,736 | |
Without a related allowance, Interest Income Recognized while impaired | 493 | 684 | |
With a related allowance, Recorded Investment | 189 | 1,338 | |
With a related allowance, Unpaid Principal Balance | 191 | 1,344 | |
With a related allowance, Related Allowance | 9 | 517 | |
With a related allowance, Average Impaired Balance | 226 | 676 | |
With a related allowance, Interest Income Recognized while impaired | 16 | 43 | |
Land And Land Improvements [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 4,767 | 5,018 | |
Without a related allowance, Unpaid Principal Balance | 4,767 | 5,018 | |
Without a related allowance, Average Impaired Balance | 4,947 | 4,743 | |
Without a related allowance, Interest Income Recognized while impaired | 102 | 329 | |
With a related allowance, Recorded Investment | 1,057 | 1,464 | |
With a related allowance, Unpaid Principal Balance | 1,057 | 1,464 | |
With a related allowance, Related Allowance | 298 | 524 | |
With a related allowance, Average Impaired Balance | 1,073 | 1,477 | |
With a related allowance, Interest Income Recognized while impaired | 56 | 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 | 3,279 | 4,190 | |
Without a related allowance, Unpaid Principal Balance | 3,284 | 4,199 | |
Without a related allowance, Average Impaired Balance | 3,401 | 4,214 | |
Without a related allowance, Interest Income Recognized while impaired | 180 | 240 | |
With a related allowance, Recorded Investment | 2,982 | 1,717 | |
With a related allowance, Unpaid Principal Balance | 2,981 | 1,718 | |
With a related allowance, Related Allowance | 585 | 158 | |
With a related allowance, Average Impaired Balance | 2,539 | 1,691 | |
With a related allowance, Interest Income Recognized while impaired | 98 | 100 | |
Jumbo [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Without a related allowance, Recorded Investment | 4,132 | 3,555 | |
Without a related allowance, Unpaid Principal Balance | 4,130 | 3,554 | |
Without a related allowance, Average Impaired Balance | 3,517 | 3,592 | |
Without a related allowance, Interest Income Recognized while impaired | 166 | 228 | |
With a related allowance, Recorded Investment | 821 | 838 | |
With a related allowance, Unpaid Principal Balance | 822 | 839 | |
With a related allowance, Related Allowance | 106 | 14 | |
With a related allowance, Average Impaired Balance | 827 | 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 | 9 | 17 | |
Without a related allowance, Unpaid Principal Balance | 10 | 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 | 31,995 | 29,760 | |
Without a related allowance, Unpaid Principal Balance | 32,245 | 29,771 | |
Without a related allowance, Average Impaired Balance | 30,205 | 28,244 | |
Without a related allowance, Interest Income Recognized while impaired | 1,306 | 1,797 | |
Total With a Related Allowance | |||
Financing Receivable, Impaired [Line Items] | |||
With a related allowance, Recorded Investment | 11,361 | 8,045 | |
With a related allowance, Unpaid Principal Balance | 11,362 | 8,053 | |
With a related allowance, Related Allowance | 2,142 | 1,590 | |
With a related allowance, Average Impaired Balance | 7,767 | 7,402 | |
With a related allowance, Interest Income Recognized while impaired | 374 | 435 | |
Total Commercial | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 31,610 | 26,965 | |
Unpaid Principal Balance | 31,857 | 26,974 | |
Related Allowance | 1,451 | 1,418 | |
Average Impaired Balance | 27,152 | 24,753 | |
Interest Income Recognized while impaired | 1,157 | 1,569 | |
Total Residential Real Estate | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 11,737 | 10,823 | |
Unpaid Principal Balance | 11,740 | 10,833 | |
Related Allowance | 691 | 172 | |
Average Impaired Balance | 10,807 | 10,865 | |
Interest Income Recognized while impaired | 522 | 660 | |
Total Consumer | |||
Financing Receivable, Impaired [Line Items] | |||
Recorded Investment | 9 | 17 | |
Unpaid Principal Balance | 10 | 17 | |
Related Allowance | 0 | 0 | |
Average Impaired Balance | 13 | 28 | |
Interest Income Recognized while impaired | $ 1 | $ 3 |
Loans (Schedule Of Restructured
Loans (Schedule Of Restructured Trouble Debt Restructuring By Class) (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018USD ($)contract | Dec. 31, 2017USD ($)contract | |
Financing Receivable, Modifications [Line Items] | ||
Number of Modifications | contract | 12 | 8 |
Pre-modification Recorded Investment | $ 1,239 | $ 3,871 |
Post-modification Recorded Investment | $ 1,239 | $ 3,871 |
Commercial Loan [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Modifications | contract | 2 | 0 |
Pre-modification Recorded Investment | $ 157 | $ 0 |
Post-modification Recorded Investment | $ 157 | $ 0 |
Owner Occupied [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Modifications | contract | 0 | 1 |
Pre-modification Recorded Investment | $ 0 | $ 2,302 |
Post-modification Recorded Investment | $ 0 | $ 2,302 |
Non Owner Occupied [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Modifications | contract | 2 | 2 |
Pre-modification Recorded Investment | $ 183 | $ 489 |
Post-modification Recorded Investment | $ 183 | $ 489 |
Land And Land Improvements [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Modifications | contract | 0 | 1 |
Pre-modification Recorded Investment | $ 0 | $ 438 |
Post-modification Recorded Investment | $ 0 | $ 438 |
Non Jumbo [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Number of Modifications | contract | 8 | 4 |
Pre-modification Recorded Investment | $ 899 | $ 642 |
Post-modification Recorded Investment | $ 899 | $ 642 |
Loans (Schedule Of Defaults Dur
Loans (Schedule Of Defaults During Stated Period Of Trouble Debt Restructurings) (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018USD ($)contract | Dec. 31, 2017USD ($)contract | |
Financing Receivable, Impaired [Line Items] | ||
Number of Defaults | contract | 9 | 5 |
Recorded Investment at Default Date | $ | $ 1,004 | $ 3,495 |
Commercial Loan [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Number of Defaults | contract | 2 | 0 |
Recorded Investment at Default Date | $ | $ 157 | $ 0 |
Owner Occupied [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Number of Defaults | contract | 0 | 1 |
Recorded Investment at Default Date | $ | $ 0 | $ 2,291 |
Land And Land Improvements [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Number of Defaults | contract | 0 | 1 |
Recorded Investment at Default Date | $ | $ 0 | $ 437 |
Non Jumbo [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Number of Defaults | contract | 7 | 3 |
Recorded Investment at Default Date | $ | $ 847 | $ 767 |
Loans (Schedule of the Activity
Loans (Schedule of the Activity Regarding TDRs by Loan Type) (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | $ 28,363 |
Additions | 1,239 |
Charge-offs | (55) |
Net (paydowns) advances | (2,550) |
Transfer into OREO | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 26,997 |
Allowance related to troubled debt restructurings | 879 |
Land And Land Improvements [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 3,043 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | (389) |
Transfer into OREO | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 2,654 |
Allowance related to troubled debt restructurings | 298 |
Construction [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 0 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | 0 |
Transfer into OREO | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 0 |
Allowance related to troubled debt restructurings | 0 |
Commercial Loan [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 412 |
Additions | 157 |
Charge-offs | 0 |
Net (paydowns) advances | (296) |
Transfer into OREO | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 273 |
Allowance related to troubled debt restructurings | 9 |
Owner Occupied [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 9,545 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | (180) |
Transfer into OREO | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 9,365 |
Allowance related to troubled debt restructurings | 270 |
Non Owner Occupied [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 5,234 |
Additions | 183 |
Charge-offs | 0 |
Net (paydowns) advances | (13) |
Transfer into OREO | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 5,404 |
Allowance related to troubled debt restructurings | 8 |
Non Jumbo [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 5,195 |
Additions | 899 |
Charge-offs | (55) |
Net (paydowns) advances | (1,549) |
Transfer into OREO | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 4,490 |
Allowance related to troubled debt restructurings | 189 |
Jumbo [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 4,393 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | (115) |
Transfer into OREO | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 4,278 |
Allowance related to troubled debt restructurings | 105 |
Home Equity Line of Credit [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 523 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | 0 |
Transfer into OREO | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 523 |
Allowance related to troubled debt restructurings | 0 |
Mortgage Warehouse Lines [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 0 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | 0 |
Transfer into OREO | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 0 |
Allowance related to troubled debt restructurings | 0 |
Consumer Portfolio Segment [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 18 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | (8) |
Transfer into OREO | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 10 |
Allowance related to troubled debt restructurings | 0 |
Other Loans [Member] | |
Troubled Debt Restructurings [Roll Forward] | |
Troubled debt restructurings, beginning balance | 0 |
Additions | 0 |
Charge-offs | 0 |
Net (paydowns) advances | 0 |
Transfer into OREO | 0 |
Refinance out of TDR status | 0 |
Troubled debt restructurings, ending balance | 0 |
Allowance related to troubled debt restructurings | $ 0 |
Loans (Schedule Of Recorded Inv
Loans (Schedule Of Recorded Investment Evaluated Based On Internal Risk Ratings) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total | $ 1,695,052 | $ 1,606,309 |
Land And Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 68,833 | 67,219 |
Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 24,731 | 33,412 |
Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 194,315 | 189,981 |
Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 266,362 | 250,202 |
Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 564,826 | 484,902 |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 39,140 | 30,757 |
Pass [Member] | Land And Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 63,743 | 60,850 |
Pass [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 24,589 | 33,412 |
Pass [Member] | Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 182,651 | 186,941 |
Pass [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 259,360 | 242,702 |
Pass [Member] | Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 556,609 | 474,522 |
Pass [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 39,140 | 30,757 |
Special Mention [Member] | Land And Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 472 | 1,397 |
Special Mention [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 142 | 0 |
Special Mention [Member] | Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 6,748 | 2,267 |
Special Mention [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 1,864 | 3,534 |
Special Mention [Member] | Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 1,554 | 2,221 |
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 | 4,618 | 4,972 |
Substandard [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Substandard [Member] | Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 4,916 | 773 |
Substandard [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 5,138 | 3,966 |
Substandard [Member] | Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 6,663 | 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 Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Doubtful [Member] | Commercial Loan [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 Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Commercial Loan [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 | Dec. 31, 2018 | Dec. 31, 2017 |
Performing Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | $ 529,191 | $ 541,936 |
Performing Financing Receivable [Member] | Non Jumbo [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 330,445 | 347,183 |
Performing Financing Receivable [Member] | Jumbo [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 72,924 | 62,267 |
Performing Financing Receivable [Member] | Home Equity [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 80,611 | 83,316 |
Performing Financing Receivable [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 32,312 | 35,932 |
Performing Financing Receivable [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 12,899 | 13,238 |
Nonperforming Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 7,654 | 7,900 |
Nonperforming Financing Receivable [Member] | Non Jumbo [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 6,532 | 6,918 |
Nonperforming Financing Receivable [Member] | Jumbo [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 675 | 0 |
Nonperforming Financing Receivable [Member] | Home Equity [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 299 | 712 |
Nonperforming Financing Receivable [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 148 | 270 |
Nonperforming Financing Receivable [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | $ 0 | $ 0 |
Loans Loans (Activity for Relat
Loans Loans (Activity for Related Party Loans of $60,000 or More) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Loans and Leases Receivable, Related Parties [Roll Forward] | ||
Balance, beginning | $ 45,698 | $ 45,164 |
Additions | 6,750 | 13,497 |
Amounts collected | (6,992) | (11,802) |
Other changes, net | (1,557) | (1,161) |
Balance, ending | $ 43,899 | $ 45,698 |
Allowance For Loan Losses (Narr
Allowance For Loan Losses (Narrative) (Details) | 12 Months Ended |
Dec. 31, 2018USD ($)loan_poolreserve_component | |
Allowance for Loan and Lease Losses Write-offs, Net [Abstract] | |
Number of distinct reserve components | reserve_component | 3 |
Aggregate balance threshold for evaluating individual loans | $ | $ 500,000 |
Period for re-evaluation of fair value for collateral dependent loans | 12 months |
Number of loan pools for stratification | loan_pool | 11 |
Allocation of loan pool's average 12-month historical net loan charge-off | 100.00% |
Historical net loan charge-off rate | 12 months |
Allowance For Loan Losses (Summ
Allowance For Loan Losses (Summary Of Analysis Of Allowance For Loan Losses) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | $ 12,565 | $ 11,674 | $ 11,472 |
Total Losses | 2,603 | 1,288 | 1,555 |
Total Recoveries | 835 | 929 | 1,257 |
Net losses | 1,768 | 359 | 298 |
Provision for loan losses | 2,250 | 1,250 | 500 |
Ending balance | 13,047 | 12,565 | 11,674 |
Commercial Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 1,303 | 934 | |
Total Losses | 248 | 23 | 489 |
Total Recoveries | 16 | 124 | 73 |
Provision for loan losses | 634 | 268 | |
Ending balance | 1,705 | 1,303 | 934 |
Owner Occupied [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 2,424 | 2,109 | |
Total Losses | 38 | 5 | 179 |
Total Recoveries | 23 | 89 | 31 |
Provision for loan losses | (195) | 231 | |
Ending balance | 2,214 | 2,424 | 2,109 |
Non Owner Occupied [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 4,950 | 3,438 | |
Total Losses | 619 | 65 | 124 |
Total Recoveries | 0 | 91 | 17 |
Provision for loan losses | 1,411 | 1,486 | |
Ending balance | 5,742 | 4,950 | 3,438 |
Land And Land Development [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 641 | 2,263 | |
Total Losses | 259 | 3 | 127 |
Total Recoveries | 270 | 278 | 840 |
Provision for loan losses | (313) | (1,897) | |
Ending balance | 339 | 641 | 2,263 |
Construction Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 153 | 24 | |
Total Losses | 0 | 33 | 9 |
Total Recoveries | 0 | 0 | 0 |
Provision for loan losses | (89) | 162 | |
Ending balance | 64 | 153 | 24 |
Non Jumbo [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 1,911 | 2,174 | |
Total Losses | 887 | 359 | 169 |
Total Recoveries | 228 | 134 | 136 |
Provision for loan losses | 838 | (38) | |
Ending balance | 2,090 | 1,911 | 2,174 |
Jumbo [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 72 | 95 | |
Total Losses | 0 | 2 | 0 |
Total Recoveries | 25 | 0 | 6 |
Provision for loan losses | 282 | (21) | |
Ending balance | 379 | 72 | 95 |
Home Equity [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 638 | 413 | |
Total Losses | 26 | 158 | 175 |
Total Recoveries | 10 | 30 | 3 |
Provision for loan losses | (455) | 353 | |
Ending balance | 167 | 638 | 413 |
Mortgage Warehouse Lines [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 0 | 0 | |
Total Losses | 0 | 0 | 0 |
Total Recoveries | 0 | 0 | 0 |
Provision for loan losses | 0 | 0 | |
Ending balance | 0 | 0 | 0 |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 210 | 121 | |
Total Losses | 244 | 389 | 98 |
Total Recoveries | 141 | 82 | 76 |
Provision for loan losses | (28) | 396 | |
Ending balance | 79 | 210 | 121 |
Other | |||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||
Beginning balance | 263 | 103 | |
Total Losses | 282 | 251 | 185 |
Total Recoveries | 122 | 101 | 75 |
Provision for loan losses | 165 | 310 | |
Ending balance | $ 268 | $ 263 | $ 103 |
Allowance For Loan Losses (Su_2
Allowance For Loan Losses (Summary Of Net Unearned Income) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2018 | Dec. 31, 2017 | |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||
Beginning balance | $ 12,565 | $ 11,674 | $ 11,472 | ||
Total Losses | (2,603) | (1,288) | (1,555) | ||
Total Recoveries | 835 | 929 | 1,257 | ||
Provision for loan losses | 2,250 | 1,250 | 500 | ||
Ending balance | 13,047 | 12,565 | 11,674 | ||
Allowance related to: Loans individually evaluated for impairment | $ 2,142 | $ 1,590 | |||
Allowance related to: Loans collectively evaluated for impairment | 10,891 | 10,968 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 14 | 7 | |||
Total Allowance | 12,565 | 11,674 | 11,472 | 13,047 | 12,565 |
Loans individually evaluated for impairment | 43,356 | 37,805 | |||
Loans collectively evaluated for impairment | 1,648,185 | 1,563,485 | |||
Loans Acquired with Deteriorated Credit Quality | 3,511 | 5,019 | |||
Total Loans | 1,695,052 | 1,606,309 | |||
Commercial Loan [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||
Beginning balance | 1,303 | 934 | |||
Total Losses | (248) | (23) | (489) | ||
Total Recoveries | 16 | 124 | 73 | ||
Provision for loan losses | 634 | 268 | |||
Ending balance | 1,705 | 1,303 | 934 | ||
Allowance related to: Loans individually evaluated for impairment | 682 | 252 | |||
Allowance related to: Loans collectively evaluated for impairment | 1,023 | 1,051 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | |||
Total Allowance | 1,303 | 934 | 934 | 1,705 | 1,303 |
Loans individually evaluated for impairment | 4,362 | 495 | |||
Loans collectively evaluated for impairment | 189,953 | 189,477 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | 9 | |||
Total Loans | 194,315 | 189,981 | |||
Owner Occupied [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||
Beginning balance | 2,424 | 2,109 | |||
Total Losses | (38) | (5) | (179) | ||
Total Recoveries | 23 | 89 | 31 | ||
Provision for loan losses | (195) | 231 | |||
Ending balance | 2,214 | 2,424 | 2,109 | ||
Allowance related to: Loans individually evaluated for impairment | 462 | 125 | |||
Allowance related to: Loans collectively evaluated for impairment | 1,752 | 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 | 2,109 | 2,214 | 2,424 |
Loans individually evaluated for impairment | 11,569 | 9,545 | |||
Loans collectively evaluated for impairment | 254,793 | 239,968 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | 689 | |||
Total Loans | 266,362 | 250,202 | |||
Non Owner Occupied [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||
Beginning balance | 4,950 | 3,438 | |||
Total Losses | (619) | (65) | (124) | ||
Total Recoveries | 0 | 91 | 17 | ||
Provision for loan losses | 1,411 | 1,486 | |||
Ending balance | 5,742 | 4,950 | 3,438 | ||
Allowance related to: Loans individually evaluated for impairment | 9 | 517 | |||
Allowance related to: Loans collectively evaluated for impairment | 5,729 | 4,432 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 4 | 1 | |||
Total Allowance | 4,950 | 3,438 | 3,438 | 5,742 | 4,950 |
Loans individually evaluated for impairment | 9,855 | 10,443 | |||
Loans collectively evaluated for impairment | 553,809 | 472,622 | |||
Loans Acquired with Deteriorated Credit Quality | 1,162 | 1,837 | |||
Total Loans | 564,826 | 484,902 | |||
Land And Land Development [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||
Beginning balance | 641 | 2,263 | |||
Total Losses | (259) | (3) | (127) | ||
Total Recoveries | 270 | 278 | 840 | ||
Provision for loan losses | (313) | (1,897) | |||
Ending balance | 339 | 641 | 2,263 | ||
Allowance related to: Loans individually evaluated for impairment | 298 | 524 | |||
Allowance related to: Loans collectively evaluated for impairment | 41 | 117 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | |||
Total Allowance | 641 | 2,263 | 2,263 | 339 | 641 |
Loans individually evaluated for impairment | 5,824 | 6,482 | |||
Loans collectively evaluated for impairment | 63,009 | 60,737 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | |||
Total Loans | 68,833 | 67,219 | |||
Construction Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||
Beginning balance | 153 | 24 | |||
Total Losses | 0 | (33) | (9) | ||
Total Recoveries | 0 | 0 | 0 | ||
Provision for loan losses | (89) | 162 | |||
Ending balance | 64 | 153 | 24 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | |||
Allowance related to: Loans collectively evaluated for impairment | 64 | 153 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | |||
Total Allowance | 153 | 24 | 24 | 64 | 153 |
Loans individually evaluated for impairment | 0 | 0 | |||
Loans collectively evaluated for impairment | 24,731 | 33,412 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | |||
Total Loans | 24,731 | 33,412 | |||
Non Jumbo [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||
Beginning balance | 1,911 | 2,174 | |||
Total Losses | (887) | (359) | (169) | ||
Total Recoveries | 228 | 134 | 136 | ||
Provision for loan losses | 838 | (38) | |||
Ending balance | 2,090 | 1,911 | 2,174 | ||
Allowance related to: Loans individually evaluated for impairment | 585 | 158 | |||
Allowance related to: Loans collectively evaluated for impairment | 1,495 | 1,747 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 10 | 6 | |||
Total Allowance | 1,911 | 2,174 | 2,174 | 2,090 | 1,911 |
Loans individually evaluated for impairment | 6,261 | 5,907 | |||
Loans collectively evaluated for impairment | 329,342 | 346,709 | |||
Loans Acquired with Deteriorated Credit Quality | 1,374 | 1,485 | |||
Total Loans | 336,977 | 354,101 | |||
Jumbo [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||
Beginning balance | 72 | 95 | |||
Total Losses | 0 | (2) | 0 | ||
Total Recoveries | 25 | 0 | 6 | ||
Provision for loan losses | 282 | (21) | |||
Ending balance | 379 | 72 | 95 | ||
Allowance related to: Loans individually evaluated for impairment | 106 | 14 | |||
Allowance related to: Loans collectively evaluated for impairment | 273 | 58 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | |||
Total Allowance | 72 | 95 | 95 | 379 | 72 |
Loans individually evaluated for impairment | 4,953 | 4,393 | |||
Loans collectively evaluated for impairment | 67,671 | 56,875 | |||
Loans Acquired with Deteriorated Credit Quality | 975 | 999 | |||
Total Loans | 73,599 | 62,267 | |||
Home Equity [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||
Beginning balance | 638 | 413 | |||
Total Losses | (26) | (158) | (175) | ||
Total Recoveries | 10 | 30 | 3 | ||
Provision for loan losses | (455) | 353 | |||
Ending balance | 167 | 638 | 413 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | |||
Allowance related to: Loans collectively evaluated for impairment | 167 | 638 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | |||
Total Allowance | 638 | 413 | 413 | 167 | 638 |
Loans individually evaluated for impairment | 523 | 523 | |||
Loans collectively evaluated for impairment | 80,387 | 83,505 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | |||
Total Loans | 80,910 | 84,028 | |||
Mortgage Warehouse Lines [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||
Beginning balance | 0 | 0 | |||
Total Losses | 0 | 0 | 0 | ||
Total Recoveries | 0 | 0 | 0 | ||
Provision for loan losses | 0 | 0 | |||
Ending balance | 0 | 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 | 0 |
Loans individually evaluated for impairment | 0 | 0 | |||
Loans collectively evaluated for impairment | 39,140 | 30,757 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | |||
Total Loans | 39,140 | 30,757 | |||
Consumer Portfolio Segment [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||
Beginning balance | 210 | 121 | |||
Total Losses | (244) | (389) | (98) | ||
Total Recoveries | 141 | 82 | 76 | ||
Provision for loan losses | (28) | 396 | |||
Ending balance | 79 | 210 | 121 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | |||
Allowance related to: Loans collectively evaluated for impairment | 79 | 210 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | |||
Total Allowance | 210 | 121 | 121 | 79 | 210 |
Loans individually evaluated for impairment | 9 | 17 | |||
Loans collectively evaluated for impairment | 32,451 | 36,185 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | |||
Total Loans | 32,460 | 36,202 | |||
Other | |||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | |||||
Beginning balance | 263 | 103 | |||
Total Losses | (282) | (251) | (185) | ||
Total Recoveries | 122 | 101 | 75 | ||
Provision for loan losses | 165 | 310 | |||
Ending balance | 268 | 263 | 103 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | |||
Allowance related to: Loans collectively evaluated for impairment | 268 | 263 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | |||
Total Allowance | $ 263 | $ 103 | $ 103 | 268 | 263 |
Loans individually evaluated for impairment | 0 | 0 | |||
Loans collectively evaluated for impairment | 12,899 | 13,238 | |||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | |||
Total Loans | $ 12,899 | $ 13,238 |
Property Held For Sale (Details
Property Held For Sale (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Activity of Property Held for Sale [Roll Forward] | |||
Beginning balance | $ 21,470 | $ 24,504 | $ 25,567 |
Acquisitions | 1,804 | 363 | 2,356 |
Real Estate Acquired Through Foreclosure Acquired through Merger Acquisition | 2,377 | 23 | |
Capitalized improvements | 1,304 | 316 | 463 |
Dispositions | (2,370) | (5,205) | (3,237) |
Valuation adjustments | (776) | (885) | (668) |
Balance at year end | $ 21,432 | $ 21,470 | $ 24,504 |
Property Held For Sale Property
Property Held For Sale Property Held for Sale (Narrative) (Details) $ in Millions | Dec. 31, 2018USD ($) |
Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract] | |
Foreclosed Property Consumer Residential Real Estate | $ 1.6 |
Premises And Equipment (Major C
Premises And Equipment (Major Categories Of Premises And Equipment And Accumulated Depreciation) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Property, Plant and Equipment [Line Items] | ||
Premises and equipment, gross | $ 62,481 | $ 57,523 |
Less accumulated depreciation | 24,928 | 23,314 |
Total premises and equipment, net | 37,553 | 34,209 |
Land [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment, gross | 10,415 | 10,061 |
Building and improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment, gross | 32,283 | 29,620 |
Furniture and equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment, gross | $ 19,783 | $ 17,842 |
Premises And Equipment (Narrati
Premises And Equipment (Narrative) (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Property, Plant and Equipment [Line Items] | |||
Depreciation expense | $ 2,168,000 | $ 1,887,000 | $ 1,224,000 |
Capitalized Interest | $ 0 | $ 0 | $ 0 |
Building [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Useful life | 30 years | ||
Furniture and equipment [Member] | Minimum [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Useful life | 3 years | ||
Furniture and equipment [Member] | Maximum [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Useful life | 10 years |
Goodwill And Other Intangible_3
Goodwill And Other Intangible Assets (Narrative) (Details) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Finite-lived intangible assets, net | $ 10,570,000 | $ 12,241,000 |
Finite-Lived Core Deposits, Gross | 9,800,000 | 11,270,000 |
Finite-Lived Customer Relationships, Gross | $ 700,000 | $ 900,000 |
Goodwill And Other Intangible_4
Goodwill And Other Intangible Assets (Summary Of Goodwill Activity) (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Goodwill [Roll Forward] | |
Beginning balance | $ 15,272 |
Goodwill, Purchase Accounting Adjustments | 0 |
Acquired goodwill, net | 0 |
Ending balance | 15,272 |
Community Banking [Member] | |
Goodwill [Roll Forward] | |
Beginning balance | 10,562 |
Goodwill, Purchase Accounting Adjustments | 0 |
Acquired goodwill, net | 0 |
Ending balance | 10,562 |
Insurance Services [Member] | |
Goodwill [Roll Forward] | |
Beginning balance | 4,710 |
Goodwill, Purchase Accounting Adjustments | 0 |
Acquired goodwill, net | 0 |
Ending balance | $ 4,710 |
Goodwill And Other Intangible_5
Goodwill And Other Intangible Assets (Summary Of Other Intangible Assets) (Details) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Identifiable intangible assets [Abstract] | ||
Gross carrying amount | $ 15,598,000 | $ 15,598,000 |
Less: accumulated amortization | 5,028,000 | 3,357,000 |
Net carrying amount | 10,570,000 | 12,241,000 |
Community Banking [Member] | ||
Identifiable intangible assets [Abstract] | ||
Gross carrying amount | 12,598,000 | 12,598,000 |
Less: accumulated amortization | 2,728,000 | 1,257,000 |
Net carrying amount | 9,870,000 | 11,341,000 |
Insurance Services [Member] | ||
Identifiable intangible assets [Abstract] | ||
Gross carrying amount | 3,000,000 | 3,000,000 |
Less: accumulated amortization | 2,300,000 | 2,100,000 |
Net carrying amount | $ 700,000 | $ 900,000 |
Goodwill And Other Intangible_6
Goodwill And Other Intangible Assets Schedule of Amortization Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Schedule of Amortization of Intangibles [Line Items] | |||
Amortization of Intangible Assets | $ 1,671 | $ 1,410 | $ 247 |
Core Deposits | |||
Schedule of Amortization of Intangibles [Line Items] | |||
Amortization of Intangible Assets | 1,471 | 1,210 | 47 |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | 1,368 | ||
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 1,265 | ||
Finite-Lived Intangible Assets, Amortization Expense, Year Three | 1,162 | ||
Finite-Lived Intangible Assets, Amortization Expense, Year Four | 1,060 | ||
Finite-Lived Intangible Assets, Amortization Expense, Year Five | 957 | ||
Customer-Related Intangible Assets [Member] | |||
Schedule of Amortization of Intangibles [Line Items] | |||
Amortization of Intangible Assets | 200 | $ 200 | $ 200 |
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 | 100 | ||
Finite-Lived Intangible Assets, Amortization Expense, Year Five | $ 0 |
Deposits (Summary Of Interest B
Deposits (Summary Of Interest Bearing Deposits By Type) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Deposits [Abstract] | ||
Demand deposits, interest bearing | $ 523,257 | $ 410,606 |
Savings deposits | 284,173 | 358,168 |
Time deposits | 605,276 | 614,334 |
Total | $ 1,412,706 | $ 1,383,108 |
Deposits (Summary Of Scheduled
Deposits (Summary Of Scheduled Maturities For All Time Deposits) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Deposits [Abstract] | ||
2,019 | $ 249,585 | |
2,020 | 175,665 | |
2,021 | 81,778 | |
2,022 | 34,397 | |
2,023 | 16,266 | |
Thereafter | 47,585 | |
Total | $ 605,276 | $ 614,334 |
Deposits (Summary Of Maturity D
Deposits (Summary Of Maturity Distribution Of All Certificates Of Deposit) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Deposits [Abstract] | ||
Three months or less | $ 41,752 | |
Three through six months | 52,370 | |
Six through twelve months | 70,479 | |
Over twelve months | 252,697 | |
Total | $ 417,298 | $ 416,268 |
Three months or less, percentage | 10.00% | |
Three through six months, percentage | 12.50% | |
Six through twelve months, percentage | 16.90% | |
Over twelve months, percentage | 60.60% | |
Total, percentage | 100.00% |
Deposits (Narrative) (Details)
Deposits (Narrative) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Deposits [Abstract] | ||
Time Deposits in denominations that meet or exceed the FDIC Insurance limit | $ 255,800 | $ 239,600 |
Time deposits acquired through a third party (brokered deposits) | 220,497 | 216,923 |
Time Deposits, $100,000 or More | 417,298 | 416,268 |
Related party deposit liabilities | $ 37,100 | $ 16,000 |
Borrowed Funds (Narrative) (Det
Borrowed Funds (Narrative) (Details) - USD ($) $ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Debt Instrument [Line Items] | ||
Security Owned and Pledged as Collateral, Fair Value | $ 58.6 | $ 113.1 |
Subsidiaries [Member] | ||
Debt Instrument [Line Items] | ||
Additional borrowings available from the FHLB | 462.8 | |
Line of Credit [Member] | ||
Debt Instrument [Line Items] | ||
Line of credit | 6 | |
Line of Credit [Member] | Federal Reserve Bank Advances [Member] | ||
Debt Instrument [Line Items] | ||
Line of credit | 159.3 | |
Repurchase Agreements [Member] | ||
Debt Instrument [Line Items] | ||
Security Owned and Pledged as Collateral, Fair Value | $ 50 |
Borrowed Funds (Short-term Borr
Borrowed Funds (Short-term Borrowings) (Narrative) (Details) $ in Millions | Dec. 31, 2018USD ($) |
Debt Disclosure [Abstract] | |
Borrowing availability through credit lines and Federal funds purchased agreements | $ 165.3 |
Borrowed Funds (Summary Of Shor
Borrowed Funds (Summary Of Short-Term Borrowings) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Debt Instrument [Line Items] | ||
Balance at December 31 | $ 309,084 | $ 250,499 |
Short-term FHLB Advances [Member] | ||
Debt Instrument [Line Items] | ||
Balance at December 31 | 303,950 | 247,000 |
Average balance outstanding for the period | 223,764 | 201,712 |
Maximum balance outstanding at any month end during period | $ 303,950 | $ 247,000 |
Weighted average interest rate for the period | 2.18% | 1.19% |
Weighted average interest rate for balances outstanding | 2.71% | 1.60% |
Repurchase Agreements [Member] | ||
Debt Instrument [Line Items] | ||
Balance at December 31 | $ 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% | |
Federal Funds Purchased and Lines of Credit [Member] | ||
Debt Instrument [Line Items] | ||
Balance at December 31 | $ 5,134 | $ 3,499 |
Average balance outstanding for the period | 4,378 | 3,512 |
Maximum balance outstanding at any month end during period | $ 7,534 | $ 3,499 |
Weighted average interest rate for the period | 1.95% | 1.10% |
Weighted average interest rate for balances outstanding | 2.50% | 1.50% |
Borrowed Funds (Long-term Borro
Borrowed Funds (Long-term Borrowings) (Narrative) (Details) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Debt Disclosure [Abstract] | ||
Long-term borrowings | $ 735,000 | $ 45,751,000 |
Average interest rate paid on long-term borrowings | 4.26% | 4.33% |
Security Owned and Pledged as Collateral, Fair Value | $ 58,600,000 | $ 113,100,000 |
Borrowed Funds (Summary Of Long
Borrowed Funds (Summary Of Long-Term Borrowings) (Details) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Debt Disclosure [Abstract] | ||
Long-term FHLB advances | $ 735,000 | $ 751,000 |
Long-term repurchase agreements | 0 | 45,000,000 |
Total | $ 735,000 | $ 45,751,000 |
Borrowed Funds (Subordinated De
Borrowed Funds (Subordinated Debentures Owed to Unconsolidated Subsidiary Trusts) (Narrative) (Details) | 1 Months Ended | 12 Months Ended | ||||
Dec. 31, 2005USD ($) | Mar. 31, 2004USD ($) | Oct. 31, 2002USD ($) | Dec. 31, 2018USD ($)trust | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Debt Instrument [Line Items] | ||||||
Number of Statutory Business Trusts | trust | 3 | |||||
Subordinated debentures owed to unconsolidated subsidiary trusts | $ 19,589,000 | $ 19,589,000 | ||||
Ownership percentage | 100.00% | |||||
Net proceeds from issuance of common stock | $ 237,000 | $ 10,000 | $ 101,000 | |||
Trust preferred securities limited to tier one capital elements, Nnt of goodwill | 25.00% | |||||
Sfg Capital Trust I [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Proceeds from issuance or sale of equity | $ 3,500,000 | |||||
Net proceeds from issuance of common stock | 109,000 | |||||
Payments to acquire investments | $ 3,610,000 | |||||
Basis spread on variable rate | 3.45% | |||||
Sfg Capital Trust Ii [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Proceeds from issuance or sale of equity | $ 7,500,000 | |||||
Net proceeds from issuance of common stock | 232,000 | |||||
Payments to acquire investments | $ 7,730,000 | |||||
Basis spread on variable rate | 2.80% | |||||
Sfg Capital Trust Iii [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Proceeds from issuance or sale of equity | $ 8,000,000 | |||||
Net proceeds from issuance of common stock | 248,000 | |||||
Payments to acquire investments | $ 8,250,000 | |||||
Basis spread on variable rate | 1.45% |
Borrowed Funds (Summary Of The
Borrowed Funds (Summary Of The Maturities Of All Long-Term Borrowings And Subordinated Debentures) (Details) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Total | $ 735,000 | $ 45,751,000 |
Long-term borrowings [Member] | ||
2,019 | 18,000 | |
2,020 | 18,000 | |
2,021 | 19,000 | |
2,022 | 21,000 | |
2,023 | 22,000 | |
Thereafter | 637,000 | |
Total | 735,000 | |
Subordinated debentures owed to unconsolidated subsidiary trusts [Member] | ||
2,019 | 0 | |
2,020 | 0 | |
2,021 | 0 | |
2,022 | 0 | |
2,023 | 0 | |
Thereafter | 19,589,000 | |
Total | $ 19,589,000 |
Derivative Financial Instrume_3
Derivative Financial Instruments Derivative Financial Instruments (Narrative) (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($)contract | |
Derivative [Line Items] | |
Number of instruments held | contract | 3 |
Forward Contract effective July 18 2016 [Member] | |
Derivative [Line Items] | |
Derivative, notional amount | $ 40,000 |
Cash flow hedges, notional amount | $ 40,000 |
Swaption interest rate | 2.98% |
Term of contract | 3 years |
Forward Contract effective April 18 2016 [Member] | |
Derivative [Line Items] | |
Derivative, notional amount | $ 30,000 |
Cash flow hedges, notional amount | $ 30,000 |
Swaption interest rate | 2.89% |
Term of contract | 4 years 6 months |
Forward Contract effective October 18 2016 [Member] | |
Derivative [Line Items] | |
Derivative, notional amount | $ 40,000 |
Cash flow hedges, notional amount | $ 40,000 |
Swaption interest rate | 2.841% |
Term of contract | 3 years |
Fair Value Hedging [Member] | |
Derivative [Line Items] | |
Number of instruments held | contract | 2 |
Fair Value Hedging [Member] | Commercial Real Estate [Member] | Interest Rate Swap effective January 15 2015 [Member] | |
Derivative [Line Items] | |
Derivative, notional amount | $ 9,950 |
Swaption interest rate | 4.33% |
Term of contract | 10 years |
Fair Value Hedging [Member] | Commercial Real Estate [Member] | Interest Rate Swap effective December 18 2015 [Member] | |
Derivative [Line Items] | |
Derivative, notional amount | $ 11,300 |
Swaption interest rate | 4.30% |
Term of contract | 10 years |
Derivative Financial Instrume_4
Derivative Financial Instruments (Details) - Interest Rate Swap [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Short-term Debt [Member] | Cash Flow Hedging [Member] | ||
Derivative [Line Items] | ||
Derivative, notional amount | $ 110,000 | $ 110,000 |
Fair Value Hedge Assets | 0 | 0 |
Fair Value Hedge Liabilities | 411 | 2,057 |
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net | 0 | 0 |
Commercial Real Estate [Member] | Fair Value Hedging [Member] | ||
Derivative [Line Items] | ||
Derivative, notional amount | 19,399 | 19,965 |
Fair Value Hedge Assets | 555 | 312 |
Fair Value Hedge Liabilities | 0 | 0 |
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net | $ 0 | $ 0 |
Income Taxes (Schedule of Compo
Income Taxes (Schedule of Components of Applicable Income Tax Expense (Benefit)) (Details) - USD ($) $ in Thousands | Dec. 22, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Current | ||||
Federal | $ 6,400 | $ 5,092 | $ 7,738 | |
State | 973 | 496 | 627 | |
Total Current | 7,373 | 5,588 | 8,365 | |
Deferred | ||||
Federal | (304) | 4,027 | (353) | |
State | (45) | 49 | (4) | |
Total Deferred | $ 3,500 | (349) | 4,076 | (357) |
Applicable income taxes | $ 7,024 | $ 9,664 | $ 8,008 |
Income Taxes (Reconciliation In
Income Taxes (Reconciliation Income Tax Expense And Statutory Income Tax Rates) (Details) - USD ($) $ in Thousands | Dec. 22, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Amount | ||||
Computed tax at applicable statutory rate | $ 7,370 | $ 7,553 | $ 8,857 | |
Tax-exempt interest and dividends, net | (1,011) | (1,569) | (1,080) | |
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amount | 0 | 0 | 108 | |
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount | (286) | (247) | (55) | |
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount | 0 | 3,461 | 0 | |
State income taxes, net of Federal income tax benefit | 734 | 354 | 405 | |
Other, net | 217 | 112 | (227) | |
Applicable income taxes | $ 7,024 | $ 9,664 | $ 8,008 | |
Percent | ||||
Computed tax at applicable statutory rate | 35.00% | 21.00% | 35.00% | 35.00% |
Tax-exempt interest and dividends, net | (3.00%) | (7.00%) | (4.00%) | |
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent | 0.00% | 0.00% | 0.00% | |
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Percent | (1.00%) | (1.00%) | 0.00% | |
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent | 0.00% | 16.00% | 0.00% | |
State income taxes, net of Federal income tax benefit | 2.00% | 2.00% | 2.00% | |
Other, net | 1.00% | 0.00% | (1.00%) | |
Applicable income taxes | 20.00% | 45.00% | 32.00% |
Income Taxes (Schedule of Defer
Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Deferred tax assets | ||
Allowance for loan losses | $ 2,921 | $ 2,753 |
Depreciation | 405 | 523 |
Foreclosed properties | 2,951 | 2,964 |
Deferred Revenue | 18 | 39 |
Deferred compensation | 2,490 | 2,325 |
Other deferred costs and accrued expenses | 645 | 551 |
Deferred Tax Assets, Unrealized Losses on Available-for-Sale Securities, Gross | 265 | 0 |
Net unrealized loss on interest rate swaps | 99 | 494 |
Capital loss carryforwards | 166 | 166 |
Total | 9,960 | 9,815 |
Deferred tax liabilities | ||
Deferred tax liabilities, Accretion on tax-exempt securities | 29 | 0 |
Net unrealized gain on securities available for sale | 0 | 916 |
Deferred Tax Liability, Other Post Retirement Benefits | 44 | 125 |
Purchase accounting adjustments and goodwill | 2,253 | 2,357 |
Total | 2,326 | 3,398 |
Net deferred tax assets | $ 7,634 | $ 6,417 |
Income Taxes Income Taxes (Narr
Income Taxes Income Taxes (Narrative) (Details) - USD ($) $ in Thousands | Dec. 22, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Federal Income Tax Rate [Line Items] | ||||
Computed tax at applicable statutory rate | 35.00% | 21.00% | 35.00% | 35.00% |
Deferred tax (benefit) expense | $ 3,500 | $ (349) | $ 4,076 | $ (357) |
Federal Income Tax Rate under TCJA [Member] | ||||
Federal Income Tax Rate [Line Items] | ||||
Computed tax at applicable statutory rate | 21.00% |
Employee Benefits (Narrative) (
Employee Benefits (Narrative) (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |||
Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | May 31, 2014 | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $ 24,000 | $ 694,000 | $ 240,000 | ||
Contributions to the plans | $ 622,000 | $ 556,000 | $ 381,000 | ||
Shares owned by ESOP | 588,193 | 588,193 | |||
Stock Issued During Period, Shares, Employee Stock Ownership Plan | 19,780 | 39,805 | 35,283 | ||
Stock Issued During Period, Value, Employee Stock Ownership Plan | $ 485,000 | $ 946,000 | $ 649,000 | ||
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 86,954 | 106,734 | |||
Common stock, shares authorized | 20,000,000 | 20,000,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value | $ 396,000 | $ 200,000 | $ 200,000 | ||
Allocated Share-based Compensation Expense | 391,000 | 385,000 | 200,000 | ||
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense | 94,000 | 142,000 | 74,000 | ||
Supplemental Employee Retirement Plan [Member] | |||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||||
Accrued liabilities | 6,100,000 | 5,500,000 | |||
Supplemental Employee Retirement Plan Expense | 669,000 | 707,000 | 575,000 | ||
2014 LTIP [Member] | |||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||||
Common stock, shares authorized | 500,000 | ||||
Summit Financial Group Inc. Employee Stock Ownership Plan [Member] | |||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||||
Contributions to the ESOP | $ 646,000 | $ 525,000 | $ 484,000 | ||
Shares owned by ESOP | 588,193 | 588,193 | |||
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 86,954 | ||||
7 Year Vesting Stock Appreciation Rights [Member] | |||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | 34,306 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 14.06 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 7 years | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 14.30% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 2.24% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 1.45% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 59.60% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 7 years | ||||
5 Year Vesting Stock Appreciation Rights [Member] | |||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | 53,309 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 14.10 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 2.16% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 1.45% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 60.05% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 6 years 6 months |
Employee Benefits Employee Stoc
Employee Benefits Employee Stock Ownership Plan (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Employee Stock Ownership Plan [Abstract] | ||
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares | 481,459 | 441,654 |
Employee Stock Ownership Plan (ESOP), Number of Committed-to-be-Released Shares | 19,780 | 39,805 |
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 86,954 | 106,734 |
Employee Stock Ownership Plan (ESOP), Shares in ESOP | 588,193 | 588,193 |
Employee Stock Ownership Plan (ESOP), Deferred Shares, Fair Value | $ 1,679 | $ 2,809 |
Employee Benefits Employee Bene
Employee Benefits Employee Benefits (Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions) (Details) | 3 Months Ended |
Mar. 31, 2017 | |
7 Year Vesting Stock Appreciation Rights [Member] | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Line Items] | |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 2.24% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 1.45% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 59.60% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 7 years |
5 Year Vesting Stock Appreciation Rights [Member] | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Line Items] | |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 2.16% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 1.45% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 60.05% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 6 years 6 months |
Employee Benefits (Summary Of A
Employee Benefits (Summary Of Activity In Stock Option Plans) (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Options / SARs | |||
Outstanding Options, Granted | 0 | ||
Outstanding Options, Exercised | (6,800) | (36,925) | (24,740) |
Employee Stock Option and Stock Appreciation Rights (SARs) [Member] | |||
Options / SARs | |||
Outstanding Options, Beginning Balance | 250,291 | 217,857 | 244,147 |
Outstanding Options, Granted | 0 | 87,615 | 0 |
Outstanding Options, Exercised | (6,800) | (51,781) | (24,740) |
Outstanding Options, Forfeited | (3,200) | 0 | 0 |
Outstanding Options, Expired | (8,200) | (3,400) | (1,550) |
Outstanding Options, Ending Balance | 232,091 | 250,291 | 217,857 |
Exercise Price | |||
Outstanding, Weighted-Average Exercise Price, Beginning Balance | $ 17.75 | $ 13.56 | $ 14.05 |
Outstanding, Weighted-Average Exercise Price, Granted | 0 | 26.01 | 0 |
Outstanding, Weighted-Average Exercise Price, Exercised | 17.79 | 13.62 | 18.08 |
Outstanding, Weighted-Average Exercise Price, Forfeited | 25.50 | 0 | 0 |
Outstanding, Weighted-Average Exercise Price, Expired | 25.54 | 24.97 | 18.79 |
Outstanding, Weighted-Average Exercise Price, Ending Balance | $ 17.36 | $ 17.75 | $ 13.56 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ 1,070 | ||
Options Outstanding, Wted. Avg. Remaining Contractual Life (yrs) | 6 years 8 months 27 days | ||
Exercisable Options, Ending Balance | 95,924 | 62,646 | 84,483 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $ 583 | $ 687 | $ 974 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Remaining Contractual Term | 6 years 15 days | 4 years 11 months 1 day | 4 years 8 months 23 days |
Exercisable Options, Weighted-Average Exercise Price, Ending Balance | $ 14.82 | $ 15.35 | $ 16 |
Commitments and Contingencies_2
Commitments and Contingencies (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Loss Contingencies [Line Items] | ||
Total unfunded commitments | $ 323,270 | $ 229,573 |
Revolving home equity and credit card lines [Member] | ||
Loss Contingencies [Line Items] | ||
Total unfunded commitments | 69,893 | 69,187 |
Construction loans [Member] | ||
Loss Contingencies [Line Items] | ||
Total unfunded commitments | 85,392 | 44,323 |
Other loans [Member] | ||
Loss Contingencies [Line Items] | ||
Total unfunded commitments | 161,619 | 112,193 |
Standby letters of credit [Member] | ||
Loss Contingencies [Line Items] | ||
Total unfunded commitments | $ 6,366 | $ 3,870 |
Commitments and Contingencies_3
Commitments and Contingencies (Narrative) (Details) - USD ($) | Apr. 24, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Commitments and Contingencies Disclosure [Abstract] | ||||
Aggregate minimum annual rental commitments under operating leases in 2019 | $ 200,000 | |||
Aggregate minimum annual rental commitments under operating leases in 2020 | 53,000 | |||
Net rent expense | $ 305,000 | $ 284,000 | $ 256,000 | |
Litigation Settlement, Amount | $ 9,900,000 |
Regulatory Matters (Narrative)
Regulatory Matters (Narrative) (Details) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Required reserve balance | $ 1,603,000 | |
Scenario, Forecast [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Amount Available for Dividend Distribution without Affecting Capital Adequacy Requirements | $ 25,600,000 |
Regulatory Matters (Summary Of
Regulatory Matters (Summary Of Actual Capital Amounts And Ratios) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Summit [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Common Equity Tier One Capital | $ 197,551 | $ 177,010 |
Common Equity Tier One Capital Ratio | 11.10% | 10.60% |
Common Equity Tier One Capital Required for Capital Adequacy | $ 116,893 | |
Tier One Common Equity Required for Capital Adequacy to Risk Weighted Assets | 7.00% | |
Common Equity Tier One Capital Required to be Well-Capitalized | $ 108,544 | |
Tier One Common Equity Required to be Well Capitalized to Risk Weighted Assets | 6.50% | |
Tier I Capital (to risk weighted assets ), Actual Amount | $ 216,551 | $ 196,010 |
Tier I Capital (to risk weighted assets), Actual Ratio | 12.20% | 11.80% |
Tier I Capital (to risk weighted assets), Minimum Required Regulatory Capital, Amount | $ 141,194 | |
Tier I Capital (to risk weighted assets), Minimum Required Regulatory Capital, Ratio | 8.50% | |
Tier I Capital (to risk weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions, Amount | $ 132,888 | |
Tier I Capital (to risk weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions, Ratio | 8.00% | |
Total Capital (to risk weighted assets), Actual Amount | $ 229,598 | $ 208,575 |
Total Capital (to risk weighted assets), Actual Ratio | 12.90% | 12.50% |
Total Capital (to risk weighted assets), Minimum Required Regulatory Capital, Amount | $ 175,203 | |
Total Capital (to risk weighted assets), Minimum Required Regulatory Capital, Ratio | 10.50% | |
Total Capital (to risk weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions, Amount | $ 166,860 | |
Total Capital (to risk weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions, Ratio | 10.00% | |
Tier I Capital (to average assets), Actual Amount | $ 216,551 | $ 196,010 |
Tier I Capital (to average assets), Actual Ratio | 10.10% | 9.40% |
Tier I Capital (to average assets), Minimum Required Regulatory Capital, Amount | $ 83,409 | |
Tier I Capital (to average assets), Minimum Required Regulatory Capital, Ratio | 4.00% | |
Tier I Capital (to average assets), To be Well Capitalized under Prompt Corrective Action Provisions, Amount | $ 104,261 | |
Tier I Capital (to average assets), To be Well Capitalized under Prompt Corrective Action Provisions, Ratio | 5.00% | |
Summit Community [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Common Equity Tier One Capital | $ 213,930 | $ 195,008 |
Common Equity Tier One Capital Ratio | 12.00% | 11.70% |
Common Equity Tier One Capital Required for Capital Adequacy | $ 124,793 | $ 116,671 |
Tier One Common Equity Required for Capital Adequacy to Risk Weighted Assets | 7.00% | 7.00% |
Common Equity Tier One Capital Required to be Well-Capitalized | $ 115,879 | $ 108,338 |
Tier One Common Equity Required to be Well Capitalized to Risk Weighted Assets | 6.50% | 6.50% |
Tier I Capital (to risk weighted assets ), Actual Amount | $ 213,930 | $ 195,008 |
Tier I Capital (to risk weighted assets), Actual Ratio | 12.00% | 11.70% |
Tier I Capital (to risk weighted assets), Minimum Required Regulatory Capital, Amount | $ 151,534 | $ 141,672 |
Tier I Capital (to risk weighted assets), Minimum Required Regulatory Capital, Ratio | 8.50% | 8.50% |
Tier I Capital (to risk weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions, Amount | $ 142,620 | $ 133,339 |
Tier I Capital (to risk weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions, Ratio | 8.00% | 8.00% |
Total Capital (to risk weighted assets), Actual Amount | $ 226,977 | $ 207,573 |
Total Capital (to risk weighted assets), Actual Ratio | 12.80% | 12.50% |
Total Capital (to risk weighted assets), Minimum Required Regulatory Capital, Amount | $ 186,192 | $ 174,361 |
Total Capital (to risk weighted assets), Minimum Required Regulatory Capital, Ratio | 10.50% | 10.50% |
Total Capital (to risk weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions, Amount | $ 177,326 | $ 166,058 |
Total Capital (to risk weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions, Ratio | 10.00% | 10.00% |
Tier I Capital (to average assets), Actual Amount | $ 213,930 | $ 195,008 |
Tier I Capital (to average assets), Actual Ratio | 10.00% | 9.40% |
Tier I Capital (to average assets), Minimum Required Regulatory Capital, Amount | $ 85,572 | $ 82,982 |
Tier I Capital (to average assets), Minimum Required Regulatory Capital, Ratio | 4.00% | 4.00% |
Tier I Capital (to average assets), To be Well Capitalized under Prompt Corrective Action Provisions, Amount | $ 106,965 | $ 103,728 |
Tier I Capital (to average assets), To be Well Capitalized under Prompt Corrective Action Provisions, Ratio | 5.00% | 5.00% |
Segment Information Segment Inf
Segment Information Segment Information (Narrative) (Details) | 12 Months Ended |
Dec. 31, 2018segmentoffice | |
Segment Reporting Information [Line Items] | |
Number of business segments | segment | 3 |
Insurance and Financial 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 | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Segment Reporting Information [Line Items] | |||
Net interest income | $ 69,797 | $ 66,147 | $ 49,007 |
Provision for loan losses | 2,250 | 1,250 | 500 |
Net interest income after provision for loan losses | 67,547 | 64,897 | 48,507 |
Other income | 17,422 | 14,427 | 11,600 |
Other expenses | 49,873 | 57,745 | 34,802 |
Income before income taxes | 35,096 | 21,579 | 25,305 |
Income tax expense (benefit) | 7,024 | 9,664 | 8,008 |
Net Income | 28,072 | 11,915 | 17,297 |
Net income (loss) applicable to common shares | 28,072 | 11,915 | 17,297 |
Inter-segment revenue (expense) | 0 | 0 | 0 |
Average assets | 2,129,042 | 2,006,340 | 1,599,597 |
Capital Expenditures | 5,545 | 6,185 | 1,857 |
Community Banking [Member] | |||
Segment Reporting Information [Line Items] | |||
Net interest income | 70,668 | 66,837 | 49,649 |
Provision for loan losses | 2,250 | 1,250 | 500 |
Net interest income after provision for loan losses | 68,418 | 65,587 | 49,149 |
Other income | 10,559 | 8,671 | 7,213 |
Other expenses | 43,165 | 52,221 | 29,482 |
Income before income taxes | 35,812 | 22,037 | 26,880 |
Income tax expense (benefit) | 7,111 | 9,672 | 8,566 |
Net Income | 28,701 | 12,365 | 18,314 |
Inter-segment revenue (expense) | (1,436) | (1,804) | (1,441) |
Average assets | 2,146,357 | 2,028,054 | 1,620,723 |
Capital Expenditures | 5,435 | 6,054 | 1,730 |
Trust and Wealth Management [Member] | |||
Segment Reporting Information [Line Items] | |||
Net interest income | 0 | 0 | 0 |
Provision for loan losses | 0 | 0 | 0 |
Net interest income after provision for loan losses | 0 | 0 | 0 |
Other income | 2,653 | 1,863 | 449 |
Other expenses | 2,104 | 1,712 | 415 |
Income before income taxes | 549 | 151 | 34 |
Income tax expense (benefit) | 132 | 56 | 13 |
Net Income | 417 | 95 | 21 |
Inter-segment revenue (expense) | 0 | 0 | 0 |
Average assets | 0 | 0 | 0 |
Capital Expenditures | 0 | 0 | 0 |
Insurance Services [Member] | |||
Segment Reporting Information [Line Items] | |||
Net interest income | 0 | 0 | 0 |
Provision for loan losses | 0 | 0 | 0 |
Net interest income after provision for loan losses | 0 | 0 | 0 |
Other income | 4,210 | 3,893 | 3,951 |
Other expenses | 3,594 | 3,314 | 3,638 |
Income before income taxes | 616 | 579 | 313 |
Income tax expense (benefit) | 155 | 65 | 144 |
Net Income | 461 | 514 | 169 |
Inter-segment revenue (expense) | (119) | (160) | (113) |
Average assets | 6,085 | 6,200 | 5,984 |
Capital Expenditures | 24 | 39 | 36 |
Parent [Member] | |||
Segment Reporting Information [Line Items] | |||
Net interest income | (871) | (690) | (642) |
Provision for loan losses | 0 | 0 | 0 |
Net interest income after provision for loan losses | (871) | (690) | (642) |
Other income | 1,555 | 1,964 | 1,541 |
Other expenses | 2,565 | 2,462 | 2,821 |
Income before income taxes | (1,881) | (1,188) | (1,922) |
Income tax expense (benefit) | (374) | (129) | (715) |
Net Income | (1,507) | (1,059) | (1,207) |
Inter-segment revenue (expense) | 1,555 | 1,964 | 1,554 |
Average assets | 231,737 | 208,468 | 173,999 |
Capital Expenditures | 86 | 92 | 91 |
Intersegment Elimination [Member] | |||
Segment Reporting Information [Line Items] | |||
Net interest income | 0 | 0 | 0 |
Provision for loan losses | 0 | 0 | 0 |
Net interest income after provision for loan losses | 0 | 0 | 0 |
Other income | (1,555) | (1,964) | (1,554) |
Other expenses | (1,555) | (1,964) | (1,554) |
Income before income taxes | 0 | 0 | 0 |
Income tax expense (benefit) | 0 | 0 | 0 |
Net Income | 0 | 0 | 0 |
Inter-segment revenue (expense) | 0 | 0 | 0 |
Average assets | (255,137) | (236,382) | (201,109) |
Capital Expenditures | $ 0 | $ 0 | $ 0 |
Earnings Per Share (Computation
Earnings Per Share (Computations Of Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Earnings Per Share [Line Items] | |||
Net income | $ 28,072 | $ 11,915 | $ 17,297 |
Net income (loss) applicable to common shares | $ 28,072 | $ 11,915 | $ 17,297 |
Basic EPS, Common Shares (Denominator) (in shares) | 12,364,468 | 11,918,390 | 10,689,224 |
Basic EPS (in dollars per share) | $ 2.27 | $ 1 | $ 1.62 |
Diluted EPS, Stock options, Common Shares (Denominator) (in shares) | 7,071 | 11,338 | 11,612 |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 53,034 | 19,517 | 16,035 |
Diluted EPS, Income (Numerator) | $ 28,072 | $ 11,915 | $ 17,297 |
Diluted EPS, Common Shares (Denominator) (in shares) | 12,424,573 | 11,949,245 | 10,716,871 |
Diluted EPS (in dollars per share) | $ 2.26 | $ 1 | $ 1.61 |
Earnings Per Share (Narrative)
Earnings Per Share (Narrative) (Details) - shares | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2016 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 7,700 | 23,400 |
Stock Appreciation Rights (SARs) [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 87,615 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ (1,016) | $ 1,732 | $ (3,262) |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (2,275) | 4,687 | |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (473) | 9 | |
Other Comprehensive Income (Loss), Net of Tax | (2,748) | 4,696 | (2,806) |
AOCI reclass related to TCJA enactment | 298 | ||
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax | 139 | 398 | 0 |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (259) | 328 | |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | 0 | |
Other Comprehensive Income (Loss), Net of Tax | (259) | 328 | |
AOCI reclass related to TCJA enactment | 70 | ||
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (314) | (1,564) | (2,906) |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 1,250 | 1,610 | |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | 0 | |
Other Comprehensive Income (Loss), Net of Tax | 1,250 | 1,610 | |
AOCI reclass related to TCJA enactment | (268) | ||
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (841) | 2,898 | $ (356) |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (3,266) | 2,749 | |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (473) | 9 | |
Other Comprehensive Income (Loss), Net of Tax | $ (3,739) | 2,758 | |
AOCI reclass related to TCJA enactment | $ 496 |
Revenue Recognition Revenue f_3
Revenue Recognition Revenue from Contracts with Customers (Narrative) (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Revenue within other ASC Scopes [Member] | |||
Revenue from Contracts with Customers [Line Items] | |||
GainLossOnSalesOfForeclosedProperties | $ (82,000) | $ 157,000 | $ 916,000 |
Revenue Recognition Revenue f_4
Revenue Recognition Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Revenue from Contracts with Customers [Line Items] | |||
Insurance commissions | $ 4,320 | $ 4,005 | $ 4,022 |
Noninterest Income, Other Operating Income | 1,022 | 750 | 423 |
Non-interest income within the scope of other ASC topics | 2,420 | 1,526 | 2,467 |
Noninterest Income | 17,422 | 14,427 | 11,600 |
Revenue in Scope ASC 606 [Member] | |||
Revenue from Contracts with Customers [Line Items] | |||
Insurance commissions | 4,320 | 4,005 | 4,022 |
Noninterest Income, Other Operating Income | 246 | 227 | 137 |
Total Revenue in ASC 606 | 15,002 | 12,901 | 9,133 |
Deposit Account [Member] | |||
Revenue from Contracts with Customers [Line Items] | |||
Revenue from Contract with Customer, Including Assessed Tax | 4,631 | 4,109 | 2,656 |
Deposit Account [Member] | Revenue in Scope ASC 606 [Member] | |||
Revenue from Contracts with Customers [Line Items] | |||
Revenue from Contract with Customer, Including Assessed Tax | 4,631 | 4,109 | 2,656 |
Credit and Debit Card [Member] | |||
Revenue from Contracts with Customers [Line Items] | |||
Revenue from Contract with Customer, Including Assessed Tax | 3,152 | 2,697 | 1,869 |
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 | 3,152 | 2,697 | 1,869 |
Fiduciary and Trust [Member] | |||
Revenue from Contracts with Customers [Line Items] | |||
Revenue from Contract with Customer, Including Assessed Tax | 2,653 | 1,863 | 449 |
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 | $ 2,653 | $ 1,863 | $ 449 |
Condensed Financial Statement_3
Condensed Financial Statements Of Parent Company (Balance Sheets) (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Condensed Financial Statements, Captions [Line Items] | ||||
Other investments | $ 16,635 | $ 15,071 | ||
Premises and equipment | 37,553 | 34,209 | ||
Other assets | 12,938 | 11,329 | ||
Total assets | 2,200,586 | 2,134,240 | ||
Long-term borrowings | 735 | 45,751 | ||
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | ||
Other liabilities | 16,522 | 16,295 | ||
Total liabilities | 1,980,756 | 1,932,735 | ||
Preferred stock, $1.00 par value, authorized 250,000 shares | 0 | 0 | ||
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2018 - 12,399,887 shares, 2017 - 12,465,296 shares; outstanding: 2018 - 12,312,933 shares, 2017 - 12,358,562 shares | 80,431 | 81,098 | ||
Unearned ESOP Shares | (939) | (1,152) | ||
Retained earnings | 141,354 | 119,827 | ||
Accumulated other comprehensive income | (1,016) | 1,732 | $ (3,262) | |
Total shareholders' equity | 219,830 | 201,505 | $ 155,360 | $ 143,744 |
Total liabilities and shareholders' equity | 2,200,586 | 2,134,240 | ||
Parent Company [Member] | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Cash | 4,326 | 2,299 | ||
Investment in subsidiaries | 236,422 | 219,980 | ||
Other investments | 77 | 77 | ||
Premises and equipment | 126 | 94 | ||
Other assets | 1,365 | 1,318 | ||
Total assets | 242,316 | 223,768 | ||
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | ||
Other liabilities | 2,897 | 2,674 | ||
Total liabilities | 22,486 | 22,263 | ||
Preferred stock, $1.00 par value, authorized 250,000 shares | 0 | 0 | ||
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2018 - 12,399,887 shares, 2017 - 12,465,296 shares; outstanding: 2018 - 12,312,933 shares, 2017 - 12,358,562 shares | 80,431 | 81,098 | ||
Unearned ESOP Shares | (939) | (1,152) | ||
Retained earnings | 141,354 | 119,827 | ||
Accumulated other comprehensive income | (1,016) | 1,732 | ||
Total shareholders' equity | 219,830 | 201,505 | ||
Total liabilities and shareholders' equity | $ 242,316 | $ 223,768 |
Condensed Financial Statement_4
Condensed Financial Statements Of Parent Company (Statements of Income) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments | $ 622 | $ (14) | $ 1,127 |
Interest expense | 25,612 | 18,380 | 15,084 |
Income before income taxes | 35,096 | 21,579 | 25,305 |
Income tax expense | 7,024 | 9,664 | 8,008 |
Net Income | 28,072 | 11,915 | 17,297 |
Net income (loss) applicable to common shares | 28,072 | 11,915 | 17,297 |
Parent Company [Member] | |||
Dividends from subsidiaries | 10,600 | 6,500 | 5,070 |
Other dividends and interest income | 28 | 24 | 21 |
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments | 0 | 0 | (14) |
Management and service fees from subsidiaries | 1,555 | 1,964 | 1,554 |
Total income | 12,183 | 8,488 | 6,631 |
Interest expense | 899 | 714 | 663 |
Operating expenses | 2,565 | 2,462 | 2,820 |
Total expenses | 3,464 | 3,176 | 3,483 |
Income before income taxes | 8,719 | 5,312 | 3,148 |
Income tax expense | (374) | (129) | (715) |
Income before equity in undistributed income of subsidiaries | 9,093 | 5,441 | 3,863 |
Equity in undistributed income of subsidiaries | 18,979 | 6,474 | 13,434 |
Net Income | $ 28,072 | $ 11,915 | $ 17,297 |
Condensed Financial Statement_5
Condensed Financial Statements Of Parent Company (Statements Of Cash Flows) (Details) - USD ($) $ in Thousands | Dec. 22, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
CASH FLOWS FROM OPERATING ACTIVITIES | |||||
Net income | $ 28,072 | $ 11,915 | $ 17,297 | ||
Adjustments to reconcile net earnings to net cash | |||||
Deferred tax (benefit) expense | $ 3,500 | (349) | 4,076 | (357) | |
Depreciation | 2,168 | 1,887 | 1,224 | ||
Realized securities losses | (622) | 14 | (1,127) | ||
Share-based compensation expense | 391 | 385 | 200 | ||
Earnings on bank owned life insurance | (1,028) | (707) | (1,059) | ||
(Increase) decrease in other assets | (320) | 668 | (894) | ||
Increase in other liabilities | 3,384 | 510 | 2,827 | ||
Net cash provided by operating activities | 38,521 | 24,373 | 23,210 | ||
Proceeds from Sale of Debt Securities, Available-for-sale | 107,559 | 152,882 | 72,453 | ||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||
Principal payments received on securities available for sale | 24,814 | 31,902 | 35,881 | ||
Purchases of premises and equipment | (5,545) | (6,185) | (1,857) | ||
Proceeds from disposal of premises and equipment | 42 | 0 | 43 | ||
Net cash provided by (used in) investing activities | (71,735) | 13,969 | (128,551) | ||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||
Payments of Ordinary Dividends, Common Stock | (6,545) | (5,238) | (4,272) | ||
Exercise of stock options | 122 | 303 | 447 | ||
Repayment of long-term borrowings | (45,016) | (918) | (28,911) | ||
Payments for Repurchase of Common Stock | (1,689) | 0 | 0 | ||
Net proceeds from issuance of common stock | 237 | 10 | 101 | ||
Net cash provided by (used in) financing activities | 40,123 | (32,327) | 142,470 | ||
Supplemental Disclosures of Cash Flow Information | |||||
Interest | 25,426 | 18,201 | 15,175 | ||
Cash and Cash Equivalents, at Carrying Value | 59,540 | 52,631 | 46,616 | $ 9,487 | |
Parent Company [Member] | |||||
CASH FLOWS FROM OPERATING ACTIVITIES | |||||
Net income | 28,072 | 11,915 | 17,297 | ||
Adjustments to reconcile net earnings to net cash | |||||
Equity in undistributed net income of subsidiaries | (18,979) | (6,474) | (13,434) | ||
Deferred tax (benefit) expense | (8) | 346 | (214) | ||
Depreciation | 41 | 39 | 36 | ||
Realized securities losses | 0 | 0 | 14 | ||
Share-based compensation expense | 181 | 174 | 96 | ||
Earnings on bank owned life insurance | 7 | (1) | 5 | ||
(Increase) decrease in other assets | (375) | 535 | (277) | ||
Increase in other liabilities | 1,036 | 512 | 1,104 | ||
Net cash provided by operating activities | 9,975 | 7,046 | 4,627 | ||
Proceeds from Sale of Debt Securities, Available-for-sale | 0 | 0 | 86 | ||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||
Purchases of premises and equipment | (86) | (92) | (56) | ||
Proceeds from disposal of premises and equipment | 13 | 60 | 0 | ||
Net cash provided by (used in) investing activities | (73) | (32) | 30 | ||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||
Payments of Ordinary Dividends, Common Stock | (6,545) | (5,238) | (4,272) | ||
Exercise of stock options | 122 | 303 | 447 | ||
Repayment of long-term borrowings | 0 | (902) | (1,805) | ||
Payments for Repurchase of Common Stock | (1,689) | 0 | 0 | ||
Net proceeds from issuance of common stock | 237 | 10 | 101 | ||
Net cash provided by (used in) financing activities | (7,875) | (5,827) | (5,529) | ||
Increase (decrease) in cash | 2,027 | 1,187 | (872) | ||
Cash, Ending Balance | 4,326 | 2,299 | |||
Supplemental Disclosures of Cash Flow Information | |||||
Interest | 875 | 704 | 654 | ||
Cash and Cash Equivalents, at Carrying Value | $ 4,326 | $ 2,299 | $ 1,112 | $ 1,984 |
Condensed Financial Statement_6
Condensed Financial Statements Of Parent Company Condensed Financial Statements of Parent Company (Narrative) (Details) - $ / shares | Dec. 31, 2018 | Dec. 31, 2017 |
Preferred stock, shares authorized | 250,000 | 250,000 |
Preferred stock, par value | $ 1 | $ 1 |
Common stock, par value | $ 2.50 | $ 2.50 |
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares issued | 12,399,887 | 12,465,296 |
Common stock, shares outstanding | 12,312,933 | 12,358,562 |
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 86,954 | 106,734 |