Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2019 | Jul. 29, 2019 | |
Document And Entity Information | ||
Entity Registrant Name | SUMMIT FINANCIAL GROUP INC | |
Entity Central Index Key | 0000811808 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Entity Shell Company | false | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Common Stock, Shares Outstanding | 12,509,810 | |
Entity Current Reporting Status | Yes |
Consolidated Balance Sheets (un
Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | [1] |
ASSETS | |||
Cash and due from banks | $ 13,481 | $ 23,061 | |
Interest bearing deposits with other banks | 42,994 | 36,479 | |
Cash and cash equivalents | 56,475 | 59,540 | |
Debt Securities, Available-for-sale | 269,920 | 293,147 | |
Other investments | 14,238 | 16,635 | |
Loans held for sale | 314 | 400 | |
Loans and Leases Receivable, Net of Deferred Income | 1,819,002 | 1,695,052 | |
Loans and Leases Receivable, Allowance | (13,152) | (13,047) | |
Loans and Leases Receivable, Net Amount | 1,805,850 | 1,682,005 | |
Property held for sale | 21,390 | 21,432 | |
Premises and equipment, net | 42,896 | 37,553 | |
Accrued interest receivable | 8,909 | 8,708 | |
Goodwill and other intangible assets | 23,585 | 25,842 | |
Cash surrender value of life insurance policies | 42,976 | 42,386 | |
Other assets | 12,561 | 12,938 | |
Total assets | 2,299,114 | 2,200,586 | |
Deposits | |||
Non interest bearing | 234,397 | 222,120 | |
Interest bearing | 1,563,096 | 1,412,706 | |
Total deposits | 1,797,493 | 1,634,826 | |
Short-term borrowings | 225,343 | 309,084 | |
Long-term borrowings | 726 | 735 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | |
Other liabilities | 20,262 | 16,522 | |
Total liabilities | 2,063,413 | 1,980,756 | |
Commitments and Contingencies | |||
Shareholders' Equity | |||
Preferred Stock, Value, Issued | 0 | 0 | |
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2019 - 12,526,710 shares and 2018 - 12,399,887 shares; outstanding: 2019 - 12,449,986 shares and 2018 - 12,312,933 | 80,946 | 80,431 | |
Unallocated common stock held by Employee Stock Ownership Plan - 2019 - 76,724 shares and 2018 - 86,954 shares | (828) | (939) | |
Retained earnings | 153,362 | 141,354 | |
Accumulated other comprehensive income (loss) | 2,221 | (1,016) | |
Total shareholders' equity | 235,701 | 219,830 | |
Total liabilities and shareholders' equity | $ 2,299,114 | $ 2,200,586 | |
[1] | Derived from audited consolidated financial statements |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares | Jun. 30, 2019 | Dec. 31, 2018 |
Common stock, par value (in dollars per share) | $ 2.50 | $ 2.50 |
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares issued | 12,526,710 | 12,399,887 |
Common stock, shares outstanding | 12,449,986 | 12,312,933 |
Preferred Stock, Par or Stated Value Per Share | $ 1 | $ 1 |
Preferred Stock, Shares Authorized | 250,000 | 250,000 |
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 76,724 | 86,954 |
Consolidated Statements of Inco
Consolidated Statements of Income (unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Interest and fees on loans | ||||
Taxable | $ 24,184 | $ 20,820 | $ 47,090 | $ 41,043 |
Tax-exempt | 168 | 142 | 314 | 286 |
Interest and dividends on securities | ||||
Interest Income, Securities, Operating, Taxable | 1,607 | 1,240 | 3,292 | 2,612 |
Interest Income, Securities, Operating, Tax Exempt | 789 | 1,063 | 1,689 | 2,082 |
Interest on interest bearing deposits with other banks | 134 | 134 | 365 | 274 |
Total interest income | 26,882 | 23,399 | 52,750 | 46,297 |
Interest expense | ||||
Interest on deposits | 5,967 | 4,309 | 11,531 | 7,858 |
Interest on short-term borrowings | 1,397 | 1,242 | 2,869 | 2,648 |
Interest on long-term borrowings and subordinated debentures | 255 | 573 | 514 | 1,258 |
Total interest expense | 7,619 | 6,124 | 14,914 | 11,764 |
Net interest income | 19,263 | 17,275 | 37,836 | 34,533 |
Provision for loan losses | 300 | 750 | 550 | 1,250 |
Net interest income after provision for loan losses | 18,963 | 16,525 | 37,286 | 33,283 |
Noninterest income | ||||
Insurance commissions | 606 | 1,013 | 1,780 | 2,126 |
Realized securities gains, net | 1,086 | 87 | 1,082 | 819 |
Gain (Loss) on Disposition of Business | 1,906 | 0 | 1,906 | 0 |
Bank owned life insurance income | 248 | 249 | 486 | 523 |
Other | 235 | 210 | 476 | 459 |
Total noninterest income | 6,810 | 4,148 | 11,040 | 9,023 |
Noninterest expenses | ||||
Salaries, commissions and employee benefits | 7,576 | 6,922 | 14,923 | 13,744 |
Net occupancy expense | 880 | 840 | 1,803 | 1,672 |
Equipment expense | 1,219 | 1,071 | 2,398 | 2,153 |
Professional fees | 475 | 385 | 878 | 719 |
Marketing and Advertising Expense | 155 | 188 | 308 | 291 |
Amortization of intangibles | 420 | 413 | 897 | 848 |
FDIC premiums | 88 | 240 | 88 | 480 |
Bank card expense | 473 | 361 | 911 | 696 |
Foreclosed properties expense, net of losses | 1,545 | 350 | 1,930 | 675 |
Business Combination, Acquisition Related Costs | 382 | 0 | 445 | 0 |
Other | 2,116 | 1,965 | 4,608 | 3,771 |
Total noninterest expenses | 15,329 | 12,735 | 29,189 | 25,049 |
Income before income tax expense | 10,444 | 7,938 | 19,137 | 17,257 |
Income tax expense | 1,880 | 1,658 | 3,481 | 3,534 |
Net income | $ 8,564 | $ 6,280 | $ 15,656 | $ 13,723 |
Basic earnings per common share | $ 0.68 | $ 0.51 | $ 1.24 | $ 1.11 |
Diluted earnings per common share | $ 0.68 | $ 0.51 | $ 1.23 | $ 1.10 |
Fiduciary and Trust [Member] | ||||
Noninterest income | ||||
Revenue from Contract with Customer, Including Assessed Tax | $ 612 | $ 672 | $ 1,198 | $ 1,339 |
Deposit Account [Member] | ||||
Noninterest income | ||||
Revenue from Contract with Customer, Including Assessed Tax | 1,224 | 1,116 | 2,405 | 2,207 |
Credit and Debit Card [Member] | ||||
Noninterest income | ||||
Revenue from Contract with Customer, Including Assessed Tax | $ 893 | $ 801 | $ 1,707 | $ 1,550 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 8,564 | $ 6,280 | $ 15,656 | $ 13,723 |
Other comprehensive income (loss): | ||||
Net unrealized gain (loss) on cashflow hedge | (414) | 377 | (423) | 1,092 |
Net unrealized gain (loss) on available for sale debt securities | 1,521 | (475) | 3,988 | (3,810) |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax | (328) | 0 | ||
Other Comprehensive Income (Loss), Net of Tax | 1,107 | (98) | 3,237 | (2,718) |
Total comprehensive income | $ 9,671 | $ 6,182 | $ 18,893 | $ 11,005 |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Statement of Comprehensive Income [Abstract] | ||||
Net unrealized gain (loss) on cashflow hedge | $ (545) | $ 496 | $ (557) | $ 1,437 |
Net unrealized gain (loss) on cashflow hedge, deferred tax | (131) | 119 | (134) | 345 |
Net unrealized gain (loss) on available for sale debt securities | 2,001 | (625) | 5,247 | (5,013) |
Net unrealized gain (loss) on available for sale debt securities, deferred taxes | 480 | (150) | 1,259 | (1,203) |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | 1,086 | 87 | 1,082 | 819 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | 261 | 21 | 260 | 197 |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax | 0 | 0 | (432) | 0 |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, Tax | $ 0 | $ 0 | $ (104) | $ 0 |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity (unaudited) - USD ($) $ in Thousands | Total | Common Stock and Related Surplus [Member] | Unearned ESOP Shares [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income [Member] | |
Beginning Balance at Dec. 31, 2017 | $ 201,505 | $ 81,098 | $ (1,152) | $ 119,827 | $ 1,732 | |
Comprehensive income: | ||||||
Net income | 13,723 | 13,723 | ||||
Other comprehensive income | (2,718) | (2,718) | ||||
Stock Issued During Period, Value, Stock Options Exercised | 4 | 4 | ||||
Share-based compensation expense | 193 | 193 | ||||
Stock Issued During Period, Value, Employee Stock Ownership Plan | 260 | 151 | 109 | |||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 126 | 126 | ||||
Common stock cash dividends declared | (3,214) | (3,214) | ||||
Ending Balance at Jun. 30, 2018 | 209,879 | 81,572 | (1,043) | 130,336 | (986) | |
Beginning Balance at Mar. 31, 2018 | 205,009 | 81,332 | (1,098) | 125,663 | (888) | |
Comprehensive income: | ||||||
Net income | 6,280 | 6,280 | ||||
Other comprehensive income | (98) | (98) | ||||
Share-based compensation expense | 99 | 99 | ||||
Stock Issued During Period, Value, Employee Stock Ownership Plan | 133 | 78 | 55 | |||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 63 | 63 | ||||
Common stock cash dividends declared | (1,607) | (1,607) | ||||
Ending Balance at Jun. 30, 2018 | 209,879 | 81,572 | (1,043) | 130,336 | (986) | |
Beginning Balance at Dec. 31, 2018 | 219,830 | [1] | 80,431 | (939) | 141,354 | (1,016) |
Comprehensive income: | ||||||
Net income | 15,656 | 15,656 | ||||
Other comprehensive income | 3,237 | 3,237 | ||||
Stock Issued During Period, Value, Stock Options Exercised | 7 | 7 | ||||
Share-based compensation expense | 281 | 281 | ||||
Stock Issued During Period, Value, Employee Stock Ownership Plan | 253 | 142 | 111 | |||
Stock Repurchased and Retired During Period, Value | (8,952) | (8,952) | ||||
Stock Issued During Period, Value, Acquisitions | 8,918 | 8,918 | ||||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 119 | 119 | ||||
Common stock cash dividends declared | (3,648) | (3,648) | ||||
Ending Balance at Jun. 30, 2019 | 235,701 | 80,946 | (828) | 153,362 | 2,221 | |
Beginning Balance at Mar. 31, 2019 | 233,630 | 86,729 | (884) | 146,671 | 1,114 | |
Comprehensive income: | ||||||
Net income | 8,564 | 8,564 | ||||
Other comprehensive income | 1,107 | 1,107 | ||||
Stock Issued During Period, Value, Stock Options Exercised | 7 | 7 | ||||
Share-based compensation expense | 149 | 149 | ||||
Stock Issued During Period, Value, Employee Stock Ownership Plan | 133 | 77 | 56 | |||
Stock Repurchased and Retired During Period, Value | (6,076) | (6,076) | ||||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 60 | 60 | ||||
Common stock cash dividends declared | (1,873) | (1,873) | ||||
Ending Balance at Jun. 30, 2019 | $ 235,701 | $ 80,946 | $ (828) | $ 153,362 | $ 2,221 | |
[1] | Derived from audited consolidated financial statements |
Consolidated Statements of Sh_2
Consolidated Statements of Shareholders' Equity (unaudited) (Parenthetical) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Stock Repurchased and Retired During Period, Shares | 235,717 | 0 | 360,917 | 0 |
Common stock, dividends per share | $ 0.15 | $ 0.13 | $ 0.29 | $ 0.26 |
Stock Issued During Period, Shares, Employee Stock Ownership Plan | 5,115 | 5,066 | 10,230 | 10,147 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 16,815 | 0 | 17,255 | 200 |
Common stock issuances from reinvested dividends, number of shares | 2,245 | 2,321 | 4,554 | 4,838 |
Stock Issued During Period, Shares, Acquisitions | 0 | 0 | 465,931 | 0 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | ||
Cash Flows from Operating Activities | |||
Net income | $ 15,656 | $ 13,723 | |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation | 1,242 | 1,058 | |
Provision for loan losses | 550 | 1,250 | |
Share-based compensation expense | 281 | 193 | |
Deferred income tax benefit | (236) | (193) | |
Loans originated for sale | (6,843) | (7,764) | |
Proceeds from sale of loans | 7,080 | 7,775 | |
Gain (Loss) on Sales of Loans, Net | (151) | (146) | |
Realized securities gains, net | (1,082) | (819) | |
Loss (gain) on disposal of assets | 155 | (16) | |
Gain (Loss) on Disposition of Business | (1,906) | 0 | |
Write-downs of foreclosed properties | 1,445 | 420 | |
Amortization of securities premiums, net | 1,290 | 1,872 | |
Amortization (accretion) related to acquisitions, net | (632) | (310) | |
Amortization of intangibles | 897 | 848 | |
Earnings on cash surrender value of bank owned life insurance | (590) | (574) | |
Decrease (increase) in accrued interest receivable | 229 | (96) | |
Increase in other assets | (11) | (415) | |
Increase in other liabilities | 1,232 | 1,358 | |
Net cash provided by operating activities | 18,606 | 18,164 | |
Cash Flows from Investing Activities | |||
Proceeds from maturities and calls of securities available for sale | 1,445 | 1,050 | |
Proceeds from Sale of Debt Securities, Available-for-sale | 114,171 | 69,235 | |
Principal payments received on securities available for sale | 13,822 | 13,393 | |
Payments to Acquire Debt Securities, Available-for-sale | 46,060 | 44,243 | |
Purchases of other investments | (6,930) | (5,938) | |
Proceeds from redemptions of other investments | 9,142 | 7,397 | |
Net loan originations | (85,633) | (26,200) | |
Purchases of premises and equipment | (5,863) | (2,866) | |
Proceeds from Sale of Property, Plant, and Equipment | 3 | 12 | |
Improvements to property held for sale | (33) | (795) | |
Proceeds from sales of repossessed assets & property held for sale | 2,403 | 1,225 | |
Proceeds from Divestiture of Businesses | 7,117 | 0 | |
Cash Acquired from Acquisition | 20,589 | 0 | |
Net cash provided by investing activities | 24,173 | 12,270 | |
Cash Flows from Financing Activities | |||
Net increase in demand deposit, NOW and savings accounts | 20,505 | 25,848 | |
Net increase in time deposits | 29,954 | 13,661 | |
Net decrease in short-term borrowings | (83,741) | (48,071) | |
Repayment of long-term borrowings | (9) | (25,008) | |
Proceeds from issuance of common stock, net of issuance costs | 40 | 126 | |
Payments for Repurchase of Common Stock | 8,952 | 0 | |
Proceeds from Stock Options Exercised | 7 | 4 | |
Dividends paid on common stock | (3,648) | (3,214) | |
Net cash used in financing activities | (45,844) | (36,654) | |
Decrease in cash and cash equivalents | (3,065) | (6,220) | |
Cash and cash equivalents: | |||
Beginning | 59,540 | [1] | 52,631 |
Ending | 56,475 | 46,411 | |
Cash payments for: | |||
Interest | 14,645 | 11,713 | |
Income taxes | 3,845 | 4,066 | |
Supplemental Disclosures of Noncash Investing and Financing Activities | |||
Real property and other assets acquired in settlement of loans | 3,937 | 906 | |
Noncash or Part Noncash Acquisition, Other Assets Acquired | 100,377 | 0 | |
Noncash or Part Noncash Acquisition, Other Liabilities Assumed | $ 114,151 | $ 0 | |
[1] | Derived from audited consolidated financial statements |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (unaudited) Consolidated Statements of Cash Flows (Parenthetical) $ in Thousands | 6 Months Ended |
Jun. 30, 2019USD ($) | |
Statement of Cash Flows [Abstract] | |
Payments to Acquire Businesses, Gross | $ 12,740 |
Basis of Presentation
Basis of Presentation | 6 Months Ended |
Jun. 30, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | BASIS OF PRESENTATION We, Summit Financial Group, Inc. and subsidiaries, prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America for interim financial information and with instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for annual year end financial statements. In our opinion, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature. The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from these estimates. The results of operations for the three and six months ended June 30, 2019 are not necessarily indicative of the results to be expected for the full year. The consolidated financial statements and notes included herein should be read in conjunction with our 2018 audited financial statements and Annual Report on Form 10-K. |
Significant New Authoritative A
Significant New Authoritative Accounting Guidance | 6 Months Ended |
Jun. 30, 2019 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Significant New Authoritative Accounting Guidance | SIGNIFICANT NEW AUTHORITATIVE ACCOUNTING GUIDANCE Recently Adopted We adopted ASU No. 2016-02, Leases (Topic 842) and its related amendments on its required effective date of January 1, 2019 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. The impact, deemed insignificant, to our consolidated financial position upon adoption was the recognition, on a discounted basis, of our minimum commitments under non-cancellable operating leases on our consolidated balance sheets resulting in the recording of right of use assets and lease obligations of approximately $870,000 which is related to long-term operating leases of premises and leases of equipment used in operations. The right-of-use assets and lease liabilities are included in other assets and other liabilities in the Consolidated Balance Sheets. Our current minimum commitments under long-term operating leases are disclosed in Note 12, Commitments and Contingencies. We adopted ASU No. 2017-08, Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities on its required effective date of January 1, 2019. 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. The adoption of the new pronouncement did not have a significant impact on our consolidated financial statements. 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. We will adopt the guidance by the first quarter of 2020 with a cumulative-effect adjustment to retained earnings as of the beginning of the year of adoption. In this regard, we have a cross-functional implementation team comprised of personnel from risk management, operations and information technology, loan administration and finance and engaged a third-party to assist us. The team has developed a project plan, identified key decision points and prepared a readiness assessment and gap analysis relative to required data which serves to direct our areas of focus. In addition, we have collected applicable historical data and made decisions regarding methodology and loan pool structures. We will continue to evaluate the impact the new standard will have on our consolidated financial statements as the final impact will be dependent, among other items, upon the loan portfolio composition and credit quality at the adoption date, as well as economic conditions, financial models used and forecasts at that time. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement . The amendments modify the disclosure requirements in Topic 820 to add disclosures regarding changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and the narrative description of measurement uncertainty. Certain disclosure requirements in Topic 820 are also removed or modified. The amendments are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Certain of the amendments are to be applied prospectively while others are to be applied retrospectively. Early adoption is permitted. We do not expect the adoption of ASU 2018-13 to have a material impact on our consolidated financial statements. |
Fair Value Measurements
Fair Value Measurements | 6 Months Ended |
Jun. 30, 2019 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | FAIR VALUE MEASUREMENTS The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis. Balance at Fair Value Measurements Using: Dollars in thousands June 30, 2019 Level 1 Level 2 Level 3 Securities available for sale U.S. Government sponsored agencies $ 23,724 $ — $ 23,724 $ — Mortgage backed securities: Government sponsored agencies 75,334 — 75,334 — Nongovernment sponsored entities 9,170 — 9,170 — State and political subdivisions 23,365 — 23,365 — Corporate debt securities 16,972 — 16,972 — Asset-backed securities 33,452 — 33,452 — Tax-exempt state and political subdivisions 87,903 — 87,903 — Total securities available for sale $ 269,920 $ — $ 269,920 $ — Derivative financial assets Interest rate swaps $ — $ — $ — $ — Derivative financial liabilities Interest rate swaps $ 1,247 $ — $ 1,247 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2018 Level 1 Level 2 Level 3 Securities available for sale 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 securities available for sale $ 293,147 $ — $ 293,147 $ — Derivative financial assets Interest rate swaps $ 555 $ — $ 555 $ — Derivative financial liabilities Interest rate swaps $ 411 $ — $ 411 $ — We may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with U.S. generally accepted accounting principles. These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. Assets measured at fair value on a nonrecurring basis are included in the table below. Balance at Fair Value Measurements Using: Dollars in thousands June 30, 2019 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 314 $ — $ 314 $ — Collateral-dependent impaired loans Commercial $ 238 $ — $ 8 $ 230 Commercial real estate 420 $ — 420 — Construction and development 515 $ — 515 — Residential real estate 717 — 646 71 Total collateral-dependent impaired loans $ 1,890 $ — $ 1,589 $ 301 Property held for sale Commercial real estate $ 1,414 $ — $ 1,414 $ — Construction and development 14,427 — 14,427 — Residential real estate 783 — 783 — Total property held for sale $ 16,624 $ — $ 16,624 $ — 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 $ — The carrying values and estimated fair values of our financial instruments are summarized below: June 30, 2019 Fair Value Measurements Using: Dollars in thousands Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 56,475 $ 56,475 $ — $ 56,475 $ — Securities available for sale 269,920 269,920 — 269,920 — Other investments 14,238 14,238 — 14,238 — Loans held for sale, net 314 314 — 314 — Loans, net 1,805,850 1,808,046 — 1,589 1,806,457 Accrued interest receivable 8,909 8,909 — 8,909 — Derivative financial assets — — — — — $ 2,155,706 $ 2,157,902 $ — $ 351,445 $ 1,806,457 Financial liabilities Deposits $ 1,797,493 $ 1,803,314 $ — $ 1,803,314 $ — Short-term borrowings 225,343 225,343 — 225,343 — Long-term borrowings 726 867 — 867 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 1,370 1,370 — 1,370 — Derivative financial liabilities 1,247 1,247 — 1,247 — $ 2,045,768 $ 2,051,730 $ — $ 2,051,730 $ — 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 $ — |
Earnings Per Share
Earnings Per Share | 6 Months Ended |
Jun. 30, 2019 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | EARNINGS PER SHARE The computations of basic and diluted earnings per share follow: For the Three Months Ended June 30, 2019 2018 Dollars in thousands,except per share amounts Net Income (Numerator) Common Shares (Denominator) Per Share Net Income Common Shares (Denominator) Per Share Net income $ 8,564 $ 6,280 Basic earnings per share $ 8,564 12,539,095 $ 0.68 $ 6,280 12,366,522 $ 0.51 Effect of dilutive securities: Stock options 5,052 7,814 Stock appreciation rights (SARs) 55,924 57,648 Diluted earnings per share $ 8,564 12,600,071 $ 0.68 $ 6,280 12,431,984 $ 0.51 For the Six Months Ended June 30, 2019 2018 Dollars in thousands,except per share amounts Income (Numerator) Common Shares (Denominator) Per Share Income (Numerator) Common Shares (Denominator) Per Share Net income $ 15,656 $ 13,723 Basic earnings per share $ 15,656 12,627,806 $ 1.24 $ 13,723 12,362,679 $ 1.11 Effect of dilutive securities: Stock options 5,182 7,668 Stock appreciation rights (SARs) 55,877 55,405 Diluted earnings per share $ 15,656 12,688,865 $ 1.23 $ 13,723 12,425,751 $ 1.10 Stock option and stock appreciation right (SAR) grants are disregarded in this computation if they are determined to be anti-dilutive. Our anti-dilutive stock options for the three and six months ended June 30, 2019 were 7,700 shares. There were no anti-dilutive stock options for the three and six months ended June 30, 2018 . Our anti-dilutive SARs for the three and six months ended June 30, 2019 and June 30, 2018 were 84,615 and 87,615 , respectively . |
Securities
Securities | 6 Months Ended |
Jun. 30, 2019 | |
Debt Securities, Available-for-sale [Abstract] | |
Securities | DEBT SECURITIES The amortized cost, unrealized gains, unrealized losses and estimated fair values of securities at June 30, 2019 and December 31, 2018 are summarized as follows: June 30, 2019 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 23,807 $ 259 $ 342 $ 23,724 Residential mortgage-backed securities: Government-sponsored agencies 74,976 974 616 75,334 Nongovernment-sponsored entities 9,245 13 88 9,170 State and political subdivisions General obligations 3,184 69 — 3,253 Water and sewer revenues 3,750 82 — 3,832 Other revenues 15,680 600 — 16,280 Corporate debt securities 17,267 28 323 16,972 Asset-backed securities 34,078 — 626 33,452 Total taxable debt securities 181,987 2,025 1,995 182,017 Tax-exempt debt securities State and political subdivisions General obligations 43,198 2,352 2 45,548 Water and sewer revenues 12,924 621 — 13,545 Lease revenues 8,567 485 — 9,052 University revenues 3,439 101 — 3,540 Other revenues 15,663 568 13 16,218 Total tax-exempt debt securities 83,791 4,127 15 87,903 Total securities available for sale $ 265,778 $ 6,152 $ 2,010 $ 269,920 December 31, 2018 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 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 securities available for sale $ 294,251 $ 1,907 $ 3,011 $ 293,147 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. June 30, 2019 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value California $ 16,108 $ 1,126 $ 2 $ 17,232 Illinois 15,518 512 — 16,030 Michigan 10,940 481 — 11,421 West Virginia 9,399 219 13 9,605 New York 8,561 348 — 8,909 Management performs pre-purchase and ongoing analysis to confirm that all investment securities meet applicable credit quality standards. The maturities, amortized cost and estimated fair values of securities at June 30, 2019 , are summarized as follows: Dollars in thousands Amortized Cost Estimated Fair Value Due in one year or less $ 35,134 $ 35,149 Due from one to five years 79,573 79,582 Due from five to ten years 59,026 59,183 Due after ten years 92,045 96,006 $ 265,778 $ 269,920 The proceeds from sales, calls and maturities of securities available for sale, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized, for the six months ended June 30, 2019 and 2018 are as follows: Proceeds from Gross realized Dollars in thousands Sales Calls and Maturities Principal Payments Gains Losses For the Six Months Ended 2019 Securities available for sale $ 114,171 $ 1,445 $ 13,822 $ 1,213 $ 131 2018 Securities available for sale $ 69,235 $ 1,050 $ 13,393 $ 1,637 $ 818 We held 68 available for sale securities having an unrealized loss at June 30, 2019 . 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 is 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 June 30, 2019 and December 31, 2018 . June 30, 2019 Less than 12 months 12 months or more Total Dollars in thousands # of securities in loss position Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Taxable debt securities U.S. Government agencies and corporations 15 $ — $ — $ 17,371 $ 342 $ 17,371 $ 342 Residential mortgage-backed securities: Government-sponsored agencies 25 17,041 301 16,460 315 33,501 616 Nongovernment-sponsored entities 3 7,002 88 — — 7,002 88 Corporate debt securities 8 5,171 117 2,544 206 7,715 323 Asset-backed securities 15 33,452 626 — — 33,452 626 Tax-exempt debt securities State and political subdivisions: General obligations 1 690 2 — — 690 2 Other revenues 1 — — 1,023 13 1,023 13 Total 68 63,356 1,134 37,398 876 100,754 2,010 December 31, 2018 Less than 12 months 12 months or more Total Dollars in thousands # of securities in loss position Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss 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 134 75,442 791 84,860 2,220 160,302 3,011 |
Loans
Loans | 6 Months Ended |
Jun. 30, 2019 | |
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 $ 327 $ 137 $ 700 $ 1,164 $ 202,974 $ — Commercial real estate Owner-occupied 520 — 4,454 4,974 257,927 — Non-owner occupied — 1,205 1,463 2,668 572,009 — Construction and development Land and land development 258 — 43 301 67,468 — Construction — — — — 46,975 — Residential mortgage Non-jumbo 5,686 806 2,564 9,056 351,696 119 Jumbo 642 — — 642 69,529 — Home equity 101 94 258 453 80,920 21 Mortgage warehouse lines — — — — 101,607 — Consumer 230 63 109 402 36,313 68 Other — — 100 100 11,824 — Total $ 7,764 $ 2,305 $ 9,691 $ 19,760 $ 1,799,242 $ 208 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 — — 612 612 256,644 — Non-owner occupied 156 255 1,756 2,167 571,765 — 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 Nonaccrual loans: The following table presents the nonaccrual loans included in the net balance of loans at June 30, 2019 and December 31, 2018 . June 30, December 31, Dollars in thousands 2019 2018 Commercial $ 948 $ 935 Commercial real estate Owner-occupied 4,624 1,028 Non-owner occupied 1,920 2,210 Construction and development Land & land development 66 3,198 Construction — — Residential mortgage Non-jumbo 4,561 6,532 Jumbo 642 675 Home equity 314 299 Mortgage warehouse lines — — Consumer 92 112 Other 100 — Total $ 13,267 $ 14,989 Impaired loans: Impaired loans include the following: ▪ Loans which we risk-rate (loan relationships having aggregate balances in excess of $ 2.5 million , or loans exceeding $ 500,000 and exhibiting credit weakness) through our normal loan review procedures and which, based on current information and events, it is probable that we will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement. Risk-rated loans with insignificant delays or insignificant short falls in the amount of payments expected to be collected are not considered to be impaired. ▪ Loans that have been modified in a troubled debt restructuring. Both commercial and consumer loans are deemed impaired upon being contractually modified in a troubled debt restructuring. Troubled debt restructurings typically result from our loss mitigation activities and occur when we grant a concession to a borrower who is experiencing financial difficulty in order to minimize our economic loss and to avoid foreclosure or repossession of collateral. Once restructured, a loan is generally considered impaired until its maturity, regardless of whether the borrower performs under the modified terms. Although such a loan may be returned to accrual status if the criteria set forth in accounting principles generally accepted in the United States are met, the loan would continue to be evaluated for an asset-specific allowance for loan losses and we would continue to report the loan in the impaired loan table below. The following tables present loans individually evaluated for impairment at June 30, 2019 and December 31, 2018 . June 30, 2019 Dollars in thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Impaired Balance Interest Income Recognized while impaired Without a related allowance Commercial $ 5,215 $ 5,216 $ — $ 5,371 $ 334 Commercial real estate Owner-occupied 8,867 8,872 — 8,822 207 Non-owner occupied 10,814 10,821 — 9,967 504 Construction and development Land & land development 1,088 1,088 — 1,129 68 Construction — — — — — Residential real estate Non-jumbo 3,705 3,711 — 3,698 198 Jumbo 4,022 4,021 — 4,044 190 Home equity 523 523 — 523 32 Mortgage warehouse lines — — — — — Consumer 15 15 — 10 1 Total without a related allowance $ 34,249 $ 34,267 $ — $ 33,564 $ 1,534 With a related allowance Commercial $ 269 $ 269 $ 30 $ 184 $ 1 Commercial real estate Owner-occupied 2,915 2,914 444 2,924 114 Non-owner occupied — — — — — Construction and development Land & land development 1,035 1,036 521 1,041 57 Construction — — — — — Residential real estate Non-jumbo 2,371 2,370 678 2,341 74 Jumbo — — — — — Home equity — — — — — Mortgage warehouse lines — — — — — Consumer — — — — — Total with a related allowance $ 6,590 $ 6,589 $ 1,673 $ 6,490 $ 246 Total Commercial $ 30,203 $ 30,216 $ 995 $ 29,438 $ 1,285 Residential real estate 10,621 10,625 678 10,606 494 Consumer 15 15 — 10 1 Total $ 40,839 $ 40,856 $ 1,673 $ 40,054 $ 1,780 The table above does not include PCI loans. 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 table above does not include PCI loans. Included in impaired loans are TDRs of $26.2 million , of which $23.2 million were current with respect to restructured contractual payments at June 30, 2019 , and $27 million , of which $26.6 million were current with respect to restructured contractual payments at December 31, 2018 . There were no commitments to lend additional funds under these restructurings at either balance sheet date. The following tables present by class the TDRs that were restructured during the three and six months ended June 30, 2019 and June 30, 2018 . Generally, the modifications were extensions of term, modifying the payment terms from principal and interest to interest only for an extended period, or reduction in interest rate. All TDRs are evaluated individually for allowance for loan loss purposes. For the Three Months Ended For the Three Months Ended Dollars in thousands Number of Modifications Pre-modification Recorded Investment Post-modification Recorded Investment Number of Modifications Pre-modification Recorded Investment Post-modification Recorded Investment Commercial — $ — $ — 2 $ 157 $ 157 Residential real estate Non-jumbo — — — 5 741 741 Total — $ — $ — 7 $ 898 $ 898 For the Six Months Ended For the Six Months Ended Dollars in thousands Number of Modifications Pre-modification Recorded Investment Post-modification Recorded Investment Number of Modifications Pre-modification Recorded Investment Post-modification Recorded Investment Commercial — $ — $ — 2 $ 157 $ 157 Commercial real estate Owner-occupied 1 325 325 — — — Non-owner occupied 4 324 324 — — — Residential real estate Non-jumbo 7 410 410 6 805 805 Consumer 1 16 16 — — — Total 13 $ 1,075 $ 1,075 8 $ 962 $ 962 The following tables present defaults during the stated period of TDRs that were restructured during the past twelve months. For purposes of these tables, a default is considered as either the loan was past due 30 days or more at any time during the period, or the loan was fully or partially charged off during the period. For the Three Months Ended For the Three Months Ended Dollars in thousands Number of Defaults Recorded Investment at Default Date Number of Defaults Recorded Investment at Default Date Commercial — $ — 2 $ 157 Commercial real estate Owner-occupied — — 1 2,302 Non-owner occupied 1 126 1 341 Construction and development Land & land development — — 1 438 Residential real estate Non-jumbo 4 193 2 506 Total 5 $ 319 7 $ 3,744 For the Six Months Ended For the Six Months Ended Dollars in thousands Number of Defaults Recorded Investment at Default Date Number of Defaults Recorded Investment at Default Date Commercial — $ — 2 $ 157 Commercial real estate Owner-occupied — — 1 2,302 Non-owner occupied 1 126 1 341 Construction and development Land & land development — — 1 438 Residential real estate Non-jumbo 4 193 3 712 Total 5 $ 319 8 $ 3,950 The following tables detail the activity regarding TDRs by loan type, net of fees, for the three and six months ended June 30, 2019 , and the related allowance on TDRs. For the Three Months Ended June 30, 2019 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 April 1, 2019 $ 2,629 $ — $ 265 $ 9,629 $ 5,676 $ 4,869 $ 4,231 $ 523 $ — $ 23 $ — $ 27,845 Additions — — — — — — — — — — — — Charge-offs — — — — — — — — — — — — Net (paydowns) advances (506 ) — (32 ) (41 ) (52 ) (174 ) (851 ) — — (8 ) — (1,664 ) Transfer into foreclosed properties — — — — — — — — — — — — Refinance out of TDR status — — — — — — — — — — — — Balance, June 30, 2019 $ 2,123 $ — $ 233 $ 9,588 $ 5,624 $ 4,695 $ 3,380 $ 523 $ — $ 15 $ — $ 26,181 Allowance related to troubled debt restructurings $ 521 $ — $ 6 $ 271 $ — $ 200 $ — $ — $ — $ — $ — $ 998 For the Six Months Ended June 30, 2019 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, 2019 $ 2,654 $ — $ 273 $ 9,365 $ 5,404 $ 4,490 $ 4,278 $ 523 $ — $ 10 $ — $ 26,997 Additions — — — 325 324 410 — — — 16 — 1,075 Charge-offs — — — — — — — — — — — — Net (paydowns) advances (531 ) — (40 ) (102 ) (104 ) (205 ) (898 ) — — (11 ) — (1,891 ) Transfer into foreclosed properties — — — — — — — — — — — — Refinance out of TDR status — — — — — — — — — — — — Balance, June 30, 2019 $ 2,123 $ — $ 233 $ 9,588 $ 5,624 $ 4,695 $ 3,380 $ 523 $ — $ 15 $ — $ 26,181 Allowance related to troubled debt restructurings $ 521 $ — $ 6 $ 271 $ — $ 200 $ — $ — $ — $ — $ — $ 998 The following table presents the recorded investment in construction and development, commercial, and commercial real estate loans which are generally evaluated based upon our internal risk ratings. Loan Risk Profile by Internal Risk Rating Construction and Development Commercial Real Estate Land and Land Development Construction Commercial Owner Occupied Non-Owner Occupied Mortgage Warehouse Lines Dollars in thousands 6/30/2019 12/31/2018 6/30/2019 12/31/2018 6/30/2019 12/31/2018 6/30/2019 12/31/2018 6/30/2019 12/31/2018 6/30/2019 12/31/2018 Pass $ 65,893 $ 63,743 $ 46,835 $ 24,589 $ 196,706 $ 182,651 $ 255,527 $ 250,254 $ 565,858 $ 565,715 $ 101,607 $ 39,140 OLEM (Special Mention) 461 472 140 142 1,572 6,748 2,421 1,864 1,653 1,554 — — Substandard 1,415 4,618 — — 5,860 4,916 4,953 5,138 7,166 6,663 — — Doubtful — — — — — — — — — — — — Loss — — — — — — — — — — — — Total $ 67,769 $ 68,833 $ 46,975 $ 24,731 $ 204,138 $ 194,315 $ 262,901 $ 257,256 $ 574,677 $ 573,932 $ 101,607 $ 39,140 The following table presents the recorded investment and payment activity in consumer, residential real estate, and home equity loans, which are generally evaluated based on the aging status of the loans. Performing Nonperforming Dollars in thousands 6/30/2019 12/31/2018 6/30/2019 12/31/2018 Residential real estate Non-jumbo $ 356,071 $ 330,445 $ 4,681 $ 6,532 Jumbo 69,529 72,924 642 675 Home Equity 81,039 80,611 334 299 Consumer 36,555 32,312 160 148 Other 11,824 12,899 100 — Total $ 555,018 $ 529,191 $ 5,917 $ 7,654" id="sjs-B4">LOANS Loans are summarized as follows: Dollars in thousands June 30, December 31, Commercial $ 204,138 $ 194,315 Commercial real estate Owner-occupied 262,901 257,256 Non-owner occupied 574,677 573,932 Construction and development Land and land development 67,769 68,833 Construction 46,975 24,731 Residential real estate Non-jumbo 360,752 336,977 Jumbo 70,171 73,599 Home equity 81,373 80,910 Mortgage warehouse lines 101,607 39,140 Consumer 36,715 32,460 Other 11,924 12,899 Total loans, net of unearned fees 1,819,002 1,695,052 Less allowance for loan losses 13,152 13,047 Loans, net $ 1,805,850 $ 1,682,005 The outstanding balance and the recorded investment of acquired loans included in the consolidated balance sheet at June 30, 2019 and December 31, 2018 are as follows: Acquired Loans June 30, 2019 December 31, 2018 Dollars in thousands Purchased Credit Impaired Purchased Performing Total Purchased Credit Impaired Purchased Performing Total Outstanding balance $ 4,282 $ 154,564 $ 158,846 $ 4,275 $ 138,167 $ 142,442 Recorded investment Commercial $ — $ 4,056 $ 4,056 $ — $ 3,934 $ 3,934 Commercial real estate Owner-occupied — 19,729 19,729 — 16,133 16,133 Non-owner occupied 1,262 16,801 18,063 1,162 23,431 24,593 Construction and development Land and land development — 4,178 4,178 — 5,161 5,161 Construction — — — — — — Residential real estate Non-jumbo 1,293 96,352 97,645 1,374 77,894 79,268 Jumbo 962 3,144 4,106 975 2,577 3,552 Home equity — 2,440 2,440 — 2,805 2,805 Consumer — 5,854 5,854 — 4,630 4,630 Other — 15 15 — 122 122 Total recorded investment $ 3,517 $ 152,569 $ 156,086 $ 3,511 $ 136,687 $ 140,198 The following table presents a summary of the change in the accretable yield of the purchased credit impaired ("PCI") loan portfolio for the three and six months ended June 30, 2019 and 2018 : For the Three Months Ended June 30, For the Six Months Ended June 30, Dollars in thousands 2019 2018 2019 2018 Accretable yield $ 623 $ 708 $ 632 $ 745 Accretion (26 ) (32 ) (34 ) (69 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — — — — Other changes, net — — (1 ) — Accretable yield, June 30 $ 597 $ 676 $ 597 $ 676 The following table presents the contractual aging of the recorded investment in past due loans by class as of June 30, 2019 and December 31, 2018 . At June 30, 2019 Past Due > 90 days and Accruing Dollars in thousands 30-59 days 60-89 days > 90 days Total Current Commercial $ 327 $ 137 $ 700 $ 1,164 $ 202,974 $ — Commercial real estate Owner-occupied 520 — 4,454 4,974 257,927 — Non-owner occupied — 1,205 1,463 2,668 572,009 — Construction and development Land and land development 258 — 43 301 67,468 — Construction — — — — 46,975 — Residential mortgage Non-jumbo 5,686 806 2,564 9,056 351,696 119 Jumbo 642 — — 642 69,529 — Home equity 101 94 258 453 80,920 21 Mortgage warehouse lines — — — — 101,607 — Consumer 230 63 109 402 36,313 68 Other — — 100 100 11,824 — Total $ 7,764 $ 2,305 $ 9,691 $ 19,760 $ 1,799,242 $ 208 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 — — 612 612 256,644 — Non-owner occupied 156 255 1,756 2,167 571,765 — 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 Nonaccrual loans: The following table presents the nonaccrual loans included in the net balance of loans at June 30, 2019 and December 31, 2018 . June 30, December 31, Dollars in thousands 2019 2018 Commercial $ 948 $ 935 Commercial real estate Owner-occupied 4,624 1,028 Non-owner occupied 1,920 2,210 Construction and development Land & land development 66 3,198 Construction — — Residential mortgage Non-jumbo 4,561 6,532 Jumbo 642 675 Home equity 314 299 Mortgage warehouse lines — — Consumer 92 112 Other 100 — Total $ 13,267 $ 14,989 Impaired loans: Impaired loans include the following: ▪ Loans which we risk-rate (loan relationships having aggregate balances in excess of $ 2.5 million , or loans exceeding $ 500,000 and exhibiting credit weakness) through our normal loan review procedures and which, based on current information and events, it is probable that we will be unable to collect all amounts due in accordance with the original contractual terms of the loan agreement. Risk-rated loans with insignificant delays or insignificant short falls in the amount of payments expected to be collected are not considered to be impaired. ▪ Loans that have been modified in a troubled debt restructuring. Both commercial and consumer loans are deemed impaired upon being contractually modified in a troubled debt restructuring. Troubled debt restructurings typically result from our loss mitigation activities and occur when we grant a concession to a borrower who is experiencing financial difficulty in order to minimize our economic loss and to avoid foreclosure or repossession of collateral. Once restructured, a loan is generally considered impaired until its maturity, regardless of whether the borrower performs under the modified terms. Although such a loan may be returned to accrual status if the criteria set forth in accounting principles generally accepted in the United States are met, the loan would continue to be evaluated for an asset-specific allowance for loan losses and we would continue to report the loan in the impaired loan table below. The following tables present loans individually evaluated for impairment at June 30, 2019 and December 31, 2018 . June 30, 2019 Dollars in thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Impaired Balance Interest Income Recognized while impaired Without a related allowance Commercial $ 5,215 $ 5,216 $ — $ 5,371 $ 334 Commercial real estate Owner-occupied 8,867 8,872 — 8,822 207 Non-owner occupied 10,814 10,821 — 9,967 504 Construction and development Land & land development 1,088 1,088 — 1,129 68 Construction — — — — — Residential real estate Non-jumbo 3,705 3,711 — 3,698 198 Jumbo 4,022 4,021 — 4,044 190 Home equity 523 523 — 523 32 Mortgage warehouse lines — — — — — Consumer 15 15 — 10 1 Total without a related allowance $ 34,249 $ 34,267 $ — $ 33,564 $ 1,534 With a related allowance Commercial $ 269 $ 269 $ 30 $ 184 $ 1 Commercial real estate Owner-occupied 2,915 2,914 444 2,924 114 Non-owner occupied — — — — — Construction and development Land & land development 1,035 1,036 521 1,041 57 Construction — — — — — Residential real estate Non-jumbo 2,371 2,370 678 2,341 74 Jumbo — — — — — Home equity — — — — — Mortgage warehouse lines — — — — — Consumer — — — — — Total with a related allowance $ 6,590 $ 6,589 $ 1,673 $ 6,490 $ 246 Total Commercial $ 30,203 $ 30,216 $ 995 $ 29,438 $ 1,285 Residential real estate 10,621 10,625 678 10,606 494 Consumer 15 15 — 10 1 Total $ 40,839 $ 40,856 $ 1,673 $ 40,054 $ 1,780 The table above does not include PCI loans. 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 table above does not include PCI loans. Included in impaired loans are TDRs of $26.2 million , of which $23.2 million were current with respect to restructured contractual payments at June 30, 2019 , and $27 million , of which $26.6 million were current with respect to restructured contractual payments at December 31, 2018 . There were no commitments to lend additional funds under these restructurings at either balance sheet date. The following tables present by class the TDRs that were restructured during the three and six months ended June 30, 2019 and June 30, 2018 . Generally, the modifications were extensions of term, modifying the payment terms from principal and interest to interest only for an extended period, or reduction in interest rate. All TDRs are evaluated individually for allowance for loan loss purposes. For the Three Months Ended For the Three Months Ended Dollars in thousands Number of Modifications Pre-modification Recorded Investment Post-modification Recorded Investment Number of Modifications Pre-modification Recorded Investment Post-modification Recorded Investment Commercial — $ — $ — 2 $ 157 $ 157 Residential real estate Non-jumbo — — — 5 741 741 Total — $ — $ — 7 $ 898 $ 898 For the Six Months Ended For the Six Months Ended Dollars in thousands Number of Modifications Pre-modification Recorded Investment Post-modification Recorded Investment Number of Modifications Pre-modification Recorded Investment Post-modification Recorded Investment Commercial — $ — $ — 2 $ 157 $ 157 Commercial real estate Owner-occupied 1 325 325 — — — Non-owner occupied 4 324 324 — — — Residential real estate Non-jumbo 7 410 410 6 805 805 Consumer 1 16 16 — — — Total 13 $ 1,075 $ 1,075 8 $ 962 $ 962 The following tables present defaults during the stated period of TDRs that were restructured during the past twelve months. For purposes of these tables, a default is considered as either the loan was past due 30 days or more at any time during the period, or the loan was fully or partially charged off during the period. For the Three Months Ended For the Three Months Ended Dollars in thousands Number of Defaults Recorded Investment at Default Date Number of Defaults Recorded Investment at Default Date Commercial — $ — 2 $ 157 Commercial real estate Owner-occupied — — 1 2,302 Non-owner occupied 1 126 1 341 Construction and development Land & land development — — 1 438 Residential real estate Non-jumbo 4 193 2 506 Total 5 $ 319 7 $ 3,744 For the Six Months Ended For the Six Months Ended Dollars in thousands Number of Defaults Recorded Investment at Default Date Number of Defaults Recorded Investment at Default Date Commercial — $ — 2 $ 157 Commercial real estate Owner-occupied — — 1 2,302 Non-owner occupied 1 126 1 341 Construction and development Land & land development — — 1 438 Residential real estate Non-jumbo 4 193 3 712 Total 5 $ 319 8 $ 3,950 The following tables detail the activity regarding TDRs by loan type, net of fees, for the three and six months ended June 30, 2019 , and the related allowance on TDRs. For the Three Months Ended June 30, 2019 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 April 1, 2019 $ 2,629 $ — $ 265 $ 9,629 $ 5,676 $ 4,869 $ 4,231 $ 523 $ — $ 23 $ — $ 27,845 Additions — — — — — — — — — — — — Charge-offs — — — — — — — — — — — — Net (paydowns) advances (506 ) — (32 ) (41 ) (52 ) (174 ) (851 ) — — (8 ) — (1,664 ) Transfer into foreclosed properties — — — — — — — — — — — — Refinance out of TDR status — — — — — — — — — — — — Balance, June 30, 2019 $ 2,123 $ — $ 233 $ 9,588 $ 5,624 $ 4,695 $ 3,380 $ 523 $ — $ 15 $ — $ 26,181 Allowance related to troubled debt restructurings $ 521 $ — $ 6 $ 271 $ — $ 200 $ — $ — $ — $ — $ — $ 998 For the Six Months Ended June 30, 2019 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, 2019 $ 2,654 $ — $ 273 $ 9,365 $ 5,404 $ 4,490 $ 4,278 $ 523 $ — $ 10 $ — $ 26,997 Additions — — — 325 324 410 — — — 16 — 1,075 Charge-offs — — — — — — — — — — — — Net (paydowns) advances (531 ) — (40 ) (102 ) (104 ) (205 ) (898 ) — — (11 ) — (1,891 ) Transfer into foreclosed properties — — — — — — — — — — — — Refinance out of TDR status — — — — — — — — — — — — Balance, June 30, 2019 $ 2,123 $ — $ 233 $ 9,588 $ 5,624 $ 4,695 $ 3,380 $ 523 $ — $ 15 $ — $ 26,181 Allowance related to troubled debt restructurings $ 521 $ — $ 6 $ 271 $ — $ 200 $ — $ — $ — $ — $ — $ 998 The following table presents the recorded investment in construction and development, commercial, and commercial real estate loans which are generally evaluated based upon our internal risk ratings. Loan Risk Profile by Internal Risk Rating Construction and Development Commercial Real Estate Land and Land Development Construction Commercial Owner Occupied Non-Owner Occupied Mortgage Warehouse Lines Dollars in thousands 6/30/2019 12/31/2018 6/30/2019 12/31/2018 6/30/2019 12/31/2018 6/30/2019 12/31/2018 6/30/2019 12/31/2018 6/30/2019 12/31/2018 Pass $ 65,893 $ 63,743 $ 46,835 $ 24,589 $ 196,706 $ 182,651 $ 255,527 $ 250,254 $ 565,858 $ 565,715 $ 101,607 $ 39,140 OLEM (Special Mention) 461 472 140 142 1,572 6,748 2,421 1,864 1,653 1,554 — — Substandard 1,415 4,618 — — 5,860 4,916 4,953 5,138 7,166 6,663 — — Doubtful — — — — — — — — — — — — Loss — — — — — — — — — — — — Total $ 67,769 $ 68,833 $ 46,975 $ 24,731 $ 204,138 $ 194,315 $ 262,901 $ 257,256 $ 574,677 $ 573,932 $ 101,607 $ 39,140 The following table presents the recorded investment and payment activity in consumer, residential real estate, and home equity loans, which are generally evaluated based on the aging status of the loans. Performing Nonperforming Dollars in thousands 6/30/2019 12/31/2018 6/30/2019 12/31/2018 Residential real estate Non-jumbo $ 356,071 $ 330,445 $ 4,681 $ 6,532 Jumbo 69,529 72,924 642 675 Home Equity 81,039 80,611 334 299 Consumer 36,555 32,312 160 148 Other 11,824 12,899 100 — Total $ 555,018 $ 529,191 $ 5,917 $ 7,654 |
Allowance For Loan Losses
Allowance For Loan Losses | 6 Months Ended |
Jun. 30, 2019 | |
Allowance for Loan and Lease Losses Write-offs, Net [Abstract] | |
Allowance for Loan Losses | ALLOWANCE FOR LOAN LOSSES An analysis of the allowance for loan losses for the six month period ended June 30, 2019 and for the year ended December 31, 2018 is as follows: June 30, December 31, Dollars in thousands 2019 2018 Balance, beginning of year $ 13,047 $ 12,565 Charge-offs: Commercial 17 248 Commercial real estate Owner occupied 2 38 Non-owner occupied — 619 Construction and development Land and land development — 259 Construction — — Residential real estate Non-jumbo 418 887 Jumbo — — Home equity — 26 Mortgage warehouse lines — — Consumer 194 244 Other 174 282 Total 805 2,603 Recoveries: Commercial 7 16 Commercial real estate Owner occupied 13 23 Non-owner occupied — — Construction and development Land and land development 104 270 Construction — — Residential real estate Non-jumbo 48 228 Jumbo — 25 Home equity 15 10 Mortgage warehouse lines — — Consumer 100 141 Other 73 122 Total 360 835 Net charge-offs 445 1,768 Provision for loan losses 550 2,250 Balance, end of period $ 13,152 $ 13,047 The following table presents the activity in the allowance for loan losses, balance in the allowance for loan losses and recorded investment in loans by portfolio segment and based on impairment during the first six months of 2019 and for the year ended 2018: For the Six Months Ended June 30, 2019 At June 30, 2019 At June 30, 2019 Allowance for loan losses Allowance related to: Loans Beginning Balance Charge- offs Recoveries Provision Ending Balance Loans individua- lly evaluated for impairm- ent Loans collective- ly evaluated for impairm- ent Loans acquired with deteriora- ted credit quality (PCI) Total Loans individua- lly evaluated for impairm- ent Loans collective- ly evaluated for impairm- ent Loans Total Commercial $ 1,705 $ (17 ) $ 7 $ (491 ) $ 1,204 $ 30 $ 1,174 $ — $ 1,204 $ 5,484 $ 198,654 $ — $ 204,138 Commercial real estate Owner occupied 2,214 (2 ) 13 480 2,705 444 2,261 — 2,705 11,782 251,119 — 262,901 Non-owner occupied 5,742 — — (104 ) 5,638 — 5,547 91 5,638 10,814 562,601 1,262 574,677 Construction and development Land and land development 339 — 104 119 562 521 41 — 562 2,123 65,646 — 67,769 Construction 64 — — 254 318 — 318 — 318 — 46,975 — 46,975 Residential real estate Non-jumbo 2,090 (418 ) 48 485 2,205 678 1,517 10 2,205 6,076 353,383 1,293 360,752 Jumbo 379 — — (369 ) 10 — 10 — 10 4,022 65,187 962 70,171 Home equity 167 — 15 (62 ) 120 — 120 — 120 523 80,850 — 81,373 Mortgage warehouse lines — — — — — — — — — — 101,607 — 101,607 Consumer 79 (194 ) 100 128 113 — 113 — 113 15 36,700 — 36,715 Other 268 (174 ) 73 110 277 — 277 — 277 — 11,924 — 11,924 Total $ 13,047 $ (805 ) $ 360 $ 550 $ 13,152 $ 1,673 $ 11,378 $ 101 $ 13,152 $ 40,839 $ 1,774,646 $ 3,517 $ 1,819,002 For the Year Ended December 31, 2018 At December 31, 2018 At December 31, 2018 Allowance for loan losses Allowance related to: Loans Beginning Balance Charge- offs Recoveries Provision Ending Balance Loans individua- lly evaluated for impairm- ent Loans collective- ly evaluated for impairm- ent Loans acquired with deteriora- ted credit quality (PCI) Total Loans individua- lly evaluated for impairm- ent Loans collective- ly evaluated for impairm- ent Loans Total Commercial $ 1,303 $ (248 ) $ 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 11,569 245,687 — 257,256 Non-owner occupied 4,950 (619 ) — 1,411 5,742 9 5,729 4 5,742 9,855 562,915 1,162 573,932 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 |
Goodwill And Other Intangible A
Goodwill And Other Intangible Assets | 6 Months Ended |
Jun. 30, 2019 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS The following tables present our goodwill by reporting unit at June 30, 2019 and other intangible assets by reporting unit at June 30, 2019 and December 31, 2018 . Goodwill Activity Dollars in thousands Community Banking Insurance Services Total Balance, January 1, 2019 $ 10,562 $ 4,710 $ 15,272 Reclassifications to goodwill — — — Acquired goodwill, net 1,855 — 1,855 Goodwill reduction in conjunction with sale of Summit Insurance Services, LLC — (4,710 ) (4,710 ) Balance, June 30, 2019 $ 12,417 $ — $ 12,417 Other Intangible Assets June 30, 2019 December 31, 2018 Dollars in thousands Community Banking Insurance Services Total Community Banking Insurances Services Total Identifiable intangible assets Gross carrying amount $ 14,727 $ 3,000 $ 17,727 $ 12,598 $ 3,000 $ 15,598 Less: accumulated amortization 3,559 2,367 5,926 2,728 2,300 5,028 Less: customer intangible reduction in conjunction with sale of Summit Insurance Services, LLC — 633 633 — — — Net carrying amount $ 11,168 $ — $ 11,168 $ 9,870 $ 700 $ 10,570 We recorded amortization expense of $897,000 and $848,000 for the six months ended June 30, 2019 and 2018 , respectively, relative to our identifiable intangible assets. Amortization relative to our identifiable intangible assets is expected to approximate the following during the next five years: Core Deposit Dollars in thousands Intangible 2019 $ 1,634 2020 1,513 2021 1,393 2022 1,273 2023 1,152 |
Deposits
Deposits | 6 Months Ended |
Jun. 30, 2019 | |
Deposits [Abstract] | |
Deposits | DEPOSITS The following is a summary of interest bearing deposits by type as of June 30, 2019 and December 31, 2018 : Dollars in thousands June 30, December 31, Demand deposits, interest bearing $ 588,948 $ 523,257 Savings deposits 301,403 284,173 Time deposits 672,745 605,276 Total $ 1,563,096 $ 1,412,706 Included in time deposits are deposits acquired through a third party (“brokered deposits”) totaling $222.9 million and $220.5 million at June 30, 2019 and December 31, 2018 , respectively. A summary of the scheduled maturities for all time deposits as of June 30, 2019 is as follows: Dollars in thousands Six month period ending December 31, 2019 $ 141,784 Year ending December 31, 2020 290,872 Year ending December 31, 2021 127,679 Year ending December 31, 2022 43,620 Year ending December 31, 2023 18,004 Thereafter 50,786 Total $ 672,745 The aggregate amount of time deposits in denominations that meet or exceed the FDIC insurance limit of $250,000 totaled $267.9 million at June 30, 2019 and $255.8 million at December 31, 2018 . |
Borrowed Funds
Borrowed Funds | 6 Months Ended |
Jun. 30, 2019 | |
Debt Disclosure [Abstract] | |
Borrowed Funds | BORROWED FUNDS Short-term borrowings: A summary of short-term borrowings is presented below: Six Months Ended June 30, 2019 2018 Dollars in thousands Short-term FHLB Advances Federal Funds Purchased and Lines of Credit Short-term FHLB Advances Federal Funds Purchased and Lines of Credit Balance at June 30 $ 225,200 $ 143 $ 199,900 $ 2,529 Average balance outstanding for the period 192,895 777 211,884 3,497 Maximum balance outstanding at any month end during period 225,200 143 262,000 3,523 Weighted average interest rate for the period 2.72 % 2.48 % 1.87 % 1.65 % Weighted average interest rate for balances outstanding at June 30 2.51 % 2.50 % 2.19 % 2.00 % Year Ended December 31, 2018 Dollars in thousands Short-term FHLB Advances Federal Funds Purchased and Lines of Credit Balance at December 31 $ 303,950 5,134 Average balance outstanding for the period 223,764 4,378 Maximum balance outstanding at any month end during period 303,950 7,534 Weighted average interest rate for the period 2.18 % 1.95 % Weighted average interest rate for balances outstanding at December 31 2.71 % 2.50 % Long-term borrowings: Our long-term borrowings of $726,000 and $735,000 at June 30, 2019 and December 31, 2018 , respectively, consisted of advances from the Federal Home Loan Bank (“FHLB”) and structured repurchase agreements with unaffiliated institutions. All FHLB advances are collateralized primarily by similar amounts of residential mortgage loans, certain commercial loans, mortgage backed securities and securities of U. S. Government agencies and corporations. Balance at June 30, Balance at Dollars in thousands 2019 2018 Long-term FHLB advances $ 726 $ 735 Total $ 726 $ 735 Our long term FHLB borrowings bear both fixed and variable rates and mature in varying amounts through the year 2026. The average interest rate paid on long-term borrowings and long-term repurchase agreements for the six month period ended June 30, 2019 was 5.34% compared to 4.26% for the first six months of 2018 . 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 June 30, 2019 and December 31, 2018 . The capital securities held by SFG Capital Trust I, SFG Capital Trust II, and SFG Capital Trust III qualify as Tier 1 capital under Federal Reserve Board guidelines. In accordance with these Guidelines, trust preferred securities generally are limited to 25% of Tier 1 capital elements, net of goodwill. The amount of trust preferred securities and certain other elements in excess of the limit can be included in Tier 2 capital. A summary of the maturities of all long-term borrowings and subordinated debentures for the next five years and thereafter is as follows: Dollars in thousands Long-term borrowings Subordinated debentures owed to unconsolidated subsidiary trusts Year Ending December 31, 2019 $ 9 $ — 2020 18 — 2021 20 — 2022 21 — 2023 22 — Thereafter 636 19,589 $ 726 $ 19,589 |
Share Based Compensation
Share Based Compensation | 6 Months Ended |
Jun. 30, 2019 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Share Based Compensation | SHARE-BASED COMPENSATION The 2014 Long-Term Incentive Plan (“2014 LTIP”) was adopted by our shareholders in May 2014 to enhance the ability of the Company to attract and retain exceptionally qualified individuals to serve as key employees. The LTIP provides for the issuance of up to 500,000 shares of common stock, in the form of equity awards including stock options, restricted stock, restricted stock units, stock appreciation rights ("SARs"), performance units, other stock-based awards or any combination thereof, to our key employees. Stock options awarded under the 2009 Officer Stock Option Plan and the 1998 Officer Stock Option Plan (collectively, the “Plans”) were not altered by the 2014 LTIP, and remain subject to the terms of the Plans. However, under the terms of the 2014 LTIP, all shares of common stock remaining issuable under the Plans at the time the 2014 LTIP was adopted ceased to be available for future issuance. Under the 2014 LTIP and the Plans, stock options and SARs have generally been granted with an exercise price equal to the fair value of Summit's common stock on the grant date. We periodically grant employee stock options to individual employees. During first quarter 2019, we granted 109,819 SARs that become exercisable ratably over five years ( 20% per year) and expire ten years after the grant date and granted 28,306 SARS that become exercisable ratably over seven years ( 14.29% per year) and expire ten years after the grant date. The fair value of our employee stock options and SARs granted under the Plans is estimated at the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that would otherwise have a significant effect on the value of employee stock options and SARs granted but are not considered by the model. Because our employee stock options and SARs have characteristics significantly different from those of traded options and because changes in the subjective input assumptions can materially affect the fair value estimate, in management’s opinion, the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options and SARs at the time of grant. The assumptions used to value SARs granted during 2019 were as follows: 5-year vesting SARs 7-year vesting SARs Risk-free interest rate 2.43 % 2.51 % Expected dividend yield 2.30 % 2.30 % Expected common stock volatility 35.71 % 40.84 % Expected life 6.5 years 7.0 years We recognize compensation expense based on the estimated number of stock awards expected to actually vest, exclusive of the awards expected to be forfeited. During the first six months of 2019 and 2018 , our share-based compensation expense was $281,000 and $193,000 and the related deferred tax benefits were approximately $67,000 and $46,000 . A summary of activity in our Plans during the first six months of 2019 and 2018 is as follows: For the Six Months Ended June 30, 2019 Options/SARs Aggregate Intrinsic Value (in thousands) Remaining Contractual Term (Yrs.) Weighted-Average Exercise Price Outstanding, January 1 232,091 $ 17.36 Granted 138,125 23.94 Exercised (31,413 ) 11.83 Forfeited — — Expired — — Outstanding, June 30 338,803 $ 2,132 7.66 $ 20.56 Exercisable, June 30 112,989 $ 1,189 5.84 $ 16.32 For the Six Months Ended June 30, 2018 Options/SARs Aggregate (in thousands) Remaining Contractual Term (Yrs.) Weighted-Average Exercise Price Outstanding, January 1 250,291 $ 17.75 Granted — — Exercised (200 ) 17.79 Forfeited (3,000 ) 26.01 Expired — — Outstanding, June 30 247,091 $ 2,272 6.83 $ 17.65 Exercisable, June 30 110,924 $ 1,225 5.72 $ 15.80 |
Commitments And Contingencies
Commitments And Contingencies | 6 Months Ended |
Jun. 30, 2019 | |
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 June 30, Commitments to extend credit: Revolving home equity and credit card lines $ 69,381 Construction loans 127,139 Other loans 163,887 Standby letters of credit 5,784 Total $ 366,191 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. We evaluate each customer's credit worthiness on a case-by-case basis. The amount of collateral obtained, if we deem necessary upon extension of credit, is based on our credit evaluation. Collateral held varies but may include accounts receivable, inventory, equipment or real estate. Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. Standby letters of credit generally are contingent upon the failure of the customer to perform according to the terms of the underlying contract with the third party. Our exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. We use the same credit policies in making commitments and conditional obligations as we do for on-balance sheet instruments. Operating leases We occupy certain facilities under long-term operating leases. The aggregate minimum annual rental commitments under those leases total approximately $115,000 in 2019 and $92,000 in 2020. Total net rent expense included in the accompanying consolidated financial statements was $100,000 for the six months ended June 30, 2019 and $140,000 for the six months ended June 30, 2018. Litigation We are not a party to litigation except for matters that arise in the normal course of business. While it is impossible to ascertain the ultimate resolution or range of financial liability if any, with respect to these contingent matters, in the opinion of management, the outcome of these matters will not have a significant adverse effect on the consolidated financial statements. |
Regulatory Matters
Regulatory Matters | 6 Months Ended |
Jun. 30, 2019 | |
Banking and Thrift [Abstract] | |
Regulatory Matters | REGULATORY MATTERS Our bank subsidiary, Summit Community Bank, Inc. (“Summit Community”), is subject to various regulatory capital requirements administered by the banking regulatory agencies. Under the capital adequacy guidelines and the regulatory framework for prompt corrective action, Summit Community must meet specific capital guidelines that involve quantitative measures of its assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. Our bank subsidiary’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require Summit Community to maintain minimum amounts and ratios of Common Equity Tier 1("CET1"), Total capital and Tier I capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier I capital (as defined) to average assets (as defined). We believe, as of June 30, 2019, 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 June 30, 2019, Summit Community’s capital levels remained characterized as "well-capitalized" under the new rules. See the Capital Requirements section included in Part I, Item 1 -- Business of our 2018 Annual Report on Form 10-K for further discussion of Basel III. On August 28, 2018, the Federal Reserve Board (the “Board”) issued an interim final rule expanding the applicability of the Board's small bank holding company policy statement, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018. The interim final rule raises the small bank holding company policy statement's asset threshold from $1 billion to $3 billion in total consolidated assets, and as a result, our holding company was exempted from all regulatory capital guidelines, to which it previously had been subject, until such time as its consolidated assets exceed $3 billion. The following table presents Summit's, as well as Summit Community's, actual and required minimum capital amounts and ratios as of June 30, 2019 and December 31, 2018 under the Basel III Capital Rules. The minimum required capital levels presented below reflect the minimum required capital levels (inclusive of the full capital conservation buffers) that will be effective as of January 1, 2019 when the Basel III Capital Rules have been fully phased-in. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules. Actual Minimum Required Capital - Basel III Fully Phased-in Minimum Required To Be Well Capitalized Dollars in thousands Amount Ratio Amount Ratio Amount Ratio As of June 30, 2019 CET1 (to risk weighted assets) Summit $ 212,502 11.1 % N/A N/A N/A N/A Summit Community 228,143 11.9 % 134,202 7.0 % 124,616 6.5 % Tier I Capital (to risk weighted assets) Summit 231,502 12.1 % N/A N/A N/A N/A Summit Community 228,143 11.9 % 162,959 8.5 % 153,373 8.0 % Total Capital (to risk weighted assets) Summit 244,654 12.8 % N/A N/A N/A N/A Summit Community 241,295 12.6 % 201,079 10.5 % 191,504 10.0 % Tier I Capital (to average assets) Summit 231,502 10.4 % N/A N/A N/A N/A Summit Community 228,143 10.2 % 89,468 4.0 % 111,835 5.0 % Actual Minimum Required Capital - Basel III Fully Phased-in Minimum Required To Be Well Capitalized Dollars in thousands Amount Ratio Amount Ratio Amount Ratio As of December 31, 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 % |
Derivative Financial Instrument
Derivative Financial Instruments | 6 Months Ended |
Jun. 30, 2019 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments | DERIVATIVE FINANCIAL INSTRUMENTS We have entered into four forward-starting, pay-fixed/receive LIBOR interest rate swaps. $ 40 million notional with an effective date of July 18, 2016, was designated as a cash flow hedge of $ 40 million of forecasted variable rate Federal Home Loan Bank advances. Under the terms of this swap we will pay a fixed rate of 2.98% for a 3 year period. $ 30 million notional with an effective date of April 18, 2016, was designated as a cash flow hedge of $ 30 million of forecasted variable rate Federal Home Loan Bank advances. Under the terms of this swap we will pay a fixed rate of 2.89% for a 4.5 year period. $ 40 million notional with an effective date of October 18, 2016, was designated as a cash flow hedge of $ 40 million of forecasted variable rate Federal Home Loan Bank advances. Under the terms of the swap we will pay a fixed rate of 2.84% for a 3 year period. $40 million notional with an effective date of October 18, 2019, 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 2.19% for a 2 year period. We have entered into two pay fixed/receive variable interest rate swaps to hedge fair value variability of two commercial fixed rate loans with the same principal, amortization, and maturity terms of the underlying loans, which are designated as fair value hedges. Under the terms of a $9.95 million original notional swap with an effective date of January 15, 2015, we will pay a fixed rate of 4.33% for a 10 year period. Under the terms of a $11.3 million original notional swap with an effective date of December 18, 2015, we will pay a fixed rate of 4.30% for a 10 year period. A summary of our derivative financial instruments as of June 30, 2019 and December 31, 2018 follows: June 30, 2019 Notional Amount Derivative Fair Value Net Ineffective Dollars in thousands Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 150,000 $ — $ 968 $ — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 19,107 $ — $ 279 $ — December 31, 2018 Notional Amount Derivative Fair Value Net Ineffective Dollars in thousands Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 110,000 $ — $ 411 $ — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 19,399 $ 555 $ — $ — Loan commitments: ASC Topic 815, Derivatives and Hedging, requires that commitments to make mortgage loans should be accounted for as derivatives if the loans are to be held for sale, because the commitment represents a written option and accordingly is recorded at the fair value of the option liability. |
Acquisitions Acquisitions
Acquisitions Acquisitions | 6 Months Ended |
Jun. 30, 2019 | |
Business Combinations [Abstract] | |
Business Combination Disclosure [Text Block] | ACQUISITIONS Peoples Bankshares, Inc. On January 1, 2019, Summit Community Bank, Inc. ("SCB"), a wholly-owned subsidiary of Summit, acquired 100% of the ownership of Peoples Bankshares, Inc. ("PBI") and its subsidiary First Peoples Bank, headquartered in Mullens, West Virginia. With this transaction, Summit further expands its footprint in Wyoming and Raleigh Counties of West Virginia. Pursuant to the Agreement and Plan of Merger dated July 24, 2018, PBI's shareholders received cash in the amount of $47.00 per share or 1.7193 shares of Summit common stock, or a combination of cash and Summit stock, subject to proration to result in approximately 50% cash and 50% stock consideration in the aggregate. Total stock consideration was $9.0 million or 465,931 shares of Summit common stock and cash consideration was $12.7 million . PBI's assets and liabilities approximated $133 million and $113 million , respectively, at December 31, 2018. We accounted for the acquisition using the acquisition method of accounting in accordance with ASC 805, Business Combinations and accordingly, the assets and liabilities of PBI were recorded at their respective acquisition date fair values. Determining the fair value of assets and liabilities, particularly related to the loan portfolio, is a complicated process involving significant judgment regarding methods and assumptions used to calculate the estimated fair values. The fair values are preliminary and subject to refinement for up to one year after the acquisition date as additional information relative to the acquisition date fair values becomes available. We recognized goodwill of $1.85 million in connection with the acquisition, which is not amortized for financial reporting purposes, but is subject to annual impairment testing. The core deposit intangible represents the value of long-term deposit relationships acquired in this transaction and will be amortized over an estimated weighted average life of 15 years using an accelerated method which approximates the estimated run-off of the acquired deposits. The following table details the total consideration paid on January 1, 2019 in connection with the acquisition of PBI, the fair values of the assets acquired and liabilities assumed and the resulting preliminary goodwill. (Dollars in thousands) As Recorded by PBI Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 12,740 Stock consideration 8,997 Total consideration 21,737 Identifiable assets acquired: Cash and cash equivalents $ 33,422 $ (93 ) $ 33,329 Securities available for sale, at fair value 55,206 (93 ) 55,113 Loans Purchased performing 42,376 (977 ) 41,399 Purchased credit impaired — — — Allowance for loan losses (410 ) 410 — Premises and equipment 1,382 (567 ) 815 Property held for sale — — — Core deposit intangibles — 2,129 2,129 Other assets 1,110 (100 ) 1,010 Total identifiable assets acquired $ 133,086 $ 709 $ 133,795 Identifiable liabilities assumed: Deposits 112,064 315 112,379 Other liabilities 1,422 111 1,533 Total identifiable liabilities assumed $ 113,486 $ 426 $ 113,912 Net identifiable assets acquired $ 19,600 $ 283 $ 19,883 Goodwill resulting from acquisition $ 1,854 The following is a description of the methods used to determine the fair values of significant assets and liabilities presented above. Cash and cash equivalents: The carrying amount of these assets approximates their fair value based on the short-term nature of these assets, with the exception of certificates of deposits held at other banks, which were adjusted to fair value based upon current interest rates. Securities : Fair values for securities are based on quoted market prices, where available. If quoted market prices are not available, fair value estimates are based on observable inputs including quoted market prices for similar instruments, quoted market prices that are not in an active market or other inputs that are observable in the market. Loans: Fair values for loans are based on a discounted cash flow methodology that considered factors including the type of loan and related collateral, collectibility, fixed or variable interest rate, term of loan, amortization status and current market rates. Loans were grouped together according to similar characteristics and were treated in the aggregate when applying various valuation techniques. The discount rates used for loans are based on current market rates for new originations of comparable loans and include adjustments for liquidity concerns, if any. Premises and equipment: The fair value of PBI's real property was determined based upon appraisals by licensed appraisers. The fair value of tangible personal property, which is not material, was assumed to equal the carrying value by PBI. Core deposit intangible: This intangible asset represents the value of the relationships with deposit customers. The fair value was estimated based on a discounted cash flow methodology that gave appropriate consideration to expected customer attrition rates, cost of the deposit base, reserve requirements and the net maintenance cost attributable to customer deposits. Deposits: The fair values of the demand and savings deposits by definition equal the amount payable on demand at the acquisition date. The fair values for time deposits are estimated using a discounted cash flow calculation that applies interest rates currently being offered to the contractual interest rates on such time deposits. Loans acquired in a business combination are recorded at estimated fair value on the date of acquisition without the carryover of the related allowance for loan losses. Purchased credit-impaired (PCI) loans are those for which there is evidence of credit deterioration since origination and for which it is probable at the date of acquisition that we will not collect all contractually required principal and interest payments. When determining fair value, PCI loans are identified as of the date of acquisition based upon evidence of credit quality such as internal risk grades and past due and nonaccrual status. The difference between contractually required payments of principal and interest at acquisition and the cash flows expected to be collected at acquisition is accounted for as a"nonaccretable difference," and is available to absorb future credit losses on those loans. For purposes of determining the nonaccretable difference, no prepayments are generally assumed in determining contractually required payments of principal and interest or cash flows expected to be collected. Subsequent decreases to the expected cash flows will generally result in a provision for loan losses. Subsequent significant increases in cash flows may result in a reversal of the provision for loan losses to the extent of prior charges, or a transfer from nonaccretable difference to accretable yield. Further, any excess of cash flows expected at acquisition over the estimated fair value is accounted for as accretable yield and is recognized as interest income over the remaining life of the loan when there is a reasonable expectation about the amount and timing of such cash flows. No acquired PBI loans were designated as PCI loans. Loans not designated PCI loans as of the acquisition date are designated purchased performing loans. We account for purchased performing loans using the contractual cash flows method of recognizing discount accretion based on the acquired loans’ contractual cash flows. Purchased performing loans are recorded at fair value, including a credit discount. The fair value discount is accreted as an adjustment to yield over the estimated lives of the loans. There is no allowance for loan losses established at the acquisition date for purchased performing loans. A provision for loan losses is recorded for any deterioration in these loans subsequent to the acquisition. The following presents the financial effects of adjustments recognized in the statements of income for the three and six months ended June 30, 2019 and 2018 related to business combinations that occurred during 2016, 2017 and 2018. Income increase (decrease) Dollars in thousands Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Interest and fees on loans $ 425 $ 56 $ 467 $ 201 Interest expense on deposits 82 53 170 114 Amortization of intangibles (404 ) (363 ) (830 ) (748 ) Income before income tax expense $ 103 $ (254 ) $ (193 ) $ (433 ) |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) | 6 Months Ended |
Jun. 30, 2019 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Comprehensive Income (Loss) Note [Text Block] | ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following is changes in accumulated other comprehensive income (loss) by component, net of tax, for the three and six months ending June 30, 2019 and 2018 . For the Three Months Ended Dollars in thousands Gains and Losses on Pension Plan Gains and Losses on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ (328 ) $ 139 $ (323 ) $ 1,626 $ 1,114 Other comprehensive income (loss) before reclassification — — (414 ) 2,346 1,932 Amounts reclassified from accumulated other comprehensive income — — — (825 ) (825 ) Net current period other comprehensive income (loss) — — (414 ) 1,521 1,107 Ending balance $ (328 ) $ 139 $ (737 ) $ 3,147 $ 2,221 For the Three Months Ended Dollars in thousands Gains and Losses on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ 398 $ (849 ) $ (437 ) $ (888 ) Other comprehensive (loss) income before reclassification — 377 (409 ) (32 ) Amounts reclassified from accumulated other comprehensive income — — (66 ) (66 ) Net current period other comprehensive (loss) income — 377 (475 ) (98 ) Ending balance $ 398 $ (472 ) $ (912 ) $ (986 ) For the Six Months Ended Dollars in thousands Gains and Losses on Pension Plan Gains and Losses on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ — $ 139 $ (314 ) $ (841 ) $ (1,016 ) Other comprehensive income (loss) before reclassification (328 ) — (423 ) 4,810 4,059 Amounts reclassified from accumulated other comprehensive income — — — (822 ) (822 ) Net current period other comprehensive income (loss) (328 ) — (423 ) 3,988 3,237 Ending balance $ (328 ) $ 139 $ (737 ) $ 3,147 $ 2,221 For the Six Months Ended Dollars in thousands Gains and Losses on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ 398 $ (1,564 ) $ 2,898 $ 1,732 Other comprehensive (loss) income before reclassification — 1,092 (3,188 ) (2,096 ) Amounts reclassified from accumulated other comprehensive income — — (622 ) (622 ) Net current period other comprehensive (loss) income — 1,092 (3,810 ) (2,718 ) Ending balance $ 398 $ (472 ) $ (912 ) $ (986 ) |
Income Taxes Income Taxes
Income Taxes Income Taxes | 6 Months Ended |
Jun. 30, 2019 | |
Income Tax Disclosure [Abstract] | |
Income Tax Disclosure [Text Block] | INCOME TAXES Our income tax expense for the three months ended June 30, 2019 and June 30, 2018 totaled $1.9 million and $1.7 million , respectively. For the six months ended June 30, 2019 and June 30, 2018 our income tax expense totaled $3.5 million . Our effective tax rate (income tax expense as a percentage of income before taxes) for the quarters ended June 30, 2019 and 2018 was 18.0% and 20.9% , respectively, and for the six months ended June 30, 2019 and 2018 were 18.2% and 20.5% , respectively. A reconciliation between the statutory income tax rate and our effective income tax rate for the three and six months ended June 30, 2019 and 2018 is as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2019 2018 2019 2018 Dollars in thousands Percent Percent Percent Percent Applicable statutory rate 21.0 % 21.0 % 21.0 % 21.0 % Increase (decrease) in rate resulting from: Tax-exempt interest and dividends, net (1.9 )% (3.2 )% (2.2 )% (2.9 )% State income taxes, net of Federal income tax benefit 1.6 % 2.3 % 1.8 % 2.2 % Low-income housing and rehabilitation tax credits (0.9 )% (1.2 )% (0.7 )% (1.1 )% Other, net (1.8 )% 2.0 % (1.7 )% 1.3 % Effective income tax rate 18.0 % 20.9 % 18.2 % 20.5 % The components of applicable income tax expense for the three and six months ended June 30, 2019 and 2018 are as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, Dollars in thousands 2019 2018 2019 2018 Current Federal $ 1,596 $ 1,464 $ 3,247 $ 3,217 State 206 233 470 510 1,802 1,697 3,717 3,727 Deferred Federal 68 (34 ) (206 ) (167 ) State 10 (5 ) (30 ) (26 ) 78 (39 ) (236 ) (193 ) Total $ 1,880 $ 1,658 $ 3,481 $ 3,534 |
Revenue Recognition Revenue fro
Revenue Recognition Revenue from Contracts with Customers (Notes) | 6 Months Ended |
Jun. 30, 2019 | |
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. 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 consisted of commissions we earned as agents of insurers for selling group employee benefit and property and casualty insurance products to clients prior to May 1, 2019 (the sale date of SIS). Group employee benefit insurance commissions were recognized over time (generally monthly) as the related customary implied servicing obligations of group policyholders were fulfilled. Property and casualty insurance commissions were recognized using methods which approximated the time of placement of the underlying policy. We were paid insurance commissions ratably as the related policy premiums were 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: Three Months Ended June 30, Six Months Ended June 30, Dollars in thousands 2019 2018 2019 2018 Service fees on deposit accounts $ 1,224 $ 1,116 $ 2,405 $ 2,207 Bank card revenue 893 801 1,707 1,550 Trust and wealth management fees 612 672 1,198 1,339 Insurance commissions 606 1,013 1,780 2,126 Other 70 58 158 137 Net revenue from contracts with customers 3,405 3,660 7,248 7,359 Non-interest income within the scope of other ASC topics 3,405 488 3,792 1,664 Total noninterest income $ 6,810 $ 4,148 $ 11,040 $ 9,023 Gain or loss on sale of foreclosed properties is recorded when control of the property transfers to the buyer, which generally occurs at the time of transfer of the deed. If Summit finances the sale of a foreclosed property to the buyer, we assess whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the foreclosed property is derecognized and the gain or loss on sale is recorded upon transfer of control of the property to the buyer. For the three months ended June 30, 2019 and June 30, 2018, net losses on sales of foreclosed properties were $(156,000) and $(58,000) , respectively. For the six months ended June 30, 2019 and June 30, 2018, net (losses)/gains on sales of foreclosed properties were $(158,000) and $6,000 , respectively. |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis. Balance at Fair Value Measurements Using: Dollars in thousands June 30, 2019 Level 1 Level 2 Level 3 Securities available for sale U.S. Government sponsored agencies $ 23,724 $ — $ 23,724 $ — Mortgage backed securities: Government sponsored agencies 75,334 — 75,334 — Nongovernment sponsored entities 9,170 — 9,170 — State and political subdivisions 23,365 — 23,365 — Corporate debt securities 16,972 — 16,972 — Asset-backed securities 33,452 — 33,452 — Tax-exempt state and political subdivisions 87,903 — 87,903 — Total securities available for sale $ 269,920 $ — $ 269,920 $ — Derivative financial assets Interest rate swaps $ — $ — $ — $ — Derivative financial liabilities Interest rate swaps $ 1,247 $ — $ 1,247 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2018 Level 1 Level 2 Level 3 Securities available for sale 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 securities available for sale $ 293,147 $ — $ 293,147 $ — Derivative financial assets Interest rate swaps $ 555 $ — $ 555 $ — Derivative financial liabilities Interest rate swaps $ 411 $ — $ 411 $ — |
Fair Value Measurements, Nonrecurring | Assets measured at fair value on a nonrecurring basis are included in the table below. Balance at Fair Value Measurements Using: Dollars in thousands June 30, 2019 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 314 $ — $ 314 $ — Collateral-dependent impaired loans Commercial $ 238 $ — $ 8 $ 230 Commercial real estate 420 $ — 420 — Construction and development 515 $ — 515 — Residential real estate 717 — 646 71 Total collateral-dependent impaired loans $ 1,890 $ — $ 1,589 $ 301 Property held for sale Commercial real estate $ 1,414 $ — $ 1,414 $ — Construction and development 14,427 — 14,427 — Residential real estate 783 — 783 — Total property held for sale $ 16,624 $ — $ 16,624 $ — 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 $ — |
Fair Value, by Balance Sheet Grouping | The carrying values and estimated fair values of our financial instruments are summarized below: June 30, 2019 Fair Value Measurements Using: Dollars in thousands Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 56,475 $ 56,475 $ — $ 56,475 $ — Securities available for sale 269,920 269,920 — 269,920 — Other investments 14,238 14,238 — 14,238 — Loans held for sale, net 314 314 — 314 — Loans, net 1,805,850 1,808,046 — 1,589 1,806,457 Accrued interest receivable 8,909 8,909 — 8,909 — Derivative financial assets — — — — — $ 2,155,706 $ 2,157,902 $ — $ 351,445 $ 1,806,457 Financial liabilities Deposits $ 1,797,493 $ 1,803,314 $ — $ 1,803,314 $ — Short-term borrowings 225,343 225,343 — 225,343 — Long-term borrowings 726 867 — 867 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 1,370 1,370 — 1,370 — Derivative financial liabilities 1,247 1,247 — 1,247 — $ 2,045,768 $ 2,051,730 $ — $ 2,051,730 $ — 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 $ — |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted | The computations of basic and diluted earnings per share follow: For the Three Months Ended June 30, 2019 2018 Dollars in thousands,except per share amounts Net Income (Numerator) Common Shares (Denominator) Per Share Net Income Common Shares (Denominator) Per Share Net income $ 8,564 $ 6,280 Basic earnings per share $ 8,564 12,539,095 $ 0.68 $ 6,280 12,366,522 $ 0.51 Effect of dilutive securities: Stock options 5,052 7,814 Stock appreciation rights (SARs) 55,924 57,648 Diluted earnings per share $ 8,564 12,600,071 $ 0.68 $ 6,280 12,431,984 $ 0.51 For the Six Months Ended June 30, 2019 2018 Dollars in thousands,except per share amounts Income (Numerator) Common Shares (Denominator) Per Share Income (Numerator) Common Shares (Denominator) Per Share Net income $ 15,656 $ 13,723 Basic earnings per share $ 15,656 12,627,806 $ 1.24 $ 13,723 12,362,679 $ 1.11 Effect of dilutive securities: Stock options 5,182 7,668 Stock appreciation rights (SARs) 55,877 55,405 Diluted earnings per share $ 15,656 12,688,865 $ 1.23 $ 13,723 12,425,751 $ 1.10 |
Securities (Tables)
Securities (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Debt Securities, Available-for-sale [Abstract] | |
Available-for-sale Securities | The amortized cost, unrealized gains, unrealized losses and estimated fair values of securities at June 30, 2019 and December 31, 2018 are summarized as follows: June 30, 2019 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 23,807 $ 259 $ 342 $ 23,724 Residential mortgage-backed securities: Government-sponsored agencies 74,976 974 616 75,334 Nongovernment-sponsored entities 9,245 13 88 9,170 State and political subdivisions General obligations 3,184 69 — 3,253 Water and sewer revenues 3,750 82 — 3,832 Other revenues 15,680 600 — 16,280 Corporate debt securities 17,267 28 323 16,972 Asset-backed securities 34,078 — 626 33,452 Total taxable debt securities 181,987 2,025 1,995 182,017 Tax-exempt debt securities State and political subdivisions General obligations 43,198 2,352 2 45,548 Water and sewer revenues 12,924 621 — 13,545 Lease revenues 8,567 485 — 9,052 University revenues 3,439 101 — 3,540 Other revenues 15,663 568 13 16,218 Total tax-exempt debt securities 83,791 4,127 15 87,903 Total securities available for sale $ 265,778 $ 6,152 $ 2,010 $ 269,920 December 31, 2018 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 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 securities available for sale $ 294,251 $ 1,907 $ 3,011 $ 293,147 |
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. June 30, 2019 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value California $ 16,108 $ 1,126 $ 2 $ 17,232 Illinois 15,518 512 — 16,030 Michigan 10,940 481 — 11,421 West Virginia 9,399 219 13 9,605 New York 8,561 348 — 8,909 |
Investments Classified by Contractual Maturity Date | The maturities, amortized cost and estimated fair values of securities at June 30, 2019 , are summarized as follows: Dollars in thousands Amortized Cost Estimated Fair Value Due in one year or less $ 35,134 $ 35,149 Due from one to five years 79,573 79,582 Due from five to ten years 59,026 59,183 Due after ten years 92,045 96,006 $ 265,778 $ 269,920 |
Schedule of Realized Gain (Loss) | The proceeds from sales, calls and maturities of securities available for sale, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized, for the six months ended June 30, 2019 and 2018 are as follows: Proceeds from Gross realized Dollars in thousands Sales Calls and Maturities Principal Payments Gains Losses For the Six Months Ended 2019 Securities available for sale $ 114,171 $ 1,445 $ 13,822 $ 1,213 $ 131 2018 Securities available for sale $ 69,235 $ 1,050 $ 13,393 $ 1,637 $ 818 |
Schedule of Unrealized Loss on Investments | Provided below is a summary of securities available for sale which were in an unrealized loss position at June 30, 2019 and December 31, 2018 . June 30, 2019 Less than 12 months 12 months or more Total Dollars in thousands # of securities in loss position Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Taxable debt securities U.S. Government agencies and corporations 15 $ — $ — $ 17,371 $ 342 $ 17,371 $ 342 Residential mortgage-backed securities: Government-sponsored agencies 25 17,041 301 16,460 315 33,501 616 Nongovernment-sponsored entities 3 7,002 88 — — 7,002 88 Corporate debt securities 8 5,171 117 2,544 206 7,715 323 Asset-backed securities 15 33,452 626 — — 33,452 626 Tax-exempt debt securities State and political subdivisions: General obligations 1 690 2 — — 690 2 Other revenues 1 — — 1,023 13 1,023 13 Total 68 63,356 1,134 37,398 876 100,754 2,010 December 31, 2018 Less than 12 months 12 months or more Total Dollars in thousands # of securities in loss position Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss 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 134 75,442 791 84,860 2,220 160,302 3,011 |
Loans (Tables)
Loans (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Loans and Leases Receivable Disclosure [Abstract] | |
Summary of Loans, Net of Unearned Fees | Loans are summarized as follows: Dollars in thousands June 30, December 31, Commercial $ 204,138 $ 194,315 Commercial real estate Owner-occupied 262,901 257,256 Non-owner occupied 574,677 573,932 Construction and development Land and land development 67,769 68,833 Construction 46,975 24,731 Residential real estate Non-jumbo 360,752 336,977 Jumbo 70,171 73,599 Home equity 81,373 80,910 Mortgage warehouse lines 101,607 39,140 Consumer 36,715 32,460 Other 11,924 12,899 Total loans, net of unearned fees 1,819,002 1,695,052 Less allowance for loan losses 13,152 13,047 Loans, net $ 1,805,850 $ 1,682,005 |
Schedule of Acquired Loans | The outstanding balance and the recorded investment of acquired loans included in the consolidated balance sheet at June 30, 2019 and December 31, 2018 are as follows: Acquired Loans June 30, 2019 December 31, 2018 Dollars in thousands Purchased Credit Impaired Purchased Performing Total Purchased Credit Impaired Purchased Performing Total Outstanding balance $ 4,282 $ 154,564 $ 158,846 $ 4,275 $ 138,167 $ 142,442 Recorded investment Commercial $ — $ 4,056 $ 4,056 $ — $ 3,934 $ 3,934 Commercial real estate Owner-occupied — 19,729 19,729 — 16,133 16,133 Non-owner occupied 1,262 16,801 18,063 1,162 23,431 24,593 Construction and development Land and land development — 4,178 4,178 — 5,161 5,161 Construction — — — — — — Residential real estate Non-jumbo 1,293 96,352 97,645 1,374 77,894 79,268 Jumbo 962 3,144 4,106 975 2,577 3,552 Home equity — 2,440 2,440 — 2,805 2,805 Consumer — 5,854 5,854 — 4,630 4,630 Other — 15 15 — 122 122 Total recorded investment $ 3,517 $ 152,569 $ 156,086 $ 3,511 $ 136,687 $ 140,198 |
Summary of Change in Accretable Yield PCI Loans | The following table presents a summary of the change in the accretable yield of the purchased credit impaired ("PCI") loan portfolio for the three and six months ended June 30, 2019 and 2018 : For the Three Months Ended June 30, For the Six Months Ended June 30, Dollars in thousands 2019 2018 2019 2018 Accretable yield $ 623 $ 708 $ 632 $ 745 Accretion (26 ) (32 ) (34 ) (69 ) Reclassification of nonaccretable difference due to improvement in expected cash flows — — — — Other changes, net — — (1 ) — Accretable yield, June 30 $ 597 $ 676 $ 597 $ 676 |
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 June 30, 2019 and December 31, 2018 . At June 30, 2019 Past Due > 90 days and Accruing Dollars in thousands 30-59 days 60-89 days > 90 days Total Current Commercial $ 327 $ 137 $ 700 $ 1,164 $ 202,974 $ — Commercial real estate Owner-occupied 520 — 4,454 4,974 257,927 — Non-owner occupied — 1,205 1,463 2,668 572,009 — Construction and development Land and land development 258 — 43 301 67,468 — Construction — — — — 46,975 — Residential mortgage Non-jumbo 5,686 806 2,564 9,056 351,696 119 Jumbo 642 — — 642 69,529 — Home equity 101 94 258 453 80,920 21 Mortgage warehouse lines — — — — 101,607 — Consumer 230 63 109 402 36,313 68 Other — — 100 100 11,824 — Total $ 7,764 $ 2,305 $ 9,691 $ 19,760 $ 1,799,242 $ 208 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 — — 612 612 256,644 — Non-owner occupied 156 255 1,756 2,167 571,765 — 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 |
Schedule of Financing Receivables, Non Accrual Status | The following table presents the nonaccrual loans included in the net balance of loans at June 30, 2019 and December 31, 2018 . June 30, December 31, Dollars in thousands 2019 2018 Commercial $ 948 $ 935 Commercial real estate Owner-occupied 4,624 1,028 Non-owner occupied 1,920 2,210 Construction and development Land & land development 66 3,198 Construction — — Residential mortgage Non-jumbo 4,561 6,532 Jumbo 642 675 Home equity 314 299 Mortgage warehouse lines — — Consumer 92 112 Other 100 — Total $ 13,267 $ 14,989 |
Impaired Financing Receivables | The following tables present loans individually evaluated for impairment at June 30, 2019 and December 31, 2018 . June 30, 2019 Dollars in thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Impaired Balance Interest Income Recognized while impaired Without a related allowance Commercial $ 5,215 $ 5,216 $ — $ 5,371 $ 334 Commercial real estate Owner-occupied 8,867 8,872 — 8,822 207 Non-owner occupied 10,814 10,821 — 9,967 504 Construction and development Land & land development 1,088 1,088 — 1,129 68 Construction — — — — — Residential real estate Non-jumbo 3,705 3,711 — 3,698 198 Jumbo 4,022 4,021 — 4,044 190 Home equity 523 523 — 523 32 Mortgage warehouse lines — — — — — Consumer 15 15 — 10 1 Total without a related allowance $ 34,249 $ 34,267 $ — $ 33,564 $ 1,534 With a related allowance Commercial $ 269 $ 269 $ 30 $ 184 $ 1 Commercial real estate Owner-occupied 2,915 2,914 444 2,924 114 Non-owner occupied — — — — — Construction and development Land & land development 1,035 1,036 521 1,041 57 Construction — — — — — Residential real estate Non-jumbo 2,371 2,370 678 2,341 74 Jumbo — — — — — Home equity — — — — — Mortgage warehouse lines — — — — — Consumer — — — — — Total with a related allowance $ 6,590 $ 6,589 $ 1,673 $ 6,490 $ 246 Total Commercial $ 30,203 $ 30,216 $ 995 $ 29,438 $ 1,285 Residential real estate 10,621 10,625 678 10,606 494 Consumer 15 15 — 10 1 Total $ 40,839 $ 40,856 $ 1,673 $ 40,054 $ 1,780 The table above does not include PCI loans. 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 table above does not include PCI loans. |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | The following tables present by class the TDRs that were restructured during the three and six months ended June 30, 2019 and June 30, 2018 . Generally, the modifications were extensions of term, modifying the payment terms from principal and interest to interest only for an extended period, or reduction in interest rate. All TDRs are evaluated individually for allowance for loan loss purposes. For the Three Months Ended For the Three Months Ended Dollars in thousands Number of Modifications Pre-modification Recorded Investment Post-modification Recorded Investment Number of Modifications Pre-modification Recorded Investment Post-modification Recorded Investment Commercial — $ — $ — 2 $ 157 $ 157 Residential real estate Non-jumbo — — — 5 741 741 Total — $ — $ — 7 $ 898 $ 898 For the Six Months Ended For the Six Months Ended Dollars in thousands Number of Modifications Pre-modification Recorded Investment Post-modification Recorded Investment Number of Modifications Pre-modification Recorded Investment Post-modification Recorded Investment Commercial — $ — $ — 2 $ 157 $ 157 Commercial real estate Owner-occupied 1 325 325 — — — Non-owner occupied 4 324 324 — — — Residential real estate Non-jumbo 7 410 410 6 805 805 Consumer 1 16 16 — — — Total 13 $ 1,075 $ 1,075 8 $ 962 $ 962 |
Schedule of Defaults During Stated Period of Trouble Debt Restructurings | The following tables present defaults during the stated period of TDRs that were restructured during the past twelve months. For purposes of these tables, a default is considered as either the loan was past due 30 days or more at any time during the period, or the loan was fully or partially charged off during the period. For the Three Months Ended For the Three Months Ended Dollars in thousands Number of Defaults Recorded Investment at Default Date Number of Defaults Recorded Investment at Default Date Commercial — $ — 2 $ 157 Commercial real estate Owner-occupied — — 1 2,302 Non-owner occupied 1 126 1 341 Construction and development Land & land development — — 1 438 Residential real estate Non-jumbo 4 193 2 506 Total 5 $ 319 7 $ 3,744 For the Six Months Ended For the Six Months Ended Dollars in thousands Number of Defaults Recorded Investment at Default Date Number of Defaults Recorded Investment at Default Date Commercial — $ — 2 $ 157 Commercial real estate Owner-occupied — — 1 2,302 Non-owner occupied 1 126 1 341 Construction and development Land & land development — — 1 438 Residential real estate Non-jumbo 4 193 3 712 Total 5 $ 319 8 $ 3,950 |
Schedule of the Activity Regarding TDRs by Loan Type | The following tables detail the activity regarding TDRs by loan type, net of fees, for the three and six months ended June 30, 2019 , and the related allowance on TDRs. For the Three Months Ended June 30, 2019 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 April 1, 2019 $ 2,629 $ — $ 265 $ 9,629 $ 5,676 $ 4,869 $ 4,231 $ 523 $ — $ 23 $ — $ 27,845 Additions — — — — — — — — — — — — Charge-offs — — — — — — — — — — — — Net (paydowns) advances (506 ) — (32 ) (41 ) (52 ) (174 ) (851 ) — — (8 ) — (1,664 ) Transfer into foreclosed properties — — — — — — — — — — — — Refinance out of TDR status — — — — — — — — — — — — Balance, June 30, 2019 $ 2,123 $ — $ 233 $ 9,588 $ 5,624 $ 4,695 $ 3,380 $ 523 $ — $ 15 $ — $ 26,181 Allowance related to troubled debt restructurings $ 521 $ — $ 6 $ 271 $ — $ 200 $ — $ — $ — $ — $ — $ 998 For the Six Months Ended June 30, 2019 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, 2019 $ 2,654 $ — $ 273 $ 9,365 $ 5,404 $ 4,490 $ 4,278 $ 523 $ — $ 10 $ — $ 26,997 Additions — — — 325 324 410 — — — 16 — 1,075 Charge-offs — — — — — — — — — — — — Net (paydowns) advances (531 ) — (40 ) (102 ) (104 ) (205 ) (898 ) — — (11 ) — (1,891 ) Transfer into foreclosed properties — — — — — — — — — — — — Refinance out of TDR status — — — — — — — — — — — — Balance, June 30, 2019 $ 2,123 $ — $ 233 $ 9,588 $ 5,624 $ 4,695 $ 3,380 $ 523 $ — $ 15 $ — $ 26,181 Allowance related to troubled debt restructurings $ 521 $ — $ 6 $ 271 $ — $ 200 $ — $ — $ — $ — $ — $ 998 |
Financing Receivable Credit Quality Indicators | The following table presents the recorded investment in construction and development, commercial, and commercial real estate loans which are generally evaluated based upon our internal risk ratings. Loan Risk Profile by Internal Risk Rating Construction and Development Commercial Real Estate Land and Land Development Construction Commercial Owner Occupied Non-Owner Occupied Mortgage Warehouse Lines Dollars in thousands 6/30/2019 12/31/2018 6/30/2019 12/31/2018 6/30/2019 12/31/2018 6/30/2019 12/31/2018 6/30/2019 12/31/2018 6/30/2019 12/31/2018 Pass $ 65,893 $ 63,743 $ 46,835 $ 24,589 $ 196,706 $ 182,651 $ 255,527 $ 250,254 $ 565,858 $ 565,715 $ 101,607 $ 39,140 OLEM (Special Mention) 461 472 140 142 1,572 6,748 2,421 1,864 1,653 1,554 — — Substandard 1,415 4,618 — — 5,860 4,916 4,953 5,138 7,166 6,663 — — Doubtful — — — — — — — — — — — — Loss — — — — — — — — — — — — Total $ 67,769 $ 68,833 $ 46,975 $ 24,731 $ 204,138 $ 194,315 $ 262,901 $ 257,256 $ 574,677 $ 573,932 $ 101,607 $ 39,140 |
Schedule of Recorded Investment Evaluated Based on Aging Status of Loans and Payment Activity | The following table presents the recorded investment and payment activity in consumer, residential real estate, and home equity loans, which are generally evaluated based on the aging status of the loans. Performing Nonperforming Dollars in thousands 6/30/2019 12/31/2018 6/30/2019 12/31/2018 Residential real estate Non-jumbo $ 356,071 $ 330,445 $ 4,681 $ 6,532 Jumbo 69,529 72,924 642 675 Home Equity 81,039 80,611 334 299 Consumer 36,555 32,312 160 148 Other 11,824 12,899 100 — Total $ 555,018 $ 529,191 $ 5,917 $ 7,654 |
Allowance For Loan Losses (Tabl
Allowance For Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
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 six month period ended June 30, 2019 and for the year ended December 31, 2018 is as follows: June 30, December 31, Dollars in thousands 2019 2018 Balance, beginning of year $ 13,047 $ 12,565 Charge-offs: Commercial 17 248 Commercial real estate Owner occupied 2 38 Non-owner occupied — 619 Construction and development Land and land development — 259 Construction — — Residential real estate Non-jumbo 418 887 Jumbo — — Home equity — 26 Mortgage warehouse lines — — Consumer 194 244 Other 174 282 Total 805 2,603 Recoveries: Commercial 7 16 Commercial real estate Owner occupied 13 23 Non-owner occupied — — Construction and development Land and land development 104 270 Construction — — Residential real estate Non-jumbo 48 228 Jumbo — 25 Home equity 15 10 Mortgage warehouse lines — — Consumer 100 141 Other 73 122 Total 360 835 Net charge-offs 445 1,768 Provision for loan losses 550 2,250 Balance, end of period $ 13,152 $ 13,047 |
Allowance for Credit Losses on Financing Receivables | The following table presents the activity in the allowance for loan losses, balance in the allowance for loan losses and recorded investment in loans by portfolio segment and based on impairment during the first six months of 2019 and for the year ended 2018: For the Six Months Ended June 30, 2019 At June 30, 2019 At June 30, 2019 Allowance for loan losses Allowance related to: Loans Beginning Balance Charge- offs Recoveries Provision Ending Balance Loans individua- lly evaluated for impairm- ent Loans collective- ly evaluated for impairm- ent Loans acquired with deteriora- ted credit quality (PCI) Total Loans individua- lly evaluated for impairm- ent Loans collective- ly evaluated for impairm- ent Loans Total Commercial $ 1,705 $ (17 ) $ 7 $ (491 ) $ 1,204 $ 30 $ 1,174 $ — $ 1,204 $ 5,484 $ 198,654 $ — $ 204,138 Commercial real estate Owner occupied 2,214 (2 ) 13 480 2,705 444 2,261 — 2,705 11,782 251,119 — 262,901 Non-owner occupied 5,742 — — (104 ) 5,638 — 5,547 91 5,638 10,814 562,601 1,262 574,677 Construction and development Land and land development 339 — 104 119 562 521 41 — 562 2,123 65,646 — 67,769 Construction 64 — — 254 318 — 318 — 318 — 46,975 — 46,975 Residential real estate Non-jumbo 2,090 (418 ) 48 485 2,205 678 1,517 10 2,205 6,076 353,383 1,293 360,752 Jumbo 379 — — (369 ) 10 — 10 — 10 4,022 65,187 962 70,171 Home equity 167 — 15 (62 ) 120 — 120 — 120 523 80,850 — 81,373 Mortgage warehouse lines — — — — — — — — — — 101,607 — 101,607 Consumer 79 (194 ) 100 128 113 — 113 — 113 15 36,700 — 36,715 Other 268 (174 ) 73 110 277 — 277 — 277 — 11,924 — 11,924 Total $ 13,047 $ (805 ) $ 360 $ 550 $ 13,152 $ 1,673 $ 11,378 $ 101 $ 13,152 $ 40,839 $ 1,774,646 $ 3,517 $ 1,819,002 For the Year Ended December 31, 2018 At December 31, 2018 At December 31, 2018 Allowance for loan losses Allowance related to: Loans Beginning Balance Charge- offs Recoveries Provision Ending Balance Loans individua- lly evaluated for impairm- ent Loans collective- ly evaluated for impairm- ent Loans acquired with deteriora- ted credit quality (PCI) Total Loans individua- lly evaluated for impairm- ent Loans collective- ly evaluated for impairm- ent Loans Total Commercial $ 1,303 $ (248 ) $ 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 11,569 245,687 — 257,256 Non-owner occupied 4,950 (619 ) — 1,411 5,742 9 5,729 4 5,742 9,855 562,915 1,162 573,932 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 |
Goodwill And Other Intangible_2
Goodwill And Other Intangible Assets (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Goodwill | The following tables present our goodwill by reporting unit at June 30, 2019 and other intangible assets by reporting unit at June 30, 2019 and December 31, 2018 . Goodwill Activity Dollars in thousands Community Banking Insurance Services Total Balance, January 1, 2019 $ 10,562 $ 4,710 $ 15,272 Reclassifications to goodwill — — — Acquired goodwill, net 1,855 — 1,855 Goodwill reduction in conjunction with sale of Summit Insurance Services, LLC — (4,710 ) (4,710 ) Balance, June 30, 2019 $ 12,417 $ — $ 12,417 |
Summary of Other Intangible Assets | Other Intangible Assets June 30, 2019 December 31, 2018 Dollars in thousands Community Banking Insurance Services Total Community Banking Insurances Services Total Identifiable intangible assets Gross carrying amount $ 14,727 $ 3,000 $ 17,727 $ 12,598 $ 3,000 $ 15,598 Less: accumulated amortization 3,559 2,367 5,926 2,728 2,300 5,028 Less: customer intangible reduction in conjunction with sale of Summit Insurance Services, LLC — 633 633 — — — Net carrying amount $ 11,168 $ — $ 11,168 $ 9,870 $ 700 $ 10,570 |
Finite-lived Intangible Assets Amortization Expense | Amortization relative to our identifiable intangible assets is expected to approximate the following during the next five years: Core Deposit Dollars in thousands Intangible 2019 $ 1,634 2020 1,513 2021 1,393 2022 1,273 2023 1,152 |
Deposits (Tables)
Deposits (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Deposits [Abstract] | |
Summary of Interest Bearing Deposits By Type | The following is a summary of interest bearing deposits by type as of June 30, 2019 and December 31, 2018 : Dollars in thousands June 30, December 31, Demand deposits, interest bearing $ 588,948 $ 523,257 Savings deposits 301,403 284,173 Time deposits 672,745 605,276 Total $ 1,563,096 $ 1,412,706 |
Summary of Scheduled Maturities For All Time Deposits | A summary of the scheduled maturities for all time deposits as of June 30, 2019 is as follows: Dollars in thousands Six month period ending December 31, 2019 $ 141,784 Year ending December 31, 2020 290,872 Year ending December 31, 2021 127,679 Year ending December 31, 2022 43,620 Year ending December 31, 2023 18,004 Thereafter 50,786 Total $ 672,745 |
Borrowed Funds (Tables)
Borrowed Funds (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Debt Disclosure [Abstract] | |
Schedule of Short-term Debt | Short-term borrowings: A summary of short-term borrowings is presented below: Six Months Ended June 30, 2019 2018 Dollars in thousands Short-term FHLB Advances Federal Funds Purchased and Lines of Credit Short-term FHLB Advances Federal Funds Purchased and Lines of Credit Balance at June 30 $ 225,200 $ 143 $ 199,900 $ 2,529 Average balance outstanding for the period 192,895 777 211,884 3,497 Maximum balance outstanding at any month end during period 225,200 143 262,000 3,523 Weighted average interest rate for the period 2.72 % 2.48 % 1.87 % 1.65 % Weighted average interest rate for balances outstanding at June 30 2.51 % 2.50 % 2.19 % 2.00 % Year Ended December 31, 2018 Dollars in thousands Short-term FHLB Advances Federal Funds Purchased and Lines of Credit Balance at December 31 $ 303,950 5,134 Average balance outstanding for the period 223,764 4,378 Maximum balance outstanding at any month end during period 303,950 7,534 Weighted average interest rate for the period 2.18 % 1.95 % Weighted average interest rate for balances outstanding at December 31 2.71 % 2.50 % |
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 June 30, Balance at Dollars in thousands 2019 2018 Long-term FHLB advances $ 726 $ 735 Total $ 726 $ 735 |
Schedule of Maturities of Long-term Debt | A summary of the maturities of all long-term borrowings and subordinated debentures for the next five years and thereafter is as follows: Dollars in thousands Long-term borrowings Subordinated debentures owed to unconsolidated subsidiary trusts Year Ending December 31, 2019 $ 9 $ — 2020 18 — 2021 20 — 2022 21 — 2023 22 — Thereafter 636 19,589 $ 726 $ 19,589 |
Share Based Compensation (Table
Share Based Compensation (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The assumptions used to value SARs granted during 2019 were as follows: 5-year vesting SARs 7-year vesting SARs Risk-free interest rate 2.43 % 2.51 % Expected dividend yield 2.30 % 2.30 % Expected common stock volatility 35.71 % 40.84 % Expected life 6.5 years 7.0 years |
Schedule of Share-based Compensation, Stock Options, Activity | A summary of activity in our Plans during the first six months of 2019 and 2018 is as follows: For the Six Months Ended June 30, 2019 Options/SARs Aggregate Intrinsic Value (in thousands) Remaining Contractual Term (Yrs.) Weighted-Average Exercise Price Outstanding, January 1 232,091 $ 17.36 Granted 138,125 23.94 Exercised (31,413 ) 11.83 Forfeited — — Expired — — Outstanding, June 30 338,803 $ 2,132 7.66 $ 20.56 Exercisable, June 30 112,989 $ 1,189 5.84 $ 16.32 For the Six Months Ended June 30, 2018 Options/SARs Aggregate (in thousands) Remaining Contractual Term (Yrs.) Weighted-Average Exercise Price Outstanding, January 1 250,291 $ 17.75 Granted — — Exercised (200 ) 17.79 Forfeited (3,000 ) 26.01 Expired — — Outstanding, June 30 247,091 $ 2,272 6.83 $ 17.65 Exercisable, June 30 110,924 $ 1,225 5.72 $ 15.80 |
Commitments And Contingencies (
Commitments And Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
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 June 30, Commitments to extend credit: Revolving home equity and credit card lines $ 69,381 Construction loans 127,139 Other loans 163,887 Standby letters of credit 5,784 Total $ 366,191 |
Regulatory Matters (Tables)
Regulatory Matters (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Banking and Thrift [Abstract] | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations | The following table presents Summit's, as well as Summit Community's, actual and required minimum capital amounts and ratios as of June 30, 2019 and December 31, 2018 under the Basel III Capital Rules. The minimum required capital levels presented below reflect the minimum required capital levels (inclusive of the full capital conservation buffers) that will be effective as of January 1, 2019 when the Basel III Capital Rules have been fully phased-in. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules. Actual Minimum Required Capital - Basel III Fully Phased-in Minimum Required To Be Well Capitalized Dollars in thousands Amount Ratio Amount Ratio Amount Ratio As of June 30, 2019 CET1 (to risk weighted assets) Summit $ 212,502 11.1 % N/A N/A N/A N/A Summit Community 228,143 11.9 % 134,202 7.0 % 124,616 6.5 % Tier I Capital (to risk weighted assets) Summit 231,502 12.1 % N/A N/A N/A N/A Summit Community 228,143 11.9 % 162,959 8.5 % 153,373 8.0 % Total Capital (to risk weighted assets) Summit 244,654 12.8 % N/A N/A N/A N/A Summit Community 241,295 12.6 % 201,079 10.5 % 191,504 10.0 % Tier I Capital (to average assets) Summit 231,502 10.4 % N/A N/A N/A N/A Summit Community 228,143 10.2 % 89,468 4.0 % 111,835 5.0 % Actual Minimum Required Capital - Basel III Fully Phased-in Minimum Required To Be Well Capitalized Dollars in thousands Amount Ratio Amount Ratio Amount Ratio As of December 31, 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 % |
Derivative Financial Instrume_2
Derivative Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Interest Rate Derivatives | A summary of our derivative financial instruments as of June 30, 2019 and December 31, 2018 follows: June 30, 2019 Notional Amount Derivative Fair Value Net Ineffective Dollars in thousands Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 150,000 $ — $ 968 $ — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 19,107 $ — $ 279 $ — December 31, 2018 Notional Amount Derivative Fair Value Net Ineffective Dollars in thousands Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 110,000 $ — $ 411 $ — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 19,399 $ 555 $ — $ — |
Acquisitions Acquisitions (Tabl
Acquisitions Acquisitions (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Business Combinations [Abstract] | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table details the total consideration paid on January 1, 2019 in connection with the acquisition of PBI, the fair values of the assets acquired and liabilities assumed and the resulting preliminary goodwill. (Dollars in thousands) As Recorded by PBI Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 12,740 Stock consideration 8,997 Total consideration 21,737 Identifiable assets acquired: Cash and cash equivalents $ 33,422 $ (93 ) $ 33,329 Securities available for sale, at fair value 55,206 (93 ) 55,113 Loans Purchased performing 42,376 (977 ) 41,399 Purchased credit impaired — — — Allowance for loan losses (410 ) 410 — Premises and equipment 1,382 (567 ) 815 Property held for sale — — — Core deposit intangibles — 2,129 2,129 Other assets 1,110 (100 ) 1,010 Total identifiable assets acquired $ 133,086 $ 709 $ 133,795 Identifiable liabilities assumed: Deposits 112,064 315 112,379 Other liabilities 1,422 111 1,533 Total identifiable liabilities assumed $ 113,486 $ 426 $ 113,912 Net identifiable assets acquired $ 19,600 $ 283 $ 19,883 Goodwill resulting from acquisition $ 1,854 |
Financial Effects of Purchase Accounting Adjustments [Table Text Block] | The following presents the financial effects of adjustments recognized in the statements of income for the three and six months ended June 30, 2019 and 2018 related to business combinations that occurred during 2016, 2017 and 2018. Income increase (decrease) Dollars in thousands Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Interest and fees on loans $ 425 $ 56 $ 467 $ 201 Interest expense on deposits 82 53 170 114 Amortization of intangibles (404 ) (363 ) (830 ) (748 ) Income before income tax expense $ 103 $ (254 ) $ (193 ) $ (433 ) |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The following is changes in accumulated other comprehensive income (loss) by component, net of tax, for the three and six months ending June 30, 2019 and 2018 . For the Three Months Ended Dollars in thousands Gains and Losses on Pension Plan Gains and Losses on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ (328 ) $ 139 $ (323 ) $ 1,626 $ 1,114 Other comprehensive income (loss) before reclassification — — (414 ) 2,346 1,932 Amounts reclassified from accumulated other comprehensive income — — — (825 ) (825 ) Net current period other comprehensive income (loss) — — (414 ) 1,521 1,107 Ending balance $ (328 ) $ 139 $ (737 ) $ 3,147 $ 2,221 For the Three Months Ended Dollars in thousands Gains and Losses on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ 398 $ (849 ) $ (437 ) $ (888 ) Other comprehensive (loss) income before reclassification — 377 (409 ) (32 ) Amounts reclassified from accumulated other comprehensive income — — (66 ) (66 ) Net current period other comprehensive (loss) income — 377 (475 ) (98 ) Ending balance $ 398 $ (472 ) $ (912 ) $ (986 ) For the Six Months Ended Dollars in thousands Gains and Losses on Pension Plan Gains and Losses on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ — $ 139 $ (314 ) $ (841 ) $ (1,016 ) Other comprehensive income (loss) before reclassification (328 ) — (423 ) 4,810 4,059 Amounts reclassified from accumulated other comprehensive income — — — (822 ) (822 ) Net current period other comprehensive income (loss) (328 ) — (423 ) 3,988 3,237 Ending balance $ (328 ) $ 139 $ (737 ) $ 3,147 $ 2,221 For the Six Months Ended Dollars in thousands Gains and Losses on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains (Losses) on Available-for-Sale Securities Total Beginning balance $ 398 $ (1,564 ) $ 2,898 $ 1,732 Other comprehensive (loss) income before reclassification — 1,092 (3,188 ) (2,096 ) Amounts reclassified from accumulated other comprehensive income — — (622 ) (622 ) Net current period other comprehensive (loss) income — 1,092 (3,810 ) (2,718 ) Ending balance $ 398 $ (472 ) $ (912 ) $ (986 ) |
Income Taxes Income Taxes (Tabl
Income Taxes Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Income Tax Disclosure [Abstract] | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | A reconciliation between the statutory income tax rate and our effective income tax rate for the three and six months ended June 30, 2019 and 2018 is as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2019 2018 2019 2018 Dollars in thousands Percent Percent Percent Percent Applicable statutory rate 21.0 % 21.0 % 21.0 % 21.0 % Increase (decrease) in rate resulting from: Tax-exempt interest and dividends, net (1.9 )% (3.2 )% (2.2 )% (2.9 )% State income taxes, net of Federal income tax benefit 1.6 % 2.3 % 1.8 % 2.2 % Low-income housing and rehabilitation tax credits (0.9 )% (1.2 )% (0.7 )% (1.1 )% Other, net (1.8 )% 2.0 % (1.7 )% 1.3 % Effective income tax rate 18.0 % 20.9 % 18.2 % 20.5 % |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The components of applicable income tax expense for the three and six months ended June 30, 2019 and 2018 are as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, Dollars in thousands 2019 2018 2019 2018 Current Federal $ 1,596 $ 1,464 $ 3,247 $ 3,217 State 206 233 470 510 1,802 1,697 3,717 3,727 Deferred Federal 68 (34 ) (206 ) (167 ) State 10 (5 ) (30 ) (26 ) 78 (39 ) (236 ) (193 ) Total $ 1,880 $ 1,658 $ 3,481 $ 3,534 |
Revenue Recognition Revenue f_2
Revenue Recognition Revenue from Contracts with Customers (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
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: Three Months Ended June 30, Six Months Ended June 30, Dollars in thousands 2019 2018 2019 2018 Service fees on deposit accounts $ 1,224 $ 1,116 $ 2,405 $ 2,207 Bank card revenue 893 801 1,707 1,550 Trust and wealth management fees 612 672 1,198 1,339 Insurance commissions 606 1,013 1,780 2,126 Other 70 58 158 137 Net revenue from contracts with customers 3,405 3,660 7,248 7,359 Non-interest income within the scope of other ASC topics 3,405 488 3,792 1,664 Total noninterest income $ 6,810 $ 4,148 $ 11,040 $ 9,023 |
Significant New Authoritative_2
Significant New Authoritative Accounting Guidance Significant New Authoritative Accounting Guidance (Details) | Mar. 31, 2019USD ($) |
Leases [Abstract] | |
Operating Lease, Right-of-Use Asset | $ 870,000 |
Fair Value Measurements (Assets
Fair Value Measurements (Assets And Liabilities Recorded At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | $ 269,920 | $ 293,147 | [1] |
U.S. Government sponsored agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 23,724 | 26,140 | |
Government Sponsored Agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 75,334 | 80,309 | |
Nongovernment Sponsored Agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 9,170 | 614 | |
Corporate Debt Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 16,972 | 14,512 | |
Asset-backed Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 33,452 | 25,175 | |
Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 269,920 | 293,147 | |
Fair Value, Measurements, Recurring [Member] | U.S. Government sponsored agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 23,724 | 26,140 | |
Fair Value, Measurements, Recurring [Member] | Government Sponsored Agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 75,334 | 80,309 | |
Fair Value, Measurements, Recurring [Member] | Nongovernment Sponsored Agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 9,170 | 614 | |
Fair Value, Measurements, Recurring [Member] | U S States And Political Subdivisions General Obligations [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 23,365 | 19,243 | |
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 16,972 | 14,512 | |
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 33,452 | 25,175 | |
Fair Value, Measurements, Recurring [Member] | Tax Exempt Debt Securities Us States And Political Subdivisions [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 87,903 | 127,154 | |
Fair Value, Measurements, Recurring [Member] | Interest rate swap [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative Fair Value, Asset | 0 | 555 | |
Derivative Fair Value, Liability | 1,247 | 411 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | U.S. Government sponsored agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Government Sponsored Agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Nongovernment Sponsored Agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | U S States And Political Subdivisions General Obligations [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Corporate Debt Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Asset-backed Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Tax Exempt Debt Securities Us States And Political Subdivisions [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 1 [Member] | Interest rate swap [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative Fair Value, Asset | 0 | 0 | |
Derivative Fair Value, Liability | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 269,920 | 293,147 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | U.S. Government sponsored agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 23,724 | 26,140 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Government Sponsored Agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 75,334 | 80,309 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Nongovernment Sponsored Agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 9,170 | 614 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | U S States And Political Subdivisions General Obligations [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 23,365 | 19,243 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Corporate Debt Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 16,972 | 14,512 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Asset-backed Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 33,452 | 25,175 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Tax Exempt Debt Securities Us States And Political Subdivisions [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 87,903 | 127,154 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 2 [Member] | Interest rate swap [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative Fair Value, Asset | 0 | 555 | |
Derivative Fair Value, Liability | 1,247 | 411 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | U.S. Government sponsored agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Government Sponsored Agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Nongovernment Sponsored Agencies [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | U S States And Political Subdivisions General Obligations [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Corporate Debt Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Asset-backed Securities [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Tax Exempt Debt Securities Us States And Political Subdivisions [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level 3 [Member] | Interest rate swap [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Derivative Fair Value, Asset | 0 | 0 | |
Derivative Fair Value, Liability | $ 0 | $ 0 | |
[1] | Derived from audited consolidated financial statements |
Fair Value Measurements (Asse_2
Fair Value Measurements (Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Residential mortgage loans held for sale | $ 314 | $ 400 |
Collateral-dependent impaired loans | 1,890 | 4,602 |
Foreclosed properties | 16,624 | 18,443 |
Commercial [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 238 | 2,660 |
Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 420 | 420 |
Foreclosed properties | 1,414 | 1,677 |
Construction And Development Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 515 | 759 |
Foreclosed properties | 14,427 | 16,363 |
Residential Real Estate Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 717 | 763 |
Foreclosed properties | 783 | 403 |
Fair Value Inputs Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Residential mortgage loans held for sale | 0 | 0 |
Collateral-dependent impaired loans | 0 | 0 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 1 [Member] | Commercial [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Fair Value Inputs Level 1 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 1 [Member] | Construction And Development Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 1 [Member] | Residential Real Estate Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Residential mortgage loans held for sale | 314 | 400 |
Collateral-dependent impaired loans | 1,589 | 4,553 |
Foreclosed properties | 16,624 | 18,443 |
Fair Value Inputs Level 2 [Member] | Commercial [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 8 | 2,611 |
Fair Value Inputs Level 2 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 420 | 420 |
Foreclosed properties | 1,414 | 1,677 |
Fair Value Inputs Level 2 [Member] | Construction And Development Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 515 | 759 |
Foreclosed properties | 14,427 | 16,363 |
Fair Value Inputs Level 2 [Member] | Residential Real Estate Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 646 | 763 |
Foreclosed properties | 783 | 403 |
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 | 301 | 49 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 3 [Member] | Commercial [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 230 | 49 |
Fair Value Inputs Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 3 [Member] | Construction And Development Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 0 | 0 |
Foreclosed properties | 0 | 0 |
Fair Value Inputs Level 3 [Member] | Residential Real Estate Financial Receivable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent impaired loans | 71 | 0 |
Foreclosed properties | $ 0 | $ 0 |
Fair Value Measurements (Carryi
Fair Value Measurements (Carrying Values And Estimated Fair Values Of Financial Instruments) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Debt Securities, Available-for-sale | $ 269,920 | $ 293,147 | [1] |
Loans held for sale, net | 314 | 400 | |
Carrying Value [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Cash and cash equivalents | 56,475 | 59,540 | |
Debt Securities, Available-for-sale | 269,920 | 293,147 | |
Other investments | 14,238 | 16,635 | |
Loans held for sale, net | 314 | 400 | |
Loans, net | 1,805,850 | 1,682,005 | |
Accrued interest receivable | 8,909 | 8,708 | |
Derivative Asset | 0 | 555 | |
Total assets | 2,155,706 | 2,060,990 | |
Deposits | 1,797,493 | 1,634,826 | |
Short-term borrowings | 225,343 | 309,084 | |
Long-term borrowings | 726 | 735 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | |
Accrued interest payable | 1,370 | 1,102 | |
Derivative financial liabilities | 1,247 | 411 | |
Total liabilities | 2,045,768 | 1,965,747 | |
Estimated Fair Value [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Cash and cash equivalents | 56,475 | 59,540 | |
Debt Securities, Available-for-sale | 269,920 | 293,147 | |
Other investments | 14,238 | 16,635 | |
Loans held for sale, net | 314 | 400 | |
Loans, net | 1,808,046 | 1,666,834 | |
Accrued interest receivable | 8,909 | 8,708 | |
Derivative Asset | 0 | 555 | |
Total assets | 2,157,902 | 2,045,819 | |
Deposits | 1,803,314 | 1,631,456 | |
Short-term borrowings | 225,343 | 309,084 | |
Long-term borrowings | 867 | 843 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | |
Accrued interest payable | 1,370 | 1,102 | |
Derivative financial liabilities | 1,247 | 411 | |
Total liabilities | 2,051,730 | 1,962,485 | |
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 | 314 | 400 | |
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 | 56,475 | 59,540 | |
Debt Securities, Available-for-sale | 269,920 | 293,147 | |
Other investments | 14,238 | 16,635 | |
Loans held for sale, net | 314 | 400 | |
Loans, net | 1,589 | 4,553 | |
Accrued interest receivable | 8,909 | 8,708 | |
Derivative Asset | 0 | 555 | |
Total assets | 351,445 | 383,538 | |
Deposits | 1,803,314 | 1,631,456 | |
Short-term borrowings | 225,343 | 309,084 | |
Long-term borrowings | 867 | 843 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | |
Accrued interest payable | 1,370 | 1,102 | |
Derivative financial liabilities | 1,247 | 411 | |
Total liabilities | 2,051,730 | 1,962,485 | |
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 | 1,806,457 | 1,662,281 | |
Accrued interest receivable | 0 | 0 | |
Derivative Asset | 0 | 0 | |
Total assets | 1,806,457 | 1,662,281 | |
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 | |
[1] | Derived from audited consolidated financial statements |
Earnings Per Share (Computation
Earnings Per Share (Computations Of Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Earnings Per Share [Line Items] | ||||
Anti-dilutive stock options | 7,700 | 0 | ||
Net income | $ 8,564 | $ 6,280 | $ 15,656 | $ 13,723 |
Net Income (Loss) Available to Common Stockholders, Basic | $ 8,564 | $ 6,280 | $ 15,656 | $ 13,723 |
Basic EPS, Common Shares (Denominator) (in shares) | 12,539,095 | 12,366,522 | 12,627,806 | 12,362,679 |
Basic EPS (in dollars per share) | $ 0.68 | $ 0.51 | $ 1.24 | $ 1.11 |
Diluted EPS, Stock options, Common Shares (Denominator) (in shares) | 5,052 | 7,814 | 5,182 | 7,668 |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 55,924 | 57,648 | 55,877 | 55,405 |
Diluted EPS, Income (Numerator) | $ 8,564 | $ 6,280 | $ 15,656 | $ 13,723 |
Diluted EPS, Common Shares (Denominator) (in shares) | 12,600,071 | 12,431,984 | 12,688,865 | 12,425,751 |
Diluted EPS (in dollars per share) | $ 0.68 | $ 0.51 | $ 1.23 | $ 1.10 |
Earnings Per Share (Narrative)
Earnings Per Share (Narrative) (Details) - shares | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Anti-dilutive stock options | 7,700 | 0 |
Stock Appreciation Rights (SARs) [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Anti-dilutive stock options | 84,615 | 87,615 |
Securities (Summary Of Amortize
Securities (Summary Of Amortized Cost, Unrealized Gains, Unrealized Losses And Estimated Fair Values) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | |
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | $ 265,778 | $ 294,251 | |
Available for sale securities, Unrealized Gains | 6,152 | 1,907 | |
Available for sale securities, Unrealized Losses | 2,010 | 3,011 | |
Debt Securities, Available-for-sale | 269,920 | 293,147 | [1] |
Tax Exempt State and Political Subdivisions University Revenues [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 3,439 | ||
Available for sale securities, Unrealized Gains | 101 | ||
Available for sale securities, Unrealized Losses | 0 | ||
Debt Securities, Available-for-sale | 3,540 | ||
U S Government Corporations And Agencies Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 23,807 | 26,303 | |
Available for sale securities, Unrealized Gains | 259 | 203 | |
Available for sale securities, Unrealized Losses | 342 | 366 | |
Debt Securities, Available-for-sale | 23,724 | 26,140 | |
Government Sponsored Agencies [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 74,976 | 80,883 | |
Available for sale securities, Unrealized Gains | 974 | 603 | |
Available for sale securities, Unrealized Losses | 616 | 1,177 | |
Debt Securities, Available-for-sale | 75,334 | 80,309 | |
Nongovernment Sponsored Agencies [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 9,245 | 611 | |
Available for sale securities, Unrealized Gains | 13 | 4 | |
Available for sale securities, Unrealized Losses | 88 | 1 | |
Debt Securities, Available-for-sale | 9,170 | 614 | |
State and Political Subdivisions General Obligations [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 3,184 | 6,081 | |
Available for sale securities, Unrealized Gains | 69 | 0 | |
Available for sale securities, Unrealized Losses | 0 | 126 | |
Debt Securities, Available-for-sale | 3,253 | 5,955 | |
State and Policital Subdivisions Other Revenues [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 15,680 | 13,457 | |
Available for sale securities, Unrealized Gains | 600 | 17 | |
Available for sale securities, Unrealized Losses | 0 | 186 | |
Debt Securities, Available-for-sale | 16,280 | 13,288 | |
Corporate Debt Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 17,267 | 14,807 | |
Available for sale securities, Unrealized Gains | 28 | 9 | |
Available for sale securities, Unrealized Losses | 323 | 304 | |
Debt Securities, Available-for-sale | 16,972 | 14,512 | |
Asset-backed Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 34,078 | 25,288 | |
Available for sale securities, Unrealized Gains | 0 | 10 | |
Available for sale securities, Unrealized Losses | 626 | 123 | |
Debt Securities, Available-for-sale | 33,452 | 25,175 | |
Taxable Debt Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 181,987 | 167,430 | |
Available for sale securities, Unrealized Gains | 2,025 | 846 | |
Available for sale securities, Unrealized Losses | 1,995 | 2,283 | |
Debt Securities, Available-for-sale | 182,017 | 165,993 | |
Tax Exempt State and Political Subdivisions General Obligations [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 43,198 | 65,626 | |
Available for sale securities, Unrealized Gains | 2,352 | 624 | |
Available for sale securities, Unrealized Losses | 2 | 344 | |
Debt Securities, Available-for-sale | 45,548 | 65,906 | |
Tax Exempt State and Political Subdivisions Water and Sewer Revenues [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 12,924 | 20,018 | |
Available for sale securities, Unrealized Gains | 621 | 225 | |
Available for sale securities, Unrealized Losses | 0 | 98 | |
Debt Securities, Available-for-sale | 13,545 | 20,145 | |
Tax Exempt State and Political Subdivisions Lease Revenues [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 8,567 | 10,980 | |
Available for sale securities, Unrealized Gains | 485 | 135 | |
Available for sale securities, Unrealized Losses | 0 | 7 | |
Debt Securities, Available-for-sale | 9,052 | 11,108 | |
Tax Exempt State and Political Subdivisions Other Revenues [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 15,663 | 30,197 | |
Available for sale securities, Unrealized Gains | 568 | 77 | |
Available for sale securities, Unrealized Losses | 13 | 279 | |
Debt Securities, Available-for-sale | 16,218 | 29,995 | |
Tax Exempt Debt Securities [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 83,791 | 126,821 | |
Available for sale securities, Unrealized Gains | 4,127 | 1,061 | |
Available for sale securities, Unrealized Losses | 15 | 728 | |
Debt Securities, Available-for-sale | 87,903 | $ 127,154 | |
State and Policital Subdivisions Water and Sewer Revenues [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Total Amortized Cost | 3,750 | ||
Available for sale securities, Unrealized Gains | 82 | ||
Available for sale securities, Unrealized Losses | 0 | ||
Debt Securities, Available-for-sale | $ 3,832 | ||
[1] | Derived from audited consolidated financial statements |
Securities (Summary of Volume o
Securities (Summary of Volume of State and Political Subdivision Securities Held in Portfolio) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | |
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | $ 265,778 | $ 294,251 | |
Available for sale securities, Unrealized Gains | 6,152 | 1,907 | |
Available for sale securities, Unrealized Losses | 2,010 | 3,011 | |
Debt Securities, Available-for-sale | 269,920 | $ 293,147 | [1] |
CALIFORNIA | |||
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 16,108 | ||
Available for sale securities, Unrealized Gains | 1,126 | ||
Available for sale securities, Unrealized Losses | 2 | ||
Debt Securities, Available-for-sale | 17,232 | ||
ILLINOIS | |||
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 15,518 | ||
Available for sale securities, Unrealized Gains | 512 | ||
Available for sale securities, Unrealized Losses | 0 | ||
Debt Securities, Available-for-sale | 16,030 | ||
MICHIGAN | |||
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 10,940 | ||
Available for sale securities, Unrealized Gains | 481 | ||
Available for sale securities, Unrealized Losses | 0 | ||
Debt Securities, Available-for-sale | 11,421 | ||
WEST VIRGINIA | |||
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 9,399 | ||
Available for sale securities, Unrealized Gains | 219 | ||
Available for sale securities, Unrealized Losses | 13 | ||
Debt Securities, Available-for-sale | 9,605 | ||
NEW YORK | |||
Debt Securities, Available-for-sale [Line Items] | |||
Debt Securities, Available-for-sale, Amortized Cost | 8,561 | ||
Available for sale securities, Unrealized Gains | 348 | ||
Available for sale securities, Unrealized Losses | 0 | ||
Debt Securities, Available-for-sale | $ 8,909 | ||
[1] | Derived from audited consolidated financial statements |
Securities (Summary Of Maturiti
Securities (Summary Of Maturities, Amortized Cost And Estimated Fair Values Of Securities) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | |
Debt Securities, Available-for-sale [Abstract] | |||
Due in one year or less, Amortized Cost | $ 35,134 | ||
Due from one to five years, Amortized Cost | 79,573 | ||
Due from five to ten years, Amortized Cost | 59,026 | ||
Due after ten years, Amortized Cost | 92,045 | ||
Total Amortized Cost | 265,778 | $ 294,251 | |
Due in one year or less, Estimated Fair Value | 35,149 | ||
Due from one to five years, Estimated Fair Value | 79,582 | ||
Due from five to ten years, Estimated Fair Value | 59,183 | ||
Due after ten years, Estimated Fair Value | 96,006 | ||
Total Estimated Fair Value | $ 269,920 | $ 293,147 | [1] |
[1] | Derived from audited consolidated financial statements |
Securities (Summary Of Proceeds
Securities (Summary Of Proceeds From Sales, Calls And Maturities, Principal Payments, Gains And Losses Of Securities) (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Debt Securities, Available-for-sale [Abstract] | ||
Proceeds from Sale of Debt Securities, Available-for-sale | $ 114,171 | $ 69,235 |
Securities available for sale, Proceeds from Calls and Maturities | 1,445 | 1,050 |
Securities available for sale, Proceeds from Principal Payments | 13,822 | 13,393 |
Securities available for sale, Gross realized Gains | 1,213 | 1,637 |
Securities available for sale, Gross realized Losses | $ 131 | $ 818 |
Securities (Narrative) (Details
Securities (Narrative) (Details) | 6 Months Ended | |
Jun. 30, 2019securitystate | Dec. 31, 2018security | |
Debt Securities, Available-for-sale [Abstract] | ||
Number of states with highest volume of state and political subdivision securities | state | 5 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 68 | 134 |
Securities (Summary Of Securiti
Securities (Summary Of Securities Available For Sale In Unrealized Loss Position) (Details) $ in Thousands | Jun. 30, 2019USD ($)security | Dec. 31, 2018USD ($)security |
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 68 | 134 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $ 63,356 | $ 75,442 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 1,134 | 791 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 37,398 | 84,860 |
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 876 | 2,220 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 100,754 | 160,302 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 2,010 | $ 3,011 |
U S Government Corporations And Agencies Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 15 | 15 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $ 0 | $ 12,185 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 184 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 17,371 | 7,464 |
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 342 | 182 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 17,371 | 19,649 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 342 | $ 366 |
Government Sponsored Agencies [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 25 | 37 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $ 17,041 | $ 23,277 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 301 | 241 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 16,460 | 24,472 |
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 315 | 936 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 33,501 | 47,749 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 616 | $ 1,177 |
Nongovernment Sponsored Agencies [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 3 | 1 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $ 7,002 | $ 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 88 | 0 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | 436 |
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 1 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 7,002 | 436 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 88 | $ 1 |
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 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $ 0 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 5,222 | |
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 126 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 5,222 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 126 | |
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 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $ 968 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 16 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 9,450 | |
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 170 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 10,418 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 186 | |
Corporate Debt Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 8 | 7 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $ 5,171 | $ 2,759 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 117 | 109 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 2,544 | 4,587 |
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 206 | 195 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 7,715 | 7,346 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 323 | $ 304 |
Asset-backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 15 | 9 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $ 33,452 | $ 20,129 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 626 | 123 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | 0 |
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 0 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 33,452 | 20,129 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 626 | $ 123 |
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 | 1 | 25 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $ 690 | $ 7,273 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 2 | 50 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 0 | 16,830 |
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 0 | 294 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 690 | 24,103 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 2 | $ 344 |
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 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $ 989 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 6 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 4,311 | |
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 92 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 5,300 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 98 | |
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 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $ 553 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 557 | |
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 7 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 1,110 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 7 | |
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 | 1 | 12 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $ 0 | $ 7,309 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | 0 | 62 |
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | 1,023 | 11,531 |
Debt Securities Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | 13 | 217 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 1,023 | 18,840 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 13 | $ 279 |
Loans (Narrative) (Details)
Loans (Narrative) (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2019 | Dec. 31, 2018 | |
Loans and Leases Receivable Disclosure [Abstract] | ||
Risk rate loans, aggregate balance threshold | $ 2,500,000 | |
Risk rate loans, loan balance threshold | 500,000 | |
Troubled debt restructurings included in impaired loans | 26,200,000 | $ 27,000,000 |
Current Troubled debt restructurings included in impaired loans | $ 23,200,000 | $ 26,600,000 |
Number of days past due to be considered in default | 30 days |
Loans (Summary of Loans, Net of
Loans (Summary of Loans, Net of Unearned Fees) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | $ 1,819,002 | $ 1,695,052 | [1] |
Less allowance for loan losses | 13,152 | 13,047 | [1] |
Loans and Leases Receivable, Net Amount | 1,805,850 | 1,682,005 | [1] |
Commercial [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 204,138 | 194,315 | |
Owner Occupied [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 262,901 | 257,256 | |
Non-Owner Occupied [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 574,677 | 573,932 | |
Land and Land Improvements [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 67,769 | 68,833 | |
Construction Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 46,975 | 24,731 | |
Non-Jumbo [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 360,752 | 336,977 | |
Jumbo [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 70,171 | 73,599 | |
Home Equity [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 81,373 | 80,910 | |
Mortgage Warehouse Lines [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 101,607 | 39,140 | |
Consumer Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | 36,715 | 32,460 | |
Other Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and Leases Receivable, Net of Deferred Income | $ 11,924 | $ 12,899 | |
[1] | Derived from audited consolidated financial statements |
Loans Loans (Schedule of Acquir
Loans Loans (Schedule of Acquired Loans) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Total Outstanding Balance | $ 158,846 | $ 142,442 |
Acquired Loans Carrying Value | 156,086 | 140,198 |
Commercial Portfolio Segment [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 4,056 | 3,934 |
Owner Occupied [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 19,729 | 16,133 |
Non-Owner Occupied [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 18,063 | 24,593 |
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 | 4,178 | 5,161 |
Construction Loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 0 | 0 |
Non-Jumbo [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 97,645 | 79,268 |
Jumbo [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 4,106 | 3,552 |
Home Equity [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 2,440 | 2,805 |
Consumer Portfolio Segment [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 5,854 | 4,630 |
Other Loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Carrying Value | 15 | 122 |
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 | 4,282 | 4,275 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 3,517 | 3,511 |
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 | 0 |
Purchased Impaired Loans [Member] | Owner Occupied [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 0 | 0 |
Purchased Impaired Loans [Member] | Non-Owner Occupied [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 1,262 | 1,162 |
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 | 1,293 | 1,374 |
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 | 962 | 975 |
Purchased Impaired Loans [Member] | Home Equity [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 0 | 0 |
Purchased Impaired Loans [Member] | Consumer Portfolio Segment [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 0 | 0 |
Purchased Impaired Loans [Member] | Other Loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 0 | 0 |
Purchase Nonimpaired Loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Purchase Performing Outstanding Balance | 154,564 | 138,167 |
Acquired Loans Purchased Performing Carrying Value | 152,569 | 136,687 |
Purchase Nonimpaired Loans [Member] | Commercial Portfolio Segment [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Purchased Performing Carrying Value | 4,056 | 3,934 |
Purchase Nonimpaired Loans [Member] | Owner Occupied [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Purchased Performing Carrying Value | 19,729 | 16,133 |
Purchase Nonimpaired Loans [Member] | Non-Owner Occupied [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Purchased Performing Carrying Value | 16,801 | 23,431 |
Purchase Nonimpaired Loans [Member] | Land and Land Improvements [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Purchased Performing Carrying Value | 4,178 | 5,161 |
Purchase Nonimpaired Loans [Member] | Construction Loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Purchased Performing Carrying Value | 0 | 0 |
Purchase Nonimpaired Loans [Member] | Non-Jumbo [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Purchased Performing Carrying Value | 96,352 | 77,894 |
Purchase Nonimpaired Loans [Member] | Jumbo [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Purchased Performing Carrying Value | 3,144 | 2,577 |
Purchase Nonimpaired Loans [Member] | Home Equity [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Purchased Performing Carrying Value | 2,440 | 2,805 |
Purchase Nonimpaired Loans [Member] | Consumer Portfolio Segment [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Purchased Performing Carrying Value | 5,854 | 4,630 |
Purchase Nonimpaired Loans [Member] | Other Loans [Member] | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items] | ||
Acquired Loans Purchased Performing Carrying Value | $ 15 | $ 122 |
Loans Loans (Summary of Change
Loans Loans (Summary of Change in Accretable Yield PCI Loans) (Details) - Purchased Impaired Loans [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | |
Summary of Change in Accretable Yield PCI Loans [Line Items] | ||||||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield | $ 597 | $ 676 | $ 597 | $ 676 | $ 623 | $ 632 | $ 708 | $ 745 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | (26) | (32) | (34) | (69) | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Reclassifications from Nonaccretable Difference | 0 | 0 | 0 | 0 | ||||
Certain Loans Acquired in Transfer Not Accounting for as Debt Securities Accretable Yield Other Changes, Net | $ 0 | $ 0 | $ (1) | $ 0 |
Loans (Schedule of Contractual
Loans (Schedule of Contractual Aging of Recorded Investment in Past Due Loans by Class) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | $ 19,760 | $ 19,693 |
Current | 1,799,242 | 1,675,359 |
Recorded Investment greater then 90 days and Accruing | 208 | 36 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 1,164 | 788 |
Current | 202,974 | 193,527 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 4,974 | 612 |
Current | 257,927 | 256,644 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 2,668 | 2,167 |
Current | 572,009 | 571,765 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 301 | 3,368 |
Current | 67,468 | 65,465 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Current | 46,975 | 24,731 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Non-Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 9,056 | 10,108 |
Current | 351,696 | 326,869 |
Recorded Investment greater then 90 days and Accruing | 119 | 0 |
Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 642 | 675 |
Current | 69,529 | 72,924 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 453 | 1,196 |
Current | 80,920 | 79,714 |
Recorded Investment greater then 90 days and Accruing | 21 | 0 |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Current | 101,607 | 39,140 |
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 402 | 748 |
Current | 36,313 | 31,712 |
Recorded Investment greater then 90 days and Accruing | 68 | 36 |
Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 100 | 31 |
Current | 11,824 | 12,868 |
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 | 7,764 | 6,007 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 327 | 254 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 520 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 156 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 258 | 190 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Non-Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 5,686 | 4,120 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 642 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 101 | 754 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 230 | 502 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 31 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 2,305 | 2,927 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 137 | 51 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 1,205 | 255 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 4 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Non-Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 806 | 2,235 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 94 | 261 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 63 | 121 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 9,691 | 10,759 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 700 | 483 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 4,454 | 612 |
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 | 1,463 | 1,756 |
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 | 43 | 3,174 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Non-Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 2,564 | 3,753 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 675 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 258 | 181 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | 109 | 125 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past Due | $ 100 | $ 0 |
Loans (Schedule of Nonaccrual L
Loans (Schedule of Nonaccrual Loans Included in Net Balance of Loans) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 13,267 | $ 14,989 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 948 | 935 |
Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 4,624 | 1,028 |
Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,920 | 2,210 |
Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 66 | 3,198 |
Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 0 |
Non-Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 4,561 | 6,532 |
Jumbo [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 642 | 675 |
Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 314 | 299 |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 92 | 112 |
Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 100 | $ 0 |
Loans (Schedule of Loans Indivi
Loans (Schedule of Loans Individually Evaluated for Impairment) (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2019 | Dec. 31, 2018 | |
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | $ 40,839 | $ 43,356 |
Unpaid Principal Balance | 40,856 | 43,607 |
Related Allowance | 1,673 | 2,142 |
Average Impaired Balance | 40,054 | 37,972 |
Interest Income Recognized while impaired | 1,780 | 1,680 |
Commercial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Without a related allowance, Recorded Investment | 5,215 | 1,019 |
Without a related allowance, Unpaid Principal Balance | 5,216 | 1,253 |
Without a related allowance, Average Impaired Balance | 5,371 | 321 |
Without a related allowance, Interest Income Recognized while impaired | 334 | 16 |
With a related allowance, Recorded Investment | 269 | 3,343 |
With a related allowance, Unpaid Principal Balance | 269 | 3,342 |
With a related allowance, Related Allowance | 30 | 682 |
With a related allowance, Average Impaired Balance | 184 | 705 |
With a related allowance, Interest Income Recognized while impaired | 1 | 39 |
Owner Occupied [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Without a related allowance, Recorded Investment | 8,867 | 8,600 |
Without a related allowance, Unpaid Principal Balance | 8,872 | 8,605 |
Without a related allowance, Average Impaired Balance | 8,822 | 7,730 |
Without a related allowance, Interest Income Recognized while impaired | 207 | 318 |
With a related allowance, Recorded Investment | 2,915 | 2,969 |
With a related allowance, Unpaid Principal Balance | 2,914 | 2,969 |
With a related allowance, Related Allowance | 444 | 462 |
With a related allowance, Average Impaired Balance | 2,924 | 2,397 |
With a related allowance, Interest Income Recognized while impaired | 114 | 117 |
Non-Owner Occupied [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Without a related allowance, Recorded Investment | 10,814 | 9,666 |
Without a related allowance, Unpaid Principal Balance | 10,821 | 9,673 |
Without a related allowance, Average Impaired Balance | 9,967 | 9,753 |
Without a related allowance, Interest Income Recognized while impaired | 504 | 493 |
With a related allowance, Recorded Investment | 0 | 189 |
With a related allowance, Unpaid Principal Balance | 0 | 191 |
With a related allowance, Related Allowance | 0 | 9 |
With a related allowance, Average Impaired Balance | 0 | 226 |
With a related allowance, Interest Income Recognized while impaired | 0 | 16 |
Land and Land Improvements [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Without a related allowance, Recorded Investment | 1,088 | 4,767 |
Without a related allowance, Unpaid Principal Balance | 1,088 | 4,767 |
Without a related allowance, Average Impaired Balance | 1,129 | 4,947 |
Without a related allowance, Interest Income Recognized while impaired | 68 | 102 |
With a related allowance, Recorded Investment | 1,035 | 1,057 |
With a related allowance, Unpaid Principal Balance | 1,036 | 1,057 |
With a related allowance, Related Allowance | 521 | 298 |
With a related allowance, Average Impaired Balance | 1,041 | 1,073 |
With a related allowance, Interest Income Recognized while impaired | 57 | 56 |
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 | 3,705 | 3,279 |
Without a related allowance, Unpaid Principal Balance | 3,711 | 3,284 |
Without a related allowance, Average Impaired Balance | 3,698 | 3,401 |
Without a related allowance, Interest Income Recognized while impaired | 198 | 180 |
With a related allowance, Recorded Investment | 2,371 | 2,982 |
With a related allowance, Unpaid Principal Balance | 2,370 | 2,981 |
With a related allowance, Related Allowance | 678 | 585 |
With a related allowance, Average Impaired Balance | 2,341 | 2,539 |
With a related allowance, Interest Income Recognized while impaired | 74 | 98 |
Jumbo [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Without a related allowance, Recorded Investment | 4,022 | 4,132 |
Without a related allowance, Unpaid Principal Balance | 4,021 | 4,130 |
Without a related allowance, Average Impaired Balance | 4,044 | 3,517 |
Without a related allowance, Interest Income Recognized while impaired | 190 | 166 |
With a related allowance, Recorded Investment | 0 | 821 |
With a related allowance, Unpaid Principal Balance | 0 | 822 |
With a related allowance, Related Allowance | 0 | 106 |
With a related allowance, Average Impaired Balance | 0 | 827 |
With a related allowance, Interest Income Recognized while impaired | 0 | 48 |
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 | 32 | 30 |
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 | 15 | 9 |
Without a related allowance, Unpaid Principal Balance | 15 | 10 |
Without a related allowance, Average Impaired Balance | 10 | 13 |
Without a related allowance, Interest Income Recognized while impaired | 1 | 1 |
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 | 34,249 | 31,995 |
Without a related allowance, Unpaid Principal Balance | 34,267 | 32,245 |
Without a related allowance, Average Impaired Balance | 33,564 | 30,205 |
Without a related allowance, Interest Income Recognized while impaired | 1,534 | 1,306 |
Total With a Related Allowance | ||
Financing Receivable, Impaired [Line Items] | ||
With a related allowance, Recorded Investment | 6,590 | 11,361 |
With a related allowance, Unpaid Principal Balance | 6,589 | 11,362 |
With a related allowance, Related Allowance | 1,673 | 2,142 |
With a related allowance, Average Impaired Balance | 6,490 | 7,767 |
With a related allowance, Interest Income Recognized while impaired | 246 | 374 |
Total Commercial | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 30,203 | 31,610 |
Unpaid Principal Balance | 30,216 | 31,857 |
Related Allowance | 995 | 1,451 |
Average Impaired Balance | 29,438 | 27,152 |
Interest Income Recognized while impaired | 1,285 | 1,157 |
Total Residential Real Estate | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 10,621 | 11,737 |
Unpaid Principal Balance | 10,625 | 11,740 |
Related Allowance | 678 | 691 |
Average Impaired Balance | 10,606 | 10,807 |
Interest Income Recognized while impaired | 494 | 522 |
Total Consumer | ||
Financing Receivable, Impaired [Line Items] | ||
Recorded Investment | 15 | 9 |
Unpaid Principal Balance | 15 | 10 |
Related Allowance | 0 | 0 |
Average Impaired Balance | 10 | 13 |
Interest Income Recognized while impaired | $ 1 | $ 1 |
Loans Loans (Schedule of Restru
Loans Loans (Schedule of Restructured Trouble Debt Restructuring By Class) (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019USD ($)contract | Jun. 30, 2018USD ($)contract | Jun. 30, 2019USD ($)contract | Jun. 30, 2018USD ($)contract | |
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | contract | 0 | 7 | 13 | 8 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 898 | $ 1,075 | $ 962 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 898 | $ 1,075 | $ 962 |
Commercial [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | contract | 0 | 2 | 0 | 2 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 157 | $ 0 | $ 157 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 157 | $ 0 | $ 157 |
Owner Occupied [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | contract | 1 | 0 | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 325 | $ 0 | ||
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 325 | $ 0 | ||
Non-Owner Occupied [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | contract | 4 | 0 | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 324 | $ 0 | ||
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 324 | $ 0 | ||
Non-Jumbo [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | contract | 0 | 5 | 7 | 6 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 741 | $ 410 | $ 805 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 741 | $ 410 | $ 805 |
Consumer Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Financing Receivable, Modifications, Number of Contracts | contract | 1 | 0 | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 16 | $ 0 | ||
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 16 | $ 0 |
Loans Loans (Schedule of Defaul
Loans Loans (Schedule of Defaults During Stated Period Of Trouble Debt Restructurings) (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019USD ($)contract | Jun. 30, 2018USD ($)contract | Jun. 30, 2019USD ($)contract | Jun. 30, 2018USD ($)contract | |
Financing Receivable, Impaired [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract | 5 | 7 | 5 | 8 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ | $ 319 | $ 3,744 | $ 319 | $ 3,950 |
Commercial [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract | 0 | 2 | 0 | 2 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ | $ 0 | $ 157 | $ 0 | $ 157 |
Owner Occupied [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract | 0 | 1 | 0 | 1 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ | $ 0 | $ 2,302 | $ 0 | $ 2,302 |
Non-Owner Occupied [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract | 1 | 1 | 1 | 1 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ | $ 126 | $ 341 | $ 126 | $ 341 |
Land and Land Improvements [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract | 0 | 1 | 0 | 1 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ | $ 0 | $ 438 | $ 0 | $ 438 |
Non-Jumbo [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract | 4 | 2 | 4 | 3 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ | $ 193 | $ 506 | $ 193 | $ 712 |
Loans (Schedule of the Activity
Loans (Schedule of the Activity Regarding TDRs by Loan Type) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2019 | Jun. 30, 2019 | |
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | $ 27,845 | $ 26,997 |
Additions | 0 | 1,075 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | (1,664) | (1,891) |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 26,181 | 26,181 |
Allowance related to troubled debt restructurings | 998 | 998 |
Land and Land Improvements [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 2,629 | 2,654 |
Additions | 0 | 0 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | (506) | (531) |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 2,123 | 2,123 |
Allowance related to troubled debt restructurings | 521 | 521 |
Construction [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 0 | 0 |
Additions | 0 | 0 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | 0 | 0 |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 0 | 0 |
Allowance related to troubled debt restructurings | 0 | 0 |
Commercial [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 265 | 273 |
Additions | 0 | 0 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | (32) | (40) |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 233 | 233 |
Allowance related to troubled debt restructurings | 6 | 6 |
Owner Occupied [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 9,629 | 9,365 |
Additions | 0 | 325 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | (41) | (102) |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 9,588 | 9,588 |
Allowance related to troubled debt restructurings | 271 | 271 |
Non-Owner Occupied [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 5,676 | 5,404 |
Additions | 0 | 324 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | (52) | (104) |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 5,624 | 5,624 |
Allowance related to troubled debt restructurings | 0 | 0 |
Non-Jumbo [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 4,869 | 4,490 |
Additions | 0 | 410 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | (174) | (205) |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 4,695 | 4,695 |
Allowance related to troubled debt restructurings | 200 | 200 |
Jumbo [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 4,231 | 4,278 |
Additions | 0 | 0 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | (851) | (898) |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 3,380 | 3,380 |
Allowance related to troubled debt restructurings | 0 | 0 |
Home Equity Line of Credit [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 523 | 523 |
Additions | 0 | 0 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | 0 | 0 |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 523 | 523 |
Allowance related to troubled debt restructurings | 0 | 0 |
Mortgage Warehouse Lines [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 0 | 0 |
Additions | 0 | 0 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | 0 | 0 |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 0 | 0 |
Allowance related to troubled debt restructurings | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 23 | 10 |
Additions | 0 | 16 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | (8) | (11) |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 15 | 15 |
Allowance related to troubled debt restructurings | 0 | 0 |
Other Loans [Member] | ||
Troubled Debt Restructurings [Roll Forward] | ||
Troubled debt restructurings, beginning balance | 0 | 0 |
Additions | 0 | 0 |
Charge-offs | 0 | 0 |
Net (paydowns) advances | 0 | 0 |
Transfer into foreclosed properties | 0 | 0 |
Refinance out of TDR status | 0 | 0 |
Troubled debt restructurings, ending balance | 0 | 0 |
Allowance related to troubled debt restructurings | $ 0 | $ 0 |
Loans (Schedule of Recorded Inv
Loans (Schedule of Recorded Investment Evaluated Based on Internal Risk Ratings) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total | $ 1,819,002 | $ 1,695,052 |
Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 67,769 | 68,833 |
Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 46,975 | 24,731 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 204,138 | 194,315 |
Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 262,901 | 257,256 |
Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 574,677 | 573,932 |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 101,607 | 39,140 |
Pass [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 65,893 | 63,743 |
Pass [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 46,835 | 24,589 |
Pass [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 196,706 | 182,651 |
Pass [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 255,527 | 250,254 |
Pass [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 565,858 | 565,715 |
Pass [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 101,607 | 39,140 |
OLEM (Special Mention) [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 461 | 472 |
OLEM (Special Mention) [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 140 | 142 |
OLEM (Special Mention) [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 1,572 | 6,748 |
OLEM (Special Mention) [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 2,421 | 1,864 |
OLEM (Special Mention) [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 1,653 | 1,554 |
OLEM (Special Mention) [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Substandard [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 1,415 | 4,618 |
Substandard [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Substandard [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 5,860 | 4,916 |
Substandard [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 4,953 | 5,138 |
Substandard [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 7,166 | 6,663 |
Substandard [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Doubtful [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Doubtful [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Doubtful [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Doubtful [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Doubtful [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Doubtful [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Land and Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Non-Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
Loss [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | $ 0 | $ 0 |
Loans (Schedule of Recorded I_2
Loans (Schedule of Recorded Investment Evaluated Based on Aging Status of Loans and Payment Activity) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Performing Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | $ 555,018 | $ 529,191 |
Performing Financing Receivable [Member] | Non-Jumbo [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 356,071 | 330,445 |
Performing Financing Receivable [Member] | Jumbo [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 69,529 | 72,924 |
Performing Financing Receivable [Member] | Home Equity [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 81,039 | 80,611 |
Performing Financing Receivable [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 36,555 | 32,312 |
Performing Financing Receivable [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 11,824 | 12,899 |
Nonperforming Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 5,917 | 7,654 |
Nonperforming Financing Receivable [Member] | Non-Jumbo [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 4,681 | 6,532 |
Nonperforming Financing Receivable [Member] | Jumbo [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 642 | 675 |
Nonperforming Financing Receivable [Member] | Home Equity [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 334 | 299 |
Nonperforming Financing Receivable [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 160 | 148 |
Nonperforming Financing Receivable [Member] | Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | $ 100 | $ 0 |
Allowance For Loan Losses (Summ
Allowance For Loan Losses (Summary Of Analysis Of Allowance For Loan Losses) (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2019 | Dec. 31, 2018 | |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | $ 13,047 | $ 12,565 |
Total, Losses | 805 | 2,603 |
Total Recoveries | 360 | 835 |
Net losses | 445 | 1,768 |
Provision for loan losses | 550 | 2,250 |
Ending balance | 13,152 | 13,047 |
Commercial [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 1,705 | 1,303 |
Total, Losses | 17 | 248 |
Total Recoveries | 7 | 16 |
Provision for loan losses | (491) | 634 |
Ending balance | 1,204 | 1,705 |
Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 2,214 | 2,424 |
Total, Losses | 2 | 38 |
Total Recoveries | 13 | 23 |
Provision for loan losses | 480 | (195) |
Ending balance | 2,705 | 2,214 |
Non-Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 5,742 | 4,950 |
Total, Losses | 0 | 619 |
Total Recoveries | 0 | 0 |
Provision for loan losses | (104) | 1,411 |
Ending balance | 5,638 | 5,742 |
Land and Land Development [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 339 | 641 |
Total, Losses | 0 | 259 |
Total Recoveries | 104 | 270 |
Provision for loan losses | 119 | (313) |
Ending balance | 562 | 339 |
Construction [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 64 | 153 |
Total, Losses | 0 | 0 |
Total Recoveries | 0 | 0 |
Provision for loan losses | 254 | (89) |
Ending balance | 318 | 64 |
Non-Jumbo [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 2,090 | 1,911 |
Total, Losses | 418 | 887 |
Total Recoveries | 48 | 228 |
Provision for loan losses | 485 | 838 |
Ending balance | 2,205 | 2,090 |
Jumbo [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 379 | 72 |
Total, Losses | 0 | 0 |
Total Recoveries | 0 | 25 |
Provision for loan losses | (369) | 282 |
Ending balance | 10 | 379 |
Home Equity [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 167 | 638 |
Total, Losses | 0 | 26 |
Total Recoveries | 15 | 10 |
Provision for loan losses | (62) | (455) |
Ending balance | 120 | 167 |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 0 | 0 |
Total, Losses | 0 | 0 |
Total Recoveries | 0 | 0 |
Provision for loan losses | 0 | 0 |
Ending balance | 0 | 0 |
Consumer [Member] | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 79 | 210 |
Total, Losses | 194 | 244 |
Total Recoveries | 100 | 141 |
Provision for loan losses | 128 | (28) |
Ending balance | 113 | 79 |
Other | ||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||
Beginning balance | 268 | 263 |
Total, Losses | 174 | 282 |
Total Recoveries | 73 | 122 |
Provision for loan losses | 110 | 165 |
Ending balance | $ 277 | $ 268 |
Allowance For Loan Losses (Su_2
Allowance For Loan Losses (Summary Of Net Unearned Income) (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2019 | Dec. 31, 2018 | |
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | $ 13,047 | $ 12,565 | ||
Charge-offs | (805) | (2,603) | ||
Recoveries | 360 | 835 | ||
Provision | 550 | 2,250 | ||
Ending balance | 13,152 | 13,047 | ||
Allowance related to: Loans individually evaluated for impairment | $ 1,673 | $ 2,142 | ||
Allowance related to: Loans collectively evaluated for impairment | 11,378 | 10,891 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 101 | 14 | ||
Total, Allowance | 13,047 | 12,565 | 13,152 | 13,047 |
Loans individually evaluated for impairment | 40,839 | 43,356 | ||
Loans collectively evaluated for impairment | 1,774,646 | 1,648,185 | ||
Loans Acquired with Deteriorated Credit Quality | 3,517 | 3,511 | ||
Total, Loans | 1,819,002 | 1,695,052 | ||
Land and Land Development [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 339 | 641 | ||
Charge-offs | 0 | (259) | ||
Recoveries | 104 | 270 | ||
Provision | 119 | (313) | ||
Ending balance | 562 | 339 | ||
Allowance related to: Loans individually evaluated for impairment | 521 | 298 | ||
Allowance related to: Loans collectively evaluated for impairment | 41 | 41 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | 339 | 641 | 562 | 339 |
Loans individually evaluated for impairment | 2,123 | 5,824 | ||
Loans collectively evaluated for impairment | 65,646 | 63,009 | ||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | ||
Total, Loans | 67,769 | 68,833 | ||
Construction [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 64 | 153 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Provision | 254 | (89) | ||
Ending balance | 318 | 64 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | ||
Allowance related to: Loans collectively evaluated for impairment | 318 | 64 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | 64 | 153 | 318 | 64 |
Loans individually evaluated for impairment | 0 | 0 | ||
Loans collectively evaluated for impairment | 46,975 | 24,731 | ||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | ||
Total, Loans | 46,975 | 24,731 | ||
Commercial [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 1,705 | 1,303 | ||
Charge-offs | (17) | (248) | ||
Recoveries | 7 | 16 | ||
Provision | (491) | 634 | ||
Ending balance | 1,204 | 1,705 | ||
Allowance related to: Loans individually evaluated for impairment | 30 | 682 | ||
Allowance related to: Loans collectively evaluated for impairment | 1,174 | 1,023 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | 1,705 | 1,303 | 1,204 | 1,705 |
Loans individually evaluated for impairment | 5,484 | 4,362 | ||
Loans collectively evaluated for impairment | 198,654 | 189,953 | ||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | ||
Total, Loans | 204,138 | 194,315 | ||
Owner Occupied [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 2,214 | 2,424 | ||
Charge-offs | (2) | (38) | ||
Recoveries | 13 | 23 | ||
Provision | 480 | (195) | ||
Ending balance | 2,705 | 2,214 | ||
Allowance related to: Loans individually evaluated for impairment | 444 | 462 | ||
Allowance related to: Loans collectively evaluated for impairment | 2,261 | 1,752 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | 2,214 | 2,424 | 2,705 | 2,214 |
Loans individually evaluated for impairment | 11,782 | 11,569 | ||
Loans collectively evaluated for impairment | 251,119 | 245,687 | ||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | ||
Total, Loans | 262,901 | 257,256 | ||
Non-Owner Occupied [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 5,742 | 4,950 | ||
Charge-offs | 0 | (619) | ||
Recoveries | 0 | 0 | ||
Provision | (104) | 1,411 | ||
Ending balance | 5,638 | 5,742 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | 9 | ||
Allowance related to: Loans collectively evaluated for impairment | 5,547 | 5,729 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 91 | 4 | ||
Total, Allowance | 5,742 | 4,950 | 5,638 | 5,742 |
Loans individually evaluated for impairment | 10,814 | 9,855 | ||
Loans collectively evaluated for impairment | 562,601 | 562,915 | ||
Loans Acquired with Deteriorated Credit Quality | 1,262 | 1,162 | ||
Total, Loans | 574,677 | 573,932 | ||
Non-Jumbo [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 2,090 | 1,911 | ||
Charge-offs | (418) | (887) | ||
Recoveries | 48 | 228 | ||
Provision | 485 | 838 | ||
Ending balance | 2,205 | 2,090 | ||
Allowance related to: Loans individually evaluated for impairment | 678 | 585 | ||
Allowance related to: Loans collectively evaluated for impairment | 1,517 | 1,495 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 10 | 10 | ||
Total, Allowance | 2,090 | 1,911 | 2,205 | 2,090 |
Loans individually evaluated for impairment | 6,076 | 6,261 | ||
Loans collectively evaluated for impairment | 353,383 | 329,342 | ||
Loans Acquired with Deteriorated Credit Quality | 1,293 | 1,374 | ||
Total, Loans | 360,752 | 336,977 | ||
Jumbo [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 379 | 72 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 25 | ||
Provision | (369) | 282 | ||
Ending balance | 10 | 379 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | 106 | ||
Allowance related to: Loans collectively evaluated for impairment | 10 | 273 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | 379 | 72 | 10 | 379 |
Loans individually evaluated for impairment | 4,022 | 4,953 | ||
Loans collectively evaluated for impairment | 65,187 | 67,671 | ||
Loans Acquired with Deteriorated Credit Quality | 962 | 975 | ||
Total, Loans | 70,171 | 73,599 | ||
Home Equity [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 167 | 638 | ||
Charge-offs | 0 | (26) | ||
Recoveries | 15 | 10 | ||
Provision | (62) | (455) | ||
Ending balance | 120 | 167 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | ||
Allowance related to: Loans collectively evaluated for impairment | 120 | 167 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | 167 | 638 | 120 | 167 |
Loans individually evaluated for impairment | 523 | 523 | ||
Loans collectively evaluated for impairment | 80,850 | 80,387 | ||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | ||
Total, Loans | 81,373 | 80,910 | ||
Mortgage Warehouse Lines [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 0 | 0 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Provision | 0 | 0 | ||
Ending balance | 0 | 0 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | ||
Allowance related to: Loans collectively evaluated for impairment | 0 | 0 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | 0 | 0 | 0 | 0 |
Loans individually evaluated for impairment | 0 | 0 | ||
Loans collectively evaluated for impairment | 101,607 | 39,140 | ||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | ||
Total, Loans | 101,607 | 39,140 | ||
Consumer [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 79 | 210 | ||
Charge-offs | (194) | (244) | ||
Recoveries | 100 | 141 | ||
Provision | 128 | (28) | ||
Ending balance | 113 | 79 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | ||
Allowance related to: Loans collectively evaluated for impairment | 113 | 79 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | 79 | 210 | 113 | 79 |
Loans individually evaluated for impairment | 15 | 9 | ||
Loans collectively evaluated for impairment | 36,700 | 32,451 | ||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | ||
Total, Loans | 36,715 | 32,460 | ||
Other | ||||
Financing Receivable, Allowance for Credit Losses [Roll Forward] | ||||
Beginning balance | 268 | 263 | ||
Charge-offs | (174) | (282) | ||
Recoveries | 73 | 122 | ||
Provision | 110 | 165 | ||
Ending balance | 277 | 268 | ||
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | ||
Allowance related to: Loans collectively evaluated for impairment | 277 | 268 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | ||
Total, Allowance | $ 268 | $ 263 | 277 | 268 |
Loans individually evaluated for impairment | 0 | 0 | ||
Loans collectively evaluated for impairment | 11,924 | 12,899 | ||
Loans Acquired with Deteriorated Credit Quality | 0 | 0 | ||
Total, Loans | $ 11,924 | $ 12,899 |
Goodwill And Other Intangible_3
Goodwill And Other Intangible Assets (Summary Of Goodwill Activity) (Details) | 6 Months Ended |
Jun. 30, 2019USD ($) | |
Goodwill [Roll Forward] | |
Goodwill, beginning balance | $ 15,272,000 |
Goodwill, Purchase Accounting Adjustments | 0 |
Goodwill, Acquired During Period | 1,855,000 |
Goodwill Reduction in Conjunction with Sale | (4,710,000) |
Goodwill, ending balance | 12,417,000 |
Community Banking [Member] | |
Goodwill [Roll Forward] | |
Goodwill, beginning balance | 10,562,000 |
Goodwill, Purchase Accounting Adjustments | 0 |
Goodwill, Acquired During Period | 1,855,000 |
Goodwill Reduction in Conjunction with Sale | 0 |
Goodwill, ending balance | 12,417,000 |
Insurance Services [Member] | |
Goodwill [Roll Forward] | |
Goodwill, beginning balance | 4,710,000 |
Goodwill, Purchase Accounting Adjustments | 0 |
Goodwill, Acquired During Period | 0 |
Goodwill Reduction in Conjunction with Sale | (4,710,000) |
Goodwill, ending balance | $ 0 |
Goodwill And Other Intangible_4
Goodwill And Other Intangible Assets (Summary Of Other Intangible Assets) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Goodwill [Line Items] | ||
Identifiable intangible assets, Gross carrying amount | $ 17,727 | $ 15,598 |
Identifiable intangible assets, Less: accumulated amortization | 5,926 | 5,028 |
Customer Intangible Reduction in Conjunction with Sale | 633 | 0 |
Identifiable intangible assets, Net carrying amount | 11,168 | 10,570 |
Community Banking [Member] | ||
Goodwill [Line Items] | ||
Identifiable intangible assets, Gross carrying amount | 14,727 | 12,598 |
Identifiable intangible assets, Less: accumulated amortization | 3,559 | 2,728 |
Customer Intangible Reduction in Conjunction with Sale | 0 | 0 |
Identifiable intangible assets, Net carrying amount | 11,168 | 9,870 |
Insurance Services [Member] | ||
Goodwill [Line Items] | ||
Identifiable intangible assets, Gross carrying amount | 3,000 | 3,000 |
Identifiable intangible assets, Less: accumulated amortization | 2,367 | 2,300 |
Customer Intangible Reduction in Conjunction with Sale | 633 | 0 |
Identifiable intangible assets, Net carrying amount | $ 0 | $ 700 |
Goodwill And Other Intangible_5
Goodwill And Other Intangible Assets (Narrative) (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Recorded amortization expense | $ 897,000 | $ 848,000 |
Goodwill And Other Intangible_6
Goodwill And Other Intangible Assets Schedule of Amortization Expense (Details) - Core Deposits [Member] $ in Thousands | Jun. 30, 2019USD ($) |
Schedule of Amortization of Intangibles [Line Items] | |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | $ 1,634 |
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 1,513 |
Finite-Lived Intangible Assets, Amortization Expense, Year Three | 1,393 |
Finite-Lived Intangible Assets, Amortization Expense, Year Four | 1,273 |
Finite-Lived Intangible Assets, Amortization Expense, Year Five | $ 1,152 |
Deposits (Summary Of Interest B
Deposits (Summary Of Interest Bearing Deposits By Type) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | |
Deposits [Abstract] | |||
Demand deposits, interest bearing | $ 588,948 | $ 523,257 | |
Savings deposits | 301,403 | 284,173 | |
Time deposits | 672,745 | 605,276 | |
Total | $ 1,563,096 | $ 1,412,706 | [1] |
[1] | Derived from audited consolidated financial statements |
Deposits (Summary Of Scheduled
Deposits (Summary Of Scheduled Maturities For All Time Deposits) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Deposits [Abstract] | ||
Six month period ending December 31, 2019 | $ 141,784 | |
Year ending December 31, 2020 | 290,872 | |
Year ending December 31, 2021 | 127,679 | |
Year ending December 31, 2022 | 43,620 | |
Year ending December 31, 2023 | 18,004 | |
Thereafter | 50,786 | |
Total | $ 672,745 | $ 605,276 |
Deposits (Narrative) (Details)
Deposits (Narrative) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Deposits [Abstract] | ||
Time Deposits, at or Above FDIC Insurance Limit | $ 267,887 | $ 255,800 |
Time deposits acquired through a third party (brokered deposits) | $ 222,901 | $ 220,500 |
Borrowed Funds (Summary Of Shor
Borrowed Funds (Summary Of Short-Term Borrowings) (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | ||
Debt Instrument [Line Items] | ||||
Beginning Balance | $ 225,343 | $ 309,084 | [1] | |
Short-term FHLB Advances [Member] | ||||
Debt Instrument [Line Items] | ||||
Beginning Balance | 225,200 | $ 199,900 | 303,950 | |
Average balance outstanding for the period | 192,895 | 211,884 | 223,764 | |
Maximum balance outstanding at any month end during period | $ 225,200 | $ 262,000 | $ 303,950 | |
Weighted average interest rate for the period | 2.72% | 1.87% | 2.18% | |
Weighted average interest rate for balances outstanding | 2.51% | 2.19% | 2.71% | |
Federal Funds Purchased and Lines of Credit [Member] | ||||
Debt Instrument [Line Items] | ||||
Beginning Balance | $ 143 | $ 2,529 | $ 5,134 | |
Average balance outstanding for the period | 777 | 3,497 | 4,378 | |
Maximum balance outstanding at any month end during period | $ 143 | $ 3,523 | $ 7,534 | |
Weighted average interest rate for the period | 2.48% | 1.65% | 1.95% | |
Weighted average interest rate for balances outstanding | 2.50% | 2.00% | 2.50% | |
[1] | Derived from audited consolidated financial statements |
Borrowed Funds (Long-term Borro
Borrowed Funds (Long-term Borrowings) (Narrative) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 |
Debt Disclosure [Abstract] | |||
Long-term borrowings | $ 726 | $ 735 | |
Average interest rate paid on long-term borrowings | 5.34% | 4.26% |
Borrowed Funds (Summary of Long
Borrowed Funds (Summary of Long-Term Borrowings) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Debt Disclosure [Abstract] | ||
Long-term FHLB advances | $ 726 | $ 735 |
Total | $ 726 | $ 735 |
Borrowed Funds (Subordinated De
Borrowed Funds (Subordinated Debentures Owed to Unconsolidated Subsidiary Trusts) (Narrative) (Details) $ in Thousands | 6 Months Ended | |||
Jun. 30, 2019USD ($)trust | Jun. 30, 2018USD ($) | Dec. 31, 2018USD ($) | [1] | |
Debt Instrument [Line Items] | ||||
Number of statutory business trusts | trust | 3 | |||
Subordinated debentures owed to unconsolidated subsidiary trusts | $ 19,589 | $ 19,589 | ||
Proceeds from issuance of common stock, net of issuance costs | $ 40 | $ 126 | ||
Trust preferred securities limited to tier one capital elements, net of goodwill | 25.00% | |||
[1] | Derived from audited consolidated financial statements |
Borrowed Funds (Summary Of The
Borrowed Funds (Summary Of The Maturities Of All Long-Term Borrowings And Subordinated Debentures) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Total | $ 726 | $ 735 |
Long-term Debt [Member] | ||
2019 | 9 | |
2020 | 18 | |
2021 | 20 | |
2022 | 21 | |
2023 | 22 | |
Thereafter | 636 | |
Total | 726 | |
Subordinated debentures owed to unconsolidated subsidiary trusts [Member] | ||
2019 | 0 | |
2020 | 0 | |
2021 | 0 | |
2022 | 0 | |
2023 | 0 | |
Thereafter | 19,589 | |
Total | $ 19,589 |
Share Based Compensation Share
Share Based Compensation Share Based Compensation (Narrative) (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Mar. 31, 2019 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | May 31, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Number of LTIP shares authorized | 20,000,000 | 20,000,000 | |||
Allocated Share-based Compensation Expense | $ 281,000 | $ 193,000 | |||
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense | $ 67,000 | $ 46,000 | |||
5 Year Vesting Stock Appreciation Rights [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Number of awards granted | 109,819 | ||||
Vesting period | 5 years | ||||
Percentage vested per year | 20.00% | ||||
Expiration period | 10 years | ||||
7 Year Vesting Stock Appreciation Rights [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Number of awards granted | 28,306 | ||||
Vesting period | 7 years | ||||
Percentage vested per year | 14.29% | ||||
Expiration period | 10 years | ||||
2014 Long-Term Incentive Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Number of LTIP shares authorized | 500,000 |
Share Based Compensation Schedu
Share Based Compensation Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) | 6 Months Ended |
Jun. 30, 2019 | |
5 Year Vesting Stock Appreciation Rights [Member] | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Line Items] | |
Risk-free interest rate | 2.43% |
Expected dividend yield | 2.30% |
Expected common stock volatility | 35.71% |
Expected life | 6 years 6 months |
7 Year Vesting Stock Appreciation Rights [Member] | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Line Items] | |
Risk-free interest rate | 2.51% |
Expected dividend yield | 2.30% |
Expected common stock volatility | 40.84% |
Expected life | 7 years |
Share Based Compensation (Summa
Share Based Compensation (Summary Of Activity In Stock Option Plans) (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ||||
Outstanding Options, Exercised | (16,815) | 0 | (17,255) | (200) |
Employee Stock Option and Stock Appreciation Rights (SARs) [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $ 2,132 | $ 2,272 | $ 2,132 | $ 2,272 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Outstanding Options, Weighted Average Remaining Contractual Term | 7 years 7 months 28 days | 6 years 9 months 29 days | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number | 112,989 | 110,924 | 112,989 | 110,924 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value | $ 1,189 | $ 1,225 | $ 1,189 | $ 1,225 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Remaining Contractual Term | 5 years 10 months 2 days | 5 years 8 months 19 days | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $ 16.32 | $ 15.80 | $ 16.32 | $ 15.80 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ||||
Outstanding Options, Beginning Balance | 232,091 | 250,291 | ||
Outstanding Options, Granted | 138,125 | 0 | ||
Outstanding Options, Exercised | (31,413) | (200) | ||
Outstanding Options, Forfeited | 0 | (3,000) | ||
Outstanding Options, Expired | 0 | 0 | ||
Outstanding Options, Ending Balance | 338,803 | 247,091 | 338,803 | 247,091 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract] | ||||
Outstanding, Weighted-Average Exercise Price, Beginning Balance | $ 17.36 | $ 17.75 | ||
Outstanding, Weighted-Average Exercise Price, Granted | 23.94 | 0 | ||
Outstanding, Weighted-Average Exercise Price, Exercised | 11.83 | 17.79 | ||
Outstanding, Weighted-Average Exercise Price, Forfeited | 0 | 26 | ||
Outstanding, Weighted-Average Exercise Price, Expired | 0 | 0 | ||
Outstanding, Weighted-Average Exercise Price, Ending Balance | $ 20.56 | $ 17.65 | $ 20.56 | $ 17.65 |
Commitments And Contingencies_2
Commitments And Contingencies (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Loss Contingencies [Line Items] | ||
Total unfunded commitments | $ 366,191,000 | |
Operating Lease Rent Expense, Next Twelve Months | 115,000 | |
Operating Leases Rent Expense, Year Two | 92,000 | |
Operating Leases, Rent Expense, Net | 100,000 | $ 140,000 |
Revolving Home Equity And Credit Card Lines [Member] | ||
Loss Contingencies [Line Items] | ||
Total unfunded commitments | 69,381,000 | |
Construction [Member] | ||
Loss Contingencies [Line Items] | ||
Total unfunded commitments | 127,139,000 | |
Other Loans [Member] | ||
Loss Contingencies [Line Items] | ||
Total unfunded commitments | 163,887,000 | |
Standby Letters Of Credit [Member] | ||
Loss Contingencies [Line Items] | ||
Total unfunded commitments | $ 5,784,000 |
Regulatory Matters (Summary Of
Regulatory Matters (Summary Of Actual Capital Amounts And Ratios) (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Summit [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
CET1 (to risk weighted assets), Actual Amount | $ 212,502 | $ 197,551 |
CET1 (to risk weighted assets), Actual Ratio | 11.10% | 11.10% |
Tier I Capital (to risk weighted assets), Actual Amount | $ 231,502 | $ 216,551 |
Tier I Capital (to risk weighted assets), Actual Ratio | 12.10% | 12.20% |
Total Capital (to risk weighted assets), Actual Amount | $ 244,654 | $ 229,598 |
Total Capital (to risk weighted assets), Actual Ratio | 12.80% | 12.90% |
Tier I Capital (to average assets), Actual Amount | $ 231,502 | $ 216,551 |
Tier I Capital (to average assets), Actual Ratio | 10.40% | 10.10% |
Summit Community [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
CET1 (to risk weighted assets), Actual Amount | $ 228,143 | $ 213,930 |
CET1 (to risk weighted assets), Actual Ratio | 11.90% | 12.00% |
CET1 (to risk weighted assets), Minimum Required Capital, Amount | $ 134,202 | $ 124,793 |
CET1 (to risk weighted assets), Minimum Required Capital, Ratio | 7.00% | 7.00% |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 124,616 | $ 115,879 |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 6.50% | 6.50% |
Tier I Capital (to risk weighted assets), Actual Amount | $ 228,143 | $ 213,930 |
Tier I Capital (to risk weighted assets), Actual Ratio | 11.90% | 12.00% |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 162,959 | $ 151,534 |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Ratio | 8.50% | 8.50% |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 153,373 | $ 142,620 |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 8.00% | 8.00% |
Total Capital (to risk weighted assets), Actual Amount | $ 241,295 | $ 226,977 |
Total Capital (to risk weighted assets), Actual Ratio | 12.60% | 12.80% |
Total Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 201,079 | $ 186,192 |
Total Capital (to risk weighted assets), Minimum Required Capital, Ratio | 10.50% | 10.50% |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 191,504 | $ 177,326 |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 10.00% | 10.00% |
Tier I Capital (to average assets), Actual Amount | $ 228,143 | $ 213,930 |
Tier I Capital (to average assets), Actual Ratio | 10.20% | 10.00% |
Tier I Capital (to average assets), Minimum Required Capital, Amount | $ 89,468 | $ 85,572 |
Tier I Capital (to average assets), Minimum Required Capital, Ratio | 4.00% | 4.00% |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Amount | $ 111,835 | $ 106,965 |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Ratio | 5.00% | 5.00% |
Derivative Financial Instrume_3
Derivative Financial Instruments (Narrative) (Details) $ in Thousands | 6 Months Ended |
Jun. 30, 2019USD ($)contract | |
Derivative [Line Items] | |
Number of forward-starting, pay-fixed/receive LIBOR interest rate swaps | contract | 4 |
Forward Contract effective July 18 2016 [Member] | |
Derivative [Line Items] | |
Notional Amount | $ 40,000 |
Notional Amount | $ 40,000 |
Derivative, swaption interest rate | 2.98% |
Derivative, term of contract | 3 years |
Forward Contract effective April 18 2016 [Member] | |
Derivative [Line Items] | |
Notional Amount | $ 30,000 |
Notional Amount | $ 30,000 |
Derivative, swaption interest rate | 2.89% |
Derivative, term of contract | 4 years 6 months |
Forward Contract effective October 18 2016 [Member] | |
Derivative [Line Items] | |
Notional Amount | $ 40,000 |
Notional Amount | $ 40,000 |
Derivative, swaption interest rate | 2.841% |
Derivative, term of contract | 3 years |
Forward Contract effective October 18 2019 [Domain] | |
Derivative [Line Items] | |
Notional Amount | $ 40,000 |
Notional Amount | $ 40,000 |
Derivative, swaption interest rate | 2.19% |
Derivative, term of contract | 2 years |
Fair Value Hedging [Member] | |
Derivative [Line Items] | |
Number of forward-starting, pay-fixed/receive LIBOR interest rate swaps | contract | 2 |
Fair Value Hedging [Member] | Commercial Real Estate [Member] | Interest Rate Swap effective January 15 2015 [Member] | |
Derivative [Line Items] | |
Notional Amount | $ 9,950 |
Derivative, swaption interest rate | 4.33% |
Derivative, term of contract | 10 years |
Fair Value Hedging [Member] | Commercial Real Estate [Member] | Interest Rate Swap effective December 18 2015 [Member] | |
Derivative [Line Items] | |
Notional Amount | $ 11,300 |
Derivative, swaption interest rate | 4.30% |
Derivative, term of contract | 10 years |
Derivative Financial Instrume_4
Derivative Financial Instruments (Details) - Interest Rate Swap [Member] - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2019 | Dec. 31, 2018 | |
Short-term Debt [Member] | Cash Flow Hedges [Member] | ||
Derivative [Line Items] | ||
Notional Amount | $ 150,000 | $ 110,000 |
Derivative Fair Value, Asset | 0 | 0 |
Derivative Fair Value, Liability | 968 | 411 |
Net Ineffectiveness Hedge Gains/(Losses) | 0 | 0 |
Commercial Real Estate [Member] | Fair Value Hedges [Member] | ||
Derivative [Line Items] | ||
Notional Amount | 19,107 | 19,399 |
Derivative Fair Value, Asset | 0 | 555 |
Derivative Fair Value, Liability | 279 | 0 |
Net Ineffectiveness Hedge Gains/(Losses) | $ 0 | $ 0 |
Acquisitions Acquisitions (Nar
Acquisitions Acquisitions (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands | Jan. 01, 2019 | Jul. 24, 2018 | Jun. 30, 2019 | Dec. 31, 2018 |
Business Acquisition [Line Items] | ||||
Goodwill | $ 12,417 | $ 15,272 | ||
Peoples Bankshares Inc [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | $ 133,086 | 133,000 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $ 113,486 | $ 113,000 | ||
Business Acquisition, Share Price | $ 47 | |||
Business Acquisition, Share Price, Number Of Shares | 465,931 | 1.7193 | ||
Business Acquisition Combination of Equity and Cash, Cash | 50.00% | |||
Business Acquisition Combination of Equity and Cash, Common Stock | 50.00% | |||
Goodwill | $ 1,850 | |||
Stock Consideration [Member] | Peoples Bankshares Inc [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Consideration Transferred | 9,000 | |||
Cash Consideration [Member] | Peoples Bankshares Inc [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Consideration Transferred | $ 12,700 | |||
Core Deposits [Member] | Peoples Bankshares Inc [Member] | ||||
Business Acquisition [Line Items] | ||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 15 years |
Acquisitions Schedule of Consid
Acquisitions Schedule of Consideration Paid, Assets Acquired and Liabilities Assumed in Acquisition of PBI (Details) - USD ($) $ in Thousands | Jan. 01, 2019 | Jun. 30, 2019 | Dec. 31, 2018 |
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property Held-For-Sale | $ 0 | ||
Goodwill | $ 12,417 | $ 15,272 | |
As Recorded By Summit [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Consideration Transferred | 21,737 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Cash and Cash Equivalents | (93) | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | 33,329 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Securities Available for Sale | (93) | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities | 55,113 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Purchased Performing Loans | (977) | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Purchased Performing Loans | 41,399 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Purchased Credit Impaired Loans | 0 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Purchased Credit Impaired Loans | 0 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Allowance For Loan Losses | 410 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets, Allowance For Loan Losses | 0 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Property, Plant, And Equipment | (567) | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 815 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Property Held-For-Sale | 0 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Intangibles | 2,129 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 2,129 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Other Assets | (100) | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets | 1,010 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Assets | 709 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 133,795 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Deposits | 315 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits | 112,379 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Other Liabilities | 111 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other | 1,533 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Liabilities | 426 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 113,912 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Assets (Liabilities), Net | 283 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | 19,883 | ||
Goodwill | 1,854 | ||
Peoples Bankshares Inc [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | 33,422 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities | 55,206 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Purchased Performing Loans | 42,376 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Purchased Credit Impaired Loans | 0 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets, Allowance For Loan Losses | (410) | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 1,382 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property Held-For-Sale | 0 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets | 1,110 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 133,086 | 133,000 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits | 112,064 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other | 1,422 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 113,486 | $ 113,000 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | 19,600 | ||
Goodwill | 1,850 | ||
Cash Consideration [Member] | As Recorded By Summit [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Consideration Transferred | 12,740 | ||
Cash Consideration [Member] | Peoples Bankshares Inc [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Consideration Transferred | 12,700 | ||
Stock Consideration [Member] | As Recorded By Summit [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Consideration Transferred | 8,997 | ||
Stock Consideration [Member] | Peoples Bankshares Inc [Member] | |||
Business Acquisition [Line Items] | |||
Business Combination, Consideration Transferred | $ 9,000 |
Acquisitions Financial Effects
Acquisitions Financial Effects of Purchase Accounting Adjustments (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Business Acquisition [Line Items] | ||||
Interest and Fees on Loans | $ 425 | $ 56 | $ 467 | $ 201 |
Interest Expense on Deposits | 82 | 53 | 170 | 114 |
Amortization of Intangibles | (404) | (363) | (830) | (748) |
Income Before Income Tax Expense | $ 103 | $ (254) | $ (193) | $ (433) |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||||||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Stockholders' Equity Attributable to Parent | $ 235,701 | $ 209,879 | $ 235,701 | $ 209,879 | $ 233,630 | $ 219,830 | [1] | $ 205,009 | $ 201,505 |
Other Comprehensive Income (Loss), Net of Tax | 1,107 | (98) | 3,237 | (2,718) | |||||
Accumulated Pension Plan Adjustment Net Unamortized Gain Loss [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Stockholders' Equity Attributable to Parent | (328) | (328) | (328) | 0 | |||||
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 0 | (328) | |||||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | 0 | |||||||
Other Comprehensive Income (Loss), Net of Tax | 0 | (328) | |||||||
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Stockholders' Equity Attributable to Parent | 139 | 398 | 139 | 398 | 139 | 139 | 398 | 398 | |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 0 | 0 | 0 | 0 | |||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | 0 | 0 | 0 | |||||
Other Comprehensive Income (Loss), Net of Tax | 0 | 0 | 0 | 0 | |||||
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Stockholders' Equity Attributable to Parent | (737) | (472) | (737) | (472) | (323) | (314) | (849) | (1,564) | |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (414) | 377 | (423) | 1,092 | |||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | 0 | 0 | 0 | |||||
Other Comprehensive Income (Loss), Net of Tax | (414) | 377 | (423) | 1,092 | |||||
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Stockholders' Equity Attributable to Parent | 3,147 | (912) | 3,147 | (912) | 1,626 | (841) | (437) | 2,898 | |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 2,346 | (409) | 4,810 | (3,188) | |||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (825) | (66) | (822) | (622) | |||||
Other Comprehensive Income (Loss), Net of Tax | 1,521 | (475) | 3,988 | (3,810) | |||||
Accumulated Other Comprehensive Income [Member] | |||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||
Stockholders' Equity Attributable to Parent | 2,221 | (986) | 2,221 | (986) | $ 1,114 | $ (1,016) | $ (888) | $ 1,732 | |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 1,932 | (32) | 4,059 | (2,096) | |||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (825) | (66) | (822) | (622) | |||||
Other Comprehensive Income (Loss), Net of Tax | $ 1,107 | $ (98) | $ 3,237 | $ (2,718) | |||||
[1] | Derived from audited consolidated financial statements |
Income Taxes Income Taxes (Narr
Income Taxes Income Taxes (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Income Tax Disclosure [Abstract] | ||||
Income tax expense | $ 1,880 | $ 1,658 | $ 3,481 | $ 3,534 |
Effective Income Tax Rate Reconciliation, Percent | 18.00% | 20.90% | 18.20% | 20.50% |
Income Taxes Income Taxes (Reco
Income Taxes Income Taxes (Reconciliation Statutory Income Tax Rates) (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Effective Income Tax Rate Reconciliation, Percent [Abstract] | ||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 21.00% | 21.00% | 21.00% |
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Percent | (1.90%) | (3.20%) | (2.20%) | (2.90%) |
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent | 1.60% | 2.30% | 1.80% | 2.20% |
Effective Income Tax Rate Reconciliation, Low-Income Housing and Rehabilitation, Percent | (0.90%) | (1.20%) | (0.70%) | (1.10%) |
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent | (1.80%) | 2.00% | (1.70%) | 1.30% |
Effective Income Tax Rate Reconciliation, Percent | 18.00% | 20.90% | 18.20% | 20.50% |
Income Taxes Income Taxes (Sche
Income Taxes Income Taxes (Schedule of Components of Applicable Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Current Income Tax Expense (Benefit), Continuing Operations [Abstract] | ||||
Current Federal Tax Expense (Benefit) | $ 1,596 | $ 1,464 | $ 3,247 | $ 3,217 |
Current State and Local Tax Expense (Benefit) | 206 | 233 | 470 | 510 |
Current Income Tax Expense (Benefit) | 1,802 | 1,697 | 3,717 | 3,727 |
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract] | ||||
Deferred Federal Income Tax Expense (Benefit) | 68 | (34) | (206) | (167) |
Deferred State and Local Income Tax Expense (Benefit) | 10 | (5) | (30) | (26) |
Deferred Income Tax Expense (Benefit) | 78 | (39) | (236) | (193) |
Income Tax Expense (Benefit) | $ 1,880 | $ 1,658 | $ 3,481 | $ 3,534 |
Revenue Recognition Revenue f_3
Revenue Recognition Revenue from Contracts with Customers (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Revenue within other ASC Scopes [Member] | ||||
Revenue from Contracts with Customers [Line Items] | ||||
GainLossOnSalesOfForeclosedProperties | $ (156) | $ (58) | $ (158) | $ 6 |
Revenue Recognition Revenue f_4
Revenue Recognition Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Revenue from Contracts with Customers [Line Items] | ||||
Insurance commissions | $ 606 | $ 1,013 | $ 1,780 | $ 2,126 |
Noninterest Income, Other Operating Income | 235 | 210 | 476 | 459 |
Non-interest income within the scope of other ASC topics | 3,405 | 488 | 3,792 | 1,664 |
Noninterest Income | 6,810 | 4,148 | 11,040 | 9,023 |
Revenue in Scope ASC 606 [Member] | ||||
Revenue from Contracts with Customers [Line Items] | ||||
Insurance commissions | 606 | 1,013 | 1,780 | 2,126 |
Noninterest Income, Other Operating Income | 70 | 58 | 158 | 137 |
Total Revenue in ASC 606 | 3,405 | 3,660 | 7,248 | 7,359 |
Deposit Account [Member] | ||||
Revenue from Contracts with Customers [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 1,224 | 1,116 | 2,405 | 2,207 |
Deposit Account [Member] | Revenue in Scope ASC 606 [Member] | ||||
Revenue from Contracts with Customers [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 1,224 | 1,116 | 2,405 | 2,207 |
Credit and Debit Card [Member] | ||||
Revenue from Contracts with Customers [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 893 | 801 | 1,707 | 1,550 |
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 | 893 | 801 | 1,707 | 1,550 |
Fiduciary and Trust [Member] | ||||
Revenue from Contracts with Customers [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 612 | 672 | 1,198 | 1,339 |
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 | $ 612 | $ 672 | $ 1,198 | $ 1,339 |