Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Mar. 02, 2022 | Jun. 30, 2021 | |
Document And Entity Information | |||
Entity Central Index Key | 0000811808 | ||
Document Fiscal Year Focus | 2021 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Entity File Number | 0-16587 | ||
Entity Incorporation, State or Country Code | WV | ||
Entity Tax Identification Number | 55-0672148 | ||
Entity Address, Postal Zip Code | 26836 | ||
Entity Address, State or Province | WV | ||
Entity Address, City or Town | Moorefield | ||
Entity Address, Address Line One | 300 N. Main Street | ||
City Area Code | 304 | ||
Local Phone Number | 530-1000 | ||
Trading Symbol | SMMF | ||
Security Exchange Name | NASDAQ | ||
Title of 12(b) Security | Common | ||
Entity Interactive Data Current | Yes | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2021 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Registrant Name | Summit Financial Group, Inc. | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Shell Company | false | ||
Entity Public Float | $ 247,260,000 | ||
Entity Common Stock, Shares Outstanding | 12,766,063 | ||
Entity Filer Category | Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | true |
Audit Information
Audit Information | 12 Months Ended |
Dec. 31, 2021 | |
Audit Information [Abstract] | |
Auditor Name | Yount, Hyde & Barbour, P.C |
Auditor Location | Winchester, Virginia |
Auditor Firm ID | 613 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
ASSETS | ||
Cash and due from banks | $ 21,006 | $ 19,522 |
Interest bearing deposits with other banks | 57,452 | 80,265 |
Cash and cash equivalents | 78,458 | 99,787 |
Debt Securities, Available-for-sale | 401,103 | 286,127 |
Debt Securities, Held-to-maturity | 98,060 | 99,914 |
Debt Securities, Held-to-maturity, Allowance for Credit Loss | 0 | 0 |
Debt Security Held to Maturity, Net of Allowance for Credit Losses | 98,060 | 99,914 |
Equity Securities, FV-NI | 20,202 | 0 |
Other investments | 11,304 | 14,185 |
Loans held for sale, net | 227 | 1,998 |
Loans and Leases Receivable, Net of Deferred Income | 2,761,391 | 2,412,153 |
Loans and Leases Receivable, Allowance | (32,298) | (32,246) |
Loans, net | 2,729,093 | 2,379,907 |
Property held for sale | 9,858 | 15,588 |
Premises and equipment, net | 56,371 | 52,537 |
Accrued interest receivable | 10,578 | 11,989 |
Intangible assets | 63,590 | 55,123 |
Cash surrender value of life insurance policies | 60,613 | 59,438 |
Other assets | 37,262 | 29,791 |
Total assets | 3,576,719 | 3,106,384 |
Deposits | ||
Non interest bearing | 568,986 | 440,818 |
Interest bearing | 2,374,103 | 2,154,833 |
Total deposits | 2,943,089 | 2,595,651 |
Short-term borrowings | 140,146 | 140,146 |
Long-term borrowings | 679 | 699 |
Subordinated Debt | 102,891 | 29,364 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Other liabilities | 42,852 | 39,355 |
Total liabilities | 3,249,246 | 2,824,804 |
Commitments and Contingencies | ||
Preferred Stock, Shares Issued | 1,500 | |
Shareholders' Equity | ||
Preferred stock, $1.00 par value, authorized 250,000 shares; issued: 2021 - 1,500 shares | $ 14,920 | 0 |
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2021 - 12,763,827 shares, 2020 - 12,985,708 shares; outstanding: 2021 - 12,743,125 shares, 2020 - 12,942,004 shares | 89,525 | 94,964 |
Unallocated common stock held by Employee Stock Ownership Plan - 2021 - 20,702 shares, 2020 - 43,704 shares | (224) | (472) |
Retained earnings | 217,770 | 181,643 |
Accumulated other comprehensive income | 5,482 | 5,445 |
Total shareholders' equity | 327,473 | 281,580 |
Total liabilities and shareholders' equity | $ 3,576,719 | $ 3,106,384 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2021 | Apr. 30, 2021 | Dec. 31, 2020 |
Statement of Financial Position [Abstract] | |||
Debt securities, held-to-maturity, fair value | $ 101,242 | $ 103,157 | |
Preferred stock, par value | $ 1 | $ 1 | $ 1 |
Preferred stock, shares authorized | 250,000 | 250,000 | |
Common stock, par value | $ 2.50 | $ 2.50 | |
Common stock, shares authorized | 20,000,000 | 20,000,000 | |
Common stock, shares issued | 12,763,827 | 12,985,708 | |
Common stock, shares outstanding | 12,743,125 | 12,942,004 | |
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 20,702 | 43,704 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Interest and fees on loans | |||
Taxable | $ 112,268 | $ 104,986 | $ 96,500 |
Tax-exempt | 362 | 578 | 615 |
Interest and dividends on securities | |||
Interest Income, Securities, Operating, Taxable | 5,884 | 5,997 | 6,511 |
Interest Income, Securities, Operating, Tax Exempt | 3,586 | 3,176 | 2,850 |
Interest on interest bearing deposits with other banks | 315 | 266 | 595 |
Total interest income | 122,415 | 115,003 | 107,071 |
Interest expense | |||
Interest on deposits | 8,181 | 16,044 | 23,697 |
Interest on short-term borrowings | 1,768 | 2,330 | 5,303 |
Interest on long-term borrowings and subordinated debentures | 2,534 | 1,147 | 987 |
Total interest expense | 12,483 | 19,521 | 29,987 |
Net interest income | 109,932 | 95,482 | 77,084 |
Provision for loan losses | 4,000 | 14,500 | 1,550 |
Net interest income after provision for loan losses | 105,932 | 80,982 | 75,534 |
Other income | |||
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments | 425 | 3,472 | 1,938 |
Mortgage Origination Revenue | 3,999 | 2,799 | 770 |
Equity Securities, FV-NI, Gain (Loss) | 202 | 0 | 0 |
Gain (Loss) on Disposition of Business | 0 | 0 | 1,906 |
Bank owned life insurance and annuities income | 1,026 | 1,567 | 1,044 |
Other | 742 | 668 | 2,351 |
Total other income | 20,208 | 20,083 | 19,203 |
Other expense | |||
Salaries, commissions, and employee benefits | 34,386 | 31,280 | 28,327 |
Net occupancy expense | 4,824 | 3,963 | 3,417 |
Equipment expense | 6,990 | 5,765 | 4,972 |
Professional fees | 1,578 | 1,538 | 1,678 |
Marketing and Advertising Expense | 697 | 596 | 698 |
Amortization of intangibles | 1,563 | 1,659 | 1,701 |
FDIC premiums | 1,449 | 856 | 88 |
Bank card expense | 2,668 | 2,225 | 1,820 |
Foreclosed properties expense, net of losses | 1,745 | 2,490 | 2,498 |
Business Combination, Acquisition Related Costs | 1,224 | 1,671 | 617 |
Other | 11,615 | 10,268 | 9,338 |
Total other expense | 68,739 | 62,311 | 55,154 |
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total | 57,401 | 38,754 | 39,583 |
Income tax expense | 11,663 | 7,428 | 7,717 |
Net Income | 45,738 | 31,326 | 31,866 |
Dividends, Preferred Stock, Cash | 589 | 0 | 0 |
Net income (loss) applicable to common shares | $ 45,149 | $ 31,326 | $ 31,866 |
Basic earnings per share | $ 3.49 | $ 2.42 | $ 2.55 |
Diluted earnings per share | $ 3.47 | $ 2.41 | $ 2.53 |
Fiduciary and Trust [Member] | |||
Other income | |||
Revenue from Contract with Customer, Including Assessed Tax | $ 2,886 | $ 2,495 | $ 2,564 |
Deposit Account [Member] | |||
Other income | |||
Revenue from Contract with Customer, Including Assessed Tax | 5,032 | 4,588 | 5,094 |
Credit and Debit Card [Member] | |||
Other income | |||
Revenue from Contract with Customer, Including Assessed Tax | $ 5,896 | $ 4,494 | $ 3,536 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Statement of Comprehensive Income [Abstract] | |||
Net income | $ 45,738 | $ 31,326 | $ 31,866 |
Other comprehensive income (loss): | |||
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax | 5,125 | (614) | (204) |
Other Comprehensive Income (Loss), Securities Fair Value Hedge, Gain (Loss) Arising During Period, after Tax | (418) | 0 | 0 |
Net unrealized gain (loss) on available for sale debt securities of ($6,510), $4,830, and $5,244, net of deferred taxes of ($1,562), $1,159, and $1,258 and reclassification adjustment for net realized gains (losses) included in net income of $425, $3,472, and $1,938, net of tax of $102, $833, and $465 for the years ended December 31, 2021, 2020, and 2019, respectfully | (4,948) | 3,671 | 3,986 |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax | 49 | (88) | (91) |
Other Comprehensive Income (Loss), Pension Plan, Gain (Loss) Arising During Period, after Tax | 229 | (59) | (140) |
Other Comprehensive Income (Loss), Net of Tax | 37 | 2,910 | 3,551 |
Total comprehensive income | $ 45,775 | $ 34,236 | $ 35,417 |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Statement of Comprehensive Income [Abstract] | |||
Net unrealized gain (loss) on cashflow hedge | $ 6,743 | $ (808) | $ (268) |
Net unrealized gain (loss) on cashflow hedge, deferred tax | 1,618 | (194) | (64) |
Net unrealized gain (loss) on securities fair value hedge | (550) | ||
Net unrealized gain (loss) on securities fair value hedge, deferred tax | (132) | ||
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment and Tax | (6,510) | 4,830 | 5,244 |
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, Tax | (1,562) | 1,159 | 1,258 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | 425 | 3,472 | 1,938 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | 102 | 833 | 465 |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax | 64 | (116) | (120) |
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, Tax | 15 | (28) | (29) |
Other Comprehensive Income (Loss), Pension Plan, Gain (Loss) Arising During Period, before Tax | 301 | (78) | (184) |
Other Comprehensive Income (Loss), Pension Plan, Gain (Loss) Arising During Period, Tax | $ 72 | $ (19) | $ (44) |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands | Total | Series 2021 Preferred Stock | Preferred Stock | Common Stock | Unearned ESOP Shares [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income [Member] |
Beginning Balance at Dec. 31, 2018 | $ 219,830 | $ 0 | $ 80,431 | $ (939) | $ 141,354 | $ (1,016) | |
Comprehensive income: | |||||||
Net income | 31,866 | 31,866 | |||||
Other comprehensive income | 3,551 | 3,551 | |||||
Exercise of stock options | 7 | 7 | |||||
Stock compensation expense | 590 | 590 | |||||
Stock Issued During Period, Value, Employee Stock Ownership Plan | 530 | 305 | 225 | ||||
Stock Repurchased and Retired During Period, Value | (10,405) | (10,405) | |||||
Stock Issued During Period, Value, Acquisitions | 8,918 | 8,918 | |||||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 238 | 238 | |||||
Dividends, Preferred Stock, Cash | 0 | ||||||
Dividends, Common Stock, Cash | (7,361) | (7,361) | |||||
Ending Balance at Dec. 31, 2019 | $ 247,764 | 0 | 80,084 | (714) | 165,859 | 2,535 | |
Comprehensive income: | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 17,366 | ||||||
Stock Issued During Period, Shares, Employee Stock Ownership Plan | 20,855 | ||||||
Stock Repurchased and Retired During Period, Shares | 417,577 | ||||||
Stock Issued During Period, Shares, Acquisitions | 465,931 | ||||||
Common stock issuances from reinvested dividends, number of shares | 9,034 | ||||||
Common Stock, Dividends, Per Share, Declared | $ 0.59 | ||||||
Net income | $ 31,326 | 31,326 | |||||
Other comprehensive income | 2,910 | 2,910 | |||||
Impact of adoption of ASC 326 | (6,756) | (6,756) | |||||
Exercise of stock options | 0 | 0 | |||||
Stock Issued During Period, Value, Restricted Stock Award, Gross | 0 | 0 | |||||
Stock compensation expense | 527 | 527 | |||||
Stock Issued During Period, Value, Employee Stock Ownership Plan | 420 | 178 | 242 | ||||
Stock Repurchased and Retired During Period, Value | (1,444) | (1,444) | |||||
Stock Issued During Period, Value, Acquisitions | 15,354 | 15,354 | |||||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 265 | 265 | |||||
Dividends, Preferred Stock, Cash | 0 | ||||||
Dividends, Common Stock, Cash | (8,786) | (8,786) | |||||
Ending Balance at Dec. 31, 2020 | $ 281,580 | 0 | 94,964 | (472) | 181,643 | 5,445 | |
Comprehensive income: | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 499 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 964 | ||||||
Stock Issued During Period, Shares, Employee Stock Ownership Plan | 22,395 | ||||||
Stock Repurchased and Retired During Period, Shares | 75,333 | ||||||
Stock Issued During Period, Shares, Acquisitions | 570,000 | ||||||
Common stock issuances from reinvested dividends, number of shares | 14,937 | ||||||
Common Stock, Dividends, Per Share, Declared | $ 0.68 | ||||||
Net income | $ 45,738 | 45,738 | |||||
Other comprehensive income | 37 | 37 | |||||
Exercise of stock options | 16 | 16 | |||||
Stock Issued During Period, Value, Restricted Stock Award, Gross | 0 | 0 | |||||
Stock compensation expense | 646 | 646 | |||||
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants | 14,920 | 14,920 | |||||
Stock Issued During Period, Value, Employee Stock Ownership Plan | 563 | 315 | 248 | ||||
Stock Repurchased and Retired During Period, Value | (6,710) | (6,710) | |||||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 294 | 294 | |||||
Dividends, Preferred Stock, Cash | (589) | (589) | |||||
Dividends, Common Stock, Cash | (9,022) | (9,022) | |||||
Ending Balance at Dec. 31, 2021 | $ 327,473 | $ 14,920 | $ 89,525 | $ (224) | $ 217,770 | $ 5,482 | |
Comprehensive income: | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 10,604 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 4,171 | ||||||
Stock Issued During Period, Shares, New Issues | 1,500 | ||||||
Stock Issued During Period, Shares, Employee Stock Ownership Plan | 23,002 | ||||||
Stock Repurchased and Retired During Period, Shares | 248,244 | ||||||
Common stock issuances from reinvested dividends, number of shares | 11,588 | ||||||
Common Stock, Dividends, Per Share, Declared | $ 0.70 |
Consolidated Statements of Sh_2
Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Stock Repurchased and Retired During Period, Shares | 248,244 | 75,333 | 417,577 |
Common Stock, Dividends, Per Share, Declared | $ 0.70 | $ 0.68 | $ 0.59 |
Common stock issuances from reinvested dividends, number of shares | 11,588 | 14,937 | 9,034 |
Stock Issued During Period, Shares, Acquisitions | 570,000 | 465,931 | |
Stock Issued During Period, Shares, Employee Stock Ownership Plan | 23,002 | 22,395 | 20,855 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 10,604 | 499 | 17,366 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Cash Flows from Operating Activities | |||
Net income | $ 45,738 | $ 31,326 | $ 31,866 |
Adjustments to reconcile net earnings to net cash | |||
Depreciation | 3,587 | 3,223 | 2,614 |
Provision for loan losses | 4,000 | 14,500 | 1,550 |
Stock compensation expense | 646 | 527 | 590 |
Deferred income tax expense | 264 | (4,201) | 103 |
Loans originated for sale | (107,097) | (97,805) | (22,518) |
Proceeds from loans sold | 111,020 | 98,933 | 22,004 |
Gain (Loss) on Sales of Loans, Net | (2,153) | (1,806) | (405) |
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments | 425 | 3,472 | 1,938 |
Equity Securities, FV-NI, Gain (Loss) | (202) | 0 | 0 |
Gain (Loss) on Disposition of Property Plant Equipment | 108 | (221) | 236 |
Gain (Loss) on Disposition of Business | 0 | 0 | (1,906) |
Write down of foreclosed properties | 1,417 | 1,783 | 2,075 |
Amortization of securities premiums (accretion of discounts), net | 4,348 | 3,024 | 2,263 |
Amortization (accretion) related to acquisitions, net | (1,583) | (1,571) | (998) |
Amortization of intangibles | 1,563 | 1,659 | 1,701 |
Increase in cash surrender value of bank owned life insurance | (1,140) | (1,716) | (1,148) |
Decrease in accrued interest receivable | 1,563 | (1,996) | 699 |
(Increase) decrease in other assets | 139 | 314 | 133 |
Increase (decrease) in other liabilities | 269 | 1,738 | 4,478 |
Net cash provided by operating activities | 61,846 | 44,681 | 40,927 |
Cash Flows from Investing Activities | |||
Proceeds from maturities and calls of securities available for sale | 8,070 | 3,525 | 1,871 |
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities | 0 | 1,000 | 0 |
Proceeds from Sale of Debt Securities, Available-for-sale | 64,932 | 124,809 | 142,423 |
Principal payments received on securities available for sale | 29,869 | 24,654 | 22,870 |
Payments to Acquire Debt Securities, Available-for-sale | 226,427 | 64,740 | 90,341 |
Payments to Acquire Held-to-maturity Securities | 0 | (101,994) | 0 |
Payments to Acquire Equity Securities, FV-NI | (20,000) | 0 | 0 |
Payments to Acquire Other Investments | 1,152 | 14,700 | 18,228 |
Redemption of Federal Home Loan Bank Stock | 3,139 | 16,461 | 21,412 |
Net principal payments received on loans | (296,679) | (301,654) | (181,615) |
Purchases of premises and equipment | (4,537) | (8,637) | (9,218) |
Proceeds from disposal of premises and equipment | 558 | 293 | 860 |
Improvements to property held for sale | 100 | (1,352) | (512) |
Proceeds from sales of other repossessed assets & property held for sale | 4,715 | 4,191 | 5,271 |
Proceeds from Divestiture of Businesses | 0 | 0 | 7,117 |
Cash Acquired from Acquisition | 95,699 | 175,013 | 20,589 |
Payment to Acquire Life Insurance Policy, Investing Activities | 34 | 9,332 | 69 |
Net cash provided by (used in) investing activities | (341,747) | (152,463) | (77,570) |
Cash Flows from Financing Activities | |||
Net increase in demand deposit, NOW and savings accounts | 279,913 | 376,704 | 204,757 |
Net decrease in time deposits | (95,230) | (160,373) | (38,409) |
Net increase in short-term borrowings | 0 | (62,199) | (109,739) |
Repayment of long-term borrowings | (20) | (21,301) | (18) |
Proceeds from Issuance of Subordinated Long-term Debt | 75,000 | 30,000 | 0 |
Payments for Derivative Instrument, Financing Activities | 0 | (7,098) | 0 |
Proceeds from issuance of common stock, net of issuance costs | 294 | 178 | 159 |
Proceeds from Issuance of Preferred Stock and Preference Stock | 14,920 | 0 | 0 |
Payments for Repurchase of Common Stock | (6,710) | (1,444) | (10,405) |
Exercise of stock options | 16 | 0 | 7 |
Payments of Ordinary Dividends, Common Stock | (9,022) | (8,786) | (7,361) |
Payments of Ordinary Dividends, Preferred Stock and Preference Stock | (589) | 0 | 0 |
Net cash provided by (used in) financing activities | 258,572 | 145,681 | 38,991 |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | (21,329) | 37,899 | 2,348 |
Cash and cash equivalents: | |||
Beginning | 99,787 | 61,888 | 59,540 |
Ending | 78,458 | 99,787 | 61,888 |
Cash payments for: | |||
Interest | 12,425 | 19,975 | 29,855 |
Income taxes | 10,257 | 11,440 | 7,850 |
Supplemental Schedule of Noncash Investing and Financing Activities | |||
Other assets acquired in settlement of loans | 532 | 1,146 | 4,600 |
Lease Obligation Incurred | 2,023 | 5,147 | 902 |
Noncash or Part Noncash Acquisition, Value of Assets Acquired | 58,054 | 302,333 | 100,377 |
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed | $ 164,085 | $ 494,596 | $ 114,151 |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Statement of Cash Flows [Abstract] | |||
Payments to Acquire Businesses, Gross | $ 9,807 | $ 48,920 | $ 12,740 |
Consolidated Statements of Ca_3
Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Statement of Cash Flows [Abstract] | |||
Payments to Acquire Businesses, Gross | $ 9,807 | $ 48,920 | $ 12,740 |
Basis of Presentation
Basis of Presentation | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | BASIS OF PRESENTATION We are a financial holding company headquartered in Moorefield, West Virginia. We offer community banking and trust and wealth management services through our community bank subsidiary, Summit Community Bank (“Summit Community”). We provide commercial and retail banking services primarily in the Eastern Panhandle, Southern and North Central regions of West Virginia, the Northern, Shenandoah Valley and Southwestern regions of Virginia and the Central region of Kentucky. Our accounting and reporting policies conform to accounting principles generally accepted in the United States of America and to general practices within the banking industry. Use of estimates: We must make estimates and assumptions that affect the reported amounts and disclosures in preparing our financial statements in conformity with accounting principles generally accepted in the United States of America. Actual results could differ significantly from those estimates. Principles of consolidation : The accompanying consolidated financial statements include the accounts of Summit and its wholly-owned subsidiary. All significant accounts and transactions among these entities have been eliminated. Comprehensive income : Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on securities available for sale, cash flow hedges, other post-retirement benefits and pension plans, which are recognized as separate components of equity. Cash and cash equivalents : Cash and cash equivalents includes cash on hand, amounts due from banks (including cash items in process of clearing), interest bearing deposits with other banks and federal funds sold. Loans held for sale : Loans held for sale are valued at the lower of aggregate carrying cost or fair value. Gains or losses realized on the sales of loans are recognized in other income at the time of sale. Cash surrender value of life insurance policie s: We have purchased life insurance policies on certain employees. Company owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Presentation of cash flows : For purposes of reporting, cash flows from demand deposits, NOW accounts, savings accounts and short-term borrowings are reported on a net basis, since their original maturities are less than three months. Cash flows from loans and certificates of deposit and other time deposits are reported net. Advertising : Advertising costs are expensed as incurred. Trust services : Assets held in an agency or fiduciary capacity are not our assets and are not included in the accompanying consolidated balance sheets. Trust services income is recognized on the cash basis in accordance with customary banking practice. Reporting such income on a cash basis does not produce results that are materially different from those that would result from use of the accrual basis. Transfer of Financial Assets : Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from us, the transferee obtains the right (free of condition that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and we do not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity date. Unconsolidated subsidiary trusts : In accordance with accounting principles generally accepted in the United States, we do not consolidate subsidiary trusts which issue guaranteed preferred beneficial interests in subordinated debentures (Trust Preferred Securities). The Trust Preferred Securities qualify as Tier 1 capital for regulatory purposes. See Note 13 of our Notes to Consolidated Financial Statements for a discussion of our subordinated debentures owed to unconsolidated subsidiary trusts. Significant accounting policie s: The following table identifies our other significant accounting policies and the Note and page where a detailed description of each policy can be found. Acquisitions Note 3 Page 62 Fair Value Measurements Note 4 Page 68 Debt Securities Note 5 Page 73 Equity and Other Investments Note 6 Page 79 Loans and Allowance for Credit Losses on Loans Note 7 Page 80 Property Held for Sale Note 8 Page 98 Premises and Equipment Note 9 Page 98 Lease Commitments Note 10 Page 98 Goodwill and Other Intangible Assets Note 11 Page 99 Borrowed Funds Note 13 Page 101 Derivative Financial Instruments Note 14 Page 102 Income Taxes Note 15 Page 104 Employee Benefits Note 16 Page 106 Share-Based Compensation Note 16 Page 106 Earnings Per Share Note 20 Page 111 Accumulated Other Comprehensive Income Note 21 Page 112 Revenue Recognition Note 22 Page 113 |
Significant New Authoritative A
Significant New Authoritative Accounting Guidance | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Standards Update and Change in Accounting Principle [Abstract] | |
Significant New Authoritative Accounting Guidance | SIGNIFICANT NEW AUTHORITATIVE ACCOUNTING GUIDANCE Recently Adopted In December 2019, the Financial Accounting Standards Board ("FASB") issued ASU 2019-12, Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes . The ASU is expected to reduce cost and complexity related to the accounting for income taxes by removing specific exceptions to general principles in Topic 740 (eliminating the need for an organization to analyze whether certain exceptions apply in a given period) and improving financial statement preparers’ application of certain income tax-related guidance. This ASU is part of the FASB’s simplification initiative to make narrow-scope simplifications and improvements to accounting standards through a series of short-term projects. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. The adoption of ASU 2019-12 did not have a material impact on our consolidated financial statements. In January 2020, the FASB issued ASU 2020-01, Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) - Clarifying the Interactions between Topic 321, Topic 323, and Topic 815. For public business entities, the amendments in the ASU are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. The adoption of ASU 2020-01 did not have a material impact on our consolidated financial statements. In October 2020, the FASB issued ASU 2020-08 Codification Improvements to Subtopic 310-20, Receivables – Nonrefundable fees and Other Costs which clarifies that an entity should reevaluate whether a callable debt security is within the scope of ASC paragraph 310-20-35-33 for each reporting period. For public business entities, the ASU is effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. Early adoption is not permitted. All entities should apply ASU No. 2020-08 on a prospective basis as of the beginning of the period of adoption for existing or newly purchased callable debt securities. The adoption of ASU 2020-08 did not have a material impact on our consolidated financial statements. In August 2021, the FASB issued ASU 2021-06, Presentation of Financial Statements (Topic 205), Financial Services—Depository and Lending (Topic 942), and Financial Services—Investment Companies (Topic 946): Amendments to SEC Paragraphs Pursuant to SEC Final Rule Releases No. 33-10786, Amendments to Financial Disclosures about Acquired and Disposed Businesses, and No. 33-10835, Update of Statistical Disclosures for Bank and Savings and Loan Registrants . This ASU incorporates recent SEC rule changes into the FASB Codification, including SEC Final Rule Releases No. 33-10786, Amendments to Financial Disclosures about Acquired and Disposed Businesses, and No. 33-10835, Update of Statistical Disclosures for Bank and Savings and Loan Registrants. The ASU was effective December 15, 2021 and did not have a material impact on our consolidated financial statements. Pending Adoption In March 2020, the FASB issued ASU 2020-04 Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting which provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. At this time, we do not anticipate any material adverse impact to our business operation or financial results during the period of transition. In October 2021, the FASB issued ASU 2021-08 Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers . The ASU requires entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The amendments improve comparability after the business combination by providing consistent recognition and measurement guidance for revenue contracts with customers acquired in a business combination and revenue contracts with customers not acquired in a business combination. The ASU is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2022. Entities should apply the amendments prospectively and early adoption is permitted. We do not expect the adoption of ASU 2021-08 to have a material impact on our consolidated financial statements. |
Acquisitions
Acquisitions | 12 Months Ended |
Dec. 31, 2021 | |
Business Combinations [Abstract] | |
Acquisitions | ACQUISITIONS MVB Bank Branches Acquisition On July 10, 2021, Summit Community Bank, Inc. ("SCB"), a wholly-owned subsidiary of Summit, acquired four MVB Bank locations located in southern West Virginia: one in Kanawha County, one in Putnam County, and two in Cabell County. In addition, SCB acquired two MVB Bank drive-up banking locations in Cabell County. SCB assumed certain deposits and loans totaling approximately $164 million and $54 million, respectively. The purchase price was $9.8 million equaling the average daily closing balance of the deposits for the thirty (30) day period prior to the closing multiplied by 6.00%. This acquisition was determined to constitute a business combination in accordance with ASC 805, Business Combinations, and accordingly we accounted for the acquisition using the acquisition method of accounting, recording the assets and liabilities of MVB Bank at their acquisition date respective 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 preliminary goodwill of $10.33 million in connection with the acquisition (deductible for income tax purposes), 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 10 years using an accelerated method which approximates the estimated run-off of the acquired deposits. The following table details the total consideration paid on July 10, 2021 in connection with the acquisition of the MVB Bank branches, the fair values of the assets acquired and liabilities assumed and the resulting preliminary goodwill. (Dollars in thousands) As Recorded by MVB Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 9,807 Total consideration 9,807 Identifiable assets acquired: Cash and cash equivalents $ 946 $ — $ 946 Loans Purchased performing 53,440 478 53,918 Purchased credit deteriorated 488 (91) 397 Premises and equipment 3,431 (129) 3,302 Core deposit intangibles — 178 178 Other assets 260 — 260 Total identifiable assets acquired $ 58,565 $ 436 $ 59,001 Identifiable liabilities assumed: Deposits 163,081 959 164,040 Other liabilities 45 — 45 Total identifiable liabilities assumed $ 163,126 $ 959 $ 164,085 Net liabilities assumed $ (104,561) $ (523) $ (105,084) Net cash received from MVB 94,753 Preliminary goodwill resulting from acquisition $ 10,331 WinFirst Financial Corp. Acquisition On December 15, 2020, SCB acquired 100% of the ownership of WinFirst Financial Corp. ("WinFirst") and its subsidiary WinFirst Bank, headquartered in Winchester, Kentucky. Pursuant to the Agreement and Plan of Merger dated September 28, 2020, WinFirst's shareholders received $328.05 for each share of WinFirst common stock they owned, or approximately $21.7 million in the aggregate. With this transaction, Summit expanded its footprint into Kentucky. At acquisition, WinFirst's assets and liabilities approximated $143 million and $127 million, respectively. 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 WinFirst were recorded at their respective acquisition date fair values. The fair values of assets and liabilities 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 $6.73 million in connection with the acquisition (not deductible for income tax purposes), 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 10 years using an accelerated method which approximates the estimated run-off of the acquired deposits. The following table details the total consideration paid on December 15, 2020 in connection with the acquisition of WinFirst, the fair values of the assets acquired and liabilities assumed and the resulting preliminary goodwill. (Dollars in thousands) As Recorded by WinFirst Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 21,705 Total consideration 21,705 Identifiable assets acquired: Cash and cash equivalents $ 13,030 $ — $ 13,030 Securities available for sale, at fair value 1,613 19 1,632 Loans Purchased performing 123,754 (968) 122,786 Purchased credit deteriorated — — — Allowance for credit losses on loans (1,227) 1,227 — Premises and equipment 171 (27) 144 Property held for sale 196 (50) 146 Core deposit intangibles — 81 81 Other assets 5,898 477 6,375 Total identifiable assets acquired $ 143,435 $ 759 $ 144,194 Identifiable liabilities assumed: Deposits 103,599 1,065 104,664 Short-term borrowings 3,000 — 3,000 Long-term borrowings 20,585 697 21,282 Other liabilities 270 — 270 Total identifiable liabilities assumed $ 127,454 $ 1,762 $ 129,216 Net identifiable assets acquired $ 15,981 $ (1,003) $ 14,978 Goodwill resulting from acquisition $ 6,727 MVB Bank Branches Acquisition On April 24, 2020, SCB expanded its presence in the Eastern Panhandle of West Virginia by acquiring three MVB Bank locations in Berkeley County, West Virginia and one MVB Bank location in Jefferson County, West Virginia. Summit assumed certain deposit liabilities and other liabilities and acquired certain assets totaling approximately $188.2 million and $38.4 million, respectively. The purchase price, equaling the average daily closing balance of the deposits for the thirty (30) day period prior to the closing multiplied by 8.00%, totaled $13.0 million. This acquisition was determined to constitute a business combination in accordance with ASC 805, Business Combinations, and accordingly we accounted for the acquisition using the acquisition method of accounting, recording the assets and liabilities of MVB Bank at their acquisition date respective fair values. The fair values of assets and liabilities 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 $14.7 million in connection with the acquisition (deductible for income tax purposes), 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 10 years using an accelerated method which approximates the estimated run-off of the acquired deposits. The following table details the total consideration paid on April 24, 2020 in connection with the acquisition of the MVB Bank branches, the fair values of the assets acquired and liabilities assumed and the resulting preliminary goodwill. (Dollars in thousands) As Recorded by MVB Bank Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 12,965 Total consideration 12,965 Identifiable assets acquired: Cash and cash equivalents $ 800 $ — $ 800 Loans Purchased performing 35,127 (1,185) 33,942 Premises and equipment 2,376 (42) 2,334 Core deposit intangibles — 125 125 Other assets 114 — 114 Total identifiable assets acquired $ 38,417 $ (1,102) $ 37,315 Identifiable liabilities assumed: Deposits 188,134 598 188,732 Other liabilities 102 — 102 Total identifiable liabilities assumed $ 188,236 $ 598 $ 188,834 Net liabilities assumed $ (149,819) $ (1,700) $ (151,519) Net cash received from MVB Bank 136,854 Goodwill resulting from acquisition $ 14,665 Cornerstone Financial Services Inc. Acquisition On January 1, 2020, SCB acquired 100% of the ownership of Cornerstone Financial Services Inc. ("Cornerstone") and its subsidiary Cornerstone Bank, headquartered in West Union, West Virginia. With this transaction, Summit further expands its footprint into the central region of West Virginia. Pursuant to the Agreement and Plan of Merger dated September 17, 2019, Cornerstone's shareholders received cash in the amount of $5,700.00 per share or 228 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 $15.4 million or 570,000 shares of Summit common stock and cash consideration was $14.3 million. Cornerstone's assets and liabilities approximated $195 million and $176 million, respectively, at December 31, 2019. 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 Cornerstone were recorded at their acquisition date respective 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. We recognized goodwill of $10.82 million in connection with the acquisition (not deductible for income tax purposes), which is not amortized for financial reporting purposes, but is subject to annual impairment testing or upon a triggering event. 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 10 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, 2020 in connection with the acquisition of Cornerstone, the fair values of the assets acquired and liabilities assumed and the resulting preliminary goodwill. (Dollars in thousands) As Recorded by Cornerstone Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 14,250 Stock consideration 15,441 Total consideration 29,691 Identifiable assets acquired: Cash and cash equivalents $ 60,284 $ — $ 60,284 Securities available for sale, at fair value 90,075 (47) 90,028 Loans Purchased performing 37,965 188 38,153 Purchased credit deteriorated 1,877 (569) 1,308 Allowance for credit losses on loans (312) 312 — Premises and equipment 806 (142) 664 Property held for sale 10 — 10 Core deposit intangibles — 717 717 Other assets 4,324 (74) 4,250 Total identifiable assets acquired $ 195,029 $ 385 $ 195,414 Identifiable liabilities assumed: Deposits 173,027 239 173,266 Other liabilities 3,286 (7) 3,279 Total identifiable liabilities assumed $ 176,313 $ 232 $ 176,545 Net identifiable assets acquired $ 18,716 $ 153 $ 18,869 Goodwill resulting from acquisition $ 10,822 The following is a description of the methods used to determine the fair values of significant assets and liabilities presented for each transaction 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 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. 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. Long-term borrowings: The fair value of long-term fixed-rate borrowings was estimated using by discounting future cash flows using current interest rates for similar financial instruments. 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 credit losses on loans. Prior to adoption of ASC 326 on January 1, 2020, loans acquired in a business combination that had evidence of credit deterioration since origination and for which it was probable at the date of acquisition that we would not collect all contractually required principal and interest payments were considered purchased credit-impaired (PCI) loans. When determining fair value, PCI loans were 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 was accounted for as a"nonaccretable difference," and was available to absorb future credit losses on those loans. For purposes of determining the nonaccretable difference, no prepayments were 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 generally resulted in a provision for credit losses. Subsequent significant increases in cash flows could have resulted in a reversal of the provision for credit 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 was accounted for as accretable yield and was recognized as interest income over the remaining life of the loan when there was a reasonable expectation about the amount and timing of such cash flows. Subsequent to adoption of ASC 326 on January 1, 2020, loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased credit deteriorated (“PCD”) loans. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial allowance for credit losses is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial allowance for credit losses is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. All loans considered to be PCI prior to January 1, 2020 were converted to PCD on that date. Loans not designated PCD 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 credit losses established at the acquisition date for purchased performing loans. A provision for credit losses is recorded for any deterioration in these loans subsequent to the acquisition. The revenues and earnings of our acquired entities during 2021 and 2020, as if the business combinations occurred as of the beginning of the comparable prior annual reporting period, are impracticable to provide because each acquisition was integrated into our existing operations and financial information relative to the acquired entities is not maintained. During 2021 and 2020, we purchased loans, for which there was, at the time of acquisition, more than significant deterioration of credit quality since origination (PCD loans). The carrying amount of these loans at acquisition is as follows: For the Year Ended December 31, Dollars in thousands 2021 2020 Purchase price of PCD loans at acquisition $ 488 $ 12,649 Allowance for credit losses - loans at acquisition 91 796 Non-credit discount at acquisition (2) 568 Par value of PCD loans at acquisition 399 11,285 |
Fair Value Measurements
Fair Value Measurements | 12 Months Ended |
Dec. 31, 2021 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | FAIR VALUE MEASUREMENTS In accordance with ASC 820 Fair Value Measurements , fair value is based upon the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A fair value hierarchy is utilized to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs used to measure fair value are as follows: Level 1: Quoted prices (unadjusted) or identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active and other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. In general, fair value is based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon internally developed models that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality and our creditworthiness, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time. Our valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes our valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Furthermore, the reported fair value amounts have not been comprehensively revalued since the presentation dates, and therefore, estimates of fair value after the balance sheet date may differ significantly from the amounts presented herein. A more detailed description of the valuation methodologies used for assets and liabilities measured at fair value is set forth below. Transfers between levels of the fair value hierarchy are recognized on the actual date of the event or circumstances that caused the transfer, which generally coincides with our monthly and/or quarterly valuation process. Assets and Liabilities Recorded at Fair Value on a Recurring Basis Assets and liabilities measured at fair value on a recurring basis include the following: Debt Securities Available for Sale: Debt Securities available-for-sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage-backed securities issued by government sponsored entities, municipal bonds and corporate debt securities. Certain trust preferred securities classified as corporate debt securities are Level 3 due to limited market trades of these classes of securities. Equity Investments: Equity investments are recorded at fair value on a recurring basis, with changes in fair value reported in net income. In December 2021, we invested as a limited partner in a hedge fund that primarily trades S&P 500 index options. The average duration of the option positions employed by the fund ranges 14 to 17 business days. Investors may withdraw funds at the end of any month with 30 calendar days prior written notice. As permitted by ASC 820, as a practical expedient, we estimate the fair value of this investment using the net asset value ("NAV") per share of the investment as of the reporting entity's measurement date. This investment is reflected on the accompanying consolidated balance sheet as Equity Investments at a fair value of $20.2 million. Derivative Financial Instruments: Derivative financial instruments are recorded at fair value on a recurring basis. Fair value measurement is based on pricing models run by a third-party, utilizing observable market-based inputs. All future floating cash flows are projected and both floating and fixed cash flows are discounted to the valuation date. As a result, we classify interest rate swaps as Level 2. Assets and Liabilities Recorded at Fair Value on a Recurring Basis The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis. Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2021 Level 1 Level 2 Level 3 Debt securities available for sale U.S. Government sponsored agencies $ 36,629 $ — $ 36,629 $ — Mortgage backed securities: Government sponsored agencies 62,211 — 62,211 — Nongovernment sponsored entities 26,586 — 26,586 — State and political subdivisions 137,786 — 137,786 — Corporate debt securities 30,278 — 30,278 — Asset-backed securities 24,883 — 24,883 — Tax-exempt state and political subdivisions 82,730 — 82,730 — Total debt securities available for sale $ 401,103 $ — $ 401,103 $ — Derivative financial assets Interest rate caps $ 11,187 $ — $ 11,187 $ — Derivative financial liabilities Interest rate swaps $ 1,124 $ — $ 1,124 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2020 Level 1 Level 2 Level 3 Debt securities available for sale U.S. Government sponsored agencies $ 35,157 $ — $ 35,157 $ — Mortgage backed securities: Government sponsored agencies 59,046 — 59,046 — Nongovernment sponsored entities 16,687 — 16,687 — State and political subdivisions 50,905 — 50,905 — Corporate debt securities 26,427 — 26,427 — Asset-backed securities 46,126 — 46,126 — Tax-exempt state and political subdivisions 51,779 — 51,779 — Total debt securities available for sale $ 286,127 $ — $ 286,127 $ — Derivative financial assets Interest rate caps $ 6,653 $ — $ 6,653 $ — Derivative financial liabilities Interest rate swaps $ 2,747 $ — $ 2,747 $ — Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis We may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with U.S. generally accepted accounting principles. These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. Loans Held for Sale: Loans held for sale are carried at the lower of cost or fair value. The fair value of loans held for sale is based on what secondary markets are currently offering for portfolios with similar characteristics. As such, we classify loans subject to nonrecurring fair value adjustments as Level 2. Collateral Dependent Loans with an ACLL: In accordance with ASC 326 effective January 1, 2020, we may determine that an individual loan exhibits unique risk characteristics which differentiate it from other loans within our loan pools. In such cases, the loans are evaluated for expected credit losses on an individual basis and excluded from the collective evaluation. Specific allocations of the allowance for credit losses are determined by analyzing the borrower’s ability to repay amounts owed, collateral deficiencies, the relative risk grade of the loan and economic conditions affecting the borrower’s industry, among other things. A loan is considered to be collateral dependent when, based upon management's assessment, the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. In such cases, expected credit losses are based on the fair value of the collateral at the measurement date, adjusted for estimated selling costs if satisfaction of the loan depends on the sale of the collateral. We reevaluate the fair value of collateral supporting collateral dependent loans on a quarterly basis. The fair value of real estate collateral supporting collateral dependent loans is evaluated by appraisal services using a methodology that is consistent with the Uniform Standards of Professional Appraisal Practice. Prior to adoption of ASC 326, we did not record loans at fair value on a recurring basis. However, from time to time, a loan was considered impaired and an allowance for credit loss was established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the original contractual terms of the loan agreement were considered impaired. Once a loan was identified as individually impaired, management measured impairment using one of several methods, including collateral value, liquidation value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the discounted cash flows or collateral value exceeded the recorded investments in such loans. These loans were carried at recorded loan investment and therefore are not included in the following tables of loans measured at fair value. Impaired loans internally graded as substandard or doubtful were evaluated using the fair value of collateral method. All other impaired loans were measured for impairment using the discounted cash flows method. Impaired loans where an allowance is established based on the fair value of collateral were included in the fair value hierarchy. When the fair value of the collateral was based on an observable market price or a current appraised value, we recorded the impaired loan as nonrecurring Level 2. When a current appraised value was not available and there was no observable market price, we recorded the impaired loan as nonrecurring Level 3. When impaired loans were deemed required to be included in the fair value hierarchy, management immediately began the process of evaluating the estimated fair value of the underlying collateral to determine if a related specific allowance for credit losses or charge-off is necessary. Current appraisals were ordered once a loan was deemed impaired if the existing appraisal was more than twelve months old, or more frequently if there was known deterioration in value. For recently identified impaired loans, a current appraisal may not have been available at the financial statement date. Until the current appraisal was obtained, the original appraised value was discounted, as appropriate, to compensate for the estimated depreciation in the value of the loan’s underlying collateral since the date of the original appraisal. Such discounts were generally estimated based upon management’s knowledge of sales of similar collateral within the applicable market area and its knowledge of other real estate market-related data as well as general economic trends. When a new appraisal was received (which was generally within 3 months of a loan being identified as impaired), management then re-evaluated the fair value of the collateral and adjusted any specific allocated allowance for credit losses on loans, as appropriate. In addition, management also assigned a discount of 7–10% for the estimated costs to sell the collateral. Property Held for Sale: Property held for sale consists of real estate acquired in foreclosure or other settlement of loans. Foreclosed assets are initially recorded at fair value, less estimated selling costs, when acquired establishing a new cost basis. Such assets are carried on the balance sheet at the lower of the investment in the real estate or its fair value less estimated selling costs. The fair value of foreclosed properties is determined on a nonrecurring basis generally utilizing current appraisals performed by an independent, licensed appraiser applying an income or market value approach using observable market data (Level 2). Updated appraisals of foreclosed properties are generally obtained if the existing appraisal is more than 18 months old or more frequently if there is a known deterioration in value. However, if a current appraisal is not available, the original appraised value is discounted, as appropriate, to compensate for the estimated depreciation in the value of the real estate since the date of its original appraisal. Such discounts are generally estimated based upon management’s knowledge of sales of similar property within the applicable market area and its knowledge of other real estate market-related data as well as general economic trends (Level 3). Upon foreclosure, any fair value adjustment is charged against the allowance for credit losses on loans. Subsequent fair value adjustments are recorded in the period incurred and included in other noninterest expense in the consolidated statements of income. Assets measured at fair value on a nonrecurring basis are included in the tables below. Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2021 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 227 $ — $ 227 $ — Collateral-dependent loans with an ACLL Commercial real estate $ 2,417 $ — $ 2,417 $ — Construction and development 693 — 693 — Residential real estate 528 — 528 — Total collateral-dependent loans with an ACLL $ 3,638 $ — $ 3,638 $ — Property held for sale Commercial real estate $ 1,170 $ — $ 1,170 $ — Construction and development 7,893 — 7,893 — Residential real estate 27 — 27 — Total property held for sale $ 9,090 $ — $ 9,090 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2020 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 1,998 $ — $ 1,998 $ — Collateral-dependent impaired loans Commercial $ 8 — $ 8 $ — Commercial real estate 9,914 — 9,914 — Construction and development 1,576 — 1,576 — Residential real estate 597 — 597 — Total collateral-dependent impaired loans $ 12,095 $ — $ 12,095 $ — Property held for sale Commercial real estate $ 1,557 $ — $ 1,557 $ — Construction and development 11,595 — 10,974 621 Residential real estate 476 — 476 — Total property held for sale $ 13,628 $ — $ 13,007 $ 621 ASC Topic 825, Financial Instrument s , requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis. The estimated fair value approximates carrying value for cash and cash equivalents, accrued interest and the cash surrender value of life insurance policies and annuities. The methodologies for other financial assets and financial liabilities that are not measured and reported at fair value on a recurring basis or non-recurring basis are discussed below: Loans: The estimated fair value approximates carrying value for variable-rate loans that reprice frequently and with no significant change in credit risk. The fair value of fixed-rate loans and variable-rate loans which reprice on an infrequent basis is estimated by discounting future cash flows using the current interest rates at which similar loans with similar terms would be made to borrowers of similar credit quality. An overall valuation adjustment is made for specific credit risks as well as general portfolio credit risk. Other Investments: The carrying value of other investments, consisting principally of Federal Home Loan Bank stock, is a reasonable estimate of fair value of this stock. This stock is non-transferable and can only be redeemed at its par value by FHLB. Deposits: The estimated fair value approximates carrying value for demand deposits. The fair value of fixed-rate deposit liabilities with defined maturities is estimated by discounting future cash flows using the interest rates currently offered for deposits of similar remaining maturities. The estimated fair value of deposits does not take into account the value of our long-term relationships with depositors, commonly known as core deposit intangibles, which are separate intangible assets, and not considered financial instruments. Nonetheless, we would likely realize a core deposit premium if our deposit portfolio were sold in the principal market for such deposits. Borrowed Funds: The estimated fair value approximates carrying value for short-term borrowings. The fair value of long-term fixed-rate borrowings is estimated using quoted market prices, if available, or by discounting future cash flows using current interest rates for similar financial instruments. The following tables present the carrying amount, fair value, and placement in the fair value hierarchy of our financial instruments as of December 31, 2021 and December 31, 2020. At December 31, 2021 Fair Value Measurements Using: Dollars in thousands Carrying Estimated Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 78,458 $ 78,458 $ 21,006 $ 57,452 $ — Debt securities available for sale 401,103 401,103 — 401,103 — Debt securities held to maturity 98,060 101,242 — 101,242 — Equity investments 20,202 20,202 — 20,202 — Other investments 11,304 11,304 — 11,304 — Loans held for sale, net 227 227 — 227 — Loans, net 2,729,093 2,726,959 — 3,638 2,723,321 Accrued interest receivable 10,578 10,578 — 10,578 — Cash surrender value of life insurance policies and 60,613 60,613 — 60,613 — Derivative financial assets 11,187 11,187 — 11,187 — $ 3,420,825 $ 3,421,873 $ 21,006 $ 677,546 $ 2,723,321 Financial liabilities Deposits $ 2,943,089 $ 2,944,722 $ — $ 2,944,722 $ — Short-term borrowings 140,146 140,146 — 140,146 — Long-term borrowings 679 795 — 795 — Subordinated debentures 102,891 103,623 — — 103,623 Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 788 788 — 788 — Derivative financial liabilities 1,124 1,124 — 1,124 — $ 3,208,306 $ 3,210,787 $ — $ 3,107,164 $ 103,623 At December 31 2020 Fair Value Measurements Using: Dollars in thousands Carrying Estimated Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 99,787 $ 99,787 $ 19,522 $ 80,265 $ — Debt securities available for sale 286,127 286,127 — 286,127 — Debt securities held to maturity 99,914 103,157 — 103,157 — Other investments 14,185 14,185 — 14,185 — Loans held for sale, net 1,998 1,998 — 1,998 — Loans, net 2,379,907 2,384,275 — 12,095 2,372,180 Accrued interest receivable 11,989 11,989 — 11,989 — Cash surrender value of life insurance policies and 59,438 59,438 — 59,438 — Derivative financial assets 6,653 6,653 — 6,653 — $ 2,959,998 $ 2,967,609 $ 19,522 $ 575,907 $ 2,372,180 Financial liabilities Deposits $ 2,595,651 $ 2,597,326 $ — $ 2,597,326 $ — Short-term borrowings 140,146 140,146 — 140,146 — Long-term borrowings 699 866 — 866 — Subordinated debentures 29,364 29,364 — 29,364 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 745 745 — 745 — Derivative financial liabilities 2,747 2,747 — 2,747 — $ 2,788,941 $ 2,790,783 $ — $ 2,790,783 $ — |
Securities
Securities | 12 Months Ended |
Dec. 31, 2021 | |
Debt Securities, Available-for-Sale and Held-to-Maturity, after Allowance for Credit Loss [Abstract] | |
Securities | DEBT SECURITIES We classify debt securities as held to maturity , available for sale or trading according to management’s intent. The appropriate classification is determined at the time of purchase of each security and re-evaluated at each reporting date. Debt securities held to maturity: Certain debt securities for which we have the positive intent and ability to hold to maturity are reported at cost, adjusted for amortization of premiums and accretion of discounts. Debt securities available for sale: Debt securities not classified as "held to maturity" or as "trading" are classified as "available for sale." Securities classified as "available for sale" are those securities that we intend to hold for an indefinite period of time, but not necessarily to maturity. "Available for sale" securities are reported at estimated fair value net of unrealized gains or losses, which are adjusted for applicable income taxes and reported as a separate component of shareholders' equity. Debt trading securities: There are no securities classified as "trading" in the accompanying financial statements. Allowance for Credit Losses – Debt Securities Available for Sale: For debt securities available for sale in an unrealized loss position, we first assess whether (i) we intend to sell or (ii) it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis. If either case is affirmative, any previously recognized allowances are charged-off and the security's amortized cost is written down to fair value through income. If neither case is affirmative, the security is evaluated to determine whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency and any adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. Adjustments to the allowance are reported in our income statement as a component of the provision for credit losses. We have elected to exclude accrued interest receivable on available-for-sale securities from the estimate of credit losses. Debt securities available for sale are charged-off against the allowance or, in the absence of any allowance, written down through income when deemed uncollectible or when either of the aforementioned criteria regarding intent or requirement to sell is met. Allowance for Credit Losses – Debt Securities Held to Maturity: The allowance for credit losses on debt securities held to maturity is a contra-asset valuation account, calculated in accordance with ASC 326, that is deducted from the amortized cost basis of debt securities held to maturities to present our best estimate of the net amount expected to be collected. Debt securities held to maturity are charged-off against the allowance when deemed uncollectible. Adjustments to the allowance are reported in our income statement as a component of the provision for credit losses. We measure expected credit losses on debt securities held to maturity on a collective basis by major security type with each type sharing similar risk characteristics and considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. We made the accounting policy election to exclude accrued interest receivable on debt securities held to maturity from the estimate of credit losses. Prior to the adoption of ASC 326, declines in the fair value of debt securities held to maturity and available for sale below their cost that were deemed to be other than temporary were reflected in earnings as realized losses. In estimating other-than-temporary impairment losses prior to January 1, 2020, management considered, among other things, (i) the length of time and the extent to which the fair value had been less than cost, (ii) the financial condition and near-term prospects of the issuer and (iii) the intent and our ability to retain our investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Realized gains and losses on sales of securities are recognized on the specific identification method. Amortization of premiums and accretion of discounts are computed using the interest method. Debt Securities Available for Sale The amortized cost, unrealized gains, unrealized losses and estimated fair values of debt securities available for sale at December 31, 2021 and 2020, are summarized as follows: December 31, 2021 Amortized Unrealized Dollars in thousands Cost Gains Losses Fair Value Debt Securities Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 36,820 $ 169 $ 360 $ 36,629 Residential mortgage-backed securities: Government-sponsored agencies 61,646 1,153 588 62,211 Nongovernment-sponsored entities 26,839 26 279 26,586 State and political subdivisions General obligations 78,627 377 1,323 77,681 Water and sewer revenues 9,839 294 — 10,133 Lease revenues 6,401 215 26 6,590 Income tax revenues 6,487 250 3 6,734 Sales tax revenues 6,909 19 99 6,829 Various tax revenues 13,031 218 203 13,046 Utility revenues 7,153 137 130 7,160 Other revenues 9,291 331 9 9,613 Corporate debt securities 30,524 78 324 30,278 Asset-backed securities 24,873 97 87 24,883 Total taxable debt securities 318,440 3,364 3,431 318,373 Tax-exempt debt securities State and political subdivisions General obligations 47,583 1,526 270 48,839 Water and sewer revenues 10,618 375 15 10,978 Lease revenues 7,974 553 31 8,496 Other revenues 14,028 405 16 14,417 Total tax-exempt debt securities 80,203 2,859 332 82,730 Total debt securities available for sale $ 398,643 $ 6,223 $ 3,763 $ 401,103 December 31, 2020 Amortized Unrealized Dollars in thousands Cost Gains Losses Fair Value Debt Securities Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 35,190 $ 361 $ 394 $ 35,157 Residential mortgage-backed securities: Government-sponsored agencies 57,399 1,996 349 59,046 Nongovernment-sponsored entities 16,799 132 244 16,687 State and political subdivisions General obligations 15,065 804 4 15,865 Water and sewer revenues 10,176 620 — 10,796 Lease revenues 4,825 341 — 5,166 College and university revenues 3,022 315 — 3,337 Income tax revenues 5,052 376 — 5,428 Other revenues 9,406 907 — 10,313 Corporate debt securities 26,483 56 112 26,427 Asset-backed securities 46,579 172 625 46,126 Total taxable debt securities 229,996 6,080 1,728 234,348 Tax-exempt debt securities State and political subdivisions General obligations 22,213 2,416 9 24,620 Water and sewer revenues 8,266 709 — 8,975 Lease revenues 7,195 799 — 7,994 Other revenues 9,487 711 8 10,190 Total tax-exempt debt securities 47,161 4,635 17 51,779 Total debt securities available for sale $ 277,157 $ 10,715 $ 1,745 $ 286,127 Accrued interest receivable on debt securities available for sale totaled $2.3 million and $1.7 million at December 31, 2021 and 2020, respectively and is included in accrued interest and fees receivable in the accompanying consolidated balance sheets. The below information is relative to the five states where issuers with the highest volume of state and political subdivision securities held in our portfolio are located. We own no such securities of any single issuer which we deem to be a concentration. December 31, 2021 Amortized Unrealized Dollars in thousands Cost Gains Losses Fair Value California $ 48,491 $ 772 $ 752 $ 48,511 Texas 23,343 437 379 23,401 Pennsylvania 14,144 553 51 14,646 Oregon 14,756 — 242 14,514 Washington 12,801 286 87 13,000 Management performs pre-purchase and ongoing analysis to confirm that all investment securities meet applicable credit quality standards. We principally use credit ratings from Nationally Recognized Statistical Rating Organizations (“NRSROs”) to support analyses of our portfolio of securities issued by state and political subdivisions, as we generally do not purchase securities that are rated below the six highest NRSRO rating categories. In addition to considering a security’s NRSRO rating, we also assess or confirm through an internal review of an issuer’s financial information and other applicable information that: 1) the issuer’s risk of default is low; 2) the characteristics of the issuer’s demographics and economic environment are satisfactory; and 3) the issuer’s budgetary position and stability of tax or other revenue sources are sound. The proceeds from sales, calls and maturities of available for sale securities, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized are as follows: Dollars in thousands Proceeds from Gross realized Calls and Principal Years ended December 31, Sales Maturities Payments Gains Losses 2021 $ 64,932 $ 8,070 $ 29,869 $ 1,210 $ 785 2020 124,809 3,525 24,654 3,489 17 2019 142,423 1,871 22,870 2,270 332 Residential mortgage-backed obligations having contractual maturities ranging from 3 to 49 years are included in the following maturity distribution schedules based on their anticipated average life to maturity, which ranges from 1 month to 17 years. Accordingly, discounts are accreted and premiums are amortized over the anticipated average life to maturity of the specific obligation. The maturities, amortized cost and estimated fair values of securities available for sale at December 31, 2021, are summarized as follows: Dollars in thousands Amortized Fair Value Due in one year or less $ 35,994 $ 36,145 Due from one to five years 82,985 84,082 Due from five to ten years 61,419 61,702 Due after ten years 218,245 219,174 Total $ 398,643 $ 401,103 At December 31, 2021 and 2020, securities with estimated carrying values of $234.3 million and $162.8 million respectively, were pledged to secure public deposits and for other purposes required or permitted by law. Provided below is a summary of debt securities available for sale which were in an unrealized loss position and for which an allowance for credit losses has not been recorded at December 31, 2021 and 2020. 2021 Less than 12 months 12 months or more Total Dollars in thousands # of securities in loss position Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Taxable debt securities U.S. Government agencies and corporations 41 $ 6,630 $ 23 $ 21,061 $ 337 $ 27,691 $ 360 Residential mortgage-backed Government-sponsored agencies 19 19,828 376 6,886 212 26,714 588 Nongovernment-sponsored entities 6 4,345 61 7,591 218 11,936 279 State and political subdivisions: General obligations 41 62,543 1,286 1,055 37 63,598 1,323 Lease revenues 2 1,564 14 494 12 2,058 26 Income tax revenues 1 721 3 — — 721 3 Sales tax revenues 2 6,052 99 — — 6,052 99 Various tax revenues 5 8,389 203 — — 8,389 203 Utility revenues 3 5,175 130 — — 5,175 130 Other revenues 1 744 9 — — 744 9 Corporate debt securities 10 10,534 314 990 10 11,524 324 Asset-backed securities 8 10,522 86 751 1 11,273 87 Tax-exempt debt securities State and political subdivisions: General obligations 13 25,555 261 853 9 26,408 270 Water and sewer revenues 1 904 15 — — 904 15 Lease revenues 1 2,396 31 — — 2,396 31 Other revenues 3 3,558 15 156 1 3,714 16 Total 157 $ 169,460 $ 2,926 $ 39,837 $ 837 $ 209,297 $ 3,763 2020 Less than 12 months 12 months or more Total Dollars in thousands # of securities in loss position Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Taxable debt securities U.S. Government agencies and corporations 36 $ 12,611 $ 54 $ 14,384 $ 340 $ 26,995 $ 394 Residential mortgage-backed Government-sponsored agencies 10 3,127 34 8,593 315 11,720 349 Nongovernment-sponsored entities 6 6,770 35 2,751 209 9,521 244 State and political subdivisions: General obligations 1 362 4 — — 362 4 Corporate debt securities 6 3,952 16 1,904 96 5,856 112 Asset-backed securities 16 2,010 2 31,862 623 33,872 625 Tax-exempt debt securities State and political subdivisions: General obligations 1 924 9 — — 924 9 Other revenues 2 415 1 151 7 566 8 Total 78 $ 30,171 $ 155 $ 59,645 $ 1,590 $ 89,816 $ 1,745 We do not intend to sell the above 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 changes in market interest rates, and in some cases limited market liquidity and is not due to credit quality, as none of these securities are in default and all carry above investment grade ratings. Accordingly, no allowance for credit losses has been recognized relative to these securities. Debt Securities Held to Maturity The amortized cost, unrealized gains, unrealized losses and estimated fair values of debt securities held to maturity at December 31, 2021 and 2020 are summarized as follows: December 31, 2021 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Debt Securities Held to Maturity Tax-exempt debt securities State and political subdivisions General obligations $ 71,807 $ 2,583 $ — $ 74,390 Water and sewer revenues 8,192 210 — 8,402 Lease revenues 4,316 74 — 4,390 Sales tax revenues 4,582 106 — 4,688 Other revenues 9,163 214 5 9,372 Total Debt Securities Held to Maturity $ 98,060 $ 3,187 $ 5 $ 101,242 December 31, 2020 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Debt Securities Held to Maturity Tax-exempt debt securities State and political subdivisions General obligations $ 73,179 $ 2,524 $ — $ 75,703 Water and sewer revenues 8,375 256 — 8,631 Lease revenues 4,395 88 — 4,483 Sales tax revenues 4,649 94 3 4,740 Other revenues 9,316 309 25 9,600 Total Debt Securities Held to Maturity $ 99,914 $ 3,271 $ 28 $ 103,157 Accrued interest receivable on debt securities held to maturity totaled $1.1 million and $1.2 million at December 31, 2021 and 2020 respectively, and is included in accrued interest and fees receivable in the accompanying consolidated balance sheets. The below information is relative to the five states where issuers with the highest volume of state and political subdivision securities held in our held to maturity portfolio are located. We own no such securities of any single issuer which we deem to be a concentration. December 31, 2021 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Texas $ 15,400 $ 551 $ — $ 15,951 California 9,875 344 — 10,219 Pennsylvania 8,634 332 — 8,966 Florida 7,596 212 — 7,808 Michigan 7,034 181 4 7,211 The following table displays the amortized cost of held to maturity securities by credit rating at December 31, 2021 and 2020. December 31, 2021 Dollars in thousands AAA AA A BBB Below Investment Grade Tax-exempt state and political subdivisions $ 15,450 $ 75,119 $ 7,491 $ — $ — December 31, 2020 Dollars in thousands AAA AA A BBB Below Investment Grade Tax-exempt state and political subdivisions $ 15,735 $ 76,585 $ 7,594 $ — $ — We owned no past due or nonaccrual held to maturity debt securities at December 31, 2021 or 2020. The maturities, amortized cost and estimated fair values of debt securities held to maturity at December 31, 2021, are summarized as follows: Dollars in thousands Amortized Estimated Due in one year or less $ — $ — Due from one to five years — — Due from five to ten years 1,996 2,024 Due after ten years 96,064 99,218 Total $ 98,060 $ 101,242 There were no proceeds from the calls and maturities of debt securities held to maturity for the year ended Dececmber 31, 2021. The proceeds from calls and maturities of debt securities held to maturity totaled $1.0 million for the year ended December 31, 2020. |
Other Investments Other Investm
Other Investments Other Investments | 12 Months Ended |
Dec. 31, 2021 | |
Investments, All Other Investments [Abstract] | |
Investments and Other Noncurrent Assets [Text Block] | EQUITY AND OTHER INVESTMENTS Equity investments are carried at fair value, with changes in fair value reported in net income. In December 2021, we invested as a limited partner in a hedge fund that primarily trades S&P 500 index options. The average duration of the option positions employed by the fund ranges 14 to 17 business days. Investors may withdraw funds at the end of any month with 30 calendar days prior written notice. This investment is reflected on the accompanying consolidated balance sheet as Equity Investments. Equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment. Our equity securities totaled $407,000 at December 31, 2021 and 2020 respectively and are included in Other Investments on the accompanying consolidated balance sheets. We are a member bank of the Federal Home Loan Bank ("FHLB") system. Members are required to own a certain amount of stock based on the level of borrowings from FHLB and other factors. FHLB stock is carried at cost and periodically evaluated for impairment based on ultimate recovery of par value. Dividends are reported as income as earned. This stock totaled $6.8 million and $9.8 million at December 31, 2021 and 2020. We have invested in four limited partnerships which own interests in diversified portfolios of qualified affordable housing projects. Also, we have purchased substantially all the interest in a limited liability company owning a qualified rehabilitated multi-family housing project. As result of these investments, Summit is allocated its proportional share of each investees’ operating losses and Federal Low-Income Housing and Rehabilitation Tax Credits. We use the proportional amortization method to account for each of these investments, whereby the cost of the investment is amortized in proportion to the amount of tax credits and other tax benefits received, and the net investment performance is recognized in the consolidated statements of income as a component of the provision for current income taxes. As of December 31, 2021 and 2020, our carrying value of these investments totaled $4.1 million and $3.9 million, respectively. For the years ended December 31, 2021, 2020 and 2019, we realized $1,087,000, $746,000 and $669,000, respectively, in tax credits and other tax benefits on these investments, against |
Loans and Allowance for Credit
Loans and Allowance for Credit Losses | 12 Months Ended |
Dec. 31, 2021 | |
Loans and Leases Receivable Disclosure [Abstract] | |
Loans | LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS Loans are generally stated at the amount of unpaid principal, reduced by unearned discount and the ACLL. Interest on loans is accrued daily on the outstanding balances. Loan origination fees and certain direct loan origination costs are deferred and amortized as adjustments of the related loan yield over its contractual life. Loans The following table presents the amortized cost of loans held for investment: Dollars in thousands 2021 2020 Commercial $ 365,301 $ 306,885 Commercial real estate - owner occupied Professional & medical 150,759 107,151 Retail 190,304 126,451 Other 143,645 118,258 Commercial real estate - non-owner occupied Hotels & motels 128,450 121,502 Mini-storage 59,045 60,550 Multifamily 233,157 175,988 Retail 162,758 135,405 Other 282,621 192,120 Construction and development Land & land development 100,805 107,342 Construction 146,038 91,100 Residential 1-4 family real estate Personal residence 262,805 305,093 Rental - small loan 121,989 120,426 Rental - large loan 79,108 74,185 Home equity 72,112 81,588 Mortgage warehouse lines 227,869 251,810 Consumer 31,923 33,906 Other Credit cards 1,891 1,855 Overdrafts 811 538 Total loans, net of unearned fees 2,761,391 2,412,153 Less allowance for credit losses - loans 32,298 32,246 Loans, net $ 2,729,093 $ 2,379,907 Accrued interest and fees receivable on loans totaled $7.2 million and $9.1 million at December 31, 2021 and 2020, respectively and is included in accrued interest and fees receivable in the accompany consolidated balance sheets. Included in the totals above are net unamortized loan fees of $4.0 million and $4.4 million at December 31, 2021 and 2020, respectively. The following presents loan maturities at December 31, 2021: Within After 1 but After 5 but After Dollars in thousands 1 Year within 5 Years within 15 Years 15 Years Commercial $ 140,478 $ 144,002 $ 75,250 $ 5,571 Commercial real estate - owner occupied Professional & medical 2,728 55,306 53,762 38,963 Retail 6,802 17,896 123,837 41,769 Other 3,597 15,537 44,704 79,807 Commercial real estate - non-owner occupied Hotels & motels 7,531 24,698 34,939 61,282 Mini-storage 21 1,244 19,327 38,453 Multifamily 4,384 67,778 56,538 104,457 Retail 6,933 34,230 72,054 49,541 Other 2,766 102,906 126,530 50,419 Construction and development Land & land development 34,242 32,108 18,318 16,137 Construction 31,665 47,437 32,279 34,657 Residential 1-4 family real estate Personal residence 2,437 9,146 67,853 183,369 Rental - small loan 7,101 8,163 42,477 64,248 Rental - large loan 4,302 9,828 16,520 48,458 Home equity 141 3,239 13,269 55,463 Mortgage warehouse lines 227,869 — — — Consumer 2,861 22,768 6,100 194 Other Credit cards 1,891 — — — Overdrafts 811 — — — $ 488,560 $ 596,286 $ 803,757 $ 872,788 Loans due after one year with: Variable rates $ 1,439,286 Fixed rates 833,545 $ 2,272,831 Past Due Loans and Non-Accrual Loans. Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on non-accrual status when, in management’s opinion, the borrower may be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. In determining whether or not a borrower may be unable to meet payment obligations for each class of loans, we consider the borrower’s debt service capacity through the analysis of current financial information, if available, and/or current information with regards to our collateral position. Regulatory provisions would typically require the placement of a loan on non-accrual status if (i) principal or interest has been in default for a period of 90 days or more unless the loan is both well secured and in the process of collection or (ii) full payment of principal and interest is not expected. Loans may be placed on non-accrual status regardless of whether or not such loans are considered past due. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income on non-accrual loans is recognized only to the extent that cash payments are received in excess of principal due. A loan may be returned to accrual status when all the principal and interest amounts contractually due are brought current and future principal and interest amounts contractually due are reasonably assured, which is typically evidenced by a sustained period (at least six months) of repayment performance by the borrower. The following tables present the contractual aging of the amortized cost basis of past due loans by class. At December 31, 2021 Past Due 90 days or more and Accruing Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current Commercial $ 736 $ 15 $ 613 $ 1,364 $ 363,937 $ — Commercial real estate - owner occupied Professional & medical 409 — — 409 150,350 — Retail — 405 144 549 189,755 — Other 208 — 150 358 143,287 — Commercial real estate - non-owner occupied Hotels & motels — — — — 128,450 — Mini-storage 2 — — 2 59,043 — Multifamily — — 55 55 233,102 — Retail 66 — 338 404 162,354 — Other — — — — 282,621 — Construction and development Land & land development 38 7 962 1,007 99,798 — Construction — — — — 146,038 — Residential 1-4 family real estate Personal residence 2,283 1,211 1,384 4,878 257,927 — Rental - small loan 429 247 1,093 1,769 120,220 — Rental - large loan — — — — 79,108 — Home equity 236 80 175 491 71,621 — Mortgage warehouse lines — — — — 227,869 — Consumer 98 101 7 206 31,717 — Other Credit cards 12 10 4 26 1,865 4 Overdrafts — — — — 811 — Total $ 4,517 $ 2,076 $ 4,925 $ 11,518 $ 2,749,873 $ 4 At December 31, 2020 Past Due 90 days or more and Accruing Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current Commercial $ 60 $ — $ 318 $ 378 $ 306,507 $ — Commercial real estate - owner occupied Professional & medical 220 — 457 677 106,474 — Retail 54 — 2,259 2,313 124,138 — Other — — 150 150 118,108 — Commercial real estate - non-owner occupied Hotels & motels — — — — 121,502 — Mini-storage — — — — 60,550 — Multifamily — — — — 175,988 — Retail — — 657 657 134,748 — Other — — 315 315 191,805 — Construction and development Land & land development 47 — 70 117 107,225 — Construction — — — — 91,100 — Residential 1-4 family real estate Personal residence 3,750 1,071 1,656 6,477 298,616 — Rental - small loan 1,129 487 719 2,335 118,091 — Rental - large loan 769 — — 769 73,416 — Home equity 758 — 197 955 80,633 — Mortgage warehouse lines — — — — 251,810 — Consumer 190 44 72 306 33,600 — Other Credit cards 5 — 2 7 1,848 2 Overdrafts — — — — 538 — Total $ 6,982 $ 1,602 $ 6,872 $ 15,456 $ 2,396,697 $ 2 The amount of interest recognized on nonaccrual loans during the periods presented is immaterial. The following tables present the nonaccrual loans included in the net balance of loans. December 31, December 31, 2021 2020 Dollars in thousands Nonaccrual Nonaccrual Nonaccrual Nonaccrual Commercial $ 740 $ 96 $ 525 $ — Commercial real estate - owner occupied Professional & medical — — 536 — Retail 775 — 12,193 2,258 Other 341 — 384 — Commercial real estate - non-owner occupied Hotels & motels 3,085 — — — Mini-storage — — — — Multifamily 55 — — — Retail 338 — 809 657 Other 9 — 315 — Construction and development Land & land development 1,560 — 70 — Construction — — 165 — Residential 1-4 family real estate Personal residence 2,504 — 3,424 — Rental - small loan 3,094 — 1,603 108 Rental - large loan — — — — Home equity 174 — 236 — Mortgage warehouse lines — — — — Consumer 17 — 73 — Other Credit cards — — — — Overdrafts — — — — Total $ 12,692 $ 96 $ 20,333 $ 3,023 Troubled Debt Restructurings. The restructuring of a loan is considered a troubled debt restructuring (“TDR”) if both (i) the borrower is experiencing financial difficulties and (ii) the creditor has granted a concession. Concessions may include interest rate reductions or below market interest rates, principal forgiveness, restructuring amortization schedules, payment deferrals, reductions in collateral and other actions intended to minimize potential losses. At December 31, 2021, we had TDRs of $20.9 million, of which $18.7 million were current with respect to restructured contractual payments. At December 31, 2020, our TDRs totaled $24.5 million, of which $20.5 million were current with respect to restructured contractual payments. There were no commitments to lend additional funds under these restructurings at either balance sheet date. The following table presents by class the TDRs that were restructured during the years ended December 31, 2021 and 2020. 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. TDRs are evaluated individually for allowance for credit loss purposes if the loan balance exceeds $500,000, otherwise, smaller balance TDR loans are included in the pools to determine ACLL. 2021 2020 Dollars in thousands Number of Pre-modification Post-modification Number of Pre-modification Post-modification Commercial real estate - owner occupied Other — $ — $ — 1 $ 361 $ 361 Residential 1-4 family real estate Personal residence 4 294 294 1 48 48 Rental - small loan — — — 1 399 399 Total 4 $ 294 $ 294 3 $ 808 $ 808 The following tables present defaults during the stated period of TDRs that were restructured during the prior 12 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. 2021 2020 Dollars in thousands Number Recorded Number Recorded Commercial real estate - owner occupied Other — $ — 1 $ 361 Residential 1-4 family real estate Personal residence 1 44 1 48 Rental - small loan — — 1 399 Total 1 $ 44 3 $ 808 Credit Quality Indicators: We categorize loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. We analyze loans individually by classifying the loans as to credit risk. We internally grade all commercial loans at the time of loan origination. In addition, we perform an annual loan review on all non-homogenous commercial loan relationships with an aggregate exposure of $5.0 million, at which time these loans are re-graded. We use the following definitions for our risk grades: Pass: Loans graded as Pass are loans to borrowers of acceptable credit quality and risk. They are higher quality loans that do not fit any of the other categories described below. Special Mention: Commercial loans categorized as Special Mention are potentially weak. The credit risk may be relatively minor yet represent a risk given certain specific circumstances. If the potential weaknesses are not monitored or mitigated, the asset may weaken or inadequately protect our position in the future. Substandard: Commercial loans categorized as Substandard are inadequately protected by the borrower’s ability to repay and/or the collateral pledged to secure the loan. These loans have identified weaknesses that could hinder normal repayment or collection of the debt. These loans are characterized by the distinct possibility that we will sustain some loss if the identified weaknesses are not mitigated. Doubtful: Commercial loans categorized as Doubtful have all the weaknesses inherent in those loans classified as Substandard, with the added elements that the full collection of the loan is improbable and the possibility of loss is high. Loss: Loans classified as loss are considered to be non-collectible and of such little value that their continuance as a bankable asset is not warranted. This does not mean that the loan has absolutely no recovery value, but rather it is neither practical nor desirable to defer writing off the loan, even though partial recovery may be obtained in the future. Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal of loan constitutes a current period origination. Generally, current period renewals of credit are reunderwritten at the point of renewal and considered current period originations for purposes of the table below. As of December 31, 2021 and 2020, based on the most recent analysis performed, the risk category of loans based on year of origination is as follows: December 31, 2021 Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior Revolvi- Revolving- Term Total Commercial Pass $ 123,890 $ 36,339 $ 31,116 $ 5,549 $ 8,831 $ 14,061 $ 141,003 $ — $ 360,789 Special Mention 693 279 69 41 60 539 1,984 — 3,665 Substandard 135 45 110 48 18 7 484 — 847 Total Commercial 124,718 36,663 31,295 5,638 8,909 14,607 143,471 — 365,301 December 31, 2021 Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior Revolvi- Revolving- Term Total Commercial Real Estate Professional & medical Pass 72,417 11,869 7,046 4,595 22,939 27,905 2,366 — 149,137 Special Mention — 1,146 — — — 187 — — 1,333 Substandard — 72 — — 217 — — — 289 Total Professional & Medical 72,417 13,087 7,046 4,595 23,156 28,092 2,366 — 150,759 Retail Pass 78,780 29,749 33,114 8,813 9,318 25,296 2,464 — 187,534 Special Mention — — — — — 671 — — 671 Substandard — — 1,324 — 549 226 — — 2,099 Total Retail 78,780 29,749 34,438 8,813 9,867 26,193 2,464 — 190,304 Other Pass 32,805 30,897 13,216 16,716 7,501 38,796 2,782 — 142,713 Special Mention 59 — — — — 532 — — 591 Substandard — — — — — 303 38 — 341 Total Other 32,864 30,897 13,216 16,716 7,501 39,631 2,820 — 143,645 Total Commercial Real Estate - 184,061 73,733 54,700 30,124 40,524 93,916 7,650 — 484,708 Commercial Real Estate Hotels & motels Pass 1,736 3,313 32,634 15,949 6,953 20,308 7,531 — 88,424 Special Mention — — 36,941 — — — — — 36,941 Substandard — 2,830 — — — 255 — — 3,085 Total Hotels & Motels 1,736 6,143 69,575 15,949 6,953 20,563 7,531 — 128,450 Mini-storage Pass 13,294 7,641 9,218 14,209 4,506 10,109 21 — 58,998 Special Mention — — — — — 47 — — 47 Total Mini-storage 13,294 7,641 9,218 14,209 4,506 10,156 21 — 59,045 Multifamily Pass 55,367 39,105 45,016 23,665 14,629 51,155 3,372 — 232,309 Special Mention — 582 — — — 43 169 — 794 Substandard — — — — — 54 — — 54 Total Multifamily 55,367 39,687 45,016 23,665 14,629 51,252 3,541 — 233,157 Retail Pass 52,533 42,177 20,763 7,653 6,778 24,958 6,586 — 161,448 Special Mention — — — — — 972 — — 972 Substandard — — — — — 338 — — 338 Total Retail 52,533 42,177 20,763 7,653 6,778 26,268 6,586 — 162,758 Other Pass 107,962 82,846 14,211 8,443 11,421 51,587 2,620 — 279,090 Special Mention — — — 572 — — — — 572 Substandard — — — — — 2,959 — — 2,959 Total Other 107,962 82,846 14,211 9,015 11,421 54,546 2,620 — 282,621 Total Commercial Real Estate - 230,892 178,494 158,783 70,491 44,287 162,785 20,299 — 866,031 December 31, 2021 Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior Revolvi- Revolving- Term Total Construction and Development Land & land development Pass 26,671 14,050 20,275 5,627 2,927 21,875 6,721 — 98,146 Special Mention — 155 117 — — 591 — — 863 Substandard — — — — — 1,796 — — 1,796 Total Land & land development 26,671 14,205 20,392 5,627 2,927 24,262 6,721 — 100,805 Construction Pass 64,352 64,022 7,438 1,407 — — 8,320 — 145,539 Substandard — — — 329 — 170 — — 499 Total Construction 64,352 64,022 7,438 1,736 — 170 8,320 — 146,038 Total Construction and 91,023 78,227 27,830 7,363 2,927 24,432 15,041 — 246,843 Residential 1-4 Family Real Estate Personal residence Pass 39,637 34,962 18,974 18,784 14,597 115,384 — — 242,338 Special Mention — — 184 62 534 10,377 — — 11,157 Substandard — — 475 847 456 7,532 — — 9,310 Total Personal Residence 39,637 34,962 19,633 19,693 15,587 133,293 — — 262,805 Rental - small loan Pass 30,342 13,990 14,093 11,524 6,567 33,936 4,630 — 115,082 Special Mention 229 107 57 250 1 1,579 9 — 2,232 Substandard — 132 133 374 513 3,388 135 — 4,675 Total Rental - Small Loan 30,571 14,229 14,283 12,148 7,081 38,903 4,774 — 121,989 Rental - large loan Pass 34,558 14,069 5,971 5,283 2,790 11,776 1,078 — 75,525 Special Mention — — — — — 29 — — 29 Substandard — — — — — 3,554 — — 3,554 Total Rental - Large Loan 34,558 14,069 5,971 5,283 2,790 15,359 1,078 — 79,108 Home equity Pass 27 115 11 50 78 1,380 68,293 — 69,954 Special Mention — — — — — 94 1,399 — 1,493 Substandard — — — — — 407 258 — 665 Total Home Equity 27 115 11 50 78 1,881 69,950 — 72,112 Total Residential 1-4 Family Real 104,793 63,375 39,898 37,174 25,536 189,436 75,802 — 536,014 Mortgage warehouse lines Pass — — — — — — 227,869 — 227,869 Total Mortgage Warehouse Lines — — — — — — 227,869 — 227,869 Consumer Pass 14,134 6,333 4,444 1,767 540 1,691 902 — 29,811 Special Mention 904 381 210 66 87 53 11 — 1,712 Substandard 199 96 40 11 3 22 29 — 400 Total Consumer 15,237 6,810 4,694 1,844 630 1,766 942 — 31,923 December 31, 2021 Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior Revolvi- Revolving- Term Total Other Credit cards Pass 1,891 — — — — — — — 1,891 Total Credit Cards 1,891 — — — — — — — 1,891 Overdrafts Pass 811 — — — — — — — 811 Total Overdrafts 811 — — — — — — — 811 Total Other 2,702 — — — — — — — 2,702 Total $ 753,426 $ 437,302 $ 317,200 $ 152,634 $ 122,813 $ 486,942 $ 491,074 $ — $ 2,761,391 December 31, 2020 Dollars in thousands Risk Rating 2020 2019 2018 2017 2016 Prior Revolvi- Revolving- Term Total Commercial Pass $ 112,335 $ 46,323 $ 20,936 $ 16,723 $ 11,087 $ 12,336 $ 78,107 $ — $ 297,847 Special Mention 9 38 1,956 77 201 909 407 — 3,597 Substandard 1,039 177 215 29 40 56 3,885 — 5,441 Total Commercial 113,383 46,538 23,107 16,829 11,328 13,301 82,399 — 306,885 Commercial Real Estate Professional & medical Pass 19,454 16,414 2,540 26,578 3,322 28,905 3,079 — 100,292 Special Mention 1,171 — — — — 5,152 — — 6,323 Substandard 79 321 — — 136 — — — 536 Total Professional & Medical 20,704 16,735 2,540 26,578 3,458 34,057 3,079 — 107,151 Retail Pass 28,351 28,547 5,238 10,288 6,041 31,087 2,199 — 111,751 Special Mention — — — 432 3 824 — — 1,259 Substandard — 10,524 — 157 — 2,360 400 — 13,441 Total Retail 28,351 39,071 5,238 10,877 6,044 34,271 2,599 — 126,451 Other Pass 28,712 13,722 17,699 9,845 13,119 32,486 1,496 — 117,079 Special Mention — — — — — 694 — — 694 Substandard — — — — — 444 41 — 485 Total Other 28,712 13,722 17,699 9,845 13,119 33,624 1,537 — 118,258 Total Commercial Real Estate - 77,767 69,528 25,477 47,300 22,621 101,952 7,215 — 351,860 Commercial Real Estate Hotels & motels Pass 3,428 23,821 18,894 9,880 7,389 14,252 3,160 — 80,824 Special Mention 2,994 37,398 — — — 286 — — 40,678 Total Hotels & Motels 6,422 61,219 18,894 9,880 7,389 14,538 3,160 — 121,502 December 31, 2020 Dollars in thousands Risk Rating 2020 2019 2018 2017 2016 Prior Revolvi- Revolving- Term Total Mini-storage Pass 10,159 19,022 15,046 3,986 6,228 4,780 170 — 59,391 Special Mention — — — — — 50 — — 50 Substandard — — — — — 1,109 — — 1,109 Total Mini-storage 10,159 19,022 15,046 3,986 6,228 5,939 170 — 60,550 Multifamily Pass 39,814 27,090 27,198 19,294 10,762 47,751 2,844 — 174,753 Special Mention — — — — — 48 — — 48 Substandard — 1,187 — — — — — — 1,187 Total Multifamily 39,814 28,277 27,198 19,294 10,762 47,799 2,844 — 175,988 Retail Pass 44,359 27,357 11,169 9,361 4,414 30,381 6,502 — 133,543 Special Mention — — — — 446 540 — — 986 Substandard — — — 152 — 724 — — 876 Total Retail 44,359 27,357 11,169 9,513 4,860 31,645 6,502 — 135,405 Other Pass 75,272 20,483 24,663 10,626 26,989 28,293 1,794 — 188,120 Special Mention — — — — — 142 — — 142 Doubtful — — 576 — — 3,282 — — 3,858 Total Other 75,272 20,483 25,239 10,626 26,989 31,717 1,794 — 192,120 Total Commercial Real Estate - 176,026 156,358 97,546 53,299 56,228 131,638 14,470 — 685,565 Construction and Development Land & land development Pass 27,084 25,468 10,943 4,149 6,370 21,882 9,320 — 105,216 Special Mention — 70 12 — — 644 — — 726 Substandard — — 6 — 11 1,383 — — 1,400 Total Land & land development 27,084 25,538 10,961 4,149 6,381 23,909 9,320 — 107,342 Construction Pass 50,060 34,480 2,833 885 — — 1,325 — 89,583 Substandard — 1,352 — — — 165 — — 1,517 Total Construction 50,060 35,832 2,833 885 — 165 1,325 — 91,100 Total Construction and 77,144 61,370 13,794 5,034 6,381 24,074 10,645 — 198,442 Residential 1-4 Family Real Estate Personal residence Pass 51,120 31,415 27,052 23,069 23,759 126,293 — — 282,708 Special Mention — 242 131 267 254 12,020 — — 12,914 Substandard — 46 849 540 126 7,910 — — 9,471 Total Personal Residence 51,120 31,703 28,032 23,876 24,139 146,223 — — 305,093 December 31, 2020 Dollars in thousands Risk Rating 2020 2019 2018 2017 2016 Prior Revolvi- Revolving- Term Total Rental - small loan Pass 18,762 20,113 14,512 10,705 10,941 34,643 4,047 — 113,723 Special Mention 110 253 251 3 192 1,749 62 — 2,620 Substandard — 1,163 — — 46 2,874 — — 4,083 Total Rental - Small Loan 18,872 21,529 14,763 10,708 11,179 39,266 4,109 — 120,426 Rental - large loan Pass 16,926 5,484 9,456 5,323 9,133 20,515 2,188 — 69,025 Special Mention — 1,430 — — — 32 — — 1,462 Substandard — — — — — 3,698 — — 3,698 Total Rental - Large Loan 16,926 6,914 9,456 5,323 9,133 24,245 2,188 — 74,185 Home equity Pass 429 565 347 502 89 2,174 74,974 — 79,080 Special Mention — — — 40 — 96 1,596 — 1,732 Substandard — — 32 28 — 424 292 — 776 Total Home Equity 429 565 379 570 89 2,694 76,862 — 81,588 Total Residential 1-4 Family Real 87,347 60,711 52,630 40,477 44,540 212,428 83,159 — 581,292 Mortgage warehouse lines Pass — — — — — — 251,810 — 251,810 Total Mortgage Warehouse Lines — — — — — — 251,810 — 251,810 Consumer Pass 12,785 9,257 4,239 1,609 1,237 1,516 822 — 31,465 Special Mention 991 454 214 155 70 49 18 — 1,951 Substandard 245 127 31 6 51 4 26 — 490 Total Consumer 14,021 9,838 4,484 1,770 1,358 1,569 866 — 33,906 Other Credit cards Pass 1,855 — — — — — — — 1,855 Total Credit Cards 1,855 — — — — — — — 1,855 Overdrafts Pass 538 — — — — — — — 538 Total Overdrafts 538 — — — — — — — 538 Total Other 2,393 — — — — — — — 2,393 Total $ 548,081 $ 404,343 $ 217,038 $ 164,709 $ 142,456 $ 484,962 $ 450,564 $ — $ 2,412,153 Industry concentrations: At December 31, 2021 and 2020, we had no concentrations of loans to any single industry in excess of 10% of total loans. Loans to related parties: We have had, and may be expected to have in the future, banking transactions in the ordinary course of business with our directors, principal officers, their immediate families and affiliated companies in which they are principal shareholders (commonly referred to as related parties). These transactions have been, in our opinion, on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with others. The following presents the activity with respect to related party loans aggregating $60,000 or more to any one related party (other changes represent additions to and changes in director and executive officer status): Dollars in thousands 2021 2020 Balance, beginning $ 55,092 $ 51,292 Additions 2,677 17,641 Amounts collected (4,557) (13,992) Other changes, net — 151 Balance, ending $ 53,212 $ 55,092 Allowance for Credit Losses - Loans The ACLL is a valuation allowance, estimated at each balance sheet date in accordance with ASC 326, that is deducted from the amortized cost basis of loans to present the net amount expected to be collected. The amount of the ACLL represents our best estimate of current expected credit losses on loans considering available information, from internal and external sources, relevant to assessing collectability over the loans’ contractual terms, adjusted for expected prepayments when appropriate (the “life-of-loan” concept). The contractual term excludes expected extensions, renewals and modifications unless (i) management has a reasonable expectation that a troubled debt restructuring will be executed with an individual borrower or (ii) such extension or renewal options are not unconditionally cancellable by us and, in such cases, the borrower is likely to meet applicable conditions and likely to request extension or renewal. Relevant available information includes historical credit loss experience, current conditions and reasonable and supportable forecasts. While historical credit loss experience provides the basis for the estimation of expected credit losses, adjustments to historical loss information may be made for differences in current portfolio-specific risk characteristics, environmental conditions or other relevant factors. The ACLL losses is measured on a collective basis for portfolios of loans when similar risk characteristics exist. Loans that do not share risk characteristics are evaluated for expected credit losses on an individual basis and excluded from the collective evaluation. Expected credit losses for collateral dependent loans, including loans where the borrower is experiencing financial difficulty, but foreclosure is not probable, are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. Expected credit losses are reflected in the ACLL through a charge to provision for credit losses. When we deem all or a portion of a financial asset to be uncollectible the appropriate amount is written off and the ACLL is reduced by the same amount. The Company applies judgment to determine when a financial asset is deemed uncollectible; however, generally speaking, an asset will be considered uncollectible no later than when all efforts at collection have been exhausted. Subsequent recoveries, if any, are credited to the ACLL when received. Loan Pools. In calculating the ACLL, most loans are segmented into pools based upon similar characteristics and risk profiles. Common characteristics and risk profiles include the type/purpose of loan, underlying collateral, geographical similarity and historical/expected credit loss patterns. In developing these loan pools for the purposes of modeling expected credit losses, we also analyzed the degree of correlation in how loans within each portfolio respond when subjected to varying economic conditions and scenarios as well as other portfolio stress factors. We have identified the pools of financial assets with similar risk characteristics for measuring expected credit losses as presented in the table of amortized cost of loans held for investment above. We periodically reassess each pool to ensure the loans within the pool continue to share similar characteristics and risk profiles and to determine whether further segmentation is necessary. Residential 1-4 family rentals are classified as small loan if the original loan amount is less than $600,000 and classified as large loan if the original loan amount equals or exceeds $600,000. The Company’s methodology for estimating the ACLL considers available relevant information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable forecasts. The methodology applies historical loss information, adjusted for asset-specific characteristics, economic conditions at the measurement date, and forecasts about future economic conditions expected to exist through the contractual lives of the financial assets that are reasonable and supportable, to the identified pools of financial assets with similar risk characteristics for which the historical loss experience was observed. Our methodology reverts to historical loss information immediately when it can no longer develop reasonable and supportable forecasts. Loss-Rate Method. We use a loss-rate (“cohort”) method to estimate expected credit losses for all loan pools. The cohort method identifies and captures the balances of pooled loans with similar risk characteristics, as of a point in time to form a cohort, then tracks the respective losses generated by that cohort of loans over their remaining lives, or until the loans are “exhausted” (reached an acceptable stage at which a significant majority of all losses are expected to have been recognized). This method encompasses loan balances for as long as the loans are outstanding, so while significant history is required to represent the life-of-loan concept, this method does not require as much history due to its inclusion of loan balances in multiple cohort periods. Qualitative Factors. We qualitatively adjust our loan loss rates for risk factors that are not otherwise considered within our model but are nonetheless relevant in assessing the expected credit losses within our loan pools. These qualitative factor (“Q-Factor”) adjustments may increase or decrease our estimate of expected credit losses by a calculated percentage or amount based upon the estimated level of risk. One Q-Factor adjustment to our loss rates is consideration of reasonable and supportable forecasts of economic conditions. In arriving at a reasonable and supportable economic forecast, we primarily consider the forecasted unemployment rates for the U.S., West Virginia and Virginia as loss drivers for each segmented loan pool. Secondarily, we consider the following forecasted economic data for one or more of our segmented loan pools depending on the nature of the underlying loan pool: housing price indices (U.S., West Virginia & Virginia), single-family housing starts (West Virginia & Virginia), multi-family housing starts (West Virginia & Virginia), personal income growth (U.S., West Virginia & Virginia), U.S. consumer confidence, rental vacancy rates (U.S.), and U.S. percentage change in gross domestic product. Other risks that we may consider in making Q-Factor adjustments include, among other things, the impact of (i) changes in lending policies and procedures, including changes in underwriting standards and practices for collections, write-offs, and recoveries, (ii) changes in the nature and volume of the loan pools and in the terms of the underlying loans, (iii) changes in the experience, ability, and depth of our lending management and staff, (iv) changes in volume and severity of past due financial assets, the volume of non-accrual assets, and the volume and severity of adversely classified or graded assets, (v) changes in the quality of our credit review function, (vi) changes in the value of the underlying collateral for loans that are non-collateral dependent, (vii) the existence, growth, and effect of any concentrations of credit and (viii) other external factors such as the regulatory, legal and technological environments; competition; and events such as natural disasters or health pandemics. Collateral Dependent Loans. We may determine that an individual loan exhibits unique risk characteristics which differentiate it from other loans within our loan pools. In such cases, the loans are evaluated for expected credit losses on an individual basis and excluded from the collective evaluation. Specific allocations of the allowance for credit losses are determined by analyzing the borrower’s ability to repay amounts owed, collateral deficiencies, the relative risk grade of the loan and economic conditions affecting the borrower’s industry, among other things. A loan is considered to be collateral dependent when, based upon management's assessment, the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. In such cases, expected credit losses are based on the fair value of the collateral at the measurement date, adjusted for estimated selling costs if satisfaction of the loan depends on the sale of the collateral. We reevaluate the fair value of collateral supporting collateral dependent loans on a quarterly basis. The fair value of real estate collateral supporting collateral dependent loans is evaluated by appraisal services using a methodology that is consistent with the Uniform Standards of Professional Appraisal Practice. The following table presents the activity in the ACLL by portfolio segment during 2021 and 2020: For the Year Ended December 31, 2021 Allowance for Credit Losses - Loans Dollars in thousands Beginning Provision Adjustment Charge- Recoveries Ending Commercial $ 2,304 $ 1,112 $ — $ (222) $ 24 $ 3,218 Commercial real estate - owner occupied Professional & medical 954 71 71 (4) — 1,092 Retail 3,173 (1,812) — — 1 1,362 Other 610 (35) — — — 575 Commercial real estate - non-owner occupied Hotels & motels 2,135 397 — — — 2,532 Mini-storage 337 (204) — — — 133 Multifamily 1,547 265 — — 9 1,821 Retail 9 |
Property Held For Sale
Property Held For Sale | 12 Months Ended |
Dec. 31, 2021 | |
Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract] | |
Property Held For Sale | PROPERTY HELD FOR SALE Property held for sale consists of premises held for sale (if any) and real estate acquired through foreclosure on loans secured by such real estate. Qualifying premises are transferred to property held for sale at estimated fair value less anticipated selling costs, establishing a new cost basis. Foreclosed properties are recorded at the estimated fair value less anticipated selling costs based upon the property’s appraised value at the date of foreclosure, with any difference between the fair value of foreclosed property and the carrying value of the related loan charged to the allowance for credit losses. We perform periodic valuations of property held for sale subsequent to transfer. Changes in value subsequent to transfer are recorded in noninterest expense. Gains or losses resulting from the sale of property held for sale is recognized on the date of sale and is included in noninterest expense. Depreciation is not recorded on property held for sale. Expenses incurred in connection with operating foreclosed properties are charged to noninterest expense. The following table presents the activity of property held for sale during 2021, 2020 and 2019. Dollars in thousands 2021 2020 2019 Beginning balance $ 15,588 $ 19,276 $ 21,432 Acquisitions 532 1,132 4,549 Acquisition of WinFirst — 146 — Capitalized improvements — 1,352 512 Dispositions (4,845) (4,535) (5,142) Valuation adjustments (1,417) (1,783) (2,075) Balance at year end $ 9,858 $ 15,588 $ 19,276 At December 31, 2021, our foreclosed properties of consumer residential real estate totaled $576,000. |
Premises And Equipment
Premises And Equipment | 12 Months Ended |
Dec. 31, 2021 | |
Property, Plant and Equipment [Abstract] | |
Premises and Equipment | PREMISES AND EQUIPMENT Land is carried at cost, while premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed primarily by the straight-line method for premises and equipment over the estimated useful lives of the assets. The estimated useful lives employed are on average 30 years for premises and 3 to 10 years for furniture and equipment. Repairs and maintenance expenditures are charged to operating expenses as incurred. Major improvements and additions to premises and equipment, including construction period interest costs, are capitalized. No interest was capitalized during 2021 or 2020. The major categories of premises and equipment and accumulated depreciation at December 31, 2021 and 2020 are summarized as follows: Dollars in thousands 2021 2020 Land $ 13,786 $ 12,172 Buildings and improvements 44,121 41,602 Furniture and equipment 31,188 28,768 89,095 82,542 Less accumulated depreciation (32,724) (30,005) Total premises and equipment, net $ 56,371 $ 52,537 Depreciation expense for the years ended December 31, 2021, 2020 and 2019 approximated $3.59 million, $3.22 million and $2.61 million, respectively. |
Leases
Leases | 12 Months Ended |
Dec. 31, 2021 | |
Leases [Abstract] | |
Lessee, Operating Leases | LEASE COMMITMENTS We lease certain office facilities and office equipment under operating leases. Rent expense for all operating leases totaled $904,000 in 2021, $606,000 in 2020 and $306,000 in 2019. In accordance with ASU No. 2016-02, Leases (Topic 842) and its related amendments we recognize certain operating leases on our balance sheet as lease right-of-use assets (reported as a component of other assets) and related lease liabilities (reported as a component of other liabilities). The components of total lease expense in 2021, 2020 and 2019 were as follows: Dollars in thousands 2021 2020 2019 Amortization of lease right-of-use assets $ 858 $ 540 $ 130 Short-term lease expense 46 66 176 Total $ 904 $ 606 $ 306 Right-of-use lease assets totaled $6.4 million and $5.5 million at December 31, 2021 and 2020, respectively, and are reported as a component of other assets on our accompanying consolidated balance sheets. The related lease liabilities totaled $6.6 million and $5.6 million at December 31, 2021 and 2020, respectively, and are reported as a component of other liabilities in the accompanying consolidated balance sheets. Lease payments under operating leases that were applied to our operating lease liability totaled $732,000, $358,000 and $95,000 during 2021, 2020 and 2019, respectively. The following table reconciles future undiscounted lease payments due under non-cancelable operating leases (those amounts subject to recognition) to the aggregate operating lessee lease liability as of December 31, 2021: Future Lease Payments Dollars in thousands 2022 $ 948 2023 829 2024 808 2025 756 2026 714 Thereafter 2,965 Total undiscounted operating lease liability $ 7,020 Imputed interest (453) Total operating lease liability included in the accompanying balance sheet $ 6,567 The weighted average remaining lease term was 9 years and 12 years at December 31, 2021 and 2020, respectively, and the weighted average discount rate was 1.46 percent and 1.57 percent at December 31, 2021 and 2020, respectively. |
Goodwill And Other Intangible A
Goodwill And Other Intangible Assets | 12 Months Ended |
Dec. 31, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill and certain other intangible assets with indefinite useful lives are not amortized into net income over an estimated life, but rather are tested at least annually for impairment. Intangible assets determined to have definite useful lives are amortized over their estimated useful lives and also are subject to impairment testing. In accordance with ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment , during third quarter 2021, we performed the qualitative assessment of goodwill and determined that the fair value was more likely than not greater than its carrying value. In performing the qualitative assessment, we considered certain events and circumstances such as macroeconomic conditions, industry and market considerations, overall financial performance and cost factors when evaluating whether it is more likely than not that the fair value is less than the carrying value. No indicators of impairment were noted as of September 30, 2021. The following table presents our goodwill activity by reporting unit for 2021. Dollars in thousands Goodwill Activity Balance, January 1, 2021 $ 45,495 Reclassifications to goodwill (479) Acquired goodwill, net 10,331 Balance, December 31, 2021 $ 55,347 In addition, at December 31, 2021 and December 31, 2020, we had $8.24 million and $9.63 million in unamortized identified intangible assets comprised of core deposit intangibles. Other Intangible Assets Dollars in thousands December 31, 2021 December 31, 2020 Identified intangible assets Gross carrying amount $ 15,828 $ 15,650 Less: accumulated amortization 7,585 6,022 Net carrying amount $ 8,243 $ 9,628 Amortization relative to our identified intangible assets is as follows: Core Deposit Customer Dollars in thousands Intangible Intangible Actual: 2019 $ 1,634 $ 67 2020 1,659 — 2021 1,563 — Expected: 2022 1,440 — 2023 1,299 — 2024 1,158 — 2025 1,019 — 2026 878 — Thereafter 2,379 — |
Deposits
Deposits | 12 Months Ended |
Dec. 31, 2021 | |
Deposits [Abstract] | |
Deposits | DEPOSITS The following is a summary of interest bearing deposits by type as of December 31, 2021 and 2020: Dollars in thousands 2021 2020 Demand deposits, interest bearing $ 1,127,298 $ 934,185 Savings deposits 698,156 621,168 Time deposits 548,649 599,480 Total $ 2,374,103 $ 2,154,833 Included in time deposits are deposits acquired through a third party (“brokered deposits”) totaling $14.7 million and $55.5 million at December 31, 2021 and 2020, respectively. A summary of the scheduled maturities for all time deposits as of December 31, 2021 is as follows: Dollars in thousands Amount 2022 $ 388,387 2023 99,843 2024 24,228 2025 14,329 2026 14,371 Thereafter 7,491 Total $ 548,649 Time certificates of deposit in denominations of $250,000 or more totaled $98.9 million at December 31, 2021. The following is a summary of the maturity distribution of such deposits. Dollars in thousands Amount Three months or less $ 22,387 Three through six months 15,553 Six through twelve months 27,206 Over twelve months 33,789 Total $ 98,935 At December 31, 2021 and 2020, our deposits of related parties including directors, executive officers and their related interests approximated $63.9 million and $51.7 million. |
Borrowed Funds
Borrowed Funds | 12 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
Borrowed Funds | BORROWED FUNDS Our subsidiary bank is a member of the Federal Home Loan Bank (“FHLB”). Membership in the FHLB makes available short-term and long-term advances under collateralized borrowing arrangements with each subsidiary bank. All FHLB advances are collateralized by a blanket lien of $1.60 billion of residential mortgage loans, certain commercial loans, mortgage backed securities and securities of U. S. Government agencies and corporations. We had $279.5 million available on a short term line of credit with the Federal Reserve Bank at December 31, 2021, which is primarily secured by a pledge of $514.0 million of our consumer loans, construction loans and commercial and industrial loan portfolios. We also had $6 million available on an unsecured line of credit with a correspondent bank. At December 31, 2021, our subsidiary bank had additional borrowings availability of $982.2 million from the FHLB. Short-term FHLB advances are granted for terms of 1 to 365 days and bear interest at a fixed or variable rate set at the time of the funding request. Short-term borrowings: At December 31, 2021, we had $285.5 million borrowing availability through credit lines and Federal funds purchased agreements. Federal funds purchased mature the next business day and totaled $146,000 at December 31, 2021 and 2020. A summary of short-term FHLB advances is presented below. December 31, 2021 2020 Dollars in thousands Short-term FHLB Advances Balance at December 31 $ 140,000 $ 140,000 Average balance outstanding for the period 140,000 130,241 Maximum balance outstanding at any month end during period 140,000 215,700 Weighted average interest rate for the period 0.33 % 0.67 % Weighted average interest rate for balances outstanding at December 31 0.26 % 0.35 % Long-term borrowings: Our long-term borrowings of $679,000 and $699,000 at December 31, 2021 and 2020, respectively, consisted of a fixed rate advance from the Federal Home Loan Bank (“FHLB”) maturing in 2026. The average interest rate paid on long-term borrowings during 2021 and 2020 was 5.34%. Subordinated debentures: We issued $75 million of subordinated debentures, net of $1.67 million debt issuance costs, during fourth quarter 2021 in a private placement transaction, which had a net balance of $73.4 million at December 31, 2021. The subordinated debt qualifies as Tier 2 capital under Federal Reserve Board guidelines, until the debt is within 5 years of its maturity; thereafter the amount qualifying as Tier 2 capital is reduced by 20 percent each year until maturity. This subordinated debt bears interest at a fixed rate of 3.25% per year, from and including November 16, 2021 to, but excluding, December 1, 2026, payable semi-annually in arrears. From and including December 1, 2026 to, but excluding, the maturity date or earlier redemption date, the interest rate will reset quarterly at a variable rate equal to the then current three-month term Secured Overnight Financing Rate (“SOFR”), as published by the Federal Reserve Bank of New York, plus 230 basis points, payable quarterly in arrears. This debt has a 10 years term and generally, is not prepayable by us within the first five years. We issued $30 million of subordinated debentures, net of $664,000 debt issuance costs, during third quarter 2020 in a private placement transaction, with a net balance of $29.5 million at December 31, 2021 and $29.4 million at December 31, 2020.The subordinated debt qualifies as Tier 2 capital under Federal Reserve Board guidelines, until the debt is within 5 years of its maturity; thereafter the amount qualifying as Tier 2 capital is reduced by 20 percent each year until maturity. This subordinated debt bears interest at a fixed rate of 5.00% per year, from and including September 22, 2020 to, but excluding, September 30, 2025, payable quarterly in arrears. From and including September 30, 2025 to, but excluding, the maturity date or earlier redemption date, the interest rate will reset quarterly at a variable rate equal to the then current three-month term Secured Overnight Financing Rate (“SOFR”), as published by the Federal Reserve Bank of New York, plus 487 basis points, payable quarterly in arrears. This debt has a 10 years term and generally, is not prepayable by us within the first five years. Subordinated debentures owed to unconsolidated subsidiary trusts: We have three statutory business trusts that were formed for the purpose of issuing mandatorily redeemable securities (the “capital securities”) for which we are obligated to third party investors and investing the proceeds from the sale of the capital securities in our junior subordinated debentures (the “debentures”). The debentures held by the trusts are their sole assets. Our subordinated debentures totaled $19.6 million at December 31, 2021 and 2020. In October 2002, we sponsored SFG Capital Trust I, in March 2004, we sponsored SFG Capital Trust II and in December 2005, we sponsored SFG Capital Trust III, of which 100% of the common equity of each trust is owned by us. SFG Capital Trust I issued $3.5 million in capital securities and $109,000 in common securities and invested the proceeds in $3.61 million of debentures. SFG Capital Trust II issued $7.5 million in capital securities and $232,000 in common securities and invested the proceeds in $7.73 million of debentures. SFG Capital Trust III issued $8.0 million in capital securities and $248,000 in common securities and invested the proceeds in $8.25 million of debentures. Distributions on the capital securities issued by the trusts are payable quarterly at a variable interest rate equal to 3 month LIBOR plus 345 basis points for SFG Capital Trust I, 3 month LIBOR plus 280 basis points for SFG Capital Trust II and 3 month LIBOR plus 145 basis points for SFG Capital Trust III and equals the interest rate earned on the debentures held by the trusts and is recorded as interest expense by us. The capital securities are subject to mandatory redemption in whole or in part, upon repayment of the debentures. We have entered into agreements which, taken collectively, fully and unconditionally guarantee the capital securities subject to the terms of the guarantee. The debentures of each Capital Trust are redeemable by us quarterly. The capital securities held by SFG Capital Trust I, SFG Capital Trust II and SFG Capital Trust III qualify as Tier 1 capital under Federal Reserve Board guidelines. In accordance with these Guidelines, trust preferred securities generally are limited to 25% of Tier 1 capital elements, net of goodwill. The amount of trust preferred securities and certain other elements in excess of the limit can be included in Tier 2 capital. A summary of the maturities of all long-term borrowings and subordinated debentures for the next five years and thereafter is as follows: Dollars in thousands Long-term Subordinated Subordinated 2022 $ 21 $ — $ — 2023 22 — — 2024 23 — — 2025 24 — — 2026 589 — — Thereafter — 105,000 19,589 Total $ 679 $ 105,000 $ 19,589 |
Derivative Financial Instrument
Derivative Financial Instruments | 12 Months Ended |
Dec. 31, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Financial Instruments | DERIVATIVE FINANCIAL INSTRUMENTS We use derivative instruments primarily to protect against the risk of adverse interest rate movements on the cash flows of certain assets and liabilities. Derivative instruments represent contracts between parties that usually require little or no initial net investment and result in one party delivering cash or another type of asset to the other party based upon a notional amount and an underlying as specified in the contract. A notional amount represents the number of units of a specific item, such as currency units. An underlying represents a variable, such as an interest rate or price index. The amount of cash or other asset delivered from one party to the other is determined based upon the interaction of the notional amount of the contract with the underlying. Derivatives can also be implicit in certain contracts and commitments. As with any financial instrument, derivative instruments have inherent risks, primarily market and credit risk. Market risk associated with changes in interest rates is managed by establishing and monitoring limits as to the degree of risk that may be undertaken as part of our overall market risk monitoring process. Credit risk occurs when a counterparty to a derivative contract with an unrealized gain fails to perform according to the terms of the agreement. Credit risk is managed by monitoring the size and maturity structure of the derivative portfolio and applying uniform credit standards to all activities with credit risk. All derivative instruments are recorded on the balance sheet at fair value in either other assets or other liabilities. Changes in the fair value of derivatives are recorded each period in current earnings or other comprehensive income, depending on whether a derivative is designated as part of a hedge transaction and the type of hedge transaction. Fair Value Hedges: For transactions in which we are hedging changes in fair value of an asset, liability, or a firm commitment, changes in the fair value of the derivative instrument are generally offset in the income statement by changes in the hedged item’s fair value. Cash Flow Hedges: For transactions in which we are hedging the variability of cash flows related to a variable-rate asset, liability, or a forecasted transaction, changes in the fair value of the derivative instrument are reported in other comprehensive income. The gains and losses on the derivative instrument, which are reported in comprehensive income, are reclassified to earnings in the periods in which earnings are impacted by the variability of cash flows of the hedged item. The ineffective portion of all hedges is recognized in current period earnings as a component of the interest income section of the related hedged item. Our derivatives are governed by the terms of ISDA Master netting agreements and Credit Support Annexes. The ISDA Master agreements allow counterparties to offset trades in a gain against trades in a loss to determine net exposure and allow for the right of offset in the event of either a default or an additional termination event. Credit Support Annexes govern the terms of daily collateral posting practices. Collateral practices mitigate the potential loss impact to affected parties by requiring liquid collateral to be posted on a scheduled basis to secure the aggregate net unsecured exposure. In addition to collateral, the right of offset allows counterparties to offset net derivative values with a defaulting party against certain other contractual receivables from other obligations due to the defaulting party in determining the net termination amount. Cash Flow Hedges We have entered into three pay-fixed/receive LIBOR interest rate swaps as follows: • A $20 million notional interest rate swap with an effective date of October 18, 2021 and expiring on October 18, 2023, was designated as a cash flow hedge of $20 million of variable rate Federal Home Loan Bank advances. Under the terms of this swap we will pay a fixed rate of 1.07% and receive a variable rate equal to three month LIBOR. • A $20 million notional interest rate swap with an effective date of October 18, 2021 and expiring on October 18, 2024, was designated as a cash flow hedge of $20 million of variable rate Federal Home Loan Bank advances. Under the terms of this swap we will pay a fixed rate of 1.11% and receive a variable rate equal to three month LIBOR. • A $40 million notional interest rate swap that expired on October 18, 2021, was designated as a cash flow hedge of $40 million of variable rate Federal Home Loan Bank advances. Under the terms of this swap we paid a fixed rate of 2.19% and received a variable rate equal to one month LIBOR. In addition, we have entered into two interest rate caps as follows: • A $100 million notional interest rate cap with an effective date of July 20, 2020 and expiring on April 18, 2030, was designated as a cash flow hedge of $100 million of fixed rate Federal Home Loan Bank advances. Under the terms of this cap we will hedge the variability of cash flows when three month LIBOR is above .75%. • A $100 million notional interest rate cap with an effective date of December 29, 2020 and expiring on December 18, 2025, was designated as a cash flow hedge of $100 million of certain indexed interest bearing demand deposit accounts. Under the terms of this cap we will hedge the variability of cash flows when the indexed rate of SOFR is above 0.50%. Fair Value Hedges 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 with a total original notional amount of $21.3 million. We have also entered into a pay fixed/receive variable interest rate swap to hedge fair value variability of certain available for sale taxable municipal securities, which is designated as a fair value hedge with a total original notional amount of $71.2 million. A summary of our derivative financial instruments as of December 31, 2021 and 2020 follows: December 31, 2021 Derivative Fair Value Net Ineffective Dollars in thousands Notional Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps hedging: Short term borrowings $ 40,000 $ — $ 83 $ — Interest rate caps hedging : Short term borrowings $ 100,000 $ 8,336 $ — $ — Indexed interest bearing demand deposit accounts 100,000 2,851 — — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps hedging: Commercial real estate loans $ 17,548 $ — $ 512 $ — Available for sale taxable municipal securities 71,245 — 529 22 December 31, 2020 Derivative Fair Value Net Ineffective Dollars in thousands Notional Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps hedging: Short term borrowings $ 80,000 $ — $ 1,457 $ — Interest rate caps hedging: Short term borrowings $ 100,000 $ 5,652 $ — $ — Indexed interest bearing demand deposit accounts 100,000 1,001 — — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps hedging: Commercial real estate loans $ 18,192 $ — $ 1,290 $ — |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | INCOME TAXES Income taxes, computed on the separate return basis with the benefit of filing a consolidated return being recorded at the holding company, include Federal and state income taxes and are based on pretax net income reported in the consolidated financial statements, adjusted for transactions that may never enter into the computation of income taxes payable (permanent differences). Deferred tax assets and liabilities are determined based on the differences between the financial statement and tax basis of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Valuation allowances are established, when deemed necessary, to reduce deferred tax assets to the amount expected to be realized. A tax position that meets a "probable recognition threshold" for the benefit of the uncertain tax position is recognized in the financial statements. A tax position that fails to meet the probable recognition threshold will result in either reduction of a current or deferred tax asset or receivable, or recording a current or deferred tax liability. We concluded that there were no significant uncertain tax positions requiring recognition in the consolidated financial statements. The evaluation was performed for the years ended 2018 through 2021, the tax years which remain subject to examination by major tax jurisdictions. The components of applicable income tax expense (benefit) for the years ended December 31, 2021, 2020 and 2019, are as follows: Dollars in thousands 2021 2020 2019 Current Federal $ 10,189 $ 10,189 $ 6,676 State 1,210 1,440 938 11,399 11,629 7,614 Deferred Federal 231 (3,673) 88 State 33 (528) 15 264 (4,201) 103 Total $ 11,663 $ 7,428 $ 7,717 Reconciliation between the amount of reported income tax expense and the amount computed by multiplying the statutory income tax rates by book pretax income for the years ended December 31, 2021, 2020 and 2019 is as follows: 2021 2020 2019 Dollars in thousands Amount Percent Amount Percent Amount Percent Computed tax at applicable statutory rate $ 12,054 21 $ 8,138 21 $ 8,313 21 Increase (decrease) in taxes resulting from: Tax-exempt interest and dividends, net (829) (1) (788) (2) (728) (2) Low-income housing and rehabilitation tax credits (206) — (248) (1) (177) — State income taxes, net of Federal income tax benefit 982 2 720 2 753 2 Other, net (338) (1) (394) (1) (444) (1) Applicable income taxes $ 11,663 21 $ 7,428 19 $ 7,717 20 Deferred income taxes reflect the impact of "temporary differences" between amounts of assets and liabilities for financial reporting purposes and such amounts as measured for tax purposes. Deferred tax assets and liabilities represent the future tax return consequences of temporary differences, which will either be taxable or deductible when the related assets and liabilities are recovered or settled. The tax effects of temporary differences, which give rise to our deferred tax assets and liabilities as of December 31, 2021 and 2020, are as follows: Dollars in thousands 2021 2020 Deferred tax assets Allowance for credit losses $ 9,497 $ 8,553 Foreclosed properties 2,089 2,703 Deferred compensation 4,803 4,384 Other deferred costs and accrued expenses 970 1,053 Net unrealized loss on derivative financial instruments — 357 Total 17,359 17,050 Deferred tax liabilities Depreciation 630 288 Accretion on tax-exempt securities 9 19 Net unrealized gain on debt securities available for sale 590 2,153 Net unrealized gain on interest rate swaps 1,136 — Other post-retirement benefits 12 — Acquisition accounting adjustments and goodwill 2,440 2,241 Total 4,817 4,701 Net deferred tax assets $ 12,542 $ 12,349 We may from time to time be assessed interest or penalties associated with tax liabilities by major tax jurisdictions, although any such assessments are estimated to be minimal and immaterial. To the extent we have received an assessment for interest and/or penalties; it has been classified in the consolidated statements of income as a component of other noninterest expense. We are currently open to audit under the statute of limitations by the Internal Revenue Service for the years ended December 31, 2018 through 2020. Tax years 2019 through 2020 remain subject to West Virginia State examination. |
Employee Benefits
Employee Benefits | 12 Months Ended |
Dec. 31, 2021 | |
Employee Benefit and Share-based Payment Arrangement, Noncash Expense [Abstract] | |
Employee Benefits | EMPLOYEE BENEFITS Retirement Plans: We have defined contribution profit-sharing plans with 401(k) provisions covering substantially all employees. Contributions to the plans are at the discretion of the Board of Directors. Contributions made to the plans and charged to expense were $792,000, $678,000 and $616,000 for the years ended December 31, 2021, 2020 and 2019, respectively. Employee Stock Ownership Plan : We have an Employee Stock Ownership Plan (“ESOP”), which enables eligible employees to acquire shares of our common stock. The cost of the ESOP is borne by us through annual contributions to an Employee Stock Ownership Trust in amounts determined by the Board of Directors. The expense recognized by us is based on cash contributed or committed to be contributed by us to the ESOP during the year. Contributions to the ESOP for the years ended December 31, 2021, 2020 and 2019 were $882,000, $816,000 and $721,000 respectively. Dividends paid by us to the ESOP are reported as a reduction of retained earnings. The ESOP owned 547,858 shares of our common stock at December 31, 2021 and 514,457 shares of common stock at December 31, 2020, all of which were purchased at the prevailing market price. All but 20,702 unallocated shares at December 31, 2021 are considered outstanding for earnings per share computations. The purchase of unallocated ESOP shares is shown as a reduction of shareholders' equity, similar to a purchase of treasury stock. The loan receivable from the ESOP to the Company is not reported as an asset nor is the debt of the ESOP reported as a liability on the Company's Consolidated Balance Sheets. Cash dividends on allocated shares (those credited to ESOP participants' accounts) are recorded as a reduction of shareholders' equity and distributed directly to participants' accounts. Cash dividends on unallocated shares (those held by the ESOP not yet credited to participants' accounts) are used to pay a portion of the ESOPs debt service requirements. Unallocated ESOP shares will be allocated to ESOP participants ratably as the ESOP's loan is repaid. When the shares are committed to be released and become available for allocation to plan participants, the then fair value of such shares will be charged to compensation expense. The ESOP shares as of December 31 are as follows: At December 31, 2021 2020 Allocated shares 504,154 448,358 Shares committed to be released 23,002 22,395 Unallocated shares 20,702 43,704 Total ESOP shares 547,858 514,457 Market value of unallocated shares ( in thousands ) $ 568 $ 965 Supplemental Executive Retirement Plans: We have certain non-qualified Supplemental Executive Retirement Plans (“SERP”) with certain senior officers, which provide participating officers with an income benefit payable at retirement age or death. The liabilities accrued for the SERP’s at December 31, 2021 and 2020 were $10.3 million and $9.6 million, respectively, which are included in other liabilities. Included in salaries, commissions and employee benefits was $967,000, $787,000 and $712,000 expense related to these SERPs for the years December 31, 2021, 2020 and 2019, respectively. Share-Based Compensation: The 2014 Long-Term Incentive Plan (“2014 LTIP”) was adopted by our shareholders in May 2014 to enhance the ability of the Company to attract and retain exceptionally qualified individuals to serve as key employees. The LTIP provides for the issuance of up to 800,000 shares of common stock, in the form of equity awards including stock options, restricted stock, restricted stock units ("RSUs"), stock appreciation rights ("SARs"), performance units, other share-based awards or any combination thereof, to our key employees. Stock options awarded under the 2009 Officer Stock Option Plan and the 1998 Officer Stock Option Plan (collectively, the “Plans”) were not altered by the 2014 LTIP and remain subject to the terms of the Plans. However, under the terms of the 2014 LTIP, all shares of common stock remaining issuable under the Plans at the time the 2014 LTIP was adopted ceased to be available for future issuance. Under the 2014 LTIP and the Plans, stock options, SARs and RSUs have generally been granted with an exercise price equal to the fair value of Summit's common stock on the grant date. We periodically grant share based compensation to individual employees. During 2021, we granted 54,947 SARs with a $9.44 grant date fair value per SAR that become exercisable ratably over seven years (14.3% per year) and expire ten years after the grant date. Also during 2021, we granted 122,542 SARs with a $9.34 grant date fair value per SAR that become exercisable ratably over five years (20% per year) and expire ten years after the grant date. During 2019, we granted 28,306 SARs with a $9.74 grant date fair value per SAR that become exercisable ratably over seven years (14.3% per year) and expire ten years after the grant date. Also during 2019, we granted 109,819 SARs with a $8.41 grant date fair value per SAR that become exercisable ratably over five years (20% per year) and expire ten years after the grant date. There were no grants of SARs or stock options in 2020. 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 in 2021 and 2019 are as follows: 2021 Grants 2019 Grants 7 year expiration 5 year expiration 7 year expiration 5 year expiration Risk-free interest rate 1.06 % 0.74 % 2.51 % 2.43 % Expected dividend yield 3.00 % 3.00 % 2.30 % 2.30 % Expected common stock volatility 55.59 % 55.59 % 40.84 % 35.71 % Expected life 7 years 5.5 years 7 years 5.5 years A summary of SAR and option activity during 2019, 2020 and 2021 is as follows: Weighted Average Dollars in thousands, except per share amounts SARs/Options Aggregate Remaining Contractual Term (Yrs.) Exercise Price Outstanding, December 31, 2018 232,091 $ 17.36 Granted 138,125 23.94 Exercised (31,613) 11.83 Forfeited — — Expired (7,900) 25.83 Outstanding, December 31, 2019 330,703 $ 20.44 Granted — — Exercised (1,400) 12.01 Forfeited — — Expired (100) 18.26 Outstanding, December 31, 2020 329,203 $ 20.47 Granted 177,489 21.85 Exercised (14,900) 8.92 Forfeited — — Expired — — Outstanding, December 31, 2021 491,792 $ 3,014 6.94 $ 21.32 Exercisable Options/SARs: December 31, 2021 204,116 $ 1,683 4.81 $ 19.20 December 31, 2020 177,875 1,118 5.27 $ 17.07 December 31, 2019 104,889 1,203 5.74 $ 15.62 The total intrinsic value of options and SARs exercised in 2021, 2020 and 2019 was $255,000, $9,000 and $442,000, respectively. The total fair value of options and SARs vested during 2021, 2020 and 2019 was $396,000, $596,000 and $396,000, respectively. Grants of RSUs include time-based vesting conditions that generally vest ratably over a period of 3 to 5 years. During 2021, we granted 1,500 RSUs which will vest ratably over 3 years. During 2020, we granted 2,763 RSUs which will fully vest on the two years anniversary of the grant date and 10,995 RSUs which will vest ratably over 4 years. During 2019, we granted 2,892 RSUs which will vest ratably over 3 years. A summary of our RSU activity and related information is as follows. Dollars in thousands, except per share amounts RSUs Weighted Average Grant Date Fair Value Nonvested, December 31, 2019 2,892 $ 25.93 Granted 13,758 19.63 Forfeited — — Vested (964) 25.93 Nonvested, December 31, 2020 15,686 20.40 Granted 1,500 27.63 Forfeited — — Vested (4,171) 20.38 Nonvested, December 31, 2021 13,015 $ 21.24 Total stock compensation expense for all share-based arrangements totaled $646,000, $527,000 and $590,000 for the years ended December 31, 2021, 2020 and 2019, respectively, and the related income tax benefits recognized in 2021, 2020 and 2019 were $155,000, $127,000 and $142,000 respectively. We recognize compensation expense based on the estimated number of stock awards expected to actually vest, exclusive of the awards expected to be forfeited. At December 31, 2021, our total unrecognized compensation expense related to all nonvested awards not yet recognized totaled $2.22 million and on a weighted- average basis, will be recognized over the next 2.21 years. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | COMMITMENTS AND CONTINGENCIES Off-Balance Sheet Arrangements We are a party to certain financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of our customers. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the statement of financial position. The contract amounts of these instruments reflect the extent of involvement that we have in this class of financial instruments. Many of our lending relationships contain both funded and unfunded elements. The funded portion is reflected on our balance sheet. The unfunded portion of these commitments is not recorded on our balance sheet until a draw is made under the loan facility. Since many of the commitments to extend credit may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash flow requirements. A summary of the total unfunded, or off-balance sheet, credit extension commitments follows: Dollars in thousands December 31, December 31, Commitments to extend credit: Revolving home equity and credit card lines $ 97,540 $ 90,125 Construction loans 265,056 135,841 Other loans 325,897 308,290 Standby letters of credit 22,859 15,124 Total $ 711,352 $ 549,380 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. We evaluate each customer's credit worthiness on a case-by-case basis. The amount of collateral obtained, if we deem necessary upon extension of credit, is based on our credit evaluation. Collateral held varies but may include accounts receivable, inventory, equipment or real estate. Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. Standby letters of credit generally are contingent upon the failure of the customer to perform according to the terms of the underlying contract with the third party and generally are of a term of no greater than one year. Our exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of 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. Allowance For Credit Losses - Off-Balance-Sheet Credit Exposures The ACL on off-balance-sheet credit exposures is a liability account, calculated in accordance with ASC 326, representing expected credit losses over the contractual period for which we are exposed to credit risk resulting from a contractual obligation to extend credit. No allowance is recognized if we have the unconditional right to cancel the obligation. Off-balance-sheet credit exposures primarily consist of amounts available under outstanding lines of credit and letters of credit detailed in the table above. For the period of exposure, the estimate of expected credit losses considers both the likelihood that funding will occur and the amount expected to be funded over the estimated remaining life of the commitment or other off-balance-sheet exposure. The likelihood and expected amount of funding are based on historical utilization rates. The amount of the allowance represents management's best estimate of expected credit losses on commitments expected to be funded over the contractual life of the commitment. Estimating credit losses on amounts expected to be funded uses the same methodology as described for loans in Note 7. The provision for credit losses on unfunded commitments was $3.09 million and $1.76 million for the years ended December 31, 2021 and 2020. The ACL on off-balance sheet credit exposures totaled $7.28 million and $4.19 million for the year ended December 31, 2021 and 2020. The impact to the ACL on off-balance sheet credit exposures upon adoption of ASC 326 effective January 1, 2020 was $2.43 million. Employment Agreements We have various employment agreements with our executive officers and other key employees. These agreements contain change in control provisions that would entitle the officers to receive compensation in the event there is a change in control in the Company (as defined) and a termination of their employment without cause (as defined). Legal Contingencies We are not a party to any other litigation except for matters that arise in the normal course of business. While it is impossible to ascertain the ultimate resolution or range of financial liability, if any, with respect to these contingent matters, in the opinion of management, the outcome of these matters will not have a significant adverse effect on the consolidated financial statements. |
Preferred Stock
Preferred Stock | 12 Months Ended |
Dec. 31, 2021 | |
Text Block [Abstract] | |
Preferred Stock | PREFERRED STOCKIn April 2021, we sold through a private placement 1,500 shares or $15.0 million of Series 2021 6% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, $1.00 par value, with a liquidation preference of $10,000 per share (the “Preferred Stock”). The Preferred Stock is non-convertible and will pay noncumulative dividends, if and when declared by the Summit board of directors, at a rate of 6.0% per annum. Dividends declared will be payable quarterly in arrears on the 15th day of March, June, September and December of each year. |
Regulatory Matters
Regulatory Matters | 12 Months Ended |
Dec. 31, 2021 | |
Banking Regulation, Total Capital [Abstract] | |
Regulatory Matters | REGULATORY MATTERS The primary source of funds for our dividends paid to our shareholders is dividends received from our subsidiaries. Dividends paid by the subsidiary bank are subject to restrictions by banking law and regulations and require approval by the Bank’s regulatory agency if dividends declared in any year exceed the bank’s current year's net income, as defined, plus its retained net profits of the two preceding years. During 2022, the Bank will have $70.8 million plus net income for the interim periods through the date of declaration, available for dividends for distribution to us. Our subsidiary bank may be required to maintain reserve balances with the Federal Reserve Bank. The required reserve balance was zero at December 31, 2021 and 2020. Our bank subsidiary, Summit Community Bank, Inc. (“Summit Community”), is subject to various regulatory capital requirements administered by the banking regulatory agencies. Under the capital adequacy guidelines and the regulatory framework for prompt corrective action, Summit Community must meet specific capital guidelines that involve quantitative measures of its assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. Our bank subsidiary’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require Summit Community to maintain minimum amounts and ratios of Common Equity Tier 1("CET1"), Total capital and Tier I capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier I capital (as defined) to average assets (as defined). We believe, as of December 31, 2021, 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. In December 2018, the federal bank regulatory agencies approved a final rule modifying their regulatory capital rules to provide an option to phase-in over a period of three years the day-one regulatory capital effects of the implementation of ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments . We elected to this optional phase-in period upon adoption of the ASU effective January 1, 2020. The following tables present Summit's, as well as Summit Community's, actual and required minimum regulatory capital amounts and ratios as of December 31, 2021 and December 31, 2020. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended. Actual Minimum Required Capital - Basel III Minimum Required To Be Well Capitalized Dollars in thousands Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021 CET1 (to risk weighted assets) Summit $ 257,122 8.4 % $ 214,268 7.0 % N/A N/A Summit Community 364,125 11.9 % 214,191 7.0 % 198,892 6.5 % Tier I Capital (to risk weighted assets) Summit 291,042 9.5 % 260,406 8.5 % N/A N/A Summit Community 364,125 11.9 % 260,089 8.5 % 244,790 8.0 % Total Capital (to risk weighted assets) Summit 420,045 13.8 % 319,599 10.5 % N/A N/A Summit Community 390,236 12.8 % 320,115 10.5 % 304,872 10.0 % Tier I Capital (to average assets) Summit 291,042 8.3 % 140,261 4.0 % N/A N/A Summit Community 364,125 10.4 % 140,048 4.0 % 175,060 5.0 % As of December 31, 2020 CET1 (to risk weighted assets) Summit 233,768 9.3 % N/A N/A N/A N/A Summit Community 279,540 11.1 % 176,286 7.0 % 163,695 6.5 % Tier I Capital (to risk weighted assets) Summit 252,768 10.0 % N/A N/A N/A N/A Summit Community 279,540 11.1 % 214,062 8.5 % 201,470 8.0 % Total Capital (to risk weighted assets) Summit 305,309 12.1 % N/A N/A N/A N/A Summit Community 302,716 12.0 % 264,877 10.5 % 252,263 10.0 % Tier I Capital (to average assets) Summit 252,768 8.6 % N/A N/A N/A N/A Summit Community 279,540 9.5 % 117,701 4.0 % 147,126 5.0 % |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2021 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | EARNINGS PER SHARE The computations of basic and diluted earnings per share follow: For the Year Ended December 31, 2021 2020 2019 Common Common Common Dollars in thousands, Income Shares Per Income Shares Per Income Shares Per except per share amounts (Numerator) (Denominator) Share (Numerator) (Denominator) Share (Numerator) (Denominator) Share Net income $ 45,738 $ 31,326 $ 31,866 Less preferred stock dividends (589) — — Basic EPS $ 45,149 12,943,883 $ 3.49 $ 31,326 12,935,430 $ 2.42 $ 31,866 12,516,474 $ 2.55 Effect of dilutive securities: Stock options 44 4,320 4,935 SARs 53,964 34,785 53,737 RSUs 5,537 850 — Diluted EPS $ 45,149 13,003,428 $ 3.47 $ 31,326 12,975,385 $ 2.41 $ 31,866 12,575,146 $ 2.53 Stock option and SAR grants are disregarded in this computation if they are determined to be anti-dilutive. At December 31, 2021, anti-dilutive SARs totaled 400,229. At December 31, 2020, our anti-dilutive options were 200 and our anti-dilutive SARs totaled 222,740. All outstanding stock options were dilutive and our anti-dilutive SARs totaled 222,740 at December 31, 2019. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income (Loss) (Notes) | 12 Months Ended |
Dec. 31, 2021 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Comprehensive Income (Loss) Note [Text Block] | NOTE 21. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following are the changes in accumulated other comprehensive income (loss) by component, net of tax, for the years ended December 31, 2021, 2020 and 2019. December 31, 2021 Dollars in thousands Gains and Losses on Pension Plan Gains on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains and Losses on Debt Securities Available for Sale Unrealized Losses on Securities Fair Value Hedge Total Beginning balance $ (199) $ (40) $ (1,132) $ 6,816 $ — $ 5,445 Other comprehensive income (loss) before reclassification, net of tax 229 49 5,125 (4,625) (418) 360 Amounts reclassified from accumulated other comprehensive income, net of tax — — — (323) — (323) Net current period other comprehensive income (loss) 229 49 5,125 (4,948) (418) 37 Ending balance $ 30 $ 9 $ 3,993 $ 1,868 $ (418) $ 5,482 December 31, 2020 Dollars in thousands Gains and Losses on Pension Plan Gains on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains and Losses on Debt Securities Available for Sale Total Beginning balance $ (140) $ 48 $ (518) $ 3,145 $ 2,535 Other comprehensive income (loss) before reclassification, net of tax (59) (88) (614) 6,310 5,549 Amounts reclassified from accumulated other comprehensive income (loss), net of tax — — — (2,639) (2,639) Net current period other comprehensive income (loss) (59) (88) (614) 3,671 2,910 Ending balance $ (199) (40) $ (1,132) $ 6,816 $ 5,445 December 31, 2019 Dollars in thousands Gains and Losses on Pension Plan Gains on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains and Losses on Available-for-Sale Securities Total Beginning balance $ — $ 139 $ (314) $ (841) $ (1,016) Other comprehensive income (loss) before reclassification, net of tax (140) (91) (204) 5,459 5,024 Amounts reclassified from accumulated other comprehensive income (loss), net of tax — — — (1,473) (1,473) Net current period other comprehensive income (loss) (140) (91) (204) 3,986 3,551 Ending balance $ (140) $ 48 $ (518) $ 3,145 $ 2,535 |
Revenue Recognition Revenue fro
Revenue Recognition Revenue from Contracts with Customers | 12 Months Ended |
Dec. 31, 2021 | |
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. 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 and they are included on the line item Other in Noninterest income of consolidated statements of income. The following table illustrates our total non-interest income segregated by revenues within the scope of ASC Topic 606 and those which are within the scope of other ASC Topics: For the Year Ended December 31, Dollars in thousands 2021 2020 2019 Service fees on deposit accounts $ 5,032 $ 4,588 $ 5,094 Bank card revenue 5,896 4,494 3,536 Trust and wealth management fees 2,886 2,495 2,564 Other 626 567 2,203 Net revenue from contracts with customers 14,440 12,144 13,397 Non-interest income within the scope of other ASC topics 5,768 7,939 5,806 Total noninterest income $ 20,208 $ 20,083 $ 19,203 Gain or loss on sale of foreclosed properties is recorded when control of the property transfers to the buyer, which generally occurs at the time of transfer of the deed. If Summit finances the sale of a foreclosed property to the buyer, we assess whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the foreclosed property is derecognized and the gain or loss on sale is recorded upon transfer of control of the property to the buyer. For the years ended December 31, 2021, 2020 and 2019 net (losses)/gains on sales of foreclosed properties were ($7,000), ($323,000) and $88,000, respectively. |
Condensed Financial Statements
Condensed Financial Statements Of Parent Company | 12 Months Ended |
Dec. 31, 2021 | |
Condensed Financial Information Disclosure [Abstract] | |
Condensed Financial Statements of Parent Company | CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY Information relative to our parent company balance sheets at December 31, 2021 and 2020 and the related statements of income and cash flows for the years ended December 31, 2021, 2020 and 2019, are presented as follows: Balance Sheets December 31, Dollars in thousands 2021 2020 Assets Cash $ 14,279 $ 5,937 Investment in subsidiaries 419,557 327,354 Equity investments (at fair value) 20,202 — Other investments 7 7 Premises and equipment 129 97 Other assets 1,971 1,837 Total assets $ 456,145 $ 335,232 Liabilities and Shareholders' Equity Subordinated debentures, net $ 102,891 $ 29,364 Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 Other liabilities 6,192 4,699 Total liabilities 128,672 53,652 Preferred stock, $1.00 par value, authorized 250,000 shares; issued: 2021 - 1,500 shares 14,920 — Common stock and related surplus, $2.50 par value, authorized 20,000,000 shares; issued: 12,763,827 shares 2021, 12,985,708 shares 2020; outstanding: 12,743,125 shares 2021, 12,942,004 shares 2020 89,525 94,964 Unallocated common stock held by Employee Stock Ownership Plan - 2021 - 20,702 shares, 2020 - 43,704 shares (224) (472) Retained earnings 217,770 181,643 Accumulated other comprehensive income 5,482 5,445 Total shareholders' equity 327,473 281,580 Total liabilities and shareholders' equity $ 456,145 $ 335,232 Statements of Income For the Year Ended December 31, Dollars in thousands 2021 2020 2019 Income Dividends from subsidiaries $ 12,100 $ 10,000 $ 16,757 Other dividends and interest income 16 33 54 Gain on equity investments 202 — — Management and service fees from subsidiaries 1,920 1,856 1,542 Total income 14,238 11,889 18,353 Expense Interest expense 2,497 1,109 949 Operating expenses 3,736 3,306 3,755 Total expenses 6,233 4,415 4,704 Income before income taxes and equity in undistributed income of subsidiaries 8,005 7,474 13,649 Income tax (benefit) (830) (519) (276) Income before equity in undistributed income of subsidiaries 8,835 7,993 13,925 Equity in undistributed income of subsidiaries 36,903 23,333 17,941 Net income $ 45,738 $ 31,326 $ 31,866 Preferred stock dividends 589 — — Net income applicable to common shares $ 45,149 $ 31,326 $ 31,866 Statements of Cash Flows For the Year Ended December 31, Dollars in thousands 2021 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 45,738 $ 31,326 $ 31,866 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed net income of subsidiaries (36,903) (23,333) (17,941) Deferred tax benefit (164) (141) (18) Depreciation 46 57 50 Gain on equity investments (202) — — Share-based compensation expense 244 211 274 Earnings on bank owned life insurance 4 1 — Decrease (increase) in other assets 163 (285) 491 Increase in other liabilities 584 977 807 Net cash provided by operating activities 9,510 8,813 15,529 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of equity investments (20,000) — — Investment in bank subsidiary (55,000) (25,000) — Purchases of premises and equipment (124) (9) (123) Proceeds from transfer of premises and equipment 47 — 53 Net cash used in investing activities (75,077) (25,009) (70) CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid on preferred stock (589) — — Dividends paid on common stock (9,022) (8,786) (7,361) Exercise of stock options 16 — 7 Proceeds from issuance of subordinated debt 75,000 30,000 — Purchase and retirement of common stock (6,710) (1,444) (10,405) Proceeds from issuance of preferred stock, net of issuance costs 14,920 — — Proceeds from issuance of common stock, net of issuance costs 294 178 159 Net cash provided by (used in) financing activities 73,909 19,948 (17,600) Increase (decrease) in cash 8,342 3,752 (2,141) Cash: Beginning 5,937 2,185 4,326 Ending $ 14,279 $ 5,937 $ 2,185 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash payments for: Interest $ 2,195 $ 1,145 $ 961 |
Basis of Presentation (Policies
Basis of Presentation (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Use of estimates | Use of estimates: We must make estimates and assumptions that affect the reported amounts and disclosures in preparing our financial statements in conformity with accounting principles generally accepted in the United States of America. Actual results could differ significantly from those estimates. |
Principles of consolidation | Principles of consolidation : The accompanying consolidated financial statements include the accounts of Summit and its wholly-owned subsidiary. All significant accounts and transactions among these entities have been eliminated. |
Comprehensive Income, Policy | Comprehensive income : Comprehensive income consists of net income and other comprehensive income. Other comprehensive income includes unrealized gains and losses on securities available for sale, cash flow hedges, other post-retirement benefits and pension plans, which are recognized as separate components of equity. |
Cash and cash equivalents | Cash and cash equivalents : Cash and cash equivalents includes cash on hand, amounts due from banks (including cash items in process of clearing), interest bearing deposits with other banks and federal funds sold. |
Finance, Loan and Lease Receivables, Held-for-sale, Policy | Loans held for sale : Loans held for sale are valued at the lower of aggregate carrying cost or fair value. Gains or losses realized on the sales of loans are recognized in other income at the time of sale. |
Cash surrender value of life insurance policies | Cash surrender value of life insurance policie s: We have purchased life insurance policies on certain employees. Company owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. |
Presentation of cash flows | Presentation of cash flows : For purposes of reporting, cash flows from demand deposits, NOW accounts, savings accounts and short-term borrowings are reported on a net basis, since their original maturities are less than three months. Cash flows from loans and certificates of deposit and other time deposits are reported net. |
Advertising | Advertising : |
Trust services | Trust services : Assets held in an agency or fiduciary capacity are not our assets and are not included in the accompanying consolidated balance sheets. Trust services income is recognized on the cash basis in accordance with customary banking practice. Reporting such income on a cash basis does not produce results that are materially different from those that would result from use of the accrual basis. |
Transfers and Servicing of Financial Assets, Transfers of Financial Assets, Sales, Policy [Policy Text Block] | Transfer of Financial Assets : |
Variable interest entities | Unconsolidated subsidiary trusts : In accordance with accounting principles generally accepted in the United States, we do not consolidate subsidiary trusts which issue guaranteed preferred beneficial interests in subordinated debentures (Trust Preferred Securities). The Trust Preferred Securities qualify as Tier 1 capital for regulatory purposes. See Note 13 of our Notes to Consolidated Financial Statements for a discussion of our subordinated debentures owed to unconsolidated subsidiary trusts. |
Acquisitions (Tables)
Acquisitions (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Business Combinations [Abstract] | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table details the total consideration paid on July 10, 2021 in connection with the acquisition of the MVB Bank branches, the fair values of the assets acquired and liabilities assumed and the resulting preliminary goodwill. (Dollars in thousands) As Recorded by MVB Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 9,807 Total consideration 9,807 Identifiable assets acquired: Cash and cash equivalents $ 946 $ — $ 946 Loans Purchased performing 53,440 478 53,918 Purchased credit deteriorated 488 (91) 397 Premises and equipment 3,431 (129) 3,302 Core deposit intangibles — 178 178 Other assets 260 — 260 Total identifiable assets acquired $ 58,565 $ 436 $ 59,001 Identifiable liabilities assumed: Deposits 163,081 959 164,040 Other liabilities 45 — 45 Total identifiable liabilities assumed $ 163,126 $ 959 $ 164,085 Net liabilities assumed $ (104,561) $ (523) $ (105,084) Net cash received from MVB 94,753 Preliminary goodwill resulting from acquisition $ 10,331 WinFirst Financial Corp. Acquisition On December 15, 2020, SCB acquired 100% of the ownership of WinFirst Financial Corp. ("WinFirst") and its subsidiary WinFirst Bank, headquartered in Winchester, Kentucky. Pursuant to the Agreement and Plan of Merger dated September 28, 2020, WinFirst's shareholders received $328.05 for each share of WinFirst common stock they owned, or approximately $21.7 million in the aggregate. With this transaction, Summit expanded its footprint into Kentucky. At acquisition, WinFirst's assets and liabilities approximated $143 million and $127 million, respectively. 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 WinFirst were recorded at their respective acquisition date fair values. The fair values of assets and liabilities 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 $6.73 million in connection with the acquisition (not deductible for income tax purposes), 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 10 years using an accelerated method which approximates the estimated run-off of the acquired deposits. The following table details the total consideration paid on December 15, 2020 in connection with the acquisition of WinFirst, the fair values of the assets acquired and liabilities assumed and the resulting preliminary goodwill. (Dollars in thousands) As Recorded by WinFirst Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 21,705 Total consideration 21,705 Identifiable assets acquired: Cash and cash equivalents $ 13,030 $ — $ 13,030 Securities available for sale, at fair value 1,613 19 1,632 Loans Purchased performing 123,754 (968) 122,786 Purchased credit deteriorated — — — Allowance for credit losses on loans (1,227) 1,227 — Premises and equipment 171 (27) 144 Property held for sale 196 (50) 146 Core deposit intangibles — 81 81 Other assets 5,898 477 6,375 Total identifiable assets acquired $ 143,435 $ 759 $ 144,194 Identifiable liabilities assumed: Deposits 103,599 1,065 104,664 Short-term borrowings 3,000 — 3,000 Long-term borrowings 20,585 697 21,282 Other liabilities 270 — 270 Total identifiable liabilities assumed $ 127,454 $ 1,762 $ 129,216 Net identifiable assets acquired $ 15,981 $ (1,003) $ 14,978 Goodwill resulting from acquisition $ 6,727 MVB Bank Branches Acquisition On April 24, 2020, SCB expanded its presence in the Eastern Panhandle of West Virginia by acquiring three MVB Bank locations in Berkeley County, West Virginia and one MVB Bank location in Jefferson County, West Virginia. Summit assumed certain deposit liabilities and other liabilities and acquired certain assets totaling approximately $188.2 million and $38.4 million, respectively. The purchase price, equaling the average daily closing balance of the deposits for the thirty (30) day period prior to the closing multiplied by 8.00%, totaled $13.0 million. This acquisition was determined to constitute a business combination in accordance with ASC 805, Business Combinations, and accordingly we accounted for the acquisition using the acquisition method of accounting, recording the assets and liabilities of MVB Bank at their acquisition date respective fair values. The fair values of assets and liabilities 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 $14.7 million in connection with the acquisition (deductible for income tax purposes), 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 10 years using an accelerated method which approximates the estimated run-off of the acquired deposits. The following table details the total consideration paid on April 24, 2020 in connection with the acquisition of the MVB Bank branches, the fair values of the assets acquired and liabilities assumed and the resulting preliminary goodwill. (Dollars in thousands) As Recorded by MVB Bank Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 12,965 Total consideration 12,965 Identifiable assets acquired: Cash and cash equivalents $ 800 $ — $ 800 Loans Purchased performing 35,127 (1,185) 33,942 Premises and equipment 2,376 (42) 2,334 Core deposit intangibles — 125 125 Other assets 114 — 114 Total identifiable assets acquired $ 38,417 $ (1,102) $ 37,315 Identifiable liabilities assumed: Deposits 188,134 598 188,732 Other liabilities 102 — 102 Total identifiable liabilities assumed $ 188,236 $ 598 $ 188,834 Net liabilities assumed $ (149,819) $ (1,700) $ (151,519) Net cash received from MVB Bank 136,854 Goodwill resulting from acquisition $ 14,665 Cornerstone Financial Services Inc. Acquisition On January 1, 2020, SCB acquired 100% of the ownership of Cornerstone Financial Services Inc. ("Cornerstone") and its subsidiary Cornerstone Bank, headquartered in West Union, West Virginia. With this transaction, Summit further expands its footprint into the central region of West Virginia. Pursuant to the Agreement and Plan of Merger dated September 17, 2019, Cornerstone's shareholders received cash in the amount of $5,700.00 per share or 228 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 $15.4 million or 570,000 shares of Summit common stock and cash consideration was $14.3 million. Cornerstone's assets and liabilities approximated $195 million and $176 million, respectively, at December 31, 2019. 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 Cornerstone were recorded at their acquisition date respective 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. We recognized goodwill of $10.82 million in connection with the acquisition (not deductible for income tax purposes), which is not amortized for financial reporting purposes, but is subject to annual impairment testing or upon a triggering event. 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 10 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, 2020 in connection with the acquisition of Cornerstone, the fair values of the assets acquired and liabilities assumed and the resulting preliminary goodwill. (Dollars in thousands) As Recorded by Cornerstone Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 14,250 Stock consideration 15,441 Total consideration 29,691 Identifiable assets acquired: Cash and cash equivalents $ 60,284 $ — $ 60,284 Securities available for sale, at fair value 90,075 (47) 90,028 Loans Purchased performing 37,965 188 38,153 Purchased credit deteriorated 1,877 (569) 1,308 Allowance for credit losses on loans (312) 312 — Premises and equipment 806 (142) 664 Property held for sale 10 — 10 Core deposit intangibles — 717 717 Other assets 4,324 (74) 4,250 Total identifiable assets acquired $ 195,029 $ 385 $ 195,414 Identifiable liabilities assumed: Deposits 173,027 239 173,266 Other liabilities 3,286 (7) 3,279 Total identifiable liabilities assumed $ 176,313 $ 232 $ 176,545 Net identifiable assets acquired $ 18,716 $ 153 $ 18,869 Goodwill resulting from acquisition $ 10,822 |
Schedule of Carrying Amount of Purchased Credit Deteriorated Financing Receivables | The carrying amount of these loans at acquisition is as follows: For the Year Ended December 31, Dollars in thousands 2021 2020 Purchase price of PCD loans at acquisition $ 488 $ 12,649 Allowance for credit losses - loans at acquisition 91 796 Non-credit discount at acquisition (2) 568 Par value of PCD loans at acquisition 399 11,285 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis. Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2021 Level 1 Level 2 Level 3 Debt securities available for sale U.S. Government sponsored agencies $ 36,629 $ — $ 36,629 $ — Mortgage backed securities: Government sponsored agencies 62,211 — 62,211 — Nongovernment sponsored entities 26,586 — 26,586 — State and political subdivisions 137,786 — 137,786 — Corporate debt securities 30,278 — 30,278 — Asset-backed securities 24,883 — 24,883 — Tax-exempt state and political subdivisions 82,730 — 82,730 — Total debt securities available for sale $ 401,103 $ — $ 401,103 $ — Derivative financial assets Interest rate caps $ 11,187 $ — $ 11,187 $ — Derivative financial liabilities Interest rate swaps $ 1,124 $ — $ 1,124 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2020 Level 1 Level 2 Level 3 Debt securities available for sale U.S. Government sponsored agencies $ 35,157 $ — $ 35,157 $ — Mortgage backed securities: Government sponsored agencies 59,046 — 59,046 — Nongovernment sponsored entities 16,687 — 16,687 — State and political subdivisions 50,905 — 50,905 — Corporate debt securities 26,427 — 26,427 — Asset-backed securities 46,126 — 46,126 — Tax-exempt state and political subdivisions 51,779 — 51,779 — Total debt securities available for sale $ 286,127 $ — $ 286,127 $ — Derivative financial assets Interest rate caps $ 6,653 $ — $ 6,653 $ — Derivative financial liabilities Interest rate swaps $ 2,747 $ — $ 2,747 $ — |
Fair Value Measurements, Nonrecurring | Loans Held for Sale: Loans held for sale are carried at the lower of cost or fair value. The fair value of loans held for sale is based on what secondary markets are currently offering for portfolios with similar characteristics. As such, we classify loans subject to nonrecurring fair value adjustments as Level 2. Collateral Dependent Loans with an ACLL: In accordance with ASC 326 effective January 1, 2020, we may determine that an individual loan exhibits unique risk characteristics which differentiate it from other loans within our loan pools. In such cases, the loans are evaluated for expected credit losses on an individual basis and excluded from the collective evaluation. Specific allocations of the allowance for credit losses are determined by analyzing the borrower’s ability to repay amounts owed, collateral deficiencies, the relative risk grade of the loan and economic conditions affecting the borrower’s industry, among other things. A loan is considered to be collateral dependent when, based upon management's assessment, the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. In such cases, expected credit losses are based on the fair value of the collateral at the measurement date, adjusted for estimated selling costs if satisfaction of the loan depends on the sale of the collateral. We reevaluate the fair value of collateral supporting collateral dependent loans on a quarterly basis. The fair value of real estate collateral supporting collateral dependent loans is evaluated by appraisal services using a methodology that is consistent with the Uniform Standards of Professional Appraisal Practice. Prior to adoption of ASC 326, we did not record loans at fair value on a recurring basis. However, from time to time, a loan was considered impaired and an allowance for credit loss was established. Loans for which it is probable that payment of interest and principal will not be made in accordance with the original contractual terms of the loan agreement were considered impaired. Once a loan was identified as individually impaired, management measured impairment using one of several methods, including collateral value, liquidation value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the discounted cash flows or collateral value exceeded the recorded investments in such loans. These loans were carried at recorded loan investment and therefore are not included in the following tables of loans measured at fair value. Impaired loans internally graded as substandard or doubtful were evaluated using the fair value of collateral method. All other impaired loans were measured for impairment using the discounted cash flows method. Impaired loans where an allowance is established based on the fair value of collateral were included in the fair value hierarchy. When the fair value of the collateral was based on an observable market price or a current appraised value, we recorded the impaired loan as nonrecurring Level 2. When a current appraised value was not available and there was no observable market price, we recorded the impaired loan as nonrecurring Level 3. When impaired loans were deemed required to be included in the fair value hierarchy, management immediately began the process of evaluating the estimated fair value of the underlying collateral to determine if a related specific allowance for credit losses or charge-off is necessary. Current appraisals were ordered once a loan was deemed impaired if the existing appraisal was more than twelve months old, or more frequently if there was known deterioration in value. For recently identified impaired loans, a current appraisal may not have been available at the financial statement date. Until the current appraisal was obtained, the original appraised value was discounted, as appropriate, to compensate for the estimated depreciation in the value of the loan’s underlying collateral since the date of the original appraisal. Such discounts were generally estimated based upon management’s knowledge of sales of similar collateral within the applicable market area and its knowledge of other real estate market-related data as well as general economic trends. When a new appraisal was received (which was generally within 3 months of a loan being identified as impaired), management then re-evaluated the fair value of the collateral and adjusted any specific allocated allowance for credit losses on loans, as appropriate. In addition, management also assigned a discount of 7–10% for the estimated costs to sell the collateral. Property Held for Sale: Property held for sale consists of real estate acquired in foreclosure or other settlement of loans. Foreclosed assets are initially recorded at fair value, less estimated selling costs, when acquired establishing a new cost basis. Such assets are carried on the balance sheet at the lower of the investment in the real estate or its fair value less estimated selling costs. The fair value of foreclosed properties is determined on a nonrecurring basis generally utilizing current appraisals performed by an independent, licensed appraiser applying an income or market value approach using observable market data (Level 2). Updated appraisals of foreclosed properties are generally obtained if the existing appraisal is more than 18 months old or more frequently if there is a known deterioration in value. However, if a current appraisal is not available, the original appraised value is discounted, as appropriate, to compensate for the estimated depreciation in the value of the real estate since the date of its original appraisal. Such discounts are generally estimated based upon management’s knowledge of sales of similar property within the applicable market area and its knowledge of other real estate market-related data as well as general economic trends (Level 3). Upon foreclosure, any fair value adjustment is charged against the allowance for credit losses on loans. Subsequent fair value adjustments are recorded in the period incurred and included in other noninterest expense in the consolidated statements of income. Assets measured at fair value on a nonrecurring basis are included in the tables below. Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2021 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 227 $ — $ 227 $ — Collateral-dependent loans with an ACLL Commercial real estate $ 2,417 $ — $ 2,417 $ — Construction and development 693 — 693 — Residential real estate 528 — 528 — Total collateral-dependent loans with an ACLL $ 3,638 $ — $ 3,638 $ — Property held for sale Commercial real estate $ 1,170 $ — $ 1,170 $ — Construction and development 7,893 — 7,893 — Residential real estate 27 — 27 — Total property held for sale $ 9,090 $ — $ 9,090 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2020 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 1,998 $ — $ 1,998 $ — Collateral-dependent impaired loans Commercial $ 8 — $ 8 $ — Commercial real estate 9,914 — 9,914 — Construction and development 1,576 — 1,576 — Residential real estate 597 — 597 — Total collateral-dependent impaired loans $ 12,095 $ — $ 12,095 $ — Property held for sale Commercial real estate $ 1,557 $ — $ 1,557 $ — Construction and development 11,595 — 10,974 621 Residential real estate 476 — 476 — Total property held for sale $ 13,628 $ — $ 13,007 $ 621 |
Fair Value, by Balance Sheet Grouping | The following tables present the carrying amount, fair value, and placement in the fair value hierarchy of our financial instruments as of December 31, 2021 and December 31, 2020. At December 31, 2021 Fair Value Measurements Using: Dollars in thousands Carrying Estimated Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 78,458 $ 78,458 $ 21,006 $ 57,452 $ — Debt securities available for sale 401,103 401,103 — 401,103 — Debt securities held to maturity 98,060 101,242 — 101,242 — Equity investments 20,202 20,202 — 20,202 — Other investments 11,304 11,304 — 11,304 — Loans held for sale, net 227 227 — 227 — Loans, net 2,729,093 2,726,959 — 3,638 2,723,321 Accrued interest receivable 10,578 10,578 — 10,578 — Cash surrender value of life insurance policies and 60,613 60,613 — 60,613 — Derivative financial assets 11,187 11,187 — 11,187 — $ 3,420,825 $ 3,421,873 $ 21,006 $ 677,546 $ 2,723,321 Financial liabilities Deposits $ 2,943,089 $ 2,944,722 $ — $ 2,944,722 $ — Short-term borrowings 140,146 140,146 — 140,146 — Long-term borrowings 679 795 — 795 — Subordinated debentures 102,891 103,623 — — 103,623 Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 788 788 — 788 — Derivative financial liabilities 1,124 1,124 — 1,124 — $ 3,208,306 $ 3,210,787 $ — $ 3,107,164 $ 103,623 At December 31 2020 Fair Value Measurements Using: Dollars in thousands Carrying Estimated Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 99,787 $ 99,787 $ 19,522 $ 80,265 $ — Debt securities available for sale 286,127 286,127 — 286,127 — Debt securities held to maturity 99,914 103,157 — 103,157 — Other investments 14,185 14,185 — 14,185 — Loans held for sale, net 1,998 1,998 — 1,998 — Loans, net 2,379,907 2,384,275 — 12,095 2,372,180 Accrued interest receivable 11,989 11,989 — 11,989 — Cash surrender value of life insurance policies and 59,438 59,438 — 59,438 — Derivative financial assets 6,653 6,653 — 6,653 — $ 2,959,998 $ 2,967,609 $ 19,522 $ 575,907 $ 2,372,180 Financial liabilities Deposits $ 2,595,651 $ 2,597,326 $ — $ 2,597,326 $ — Short-term borrowings 140,146 140,146 — 140,146 — Long-term borrowings 699 866 — 866 — Subordinated debentures 29,364 29,364 — 29,364 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 745 745 — 745 — Derivative financial liabilities 2,747 2,747 — 2,747 — $ 2,788,941 $ 2,790,783 $ — $ 2,790,783 $ — |
Securities (Tables)
Securities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Debt Securities, Available-for-Sale and Held-to-Maturity, after Allowance for Credit Loss [Abstract] | |
Summary Of Volume of State and Political Subdivision Securities Held in Portfolio | We own no such securities of any single issuer which we deem to be a concentration. December 31, 2021 Amortized Unrealized Dollars in thousands Cost Gains Losses Fair Value California $ 48,491 $ 772 $ 752 $ 48,511 Texas 23,343 437 379 23,401 Pennsylvania 14,144 553 51 14,646 Oregon 14,756 — 242 14,514 Washington 12,801 286 87 13,000 |
Schedule of Realized Gain (Loss) | The proceeds from sales, calls and maturities of available for sale securities, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized are as follows: Dollars in thousands Proceeds from Gross realized Calls and Principal Years ended December 31, Sales Maturities Payments Gains Losses 2021 $ 64,932 $ 8,070 $ 29,869 $ 1,210 $ 785 2020 124,809 3,525 24,654 3,489 17 2019 142,423 1,871 22,870 2,270 332 |
Investments Classified by Contractual Maturity Date | The maturities, amortized cost and estimated fair values of securities available for sale at December 31, 2021, are summarized as follows: Dollars in thousands Amortized Fair Value Due in one year or less $ 35,994 $ 36,145 Due from one to five years 82,985 84,082 Due from five to ten years 61,419 61,702 Due after ten years 218,245 219,174 Total $ 398,643 $ 401,103 |
Schedule of Unrealized Loss on Investments | Provided below is a summary of debt securities available for sale which were in an unrealized loss position and for which an allowance for credit losses has not been recorded at December 31, 2021 and 2020. 2021 Less than 12 months 12 months or more Total Dollars in thousands # of securities in loss position Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Taxable debt securities U.S. Government agencies and corporations 41 $ 6,630 $ 23 $ 21,061 $ 337 $ 27,691 $ 360 Residential mortgage-backed Government-sponsored agencies 19 19,828 376 6,886 212 26,714 588 Nongovernment-sponsored entities 6 4,345 61 7,591 218 11,936 279 State and political subdivisions: General obligations 41 62,543 1,286 1,055 37 63,598 1,323 Lease revenues 2 1,564 14 494 12 2,058 26 Income tax revenues 1 721 3 — — 721 3 Sales tax revenues 2 6,052 99 — — 6,052 99 Various tax revenues 5 8,389 203 — — 8,389 203 Utility revenues 3 5,175 130 — — 5,175 130 Other revenues 1 744 9 — — 744 9 Corporate debt securities 10 10,534 314 990 10 11,524 324 Asset-backed securities 8 10,522 86 751 1 11,273 87 Tax-exempt debt securities State and political subdivisions: General obligations 13 25,555 261 853 9 26,408 270 Water and sewer revenues 1 904 15 — — 904 15 Lease revenues 1 2,396 31 — — 2,396 31 Other revenues 3 3,558 15 156 1 3,714 16 Total 157 $ 169,460 $ 2,926 $ 39,837 $ 837 $ 209,297 $ 3,763 2020 Less than 12 months 12 months or more Total Dollars in thousands # of securities in loss position Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Taxable debt securities U.S. Government agencies and corporations 36 $ 12,611 $ 54 $ 14,384 $ 340 $ 26,995 $ 394 Residential mortgage-backed Government-sponsored agencies 10 3,127 34 8,593 315 11,720 349 Nongovernment-sponsored entities 6 6,770 35 2,751 209 9,521 244 State and political subdivisions: General obligations 1 362 4 — — 362 4 Corporate debt securities 6 3,952 16 1,904 96 5,856 112 Asset-backed securities 16 2,010 2 31,862 623 33,872 625 Tax-exempt debt securities State and political subdivisions: General obligations 1 924 9 — — 924 9 Other revenues 2 415 1 151 7 566 8 Total 78 $ 30,171 $ 155 $ 59,645 $ 1,590 $ 89,816 $ 1,745 |
Debt Securities, Held-to-maturity | The amortized cost, unrealized gains, unrealized losses and estimated fair values of debt securities held to maturity at December 31, 2021 and 2020 are summarized as follows: December 31, 2021 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Debt Securities Held to Maturity Tax-exempt debt securities State and political subdivisions General obligations $ 71,807 $ 2,583 $ — $ 74,390 Water and sewer revenues 8,192 210 — 8,402 Lease revenues 4,316 74 — 4,390 Sales tax revenues 4,582 106 — 4,688 Other revenues 9,163 214 5 9,372 Total Debt Securities Held to Maturity $ 98,060 $ 3,187 $ 5 $ 101,242 December 31, 2020 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Debt Securities Held to Maturity Tax-exempt debt securities State and political subdivisions General obligations $ 73,179 $ 2,524 $ — $ 75,703 Water and sewer revenues 8,375 256 — 8,631 Lease revenues 4,395 88 — 4,483 Sales tax revenues 4,649 94 3 4,740 Other revenues 9,316 309 25 9,600 Total Debt Securities Held to Maturity $ 99,914 $ 3,271 $ 28 $ 103,157 |
Summary of Volume of State and Political Subdivision Securities Held to Maturity | The below information is relative to the five states where issuers with the highest volume of state and political subdivision securities held in our held to maturity portfolio are located. We own no such securities of any single issuer which we deem to be a concentration. December 31, 2021 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Texas $ 15,400 $ 551 $ — $ 15,951 California 9,875 344 — 10,219 Pennsylvania 8,634 332 — 8,966 Florida 7,596 212 — 7,808 Michigan 7,034 181 4 7,211 |
Held to Maturity Securities by Credit Rating | The following table displays the amortized cost of held to maturity securities by credit rating at December 31, 2021 and 2020. December 31, 2021 Dollars in thousands AAA AA A BBB Below Investment Grade Tax-exempt state and political subdivisions $ 15,450 $ 75,119 $ 7,491 $ — $ — December 31, 2020 Dollars in thousands AAA AA A BBB Below Investment Grade Tax-exempt state and political subdivisions $ 15,735 $ 76,585 $ 7,594 $ — $ — |
Held to Maturity Investments Classified by Contractual Maturity Date | The maturities, amortized cost and estimated fair values of debt securities held to maturity at December 31, 2021, are summarized as follows: Dollars in thousands Amortized Estimated Due in one year or less $ — $ — Due from one to five years — — Due from five to ten years 1,996 2,024 Due after ten years 96,064 99,218 Total $ 98,060 $ 101,242 |
Marketable Securities | The amortized cost, unrealized gains, unrealized losses and estimated fair values of debt securities available for sale at December 31, 2021 and 2020, are summarized as follows: December 31, 2021 Amortized Unrealized Dollars in thousands Cost Gains Losses Fair Value Debt Securities Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 36,820 $ 169 $ 360 $ 36,629 Residential mortgage-backed securities: Government-sponsored agencies 61,646 1,153 588 62,211 Nongovernment-sponsored entities 26,839 26 279 26,586 State and political subdivisions General obligations 78,627 377 1,323 77,681 Water and sewer revenues 9,839 294 — 10,133 Lease revenues 6,401 215 26 6,590 Income tax revenues 6,487 250 3 6,734 Sales tax revenues 6,909 19 99 6,829 Various tax revenues 13,031 218 203 13,046 Utility revenues 7,153 137 130 7,160 Other revenues 9,291 331 9 9,613 Corporate debt securities 30,524 78 324 30,278 Asset-backed securities 24,873 97 87 24,883 Total taxable debt securities 318,440 3,364 3,431 318,373 Tax-exempt debt securities State and political subdivisions General obligations 47,583 1,526 270 48,839 Water and sewer revenues 10,618 375 15 10,978 Lease revenues 7,974 553 31 8,496 Other revenues 14,028 405 16 14,417 Total tax-exempt debt securities 80,203 2,859 332 82,730 Total debt securities available for sale $ 398,643 $ 6,223 $ 3,763 $ 401,103 December 31, 2020 Amortized Unrealized Dollars in thousands Cost Gains Losses Fair Value Debt Securities Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 35,190 $ 361 $ 394 $ 35,157 Residential mortgage-backed securities: Government-sponsored agencies 57,399 1,996 349 59,046 Nongovernment-sponsored entities 16,799 132 244 16,687 State and political subdivisions General obligations 15,065 804 4 15,865 Water and sewer revenues 10,176 620 — 10,796 Lease revenues 4,825 341 — 5,166 College and university revenues 3,022 315 — 3,337 Income tax revenues 5,052 376 — 5,428 Other revenues 9,406 907 — 10,313 Corporate debt securities 26,483 56 112 26,427 Asset-backed securities 46,579 172 625 46,126 Total taxable debt securities 229,996 6,080 1,728 234,348 Tax-exempt debt securities State and political subdivisions General obligations 22,213 2,416 9 24,620 Water and sewer revenues 8,266 709 — 8,975 Lease revenues 7,195 799 — 7,994 Other revenues 9,487 711 8 10,190 Total tax-exempt debt securities 47,161 4,635 17 51,779 Total debt securities available for sale $ 277,157 $ 10,715 $ 1,745 $ 286,127 |
Loans (Tables)
Loans (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Loans and Leases Receivable Disclosure [Abstract] | |
Summary Of Loans, Net Of Unearned Fees | The following table presents the amortized cost of loans held for investment: Dollars in thousands 2021 2020 Commercial $ 365,301 $ 306,885 Commercial real estate - owner occupied Professional & medical 150,759 107,151 Retail 190,304 126,451 Other 143,645 118,258 Commercial real estate - non-owner occupied Hotels & motels 128,450 121,502 Mini-storage 59,045 60,550 Multifamily 233,157 175,988 Retail 162,758 135,405 Other 282,621 192,120 Construction and development Land & land development 100,805 107,342 Construction 146,038 91,100 Residential 1-4 family real estate Personal residence 262,805 305,093 Rental - small loan 121,989 120,426 Rental - large loan 79,108 74,185 Home equity 72,112 81,588 Mortgage warehouse lines 227,869 251,810 Consumer 31,923 33,906 Other Credit cards 1,891 1,855 Overdrafts 811 538 Total loans, net of unearned fees 2,761,391 2,412,153 Less allowance for credit losses - loans 32,298 32,246 Loans, net $ 2,729,093 $ 2,379,907 |
Schedule Of Loan Maturities | The following presents loan maturities at December 31, 2021: Within After 1 but After 5 but After Dollars in thousands 1 Year within 5 Years within 15 Years 15 Years Commercial $ 140,478 $ 144,002 $ 75,250 $ 5,571 Commercial real estate - owner occupied Professional & medical 2,728 55,306 53,762 38,963 Retail 6,802 17,896 123,837 41,769 Other 3,597 15,537 44,704 79,807 Commercial real estate - non-owner occupied Hotels & motels 7,531 24,698 34,939 61,282 Mini-storage 21 1,244 19,327 38,453 Multifamily 4,384 67,778 56,538 104,457 Retail 6,933 34,230 72,054 49,541 Other 2,766 102,906 126,530 50,419 Construction and development Land & land development 34,242 32,108 18,318 16,137 Construction 31,665 47,437 32,279 34,657 Residential 1-4 family real estate Personal residence 2,437 9,146 67,853 183,369 Rental - small loan 7,101 8,163 42,477 64,248 Rental - large loan 4,302 9,828 16,520 48,458 Home equity 141 3,239 13,269 55,463 Mortgage warehouse lines 227,869 — — — Consumer 2,861 22,768 6,100 194 Other Credit cards 1,891 — — — Overdrafts 811 — — — $ 488,560 $ 596,286 $ 803,757 $ 872,788 Loans due after one year with: Variable rates $ 1,439,286 Fixed rates 833,545 $ 2,272,831 |
Financing Receivable, Past Due | The following tables present the contractual aging of the amortized cost basis of past due loans by class. At December 31, 2021 Past Due 90 days or more and Accruing Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current Commercial $ 736 $ 15 $ 613 $ 1,364 $ 363,937 $ — Commercial real estate - owner occupied Professional & medical 409 — — 409 150,350 — Retail — 405 144 549 189,755 — Other 208 — 150 358 143,287 — Commercial real estate - non-owner occupied Hotels & motels — — — — 128,450 — Mini-storage 2 — — 2 59,043 — Multifamily — — 55 55 233,102 — Retail 66 — 338 404 162,354 — Other — — — — 282,621 — Construction and development Land & land development 38 7 962 1,007 99,798 — Construction — — — — 146,038 — Residential 1-4 family real estate Personal residence 2,283 1,211 1,384 4,878 257,927 — Rental - small loan 429 247 1,093 1,769 120,220 — Rental - large loan — — — — 79,108 — Home equity 236 80 175 491 71,621 — Mortgage warehouse lines — — — — 227,869 — Consumer 98 101 7 206 31,717 — Other Credit cards 12 10 4 26 1,865 4 Overdrafts — — — — 811 — Total $ 4,517 $ 2,076 $ 4,925 $ 11,518 $ 2,749,873 $ 4 At December 31, 2020 Past Due 90 days or more and Accruing Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current Commercial $ 60 $ — $ 318 $ 378 $ 306,507 $ — Commercial real estate - owner occupied Professional & medical 220 — 457 677 106,474 — Retail 54 — 2,259 2,313 124,138 — Other — — 150 150 118,108 — Commercial real estate - non-owner occupied Hotels & motels — — — — 121,502 — Mini-storage — — — — 60,550 — Multifamily — — — — 175,988 — Retail — — 657 657 134,748 — Other — — 315 315 191,805 — Construction and development Land & land development 47 — 70 117 107,225 — Construction — — — — 91,100 — Residential 1-4 family real estate Personal residence 3,750 1,071 1,656 6,477 298,616 — Rental - small loan 1,129 487 719 2,335 118,091 — Rental - large loan 769 — — 769 73,416 — Home equity 758 — 197 955 80,633 — Mortgage warehouse lines — — — — 251,810 — Consumer 190 44 72 306 33,600 — Other Credit cards 5 — 2 7 1,848 2 Overdrafts — — — — 538 — Total $ 6,982 $ 1,602 $ 6,872 $ 15,456 $ 2,396,697 $ 2 |
Schedule of Financing Receivables, Non Accrual Status | The following tables present the nonaccrual loans included in the net balance of loans. December 31, December 31, 2021 2020 Dollars in thousands Nonaccrual Nonaccrual Nonaccrual Nonaccrual Commercial $ 740 $ 96 $ 525 $ — Commercial real estate - owner occupied Professional & medical — — 536 — Retail 775 — 12,193 2,258 Other 341 — 384 — Commercial real estate - non-owner occupied Hotels & motels 3,085 — — — Mini-storage — — — — Multifamily 55 — — — Retail 338 — 809 657 Other 9 — 315 — Construction and development Land & land development 1,560 — 70 — Construction — — 165 — Residential 1-4 family real estate Personal residence 2,504 — 3,424 — Rental - small loan 3,094 — 1,603 108 Rental - large loan — — — — Home equity 174 — 236 — Mortgage warehouse lines — — — — Consumer 17 — 73 — Other Credit cards — — — — Overdrafts — — — — Total $ 12,692 $ 96 $ 20,333 $ 3,023 |
Troubled Debt Restructurings on Financing Receivables | The following table presents by class the TDRs that were restructured during the years ended December 31, 2021 and 2020. 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. TDRs are evaluated individually for allowance for credit loss purposes if the loan balance exceeds $500,000, otherwise, smaller balance TDR loans are included in the pools to determine ACLL. 2021 2020 Dollars in thousands Number of Pre-modification Post-modification Number of Pre-modification Post-modification Commercial real estate - owner occupied Other — $ — $ — 1 $ 361 $ 361 Residential 1-4 family real estate Personal residence 4 294 294 1 48 48 Rental - small loan — — — 1 399 399 Total 4 $ 294 $ 294 3 $ 808 $ 808 |
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 prior 12 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. 2021 2020 Dollars in thousands Number Recorded Number Recorded Commercial real estate - owner occupied Other — $ — 1 $ 361 Residential 1-4 family real estate Personal residence 1 44 1 48 Rental - small loan — — 1 399 Total 1 $ 44 3 $ 808 |
Financing Receivable Credit Quality Indicators | As of December 31, 2021 and 2020, based on the most recent analysis performed, the risk category of loans based on year of origination is as follows: December 31, 2021 Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior Revolvi- Revolving- Term Total Commercial Pass $ 123,890 $ 36,339 $ 31,116 $ 5,549 $ 8,831 $ 14,061 $ 141,003 $ — $ 360,789 Special Mention 693 279 69 41 60 539 1,984 — 3,665 Substandard 135 45 110 48 18 7 484 — 847 Total Commercial 124,718 36,663 31,295 5,638 8,909 14,607 143,471 — 365,301 December 31, 2021 Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior Revolvi- Revolving- Term Total Commercial Real Estate Professional & medical Pass 72,417 11,869 7,046 4,595 22,939 27,905 2,366 — 149,137 Special Mention — 1,146 — — — 187 — — 1,333 Substandard — 72 — — 217 — — — 289 Total Professional & Medical 72,417 13,087 7,046 4,595 23,156 28,092 2,366 — 150,759 Retail Pass 78,780 29,749 33,114 8,813 9,318 25,296 2,464 — 187,534 Special Mention — — — — — 671 — — 671 Substandard — — 1,324 — 549 226 — — 2,099 Total Retail 78,780 29,749 34,438 8,813 9,867 26,193 2,464 — 190,304 Other Pass 32,805 30,897 13,216 16,716 7,501 38,796 2,782 — 142,713 Special Mention 59 — — — — 532 — — 591 Substandard — — — — — 303 38 — 341 Total Other 32,864 30,897 13,216 16,716 7,501 39,631 2,820 — 143,645 Total Commercial Real Estate - 184,061 73,733 54,700 30,124 40,524 93,916 7,650 — 484,708 Commercial Real Estate Hotels & motels Pass 1,736 3,313 32,634 15,949 6,953 20,308 7,531 — 88,424 Special Mention — — 36,941 — — — — — 36,941 Substandard — 2,830 — — — 255 — — 3,085 Total Hotels & Motels 1,736 6,143 69,575 15,949 6,953 20,563 7,531 — 128,450 Mini-storage Pass 13,294 7,641 9,218 14,209 4,506 10,109 21 — 58,998 Special Mention — — — — — 47 — — 47 Total Mini-storage 13,294 7,641 9,218 14,209 4,506 10,156 21 — 59,045 Multifamily Pass 55,367 39,105 45,016 23,665 14,629 51,155 3,372 — 232,309 Special Mention — 582 — — — 43 169 — 794 Substandard — — — — — 54 — — 54 Total Multifamily 55,367 39,687 45,016 23,665 14,629 51,252 3,541 — 233,157 Retail Pass 52,533 42,177 20,763 7,653 6,778 24,958 6,586 — 161,448 Special Mention — — — — — 972 — — 972 Substandard — — — — — 338 — — 338 Total Retail 52,533 42,177 20,763 7,653 6,778 26,268 6,586 — 162,758 Other Pass 107,962 82,846 14,211 8,443 11,421 51,587 2,620 — 279,090 Special Mention — — — 572 — — — — 572 Substandard — — — — — 2,959 — — 2,959 Total Other 107,962 82,846 14,211 9,015 11,421 54,546 2,620 — 282,621 Total Commercial Real Estate - 230,892 178,494 158,783 70,491 44,287 162,785 20,299 — 866,031 December 31, 2021 Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior Revolvi- Revolving- Term Total Construction and Development Land & land development Pass 26,671 14,050 20,275 5,627 2,927 21,875 6,721 — 98,146 Special Mention — 155 117 — — 591 — — 863 Substandard — — — — — 1,796 — — 1,796 Total Land & land development 26,671 14,205 20,392 5,627 2,927 24,262 6,721 — 100,805 Construction Pass 64,352 64,022 7,438 1,407 — — 8,320 — 145,539 Substandard — — — 329 — 170 — — 499 Total Construction 64,352 64,022 7,438 1,736 — 170 8,320 — 146,038 Total Construction and 91,023 78,227 27,830 7,363 2,927 24,432 15,041 — 246,843 Residential 1-4 Family Real Estate Personal residence Pass 39,637 34,962 18,974 18,784 14,597 115,384 — — 242,338 Special Mention — — 184 62 534 10,377 — — 11,157 Substandard — — 475 847 456 7,532 — — 9,310 Total Personal Residence 39,637 34,962 19,633 19,693 15,587 133,293 — — 262,805 Rental - small loan Pass 30,342 13,990 14,093 11,524 6,567 33,936 4,630 — 115,082 Special Mention 229 107 57 250 1 1,579 9 — 2,232 Substandard — 132 133 374 513 3,388 135 — 4,675 Total Rental - Small Loan 30,571 14,229 14,283 12,148 7,081 38,903 4,774 — 121,989 Rental - large loan Pass 34,558 14,069 5,971 5,283 2,790 11,776 1,078 — 75,525 Special Mention — — — — — 29 — — 29 Substandard — — — — — 3,554 — — 3,554 Total Rental - Large Loan 34,558 14,069 5,971 5,283 2,790 15,359 1,078 — 79,108 Home equity Pass 27 115 11 50 78 1,380 68,293 — 69,954 Special Mention — — — — — 94 1,399 — 1,493 Substandard — — — — — 407 258 — 665 Total Home Equity 27 115 11 50 78 1,881 69,950 — 72,112 Total Residential 1-4 Family Real 104,793 63,375 39,898 37,174 25,536 189,436 75,802 — 536,014 Mortgage warehouse lines Pass — — — — — — 227,869 — 227,869 Total Mortgage Warehouse Lines — — — — — — 227,869 — 227,869 Consumer Pass 14,134 6,333 4,444 1,767 540 1,691 902 — 29,811 Special Mention 904 381 210 66 87 53 11 — 1,712 Substandard 199 96 40 11 3 22 29 — 400 Total Consumer 15,237 6,810 4,694 1,844 630 1,766 942 — 31,923 December 31, 2021 Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior Revolvi- Revolving- Term Total Other Credit cards Pass 1,891 — — — — — — — 1,891 Total Credit Cards 1,891 — — — — — — — 1,891 Overdrafts Pass 811 — — — — — — — 811 Total Overdrafts 811 — — — — — — — 811 Total Other 2,702 — — — — — — — 2,702 Total $ 753,426 $ 437,302 $ 317,200 $ 152,634 $ 122,813 $ 486,942 $ 491,074 $ — $ 2,761,391 December 31, 2020 Dollars in thousands Risk Rating 2020 2019 2018 2017 2016 Prior Revolvi- Revolving- Term Total Commercial Pass $ 112,335 $ 46,323 $ 20,936 $ 16,723 $ 11,087 $ 12,336 $ 78,107 $ — $ 297,847 Special Mention 9 38 1,956 77 201 909 407 — 3,597 Substandard 1,039 177 215 29 40 56 3,885 — 5,441 Total Commercial 113,383 46,538 23,107 16,829 11,328 13,301 82,399 — 306,885 Commercial Real Estate Professional & medical Pass 19,454 16,414 2,540 26,578 3,322 28,905 3,079 — 100,292 Special Mention 1,171 — — — — 5,152 — — 6,323 Substandard 79 321 — — 136 — — — 536 Total Professional & Medical 20,704 16,735 2,540 26,578 3,458 34,057 3,079 — 107,151 Retail Pass 28,351 28,547 5,238 10,288 6,041 31,087 2,199 — 111,751 Special Mention — — — 432 3 824 — — 1,259 Substandard — 10,524 — 157 — 2,360 400 — 13,441 Total Retail 28,351 39,071 5,238 10,877 6,044 34,271 2,599 — 126,451 Other Pass 28,712 13,722 17,699 9,845 13,119 32,486 1,496 — 117,079 Special Mention — — — — — 694 — — 694 Substandard — — — — — 444 41 — 485 Total Other 28,712 13,722 17,699 9,845 13,119 33,624 1,537 — 118,258 Total Commercial Real Estate - 77,767 69,528 25,477 47,300 22,621 101,952 7,215 — 351,860 Commercial Real Estate Hotels & motels Pass 3,428 23,821 18,894 9,880 7,389 14,252 3,160 — 80,824 Special Mention 2,994 37,398 — — — 286 — — 40,678 Total Hotels & Motels 6,422 61,219 18,894 9,880 7,389 14,538 3,160 — 121,502 December 31, 2020 Dollars in thousands Risk Rating 2020 2019 2018 2017 2016 Prior Revolvi- Revolving- Term Total Mini-storage Pass 10,159 19,022 15,046 3,986 6,228 4,780 170 — 59,391 Special Mention — — — — — 50 — — 50 Substandard — — — — — 1,109 — — 1,109 Total Mini-storage 10,159 19,022 15,046 3,986 6,228 5,939 170 — 60,550 Multifamily Pass 39,814 27,090 27,198 19,294 10,762 47,751 2,844 — 174,753 Special Mention — — — — — 48 — — 48 Substandard — 1,187 — — — — — — 1,187 Total Multifamily 39,814 28,277 27,198 19,294 10,762 47,799 2,844 — 175,988 Retail Pass 44,359 27,357 11,169 9,361 4,414 30,381 6,502 — 133,543 Special Mention — — — — 446 540 — — 986 Substandard — — — 152 — 724 — — 876 Total Retail 44,359 27,357 11,169 9,513 4,860 31,645 6,502 — 135,405 Other Pass 75,272 20,483 24,663 10,626 26,989 28,293 1,794 — 188,120 Special Mention — — — — — 142 — — 142 Doubtful — — 576 — — 3,282 — — 3,858 Total Other 75,272 20,483 25,239 10,626 26,989 31,717 1,794 — 192,120 Total Commercial Real Estate - 176,026 156,358 97,546 53,299 56,228 131,638 14,470 — 685,565 Construction and Development Land & land development Pass 27,084 25,468 10,943 4,149 6,370 21,882 9,320 — 105,216 Special Mention — 70 12 — — 644 — — 726 Substandard — — 6 — 11 1,383 — — 1,400 Total Land & land development 27,084 25,538 10,961 4,149 6,381 23,909 9,320 — 107,342 Construction Pass 50,060 34,480 2,833 885 — — 1,325 — 89,583 Substandard — 1,352 — — — 165 — — 1,517 Total Construction 50,060 35,832 2,833 885 — 165 1,325 — 91,100 Total Construction and 77,144 61,370 13,794 5,034 6,381 24,074 10,645 — 198,442 Residential 1-4 Family Real Estate Personal residence Pass 51,120 31,415 27,052 23,069 23,759 126,293 — — 282,708 Special Mention — 242 131 267 254 12,020 — — 12,914 Substandard — 46 849 540 126 7,910 — — 9,471 Total Personal Residence 51,120 31,703 28,032 23,876 24,139 146,223 — — 305,093 December 31, 2020 Dollars in thousands Risk Rating 2020 2019 2018 2017 2016 Prior Revolvi- Revolving- Term Total Rental - small loan Pass 18,762 20,113 14,512 10,705 10,941 34,643 4,047 — 113,723 Special Mention 110 253 251 3 192 1,749 62 — 2,620 Substandard — 1,163 — — 46 2,874 — — 4,083 Total Rental - Small Loan 18,872 21,529 14,763 10,708 11,179 39,266 4,109 — 120,426 Rental - large loan Pass 16,926 5,484 9,456 5,323 9,133 20,515 2,188 — 69,025 Special Mention — 1,430 — — — 32 — — 1,462 Substandard — — — — — 3,698 — — 3,698 Total Rental - Large Loan 16,926 6,914 9,456 5,323 9,133 24,245 2,188 — 74,185 Home equity Pass 429 565 347 502 89 2,174 74,974 — 79,080 Special Mention — — — 40 — 96 1,596 — 1,732 Substandard — — 32 28 — 424 292 — 776 Total Home Equity 429 565 379 570 89 2,694 76,862 — 81,588 Total Residential 1-4 Family Real 87,347 60,711 52,630 40,477 44,540 212,428 83,159 — 581,292 Mortgage warehouse lines Pass — — — — — — 251,810 — 251,810 Total Mortgage Warehouse Lines — — — — — — 251,810 — 251,810 Consumer Pass 12,785 9,257 4,239 1,609 1,237 1,516 822 — 31,465 Special Mention 991 454 214 155 70 49 18 — 1,951 Substandard 245 127 31 6 51 4 26 — 490 Total Consumer 14,021 9,838 4,484 1,770 1,358 1,569 866 — 33,906 Other Credit cards Pass 1,855 — — — — — — — 1,855 Total Credit Cards 1,855 — — — — — — — 1,855 Overdrafts Pass 538 — — — — — — — 538 Total Overdrafts 538 — — — — — — — 538 Total Other 2,393 — — — — — — — 2,393 Total $ 548,081 $ 404,343 $ 217,038 $ 164,709 $ 142,456 $ 484,962 $ 450,564 $ — $ 2,412,153 |
Schedule of Related Party Loans Aggregating $60,000 or More | The following presents the activity with respect to related party loans aggregating $60,000 or more to any one related party (other changes represent additions to and changes in director and executive officer status): Dollars in thousands 2021 2020 Balance, beginning $ 55,092 $ 51,292 Additions 2,677 17,641 Amounts collected (4,557) (13,992) Other changes, net — 151 Balance, ending $ 53,212 $ 55,092 |
Allowance for Credit Losses on Financing Receivables | The following table presents the activity in the ACLL by portfolio segment during 2021 and 2020: For the Year Ended December 31, 2021 Allowance for Credit Losses - Loans Dollars in thousands Beginning Provision Adjustment Charge- Recoveries Ending Commercial $ 2,304 $ 1,112 $ — $ (222) $ 24 $ 3,218 Commercial real estate - owner occupied Professional & medical 954 71 71 (4) — 1,092 Retail 3,173 (1,812) — — 1 1,362 Other 610 (35) — — — 575 Commercial real estate - non-owner occupied Hotels & motels 2,135 397 — — — 2,532 Mini-storage 337 (204) — — — 133 Multifamily 1,547 265 — — 9 1,821 Retail 981 93 — — — 1,074 Other 1,104 947 — (233) 2 1,820 Construction and development Land & land development 4,084 (628) — — 12 3,468 Construction 4,648 1,698 — — — 6,346 Residential 1-4 family real estate Personal residence 3,559 (548) — (365) 119 2,765 Rental - small loan 2,736 177 20 (189) 90 2,834 Rental - large loan 3,007 (633) — — — 2,374 Home equity 713 (206) — (26) 16 497 Mortgage warehouse lines — — — — — — Consumer 216 (44) — (131) 122 163 Other Credit cards 17 10 — (16) 6 17 Overdrafts 121 255 — (321) 152 207 Total $ 32,246 $ 915 $ 91 $ (1,507) $ 553 $ 32,298 For the Year Ended December 31, 2020 Allowance for Credit Losses - Loans Dollars in thousands Beginning Impact of Provision Adjustment Charge- Recoveries Ending Commercial $ 1,221 $ 1,064 $ 85 $ — $ (99) $ 33 $ 2,304 Commercial real estate - owner occupied Professional & medical 1,058 (390) 1,290 1 (1,005) — 954 Retail 820 (272) 2,311 152 — 162 3,173 Other 821 (137) (104) 1 — 29 610 Commercial real estate - non-owner occupied Hotels & motels 1,235 (936) 1,836 — — — 2,135 Mini-storage 485 (311) 48 115 — — 337 Multifamily 1,534 8 (155) 122 — 38 1,547 Retail 964 279 (22) 101 (343) 2 981 Other 1,721 (1,394) 700 58 — 19 1,104 Construction and development Land & land development 600 2,136 1,202 111 (7) 42 4,084 Construction 242 996 3,159 251 — — 4,648 Residential 1-4 family real estate Personal residence 1,275 1,282 980 182 (252) 92 3,559 Rental - small loan 532 1,453 657 96 (140) 138 2,736 Rental - large loan 49 2,884 58 16 — — 3,007 Home equity 138 308 246 — (24) 45 713 Mortgage warehouse lines — — — — — — — Consumer 379 (238) 166 — (239) 148 216 Other Credit cards — 12 35 — (40) 10 17 Overdrafts — 182 251 — (460) 148 121 Total $ 13,074 $ 6,926 $ 12,743 $ 1,206 $ (2,609) $ 906 $ 32,246 |
Impaired Financing Receivables | The following tables presents, as of December 31, 2021 and 2020 segregated by loan portfolio segment, details of the loan portfolio and the ACLL calculated in accordance with our credit loss accounting methodology for loans described above. December 31, 2021 Loan Balances Allowance for Credit Losses - Loans Dollars in thousands Loans Individually Evaluated Loans Collectively Evaluated (1) Total Loans Individually Evaluated Loans Collectively Evaluated Total Commercial $ 177 $ 365,124 $ 365,301 $ — $ 3,218 $ 3,218 Commercial real estate - owner occupied Professional & medical 2,073 148,686 150,759 199 893 1,092 Retail 5,559 184,745 190,304 — 1,362 1,362 Other — 143,645 143,645 — 575 575 Commercial real estate - non-owner occupied Hotels & motels 3,085 125,365 128,450 669 1,863 2,532 Mini-storage 1,058 57,987 59,045 — 133 133 Multifamily — 233,157 233,157 — 1,821 1,821 Retail 2,693 160,065 162,758 — 1,074 1,074 Other 5,726 276,895 282,621 69 1,751 1,820 Construction and development Land & land development 2,004 98,801 100,805 723 2,745 3,468 Construction — 146,038 146,038 — 6,346 6,346 Residential 1-4 family real estate Personal residence — 262,805 262,805 — 2,765 2,765 Rental - small loan 1,463 120,526 121,989 436 2,398 2,834 Rental - large loan 3,162 75,946 79,108 — 2,374 2,374 Home equity 523 71,589 72,112 — 497 497 Mortgage warehouse lines — 227,869 227,869 — — — Consumer — 31,923 31,923 — 163 163 Other Credit cards — 1,891 1,891 — 17 17 Overdrafts — 811 811 — 207 207 Total $ 27,523 $ 2,733,868 $ 2,761,391 $ 2,096 $ 30,202 $ 32,298 1) Included in the loans collectively evaluated are $19.8 million in fully guaranteed or cash secured loans, which are excluded from the pools collectively evaluated and carry no allowance. December 31, 2020 Loan Balances Allowance for Credit Losses - Loans Dollars in thousands Loans Individually Evaluated Loans Collectively Evaluated (1) Total Loans Individually Evaluated Loans Collectively Evaluated Total Commercial $ 4,851 $ 302,034 $ 306,885 $ 8 $ 2,296 $ 2,304 Commercial real estate - owner occupied Professional & medical 2,171 104,980 107,151 223 731 954 Retail 17,458 108,993 126,451 2,258 915 3,173 Other — 118,258 118,258 — 610 610 Commercial real estate - non-owner occupied Hotels & motels — 121,502 121,502 — 2,135 2,135 Mini-storage 1,109 59,441 60,550 111 226 337 Multifamily 1,187 174,801 175,988 135 1,412 1,547 Retail 3,473 131,932 135,405 — 981 981 Other 5,857 186,263 192,120 129 975 1,104 Construction and development Land & land development 1,891 105,451 107,342 623 3,461 4,084 Construction 1,352 89,748 91,100 135 4,513 4,648 Residential 1-4 family real estate Personal residence — 305,093 305,093 — 3,559 3,559 Rental - small loan 1,300 119,126 120,426 102 2,634 2,736 Rental - large loan 3,288 70,897 74,185 — 3,007 3,007 Home equity 523 81,065 81,588 — 713 713 Mortgage warehouse lines — 251,810 251,810 — — — Consumer — 33,906 33,906 — 216 216 Other Credit cards — 1,855 1,855 — 17 17 Overdrafts — 538 538 — 121 121 Total $ 44,460 $ 2,367,693 $ 2,412,153 $ 3,724 $ 28,522 $ 32,246 1) Included in the loans collectively evaluated are $83.9 million in fully guaranteed or cash secured loans, which are excluded from the pools collectively evaluated and carry no allowance. |
Collateral Dependent Financing Receivables And Allowance For Credit Losses on Collateral Dependent Financing Receivables | The following table presents the amortized cost basis of collateral dependent loans by loan pool, which are individually evaluated to determine expected credit losses, and the related ACLL allocated to those loans: December 31, 2021 Dollars in thousands Real Estate Non-Real Estate Total Loans Allowance for Credit Losses Commercial $ — $ 177 $ 177 $ — Commercial real estate - owner occupied Professional & medical 2,073 — 2,073 199 Retail 5,559 — 5,559 — Other — — — — Commercial real estate - non-owner occupied Hotels & motels 3,085 — 3,085 669 Mini-storage 1,058 — 1,058 — Multifamily — — — — Retail 2,693 — 2,693 — Other 5,726 — 5,726 69 Construction and development Land & land development 2,004 — 2,004 723 Construction — — — — Residential 1-4 family real estate Personal residence — — — — Rental - small loan 1,463 — 1,463 436 Rental - large loan 3,162 — 3,162 — Home equity 523 — 523 — Consumer — — — — Other Credit cards — — — — Overdrafts — — — — Total $ 27,346 $ 177 $ 27,523 $ 2,096 December 31, 2020 Dollars in thousands Real Estate Non-Real Estate Total Loans Allowance for Credit Losses Commercial $ — $ 4,851 $ 4,851 $ 8 Commercial real estate - owner occupied Professional & medical 2,171 — 2,171 223 Retail 17,458 — 17,458 2,258 Other — — — — Commercial real estate - non-owner occupied Hotels & motels — — — — Mini-storage 1,109 — 1,109 111 Multifamily 1,187 — 1,187 135 Retail 3,473 — 3,473 — Other 5,857 — 5,857 129 Construction and development Land & land development 1,891 — 1,891 623 Construction 1,352 — 1,352 135 Residential 1-4 family real estate Personal residence — — — — Rental - small loan 1,300 — 1,300 102 Rental - large loan 3,288 — 3,288 — Home equity 523 — 523 — Consumer — — — — Other Credit cards — — — — Overdrafts — — — — Total $ 39,609 $ 4,851 $ 44,460 $ 3,724 |
Property Held For Sale (Tables)
Property Held For Sale (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract] | |
Schedule Of Activity Of Property Held For Sale | The following table presents the activity of property held for sale during 2021, 2020 and 2019. Dollars in thousands 2021 2020 2019 Beginning balance $ 15,588 $ 19,276 $ 21,432 Acquisitions 532 1,132 4,549 Acquisition of WinFirst — 146 — Capitalized improvements — 1,352 512 Dispositions (4,845) (4,535) (5,142) Valuation adjustments (1,417) (1,783) (2,075) Balance at year end $ 9,858 $ 15,588 $ 19,276 |
Premises And Equipment (Tables)
Premises And Equipment (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment | The major categories of premises and equipment and accumulated depreciation at December 31, 2021 and 2020 are summarized as follows: Dollars in thousands 2021 2020 Land $ 13,786 $ 12,172 Buildings and improvements 44,121 41,602 Furniture and equipment 31,188 28,768 89,095 82,542 Less accumulated depreciation (32,724) (30,005) Total premises and equipment, net $ 56,371 $ 52,537 |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Leases [Abstract] | |
Lessee, Operating Lease, Liability, Maturity | The following table reconciles future undiscounted lease payments due under non-cancelable operating leases (those amounts subject to recognition) to the aggregate operating lessee lease liability as of December 31, 2021: Future Lease Payments Dollars in thousands 2022 $ 948 2023 829 2024 808 2025 756 2026 714 Thereafter 2,965 Total undiscounted operating lease liability $ 7,020 Imputed interest (453) Total operating lease liability included in the accompanying balance sheet $ 6,567 The weighted average remaining lease term was 9 years and 12 years at December 31, 2021 and 2020, respectively, and the weighted average discount rate was 1.46 percent and 1.57 percent at December 31, 2021 and 2020, respectively. |
Lease Commitments, Components of Lease Expense | The components of total lease expense in 2021, 2020 and 2019 were as follows: Dollars in thousands 2021 2020 2019 Amortization of lease right-of-use assets $ 858 $ 540 $ 130 Short-term lease expense 46 66 176 Total $ 904 $ 606 $ 306 |
Goodwill And Other Intangible_2
Goodwill And Other Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Goodwill | The following table presents our goodwill activity by reporting unit for 2021. Dollars in thousands Goodwill Activity Balance, January 1, 2021 $ 45,495 Reclassifications to goodwill (479) Acquired goodwill, net 10,331 Balance, December 31, 2021 $ 55,347 |
Summary Of Other Intangible Assets | Other Intangible Assets Dollars in thousands December 31, 2021 December 31, 2020 Identified intangible assets Gross carrying amount $ 15,828 $ 15,650 Less: accumulated amortization 7,585 6,022 Net carrying amount $ 8,243 $ 9,628 |
Finite-lived Intangible Assets Amortization Expense | Amortization relative to our identified intangible assets is as follows: Core Deposit Customer Dollars in thousands Intangible Intangible Actual: 2019 $ 1,634 $ 67 2020 1,659 — 2021 1,563 — Expected: 2022 1,440 — 2023 1,299 — 2024 1,158 — 2025 1,019 — 2026 878 — Thereafter 2,379 — |
Deposits (Tables)
Deposits (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Deposits [Abstract] | |
Summary Of Interest Bearing Deposits By Type | The following is a summary of interest bearing deposits by type as of December 31, 2021 and 2020: Dollars in thousands 2021 2020 Demand deposits, interest bearing $ 1,127,298 $ 934,185 Savings deposits 698,156 621,168 Time deposits 548,649 599,480 Total $ 2,374,103 $ 2,154,833 |
Summary Of Scheduled Maturities For All Time Deposits | A summary of the scheduled maturities for all time deposits as of December 31, 2021 is as follows: Dollars in thousands Amount 2022 $ 388,387 2023 99,843 2024 24,228 2025 14,329 2026 14,371 Thereafter 7,491 Total $ 548,649 |
Summary Of Maturity Distribution Of All Certificates Of Deposit | The following is a summary of the maturity distribution of such deposits. Dollars in thousands Amount Three months or less $ 22,387 Three through six months 15,553 Six through twelve months 27,206 Over twelve months 33,789 Total $ 98,935 |
Borrowed Funds (Tables)
Borrowed Funds (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
Schedule of Short-term Debt | A summary of short-term FHLB advances is presented below. December 31, 2021 2020 Dollars in thousands Short-term FHLB Advances Balance at December 31 $ 140,000 $ 140,000 Average balance outstanding for the period 140,000 130,241 Maximum balance outstanding at any month end during period 140,000 215,700 Weighted average interest rate for the period 0.33 % 0.67 % Weighted average interest rate for balances outstanding at December 31 0.26 % 0.35 % |
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 Subordinated Subordinated 2022 $ 21 $ — $ — 2023 22 — — 2024 23 — — 2025 24 — — 2026 589 — — Thereafter — 105,000 19,589 Total $ 679 $ 105,000 $ 19,589 |
Derivative Financial Instrume_2
Derivative Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Interest Rate Derivatives | A summary of our derivative financial instruments as of December 31, 2021 and 2020 follows: December 31, 2021 Derivative Fair Value Net Ineffective Dollars in thousands Notional Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps hedging: Short term borrowings $ 40,000 $ — $ 83 $ — Interest rate caps hedging : Short term borrowings $ 100,000 $ 8,336 $ — $ — Indexed interest bearing demand deposit accounts 100,000 2,851 — — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps hedging: Commercial real estate loans $ 17,548 $ — $ 512 $ — Available for sale taxable municipal securities 71,245 — 529 22 December 31, 2020 Derivative Fair Value Net Ineffective Dollars in thousands Notional Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps hedging: Short term borrowings $ 80,000 $ — $ 1,457 $ — Interest rate caps hedging: Short term borrowings $ 100,000 $ 5,652 $ — $ — Indexed interest bearing demand deposit accounts 100,000 1,001 — — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps hedging: Commercial real estate loans $ 18,192 $ — $ 1,290 $ — |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
Schedule of Components of Income Tax Expense (Benefit) | The components of applicable income tax expense (benefit) for the years ended December 31, 2021, 2020 and 2019, are as follows: Dollars in thousands 2021 2020 2019 Current Federal $ 10,189 $ 10,189 $ 6,676 State 1,210 1,440 938 11,399 11,629 7,614 Deferred Federal 231 (3,673) 88 State 33 (528) 15 264 (4,201) 103 Total $ 11,663 $ 7,428 $ 7,717 |
Schedule of Effective Income Tax Rate Reconciliation | Reconciliation between the amount of reported income tax expense and the amount computed by multiplying the statutory income tax rates by book pretax income for the years ended December 31, 2021, 2020 and 2019 is as follows: 2021 2020 2019 Dollars in thousands Amount Percent Amount Percent Amount Percent Computed tax at applicable statutory rate $ 12,054 21 $ 8,138 21 $ 8,313 21 Increase (decrease) in taxes resulting from: Tax-exempt interest and dividends, net (829) (1) (788) (2) (728) (2) Low-income housing and rehabilitation tax credits (206) — (248) (1) (177) — State income taxes, net of Federal income tax benefit 982 2 720 2 753 2 Other, net (338) (1) (394) (1) (444) (1) Applicable income taxes $ 11,663 21 $ 7,428 19 $ 7,717 20 |
Schedule of Deferred Tax Assets and Liabilities | The tax effects of temporary differences, which give rise to our deferred tax assets and liabilities as of December 31, 2021 and 2020, are as follows: Dollars in thousands 2021 2020 Deferred tax assets Allowance for credit losses $ 9,497 $ 8,553 Foreclosed properties 2,089 2,703 Deferred compensation 4,803 4,384 Other deferred costs and accrued expenses 970 1,053 Net unrealized loss on derivative financial instruments — 357 Total 17,359 17,050 Deferred tax liabilities Depreciation 630 288 Accretion on tax-exempt securities 9 19 Net unrealized gain on debt securities available for sale 590 2,153 Net unrealized gain on interest rate swaps 1,136 — Other post-retirement benefits 12 — Acquisition accounting adjustments and goodwill 2,440 2,241 Total 4,817 4,701 Net deferred tax assets $ 12,542 $ 12,349 |
Employee Benefits (Tables)
Employee Benefits (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Employee Benefit and Share-based Payment Arrangement, Noncash Expense [Abstract] | |
Employee Stock Ownership Plan (ESOP) Disclosures | The ESOP shares as of December 31 are as follows: At December 31, 2021 2020 Allocated shares 504,154 448,358 Shares committed to be released 23,002 22,395 Unallocated shares 20,702 43,704 Total ESOP shares 547,858 514,457 Market value of unallocated shares ( in thousands ) $ 568 $ 965 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The assumptions used to value SARs granted in 2021 and 2019 are as follows: 2021 Grants 2019 Grants 7 year expiration 5 year expiration 7 year expiration 5 year expiration Risk-free interest rate 1.06 % 0.74 % 2.51 % 2.43 % Expected dividend yield 3.00 % 3.00 % 2.30 % 2.30 % Expected common stock volatility 55.59 % 55.59 % 40.84 % 35.71 % Expected life 7 years 5.5 years 7 years 5.5 years |
Schedule of Stock Options, Activity | A summary of SAR and option activity during 2019, 2020 and 2021 is as follows: Weighted Average Dollars in thousands, except per share amounts SARs/Options Aggregate Remaining Contractual Term (Yrs.) Exercise Price Outstanding, December 31, 2018 232,091 $ 17.36 Granted 138,125 23.94 Exercised (31,613) 11.83 Forfeited — — Expired (7,900) 25.83 Outstanding, December 31, 2019 330,703 $ 20.44 Granted — — Exercised (1,400) 12.01 Forfeited — — Expired (100) 18.26 Outstanding, December 31, 2020 329,203 $ 20.47 Granted 177,489 21.85 Exercised (14,900) 8.92 Forfeited — — Expired — — Outstanding, December 31, 2021 491,792 $ 3,014 6.94 $ 21.32 Exercisable Options/SARs: December 31, 2021 204,116 $ 1,683 4.81 $ 19.20 December 31, 2020 177,875 1,118 5.27 $ 17.07 December 31, 2019 104,889 1,203 5.74 $ 15.62 |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity | A summary of our RSU activity and related information is as follows. Dollars in thousands, except per share amounts RSUs Weighted Average Grant Date Fair Value Nonvested, December 31, 2019 2,892 $ 25.93 Granted 13,758 19.63 Forfeited — — Vested (964) 25.93 Nonvested, December 31, 2020 15,686 20.40 Granted 1,500 27.63 Forfeited — — Vested (4,171) 20.38 Nonvested, December 31, 2021 13,015 $ 21.24 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
Summary Of The Total Unfunded, Or Off-Balance Sheet, Credit Extension Commitments | A summary of the total unfunded, or off-balance sheet, credit extension commitments follows: Dollars in thousands December 31, December 31, Commitments to extend credit: Revolving home equity and credit card lines $ 97,540 $ 90,125 Construction loans 265,056 135,841 Other loans 325,897 308,290 Standby letters of credit 22,859 15,124 Total $ 711,352 $ 549,380 |
Regulatory Matters (Tables)
Regulatory Matters (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Banking Regulation, Total Capital [Abstract] | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations | The following tables present Summit's, as well as Summit Community's, actual and required minimum regulatory capital amounts and ratios as of December 31, 2021 and December 31, 2020. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended. Actual Minimum Required Capital - Basel III Minimum Required To Be Well Capitalized Dollars in thousands Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021 CET1 (to risk weighted assets) Summit $ 257,122 8.4 % $ 214,268 7.0 % N/A N/A Summit Community 364,125 11.9 % 214,191 7.0 % 198,892 6.5 % Tier I Capital (to risk weighted assets) Summit 291,042 9.5 % 260,406 8.5 % N/A N/A Summit Community 364,125 11.9 % 260,089 8.5 % 244,790 8.0 % Total Capital (to risk weighted assets) Summit 420,045 13.8 % 319,599 10.5 % N/A N/A Summit Community 390,236 12.8 % 320,115 10.5 % 304,872 10.0 % Tier I Capital (to average assets) Summit 291,042 8.3 % 140,261 4.0 % N/A N/A Summit Community 364,125 10.4 % 140,048 4.0 % 175,060 5.0 % As of December 31, 2020 CET1 (to risk weighted assets) Summit 233,768 9.3 % N/A N/A N/A N/A Summit Community 279,540 11.1 % 176,286 7.0 % 163,695 6.5 % Tier I Capital (to risk weighted assets) Summit 252,768 10.0 % N/A N/A N/A N/A Summit Community 279,540 11.1 % 214,062 8.5 % 201,470 8.0 % Total Capital (to risk weighted assets) Summit 305,309 12.1 % N/A N/A N/A N/A Summit Community 302,716 12.0 % 264,877 10.5 % 252,263 10.0 % Tier I Capital (to average assets) Summit 252,768 8.6 % N/A N/A N/A N/A Summit Community 279,540 9.5 % 117,701 4.0 % 147,126 5.0 % |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted | The computations of basic and diluted earnings per share follow: For the Year Ended December 31, 2021 2020 2019 Common Common Common Dollars in thousands, Income Shares Per Income Shares Per Income Shares Per except per share amounts (Numerator) (Denominator) Share (Numerator) (Denominator) Share (Numerator) (Denominator) Share Net income $ 45,738 $ 31,326 $ 31,866 Less preferred stock dividends (589) — — Basic EPS $ 45,149 12,943,883 $ 3.49 $ 31,326 12,935,430 $ 2.42 $ 31,866 12,516,474 $ 2.55 Effect of dilutive securities: Stock options 44 4,320 4,935 SARs 53,964 34,785 53,737 RSUs 5,537 850 — Diluted EPS $ 45,149 13,003,428 $ 3.47 $ 31,326 12,975,385 $ 2.41 $ 31,866 12,575,146 $ 2.53 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Accumulated Other Comprehensive Income (Loss) [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The following are the changes in accumulated other comprehensive income (loss) by component, net of tax, for the years ended December 31, 2021, 2020 and 2019. December 31, 2021 Dollars in thousands Gains and Losses on Pension Plan Gains on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains and Losses on Debt Securities Available for Sale Unrealized Losses on Securities Fair Value Hedge Total Beginning balance $ (199) $ (40) $ (1,132) $ 6,816 $ — $ 5,445 Other comprehensive income (loss) before reclassification, net of tax 229 49 5,125 (4,625) (418) 360 Amounts reclassified from accumulated other comprehensive income, net of tax — — — (323) — (323) Net current period other comprehensive income (loss) 229 49 5,125 (4,948) (418) 37 Ending balance $ 30 $ 9 $ 3,993 $ 1,868 $ (418) $ 5,482 December 31, 2020 Dollars in thousands Gains and Losses on Pension Plan Gains on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains and Losses on Debt Securities Available for Sale Total Beginning balance $ (140) $ 48 $ (518) $ 3,145 $ 2,535 Other comprehensive income (loss) before reclassification, net of tax (59) (88) (614) 6,310 5,549 Amounts reclassified from accumulated other comprehensive income (loss), net of tax — — — (2,639) (2,639) Net current period other comprehensive income (loss) (59) (88) (614) 3,671 2,910 Ending balance $ (199) (40) $ (1,132) $ 6,816 $ 5,445 December 31, 2019 Dollars in thousands Gains and Losses on Pension Plan Gains on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains and Losses on Available-for-Sale Securities Total Beginning balance $ — $ 139 $ (314) $ (841) $ (1,016) Other comprehensive income (loss) before reclassification, net of tax (140) (91) (204) 5,459 5,024 Amounts reclassified from accumulated other comprehensive income (loss), net of tax — — — (1,473) (1,473) Net current period other comprehensive income (loss) (140) (91) (204) 3,986 3,551 Ending balance $ (140) $ 48 $ (518) $ 3,145 $ 2,535 |
Revenue Recognition Revenue f_2
Revenue Recognition Revenue from Contracts with Customers (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Revenue from Contracts with Customers [Abstract] | |
Revenue from Contracts with Customers [Table Text Block] | The following table illustrates our total non-interest income segregated by revenues within the scope of ASC Topic 606 and those which are within the scope of other ASC Topics: For the Year Ended December 31, Dollars in thousands 2021 2020 2019 Service fees on deposit accounts $ 5,032 $ 4,588 $ 5,094 Bank card revenue 5,896 4,494 3,536 Trust and wealth management fees 2,886 2,495 2,564 Other 626 567 2,203 Net revenue from contracts with customers 14,440 12,144 13,397 Non-interest income within the scope of other ASC topics 5,768 7,939 5,806 Total noninterest income $ 20,208 $ 20,083 $ 19,203 |
Condensed Financial Statement_2
Condensed Financial Statements Of Parent Company (Tables) - Parent Company [Member] | 12 Months Ended |
Dec. 31, 2021 | |
Balance Sheets | Balance Sheets December 31, Dollars in thousands 2021 2020 Assets Cash $ 14,279 $ 5,937 Investment in subsidiaries 419,557 327,354 Equity investments (at fair value) 20,202 — Other investments 7 7 Premises and equipment 129 97 Other assets 1,971 1,837 Total assets $ 456,145 $ 335,232 Liabilities and Shareholders' Equity Subordinated debentures, net $ 102,891 $ 29,364 Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 Other liabilities 6,192 4,699 Total liabilities 128,672 53,652 Preferred stock, $1.00 par value, authorized 250,000 shares; issued: 2021 - 1,500 shares 14,920 — Common stock and related surplus, $2.50 par value, authorized 20,000,000 shares; issued: 12,763,827 shares 2021, 12,985,708 shares 2020; outstanding: 12,743,125 shares 2021, 12,942,004 shares 2020 89,525 94,964 Unallocated common stock held by Employee Stock Ownership Plan - 2021 - 20,702 shares, 2020 - 43,704 shares (224) (472) Retained earnings 217,770 181,643 Accumulated other comprehensive income 5,482 5,445 Total shareholders' equity 327,473 281,580 Total liabilities and shareholders' equity $ 456,145 $ 335,232 |
Statements of Income | Statements of Income For the Year Ended December 31, Dollars in thousands 2021 2020 2019 Income Dividends from subsidiaries $ 12,100 $ 10,000 $ 16,757 Other dividends and interest income 16 33 54 Gain on equity investments 202 — — Management and service fees from subsidiaries 1,920 1,856 1,542 Total income 14,238 11,889 18,353 Expense Interest expense 2,497 1,109 949 Operating expenses 3,736 3,306 3,755 Total expenses 6,233 4,415 4,704 Income before income taxes and equity in undistributed income of subsidiaries 8,005 7,474 13,649 Income tax (benefit) (830) (519) (276) Income before equity in undistributed income of subsidiaries 8,835 7,993 13,925 Equity in undistributed income of subsidiaries 36,903 23,333 17,941 Net income $ 45,738 $ 31,326 $ 31,866 Preferred stock dividends 589 — — Net income applicable to common shares $ 45,149 $ 31,326 $ 31,866 |
Statements of Cash Flows | Statements of Cash Flows For the Year Ended December 31, Dollars in thousands 2021 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 45,738 $ 31,326 $ 31,866 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed net income of subsidiaries (36,903) (23,333) (17,941) Deferred tax benefit (164) (141) (18) Depreciation 46 57 50 Gain on equity investments (202) — — Share-based compensation expense 244 211 274 Earnings on bank owned life insurance 4 1 — Decrease (increase) in other assets 163 (285) 491 Increase in other liabilities 584 977 807 Net cash provided by operating activities 9,510 8,813 15,529 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of equity investments (20,000) — — Investment in bank subsidiary (55,000) (25,000) — Purchases of premises and equipment (124) (9) (123) Proceeds from transfer of premises and equipment 47 — 53 Net cash used in investing activities (75,077) (25,009) (70) CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid on preferred stock (589) — — Dividends paid on common stock (9,022) (8,786) (7,361) Exercise of stock options 16 — 7 Proceeds from issuance of subordinated debt 75,000 30,000 — Purchase and retirement of common stock (6,710) (1,444) (10,405) Proceeds from issuance of preferred stock, net of issuance costs 14,920 — — Proceeds from issuance of common stock, net of issuance costs 294 178 159 Net cash provided by (used in) financing activities 73,909 19,948 (17,600) Increase (decrease) in cash 8,342 3,752 (2,141) Cash: Beginning 5,937 2,185 4,326 Ending $ 14,279 $ 5,937 $ 2,185 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash payments for: Interest $ 2,195 $ 1,145 $ 961 |
Acquisitions (Narrative) (Detai
Acquisitions (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands | Jul. 10, 2021 | Dec. 15, 2020 | Apr. 24, 2020 | Jan. 01, 2020 | Sep. 17, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Business Acquisition [Line Items] | ||||||||
Net income | $ 45,738 | $ 31,326 | $ 31,866 | |||||
Goodwill | $ 55,347 | $ 45,495 | ||||||
Cornerstone Financial Services Inc. [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Percentage of ownership acquired | 100.00% | |||||||
Business Acquisition, Share Price, Number Of Shares | 570,000 | 228 | ||||||
Value of assets acquired | $ 195,029 | 195,000 | ||||||
Value of liabilities acquired | 176,313 | $ 176,000 | ||||||
Goodwill | 10,820 | |||||||
Business Acquisition, Share Price | $ 5,700 | |||||||
Business Acquisition Combination of Equity and Cash Cash | 50.00% | |||||||
Business Acquisition Combination of Equity and Cash, Common Stock | 50.00% | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits | 173,027 | |||||||
MVB Bank [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Goodwill | $ 14,700 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits Estimated | 188,200 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Estimated | $ 38,400 | |||||||
Number of days of average daily closing balance of deposits prior to closing | 30 days | |||||||
Percent multiplier used to calculate purchase price | 8.00% | |||||||
WinFirst Financial Corp | ||||||||
Business Acquisition [Line Items] | ||||||||
Percentage of ownership acquired | 100.00% | |||||||
Value of assets acquired | $ 143,435 | |||||||
Value of liabilities acquired | 127,454 | |||||||
Goodwill | $ 6,730 | |||||||
Business Acquisition, Share Price | $ 328.05 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits | $ 103,599 | |||||||
MVB | ||||||||
Business Acquisition [Line Items] | ||||||||
Value of assets acquired | $ 58,565 | $ 38,417 | ||||||
Value of liabilities acquired | 163,126 | 188,236 | ||||||
Goodwill | 10,330 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits Estimated | 164,000 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Estimated | $ 54,000 | |||||||
Number of days of average daily closing balance of deposits prior to closing | 30 days | |||||||
Percent multiplier used to calculate purchase price | 6.00% | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits | $ 163,081 | 188,134 | ||||||
Cash Consideration [Member] | Cornerstone Financial Services Inc. [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Consideration paid in acquisition | 14,300 | |||||||
Cash Consideration [Member] | MVB Bank [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Consideration paid in acquisition | $ 13,000 | |||||||
Cash Consideration [Member] | WinFirst Financial Corp | ||||||||
Business Acquisition [Line Items] | ||||||||
Consideration paid in acquisition | $ 21,700 | |||||||
Cash Consideration [Member] | MVB | ||||||||
Business Acquisition [Line Items] | ||||||||
Consideration paid in acquisition | $ 9,800 | |||||||
Stock Consideration [Member] | Cornerstone Financial Services Inc. [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Consideration paid in acquisition | $ 15,400 | |||||||
Core Deposits | Cornerstone Financial Services Inc. [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 10 years | |||||||
Core Deposits | MVB Bank [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 10 years | |||||||
Core Deposits | WinFirst Financial Corp | ||||||||
Business Acquisition [Line Items] | ||||||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 10 years | |||||||
Core Deposits | MVB | ||||||||
Business Acquisition [Line Items] | ||||||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 10 years |
Acquisitions Schedule of Consid
Acquisitions Schedule of Consideration Paid, Assets Acquired and Liabilities Assumed in Acquisition (Details) - USD ($) $ in Thousands | Jul. 10, 2021 | Dec. 15, 2020 | Apr. 24, 2020 | Jan. 01, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Business Acquisition [Line Items] | |||||||
Goodwill | $ 55,347 | $ 45,495 | |||||
As Recorded By Summit [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Consideration paid in acquisition | $ 9,807 | $ 21,705 | $ 12,965 | $ 29,691 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | 946 | 13,030 | 800 | 60,284 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Cash and Cash Equivalents | 0 | 0 | 0 | 0 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities | 1,632 | 90,028 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Securities Available for Sale | 19 | (47) | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Purchased Performing Loans | 53,918 | 122,786 | 33,942 | 38,153 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Purchased Performing Loans | 478 | (968) | (1,185) | 188 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Purchased Credit Impaired Loans | 397 | 0 | 1,308 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Purchased Credit Impaired Loans | (91) | 0 | (569) | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets, Allowance For Loan Losses | 0 | 0 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Allowance For Loan Losses | 1,227 | 312 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 3,302 | 144 | 2,334 | 664 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Property, Plant, And Equipment | (129) | (27) | (42) | (142) | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property Held-For-Sale | 146 | 10 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Property Held-For-Sale | (50) | 0 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 178 | 81 | 125 | 717 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Intangibles | 178 | 81 | 125 | 717 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets | 260 | 6,375 | 114 | 4,250 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Other Assets | 0 | 477 | 0 | (74) | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 59,001 | 144,194 | 37,315 | 195,414 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Assets | 436 | 759 | (1,102) | 385 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits | 164,040 | 104,664 | 188,732 | 173,266 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Deposits | 959 | 1,065 | 598 | 239 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Short Term Borrowings | 0 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Short Term Borrowings | 3,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt | 21,282 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other | 45 | 270 | 102 | 3,279 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Other Liabilities | 0 | 0 | 0 | (7) | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 164,085 | 129,216 | 188,834 | 176,545 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Liabilities | 959 | 1,762 | 598 | 232 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | (105,084) | 14,978 | (151,519) | 18,869 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Fair Value Adjustment, Assets (Liabilities), Net | (523) | (1,003) | (1,700) | 153 | |||
Goodwill | 10,331 | 6,727 | 14,665 | 10,822 | |||
Business Combination. Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Fair Value Adjustment, Long-term Debt | 697 | ||||||
Cornerstone Financial Services Inc. [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | 60,284 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities | 90,075 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Purchased Performing Loans | 37,965 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Purchased Credit Impaired Loans | 1,877 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Assets, Allowance For Loan Losses | (312) | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 806 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property Held-For-Sale | 10 | ||||||
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 | 4,324 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 195,029 | $ 195,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits | 173,027 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other | 3,286 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 176,313 | $ 176,000 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | 18,716 | ||||||
Goodwill | 10,820 | ||||||
MVB Bank [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Goodwill | 14,700 | ||||||
WinFirst Financial Corp | |||||||
Business Acquisition [Line Items] | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | 13,030 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities | 1,613 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Purchased Performing Loans | 123,754 | ||||||
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 | (1,227) | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 171 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property Held-For-Sale | 196 | ||||||
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 | 5,898 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 143,435 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits | 103,599 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Short Term Borrowings | 3,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt | 20,585 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other | 270 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 127,454 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | 15,981 | ||||||
Goodwill | 6,730 | ||||||
MVB | |||||||
Business Acquisition [Line Items] | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | 946 | 800 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Purchased Performing Loans | 53,440 | 35,127 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Purchased Credit Impaired Loans | 488 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 3,431 | 2,376 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | 0 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Noncurrent Assets | 260 | 114 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 58,565 | 38,417 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits | 163,081 | 188,134 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other | 45 | 102 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 163,126 | 188,236 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | (104,561) | (149,819) | |||||
Net Cash Received in Business Acquisition | 94,753 | 136,854 | |||||
Goodwill | 10,330 | ||||||
Cash Consideration [Member] | As Recorded By Summit [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Consideration paid in acquisition | 9,807 | 21,705 | 12,965 | 14,250 | |||
Cash Consideration [Member] | Cornerstone Financial Services Inc. [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Consideration paid in acquisition | 14,300 | ||||||
Cash Consideration [Member] | MVB Bank [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Consideration paid in acquisition | $ 13,000 | ||||||
Cash Consideration [Member] | WinFirst Financial Corp | |||||||
Business Acquisition [Line Items] | |||||||
Consideration paid in acquisition | $ 21,700 | ||||||
Cash Consideration [Member] | MVB | |||||||
Business Acquisition [Line Items] | |||||||
Consideration paid in acquisition | $ 9,800 | ||||||
Stock Consideration [Member] | As Recorded By Summit [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Consideration paid in acquisition | 15,441 | ||||||
Stock Consideration [Member] | Cornerstone Financial Services Inc. [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Consideration paid in acquisition | $ 15,400 |
Acquisitions (Schedule of Purch
Acquisitions (Schedule of Purchased Credit Deteriorated Financing Receivables) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Business Combinations [Abstract] | ||
Purchase Price of Purchased Credit Deteriorated Financing Receivables | $ 488 | $ 12,649 |
Allowance for Credit Losses Purchased Credit Deteriorated Financing Receivables at Acquisition | 91 | 796 |
Non Credit Discount Purchased Credit Deteriorated Financing Receivable at Acquisition | (2) | 568 |
Par Value of Purchased Credit Deteriorated Financing Receivable at Acquisition | $ 399 | $ 11,285 |
Fair Value Measurements (Narrat
Fair Value Measurements (Narrative) (Details) | 12 Months Ended |
Dec. 31, 2021 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Threshold Period for Ordering Appraisal on Impaired Loans, Length of Existing Appraisal | 12 months |
Length of Time Generally Receive New Appraisal Post Impairment | 3 months |
Length of Time Generally Receive New Appraisal on Foreclosed Properties | 18 months |
Minimum [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Discount to sell collateral | 7.00% |
Maximum [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Discount to sell collateral | 10.00% |
Fair Value Measurements (Assets
Fair Value Measurements (Assets And Liabilities Recorded At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | $ 401,103 | $ 286,127 |
Equity Securities, FV-NI | 20,202 | 0 |
U.S. Government and agencies and corporations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 36,629 | 35,157 |
Government-sponsored agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 62,211 | 59,046 |
Nongovernment-sponsored entities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 26,586 | 16,687 |
Corporate debt securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 30,278 | 26,427 |
Asset-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 24,883 | 46,126 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 401,103 | 286,127 |
Fair Value, Measurements, Recurring [Member] | U.S. Government and agencies and corporations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 36,629 | 35,157 |
Fair Value, Measurements, Recurring [Member] | Government-sponsored agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 62,211 | 59,046 |
Fair Value, Measurements, Recurring [Member] | Nongovernment-sponsored entities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 26,586 | 16,687 |
Fair Value, Measurements, Recurring [Member] | State and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 137,786 | 50,905 |
Fair Value, Measurements, Recurring [Member] | Corporate debt securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 30,278 | 26,427 |
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 24,883 | 46,126 |
Fair Value, Measurements, Recurring [Member] | Tax-exempt state and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 82,730 | 51,779 |
Fair Value, Measurements, Recurring [Member] | Interest Rate Cap | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Hedge Assets | 11,187 | |
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Hedge Assets | 6,653 | |
Fair Value Hedge Liabilities | 1,124 | 2,747 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | U.S. Government and agencies and corporations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Government-sponsored agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Nongovernment-sponsored entities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | State and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Corporate debt securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Asset-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Tax-exempt state and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Cap | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Hedge Assets | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Hedge Assets | 0 | |
Fair Value Hedge Liabilities | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 401,103 | 286,127 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. Government and agencies and corporations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 36,629 | 35,157 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Government-sponsored agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 62,211 | 59,046 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Nongovernment-sponsored entities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 26,586 | 16,687 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | State and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 137,786 | 50,905 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate debt securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 30,278 | 26,427 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Asset-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 24,883 | 46,126 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Tax-exempt state and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 82,730 | 51,779 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Cap | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Hedge Assets | 11,187 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Hedge Assets | 6,653 | |
Fair Value Hedge Liabilities | 1,124 | 2,747 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | U.S. Government and agencies and corporations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Government-sponsored agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Nongovernment-sponsored entities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | State and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Corporate debt securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Asset-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Tax-exempt state and political subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Cap | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Hedge Assets | 0 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value Hedge Assets | 0 | |
Fair Value Hedge Liabilities | $ 0 | $ 0 |
Fair Value Measurements (Asse_2
Fair Value Measurements (Assets And Liabilities Recorded At Fair Value On A Nonrecurring Basis) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Residential mortgage loans held for sale | $ 227 | $ 1,998 |
Collateral-dependent loans with an ACLL | 3,638 | 12,095 |
Property held for sale | 9,090 | 13,628 |
Commercial [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent loans with an ACLL | 8 | |
Commercial real estate [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent loans with an ACLL | 2,417 | 9,914 |
Property held for sale | 1,170 | 1,557 |
Construction and development [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent loans with an ACLL | 693 | 1,576 |
Property held for sale | 7,893 | 11,595 |
Residential real estate [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent loans with an ACLL | 528 | 597 |
Property held for sale | 27 | 476 |
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 loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Commercial [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent loans with an ACLL | 0 | |
Fair Value, Inputs, Level 1 [Member] | Commercial real estate [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Construction and development [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Residential real estate [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Residential mortgage loans held for sale | 227 | 1,998 |
Collateral-dependent loans with an ACLL | 3,638 | 12,095 |
Property held for sale | 9,090 | 13,007 |
Fair Value, Inputs, Level 2 [Member] | Commercial [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent loans with an ACLL | 8 | |
Fair Value, Inputs, Level 2 [Member] | Commercial real estate [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent loans with an ACLL | 2,417 | 9,914 |
Property held for sale | 1,170 | 1,557 |
Fair Value, Inputs, Level 2 [Member] | Construction and development [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent loans with an ACLL | 693 | 1,576 |
Property held for sale | 7,893 | 10,974 |
Fair Value, Inputs, Level 2 [Member] | Residential real estate [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent loans with an ACLL | 528 | 597 |
Property held for sale | 27 | 476 |
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 loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 621 |
Fair Value, Inputs, Level 3 [Member] | Commercial [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent loans with an ACLL | 0 | |
Fair Value, Inputs, Level 3 [Member] | Commercial real estate [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Construction and development [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 621 |
Fair Value, Inputs, Level 3 [Member] | Residential real estate [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Property held for sale | $ 0 | $ 0 |
Fair Value Measurements (Carryi
Fair Value Measurements (Carrying Values And Estimated Fair Values Of Financial Instruments) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Debt Securities, Available-for-sale | $ 401,103 | $ 286,127 |
Debt Securities, Held-to-maturity | 98,060 | 99,914 |
Equity Securities, FV-NI | 20,202 | 0 |
Loans held for sale, net | 227 | 1,998 |
Cash surrender value of life insurance policies | 60,613 | 59,438 |
Carrying Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 78,458 | 99,787 |
Debt Securities, Available-for-sale | 401,103 | 286,127 |
Debt Securities, Held-to-maturity | 98,060 | 99,914 |
Equity Securities, FV-NI | 20,202 | |
Other investments | 11,304 | 14,185 |
Loans held for sale, net | 227 | 1,998 |
Loans, net | 2,729,093 | 2,379,907 |
Accrued interest receivable | 10,578 | 11,989 |
Cash surrender value of life insurance policies | 60,613 | 59,438 |
Derivative Asset | 11,187 | 6,653 |
Total assets | 3,420,825 | 2,959,998 |
Deposits | 2,943,089 | 2,595,651 |
Short-term borrowings | 140,146 | 140,146 |
Long-term borrowings | 679 | 699 |
Subordinated Debt Obligations, Fair Value Disclosure | 102,891 | 29,364 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Accrued interest payable | 788 | 745 |
Derivative financial liabilities | 1,124 | 2,747 |
Total liabilities | 3,208,306 | 2,788,941 |
Estimated Fair Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cash and cash equivalents | 78,458 | 99,787 |
Debt Securities, Available-for-sale | 401,103 | 286,127 |
Debt Securities, Held-to-maturity | 101,242 | 103,157 |
Equity Securities, FV-NI | 20,202 | |
Other investments | 11,304 | 14,185 |
Loans held for sale, net | 227 | 1,998 |
Loans, net | 2,726,959 | 2,384,275 |
Accrued interest receivable | 10,578 | 11,989 |
Cash surrender value of life insurance policies | 60,613 | 59,438 |
Derivative Asset | 11,187 | 6,653 |
Total assets | 3,421,873 | 2,967,609 |
Deposits | 2,944,722 | 2,597,326 |
Short-term borrowings | 140,146 | 140,146 |
Long-term borrowings | 795 | 866 |
Subordinated Debt Obligations, Fair Value Disclosure | 103,623 | 29,364 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Accrued interest payable | 788 | 745 |
Derivative financial liabilities | 1,124 | 2,747 |
Total liabilities | 3,210,787 | 2,790,783 |
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 | 21,006 | 19,522 |
Debt Securities, Available-for-sale | 0 | 0 |
Debt Securities, Held-to-maturity | 0 | 0 |
Equity Securities, FV-NI | 0 | |
Other investments | 0 | 0 |
Loans held for sale, net | 0 | 0 |
Loans, net | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Cash surrender value of life insurance policies | 0 | 0 |
Derivative Asset | 0 | 0 |
Total assets | 21,006 | 19,522 |
Deposits | 0 | 0 |
Short-term borrowings | 0 | 0 |
Long-term borrowings | 0 | 0 |
Subordinated Debt Obligations, Fair Value Disclosure | 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 | 227 | 1,998 |
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 | 57,452 | 80,265 |
Debt Securities, Available-for-sale | 401,103 | 286,127 |
Debt Securities, Held-to-maturity | 101,242 | 103,157 |
Equity Securities, FV-NI | 20,202 | |
Other investments | 11,304 | 14,185 |
Loans held for sale, net | 227 | 1,998 |
Loans, net | 3,638 | 12,095 |
Accrued interest receivable | 10,578 | 11,989 |
Cash surrender value of life insurance policies | 60,613 | 59,438 |
Derivative Asset | 11,187 | 6,653 |
Total assets | 677,546 | 575,907 |
Deposits | 2,944,722 | 2,597,326 |
Short-term borrowings | 140,146 | 140,146 |
Long-term borrowings | 795 | 866 |
Subordinated Debt Obligations, Fair Value Disclosure | 0 | 29,364 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Accrued interest payable | 788 | 745 |
Derivative financial liabilities | 1,124 | 2,747 |
Total liabilities | 3,107,164 | 2,790,783 |
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 |
Debt Securities, Held-to-maturity | 0 | 0 |
Equity Securities, FV-NI | 0 | |
Other investments | 0 | 0 |
Loans held for sale, net | 0 | 0 |
Loans, net | 2,723,321 | 2,372,180 |
Accrued interest receivable | 0 | 0 |
Cash surrender value of life insurance policies | 0 | 0 |
Derivative Asset | 0 | 0 |
Total assets | 2,723,321 | 2,372,180 |
Deposits | 0 | 0 |
Short-term borrowings | 0 | 0 |
Long-term borrowings | 0 | 0 |
Subordinated Debt Obligations, Fair Value Disclosure | 103,623 | 0 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 0 | 0 |
Accrued interest payable | 0 | 0 |
Derivative financial liabilities | 0 | 0 |
Total liabilities | $ 103,623 | $ 0 |
Securities (Summary Of Amortize
Securities (Summary Of Amortized Cost, Unrealized Gains, Unrealized Losses And Estimated Fair Values) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | $ 398,643 | $ 277,157 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 6,223 | 10,715 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 3,763 | 1,745 |
Debt Securities, Available-for-sale | 401,103 | 286,127 |
U.S. Government and agencies and corporations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 36,820 | 35,190 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 169 | 361 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 360 | 394 |
Debt Securities, Available-for-sale | 36,629 | 35,157 |
Government-sponsored agencies [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 61,646 | 57,399 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 1,153 | 1,996 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 588 | 349 |
Debt Securities, Available-for-sale | 62,211 | 59,046 |
Nongovernment-sponsored entities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 26,839 | 16,799 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 26 | 132 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 279 | 244 |
Debt Securities, Available-for-sale | 26,586 | 16,687 |
State and Political Subdivisions General Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 78,627 | 15,065 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 377 | 804 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 1,323 | 4 |
Debt Securities, Available-for-sale | 77,681 | 15,865 |
State and Policital Subdivisions Water and Sewer Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 9,839 | 10,176 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 294 | 620 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 0 | 0 |
Debt Securities, Available-for-sale | 10,133 | 10,796 |
State and Political Subdivisions Lease Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 6,401 | 4,825 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 215 | 341 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 26 | 0 |
Debt Securities, Available-for-sale | 6,590 | 5,166 |
State and Political Subdivisions University Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 3,022 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 315 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 0 | |
Debt Securities, Available-for-sale | 3,337 | |
State and Political Subdivisions Income Tax Revenues [Domain] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 6,487 | 5,052 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 250 | 376 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 3 | 0 |
Debt Securities, Available-for-sale | 6,734 | 5,428 |
State and Political Subdivisions Sales Tax Revenues | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 6,909 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 19 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 99 | |
Debt Securities, Available-for-sale | 6,829 | |
State and Political Subdivisions Various Tax Revenues | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 13,031 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 218 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 203 | |
Debt Securities, Available-for-sale | 13,046 | |
State and Political Subdivisions Utility Revenues | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 7,153 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 137 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 130 | |
Debt Securities, Available-for-sale | 7,160 | |
State and policital subdivisions, Other revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 9,291 | 9,406 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 331 | 907 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 9 | 0 |
Debt Securities, Available-for-sale | 9,613 | 10,313 |
Corporate debt securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 30,524 | 26,483 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 78 | 56 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 324 | 112 |
Debt Securities, Available-for-sale | 30,278 | 26,427 |
Asset-backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 24,873 | 46,579 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 97 | 172 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 87 | 625 |
Debt Securities, Available-for-sale | 24,883 | 46,126 |
Total taxable debt securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 318,440 | 229,996 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 3,364 | 6,080 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 3,431 | 1,728 |
Debt Securities, Available-for-sale | 318,373 | 234,348 |
Tax Exempt State and Political Subdivisions General Obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 47,583 | 22,213 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 1,526 | 2,416 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 270 | 9 |
Debt Securities, Available-for-sale | 48,839 | 24,620 |
Tax Exempt State and Political Subdivisions Water and Sewer Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 10,618 | 8,266 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 375 | 709 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 15 | 0 |
Debt Securities, Available-for-sale | 10,978 | 8,975 |
Tax Exempt State and Political Subdivisions Lease Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 7,974 | 7,195 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 553 | 799 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 31 | 0 |
Debt Securities, Available-for-sale | 8,496 | 7,994 |
Tax Exempt State and Political Subdivisions Other Revenues [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 14,028 | 9,487 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 405 | 711 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 16 | 8 |
Debt Securities, Available-for-sale | 14,417 | 10,190 |
Total tax-exempt debt securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Total Amortized Cost | 80,203 | 47,161 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 2,859 | 4,635 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 332 | 17 |
Debt Securities, Available-for-sale | $ 82,730 | $ 51,779 |
Securities (Summary of Volume o
Securities (Summary of Volume of State and Political Subdivision Securities Held in Portfolio) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | $ 398,643 | $ 277,157 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 6,223 | 10,715 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 3,763 | 1,745 |
Debt Securities, Available-for-sale | 401,103 | $ 286,127 |
CALIFORNIA | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 48,491 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 772 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 752 | |
Debt Securities, Available-for-sale | 48,511 | |
TEXAS | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 23,343 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 437 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 379 | |
Debt Securities, Available-for-sale | 23,401 | |
PENNSYLVANIA | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 14,144 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 553 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 51 | |
Debt Securities, Available-for-sale | 14,646 | |
OREGON | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 14,756 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 242 | |
Debt Securities, Available-for-sale | 14,514 | |
WASHINGTON | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Amortized Cost | 12,801 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 286 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 87 | |
Debt Securities, Available-for-sale | $ 13,000 |
Securities (Summary Of Proceeds
Securities (Summary Of Proceeds From Sales, Calls And Maturities, Principal Payments, Gains And Losses Of Securities) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Debt Securities, Available-for-sale [Abstract] | |||
Proceeds from Sale of Debt Securities, Available-for-sale | $ 64,932 | $ 124,809 | $ 142,423 |
Securities available for sale, Proceeds from Calls and Maturities | 8,070 | 3,525 | 1,871 |
Securities available for sale, Proceeds from Principal Payments | 29,869 | 24,654 | 22,870 |
Debt Securities, Available-for-sale, Realized Gain | 1,210 | 3,489 | 2,270 |
Debt Securities, Available-for-sale, Realized Loss | $ 785 | $ 17 | $ 332 |
Securities (Summary Of Maturiti
Securities (Summary Of Maturities, Amortized Cost And Estimated Fair Values Of Securities) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Debt Securities, Available-for-sale [Abstract] | ||
Due in one year or less, Amortized Cost | $ 35,994 | |
Due from one to five years, Amortized Cost | 82,985 | |
Due from five to ten years, Amortized Cost | 61,419 | |
Due after ten years, Amortized Cost | 218,245 | |
Total Amortized Cost | 398,643 | $ 277,157 |
Due in one year or less, Estimated Fair Value | 36,145 | |
Due from one to five years, Estimated Fair Value | 84,082 | |
Due from five to ten years, Estimated Fair Value | 61,702 | |
Due after ten years, Estimated Fair Value | 219,174 | |
Total Estimated Fair Value | $ 401,103 | $ 286,127 |
Securities (Narrative) (Details
Securities (Narrative) (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021USD ($)securitystate | Dec. 31, 2020USD ($)security | Dec. 31, 2019USD ($) | |
Debt Securities, Available-for-Sale and Held-to-Maturity, after Allowance for Credit Loss [Abstract] | |||
State and Political Subdivisions Securities, Number of States with Highest Volume | state | 5 | ||
Debt Securities, Held-to-maturity, Nonaccrual | $ 0 | $ 0 | |
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities | $ 0 | 1,000 | $ 0 |
Debt Securities, Available-for-sale [Line Items] | |||
State and Political Subdivisions Securities, Number of States with Highest Volume | state | 5 | ||
Securities pledged to secure public deposits and other purposes | $ 234,300 | $ 162,800 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 157 | 78 | |
Debt Securities, Available-for-sale, Allowance for Credit Loss | $ 0 | ||
Accrued Interest Receivable Debt Securities Available for Sale | 2,300 | $ 1,700 | |
Accrued Interest Receivable Debt Securities Held to Maturity | 1,100 | 1,200 | |
Schedule of Held-to-maturity Securities [Line Items] | |||
Debt Securities, Held-to-maturity, Nonaccrual | 0 | 0 | |
Debt Securities, Held-to-maturity | 98,060 | 99,914 | |
Accrued Interest Receivable Debt Securities Held to Maturity | $ 1,100 | 1,200 | |
Residential Mortgage Backed Securities [Member] | Minimum [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Contractual maturity | 3 years | ||
Estimated average life to maturity | 1 month | ||
Residential Mortgage Backed Securities [Member] | Maximum [Member] | |||
Debt Securities, Available-for-sale [Line Items] | |||
Contractual maturity | 49 years | ||
Estimated average life to maturity | 17 years | ||
Financial Asset, Past Due | |||
Schedule of Held-to-maturity Securities [Line Items] | |||
Debt Securities, Held-to-maturity | $ 0 | $ 0 |
Securities (Summary Of Securiti
Securities (Summary Of Securities Available For Sale In Unrealized Loss Position) (Details) $ in Thousands | Dec. 31, 2021USD ($)security | Dec. 31, 2020USD ($)security |
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 157 | 78 |
Less than 12 months, Estimated Fair Value | $ 169,460 | $ 30,171 |
Less than 12 months, Unrealized Loss | (2,926) | (155) |
12 months or more, Estimated Fair Value | 39,837 | 59,645 |
12 months or more, Unrealized Loss | (837) | (1,590) |
Debt Securities, Available-for-sale, Unrealized Loss Position | 209,297 | 89,816 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 3,763 | $ 1,745 |
U.S. Government and agencies and corporations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 41 | 36 |
Less than 12 months, Estimated Fair Value | $ 6,630 | $ 12,611 |
Less than 12 months, Unrealized Loss | (23) | (54) |
12 months or more, Estimated Fair Value | 21,061 | 14,384 |
12 months or more, Unrealized Loss | (337) | (340) |
Debt Securities, Available-for-sale, Unrealized Loss Position | 27,691 | 26,995 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 360 | $ 394 |
Government-sponsored agencies [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 19 | 10 |
Less than 12 months, Estimated Fair Value | $ 19,828 | $ 3,127 |
Less than 12 months, Unrealized Loss | (376) | (34) |
12 months or more, Estimated Fair Value | 6,886 | 8,593 |
12 months or more, Unrealized Loss | (212) | (315) |
Debt Securities, Available-for-sale, Unrealized Loss Position | 26,714 | 11,720 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 588 | $ 349 |
Nongovernment-sponsored entities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 6 | 6 |
Less than 12 months, Estimated Fair Value | $ 4,345 | $ 6,770 |
Less than 12 months, Unrealized Loss | (61) | (35) |
12 months or more, Estimated Fair Value | 7,591 | 2,751 |
12 months or more, Unrealized Loss | (218) | (209) |
Debt Securities, Available-for-sale, Unrealized Loss Position | 11,936 | 9,521 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 279 | $ 244 |
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 | 41 | 1 |
Less than 12 months, Estimated Fair Value | $ 62,543 | $ 362 |
Less than 12 months, Unrealized Loss | (1,286) | (4) |
12 months or more, Estimated Fair Value | 1,055 | 0 |
12 months or more, Unrealized Loss | (37) | 0 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 63,598 | 362 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 1,323 | $ 4 |
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 | |
Less than 12 months, Estimated Fair Value | $ 1,564 | |
Less than 12 months, Unrealized Loss | (14) | |
12 months or more, Estimated Fair Value | 494 | |
12 months or more, Unrealized Loss | (12) | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 2,058 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 26 | |
State and Political Subdivisions Income Tax Revenues [Domain] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 1 | |
Less than 12 months, Estimated Fair Value | $ 721 | |
Less than 12 months, Unrealized Loss | (3) | |
12 months or more, Estimated Fair Value | 0 | |
12 months or more, Unrealized Loss | 0 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 721 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 3 | |
State and Political Subdivisions Sales Tax Revenues | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 2 | |
Less than 12 months, Estimated Fair Value | $ 6,052 | |
Less than 12 months, Unrealized Loss | (99) | |
12 months or more, Estimated Fair Value | 0 | |
12 months or more, Unrealized Loss | 0 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 6,052 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 99 | |
State and Political Subdivisions Various Tax Revenues | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 5 | |
Less than 12 months, Estimated Fair Value | $ 8,389 | |
Less than 12 months, Unrealized Loss | (203) | |
12 months or more, Estimated Fair Value | 0 | |
12 months or more, Unrealized Loss | 0 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 8,389 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 203 | |
State and Political Subdivisions Utility Revenues | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 3 | |
Less than 12 months, Estimated Fair Value | $ 5,175 | |
Less than 12 months, Unrealized Loss | (130) | |
12 months or more, Estimated Fair Value | 0 | |
12 months or more, Unrealized Loss | 0 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 5,175 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 130 | |
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 | |
Less than 12 months, Estimated Fair Value | $ 744 | |
Less than 12 months, Unrealized Loss | (9) | |
12 months or more, Estimated Fair Value | 0 | |
12 months or more, Unrealized Loss | 0 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 744 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 9 | |
Corporate debt securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 10 | 6 |
Less than 12 months, Estimated Fair Value | $ 10,534 | $ 3,952 |
Less than 12 months, Unrealized Loss | (314) | (16) |
12 months or more, Estimated Fair Value | 990 | 1,904 |
12 months or more, Unrealized Loss | (10) | (96) |
Debt Securities, Available-for-sale, Unrealized Loss Position | 11,524 | 5,856 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 324 | $ 112 |
Asset-backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | security | 8 | 16 |
Less than 12 months, Estimated Fair Value | $ 10,522 | $ 2,010 |
Less than 12 months, Unrealized Loss | (86) | (2) |
12 months or more, Estimated Fair Value | 751 | 31,862 |
12 months or more, Unrealized Loss | (1) | (623) |
Debt Securities, Available-for-sale, Unrealized Loss Position | 11,273 | 33,872 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 87 | $ 625 |
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 | 13 | 1 |
Less than 12 months, Estimated Fair Value | $ 25,555 | $ 924 |
Less than 12 months, Unrealized Loss | (261) | (9) |
12 months or more, Estimated Fair Value | 853 | 0 |
12 months or more, Unrealized Loss | (9) | 0 |
Debt Securities, Available-for-sale, Unrealized Loss Position | 26,408 | 924 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 270 | $ 9 |
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 | 1 | |
Less than 12 months, Estimated Fair Value | $ 904 | |
Less than 12 months, Unrealized Loss | (15) | |
12 months or more, Estimated Fair Value | 0 | |
12 months or more, Unrealized Loss | 0 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 904 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 15 | |
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 | 1 | |
Less than 12 months, Estimated Fair Value | $ 2,396 | |
Less than 12 months, Unrealized Loss | (31) | |
12 months or more, Estimated Fair Value | 0 | |
12 months or more, Unrealized Loss | 0 | |
Debt Securities, Available-for-sale, Unrealized Loss Position | 2,396 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 31 | |
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 | 3 | 2 |
Less than 12 months, Estimated Fair Value | $ 3,558 | $ 415 |
Less than 12 months, Unrealized Loss | (15) | (1) |
12 months or more, Estimated Fair Value | 156 | 151 |
12 months or more, Unrealized Loss | (1) | (7) |
Debt Securities, Available-for-sale, Unrealized Loss Position | 3,714 | 566 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $ 16 | $ 8 |
Securities (Summary of Amorti_2
Securities (Summary of Amortized Cost, Unrealized Gains, Unrealized Losses and Estimated Fair Values Held to Maturity Securities) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | $ 98,060 | $ 99,914 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 3,187 | 3,271 |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | 5 | 28 |
Debt securities, held-to-maturity, fair value | 101,242 | 103,157 |
Tax Exempt State and Political Subdivisions General Obligations [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | 71,807 | 73,179 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 2,583 | 2,524 |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | 0 | 0 |
Debt securities, held-to-maturity, fair value | 74,390 | 75,703 |
Tax Exempt State and Political Subdivisions Water and Sewer Revenues [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | 8,192 | 8,375 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 210 | 256 |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | 0 | 0 |
Debt securities, held-to-maturity, fair value | 8,402 | 8,631 |
Tax Exempt State and Political Subdivisions Lease Revenues [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | 4,316 | 4,395 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 74 | 88 |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | 0 | 0 |
Debt securities, held-to-maturity, fair value | 4,390 | 4,483 |
Tax Exempt State and Political Subdivisions Sales Tax Revenues | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | 4,582 | 4,649 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 106 | 94 |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | 0 | 3 |
Debt securities, held-to-maturity, fair value | 4,688 | 4,740 |
Tax Exempt State and Political Subdivisions Other Revenues [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | 9,163 | 9,316 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 214 | 309 |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | 5 | 25 |
Debt securities, held-to-maturity, fair value | $ 9,372 | $ 9,600 |
Securities (Summary of Volume_2
Securities (Summary of Volume of State and Political Subdivision Securities Held in Portfolio Held to Maturity (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | $ 98,060 | $ 99,914 |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 3,187 | 3,271 |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | 5 | 28 |
Debt securities, held-to-maturity, fair value | 101,242 | $ 103,157 |
TEXAS | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | 15,400 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 551 | |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | 0 | |
Debt securities, held-to-maturity, fair value | 15,951 | |
CALIFORNIA | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | 9,875 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 344 | |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | 0 | |
Debt securities, held-to-maturity, fair value | 10,219 | |
PENNSYLVANIA | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | 8,634 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 332 | |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | 0 | |
Debt securities, held-to-maturity, fair value | 8,966 | |
FLORIDA | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | 7,596 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 212 | |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | 0 | |
Debt securities, held-to-maturity, fair value | 7,808 | |
MICHIGAN | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | 7,034 | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 181 | |
Debt Securities, Held-to-maturity, Accumulated Unrecognized Loss | 4 | |
Debt securities, held-to-maturity, fair value | $ 7,211 |
Securities (Summary of Credit R
Securities (Summary of Credit Rating Held to Maturity Securities) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | $ 98,060 | $ 99,914 |
Standard & Poor's, AAA Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | 15,450 | 15,735 |
Standard & Poor's, AA Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | 75,119 | 76,585 |
Standard & Poor's, A Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | 7,491 | 7,594 |
Standard & Poor's, BBB Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | 0 | 0 |
Standard & Poor's, Below Investment Grade Rating | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt Securities, Held-to-maturity | $ 0 | $ 0 |
Securities (Summary of Maturity
Securities (Summary of Maturity Held to Maturity Securities) (Details) $ in Thousands | Dec. 31, 2021USD ($) |
Schedule of Held-to-maturity Securities [Line Items] | |
Debt Securities, Held-to-Maturity, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $ 0 |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | 0 |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | 0 |
Debt Securities, Held-to-Maturity, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | 0 |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | 2,024 |
Debt Securities, Held-to-Maturity, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | 1,996 |
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | 99,218 |
Debt Securities, Held-to-Maturity, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10 | 96,064 |
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Fair Value | 101,242 |
Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, Amortized Cost | $ 98,060 |
Other Investments Other Inves_2
Other Investments Other Investment (Narrative) (Details) | 12 Months Ended | ||
Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | |
Investments, All Other Investments [Abstract] | |||
Equity Securities without Readily Determinable Fair Value, Amount | $ 407,000 | $ 407,000 | |
Federal Home Loan Bank Stock | $ 6,800,000 | 9,800,000 | |
Number of Limited Partnerships | 4 | ||
Investment in a limited partnership | $ 4,100,000 | 3,900,000 | |
Investment Tax Credit | 1,087,000 | 746,000 | $ 669,000 |
Amortization on Investment in Limited Partnership | 877,000 | 549,000 | 552,000,000 |
Income Tax Benefit Recognized on Limited Partnerships | $ 206,000 | $ 248,000 | $ 177,000 |
Loans and Allowance For Credi_2
Loans and Allowance For Credit Losses (Narrative) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Number of Days Past Due When Loans are Placed on Nonaccrual Status | 90 days | |
Troubled debt restructurings included in impaired loans | $ 20,900 | $ 24,500 |
Current Troubled debt restructurings included in impaired loans | 18,700 | 20,500 |
Commitments to Lend Funds for Restructured Loans | 0 | |
Financing Receivable, Troubled Debt Restructuring, Individually Evaluated for Impairment, Minimum | $ 500 | |
Threshold Period Past Due for Loans to be Default | 30 days | |
Loan review aggregate exposure amount on non-homogenous commercial loan relationships | $ 5,000 | |
Loans Collectively Evaluated Fully Guaranteed or Cash Secured Loans | 19,800 | 83,900 |
Accrued Interest Receivable and Fees on Loans | 7,200 | 9,100 |
Concentrations of Loans to Any Single Industry in Excess of 10% of Total Loans | 0 | $ 0 |
Minimum [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Residential 1-4 family rental small loan / large loan classification | 600 | |
Maximum [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Residential 1-4 family rental small loan / large loan classification | $ 600 |
Loans (Summary of Loans, Net of
Loans (Summary of Loans, Net of Unearned Fees) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 2,761,391 | $ 2,412,153 |
Loans and Leases Receivable, Allowance | 32,298 | 32,246 |
Loans, net | 2,729,093 | 2,379,907 |
Commercial Loan [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 365,301 | 306,885 |
Commercial real estate owner occupied professional & medical | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 150,759 | 107,151 |
Commercial real estate owner occupied retail | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 190,304 | 126,451 |
Commercial real estate owner occupied other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 143,645 | 118,258 |
Commercial real estate non-owner occupied hotels & motels | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 128,450 | 121,502 |
Commercial real estate non-owner occupied mini-storage | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 59,045 | 60,550 |
Multifamily | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 233,157 | 175,988 |
Commercial real estate non-owner occupied retail | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 162,758 | 135,405 |
Commercial real estate non-owner occupied other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 282,621 | 192,120 |
Land And Land Improvements [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 100,805 | 107,342 |
Construction Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 146,038 | 91,100 |
Residential 1-4 family real estate personal residence | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 262,805 | 305,093 |
Residential 1-4 family real estate rental - small loan | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 121,989 | 120,426 |
Residential 1-4 family real estate rental - large loan | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 79,108 | 74,185 |
Home Equity [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 72,112 | 81,588 |
Mortgage Warehouse Lines [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 227,869 | 251,810 |
Consumer Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 31,923 | 33,906 |
Credit Card Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,891 | 1,855 |
Bank Overdrafts | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 811 | $ 538 |
Loans (Schedule of Loan Maturit
Loans (Schedule of Loan Maturities) (Details) $ in Thousands | Dec. 31, 2021USD ($) |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | $ 488,560 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 596,286 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 872,788 |
Loans Due After One Year | 1,439,286 |
Loans Due After One Year With Fixed Rates | 833,545 |
Loans Due After One Year | 2,272,831 |
Commercial Loan [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 140,478 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 144,002 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 5,571 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 75,250 |
Commercial real estate owner occupied professional & medical | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 2,728 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 55,306 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 38,963 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 53,762 |
Commercial real estate owner occupied retail | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 6,802 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 17,896 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 41,769 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 123,837 |
Commercial real estate owner occupied other | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 3,597 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 15,537 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 79,807 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 44,704 |
Commercial real estate non-owner occupied hotels & motels | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 7,531 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 24,698 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 61,282 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 34,939 |
Commercial real estate non-owner occupied mini-storage | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 21 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 1,244 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 38,453 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 19,327 |
Multifamily | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 4,384 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 67,778 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 104,457 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 56,538 |
Commercial real estate non-owner occupied retail | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 6,933 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 34,230 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 49,541 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 72,054 |
Commercial real estate non-owner occupied other | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 2,766 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 102,906 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 50,419 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 126,530 |
Land And Land Improvements [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 34,242 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 32,108 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 16,137 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 18,318 |
Construction Loans [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 31,665 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 47,437 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 34,657 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 32,279 |
Residential 1-4 family real estate personal residence | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 2,437 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 9,146 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 183,369 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 67,853 |
Residential 1-4 family real estate rental - small loan | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 7,101 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 8,163 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 64,248 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 42,477 |
Residential 1-4 family real estate rental - large loan | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 4,302 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 9,828 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 48,458 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 16,520 |
Home Equity [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 141 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 3,239 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 55,463 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 13,269 |
Mortgage Warehouse Lines [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 227,869 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 0 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 0 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 0 |
Consumer Portfolio Segment [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 2,861 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 22,768 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 194 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 6,100 |
Credit Card Receivable | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 1,891 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 0 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 0 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | 0 |
Bank Overdrafts | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loans and leases receivable, net of deferred income maturity within one year | 811 |
Loans and Leases Receivable, Net of Deferred Income Maturity After One Year Within Five Years | 0 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years | 0 |
Loans and Leases Receivable, Net of Deferred Income Maturity After Five Years Within Fifteen Years | $ 0 |
Loans (Schedule of Contractual
Loans (Schedule of Contractual Aging of Recorded Investment in Past Due Loans by Class) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | $ 4 | $ 2 |
Loans and Leases Receivable, Net of Deferred Income | 2,761,391 | 2,412,153 |
Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 365,301 | 306,885 |
Commercial real estate owner occupied professional & medical | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 150,759 | 107,151 |
Commercial real estate owner occupied retail | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 190,304 | 126,451 |
Commercial real estate owner occupied other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 143,645 | 118,258 |
Commercial real estate non-owner occupied hotels & motels | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 128,450 | 121,502 |
Commercial real estate non-owner occupied mini-storage | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 59,045 | 60,550 |
Multifamily | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 233,157 | 175,988 |
Commercial real estate non-owner occupied retail | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 162,758 | 135,405 |
Commercial real estate non-owner occupied other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 282,621 | 192,120 |
Land And Land Improvements [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 100,805 | 107,342 |
Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 146,038 | 91,100 |
Residential 1-4 family real estate personal residence | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 262,805 | 305,093 |
Residential 1-4 family real estate rental - small loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 121,989 | 120,426 |
Residential 1-4 family real estate rental - large loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 79,108 | 74,185 |
Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 72,112 | 81,588 |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 227,869 | 251,810 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 31,923 | 33,906 |
Credit Card Receivable | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 4 | 2 |
Loans and Leases Receivable, Net of Deferred Income | 1,891 | 1,855 |
Bank Overdrafts | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Recorded Investment greater then 90 days and Accruing | 0 | 0 |
Loans and Leases Receivable, Net of Deferred Income | 811 | 538 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 4,517 | 6,982 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 736 | 60 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial real estate owner occupied professional & medical | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 409 | 220 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial real estate owner occupied retail | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 54 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial real estate owner occupied other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 208 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial real estate non-owner occupied hotels & motels | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial real estate non-owner occupied mini-storage | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 2 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Multifamily | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial real estate non-owner occupied retail | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 66 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial real estate non-owner occupied other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Land And Land Improvements [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 38 | 47 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential 1-4 family real estate personal residence | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 2,283 | 3,750 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential 1-4 family real estate rental - small loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 429 | 1,129 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential 1-4 family real estate rental - large loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 769 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 236 | 758 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 98 | 190 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Credit Card Receivable | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 12 | 5 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Bank Overdrafts | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 2,076 | 1,602 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 15 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial real estate owner occupied professional & medical | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial real estate owner occupied retail | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 405 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial real estate owner occupied other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial real estate non-owner occupied hotels & motels | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial real estate non-owner occupied mini-storage | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Multifamily | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial real estate non-owner occupied retail | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial real estate non-owner occupied other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Land And Land Improvements [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 7 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential 1-4 family real estate personal residence | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,211 | 1,071 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential 1-4 family real estate rental - small loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 247 | 487 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential 1-4 family real estate rental - large loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 80 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 101 | 44 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Credit Card Receivable | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 10 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Bank Overdrafts | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 4,925 | 6,872 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 613 | 318 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial real estate owner occupied professional & medical | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 457 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial real estate owner occupied retail | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 144 | 2,259 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial real estate owner occupied other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 150 | 150 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial real estate non-owner occupied hotels & motels | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial real estate non-owner occupied mini-storage | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Multifamily | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 55 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial real estate non-owner occupied retail | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 338 | 657 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial real estate non-owner occupied other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 315 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Land And Land Improvements [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 962 | 70 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential 1-4 family real estate personal residence | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,384 | 1,656 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential 1-4 family real estate rental - small loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,093 | 719 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential 1-4 family real estate rental - large loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 175 | 197 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 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] | ||
Loans and Leases Receivable, Net of Deferred Income | 7 | 72 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Credit Card Receivable | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 4 | 2 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Bank Overdrafts | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financial Asset, Past Due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 11,518 | 15,456 |
Financial Asset, Past Due | Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,364 | 378 |
Financial Asset, Past Due | Commercial real estate owner occupied professional & medical | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 409 | 677 |
Financial Asset, Past Due | Commercial real estate owner occupied retail | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 549 | 2,313 |
Financial Asset, Past Due | Commercial real estate owner occupied other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 358 | 150 |
Financial Asset, Past Due | Commercial real estate non-owner occupied hotels & motels | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financial Asset, Past Due | Commercial real estate non-owner occupied mini-storage | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 2 | 0 |
Financial Asset, Past Due | Multifamily | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 55 | 0 |
Financial Asset, Past Due | Commercial real estate non-owner occupied retail | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 404 | 657 |
Financial Asset, Past Due | Commercial real estate non-owner occupied other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 315 |
Financial Asset, Past Due | Land And Land Improvements [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,007 | 117 |
Financial Asset, Past Due | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financial Asset, Past Due | Residential 1-4 family real estate personal residence | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 4,878 | 6,477 |
Financial Asset, Past Due | Residential 1-4 family real estate rental - small loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,769 | 2,335 |
Financial Asset, Past Due | Residential 1-4 family real estate rental - large loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 769 |
Financial Asset, Past Due | Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 491 | 955 |
Financial Asset, Past Due | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financial Asset, Past Due | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 206 | 306 |
Financial Asset, Past Due | Credit Card Receivable | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 26 | 7 |
Financial Asset, Past Due | Bank Overdrafts | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 |
Financial Asset, Not Past Due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 2,749,873 | 2,396,697 |
Financial Asset, Not Past Due | Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 363,937 | 306,507 |
Financial Asset, Not Past Due | Commercial real estate owner occupied professional & medical | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 150,350 | 106,474 |
Financial Asset, Not Past Due | Commercial real estate owner occupied retail | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 189,755 | 124,138 |
Financial Asset, Not Past Due | Commercial real estate owner occupied other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 143,287 | 118,108 |
Financial Asset, Not Past Due | Commercial real estate non-owner occupied hotels & motels | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 128,450 | 121,502 |
Financial Asset, Not Past Due | Commercial real estate non-owner occupied mini-storage | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 59,043 | 60,550 |
Financial Asset, Not Past Due | Multifamily | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 233,102 | 175,988 |
Financial Asset, Not Past Due | Commercial real estate non-owner occupied retail | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 162,354 | 134,748 |
Financial Asset, Not Past Due | Commercial real estate non-owner occupied other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 282,621 | 191,805 |
Financial Asset, Not Past Due | Land And Land Improvements [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 99,798 | 107,225 |
Financial Asset, Not Past Due | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 146,038 | 91,100 |
Financial Asset, Not Past Due | Residential 1-4 family real estate personal residence | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 257,927 | 298,616 |
Financial Asset, Not Past Due | Residential 1-4 family real estate rental - small loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 120,220 | 118,091 |
Financial Asset, Not Past Due | Residential 1-4 family real estate rental - large loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 79,108 | 73,416 |
Financial Asset, Not Past Due | Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 71,621 | 80,633 |
Financial Asset, Not Past Due | Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 227,869 | 251,810 |
Financial Asset, Not Past Due | Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 31,717 | 33,600 |
Financial Asset, Not Past Due | Credit Card Receivable | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,865 | 1,848 |
Financial Asset, Not Past Due | Bank Overdrafts | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 811 | $ 538 |
Loans (Schedule of Nonaccrual L
Loans (Schedule of Nonaccrual Loans Included in Net Balance of Loans) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | $ 12,692 | $ 20,333 |
Financing Receivable, Nonaccrual, No Allowance | 96 | 3,023 |
Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 740 | 525 |
Financing Receivable, Nonaccrual, No Allowance | 96 | 0 |
Commercial real estate owner occupied professional & medical | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 0 | 536 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Commercial real estate owner occupied retail | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 775 | 12,193 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 2,258 |
Commercial real estate owner occupied other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 341 | 384 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Commercial real estate non-owner occupied hotels & motels | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 3,085 | 0 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Commercial real estate non-owner occupied mini-storage | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 0 | 0 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Multifamily | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 55 | 0 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Commercial real estate non-owner occupied retail | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 338 | 809 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 657 |
Commercial real estate non-owner occupied other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 9 | 315 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Land And Land Improvements [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 1,560 | 70 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 0 | 165 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Residential 1-4 family real estate personal residence | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 2,504 | 3,424 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Residential 1-4 family real estate rental - small loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 3,094 | 1,603 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 108 |
Residential 1-4 family real estate rental - large loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 0 | 0 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Home Equity [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 174 | 236 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 0 | 0 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 17 | 73 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Credit Card Receivable | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 0 | 0 |
Financing Receivable, Nonaccrual, No Allowance | 0 | 0 |
Bank Overdrafts | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 0 | 0 |
Financing Receivable, Nonaccrual, No Allowance | $ 0 | $ 0 |
Loans and Allowance for Credi_3
Loans and Allowance for Credit Losses Loans (Schedule of Restructured Trouble Debt Restructuring By Class) (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021USD ($)contract | Dec. 31, 2020USD ($)contract | |
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | contract | 4 | 3 |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 294 | $ 808 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 294 | $ 808 |
Commercial real estate owner occupied other | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | contract | 0 | 1 |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 0 | $ 361 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 0 | $ 361 |
Residential 1-4 family real estate personal residence | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | contract | 4 | 1 |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 294 | $ 48 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 294 | $ 48 |
Residential 1-4 family real estate rental - small loan | ||
Financing Receivable, Modifications [Line Items] | ||
Financing Receivable, Modifications, Number of Contracts | contract | 0 | 1 |
Financing Receivable, Troubled Debt Restructuring, Premodification | $ 0 | $ 399 |
Financing Receivable, Troubled Debt Restructuring, Postmodification | $ 0 | $ 399 |
Loans and Allowance For Credi_4
Loans and Allowance For Credit Losses (Schedule of Defaults During Stated Period of Trouble Debt Restructurings) (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021USD ($)contract | Dec. 31, 2020USD ($)contract | |
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | contract | 1 | 3 |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ | $ 44 | $ 808 |
Commercial real estate owner occupied other | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | contract | 0 | 1 |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ | $ 0 | $ 361 |
Residential 1-4 family real estate personal residence | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | contract | 1 | 1 |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ | $ 44 | $ 48 |
Residential 1-4 family real estate rental - small loan | ||
Financing Receivable, Impaired [Line Items] | ||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | contract | 0 | 1 |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ | $ 0 | $ 399 |
Loans and Allowance For Credi_5
Loans and Allowance For Credit Losses Loans (Risk Ratings) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | $ 753,426 | $ 548,081 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 437,302 | 404,343 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 317,200 | 217,038 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 152,634 | 164,709 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 122,813 | 142,456 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 486,942 | 484,962 |
Financing Receivable, Revolving | 491,074 | 450,564 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 2,761,391 | 2,412,153 |
Commercial Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 124,718 | 113,383 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 36,663 | 46,538 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 31,295 | 23,107 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 5,638 | 16,829 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 8,909 | 11,328 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 14,607 | 13,301 |
Financing Receivable, Revolving | 143,471 | 82,399 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 365,301 | 306,885 |
Commercial Loan [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 123,890 | 112,335 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 36,339 | 46,323 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 31,116 | 20,936 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 5,549 | 16,723 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 8,831 | 11,087 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 14,061 | 12,336 |
Financing Receivable, Revolving | 141,003 | 78,107 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 360,789 | 297,847 |
Commercial Loan [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 693 | 9 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 279 | 38 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 69 | 1,956 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 41 | 77 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 60 | 201 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 539 | 909 |
Financing Receivable, Revolving | 1,984 | 407 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 3,665 | 3,597 |
Commercial Loan [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 135 | 1,039 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 45 | 177 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 110 | 215 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 48 | 29 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 18 | 40 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 7 | 56 |
Financing Receivable, Revolving | 484 | 3,885 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 847 | 5,441 |
Commercial real estate owner occupied professional & medical | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 72,417 | 20,704 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 13,087 | 16,735 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 7,046 | 2,540 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 4,595 | 26,578 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 23,156 | 3,458 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 28,092 | 34,057 |
Financing Receivable, Revolving | 2,366 | 3,079 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 150,759 | 107,151 |
Commercial real estate owner occupied professional & medical | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 72,417 | 19,454 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 11,869 | 16,414 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 7,046 | 2,540 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 4,595 | 26,578 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 22,939 | 3,322 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 27,905 | 28,905 |
Financing Receivable, Revolving | 2,366 | 3,079 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 149,137 | 100,292 |
Commercial real estate owner occupied professional & medical | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 1,171 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 1,146 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 187 | 5,152 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 1,333 | 6,323 |
Commercial real estate owner occupied professional & medical | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 79 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 72 | 321 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 217 | 136 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 289 | 536 |
Commercial real estate owner occupied retail | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 78,780 | 28,351 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 29,749 | 39,071 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 34,438 | 5,238 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 8,813 | 10,877 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 9,867 | 6,044 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 26,193 | 34,271 |
Financing Receivable, Revolving | 2,464 | 2,599 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 190,304 | 126,451 |
Commercial real estate owner occupied retail | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 78,780 | 28,351 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 29,749 | 28,547 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 33,114 | 5,238 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 8,813 | 10,288 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 9,318 | 6,041 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 25,296 | 31,087 |
Financing Receivable, Revolving | 2,464 | 2,199 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 187,534 | 111,751 |
Commercial real estate owner occupied retail | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 432 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 3 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 671 | 824 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 671 | 1,259 |
Commercial real estate owner occupied retail | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 10,524 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 1,324 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 157 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 549 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 226 | 2,360 |
Financing Receivable, Revolving | 0 | 400 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 2,099 | 13,441 |
Commercial real estate owner occupied other | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 32,864 | 28,712 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 30,897 | 13,722 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 13,216 | 17,699 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 16,716 | 9,845 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 7,501 | 13,119 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 39,631 | 33,624 |
Financing Receivable, Revolving | 2,820 | 1,537 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 143,645 | 118,258 |
Commercial real estate owner occupied other | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 32,805 | 28,712 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 30,897 | 13,722 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 13,216 | 17,699 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 16,716 | 9,845 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 7,501 | 13,119 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 38,796 | 32,486 |
Financing Receivable, Revolving | 2,782 | 1,496 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 142,713 | 117,079 |
Commercial real estate owner occupied other | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 59 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 532 | 694 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 591 | 694 |
Commercial real estate owner occupied other | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 303 | 444 |
Financing Receivable, Revolving | 38 | 41 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 341 | 485 |
Commercial Real Estate Owner Occupied | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 184,061 | 77,767 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 73,733 | 69,528 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 54,700 | 25,477 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 30,124 | 47,300 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 40,524 | 22,621 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 93,916 | 101,952 |
Financing Receivable, Revolving | 7,650 | 7,215 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 484,708 | 351,860 |
Commercial real estate non-owner occupied hotels & motels | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 1,736 | 6,422 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 6,143 | 61,219 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 69,575 | 18,894 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 15,949 | 9,880 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 6,953 | 7,389 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 20,563 | 14,538 |
Financing Receivable, Revolving | 7,531 | 3,160 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 128,450 | 121,502 |
Commercial real estate non-owner occupied hotels & motels | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 1,736 | 3,428 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 3,313 | 23,821 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 32,634 | 18,894 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 15,949 | 9,880 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 6,953 | 7,389 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 20,308 | 14,252 |
Financing Receivable, Revolving | 7,531 | 3,160 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 88,424 | 80,824 |
Commercial real estate non-owner occupied hotels & motels | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 2,994 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 37,398 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 36,941 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 286 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 36,941 | 40,678 |
Commercial real estate non-owner occupied hotels & motels | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 2,830 | |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 255 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, Revolving, Term | 0 | |
Financing Receivable, before Allowance for Credit Loss | 3,085 | |
Commercial real estate non-owner occupied mini-storage | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 13,294 | 10,159 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 7,641 | 19,022 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 9,218 | 15,046 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 14,209 | 3,986 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 4,506 | 6,228 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 10,156 | 5,939 |
Financing Receivable, Revolving | 21 | 170 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 59,045 | 60,550 |
Commercial real estate non-owner occupied mini-storage | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 13,294 | 10,159 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 7,641 | 19,022 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 9,218 | 15,046 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 14,209 | 3,986 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 4,506 | 6,228 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 10,109 | 4,780 |
Financing Receivable, Revolving | 21 | 170 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 58,998 | 59,391 |
Commercial real estate non-owner occupied mini-storage | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 47 | 50 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 47 | 50 |
Commercial real estate non-owner occupied mini-storage | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,109 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, Revolving, Term | 0 | |
Financing Receivable, before Allowance for Credit Loss | 1,109 | |
Multifamily | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 55,367 | 39,814 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 39,687 | 28,277 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 45,016 | 27,198 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 23,665 | 19,294 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 14,629 | 10,762 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 51,252 | 47,799 |
Financing Receivable, Revolving | 3,541 | 2,844 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 233,157 | 175,988 |
Multifamily | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 55,367 | 39,814 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 39,105 | 27,090 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 45,016 | 27,198 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 23,665 | 19,294 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 14,629 | 10,762 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 51,155 | 47,751 |
Financing Receivable, Revolving | 3,372 | 2,844 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 232,309 | 174,753 |
Multifamily | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 582 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 43 | 48 |
Financing Receivable, Revolving | 169 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 794 | 48 |
Multifamily | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 1,187 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 54 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 54 | 1,187 |
Commercial real estate non-owner occupied retail | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 52,533 | 44,359 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 42,177 | 27,357 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 20,763 | 11,169 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 7,653 | 9,513 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 6,778 | 4,860 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 26,268 | 31,645 |
Financing Receivable, Revolving | 6,586 | 6,502 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 162,758 | 135,405 |
Commercial real estate non-owner occupied retail | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 52,533 | 44,359 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 42,177 | 27,357 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 20,763 | 11,169 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 7,653 | 9,361 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 6,778 | 4,414 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 24,958 | 30,381 |
Financing Receivable, Revolving | 6,586 | 6,502 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 161,448 | 133,543 |
Commercial real estate non-owner occupied retail | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 446 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 972 | 540 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 972 | 986 |
Commercial real estate non-owner occupied retail | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 152 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 338 | 724 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 338 | 876 |
Commercial real estate non-owner occupied other | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 107,962 | 75,272 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 82,846 | 20,483 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 14,211 | 25,239 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 9,015 | 10,626 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 11,421 | 26,989 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 54,546 | 31,717 |
Financing Receivable, Revolving | 2,620 | 1,794 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 282,621 | 192,120 |
Commercial real estate non-owner occupied other | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 107,962 | 75,272 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 82,846 | 20,483 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 14,211 | 24,663 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 8,443 | 10,626 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 11,421 | 26,989 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 51,587 | 28,293 |
Financing Receivable, Revolving | 2,620 | 1,794 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 279,090 | 188,120 |
Commercial real estate non-owner occupied other | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 572 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 142 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 572 | 142 |
Commercial real estate non-owner occupied other | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 2,959 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, Revolving, Term | 0 | |
Financing Receivable, before Allowance for Credit Loss | 2,959 | |
Commercial real estate non-owner occupied other | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 576 | |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 3,282 | |
Financing Receivable, Revolving | 0 | |
Financing Receivable, Revolving, Term | 0 | |
Financing Receivable, before Allowance for Credit Loss | 3,858 | |
Commercial Real Estate Non-Owner Occupied | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 230,892 | 176,026 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 178,494 | 156,358 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 158,783 | 97,546 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 70,491 | 53,299 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 44,287 | 56,228 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 162,785 | 131,638 |
Financing Receivable, Revolving | 20,299 | 14,470 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 866,031 | 685,565 |
Land And Land Improvements [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 26,671 | 27,084 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 14,205 | 25,538 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 20,392 | 10,961 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 5,627 | 4,149 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 2,927 | 6,381 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 24,262 | 23,909 |
Financing Receivable, Revolving | 6,721 | 9,320 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 100,805 | 107,342 |
Land And Land Improvements [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 26,671 | 27,084 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 14,050 | 25,468 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 20,275 | 10,943 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 5,627 | 4,149 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 2,927 | 6,370 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 21,875 | 21,882 |
Financing Receivable, Revolving | 6,721 | 9,320 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 98,146 | 105,216 |
Land And Land Improvements [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 155 | 70 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 117 | 12 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 591 | 644 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 863 | 726 |
Land And Land Improvements [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 6 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 11 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,796 | 1,383 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 1,796 | 1,400 |
Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 64,352 | 50,060 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 64,022 | 35,832 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 7,438 | 2,833 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 1,736 | 885 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 170 | 165 |
Financing Receivable, Revolving | 8,320 | 1,325 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 146,038 | 91,100 |
Construction Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 64,352 | 50,060 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 64,022 | 34,480 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 7,438 | 2,833 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 1,407 | 885 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 8,320 | 1,325 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 145,539 | 89,583 |
Construction Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 1,352 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 329 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 170 | 165 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 499 | 1,517 |
Construction and development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 91,023 | 77,144 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 78,227 | 61,370 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 27,830 | 13,794 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 7,363 | 5,034 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 2,927 | 6,381 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 24,432 | 24,074 |
Financing Receivable, Revolving | 15,041 | 10,645 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 246,843 | 198,442 |
Residential 1-4 family real estate personal residence | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 39,637 | 51,120 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 34,962 | 31,703 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 19,633 | 28,032 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 19,693 | 23,876 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 15,587 | 24,139 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 133,293 | 146,223 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 262,805 | 305,093 |
Residential 1-4 family real estate personal residence | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 39,637 | 51,120 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 34,962 | 31,415 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 18,974 | 27,052 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 18,784 | 23,069 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 14,597 | 23,759 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 115,384 | 126,293 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 242,338 | 282,708 |
Residential 1-4 family real estate personal residence | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 242 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 184 | 131 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 62 | 267 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 534 | 254 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 10,377 | 12,020 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 11,157 | 12,914 |
Residential 1-4 family real estate personal residence | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 46 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 475 | 849 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 847 | 540 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 456 | 126 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 7,532 | 7,910 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 9,310 | 9,471 |
Residential 1-4 family real estate rental - small loan | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 30,571 | 18,872 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 14,229 | 21,529 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 14,283 | 14,763 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 12,148 | 10,708 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 7,081 | 11,179 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 38,903 | 39,266 |
Financing Receivable, Revolving | 4,774 | 4,109 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 121,989 | 120,426 |
Residential 1-4 family real estate rental - small loan | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 30,342 | 18,762 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 13,990 | 20,113 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 14,093 | 14,512 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 11,524 | 10,705 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 6,567 | 10,941 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 33,936 | 34,643 |
Financing Receivable, Revolving | 4,630 | 4,047 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 115,082 | 113,723 |
Residential 1-4 family real estate rental - small loan | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 229 | 110 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 107 | 253 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 57 | 251 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 250 | 3 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 1 | 192 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,579 | 1,749 |
Financing Receivable, Revolving | 9 | 62 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 2,232 | 2,620 |
Residential 1-4 family real estate rental - small loan | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 132 | 1,163 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 133 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 374 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 513 | 46 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 3,388 | 2,874 |
Financing Receivable, Revolving | 135 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 4,675 | 4,083 |
Residential 1-4 family real estate rental - large loan | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 34,558 | 16,926 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 14,069 | 6,914 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 5,971 | 9,456 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 5,283 | 5,323 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 2,790 | 9,133 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 15,359 | 24,245 |
Financing Receivable, Revolving | 1,078 | 2,188 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 79,108 | 74,185 |
Residential 1-4 family real estate rental - large loan | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 34,558 | 16,926 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 14,069 | 5,484 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 5,971 | 9,456 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 5,283 | 5,323 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 2,790 | 9,133 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 11,776 | 20,515 |
Financing Receivable, Revolving | 1,078 | 2,188 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 75,525 | 69,025 |
Residential 1-4 family real estate rental - large loan | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 1,430 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 29 | 32 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 29 | 1,462 |
Residential 1-4 family real estate rental - large loan | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 3,554 | 3,698 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 3,554 | 3,698 |
Home Equity [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 27 | 429 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 115 | 565 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 11 | 379 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 50 | 570 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 78 | 89 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,881 | 2,694 |
Financing Receivable, Revolving | 69,950 | 76,862 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 72,112 | 81,588 |
Home Equity [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 27 | 429 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 115 | 565 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 11 | 347 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 50 | 502 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 78 | 89 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,380 | 2,174 |
Financing Receivable, Revolving | 68,293 | 74,974 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 69,954 | 79,080 |
Home Equity [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 40 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 94 | 96 |
Financing Receivable, Revolving | 1,399 | 1,596 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 1,493 | 1,732 |
Home Equity [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 32 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 28 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 407 | 424 |
Financing Receivable, Revolving | 258 | 292 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 665 | 776 |
Residential 1-4 Family Real Estate | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 104,793 | 87,347 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 63,375 | 60,711 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 39,898 | 52,630 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 37,174 | 40,477 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 25,536 | 44,540 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 189,436 | 212,428 |
Financing Receivable, Revolving | 75,802 | 83,159 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 536,014 | 581,292 |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 227,869 | 251,810 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 227,869 | 251,810 |
Mortgage Warehouse Lines [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 227,869 | 251,810 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 227,869 | 251,810 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 15,237 | 14,021 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 6,810 | 9,838 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 4,694 | 4,484 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 1,844 | 1,770 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 630 | 1,358 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,766 | 1,569 |
Financing Receivable, Revolving | 942 | 866 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 31,923 | 33,906 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 14,134 | 12,785 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 6,333 | 9,257 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 4,444 | 4,239 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 1,767 | 1,609 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 540 | 1,237 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 1,691 | 1,516 |
Financing Receivable, Revolving | 902 | 822 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 29,811 | 31,465 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 904 | 991 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 381 | 454 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 210 | 214 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 66 | 155 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 87 | 70 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 53 | 49 |
Financing Receivable, Revolving | 11 | 18 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 1,712 | 1,951 |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 199 | 245 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 96 | 127 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 40 | 31 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 11 | 6 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 3 | 51 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 22 | 4 |
Financing Receivable, Revolving | 29 | 26 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 400 | 490 |
Credit Card Receivable | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 1,891 | 1,855 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 1,891 | 1,855 |
Credit Card Receivable | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 1,891 | 1,855 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 1,891 | 1,855 |
Bank Overdrafts | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 811 | 538 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 811 | 538 |
Bank Overdrafts | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 811 | 538 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | 811 | 538 |
Other Financing Receivable | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Financing Receivable, Year One, Originated, Current Fiscal Year | 2,702 | 2,393 |
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Originated, More than Five Years before Current Fiscal Year | 0 | 0 |
Financing Receivable, Revolving | 0 | 0 |
Financing Receivable, Revolving, Term | 0 | 0 |
Financing Receivable, before Allowance for Credit Loss | $ 2,702 | $ 2,393 |
Loans and Allowance For Credi_6
Loans and Allowance For Credit Losses Loans (Schedule of Related Party Loans) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Receivables [Abstract] | |||
Loans and Leases Receivable, Related Parties | $ 53,212 | $ 55,092 | $ 51,292 |
Loans and Leases Receivable, Related Parties, Additions | 2,677 | 17,641 | |
Loans and Leases Receivable, Related Parties, Proceeds | (4,557) | (13,992) | |
Loans and Leases Receivable, Related Parties, Other Changes, Net | $ 0 | $ 151 |
Loans and Allowance For Credi_7
Loans and Allowance For Credit Losses (Summary of Analysis Of Allowance For Loan Losses) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | $ 32,298 | $ 32,246 | $ 13,074 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 91 | 1,206 | |
Provision for Loan, Lease, and Other Losses | 915 | 12,743 | |
Total Losses | (1,507) | (2,609) | |
Total Recoveries | 553 | 906 | |
Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 6,926 | ||
Commercial Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 3,218 | 2,304 | 1,221 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 0 | |
Provision for Loan, Lease, and Other Losses | 1,112 | 85 | |
Total Losses | (222) | (99) | |
Total Recoveries | 24 | 33 | |
Commercial Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 1,064 | ||
Commercial real estate owner occupied professional & medical | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 1,092 | 954 | 1,058 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 71 | 1 | |
Provision for Loan, Lease, and Other Losses | 71 | 1,290 | |
Total Losses | (4) | (1,005) | |
Total Recoveries | 0 | 0 | |
Commercial real estate owner occupied professional & medical | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | (390) | ||
Commercial real estate owner occupied retail | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 1,362 | 3,173 | 820 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 152 | |
Provision for Loan, Lease, and Other Losses | (1,812) | 2,311 | |
Total Losses | 0 | 0 | |
Total Recoveries | 1 | 162 | |
Commercial real estate owner occupied retail | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | (272) | ||
Commercial real estate owner occupied other | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 575 | 610 | 821 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 1 | |
Provision for Loan, Lease, and Other Losses | (35) | (104) | |
Total Losses | 0 | 0 | |
Total Recoveries | 0 | 29 | |
Commercial real estate owner occupied other | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | (137) | ||
Commercial real estate non-owner occupied hotels & motels | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 2,532 | 2,135 | 1,235 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 0 | |
Provision for Loan, Lease, and Other Losses | 397 | 1,836 | |
Total Losses | 0 | 0 | |
Total Recoveries | 0 | 0 | |
Commercial real estate non-owner occupied hotels & motels | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | (936) | ||
Commercial real estate non-owner occupied mini-storage | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 133 | 337 | 485 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 115 | |
Provision for Loan, Lease, and Other Losses | (204) | 48 | |
Total Losses | 0 | 0 | |
Total Recoveries | 0 | 0 | |
Commercial real estate non-owner occupied mini-storage | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | (311) | ||
Multifamily | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 1,821 | 1,547 | 1,534 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 122 | |
Provision for Loan, Lease, and Other Losses | 265 | (155) | |
Total Losses | 0 | 0 | |
Total Recoveries | 9 | 38 | |
Multifamily | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 8 | ||
Commercial real estate non-owner occupied retail | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 1,074 | 981 | 964 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 101 | |
Provision for Loan, Lease, and Other Losses | 93 | (22) | |
Total Losses | 0 | (343) | |
Total Recoveries | 0 | 2 | |
Commercial real estate non-owner occupied retail | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 279 | ||
Commercial real estate non-owner occupied other | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 1,820 | 1,104 | 1,721 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 58 | |
Provision for Loan, Lease, and Other Losses | 947 | 700 | |
Total Losses | (233) | 0 | |
Total Recoveries | 2 | 19 | |
Commercial real estate non-owner occupied other | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | (1,394) | ||
Land And Land Improvements [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 3,468 | 4,084 | 600 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 111 | |
Provision for Loan, Lease, and Other Losses | (628) | 1,202 | |
Total Losses | 0 | (7) | |
Total Recoveries | 12 | 42 | |
Land And Land Improvements [Member] | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 2,136 | ||
Construction Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 6,346 | 4,648 | 242 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 251 | |
Provision for Loan, Lease, and Other Losses | 1,698 | 3,159 | |
Total Losses | 0 | 0 | |
Total Recoveries | 0 | 0 | |
Construction Loans [Member] | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 996 | ||
Residential 1-4 family real estate personal residence | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 2,765 | 3,559 | 1,275 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 182 | |
Provision for Loan, Lease, and Other Losses | (548) | 980 | |
Total Losses | (365) | (252) | |
Total Recoveries | 119 | 92 | |
Residential 1-4 family real estate personal residence | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 1,282 | ||
Residential 1-4 family real estate rental - small loan | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 2,834 | 2,736 | 532 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 20 | 96 | |
Provision for Loan, Lease, and Other Losses | 177 | 657 | |
Total Losses | (189) | (140) | |
Total Recoveries | 90 | 138 | |
Residential 1-4 family real estate rental - small loan | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 1,453 | ||
Residential 1-4 family real estate rental - large loan | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 2,374 | 3,007 | 49 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 16 | |
Provision for Loan, Lease, and Other Losses | (633) | 58 | |
Total Losses | 0 | 0 | |
Total Recoveries | 0 | 0 | |
Residential 1-4 family real estate rental - large loan | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 2,884 | ||
Home Equity [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 497 | 713 | 138 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 0 | |
Provision for Loan, Lease, and Other Losses | (206) | 246 | |
Total Losses | (26) | (24) | |
Total Recoveries | 16 | 45 | |
Home Equity [Member] | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 308 | ||
Mortgage Warehouse Lines [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | 0 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 0 | |
Provision for Loan, Lease, and Other Losses | 0 | 0 | |
Total Losses | 0 | 0 | |
Total Recoveries | 0 | 0 | |
Mortgage Warehouse Lines [Member] | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | ||
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 163 | 216 | 379 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 0 | |
Provision for Loan, Lease, and Other Losses | (44) | 166 | |
Total Losses | (131) | (239) | |
Total Recoveries | 122 | 148 | |
Consumer Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | (238) | ||
Credit Card Receivable | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 17 | 17 | 0 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 0 | |
Provision for Loan, Lease, and Other Losses | 10 | 35 | |
Total Losses | (16) | (40) | |
Total Recoveries | 6 | 10 | |
Credit Card Receivable | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 12 | ||
Bank Overdrafts | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses | 207 | 121 | $ 0 |
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | 0 | 0 | |
Provision for Loan, Lease, and Other Losses | 255 | 251 | |
Total Losses | (321) | (460) | |
Total Recoveries | $ 152 | 148 | |
Bank Overdrafts | Cumulative Effect, Period of Adoption, Adjustment | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Period Increase (Decrease) | $ 182 |
Loans and Allowance For Credi_8
Loans and Allowance For Credit Losses Loans (Summary of Impaired Financing Receivables) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | $ 27,523 | $ 44,460 | |
Loans collectively evaluated for impairment | 2,733,868 | 2,367,693 | |
Total | 2,761,391 | 2,412,153 | |
Allowance related to: Loans individually evaluated for impairment | 2,096 | 3,724 | |
Allowance related to: Loans collectively evaluated for impairment | 30,202 | 28,522 | |
Financing Receivable, Allowance for Credit Losses | 32,298 | 32,246 | $ 13,074 |
Commercial Loan [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 177 | 4,851 | |
Loans collectively evaluated for impairment | 365,124 | 302,034 | |
Total | 365,301 | 306,885 | |
Allowance related to: Loans individually evaluated for impairment | 0 | 8 | |
Allowance related to: Loans collectively evaluated for impairment | 3,218 | 2,296 | |
Financing Receivable, Allowance for Credit Losses | 3,218 | 2,304 | 1,221 |
Commercial real estate owner occupied professional & medical | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 2,073 | 2,171 | |
Loans collectively evaluated for impairment | 148,686 | 104,980 | |
Total | 150,759 | 107,151 | |
Allowance related to: Loans individually evaluated for impairment | 199 | 223 | |
Allowance related to: Loans collectively evaluated for impairment | 893 | 731 | |
Financing Receivable, Allowance for Credit Losses | 1,092 | 954 | 1,058 |
Commercial real estate owner occupied retail | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 5,559 | 17,458 | |
Loans collectively evaluated for impairment | 184,745 | 108,993 | |
Total | 190,304 | 126,451 | |
Allowance related to: Loans individually evaluated for impairment | 0 | 2,258 | |
Allowance related to: Loans collectively evaluated for impairment | 1,362 | 915 | |
Financing Receivable, Allowance for Credit Losses | 1,362 | 3,173 | 820 |
Commercial real estate owner occupied other | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 0 | 0 | |
Loans collectively evaluated for impairment | 143,645 | 118,258 | |
Total | 143,645 | 118,258 | |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | |
Allowance related to: Loans collectively evaluated for impairment | 575 | 610 | |
Financing Receivable, Allowance for Credit Losses | 575 | 610 | 821 |
Commercial real estate non-owner occupied hotels & motels | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 3,085 | 0 | |
Loans collectively evaluated for impairment | 125,365 | 121,502 | |
Total | 128,450 | 121,502 | |
Allowance related to: Loans individually evaluated for impairment | 669 | 0 | |
Allowance related to: Loans collectively evaluated for impairment | 1,863 | 2,135 | |
Financing Receivable, Allowance for Credit Losses | 2,532 | 2,135 | 1,235 |
Commercial real estate non-owner occupied mini-storage | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 1,058 | 1,109 | |
Loans collectively evaluated for impairment | 57,987 | 59,441 | |
Total | 59,045 | 60,550 | |
Allowance related to: Loans individually evaluated for impairment | 0 | 111 | |
Allowance related to: Loans collectively evaluated for impairment | 133 | 226 | |
Financing Receivable, Allowance for Credit Losses | 133 | 337 | 485 |
Multifamily | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 0 | 1,187 | |
Loans collectively evaluated for impairment | 233,157 | 174,801 | |
Total | 233,157 | 175,988 | |
Allowance related to: Loans individually evaluated for impairment | 0 | 135 | |
Allowance related to: Loans collectively evaluated for impairment | 1,821 | 1,412 | |
Financing Receivable, Allowance for Credit Losses | 1,821 | 1,547 | 1,534 |
Commercial real estate non-owner occupied retail | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 2,693 | 3,473 | |
Loans collectively evaluated for impairment | 160,065 | 131,932 | |
Total | 162,758 | 135,405 | |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | |
Allowance related to: Loans collectively evaluated for impairment | 1,074 | 981 | |
Financing Receivable, Allowance for Credit Losses | 1,074 | 981 | 964 |
Commercial real estate non-owner occupied other | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 5,726 | 5,857 | |
Loans collectively evaluated for impairment | 276,895 | 186,263 | |
Total | 282,621 | 192,120 | |
Allowance related to: Loans individually evaluated for impairment | 69 | 129 | |
Allowance related to: Loans collectively evaluated for impairment | 1,751 | 975 | |
Financing Receivable, Allowance for Credit Losses | 1,820 | 1,104 | 1,721 |
Land And Land Improvements [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 2,004 | 1,891 | |
Loans collectively evaluated for impairment | 98,801 | 105,451 | |
Total | 100,805 | 107,342 | |
Allowance related to: Loans individually evaluated for impairment | 723 | 623 | |
Allowance related to: Loans collectively evaluated for impairment | 2,745 | 3,461 | |
Financing Receivable, Allowance for Credit Losses | 3,468 | 4,084 | 600 |
Construction Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 0 | 1,352 | |
Loans collectively evaluated for impairment | 146,038 | 89,748 | |
Total | 146,038 | 91,100 | |
Allowance related to: Loans individually evaluated for impairment | 0 | 135 | |
Allowance related to: Loans collectively evaluated for impairment | 6,346 | 4,513 | |
Financing Receivable, Allowance for Credit Losses | 6,346 | 4,648 | 242 |
Residential 1-4 family real estate personal residence | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 0 | 0 | |
Loans collectively evaluated for impairment | 262,805 | 305,093 | |
Total | 262,805 | 305,093 | |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | |
Allowance related to: Loans collectively evaluated for impairment | 2,765 | 3,559 | |
Financing Receivable, Allowance for Credit Losses | 2,765 | 3,559 | 1,275 |
Residential 1-4 family real estate rental - small loan | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 1,463 | 1,300 | |
Loans collectively evaluated for impairment | 120,526 | 119,126 | |
Total | 121,989 | 120,426 | |
Allowance related to: Loans individually evaluated for impairment | 436 | 102 | |
Allowance related to: Loans collectively evaluated for impairment | 2,398 | 2,634 | |
Financing Receivable, Allowance for Credit Losses | 2,834 | 2,736 | 532 |
Residential 1-4 family real estate rental - large loan | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 3,162 | 3,288 | |
Loans collectively evaluated for impairment | 75,946 | 70,897 | |
Total | 79,108 | 74,185 | |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | |
Allowance related to: Loans collectively evaluated for impairment | 2,374 | 3,007 | |
Financing Receivable, Allowance for Credit Losses | 2,374 | 3,007 | 49 |
Home Equity [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 523 | 523 | |
Loans collectively evaluated for impairment | 71,589 | 81,065 | |
Total | 72,112 | 81,588 | |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | |
Allowance related to: Loans collectively evaluated for impairment | 497 | 713 | |
Financing Receivable, Allowance for Credit Losses | 497 | 713 | 138 |
Mortgage Warehouse Lines [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 0 | 0 | |
Loans collectively evaluated for impairment | 227,869 | 251,810 | |
Total | 227,869 | 251,810 | |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | |
Allowance related to: Loans collectively evaluated for impairment | 0 | 0 | |
Financing Receivable, Allowance for Credit Losses | 0 | 0 | 0 |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 0 | 0 | |
Loans collectively evaluated for impairment | 31,923 | 33,906 | |
Total | 31,923 | 33,906 | |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | |
Allowance related to: Loans collectively evaluated for impairment | 163 | 216 | |
Financing Receivable, Allowance for Credit Losses | 163 | 216 | 379 |
Credit Card Receivable | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 0 | 0 | |
Loans collectively evaluated for impairment | 1,891 | 1,855 | |
Total | 1,891 | 1,855 | |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | |
Allowance related to: Loans collectively evaluated for impairment | 17 | 17 | |
Financing Receivable, Allowance for Credit Losses | 17 | 17 | 0 |
Bank Overdrafts | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Loans individually evaluated for impairment | 0 | 0 | |
Loans collectively evaluated for impairment | 811 | 538 | |
Total | 811 | 538 | |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 | |
Allowance related to: Loans collectively evaluated for impairment | 207 | 121 | |
Financing Receivable, Allowance for Credit Losses | $ 207 | $ 121 | $ 0 |
Loans and Allowance For Credi_9
Loans and Allowance For Credit Losses Loans (Collateral Dependent Loans) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | $ 27,523 | $ 44,460 |
Allowance related to: Loans individually evaluated for impairment | 2,096 | 3,724 |
Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 27,346 | 39,609 |
Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 177 | 4,851 |
Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 27,523 | 44,460 |
Allowance related to: Loans individually evaluated for impairment | 2,096 | 3,724 |
Commercial Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 177 | 4,851 |
Allowance related to: Loans individually evaluated for impairment | 0 | 8 |
Commercial Loan [Member] | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Commercial Loan [Member] | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 177 | 4,851 |
Commercial Loan [Member] | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 177 | 4,851 |
Allowance related to: Loans individually evaluated for impairment | 0 | 8 |
Commercial real estate owner occupied professional & medical | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 2,073 | 2,171 |
Allowance related to: Loans individually evaluated for impairment | 199 | 223 |
Commercial real estate owner occupied professional & medical | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 2,073 | 2,171 |
Commercial real estate owner occupied professional & medical | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Commercial real estate owner occupied professional & medical | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 2,073 | 2,171 |
Allowance related to: Loans individually evaluated for impairment | 199 | 223 |
Commercial real estate owner occupied retail | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 5,559 | 17,458 |
Allowance related to: Loans individually evaluated for impairment | 0 | 2,258 |
Commercial real estate owner occupied retail | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 5,559 | 17,458 |
Commercial real estate owner occupied retail | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Commercial real estate owner occupied retail | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 5,559 | 17,458 |
Allowance related to: Loans individually evaluated for impairment | 0 | 2,258 |
Commercial real estate owner occupied other | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 |
Commercial real estate owner occupied other | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Commercial real estate owner occupied other | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Commercial real estate owner occupied other | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 |
Commercial real estate non-owner occupied hotels & motels | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 3,085 | 0 |
Allowance related to: Loans individually evaluated for impairment | 669 | 0 |
Commercial real estate non-owner occupied hotels & motels | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 3,085 | 0 |
Commercial real estate non-owner occupied hotels & motels | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Commercial real estate non-owner occupied hotels & motels | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 3,085 | 0 |
Allowance related to: Loans individually evaluated for impairment | 669 | 0 |
Commercial real estate non-owner occupied mini-storage | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 1,058 | 1,109 |
Allowance related to: Loans individually evaluated for impairment | 0 | 111 |
Commercial real estate non-owner occupied mini-storage | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 1,058 | 1,109 |
Commercial real estate non-owner occupied mini-storage | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Commercial real estate non-owner occupied mini-storage | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 1,058 | 1,109 |
Allowance related to: Loans individually evaluated for impairment | 0 | 111 |
Multifamily | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 1,187 |
Allowance related to: Loans individually evaluated for impairment | 0 | 135 |
Multifamily | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 1,187 |
Multifamily | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Multifamily | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 1,187 |
Allowance related to: Loans individually evaluated for impairment | 0 | 135 |
Commercial real estate non-owner occupied retail | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 2,693 | 3,473 |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 |
Commercial real estate non-owner occupied retail | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 2,693 | 3,473 |
Commercial real estate non-owner occupied retail | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Commercial real estate non-owner occupied retail | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 2,693 | 3,473 |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 |
Commercial real estate non-owner occupied other | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 5,726 | 5,857 |
Allowance related to: Loans individually evaluated for impairment | 69 | 129 |
Commercial real estate non-owner occupied other | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 5,726 | 5,857 |
Commercial real estate non-owner occupied other | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Commercial real estate non-owner occupied other | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 5,726 | 5,857 |
Allowance related to: Loans individually evaluated for impairment | 69 | 129 |
Land And Land Improvements [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 2,004 | 1,891 |
Allowance related to: Loans individually evaluated for impairment | 723 | 623 |
Land And Land Improvements [Member] | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 2,004 | 1,891 |
Land And Land Improvements [Member] | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Land And Land Improvements [Member] | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 2,004 | 1,891 |
Allowance related to: Loans individually evaluated for impairment | 723 | 623 |
Construction Loans [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 1,352 |
Allowance related to: Loans individually evaluated for impairment | 0 | 135 |
Construction Loans [Member] | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 1,352 |
Construction Loans [Member] | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Construction Loans [Member] | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 1,352 |
Allowance related to: Loans individually evaluated for impairment | 0 | 135 |
Residential 1-4 family real estate personal residence | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 |
Residential 1-4 family real estate personal residence | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Residential 1-4 family real estate personal residence | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Residential 1-4 family real estate personal residence | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 |
Residential 1-4 family real estate rental - small loan | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 1,463 | 1,300 |
Allowance related to: Loans individually evaluated for impairment | 436 | 102 |
Residential 1-4 family real estate rental - small loan | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 1,463 | 1,300 |
Residential 1-4 family real estate rental - small loan | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Residential 1-4 family real estate rental - small loan | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 1,463 | 1,300 |
Allowance related to: Loans individually evaluated for impairment | 436 | 102 |
Residential 1-4 family real estate rental - large loan | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 3,162 | 3,288 |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 |
Residential 1-4 family real estate rental - large loan | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 3,162 | 3,288 |
Residential 1-4 family real estate rental - large loan | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Residential 1-4 family real estate rental - large loan | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 3,162 | 3,288 |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 |
Home Equity [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 523 | 523 |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 |
Home Equity [Member] | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 523 | 523 |
Home Equity [Member] | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Home Equity [Member] | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 523 | 523 |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 |
Consumer Portfolio Segment [Member] | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Consumer Portfolio Segment [Member] | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Consumer Portfolio Segment [Member] | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 |
Credit Card Receivable | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 |
Credit Card Receivable | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Credit Card Receivable | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Credit Card Receivable | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 |
Bank Overdrafts | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Allowance related to: Loans individually evaluated for impairment | 0 | 0 |
Bank Overdrafts | Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Bank Overdrafts | Non-Real Estate | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Bank Overdrafts | Collateral Pledged | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Loans individually evaluated for impairment | 0 | 0 |
Allowance related to: Loans individually evaluated for impairment | $ 0 | $ 0 |
Property Held For Sale (Narrati
Property Held For Sale (Narrative) (Details) $ in Thousands | Dec. 31, 2021USD ($) |
Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract] | |
Foreclosed Property Consumer Residential Real Estate | $ 576 |
Property Held For Sale (Details
Property Held For Sale (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Activity of Property Held for Sale [Roll Forward] | |||
Beginning balance | $ 15,588 | $ 19,276 | $ 21,432 |
Acquisitions | 532 | 1,132 | 4,549 |
Real Estate Acquired Through Foreclosure Acquired through Merger Acquisition | 0 | 146 | 0 |
Capitalized improvements | 0 | 1,352 | 512 |
Dispositions | (4,845) | (4,535) | (5,142) |
Valuation adjustments | (1,417) | (1,783) | (2,075) |
Balance at year end | $ 9,858 | $ 15,588 | $ 19,276 |
Premises And Equipment (Major C
Premises And Equipment (Major Categories Of Premises And Equipment And Accumulated Depreciation) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Property, Plant and Equipment [Line Items] | ||
Premises and equipment, gross | $ 89,095 | $ 82,542 |
Less accumulated depreciation | (32,724) | (30,005) |
Total premises and equipment, net | 56,371 | 52,537 |
Land [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment, gross | 13,786 | 12,172 |
Building and improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment, gross | 44,121 | 41,602 |
Furniture and equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment, gross | $ 31,188 | $ 28,768 |
Premises And Equipment (Narrati
Premises And Equipment (Narrative) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Property, Plant and Equipment [Line Items] | |||
Capitalized Interest | $ 0 | $ 0 | |
Depreciation expense | $ 3,587 | $ 3,223 | $ 2,614 |
Building [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Useful life | 30 years | ||
Furniture and equipment [Member] | Minimum [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Useful life | 3 years | ||
Furniture and equipment [Member] | Maximum [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Useful life | 10 years |
Leases (Narrative) (Details)
Leases (Narrative) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Leases [Abstract] | |||
Operating Lease, Right-of-Use Asset | $ 6,400 | $ 5,500 | |
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] | Other assets | Other assets | |
Operating Lease, Liability | $ 6,567 | $ 5,600 | |
Operating Lease, Liability, Statement of Financial Position [Extensible List] | Other liabilities | Other liabilities | |
Operating Lease, Payments | $ 732 | $ 358 | $ 95 |
Operating Lease, Expense | $ 904 | $ 606 | $ 306 |
Lessee, Operating Lease, Remaining Lease Term | 9 years | 12 years | |
Lessee, Operating Lease, Discount Rate | 1.46% | 1.57% |
Leases (Schedule of Rent Expens
Leases (Schedule of Rent Expense) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Leases [Abstract] | |||
Operating Lease, Right-of-Use Asset, Amortization Expense | $ 858 | $ 540 | $ 130 |
Short Term Lease Expense | 46 | 66 | 176 |
Operating Lease, Expense | $ 904 | $ 606 | $ 306 |
Leases (Schedule of Future Mini
Leases (Schedule of Future Minimum Rental Payments for Operating Leases) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Leases [Abstract] | ||
Operating Leases, Future Minimum Payments Due, Next Twelve Months | $ 948 | |
Operating Leases, Future Minimum Payments, Due in Two Years | 829 | |
Operating Leases, Future Minimum Payments, Due in Three Years | 808 | |
Operating Leases, Future Minimum Payments, Due in Four Years | 756 | |
Operating Leases, Future Minimum Payments, Due in Five Years | 714 | |
Operating Leases, Future Minimum Payments, Due Thereafter | 2,965 | |
Lessee, Operating Lease, Liability, to be Paid | 7,020 | |
Lessee, Operating Lease, Liability, Undiscounted Excess Amount | (453) | |
Operating Lease, Liability | $ 6,567 | $ 5,600 |
Goodwill And Other Intangible_3
Goodwill And Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |||
Finite-lived intangible assets, net | $ 8,243 | $ 9,628 | |
Goodwill and Intangible Asset Impairment | $ 0 |
Goodwill And Other Intangible_4
Goodwill And Other Intangible Assets (Summary Of Goodwill Activity) (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2021USD ($) | |
Goodwill [Roll Forward] | |
Beginning balance | $ 45,495 |
Goodwill, Purchase Accounting Adjustments | (479) |
Acquired goodwill, net | 10,331 |
Ending balance | $ 55,347 |
Goodwill And Other Intangible_5
Goodwill And Other Intangible Assets (Summary Of Other Intangible Assets) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Identifiable intangible assets [Abstract] | ||
Gross carrying amount | $ 15,828 | $ 15,650 |
Less: accumulated amortization | 7,585 | 6,022 |
Net carrying amount | $ 8,243 | $ 9,628 |
Goodwill And Other Intangible_6
Goodwill And Other Intangible Assets Schedule of Amortization Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Schedule of Amortization of Intangibles [Line Items] | |||
Amortization of Intangible Assets | $ 1,563 | $ 1,659 | $ 1,701 |
Core Deposits | |||
Schedule of Amortization of Intangibles [Line Items] | |||
Amortization of Intangible Assets | 1,563 | 1,659 | 1,634 |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | 1,440 | ||
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 1,299 | ||
Finite-Lived Intangible Assets, Amortization Expense, Year Three | 1,158 | ||
Finite-Lived Intangible Assets, Amortization Expense, Year Four | 1,019 | ||
Finite-Lived Intangible Assets, Amortization Expense, Year Five | 878 | ||
Finite-Lived Intangible Assets, Amortization Expense, after Year Five | 2,379 | ||
Customer-Related Intangible Assets [Member] | |||
Schedule of Amortization of Intangibles [Line Items] | |||
Amortization of Intangible Assets | 0 | $ 0 | $ 67 |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | 0 | ||
Finite-Lived Intangible Assets, Amortization Expense, Year Two | 0 | ||
Finite-Lived Intangible Assets, Amortization Expense, Year Three | 0 | ||
Finite-Lived Intangible Assets, Amortization Expense, Year Four | 0 | ||
Finite-Lived Intangible Assets, Amortization Expense, Year Five | 0 | ||
Finite-Lived Intangible Assets, Amortization Expense, after Year Five | $ 0 |
Deposits (Summary Of Interest B
Deposits (Summary Of Interest Bearing Deposits By Type) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Deposits [Abstract] | ||
Demand deposits, interest bearing | $ 1,127,298 | $ 934,185 |
Savings deposits | 698,156 | 621,168 |
Time deposits | 548,649 | 599,480 |
Total | $ 2,374,103 | $ 2,154,833 |
Deposits (Summary Of Scheduled
Deposits (Summary Of Scheduled Maturities For All Time Deposits) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Deposits [Abstract] | ||
2022 | $ 388,387 | |
2023 | 99,843 | |
2024 | 24,228 | |
2025 | 14,329 | |
2026 | 14,371 | |
Thereafter | 7,491 | |
Total | $ 548,649 | $ 599,480 |
Deposits (Summary Of Maturity D
Deposits (Summary Of Maturity Distribution Of All Certificates Of Deposit) (Details) $ in Thousands | Dec. 31, 2021USD ($) |
Deposits [Abstract] | |
Three months or less | $ 22,387 |
Three through six months | 15,553 |
Six through twelve months | 27,206 |
Over twelve months | 33,789 |
Total | $ 98,935 |
Deposits (Additional Informatio
Deposits (Additional Information) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Deposits [Abstract] | ||
Time deposits acquired through a third party (brokered deposits) | $ 14,700 | $ 55,500 |
Related party deposit liabilities | 63,900 | $ 51,700 |
Time Deposits above US Insurance Limit | $ 98,935 |
Borrowed Funds (Narrative) (Det
Borrowed Funds (Narrative) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Debt Instrument [Line Items] | ||
Federal Home Loan Bank Collateral Amount for Advances | $ 1,600,000 | |
Federal Reserve Bank Amount of Loans Pledged For Line of Credit | 514,000 | |
Federal Funds Purchased | 146 | $ 146 |
Subsidiaries [Member] | ||
Debt Instrument [Line Items] | ||
Additional borrowings available from the FHLB | 982,200 | |
Line of Credit [Member] | ||
Debt Instrument [Line Items] | ||
Line of credit | 6,000 | |
Line of Credit [Member] | Federal Reserve Bank Advances [Member] | ||
Debt Instrument [Line Items] | ||
Line of credit | $ 279,500 |
Borrowed Funds (Short-term Borr
Borrowed Funds (Short-term Borrowings) (Narrative) (Details) $ in Millions | Dec. 31, 2021USD ($) |
Debt Disclosure [Abstract] | |
Borrowing availability through credit lines and Federal funds purchased agreements | $ 285.5 |
Borrowed Funds (Summary Of Shor
Borrowed Funds (Summary Of Short-Term Borrowings) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Debt Instrument [Line Items] | ||
Balance at December 31 | $ 140,146 | $ 140,146 |
Short-term FHLB Advances [Member] | ||
Debt Instrument [Line Items] | ||
Balance at December 31 | 140,000 | 140,000 |
Average balance outstanding for the period | 140,000 | 130,241 |
Maximum balance outstanding at any month end during period | $ 140,000 | $ 215,700 |
Weighted average interest rate for the period | 0.33% | 0.67% |
Weighted average interest rate for balances outstanding | 0.26% | 0.35% |
Borrowed Funds (Long-term Borro
Borrowed Funds (Long-term Borrowings) (Narrative) (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Debt Disclosure [Abstract] | ||
Long-term borrowings | $ 679,000 | $ 699,000 |
Average interest rate paid on long-term borrowings | 5.34% | 5.34% |
Borrowed Funds (Subordinated De
Borrowed Funds (Subordinated Debentures) (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Dec. 31, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | |
Debt Instrument [Line Items] | |||
Subordinated Debt not Net of Issuance Costs | $ 75,000 | $ 30,000 | |
Debt Issuance Costs, Net | 1,670 | $ 664 | |
Subordinated Debt | $ 102,891 | $ 29,364 | |
Number of Maturity Years Remaining to Qualify as Tier 2 Capital | 5 years | 5 years | |
Percent Reduction Each Year to Tier 2 Capital until Subordinated Debt Maturity Date | 20.00% | 20.00% | |
Subordinated Borrowing, Interest Rate | 3.25% | 5.00% | |
Basis spread on variable rate | 230.00% | 487.00% | |
Subordinated Debenture Term | 10 years | 10 years | |
Number of Years Subordinated Debt not Pre-Payable | 5 years | 5 years | |
Issued Third Quarter 2021 | |||
Debt Instrument [Line Items] | |||
Subordinated Debt | $ 73,400 | ||
Issued Third Quarter 2020 | |||
Debt Instrument [Line Items] | |||
Subordinated Debt | $ 29,500 | $ 29,400 |
Borrowed Funds (Subordinated _2
Borrowed Funds (Subordinated Debentures Owed to Unconsolidated Subsidiary Trusts) (Narrative) (Details) | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||
Dec. 31, 2005USD ($) | Mar. 31, 2004USD ($) | Oct. 31, 2002USD ($) | Dec. 31, 2021USD ($) | Sep. 30, 2020 | Dec. 31, 2021USD ($)trust | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | |
Debt Instrument [Line Items] | ||||||||
Number of Statutory Business Trusts | trust | 3 | |||||||
Subordinated debentures owed to unconsolidated subsidiary trusts | $ 19,589,000 | $ 19,589,000 | $ 19,589,000 | |||||
Ownership percentage | 100.00% | 100.00% | ||||||
Proceeds from issuance of common stock, net of issuance costs | $ 294,000 | $ 178,000 | $ 159,000 | |||||
Basis spread on variable rate | 230.00% | 487.00% | ||||||
Trust preferred securities limited to tier one capital elements, Nnt of goodwill | 25.00% | |||||||
Sfg Capital Trust I [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Proceeds from issuance or sale of equity | $ 3,500,000 | |||||||
Proceeds from issuance of common stock, net of issuance costs | 109,000 | |||||||
Payments to acquire investments | $ 3,610,000 | |||||||
Basis spread on variable rate | 345.00% | |||||||
Sfg Capital Trust Ii [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Proceeds from issuance or sale of equity | $ 7,500,000 | |||||||
Proceeds from issuance of common stock, net of issuance costs | 232,000 | |||||||
Payments to acquire investments | $ 7,730,000 | |||||||
Basis spread on variable rate | 280.00% | |||||||
Sfg Capital Trust Iii [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Proceeds from issuance or sale of equity | $ 8,000,000 | |||||||
Proceeds from issuance of common stock, net of issuance costs | 248,000 | |||||||
Payments to acquire investments | $ 8,250,000 | |||||||
Basis spread on variable rate | 145.00% |
Borrowed Funds (Summary Of The
Borrowed Funds (Summary Of The Maturities Of All Long-Term Borrowings And Subordinated Debentures) (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Total | $ 679,000 | $ 699,000 |
Long-term borrowings [Member] | ||
2022 | 21,000 | |
2023 | 22,000 | |
2024 | 23,000 | |
2025 | 24,000 | |
2026 | 589,000 | |
Thereafter | 0 | |
Total | 679,000 | |
Subordinated debentures owed to unconsolidated subsidiary trusts [Member] | ||
2022 | 0 | |
2023 | 0 | |
2024 | 0 | |
2025 | 0 | |
2026 | 0 | |
Thereafter | 19,589,000 | |
Total | 19,589,000 | |
Subordinated Debt | ||
2022 | 0 | |
2023 | 0 | |
2024 | 0 | |
2025 | 0 | |
2026 | 0 | |
Thereafter | 105,000,000 | |
Total | $ 105,000,000 |
Derivative Financial Instrume_3
Derivative Financial Instruments (Narrative) (Details) $ in Thousands | Dec. 31, 2021USD ($)contractloan |
Cash Flow Hedging [Member] | |
Derivative [Line Items] | |
Number of instruments held | contract | 3 |
Fair Value Hedging [Member] | |
Derivative [Line Items] | |
Number of instruments held | contract | 2 |
Interest Rate Swap Maturing October 18 2023 | |
Derivative [Line Items] | |
Derivative Liability, Notional Amount | $ 20,000 |
Cash flow hedges, notional amount | $ 20,000 |
Swaption interest rate | 1.07% |
Interest Rate Swap Maturing October 18 2024 | |
Derivative [Line Items] | |
Derivative Liability, Notional Amount | $ 20,000 |
Cash flow hedges, notional amount | $ 20,000 |
Swaption interest rate | 1.11% |
Interest Rate Swap Matured October 18 2021 | |
Derivative [Line Items] | |
Derivative Liability, Notional Amount | $ 40,000 |
Cash flow hedges, notional amount | $ 40,000 |
Swaption interest rate | 2.19% |
Interest Rate Cap Maturing April 18 2030 | |
Derivative [Line Items] | |
Derivative Liability, Notional Amount | $ 100,000 |
Cash flow hedges, notional amount | $ 100,000 |
Derivative, Cap Interest Rate | 0.75% |
Interest Rate Cap Maturing December 18 2025 | |
Derivative [Line Items] | |
Derivative Liability, Notional Amount | $ 100,000 |
Cash flow hedges, notional amount | $ 100,000 |
Derivative, Cap Interest Rate | 0.50% |
Interest Rate Swap Commercial Loan | |
Derivative [Line Items] | |
Derivative Liability, Notional Amount | $ 21,300 |
Interest Rate Swap Available for Sale Taxable Municipal Securities | |
Derivative [Line Items] | |
Derivative Liability, Notional Amount | $ 71,200 |
Interest Rate Cap | |
Derivative [Line Items] | |
Number of instruments held | loan | 2 |
Derivative Financial Instrume_4
Derivative Financial Instruments (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Short-term Debt [Member] | Cash Flow Hedging [Member] | Interest Rate Swap [Member] | ||
Derivative [Line Items] | ||
Derivative Liability, Notional Amount | $ 40,000 | $ 80,000 |
Fair Value Hedge Assets | 0 | 0 |
Fair Value Hedge Liabilities | 83 | 1,457 |
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net | 0 | 0 |
Short-term Debt [Member] | Cash Flow Hedging [Member] | Interest Rate Cap | ||
Derivative [Line Items] | ||
Derivative Liability, Notional Amount | 100,000 | 100,000 |
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net | 0 | 0 |
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value | 0 | 0 |
Cash Flow Hedge Derivative Instrument Assets at Fair Value | 8,336 | 5,652 |
Certain Interest Bearing Demand Deposits | Cash Flow Hedging [Member] | Interest Rate Cap | ||
Derivative [Line Items] | ||
Derivative Liability, Notional Amount | 100,000 | 100,000 |
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net | 0 | 0 |
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value | 0 | 0 |
Cash Flow Hedge Derivative Instrument Assets at Fair Value | 2,851 | 1,001 |
Commercial Real Estate [Member] | Fair Value Hedging [Member] | Interest Rate Swap [Member] | ||
Derivative [Line Items] | ||
Derivative Asset, Notional Amount | 17,548 | 18,192 |
Fair Value Hedge Assets | 0 | 0 |
Fair Value Hedge Liabilities | 512 | 1,290 |
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net | 0 | $ 0 |
Available-for-sale Securities | Fair Value Hedging [Member] | Interest Rate Swap [Member] | ||
Derivative [Line Items] | ||
Derivative Asset, Notional Amount | 71,245 | |
Fair Value Hedge Assets | 0 | |
Fair Value Hedge Liabilities | 529 | |
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net | $ 22 |
Income Taxes (Schedule of Compo
Income Taxes (Schedule of Components of Applicable Income Tax Expense (Benefit)) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Current | |||
Federal | $ 10,189 | $ 10,189 | $ 6,676 |
State | 1,210 | 1,440 | 938 |
Total Current | 11,399 | 11,629 | 7,614 |
Deferred | |||
Federal | 231 | (3,673) | 88 |
State | 33 | (528) | 15 |
Total Deferred | 264 | (4,201) | 103 |
Applicable income taxes | $ 11,663 | $ 7,428 | $ 7,717 |
Income Taxes (Reconciliation In
Income Taxes (Reconciliation Income Tax Expense And Statutory Income Tax Rates) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Amount | |||
Computed tax at applicable statutory rate | $ 12,054 | $ 8,138 | $ 8,313 |
Tax-exempt interest and dividends, net | (829) | (788) | (728) |
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount | (206) | (248) | (177) |
State income taxes, net of Federal income tax benefit | 982 | 720 | 753 |
Other, net | (338) | (394) | (444) |
Applicable income taxes | $ 11,663 | $ 7,428 | $ 7,717 |
Percent | |||
Computed tax at applicable statutory rate | 21.00% | 21.00% | 21.00% |
Tax-exempt interest and dividends, net | (1.00%) | (2.00%) | (2.00%) |
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Percent | 0.00% | (1.00%) | 0.00% |
State income taxes, net of Federal income tax benefit | 2.00% | 2.00% | 2.00% |
Other, net | (1.00%) | (1.00%) | (1.00%) |
Applicable income taxes | 21.00% | 19.00% | 20.00% |
Income Taxes (Schedule of Defer
Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Deferred tax assets | ||
Allowance for credit losses | $ 9,497 | $ 8,553 |
Foreclosed properties | 2,089 | 2,703 |
Deferred compensation | 4,803 | 4,384 |
Other deferred costs and accrued expenses | 970 | 1,053 |
Net unrealized loss on derivative financial instruments | 0 | 357 |
Total | 17,359 | 17,050 |
Deferred tax liabilities | ||
Deferred Tax Liability, Depreciation | 630 | 288 |
Deferred tax liabilities, Accretion on tax-exempt securities | 9 | 19 |
Net unrealized gain on debt securities available for sale | 590 | 2,153 |
Deferred tax liabilities, Net unrealized gain on interest rate swaps | 1,136 | 0 |
Deferred Tax Liability, Other Post Retirement Benefits | 12 | 0 |
Acquisition accounting adjustments and goodwill | 2,440 | 2,241 |
Total | 4,817 | 4,701 |
Net deferred tax assets | $ 12,542 | $ 12,349 |
Income Taxes Income Taxes (Narr
Income Taxes Income Taxes (Narrative) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Federal Income Tax Rate [Line Items] | |||
Computed tax at applicable statutory rate | 21.00% | 21.00% | 21.00% |
Deferred tax benefit | $ 264 | $ (4,201) | $ 103 |
Employee Benefits (Narrative) (
Employee Benefits (Narrative) (Details) - USD ($) | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | May 31, 2014 | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Contributions to the plans | $ 792,000 | $ 678,000 | $ 616,000 | |
Shares owned by ESOP | 547,858 | 514,457 | ||
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 20,702 | 43,704 | ||
Common stock, shares authorized | 20,000,000 | 20,000,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | 0 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $ 255,000 | $ 9,000 | 442,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value | 396,000 | 596,000 | $ 396,000 | |
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 2,892 | |||
Allocated Share-based Compensation Expense | 646,000 | 527,000 | $ 590,000 | |
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense | 155,000 | $ 127,000 | $ 142,000 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 2,220,000 | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years 2 months 15 days | |||
Stock Issued During Period, Shares, Employee Stock Ownership Plan | 23,002 | 22,395 | 20,855 | |
Stock Issued During Period, Value, Employee Stock Ownership Plan | $ 563,000 | $ 420,000 | $ 530,000 | |
Share-based Payment Arrangement, Tranche One | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 1,500 | 2,763 | ||
Share-based Payment Arrangement, Tranche Two | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 10,995 | |||
7 Year Vesting Stock Appreciation Rights [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | 54,947 | 28,306 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 9.44 | $ 9.74 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 7 years | 7 years | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 14.30% | 14.30% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | 10 years | ||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 1.06% | 2.51% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 3.00% | 2.30% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 55.59% | 40.84% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 7 years | 7 years | ||
5 Year Vesting Stock Appreciation Rights [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | 122,542 | 109,819 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 9.34 | $ 8.41 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | 5 years | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | 20.00% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | 10 years | ||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 0.74% | 2.43% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 3.00% | 2.30% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 55.59% | 35.71% | ||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 5 years 6 months | 5 years 6 months | ||
Restricted Stock Units (RSUs) [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | |||
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Tranche One | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | 2 years | ||
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Tranche Two | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | |||
Restricted Stock Units (RSUs) [Member] | Minimum [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | |||
Restricted Stock Units (RSUs) [Member] | Maximum [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | |||
2014 LTIP [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Common stock, shares authorized | 800,000 | |||
Supplemental Employee Retirement Plan [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Accrued liabilities | $ 10,300,000 | $ 9,600,000 | ||
Supplemental Employee Retirement Plan Expense | 967,000 | 787,000 | $ 712,000 | |
Summit Financial Group Inc. Employee Stock Ownership Plan [Member] | ||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||||
Contributions to the ESOP | $ 882,000 | $ 816,000 | $ 721,000 | |
Shares owned by ESOP | 547,858 | 514,457 | ||
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 20,702 |
Employee Benefits Employee Stoc
Employee Benefits Employee Stock Ownership Plan (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Employee Stock Ownership Plan [Abstract] | ||
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares | 504,154 | 448,358 |
Employee Stock Ownership Plan (ESOP), Number of Committed-to-be-Released Shares | 23,002 | 22,395 |
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 20,702 | 43,704 |
Employee Stock Ownership Plan (ESOP), Shares in ESOP | 547,858 | 514,457 |
Employee Stock Ownership Plan (ESOP), Deferred Shares, Fair Value | $ 568 | $ 965 |
Employee Benefits Employee Bene
Employee Benefits Employee Benefits (Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions) (Details) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2019 | |
7 Year Vesting Stock Appreciation Rights [Member] | ||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Line Items] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 1.06% | 2.51% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 3.00% | 2.30% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 55.59% | 40.84% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 7 years | 7 years |
5 Year Vesting Stock Appreciation Rights [Member] | ||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Line Items] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 0.74% | 2.43% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 3.00% | 2.30% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 55.59% | 35.71% |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 5 years 6 months | 5 years 6 months |
Employee Benefits (Summary Of A
Employee Benefits (Summary Of Activity In Stock Option Plans) (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
SARs/Options | |||
Outstanding Options, Exercised | (10,604) | (499) | (17,366) |
Employee Stock Option and Stock Appreciation Rights (SARs) [Member] | |||
SARs/Options | |||
Outstanding Options, Beginning Balance | 329,203 | 330,703 | 232,091 |
Outstanding Options, Granted | 177,489 | 0 | 138,125 |
Outstanding Options, Exercised | (14,900) | (1,400) | (31,613) |
Outstanding Options, Forfeited | 0 | 0 | 0 |
Outstanding Options, Expired | 0 | (100) | (7,900) |
Outstanding Options, Ending Balance | 491,792 | 329,203 | 330,703 |
Exercise Price | |||
Outstanding, Weighted-Average Exercise Price, Beginning Balance | $ 20.47 | $ 20.44 | $ 17.36 |
Outstanding, Weighted-Average Exercise Price, Granted | 21.85 | 0 | 23.94 |
Outstanding, Weighted-Average Exercise Price, Exercised | 8.92 | 12.01 | 11.83 |
Outstanding, Weighted-Average Exercise Price, Forfeited | 0 | 0 | 0 |
Outstanding, Weighted-Average Exercise Price, Expired | 0 | 18.26 | 25.83 |
Outstanding, Weighted-Average Exercise Price, Ending Balance | $ 21.32 | $ 20.47 | $ 20.44 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ 3,014 | ||
Options Outstanding, Wted. Avg. Remaining Contractual Life (yrs) | 6 years 11 months 8 days | ||
Exercisable Options, Ending Balance | 204,116 | 177,875 | 104,889 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $ 1,683 | $ 1,118 | $ 1,203 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Remaining Contractual Term | 4 years 9 months 21 days | 5 years 3 months 7 days | 5 years 8 months 26 days |
Exercisable Options, Weighted-Average Exercise Price, Ending Balance | $ 19.20 | $ 17.07 | $ 15.62 |
Employee Benefits Employee Be_2
Employee Benefits Employee Benefits Schedule of Share-Based Compensation Restricted Stock Awards Activity (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 4,171 | 964 | |
Restricted Stock Units (RSUs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 13,015 | 15,686 | 2,892 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ 21.24 | $ 20.40 | $ 25.93 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 1,500 | 13,758 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 27.63 | $ 19.63 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | 0 | 0 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ 0 | $ 0 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 4,171 | 964 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ 20.38 | $ 25.93 |
Commitments and Contingencies_2
Commitments and Contingencies (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Loss Contingencies [Line Items] | ||
Total unfunded commitments | $ 711,352 | $ 549,380 |
Revolving home equity and credit card lines [Member] | ||
Loss Contingencies [Line Items] | ||
Total unfunded commitments | 97,540 | 90,125 |
Construction loans [Member] | ||
Loss Contingencies [Line Items] | ||
Total unfunded commitments | 265,056 | 135,841 |
Other loans [Member] | ||
Loss Contingencies [Line Items] | ||
Total unfunded commitments | 325,897 | 308,290 |
Standby letters of credit [Member] | ||
Loss Contingencies [Line Items] | ||
Total unfunded commitments | $ 22,859 | $ 15,124 |
Commitments and Contingencies_3
Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Jan. 01, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | |||
Impact to ACL on off-balance sheet credit exposures upon adoption of ASC 326 | $ 2,430 | ||
Off-Balance Sheet, Credit Loss, Liability | $ 7,280 | $ 4,190 | |
Provision for Credit Losses on Unfunded Commitments | $ 3,090 | $ 1,760 |
Preferred Stock (Narrative) (De
Preferred Stock (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands | Apr. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 |
Text Block [Abstract] | |||
Preferred Stock, Shares Issued | 1,500 | 1,500 | |
Preferred Stock, Value, Outstanding | $ 15,000 | ||
Preferred stock, par value | $ 1 | $ 1 | $ 1 |
Preferred Stock, Liquidation Preference Per Share | $ 10,000 | ||
Preferred Stock, Dividend Rate, Percentage | 6.00% |
Regulatory Matters (Narrative)
Regulatory Matters (Narrative) (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Required reserve balance | $ 0 | $ 0 | |
Scenario, Forecast [Member] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Amount Available for Dividend Distribution without Affecting Capital Adequacy Requirements | $ 70,800,000 |
Regulatory Matters (Summary Of
Regulatory Matters (Summary Of Actual Capital Amounts And Ratios) (Details) $ in Thousands | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) |
Summit [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Common Equity Tier One Capital | $ 257,122 | $ 233,768 |
Common Equity Tier One Capital Ratio | 0.084 | 0.093 |
Common Equity Tier One Capital Required for Capital Adequacy | $ 214,268 | |
Tier One Common Equity Required for Capital Adequacy to Risk Weighted Assets | 7.00% | |
Tier I Capital (to risk weighted assets ), Actual Amount | $ 291,042 | $ 252,768 |
Tier I Capital (to risk weighted assets), Actual Ratio | 0.095 | 0.100 |
Tier I Capital (to risk weighted assets), Minimum Required Regulatory Capital, Amount | $ 260,406 | |
Tier I Capital (to risk weighted assets), Minimum Required Regulatory Capital, Ratio | 0.085 | |
Total Capital (to risk weighted assets), Actual Amount | $ 420,045 | $ 305,309 |
Total Capital (to risk weighted assets), Actual Ratio | 0.138 | 0.121 |
Total Capital (to risk weighted assets), Minimum Required Regulatory Capital, Amount | $ 319,599 | |
Total Capital (to risk weighted assets), Minimum Required Regulatory Capital, Ratio | 0.105 | |
Tier I Capital (to average assets), Actual Amount | $ 291,042 | $ 252,768 |
Tier I Capital (to average assets), Actual Ratio | 0.083 | 0.086 |
Tier I Capital (to average assets), Minimum Required Regulatory Capital, Amount | $ 140,261 | |
Tier I Capital (to average assets), Minimum Required Regulatory Capital, Ratio | 0.040 | |
Summit Community [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Common Equity Tier One Capital | $ 364,125 | $ 279,540 |
Common Equity Tier One Capital Ratio | 0.119 | 0.111 |
Common Equity Tier One Capital Required for Capital Adequacy | $ 214,191 | $ 176,286 |
Tier One Common Equity Required for Capital Adequacy to Risk Weighted Assets | 7.00% | 7.00% |
Common Equity Tier One Capital Required to be Well-Capitalized | $ 198,892 | $ 163,695 |
Tier One Common Equity Required to be Well Capitalized to Risk Weighted Assets | 6.50% | 6.50% |
Tier I Capital (to risk weighted assets ), Actual Amount | $ 364,125 | $ 279,540 |
Tier I Capital (to risk weighted assets), Actual Ratio | 0.119 | 0.111 |
Tier I Capital (to risk weighted assets), Minimum Required Regulatory Capital, Amount | $ 260,089 | $ 214,062 |
Tier I Capital (to risk weighted assets), Minimum Required Regulatory Capital, Ratio | 0.085 | 0.085 |
Tier I Capital (to risk weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions, Amount | $ 244,790 | $ 201,470 |
Tier I Capital (to risk weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions, Ratio | 0.080 | 0.080 |
Total Capital (to risk weighted assets), Actual Amount | $ 390,236 | $ 302,716 |
Total Capital (to risk weighted assets), Actual Ratio | 0.128 | 0.120 |
Total Capital (to risk weighted assets), Minimum Required Regulatory Capital, Amount | $ 320,115 | $ 264,877 |
Total Capital (to risk weighted assets), Minimum Required Regulatory Capital, Ratio | 0.105 | 0.105 |
Total Capital (to risk weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions, Amount | $ 304,872 | $ 252,263 |
Total Capital (to risk weighted assets), To be Well Capitalized under Prompt Corrective Action Provisions, Ratio | 0.100 | 0.100 |
Tier I Capital (to average assets), Actual Amount | $ 364,125 | $ 279,540 |
Tier I Capital (to average assets), Actual Ratio | 0.104 | 0.095 |
Tier I Capital (to average assets), Minimum Required Regulatory Capital, Amount | $ 140,048 | $ 117,701 |
Tier I Capital (to average assets), Minimum Required Regulatory Capital, Ratio | 0.040 | 0.040 |
Tier I Capital (to average assets), To be Well Capitalized under Prompt Corrective Action Provisions, Amount | $ 175,060 | $ 147,126 |
Tier I Capital (to average assets), To be Well Capitalized under Prompt Corrective Action Provisions, Ratio | 0.050 | 0.050 |
Earnings Per Share (Computation
Earnings Per Share (Computations Of Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Earnings Per Share [Line Items] | |||
Net income | $ 45,738 | $ 31,326 | $ 31,866 |
Preferred Stock Dividends, Income Statement Impact | (589) | 0 | 0 |
Net income (loss) applicable to common shares | $ 45,149 | $ 31,326 | $ 31,866 |
Basic EPS, Common Shares (Denominator) (in shares) | 12,943,883 | 12,935,430 | 12,516,474 |
Basic EPS (in dollars per share) | $ 3.49 | $ 2.42 | $ 2.55 |
Diluted EPS, Stock options, Common Shares (Denominator) (in shares) | 44 | 4,320 | 4,935 |
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 53,964 | 34,785 | 53,737 |
Diluted EPS, Income (Numerator) | $ 45,149 | $ 31,326 | $ 31,866 |
Diluted EPS, Common Shares (Denominator) (in shares) | 13,003,428 | 12,975,385 | 12,575,146 |
Diluted EPS (in dollars per share) | $ 3.47 | $ 2.41 | $ 2.53 |
Restricted Stock Units (RSUs) [Member] | |||
Earnings Per Share [Line Items] | |||
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 5,537 | 850 | 0 |
Earnings Per Share (Narrative)
Earnings Per Share (Narrative) (Details) - shares | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 200 | ||
Stock Appreciation Rights (SARs) [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 400,229 | 222,740 | 222,740 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ 5,482 | $ 5,445 | $ 2,535 | $ (1,016) |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 360 | 5,549 | 5,024 | |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (323) | (2,639) | (1,473) | |
Other Comprehensive Income (Loss), Net of Tax | 37 | 2,910 | 3,551 | |
Accumulated Pension Plan Adjustment Net Unamortized Gain Loss | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | 30 | (199) | (140) | 0 |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 229 | (59) | (140) | |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | 0 | 0 | |
Other Comprehensive Income (Loss), Net of Tax | 229 | (59) | (140) | |
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | 9 | (40) | 48 | 139 |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 49 | (88) | (91) | |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | 0 | 0 | |
Other Comprehensive Income (Loss), Net of Tax | 49 | (88) | (91) | |
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | 3,993 | (1,132) | (518) | (314) |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 5,125 | (614) | (204) | |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | 0 | 0 | |
Other Comprehensive Income (Loss), Net of Tax | 5,125 | (614) | (204) | |
Accumulated Net Investment Gain (Loss) Attributable to Parent | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | 1,868 | 6,816 | 3,145 | $ (841) |
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (4,625) | 6,310 | 5,459 | |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (323) | (2,639) | (1,473) | |
Other Comprehensive Income (Loss), Net of Tax | (4,948) | 3,671 | $ 3,986 | |
AOCI, Accumulated Gain (Loss), Securities Fair Value Hedge, Parent | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (418) | $ 0 | ||
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (418) | |||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 0 | |||
Other Comprehensive Income (Loss), Net of Tax | $ (418) |
Revenue Recognition Revenue f_3
Revenue Recognition Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Revenue from Contracts with Customers [Line Items] | |||
Noninterest Income, Other Operating Income | $ 742 | $ 668 | $ 2,351 |
Non-interest income within the scope of other ASC topics | 5,768 | 7,939 | 5,806 |
Noninterest Income | 20,208 | 20,083 | 19,203 |
Gains (Losses) on Sales of Other Real Estate | (7) | (323) | 88 |
Revenue in Scope ASC 606 [Member] | |||
Revenue from Contracts with Customers [Line Items] | |||
Noninterest Income, Other Operating Income | 626 | 567 | 2,203 |
Total Revenue in ASC 606 | 14,440 | 12,144 | 13,397 |
Deposit Account [Member] | |||
Revenue from Contracts with Customers [Line Items] | |||
Revenue from Contract with Customer, Including Assessed Tax | 5,032 | 4,588 | 5,094 |
Deposit Account [Member] | Revenue in Scope ASC 606 [Member] | |||
Revenue from Contracts with Customers [Line Items] | |||
Revenue from Contract with Customer, Including Assessed Tax | 5,032 | 4,588 | 5,094 |
Credit and Debit Card [Member] | |||
Revenue from Contracts with Customers [Line Items] | |||
Revenue from Contract with Customer, Including Assessed Tax | 5,896 | 4,494 | 3,536 |
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 | 5,896 | 4,494 | 3,536 |
Fiduciary and Trust [Member] | |||
Revenue from Contracts with Customers [Line Items] | |||
Revenue from Contract with Customer, Including Assessed Tax | 2,886 | 2,495 | 2,564 |
Fiduciary and Trust [Member] | Revenue in Scope ASC 606 [Member] | |||
Revenue from Contracts with Customers [Line Items] | |||
Revenue from Contract with Customer, Including Assessed Tax | $ 2,886 | $ 2,495 | $ 2,564 |
Condensed Financial Statement_3
Condensed Financial Statements Of Parent Company (Balance Sheets) (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Condensed Financial Statements, Captions [Line Items] | ||||
Equity Securities, FV-NI | $ 20,202 | $ 0 | ||
Other investments | 11,304 | 14,185 | ||
Premises and equipment | 56,371 | 52,537 | ||
Other assets | 37,262 | 29,791 | ||
Total assets | 3,576,719 | 3,106,384 | ||
Subordinated Debt | 102,891 | 29,364 | ||
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | ||
Other liabilities | 42,852 | 39,355 | ||
Total liabilities | 3,249,246 | 2,824,804 | ||
Preferred stock, $1.00 par value, authorized 250,000 shares; issued: 2021 - 1,500 shares | 14,920 | 0 | ||
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2021 - 12,763,827 shares, 2020 - 12,985,708 shares; outstanding: 2021 - 12,743,125 shares, 2020 - 12,942,004 shares | 89,525 | 94,964 | ||
Unallocated common stock held by Employee Stock Ownership Plan - 2021 - 20,702 shares, 2020 - 43,704 shares | (224) | (472) | ||
Retained earnings | 217,770 | 181,643 | ||
Accumulated other comprehensive income | 5,482 | 5,445 | $ 2,535 | $ (1,016) |
Total shareholders' equity | 327,473 | 281,580 | $ 247,764 | $ 219,830 |
Total liabilities and shareholders' equity | 3,576,719 | 3,106,384 | ||
Parent Company [Member] | ||||
Condensed Financial Statements, Captions [Line Items] | ||||
Cash | 14,279 | 5,937 | ||
Investment in subsidiaries | 419,557 | 327,354 | ||
Equity Securities, FV-NI | 20,202 | 0 | ||
Other investments | 7 | 7 | ||
Premises and equipment | 129 | 97 | ||
Other assets | 1,971 | 1,837 | ||
Total assets | 456,145 | 335,232 | ||
Subordinated Debt | 102,891 | 29,364 | ||
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | ||
Other liabilities | 6,192 | 4,699 | ||
Total liabilities | 128,672 | 53,652 | ||
Preferred stock, $1.00 par value, authorized 250,000 shares; issued: 2021 - 1,500 shares | 14,920 | 0 | ||
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2021 - 12,763,827 shares, 2020 - 12,985,708 shares; outstanding: 2021 - 12,743,125 shares, 2020 - 12,942,004 shares | 89,525 | 94,964 | ||
Unallocated common stock held by Employee Stock Ownership Plan - 2021 - 20,702 shares, 2020 - 43,704 shares | (224) | (472) | ||
Retained earnings | 217,770 | 181,643 | ||
Accumulated other comprehensive income | 5,482 | 5,445 | ||
Total shareholders' equity | 327,473 | 281,580 | ||
Total liabilities and shareholders' equity | $ 456,145 | $ 335,232 |
Condensed Financial Statement_4
Condensed Financial Statements Of Parent Company (Statements of Income) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Equity Securities, FV-NI, Gain (Loss) | $ 202 | $ 0 | $ 0 |
Interest expense | 12,483 | 19,521 | 29,987 |
Income tax expense | 11,663 | 7,428 | 7,717 |
Net Income | 45,738 | 31,326 | 31,866 |
Dividends, Preferred Stock, Cash | 589 | 0 | 0 |
Net income (loss) applicable to common shares | 45,149 | 31,326 | 31,866 |
Parent Company [Member] | |||
Dividends from subsidiaries | 12,100 | 10,000 | 16,757 |
Other dividends and interest income | 16 | 33 | 54 |
Equity Securities, FV-NI, Gain (Loss) | 202 | 0 | 0 |
Management and service fees from subsidiaries | 1,920 | 1,856 | 1,542 |
Total income | 14,238 | 11,889 | 18,353 |
Interest expense | 2,497 | 1,109 | 949 |
Operating expenses | 3,736 | 3,306 | 3,755 |
Total expenses | 6,233 | 4,415 | 4,704 |
Income before income taxes | 8,005 | 7,474 | 13,649 |
Income tax expense | (830) | (519) | (276) |
Income before equity in undistributed income of subsidiaries | 8,835 | 7,993 | 13,925 |
Equity in undistributed income of subsidiaries | 36,903 | 23,333 | 17,941 |
Net Income | 45,738 | 31,326 | 31,866 |
Dividends, Preferred Stock, Cash | 589 | 0 | 0 |
Net income (loss) applicable to common shares | $ 45,149 | $ 31,326 | $ 31,866 |
Condensed Financial Statement_5
Condensed Financial Statements Of Parent Company (Statements Of Cash Flows) (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Net income | $ 45,738 | $ 31,326 | $ 31,866 | |
Adjustments to reconcile net earnings to net cash | ||||
Deferred tax benefit | 264 | (4,201) | 103 | |
Depreciation | 3,587 | 3,223 | 2,614 | |
Equity Securities, FV-NI, Gain (Loss) | (202) | 0 | 0 | |
Share-based compensation expense | 646 | 527 | 590 | |
Earnings on bank owned life insurance | (1,140) | (1,716) | (1,148) | |
(Increase) decrease in other assets | 139 | 314 | 133 | |
Increase in other liabilities | 269 | 1,738 | 4,478 | |
Net cash provided by operating activities | 61,846 | 44,681 | 40,927 | |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Payments to Acquire Equity Securities, FV-NI | (20,000) | 0 | 0 | |
Purchases of premises and equipment | (4,537) | (8,637) | (9,218) | |
Proceeds from disposal of premises and equipment | 558 | 293 | 860 | |
Net cash provided by (used in) investing activities | (341,747) | (152,463) | (77,570) | |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Payments of Ordinary Dividends, Preferred Stock and Preference Stock | 589 | 0 | 0 | |
Payments of Ordinary Dividends, Common Stock | (9,022) | (8,786) | (7,361) | |
Exercise of stock options | 16 | 0 | 7 | |
Proceeds from Issuance of Subordinated Long-term Debt | 75,000 | 30,000 | 0 | |
Payments for Repurchase of Common Stock | (6,710) | (1,444) | (10,405) | |
Proceeds from Issuance of Preferred Stock and Preference Stock | 14,920 | 0 | 0 | |
Proceeds from issuance of common stock, net of issuance costs | 294 | 178 | 159 | |
Net cash provided by (used in) financing activities | 258,572 | 145,681 | 38,991 | |
Cash and Cash Equivalents, at Carrying Value | 78,458 | 99,787 | ||
Supplemental Disclosures of Cash Flow Information | ||||
Interest | 12,425 | 19,975 | 29,855 | |
Parent Company [Member] | ||||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Net income | 45,738 | 31,326 | 31,866 | |
Adjustments to reconcile net earnings to net cash | ||||
Equity in undistributed net income of subsidiaries | (36,903) | (23,333) | (17,941) | |
Deferred tax benefit | (164) | (141) | (18) | |
Depreciation | 46 | 57 | 50 | |
Equity Securities, FV-NI, Gain (Loss) | (202) | 0 | 0 | |
Share-based compensation expense | 244 | 211 | 274 | |
Earnings on bank owned life insurance | 4 | 1 | 0 | |
(Increase) decrease in other assets | 163 | (285) | 491 | |
Increase in other liabilities | 584 | 977 | 807 | |
Net cash provided by operating activities | 9,510 | 8,813 | 15,529 | |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Payments to Acquire Equity Securities, FV-NI | (20,000) | 0 | 0 | |
Investments from Subsidiaries | (55,000) | (25,000) | 0 | |
Purchases of premises and equipment | (124) | (9) | (123) | |
Proceeds from disposal of premises and equipment | 47 | 0 | 53 | |
Net cash provided by (used in) investing activities | (75,077) | (25,009) | (70) | |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Payments of Ordinary Dividends, Preferred Stock and Preference Stock | 589 | 0 | 0 | |
Payments of Ordinary Dividends, Common Stock | (9,022) | (8,786) | (7,361) | |
Exercise of stock options | 16 | 0 | 7 | |
Proceeds from Issuance of Subordinated Long-term Debt | 75,000 | 30,000 | 0 | |
Payments for Repurchase of Common Stock | (6,710) | (1,444) | (10,405) | |
Proceeds from Issuance of Preferred Stock and Preference Stock | 14,920 | 0 | 0 | |
Proceeds from issuance of common stock, net of issuance costs | 294 | 178 | 159 | |
Net cash provided by (used in) financing activities | 73,909 | 19,948 | (17,600) | |
Increase (decrease) in cash | 8,342 | 3,752 | (2,141) | |
Cash and Cash Equivalents, at Carrying Value | 14,279 | 5,937 | 2,185 | $ 4,326 |
Cash, Ending Balance | 14,279 | 5,937 | ||
Supplemental Disclosures of Cash Flow Information | ||||
Interest | $ 2,195 | $ 1,145 | $ 961 |
Condensed Financial Statement_6
Condensed Financial Statements of Parent Company (Additional Information) (Details) - $ / shares | Dec. 31, 2021 | Apr. 30, 2021 | Dec. 31, 2020 |
Preferred stock, par value | $ 1 | $ 1 | $ 1 |
Preferred stock, shares authorized | 250,000 | 250,000 | |
Preferred Stock, Shares Issued | 1,500 | 1,500 | |
Common stock, par value | $ 2.50 | $ 2.50 | |
Common stock, shares authorized | 20,000,000 | 20,000,000 | |
Common stock, shares issued | 12,763,827 | 12,985,708 | |
Common stock, shares outstanding | 12,743,125 | 12,942,004 | |
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares | 20,702 | 43,704 |