Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2022 | Nov. 02, 2022 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0000811808 | |
Entity Registrant Name | SUMMIT FINANCIAL GROUP, INC. | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2022 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2022 | |
Document Transition Report | false | |
Entity File Number | 0-16587 | |
Entity Incorporation, State or Country Code | WV | |
Entity Tax Identification Number | 55-0672148 | |
Entity Address, Address Line One | 300 North Main Street | |
Entity Address, City or Town | Moorefield | |
Entity Address, State or Province | WV | |
Entity Address, Postal Zip Code | 26836 | |
City Area Code | 304 | |
Local Phone Number | 530-1000 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Title of 12(b) Security | Common Stock, Par Value $2.50 per share | |
Trading Symbol | SMMF | |
Security Exchange Name | NASDAQ | |
Entity Common Stock, Shares Outstanding | 12,780,554 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | |
ASSETS | |||
Cash and due from banks | $ 16,141 | $ 21,006 | [1] |
Interest bearing deposits with other banks | 29,510 | 57,452 | [1] |
Cash and cash equivalents | 45,651 | 78,458 | [1] |
Debt securities available for sale (at fair value) | 383,965 | 401,103 | [1] |
Tax-exempt state and political subdivisions | 96,640 | 98,060 | [1] |
Less: allowance for credit losses | 0 | 0 | [1] |
Debt securities held to maturity, net | 96,640 | 98,060 | [1] |
Equity investments (at fair value) | 25,118 | 20,202 | [1] |
Other investments | 18,105 | 11,304 | [1] |
Loans held for sale | 362 | 227 | [1] |
Loans, net of unearned fees | 3,075,127 | 2,761,391 | [1] |
Less: allowance for credit losses | (36,750) | (32,298) | [1] |
Loans, net | 3,038,377 | 2,729,093 | [1] |
Property held for sale | 5,193 | 9,858 | [1] |
Premises and equipment, net | 54,628 | 56,371 | [1] |
Accrued interest and fees receivable | 13,242 | 10,578 | [1] |
Goodwill and other intangible assets, net | 62,502 | 63,590 | [1] |
Cash surrender value of life insurance policies and annuities | 71,216 | 60,613 | [1] |
Derivative financial instruments | 42,179 | 11,187 | [1] |
Other assets | 30,121 | 26,075 | [1] |
Total assets | 3,887,299 | 3,576,719 | [1] |
Deposits | |||
Non-interest bearing | 619,067 | 568,986 | [1] |
Interest bearing | 2,489,005 | 2,374,103 | [1] |
Total deposits | 3,108,072 | 2,943,089 | [1] |
Short-term borrowings | 273,148 | 140,146 | [1] |
Long-term borrowings | 663 | 679 | [1] |
Subordinated debentures, net | 103,175 | 102,891 | [1] |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | [1] |
Other liabilities | 40,978 | 42,852 | [1] |
Total liabilities | 3,545,625 | 3,249,246 | [1] |
Commitments and Contingencies | |||
Shareholders' Equity | |||
Preferred stock, $1.00 par value, authorized 250,000 shares; issued: 2022 and 2021- 1,500 | 14,920 | 14,920 | [1] |
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2022 - 12,779,820 shares and 2021 - 12,763,827 shares; outstanding: 2022 - 12,774,645 shares and 2021 - 12,743,125 | 90,401 | 89,525 | [1] |
Unallocated common stock held by Employee Stock Ownership Plan - 2022 - 5,175 shares and 2021 - 20,702 shares | (56) | (224) | [1] |
Retained earnings | 248,084 | 217,770 | [1] |
Accumulated other comprehensive (loss) income | (11,675) | 5,482 | [1] |
Total shareholders' equity | 341,674 | 327,473 | [1] |
Total liabilities and shareholders' equity | $ 3,887,299 | $ 3,576,719 | [1] |
[1]Derived from audited consolidated financial statements |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | [1] |
Debt Securities, Held-to-maturity, Fair Value | $ 84,085 | $ 101,242 | |
Preferred stock, par or stated value per share (in dollars per share) | $ 1 | $ 1 | |
Preferred stock, shares authorized (in shares) | 250,000 | 250,000 | |
Preferred stock, shares issued (in shares) | 1,500 | 1,500 | |
Common Stock, par value (in dollars per share) | $ 2.50 | $ 2.50 | |
Common stock, shares authorized (in shares) | 20,000,000 | 20,000,000 | |
Common stock, shares issued (in shares) | 12,779,820 | 12,763,827 | |
Common stock, shares outstanding (in shares) | 12,774,645 | 12,743,125 | |
Employee Stock Ownership Plan (ESOP). number of suspense shares (in shares) | 5,175 | 20,702 | |
[1]Derived from audited consolidated financial statements |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Loans, including fees | ||||
Taxable, Loans, including fees | $ 38,741,000 | $ 28,340,000 | $ 101,640,000 | $ 83,352,000 |
Tax-exempt | 43,000 | 76,000 | 134,000 | 299,000 |
Securities | ||||
Taxable, Securities | 2,273,000 | 1,432,000 | 5,694,000 | 4,078,000 |
Tax-exempt, Securities | 1,224,000 | 916,000 | 3,177,000 | 2,629,000 |
Interest on interest bearing deposits with other banks | 170,000 | 118,000 | 262,000 | 240,000 |
Total interest income | 42,451,000 | 30,882,000 | 110,907,000 | 90,598,000 |
Interest expense | ||||
Deposits | 6,140,000 | 1,832,000 | 10,489,000 | 6,464,000 |
Short-term borrowings | 850,000 | 470,000 | 1,918,000 | 1,404,000 |
Long-term borrowings and subordinated debentures | 1,348,000 | 543,000 | 3,867,000 | 1,631,000 |
Total interest expense | 8,338,000 | 2,845,000 | 16,274,000 | 9,499,000 |
Net interest income | 34,113,000 | 28,037,000 | 94,633,000 | 81,099,000 |
Provision for credit losses | 1,500,000 | 0 | 5,450,000 | 2,500,000 |
Net interest income after provision for credit losses | 32,613,000 | 28,037,000 | 89,183,000 | 78,599,000 |
Noninterest income | ||||
Revenue from contracts with customers | 4,079,000 | 3,728,000 | 11,949,000 | 10,370,000 |
Mortgage origination revenue | 538,000 | 742,000 | 1,194,000 | 2,638,000 |
Realized (losses) gains on debt securities available for sale, net | (242,000) | (68,000) | (684,000) | 534,000 |
Gain (loss) on equity investments | 283,000 | 0 | (14,000) | 0 |
Bank owned life insurance and annuities income | 229,000 | 160,000 | 843,000 | 733,000 |
Other | 165,000 | 168,000 | 348,000 | 413,000 |
Total noninterest income | 4,887,000 | 4,567,000 | 13,288,000 | 14,256,000 |
Noninterest expenses | ||||
Salaries, commissions and employee benefits | 10,189,000 | 8,745,000 | 29,920,000 | 25,410,000 |
Net occupancy expense | 1,301,000 | 1,254,000 | 3,801,000 | 3,559,000 |
Equipment expense | 1,851,000 | 1,908,000 | 5,484,000 | 5,088,000 |
Professional fees | 372,000 | 374,000 | 1,242,000 | 1,140,000 |
Advertising and public relations | 276,000 | 254,000 | 613,000 | 482,000 |
Amortization of intangibles | 354,000 | 390,000 | 1,088,000 | 1,176,000 |
FDIC premiums | 292,000 | 354,000 | 872,000 | 1,119,000 |
Bank card expense | 726,000 | 705,000 | 2,249,000 | 1,964,000 |
Foreclosed properties expense, net of (gains)/losses | 26,000 | 370,000 | 77,000 | 1,342,000 |
Acquisition-related expenses | 0 | 273,000 | 33,000 | 1,167,000 |
Other | 3,834,000 | 2,716,000 | 8,651,000 | 8,365,000 |
Total noninterest expenses | 19,221,000 | 17,343,000 | 54,030,000 | 50,812,000 |
Income before income tax expense | 18,279,000 | 15,261,000 | 48,441,000 | 42,043,000 |
Income tax expense | 3,856,000 | 3,023,000 | 10,311,000 | 8,886,000 |
Net income | 14,423,000 | 12,238,000 | 38,130,000 | 33,157,000 |
Preferred stock dividends | 225,000 | 225,000 | 675,000 | 364,000 |
Net income applicable to common shares | $ 14,198,000 | $ 12,013,000 | $ 37,455,000 | $ 32,793,000 |
Basic earnings per common share (in dollars per share) | $ 1.11 | $ 0.93 | $ 2.94 | $ 2.53 |
Diluted earnings per common share (in dollars per share) | $ 1.11 | $ 0.92 | $ 2.92 | $ 2.52 |
Fiduciary and Trust [Member] | ||||
Noninterest income | ||||
Revenue from contracts with customers | $ 725,000 | $ 718,000 | $ 2,228,000 | $ 2,039,000 |
Deposit Account [Member] | ||||
Noninterest income | ||||
Revenue from contracts with customers | 1,550,000 | 1,338,000 | 4,625,000 | 3,530,000 |
Credit and Debit Card [Member] | ||||
Noninterest income | ||||
Revenue from contracts with customers | $ 1,639,000 | $ 1,509,000 | $ 4,748,000 | $ 4,369,000 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Net income | $ 14,423 | $ 12,238 | $ 38,130 | $ 33,157 |
2022 - $7,508, net of deferred taxes of $(1,802); 2021 - $907, net of deferred taxes of $(218) | (5,706) | (689) | (17,598) | (3,984) |
2022 - $2,962, net of deferred taxes of $(711) | 2,251 | 0 | 6,187 | 0 |
2022 - $(15,997), net of deferred taxes of $3,839 and reclassification adjustment for net realized losses included in net income of $(242), net of tax of $58; 2021 - $(3,555), net of deferred taxes of $853 and reclassification adjustment for net realized losses included in net income of $(68), net of tax of $16 | 12,158 | 2,702 | 40,942 | 4,341 |
Total other comprehensive loss | (4,201) | (2,013) | (17,157) | (357) |
Total comprehensive income | 10,222 | 10,225 | 20,973 | 32,800 |
2022 - $23,155, net of deferred taxes of $(5,557); 2021 - $5,242, net of deferred taxes of $(1,258) | 5,706 | 689 | 17,598 | 3,984 |
2022 - $(53,871), net of deferred taxes of $12,929 and reclassification adjustment for net realized losses included in net income of $(684), net of tax of $164; 2021 - $(5,712), net of deferred taxes of $1,371 and reclassification adjustment for net realized gains included in net income of $534, net of tax of $(128) | $ (12,158) | $ (2,702) | $ (40,942) | $ (4,341) |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Net unrealized gain (loss) on cashflow hedge | $ 7,508 | $ 907 | $ 23,155 | $ 5,242 |
Net unrealized gain (loss) on cashflow hedge, deferred tax | (1,802) | (218) | (5,557) | (1,258) |
Net unrealized gain (loss) on securities fair value hedge | 2,962 | 8,141 | ||
Net unrealized gain (loss) on securities fair value hedge, deferred tax | (711) | (1,954) | ||
OCI, Debt securities, available-for-sale, unealized holding gain (loss), before adjustment and tax | (15,997) | (3,555) | (53,871) | (5,712) |
OCI, Debt securities, available-for-sale, unealized holding gain (loss), before adjustment, tax | 3,839 | 853 | 12,929 | 1,371 |
Other comprehensive income (loss), reclassification adjustment from AOCI for sale of securities, before tax | (242) | (68) | (684) | 534 |
Other comprehensive income (loss), reclassification adjustment from AOCI for sale of securities, tax | $ 58 | $ 16 | $ 164 | $ (128) |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Stock Appreciation Rights (SARs) [Member] Preferred Stock Including Additional Paid in Capital [Member] | Stock Appreciation Rights (SARs) [Member] Common Stock Including Additional Paid in Capital [Member] | Stock Appreciation Rights (SARs) [Member] Unearned ESOP Shares [Member] | Stock Appreciation Rights (SARs) [Member] Retained Earnings [Member] | Stock Appreciation Rights (SARs) [Member] AOCI Attributable to Parent [Member] | Stock Appreciation Rights (SARs) [Member] | Employee Stock Options and Stock Appreciation Rights [Member] Preferred Stock Including Additional Paid in Capital [Member] | Employee Stock Options and Stock Appreciation Rights [Member] Common Stock Including Additional Paid in Capital [Member] | Employee Stock Options and Stock Appreciation Rights [Member] Unearned ESOP Shares [Member] | Employee Stock Options and Stock Appreciation Rights [Member] Retained Earnings [Member] | Employee Stock Options and Stock Appreciation Rights [Member] AOCI Attributable to Parent [Member] | Employee Stock Options and Stock Appreciation Rights [Member] | Preferred Stock Including Additional Paid in Capital [Member] | Common Stock Including Additional Paid in Capital [Member] | Unearned ESOP Shares [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total | |
Balance at Dec. 31, 2020 | $ 0 | $ 94,964 | $ (472) | $ 181,643 | $ 5,445 | $ 281,580 | |||||||||||||
Net income | 0 | 0 | 0 | 33,157 | 0 | 33,157 | |||||||||||||
Other comprehensive loss | 0 | 0 | 0 | 0 | (357) | (357) | |||||||||||||
Exercise of Stock award | $ 0 | $ 13 | $ 0 | $ 0 | $ 0 | $ 13 | |||||||||||||
Share-based compensation expense | 0 | 448 | 0 | 0 | 0 | 448 | |||||||||||||
Unallocated ESOP shares committed to be released | 0 | 225 | 187 | 0 | 0 | 412 | |||||||||||||
Common stock issuances from reinvested dividends | 0 | 213 | 0 | 0 | 0 | 213 | |||||||||||||
Preferred stock cash dividends declared | 0 | 0 | 0 | (364) | 0 | (364) | |||||||||||||
Common stock cash dividends declared | 0 | 0 | 0 | (6,733) | 0 | (6,733) | |||||||||||||
Vesting of RSUs | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||
Issuance of shares of preferred stock, net of issuance costs | 14,920 | 0 | 0 | 0 | 0 | 14,920 | |||||||||||||
Balance at Sep. 30, 2021 | 14,920 | 95,863 | (285) | 207,703 | 5,088 | 323,289 | |||||||||||||
Balance at Jun. 30, 2021 | 14,920 | 95,511 | (347) | 198,022 | 7,101 | 315,207 | |||||||||||||
Net income | 0 | 0 | 0 | 12,238 | 0 | 12,238 | |||||||||||||
Other comprehensive loss | 0 | 0 | 0 | 0 | (2,013) | (2,013) | |||||||||||||
Share-based compensation expense | 0 | 195 | 0 | 0 | 0 | 195 | |||||||||||||
Unallocated ESOP shares committed to be released | 0 | 72 | 62 | 0 | 0 | 134 | |||||||||||||
Common stock issuances from reinvested dividends | 0 | 72 | 0 | 0 | 0 | 72 | |||||||||||||
Preferred stock cash dividends declared | 0 | 0 | 0 | (225) | 0 | (225) | |||||||||||||
Common stock cash dividends declared | 0 | 0 | 0 | (2,332) | 0 | (2,332) | |||||||||||||
Exercise of Options | 0 | 13 | 0 | 0 | 0 | 13 | |||||||||||||
Balance at Sep. 30, 2021 | 14,920 | 95,863 | (285) | 207,703 | 5,088 | 323,289 | |||||||||||||
Balance at Dec. 31, 2021 | 14,920 | 89,525 | (224) | 217,770 | 5,482 | 327,473 | [1] | ||||||||||||
Net income | 0 | 0 | 0 | 38,130 | 0 | 38,130 | |||||||||||||
Other comprehensive loss | 0 | 0 | 0 | 0 | (17,157) | (17,157) | |||||||||||||
Exercise of Stock award | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | |||||||||||||
Share-based compensation expense | 0 | 469 | 0 | 0 | 0 | 469 | |||||||||||||
Unallocated ESOP shares committed to be released | 0 | 257 | 168 | 0 | 0 | 425 | |||||||||||||
Common stock issuances from reinvested dividends | 0 | 150 | 0 | 0 | 0 | 150 | |||||||||||||
Preferred stock cash dividends declared | 0 | 0 | 0 | (675) | 0 | (675) | |||||||||||||
Common stock cash dividends declared | 0 | 0 | 0 | (7,141) | 0 | (7,141) | |||||||||||||
Vesting of RSUs | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||
Balance at Sep. 30, 2022 | 14,920 | 90,401 | (56) | 248,084 | (11,675) | 341,674 | |||||||||||||
Balance at Jun. 30, 2022 | 14,920 | 90,119 | (112) | 236,438 | (7,474) | 333,891 | |||||||||||||
Net income | 0 | 0 | 0 | 14,423 | 0 | 14,423 | |||||||||||||
Other comprehensive loss | 0 | 0 | 0 | 0 | (4,201) | (4,201) | |||||||||||||
Exercise of Stock award | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | |||||||||||||
Share-based compensation expense | 0 | 145 | 0 | 0 | 0 | 145 | |||||||||||||
Unallocated ESOP shares committed to be released | 0 | 92 | 56 | 0 | 0 | 148 | |||||||||||||
Common stock issuances from reinvested dividends | 0 | 45 | 0 | 0 | 0 | 45 | |||||||||||||
Preferred stock cash dividends declared | 0 | 0 | 0 | (225) | 0 | (225) | |||||||||||||
Common stock cash dividends declared | 0 | 0 | 0 | (2,552) | 0 | (2,552) | |||||||||||||
Balance at Sep. 30, 2022 | $ 14,920 | $ 90,401 | $ (56) | $ 248,084 | $ (11,675) | $ 341,674 | |||||||||||||
[1]Derived from audited consolidated financial statements |
Consolidated Statements of Sh_2
Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Stock Appreciation Rights (SARs) [Member] | ||||
Exercise of Stock award, share (in shares) | 5,107 | |||
Employee Stock Options and Stock Appreciation Rights [Member] | ||||
Exercise of Stock award, share (in shares) | 5,380 | |||
Stock Issued During Period, Shares, Employee Stock Ownership Plan (in shares) | 5,176 | 5,751 | 15,527 | 17,252 |
Common stock issuances from reinvested dividends, number of shares (in shares) | 1,619 | 2,885 | 5,640 | 8,657 |
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ 0.20 | $ 0.18 | $ 0.56 | $ 0.52 |
Share-based compensation arrangement by share-based payment award, options, exercises in period (in shares) | 5,000 | |||
Share-based compensation arrangement by share-based payment award, options, vested in period (in shares) | 5,246 | 3,400 | ||
Stock Issued During Period, New Issues (in shares) | 1,500 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2022 | Sep. 30, 2021 | |
Cash Flows from Operating Activities | ||
Net income | $ 38,130,000 | $ 33,157,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation | 2,727,000 | 2,650,000 |
Provision for credit losses | 5,450,000 | 2,500,000 |
Share-based compensation expense | 469,000 | 448,000 |
Deferred income tax expense | 487,000 | 44,000 |
Loans originated for sale | (18,857,000) | (94,025,000) |
Proceeds from sale of loans | 19,048,000 | 96,519,000 |
Gains on loans held for sale | (326,000) | (1,890,000) |
Realized losses (gains) on debt securities, net | 684,000 | (534,000) |
Loss on equity investments | 14,000 | 0 |
Loss on disposal of assets | 7,000 | 113,000 |
Write-downs of foreclosed properties | 42,000 | 1,006,000 |
Amortization of securities premiums, net | 3,626,000 | 3,163,000 |
Accretion related to acquisition adjustments, net | (973,000) | (1,271,000) |
Amortization of intangibles | 1,088,000 | 1,176,000 |
Earnings on bank owned life insurance and annuities | (603,000) | (803,000) |
(Increase) decrease in accrued interest receivable | (2,664,000) | 1,657,000 |
Decrease (increase) in other assets | 1,491,000 | (207,000) |
Increase in other liabilities | 526,000 | 642,000 |
Net cash provided by operating activities | 50,366,000 | 44,345,000 |
Cash Flows from Investing Activities | ||
Proceeds from maturities and calls of debt securities available for sale | 1,795,000 | 6,455,000 |
Proceeds from sales of debt securities available for sale | 61,471,000 | 15,704,000 |
Principal payments received on debt securities available for sale | 29,023,000 | 22,925,000 |
Purchases of debt securities available for sale | (131,913,000) | (190,653,000) |
Purchase of equity investments | (4,930,000) | |
Purchases of other investments | (17,699,000) | (343,000) |
Proceeds from redemptions of other investments | 10,009,000 | 3,139,000 |
Net loan originations | (315,676,000) | (90,086,000) |
Purchases of premises and equipment | (1,111,000) | (3,683,000) |
Proceeds from disposal of premises and equipment | 55,000 | 59,000 |
Improvements to property held for sale | (17,000) | 100,000 |
Proceeds from sales of repossessed assets & property held for sale | 4,732,000 | 2,457,000 |
Purchase of life insurance contracts and annuities | (10,000,000) | 0 |
Cash and cash equivalents from acquisitions, net of cash consideration paid 2021 - $9,807 | 0 | 95,699,000 |
Net cash used in investing activities | (374,261,000) | (138,227,000) |
Cash Flows from Financing Activities | ||
Net increase in demand deposit, NOW and savings accounts | 283,192,000 | 275,730,000 |
Net decrease in time deposits | (117,424,000) | (78,560,000) |
Net increase in short-term borrowings | 133,002,000 | 0 |
Repayment of long-term borrowings | (16,000) | (15,000) |
Proceeds from issuance of common stock | 150,000 | 213,000 |
Proceeds from issuance of preferred stock, net of issuance costs | 0 | 14,920,000 |
Exercise of stock options | 0 | 13,000 |
Dividends paid on common stock | (7,141,000) | (6,733,000) |
Dividends paid on preferred stock | (675,000) | (364,000) |
Net cash provided by financing activities | 291,088,000 | 205,204,000 |
(Decrease) increase in cash and cash equivalents | (32,807,000) | 111,322,000 |
Cash and cash equivalents: | ||
Beginning | 78,458,000 | 99,787,000 |
Ending | 45,651,000 | 211,109,000 |
Cash payments for: | ||
Interest | 14,089,000 | 9,671,000 |
Income taxes | 9,195,000 | 9,017,000 |
Supplemental Disclosures of Noncash Investing and Financing Activities | ||
Real property and other assets acquired in settlement of loans | 6,000 | 532,000 |
Right of use assets obtained in exchange for lease obligations | 0 | 1,950,000 |
Supplemental Disclosures of Noncash Transactions Included in Acquisition | ||
Assets acquired | 0 | 58,054,000 |
Liabilities assumed | $ 0 | $ 164,085,000 |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) | 9 Months Ended |
Sep. 30, 2021 USD ($) | |
Cash consideration paid | $ 9,807 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | 1. BASIS OF PRESENTATION We, Summit Financial Group, Inc. and subsidiary, prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America for interim financial information and with instructions to Form 10 X. not The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from these estimates. You should carefully consider each risk factor discussed in Part I, “Item 1A. 10 December 31, 2021 The results of operations for the three nine September 30, 2022 not 2021 10 |
Note 2 - Significant New Author
Note 2 - Significant New Authoritative Accounting Guidance | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 2. SIGNIFICANT NEW AUTHORITATIVE ACCOUNTING GUIDANCE Recently Adopted In October 2020, 2020 08 Codification Improvements to Subtopic 310 20, Nonrefundable fees and Other Costs 310 20 35 33 December 15, 2021, not No. 2020 08 2020 08 not Pending Adoption In March 2020, 2020 04 Reference Rate Reform (Topic 848 March 12, 2020 December 31, 2022. not In October 2021, 2021 08 Business Combinations (Topic 805 606 not December 15, 2022. not 2021 08 In March 2022, No. 2022 01, Derivatives and Hedging (Topic 815 Portfolio Layer Method. 2022 01 815 2017, 2017 12 one not 2022 01 2022 01 December 15, 2022, not 2022 01 In March 2022, 2022 02, Financial Instruments - Credit Losses (Topic 326 2022 02 310 40, Receivables - Troubled Debt Restructurings by Creditors 2022 02 326 20, Financial Instruments - Credit Losses - Measured at Amortized Cost 2022 02 January 1, 2023 2022 02 not In June 2022, 2022 03, Fair Value Measurement (Topic 820 2022 03 not not December 15, 2023. not 2022 03 |
Note 3 - Fair Value Measurement
Note 3 - Fair Value Measurements | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 3. FAIR VALUE MEASUREMENTS The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis. Balance at Fair Value Measurements Using: Dollars in thousands September 30, 2022 Level 1 Level 2 Level 3 Debt securities available for sale U.S. Government sponsored agencies and corporations $ 21,659 $ — $ 21,659 $ — Residential mortgage-backed securities: Government sponsored agencies 52,004 — 52,004 — Nongovernment sponsored entities 48,680 — 48,680 — State and political subdivisions 94,001 — 94,001 — Corporate debt securities 31,111 — 27,431 3,680 Asset-backed securities 22,401 — 22,401 — Tax-exempt state and political subdivisions 114,109 — 114,109 — Total debt securities available for sale $ 383,965 $ — $ 380,285 $ 3,680 Derivative financial assets Interest rate caps $ 31,659 $ — $ 31,659 $ — Interest rate swaps 10,520 — 10,520 — 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 and corporations $ 36,629 $ — $ 36,629 $ — Residential 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 $ — We may Balance at Fair Value Measurements Using: Dollars in thousands September 30, 2022 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 362 $ — $ 362 $ — Collateral-dependent loans with an ACLL Commercial real estate $ 3,051 $ — $ 3,051 $ — Construction and development 350 — 350 — Residential real estate 700 — 182 518 Total collateral-dependent loans with an ACLL $ 4,101 $ — $ 3,583 $ 518 Property held for sale Commercial real estate $ 297 $ — $ 297 $ — Construction and development 4,625 — 4,625 — Residential real estate — — — — Total property held for sale $ 4,922 $ — $ 4,922 $ — 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 $ — The carrying values and estimated fair values of our financial instruments are summarized below: September 30, 2022 Fair Value Measurements Using: Estimated Carrying Fair Dollars in thousands Value Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 45,651 $ 45,651 $ 16,141 $ 29,510 $ — Debt securities available for sale 383,965 383,965 — 380,285 3,680 Debt securities held to maturity 96,640 84,085 — 84,085 — Equity investments 25,118 25,118 4,803 20,315 — Other investments 18,105 18,105 — 18,105 — Loans held for sale 362 362 — 362 — Loans, net 3,038,377 3,015,381 — 3,583 3,011,798 Accrued interest receivable 13,242 13,242 — 13,242 — Cash surrender value of life insurance policies and annuities 71,216 71,216 — 71,216 — Derivative financial assets 42,179 42,179 — 42,179 — $ 3,734,855 $ 3,699,304 $ 20,944 $ 662,882 $ 3,015,478 Financial liabilities Deposits $ 3,108,072 $ 3,108,049 $ — $ 3,108,049 $ — Short-term borrowings 273,148 273,148 — 273,148 — Long-term borrowings 663 679 — 679 — Subordinated debentures 103,175 93,912 — 93,912 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 2,222 2,222 — 2,222 — $ 3,506,869 $ 3,497,599 $ — $ 3,497,599 $ — December 31, 2021 Fair Value Measurements Using: Estimated Carrying Fair Dollars in thousands Value Value 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 annuities 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 $ — $ 3,210,787 $ — |
Note 4 - Earnings Per Share
Note 4 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 4. EARNINGS PER SHARE The computations of basic and diluted earnings per share follow: For the Three Months Ended September 30, 2022 2021 Common Common Net Income Shares Per Net Income Shares Per Dollars in thousands,except per share amounts (Numerator) (Denominator) Share (Numerator) (Denominator) Share Net income $ 14,423 $ 12,238 Less preferred stock dividends (225 ) (225 ) Basic earnings per share $ 14,198 12,766,473 $ 1.11 $ 12,013 12,964,575 $ 0.93 Effect of dilutive securities: Stock options — 789 Stock appreciation rights ("SARs") 65,915 48,827 Restricted stock units ("RSUs") 3,372 4,481 Diluted earnings per share $ 14,198 12,835,760 $ 1.11 $ 12,013 13,018,672 $ 0.92 For the Nine Months Ended September 30, 2022 2021 Common Common Net Income Shares Per Net Income Shares Per Dollars in thousands,except per share amounts (Numerator) (Denominator) Share (Numerator) (Denominator) Share Net income $ 38,130 $ 33,157 Less preferred stock dividends (675 ) (364 ) Basic earnings per share $ 37,455 12,755,576 $ 2.94 $ 32,793 12,953,053 $ 2.53 Effect of dilutive securities: Stock options — 3,278 Stock appreciation rights ("SARs") 56,035 49,951 Restricted stock units ("RSUs") 4,371 5,244 Diluted earnings per share $ 37,455 12,815,982 $ 2.92 $ 32,793 13,011,526 $ 2.52 Stock option and SAR grants are disregarded in this computation if they are determined to be anti-dilutive. All stock options were dilutive for the three nine September 30, 2021 . Our anti-dilutive SARs were 105,467 three nine September 30, 2022 and totaled 222,740 for the three nine September 30, 2021 . All RSUs were dilutive for all periods presented. |
Note 5 - Debt Securities
Note 5 - Debt Securities | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 5. DEBT SECURITIES Debt Securities Available for Sale The amortized cost, unrealized gains, unrealized losses and estimated fair values of debt securities available for sale at September 30, 2022 December 31, 2021 September 30, 2022 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Debt Securities Available for Sale Taxable debt securities U.S. Government sponsored agencies and corporations $ 21,874 $ 91 $ 306 $ 21,659 Residential mortgage-backed securities: Government-sponsored agencies 55,924 84 4,004 52,004 Nongovernment-sponsored entities 51,342 2 2,664 48,680 State and political subdivisions General obligations 82,029 3 19,151 62,881 Sales tax revenues 6,896 — 1,766 5,130 Various tax revenues 10,707 — 2,462 8,245 Utility revenues 5,302 — 1,293 4,009 Other revenues 16,856 — 3,120 13,736 Corporate debt securities 32,658 — 1,547 31,111 Asset-backed securities 22,696 — 295 22,401 Total taxable debt securities 306,284 180 36,608 269,856 Tax-exempt debt securities State and political subdivisions General obligations 90,512 — 9,624 80,888 Water and sewer revenues 15,142 — 1,682 13,460 Lease revenues 6,326 — 659 5,667 Various tax revenues 7,885 — 1,445 6,440 Other revenues 9,227 — 1,573 7,654 Total tax-exempt debt securities 129,092 — 14,983 114,109 Total debt securities available for sale $ 435,376 $ 180 $ 51,591 $ 383,965 December 31, 2021 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Debt Securities Available for Sale Taxable debt securities U.S. Government sponsored 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 Accrued interest receivable on debt securities available for sale totaled $2.9 million at September 30, 2022 December 31, 2021 The below information is relative to the five no September 30, 2022 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value California $ 47,597 $ — $ 10,650 $ 36,947 Texas 35,726 — 5,621 30,105 Washington 20,736 — 2,286 18,450 Michigan 21,440 — 3,099 18,341 Oregon 15,766 — 3,997 11,769 Management performs pre-purchase and ongoing analysis to confirm that all investment securities meet applicable credit quality standards. The maturities, amortized cost and estimated fair values of debt securities available for sale at September 30, 2022 Amortized Estimated Dollars in thousands Cost Fair Value Due in one year or less $ 34,660 $ 33,530 Due from one to five years 80,286 76,508 Due from five to ten years 62,393 57,655 Due after ten years 258,037 216,272 Total $ 435,376 $ 383,965 The proceeds from sales, calls and maturities of debt securities available for sale, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized, for the nine September 30, 2022 2021 Proceeds from Gross realized Calls and Principal Dollars in thousands Sales Maturities Payments Gains Losses For the Nine Months Ended September 30, 2022 $ 61,471 $ 1,795 $ 29,023 $ 218 $ 902 2021 $ 15,704 $ 6,455 $ 22,925 $ 628 $ 94 Provided below is a summary of debt securities available for sale which were in an unrealized loss position at September 30, 2022 December 31, 2021 September 30, 2022 Less than 12 months 12 months or more Total # of securities Estimated Unrealized Estimated Unrealized Estimated Unrealized Dollars in thousands in loss position Fair Value Loss Fair Value Loss Fair Value Loss Taxable debt securities U.S. Government sponsored agencies and corporations 26 $ 5,744 $ 100 $ 10,544 $ 206 $ 16,288 $ 306 Residential mortgage-backed securities: Government-sponsored agencies 58 26,975 1,929 14,902 2,075 41,877 4,004 Nongovernment-sponsored entities 20 28,811 1,596 8,882 1,068 37,693 2,664 State and political subdivisions: General obligations 56 18,116 3,420 43,770 15,731 61,886 19,151 Sales tax revenues 4 1,842 498 3,289 1,268 5,131 1,766 Various tax revenues 7 3,253 704 4,992 1,758 8,245 2,462 Utility revenues 3 1,542 459 2,466 834 4,008 1,293 Other revenues 16 12,588 2,792 1,148 328 13,736 3,120 Corporate debt securities 20 11,579 773 10,071 774 21,650 1,547 Asset-backed securities 15 21,781 283 620 12 22,401 295 Tax-exempt debt securities State and political subdivisions: General obligations 58 59,699 4,542 21,189 5,082 80,888 9,624 Water and sewer revenues 14 12,298 1,457 682 225 12,980 1,682 Lease revenues 3 3,762 138 1,874 521 5,636 659 Various tax revenues 4 6,312 1,417 128 28 6,440 1,445 Other revenues 7 6,475 1,324 1,034 249 7,509 1,573 Total 311 $ 220,777 $ 21,432 $ 125,591 $ 30,159 $ 346,368 $ 51,591 December 31, 2021 Less than 12 months 12 months or more Total # of securities Estimated Unrealized Estimated Unrealized Estimated Unrealized Dollars in thousands in loss position Fair Value Loss Fair Value Loss Fair Value Loss Taxable debt securities U.S. Government sponsored agencies and corporations 41 $ 6,630 $ 23 $ 21,061 $ 337 $ 27,691 $ 360 Residential mortgage-backed securities: 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 We do not not not not none no Debt Securities Held to Maturity The amortized cost, unrealized gains, unrealized losses and estimated fair values of debt securities held to maturity at September 30, 2022 December 31, 2021 September 30, 2022 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 $ 70,755 $ — $ 8,607 $ 62,148 Water and sewer revenues 8,053 — 836 7,217 Lease revenues 4,254 — 698 3,556 Sales tax revenues 4,532 — 809 3,723 Various tax revenues 5,532 — 1,217 4,315 Other revenues 3,514 — 388 3,126 Total debt securities held to maturity $ 96,640 $ — $ 12,555 $ 84,085 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 Accrued interest receivable on debt securities held to maturity totaled $937,000 at September 30, 2022 December 31, 2021 The below information is relative to the five no September 30, 2022 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Texas $ 15,176 $ — $ 1,713 $ 13,463 California 9,718 — 980 8,738 Pennsylvania 8,519 — 1,017 7,502 Florida 7,498 — 1,183 6,315 Michigan 6,937 — 1,003 5,934 The following table displays the amortized cost of held to maturity debt securities by credit rating at September 30, 2022 December 31, 2021 September 30, 2022 Dollars in thousands AAA AA A BBB Below Investment Grade Tax-exempt state and political subdivisions $ 12,905 $ 76,324 $ 7,411 $ — $ — 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 $ — $ — We owned no past due or nonaccrual held to maturity debt securities at September 30, 2022 December 31, 2021 The maturities, amortized cost and estimated fair values of held to maturity debt securities at September 30, 2022 Amortized Estimated Dollars in thousands Cost Fair Value Due in one year or less $ — $ — Due from one to five years — — Due from five to ten years 2,826 2,527 Due after ten years 93,814 81,558 Total $ 96,640 $ 84,085 There were no proceeds from calls and maturities of debt securities held to maturity for the nine September 30, 2022 2021. At September 30, 2022 |
Note 6 - Loans and Allowance fo
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 6. LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS (ACLL) Loans The following table presents the amortized cost of loans held for investment: September 30, December 31, Dollars in thousands 2022 2021 Commercial $ 512,771 $ 365,301 Commercial real estate - owner occupied Professional & medical 120,480 150,759 Retail 190,196 190,304 Other 162,622 143,645 Commercial real estate - non-owner occupied Hotels & motels 145,739 128,450 Mini-storage 51,508 59,045 Multifamily 271,015 233,157 Retail 191,676 162,758 Other 300,689 282,621 Construction and development Land & land development 104,437 100,805 Construction 248,564 146,038 Residential 1-4 family real estate Personal residence 258,590 262,805 Rental - small loan 123,612 121,989 Rental - large loan 87,449 79,108 Home equity 72,756 72,112 Mortgage warehouse lines 194,740 227,869 Consumer 35,116 31,923 Other Credit cards 2,032 1,891 Overdrafts 1,135 811 Total loans, net of unearned fees 3,075,127 2,761,391 Less allowance for credit losses - loans 36,750 32,298 Loans, net $ 3,038,377 $ 2,729,093 Accrued interest and fees receivable on loans totaled $8.6 million and $7.2 million at September 30, 2022 December 31, 2021 The following table presents the contractual aging of the amortized cost basis of past due loans by class as of September 30, 2022 December 31, 2021 At September 30, 2022 Past Due 90 days or more and Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current Accruing Commercial $ 1,279 $ 57 $ 138 $ 1,474 $ 511,297 $ — Commercial real estate - owner occupied Professional & medical 336 — — 336 120,144 — Retail — — 878 878 189,318 — Other 464 113 — 577 162,045 — Commercial real estate - non-owner occupied Hotels & motels — — — — 145,739 — Mini-storage — — — — 51,508 — Multifamily 71 446 112 629 270,386 — Retail 264 — — 264 191,412 — Other — — — — 300,689 — Construction and development Land & land development 1,000 105 33 1,138 103,299 — Construction — — — — 248,564 — Residential 1-4 family real estate Personal residence 1,533 595 2,298 4,426 254,164 — Rental - small loan 1,029 103 584 1,716 121,896 — Rental - large loan — — — — 87,449 — Home equity 347 8 57 412 72,344 — Mortgage warehouse lines — — — — 194,740 — Consumer 145 73 2 220 34,896 — Other Credit cards 1 3 4 8 2,024 4 Overdrafts — — — — 1,135 — Total $ 6,469 $ 1,503 $ 4,106 $ 12,078 $ 3,063,049 $ 4 December 31, 2021 Past Due 90 days or more and Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current Accruing 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 The following table presents the nonaccrual loans included in the net balance of loans at September 30, 2022 December 31, 2021 September 30, December 31, 2022 2021 Nonaccrual Nonaccrual with No with No Allowance for Allowance for Credit Losses Credit Losses Dollars in thousands Nonaccrual - Loans Nonaccrual - Loans Commercial $ 347 $ 64 $ 740 $ 96 Commercial real estate - owner occupied Professional & medical — — — — Retail 1,010 656 775 — Other 298 — 341 — Commercial real estate - non-owner occupied Hotels & motels — — 3,085 — Mini-storage — — — — Multifamily 112 — 55 — Retail 440 — 338 — Other — — 9 — Construction and development Land & land development 902 — 1,560 — Construction — — — — Residential 1-4 family real estate Personal residence 3,479 — 2,504 — Rental - small loan 2,437 257 3,094 — Rental - large loan — — — — Home equity 167 — 174 — Mortgage warehouse lines — — — — Consumer 4 — 17 — Other Credit cards — — — — Overdrafts — — — — Total $ 9,196 $ 977 $ 12,692 $ 96 At September 30, 2022 of $20.1 million, of which $18.1 million were December 31, 2021, The following table presents by class the TDRs that were restructured during the three nine September 30, 2022 and September 30, 2021 . For the Three Months Ended For the Three Months Ended September 30, 2022 September 30, 2021 Pre- Post- Pre- Post- modification modification modification modification Number of Recorded Recorded Number of Recorded Recorded Dollars in thousands Modifications Investment Investment Modifications Investment Investment Residential 1-4 family real estate Personal residence 1 $ 41 $ 41 — $ — $ — Total 1 $ 41 $ 41 $ — $ — $ — For the Nine Months Ended For the Nine Months Ended September 30, 2022 September 30, 2021 Pre- Post- Pre- Post- modification modification modification modification Number of Recorded Recorded Number of Recorded Recorded Dollars in thousands Modifications Investment Investment Modifications Investment Investment Residential 1-4 family real estate Personal residence 7 $ 377 $ 377 — $ — $ — Home equity 1 132 132 — — — Total 8 $ 509 $ 509 $ — $ — $ — The following tables present defaults during the stated period of TDRs that were restructured during the prior 12 30 For the Three Months Ended For the Three Months Ended September 30, 2022 September 30, 2021 Number Recorded Number Recorded of Investment of Investment Dollars in thousands Defaults at Default Date Defaults at Default Date Residential 1-4 family real estate Personal residence 8 $ 531 — $ — Home equity 1 110 — — Consumer 1 12 — — Total 10 $ 653 — $ — For the Nine Months Ended For the Nine Months Ended September 30, 2022 September 30, 2021 Number Recorded Number Recorded of Investment of Investment Dollars in thousands Defaults at Default Date Defaults at Default Date Residential 1-4 family real estate Personal residence 8 $ 531 — $ — Home equity 1 110 — — Consumer 1 12 — — Total 10 $ 653 — $ — Credit Quality Indicators: Pass: not Special Mention: may not may Substandard: not Doubtful: Loss: not not no may Management considers the guidance in ASC 310 20 September 30, 2022 December 31, 2021 September 30, 2022 Revolvi- Revolving- Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior ng Term Total Commercial Pass $ 135,917 $ 101,025 $ 28,697 $ 21,553 $ 3,672 $ 12,748 $ 205,118 $ — $ 508,730 Special Mention 708 527 272 57 13 154 1,995 — 3,726 Substandard 54 87 3 64 29 2 76 — 315 Total Commercial 136,679 101,639 28,972 21,674 3,714 12,904 207,189 — 512,771 Commercial Real Estate - Owner Occupied Professional & medical Pass 11,421 47,226 10,535 6,720 4,134 36,560 2,237 — 118,833 Special Mention — — 1,128 — — 237 — — 1,365 Substandard — — 72 — — 210 — — 282 Total Professional & Medical 11,421 47,226 11,735 6,720 4,134 37,007 2,237 — 120,480 Retail Pass 18,462 74,289 28,666 29,502 8,298 27,350 2,002 — 188,569 Special Mention — — — — — 617 — — 617 Substandard — — — — — 1,010 — — 1,010 Total Retail 18,462 74,289 28,666 29,502 8,298 28,977 2,002 — 190,196 Other Pass 42,328 27,709 25,198 8,689 15,512 37,715 4,456 — 161,607 Special Mention — 57 — — 113 547 — — 717 Substandard — — — — — 298 — — 298 Total Other 42,328 27,766 25,198 8,689 15,625 38,560 4,456 — 162,622 Total Commercial Real Estate - Owner Occupied 72,211 149,281 65,599 44,911 28,057 104,544 8,695 — 473,298 Commercial Real Estate - Non-Owner Occupied Hotels & motels Pass 32,185 1,706 3,223 32,911 15,462 20,899 55 — 106,441 Special Mention — — — 36,337 — — — — 36,337 Substandard — — 2,731 — — 230 — — 2,961 Total Hotels & Motels 32,185 1,706 5,954 69,248 15,462 21,129 55 — 145,739 Mini-storage Pass 2,474 13,285 7,786 3,890 13,159 10,545 190 — 51,329 Special Mention — 134 — — — 45 — — 179 Substandard — — — — — — — — — Total Mini-storage 2,474 13,419 7,786 3,890 13,159 10,590 190 — 51,508 Multifamily Pass 54,139 59,080 49,287 29,671 21,515 55,196 1,483 — 270,371 Special Mention — — 592 — — — — — 592 Substandard — — — — — 52 — — 52 Total Multifamily 54,139 59,080 49,879 29,671 21,515 55,248 1,483 — 271,015 September 30, 2022 Revolvi- Revolving- Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior ng Term Total Retail Pass 43,750 52,890 40,028 5,719 7,148 25,925 6,964 — 182,424 Special Mention — — — — — 984 — — 984 Substandard — — — 7,828 — 440 — — 8,268 Total Retail 43,750 52,890 40,028 13,547 7,148 27,349 6,964 — 191,676 Other Pass 44,314 126,190 53,016 12,458 5,540 54,192 1,581 — 297,291 Special Mention — — — — 564 — — — 564 Substandard — — — — — 2,834 — — 2,834 Total Other 44,314 126,190 53,016 12,458 6,104 57,026 1,581 — 300,689 Total Commercial Real Estate - Non-Owner Occupied 176,862 253,285 156,663 128,814 63,388 171,342 10,273 — 960,627 Construction and Development Land & land development Pass 24,859 24,169 10,740 13,475 5,204 17,576 5,796 — 101,819 Special Mention — — 256 111 — 488 — — 855 Substandard — — — — — 1,763 — — 1,763 Total Land & land development 24,859 24,169 10,996 13,586 5,204 19,827 5,796 — 104,437 Construction Pass 66,592 111,514 63,393 317 1,368 — 5,054 — 248,238 Special Mention — — — — — — — — — Substandard — — — — 326 — — — 326 Total Construction 66,592 111,514 63,393 317 1,694 — 5,054 — 248,564 Total Construction and Development 91,451 135,683 74,389 13,903 6,898 19,827 10,850 — 353,001 Residential 1-4 Family Real Estate Personal residence Pass 27,666 38,585 30,420 16,218 17,191 109,624 — — 239,704 Special Mention 1 — — 180 61 9,357 — — 9,599 Substandard — — — 626 816 7,845 — — 9,287 Total Personal Residence 27,667 38,585 30,420 17,024 18,068 126,826 — — 258,590 Rental - small loan Pass 19,240 27,689 12,473 11,588 8,352 33,311 5,281 — 117,934 Special Mention — 225 104 — — 1,225 — — 1,554 Substandard — — — 165 428 3,380 151 — 4,124 Total Rental - Small Loan 19,240 27,914 12,577 11,753 8,780 37,916 5,432 — 123,612 Rental - large loan Pass 20,848 33,504 11,246 3,649 3,972 9,442 1,323 — 83,984 Special Mention — — — — — 27 — — 27 Substandard — — — — — 3,438 — — 3,438 Total Rental - Large Loan 20,848 33,504 11,246 3,649 3,972 12,907 1,323 — 87,449 Home equity Pass 66 416 30 29 52 1,226 68,910 — 70,729 Special Mention — — — — — 48 1,397 — 1,445 Substandard — — — — 57 300 225 — 582 Total Home Equity 66 416 30 29 109 1,574 70,532 — 72,756 Total Residential 1-4 Family Real Estate 67,821 100,419 54,273 32,455 30,929 179,223 77,287 — 542,407 September 30, 2022 Revolvi- Revolving- Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior ng Term Total Mortgage warehouse lines Pass — — — — — — 194,740 — 194,740 Total Mortgage Warehouse Lines — — — — — — 194,740 — 194,740 Consumer Pass 14,718 9,067 3,592 2,188 894 1,417 860 — 32,736 Special Mention 1,059 469 218 98 26 108 11 — 1,989 Substandard 234 86 38 2 4 — 27 — 391 Total Consumer 16,011 9,622 3,848 2,288 924 1,525 898 — 35,116 Other Credit cards Pass 2,032 — — — — — — — 2,032 Total Credit Cards 2,032 — — — — — — — 2,032 Overdrafts Pass 1,135 — — — — — — — 1,135 Total Overdrafts 1,135 — — — — — — — 1,135 Total Other 3,167 — — — — — — — 3,167 Total $ 564,202 $ 749,929 $ 383,744 $ 244,045 $ 133,910 $ 489,365 $ 509,932 $ — $ 3,075,127 December 31, 2021 Revolvi- Revolving- Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior ng 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 Commercial Real Estate - Owner Occupied 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 - Owner Occupied 184,061 73,733 54,700 30,124 40,524 93,916 7,650 — 484,708 December 31, 2021 Revolvi- Revolving- Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior ng Term Total Commercial Real Estate - Non-Owner Occupied 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 Substandard — — — — — — — — — 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 - Non-Owner Occupied 230,892 178,494 158,783 70,491 44,287 162,785 20,299 — 866,031 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 Special Mention — — — — — — — — — Substandard — — — 329 — 170 — — 499 Total Construction 64,352 64,022 7,438 1,736 — 170 8,320 — 146,038 Total Construction and Development 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 December 31, 2021 Revolvi- Revolving- Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior ng Term Total 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 Estate 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 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 Allowance for Credit Losses - Loans The following tables presents the activity in the ACLL by portfolio segment during the three nine September 30, 2022 2021 twelve December 31, 2021: For the Three Months Ended September 30, 2022 Allowance for Credit Losses - Loans Provision for Credit Beginning Losses - Charge- Ending Dollars in thousands Balance Loans offs Recoveries Balance Commercial $ 4,545 $ 531 $ (35 ) $ 77 $ 5,118 Commercial real estate - owner occupied Professional & medical 1,180 (231 ) — — 949 Retail 1,597 82 (108 ) — 1,571 Other 457 (4 ) — — 453 Commercial real estate - non-owner occupied Hotels & motels 1,159 93 — — 1,252 Mini-storage 97 (11 ) — — 86 Multifamily 2,330 (118 ) — — 2,212 Retail 1,891 (560 ) — 52 1,383 Other 2,103 48 — 30 2,181 Construction and development Land & land development 3,600 (95 ) — 2 3,507 Construction 8,208 1,644 — — 9,852 Residential 1-4 family real estate Personal residence 2,669 4 (21 ) 13 2,665 Rental - small loan 2,097 (124 ) (4 ) 12 1,981 Rental - large loan 2,181 442 — — 2,623 Home equity 399 17 — 11 427 Mortgage warehouse lines — — — — — Consumer 254 (61 ) (47 ) 30 176 Other Credit cards 17 (7 ) (6 ) 13 17 Overdrafts 279 45 (44 ) 17 297 Total $ 35,063 $ 1,695 $ (265 ) $ 257 $ 36,750 For the Three Months Ended September 30, 2021 Allowance for Credit Losses - Loans Provision for Adjustment Credit for PCD Beginning Losses - Acquired Charge- Ending Dollars in thousands Balance Loans Loans offs Recoveries Balance Commercial $ 2,709 $ 46 $ — $ — $ 4 $ 2,759 Commercial real estate - owner occupied Professional & medical 986 (46 ) 71 — — 1,011 Retail 3,519 (1,791 ) — — — 1,728 Other 556 46 — — — 602 Commercial real estate - non-owner occupied Hotels & motels 2,569 29 — — — 2,598 Mini-storage 157 19 — — — 176 Multifamily 1,637 457 — (233 ) 4 1,865 Retail 1,471 107 — — — 1,578 Other 1,425 330 — — — 1,755 Construction and development Land & land development 3,705 (166 ) — — 2 3,541 Construction 6,217 (241 ) — — — 5,976 Residential 1-4 family real estate Personal residence 3,050 (31 ) — (189 ) 21 2,851 Rental - small loan 2,546 143 20 — 48 2,757 Rental - large loan 2,431 (144 ) — — — 2,287 Home equity 551 (15 ) — — 3 539 Mortgage warehouse lines — — — — — — Consumer 172 (5 ) — (24 ) 26 169 Other Credit cards 16 4 — (4 ) 1 17 Overdrafts 168 58 — (78 ) 49 197 Total $ 33,885 $ (1,200 ) $ 91 $ (528 ) $ 158 $ 32,406 For the Nine Months Ended September 30, 2022 Allowance for Credit Losses - Loans Provision for Credit Beginning Losses - Charge- Ending Dollars in thousands Balance Loans offs Recoveries Balance Commercial $ 3,218 $ 1,990 $ (237 ) $ 147 $ 5,118 Commercial real estate - owner occupied Professional & medical 1,092 (143 ) — — 949 Retail 1,362 316 (108 ) 1 1,571 Other 575 (122 ) — — 453 Commercial real estate - non-owner occupied Hotels & motels 2,532 (1,280 ) — — 1,252 Mini-storage 133 (47 ) — — 86 Multifamily 1,821 387 — 4 2,212 Retail 1,074 254 — 55 1,383 Other 1,820 325 — 36 2,181 Construction and development Land & land development 3,468 104 (72 ) 7 3,507 Construction 6,346 3,506 — — 9,852 Residential 1-4 family real estate Personal residence 2,765 (38 ) (105 ) 43 2,665 Rental - small loan 2,834 (683 ) (196 ) 26 1,981 Rental - large loan 2,374 249 — — 2,623 Home equity 497 (82 ) (8 ) 20 427 Mortgage warehouse lines — — — — — Consumer 163 55 (121 ) 79 176 Other Credit cards 17 9 (24 ) 15 17 Overdrafts 207 328 (318 ) 80 297 Total $ 32,298 $ 5,128 $ (1,189 ) $ 513 $ 36,750 For the Nine Months Ended September 30, 2021 Allowance for Credit Losses - Loans Provision for Adjustment Credit for PCD Beginning Losses - Acquired Charge- Ending Dollars in thousands Balance Loans Loans offs Recoveries Balance Commercial $ 2,304 $ 655 $ — $ (222 ) $ 22 $ 2,759 Commercial real estate - owner occupied Professional & medical 954 (11 ) 71 (3 ) — 1,011 Retail 3,173 (1,446 ) — — 1 1,728 Other 610 (8 ) — — — 602 Commercial real estate - non-owner occupied Hotels & motels 2,135 463 — — — 2,598 Mini-storage 337 (161 ) — — — 176 Multifamily 1,547 544 — (233 ) 7 1,865 Retail 981 597 — — — 1,578 Other 1,104 651 — — — 1,755 Construction and development Land & land development 4,084 (552 ) — — 9 3,541 Construction 4,648 1,328 — — — 5,976 Residential 1-4 family real estate Personal residence 3,559 (515 ) — (298 ) 105 2,851 Rental - small loan 2,736 13 20 (89 ) 77 2,757 Rental - large loan 3,007 (720 ) — — — 2,287 Home equity 713 (161 ) — (26 ) 13 539 Mortgage warehouse lines — — — — — — Consumer 216 (39 ) — (100 ) 92 169 Other Credit cards 17 11 — (16 ) 5 17 Overdraftss 121 181 — (237 ) 132 197 Total $ 32,246 $ 830 $ 91 $ (1,224 ) $ 463 $ 32,406 For the Twelve Months Ended December 31, 2021 Allowance for Credit Losses - Loans Provision for Adjustment Credit for PCD Beginning Losses - Acquired Charge- Ending Dollars in thousands Balance Loans Loans offs Recoveries Balance 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 The following tables presents, as of September 30, 2022 December 31, 2021 September 30, 2022 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 $ 123 $ 512,648 $ 512,771 $ — $ 5,118 $ 5,118 Commercial real estate - owner occupied Professional & medical 1,998 118,482 120,480 222 727 949 Retail 5,227 184,969 190,196 — 1,571 1,571 Other — 162,622 162,622 — 453 453 Commercial real estate - non-owner occupied Hotels & motels 2,962 142,777 145,739 — 1,252 1,252 Mini-storage — 51,508 51,508 — 86 86 Multifamily — 271,015 271,015 — 2,212 2,212 Retail 9,978 181,698 191,676 97 1,286 1,383 Other 5,526 295,163 300,689 292 1,889 2,181 Construction and development Land & land development 1,428 103,009 104,437 520 2,987 3,507 Construction — 248,564 248,564 — 9,852 9,852 Residential 1-4 family real estate Personal residence — 258,590 258,590 — 2,665 2,665 Rental - small loan 1,412 122,200 123,612 284 1,697 1,981 Rental - large loan 3,061 84,388 87,449 — 2,623 2,623 Home equity 472 72,284 72,756 — 427 427 Mortgage warehouse lines — 194,740 194,740 — — — Consumer — 35,116 35,116 — 176 176 Other Credit cards — 2,032 2,032 — 17 17 Overdrafts — 1,135 1,135 — 297 297 Total $ 32,187 $ 3,042,940 $ 3,075,127 $ 1,415 $ 35,335 $ 36,750 ( 1 Included in the loans collectively evaluated are $9.7 million in fully guaranteed or cash secured loans, which are excluded from the pools collectively evaluated and carry no 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 no The following tables presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related ACLL allocated to those loans: September 30, 2022 Real Estate Allowance for Secured Non-Real Estate Credit Losses Dollars in thousands Loans Secured Loans Total Loans - Loans Commercial $ — $ 123 $ 123 $ — Commercial real estate - owner occupied Professional & medical 1,998 — 1,998 222 Retail 5,227 — 5,227 — Other — — — — Commercial real estate - non-owner occupied Hotels & motels 2,962 — 2,962 — Mini-storage — — — — Multifamily — — — — Retail 9,978 — 9,978 97 Other 5,526 — 5,526 292 Construction and development Land & land development 1,428 — 1,428 520 Construction — — — — Residential 1-4 family real estate Personal residence — — — — Rental - small loan 1,412 — 1,412 284 Rental - large loan 3,061 — 3,061 — Home equity 472 — 472 — Consumer — — — — Other Credit cards — — — — Overdrafts — — — — Total $ 32,064 $ 123 $ 32,187 $ 1,415 December 31, 2021 Real Estate Allowance for Secured Non-Real Estate Credit Losses Dollars in thousands Loans Secured Loans Total Loans - Loans 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 |
Note 7 - Goodwill and Other Int
Note 7 - Goodwill and Other Intangible Assets | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 7. GOODWILL AND OTHER INTANGIBLE ASSETS In accordance with ASU No. 2017 04, Intangibles - Goodwill and Other (Topic 350 third 2022, not not No September 30, 2022. The following tables present our goodwill activity for the nine September 30, 2022 September 30, 2022 December 31, 2021 Dollars in thousands Goodwill Activity Balance, January 1, 2022 $ 55,347 Reclassifications from goodwill — Acquired goodwill — Balance, September 30, 2022 $ 55,347 Other Intangible Assets Dollars in thousands September 30, 2022 December 31, 2021 Identifiable intangible assets Gross carrying amount $ 15,827 $ 15,828 Less: accumulated amortization 8,672 7,585 Net carrying amount $ 7,155 $ 8,243 We recorded amortization expense of $354,000 and $1,088,000 for the three nine September 30, 2022 three nine September 30, 2021 Amortization relative to our identifiable intangible assets is expected to approximate the following during the next five Core Deposit Dollars in thousands Intangible Three month period ending December 31, 2022 $ 353 Year ending December 31, 2023 1,299 Year ending December 31, 2024 1,158 Year ending December 31, 2025 1,019 Year ending December 31, 2026 878 Thereafter 2,378 |
Note 8 - Deposits
Note 8 - Deposits | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | NOTE 8. DEPOSITS The following is a summary of interest bearing deposits by type as of September 30, 2022 December 31, 2021 September 30, December 31, Dollars in thousands 2022 2021 Demand deposits, interest bearing $ 1,475,643 $ 1,127,298 Savings deposits 582,922 698,156 Time deposits 430,440 548,649 Total $ 2,489,005 $ 2,374,103 Included in time deposits are deposits acquired through a third September 30, 2022 December 31, 2021 A summary of the scheduled maturities for all time deposits as of September 30, 2022 Dollars in thousands Three month period ending December 31, 2022 $ 115,414 Year ending December 31, 2023 188,640 Year ending December 31, 2024 64,031 Year ending December 31, 2025 33,637 Year ending December 31, 2026 15,051 Thereafter 13,667 Total $ 430,440 The aggregate amount of time deposits in denominations that meet or exceed the FDIC insurance limit of $250,000 September 30, 2022 December 31, 2021. |
Note 9 - Borrowed Funds
Note 9 - Borrowed Funds | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 9. BORROWED FUNDS Short-term borrowings: September 30, 2022 December 31, 2021 Nine Months Ended September 30, Dollars in thousands 2022 2021 Balance at September 30 $ 273,000 $ 140,000 Average balance outstanding for the period 179,667 140,000 Maximum balance outstanding at any month end during period 291,300 140,000 Weighted average interest rate for the period 1.48 % 0.34 % Weighted average interest rate for balances outstanding at September 30 3.06 % 0.32 % Dollars in thousands Year Ended December 31, 2021 Balance at December 31 $ 140,000 Average balance outstanding for the period 140,000 Maximum balance outstanding at any month end during period 140,000 Weighted average interest rate for the period 0.33 % Weighted average interest rate for balances outstanding at December 31 0.26 % Long-term borrowings: September 30, 2022 December 31, 2021 5.34% 2026. Subordinated debentures: fourth 2021 September 30, 2022 December 31, 2021 2 2 November 16, 2021 December 1, 2026, December 1, 2026 three not first five We issued $30 million of subordinated debentures, net of $681,000 debt issuance costs, during third 2020 September 30, 2022 December 31, 2021 2 2 September 22, 2020 September 30, 2025, September 30, 2025 three not first five Subordinated debentures owed to unconsolidated subsidiary trusts: three third September 30, 2022 December 31, 2021 The capital securities held by SFG Capital Trust I, SFG Capital Trust II, and SFG Capital Trust III qualify as Tier 1 1 2 A summary of the maturities of all long-term borrowings and subordinated debentures for the next five Subordinated debentures owed Long-term Subordinated to unconsolidated Dollars in thousands borrowings debentures subsidiary trusts Year Ending December 31, 2022 $ 5 $ — $ — 2023 22 — — 2024 23 — — 2025 24 — — 2026 589 — — Thereafter — 105,000 19,589 $ 663 $ 105,000 $ 19,589 |
Note 10 - Share-based Compensat
Note 10 - Share-based Compensation | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | NOTE 10. SHARE-BASED COMPENSATION Under the 2014 “2014 There were no grants of SARs or stock options during the first nine 2022. third 2021, seven ten 2021, five ten 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 not not 2021 2021 grant with 7 year expiration 2021 grant with 5 year expiration Risk-free interest rate 1.06 % 0.74 % Expected dividend yield 3.00 % 3.00 % Expected common stock volatility 55.59 % 55.59 % Expected life (in years) 7 5.5 A summary of our SAR and stock option activity during the first nine 2022 2021 For the Nine Months Ended September 30, 2022 Aggregate Remaining Weighted- Intrinsic Value Contractual Average Options/SARs (in thousands) Term (Yrs.) Exercise Price Outstanding, January 1 491,792 $ 21.32 Granted — — Exercised (14,996 ) 19.46 Forfeited — — Expired — — Outstanding, September 30 476,796 $ 2,651 6.24 $ 21.38 Exercisable, September 30 262,622 $ 1,724 4.86 $ 20.38 For the Nine Months Ended September 30, 2021 Aggregate Remaining Weighted- Intrinsic Value Contractual Average Options/SARs (in thousands) Term (Yrs.) Exercise Price Outstanding, January 1 329,203 $ 20.47 Granted 177,489 21.85 Exercised (5,800 ) 3.85 Forfeited — — Expired — — Outstanding, September 30 500,892 $ 1,808 7.12 $ 21.15 Exercisable, September 30 213,216 $ 1,287 5.00 $ 18.90 Grants of RSUs include time-based vesting conditions that generally vest ratably over a period of 3 to 5 years. A summary of our RSU activity during the first nine 2022 2021 RSUs Weighted Average Grant Date Fair Value Nonvested, December 31, 2021 13,015 $ 21.24 Granted — — Forfeited (313 ) 26.63 Vested (5,246 ) 22.24 Nonvested, September 30, 2022 7,456 $ 20.31 RSUs Weighted Average Grant Date Fair Value Nonvested, December 31, 2020 15,686 $ 20.40 Granted — — Forfeited — — Vested (3,400 ) 19.61 Nonvested, September 30, 2021 12,286 $ 20.62 We recognize compensation expense based on the estimated number of stock awards expected to actually vest, exclusive of the awards expected to be forfeited. During the first nine 2022 2021 September 30, 2022 unrecognized compensation expense related to all nonvested awards not |
Note 11 - Commitments and Conti
Note 11 - Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 11. 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 may not A summary of the total unfunded, or off-balance sheet, credit extension commitments follows: September 30, Dollars in thousands 2022 Commitments to extend credit: Revolving home equity and credit card lines $ 104,374 Construction loans 279,861 Other loans 449,459 Standby letters of credit 56,160 Total $ 889,854 Commitments to extend credit are agreements to lend to a customer as long as there is no may may Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third third Our exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. We use the same credit policies in making commitments and conditional obligations as we do for on-balance sheet instruments. Allowance For Credit Losses - Off-Balance-Sheet Credit Exposures The provision for credit losses on unfunded commitments was $(195,000) and $1.2 million for the three September 30, 2022 2021 nine September 30, 2022 2021 September 30, 2022 December 31, 2021 Litigation We are not not |
Note 12 - Preferred Stock
Note 12 - Preferred Stock | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Preferred Stock [Text Block] | NOTE 12. In April 2021, 2021 6% 15th March, June, September December |
Note 13 - Regulatory Matters
Note 13 - Regulatory Matters | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | NOTE 13. REGULATORY MATTERS Our bank subsidiary, Summit Community Bank, Inc. (“Summit Community”), is subject to various regulatory capital requirements administered by the banking regulatory agencies. Under the capital adequacy guidelines and the regulatory framework for prompt corrective action, Summit Community must meet specific capital guidelines that involve quantitative measures of its assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. Our bank subsidiary’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require Summit Community to maintain minimum amounts and ratios of Common Equity Tier 1 "CET1" September 30, 2022 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, In December 2018, three one 326. March 2020, 326 January 1, 2020 25% two two three 75% 50% 25% five The following tables present Summit's, as well as Summit Community's, actual and required minimum regulatory capital amounts and ratios as of September 30, 2022 December 31, 2021 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 September 30, 2022 CET1 (to risk weighted assets) Summit $ 286,938 8.2 % $ 244,648 7.0 % N/A N/A Summit Community 392,969 11.3 % 244,249 7.0 % 226,802 6.5 % Tier I Capital (to risk weighted assets) Summit 320,858 9.2 % 297,073 8.5 % N/A N/A Summit Community 392,969 11.3 % 296,588 8.5 % 279,141 8.0 % Total Capital (to risk weighted assets) Summit 458,252 13.1 % 366,973 10.5 % N/A N/A Summit Community 427,189 12.2 % 366,373 10.5 % 348,927 10.0 % Tier I Capital (to average assets) Summit 320,858 8.4 % 152,601 4.0 % N/A N/A Summit Community 392,969 10.3 % 151,891 4.0 % 189,863 5.0 % 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 % |
Note 14 - Derivative Financial
Note 14 - Derivative Financial Instruments | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | NOTE 14. DERIVATIVE FINANCIAL INSTRUMENTS Cash flow hedges We have entered into two • A $20 million notional interest rate swap with an effective date of October 18, 2021 October 18, 2023, three • A $20 million notional interest rate swap with an effective date of October 18, 2021 October 18, 2024, three In addition, we have entered into two • A $100 million notional interest rate cap with an effective date of July 20, 2020 April 18, 2030, three .75%. • A $100 million notional interest rate cap with an effective date of December 29, 2020 December 18, 2025, Fair value hedges We have entered into two two We have also entered into a pay fixed/receive variable interest rate swap to hedge the fair value variability of certain available for sale taxable muncipal 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 September 30, 2022 December 31, 2021 September 30, 2022 Derivative Fair Value Net Ineffective Dollars in thousands Notional Amount Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 40,000 $ 1,975 $ — $ — Interest rate cap hedging: Short term borrowings $ 100,000 $ 21,321 $ — $ — Indexed interest bearing demand deposit accounts 100,000 10,338 — — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 17,047 $ 945 $ — $ — Available for sale taxable municipal securities 71,245 7,600 — (12 ) December 31, 2021 Derivative Fair Value Net Ineffective Dollars in thousands Notional Amount Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 40,000 $ — $ 83 $ — Interest rate cap 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 Commercial real estate loans $ 17,548 $ — $ 512 $ — Available for sale taxable municipal securities 71,245 — 529 22 Loan commitments: 815, Derivatives and Hedging, |
Note 15 - Accumulated Other Com
Note 15 - Accumulated Other Comprehensive (Loss) Income | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | NOTE 15. The following is changes in accumulated other comprehensive (loss) income by component, net of tax, for the three nine September 30, 2022 2021 For the Three Months Ended September 30, 2022 Dollars in thousands Gains and (Losses) on Pension Plan Gains and (Losses) on Other Post-Retirement Benefits Gains and (Losses) on Cash Flow Hedges Unrealized Gains/(Losses) on Debt Securities Available for Sale Unrealized Gains on Securities Fair Value Hedge Total Beginning balance $ 30 $ 9 $ 15,885 $ (26,916 ) $ 3,518 $ (7,474 ) Other comprehensive (loss) income before reclassification — — 5,706 (12,342 ) 2,251 (4,385 ) Amounts reclassified from accumulated other comprehensive (loss) income, net of tax — — — 184 — 184 Net current period other comprehensive (loss) income — — 5,706 (12,158 ) 2,251 (4,201 ) Ending balance $ 30 $ 9 $ 21,591 $ (39,074 ) $ 5,769 $ (11,675 ) For the Three Months Ended September 30, 2021 Dollars in thousands Gains and (Losses) on Pension Plan Gains and (Losses) on Other Post-Retirement Benefits Gains and (Losses) on Cash Flow Hedges Unrealized Gains/(Losses) on Debt Securities Available for Sale Total Beginning balance $ (199 ) $ (40 ) $ 2,163 $ 5,177 $ 7,101 Other comprehensive (loss) income before reclassification — — 689 (2,754 ) (2,065 ) Amounts reclassified from accumulated other comprehensive (loss) income, net of tax — — — 52 52 Net current period other comprehensive (loss) income — — 689 (2,702 ) (2,013 ) Ending balance $ (199 ) $ (40 ) $ 2,852 $ 2,475 $ 5,088 For the Nine Months Ended September 30, 2022 Dollars in thousands Gains and (Losses) on Pension Plan Gains and (Losses) on Other Post-Retirement Benefits Gains and (Losses) on Cash Flow Hedges Unrealized Gains/(Losses) on Debt Securities Available for Sale Unrealized Gains on Securities Fair Value Hedge Total Beginning balance $ 30 $ 9 $ 3,993 $ 1,868 $ (418 ) $ 5,482 Other comprehensive (loss) income before reclassification — — 17,598 (41,462 ) 6,187 (17,677 ) Amounts reclassified from accumulated other comprehensive (loss) income, net of tax — — — 520 — 520 Net current period other comprehensive (loss) income — — 17,598 (40,942 ) 6,187 (17,157 ) Ending balance $ 30 $ 9 $ 21,591 $ (39,074 ) $ 5,769 $ (11,675 ) For the Nine Months Ended September 30, 2021 Dollars in thousands Gains and (Losses) on Pension Plan Gains and (Losses) on Other Post-Retirement Benefits Gains and (Losses) on Cash Flow Hedges Unrealized Gains/(Losses) on Debt Securities Available for Sale Total Beginning balance $ (199 ) $ (40 ) $ (1,132 ) $ 6,816 $ 5,445 Other comprehensive income (loss) before reclassification — — 3,984 (3,935 ) 49 Amounts reclassified from accumulated other comprehensive (loss) income, net of tax — — — (406 ) (406 ) Net current period other comprehensive (loss) income — — 3,984 (4,341 ) (357 ) Ending balance $ (199 ) $ (40 ) $ 2,852 $ 2,475 $ 5,088 |
Note 16 - Income Taxes
Note 16 - Income Taxes | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 16. Our income tax expense for the three nine September 30, 2022 September 30, 2021 three nine September 30, 2022 2021 s 21.1% and 19.8% and 21.3% an three nine September 30, 2022 2021 For the Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Percent Percent Percent Percent Applicable statutory rate 21.0 % 21.0 % 21.0 % 21.0 % Increase (decrease) in rate resulting from: Tax-exempt interest and dividends, net (1.5 )% (1.3 )% (1.4 )% (1.4 )% State income taxes, net of Federal income tax benefit 1.9 % 2.1 % 2.0 % 2.1 % Low-income housing and rehabilitation tax credits (0.3 )% (0.1 )% (0.3 )% (0.2 )% Other, net — % (1.9 )% — % (0.4 )% Effective income tax rate 21.1 % 19.8 % 21.3 % 21.1 % The components of applicable income tax expense for the three nine September 30, 2022 2021 For the Three Months Ended September 30, For the Nine Months Ended September 30, Dollars in thousands 2022 2021 2022 2021 Current Federal $ 3,617 $ 2,350 $ 8,644 $ 7,720 State 480 351 1,180 1,122 4,097 2,701 9,824 8,842 Deferred Federal (211 ) 282 426 38 State (30 ) 40 61 6 (241 ) 322 487 44 Total $ 3,856 $ 3,023 $ 10,311 $ 8,886 |
Note 17 - Revenue From Contract
Note 17 - Revenue From Contracts With Customers | 9 Months Ended |
Sep. 30, 2022 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 17. Interest income, loan fees, realized securities gains and losses, bank owned life insurance income and mortgage banking revenue are not 606, Revenue from Contracts with Customers 606 one The following table illustrates our total non-interest income segregated by revenues within the scope of ASC Topic 606 Three Months Ended September 30, Nine Months Ended September 30, Dollars in thousands 2022 2021 2022 2021 Service fees on deposit accounts $ 1,550 $ 1,338 $ 4,625 $ 3,530 Bank card revenue 1,639 1,509 4,748 4,369 Trust and wealth management fees 725 718 2,228 2,039 Other 165 163 348 432 Net revenue from contracts with customers 4,079 3,728 11,949 10,370 Non-interest income within the scope of other ASC topics 808 839 1,339 3,886 Total noninterest income $ 4,887 $ 4,567 $ 13,288 $ 14,256 |
Note 3 - Fair Value Measureme_2
Note 3 - Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Balance at Fair Value Measurements Using: Dollars in thousands September 30, 2022 Level 1 Level 2 Level 3 Debt securities available for sale U.S. Government sponsored agencies and corporations $ 21,659 $ — $ 21,659 $ — Residential mortgage-backed securities: Government sponsored agencies 52,004 — 52,004 — Nongovernment sponsored entities 48,680 — 48,680 — State and political subdivisions 94,001 — 94,001 — Corporate debt securities 31,111 — 27,431 3,680 Asset-backed securities 22,401 — 22,401 — Tax-exempt state and political subdivisions 114,109 — 114,109 — Total debt securities available for sale $ 383,965 $ — $ 380,285 $ 3,680 Derivative financial assets Interest rate caps $ 31,659 $ — $ 31,659 $ — Interest rate swaps 10,520 — 10,520 — 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 and corporations $ 36,629 $ — $ 36,629 $ — Residential 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 $ — |
Fair Value Measurements, Nonrecurring [Table Text Block] | Balance at Fair Value Measurements Using: Dollars in thousands September 30, 2022 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 362 $ — $ 362 $ — Collateral-dependent loans with an ACLL Commercial real estate $ 3,051 $ — $ 3,051 $ — Construction and development 350 — 350 — Residential real estate 700 — 182 518 Total collateral-dependent loans with an ACLL $ 4,101 $ — $ 3,583 $ 518 Property held for sale Commercial real estate $ 297 $ — $ 297 $ — Construction and development 4,625 — 4,625 — Residential real estate — — — — Total property held for sale $ 4,922 $ — $ 4,922 $ — 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 $ — |
Fair Value, by Balance Sheet Grouping [Table Text Block] | September 30, 2022 Fair Value Measurements Using: Estimated Carrying Fair Dollars in thousands Value Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 45,651 $ 45,651 $ 16,141 $ 29,510 $ — Debt securities available for sale 383,965 383,965 — 380,285 3,680 Debt securities held to maturity 96,640 84,085 — 84,085 — Equity investments 25,118 25,118 4,803 20,315 — Other investments 18,105 18,105 — 18,105 — Loans held for sale 362 362 — 362 — Loans, net 3,038,377 3,015,381 — 3,583 3,011,798 Accrued interest receivable 13,242 13,242 — 13,242 — Cash surrender value of life insurance policies and annuities 71,216 71,216 — 71,216 — Derivative financial assets 42,179 42,179 — 42,179 — $ 3,734,855 $ 3,699,304 $ 20,944 $ 662,882 $ 3,015,478 Financial liabilities Deposits $ 3,108,072 $ 3,108,049 $ — $ 3,108,049 $ — Short-term borrowings 273,148 273,148 — 273,148 — Long-term borrowings 663 679 — 679 — Subordinated debentures 103,175 93,912 — 93,912 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 2,222 2,222 — 2,222 — $ 3,506,869 $ 3,497,599 $ — $ 3,497,599 $ — December 31, 2021 Fair Value Measurements Using: Estimated Carrying Fair Dollars in thousands Value Value 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 annuities 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 $ — $ 3,210,787 $ — |
Note 4 - Earnings Per Share (Ta
Note 4 - Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months Ended September 30, 2022 2021 Common Common Net Income Shares Per Net Income Shares Per Dollars in thousands,except per share amounts (Numerator) (Denominator) Share (Numerator) (Denominator) Share Net income $ 14,423 $ 12,238 Less preferred stock dividends (225 ) (225 ) Basic earnings per share $ 14,198 12,766,473 $ 1.11 $ 12,013 12,964,575 $ 0.93 Effect of dilutive securities: Stock options — 789 Stock appreciation rights ("SARs") 65,915 48,827 Restricted stock units ("RSUs") 3,372 4,481 Diluted earnings per share $ 14,198 12,835,760 $ 1.11 $ 12,013 13,018,672 $ 0.92 For the Nine Months Ended September 30, 2022 2021 Common Common Net Income Shares Per Net Income Shares Per Dollars in thousands,except per share amounts (Numerator) (Denominator) Share (Numerator) (Denominator) Share Net income $ 38,130 $ 33,157 Less preferred stock dividends (675 ) (364 ) Basic earnings per share $ 37,455 12,755,576 $ 2.94 $ 32,793 12,953,053 $ 2.53 Effect of dilutive securities: Stock options — 3,278 Stock appreciation rights ("SARs") 56,035 49,951 Restricted stock units ("RSUs") 4,371 5,244 Diluted earnings per share $ 37,455 12,815,982 $ 2.92 $ 32,793 13,011,526 $ 2.52 |
Note 5 - Debt Securities (Table
Note 5 - Debt Securities (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Marketable Securities [Table Text Block] | September 30, 2022 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Debt Securities Available for Sale Taxable debt securities U.S. Government sponsored agencies and corporations $ 21,874 $ 91 $ 306 $ 21,659 Residential mortgage-backed securities: Government-sponsored agencies 55,924 84 4,004 52,004 Nongovernment-sponsored entities 51,342 2 2,664 48,680 State and political subdivisions General obligations 82,029 3 19,151 62,881 Sales tax revenues 6,896 — 1,766 5,130 Various tax revenues 10,707 — 2,462 8,245 Utility revenues 5,302 — 1,293 4,009 Other revenues 16,856 — 3,120 13,736 Corporate debt securities 32,658 — 1,547 31,111 Asset-backed securities 22,696 — 295 22,401 Total taxable debt securities 306,284 180 36,608 269,856 Tax-exempt debt securities State and political subdivisions General obligations 90,512 — 9,624 80,888 Water and sewer revenues 15,142 — 1,682 13,460 Lease revenues 6,326 — 659 5,667 Various tax revenues 7,885 — 1,445 6,440 Other revenues 9,227 — 1,573 7,654 Total tax-exempt debt securities 129,092 — 14,983 114,109 Total debt securities available for sale $ 435,376 $ 180 $ 51,591 $ 383,965 December 31, 2021 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Debt Securities Available for Sale Taxable debt securities U.S. Government sponsored 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 |
Summary of Volume of State and Political Subdivision Securities Held in Portfolio [Table Text Block] | September 30, 2022 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value California $ 47,597 $ — $ 10,650 $ 36,947 Texas 35,726 — 5,621 30,105 Washington 20,736 — 2,286 18,450 Michigan 21,440 — 3,099 18,341 Oregon 15,766 — 3,997 11,769 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Amortized Estimated Dollars in thousands Cost Fair Value Due in one year or less $ 34,660 $ 33,530 Due from one to five years 80,286 76,508 Due from five to ten years 62,393 57,655 Due after ten years 258,037 216,272 Total $ 435,376 $ 383,965 |
Schedule of Realized Gain (Loss) [Table Text Block] | Proceeds from Gross realized Calls and Principal Dollars in thousands Sales Maturities Payments Gains Losses For the Nine Months Ended September 30, 2022 $ 61,471 $ 1,795 $ 29,023 $ 218 $ 902 2021 $ 15,704 $ 6,455 $ 22,925 $ 628 $ 94 |
Schedule of Unrealized Loss on Investments [Table Text Block] | September 30, 2022 Less than 12 months 12 months or more Total # of securities Estimated Unrealized Estimated Unrealized Estimated Unrealized Dollars in thousands in loss position Fair Value Loss Fair Value Loss Fair Value Loss Taxable debt securities U.S. Government sponsored agencies and corporations 26 $ 5,744 $ 100 $ 10,544 $ 206 $ 16,288 $ 306 Residential mortgage-backed securities: Government-sponsored agencies 58 26,975 1,929 14,902 2,075 41,877 4,004 Nongovernment-sponsored entities 20 28,811 1,596 8,882 1,068 37,693 2,664 State and political subdivisions: General obligations 56 18,116 3,420 43,770 15,731 61,886 19,151 Sales tax revenues 4 1,842 498 3,289 1,268 5,131 1,766 Various tax revenues 7 3,253 704 4,992 1,758 8,245 2,462 Utility revenues 3 1,542 459 2,466 834 4,008 1,293 Other revenues 16 12,588 2,792 1,148 328 13,736 3,120 Corporate debt securities 20 11,579 773 10,071 774 21,650 1,547 Asset-backed securities 15 21,781 283 620 12 22,401 295 Tax-exempt debt securities State and political subdivisions: General obligations 58 59,699 4,542 21,189 5,082 80,888 9,624 Water and sewer revenues 14 12,298 1,457 682 225 12,980 1,682 Lease revenues 3 3,762 138 1,874 521 5,636 659 Various tax revenues 4 6,312 1,417 128 28 6,440 1,445 Other revenues 7 6,475 1,324 1,034 249 7,509 1,573 Total 311 $ 220,777 $ 21,432 $ 125,591 $ 30,159 $ 346,368 $ 51,591 December 31, 2021 Less than 12 months 12 months or more Total # of securities Estimated Unrealized Estimated Unrealized Estimated Unrealized Dollars in thousands in loss position Fair Value Loss Fair Value Loss Fair Value Loss Taxable debt securities U.S. Government sponsored agencies and corporations 41 $ 6,630 $ 23 $ 21,061 $ 337 $ 27,691 $ 360 Residential mortgage-backed securities: 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 |
Debt Securities, Held-to-Maturity [Table Text Block] | September 30, 2022 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 $ 70,755 $ — $ 8,607 $ 62,148 Water and sewer revenues 8,053 — 836 7,217 Lease revenues 4,254 — 698 3,556 Sales tax revenues 4,532 — 809 3,723 Various tax revenues 5,532 — 1,217 4,315 Other revenues 3,514 — 388 3,126 Total debt securities held to maturity $ 96,640 $ — $ 12,555 $ 84,085 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 |
Summary of Volume of State and Political Subdivision Securities Held to Maturity [Table Text Block] | September 30, 2022 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Texas $ 15,176 $ — $ 1,713 $ 13,463 California 9,718 — 980 8,738 Pennsylvania 8,519 — 1,017 7,502 Florida 7,498 — 1,183 6,315 Michigan 6,937 — 1,003 5,934 |
Debt Securities Held to Maturity by Credit Rating [Table Text Block] | September 30, 2022 Dollars in thousands AAA AA A BBB Below Investment Grade Tax-exempt state and political subdivisions $ 12,905 $ 76,324 $ 7,411 $ — $ — 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 $ — $ — |
Held to Maturity Investments Classified by Contractual Maturity Date [Table Text Block] | Amortized Estimated Dollars in thousands Cost Fair Value Due in one year or less $ — $ — Due from one to five years — — Due from five to ten years 2,826 2,527 Due after ten years 93,814 81,558 Total $ 96,640 $ 84,085 |
Note 6 - Loans and Allowance _2
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, December 31, Dollars in thousands 2022 2021 Commercial $ 512,771 $ 365,301 Commercial real estate - owner occupied Professional & medical 120,480 150,759 Retail 190,196 190,304 Other 162,622 143,645 Commercial real estate - non-owner occupied Hotels & motels 145,739 128,450 Mini-storage 51,508 59,045 Multifamily 271,015 233,157 Retail 191,676 162,758 Other 300,689 282,621 Construction and development Land & land development 104,437 100,805 Construction 248,564 146,038 Residential 1-4 family real estate Personal residence 258,590 262,805 Rental - small loan 123,612 121,989 Rental - large loan 87,449 79,108 Home equity 72,756 72,112 Mortgage warehouse lines 194,740 227,869 Consumer 35,116 31,923 Other Credit cards 2,032 1,891 Overdrafts 1,135 811 Total loans, net of unearned fees 3,075,127 2,761,391 Less allowance for credit losses - loans 36,750 32,298 Loans, net $ 3,038,377 $ 2,729,093 |
Financing Receivable, Past Due [Table Text Block] | At September 30, 2022 Past Due 90 days or more and Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current Accruing Commercial $ 1,279 $ 57 $ 138 $ 1,474 $ 511,297 $ — Commercial real estate - owner occupied Professional & medical 336 — — 336 120,144 — Retail — — 878 878 189,318 — Other 464 113 — 577 162,045 — Commercial real estate - non-owner occupied Hotels & motels — — — — 145,739 — Mini-storage — — — — 51,508 — Multifamily 71 446 112 629 270,386 — Retail 264 — — 264 191,412 — Other — — — — 300,689 — Construction and development Land & land development 1,000 105 33 1,138 103,299 — Construction — — — — 248,564 — Residential 1-4 family real estate Personal residence 1,533 595 2,298 4,426 254,164 — Rental - small loan 1,029 103 584 1,716 121,896 — Rental - large loan — — — — 87,449 — Home equity 347 8 57 412 72,344 — Mortgage warehouse lines — — — — 194,740 — Consumer 145 73 2 220 34,896 — Other Credit cards 1 3 4 8 2,024 4 Overdrafts — — — — 1,135 — Total $ 6,469 $ 1,503 $ 4,106 $ 12,078 $ 3,063,049 $ 4 December 31, 2021 Past Due 90 days or more and Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current Accruing 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 |
Financing Receivable, Nonaccrual [Table Text Block] | September 30, December 31, 2022 2021 Nonaccrual Nonaccrual with No with No Allowance for Allowance for Credit Losses Credit Losses Dollars in thousands Nonaccrual - Loans Nonaccrual - Loans Commercial $ 347 $ 64 $ 740 $ 96 Commercial real estate - owner occupied Professional & medical — — — — Retail 1,010 656 775 — Other 298 — 341 — Commercial real estate - non-owner occupied Hotels & motels — — 3,085 — Mini-storage — — — — Multifamily 112 — 55 — Retail 440 — 338 — Other — — 9 — Construction and development Land & land development 902 — 1,560 — Construction — — — — Residential 1-4 family real estate Personal residence 3,479 — 2,504 — Rental - small loan 2,437 257 3,094 — Rental - large loan — — — — Home equity 167 — 174 — Mortgage warehouse lines — — — — Consumer 4 — 17 — Other Credit cards — — — — Overdrafts — — — — Total $ 9,196 $ 977 $ 12,692 $ 96 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | For the Three Months Ended For the Three Months Ended September 30, 2022 September 30, 2021 Pre- Post- Pre- Post- modification modification modification modification Number of Recorded Recorded Number of Recorded Recorded Dollars in thousands Modifications Investment Investment Modifications Investment Investment Residential 1-4 family real estate Personal residence 1 $ 41 $ 41 — $ — $ — Total 1 $ 41 $ 41 $ — $ — $ — For the Nine Months Ended For the Nine Months Ended September 30, 2022 September 30, 2021 Pre- Post- Pre- Post- modification modification modification modification Number of Recorded Recorded Number of Recorded Recorded Dollars in thousands Modifications Investment Investment Modifications Investment Investment Residential 1-4 family real estate Personal residence 7 $ 377 $ 377 — $ — $ — Home equity 1 132 132 — — — Total 8 $ 509 $ 509 $ — $ — $ — |
Schedule of Defaults During Stated Period of Trouble Debt Restructurings [Table Text Block] | For the Three Months Ended For the Three Months Ended September 30, 2022 September 30, 2021 Number Recorded Number Recorded of Investment of Investment Dollars in thousands Defaults at Default Date Defaults at Default Date Residential 1-4 family real estate Personal residence 8 $ 531 — $ — Home equity 1 110 — — Consumer 1 12 — — Total 10 $ 653 — $ — For the Nine Months Ended For the Nine Months Ended September 30, 2022 September 30, 2021 Number Recorded Number Recorded of Investment of Investment Dollars in thousands Defaults at Default Date Defaults at Default Date Residential 1-4 family real estate Personal residence 8 $ 531 — $ — Home equity 1 110 — — Consumer 1 12 — — Total 10 $ 653 — $ — |
Financing Receivable Credit Quality Indicators [Table Text Block] | September 30, 2022 Revolvi- Revolving- Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior ng Term Total Commercial Pass $ 135,917 $ 101,025 $ 28,697 $ 21,553 $ 3,672 $ 12,748 $ 205,118 $ — $ 508,730 Special Mention 708 527 272 57 13 154 1,995 — 3,726 Substandard 54 87 3 64 29 2 76 — 315 Total Commercial 136,679 101,639 28,972 21,674 3,714 12,904 207,189 — 512,771 Commercial Real Estate - Owner Occupied Professional & medical Pass 11,421 47,226 10,535 6,720 4,134 36,560 2,237 — 118,833 Special Mention — — 1,128 — — 237 — — 1,365 Substandard — — 72 — — 210 — — 282 Total Professional & Medical 11,421 47,226 11,735 6,720 4,134 37,007 2,237 — 120,480 Retail Pass 18,462 74,289 28,666 29,502 8,298 27,350 2,002 — 188,569 Special Mention — — — — — 617 — — 617 Substandard — — — — — 1,010 — — 1,010 Total Retail 18,462 74,289 28,666 29,502 8,298 28,977 2,002 — 190,196 Other Pass 42,328 27,709 25,198 8,689 15,512 37,715 4,456 — 161,607 Special Mention — 57 — — 113 547 — — 717 Substandard — — — — — 298 — — 298 Total Other 42,328 27,766 25,198 8,689 15,625 38,560 4,456 — 162,622 Total Commercial Real Estate - Owner Occupied 72,211 149,281 65,599 44,911 28,057 104,544 8,695 — 473,298 Commercial Real Estate - Non-Owner Occupied Hotels & motels Pass 32,185 1,706 3,223 32,911 15,462 20,899 55 — 106,441 Special Mention — — — 36,337 — — — — 36,337 Substandard — — 2,731 — — 230 — — 2,961 Total Hotels & Motels 32,185 1,706 5,954 69,248 15,462 21,129 55 — 145,739 Mini-storage Pass 2,474 13,285 7,786 3,890 13,159 10,545 190 — 51,329 Special Mention — 134 — — — 45 — — 179 Substandard — — — — — — — — — Total Mini-storage 2,474 13,419 7,786 3,890 13,159 10,590 190 — 51,508 Multifamily Pass 54,139 59,080 49,287 29,671 21,515 55,196 1,483 — 270,371 Special Mention — — 592 — — — — — 592 Substandard — — — — — 52 — — 52 Total Multifamily 54,139 59,080 49,879 29,671 21,515 55,248 1,483 — 271,015 September 30, 2022 Revolvi- Revolving- Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior ng Term Total Retail Pass 43,750 52,890 40,028 5,719 7,148 25,925 6,964 — 182,424 Special Mention — — — — — 984 — — 984 Substandard — — — 7,828 — 440 — — 8,268 Total Retail 43,750 52,890 40,028 13,547 7,148 27,349 6,964 — 191,676 Other Pass 44,314 126,190 53,016 12,458 5,540 54,192 1,581 — 297,291 Special Mention — — — — 564 — — — 564 Substandard — — — — — 2,834 — — 2,834 Total Other 44,314 126,190 53,016 12,458 6,104 57,026 1,581 — 300,689 Total Commercial Real Estate - Non-Owner Occupied 176,862 253,285 156,663 128,814 63,388 171,342 10,273 — 960,627 Construction and Development Land & land development Pass 24,859 24,169 10,740 13,475 5,204 17,576 5,796 — 101,819 Special Mention — — 256 111 — 488 — — 855 Substandard — — — — — 1,763 — — 1,763 Total Land & land development 24,859 24,169 10,996 13,586 5,204 19,827 5,796 — 104,437 Construction Pass 66,592 111,514 63,393 317 1,368 — 5,054 — 248,238 Special Mention — — — — — — — — — Substandard — — — — 326 — — — 326 Total Construction 66,592 111,514 63,393 317 1,694 — 5,054 — 248,564 Total Construction and Development 91,451 135,683 74,389 13,903 6,898 19,827 10,850 — 353,001 Residential 1-4 Family Real Estate Personal residence Pass 27,666 38,585 30,420 16,218 17,191 109,624 — — 239,704 Special Mention 1 — — 180 61 9,357 — — 9,599 Substandard — — — 626 816 7,845 — — 9,287 Total Personal Residence 27,667 38,585 30,420 17,024 18,068 126,826 — — 258,590 Rental - small loan Pass 19,240 27,689 12,473 11,588 8,352 33,311 5,281 — 117,934 Special Mention — 225 104 — — 1,225 — — 1,554 Substandard — — — 165 428 3,380 151 — 4,124 Total Rental - Small Loan 19,240 27,914 12,577 11,753 8,780 37,916 5,432 — 123,612 Rental - large loan Pass 20,848 33,504 11,246 3,649 3,972 9,442 1,323 — 83,984 Special Mention — — — — — 27 — — 27 Substandard — — — — — 3,438 — — 3,438 Total Rental - Large Loan 20,848 33,504 11,246 3,649 3,972 12,907 1,323 — 87,449 Home equity Pass 66 416 30 29 52 1,226 68,910 — 70,729 Special Mention — — — — — 48 1,397 — 1,445 Substandard — — — — 57 300 225 — 582 Total Home Equity 66 416 30 29 109 1,574 70,532 — 72,756 Total Residential 1-4 Family Real Estate 67,821 100,419 54,273 32,455 30,929 179,223 77,287 — 542,407 September 30, 2022 Revolvi- Revolving- Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior ng Term Total Mortgage warehouse lines Pass — — — — — — 194,740 — 194,740 Total Mortgage Warehouse Lines — — — — — — 194,740 — 194,740 Consumer Pass 14,718 9,067 3,592 2,188 894 1,417 860 — 32,736 Special Mention 1,059 469 218 98 26 108 11 — 1,989 Substandard 234 86 38 2 4 — 27 — 391 Total Consumer 16,011 9,622 3,848 2,288 924 1,525 898 — 35,116 Other Credit cards Pass 2,032 — — — — — — — 2,032 Total Credit Cards 2,032 — — — — — — — 2,032 Overdrafts Pass 1,135 — — — — — — — 1,135 Total Overdrafts 1,135 — — — — — — — 1,135 Total Other 3,167 — — — — — — — 3,167 Total $ 564,202 $ 749,929 $ 383,744 $ 244,045 $ 133,910 $ 489,365 $ 509,932 $ — $ 3,075,127 December 31, 2021 Revolvi- Revolving- Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior ng 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 Commercial Real Estate - Owner Occupied 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 - Owner Occupied 184,061 73,733 54,700 30,124 40,524 93,916 7,650 — 484,708 December 31, 2021 Revolvi- Revolving- Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior ng Term Total Commercial Real Estate - Non-Owner Occupied 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 Substandard — — — — — — — — — 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 - Non-Owner Occupied 230,892 178,494 158,783 70,491 44,287 162,785 20,299 — 866,031 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 Special Mention — — — — — — — — — Substandard — — — 329 — 170 — — 499 Total Construction 64,352 64,022 7,438 1,736 — 170 8,320 — 146,038 Total Construction and Development 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 December 31, 2021 Revolvi- Revolving- Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior ng Term Total 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 Estate 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 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 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | For the Three Months Ended September 30, 2022 Allowance for Credit Losses - Loans Provision for Credit Beginning Losses - Charge- Ending Dollars in thousands Balance Loans offs Recoveries Balance Commercial $ 4,545 $ 531 $ (35 ) $ 77 $ 5,118 Commercial real estate - owner occupied Professional & medical 1,180 (231 ) — — 949 Retail 1,597 82 (108 ) — 1,571 Other 457 (4 ) — — 453 Commercial real estate - non-owner occupied Hotels & motels 1,159 93 — — 1,252 Mini-storage 97 (11 ) — — 86 Multifamily 2,330 (118 ) — — 2,212 Retail 1,891 (560 ) — 52 1,383 Other 2,103 48 — 30 2,181 Construction and development Land & land development 3,600 (95 ) — 2 3,507 Construction 8,208 1,644 — — 9,852 Residential 1-4 family real estate Personal residence 2,669 4 (21 ) 13 2,665 Rental - small loan 2,097 (124 ) (4 ) 12 1,981 Rental - large loan 2,181 442 — — 2,623 Home equity 399 17 — 11 427 Mortgage warehouse lines — — — — — Consumer 254 (61 ) (47 ) 30 176 Other Credit cards 17 (7 ) (6 ) 13 17 Overdrafts 279 45 (44 ) 17 297 Total $ 35,063 $ 1,695 $ (265 ) $ 257 $ 36,750 For the Three Months Ended September 30, 2021 Allowance for Credit Losses - Loans Provision for Adjustment Credit for PCD Beginning Losses - Acquired Charge- Ending Dollars in thousands Balance Loans Loans offs Recoveries Balance Commercial $ 2,709 $ 46 $ — $ — $ 4 $ 2,759 Commercial real estate - owner occupied Professional & medical 986 (46 ) 71 — — 1,011 Retail 3,519 (1,791 ) — — — 1,728 Other 556 46 — — — 602 Commercial real estate - non-owner occupied Hotels & motels 2,569 29 — — — 2,598 Mini-storage 157 19 — — — 176 Multifamily 1,637 457 — (233 ) 4 1,865 Retail 1,471 107 — — — 1,578 Other 1,425 330 — — — 1,755 Construction and development Land & land development 3,705 (166 ) — — 2 3,541 Construction 6,217 (241 ) — — — 5,976 Residential 1-4 family real estate Personal residence 3,050 (31 ) — (189 ) 21 2,851 Rental - small loan 2,546 143 20 — 48 2,757 Rental - large loan 2,431 (144 ) — — — 2,287 Home equity 551 (15 ) — — 3 539 Mortgage warehouse lines — — — — — — Consumer 172 (5 ) — (24 ) 26 169 Other Credit cards 16 4 — (4 ) 1 17 Overdrafts 168 58 — (78 ) 49 197 Total $ 33,885 $ (1,200 ) $ 91 $ (528 ) $ 158 $ 32,406 For the Nine Months Ended September 30, 2022 Allowance for Credit Losses - Loans Provision for Credit Beginning Losses - Charge- Ending Dollars in thousands Balance Loans offs Recoveries Balance Commercial $ 3,218 $ 1,990 $ (237 ) $ 147 $ 5,118 Commercial real estate - owner occupied Professional & medical 1,092 (143 ) — — 949 Retail 1,362 316 (108 ) 1 1,571 Other 575 (122 ) — — 453 Commercial real estate - non-owner occupied Hotels & motels 2,532 (1,280 ) — — 1,252 Mini-storage 133 (47 ) — — 86 Multifamily 1,821 387 — 4 2,212 Retail 1,074 254 — 55 1,383 Other 1,820 325 — 36 2,181 Construction and development Land & land development 3,468 104 (72 ) 7 3,507 Construction 6,346 3,506 — — 9,852 Residential 1-4 family real estate Personal residence 2,765 (38 ) (105 ) 43 2,665 Rental - small loan 2,834 (683 ) (196 ) 26 1,981 Rental - large loan 2,374 249 — — 2,623 Home equity 497 (82 ) (8 ) 20 427 Mortgage warehouse lines — — — — — Consumer 163 55 (121 ) 79 176 Other Credit cards 17 9 (24 ) 15 17 Overdrafts 207 328 (318 ) 80 297 Total $ 32,298 $ 5,128 $ (1,189 ) $ 513 $ 36,750 For the Nine Months Ended September 30, 2021 Allowance for Credit Losses - Loans Provision for Adjustment Credit for PCD Beginning Losses - Acquired Charge- Ending Dollars in thousands Balance Loans Loans offs Recoveries Balance Commercial $ 2,304 $ 655 $ — $ (222 ) $ 22 $ 2,759 Commercial real estate - owner occupied Professional & medical 954 (11 ) 71 (3 ) — 1,011 Retail 3,173 (1,446 ) — — 1 1,728 Other 610 (8 ) — — — 602 Commercial real estate - non-owner occupied Hotels & motels 2,135 463 — — — 2,598 Mini-storage 337 (161 ) — — — 176 Multifamily 1,547 544 — (233 ) 7 1,865 Retail 981 597 — — — 1,578 Other 1,104 651 — — — 1,755 Construction and development Land & land development 4,084 (552 ) — — 9 3,541 Construction 4,648 1,328 — — — 5,976 Residential 1-4 family real estate Personal residence 3,559 (515 ) — (298 ) 105 2,851 Rental - small loan 2,736 13 20 (89 ) 77 2,757 Rental - large loan 3,007 (720 ) — — — 2,287 Home equity 713 (161 ) — (26 ) 13 539 Mortgage warehouse lines — — — — — — Consumer 216 (39 ) — (100 ) 92 169 Other Credit cards 17 11 — (16 ) 5 17 Overdraftss 121 181 — (237 ) 132 197 Total $ 32,246 $ 830 $ 91 $ (1,224 ) $ 463 $ 32,406 For the Twelve Months Ended December 31, 2021 Allowance for Credit Losses - Loans Provision for Adjustment Credit for PCD Beginning Losses - Acquired Charge- Ending Dollars in thousands Balance Loans Loans offs Recoveries Balance 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 |
Impaired Financing Receivables [Table Text Block] | September 30, 2022 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 $ 123 $ 512,648 $ 512,771 $ — $ 5,118 $ 5,118 Commercial real estate - owner occupied Professional & medical 1,998 118,482 120,480 222 727 949 Retail 5,227 184,969 190,196 — 1,571 1,571 Other — 162,622 162,622 — 453 453 Commercial real estate - non-owner occupied Hotels & motels 2,962 142,777 145,739 — 1,252 1,252 Mini-storage — 51,508 51,508 — 86 86 Multifamily — 271,015 271,015 — 2,212 2,212 Retail 9,978 181,698 191,676 97 1,286 1,383 Other 5,526 295,163 300,689 292 1,889 2,181 Construction and development Land & land development 1,428 103,009 104,437 520 2,987 3,507 Construction — 248,564 248,564 — 9,852 9,852 Residential 1-4 family real estate Personal residence — 258,590 258,590 — 2,665 2,665 Rental - small loan 1,412 122,200 123,612 284 1,697 1,981 Rental - large loan 3,061 84,388 87,449 — 2,623 2,623 Home equity 472 72,284 72,756 — 427 427 Mortgage warehouse lines — 194,740 194,740 — — — Consumer — 35,116 35,116 — 176 176 Other Credit cards — 2,032 2,032 — 17 17 Overdrafts — 1,135 1,135 — 297 297 Total $ 32,187 $ 3,042,940 $ 3,075,127 $ 1,415 $ 35,335 $ 36,750 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 |
Collateral Dependent Financing Receivables and Allowance for Credit Losses on Collateral Dependent Financing Receivables [Table Text Block] | September 30, 2022 Real Estate Allowance for Secured Non-Real Estate Credit Losses Dollars in thousands Loans Secured Loans Total Loans - Loans Commercial $ — $ 123 $ 123 $ — Commercial real estate - owner occupied Professional & medical 1,998 — 1,998 222 Retail 5,227 — 5,227 — Other — — — — Commercial real estate - non-owner occupied Hotels & motels 2,962 — 2,962 — Mini-storage — — — — Multifamily — — — — Retail 9,978 — 9,978 97 Other 5,526 — 5,526 292 Construction and development Land & land development 1,428 — 1,428 520 Construction — — — — Residential 1-4 family real estate Personal residence — — — — Rental - small loan 1,412 — 1,412 284 Rental - large loan 3,061 — 3,061 — Home equity 472 — 472 — Consumer — — — — Other Credit cards — — — — Overdrafts — — — — Total $ 32,064 $ 123 $ 32,187 $ 1,415 December 31, 2021 Real Estate Allowance for Secured Non-Real Estate Credit Losses Dollars in thousands Loans Secured Loans Total Loans - Loans 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 |
Note 7 - Goodwill and Other I_2
Note 7 - Goodwill and Other Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | Dollars in thousands Goodwill Activity Balance, January 1, 2022 $ 55,347 Reclassifications from goodwill — Acquired goodwill — Balance, September 30, 2022 $ 55,347 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Other Intangible Assets Dollars in thousands September 30, 2022 December 31, 2021 Identifiable intangible assets Gross carrying amount $ 15,827 $ 15,828 Less: accumulated amortization 8,672 7,585 Net carrying amount $ 7,155 $ 8,243 |
Finite-Lived Intangible Assets Amortization Expense [Table Text Block] | Core Deposit Dollars in thousands Intangible Three month period ending December 31, 2022 $ 353 Year ending December 31, 2023 1,299 Year ending December 31, 2024 1,158 Year ending December 31, 2025 1,019 Year ending December 31, 2026 878 Thereafter 2,378 |
Note 8 - Deposits (Tables)
Note 8 - Deposits (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | September 30, December 31, Dollars in thousands 2022 2021 Demand deposits, interest bearing $ 1,475,643 $ 1,127,298 Savings deposits 582,922 698,156 Time deposits 430,440 548,649 Total $ 2,489,005 $ 2,374,103 |
Time Deposit Maturities [Table Text Block] | Dollars in thousands Three month period ending December 31, 2022 $ 115,414 Year ending December 31, 2023 188,640 Year ending December 31, 2024 64,031 Year ending December 31, 2025 33,637 Year ending December 31, 2026 15,051 Thereafter 13,667 Total $ 430,440 |
Note 9 - Borrowed Funds (Tables
Note 9 - Borrowed Funds (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Short-Term Debt [Table Text Block] | Nine Months Ended September 30, Dollars in thousands 2022 2021 Balance at September 30 $ 273,000 $ 140,000 Average balance outstanding for the period 179,667 140,000 Maximum balance outstanding at any month end during period 291,300 140,000 Weighted average interest rate for the period 1.48 % 0.34 % Weighted average interest rate for balances outstanding at September 30 3.06 % 0.32 % Dollars in thousands Year Ended December 31, 2021 Balance at December 31 $ 140,000 Average balance outstanding for the period 140,000 Maximum balance outstanding at any month end during period 140,000 Weighted average interest rate for the period 0.33 % Weighted average interest rate for balances outstanding at December 31 0.26 % |
Schedule of Maturities of Long-Term Debt [Table Text Block] | Subordinated debentures owed Long-term Subordinated to unconsolidated Dollars in thousands borrowings debentures subsidiary trusts Year Ending December 31, 2022 $ 5 $ — $ — 2023 22 — — 2024 23 — — 2025 24 — — 2026 589 — — Thereafter — 105,000 19,589 $ 663 $ 105,000 $ 19,589 |
Note 10 - Share-based Compens_2
Note 10 - Share-based Compensation (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 2021 grant with 7 year expiration 2021 grant with 5 year expiration Risk-free interest rate 1.06 % 0.74 % Expected dividend yield 3.00 % 3.00 % Expected common stock volatility 55.59 % 55.59 % Expected life (in years) 7 5.5 |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | For the Nine Months Ended September 30, 2022 Aggregate Remaining Weighted- Intrinsic Value Contractual Average Options/SARs (in thousands) Term (Yrs.) Exercise Price Outstanding, January 1 491,792 $ 21.32 Granted — — Exercised (14,996 ) 19.46 Forfeited — — Expired — — Outstanding, September 30 476,796 $ 2,651 6.24 $ 21.38 Exercisable, September 30 262,622 $ 1,724 4.86 $ 20.38 For the Nine Months Ended September 30, 2021 Aggregate Remaining Weighted- Intrinsic Value Contractual Average Options/SARs (in thousands) Term (Yrs.) Exercise Price Outstanding, January 1 329,203 $ 20.47 Granted 177,489 21.85 Exercised (5,800 ) 3.85 Forfeited — — Expired — — Outstanding, September 30 500,892 $ 1,808 7.12 $ 21.15 Exercisable, September 30 213,216 $ 1,287 5.00 $ 18.90 |
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | RSUs Weighted Average Grant Date Fair Value Nonvested, December 31, 2021 13,015 $ 21.24 Granted — — Forfeited (313 ) 26.63 Vested (5,246 ) 22.24 Nonvested, September 30, 2022 7,456 $ 20.31 RSUs Weighted Average Grant Date Fair Value Nonvested, December 31, 2020 15,686 $ 20.40 Granted — — Forfeited — — Vested (3,400 ) 19.61 Nonvested, September 30, 2021 12,286 $ 20.62 |
Note 11 - Commitments and Con_2
Note 11 - Commitments and Contingencies (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block] | September 30, Dollars in thousands 2022 Commitments to extend credit: Revolving home equity and credit card lines $ 104,374 Construction loans 279,861 Other loans 449,459 Standby letters of credit 56,160 Total $ 889,854 |
Note 13 - Regulatory Matters (T
Note 13 - Regulatory Matters (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Actual Minimum Required Capital - Basel III Minimum Required To Be Well Capitalized Dollars in thousands Amount Ratio Amount Ratio Amount Ratio As of September 30, 2022 CET1 (to risk weighted assets) Summit $ 286,938 8.2 % $ 244,648 7.0 % N/A N/A Summit Community 392,969 11.3 % 244,249 7.0 % 226,802 6.5 % Tier I Capital (to risk weighted assets) Summit 320,858 9.2 % 297,073 8.5 % N/A N/A Summit Community 392,969 11.3 % 296,588 8.5 % 279,141 8.0 % Total Capital (to risk weighted assets) Summit 458,252 13.1 % 366,973 10.5 % N/A N/A Summit Community 427,189 12.2 % 366,373 10.5 % 348,927 10.0 % Tier I Capital (to average assets) Summit 320,858 8.4 % 152,601 4.0 % N/A N/A Summit Community 392,969 10.3 % 151,891 4.0 % 189,863 5.0 % 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 % |
Note 14 - Derivative Financia_2
Note 14 - Derivative Financial Instruments (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Interest Rate Derivatives [Table Text Block] | September 30, 2022 Derivative Fair Value Net Ineffective Dollars in thousands Notional Amount Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 40,000 $ 1,975 $ — $ — Interest rate cap hedging: Short term borrowings $ 100,000 $ 21,321 $ — $ — Indexed interest bearing demand deposit accounts 100,000 10,338 — — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 17,047 $ 945 $ — $ — Available for sale taxable municipal securities 71,245 7,600 — (12 ) December 31, 2021 Derivative Fair Value Net Ineffective Dollars in thousands Notional Amount Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 40,000 $ — $ 83 $ — Interest rate cap 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 Commercial real estate loans $ 17,548 $ — $ 512 $ — Available for sale taxable municipal securities 71,245 — 529 22 |
Note 15 - Accumulated Other C_2
Note 15 - Accumulated Other Comprehensive (Loss) Income (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | For the Three Months Ended September 30, 2022 Dollars in thousands Gains and (Losses) on Pension Plan Gains and (Losses) on Other Post-Retirement Benefits Gains and (Losses) on Cash Flow Hedges Unrealized Gains/(Losses) on Debt Securities Available for Sale Unrealized Gains on Securities Fair Value Hedge Total Beginning balance $ 30 $ 9 $ 15,885 $ (26,916 ) $ 3,518 $ (7,474 ) Other comprehensive (loss) income before reclassification — — 5,706 (12,342 ) 2,251 (4,385 ) Amounts reclassified from accumulated other comprehensive (loss) income, net of tax — — — 184 — 184 Net current period other comprehensive (loss) income — — 5,706 (12,158 ) 2,251 (4,201 ) Ending balance $ 30 $ 9 $ 21,591 $ (39,074 ) $ 5,769 $ (11,675 ) For the Three Months Ended September 30, 2021 Dollars in thousands Gains and (Losses) on Pension Plan Gains and (Losses) on Other Post-Retirement Benefits Gains and (Losses) on Cash Flow Hedges Unrealized Gains/(Losses) on Debt Securities Available for Sale Total Beginning balance $ (199 ) $ (40 ) $ 2,163 $ 5,177 $ 7,101 Other comprehensive (loss) income before reclassification — — 689 (2,754 ) (2,065 ) Amounts reclassified from accumulated other comprehensive (loss) income, net of tax — — — 52 52 Net current period other comprehensive (loss) income — — 689 (2,702 ) (2,013 ) Ending balance $ (199 ) $ (40 ) $ 2,852 $ 2,475 $ 5,088 For the Nine Months Ended September 30, 2022 Dollars in thousands Gains and (Losses) on Pension Plan Gains and (Losses) on Other Post-Retirement Benefits Gains and (Losses) on Cash Flow Hedges Unrealized Gains/(Losses) on Debt Securities Available for Sale Unrealized Gains on Securities Fair Value Hedge Total Beginning balance $ 30 $ 9 $ 3,993 $ 1,868 $ (418 ) $ 5,482 Other comprehensive (loss) income before reclassification — — 17,598 (41,462 ) 6,187 (17,677 ) Amounts reclassified from accumulated other comprehensive (loss) income, net of tax — — — 520 — 520 Net current period other comprehensive (loss) income — — 17,598 (40,942 ) 6,187 (17,157 ) Ending balance $ 30 $ 9 $ 21,591 $ (39,074 ) $ 5,769 $ (11,675 ) For the Nine Months Ended September 30, 2021 Dollars in thousands Gains and (Losses) on Pension Plan Gains and (Losses) on Other Post-Retirement Benefits Gains and (Losses) on Cash Flow Hedges Unrealized Gains/(Losses) on Debt Securities Available for Sale Total Beginning balance $ (199 ) $ (40 ) $ (1,132 ) $ 6,816 $ 5,445 Other comprehensive income (loss) before reclassification — — 3,984 (3,935 ) 49 Amounts reclassified from accumulated other comprehensive (loss) income, net of tax — — — (406 ) (406 ) Net current period other comprehensive (loss) income — — 3,984 (4,341 ) (357 ) Ending balance $ (199 ) $ (40 ) $ 2,852 $ 2,475 $ 5,088 |
Note 16 - Income Taxes (Tables)
Note 16 - Income Taxes (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | For the Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Percent Percent Percent Percent Applicable statutory rate 21.0 % 21.0 % 21.0 % 21.0 % Increase (decrease) in rate resulting from: Tax-exempt interest and dividends, net (1.5 )% (1.3 )% (1.4 )% (1.4 )% State income taxes, net of Federal income tax benefit 1.9 % 2.1 % 2.0 % 2.1 % Low-income housing and rehabilitation tax credits (0.3 )% (0.1 )% (0.3 )% (0.2 )% Other, net — % (1.9 )% — % (0.4 )% Effective income tax rate 21.1 % 19.8 % 21.3 % 21.1 % |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | For the Three Months Ended September 30, For the Nine Months Ended September 30, Dollars in thousands 2022 2021 2022 2021 Current Federal $ 3,617 $ 2,350 $ 8,644 $ 7,720 State 480 351 1,180 1,122 4,097 2,701 9,824 8,842 Deferred Federal (211 ) 282 426 38 State (30 ) 40 61 6 (241 ) 322 487 44 Total $ 3,856 $ 3,023 $ 10,311 $ 8,886 |
Note 17 - Revenue From Contra_2
Note 17 - Revenue From Contracts With Customers (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, Dollars in thousands 2022 2021 2022 2021 Service fees on deposit accounts $ 1,550 $ 1,338 $ 4,625 $ 3,530 Bank card revenue 1,639 1,509 4,748 4,369 Trust and wealth management fees 725 718 2,228 2,039 Other 165 163 348 432 Net revenue from contracts with customers 4,079 3,728 11,949 10,370 Non-interest income within the scope of other ASC topics 808 839 1,339 3,886 Total noninterest income $ 4,887 $ 4,567 $ 13,288 $ 14,256 |
Note 3 - Fair Value Measureme_3
Note 3 - Fair Value Measurements - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | |
Debt securities available for sale (at fair value) | $ 383,965 | $ 401,103 | [1] |
Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 383,965 | 401,103 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 380,285 | 401,103 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 3,680 | 0 | |
US Government Corporations and Agencies Securities [Member] | |||
Debt securities available for sale (at fair value) | 21,659 | 36,629 | |
US Government Corporations and Agencies Securities [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 21,659 | 36,629 | |
US Government Corporations and Agencies Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
US Government Corporations and Agencies Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 21,659 | 36,629 | |
US Government Corporations and Agencies Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Government Sponsored Agencies [Member] | |||
Debt securities available for sale (at fair value) | 52,004 | 62,211 | |
Government Sponsored Agencies [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 52,004 | 62,211 | |
Government Sponsored Agencies [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Government Sponsored Agencies [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 52,004 | 62,211 | |
Government Sponsored Agencies [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Nongovernment Sponsored Agencies [Member] | |||
Debt securities available for sale (at fair value) | 48,680 | 26,586 | |
Nongovernment Sponsored Agencies [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 48,680 | 26,586 | |
Nongovernment Sponsored Agencies [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Nongovernment Sponsored Agencies [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 48,680 | 26,586 | |
Nongovernment Sponsored Agencies [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 94,001 | 137,786 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 94,001 | 137,786 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Corporate Debt Securities [Member] | |||
Debt securities available for sale (at fair value) | 31,111 | 30,278 | |
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 31,111 | 30,278 | |
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 27,431 | 30,278 | |
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 3,680 | 0 | |
Asset-Backed Securities [Member] | |||
Debt securities available for sale (at fair value) | 22,401 | 24,883 | |
Asset-Backed Securities [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 22,401 | 24,883 | |
Asset-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Asset-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 22,401 | 24,883 | |
Asset-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Tax Exempt Debt Securities U.S. States And Political Subdivisions [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 114,109 | 82,730 | |
Tax Exempt Debt Securities U.S. States And Political Subdivisions [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Tax Exempt Debt Securities U.S. States And Political Subdivisions [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 114,109 | 82,730 | |
Tax Exempt Debt Securities U.S. States And Political Subdivisions [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Interest Rate Cap [Member] | Fair Value, Recurring [Member] | |||
Interest rate caps | 31,659 | 11,187 | |
Interest Rate Cap [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Interest rate caps | 0 | 0 | |
Interest Rate Cap [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Interest rate caps | 31,659 | 11,187 | |
Interest Rate Cap [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Interest rate caps | 0 | 0 | |
Interest Rate Swap [Member] | Fair Value, Recurring [Member] | |||
Interest rate swaps | 10,520 | 1,124 | |
Interest Rate Swap [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Interest rate swaps | 0 | 0 | |
Interest Rate Swap [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Interest rate swaps | 10,520 | 1,124 | |
Interest Rate Swap [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Interest rate swaps | $ 0 | $ 0 | |
[1]Derived from audited consolidated financial statements |
Note 3 - Schedule of Fair Value
Note 3 - Schedule of Fair Value, Assets and Liabilities Measured on Nonrecurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Residential mortgage loans held for sale | $ 362 | $ 227 |
Collateral-dependent loans with an ACLL | 4,101 | 3,638 |
Property held for sale | 4,922 | 9,090 |
Commercial Real Estate Portfolio Segment [Member] | ||
Collateral-dependent loans with an ACLL | 3,051 | 2,417 |
Property held for sale | 297 | 1,170 |
Construction and Development Financial Receivable [Member] | ||
Collateral-dependent loans with an ACLL | 350 | 693 |
Property held for sale | 4,625 | 7,893 |
Residential Real Estate Financial Receivable [Member] | ||
Collateral-dependent loans with an ACLL | 700 | 528 |
Property held for sale | 0 | 27 |
Fair Value, Inputs, Level 1 [Member] | ||
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 Real Estate Portfolio Segment [Member] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Construction and Development Financial Receivable [Member] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Residential Real Estate Financial Receivable [Member] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Residential mortgage loans held for sale | 362 | 227 |
Collateral-dependent loans with an ACLL | 3,583 | 3,638 |
Property held for sale | 4,922 | 9,090 |
Fair Value, Inputs, Level 2 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Collateral-dependent loans with an ACLL | 3,051 | 2,417 |
Property held for sale | 297 | 1,170 |
Fair Value, Inputs, Level 2 [Member] | Construction and Development Financial Receivable [Member] | ||
Collateral-dependent loans with an ACLL | 350 | 693 |
Property held for sale | 4,625 | 7,893 |
Fair Value, Inputs, Level 2 [Member] | Residential Real Estate Financial Receivable [Member] | ||
Collateral-dependent loans with an ACLL | 182 | 528 |
Property held for sale | 0 | 27 |
Fair Value, Inputs, Level 3 [Member] | ||
Residential mortgage loans held for sale | 0 | 0 |
Collateral-dependent loans with an ACLL | 518 | 0 |
Property held for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Construction and Development Financial Receivable [Member] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Residential Real Estate Financial Receivable [Member] | ||
Collateral-dependent loans with an ACLL | 518 | 0 |
Property held for sale | $ 0 | $ 0 |
Note 3 - Fair Value Measureme_4
Note 3 - Fair Value Measurements - Carrying Values and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | |
Debt securities available for sale (at fair value) | $ 383,965 | $ 401,103 | [1] |
Tax-exempt state and political subdivisions | 96,640 | 98,060 | [1] |
Equity investments (at fair value) | 25,118 | 20,202 | [1] |
Residential mortgage loans held for sale | 362 | 227 | |
Cash surrender value of life insurance policies and annuities | 71,216 | 60,613 | [1] |
Derivative financial instruments | 42,179 | 11,187 | [1] |
Fair Value, Inputs, Level 1 [Member] | |||
Residential mortgage loans held for sale | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | |||
Residential mortgage loans held for sale | 362 | 227 | |
Fair Value, Inputs, Level 3 [Member] | |||
Residential mortgage loans held for sale | 0 | 0 | |
Reported Value Measurement [Member] | |||
Cash and cash equivalents | 45,651 | 78,458 | |
Debt securities available for sale (at fair value) | 383,965 | 401,103 | |
Tax-exempt state and political subdivisions | 96,640 | 98,060 | |
Equity investments (at fair value) | 25,118 | 20,202 | |
Other investments | 18,105 | 11,304 | |
Residential mortgage loans held for sale | 362 | 227 | |
Loans, net | 3,038,377 | 2,729,093 | |
Accrued interest receivable | 13,242 | 10,578 | |
Cash surrender value of life insurance policies and annuities | 71,216 | 60,613 | |
Derivative financial instruments | 42,179 | 11,187 | |
Assets, Fair Value Disclosure, Total | 3,734,855 | 3,420,825 | |
Deposits | 3,108,072 | 2,943,089 | |
Short-term borrowings | 273,148 | 140,146 | |
Long-term borrowings | 663 | 679 | |
Subordinated debentures | 103,175 | 102,891 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | |
Accrued interest payable | 2,222 | 788 | |
Financial Liabilities Fair Value Disclosure, Total | 3,506,869 | 3,208,306 | |
Interest rate swaps | 1,124 | ||
Estimate of Fair Value Measurement [Member] | |||
Cash and cash equivalents | 45,651 | 78,458 | |
Debt securities available for sale (at fair value) | 383,965 | 401,103 | |
Tax-exempt state and political subdivisions | 84,085 | 101,242 | |
Equity investments (at fair value) | 25,118 | 20,202 | |
Other investments | 18,105 | 11,304 | |
Residential mortgage loans held for sale | 362 | 227 | |
Loans, net | 3,015,381 | 2,726,959 | |
Accrued interest receivable | 13,242 | 10,578 | |
Cash surrender value of life insurance policies and annuities | 71,216 | 60,613 | |
Derivative financial instruments | 42,179 | 11,187 | |
Assets, Fair Value Disclosure, Total | 3,699,304 | 3,421,873 | |
Deposits | 3,108,049 | 2,944,722 | |
Short-term borrowings | 273,148 | 140,146 | |
Long-term borrowings | 679 | 795 | |
Subordinated debentures | 93,912 | 103,623 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | |
Accrued interest payable | 2,222 | 788 | |
Financial Liabilities Fair Value Disclosure, Total | 3,497,599 | 3,210,787 | |
Interest rate swaps | 1,124 | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Cash and cash equivalents | 16,141 | 21,006 | |
Debt securities available for sale (at fair value) | 0 | 0 | |
Tax-exempt state and political subdivisions | 0 | 0 | |
Equity investments (at fair value) | 4,803 | 0 | |
Other investments | 0 | 0 | |
Residential mortgage loans held for sale | 0 | 0 | |
Loans, net | 0 | 0 | |
Accrued interest receivable | 0 | 0 | |
Cash surrender value of life insurance policies and annuities | 0 | 0 | |
Derivative financial instruments | 0 | 0 | |
Assets, Fair Value Disclosure, Total | 20,944 | 21,006 | |
Deposits | 0 | 0 | |
Short-term borrowings | 0 | 0 | |
Long-term borrowings | 0 | 0 | |
Subordinated debentures | 0 | 0 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 0 | 0 | |
Accrued interest payable | 0 | 0 | |
Financial Liabilities Fair Value Disclosure, Total | 0 | 0 | |
Interest rate swaps | 0 | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Cash and cash equivalents | 29,510 | 57,452 | |
Debt securities available for sale (at fair value) | 380,285 | 401,103 | |
Tax-exempt state and political subdivisions | 84,085 | 101,242 | |
Equity investments (at fair value) | 20,315 | 20,202 | |
Other investments | 18,105 | 11,304 | |
Residential mortgage loans held for sale | 362 | 227 | |
Loans, net | 3,583 | 3,638 | |
Accrued interest receivable | 13,242 | 10,578 | |
Cash surrender value of life insurance policies and annuities | 71,216 | 60,613 | |
Derivative financial instruments | 42,179 | 11,187 | |
Assets, Fair Value Disclosure, Total | 662,882 | 677,546 | |
Deposits | 3,108,049 | 2,944,722 | |
Short-term borrowings | 273,148 | 140,146 | |
Long-term borrowings | 679 | 795 | |
Subordinated debentures | 93,912 | 103,623 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | |
Accrued interest payable | 2,222 | 788 | |
Financial Liabilities Fair Value Disclosure, Total | 3,497,599 | 3,210,787 | |
Interest rate swaps | 1,124 | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Cash and cash equivalents | 0 | 0 | |
Debt securities available for sale (at fair value) | 3,680 | 0 | |
Tax-exempt state and political subdivisions | 0 | 0 | |
Equity investments (at fair value) | 0 | 0 | |
Other investments | 0 | 0 | |
Residential mortgage loans held for sale | 0 | 0 | |
Loans, net | 3,011,798 | 2,723,321 | |
Accrued interest receivable | 0 | 0 | |
Cash surrender value of life insurance policies and annuities | 0 | 0 | |
Derivative financial instruments | 0 | 0 | |
Assets, Fair Value Disclosure, Total | 3,015,478 | 2,723,321 | |
Deposits | 0 | 0 | |
Short-term borrowings | 0 | 0 | |
Long-term borrowings | 0 | 0 | |
Subordinated debentures | 0 | 0 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 0 | 0 | |
Accrued interest payable | 0 | 0 | |
Financial Liabilities Fair Value Disclosure, Total | $ 0 | 0 | |
Interest rate swaps | $ 0 | ||
[1]Derived from audited consolidated financial statements |
Note 4 - Earnings Per Share (De
Note 4 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Stock Appreciation Rights (SARs) [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 105,467 | 222,740 | 105,467 | 222,740 |
Note 4 - Earnings Per Share - S
Note 4 - Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Net income | $ 14,423 | $ 12,238 | $ 38,130 | $ 33,157 |
Less preferred stock dividends | (225) | (225) | (675) | (364) |
Basic earnings per share | $ 14,198 | $ 12,013 | $ 37,455 | $ 32,793 |
Basic earnings per share (in shares) | 12,766,473 | 12,964,575 | 12,755,576 | 12,953,053 |
Basic earnings per common share (in dollars per share) | $ 1.11 | $ 0.93 | $ 2.94 | $ 2.53 |
Stock options (in shares) | 789 | 3,278 | ||
Diluted earnings per share | $ 14,198 | $ 12,013 | $ 37,455 | $ 32,793 |
Diluted earnings per share (in shares) | 12,835,760 | 13,018,672 | 12,815,982 | 13,011,526 |
Diluted earnings per common share (in dollars per share) | $ 1.11 | $ 0.92 | $ 2.92 | $ 2.52 |
Stock Appreciation Rights [Member] | ||||
Incremental Common Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements (in shares) | 65,915 | 48,827 | 56,035 | 49,951 |
Restricted Stock Units [Member] | ||||
Incremental Common Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements (in shares) | 3,372 | 4,481 | 4,371 | 5,244 |
Note 5 - Debt Securities (Detai
Note 5 - Debt Securities (Details Textual) | 9 Months Ended | ||
Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) | |
Accrued Interest Receivable Debt Securities Available for Sale | $ 2,900,000 | $ 2,300,000 | |
Accrued Interest Receivable Debt Securities Held to Maturity | $ 937,000 | 1,100,000 | |
State and Political Subdivisions Securities Number of States with Highest Volume | 5 | ||
Debt Securities, Held-to-Maturity, Nonaccrual | $ 0 | 0 | |
Debt Securities, Held-to-Maturity, 90 Days or More Past Due, Still Accruing | 0 | $ 0 | |
Proceeds from Maturities, Prepayments and Calls of Held-to-Maturity Securities | 0 | $ 0 | |
Debt Securities, Available-for-Sale, Allowance for Credit Loss, Ending Balance | $ 0 |
Note 5 - Debt Securities - Summ
Note 5 - Debt Securities - Summary of Amortized Cost and Fair Value of Available-for-sale Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | |
Debt securities, available for sale, amortized cost | $ 435,376 | $ 398,643 | |
Available for sale securities, unrealized gains | 180 | 6,223 | |
Available for sale securities, unrealized losses | 51,591 | 3,763 | |
Debt securities available for sale (at fair value) | 383,965 | 401,103 | [1] |
US Government Corporations and Agencies Securities [Member] | |||
Debt securities, available for sale, amortized cost | 21,874 | 36,820 | |
Available for sale securities, unrealized gains | 91 | 169 | |
Available for sale securities, unrealized losses | 306 | 360 | |
Debt securities available for sale (at fair value) | 21,659 | 36,629 | |
Government Sponsored Agencies [Member] | |||
Debt securities, available for sale, amortized cost | 55,924 | 61,646 | |
Available for sale securities, unrealized gains | 84 | 1,153 | |
Available for sale securities, unrealized losses | 4,004 | 588 | |
Debt securities available for sale (at fair value) | 52,004 | 62,211 | |
Nongovernment Sponsored Agencies [Member] | |||
Debt securities, available for sale, amortized cost | 51,342 | 26,839 | |
Available for sale securities, unrealized gains | 2 | 26 | |
Available for sale securities, unrealized losses | 2,664 | 279 | |
Debt securities available for sale (at fair value) | 48,680 | 26,586 | |
Taxable State and Political Subdivisions General Obligations [Member] | |||
Debt securities, available for sale, amortized cost | 82,029 | 78,627 | |
Available for sale securities, unrealized gains | 3 | 377 | |
Available for sale securities, unrealized losses | 19,151 | 1,323 | |
Debt securities available for sale (at fair value) | 62,881 | 77,681 | |
Taxable State and Political Subdivisions Sales Tax Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 6,896 | 6,909 | |
Available for sale securities, unrealized gains | 0 | 19 | |
Available for sale securities, unrealized losses | 1,766 | 99 | |
Debt securities available for sale (at fair value) | 5,130 | 6,829 | |
Taxable State and Political Subdivisions Water and Sewer Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 9,839 | ||
Available for sale securities, unrealized gains | 294 | ||
Available for sale securities, unrealized losses | 0 | ||
Debt securities available for sale (at fair value) | 10,133 | ||
Taxable State and Political Subdivisions Various Tax Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 10,707 | 13,031 | |
Available for sale securities, unrealized gains | 0 | 218 | |
Available for sale securities, unrealized losses | 2,462 | 203 | |
Debt securities available for sale (at fair value) | 8,245 | 13,046 | |
Taxable State and Political Subdivisions Lease Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 6,401 | ||
Available for sale securities, unrealized gains | 215 | ||
Available for sale securities, unrealized losses | 26 | ||
Debt securities available for sale (at fair value) | 6,590 | ||
Taxable State and Political Subdivisions Utility Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 5,302 | 7,153 | |
Available for sale securities, unrealized gains | 0 | 137 | |
Available for sale securities, unrealized losses | 1,293 | 130 | |
Debt securities available for sale (at fair value) | 4,009 | 7,160 | |
Taxable State and Political Subdivisions Income Tax Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 6,487 | ||
Available for sale securities, unrealized gains | 250 | ||
Available for sale securities, unrealized losses | 3 | ||
Debt securities available for sale (at fair value) | 6,734 | ||
Taxable State and Political Subdivisions Other Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 16,856 | 9,291 | |
Available for sale securities, unrealized gains | 0 | 331 | |
Available for sale securities, unrealized losses | 3,120 | 9 | |
Debt securities available for sale (at fair value) | 13,736 | 9,613 | |
Corporate Debt Securities [Member] | |||
Debt securities, available for sale, amortized cost | 32,658 | 30,524 | |
Available for sale securities, unrealized gains | 0 | 78 | |
Available for sale securities, unrealized losses | 1,547 | 324 | |
Debt securities available for sale (at fair value) | 31,111 | 30,278 | |
Asset-Backed Securities [Member] | |||
Debt securities, available for sale, amortized cost | 22,696 | 24,873 | |
Available for sale securities, unrealized gains | 0 | 97 | |
Available for sale securities, unrealized losses | 295 | 87 | |
Debt securities available for sale (at fair value) | 22,401 | 24,883 | |
Taxable Debt Securities [Member] | |||
Debt securities, available for sale, amortized cost | 306,284 | 318,440 | |
Available for sale securities, unrealized gains | 180 | 3,364 | |
Available for sale securities, unrealized losses | 36,608 | 3,431 | |
Debt securities available for sale (at fair value) | 269,856 | 318,373 | |
Tax Exempt State and Political Subdivisions General Obligations [Member] | |||
Debt securities, available for sale, amortized cost | 90,512 | 47,583 | |
Available for sale securities, unrealized gains | 0 | 1,526 | |
Available for sale securities, unrealized losses | 9,624 | 270 | |
Debt securities available for sale (at fair value) | 80,888 | 48,839 | |
Tax Exempt State and Political Subdivisions Water And Sewer Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 15,142 | 10,618 | |
Available for sale securities, unrealized gains | 0 | 375 | |
Available for sale securities, unrealized losses | 1,682 | 15 | |
Debt securities available for sale (at fair value) | 13,460 | 10,978 | |
Tax Exempt State and Political Subdivisions Lease Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 6,326 | 7,974 | |
Available for sale securities, unrealized gains | 0 | 553 | |
Available for sale securities, unrealized losses | 659 | 31 | |
Debt securities available for sale (at fair value) | 5,667 | 8,496 | |
Tax Exempt State and Political Subdivisions Various Tax Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 7,885 | ||
Available for sale securities, unrealized gains | 0 | ||
Available for sale securities, unrealized losses | 1,445 | ||
Debt securities available for sale (at fair value) | 6,440 | ||
Tax Exempt State and Political Subdivisions Other Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 9,227 | 14,028 | |
Available for sale securities, unrealized gains | 0 | 405 | |
Available for sale securities, unrealized losses | 1,573 | 16 | |
Debt securities available for sale (at fair value) | 7,654 | 14,417 | |
Tax Exempt Debt Securities [Member] | |||
Debt securities, available for sale, amortized cost | 129,092 | 80,203 | |
Available for sale securities, unrealized gains | 0 | 2,859 | |
Available for sale securities, unrealized losses | 14,983 | 332 | |
Debt securities available for sale (at fair value) | $ 114,109 | $ 82,730 | |
[1]Derived from audited consolidated financial statements |
Note 5 - Debt Securities - Su_2
Note 5 - Debt Securities - Summary of Volume of State and Political Subdivision Securities Held in Portfolio (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | |
Debt securities, available for sale, amortized cost | $ 435,376 | $ 398,643 | |
Available for sale securities, unrealized gains | 180 | 6,223 | |
Available for sale securities, unrealized losses | 51,591 | 3,763 | |
Debt securities available for sale (at fair value) | 383,965 | $ 401,103 | [1] |
CALIFORNIA | |||
Debt securities, available for sale, amortized cost | 47,597 | ||
Available for sale securities, unrealized gains | 0 | ||
Available for sale securities, unrealized losses | 10,650 | ||
Debt securities available for sale (at fair value) | 36,947 | ||
TEXAS | |||
Debt securities, available for sale, amortized cost | 35,726 | ||
Available for sale securities, unrealized gains | 0 | ||
Available for sale securities, unrealized losses | 5,621 | ||
Debt securities available for sale (at fair value) | 30,105 | ||
WASHINGTON | |||
Debt securities, available for sale, amortized cost | 20,736 | ||
Available for sale securities, unrealized gains | 0 | ||
Available for sale securities, unrealized losses | 2,286 | ||
Debt securities available for sale (at fair value) | 18,450 | ||
MICHIGAN | |||
Debt securities, available for sale, amortized cost | 21,440 | ||
Available for sale securities, unrealized gains | 0 | ||
Available for sale securities, unrealized losses | 3,099 | ||
Debt securities available for sale (at fair value) | 18,341 | ||
OREGON | |||
Debt securities, available for sale, amortized cost | 15,766 | ||
Available for sale securities, unrealized gains | 0 | ||
Available for sale securities, unrealized losses | 3,997 | ||
Debt securities available for sale (at fair value) | $ 11,769 | ||
[1]Derived from audited consolidated financial statements |
Note 5 - Debt Securities - Inve
Note 5 - Debt Securities - Investments Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | |
Due in one year or less, amortized cost | $ 34,660 | ||
Due in one year or less, estimated fair value | 33,530 | ||
Due from one to five years, amortized cost | 80,286 | ||
Due from one to five years, estimated fair value | 76,508 | ||
Due from five to ten years, amortized cost | 62,393 | ||
Due from five to ten years, estimated fair value | 57,655 | ||
Due after ten years, amortized cost | 258,037 | ||
Due after ten years, estimated fair value | 216,272 | ||
Total amortized cost | 435,376 | $ 398,643 | |
Total estimated fair value | $ 383,965 | $ 401,103 | [1] |
[1]Derived from audited consolidated financial statements |
Note 5 - Debt Securities - Sche
Note 5 - Debt Securities - Schedule of Realized Gain (Loss) (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2022 | Sep. 30, 2021 | |
Proceeds from sales of debt securities available for sale | $ 61,471 | $ 15,704 |
Proceeds from maturities and calls of debt securities available for sale | 1,795 | 6,455 |
Principal payments received on debt securities available for sale | 29,023 | 22,925 |
Debt securities, available for sale, realized gain | 218 | 628 |
Debt securities, available for sale, realized gain (loss) | $ 902 | $ 94 |
Note 5 - Debt Securities - Sc_2
Note 5 - Debt Securities - Schedule of Unrealized Loss on Investments (Details) $ in Thousands | Sep. 30, 2022 USD ($) | Dec. 31, 2021 USD ($) |
Number of Securities in Loss Positions | 311 | 157 |
Estimated Fair Value, Less than 12 Months | $ 220,777 | $ 169,460 |
Unrealized Loss, Less than 12 Months | 21,432 | 2,926 |
Estimated Fair Value, 12 Months or More | 125,591 | 39,837 |
Unrealized Loss, 12 Months or More | 30,159 | 837 |
Estimated Fair Value, Total | 346,368 | 209,297 |
Unrealized Loss, Total | $ 51,591 | $ 3,763 |
US Government Corporations and Agencies Securities [Member] | ||
Number of Securities in Loss Positions | 26 | 41 |
Estimated Fair Value, Less than 12 Months | $ 5,744 | $ 6,630 |
Unrealized Loss, Less than 12 Months | 100 | 23 |
Estimated Fair Value, 12 Months or More | 10,544 | 21,061 |
Unrealized Loss, 12 Months or More | 206 | 337 |
Estimated Fair Value, Total | 16,288 | 27,691 |
Unrealized Loss, Total | $ 306 | $ 360 |
Government Sponsored Agencies [Member] | ||
Number of Securities in Loss Positions | 58 | 19 |
Estimated Fair Value, Less than 12 Months | $ 26,975 | $ 19,828 |
Unrealized Loss, Less than 12 Months | 1,929 | 376 |
Estimated Fair Value, 12 Months or More | 14,902 | 6,886 |
Unrealized Loss, 12 Months or More | 2,075 | 212 |
Estimated Fair Value, Total | 41,877 | 26,714 |
Unrealized Loss, Total | $ 4,004 | $ 588 |
Nongovernment Sponsored Agencies [Member] | ||
Number of Securities in Loss Positions | 20 | 6 |
Estimated Fair Value, Less than 12 Months | $ 28,811 | $ 4,345 |
Unrealized Loss, Less than 12 Months | 1,596 | 61 |
Estimated Fair Value, 12 Months or More | 8,882 | 7,591 |
Unrealized Loss, 12 Months or More | 1,068 | 218 |
Estimated Fair Value, Total | 37,693 | 11,936 |
Unrealized Loss, Total | $ 2,664 | $ 279 |
Taxable State and Political Subdivisions General Obligations [Member] | ||
Number of Securities in Loss Positions | 56 | 41 |
Estimated Fair Value, Less than 12 Months | $ 18,116 | $ 62,543 |
Unrealized Loss, Less than 12 Months | 3,420 | 1,286 |
Estimated Fair Value, 12 Months or More | 43,770 | 1,055 |
Unrealized Loss, 12 Months or More | 15,731 | 37 |
Estimated Fair Value, Total | 61,886 | 63,598 |
Unrealized Loss, Total | $ 19,151 | $ 1,323 |
Taxable State and Political Subdivisions Sales Tax Revenues [Member] | ||
Number of Securities in Loss Positions | 4 | 2 |
Estimated Fair Value, Less than 12 Months | $ 1,842 | $ 6,052 |
Unrealized Loss, Less than 12 Months | 498 | 99 |
Estimated Fair Value, 12 Months or More | 3,289 | 0 |
Unrealized Loss, 12 Months or More | 1,268 | 0 |
Estimated Fair Value, Total | 5,131 | 6,052 |
Unrealized Loss, Total | $ 1,766 | $ 99 |
Taxable State and Political Subdivisions Lease Revenues [Member] | ||
Number of Securities in Loss Positions | 2 | |
Estimated Fair Value, Less than 12 Months | $ 1,564 | |
Unrealized Loss, Less than 12 Months | 14 | |
Estimated Fair Value, 12 Months or More | 494 | |
Unrealized Loss, 12 Months or More | 12 | |
Estimated Fair Value, Total | 2,058 | |
Unrealized Loss, Total | $ 26 | |
Taxable State and Political Subdivisions Various Tax Revenues [Member] | ||
Number of Securities in Loss Positions | 7 | 5 |
Estimated Fair Value, Less than 12 Months | $ 3,253 | $ 8,389 |
Unrealized Loss, Less than 12 Months | 704 | 203 |
Estimated Fair Value, 12 Months or More | 4,992 | 0 |
Unrealized Loss, 12 Months or More | 1,758 | 0 |
Estimated Fair Value, Total | 8,245 | 8,389 |
Unrealized Loss, Total | $ 2,462 | $ 203 |
Taxable State and Political Subdivisions Income Tax Revenues [Member] | ||
Number of Securities in Loss Positions | 1 | |
Estimated Fair Value, Less than 12 Months | $ 721 | |
Unrealized Loss, Less than 12 Months | 3 | |
Estimated Fair Value, 12 Months or More | 0 | |
Unrealized Loss, 12 Months or More | 0 | |
Estimated Fair Value, Total | 721 | |
Unrealized Loss, Total | $ 3 | |
Taxable State and Political Subdivisions Utility Revenues [Member] | ||
Number of Securities in Loss Positions | 3 | 3 |
Estimated Fair Value, Less than 12 Months | $ 1,542 | $ 5,175 |
Unrealized Loss, Less than 12 Months | 459 | 130 |
Estimated Fair Value, 12 Months or More | 2,466 | 0 |
Unrealized Loss, 12 Months or More | 834 | 0 |
Estimated Fair Value, Total | 4,008 | 5,175 |
Unrealized Loss, Total | $ 1,293 | $ 130 |
Taxable State and Political Subdivisions Other Revenues [Member] | ||
Number of Securities in Loss Positions | 16 | 1 |
Estimated Fair Value, Less than 12 Months | $ 12,588 | $ 744 |
Unrealized Loss, Less than 12 Months | 2,792 | 9 |
Estimated Fair Value, 12 Months or More | 1,148 | 0 |
Unrealized Loss, 12 Months or More | 328 | 0 |
Estimated Fair Value, Total | 13,736 | 744 |
Unrealized Loss, Total | $ 3,120 | $ 9 |
Corporate Debt Securities [Member] | ||
Number of Securities in Loss Positions | 20 | 10 |
Estimated Fair Value, Less than 12 Months | $ 11,579 | $ 10,534 |
Unrealized Loss, Less than 12 Months | 773 | 314 |
Estimated Fair Value, 12 Months or More | 10,071 | 990 |
Unrealized Loss, 12 Months or More | 774 | 10 |
Estimated Fair Value, Total | 21,650 | 11,524 |
Unrealized Loss, Total | $ 1,547 | $ 324 |
Asset-Backed Securities [Member] | ||
Number of Securities in Loss Positions | 15 | 8 |
Estimated Fair Value, Less than 12 Months | $ 21,781 | $ 10,522 |
Unrealized Loss, Less than 12 Months | 283 | 86 |
Estimated Fair Value, 12 Months or More | 620 | 751 |
Unrealized Loss, 12 Months or More | 12 | 1 |
Estimated Fair Value, Total | 22,401 | 11,273 |
Unrealized Loss, Total | $ 295 | $ 87 |
Tax Exempt State and Political Subdivisions General Obligations [Member] | ||
Number of Securities in Loss Positions | 58 | 13 |
Estimated Fair Value, Less than 12 Months | $ 59,699 | $ 25,555 |
Unrealized Loss, Less than 12 Months | 4,542 | 261 |
Estimated Fair Value, 12 Months or More | 21,189 | 853 |
Unrealized Loss, 12 Months or More | 5,082 | 9 |
Estimated Fair Value, Total | 80,888 | 26,408 |
Unrealized Loss, Total | $ 9,624 | $ 270 |
Tax Exempt State and Political Subdivisions Water And Sewer Revenues [Member] | ||
Number of Securities in Loss Positions | 14 | 1 |
Estimated Fair Value, Less than 12 Months | $ 12,298 | $ 904 |
Unrealized Loss, Less than 12 Months | 1,457 | 15 |
Estimated Fair Value, 12 Months or More | 682 | 0 |
Unrealized Loss, 12 Months or More | 225 | 0 |
Estimated Fair Value, Total | 12,980 | 904 |
Unrealized Loss, Total | $ 1,682 | $ 15 |
Tax Exempt State and Political Subdivisions Lease Revenues [Member] | ||
Number of Securities in Loss Positions | 3 | 1 |
Estimated Fair Value, Less than 12 Months | $ 3,762 | $ 2,396 |
Unrealized Loss, Less than 12 Months | 138 | 31 |
Estimated Fair Value, 12 Months or More | 1,874 | 0 |
Unrealized Loss, 12 Months or More | 521 | 0 |
Estimated Fair Value, Total | 5,636 | 2,396 |
Unrealized Loss, Total | $ 659 | $ 31 |
Tax Exempt State and Political Subdivisions Various Tax Revenues [Member] | ||
Number of Securities in Loss Positions | 4 | |
Estimated Fair Value, Less than 12 Months | $ 6,312 | |
Unrealized Loss, Less than 12 Months | 1,417 | |
Estimated Fair Value, 12 Months or More | 128 | |
Unrealized Loss, 12 Months or More | 28 | |
Estimated Fair Value, Total | 6,440 | |
Unrealized Loss, Total | $ 1,445 | |
Tax Exempt State and Political Subdivisions Other Revenues [Member] | ||
Number of Securities in Loss Positions | 7 | 3 |
Estimated Fair Value, Less than 12 Months | $ 6,475 | $ 3,558 |
Unrealized Loss, Less than 12 Months | 1,324 | 15 |
Estimated Fair Value, 12 Months or More | 1,034 | 156 |
Unrealized Loss, 12 Months or More | 249 | 1 |
Estimated Fair Value, Total | 7,509 | 3,714 |
Unrealized Loss, Total | $ 1,573 | $ 16 |
Note 5 - Debt Securities - Held
Note 5 - Debt Securities - Held to Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | |
Tax-exempt state and political subdivisions | $ 96,640 | $ 98,060 | [1] |
Unrealized Gains | 0 | 3,187 | |
Unrealized Losses | 12,555 | 5 | |
Debt Securities, Held-to-maturity, Fair Value | 84,085 | 101,242 | [1] |
Tax Exempt State and Political Subdivisions General Obligations [Member] | |||
Tax-exempt state and political subdivisions | 70,755 | 71,807 | |
Unrealized Gains | 0 | 2,583 | |
Unrealized Losses | 8,607 | 0 | |
Debt Securities, Held-to-maturity, Fair Value | 62,148 | 74,390 | |
Tax Exempt State and Political Subdivisions Water And Sewer Revenues [Member] | |||
Tax-exempt state and political subdivisions | 8,053 | 8,192 | |
Unrealized Gains | 0 | 210 | |
Unrealized Losses | 836 | 0 | |
Debt Securities, Held-to-maturity, Fair Value | 7,217 | 8,402 | |
Tax Exempt State and Political Subdivisions Lease Revenues [Member] | |||
Tax-exempt state and political subdivisions | 4,254 | 4,316 | |
Unrealized Gains | 0 | 74 | |
Unrealized Losses | 698 | 0 | |
Debt Securities, Held-to-maturity, Fair Value | 3,556 | 4,390 | |
Tax Exempt State and Political Subdivisions Sales Tax Revenues [Member] | |||
Tax-exempt state and political subdivisions | 4,532 | 4,582 | |
Unrealized Gains | 0 | 106 | |
Unrealized Losses | 809 | 0 | |
Debt Securities, Held-to-maturity, Fair Value | 3,723 | 4,688 | |
Tax Exempt State and Political Subdivisions Other Revenues [Member] | |||
Tax-exempt state and political subdivisions | 3,514 | 9,163 | |
Unrealized Gains | 0 | 214 | |
Unrealized Losses | 388 | 5 | |
Debt Securities, Held-to-maturity, Fair Value | 3,126 | $ 9,372 | |
Tax Exempt State and Political Subdivisions Various Tax Revenues [Member] | |||
Tax-exempt state and political subdivisions | 5,532 | ||
Unrealized Gains | 0 | ||
Unrealized Losses | 1,217 | ||
Debt Securities, Held-to-maturity, Fair Value | $ 4,315 | ||
[1]Derived from audited consolidated financial statements |
Note 5 - Debt Securities - Su_3
Note 5 - Debt Securities - Summary of Volume of state and Political Subdivision Securities Held to Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | |
Tax-exempt state and political subdivisions | $ 96,640 | $ 98,060 | [1] |
Unrealized Gains | 0 | 3,187 | |
Unrealized Losses | 12,555 | 5 | |
Debt Securities, Held-to-maturity, Fair Value | 84,085 | $ 101,242 | [1] |
TEXAS | |||
Tax-exempt state and political subdivisions | 15,176 | ||
Unrealized Gains | 0 | ||
Unrealized Losses | 1,713 | ||
Debt Securities, Held-to-maturity, Fair Value | 13,463 | ||
CALIFORNIA | |||
Tax-exempt state and political subdivisions | 9,718 | ||
Unrealized Gains | 0 | ||
Unrealized Losses | 980 | ||
Debt Securities, Held-to-maturity, Fair Value | 8,738 | ||
PENNSYLVANIA | |||
Tax-exempt state and political subdivisions | 8,519 | ||
Unrealized Gains | 0 | ||
Unrealized Losses | 1,017 | ||
Debt Securities, Held-to-maturity, Fair Value | 7,502 | ||
FLORIDA | |||
Tax-exempt state and political subdivisions | 7,498 | ||
Unrealized Gains | 0 | ||
Unrealized Losses | 1,183 | ||
Debt Securities, Held-to-maturity, Fair Value | 6,315 | ||
MICHIGAN | |||
Tax-exempt state and political subdivisions | 6,937 | ||
Unrealized Gains | 0 | ||
Unrealized Losses | 1,003 | ||
Debt Securities, Held-to-maturity, Fair Value | $ 5,934 | ||
[1]Derived from audited consolidated financial statements |
Note 5 - Debt Securities - Debt
Note 5 - Debt Securities - Debt Securities Held to Maturity by Credit Rating (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | |
Tax-exempt state and political subdivisions | $ 96,640 | $ 98,060 | [1] |
Standard & Poor's, AAA Rating [Member] | |||
Tax-exempt state and political subdivisions | 12,905 | 15,450 | |
Standard & Poor's, AA Rating [Member] | |||
Tax-exempt state and political subdivisions | 76,324 | 75,119 | |
Standard & Poor's, A Rating [Member] | |||
Tax-exempt state and political subdivisions | 7,411 | 7,491 | |
Standard & Poor's, BBB Rating [Member] | |||
Tax-exempt state and political subdivisions | 0 | 0 | |
Standard Poors Below Investment Grade Rating [Member] | |||
Tax-exempt state and political subdivisions | $ 0 | $ 0 | |
[1]Derived from audited consolidated financial statements |
Note 5 - Debt Securities - He_2
Note 5 - Debt Securities - Held to Maturity Investments Classified by Contractual Maturity Date (Details) $ in Thousands | Sep. 30, 2022 USD ($) |
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, 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 one through five | 0 |
Debt securities, held to maturity, amortized cost, maturity, allocated and single maturity date, after year 5 through 10 | 2,826 |
Debt securities, held to maturity, fair value, maturity, allocated and single maturity date, after year 5 through 10 | 2,527 |
Debt securities, held to maturity, amortized cost, maturity, allocated and single maturity date, after year 10 | 93,814 |
Debt securities, held to maturity, fair value, maturity, allocated and single maturity date, after year 10 | 81,558 |
Debt securities, held to maturity, amortized cost, maturity, allocated and single maturity date, amortized cost | 96,640 |
Debt securities, held to maturity, fair value, maturity, allocated and single maturity date, fair value | $ 84,085 |
Note 6 - Loans and Allowance _3
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) (Details Textual) - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
Accrued Interest and Fees Receivable on Loans | $ 8,600,000 | $ 7,200,000 |
Financing Receivable, Troubled Debt Restructuring | 20,100,000 | 20,900,000 |
Current Troubled Debt Restructurings | 18,100,000 | 18,700,000 |
Commitments to Lend Funds for Restructured Loans | 0 | |
Financing Receivable Troubled Debt Restructuring Individually Evaluated for Impairment Minimum | 500,000 | |
Loan Review Aggregate Exposure Amount on Nonhomogeneous Commercial Loan Relationships | 5,000,000 | |
Loans Collectively Evaluated Fully Guaranteed or Cash Secured Loans | $ 9,700,000 | $ 19,800,000 |
Note 6 - Loans and Allowance _4
Note 6 - Loans and Allowance for Credit Losses on Loans - Summary of Loans, Net of Unearned Fees (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | |
Loans and Leases Receivable, Net of Deferred Income | $ 3,075,127 | $ 2,761,391 | [1] |
Less allowance for loan losses | 36,750 | 32,298 | [1] |
Loans and losses receivable, Net of Deferred Income | 3,038,377 | 2,729,093 | [1] |
Commercial Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 512,771 | 365,301 | |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 120,480 | 150,759 | |
Commercial Real Estate Owner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 190,196 | 190,304 | |
Commercial Real Estate Owner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 162,622 | 143,645 | |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 145,739 | 128,450 | |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 51,508 | 59,045 | |
Multifamily [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 271,015 | 233,157 | |
Commercial Real Estate Nonowner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 191,676 | 162,758 | |
Commercial Real Estate Nonowner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 300,689 | 282,621 | |
Land and Land Improvements [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 104,437 | 100,805 | |
Construction Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 248,564 | 146,038 | |
Residential 1-4 Family Real Estate, Personal Residence [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 258,590 | 262,805 | |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 123,612 | 121,989 | |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 87,449 | 79,108 | |
Home Equity Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 72,756 | 72,112 | |
Mortgage Warehouse Lines [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 194,740 | 227,869 | |
Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 35,116 | 31,923 | |
Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 2,032 | 1,891 | |
Bank Overdrafts [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | $ 1,135 | $ 811 | |
[1]Derived from audited consolidated financial statements |
Note 6 - Loans and Allowance _5
Note 6 - Loans and Allowance for Credit Losses on Loans - Schedule of Contractual Aging of Recorded Investment in Past Due Loans by Class (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | |
Loans and Leases Receivable, Net of Deferred Income | $ 3,075,127 | $ 2,761,391 | [1] |
Accruing | 4 | 4 | |
Commercial Loans [Member] | |||
Accruing | 0 | 0 | |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 120,480 | 150,759 | |
Accruing | 0 | 0 | |
Commercial Real Estate Owner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 190,196 | 190,304 | |
Accruing | 0 | 0 | |
Commercial Real Estate Owner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 162,622 | 143,645 | |
Accruing | 0 | 0 | |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 145,739 | 128,450 | |
Accruing | 0 | 0 | |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 51,508 | 59,045 | |
Accruing | 0 | 0 | |
Multifamily [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 271,015 | 233,157 | |
Accruing | 0 | 0 | |
Commercial Real Estate Nonowner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 191,676 | 162,758 | |
Accruing | 0 | 0 | |
Commercial Real Estate Nonowner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 300,689 | 282,621 | |
Accruing | 0 | 0 | |
Land and Land Improvements [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 104,437 | 100,805 | |
Accruing | 0 | 0 | |
Construction Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 248,564 | 146,038 | |
Accruing | 0 | 0 | |
Residential 1-4 Family Real Estate, Personal Residence [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 258,590 | 262,805 | |
Accruing | 0 | 0 | |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 123,612 | 121,989 | |
Accruing | 0 | 0 | |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 87,449 | 79,108 | |
Accruing | 0 | 0 | |
Home Equity Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 72,756 | 72,112 | |
Accruing | 0 | 0 | |
Mortgage Warehouse Lines [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 194,740 | 227,869 | |
Accruing | 0 | 0 | |
Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 35,116 | 31,923 | |
Accruing | 0 | 0 | |
Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 2,032 | 1,891 | |
Accruing | 4 | 4 | |
Bank Overdrafts [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,135 | 811 | |
Accruing | 0 | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 6,469 | 4,517 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,279 | 736 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 336 | 409 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Owner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Owner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 464 | 208 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 2 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Multifamily [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 71 | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 264 | 66 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Land and Land Improvements [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,000 | 38 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Residential 1-4 Family Real Estate, Personal Residence [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,533 | 2,283 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,029 | 429 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Home Equity Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 347 | 236 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Mortgage Warehouse Lines [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 145 | 98 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1 | 12 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Bank Overdrafts [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,503 | 2,076 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 57 | 15 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Owner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 405 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Owner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 113 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Multifamily [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 446 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Land and Land Improvements [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 105 | 7 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Residential 1-4 Family Real Estate, Personal Residence [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 595 | 1,211 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 103 | 247 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Home Equity Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 8 | 80 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Mortgage Warehouse Lines [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 73 | 101 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 3 | 10 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Bank Overdrafts [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 4,106 | 4,925 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 138 | 613 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Owner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 878 | 144 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Owner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 150 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Multifamily [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 112 | 55 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 338 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Land and Land Improvements [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 33 | 962 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential 1-4 Family Real Estate, Personal Residence [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 2,298 | 1,384 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 584 | 1,093 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Home Equity Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 57 | 175 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Mortgage Warehouse Lines [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 2 | 7 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 4 | 4 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Bank Overdrafts [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, Past Due [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 12,078 | 11,518 | |
Financial Asset, Past Due [Member] | Commercial Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,474 | 1,364 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 336 | 409 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Owner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 878 | 549 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Owner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 577 | 358 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 2 | |
Financial Asset, Past Due [Member] | Multifamily [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 629 | 55 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Nonowner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 264 | 404 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Nonowner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, Past Due [Member] | Land and Land Improvements [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,138 | 1,007 | |
Financial Asset, Past Due [Member] | Construction Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, Past Due [Member] | Residential 1-4 Family Real Estate, Personal Residence [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 4,426 | 4,878 | |
Financial Asset, Past Due [Member] | Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,716 | 1,769 | |
Financial Asset, Past Due [Member] | Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, Past Due [Member] | Home Equity Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 412 | 491 | |
Financial Asset, Past Due [Member] | Mortgage Warehouse Lines [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 220 | 206 | |
Financial Asset, Past Due [Member] | Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 8 | 26 | |
Financial Asset, Past Due [Member] | Bank Overdrafts [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, Not Past Due [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 3,063,049 | 2,749,873 | |
Financial Asset, Not Past Due [Member] | Commercial Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 511,297 | 363,937 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 120,144 | 150,350 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Owner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 189,318 | 189,755 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Owner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 162,045 | 143,287 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 145,739 | 128,450 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 51,508 | 59,043 | |
Financial Asset, Not Past Due [Member] | Multifamily [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 270,386 | 233,102 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Nonowner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 191,412 | 162,354 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Nonowner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 300,689 | 282,621 | |
Financial Asset, Not Past Due [Member] | Land and Land Improvements [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 103,299 | 99,798 | |
Financial Asset, Not Past Due [Member] | Construction Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 248,564 | 146,038 | |
Financial Asset, Not Past Due [Member] | Residential 1-4 Family Real Estate, Personal Residence [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 254,164 | 257,927 | |
Financial Asset, Not Past Due [Member] | Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 121,896 | 120,220 | |
Financial Asset, Not Past Due [Member] | Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 87,449 | 79,108 | |
Financial Asset, Not Past Due [Member] | Home Equity Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 72,344 | 71,621 | |
Financial Asset, Not Past Due [Member] | Mortgage Warehouse Lines [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 194,740 | 227,869 | |
Financial Asset, Not Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 34,896 | 31,717 | |
Financial Asset, Not Past Due [Member] | Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 2,024 | 1,865 | |
Financial Asset, Not Past Due [Member] | Bank Overdrafts [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | $ 1,135 | $ 811 | |
[1]Derived from audited consolidated financial statements |
Note 6 - Loans and Allowance _6
Note 6 - Loans and Allowance for Credit Losses on Loans - Schedule of Nonaccrual Loans Included in Net Balance of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Financing Receivable, Nonaccrual | $ 9,196 | $ 12,692 |
Financing Receivable, nonaccrual, No Allowance | 977 | 96 |
Commercial Loans [Member] | ||
Financing Receivable, Nonaccrual | 347 | 740 |
Financing Receivable, nonaccrual, No Allowance | 64 | 96 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||
Financing Receivable, Nonaccrual | 0 | 0 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Commercial Real Estate Owner Occupied, Retail [Member] | ||
Financing Receivable, Nonaccrual | 1,010 | 775 |
Financing Receivable, nonaccrual, No Allowance | 656 | 0 |
Commercial Real Estate Owner Occupied, Other [Member] | ||
Financing Receivable, Nonaccrual | 298 | 341 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | ||
Financing Receivable, Nonaccrual | 0 | 3,085 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | ||
Financing Receivable, Nonaccrual | 0 | 0 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Multifamily [Member] | ||
Financing Receivable, Nonaccrual | 112 | 55 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Financing Receivable, Nonaccrual | 440 | 338 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Commercial Real Estate Nonowner Occupied, Other [Member] | ||
Financing Receivable, Nonaccrual | 0 | 9 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Land and Land Improvements [Member] | ||
Financing Receivable, Nonaccrual | 902 | 1,560 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Construction Loans [Member] | ||
Financing Receivable, Nonaccrual | 0 | 0 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | ||
Financing Receivable, Nonaccrual | 3,479 | 2,504 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||
Financing Receivable, Nonaccrual | 2,437 | 3,094 |
Financing Receivable, nonaccrual, No Allowance | 257 | 0 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | ||
Financing Receivable, Nonaccrual | 0 | 0 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Home Equity Loan [Member] | ||
Financing Receivable, Nonaccrual | 167 | 174 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Nonaccrual | 0 | 0 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Nonaccrual | 4 | 17 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Credit Card Receivable [Member] | ||
Financing Receivable, Nonaccrual | 0 | 0 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Bank Overdrafts [Member] | ||
Financing Receivable, Nonaccrual | 0 | 0 |
Financing Receivable, nonaccrual, No Allowance | $ 0 | $ 0 |
Note 6 - Loans and Allowance _7
Note 6 - Loans and Allowance for Credit Losses on Loans - Financing Receivable, Troubled Debt Restructuring (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | |
Number of Contracts | 1 | 0 | 8 | 0 |
Pre-modification Recorded Investment | $ 41 | $ 0 | $ 509 | $ 0 |
Post-modification Recorded Investment | $ 41 | $ 0 | $ 509 | $ 0 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | ||||
Number of Contracts | 1 | 0 | 7 | 0 |
Pre-modification Recorded Investment | $ 41 | $ 0 | $ 377 | $ 0 |
Post-modification Recorded Investment | $ 41 | $ 0 | $ 377 | $ 0 |
Home Equity Loan [Member] | ||||
Number of Contracts | 1 | 0 | ||
Pre-modification Recorded Investment | $ 132 | $ 0 | ||
Post-modification Recorded Investment | $ 132 | $ 0 |
Note 6 - Loans and Allowance _8
Note 6 - Loans and Allowance for Credit Losses on Loans - Schedule of Defaults During Stated Period of Trouble Debt Restructurings (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | |
Number of Defaults | 10 | 0 | 10 | 0 |
Recorded Investment at Default Date | $ 653 | $ 0 | $ 653 | $ 0 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | ||||
Number of Defaults | 8 | 0 | 8 | 0 |
Recorded Investment at Default Date | $ 531 | $ 0 | $ 531 | $ 0 |
Home Equity Loan [Member] | ||||
Number of Defaults | 1 | 0 | 1 | 0 |
Recorded Investment at Default Date | $ 110 | $ 0 | $ 110 | $ 0 |
Consumer Loan [Member] | ||||
Number of Defaults | 1 | 0 | 1 | 0 |
Recorded Investment at Default Date | $ 12 | $ 0 | $ 12 | $ 0 |
Note 6 - Loans and Allowance _9
Note 6 - Loans and Allowance for Credit Losses on Loans - Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Financing Receivable, Year One | $ 564,202 | $ 753,426 |
Financing Receivable, Year Two | 749,929 | 437,302 |
Financing Receivable, Year Three | 383,744 | 317,200 |
Financing Receivable, Year Four | 244,045 | 152,634 |
Financing Receivable, Year Five | 133,910 | 122,813 |
Financing Receivable, prior | 489,365 | 486,942 |
Financing Receivable, revolving | 509,932 | 491,074 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 3,075,127 | 2,761,391 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||
Financing Receivable, Year One | 19,240 | 30,571 |
Financing Receivable, Year Two | 27,914 | 14,229 |
Financing Receivable, Year Three | 12,577 | 14,283 |
Financing Receivable, Year Four | 11,753 | 12,148 |
Financing Receivable, Year Five | 8,780 | 7,081 |
Financing Receivable, prior | 37,916 | 38,903 |
Financing Receivable, revolving | 5,432 | 4,774 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 123,612 | 121,989 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Pass [Member] | ||
Financing Receivable, Year One | 19,240 | 30,342 |
Financing Receivable, Year Two | 27,689 | 13,990 |
Financing Receivable, Year Three | 12,473 | 14,093 |
Financing Receivable, Year Four | 11,588 | 11,524 |
Financing Receivable, Year Five | 8,352 | 6,567 |
Financing Receivable, prior | 33,311 | 33,936 |
Financing Receivable, revolving | 5,281 | 4,630 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 117,934 | 115,082 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 0 | 229 |
Financing Receivable, Year Two | 225 | 107 |
Financing Receivable, Year Three | 104 | 57 |
Financing Receivable, Year Four | 0 | 250 |
Financing Receivable, Year Five | 0 | 1 |
Financing Receivable, prior | 1,225 | 1,579 |
Financing Receivable, revolving | 0 | 9 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 1,554 | 2,232 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 132 |
Financing Receivable, Year Three | 0 | 133 |
Financing Receivable, Year Four | 165 | 374 |
Financing Receivable, Year Five | 428 | 513 |
Financing Receivable, prior | 3,380 | 3,388 |
Financing Receivable, revolving | 151 | 135 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 4,124 | 4,675 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | ||
Financing Receivable, Year One | 32,185 | 1,736 |
Financing Receivable, Year Two | 1,706 | 6,143 |
Financing Receivable, Year Three | 5,954 | 69,575 |
Financing Receivable, Year Four | 69,248 | 15,949 |
Financing Receivable, Year Five | 15,462 | 6,953 |
Financing Receivable, prior | 21,129 | 20,563 |
Financing Receivable, revolving | 55 | 7,531 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 145,739 | 128,450 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Pass [Member] | ||
Financing Receivable, Year One | 32,185 | 1,736 |
Financing Receivable, Year Two | 1,706 | 3,313 |
Financing Receivable, Year Three | 3,223 | 32,634 |
Financing Receivable, Year Four | 32,911 | 15,949 |
Financing Receivable, Year Five | 15,462 | 6,953 |
Financing Receivable, prior | 20,899 | 20,308 |
Financing Receivable, revolving | 55 | 7,531 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 106,441 | 88,424 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 36,941 |
Financing Receivable, Year Four | 36,337 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 0 | 0 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 36,337 | 36,941 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 2,830 |
Financing Receivable, Year Three | 2,731 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 230 | 255 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 2,961 | 3,085 |
Commercial Loans [Member] | ||
Financing Receivable, Year One | 136,679 | 124,718 |
Financing Receivable, Year Two | 101,639 | 36,663 |
Financing Receivable, Year Three | 28,972 | 31,295 |
Financing Receivable, Year Four | 21,674 | 5,638 |
Financing Receivable, Year Five | 3,714 | 8,909 |
Financing Receivable, prior | 12,904 | 14,607 |
Financing Receivable, revolving | 207,189 | 143,471 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 512,771 | 365,301 |
Commercial Loans [Member] | Pass [Member] | ||
Financing Receivable, Year One | 135,917 | 123,890 |
Financing Receivable, Year Two | 101,025 | 36,339 |
Financing Receivable, Year Three | 28,697 | 31,116 |
Financing Receivable, Year Four | 21,553 | 5,549 |
Financing Receivable, Year Five | 3,672 | 8,831 |
Financing Receivable, prior | 12,748 | 14,061 |
Financing Receivable, revolving | 205,118 | 141,003 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 508,730 | 360,789 |
Commercial Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 708 | 693 |
Financing Receivable, Year Two | 527 | 279 |
Financing Receivable, Year Three | 272 | 69 |
Financing Receivable, Year Four | 57 | 41 |
Financing Receivable, Year Five | 13 | 60 |
Financing Receivable, prior | 154 | 539 |
Financing Receivable, revolving | 1,995 | 1,984 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 3,726 | 3,665 |
Commercial Loans [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 54 | 135 |
Financing Receivable, Year Two | 87 | 45 |
Financing Receivable, Year Three | 3 | 110 |
Financing Receivable, Year Four | 64 | 48 |
Financing Receivable, Year Five | 29 | 18 |
Financing Receivable, prior | 2 | 7 |
Financing Receivable, revolving | 76 | 484 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 315 | 847 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Financing Receivable, Year One | 43,750 | 52,533 |
Financing Receivable, Year Two | 52,890 | 42,177 |
Financing Receivable, Year Three | 40,028 | 20,763 |
Financing Receivable, Year Four | 13,547 | 7,653 |
Financing Receivable, Year Five | 7,148 | 6,778 |
Financing Receivable, prior | 27,349 | 26,268 |
Financing Receivable, revolving | 6,964 | 6,586 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 191,676 | 162,758 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Pass [Member] | ||
Financing Receivable, Year One | 43,750 | 52,533 |
Financing Receivable, Year Two | 52,890 | 42,177 |
Financing Receivable, Year Three | 40,028 | 20,763 |
Financing Receivable, Year Four | 5,719 | 7,653 |
Financing Receivable, Year Five | 7,148 | 6,778 |
Financing Receivable, prior | 25,925 | 24,958 |
Financing Receivable, revolving | 6,964 | 6,586 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 182,424 | 161,448 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 984 | 972 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 984 | 972 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 7,828 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 440 | 338 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 8,268 | 338 |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 0 | 0 |
Financing Receivable, revolving | 194,740 | 227,869 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 194,740 | 227,869 |
Mortgage Warehouse Lines [Member] | Pass [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 0 | 0 |
Financing Receivable, revolving | 194,740 | 227,869 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 194,740 | 227,869 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | ||
Financing Receivable, Year One | 20,848 | 34,558 |
Financing Receivable, Year Two | 33,504 | 14,069 |
Financing Receivable, Year Three | 11,246 | 5,971 |
Financing Receivable, Year Four | 3,649 | 5,283 |
Financing Receivable, Year Five | 3,972 | 2,790 |
Financing Receivable, prior | 12,907 | 15,359 |
Financing Receivable, revolving | 1,323 | 1,078 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 87,449 | 79,108 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | Pass [Member] | ||
Financing Receivable, Year One | 20,848 | 34,558 |
Financing Receivable, Year Two | 33,504 | 14,069 |
Financing Receivable, Year Three | 11,246 | 5,971 |
Financing Receivable, Year Four | 3,649 | 5,283 |
Financing Receivable, Year Five | 3,972 | 2,790 |
Financing Receivable, prior | 9,442 | 11,776 |
Financing Receivable, revolving | 1,323 | 1,078 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 83,984 | 75,525 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 27 | 29 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 27 | 29 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 3,438 | 3,554 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 3,438 | 3,554 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | ||
Financing Receivable, Year One | 2,474 | 13,294 |
Financing Receivable, Year Two | 13,419 | 7,641 |
Financing Receivable, Year Three | 7,786 | 9,218 |
Financing Receivable, Year Four | 3,890 | 14,209 |
Financing Receivable, Year Five | 13,159 | 4,506 |
Financing Receivable, prior | 10,590 | 10,156 |
Financing Receivable, revolving | 190 | 21 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 51,508 | 59,045 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | Pass [Member] | ||
Financing Receivable, Year One | 2,474 | 13,294 |
Financing Receivable, Year Two | 13,285 | 7,641 |
Financing Receivable, Year Three | 7,786 | 9,218 |
Financing Receivable, Year Four | 3,890 | 14,209 |
Financing Receivable, Year Five | 13,159 | 4,506 |
Financing Receivable, prior | 10,545 | 10,109 |
Financing Receivable, revolving | 190 | 21 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 51,329 | 58,998 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 134 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 45 | 47 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 179 | 47 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 0 | 0 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Year One | 16,011 | 15,237 |
Financing Receivable, Year Two | 9,622 | 6,810 |
Financing Receivable, Year Three | 3,848 | 4,694 |
Financing Receivable, Year Four | 2,288 | 1,844 |
Financing Receivable, Year Five | 924 | 630 |
Financing Receivable, prior | 1,525 | 1,766 |
Financing Receivable, revolving | 898 | 942 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 35,116 | 31,923 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Year One | 14,718 | 14,134 |
Financing Receivable, Year Two | 9,067 | 6,333 |
Financing Receivable, Year Three | 3,592 | 4,444 |
Financing Receivable, Year Four | 2,188 | 1,767 |
Financing Receivable, Year Five | 894 | 540 |
Financing Receivable, prior | 1,417 | 1,691 |
Financing Receivable, revolving | 860 | 902 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 32,736 | 29,811 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 1,059 | 904 |
Financing Receivable, Year Two | 469 | 381 |
Financing Receivable, Year Three | 218 | 210 |
Financing Receivable, Year Four | 98 | 66 |
Financing Receivable, Year Five | 26 | 87 |
Financing Receivable, prior | 108 | 53 |
Financing Receivable, revolving | 11 | 11 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 1,989 | 1,712 |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 234 | 199 |
Financing Receivable, Year Two | 86 | 96 |
Financing Receivable, Year Three | 38 | 40 |
Financing Receivable, Year Four | 2 | 11 |
Financing Receivable, Year Five | 4 | 3 |
Financing Receivable, prior | 0 | 22 |
Financing Receivable, revolving | 27 | 29 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 391 | 400 |
Commercial Real Estate Nonowner Occupied, Other [Member] | ||
Financing Receivable, Year One | 44,314 | 107,962 |
Financing Receivable, Year Two | 126,190 | 82,846 |
Financing Receivable, Year Three | 53,016 | 14,211 |
Financing Receivable, Year Four | 12,458 | 9,015 |
Financing Receivable, Year Five | 6,104 | 11,421 |
Financing Receivable, prior | 57,026 | 54,546 |
Financing Receivable, revolving | 1,581 | 2,620 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 300,689 | 282,621 |
Commercial Real Estate Nonowner Occupied, Other [Member] | Pass [Member] | ||
Financing Receivable, Year One | 44,314 | 107,962 |
Financing Receivable, Year Two | 126,190 | 82,846 |
Financing Receivable, Year Three | 53,016 | 14,211 |
Financing Receivable, Year Four | 12,458 | 8,443 |
Financing Receivable, Year Five | 5,540 | 11,421 |
Financing Receivable, prior | 54,192 | 51,587 |
Financing Receivable, revolving | 1,581 | 2,620 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 297,291 | 279,090 |
Commercial Real Estate Nonowner Occupied, Other [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 572 |
Financing Receivable, Year Five | 564 | 0 |
Financing Receivable, prior | 0 | 0 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 564 | 572 |
Commercial Real Estate Nonowner Occupied, Other [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 2,834 | 2,959 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 2,834 | 2,959 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||
Financing Receivable, Year One | 11,421 | 72,417 |
Financing Receivable, Year Two | 47,226 | 13,087 |
Financing Receivable, Year Three | 11,735 | 7,046 |
Financing Receivable, Year Four | 6,720 | 4,595 |
Financing Receivable, Year Five | 4,134 | 23,156 |
Financing Receivable, prior | 37,007 | 28,092 |
Financing Receivable, revolving | 2,237 | 2,366 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 120,480 | 150,759 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Pass [Member] | ||
Financing Receivable, Year One | 11,421 | 72,417 |
Financing Receivable, Year Two | 47,226 | 11,869 |
Financing Receivable, Year Three | 10,535 | 7,046 |
Financing Receivable, Year Four | 6,720 | 4,595 |
Financing Receivable, Year Five | 4,134 | 22,939 |
Financing Receivable, prior | 36,560 | 27,905 |
Financing Receivable, revolving | 2,237 | 2,366 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 118,833 | 149,137 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 1,146 |
Financing Receivable, Year Three | 1,128 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 237 | 187 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 1,365 | 1,333 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 72 |
Financing Receivable, Year Three | 72 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 217 |
Financing Receivable, prior | 210 | 0 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 282 | 289 |
Home Equity Line of Credit [Member] | ||
Financing Receivable, Year One | 66 | 27 |
Financing Receivable, Year Two | 416 | 115 |
Financing Receivable, Year Three | 30 | 11 |
Financing Receivable, Year Four | 29 | 50 |
Financing Receivable, Year Five | 109 | 78 |
Financing Receivable, prior | 1,574 | 1,881 |
Financing Receivable, revolving | 70,532 | 69,950 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 72,756 | 72,112 |
Home Equity Line of Credit [Member] | Pass [Member] | ||
Financing Receivable, Year One | 66 | 27 |
Financing Receivable, Year Two | 416 | 115 |
Financing Receivable, Year Three | 30 | 11 |
Financing Receivable, Year Four | 29 | 50 |
Financing Receivable, Year Five | 52 | 78 |
Financing Receivable, prior | 1,226 | 1,380 |
Financing Receivable, revolving | 68,910 | 68,293 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 70,729 | 69,954 |
Home Equity Line of Credit [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 48 | 94 |
Financing Receivable, revolving | 1,397 | 1,399 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 1,445 | 1,493 |
Home Equity Line of Credit [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 57 | 0 |
Financing Receivable, prior | 300 | 407 |
Financing Receivable, revolving | 225 | 258 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 582 | 665 |
Multifamily [Member] | ||
Financing Receivable, Year One | 54,139 | 55,367 |
Financing Receivable, Year Two | 59,080 | 39,687 |
Financing Receivable, Year Three | 49,879 | 45,016 |
Financing Receivable, Year Four | 29,671 | 23,665 |
Financing Receivable, Year Five | 21,515 | 14,629 |
Financing Receivable, prior | 55,248 | 51,252 |
Financing Receivable, revolving | 1,483 | 3,541 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 271,015 | 233,157 |
Multifamily [Member] | Pass [Member] | ||
Financing Receivable, Year One | 54,139 | 55,367 |
Financing Receivable, Year Two | 59,080 | 39,105 |
Financing Receivable, Year Three | 49,287 | 45,016 |
Financing Receivable, Year Four | 29,671 | 23,665 |
Financing Receivable, Year Five | 21,515 | 14,629 |
Financing Receivable, prior | 55,196 | 51,155 |
Financing Receivable, revolving | 1,483 | 3,372 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 270,371 | 232,309 |
Multifamily [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 582 |
Financing Receivable, Year Three | 592 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 0 | 43 |
Financing Receivable, revolving | 0 | 169 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 592 | 794 |
Multifamily [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 52 | 54 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 52 | 54 |
Credit Card Receivable [Member] | ||
Financing Receivable, Year One | 2,032 | 1,891 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 0 | 0 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 2,032 | 1,891 |
Credit Card Receivable [Member] | Pass [Member] | ||
Financing Receivable, Year One | 2,032 | 1,891 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 0 | 0 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 2,032 | 1,891 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Year One | 176,862 | 230,892 |
Financing Receivable, Year Two | 253,285 | 178,494 |
Financing Receivable, Year Three | 156,663 | 158,783 |
Financing Receivable, Year Four | 128,814 | 70,491 |
Financing Receivable, Year Five | 63,388 | 44,287 |
Financing Receivable, prior | 171,342 | 162,785 |
Financing Receivable, revolving | 10,273 | 20,299 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 960,627 | 866,031 |
Commercial Real Estate Owner Occupied, Retail [Member] | ||
Financing Receivable, Year One | 18,462 | 78,780 |
Financing Receivable, Year Two | 74,289 | 29,749 |
Financing Receivable, Year Three | 28,666 | 34,438 |
Financing Receivable, Year Four | 29,502 | 8,813 |
Financing Receivable, Year Five | 8,298 | 9,867 |
Financing Receivable, prior | 28,977 | 26,193 |
Financing Receivable, revolving | 2,002 | 2,464 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 190,196 | 190,304 |
Commercial Real Estate Owner Occupied, Retail [Member] | Pass [Member] | ||
Financing Receivable, Year One | 18,462 | 78,780 |
Financing Receivable, Year Two | 74,289 | 29,749 |
Financing Receivable, Year Three | 28,666 | 33,114 |
Financing Receivable, Year Four | 29,502 | 8,813 |
Financing Receivable, Year Five | 8,298 | 9,318 |
Financing Receivable, prior | 27,350 | 25,296 |
Financing Receivable, revolving | 2,002 | 2,464 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 188,569 | 187,534 |
Commercial Real Estate Owner Occupied, Retail [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 617 | 671 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 617 | 671 |
Commercial Real Estate Owner Occupied, Retail [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 1,324 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 549 |
Financing Receivable, prior | 1,010 | 226 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 1,010 | 2,099 |
Bank Overdrafts [Member] | ||
Financing Receivable, Year One | 1,135 | 811 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 0 | 0 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 1,135 | 811 |
Bank Overdrafts [Member] | Pass [Member] | ||
Financing Receivable, Year One | 1,135 | 811 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 0 | 0 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 1,135 | 811 |
Residential 1-4 Family Real Estate [Member] | ||
Financing Receivable, Year One | 67,821 | 104,793 |
Financing Receivable, Year Two | 100,419 | 63,375 |
Financing Receivable, Year Three | 54,273 | 39,898 |
Financing Receivable, Year Four | 32,455 | 37,174 |
Financing Receivable, Year Five | 30,929 | 25,536 |
Financing Receivable, prior | 179,223 | 189,436 |
Financing Receivable, revolving | 77,287 | 75,802 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 542,407 | 536,014 |
Land and Land Improvements [Member] | ||
Financing Receivable, Year One | 24,859 | 26,671 |
Financing Receivable, Year Two | 24,169 | 14,205 |
Financing Receivable, Year Three | 10,996 | 20,392 |
Financing Receivable, Year Four | 13,586 | 5,627 |
Financing Receivable, Year Five | 5,204 | 2,927 |
Financing Receivable, prior | 19,827 | 24,262 |
Financing Receivable, revolving | 5,796 | 6,721 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 104,437 | 100,805 |
Land and Land Improvements [Member] | Pass [Member] | ||
Financing Receivable, Year One | 24,859 | 26,671 |
Financing Receivable, Year Two | 24,169 | 14,050 |
Financing Receivable, Year Three | 10,740 | 20,275 |
Financing Receivable, Year Four | 13,475 | 5,627 |
Financing Receivable, Year Five | 5,204 | 2,927 |
Financing Receivable, prior | 17,576 | 21,875 |
Financing Receivable, revolving | 5,796 | 6,721 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 101,819 | 98,146 |
Land and Land Improvements [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 155 |
Financing Receivable, Year Three | 256 | 117 |
Financing Receivable, Year Four | 111 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 488 | 591 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 855 | 863 |
Land and Land Improvements [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 1,763 | 1,796 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 1,763 | 1,796 |
Other Financing Receivable [Member] | ||
Financing Receivable, Year One | 3,167 | 2,702 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 0 | 0 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 3,167 | 2,702 |
Commercial Real Estate Owner Occupied, Other [Member] | ||
Financing Receivable, Year One | 42,328 | 32,864 |
Financing Receivable, Year Two | 27,766 | 30,897 |
Financing Receivable, Year Three | 25,198 | 13,216 |
Financing Receivable, Year Four | 8,689 | 16,716 |
Financing Receivable, Year Five | 15,625 | 7,501 |
Financing Receivable, prior | 38,560 | 39,631 |
Financing Receivable, revolving | 4,456 | 2,820 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 162,622 | 143,645 |
Commercial Real Estate Owner Occupied, Other [Member] | Pass [Member] | ||
Financing Receivable, Year One | 42,328 | 32,805 |
Financing Receivable, Year Two | 27,709 | 30,897 |
Financing Receivable, Year Three | 25,198 | 13,216 |
Financing Receivable, Year Four | 8,689 | 16,716 |
Financing Receivable, Year Five | 15,512 | 7,501 |
Financing Receivable, prior | 37,715 | 38,796 |
Financing Receivable, revolving | 4,456 | 2,782 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 161,607 | 142,713 |
Commercial Real Estate Owner Occupied, Other [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 0 | 59 |
Financing Receivable, Year Two | 57 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 113 | 0 |
Financing Receivable, prior | 547 | 532 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 717 | 591 |
Commercial Real Estate Owner Occupied, Other [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 298 | 303 |
Financing Receivable, revolving | 0 | 38 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 298 | 341 |
Construction Loans [Member] | ||
Financing Receivable, Year One | 66,592 | 64,352 |
Financing Receivable, Year Two | 111,514 | 64,022 |
Financing Receivable, Year Three | 63,393 | 7,438 |
Financing Receivable, Year Four | 317 | 1,736 |
Financing Receivable, Year Five | 1,694 | 0 |
Financing Receivable, prior | 0 | 170 |
Financing Receivable, revolving | 5,054 | 8,320 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 248,564 | 146,038 |
Construction Loans [Member] | Pass [Member] | ||
Financing Receivable, Year One | 66,592 | 64,352 |
Financing Receivable, Year Two | 111,514 | 64,022 |
Financing Receivable, Year Three | 63,393 | 7,438 |
Financing Receivable, Year Four | 317 | 1,407 |
Financing Receivable, Year Five | 1,368 | 0 |
Financing Receivable, prior | 0 | 0 |
Financing Receivable, revolving | 5,054 | 8,320 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 248,238 | 145,539 |
Construction Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 0 | 0 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 0 | 0 |
Construction Loans [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 329 |
Financing Receivable, Year Five | 326 | 0 |
Financing Receivable, prior | 0 | 170 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 326 | 499 |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Year One | 72,211 | 184,061 |
Financing Receivable, Year Two | 149,281 | 73,733 |
Financing Receivable, Year Three | 65,599 | 54,700 |
Financing Receivable, Year Four | 44,911 | 30,124 |
Financing Receivable, Year Five | 28,057 | 40,524 |
Financing Receivable, prior | 104,544 | 93,916 |
Financing Receivable, revolving | 8,695 | 7,650 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 473,298 | 484,708 |
Construction and Development Financial Receivable [Member] | ||
Financing Receivable, Year One | 91,451 | 91,023 |
Financing Receivable, Year Two | 135,683 | 78,227 |
Financing Receivable, Year Three | 74,389 | 27,830 |
Financing Receivable, Year Four | 13,903 | 7,363 |
Financing Receivable, Year Five | 6,898 | 2,927 |
Financing Receivable, prior | 19,827 | 24,432 |
Financing Receivable, revolving | 10,850 | 15,041 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 353,001 | 246,843 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | ||
Financing Receivable, Year One | 27,667 | 39,637 |
Financing Receivable, Year Two | 38,585 | 34,962 |
Financing Receivable, Year Three | 30,420 | 19,633 |
Financing Receivable, Year Four | 17,024 | 19,693 |
Financing Receivable, Year Five | 18,068 | 15,587 |
Financing Receivable, prior | 126,826 | 133,293 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 258,590 | 262,805 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Pass [Member] | ||
Financing Receivable, Year One | 27,666 | 39,637 |
Financing Receivable, Year Two | 38,585 | 34,962 |
Financing Receivable, Year Three | 30,420 | 18,974 |
Financing Receivable, Year Four | 16,218 | 18,784 |
Financing Receivable, Year Five | 17,191 | 14,597 |
Financing Receivable, prior | 109,624 | 115,384 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 239,704 | 242,338 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 1 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 184 |
Financing Receivable, Year Four | 180 | 62 |
Financing Receivable, Year Five | 61 | 534 |
Financing Receivable, prior | 9,357 | 10,377 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 9,599 | 11,157 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 475 |
Financing Receivable, Year Four | 626 | 847 |
Financing Receivable, Year Five | 816 | 456 |
Financing Receivable, prior | 7,845 | 7,532 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | $ 9,287 | $ 9,310 |
Note 6 - Loans and Allowance_10
Note 6 - Loans and Allowance for Credit Losses on Loans - Allowance for Credit Loss (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | |
Financing Receivable, Allowance for Credit Loss | $ 35,063 | $ 33,885 | $ 32,298 | $ 32,246 | $ 32,246 |
Financing Receivable, Provision for Credit Losses loans | 1,695 | (1,200) | 5,128 | 830 | 915 |
Financing Receivable, Charge offs | (265) | (528) | (1,189) | (1,224) | (1,507) |
Financing Receivable, Recoveries | 257 | 158 | 513 | 463 | 553 |
Financing Receivable, Adjustment | 91 | 91 | 91 | ||
Financing Receivable, Allowance for Credit Loss | 36,750 | 32,406 | 36,750 | 32,406 | 32,298 |
Commercial Loans [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 4,545 | 2,709 | 3,218 | 2,304 | 2,304 |
Financing Receivable, Provision for Credit Losses loans | 531 | 46 | 1,990 | 655 | 1,112 |
Financing Receivable, Charge offs | (35) | 0 | (237) | (222) | (222) |
Financing Receivable, Recoveries | 77 | 4 | 147 | 22 | 24 |
Financing Receivable, Adjustment | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 5,118 | 2,759 | 5,118 | 2,759 | 3,218 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 1,180 | 986 | 1,092 | 954 | 954 |
Financing Receivable, Provision for Credit Losses loans | (231) | (46) | (143) | (11) | 71 |
Financing Receivable, Charge offs | 0 | 0 | 0 | (3) | (4) |
Financing Receivable, Recoveries | 0 | 0 | 0 | 0 | 0 |
Financing Receivable, Adjustment | 71 | 71 | 71 | ||
Financing Receivable, Allowance for Credit Loss | 949 | 1,011 | 949 | 1,011 | 1,092 |
Commercial Real Estate Owner Occupied, Retail [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 1,597 | 3,519 | 1,362 | 3,173 | 3,173 |
Financing Receivable, Provision for Credit Losses loans | 82 | (1,791) | 316 | (1,446) | (1,812) |
Financing Receivable, Charge offs | (108) | 0 | (108) | 0 | 0 |
Financing Receivable, Recoveries | 0 | 0 | 1 | 1 | 1 |
Financing Receivable, Adjustment | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 1,571 | 1,728 | 1,571 | 1,728 | 1,362 |
Commercial Real Estate Owner Occupied, Other [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 457 | 556 | 575 | 610 | 610 |
Financing Receivable, Provision for Credit Losses loans | (4) | 46 | (122) | (8) | (35) |
Financing Receivable, Charge offs | 0 | 0 | 0 | 0 | 0 |
Financing Receivable, Recoveries | 0 | 0 | 0 | 0 | 0 |
Financing Receivable, Adjustment | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 453 | 602 | 453 | 602 | 575 |
Commercial Real Estate Nonowner Occupied Hotels and Motel [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 1,159 | 2,569 | 2,532 | 2,135 | 2,135 |
Financing Receivable, Provision for Credit Losses loans | 93 | 29 | (1,280) | 463 | 397 |
Financing Receivable, Charge offs | 0 | 0 | 0 | 0 | 0 |
Financing Receivable, Recoveries | 0 | 0 | 0 | 0 | 0 |
Financing Receivable, Adjustment | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 1,252 | 2,598 | 1,252 | 2,598 | 2,532 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 97 | 157 | 133 | 337 | 337 |
Financing Receivable, Provision for Credit Losses loans | (11) | 19 | (47) | (161) | (204) |
Financing Receivable, Charge offs | 0 | 0 | 0 | 0 | 0 |
Financing Receivable, Recoveries | 0 | 0 | 0 | 0 | 0 |
Financing Receivable, Adjustment | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 86 | 176 | 86 | 176 | 133 |
Multifamily [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 2,330 | 1,637 | 1,821 | 1,547 | 1,547 |
Financing Receivable, Provision for Credit Losses loans | (118) | 457 | 387 | 544 | 265 |
Financing Receivable, Charge offs | 0 | (233) | 0 | (233) | 0 |
Financing Receivable, Recoveries | 0 | 4 | 4 | 7 | 9 |
Financing Receivable, Adjustment | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 2,212 | 1,865 | 2,212 | 1,865 | 1,821 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 1,891 | 1,471 | 1,074 | 981 | 981 |
Financing Receivable, Provision for Credit Losses loans | (560) | 107 | 254 | 597 | 93 |
Financing Receivable, Charge offs | 0 | 0 | 0 | 0 | 0 |
Financing Receivable, Recoveries | 52 | 0 | 55 | 0 | 0 |
Financing Receivable, Adjustment | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 1,383 | 1,578 | 1,383 | 1,578 | 1,074 |
Commercial Real Estate Nonowner Occupied, Other [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 2,103 | 1,425 | 1,820 | 1,104 | 1,104 |
Financing Receivable, Provision for Credit Losses loans | 48 | 330 | 325 | 651 | 947 |
Financing Receivable, Charge offs | 0 | 0 | 0 | 0 | (233) |
Financing Receivable, Recoveries | 30 | 0 | 36 | 0 | 2 |
Financing Receivable, Adjustment | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 2,181 | 1,755 | 2,181 | 1,755 | 1,820 |
Land and Land Improvements [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 3,600 | 3,705 | 3,468 | 4,084 | 4,084 |
Financing Receivable, Provision for Credit Losses loans | (95) | (166) | 104 | (552) | (628) |
Financing Receivable, Charge offs | 0 | 0 | (72) | 0 | 0 |
Financing Receivable, Recoveries | 2 | 2 | 7 | 9 | 12 |
Financing Receivable, Adjustment | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 3,507 | 3,541 | 3,507 | 3,541 | 3,468 |
Construction Loans [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 8,208 | 6,217 | 6,346 | 4,648 | 4,648 |
Financing Receivable, Provision for Credit Losses loans | 1,644 | (241) | 3,506 | 1,328 | 1,698 |
Financing Receivable, Charge offs | 0 | 0 | 0 | 0 | 0 |
Financing Receivable, Recoveries | 0 | 0 | 0 | 0 | 0 |
Financing Receivable, Adjustment | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 9,852 | 5,976 | 9,852 | 5,976 | 6,346 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 2,669 | 3,050 | 2,765 | 3,559 | 3,559 |
Financing Receivable, Provision for Credit Losses loans | 4 | (31) | (38) | (515) | (548) |
Financing Receivable, Charge offs | (21) | (189) | (105) | (298) | (365) |
Financing Receivable, Recoveries | 13 | 21 | 43 | 105 | 119 |
Financing Receivable, Adjustment | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 2,665 | 2,851 | 2,665 | 2,851 | 2,765 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 2,097 | 2,546 | 2,834 | 2,736 | 2,736 |
Financing Receivable, Provision for Credit Losses loans | (124) | 143 | (683) | 13 | 177 |
Financing Receivable, Charge offs | (4) | 0 | (196) | (89) | (189) |
Financing Receivable, Recoveries | 12 | 48 | 26 | 77 | 90 |
Financing Receivable, Adjustment | 20 | 20 | 20 | ||
Financing Receivable, Allowance for Credit Loss | 1,981 | 2,757 | 1,981 | 2,757 | 2,834 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 2,181 | 2,431 | 2,374 | 3,007 | 3,007 |
Financing Receivable, Provision for Credit Losses loans | 442 | (144) | 249 | (720) | (633) |
Financing Receivable, Charge offs | 0 | 0 | 0 | 0 | 0 |
Financing Receivable, Recoveries | 0 | 0 | 0 | 0 | 0 |
Financing Receivable, Adjustment | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 2,623 | 2,287 | 2,623 | 2,287 | 2,374 |
Home Equity Line of Credit [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 399 | 551 | 497 | 713 | 713 |
Financing Receivable, Provision for Credit Losses loans | 17 | (15) | (82) | (161) | (206) |
Financing Receivable, Charge offs | 0 | 0 | (8) | (26) | (26) |
Financing Receivable, Recoveries | 11 | 3 | 20 | 13 | 16 |
Financing Receivable, Adjustment | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 427 | 539 | 427 | 539 | 497 |
Mortgage Warehouse Lines [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 0 | 0 | 0 | 0 | 0 |
Financing Receivable, Provision for Credit Losses loans | 0 | 0 | 0 | 0 | 0 |
Financing Receivable, Charge offs | 0 | 0 | 0 | 0 | 0 |
Financing Receivable, Recoveries | 0 | 0 | 0 | 0 | 0 |
Financing Receivable, Adjustment | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 0 | 0 | 0 | 0 | 0 |
Consumer Portfolio Segment [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 254 | 172 | 163 | 216 | 216 |
Financing Receivable, Provision for Credit Losses loans | (61) | (5) | 55 | (39) | (44) |
Financing Receivable, Charge offs | (47) | (24) | (121) | (100) | (131) |
Financing Receivable, Recoveries | 30 | 26 | 79 | 92 | 122 |
Financing Receivable, Adjustment | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 176 | 169 | 176 | 169 | 163 |
Credit Card Receivable [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 17 | 16 | 17 | 17 | 17 |
Financing Receivable, Provision for Credit Losses loans | (7) | 4 | 9 | 11 | 10 |
Financing Receivable, Charge offs | (6) | (4) | (24) | (16) | (16) |
Financing Receivable, Recoveries | 13 | 1 | 15 | 5 | 6 |
Financing Receivable, Adjustment | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 17 | 17 | 17 | 17 | 17 |
Bank Overdrafts [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 279 | 168 | 207 | 121 | 121 |
Financing Receivable, Provision for Credit Losses loans | 45 | 58 | 328 | 181 | 255 |
Financing Receivable, Charge offs | (44) | (78) | (318) | (237) | (321) |
Financing Receivable, Recoveries | 17 | 49 | 80 | 132 | 152 |
Financing Receivable, Adjustment | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | $ 297 | $ 197 | $ 297 | $ 197 | $ 207 |
Note 6 - Loans and Allowance_11
Note 6 - Loans and Allowance for Credit Losses on Loans - Impaired Financing Receivables (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Dec. 31, 2020 | |
Financing Receivable, Loans Individually Evaluated | $ 32,187 | $ 27,523 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 3,042,940 | 2,733,868 | ||||
Financing Receivable, Total | 3,075,127 | 2,761,391 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 1,415 | 2,096 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 35,335 | 30,202 | |||||
Allowance for Credit Losses, Total | 36,750 | $ 35,063 | 32,298 | $ 32,406 | $ 33,885 | $ 32,246 | |
Commercial Loans [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 123 | 177 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 512,648 | 365,124 | ||||
Financing Receivable, Total | 512,771 | 365,301 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 5,118 | 3,218 | |||||
Allowance for Credit Losses, Total | 5,118 | 4,545 | 3,218 | 2,759 | 2,709 | 2,304 | |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 1,998 | 2,073 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 118,482 | 148,686 | ||||
Financing Receivable, Total | 120,480 | 150,759 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 222 | 199 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 727 | 893 | |||||
Allowance for Credit Losses, Total | 949 | 1,180 | 1,092 | 1,011 | 986 | 954 | |
Commercial Real Estate Owner Occupied, Retail [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 5,227 | 5,559 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 184,969 | 184,745 | ||||
Financing Receivable, Total | 190,196 | 190,304 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 1,571 | 1,362 | |||||
Allowance for Credit Losses, Total | 1,571 | 1,597 | 1,362 | 1,728 | 3,519 | 3,173 | |
Commercial Real Estate Owner Occupied, Other [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 162,622 | 143,645 | ||||
Financing Receivable, Total | 162,622 | 143,645 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 453 | 575 | |||||
Allowance for Credit Losses, Total | 453 | 457 | 575 | 602 | 556 | 610 | |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 2,962 | 3,085 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 142,777 | 125,365 | ||||
Financing Receivable, Total | 145,739 | 128,450 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 669 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 1,252 | 1,863 | |||||
Allowance for Credit Losses, Total | 1,252 | 2,532 | |||||
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 0 | 1,058 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 51,508 | 57,987 | ||||
Financing Receivable, Total | 51,508 | 59,045 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 86 | 133 | |||||
Allowance for Credit Losses, Total | 86 | 97 | 133 | 176 | 157 | 337 | |
Multifamily [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 271,015 | 233,157 | ||||
Financing Receivable, Total | 271,015 | 233,157 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 2,212 | 1,821 | |||||
Allowance for Credit Losses, Total | 2,212 | 2,330 | 1,821 | 1,865 | 1,637 | 1,547 | |
Commercial Real Estate Nonowner Occupied, Retail [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 9,978 | 2,693 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 181,698 | 160,065 | ||||
Financing Receivable, Total | 191,676 | 162,758 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 97 | 0 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 1,286 | 1,074 | |||||
Allowance for Credit Losses, Total | 1,383 | 1,891 | 1,074 | 1,578 | 1,471 | 981 | |
Commercial Real Estate Nonowner Occupied, Other [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 5,526 | 5,726 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 295,163 | 276,895 | ||||
Financing Receivable, Total | 300,689 | 282,621 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 292 | 69 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 1,889 | 1,751 | |||||
Allowance for Credit Losses, Total | 2,181 | 2,103 | 1,820 | 1,755 | 1,425 | 1,104 | |
Land and Land Improvements [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 1,428 | 2,004 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 103,009 | 98,801 | ||||
Financing Receivable, Total | 104,437 | 100,805 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 520 | 723 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 2,987 | 2,745 | |||||
Allowance for Credit Losses, Total | 3,507 | 3,600 | 3,468 | 3,541 | 3,705 | 4,084 | |
Construction Loans [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 248,564 | 146,038 | ||||
Financing Receivable, Total | 248,564 | 146,038 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 9,852 | 6,346 | |||||
Allowance for Credit Losses, Total | 9,852 | 8,208 | 6,346 | 5,976 | 6,217 | 4,648 | |
Residential 1-4 Family Real Estate, Personal Residence [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 258,590 | 262,805 | ||||
Financing Receivable, Total | 258,590 | 262,805 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 2,665 | 2,765 | |||||
Allowance for Credit Losses, Total | 2,665 | 2,669 | 2,765 | 2,851 | 3,050 | 3,559 | |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 1,412 | 1,463 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 122,200 | 120,526 | ||||
Financing Receivable, Total | 123,612 | 121,989 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 284 | 436 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 1,697 | 2,398 | |||||
Allowance for Credit Losses, Total | 1,981 | 2,097 | 2,834 | 2,757 | 2,546 | 2,736 | |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 3,061 | 3,162 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 84,388 | 75,946 | ||||
Financing Receivable, Total | 87,449 | 79,108 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 2,623 | 2,374 | |||||
Allowance for Credit Losses, Total | 2,623 | 2,181 | 2,374 | 2,287 | 2,431 | 3,007 | |
Home Equity Loan [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 472 | 523 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 72,284 | 71,589 | ||||
Financing Receivable, Total | 72,756 | 72,112 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 427 | 497 | |||||
Allowance for Credit Losses, Total | 427 | 497 | |||||
Mortgage Warehouse Lines [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 194,740 | 227,869 | ||||
Financing Receivable, Total | 194,740 | 227,869 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 0 | 0 | |||||
Allowance for Credit Losses, Total | 0 | 0 | 0 | 0 | 0 | 0 | |
Consumer Portfolio Segment [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 35,116 | 31,923 | ||||
Financing Receivable, Total | 35,116 | 31,923 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 176 | 163 | |||||
Allowance for Credit Losses, Total | 176 | 254 | 163 | 169 | 172 | 216 | |
Credit Card Receivable [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 2,032 | 1,891 | ||||
Financing Receivable, Total | 2,032 | 1,891 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 17 | 17 | |||||
Allowance for Credit Losses, Total | 17 | 17 | 17 | 17 | 16 | 17 | |
Bank Overdrafts [Member] | |||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | |||||
Financing Receivable, Loans Collectively Evaluated | [1] | 1,135 | 811 | ||||
Financing Receivable, Total | 1,135 | 811 | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | |||||
Allowance for Credit Losses, Loans Collectively Evaluated | 297 | 207 | |||||
Allowance for Credit Losses, Total | $ 297 | $ 279 | $ 207 | $ 197 | $ 168 | $ 121 | |
[1]Included in the loans collectively evaluated are $9.7 million in fully guaranteed or cash secured loans, which are excluded from the pools collectively evaluated and carry no allowance. |
Note 6 - Loans and Allowance_12
Note 6 - Loans and Allowance for Credit Losses on Loans - Collateral Dependent Financing Receivables (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Financing Receivable, Loans Individually Evaluated | $ 32,187 | $ 27,523 |
Allowance for Credit Losses, Loans Individually Evaluated | 1,415 | 2,096 |
Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 32,064 | 27,346 |
Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 123 | 177 |
Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 32,187 | 27,523 |
Allowance for Credit Losses, Loans Individually Evaluated | 1,415 | 2,096 |
Commercial Loans [Member] | ||
Financing Receivable, Loans Individually Evaluated | 123 | 177 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Commercial Loans [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Commercial Loans [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 123 | 177 |
Commercial Loans [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 123 | 177 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||
Financing Receivable, Loans Individually Evaluated | 1,998 | 2,073 |
Allowance for Credit Losses, Loans Individually Evaluated | 222 | 199 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 1,998 | 2,073 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 1,998 | 2,073 |
Allowance for Credit Losses, Loans Individually Evaluated | 222 | 199 |
Commercial Real Estate Owner Occupied, Retail [Member] | ||
Financing Receivable, Loans Individually Evaluated | 5,227 | 5,559 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Commercial Real Estate Owner Occupied, Retail [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 5,227 | 5,559 |
Commercial Real Estate Owner Occupied, Retail [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Commercial Real Estate Owner Occupied, Retail [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 5,227 | 5,559 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Commercial Real Estate Owner Occupied, Other [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Commercial Real Estate Owner Occupied, Other [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Commercial Real Estate Owner Occupied, Other [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Commercial Real Estate Owner Occupied, Other [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | ||
Financing Receivable, Loans Individually Evaluated | 2,962 | 3,085 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 669 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 2,962 | 3,085 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 2,962 | 3,085 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 669 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 1,058 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 1,058 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 1,058 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Multifamily [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Multifamily [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Multifamily [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Multifamily [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Financing Receivable, Loans Individually Evaluated | 9,978 | 2,693 |
Allowance for Credit Losses, Loans Individually Evaluated | 97 | 0 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 9,978 | 2,693 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 9,978 | 2,693 |
Allowance for Credit Losses, Loans Individually Evaluated | 97 | 0 |
Commercial Real Estate Nonowner Occupied, Other [Member] | ||
Financing Receivable, Loans Individually Evaluated | 5,526 | 5,726 |
Allowance for Credit Losses, Loans Individually Evaluated | 292 | 69 |
Commercial Real Estate Nonowner Occupied, Other [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 5,526 | 5,726 |
Commercial Real Estate Nonowner Occupied, Other [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Commercial Real Estate Nonowner Occupied, Other [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 5,526 | 5,726 |
Allowance for Credit Losses, Loans Individually Evaluated | 292 | 69 |
Land and Land Improvements [Member] | ||
Financing Receivable, Loans Individually Evaluated | 1,428 | 2,004 |
Allowance for Credit Losses, Loans Individually Evaluated | 520 | 723 |
Land and Land Improvements [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 1,428 | 2,004 |
Land and Land Improvements [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Land and Land Improvements [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 1,428 | 2,004 |
Allowance for Credit Losses, Loans Individually Evaluated | 520 | 723 |
Construction Loans [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Construction Loans [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Construction Loans [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Construction Loans [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||
Financing Receivable, Loans Individually Evaluated | 1,412 | 1,463 |
Allowance for Credit Losses, Loans Individually Evaluated | 284 | 436 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 1,412 | 1,463 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 1,412 | 1,463 |
Allowance for Credit Losses, Loans Individually Evaluated | 284 | 436 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | ||
Financing Receivable, Loans Individually Evaluated | 3,061 | 3,162 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 3,061 | 3,162 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 3,061 | 3,162 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Home Equity Loan [Member] | ||
Financing Receivable, Loans Individually Evaluated | 472 | 523 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Home Equity Loan [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 472 | 523 |
Home Equity Loan [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Home Equity Loan [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 472 | 523 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Consumer Portfolio Segment [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Consumer Portfolio Segment [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Consumer Portfolio Segment [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Credit Card Receivable [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Credit Card Receivable [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Credit Card Receivable [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Credit Card Receivable [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Bank Overdrafts [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 |
Bank Overdrafts [Member] | Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Bank Overdrafts [Member] | Non Real Estate [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Bank Overdrafts [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Loans Individually Evaluated | 0 | 0 |
Allowance for Credit Losses, Loans Individually Evaluated | $ 0 | $ 0 |
Note 7 - Goodwill and Other I_3
Note 7 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Amortization of Intangible Assets | $ 354,000 | $ 390,000 | $ 1,088,000 | $ 1,176,000 |
Note 7 - Goodwill and Other I_4
Note 7 - Goodwill and Other Intangible Assets - Schedule of Goodwill (Details) $ in Thousands | 9 Months Ended |
Sep. 30, 2022 USD ($) | |
Balance, Goodwill | $ 55,347 |
Reclassifications from goodwill | 0 |
Acquired goodwill | 0 |
Balance, Goodwill | $ 55,347 |
Note 7 - Goodwill and Other I_5
Note 7 - Goodwill and Other Intangible Assets - Intangible Assets (Details) - Other Intangible Assets [Member] - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Finite-Lived Intangible Assets, Gross carrying amount | $ 15,827 | $ 15,828 |
Finite-Lived Intangible Assets, Less: accumulated amortization | 8,672 | 7,585 |
Finite-Lived Intangible Assets, Net carrying amount | $ 7,155 | $ 8,243 |
Note 7 - Goodwill and Other I_6
Note 7 - Goodwill and Other Intangible Assets - Amortization of Identifiable Intangible Assets (Details) - Core Deposits [Member] $ in Thousands | Sep. 30, 2022 USD ($) |
Finite-Lived Intangible Asset, Expected Amortization,Three month period ending December 31, 2022 | $ 353 |
Finite-Lived Intangible Asset, Expected Amortization, Year ending December 31, 2023 | 1,299 |
Finite-Lived Intangible Asset, Expected Amortization, Year ending December 31, 2024 | 1,158 |
Finite-Lived Intangible Asset, Expected Amortization, Year ending December 31, 2025 | 1,019 |
Finite-Lived Intangible Asset, Expected Amortization, Year ending December 31, 2026 | 878 |
Finite-Lived Intangible Asset, Expected Amortization, Thereafter | $ 2,378 |
Note 8 - Deposits (Details Text
Note 8 - Deposits (Details Textual) - USD ($) $ in Millions | Sep. 30, 2022 | Dec. 31, 2021 |
Deposits, Wholesale | $ 32.8 | $ 14.7 |
Time Deposits, at or Above FDIC Insurance Limit | $ 97.9 | $ 98.9 |
Note 8 - Deposits - Deposit Lia
Note 8 - Deposits - Deposit Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 | |
Demand deposits, interest bearing | $ 1,475,643 | $ 1,127,298 | |
Savings deposits | 582,922 | 698,156 | |
Time deposits | 430,440 | 548,649 | |
Total | $ 2,489,005 | $ 2,374,103 | [1] |
[1]Derived from audited consolidated financial statements |
Note 8 - Deposits - Time Deposi
Note 8 - Deposits - Time Deposit Maturities (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Time Deposit Maturities,Three month period ending December 31, 2022 | $ 115,414 | |
Time Deposit Maturities,Year ending December 31, 2023 | 188,640 | |
Time Deposit Maturities,Year ending December 31, 2024 | 64,031 | |
Time Deposit Maturities,Year ending December 31, 2025 | 33,637 | |
Time Deposit Maturities,Year ending December 31, 2026 | 15,051 | |
Time Deposit Maturities,Thereafter | 13,667 | |
Time Deposit Maturities,Total | $ 430,440 | $ 548,649 |
Note 9 - Borrowed Funds (Detail
Note 9 - Borrowed Funds (Details Textual) | 3 Months Ended | 9 Months Ended | |||
Dec. 31, 2021 USD ($) | Sep. 30, 2020 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2020 USD ($) | ||
Federal Funds Purchased | $ 146,000 | $ 148,000 | |||
Long-Term Debt, Total | 679,000 | 663,000 | |||
Subordinated Debt, Ending Balance | 102,891,000 | [1] | 103,175,000 | ||
Number of Statutory Business Trusts | 3 | ||||
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust, Total | 19,589,000 | [1] | $ 19,589,000 | ||
Trust Preferred Securities Limited to Tier One Capital Elements Net of Goodwill | 25% | ||||
Issued Fourth Quarter2021 [Member] | |||||
Debt Instrument, Face Amount | 75,000,000 | ||||
Debt Issuance Costs, Net, Total | 1,740,000 | ||||
Subordinated Debt, Ending Balance | $ 73,400,000 | $ 73,600,000 | |||
Number of Maturity Years Remaining to Qualify as Tier2 Capital | 5 | ||||
Percent Reduction Each Year to Tier 2 Capital Until Subordinated Debt Maturity Date | 20% | ||||
Subordinated Borrowing, Interest Rate | 3.25% | ||||
Debt Instrument, Term (Year) | 10 years | ||||
Number of Years Subordinated Debt Not Pre Payable (Year) | 5 years | ||||
Issued Fourth Quarter2021 [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 2.30% | ||||
Issued Third Quarter 2020 [Member] | |||||
Debt Instrument, Face Amount | $ 30,000,000 | $ 30,000,000 | |||
Debt Issuance Costs, Net, Total | $ 681,000 | $ 681,000 | |||
Subordinated Debt, Ending Balance | $ 29,500,000 | $ 29,600,000 | |||
Number of Maturity Years Remaining to Qualify as Tier2 Capital | 5 | ||||
Percent Reduction Each Year to Tier 2 Capital Until Subordinated Debt Maturity Date | 20% | ||||
Subordinated Borrowing, Interest Rate | 5% | ||||
Debt Instrument, Term (Year) | 10 years | ||||
Number of Years Subordinated Debt Not Pre Payable (Year) | 5 years | ||||
Issued Third Quarter 2020 [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 4.87% | ||||
Federal Home Loan Bank Advances [Member] | |||||
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 5.34% | 5.34% | |||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 1,810,000,000 | ||||
[1]Derived from audited consolidated financial statements |
Note 9 - Borrowed Funds - Sched
Note 9 - Borrowed Funds - Schedule of Short-term Debt (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | ||
Short-term borrowings | $ 273,148 | $ 140,146 | [1] | |
Federal Home Loan Bank Advances [Member] | ||||
Short-term borrowings | 273,000 | $ 140,000 | 140,000 | |
Average balance outstanding for the period | 179,667 | 140,000 | 140,000 | |
Maximum balance outstanding at any month end during period | $ 291,300 | $ 140,000 | $ 140,000 | |
Weighted average interest rate for the period | 1.48% | 0.34% | 0.33% | |
Weighted average interest rate for balances outstanding at September 30 | 3.06% | 0.32% | 0.26% | |
[1]Derived from audited consolidated financial statements |
Note 9 - Borrowed Funds - Sch_2
Note 9 - Borrowed Funds - Schedule of Maturities of Long-term Debt (Details) - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
Long-Term Debt, Total | $ 663,000 | $ 679,000 |
Long-Term Debt [Member] | ||
2022 | 5,000 | |
2023 | 22,000 | |
2024 | 23,000 | |
2025 | 24,000 | |
2026 | 589,000 | |
Thereafter | 0 | |
Long-Term Debt, Total | 663,000 | |
Subordinated Debt [Member] | ||
2022 | 0 | |
2023 | 0 | |
2024 | 0 | |
2025 | 0 | |
2026 | 0 | |
Thereafter | 105,000,000 | |
Long-Term Debt, Total | 105,000,000 | |
Subordinated Debentures Owed To Unconsolidated Subsidiary Trusts [Member] | ||
2022 | 0 | |
2023 | 0 | |
2024 | 0 | |
2025 | 0 | |
2026 | 0 | |
Thereafter | 19,589,000 | |
Long-Term Debt, Total | $ 19,589,000 |
Note 10 - Share-based Compens_3
Note 10 - Share-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | |
Share-Based Payment Arrangement, Expense | $ 469 | $ 448 | ||
Share-Based Payment Arrangement, Expense, Tax Benefit | 113 | $ 108 | ||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 1.7 | |||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 2 years 1 month 13 days | |||
Restricted Stock Units (RSUs) [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 0 | 0 | ||
The 2014 Long-term Incentive Plan [Member] | Stock Appreciation Rights (SARs) [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 0 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 54,947 | 122,542 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 8.97 | $ 8.40 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 7 years | 5 years | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year) | 10 years | 10 years | ||
The 2014 Long-term Incentive Plan [Member] | Stock Appreciation Rights (SARs) [Member] | Vesting Per Year [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage | 14.30% | 20% | ||
The 2014 Long-term Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member] | Minimum [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 3 years | |||
The 2014 Long-term Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member] | Maximum [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 5 years |
Note 10 - Share-based Compens_4
Note 10 - Share-based Compensation - Valuation Assumptions (Details) | 12 Months Ended |
Dec. 31, 2021 | |
The 7 Year Vesting Stock Appreciation Rights [Member] | |
Risk-free interest rate | 1.06% |
Expected dividend yield | 3% |
Expected common stock volatility | 55.59% |
Expected life (in years) (Year) | 7 years |
The 5 Year Vesting Stock Appreciation Rights [Member] | |
Risk-free interest rate | 0.74% |
Expected dividend yield | 3% |
Expected common stock volatility | 55.59% |
Expected life (in years) (Year) | 5 years 6 months |
Note 10 - Share-based Compens_5
Note 10 - Share-based Compensation - Summary of Activity In Stock Option Plans (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Exercised, shares (in shares) | (5,000) | ||
Employee Stock Option and Stock Appreciation Rights [Member] | |||
Outstanding, shares (in shares) | 491,792 | 329,203 | |
Outstanding, Weighted- Average Exercise Price (in dollars per share) | $ 21.32 | $ 20.47 | |
Granted, shares (in shares) | 0 | 177,489 | |
Granted, Weighted- Average Exercise Price (in dollars per share) | $ 0 | $ 21.85 | |
Exercised, shares (in shares) | (14,996) | (5,800) | |
Exercised, Weighted- Average Exercise Price (in dollars per share) | $ 19.46 | $ 3.85 | |
Forfeited, shares (in shares) | 0 | 0 | |
Forfeited, Weighted- Average Exercise Price (in dollars per share) | $ 0 | $ 0 | |
Expired, shares (in shares) | 0 | 0 | |
Expired, Weighted- Average Exercise Price (in dollars per share) | $ 0 | $ 0 | |
Outstanding, shares (in shares) | 500,892 | 476,796 | 500,892 |
Outstanding, Aggregate Intrinsic Value | $ 1,808 | $ 2,651 | $ 1,808 |
Outstanding, Remaining Contractual Term (Year) | 6 years 2 months 26 days | 7 years 1 month 13 days | |
Outstanding, Weighted- Average Exercise Price (in dollars per share) | $ 21.15 | $ 21.38 | $ 21.15 |
Exercisable, shares (in shares) | 213,216 | 262,622 | 213,216 |
Exercisable, Aggregate Intrinsic Value | $ 1,287 | $ 1,724 | $ 1,287 |
Exercisable, Remaining Contractual Term (Year) | 4 years 10 months 9 days | 5 years | |
Exercisable, Weighted- Average Exercise Price (in dollars per share) | $ 18.90 | $ 20.38 | $ 18.90 |
Note 10 - Share-based Compens_6
Note 10 - Share-based Compensation - Schedule of RSUs (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | |
Nonvested, RSUs shares, beginning of period (in shares) | 13,015 | 15,686 | 15,686 |
Nonvested, RSUs Weighted, beginning of period Average Grant Date Fair Value, beginning of period (in dollars per share) | $ 21.24 | $ 20.40 | $ 20.40 |
Granted, RSUs shares (in shares) | 0 | 0 | |
Granted, RSUs Weighted Average Grant Date Fair Value (in dollars per share) | $ 0 | $ 0 | |
Forfeited, RSUs shares (in shares) | (313) | 0 | |
Forfeited, RSUs Weighted Average Grant Date Fair Value (in dollars per share) | $ 26.63 | $ 0 | |
Vested, RSUs shares (in shares) | (5,246) | (3,400) | |
Vested, RSUs Weighted Average Grant Date Fair Value (in dollars per share) | $ 22.24 | $ 19.61 | |
Nonvested, RSUs shares, end of period (in shares) | 7,456 | 12,286 | 13,015 |
Nonvested, RSUs Weighted Average Grant Date Fair Value, end of period (in dollars per share) | $ 20.31 | $ 20.62 | $ 21.24 |
Note 11 - Commitments and Con_3
Note 11 - Commitments and Contingencies (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | |
Provision for Credit Losses on Unfunded Commitments | $ (195,000) | $ 1,200,000 | $ 322,000 | $ 1,670,000 | |
Off-Balance-Sheet, Credit Loss, Liability, Ending Balance | $ 7,590,000 | $ 7,590,000 | $ 7,280,000 |
Note 11 - Commitments and Con_4
Note 11 - Commitments and Contingencies - Summary of the Total Unfunded, or Off-balance Sheet, Credit Extension Commitments (Details) $ in Thousands | Sep. 30, 2022 USD ($) |
Total Unfunded Commitments | $ 889,854 |
Commitments to Extend Credit [Member] | Revolving Home Equity And Credit Card Lines Member [Member] | |
Total Unfunded Commitments | 104,374 |
Commitments to Extend Credit [Member] | Construction Loans [Member] | |
Total Unfunded Commitments | 279,861 |
Commitments to Extend Credit [Member] | Other Loans [Member] | |
Total Unfunded Commitments | 449,459 |
Standby Letters of Credit [Member] | |
Total Unfunded Commitments | $ 56,160 |
Note 12 - Preferred Stock (Deta
Note 12 - Preferred Stock (Details Textual) - USD ($) $ / shares in Units, $ in Millions | 1 Months Ended | |||
Apr. 30, 2021 | Sep. 30, 2022 | Dec. 31, 2021 | [1] | |
Preferred Stock, Shares Issued (in shares) | 1,500 | 1,500 | 1,500 | |
Preferred Stock, Value, Outstanding | $ 15 | |||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 1 | $ 1 | $ 1 | |
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ 10,000 | |||
Preferred Stock, Dividend Rate, Percentage | 6% | |||
[1]Derived from audited consolidated financial statements |
Note 13 - Regulatory Matters -
Note 13 - Regulatory Matters - Summary Of Actual Capital Amounts And Ratios (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
Summit [Member] | ||
CET1 (to risk weighted assets), amount | $ 286,938 | $ 257,122 |
CET1 (to risk weighted assets), Actual Ratio (Rate) | 8.20% | 8.40% |
CET1 (to risk weighted assets), Minimum Required Capital, Amount | $ 244,648 | $ 214,268 |
CET1 (to risk weighted assets), Minimum Required Capital, Ratio (Rate) | 7% | 7% |
Tier I Capital (to risk weighted assets), amount | $ 320,858 | $ 291,042 |
Tier I Capital (to risk weighted assets), Actual Ratio (Rate) | 9.20% | 9.50% |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 297,073 | $ 260,406 |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Ratio (Rate) | 8.50% | 8.50% |
Total Capital (to risk weighted assets), amount | $ 458,252 | $ 420,045 |
Total Capital (to risk weighted assets), Actual Ratio (Rate) | 13.10% | 13.80% |
Total Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 366,973 | $ 319,599 |
Total Capital (to risk weighted assets), Minimum Required Capital, Ratio (Rate) | 10.50% | 10.50% |
Tier I Capital (to average assets), amount | $ 320,858 | $ 291,042 |
Tier I Capital (to average assets), Actual Amount (Rate) | 8.40% | 8.30% |
Tier I Capital (to average assets), Minimum Required Capital, Amount | $ 152,601 | $ 140,261 |
Tier I Capital (to average assets), Minimum Required Capital, Ratio (Rate) | 4% | 4% |
Summit Community [Member] | ||
CET1 (to risk weighted assets), amount | $ 392,969 | $ 364,125 |
CET1 (to risk weighted assets), Actual Ratio (Rate) | 11.30% | 11.90% |
CET1 (to risk weighted assets), Minimum Required Capital, Amount | $ 244,249 | $ 214,191 |
CET1 (to risk weighted assets), Minimum Required Capital, Ratio (Rate) | 7% | 7% |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 226,802 | $ 198,892 |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio (Rate) | 6.50% | 6.50% |
Tier I Capital (to risk weighted assets), amount | $ 392,969 | $ 364,125 |
Tier I Capital (to risk weighted assets), Actual Ratio (Rate) | 11.30% | 11.90% |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 296,588 | $ 260,089 |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Ratio (Rate) | 8.50% | 8.50% |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 279,141 | $ 244,790 |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio (Rate) | 8% | 8% |
Total Capital (to risk weighted assets), amount | $ 427,189 | $ 390,236 |
Total Capital (to risk weighted assets), Actual Ratio (Rate) | 12.20% | 12.80% |
Total Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 366,373 | $ 320,115 |
Total Capital (to risk weighted assets), Minimum Required Capital, Ratio (Rate) | 10.50% | 10.50% |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 348,927 | $ 304,872 |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio (Rate) | 10% | 10% |
Tier I Capital (to average assets), amount | $ 392,969 | $ 364,125 |
Tier I Capital (to average assets), Actual Amount (Rate) | 10.30% | 10.40% |
Tier I Capital (to average assets), Minimum Required Capital, Amount | $ 151,891 | $ 140,048 |
Tier I Capital (to average assets), Minimum Required Capital, Ratio (Rate) | 4% | 4% |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Amount | $ 189,863 | $ 175,060 |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Ratio (Rate) | 5% | 5% |
Note 14 - Derivative Financia_3
Note 14 - Derivative Financial Instruments (Details Textual) $ in Millions | Sep. 30, 2022 USD ($) |
Cash Flow Hedging [Member] | |
Derivative, Number of Instruments Held, Total | 2 |
Interest Rate Swap Maturing October 18 2023 [Member] | |
Derivative Liability, Notional Amount | $ 20 |
Cash Flow Hedge Derivative Liability Notional Amount | $ 20 |
Derivative, Swaption Interest Rate | 1.07% |
Interest Rate Swap Maturing October18 2024 [Member] | |
Derivative Liability, Notional Amount | $ 20 |
Cash Flow Hedge Derivative Liability Notional Amount | $ 20 |
Derivative, Swaption Interest Rate | 1.1055% |
Interest Rate Cap [Member] | |
Derivative, Number of Instruments Held, Total | 2 |
Interest Rate Cap Maturing April 18 2030 [Member] | |
Derivative Liability, Notional Amount | $ 100 |
Cash Flow Hedge Derivative Liability Notional Amount | $ 100 |
Derivative, Cap Interest Rate | 0.75% |
Interest Rate Cap Maturing December 18 2025 [Member] | |
Derivative Liability, Notional Amount | $ 100 |
Cash Flow Hedge Derivative Liability Notional Amount | $ 100 |
Derivative, Cap Interest Rate | 0.50% |
Fair Value Hedging [Member] | |
Derivative, Number of Instruments Held, Total | 2 |
Interest Rate Swap Commercial Real Estate [Member] | |
Derivative Asset, Notional Amount | $ 21.3 |
Interest Rate Swap Available for Sale Taxable Municipal Securities [Member] | |
Derivative Asset, Notional Amount | $ 71.2 |
Note 14 - Derivative Financia_4
Note 14 - Derivative Financial Instruments - Summary of Derivative Financial Instruments (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Dec. 31, 2021 | |
Short-Term Debt [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | ||
Derivative Liability, Notional Amount | $ 40,000 | $ 40,000 |
Cash Flow Hedge Derivative Instrument Assets at Fair Value | 1,975 | 0 |
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value | 0 | 83 |
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net | 0 | 0 |
Short-Term Debt [Member] | Interest Rate Cap [Member] | Cash Flow Hedging [Member] | ||
Derivative Liability, Notional Amount | 100,000 | 100,000 |
Cash Flow Hedge Derivative Instrument Assets at Fair Value | 21,321 | 8,336 |
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value | 0 | 0 |
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net | 0 | 0 |
Indexed Interest Bearing Demand Deposit Accounts [Member] | Interest Rate Cap [Member] | Cash Flow Hedging [Member] | ||
Derivative Liability, Notional Amount | 100,000 | 100,000 |
Cash Flow Hedge Derivative Instrument Assets at Fair Value | 10,338 | 2,851 |
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value | 0 | 0 |
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net | 0 | 0 |
Commercial Real Estate [Member] | Interest Rate Swap [Member] | Fair Value Hedging [Member] | ||
Derivative Liability, Notional Amount | 17,047 | 17,548 |
Cash Flow Hedge Derivative Instrument Assets at Fair Value | 945 | 0 |
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value | 0 | 512 |
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net | 0 | 0 |
Available-for-Sale Securities [Member] | Interest Rate Swap [Member] | Fair Value Hedging [Member] | ||
Derivative Liability, Notional Amount | 71,245 | 71,245 |
Cash Flow Hedge Derivative Instrument Assets at Fair Value | 7,600 | 0 |
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value | 0 | 529 |
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net | $ (12) | $ 22 |
Note 15 - Accumulated Other C_3
Note 15 - Accumulated Other Comprehensive (Loss) Income - Other Comprehensive (loss) Income by Component (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | ||
Balance | $ 333,891 | $ 315,207 | $ 327,473 | [1] | $ 281,580 |
Balance | 341,674 | 323,289 | 341,674 | 323,289 | |
Accumulated Pension Plan Adjustment Net Unamortized Gain (Loss) [Member] | |||||
Balance | 30 | (199) | 30 | (199) | |
Other comprehensive (loss) income before reclassification | 0 | 0 | 0 | 0 | |
Amounts reclassified from accumulated other comprehensive (loss) income, net of tax | 0 | 0 | 0 | 0 | |
Net current period other comprehensive (loss) income | 0 | 0 | 0 | 0 | |
Balance | 30 | (199) | 30 | (199) | |
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] | |||||
Balance | 9 | (40) | 9 | (40) | |
Other comprehensive (loss) income before reclassification | 0 | 0 | 0 | 0 | |
Amounts reclassified from accumulated other comprehensive (loss) income, net of tax | 0 | 0 | 0 | 0 | |
Net current period other comprehensive (loss) income | 0 | 0 | 0 | 0 | |
Balance | 9 | (40) | 9 | (40) | |
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] | |||||
Balance | 15,885 | 2,163 | 3,993 | (1,132) | |
Other comprehensive (loss) income before reclassification | 5,706 | 689 | 17,598 | 3,984 | |
Amounts reclassified from accumulated other comprehensive (loss) income, net of tax | 0 | 0 | 0 | 0 | |
Net current period other comprehensive (loss) income | 5,706 | 689 | 17,598 | 3,984 | |
Balance | 21,591 | 2,852 | 21,591 | 2,852 | |
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member] | |||||
Balance | (26,916) | 5,177 | 1,868 | 6,816 | |
Other comprehensive (loss) income before reclassification | (12,342) | (2,754) | (41,462) | (3,935) | |
Amounts reclassified from accumulated other comprehensive (loss) income, net of tax | 184 | 52 | 520 | (406) | |
Net current period other comprehensive (loss) income | (12,158) | (2,702) | (40,942) | (4,341) | |
Balance | (39,074) | 2,475 | (39,074) | 2,475 | |
AOCI Accumulated Gain (Loss) Securities Fair Value Hedge Parent [Member] | |||||
Balance | 3,518 | (418) | |||
Other comprehensive (loss) income before reclassification | 2,251 | 6,187 | |||
Amounts reclassified from accumulated other comprehensive (loss) income, net of tax | 0 | 0 | |||
Net current period other comprehensive (loss) income | 2,251 | 6,187 | |||
Balance | 5,769 | 5,769 | |||
AOCI Attributable to Parent [Member] | |||||
Balance | (7,474) | 7,101 | 5,482 | 5,445 | |
Other comprehensive (loss) income before reclassification | (4,385) | (2,065) | (17,677) | 49 | |
Amounts reclassified from accumulated other comprehensive (loss) income, net of tax | 184 | 52 | 520 | (406) | |
Net current period other comprehensive (loss) income | (4,201) | (2,013) | (17,157) | (357) | |
Balance | $ (11,675) | $ 5,088 | $ (11,675) | $ 5,088 | |
[1]Derived from audited consolidated financial statements |
Note 16 - Income Taxes (Details
Note 16 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Income Tax Expense (Benefit), Total | $ 3,856 | $ 3,023 | $ 10,311 | $ 8,886 |
Effective Income Tax Rate Reconciliation, Percent, Total | 21.10% | 19.80% | 21.30% | 21.10% |
Note 16 - Income Taxes - Reconc
Note 16 - Income Taxes - Reconciliation Statutory Income Tax Rates (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Applicable statutory rate | 21% | 21% | 21% | 21% |
Tax-exempt interest and dividends, net | (1.50%) | (1.30%) | (1.40%) | (1.40%) |
State income taxes, net of Federal income tax benefit | 1.90% | 2.10% | 2% | 2.10% |
Low-income housing and rehabilitation tax credits | (0.30%) | (0.10%) | (0.30%) | (0.20%) |
Other, net | 0% | (1.90%) | 0% | (0.40%) |
Effective income tax rate | 21.10% | 19.80% | 21.30% | 21.10% |
Note 16 - Income Taxes - Schedu
Note 16 - Income Taxes - Schedule of Components of Applicable Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Current | ||||
Current Federal Tax Expense (Benefit) | $ 3,617 | $ 2,350 | $ 8,644 | $ 7,720 |
Current State and Local Tax Expense (Benefit) | 480 | 351 | 1,180 | 1,122 |
Current Income Tax Expense (Benefit), Total | 4,097 | 2,701 | 9,824 | 8,842 |
Deferred | ||||
Deferred Federal Income Tax Expense (Benefit) | (211) | 282 | 426 | 38 |
Deferred State and Local Income Tax Expense (Benefit) | (30) | 40 | 61 | 6 |
Deferred Income Tax Expense (Benefit), Total | (241) | 322 | 487 | 44 |
Income Tax Expense (Benefit) | $ 3,856 | $ 3,023 | $ 10,311 | $ 8,886 |
Note 17 - Revenue from Contra_3
Note 17 - Revenue from Contracts with Customers - Schedule of Revenue Recognition (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Revenue from contracts with customers | $ 4,079 | $ 3,728 | $ 11,949 | $ 10,370 |
Non-interest income within the scope of other ASC topics | 808 | 839 | 1,339 | 3,886 |
Total noninterest income | 4,887 | 4,567 | 13,288 | 14,256 |
Deposit Account [Member] | ||||
Revenue from contracts with customers | 1,550 | 1,338 | 4,625 | 3,530 |
Credit and Debit Card [Member] | ||||
Revenue from contracts with customers | 1,639 | 1,509 | 4,748 | 4,369 |
Fiduciary and Trust [Member] | ||||
Revenue from contracts with customers | 725 | 718 | 2,228 | 2,039 |
Product and Service, Other [Member] | ||||
Revenue from contracts with customers | $ 165 | $ 163 | $ 348 | $ 432 |