Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Mar. 07, 2023 | Jun. 30, 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 | FY | ||
Document Fiscal Year Focus | 2022 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Document Period End Date | Dec. 31, 2022 | ||
Entity File Number | 0-16587 | ||
Entity Incorporation, State or Country Code | WV | ||
Entity Tax Identification Number | 55-0672148 | ||
Entity Address, Address Line One | 300 N. 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 | ||
Title of 12(b) Security | Common | ||
Trading Symbol | SMMF | ||
Security Exchange Name | NASDAQ | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | true | ||
Entity Shell Company | false | ||
Entity Public Float | $ 305,343,000 | ||
Entity Common Stock, Shares Outstanding | 12,784,168 | ||
Auditor Firm ID | 613 | ||
Auditor Name | YOUNT, HYDE & BARBOUR, P.C. | ||
Auditor Location | Winchester, Virginia |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
ASSETS | ||
Cash and due from banks | $ 16,469 | $ 21,006 |
Interest bearing deposits with other banks | 28,248 | 57,452 |
Cash and cash equivalents | 44,717 | 78,458 |
Debt securities available for sale (at fair value) | 405,201 | 401,103 |
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 96,163 | 98,060 |
Less: allowance for credit losses | 0 | 0 |
Debt securities held to maturity, net | 96,163 | 98,060 |
Equity investments (at fair value) | 29,494 | 20,609 |
Other investments | 16,029 | 10,897 |
Loans held for sale | 0 | 227 |
Loans net of unearned fees | 3,082,818 | 2,761,391 |
Less: allowance for credit losses | (38,899) | (32,298) |
Loans, net | 3,043,919 | 2,729,093 |
Property held for sale | 5,067 | 9,858 |
Premises and equipment, net | 53,981 | 56,371 |
Accrued interest and fees receivable | 15,866 | 10,578 |
Goodwill and other intangible assets, net | 62,150 | 63,590 |
Cash surrender value of life insurance policies and annuities | 71,640 | 60,613 |
Derivative financial instruments | 40,506 | 11,187 |
Other assets | 31,959 | 26,075 |
Total assets | 3,916,692 | 3,576,719 |
Deposits | ||
Non-interest bearing | 553,616 | 568,986 |
Interest bearing | 2,616,263 | 2,374,103 |
Total deposits | 3,169,879 | 2,943,089 |
Short-term borrowings | 225,999 | 140,146 |
Long-term borrowings | 658 | 679 |
Subordinated debentures, net | 103,296 | 102,891 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Other liabilities | 42,741 | 42,852 |
Total liabilities | 3,562,162 | 3,249,246 |
Commitments and Contingencies | ||
Shareholders' Equity | ||
Preferred stock, $1.00 par value, authorized 250,000 shares; issued: 2022 and 2021 - 1,500 shares | 14,920 | 14,920 |
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2022 - 12,783,646 shares, 2021 - 12,763,827 shares; outstanding: 2022 - 12,783,646 shares, 2021 - 12,743,125 shares | 90,696 | 89,525 |
Unallocated common stock held by Employee Stock Ownership Plan - 2021 - 20,702 shares | 0 | (224) |
Retained earnings | 260,393 | 217,770 |
Accumulated other comprehensive (loss) income | (11,479) | 5,482 |
Total shareholders' equity | 354,530 | 327,473 |
Total liabilities and shareholders' equity | $ 3,916,692 | $ 3,576,719 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Apr. 30, 2021 |
Debt Securities, Held-to-maturity, Fair Value | $ 86,627 | $ 101,242 | |
Preferred stock, par or stated value per share (in dollars per share) | $ 1 | $ 1 | $ 1 |
Preferred stock, shares authorized (in shares) | 250,000 | 250,000 | |
Preferred stock, shares issued (in shares) | 1,500 | 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) | 12,783,646 | 12,763,827 | |
Common stock, shares outstanding (in shares) | 12,783,646 | 12,743,125 | |
Employee Stock Ownership Plan (ESOP). number of suspense shares (in shares) | 0 | 20,702 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Loans, including fees | |||
Taxable, Loans, including fees | $ 145,188 | $ 112,268 | $ 104,986 |
Tax-exempt, Loans, including fees | 176 | 362 | 578 |
Securities | |||
Taxable, Securities | 8,442 | 5,884 | 5,997 |
Tax-exempt, Securities | 4,610 | 3,586 | 3,176 |
Interest on interest bearing deposits with other banks | 331 | 315 | 266 |
Total interest income | 158,747 | 122,415 | 115,003 |
Interest expense: | |||
Deposits | 20,683 | 8,181 | 16,044 |
Short-term borrowings | 3,786 | 1,768 | 2,330 |
Long-term borrowings and subordinated debentures | 5,292 | 2,534 | 1,147 |
Total interest expense | 29,761 | 12,483 | 19,521 |
Net interest income | 128,986 | 109,932 | 95,482 |
Provision for credit losses | 6,950 | 4,000 | 14,500 |
Net interest income after provision for credit losses | 122,036 | 105,932 | 80,982 |
Noninterest income | |||
Revenue from contracts with customers | 15,905 | 14,440 | 12,144 |
Mortgage origination revenue | 1,480 | 3,999 | 2,799 |
Net realized (losses)/gains on debt securities | (708) | 425 | 3,472 |
Net gains on equity investments | 265 | 202 | 0 |
Bank owned life insurance and annuities income | 1,211 | 1,026 | 1,567 |
Other | 516 | 742 | 668 |
Total noninterest income | 18,153 | 20,208 | 20,083 |
Noninterest expenses | |||
Salaries, commissions and employee benefits | 40,452 | 34,386 | 31,280 |
Net occupancy expense | 5,128 | 4,824 | 3,963 |
Equipment expense | 7,253 | 6,990 | 5,765 |
Professional fees | 1,628 | 1,578 | 1,538 |
Advertising and public relations | 893 | 697 | 596 |
Amortization of intangibles | 1,440 | 1,563 | 1,659 |
FDIC premiums | 1,224 | 1,449 | 856 |
Bank card expense | 2,928 | 2,668 | 2,225 |
Foreclosed properties expense, net of (gains)/losses | 236 | 1,745 | 2,490 |
Acquisition-related expenses | 114 | 1,224 | 1,671 |
Other | 11,583 | 11,615 | 10,268 |
Total noninterest expenses | 72,879 | 68,739 | 62,311 |
Income before income tax expense | 67,310 | 57,401 | 38,754 |
Income tax expense | 14,094 | 11,663 | 7,428 |
Net income | 53,216 | 45,738 | 31,326 |
Preferred stock dividends | 900 | 589 | 0 |
Net income applicable to common shares | $ 52,316 | $ 45,149 | $ 31,326 |
Basic earnings per common share (in dollars per share) | $ 4.10 | $ 3.49 | $ 2.42 |
Diluted earnings per common share (in dollars per share) | $ 4.08 | $ 3.47 | $ 2.41 |
Fiduciary and Trust [Member] | |||
Noninterest income | |||
Revenue from contracts with customers | $ 2,978 | $ 2,886 | $ 2,495 |
Deposit Account [Member] | |||
Noninterest income | |||
Revenue from contracts with customers | 6,150 | 5,032 | 4,588 |
Credit and Debit Card [Member] | |||
Noninterest income | |||
Revenue from contracts with customers | $ 6,261 | $ 5,896 | $ 4,494 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net income | $ 53,216 | $ 45,738 | $ 31,326 |
Net unrealized gain (loss) on cashflow hedges of: 2022 - $22,203, net of deferred taxes of $(5,329); 2021 - $6,743, net of deferred taxes of $(1,618); 2020 - $(808), net of deferred taxes of $194 | 16,874 | 5,125 | (614) |
Net unrealized gain (loss) on fair value hedge of available for sale securities of: 2022 - $7,663, net of deferred taxes of $(1,839); 2021 - $(550), net of deferred taxes of $132 | 5,824 | (418) | 0 |
Net unrealized (loss) gain on debt securities available for sale | (39,769) | (4,948) | 3,671 |
Net change in actuarial gain (loss) on post-retirement benefits plan of: 2022 - $214, net of deferred taxes of $(51); 2021 - $64, net of deferred taxes of $(15); 2020- $(116), net of deferred taxes of $28 | 163 | 49 | (88) |
Net change in actuarial (loss) gain on defined-benefit pension plan of: 2022 - $(70), net of deferred taxes of $17; 2021 - $301, net of deferred taxes of $(72); 2020 - $(78), net of deferred taxes of $19 | (53) | 229 | (59) |
Total other comprehensive (loss) income | (16,961) | 37 | 2,910 |
Total comprehensive income | $ 36,255 | $ 45,775 | $ 34,236 |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net unrealized gain (loss) on cashflow hedge | $ 22,203 | $ 6,743 | $ (808) |
Net unrealized gain (loss) on cashflow hedge, deferred tax | (5,329) | (1,618) | 194 |
Net unrealized gain (loss) on securities fair value hedge | 7,663 | (550) | |
Net unrealized gain (loss) on securities fair value hedge, deferred tax | (1,839) | 132 | |
OCI, Debt securities, available-for-sale, unealized holding gain (loss), before adjustment and tax | (52,327) | (6,510) | 4,830 |
OCI, Debt securities, available-for-sale, unealized holding gain (loss), before adjustment, tax | 12,558 | 1,562 | (1,159) |
Other comprehensive income (loss), reclassification adjustment from AOCI for sale of securities, before tax | (708) | 425 | 3,472 |
Other comprehensive income (loss), reclassification adjustment from AOCI for sale of securities, tax | 170 | (102) | (833) |
Net change in actuarial gain (loss) on post-retirement benefits plan, before tax | 214 | 64 | (116) |
Net change in actuarial gain (loss) on post-retirement benefits plan, tax | (51) | (15) | 28 |
Net change in actuarial gain (loss) on defined-benefit pension plan, before tax | (70) | 301 | (78) |
Net change in actuarial gain (loss) on defined-benefit pension plan, tax | $ 17 | $ (72) | $ 19 |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands | 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, 2019 | $ 0 | $ 80,084 | $ (714) | $ 165,859 | $ 2,535 | $ 247,764 |
Impact of adoption of ASC 326 | 0 | 0 | 0 | (6,756) | 0 | (6,756) |
Net income | 0 | 0 | 0 | 31,326 | 0 | 31,326 |
Other comprehensive income (loss) | 2,910 | 2,910 | ||||
Exercise of stock award | 0 | 0 | 0 | 0 | 0 | 0 |
Vesting of RSUs | 0 | 0 | 0 | 0 | 0 | 0 |
Share-based compensation expense | 0 | 527 | 0 | 0 | 0 | 527 |
Unallocated ESOP shares committed to be released | 0 | 178 | 242 | 0 | 0 | 420 |
Purchase and retirement of shares of common stock | 0 | (1,444) | 0 | 0 | 0 | (1,444) |
Acquisition of shares, net of issuance costs | 0 | 15,354 | 0 | 0 | 0 | 15,354 |
Common stock issuances from reinvested dividends | 0 | 265 | 0 | 0 | 0 | 265 |
Common stock cash dividends declared | 0 | 0 | 0 | (8,786) | 0 | (8,786) |
Preferred stock cash dividends declared | 0 | |||||
Balance at Dec. 31, 2020 | 0 | 94,964 | (472) | 181,643 | 5,445 | 281,580 |
Net income | 0 | 0 | 0 | 45,738 | 0 | 45,738 |
Other comprehensive income (loss) | 37 | 37 | ||||
Exercise of stock award | 0 | 16 | 0 | 0 | 0 | 16 |
Vesting of RSUs | 0 | 0 | 0 | 0 | 0 | 0 |
Share-based compensation expense | 0 | 646 | 0 | 0 | 0 | 646 |
Unallocated ESOP shares committed to be released | 0 | 315 | 248 | 0 | 0 | 563 |
Purchase and retirement of shares of common stock | 0 | (6,710) | 0 | 0 | 0 | (6,710) |
Common stock issuances from reinvested dividends | 0 | 294 | 0 | 0 | 0 | 294 |
Common stock cash dividends declared | 0 | 0 | 0 | (9,022) | 0 | (9,022) |
Issuance of shares of preferred stock, net of issuance costs | 14,920 | 0 | 0 | 0 | 0 | 14,920 |
Preferred stock cash dividends declared | 0 | 0 | 0 | (589) | 0 | (589) |
Balance at Dec. 31, 2021 | 14,920 | 89,525 | (224) | 217,770 | 5,482 | 327,473 |
Net income | 0 | 0 | 0 | 53,216 | 0 | 53,216 |
Other comprehensive income (loss) | (16,961) | (16,961) | ||||
Exercise of stock award | 0 | 0 | 0 | 0 | 0 | 0 |
Vesting of RSUs | 0 | 0 | 0 | 0 | 0 | 0 |
Share-based compensation expense | 0 | 624 | 0 | 0 | 0 | 624 |
Unallocated ESOP shares committed to be released | 0 | 344 | 224 | 0 | 0 | 568 |
Common stock issuances from reinvested dividends | 0 | 203 | 0 | 0 | 0 | 203 |
Common stock cash dividends declared | 0 | 0 | 0 | (9,693) | 0 | (9,693) |
Preferred stock cash dividends declared | 0 | 0 | 0 | (900) | 0 | (900) |
Balance at Dec. 31, 2022 | $ 14,920 | $ 90,696 | $ 0 | $ 260,393 | $ (11,479) | $ 354,530 |
Consolidated Statements of Sh_2
Consolidated Statements of Shareholders' Equity (Parentheticals) - $ / shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Stock Appreciation Rights (SARs) [Member] | |||
Exercise of Stock award, share (in shares) | 5,841 | 499 | |
Restricted Stock Units (RSUs) [Member] | |||
Share-based compensation arrangement by share-based payment award, other than options, vested in period (in shares) | 6,205 | 4,171 | 964 |
Options and Stock Appreciation Rights (SARs) [Member] | |||
Exercise of Stock award, share (in shares) | 10,604 | ||
Preferred Stock [Member] | |||
Stock Issued During Period, New Issues (in shares) | 1,500 | ||
Stock Issued During Period, Shares, Employee Stock Ownership Plan (in shares) | 20,702 | 23,002 | 22,395 |
Stock Repurchased and Retired During Period, Shares (in shares) | 248,244 | 75,333 | |
Stock Issued During Period, Shares, Acquisitions (in shares) | 570,000 | ||
Common stock issuances from reinvested dividends, number of shares (in shares) | 7,773 | 11,588 | 14,937 |
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ 0.76 | $ 0.70 | $ 0.68 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Net income | $ 53,216 | $ 45,738 | $ 31,326 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation | 3,608 | 3,587 | 3,223 |
Provision for credit losses | 6,950 | 4,000 | 14,500 |
Share-based compensation expense | 624 | 646 | 527 |
Deferred income tax expense (benefit) | 218 | 264 | (4,201) |
Loans originated for sale | (19,158) | (107,097) | (97,805) |
Proceeds from sale of loans | 19,712 | 111,020 | 98,933 |
Gains on loans held for sale | (327) | (2,153) | (1,806) |
Realized losses (gains) on debt securities, net | 708 | (425) | (3,472) |
Gains on equity investments | (265) | (202) | 0 |
(Gain) loss on disposal of assets | (21) | (108) | 221 |
Write-downs of foreclosed properties | 187 | 1,417 | 1,783 |
Amortization of securities premiums, net | 4,746 | 4,348 | 3,024 |
Accretion related to acquisition adjustments, net | (1,111) | (1,583) | (1,571) |
Amortization of intangibles | 1,440 | 1,563 | 1,659 |
Earnings on bank owned life insurance and annuities | (993) | (1,140) | (1,716) |
(Increase) decrease in accrued interest receivable | (5,288) | 1,563 | (1,996) |
Decrease in other assets | 434 | 139 | 314 |
Increase in other liabilities | 3,264 | 269 | 1,738 |
Net cash provided by operating activities | 67,944 | 61,846 | 44,681 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Proceeds from maturities and calls of debt securities available for sale | 1,875 | 8,070 | 3,525 |
Proceeds from maturities and calls of debt securities held to maturity | 0 | 0 | 1,000 |
Proceeds from sales of debt securities available for sale | 69,211 | 64,932 | 124,809 |
Principal payments received on debt securities available for sale | 37,860 | 29,869 | 24,654 |
Purchases of debt securities available for sale | (168,928) | (226,427) | (64,740) |
Purchases of debt securities held to maturity | 0 | 0 | (101,994) |
Purchase of equity investments | (8,619) | (20,000) | 0 |
Purchases of other investments | (24,797) | (1,152) | (14,700) |
Proceeds from redemptions of other investments | 18,489 | 3,139 | 16,461 |
Net loan originations | (323,320) | (296,679) | (301,654) |
Purchases of premises and equipment | (1,346) | (4,537) | (8,637) |
Proceeds from disposal of premises and equipment | 85 | 558 | 293 |
Improvements to property held for sale | (36) | 100 | (1,352) |
Proceeds from sale of repossessed assets and property held for sale | 4,732 | 4,715 | 4,191 |
Cash and cash equivalents from acquisitions, net of cash consideration paid - 2021 - $9,807; 2020 - $48,920 | 0 | 95,699 | 175,013 |
Purchases of life insurance contracts and annuities | (10,034) | (34) | (9,332) |
Net cash used in investing activities | (404,828) | (341,747) | (152,463) |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Net increase in demand deposit, NOW and savings accounts | 399,225 | 279,913 | 376,704 |
Net decrease in time deposits | (171,524) | (95,230) | (160,373) |
Net increase (decrease) in short-term borrowings | 85,853 | 0 | (62,199) |
Repayment of long-term borrowings | (21) | (20) | (21,301) |
Proceeds from subordinated debt | 0 | 75,000 | 30,000 |
Purchase of interest rate caps | 0 | 0 | (7,098) |
Proceeds from issuance of common stock, net of issuance costs | 203 | 294 | 178 |
Proceeds from issuance of preferred stock, net of issuance costs | 0 | 14,920 | 0 |
Purchase and retirement of common stock | 0 | (6,710) | (1,444) |
Exercise of stock options | 0 | 16 | 0 |
Dividends paid on common stock | (9,693) | (9,022) | (8,786) |
Dividends paid on preferred stock | (900) | (589) | 0 |
Net cash provided by financing activities | 303,143 | 258,572 | 145,681 |
(Decrease) increase in cash and cash equivalents | (33,741) | (21,329) | 37,899 |
Cash and cash equivalents: | |||
Beginning | 78,458 | 99,787 | 61,888 |
Ending | 44,717 | 78,458 | 99,787 |
Cash payments for: | |||
Interest | 27,034 | 12,425 | 19,975 |
Income taxes | 12,566 | 10,257 | 11,440 |
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES | |||
Real property and other assets acquired in settlement of loans | 6 | 532 | 1,146 |
Right of use assets obtained in exchange for lease obligations | 370 | 2,023 | 5,147 |
SUPPLEMENTAL DISCLOSURES OF NONCASH TRANSACTIONS INCLUDED IN ACQUISITION | |||
Assets acquired | 0 | 58,054 | 302,333 |
Liabilities assumed | $ 0 | $ 164,085 | $ 494,596 |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Cash consideration paid | $ 9,807 | $ 48,920 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | NOTE 1. BASIS OF PRESENTATION We are a financial holding company headquartered in Moorefield, West Virginia. We offer community banking and trust and wealth management services through our community bank subsidiary, Summit Community Bank (“Summit Community”). We provide commercial and retail banking services primarily in the Eastern Panhandle, Southern and North Central regions of West Virginia, the Northern, Shenandoah Valley and Southwestern regions of Virginia and the Central region of Kentucky. Our accounting and reporting policies conform to accounting principles generally accepted in the United States of America and to general practices within the banking industry. Use of estimates: Principles of consolidation Comprehensive income/loss : Cash and cash equivalents : Loans held for sale Cash surrender value of life insurance policie s: Presentation of cash flows three Advertising : Trust services not not not Transfer of Financial Assets : not Unconsolidated subsidiary trusts : not 1 13 Significant accounting policie Acquisitions Note 3 Page 62 Fair Value Measurements Note 4 Page 67 Debt Securities Note 5 Page 73 Equity and Other Investments Note 6 Page 78 Loans and Allowance for Credit Losses on Loans Note 7 Page 79 Property Held for Sale Note 8 Page 94 Premises and Equipment Note 9 Page 94 Lease Commitments Note 10 Page 94 Goodwill and Other Intangible Assets Note 11 Page 95 Borrowed Funds Note 13 Page 97 Derivative Financial Instruments Note 14 Page 98 Income Taxes Note 15 Page 100 Employee Benefits Note 16 Page 102 Share-Based Compensation Note 16 Page 102 Earnings Per Share Note 20 Page 107 Accumulated Other Comprehensive Income Note 21 Page 108 Revenue Recognition Note 22 Page 109 |
Note 2 - Significant New Author
Note 2 - Significant New Authoritative Accounting Guidance | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 2. SIGNIFICANT NEW AUTHORITATIVE ACCOUNTING GUIDANCE Pending Adoption 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 In December 2022, 2022 06, Reference Rate Reform (Topic 848 848 2020, No. 2020 04, Reference Rate Reform (Topic 848 848 December 31, 2021 June 30, 2023. 2022 06 December 31, 2024, no 848; not |
Note 3 - Acquisitions
Note 3 - Acquisitions | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | NOTE 3. MVB Bank Branches Acquisition On July 10, 2021, four one one two two thirty This acquisition was determined to constitute a business combination in accordance with ASC 805, Business Combinations, one not July 10, 2021 (Dollars in thousands) As Recorded by MVB Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 9,807 Total consideration 9,807 Identifiable assets acquired: Cash and cash equivalents $ 946 $ — $ 946 Loans Purchased performing 53,440 478 53,918 Purchased credit deteriorated 488 (91 ) 397 Premises and equipment 3,431 (129 ) 3,302 Core deposit intangibles — 178 178 Other assets 260 — 260 Total identifiable assets acquired $ 58,565 $ 436 $ 59,001 Identifiable liabilities assumed: Deposits 163,081 959 164,040 Other liabilities 45 — 45 Total identifiable liabilities assumed $ 163,126 $ 959 $ 164,085 Net liabilities assumed $ (104,561 ) $ (523 ) $ (105,084 ) Net cash received from MVB 94,753 Goodwill resulting from acquisition $ 10,331 WinFirst Financial Corp. Acquisition On December 15, 2020, September 28, 2020, We accounted for the acquisition using the acquisition method of accounting in accordance with ASC 805, Business Combinations one not not December 15, 2020 (Dollars in thousands) As Recorded by WinFirst Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 21,705 Total consideration 21,705 Identifiable assets acquired: Cash and cash equivalents $ 13,030 $ — $ 13,030 Securities available for sale, at fair value 1,613 19 1,632 Loans Purchased performing 123,754 (968 ) 122,786 Purchased credit deteriorated — — — Allowance for credit losses on loans (1,227 ) 1,227 — Premises and equipment 171 (27 ) 144 Property held for sale 196 (50 ) 146 Core deposit intangibles — 81 81 Other assets 5,898 477 6,375 Total identifiable assets acquired $ 143,435 $ 759 $ 144,194 Identifiable liabilities assumed: Deposits 103,599 1,065 104,664 Short-term borrowings 3,000 — 3,000 Long-term borrowings 20,585 697 21,282 Other liabilities 270 — 270 Total identifiable liabilities assumed $ 127,454 $ 1,762 $ 129,216 Net identifiable assets acquired $ 15,981 $ (1,003 ) $ 14,978 Goodwill resulting from acquisition $ 6,727 MVB Bank Branches Acquisition On April 24, 2020, three one thirty This acquisition was determined to constitute a business combination in accordance with ASC 805, Business Combinations, one not April 24, 2020 (Dollars in thousands) As Recorded by MVB Bank Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 12,965 Total consideration 12,965 Identifiable assets acquired: Cash and cash equivalents $ 800 $ — $ 800 Loans Purchased performing 35,127 (1,185 ) 33,942 Premises and equipment 2,376 (42 ) 2,334 Core deposit intangibles — 125 125 Other assets 114 — 114 Total identifiable assets acquired $ 38,417 $ (1,102 ) $ 37,315 Identifiable liabilities assumed: Deposits 188,134 598 188,732 Other liabilities 102 — 102 Total identifiable liabilities assumed $ 188,236 $ 598 $ 188,834 Net liabilities assumed $ (149,819 ) $ (1,700 ) $ (151,519 ) Net cash received from MVB Bank 136,854 Goodwill resulting from acquisition $ 14,665 Cornerstone Financial Services Inc. Acquisition On January 1, 2020, September 17, 2019, December 31, 2019. We accounted for the acquisition using the acquisition method of accounting in accordance with ASC 805, Business Combinations not not January 1, 2020 (Dollars in thousands) As Recorded by Cornerstone Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 14,250 Stock consideration 15,441 Total consideration 29,691 Identifiable assets acquired: Cash and cash equivalents $ 60,284 $ — $ 60,284 Securities available for sale, at fair value 90,075 (47 ) 90,028 Loans Purchased performing 37,965 188 38,153 Purchased credit deteriorated 1,877 (569 ) 1,308 Allowance for credit losses on loans (312 ) 312 — Premises and equipment 806 (142 ) 664 Property held for sale 10 — 10 Core deposit intangibles — 717 717 Other assets 4,324 (74 ) 4,250 Total identifiable assets acquired $ 195,029 $ 385 $ 195,414 Identifiable liabilities assumed: Deposits 173,027 239 173,266 Other liabilities 3,286 (7 ) 3,279 Total identifiable liabilities assumed $ 176,313 $ 232 $ 176,545 Net identifiable assets acquired $ 18,716 $ 153 $ 18,869 Goodwill resulting from acquisition $ 10,822 The following is a description of the methods used to determine the fair values of significant assets and liabilities presented for each transaction above. Cash and cash equivalents : Securities: not not Loans: Premises and equipment: not Core deposit intangible: Deposits: Long-term borrowings: Loans acquired in a business combination are recorded at estimated fair value on the date of acquisition without the carryover of the related allowance for credit losses on loans. In accordance with ASC 326, no January 1, 2020 Loans not no The revenues and earnings of our acquired entities during 2021 2020, not During 2021 2020, For the Year Ended December 31, Dollars in thousands 2021 2020 Purchase price of PCD loans at acquisition $ 488 $ 12,649 Allowance for credit losses - loans at acquisition 91 796 Non-credit discount at acquisition (2 ) 568 Par value of PCD loans at acquisition 399 11,285 |
Note 4 - Fair Value Measurement
Note 4 - Fair Value Measurements | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 4. FAIR VALUE MEASUREMENTS In accordance with ASC 820 Fair Value Measurements three Level 1: Level 2: 1 not Level 3: In general, fair value is based upon quoted market prices, where available. If such quoted market prices are not may may may may not not may Assets and Liabilities Recorded at Fair Value on a Recurring Basis Assets and liabilities measured at fair value on a recurring basis include the following: Debt Securities Available for Sale: not 1 2 3 Equity Investments: December 31, 2022, 500 1. We purchased perpetual preferred stock of a bank holding company issued in October 2022 not 2, December 31, 2022 In addition, in December 2021, 500 14 17 may 30 820, 1, December 31, 2022 2021, Equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or similar investment. Such equity securities totaled $800,000 and $407,000 at December 31, 2022 2021 Derivative Financial Instruments: third 2. Assets and Liabilities Recorded at Fair Value on a Recurring Basis The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis. Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2022 Level 1 Level 2 Level 3 Debt securities available for sale U.S. Government sponsored agencies $ 20,219 $ — $ 20,219 $ — Residential mortgage-backed securities: Government sponsored agencies 51,456 — 51,456 — Nongovernment sponsored entities 61,617 — 61,617 — State and political subdivisions 93,067 — 93,067 — Corporate debt securities 31,628 — 29,788 1,840 Asset-backed securities 19,476 — 19,476 — Tax-exempt state and political subdivisions 127,738 — 127,738 — Total debt securities available for sale $ 405,201 $ — $ 403,361 $ 1,840 Equity investments $ 29,494 $ 25,766 $ 3,728 $ — Derivative financial assets Interest rate caps $ 30,601 $ — $ 30,601 $ — Interest rate swaps 9,905 — 9,905 — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2021 Level 1 Level 2 Level 3 Debt securities available for sale U.S. Government sponsored agencies $ 36,629 $ — $ 36,629 $ — 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 $ — Equity investments $ 20,609 $ 20,202 $ 407 $ — Derivative financial assets Interest rate caps $ 11,187 $ — $ 11,187 $ — Derivative financial liabilities Interest rate swaps $ 1,124 $ — $ 1,124 $ — Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis We may Loans Held for Sale: 2. Collateral Dependent Loans with an ACLL: 326, may for credit losses are determined by analyzing the borrower’s ability to repay amounts owed, collateral deficiencies, the relative risk grade of the loan and economic conditions affecting the borrower’s industry, among other things. A loan is considered to be collateral dependent when, based upon management's assessment, the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. In such cases, expected credit losses are based on the fair value of the collateral at the measurement date, adjusted for estimated selling costs if satisfaction of the loan depends on the sale of the collateral. We reevaluate the fair value of collateral supporting collateral dependent loans on a quarterly basis. The fair value of real estate collateral supporting collateral dependent loans is evaluated by appraisal services using a methodology that is consistent with the Uniform Standards of Professional Appraisal Practice. Property Held for Sale: 2 not 3 Assets measured at fair value on a nonrecurring basis are included in the tables below. Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2022 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ — $ — $ — $ — Collateral-dependent loans with an ACLL Commercial real estate $ 3,051 $ — $ 3,051 $ — Construction and development 350 — 350 — Residential real estate 182 — 182 — Total collateral-dependent loans with an ACLL $ 3,583 $ — $ 3,583 $ — Property held for sale Commercial real estate $ 297 $ — $ 297 $ — Construction and development 4,480 — 4,480 — Residential real estate — — — — Total property held for sale $ 4,777 $ — $ 4,777 $ — 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 impaired loans Commercial real estate $ 2,417 $ — $ 2,417 $ — Construction and development 693 — 693 — Residential real estate 528 — 528 — Total collateral-dependent impaired loans $ 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 $ — ASC Topic 825, Financial Instruments not not Loans: no Other Investments: Deposits: not not Borrowed Funds: The following tables present the carrying amount, fair value, and placement in the fair value hierarchy of our financial instruments as of December 31, 2022 December 31, 2021 At December 31, 2022 Fair Value Measurements Using: Dollars in thousands Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 44,717 $ 44,717 $ 16,469 $ 28,248 $ — Debt securities available for sale 405,201 405,201 — 403,361 1,840 Debt securities held to maturity 96,163 86,627 — 86,627 — Equity investments 29,494 29,494 25,766 3,728 — Other investments 16,029 16,029 — 16,029 — Loans held for sale, net — — — — — Loans, net 3,043,919 2,966,814 — 3,583 2,963,231 Accrued interest receivable 15,866 15,866 — 15,866 — Cash surrender value of life insurance policies and annuities 71,640 71,640 — 71,640 — Derivative financial assets 40,506 40,506 — 40,506 — $ 3,763,535 $ 3,676,894 $ 42,235 $ 669,588 $ 2,965,071 Financial liabilities Deposits $ 3,169,879 $ 3,166,762 $ — $ 3,166,762 $ — Short-term borrowings 225,999 225,999 — 225,999 — Long-term borrowings 658 667 — 667 — Subordinated debentures 103,296 91,801 — 91,801 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 2,357 2,357 — 2,357 — $ 3,521,778 $ 3,507,175 $ — $ 3,507,175 $ — At December 31, 2021 Fair Value Measurements Using: Dollars in thousands Carrying Value Estimated Fair 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 20,609 20,609 20,202 407 — Other investments 10,897 10,897 — 10,897 — 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 $ 41,208 $ 657,344 $ 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 5 - Debt Securities
Note 5 - Debt Securities | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 5. DEBT SECURITIES We classify debt securities as held to maturity available for sale trading Debt securities held to maturity: Debt securities available for sale: not not Debt trading securities: no Allowance for Credit Losses Debt Securities Available for Sale: first not not Allowance for Credit Losses Debt Securities Held to Maturity: 326, Prior to the adoption of ASC 326, January 1, 2020, Realized gains and losses on sales of securities are recognized on the specific identification method. Amortization of premiums and accretion of discounts are computed using the interest method. Debt Securities Available for Sale The amortized cost, unrealized gains, unrealized losses and estimated fair values of debt securities available for sale at December 31, 2022 2021 December 31, 2022 Unrealized Dollars in thousands Amortized Cost Gains Losses Fair Value Debt Securities Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 20,446 $ 83 $ 310 $ 20,219 Residential mortgage-backed securities: Government-sponsored agencies 55,184 80 3,808 51,456 Nongovernment-sponsored entities 65,860 48 4,291 61,617 State and political subdivisions General obligations 82,410 9 19,924 62,495 Various tax revenues 10,699 — 2,591 8,108 Other revenues 29,044 — 6,580 22,464 Corporate debt securities 33,409 44 1,825 31,628 Asset-backed securities 20,009 — 533 19,476 Total taxable debt securities 317,061 264 39,862 277,463 Tax-exempt debt securities State and political subdivisions General obligations 93,910 281 6,719 87,472 Water and sewer revenues 17,560 120 1,154 16,526 Lease revenues 7,411 47 411 7,047 Various tax revenues 7,851 — 1,115 6,736 Other revenues 11,274 9 1,326 9,957 Total tax-exempt debt securities 138,006 457 10,725 127,738 Total debt securities available for sale $ 455,067 $ 721 $ 50,587 $ 405,201 December 31, 2021 Unrealized Dollars in thousands Amortized Cost Gains Losses Fair Value Debt Securities Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 36,820 $ 169 $ 360 $ 36,629 Residential mortgage-backed securities: Government-sponsored agencies 61,646 1,153 588 62,211 Nongovernment-sponsored entities 26,839 26 279 26,586 State and political subdivisions General obligations 78,627 377 1,323 77,681 Water and sewer revenues 9,839 294 — 10,133 Lease revenues 6,401 215 26 6,590 Income tax revenues 6,487 250 3 6,734 Sales tax revenues 6,909 19 99 6,829 Various tax revenues 13,031 218 203 13,046 Utility revenues 7,153 137 130 7,160 Other revenues 9,291 331 9 9,613 Corporate debt securities 30,524 78 324 30,278 Asset-backed securities 24,873 97 87 24,883 Total taxable debt securities 318,440 3,364 3,431 318,373 Tax-exempt debt securities State and political subdivisions General obligations 47,583 1,526 270 48,839 Water and sewer revenues 10,618 375 15 10,978 Lease revenues 7,974 553 31 8,496 Other revenues 14,028 405 16 14,417 Total tax-exempt debt securities 80,203 2,859 332 82,730 Total debt securities available for sale $ 398,643 $ 6,223 $ 3,763 $ 401,103 Accrued interest receivable on debt securities available for sale totaled $3.0 million and $2.3 million at December 31, 2022 2021 The below information is relative to the five states where issuers with the highest volume of state and political subdivision securities held in our portfolio are located. We own no such securities of any single issuer which we deem to be a concentration. December 31, 2022 Unrealized Dollars in thousands Amortized Cost Gains Losses Fair Value California $ 47,586 $ — $ 11,020 $ 36,566 Texas 38,457 228 5,089 33,596 Michigan 23,956 55 2,489 21,522 Washington 20,655 11 1,784 18,882 Oregon 15,760 — 4,173 11,587 Management performs pre-purchase and ongoing analysis to confirm that all investment securities meet applicable credit quality standards. We principally use credit ratings from Nationally Recognized Statistical Rating Organizations (“NRSROs”) to support analyses of our portfolio of securities issued by state and political subdivisions, as we generally do not six 1 2 3 The proceeds from sales, calls and maturities of available for sale securities, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized are as follows: Dollars in thousands Proceeds from Gross realized Calls and Principal Years ended December 31, Sales Maturities Payments Gains Losses 2022 $ 69,211 $ 1,875 $ 37,860 $ 288 $ 996 2021 64,932 8,070 29,869 1,210 785 2020 124,809 3,525 24,654 3,489 17 Residential mortgage-backed obligations having contractual maturities ranging from 2 to 49 years are included in the following maturity distribution schedules based on their anticipated average life to maturity, which ranges from 6 months to 16 years. Accordingly, discounts are accreted and premiums are amortized over the anticipated average life to maturity of the specific obligation. The maturities, amortized cost and estimated fair values of securities available for sale at December 31, 2022 Dollars in thousands Amortized Cost Fair Value Due in one year or less $ 43,819 $ 42,123 Due from one to five years 85,057 80,169 Due from five to ten years 73,253 66,365 Due after ten years 252,938 216,544 Total $ 455,067 $ 405,201 At December 31, 2022 2021 Provided below is a summary of debt securities available for sale which were in an unrealized loss position and for which an allowance for credit losses has not December 31, 2022 2021 2022 Less than 12 months 12 months or more Total Dollars in thousands # of securities in loss position Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Taxable debt securities U.S. Government agencies and corporations 28 $ 8,012 $ 99 $ 9,577 $ 211 $ 17,589 $ 310 Residential mortgage-backed securities: Government-sponsored agencies 58 21,831 1,104 19,459 2,704 41,290 3,808 Nongovernment-sponsored entities 27 35,727 2,974 10,041 1,317 45,768 4,291 State and political subdivisions: General obligations 56 11,258 1,476 49,858 18,448 61,116 19,924 Various tax revenues 7 1,352 276 6,756 2,315 8,108 2,591 Other revenues 23 6,361 1,040 16,103 5,540 22,464 6,580 Corporate debt securities 20 8,308 591 13,072 1,234 21,380 1,825 Asset-backed securities 13 11,680 277 7,796 256 19,476 533 Tax-exempt debt securities State and political subdivisions: General obligations 52 50,671 1,823 26,062 4,896 76,733 6,719 Water and sewer revenues 13 8,800 403 4,471 751 13,271 1,154 Lease revenues 2 3,330 11 1,985 400 5,315 411 Various tax revenues 4 3,597 439 3,139 676 6,736 1,115 Other revenues 7 2,900 393 4,812 933 7,712 1,326 Total 310 $ 173,827 $ 10,906 $ 173,131 $ 39,681 $ 346,958 $ 50,587 2021 Less than 12 months 12 months or more Total Dollars in thousands # of securities in loss position Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Taxable debt securities U.S. Government 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 Debt Securities Held to Maturity The amortized cost, unrealized gains, unrealized losses and estimated fair values of debt securities held to maturity at December 31, 2022 2021 December 31, 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 $ 70,401 $ — $ 6,480 $ 63,921 Water and sewer revenues 8,006 — 672 7,334 Lease revenues 4,234 — 534 3,700 Sales tax revenues 4,515 — 689 3,826 Various tax revenues 5,511 — 871 4,640 Other revenues 3,496 — 290 3,206 Total Debt Securities Held to Maturity $ 96,163 $ — $ 9,536 $ 86,627 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 $1.1 million at December 31, 2022 2021 The below information is relative to the five states where issuers with the highest volume of state and political subdivision securities held in our held to maturity portfolio are located. We own no December 31, 2022 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Texas $ 15,101 $ — $ 1,301 $ 13,800 California 9,665 — 759 8,906 Pennsylvania 8,479 — 726 7,753 Florida 7,465 — 1,020 6,445 Michigan 6,904 — 797 6,107 The following table displays the amortized cost of held to maturity securities by credit rating at December 31, 2022 2021 December 31, 2022 Dollars in thousands AAA AA A BBB Below Investment Grade Tax-exempt state and political subdivisions $ 12,846 $ 75,932 $ 7,385 $ — $ — 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 December 31, 2022 2021 The maturities, amortized cost and estimated fair values of debt securities held to maturity at December 31, 2022 Dollars in thousands Amortized Cost Estimated Fair Value Due in one year or less $ — $ — Due from one to five years — — Due from five to ten years 2,811 2,613 Due after ten years 93,352 84,014 Total $ 96,163 $ 86,627 There were no proceeds from the calls and maturities of debt securities held to maturity for the year ended December 31, 2022 2021. December 31, 2020. |
Note 6 - Equity and Other Inves
Note 6 - Equity and Other Investments | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Investments and Other Noncurrent Assets [Text Block] | NOTE 6. Equity investments are carried at fair value, with changes in fair value reported in net income. See Note 4. Fair Value Measurements We are a member bank of the Federal Home Loan Bank ("FHLB") system. Members are required to own a certain amount of stock based on the level of borrowings from FHLB and other factors. FHLB stock is carried at cost and periodically evaluated for impairment based on ultimate recovery of par value. Dividends are reported as income as earned. This stock totaled $11.3 million and $6.8 million at December 31, 2022 2021 We have invested in four limited partnerships which own interests in diversified portfolios of qualified affordable housing projects. Also, we have purchased substantially all the interest in a limited liability company owning a qualified rehabilitated multi-family housing project. As result of these investments, Summit is allocated its proportional share of each investees’ operating losses and Federal Low-Income Housing and Rehabilitation Tax Credits. We use the proportional amortization method to account for each of these investments, whereby the cost of the investment is amortized in proportion to the amount of tax credits and other tax benefits received, and the net investment performance is recognized in the consolidated statements of income as a component of the provision for current income taxes. As of December 31, 2022 2021 December 31, 2022, 2021 2020 $1,440,000, $1,177,000, of $214,000, $ |
Note 7 - Loans and Allowance fo
Note 7 - Loans and Allowance for Credit Losses on Loans | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 7. LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS Loans are generally stated at the amount of unpaid principal, reduced by unearned discount and the ACLL. Interest on loans is accrued daily on the outstanding balances. Loan origination fees and certain direct loan origination costs are deferred and amortized as adjustments of the related loan yield over its contractual life. Loans The following table presents the amortized cost of loans held for investment: Dollars in thousands 2022 2021 Commercial $ 501,844 $ 365,301 Commercial real estate - owner occupied Professional & medical 120,872 150,759 Retail 188,196 190,304 Other 157,982 143,645 Commercial real estate - non-owner occupied Hotels & motels 141,042 128,450 Mini-storage 51,109 59,045 Multifamily 272,705 233,157 Retail 192,270 162,758 Other 347,242 282,621 Construction and development Land & land development 106,362 100,805 Construction 282,935 146,038 Residential 1-4 family real estate Personal residence 265,326 262,805 Rental - small loan 121,548 121,989 Rental - large loan 92,103 79,108 Home equity 71,986 72,112 Mortgage warehouse lines 130,390 227,869 Consumer 35,372 31,923 Other Credit cards 2,182 1,891 Overdrafts 1,352 811 Total loans, net of unearned fees 3,082,818 2,761,391 Less allowance for credit losses - loans 38,899 32,298 Loans, net $ 3,043,919 $ 2,729,093 Accrued interest and fees receivable on loans totaled $10.4 million and $7.2 million at December 31, 2022 2021 December 31, 2022 2021 Past Due Loans and Non-Accrual Loans. not may not may not may not may six The following tables present the contractual aging of the amortized cost basis of past due loans by class. At December 31, 2022 Past Due Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current 90 days or more and Accruing Commercial $ 2,982 $ 201 $ 34 $ 3,217 $ 498,627 $ — Commercial real estate - owner occupied Professional & medical 100 — — 100 120,772 — Retail — — 221 221 187,975 — Other 376 135 37 548 157,434 — Commercial real estate - non-owner occupied Hotels & motels — — — — 141,042 — Mini-storage — — — — 51,109 — Multifamily — — 58 58 272,647 — Retail 165 — 438 603 191,667 — Other — — — — 347,242 — Construction and development Land & land development 317 852 — 1,169 105,193 — Construction — — — — 282,935 — Residential 1-4 family real estate Personal residence 3,768 741 1,969 6,478 258,848 — Rental - small loan 1,093 582 816 2,491 119,057 — Rental - large loan — — — — 92,103 — Home equity 1,401 105 52 1,558 70,428 — Mortgage warehouse lines — — — — 130,390 — Consumer 182 71 — 253 35,119 — Other Credit cards 9 13 12 34 2,148 12 Overdrafts — — — — 1,352 — Total $ 10,393 $ 2,700 $ 3,637 $ 16,730 $ 3,066,088 $ 12 At December 31, 2021 Past Due Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current 90 days or more and 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 amount of interest recognized on nonaccrual loans during the periods presented is immaterial. The following tables present the nonaccrual loans included in the net balance of loans. December 31, 2022 December 31, 2021 Dollars in thousands Nonaccrual Nonaccrual with No Allowance for Credit Losses - Loans Nonaccrual Nonaccrual with No Allowance for Credit Losses - Loans Commercial $ 93 $ 48 $ 740 $ 96 Commercial real estate - owner occupied Professional & medical — — — — Retail 350 — 775 — Other 423 — 341 — Commercial real estate - non-owner occupied Hotels & motels — — 3,085 — Mini-storage — — — — Multifamily 538 — 55 — Retail 439 — 338 — Other — — 9 — Construction and development Land & land development 852 — 1,560 — Construction — — — — Residential 1-4 family real estate Personal residence 2,892 — 2,504 — Rental - small loan 2,066 — 3,094 — Rental - large loan — — — — Home equity 158 — 174 — Mortgage warehouse lines — — — — Consumer — — 17 — Other Credit cards — — — — Overdrafts — — — — Total $ 7,811 $ 48 $ 12,692 $ 96 Troubled Debt Restructurings. may At December 31, 2022 December 31, 2021 The following table presents by class the TDRs that were restructured during the years ended December 31, 2022 2021 2022 2021 2020 Dollars in thousands Number of Modifications Pre-modification Recorded Investment Post- modification Recorded Investment Number of Modifications Pre- modification Recorded Investment Post- modification Recorded Investment Number of Modifications Pre- modification Recorded Investment Post- modification Recorded Investment Commercial real estate - owner occupied Other — $ — $ — — $ — $ — 1 $ 361 $ 361 Residential 1-4 family real estate Personal residence 9 692 692 4 294 294 1 48 48 Rental - small loan — — — — — — 1 399 399 Rental - large loan 1 671 671 — — — — — — Home equity 2 158 158 — — — — — — Total 12 $ 1,521 $ 1,521 4 $ 294 $ 294 3 $ 808 $ 808 The following tables present defaults during the stated period of TDRs that were restructured during the prior 12 2022 2021 2020 Dollars in thousands Number of Defaults Recorded Investment at Default Date Number of Defaults Recorded Investment at Default Date Number of Defaults Recorded Investment at Default Date Commercial real estate - owner occupied Other — $ — — $ — 1 $ 361 Residential 1-4 family real estate Personal residence 1 22 1 44 1 48 Rental - small loan — — — — 1 399 Home equity 1 107 — — — — Total 2 $ 129 1 $ 44 3 $ 808 Credit Quality Indicators: Pass: not Special Mention: may not may Substandard: not Doubtful: Loss: not not no may We internally grade all loans at the time of loan origination. We perform an annual loan review on all non-homogenous commercial loan relationships with an aggregate exposure of $5.0 million, at which time these loans are re-graded. In addition, during the renewal process of any loan, as well as if a loan becomes past due or if other relevant information becomes available, we will re-evaluate the loan risk grade. Management considers the guidance in ASC 310 20 December 31, 2022 2021 December 31, 2022 Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior Revolving Revolving - Term Total Commercial Pass $ 145,996 $ 73,702 $ 27,247 $ 20,300 $ 3,056 $ 10,429 $ 194,641 $ — $ 475,371 Special Mention 689 23,055 267 51 17 149 2,010 — 26,238 Substandard 52 56 — 48 24 — 55 — 235 Total Commercial 146,737 96,813 27,514 20,399 3,097 10,578 196,706 — 501,844 Commercial Real Estate - Owner Occupied Professional & medical Pass 13,750 47,010 10,312 6,621 3,981 35,476 2,090 — 119,240 Special Mention — — 1,119 — — 233 — — 1,352 Substandard — — 72 — — 208 — — 280 Total Professional & Medical 13,750 47,010 11,503 6,621 3,981 35,917 2,090 — 120,872 Retail Pass 23,604 70,257 28,128 28,327 8,163 26,538 2,226 — 187,243 Special Mention — — — — — 603 — — 603 Substandard — — — — — 350 — — 350 Total Retail 23,604 70,257 28,128 28,327 8,163 27,491 2,226 — 188,196 Other Pass 43,811 27,174 24,870 7,778 15,346 34,720 3,412 — 157,111 Special Mention — 56 — — — 392 — — 448 Substandard — — — — 107 316 — — 423 Total Other 43,811 27,230 24,870 7,778 15,453 35,428 3,412 — 157,982 Total Commercial Real Estate - Owner Occupied 81,165 144,497 64,501 42,726 27,597 98,836 7,728 — 467,050 Commercial Real Estate - Non-Owner Occupied Hotels & motels Pass 32,059 1,695 3,192 32,688 15,358 12,899 4,081 — 101,972 Special Mention — — — 36,131 — — — — 36,131 Substandard — — 2,716 — — 223 — — 2,939 Total Hotels & Motels 32,059 1,695 5,908 68,819 15,358 13,122 4,081 — 141,042 Mini-storage Pass 2,868 13,191 7,679 3,776 13,017 10,419 115 — 51,065 Special Mention — — — — — 44 — — 44 Total Mini-storage 2,868 13,191 7,679 3,776 13,017 10,463 115 — 51,109 Multifamily Pass 57,727 56,073 53,558 29,479 21,359 53,244 646 — 272,086 Special Mention — — 81 — — — — — 81 Substandard — — 480 — — 58 — — 538 Total Multifamily 57,727 56,073 54,119 29,479 21,359 53,302 646 — 272,705 December 31, 2022 Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior Revolving Revolving - Term Total Retail Pass 46,278 52,387 39,609 5,449 6,999 25,315 7,053 — 183,090 Special Mention — — — — — 964 — — 964 Substandard — — — 7,778 — 438 — — 8,216 Total Retail 46,278 52,387 39,609 13,227 6,999 26,717 7,053 — 192,270 Other Pass 94,765 123,551 52,592 12,281 5,444 47,752 1,953 — 338,338 Special Mention 5,465 — — — 538 — — — 6,003 Substandard — — — — — 2,901 — — 2,901 Total Other 100,230 123,551 52,592 12,281 5,982 50,653 1,953 — 347,242 Total Commercial Real Estate - Non-Owner Occupied 239,162 246,897 159,907 127,582 62,715 154,257 13,848 — 1,004,368 Construction and Development Land & land development Pass 27,857 23,490 10,670 13,395 5,142 15,859 7,484 — 103,897 Special Mention — — 149 109 — 473 — — 731 Substandard — — — — — 1,734 — — 1,734 Total Land & land development 27,857 23,490 10,819 13,504 5,142 18,066 7,484 — 106,362 Construction Pass 82,650 140,764 54,584 317 1,355 — 2,940 — 282,610 Substandard — — — — 325 — — — 325 Total Construction 82,650 140,764 54,584 317 1,680 — 2,940 — 282,935 Total Construction and Development 110,507 164,254 65,403 13,821 6,822 18,066 10,424 — 389,297 Residential 1-4 Family Real Estate Personal residence Pass 38,783 39,416 30,297 16,003 16,581 105,822 — — 246,902 Special Mention — 53 — 180 74 9,074 — — 9,381 Substandard — 68 — 620 901 7,454 — — 9,043 Total Personal Residence 38,783 39,537 30,297 16,803 17,556 122,350 — — 265,326 Rental - small loan Pass 22,692 26,654 11,609 10,995 8,103 30,508 5,784 — 116,345 Special Mention — 224 103 — — 1,100 — — 1,427 Substandard — — — 156 239 3,269 112 — 3,776 Total Rental - Small Loan 22,692 26,878 11,712 11,151 8,342 34,877 5,896 — 121,548 Rental - large loan Pass 28,090 31,401 11,033 3,631 3,932 9,045 894 — 88,026 Special Mention — — — — — 26 — — 26 Substandard 670 — — — — 3,381 — — 4,051 Total Rental - Large Loan 28,760 31,401 11,033 3,631 3,932 12,452 894 — 92,103 Home equity Pass 65 219 55 50 192 2,118 67,155 — 69,854 Special Mention — — — — 125 626 757 — 1,508 Substandard 51 — — — 58 461 54 — 624 Total Home Equity 116 219 55 50 375 3,205 67,966 — 71,986 Total Residential 1-4 Family Real Estate 90,351 98,035 53,097 31,635 30,205 172,884 74,756 — 550,963 Mortgage warehouse lines Pass — — — — — — 130,390 — 130,390 Total Mortgage Warehouse Lines — — — — — — 130,390 — 130,390 Consumer Pass 17,594 7,620 3,066 1,806 749 1,221 889 — 32,945 Special Mention 1,332 362 179 83 18 102 6 — 2,082 Substandard 207 75 31 — 3 1 28 — 345 Total Consumer 19,133 8,057 3,276 1,889 770 1,324 923 — 35,372 December 31, 2022 Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior Revolving Revolving - Term Total Other Credit cards Pass 2,182 — — — — — — — 2,182 Total Credit Cards 2,182 — — — — — — — 2,182 Overdrafts Pass 1,352 — — — — — — — 1,352 Total Overdrafts 1,352 — — — — — — — 1,352 Total Other 3,534 — — — — — — — 3,534 Total $ 690,589 $ 758,553 $ 373,698 $ 238,052 $ 131,206 $ 455,945 $ 434,775 $ — $ 3,082,818 December 31, 2021 Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior Revolving Revolving - Term Total Commercial Pass $ 123,890 $ 36,339 $ 31,116 $ 5,549 $ 8,831 $ 14,061 $ 141,003 $ — $ 360,789 Special Mention 693 279 69 41 60 539 1,984 — 3,665 Substandard 135 45 110 48 18 7 484 — 847 Total Commercial 124,718 36,663 31,295 5,638 8,909 14,607 143,471 — 365,301 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 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 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 December 31, 2021 Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior Revolving Revolving - Term Total Other Pass 107,962 82,846 14,211 8,443 11,421 51,587 2,620 — 279,090 Special Mention — — — 572 — — — — 572 Doubtful — — — — — 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 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 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 December 31, 2021 Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior Revolving Revolving - Term Total 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 Industry concentrations: December 31, 2022 2021 10% Loans to related parties: may The following presents the activity with respect to related party loans aggregating $60,000 or more to any one Dollars in thousands 2022 2021 Balance, beginning $ 53,212 $ 55,092 Additions 516 2,677 Amounts collected (4,419 ) (4,557 ) Balance, ending $ 49,309 $ 53,212 Allowance for Credit Losses - Loans The ACLL is a valuation allowance, estimated at each balance sheet date in accordance with ASC 326, not may not not Expected credit losses are reflected in the ACLL through a charge to provision for credit losses. When we deem all or a portion of a financial asset to be uncollectible the appropriate amount is written off and the ACLL is reduced by the same amount. The Company applies judgment to determine when a financial asset is deemed uncollectible; however, generally speaking, an asset will be considered uncollectible no Loan Pools. We periodically reassess each pool to ensure the loans within the pool continue to share similar characteristics and risk profiles and to determine whether further segmentation is necessary. Residential 1 4 The Company’s methodology for estimating the ACLL considers available relevant information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable forecasts. The methodology applies historical loss information, adjusted for asset-specific characteristics, economic conditions at the measurement date, and forecasts about future economic conditions expected to exist through the contractual lives of the financial assets that are reasonable and supportable, to the identified pools of financial assets with similar risk characteristics for which the historical loss experience was observed. Our methodology reverts to historical loss information immediately when it can no Loss-Rate Method. not Qualitative Factors. not may One Q-Factor adjustment to our loss rates is consideration of reasonable and supportable forecasts of economic conditions. In arriving at a reasonable and supportable economic forecast, we primarily consider the forecasted unemployment rates for the U.S., West Virginia and Virginia as loss drivers for each segmented loan pool. Secondarily, we consider the following forecasted economic data for one Other risks that we may Collateral Dependent Loans. may The following table presents the activity in the ACLL by portfolio segment during 2022 2021 For the Year Ended December 31, 2022 Allowance for Credit Losses - Loans Dollars in thousands Beginning Balance Provision for Credit Losses - Loans Charge-offs Recoveries Ending Balance Commercial $ 3,218 $ 1,774 $ (237 ) $ 186 $ 4,941 Commercial real estate - owner occupied Professional & medical 1,092 (126 ) — — 966 Retail 1,362 (79 ) (108 ) 1 1,176 Other 575 (88 ) (61 ) — 426 Commercial real estate - non-owner occupied Hotels & motels 2,532 (1,329 ) — — 1,203 Mini-storage 133 (51 ) — — 82 Multifamily 1,821 1,080 — 6 2,907 Retail 1,074 228 — 60 1,362 Other 1,820 593 — 39 2,452 Construction and development Land & land development 3,468 76 (71 ) 9 3,482 Construction 6,346 4,792 — — 11,138 Residential 1-4 family real estate Personal residence 2,765 230 (112 ) 56 2,939 Rental - small loan 2,834 (848 ) (211 ) 132 1,907 Rental - large loan 2,374 294 — — 2,668 Home equity 497 179 (8 ) 37 705 Mortgage warehouse lines — — — — — Consumer 163 70 (174 ) 115 174 Other Credit cards 17 7 (24 ) 17 17 Overdrafts 207 476 (433 ) 104 354 Total $ 32,298 $ 7,278 $ (1,439 ) $ 762 $ 38,899 For the Year Ended December 31, 2021 Allowance for Credit Losses - Loans Dollars in thousands Beginning Balance Provision for Credit Losses - Loans Adjustment for PCD Acquired Loans Charge-offs Recoveries Ending 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 December 31, 2022 2021 December 31, 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 $ 104 $ 501,740 $ 501,844 $ — $ 4,941 $ 4,941 Commercial real estate - owner occupied Professional & medical 1,969 118,903 120,872 212 754 966 Retail 4,544 183,652 188,196 — 1,176 1,176 Other — 157,982 157,982 — 426 426 Commercial real estate - non-owner occupied Hotels & motels 2,939 138,103 141,042 — 1,203 1,203 Mini-storage — 51,109 51,109 — 82 82 Multifamily — 272,705 272,705 — 2,907 2,907 Retail 9,906 182,364 192,270 95 1,267 1,362 Other 5,551 341,691 347,242 287 2,165 2,452 Construction and development Land & land development 1,398 104,964 106,362 502 2,980 3,482 Construction — 282,935 282,935 — 11,138 11,138 Residential 1-4 family real estate Personal residence — 265,326 265,326 — 2,939 2,939 Rental - small loan 1,159 120,389 121,548 282 1,625 1,907 Rental - large loan 3,675 88,428 92,103 — 2,668 2,668 Home equity — 71,986 71,986 — 705 705 Mortgage warehouse lines — 130,390 130,390 — — — Consumer — 35,372 35,372 — 174 174 Other Credit cards — 2,182 2,182 — 17 17 Overdrafts — 1,352 1,352 — 354 354 Total $ 31,245 $ 3,051,573 $ 3,082,818 $ 1,378 $ 37,521 $ 38,899 1 $8.5 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 table presents the amortized cost basis of collateral dependent loans by loan pool, which are individually evaluated to determine expected credit losses, and the related ACLL allocated to those loans: December 31, 2022 Dollars in thousands Real Estate Secured Loans Non-Real Estate Secured Loans Total Loans Allowance for Credit Losses - Loans Commercial $ — $ 104 $ 104 $ — Commercial real estate - owner occupied Professional & medical 1,969 — 1,969 212 Retail 4,544 — 4,544 — Other — — — — Commercial real estate - non-owner occupied Hotels & motels 2,939 — 2,939 — Mini-storage — — — — Multifamily — — — — Retail 9,906 — 9,906 95 Other 5,551 — 5,551 287 Construction and development Land & land development 1,398 — 1,398 502 Construction — — — — Residential 1-4 family real estate Personal residence — — — — Rental - small loan 1,159 — 1,159 282 Rental - large loan 3,675 — 3,675 — Home equity — — — — Consumer — — — — Other Credit cards — — — — Overdrafts — — — — Total $ 31,141 $ 104 $ 31,245 $ 1,378 December 31, 2021 Dollars in thousands Real Estate Secured Loans Non-Real Estate Secured Loans Total Loans Allowance for Credit Losses - 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 8 - Property Held for Sale
Note 8 - Property Held for Sale | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Real Estate Owned [Text Block] | NOTE 8. PROPERTY HELD FOR SALE Property held for sale consists of premises held for sale (if any) and real estate acquired through foreclosure on loans secured by such real estate. Qualifying premises are transferred to property held for sale at estimated fair value less anticipated selling costs, establishing a new cost basis. Foreclosed properties are recorded at the estimated fair value less anticipated selling costs based upon the property’s appraised value at the date of foreclosure, with any difference between the fair value of foreclosed property and the carrying value of the related loan charged to the allowance for credit losses. We perform periodic valuations of property held for sale subsequent to transfer. Changes in value subsequent to transfer are recorded in noninterest expense. Gains or losses resulting from the sale of property held for sale is recognized on the date of sale and is included in noninterest expense. Depreciation is not The following table presents the activity of property held for sale during 2022 2021 2020 Dollars in thousands 2022 2021 2020 Beginning balance $ 9,858 $ 15,588 $ 19,276 Acquisitions 6 532 1,132 Acquisition of WinFirst — — 146 Capitalized improvements 36 — 1,352 Dispositions (4,646 ) (4,845 ) (4,535 ) Valuation adjustments (187 ) (1,417 ) (1,783 ) Balance at year end $ 5,067 $ 9,858 $ 15,588 At December 31, 2022 |
Note 9 - Premises and Equipment
Note 9 - Premises and Equipment | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 9. PREMISES AND EQUIPMENT Land is carried at cost, while premises and equipment are stated at cost less accumulated depreciation. Depreciation is computed primarily by the straight-line method for premises and equipment over the estimated useful lives of the assets. The estimated useful lives employed are on average 30 years for premises and 3 to 10 years for furniture and equipment. Repairs and maintenance expenditures are charged to operating expenses as incurred. Major improvements and additions to premises and equipment, including construction period interest costs, are capitalized. No interest was capitalized during 2022 2021 The major categories of premises and equipment and accumulated depreciation at December 31, 2022 2021 Dollars in thousands 2022 2021 Land $ 13,729 $ 13,786 Buildings and improvements 44,620 44,121 Furniture and equipment 31,827 31,188 90,176 89,095 Less accumulated depreciation (36,195 ) (32,724 ) Total premises and equipment, net $ 53,981 $ 56,371 Depreciation expense for the years ended December 31, 2022, 2021 2020 |
Note 10 - Lease Commitments
Note 10 - Lease Commitments | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | NOTE 10. We lease certain office facilities and office equipment under operating leases. Rent expense for all operating leases totaled $999,000 in 2022 2021 2020 No. 2016 02, Leases (Topic 842 The components of total lease expense in 2022 2021 2020 Dollars in thousands 2022 2021 2020 Amortization of lease right-of-use assets $ 961 $ 858 $ 540 Short-term lease expense 38 46 66 Total $ 999 $ 904 $ 606 Right-of-use lease assets totaled $6.0 million and $6.4 million at December 31, 2022 2021 December 31, 2022 2021 2022 2021 2020 December 31, 2022 Future Lease Payments Dollars in thousands 2023 $ 868 2024 851 2025 800 2026 759 2027 650 Thereafter 2,621 Total undiscounted operating lease liability $ 6,549 Imputed interest (468 ) Total operating lease liability included in the accompanying balance sheet $ 6,081 The weighted average remaining lease term was 8.6 years and 9 years at December 31, 2022 2021 December 31, 2022 2021 |
Note 11 - Goodwill and Other In
Note 11 - Goodwill and Other Intangible Assets | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 11. GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill and certain other intangible assets with indefinite useful lives are not December 31, 2022 2021. In accordance with ASU No. 2017 04, Intangibles - Goodwill and Other (Topic 350 third 2022, not not September 30, 2022. At December 31, 2022 December 31, 2021 Other Intangible Assets Dollars in thousands December 31, 2022 December 31, 2021 Identified intangible assets Gross carrying amount $ 15,828 $ 15,828 Less: accumulated amortization 9,025 7,585 Net carrying amount $ 6,803 $ 8,243 Amortization relative to our identified intangible assets is as follows: Core Deposit Dollars in thousands Intangible Actual: 2020 $ 1,659 2021 1,563 2022 1,440 Expected: 2023 1,299 2024 1,158 2025 1,019 2026 878 2027 737 Thereafter 1,642 |
Note 12 - Deposits
Note 12 - Deposits | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | NOTE 12. DEPOSITS The following is a summary of interest bearing deposits by type as of December 31, 2022 2021 Dollars in thousands 2022 2021 Demand deposits, interest bearing $ 1,743,299 $ 1,127,298 Savings deposits 496,751 698,156 Time deposits 376,213 548,649 Total $ 2,616,263 $ 2,374,103 Included in time deposits are deposits acquired through a third December 31, 2022 2021 A summary of the scheduled maturities for all time deposits as of December 31, 2022 Dollars in thousands Amount 2023 $ 207,317 2024 106,859 2025 33,723 2026 14,370 2027 8,185 Thereafter 5,759 Total $ 376,213 Time certificates of deposit in denominations of $250,000 December 31, 2022 Dollars in thousands Amount Three months or less $ 21,703 Three through six months 5,760 Six through twelve months 12,062 Over twelve months 48,489 Total $ 88,014 At December 31, 2022 2021 |
Note 13 - Borrowed Funds
Note 13 - Borrowed Funds | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 13. BORROWED FUNDS Our subsidiary bank is a member of the Federal Home Loan Bank (“FHLB”). Membership in the FHLB makes available short-term and long-term advances under collateralized borrowing arrangements with each subsidiary bank. All FHLB advances are collateralized by a blanket lien of $1.80 billion of residential mortgage loans, certain commercial loans, mortgage backed securities and securities of U. S. Government agencies and corporations. We had $284.4 million available on a short term line of credit with the Federal Reserve Bank at December 31, 2022 At December 31, 2022 1 365 Short-term borrowings: December 31, 2022 December 31, 2022 2021 December 31, 2022 2021 Dollars in thousands Short-term FHLB Advances Balance at December 31 $ 225,850 $ 140,000 Average balance outstanding for the period 204,118 140,000 Maximum balance outstanding at any month end during period 298,900 140,000 Weighted average interest rate for the period 2.37 % 0.33 % Weighted average interest rate for balances outstanding at December 31 4.47 % 0.26 % Long-term borrowings: December 31, 2022 2021 2026. 2022 2021 Subordinated debentures: fourth 2021 December 31, 2022 December 31, 2021.The 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 December 31, 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 $ 19.6 December 31, 2022 2021 In October 2002, March 2004, December 2005, 3 3 3 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 Dollars in thousands Long-term borrowings Subordinated debentures Subordinated debentures owed to unconsolidated subsidiary trusts 2023 $ 22 $ — $ — 2024 23 — — 2025 24 — — 2026 589 — — 2027 — — — Thereafter — 105,000 19,589 Total $ 658 $ 105,000 $ 19,589 |
Note 14 - Derivative Financial
Note 14 - Derivative Financial Instruments | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | NOTE 14. DERIVATIVE FINANCIAL INSTRUMENTS We use derivative instruments primarily to protect against the risk of adverse interest rate movements on the cash flows of certain assets and liabilities. Derivative instruments represent contracts between parties that usually require little or no one one As with any financial instrument, derivative instruments have inherent risks, primarily market and credit risk. Market risk associated with changes in interest rates is managed by establishing and monitoring limits as to the degree of risk that may All derivative instruments are recorded on the balance sheet at fair value in either other assets or other liabilities. Changes in the fair value of derivatives are recorded each period in current earnings or other comprehensive income, depending on whether a derivative is designated as part of a hedge transaction and the type of hedge transaction. Fair Value Hedges: Cash Flow Hedges: The ineffective portion of all hedges is recognized in current period earnings as a component of the interest income section of the related hedged item. Our derivatives are governed by the terms of ISDA Master netting agreements and Credit Support Annexes. The ISDA Master agreements allow counterparties to offset trades in a gain against trades in a loss to determine net exposure and allow for the right of offset in the event of either a default or an additional termination event. Credit Support Annexes govern the terms of daily collateral posting practices. Collateral practices mitigate the potential loss impact to affected parties by requiring liquid collateral to be posted on a scheduled basis to secure the aggregate net unsecured exposure. In addition to collateral, the right of offset allows counterparties to offset net derivative values with a defaulting party against certain other contractual receivables from other obligations due to the defaulting party in determining the net termination amount. Cash Flow Hedges We have entered into two pay-fixed/receive LIBOR interest rate swaps as follows: • 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 interest rate caps as follows: • 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 pay fixed/receive variable interest rate swaps to hedge fair value variability of two We have also entered into a pay fixed/receive variable interest rate swap to hedge fair value variability of certain available for sale taxable municipal securities, which is designated as a fair value hedge with a total original notional amount of $71.2 million. A summary of our derivative financial instruments as of December 31, 2022 2021 December 31, 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 hedging: Short term borrowings $ 40,000 $ 1,871 $ — $ — Interest rate caps hedging : Short term borrowings $ 100,000 $ 20,554 $ — $ — Indexed interest bearing demand deposit accounts 100,000 10,047 — — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps hedging: Commercial real estate loans $ 16,876 $ 911 $ — $ — Available for sale taxable municipal securities 71,245 7,123 — (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 hedging: Short term borrowings $ 40,000 $ — $ 83 $ — Interest rate caps hedging: Short term borrowings $ 100,000 $ 8,336 $ — $ — Indexed interest bearing demand deposit accounts 100,000 2,851 — — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps hedging: Commercial real estate loans $ 17,548 $ — $ 512 $ — Available for sale taxable municipal securities 71,245 — 529 22 |
Note 15 - Income Taxes
Note 15 - Income Taxes | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 15. INCOME TAXES Income taxes, computed on the separate return basis with the benefit of filing a consolidated return being recorded at the holding company, include Federal and state income taxes and are based on pretax net income reported in the consolidated financial statements, adjusted for transactions that may A tax position that meets a "probable recognition threshold" for the benefit of the uncertain tax position is recognized in the financial statements. A tax position that fails to meet the probable recognition threshold will result in either reduction of a current or deferred tax asset or receivable, or recording a current or deferred tax liability. We concluded that there were no The evaluation was performed for the years ended 2019 through 2022 , the tax years which remain subject to examination by major tax jurisdictions. The components of applicable income tax expense (benefit) for the years ended December 31, 2022, 2021 2020 Dollars in thousands 2022 2021 2020 Current Federal $ 12,222 $ 10,189 $ 10,189 State 1,654 1,210 1,440 13,876 11,399 11,629 Deferred Federal 191 231 (3,673 ) State 27 33 (528 ) 218 264 (4,201 ) Total $ 14,094 $ 11,663 $ 7,428 Reconciliation between the amount of reported income tax expense and the amount computed by multiplying the statutory income tax rates by book pretax income for the years ended December 31, 2022, 2021 2020 2022 2021 2020 Dollars in thousands Amount Percent Amount Percent Amount Percent Computed tax at applicable statutory rate $ 14,135 21 $ 12,054 21 $ 8,138 21 Increase (decrease) in taxes resulting from: Tax-exempt interest and dividends, net (1,005 ) (2 ) (829 ) (1 ) (788 ) (2 ) Low-income housing and rehabilitation tax credits (214 ) — (206 ) — (248 ) (1 ) State income taxes, net of Federal income tax benefit 1,328 2 982 2 720 2 Other, net (150 ) — (338 ) (1 ) (394 ) (1 ) Applicable income taxes $ 14,094 21 $ 11,663 21 $ 7,428 19 Deferred income taxes reflect the impact of "temporary differences" between amounts of assets and liabilities for financial reporting purposes and such amounts as measured for tax purposes. Deferred tax assets and liabilities represent the future tax return consequences of temporary differences, which will either be taxable or deductible when the related assets and liabilities are recovered or settled. The tax effects of temporary differences, which give rise to our deferred tax assets and liabilities as of December 31, 2022 2021 Dollars in thousands 2022 2021 Deferred tax assets Allowance for credit losses $ 11,003 $ 9,497 Foreclosed properties 789 2,089 Deferred compensation 4,830 4,803 Other deferred costs and accrued expenses 1,096 970 Net unrealized loss on debt securities available for sale 11,968 — Net unrealized loss on equity investments 17 Net unrealized loss on derivative financial instruments — — Total 29,703 17,359 Deferred tax liabilities Depreciation 726 630 Accretion on tax-exempt securities 8 9 Net unrealized gain on debt securities available for sale — 590 Net unrealized gain on interest rate swaps 8,299 1,136 Other post-retirement benefits 46 12 Acquisition accounting adjustments and goodwill 2,944 2,440 Total 12,023 4,817 Net deferred tax assets $ 17,680 $ 12,542 We may We are currently open to audit under the statute of limitations by the Internal Revenue Service for the years ended December 31, 2019 2021. 2020 2021 |
Note 16 - Employee Benefits
Note 16 - Employee Benefits | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Retirement Benefits [Text Block] | NOTE 16. EMPLOYEE BENEFITS Retirement Plans: 401 December 31, 2022, 2021 2020 Employee Stock Ownership Plan : The expense recognized by us is based on cash contributed or committed to be contributed by us to the ESOP during the year. Contributions to the ESOP for the years ended December 31, 2022, 2021 2020 December 31, 2022 December 31, 2021 The purchase of unallocated ESOP shares is shown as a reduction of shareholders' equity, similar to a purchase of treasury stock. The loan receivable from the ESOP to the Company is not not Unallocated ESOP shares will be allocated to ESOP participants ratably as the ESOP's loan is repaid. When the shares are committed to be released and become available for allocation to plan participants, the then fair value of such shares will be charged to compensation expense. The ESOP shares as of December 31 At December 31, 2022 2021 Allocated shares 528,628 504,154 Shares committed to be released 20,702 23,002 Unallocated shares — 20,702 Total ESOP shares 549,330 547,858 Market value of unallocated shares (in thousands) $ — $ 568 Supplemental Executive Retirement Plans: December 31, 2022 2021 December 31, 2022, 2021 2020 Share-Based Compensation: 2014 “2014 May 2014 2009 1998 not 2014 terms of the Plans. However, under the terms of the 2014 2014 Under the 2014 There were no grants of SARS or stock options during 2022 2020. 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 Grants 7 year expiration 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 SAR and option activity during 2020 2021 2022 Weighted Average Dollars in thousands, except per share amounts SARs/Options Aggregate Intrinsic Value Remaining Contractual Term (Yrs.) Exercise Price Outstanding, December 31, 2019 330,703 $ 20.44 Granted — — Exercised (1,400 ) 12.01 Forfeited — — Expired (100 ) 18.26 Outstanding, December 31, 2020 329,203 $ 20.47 Granted 177,489 21.85 Exercised (14,900 ) 8.92 Forfeited — — Expired — — Outstanding, December 31, 2021 491,792 $ 21.32 Granted — — Exercised (18,580 ) 20.21 Forfeited — — Expired — — Outstanding, December 31, 2022 473,212 $ 1,760 5.98 $ 21.36 Exercisable Options/SARs: December 31, 2022 259,037 $ 1,262 4.57 $ 20.33 December 31, 2021 204,116 1,683 4.81 19.20 December 31, 2020 177,875 1,118 5.27 17.07 The total intrinsic value of options and SARs exercised in 2022 2021 2020 2022 2021 2020 Grants of RSUs include time-based vesting conditions that generally vest ratably over a period of 3 to 5 years. During 2022, 2021, 2020, two Dollars in thousands, except per share amounts RSUs Weighted Average Grant Date Fair Value Nonvested, December 31, 2019 2,892 $ 25.93 Granted 13,758 19.63 Forfeited — — Vested (964 ) 25.93 Nonvested, December 31, 2020 15,686 $ 20.40 Granted 1,500 27.63 Forfeited — — Vested (4,171 ) 20.38 Nonvested, December 31, 2021 13,015 $ 21.24 Granted 707 28.28 Forfeited (313 ) 26.63 Vested (6,205 ) 22.65 Nonvested, December 31, 2022 7,204 $ 20.49 Total stock compensation expense for all share-based arrangements totaled $624,000, $646,000 and $527,000 for the years ended December 31, 2022, 2021 2020 2022 2021 2020 December 31, 2022 not $1.6 million |
Note 17 - Commitments and Conti
Note 17 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 17. 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: Dollars in thousands December 31, 2022 December 31, 2021 Commitments to extend credit: Revolving home equity and credit card lines $ 104,475 $ 97,540 Construction loans 271,062 265,056 Other loans 493,592 325,897 Standby letters of credit 56,528 22,859 Total $ 925,657 $ 711,352 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 no one Our exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. We use the same credit policies in making commitments and conditional obligations as we do for on-balance sheet instruments. Allowance For Credit Losses - Off-Balance-Sheet Credit Exposures The ACL on off-balance-sheet credit exposures is a liability account, calculated in accordance with ASC 326, No 7. The provision for credit losses on unfunded commitments was $(328,000) and $3.09 million for the years ended December 31, 2022 2021 December 31, 2022 2021 Employment Agreements We have various employment agreements with our executive officers and other key employees. These agreements contain change in control provisions that would entitle the officers to receive compensation in the event there is a change in control in the Company (as defined) and a termination of their employment without cause (as defined). Legal Contingencies We are not not |
Note 18 - Preferred Stock
Note 18 - Preferred Stock | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Preferred Stock [Text Block] | NOTE 18. In April 2021, 2021 6% 15th March, June, September December |
Note 19 - Regulatory Matters
Note 19 - Regulatory Matters | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | NOTE 19. REGULATORY MATTERS The primary source of funds for our dividends paid to our shareholders is dividends received from our subsidiaries. Dividends paid by the subsidiary bank are subject to restrictions by banking law and regulations and require approval by the Bank’s regulatory agency if dividends declared in any year exceed the bank’s current year's net income, as defined, plus its retained net profits of the two 2022, Our subsidiary bank may December 31, 2022 2021 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" December 31, 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 No. 2016 13, Financial Instruments - Credit Losses (Topic 326 January 1, 2020. The following tables present Summit's, as well as Summit Community's, actual and required minimum regulatory capital amounts and ratios as of December 31, 2022 December 31, 2021 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, 2022 CET1 (to risk weighted assets) Summit $ 299,993 8.6 % $ 245,141 7.0 % N/A N/A Summit Community 405,430 11.6 % 244,502 7.0 % 227,038 6.5 % Tier I Capital (to risk weighted assets) Summit 333,913 9.5 % 297,672 8.5 % N/A N/A Summit Community 405,430 11.6 % 296,896 8.5 % 279,431 8.0 % Total Capital (to risk weighted assets) Summit 472,955 13.5 % 367,712 10.5 % N/A N/A Summit Community 441,177 12.6 % 366,754 10.5 % 349,289 10.0 % Tier I Capital (to average assets) Summit 333,913 8.5 % 156,852 4.0 % N/A N/A Summit Community 405,430 10.4 % 156,338 4.0 % 195,422 5.0 % 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 20 - Earnings Per Share
Note 20 - Earnings Per Share | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 20. EARNINGS PER SHARE The computations of basic and diluted earnings per share follow: For the Year Ended December 31, 2022 2021 2020 Common Common Common Dollars in thousands, Income Shares Per Income Shares Per Income Shares Per except per share amounts (Numerator) (Denominator) Share (Numerator) (Denominator) Share (Numerator) (Denominator) Share Net income $ 53,216 $ 45,738 $ 31,326 Less preferred stock dividends (900 ) (589 ) — Basic EPS $ 52,316 12,760,649 $ 4.10 $ 45,149 12,943,883 $ 3.49 $ 31,326 12,935,430 $ 2.42 Effect of dilutive securities: Stock options — 44 4,320 SARs 56,616 53,964 34,785 RSUs 4,268 5,537 850 Diluted EPS $ 52,316 12,821,533 $ 4.08 $ 45,149 13,003,428 $ 3.47 $ 31,326 12,975,385 $ 2.41 Stock option and SAR grants are disregarded in this computation if they are determined to be anti-dilutive. At December 31, 2022 , anti-dilutive SARs totaled 224,424 . A December 31, 2021 December 31, 2020, |
Note 21 - Accumulated Other Com
Note 21 - Accumulated Other Comprehensive (Loss) Income | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | NOTE 21. The following are the changes in accumulated other comprehensive (loss) income by component, net of tax, for the years ended December 31, 2022, 2021 2020 December 31, 2022 Dollars in thousands Gains and Losses on Pension Plan Gains on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains and Losses on Debt Securities Available for Sale Unrealized Gains and Losses on Securities Fair Value Hedge Total Beginning balance $ 30 $ 9 $ 3,993 $ 1,868 $ (418 ) $ 5,482 Other comprehensive income (loss) before reclassification, net of tax (53 ) 163 16,874 (40,307 ) 5,824 (17,499 ) Amounts reclassified from accumulated other comprehensive loss, net of tax — — — 538 — 538 Net current period other comprehensive income (loss) (53 ) 163 16,874 (39,769 ) 5,824 (16,961 ) Ending balance $ (23 ) $ 172 $ 20,867 $ (37,901 ) $ 5,406 $ (11,479 ) December 31, 2021 Dollars in thousands Gains and Losses on Pension Plan Gains on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains and Losses on Debt Securities Available for Sale Unrealized Losses on Securities Fair Value Hedge Total Beginning balance $ (199 ) $ (40 ) $ (1,132 ) $ 6,816 $ — $ 5,445 Other comprehensive income (loss) before reclassification, net of tax 229 49 5,125 (4,625 ) (418 ) 360 Amounts reclassified from accumulated other comprehensive income, net of tax — — — (323 ) — (323 ) Net current period other comprehensive income (loss) 229 49 5,125 (4,948 ) (418 ) 37 Ending balance $ 30 $ 9 $ 3,993 $ 1,868 $ (418 ) $ 5,482 December 31, 2020 Dollars in thousands Gains and Losses on Pension Plan Gains on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains and Losses on Debt Securities Available for Sale Total Beginning balance $ (140 ) $ 48 $ (518 ) $ 3,145 $ 2,535 Other comprehensive income (loss) before reclassification, net of tax (59 ) (88 ) (614 ) 6,310 5,549 Amounts reclassified from accumulated other comprehensive income, net of tax — — — (2,639 ) (2,639 ) Net current period other comprehensive income (loss) (59 ) (88 ) (614 ) 3,671 2,910 Ending balance $ (199 ) $ (40 ) $ (1,132 ) $ 6,816 $ 5,445 |
Note 22 - Revenue From Contract
Note 22 - Revenue From Contracts With Customers | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 22. 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 A description of our significant sources of revenue accounted for under ASC 606 Service fees on deposit accounts Bank card revenue Trust and wealth management fees 1 2 third third third Insurance commissions The following table illustrates our total non-interest income segregated by revenues within the scope of ASC Topic 606 For the Year Ended December 31, Dollars in thousands 2022 2021 2020 Service fees on deposit accounts $ 6,150 $ 5,032 $ 4,588 Bank card revenue 6,261 5,896 4,494 Trust and wealth management fees 2,978 2,886 2,495 Other 516 626 567 Net revenue from contracts with customers 15,905 14,440 12,144 Non-interest income within the scope of other ASC topics 2,248 5,768 7,939 Total noninterest income $ 18,153 $ 20,208 $ 20,083 Gain or loss on sale of foreclosed properties December 31, 2022, 2021 2020 |
Note 23 - Condensed Financial S
Note 23 - Condensed Financial Statements of Parent Company | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | NOTE 23. CONDENSED FINANCIAL STATEMENTS OF PARENT COMPANY Information relative to our parent company balance sheets at December 31, 2022 2021 December 31, 2022, 2021 2020 Balance Sheets December 31, Dollars in thousands 2022 2021 Assets Cash $ 11,043 $ 14,279 Investment in subsidiaries 445,048 419,557 Equity investments (at fair value) 25,858 20,209 Other investments — — Premises and equipment 92 129 Other assets 1,802 1,971 Total assets $ 483,843 $ 456,145 Liabilities and Shareholders' Equity Subordinated debentures, net $ 103,296 $ 102,891 Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 Other liabilities 6,428 6,192 Total liabilities 129,313 128,672 Preferred stock, $ 1.00 250,000 1,500 14,920 14,920 Common stock and related surplus, $ 2.50 20,000,000 12,783,646 12,763,827 12,783,646 12,743,125 90,696 89,525 Unallocated common stock held by Employee Stock Ownership Plan - 2021 - 20,702 — (224 ) Retained earnings 260,393 217,770 Accumulated other comprehensive (loss) income (11,479 ) 5,482 Total shareholders' equity 354,530 327,473 Total liabilities and shareholders' equity $ 483,843 $ 456,145 Statements of Income For the Year Ended December 31, Dollars in thousands 2022 2021 2020 Income Dividends from subsidiaries $ 15,800 $ 12,100 $ 10,000 Other dividends and interest income 26 16 33 Net gains on equity investments 265 202 — Management and service fees from subsidiaries 2,088 1,920 1,856 Total income 18,179 14,238 11,889 Expense Interest expense 5,256 2,497 1,109 Operating expenses 3,283 3,736 3,306 Total expenses 8,539 6,233 4,415 Income before income taxes and equity in undistributed income of subsidiaries 9,640 8,005 7,474 Income tax (benefit) (1,251 ) (830 ) (519 ) Income before equity in undistributed income of subsidiaries 10,891 8,835 7,993 Equity in undistributed income of subsidiaries 42,325 36,903 23,333 Net income $ 53,216 $ 45,738 $ 31,326 Preferred stock dividends 900 589 — Net income applicable to common shares $ 52,316 $ 45,149 $ 31,326 Statements of Cash Flows For the Year Ended December 31, Dollars in thousands 2022 2021 2020 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 53,216 $ 45,738 $ 31,326 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed net income of subsidiaries (42,325 ) (36,903 ) (23,333 ) Deferred tax benefit (14 ) (164 ) (141 ) Depreciation 37 46 57 Gain on equity investments (265 ) (202 ) — Share-based compensation expense 231 244 211 Earnings on bank owned life insurance 17 4 1 Decrease (increase) in other assets 432 163 (285 ) Increase in other liabilities 1,209 584 977 Net cash provided by operating activities 12,538 9,510 8,813 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of equity investments (5,384 ) (20,000 ) — Investment in bank subsidiary — (55,000 ) (25,000 ) Purchases of premises and equipment — (124 ) (9 ) Proceeds from transfer of premises and equipment — 47 — Net cash used in investing activities (5,384 ) (75,077 ) (25,009 ) CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid on preferred stock (900 ) (589 ) — Dividends paid on common stock (9,693 ) (9,022 ) (8,786 ) Exercise of stock options — 16 — Proceeds from issuance of subordinated debt — 75,000 30,000 Purchase and retirement of common stock — (6,710 ) (1,444 ) Proceeds from issuance of preferred stock, net of issuance costs — 14,920 — Proceeds from issuance of common stock, net of issuance costs 203 294 178 Net cash (used in) provided by financing activities (10,390 ) 73,909 19,948 (Decrease) increase in cash (3,236 ) 8,342 3,752 Cash: Beginning 14,279 5,937 2,185 Ending $ 11,043 $ 14,279 $ 5,937 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash payments for: Interest $ 4,786 $ 2,195 $ 1,145 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Use of Estimates, Policy [Policy Text Block] | Use of estimates: |
Consolidation, Policy [Policy Text Block] | Principles of consolidation |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive income/loss : |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and cash equivalents : |
Financing Receivable, Held-for-sale [Policy Text Block] | Loans held for sale |
Cash Surrender Value of Life Insurance Policies [Policy Text Block] | Cash surrender value of life insurance policie s: |
Presentation of Cash Flows [Policy Text Block] | Presentation of cash flows three |
Advertising Cost [Policy Text Block] | Advertising : |
Trust Services [Policy Text Block] | Trust services not not not |
Transfers and Servicing of Financial Assets, Transfers of Financial Assets, Sales, Policy [Policy Text Block] | Transfer of Financial Assets : not |
Consolidation, Variable Interest Entity, Policy [Policy Text Block] | Unconsolidated subsidiary trusts : not 1 13 |
Note 3 - Acquisitions (Tables)
Note 3 - Acquisitions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | (Dollars in thousands) As Recorded by MVB Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 9,807 Total consideration 9,807 Identifiable assets acquired: Cash and cash equivalents $ 946 $ — $ 946 Loans Purchased performing 53,440 478 53,918 Purchased credit deteriorated 488 (91 ) 397 Premises and equipment 3,431 (129 ) 3,302 Core deposit intangibles — 178 178 Other assets 260 — 260 Total identifiable assets acquired $ 58,565 $ 436 $ 59,001 Identifiable liabilities assumed: Deposits 163,081 959 164,040 Other liabilities 45 — 45 Total identifiable liabilities assumed $ 163,126 $ 959 $ 164,085 Net liabilities assumed $ (104,561 ) $ (523 ) $ (105,084 ) Net cash received from MVB 94,753 Goodwill resulting from acquisition $ 10,331 (Dollars in thousands) As Recorded by WinFirst Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 21,705 Total consideration 21,705 Identifiable assets acquired: Cash and cash equivalents $ 13,030 $ — $ 13,030 Securities available for sale, at fair value 1,613 19 1,632 Loans Purchased performing 123,754 (968 ) 122,786 Purchased credit deteriorated — — — Allowance for credit losses on loans (1,227 ) 1,227 — Premises and equipment 171 (27 ) 144 Property held for sale 196 (50 ) 146 Core deposit intangibles — 81 81 Other assets 5,898 477 6,375 Total identifiable assets acquired $ 143,435 $ 759 $ 144,194 Identifiable liabilities assumed: Deposits 103,599 1,065 104,664 Short-term borrowings 3,000 — 3,000 Long-term borrowings 20,585 697 21,282 Other liabilities 270 — 270 Total identifiable liabilities assumed $ 127,454 $ 1,762 $ 129,216 Net identifiable assets acquired $ 15,981 $ (1,003 ) $ 14,978 Goodwill resulting from acquisition $ 6,727 (Dollars in thousands) As Recorded by MVB Bank Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 12,965 Total consideration 12,965 Identifiable assets acquired: Cash and cash equivalents $ 800 $ — $ 800 Loans Purchased performing 35,127 (1,185 ) 33,942 Premises and equipment 2,376 (42 ) 2,334 Core deposit intangibles — 125 125 Other assets 114 — 114 Total identifiable assets acquired $ 38,417 $ (1,102 ) $ 37,315 Identifiable liabilities assumed: Deposits 188,134 598 188,732 Other liabilities 102 — 102 Total identifiable liabilities assumed $ 188,236 $ 598 $ 188,834 Net liabilities assumed $ (149,819 ) $ (1,700 ) $ (151,519 ) Net cash received from MVB Bank 136,854 Goodwill resulting from acquisition $ 14,665 (Dollars in thousands) As Recorded by Cornerstone Estimated Fair Value Adjustments Estimated Fair Values as Recorded by Summit Cash consideration $ 14,250 Stock consideration 15,441 Total consideration 29,691 Identifiable assets acquired: Cash and cash equivalents $ 60,284 $ — $ 60,284 Securities available for sale, at fair value 90,075 (47 ) 90,028 Loans Purchased performing 37,965 188 38,153 Purchased credit deteriorated 1,877 (569 ) 1,308 Allowance for credit losses on loans (312 ) 312 — Premises and equipment 806 (142 ) 664 Property held for sale 10 — 10 Core deposit intangibles — 717 717 Other assets 4,324 (74 ) 4,250 Total identifiable assets acquired $ 195,029 $ 385 $ 195,414 Identifiable liabilities assumed: Deposits 173,027 239 173,266 Other liabilities 3,286 (7 ) 3,279 Total identifiable liabilities assumed $ 176,313 $ 232 $ 176,545 Net identifiable assets acquired $ 18,716 $ 153 $ 18,869 Goodwill resulting from acquisition $ 10,822 |
Schedule of Carrying Amount of Purchased Credit Deteriorated Financing Receivables [Table Text Block] | For the Year Ended December 31, Dollars in thousands 2021 2020 Purchase price of PCD loans at acquisition $ 488 $ 12,649 Allowance for credit losses - loans at acquisition 91 796 Non-credit discount at acquisition (2 ) 568 Par value of PCD loans at acquisition 399 11,285 |
Note 4 - Fair Value Measureme_2
Note 4 - Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 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 December 31, 2022 Level 1 Level 2 Level 3 Debt securities available for sale U.S. Government sponsored agencies $ 20,219 $ — $ 20,219 $ — Residential mortgage-backed securities: Government sponsored agencies 51,456 — 51,456 — Nongovernment sponsored entities 61,617 — 61,617 — State and political subdivisions 93,067 — 93,067 — Corporate debt securities 31,628 — 29,788 1,840 Asset-backed securities 19,476 — 19,476 — Tax-exempt state and political subdivisions 127,738 — 127,738 — Total debt securities available for sale $ 405,201 $ — $ 403,361 $ 1,840 Equity investments $ 29,494 $ 25,766 $ 3,728 $ — Derivative financial assets Interest rate caps $ 30,601 $ — $ 30,601 $ — Interest rate swaps 9,905 — 9,905 — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2021 Level 1 Level 2 Level 3 Debt securities available for sale U.S. Government sponsored agencies $ 36,629 $ — $ 36,629 $ — 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 $ — Equity investments $ 20,609 $ 20,202 $ 407 $ — 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 December 31, 2022 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ — $ — $ — $ — Collateral-dependent loans with an ACLL Commercial real estate $ 3,051 $ — $ 3,051 $ — Construction and development 350 — 350 — Residential real estate 182 — 182 — Total collateral-dependent loans with an ACLL $ 3,583 $ — $ 3,583 $ — Property held for sale Commercial real estate $ 297 $ — $ 297 $ — Construction and development 4,480 — 4,480 — Residential real estate — — — — Total property held for sale $ 4,777 $ — $ 4,777 $ — 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 impaired loans Commercial real estate $ 2,417 $ — $ 2,417 $ — Construction and development 693 — 693 — Residential real estate 528 — 528 — Total collateral-dependent impaired loans $ 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] | At December 31, 2022 Fair Value Measurements Using: Dollars in thousands Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 44,717 $ 44,717 $ 16,469 $ 28,248 $ — Debt securities available for sale 405,201 405,201 — 403,361 1,840 Debt securities held to maturity 96,163 86,627 — 86,627 — Equity investments 29,494 29,494 25,766 3,728 — Other investments 16,029 16,029 — 16,029 — Loans held for sale, net — — — — — Loans, net 3,043,919 2,966,814 — 3,583 2,963,231 Accrued interest receivable 15,866 15,866 — 15,866 — Cash surrender value of life insurance policies and annuities 71,640 71,640 — 71,640 — Derivative financial assets 40,506 40,506 — 40,506 — $ 3,763,535 $ 3,676,894 $ 42,235 $ 669,588 $ 2,965,071 Financial liabilities Deposits $ 3,169,879 $ 3,166,762 $ — $ 3,166,762 $ — Short-term borrowings 225,999 225,999 — 225,999 — Long-term borrowings 658 667 — 667 — Subordinated debentures 103,296 91,801 — 91,801 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 2,357 2,357 — 2,357 — $ 3,521,778 $ 3,507,175 $ — $ 3,507,175 $ — At December 31, 2021 Fair Value Measurements Using: Dollars in thousands Carrying Value Estimated Fair 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 20,609 20,609 20,202 407 — Other investments 10,897 10,897 — 10,897 — 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 $ 41,208 $ 657,344 $ 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 5 - Debt Securities (Table
Note 5 - Debt Securities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Marketable Securities [Table Text Block] | December 31, 2022 Unrealized Dollars in thousands Amortized Cost Gains Losses Fair Value Debt Securities Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 20,446 $ 83 $ 310 $ 20,219 Residential mortgage-backed securities: Government-sponsored agencies 55,184 80 3,808 51,456 Nongovernment-sponsored entities 65,860 48 4,291 61,617 State and political subdivisions General obligations 82,410 9 19,924 62,495 Various tax revenues 10,699 — 2,591 8,108 Other revenues 29,044 — 6,580 22,464 Corporate debt securities 33,409 44 1,825 31,628 Asset-backed securities 20,009 — 533 19,476 Total taxable debt securities 317,061 264 39,862 277,463 Tax-exempt debt securities State and political subdivisions General obligations 93,910 281 6,719 87,472 Water and sewer revenues 17,560 120 1,154 16,526 Lease revenues 7,411 47 411 7,047 Various tax revenues 7,851 — 1,115 6,736 Other revenues 11,274 9 1,326 9,957 Total tax-exempt debt securities 138,006 457 10,725 127,738 Total debt securities available for sale $ 455,067 $ 721 $ 50,587 $ 405,201 December 31, 2021 Unrealized Dollars in thousands Amortized Cost Gains Losses Fair Value Debt Securities Available for Sale Taxable debt securities U.S. Government and agencies and corporations $ 36,820 $ 169 $ 360 $ 36,629 Residential mortgage-backed securities: Government-sponsored agencies 61,646 1,153 588 62,211 Nongovernment-sponsored entities 26,839 26 279 26,586 State and political subdivisions General obligations 78,627 377 1,323 77,681 Water and sewer revenues 9,839 294 — 10,133 Lease revenues 6,401 215 26 6,590 Income tax revenues 6,487 250 3 6,734 Sales tax revenues 6,909 19 99 6,829 Various tax revenues 13,031 218 203 13,046 Utility revenues 7,153 137 130 7,160 Other revenues 9,291 331 9 9,613 Corporate debt securities 30,524 78 324 30,278 Asset-backed securities 24,873 97 87 24,883 Total taxable debt securities 318,440 3,364 3,431 318,373 Tax-exempt debt securities State and political subdivisions General obligations 47,583 1,526 270 48,839 Water and sewer revenues 10,618 375 15 10,978 Lease revenues 7,974 553 31 8,496 Other revenues 14,028 405 16 14,417 Total tax-exempt debt securities 80,203 2,859 332 82,730 Total debt securities available for sale $ 398,643 $ 6,223 $ 3,763 $ 401,103 |
Summary of Volume of State and Political Subdivision Securities Held in Portfolio [Table Text Block] | December 31, 2022 Unrealized Dollars in thousands Amortized Cost Gains Losses Fair Value California $ 47,586 $ — $ 11,020 $ 36,566 Texas 38,457 228 5,089 33,596 Michigan 23,956 55 2,489 21,522 Washington 20,655 11 1,784 18,882 Oregon 15,760 — 4,173 11,587 |
Schedule of Realized Gain (Loss) [Table Text Block] | Dollars in thousands Proceeds from Gross realized Calls and Principal Years ended December 31, Sales Maturities Payments Gains Losses 2022 $ 69,211 $ 1,875 $ 37,860 $ 288 $ 996 2021 64,932 8,070 29,869 1,210 785 2020 124,809 3,525 24,654 3,489 17 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Dollars in thousands Amortized Cost Fair Value Due in one year or less $ 43,819 $ 42,123 Due from one to five years 85,057 80,169 Due from five to ten years 73,253 66,365 Due after ten years 252,938 216,544 Total $ 455,067 $ 405,201 |
Schedule of Unrealized Loss on Investments [Table Text Block] | 2022 Less than 12 months 12 months or more Total Dollars in thousands # of securities in loss position Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Taxable debt securities U.S. Government agencies and corporations 28 $ 8,012 $ 99 $ 9,577 $ 211 $ 17,589 $ 310 Residential mortgage-backed securities: Government-sponsored agencies 58 21,831 1,104 19,459 2,704 41,290 3,808 Nongovernment-sponsored entities 27 35,727 2,974 10,041 1,317 45,768 4,291 State and political subdivisions: General obligations 56 11,258 1,476 49,858 18,448 61,116 19,924 Various tax revenues 7 1,352 276 6,756 2,315 8,108 2,591 Other revenues 23 6,361 1,040 16,103 5,540 22,464 6,580 Corporate debt securities 20 8,308 591 13,072 1,234 21,380 1,825 Asset-backed securities 13 11,680 277 7,796 256 19,476 533 Tax-exempt debt securities State and political subdivisions: General obligations 52 50,671 1,823 26,062 4,896 76,733 6,719 Water and sewer revenues 13 8,800 403 4,471 751 13,271 1,154 Lease revenues 2 3,330 11 1,985 400 5,315 411 Various tax revenues 4 3,597 439 3,139 676 6,736 1,115 Other revenues 7 2,900 393 4,812 933 7,712 1,326 Total 310 $ 173,827 $ 10,906 $ 173,131 $ 39,681 $ 346,958 $ 50,587 2021 Less than 12 months 12 months or more Total Dollars in thousands # of securities in loss position Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Taxable debt securities U.S. Government 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] | December 31, 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 $ 70,401 $ — $ 6,480 $ 63,921 Water and sewer revenues 8,006 — 672 7,334 Lease revenues 4,234 — 534 3,700 Sales tax revenues 4,515 — 689 3,826 Various tax revenues 5,511 — 871 4,640 Other revenues 3,496 — 290 3,206 Total Debt Securities Held to Maturity $ 96,163 $ — $ 9,536 $ 86,627 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] | December 31, 2022 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Texas $ 15,101 $ — $ 1,301 $ 13,800 California 9,665 — 759 8,906 Pennsylvania 8,479 — 726 7,753 Florida 7,465 — 1,020 6,445 Michigan 6,904 — 797 6,107 |
Debt Securities Held to Maturity by Credit Rating [Table Text Block] | December 31, 2022 Dollars in thousands AAA AA A BBB Below Investment Grade Tax-exempt state and political subdivisions $ 12,846 $ 75,932 $ 7,385 $ — $ — 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] | Dollars in thousands Amortized Cost Estimated Fair Value Due in one year or less $ — $ — Due from one to five years — — Due from five to ten years 2,811 2,613 Due after ten years 93,352 84,014 Total $ 96,163 $ 86,627 |
Note 7 - Loans and Allowance _2
Note 7 - Loans and Allowance for Credit Losses on Loans (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Dollars in thousands 2022 2021 Commercial $ 501,844 $ 365,301 Commercial real estate - owner occupied Professional & medical 120,872 150,759 Retail 188,196 190,304 Other 157,982 143,645 Commercial real estate - non-owner occupied Hotels & motels 141,042 128,450 Mini-storage 51,109 59,045 Multifamily 272,705 233,157 Retail 192,270 162,758 Other 347,242 282,621 Construction and development Land & land development 106,362 100,805 Construction 282,935 146,038 Residential 1-4 family real estate Personal residence 265,326 262,805 Rental - small loan 121,548 121,989 Rental - large loan 92,103 79,108 Home equity 71,986 72,112 Mortgage warehouse lines 130,390 227,869 Consumer 35,372 31,923 Other Credit cards 2,182 1,891 Overdrafts 1,352 811 Total loans, net of unearned fees 3,082,818 2,761,391 Less allowance for credit losses - loans 38,899 32,298 Loans, net $ 3,043,919 $ 2,729,093 |
Financing Receivable, Past Due [Table Text Block] | At December 31, 2022 Past Due Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current 90 days or more and Accruing Commercial $ 2,982 $ 201 $ 34 $ 3,217 $ 498,627 $ — Commercial real estate - owner occupied Professional & medical 100 — — 100 120,772 — Retail — — 221 221 187,975 — Other 376 135 37 548 157,434 — Commercial real estate - non-owner occupied Hotels & motels — — — — 141,042 — Mini-storage — — — — 51,109 — Multifamily — — 58 58 272,647 — Retail 165 — 438 603 191,667 — Other — — — — 347,242 — Construction and development Land & land development 317 852 — 1,169 105,193 — Construction — — — — 282,935 — Residential 1-4 family real estate Personal residence 3,768 741 1,969 6,478 258,848 — Rental - small loan 1,093 582 816 2,491 119,057 — Rental - large loan — — — — 92,103 — Home equity 1,401 105 52 1,558 70,428 — Mortgage warehouse lines — — — — 130,390 — Consumer 182 71 — 253 35,119 — Other Credit cards 9 13 12 34 2,148 12 Overdrafts — — — — 1,352 — Total $ 10,393 $ 2,700 $ 3,637 $ 16,730 $ 3,066,088 $ 12 At December 31, 2021 Past Due Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current 90 days or more and 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] | December 31, 2022 December 31, 2021 Dollars in thousands Nonaccrual Nonaccrual with No Allowance for Credit Losses - Loans Nonaccrual Nonaccrual with No Allowance for Credit Losses - Loans Commercial $ 93 $ 48 $ 740 $ 96 Commercial real estate - owner occupied Professional & medical — — — — Retail 350 — 775 — Other 423 — 341 — Commercial real estate - non-owner occupied Hotels & motels — — 3,085 — Mini-storage — — — — Multifamily 538 — 55 — Retail 439 — 338 — Other — — 9 — Construction and development Land & land development 852 — 1,560 — Construction — — — — Residential 1-4 family real estate Personal residence 2,892 — 2,504 — Rental - small loan 2,066 — 3,094 — Rental - large loan — — — — Home equity 158 — 174 — Mortgage warehouse lines — — — — Consumer — — 17 — Other Credit cards — — — — Overdrafts — — — — Total $ 7,811 $ 48 $ 12,692 $ 96 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | 2022 2021 2020 Dollars in thousands Number of Modifications Pre-modification Recorded Investment Post- modification Recorded Investment Number of Modifications Pre- modification Recorded Investment Post- modification Recorded Investment Number of Modifications Pre- modification Recorded Investment Post- modification Recorded Investment Commercial real estate - owner occupied Other — $ — $ — — $ — $ — 1 $ 361 $ 361 Residential 1-4 family real estate Personal residence 9 692 692 4 294 294 1 48 48 Rental - small loan — — — — — — 1 399 399 Rental - large loan 1 671 671 — — — — — — Home equity 2 158 158 — — — — — — Total 12 $ 1,521 $ 1,521 4 $ 294 $ 294 3 $ 808 $ 808 |
Schedule of Defaults During Stated Period of Trouble Debt Restructurings [Table Text Block] | 2022 2021 2020 Dollars in thousands Number of Defaults Recorded Investment at Default Date Number of Defaults Recorded Investment at Default Date Number of Defaults Recorded Investment at Default Date Commercial real estate - owner occupied Other — $ — — $ — 1 $ 361 Residential 1-4 family real estate Personal residence 1 22 1 44 1 48 Rental - small loan — — — — 1 399 Home equity 1 107 — — — — Total 2 $ 129 1 $ 44 3 $ 808 |
Financing Receivable Credit Quality Indicators [Table Text Block] | December 31, 2022 Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior Revolving Revolving - Term Total Commercial Pass $ 145,996 $ 73,702 $ 27,247 $ 20,300 $ 3,056 $ 10,429 $ 194,641 $ — $ 475,371 Special Mention 689 23,055 267 51 17 149 2,010 — 26,238 Substandard 52 56 — 48 24 — 55 — 235 Total Commercial 146,737 96,813 27,514 20,399 3,097 10,578 196,706 — 501,844 Commercial Real Estate - Owner Occupied Professional & medical Pass 13,750 47,010 10,312 6,621 3,981 35,476 2,090 — 119,240 Special Mention — — 1,119 — — 233 — — 1,352 Substandard — — 72 — — 208 — — 280 Total Professional & Medical 13,750 47,010 11,503 6,621 3,981 35,917 2,090 — 120,872 Retail Pass 23,604 70,257 28,128 28,327 8,163 26,538 2,226 — 187,243 Special Mention — — — — — 603 — — 603 Substandard — — — — — 350 — — 350 Total Retail 23,604 70,257 28,128 28,327 8,163 27,491 2,226 — 188,196 Other Pass 43,811 27,174 24,870 7,778 15,346 34,720 3,412 — 157,111 Special Mention — 56 — — — 392 — — 448 Substandard — — — — 107 316 — — 423 Total Other 43,811 27,230 24,870 7,778 15,453 35,428 3,412 — 157,982 Total Commercial Real Estate - Owner Occupied 81,165 144,497 64,501 42,726 27,597 98,836 7,728 — 467,050 Commercial Real Estate - Non-Owner Occupied Hotels & motels Pass 32,059 1,695 3,192 32,688 15,358 12,899 4,081 — 101,972 Special Mention — — — 36,131 — — — — 36,131 Substandard — — 2,716 — — 223 — — 2,939 Total Hotels & Motels 32,059 1,695 5,908 68,819 15,358 13,122 4,081 — 141,042 Mini-storage Pass 2,868 13,191 7,679 3,776 13,017 10,419 115 — 51,065 Special Mention — — — — — 44 — — 44 Total Mini-storage 2,868 13,191 7,679 3,776 13,017 10,463 115 — 51,109 Multifamily Pass 57,727 56,073 53,558 29,479 21,359 53,244 646 — 272,086 Special Mention — — 81 — — — — — 81 Substandard — — 480 — — 58 — — 538 Total Multifamily 57,727 56,073 54,119 29,479 21,359 53,302 646 — 272,705 December 31, 2022 Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior Revolving Revolving - Term Total Retail Pass 46,278 52,387 39,609 5,449 6,999 25,315 7,053 — 183,090 Special Mention — — — — — 964 — — 964 Substandard — — — 7,778 — 438 — — 8,216 Total Retail 46,278 52,387 39,609 13,227 6,999 26,717 7,053 — 192,270 Other Pass 94,765 123,551 52,592 12,281 5,444 47,752 1,953 — 338,338 Special Mention 5,465 — — — 538 — — — 6,003 Substandard — — — — — 2,901 — — 2,901 Total Other 100,230 123,551 52,592 12,281 5,982 50,653 1,953 — 347,242 Total Commercial Real Estate - Non-Owner Occupied 239,162 246,897 159,907 127,582 62,715 154,257 13,848 — 1,004,368 Construction and Development Land & land development Pass 27,857 23,490 10,670 13,395 5,142 15,859 7,484 — 103,897 Special Mention — — 149 109 — 473 — — 731 Substandard — — — — — 1,734 — — 1,734 Total Land & land development 27,857 23,490 10,819 13,504 5,142 18,066 7,484 — 106,362 Construction Pass 82,650 140,764 54,584 317 1,355 — 2,940 — 282,610 Substandard — — — — 325 — — — 325 Total Construction 82,650 140,764 54,584 317 1,680 — 2,940 — 282,935 Total Construction and Development 110,507 164,254 65,403 13,821 6,822 18,066 10,424 — 389,297 Residential 1-4 Family Real Estate Personal residence Pass 38,783 39,416 30,297 16,003 16,581 105,822 — — 246,902 Special Mention — 53 — 180 74 9,074 — — 9,381 Substandard — 68 — 620 901 7,454 — — 9,043 Total Personal Residence 38,783 39,537 30,297 16,803 17,556 122,350 — — 265,326 Rental - small loan Pass 22,692 26,654 11,609 10,995 8,103 30,508 5,784 — 116,345 Special Mention — 224 103 — — 1,100 — — 1,427 Substandard — — — 156 239 3,269 112 — 3,776 Total Rental - Small Loan 22,692 26,878 11,712 11,151 8,342 34,877 5,896 — 121,548 Rental - large loan Pass 28,090 31,401 11,033 3,631 3,932 9,045 894 — 88,026 Special Mention — — — — — 26 — — 26 Substandard 670 — — — — 3,381 — — 4,051 Total Rental - Large Loan 28,760 31,401 11,033 3,631 3,932 12,452 894 — 92,103 Home equity Pass 65 219 55 50 192 2,118 67,155 — 69,854 Special Mention — — — — 125 626 757 — 1,508 Substandard 51 — — — 58 461 54 — 624 Total Home Equity 116 219 55 50 375 3,205 67,966 — 71,986 Total Residential 1-4 Family Real Estate 90,351 98,035 53,097 31,635 30,205 172,884 74,756 — 550,963 Mortgage warehouse lines Pass — — — — — — 130,390 — 130,390 Total Mortgage Warehouse Lines — — — — — — 130,390 — 130,390 Consumer Pass 17,594 7,620 3,066 1,806 749 1,221 889 — 32,945 Special Mention 1,332 362 179 83 18 102 6 — 2,082 Substandard 207 75 31 — 3 1 28 — 345 Total Consumer 19,133 8,057 3,276 1,889 770 1,324 923 — 35,372 December 31, 2022 Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior Revolving Revolving - Term Total Other Credit cards Pass 2,182 — — — — — — — 2,182 Total Credit Cards 2,182 — — — — — — — 2,182 Overdrafts Pass 1,352 — — — — — — — 1,352 Total Overdrafts 1,352 — — — — — — — 1,352 Total Other 3,534 — — — — — — — 3,534 Total $ 690,589 $ 758,553 $ 373,698 $ 238,052 $ 131,206 $ 455,945 $ 434,775 $ — $ 3,082,818 December 31, 2021 Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior Revolving Revolving - Term Total Commercial Pass $ 123,890 $ 36,339 $ 31,116 $ 5,549 $ 8,831 $ 14,061 $ 141,003 $ — $ 360,789 Special Mention 693 279 69 41 60 539 1,984 — 3,665 Substandard 135 45 110 48 18 7 484 — 847 Total Commercial 124,718 36,663 31,295 5,638 8,909 14,607 143,471 — 365,301 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 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 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 December 31, 2021 Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior Revolving Revolving - Term Total Other Pass 107,962 82,846 14,211 8,443 11,421 51,587 2,620 — 279,090 Special Mention — — — 572 — — — — 572 Doubtful — — — — — 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 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 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 December 31, 2021 Dollars in thousands Risk Rating 2021 2020 2019 2018 2017 Prior Revolving Revolving - Term Total 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 |
Schedule of Related Party Transactions [Table Text Block] | Dollars in thousands 2022 2021 Balance, beginning $ 53,212 $ 55,092 Additions 516 2,677 Amounts collected (4,419 ) (4,557 ) Balance, ending $ 49,309 $ 53,212 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | For the Year Ended December 31, 2022 Allowance for Credit Losses - Loans Dollars in thousands Beginning Balance Provision for Credit Losses - Loans Charge-offs Recoveries Ending Balance Commercial $ 3,218 $ 1,774 $ (237 ) $ 186 $ 4,941 Commercial real estate - owner occupied Professional & medical 1,092 (126 ) — — 966 Retail 1,362 (79 ) (108 ) 1 1,176 Other 575 (88 ) (61 ) — 426 Commercial real estate - non-owner occupied Hotels & motels 2,532 (1,329 ) — — 1,203 Mini-storage 133 (51 ) — — 82 Multifamily 1,821 1,080 — 6 2,907 Retail 1,074 228 — 60 1,362 Other 1,820 593 — 39 2,452 Construction and development Land & land development 3,468 76 (71 ) 9 3,482 Construction 6,346 4,792 — — 11,138 Residential 1-4 family real estate Personal residence 2,765 230 (112 ) 56 2,939 Rental - small loan 2,834 (848 ) (211 ) 132 1,907 Rental - large loan 2,374 294 — — 2,668 Home equity 497 179 (8 ) 37 705 Mortgage warehouse lines — — — — — Consumer 163 70 (174 ) 115 174 Other Credit cards 17 7 (24 ) 17 17 Overdrafts 207 476 (433 ) 104 354 Total $ 32,298 $ 7,278 $ (1,439 ) $ 762 $ 38,899 For the Year Ended December 31, 2021 Allowance for Credit Losses - Loans Dollars in thousands Beginning Balance Provision for Credit Losses - Loans Adjustment for PCD Acquired Loans Charge-offs Recoveries Ending 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] | December 31, 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 $ 104 $ 501,740 $ 501,844 $ — $ 4,941 $ 4,941 Commercial real estate - owner occupied Professional & medical 1,969 118,903 120,872 212 754 966 Retail 4,544 183,652 188,196 — 1,176 1,176 Other — 157,982 157,982 — 426 426 Commercial real estate - non-owner occupied Hotels & motels 2,939 138,103 141,042 — 1,203 1,203 Mini-storage — 51,109 51,109 — 82 82 Multifamily — 272,705 272,705 — 2,907 2,907 Retail 9,906 182,364 192,270 95 1,267 1,362 Other 5,551 341,691 347,242 287 2,165 2,452 Construction and development Land & land development 1,398 104,964 106,362 502 2,980 3,482 Construction — 282,935 282,935 — 11,138 11,138 Residential 1-4 family real estate Personal residence — 265,326 265,326 — 2,939 2,939 Rental - small loan 1,159 120,389 121,548 282 1,625 1,907 Rental - large loan 3,675 88,428 92,103 — 2,668 2,668 Home equity — 71,986 71,986 — 705 705 Mortgage warehouse lines — 130,390 130,390 — — — Consumer — 35,372 35,372 — 174 174 Other Credit cards — 2,182 2,182 — 17 17 Overdrafts — 1,352 1,352 — 354 354 Total $ 31,245 $ 3,051,573 $ 3,082,818 $ 1,378 $ 37,521 $ 38,899 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] | December 31, 2022 Dollars in thousands Real Estate Secured Loans Non-Real Estate Secured Loans Total Loans Allowance for Credit Losses - Loans Commercial $ — $ 104 $ 104 $ — Commercial real estate - owner occupied Professional & medical 1,969 — 1,969 212 Retail 4,544 — 4,544 — Other — — — — Commercial real estate - non-owner occupied Hotels & motels 2,939 — 2,939 — Mini-storage — — — — Multifamily — — — — Retail 9,906 — 9,906 95 Other 5,551 — 5,551 287 Construction and development Land & land development 1,398 — 1,398 502 Construction — — — — Residential 1-4 family real estate Personal residence — — — — Rental - small loan 1,159 — 1,159 282 Rental - large loan 3,675 — 3,675 — Home equity — — — — Consumer — — — — Other Credit cards — — — — Overdrafts — — — — Total $ 31,141 $ 104 $ 31,245 $ 1,378 December 31, 2021 Dollars in thousands Real Estate Secured Loans Non-Real Estate Secured Loans Total Loans Allowance for Credit Losses - 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 8 - Property Held for Sa_2
Note 8 - Property Held for Sale (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Activity of Property Held for Sale [Table Text Block] | Dollars in thousands 2022 2021 2020 Beginning balance $ 9,858 $ 15,588 $ 19,276 Acquisitions 6 532 1,132 Acquisition of WinFirst — — 146 Capitalized improvements 36 — 1,352 Dispositions (4,646 ) (4,845 ) (4,535 ) Valuation adjustments (187 ) (1,417 ) (1,783 ) Balance at year end $ 5,067 $ 9,858 $ 15,588 |
Note 9 - Premises and Equipme_2
Note 9 - Premises and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | Dollars in thousands 2022 2021 Land $ 13,729 $ 13,786 Buildings and improvements 44,620 44,121 Furniture and equipment 31,827 31,188 90,176 89,095 Less accumulated depreciation (36,195 ) (32,724 ) Total premises and equipment, net $ 53,981 $ 56,371 |
Note 10 - Lease Commitments (Ta
Note 10 - Lease Commitments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Lease Commitments, Components of Lease Expense [Table Text Block] | Dollars in thousands 2022 2021 2020 Amortization of lease right-of-use assets $ 961 $ 858 $ 540 Short-term lease expense 38 46 66 Total $ 999 $ 904 $ 606 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Future Lease Payments Dollars in thousands 2023 $ 868 2024 851 2025 800 2026 759 2027 650 Thereafter 2,621 Total undiscounted operating lease liability $ 6,549 Imputed interest (468 ) Total operating lease liability included in the accompanying balance sheet $ 6,081 |
Note 11 - Goodwill and Other _2
Note 11 - Goodwill and Other Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Other Intangible Assets Dollars in thousands December 31, 2022 December 31, 2021 Identified intangible assets Gross carrying amount $ 15,828 $ 15,828 Less: accumulated amortization 9,025 7,585 Net carrying amount $ 6,803 $ 8,243 |
Finite-Lived Intangible Assets Amortization Expense [Table Text Block] | Core Deposit Dollars in thousands Intangible Actual: 2020 $ 1,659 2021 1,563 2022 1,440 Expected: 2023 1,299 2024 1,158 2025 1,019 2026 878 2027 737 Thereafter 1,642 |
Note 12 - Deposits (Tables)
Note 12 - Deposits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | Dollars in thousands 2022 2021 Demand deposits, interest bearing $ 1,743,299 $ 1,127,298 Savings deposits 496,751 698,156 Time deposits 376,213 548,649 Total $ 2,616,263 $ 2,374,103 |
Summary of Scheduled Maturities for All Time Deposits [Table Text Block] | Dollars in thousands Amount 2023 $ 207,317 2024 106,859 2025 33,723 2026 14,370 2027 8,185 Thereafter 5,759 Total $ 376,213 |
Time Deposit Maturities [Table Text Block] | Dollars in thousands Amount Three months or less $ 21,703 Three through six months 5,760 Six through twelve months 12,062 Over twelve months 48,489 Total $ 88,014 |
Note 13 - Borrowed Funds (Table
Note 13 - Borrowed Funds (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Short-Term Debt [Table Text Block] | December 31, 2022 2021 Dollars in thousands Short-term FHLB Advances Balance at December 31 $ 225,850 $ 140,000 Average balance outstanding for the period 204,118 140,000 Maximum balance outstanding at any month end during period 298,900 140,000 Weighted average interest rate for the period 2.37 % 0.33 % Weighted average interest rate for balances outstanding at December 31 4.47 % 0.26 % |
Schedule of Maturities of Long-Term Debt [Table Text Block] | Dollars in thousands Long-term borrowings Subordinated debentures Subordinated debentures owed to unconsolidated subsidiary trusts 2023 $ 22 $ — $ — 2024 23 — — 2025 24 — — 2026 589 — — 2027 — — — Thereafter — 105,000 19,589 Total $ 658 $ 105,000 $ 19,589 |
Note 14 - Derivative Financia_2
Note 14 - Derivative Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Interest Rate Derivatives [Table Text Block] | December 31, 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 hedging: Short term borrowings $ 40,000 $ 1,871 $ — $ — Interest rate caps hedging : Short term borrowings $ 100,000 $ 20,554 $ — $ — Indexed interest bearing demand deposit accounts 100,000 10,047 — — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps hedging: Commercial real estate loans $ 16,876 $ 911 $ — $ — Available for sale taxable municipal securities 71,245 7,123 — (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 hedging: Short term borrowings $ 40,000 $ — $ 83 $ — Interest rate caps hedging: Short term borrowings $ 100,000 $ 8,336 $ — $ — Indexed interest bearing demand deposit accounts 100,000 2,851 — — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps hedging: Commercial real estate loans $ 17,548 $ — $ 512 $ — Available for sale taxable municipal securities 71,245 — 529 22 |
Note 15 - Income Taxes (Tables)
Note 15 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Dollars in thousands 2022 2021 2020 Current Federal $ 12,222 $ 10,189 $ 10,189 State 1,654 1,210 1,440 13,876 11,399 11,629 Deferred Federal 191 231 (3,673 ) State 27 33 (528 ) 218 264 (4,201 ) Total $ 14,094 $ 11,663 $ 7,428 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 2022 2021 2020 Dollars in thousands Amount Percent Amount Percent Amount Percent Computed tax at applicable statutory rate $ 14,135 21 $ 12,054 21 $ 8,138 21 Increase (decrease) in taxes resulting from: Tax-exempt interest and dividends, net (1,005 ) (2 ) (829 ) (1 ) (788 ) (2 ) Low-income housing and rehabilitation tax credits (214 ) — (206 ) — (248 ) (1 ) State income taxes, net of Federal income tax benefit 1,328 2 982 2 720 2 Other, net (150 ) — (338 ) (1 ) (394 ) (1 ) Applicable income taxes $ 14,094 21 $ 11,663 21 $ 7,428 19 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | Dollars in thousands 2022 2021 Deferred tax assets Allowance for credit losses $ 11,003 $ 9,497 Foreclosed properties 789 2,089 Deferred compensation 4,830 4,803 Other deferred costs and accrued expenses 1,096 970 Net unrealized loss on debt securities available for sale 11,968 — Net unrealized loss on equity investments 17 Net unrealized loss on derivative financial instruments — — Total 29,703 17,359 Deferred tax liabilities Depreciation 726 630 Accretion on tax-exempt securities 8 9 Net unrealized gain on debt securities available for sale — 590 Net unrealized gain on interest rate swaps 8,299 1,136 Other post-retirement benefits 46 12 Acquisition accounting adjustments and goodwill 2,944 2,440 Total 12,023 4,817 Net deferred tax assets $ 17,680 $ 12,542 |
Note 16 - Employee Benefits (Ta
Note 16 - Employee Benefits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block] | At December 31, 2022 2021 Allocated shares 528,628 504,154 Shares committed to be released 20,702 23,002 Unallocated shares — 20,702 Total ESOP shares 549,330 547,858 Market value of unallocated shares (in thousands) $ — $ 568 |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 2021 Grants 7 year expiration 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] | Weighted Average Dollars in thousands, except per share amounts SARs/Options Aggregate Intrinsic Value Remaining Contractual Term (Yrs.) Exercise Price Outstanding, December 31, 2019 330,703 $ 20.44 Granted — — Exercised (1,400 ) 12.01 Forfeited — — Expired (100 ) 18.26 Outstanding, December 31, 2020 329,203 $ 20.47 Granted 177,489 21.85 Exercised (14,900 ) 8.92 Forfeited — — Expired — — Outstanding, December 31, 2021 491,792 $ 21.32 Granted — — Exercised (18,580 ) 20.21 Forfeited — — Expired — — Outstanding, December 31, 2022 473,212 $ 1,760 5.98 $ 21.36 Exercisable Options/SARs: December 31, 2022 259,037 $ 1,262 4.57 $ 20.33 December 31, 2021 204,116 1,683 4.81 19.20 December 31, 2020 177,875 1,118 5.27 17.07 |
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | Dollars in thousands, except per share amounts RSUs Weighted Average Grant Date Fair Value Nonvested, December 31, 2019 2,892 $ 25.93 Granted 13,758 19.63 Forfeited — — Vested (964 ) 25.93 Nonvested, December 31, 2020 15,686 $ 20.40 Granted 1,500 27.63 Forfeited — — Vested (4,171 ) 20.38 Nonvested, December 31, 2021 13,015 $ 21.24 Granted 707 28.28 Forfeited (313 ) 26.63 Vested (6,205 ) 22.65 Nonvested, December 31, 2022 7,204 $ 20.49 |
Note 17 - Commitments and Con_2
Note 17 - Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block] | Dollars in thousands December 31, 2022 December 31, 2021 Commitments to extend credit: Revolving home equity and credit card lines $ 104,475 $ 97,540 Construction loans 271,062 265,056 Other loans 493,592 325,897 Standby letters of credit 56,528 22,859 Total $ 925,657 $ 711,352 |
Note 19 - Regulatory Matters (T
Note 19 - Regulatory Matters (Tables) | 12 Months Ended |
Dec. 31, 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 December 31, 2022 CET1 (to risk weighted assets) Summit $ 299,993 8.6 % $ 245,141 7.0 % N/A N/A Summit Community 405,430 11.6 % 244,502 7.0 % 227,038 6.5 % Tier I Capital (to risk weighted assets) Summit 333,913 9.5 % 297,672 8.5 % N/A N/A Summit Community 405,430 11.6 % 296,896 8.5 % 279,431 8.0 % Total Capital (to risk weighted assets) Summit 472,955 13.5 % 367,712 10.5 % N/A N/A Summit Community 441,177 12.6 % 366,754 10.5 % 349,289 10.0 % Tier I Capital (to average assets) Summit 333,913 8.5 % 156,852 4.0 % N/A N/A Summit Community 405,430 10.4 % 156,338 4.0 % 195,422 5.0 % 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 20 - Earnings Per Share (T
Note 20 - Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Year Ended December 31, 2022 2021 2020 Common Common Common Dollars in thousands, Income Shares Per Income Shares Per Income Shares Per except per share amounts (Numerator) (Denominator) Share (Numerator) (Denominator) Share (Numerator) (Denominator) Share Net income $ 53,216 $ 45,738 $ 31,326 Less preferred stock dividends (900 ) (589 ) — Basic EPS $ 52,316 12,760,649 $ 4.10 $ 45,149 12,943,883 $ 3.49 $ 31,326 12,935,430 $ 2.42 Effect of dilutive securities: Stock options — 44 4,320 SARs 56,616 53,964 34,785 RSUs 4,268 5,537 850 Diluted EPS $ 52,316 12,821,533 $ 4.08 $ 45,149 13,003,428 $ 3.47 $ 31,326 12,975,385 $ 2.41 |
Note 21 - Accumulated Other C_2
Note 21 - Accumulated Other Comprehensive (Loss) Income (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | December 31, 2022 Dollars in thousands Gains and Losses on Pension Plan Gains on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains and Losses on Debt Securities Available for Sale Unrealized Gains and Losses on Securities Fair Value Hedge Total Beginning balance $ 30 $ 9 $ 3,993 $ 1,868 $ (418 ) $ 5,482 Other comprehensive income (loss) before reclassification, net of tax (53 ) 163 16,874 (40,307 ) 5,824 (17,499 ) Amounts reclassified from accumulated other comprehensive loss, net of tax — — — 538 — 538 Net current period other comprehensive income (loss) (53 ) 163 16,874 (39,769 ) 5,824 (16,961 ) Ending balance $ (23 ) $ 172 $ 20,867 $ (37,901 ) $ 5,406 $ (11,479 ) December 31, 2021 Dollars in thousands Gains and Losses on Pension Plan Gains on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains and Losses on Debt Securities Available for Sale Unrealized Losses on Securities Fair Value Hedge Total Beginning balance $ (199 ) $ (40 ) $ (1,132 ) $ 6,816 $ — $ 5,445 Other comprehensive income (loss) before reclassification, net of tax 229 49 5,125 (4,625 ) (418 ) 360 Amounts reclassified from accumulated other comprehensive income, net of tax — — — (323 ) — (323 ) Net current period other comprehensive income (loss) 229 49 5,125 (4,948 ) (418 ) 37 Ending balance $ 30 $ 9 $ 3,993 $ 1,868 $ (418 ) $ 5,482 December 31, 2020 Dollars in thousands Gains and Losses on Pension Plan Gains on Other Post-Retirement Benefits Gains and Losses on Cash Flow Hedges Unrealized Gains and Losses on Debt Securities Available for Sale Total Beginning balance $ (140 ) $ 48 $ (518 ) $ 3,145 $ 2,535 Other comprehensive income (loss) before reclassification, net of tax (59 ) (88 ) (614 ) 6,310 5,549 Amounts reclassified from accumulated other comprehensive income, net of tax — — — (2,639 ) (2,639 ) Net current period other comprehensive income (loss) (59 ) (88 ) (614 ) 3,671 2,910 Ending balance $ (199 ) $ (40 ) $ (1,132 ) $ 6,816 $ 5,445 |
Note 22 - Revenue From Contra_2
Note 22 - Revenue From Contracts With Customers (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | For the Year Ended December 31, Dollars in thousands 2022 2021 2020 Service fees on deposit accounts $ 6,150 $ 5,032 $ 4,588 Bank card revenue 6,261 5,896 4,494 Trust and wealth management fees 2,978 2,886 2,495 Other 516 626 567 Net revenue from contracts with customers 15,905 14,440 12,144 Non-interest income within the scope of other ASC topics 2,248 5,768 7,939 Total noninterest income $ 18,153 $ 20,208 $ 20,083 |
Note 23 - Condensed Financial_2
Note 23 - Condensed Financial Statements of Parent Company (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Condensed Balance Sheet [Table Text Block] | Balance Sheets December 31, Dollars in thousands 2022 2021 Assets Cash $ 11,043 $ 14,279 Investment in subsidiaries 445,048 419,557 Equity investments (at fair value) 25,858 20,209 Other investments — — Premises and equipment 92 129 Other assets 1,802 1,971 Total assets $ 483,843 $ 456,145 Liabilities and Shareholders' Equity Subordinated debentures, net $ 103,296 $ 102,891 Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 Other liabilities 6,428 6,192 Total liabilities 129,313 128,672 Preferred stock, $ 1.00 250,000 1,500 14,920 14,920 Common stock and related surplus, $ 2.50 20,000,000 12,783,646 12,763,827 12,783,646 12,743,125 90,696 89,525 Unallocated common stock held by Employee Stock Ownership Plan - 2021 - 20,702 — (224 ) Retained earnings 260,393 217,770 Accumulated other comprehensive (loss) income (11,479 ) 5,482 Total shareholders' equity 354,530 327,473 Total liabilities and shareholders' equity $ 483,843 $ 456,145 |
Condensed Income Statement [Table Text Block] | Statements of Income For the Year Ended December 31, Dollars in thousands 2022 2021 2020 Income Dividends from subsidiaries $ 15,800 $ 12,100 $ 10,000 Other dividends and interest income 26 16 33 Net gains on equity investments 265 202 — Management and service fees from subsidiaries 2,088 1,920 1,856 Total income 18,179 14,238 11,889 Expense Interest expense 5,256 2,497 1,109 Operating expenses 3,283 3,736 3,306 Total expenses 8,539 6,233 4,415 Income before income taxes and equity in undistributed income of subsidiaries 9,640 8,005 7,474 Income tax (benefit) (1,251 ) (830 ) (519 ) Income before equity in undistributed income of subsidiaries 10,891 8,835 7,993 Equity in undistributed income of subsidiaries 42,325 36,903 23,333 Net income $ 53,216 $ 45,738 $ 31,326 Preferred stock dividends 900 589 — Net income applicable to common shares $ 52,316 $ 45,149 $ 31,326 |
Condensed Cash Flow Statement [Table Text Block] | Statements of Cash Flows For the Year Ended December 31, Dollars in thousands 2022 2021 2020 CASH FLOWS FROM OPERATING ACTIVITIES Net income $ 53,216 $ 45,738 $ 31,326 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed net income of subsidiaries (42,325 ) (36,903 ) (23,333 ) Deferred tax benefit (14 ) (164 ) (141 ) Depreciation 37 46 57 Gain on equity investments (265 ) (202 ) — Share-based compensation expense 231 244 211 Earnings on bank owned life insurance 17 4 1 Decrease (increase) in other assets 432 163 (285 ) Increase in other liabilities 1,209 584 977 Net cash provided by operating activities 12,538 9,510 8,813 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of equity investments (5,384 ) (20,000 ) — Investment in bank subsidiary — (55,000 ) (25,000 ) Purchases of premises and equipment — (124 ) (9 ) Proceeds from transfer of premises and equipment — 47 — Net cash used in investing activities (5,384 ) (75,077 ) (25,009 ) CASH FLOWS FROM FINANCING ACTIVITIES Dividends paid on preferred stock (900 ) (589 ) — Dividends paid on common stock (9,693 ) (9,022 ) (8,786 ) Exercise of stock options — 16 — Proceeds from issuance of subordinated debt — 75,000 30,000 Purchase and retirement of common stock — (6,710 ) (1,444 ) Proceeds from issuance of preferred stock, net of issuance costs — 14,920 — Proceeds from issuance of common stock, net of issuance costs 203 294 178 Net cash (used in) provided by financing activities (10,390 ) 73,909 19,948 (Decrease) increase in cash (3,236 ) 8,342 3,752 Cash: Beginning 14,279 5,937 2,185 Ending $ 11,043 $ 14,279 $ 5,937 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash payments for: Interest $ 4,786 $ 2,195 $ 1,145 |
Note 3 - Acquisitions (Details
Note 3 - Acquisitions (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||||||
Jul. 10, 2021 | Dec. 15, 2020 | Apr. 24, 2020 | Jan. 01, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2022 | |
Goodwill, Ending Balance | $ 10,331 | $ 55,300 | $ 55,300 | ||||
Payments to Acquire Businesses, Gross | $ 9,807 | $ 48,920 | |||||
MVB [Member] | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits Estimated | 164,000 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Estimated | 54,000 | ||||||
Business Combination, Consideration Transferred, Total | $ 9,800 | ||||||
Business Combination, Period for Average Daily Closing Price of Deposits Prior to Closing (Day) | 30 days | ||||||
Business Combination, Percent Multiplier Used to Calculate Purchase Price | 6% | ||||||
Goodwill, Ending Balance | $ 10,330 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total | 58,565 | $ 38,417 | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities, Total | $ 163,126 | 188,236 | |||||
MVB [Member] | Core Deposits [Member] | |||||||
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year) | 10 years | ||||||
WinFirst Financial Corp [Member] | |||||||
Business Combination, Consideration Transferred, Total | $ 21,700 | ||||||
Goodwill, Ending Balance | $ 6,730 | ||||||
Business Acquisition, Percentage of Voting Interests Acquired | 100% | ||||||
Business Acquisition, Share Price (in dollars per share) | $ 328.05 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total | $ 143,435 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities, Total | $ 127,454 | ||||||
WinFirst Financial Corp [Member] | Core Deposits [Member] | |||||||
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year) | 10 years | ||||||
MVB Bank [Member] | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits Estimated | 188,200 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Estimated | 38,400 | ||||||
Business Combination, Consideration Transferred, Total | $ 13,000 | ||||||
Business Combination, Period for Average Daily Closing Price of Deposits Prior to Closing (Day) | 30 days | ||||||
Business Combination, Percent Multiplier Used to Calculate Purchase Price | 8% | ||||||
Goodwill, Ending Balance | $ 14,700 | ||||||
MVB Bank [Member] | Core Deposits [Member] | |||||||
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year) | 10 years | ||||||
Cornerstone Financial Services Inc [Member] | |||||||
Business Combination, Consideration Transferred, Total | $ 15,400 | ||||||
Goodwill, Ending Balance | $ 10,820 | ||||||
Business Acquisition, Percentage of Voting Interests Acquired | 100% | ||||||
Business Acquisition, Share Price (in dollars per share) | $ 5,700 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total | $ 195,029 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities, Total | $ 176,313 | ||||||
Business Acquisition, Share Price, Number of Shares (in shares) | 228 | ||||||
Business Acquisition, Consideration Transferred, Percentage Cash | 50% | ||||||
Business Acquisition, Consideration Transferred, Percentage of Stock | 50% | ||||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | 570,000 | ||||||
Payments to Acquire Businesses, Gross | $ 14,300 | ||||||
Cornerstone Financial Services Inc [Member] | Core Deposits [Member] | |||||||
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year) | 10 years |
Note 3 - Acquisitions - Fair Va
Note 3 - Acquisitions - Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||||
Jul. 10, 2021 | Dec. 15, 2020 | Apr. 24, 2020 | Jan. 01, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2022 | |
Cash consideration | $ 9,807 | $ 48,920 | |||||
Goodwill resulting from acquisition | $ 10,331 | $ 55,300 | $ 55,300 | ||||
As Recorded by Summit [Member] | |||||||
Cash consideration | 9,807 | $ 21,705 | $ 12,965 | $ 14,250 | |||
Total consideration | 9,807 | 21,705 | 12,965 | 29,691 | |||
Cash and cash equivalents | 946 | 13,030 | 800 | 60,284 | |||
Cash and cash equivalents, estimated fair value adjustments | 0 | 0 | 0 | 0 | |||
Purchased performing | 53,918 | 122,786 | 33,942 | 38,153 | |||
Purchased performing, estimated fair value adjustments | 478 | (968) | (1,185) | 188 | |||
Purchased credit deteriorated | 397 | 0 | 1,308 | ||||
Purchased credit deteriorated, estimated fair value adjustments | (91) | 0 | (569) | ||||
Premises and equipment | 3,302 | 144 | 2,334 | 664 | |||
Premises and equipment, estimated fair value adjustments | (129) | (27) | (42) | (142) | |||
Core deposit intangibles | 178 | 81 | 125 | 717 | |||
Core deposit intangibles, estimated fair value adjustments | 178 | 81 | 125 | 717 | |||
Other assets | 260 | 6,375 | 114 | 4,250 | |||
Other assets, estimated fair value adjustments | 0 | 477 | 0 | (74) | |||
Total identifiable assets acquired | 59,001 | 144,194 | 37,315 | 195,414 | |||
Total identifiable assets acquired, estimated fair value adjustments | 436 | 759 | (1,102) | 385 | |||
Deposits | 164,040 | 104,664 | 188,732 | 173,266 | |||
Deposits, estimated fair value adjustments | 959 | 1,065 | 598 | 239 | |||
Other liabilities | 45 | 270 | 102 | 3,279 | |||
Other liabilities, estimated fair value adjustments | 0 | 0 | 0 | (7) | |||
Total identifiable liabilities assumed | 164,085 | 129,216 | 188,834 | 176,545 | |||
Total identifiable liabilities assumed, estimated fair value adjustments | 959 | 1,762 | 598 | 232 | |||
Net liabilities assumed | (105,084) | 14,978 | (151,519) | 18,869 | |||
Net liabilities assumed, estimated fair value adjustments | (523) | (1,003) | (1,700) | 153 | |||
Goodwill resulting from acquisition | 6,727 | 14,665 | 10,822 | ||||
Securities available for sale, at fair value | 1,632 | 90,028 | |||||
Securities available for sale, at fair value, estimated fair value adjustments | 19 | (47) | |||||
Allowance for credit losses on loans | 0 | 0 | |||||
Allowance for credit losses on loans, estimated fair value adjustments | 1,227 | 312 | |||||
Property held for sale | 146 | 10 | |||||
Property held for sale, estimated fair value adjustments | (50) | 0 | |||||
Short-term borrowings | 3,000 | ||||||
Short-term borrowings, estimated fair value adjustments | 0 | ||||||
Long-term borrowings | 21,282 | ||||||
Long-term borrowings, estimated fair value adjustments | 697 | ||||||
Stock consideration | 15,441 | ||||||
WinFirst Financial Corp [Member] | |||||||
Total consideration | 21,700 | ||||||
Cash and cash equivalents | 13,030 | ||||||
Purchased performing | 123,754 | ||||||
Purchased credit deteriorated | 0 | ||||||
Premises and equipment | 171 | ||||||
Core deposit intangibles | 0 | ||||||
Other assets | 5,898 | ||||||
Total identifiable assets acquired | 143,435 | ||||||
Deposits | 103,599 | ||||||
Other liabilities | 270 | ||||||
Total identifiable liabilities assumed | 127,454 | ||||||
Net liabilities assumed | 15,981 | ||||||
Goodwill resulting from acquisition | 6,730 | ||||||
Securities available for sale, at fair value | 1,613 | ||||||
Allowance for credit losses on loans | (1,227) | ||||||
Property held for sale | 196 | ||||||
Short-term borrowings | 3,000 | ||||||
Long-term borrowings | $ 20,585 | ||||||
MVB [Member] | |||||||
Total consideration | 9,800 | ||||||
Cash and cash equivalents | 946 | 800 | |||||
Purchased performing | 53,440 | 35,127 | |||||
Purchased credit deteriorated | 488 | ||||||
Premises and equipment | 3,431 | 2,376 | |||||
Core deposit intangibles | 0 | 0 | |||||
Other assets | 260 | 114 | |||||
Total identifiable assets acquired | 58,565 | 38,417 | |||||
Deposits | 163,081 | 188,134 | |||||
Other liabilities | 45 | 102 | |||||
Total identifiable liabilities assumed | 163,126 | 188,236 | |||||
Net liabilities assumed | (104,561) | (149,819) | |||||
Net cash received from MVB | 94,753 | $ 136,854 | |||||
Goodwill resulting from acquisition | $ 10,330 | ||||||
Cornerstone Financial Services Inc [Member] | |||||||
Cash consideration | 14,300 | ||||||
Total consideration | 15,400 | ||||||
Cash and cash equivalents | 60,284 | ||||||
Purchased performing | 37,965 | ||||||
Purchased credit deteriorated | 1,877 | ||||||
Premises and equipment | 806 | ||||||
Core deposit intangibles | 0 | ||||||
Other assets | 4,324 | ||||||
Total identifiable assets acquired | 195,029 | ||||||
Deposits | 173,027 | ||||||
Other liabilities | 3,286 | ||||||
Total identifiable liabilities assumed | 176,313 | ||||||
Net liabilities assumed | 18,716 | ||||||
Goodwill resulting from acquisition | 10,820 | ||||||
Securities available for sale, at fair value | 90,075 | ||||||
Allowance for credit losses on loans | (312) | ||||||
Property held for sale | $ 10 |
Note 3 - Acquisitions - Carryin
Note 3 - Acquisitions - Carrying Amount of PCD Loans at Acquisition (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Purchase price of PCD loans at acquisition | $ 488 | $ 12,649 |
Allowance for credit losses - loans at acquisition | 91 | 796 |
Non-credit discount at acquisition | (2) | 568 |
Par value of PCD loans at acquisition | $ 399 | $ 11,285 |
Note 4 - Fair Value Measureme_3
Note 4 - Fair Value Measurements (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Equity Securities, FV-NI, Total | $ 29,494,000 | $ 20,609,000 |
Equity Securities without Readily Determinable Fair Value, Amount | $ 800,000 | 407,000 |
Length of Time Generally Receive New Appraisal on Foreclosed Properties (Month) | 18 months | |
Mutual Fund [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Equity Securities, FV-NI, Total | $ 5,200,000 | |
Preferred Stock [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Equity Securities, FV-NI, Total | 2,900,000 | |
Hedge Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Equity Securities, FV-NI, Total | $ 20,500,000 | $ 20,200,000 |
Note 4 - Fair Value Measureme_4
Note 4 - Fair Value Measurements - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Debt securities available for sale (at fair value) | $ 405,201 | $ 401,103 |
Equity investments (at fair value) | 29,494 | 20,609 |
US Government Corporations and Agencies Securities [Member] | ||
Debt securities available for sale (at fair value) | 20,219 | 36,629 |
Government Sponsored Agencies [Member] | ||
Debt securities available for sale (at fair value) | 51,456 | 62,211 |
Nongovernment Sponsored Agencies [Member] | ||
Debt securities available for sale (at fair value) | 61,617 | 26,586 |
Corporate Debt Securities [Member] | ||
Debt securities available for sale (at fair value) | 31,628 | 30,278 |
Asset-Backed Securities [Member] | ||
Debt securities available for sale (at fair value) | 19,476 | 24,883 |
Fair Value, Recurring [Member] | ||
Debt securities available for sale (at fair value) | 405,201 | 401,103 |
Equity investments (at fair value) | 29,494 | 20,609 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale (at fair value) | 0 | 0 |
Equity investments (at fair value) | 25,766 | 20,202 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale (at fair value) | 403,361 | 401,103 |
Equity investments (at fair value) | 3,728 | 407 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale (at fair value) | 1,840 | 0 |
Equity investments (at fair value) | 0 | 0 |
Fair Value, Recurring [Member] | US Government Corporations and Agencies Securities [Member] | ||
Debt securities available for sale (at fair value) | 20,219 | 36,629 |
Fair Value, Recurring [Member] | US Government Corporations and Agencies Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale (at fair value) | 0 | 0 |
Fair Value, Recurring [Member] | US Government Corporations and Agencies Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale (at fair value) | 20,219 | 36,629 |
Fair Value, Recurring [Member] | US Government Corporations and Agencies Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale (at fair value) | 0 | 0 |
Fair Value, Recurring [Member] | Government Sponsored Agencies [Member] | ||
Debt securities available for sale (at fair value) | 51,456 | 62,211 |
Fair Value, Recurring [Member] | Government Sponsored Agencies [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale (at fair value) | 0 | 0 |
Fair Value, Recurring [Member] | Government Sponsored Agencies [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale (at fair value) | 51,456 | 62,211 |
Fair Value, Recurring [Member] | Government Sponsored Agencies [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale (at fair value) | 0 | 0 |
Fair Value, Recurring [Member] | Nongovernment Sponsored Agencies [Member] | ||
Debt securities available for sale (at fair value) | 61,617 | 26,586 |
Fair Value, Recurring [Member] | Nongovernment Sponsored Agencies [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale (at fair value) | 0 | 0 |
Fair Value, Recurring [Member] | Nongovernment Sponsored Agencies [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale (at fair value) | 61,617 | 26,586 |
Fair Value, Recurring [Member] | Nongovernment Sponsored Agencies [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale (at fair value) | 0 | 0 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Debt securities available for sale (at fair value) | 93,067 | 137,786 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale (at fair value) | 0 | 0 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale (at fair value) | 93,067 | 137,786 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale (at fair value) | 0 | 0 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Debt securities available for sale (at fair value) | 31,628 | 30,278 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale (at fair value) | 0 | 0 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale (at fair value) | 29,788 | 30,278 |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale (at fair value) | 1,840 | 0 |
Fair Value, Recurring [Member] | Asset-Backed Securities [Member] | ||
Debt securities available for sale (at fair value) | 19,476 | 24,883 |
Fair Value, Recurring [Member] | Asset-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale (at fair value) | 0 | 0 |
Fair Value, Recurring [Member] | Asset-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale (at fair value) | 19,476 | 24,883 |
Fair Value, Recurring [Member] | Asset-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale (at fair value) | 0 | 0 |
Fair Value, Recurring [Member] | Tax Exempt Debt Securities U.S. States And Political Subdivisions [Member] | ||
Debt securities available for sale (at fair value) | 127,738 | 82,730 |
Fair Value, Recurring [Member] | Tax Exempt Debt Securities U.S. States And Political Subdivisions [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale (at fair value) | 0 | 0 |
Fair Value, Recurring [Member] | Tax Exempt Debt Securities U.S. States And Political Subdivisions [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale (at fair value) | 127,738 | 82,730 |
Fair Value, Recurring [Member] | Tax Exempt Debt Securities U.S. States And Political Subdivisions [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale (at fair value) | 0 | 0 |
Fair Value, Recurring [Member] | Interest Rate Cap [Member] | ||
Interest rate caps | 30,601 | 11,187 |
Fair Value, Recurring [Member] | Interest Rate Cap [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Interest rate caps | 0 | 0 |
Fair Value, Recurring [Member] | Interest Rate Cap [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Interest rate caps | 30,601 | 11,187 |
Fair Value, Recurring [Member] | Interest Rate Cap [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Interest rate caps | 0 | 0 |
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | ||
Interest rate swaps | 9,905 | 1,124 |
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Interest rate swaps | 0 | 0 |
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Interest rate swaps | 9,905 | 1,124 |
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Interest rate swaps | $ 0 | $ 0 |
Note 4 - Fair Value Measureme_5
Note 4 - Fair Value Measurements - Schedule of Fair Value, Assets and Liabilities Measured on Nonrecurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Residential mortgage loans held for sale | $ 0 | $ 227 |
Collateral-dependent loans with an ACLL | 3,583 | 3,638 |
Property held for sale | 4,777 | 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 | 4,480 | 7,893 |
Residential Real Estate Financial Receivable [Member] | ||
Collateral-dependent loans with an ACLL | 182 | 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 | 0 | 227 |
Collateral-dependent loans with an ACLL | 3,583 | 3,638 |
Property held for sale | 4,777 | 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 | 4,480 | 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 | 0 | 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 | 0 | 0 |
Property held for sale | $ 0 | $ 0 |
Note 4 - Fair Value Measureme_6
Note 4 - Fair Value Measurements - Carrying Values and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Debt securities available for sale (at fair value) | $ 405,201 | $ 401,103 |
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 96,163 | 98,060 |
Equity investments (at fair value) | 29,494 | 20,609 |
Residential mortgage loans held for sale | 0 | 227 |
Cash surrender value of life insurance policies and annuities | 71,640 | 60,613 |
Derivative financial instruments | 40,506 | 11,187 |
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 | 0 | 227 |
Fair Value, Inputs, Level 3 [Member] | ||
Residential mortgage loans held for sale | 0 | 0 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 44,717 | 78,458 |
Debt securities available for sale (at fair value) | 405,201 | 401,103 |
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 96,163 | 98,060 |
Equity investments (at fair value) | 29,494 | 20,609 |
Other investments | 16,029 | 10,897 |
Residential mortgage loans held for sale | 0 | 227 |
Loans, net | 3,043,919 | 2,729,093 |
Accrued interest receivable | 15,866 | 10,578 |
Cash surrender value of life insurance policies and annuities | 71,640 | 60,613 |
Derivative financial instruments | 40,506 | 11,187 |
Assets, Fair Value Disclosure, Total | 3,763,535 | 3,420,825 |
Deposits | 3,169,879 | 2,943,089 |
Short-term borrowings | 225,999 | 140,146 |
Long-term borrowings | 658 | 679 |
Subordinated debentures | 103,296 | 102,891 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Accrued interest payable | 2,357 | 788 |
Financial Liabilities Fair Value Disclosure, Total | 3,521,778 | 3,208,306 |
Interest rate swaps | 1,124 | |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 44,717 | 78,458 |
Debt securities available for sale (at fair value) | 405,201 | 401,103 |
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 86,627 | 101,242 |
Equity investments (at fair value) | 29,494 | 20,609 |
Other investments | 16,029 | 10,897 |
Residential mortgage loans held for sale | 0 | 227 |
Loans, net | 2,966,814 | 2,726,959 |
Accrued interest receivable | 15,866 | 10,578 |
Cash surrender value of life insurance policies and annuities | 71,640 | 60,613 |
Derivative financial instruments | 40,506 | 11,187 |
Assets, Fair Value Disclosure, Total | 3,676,894 | 3,421,873 |
Deposits | 3,166,762 | 2,944,722 |
Short-term borrowings | 225,999 | 140,146 |
Long-term borrowings | 667 | 795 |
Subordinated debentures | 91,801 | 103,623 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Accrued interest payable | 2,357 | 788 |
Financial Liabilities Fair Value Disclosure, Total | 3,507,175 | 3,210,787 |
Interest rate swaps | 1,124 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 16,469 | 21,006 |
Debt securities available for sale (at fair value) | 0 | 0 |
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 0 | 0 |
Equity investments (at fair value) | 25,766 | 20,202 |
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 | 42,235 | 41,208 |
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 | 28,248 | 57,452 |
Debt securities available for sale (at fair value) | 403,361 | 401,103 |
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 86,627 | 101,242 |
Equity investments (at fair value) | 3,728 | 407 |
Other investments | 16,029 | 10,897 |
Residential mortgage loans held for sale | 0 | 227 |
Loans, net | 3,583 | 3,638 |
Accrued interest receivable | 15,866 | 10,578 |
Cash surrender value of life insurance policies and annuities | 71,640 | 60,613 |
Derivative financial instruments | 40,506 | 11,187 |
Assets, Fair Value Disclosure, Total | 669,588 | 657,344 |
Deposits | 3,166,762 | 2,944,722 |
Short-term borrowings | 225,999 | 140,146 |
Long-term borrowings | 667 | 795 |
Subordinated debentures | 91,801 | 103,623 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 |
Accrued interest payable | 2,357 | 788 |
Financial Liabilities Fair Value Disclosure, Total | 3,507,175 | 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) | 1,840 | 0 |
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 0 | 0 |
Equity investments (at fair value) | 0 | 0 |
Other investments | 0 | 0 |
Residential mortgage loans held for sale | 0 | 0 |
Loans, net | 2,963,231 | 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 | 2,965,071 | 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 |
Note 5 - Debt Securities (Detai
Note 5 - Debt Securities (Details Textual) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Accrued Interest Receivable Debt Securities Available for Sale | $ 3,000 | $ 2,300 | |
State and Political Subdivisions Securities Number of States with Highest Volume | 5 | ||
Debt Securities, Available-for-Sale, Total | $ 405,201 | 401,103 | |
Debt Securities, Available-for-Sale, Allowance for Credit Loss, Ending Balance | 0 | ||
Accrued Interest Receivable Debt Securities Held to Maturity | 1,100 | 1,100 | |
Debt Securities, Held-to-Maturity, Nonaccrual | 0 | 0 | |
Proceeds from Maturities, Prepayments and Calls of Held-to-Maturity Securities | 0 | 0 | $ 1,000 |
Asset Pledged as Collateral [Member] | |||
Debt Securities, Available-for-Sale, Total | $ 238,600 | $ 234,300 | |
Residential Mortgage-Backed Securities [Member] | Minimum [Member] | |||
Debt Securities, Available for Sale, Contractual Maturity, Term (Year) | 2 years | ||
Debt Securities, Available for Sale, Estimated Average Life (Month) | 6 months | ||
Residential Mortgage-Backed Securities [Member] | Maximum [Member] | |||
Debt Securities, Available for Sale, Contractual Maturity, Term (Year) | 49 years | ||
Debt Securities, Available for Sale, Estimated Average Life (Month) | 16 years | ||
Securities Issuers Concentration Risk [Member] | Securities, Total [Member] | US States and Political Subdivisions Debt Securities [Member] | |||
Debt Securities, Available-for-Sale, Total | $ 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 | Dec. 31, 2022 | Dec. 31, 2021 |
Debt securities, available for sale, amortized cost | $ 455,067 | $ 398,643 |
Available for sale securities, unrealized gains | 721 | 6,223 |
Available for sale securities, unrealized losses | 50,587 | 3,763 |
Debt securities available for sale (at fair value) | 405,201 | 401,103 |
US Government Corporations and Agencies Securities [Member] | ||
Debt securities, available for sale, amortized cost | 20,446 | 36,820 |
Available for sale securities, unrealized gains | 83 | 169 |
Available for sale securities, unrealized losses | 310 | 360 |
Debt securities available for sale (at fair value) | 20,219 | 36,629 |
Government Sponsored Agencies [Member] | ||
Debt securities, available for sale, amortized cost | 55,184 | 61,646 |
Available for sale securities, unrealized gains | 80 | 1,153 |
Available for sale securities, unrealized losses | 3,808 | 588 |
Debt securities available for sale (at fair value) | 51,456 | 62,211 |
Nongovernment Sponsored Agencies [Member] | ||
Debt securities, available for sale, amortized cost | 65,860 | 26,839 |
Available for sale securities, unrealized gains | 48 | 26 |
Available for sale securities, unrealized losses | 4,291 | 279 |
Debt securities available for sale (at fair value) | 61,617 | 26,586 |
Taxable State and Political Subdivisions General Obligations [Member] | ||
Debt securities, available for sale, amortized cost | 82,410 | 78,627 |
Available for sale securities, unrealized gains | 9 | 377 |
Available for sale securities, unrealized losses | 19,924 | 1,323 |
Debt securities available for sale (at fair value) | 62,495 | 77,681 |
Taxable State and Political Subdivisions Various Tax Revenues [Member] | ||
Debt securities, available for sale, amortized cost | 10,699 | 13,031 |
Available for sale securities, unrealized gains | 0 | 218 |
Available for sale securities, unrealized losses | 2,591 | 203 |
Debt securities available for sale (at fair value) | 8,108 | 13,046 |
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 Other Revenues [Member] | ||
Debt securities, available for sale, amortized cost | 29,044 | 9,291 |
Available for sale securities, unrealized gains | 0 | 331 |
Available for sale securities, unrealized losses | 6,580 | 9 |
Debt securities available for sale (at fair value) | 22,464 | 9,613 |
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 | |
Corporate Debt Securities [Member] | ||
Debt securities, available for sale, amortized cost | 33,409 | 30,524 |
Available for sale securities, unrealized gains | 44 | 78 |
Available for sale securities, unrealized losses | 1,825 | 324 |
Debt securities available for sale (at fair value) | 31,628 | 30,278 |
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 | |
Asset-Backed Securities [Member] | ||
Debt securities, available for sale, amortized cost | 20,009 | 24,873 |
Available for sale securities, unrealized gains | 0 | 97 |
Available for sale securities, unrealized losses | 533 | 87 |
Debt securities available for sale (at fair value) | 19,476 | 24,883 |
Taxable State and Political Subdivisions Sales Tax Revenues [Member] | ||
Debt securities, available for sale, amortized cost | 6,909 | |
Available for sale securities, unrealized gains | 19 | |
Available for sale securities, unrealized losses | 99 | |
Debt securities available for sale (at fair value) | 6,829 | |
Taxable Debt Securities [Member] | ||
Debt securities, available for sale, amortized cost | 317,061 | 318,440 |
Available for sale securities, unrealized gains | 264 | 3,364 |
Available for sale securities, unrealized losses | 39,862 | 3,431 |
Debt securities available for sale (at fair value) | 277,463 | 318,373 |
Taxable State and Political Subdivisions Utility Revenues [Member] | ||
Debt securities, available for sale, amortized cost | 7,153 | |
Available for sale securities, unrealized gains | 137 | |
Available for sale securities, unrealized losses | 130 | |
Debt securities available for sale (at fair value) | 7,160 | |
Tax Exempt State and Political Subdivisions General Obligations [Member] | ||
Debt securities, available for sale, amortized cost | 93,910 | 47,583 |
Available for sale securities, unrealized gains | 281 | 1,526 |
Available for sale securities, unrealized losses | 6,719 | 270 |
Debt securities available for sale (at fair value) | 87,472 | 48,839 |
Tax Exempt State and Political Subdivisions Water And Sewer Revenues [Member] | ||
Debt securities, available for sale, amortized cost | 17,560 | 10,618 |
Available for sale securities, unrealized gains | 120 | 375 |
Available for sale securities, unrealized losses | 1,154 | 15 |
Debt securities available for sale (at fair value) | 16,526 | 10,978 |
Tax Exempt State and Political Subdivisions Lease Revenues [Member] | ||
Debt securities, available for sale, amortized cost | 7,411 | 7,974 |
Available for sale securities, unrealized gains | 47 | 553 |
Available for sale securities, unrealized losses | 411 | 31 |
Debt securities available for sale (at fair value) | 7,047 | 8,496 |
Tax Exempt State and Political Subdivisions Various Tax Revenues [Member] | ||
Debt securities, available for sale, amortized cost | 7,851 | |
Available for sale securities, unrealized gains | 0 | |
Available for sale securities, unrealized losses | 1,115 | |
Debt securities available for sale (at fair value) | 6,736 | |
Tax Exempt State and Political Subdivisions Other Revenues [Member] | ||
Debt securities, available for sale, amortized cost | 11,274 | 14,028 |
Available for sale securities, unrealized gains | 9 | 405 |
Available for sale securities, unrealized losses | 1,326 | 16 |
Debt securities available for sale (at fair value) | 9,957 | 14,417 |
Tax Exempt Debt Securities [Member] | ||
Debt securities, available for sale, amortized cost | 138,006 | 80,203 |
Available for sale securities, unrealized gains | 457 | 2,859 |
Available for sale securities, unrealized losses | 10,725 | 332 |
Debt securities available for sale (at fair value) | $ 127,738 | $ 82,730 |
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 | Dec. 31, 2022 | Dec. 31, 2021 |
Debt securities, available for sale, amortized cost | $ 455,067 | $ 398,643 |
Available for sale securities, unrealized gains | 721 | 6,223 |
Available for sale securities, unrealized losses | 50,587 | 3,763 |
Debt securities available for sale (at fair value) | 405,201 | $ 401,103 |
CALIFORNIA | ||
Debt securities, available for sale, amortized cost | 47,586 | |
Available for sale securities, unrealized gains | 0 | |
Available for sale securities, unrealized losses | 11,020 | |
Debt securities available for sale (at fair value) | 36,566 | |
TEXAS | ||
Debt securities, available for sale, amortized cost | 38,457 | |
Available for sale securities, unrealized gains | 228 | |
Available for sale securities, unrealized losses | 5,089 | |
Debt securities available for sale (at fair value) | 33,596 | |
MICHIGAN | ||
Debt securities, available for sale, amortized cost | 23,956 | |
Available for sale securities, unrealized gains | 55 | |
Available for sale securities, unrealized losses | 2,489 | |
Debt securities available for sale (at fair value) | 21,522 | |
WASHINGTON | ||
Debt securities, available for sale, amortized cost | 20,655 | |
Available for sale securities, unrealized gains | 11 | |
Available for sale securities, unrealized losses | 1,784 | |
Debt securities available for sale (at fair value) | 18,882 | |
OREGON | ||
Debt securities, available for sale, amortized cost | 15,760 | |
Available for sale securities, unrealized gains | 0 | |
Available for sale securities, unrealized losses | 4,173 | |
Debt securities available for sale (at fair value) | $ 11,587 |
Note 5 - Debt Securities - Sche
Note 5 - Debt Securities - Schedule of Realized Gain (Loss) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Proceeds from sales of debt securities available for sale | $ 69,211 | $ 64,932 | $ 124,809 |
Proceeds from maturities and calls of debt securities available for sale | 1,875 | 8,070 | 3,525 |
Principal payments received on debt securities available for sale | 37,860 | 29,869 | 24,654 |
Debt securities, available for sale, realized gain | 288 | 1,210 | 3,489 |
Debt securities, available for sale, realized gain (loss) | $ 996 | $ 785 | $ 17 |
Note 5 - Debt Securities - Inve
Note 5 - Debt Securities - Investments Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Due in one year or less, amortized cost | $ 43,819 | |
Due in one year or less, estimated fair value | 42,123 | |
Due from one to five years, amortized cost | 85,057 | |
Due from one to five years, estimated fair value | 80,169 | |
Due from five to ten years, amortized cost | 73,253 | |
Due from five to ten years, estimated fair value | 66,365 | |
Due after ten years, amortized cost | 252,938 | |
Due after ten years, estimated fair value | 216,544 | |
Total amortized cost | 455,067 | $ 398,643 |
Total estimated fair value | $ 405,201 | $ 401,103 |
Note 5 - Debt Securities - Sc_2
Note 5 - Debt Securities - Schedule of Unrealized Loss on Investments (Details) $ in Thousands | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) |
Number of Securities in Loss Positions | 310 | 157 |
Estimated Fair Value, Less than 12 Months | $ 173,827 | $ 169,460 |
Unrealized Loss, Less than 12 Months | 10,906 | 2,926 |
Estimated Fair Value, 12 Months or More | 173,131 | 39,837 |
Unrealized Loss, 12 Months or More | 39,681 | 837 |
Estimated Fair Value, Total | 346,958 | 209,297 |
Unrealized Loss, Total | $ 50,587 | $ 3,763 |
US Government Corporations and Agencies Securities [Member] | ||
Number of Securities in Loss Positions | 28 | 41 |
Estimated Fair Value, Less than 12 Months | $ 8,012 | $ 6,630 |
Unrealized Loss, Less than 12 Months | 99 | 23 |
Estimated Fair Value, 12 Months or More | 9,577 | 21,061 |
Unrealized Loss, 12 Months or More | 211 | 337 |
Estimated Fair Value, Total | 17,589 | 27,691 |
Unrealized Loss, Total | $ 310 | $ 360 |
Government Sponsored Agencies [Member] | ||
Number of Securities in Loss Positions | 58 | 19 |
Estimated Fair Value, Less than 12 Months | $ 21,831 | $ 19,828 |
Unrealized Loss, Less than 12 Months | 1,104 | 376 |
Estimated Fair Value, 12 Months or More | 19,459 | 6,886 |
Unrealized Loss, 12 Months or More | 2,704 | 212 |
Estimated Fair Value, Total | 41,290 | 26,714 |
Unrealized Loss, Total | $ 3,808 | $ 588 |
Nongovernment Sponsored Agencies [Member] | ||
Number of Securities in Loss Positions | 27 | 6 |
Estimated Fair Value, Less than 12 Months | $ 35,727 | $ 4,345 |
Unrealized Loss, Less than 12 Months | 2,974 | 61 |
Estimated Fair Value, 12 Months or More | 10,041 | 7,591 |
Unrealized Loss, 12 Months or More | 1,317 | 218 |
Estimated Fair Value, Total | 45,768 | 11,936 |
Unrealized Loss, Total | $ 4,291 | $ 279 |
Taxable State and Political Subdivisions General Obligations [Member] | ||
Number of Securities in Loss Positions | 56 | 41 |
Estimated Fair Value, Less than 12 Months | $ 11,258 | $ 62,543 |
Unrealized Loss, Less than 12 Months | 1,476 | 1,286 |
Estimated Fair Value, 12 Months or More | 49,858 | 1,055 |
Unrealized Loss, 12 Months or More | 18,448 | 37 |
Estimated Fair Value, Total | 61,116 | 63,598 |
Unrealized Loss, Total | $ 19,924 | $ 1,323 |
Taxable State and Political Subdivisions Various Tax Revenues [Member] | ||
Number of Securities in Loss Positions | 7 | 5 |
Estimated Fair Value, Less than 12 Months | $ 1,352 | $ 8,389 |
Unrealized Loss, Less than 12 Months | 276 | 203 |
Estimated Fair Value, 12 Months or More | 6,756 | 0 |
Unrealized Loss, 12 Months or More | 2,315 | 0 |
Estimated Fair Value, Total | 8,108 | 8,389 |
Unrealized Loss, Total | $ 2,591 | $ 203 |
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 Other Revenues [Member] | ||
Number of Securities in Loss Positions | 23 | 1 |
Estimated Fair Value, Less than 12 Months | $ 6,361 | $ 744 |
Unrealized Loss, Less than 12 Months | 1,040 | 9 |
Estimated Fair Value, 12 Months or More | 16,103 | 0 |
Unrealized Loss, 12 Months or More | 5,540 | 0 |
Estimated Fair Value, Total | 22,464 | 744 |
Unrealized Loss, Total | $ 6,580 | $ 9 |
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 | |
Corporate Debt Securities [Member] | ||
Number of Securities in Loss Positions | 20 | 10 |
Estimated Fair Value, Less than 12 Months | $ 8,308 | $ 10,534 |
Unrealized Loss, Less than 12 Months | 591 | 314 |
Estimated Fair Value, 12 Months or More | 13,072 | 990 |
Unrealized Loss, 12 Months or More | 1,234 | 10 |
Estimated Fair Value, Total | 21,380 | 11,524 |
Unrealized Loss, Total | $ 1,825 | $ 324 |
Taxable State and Political Subdivisions Sales Tax Revenues [Member] | ||
Number of Securities in Loss Positions | 2 | |
Estimated Fair Value, Less than 12 Months | $ 6,052 | |
Unrealized Loss, Less than 12 Months | 99 | |
Estimated Fair Value, 12 Months or More | 0 | |
Unrealized Loss, 12 Months or More | 0 | |
Estimated Fair Value, Total | 6,052 | |
Unrealized Loss, Total | $ 99 | |
Asset-Backed Securities [Member] | ||
Number of Securities in Loss Positions | 13 | 8 |
Estimated Fair Value, Less than 12 Months | $ 11,680 | $ 10,522 |
Unrealized Loss, Less than 12 Months | 277 | 86 |
Estimated Fair Value, 12 Months or More | 7,796 | 751 |
Unrealized Loss, 12 Months or More | 256 | 1 |
Estimated Fair Value, Total | 19,476 | 11,273 |
Unrealized Loss, Total | $ 533 | $ 87 |
Taxable State and Political Subdivisions Utility Revenues [Member] | ||
Number of Securities in Loss Positions | 3 | |
Estimated Fair Value, Less than 12 Months | $ 5,175 | |
Unrealized Loss, Less than 12 Months | 130 | |
Estimated Fair Value, 12 Months or More | 0 | |
Unrealized Loss, 12 Months or More | 0 | |
Estimated Fair Value, Total | 5,175 | |
Unrealized Loss, Total | $ 130 | |
Tax Exempt State and Political Subdivisions General Obligations [Member] | ||
Number of Securities in Loss Positions | 52 | 13 |
Estimated Fair Value, Less than 12 Months | $ 50,671 | $ 25,555 |
Unrealized Loss, Less than 12 Months | 1,823 | 261 |
Estimated Fair Value, 12 Months or More | 26,062 | 853 |
Unrealized Loss, 12 Months or More | 4,896 | 9 |
Estimated Fair Value, Total | 76,733 | 26,408 |
Unrealized Loss, Total | $ 6,719 | $ 270 |
Tax Exempt State and Political Subdivisions Water And Sewer Revenues [Member] | ||
Number of Securities in Loss Positions | 13 | 1 |
Estimated Fair Value, Less than 12 Months | $ 8,800 | $ 904 |
Unrealized Loss, Less than 12 Months | 403 | 15 |
Estimated Fair Value, 12 Months or More | 4,471 | 0 |
Unrealized Loss, 12 Months or More | 751 | 0 |
Estimated Fair Value, Total | 13,271 | 904 |
Unrealized Loss, Total | $ 1,154 | $ 15 |
Tax Exempt State and Political Subdivisions Lease Revenues [Member] | ||
Number of Securities in Loss Positions | 2 | 1 |
Estimated Fair Value, Less than 12 Months | $ 3,330 | $ 2,396 |
Unrealized Loss, Less than 12 Months | 11 | 31 |
Estimated Fair Value, 12 Months or More | 1,985 | 0 |
Unrealized Loss, 12 Months or More | 400 | 0 |
Estimated Fair Value, Total | 5,315 | 2,396 |
Unrealized Loss, Total | $ 411 | $ 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 | $ 3,597 | |
Unrealized Loss, Less than 12 Months | 439 | |
Estimated Fair Value, 12 Months or More | 3,139 | |
Unrealized Loss, 12 Months or More | 676 | |
Estimated Fair Value, Total | 6,736 | |
Unrealized Loss, Total | $ 1,115 | |
Tax Exempt State and Political Subdivisions Other Revenues [Member] | ||
Number of Securities in Loss Positions | 7 | 3 |
Estimated Fair Value, Less than 12 Months | $ 2,900 | $ 3,558 |
Unrealized Loss, Less than 12 Months | 393 | 15 |
Estimated Fair Value, 12 Months or More | 4,812 | 156 |
Unrealized Loss, 12 Months or More | 933 | 1 |
Estimated Fair Value, Total | 7,712 | 3,714 |
Unrealized Loss, Total | $ 1,326 | $ 16 |
Note 5 - Debt Securities - Held
Note 5 - Debt Securities - Held to Maturity (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | $ 96,163 | $ 98,060 |
Unrealized Gains | 0 | 3,187 |
Unrealized Losses | 9,536 | 5 |
Debt Securities, Held-to-maturity, Fair Value | 86,627 | 101,242 |
Tax Exempt State and Political Subdivisions General Obligations [Member] | ||
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 70,401 | 71,807 |
Unrealized Gains | 0 | 2,583 |
Unrealized Losses | 6,480 | 0 |
Debt Securities, Held-to-maturity, Fair Value | 63,921 | 74,390 |
Tax Exempt State and Political Subdivisions Water And Sewer Revenues [Member] | ||
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 8,006 | 8,192 |
Unrealized Gains | 0 | 210 |
Unrealized Losses | 672 | 0 |
Debt Securities, Held-to-maturity, Fair Value | 7,334 | 8,402 |
Tax Exempt State and Political Subdivisions Lease Revenues [Member] | ||
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 4,234 | 4,316 |
Unrealized Gains | 0 | 74 |
Unrealized Losses | 534 | 0 |
Debt Securities, Held-to-maturity, Fair Value | 3,700 | 4,390 |
Tax Exempt State and Political Subdivisions Sales Tax Revenues [Member] | ||
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 4,515 | 4,582 |
Unrealized Gains | 0 | 106 |
Unrealized Losses | 689 | 0 |
Debt Securities, Held-to-maturity, Fair Value | 3,826 | 4,688 |
Tax Exempt State and Political Subdivisions Various Tax Revenues [Member] | ||
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 5,511 | |
Unrealized Gains | 0 | |
Unrealized Losses | 871 | |
Debt Securities, Held-to-maturity, Fair Value | 4,640 | |
Tax Exempt State and Political Subdivisions Other Revenues [Member] | ||
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 3,496 | 9,163 |
Unrealized Gains | 0 | 214 |
Unrealized Losses | 290 | 5 |
Debt Securities, Held-to-maturity, Fair Value | $ 3,206 | $ 9,372 |
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 | Dec. 31, 2022 | Dec. 31, 2021 |
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | $ 96,163 | $ 98,060 |
Unrealized Gains | 0 | 3,187 |
Unrealized Losses | 9,536 | 5 |
Debt Securities, Held-to-maturity, Fair Value | 86,627 | $ 101,242 |
TEXAS | ||
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 15,101 | |
Unrealized Gains | 0 | |
Unrealized Losses | 1,301 | |
Debt Securities, Held-to-maturity, Fair Value | 13,800 | |
CALIFORNIA | ||
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 9,665 | |
Unrealized Gains | 0 | |
Unrealized Losses | 759 | |
Debt Securities, Held-to-maturity, Fair Value | 8,906 | |
PENNSYLVANIA | ||
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 8,479 | |
Unrealized Gains | 0 | |
Unrealized Losses | 726 | |
Debt Securities, Held-to-maturity, Fair Value | 7,753 | |
FLORIDA | ||
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 7,465 | |
Unrealized Gains | 0 | |
Unrealized Losses | 1,020 | |
Debt Securities, Held-to-maturity, Fair Value | 6,445 | |
MICHIGAN | ||
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 6,904 | |
Unrealized Gains | 0 | |
Unrealized Losses | 797 | |
Debt Securities, Held-to-maturity, Fair Value | $ 6,107 |
Note 5 - Debt Securities - Debt
Note 5 - Debt Securities - Debt Securities Held to Maturity by Credit Rating (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | $ 96,163 | $ 98,060 |
Standard & Poor's, AAA Rating [Member] | ||
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 12,846 | 15,450 |
Standard & Poor's, AA Rating [Member] | ||
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 75,932 | 75,119 |
Standard & Poor's, A Rating [Member] | ||
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 7,385 | 7,491 |
Standard & Poor's, BBB Rating [Member] | ||
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | 0 | 0 |
Standard Poors Below Investment Grade Rating [Member] | ||
Debt securities held to maturity (at amortized cost; estimated fair value - $86,627 - 2022, $101,242 - 2021) | $ 0 | $ 0 |
Note 5 - Debt Securities - He_2
Note 5 - Debt Securities - Held to Maturity Investments Classified by Contractual Maturity Date (Details) $ in Thousands | Dec. 31, 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 | 2,811 |
Debt securities, held to maturity, fair value, maturity, allocated and single maturity date, after year 5 through 10 | 2,613 |
Debt securities, held to maturity, amortized cost, maturity, allocated and single maturity date, after year 10 | 93,352 |
Debt securities, held to maturity, fair value, maturity, allocated and single maturity date, after year 10 | 84,014 |
Debt securities, held to maturity, amortized cost, maturity, allocated and single maturity date, amortized cost | 96,163 |
Debt securities, held to maturity, fair value, maturity, allocated and single maturity date, fair value | $ 86,627 |
Note 6 - Equity and Other Inv_2
Note 6 - Equity and Other Investments (Details Textual) | 12 Months Ended | ||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Federal Home Loan Bank Stock | $ 11,300,000 | $ 6,800,000 | |
Number of Limited Partnerships | 4 | ||
Investment in a Limited Partnership | $ 4,800,000 | 4,100,000 | |
Investment Tax Credit | 1,440,000 | 1,087,000 | $ 746,000 |
Amortization on Investment in Limited Partnership | 1,177,000 | 877,000 | 549,000 |
Income Tax Benefit Recognized on Limited Partnerships | $ 214,000 | $ 206,000 | $ 248,000 |
Note 7 - Loans and Allowance _3
Note 7 - Loans and Allowance for Credit Losses on Loans (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Accrued Interest and Fees Receivable on Loans | $ 10,400,000 | $ 7,200,000 | |
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums | $ 4,600,000 | 4,000,000 | |
Number of Days Past Due When Loans are Placed on Nonaccrual Status (Day) | 90 days | ||
Financing Receivable, Troubled Debt Restructuring | $ 20,600,000 | 20,900,000 | |
Current Troubled Debt Restructurings | 18,600,000 | 18,700,000 | |
Commitments to Lend Funds for Restructured Loans | 0 | 0 | |
Financing Receivable Troubled Debt Restructuring Individually Evaluated for Impairment Minimum | $ 500,000 | ||
Threshold Period Past Due for Loans to be Default (Day) | 30 days | ||
Loan Review Aggregate Exposure Amount on Nonhomogeneous Commercial Loan Relationships | $ 5,000,000 | ||
Concentrations of Loans to Any Single Industry in Excess of 10% of Total Loans | 0 | 0 | |
Loans and Leases Receivable, Related Parties, Ending Balance | 49,309,000 | 53,212,000 | $ 55,092,000 |
Loans Collectively Evaluated Fully Guaranteed or Cash Secured Loans | 8,500,000 | $ 19,800,000 | |
Minimum [Member] | |||
Residential 1-4 Family Rental Small Loan / Large Loan Classification | 600,000 | ||
Minimum [Member] | Any One Related Party [Member] | |||
Loans and Leases Receivable, Related Parties, Ending Balance | 60,000 | ||
Maximum [Member] | |||
Residential 1-4 Family Rental Small Loan / Large Loan Classification | $ 600,000 |
Note 7 - Loans and Allowance _4
Note 7 - Loans and Allowance for Credit Losses on Loans - Summary of Loans, Net of Unearned Fees (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Loans and Leases Receivable, Net of Deferred Income | $ 3,082,818 | $ 2,761,391 |
Less allowance for loan losses | 38,899 | 32,298 |
Loans, net | 3,043,919 | 2,729,093 |
Commercial Loan [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 501,844 | 365,301 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 120,872 | 150,759 |
Commercial Real Estate Owner Occupied, Retail [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 188,196 | 190,304 |
Commercial Real Estate Owner Occupied, Other [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 157,982 | 143,645 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 141,042 | 128,450 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 51,109 | 59,045 |
Multifamily [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 272,705 | 233,157 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 192,270 | 162,758 |
Commercial Real Estate Nonowner Occupied, Other [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 347,242 | 282,621 |
Land and Land Improvements [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 106,362 | 100,805 |
Construction Loans [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 282,935 | 146,038 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 265,326 | 262,805 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 121,548 | 121,989 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 92,103 | 79,108 |
Home Equity Loan [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 71,986 | 72,112 |
Mortgage Warehouse Lines [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 130,390 | 227,869 |
Consumer Portfolio Segment [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 35,372 | 31,923 |
Credit Card Receivable [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 2,182 | 1,891 |
Bank Overdrafts [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 1,352 | $ 811 |
Note 7 - Loans and Allowance _5
Note 7 - 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 | Dec. 31, 2022 | Dec. 31, 2021 |
Loans and Leases Receivable, Net of Deferred Income | $ 3,082,818 | $ 2,761,391 |
Accruing | 12 | 4 |
Commercial Loans [Member] | ||
Accruing | 0 | 0 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 120,872 | 150,759 |
Accruing | 0 | 0 |
Commercial Real Estate Owner Occupied, Retail [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 188,196 | 190,304 |
Accruing | 0 | 0 |
Commercial Real Estate Owner Occupied, Other [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 157,982 | 143,645 |
Accruing | 0 | 0 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 141,042 | 128,450 |
Accruing | 0 | 0 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 51,109 | 59,045 |
Accruing | 0 | 0 |
Multifamily [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 272,705 | 233,157 |
Accruing | 0 | 0 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 192,270 | 162,758 |
Accruing | 0 | 0 |
Commercial Real Estate Nonowner Occupied, Other [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 347,242 | 282,621 |
Accruing | 0 | 0 |
Land and Land Improvements [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 106,362 | 100,805 |
Accruing | 0 | 0 |
Construction Loans [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 282,935 | 146,038 |
Accruing | 0 | 0 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 265,326 | 262,805 |
Accruing | 0 | 0 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 121,548 | 121,989 |
Accruing | 0 | 0 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 92,103 | 79,108 |
Accruing | 0 | 0 |
Home Equity Loan [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 71,986 | 72,112 |
Accruing | 0 | 0 |
Mortgage Warehouse Lines [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 130,390 | 227,869 |
Accruing | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 35,372 | 31,923 |
Accruing | 0 | 0 |
Credit Card Receivable [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 2,182 | 1,891 |
Accruing | 12 | 4 |
Bank Overdrafts [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 1,352 | 811 |
Accruing | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 10,393 | 4,517 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Loans [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 2,982 | 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 | 100 | 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 | 376 | 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 | 0 | 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 | 165 | 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 | 317 | 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 | 3,768 | 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 | 1,093 | 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 | 1,401 | 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 | 182 | 98 |
Financial Asset, 30 to 59 Days Past Due [Member] | Credit Card Receivable [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 9 | 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 | 2,700 | 2,076 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Loans [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 201 | 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 | 135 | 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 | 0 | 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 | 852 | 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 | 741 | 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 | 582 | 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 | 105 | 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 | 71 | 101 |
Financial Asset, 60 to 89 Days Past Due [Member] | Credit Card Receivable [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 13 | 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 | 3,637 | 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 | 34 | 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 | 221 | 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 | 37 | 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 | 58 | 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 | 438 | 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 | 0 | 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 | 1,969 | 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 | 816 | 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 | 52 | 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 | 0 | 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 | 12 | 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 | 16,730 | 11,518 |
Financial Asset, Past Due [Member] | Commercial Loans [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 3,217 | 1,364 |
Financial Asset, Past Due [Member] | Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 100 | 409 |
Financial Asset, Past Due [Member] | Commercial Real Estate Owner Occupied, Retail [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 221 | 549 |
Financial Asset, Past Due [Member] | Commercial Real Estate Owner Occupied, Other [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 548 | 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 | 58 | 55 |
Financial Asset, Past Due [Member] | Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 603 | 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 | 1,169 | 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 | 6,478 | 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 | 2,491 | 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 | 1,558 | 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 | 253 | 206 |
Financial Asset, Past Due [Member] | Credit Card Receivable [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 34 | 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 | 3,066,088 | 2,749,873 |
Financial Asset, Not Past Due [Member] | Commercial Loans [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 498,627 | 363,937 |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 120,772 | 150,350 |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Owner Occupied, Retail [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 187,975 | 189,755 |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Owner Occupied, Other [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 157,434 | 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 | 141,042 | 128,450 |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Nonowner Occupied Mini Storage [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 51,109 | 59,043 |
Financial Asset, Not Past Due [Member] | Multifamily [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 272,647 | 233,102 |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 191,667 | 162,354 |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Nonowner Occupied, Other [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 347,242 | 282,621 |
Financial Asset, Not Past Due [Member] | Land and Land Improvements [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 105,193 | 99,798 |
Financial Asset, Not Past Due [Member] | Construction Loans [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 282,935 | 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 | 258,848 | 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 | 119,057 | 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 | 92,103 | 79,108 |
Financial Asset, Not Past Due [Member] | Home Equity Loan [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 70,428 | 71,621 |
Financial Asset, Not Past Due [Member] | Mortgage Warehouse Lines [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 130,390 | 227,869 |
Financial Asset, Not Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 35,119 | 31,717 |
Financial Asset, Not Past Due [Member] | Credit Card Receivable [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | 2,148 | 1,865 |
Financial Asset, Not Past Due [Member] | Bank Overdrafts [Member] | ||
Loans and Leases Receivable, Net of Deferred Income | $ 1,352 | $ 811 |
Note 7 - Loans and Allowance _6
Note 7 - Loans and Allowance for Credit Losses on Loans - Schedule of Nonaccrual Loans Included in Net Balance of Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financing Receivable, Nonaccrual | $ 7,811 | $ 12,692 |
Financing Receivable, nonaccrual, No Allowance | 48 | 96 |
Commercial Loans [Member] | ||
Financing Receivable, Nonaccrual | 93 | 740 |
Financing Receivable, nonaccrual, No Allowance | 48 | 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 | 350 | 775 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Commercial Real Estate Owner Occupied, Other [Member] | ||
Financing Receivable, Nonaccrual | 423 | 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 | 538 | 55 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Financing Receivable, Nonaccrual | 439 | 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 | 852 | 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 | 2,892 | 2,504 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||
Financing Receivable, Nonaccrual | 2,066 | 3,094 |
Financing Receivable, nonaccrual, No Allowance | 0 | 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 | 158 | 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 | 0 | 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 7 - Loans and Allowance _7
Note 7 - Loans and Allowance for Credit Losses on Loans - Financing Receivable, Troubled Debt Restructuring (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Number of Contracts | 12 | 4 | 3 |
Pre-modification Recorded Investment | $ 1,521 | $ 294 | $ 808 |
Post-modification Recorded Investment | $ 1,521 | $ 294 | $ 808 |
Commercial Real Estate Owner Occupied, Other [Member] | |||
Number of Contracts | 0 | 0 | 1 |
Pre-modification Recorded Investment | $ 0 | $ 0 | $ 361 |
Post-modification Recorded Investment | $ 0 | $ 0 | $ 361 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | |||
Number of Contracts | 9 | 4 | 1 |
Pre-modification Recorded Investment | $ 692 | $ 294 | $ 48 |
Post-modification Recorded Investment | $ 692 | $ 294 | $ 48 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||
Number of Contracts | 0 | 0 | 1 |
Pre-modification Recorded Investment | $ 0 | $ 0 | $ 399 |
Post-modification Recorded Investment | $ 0 | $ 0 | $ 399 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||
Number of Contracts | 1 | 0 | 0 |
Pre-modification Recorded Investment | $ 671 | $ 0 | $ 0 |
Post-modification Recorded Investment | $ 671 | $ 0 | $ 0 |
Home Equity Loan [Member] | |||
Number of Contracts | 2 | 0 | 0 |
Pre-modification Recorded Investment | $ 158 | $ 0 | $ 0 |
Post-modification Recorded Investment | $ 158 | $ 0 | $ 0 |
Note 7 - Loans and Allowance _8
Note 7 - Loans and Allowance for Credit Losses on Loans - Defaults on TDRs During Period (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Number of defaults | 2 | 1 | 3 |
Recorded Investment at Default Date | $ 129 | $ 44 | $ 808 |
Commercial Real Estate Owner Occupied, Other [Member] | |||
Number of defaults | 0 | 0 | 1 |
Recorded Investment at Default Date | $ 0 | $ 0 | $ 361 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | |||
Number of defaults | 1 | 1 | 1 |
Recorded Investment at Default Date | $ 22 | $ 44 | $ 48 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||
Number of defaults | 0 | 0 | 1 |
Recorded Investment at Default Date | $ 0 | $ 0 | $ 399 |
Home Equity Loan [Member] | |||
Number of defaults | 1 | 0 | 0 |
Recorded Investment at Default Date | $ 107 | $ 0 | $ 0 |
Note 7 - Loans and Allowance _9
Note 7 - Loans and Allowance for Credit Losses on Loans - Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financing Receivable, Year One | $ 690,589 | $ 753,426 |
Financing Receivable, Year Two | 758,553 | 437,302 |
Financing Receivable, Year Three | 373,698 | 317,200 |
Financing Receivable, Year Four | 238,052 | 152,634 |
Financing Receivable, Year Five | 131,206 | 122,813 |
Financing Receivable, prior | 455,945 | 486,942 |
Financing Receivable, revolving | 434,775 | 491,074 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 3,082,818 | 2,761,391 |
Commercial Loans [Member] | ||
Financing Receivable, Year One | 146,737 | 124,718 |
Financing Receivable, Year Two | 96,813 | 36,663 |
Financing Receivable, Year Three | 27,514 | 31,295 |
Financing Receivable, Year Four | 20,399 | 5,638 |
Financing Receivable, Year Five | 3,097 | 8,909 |
Financing Receivable, prior | 10,578 | 14,607 |
Financing Receivable, revolving | 196,706 | 143,471 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 501,844 | 365,301 |
Commercial Loans [Member] | Pass [Member] | ||
Financing Receivable, Year One | 145,996 | 123,890 |
Financing Receivable, Year Two | 73,702 | 36,339 |
Financing Receivable, Year Three | 27,247 | 31,116 |
Financing Receivable, Year Four | 20,300 | 5,549 |
Financing Receivable, Year Five | 3,056 | 8,831 |
Financing Receivable, prior | 10,429 | 14,061 |
Financing Receivable, revolving | 194,641 | 141,003 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 475,371 | 360,789 |
Commercial Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 689 | 693 |
Financing Receivable, Year Two | 23,055 | 279 |
Financing Receivable, Year Three | 267 | 69 |
Financing Receivable, Year Four | 51 | 41 |
Financing Receivable, Year Five | 17 | 60 |
Financing Receivable, prior | 149 | 539 |
Financing Receivable, revolving | 2,010 | 1,984 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 26,238 | 3,665 |
Commercial Loans [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 52 | 135 |
Financing Receivable, Year Two | 56 | 45 |
Financing Receivable, Year Three | 0 | 110 |
Financing Receivable, Year Four | 48 | 48 |
Financing Receivable, Year Five | 24 | 18 |
Financing Receivable, prior | 0 | 7 |
Financing Receivable, revolving | 55 | 484 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 235 | 847 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Financing Receivable, Year One | 46,278 | 52,533 |
Financing Receivable, Year Two | 52,387 | 42,177 |
Financing Receivable, Year Three | 39,609 | 20,763 |
Financing Receivable, Year Four | 13,227 | 7,653 |
Financing Receivable, Year Five | 6,999 | 6,778 |
Financing Receivable, prior | 26,717 | 26,268 |
Financing Receivable, revolving | 7,053 | 6,586 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 192,270 | 162,758 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Pass [Member] | ||
Financing Receivable, Year One | 46,278 | 52,533 |
Financing Receivable, Year Two | 52,387 | 42,177 |
Financing Receivable, Year Three | 39,609 | 20,763 |
Financing Receivable, Year Four | 5,449 | 7,653 |
Financing Receivable, Year Five | 6,999 | 6,778 |
Financing Receivable, prior | 25,315 | 24,958 |
Financing Receivable, revolving | 7,053 | 6,586 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 183,090 | 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 | 964 | 972 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 964 | 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 | 7,778 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 438 | 338 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 8,216 | 338 |
Commercial Real Estate Nonowner Occupied, Other [Member] | ||
Financing Receivable, Year One | 100,230 | 107,962 |
Financing Receivable, Year Two | 123,551 | 82,846 |
Financing Receivable, Year Three | 52,592 | 14,211 |
Financing Receivable, Year Four | 12,281 | 9,015 |
Financing Receivable, Year Five | 5,982 | 11,421 |
Financing Receivable, prior | 50,653 | 54,546 |
Financing Receivable, revolving | 1,953 | 2,620 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 347,242 | 282,621 |
Commercial Real Estate Nonowner Occupied, Other [Member] | Pass [Member] | ||
Financing Receivable, Year One | 94,765 | 107,962 |
Financing Receivable, Year Two | 123,551 | 82,846 |
Financing Receivable, Year Three | 52,592 | 14,211 |
Financing Receivable, Year Four | 12,281 | 8,443 |
Financing Receivable, Year Five | 5,444 | 11,421 |
Financing Receivable, prior | 47,752 | 51,587 |
Financing Receivable, revolving | 1,953 | 2,620 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 338,338 | 279,090 |
Commercial Real Estate Nonowner Occupied, Other [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 5,465 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 572 |
Financing Receivable, Year Five | 538 | 0 |
Financing Receivable, prior | 0 | 0 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 6,003 | 572 |
Commercial Real Estate Nonowner Occupied, Other [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 0 | |
Financing Receivable, Year Two | 0 | |
Financing Receivable, Year Three | 0 | |
Financing Receivable, Year Four | 0 | |
Financing Receivable, Year Five | 0 | |
Financing Receivable, prior | 2,901 | |
Financing Receivable, revolving | 0 | |
Financing Receivable, revolving term | 0 | |
Financing Receivable, Total | 2,901 | |
Commercial Real Estate Nonowner Occupied, Other [Member] | Doubtful [Member] | ||
Financing Receivable, Year One | 0 | |
Financing Receivable, Year Two | 0 | |
Financing Receivable, Year Three | 0 | |
Financing Receivable, Year Four | 0 | |
Financing Receivable, Year Five | 0 | |
Financing Receivable, prior | 2,959 | |
Financing Receivable, revolving | 0 | |
Financing Receivable, revolving term | 0 | |
Financing Receivable, Total | 2,959 | |
Bank Overdrafts [Member] | ||
Financing Receivable, Year One | 1,352 | 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 | 1,352 | 811 |
Bank Overdrafts [Member] | Pass [Member] | ||
Financing Receivable, Year One | 1,352 | 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 | 1,352 | 811 |
Credit Card Receivable [Member] | ||
Financing Receivable, Year One | 2,182 | 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 | 2,182 | 1,891 |
Credit Card Receivable [Member] | Pass [Member] | ||
Financing Receivable, Year One | 2,182 | 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 | 2,182 | 1,891 |
Other Financing Receivable [Member] | ||
Financing Receivable, Year One | 3,534 | 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 | 3,534 | 2,702 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Year One | 239,162 | 230,892 |
Financing Receivable, Year Two | 246,897 | 178,494 |
Financing Receivable, Year Three | 159,907 | 158,783 |
Financing Receivable, Year Four | 127,582 | 70,491 |
Financing Receivable, Year Five | 62,715 | 44,287 |
Financing Receivable, prior | 154,257 | 162,785 |
Financing Receivable, revolving | 13,848 | 20,299 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 1,004,368 | 866,031 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||
Financing Receivable, Year One | 13,750 | 72,417 |
Financing Receivable, Year Two | 47,010 | 13,087 |
Financing Receivable, Year Three | 11,503 | 7,046 |
Financing Receivable, Year Four | 6,621 | 4,595 |
Financing Receivable, Year Five | 3,981 | 23,156 |
Financing Receivable, prior | 35,917 | 28,092 |
Financing Receivable, revolving | 2,090 | 2,366 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 120,872 | 150,759 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Pass [Member] | ||
Financing Receivable, Year One | 13,750 | 72,417 |
Financing Receivable, Year Two | 47,010 | 11,869 |
Financing Receivable, Year Three | 10,312 | 7,046 |
Financing Receivable, Year Four | 6,621 | 4,595 |
Financing Receivable, Year Five | 3,981 | 22,939 |
Financing Receivable, prior | 35,476 | 27,905 |
Financing Receivable, revolving | 2,090 | 2,366 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 119,240 | 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 | 1,119 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 233 | 187 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 1,352 | 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 | 208 | 0 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 280 | 289 |
Land and Land Improvements [Member] | ||
Financing Receivable, Year One | 27,857 | 26,671 |
Financing Receivable, Year Two | 23,490 | 14,205 |
Financing Receivable, Year Three | 10,819 | 20,392 |
Financing Receivable, Year Four | 13,504 | 5,627 |
Financing Receivable, Year Five | 5,142 | 2,927 |
Financing Receivable, prior | 18,066 | 24,262 |
Financing Receivable, revolving | 7,484 | 6,721 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 106,362 | 100,805 |
Land and Land Improvements [Member] | Pass [Member] | ||
Financing Receivable, Year One | 27,857 | 26,671 |
Financing Receivable, Year Two | 23,490 | 14,050 |
Financing Receivable, Year Three | 10,670 | 20,275 |
Financing Receivable, Year Four | 13,395 | 5,627 |
Financing Receivable, Year Five | 5,142 | 2,927 |
Financing Receivable, prior | 15,859 | 21,875 |
Financing Receivable, revolving | 7,484 | 6,721 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 103,897 | 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 | 149 | 117 |
Financing Receivable, Year Four | 109 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 473 | 591 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 731 | 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 | 1,734 | 1,796 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 1,734 | 1,796 |
Commercial Real Estate Owner Occupied, Retail [Member] | ||
Financing Receivable, Year One | 23,604 | 78,780 |
Financing Receivable, Year Two | 70,257 | 29,749 |
Financing Receivable, Year Three | 28,128 | 34,438 |
Financing Receivable, Year Four | 28,327 | 8,813 |
Financing Receivable, Year Five | 8,163 | 9,867 |
Financing Receivable, prior | 27,491 | 26,193 |
Financing Receivable, revolving | 2,226 | 2,464 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 188,196 | 190,304 |
Commercial Real Estate Owner Occupied, Retail [Member] | Pass [Member] | ||
Financing Receivable, Year One | 23,604 | 78,780 |
Financing Receivable, Year Two | 70,257 | 29,749 |
Financing Receivable, Year Three | 28,128 | 33,114 |
Financing Receivable, Year Four | 28,327 | 8,813 |
Financing Receivable, Year Five | 8,163 | 9,318 |
Financing Receivable, prior | 26,538 | 25,296 |
Financing Receivable, revolving | 2,226 | 2,464 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 187,243 | 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 | 603 | 671 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 603 | 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 | 350 | 226 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 350 | 2,099 |
Construction Loans [Member] | ||
Financing Receivable, Year One | 82,650 | 64,352 |
Financing Receivable, Year Two | 140,764 | 64,022 |
Financing Receivable, Year Three | 54,584 | 7,438 |
Financing Receivable, Year Four | 317 | 1,736 |
Financing Receivable, Year Five | 1,680 | 0 |
Financing Receivable, prior | 0 | 170 |
Financing Receivable, revolving | 2,940 | 8,320 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 282,935 | 146,038 |
Construction Loans [Member] | Pass [Member] | ||
Financing Receivable, Year One | 82,650 | 64,352 |
Financing Receivable, Year Two | 140,764 | 64,022 |
Financing Receivable, Year Three | 54,584 | 7,438 |
Financing Receivable, Year Four | 317 | 1,407 |
Financing Receivable, Year Five | 1,355 | 0 |
Financing Receivable, prior | 0 | 0 |
Financing Receivable, revolving | 2,940 | 8,320 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 282,610 | 145,539 |
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 | 325 | 0 |
Financing Receivable, prior | 0 | 170 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 325 | 499 |
Commercial Real Estate Owner Occupied, Other [Member] | ||
Financing Receivable, Year One | 43,811 | 32,864 |
Financing Receivable, Year Two | 27,230 | 30,897 |
Financing Receivable, Year Three | 24,870 | 13,216 |
Financing Receivable, Year Four | 7,778 | 16,716 |
Financing Receivable, Year Five | 15,453 | 7,501 |
Financing Receivable, prior | 35,428 | 39,631 |
Financing Receivable, revolving | 3,412 | 2,820 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 157,982 | 143,645 |
Commercial Real Estate Owner Occupied, Other [Member] | Pass [Member] | ||
Financing Receivable, Year One | 43,811 | 32,805 |
Financing Receivable, Year Two | 27,174 | 30,897 |
Financing Receivable, Year Three | 24,870 | 13,216 |
Financing Receivable, Year Four | 7,778 | 16,716 |
Financing Receivable, Year Five | 15,346 | 7,501 |
Financing Receivable, prior | 34,720 | 38,796 |
Financing Receivable, revolving | 3,412 | 2,782 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 157,111 | 142,713 |
Commercial Real Estate Owner Occupied, Other [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 0 | 59 |
Financing Receivable, Year Two | 56 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 392 | 532 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 448 | 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 | 107 | 0 |
Financing Receivable, prior | 316 | 303 |
Financing Receivable, revolving | 0 | 38 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 423 | 341 |
Construction and Development Financial Receivable [Member] | ||
Financing Receivable, Year One | 110,507 | 91,023 |
Financing Receivable, Year Two | 164,254 | 78,227 |
Financing Receivable, Year Three | 65,403 | 27,830 |
Financing Receivable, Year Four | 13,821 | 7,363 |
Financing Receivable, Year Five | 6,822 | 2,927 |
Financing Receivable, prior | 18,066 | 24,432 |
Financing Receivable, revolving | 10,424 | 15,041 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 389,297 | 246,843 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | ||
Financing Receivable, Year One | 38,783 | 39,637 |
Financing Receivable, Year Two | 39,537 | 34,962 |
Financing Receivable, Year Three | 30,297 | 19,633 |
Financing Receivable, Year Four | 16,803 | 19,693 |
Financing Receivable, Year Five | 17,556 | 15,587 |
Financing Receivable, prior | 122,350 | 133,293 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 265,326 | 262,805 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Pass [Member] | ||
Financing Receivable, Year One | 38,783 | 39,637 |
Financing Receivable, Year Two | 39,416 | 34,962 |
Financing Receivable, Year Three | 30,297 | 18,974 |
Financing Receivable, Year Four | 16,003 | 18,784 |
Financing Receivable, Year Five | 16,581 | 14,597 |
Financing Receivable, prior | 105,822 | 115,384 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 246,902 | 242,338 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 53 | 0 |
Financing Receivable, Year Three | 0 | 184 |
Financing Receivable, Year Four | 180 | 62 |
Financing Receivable, Year Five | 74 | 534 |
Financing Receivable, prior | 9,074 | 10,377 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 9,381 | 11,157 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 68 | 0 |
Financing Receivable, Year Three | 0 | 475 |
Financing Receivable, Year Four | 620 | 847 |
Financing Receivable, Year Five | 901 | 456 |
Financing Receivable, prior | 7,454 | 7,532 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 9,043 | 9,310 |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Year One | 81,165 | 184,061 |
Financing Receivable, Year Two | 144,497 | 73,733 |
Financing Receivable, Year Three | 64,501 | 54,700 |
Financing Receivable, Year Four | 42,726 | 30,124 |
Financing Receivable, Year Five | 27,597 | 40,524 |
Financing Receivable, prior | 98,836 | 93,916 |
Financing Receivable, revolving | 7,728 | 7,650 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 467,050 | 484,708 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | ||
Financing Receivable, Year One | 32,059 | 1,736 |
Financing Receivable, Year Two | 1,695 | 6,143 |
Financing Receivable, Year Three | 5,908 | 69,575 |
Financing Receivable, Year Four | 68,819 | 15,949 |
Financing Receivable, Year Five | 15,358 | 6,953 |
Financing Receivable, prior | 13,122 | 20,563 |
Financing Receivable, revolving | 4,081 | 7,531 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 141,042 | 128,450 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Pass [Member] | ||
Financing Receivable, Year One | 32,059 | 1,736 |
Financing Receivable, Year Two | 1,695 | 3,313 |
Financing Receivable, Year Three | 3,192 | 32,634 |
Financing Receivable, Year Four | 32,688 | 15,949 |
Financing Receivable, Year Five | 15,358 | 6,953 |
Financing Receivable, prior | 12,899 | 20,308 |
Financing Receivable, revolving | 4,081 | 7,531 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 101,972 | 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 | 36,131 | 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 | 36,131 | 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 | 2,716 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 223 | 255 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 2,939 | 3,085 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||
Financing Receivable, Year One | 22,692 | 30,571 |
Financing Receivable, Year Two | 26,878 | 14,229 |
Financing Receivable, Year Three | 11,712 | 14,283 |
Financing Receivable, Year Four | 11,151 | 12,148 |
Financing Receivable, Year Five | 8,342 | 7,081 |
Financing Receivable, prior | 34,877 | 38,903 |
Financing Receivable, revolving | 5,896 | 4,774 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 121,548 | 121,989 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Pass [Member] | ||
Financing Receivable, Year One | 22,692 | 30,342 |
Financing Receivable, Year Two | 26,654 | 13,990 |
Financing Receivable, Year Three | 11,609 | 14,093 |
Financing Receivable, Year Four | 10,995 | 11,524 |
Financing Receivable, Year Five | 8,103 | 6,567 |
Financing Receivable, prior | 30,508 | 33,936 |
Financing Receivable, revolving | 5,784 | 4,630 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 116,345 | 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 | 224 | 107 |
Financing Receivable, Year Three | 103 | 57 |
Financing Receivable, Year Four | 0 | 250 |
Financing Receivable, Year Five | 0 | 1 |
Financing Receivable, prior | 1,100 | 1,579 |
Financing Receivable, revolving | 0 | 9 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 1,427 | 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 | 156 | 374 |
Financing Receivable, Year Five | 239 | 513 |
Financing Receivable, prior | 3,269 | 3,388 |
Financing Receivable, revolving | 112 | 135 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 3,776 | 4,675 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | ||
Financing Receivable, Year One | 2,868 | 13,294 |
Financing Receivable, Year Two | 13,191 | 7,641 |
Financing Receivable, Year Three | 7,679 | 9,218 |
Financing Receivable, Year Four | 3,776 | 14,209 |
Financing Receivable, Year Five | 13,017 | 4,506 |
Financing Receivable, prior | 10,463 | 10,156 |
Financing Receivable, revolving | 115 | 21 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 51,109 | 59,045 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | Pass [Member] | ||
Financing Receivable, Year One | 2,868 | 13,294 |
Financing Receivable, Year Two | 13,191 | 7,641 |
Financing Receivable, Year Three | 7,679 | 9,218 |
Financing Receivable, Year Four | 3,776 | 14,209 |
Financing Receivable, Year Five | 13,017 | 4,506 |
Financing Receivable, prior | 10,419 | 10,109 |
Financing Receivable, revolving | 115 | 21 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 51,065 | 58,998 |
Commercial Real Estate Nonowner Occupied Mini Storage [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 | 44 | 47 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 44 | 47 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | ||
Financing Receivable, Year One | 28,760 | 34,558 |
Financing Receivable, Year Two | 31,401 | 14,069 |
Financing Receivable, Year Three | 11,033 | 5,971 |
Financing Receivable, Year Four | 3,631 | 5,283 |
Financing Receivable, Year Five | 3,932 | 2,790 |
Financing Receivable, prior | 12,452 | 15,359 |
Financing Receivable, revolving | 894 | 1,078 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 92,103 | 79,108 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | Pass [Member] | ||
Financing Receivable, Year One | 28,090 | 34,558 |
Financing Receivable, Year Two | 31,401 | 14,069 |
Financing Receivable, Year Three | 11,033 | 5,971 |
Financing Receivable, Year Four | 3,631 | 5,283 |
Financing Receivable, Year Five | 3,932 | 2,790 |
Financing Receivable, prior | 9,045 | 11,776 |
Financing Receivable, revolving | 894 | 1,078 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 88,026 | 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 | 26 | 29 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 26 | 29 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 670 | 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 | 3,381 | 3,554 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 4,051 | 3,554 |
Multifamily [Member] | ||
Financing Receivable, Year One | 57,727 | 55,367 |
Financing Receivable, Year Two | 56,073 | 39,687 |
Financing Receivable, Year Three | 54,119 | 45,016 |
Financing Receivable, Year Four | 29,479 | 23,665 |
Financing Receivable, Year Five | 21,359 | 14,629 |
Financing Receivable, prior | 53,302 | 51,252 |
Financing Receivable, revolving | 646 | 3,541 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 272,705 | 233,157 |
Multifamily [Member] | Pass [Member] | ||
Financing Receivable, Year One | 57,727 | 55,367 |
Financing Receivable, Year Two | 56,073 | 39,105 |
Financing Receivable, Year Three | 53,558 | 45,016 |
Financing Receivable, Year Four | 29,479 | 23,665 |
Financing Receivable, Year Five | 21,359 | 14,629 |
Financing Receivable, prior | 53,244 | 51,155 |
Financing Receivable, revolving | 646 | 3,372 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 272,086 | 232,309 |
Multifamily [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 582 |
Financing Receivable, Year Three | 81 | 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 | 81 | 794 |
Multifamily [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 0 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 480 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 0 | 0 |
Financing Receivable, prior | 58 | 54 |
Financing Receivable, revolving | 0 | 0 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 538 | 54 |
Home Equity Line of Credit [Member] | ||
Financing Receivable, Year One | 116 | 27 |
Financing Receivable, Year Two | 219 | 115 |
Financing Receivable, Year Three | 55 | 11 |
Financing Receivable, Year Four | 50 | 50 |
Financing Receivable, Year Five | 375 | 78 |
Financing Receivable, prior | 3,205 | 1,881 |
Financing Receivable, revolving | 67,966 | 69,950 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 71,986 | 72,112 |
Home Equity Line of Credit [Member] | Pass [Member] | ||
Financing Receivable, Year One | 65 | 27 |
Financing Receivable, Year Two | 219 | 115 |
Financing Receivable, Year Three | 55 | 11 |
Financing Receivable, Year Four | 50 | 50 |
Financing Receivable, Year Five | 192 | 78 |
Financing Receivable, prior | 2,118 | 1,380 |
Financing Receivable, revolving | 67,155 | 68,293 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 69,854 | 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 | 125 | 0 |
Financing Receivable, prior | 626 | 94 |
Financing Receivable, revolving | 757 | 1,399 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 1,508 | 1,493 |
Home Equity Line of Credit [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 51 | 0 |
Financing Receivable, Year Two | 0 | 0 |
Financing Receivable, Year Three | 0 | 0 |
Financing Receivable, Year Four | 0 | 0 |
Financing Receivable, Year Five | 58 | 0 |
Financing Receivable, prior | 461 | 407 |
Financing Receivable, revolving | 54 | 258 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 624 | 665 |
Residential 1-4 Family Real Estate [Member] | ||
Financing Receivable, Year One | 90,351 | 104,793 |
Financing Receivable, Year Two | 98,035 | 63,375 |
Financing Receivable, Year Three | 53,097 | 39,898 |
Financing Receivable, Year Four | 31,635 | 37,174 |
Financing Receivable, Year Five | 30,205 | 25,536 |
Financing Receivable, prior | 172,884 | 189,436 |
Financing Receivable, revolving | 74,756 | 75,802 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 550,963 | 536,014 |
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 | 130,390 | 227,869 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 130,390 | 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 | 130,390 | 227,869 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 130,390 | 227,869 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Year One | 19,133 | 15,237 |
Financing Receivable, Year Two | 8,057 | 6,810 |
Financing Receivable, Year Three | 3,276 | 4,694 |
Financing Receivable, Year Four | 1,889 | 1,844 |
Financing Receivable, Year Five | 770 | 630 |
Financing Receivable, prior | 1,324 | 1,766 |
Financing Receivable, revolving | 923 | 942 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 35,372 | 31,923 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Year One | 17,594 | 14,134 |
Financing Receivable, Year Two | 7,620 | 6,333 |
Financing Receivable, Year Three | 3,066 | 4,444 |
Financing Receivable, Year Four | 1,806 | 1,767 |
Financing Receivable, Year Five | 749 | 540 |
Financing Receivable, prior | 1,221 | 1,691 |
Financing Receivable, revolving | 889 | 902 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 32,945 | 29,811 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Year One | 1,332 | 904 |
Financing Receivable, Year Two | 362 | 381 |
Financing Receivable, Year Three | 179 | 210 |
Financing Receivable, Year Four | 83 | 66 |
Financing Receivable, Year Five | 18 | 87 |
Financing Receivable, prior | 102 | 53 |
Financing Receivable, revolving | 6 | 11 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | 2,082 | 1,712 |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Year One | 207 | 199 |
Financing Receivable, Year Two | 75 | 96 |
Financing Receivable, Year Three | 31 | 40 |
Financing Receivable, Year Four | 0 | 11 |
Financing Receivable, Year Five | 3 | 3 |
Financing Receivable, prior | 1 | 22 |
Financing Receivable, revolving | 28 | 29 |
Financing Receivable, revolving term | 0 | 0 |
Financing Receivable, Total | $ 345 | $ 400 |
Note 7 - Loans and Allowance_10
Note 7 - Loans and Allowance for Credit Losses on Loans - Activity of Related Party Loans (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Balance, beginning | $ 53,212 | $ 55,092 |
Additions | 516 | 2,677 |
Amounts collected | (4,419) | (4,557) |
Balance, ending | $ 49,309 | $ 53,212 |
Note 7 - Loans and Allowance_11
Note 7 - Loans and Allowance for Credit Losses on Loans - Allowance for Credit Loss (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Financing Receivable, Allowance for Credit Loss | $ 32,298 | $ 32,246 |
Financing Receivable, Provision for Credit Losses loans | 7,278 | 915 |
Financing Receivable, Charge offs | (1,439) | (1,507) |
Financing Receivable, Recoveries | 762 | 553 |
Financing Receivable, Allowance for Credit Loss | 38,899 | 32,298 |
Financing Receivable, Adjustment | 91 | |
Commercial Loans [Member] | ||
Financing Receivable, Allowance for Credit Loss | 3,218 | 2,304 |
Financing Receivable, Provision for Credit Losses loans | 1,774 | 1,112 |
Financing Receivable, Charge offs | (237) | (222) |
Financing Receivable, Recoveries | 186 | 24 |
Financing Receivable, Allowance for Credit Loss | 4,941 | 3,218 |
Financing Receivable, Adjustment | 0 | |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||
Financing Receivable, Allowance for Credit Loss | 1,092 | 954 |
Financing Receivable, Provision for Credit Losses loans | (126) | 71 |
Financing Receivable, Charge offs | 0 | (4) |
Financing Receivable, Recoveries | 0 | 0 |
Financing Receivable, Allowance for Credit Loss | 966 | 1,092 |
Financing Receivable, Adjustment | 71 | |
Commercial Real Estate Owner Occupied, Retail [Member] | ||
Financing Receivable, Allowance for Credit Loss | 1,362 | 3,173 |
Financing Receivable, Provision for Credit Losses loans | (79) | (1,812) |
Financing Receivable, Charge offs | (108) | 0 |
Financing Receivable, Recoveries | 1 | 1 |
Financing Receivable, Allowance for Credit Loss | 1,176 | 1,362 |
Financing Receivable, Adjustment | 0 | |
Commercial Real Estate Owner Occupied, Other [Member] | ||
Financing Receivable, Allowance for Credit Loss | 575 | 610 |
Financing Receivable, Provision for Credit Losses loans | (88) | (35) |
Financing Receivable, Charge offs | (61) | 0 |
Financing Receivable, Recoveries | 0 | 0 |
Financing Receivable, Allowance for Credit Loss | 426 | 575 |
Financing Receivable, Adjustment | 0 | |
Commercial Real Estate Nonowner Occupied Hotels and Motel [Member] | ||
Financing Receivable, Allowance for Credit Loss | 2,532 | 2,135 |
Financing Receivable, Provision for Credit Losses loans | (1,329) | 397 |
Financing Receivable, Charge offs | 0 | 0 |
Financing Receivable, Recoveries | 0 | 0 |
Financing Receivable, Allowance for Credit Loss | 1,203 | 2,532 |
Financing Receivable, Adjustment | 0 | |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | ||
Financing Receivable, Allowance for Credit Loss | 133 | 337 |
Financing Receivable, Provision for Credit Losses loans | (51) | (204) |
Financing Receivable, Charge offs | 0 | 0 |
Financing Receivable, Recoveries | 0 | 0 |
Financing Receivable, Allowance for Credit Loss | 82 | 133 |
Financing Receivable, Adjustment | 0 | |
Multifamily [Member] | ||
Financing Receivable, Allowance for Credit Loss | 1,821 | 1,547 |
Financing Receivable, Provision for Credit Losses loans | 1,080 | 265 |
Financing Receivable, Charge offs | 0 | 0 |
Financing Receivable, Recoveries | 6 | 9 |
Financing Receivable, Allowance for Credit Loss | 2,907 | 1,821 |
Financing Receivable, Adjustment | 0 | |
Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Financing Receivable, Allowance for Credit Loss | 1,074 | 981 |
Financing Receivable, Provision for Credit Losses loans | 228 | 93 |
Financing Receivable, Charge offs | 0 | 0 |
Financing Receivable, Recoveries | 60 | 0 |
Financing Receivable, Allowance for Credit Loss | 1,362 | 1,074 |
Financing Receivable, Adjustment | 0 | |
Commercial Real Estate Nonowner Occupied, Other [Member] | ||
Financing Receivable, Allowance for Credit Loss | 1,820 | 1,104 |
Financing Receivable, Provision for Credit Losses loans | 593 | 947 |
Financing Receivable, Charge offs | 0 | (233) |
Financing Receivable, Recoveries | 39 | 2 |
Financing Receivable, Allowance for Credit Loss | 2,452 | 1,820 |
Financing Receivable, Adjustment | 0 | |
Land and Land Improvements [Member] | ||
Financing Receivable, Allowance for Credit Loss | 3,468 | 4,084 |
Financing Receivable, Provision for Credit Losses loans | 76 | (628) |
Financing Receivable, Charge offs | (71) | 0 |
Financing Receivable, Recoveries | 9 | 12 |
Financing Receivable, Allowance for Credit Loss | 3,482 | 3,468 |
Financing Receivable, Adjustment | 0 | |
Construction Loans [Member] | ||
Financing Receivable, Allowance for Credit Loss | 6,346 | 4,648 |
Financing Receivable, Provision for Credit Losses loans | 4,792 | 1,698 |
Financing Receivable, Charge offs | 0 | 0 |
Financing Receivable, Recoveries | 0 | 0 |
Financing Receivable, Allowance for Credit Loss | 11,138 | 6,346 |
Financing Receivable, Adjustment | 0 | |
Residential 1-4 Family Real Estate, Personal Residence [Member] | ||
Financing Receivable, Allowance for Credit Loss | 2,765 | 3,559 |
Financing Receivable, Provision for Credit Losses loans | 230 | (548) |
Financing Receivable, Charge offs | (112) | (365) |
Financing Receivable, Recoveries | 56 | 119 |
Financing Receivable, Allowance for Credit Loss | 2,939 | 2,765 |
Financing Receivable, Adjustment | 0 | |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||
Financing Receivable, Allowance for Credit Loss | 2,834 | 2,736 |
Financing Receivable, Provision for Credit Losses loans | (848) | 177 |
Financing Receivable, Charge offs | (211) | (189) |
Financing Receivable, Recoveries | 132 | 90 |
Financing Receivable, Allowance for Credit Loss | 1,907 | 2,834 |
Financing Receivable, Adjustment | 20 | |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | ||
Financing Receivable, Allowance for Credit Loss | 2,374 | 3,007 |
Financing Receivable, Provision for Credit Losses loans | 294 | (633) |
Financing Receivable, Charge offs | 0 | 0 |
Financing Receivable, Recoveries | 0 | 0 |
Financing Receivable, Allowance for Credit Loss | 2,668 | 2,374 |
Financing Receivable, Adjustment | 0 | |
Home Equity Line of Credit [Member] | ||
Financing Receivable, Allowance for Credit Loss | 497 | 713 |
Financing Receivable, Provision for Credit Losses loans | 179 | (206) |
Financing Receivable, Charge offs | (8) | (26) |
Financing Receivable, Recoveries | 37 | 16 |
Financing Receivable, Allowance for Credit Loss | 705 | 497 |
Financing Receivable, Adjustment | 0 | |
Mortgage Warehouse Lines [Member] | ||
Financing Receivable, Allowance for Credit Loss | 0 | 0 |
Financing Receivable, Provision for Credit Losses loans | 0 | 0 |
Financing Receivable, Charge offs | 0 | 0 |
Financing Receivable, Recoveries | 0 | 0 |
Financing Receivable, Allowance for Credit Loss | 0 | 0 |
Financing Receivable, Adjustment | 0 | |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Allowance for Credit Loss | 163 | 216 |
Financing Receivable, Provision for Credit Losses loans | 70 | (44) |
Financing Receivable, Charge offs | (174) | (131) |
Financing Receivable, Recoveries | 115 | 122 |
Financing Receivable, Allowance for Credit Loss | 174 | 163 |
Financing Receivable, Adjustment | 0 | |
Credit Card Receivable [Member] | ||
Financing Receivable, Allowance for Credit Loss | 17 | 17 |
Financing Receivable, Provision for Credit Losses loans | 7 | 10 |
Financing Receivable, Charge offs | (24) | (16) |
Financing Receivable, Recoveries | 17 | 6 |
Financing Receivable, Allowance for Credit Loss | 17 | 17 |
Financing Receivable, Adjustment | 0 | |
Bank Overdrafts [Member] | ||
Financing Receivable, Allowance for Credit Loss | 207 | 121 |
Financing Receivable, Provision for Credit Losses loans | 476 | 255 |
Financing Receivable, Charge offs | (433) | (321) |
Financing Receivable, Recoveries | 104 | 152 |
Financing Receivable, Allowance for Credit Loss | $ 354 | 207 |
Financing Receivable, Adjustment | $ 0 |
Note 7 - Loans and Allowance_12
Note 7 - Loans and Allowance for Credit Losses on Loans - Impaired Financing Receivables (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Financing Receivable, Individually Evaluated for Impairment | $ 31,245 | $ 27,523 | |||
Financing Receivable, Loans Collectively Evaluated | 3,051,573 | [1] | 2,733,868 | [2] | |
Financing Receivable, Total | 3,082,818 | 2,761,391 | |||
Financing Receivable, Allowance for Credit Losses | 1,378 | 2,096 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 37,521 | 30,202 | |||
Allowance for Credit Losses, Total | 38,899 | 32,298 | $ 32,246 | ||
Commercial Loans [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 104 | 177 | |||
Financing Receivable, Loans Collectively Evaluated | 501,740 | [1] | 365,124 | [2] | |
Financing Receivable, Total | 501,844 | 365,301 | |||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 4,941 | 3,218 | |||
Allowance for Credit Losses, Total | 4,941 | 3,218 | 2,304 | ||
Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 1,969 | 2,073 | |||
Financing Receivable, Loans Collectively Evaluated | 118,903 | [1] | 148,686 | [2] | |
Financing Receivable, Total | 120,872 | 150,759 | |||
Financing Receivable, Allowance for Credit Losses | 212 | 199 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 754 | 893 | |||
Allowance for Credit Losses, Total | 966 | 1,092 | 954 | ||
Commercial Real Estate Owner Occupied, Retail [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 4,544 | 5,559 | |||
Financing Receivable, Loans Collectively Evaluated | 183,652 | [1] | 184,745 | [2] | |
Financing Receivable, Total | 188,196 | 190,304 | |||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 1,176 | 1,362 | |||
Allowance for Credit Losses, Total | 1,176 | 1,362 | 3,173 | ||
Commercial Real Estate Owner Occupied, Other [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | |||
Financing Receivable, Loans Collectively Evaluated | 157,982 | [1] | 143,645 | [2] | |
Financing Receivable, Total | 157,982 | 143,645 | |||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 426 | 575 | |||
Allowance for Credit Losses, Total | 426 | 575 | 610 | ||
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 2,939 | 3,085 | |||
Financing Receivable, Loans Collectively Evaluated | 138,103 | [1] | 125,365 | [2] | |
Financing Receivable, Total | 141,042 | 128,450 | |||
Financing Receivable, Allowance for Credit Losses | 0 | 669 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 1,203 | 1,863 | |||
Allowance for Credit Losses, Total | 1,203 | 2,532 | |||
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 1,058 | |||
Financing Receivable, Loans Collectively Evaluated | 51,109 | [1] | 57,987 | [2] | |
Financing Receivable, Total | 51,109 | 59,045 | |||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 82 | 133 | |||
Allowance for Credit Losses, Total | 82 | 133 | 337 | ||
Multifamily [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | |||
Financing Receivable, Loans Collectively Evaluated | 272,705 | [1] | 233,157 | [2] | |
Financing Receivable, Total | 272,705 | 233,157 | |||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 2,907 | 1,821 | |||
Allowance for Credit Losses, Total | 2,907 | 1,821 | 1,547 | ||
Commercial Real Estate Nonowner Occupied, Retail [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 9,906 | 2,693 | |||
Financing Receivable, Loans Collectively Evaluated | 182,364 | [1] | 160,065 | [2] | |
Financing Receivable, Total | 192,270 | 162,758 | |||
Financing Receivable, Allowance for Credit Losses | 95 | 0 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 1,267 | 1,074 | |||
Allowance for Credit Losses, Total | 1,362 | 1,074 | 981 | ||
Commercial Real Estate Nonowner Occupied, Other [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 5,551 | 5,726 | |||
Financing Receivable, Loans Collectively Evaluated | 341,691 | [1] | 276,895 | [2] | |
Financing Receivable, Total | 347,242 | 282,621 | |||
Financing Receivable, Allowance for Credit Losses | 287 | 69 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 2,165 | 1,751 | |||
Allowance for Credit Losses, Total | 2,452 | 1,820 | 1,104 | ||
Land and Land Improvements [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 1,398 | 2,004 | |||
Financing Receivable, Loans Collectively Evaluated | 104,964 | [1] | 98,801 | [2] | |
Financing Receivable, Total | 106,362 | 100,805 | |||
Financing Receivable, Allowance for Credit Losses | 502 | 723 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 2,980 | 2,745 | |||
Allowance for Credit Losses, Total | 3,482 | 3,468 | 4,084 | ||
Construction Loans [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | |||
Financing Receivable, Loans Collectively Evaluated | 282,935 | [1] | 146,038 | [2] | |
Financing Receivable, Total | 282,935 | 146,038 | |||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 11,138 | 6,346 | |||
Allowance for Credit Losses, Total | 11,138 | 6,346 | 4,648 | ||
Residential 1-4 Family Real Estate, Personal Residence [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | |||
Financing Receivable, Loans Collectively Evaluated | 265,326 | [1] | 262,805 | [2] | |
Financing Receivable, Total | 265,326 | 262,805 | |||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 2,939 | 2,765 | |||
Allowance for Credit Losses, Total | 2,939 | 2,765 | 3,559 | ||
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 1,159 | 1,463 | |||
Financing Receivable, Loans Collectively Evaluated | 120,389 | [1] | 120,526 | [2] | |
Financing Receivable, Total | 121,548 | 121,989 | |||
Financing Receivable, Allowance for Credit Losses | 282 | 436 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 1,625 | 2,398 | |||
Allowance for Credit Losses, Total | 1,907 | 2,834 | 2,736 | ||
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 3,675 | 3,162 | |||
Financing Receivable, Loans Collectively Evaluated | 88,428 | [1] | 75,946 | [2] | |
Financing Receivable, Total | 92,103 | 79,108 | |||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 2,668 | 2,374 | |||
Allowance for Credit Losses, Total | 2,668 | 2,374 | 3,007 | ||
Home Equity Loan [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 523 | |||
Financing Receivable, Loans Collectively Evaluated | 71,986 | [1] | 71,589 | [2] | |
Financing Receivable, Total | 71,986 | 72,112 | |||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 705 | 497 | |||
Allowance for Credit Losses, Total | 705 | 497 | |||
Mortgage Warehouse Lines [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | |||
Financing Receivable, Loans Collectively Evaluated | 130,390 | [1] | 227,869 | [2] | |
Financing Receivable, Total | 130,390 | 227,869 | |||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 0 | 0 | |||
Allowance for Credit Losses, Total | 0 | 0 | 0 | ||
Consumer Portfolio Segment [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | |||
Financing Receivable, Loans Collectively Evaluated | 35,372 | [1] | 31,923 | [2] | |
Financing Receivable, Total | 35,372 | 31,923 | |||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 174 | 163 | |||
Allowance for Credit Losses, Total | 174 | 163 | 216 | ||
Credit Card Receivable [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | |||
Financing Receivable, Loans Collectively Evaluated | 2,182 | [1] | 1,891 | [2] | |
Financing Receivable, Total | 2,182 | 1,891 | |||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 17 | 17 | |||
Allowance for Credit Losses, Total | 17 | 17 | 17 | ||
Bank Overdrafts [Member] | |||||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 | |||
Financing Receivable, Loans Collectively Evaluated | 1,352 | [1] | 811 | [2] | |
Financing Receivable, Total | 1,352 | 811 | |||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | |||
Allowance for Credit Losses, Loans Collectively Evaluated | 354 | 207 | |||
Allowance for Credit Losses, Total | $ 354 | $ 207 | $ 121 | ||
[1]Included in the loans collectively evaluated are $8.5 million in fully guaranteed or cash secured loans, which are excluded from the pools collectively evaluated and carry no allowance.[2]Included in the loans collectively evaluated are $19.8 million in fully guaranteed or cash secured loans, which are excluded from the pools collectively evaluated and carry no allowance. |
Note 7 - Loans and Allowance_13
Note 7 - Loans and Allowance for Credit Losses on Loans - Collateral Dependent Financing Receivables (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Financing Receivable, Individually Evaluated for Impairment | $ 31,245 | $ 27,523 |
Financing Receivable, Allowance for Credit Losses | 1,378 | 2,096 |
Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 31,141 | 27,346 |
Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 104 | 177 |
Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 31,245 | 27,523 |
Financing Receivable, Allowance for Credit Losses | 1,378 | 2,096 |
Commercial Loans [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 104 | 177 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Commercial Loans [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Commercial Loans [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 104 | 177 |
Commercial Loans [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 104 | 177 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 1,969 | 2,073 |
Financing Receivable, Allowance for Credit Losses | 212 | 199 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 1,969 | 2,073 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 1,969 | 2,073 |
Financing Receivable, Allowance for Credit Losses | 212 | 199 |
Commercial Real Estate Owner Occupied, Retail [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 4,544 | 5,559 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Commercial Real Estate Owner Occupied, Retail [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 4,544 | 5,559 |
Commercial Real Estate Owner Occupied, Retail [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Commercial Real Estate Owner Occupied, Retail [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 4,544 | 5,559 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Commercial Real Estate Owner Occupied, Other [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Commercial Real Estate Owner Occupied, Other [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Commercial Real Estate Owner Occupied, Other [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Commercial Real Estate Owner Occupied, Other [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 2,939 | 3,085 |
Financing Receivable, Allowance for Credit Losses | 0 | 669 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 2,939 | 3,085 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 2,939 | 3,085 |
Financing Receivable, Allowance for Credit Losses | 0 | 669 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 1,058 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 1,058 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 1,058 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Multifamily [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Multifamily [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Multifamily [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Multifamily [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 9,906 | 2,693 |
Financing Receivable, Allowance for Credit Losses | 95 | 0 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 9,906 | 2,693 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 9,906 | 2,693 |
Financing Receivable, Allowance for Credit Losses | 95 | 0 |
Commercial Real Estate Nonowner Occupied, Other [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 5,551 | 5,726 |
Financing Receivable, Allowance for Credit Losses | 287 | 69 |
Commercial Real Estate Nonowner Occupied, Other [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 5,551 | 5,726 |
Commercial Real Estate Nonowner Occupied, Other [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Commercial Real Estate Nonowner Occupied, Other [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 5,551 | 5,726 |
Financing Receivable, Allowance for Credit Losses | 287 | 69 |
Land and Land Improvements [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 1,398 | 2,004 |
Financing Receivable, Allowance for Credit Losses | 502 | 723 |
Land and Land Improvements [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 1,398 | 2,004 |
Land and Land Improvements [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Land and Land Improvements [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 1,398 | 2,004 |
Financing Receivable, Allowance for Credit Losses | 502 | 723 |
Construction Loans [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Construction Loans [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Construction Loans [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Construction Loans [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 1,159 | 1,463 |
Financing Receivable, Allowance for Credit Losses | 282 | 436 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 1,159 | 1,463 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 1,159 | 1,463 |
Financing Receivable, Allowance for Credit Losses | 282 | 436 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 3,675 | 3,162 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 3,675 | 3,162 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 3,675 | 3,162 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Home Equity Loan [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 523 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Home Equity Loan [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 523 |
Home Equity Loan [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Home Equity Loan [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 523 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Consumer Portfolio Segment [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Consumer Portfolio Segment [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Consumer Portfolio Segment [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Credit Card Receivable [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Credit Card Receivable [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Credit Card Receivable [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Credit Card Receivable [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Bank Overdrafts [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Bank Overdrafts [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Bank Overdrafts [Member] | Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Bank Overdrafts [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Financing Receivable, Allowance for Credit Losses | $ 0 | $ 0 |
Note 8 - Property Held for Sa_3
Note 8 - Property Held for Sale (Details Textual) | Dec. 31, 2022 USD ($) |
Foreclosed Property Consumer Residential Real Estate | $ 290,000 |
Note 8 - Property Held for Sa_4
Note 8 - Property Held for Sale - Activity for Property Held for Sale (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Beginning balance | $ 9,858 | $ 15,588 | $ 19,276 |
Acquisitions | 6 | 532 | 1,132 |
Acquisition of WinFirst | 0 | 0 | 146 |
Capitalized improvements | 36 | 0 | 1,352 |
Dispositions | (4,646) | (4,845) | (4,535) |
Valuation adjustments | (187) | (1,417) | (1,783) |
Balance at year end | $ 5,067 | $ 9,858 | $ 15,588 |
Note 9 - Premises and Equipme_3
Note 9 - Premises and Equipment (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Capitalized Interest | $ 0 | $ 0 | |
Depreciation, Total | $ 3,608 | $ 3,587 | $ 3,223 |
Building [Member] | |||
Property, Plant and Equipment, Useful Life (Year) | 30 years | ||
Furniture and Equipment [Member] | Minimum [Member] | |||
Property, Plant and Equipment, Useful Life (Year) | 3 years | ||
Furniture and Equipment [Member] | Maximum [Member] | |||
Property, Plant and Equipment, Useful Life (Year) | 10 years |
Note 9 - Premises and Equipme_4
Note 9 - Premises and Equipment - Major Categories of Premises and Equipment and Accumulated Depreciation (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Premises and equipment, gross | $ 90,176 | $ 89,095 |
Less accumulated depreciation | (36,195) | (32,724) |
Total premises and equipment, net | 53,981 | 56,371 |
Land [Member] | ||
Premises and equipment, gross | 13,729 | 13,786 |
Building and Building Improvements [Member] | ||
Premises and equipment, gross | 44,620 | 44,121 |
Furniture and Equipment [Member] | ||
Premises and equipment, gross | $ 31,827 | $ 31,188 |
Note 10 - Lease Commitments (De
Note 10 - Lease Commitments (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Operating Lease, Expense | $ 999,000 | $ 904,000 | $ 606,000 |
Operating Lease, Payments | $ 859,000 | $ 732,000 | $ 358,000 |
Lessee, Operating Lease, Remaining Lease Term (Year) | 8 years 7 months 6 days | 9 years | |
Lessee, Operating Lease, Discount Rate | 1.71% | 1.46% | |
Other Assets [Member] | |||
Operating Lease, Right-of-Use Asset | $ 6,000,000 | $ 6,400,000 | |
Other Liabilities [Member] | |||
Operating Lease, Liability, Total | $ 6,081,000 | $ 6,600,000 |
Note 10 - Lease Commitments - C
Note 10 - Lease Commitments - Components of Total Lease Expense (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Amortization of lease right-of-use assets | $ 961,000 | $ 858,000 | $ 540,000 |
Short-term lease expense | 38,000 | 46,000 | 66,000 |
Total | $ 999,000 | $ 904,000 | $ 606,000 |
Note 10 - Lease Commitments - F
Note 10 - Lease Commitments - Future Lease Payments (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Operating Leases, Future Minimum Payments Due, Next Twelve Months | $ 868 | |
Operating Leases, Future Minimum Payments Due, Due in Two Years | 851 | |
Operating Leases, Future Minimum Payments Due, Due in Three Years | 800 | |
Operating Leases, Future Minimum Payments Due, Due in Four Years | 759 | |
Operating Leases, Future Minimum Payments Due, Due in Five Years | 650 | |
Operating Leases, Future Minimum Payments Due, Due Thereafter | 2,621 | |
Lessee, Operating Lease, Liability, to be Paid | 6,549 | |
Lessee, Operating Lease, Liability, Undiscounted Excess Amount | (468) | |
Other Liabilities [Member] | ||
Operating Lease, Liability | $ 6,081 | $ 6,600 |
Note 11 - Goodwill and Other _3
Note 11 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |||
Sep. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Jul. 10, 2021 | |
Goodwill, Ending Balance | $ 55,300 | $ 55,300 | $ 10,331 | |
Goodwill, Impairment Loss | $ 0 | |||
Finite-Lived Intangible Assets, Net, Ending Balance | $ 6,800 | $ 8,240 |
Note 11 - Goodwill and Other _4
Note 11 - Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Finite-Lived Intangible Assets, Net carrying amount | $ 6,800 | $ 8,240 |
Other Intangible Assets [Member] | ||
Finite-Lived Intangible Assets, Gross carrying amount | 15,828 | 15,828 |
Finite-Lived Intangible Assets, Less: accumulated amortization | 9,025 | 7,585 |
Finite-Lived Intangible Assets, Net carrying amount | $ 6,803 | $ 8,243 |
Note 11 - Goodwill and Other _5
Note 11 - Goodwill and Other Intangible Assets - Amortization of Identifiable Intangible Assets (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Amortization of Intangible Assets | $ 1,440 | $ 1,563 | $ 1,659 |
Core Deposits [Member] | |||
Amortization of Intangible Assets | 1,440 | $ 1,563 | $ 1,659 |
Finite-Lived Intangible Asset, Expected Amortization, Year One | 1,299 | ||
Finite-Lived Intangible Asset, Expected Amortization, Year Two | 1,158 | ||
Finite-Lived Intangible Asset, Expected Amortization, Year Three | 1,019 | ||
Finite-Lived Intangible Asset, Expected Amortization, Year Four | 878 | ||
Finite-Lived Intangible Asset, Expected Amortization, Year Five | 737 | ||
Finite-Lived Intangible Asset, Expected Amortization, After Year Five | $ 1,642 |
Note 12 - Deposits (Details Tex
Note 12 - Deposits (Details Textual) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Deposits, Wholesale | $ 32.8 | $ 14.7 |
Time Deposits, at or Above FDIC Insurance Limit | 88 | |
Related Party Deposit Liabilities | $ 59.2 | $ 63.9 |
Note 12 - Deposits - Deposit Li
Note 12 - Deposits - Deposit Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Demand deposits, interest bearing | $ 1,743,299 | $ 1,127,298 |
Savings deposits | 496,751 | 698,156 |
Time deposits | 376,213 | 548,649 |
Total | $ 2,616,263 | $ 2,374,103 |
Note 12 - Deposits - Scheduled
Note 12 - Deposits - Scheduled Maturities of Time Deposits (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
2023 | $ 207,317 | |
2024 | 106,859 | |
2025 | 33,723 | |
2026 | 14,370 | |
2027 | 8,185 | |
Thereafter | 5,759 | |
Total | $ 376,213 | $ 548,649 |
Note 12 - Deposits - Time Depos
Note 12 - Deposits - Time Deposit Maturities (Details) $ in Thousands | Dec. 31, 2022 USD ($) |
Three months or less | $ 21,703 |
Three through six months | 5,760 |
Six through twelve months | 12,062 |
Over twelve months | 48,489 |
Total | $ 88,014 |
Note 13 - Borrowed Funds (Detai
Note 13 - Borrowed Funds (Details Textual) | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||
Dec. 31, 2005 USD ($) | Mar. 31, 2004 USD ($) | Oct. 31, 2002 USD ($) | Dec. 31, 2021 USD ($) | Sep. 30, 2020 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Federal Home Loan Bank Collateral Amount for Advances | $ 1,800,000,000 | |||||||
Federal Reserve Bank, Amount of Loans Pledged For Line of Credit | 506,000,000 | |||||||
Borrowing Availability Through Credit Lines and Federal Funds Purchased Agreements | 290,400,000 | |||||||
Federal Funds Purchased | $ 146,000 | 149,000 | $ 146,000 | |||||
Long-Term Debt, Total | 679,000 | 658,000 | 679,000 | |||||
Subordinated Debt, Ending Balance | 102,891,000 | $ 103,296,000 | 102,891,000 | |||||
Number of Statutory Business Trusts | 3 | |||||||
Proceeds from Issuance of Common Stock | $ 203,000 | 294,000 | $ 178,000 | |||||
Trust Preferred Securities Limited to Tier One Capital Elements Net of Goodwill | 25% | |||||||
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust, Total | 19,589,000 | $ 19,589,000 | 19,589,000 | |||||
SFG Capital Trust I [Member] | ||||||||
Debt Instrument, Basis Spread on Variable Rate | 3.45% | |||||||
Proceeds from Issuance or Sale of Equity, Total | $ 3,500,000 | |||||||
Proceeds from Issuance of Common Stock | 109,000 | |||||||
Payments to Acquire Investments, Total | $ 3,610,000 | |||||||
SFG Capital Trust II [Member] | ||||||||
Debt Instrument, Basis Spread on Variable Rate | 2.80% | |||||||
Proceeds from Issuance or Sale of Equity, Total | $ 7,500,000 | |||||||
Proceeds from Issuance of Common Stock | 232,000 | |||||||
Payments to Acquire Investments, Total | $ 7,730,000 | |||||||
SFG Capital Trust III [Member] | ||||||||
Debt Instrument, Basis Spread on Variable Rate | 1.45% | |||||||
Proceeds from Issuance or Sale of Equity, Total | $ 8,000,000 | |||||||
Proceeds from Issuance of Common Stock | 248,000 | |||||||
Payments to Acquire Investments, Total | $ 8,250,000 | |||||||
SFG Capital Trust I, SFG Capital Trust II and SFG Capital Trust III [Member] | ||||||||
Equity Method Investment, Ownership Percentage | 100% | |||||||
Issued Fourth Quarter2021 [Member] | ||||||||
Debt Instrument, Face Amount | 75,000,000 | 75,000,000 | ||||||
Debt Issuance Costs, Net, Total | 1,740,000 | 1,740,000 | ||||||
Subordinated Debt, Ending Balance | $ 73,400,000 | $ 73,700,000 | 73,400,000 | |||||
Number of Maturity Years Remaining to Qualify as Tier2 Capital (Year) | 5 years | |||||||
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 | |||||||
Debt Issuance Costs, Net, Total | $ 681,000 | |||||||
Subordinated Debt, Ending Balance | $ 29,500,000 | $ 29,600,000 | $ 29,500,000 | |||||
Number of Maturity Years Remaining to Qualify as Tier2 Capital (Year) | 5 years | |||||||
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] | ||||||||
Long-Term Debt, Weighted Average Interest Rate, at Point in Time | 5.34% | 5.34% | 5.34% | |||||
Subsidiaries [Member] | ||||||||
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | $ 1,040,000,000 | |||||||
Line of Credit [Member] | ||||||||
Line of Credit Facility, Maximum Borrowing Capacity | 6,000,000 | |||||||
Line of Credit [Member] | Federal Reserve Bank Advances [Member] | ||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 284,400,000 |
Note 13 - Borrowed Funds - Sche
Note 13 - Borrowed Funds - Schedule of Short-term Debt (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Short-term borrowings | $ 225,999 | $ 140,146 |
Federal Home Loan Bank Advances [Member] | ||
Short-term borrowings | 225,850 | 140,000 |
Average balance outstanding for the period | 204,118 | 140,000 |
Maximum balance outstanding at any month end during period | $ 298,900 | $ 140,000 |
Weighted average interest rate for the period | 2.37% | 0.33% |
Weighted average interest rate for balances outstanding at December 31 | 4.47% | 0.26% |
Note 13 - Borrowed Funds - Sc_2
Note 13 - Borrowed Funds - Schedule of Maturities of Long-term Debt (Details) - USD ($) | Dec. 31, 2022 | Dec. 31, 2021 |
Total | $ 658,000 | $ 679,000 |
Long-Term Debt [Member] | ||
2023 | 22,000 | |
2024 | 23,000 | |
2025 | 24,000 | |
2026 | 589,000 | |
2027 | 0 | |
Thereafter | 0 | |
Total | 658,000 | |
Subordinated Debt [Member] | ||
2023 | 0 | |
2024 | 0 | |
2025 | 0 | |
2026 | 0 | |
2027 | 0 | |
Thereafter | 105,000,000 | |
Total | 105,000,000 | |
Subordinated Debentures Owed To Unconsolidated Subsidiary Trusts [Member] | ||
2023 | 0 | |
2024 | 0 | |
2025 | 0 | |
2026 | 0 | |
2027 | 0 | |
Thereafter | 19,589,000 | |
Total | $ 19,589,000 |
Note 14 - Derivative Financia_3
Note 14 - Derivative Financial Instruments (Details Textual) $ in Millions | Dec. 31, 2022 USD ($) |
Interest Rate Swap [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 | 12 Months Ended | |
Dec. 31, 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 | 1,871 | 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 | 20,554 | 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 | 10,047 | 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 | 16,876 | 17,548 |
Cash Flow Hedge Derivative Instrument Assets at Fair Value | 911 | 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 | 7,123 | 0 |
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value | 0 | 529 |
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net | $ (12) | $ 22 |
Note 15 - Income Taxes - Schedu
Note 15 - Income Taxes - Schedule of Components of Applicable Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Current | |||
Federal | $ 12,222 | $ 10,189 | $ 10,189 |
State | 1,654 | 1,210 | 1,440 |
Current Income Tax Expense (Benefit), Total | 13,876 | 11,399 | 11,629 |
Deferred | |||
Federal | 191 | 231 | (3,673) |
State | 27 | 33 | (528) |
Deferred Income Tax Expense (Benefit), Total | 218 | 264 | (4,201) |
Total | $ 14,094 | $ 11,663 | $ 7,428 |
Note 15 - Income Taxes - Reconc
Note 15 - Income Taxes - Reconciliation Statutory Income Tax Rates (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Computed tax at applicable statutory rate | $ 14,135 | $ 12,054 | $ 8,138 |
Computed tax at applicable statutory rate, percent | 21% | 21% | 21% |
Tax-exempt interest and dividends, net | $ (1,005) | $ (829) | $ (788) |
Tax-exempt interest and dividends, net, percent | (2.00%) | (1.00%) | (2.00%) |
Low-income housing and rehabilitation tax credits | $ (214) | $ (206) | $ (248) |
Low-income housing and rehabilitation tax credits, percent | 0% | 0% | (1.00%) |
State income taxes, net of Federal income tax benefit | $ 1,328 | $ 982 | $ 720 |
State income taxes, net of Federal income tax benefit, percent | 2% | 2% | 2% |
Other, net | $ (150) | $ (338) | $ (394) |
Other, net, percent | 0% | (1.00%) | (1.00%) |
Total | $ 14,094 | $ 11,663 | $ 7,428 |
Applicable income taxes, percent | 21% | 21% | 19% |
Note 15 - Income Taxes - Deferr
Note 15 - Income Taxes - Deferred Tax Assets an Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Allowance for credit losses | $ 11,003 | $ 9,497 |
Foreclosed properties | 789 | 2,089 |
Deferred compensation | 4,830 | 4,803 |
Other deferred costs and accrued expenses | 1,096 | 970 |
Net unrealized loss on debt securities available for sale | 11,968 | 0 |
Net unrealized loss on equity investments | 17 | |
Net unrealized loss on derivative financial instruments | 0 | 0 |
Total | 29,703 | 17,359 |
Depreciation | 726 | 630 |
Accretion on tax-exempt securities | 8 | 9 |
Net unrealized gain on debt securities available for sale | 0 | 590 |
Net unrealized gain on interest rate swaps | 8,299 | 1,136 |
Other post-retirement benefits | 46 | 12 |
Acquisition accounting adjustments and goodwill | 2,944 | 2,440 |
Total | 12,023 | 4,817 |
Net deferred tax assets | $ 17,680 | $ 12,542 |
Note 16 - Employee Benefits (De
Note 16 - Employee Benefits (Details Textual) - USD ($) | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | May 31, 2014 | |
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 829,000 | $ 792,000 | $ 678,000 | |
Employee Stock Ownership Plan (ESOP), Cash Contributions to ESOP | $ 1,200,000 | $ 882,000 | 816,000 | |
Employee Stock Ownership Plan (ESOP), Shares in ESOP, Total (in shares) | 549,330 | 547,858 | ||
Common Stock, Shares Authorized (in shares) | 20,000,000 | 20,000,000 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value | $ 172,000 | $ 255,000 | 9,000 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value | $ 672,000 | $ 396,000 | 596,000 | |
Stock Issued During Period, Shares, Restricted Stock Award, Gross (in shares) | 707 | 1,500 | ||
Share-Based Payment Arrangement, Expense | $ 624,000 | $ 646,000 | 527,000 | |
Share-Based Payment Arrangement, Expense, Tax Benefit | 150,000 | $ 155,000 | $ 127,000 | |
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 1,600,000 | |||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 10 months 13 days | |||
Share-Based Payment Arrangement, Tranche One [Member] | ||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross (in shares) | 2,763 | |||
Share-Based Payment Arrangement, Tranche Two [Member] | ||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross (in shares) | 10,995 | |||
Restricted Stock Units (RSUs) [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 707 | 1,500 | 13,758 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 3 years | 3 years | ||
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Tranche One [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 2 years | |||
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Tranche Two [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 4 years | |||
The 2014 Long-term Incentive Plan [Member] | ||||
Common Stock, Shares Authorized (in shares) | 800,000 | |||
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] | A 7 Year Vesting Stock Appreciation Rights [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 54,947 | |||
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 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 7 years | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year) | 10 years | |||
The 2014 Long-term Incentive Plan [Member] | A 7 Year Vesting Stock Appreciation Rights [Member] | Vesting Per Year [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage | 14.30% | |||
The 2014 Long-term Incentive Plan [Member] | A 5 Year Vesting Stock Appreciation Rights [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 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) | $ 8.40 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) | 5 years | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year) | 10 years | |||
The 2014 Long-term Incentive Plan [Member] | A 5 Year Vesting Stock Appreciation Rights [Member] | Vesting Per Year [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage | 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 | |||
Supplemental Employee Retirement Plan [Member] | ||||
Liability, Defined Benefit Pension Plan | $ 11,300,000 | $ 10,300,000 | ||
Supplemental Employee Retirement Plan Expense | $ 1,200,000 | $ 967,000 | $ 787,000 |
Note 16 - Employee Benefits - E
Note 16 - Employee Benefits - ESOP Shares (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Allocated shares (in shares) | 528,628 | 504,154 |
Shares committed to be released (in shares) | 20,702 | 23,002 |
Employee Stock Ownership Plan (ESOP). number of suspense shares (in shares) | 0 | 20,702 |
Total ESOP shares (in shares) | 549,330 | 547,858 |
Market value of unallocated shares (in thousands) | $ 0 | $ 568 |
Note 16 - Employee Benefits - V
Note 16 - Employee Benefits - Valuation Assumptions (Details) | 12 Months Ended |
Dec. 31, 2021 | |
A 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 |
A 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 16 - Employee Benefits - S
Note 16 - Employee Benefits - Summary of Activity In Stock Option Plans (Details) - Employee Stock Option and Stock Appreciation Rights [Member] - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Outstanding, shares (in shares) | 491,792 | 329,203 | 330,703 |
Outstanding, Weighted- Average Exercise Price (in dollars per share) | $ 21.32 | $ 20.47 | $ 20.44 |
Granted, shares (in shares) | 0 | 177,489 | 0 |
Granted, Weighted- Average Exercise Price (in dollars per share) | $ 0 | $ 21.85 | $ 0 |
Exercised, shares (in shares) | (18,580) | (14,900) | (1,400) |
Exercised, Weighted- Average Exercise Price (in dollars per share) | $ 20.21 | $ 8.92 | $ 12.01 |
Forfeited, shares (in shares) | 0 | 0 | 0 |
Forfeited, Weighted- Average Exercise Price (in dollars per share) | $ 0 | $ 0 | $ 0 |
Expired, shares (in shares) | 0 | 0 | (100) |
Expired, Weighted- Average Exercise Price (in dollars per share) | $ 0 | $ 0 | $ 18.26 |
Outstanding, shares (in shares) | 473,212 | 491,792 | 329,203 |
Outstanding, Aggregate Intrinsic Value | $ 1,760 | ||
Outstanding, Remaining Contractual Term (Year) | 5 years 11 months 23 days | ||
Outstanding, Weighted- Average Exercise Price (in dollars per share) | $ 21.36 | $ 21.32 | $ 20.47 |
Exercisable, shares (in shares) | 259,037 | 204,116 | 177,875 |
Exercisable, Aggregate Intrinsic Value | $ 1,262 | $ 1,683 | $ 1,118 |
Exercisable, Remaining Contractual Term (Year) | 4 years 6 months 25 days | 4 years 9 months 21 days | 5 years 3 months 7 days |
Exercisable, Weighted- Average Exercise Price (in dollars per share) | $ 20.33 | $ 19.20 | $ 17.07 |
Note 16 - Employee Benefits -_2
Note 16 - Employee Benefits - Schedule of RSUs (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Nonvested, RSUs shares, beginning of period (in shares) | 13,015 | 15,686 | 2,892 |
Nonvested, RSUs Weighted, beginning of period Average Grant Date Fair Value, beginning of period (in dollars per share) | $ 21.24 | $ 20.40 | $ 25.93 |
Granted, RSUs shares (in shares) | 707 | 1,500 | 13,758 |
Granted, RSUs Weighted Average Grant Date Fair Value (in dollars per share) | $ 28.28 | $ 27.63 | $ 19.63 |
Forfeited, RSUs shares (in shares) | (313) | 0 | 0 |
Forfeited, RSUs Weighted Average Grant Date Fair Value (in dollars per share) | $ 26.63 | $ 0 | $ 0 |
Vested, RSUs shares (in shares) | (6,205) | (4,171) | (964) |
Vested, RSUs Weighted Average Grant Date Fair Value (in dollars per share) | $ 22.65 | $ 20.38 | $ 25.93 |
Nonvested, RSUs shares, end of period (in shares) | 7,204 | 13,015 | 15,686 |
Nonvested, RSUs Weighted Average Grant Date Fair Value, end of period (in dollars per share) | $ 20.49 | $ 21.24 | $ 20.40 |
Note 17 - Commitments and Con_3
Note 17 - Commitments and Contingencies (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Provision for Credit Losses on Unfunded Commitments | $ (328,000) | $ 3,090,000 |
Off-Balance-Sheet, Credit Loss, Liability, Ending Balance | $ 6,950,000 | $ 7,280,000 |
Note 17 - Commitments and Con_4
Note 17 - Commitments and Contingencies - Summary of the Total Unfunded, or Off-balance Sheet, Credit Extension Commitments (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Total Unfunded Commitments | $ 925,657 | $ 711,352 |
Commitments to Extend Credit [Member] | Revolving Home Equity And Credit Card Lines Member [Member] | ||
Total Unfunded Commitments | 104,475 | 97,540 |
Commitments to Extend Credit [Member] | Construction Loans [Member] | ||
Total Unfunded Commitments | 271,062 | 265,056 |
Commitments to Extend Credit [Member] | Other Loans [Member] | ||
Total Unfunded Commitments | 493,592 | 325,897 |
Standby Letters of Credit [Member] | ||
Total Unfunded Commitments | $ 56,528 | $ 22,859 |
Note 18 - Preferred Stock (Deta
Note 18 - Preferred Stock (Details Textual) - USD ($) $ / shares in Units, $ in Millions | 1 Months Ended | ||
Apr. 30, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
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% |
Note 19 - Regulatory Matters (D
Note 19 - Regulatory Matters (Details Textual) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Amount Available for Dividend Distribution without Affecting Capital Adequacy Requirements | $ 80,400 | |
Required Reserve Balance with Federal Reserve Bank | $ 0 | $ 0 |
Note 19 - Regulatory Matters -
Note 19 - Regulatory Matters - Summary of Actual Capital Amounts And Ratios (Details) $ in Thousands | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) |
Summit [Member] | ||
CET1 (to risk weighted assets), amount | $ 299,993 | $ 257,122 |
CET1 (to risk weighted assets), Actual Ratio | 0.086 | 0.084 |
CET1 (to risk weighted assets), Minimum Required Capital, Amount | $ 245,141 | $ 214,268 |
CET1 (to risk weighted assets), Minimum Required Capital, Ratio | 0.070 | 0.070 |
Tier I Capital (to risk weighted assets), amount | $ 333,913 | $ 291,042 |
Tier I Capital (to risk weighted assets), Actual Ratio | 0.095 | 0.095 |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 297,672 | $ 260,406 |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Ratio | 0.085 | 0.085 |
Total Capital (to risk weighted assets), amount | $ 472,955 | $ 420,045 |
Total Capital (to risk weighted assets), Actual Ratio | 0.135 | 0.138 |
Total Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 367,712 | $ 319,599 |
Total Capital (to risk weighted assets), Minimum Required Capital, Ratio | 0.105 | 0.105 |
Tier I Capital (to average assets), amount | $ 333,913 | $ 291,042 |
Tier I Capital (to average assets), Actual Amount | 0.085 | 0.083 |
Tier I Capital (to average assets), Minimum Required Capital, Amount | $ 156,852 | $ 140,261 |
Tier I Capital (to average assets), Minimum Required Capital, Ratio | 0.040 | 0.040 |
Summit Community [Member] | ||
CET1 (to risk weighted assets), amount | $ 405,430 | $ 364,125 |
CET1 (to risk weighted assets), Actual Ratio | 0.116 | 0.119 |
CET1 (to risk weighted assets), Minimum Required Capital, Amount | $ 244,502 | $ 214,191 |
CET1 (to risk weighted assets), Minimum Required Capital, Ratio | 0.070 | 0.070 |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 227,038 | $ 198,892 |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 0.065 | 0.065 |
Tier I Capital (to risk weighted assets), amount | $ 405,430 | $ 364,125 |
Tier I Capital (to risk weighted assets), Actual Ratio | 0.116 | 0.119 |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 296,896 | $ 260,089 |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Ratio | 0.085 | 0.085 |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 279,431 | $ 244,790 |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 0.080 | 0.080 |
Total Capital (to risk weighted assets), amount | $ 441,177 | $ 390,236 |
Total Capital (to risk weighted assets), Actual Ratio | 0.126 | 0.128 |
Total Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 366,754 | $ 320,115 |
Total Capital (to risk weighted assets), Minimum Required Capital, Ratio | 0.105 | 0.105 |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 349,289 | $ 304,872 |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 0.100 | 0.100 |
Tier I Capital (to average assets), amount | $ 405,430 | $ 364,125 |
Tier I Capital (to average assets), Actual Amount | 0.104 | 0.104 |
Tier I Capital (to average assets), Minimum Required Capital, Amount | $ 156,338 | $ 140,048 |
Tier I Capital (to average assets), Minimum Required Capital, Ratio | 0.040 | 0.040 |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Amount | $ 195,422 | $ 175,060 |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Ratio | 0.050 | 0.050 |
Note 20 - Earnings Per Share (D
Note 20 - Earnings Per Share (Details Textual) - shares | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Stock Appreciation Rights (SARs) [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 224,424 | 400,229 | 222,740 |
Share-Based Payment Arrangement, Option [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 200 |
Note 20 - Earnings Per Share -
Note 20 - Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net income | $ 53,216 | $ 45,738 | $ 31,326 |
Less preferred stock dividends | (900) | (589) | 0 |
Basic EPS, Income (Numerator) | $ 52,316 | $ 45,149 | $ 31,326 |
Basic EPS, Common shares (denominator) (in shares) | 12,760,649 | 12,943,883 | 12,935,430 |
Basic earnings per common share (in dollars per share) | $ 4.10 | $ 3.49 | $ 2.42 |
Stock options, Common shares (denominator) (in shares) | 0 | 44 | 4,320 |
Diluted EPS, Income (Numerator) | $ 52,316 | $ 45,149 | $ 31,326 |
Diluted EPS (in shares) | 12,821,533 | 13,003,428 | 12,975,385 |
Diluted earnings per common share (in dollars per share) | $ 4.08 | $ 3.47 | $ 2.41 |
Stock Appreciation Rights [Member] | |||
Incremental Common Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements (in shares) | 56,616 | 53,964 | 34,785 |
Restricted Stock Units [Member] | |||
Incremental Common Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements (in shares) | 4,268 | 5,537 | 850 |
Note 21 - Accumulated Other C_3
Note 21 - Accumulated Other Comprehensive (Loss) Income - Other Comprehensive (loss) Income by Component (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Balance | $ 327,473 | $ 281,580 | $ 247,764 |
Balance | 354,530 | 327,473 | 281,580 |
Accumulated Pension Plan Adjustment Net Unamortized Gain (Loss) [Member] | |||
Balance | 30 | (199) | (140) |
Other comprehensive income (loss) before reclassification, net of tax | (53) | 229 | (59) |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 0 | 0 | 0 |
Net current period other comprehensive income (loss) | (53) | 229 | (59) |
Balance | (23) | 30 | (199) |
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] | |||
Balance | 9 | (40) | 48 |
Other comprehensive income (loss) before reclassification, net of tax | 163 | 49 | (88) |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 0 | 0 | 0 |
Net current period other comprehensive income (loss) | 163 | 49 | (88) |
Balance | 172 | 9 | (40) |
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] | |||
Balance | 3,993 | (1,132) | (518) |
Other comprehensive income (loss) before reclassification, net of tax | 16,874 | 5,125 | (614) |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 0 | 0 | 0 |
Net current period other comprehensive income (loss) | 16,874 | 5,125 | (614) |
Balance | 20,867 | 3,993 | (1,132) |
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member] | |||
Balance | 1,868 | 6,816 | 3,145 |
Other comprehensive income (loss) before reclassification, net of tax | (40,307) | (4,625) | 6,310 |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 538 | (323) | (2,639) |
Net current period other comprehensive income (loss) | (39,769) | (4,948) | 3,671 |
Balance | (37,901) | 1,868 | 6,816 |
AOCI Accumulated Gain (Loss) Securities Fair Value Hedge Parent [Member] | |||
Balance | (418) | 0 | |
Other comprehensive income (loss) before reclassification, net of tax | 5,824 | (418) | |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 0 | 0 | |
Net current period other comprehensive income (loss) | 5,824 | (418) | |
Balance | 5,406 | (418) | 0 |
AOCI Attributable to Parent [Member] | |||
Balance | 5,482 | 5,445 | 2,535 |
Other comprehensive income (loss) before reclassification, net of tax | (17,499) | 360 | 5,549 |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 538 | (323) | (2,639) |
Net current period other comprehensive income (loss) | (16,961) | 37 | 2,910 |
Balance | $ (11,479) | $ 5,482 | $ 5,445 |
Note 22 - Revenue From Contra_3
Note 22 - Revenue From Contracts With Customers (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Gains (Losses) on Sales of Other Real Estate | $ 64,000 | $ (7,000) | $ (323,000) |
Note 22 - Revenue from Contra_4
Note 22 - Revenue from Contracts with Customers - Schedule of Revenue Recognition (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenue from contracts with customers | $ 15,905 | $ 14,440 | $ 12,144 |
Non-interest income within the scope of other ASC topics | 2,248 | 5,768 | 7,939 |
Total noninterest income | 18,153 | 20,208 | 20,083 |
Deposit Account [Member] | |||
Revenue from contracts with customers | 6,150 | 5,032 | 4,588 |
Credit and Debit Card [Member] | |||
Revenue from contracts with customers | 6,261 | 5,896 | 4,494 |
Fiduciary and Trust [Member] | |||
Revenue from contracts with customers | 2,978 | 2,886 | 2,495 |
Product and Service, Other [Member] | |||
Revenue from contracts with customers | $ 516 | $ 626 | $ 567 |
Note 23 - Condensed Financial_3
Note 23 - Condensed Financial Statements of Parent Company - Parent Company Balance Sheets (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Equity investments (at fair value) | $ 29,494 | $ 20,609 | ||
Other investments | 16,029 | 10,897 | ||
Premises and equipment, net | 53,981 | 56,371 | ||
Other assets | 31,959 | 26,075 | ||
Total assets | 3,916,692 | 3,576,719 | ||
Subordinated debentures, net | 103,296 | 102,891 | ||
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | ||
Other liabilities | 42,741 | 42,852 | ||
Total liabilities | 3,562,162 | 3,249,246 | ||
Preferred stock, $1.00 par value, authorized 250,000 shares; issued: 2022 and 2021 - 1,500 shares | 14,920 | 14,920 | ||
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2022 - 12,783,646 shares, 2021 - 12,763,827 shares; outstanding: 2022 - 12,783,646 shares, 2021 - 12,743,125 shares | 90,696 | 89,525 | ||
Unallocated common stock held by Employee Stock Ownership Plan - 2021 - 20,702 shares | 0 | (224) | ||
Retained earnings | 260,393 | 217,770 | ||
Accumulated other comprehensive (loss) income | (11,479) | 5,482 | ||
Total shareholders' equity | 354,530 | 327,473 | $ 281,580 | $ 247,764 |
Total liabilities and shareholders' equity | 3,916,692 | 3,576,719 | ||
Parent Company [Member] | ||||
Cash | 11,043 | 14,279 | ||
Investment in subsidiaries | 445,048 | 419,557 | ||
Equity investments (at fair value) | 25,858 | 20,209 | ||
Other investments | 0 | 0 | ||
Premises and equipment, net | 92 | 129 | ||
Other assets | 1,802 | 1,971 | ||
Total assets | 483,843 | 456,145 | ||
Subordinated debentures, net | 103,296 | 102,891 | ||
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | ||
Other liabilities | 6,428 | 6,192 | ||
Total liabilities | 129,313 | 128,672 | ||
Preferred stock, $1.00 par value, authorized 250,000 shares; issued: 2022 and 2021 - 1,500 shares | 14,920 | 14,920 | ||
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued: 2022 - 12,783,646 shares, 2021 - 12,763,827 shares; outstanding: 2022 - 12,783,646 shares, 2021 - 12,743,125 shares | 90,696 | 89,525 | ||
Unallocated common stock held by Employee Stock Ownership Plan - 2021 - 20,702 shares | 0 | (224) | ||
Retained earnings | 260,393 | 217,770 | ||
Accumulated other comprehensive (loss) income | (11,479) | 5,482 | ||
Total shareholders' equity | 354,530 | 327,473 | ||
Total liabilities and shareholders' equity | $ 483,843 | $ 456,145 |
Note 23 - Condensed Financial_4
Note 23 - Condensed Financial Statements of Parent Company - Parent Company Balance Sheets (Details) (Parentheticals) - $ / shares | Dec. 31, 2022 | Dec. 31, 2021 | Apr. 30, 2021 |
Preferred stock, par or stated value per share (in dollars per share) | $ 1 | $ 1 | $ 1 |
Preferred stock, shares authorized (in shares) | 250,000 | 250,000 | |
Preferred stock, shares issued (in shares) | 1,500 | 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) | 12,783,646 | 12,763,827 | |
Common stock, shares outstanding (in shares) | 12,783,646 | 12,743,125 | |
Employee Stock Ownership Plan (ESOP). number of suspense shares (in shares) | 0 | 20,702 | |
Parent Company [Member] | |||
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) | 12,783,646 | 12,763,827 | |
Common stock, shares outstanding (in shares) | 12,783,646 | 12,743,125 | |
Employee Stock Ownership Plan (ESOP). number of suspense shares (in shares) | 20,702 |
Note 23 - Condensed Financial_5
Note 23 - Condensed Financial Statements of Parent Company - Parent Company Statements of Income (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net gains on equity investments | $ 265 | $ 202 | $ 0 |
Interest expense | 29,761 | 12,483 | 19,521 |
Income tax expense | 14,094 | 11,663 | 7,428 |
Preferred stock dividends | 900 | 589 | 0 |
Net income applicable to common shares | 52,316 | 45,149 | 31,326 |
Parent Company [Member] | |||
Dividends from subsidiaries | 15,800 | 12,100 | 10,000 |
Other dividends and interest income | 26 | 16 | 33 |
Net gains on equity investments | 265 | 202 | 0 |
Management and service fees from subsidiaries | 2,088 | 1,920 | 1,856 |
Total income | 18,179 | 14,238 | 11,889 |
Interest expense | 5,256 | 2,497 | 1,109 |
Operating expenses | 3,283 | 3,736 | 3,306 |
Total expenses | 8,539 | 6,233 | 4,415 |
Income before income taxes and equity in undistributed income of subsidiaries | 9,640 | 8,005 | 7,474 |
Income tax expense | (1,251) | (830) | (519) |
Income before equity in undistributed income of subsidiaries | 10,891 | 8,835 | 7,993 |
Equity in undistributed income of subsidiaries | 42,325 | 36,903 | 23,333 |
Net income | 53,216 | 45,738 | 31,326 |
Preferred stock dividends | 900 | 589 | 0 |
Net income applicable to common shares | $ 52,316 | $ 45,149 | $ 31,326 |
Note 23 - Condensed Financial_6
Note 23 - Condensed Financial Statements of Parent Company - Parent Company Statements of Cash Flows (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Deferred income tax expense (benefit) | $ 218 | $ 264 | $ (4,201) |
Depreciation | 3,608 | 3,587 | 3,223 |
Gains on equity investments | (265) | (202) | 0 |
Share-based compensation expense | 624 | 646 | 527 |
Earnings on bank owned life insurance and annuities | (993) | (1,140) | (1,716) |
Decrease in other assets | 434 | 139 | 314 |
Increase in other liabilities | 3,264 | 269 | 1,738 |
Net cash provided by operating activities | 67,944 | 61,846 | 44,681 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Purchase of equity investments | (8,619) | (20,000) | 0 |
Purchases of premises and equipment | (1,346) | (4,537) | (8,637) |
Proceeds from disposal of premises and equipment | 85 | 558 | 293 |
Net cash used in investing activities | (404,828) | (341,747) | (152,463) |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Dividends paid on preferred stock | (900) | (589) | 0 |
Dividends paid on common stock | (9,693) | (9,022) | (8,786) |
Exercise of stock options | 0 | 16 | 0 |
Proceeds from subordinated debt | 0 | 75,000 | 30,000 |
Purchase and retirement of common stock | 0 | (6,710) | (1,444) |
Proceeds from issuance of preferred stock, net of issuance costs | 0 | 14,920 | 0 |
Proceeds from issuance of common stock, net of issuance costs | 203 | 294 | 178 |
Net cash provided by financing activities | 303,143 | 258,572 | 145,681 |
(Decrease) increase in cash and cash equivalents | (33,741) | (21,329) | 37,899 |
Beginning | 78,458 | ||
Ending | 44,717 | 78,458 | |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
Interest | 27,034 | 12,425 | 19,975 |
Parent Company [Member] | |||
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Net income | 53,216 | 45,738 | 31,326 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Equity in undistributed net income of subsidiaries | (42,325) | (36,903) | (23,333) |
Deferred income tax expense (benefit) | (14) | (164) | (141) |
Depreciation | 37 | 46 | 57 |
Gains on equity investments | (265) | (202) | 0 |
Share-based compensation expense | 231 | 244 | 211 |
Earnings on bank owned life insurance and annuities | 17 | 4 | 1 |
Decrease in other assets | 432 | 163 | (285) |
Increase in other liabilities | 1,209 | 584 | 977 |
Net cash provided by operating activities | 12,538 | 9,510 | 8,813 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Purchase of equity investments | (5,384) | (20,000) | 0 |
Investment in bank subsidiary | 0 | (55,000) | (25,000) |
Purchases of premises and equipment | 0 | (124) | (9) |
Proceeds from disposal of premises and equipment | 0 | 47 | 0 |
Net cash used in investing activities | (5,384) | (75,077) | (25,009) |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Dividends paid on preferred stock | (900) | (589) | 0 |
Dividends paid on common stock | (9,693) | (9,022) | (8,786) |
Exercise of stock options | 0 | 16 | 0 |
Proceeds from subordinated debt | 0 | 75,000 | 30,000 |
Purchase and retirement of common stock | 0 | (6,710) | (1,444) |
Proceeds from issuance of preferred stock, net of issuance costs | 0 | 14,920 | 0 |
Proceeds from issuance of common stock, net of issuance costs | 203 | 294 | 178 |
Net cash provided by financing activities | (10,390) | 73,909 | 19,948 |
(Decrease) increase in cash and cash equivalents | (3,236) | 8,342 | 3,752 |
Beginning | 14,279 | 5,937 | 2,185 |
Ending | 11,043 | 14,279 | 5,937 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
Interest | $ 4,786 | $ 2,195 | $ 1,145 |