Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2023 | Nov. 03, 2023 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0000811808 | |
Entity Registrant Name | SUMMIT FINANCIAL GROUP, INC. | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2023 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2023 | |
Document Transition Report | false | |
Entity File Number | 0-16587 | |
Entity Incorporation, State or Country Code | WV | |
Entity Tax Identification Number | 55-0672148 | |
Entity Address, Address Line One | 300 North Main Street | |
Entity Address, City or Town | Moorefield | |
Entity Address, State or Province | WV | |
Entity Address, Postal Zip Code | 26836 | |
City Area Code | 304 | |
Local Phone Number | 530-1000 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Title of 12(b) Security | Common Stock, Par Value $2.50 per share | |
Trading Symbol | SMMF | |
Security Exchange Name | NASDAQ | |
Entity Common Stock, Shares Outstanding | 14,674,852 |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | |
ASSETS | |||
Cash and due from banks | $ 23,159 | $ 16,469 | [1] |
Interest bearing deposits with other banks | 36,398 | 28,248 | [1] |
Cash and cash equivalents | 59,557 | 44,717 | [1] |
Debt securities available for sale (at fair value) | 511,403 | 405,201 | [1] |
Debt securities held to maturity (at amortized cost; estimated fair value - $82,448 - 2023, $86,627 - 2022) | 94,715 | 96,163 | [1] |
Less: allowance for credit losses | 0 | 0 | [1] |
Debt securities held to maturity, net | 94,715 | 96,163 | [1] |
Equity investments (at fair value) | 31,241 | 29,494 | [1] |
Other investments | 19,579 | 16,029 | [1] |
Loans held for sale | 209 | 0 | |
Loans, net of unearned fees | 3,598,919 | 3,082,818 | [1] |
Less: allowance for credit losses | (47,233) | (38,899) | [1] |
Loans, net | 3,551,686 | 3,043,919 | [1] |
Property held for sale | 4,505 | 5,067 | [1] |
Premises and equipment, net | 62,721 | 53,981 | [1] |
Accrued interest and fees receivable | 19,789 | 15,866 | [1] |
Goodwill and other intangible assets, net | 75,425 | 62,150 | [1] |
Cash surrender value of life insurance policies and annuities | 85,076 | 71,640 | [1] |
Derivative financial instruments | 44,527 | 40,506 | [1] |
Other assets | 43,775 | 31,959 | [1] |
Total assets | 4,604,208 | 3,916,692 | [1] |
Deposits | |||
Non-interest bearing | 630,055 | 553,616 | [1] |
Interest bearing | 3,124,440 | 2,616,263 | [1] |
Total deposits | 3,754,495 | 3,169,879 | [1] |
Short-term borrowings | 258,054 | 225,999 | [1] |
Long-term borrowings | 642 | 658 | [1] |
Subordinated debentures, net | 103,661 | 103,296 | [1] |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | [1] |
Other liabilities | 51,315 | 42,741 | [1] |
Total liabilities | 4,187,756 | 3,562,162 | [1] |
Commitments and Contingencies | |||
Shareholders' Equity | |||
Preferred stock and related surplus, $1.00 par value, authorized 250,000 shares; issued: 2023 and 2022 - 1,500 shares | 14,920 | 14,920 | [1] |
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued and outstanding: 2023 - 14,674,852 shares and 2022 - 12,783,646 shares | 130,508 | 90,696 | |
Retained earnings | 289,641 | 260,393 | [1] |
Accumulated other comprehensive loss | (18,617) | (11,479) | [1] |
Total shareholders' equity | 416,452 | 354,530 | [1] |
Total liabilities and shareholders' equity | $ 4,604,208 | $ 3,916,692 | [1] |
[1]Derived from audited consolidated financial statements |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | |
Debt Securities, Held-to-maturity, Fair Value | $ 82,448 | $ 86,627 | [1] |
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) | $ 2.5 | $ 2.5 | |
Common stock, shares authorized (in shares) | 20,000,000 | 20,000,000 | |
Common stock, shares issued (in shares) | 14,674,852 | 12,783,646 | |
Common stock, shares outstanding (in shares) | 14,674,852 | 12,783,646 | |
[1]Derived from audited consolidated financial statements |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Loans, including fees | ||||
Taxable, Loans, including fees | $ 58,019,000 | $ 38,741,000 | $ 157,813,000 | $ 101,640,000 |
Tax-exempt, Loans, including fees | 83,000 | 43,000 | 186,000 | 134,000 |
Securities | ||||
Taxable, Securities | 4,971,000 | 2,273,000 | 13,283,000 | 5,694,000 |
Tax-exempt, Securities | 1,386,000 | 1,224,000 | 4,140,000 | 3,177,000 |
Interest on interest bearing deposits with other banks | 235,000 | 170,000 | 610,000 | 262,000 |
Total interest income | 64,694,000 | 42,451,000 | 176,032,000 | 110,907,000 |
Interest expense | ||||
Deposits | 19,924,000 | 6,140,000 | 51,775,000 | 10,489,000 |
Short-term borrowings | 1,988,000 | 850,000 | 4,024,000 | 1,918,000 |
Long-term borrowings and subordinated debentures | 1,509,000 | 1,348,000 | 4,457,000 | 3,867,000 |
Total interest expense | 23,421,000 | 8,338,000 | 60,256,000 | 16,274,000 |
Net interest income | 41,273,000 | 34,113,000 | 115,776,000 | 94,633,000 |
Provision for credit losses | 1,250,000 | 1,500,000 | 10,750,000 | 5,450,000 |
Net interest income after provision for credit losses | 40,023,000 | 32,613,000 | 105,026,000 | 89,183,000 |
Noninterest income | ||||
Revenue from contracts with customers | 4,652,000 | 4,079,000 | 13,405,000 | 11,949,000 |
Mortgage origination revenue | 172,000 | 538,000 | 513,000 | 1,194,000 |
Net realized losses on available for sale debt securities | (12,000) | (242,000) | (282,000) | (684,000) |
Net gains (losses) on equity investments | 180,000 | 283,000 | 375,000 | (14,000) |
Bank owned life insurance and annuities income | 311,000 | 229,000 | 1,078,000 | 843,000 |
Other | 113,000 | 165,000 | 334,000 | 348,000 |
Total noninterest income | 5,265,000 | 4,887,000 | 15,074,000 | 13,288,000 |
Noninterest expenses | ||||
Salaries, commissions and employee benefits | 11,959,000 | 10,189,000 | 34,922,000 | 29,920,000 |
Net occupancy expense | 1,436,000 | 1,301,000 | 4,297,000 | 3,801,000 |
Equipment expense | 2,361,000 | 1,851,000 | 6,752,000 | 5,484,000 |
Professional fees | 400,000 | 372,000 | 1,246,000 | 1,242,000 |
Advertising and public relations | 247,000 | 276,000 | 681,000 | 613,000 |
Amortization of intangibles | 998,000 | 354,000 | 2,340,000 | 1,088,000 |
FDIC premiums | 716,000 | 292,000 | 1,788,000 | 872,000 |
Bank card expense | 972,000 | 726,000 | 2,620,000 | 2,249,000 |
Foreclosed properties expense, net of losses/(gains) | 10,000 | 26,000 | 73,000 | 77,000 |
Acquisition-related expenses | 1,110,000 | 0 | 5,604,000 | 33,000 |
Other | 3,953,000 | 3,834,000 | 10,563,000 | 8,651,000 |
Total noninterest expenses | 24,162,000 | 19,221,000 | 70,886,000 | 54,030,000 |
Income before income tax expense | 21,126,000 | 18,279,000 | 49,214,000 | 48,441,000 |
Income tax expense | 4,794,000 | 3,856,000 | 10,572,000 | 10,311,000 |
Net income | 16,332,000 | 14,423,000 | 38,642,000 | 38,130,000 |
Preferred stock dividends | 225,000 | 225,000 | 675,000 | 675,000 |
Net income applicable to common shares | $ 16,107,000 | $ 14,198,000 | $ 37,967,000 | $ 37,455,000 |
Basic earnings per common share (in dollars per share) | $ 1.1 | $ 1.11 | $ 2.7 | $ 2.94 |
Diluted earnings per common share (in dollars per share) | $ 1.09 | $ 1.11 | $ 2.69 | $ 2.92 |
Fiduciary and Trust [Member] | ||||
Noninterest income | ||||
Revenue from contracts with customers | $ 819,000 | $ 725,000 | $ 2,484,000 | $ 2,228,000 |
Deposit Account [Member] | ||||
Noninterest income | ||||
Revenue from contracts with customers | 1,775,000 | 1,550,000 | 5,110,000 | 4,625,000 |
Credit and Debit Card [Member] | ||||
Noninterest income | ||||
Revenue from contracts with customers | $ 1,907,000 | $ 1,639,000 | $ 5,462,000 | $ 4,748,000 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Net income | $ 16,332 | $ 14,423 | $ 38,642 | $ 38,130 |
Other comprehensive (loss) income: | ||||
Net unrealized (loss) gain on cashflow net of deferred taxes | 1,582 | 5,706 | 1,043 | 17,598 |
Net unrealized (loss) gain on fair value hedge of debt securities available for sale net of deferred taxes | 2,095 | 2,251 | 2,522 | 6,187 |
Net unrealized loss on debt securities available for sale, net of deferred taxes and reclassification adjustment for net realized losses included in net income | (13,559) | (12,158) | (10,703) | (40,942) |
Total other comprehensive loss | (9,882) | (4,201) | (7,138) | (17,157) |
Total comprehensive income | 6,450 | 10,222 | 31,504 | 20,973 |
Net income | $ 16,332 | $ 14,423 | $ 38,642 | $ 38,130 |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Net unrealized gain (loss) on cashflow hedge | $ 2,082 | $ 7,508 | $ 1,372 | $ 23,155 |
Net unrealized gain (loss) on cashflow hedge, deferred tax | (500) | (1,802) | (329) | (5,557) |
Net unrealized gain (loss) on securities fair value hedge | 2,757 | 2,962 | 3,318 | 8,141 |
Net unrealized gain (loss) on securities fair value hedge, deferred tax | (662) | (711) | (796) | (1,954) |
OCI, Debt securities, available-for-sale, unealized holding gain (loss), before adjustment and tax | (17,841) | (15,997) | (14,083) | (53,871) |
OCI, Debt securities, available-for-sale, unealized holding gain (loss), before adjustment, tax | 4,282 | 3,839 | 3,380 | 12,929 |
Other comprehensive income (loss), reclassification adjustment from AOCI for sale of securities, before tax | (12) | (242) | (282) | (684) |
Other comprehensive income (loss), reclassification adjustment from AOCI for sale of securities, tax | $ 3 | $ 58 | $ 68 | $ 164 |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity (Unaudited) - 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, 2021 | $ 14,920 | $ 89,525 | $ (224) | $ 217,770 | $ 5,482 | $ 327,473 | |
Net income | 0 | 0 | 0 | 38,130 | 0 | 38,130 | |
Other comprehensive loss | 0 | 0 | 0 | 0 | (17,157) | (17,157) | |
Share-based compensation expense | 0 | 469 | 0 | 0 | 0 | 469 | |
Common stock issuances from reinvested dividends | 0 | 150 | 0 | 0 | 0 | 150 | |
Preferred stock cash dividends declared | 0 | 0 | 0 | (675) | 0 | (675) | |
Common stock cash dividends declared | 0 | 0 | 0 | (7,141) | 0 | (7,141) | |
Exercise of Stock award | 0 | 0 | 0 | 0 | 0 | 0 | |
Unallocated ESOP shares committed to be released | 0 | 257 | 168 | 0 | 0 | 425 | |
Vesting of RSUs | 0 | 0 | 0 | 0 | 0 | 0 | |
Balance at Sep. 30, 2022 | 14,920 | 90,401 | (56) | 248,084 | (11,675) | 341,674 | |
Balance at Jun. 30, 2022 | 14,920 | 90,119 | (112) | 236,438 | (7,474) | 333,891 | |
Net income | 0 | 0 | 0 | 14,423 | 0 | 14,423 | |
Other comprehensive loss | 0 | 0 | 0 | 0 | (4,201) | (4,201) | |
Share-based compensation expense | 0 | 145 | 0 | 0 | 0 | 145 | |
Common stock issuances from reinvested dividends | 0 | 45 | 0 | 0 | 0 | 45 | |
Preferred stock cash dividends declared | 0 | 0 | 0 | (225) | 0 | (225) | |
Common stock cash dividends declared | 0 | 0 | 0 | (2,552) | 0 | (2,552) | |
Exercise of Stock award | 0 | 0 | 0 | 0 | 0 | 0 | |
Unallocated ESOP shares committed to be released | 0 | 92 | 56 | 0 | 0 | 148 | |
Balance at Sep. 30, 2022 | 14,920 | 90,401 | (56) | 248,084 | (11,675) | 341,674 | |
Balance at Dec. 31, 2022 | 14,920 | 90,696 | 0 | 260,393 | (11,479) | 354,530 | [1] |
Net income | 0 | 0 | 0 | 38,642 | 0 | 38,642 | |
Other comprehensive loss | 0 | 0 | 0 | 0 | (7,138) | (7,138) | |
Share-based compensation expense | 0 | 634 | 0 | 0 | 0 | 634 | |
Common stock issuances from reinvested dividends | 0 | 158 | 0 | 0 | 0 | 158 | |
Preferred stock cash dividends declared | 0 | 0 | 0 | (675) | 0 | (675) | |
Common stock cash dividends declared | 0 | 0 | 0 | (8,719) | 0 | (8,719) | |
Exercise of Stock award | 0 | 0 | 0 | 0 | 0 | 0 | |
Vesting of RSUs | 0 | 0 | 0 | 0 | 0 | 0 | |
Acquisition of PSB Holding Corp. issuance of 1,880,732 shares, net of issuance costs | 0 | 39,020 | 0 | 0 | 0 | 39,020 | |
Balance at Sep. 30, 2023 | 14,920 | 130,508 | 0 | 289,641 | (18,617) | 416,452 | |
Balance at Jun. 30, 2023 | 14,920 | 130,227 | 0 | 276,762 | (8,735) | 413,174 | |
Net income | 0 | 0 | 0 | 16,332 | 0 | 16,332 | |
Other comprehensive loss | 0 | 0 | 0 | 0 | (9,882) | (9,882) | |
Share-based compensation expense | 0 | 220 | 0 | 0 | 0 | 220 | |
Common stock issuances from reinvested dividends | 0 | 61 | 0 | 0 | 0 | 61 | |
Preferred stock cash dividends declared | 0 | 0 | 0 | (225) | 0 | (225) | |
Common stock cash dividends declared | 0 | 0 | 0 | (3,228) | 0 | (3,228) | |
Balance at Sep. 30, 2023 | $ 14,920 | $ 130,508 | $ 0 | $ 289,641 | $ (18,617) | $ 416,452 | |
[1]Derived from audited consolidated financial statements |
Consolidated Statements of Sh_2
Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Stock Appreciation Rights (SARs) [Member] | ||||
Exercise of Stock award, share (in shares) | 4,428 | 522 | 5,107 | |
Restricted Stock Units (RSUs) [Member] | ||||
Vested RSU shares (in shares) | 2,749 | 5,246 | ||
Common stock issuances from reinvested dividends, number of shares (in shares) | 2,705 | 1,619 | 7,203 | 5,640 |
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ 0.22 | $ 0.2 | $ 0.62 | $ 0.56 |
Stock Issued During Period, Shares, Employee Stock Ownership Plan (in shares) | 5,176 | 15,527 | ||
Shares issued for acquisition (in shares) | 1,880,732 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Cash Flows from Operating Activities | ||
Net income | $ 38,642,000 | $ 38,130,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation | 2,821,000 | 2,727,000 |
Provision for credit losses | 10,750,000 | 5,450,000 |
Share-based compensation expense | 634,000 | 469,000 |
Deferred income tax (benefit) expense | (118,000) | 487,000 |
Loans originated for sale | (3,828,000) | (18,857,000) |
Proceeds from sale of loans | 3,678,000 | 19,048,000 |
Gains on loans held for sale | (59,000) | (326,000) |
Realized losses on debt securities, net | 282,000 | 684,000 |
(Gain) loss on equity investments | (375,000) | 14,000 |
(Gain) loss on disposal of assets | (74,000) | 7,000 |
Write-downs of foreclosed properties | 132,000 | 42,000 |
Amortization of securities premiums, net | 1,016,000 | 3,626,000 |
Accretion related to acquisition adjustments, net | (2,868,000) | (973,000) |
Amortization of intangibles | 2,340,000 | 1,088,000 |
Earnings on bank owned life insurance and annuities | (1,146,000) | (603,000) |
Increase in accrued interest receivable | (2,422,000) | (2,664,000) |
Decrease in other assets | 1,524,000 | 1,491,000 |
Increase in other liabilities | 3,777,000 | 526,000 |
Net cash provided by operating activities | 54,706,000 | 50,366,000 |
Cash Flows from Investing Activities | ||
Proceeds from maturities and calls of debt securities available for sale | 2,442,000 | 1,795,000 |
Proceeds from sales of debt securities available for sale | 103,662,000 | 61,471,000 |
Principal payments received on debt securities available for sale | 29,805,000 | 29,023,000 |
Purchases of debt securities available for sale | (115,119,000) | (131,913,000) |
Purchase of equity investments | (744,000) | (4,930,000) |
Purchases of other investments | (20,793,000) | (17,699,000) |
Proceeds from redemptions of other investments | 16,960,000 | 10,009,000 |
Net loan originations | (153,221,000) | (315,676,000) |
Purchases of premises and equipment | (5,532,000) | (1,111,000) |
Proceeds from disposal of premises and equipment | 116,000 | 55,000 |
Improvements to property held for sale | (2,000) | (17,000) |
Proceeds from sales of repossessed assets & property held for sale | 595,000 | 4,732,000 |
Purchase of life insurance contracts and annuities | 0 | (10,000,000) |
Cash and cash equivalents from acquisitions, net of cash consideration paid 2023 - $595 | 14,364,000 | 0 |
Net cash used in investing activities | (127,467,000) | (374,261,000) |
Cash Flows from Financing Activities | ||
Net increase in demand deposit, NOW and savings accounts | 84,560,000 | 283,192,000 |
Net increase (decrease) in time deposits | 3,035,000 | (117,424,000) |
Net increase in short-term borrowings | 14,406,000 | 133,002,000 |
Repayment of long-term borrowings | (5,159,000) | (16,000) |
Proceeds from issuance of common stock | 153,000 | 150,000 |
Dividends paid on common stock | (675,000) | (7,141,000) |
Dividends paid on preferred stock | (8,719,000) | (675,000) |
Net cash provided by financing activities | 87,601,000 | 291,088,000 |
Increase (decrease) in cash and cash equivalents | 14,840,000 | (32,807,000) |
Cash and cash equivalents: | ||
Beginning | 44,717,000 | 78,458,000 |
Ending | 59,557,000 | 45,651,000 |
Cash payments for: | ||
Interest | 56,767,000 | 14,089,000 |
Income taxes | 9,724,000 | 9,195,000 |
Supplemental Disclosures of Noncash Investing and Financing Activities | ||
Real property and other assets acquired in settlement of loans | 59,000 | 6,000 |
Right of use assets obtained in exchange for lease obligations | 3,946,000 | 0 |
Supplemental Disclosures of Noncash Transactions Included in Acquisition | ||
Assets acquired | 546,216,000 | 0 |
Liabilities assumed | $ 522,242,000 | $ 0 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | 1. BASIS OF PRESENTATION We, Summit Financial Group, Inc. and subsidiary, prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America for interim financial information and with instructions to Form 10 X. not The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from these estimates. You should carefully consider each risk factor discussed in Part I, “Item 1A. 10 December 31, 2022 The results of operations for the three nine September 30, 2023 not 2022 10 |
Note 2 - Significant New Author
Note 2 - Significant New Authoritative Accounting Guidance | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 2. SIGNIFICANT NEW AUTHORITATIVE ACCOUNTING GUIDANCE Recently Adopted In July 2023, No. 2023 03, Presentation of Financial Statements (Topic 205 220 480 505 718 No. 120, March 24, 2022 6.B, 280—General X: 2023 03 No. 120; March 24, 2022 6.B, 280 X: not 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 not 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 January 1, 2023 not In October 2021, 2021 08 Business Combinations (Topic 805 606 not January 1, 2023 not In March 2020, 2020 04 Reference Rate Reform (Topic 848 January 1, 2023 not Pending Adoption In October 2023, 2023 06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative not not two June 30, 2027, not not not 2023 06 In March 2023, 2023 02, Investments—Equity Method and Joint Ventures (Topic 323 December 15, 2023, not 2023 02 In June 2022, 2022 03, Fair Value Measurement (Topic 820 2022 03 not not December 15, 2023. not 2022 03 |
Note 3 - Fair Value Measurement
Note 3 - Fair Value Measurements | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 3. FAIR VALUE MEASUREMENTS The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis. Balance at Fair Value Measurements Using: Dollars in thousands September 30, 2023 Level 1 Level 2 Level 3 Debt securities available for sale U.S. Government sponsored agencies and corporations $ 25,955 $ — $ 25,955 $ — Residential mortgage-backed securities: Government sponsored agencies 127,369 — 127,369 — Nongovernment sponsored entities 72,322 — 72,322 — State and political subdivisions 89,716 — 89,716 — Corporate debt securities 37,130 — 37,130 — Asset-backed securities 46,258 — 46,258 — Tax-exempt state and political subdivisions 112,653 — 112,653 — Total debt securities available for sale $ 511,403 $ — $ 511,403 $ — Equity investments $ 31,241 $ 26,988 $ 4,253 $ — Derivative financial assets Interest rate caps $ 30,815 $ — $ 30,815 $ — Interest rate swaps 13,712 — 13,712 — 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 and corporations $ 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 — We may Balance at Fair Value Measurements Using: Dollars in thousands September 30, 2023 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 209 $ — $ 209 $ — Collateral-dependent loans with an ACLL Commercial $ 42 $ — $ 42 $ — Commercial real estate 13,548 — 13,548 — Construction and development 248 — 248 — Residential real estate 373 — 373 — Total collateral-dependent loans with an ACLL $ 14,211 $ — $ 14,211 $ — Property held for sale Commercial real estate $ 297 $ — $ 297 $ — Construction and development 4,111 — 4,111 — Total property held for sale $ 4,408 $ — $ 4,408 $ — 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 — Total property held for sale $ 4,777 $ — $ 4,777 $ — The carrying values and estimated fair values of our financial instruments are summarized below: September 30, 2023 Fair Value Measurements Using: Estimated Carrying Fair Dollars in thousands Value Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 59,557 $ 59,557 $ 23,159 $ 36,398 $ — Debt securities available for sale 511,403 511,403 — 511,403 — Debt securities held to maturity 94,715 82,448 — 82,448 — Equity investments 31,241 31,241 26,988 4,253 — Other investments 19,579 19,579 — 19,579 — Loans, net 3,551,686 3,394,620 — 14,211 3,380,409 Accrued interest receivable 19,789 19,789 — 19,789 — Cash surrender value of life insurance policies and annuities 85,076 85,076 — 85,076 — Derivative financial assets 44,527 44,527 — 44,527 — $ 4,417,573 $ 4,248,240 $ 50,147 $ 817,684 $ 3,380,409 Financial liabilities Deposits $ 3,754,495 $ 3,751,560 $ — $ 3,751,560 $ — Short-term borrowings 258,054 258,054 — 258,054 — Long-term borrowings 642 638 — 638 — Subordinated debentures 103,661 92,125 — 92,125 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 4,464 4,464 — 4,464 — $ 4,140,905 $ 4,126,430 $ — $ 4,126,430 $ — December 31, 2022 Fair Value Measurements Using: Estimated Carrying Fair Dollars in thousands Value Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 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, 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 $ — |
Note 4 - Earnings Per Share
Note 4 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 4. EARNINGS PER SHARE The computations of basic and diluted earnings per share follow: For the Three Months Ended September 30, 2023 2022 Common Common Net Income Shares Per Net Income Shares Per Dollars in thousands,except per share amounts (Numerator) (Denominator) Share (Numerator) (Denominator) Share Net income $ 16,332 $ 14,423 Less preferred stock dividends (225 ) (225 ) Basic earnings per share $ 16,107 14,672,176 $ 1.10 $ 14,198 12,766,473 $ 1.11 Effect of dilutive securities: Stock appreciation rights ("SARs") 40,584 65,915 Restricted stock units ("RSUs") 1,451 3,372 Diluted earnings per share $ 16,107 14,714,211 $ 1.09 $ 14,198 12,835,760 $ 1.11 For the Nine Months Ended September 30, 2023 2022 Common Common Net Income Shares Per Net Income Shares Per Dollars in thousands,except per share amounts (Numerator) (Denominator) Share (Numerator) (Denominator) Share Net income $ 38,642 $ 38,130 Less preferred stock dividends (675 ) (675 ) Basic earnings per share $ 37,967 14,048,567 $ 2.70 $ 37,455 12,755,576 $ 2.94 Effect of dilutive securities: Stock appreciation rights ("SARs") 39,330 56,035 Restricted stock units ("RSUs") 2,900 4,371 Diluted earnings per share $ 37,967 14,090,797 $ 2.69 $ 37,455 12,815,982 $ 2.92 SAR grants and RSUs are disregarded in this computation if they are determined to be anti-dilutive. Our anti-dilutive SARs totaled 522,407 three nine September 30, 2023 three nine September 30, 2022, |
Note 5 - Debt Securities
Note 5 - Debt Securities | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 5. DEBT SECURITIES Debt Securities Available for Sale The amortized cost, unrealized gains, unrealized losses and estimated fair values of debt securities available for sale at September 30, 2023 December 31, 2022 September 30, 2023 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Debt Securities Available for Sale Taxable debt securities U.S. Government sponsored agencies and corporations $ 26,818 $ 53 $ 916 $ 25,955 Residential mortgage-backed securities: Government-sponsored agencies 136,367 470 9,468 127,369 Nongovernment-sponsored entities 78,599 — 6,277 72,322 State and political subdivisions General obligations 79,323 3 19,334 59,992 Various tax revenues 10,674 — 2,604 8,070 Other revenues 27,827 — 6,173 21,654 Corporate debt securities 39,534 7 2,411 37,130 Asset-backed securities 46,341 75 158 46,258 Total taxable debt securities 445,483 608 47,341 398,750 Tax-exempt debt securities State and political subdivisions General obligations 104,032 — 12,592 91,440 Other revenues 25,838 — 4,625 21,213 Total tax-exempt debt securities 129,870 — 17,217 112,653 Total debt securities available for sale $ 575,353 $ 608 $ 64,558 $ 511,403 December 31, 2022 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Debt Securities Available for Sale Taxable debt securities U.S. Government sponsored agencies and corporations $ 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 Accrued interest receivable on debt securities available for sale totaled $3.4 million at September 30, 2023 December 31, 2022 The below information is relative to the five states where issuers with the highest volume of state and political subdivision securities held in our available for sale portfolio are located. We own no such securities of any single issuer which we deem to be a concentration. September 30, 2023 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value California $ 45,689 $ — $ 10,923 $ 34,766 Texas 32,865 — 5,961 26,904 Michigan 26,792 — 3,551 23,241 Oregon 14,723 — 3,935 10,788 Pennsylvania 12,493 — 2,282 10,211 Management performs pre-purchase and ongoing analysis to confirm that all investment securities meet applicable credit quality standards. The maturities, amortized cost and estimated fair values of debt securities available for sale at September 30, 2023 Amortized Estimated Dollars in thousands Cost Fair Value Due in one year or less $ 61,778 $ 59,334 Due from one to five years 162,530 153,854 Due from five to ten years 115,465 103,436 Due after ten years 235,580 194,779 Total $ 575,353 $ 511,403 The proceeds from sales, calls and maturities of debt securities available for sale, including principal payments received on mortgage-backed obligations, and the related gross gains and losses realized, for the nine September 30, 2023 2022 Proceeds from Gross realized Calls and Principal Dollars in thousands Sales Maturities Payments Gains Losses For the Nine Months Ended September 30, 2023 $ 103,662 $ 2,442 $ 29,805 $ 963 $ 1,245 2022 $ 61,471 $ 1,795 $ 29,023 $ 218 $ 902 Provided below is a summary of debt securities available for sale which were in an unrealized loss position at September 30, 2023 December 31, 2022 September 30, 2023 Less than 12 months 12 months or more Total # of securities Estimated Unrealized Estimated Unrealized Estimated Unrealized Dollars in thousands in loss position Fair Value Loss Fair Value Loss Fair Value Loss Taxable debt securities U.S. Government sponsored agencies and corporations 38 $ 11,491 $ 682 $ 8,121 $ 234 $ 19,612 $ 916 Residential mortgage-backed securities: Government-sponsored agencies 146 75,929 4,875 33,228 4,593 109,157 9,468 Nongovernment-sponsored entities 36 36,310 2,660 30,435 3,617 66,745 6,277 State and political subdivisions: General obligations 54 — — 58,997 19,334 58,997 19,334 Various tax revenues 7 — — 8,070 2,604 8,070 2,604 Other revenues 22 1,403 180 20,251 5,993 21,654 6,173 Corporate debt securities 21 9,614 624 17,938 1,787 27,552 2,411 Asset-backed securities 11 5,706 34 10,644 124 16,350 158 Tax-exempt debt securities State and political subdivisions: General obligations 82 49,543 4,903 41,898 7,689 91,441 12,592 Other revenues 24 3,137 363 17,595 4,262 20,732 4,625 Total 441 $ 193,133 $ 14,321 $ 247,177 $ 50,237 $ 440,310 $ 64,558 December 31, 2022 Less than 12 months 12 months or more Total # of securities Estimated Unrealized Estimated Unrealized Estimated Unrealized Dollars in thousands in loss position Fair Value Loss Fair Value Loss Fair Value Loss Taxable debt securities U.S. Government sponsored agencies and corporations 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 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 September 30, 2023 December 31, 2022 September 30, 2023 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 $ 69,328 $ — $ 8,379 $ 60,949 Water and sewer revenues 7,864 — 784 7,080 Lease revenues 4,172 — 668 3,504 Sales tax revenues 4,463 — 911 3,552 Various tax revenues 5,446 — 1,139 4,307 Other revenues 3,442 — 386 3,056 Total debt securities held to maturity $ 94,715 $ — $ 12,267 $ 82,448 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 Accrued interest receivable on debt securities held to maturity totaled $937,000 at September 30, 2023 December 31, 2022 The below information is relative to the five September 30, 2023 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Texas $ 14,872 $ — $ 1,690 $ 13,182 California 9,504 — 921 8,583 Pennsylvania 8,362 — 1,035 7,327 Florida 7,365 — 1,262 6,103 Michigan 6,805 — 1,027 5,778 The following table displays the amortized cost of held to maturity debt securities by credit rating at September 30, 2023 December 31, 2022 September 30, 2023 Dollars in thousands AAA AA A BBB Below Investment Grade Tax-exempt state and political subdivisions $ 14,940 $ 72,471 $ 7,304 $ — $ — 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 $ — $ — We owned no past due or nonaccrual held to maturity debt securities at September 30, 2023 December 31, 2022 The maturities, amortized cost and estimated fair values of held to maturity debt securities at September 30, 2023 Amortized Estimated Dollars in thousands Cost Fair Value Due in one year or less $ — $ — Due from one to five years — — Due from five to ten years 4,047 3,663 Due after ten years 90,668 78,785 Total $ 94,715 $ 82,448 There were no proceeds from calls and maturities of debt securities held to maturity for the nine September 30, 2023 2022. At September 30, 2023 |
Note 6 - Loans and Allowance fo
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 6. LOANS AND ALLOWANCE FOR CREDIT LOSSES ON LOANS (ACLL) Loans The following table presents the amortized cost of loans held for investment: September 30, December 31, Dollars in thousands 2023 2022 Commercial $ 511,951 $ 501,844 Commercial real estate - owner occupied Professional & medical 157,549 120,872 Retail 170,535 188,196 Other 219,802 157,982 Commercial real estate - non-owner occupied Hotels & motels 180,112 141,042 Mini-storage 68,066 51,109 Multifamily 294,872 272,705 Retail 254,917 192,270 Other 419,062 347,242 Construction and development Land & land development 114,354 106,362 Construction 349,049 282,935 Residential 1-4 family real estate Personal residence 354,978 265,326 Rental - small loan 142,098 121,548 Rental - large loan 113,837 92,103 Home equity 81,967 71,986 Mortgage warehouse lines 114,734 130,390 Consumer 44,288 35,372 Other Credit cards 2,197 2,182 Overdrafts 4,551 1,352 Total loans, net of unearned fees 3,598,919 3,082,818 Less allowance for credit losses - loans 47,233 38,899 Loans, net $ 3,551,686 $ 3,043,919 Accrued interest and fees receivable on loans totaled $12.3 million and $10.4 million at September 30, 2023 December 31, 2022 The following table presents the contractual aging of the amortized cost basis of past due loans by class as of September 30, 2023 December 31, 2022 September 30, 2023 Past Due 90 days or more and Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current Accruing Commercial $ 3,060 $ 245 $ 207 $ 3,512 $ 508,439 $ 16 Commercial real estate - owner occupied Professional & medical 194 278 — 472 157,077 — Retail 120 92 131 343 170,192 — Other 98 — — 98 219,704 — Commercial real estate - non-owner occupied Hotels & motels — — — — 180,112 — Mini-storage — — — — 68,066 — Multifamily 265 — 94 359 294,513 — Retail — — 606 606 254,311 — Other 37 — — 37 419,025 — Construction and development Land & land development 1,544 — — 1,544 112,810 — Construction — — — — 349,049 — Residential 1-4 family real estate Personal residence 2,890 827 812 4,529 350,449 — Rental - small loan 645 200 126 971 141,127 — Rental - large loan — — 403 403 113,434 — Home equity 744 295 334 1,373 80,594 — Mortgage warehouse lines — — — — 114,734 — Consumer 346 103 97 546 43,742 1 Other Credit cards 35 2 11 48 2,149 11 Overdrafts — — — — 4,551 — Total $ 9,978 $ 2,042 $ 2,821 $ 14,841 $ 3,584,078 $ 28 December 31, 2022 Past Due 90 days or more and Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current Accruing Commercial $ 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 The following table presents the nonaccrual loans included in the net balance of loans at September 30, 2023 December 31, 2022 September 30, December 31, 2023 2022 Nonaccrual Nonaccrual with No with No Allowance for Allowance for Credit Losses Credit Losses Dollars in thousands Nonaccrual - Loans Nonaccrual - Loans Commercial $ 767 $ 10 $ 93 $ 48 Commercial real estate - owner occupied Professional & medical 131 — — — Retail 421 — 350 — Other 371 — 423 — Commercial real estate - non-owner occupied Hotels & motels — — — — Mini-storage — — — — Multifamily 553 — 538 — Retail 4,925 3,746 439 — Other — — — — Construction and development Land & land development 750 — 852 — Construction — — — — Residential 1-4 family real estate Personal residence 1,959 — 2,892 — Rental - small loan 1,943 169 2,066 — Rental - large loan 403 — — — Home equity 482 — 158 — Mortgage warehouse lines — — — — Consumer 113 — — — Other Credit cards — — — — Overdrafts — — — — Total $ 12,818 $ 3,925 $ 7,811 $ 48 Modifications to Borrowers Experiencing Financial Difficulty 2022 02, Financial Instruments - Credit Losses (Topic 326 January 1, 2023. 2022 02 Generally, the modifications we grant are extensions of terms, deferrals of payments for an extended period or interest rate reductions. Occasionally, we may The following tables present the amortized cost basis of loans at September 30, 2023 three nine September 30, 2023 no September 30, 2023. For the Three Months Ended September 30, 2023 Combination Term Extension % of Total Payment Term and Class of Dollars in thousands Delay Extension Payment Delay Total Loans Commercial real estate - owner occupied Other $ — $ 36 $ — $ 36 0.0 % Commercial real estate - non-owner occupied Retail — 397 — 397 0.2 % Residential 1-4 family real estate Rental - small loan — 191 — 191 0.1 % Total $ — $ 624 $ — $ 624 0.0 % For the Nine Months Ended September 30, 2023 Combination Term Extension % of Total Payment Term and Class of Dollars in thousands Delay Extension Payment Delay Total Loans Commercial $ — $ 22,400 $ — $ 22,400 4.4 % Commercial real estate - owner occupied Other — 36 — 36 0.0 % Commercial real estate - non-owner occupied Retail — 397 — 397 0.2 % Residential 1-4 family real estate Personal residence 109 7 66 182 0.1 % Rental - small loan — 360 — 360 0.3 % Total $ 109 $ 23,200 $ 66 $ 23,375 0.6 % The ACLL incorporates an estimate of lifetime expected credit losses and is recorded on each loan upon origination or acquisition. We use a loss-rate, or cohort, method to estimate expected credit losses. The starting point for the estimate of the ACLL is historical loss information, which includes losses from modifications to borrowers experiencing financial difficulty. The assessment of whether a borrower is experiencing financial difficulty is made at the time of the modification. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the ACLL because of the measurement methodologies used to estimate the allowance, a change to the ACLL is generally not The following tables present the financial effect of the modifications made to borrowers experiencing financial difficulty for the three nine September 30, 2023: For the Three Months Ended September 30, 2023 Weighted-Average Weighted-Average Payment Delay Term Extension Dollars in thousands in Months in Months Commercial real estate - owner occupied Other — 12 Commercial real estate - non-owner occupied Retail — 20 Residential 1-4 family real estate Rental - small loan — 20 For the Nine Months Ended September 30, 2023 Weighted-Average Weighted-Average Payment Delay Term Extension Dollars in thousands in Months in Months Commercial — 8 Commercial real estate - owner occupied Other — 12 Commercial real estate - non-owner occupied Retail — 20 Residential 1-4 family real estate Personal residence 8 7 Rental - small loan — 16 The following table presents the amortized cost basis of loans that were modified during the nine September 30, 2023 30 September 30, 2023 Combination Term Extension and Dollars in thousands Term Extension Payment Delay Commercial $ 278 $ — Residential 1-4 family real estate Personal residence 7 66 Rental - small loan 169 — Total $ 454 $ 66 Upon determination that a modified loan, or a portion of a loan, has subsequently been deemed uncollectible, the loan, or a portion of the loan, is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the ACLL is adjusted by the same amount. The following table depicts an age analysis of loans that have been modified during the nine September 30, 2023 September 30, 2023 Past Due 90 Days Dollars in thousands Current 30-59 Days 60-89 Days or More Total Commercial $ 22,400 $ — $ — $ — $ 22,400 Commercial real estate - owner occupied Other 36 — — — 36 Commercial real estate - non-owner occupied Retail 397 — — — 397 Residential 1-4 family real estate Personal residence 175 7 — — 182 Rental - small loan 191 169 — — 360 Total $ 23,199 $ 176 $ — $ — $ 23,375 Credit Quality Indicators: Pass: not Special Mention: may not may Substandard: not Doubtful: Loss: not not no may Management considers the guidance in ASC 310 20 September 30, 2023 December 31, 2022 September 30, 2023 Revolvi- Revolving- Dollars in thousands Risk Rating 2023 2022 2021 2020 2019 Prior ng Term Total Commercial Pass $ 26,303 $ 138,691 $ 67,865 $ 20,007 $ 16,937 $ 11,197 $ 203,876 $ — $ 484,876 Special Mention 421 477 217 255 44 1,921 1,089 — 4,424 Substandard 59 53 22,469 — 10 5 55 — 22,651 Total Commercial 26,783 139,221 90,551 20,262 16,991 13,123 205,020 — 511,951 Current Period Charge-Offs — — (1 ) — — — (19 ) — (20 ) Commercial Real Estate - Owner Occupied Professional & medical Pass 16,663 20,628 53,775 9,806 7,731 44,593 2,101 — 155,297 Special Mention — — — 1,099 — 877 — — 1,976 Substandard — — — 68 — 208 — — 276 Total Professional & Medical 16,663 20,628 53,775 10,973 7,731 45,678 2,101 — 157,549 Current Period Charge-Offs — — — — — (3 ) — — (3 ) Retail Pass 2,015 23,157 67,924 12,019 24,894 35,064 3,193 — 168,266 Special Mention — — — — — 1,870 — — 1,870 Substandard — — — — — 399 — — 399 Total Retail 2,015 23,157 67,924 12,019 24,894 37,333 3,193 — 170,535 Current Period Charge-Offs — — — — — — — — — Other Pass 22,285 49,419 37,308 25,994 15,769 61,802 4,140 — 216,717 Special Mention — — 54 — 130 1,717 — — 1,901 Substandard — — — — 367 781 36 — 1,184 Total Other 22,285 49,419 37,362 25,994 16,266 64,300 4,176 — 219,802 Current Period Charge-Offs — — — — — (28 ) — — (28 ) Total Commercial Real Estate - Owner Occupied 40,963 93,204 159,061 48,986 48,891 147,311 9,470 — 547,886 Commercial Real Estate - Non-Owner Occupied Hotels & motels Pass 15,761 38,161 12,058 9,218 54,098 29,442 4,250 — 162,988 Special Mention — — — — — — — — — Substandard — — — 2,660 14,259 205 — — 17,124 Total Hotels & Motels 15,761 38,161 12,058 11,878 68,357 29,647 4,250 — 180,112 Current Period Charge-Offs — — — — — — — — — Mini-storage Pass 941 23,010 12,041 5,264 4,342 22,427 — — 68,025 Special Mention — — — — — 41 — — 41 Substandard — — — — — — — — — Total Mini-storage 941 23,010 12,041 5,264 4,342 22,468 — — 68,066 Current Period Charge-Offs — — — — — — — — — Multifamily Pass 6,485 68,662 72,761 52,991 21,585 70,641 1,194 — 294,319 Special Mention — — — — — — — — — Substandard — — — 409 — 144 — — 553 Total Multifamily 6,485 68,662 72,761 53,400 21,585 70,785 1,194 — 294,872 Current Period Charge-Offs — — — — — — — — — September 30, 2023 Revolvi- Revolving- Dollars in thousands Risk Rating 2023 2022 2021 2020 2019 Prior ng Term Total Retail Pass 37,452 52,894 58,034 50,435 10,801 36,470 3,540 — 249,626 Special Mention — — 66 — — 907 — — 973 Substandard — — — — 3,746 572 — — 4,318 Total Retail 37,452 52,894 58,100 50,435 14,547 37,949 3,540 — 254,917 Current Period Charge-Offs — — — — (3,658 ) — — — (3,658 ) Other Pass 44,744 104,621 115,570 56,980 15,722 58,943 9,258 — 405,838 Special Mention — 5,470 — — — 176 — — 5,646 Substandard — — — — 2,220 5,358 — — 7,578 Total Other 44,744 110,091 115,570 56,980 17,942 64,477 9,258 — 419,062 Current Period Charge-Offs — — — — — — — — — Total Commercial Real Estate - Non-Owner Occupied 105,383 292,818 270,530 177,957 126,773 225,326 18,242 — 1,217,029 Construction and Development Land & land development Pass 23,963 26,467 21,003 9,446 4,104 17,331 10,130 — 112,444 Special Mention — — — 146 156 433 — — 735 Substandard — — — — — 1,175 — — 1,175 Total Land & land development 23,963 26,467 21,003 9,592 4,260 18,939 10,130 — 114,354 Current Period Charge-Offs — — — — — — — — — Construction Pass 40,007 89,228 176,164 41,738 — 1,315 597 — 349,049 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total Construction 40,007 89,228 176,164 41,738 — 1,315 597 — 349,049 Current Period Charge-Offs — — — — — — — — — Total Construction and Development 63,970 115,695 197,167 51,330 4,260 20,254 10,727 — 463,403 Residential 1-4 Family Real Estate Personal residence Pass 39,162 66,833 55,930 32,526 16,831 125,352 — — 336,634 Special Mention 218 16 51 — 176 9,415 — — 9,876 Substandard — — 66 — 585 7,817 — — 8,468 Total Personal Residence 39,380 66,849 56,047 32,526 17,592 142,584 — — 354,978 Current Period Charge-Offs — — — — — (48 ) — — (48 ) Rental - small loan Pass 13,488 22,572 28,603 12,225 11,905 41,179 6,426 — 136,398 Special Mention — 283 220 100 186 2,178 — — 2,967 Substandard — 150 — — — 2,481 102 — 2,733 Total Rental - Small Loan 13,488 23,005 28,823 12,325 12,091 45,838 6,528 — 142,098 Current Period Charge-Offs — — — — — — — — — Rental - large loan Pass 6,417 41,684 36,020 10,256 2,389 9,728 2,746 — 109,240 Special Mention — — — — — 3,551 — — 3,551 Substandard — 643 — — — 403 — — 1,046 Total Rental - Large Loan 6,417 42,327 36,020 10,256 2,389 13,682 2,746 — 113,837 Current Period Charge-Offs — — — — — — — — — Home equity Pass 108 152 605 123 54 2,252 76,154 — 79,448 Special Mention — — — — 18 612 1,027 — 1,657 Substandard — — 25 13 37 561 226 — 862 Total Home Equity 108 152 630 136 109 3,425 77,407 — 81,967 Current Period Charge-Offs — — — — — — — — — Total Residential 1-4 Family Real Estate 59,393 132,333 121,520 55,243 32,181 205,529 86,681 — 692,880 September 30, 2023 Revolvi- Revolving- Dollars in thousands Risk Rating 2023 2022 2021 2020 2019 Prior ng Term Total Mortgage warehouse lines Pass — — — — — — 114,734 — 114,734 Total Mortgage Warehouse Lines — — — — — — 114,734 — 114,734 Current Period Charge-Offs — — — — — — — — — Consumer Pass 18,463 13,107 4,809 1,960 904 1,373 953 — 41,569 Special Mention 1,007 864 206 145 48 85 3 — 2,358 Substandard 67 183 63 2 19 2 25 — 361 Total Consumer 19,537 14,154 5,078 2,107 971 1,460 981 — 44,288 Current Period Charge-Offs (58 ) (115 ) (10 ) (10 ) — (7 ) — — (200 ) Other Credit cards Pass 2,197 — — — — — — — 2,197 Total Credit Cards 2,197 — — — — — — — 2,197 Current Period Charge-Offs (80 ) — — — — — — — (80 ) Overdrafts Pass 4,551 — — — — — — — 4,551 Total Overdrafts 4,551 — — — — — — — 4,551 Current Period Charge-Offs (363 ) — — — — — — — (363 ) Total Other 6,748 — — — — — — — 6,748 Total $ 322,777 $ 787,425 $ 843,907 $ 355,885 $ 230,067 $ 613,003 $ 445,855 $ — $ 3,598,919 Total Charge-Offs $ (501 ) $ (115 ) $ (11 ) $ (10 ) $ (3,658 ) $ (86 ) $ (19 ) $ — $ (4,400 ) December 31, 2022 Revolvi- Revolving- Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior ng 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 December 31, 2022 Revolvi- Revolving- Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior ng Term Total 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 Substandard — — — — — — — — — 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 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 Special Mention — — — — — — — — — 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 December 31, 2022 Revolvi- Revolving- Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior ng Term Total 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 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 Allowance for Credit Losses - Loans The following tables presents the activity in the ACLL by portfolio segment during the three nine September 30, 2023 2022 twelve December 31, 2022: For the Three Months Ended September 30, 2023 Allowance for Credit Losses - Loans Provision for Credit Beginning Losses - Charge- Ending Dollars in thousands Balance Loans offs Recoveries Balance Commercial $ 4,708 $ (159 ) $ — $ 5 $ 4,554 Commercial real estate - owner occupied Professional & medical 1,169 24 — — 1,193 Retail 1,183 (459 ) — — 724 Other 638 9 (27 ) — 620 Commercial real estate - non-owner occupied Hotels & motels 1,790 1,071 — — 2,861 Mini-storage 86 13 — — 99 Multifamily 3,545 (136 ) — 1 3,410 Retail 2,271 (43 ) — 19 2,247 Other 3,363 (574 ) — 3 2,792 Construction and development Land & land development 4,688 17 — 2 4,707 Construction 12,418 1,009 — — 13,427 Residential 1-4 family real estate Personal residence 3,221 (17 ) — 13 3,217 Rental - small loan 2,175 (70 ) — 7 2,112 Rental - large loan 3,376 (172 ) — — 3,204 Home equity 544 170 — 8 722 Mortgage warehouse lines — — — — — Consumer 210 16 (49 ) 26 203 Other Credit cards 23 10 (12 ) 4 25 Overdrafts 273 961 (138 ) 20 1,116 Total $ 45,681 $ 1,670 $ (226 ) $ 108 $ 47,233 For the Three Months Ended September 30, 2022 Allowance for Credit Losses - Loans Provision for Credit Beginning Losses - Charge- Ending Dollars in thousands Balance Loans offs Recoveries Balance Commercial $ 4,545 $ 531 $ (35 ) $ 77 $ 5,118 Commercial real estate - owner occupied Professional & medical 1,180 (231 ) — — 949 Retail 1,597 82 (108 ) — 1,571 Other 457 (4 ) — — 453 Commercial real estate - non-owner occupied Hotels & motels 1,159 93 — — 1,252 Mini-storage 97 (11 ) — — 86 Multifamily 2,330 (118 ) — — 2,212 Retail 1,891 (560 ) — 52 1,383 Other 2,103 48 — 30 2,181 Construction and development Land & land development 3,600 (95 ) — 2 3,507 Construction 8,208 1,644 — — 9,852 Residential 1-4 family real estate Personal residence 2,669 4 (21 ) 13 2,665 Rental - small loan 2,097 (124 ) (4 ) 12 1,981 Rental - large loan 2,181 442 — — 2,623 Home equity 399 17 — 11 427 Mortgage warehouse lines — — — — — Consumer 254 (61 ) (47 ) 30 176 Other Credit cards 17 (7 ) (6 ) 13 17 Overdrafts 279 45 (44 ) 17 297 Total $ 35,063 $ 1,695 $ (265 ) $ 257 $ 36,750 For the Nine Months Ended September 30, 2023 Allowance for Credit Losses - Loans Provision for Credit Adjustment for Beginning Losses - PCD Charge- Ending Dollars in thousands Balance Loans Acquired Loans offs Recoveries Balance Commercial $ 4,941 $ (376 ) $ — $ (20 ) $ 9 $ 4,554 Commercial real estate - owner occupied Professional & medical 966 201 29 (3 ) — 1,193 Retail 1,176 (535 ) 82 — 1 724 Other 426 (162 ) 384 (28 ) — 620 Commercial real estate - non-owner occupied Hotels & motels 1,203 1,658 — — — 2,861 Mini-storage 82 17 — — — 99 Multifamily 2,907 498 1 — 4 3,410 Retail 1,362 4,349 99 (3,658 ) 95 2,247 Other 2,452 (301 ) 632 — 9 2,792 Construction and development Land & land development 3,482 1,218 1 — 6 4,707 Construction 11,138 2,289 — — — 13,427 Residential 1-4 family real estate Personal residence 2,939 163 68 (48 ) 95 3,217 Rental - small loan 1,907 114 68 — 23 2,112 Rental - large loan 2,668 535 1 — — 3,204 Home equity 705 (152 ) 130 — 39 722 Mortgage warehouse lines — — — — — — Consumer 174 123 — (200 ) 106 203 Other Credit cards 17 82 — (80 ) 6 25 Overdrafts 354 1,064 — (363 ) 61 1,116 Total $ 38,899 $ 10,785 $ 1,495 $ (4,400 ) $ 454 $ 47,233 For the Nine Months Ended September 30, 2022 Allowance for Credit Losses - Loans Provision for Credit Beginning Losses - Charge- Ending Dollars in thousands Balance Loans offs Recoveries Balance Commercial $ 3,218 $ 1,990 $ (237 ) $ 147 $ 5,118 Commercial real estate - owner occupied Professional & medical 1,092 (143 ) — — 949 Retail 1,362 316 (108 ) 1 1,571 Other 575 (122 ) — — 453 Commercial real estate - non-owner occupied Hotels & motels 2,532 (1,280 ) — — 1,252 Mini-storage 133 (47 ) — — 86 Multifamily 1,821 387 — 4 2,212 Retail 1,074 254 — 55 1,383 Other 1,820 325 — 36 2,181 Construction and development Land & land development 3,468 104 (72 ) 7 3,507 Construction 6,346 3,506 — — 9,852 Residential 1-4 family real estate Personal residence 2,765 (38 ) (105 ) 43 2,665 Rental - small loan 2,834 (683 ) (196 ) 26 1,981 Rental - large loan 2,374 249 — — 2,623 Home equity 497 (82 ) (8 ) 20 427 Mortgage warehouse lines — — — — — Consumer 163 55 (121 ) 79 176 Other Credit cards 17 9 (24 ) 15 17 Overdrafts 207 328 (318 ) 80 297 Total $ 32,298 $ 5,128 $ (1,189 ) $ 513 $ 36,750 For the Twelve Months Ended December 31, 2022 Allowance for Credit Losses - Loans Provision for Credit Beginning Losses - Charge- Ending Dollars in thousands Balance Loans offs Recoveries Balance Commercial $ 3,218 $ 1,774 $ (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 The following tables presents, as of September 30, 2023 December 31, 2022 September 30, 2023 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 $ 22,226 $ 489,725 $ 511,951 $ 5 $ 4,549 $ 4,554 Commercial real estate - owner occupied Professional & medical — 157,549 157,549 — 1,193 1,193 Retail — 170,535 170,535 — 724 724 Other — 219,802 219,802 — 620 620 Commercial real estate - non-owner occupied Hotels & motels 17,124 162,988 180,112 1,477 1,384 2,861 Mini-storage — 68,066 68,066 — 99 99 Multifamily — 294,872 294,872 — 3,410 3,410 Retail 4,718 250,199 254,917 79 2,168 2,247 Other 7,855 411,207 419,062 223 2,569 2,792 Construction and development Land & land development 750 113,604 114,354 503 4,204 4,707 Construction — 349,049 349,049 — 13,427 13,427 Residential 1-4 family real estate Personal residence — 354,978 354,978 — 3,217 3,217 Rental - small loan 1,274 140,824 142,098 198 1,914 2,112 Rental - large loan 1,275 112,562 113,837 — 3,204 3,204 Home equity — 81,967 81,967 — 722 722 Mortgage warehouse lines — 114,734 114,734 — — — Consumer — 44,288 44,288 — 203 203 Other Credit cards — 2,197 2,197 — 25 25 Overdrafts — 4,551 4,551 — 1,116 1,116 Total $ 55,222 $ 3,543,697 $ 3,598,919 $ 2,485 $ 44,748 $ 47,233 ( 1 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 The following tables presents the amortized cost basis of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related ACLL allocated to those loans: September 30, 2023 Real Estate Allowance for Secured Non-Real Estate Credit Losses Dollars in thousands Loans Secured Loans Total Loans - Loans Commercial $ — $ 22,226 $ 22,226 $ 5 Commercial real estate - owner occupied Professional & medical — — — — Retail — — — — Other — — — — Commercial real estate - non-owner occupied Hotels & motels 17,124 — 17,124 1,477 Mini-storage — — — — Multifamily — — — — Retail 4,718 — 4,718 79 Other 7,855 — 7,855 223 Construction and development Land & land development 750 — 750 503 Construction — — — — Residential 1-4 family real estate Personal residence — — — — Rental - small loan 1,274 — 1,274 198 Rental - large loan 1,275 — 1,275 — Home equity — — — — Consumer — — — — Other Credit cards — — — — Overdrafts — — — — Total $ 32,996 $ 22,226 $ 55,222 $ 2,485 December 31, 2022 Real Estate Allowance for Secured Non-Real Estate Credit Losses Dollars in thousands Loans Secured Loans Total Loans - 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 |
Note 7 - Goodwill and Other Int
Note 7 - Goodwill and Other Intangible Assets | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 7. GOODWILL AND OTHER INTANGIBLE ASSETS In accordance with ASU No. 2017 04, Intangibles - Goodwill and Other (Topic 350 third 2023, not not September 30, 2023. The following tables present our goodwill activity for the nine September 30, 2023 at September 30, 2023 December 31, 2022. Goodwill Activity Dollars in thousands September 30, 2023 Balance, January 1, 2023 $ 55,347 Reclassifications from goodwill — Acquired goodwill 687 Balance, June 30, 2023 $ 56,034 Other Intangible Assets Dollars in thousands September 30, 2023 December 31, 2022 Identifiable intangible assets Gross carrying amount $ 30,755 $ 15,828 Less: accumulated amortization 11,364 9,025 Net carrying amount $ 19,391 $ 6,803 We recorded amortization expense of $998,000 and $2.3 million for the three nine September 30, 2023 three nine September 30, 2022 Amortization relative to our identifiable intangible assets is expected to approximate the following during the next five Core Deposit Dollars in thousands Intangible Three month period ending December 31, 2023 $ 996 Year ending December 31, 2024 3,669 Year ending December 31, 2025 3,258 Year ending December 31, 2026 2,846 Year ending December 31, 2027 2,433 Thereafter 6,119 |
Note 8 - Deposits
Note 8 - Deposits | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | NOTE 8. DEPOSITS The following is a summary of interest bearing deposits by type as of September 30, 2023 December 31, 2022 September 30, December 31, Dollars in thousands 2023 2022 Demand deposits, interest bearing $ 2,144,737 $ 1,743,299 Savings deposits 477,348 496,751 Time deposits 502,355 376,213 Total $ 3,124,440 $ 2,616,263 Included in time deposits are deposits acquired through a third September 30, 2023 December 31, 2022 A summary of the scheduled maturities for all time deposits as of September 30, 2023 Dollars in thousands Three month period ending December 31, 2023 $ 89,347 Year ending December 31, 2024 321,856 Year ending December 31, 2025 48,873 Year ending December 31, 2026 22,261 Year ending December 31, 2027 10,135 Thereafter 9,883 Total $ 502,355 The aggregate amount of time deposits in denominations that meet or exceed the FDIC insurance limit of $250,000 September 30, 2023 December 31, 2022. |
Note 9 - Borrowed Funds
Note 9 - Borrowed Funds | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 9. BORROWED FUNDS Short-term borrowings: Nine Months Ended September 30, 2023 2022 Dollars in thousands Short-term FHLB Advances Federal Funds Purchased and Short-term Repurchase Agreements Short-term FHLB Advances Federal Funds Purchased and Short-term Repurchase Agreements Balance at September 30 $ 257,900 $ 154 $ 273,000 $ 148 Average balance outstanding for the period 203,008 11,314 179,667 146 Maximum balance outstanding at any month end during period 268,000 20,531 291,300 148 Weighted average interest rate for the period (1) 5.39 % 2.35 % 1.48 % 1.20 % Weighted average interest rate for balances outstanding at September 30 (1) 5.67 % 5.50 % 3.06 % 3.25 % (1) Excludes effect of any hedging activity Year Ended December 31, 2022 Dollars in thousands Short-term FHLB Advances Federal Funds Purchased and Short-term Repurchase Agreements Balance at December 31 $ 225,850 $ 149 Average balance outstanding for the period 204,118 147 Maximum balance outstanding at any month end during period 298,900 149 Weighted average interest rate for the period (1) 2.37 % 1.87 % Weighted average interest rate for balances outstanding at December 31 (1) 4.47 % 4.50 % (1) Excludes effect of any hedging activity Federal funds purchased and short-term repurchase agreements mature the next business day. The securities underlying the repurchase agreements are under our control and secure the total outstanding daily balances. We generally account for securities sold under agreements to repurchase as collateralized financing transactions and record them at the amounts at which the securities were sold, plus accrued interest. Securities, generally U.S. government and Federal agency securities, pledged as collateral under these financing arrangements cannot be sold or repledged by the secured party. The fair value of collateral provided is continually monitored and additional collateral is provided as needed. Long-term borrowings: September 30, 2023 December 31, 2022 2026. Subordinated debentures: fourth 2021 September 30, 2023 December 31, 2022 2 2 November 16, 2021 December 1, 2026, December 1, 2026 three not first five We issued $30 million of subordinated debentures, net of $681,000 debt issuance costs, during third 2020 September 30, 2023 December 31, 2022 2 2 September 22, 2020 September 30, 2025, September 30, 2025 three not first five Subordinated debentures owed to unconsolidated subsidiary trusts: three third September 30, 2023 December 31, 2022 The capital securities held by SFG Capital Trust I, SFG Capital Trust II, and SFG Capital Trust III qualify as Tier 1 1 2 A summary of the maturities of all long-term borrowings and subordinated debentures for the next five Subordinated debentures owed Long-term Subordinated to unconsolidated Dollars in thousands borrowings debentures subsidiary trusts Year Ending December 31, 2023 $ 6 $ — $ — 2024 23 — — 2025 24 — — 2026 589 — — 2027 — — — Thereafter — 105,000 19,589 $ 642 $ 105,000 $ 19,589 |
Note 10 - Share-based Compensat
Note 10 - Share-based Compensation | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | NOTE 10. SHARE-BASED COMPENSATION Under the 2014 “2014 During first 2023, seven ten 2023, five ten The fair value of our 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 2023 2023 grant with 7 year expiration 2023 grant with 5 year expiration Risk-free interest rate 3.79 % 3.87 % Expected dividend yield 3.00 % 3.00 % Expected common stock volatility 40.76 % 40.76 % Expected life (in years) 7 6.5 A summary of our SAR activity during the first nine 2023 2022 For the Nine Months Ended September 30, 2023 Aggregate Remaining Weighted- Intrinsic Value Contractual Average Options/SARs (in thousands) Term (Yrs.) Exercise Price Outstanding, January 1 473,212 $ 21.36 Granted 176,384 26.37 Exercised (1,000 ) 12.01 Forfeited (41,529 ) 23.86 Expired — — Outstanding, September 30 607,067 $ 1,001 6.33 $ 22.66 Exercisable, September 30 302,923 $ 931 4.28 $ 20.70 For the Nine Months Ended September 30, 2022 Aggregate Remaining Weighted- Intrinsic Value Contractual Average Options/SARs (in thousands) Term (Yrs.) Exercise Price Outstanding, January 1 491,792 $ 21.32 Granted — — Exercised (14,996 ) 19.46 Forfeited — — Expired — — Outstanding, September 30 476,796 $ 2,651 6.24 $ 21.38 Exercisable, September 30 262,622 $ 1,724 4.86 $ 20.38 Grants of RSUs include time-based vesting conditions that generally vest ratably over a period of 3 to 5 years. A summary of our RSU activity during the first nine 2023 2022 RSUs Weighted Average Grant Date Fair Value Nonvested, December 31, 2022 7,204 $ 20.49 Granted — — Forfeited (1,321 ) 18.93 Vested (2,749 ) 18.19 Nonvested, September 30, 2023 3,134 $ 23.17 RSUs Weighted Average Grant Date Fair Value Nonvested, December 31, 2021 13,015 $ 21.24 Granted — — Forfeited (313 ) 26.63 Vested (5,246 ) 22.24 Nonvested, September 30, 2022 7,456 $ 20.31 We recognize compensation expense based on the estimated number of stock awards expected to actually vest, exclusive of the awards expected to be forfeited. During the first nine 2023 2022 September 30, 2023 unrecognized compensation expense related to all nonvested awards not |
Note 11 - Commitments and Conti
Note 11 - Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 11. COMMITMENTS AND CONTINGENCIES Off-Balance Sheet Arrangements We are a party to certain financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of our customers. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the statement of financial position. The contract amounts of these instruments reflect the extent of involvement that we have in this class of financial instruments. Many of our lending relationships contain both funded and unfunded elements. The funded portion is reflected on our balance sheet. The unfunded portion of these commitments is not may not A summary of the total unfunded, or off-balance sheet, credit extension commitments follows: September 30, Dollars in thousands 2023 Commitments to extend credit: Revolving home equity and credit card lines $ 120,411 Construction loans 257,768 Other loans 508,399 Standby letters of credit 56,930 Total $ 943,508 Commitments to extend credit are agreements to lend to a customer as long as there is no may may Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third third Our exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. We use the same credit policies in making commitments and conditional obligations as we do for on-balance sheet instruments. Allowance For Credit Losses - Off-Balance-Sheet Credit Exposures The provision for credit losses on unfunded commitments was $(420,000) and $(195,000) for the three September 30, 2023 2022 nine September 30, 2023 2022. September 30, 2023 December 31, 2022 Litigation We are not not |
Note 12 - Preferred Stock
Note 12 - Preferred Stock | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Preferred Stock [Text Block] | NOTE 12. In April 2021, 2021 6% 15th March, June, September December |
Note 13 - Regulatory Matters
Note 13 - Regulatory Matters | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | NOTE 13. REGULATORY MATTERS Our bank subsidiary, Summit Community Bank, Inc. (“Summit Community”), is subject to various regulatory capital requirements administered by the banking regulatory agencies. Under the capital adequacy guidelines and the regulatory framework for prompt corrective action, Summit Community must meet specific capital guidelines that involve quantitative measures of its assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. Our bank subsidiary’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require Summit Community to maintain minimum amounts and ratios of Common Equity Tier 1 "CET1" September 30, 2023 The most recent notifications from the banking regulatory agencies categorized Summit Community as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, Summit Community must maintain minimum CET1, In December 2018, three one 326. March 2020, 326 January 1, 2020 25% two two three 75% 50% 25% five The following tables present Summit's, as well as Summit Community's, actual and required minimum regulatory capital amounts and ratios as of September 30, 2023 December 31, 2022 Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended. Actual Minimum Required Capital - Basel III Minimum Required To Be Well Capitalized Dollars in thousands Amount Ratio Amount Ratio Amount Ratio As of September 30, 2023 CET1 (to risk weighted assets) Summit $ 356,427 8.9 % $ 280,971 7.0 % N/A N/A Summit Community 462,461 11.6 % 280,274 7.0 % 260,255 6.5 % Tier I Capital (to risk weighted assets) Summit 390,348 9.7 % 341,179 8.5 % N/A N/A Summit Community 462,461 11.6 % 340,333 8.5 % 320,313 8.0 % Total Capital (to risk weighted assets) Summit 541,243 13.5 % 421,456 10.5 % N/A N/A Summit Community 509,696 12.7 % 422,901 10.5 % 402,762 10.0 % Tier I Capital (to average assets) Summit 390,348 8.5 % 183,316 4.0 % N/A N/A Summit Community 462,461 10.1 % 182,401 4.0 % 228,001 5.0 % Actual Minimum Required Capital - Basel III Minimum Required To Be Well Capitalized Dollars in thousands Amount Ratio Amount Ratio Amount Ratio As of December 31, 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 % |
Note 14 - Derivative Financial
Note 14 - Derivative Financial Instruments | 9 Months Ended |
Sep. 30, 2023 | |
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 and fair values of certain assets and liabilities. Each of our derivative transactions qualify under the rules for “hedge accounting” in accordance with GAAP. A summary of our derivative transactions follows: Cash flow hedges We have entered into four • 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 • A $50 million notional interest rate swap with an effective date of May 18, 2023 May 18, 2025 • A $50 million notional interest rate swap with an effective date of July 18, 2023 January 18, 2026 , In addition, we have purchased two • A $100 million notional interest rate cap with an effective date of July 20, 2020 April 18, 2030 three .75%. • A $100 million notional interest rate cap with an effective date of December 29, 2020 December 18, 2025 0.50%. Fair value hedges We have entered into three • An original $9.95 January 15, 2015 January 15, 2025 three • An original $11.3 million (current $9.6 million) notional amortizing interest rate swap with an effective date of December 18, 2015 January 15, 2026 one • A $71.25 million notional pay fixed/receive variable interest rate swap with an effective date of April 1, 2024 October 27, 2021) February 1, 2031 A summary of our derivative financial instruments as of September 30, 2023 December 31, 2022 September 30, 2023 Derivative Fair Value Net Ineffective Dollars in thousands Notional Amount Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 140,000 $ 2,404 $ — $ — Interest rate cap hedging: Short term borrowings $ 100,000 $ 21,822 $ — $ — Indexed interest bearing demand deposit accounts 100,000 8,993 — — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 16,353 $ 869 $ — $ — Available for sale taxable municipal securities 71,245 10,439 — (3 ) Total $ 427,598 $ 44,527 $ — $ (3 ) 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 Short term borrowings $ 40,000 $ 1,871 $ — $ — Interest rate cap 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 Commercial real estate loans $ 16,876 $ 911 $ — $ — Available for sale taxable municipal securities 71,245 7,123 — (12 ) Total $ 328,121 $ 40,506 $ — $ (12 ) Loan commitments: 815, Derivatives and Hedging, |
Note 15 - Accumulated Other Com
Note 15 - Accumulated Other Comprehensive (Loss) Income | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | NOTE 15. The following is changes in accumulated other comprehensive (loss) income by component, net of tax, for the three nine September 30, 2023 2022 For the Three Months Ended September 30, 2023 Dollars in thousands Gains and (Losses) on Pension Plan Gains and (Losses) on Other Post-Retirement Benefits Gains and (Losses) on Cash Flow Hedges Unrealized Gains (Losses) on Debt Securities Available for Sale Unrealized Gains (Losses) on Securities Fair Value Hedge Total Beginning balance $ (23 ) $ 172 $ 20,328 $ (35,046 ) $ 5,834 $ (8,735 ) Other comprehensive (loss) income before reclassification — — 1,582 (13,568 ) 2,095 (9,891 ) Amounts reclassified from accumulated other comprehensive loss, net of tax — — — 9 — 9 Net current period other comprehensive (loss) income — — 1,582 (13,559 ) 2,095 (9,882 ) Ending balance $ (23 ) $ 172 $ 21,910 $ (48,605 ) $ 7,929 $ (18,617 ) For the Three Months Ended September 30, 2022 Dollars in thousands Gains and (Losses) on Pension Plan Gains and (Losses) on Other Post-Retirement Benefits Gains and (Losses) on Cash Flow Hedges Unrealized Gains (Losses) on Debt Securities Available for Sale Unrealized Gains (Losses) on Securities Fair Value Hedge Total Beginning balance $ 30 $ 9 $ 15,885 $ (26,916 ) $ 3,518 $ (7,474 ) Other comprehensive (loss) income before reclassification — — 5,706 (12,342 ) 2,251 (4,385 ) Amounts reclassified from accumulated other comprehensive loss, net of tax — — — 184 — 184 Net current period other comprehensive (loss) income — — 5,706 (12,158 ) 2,251 (4,201 ) Ending balance $ 30 $ 9 $ 21,591 $ (39,074 ) $ 5,769 $ (11,675 ) For the Nine Months Ended September 30, 2023 Dollars in thousands Gains and (Losses) on Pension Plan Gains and (Losses) on Other Post-Retirement Benefits Gains and (Losses) on Cash Flow Hedges Unrealized Gains/(Losses) on Debt Securities Available for Sale Unrealized Gains on Securities Fair Value Hedge Total Beginning balance $ (23 ) $ 172 $ 20,867 $ (37,902 ) $ 5,407 $ (11,479 ) Other comprehensive (loss) income before reclassification — — 1,043 (10,917 ) 2,522 (7,352 ) Amounts reclassified from accumulated other comprehensive loss, net of tax — — — 214 — 214 Net current period other comprehensive (loss) income — — 1,043 (10,703 ) 2,522 (7,138 ) Ending balance $ (23 ) $ 172 $ 21,910 $ (48,605 ) $ 7,929 $ (18,617 ) For the Nine Months Ended September 30, 2022 Dollars in thousands Gains and (Losses) on Pension Plan Gains and (Losses) on Other Post-Retirement Benefits Gains and (Losses) on Cash Flow Hedges Unrealized Gains/(Losses) on Debt Securities Available for Sale Unrealized Gains on Securities Fair Value Hedge Total Beginning balance $ 30 $ 9 $ 3,993 $ 1,868 $ (418 ) $ 5,482 Other comprehensive (loss) income before reclassification — — 17,598 (41,462 ) 6,187 (17,677 ) Amounts reclassified from accumulated other comprehensive loss, net of tax — — — 520 — 520 Net current period other comprehensive (loss) income — — 17,598 (40,942 ) 6,187 (17,157 ) Ending balance $ 30 $ 9 $ 21,591 $ (39,074 ) $ 5,769 $ (11,675 ) |
Note 16 - Income Taxes
Note 16 - Income Taxes | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 16. Our income tax expense for the three nine September 30, 2023 September 30, 2022 three nine September 30, 2023 2022 s 22.7% and 21.5%, three nine September 30, 2023 2022 For the Three Months Ended September 30, For the Nine Months Ended September 30, 2023 2022 2023 2022 Percent Percent Percent Percent Applicable statutory rate 21.0 % 21.0 % 21.0 % 21.0 % Increase (decrease) in rate resulting from: Tax-exempt interest and dividends, net (1.4 )% (1.5 )% (1.8 )% (1.4 )% State income taxes, net of Federal income tax benefit 2.7 % 1.9 % 2.2 % 2.0 % Low-income housing and rehabilitation tax credits (0.2 )% (0.3 )% (0.2 )% (0.3 )% Other, net 0.6 % — % 0.3 % — % Effective income tax rate 22.7 % 21.1 % 21.5 % 21.3 % The components of applicable income tax expense for the three nine September 30, 2023 2022 For the Three Months Ended September 30, For the Nine Months Ended September 30, Dollars in thousands 2023 2022 2023 2022 Current Federal $ 3,917 $ 3,617 $ 9,281 $ 8,644 State 684 480 1,409 1,180 4,601 4,097 10,690 9,824 Deferred Federal 169 (211 ) (103 ) 426 State 24 (30 ) (15 ) 61 193 (241 ) (118 ) 487 Total $ 4,794 $ 3,856 $ 10,572 $ 10,311 |
Note 17 - Revenue From Contract
Note 17 - Revenue From Contracts With Customers | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 17. Interest income, loan fees, realized securities gains and losses, bank owned life insurance income and mortgage banking revenue are not 606, Revenue from Contracts with Customers 606 one The following table illustrates our total non-interest income segregated by revenues within the scope of ASC Topic 606 Three Months Ended September 30, Nine Months Ended September 30, Dollars in thousands 2023 2022 2023 2022 Service fees on deposit accounts $ 1,775 $ 1,550 $ 5,110 $ 4,625 Bank card revenue 1,907 1,639 5,462 4,748 Trust and wealth management fees 819 725 2,484 2,228 Other 151 165 349 348 Net revenue from contracts with customers 4,652 4,079 13,405 11,949 Non-interest income within the scope of other ASC topics 613 808 1,669 1,339 Total noninterest income $ 5,265 $ 4,887 $ 15,074 $ 13,288 |
Note 18 - Mergers and Acquisiti
Note 18 - Mergers and Acquisitions | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | NOTE 18. On April 1, 2023 $39.0 million stock consideration,or 1,880,732 s h We accounted for the acquisition using the acquisition method of accounting in accordance with ASC 805, Business Combinations one not not April 1, 2023 Estimated Fair As Estimated Values as Recorded by Fair Value Recorded by Dollars in thousands Provident Adjustments Summit Cash consideration $ 595 Stock consideration 39,025 Total consideration 39,620 Identifiable assets acquired: Cash and cash equivalents $ 14,959 $ — $ 14,959 Securities available for sale, at fair value 122,734 — 122,734 Securities held to maturity 20,466 (2,275 ) 18,191 Loans — — — Purchased performing 363,446 (17,418 ) 346,028 Purchased credit deteriorated 18,473 (1,495 ) 16,978 Allowance for credit losses on loans (3,341 ) 3,341 — Premises and equipment 6,600 (425 ) 6,175 Core deposit intangibles — 14,928 14,928 Other assets 24,981 (3,799 ) 21,182 Total identifiable assets acquired $ 568,318 $ (7,143 ) $ 561,175 Identifiable liabilities assumed: Deposits 497,802 (249 ) 497,553 Short-term borrowings 17,650 — 17,650 Long-term borrowings 5,209 (66 ) 5,143 Other liabilities 7,284 (5,388 ) 1,896 Total identifiable liabilities assumed $ 527,945 $ (5,703 ) $ 522,242 Net identifiable assets acquired $ 40,373 $ (1,440 ) $ 38,933 Preliminary goodwill resulting from acquisition $ 687 For the Nine Months Ended September 30, Dollars in thousands 2023 Purchase price of PCD loans at acquisition $ 18,473 Allowance for credit losses - loans at acquisition 1,495 Non-credit discount at acquisition 729 Par value of PCD loans at acquisition $ 16,249 Pending Merger On August 24, 2023, 368 We anticipate the merger will close in the first 2024, 8 August 24, 2023 |
Item 5 - Other Information
Item 5 - Other Information | 9 Months Ended |
Sep. 30, 2023 | |
Notes to Financial Statements | |
Issuer Rule 10b5-1, Material Terms [Text Block] | Item 5. Rule 10b5 1 10b5 1 None |
Note 3 - Fair Value Measureme_2
Note 3 - Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Balance at Fair Value Measurements Using: Dollars in thousands September 30, 2023 Level 1 Level 2 Level 3 Debt securities available for sale U.S. Government sponsored agencies and corporations $ 25,955 $ — $ 25,955 $ — Residential mortgage-backed securities: Government sponsored agencies 127,369 — 127,369 — Nongovernment sponsored entities 72,322 — 72,322 — State and political subdivisions 89,716 — 89,716 — Corporate debt securities 37,130 — 37,130 — Asset-backed securities 46,258 — 46,258 — Tax-exempt state and political subdivisions 112,653 — 112,653 — Total debt securities available for sale $ 511,403 $ — $ 511,403 $ — Equity investments $ 31,241 $ 26,988 $ 4,253 $ — Derivative financial assets Interest rate caps $ 30,815 $ — $ 30,815 $ — Interest rate swaps 13,712 — 13,712 — 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 and corporations $ 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 — |
Fair Value Measurements, Nonrecurring [Table Text Block] | Balance at Fair Value Measurements Using: Dollars in thousands September 30, 2023 Level 1 Level 2 Level 3 Residential mortgage loans held for sale $ 209 $ — $ 209 $ — Collateral-dependent loans with an ACLL Commercial $ 42 $ — $ 42 $ — Commercial real estate 13,548 — 13,548 — Construction and development 248 — 248 — Residential real estate 373 — 373 — Total collateral-dependent loans with an ACLL $ 14,211 $ — $ 14,211 $ — Property held for sale Commercial real estate $ 297 $ — $ 297 $ — Construction and development 4,111 — 4,111 — Total property held for sale $ 4,408 $ — $ 4,408 $ — 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 — Total property held for sale $ 4,777 $ — $ 4,777 $ — |
Fair Value, by Balance Sheet Grouping [Table Text Block] | September 30, 2023 Fair Value Measurements Using: Estimated Carrying Fair Dollars in thousands Value Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 59,557 $ 59,557 $ 23,159 $ 36,398 $ — Debt securities available for sale 511,403 511,403 — 511,403 — Debt securities held to maturity 94,715 82,448 — 82,448 — Equity investments 31,241 31,241 26,988 4,253 — Other investments 19,579 19,579 — 19,579 — Loans, net 3,551,686 3,394,620 — 14,211 3,380,409 Accrued interest receivable 19,789 19,789 — 19,789 — Cash surrender value of life insurance policies and annuities 85,076 85,076 — 85,076 — Derivative financial assets 44,527 44,527 — 44,527 — $ 4,417,573 $ 4,248,240 $ 50,147 $ 817,684 $ 3,380,409 Financial liabilities Deposits $ 3,754,495 $ 3,751,560 $ — $ 3,751,560 $ — Short-term borrowings 258,054 258,054 — 258,054 — Long-term borrowings 642 638 — 638 — Subordinated debentures 103,661 92,125 — 92,125 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 4,464 4,464 — 4,464 — $ 4,140,905 $ 4,126,430 $ — $ 4,126,430 $ — December 31, 2022 Fair Value Measurements Using: Estimated Carrying Fair Dollars in thousands Value Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 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, 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 $ — |
Note 4 - Earnings Per Share (Ta
Note 4 - Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months Ended September 30, 2023 2022 Common Common Net Income Shares Per Net Income Shares Per Dollars in thousands,except per share amounts (Numerator) (Denominator) Share (Numerator) (Denominator) Share Net income $ 16,332 $ 14,423 Less preferred stock dividends (225 ) (225 ) Basic earnings per share $ 16,107 14,672,176 $ 1.10 $ 14,198 12,766,473 $ 1.11 Effect of dilutive securities: Stock appreciation rights ("SARs") 40,584 65,915 Restricted stock units ("RSUs") 1,451 3,372 Diluted earnings per share $ 16,107 14,714,211 $ 1.09 $ 14,198 12,835,760 $ 1.11 For the Nine Months Ended September 30, 2023 2022 Common Common Net Income Shares Per Net Income Shares Per Dollars in thousands,except per share amounts (Numerator) (Denominator) Share (Numerator) (Denominator) Share Net income $ 38,642 $ 38,130 Less preferred stock dividends (675 ) (675 ) Basic earnings per share $ 37,967 14,048,567 $ 2.70 $ 37,455 12,755,576 $ 2.94 Effect of dilutive securities: Stock appreciation rights ("SARs") 39,330 56,035 Restricted stock units ("RSUs") 2,900 4,371 Diluted earnings per share $ 37,967 14,090,797 $ 2.69 $ 37,455 12,815,982 $ 2.92 |
Note 5 - Debt Securities (Table
Note 5 - Debt Securities (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Marketable Securities [Table Text Block] | September 30, 2023 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Debt Securities Available for Sale Taxable debt securities U.S. Government sponsored agencies and corporations $ 26,818 $ 53 $ 916 $ 25,955 Residential mortgage-backed securities: Government-sponsored agencies 136,367 470 9,468 127,369 Nongovernment-sponsored entities 78,599 — 6,277 72,322 State and political subdivisions General obligations 79,323 3 19,334 59,992 Various tax revenues 10,674 — 2,604 8,070 Other revenues 27,827 — 6,173 21,654 Corporate debt securities 39,534 7 2,411 37,130 Asset-backed securities 46,341 75 158 46,258 Total taxable debt securities 445,483 608 47,341 398,750 Tax-exempt debt securities State and political subdivisions General obligations 104,032 — 12,592 91,440 Other revenues 25,838 — 4,625 21,213 Total tax-exempt debt securities 129,870 — 17,217 112,653 Total debt securities available for sale $ 575,353 $ 608 $ 64,558 $ 511,403 December 31, 2022 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Debt Securities Available for Sale Taxable debt securities U.S. Government sponsored agencies and corporations $ 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 |
Summary of Volume of State and Political Subdivision Securities Held in Portfolio [Table Text Block] | September 30, 2023 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value California $ 45,689 $ — $ 10,923 $ 34,766 Texas 32,865 — 5,961 26,904 Michigan 26,792 — 3,551 23,241 Oregon 14,723 — 3,935 10,788 Pennsylvania 12,493 — 2,282 10,211 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Amortized Estimated Dollars in thousands Cost Fair Value Due in one year or less $ 61,778 $ 59,334 Due from one to five years 162,530 153,854 Due from five to ten years 115,465 103,436 Due after ten years 235,580 194,779 Total $ 575,353 $ 511,403 |
Schedule of Realized Gain (Loss) [Table Text Block] | Proceeds from Gross realized Calls and Principal Dollars in thousands Sales Maturities Payments Gains Losses For the Nine Months Ended September 30, 2023 $ 103,662 $ 2,442 $ 29,805 $ 963 $ 1,245 2022 $ 61,471 $ 1,795 $ 29,023 $ 218 $ 902 |
Schedule of Unrealized Loss on Investments [Table Text Block] | September 30, 2023 Less than 12 months 12 months or more Total # of securities Estimated Unrealized Estimated Unrealized Estimated Unrealized Dollars in thousands in loss position Fair Value Loss Fair Value Loss Fair Value Loss Taxable debt securities U.S. Government sponsored agencies and corporations 38 $ 11,491 $ 682 $ 8,121 $ 234 $ 19,612 $ 916 Residential mortgage-backed securities: Government-sponsored agencies 146 75,929 4,875 33,228 4,593 109,157 9,468 Nongovernment-sponsored entities 36 36,310 2,660 30,435 3,617 66,745 6,277 State and political subdivisions: General obligations 54 — — 58,997 19,334 58,997 19,334 Various tax revenues 7 — — 8,070 2,604 8,070 2,604 Other revenues 22 1,403 180 20,251 5,993 21,654 6,173 Corporate debt securities 21 9,614 624 17,938 1,787 27,552 2,411 Asset-backed securities 11 5,706 34 10,644 124 16,350 158 Tax-exempt debt securities State and political subdivisions: General obligations 82 49,543 4,903 41,898 7,689 91,441 12,592 Other revenues 24 3,137 363 17,595 4,262 20,732 4,625 Total 441 $ 193,133 $ 14,321 $ 247,177 $ 50,237 $ 440,310 $ 64,558 December 31, 2022 Less than 12 months 12 months or more Total # of securities Estimated Unrealized Estimated Unrealized Estimated Unrealized Dollars in thousands in loss position Fair Value Loss Fair Value Loss Fair Value Loss Taxable debt securities U.S. Government sponsored agencies and corporations 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 |
Debt Securities, Held-to-Maturity [Table Text Block] | September 30, 2023 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 $ 69,328 $ — $ 8,379 $ 60,949 Water and sewer revenues 7,864 — 784 7,080 Lease revenues 4,172 — 668 3,504 Sales tax revenues 4,463 — 911 3,552 Various tax revenues 5,446 — 1,139 4,307 Other revenues 3,442 — 386 3,056 Total debt securities held to maturity $ 94,715 $ — $ 12,267 $ 82,448 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 |
Summary of Volume of State and Political Subdivision Securities Held to Maturity [Table Text Block] | September 30, 2023 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Texas $ 14,872 $ — $ 1,690 $ 13,182 California 9,504 — 921 8,583 Pennsylvania 8,362 — 1,035 7,327 Florida 7,365 — 1,262 6,103 Michigan 6,805 — 1,027 5,778 |
Debt Securities Held to Maturity by Credit Rating [Table Text Block] | September 30, 2023 Dollars in thousands AAA AA A BBB Below Investment Grade Tax-exempt state and political subdivisions $ 14,940 $ 72,471 $ 7,304 $ — $ — 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 $ — $ — |
Held to Maturity Investments Classified by Contractual Maturity Date [Table Text Block] | Amortized Estimated Dollars in thousands Cost Fair Value Due in one year or less $ — $ — Due from one to five years — — Due from five to ten years 4,047 3,663 Due after ten years 90,668 78,785 Total $ 94,715 $ 82,448 |
Note 6 - Loans and Allowance _2
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, December 31, Dollars in thousands 2023 2022 Commercial $ 511,951 $ 501,844 Commercial real estate - owner occupied Professional & medical 157,549 120,872 Retail 170,535 188,196 Other 219,802 157,982 Commercial real estate - non-owner occupied Hotels & motels 180,112 141,042 Mini-storage 68,066 51,109 Multifamily 294,872 272,705 Retail 254,917 192,270 Other 419,062 347,242 Construction and development Land & land development 114,354 106,362 Construction 349,049 282,935 Residential 1-4 family real estate Personal residence 354,978 265,326 Rental - small loan 142,098 121,548 Rental - large loan 113,837 92,103 Home equity 81,967 71,986 Mortgage warehouse lines 114,734 130,390 Consumer 44,288 35,372 Other Credit cards 2,197 2,182 Overdrafts 4,551 1,352 Total loans, net of unearned fees 3,598,919 3,082,818 Less allowance for credit losses - loans 47,233 38,899 Loans, net $ 3,551,686 $ 3,043,919 |
Financing Receivable, Past Due [Table Text Block] | September 30, 2023 Past Due 90 days or more and Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current Accruing Commercial $ 3,060 $ 245 $ 207 $ 3,512 $ 508,439 $ 16 Commercial real estate - owner occupied Professional & medical 194 278 — 472 157,077 — Retail 120 92 131 343 170,192 — Other 98 — — 98 219,704 — Commercial real estate - non-owner occupied Hotels & motels — — — — 180,112 — Mini-storage — — — — 68,066 — Multifamily 265 — 94 359 294,513 — Retail — — 606 606 254,311 — Other 37 — — 37 419,025 — Construction and development Land & land development 1,544 — — 1,544 112,810 — Construction — — — — 349,049 — Residential 1-4 family real estate Personal residence 2,890 827 812 4,529 350,449 — Rental - small loan 645 200 126 971 141,127 — Rental - large loan — — 403 403 113,434 — Home equity 744 295 334 1,373 80,594 — Mortgage warehouse lines — — — — 114,734 — Consumer 346 103 97 546 43,742 1 Other Credit cards 35 2 11 48 2,149 11 Overdrafts — — — — 4,551 — Total $ 9,978 $ 2,042 $ 2,821 $ 14,841 $ 3,584,078 $ 28 December 31, 2022 Past Due 90 days or more and Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current Accruing Commercial $ 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 |
Financing Receivable, Nonaccrual [Table Text Block] | September 30, December 31, 2023 2022 Nonaccrual Nonaccrual with No with No Allowance for Allowance for Credit Losses Credit Losses Dollars in thousands Nonaccrual - Loans Nonaccrual - Loans Commercial $ 767 $ 10 $ 93 $ 48 Commercial real estate - owner occupied Professional & medical 131 — — — Retail 421 — 350 — Other 371 — 423 — Commercial real estate - non-owner occupied Hotels & motels — — — — Mini-storage — — — — Multifamily 553 — 538 — Retail 4,925 3,746 439 — Other — — — — Construction and development Land & land development 750 — 852 — Construction — — — — Residential 1-4 family real estate Personal residence 1,959 — 2,892 — Rental - small loan 1,943 169 2,066 — Rental - large loan 403 — — — Home equity 482 — 158 — Mortgage warehouse lines — — — — Consumer 113 — — — Other Credit cards — — — — Overdrafts — — — — Total $ 12,818 $ 3,925 $ 7,811 $ 48 |
Financing Receivable, Modified [Table Text Block] | For the Three Months Ended September 30, 2023 Combination Term Extension % of Total Payment Term and Class of Dollars in thousands Delay Extension Payment Delay Total Loans Commercial real estate - owner occupied Other $ — $ 36 $ — $ 36 0.0 % Commercial real estate - non-owner occupied Retail — 397 — 397 0.2 % Residential 1-4 family real estate Rental - small loan — 191 — 191 0.1 % Total $ — $ 624 $ — $ 624 0.0 % For the Nine Months Ended September 30, 2023 Combination Term Extension % of Total Payment Term and Class of Dollars in thousands Delay Extension Payment Delay Total Loans Commercial $ — $ 22,400 $ — $ 22,400 4.4 % Commercial real estate - owner occupied Other — 36 — 36 0.0 % Commercial real estate - non-owner occupied Retail — 397 — 397 0.2 % Residential 1-4 family real estate Personal residence 109 7 66 182 0.1 % Rental - small loan — 360 — 360 0.3 % Total $ 109 $ 23,200 $ 66 $ 23,375 0.6 % |
Financing Receivable, Financial Effect of Modifications [Table Text Block] | For the Three Months Ended September 30, 2023 Weighted-Average Weighted-Average Payment Delay Term Extension Dollars in thousands in Months in Months Commercial real estate - owner occupied Other — 12 Commercial real estate - non-owner occupied Retail — 20 Residential 1-4 family real estate Rental - small loan — 20 For the Nine Months Ended September 30, 2023 Weighted-Average Weighted-Average Payment Delay Term Extension Dollars in thousands in Months in Months Commercial — 8 Commercial real estate - owner occupied Other — 12 Commercial real estate - non-owner occupied Retail — 20 Residential 1-4 family real estate Personal residence 8 7 Rental - small loan — 16 |
Financing Receivable, Modified, Amortized Cost [Table Text Block] | September 30, 2023 Combination Term Extension and Dollars in thousands Term Extension Payment Delay Commercial $ 278 $ — Residential 1-4 family real estate Personal residence 7 66 Rental - small loan 169 — Total $ 454 $ 66 |
Financing Receivable, Modified, Age Analysis [Table Text Block] | September 30, 2023 Past Due 90 Days Dollars in thousands Current 30-59 Days 60-89 Days or More Total Commercial $ 22,400 $ — $ — $ — $ 22,400 Commercial real estate - owner occupied Other 36 — — — 36 Commercial real estate - non-owner occupied Retail 397 — — — 397 Residential 1-4 family real estate Personal residence 175 7 — — 182 Rental - small loan 191 169 — — 360 Total $ 23,199 $ 176 $ — $ — $ 23,375 |
Financing Receivable Credit Quality Indicators [Table Text Block] | September 30, 2023 Revolvi- Revolving- Dollars in thousands Risk Rating 2023 2022 2021 2020 2019 Prior ng Term Total Commercial Pass $ 26,303 $ 138,691 $ 67,865 $ 20,007 $ 16,937 $ 11,197 $ 203,876 $ — $ 484,876 Special Mention 421 477 217 255 44 1,921 1,089 — 4,424 Substandard 59 53 22,469 — 10 5 55 — 22,651 Total Commercial 26,783 139,221 90,551 20,262 16,991 13,123 205,020 — 511,951 Current Period Charge-Offs — — (1 ) — — — (19 ) — (20 ) Commercial Real Estate - Owner Occupied Professional & medical Pass 16,663 20,628 53,775 9,806 7,731 44,593 2,101 — 155,297 Special Mention — — — 1,099 — 877 — — 1,976 Substandard — — — 68 — 208 — — 276 Total Professional & Medical 16,663 20,628 53,775 10,973 7,731 45,678 2,101 — 157,549 Current Period Charge-Offs — — — — — (3 ) — — (3 ) Retail Pass 2,015 23,157 67,924 12,019 24,894 35,064 3,193 — 168,266 Special Mention — — — — — 1,870 — — 1,870 Substandard — — — — — 399 — — 399 Total Retail 2,015 23,157 67,924 12,019 24,894 37,333 3,193 — 170,535 Current Period Charge-Offs — — — — — — — — — Other Pass 22,285 49,419 37,308 25,994 15,769 61,802 4,140 — 216,717 Special Mention — — 54 — 130 1,717 — — 1,901 Substandard — — — — 367 781 36 — 1,184 Total Other 22,285 49,419 37,362 25,994 16,266 64,300 4,176 — 219,802 Current Period Charge-Offs — — — — — (28 ) — — (28 ) Total Commercial Real Estate - Owner Occupied 40,963 93,204 159,061 48,986 48,891 147,311 9,470 — 547,886 Commercial Real Estate - Non-Owner Occupied Hotels & motels Pass 15,761 38,161 12,058 9,218 54,098 29,442 4,250 — 162,988 Special Mention — — — — — — — — — Substandard — — — 2,660 14,259 205 — — 17,124 Total Hotels & Motels 15,761 38,161 12,058 11,878 68,357 29,647 4,250 — 180,112 Current Period Charge-Offs — — — — — — — — — Mini-storage Pass 941 23,010 12,041 5,264 4,342 22,427 — — 68,025 Special Mention — — — — — 41 — — 41 Substandard — — — — — — — — — Total Mini-storage 941 23,010 12,041 5,264 4,342 22,468 — — 68,066 Current Period Charge-Offs — — — — — — — — — Multifamily Pass 6,485 68,662 72,761 52,991 21,585 70,641 1,194 — 294,319 Special Mention — — — — — — — — — Substandard — — — 409 — 144 — — 553 Total Multifamily 6,485 68,662 72,761 53,400 21,585 70,785 1,194 — 294,872 Current Period Charge-Offs — — — — — — — — — September 30, 2023 Revolvi- Revolving- Dollars in thousands Risk Rating 2023 2022 2021 2020 2019 Prior ng Term Total Retail Pass 37,452 52,894 58,034 50,435 10,801 36,470 3,540 — 249,626 Special Mention — — 66 — — 907 — — 973 Substandard — — — — 3,746 572 — — 4,318 Total Retail 37,452 52,894 58,100 50,435 14,547 37,949 3,540 — 254,917 Current Period Charge-Offs — — — — (3,658 ) — — — (3,658 ) Other Pass 44,744 104,621 115,570 56,980 15,722 58,943 9,258 — 405,838 Special Mention — 5,470 — — — 176 — — 5,646 Substandard — — — — 2,220 5,358 — — 7,578 Total Other 44,744 110,091 115,570 56,980 17,942 64,477 9,258 — 419,062 Current Period Charge-Offs — — — — — — — — — Total Commercial Real Estate - Non-Owner Occupied 105,383 292,818 270,530 177,957 126,773 225,326 18,242 — 1,217,029 Construction and Development Land & land development Pass 23,963 26,467 21,003 9,446 4,104 17,331 10,130 — 112,444 Special Mention — — — 146 156 433 — — 735 Substandard — — — — — 1,175 — — 1,175 Total Land & land development 23,963 26,467 21,003 9,592 4,260 18,939 10,130 — 114,354 Current Period Charge-Offs — — — — — — — — — Construction Pass 40,007 89,228 176,164 41,738 — 1,315 597 — 349,049 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total Construction 40,007 89,228 176,164 41,738 — 1,315 597 — 349,049 Current Period Charge-Offs — — — — — — — — — Total Construction and Development 63,970 115,695 197,167 51,330 4,260 20,254 10,727 — 463,403 Residential 1-4 Family Real Estate Personal residence Pass 39,162 66,833 55,930 32,526 16,831 125,352 — — 336,634 Special Mention 218 16 51 — 176 9,415 — — 9,876 Substandard — — 66 — 585 7,817 — — 8,468 Total Personal Residence 39,380 66,849 56,047 32,526 17,592 142,584 — — 354,978 Current Period Charge-Offs — — — — — (48 ) — — (48 ) Rental - small loan Pass 13,488 22,572 28,603 12,225 11,905 41,179 6,426 — 136,398 Special Mention — 283 220 100 186 2,178 — — 2,967 Substandard — 150 — — — 2,481 102 — 2,733 Total Rental - Small Loan 13,488 23,005 28,823 12,325 12,091 45,838 6,528 — 142,098 Current Period Charge-Offs — — — — — — — — — Rental - large loan Pass 6,417 41,684 36,020 10,256 2,389 9,728 2,746 — 109,240 Special Mention — — — — — 3,551 — — 3,551 Substandard — 643 — — — 403 — — 1,046 Total Rental - Large Loan 6,417 42,327 36,020 10,256 2,389 13,682 2,746 — 113,837 Current Period Charge-Offs — — — — — — — — — Home equity Pass 108 152 605 123 54 2,252 76,154 — 79,448 Special Mention — — — — 18 612 1,027 — 1,657 Substandard — — 25 13 37 561 226 — 862 Total Home Equity 108 152 630 136 109 3,425 77,407 — 81,967 Current Period Charge-Offs — — — — — — — — — Total Residential 1-4 Family Real Estate 59,393 132,333 121,520 55,243 32,181 205,529 86,681 — 692,880 September 30, 2023 Revolvi- Revolving- Dollars in thousands Risk Rating 2023 2022 2021 2020 2019 Prior ng Term Total Mortgage warehouse lines Pass — — — — — — 114,734 — 114,734 Total Mortgage Warehouse Lines — — — — — — 114,734 — 114,734 Current Period Charge-Offs — — — — — — — — — Consumer Pass 18,463 13,107 4,809 1,960 904 1,373 953 — 41,569 Special Mention 1,007 864 206 145 48 85 3 — 2,358 Substandard 67 183 63 2 19 2 25 — 361 Total Consumer 19,537 14,154 5,078 2,107 971 1,460 981 — 44,288 Current Period Charge-Offs (58 ) (115 ) (10 ) (10 ) — (7 ) — — (200 ) Other Credit cards Pass 2,197 — — — — — — — 2,197 Total Credit Cards 2,197 — — — — — — — 2,197 Current Period Charge-Offs (80 ) — — — — — — — (80 ) Overdrafts Pass 4,551 — — — — — — — 4,551 Total Overdrafts 4,551 — — — — — — — 4,551 Current Period Charge-Offs (363 ) — — — — — — — (363 ) Total Other 6,748 — — — — — — — 6,748 Total $ 322,777 $ 787,425 $ 843,907 $ 355,885 $ 230,067 $ 613,003 $ 445,855 $ — $ 3,598,919 Total Charge-Offs $ (501 ) $ (115 ) $ (11 ) $ (10 ) $ (3,658 ) $ (86 ) $ (19 ) $ — $ (4,400 ) December 31, 2022 Revolvi- Revolving- Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior ng 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 December 31, 2022 Revolvi- Revolving- Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior ng Term Total 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 Substandard — — — — — — — — — 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 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 Special Mention — — — — — — — — — 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 December 31, 2022 Revolvi- Revolving- Dollars in thousands Risk Rating 2022 2021 2020 2019 2018 Prior ng Term Total 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 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 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | For the Three Months Ended September 30, 2023 Allowance for Credit Losses - Loans Provision for Credit Beginning Losses - Charge- Ending Dollars in thousands Balance Loans offs Recoveries Balance Commercial $ 4,708 $ (159 ) $ — $ 5 $ 4,554 Commercial real estate - owner occupied Professional & medical 1,169 24 — — 1,193 Retail 1,183 (459 ) — — 724 Other 638 9 (27 ) — 620 Commercial real estate - non-owner occupied Hotels & motels 1,790 1,071 — — 2,861 Mini-storage 86 13 — — 99 Multifamily 3,545 (136 ) — 1 3,410 Retail 2,271 (43 ) — 19 2,247 Other 3,363 (574 ) — 3 2,792 Construction and development Land & land development 4,688 17 — 2 4,707 Construction 12,418 1,009 — — 13,427 Residential 1-4 family real estate Personal residence 3,221 (17 ) — 13 3,217 Rental - small loan 2,175 (70 ) — 7 2,112 Rental - large loan 3,376 (172 ) — — 3,204 Home equity 544 170 — 8 722 Mortgage warehouse lines — — — — — Consumer 210 16 (49 ) 26 203 Other Credit cards 23 10 (12 ) 4 25 Overdrafts 273 961 (138 ) 20 1,116 Total $ 45,681 $ 1,670 $ (226 ) $ 108 $ 47,233 For the Three Months Ended September 30, 2022 Allowance for Credit Losses - Loans Provision for Credit Beginning Losses - Charge- Ending Dollars in thousands Balance Loans offs Recoveries Balance Commercial $ 4,545 $ 531 $ (35 ) $ 77 $ 5,118 Commercial real estate - owner occupied Professional & medical 1,180 (231 ) — — 949 Retail 1,597 82 (108 ) — 1,571 Other 457 (4 ) — — 453 Commercial real estate - non-owner occupied Hotels & motels 1,159 93 — — 1,252 Mini-storage 97 (11 ) — — 86 Multifamily 2,330 (118 ) — — 2,212 Retail 1,891 (560 ) — 52 1,383 Other 2,103 48 — 30 2,181 Construction and development Land & land development 3,600 (95 ) — 2 3,507 Construction 8,208 1,644 — — 9,852 Residential 1-4 family real estate Personal residence 2,669 4 (21 ) 13 2,665 Rental - small loan 2,097 (124 ) (4 ) 12 1,981 Rental - large loan 2,181 442 — — 2,623 Home equity 399 17 — 11 427 Mortgage warehouse lines — — — — — Consumer 254 (61 ) (47 ) 30 176 Other Credit cards 17 (7 ) (6 ) 13 17 Overdrafts 279 45 (44 ) 17 297 Total $ 35,063 $ 1,695 $ (265 ) $ 257 $ 36,750 For the Nine Months Ended September 30, 2023 Allowance for Credit Losses - Loans Provision for Credit Adjustment for Beginning Losses - PCD Charge- Ending Dollars in thousands Balance Loans Acquired Loans offs Recoveries Balance Commercial $ 4,941 $ (376 ) $ — $ (20 ) $ 9 $ 4,554 Commercial real estate - owner occupied Professional & medical 966 201 29 (3 ) — 1,193 Retail 1,176 (535 ) 82 — 1 724 Other 426 (162 ) 384 (28 ) — 620 Commercial real estate - non-owner occupied Hotels & motels 1,203 1,658 — — — 2,861 Mini-storage 82 17 — — — 99 Multifamily 2,907 498 1 — 4 3,410 Retail 1,362 4,349 99 (3,658 ) 95 2,247 Other 2,452 (301 ) 632 — 9 2,792 Construction and development Land & land development 3,482 1,218 1 — 6 4,707 Construction 11,138 2,289 — — — 13,427 Residential 1-4 family real estate Personal residence 2,939 163 68 (48 ) 95 3,217 Rental - small loan 1,907 114 68 — 23 2,112 Rental - large loan 2,668 535 1 — — 3,204 Home equity 705 (152 ) 130 — 39 722 Mortgage warehouse lines — — — — — — Consumer 174 123 — (200 ) 106 203 Other Credit cards 17 82 — (80 ) 6 25 Overdrafts 354 1,064 — (363 ) 61 1,116 Total $ 38,899 $ 10,785 $ 1,495 $ (4,400 ) $ 454 $ 47,233 For the Nine Months Ended September 30, 2022 Allowance for Credit Losses - Loans Provision for Credit Beginning Losses - Charge- Ending Dollars in thousands Balance Loans offs Recoveries Balance Commercial $ 3,218 $ 1,990 $ (237 ) $ 147 $ 5,118 Commercial real estate - owner occupied Professional & medical 1,092 (143 ) — — 949 Retail 1,362 316 (108 ) 1 1,571 Other 575 (122 ) — — 453 Commercial real estate - non-owner occupied Hotels & motels 2,532 (1,280 ) — — 1,252 Mini-storage 133 (47 ) — — 86 Multifamily 1,821 387 — 4 2,212 Retail 1,074 254 — 55 1,383 Other 1,820 325 — 36 2,181 Construction and development Land & land development 3,468 104 (72 ) 7 3,507 Construction 6,346 3,506 — — 9,852 Residential 1-4 family real estate Personal residence 2,765 (38 ) (105 ) 43 2,665 Rental - small loan 2,834 (683 ) (196 ) 26 1,981 Rental - large loan 2,374 249 — — 2,623 Home equity 497 (82 ) (8 ) 20 427 Mortgage warehouse lines — — — — — Consumer 163 55 (121 ) 79 176 Other Credit cards 17 9 (24 ) 15 17 Overdrafts 207 328 (318 ) 80 297 Total $ 32,298 $ 5,128 $ (1,189 ) $ 513 $ 36,750 For the Twelve Months Ended December 31, 2022 Allowance for Credit Losses - Loans Provision for Credit Beginning Losses - Charge- Ending Dollars in thousands Balance Loans offs Recoveries Balance Commercial $ 3,218 $ 1,774 $ (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 |
Impaired Financing Receivables [Table Text Block] | September 30, 2023 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 $ 22,226 $ 489,725 $ 511,951 $ 5 $ 4,549 $ 4,554 Commercial real estate - owner occupied Professional & medical — 157,549 157,549 — 1,193 1,193 Retail — 170,535 170,535 — 724 724 Other — 219,802 219,802 — 620 620 Commercial real estate - non-owner occupied Hotels & motels 17,124 162,988 180,112 1,477 1,384 2,861 Mini-storage — 68,066 68,066 — 99 99 Multifamily — 294,872 294,872 — 3,410 3,410 Retail 4,718 250,199 254,917 79 2,168 2,247 Other 7,855 411,207 419,062 223 2,569 2,792 Construction and development Land & land development 750 113,604 114,354 503 4,204 4,707 Construction — 349,049 349,049 — 13,427 13,427 Residential 1-4 family real estate Personal residence — 354,978 354,978 — 3,217 3,217 Rental - small loan 1,274 140,824 142,098 198 1,914 2,112 Rental - large loan 1,275 112,562 113,837 — 3,204 3,204 Home equity — 81,967 81,967 — 722 722 Mortgage warehouse lines — 114,734 114,734 — — — Consumer — 44,288 44,288 — 203 203 Other Credit cards — 2,197 2,197 — 25 25 Overdrafts — 4,551 4,551 — 1,116 1,116 Total $ 55,222 $ 3,543,697 $ 3,598,919 $ 2,485 $ 44,748 $ 47,233 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 |
Collateral Dependent Financing Receivables and Allowance for Credit Losses on Collateral Dependent Financing Receivables [Table Text Block] | September 30, 2023 Real Estate Allowance for Secured Non-Real Estate Credit Losses Dollars in thousands Loans Secured Loans Total Loans - Loans Commercial $ — $ 22,226 $ 22,226 $ 5 Commercial real estate - owner occupied Professional & medical — — — — Retail — — — — Other — — — — Commercial real estate - non-owner occupied Hotels & motels 17,124 — 17,124 1,477 Mini-storage — — — — Multifamily — — — — Retail 4,718 — 4,718 79 Other 7,855 — 7,855 223 Construction and development Land & land development 750 — 750 503 Construction — — — — Residential 1-4 family real estate Personal residence — — — — Rental - small loan 1,274 — 1,274 198 Rental - large loan 1,275 — 1,275 — Home equity — — — — Consumer — — — — Other Credit cards — — — — Overdrafts — — — — Total $ 32,996 $ 22,226 $ 55,222 $ 2,485 December 31, 2022 Real Estate Allowance for Secured Non-Real Estate Credit Losses Dollars in thousands Loans Secured Loans Total Loans - 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 |
Note 7 - Goodwill and Other I_2
Note 7 - Goodwill and Other Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | Goodwill Activity Dollars in thousands September 30, 2023 Balance, January 1, 2023 $ 55,347 Reclassifications from goodwill — Acquired goodwill 687 Balance, June 30, 2023 $ 56,034 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Other Intangible Assets Dollars in thousands September 30, 2023 December 31, 2022 Identifiable intangible assets Gross carrying amount $ 30,755 $ 15,828 Less: accumulated amortization 11,364 9,025 Net carrying amount $ 19,391 $ 6,803 |
Finite-Lived Intangible Assets Amortization Expense [Table Text Block] | Core Deposit Dollars in thousands Intangible Three month period ending December 31, 2023 $ 996 Year ending December 31, 2024 3,669 Year ending December 31, 2025 3,258 Year ending December 31, 2026 2,846 Year ending December 31, 2027 2,433 Thereafter 6,119 |
Note 8 - Deposits (Tables)
Note 8 - Deposits (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | September 30, December 31, Dollars in thousands 2023 2022 Demand deposits, interest bearing $ 2,144,737 $ 1,743,299 Savings deposits 477,348 496,751 Time deposits 502,355 376,213 Total $ 3,124,440 $ 2,616,263 |
Time Deposit Maturities [Table Text Block] | Dollars in thousands Three month period ending December 31, 2023 $ 89,347 Year ending December 31, 2024 321,856 Year ending December 31, 2025 48,873 Year ending December 31, 2026 22,261 Year ending December 31, 2027 10,135 Thereafter 9,883 Total $ 502,355 |
Note 9 - Borrowed Funds (Tables
Note 9 - Borrowed Funds (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Short-Term Debt [Table Text Block] | Nine Months Ended September 30, 2023 2022 Dollars in thousands Short-term FHLB Advances Federal Funds Purchased and Short-term Repurchase Agreements Short-term FHLB Advances Federal Funds Purchased and Short-term Repurchase Agreements Balance at September 30 $ 257,900 $ 154 $ 273,000 $ 148 Average balance outstanding for the period 203,008 11,314 179,667 146 Maximum balance outstanding at any month end during period 268,000 20,531 291,300 148 Weighted average interest rate for the period (1) 5.39 % 2.35 % 1.48 % 1.20 % Weighted average interest rate for balances outstanding at September 30 (1) 5.67 % 5.50 % 3.06 % 3.25 % (1) Excludes effect of any hedging activity Year Ended December 31, 2022 Dollars in thousands Short-term FHLB Advances Federal Funds Purchased and Short-term Repurchase Agreements Balance at December 31 $ 225,850 $ 149 Average balance outstanding for the period 204,118 147 Maximum balance outstanding at any month end during period 298,900 149 Weighted average interest rate for the period (1) 2.37 % 1.87 % Weighted average interest rate for balances outstanding at December 31 (1) 4.47 % 4.50 % (1) Excludes effect of any hedging activity |
Schedule of Maturities of Long-Term Debt [Table Text Block] | Subordinated debentures owed Long-term Subordinated to unconsolidated Dollars in thousands borrowings debentures subsidiary trusts Year Ending December 31, 2023 $ 6 $ — $ — 2024 23 — — 2025 24 — — 2026 589 — — 2027 — — — Thereafter — 105,000 19,589 $ 642 $ 105,000 $ 19,589 |
Note 10 - Share-based Compens_2
Note 10 - Share-based Compensation (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 2023 grant with 7 year expiration 2023 grant with 5 year expiration Risk-free interest rate 3.79 % 3.87 % Expected dividend yield 3.00 % 3.00 % Expected common stock volatility 40.76 % 40.76 % Expected life (in years) 7 6.5 |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | For the Nine Months Ended September 30, 2023 Aggregate Remaining Weighted- Intrinsic Value Contractual Average Options/SARs (in thousands) Term (Yrs.) Exercise Price Outstanding, January 1 473,212 $ 21.36 Granted 176,384 26.37 Exercised (1,000 ) 12.01 Forfeited (41,529 ) 23.86 Expired — — Outstanding, September 30 607,067 $ 1,001 6.33 $ 22.66 Exercisable, September 30 302,923 $ 931 4.28 $ 20.70 For the Nine Months Ended September 30, 2022 Aggregate Remaining Weighted- Intrinsic Value Contractual Average Options/SARs (in thousands) Term (Yrs.) Exercise Price Outstanding, January 1 491,792 $ 21.32 Granted — — Exercised (14,996 ) 19.46 Forfeited — — Expired — — Outstanding, September 30 476,796 $ 2,651 6.24 $ 21.38 Exercisable, September 30 262,622 $ 1,724 4.86 $ 20.38 |
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | RSUs Weighted Average Grant Date Fair Value Nonvested, December 31, 2022 7,204 $ 20.49 Granted — — Forfeited (1,321 ) 18.93 Vested (2,749 ) 18.19 Nonvested, September 30, 2023 3,134 $ 23.17 RSUs Weighted Average Grant Date Fair Value Nonvested, December 31, 2021 13,015 $ 21.24 Granted — — Forfeited (313 ) 26.63 Vested (5,246 ) 22.24 Nonvested, September 30, 2022 7,456 $ 20.31 |
Note 11 - Commitments and Con_2
Note 11 - Commitments and Contingencies (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block] | September 30, Dollars in thousands 2023 Commitments to extend credit: Revolving home equity and credit card lines $ 120,411 Construction loans 257,768 Other loans 508,399 Standby letters of credit 56,930 Total $ 943,508 |
Note 13 - Regulatory Matters (T
Note 13 - Regulatory Matters (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Actual Minimum Required Capital - Basel III Minimum Required To Be Well Capitalized Dollars in thousands Amount Ratio Amount Ratio Amount Ratio As of September 30, 2023 CET1 (to risk weighted assets) Summit $ 356,427 8.9 % $ 280,971 7.0 % N/A N/A Summit Community 462,461 11.6 % 280,274 7.0 % 260,255 6.5 % Tier I Capital (to risk weighted assets) Summit 390,348 9.7 % 341,179 8.5 % N/A N/A Summit Community 462,461 11.6 % 340,333 8.5 % 320,313 8.0 % Total Capital (to risk weighted assets) Summit 541,243 13.5 % 421,456 10.5 % N/A N/A Summit Community 509,696 12.7 % 422,901 10.5 % 402,762 10.0 % Tier I Capital (to average assets) Summit 390,348 8.5 % 183,316 4.0 % N/A N/A Summit Community 462,461 10.1 % 182,401 4.0 % 228,001 5.0 % Actual Minimum Required Capital - Basel III Minimum Required To Be Well Capitalized Dollars in thousands Amount Ratio Amount Ratio Amount Ratio As of December 31, 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 % |
Note 14 - Derivative Financia_2
Note 14 - Derivative Financial Instruments (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Interest Rate Derivatives [Table Text Block] | September 30, 2023 Derivative Fair Value Net Ineffective Dollars in thousands Notional Amount Asset Liability Hedge Gains/(Losses) CASH FLOW HEDGES Pay-fixed/receive-variable interest rate swaps Short term borrowings $ 140,000 $ 2,404 $ — $ — Interest rate cap hedging: Short term borrowings $ 100,000 $ 21,822 $ — $ — Indexed interest bearing demand deposit accounts 100,000 8,993 — — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 16,353 $ 869 $ — $ — Available for sale taxable municipal securities 71,245 10,439 — (3 ) Total $ 427,598 $ 44,527 $ — $ (3 ) 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 Short term borrowings $ 40,000 $ 1,871 $ — $ — Interest rate cap 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 Commercial real estate loans $ 16,876 $ 911 $ — $ — Available for sale taxable municipal securities 71,245 7,123 — (12 ) Total $ 328,121 $ 40,506 $ — $ (12 ) |
Note 15 - Accumulated Other C_2
Note 15 - Accumulated Other Comprehensive (Loss) Income (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | For the Three Months Ended September 30, 2023 Dollars in thousands Gains and (Losses) on Pension Plan Gains and (Losses) on Other Post-Retirement Benefits Gains and (Losses) on Cash Flow Hedges Unrealized Gains (Losses) on Debt Securities Available for Sale Unrealized Gains (Losses) on Securities Fair Value Hedge Total Beginning balance $ (23 ) $ 172 $ 20,328 $ (35,046 ) $ 5,834 $ (8,735 ) Other comprehensive (loss) income before reclassification — — 1,582 (13,568 ) 2,095 (9,891 ) Amounts reclassified from accumulated other comprehensive loss, net of tax — — — 9 — 9 Net current period other comprehensive (loss) income — — 1,582 (13,559 ) 2,095 (9,882 ) Ending balance $ (23 ) $ 172 $ 21,910 $ (48,605 ) $ 7,929 $ (18,617 ) For the Three Months Ended September 30, 2022 Dollars in thousands Gains and (Losses) on Pension Plan Gains and (Losses) on Other Post-Retirement Benefits Gains and (Losses) on Cash Flow Hedges Unrealized Gains (Losses) on Debt Securities Available for Sale Unrealized Gains (Losses) on Securities Fair Value Hedge Total Beginning balance $ 30 $ 9 $ 15,885 $ (26,916 ) $ 3,518 $ (7,474 ) Other comprehensive (loss) income before reclassification — — 5,706 (12,342 ) 2,251 (4,385 ) Amounts reclassified from accumulated other comprehensive loss, net of tax — — — 184 — 184 Net current period other comprehensive (loss) income — — 5,706 (12,158 ) 2,251 (4,201 ) Ending balance $ 30 $ 9 $ 21,591 $ (39,074 ) $ 5,769 $ (11,675 ) For the Nine Months Ended September 30, 2023 Dollars in thousands Gains and (Losses) on Pension Plan Gains and (Losses) on Other Post-Retirement Benefits Gains and (Losses) on Cash Flow Hedges Unrealized Gains/(Losses) on Debt Securities Available for Sale Unrealized Gains on Securities Fair Value Hedge Total Beginning balance $ (23 ) $ 172 $ 20,867 $ (37,902 ) $ 5,407 $ (11,479 ) Other comprehensive (loss) income before reclassification — — 1,043 (10,917 ) 2,522 (7,352 ) Amounts reclassified from accumulated other comprehensive loss, net of tax — — — 214 — 214 Net current period other comprehensive (loss) income — — 1,043 (10,703 ) 2,522 (7,138 ) Ending balance $ (23 ) $ 172 $ 21,910 $ (48,605 ) $ 7,929 $ (18,617 ) For the Nine Months Ended September 30, 2022 Dollars in thousands Gains and (Losses) on Pension Plan Gains and (Losses) on Other Post-Retirement Benefits Gains and (Losses) on Cash Flow Hedges Unrealized Gains/(Losses) on Debt Securities Available for Sale Unrealized Gains on Securities Fair Value Hedge Total Beginning balance $ 30 $ 9 $ 3,993 $ 1,868 $ (418 ) $ 5,482 Other comprehensive (loss) income before reclassification — — 17,598 (41,462 ) 6,187 (17,677 ) Amounts reclassified from accumulated other comprehensive loss, net of tax — — — 520 — 520 Net current period other comprehensive (loss) income — — 17,598 (40,942 ) 6,187 (17,157 ) Ending balance $ 30 $ 9 $ 21,591 $ (39,074 ) $ 5,769 $ (11,675 ) |
Note 16 - Income Taxes (Tables)
Note 16 - Income Taxes (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | For the Three Months Ended September 30, For the Nine Months Ended September 30, 2023 2022 2023 2022 Percent Percent Percent Percent Applicable statutory rate 21.0 % 21.0 % 21.0 % 21.0 % Increase (decrease) in rate resulting from: Tax-exempt interest and dividends, net (1.4 )% (1.5 )% (1.8 )% (1.4 )% State income taxes, net of Federal income tax benefit 2.7 % 1.9 % 2.2 % 2.0 % Low-income housing and rehabilitation tax credits (0.2 )% (0.3 )% (0.2 )% (0.3 )% Other, net 0.6 % — % 0.3 % — % Effective income tax rate 22.7 % 21.1 % 21.5 % 21.3 % |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | For the Three Months Ended September 30, For the Nine Months Ended September 30, Dollars in thousands 2023 2022 2023 2022 Current Federal $ 3,917 $ 3,617 $ 9,281 $ 8,644 State 684 480 1,409 1,180 4,601 4,097 10,690 9,824 Deferred Federal 169 (211 ) (103 ) 426 State 24 (30 ) (15 ) 61 193 (241 ) (118 ) 487 Total $ 4,794 $ 3,856 $ 10,572 $ 10,311 |
Note 17 - Revenue From Contra_2
Note 17 - Revenue From Contracts With Customers (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, Dollars in thousands 2023 2022 2023 2022 Service fees on deposit accounts $ 1,775 $ 1,550 $ 5,110 $ 4,625 Bank card revenue 1,907 1,639 5,462 4,748 Trust and wealth management fees 819 725 2,484 2,228 Other 151 165 349 348 Net revenue from contracts with customers 4,652 4,079 13,405 11,949 Non-interest income within the scope of other ASC topics 613 808 1,669 1,339 Total noninterest income $ 5,265 $ 4,887 $ 15,074 $ 13,288 |
Note 18 - Mergers and Acquisi_2
Note 18 - Mergers and Acquisitions (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Estimated Fair As Estimated Values as Recorded by Fair Value Recorded by Dollars in thousands Provident Adjustments Summit Cash consideration $ 595 Stock consideration 39,025 Total consideration 39,620 Identifiable assets acquired: Cash and cash equivalents $ 14,959 $ — $ 14,959 Securities available for sale, at fair value 122,734 — 122,734 Securities held to maturity 20,466 (2,275 ) 18,191 Loans — — — Purchased performing 363,446 (17,418 ) 346,028 Purchased credit deteriorated 18,473 (1,495 ) 16,978 Allowance for credit losses on loans (3,341 ) 3,341 — Premises and equipment 6,600 (425 ) 6,175 Core deposit intangibles — 14,928 14,928 Other assets 24,981 (3,799 ) 21,182 Total identifiable assets acquired $ 568,318 $ (7,143 ) $ 561,175 Identifiable liabilities assumed: Deposits 497,802 (249 ) 497,553 Short-term borrowings 17,650 — 17,650 Long-term borrowings 5,209 (66 ) 5,143 Other liabilities 7,284 (5,388 ) 1,896 Total identifiable liabilities assumed $ 527,945 $ (5,703 ) $ 522,242 Net identifiable assets acquired $ 40,373 $ (1,440 ) $ 38,933 Preliminary goodwill resulting from acquisition $ 687 |
Financing Receivable, Purchased with Credit Deterioration [Table Text Block] | For the Nine Months Ended September 30, Dollars in thousands 2023 Purchase price of PCD loans at acquisition $ 18,473 Allowance for credit losses - loans at acquisition 1,495 Non-credit discount at acquisition 729 Par value of PCD loans at acquisition $ 16,249 |
Note 3 - Fair Value Measureme_3
Note 3 - Fair Value Measurements - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | |
Debt securities available for sale (at fair value) | $ 511,403 | $ 405,201 | [1] |
Equity investments (at fair value) | 31,241 | 29,494 | [1] |
Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 511,403 | 405,201 | |
Equity investments (at fair value) | 31,241 | 29,494 | |
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) | 26,988 | 25,766 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 511,403 | 403,361 | |
Equity investments (at fair value) | 4,253 | 3,728 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 1,840 | |
Equity investments (at fair value) | 0 | 0 | |
US Government Corporations and Agencies Securities [Member] | |||
Debt securities available for sale (at fair value) | 25,955 | 20,219 | |
US Government Corporations and Agencies Securities [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 25,955 | 20,219 | |
US Government Corporations and Agencies Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
US Government Corporations and Agencies Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 25,955 | 20,219 | |
US Government Corporations and Agencies Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Government Sponsored Agencies [Member] | |||
Debt securities available for sale (at fair value) | 127,369 | 51,456 | |
Government Sponsored Agencies [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 127,369 | 51,456 | |
Government Sponsored Agencies [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Government Sponsored Agencies [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 127,369 | 51,456 | |
Government Sponsored Agencies [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Nongovernment Sponsored Agencies [Member] | |||
Debt securities available for sale (at fair value) | 72,322 | 61,617 | |
Nongovernment Sponsored Agencies [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 72,322 | 61,617 | |
Nongovernment Sponsored Agencies [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Nongovernment Sponsored Agencies [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 72,322 | 61,617 | |
Nongovernment Sponsored Agencies [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 89,716 | 93,067 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 89,716 | 93,067 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Corporate Debt Securities [Member] | |||
Debt securities available for sale (at fair value) | 37,130 | 31,628 | |
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 37,130 | 31,628 | |
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 37,130 | 29,788 | |
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 1,840 | |
Asset-Backed Securities [Member] | |||
Debt securities available for sale (at fair value) | 46,258 | 19,476 | |
Asset-Backed Securities [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 46,258 | 19,476 | |
Asset-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Asset-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 46,258 | 19,476 | |
Asset-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Tax Exempt Debt Securities U.S. States And Political Subdivisions [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 112,653 | 127,738 | |
Tax Exempt Debt Securities U.S. States And Political Subdivisions [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Tax Exempt Debt Securities U.S. States And Political Subdivisions [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 112,653 | 127,738 | |
Tax Exempt Debt Securities U.S. States And Political Subdivisions [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Interest Rate Cap [Member] | Fair Value, Recurring [Member] | |||
Derivative financial assets | 30,815 | 30,601 | |
Interest Rate Cap [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Derivative financial assets | 0 | 0 | |
Interest Rate Cap [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Derivative financial assets | 30,815 | 30,601 | |
Interest Rate Cap [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Derivative financial assets | 0 | 0 | |
Interest Rate Swap [Member] | Fair Value, Recurring [Member] | |||
Derivative financial assets | 13,712 | 9,905 | |
Interest Rate Swap [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Derivative financial assets | 0 | 0 | |
Interest Rate Swap [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Derivative financial assets | 13,712 | 9,905 | |
Interest Rate Swap [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Derivative financial assets | $ 0 | $ 0 | |
[1]Derived from audited consolidated financial statements |
Note 3 - Fair Value Measureme_4
Note 3 - Fair Value Measurements - Schedule of Fair Value, Assets and Liabilities Measured on Nonrecurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Residential mortgage loans held for sale | $ 209 | $ 0 |
Collateral-dependent loans with an ACLL | 14,211 | 3,583 |
Property held for sale | 4,408 | 4,777 |
Commercial Loan [Member] | ||
Collateral-dependent loans with an ACLL | 42 | |
Commercial Real Estate Portfolio Segment [Member] | ||
Collateral-dependent loans with an ACLL | 13,548 | 3,051 |
Property held for sale | 297 | 297 |
Construction and Development Financial Receivable [Member] | ||
Collateral-dependent loans with an ACLL | 248 | 350 |
Property held for sale | 4,111 | 4,480 |
Residential Real Estate Financial Receivable [Member] | ||
Collateral-dependent loans with an ACLL | 373 | 182 |
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 Loan [Member] | ||
Collateral-dependent loans with an ACLL | 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 |
Fair Value, Inputs, Level 2 [Member] | ||
Residential mortgage loans held for sale | 209 | 0 |
Collateral-dependent loans with an ACLL | 14,211 | 3,583 |
Property held for sale | 4,408 | 4,777 |
Fair Value, Inputs, Level 2 [Member] | Commercial Loan [Member] | ||
Collateral-dependent loans with an ACLL | 42 | |
Fair Value, Inputs, Level 2 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Collateral-dependent loans with an ACLL | 13,548 | 3,051 |
Property held for sale | 297 | 297 |
Fair Value, Inputs, Level 2 [Member] | Construction and Development Financial Receivable [Member] | ||
Collateral-dependent loans with an ACLL | 248 | 350 |
Property held for sale | 4,111 | 4,480 |
Fair Value, Inputs, Level 2 [Member] | Residential Real Estate Financial Receivable [Member] | ||
Collateral-dependent loans with an ACLL | 373 | 182 |
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 Loan [Member] | ||
Collateral-dependent loans with an ACLL | 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 |
Note 3 - Fair Value Measureme_5
Note 3 - Fair Value Measurements - Carrying Values and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | |
Debt securities available for sale (at fair value) | $ 511,403 | $ 405,201 | [1] |
Tax-exempt state and political subdivisions | 94,715 | 96,163 | [1] |
Equity investments (at fair value) | 31,241 | 29,494 | [1] |
Cash surrender value of life insurance policies and annuities | 85,076 | 71,640 | [1] |
Derivative financial instruments | 44,527 | 40,506 | [1] |
Reported Value Measurement [Member] | |||
Cash and cash equivalents | 59,557 | 44,717 | |
Debt securities available for sale (at fair value) | 511,403 | 405,201 | |
Tax-exempt state and political subdivisions | 94,715 | 96,163 | |
Equity investments (at fair value) | 31,241 | 29,494 | |
Other investments | 19,579 | 16,029 | |
Loans, net | 3,551,686 | 3,043,919 | |
Accrued interest receivable | 19,789 | 15,866 | |
Cash surrender value of life insurance policies and annuities | 85,076 | 71,640 | |
Derivative financial instruments | 44,527 | 40,506 | |
Assets, Fair Value Disclosure | 4,417,573 | 3,763,535 | |
Deposits | 3,754,495 | 3,169,879 | |
Short-term borrowings | 258,054 | 225,999 | |
Long-term borrowings | 642 | 658 | |
Subordinated debentures | 103,661 | 103,296 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | |
Accrued interest payable | 4,464 | 2,357 | |
Financial Liabilities Fair Value Disclosure | 4,140,905 | 3,521,778 | |
Estimate of Fair Value Measurement [Member] | |||
Cash and cash equivalents | 59,557 | 44,717 | |
Debt securities available for sale (at fair value) | 511,403 | 405,201 | |
Tax-exempt state and political subdivisions | 82,448 | 86,627 | |
Equity investments (at fair value) | 31,241 | 29,494 | |
Other investments | 19,579 | 16,029 | |
Loans, net | 3,394,620 | 2,966,814 | |
Accrued interest receivable | 19,789 | 15,866 | |
Cash surrender value of life insurance policies and annuities | 85,076 | 71,640 | |
Derivative financial instruments | 44,527 | 40,506 | |
Assets, Fair Value Disclosure | 4,248,240 | 3,676,894 | |
Deposits | 3,751,560 | 3,166,762 | |
Short-term borrowings | 258,054 | 225,999 | |
Long-term borrowings | 638 | 667 | |
Subordinated debentures | 92,125 | 91,801 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | |
Accrued interest payable | 4,464 | 2,357 | |
Financial Liabilities Fair Value Disclosure | 4,126,430 | 3,507,175 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Cash and cash equivalents | 23,159 | 16,469 | |
Debt securities available for sale (at fair value) | 0 | 0 | |
Tax-exempt state and political subdivisions | 0 | 0 | |
Equity investments (at fair value) | 26,988 | 25,766 | |
Other investments | 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 | 50,147 | 42,235 | |
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 | 0 | 0 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Cash and cash equivalents | 36,398 | 28,248 | |
Debt securities available for sale (at fair value) | 511,403 | 403,361 | |
Tax-exempt state and political subdivisions | 82,448 | 86,627 | |
Equity investments (at fair value) | 4,253 | 3,728 | |
Other investments | 19,579 | 16,029 | |
Loans, net | 14,211 | 3,583 | |
Accrued interest receivable | 19,789 | 15,866 | |
Cash surrender value of life insurance policies and annuities | 85,076 | 71,640 | |
Derivative financial instruments | 44,527 | 40,506 | |
Assets, Fair Value Disclosure | 817,684 | 669,588 | |
Deposits | 3,751,560 | 3,166,762 | |
Short-term borrowings | 258,054 | 225,999 | |
Long-term borrowings | 638 | 667 | |
Subordinated debentures | 92,125 | 91,801 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | |
Accrued interest payable | 4,464 | 2,357 | |
Financial Liabilities Fair Value Disclosure | 4,126,430 | 3,507,175 | |
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) | 0 | 1,840 | |
Tax-exempt state and political subdivisions | 0 | 0 | |
Equity investments (at fair value) | 0 | 0 | |
Other investments | 0 | 0 | |
Loans, net | 3,380,409 | 2,963,231 | |
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 | 3,380,409 | 2,965,071 | |
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 | $ 0 | $ 0 | |
[1]Derived from audited consolidated financial statements |
Note 4 - Earnings Per Share (De
Note 4 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Stock Appreciation Rights (SARs) [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 522,407 | 105,467 | 522,407 | 105,467 |
Note 4 - Earnings Per Share - S
Note 4 - Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Net income | $ 16,332 | $ 14,423 | $ 38,642 | $ 38,130 |
Less preferred stock dividends | (225) | (225) | (675) | (675) |
Basic earnings per share | $ 16,107 | $ 14,198 | $ 37,967 | $ 37,455 |
Basic earnings per share (in shares) | 14,672,176 | 12,766,473 | 14,048,567 | 12,755,576 |
Basic earnings per common share (in dollars per share) | $ 1.1 | $ 1.11 | $ 2.7 | $ 2.94 |
Diluted earnings per share | $ 16,107 | $ 14,198 | $ 37,967 | $ 37,455 |
Diluted earnings per share (in shares) | 14,714,211 | 12,835,760 | 14,090,797 | 12,815,982 |
Diluted earnings per common share (in dollars per share) | $ 1.09 | $ 1.11 | $ 2.69 | $ 2.92 |
Stock Appreciation Rights [Member] | ||||
Incremental Common Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements (in shares) | 40,584 | 65,915 | 39,330 | 56,035 |
Restricted Stock Units [Member] | ||||
Incremental Common Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements (in shares) | 1,451 | 3,372 | 2,900 | 4,371 |
Note 5 - Debt Securities (Detai
Note 5 - Debt Securities (Details Textual) | 9 Months Ended | |||
Sep. 30, 2023 USD ($) | Sep. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | ||
Accrued Interest Receivable Debt Securities Available for Sale | $ 3,400,000 | $ 3,000,000 | ||
Debt Securities, Available-for-Sale | 511,403,000 | 405,201,000 | [1] | |
Debt Securities, Available-for-Sale, Allowance for Credit Loss | 0 | |||
Accrued Interest Receivable Debt Securities Held to Maturity | 937,000 | 1,100,000 | ||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | 94,715,000 | 96,163,000 | [1] | |
Debt Securities, Held-to-Maturity, Nonaccrual | 0 | 0 | ||
Debt Securities, Held-to-Maturity, 30 Days or More Past Due, Still Accruing | 0 | 0 | ||
Proceeds from Maturities, Prepayments and Calls of Held-to-Maturity Securities | 0 | $ 0 | ||
Debt Securities, Held-to-Maturity, Allowance for Credit Loss | $ 0 | $ 0 | [1] | |
Debt Securities, Available-for-Sale [Member] | ||||
State and Political Subdivisions Securities Number of States with Highest Volume | 5 | |||
US States and Political Subdivisions Debt Securities [Member] | Securities Issuers Concentration Risk [Member] | Securities, Total [Member] | ||||
Debt Securities, Available-for-Sale | $ 0 | |||
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss | $ 0 | |||
Debt Securities, Held-to-Maturity [Member] | ||||
State and Political Subdivisions Securities Number of States with Highest Volume | 5 | |||
[1]Derived from audited consolidated financial statements |
Note 5 - Debt Securities - Summ
Note 5 - Debt Securities - Summary of Amortized Cost and Fair Value of Available-for-sale Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | |
Debt securities, available for sale, amortized cost | $ 575,353 | $ 455,067 | |
Available for sale securities, unrealized gains | 608 | 721 | |
Available for sale securities, unrealized losses | 64,558 | 50,587 | |
Debt securities available for sale (at fair value) | 511,403 | 405,201 | [1] |
US Government Corporations and Agencies Securities [Member] | |||
Debt securities, available for sale, amortized cost | 26,818 | 20,446 | |
Available for sale securities, unrealized gains | 53 | 83 | |
Available for sale securities, unrealized losses | 916 | 310 | |
Debt securities available for sale (at fair value) | 25,955 | 20,219 | |
Government Sponsored Agencies [Member] | |||
Debt securities, available for sale, amortized cost | 136,367 | 55,184 | |
Available for sale securities, unrealized gains | 470 | 80 | |
Available for sale securities, unrealized losses | 9,468 | 3,808 | |
Debt securities available for sale (at fair value) | 127,369 | 51,456 | |
Nongovernment Sponsored Agencies [Member] | |||
Debt securities, available for sale, amortized cost | 78,599 | 65,860 | |
Available for sale securities, unrealized gains | 0 | 48 | |
Available for sale securities, unrealized losses | 6,277 | 4,291 | |
Debt securities available for sale (at fair value) | 72,322 | 61,617 | |
Taxable State and Political Subdivisions General Obligations [Member] | |||
Debt securities, available for sale, amortized cost | 79,323 | 82,410 | |
Available for sale securities, unrealized gains | 3 | 9 | |
Available for sale securities, unrealized losses | 19,334 | 19,924 | |
Debt securities available for sale (at fair value) | 59,992 | 62,495 | |
Taxable State and Political Subdivisions Various Tax Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 10,674 | 10,699 | |
Available for sale securities, unrealized gains | 0 | 0 | |
Available for sale securities, unrealized losses | 2,604 | 2,591 | |
Debt securities available for sale (at fair value) | 8,070 | 8,108 | |
Taxable State and Political Subdivisions Other Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 27,827 | 29,044 | |
Available for sale securities, unrealized gains | 0 | 0 | |
Available for sale securities, unrealized losses | 6,173 | 6,580 | |
Debt securities available for sale (at fair value) | 21,654 | 22,464 | |
Corporate Debt Securities [Member] | |||
Debt securities, available for sale, amortized cost | 39,534 | 33,409 | |
Available for sale securities, unrealized gains | 7 | 44 | |
Available for sale securities, unrealized losses | 2,411 | 1,825 | |
Debt securities available for sale (at fair value) | 37,130 | 31,628 | |
Asset-Backed Securities [Member] | |||
Debt securities, available for sale, amortized cost | 46,341 | 20,009 | |
Available for sale securities, unrealized gains | 75 | 0 | |
Available for sale securities, unrealized losses | 158 | 533 | |
Debt securities available for sale (at fair value) | 46,258 | 19,476 | |
Taxable Debt Securities [Member] | |||
Debt securities, available for sale, amortized cost | 445,483 | 317,061 | |
Available for sale securities, unrealized gains | 608 | 264 | |
Available for sale securities, unrealized losses | 47,341 | 39,862 | |
Debt securities available for sale (at fair value) | 398,750 | 277,463 | |
Tax Exempt State and Political Subdivisions General Obligations [Member] | |||
Debt securities, available for sale, amortized cost | 104,032 | 93,910 | |
Available for sale securities, unrealized gains | 0 | 281 | |
Available for sale securities, unrealized losses | 12,592 | 6,719 | |
Debt securities available for sale (at fair value) | 91,440 | 87,472 | |
Tax Exempt State and Political Subdivisions Other Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 25,838 | 11,274 | |
Available for sale securities, unrealized gains | 0 | 9 | |
Available for sale securities, unrealized losses | 4,625 | 1,326 | |
Debt securities available for sale (at fair value) | 21,213 | 9,957 | |
Tax Exempt State and Political Subdivisions Water And Sewer Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 17,560 | ||
Available for sale securities, unrealized gains | 120 | ||
Available for sale securities, unrealized losses | 1,154 | ||
Debt securities available for sale (at fair value) | 16,526 | ||
Tax Exempt Debt Securities [Member] | |||
Debt securities, available for sale, amortized cost | 129,870 | 138,006 | |
Available for sale securities, unrealized gains | 0 | 457 | |
Available for sale securities, unrealized losses | 17,217 | 10,725 | |
Debt securities available for sale (at fair value) | $ 112,653 | 127,738 | |
Tax Exempt State and Political Subdivisions Lease Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 7,411 | ||
Available for sale securities, unrealized gains | 47 | ||
Available for sale securities, unrealized losses | 411 | ||
Debt securities available for sale (at fair value) | 7,047 | ||
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 | ||
[1]Derived from audited consolidated financial statements |
Note 5 - Debt Securities - Su_2
Note 5 - Debt Securities - Summary of Volume of State and Political Subdivision Securities Held in Portfolio (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | |
Debt securities, available for sale, amortized cost | $ 575,353 | $ 455,067 | |
Available for sale securities, unrealized gains | 608 | 721 | |
Available for sale securities, unrealized losses | 64,558 | 50,587 | |
Debt securities available for sale (at fair value) | 511,403 | $ 405,201 | [1] |
CALIFORNIA | |||
Debt securities, available for sale, amortized cost | 45,689 | ||
Available for sale securities, unrealized gains | 0 | ||
Available for sale securities, unrealized losses | 10,923 | ||
Debt securities available for sale (at fair value) | 34,766 | ||
TEXAS | |||
Debt securities, available for sale, amortized cost | 32,865 | ||
Available for sale securities, unrealized gains | 0 | ||
Available for sale securities, unrealized losses | 5,961 | ||
Debt securities available for sale (at fair value) | 26,904 | ||
MICHIGAN | |||
Debt securities, available for sale, amortized cost | 26,792 | ||
Available for sale securities, unrealized gains | 0 | ||
Available for sale securities, unrealized losses | 3,551 | ||
Debt securities available for sale (at fair value) | 23,241 | ||
OREGON | |||
Debt securities, available for sale, amortized cost | 14,723 | ||
Available for sale securities, unrealized gains | 0 | ||
Available for sale securities, unrealized losses | 3,935 | ||
Debt securities available for sale (at fair value) | 10,788 | ||
PENNSYLVANIA | |||
Debt securities, available for sale, amortized cost | 12,493 | ||
Available for sale securities, unrealized gains | 0 | ||
Available for sale securities, unrealized losses | 2,282 | ||
Debt securities available for sale (at fair value) | $ 10,211 | ||
[1]Derived from audited consolidated financial statements |
Note 5 - Debt Securities - Inve
Note 5 - Debt Securities - Investments Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | |
Due in one year or less, amortized cost | $ 61,778 | ||
Due in one year or less, estimated fair value | 59,334 | ||
Due from one to five years, amortized cost | 162,530 | ||
Due from one to five years, estimated fair value | 153,854 | ||
Due from five to ten years, amortized cost | 115,465 | ||
Due from five to ten years, estimated fair value | 103,436 | ||
Due after ten years, amortized cost | 235,580 | ||
Due after ten years, estimated fair value | 194,779 | ||
Total amortized cost | 575,353 | $ 455,067 | |
Total estimated fair value | $ 511,403 | $ 405,201 | [1] |
[1]Derived from audited consolidated financial statements |
Note 5 - Debt Securities - Sche
Note 5 - Debt Securities - Schedule of Realized Gain (Loss) (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Proceeds from sales of debt securities available for sale | $ 103,662 | $ 61,471 |
Proceeds from maturities and calls of debt securities available for sale | 2,442 | 1,795 |
Principal payments received on debt securities available for sale | 29,805 | 29,023 |
Debt securities, available for sale, realized gain | 963 | 218 |
Debt securities, available for sale, realized loss | $ 1,245 | $ 902 |
Note 5 - Debt Securities - Sc_2
Note 5 - Debt Securities - Schedule of Unrealized Loss on Investments (Details) $ in Thousands | Sep. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) |
Number of Securities in Loss Positions | 441 | 310 |
Estimated Fair Value, Less than 12 Months | $ 193,133 | $ 173,827 |
Unrealized Loss, Less than 12 Months | 14,321 | 10,906 |
Estimated Fair Value, 12 Months or More | 247,177 | 173,131 |
Unrealized Loss, 12 Months or More | 50,237 | 39,681 |
Estimated Fair Value, Total | 440,310 | 346,958 |
Unrealized Loss, Total | $ 64,558 | $ 50,587 |
US Government Corporations and Agencies Securities [Member] | ||
Number of Securities in Loss Positions | 38 | 28 |
Estimated Fair Value, Less than 12 Months | $ 11,491 | $ 8,012 |
Unrealized Loss, Less than 12 Months | 682 | 99 |
Estimated Fair Value, 12 Months or More | 8,121 | 9,577 |
Unrealized Loss, 12 Months or More | 234 | 211 |
Estimated Fair Value, Total | 19,612 | 17,589 |
Unrealized Loss, Total | $ 916 | $ 310 |
Government Sponsored Agencies [Member] | ||
Number of Securities in Loss Positions | 146 | 58 |
Estimated Fair Value, Less than 12 Months | $ 75,929 | $ 21,831 |
Unrealized Loss, Less than 12 Months | 4,875 | 1,104 |
Estimated Fair Value, 12 Months or More | 33,228 | 19,459 |
Unrealized Loss, 12 Months or More | 4,593 | 2,704 |
Estimated Fair Value, Total | 109,157 | 41,290 |
Unrealized Loss, Total | $ 9,468 | $ 3,808 |
Nongovernment Sponsored Agencies [Member] | ||
Number of Securities in Loss Positions | 36 | 27 |
Estimated Fair Value, Less than 12 Months | $ 36,310 | $ 35,727 |
Unrealized Loss, Less than 12 Months | 2,660 | 2,974 |
Estimated Fair Value, 12 Months or More | 30,435 | 10,041 |
Unrealized Loss, 12 Months or More | 3,617 | 1,317 |
Estimated Fair Value, Total | 66,745 | 45,768 |
Unrealized Loss, Total | $ 6,277 | $ 4,291 |
Taxable State and Political Subdivisions General Obligations [Member] | ||
Number of Securities in Loss Positions | 54 | 56 |
Estimated Fair Value, Less than 12 Months | $ 0 | $ 11,258 |
Unrealized Loss, Less than 12 Months | 0 | 1,476 |
Estimated Fair Value, 12 Months or More | 58,997 | 49,858 |
Unrealized Loss, 12 Months or More | 19,334 | 18,448 |
Estimated Fair Value, Total | 58,997 | 61,116 |
Unrealized Loss, Total | $ 19,334 | $ 19,924 |
Taxable State and Political Subdivisions Various Tax Revenues [Member] | ||
Number of Securities in Loss Positions | 7 | 7 |
Estimated Fair Value, Less than 12 Months | $ 0 | $ 1,352 |
Unrealized Loss, Less than 12 Months | 0 | 276 |
Estimated Fair Value, 12 Months or More | 8,070 | 6,756 |
Unrealized Loss, 12 Months or More | 2,604 | 2,315 |
Estimated Fair Value, Total | 8,070 | 8,108 |
Unrealized Loss, Total | $ 2,604 | $ 2,591 |
Taxable State and Political Subdivisions Other Revenues [Member] | ||
Number of Securities in Loss Positions | 22 | 23 |
Estimated Fair Value, Less than 12 Months | $ 1,403 | $ 6,361 |
Unrealized Loss, Less than 12 Months | 180 | 1,040 |
Estimated Fair Value, 12 Months or More | 20,251 | 16,103 |
Unrealized Loss, 12 Months or More | 5,993 | 5,540 |
Estimated Fair Value, Total | 21,654 | 22,464 |
Unrealized Loss, Total | $ 6,173 | $ 6,580 |
Corporate Debt Securities [Member] | ||
Number of Securities in Loss Positions | 21 | 20 |
Estimated Fair Value, Less than 12 Months | $ 9,614 | $ 8,308 |
Unrealized Loss, Less than 12 Months | 624 | 591 |
Estimated Fair Value, 12 Months or More | 17,938 | 13,072 |
Unrealized Loss, 12 Months or More | 1,787 | 1,234 |
Estimated Fair Value, Total | 27,552 | 21,380 |
Unrealized Loss, Total | $ 2,411 | $ 1,825 |
Asset-Backed Securities [Member] | ||
Number of Securities in Loss Positions | 11 | 13 |
Estimated Fair Value, Less than 12 Months | $ 5,706 | $ 11,680 |
Unrealized Loss, Less than 12 Months | 34 | 277 |
Estimated Fair Value, 12 Months or More | 10,644 | 7,796 |
Unrealized Loss, 12 Months or More | 124 | 256 |
Estimated Fair Value, Total | 16,350 | 19,476 |
Unrealized Loss, Total | $ 158 | $ 533 |
Tax Exempt State and Political Subdivisions General Obligations [Member] | ||
Number of Securities in Loss Positions | 82 | 52 |
Estimated Fair Value, Less than 12 Months | $ 49,543 | $ 50,671 |
Unrealized Loss, Less than 12 Months | 4,903 | 1,823 |
Estimated Fair Value, 12 Months or More | 41,898 | 26,062 |
Unrealized Loss, 12 Months or More | 7,689 | 4,896 |
Estimated Fair Value, Total | 91,441 | 76,733 |
Unrealized Loss, Total | $ 12,592 | $ 6,719 |
Tax Exempt State and Political Subdivisions Other Revenues [Member] | ||
Number of Securities in Loss Positions | 24 | 7 |
Estimated Fair Value, Less than 12 Months | $ 3,137 | $ 2,900 |
Unrealized Loss, Less than 12 Months | 363 | 393 |
Estimated Fair Value, 12 Months or More | 17,595 | 4,812 |
Unrealized Loss, 12 Months or More | 4,262 | 933 |
Estimated Fair Value, Total | 20,732 | 7,712 |
Unrealized Loss, Total | $ 4,625 | $ 1,326 |
Tax Exempt State and Political Subdivisions Water And Sewer Revenues [Member] | ||
Number of Securities in Loss Positions | 13 | |
Estimated Fair Value, Less than 12 Months | $ 8,800 | |
Unrealized Loss, Less than 12 Months | 403 | |
Estimated Fair Value, 12 Months or More | 4,471 | |
Unrealized Loss, 12 Months or More | 751 | |
Estimated Fair Value, Total | 13,271 | |
Unrealized Loss, Total | $ 1,154 | |
Tax Exempt State and Political Subdivisions Lease Revenues [Member] | ||
Number of Securities in Loss Positions | 2 | |
Estimated Fair Value, Less than 12 Months | $ 3,330 | |
Unrealized Loss, Less than 12 Months | 11 | |
Estimated Fair Value, 12 Months or More | 1,985 | |
Unrealized Loss, 12 Months or More | 400 | |
Estimated Fair Value, Total | 5,315 | |
Unrealized Loss, Total | $ 411 | |
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 |
Note 5 - Debt Securities - Held
Note 5 - Debt Securities - Held to Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | |
Tax-exempt state and political subdivisions | $ 94,715 | $ 96,163 | [1] |
Unrealized Gains | 0 | 0 | |
Unrealized Losses | 12,267 | 9,536 | |
Debt Securities, Held-to-maturity, Fair Value | 82,448 | 86,627 | [1] |
Tax Exempt State and Political Subdivisions General Obligations [Member] | |||
Tax-exempt state and political subdivisions | 69,328 | 70,401 | |
Unrealized Gains | 0 | 0 | |
Unrealized Losses | 8,379 | 6,480 | |
Debt Securities, Held-to-maturity, Fair Value | 60,949 | 63,921 | |
Tax Exempt State and Political Subdivisions Water And Sewer Revenues [Member] | |||
Tax-exempt state and political subdivisions | 7,864 | 8,006 | |
Unrealized Gains | 0 | 0 | |
Unrealized Losses | 784 | 672 | |
Debt Securities, Held-to-maturity, Fair Value | 7,080 | 7,334 | |
Tax Exempt State and Political Subdivisions Lease Revenues [Member] | |||
Tax-exempt state and political subdivisions | 4,172 | 4,234 | |
Unrealized Gains | 0 | 0 | |
Unrealized Losses | 668 | 534 | |
Debt Securities, Held-to-maturity, Fair Value | 3,504 | 3,700 | |
Tax Exempt State and Political Subdivisions Sales Tax Revenues [Member] | |||
Tax-exempt state and political subdivisions | 4,463 | 4,515 | |
Unrealized Gains | 0 | 0 | |
Unrealized Losses | 911 | 689 | |
Debt Securities, Held-to-maturity, Fair Value | 3,552 | 3,826 | |
Tax Exempt State and Political Subdivisions Various Tax Revenues [Member] | |||
Tax-exempt state and political subdivisions | 5,446 | 5,511 | |
Unrealized Gains | 0 | 0 | |
Unrealized Losses | 1,139 | 871 | |
Debt Securities, Held-to-maturity, Fair Value | 4,307 | 4,640 | |
Tax Exempt State and Political Subdivisions Other Revenues [Member] | |||
Tax-exempt state and political subdivisions | 3,442 | 3,496 | |
Unrealized Gains | 0 | 0 | |
Unrealized Losses | 386 | 290 | |
Debt Securities, Held-to-maturity, Fair Value | $ 3,056 | $ 3,206 | |
[1]Derived from audited consolidated financial statements |
Note 5 - Debt Securities - Su_3
Note 5 - Debt Securities - Summary of Volume of state and Political Subdivision Securities Held to Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | |
Tax-exempt state and political subdivisions | $ 94,715 | $ 96,163 | [1] |
Unrealized Gains | 0 | 0 | |
Unrealized Losses | 12,267 | 9,536 | |
Debt Securities, Held-to-maturity, Fair Value | 82,448 | $ 86,627 | [1] |
TEXAS | |||
Tax-exempt state and political subdivisions | 14,872 | ||
Unrealized Gains | 0 | ||
Unrealized Losses | 1,690 | ||
Debt Securities, Held-to-maturity, Fair Value | 13,182 | ||
CALIFORNIA | |||
Tax-exempt state and political subdivisions | 9,504 | ||
Unrealized Gains | 0 | ||
Unrealized Losses | 921 | ||
Debt Securities, Held-to-maturity, Fair Value | 8,583 | ||
PENNSYLVANIA | |||
Tax-exempt state and political subdivisions | 8,362 | ||
Unrealized Gains | 0 | ||
Unrealized Losses | 1,035 | ||
Debt Securities, Held-to-maturity, Fair Value | 7,327 | ||
FLORIDA | |||
Tax-exempt state and political subdivisions | 7,365 | ||
Unrealized Gains | 0 | ||
Unrealized Losses | 1,262 | ||
Debt Securities, Held-to-maturity, Fair Value | 6,103 | ||
MICHIGAN | |||
Tax-exempt state and political subdivisions | 6,805 | ||
Unrealized Gains | 0 | ||
Unrealized Losses | 1,027 | ||
Debt Securities, Held-to-maturity, Fair Value | $ 5,778 | ||
[1]Derived from audited consolidated financial statements |
Note 5 - Debt Securities - Debt
Note 5 - Debt Securities - Debt Securities Held to Maturity by Credit Rating (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | |
Tax-exempt state and political subdivisions | $ 94,715 | $ 96,163 | [1] |
Standard & Poor's, AAA Rating [Member] | |||
Tax-exempt state and political subdivisions | 14,940 | 12,846 | |
Standard & Poor's, AA Rating [Member] | |||
Tax-exempt state and political subdivisions | 72,471 | 75,932 | |
Standard & Poor's, A Rating [Member] | |||
Tax-exempt state and political subdivisions | 7,304 | 7,385 | |
Standard & Poor's, BBB Rating [Member] | |||
Tax-exempt state and political subdivisions | 0 | 0 | |
Standard Poors Below Investment Grade Rating [Member] | |||
Tax-exempt state and political subdivisions | $ 0 | $ 0 | |
[1]Derived from audited consolidated financial statements |
Note 5 - Debt Securities - He_2
Note 5 - Debt Securities - Held to Maturity Investments Classified by Contractual Maturity Date (Details) $ in Thousands | Sep. 30, 2023 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 | 4,047 |
Debt securities, held to maturity, fair value, maturity, allocated and single maturity date, after year 5 through 10 | 3,663 |
Debt securities, held to maturity, amortized cost, maturity, allocated and single maturity date, after year 10 | 90,668 |
Debt securities, held to maturity, fair value, maturity, allocated and single maturity date, after year 10 | 78,785 |
Debt securities, held to maturity, amortized cost, maturity, allocated and single maturity date, amortized cost | 94,715 |
Debt securities, held to maturity, fair value, maturity, allocated and single maturity date, fair value | $ 82,448 |
Note 6 - Loans and Allowance _3
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) (Details Textual) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Accrued Interest and Fees Receivable on Loans | $ 12,300 | $ 10,400 |
Financing Receivable, Modified, Commitment to Lend | 0 | |
Loan Review Aggregate Exposure Amount on Nonhomogeneous Commercial Loan Relationships | 5,000 | |
Loans Collectively Evaluated Fully Guaranteed or Cash Secured Loans | 9,900 | 8,500 |
Financing Receivable, Collectively Evaluated for Impairment, Allowance for Credit Loss, Fully Guaranteed or Cash Secured Loans | $ 0 | $ 0 |
Note 6 - Loans and Allowance _4
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) - Summary of Loans, Net of Unearned Fees (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | |
Loans and Leases Receivable, Net of Deferred Income | $ 3,598,919 | $ 3,082,818 | [1] | ||||
Less allowance for credit losses - loans | 47,233 | $ 45,681 | 38,899 | [1] | $ 36,750 | $ 35,063 | $ 32,298 |
Loans, net | 3,551,686 | 3,043,919 | [1] | ||||
Commercial Loan [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 511,951 | 501,844 | |||||
Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 157,549 | 120,872 | |||||
Less allowance for credit losses - loans | 1,193 | 1,169 | 966 | 949 | 1,180 | 1,092 | |
Commercial Real Estate Owner Occupied, Retail [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 170,535 | 188,196 | |||||
Less allowance for credit losses - loans | 724 | 1,183 | 1,176 | 1,571 | 1,597 | 1,362 | |
Commercial Real Estate Owner Occupied, Other [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 219,802 | 157,982 | |||||
Less allowance for credit losses - loans | 620 | 638 | 426 | 453 | 457 | 575 | |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 180,112 | 141,042 | |||||
Less allowance for credit losses - loans | 2,861 | 1,203 | |||||
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 68,066 | 51,109 | |||||
Less allowance for credit losses - loans | 99 | 86 | 82 | 86 | 97 | 133 | |
Multifamily [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 294,872 | 272,705 | |||||
Less allowance for credit losses - loans | 3,410 | 3,545 | 2,907 | 2,212 | 2,330 | 1,821 | |
Commercial Real Estate Nonowner Occupied, Retail [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 254,917 | 192,270 | |||||
Less allowance for credit losses - loans | 2,247 | 2,271 | 1,362 | 1,383 | 1,891 | 1,074 | |
Commercial Real Estate Nonowner Occupied, Other [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 419,062 | 347,242 | |||||
Less allowance for credit losses - loans | 2,792 | 3,363 | 2,452 | 2,181 | 2,103 | 1,820 | |
Land and Land Improvements [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 114,354 | 106,362 | |||||
Less allowance for credit losses - loans | 4,707 | 4,688 | 3,482 | 3,507 | 3,600 | 3,468 | |
Construction Loans [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 349,049 | 282,935 | |||||
Less allowance for credit losses - loans | 13,427 | 12,418 | 11,138 | 9,852 | 8,208 | 6,346 | |
Residential 1-4 Family Real Estate, Personal Residence [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 354,978 | 265,326 | |||||
Less allowance for credit losses - loans | 3,217 | 3,221 | 2,939 | 2,665 | 2,669 | 2,765 | |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 142,098 | 121,548 | |||||
Less allowance for credit losses - loans | 2,112 | 2,175 | 1,907 | 1,981 | 2,097 | 2,834 | |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 113,837 | 92,103 | |||||
Less allowance for credit losses - loans | 3,204 | 3,376 | 2,668 | 2,623 | 2,181 | 2,374 | |
Home Equity Loan [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 81,967 | 71,986 | |||||
Less allowance for credit losses - loans | 722 | 705 | |||||
Mortgage Warehouse Lines [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 114,734 | 130,390 | |||||
Less allowance for credit losses - loans | 0 | 0 | 0 | 0 | 0 | 0 | |
Consumer Portfolio Segment [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 44,288 | 35,372 | |||||
Less allowance for credit losses - loans | 203 | 210 | 174 | 176 | 254 | 163 | |
Credit Card Receivable [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 2,197 | 2,182 | |||||
Less allowance for credit losses - loans | 25 | 23 | 17 | 17 | 17 | 17 | |
Bank Overdrafts [Member] | |||||||
Loans and Leases Receivable, Net of Deferred Income | 4,551 | 1,352 | |||||
Less allowance for credit losses - loans | $ 1,116 | $ 273 | $ 354 | $ 297 | $ 279 | $ 207 | |
[1]Derived from audited consolidated financial statements |
Note 6 - Loans and Allowance _5
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) - Schedule of Contractual Aging of Recorded Investment in Past Due Loans by Class (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | |
Loans and Leases Receivable, Net of Deferred Income | $ 3,598,919 | $ 3,082,818 | [1] |
Accruing | 28 | 12 | |
Commercial Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 511,951 | 501,844 | |
Accruing | 16 | 0 | |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 157,549 | 120,872 | |
Accruing | 0 | 0 | |
Commercial Real Estate Owner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 170,535 | 188,196 | |
Accruing | 0 | 0 | |
Commercial Real Estate Owner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 219,802 | 157,982 | |
Accruing | 0 | 0 | |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 180,112 | 141,042 | |
Accruing | 0 | 0 | |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 68,066 | 51,109 | |
Accruing | 0 | 0 | |
Multifamily [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 294,872 | 272,705 | |
Accruing | 0 | 0 | |
Commercial Real Estate Nonowner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 254,917 | 192,270 | |
Accruing | 0 | 0 | |
Commercial Real Estate Nonowner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 419,062 | 347,242 | |
Accruing | 0 | 0 | |
Land and Land Improvements [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 114,354 | 106,362 | |
Accruing | 0 | 0 | |
Construction Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 349,049 | 282,935 | |
Accruing | 0 | 0 | |
Residential 1-4 Family Real Estate, Personal Residence [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 354,978 | 265,326 | |
Accruing | 0 | 0 | |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 142,098 | 121,548 | |
Accruing | 0 | 0 | |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 113,837 | 92,103 | |
Accruing | 0 | 0 | |
Home Equity Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 81,967 | 71,986 | |
Accruing | 0 | 0 | |
Mortgage Warehouse Lines [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 114,734 | 130,390 | |
Accruing | 0 | 0 | |
Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 44,288 | 35,372 | |
Accruing | 1 | 0 | |
Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 2,197 | 2,182 | |
Accruing | 11 | 12 | |
Bank Overdrafts [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 4,551 | 1,352 | |
Accruing | 0 | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 9,978 | 10,393 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 3,060 | 2,982 | |
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 | 194 | 100 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Owner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 120 | 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 | 98 | 376 | |
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 | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Multifamily [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 265 | 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 | 0 | 165 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 37 | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Land and Land Improvements [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,544 | 317 | |
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 | 2,890 | 3,768 | |
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 | 645 | 1,093 | |
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 | 744 | 1,401 | |
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 | 346 | 182 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 35 | 9 | |
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 | 2,042 | 2,700 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 245 | 201 | |
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 | 278 | 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 | 92 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Owner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 135 | |
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 | 0 | 852 | |
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 | 827 | 741 | |
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 | 200 | 582 | |
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 | 295 | 105 | |
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 | 103 | 71 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 2 | 13 | |
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 | 2,821 | 3,637 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 207 | 34 | |
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 | 131 | 221 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Owner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 37 | |
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 | 94 | 58 | |
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 | 606 | 438 | |
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 | 0 | |
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 | 812 | 1,969 | |
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 | 126 | 816 | |
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 | 403 | 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 | 334 | 52 | |
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 | 97 | 0 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 11 | 12 | |
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 | 14,841 | 16,730 | |
Financial Asset, Past Due [Member] | Commercial Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 3,512 | 3,217 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 472 | 100 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Owner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 343 | 221 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Owner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 98 | 548 | |
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 | 0 | |
Financial Asset, Past Due [Member] | Multifamily [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 359 | 58 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Nonowner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 606 | 603 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Nonowner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 37 | 0 | |
Financial Asset, Past Due [Member] | Land and Land Improvements [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,544 | 1,169 | |
Financial Asset, Past Due [Member] | Construction Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, Past Due [Member] | Residential 1-4 Family Real Estate, Personal Residence [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 4,529 | 6,478 | |
Financial Asset, Past Due [Member] | Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 971 | 2,491 | |
Financial Asset, Past Due [Member] | Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 403 | 0 | |
Financial Asset, Past Due [Member] | Home Equity Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,373 | 1,558 | |
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 | 546 | 253 | |
Financial Asset, Past Due [Member] | Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 48 | 34 | |
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 | 3,584,078 | 3,066,088 | |
Financial Asset, Not Past Due [Member] | Commercial Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 508,439 | 498,627 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 157,077 | 120,772 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Owner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 170,192 | 187,975 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Owner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 219,704 | 157,434 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 180,112 | 141,042 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 68,066 | 51,109 | |
Financial Asset, Not Past Due [Member] | Multifamily [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 294,513 | 272,647 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Nonowner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 254,311 | 191,667 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Nonowner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 419,025 | 347,242 | |
Financial Asset, Not Past Due [Member] | Land and Land Improvements [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 112,810 | 105,193 | |
Financial Asset, Not Past Due [Member] | Construction Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 349,049 | 282,935 | |
Financial Asset, Not Past Due [Member] | Residential 1-4 Family Real Estate, Personal Residence [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 350,449 | 258,848 | |
Financial Asset, Not Past Due [Member] | Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 141,127 | 119,057 | |
Financial Asset, Not Past Due [Member] | Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 113,434 | 92,103 | |
Financial Asset, Not Past Due [Member] | Home Equity Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 80,594 | 70,428 | |
Financial Asset, Not Past Due [Member] | Mortgage Warehouse Lines [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 114,734 | 130,390 | |
Financial Asset, Not Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 43,742 | 35,119 | |
Financial Asset, Not Past Due [Member] | Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 2,149 | 2,148 | |
Financial Asset, Not Past Due [Member] | Bank Overdrafts [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | $ 4,551 | $ 1,352 | |
[1]Derived from audited consolidated financial statements |
Note 6 - Loans and Allowance _6
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) - Schedule of Nonaccrual Loans Included in Net Balance of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Financing Receivable, Nonaccrual | $ 12,818 | $ 7,811 |
Financing Receivable, nonaccrual, No Allowance | 3,925 | 48 |
Commercial Loans [Member] | ||
Financing Receivable, Nonaccrual | 767 | 93 |
Financing Receivable, nonaccrual, No Allowance | 10 | 48 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||
Financing Receivable, Nonaccrual | 131 | 0 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Commercial Real Estate Owner Occupied, Retail [Member] | ||
Financing Receivable, Nonaccrual | 421 | 350 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Commercial Real Estate Owner Occupied, Other [Member] | ||
Financing Receivable, Nonaccrual | 371 | 423 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | ||
Financing Receivable, Nonaccrual | 0 | 0 |
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 | 553 | 538 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Financing Receivable, Nonaccrual | 4,925 | 439 |
Financing Receivable, nonaccrual, No Allowance | 3,746 | 0 |
Commercial Real Estate Nonowner Occupied, Other [Member] | ||
Financing Receivable, Nonaccrual | 0 | 0 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Land and Land Improvements [Member] | ||
Financing Receivable, Nonaccrual | 750 | 852 |
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 | 1,959 | 2,892 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||
Financing Receivable, Nonaccrual | 1,943 | 2,066 |
Financing Receivable, nonaccrual, No Allowance | 169 | 0 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | ||
Financing Receivable, Nonaccrual | 403 | 0 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Home Equity Loan [Member] | ||
Financing Receivable, Nonaccrual | 482 | 158 |
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 | 113 | 0 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Credit Card Receivable [Member] | ||
Financing Receivable, Nonaccrual | 0 | 0 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Bank Overdrafts [Member] | ||
Financing Receivable, Nonaccrual | 0 | 0 |
Financing Receivable, nonaccrual, No Allowance | $ 0 | $ 0 |
Note 6 - Loans and Allowance _7
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) - Financing Receivable, Troubled Debt Restructuring (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
Sep. 30, 2023 | Sep. 30, 2023 | |
Modifications | $ 624 | $ 23,375 |
Percentage of total class of financing receivable | 0% | 0.60% |
Commercial Loan [Member] | ||
Modifications | $ 22,400 | |
Percentage of total class of financing receivable | 4.40% | |
Commercial Real Estate Owner Occupied, Other [Member] | ||
Modifications | $ 36 | $ 36 |
Percentage of total class of financing receivable | 0% | 0% |
Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Modifications | $ 397 | $ 397 |
Percentage of total class of financing receivable | 0.20% | 0.20% |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||
Modifications | $ 191 | $ 360 |
Percentage of total class of financing receivable | 0.10% | 0.30% |
Residential 1-4 Family Real Estate, Personal Residence [Member] | ||
Modifications | $ 182 | |
Percentage of total class of financing receivable | 0.10% | |
Payment Deferral [Member] | ||
Modifications | $ 0 | $ 109 |
Payment Deferral [Member] | Commercial Loan [Member] | ||
Modifications | 0 | |
Payment Deferral [Member] | Commercial Real Estate Owner Occupied, Other [Member] | ||
Modifications | 0 | 0 |
Payment Deferral [Member] | Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Modifications | 0 | 0 |
Payment Deferral [Member] | Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||
Modifications | 0 | 0 |
Payment Deferral [Member] | Residential 1-4 Family Real Estate, Personal Residence [Member] | ||
Modifications | 109 | |
Extended Maturity [Member] | ||
Modifications | 624 | 23,200 |
Extended Maturity [Member] | Commercial Loan [Member] | ||
Modifications | 22,400 | |
Extended Maturity [Member] | Commercial Real Estate Owner Occupied, Other [Member] | ||
Modifications | 36 | 36 |
Extended Maturity [Member] | Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Modifications | 397 | 397 |
Extended Maturity [Member] | Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||
Modifications | 191 | 360 |
Extended Maturity [Member] | Residential 1-4 Family Real Estate, Personal Residence [Member] | ||
Modifications | 7 | |
Extended Maturity and Payment Deferral [Member] | ||
Modifications | 0 | 66 |
Extended Maturity and Payment Deferral [Member] | Commercial Loan [Member] | ||
Modifications | 0 | |
Extended Maturity and Payment Deferral [Member] | Commercial Real Estate Owner Occupied, Other [Member] | ||
Modifications | 0 | 0 |
Extended Maturity and Payment Deferral [Member] | Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Modifications | 0 | 0 |
Extended Maturity and Payment Deferral [Member] | Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||
Modifications | $ 0 | 0 |
Extended Maturity and Payment Deferral [Member] | Residential 1-4 Family Real Estate, Personal Residence [Member] | ||
Modifications | $ 66 |
Note 6 - Loans and Allowance _8
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) - Financial Effect of Modifications (Details) | 3 Months Ended | 9 Months Ended |
Sep. 30, 2023 | Sep. 30, 2023 | |
Commercial Loan [Member] | ||
Weighted-average payment delay (Month) | 0 months | |
Weighted-average term extension (Month) | 8 months | |
Commercial Real Estate Owner Occupied, Other [Member] | ||
Weighted-average payment delay (Month) | 0 months | 0 months |
Weighted-average term extension (Month) | 12 months | 12 months |
Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Weighted-average payment delay (Month) | 0 months | 0 months |
Weighted-average term extension (Month) | 20 months | 20 months |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||
Weighted-average payment delay (Month) | 0 months | 0 months |
Weighted-average term extension (Month) | 20 months | 16 months |
Residential 1-4 Family Real Estate, Personal Residence [Member] | ||
Weighted-average payment delay (Month) | 8 months | |
Weighted-average term extension (Month) | 7 months |
Note 6 - Loans and Allowance _9
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) - Amortized Cost of Modified Loans (Details) $ in Thousands | Sep. 30, 2023 USD ($) |
Amortized cost basis of modified loans | $ 23,375 |
Extended Maturity [Member] | |
Amortized cost basis of modified loans | 454 |
Extended Maturity and Payment Deferral [Member] | |
Amortized cost basis of modified loans | 66 |
Commercial Loan [Member] | |
Amortized cost basis of modified loans | 22,400 |
Commercial Loan [Member] | Extended Maturity [Member] | |
Amortized cost basis of modified loans | 278 |
Commercial Loan [Member] | Extended Maturity and Payment Deferral [Member] | |
Amortized cost basis of modified loans | 0 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | |
Amortized cost basis of modified loans | 182 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Extended Maturity [Member] | |
Amortized cost basis of modified loans | 7 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Extended Maturity and Payment Deferral [Member] | |
Amortized cost basis of modified loans | 66 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |
Amortized cost basis of modified loans | 360 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Extended Maturity [Member] | |
Amortized cost basis of modified loans | 169 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Extended Maturity and Payment Deferral [Member] | |
Amortized cost basis of modified loans | $ 0 |
Note 6 - Loans and Allowance_10
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) - Age Analysis of Modified Loans (Details) $ in Thousands | Sep. 30, 2023 USD ($) |
Amortized cost basis of modified loans | $ 23,375 |
Financial Asset, Not Past Due [Member] | |
Amortized cost basis of modified loans | 23,199 |
Financial Asset, 30 to 59 Days Past Due [Member] | |
Amortized cost basis of modified loans | 176 |
Financial Asset, 60 to 89 Days Past Due [Member] | |
Amortized cost basis of modified loans | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |
Amortized cost basis of modified loans | 0 |
Commercial Loan [Member] | |
Amortized cost basis of modified loans | 22,400 |
Commercial Loan [Member] | Financial Asset, Not Past Due [Member] | |
Amortized cost basis of modified loans | 22,400 |
Commercial Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |
Amortized cost basis of modified loans | 0 |
Commercial Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |
Amortized cost basis of modified loans | 0 |
Commercial Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |
Amortized cost basis of modified loans | 0 |
Commercial Real Estate Owner Occupied, Other [Member] | |
Amortized cost basis of modified loans | 36 |
Commercial Real Estate Owner Occupied, Other [Member] | Financial Asset, Not Past Due [Member] | |
Amortized cost basis of modified loans | 36 |
Commercial Real Estate Owner Occupied, Other [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |
Amortized cost basis of modified loans | 0 |
Commercial Real Estate Owner Occupied, Other [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |
Amortized cost basis of modified loans | 0 |
Commercial Real Estate Owner Occupied, Other [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |
Amortized cost basis of modified loans | 0 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | |
Amortized cost basis of modified loans | 397 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Financial Asset, Not Past Due [Member] | |
Amortized cost basis of modified loans | 397 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |
Amortized cost basis of modified loans | 0 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |
Amortized cost basis of modified loans | 0 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |
Amortized cost basis of modified loans | 0 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | |
Amortized cost basis of modified loans | 182 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Financial Asset, Not Past Due [Member] | |
Amortized cost basis of modified loans | 175 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |
Amortized cost basis of modified loans | 7 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |
Amortized cost basis of modified loans | 0 |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |
Amortized cost basis of modified loans | 0 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |
Amortized cost basis of modified loans | 360 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Financial Asset, Not Past Due [Member] | |
Amortized cost basis of modified loans | 191 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | |
Amortized cost basis of modified loans | 169 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | |
Amortized cost basis of modified loans | 0 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |
Amortized cost basis of modified loans | $ 0 |
Note 6 - Loans and Allowance_11
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) - Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | ||
Financing Receivable, Current Year | $ 322,777 | $ 322,777 | $ 690,589 | |||
Financing Receivable, Year Two | 787,425 | 787,425 | 758,553 | |||
Financing Receivable, Year Three | 843,907 | 843,907 | 373,698 | |||
Financing Receivable, Year Four | 355,885 | 355,885 | 238,052 | |||
Financing Receivable, Year Five | 230,067 | 230,067 | 131,206 | |||
Financing Receivable, Prior | 613,003 | 613,003 | 455,945 | |||
Financing Receivable, revolving | 445,855 | 445,855 | 434,775 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 3,598,919 | 3,598,919 | 3,082,818 | [1] | ||
Current Period Charge-Offs, Current Year | (501) | |||||
Current Period Charge-Offs, Year Two | (115) | |||||
Current Period Charge-Offs, Year Three | (11) | |||||
Current Period Charge-Offs, Year Four | (10) | |||||
Current Period Charge-Offs, Year Five | (3,658) | |||||
Current Period Charge-Offs, prior | (86) | |||||
Current Period Charge-Offs, revolving | (19) | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | (226) | $ (265) | (4,400) | $ (1,189) | (1,439) | |
Commercial Loans [Member] | ||||||
Financing Receivable, Current Year | 26,783 | 26,783 | 146,737 | |||
Financing Receivable, Year Two | 139,221 | 139,221 | 96,813 | |||
Financing Receivable, Year Three | 90,551 | 90,551 | 27,514 | |||
Financing Receivable, Year Four | 20,262 | 20,262 | 20,399 | |||
Financing Receivable, Year Five | 16,991 | 16,991 | 3,097 | |||
Financing Receivable, Prior | 13,123 | 13,123 | 10,578 | |||
Financing Receivable, revolving | 205,020 | 205,020 | 196,706 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 511,951 | 511,951 | 501,844 | |||
Current Period Charge-Offs, Current Year | 0 | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | (1) | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | 0 | |||||
Current Period Charge-Offs, revolving | (19) | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | 0 | (35) | (20) | (237) | (237) | |
Commercial Loans [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 26,303 | 26,303 | 145,996 | |||
Financing Receivable, Year Two | 138,691 | 138,691 | 73,702 | |||
Financing Receivable, Year Three | 67,865 | 67,865 | 27,247 | |||
Financing Receivable, Year Four | 20,007 | 20,007 | 20,300 | |||
Financing Receivable, Year Five | 16,937 | 16,937 | 3,056 | |||
Financing Receivable, Prior | 11,197 | 11,197 | 10,429 | |||
Financing Receivable, revolving | 203,876 | 203,876 | 194,641 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 484,876 | 484,876 | 475,371 | |||
Commercial Loans [Member] | Special Mention [Member] | ||||||
Financing Receivable, Current Year | 421 | 421 | 689 | |||
Financing Receivable, Year Two | 477 | 477 | 23,055 | |||
Financing Receivable, Year Three | 217 | 217 | 267 | |||
Financing Receivable, Year Four | 255 | 255 | 51 | |||
Financing Receivable, Year Five | 44 | 44 | 17 | |||
Financing Receivable, Prior | 1,921 | 1,921 | 149 | |||
Financing Receivable, revolving | 1,089 | 1,089 | 2,010 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 4,424 | 4,424 | 26,238 | |||
Commercial Loans [Member] | Substandard [Member] | ||||||
Financing Receivable, Current Year | 59 | 59 | 52 | |||
Financing Receivable, Year Two | 53 | 53 | 56 | |||
Financing Receivable, Year Three | 22,469 | 22,469 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 48 | |||
Financing Receivable, Year Five | 10 | 10 | 24 | |||
Financing Receivable, Prior | 5 | 5 | 0 | |||
Financing Receivable, revolving | 55 | 55 | 55 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 22,651 | 22,651 | 235 | |||
Commercial Real Estate Nonowner Occupied, Retail [Member] | ||||||
Financing Receivable, Current Year | 37,452 | 37,452 | 46,278 | |||
Financing Receivable, Year Two | 52,894 | 52,894 | 52,387 | |||
Financing Receivable, Year Three | 58,100 | 58,100 | 39,609 | |||
Financing Receivable, Year Four | 50,435 | 50,435 | 13,227 | |||
Financing Receivable, Year Five | 14,547 | 14,547 | 6,999 | |||
Financing Receivable, Prior | 37,949 | 37,949 | 26,717 | |||
Financing Receivable, revolving | 3,540 | 3,540 | 7,053 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 254,917 | 254,917 | 192,270 | |||
Current Period Charge-Offs, Current Year | 0 | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | 0 | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | (3,658) | |||||
Current Period Charge-Offs, prior | 0 | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | 0 | 0 | (3,658) | 0 | 0 | |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 37,452 | 37,452 | 46,278 | |||
Financing Receivable, Year Two | 52,894 | 52,894 | 52,387 | |||
Financing Receivable, Year Three | 58,034 | 58,034 | 39,609 | |||
Financing Receivable, Year Four | 50,435 | 50,435 | 5,449 | |||
Financing Receivable, Year Five | 10,801 | 10,801 | 6,999 | |||
Financing Receivable, Prior | 36,470 | 36,470 | 25,315 | |||
Financing Receivable, revolving | 3,540 | 3,540 | 7,053 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 249,626 | 249,626 | 183,090 | |||
Commercial Real Estate Nonowner Occupied, Retail [Member] | Special Mention [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 66 | 66 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 907 | 907 | 964 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 973 | 973 | 964 | |||
Commercial Real Estate Nonowner Occupied, Retail [Member] | Substandard [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 7,778 | |||
Financing Receivable, Year Five | 3,746 | 3,746 | 0 | |||
Financing Receivable, Prior | 572 | 572 | 438 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 4,318 | 4,318 | 8,216 | |||
Mortgage Warehouse Lines [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | 0 | |||
Financing Receivable, revolving | 114,734 | 114,734 | 130,390 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 114,734 | 114,734 | 130,390 | |||
Current Period Charge-Offs, Current Year | 0 | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | 0 | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | 0 | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | 0 | 0 | 0 | 0 | 0 | |
Mortgage Warehouse Lines [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | 0 | |||
Financing Receivable, revolving | 114,734 | 114,734 | 130,390 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 114,734 | 114,734 | 130,390 | |||
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||||||
Financing Receivable, Current Year | 13,488 | 13,488 | 22,692 | |||
Financing Receivable, Year Two | 23,005 | 23,005 | 26,878 | |||
Financing Receivable, Year Three | 28,823 | 28,823 | 11,712 | |||
Financing Receivable, Year Four | 12,325 | 12,325 | 11,151 | |||
Financing Receivable, Year Five | 12,091 | 12,091 | 8,342 | |||
Financing Receivable, Prior | 45,838 | 45,838 | 34,877 | |||
Financing Receivable, revolving | 6,528 | 6,528 | 5,896 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 142,098 | 142,098 | 121,548 | |||
Current Period Charge-Offs, Current Year | 0 | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | 0 | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | 0 | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | 0 | (4) | 0 | (196) | (211) | |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 13,488 | 13,488 | 22,692 | |||
Financing Receivable, Year Two | 22,572 | 22,572 | 26,654 | |||
Financing Receivable, Year Three | 28,603 | 28,603 | 11,609 | |||
Financing Receivable, Year Four | 12,225 | 12,225 | 10,995 | |||
Financing Receivable, Year Five | 11,905 | 11,905 | 8,103 | |||
Financing Receivable, Prior | 41,179 | 41,179 | 30,508 | |||
Financing Receivable, revolving | 6,426 | 6,426 | 5,784 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 136,398 | 136,398 | 116,345 | |||
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Special Mention [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 283 | 283 | 224 | |||
Financing Receivable, Year Three | 220 | 220 | 103 | |||
Financing Receivable, Year Four | 100 | 100 | 0 | |||
Financing Receivable, Year Five | 186 | 186 | 0 | |||
Financing Receivable, Prior | 2,178 | 2,178 | 1,100 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 2,967 | 2,967 | 1,427 | |||
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Substandard [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 150 | 150 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 156 | |||
Financing Receivable, Year Five | 0 | 0 | 239 | |||
Financing Receivable, Prior | 2,481 | 2,481 | 3,269 | |||
Financing Receivable, revolving | 102 | 102 | 112 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 2,733 | 2,733 | 3,776 | |||
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | ||||||
Financing Receivable, Current Year | 15,761 | 15,761 | 32,059 | |||
Financing Receivable, Year Two | 38,161 | 38,161 | 1,695 | |||
Financing Receivable, Year Three | 12,058 | 12,058 | 5,908 | |||
Financing Receivable, Year Four | 11,878 | 11,878 | 68,819 | |||
Financing Receivable, Year Five | 68,357 | 68,357 | 15,358 | |||
Financing Receivable, Prior | 29,647 | 29,647 | 13,122 | |||
Financing Receivable, revolving | 4,250 | 4,250 | 4,081 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 180,112 | 180,112 | 141,042 | |||
Current Period Charge-Offs, Current Year | 0 | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | 0 | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | 0 | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | 0 | |||||
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 15,761 | 15,761 | 32,059 | |||
Financing Receivable, Year Two | 38,161 | 38,161 | 1,695 | |||
Financing Receivable, Year Three | 12,058 | 12,058 | 3,192 | |||
Financing Receivable, Year Four | 9,218 | 9,218 | 32,688 | |||
Financing Receivable, Year Five | 54,098 | 54,098 | 15,358 | |||
Financing Receivable, Prior | 29,442 | 29,442 | 12,899 | |||
Financing Receivable, revolving | 4,250 | 4,250 | 4,081 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 162,988 | 162,988 | 101,972 | |||
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Special Mention [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 36,131 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | 0 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | 36,131 | |||
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Substandard [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 2,716 | |||
Financing Receivable, Year Four | 2,660 | 2,660 | 0 | |||
Financing Receivable, Year Five | 14,259 | 14,259 | 0 | |||
Financing Receivable, Prior | 205 | 205 | 223 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 17,124 | 17,124 | 2,939 | |||
Consumer Portfolio Segment [Member] | ||||||
Financing Receivable, Current Year | 19,537 | 19,537 | 19,133 | |||
Financing Receivable, Year Two | 14,154 | 14,154 | 8,057 | |||
Financing Receivable, Year Three | 5,078 | 5,078 | 3,276 | |||
Financing Receivable, Year Four | 2,107 | 2,107 | 1,889 | |||
Financing Receivable, Year Five | 971 | 971 | 770 | |||
Financing Receivable, Prior | 1,460 | 1,460 | 1,324 | |||
Financing Receivable, revolving | 981 | 981 | 923 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 44,288 | 44,288 | 35,372 | |||
Current Period Charge-Offs, Current Year | (58) | |||||
Current Period Charge-Offs, Year Two | (115) | |||||
Current Period Charge-Offs, Year Three | (10) | |||||
Current Period Charge-Offs, Year Four | (10) | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | (7) | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | (49) | (47) | (200) | (121) | (174) | |
Consumer Portfolio Segment [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 18,463 | 18,463 | 17,594 | |||
Financing Receivable, Year Two | 13,107 | 13,107 | 7,620 | |||
Financing Receivable, Year Three | 4,809 | 4,809 | 3,066 | |||
Financing Receivable, Year Four | 1,960 | 1,960 | 1,806 | |||
Financing Receivable, Year Five | 904 | 904 | 749 | |||
Financing Receivable, Prior | 1,373 | 1,373 | 1,221 | |||
Financing Receivable, revolving | 953 | 953 | 889 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 41,569 | 41,569 | 32,945 | |||
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||||||
Financing Receivable, Current Year | 1,007 | 1,007 | 1,332 | |||
Financing Receivable, Year Two | 864 | 864 | 362 | |||
Financing Receivable, Year Three | 206 | 206 | 179 | |||
Financing Receivable, Year Four | 145 | 145 | 83 | |||
Financing Receivable, Year Five | 48 | 48 | 18 | |||
Financing Receivable, Prior | 85 | 85 | 102 | |||
Financing Receivable, revolving | 3 | 3 | 6 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 2,358 | 2,358 | 2,082 | |||
Consumer Portfolio Segment [Member] | Substandard [Member] | ||||||
Financing Receivable, Current Year | 67 | 67 | 207 | |||
Financing Receivable, Year Two | 183 | 183 | 75 | |||
Financing Receivable, Year Three | 63 | 63 | 31 | |||
Financing Receivable, Year Four | 2 | 2 | 0 | |||
Financing Receivable, Year Five | 19 | 19 | 3 | |||
Financing Receivable, Prior | 2 | 2 | 1 | |||
Financing Receivable, revolving | 25 | 25 | 28 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 361 | 361 | 345 | |||
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | ||||||
Financing Receivable, Current Year | 6,417 | 6,417 | 28,760 | |||
Financing Receivable, Year Two | 42,327 | 42,327 | 31,401 | |||
Financing Receivable, Year Three | 36,020 | 36,020 | 11,033 | |||
Financing Receivable, Year Four | 10,256 | 10,256 | 3,631 | |||
Financing Receivable, Year Five | 2,389 | 2,389 | 3,932 | |||
Financing Receivable, Prior | 13,682 | 13,682 | 12,452 | |||
Financing Receivable, revolving | 2,746 | 2,746 | 894 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 113,837 | 113,837 | 92,103 | |||
Current Period Charge-Offs, Current Year | 0 | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | 0 | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | 0 | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | 0 | 0 | 0 | 0 | 0 | |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 6,417 | 6,417 | 28,090 | |||
Financing Receivable, Year Two | 41,684 | 41,684 | 31,401 | |||
Financing Receivable, Year Three | 36,020 | 36,020 | 11,033 | |||
Financing Receivable, Year Four | 10,256 | 10,256 | 3,631 | |||
Financing Receivable, Year Five | 2,389 | 2,389 | 3,932 | |||
Financing Receivable, Prior | 9,728 | 9,728 | 9,045 | |||
Financing Receivable, revolving | 2,746 | 2,746 | 894 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 109,240 | 109,240 | 88,026 | |||
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | Special Mention [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 3,551 | 3,551 | 26 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 3,551 | 3,551 | 26 | |||
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | Substandard [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 670 | |||
Financing Receivable, Year Two | 643 | 643 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 403 | 403 | 3,381 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 1,046 | 1,046 | 4,051 | |||
Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||||||
Financing Receivable, Current Year | 16,663 | 16,663 | 13,750 | |||
Financing Receivable, Year Two | 20,628 | 20,628 | 47,010 | |||
Financing Receivable, Year Three | 53,775 | 53,775 | 11,503 | |||
Financing Receivable, Year Four | 10,973 | 10,973 | 6,621 | |||
Financing Receivable, Year Five | 7,731 | 7,731 | 3,981 | |||
Financing Receivable, Prior | 45,678 | 45,678 | 35,917 | |||
Financing Receivable, revolving | 2,101 | 2,101 | 2,090 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 157,549 | 157,549 | 120,872 | |||
Current Period Charge-Offs, Current Year | 0 | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | 0 | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | (3) | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | 0 | 0 | (3) | 0 | 0 | |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 16,663 | 16,663 | 13,750 | |||
Financing Receivable, Year Two | 20,628 | 20,628 | 47,010 | |||
Financing Receivable, Year Three | 53,775 | 53,775 | 10,312 | |||
Financing Receivable, Year Four | 9,806 | 9,806 | 6,621 | |||
Financing Receivable, Year Five | 7,731 | 7,731 | 3,981 | |||
Financing Receivable, Prior | 44,593 | 44,593 | 35,476 | |||
Financing Receivable, revolving | 2,101 | 2,101 | 2,090 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 155,297 | 155,297 | 119,240 | |||
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Special Mention [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 1,119 | |||
Financing Receivable, Year Four | 1,099 | 1,099 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 877 | 877 | 233 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 1,976 | 1,976 | 1,352 | |||
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Substandard [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 72 | |||
Financing Receivable, Year Four | 68 | 68 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 208 | 208 | 208 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 276 | 276 | 280 | |||
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | ||||||
Financing Receivable, Current Year | 941 | 941 | 2,868 | |||
Financing Receivable, Year Two | 23,010 | 23,010 | 13,191 | |||
Financing Receivable, Year Three | 12,041 | 12,041 | 7,679 | |||
Financing Receivable, Year Four | 5,264 | 5,264 | 3,776 | |||
Financing Receivable, Year Five | 4,342 | 4,342 | 13,017 | |||
Financing Receivable, Prior | 22,468 | 22,468 | 10,463 | |||
Financing Receivable, revolving | 0 | 0 | 115 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 68,066 | 68,066 | 51,109 | |||
Current Period Charge-Offs, Current Year | 0 | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | 0 | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | 0 | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | 0 | 0 | 0 | 0 | 0 | |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 941 | 941 | 2,868 | |||
Financing Receivable, Year Two | 23,010 | 23,010 | 13,191 | |||
Financing Receivable, Year Three | 12,041 | 12,041 | 7,679 | |||
Financing Receivable, Year Four | 5,264 | 5,264 | 3,776 | |||
Financing Receivable, Year Five | 4,342 | 4,342 | 13,017 | |||
Financing Receivable, Prior | 22,427 | 22,427 | 10,419 | |||
Financing Receivable, revolving | 0 | 0 | 115 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 68,025 | 68,025 | 51,065 | |||
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | Special Mention [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 41 | 41 | 44 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 41 | 41 | 44 | |||
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | Substandard [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | 0 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | 0 | |||
Commercial Real Estate Nonowner Occupied, Other [Member] | ||||||
Financing Receivable, Current Year | 44,744 | 44,744 | 100,230 | |||
Financing Receivable, Year Two | 110,091 | 110,091 | 123,551 | |||
Financing Receivable, Year Three | 115,570 | 115,570 | 52,592 | |||
Financing Receivable, Year Four | 56,980 | 56,980 | 12,281 | |||
Financing Receivable, Year Five | 17,942 | 17,942 | 5,982 | |||
Financing Receivable, Prior | 64,477 | 64,477 | 50,653 | |||
Financing Receivable, revolving | 9,258 | 9,258 | 1,953 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 419,062 | 419,062 | 347,242 | |||
Current Period Charge-Offs, Current Year | 0 | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | 0 | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | 0 | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | 0 | 0 | 0 | 0 | 0 | |
Commercial Real Estate Nonowner Occupied, Other [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 44,744 | 44,744 | 94,765 | |||
Financing Receivable, Year Two | 104,621 | 104,621 | 123,551 | |||
Financing Receivable, Year Three | 115,570 | 115,570 | 52,592 | |||
Financing Receivable, Year Four | 56,980 | 56,980 | 12,281 | |||
Financing Receivable, Year Five | 15,722 | 15,722 | 5,444 | |||
Financing Receivable, Prior | 58,943 | 58,943 | 47,752 | |||
Financing Receivable, revolving | 9,258 | 9,258 | 1,953 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 405,838 | 405,838 | 338,338 | |||
Commercial Real Estate Nonowner Occupied, Other [Member] | Special Mention [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 5,465 | |||
Financing Receivable, Year Two | 5,470 | 5,470 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 538 | |||
Financing Receivable, Prior | 176 | 176 | 0 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 5,646 | 5,646 | 6,003 | |||
Commercial Real Estate Nonowner Occupied, Other [Member] | Substandard [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 2,220 | 2,220 | 0 | |||
Financing Receivable, Prior | 5,358 | 5,358 | 2,901 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 7,578 | 7,578 | 2,901 | |||
Home Equity Line of Credit [Member] | ||||||
Financing Receivable, Current Year | 108 | 108 | 116 | |||
Financing Receivable, Year Two | 152 | 152 | 219 | |||
Financing Receivable, Year Three | 630 | 630 | 55 | |||
Financing Receivable, Year Four | 136 | 136 | 50 | |||
Financing Receivable, Year Five | 109 | 109 | 375 | |||
Financing Receivable, Prior | 3,425 | 3,425 | 3,205 | |||
Financing Receivable, revolving | 77,407 | 77,407 | 67,966 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 81,967 | 81,967 | 71,986 | |||
Current Period Charge-Offs, Current Year | 0 | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | 0 | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | 0 | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | 0 | 0 | 0 | (8) | (8) | |
Home Equity Line of Credit [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 108 | 108 | 65 | |||
Financing Receivable, Year Two | 152 | 152 | 219 | |||
Financing Receivable, Year Three | 605 | 605 | 55 | |||
Financing Receivable, Year Four | 123 | 123 | 50 | |||
Financing Receivable, Year Five | 54 | 54 | 192 | |||
Financing Receivable, Prior | 2,252 | 2,252 | 2,118 | |||
Financing Receivable, revolving | 76,154 | 76,154 | 67,155 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 79,448 | 79,448 | 69,854 | |||
Home Equity Line of Credit [Member] | Special Mention [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 18 | 18 | 125 | |||
Financing Receivable, Prior | 612 | 612 | 626 | |||
Financing Receivable, revolving | 1,027 | 1,027 | 757 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 1,657 | 1,657 | 1,508 | |||
Home Equity Line of Credit [Member] | Substandard [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 51 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 25 | 25 | 0 | |||
Financing Receivable, Year Four | 13 | 13 | 0 | |||
Financing Receivable, Year Five | 37 | 37 | 58 | |||
Financing Receivable, Prior | 561 | 561 | 461 | |||
Financing Receivable, revolving | 226 | 226 | 54 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 862 | 862 | 624 | |||
Credit Card Receivable [Member] | ||||||
Financing Receivable, Current Year | 2,197 | 2,197 | 2,182 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | 0 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 2,197 | 2,197 | 2,182 | |||
Current Period Charge-Offs, Current Year | (80) | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | 0 | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | 0 | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | (12) | (6) | (80) | (24) | (24) | |
Credit Card Receivable [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 2,197 | 2,197 | 2,182 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | 0 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 2,197 | 2,197 | 2,182 | |||
Commercial Real Estate Owner Occupied, Retail [Member] | ||||||
Financing Receivable, Current Year | 2,015 | 2,015 | 23,604 | |||
Financing Receivable, Year Two | 23,157 | 23,157 | 70,257 | |||
Financing Receivable, Year Three | 67,924 | 67,924 | 28,128 | |||
Financing Receivable, Year Four | 12,019 | 12,019 | 28,327 | |||
Financing Receivable, Year Five | 24,894 | 24,894 | 8,163 | |||
Financing Receivable, Prior | 37,333 | 37,333 | 27,491 | |||
Financing Receivable, revolving | 3,193 | 3,193 | 2,226 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 170,535 | 170,535 | 188,196 | |||
Current Period Charge-Offs, Current Year | 0 | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | 0 | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | 0 | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | 0 | (108) | 0 | (108) | (108) | |
Commercial Real Estate Owner Occupied, Retail [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 2,015 | 2,015 | 23,604 | |||
Financing Receivable, Year Two | 23,157 | 23,157 | 70,257 | |||
Financing Receivable, Year Three | 67,924 | 67,924 | 28,128 | |||
Financing Receivable, Year Four | 12,019 | 12,019 | 28,327 | |||
Financing Receivable, Year Five | 24,894 | 24,894 | 8,163 | |||
Financing Receivable, Prior | 35,064 | 35,064 | 26,538 | |||
Financing Receivable, revolving | 3,193 | 3,193 | 2,226 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 168,266 | 168,266 | 187,243 | |||
Commercial Real Estate Owner Occupied, Retail [Member] | Special Mention [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 1,870 | 1,870 | 603 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 1,870 | 1,870 | 603 | |||
Commercial Real Estate Owner Occupied, Retail [Member] | Substandard [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 399 | 399 | 350 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 399 | 399 | 350 | |||
Multifamily [Member] | ||||||
Financing Receivable, Current Year | 6,485 | 6,485 | 57,727 | |||
Financing Receivable, Year Two | 68,662 | 68,662 | 56,073 | |||
Financing Receivable, Year Three | 72,761 | 72,761 | 54,119 | |||
Financing Receivable, Year Four | 53,400 | 53,400 | 29,479 | |||
Financing Receivable, Year Five | 21,585 | 21,585 | 21,359 | |||
Financing Receivable, Prior | 70,785 | 70,785 | 53,302 | |||
Financing Receivable, revolving | 1,194 | 1,194 | 646 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 294,872 | 294,872 | 272,705 | |||
Current Period Charge-Offs, Current Year | 0 | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | 0 | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | 0 | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | 0 | 0 | 0 | 0 | 0 | |
Multifamily [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 6,485 | 6,485 | 57,727 | |||
Financing Receivable, Year Two | 68,662 | 68,662 | 56,073 | |||
Financing Receivable, Year Three | 72,761 | 72,761 | 53,558 | |||
Financing Receivable, Year Four | 52,991 | 52,991 | 29,479 | |||
Financing Receivable, Year Five | 21,585 | 21,585 | 21,359 | |||
Financing Receivable, Prior | 70,641 | 70,641 | 53,244 | |||
Financing Receivable, revolving | 1,194 | 1,194 | 646 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 294,319 | 294,319 | 272,086 | |||
Multifamily [Member] | Special Mention [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 81 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | 0 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | 81 | |||
Multifamily [Member] | Substandard [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 480 | |||
Financing Receivable, Year Four | 409 | 409 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 144 | 144 | 58 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 553 | 553 | 538 | |||
Commercial Real Estate Non Owner Occupied [Member] | ||||||
Financing Receivable, Current Year | 105,383 | 105,383 | 239,162 | |||
Financing Receivable, Year Two | 292,818 | 292,818 | 246,897 | |||
Financing Receivable, Year Three | 270,530 | 270,530 | 159,907 | |||
Financing Receivable, Year Four | 177,957 | 177,957 | 127,582 | |||
Financing Receivable, Year Five | 126,773 | 126,773 | 62,715 | |||
Financing Receivable, Prior | 225,326 | 225,326 | 154,257 | |||
Financing Receivable, revolving | 18,242 | 18,242 | 13,848 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 1,217,029 | 1,217,029 | 1,004,368 | |||
Land and Land Improvements [Member] | ||||||
Financing Receivable, Current Year | 23,963 | 23,963 | 27,857 | |||
Financing Receivable, Year Two | 26,467 | 26,467 | 23,490 | |||
Financing Receivable, Year Three | 21,003 | 21,003 | 10,819 | |||
Financing Receivable, Year Four | 9,592 | 9,592 | 13,504 | |||
Financing Receivable, Year Five | 4,260 | 4,260 | 5,142 | |||
Financing Receivable, Prior | 18,939 | 18,939 | 18,066 | |||
Financing Receivable, revolving | 10,130 | 10,130 | 7,484 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 114,354 | 114,354 | 106,362 | |||
Current Period Charge-Offs, Current Year | 0 | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | 0 | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | 0 | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | 0 | 0 | 0 | (72) | (71) | |
Land and Land Improvements [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 23,963 | 23,963 | 27,857 | |||
Financing Receivable, Year Two | 26,467 | 26,467 | 23,490 | |||
Financing Receivable, Year Three | 21,003 | 21,003 | 10,670 | |||
Financing Receivable, Year Four | 9,446 | 9,446 | 13,395 | |||
Financing Receivable, Year Five | 4,104 | 4,104 | 5,142 | |||
Financing Receivable, Prior | 17,331 | 17,331 | 15,859 | |||
Financing Receivable, revolving | 10,130 | 10,130 | 7,484 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 112,444 | 112,444 | 103,897 | |||
Land and Land Improvements [Member] | Special Mention [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 149 | |||
Financing Receivable, Year Four | 146 | 146 | 109 | |||
Financing Receivable, Year Five | 156 | 156 | 0 | |||
Financing Receivable, Prior | 433 | 433 | 473 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 735 | 735 | 731 | |||
Land and Land Improvements [Member] | Substandard [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 1,175 | 1,175 | 1,734 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 1,175 | 1,175 | 1,734 | |||
Bank Overdrafts [Member] | ||||||
Financing Receivable, Current Year | 4,551 | 4,551 | 1,352 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | 0 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 4,551 | 4,551 | 1,352 | |||
Current Period Charge-Offs, Current Year | (363) | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | 0 | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | 0 | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | (138) | (44) | (363) | (318) | (433) | |
Bank Overdrafts [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 4,551 | 4,551 | 1,352 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | 0 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 4,551 | 4,551 | 1,352 | |||
Residential 1-4 Family Real Estate [Member] | ||||||
Financing Receivable, Current Year | 59,393 | 59,393 | 90,351 | |||
Financing Receivable, Year Two | 132,333 | 132,333 | 98,035 | |||
Financing Receivable, Year Three | 121,520 | 121,520 | 53,097 | |||
Financing Receivable, Year Four | 55,243 | 55,243 | 31,635 | |||
Financing Receivable, Year Five | 32,181 | 32,181 | 30,205 | |||
Financing Receivable, Prior | 205,529 | 205,529 | 172,884 | |||
Financing Receivable, revolving | 86,681 | 86,681 | 74,756 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 692,880 | 692,880 | 550,963 | |||
Commercial Real Estate Owner Occupied, Other [Member] | ||||||
Financing Receivable, Current Year | 22,285 | 22,285 | 43,811 | |||
Financing Receivable, Year Two | 49,419 | 49,419 | 27,230 | |||
Financing Receivable, Year Three | 37,362 | 37,362 | 24,870 | |||
Financing Receivable, Year Four | 25,994 | 25,994 | 7,778 | |||
Financing Receivable, Year Five | 16,266 | 16,266 | 15,453 | |||
Financing Receivable, Prior | 64,300 | 64,300 | 35,428 | |||
Financing Receivable, revolving | 4,176 | 4,176 | 3,412 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 219,802 | 219,802 | 157,982 | |||
Current Period Charge-Offs, Current Year | 0 | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | 0 | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | (28) | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | (27) | 0 | (28) | 0 | (61) | |
Commercial Real Estate Owner Occupied, Other [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 22,285 | 22,285 | 43,811 | |||
Financing Receivable, Year Two | 49,419 | 49,419 | 27,174 | |||
Financing Receivable, Year Three | 37,308 | 37,308 | 24,870 | |||
Financing Receivable, Year Four | 25,994 | 25,994 | 7,778 | |||
Financing Receivable, Year Five | 15,769 | 15,769 | 15,346 | |||
Financing Receivable, Prior | 61,802 | 61,802 | 34,720 | |||
Financing Receivable, revolving | 4,140 | 4,140 | 3,412 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 216,717 | 216,717 | 157,111 | |||
Commercial Real Estate Owner Occupied, Other [Member] | Special Mention [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 56 | |||
Financing Receivable, Year Three | 54 | 54 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 130 | 130 | 0 | |||
Financing Receivable, Prior | 1,717 | 1,717 | 392 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 1,901 | 1,901 | 448 | |||
Commercial Real Estate Owner Occupied, Other [Member] | Substandard [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 367 | 367 | 107 | |||
Financing Receivable, Prior | 781 | 781 | 316 | |||
Financing Receivable, revolving | 36 | 36 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 1,184 | 1,184 | 423 | |||
Other Financing Receivable [Member] | ||||||
Financing Receivable, Current Year | 6,748 | 6,748 | 3,534 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | 0 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 6,748 | 6,748 | 3,534 | |||
Construction Loans [Member] | ||||||
Financing Receivable, Current Year | 40,007 | 40,007 | 82,650 | |||
Financing Receivable, Year Two | 89,228 | 89,228 | 140,764 | |||
Financing Receivable, Year Three | 176,164 | 176,164 | 54,584 | |||
Financing Receivable, Year Four | 41,738 | 41,738 | 317 | |||
Financing Receivable, Year Five | 0 | 0 | 1,680 | |||
Financing Receivable, Prior | 1,315 | 1,315 | 0 | |||
Financing Receivable, revolving | 597 | 597 | 2,940 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 349,049 | 349,049 | 282,935 | |||
Current Period Charge-Offs, Current Year | 0 | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | 0 | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | 0 | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | 0 | 0 | 0 | 0 | 0 | |
Construction Loans [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 40,007 | 40,007 | 82,650 | |||
Financing Receivable, Year Two | 89,228 | 89,228 | 140,764 | |||
Financing Receivable, Year Three | 176,164 | 176,164 | 54,584 | |||
Financing Receivable, Year Four | 41,738 | 41,738 | 317 | |||
Financing Receivable, Year Five | 0 | 0 | 1,355 | |||
Financing Receivable, Prior | 1,315 | 1,315 | 0 | |||
Financing Receivable, revolving | 597 | 597 | 2,940 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 349,049 | 349,049 | 282,610 | |||
Construction Loans [Member] | Special Mention [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 0 | |||
Financing Receivable, Prior | 0 | 0 | 0 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | 0 | |||
Construction Loans [Member] | Substandard [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 0 | |||
Financing Receivable, Year Three | 0 | 0 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 0 | |||
Financing Receivable, Year Five | 0 | 0 | 325 | |||
Financing Receivable, Prior | 0 | 0 | 0 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | 325 | |||
Commercial Real Estate Owner Occupied [Member] | ||||||
Financing Receivable, Current Year | 40,963 | 40,963 | 81,165 | |||
Financing Receivable, Year Two | 93,204 | 93,204 | 144,497 | |||
Financing Receivable, Year Three | 159,061 | 159,061 | 64,501 | |||
Financing Receivable, Year Four | 48,986 | 48,986 | 42,726 | |||
Financing Receivable, Year Five | 48,891 | 48,891 | 27,597 | |||
Financing Receivable, Prior | 147,311 | 147,311 | 98,836 | |||
Financing Receivable, revolving | 9,470 | 9,470 | 7,728 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 547,886 | 547,886 | 467,050 | |||
Construction and Development Financial Receivable [Member] | ||||||
Financing Receivable, Current Year | 63,970 | 63,970 | 110,507 | |||
Financing Receivable, Year Two | 115,695 | 115,695 | 164,254 | |||
Financing Receivable, Year Three | 197,167 | 197,167 | 65,403 | |||
Financing Receivable, Year Four | 51,330 | 51,330 | 13,821 | |||
Financing Receivable, Year Five | 4,260 | 4,260 | 6,822 | |||
Financing Receivable, Prior | 20,254 | 20,254 | 18,066 | |||
Financing Receivable, revolving | 10,727 | 10,727 | 10,424 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 463,403 | 463,403 | 389,297 | |||
Residential 1-4 Family Real Estate, Personal Residence [Member] | ||||||
Financing Receivable, Current Year | 39,380 | 39,380 | 38,783 | |||
Financing Receivable, Year Two | 66,849 | 66,849 | 39,537 | |||
Financing Receivable, Year Three | 56,047 | 56,047 | 30,297 | |||
Financing Receivable, Year Four | 32,526 | 32,526 | 16,803 | |||
Financing Receivable, Year Five | 17,592 | 17,592 | 17,556 | |||
Financing Receivable, Prior | 142,584 | 142,584 | 122,350 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 354,978 | 354,978 | 265,326 | |||
Current Period Charge-Offs, Current Year | 0 | |||||
Current Period Charge-Offs, Year Two | 0 | |||||
Current Period Charge-Offs, Year Three | 0 | |||||
Current Period Charge-Offs, Year Four | 0 | |||||
Current Period Charge-Offs, Year Five | 0 | |||||
Current Period Charge-Offs, prior | (48) | |||||
Current Period Charge-Offs, revolving | 0 | |||||
Current Period Charge-Offs, revolving term | 0 | |||||
Current Period Charge-Offs, Total | 0 | $ (21) | (48) | $ (105) | (112) | |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Pass [Member] | ||||||
Financing Receivable, Current Year | 39,162 | 39,162 | 38,783 | |||
Financing Receivable, Year Two | 66,833 | 66,833 | 39,416 | |||
Financing Receivable, Year Three | 55,930 | 55,930 | 30,297 | |||
Financing Receivable, Year Four | 32,526 | 32,526 | 16,003 | |||
Financing Receivable, Year Five | 16,831 | 16,831 | 16,581 | |||
Financing Receivable, Prior | 125,352 | 125,352 | 105,822 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 336,634 | 336,634 | 246,902 | |||
Residential 1-4 Family Real Estate, Personal Residence [Member] | Special Mention [Member] | ||||||
Financing Receivable, Current Year | 218 | 218 | 0 | |||
Financing Receivable, Year Two | 16 | 16 | 53 | |||
Financing Receivable, Year Three | 51 | 51 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 180 | |||
Financing Receivable, Year Five | 176 | 176 | 74 | |||
Financing Receivable, Prior | 9,415 | 9,415 | 9,074 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | 9,876 | 9,876 | 9,381 | |||
Residential 1-4 Family Real Estate, Personal Residence [Member] | Substandard [Member] | ||||||
Financing Receivable, Current Year | 0 | 0 | 0 | |||
Financing Receivable, Year Two | 0 | 0 | 68 | |||
Financing Receivable, Year Three | 66 | 66 | 0 | |||
Financing Receivable, Year Four | 0 | 0 | 620 | |||
Financing Receivable, Year Five | 585 | 585 | 901 | |||
Financing Receivable, Prior | 7,817 | 7,817 | 7,454 | |||
Financing Receivable, revolving | 0 | 0 | 0 | |||
Financing Receivable, revolving term | 0 | 0 | 0 | |||
Loans and Leases Receivable, Net of Deferred Income | $ 8,468 | $ 8,468 | $ 9,043 | |||
[1]Derived from audited consolidated financial statements |
Note 6 - Loans and Allowance_12
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) - Allowance for Credit Loss (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |||
Financing Receivable, Allowance for Credit Loss | $ 45,681 | $ 35,063 | $ 38,899 | [1] | $ 32,298 | $ 32,298 | |
Financing Receivable, Provision for Credit Losses loans | 1,670 | 1,695 | 10,785 | 5,128 | 7,278 | ||
Financing Receivable, Charge offs | (226) | (265) | (4,400) | (1,189) | (1,439) | ||
Financing Receivable, Recoveries | 108 | 257 | 454 | 513 | 762 | ||
Financing Receivable, Adjustment | 1,495 | ||||||
Financing Receivable, Allowance for Credit Loss | 47,233 | 36,750 | 47,233 | 36,750 | 38,899 | [1] | |
Commercial Loans [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 4,708 | 4,545 | 4,941 | 3,218 | 3,218 | ||
Financing Receivable, Provision for Credit Losses loans | (159) | 531 | (376) | 1,990 | 1,774 | ||
Financing Receivable, Charge offs | 0 | (35) | (20) | (237) | (237) | ||
Financing Receivable, Recoveries | 5 | 77 | 9 | 147 | 186 | ||
Financing Receivable, Adjustment | 0 | ||||||
Financing Receivable, Allowance for Credit Loss | 4,554 | 5,118 | 4,554 | 5,118 | 4,941 | ||
Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 1,169 | 1,180 | 966 | 1,092 | 1,092 | ||
Financing Receivable, Provision for Credit Losses loans | 24 | (231) | 201 | (143) | (126) | ||
Financing Receivable, Charge offs | 0 | 0 | (3) | 0 | 0 | ||
Financing Receivable, Recoveries | 0 | 0 | 0 | 0 | 0 | ||
Financing Receivable, Adjustment | 29 | ||||||
Financing Receivable, Allowance for Credit Loss | 1,193 | 949 | 1,193 | 949 | 966 | ||
Commercial Real Estate Owner Occupied, Retail [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 1,183 | 1,597 | 1,176 | 1,362 | 1,362 | ||
Financing Receivable, Provision for Credit Losses loans | (459) | 82 | (535) | 316 | (79) | ||
Financing Receivable, Charge offs | 0 | (108) | 0 | (108) | (108) | ||
Financing Receivable, Recoveries | 0 | 0 | 1 | 1 | 1 | ||
Financing Receivable, Adjustment | 82 | ||||||
Financing Receivable, Allowance for Credit Loss | 724 | 1,571 | 724 | 1,571 | 1,176 | ||
Commercial Real Estate Owner Occupied, Other [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 638 | 457 | 426 | 575 | 575 | ||
Financing Receivable, Provision for Credit Losses loans | 9 | (4) | (162) | (122) | (88) | ||
Financing Receivable, Charge offs | (27) | 0 | (28) | 0 | (61) | ||
Financing Receivable, Recoveries | 0 | 0 | 0 | 0 | 0 | ||
Financing Receivable, Adjustment | 384 | ||||||
Financing Receivable, Allowance for Credit Loss | 620 | 453 | 620 | 453 | 426 | ||
Commercial Real Estate Nonowner Occupied Hotels and Motel [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 1,790 | 1,159 | 1,203 | 2,532 | 2,532 | ||
Financing Receivable, Provision for Credit Losses loans | 1,071 | 93 | 1,658 | (1,280) | (1,329) | ||
Financing Receivable, Charge offs | 0 | 0 | 0 | 0 | 0 | ||
Financing Receivable, Recoveries | 0 | 0 | 0 | 0 | 0 | ||
Financing Receivable, Adjustment | 0 | ||||||
Financing Receivable, Allowance for Credit Loss | 2,861 | 1,252 | 2,861 | 1,252 | 1,203 | ||
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 86 | 97 | 82 | 133 | 133 | ||
Financing Receivable, Provision for Credit Losses loans | 13 | (11) | 17 | (47) | (51) | ||
Financing Receivable, Charge offs | 0 | 0 | 0 | 0 | 0 | ||
Financing Receivable, Recoveries | 0 | 0 | 0 | 0 | 0 | ||
Financing Receivable, Adjustment | 0 | ||||||
Financing Receivable, Allowance for Credit Loss | 99 | 86 | 99 | 86 | 82 | ||
Multifamily [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 3,545 | 2,330 | 2,907 | 1,821 | 1,821 | ||
Financing Receivable, Provision for Credit Losses loans | (136) | (118) | 498 | 387 | 1,080 | ||
Financing Receivable, Charge offs | 0 | 0 | 0 | 0 | 0 | ||
Financing Receivable, Recoveries | 1 | 0 | 4 | 4 | 6 | ||
Financing Receivable, Adjustment | 1 | ||||||
Financing Receivable, Allowance for Credit Loss | 3,410 | 2,212 | 3,410 | 2,212 | 2,907 | ||
Commercial Real Estate Nonowner Occupied, Retail [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 2,271 | 1,891 | 1,362 | 1,074 | 1,074 | ||
Financing Receivable, Provision for Credit Losses loans | (43) | (560) | 4,349 | 254 | 228 | ||
Financing Receivable, Charge offs | 0 | 0 | (3,658) | 0 | 0 | ||
Financing Receivable, Recoveries | 19 | 52 | 95 | 55 | 60 | ||
Financing Receivable, Adjustment | 99 | ||||||
Financing Receivable, Allowance for Credit Loss | 2,247 | 1,383 | 2,247 | 1,383 | 1,362 | ||
Commercial Real Estate Nonowner Occupied, Other [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 3,363 | 2,103 | 2,452 | 1,820 | 1,820 | ||
Financing Receivable, Provision for Credit Losses loans | (574) | 48 | (301) | 325 | 593 | ||
Financing Receivable, Charge offs | 0 | 0 | 0 | 0 | 0 | ||
Financing Receivable, Recoveries | 3 | 30 | 9 | 36 | 39 | ||
Financing Receivable, Adjustment | 632 | ||||||
Financing Receivable, Allowance for Credit Loss | 2,792 | 2,181 | 2,792 | 2,181 | 2,452 | ||
Land and Land Improvements [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 4,688 | 3,600 | 3,482 | 3,468 | 3,468 | ||
Financing Receivable, Provision for Credit Losses loans | 17 | (95) | 1,218 | 104 | 76 | ||
Financing Receivable, Charge offs | 0 | 0 | 0 | (72) | (71) | ||
Financing Receivable, Recoveries | 2 | 2 | 6 | 7 | 9 | ||
Financing Receivable, Adjustment | 1 | ||||||
Financing Receivable, Allowance for Credit Loss | 4,707 | 3,507 | 4,707 | 3,507 | 3,482 | ||
Construction Loans [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 12,418 | 8,208 | 11,138 | 6,346 | 6,346 | ||
Financing Receivable, Provision for Credit Losses loans | 1,009 | 1,644 | 2,289 | 3,506 | 4,792 | ||
Financing Receivable, Charge offs | 0 | 0 | 0 | 0 | 0 | ||
Financing Receivable, Recoveries | 0 | 0 | 0 | 0 | 0 | ||
Financing Receivable, Adjustment | 0 | ||||||
Financing Receivable, Allowance for Credit Loss | 13,427 | 9,852 | 13,427 | 9,852 | 11,138 | ||
Residential 1-4 Family Real Estate, Personal Residence [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 3,221 | 2,669 | 2,939 | 2,765 | 2,765 | ||
Financing Receivable, Provision for Credit Losses loans | (17) | 4 | 163 | (38) | 230 | ||
Financing Receivable, Charge offs | 0 | (21) | (48) | (105) | (112) | ||
Financing Receivable, Recoveries | 13 | 13 | 95 | 43 | 56 | ||
Financing Receivable, Adjustment | 68 | ||||||
Financing Receivable, Allowance for Credit Loss | 3,217 | 2,665 | 3,217 | 2,665 | 2,939 | ||
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 2,175 | 2,097 | 1,907 | 2,834 | 2,834 | ||
Financing Receivable, Provision for Credit Losses loans | (70) | (124) | 114 | (683) | (848) | ||
Financing Receivable, Charge offs | 0 | (4) | 0 | (196) | (211) | ||
Financing Receivable, Recoveries | 7 | 12 | 23 | 26 | 132 | ||
Financing Receivable, Adjustment | 68 | ||||||
Financing Receivable, Allowance for Credit Loss | 2,112 | 1,981 | 2,112 | 1,981 | 1,907 | ||
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 3,376 | 2,181 | 2,668 | 2,374 | 2,374 | ||
Financing Receivable, Provision for Credit Losses loans | (172) | 442 | 535 | 249 | 294 | ||
Financing Receivable, Charge offs | 0 | 0 | 0 | 0 | 0 | ||
Financing Receivable, Recoveries | 0 | 0 | 0 | 0 | 0 | ||
Financing Receivable, Adjustment | 1 | ||||||
Financing Receivable, Allowance for Credit Loss | 3,204 | 2,623 | 3,204 | 2,623 | 2,668 | ||
Home Equity Line of Credit [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 544 | 399 | 705 | 497 | 497 | ||
Financing Receivable, Provision for Credit Losses loans | 170 | 17 | (152) | (82) | 179 | ||
Financing Receivable, Charge offs | 0 | 0 | 0 | (8) | (8) | ||
Financing Receivable, Recoveries | 8 | 11 | 39 | 20 | 37 | ||
Financing Receivable, Adjustment | 130 | ||||||
Financing Receivable, Allowance for Credit Loss | 722 | 427 | 722 | 427 | 705 | ||
Mortgage Warehouse Lines [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 0 | 0 | 0 | 0 | 0 | ||
Financing Receivable, Provision for Credit Losses loans | 0 | 0 | 0 | 0 | 0 | ||
Financing Receivable, Charge offs | 0 | 0 | 0 | 0 | 0 | ||
Financing Receivable, Recoveries | 0 | 0 | 0 | 0 | 0 | ||
Financing Receivable, Adjustment | 0 | ||||||
Financing Receivable, Allowance for Credit Loss | 0 | 0 | 0 | 0 | 0 | ||
Consumer Portfolio Segment [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 210 | 254 | 174 | 163 | 163 | ||
Financing Receivable, Provision for Credit Losses loans | 16 | (61) | 123 | 55 | 70 | ||
Financing Receivable, Charge offs | (49) | (47) | (200) | (121) | (174) | ||
Financing Receivable, Recoveries | 26 | 30 | 106 | 79 | 115 | ||
Financing Receivable, Adjustment | 0 | ||||||
Financing Receivable, Allowance for Credit Loss | 203 | 176 | 203 | 176 | 174 | ||
Credit Card Receivable [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 23 | 17 | 17 | 17 | 17 | ||
Financing Receivable, Provision for Credit Losses loans | 10 | (7) | 82 | 9 | 7 | ||
Financing Receivable, Charge offs | (12) | (6) | (80) | (24) | (24) | ||
Financing Receivable, Recoveries | 4 | 13 | 6 | 15 | 17 | ||
Financing Receivable, Adjustment | 0 | ||||||
Financing Receivable, Allowance for Credit Loss | 25 | 17 | 25 | 17 | 17 | ||
Bank Overdrafts [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | 273 | 279 | 354 | 207 | 207 | ||
Financing Receivable, Provision for Credit Losses loans | 961 | 45 | 1,064 | 328 | 476 | ||
Financing Receivable, Charge offs | (138) | (44) | (363) | (318) | (433) | ||
Financing Receivable, Recoveries | 20 | 17 | 61 | 80 | 104 | ||
Financing Receivable, Adjustment | 0 | ||||||
Financing Receivable, Allowance for Credit Loss | $ 1,116 | $ 297 | $ 1,116 | $ 297 | $ 354 | ||
[1]Derived from audited consolidated financial statements |
Note 6 - Loans and Allowance_13
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) - Impaired Financing Receivables (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | ||
Financing Receivable, Loans Individually Evaluated | $ 55,222 | $ 31,245 | ||||||
Financing Receivable, Loans Collectively Evaluated | 3,543,697 | [1] | 3,051,573 | [2] | ||||
Loans, net of unearned fees | 3,598,919 | 3,082,818 | [3] | |||||
Allowance for Credit Losses, Loans Individually Evaluated | 2,485 | 1,378 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 44,748 | 37,521 | ||||||
Allowance for Credit Losses, Total | 47,233 | $ 45,681 | 38,899 | [3] | $ 36,750 | $ 35,063 | $ 32,298 | |
Commercial Loans [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 22,226 | 104 | ||||||
Financing Receivable, Loans Collectively Evaluated | 489,725 | [1] | 501,740 | [2] | ||||
Loans, net of unearned fees | 511,951 | 501,844 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 5 | 0 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 4,549 | 4,941 | ||||||
Allowance for Credit Losses, Total | 4,554 | 4,708 | 4,941 | 5,118 | 4,545 | 3,218 | ||
Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 0 | 1,969 | ||||||
Financing Receivable, Loans Collectively Evaluated | 157,549 | [1] | 118,903 | [2] | ||||
Loans, net of unearned fees | 157,549 | 120,872 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 212 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 1,193 | 754 | ||||||
Allowance for Credit Losses, Total | 1,193 | 1,169 | 966 | 949 | 1,180 | 1,092 | ||
Commercial Real Estate Owner Occupied, Retail [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 0 | 4,544 | ||||||
Financing Receivable, Loans Collectively Evaluated | 170,535 | [1] | 183,652 | [2] | ||||
Loans, net of unearned fees | 170,535 | 188,196 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 724 | 1,176 | ||||||
Allowance for Credit Losses, Total | 724 | 1,183 | 1,176 | 1,571 | 1,597 | 1,362 | ||
Commercial Real Estate Owner Occupied, Other [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||||
Financing Receivable, Loans Collectively Evaluated | 219,802 | [1] | 157,982 | [2] | ||||
Loans, net of unearned fees | 219,802 | 157,982 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 620 | 426 | ||||||
Allowance for Credit Losses, Total | 620 | 638 | 426 | 453 | 457 | 575 | ||
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 17,124 | 2,939 | ||||||
Financing Receivable, Loans Collectively Evaluated | 162,988 | [1] | 138,103 | [2] | ||||
Loans, net of unearned fees | 180,112 | 141,042 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 1,477 | 0 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 1,384 | 1,203 | ||||||
Allowance for Credit Losses, Total | 2,861 | 1,203 | ||||||
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||||
Financing Receivable, Loans Collectively Evaluated | 68,066 | [1] | 51,109 | [2] | ||||
Loans, net of unearned fees | 68,066 | 51,109 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 99 | 82 | ||||||
Allowance for Credit Losses, Total | 99 | 86 | 82 | 86 | 97 | 133 | ||
Multifamily [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||||
Financing Receivable, Loans Collectively Evaluated | 294,872 | [1] | 272,705 | [2] | ||||
Loans, net of unearned fees | 294,872 | 272,705 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 3,410 | 2,907 | ||||||
Allowance for Credit Losses, Total | 3,410 | 3,545 | 2,907 | 2,212 | 2,330 | 1,821 | ||
Commercial Real Estate Nonowner Occupied, Retail [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 4,718 | 9,906 | ||||||
Financing Receivable, Loans Collectively Evaluated | 250,199 | [1] | 182,364 | [2] | ||||
Loans, net of unearned fees | 254,917 | 192,270 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 79 | 95 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 2,168 | 1,267 | ||||||
Allowance for Credit Losses, Total | 2,247 | 2,271 | 1,362 | 1,383 | 1,891 | 1,074 | ||
Commercial Real Estate Nonowner Occupied, Other [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 7,855 | 5,551 | ||||||
Financing Receivable, Loans Collectively Evaluated | 411,207 | [1] | 341,691 | [2] | ||||
Loans, net of unearned fees | 419,062 | 347,242 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 223 | 287 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 2,569 | 2,165 | ||||||
Allowance for Credit Losses, Total | 2,792 | 3,363 | 2,452 | 2,181 | 2,103 | 1,820 | ||
Land and Land Improvements [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 750 | 1,398 | ||||||
Financing Receivable, Loans Collectively Evaluated | 113,604 | [1] | 104,964 | [2] | ||||
Loans, net of unearned fees | 114,354 | 106,362 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 503 | 502 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 4,204 | 2,980 | ||||||
Allowance for Credit Losses, Total | 4,707 | 4,688 | 3,482 | 3,507 | 3,600 | 3,468 | ||
Construction Loans [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||||
Financing Receivable, Loans Collectively Evaluated | 349,049 | [1] | 282,935 | [2] | ||||
Loans, net of unearned fees | 349,049 | 282,935 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 13,427 | 11,138 | ||||||
Allowance for Credit Losses, Total | 13,427 | 12,418 | 11,138 | 9,852 | 8,208 | 6,346 | ||
Residential 1-4 Family Real Estate, Personal Residence [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||||
Financing Receivable, Loans Collectively Evaluated | 354,978 | [1] | 265,326 | [2] | ||||
Loans, net of unearned fees | 354,978 | 265,326 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 3,217 | 2,939 | ||||||
Allowance for Credit Losses, Total | 3,217 | 3,221 | 2,939 | 2,665 | 2,669 | 2,765 | ||
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 1,274 | 1,159 | ||||||
Financing Receivable, Loans Collectively Evaluated | 140,824 | [1] | 120,389 | [2] | ||||
Loans, net of unearned fees | 142,098 | 121,548 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 198 | 282 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 1,914 | 1,625 | ||||||
Allowance for Credit Losses, Total | 2,112 | 2,175 | 1,907 | 1,981 | 2,097 | 2,834 | ||
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 1,275 | 3,675 | ||||||
Financing Receivable, Loans Collectively Evaluated | 112,562 | [1] | 88,428 | [2] | ||||
Loans, net of unearned fees | 113,837 | 92,103 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 3,204 | 2,668 | ||||||
Allowance for Credit Losses, Total | 3,204 | 3,376 | 2,668 | 2,623 | 2,181 | 2,374 | ||
Home Equity Loan [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||||
Financing Receivable, Loans Collectively Evaluated | 81,967 | [1] | 71,986 | [2] | ||||
Loans, net of unearned fees | 81,967 | 71,986 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 722 | 705 | ||||||
Allowance for Credit Losses, Total | 722 | 705 | ||||||
Mortgage Warehouse Lines [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||||
Financing Receivable, Loans Collectively Evaluated | 114,734 | [1] | 130,390 | [2] | ||||
Loans, net of unearned fees | 114,734 | 130,390 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 0 | 0 | ||||||
Allowance for Credit Losses, Total | 0 | 0 | 0 | 0 | 0 | 0 | ||
Consumer Portfolio Segment [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||||
Financing Receivable, Loans Collectively Evaluated | 44,288 | [1] | 35,372 | [2] | ||||
Loans, net of unearned fees | 44,288 | 35,372 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 203 | 174 | ||||||
Allowance for Credit Losses, Total | 203 | 210 | 174 | 176 | 254 | 163 | ||
Credit Card Receivable [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||||
Financing Receivable, Loans Collectively Evaluated | 2,197 | [1] | 2,182 | [2] | ||||
Loans, net of unearned fees | 2,197 | 2,182 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 25 | 17 | ||||||
Allowance for Credit Losses, Total | 25 | 23 | 17 | 17 | 17 | 17 | ||
Bank Overdrafts [Member] | ||||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||||
Financing Receivable, Loans Collectively Evaluated | 4,551 | [1] | 1,352 | [2] | ||||
Loans, net of unearned fees | 4,551 | 1,352 | ||||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||||
Allowance for Credit Losses, Loans Collectively Evaluated | 1,116 | 354 | ||||||
Allowance for Credit Losses, Total | $ 1,116 | $ 273 | $ 354 | $ 297 | $ 279 | $ 207 | ||
[1]Included in the loans collectively evaluated are $9.9 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 $8.5 million in fully guaranteed or cash secured loans, which are excluded from the pools collectively evaluated and carry no allowance.[3]Derived from audited consolidated financial statements |
Note 6 - Loans and Allowance_14
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) - Collateral Dependent Financing Receivables (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Financing Receivable, Individually Evaluated for Impairment | $ 55,222 | $ 31,245 |
Financing Receivable, Allowance for Credit Losses | 2,485 | 1,378 |
Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 32,996 | 31,141 |
Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 22,226 | 104 |
Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 55,222 | 31,245 |
Financing Receivable, Allowance for Credit Losses | 2,485 | 1,378 |
Commercial Loans [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 22,226 | 104 |
Financing Receivable, Allowance for Credit Losses | 5 | 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 | 22,226 | 104 |
Commercial Loans [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 22,226 | 104 |
Financing Receivable, Allowance for Credit Losses | 5 | 0 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 1,969 |
Financing Receivable, Allowance for Credit Losses | 0 | 212 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 1,969 |
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 | 0 | 1,969 |
Financing Receivable, Allowance for Credit Losses | 0 | 212 |
Commercial Real Estate Owner Occupied, Retail [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 4,544 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Commercial Real Estate Owner Occupied, Retail [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 4,544 |
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 | 0 | 4,544 |
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 | 17,124 | 2,939 |
Financing Receivable, Allowance for Credit Losses | 1,477 | 0 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 17,124 | 2,939 |
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 | 17,124 | 2,939 |
Financing Receivable, Allowance for Credit Losses | 1,477 | 0 |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
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 | 0 |
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 | 0 |
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 | 4,718 | 9,906 |
Financing Receivable, Allowance for Credit Losses | 79 | 95 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 4,718 | 9,906 |
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 | 4,718 | 9,906 |
Financing Receivable, Allowance for Credit Losses | 79 | 95 |
Commercial Real Estate Nonowner Occupied, Other [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 7,855 | 5,551 |
Financing Receivable, Allowance for Credit Losses | 223 | 287 |
Commercial Real Estate Nonowner Occupied, Other [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 7,855 | 5,551 |
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 | 7,855 | 5,551 |
Financing Receivable, Allowance for Credit Losses | 223 | 287 |
Land and Land Improvements [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 750 | 1,398 |
Financing Receivable, Allowance for Credit Losses | 503 | 502 |
Land and Land Improvements [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 750 | 1,398 |
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 | 750 | 1,398 |
Financing Receivable, Allowance for Credit Losses | 503 | 502 |
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 | 1,274 | 1,159 |
Financing Receivable, Allowance for Credit Losses | 198 | 282 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 1,274 | 1,159 |
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 | 1,274 | 1,159 |
Financing Receivable, Allowance for Credit Losses | 198 | 282 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 1,275 | 3,675 |
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 | 1,275 | 3,675 |
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 | 1,275 | 3,675 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Home Equity Loan [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Home Equity Loan [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
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 | 0 |
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 7 - Goodwill and Other I_3
Note 7 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Goodwill, Impairment Loss | $ 0 | |||
Amortization of Intangible Assets | $ 998,000 | $ 354,000 | $ 2,340,000 | $ 1,088,000 |
Note 7 - Goodwill and Other I_4
Note 7 - Goodwill and Other Intangible Assets - Schedule of Goodwill (Details) $ in Thousands | 9 Months Ended |
Sep. 30, 2023 USD ($) | |
Balance, Goodwill | $ 55,347 |
Reclassifications from goodwill | 0 |
Acquired goodwill | 687 |
Balance, Goodwill | $ 56,034 |
Note 7 - Goodwill and Other I_5
Note 7 - Goodwill and Other Intangible Assets - Intangible Assets (Details) - Other Intangible Assets [Member] - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Finite-Lived Intangible Assets, Gross carrying amount | $ 30,755 | $ 15,828 |
Finite-Lived Intangible Assets, Less: accumulated amortization | 11,364 | 9,025 |
Finite-Lived Intangible Assets, Net carrying amount | $ 19,391 | $ 6,803 |
Note 7 - Goodwill and Other I_6
Note 7 - Goodwill and Other Intangible Assets - Amortization of Identifiable Intangible Assets (Details) - Core Deposits [Member] $ in Thousands | Sep. 30, 2023 USD ($) |
Three month period ending December 31, 2023 | $ 996 |
Finite-Lived Intangible Asset, Expected Amortization, Year ending December 31, 2024 | 3,669 |
Finite-Lived Intangible Asset, Expected Amortization, Year ending December 31, 2025 | 3,258 |
Finite-Lived Intangible Asset, Expected Amortization, Year ending December 31, 2026 | 2,846 |
Finite-Lived Intangible Asset, Expected Amortization, Year ending December 31, 2027 | 2,433 |
Finite-Lived Intangible Asset, Expected Amortization, Thereafter | $ 6,119 |
Note 8 - Deposits (Details Text
Note 8 - Deposits (Details Textual) - USD ($) $ in Millions | Sep. 30, 2023 | Dec. 31, 2022 |
Deposits, Wholesale | $ 32.8 | $ 32.8 |
Time Deposits, at or Above FDIC Insurance Limit | $ 135.9 | $ 88 |
Note 8 - Deposits - Deposit Lia
Note 8 - Deposits - Deposit Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 | |
Demand deposits, interest bearing | $ 2,144,737 | $ 1,743,299 | |
Savings deposits | 477,348 | 496,751 | |
Time deposits | 502,355 | 376,213 | |
Total | $ 3,124,440 | $ 2,616,263 | [1] |
[1]Derived from audited consolidated financial statements |
Note 8 - Deposits - Time Deposi
Note 8 - Deposits - Time Deposit Maturities (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Time Deposit Maturities,Three month period ending December 31, 2023 | $ 89,347 | |
Time Deposit Maturities, Year ending December 31, 2024 | 321,856 | |
Time Deposit Maturities, Year ending December 31, 2025 | 48,873 | |
Time Deposit Maturities, Year ending December 31, 2026 | 22,261 | |
Time Deposit Maturities, Year ending December 31, 2027 | 10,135 | |
Time Deposit Maturities, Thereafter | 9,883 | |
Time Deposit Maturities, Total | $ 502,355 | $ 376,213 |
Note 9 - Borrowed Funds (Detail
Note 9 - Borrowed Funds (Details Textual) | 3 Months Ended | 9 Months Ended | |||
Dec. 31, 2021 USD ($) | Sep. 30, 2020 USD ($) | Sep. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) | ||
Long-Term Debt | $ 642,000 | $ 658,000 | |||
Subordinated Debt | $ 103,661,000 | 103,296,000 | [1] | ||
Number of Statutory Business Trusts | 3 | ||||
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust, Total | $ 19,589,000 | 19,589,000 | [1] | ||
Trust Preferred Securities Limited to Tier One Capital Elements Net of Goodwill | 25% | ||||
Issued Fourth Quarter2021 [Member] | |||||
Debt Instrument, Face Amount | $ 75,000,000 | ||||
Debt Issuance Costs, Net, Total | $ 1,740,000 | ||||
Subordinated Debt | $ 73,900,000 | 73,700,000 | |||
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 | $ 29,700,000 | $ 29,600,000 | |||
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] | |||||
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 5.34% | 5.34% | |||
Federal Home Loan Bank Advances [Member] | Blanket Lien [Member] | |||||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 2,300,000,000 | ||||
[1]Derived from audited consolidated financial statements |
Note 9 - Borrowed Funds - Sched
Note 9 - Borrowed Funds - Schedule of Short-term Debt (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |||
Balance, Short-Term Debt | $ 258,054 | $ 225,999 | [1] | ||
Federal Home Loan Bank Advances [Member] | |||||
Balance, Short-Term Debt | 257,900 | $ 273,000 | 225,850 | ||
Average balance outstanding for the period | 203,008 | 179,667 | 204,118 | ||
Maximum balance outstanding at any month end during period | $ 268,000 | $ 291,300 | $ 298,900 | ||
Weighted average interest rate for the period (1) | [2] | 5.39% | 1.48% | 2.37% | |
Weighted average interest rate for balances outstanding at September 30 (1) | [2] | 5.67% | 3.06% | 4.47% | |
Federal Funds Purchased and Securities Sold under Agreements to Repurchase [Member] | |||||
Balance, Short-Term Debt | $ 154 | $ 148 | $ 149 | ||
Average balance outstanding for the period | 11,314 | 146 | 147 | ||
Maximum balance outstanding at any month end during period | $ 20,531 | $ 148 | $ 149 | ||
Weighted average interest rate for the period (1) | [2] | 2.35% | 1.20% | 1.87% | |
Weighted average interest rate for balances outstanding at September 30 (1) | [2] | 5.50% | 3.25% | 4.50% | |
[1]Derived from audited consolidated financial statements[2]Excludes effect of any hedging activity |
Note 9 - Borrowed Funds - Sch_2
Note 9 - Borrowed Funds - Schedule of Maturities of Long-term Debt (Details) - USD ($) | Sep. 30, 2023 | Dec. 31, 2022 |
Long-term Debt, Total Maturity | $ 642,000 | $ 658,000 |
Long-Term Debt [Member] | ||
Long-term Debt, 2023 | 6,000 | |
Long-term Debt, 2024 | 23,000 | |
Long-term Debt, 2025 | 24,000 | |
Long-term Debt, 2026 | 589,000 | |
Long-term Debt, 2027 | 0 | |
Long-term Debt, Thereafter | 0 | |
Long-term Debt, Total Maturity | 642,000 | |
Subordinated Debt [Member] | ||
Long-term Debt, 2023 | 0 | |
Long-term Debt, 2024 | 0 | |
Long-term Debt, 2025 | 0 | |
Long-term Debt, 2026 | 0 | |
Long-term Debt, 2027 | 0 | |
Long-term Debt, Thereafter | 105,000,000 | |
Long-term Debt, Total Maturity | 105,000,000 | |
Subordinated Debentures Owed To Unconsolidated Subsidiary Trusts [Member] | ||
Long-term Debt, 2023 | 0 | |
Long-term Debt, 2024 | 0 | |
Long-term Debt, 2025 | 0 | |
Long-term Debt, 2026 | 0 | |
Long-term Debt, 2027 | 0 | |
Long-term Debt, Thereafter | 19,589,000 | |
Long-term Debt, Total Maturity | $ 19,589,000 |
Note 10 - Share-based Compens_3
Note 10 - Share-based Compensation (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | |
Mar. 31, 2023 | Sep. 30, 2023 | Sep. 30, 2022 | |
Share-Based Payment Arrangement, Expense | $ 634,000 | $ 469,000 | |
Share-Based Payment Arrangement, Expense, Tax Benefit | 152,000 | $ 113,000 | |
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 2,400,000 | ||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 2 years 3 months 14 days | ||
Restricted Stock Units (RSUs) [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 0 | 0 | |
The 2014 Long-term Incentive Plan [Member] | 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) | 67,637 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 8.77 | ||
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) | 108,747 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 8.63 | ||
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 |
Note 10 - Share-based Compens_4
Note 10 - Share-based Compensation - Valuation Assumptions (Details) | 9 Months Ended |
Sep. 30, 2023 | |
A 7 Year Vesting Stock Appreciation Rights [Member] | |
Risk-free interest rate | 3.79% |
Expected dividend yield | 3% |
Expected common stock volatility | 40.76% |
Expected life (in years) (Year) | 7 years |
A 5 Year Vesting Stock Appreciation Rights [Member] | |
Risk-free interest rate | 3.87% |
Expected dividend yield | 3% |
Expected common stock volatility | 40.76% |
Expected life (in years) (Year) | 6 years 6 months |
Note 10 - Share-based Compens_5
Note 10 - Share-based Compensation - Summary of Activity In Stock Option Plans (Details) - Employee Stock Option and Stock Appreciation Rights [Member] - USD ($) $ / shares in Units, $ in Thousands | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Outstanding, shares (in shares) | 473,212 | 491,792 |
Outstanding, Weighted- Average Exercise Price (in dollars per share) | $ 21.36 | $ 21.32 |
Granted, shares (in shares) | 176,384 | 0 |
Granted, Weighted- Average Exercise Price (in dollars per share) | $ 26.37 | $ 0 |
Exercised, shares (in shares) | (1,000) | (14,996) |
Exercised, Weighted- Average Exercise Price (in dollars per share) | $ 12.01 | $ 19.46 |
Forfeited, shares (in shares) | (41,529) | 0 |
Forfeited, Weighted- Average Exercise Price (in dollars per share) | $ 23.86 | $ 0 |
Expired, shares (in shares) | 0 | 0 |
Expired, Weighted- Average Exercise Price (in dollars per share) | $ 0 | $ 0 |
Outstanding, shares (in shares) | 607,067 | 476,796 |
Outstanding, Aggregate Intrinsic Value | $ 1,001 | $ 2,651 |
Outstanding, Remaining Contractual Term (Year) | 6 years 3 months 29 days | 6 years 2 months 26 days |
Outstanding, Weighted- Average Exercise Price (in dollars per share) | $ 22.66 | $ 21.38 |
Exercisable, shares (in shares) | 302,923 | 262,622 |
Exercisable, Aggregate Intrinsic Value | $ 931 | $ 1,724 |
Exercisable, Remaining Contractual Term (Year) | 4 years 3 months 10 days | 4 years 10 months 9 days |
Exercisable, Weighted- Average Exercise Price (in dollars per share) | $ 20.7 | $ 20.38 |
Note 10 - Share-based Compens_6
Note 10 - Share-based Compensation - Schedule of RSUs (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Nonvested, RSUs shares, beginning of period (in shares) | 7,204 | 13,015 |
Nonvested, RSUs Weighted, beginning of period Average Grant Date Fair Value, beginning of period (in dollars per share) | $ 20.49 | $ 21.24 |
Granted, RSUs shares (in shares) | 0 | 0 |
Granted, RSUs Weighted Average Grant Date Fair Value (in dollars per share) | $ 0 | $ 0 |
Forfeited, RSUs shares (in shares) | (1,321) | (313) |
Forfeited, RSUs Weighted Average Grant Date Fair Value (in dollars per share) | $ 18.93 | $ 26.63 |
Vested, RSUs shares (in shares) | (2,749) | (5,246) |
Vested, RSUs Weighted Average Grant Date Fair Value (in dollars per share) | $ 18.19 | $ 22.24 |
Nonvested, RSUs shares, end of period (in shares) | 3,134 | 7,456 |
Nonvested, RSUs Weighted Average Grant Date Fair Value, end of period (in dollars per share) | $ 23.17 | $ 20.31 |
Note 11 - Commitments and Con_3
Note 11 - Commitments and Contingencies (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |
Provision for Loan, Lease, and Other Losses | $ 1,250,000 | $ 1,500,000 | $ 10,750,000 | $ 5,450,000 | |
Other Liabilities [Member] | |||||
Off-Balance-Sheet, Credit Loss, Liability | 6,910,000 | 6,910,000 | $ 6,950,000 | ||
Unfunded Loan Commitment [Member] | |||||
Provision for Loan, Lease, and Other Losses | $ (420,000) | $ (195,000) | $ (35,000) | $ 322,000 |
Note 11 - Commitments and Con_4
Note 11 - Commitments and Contingencies - Summary of the Total Unfunded, or Off-balance Sheet, Credit Extension Commitments (Details) $ in Thousands | Sep. 30, 2023 USD ($) |
Total Unfunded Commitments | $ 943,508 |
Commitments to Extend Credit [Member] | Revolving Home Equity And Credit Card Lines Member [Member] | |
Total Unfunded Commitments | 120,411 |
Commitments to Extend Credit [Member] | Construction Loans [Member] | |
Total Unfunded Commitments | 257,768 |
Commitments to Extend Credit [Member] | Other Loans [Member] | |
Total Unfunded Commitments | 508,399 |
Standby Letters of Credit [Member] | |
Total Unfunded Commitments | $ 56,930 |
Note 12 - Preferred Stock (Deta
Note 12 - Preferred Stock (Details Textual) - USD ($) $ / shares in Units, $ in Millions | 1 Months Ended | ||
Apr. 30, 2021 | Sep. 30, 2023 | Dec. 31, 2022 | |
Preferred Stock, Shares Issued (in shares) | 1,500 | 1,500 | |
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 1 | $ 1 | |
Series 2021 Fixed-Rate Noncumulative Preferred Stock [Member] | |||
Preferred Stock, Shares Issued (in shares) | 1,500 | ||
Preferred Stock, Value, Outstanding | $ 15 | ||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 1 | ||
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ 10,000 | ||
Preferred Stock, Dividend Rate, Percentage | 6% |
Note 13 - Regulatory Matters -
Note 13 - Regulatory Matters - Summary Of Actual Capital Amounts And Ratios (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Summit [Member] | ||
CET1 (to risk weighted assets), amount | $ 356,427 | $ 299,993 |
CET1 (to risk weighted assets), Actual Ratio (Rate) | 8.90% | 8.60% |
CET1 (to risk weighted assets), Minimum Required Capital, Amount | $ 280,971 | $ 245,141 |
CET1 (to risk weighted assets), Minimum Required Capital, Ratio (Rate) | 7% | 7% |
Tier I Capital (to risk weighted assets), amount | $ 390,348 | $ 333,913 |
Tier I Capital (to risk weighted assets), Actual Ratio (Rate) | 9.70% | 9.50% |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 341,179 | $ 297,672 |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Ratio (Rate) | 8.50% | 8.50% |
Total Capital (to risk weighted assets), amount | $ 541,243 | $ 472,955 |
Total Capital (to risk weighted assets), Actual Ratio (Rate) | 13.50% | 13.50% |
Total Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 421,456 | $ 367,712 |
Total Capital (to risk weighted assets), Minimum Required Capital, Ratio (Rate) | 10.50% | 10.50% |
Tier I Capital (to average assets), amount | $ 390,348 | $ 333,913 |
Tier I Capital (to average assets), Actual Amount (Rate) | 8.50% | 8.50% |
Tier I Capital (to average assets), Minimum Required Capital, Amount | $ 183,316 | $ 156,852 |
Tier I Capital (to average assets), Minimum Required Capital, Ratio (Rate) | 4% | 4% |
Summit Community [Member] | ||
CET1 (to risk weighted assets), amount | $ 462,461 | $ 405,430 |
CET1 (to risk weighted assets), Actual Ratio (Rate) | 11.60% | 11.60% |
CET1 (to risk weighted assets), Minimum Required Capital, Amount | $ 280,274 | $ 244,502 |
CET1 (to risk weighted assets), Minimum Required Capital, Ratio (Rate) | 7% | 7% |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 260,255 | $ 227,038 |
Summit Community (Rate) | 6.50% | 6.50% |
Tier I Capital (to risk weighted assets), amount | $ 462,461 | $ 405,430 |
Tier I Capital (to risk weighted assets), Actual Ratio (Rate) | 11.60% | 11.60% |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 340,333 | $ 296,896 |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Ratio (Rate) | 8.50% | 8.50% |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 320,313 | $ 279,431 |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio (Rate) | 8% | 8% |
Total Capital (to risk weighted assets), amount | $ 509,696 | $ 441,177 |
Total Capital (to risk weighted assets), Actual Ratio (Rate) | 12.70% | 12.60% |
Total Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 422,901 | $ 366,754 |
Total Capital (to risk weighted assets), Minimum Required Capital, Ratio (Rate) | 10.50% | 10.50% |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 402,762 | $ 349,289 |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio (Rate) | 10% | 10% |
Tier I Capital (to average assets), amount | $ 462,461 | $ 405,430 |
Tier I Capital (to average assets), Actual Amount (Rate) | 10.10% | 10.40% |
Tier I Capital (to average assets), Minimum Required Capital, Amount | $ 182,401 | $ 156,338 |
Tier I Capital (to average assets), Minimum Required Capital, Ratio (Rate) | 4% | 4% |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Amount | $ 228,001 | $ 195,422 |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Ratio (Rate) | 5% | 5% |
Note 14 - Derivative Financia_3
Note 14 - Derivative Financial Instruments (Details Textual) $ in Thousands | 9 Months Ended | |
Sep. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) | |
Derivative, Notional Amount | $ 427,598 | $ 328,121 |
Interest Rate Swap [Member] | ||
Derivative, Number of Instruments Held | 4 | |
Interest Rate Swap Maturing October 18 2023 [Member] | ||
Derivative, Notional Amount | $ 20,000 | |
Cash Flow Hedge Derivative Notional Amount | $ 20,000 | |
Derivative, Swaption Interest Rate | 1.07% | |
Derivative, Inception Date | Oct. 18, 2021 | |
Derivative, Contract End Date | Oct. 18, 2023 | |
Interest Rate Swap Maturing October18 2024 [Member] | ||
Derivative, Notional Amount | $ 20,000 | |
Cash Flow Hedge Derivative Notional Amount | $ 20,000 | |
Derivative, Swaption Interest Rate | 1.1055% | |
Derivative, Inception Date | Oct. 18, 2021 | |
Derivative, Contract End Date | Oct. 18, 2024 | |
Interest Rate Swap Maturing May 18, 2025 [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | ||
Derivative, Notional Amount | $ 50,000 | |
Cash Flow Hedge Derivative Notional Amount | $ 50,000 | |
Derivative, Swaption Interest Rate | 3.768% | |
Derivative, Inception Date | May 18, 2023 | |
Derivative, Contract End Date | May 18, 2025 | |
Interest Rate Swap Maturing January 18, 2026 [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | ||
Derivative, Notional Amount | $ 50,000 | |
Cash Flow Hedge Derivative Notional Amount | $ 50,000 | |
Derivative, Swaption Interest Rate | 4.36% | |
Derivative, Inception Date | Jul. 18, 2023 | |
Derivative, Contract End Date | Jan. 18, 2026 | |
Interest Rate Cap [Member] | ||
Derivative, Number of Instruments Held | 2 | |
Interest Rate Cap Maturing April 18 2030 [Member] | ||
Derivative, Notional Amount | $ 100,000 | |
Cash Flow Hedge Derivative Notional Amount | $ 100,000 | |
Derivative, Cap Interest Rate | 0.75% | |
Derivative, Inception Date | Jul. 20, 2020 | |
Derivative, Contract End Date | Apr. 18, 2030 | |
Interest Rate Cap Maturing December 18 2025 [Member] | ||
Derivative, Notional Amount | $ 100,000 | |
Cash Flow Hedge Derivative Notional Amount | $ 100,000 | |
Derivative, Cap Interest Rate | 0.50% | |
Derivative, Inception Date | Dec. 29, 2020 | |
Derivative, Contract End Date | Dec. 18, 2025 | |
Fair Value Hedging [Member] | ||
Derivative, Number of Instruments Held | 3 | |
Fair Value Interest Rate Swap at a Fixed Rate of 4.33% [Member] | ||
Derivative, Notional Amount | $ 9,950 | |
Derivative, Fair Value, Net | $ 6,700 | |
Derivative, Fixed Interest Rate | 4.33% | |
Derivative, Inception Date | Jan. 15, 2015 | |
Derivative, Contract End Date | Jan. 15, 2025 | |
Fair Value Interest Rate Swap at a Fixed Rate of 4.33% [Member] | Three Month LIBOR [Member] | ||
Derivative, Basis Spread on Variable Rate | 2.23% | |
Fair Value Interest Swap at a Fixed Rate of 4.30% [Member] | ||
Derivative, Notional Amount | $ 11,300 | |
Derivative, Fair Value, Net | $ 9,600 | |
Derivative, Fixed Interest Rate | 4.30% | |
Derivative, Inception Date | Dec. 18, 2015 | |
Derivative, Contract End Date | Jan. 15, 2026 | |
Fair Value Interest Swap at a Fixed Rate of 4.30% [Member] | One Month LIBOR [Member] | ||
Derivative, Basis Spread on Variable Rate | 2.18% | |
Fixed / Receive Variable Interest Rate Swap [Member] | ||
Derivative, Notional Amount | $ 71,250 | |
Derivative, Fixed Interest Rate | 1.587% | |
Derivative, Inception Date | Apr. 01, 2024 | |
Derivative, Contract End Date | Feb. 01, 2031 |
Note 14 - Derivative Financia_4
Note 14 - Derivative Financial Instruments - Summary of Derivative Financial Instruments (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2023 | Dec. 31, 2022 | |
Derivative Notional Amount | $ 427,598 | $ 328,121 |
Derivative Instruments in Hedges, Assets, at Fair Value | 44,527 | 40,506 |
Derivative Instruments in Hedges, Liabilities, at Fair Value | 0 | 0 |
Derivative, Net Hedge Ineffectiveness Gain (Loss) | (3) | (12) |
Short-Term Debt [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | ||
Derivative Notional Amount | 140,000 | 40,000 |
Cash Flow Hedge Derivative Instrument Assets at Fair Value | 2,404 | 1,871 |
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value | 0 | 0 |
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net | 0 | 0 |
Short-Term Debt [Member] | Interest Rate Cap [Member] | Cash Flow Hedging [Member] | ||
Derivative Notional Amount | 100,000 | 100,000 |
Cash Flow Hedge Derivative Instrument Assets at Fair Value | 21,822 | 20,554 |
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 Notional Amount | 100,000 | 100,000 |
Cash Flow Hedge Derivative Instrument Assets at Fair Value | 8,993 | 10,047 |
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 Notional Amount | 16,353 | 16,876 |
Fair Value Hedge Derivative Instrument Assets at Fair Value | 869 | 911 |
Fair Value Hedge Derivative Instrument Liabilities at Fair Value | 0 | 0 |
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net | 0 | 0 |
Available-for-Sale Securities [Member] | Interest Rate Swap [Member] | Fair Value Hedging [Member] | ||
Derivative Notional Amount | 71,245 | 71,245 |
Fair Value Hedge Derivative Instrument Assets at Fair Value | 10,439 | 7,123 |
Fair Value Hedge Derivative Instrument Liabilities at Fair Value | 0 | 0 |
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net | $ (3) | $ (12) |
Note 15 - Accumulated Other C_3
Note 15 - Accumulated Other Comprehensive (Loss) Income - Other Comprehensive (loss) Income by Component (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | ||
Balance | $ 413,174 | $ 333,891 | $ 354,530 | [1] | $ 327,473 |
Balance | 416,452 | 341,674 | 416,452 | 341,674 | |
Accumulated Pension Plan Adjustment Net Unamortized Gain (Loss) [Member] | |||||
Balance | (23) | 30 | (23) | 30 | |
Other comprehensive (loss) income before reclassification | 0 | 0 | 0 | 0 | |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 0 | 0 | 0 | 0 | |
Net current period other comprehensive (loss) income | 0 | 0 | 0 | 0 | |
Balance | (23) | 30 | (23) | 30 | |
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] | |||||
Balance | 172 | 9 | 172 | 9 | |
Other comprehensive (loss) income before reclassification | 0 | 0 | 0 | 0 | |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 0 | 0 | 0 | 0 | |
Net current period other comprehensive (loss) income | 0 | 0 | 0 | 0 | |
Balance | 172 | 9 | 172 | 9 | |
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] | |||||
Balance | 20,328 | 15,885 | 20,867 | 3,993 | |
Other comprehensive (loss) income before reclassification | 1,582 | 5,706 | 1,043 | 17,598 | |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 0 | 0 | 0 | 0 | |
Net current period other comprehensive (loss) income | 1,582 | 5,706 | 1,043 | 17,598 | |
Balance | 21,910 | 21,591 | 21,910 | 21,591 | |
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member] | |||||
Balance | (35,046) | (26,916) | (37,902) | 1,868 | |
Other comprehensive (loss) income before reclassification | (13,568) | (12,342) | (10,917) | (41,462) | |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 9 | 184 | 214 | 520 | |
Net current period other comprehensive (loss) income | (13,559) | (12,158) | (10,703) | (40,942) | |
Balance | (48,605) | (39,074) | (48,605) | (39,074) | |
AOCI Accumulated Gain (Loss) Securities Fair Value Hedge Parent [Member] | |||||
Balance | 5,834 | 3,518 | 5,407 | (418) | |
Other comprehensive (loss) income before reclassification | 2,095 | 2,251 | 2,522 | 6,187 | |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 0 | 0 | 0 | 0 | |
Net current period other comprehensive (loss) income | 2,095 | 2,251 | 2,522 | 6,187 | |
Balance | 7,929 | 5,769 | 7,929 | 5,769 | |
AOCI Attributable to Parent [Member] | |||||
Balance | (8,735) | (7,474) | (11,479) | 5,482 | |
Other comprehensive (loss) income before reclassification | (9,891) | (4,385) | (7,352) | (17,677) | |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 9 | 184 | 214 | 520 | |
Net current period other comprehensive (loss) income | (9,882) | (4,201) | (7,138) | (17,157) | |
Balance | $ (18,617) | $ (11,675) | $ (18,617) | $ (11,675) | |
[1]Derived from audited consolidated financial statements |
Note 16 - Income Taxes (Details
Note 16 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Income Tax Expense (Benefit) | $ 4,794 | $ 3,856 | $ 10,572 | $ 10,311 |
Effective Income Tax Rate Reconciliation, Percent | 22.70% | 21.10% | 21.50% | 21.30% |
Note 16 - Income Taxes - Reconc
Note 16 - Income Taxes - Reconciliation Statutory Income Tax Rates (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Applicable statutory rate | 21% | 21% | 21% | 21% |
Tax-exempt interest and dividends, net | (1.40%) | (1.50%) | (1.80%) | (1.40%) |
State income taxes, net of Federal income tax benefit | 2.70% | 1.90% | 2.20% | 2% |
Low-income housing and rehabilitation tax credits | (0.20%) | (0.30%) | (0.20%) | (0.30%) |
Other, net | 0.60% | 0% | 0.30% | 0% |
Effective income tax rate | 22.70% | 21.10% | 21.50% | 21.30% |
Note 16 - Income Taxes - Schedu
Note 16 - Income Taxes - Schedule of Components of Applicable Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Current | ||||
Current Federal Tax Expense (Benefit | $ 3,917 | $ 3,617 | $ 9,281 | $ 8,644 |
Current State and Local Tax Expense (Benefit) | 684 | 480 | 1,409 | 1,180 |
Current Tax Expense (Benefit) Total | 4,601 | 4,097 | 10,690 | 9,824 |
Deferred | ||||
Deferred Federal Income Tax Expense (Benefit) | 169 | (211) | (103) | 426 |
Deferred State and Local Income Tax Expense (Benefit) | 24 | (30) | (15) | 61 |
Deferred Tax Expense (Benefit) Total | 193 | (241) | (118) | 487 |
Income Tax Expense (Benefit) | $ 4,794 | $ 3,856 | $ 10,572 | $ 10,311 |
Note 17 - Revenue From Contra_3
Note 17 - Revenue From Contracts With Customers (Details Textual) | Sep. 30, 2023 |
Capitalized Contract Cost, Amortization Period (Year) | 1 year |
Note 17 - Revenue from Contra_4
Note 17 - Revenue from Contracts with Customers - Schedule of Revenue Recognition (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Revenue from contracts with customers | $ 4,652 | $ 4,079 | $ 13,405 | $ 11,949 |
Non-interest income within the scope of other ASC topics | 613 | 808 | 1,669 | 1,339 |
Total noninterest income | 5,265 | 4,887 | 15,074 | 13,288 |
Deposit Account [Member] | ||||
Revenue from contracts with customers | 1,775 | 1,550 | 5,110 | 4,625 |
Credit and Debit Card [Member] | ||||
Revenue from contracts with customers | 1,907 | 1,639 | 5,462 | 4,748 |
Fiduciary and Trust [Member] | ||||
Revenue from contracts with customers | 819 | 725 | 2,484 | 2,228 |
Product and Service, Other [Member] | ||||
Revenue from contracts with customers | $ 151 | $ 165 | $ 349 | $ 348 |
Note 18 - Mergers and Acquisi_3
Note 18 - Mergers and Acquisitions (Details Textual) | Aug. 24, 2023 USD ($) $ / shares | Apr. 01, 2023 USD ($) shares | Sep. 30, 2023 USD ($) $ / shares | Dec. 31, 2022 USD ($) $ / shares | |
Assets | $ 4,604,208,000 | $ 3,916,692,000 | [1] | ||
Liabilities | 4,187,756,000 | 3,562,162,000 | [1] | ||
Goodwill | $ 56,034,000 | $ 55,347,000 | |||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 2.5 | $ 2.5 | |||
PSB Holding Corp (PSB) [Member] | |||||
Assets | $ 568,000,000 | ||||
Liabilities | $ 528,000,000 | ||||
Burke & Herbert [Member] | |||||
Net Assets | $ 3,600,000,000 | ||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.5 | ||||
Burke & Herbert [Member] | Agreement and Plan of Reorganization, Merger [Member] | |||||
Business Combination, Conversion of Stock, Ratio | 0.5043 | ||||
Summit [Member] | |||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 2.5 | ||||
PSB Holding Corp (PSB) [Member] | |||||
Business Acquisition, Percentage of Voting Interests Acquired | 100% | ||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares, Per Share (in shares) | shares | 1.2347 | ||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 39,025,000 | ||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares | 1,880,732 | ||||
Payments to Acquire Businesses, Gross | $ 595,000 | ||||
Goodwill | $ 687,000 | ||||
Business Acquisition, Effective Date of Acquisition | Apr. 01, 2023 | ||||
PSB Holding Corp (PSB) [Member] | Core Deposits [Member] | |||||
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life (Year) | 10 years | ||||
Agreement and Plan of Reorganization, Merger [Member] | Burke & Herbert [Member] | |||||
Business Acquisition, Effective Date of Acquisition | Mar. 31, 2024 | ||||
[1]Derived from audited consolidated financial statements |
Note 18 - Mergers and Acquisi_4
Note 18 - Mergers and Acquisitions - Schedule of Acquisition (Details) - USD ($) | Apr. 01, 2023 | Sep. 30, 2023 | Dec. 31, 2022 |
Preliminary goodwill resulting from acquisition | $ 56,034,000 | $ 55,347,000 | |
PSB Holding Corp (PSB) [Member] | |||
Cash consideration paid | $ 595,000 | ||
Stock consideration | 39,025,000 | ||
Total consideration | 39,620,000 | ||
Cash and cash equivalents | 14,959,000 | ||
Securities available for sale, at fair value | 122,734,000 | ||
Securities held to maturity | 18,191,000 | ||
Loans Receivable | 0 | ||
Purchased performing | 346,028,000 | ||
Purchased credit deteriorated | 16,978,000 | ||
Allowance for credit losses on loans | 0 | ||
Premises and equipment | 6,175,000 | ||
Core deposit intangibles | 14,928,000 | ||
Other assets | 21,182,000 | ||
Total identifiable assets acquired | 561,175,000 | ||
Deposits | 497,553,000 | ||
Short-term borrowings | 17,650,000 | ||
Long-term borrowings | 5,143,000 | ||
Other liabilities | 1,896,000 | ||
Total identifiable liabilities assumed | 522,242,000 | ||
Net identifiable assets acquired | 38,933,000 | ||
Preliminary goodwill resulting from acquisition | 687,000 | ||
PSB Holding Corp (PSB) [Member] | Reported Value by Acquiree [Member] | |||
Cash and cash equivalents | 14,959,000 | ||
Securities available for sale, at fair value | 122,734,000 | ||
Securities held to maturity | 20,466,000 | ||
Loans Receivable | 0 | ||
Purchased performing | 363,446,000 | ||
Purchased credit deteriorated | 18,473,000 | ||
Allowance for credit losses on loans | (3,341,000) | ||
Premises and equipment | 6,600,000 | ||
Core deposit intangibles | 0 | ||
Other assets | 24,981,000 | ||
Total identifiable assets acquired | 568,318,000 | ||
Deposits | 497,802,000 | ||
Short-term borrowings | 17,650,000 | ||
Long-term borrowings | 5,209,000 | ||
Other liabilities | 7,284,000 | ||
Total identifiable liabilities assumed | 527,945,000 | ||
Net identifiable assets acquired | 40,373,000 | ||
PSB Holding Corp (PSB) [Member] | Fair Value Adjustments [Member] | |||
Cash and cash equivalents | 0 | ||
Securities available for sale, at fair value | 0 | ||
Securities held to maturity | (2,275,000) | ||
Loans Receivable | 0 | ||
Purchased performing | (17,418,000) | ||
Purchased credit deteriorated | (1,495,000) | ||
Allowance for credit losses on loans | 3,341,000 | ||
Premises and equipment | (425,000) | ||
Core deposit intangibles | 14,928,000 | ||
Other assets | (3,799,000) | ||
Total identifiable assets acquired | (7,143,000) | ||
Deposits | (249,000) | ||
Short-term borrowings | 0 | ||
Long-term borrowings | (66,000) | ||
Other liabilities | (5,388,000) | ||
Total identifiable liabilities assumed | (5,703,000) | ||
Net identifiable assets acquired | $ (1,440,000) |
Note 18 - Mergers and Acquisi_5
Note 18 - Mergers and Acquisitions - Schedule of Purchase Credit Deteriorated (PCD) Assets (Details) - Financial Asset Acquired with Credit Deterioration [Member] - PSB Holding Corp (PSB) [Member] $ in Thousands | 9 Months Ended |
Sep. 30, 2023 USD ($) | |
Purchase price of PCD loans at acquisition | $ 18,473 |
Allowance for credit losses - loans at acquisition | 1,495 |
Non-credit discount at acquisition | 729 |
Par value of PCD loans at acquisition | $ 16,249 |
Item 5 - Other Information (Det
Item 5 - Other Information (Details Textual) | 3 Months Ended |
Sep. 30, 2023 | |
Rule 10b5-1 Arrangement Adopted | adopted |
Non-rule 10b5-1 Arrangement Adopted | adopted |
Rule 10b5-1 Arrangement Terminated | terminated |
Non-Rule 10b5-1 Arrangement Terminated | None |