Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2024 | Apr. 29, 2024 | |
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 | Q1 | |
Document Fiscal Year Focus | 2024 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2024 | |
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 $2.50 per share | |
Trading Symbol | SMMF | |
Security Exchange Name | NASDAQ | |
Entity Common Stock, Shares Outstanding | 14,686,738 |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | [1] |
ASSETS | |||
Cash and due from banks | $ 23,706 | $ 21,834 | |
Interest bearing deposits with other banks | 31,950 | 30,398 | |
Cash and cash equivalents | 55,656 | 52,232 | |
Debt securities available for sale (at fair value) | 490,271 | 502,762 | |
Debt securities held to maturity (at amortized cost; estimated fair value - $87,029 - 2024, $88,319 - 2023) | 93,737 | 94,227 | |
Less: allowance for credit losses | 0 | 0 | |
Debt securities held to maturity, net | 93,737 | 94,227 | |
Equity investments (at fair value) | 11,571 | 10,958 | |
Other investments | 21,842 | 21,130 | |
Loans, net of unearned fees | 3,697,042 | 3,681,612 | |
Less: allowance for credit losses | (49,232) | (48,090) | |
Loans, net | 3,647,810 | 3,633,522 | |
Property held for sale | 3,432 | 3,729 | |
Premises and equipment, net | 62,293 | 63,038 | |
Accrued interest and fees receivable | 20,238 | 20,004 | |
Goodwill and other intangible assets, net | 73,443 | 74,430 | |
Cash surrender value of life insurance policies and annuities | 86,230 | 85,679 | |
Derivative financial instruments | 36,803 | 33,145 | |
Other assets | 39,558 | 39,466 | |
Total assets | 4,642,884 | 4,634,322 | |
Deposits | |||
Non-interest bearing | 605,509 | 593,576 | |
Interest bearing | 3,142,906 | 3,121,572 | |
Total deposits | 3,748,415 | 3,715,148 | |
Short-term borrowings | 262,359 | 302,957 | |
Long-term borrowings | 630 | 637 | |
Subordinated debentures, net | 103,904 | 103,782 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | |
Other liabilities | 53,706 | 52,001 | |
Total liabilities | 4,188,603 | 4,194,114 | |
Commitments and Contingencies | |||
Shareholders' Equity | |||
Preferred stock and related surplus, $1.00 par value, authorized 250,000 shares; issued: 2024 and 2023 - 1,500 shares | 14,920 | 14,920 | |
Common stock and related surplus, $2.50 par value; authorized 20,000,000 shares; issued and outstanding: 2024 - 14,686,738 shares and 2023 - 14,683,457 shares | 130,235 | 129,990 | |
Retained earnings | 316,375 | 302,783 | |
Accumulated other comprehensive loss | (7,249) | (7,485) | |
Total shareholders' equity | 454,281 | 440,208 | |
Total liabilities and shareholders' equity | $ 4,642,884 | $ 4,634,322 | |
[1]Derived from audited consolidated financial statements. |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | [1] |
Debt Securities, Held-to-maturity, Fair Value | $ 87,029 | $ 88,319 | |
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) | 14,686,738 | 14,683,457 | |
Common stock, shares outstanding (in shares) | 14,686,738 | 14,683,457 | |
[1]Derived from audited consolidated financial statements. |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Loans, including fees | ||
Taxable, Loans, including fees | $ 59,204,000 | $ 45,421,000 |
Tax-exempt, Loans, including fees | 45,000 | 64,000 |
Securities | ||
Taxable, Securities | 5,025,000 | 3,412,000 |
Tax-exempt, Securities | 1,116,000 | 1,407,000 |
Interest on interest bearing deposits with other banks | 132,000 | 171,000 |
Total interest income | 65,522,000 | 50,475,000 |
Interest expense | ||
Deposits | 21,430,000 | 14,000,000 |
Short-term borrowings | 2,661,000 | 824,000 |
Long-term borrowings and subordinated debentures | 1,508,000 | 1,462,000 |
Total interest expense | 25,599,000 | 16,286,000 |
Net interest income | 39,923,000 | 34,189,000 |
Provision for credit losses | 0 | 1,500,000 |
Net interest income after provision for credit losses | 39,923,000 | 32,689,000 |
Noninterest income | ||
Revenue from contracts with customers | 4,500,000 | 3,893,000 |
Mortgage origination revenue | 154,000 | 171,000 |
Net realized losses on available for sale debt securities | (94,000) | (59,000) |
Net gains on equity investments | 40,000 | 45,000 |
Bank owned life insurance and annuities income | 463,000 | 336,000 |
Other | 112,000 | 122,000 |
Total noninterest income | 5,078,000 | 4,386,000 |
Noninterest expenses | ||
Salaries, commissions and employee benefits | 12,058,000 | 10,807,000 |
Net occupancy expense | 1,695,000 | 1,333,000 |
Equipment expense | 2,508,000 | 2,030,000 |
Professional fees | 385,000 | 376,000 |
Advertising and public relations | 272,000 | 170,000 |
Amortization of intangibles | 987,000 | 343,000 |
FDIC premiums | 717,000 | 330,000 |
Bank card expense | 832,000 | 696,000 |
Foreclosed properties expense, net of losses | 12,000 | 15,000 |
Merger-related expenses | 53,000 | 331,000 |
Other | 3,439,000 | 2,968,000 |
Total noninterest expenses | 22,958,000 | 19,399,000 |
Income before income tax expense | 22,043,000 | 17,676,000 |
Income tax expense | 4,996,000 | 3,575,000 |
Net income | 17,047,000 | 14,101,000 |
Preferred stock dividends | 225,000 | 225,000 |
Net income applicable to common shares | $ 16,822,000 | $ 13,876,000 |
Basic earnings per common share (in dollars per share) | $ 1.15 | $ 1.09 |
Diluted earnings per common share (in dollars per share) | $ 1.14 | $ 1.08 |
Fiduciary and Trust [Member] | ||
Noninterest income | ||
Revenue from contracts with customers | $ 847,000 | $ 811,000 |
Deposit Account [Member] | ||
Noninterest income | ||
Revenue from contracts with customers | 1,723,000 | 1,392,000 |
Credit and Debit Card [Member] | ||
Noninterest income | ||
Revenue from contracts with customers | $ 1,833,000 | $ 1,568,000 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Net income | $ 17,047 | $ 14,101 |
Other comprehensive (loss) income: | ||
Net unrealized gain (loss) on cashflow hedges net of deferred taxes | 1,350 | (3,136) |
Net unrealized gain (loss) on fair value hedge of debt securities available for sale net of deferred taxes | 1,581 | (948) |
Net unrealized (loss) gain on debt securities available for sale net of deferred taxes | (2,695) | 7,538 |
Total other comprehensive income | 236 | 3,454 |
Total comprehensive income | $ 17,283 | $ 17,555 |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Net unrealized gain (loss) on cashflow hedges | $ 1,776 | $ (4,126) |
Net unrealized gain (loss) on cashflow hedges, deferred tax | (426) | 990 |
Net unrealized gain (loss) on securities fair value hedge | 2,080 | (1,247) |
Net unrealized gain (loss) on securities fair value hedge, deferred tax | (499) | 299 |
OCI, Debt securities, available-for-sale, unealized holding gain (loss), before adjustment and tax | (3,546) | 9,918 |
OCI, Debt securities, available-for-sale, unealized holding gain (loss), before adjustment, tax | 851 | (2,380) |
Other comprehensive income (loss), reclassification adjustment from AOCI for sale of securities, before tax | (94) | (59) |
Other comprehensive income (loss), reclassification adjustment from AOCI for sale of securities, tax | $ 23 | $ 14 |
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] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total | |
Balance at Dec. 31, 2022 | $ 14,920 | $ 90,696 | $ 260,393 | $ (11,479) | $ 354,530 | |
Net income | 0 | 0 | 14,101 | 0 | 14,101 | |
Other comprehensive income (loss) | 0 | 0 | 0 | 3,454 | 3,454 | |
Exercise of Stock award | 0 | 0 | 0 | 0 | ||
Share-based compensation expense | 0 | 196 | 0 | 0 | 196 | |
Common stock issuances from reinvested dividends | 0 | 47 | 0 | 0 | 47 | |
Preferred stock cash dividends declared | 0 | 0 | (225) | 0 | (225) | |
Common stock cash dividends declared | 0 | 0 | (2,557) | 0 | (2,557) | |
Balance at Mar. 31, 2023 | 14,920 | 90,939 | 271,712 | (8,025) | 369,546 | |
Balance at Dec. 31, 2023 | 14,920 | 129,990 | 302,783 | (7,485) | 440,208 | [1] |
Net income | 0 | 0 | 17,047 | 0 | 17,047 | |
Other comprehensive income (loss) | 0 | 0 | 0 | 236 | 236 | |
Exercise of Stock award | 0 | 0 | 0 | 0 | ||
Share-based compensation expense | 0 | 163 | 0 | 0 | 163 | |
Common stock issuances from reinvested dividends | 0 | 82 | 0 | 0 | 82 | |
Preferred stock cash dividends declared | 0 | 0 | (225) | 0 | (225) | |
Common stock cash dividends declared | 0 | 0 | (3,230) | 0 | (3,230) | |
Balance at Mar. 31, 2024 | $ 14,920 | $ 130,235 | $ 316,375 | $ (7,249) | $ 454,281 | |
[1]Derived from audited consolidated financial statements. |
Consolidated Statements of Sh_2
Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Stock Appreciation Rights (SARs) [Member] | ||
Exercise of Stock award, share (in shares) | 272 | 522 |
Common stock issuances from reinvested dividends, number of shares (in shares) | 3,009 | 2,236 |
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ 0.22 | $ 0.2 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Cash Flows from Operating Activities | ||
Net income | $ 17,047,000 | $ 14,101,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation | 1,059,000 | 869,000 |
Provision for credit losses | 0 | 1,500,000 |
Share-based compensation expense | 163,000 | 196,000 |
Deferred income tax expense (benefit) | 322,000 | (413,000) |
Loans originated for sale | (1,154,000) | (946,000) |
Proceeds from sale of loans | 1,178,000 | 963,000 |
Gains on loans held for sale | (24,000) | (17,000) |
Realized losses on debt securities, net | 94,000 | 59,000 |
Gain on equity investments | (40,000) | (45,000) |
Gain on disposal of assets | (8,000) | (5,000) |
Amortization of securities premiums, net | 118,000 | 843,000 |
Accretion related to acquisition adjustments, net | (931,000) | (167,000) |
Amortization of intangibles | 987,000 | 343,000 |
Earnings on bank owned life insurance and annuities | (551,000) | (379,000) |
Increase in accrued interest receivable | (234,000) | (398,000) |
Increase in other assets | (834,000) | (916,000) |
Increase in other liabilities | 2,171,000 | 1,590,000 |
Net cash provided by operating activities | 19,363,000 | 17,178,000 |
Cash Flows from Investing Activities | ||
Proceeds from maturities and calls of debt securities available for sale | 1,500,000 | 1,145,000 |
Proceeds from sales of debt securities available for sale | 14,874,000 | 36,940,000 |
Principal payments received on debt securities available for sale | 10,721,000 | 8,048,000 |
Purchases of debt securities available for sale | (17,871,000) | (63,369,000) |
Purchase of equity investments | (23,000) | (41,000) |
Purchases of other investments | (9,542,000) | (3,171,000) |
Proceeds from redemptions of other investments | 8,486,000 | 6,141,000 |
Net loan originations | (13,351,000) | (16,872,000) |
Purchases of premises and equipment | (684,000) | (1,384,000) |
Proceeds from disposal of premises and equipment | 381,000 | 12,000 |
Improvements to property held for sale | 0 | (2,000) |
Proceeds from sales of repossessed assets & property held for sale | 294,000 | 0 |
Net cash used in investing activities | (5,215,000) | (32,553,000) |
Cash Flows from Financing Activities | ||
Net (decrease) increase in demand deposit, NOW and savings accounts | (18,839,000) | 107,693,000 |
Net increase in time deposits | 52,093,000 | 22,370,000 |
Net decrease in short-term borrowings | (40,598,000) | (85,849,000) |
Repayment of long-term borrowings | (7,000) | (5,000) |
Proceeds from issuance of common stock | 82,000 | 47,000 |
Dividends paid on common stock | (3,230,000) | (2,557,000) |
Dividends paid on preferred stock | (225,000) | (225,000) |
Net cash (used in) provided by financing activities | (10,724,000) | 41,474,000 |
Increase in cash and cash equivalents | 3,424,000 | 26,099,000 |
Cash and cash equivalents: | ||
Beginning | 52,232,000 | 44,717,000 |
Ending | 55,656,000 | 70,816,000 |
Cash payments for: | ||
Interest | 24,451,000 | 15,545,000 |
Supplemental Disclosures of Noncash Investing and Financing Activities | ||
Real property and other assets acquired in settlement of loans | 0 | 59,000 |
Right of use assets obtained in exchange for lease obligations | $ 0 | $ 733,000 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 3 Months Ended |
Mar. 31, 2024 | |
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, 2023 The results of operations for the three March 31, 2024 not 2023 10 |
Note 2 - Significant New Author
Note 2 - Significant New Authoritative Accounting Guidance | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 2. SIGNIFICANT NEW AUTHORITATIVE ACCOUNTING GUIDANCE Recently Adopted In March 2023, 2023 02, Investments Equity Method and Joint Ventures (Topic 323 January 1, 2024 not In June 2022, 2022 03, Fair Value Measurement (Topic 820 2022 03 not not January 1, 2024 not Pending Adoption In December 2023, 2023 09, Income Taxes (Topic 740 five five December 15, 2024. not 2023 09 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 |
Note 3 - Fair Value Measurement
Note 3 - Fair Value Measurements | 3 Months Ended |
Mar. 31, 2024 | |
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 March 31, 2024 Level 1 Level 2 Level 3 Debt securities available for sale U.S. Government sponsored agencies and corporations $ 21,503 $ — $ 21,503 $ — Residential mortgage-backed securities: Government sponsored agencies 123,119 — 123,119 — Nongovernment sponsored entities 73,856 — 69,389 4,467 State and political subdivisions 95,992 — 95,992 — Corporate debt securities 36,589 — 36,589 — Asset-backed securities 41,350 — 41,350 — Tax-exempt state and political subdivisions 97,862 — 97,862 — Total debt securities available for sale $ 490,271 $ — $ 485,804 $ 4,467 Equity investments $ 11,571 $ 7,107 $ 4,464 $ — Derivative financial assets Interest rate caps $ 25,321 $ — $ 25,321 $ — Interest rate swaps 11,482 — 11,482 — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2023 Level 1 Level 2 Level 3 Debt securities available for sale U.S. Government sponsored agencies and corporations $ 22,825 $ — $ 22,825 $ — Residential mortgage-backed securities: Government sponsored agencies 129,567 — 129,567 — Nongovernment sponsored entities 73,869 — 69,262 4,607 State and political subdivisions 94,929 — 94,929 — Corporate debt securities 37,907 — 37,907 — Asset-backed securities 44,205 — 44,205 — Tax-exempt state and political subdivisions 99,460 — 99,460 — Total debt securities available for sale $ 502,762 $ — $ 498,155 $ 4,607 Equity investments $ 10,958 $ 6,557 $ 4,401 $ — Derivative financial assets Interest rate caps $ 24,314 $ — $ 24,314 $ — Interest rate swaps 8,831 — 8,831 — We may Balance at Fair Value Measurements Using: Dollars in thousands March 31, 2024 Level 1 Level 2 Level 3 Collateral-dependent loans with an ACLL Commercial $ 3,299 $ — $ 3,299 $ — Commercial real estate 16,653 — 16,653 — Construction and development 248 — 248 — Residential real estate 352 — 352 — Total collateral-dependent loans with an ACLL $ 20,552 $ — $ 20,552 $ — Property held for sale Commercial real estate $ — $ — $ — $ — Construction and development 3,176 — 3,176 — Total property held for sale $ 3,176 $ — $ 3,176 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2023 Level 1 Level 2 Level 3 Collateral-dependent loans with an ACLL Commercial real estate $ 13,488 $ — $ 13,488 $ — Construction and development 248 — 248 — Residential real estate 637 — 637 — Total collateral-dependent loans with an ACLL $ 14,373 $ — $ 14,373 $ — Property held for sale Commercial real estate $ 297 $ — $ 297 $ — Construction and development 3,176 — 3,176 — Total property held for sale $ 3,473 $ — $ 3,473 $ — The carrying values and estimated fair values of our financial instruments are summarized below: March 31, 2024 Fair Value Measurements Using: Estimated Carrying Fair Dollars in thousands Value Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 55,656 $ 55,656 $ 23,706 $ 31,950 $ — Debt securities available for sale 490,271 490,271 — 485,804 4,467 Debt securities held to maturity 93,737 87,029 — 87,029 — Equity investments 11,571 11,571 7,107 4,464 — Other investments 21,842 21,842 — 21,842 — Loans, net 3,647,810 3,483,889 — 20,552 3,463,337 Accrued interest receivable 20,238 20,238 — 20,238 — Cash surrender value of life insurance policies and annuities 86,230 86,230 — 86,230 — Derivative financial assets 36,803 36,803 — 36,803 — $ 4,464,158 $ 4,293,529 $ 30,813 $ 794,912 $ 3,467,804 Financial liabilities Deposits $ 3,748,415 $ 3,740,170 $ — $ 3,740,170 $ — Short-term borrowings 262,359 262,359 — 262,359 — Long-term borrowings 630 632 — 632 — Subordinated debentures 103,904 91,605 — 91,605 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 4,646 4,646 — 4,646 — $ 4,139,543 $ 4,119,001 $ — $ 4,119,001 $ — December 31, 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 $ 52,232 $ 52,232 $ 21,834 $ 30,398 $ — Debt securities available for sale 502,762 502,762 — 498,155 4,607 Debt securities held to maturity 94,227 88,319 — 88,319 — Equity investments 10,958 10,958 6,557 4,401 — Other investments 21,130 21,130 — 21,130 — Loans, net 3,633,522 3,467,324 — 14,373 3,452,951 Accrued interest receivable 20,004 20,004 — 20,004 — Cash surrender value of life insurance policies and annuities 85,679 85,679 — 85,679 — Derivative financial assets 33,145 33,145 — 33,145 — $ 4,453,659 $ 4,281,553 $ 28,391 $ 795,604 $ 3,457,558 Financial liabilities Deposits $ 3,715,148 $ 3,706,250 $ — $ 3,706,250 $ — Short-term borrowings 302,957 302,957 — 302,957 — Long-term borrowings 637 642 — 642 — Subordinated debentures 103,782 90,902 — 90,902 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 3,980 3,980 — 3,980 — $ 4,146,093 $ 4,124,320 $ — $ 4,124,320 $ — |
Note 4 - Earnings Per Share
Note 4 - Earnings Per Share | 3 Months Ended |
Mar. 31, 2024 | |
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 March 31, 2024 2023 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 $ 17,047 $ 14,101 Less preferred stock dividends (225 ) (225 ) Basic earnings per share $ 16,822 14,683,596 $ 1.15 $ 13,876 12,783,851 $ 1.09 Effect of dilutive securities: Stock appreciation rights ("SARs") 65,017 43,287 Restricted stock units ("RSUs") 1,439 2,964 Diluted earnings per share $ 16,822 14,750,052 $ 1.14 $ 13,876 12,830,102 $ 1.08 SAR grants and RSUs are disregarded in this computation if they are determined to be anti-dilutive. Our anti-dilutive SARs totaled 215,388 three March 31, 2024 and 563,936 for the three March 31, 2023 March, 31 2024. March 31, 2023. |
Note 5 - Debt Securities
Note 5 - Debt Securities | 3 Months Ended |
Mar. 31, 2024 | |
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 March 31, 2024 December 31, 2023 March 31, 2024 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 $ 22,116 $ 33 $ 646 $ 21,503 Residential mortgage-backed securities: Government-sponsored agencies 129,634 133 6,648 123,119 Nongovernment-sponsored entities 78,023 137 4,304 73,856 State and political subdivisions General obligations 80,334 12 14,978 65,368 Various tax revenues 10,657 — 2,052 8,605 Other revenues 26,816 — 4,797 22,019 Corporate debt securities 38,201 39 1,651 36,589 Asset-backed securities 41,287 133 70 41,350 Total taxable debt securities 427,068 487 35,146 392,409 Tax-exempt debt securities State and political subdivisions General obligations 80,408 100 4,699 75,809 Other revenues 24,774 4 2,725 22,053 Total tax-exempt debt securities 105,182 104 7,424 97,862 Total debt securities available for sale $ 532,250 $ 591 $ 42,570 $ 490,271 December 31, 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 $ 23,295 $ 38 $ 508 $ 22,825 Residential mortgage-backed securities: Government-sponsored agencies 133,709 729 4,871 129,567 Nongovernment-sponsored entities 78,350 22 4,503 73,869 State and political subdivisions General obligations 79,323 3 14,995 64,331 Various tax revenues 10,665 — 2,107 8,558 Other revenues 26,822 — 4,782 22,040 Corporate debt securities 39,618 52 1,763 37,907 Asset-backed securities 44,388 81 264 44,205 Total taxable debt securities 436,170 925 33,793 403,302 Tax-exempt debt securities State and political subdivisions General obligations 80,144 581 3,716 77,009 Other revenues 24,882 28 2,459 22,451 Total tax-exempt debt securities 105,026 609 6,175 99,460 Total debt securities available for sale $ 541,196 $ 1,534 $ 39,968 $ 502,762 Accrued interest receivable on debt securities available for sale totaled $2.9 million at March 31, 2024 December 31, 2023 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. March 31, 2024 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value California $ 43,888 $ — $ 8,389 $ 35,499 Texas 27,926 28 3,733 24,221 Oregon 16,283 — 2,938 13,345 Michigan 14,502 — 1,616 12,886 Pennsylvania 10,662 7 1,273 9,396 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 March 31, 2024 Amortized Estimated Dollars in thousands Cost Fair Value Due in one year or less $ 61,182 $ 59,324 Due from one to five years 155,429 149,212 Due from five to ten years 113,695 104,397 Due after ten years 201,944 177,338 Total $ 532,250 $ 490,271 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 three March 31, 2024 2023 Proceeds from Gross realized Calls and Principal Dollars in thousands Sales Maturities Payments Gains Losses For the Three Months Ended March 31, 2024 $ 14,874 $ 1,500 $ 10,721 $ 55 $ 149 2023 $ 36,940 $ 1,145 $ 8,048 $ 446 $ 505 Provided below is a summary of debt securities available for sale which were in an unrealized loss position at March 31, 2024 December 31, 2023 March 31, 2024 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 $ 1,929 $ 4 $ 18,013 $ 642 $ 19,942 $ 646 Residential mortgage-backed securities: Government-sponsored agencies 140 35,647 1,060 75,938 5,588 111,585 6,648 Nongovernment-sponsored entities 34 5,955 736 58,633 3,568 64,588 4,304 State and political subdivisions: General obligations 54 — — 63,352 14,978 63,352 14,978 Various tax revenues 7 — — 8,605 2,052 8,605 2,052 Other revenues 21 — — 22,020 4,797 22,020 4,797 Corporate debt securities 19 4,626 44 19,089 1,607 23,715 1,651 Asset-backed securities 9 4,397 9 7,219 61 11,616 70 Tax-exempt debt securities State and political subdivisions: General obligations 52 28,338 419 41,116 4,280 69,454 4,699 Other revenues 21 1,237 12 19,762 2,713 20,999 2,725 Total 395 $ 82,129 $ 2,284 $ 333,747 $ 40,286 $ 415,876 $ 42,570 December 31, 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 39 $ 11,809 $ 287 $ 9,329 $ 221 $ 21,138 $ 508 Residential mortgage-backed securities: Government-sponsored agencies 133 68,815 1,528 32,902 3,343 101,717 4,871 Nongovernment-sponsored entities 35 27,804 1,493 40,274 3,010 68,078 4,503 State and political subdivisions: General obligations 54 — — 63,336 14,995 63,336 14,995 Various tax revenues 7 — — 8,558 2,107 8,558 2,107 Other revenues 21 1,530 56 18,854 4,726 20,384 4,782 Corporate debt securities 21 6,758 341 18,310 1,422 25,068 1,763 Asset-backed securities 17 23,823 110 9,961 154 33,784 264 Tax-exempt debt securities State and political subdivisions: General obligations 39 7,479 69 43,626 3,647 51,105 3,716 Other revenues 19 807 28 19,317 2,431 20,124 2,459 Total 385 $ 148,825 $ 3,912 $ 264,467 $ 36,056 $ 413,292 $ 39,968 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 March 31, 2024 December 31, 2023 March 31, 2024 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 $ 68,603 $ — $ 4,567 $ 64,036 Water and sewer revenues 7,768 — 461 7,307 Lease revenues 4,130 — 354 3,776 Sales tax revenues 4,428 — 450 3,978 Various tax revenues 5,403 — 649 4,754 Other revenues 3,405 — 227 3,178 Total debt securities held to maturity $ 93,737 $ — $ 6,708 $ 87,029 December 31, 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 $ 68,966 $ — $ 4,029 $ 64,937 Water and sewer revenues 7,816 — 417 7,399 Lease revenues 4,151 — 321 3,830 Sales tax revenues 4,446 — 409 4,037 Various tax revenues 5,425 — 536 4,889 Other revenues 3,423 — 196 3,227 Total debt securities held to maturity $ 94,227 $ — $ 5,908 $ 88,319 Accrued interest receivable on debt securities held to maturity totaled $937,000 at March 31, 2024 December 31, 2023 The below information is relative to the five states where issuers with the highest volume of state and political subdivision securities held in our held to maturity portfolio are located. We own no such securities of any single issuer which we deem to be a concentration. March 31, 2024 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Texas $ 14,718 $ — $ 955 $ 13,763 California 9,396 — 521 8,875 Pennsylvania 8,282 — 493 7,789 Florida 7,297 — 710 6,587 Michigan 6,739 — 561 6,178 The following table displays the amortized cost of held to maturity debt securities by credit rating at March 31, 2024 December 31, 2023 March 31, 2024 Dollars in thousands AAA AA A BBB Below Investment Grade Tax-exempt state and political subdivisions $ 14,791 $ 71,697 $ 7,249 $ — $ — December 31, 2023 Dollars in thousands AAA AA A BBB Below Investment Grade Tax-exempt state and political subdivisions $ 14,866 $ 72,086 $ 7,275 $ — $ — We owned no past due or nonaccrual held to maturity debt securities at March 31, 2024 December 31, 2023 The maturities, amortized cost and estimated fair values of held to maturity debt securities at March 31, 2024 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 4,003 3,809 Due after ten years 89,734 83,220 Total $ 93,737 $ 87,029 There were no proceeds from calls and maturities of debt securities held to maturity for the three March 31, 2024 2023 At March 31, 2024 |
Note 6 - Loans and Allowance fo
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) | 3 Months Ended |
Mar. 31, 2024 | |
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: March 31, December 31, Dollars in thousands 2024 2023 Commercial $ 533,214 $ 503,842 Commercial real estate - owner occupied Professional & medical 167,386 156,941 Retail 178,994 170,391 Other 223,027 217,776 Commercial real estate - non-owner occupied Hotels & motels 216,170 215,642 Mini-storage 80,838 68,517 Multifamily 309,190 302,298 Retail 247,109 254,246 Other 427,641 413,634 Construction and development Land & land development 105,425 145,258 Construction 341,727 374,026 Residential 1-4 family real estate Personal residence 362,942 362,733 Rental - small loan 144,657 142,665 Rental - large loan 123,132 116,614 Home equity 80,027 81,126 Mortgage warehouse lines 108,858 108,848 Consumer 43,107 43,756 Other Credit cards 2,251 2,286 Overdrafts 1,347 1,013 Total loans, net of unearned fees 3,697,042 3,681,612 Less allowance for credit losses - loans 49,232 48,090 Loans, net $ 3,647,810 $ 3,633,522 Accrued interest and fees receivable on loans totaled $14.6 million and $14.1 million at March 31, 2024 December 31, 2023 The following table presents the contractual aging of the amortized cost basis of past due loans by class as of March 31, 2024 December 31, 2023 March 31, 2024 Past Due 90 days or more and Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current Accruing Commercial $ 6,111 $ — $ 880 $ 6,991 $ 526,223 $ 290 Commercial real estate - owner occupied Professional & medical 61 — 357 418 166,968 — Retail — — — — 178,994 — Other 1,512 19 72 1,603 221,424 — Commercial real estate - non-owner occupied Hotels & motels — — — — 216,170 — Mini-storage — — — — 80,838 — Multifamily — — — — 309,190 — Retail — — 487 487 246,622 — Other 455 858 — 1,313 426,328 — Construction and development Land & land development — — 216 216 105,209 — Construction — — — — 341,727 — Residential 1-4 family real estate Personal residence 2,809 273 1,435 4,517 358,425 114 Rental - small loan 487 401 263 1,151 143,506 77 Rental - large loan — — 181 181 122,951 — Home equity 728 206 313 1,247 78,780 — Mortgage warehouse lines — — — — 108,858 — Consumer 284 119 53 456 42,651 12 Other Credit cards 10 — 13 23 2,228 13 Overdrafts — — — — 1,347 — Total $ 12,457 $ 1,876 $ 4,270 $ 18,603 $ 3,678,439 $ 506 December 31, 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 $ 1,092 $ 60 $ 485 $ 1,637 $ 502,205 $ — Commercial real estate - owner occupied Professional & medical 327 — 357 684 156,257 — Retail 195 165 119 479 169,912 — Other 270 — — 270 217,506 — Commercial real estate - non-owner occupied Hotels & motels — — — — 215,642 — Mini-storage 130 — — 130 68,387 — Multifamily 211 — — 211 302,087 — Retail 777 18 — 795 253,451 — Other — — — — 413,634 — Construction and development Land & land development 295 275 — 570 144,688 — Construction — — — — 374,026 — Residential 1-4 family real estate Personal residence 3,511 489 1,071 5,071 357,662 — Rental - small loan 331 78 75 484 142,181 — Rental - large loan — — 411 411 116,203 — Home equity 1,723 269 466 2,458 78,668 307 Mortgage warehouse lines — — — — 108,848 — Consumer 228 181 106 515 43,241 5 Other Credit cards 40 3 22 65 2,221 23 Overdrafts — — — — 1,013 — Total $ 9,130 $ 1,538 $ 3,112 $ 13,780 $ 3,667,832 $ 335 The following table presents the nonaccrual loans included in the net balance of loans at March 31, 2024 December 31, 2023 March 31, December 31, 2024 2023 Nonaccrual Nonaccrual with No with No Allowance for Allowance for Credit Losses Credit Losses Dollars in thousands Nonaccrual - Loans Nonaccrual - Loans Commercial $ 7,537 $ — $ 1,088 $ 2 Commercial real estate - owner occupied Professional & medical 357 — 395 — Retail 254 — 525 — Other 1,553 73 236 — Commercial real estate - non-owner occupied Hotels & motels — — — — Mini-storage — — — — Multifamily 434 — 446 — Retail 4,467 3,300 4,073 3,520 Other 1,313 456 — — Construction and development Land & land development 891 — 708 — Construction — — — — Residential 1-4 family real estate Personal residence 1,873 — 1,879 — Rental - small loan 1,822 439 1,922 245 Rental - large loan 181 — 410 — Home equity 369 — 313 — Mortgage warehouse lines — — — — Consumer 70 — 109 — Other Credit cards — — — — Overdrafts — — — — Total $ 21,121 $ 4,268 $ 12,104 $ 3,767 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 first 2024, 53 first 2023, March 31, 2023. 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 March 31, 2024 December 31, 2023 March 31, 2024 Revolvi- Revolving- Dollars in thousands Risk Rating 2024 2023 2022 2021 2020 Prior ng Term Total Commercial Pass $ 35,472 $ 60,037 $ 99,157 $ 49,650 $ 14,627 $ 17,027 $ 204,092 $ — $ 480,062 Special Mention — 718 5,535 3,793 2,400 2,721 30,172 — 45,339 Substandard — 110 968 506 — 5,972 257 — 7,813 Total Commercial 35,472 60,865 105,660 53,949 17,027 25,720 234,521 — 533,214 Current Period Charge-Offs — (22 ) — — — (16 ) — — (38 ) Commercial Real Estate - Owner Occupied Professional & medical Pass 575 20,207 18,994 63,814 9,376 48,660 1,457 — 163,083 Special Mention — — — 1,935 1,085 849 — — 3,869 Substandard — — — — — 434 — — 434 Total Professional & Medical 575 20,207 18,994 65,749 10,461 49,943 1,457 — 167,386 Current Period Charge-Offs — — — — — — — — — Retail Pass 1,464 5,430 22,717 76,843 11,575 56,069 3,157 — 177,255 Special Mention — — — — — 1,379 — — 1,379 Substandard — — — — — 360 — — 360 Total Retail 1,464 5,430 22,717 76,843 11,575 57,808 3,157 — 178,994 Current Period Charge-Offs — — — — — — — — — Other Pass 1,183 32,323 48,256 37,961 20,458 71,010 3,277 — 214,468 Special Mention — — — 52 4,645 1,789 — — 6,486 Substandard — — — — — 2,037 36 — 2,073 Total Other 1,183 32,323 48,256 38,013 25,103 74,836 3,313 — 223,027 Current Period Charge-Offs — — — — — — — — — Total Commercial Real Estate - Owner Occupied 3,222 57,960 89,967 180,605 47,139 182,587 7,927 — 569,407 Commercial Real Estate - Non-Owner Occupied Hotels & motels Pass — 55,682 41,328 11,931 9,104 80,535 550 — 199,130 Special Mention — — — — — — — — — Substandard — — — — 2,631 14,409 — — 17,040 Total Hotels & Motels — 55,682 41,328 11,931 11,735 94,944 550 — 216,170 Current Period Charge-Offs — — — — — — — — — Mini-storage Pass 710 1,707 30,227 15,279 6,587 26,263 26 — 80,799 Special Mention — — — — — 39 — — 39 Substandard — — — — — — — — — Total Mini-storage 710 1,707 30,227 15,279 6,587 26,302 26 — 80,838 Current Period Charge-Offs — — — — — — — — — Multifamily Pass 2,558 15,381 68,569 95,618 41,911 75,418 1,386 — 300,841 Special Mention — — — — 7,916 — — — 7,916 Substandard — — — — 391 42 — — 433 Total Multifamily 2,558 15,381 68,569 95,618 50,218 75,460 1,386 — 309,190 Current Period Charge-Offs — — — — — — — — — March 31, 2024 Revolvi- Revolving- Dollars in thousands Risk Rating 2024 2023 2022 2021 2020 Prior ng Term Total Retail Pass 199 36,392 49,341 53,050 48,691 44,541 3,998 — 236,212 Special Mention — 2,777 3,340 65 — 873 — — 7,055 Substandard — — — — 3,842 — — 3,842 Total Retail 199 39,169 52,681 53,115 48,691 49,256 3,998 — 247,109 Current Period Charge-Offs — — — — — — — — — Other Pass 1,905 84,478 103,578 90,545 55,678 61,613 12,059 — 409,856 Special Mention 443 5,449 — — 7,578 — — 13,470 Substandard — — — — — 4,315 — — 4,315 Total Other 1,905 84,921 109,027 90,545 55,678 73,506 12,059 — 427,641 Current Period Charge-Offs — — — — — (286 ) — — (286 ) Total Commercial Real Estate - Non-Owner Occupied 5,372 196,860 301,832 266,488 172,909 319,468 18,019 — 1,280,948 Construction and Development Land & land development Pass 1,638 16,916 21,255 19,945 9,319 18,545 11,312 — 98,930 Special Mention — — 4,488 — 143 561 — — 5,192 Substandard — 121 95 — — 1,087 — — 1,303 Total Land & land development 1,638 17,037 25,838 19,945 9,462 20,193 11,312 — 105,425 Current Period Charge-Offs — — — — — — — — — Construction Pass 1,296 71,615 81,729 147,730 38,093 — 600 — 341,063 Special Mention — 664 — — — — — — 664 Substandard — — — — — — — — — Total Construction 1,296 72,279 81,729 147,730 38,093 — 600 — 341,727 Current Period Charge-Offs — — — — — — — — — Total Construction and Development 2,934 89,316 107,567 167,675 47,555 20,193 11,912 — 447,152 Residential 1-4 Family Real Estate Personal residence Pass 8,402 54,486 62,806 54,423 31,357 133,857 — — 345,331 Special Mention 54 217 51 51 203 8,752 — — 9,328 Substandard — 162 54 65 — 8,002 — — 8,283 Total Personal Residence 8,456 54,865 62,911 54,539 31,560 150,611 — — 362,942 Current Period Charge-Offs — — — — — (6 ) — — (6 ) Rental - small loan Pass 5,333 18,155 22,045 26,265 10,866 49,027 6,790 — 138,481 Special Mention — — 277 360 98 2,501 174 — 3,410 Substandard — 534 151 — — 1,984 97 — 2,766 Total Rental - Small Loan 5,333 18,689 22,473 26,625 10,964 53,512 7,061 — 144,657 Current Period Charge-Offs — — — — — — — — — Rental - large loan Pass 6,912 6,745 41,397 35,163 12,171 13,428 3,641 — 119,457 Special Mention — — — — — 2,865 — — 2,865 Substandard — — 629 — — 181 — — 810 Total Rental - Large Loan 6,912 6,745 42,026 35,163 12,171 16,474 3,641 — 123,132 Current Period Charge-Offs — — — — — — — — — Home equity Pass — 11 822 423 206 2,629 72,974 — 77,065 Special Mention — — 31 311 100 818 838 — 2,098 Substandard — — — 25 — 794 45 — 864 Total Home Equity — 11 853 759 306 4,241 73,857 — 80,027 Current Period Charge-Offs — — — — — (15 ) — — (15 ) Total Residential 1-4 Family Real Estate 20,701 80,310 128,263 117,086 55,001 224,838 84,559 — 710,758 March 31, 2024 Revolvi- Revolving- Dollars in thousands Risk Rating 2024 2023 2022 2021 2020 Prior ng Term Total Mortgage warehouse lines Pass — — — — — — 108,858 — 108,858 Total Mortgage Warehouse Lines — — — — — — 108,858 — 108,858 Current Period Charge-Offs — — — — — — — — — Consumer Pass 8,256 16,304 8,864 3,286 1,481 1,376 969 — 40,536 Special Mention 278 925 645 134 84 100 3 — 2,169 Substandard 70 138 132 34 — 2 26 — 402 Total Consumer 8,604 17,367 9,641 3,454 1,565 1,478 998 — 43,107 Current Period Charge-Offs (70 ) (21 ) (70 ) (11 ) (35 ) — — — (207 ) Other Credit cards Pass 2,251 — — — — — — — 2,251 Total Credit Cards 2,251 — — — — — — — 2,251 Current Period Charge-Offs (7 ) — — — — — — — (7 ) Overdrafts Pass 1,347 — — — — — — — 1,347 Total Overdrafts 1,347 — — — — — — — 1,347 Current Period Charge-Offs (217 ) — — — — — — — (217 ) Total Other 3,598 — — — — — — — 3,598 Total $ 79,903 $ 502,678 $ 742,930 $ 789,257 $ 341,196 $ 774,284 $ 466,794 $ — $ 3,697,042 Total Charge-Offs $ (294 ) $ (43 ) $ (70 ) $ (11 ) $ (35 ) $ (323 ) $ — $ — $ (776 ) December 31, 2023 Revolvi- Revolving- Dollars in thousands Risk Rating 2023 2022 2021 2020 2019 Prior ng Term Total Commercial Pass $ 63,526 $ 130,075 $ 55,932 $ 17,841 $ 15,802 $ 9,693 $ 205,654 $ — $ 498,523 Special Mention 369 402 299 251 218 1,897 966 — 4,402 Substandard 78 124 447 — 40 — 228 — 917 Total Commercial 63,973 130,601 56,678 18,092 16,060 11,590 206,848 — 503,842 Current Period Charge-Offs — — (1 ) — — (3 ) (58 ) — (62 ) Commercial Real Estate - Owner Occupied Professional & medical Pass 20,453 18,882 53,241 9,522 7,668 42,993 1,723 — 154,482 Special Mention — — — 1,092 — 867 — — 1,959 Substandard — — — 67 — 433 — — 500 Total Professional & Medical 20,453 18,882 53,241 10,681 7,668 44,293 1,723 — 156,941 Current Period Charge-Offs — — — — — (3 ) — — (3 ) Retail Pass 5,600 22,936 66,848 11,794 23,778 34,173 3,116 — 168,245 Special Mention — — — — — 1,756 — — 1,756 Substandard — — — — — 390 — — 390 Total Retail 5,600 22,936 66,848 11,794 23,778 36,319 3,116 — 170,391 Current Period Charge-Offs — — — — — — — — — Other Pass 27,260 47,405 36,980 25,611 14,807 59,992 2,823 — 214,878 Special Mention — — 53 — 128 1,670 — — 1,851 Substandard — — — — 367 644 36 — 1,047 Total Other 27,260 47,405 37,033 25,611 15,302 62,306 2,859 — 217,776 Current Period Charge-Offs — — — — — (28 ) — — (28 ) Total Commercial Real Estate - Owner Occupied 53,313 89,223 157,122 48,086 46,748 142,918 7,698 — 545,108 December 31, 2023 Revolvi- Revolving- Dollars in thousands Risk Rating 2023 2022 2021 2020 2019 Prior ng Term Total Commercial Real Estate - Non-Owner Occupied Hotels & motels Pass 55,770 37,994 11,995 9,161 53,781 28,209 1,650 — 198,560 Special Mention — — — — — — — — — Substandard — — — 2,647 14,238 197 — — 17,082 Total Hotels & Motels 55,770 37,994 11,995 11,808 68,019 28,406 1,650 — 215,642 Current Period Charge-Offs — — — — — — — — — Mini-storage Pass 1,488 22,994 12,460 5,047 4,288 22,184 16 — 68,477 Special Mention — — — — — 40 — — 40 Substandard — — — — — — — — — Total Mini-storage 1,488 22,994 12,460 5,047 4,288 22,224 16 — 68,517 Current Period Charge-Offs — — — — — — — — — Multifamily Pass 15,406 69,803 72,257 52,648 21,966 68,610 1,163 — 301,853 Special Mention — — — — — — — — — Substandard — — — 400 — 45 — — 445 Total Multifamily 15,406 69,803 72,257 53,048 21,966 68,655 1,163 — 302,298 Current Period Charge-Offs — — — — — (57 ) — — (57 ) Retail Pass 39,462 53,109 57,587 49,146 10,623 35,241 4,046 — 249,214 Special Mention — — 66 — — 893 — — 959 Substandard — — — — 3,520 553 — — 4,073 Total Retail 39,462 53,109 57,653 49,146 14,143 36,687 4,046 — 254,246 Current Period Charge-Offs — — — — (3,658 ) — — — (3,658 ) Other Pass 45,146 104,191 114,862 56,165 15,509 55,330 9,237 — 400,440 Special Mention — 5,466 — — — 176 — — 5,642 Substandard — — — — 2,237 5,315 — — 7,552 Total Other 45,146 109,657 114,862 56,165 17,746 60,821 9,237 — 413,634 Current Period Charge-Offs — — — — — — — — — Total Commercial Real Estate - Non-Owner Occupied 157,272 293,557 269,227 175,214 126,162 216,793 16,112 — 1,254,337 Construction and Development Land & land development Pass 56,159 26,369 20,843 9,383 4,008 15,072 11,486 — 143,320 Special Mention — — — 144 155 419 — — 718 Substandard — 95 — — — 1,125 — — 1,220 Total Land & land development 56,159 26,464 20,843 9,527 4,163 16,616 11,486 — 145,258 Current Period Charge-Offs — — — — — — — — — Construction Pass 53,929 98,497 178,043 41,800 — 1,302 455 — 374,026 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total Construction 53,929 98,497 178,043 41,800 — 1,302 455 — 374,026 Current Period Charge-Offs — — — — — — — — — Total Construction and Development 110,088 124,961 198,886 51,327 4,163 17,918 11,941 — 519,284 Residential 1-4 Family Real Estate Personal residence Pass 54,170 65,858 55,445 32,016 16,499 121,272 — — 345,260 Special Mention 217 73 51 — 176 8,889 — — 9,406 Substandard — — 66 — 533 7,468 — — 8,067 Total Personal Residence 54,387 65,931 55,562 32,016 17,208 137,629 — — 362,733 Current Period Charge-Offs — — — — — (89 ) — — (89 ) December 31, 2023 Revolvi- Revolving- Dollars in thousands Risk Rating 2023 2022 2021 2020 2019 Prior ng Term Total Rental - small loan Pass 17,930 21,637 27,323 11,244 10,951 40,298 7,490 — 136,873 Special Mention — 280 219 99 182 2,283 — — 3,063 Substandard 534 153 — — — 1,942 100 — 2,729 Total Rental - Small Loan 18,464 22,070 27,542 11,343 11,133 44,523 7,590 — 142,665 Current Period Charge-Offs — — — — — — — — — Rental - large loan Pass 7,490 43,818 35,605 10,185 2,379 9,554 3,028 — 112,059 Special Mention — — — — — 3,516 — — 3,516 Substandard — 629 — — — 410 — — 1,039 Total Rental - Large Loan 7,490 44,447 35,605 10,185 2,379 13,480 3,028 — 116,614 Current Period Charge-Offs — — — — — — — — — Home equity Pass — 100 326 97 82 1,756 76,234 — 78,595 Special Mention — — — — 17 609 1,093 — 1,719 Substandard — — 25 — 37 600 150 — 812 Total Home Equity — 100 351 97 136 2,965 77,477 — 81,126 Current Period Charge-Offs — — — — — — — — — Total Residential 1-4 Family Real Estate 80,341 132,548 119,060 53,641 30,856 198,597 88,095 — 703,138 Mortgage warehouse lines Pass — — — — — — 108,848 — 108,848 Total Mortgage Warehouse Lines — — — — — — 108,848 — 108,848 Current Period Charge-Offs — — — — — — — — — Consumer Pass 21,206 11,580 3,953 1,720 695 1,011 912 — 41,077 Special Mention 1,171 749 160 94 39 76 4 — 2,293 Substandard 127 160 37 35 — 2 25 — 386 Total Consumer 22,504 12,489 4,150 1,849 734 1,089 941 — 43,756 Current Period Charge-Offs (124 ) (170 ) (39 ) (10 ) (1 ) (7 ) — — (351 ) Other Credit cards Pass 2,286 — — — — — — — 2,286 Total Credit Cards 2,286 — — — — — — — 2,286 Current Period Charge-Offs (93 ) — — — — — — — (93 ) Overdrafts Pass 1,013 — — — — — — — 1,013 Total Overdrafts 1,013 — — — — — — — 1,013 Current Period Charge-Offs (503 ) — — — — — — — (503 ) Total Other 3,299 — — — — — — — 3,299 Total $ 490,790 $ 783,379 $ 805,123 $ 348,209 $ 224,723 $ 588,905 $ 440,483 $ — $ 3,681,612 Total Charge-Offs $ (720 ) $ (170 ) $ (40 ) $ (10 ) $ (3,659 ) $ (187 ) $ (58 ) $ — $ (4,844 ) Allowance for Credit Losses - Loans The following tables presents the activity in the ACLL by portfolio segment during the three March 31, 2024 2023 twelve December 31, 2023 For the Three Months Ended March 31, 2024 Allowance for Credit Losses - Loans Provision for Credit Beginning Losses - Charge- Ending Dollars in thousands Balance Loans offs Recoveries Balance Commercial $ 4,319 $ 3,519 $ (38 ) $ 5 $ 7,805 Commercial real estate - owner occupied Professional & medical 1,207 64 — — 1,271 Retail 543 (87 ) — — 456 Other 601 561 — — 1,162 Commercial real estate - non-owner occupied Hotels & motels 3,124 589 — — 3,713 Mini-storage 79 107 — — 186 Multifamily 3,144 (30 ) — 1 3,115 Retail 2,518 111 — 18 2,647 Other 2,747 446 (286 ) 3 2,910 Construction and development Land & land development 5,576 (2,215 ) — 224 3,585 Construction 14,283 (1,636 ) — — 12,647 Residential 1-4 family real estate Personal residence 3,317 (314 ) (6 ) 34 3,031 Rental - small loan 1,871 (70 ) — 74 1,875 Rental - large loan 2,846 (399 ) — 440 2,887 Home equity 1,430 (58 ) (15 ) 11 1,368 Mortgage warehouse lines — — — — — Consumer 205 172 (207 ) 32 202 Other Credit cards 26 3 (7 ) 2 24 Overdrafts 254 287 (217 ) 24 348 Total $ 48,090 $ 1,050 $ (776 ) $ 868 $ 49,232 For the Three Months Ended March 31, 2023 Allowance for Credit Losses - Loans Provision for Credit Beginning Losses - Charge- Ending Dollars in thousands Balance Loans offs Recoveries Balance Commercial $ 4,941 $ (242 ) $ (21 ) $ 2 $ 4,680 Commercial real estate - owner occupied Professional & medical 966 (95 ) — — 871 Retail 1,176 (51 ) — — 1,125 Other 426 34 — — 460 Commercial real estate - non-owner occupied Hotels & motels 1,203 (65 ) — — 1,138 Mini-storage 82 8 — — 90 Multifamily 2,907 395 — 1 3,303 Retail 1,362 510 — 69 1,941 Other 2,452 (46 ) — 4 2,410 Construction and development Land & land development 3,482 486 — 2 3,970 Construction 11,138 621 — — 11,759 Residential 1-4 family real estate Personal residence 2,939 (468 ) (23 ) 71 2,519 Rental - small loan 1,907 (50 ) — 8 1,865 Rental - large loan 2,668 1,165 — — 3,833 Home equity 705 (310 ) — 13 408 Mortgage warehouse lines — — — — — Consumer 174 — (34 ) 38 178 Other Credit cards 17 10 (11 ) 1 17 Overdrafts 354 (27 ) (76 ) 18 269 Total $ 38,899 $ 1,875 $ (165 ) $ 227 $ 40,836 For the Twelve Months Ended December 31, 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 $ (570 ) $ — $ (62 ) $ 10 $ 4,319 Commercial real estate - owner occupied Professional & medical 966 216 28 (3 ) — 1,207 Retail 1,176 (716 ) 82 — 1 543 Other 426 (181 ) 384 (28 ) — 601 Commercial real estate - non-owner occupied Hotels & motels 1,203 1,921 — — — 3,124 Mini-storage 82 (3 ) — — — 79 Multifamily 2,907 288 1 (57 ) 5 3,144 Retail 1,362 4,601 99 (3,658 ) 114 2,518 Other 2,452 (349 ) 632 — 12 2,747 Construction and development Land & land development 3,482 2,085 1 — 8 5,576 Construction 11,138 3,145 — — — 14,283 Residential 1-4 family real estate Personal residence 2,939 57 69 (89 ) 341 3,317 Rental - small loan 1,907 (135 ) 68 — 31 1,871 Rental - large loan 2,668 (112 ) 1 — 289 2,846 Home equity 705 543 130 — 52 1,430 Mortgage warehouse lines — — — — — — Consumer 174 251 — (351 ) 131 205 Other Credit cards 17 93 — (93 ) 9 26 Overdrafts 354 321 — (503 ) 82 254 Total $ 38,899 $ 11,455 $ 1,495 $ (4,844 ) $ 1,085 $ 48,090 The following tables presents, as of March 31, 2024 December 31, 2023 March 31, 2024 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 $ 5,996 $ 527,218 $ 533,214 $ 2,614 $ 5,191 $ 7,805 Commercial real estate - owner occupied Professional & medical — 167,386 167,386 — 1,271 1,271 Retail 566 178,428 178,994 22 434 456 Other 1,250 221,777 223,027 167 995 1,162 Commercial real estate - non-owner occupied Hotels & motels 17,041 199,129 216,170 1,435 2,278 3,713 Mini-storage — 80,838 80,838 — 186 186 Multifamily — 309,190 309,190 — 3,115 3,115 Retail 3,680 243,429 247,109 97 2,550 2,647 Other 4,580 423,061 427,641 211 2,699 2,910 Construction and development Land & land development 676 104,749 105,425 428 3,157 3,585 Construction — 341,727 341,727 — 12,647 12,647 Residential 1-4 family real estate Personal residence — 362,942 362,942 — 3,031 3,031 Rental - small loan 1,237 143,420 144,657 187 1,688 1,875 Rental - large loan 628 122,504 123,132 — 2,887 2,887 Home equity — 80,027 80,027 — 1,368 1,368 Mortgage warehouse lines — 108,858 108,858 — — — Consumer — 43,107 43,107 — 202 202 Other Credit cards — 2,251 2,251 — 24 24 Overdrafts — 1,347 1,347 — 348 348 Total $ 35,654 $ 3,661,388 $ 3,697,042 $ 5,161 $ 44,071 $ 49,232 ( 1 December 31, 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 $ 92 $ 503,750 $ 503,842 $ — $ 4,319 $ 4,319 Commercial real estate - owner occupied Professional & medical — 156,941 156,941 — 1,207 1,207 Retail 572 169,819 170,391 23 520 543 Other — 217,776 217,776 — 601 601 Commercial real estate - non-owner occupied Hotels & motels 17,083 198,559 215,642 1,456 1,668 3,124 Mini-storage — 68,517 68,517 — 79 79 Multifamily — 302,298 302,298 — 3,144 3,144 Retail 3,906 250,340 254,246 103 2,415 2,518 Other 7,823 405,811 413,634 214 2,533 2,747 Construction and development Land & land development 708 144,550 145,258 460 5,116 5,576 Construction — 374,026 374,026 — 14,283 14,283 Residential 1-4 family real estate Personal residence — 362,733 362,733 — 3,317 3,317 Rental - small loan 1,247 141,418 142,665 104 1,767 1,871 Rental - large loan 1,256 115,358 116,614 — 2,846 2,846 Home equity — 81,126 81,126 — 1,430 1,430 Mortgage warehouse lines — 108,848 108,848 — — — Consumer — 43,756 43,756 — 205 205 Other Credit cards — 2,286 2,286 — 26 26 Overdrafts — 1,013 1,013 — 254 254 Total $ 32,687 $ 3,648,925 $ 3,681,612 $ 2,360 $ 45,730 $ 48,090 ( 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: March 31, 2024 Real Estate Allowance for Secured Non-Real Estate Credit Losses Dollars in thousands Loans Secured Loans Total Loans - Loans Commercial $ — $ 5,996 $ 5,996 $ 2,614 Commercial real estate - owner occupied Professional & medical — — — — Retail 566 — 566 22 Other 1,250 — 1,250 167 Commercial real estate - non-owner occupied Hotels & motels 17,041 — 17,041 1,435 Mini-storage — — — — Multifamily — — — — Retail 3,680 — 3,680 97 Other 4,580 — 4,580 211 Construction and development Land & land development 676 — 676 428 Construction — — — — Residential 1-4 family real estate Personal residence — — — — Rental - small loan 1,237 — 1,237 187 Rental - large loan 628 — 628 — Home equity — — — — Consumer — — — — Other Credit cards — — — — Overdrafts — — — — Total $ 29,658 $ 5,996 $ 35,654 $ 5,161 December 31, 2023 Real Estate Allowance for Secured Non-Real Estate Credit Losses Dollars in thousands Loans Secured Loans Total Loans - Loans Commercial $ — $ 92 $ 92 $ — Commercial real estate - owner occupied Professional & medical 572 — 572 — Retail — — — 23 Other — — — — Commercial real estate - non-owner occupied Hotels & motels 17,083 — 17,083 1,456 Mini-storage — — — — Multifamily — — — — Retail 3,906 — 3,906 103 Other 7,823 — 7,823 214 Construction and development Land & land development 708 — 708 460 Construction — — — — Residential 1-4 family real estate Personal residence — — — — Rental - small loan 1,247 — 1,247 104 Rental - large loan 1,256 — 1,256 — Home equity — — — — Consumer — — — — Other Credit cards — — — — Overdrafts — — — — Total $ 32,595 $ 92 $ 32,687 $ 2,360 |
Note 7 - Goodwill and Other Int
Note 7 - Goodwill and Other Intangible Assets | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 7. GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill and certain other intangible assets with indefinite useful lives are not March 31, 2024 December 31, 2023. The following table presents the balance of other intangible assets at March 31, 2024 and December 31, 2023 . Other Intangible Assets Dollars in thousands March 31, 2024 December 31, 2023 Identifiable intangible assets Gross carrying amount $ 30,755 $ 30,755 Less: accumulated amortization 13,346 12,359 Net carrying amount $ 17,409 $ 18,396 We recorded amortization expense of $987,000 for the three March 31, 2024 three March 31, 2023 Amortization relative to our identifiable intangible assets is expected to approximate the following during the next five Core Deposit Dollars in thousands Intangible Nine month period ending December 31, 2024 $ 2,682 Year ending December 31, 2025 3,258 Year ending December 31, 2026 2,846 Year ending December 31, 2027 2,433 Year ending December 31, 2028 2,021 Thereafter 4,099 |
Note 8 - Deposits
Note 8 - Deposits | 3 Months Ended |
Mar. 31, 2024 | |
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 March 31, 2024 December 31, 2023 March 31, December 31, Dollars in thousands 2024 2023 Demand deposits, interest bearing $ 2,145,824 $ 2,164,522 Savings deposits 438,451 450,527 Time deposits 558,631 506,523 Total $ 3,142,906 $ 3,121,572 Included in time deposits are deposits acquired through a third March 31, 2024 December 31, 2023 A summary of the scheduled maturities for all time deposits as of March 31, 2024 Dollars in thousands Nine month period ending December 31, 2024 $ 419,100 Year ending December 31, 2025 93,387 Year ending December 31, 2026 23,027 Year ending December 31, 2027 9,938 Year ending December 31, 2028 7,520 Thereafter 5,659 Total $ 558,631 The aggregate amount of time deposits in denominations that meet or exceed the FDIC insurance limit of $250,000 March 31, 2024 December 31, 2023 |
Note 9 - Borrowed Funds
Note 9 - Borrowed Funds | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 9. BORROWED FUNDS Short-term borrowings: Three Months Ended March 31, 2024 2023 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 March 31 $ 262,200 $ 159 $ 140,000 $ 150 Average balance outstanding for the period 298,167 158 166,215 150 Maximum balance outstanding at any month end during period 325,700 159 140,000 150 Weighted average interest rate for the period (1) 5.73 % 5.47 % 4.88 % 4.62 % Weighted average interest rate for balances outstanding at March 31 (1) 5.67 % 5.50 % 5.20 % 5.00 % (1) Excludes effect of any hedging activity Year Ended December 31, 2023 Dollars in thousands Short-term FHLB Advances Federal Funds Purchased and Short-term Repurchase Agreements Balance at December 31 $ 302,800 $ 157 Average balance outstanding for the period 229,850 8,502 Maximum balance outstanding at any month end during period 355,100 20,533 Weighted average interest rate for the period (1) 5.53 % 2.37 % Weighted average interest rate for balances outstanding at December 31 (1) 5.64 % 5.50 % (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: March 31, 2024 December 31, 2023 2026. Subordinated debentures: fourth 2021 March 31, 2024 December 31, 2023 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 March 31, 2024 December 31, 2023 2 2 September 22, 2020 September 30, 2025, September 30, 2025 three not first five Subordinated debentures owed to unconsolidated subsidiary trusts: three third March 31, 2024 December 31, 2023 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, 2024 $ 17 $ — $ — 2025 24 — — 2026 589 — — 2027 — — — 2028 — — — Thereafter — 105,000 19,589 $ 630 $ 105,000 $ 19,589 |
Note 10 - Share-based Compensat
Note 10 - Share-based Compensation | 3 Months Ended |
Mar. 31, 2024 | |
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 first 2024. 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 three 2024 2023 For the Three Months Ended March 31, 2024 Aggregate Remaining Weighted- Intrinsic Value Contractual Average Options/SARs (in thousands) Term (Yrs.) Exercise Price Outstanding, January 1 594,561 $ 22.81 Granted — — Exercised (500 ) 12.01 Forfeited — — Expired — — Outstanding, March 31 594,061 $ 2,580 5.92 $ 22.82 Exercisable, March 31 347,396 $ 1,909 4.37 $ 21.66 For the Three Months Ended March 31, 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 — — Expired — — Outstanding, March 31 648,596 $ 740 6.86 $ 22.74 Exercisable, March 31 288,517 $ 740 4.47 $ 20.78 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 three 2024 2023 RSUs Weighted Average Grant Date Fair Value Nonvested, December 31, 2023 2,399 $ 21.73 Granted — — Forfeited — — Vested — — Nonvested, March 31, 2024 2,399 $ 21.73 RSUs Weighted Average Grant Date Fair Value Nonvested, December 31, 2022 7,204 $ 20.49 Granted — — Forfeited — — Vested — — Nonvested, March 31, 2023 7,204 $ 20.49 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 three 2024 2023 March 31, 2024 unrecognized compensation expense related to all nonvested awards not |
Note 11 - Commitments and Conti
Note 11 - Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2024 | |
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: March 31, Dollars in thousands 2024 Commitments to extend credit: Revolving home equity and credit card lines $ 116,403 Construction loans 250,672 Other loans 485,637 Standby letters of credit 58,420 Total $ 911,132 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 $(1.1 million) and $(375,000) for the three March 31, 2024 March 31, 2023, March 31, 2024 December 31, 2023 Litigation We are not not |
Note 12 - Preferred Stock
Note 12 - Preferred Stock | 3 Months Ended |
Mar. 31, 2024 | |
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 | 3 Months Ended |
Mar. 31, 2024 | |
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" March 31, 2024 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 March 31, 2024 and December 31, 2023 . 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 March 31, 2024 CET1 (to risk weighted assets) Summit $ 381,890 9.4 % $ 285,018 7.0 % N/A N/A Summit Community 488,335 12.0 % 284,426 7.0 % 264,110 6.5 % Tier I Capital (to risk weighted assets) Summit 415,810 10.2 % 346,093 8.5 % N/A N/A Summit Community 488,335 12.0 % 345,375 8.5 % 325,059 8.0 % Total Capital (to risk weighted assets) Summit 570,628 14.0 % 427,527 10.5 % N/A N/A Summit Community 539,145 13.3 % 426,640 10.5 % 406,324 10.0 % Tier I Capital (to average assets) Summit 415,810 9.0 % 184,166 4.0 % N/A N/A Summit Community 488,335 10.6 % 183,982 4.0 % 229,977 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, 2023 CET1 (to risk weighted assets) Summit 369,935 9.1 % 285,338 7.0 % N/A N/A Summit Community 475,785 11.7 % 284,873 7.0 % 264,525 6.5 % Tier I Capital (to risk weighted assets) Summit 403,855 9.9 % 346,481 8.5 % N/A N/A Summit Community 475,785 11.7 % 345,917 8.5 % 325,569 8.0 % Total Capital (to risk weighted assets) Summit 556,590 13.7 % 428,006 10.5 % N/A N/A Summit Community 524,737 12.9 % 427,309 10.5 % 406,961 10.0 % Tier I Capital (to average assets) Summit 403,855 8.7 % 186,747 4.0 % N/A N/A Summit Community 475,785 10.2 % 186,057 4.0 % 232,571 5.0 % |
Note 14 - Derivative Financial
Note 14 - Derivative Financial Instruments | 3 Months Ended |
Mar. 31, 2024 | |
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 three pay-fixed/receive variable interest rate swaps as follows: • 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 interest rate caps as follows: • A $100 million notional interest rate cap with an effective date of July 20, 2020 April 18, 2030 three • 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 $9.5 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 March 31, 2024 December 31, 2023 March 31, 2024 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 $ 120,000 $ 1,248 $ — $ — Interest rate cap hedging: Short term borrowings $ 100,000 $ 18,596 $ — $ — Indexed interest bearing demand deposit accounts 100,000 6,725 — — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 15,994 $ 592 $ — $ — Available for sale taxable municipal securities 71,245 9,642 — (2 ) Total $ 407,239 $ 36,803 $ — $ (2 ) December 31, 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 $ 120,000 $ 1,059 $ 375 $ — Interest rate cap hedging: Short term borrowings $ 100,000 $ 17,578 $ — $ — Indexed interest bearing demand deposit accounts 100,000 6,736 — — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 16,175 $ 583 $ — $ — Available for sale taxable municipal securities 71,245 7,564 — 1 Total $ 407,420 $ 33,520 $ 375 $ 1 Loan commitments: 815, Derivatives and Hedging, |
Note 15 - Accumulated Other Com
Note 15 - Accumulated Other Comprehensive (Loss) Income | 3 Months Ended |
Mar. 31, 2024 | |
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 three March 31, 2024 2023 For the Three Months Ended March 31, 2024 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 $ 19 $ 147 $ 15,820 $ (29,211 ) $ 5,740 $ (7,485 ) Other comprehensive (loss) income before reclassification — — 1,350 (2,766 ) 1,581 165 Amounts reclassified from accumulated other comprehensive loss, net of tax — — — 71 — 71 Net current period other comprehensive (loss) income — — 1,350 (2,695 ) 1,581 236 Ending balance $ 19 $ 147 $ 17,170 $ (31,906 ) $ 7,321 $ (7,249 ) For the Three Months Ended March 31, 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 $ 20,867 $ (37,901 ) $ 5,406 $ (11,479 ) Other comprehensive income (loss) before reclassification — — (3,136 ) 7,493 (948 ) 3,409 Amounts reclassified from accumulated other comprehensive loss, net of tax — — — 45 — 45 Net current period other comprehensive income (loss) — — (3,136 ) 7,538 (948 ) 3,454 Ending balance $ (23 ) $ 172 $ 17,731 $ (30,363 ) $ 4,458 $ (8,025 ) |
Note 16 - Income Taxes
Note 16 - Income Taxes | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 16. Our income tax expense for the three March 31, 2024 March 31, 2023 three March 31, 2024 2023 s 22.7% and 20.2%, three March 31, 2024 2023 For the Three Months Ended March 31, 2024 2023 Percent Percent Applicable statutory rate 21.0 % 21.0 % Increase (decrease) in rate resulting from: Tax-exempt interest and dividends, net (1.1 )% (1.8 )% State income taxes, net of Federal income tax benefit 2.1 % 1.8 % Low-income housing and rehabilitation tax credits (0.4 )% (0.3 )% Other, net 1.1 % (0.5 )% Effective income tax rate 22.7 % 20.2 % The components of applicable income tax expense for the three March 31, 2024 2023 For the Three Months Ended March 31, Dollars in thousands 2024 2023 Current Federal $ 4,134 $ 3,537 State 540 451 4,674 3,988 Deferred Federal 282 (364 ) State 40 (49 ) 322 (413 ) Total $ 4,996 $ 3,575 |
Note 17 - Revenue From Contract
Note 17 - Revenue From Contracts With Customers | 3 Months Ended |
Mar. 31, 2024 | |
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 March 31, Dollars in thousands 2024 2023 Service fees on deposit accounts $ 1,723 $ 1,392 Bank card revenue 1,833 1,568 Trust and wealth management fees 847 811 Other 97 122 Net revenue from contracts with customers 4,500 3,893 Non-interest income within the scope of other ASC topics 578 493 Total noninterest income $ 5,078 $ 4,386 |
Note 18 - Merger
Note 18 - Merger | 3 Months Ended |
Mar. 31, 2024 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | NOTE 18. Pending Merger On August 24, 2023, 368 The merger will close May 3, 2024 8 August 24, 2023 |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Mar. 31, 2024 | |
Insider Trading Arr Line Items | |
Material Terms of Trading Arrangement [Text Block] | Item 5. Rule 10b5 1 10b5 1 None |
Rule 10b5-1 Arrangement Adopted [Flag] | false |
Note 3 - Fair Value Measureme_2
Note 3 - Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
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 March 31, 2024 Level 1 Level 2 Level 3 Debt securities available for sale U.S. Government sponsored agencies and corporations $ 21,503 $ — $ 21,503 $ — Residential mortgage-backed securities: Government sponsored agencies 123,119 — 123,119 — Nongovernment sponsored entities 73,856 — 69,389 4,467 State and political subdivisions 95,992 — 95,992 — Corporate debt securities 36,589 — 36,589 — Asset-backed securities 41,350 — 41,350 — Tax-exempt state and political subdivisions 97,862 — 97,862 — Total debt securities available for sale $ 490,271 $ — $ 485,804 $ 4,467 Equity investments $ 11,571 $ 7,107 $ 4,464 $ — Derivative financial assets Interest rate caps $ 25,321 $ — $ 25,321 $ — Interest rate swaps 11,482 — 11,482 — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2023 Level 1 Level 2 Level 3 Debt securities available for sale U.S. Government sponsored agencies and corporations $ 22,825 $ — $ 22,825 $ — Residential mortgage-backed securities: Government sponsored agencies 129,567 — 129,567 — Nongovernment sponsored entities 73,869 — 69,262 4,607 State and political subdivisions 94,929 — 94,929 — Corporate debt securities 37,907 — 37,907 — Asset-backed securities 44,205 — 44,205 — Tax-exempt state and political subdivisions 99,460 — 99,460 — Total debt securities available for sale $ 502,762 $ — $ 498,155 $ 4,607 Equity investments $ 10,958 $ 6,557 $ 4,401 $ — Derivative financial assets Interest rate caps $ 24,314 $ — $ 24,314 $ — Interest rate swaps 8,831 — 8,831 — |
Fair Value Measurements, Nonrecurring [Table Text Block] | Balance at Fair Value Measurements Using: Dollars in thousands March 31, 2024 Level 1 Level 2 Level 3 Collateral-dependent loans with an ACLL Commercial $ 3,299 $ — $ 3,299 $ — Commercial real estate 16,653 — 16,653 — Construction and development 248 — 248 — Residential real estate 352 — 352 — Total collateral-dependent loans with an ACLL $ 20,552 $ — $ 20,552 $ — Property held for sale Commercial real estate $ — $ — $ — $ — Construction and development 3,176 — 3,176 — Total property held for sale $ 3,176 $ — $ 3,176 $ — Balance at Fair Value Measurements Using: Dollars in thousands December 31, 2023 Level 1 Level 2 Level 3 Collateral-dependent loans with an ACLL Commercial real estate $ 13,488 $ — $ 13,488 $ — Construction and development 248 — 248 — Residential real estate 637 — 637 — Total collateral-dependent loans with an ACLL $ 14,373 $ — $ 14,373 $ — Property held for sale Commercial real estate $ 297 $ — $ 297 $ — Construction and development 3,176 — 3,176 — Total property held for sale $ 3,473 $ — $ 3,473 $ — |
Fair Value, by Balance Sheet Grouping [Table Text Block] | March 31, 2024 Fair Value Measurements Using: Estimated Carrying Fair Dollars in thousands Value Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 55,656 $ 55,656 $ 23,706 $ 31,950 $ — Debt securities available for sale 490,271 490,271 — 485,804 4,467 Debt securities held to maturity 93,737 87,029 — 87,029 — Equity investments 11,571 11,571 7,107 4,464 — Other investments 21,842 21,842 — 21,842 — Loans, net 3,647,810 3,483,889 — 20,552 3,463,337 Accrued interest receivable 20,238 20,238 — 20,238 — Cash surrender value of life insurance policies and annuities 86,230 86,230 — 86,230 — Derivative financial assets 36,803 36,803 — 36,803 — $ 4,464,158 $ 4,293,529 $ 30,813 $ 794,912 $ 3,467,804 Financial liabilities Deposits $ 3,748,415 $ 3,740,170 $ — $ 3,740,170 $ — Short-term borrowings 262,359 262,359 — 262,359 — Long-term borrowings 630 632 — 632 — Subordinated debentures 103,904 91,605 — 91,605 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 4,646 4,646 — 4,646 — $ 4,139,543 $ 4,119,001 $ — $ 4,119,001 $ — December 31, 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 $ 52,232 $ 52,232 $ 21,834 $ 30,398 $ — Debt securities available for sale 502,762 502,762 — 498,155 4,607 Debt securities held to maturity 94,227 88,319 — 88,319 — Equity investments 10,958 10,958 6,557 4,401 — Other investments 21,130 21,130 — 21,130 — Loans, net 3,633,522 3,467,324 — 14,373 3,452,951 Accrued interest receivable 20,004 20,004 — 20,004 — Cash surrender value of life insurance policies and annuities 85,679 85,679 — 85,679 — Derivative financial assets 33,145 33,145 — 33,145 — $ 4,453,659 $ 4,281,553 $ 28,391 $ 795,604 $ 3,457,558 Financial liabilities Deposits $ 3,715,148 $ 3,706,250 $ — $ 3,706,250 $ — Short-term borrowings 302,957 302,957 — 302,957 — Long-term borrowings 637 642 — 642 — Subordinated debentures 103,782 90,902 — 90,902 — Subordinated debentures owed to unconsolidated subsidiary trusts 19,589 19,589 — 19,589 — Accrued interest payable 3,980 3,980 — 3,980 — $ 4,146,093 $ 4,124,320 $ — $ 4,124,320 $ — |
Note 4 - Earnings Per Share (Ta
Note 4 - Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months Ended March 31, 2024 2023 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 $ 17,047 $ 14,101 Less preferred stock dividends (225 ) (225 ) Basic earnings per share $ 16,822 14,683,596 $ 1.15 $ 13,876 12,783,851 $ 1.09 Effect of dilutive securities: Stock appreciation rights ("SARs") 65,017 43,287 Restricted stock units ("RSUs") 1,439 2,964 Diluted earnings per share $ 16,822 14,750,052 $ 1.14 $ 13,876 12,830,102 $ 1.08 |
Note 5 - Debt Securities (Table
Note 5 - Debt Securities (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Marketable Securities [Table Text Block] | March 31, 2024 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 $ 22,116 $ 33 $ 646 $ 21,503 Residential mortgage-backed securities: Government-sponsored agencies 129,634 133 6,648 123,119 Nongovernment-sponsored entities 78,023 137 4,304 73,856 State and political subdivisions General obligations 80,334 12 14,978 65,368 Various tax revenues 10,657 — 2,052 8,605 Other revenues 26,816 — 4,797 22,019 Corporate debt securities 38,201 39 1,651 36,589 Asset-backed securities 41,287 133 70 41,350 Total taxable debt securities 427,068 487 35,146 392,409 Tax-exempt debt securities State and political subdivisions General obligations 80,408 100 4,699 75,809 Other revenues 24,774 4 2,725 22,053 Total tax-exempt debt securities 105,182 104 7,424 97,862 Total debt securities available for sale $ 532,250 $ 591 $ 42,570 $ 490,271 December 31, 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 $ 23,295 $ 38 $ 508 $ 22,825 Residential mortgage-backed securities: Government-sponsored agencies 133,709 729 4,871 129,567 Nongovernment-sponsored entities 78,350 22 4,503 73,869 State and political subdivisions General obligations 79,323 3 14,995 64,331 Various tax revenues 10,665 — 2,107 8,558 Other revenues 26,822 — 4,782 22,040 Corporate debt securities 39,618 52 1,763 37,907 Asset-backed securities 44,388 81 264 44,205 Total taxable debt securities 436,170 925 33,793 403,302 Tax-exempt debt securities State and political subdivisions General obligations 80,144 581 3,716 77,009 Other revenues 24,882 28 2,459 22,451 Total tax-exempt debt securities 105,026 609 6,175 99,460 Total debt securities available for sale $ 541,196 $ 1,534 $ 39,968 $ 502,762 |
Summary of Volume of State and Political Subdivision Securities Held in Portfolio [Table Text Block] | March 31, 2024 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value California $ 43,888 $ — $ 8,389 $ 35,499 Texas 27,926 28 3,733 24,221 Oregon 16,283 — 2,938 13,345 Michigan 14,502 — 1,616 12,886 Pennsylvania 10,662 7 1,273 9,396 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Amortized Estimated Dollars in thousands Cost Fair Value Due in one year or less $ 61,182 $ 59,324 Due from one to five years 155,429 149,212 Due from five to ten years 113,695 104,397 Due after ten years 201,944 177,338 Total $ 532,250 $ 490,271 |
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 Three Months Ended March 31, 2024 $ 14,874 $ 1,500 $ 10,721 $ 55 $ 149 2023 $ 36,940 $ 1,145 $ 8,048 $ 446 $ 505 |
Schedule of Unrealized Loss on Investments 1 [Table Text Block] | March 31, 2024 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 $ 1,929 $ 4 $ 18,013 $ 642 $ 19,942 $ 646 Residential mortgage-backed securities: Government-sponsored agencies 140 35,647 1,060 75,938 5,588 111,585 6,648 Nongovernment-sponsored entities 34 5,955 736 58,633 3,568 64,588 4,304 State and political subdivisions: General obligations 54 — — 63,352 14,978 63,352 14,978 Various tax revenues 7 — — 8,605 2,052 8,605 2,052 Other revenues 21 — — 22,020 4,797 22,020 4,797 Corporate debt securities 19 4,626 44 19,089 1,607 23,715 1,651 Asset-backed securities 9 4,397 9 7,219 61 11,616 70 Tax-exempt debt securities State and political subdivisions: General obligations 52 28,338 419 41,116 4,280 69,454 4,699 Other revenues 21 1,237 12 19,762 2,713 20,999 2,725 Total 395 $ 82,129 $ 2,284 $ 333,747 $ 40,286 $ 415,876 $ 42,570 December 31, 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 39 $ 11,809 $ 287 $ 9,329 $ 221 $ 21,138 $ 508 Residential mortgage-backed securities: Government-sponsored agencies 133 68,815 1,528 32,902 3,343 101,717 4,871 Nongovernment-sponsored entities 35 27,804 1,493 40,274 3,010 68,078 4,503 State and political subdivisions: General obligations 54 — — 63,336 14,995 63,336 14,995 Various tax revenues 7 — — 8,558 2,107 8,558 2,107 Other revenues 21 1,530 56 18,854 4,726 20,384 4,782 Corporate debt securities 21 6,758 341 18,310 1,422 25,068 1,763 Asset-backed securities 17 23,823 110 9,961 154 33,784 264 Tax-exempt debt securities State and political subdivisions: General obligations 39 7,479 69 43,626 3,647 51,105 3,716 Other revenues 19 807 28 19,317 2,431 20,124 2,459 Total 385 $ 148,825 $ 3,912 $ 264,467 $ 36,056 $ 413,292 $ 39,968 |
Debt Securities, Held-to-Maturity [Table Text Block] | March 31, 2024 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 $ 68,603 $ — $ 4,567 $ 64,036 Water and sewer revenues 7,768 — 461 7,307 Lease revenues 4,130 — 354 3,776 Sales tax revenues 4,428 — 450 3,978 Various tax revenues 5,403 — 649 4,754 Other revenues 3,405 — 227 3,178 Total debt securities held to maturity $ 93,737 $ — $ 6,708 $ 87,029 December 31, 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 $ 68,966 $ — $ 4,029 $ 64,937 Water and sewer revenues 7,816 — 417 7,399 Lease revenues 4,151 — 321 3,830 Sales tax revenues 4,446 — 409 4,037 Various tax revenues 5,425 — 536 4,889 Other revenues 3,423 — 196 3,227 Total debt securities held to maturity $ 94,227 $ — $ 5,908 $ 88,319 |
Summary of Volume of State and Political Subdivision Securities Held to Maturity [Table Text Block] | March 31, 2024 Amortized Unrealized Estimated Dollars in thousands Cost Gains Losses Fair Value Texas $ 14,718 $ — $ 955 $ 13,763 California 9,396 — 521 8,875 Pennsylvania 8,282 — 493 7,789 Florida 7,297 — 710 6,587 Michigan 6,739 — 561 6,178 |
Debt Securities Held to Maturity by Credit Rating [Table Text Block] | March 31, 2024 Dollars in thousands AAA AA A BBB Below Investment Grade Tax-exempt state and political subdivisions $ 14,791 $ 71,697 $ 7,249 $ — $ — December 31, 2023 Dollars in thousands AAA AA A BBB Below Investment Grade Tax-exempt state and political subdivisions $ 14,866 $ 72,086 $ 7,275 $ — $ — |
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 4,003 3,809 Due after ten years 89,734 83,220 Total $ 93,737 $ 87,029 |
Note 6 - Loans and Allowance _2
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, December 31, Dollars in thousands 2024 2023 Commercial $ 533,214 $ 503,842 Commercial real estate - owner occupied Professional & medical 167,386 156,941 Retail 178,994 170,391 Other 223,027 217,776 Commercial real estate - non-owner occupied Hotels & motels 216,170 215,642 Mini-storage 80,838 68,517 Multifamily 309,190 302,298 Retail 247,109 254,246 Other 427,641 413,634 Construction and development Land & land development 105,425 145,258 Construction 341,727 374,026 Residential 1-4 family real estate Personal residence 362,942 362,733 Rental - small loan 144,657 142,665 Rental - large loan 123,132 116,614 Home equity 80,027 81,126 Mortgage warehouse lines 108,858 108,848 Consumer 43,107 43,756 Other Credit cards 2,251 2,286 Overdrafts 1,347 1,013 Total loans, net of unearned fees 3,697,042 3,681,612 Less allowance for credit losses - loans 49,232 48,090 Loans, net $ 3,647,810 $ 3,633,522 |
Financing Receivable, Past Due [Table Text Block] | March 31, 2024 Past Due 90 days or more and Dollars in thousands 30-59 days 60-89 days 90 days or more Total Current Accruing Commercial $ 6,111 $ — $ 880 $ 6,991 $ 526,223 $ 290 Commercial real estate - owner occupied Professional & medical 61 — 357 418 166,968 — Retail — — — — 178,994 — Other 1,512 19 72 1,603 221,424 — Commercial real estate - non-owner occupied Hotels & motels — — — — 216,170 — Mini-storage — — — — 80,838 — Multifamily — — — — 309,190 — Retail — — 487 487 246,622 — Other 455 858 — 1,313 426,328 — Construction and development Land & land development — — 216 216 105,209 — Construction — — — — 341,727 — Residential 1-4 family real estate Personal residence 2,809 273 1,435 4,517 358,425 114 Rental - small loan 487 401 263 1,151 143,506 77 Rental - large loan — — 181 181 122,951 — Home equity 728 206 313 1,247 78,780 — Mortgage warehouse lines — — — — 108,858 — Consumer 284 119 53 456 42,651 12 Other Credit cards 10 — 13 23 2,228 13 Overdrafts — — — — 1,347 — Total $ 12,457 $ 1,876 $ 4,270 $ 18,603 $ 3,678,439 $ 506 December 31, 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 $ 1,092 $ 60 $ 485 $ 1,637 $ 502,205 $ — Commercial real estate - owner occupied Professional & medical 327 — 357 684 156,257 — Retail 195 165 119 479 169,912 — Other 270 — — 270 217,506 — Commercial real estate - non-owner occupied Hotels & motels — — — — 215,642 — Mini-storage 130 — — 130 68,387 — Multifamily 211 — — 211 302,087 — Retail 777 18 — 795 253,451 — Other — — — — 413,634 — Construction and development Land & land development 295 275 — 570 144,688 — Construction — — — — 374,026 — Residential 1-4 family real estate Personal residence 3,511 489 1,071 5,071 357,662 — Rental - small loan 331 78 75 484 142,181 — Rental - large loan — — 411 411 116,203 — Home equity 1,723 269 466 2,458 78,668 307 Mortgage warehouse lines — — — — 108,848 — Consumer 228 181 106 515 43,241 5 Other Credit cards 40 3 22 65 2,221 23 Overdrafts — — — — 1,013 — Total $ 9,130 $ 1,538 $ 3,112 $ 13,780 $ 3,667,832 $ 335 |
Financing Receivable, Nonaccrual [Table Text Block] | March 31, December 31, 2024 2023 Nonaccrual Nonaccrual with No with No Allowance for Allowance for Credit Losses Credit Losses Dollars in thousands Nonaccrual - Loans Nonaccrual - Loans Commercial $ 7,537 $ — $ 1,088 $ 2 Commercial real estate - owner occupied Professional & medical 357 — 395 — Retail 254 — 525 — Other 1,553 73 236 — Commercial real estate - non-owner occupied Hotels & motels — — — — Mini-storage — — — — Multifamily 434 — 446 — Retail 4,467 3,300 4,073 3,520 Other 1,313 456 — — Construction and development Land & land development 891 — 708 — Construction — — — — Residential 1-4 family real estate Personal residence 1,873 — 1,879 — Rental - small loan 1,822 439 1,922 245 Rental - large loan 181 — 410 — Home equity 369 — 313 — Mortgage warehouse lines — — — — Consumer 70 — 109 — Other Credit cards — — — — Overdrafts — — — — Total $ 21,121 $ 4,268 $ 12,104 $ 3,767 |
Financing Receivable Credit Quality Indicators [Table Text Block] | March 31, 2024 Revolvi- Revolving- Dollars in thousands Risk Rating 2024 2023 2022 2021 2020 Prior ng Term Total Commercial Pass $ 35,472 $ 60,037 $ 99,157 $ 49,650 $ 14,627 $ 17,027 $ 204,092 $ — $ 480,062 Special Mention — 718 5,535 3,793 2,400 2,721 30,172 — 45,339 Substandard — 110 968 506 — 5,972 257 — 7,813 Total Commercial 35,472 60,865 105,660 53,949 17,027 25,720 234,521 — 533,214 Current Period Charge-Offs — (22 ) — — — (16 ) — — (38 ) Commercial Real Estate - Owner Occupied Professional & medical Pass 575 20,207 18,994 63,814 9,376 48,660 1,457 — 163,083 Special Mention — — — 1,935 1,085 849 — — 3,869 Substandard — — — — — 434 — — 434 Total Professional & Medical 575 20,207 18,994 65,749 10,461 49,943 1,457 — 167,386 Current Period Charge-Offs — — — — — — — — — Retail Pass 1,464 5,430 22,717 76,843 11,575 56,069 3,157 — 177,255 Special Mention — — — — — 1,379 — — 1,379 Substandard — — — — — 360 — — 360 Total Retail 1,464 5,430 22,717 76,843 11,575 57,808 3,157 — 178,994 Current Period Charge-Offs — — — — — — — — — Other Pass 1,183 32,323 48,256 37,961 20,458 71,010 3,277 — 214,468 Special Mention — — — 52 4,645 1,789 — — 6,486 Substandard — — — — — 2,037 36 — 2,073 Total Other 1,183 32,323 48,256 38,013 25,103 74,836 3,313 — 223,027 Current Period Charge-Offs — — — — — — — — — Total Commercial Real Estate - Owner Occupied 3,222 57,960 89,967 180,605 47,139 182,587 7,927 — 569,407 Commercial Real Estate - Non-Owner Occupied Hotels & motels Pass — 55,682 41,328 11,931 9,104 80,535 550 — 199,130 Special Mention — — — — — — — — — Substandard — — — — 2,631 14,409 — — 17,040 Total Hotels & Motels — 55,682 41,328 11,931 11,735 94,944 550 — 216,170 Current Period Charge-Offs — — — — — — — — — Mini-storage Pass 710 1,707 30,227 15,279 6,587 26,263 26 — 80,799 Special Mention — — — — — 39 — — 39 Substandard — — — — — — — — — Total Mini-storage 710 1,707 30,227 15,279 6,587 26,302 26 — 80,838 Current Period Charge-Offs — — — — — — — — — Multifamily Pass 2,558 15,381 68,569 95,618 41,911 75,418 1,386 — 300,841 Special Mention — — — — 7,916 — — — 7,916 Substandard — — — — 391 42 — — 433 Total Multifamily 2,558 15,381 68,569 95,618 50,218 75,460 1,386 — 309,190 Current Period Charge-Offs — — — — — — — — — March 31, 2024 Revolvi- Revolving- Dollars in thousands Risk Rating 2024 2023 2022 2021 2020 Prior ng Term Total Retail Pass 199 36,392 49,341 53,050 48,691 44,541 3,998 — 236,212 Special Mention — 2,777 3,340 65 — 873 — — 7,055 Substandard — — — — 3,842 — — 3,842 Total Retail 199 39,169 52,681 53,115 48,691 49,256 3,998 — 247,109 Current Period Charge-Offs — — — — — — — — — Other Pass 1,905 84,478 103,578 90,545 55,678 61,613 12,059 — 409,856 Special Mention 443 5,449 — — 7,578 — — 13,470 Substandard — — — — — 4,315 — — 4,315 Total Other 1,905 84,921 109,027 90,545 55,678 73,506 12,059 — 427,641 Current Period Charge-Offs — — — — — (286 ) — — (286 ) Total Commercial Real Estate - Non-Owner Occupied 5,372 196,860 301,832 266,488 172,909 319,468 18,019 — 1,280,948 Construction and Development Land & land development Pass 1,638 16,916 21,255 19,945 9,319 18,545 11,312 — 98,930 Special Mention — — 4,488 — 143 561 — — 5,192 Substandard — 121 95 — — 1,087 — — 1,303 Total Land & land development 1,638 17,037 25,838 19,945 9,462 20,193 11,312 — 105,425 Current Period Charge-Offs — — — — — — — — — Construction Pass 1,296 71,615 81,729 147,730 38,093 — 600 — 341,063 Special Mention — 664 — — — — — — 664 Substandard — — — — — — — — — Total Construction 1,296 72,279 81,729 147,730 38,093 — 600 — 341,727 Current Period Charge-Offs — — — — — — — — — Total Construction and Development 2,934 89,316 107,567 167,675 47,555 20,193 11,912 — 447,152 Residential 1-4 Family Real Estate Personal residence Pass 8,402 54,486 62,806 54,423 31,357 133,857 — — 345,331 Special Mention 54 217 51 51 203 8,752 — — 9,328 Substandard — 162 54 65 — 8,002 — — 8,283 Total Personal Residence 8,456 54,865 62,911 54,539 31,560 150,611 — — 362,942 Current Period Charge-Offs — — — — — (6 ) — — (6 ) Rental - small loan Pass 5,333 18,155 22,045 26,265 10,866 49,027 6,790 — 138,481 Special Mention — — 277 360 98 2,501 174 — 3,410 Substandard — 534 151 — — 1,984 97 — 2,766 Total Rental - Small Loan 5,333 18,689 22,473 26,625 10,964 53,512 7,061 — 144,657 Current Period Charge-Offs — — — — — — — — — Rental - large loan Pass 6,912 6,745 41,397 35,163 12,171 13,428 3,641 — 119,457 Special Mention — — — — — 2,865 — — 2,865 Substandard — — 629 — — 181 — — 810 Total Rental - Large Loan 6,912 6,745 42,026 35,163 12,171 16,474 3,641 — 123,132 Current Period Charge-Offs — — — — — — — — — Home equity Pass — 11 822 423 206 2,629 72,974 — 77,065 Special Mention — — 31 311 100 818 838 — 2,098 Substandard — — — 25 — 794 45 — 864 Total Home Equity — 11 853 759 306 4,241 73,857 — 80,027 Current Period Charge-Offs — — — — — (15 ) — — (15 ) Total Residential 1-4 Family Real Estate 20,701 80,310 128,263 117,086 55,001 224,838 84,559 — 710,758 March 31, 2024 Revolvi- Revolving- Dollars in thousands Risk Rating 2024 2023 2022 2021 2020 Prior ng Term Total Mortgage warehouse lines Pass — — — — — — 108,858 — 108,858 Total Mortgage Warehouse Lines — — — — — — 108,858 — 108,858 Current Period Charge-Offs — — — — — — — — — Consumer Pass 8,256 16,304 8,864 3,286 1,481 1,376 969 — 40,536 Special Mention 278 925 645 134 84 100 3 — 2,169 Substandard 70 138 132 34 — 2 26 — 402 Total Consumer 8,604 17,367 9,641 3,454 1,565 1,478 998 — 43,107 Current Period Charge-Offs (70 ) (21 ) (70 ) (11 ) (35 ) — — — (207 ) Other Credit cards Pass 2,251 — — — — — — — 2,251 Total Credit Cards 2,251 — — — — — — — 2,251 Current Period Charge-Offs (7 ) — — — — — — — (7 ) Overdrafts Pass 1,347 — — — — — — — 1,347 Total Overdrafts 1,347 — — — — — — — 1,347 Current Period Charge-Offs (217 ) — — — — — — — (217 ) Total Other 3,598 — — — — — — — 3,598 Total $ 79,903 $ 502,678 $ 742,930 $ 789,257 $ 341,196 $ 774,284 $ 466,794 $ — $ 3,697,042 Total Charge-Offs $ (294 ) $ (43 ) $ (70 ) $ (11 ) $ (35 ) $ (323 ) $ — $ — $ (776 ) December 31, 2023 Revolvi- Revolving- Dollars in thousands Risk Rating 2023 2022 2021 2020 2019 Prior ng Term Total Commercial Pass $ 63,526 $ 130,075 $ 55,932 $ 17,841 $ 15,802 $ 9,693 $ 205,654 $ — $ 498,523 Special Mention 369 402 299 251 218 1,897 966 — 4,402 Substandard 78 124 447 — 40 — 228 — 917 Total Commercial 63,973 130,601 56,678 18,092 16,060 11,590 206,848 — 503,842 Current Period Charge-Offs — — (1 ) — — (3 ) (58 ) — (62 ) Commercial Real Estate - Owner Occupied Professional & medical Pass 20,453 18,882 53,241 9,522 7,668 42,993 1,723 — 154,482 Special Mention — — — 1,092 — 867 — — 1,959 Substandard — — — 67 — 433 — — 500 Total Professional & Medical 20,453 18,882 53,241 10,681 7,668 44,293 1,723 — 156,941 Current Period Charge-Offs — — — — — (3 ) — — (3 ) Retail Pass 5,600 22,936 66,848 11,794 23,778 34,173 3,116 — 168,245 Special Mention — — — — — 1,756 — — 1,756 Substandard — — — — — 390 — — 390 Total Retail 5,600 22,936 66,848 11,794 23,778 36,319 3,116 — 170,391 Current Period Charge-Offs — — — — — — — — — Other Pass 27,260 47,405 36,980 25,611 14,807 59,992 2,823 — 214,878 Special Mention — — 53 — 128 1,670 — — 1,851 Substandard — — — — 367 644 36 — 1,047 Total Other 27,260 47,405 37,033 25,611 15,302 62,306 2,859 — 217,776 Current Period Charge-Offs — — — — — (28 ) — — (28 ) Total Commercial Real Estate - Owner Occupied 53,313 89,223 157,122 48,086 46,748 142,918 7,698 — 545,108 December 31, 2023 Revolvi- Revolving- Dollars in thousands Risk Rating 2023 2022 2021 2020 2019 Prior ng Term Total Commercial Real Estate - Non-Owner Occupied Hotels & motels Pass 55,770 37,994 11,995 9,161 53,781 28,209 1,650 — 198,560 Special Mention — — — — — — — — — Substandard — — — 2,647 14,238 197 — — 17,082 Total Hotels & Motels 55,770 37,994 11,995 11,808 68,019 28,406 1,650 — 215,642 Current Period Charge-Offs — — — — — — — — — Mini-storage Pass 1,488 22,994 12,460 5,047 4,288 22,184 16 — 68,477 Special Mention — — — — — 40 — — 40 Substandard — — — — — — — — — Total Mini-storage 1,488 22,994 12,460 5,047 4,288 22,224 16 — 68,517 Current Period Charge-Offs — — — — — — — — — Multifamily Pass 15,406 69,803 72,257 52,648 21,966 68,610 1,163 — 301,853 Special Mention — — — — — — — — — Substandard — — — 400 — 45 — — 445 Total Multifamily 15,406 69,803 72,257 53,048 21,966 68,655 1,163 — 302,298 Current Period Charge-Offs — — — — — (57 ) — — (57 ) Retail Pass 39,462 53,109 57,587 49,146 10,623 35,241 4,046 — 249,214 Special Mention — — 66 — — 893 — — 959 Substandard — — — — 3,520 553 — — 4,073 Total Retail 39,462 53,109 57,653 49,146 14,143 36,687 4,046 — 254,246 Current Period Charge-Offs — — — — (3,658 ) — — — (3,658 ) Other Pass 45,146 104,191 114,862 56,165 15,509 55,330 9,237 — 400,440 Special Mention — 5,466 — — — 176 — — 5,642 Substandard — — — — 2,237 5,315 — — 7,552 Total Other 45,146 109,657 114,862 56,165 17,746 60,821 9,237 — 413,634 Current Period Charge-Offs — — — — — — — — — Total Commercial Real Estate - Non-Owner Occupied 157,272 293,557 269,227 175,214 126,162 216,793 16,112 — 1,254,337 Construction and Development Land & land development Pass 56,159 26,369 20,843 9,383 4,008 15,072 11,486 — 143,320 Special Mention — — — 144 155 419 — — 718 Substandard — 95 — — — 1,125 — — 1,220 Total Land & land development 56,159 26,464 20,843 9,527 4,163 16,616 11,486 — 145,258 Current Period Charge-Offs — — — — — — — — — Construction Pass 53,929 98,497 178,043 41,800 — 1,302 455 — 374,026 Special Mention — — — — — — — — — Substandard — — — — — — — — — Total Construction 53,929 98,497 178,043 41,800 — 1,302 455 — 374,026 Current Period Charge-Offs — — — — — — — — — Total Construction and Development 110,088 124,961 198,886 51,327 4,163 17,918 11,941 — 519,284 Residential 1-4 Family Real Estate Personal residence Pass 54,170 65,858 55,445 32,016 16,499 121,272 — — 345,260 Special Mention 217 73 51 — 176 8,889 — — 9,406 Substandard — — 66 — 533 7,468 — — 8,067 Total Personal Residence 54,387 65,931 55,562 32,016 17,208 137,629 — — 362,733 Current Period Charge-Offs — — — — — (89 ) — — (89 ) December 31, 2023 Revolvi- Revolving- Dollars in thousands Risk Rating 2023 2022 2021 2020 2019 Prior ng Term Total Rental - small loan Pass 17,930 21,637 27,323 11,244 10,951 40,298 7,490 — 136,873 Special Mention — 280 219 99 182 2,283 — — 3,063 Substandard 534 153 — — — 1,942 100 — 2,729 Total Rental - Small Loan 18,464 22,070 27,542 11,343 11,133 44,523 7,590 — 142,665 Current Period Charge-Offs — — — — — — — — — Rental - large loan Pass 7,490 43,818 35,605 10,185 2,379 9,554 3,028 — 112,059 Special Mention — — — — — 3,516 — — 3,516 Substandard — 629 — — — 410 — — 1,039 Total Rental - Large Loan 7,490 44,447 35,605 10,185 2,379 13,480 3,028 — 116,614 Current Period Charge-Offs — — — — — — — — — Home equity Pass — 100 326 97 82 1,756 76,234 — 78,595 Special Mention — — — — 17 609 1,093 — 1,719 Substandard — — 25 — 37 600 150 — 812 Total Home Equity — 100 351 97 136 2,965 77,477 — 81,126 Current Period Charge-Offs — — — — — — — — — Total Residential 1-4 Family Real Estate 80,341 132,548 119,060 53,641 30,856 198,597 88,095 — 703,138 Mortgage warehouse lines Pass — — — — — — 108,848 — 108,848 Total Mortgage Warehouse Lines — — — — — — 108,848 — 108,848 Current Period Charge-Offs — — — — — — — — — Consumer Pass 21,206 11,580 3,953 1,720 695 1,011 912 — 41,077 Special Mention 1,171 749 160 94 39 76 4 — 2,293 Substandard 127 160 37 35 — 2 25 — 386 Total Consumer 22,504 12,489 4,150 1,849 734 1,089 941 — 43,756 Current Period Charge-Offs (124 ) (170 ) (39 ) (10 ) (1 ) (7 ) — — (351 ) Other Credit cards Pass 2,286 — — — — — — — 2,286 Total Credit Cards 2,286 — — — — — — — 2,286 Current Period Charge-Offs (93 ) — — — — — — — (93 ) Overdrafts Pass 1,013 — — — — — — — 1,013 Total Overdrafts 1,013 — — — — — — — 1,013 Current Period Charge-Offs (503 ) — — — — — — — (503 ) Total Other 3,299 — — — — — — — 3,299 Total $ 490,790 $ 783,379 $ 805,123 $ 348,209 $ 224,723 $ 588,905 $ 440,483 $ — $ 3,681,612 Total Charge-Offs $ (720 ) $ (170 ) $ (40 ) $ (10 ) $ (3,659 ) $ (187 ) $ (58 ) $ — $ (4,844 ) |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | For the Three Months Ended March 31, 2024 Allowance for Credit Losses - Loans Provision for Credit Beginning Losses - Charge- Ending Dollars in thousands Balance Loans offs Recoveries Balance Commercial $ 4,319 $ 3,519 $ (38 ) $ 5 $ 7,805 Commercial real estate - owner occupied Professional & medical 1,207 64 — — 1,271 Retail 543 (87 ) — — 456 Other 601 561 — — 1,162 Commercial real estate - non-owner occupied Hotels & motels 3,124 589 — — 3,713 Mini-storage 79 107 — — 186 Multifamily 3,144 (30 ) — 1 3,115 Retail 2,518 111 — 18 2,647 Other 2,747 446 (286 ) 3 2,910 Construction and development Land & land development 5,576 (2,215 ) — 224 3,585 Construction 14,283 (1,636 ) — — 12,647 Residential 1-4 family real estate Personal residence 3,317 (314 ) (6 ) 34 3,031 Rental - small loan 1,871 (70 ) — 74 1,875 Rental - large loan 2,846 (399 ) — 440 2,887 Home equity 1,430 (58 ) (15 ) 11 1,368 Mortgage warehouse lines — — — — — Consumer 205 172 (207 ) 32 202 Other Credit cards 26 3 (7 ) 2 24 Overdrafts 254 287 (217 ) 24 348 Total $ 48,090 $ 1,050 $ (776 ) $ 868 $ 49,232 For the Three Months Ended March 31, 2023 Allowance for Credit Losses - Loans Provision for Credit Beginning Losses - Charge- Ending Dollars in thousands Balance Loans offs Recoveries Balance Commercial $ 4,941 $ (242 ) $ (21 ) $ 2 $ 4,680 Commercial real estate - owner occupied Professional & medical 966 (95 ) — — 871 Retail 1,176 (51 ) — — 1,125 Other 426 34 — — 460 Commercial real estate - non-owner occupied Hotels & motels 1,203 (65 ) — — 1,138 Mini-storage 82 8 — — 90 Multifamily 2,907 395 — 1 3,303 Retail 1,362 510 — 69 1,941 Other 2,452 (46 ) — 4 2,410 Construction and development Land & land development 3,482 486 — 2 3,970 Construction 11,138 621 — — 11,759 Residential 1-4 family real estate Personal residence 2,939 (468 ) (23 ) 71 2,519 Rental - small loan 1,907 (50 ) — 8 1,865 Rental - large loan 2,668 1,165 — — 3,833 Home equity 705 (310 ) — 13 408 Mortgage warehouse lines — — — — — Consumer 174 — (34 ) 38 178 Other Credit cards 17 10 (11 ) 1 17 Overdrafts 354 (27 ) (76 ) 18 269 Total $ 38,899 $ 1,875 $ (165 ) $ 227 $ 40,836 For the Twelve Months Ended December 31, 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 $ (570 ) $ — $ (62 ) $ 10 $ 4,319 Commercial real estate - owner occupied Professional & medical 966 216 28 (3 ) — 1,207 Retail 1,176 (716 ) 82 — 1 543 Other 426 (181 ) 384 (28 ) — 601 Commercial real estate - non-owner occupied Hotels & motels 1,203 1,921 — — — 3,124 Mini-storage 82 (3 ) — — — 79 Multifamily 2,907 288 1 (57 ) 5 3,144 Retail 1,362 4,601 99 (3,658 ) 114 2,518 Other 2,452 (349 ) 632 — 12 2,747 Construction and development Land & land development 3,482 2,085 1 — 8 5,576 Construction 11,138 3,145 — — — 14,283 Residential 1-4 family real estate Personal residence 2,939 57 69 (89 ) 341 3,317 Rental - small loan 1,907 (135 ) 68 — 31 1,871 Rental - large loan 2,668 (112 ) 1 — 289 2,846 Home equity 705 543 130 — 52 1,430 Mortgage warehouse lines — — — — — — Consumer 174 251 — (351 ) 131 205 Other Credit cards 17 93 — (93 ) 9 26 Overdrafts 354 321 — (503 ) 82 254 Total $ 38,899 $ 11,455 $ 1,495 $ (4,844 ) $ 1,085 $ 48,090 |
Financing Receivables, Accounting Methodology [Table Text Block] | March 31, 2024 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 $ 5,996 $ 527,218 $ 533,214 $ 2,614 $ 5,191 $ 7,805 Commercial real estate - owner occupied Professional & medical — 167,386 167,386 — 1,271 1,271 Retail 566 178,428 178,994 22 434 456 Other 1,250 221,777 223,027 167 995 1,162 Commercial real estate - non-owner occupied Hotels & motels 17,041 199,129 216,170 1,435 2,278 3,713 Mini-storage — 80,838 80,838 — 186 186 Multifamily — 309,190 309,190 — 3,115 3,115 Retail 3,680 243,429 247,109 97 2,550 2,647 Other 4,580 423,061 427,641 211 2,699 2,910 Construction and development Land & land development 676 104,749 105,425 428 3,157 3,585 Construction — 341,727 341,727 — 12,647 12,647 Residential 1-4 family real estate Personal residence — 362,942 362,942 — 3,031 3,031 Rental - small loan 1,237 143,420 144,657 187 1,688 1,875 Rental - large loan 628 122,504 123,132 — 2,887 2,887 Home equity — 80,027 80,027 — 1,368 1,368 Mortgage warehouse lines — 108,858 108,858 — — — Consumer — 43,107 43,107 — 202 202 Other Credit cards — 2,251 2,251 — 24 24 Overdrafts — 1,347 1,347 — 348 348 Total $ 35,654 $ 3,661,388 $ 3,697,042 $ 5,161 $ 44,071 $ 49,232 December 31, 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 $ 92 $ 503,750 $ 503,842 $ — $ 4,319 $ 4,319 Commercial real estate - owner occupied Professional & medical — 156,941 156,941 — 1,207 1,207 Retail 572 169,819 170,391 23 520 543 Other — 217,776 217,776 — 601 601 Commercial real estate - non-owner occupied Hotels & motels 17,083 198,559 215,642 1,456 1,668 3,124 Mini-storage — 68,517 68,517 — 79 79 Multifamily — 302,298 302,298 — 3,144 3,144 Retail 3,906 250,340 254,246 103 2,415 2,518 Other 7,823 405,811 413,634 214 2,533 2,747 Construction and development Land & land development 708 144,550 145,258 460 5,116 5,576 Construction — 374,026 374,026 — 14,283 14,283 Residential 1-4 family real estate Personal residence — 362,733 362,733 — 3,317 3,317 Rental - small loan 1,247 141,418 142,665 104 1,767 1,871 Rental - large loan 1,256 115,358 116,614 — 2,846 2,846 Home equity — 81,126 81,126 — 1,430 1,430 Mortgage warehouse lines — 108,848 108,848 — — — Consumer — 43,756 43,756 — 205 205 Other Credit cards — 2,286 2,286 — 26 26 Overdrafts — 1,013 1,013 — 254 254 Total $ 32,687 $ 3,648,925 $ 3,681,612 $ 2,360 $ 45,730 $ 48,090 |
Collateral Dependent Financing Receivables and Allowance for Credit Losses on Collateral Dependent Financing Receivables [Table Text Block] | March 31, 2024 Real Estate Allowance for Secured Non-Real Estate Credit Losses Dollars in thousands Loans Secured Loans Total Loans - Loans Commercial $ — $ 5,996 $ 5,996 $ 2,614 Commercial real estate - owner occupied Professional & medical — — — — Retail 566 — 566 22 Other 1,250 — 1,250 167 Commercial real estate - non-owner occupied Hotels & motels 17,041 — 17,041 1,435 Mini-storage — — — — Multifamily — — — — Retail 3,680 — 3,680 97 Other 4,580 — 4,580 211 Construction and development Land & land development 676 — 676 428 Construction — — — — Residential 1-4 family real estate Personal residence — — — — Rental - small loan 1,237 — 1,237 187 Rental - large loan 628 — 628 — Home equity — — — — Consumer — — — — Other Credit cards — — — — Overdrafts — — — — Total $ 29,658 $ 5,996 $ 35,654 $ 5,161 December 31, 2023 Real Estate Allowance for Secured Non-Real Estate Credit Losses Dollars in thousands Loans Secured Loans Total Loans - Loans Commercial $ — $ 92 $ 92 $ — Commercial real estate - owner occupied Professional & medical 572 — 572 — Retail — — — 23 Other — — — — Commercial real estate - non-owner occupied Hotels & motels 17,083 — 17,083 1,456 Mini-storage — — — — Multifamily — — — — Retail 3,906 — 3,906 103 Other 7,823 — 7,823 214 Construction and development Land & land development 708 — 708 460 Construction — — — — Residential 1-4 family real estate Personal residence — — — — Rental - small loan 1,247 — 1,247 104 Rental - large loan 1,256 — 1,256 — Home equity — — — — Consumer — — — — Other Credit cards — — — — Overdrafts — — — — Total $ 32,595 $ 92 $ 32,687 $ 2,360 |
Note 7 - Goodwill and Other I_2
Note 7 - Goodwill and Other Intangible Assets (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Other Intangible Assets Dollars in thousands March 31, 2024 December 31, 2023 Identifiable intangible assets Gross carrying amount $ 30,755 $ 30,755 Less: accumulated amortization 13,346 12,359 Net carrying amount $ 17,409 $ 18,396 |
Finite-Lived Intangible Assets Amortization Expense [Table Text Block] | Core Deposit Dollars in thousands Intangible Nine month period ending December 31, 2024 $ 2,682 Year ending December 31, 2025 3,258 Year ending December 31, 2026 2,846 Year ending December 31, 2027 2,433 Year ending December 31, 2028 2,021 Thereafter 4,099 |
Note 8 - Deposits (Tables)
Note 8 - Deposits (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | March 31, December 31, Dollars in thousands 2024 2023 Demand deposits, interest bearing $ 2,145,824 $ 2,164,522 Savings deposits 438,451 450,527 Time deposits 558,631 506,523 Total $ 3,142,906 $ 3,121,572 |
Time Deposit Maturities [Table Text Block] | Dollars in thousands Nine month period ending December 31, 2024 $ 419,100 Year ending December 31, 2025 93,387 Year ending December 31, 2026 23,027 Year ending December 31, 2027 9,938 Year ending December 31, 2028 7,520 Thereafter 5,659 Total $ 558,631 |
Note 9 - Borrowed Funds (Tables
Note 9 - Borrowed Funds (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Schedule of Short-Term Debt [Table Text Block] | Three Months Ended March 31, 2024 2023 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 March 31 $ 262,200 $ 159 $ 140,000 $ 150 Average balance outstanding for the period 298,167 158 166,215 150 Maximum balance outstanding at any month end during period 325,700 159 140,000 150 Weighted average interest rate for the period (1) 5.73 % 5.47 % 4.88 % 4.62 % Weighted average interest rate for balances outstanding at March 31 (1) 5.67 % 5.50 % 5.20 % 5.00 % (1) Excludes effect of any hedging activity Year Ended December 31, 2023 Dollars in thousands Short-term FHLB Advances Federal Funds Purchased and Short-term Repurchase Agreements Balance at December 31 $ 302,800 $ 157 Average balance outstanding for the period 229,850 8,502 Maximum balance outstanding at any month end during period 355,100 20,533 Weighted average interest rate for the period (1) 5.53 % 2.37 % Weighted average interest rate for balances outstanding at December 31 (1) 5.64 % 5.50 % (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, 2024 $ 17 $ — $ — 2025 24 — — 2026 589 — — 2027 — — — 2028 — — — Thereafter — 105,000 19,589 $ 630 $ 105,000 $ 19,589 |
Note 10 - Share-based Compens_2
Note 10 - Share-based Compensation (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
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 Three Months Ended March 31, 2024 Aggregate Remaining Weighted- Intrinsic Value Contractual Average Options/SARs (in thousands) Term (Yrs.) Exercise Price Outstanding, January 1 594,561 $ 22.81 Granted — — Exercised (500 ) 12.01 Forfeited — — Expired — — Outstanding, March 31 594,061 $ 2,580 5.92 $ 22.82 Exercisable, March 31 347,396 $ 1,909 4.37 $ 21.66 For the Three Months Ended March 31, 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 — — Expired — — Outstanding, March 31 648,596 $ 740 6.86 $ 22.74 Exercisable, March 31 288,517 $ 740 4.47 $ 20.78 |
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | RSUs Weighted Average Grant Date Fair Value Nonvested, December 31, 2023 2,399 $ 21.73 Granted — — Forfeited — — Vested — — Nonvested, March 31, 2024 2,399 $ 21.73 RSUs Weighted Average Grant Date Fair Value Nonvested, December 31, 2022 7,204 $ 20.49 Granted — — Forfeited — — Vested — — Nonvested, March 31, 2023 7,204 $ 20.49 |
Note 11 - Commitments and Con_2
Note 11 - Commitments and Contingencies (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block] | March 31, Dollars in thousands 2024 Commitments to extend credit: Revolving home equity and credit card lines $ 116,403 Construction loans 250,672 Other loans 485,637 Standby letters of credit 58,420 Total $ 911,132 |
Note 13 - Regulatory Matters (T
Note 13 - Regulatory Matters (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
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 March 31, 2024 CET1 (to risk weighted assets) Summit $ 381,890 9.4 % $ 285,018 7.0 % N/A N/A Summit Community 488,335 12.0 % 284,426 7.0 % 264,110 6.5 % Tier I Capital (to risk weighted assets) Summit 415,810 10.2 % 346,093 8.5 % N/A N/A Summit Community 488,335 12.0 % 345,375 8.5 % 325,059 8.0 % Total Capital (to risk weighted assets) Summit 570,628 14.0 % 427,527 10.5 % N/A N/A Summit Community 539,145 13.3 % 426,640 10.5 % 406,324 10.0 % Tier I Capital (to average assets) Summit 415,810 9.0 % 184,166 4.0 % N/A N/A Summit Community 488,335 10.6 % 183,982 4.0 % 229,977 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, 2023 CET1 (to risk weighted assets) Summit 369,935 9.1 % 285,338 7.0 % N/A N/A Summit Community 475,785 11.7 % 284,873 7.0 % 264,525 6.5 % Tier I Capital (to risk weighted assets) Summit 403,855 9.9 % 346,481 8.5 % N/A N/A Summit Community 475,785 11.7 % 345,917 8.5 % 325,569 8.0 % Total Capital (to risk weighted assets) Summit 556,590 13.7 % 428,006 10.5 % N/A N/A Summit Community 524,737 12.9 % 427,309 10.5 % 406,961 10.0 % Tier I Capital (to average assets) Summit 403,855 8.7 % 186,747 4.0 % N/A N/A Summit Community 475,785 10.2 % 186,057 4.0 % 232,571 5.0 % |
Note 14 - Derivative Financia_2
Note 14 - Derivative Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Schedule of Interest Rate Derivatives [Table Text Block] | March 31, 2024 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 $ 120,000 $ 1,248 $ — $ — Interest rate cap hedging: Short term borrowings $ 100,000 $ 18,596 $ — $ — Indexed interest bearing demand deposit accounts 100,000 6,725 — — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 15,994 $ 592 $ — $ — Available for sale taxable municipal securities 71,245 9,642 — (2 ) Total $ 407,239 $ 36,803 $ — $ (2 ) December 31, 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 $ 120,000 $ 1,059 $ 375 $ — Interest rate cap hedging: Short term borrowings $ 100,000 $ 17,578 $ — $ — Indexed interest bearing demand deposit accounts 100,000 6,736 — — FAIR VALUE HEDGES Pay-fixed/receive-variable interest rate swaps Commercial real estate loans $ 16,175 $ 583 $ — $ — Available for sale taxable municipal securities 71,245 7,564 — 1 Total $ 407,420 $ 33,520 $ 375 $ 1 |
Note 15 - Accumulated Other C_2
Note 15 - Accumulated Other Comprehensive (Loss) Income (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | For the Three Months Ended March 31, 2024 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 $ 19 $ 147 $ 15,820 $ (29,211 ) $ 5,740 $ (7,485 ) Other comprehensive (loss) income before reclassification — — 1,350 (2,766 ) 1,581 165 Amounts reclassified from accumulated other comprehensive loss, net of tax — — — 71 — 71 Net current period other comprehensive (loss) income — — 1,350 (2,695 ) 1,581 236 Ending balance $ 19 $ 147 $ 17,170 $ (31,906 ) $ 7,321 $ (7,249 ) For the Three Months Ended March 31, 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 $ 20,867 $ (37,901 ) $ 5,406 $ (11,479 ) Other comprehensive income (loss) before reclassification — — (3,136 ) 7,493 (948 ) 3,409 Amounts reclassified from accumulated other comprehensive loss, net of tax — — — 45 — 45 Net current period other comprehensive income (loss) — — (3,136 ) 7,538 (948 ) 3,454 Ending balance $ (23 ) $ 172 $ 17,731 $ (30,363 ) $ 4,458 $ (8,025 ) |
Note 16 - Income Taxes (Tables)
Note 16 - Income Taxes (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | For the Three Months Ended March 31, 2024 2023 Percent Percent Applicable statutory rate 21.0 % 21.0 % Increase (decrease) in rate resulting from: Tax-exempt interest and dividends, net (1.1 )% (1.8 )% State income taxes, net of Federal income tax benefit 2.1 % 1.8 % Low-income housing and rehabilitation tax credits (0.4 )% (0.3 )% Other, net 1.1 % (0.5 )% Effective income tax rate 22.7 % 20.2 % |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | For the Three Months Ended March 31, Dollars in thousands 2024 2023 Current Federal $ 4,134 $ 3,537 State 540 451 4,674 3,988 Deferred Federal 282 (364 ) State 40 (49 ) 322 (413 ) Total $ 4,996 $ 3,575 |
Note 17 - Revenue From Contra_2
Note 17 - Revenue From Contracts With Customers (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Three Months Ended March 31, Dollars in thousands 2024 2023 Service fees on deposit accounts $ 1,723 $ 1,392 Bank card revenue 1,833 1,568 Trust and wealth management fees 847 811 Other 97 122 Net revenue from contracts with customers 4,500 3,893 Non-interest income within the scope of other ASC topics 578 493 Total noninterest income $ 5,078 $ 4,386 |
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 | Mar. 31, 2024 | Dec. 31, 2023 | |
Debt securities available for sale (at fair value) | $ 490,271 | $ 502,762 | [1] |
Equity investments (at fair value) | 11,571 | 10,958 | [1] |
Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 490,271 | 502,762 | |
Equity investments (at fair value) | 11,571 | 10,958 | |
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) | 7,107 | 6,557 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 485,804 | 498,155 | |
Equity investments (at fair value) | 4,464 | 4,401 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 4,467 | 4,607 | |
Equity investments (at fair value) | 0 | 0 | |
US Government Corporations and Agencies Securities [Member] | |||
Debt securities available for sale (at fair value) | 21,503 | 22,825 | |
US Government Corporations and Agencies Securities [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 21,503 | 22,825 | |
US Government Corporations and Agencies Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
US Government Corporations and Agencies Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Debt securities available for sale (at fair value) | 21,503 | 22,825 | |
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) | 123,119 | 129,567 | |
Government Sponsored Agencies [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 123,119 | 129,567 | |
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) | 123,119 | 129,567 | |
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) | 73,856 | 73,869 | |
Nongovernment Sponsored Agencies [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 73,856 | 73,869 | |
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) | 69,389 | 69,262 | |
Nongovernment Sponsored Agencies [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 4,467 | 4,607 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 95,992 | 94,929 | |
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) | 95,992 | 94,929 | |
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) | 36,589 | 37,907 | |
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 36,589 | 37,907 | |
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) | 36,589 | 37,907 | |
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Debt securities available for sale (at fair value) | 0 | 0 | |
Asset-Backed Securities [Member] | |||
Debt securities available for sale (at fair value) | 41,350 | 44,205 | |
Asset-Backed Securities [Member] | Fair Value, Recurring [Member] | |||
Debt securities available for sale (at fair value) | 41,350 | 44,205 | |
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) | 41,350 | 44,205 | |
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) | 97,862 | 99,460 | |
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) | 97,862 | 99,460 | |
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 | 25,321 | 24,314 | |
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 | 25,321 | 24,314 | |
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 | 11,482 | 8,831 | |
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 | 11,482 | 8,831 | |
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 | Mar. 31, 2024 | Dec. 31, 2023 |
Collateral-dependent loans with an ACLL | $ 20,552 | $ 14,373 |
Property held for sale | 3,176 | 3,473 |
Fair Value, Inputs, Level 1 [Member] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Collateral-dependent loans with an ACLL | 20,552 | 14,373 |
Property held for sale | 3,176 | 3,473 |
Fair Value, Inputs, Level 3 [Member] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 0 |
Commercial Loan [Member] | ||
Collateral-dependent loans with an ACLL | 3,299 | |
Commercial Loan [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Collateral-dependent loans with an ACLL | 0 | |
Commercial Loan [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Collateral-dependent loans with an ACLL | 3,299 | |
Commercial Loan [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Collateral-dependent loans with an ACLL | 0 | |
Commercial Real Estate Portfolio Segment [Member] | ||
Collateral-dependent loans with an ACLL | 16,653 | 13,488 |
Property held for sale | 0 | 297 |
Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Collateral-dependent loans with an ACLL | 16,653 | 13,488 |
Property held for sale | 0 | 297 |
Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 0 |
Construction and Development Financial Receivable [Member] | ||
Collateral-dependent loans with an ACLL | 248 | 248 |
Property held for sale | 3,176 | 3,176 |
Construction and Development Financial Receivable [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 0 |
Construction and Development Financial Receivable [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Collateral-dependent loans with an ACLL | 248 | 248 |
Property held for sale | 3,176 | 3,176 |
Construction and Development Financial Receivable [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Property held for sale | 0 | 0 |
Residential Real Estate Financial Receivable [Member] | ||
Collateral-dependent loans with an ACLL | 352 | 637 |
Residential Real Estate Financial Receivable [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Collateral-dependent loans with an ACLL | 0 | 0 |
Residential Real Estate Financial Receivable [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Collateral-dependent loans with an ACLL | 352 | 637 |
Residential Real Estate Financial Receivable [Member] | Fair Value, Inputs, Level 3 [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 | Mar. 31, 2024 | Dec. 31, 2023 | |
Debt securities available for sale (at fair value) | $ 490,271 | $ 502,762 | [1] |
Tax-exempt state and political subdivisions | 93,737 | 94,227 | [1] |
Equity investments (at fair value) | 11,571 | 10,958 | [1] |
Cash surrender value of life insurance policies and annuities | 86,230 | 85,679 | [1] |
Derivative financial instruments | 36,803 | 33,145 | [1] |
Reported Value Measurement [Member] | |||
Cash and cash equivalents | 55,656 | 52,232 | |
Debt securities available for sale (at fair value) | 490,271 | 502,762 | |
Tax-exempt state and political subdivisions | 93,737 | 94,227 | |
Equity investments (at fair value) | 11,571 | 10,958 | |
Other investments | 21,842 | 21,130 | |
Loans, net | 3,647,810 | 3,633,522 | |
Accrued interest receivable | 20,238 | 20,004 | |
Cash surrender value of life insurance policies and annuities | 86,230 | 85,679 | |
Derivative financial instruments | 36,803 | 33,145 | |
Assets, Fair Value Disclosure | 4,464,158 | 4,453,659 | |
Deposits | 3,748,415 | 3,715,148 | |
Short-term borrowings | 262,359 | 302,957 | |
Long-term borrowings | 630 | 637 | |
Subordinated debentures | 103,904 | 103,782 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | |
Accrued interest payable | 4,646 | 3,980 | |
Financial Liabilities Fair Value Disclosure | 4,139,543 | 4,146,093 | |
Estimate of Fair Value Measurement [Member] | |||
Cash and cash equivalents | 55,656 | 52,232 | |
Debt securities available for sale (at fair value) | 490,271 | 502,762 | |
Tax-exempt state and political subdivisions | 87,029 | 88,319 | |
Equity investments (at fair value) | 11,571 | 10,958 | |
Other investments | 21,842 | 21,130 | |
Loans, net | 3,483,889 | 3,467,324 | |
Accrued interest receivable | 20,238 | 20,004 | |
Cash surrender value of life insurance policies and annuities | 86,230 | 85,679 | |
Derivative financial instruments | 36,803 | 33,145 | |
Assets, Fair Value Disclosure | 4,293,529 | 4,281,553 | |
Deposits | 3,740,170 | 3,706,250 | |
Short-term borrowings | 262,359 | 302,957 | |
Long-term borrowings | 632 | 642 | |
Subordinated debentures | 91,605 | 90,902 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | |
Accrued interest payable | 4,646 | 3,980 | |
Financial Liabilities Fair Value Disclosure | 4,119,001 | 4,124,320 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Cash and cash equivalents | 23,706 | 21,834 | |
Debt securities available for sale (at fair value) | 0 | 0 | |
Tax-exempt state and political subdivisions | 0 | 0 | |
Equity investments (at fair value) | 7,107 | 6,557 | |
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 | 30,813 | 28,391 | |
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 | 31,950 | 30,398 | |
Debt securities available for sale (at fair value) | 485,804 | 498,155 | |
Tax-exempt state and political subdivisions | 87,029 | 88,319 | |
Equity investments (at fair value) | 4,464 | 4,401 | |
Other investments | 21,842 | 21,130 | |
Loans, net | 20,552 | 14,373 | |
Accrued interest receivable | 20,238 | 20,004 | |
Cash surrender value of life insurance policies and annuities | 86,230 | 85,679 | |
Derivative financial instruments | 36,803 | 33,145 | |
Assets, Fair Value Disclosure | 794,912 | 795,604 | |
Deposits | 3,740,170 | 3,706,250 | |
Short-term borrowings | 262,359 | 302,957 | |
Long-term borrowings | 632 | 642 | |
Subordinated debentures | 91,605 | 90,902 | |
Subordinated debentures owed to unconsolidated subsidiary trusts | 19,589 | 19,589 | |
Accrued interest payable | 4,646 | 3,980 | |
Financial Liabilities Fair Value Disclosure | 4,119,001 | 4,124,320 | |
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) | 4,467 | 4,607 | |
Tax-exempt state and political subdivisions | 0 | 0 | |
Equity investments (at fair value) | 0 | 0 | |
Other investments | 0 | 0 | |
Loans, net | 3,463,337 | 3,452,951 | |
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 | 3,467,804 | 3,457,558 | |
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 | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Stock Appreciation Rights (SARs) [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 215,388 | 563,936 |
Restricted Stock Units (RSUs) [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 707 |
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 | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Net income | $ 17,047 | $ 14,101 |
Less preferred stock dividends | (225) | (225) |
Basic earnings per share | $ 16,822 | $ 13,876 |
Basic earnings per share (in shares) | 14,683,596 | 12,783,851 |
Basic earnings per common share (in dollars per share) | $ 1.15 | $ 1.09 |
Diluted earnings per share | $ 16,822 | $ 13,876 |
Diluted earnings per share (in shares) | 14,750,052 | 12,830,102 |
Diluted earnings per common share (in dollars per share) | $ 1.14 | $ 1.08 |
Stock Appreciation Rights [Member] | ||
Incremental Common Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements (in shares) | 65,017 | 43,287 |
Restricted Stock Units [Member] | ||
Incremental Common Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements (in shares) | 1,439 | 2,964 |
Note 5 - Debt Securities (Detai
Note 5 - Debt Securities (Details Textual) | 3 Months Ended | |||
Mar. 31, 2024 USD ($) | Mar. 31, 2023 USD ($) | Dec. 31, 2023 USD ($) | ||
Accrued Interest Receivable Debt Securities Available for Sale | $ 2,900,000 | $ 3,100,000 | ||
Debt Securities, Available-for-Sale, Total | 490,271,000 | 502,762,000 | [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 | 93,737,000 | 94,227,000 | [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, Total | $ 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 | Mar. 31, 2024 | Dec. 31, 2023 | |
Debt securities, available for sale, amortized cost | $ 532,250 | $ 541,196 | |
Available for sale securities, unrealized gains | 591 | 1,534 | |
Available for sale securities, unrealized losses | 42,570 | 39,968 | |
Debt securities available for sale (at fair value) | 490,271 | 502,762 | [1] |
US Government Corporations and Agencies Securities [Member] | |||
Debt securities, available for sale, amortized cost | 22,116 | 23,295 | |
Available for sale securities, unrealized gains | 33 | 38 | |
Available for sale securities, unrealized losses | 646 | 508 | |
Debt securities available for sale (at fair value) | 21,503 | 22,825 | |
Government Sponsored Agencies [Member] | |||
Debt securities, available for sale, amortized cost | 129,634 | 133,709 | |
Available for sale securities, unrealized gains | 133 | 729 | |
Available for sale securities, unrealized losses | 6,648 | 4,871 | |
Debt securities available for sale (at fair value) | 123,119 | 129,567 | |
Nongovernment Sponsored Agencies [Member] | |||
Debt securities, available for sale, amortized cost | 78,023 | 78,350 | |
Available for sale securities, unrealized gains | 137 | 22 | |
Available for sale securities, unrealized losses | 4,304 | 4,503 | |
Debt securities available for sale (at fair value) | 73,856 | 73,869 | |
Taxable State and Political Subdivisions General Obligations [Member] | |||
Debt securities, available for sale, amortized cost | 80,334 | 79,323 | |
Available for sale securities, unrealized gains | 12 | 3 | |
Available for sale securities, unrealized losses | 14,978 | 14,995 | |
Debt securities available for sale (at fair value) | 65,368 | 64,331 | |
Taxable State and Political Subdivisions Various Tax Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 10,657 | 10,665 | |
Available for sale securities, unrealized gains | 0 | 0 | |
Available for sale securities, unrealized losses | 2,052 | 2,107 | |
Debt securities available for sale (at fair value) | 8,605 | 8,558 | |
Taxable State and Political Subdivisions Other Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 26,816 | 26,822 | |
Available for sale securities, unrealized gains | 0 | 0 | |
Available for sale securities, unrealized losses | 4,797 | 4,782 | |
Debt securities available for sale (at fair value) | 22,019 | 22,040 | |
Corporate Debt Securities [Member] | |||
Debt securities, available for sale, amortized cost | 38,201 | 39,618 | |
Available for sale securities, unrealized gains | 39 | 52 | |
Available for sale securities, unrealized losses | 1,651 | 1,763 | |
Debt securities available for sale (at fair value) | 36,589 | 37,907 | |
Asset-Backed Securities [Member] | |||
Debt securities, available for sale, amortized cost | 41,287 | 44,388 | |
Available for sale securities, unrealized gains | 133 | 81 | |
Available for sale securities, unrealized losses | 70 | 264 | |
Debt securities available for sale (at fair value) | 41,350 | 44,205 | |
Taxable Debt Securities [Member] | |||
Debt securities, available for sale, amortized cost | 427,068 | 436,170 | |
Available for sale securities, unrealized gains | 487 | 925 | |
Available for sale securities, unrealized losses | 35,146 | 33,793 | |
Debt securities available for sale (at fair value) | 392,409 | 403,302 | |
Tax Exempt State and Political Subdivisions General Obligations [Member] | |||
Debt securities, available for sale, amortized cost | 80,408 | 80,144 | |
Available for sale securities, unrealized gains | 100 | 581 | |
Available for sale securities, unrealized losses | 4,699 | 3,716 | |
Debt securities available for sale (at fair value) | 75,809 | 77,009 | |
Tax Exempt State and Political Subdivisions Other Revenues [Member] | |||
Debt securities, available for sale, amortized cost | 24,774 | 24,882 | |
Available for sale securities, unrealized gains | 4 | 28 | |
Available for sale securities, unrealized losses | 2,725 | 2,459 | |
Debt securities available for sale (at fair value) | 22,053 | 22,451 | |
Tax Exempt Debt Securities [Member] | |||
Debt securities, available for sale, amortized cost | 105,182 | 105,026 | |
Available for sale securities, unrealized gains | 104 | 609 | |
Available for sale securities, unrealized losses | 7,424 | 6,175 | |
Debt securities available for sale (at fair value) | $ 97,862 | $ 99,460 | |
[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 | Mar. 31, 2024 | Dec. 31, 2023 | |
Debt securities, available for sale, amortized cost | $ 532,250 | $ 541,196 | |
Available for sale securities, unrealized gains | 591 | 1,534 | |
Available for sale securities, unrealized losses | 42,570 | 39,968 | |
Debt securities available for sale (at fair value) | 490,271 | $ 502,762 | [1] |
CALIFORNIA | |||
Debt securities, available for sale, amortized cost | 43,888 | ||
Available for sale securities, unrealized gains | 0 | ||
Available for sale securities, unrealized losses | 8,389 | ||
Debt securities available for sale (at fair value) | 35,499 | ||
TEXAS | |||
Debt securities, available for sale, amortized cost | 27,926 | ||
Available for sale securities, unrealized gains | 28 | ||
Available for sale securities, unrealized losses | 3,733 | ||
Debt securities available for sale (at fair value) | 24,221 | ||
OREGON | |||
Debt securities, available for sale, amortized cost | 16,283 | ||
Available for sale securities, unrealized gains | 0 | ||
Available for sale securities, unrealized losses | 2,938 | ||
Debt securities available for sale (at fair value) | 13,345 | ||
MICHIGAN | |||
Debt securities, available for sale, amortized cost | 14,502 | ||
Available for sale securities, unrealized gains | 0 | ||
Available for sale securities, unrealized losses | 1,616 | ||
Debt securities available for sale (at fair value) | 12,886 | ||
PENNSYLVANIA | |||
Debt securities, available for sale, amortized cost | 10,662 | ||
Available for sale securities, unrealized gains | 7 | ||
Available for sale securities, unrealized losses | 1,273 | ||
Debt securities available for sale (at fair value) | $ 9,396 | ||
[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 | Mar. 31, 2024 | Dec. 31, 2023 | |
Due in one year or less, amortized cost | $ 61,182 | ||
Due in one year or less, estimated fair value | 59,324 | ||
Due from one to five years, amortized cost | 155,429 | ||
Due from one to five years, estimated fair value | 149,212 | ||
Due from five to ten years, amortized cost | 113,695 | ||
Due from five to ten years, estimated fair value | 104,397 | ||
Due after ten years, amortized cost | 201,944 | ||
Due after ten years, estimated fair value | 177,338 | ||
Total amortized cost | 532,250 | $ 541,196 | |
Total estimated fair value | $ 490,271 | $ 502,762 | [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 | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Proceeds from sales of debt securities available for sale | $ 14,874 | $ 36,940 |
Proceeds from maturities and calls of debt securities available for sale | 1,500 | 1,145 |
Principal payments received on debt securities available for sale | 10,721 | 8,048 |
Debt securities, available for sale, realized gain | 55 | 446 |
Debt securities, available for sale, realized loss | $ 149 | $ 505 |
Note 5 - Debt Securities - Sc_2
Note 5 - Debt Securities - Schedule of Unrealized Loss on Investments (Details) $ in Thousands | Mar. 31, 2024 USD ($) | Dec. 31, 2023 USD ($) |
Number of Securities in Loss Positions | 395 | 385 |
Estimated Fair Value, Less than 12 Months | $ 82,129 | $ 148,825 |
Unrealized Loss, Less than 12 Months | 2,284 | 3,912 |
Estimated Fair Value, 12 Months or More | 333,747 | 264,467 |
Unrealized Loss, 12 Months or More | 40,286 | 36,056 |
Estimated Fair Value, Total | 415,876 | 413,292 |
Unrealized Loss, Total | $ 42,570 | $ 39,968 |
US Government Corporations and Agencies Securities [Member] | ||
Number of Securities in Loss Positions | 38 | 39 |
Estimated Fair Value, Less than 12 Months | $ 1,929 | $ 11,809 |
Unrealized Loss, Less than 12 Months | 4 | 287 |
Estimated Fair Value, 12 Months or More | 18,013 | 9,329 |
Unrealized Loss, 12 Months or More | 642 | 221 |
Estimated Fair Value, Total | 19,942 | 21,138 |
Unrealized Loss, Total | $ 646 | $ 508 |
Government Sponsored Agencies [Member] | ||
Number of Securities in Loss Positions | 140 | 133 |
Estimated Fair Value, Less than 12 Months | $ 35,647 | $ 68,815 |
Unrealized Loss, Less than 12 Months | 1,060 | 1,528 |
Estimated Fair Value, 12 Months or More | 75,938 | 32,902 |
Unrealized Loss, 12 Months or More | 5,588 | 3,343 |
Estimated Fair Value, Total | 111,585 | 101,717 |
Unrealized Loss, Total | $ 6,648 | $ 4,871 |
Nongovernment Sponsored Agencies [Member] | ||
Number of Securities in Loss Positions | 34 | 35 |
Estimated Fair Value, Less than 12 Months | $ 5,955 | $ 27,804 |
Unrealized Loss, Less than 12 Months | 736 | 1,493 |
Estimated Fair Value, 12 Months or More | 58,633 | 40,274 |
Unrealized Loss, 12 Months or More | 3,568 | 3,010 |
Estimated Fair Value, Total | 64,588 | 68,078 |
Unrealized Loss, Total | $ 4,304 | $ 4,503 |
Taxable State and Political Subdivisions General Obligations [Member] | ||
Number of Securities in Loss Positions | 54 | 54 |
Estimated Fair Value, Less than 12 Months | $ 0 | $ 0 |
Unrealized Loss, Less than 12 Months | 0 | 0 |
Estimated Fair Value, 12 Months or More | 63,352 | 63,336 |
Unrealized Loss, 12 Months or More | 14,978 | 14,995 |
Estimated Fair Value, Total | 63,352 | 63,336 |
Unrealized Loss, Total | $ 14,978 | $ 14,995 |
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 | $ 0 |
Unrealized Loss, Less than 12 Months | 0 | 0 |
Estimated Fair Value, 12 Months or More | 8,605 | 8,558 |
Unrealized Loss, 12 Months or More | 2,052 | 2,107 |
Estimated Fair Value, Total | 8,605 | 8,558 |
Unrealized Loss, Total | $ 2,052 | $ 2,107 |
Taxable State and Political Subdivisions Other Revenues [Member] | ||
Number of Securities in Loss Positions | 21 | 21 |
Estimated Fair Value, Less than 12 Months | $ 0 | $ 1,530 |
Unrealized Loss, Less than 12 Months | 0 | 56 |
Estimated Fair Value, 12 Months or More | 22,020 | 18,854 |
Unrealized Loss, 12 Months or More | 4,797 | 4,726 |
Estimated Fair Value, Total | 22,020 | 20,384 |
Unrealized Loss, Total | $ 4,797 | $ 4,782 |
Corporate Debt Securities [Member] | ||
Number of Securities in Loss Positions | 19 | 21 |
Estimated Fair Value, Less than 12 Months | $ 4,626 | $ 6,758 |
Unrealized Loss, Less than 12 Months | 44 | 341 |
Estimated Fair Value, 12 Months or More | 19,089 | 18,310 |
Unrealized Loss, 12 Months or More | 1,607 | 1,422 |
Estimated Fair Value, Total | 23,715 | 25,068 |
Unrealized Loss, Total | $ 1,651 | $ 1,763 |
Asset-Backed Securities [Member] | ||
Number of Securities in Loss Positions | 9 | 17 |
Estimated Fair Value, Less than 12 Months | $ 4,397 | $ 23,823 |
Unrealized Loss, Less than 12 Months | 9 | 110 |
Estimated Fair Value, 12 Months or More | 7,219 | 9,961 |
Unrealized Loss, 12 Months or More | 61 | 154 |
Estimated Fair Value, Total | 11,616 | 33,784 |
Unrealized Loss, Total | $ 70 | $ 264 |
Tax Exempt State and Political Subdivisions General Obligations [Member] | ||
Number of Securities in Loss Positions | 52 | 39 |
Estimated Fair Value, Less than 12 Months | $ 28,338 | $ 7,479 |
Unrealized Loss, Less than 12 Months | 419 | 69 |
Estimated Fair Value, 12 Months or More | 41,116 | 43,626 |
Unrealized Loss, 12 Months or More | 4,280 | 3,647 |
Estimated Fair Value, Total | 69,454 | 51,105 |
Unrealized Loss, Total | $ 4,699 | $ 3,716 |
Tax Exempt State and Political Subdivisions Other Revenues [Member] | ||
Number of Securities in Loss Positions | 21 | 19 |
Estimated Fair Value, Less than 12 Months | $ 1,237 | $ 807 |
Unrealized Loss, Less than 12 Months | 12 | 28 |
Estimated Fair Value, 12 Months or More | 19,762 | 19,317 |
Unrealized Loss, 12 Months or More | 2,713 | 2,431 |
Estimated Fair Value, Total | 20,999 | 20,124 |
Unrealized Loss, Total | $ 2,725 | $ 2,459 |
Note 5 - Debt Securities - Held
Note 5 - Debt Securities - Held to Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | |
Tax-exempt state and political subdivisions | $ 93,737 | $ 94,227 | [1] |
Unrealized Gains | 0 | 0 | |
Unrealized Losses | 6,708 | 5,908 | |
Debt Securities, Held-to-maturity, Fair Value | 87,029 | 88,319 | [1] |
Tax Exempt State and Political Subdivisions General Obligations [Member] | |||
Tax-exempt state and political subdivisions | 68,603 | 68,966 | |
Unrealized Gains | 0 | 0 | |
Unrealized Losses | 4,567 | 4,029 | |
Debt Securities, Held-to-maturity, Fair Value | 64,036 | 64,937 | |
Tax Exempt State and Political Subdivisions Water And Sewer Revenues [Member] | |||
Tax-exempt state and political subdivisions | 7,768 | 7,816 | |
Unrealized Gains | 0 | 0 | |
Unrealized Losses | 461 | 417 | |
Debt Securities, Held-to-maturity, Fair Value | 7,307 | 7,399 | |
Tax Exempt State and Political Subdivisions Lease Revenues [Member] | |||
Tax-exempt state and political subdivisions | 4,130 | 4,151 | |
Unrealized Gains | 0 | 0 | |
Unrealized Losses | 354 | 321 | |
Debt Securities, Held-to-maturity, Fair Value | 3,776 | 3,830 | |
Tax Exempt State and Political Subdivisions Sales Tax Revenues [Member] | |||
Tax-exempt state and political subdivisions | 4,428 | 4,446 | |
Unrealized Gains | 0 | 0 | |
Unrealized Losses | 450 | 409 | |
Debt Securities, Held-to-maturity, Fair Value | 3,978 | 4,037 | |
Tax Exempt State and Political Subdivisions Various Tax Revenues [Member] | |||
Tax-exempt state and political subdivisions | 5,403 | 5,425 | |
Unrealized Gains | 0 | 0 | |
Unrealized Losses | 649 | 536 | |
Debt Securities, Held-to-maturity, Fair Value | 4,754 | 4,889 | |
Tax Exempt State and Political Subdivisions Other Revenues [Member] | |||
Tax-exempt state and political subdivisions | 3,405 | 3,423 | |
Unrealized Gains | 0 | 0 | |
Unrealized Losses | 227 | 196 | |
Debt Securities, Held-to-maturity, Fair Value | $ 3,178 | $ 3,227 | |
[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 | Mar. 31, 2024 | Dec. 31, 2023 | |
Tax-exempt state and political subdivisions | $ 93,737 | $ 94,227 | [1] |
Unrealized Gains | 0 | 0 | |
Unrealized Losses | 6,708 | 5,908 | |
Debt Securities, Held-to-maturity, Fair Value | 87,029 | $ 88,319 | [1] |
TEXAS | |||
Tax-exempt state and political subdivisions | 14,718 | ||
Unrealized Gains | 0 | ||
Unrealized Losses | 955 | ||
Debt Securities, Held-to-maturity, Fair Value | 13,763 | ||
CALIFORNIA | |||
Tax-exempt state and political subdivisions | 9,396 | ||
Unrealized Gains | 0 | ||
Unrealized Losses | 521 | ||
Debt Securities, Held-to-maturity, Fair Value | 8,875 | ||
PENNSYLVANIA | |||
Tax-exempt state and political subdivisions | 8,282 | ||
Unrealized Gains | 0 | ||
Unrealized Losses | 493 | ||
Debt Securities, Held-to-maturity, Fair Value | 7,789 | ||
FLORIDA | |||
Tax-exempt state and political subdivisions | 7,297 | ||
Unrealized Gains | 0 | ||
Unrealized Losses | 710 | ||
Debt Securities, Held-to-maturity, Fair Value | 6,587 | ||
MICHIGAN | |||
Tax-exempt state and political subdivisions | 6,739 | ||
Unrealized Gains | 0 | ||
Unrealized Losses | 561 | ||
Debt Securities, Held-to-maturity, Fair Value | $ 6,178 | ||
[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 | Mar. 31, 2024 | Dec. 31, 2023 | |
Tax-exempt state and political subdivisions | $ 93,737 | $ 94,227 | [1] |
Standard & Poor's, AAA Rating [Member] | |||
Tax-exempt state and political subdivisions | 14,791 | 14,866 | |
Standard & Poor's, AA Rating [Member] | |||
Tax-exempt state and political subdivisions | 71,697 | 72,086 | |
Standard & Poor's, A Rating [Member] | |||
Tax-exempt state and political subdivisions | 7,249 | 7,275 | |
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 | Mar. 31, 2024 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 | 4,003 |
Debt securities, held to maturity, fair value, maturity, allocated and single maturity date, after year 5 through 10 | 3,809 |
Debt securities, held to maturity, amortized cost, maturity, allocated and single maturity date, after year 10 | 89,734 |
Debt securities, held to maturity, fair value, maturity, allocated and single maturity date, after year 10 | 83,220 |
Debt securities, held to maturity, amortized cost, maturity, allocated and single maturity date, amortized cost | 93,737 |
Debt securities, held to maturity, fair value, maturity, allocated and single maturity date, fair value | $ 87,029 |
Note 6 - Loans and Allowance _3
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) (Details Textual) | 3 Months Ended | ||
Mar. 31, 2024 USD ($) | Mar. 31, 2023 USD ($) | Dec. 31, 2023 USD ($) | |
Accrued Interest and Fees Receivable on Loans | $ 14,600,000 | $ 14,100,000 | |
Financing Receivable, Modified, Number of Contracts | 2 | 3 | |
Financing Receivable, Modified, Accumulated | $ 188,000 | $ 456,000 | |
Financing Receivable, Modified, Commitment to Lend | 0 | $ 0 | |
Loan Review Aggregate Exposure Amount on Nonhomogeneous Commercial Loan Relationships | 5,000,000 | ||
Loans Collectively Evaluated Fully Guaranteed or Cash Secured Loans | 9,800,000 | 9,200,000 | |
Financing Receivable, Collectively Evaluated for Impairment, Allowance for Credit Loss, Fully Guaranteed or Cash Secured Loans | $ 0 | $ 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Modified, Number of Contracts | 1 | ||
Financing Receivable, Modified, Accumulated | $ 19,000 |
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 | Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | |
Loans and Leases Receivable, Net of Deferred Income | $ 3,697,042 | $ 3,681,612 | [1] | ||
Less allowance for credit losses - loans | 49,232 | 48,090 | [1] | $ 40,836 | $ 38,899 |
Loans, net | 3,647,810 | 3,633,522 | [1] | ||
Commercial Loan [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 533,214 | 503,842 | |||
Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 167,386 | 156,941 | |||
Less allowance for credit losses - loans | 1,271 | 1,207 | 871 | 966 | |
Commercial Real Estate Owner Occupied, Retail [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 178,994 | 170,391 | |||
Less allowance for credit losses - loans | 456 | 543 | 1,125 | 1,176 | |
Commercial Real Estate Owner Occupied, Other [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 223,027 | 217,776 | |||
Less allowance for credit losses - loans | 1,162 | 601 | 460 | 426 | |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 216,170 | 215,642 | |||
Less allowance for credit losses - loans | 3,713 | 3,124 | |||
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 80,838 | 68,517 | |||
Less allowance for credit losses - loans | 186 | 79 | 90 | 82 | |
Multifamily [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 309,190 | 302,298 | |||
Less allowance for credit losses - loans | 3,115 | 3,144 | 3,303 | 2,907 | |
Commercial Real Estate Nonowner Occupied, Retail [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 247,109 | 254,246 | |||
Less allowance for credit losses - loans | 2,647 | 2,518 | 1,941 | 1,362 | |
Commercial Real Estate Nonowner Occupied, Other [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 427,641 | 413,634 | |||
Less allowance for credit losses - loans | 2,910 | 2,747 | 2,410 | 2,452 | |
Land and Land Improvements [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 105,425 | 145,258 | |||
Less allowance for credit losses - loans | 3,585 | 5,576 | 3,970 | 3,482 | |
Construction Loans [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 341,727 | 374,026 | |||
Less allowance for credit losses - loans | 12,647 | 14,283 | 11,759 | 11,138 | |
Residential 1-4 Family Real Estate, Personal Residence [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 362,942 | 362,733 | |||
Less allowance for credit losses - loans | 3,031 | 3,317 | 2,519 | 2,939 | |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 144,657 | 142,665 | |||
Less allowance for credit losses - loans | 1,875 | 1,871 | 1,865 | 1,907 | |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 123,132 | 116,614 | |||
Less allowance for credit losses - loans | 2,887 | 2,846 | 3,833 | 2,668 | |
Home Equity Loan [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 80,027 | 81,126 | |||
Less allowance for credit losses - loans | 1,368 | 1,430 | |||
Mortgage Warehouse Lines [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 108,858 | 108,848 | |||
Less allowance for credit losses - loans | 0 | 0 | 0 | 0 | |
Consumer Portfolio Segment [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 43,107 | 43,756 | |||
Less allowance for credit losses - loans | 202 | 205 | 178 | 174 | |
Credit Card Receivable [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 2,251 | 2,286 | |||
Less allowance for credit losses - loans | 24 | 26 | 17 | 17 | |
Bank Overdrafts [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income | 1,347 | 1,013 | |||
Less allowance for credit losses - loans | $ 348 | $ 254 | $ 269 | $ 354 | |
[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 | Mar. 31, 2024 | Dec. 31, 2023 | |
Loans and Leases Receivable, Net of Deferred Income | $ 3,697,042 | $ 3,681,612 | [1] |
Accruing | 506 | 335 | |
Commercial Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 533,214 | 503,842 | |
Accruing | 290 | 0 | |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 167,386 | 156,941 | |
Accruing | 0 | 0 | |
Commercial Real Estate Owner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 178,994 | 170,391 | |
Accruing | 0 | 0 | |
Commercial Real Estate Owner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 223,027 | 217,776 | |
Accruing | 0 | 0 | |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 216,170 | 215,642 | |
Accruing | 0 | 0 | |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 80,838 | 68,517 | |
Accruing | 0 | 0 | |
Multifamily [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 309,190 | 302,298 | |
Accruing | 0 | 0 | |
Commercial Real Estate Nonowner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 247,109 | 254,246 | |
Accruing | 0 | 0 | |
Commercial Real Estate Nonowner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 427,641 | 413,634 | |
Accruing | 0 | 0 | |
Land and Land Improvements [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 105,425 | 145,258 | |
Accruing | 0 | 0 | |
Construction Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 341,727 | 374,026 | |
Accruing | 0 | 0 | |
Residential 1-4 Family Real Estate, Personal Residence [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 362,942 | 362,733 | |
Accruing | 114 | 0 | |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 144,657 | 142,665 | |
Accruing | 77 | 0 | |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 123,132 | 116,614 | |
Accruing | 0 | 0 | |
Home Equity Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 80,027 | 81,126 | |
Accruing | 0 | 307 | |
Mortgage Warehouse Lines [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 108,858 | 108,848 | |
Accruing | 0 | 0 | |
Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 43,107 | 43,756 | |
Accruing | 12 | 5 | |
Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 2,251 | 2,286 | |
Accruing | 13 | 23 | |
Bank Overdrafts [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,347 | 1,013 | |
Accruing | 0 | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 12,457 | 9,130 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 6,111 | 1,092 | |
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 | 61 | 327 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Owner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 195 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Owner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,512 | 270 | |
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 | 130 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Multifamily [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 211 | |
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 | 777 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 455 | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Land and Land Improvements [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 295 | |
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 | 2,809 | 3,511 | |
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 | 487 | 331 | |
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 | 728 | 1,723 | |
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 | 284 | 228 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 10 | 40 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Bank Overdrafts [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,876 | 1,538 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 60 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Owner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 165 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Owner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 19 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Multifamily [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 18 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Nonowner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 858 | 0 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Land and Land Improvements [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 275 | |
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 | 273 | 489 | |
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 | 401 | 78 | |
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 | 206 | 269 | |
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 | 119 | 181 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 3 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Bank Overdrafts [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 4,270 | 3,112 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 880 | 485 | |
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 | 357 | 357 | |
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 | 0 | 119 | |
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 | 72 | 0 | |
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 | 0 | 0 | |
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 | 487 | 0 | |
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 | 216 | 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 | 1,435 | 1,071 | |
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 | 263 | 75 | |
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 | 181 | 411 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Home Equity Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 313 | 466 | |
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 | 53 | 106 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 13 | 22 | |
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 | 18,603 | 13,780 | |
Financial Asset, Past Due [Member] | Commercial Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 6,991 | 1,637 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 418 | 684 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Owner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 479 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Owner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,603 | 270 | |
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 | 130 | |
Financial Asset, Past Due [Member] | Multifamily [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 0 | 211 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Nonowner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 487 | 795 | |
Financial Asset, Past Due [Member] | Commercial Real Estate Nonowner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,313 | 0 | |
Financial Asset, Past Due [Member] | Land and Land Improvements [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 216 | 570 | |
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 | 4,517 | 5,071 | |
Financial Asset, Past Due [Member] | Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,151 | 484 | |
Financial Asset, Past Due [Member] | Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 181 | 411 | |
Financial Asset, Past Due [Member] | Home Equity Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 1,247 | 2,458 | |
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 | 456 | 515 | |
Financial Asset, Past Due [Member] | Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 23 | 65 | |
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 | 3,678,439 | 3,667,832 | |
Financial Asset, Not Past Due [Member] | Commercial Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 526,223 | 502,205 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 166,968 | 156,257 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Owner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 178,994 | 169,912 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Owner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 221,424 | 217,506 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 216,170 | 215,642 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 80,838 | 68,387 | |
Financial Asset, Not Past Due [Member] | Multifamily [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 309,190 | 302,087 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Nonowner Occupied, Retail [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 246,622 | 253,451 | |
Financial Asset, Not Past Due [Member] | Commercial Real Estate Nonowner Occupied, Other [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 426,328 | 413,634 | |
Financial Asset, Not Past Due [Member] | Land and Land Improvements [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 105,209 | 144,688 | |
Financial Asset, Not Past Due [Member] | Construction Loans [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 341,727 | 374,026 | |
Financial Asset, Not Past Due [Member] | Residential 1-4 Family Real Estate, Personal Residence [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 358,425 | 357,662 | |
Financial Asset, Not Past Due [Member] | Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 143,506 | 142,181 | |
Financial Asset, Not Past Due [Member] | Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 122,951 | 116,203 | |
Financial Asset, Not Past Due [Member] | Home Equity Loan [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 78,780 | 78,668 | |
Financial Asset, Not Past Due [Member] | Mortgage Warehouse Lines [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 108,858 | 108,848 | |
Financial Asset, Not Past Due [Member] | Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 42,651 | 43,241 | |
Financial Asset, Not Past Due [Member] | Credit Card Receivable [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | 2,228 | 2,221 | |
Financial Asset, Not Past Due [Member] | Bank Overdrafts [Member] | |||
Loans and Leases Receivable, Net of Deferred Income | $ 1,347 | $ 1,013 | |
[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 | Mar. 31, 2024 | Dec. 31, 2023 |
Financing Receivable, Nonaccrual | $ 21,121 | $ 12,104 |
Financing Receivable, nonaccrual, No Allowance | 4,268 | 3,767 |
Commercial Loans [Member] | ||
Financing Receivable, Nonaccrual | 7,537 | 1,088 |
Financing Receivable, nonaccrual, No Allowance | 0 | 2 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||
Financing Receivable, Nonaccrual | 357 | 395 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Commercial Real Estate Owner Occupied, Retail [Member] | ||
Financing Receivable, Nonaccrual | 254 | 525 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Commercial Real Estate Owner Occupied, Other [Member] | ||
Financing Receivable, Nonaccrual | 1,553 | 236 |
Financing Receivable, nonaccrual, No Allowance | 73 | 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 | 434 | 446 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | ||
Financing Receivable, Nonaccrual | 4,467 | 4,073 |
Financing Receivable, nonaccrual, No Allowance | 3,300 | 3,520 |
Commercial Real Estate Nonowner Occupied, Other [Member] | ||
Financing Receivable, Nonaccrual | 1,313 | 0 |
Financing Receivable, nonaccrual, No Allowance | 456 | 0 |
Land and Land Improvements [Member] | ||
Financing Receivable, Nonaccrual | 891 | 708 |
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 | 1,873 | 1,879 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||
Financing Receivable, Nonaccrual | 1,822 | 1,922 |
Financing Receivable, nonaccrual, No Allowance | 439 | 245 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | ||
Financing Receivable, Nonaccrual | 181 | 410 |
Financing Receivable, nonaccrual, No Allowance | 0 | 0 |
Home Equity Loan [Member] | ||
Financing Receivable, Nonaccrual | 369 | 313 |
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 | 70 | 109 |
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 Credit Quality Indicators (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | ||
Financing Receivable, Year One | $ 79,903 | $ 490,790 | ||
Financing Receivable, Year Two | 502,678 | 783,379 | ||
Financing Receivable, Year Three | 742,930 | 805,123 | ||
Financing Receivable, Year Four | 789,257 | 348,209 | ||
Financing Receivable, Year Five | 341,196 | 224,723 | ||
Financing Receivable, Prior | 774,284 | 588,905 | ||
Financing Receivable, revolving | 466,794 | 440,483 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 3,697,042 | 3,681,612 | [1] | |
Current Period Charge-Offs, Current Year | (294) | (720) | ||
Current Period Charge-Offs, Year Two | (43) | (170) | ||
Current Period Charge-Offs, Year Three | (70) | (40) | ||
Current Period Charge-Offs, Year Four | (11) | (10) | ||
Current Period Charge-Offs, Year Five | (35) | (3,659) | ||
Current Period Charge-Offs, prior | (323) | (187) | ||
Current Period Charge-Offs, revolving | 0 | (58) | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | (776) | $ (165) | (4,844) | |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||||
Financing Receivable, Year One | 5,333 | 18,464 | ||
Financing Receivable, Year Two | 18,689 | 22,070 | ||
Financing Receivable, Year Three | 22,473 | 27,542 | ||
Financing Receivable, Year Four | 26,625 | 11,343 | ||
Financing Receivable, Year Five | 10,964 | 11,133 | ||
Financing Receivable, Prior | 53,512 | 44,523 | ||
Financing Receivable, revolving | 7,061 | 7,590 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 144,657 | 142,665 | ||
Current Period Charge-Offs, Current Year | 0 | 0 | ||
Current Period Charge-Offs, Year Two | 0 | 0 | ||
Current Period Charge-Offs, Year Three | 0 | 0 | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | 0 | ||
Current Period Charge-Offs, prior | 0 | 0 | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | 0 | 0 | 0 | |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 5,333 | 17,930 | ||
Financing Receivable, Year Two | 18,155 | 21,637 | ||
Financing Receivable, Year Three | 22,045 | 27,323 | ||
Financing Receivable, Year Four | 26,265 | 11,244 | ||
Financing Receivable, Year Five | 10,866 | 10,951 | ||
Financing Receivable, Prior | 49,027 | 40,298 | ||
Financing Receivable, revolving | 6,790 | 7,490 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 138,481 | 136,873 | ||
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Special Mention [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 280 | ||
Financing Receivable, Year Three | 277 | 219 | ||
Financing Receivable, Year Four | 360 | 99 | ||
Financing Receivable, Year Five | 98 | 182 | ||
Financing Receivable, Prior | 2,501 | 2,283 | ||
Financing Receivable, revolving | 174 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 3,410 | 3,063 | ||
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 0 | 534 | ||
Financing Receivable, Year Two | 534 | 153 | ||
Financing Receivable, Year Three | 151 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 1,984 | 1,942 | ||
Financing Receivable, revolving | 97 | 100 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,766 | 2,729 | ||
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | ||||
Financing Receivable, Year One | 0 | 55,770 | ||
Financing Receivable, Year Two | 55,682 | 37,994 | ||
Financing Receivable, Year Three | 41,328 | 11,995 | ||
Financing Receivable, Year Four | 11,931 | 11,808 | ||
Financing Receivable, Year Five | 11,735 | 68,019 | ||
Financing Receivable, Prior | 94,944 | 28,406 | ||
Financing Receivable, revolving | 550 | 1,650 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 216,170 | 215,642 | ||
Current Period Charge-Offs, Current Year | 0 | 0 | ||
Current Period Charge-Offs, Year Two | 0 | 0 | ||
Current Period Charge-Offs, Year Three | 0 | 0 | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | 0 | ||
Current Period Charge-Offs, prior | 0 | 0 | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | 0 | 0 | ||
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 0 | 55,770 | ||
Financing Receivable, Year Two | 55,682 | 37,994 | ||
Financing Receivable, Year Three | 41,328 | 11,995 | ||
Financing Receivable, Year Four | 11,931 | 9,161 | ||
Financing Receivable, Year Five | 9,104 | 53,781 | ||
Financing Receivable, Prior | 80,535 | 28,209 | ||
Financing Receivable, revolving | 550 | 1,650 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 199,130 | 198,560 | ||
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Special Mention [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | ||
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 2,647 | ||
Financing Receivable, Year Five | 2,631 | 14,238 | ||
Financing Receivable, Prior | 14,409 | 197 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 17,040 | 17,082 | ||
Commercial Loans [Member] | ||||
Financing Receivable, Year One | 35,472 | 63,973 | ||
Financing Receivable, Year Two | 60,865 | 130,601 | ||
Financing Receivable, Year Three | 105,660 | 56,678 | ||
Financing Receivable, Year Four | 53,949 | 18,092 | ||
Financing Receivable, Year Five | 17,027 | 16,060 | ||
Financing Receivable, Prior | 25,720 | 11,590 | ||
Financing Receivable, revolving | 234,521 | 206,848 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 533,214 | 503,842 | ||
Current Period Charge-Offs, Current Year | 0 | 0 | ||
Current Period Charge-Offs, Year Two | (22) | 0 | ||
Current Period Charge-Offs, Year Three | 0 | (1) | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | 0 | ||
Current Period Charge-Offs, prior | (16) | (3) | ||
Current Period Charge-Offs, revolving | 0 | (58) | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | (38) | (21) | (62) | |
Commercial Loans [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 35,472 | 63,526 | ||
Financing Receivable, Year Two | 60,037 | 130,075 | ||
Financing Receivable, Year Three | 99,157 | 55,932 | ||
Financing Receivable, Year Four | 49,650 | 17,841 | ||
Financing Receivable, Year Five | 14,627 | 15,802 | ||
Financing Receivable, Prior | 17,027 | 9,693 | ||
Financing Receivable, revolving | 204,092 | 205,654 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 480,062 | 498,523 | ||
Commercial Loans [Member] | Special Mention [Member] | ||||
Financing Receivable, Year One | 0 | 369 | ||
Financing Receivable, Year Two | 718 | 402 | ||
Financing Receivable, Year Three | 5,535 | 299 | ||
Financing Receivable, Year Four | 3,793 | 251 | ||
Financing Receivable, Year Five | 2,400 | 218 | ||
Financing Receivable, Prior | 2,721 | 1,897 | ||
Financing Receivable, revolving | 30,172 | 966 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 45,339 | 4,402 | ||
Commercial Loans [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 0 | 78 | ||
Financing Receivable, Year Two | 110 | 124 | ||
Financing Receivable, Year Three | 968 | 447 | ||
Financing Receivable, Year Four | 506 | 0 | ||
Financing Receivable, Year Five | 0 | 40 | ||
Financing Receivable, Prior | 5,972 | 0 | ||
Financing Receivable, revolving | 257 | 228 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 7,813 | 917 | ||
Commercial Real Estate Nonowner Occupied, Retail [Member] | ||||
Financing Receivable, Year One | 199 | 39,462 | ||
Financing Receivable, Year Two | 39,169 | 53,109 | ||
Financing Receivable, Year Three | 52,681 | 57,653 | ||
Financing Receivable, Year Four | 53,115 | 49,146 | ||
Financing Receivable, Year Five | 48,691 | 14,143 | ||
Financing Receivable, Prior | 49,256 | 36,687 | ||
Financing Receivable, revolving | 3,998 | 4,046 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 247,109 | 254,246 | ||
Current Period Charge-Offs, Current Year | 0 | 0 | ||
Current Period Charge-Offs, Year Two | 0 | 0 | ||
Current Period Charge-Offs, Year Three | 0 | 0 | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | (3,658) | ||
Current Period Charge-Offs, prior | 0 | 0 | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | 0 | 0 | (3,658) | |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 199 | 39,462 | ||
Financing Receivable, Year Two | 36,392 | 53,109 | ||
Financing Receivable, Year Three | 49,341 | 57,587 | ||
Financing Receivable, Year Four | 53,050 | 49,146 | ||
Financing Receivable, Year Five | 48,691 | 10,623 | ||
Financing Receivable, Prior | 44,541 | 35,241 | ||
Financing Receivable, revolving | 3,998 | 4,046 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 236,212 | 249,214 | ||
Commercial Real Estate Nonowner Occupied, Retail [Member] | Special Mention [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 2,777 | 0 | ||
Financing Receivable, Year Three | 3,340 | 66 | ||
Financing Receivable, Year Four | 65 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 873 | 893 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 7,055 | 959 | ||
Commercial Real Estate Nonowner Occupied, Retail [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | |||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 3,520 | ||
Financing Receivable, Prior | 3,842 | 553 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 3,842 | 4,073 | ||
Mortgage Warehouse Lines [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, revolving | 108,858 | 108,848 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 108,858 | 108,848 | ||
Current Period Charge-Offs, Current Year | 0 | 0 | ||
Current Period Charge-Offs, Year Two | 0 | 0 | ||
Current Period Charge-Offs, Year Three | 0 | 0 | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | 0 | ||
Current Period Charge-Offs, prior | 0 | 0 | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | 0 | 0 | 0 | |
Mortgage Warehouse Lines [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, revolving | 108,858 | 108,848 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 108,858 | 108,848 | ||
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | ||||
Financing Receivable, Year One | 6,912 | 7,490 | ||
Financing Receivable, Year Two | 6,745 | 44,447 | ||
Financing Receivable, Year Three | 42,026 | 35,605 | ||
Financing Receivable, Year Four | 35,163 | 10,185 | ||
Financing Receivable, Year Five | 12,171 | 2,379 | ||
Financing Receivable, Prior | 16,474 | 13,480 | ||
Financing Receivable, revolving | 3,641 | 3,028 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 123,132 | 116,614 | ||
Current Period Charge-Offs, Current Year | 0 | 0 | ||
Current Period Charge-Offs, Year Two | 0 | 0 | ||
Current Period Charge-Offs, Year Three | 0 | 0 | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | 0 | ||
Current Period Charge-Offs, prior | 0 | 0 | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | 0 | 0 | 0 | |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 6,912 | 7,490 | ||
Financing Receivable, Year Two | 6,745 | 43,818 | ||
Financing Receivable, Year Three | 41,397 | 35,605 | ||
Financing Receivable, Year Four | 35,163 | 10,185 | ||
Financing Receivable, Year Five | 12,171 | 2,379 | ||
Financing Receivable, Prior | 13,428 | 9,554 | ||
Financing Receivable, revolving | 3,641 | 3,028 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 119,457 | 112,059 | ||
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | Special Mention [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 2,865 | 3,516 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,865 | 3,516 | ||
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 629 | ||
Financing Receivable, Year Three | 629 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 181 | 410 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 810 | 1,039 | ||
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | ||||
Financing Receivable, Year One | 710 | 1,488 | ||
Financing Receivable, Year Two | 1,707 | 22,994 | ||
Financing Receivable, Year Three | 30,227 | 12,460 | ||
Financing Receivable, Year Four | 15,279 | 5,047 | ||
Financing Receivable, Year Five | 6,587 | 4,288 | ||
Financing Receivable, Prior | 26,302 | 22,224 | ||
Financing Receivable, revolving | 26 | 16 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 80,838 | 68,517 | ||
Current Period Charge-Offs, Current Year | 0 | 0 | ||
Current Period Charge-Offs, Year Two | 0 | 0 | ||
Current Period Charge-Offs, Year Three | 0 | 0 | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | 0 | ||
Current Period Charge-Offs, prior | 0 | 0 | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | 0 | 0 | 0 | |
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 710 | 1,488 | ||
Financing Receivable, Year Two | 1,707 | 22,994 | ||
Financing Receivable, Year Three | 30,227 | 12,460 | ||
Financing Receivable, Year Four | 15,279 | 5,047 | ||
Financing Receivable, Year Five | 6,587 | 4,288 | ||
Financing Receivable, Prior | 26,263 | 22,184 | ||
Financing Receivable, revolving | 26 | 16 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 80,799 | 68,477 | ||
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | Special Mention [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 39 | 40 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 39 | 40 | ||
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | ||
Consumer Portfolio Segment [Member] | ||||
Financing Receivable, Year One | 8,604 | 22,504 | ||
Financing Receivable, Year Two | 17,367 | 12,489 | ||
Financing Receivable, Year Three | 9,641 | 4,150 | ||
Financing Receivable, Year Four | 3,454 | 1,849 | ||
Financing Receivable, Year Five | 1,565 | 734 | ||
Financing Receivable, Prior | 1,478 | 1,089 | ||
Financing Receivable, revolving | 998 | 941 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 43,107 | 43,756 | ||
Current Period Charge-Offs, Current Year | (70) | (124) | ||
Current Period Charge-Offs, Year Two | (21) | (170) | ||
Current Period Charge-Offs, Year Three | (70) | (39) | ||
Current Period Charge-Offs, Year Four | (11) | (10) | ||
Current Period Charge-Offs, Year Five | (35) | (1) | ||
Current Period Charge-Offs, prior | 0 | (7) | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | (207) | (34) | (351) | |
Consumer Portfolio Segment [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 8,256 | 21,206 | ||
Financing Receivable, Year Two | 16,304 | 11,580 | ||
Financing Receivable, Year Three | 8,864 | 3,953 | ||
Financing Receivable, Year Four | 3,286 | 1,720 | ||
Financing Receivable, Year Five | 1,481 | 695 | ||
Financing Receivable, Prior | 1,376 | 1,011 | ||
Financing Receivable, revolving | 969 | 912 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 40,536 | 41,077 | ||
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||||
Financing Receivable, Year One | 278 | 1,171 | ||
Financing Receivable, Year Two | 925 | 749 | ||
Financing Receivable, Year Three | 645 | 160 | ||
Financing Receivable, Year Four | 134 | 94 | ||
Financing Receivable, Year Five | 84 | 39 | ||
Financing Receivable, Prior | 100 | 76 | ||
Financing Receivable, revolving | 3 | 4 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,169 | 2,293 | ||
Consumer Portfolio Segment [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 70 | 127 | ||
Financing Receivable, Year Two | 138 | 160 | ||
Financing Receivable, Year Three | 132 | 37 | ||
Financing Receivable, Year Four | 34 | 35 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 2 | 2 | ||
Financing Receivable, revolving | 26 | 25 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 402 | 386 | ||
Commercial Real Estate Nonowner Occupied, Other [Member] | ||||
Financing Receivable, Year One | 1,905 | 45,146 | ||
Financing Receivable, Year Two | 84,921 | 109,657 | ||
Financing Receivable, Year Three | 109,027 | 114,862 | ||
Financing Receivable, Year Four | 90,545 | 56,165 | ||
Financing Receivable, Year Five | 55,678 | 17,746 | ||
Financing Receivable, Prior | 73,506 | 60,821 | ||
Financing Receivable, revolving | 12,059 | 9,237 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 427,641 | 413,634 | ||
Current Period Charge-Offs, Current Year | 0 | 0 | ||
Current Period Charge-Offs, Year Two | 0 | 0 | ||
Current Period Charge-Offs, Year Three | 0 | 0 | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | 0 | ||
Current Period Charge-Offs, prior | (286) | 0 | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | (286) | 0 | 0 | |
Commercial Real Estate Nonowner Occupied, Other [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 1,905 | 45,146 | ||
Financing Receivable, Year Two | 84,478 | 104,191 | ||
Financing Receivable, Year Three | 103,578 | 114,862 | ||
Financing Receivable, Year Four | 90,545 | 56,165 | ||
Financing Receivable, Year Five | 55,678 | 15,509 | ||
Financing Receivable, Prior | 61,613 | 55,330 | ||
Financing Receivable, revolving | 12,059 | 9,237 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 409,856 | 400,440 | ||
Commercial Real Estate Nonowner Occupied, Other [Member] | Special Mention [Member] | ||||
Financing Receivable, Year One | 0 | |||
Financing Receivable, Year Two | 443 | 5,466 | ||
Financing Receivable, Year Three | 5,449 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 7,578 | 176 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 13,470 | 5,642 | ||
Commercial Real Estate Nonowner Occupied, Other [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 2,237 | ||
Financing Receivable, Prior | 4,315 | 5,315 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 4,315 | 7,552 | ||
Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||||
Financing Receivable, Year One | 575 | 20,453 | ||
Financing Receivable, Year Two | 20,207 | 18,882 | ||
Financing Receivable, Year Three | 18,994 | 53,241 | ||
Financing Receivable, Year Four | 65,749 | 10,681 | ||
Financing Receivable, Year Five | 10,461 | 7,668 | ||
Financing Receivable, Prior | 49,943 | 44,293 | ||
Financing Receivable, revolving | 1,457 | 1,723 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 167,386 | 156,941 | ||
Current Period Charge-Offs, Current Year | 0 | 0 | ||
Current Period Charge-Offs, Year Two | 0 | 0 | ||
Current Period Charge-Offs, Year Three | 0 | 0 | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | 0 | ||
Current Period Charge-Offs, prior | 0 | (3) | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | 0 | 0 | (3) | |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 575 | 20,453 | ||
Financing Receivable, Year Two | 20,207 | 18,882 | ||
Financing Receivable, Year Three | 18,994 | 53,241 | ||
Financing Receivable, Year Four | 63,814 | 9,522 | ||
Financing Receivable, Year Five | 9,376 | 7,668 | ||
Financing Receivable, Prior | 48,660 | 42,993 | ||
Financing Receivable, revolving | 1,457 | 1,723 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 163,083 | 154,482 | ||
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Special Mention [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 1,935 | 1,092 | ||
Financing Receivable, Year Five | 1,085 | 0 | ||
Financing Receivable, Prior | 849 | 867 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 3,869 | 1,959 | ||
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 67 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 434 | 433 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 434 | 500 | ||
Home Equity Line of Credit [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 11 | 100 | ||
Financing Receivable, Year Three | 853 | 351 | ||
Financing Receivable, Year Four | 759 | 97 | ||
Financing Receivable, Year Five | 306 | 136 | ||
Financing Receivable, Prior | 4,241 | 2,965 | ||
Financing Receivable, revolving | 73,857 | 77,477 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 80,027 | 81,126 | ||
Current Period Charge-Offs, Current Year | 0 | 0 | ||
Current Period Charge-Offs, Year Two | 0 | 0 | ||
Current Period Charge-Offs, Year Three | 0 | 0 | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | 0 | ||
Current Period Charge-Offs, prior | (15) | 0 | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | (15) | 0 | 0 | |
Home Equity Line of Credit [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 11 | 100 | ||
Financing Receivable, Year Three | 822 | 326 | ||
Financing Receivable, Year Four | 423 | 97 | ||
Financing Receivable, Year Five | 206 | 82 | ||
Financing Receivable, Prior | 2,629 | 1,756 | ||
Financing Receivable, revolving | 72,974 | 76,234 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 77,065 | 78,595 | ||
Home Equity Line of Credit [Member] | Special Mention [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 31 | 0 | ||
Financing Receivable, Year Four | 311 | 0 | ||
Financing Receivable, Year Five | 100 | 17 | ||
Financing Receivable, Prior | 818 | 609 | ||
Financing Receivable, revolving | 838 | 1,093 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,098 | 1,719 | ||
Home Equity Line of Credit [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 25 | ||
Financing Receivable, Year Four | 25 | 0 | ||
Financing Receivable, Year Five | 0 | 37 | ||
Financing Receivable, Prior | 794 | 600 | ||
Financing Receivable, revolving | 45 | 150 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 864 | 812 | ||
Multifamily [Member] | ||||
Financing Receivable, Year One | 2,558 | 15,406 | ||
Financing Receivable, Year Two | 15,381 | 69,803 | ||
Financing Receivable, Year Three | 68,569 | 72,257 | ||
Financing Receivable, Year Four | 95,618 | 53,048 | ||
Financing Receivable, Year Five | 50,218 | 21,966 | ||
Financing Receivable, Prior | 75,460 | 68,655 | ||
Financing Receivable, revolving | 1,386 | 1,163 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 309,190 | 302,298 | ||
Current Period Charge-Offs, Current Year | 0 | 0 | ||
Current Period Charge-Offs, Year Two | 0 | 0 | ||
Current Period Charge-Offs, Year Three | 0 | 0 | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | 0 | ||
Current Period Charge-Offs, prior | 0 | (57) | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | 0 | 0 | (57) | |
Multifamily [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 2,558 | 15,406 | ||
Financing Receivable, Year Two | 15,381 | 69,803 | ||
Financing Receivable, Year Three | 68,569 | 72,257 | ||
Financing Receivable, Year Four | 95,618 | 52,648 | ||
Financing Receivable, Year Five | 41,911 | 21,966 | ||
Financing Receivable, Prior | 75,418 | 68,610 | ||
Financing Receivable, revolving | 1,386 | 1,163 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 300,841 | 301,853 | ||
Multifamily [Member] | Special Mention [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 7,916 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 7,916 | 0 | ||
Multifamily [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 400 | ||
Financing Receivable, Year Five | 391 | 0 | ||
Financing Receivable, Prior | 42 | 45 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 433 | 445 | ||
Credit Card Receivable [Member] | ||||
Financing Receivable, Year One | 2,251 | 2,286 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,251 | 2,286 | ||
Current Period Charge-Offs, Current Year | (7) | (93) | ||
Current Period Charge-Offs, Year Two | 0 | 0 | ||
Current Period Charge-Offs, Year Three | 0 | 0 | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | 0 | ||
Current Period Charge-Offs, prior | 0 | 0 | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | (7) | (11) | (93) | |
Credit Card Receivable [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 2,251 | 2,286 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,251 | 2,286 | ||
Commercial Real Estate Non Owner Occupied [Member] | ||||
Financing Receivable, Year One | 5,372 | 157,272 | ||
Financing Receivable, Year Two | 196,860 | 293,557 | ||
Financing Receivable, Year Three | 301,832 | 269,227 | ||
Financing Receivable, Year Four | 266,488 | 175,214 | ||
Financing Receivable, Year Five | 172,909 | 126,162 | ||
Financing Receivable, Prior | 319,468 | 216,793 | ||
Financing Receivable, revolving | 18,019 | 16,112 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 1,280,948 | 1,254,337 | ||
Commercial Real Estate Owner Occupied, Retail [Member] | ||||
Financing Receivable, Year One | 1,464 | 5,600 | ||
Financing Receivable, Year Two | 5,430 | 22,936 | ||
Financing Receivable, Year Three | 22,717 | 66,848 | ||
Financing Receivable, Year Four | 76,843 | 11,794 | ||
Financing Receivable, Year Five | 11,575 | 23,778 | ||
Financing Receivable, Prior | 57,808 | 36,319 | ||
Financing Receivable, revolving | 3,157 | 3,116 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 178,994 | 170,391 | ||
Current Period Charge-Offs, Current Year | 0 | 0 | ||
Current Period Charge-Offs, Year Two | 0 | 0 | ||
Current Period Charge-Offs, Year Three | 0 | 0 | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | 0 | ||
Current Period Charge-Offs, prior | 0 | 0 | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | 0 | 0 | 0 | |
Commercial Real Estate Owner Occupied, Retail [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 1,464 | 5,600 | ||
Financing Receivable, Year Two | 5,430 | 22,936 | ||
Financing Receivable, Year Three | 22,717 | 66,848 | ||
Financing Receivable, Year Four | 76,843 | 11,794 | ||
Financing Receivable, Year Five | 11,575 | 23,778 | ||
Financing Receivable, Prior | 56,069 | 34,173 | ||
Financing Receivable, revolving | 3,157 | 3,116 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 177,255 | 168,245 | ||
Commercial Real Estate Owner Occupied, Retail [Member] | Special Mention [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 1,379 | 1,756 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 1,379 | 1,756 | ||
Commercial Real Estate Owner Occupied, Retail [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 360 | 390 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 360 | 390 | ||
Land and Land Improvements [Member] | ||||
Financing Receivable, Year One | 1,638 | 56,159 | ||
Financing Receivable, Year Two | 17,037 | 26,464 | ||
Financing Receivable, Year Three | 25,838 | 20,843 | ||
Financing Receivable, Year Four | 19,945 | 9,527 | ||
Financing Receivable, Year Five | 9,462 | 4,163 | ||
Financing Receivable, Prior | 20,193 | 16,616 | ||
Financing Receivable, revolving | 11,312 | 11,486 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 105,425 | 145,258 | ||
Current Period Charge-Offs, Current Year | 0 | 0 | ||
Current Period Charge-Offs, Year Two | 0 | 0 | ||
Current Period Charge-Offs, Year Three | 0 | 0 | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | 0 | ||
Current Period Charge-Offs, prior | 0 | 0 | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | 0 | 0 | 0 | |
Land and Land Improvements [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 1,638 | 56,159 | ||
Financing Receivable, Year Two | 16,916 | 26,369 | ||
Financing Receivable, Year Three | 21,255 | 20,843 | ||
Financing Receivable, Year Four | 19,945 | 9,383 | ||
Financing Receivable, Year Five | 9,319 | 4,008 | ||
Financing Receivable, Prior | 18,545 | 15,072 | ||
Financing Receivable, revolving | 11,312 | 11,486 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 98,930 | 143,320 | ||
Land and Land Improvements [Member] | Special Mention [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 4,488 | 0 | ||
Financing Receivable, Year Four | 0 | 144 | ||
Financing Receivable, Year Five | 143 | 155 | ||
Financing Receivable, Prior | 561 | 419 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 5,192 | 718 | ||
Land and Land Improvements [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 121 | 95 | ||
Financing Receivable, Year Three | 95 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 1,087 | 1,125 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 1,303 | 1,220 | ||
Bank Overdrafts [Member] | ||||
Financing Receivable, Year One | 1,347 | 1,013 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 1,347 | 1,013 | ||
Current Period Charge-Offs, Current Year | (217) | (503) | ||
Current Period Charge-Offs, Year Two | 0 | 0 | ||
Current Period Charge-Offs, Year Three | 0 | 0 | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | 0 | ||
Current Period Charge-Offs, prior | 0 | 0 | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | (217) | (76) | (503) | |
Bank Overdrafts [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 1,347 | 1,013 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 1,347 | 1,013 | ||
Residential 1-4 Family Real Estate [Member] | ||||
Financing Receivable, Year One | 20,701 | 80,341 | ||
Financing Receivable, Year Two | 80,310 | 132,548 | ||
Financing Receivable, Year Three | 128,263 | 119,060 | ||
Financing Receivable, Year Four | 117,086 | 53,641 | ||
Financing Receivable, Year Five | 55,001 | 30,856 | ||
Financing Receivable, Prior | 224,838 | 198,597 | ||
Financing Receivable, revolving | 84,559 | 88,095 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 710,758 | 703,138 | ||
Other Financing Receivable [Member] | ||||
Financing Receivable, Year One | 3,598 | 3,299 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 3,598 | 3,299 | ||
Commercial Real Estate Owner Occupied, Other [Member] | ||||
Financing Receivable, Year One | 1,183 | 27,260 | ||
Financing Receivable, Year Two | 32,323 | 47,405 | ||
Financing Receivable, Year Three | 48,256 | 37,033 | ||
Financing Receivable, Year Four | 38,013 | 25,611 | ||
Financing Receivable, Year Five | 25,103 | 15,302 | ||
Financing Receivable, Prior | 74,836 | 62,306 | ||
Financing Receivable, revolving | 3,313 | 2,859 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 223,027 | 217,776 | ||
Current Period Charge-Offs, Current Year | 0 | 0 | ||
Current Period Charge-Offs, Year Two | 0 | 0 | ||
Current Period Charge-Offs, Year Three | 0 | 0 | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | 0 | ||
Current Period Charge-Offs, prior | 0 | (28) | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | 0 | 0 | (28) | |
Commercial Real Estate Owner Occupied, Other [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 1,183 | 27,260 | ||
Financing Receivable, Year Two | 32,323 | 47,405 | ||
Financing Receivable, Year Three | 48,256 | 36,980 | ||
Financing Receivable, Year Four | 37,961 | 25,611 | ||
Financing Receivable, Year Five | 20,458 | 14,807 | ||
Financing Receivable, Prior | 71,010 | 59,992 | ||
Financing Receivable, revolving | 3,277 | 2,823 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 214,468 | 214,878 | ||
Commercial Real Estate Owner Occupied, Other [Member] | Special Mention [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 53 | ||
Financing Receivable, Year Four | 52 | 0 | ||
Financing Receivable, Year Five | 4,645 | 128 | ||
Financing Receivable, Prior | 1,789 | 1,670 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 6,486 | 1,851 | ||
Commercial Real Estate Owner Occupied, Other [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 367 | ||
Financing Receivable, Prior | 2,037 | 644 | ||
Financing Receivable, revolving | 36 | 36 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 2,073 | 1,047 | ||
Construction Loans [Member] | ||||
Financing Receivable, Year One | 1,296 | 53,929 | ||
Financing Receivable, Year Two | 72,279 | 98,497 | ||
Financing Receivable, Year Three | 81,729 | 178,043 | ||
Financing Receivable, Year Four | 147,730 | 41,800 | ||
Financing Receivable, Year Five | 38,093 | 0 | ||
Financing Receivable, Prior | 0 | 1,302 | ||
Financing Receivable, revolving | 600 | 455 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 341,727 | 374,026 | ||
Current Period Charge-Offs, Current Year | 0 | 0 | ||
Current Period Charge-Offs, Year Two | 0 | 0 | ||
Current Period Charge-Offs, Year Three | 0 | 0 | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | 0 | ||
Current Period Charge-Offs, prior | 0 | 0 | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | 0 | 0 | 0 | |
Construction Loans [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 1,296 | 53,929 | ||
Financing Receivable, Year Two | 71,615 | 98,497 | ||
Financing Receivable, Year Three | 81,729 | 178,043 | ||
Financing Receivable, Year Four | 147,730 | 41,800 | ||
Financing Receivable, Year Five | 38,093 | 0 | ||
Financing Receivable, Prior | 0 | 1,302 | ||
Financing Receivable, revolving | 600 | 455 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 341,063 | 374,026 | ||
Construction Loans [Member] | Special Mention [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 664 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 664 | 0 | ||
Construction Loans [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 0 | 0 | ||
Financing Receivable, Year Three | 0 | 0 | ||
Financing Receivable, Year Four | 0 | 0 | ||
Financing Receivable, Year Five | 0 | 0 | ||
Financing Receivable, Prior | 0 | 0 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 0 | 0 | ||
Commercial Real Estate Owner Occupied [Member] | ||||
Financing Receivable, Year One | 3,222 | 53,313 | ||
Financing Receivable, Year Two | 57,960 | 89,223 | ||
Financing Receivable, Year Three | 89,967 | 157,122 | ||
Financing Receivable, Year Four | 180,605 | 48,086 | ||
Financing Receivable, Year Five | 47,139 | 46,748 | ||
Financing Receivable, Prior | 182,587 | 142,918 | ||
Financing Receivable, revolving | 7,927 | 7,698 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 569,407 | 545,108 | ||
Construction and Development Financial Receivable [Member] | ||||
Financing Receivable, Year One | 2,934 | 110,088 | ||
Financing Receivable, Year Two | 89,316 | 124,961 | ||
Financing Receivable, Year Three | 107,567 | 198,886 | ||
Financing Receivable, Year Four | 167,675 | 51,327 | ||
Financing Receivable, Year Five | 47,555 | 4,163 | ||
Financing Receivable, Prior | 20,193 | 17,918 | ||
Financing Receivable, revolving | 11,912 | 11,941 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 447,152 | 519,284 | ||
Residential 1-4 Family Real Estate, Personal Residence [Member] | ||||
Financing Receivable, Year One | 8,456 | 54,387 | ||
Financing Receivable, Year Two | 54,865 | 65,931 | ||
Financing Receivable, Year Three | 62,911 | 55,562 | ||
Financing Receivable, Year Four | 54,539 | 32,016 | ||
Financing Receivable, Year Five | 31,560 | 17,208 | ||
Financing Receivable, Prior | 150,611 | 137,629 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 362,942 | 362,733 | ||
Current Period Charge-Offs, Current Year | 0 | 0 | ||
Current Period Charge-Offs, Year Two | 0 | 0 | ||
Current Period Charge-Offs, Year Three | 0 | 0 | ||
Current Period Charge-Offs, Year Four | 0 | 0 | ||
Current Period Charge-Offs, Year Five | 0 | 0 | ||
Current Period Charge-Offs, prior | (6) | (89) | ||
Current Period Charge-Offs, revolving | 0 | 0 | ||
Current Period Charge-Offs, revolving term | 0 | 0 | ||
Current Period Charge-Offs, Total | (6) | $ (23) | (89) | |
Residential 1-4 Family Real Estate, Personal Residence [Member] | Pass [Member] | ||||
Financing Receivable, Year One | 8,402 | 54,170 | ||
Financing Receivable, Year Two | 54,486 | 65,858 | ||
Financing Receivable, Year Three | 62,806 | 55,445 | ||
Financing Receivable, Year Four | 54,423 | 32,016 | ||
Financing Receivable, Year Five | 31,357 | 16,499 | ||
Financing Receivable, Prior | 133,857 | 121,272 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 345,331 | 345,260 | ||
Residential 1-4 Family Real Estate, Personal Residence [Member] | Special Mention [Member] | ||||
Financing Receivable, Year One | 54 | 217 | ||
Financing Receivable, Year Two | 217 | 73 | ||
Financing Receivable, Year Three | 51 | 51 | ||
Financing Receivable, Year Four | 51 | 0 | ||
Financing Receivable, Year Five | 203 | 176 | ||
Financing Receivable, Prior | 8,752 | 8,889 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | 9,328 | 9,406 | ||
Residential 1-4 Family Real Estate, Personal Residence [Member] | Substandard [Member] | ||||
Financing Receivable, Year One | 0 | 0 | ||
Financing Receivable, Year Two | 162 | 0 | ||
Financing Receivable, Year Three | 54 | 66 | ||
Financing Receivable, Year Four | 65 | 0 | ||
Financing Receivable, Year Five | 0 | 533 | ||
Financing Receivable, Prior | 8,002 | 7,468 | ||
Financing Receivable, revolving | 0 | 0 | ||
Financing Receivable, revolving term | 0 | 0 | ||
Loans and Leases Receivable, Net of Deferred Income | $ 8,283 | $ 8,067 | ||
[1]Derived from audited consolidated financial statements. |
Note 6 - Loans and Allowance _8
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) - Allowance for Credit Loss (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |||
Financing Receivable, Allowance for Credit Loss | $ 48,090 | [1] | $ 38,899 | $ 38,899 | |
Financing Receivable, Provision for Credit Losses loans | 1,050 | 1,875 | 11,455 | ||
Financing Receivable, Charge offs | (776) | (165) | (4,844) | ||
Financing Receivable, Recoveries | 868 | 227 | 1,085 | ||
Financing Receivable, Allowance for Credit Loss | 49,232 | 40,836 | 48,090 | [1] | |
Financing Receivable, Adjustment | 1,495 | ||||
Commercial Loans [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 4,319 | 4,941 | 4,941 | ||
Financing Receivable, Provision for Credit Losses loans | 3,519 | (242) | (570) | ||
Financing Receivable, Charge offs | (38) | (21) | (62) | ||
Financing Receivable, Recoveries | 5 | 2 | 10 | ||
Financing Receivable, Allowance for Credit Loss | 7,805 | 4,680 | 4,319 | ||
Financing Receivable, Adjustment | 0 | ||||
Commercial Real Estate Owner Occupied Professional, Medical [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 1,207 | 966 | 966 | ||
Financing Receivable, Provision for Credit Losses loans | 64 | (95) | 216 | ||
Financing Receivable, Charge offs | 0 | 0 | (3) | ||
Financing Receivable, Recoveries | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 1,271 | 871 | 1,207 | ||
Financing Receivable, Adjustment | 28 | ||||
Commercial Real Estate Owner Occupied, Retail [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 543 | 1,176 | 1,176 | ||
Financing Receivable, Provision for Credit Losses loans | (87) | (51) | (716) | ||
Financing Receivable, Charge offs | 0 | 0 | 0 | ||
Financing Receivable, Recoveries | 0 | 0 | 1 | ||
Financing Receivable, Allowance for Credit Loss | 456 | 1,125 | 543 | ||
Financing Receivable, Adjustment | 82 | ||||
Commercial Real Estate Owner Occupied, Other [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 601 | 426 | 426 | ||
Financing Receivable, Provision for Credit Losses loans | 561 | 34 | (181) | ||
Financing Receivable, Charge offs | 0 | 0 | (28) | ||
Financing Receivable, Recoveries | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 1,162 | 460 | 601 | ||
Financing Receivable, Adjustment | 384 | ||||
Commercial Real Estate Nonowner Occupied Hotels and Motel [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 3,124 | 1,203 | 1,203 | ||
Financing Receivable, Provision for Credit Losses loans | 589 | (65) | 1,921 | ||
Financing Receivable, Charge offs | 0 | 0 | 0 | ||
Financing Receivable, Recoveries | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 3,713 | 1,138 | 3,124 | ||
Financing Receivable, Adjustment | 0 | ||||
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 79 | 82 | 82 | ||
Financing Receivable, Provision for Credit Losses loans | 107 | 8 | (3) | ||
Financing Receivable, Charge offs | 0 | 0 | 0 | ||
Financing Receivable, Recoveries | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 186 | 90 | 79 | ||
Financing Receivable, Adjustment | 0 | ||||
Multifamily [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 3,144 | 2,907 | 2,907 | ||
Financing Receivable, Provision for Credit Losses loans | (30) | 395 | 288 | ||
Financing Receivable, Charge offs | 0 | 0 | (57) | ||
Financing Receivable, Recoveries | 1 | 1 | 5 | ||
Financing Receivable, Allowance for Credit Loss | 3,115 | 3,303 | 3,144 | ||
Financing Receivable, Adjustment | 1 | ||||
Commercial Real Estate Nonowner Occupied, Retail [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 2,518 | 1,362 | 1,362 | ||
Financing Receivable, Provision for Credit Losses loans | 111 | 510 | 4,601 | ||
Financing Receivable, Charge offs | 0 | 0 | (3,658) | ||
Financing Receivable, Recoveries | 18 | 69 | 114 | ||
Financing Receivable, Allowance for Credit Loss | 2,647 | 1,941 | 2,518 | ||
Financing Receivable, Adjustment | 99 | ||||
Commercial Real Estate Nonowner Occupied, Other [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 2,747 | 2,452 | 2,452 | ||
Financing Receivable, Provision for Credit Losses loans | 446 | (46) | (349) | ||
Financing Receivable, Charge offs | (286) | 0 | 0 | ||
Financing Receivable, Recoveries | 3 | 4 | 12 | ||
Financing Receivable, Allowance for Credit Loss | 2,910 | 2,410 | 2,747 | ||
Financing Receivable, Adjustment | 632 | ||||
Land and Land Improvements [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 5,576 | 3,482 | 3,482 | ||
Financing Receivable, Provision for Credit Losses loans | (2,215) | 486 | 2,085 | ||
Financing Receivable, Charge offs | 0 | 0 | 0 | ||
Financing Receivable, Recoveries | 224 | 2 | 8 | ||
Financing Receivable, Allowance for Credit Loss | 3,585 | 3,970 | 5,576 | ||
Financing Receivable, Adjustment | 1 | ||||
Construction Loans [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 14,283 | 11,138 | 11,138 | ||
Financing Receivable, Provision for Credit Losses loans | (1,636) | 621 | 3,145 | ||
Financing Receivable, Charge offs | 0 | 0 | 0 | ||
Financing Receivable, Recoveries | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 12,647 | 11,759 | 14,283 | ||
Financing Receivable, Adjustment | 0 | ||||
Residential 1-4 Family Real Estate, Personal Residence [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 3,317 | 2,939 | 2,939 | ||
Financing Receivable, Provision for Credit Losses loans | (314) | (468) | 57 | ||
Financing Receivable, Charge offs | (6) | (23) | (89) | ||
Financing Receivable, Recoveries | 34 | 71 | 341 | ||
Financing Receivable, Allowance for Credit Loss | 3,031 | 2,519 | 3,317 | ||
Financing Receivable, Adjustment | 69 | ||||
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 1,871 | 1,907 | 1,907 | ||
Financing Receivable, Provision for Credit Losses loans | (70) | (50) | (135) | ||
Financing Receivable, Charge offs | 0 | 0 | 0 | ||
Financing Receivable, Recoveries | 74 | 8 | 31 | ||
Financing Receivable, Allowance for Credit Loss | 1,875 | 1,865 | 1,871 | ||
Financing Receivable, Adjustment | 68 | ||||
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 2,846 | 2,668 | 2,668 | ||
Financing Receivable, Provision for Credit Losses loans | (399) | 1,165 | (112) | ||
Financing Receivable, Charge offs | 0 | 0 | 0 | ||
Financing Receivable, Recoveries | 440 | 0 | 289 | ||
Financing Receivable, Allowance for Credit Loss | 2,887 | 3,833 | 2,846 | ||
Financing Receivable, Adjustment | 1 | ||||
Home Equity Line of Credit [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 1,430 | 705 | 705 | ||
Financing Receivable, Provision for Credit Losses loans | (58) | (310) | 543 | ||
Financing Receivable, Charge offs | (15) | 0 | 0 | ||
Financing Receivable, Recoveries | 11 | 13 | 52 | ||
Financing Receivable, Allowance for Credit Loss | 1,368 | 408 | 1,430 | ||
Financing Receivable, Adjustment | 130 | ||||
Mortgage Warehouse Lines [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 0 | 0 | 0 | ||
Financing Receivable, Provision for Credit Losses loans | 0 | 0 | 0 | ||
Financing Receivable, Charge offs | 0 | 0 | 0 | ||
Financing Receivable, Recoveries | 0 | 0 | 0 | ||
Financing Receivable, Allowance for Credit Loss | 0 | 0 | 0 | ||
Financing Receivable, Adjustment | 0 | ||||
Consumer Portfolio Segment [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 205 | 174 | 174 | ||
Financing Receivable, Provision for Credit Losses loans | 172 | 0 | 251 | ||
Financing Receivable, Charge offs | (207) | (34) | (351) | ||
Financing Receivable, Recoveries | 32 | 38 | 131 | ||
Financing Receivable, Allowance for Credit Loss | 202 | 178 | 205 | ||
Financing Receivable, Adjustment | 0 | ||||
Credit Card Receivable [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 26 | 17 | 17 | ||
Financing Receivable, Provision for Credit Losses loans | 3 | 10 | 93 | ||
Financing Receivable, Charge offs | (7) | (11) | (93) | ||
Financing Receivable, Recoveries | 2 | 1 | 9 | ||
Financing Receivable, Allowance for Credit Loss | 24 | 17 | 26 | ||
Financing Receivable, Adjustment | 0 | ||||
Bank Overdrafts [Member] | |||||
Financing Receivable, Allowance for Credit Loss | 254 | 354 | 354 | ||
Financing Receivable, Provision for Credit Losses loans | 287 | (27) | 321 | ||
Financing Receivable, Charge offs | (217) | (76) | (503) | ||
Financing Receivable, Recoveries | 24 | 18 | 82 | ||
Financing Receivable, Allowance for Credit Loss | $ 348 | $ 269 | 254 | ||
Financing Receivable, Adjustment | $ 0 | ||||
[1]Derived from audited consolidated financial statements. |
Note 6 - Loans and Allowance _9
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) - Impaired Financing Receivables - Impaired Financing Receivables (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | ||
Financing Receivable, Loans Individually Evaluated | $ 35,654 | $ 32,687 | ||||
Financing Receivable, Loans Collectively Evaluated | 3,661,388 | [1] | 3,648,925 | [2] | ||
Loans, net of unearned fees | 3,697,042 | 3,681,612 | [3] | |||
Allowance for Credit Losses, Loans Individually Evaluated | 5,161 | 2,360 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 44,071 | 45,730 | ||||
Allowance for Credit Losses, Total | 49,232 | 48,090 | [3] | $ 40,836 | $ 38,899 | |
Commercial Loans [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 5,996 | 92 | ||||
Financing Receivable, Loans Collectively Evaluated | 527,218 | [1] | 503,750 | [2] | ||
Loans, net of unearned fees | 533,214 | 503,842 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 2,614 | 0 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 5,191 | 4,319 | ||||
Allowance for Credit Losses, Total | 7,805 | 4,319 | 4,680 | 4,941 | ||
Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||
Financing Receivable, Loans Collectively Evaluated | 167,386 | [1] | 156,941 | [2] | ||
Loans, net of unearned fees | 167,386 | 156,941 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 1,271 | 1,207 | ||||
Allowance for Credit Losses, Total | 1,271 | 1,207 | 871 | 966 | ||
Commercial Real Estate Owner Occupied, Retail [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 566 | 572 | ||||
Financing Receivable, Loans Collectively Evaluated | 178,428 | [1] | 169,819 | [2] | ||
Loans, net of unearned fees | 178,994 | 170,391 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 22 | 23 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 434 | 520 | ||||
Allowance for Credit Losses, Total | 456 | 543 | 1,125 | 1,176 | ||
Commercial Real Estate Owner Occupied, Other [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 1,250 | 0 | ||||
Financing Receivable, Loans Collectively Evaluated | 221,777 | [1] | 217,776 | [2] | ||
Loans, net of unearned fees | 223,027 | 217,776 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 167 | 0 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 995 | 601 | ||||
Allowance for Credit Losses, Total | 1,162 | 601 | 460 | 426 | ||
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 17,041 | 17,083 | ||||
Financing Receivable, Loans Collectively Evaluated | 199,129 | [1] | 198,559 | [2] | ||
Loans, net of unearned fees | 216,170 | 215,642 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 1,435 | 1,456 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 2,278 | 1,668 | ||||
Allowance for Credit Losses, Total | 3,713 | 3,124 | ||||
Commercial Real Estate Nonowner Occupied Mini Storage [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||
Financing Receivable, Loans Collectively Evaluated | 80,838 | [1] | 68,517 | [2] | ||
Loans, net of unearned fees | 80,838 | 68,517 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 186 | 79 | ||||
Allowance for Credit Losses, Total | 186 | 79 | 90 | 82 | ||
Multifamily [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||
Financing Receivable, Loans Collectively Evaluated | 309,190 | [1] | 302,298 | [2] | ||
Loans, net of unearned fees | 309,190 | 302,298 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 3,115 | 3,144 | ||||
Allowance for Credit Losses, Total | 3,115 | 3,144 | 3,303 | 2,907 | ||
Commercial Real Estate Nonowner Occupied, Retail [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 3,680 | 3,906 | ||||
Financing Receivable, Loans Collectively Evaluated | 243,429 | [1] | 250,340 | [2] | ||
Loans, net of unearned fees | 247,109 | 254,246 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 97 | 103 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 2,550 | 2,415 | ||||
Allowance for Credit Losses, Total | 2,647 | 2,518 | 1,941 | 1,362 | ||
Commercial Real Estate Nonowner Occupied, Other [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 4,580 | 7,823 | ||||
Financing Receivable, Loans Collectively Evaluated | 423,061 | [1] | 405,811 | [2] | ||
Loans, net of unearned fees | 427,641 | 413,634 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 211 | 214 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 2,699 | 2,533 | ||||
Allowance for Credit Losses, Total | 2,910 | 2,747 | 2,410 | 2,452 | ||
Land and Land Improvements [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 676 | 708 | ||||
Financing Receivable, Loans Collectively Evaluated | 104,749 | [1] | 144,550 | [2] | ||
Loans, net of unearned fees | 105,425 | 145,258 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 428 | 460 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 3,157 | 5,116 | ||||
Allowance for Credit Losses, Total | 3,585 | 5,576 | 3,970 | 3,482 | ||
Construction Loans [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||
Financing Receivable, Loans Collectively Evaluated | 341,727 | [1] | 374,026 | [2] | ||
Loans, net of unearned fees | 341,727 | 374,026 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 12,647 | 14,283 | ||||
Allowance for Credit Losses, Total | 12,647 | 14,283 | 11,759 | 11,138 | ||
Residential 1-4 Family Real Estate, Personal Residence [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||
Financing Receivable, Loans Collectively Evaluated | 362,942 | [1] | 362,733 | [2] | ||
Loans, net of unearned fees | 362,942 | 362,733 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 3,031 | 3,317 | ||||
Allowance for Credit Losses, Total | 3,031 | 3,317 | 2,519 | 2,939 | ||
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 1,237 | 1,247 | ||||
Financing Receivable, Loans Collectively Evaluated | 143,420 | [1] | 141,418 | [2] | ||
Loans, net of unearned fees | 144,657 | 142,665 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 187 | 104 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 1,688 | 1,767 | ||||
Allowance for Credit Losses, Total | 1,875 | 1,871 | 1,865 | 1,907 | ||
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 628 | 1,256 | ||||
Financing Receivable, Loans Collectively Evaluated | 122,504 | [1] | 115,358 | [2] | ||
Loans, net of unearned fees | 123,132 | 116,614 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 2,887 | 2,846 | ||||
Allowance for Credit Losses, Total | 2,887 | 2,846 | 3,833 | 2,668 | ||
Home Equity Loan [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||
Financing Receivable, Loans Collectively Evaluated | 80,027 | [1] | 81,126 | [2] | ||
Loans, net of unearned fees | 80,027 | 81,126 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 1,368 | 1,430 | ||||
Allowance for Credit Losses, Total | 1,368 | 1,430 | ||||
Mortgage Warehouse Lines [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||
Financing Receivable, Loans Collectively Evaluated | 108,858 | [1] | 108,848 | [2] | ||
Loans, net of unearned fees | 108,858 | 108,848 | ||||
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 | ||
Consumer Portfolio Segment [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||
Financing Receivable, Loans Collectively Evaluated | 43,107 | [1] | 43,756 | [2] | ||
Loans, net of unearned fees | 43,107 | 43,756 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 202 | 205 | ||||
Allowance for Credit Losses, Total | 202 | 205 | 178 | 174 | ||
Credit Card Receivable [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||
Financing Receivable, Loans Collectively Evaluated | 2,251 | [1] | 2,286 | [2] | ||
Loans, net of unearned fees | 2,251 | 2,286 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 24 | 26 | ||||
Allowance for Credit Losses, Total | 24 | 26 | 17 | 17 | ||
Bank Overdrafts [Member] | ||||||
Financing Receivable, Loans Individually Evaluated | 0 | 0 | ||||
Financing Receivable, Loans Collectively Evaluated | 1,347 | [1] | 1,013 | [2] | ||
Loans, net of unearned fees | 1,347 | 1,013 | ||||
Allowance for Credit Losses, Loans Individually Evaluated | 0 | 0 | ||||
Allowance for Credit Losses, Loans Collectively Evaluated | 348 | 254 | ||||
Allowance for Credit Losses, Total | $ 348 | $ 254 | $ 269 | $ 354 | ||
[1]Included in the loans collectively evaluated are $9.8 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 $9.2 million in fully guaranteed or cash secured loans, which are excluded from the pools collectively evaluated and carry no allowance.[3]Derived from audited consolidated financial statements. |
Note 6 - Loans and Allowance_10
Note 6 - Loans and Allowance for Credit Losses on Loans (ACLL) - Collateral Dependent Financing Receivables (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Financing Receivable, Individually Evaluated for Impairment | $ 35,654 | $ 32,687 |
Financing Receivable, Allowance for Credit Losses | 5,161 | 2,360 |
Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 29,658 | 32,595 |
Non Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 5,996 | 92 |
Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 35,654 | 32,687 |
Financing Receivable, Allowance for Credit Losses | 5,161 | 2,360 |
Commercial Loans [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 5,996 | 92 |
Financing Receivable, Allowance for Credit Losses | 2,614 | 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 | 5,996 | 92 |
Commercial Loans [Member] | Collateral Pledged [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 5,996 | 92 |
Financing Receivable, Allowance for Credit Losses | 2,614 | 0 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 0 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Commercial Real Estate Owner Occupied Professional, Medical [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 0 | 572 |
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 | 572 |
Financing Receivable, Allowance for Credit Losses | 0 | 0 |
Commercial Real Estate Owner Occupied, Retail [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 566 | 572 |
Financing Receivable, Allowance for Credit Losses | 22 | 23 |
Commercial Real Estate Owner Occupied, Retail [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 566 | 0 |
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 | 566 | 0 |
Financing Receivable, Allowance for Credit Losses | 22 | 23 |
Commercial Real Estate Owner Occupied, Other [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 1,250 | 0 |
Financing Receivable, Allowance for Credit Losses | 167 | 0 |
Commercial Real Estate Owner Occupied, Other [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 1,250 | 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 | 1,250 | 0 |
Financing Receivable, Allowance for Credit Losses | 167 | 0 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 17,041 | 17,083 |
Financing Receivable, Allowance for Credit Losses | 1,435 | 1,456 |
Commercial Real Estate Nonowner Occupied Hotels and Motels [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 17,041 | 17,083 |
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 | 17,041 | 17,083 |
Financing Receivable, Allowance for Credit Losses | 1,435 | 1,456 |
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 | 3,680 | 3,906 |
Financing Receivable, Allowance for Credit Losses | 97 | 103 |
Commercial Real Estate Nonowner Occupied, Retail [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 3,680 | 3,906 |
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 | 3,680 | 3,906 |
Financing Receivable, Allowance for Credit Losses | 97 | 103 |
Commercial Real Estate Nonowner Occupied, Other [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 4,580 | 7,823 |
Financing Receivable, Allowance for Credit Losses | 211 | 214 |
Commercial Real Estate Nonowner Occupied, Other [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 4,580 | 7,823 |
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 | 4,580 | 7,823 |
Financing Receivable, Allowance for Credit Losses | 211 | 214 |
Land and Land Improvements [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 676 | 708 |
Financing Receivable, Allowance for Credit Losses | 428 | 460 |
Land and Land Improvements [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 676 | 708 |
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 | 676 | 708 |
Financing Receivable, Allowance for Credit Losses | 428 | 460 |
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 | 1,237 | 1,247 |
Financing Receivable, Allowance for Credit Losses | 187 | 104 |
Residential 1-4 Family Real Estate, Rental Small Loan [Member] | Real Estate [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 1,237 | 1,247 |
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 | 1,237 | 1,247 |
Financing Receivable, Allowance for Credit Losses | 187 | 104 |
Residential 1-4 Family Real Estate, Rental Large Loan [Member] | ||
Financing Receivable, Individually Evaluated for Impairment | 628 | 1,256 |
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 | 628 | 1,256 |
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 | 628 | 1,256 |
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 | ||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |
Goodwill | $ 56,000,000 | $ 56,000,000 | |
Amortization of Intangible Assets | $ 987,000 | $ 343,000 |
Note 7 - Goodwill and Other I_4
Note 7 - Goodwill and Other Intangible Assets - Intangible Assets (Details) - Other Intangible Assets [Member] - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Finite-Lived Intangible Assets, Gross carrying amount | $ 30,755 | $ 30,755 |
Finite-Lived Intangible Assets, Less: accumulated amortization | 13,346 | 12,359 |
Finite-Lived Intangible Assets, Net carrying amount | $ 17,409 | $ 18,396 |
Note 7 - Goodwill and Other I_5
Note 7 - Goodwill and Other Intangible Assets - Amortization of Identifiable Intangible Assets (Details) - Core Deposits [Member] $ in Thousands | Mar. 31, 2024 USD ($) |
Finite-Lived Intangible Asset, Nine month period ending December 31, 2024, | $ 2,682 |
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, Year ending December 31, 2028 | 2,021 |
Finite-Lived Intangible Asset, Expected Amortization, Thereafter | $ 4,099 |
Note 8 - Deposits (Details Text
Note 8 - Deposits (Details Textual) - USD ($) $ in Millions | Mar. 31, 2024 | Dec. 31, 2023 |
Deposits, Wholesale | $ 32.7 | $ 32.8 |
Time Deposits, at or Above FDIC Insurance Limit | $ 153.4 | $ 138.1 |
Note 8 - Deposits - Deposit Lia
Note 8 - Deposits - Deposit Liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | |
Demand deposits, interest bearing | $ 2,145,824 | $ 2,164,522 | |
Savings deposits | 438,451 | 450,527 | |
Time deposits | 558,631 | 506,523 | |
Total | $ 3,142,906 | $ 3,121,572 | [1] |
[1]Derived from audited consolidated financial statements. |
Note 8 - Deposits - Time Deposi
Note 8 - Deposits - Time Deposit Maturities (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Time Deposit Maturities, Nine month period ending December 31, 2024 | $ 419,100 | |
Time Deposit Maturities, Year ending December 31, 2025 | 93,387 | |
Time Deposit Maturities, Year ending December 31, 2026 | 23,027 | |
Time Deposit Maturities, Year ending December 31, 2027 | 9,938 | |
Time Deposit Maturities, Year ending December 31, 2028 | 7,520 | |
Time Deposit Maturities, Thereafter | 5,659 | |
Time Deposit Maturities, Total | $ 558,631 | $ 506,523 |
Note 9 - Borrowed Funds (Detail
Note 9 - Borrowed Funds (Details Textual) | 3 Months Ended | ||||
Mar. 31, 2024 USD ($) | Dec. 31, 2021 USD ($) | Sep. 30, 2020 USD ($) | Dec. 31, 2023 USD ($) | ||
Long-Term Debt | $ 630,000 | $ 637,000 | |||
Subordinated Debt | $ 103,904,000 | 103,782,000 | [1] | ||
Number of Statutory Business Trusts | 3 | ||||
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust | $ 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 | $ 74,100,000 | 74,000,000 | |||
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) [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 | $ 29,800,000 | $ 29,800,000 | |||
Number of Maturity Years Remaining to Qualify as Tier2 Capital (Year) | 5 years | ||||
Percent Reduction Each Year to Tier 2 Capital Until Subordinated Debt Maturity Date | 20% | ||||
Subordinated Borrowing, Interest Rate | 5% | ||||
Debt Instrument, Term (Year) | 10 years | ||||
Number of Years Subordinated Debt Not Pre Payable (Year) | 5 years | ||||
Issued Third Quarter 2020 [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 4.87% | ||||
Federal Home Loan Bank Advances [Member] | |||||
Long-Term Debt, Weighted Average Interest Rate, at Point in Time | 5.34% | 5.34% | |||
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 | 3 Months Ended | 12 Months Ended | |||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |||
Balance, Short-Term Debt | $ 262,359 | $ 302,957 | [1] | ||
Federal Home Loan Bank Advances [Member] | |||||
Balance, Short-Term Debt | 262,200 | $ 140,000 | 302,800 | ||
Average balance outstanding for the period | 298,167 | 166,215 | 229,850 | ||
Maximum balance outstanding at any month end during period | $ 325,700 | $ 140,000 | $ 355,100 | ||
Weighted average interest rate for the period (1) | [2] | 5.73% | 4.88% | 5.53% | |
Weighted average interest rate for balances outstanding at March 31 (1) | [2] | 5.67% | 5.20% | 5.64% | |
Federal Funds Purchased and Securities Sold under Agreements to Repurchase [Member] | |||||
Balance, Short-Term Debt | $ 159 | $ 150 | $ 157 | ||
Average balance outstanding for the period | 158 | 150 | 8,502 | ||
Maximum balance outstanding at any month end during period | $ 159 | $ 150 | $ 20,533 | ||
Weighted average interest rate for the period (1) | [2] | 5.47% | 4.62% | 2.37% | |
Weighted average interest rate for balances outstanding at March 31 (1) | [2] | 5.50% | 5% | 5.50% | |
[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 ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Total | $ 630,000 | $ 637,000 |
Long-Term Debt [Member] | ||
2024 | 17,000 | |
2025 | 24,000 | |
2026 | 589,000 | |
2027 | 0 | |
2028 | 0 | |
Thereafter | 0 | |
Total | 630,000 | |
Subordinated Debt [Member] | ||
2024 | 0 | |
2025 | 0 | |
2026 | 0 | |
2027 | 0 | |
2028 | 0 | |
Thereafter | 105,000,000 | |
Total | 105,000,000 | |
Subordinated Debentures Owed To Unconsolidated Subsidiary Trusts [Member] | ||
2024 | 0 | |
2025 | 0 | |
2026 | 0 | |
2027 | 0 | |
2028 | 0 | |
Thereafter | 19,589,000 | |
Total | $ 19,589,000 |
Note 10 - Share-based Compens_3
Note 10 - Share-based Compensation (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Share-Based Payment Arrangement, Expense | $ 163,000 | $ 196,000 |
Share-Based Payment Arrangement, Expense, Tax Benefit | 39,000 | $ 47,000 |
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 2,100,000 | |
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 2 years 2 months 26 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] | Stock Appreciation Rights (SARs) [Member] | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 0 | |
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) | 3 Months Ended |
Mar. 31, 2024 | |
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 | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Outstanding, shares (in shares) | 594,561 | 473,212 |
Outstanding, Weighted- Average Exercise Price (in dollars per share) | $ 22.81 | $ 21.36 |
Granted, shares (in shares) | 0 | 176,384 |
Granted, Weighted- Average Exercise Price (in dollars per share) | $ 0 | $ 26.37 |
Exercised, shares (in shares) | (500) | (1,000) |
Exercised, Weighted- Average Exercise Price (in dollars per share) | $ 12.01 | $ 12.01 |
Forfeited, shares (in shares) | 0 | 0 |
Forfeited, Weighted- Average Exercise Price (in dollars per share) | $ 0 | $ 0 |
Expired, shares (in shares) | 0 | 0 |
Expired, Weighted- Average Exercise Price (in dollars per share) | $ 0 | $ 0 |
Outstanding, shares (in shares) | 594,061 | 648,596 |
Outstanding, Aggregate Intrinsic Value | $ 2,580 | $ 740 |
Outstanding, Remaining Contractual Term (Year) | 5 years 11 months 1 day | 6 years 10 months 9 days |
Outstanding, Weighted- Average Exercise Price (in dollars per share) | $ 22.82 | $ 22.74 |
Exercisable, shares (in shares) | 347,396 | 288,517 |
Exercisable, Aggregate Intrinsic Value | $ 1,909 | $ 740 |
Exercisable, Remaining Contractual Term (Year) | 4 years 4 months 13 days | 4 years 5 months 19 days |
Exercisable, Weighted- Average Exercise Price (in dollars per share) | $ 21.66 | $ 20.78 |
Note 10 - Share-based Compens_6
Note 10 - Share-based Compensation - Schedule of RSUs (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Nonvested, RSUs shares, beginning of period (in shares) | 2,399 | 7,204 |
Nonvested, RSUs Weighted, beginning of period Average Grant Date Fair Value, beginning of period (in dollars per share) | $ 21.73 | $ 20.49 |
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) | 0 | 0 |
Forfeited, RSUs Weighted Average Grant Date Fair Value (in dollars per share) | $ 0 | $ 0 |
Vested, RSUs shares (in shares) | 0 | 0 |
Vested, RSUs Weighted Average Grant Date Fair Value (in dollars per share) | $ 0 | $ 0 |
Nonvested, RSUs shares, end of period (in shares) | 2,399 | 7,204 |
Nonvested, RSUs Weighted Average Grant Date Fair Value, end of period (in dollars per share) | $ 21.73 | $ 20.49 |
Note 11 - Commitments and Con_3
Note 11 - Commitments and Contingencies (Details Textual) - USD ($) | 3 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |
Provision for Loan, Lease, and Other Losses | $ 0 | $ 1,500,000 | |
Other Liabilities [Member] | |||
Off-Balance-Sheet, Credit Loss, Liability | 6,690,000 | $ 7,740,000 | |
Unfunded Loan Commitment [Member] | |||
Provision for Loan, Lease, and Other Losses | $ (1,100,000) | $ (375,000) |
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 | Mar. 31, 2024 USD ($) |
Total Unfunded Commitments | $ 911,132 |
Commitments to Extend Credit [Member] | Revolving Home Equity And Credit Card Lines Member [Member] | |
Total Unfunded Commitments | 116,403 |
Commitments to Extend Credit [Member] | Construction Loans [Member] | |
Total Unfunded Commitments | 250,672 |
Commitments to Extend Credit [Member] | Other Loans [Member] | |
Total Unfunded Commitments | 485,637 |
Standby Letters of Credit [Member] | |
Total Unfunded Commitments | $ 58,420 |
Note 12 - Preferred Stock (Deta
Note 12 - Preferred Stock (Details Textual) - USD ($) $ / shares in Units, $ in Millions | 1 Months Ended | |||
Apr. 30, 2021 | Mar. 31, 2024 | Dec. 31, 2023 | [1] | |
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% | |||
[1]Derived from audited consolidated financial statements. |
Note 13 - Regulatory Matters -
Note 13 - Regulatory Matters - Summary of Actual Capital Amounts And Ratios (Details) $ in Thousands | Mar. 31, 2024 USD ($) | Dec. 31, 2023 USD ($) |
Summit [Member] | ||
CET1 (to risk weighted assets), amount | $ 381,890 | $ 369,935 |
CET1 (to risk weighted assets), Actual Ratio | 0.094 | 0.091 |
CET1 (to risk weighted assets), Minimum Required Capital, Amount | $ 285,018 | $ 285,338 |
CET1 (to risk weighted assets), Minimum Required Capital, Ratio | 0.07 | 0.07 |
Tier I Capital (to risk weighted assets), amount | $ 415,810 | $ 403,855 |
Tier I Capital (to risk weighted assets), Actual Ratio | 0.102 | 0.099 |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 346,093 | $ 346,481 |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Ratio | 0.085 | 0.085 |
Total Capital (to risk weighted assets), amount | $ 570,628 | $ 556,590 |
Total Capital (to risk weighted assets), Actual Ratio | 0.14 | 0.137 |
Total Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 427,527 | $ 428,006 |
Total Capital (to risk weighted assets), Minimum Required Capital, Ratio | 0.105 | 0.105 |
Tier I Capital (to average assets), amount | $ 415,810 | $ 403,855 |
Tier I Capital (to average assets), Actual Amount | 0.09 | 0.087 |
Tier I Capital (to average assets), Minimum Required Capital, Amount | $ 184,166 | $ 186,747 |
Tier I Capital (to average assets), Minimum Required Capital, Ratio | 0.04 | 0.04 |
Summit Community [Member] | ||
CET1 (to risk weighted assets), amount | $ 488,335 | $ 475,785 |
CET1 (to risk weighted assets), Actual Ratio | 0.12 | 0.117 |
CET1 (to risk weighted assets), Minimum Required Capital, Amount | $ 284,426 | $ 284,873 |
CET1 (to risk weighted assets), Minimum Required Capital, Ratio | 0.07 | 0.07 |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 264,110 | $ 264,525 |
CET1 (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 0.065 | 0.065 |
Tier I Capital (to risk weighted assets), amount | $ 488,335 | $ 475,785 |
Tier I Capital (to risk weighted assets), Actual Ratio | 0.12 | 0.117 |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 345,375 | $ 345,917 |
Tier I Capital (to risk weighted assets), Minimum Required Capital, Ratio | 0.085 | 0.085 |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 325,059 | $ 325,569 |
Tier I Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 0.08 | 0.08 |
Total Capital (to risk weighted assets), amount | $ 539,145 | $ 524,737 |
Total Capital (to risk weighted assets), Actual Ratio | 0.133 | 0.129 |
Total Capital (to risk weighted assets), Minimum Required Capital, Amount | $ 426,640 | $ 427,309 |
Total Capital (to risk weighted assets), Minimum Required Capital, Ratio | 0.105 | 0.105 |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Amount | $ 406,324 | $ 406,961 |
Total Capital (to risk weighted assets), Minimum Required To Be Well Capitalized, Ratio | 0.10 | 0.10 |
Tier I Capital (to average assets), amount | $ 488,335 | $ 475,785 |
Tier I Capital (to average assets), Actual Amount | 0.106 | 0.102 |
Tier I Capital (to average assets), Minimum Required Capital, Amount | $ 183,982 | $ 186,057 |
Tier I Capital (to average assets), Minimum Required Capital, Ratio | 0.04 | 0.04 |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Amount | $ 229,977 | $ 232,571 |
Tier I Capital (to average assets), Minimum Required To Be Well Capitalized, Ratio | 0.05 | 0.05 |
Note 14 - Derivative Financia_3
Note 14 - Derivative Financial Instruments (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Dec. 31, 2023 | |
Derivative, Notional Amount | $ 407,239 | $ 407,420 |
Interest Rate Swap [Member] | ||
Derivative, Number of Instruments Held | 3 | |
Interest Rate Swap Maturing October18 2024 [Member] | Three Month LIBOR [Member] | ||
Derivative, Notional Amount | $ 20,000 | |
Derivative, Inception Date | Oct. 18, 2021 | |
Derivative, Contract End Date | Oct. 18, 2024 | |
Cash Flow Hedge Derivative Notional Amount | $ 20,000 | |
Derivative, Swaption Interest Rate | 1.1055% | |
Interest Rate Swap Maturing May 18, 2025 [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | ||
Derivative, Notional Amount | $ 50,000 | |
Derivative, Inception Date | May 18, 2023 | |
Derivative, Contract End Date | May 18, 2025 | |
Cash Flow Hedge Derivative Notional Amount | $ 50,000 | |
Derivative, Swaption Interest Rate | 3.768% | |
Interest Rate Swap Maturing January 18, 2026 [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | ||
Derivative, Notional Amount | $ 50,000 | |
Derivative, Inception Date | Jul. 18, 2023 | |
Derivative, Contract End Date | Jan. 18, 2026 | |
Cash Flow Hedge Derivative Notional Amount | $ 50,000 | |
Derivative, Swaption Interest Rate | 4.36% | |
Interest Rate Cap [Member] | ||
Derivative, Number of Instruments Held | 2 | |
Interest Rate Cap Maturing April 18 2030 [Member] | Three Month LIBOR [Member] | ||
Derivative, Notional Amount | $ 100,000 | |
Derivative, Inception Date | Jul. 20, 2020 | |
Derivative, Contract End Date | Apr. 18, 2030 | |
Cash Flow Hedge Derivative Notional Amount | $ 100,000 | |
Derivative, Cap Interest Rate | 0.75% | |
Interest Rate Cap Maturing December 18 2025 [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | ||
Derivative, Notional Amount | $ 100,000 | |
Derivative, Inception Date | Dec. 29, 2020 | |
Derivative, Contract End Date | Dec. 18, 2025 | |
Cash Flow Hedge Derivative Notional Amount | $ 100,000 | |
Derivative, Cap Interest Rate | 0.50% | |
Fair Value Hedging [Member] | ||
Derivative, Number of Instruments Held | 3 | |
Fair Value Interest Rate Swap at a Fixed Rate of 4.33% [Member] | Three Month LIBOR [Member] | ||
Derivative, Notional Amount | $ 9,950 | |
Derivative, Inception Date | Jan. 15, 2015 | |
Derivative, Contract End Date | Jan. 15, 2025 | |
Derivative, Fair Value, Net | $ 6,500 | |
Derivative, Fixed Interest Rate | 4.33% | |
Derivative, Basis Spread on Variable Rate | 2.23% | |
Fair Value Interest Swap at a Fixed Rate of 4.30% [Member] | One Month LIBOR [Member] | ||
Derivative, Notional Amount | $ 11,300 | |
Derivative, Inception Date | Dec. 18, 2015 | |
Derivative, Contract End Date | Jan. 15, 2026 | |
Derivative, Fair Value, Net | $ 9,500 | |
Derivative, Fixed Interest Rate | 4.30% | |
Derivative, Basis Spread on Variable Rate | 2.18% | |
Fixed / Receive Variable Interest Rate Swap [Member] | ||
Derivative, Notional Amount | $ 71,250 | |
Derivative, Inception Date | Apr. 01, 2024 | |
Derivative, Contract End Date | Feb. 01, 2031 | |
Derivative, Fixed Interest Rate | 1.587% |
Note 14 - Derivative Financia_4
Note 14 - Derivative Financial Instruments - Summary of Derivative Financial Instruments (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2024 | Dec. 31, 2023 | |
Derivative Notional Amount | $ 407,239 | $ 407,420 |
Derivative Instruments in Hedges, Assets, at Fair Value | 36,803 | 33,520 |
Derivative Instruments in Hedges, Liabilities, at Fair Value | 0 | 375 |
Derivative, Net Hedge Ineffectiveness Gain (Loss) | (2) | 1 |
Short-Term Debt [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | ||
Derivative Notional Amount | 120,000 | 120,000 |
Cash Flow Hedge Derivative Instrument Assets at Fair Value | 1,248 | 1,059 |
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value | 0 | 375 |
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 | 18,596 | 17,578 |
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 | 6,725 | 6,736 |
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 | 15,994 | 16,175 |
Fair Value Hedge Derivative Instrument Assets at Fair Value | 592 | 583 |
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 | 9,642 | 7,564 |
Fair Value Hedge Derivative Instrument Liabilities at Fair Value | 0 | 0 |
Gain (Loss) on Fair Value Hedge Ineffectiveness, Net | $ (2) | $ 1 |
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 | ||
Mar. 31, 2024 | Mar. 31, 2023 | ||
Balance | $ 440,208 | [1] | $ 354,530 |
Balance | 454,281 | 369,546 | |
Accumulated Pension Plan Adjustment Net Unamortized Gain (Loss) [Member] | |||
Balance | 19 | (23) | |
Other comprehensive (loss) income before reclassification | 0 | 0 | |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 0 | 0 | |
Net current period other comprehensive (loss) income | 0 | 0 | |
Balance | 19 | (23) | |
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] | |||
Balance | 147 | 172 | |
Other comprehensive (loss) income before reclassification | 0 | 0 | |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 0 | 0 | |
Net current period other comprehensive (loss) income | 0 | 0 | |
Balance | 147 | 172 | |
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] | |||
Balance | 15,820 | 20,867 | |
Other comprehensive (loss) income before reclassification | 1,350 | (3,136) | |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 0 | 0 | |
Net current period other comprehensive (loss) income | 1,350 | (3,136) | |
Balance | 17,170 | 17,731 | |
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member] | |||
Balance | (29,211) | (37,901) | |
Other comprehensive (loss) income before reclassification | (2,766) | 7,493 | |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 71 | 45 | |
Net current period other comprehensive (loss) income | (2,695) | 7,538 | |
Balance | (31,906) | (30,363) | |
AOCI Accumulated Gain (Loss) Securities Fair Value Hedge Parent [Member] | |||
Balance | 5,740 | 5,406 | |
Other comprehensive (loss) income before reclassification | 1,581 | (948) | |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 0 | 0 | |
Net current period other comprehensive (loss) income | 1,581 | (948) | |
Balance | 7,321 | 4,458 | |
AOCI Attributable to Parent [Member] | |||
Balance | (7,485) | (11,479) | |
Other comprehensive (loss) income before reclassification | 165 | 3,409 | |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 71 | 45 | |
Net current period other comprehensive (loss) income | 236 | 3,454 | |
Balance | $ (7,249) | $ (8,025) | |
[1]Derived from audited consolidated financial statements. |
Note 16 - Income Taxes (Details
Note 16 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Income Tax Expense (Benefit) | $ 4,996 | $ 3,575 |
Effective Income Tax Rate Reconciliation, Percent | 22.70% | 20.20% |
Note 16 - Income Taxes - Reconc
Note 16 - Income Taxes - Reconciliation Statutory Income Tax Rates (Details) | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Applicable statutory rate | 21% | 21% |
Tax-exempt interest and dividends, net | (1.10%) | (1.80%) |
State income taxes, net of Federal income tax benefit | 2.10% | 1.80% |
Low-income housing and rehabilitation tax credits | (0.40%) | (0.30%) |
Other, net | 1.10% | (0.50%) |
Effective income tax rate | 22.70% | 20.20% |
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 | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Current | ||
Current Federal Tax Expense (Benefit) | $ 4,134 | $ 3,537 |
Current State and Local Tax Expense (Benefit) | 540 | 451 |
Current Tax Expense (Benefit) Total | 4,674 | 3,988 |
Deferred | ||
Deferred Federal Income Tax Expense (Benefit) | 282 | (364) |
Deferred State and Local Income Tax Expense (Benefit) | 40 | (49) |
Deferred Tax Expense (Benefit) Total | 322 | (413) |
Income Tax Expense (Benefit) | $ 4,996 | $ 3,575 |
Note 17 - Revenue From Contra_3
Note 17 - Revenue From Contracts With Customers (Details Textual) | Mar. 31, 2024 |
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 | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Revenue from contracts with customers | $ 4,500 | $ 3,893 |
Non-interest income within the scope of other ASC topics | 578 | 493 |
Total noninterest income | 5,078 | 4,386 |
Deposit Account [Member] | ||
Revenue from contracts with customers | 1,723 | 1,392 |
Credit and Debit Card [Member] | ||
Revenue from contracts with customers | 1,833 | 1,568 |
Fiduciary and Trust [Member] | ||
Revenue from contracts with customers | 847 | 811 |
Product and Service, Other [Member] | ||
Revenue from contracts with customers | $ 97 | $ 122 |
Note 18 - Merger (Details Textu
Note 18 - Merger (Details Textual) $ / shares in Units, $ in Billions | Aug. 24, 2023 USD ($) $ / shares | Mar. 31, 2024 $ / shares | Dec. 31, 2023 $ / shares | [1] |
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 2.5 | $ 2.5 | ||
Burke & Herbert [Member] | ||||
Net Assets | $ | $ 3.6 | |||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.5 | |||
Burke & Herbert [Member] | Agreement and Plan of Reorganization, Merger [Member] | ||||
Business Acquisition, Effective Date of Acquisition | May 03, 2024 | |||
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) | $ 2.5 | |||
[1]Derived from audited consolidated financial statements. |