Note 2 - Changes to Previously Reported Allowance for Credit Losses - Impact of ASC 326 (Details) | 3 Months Ended | 6 Months Ended | 9 Months Ended | | |
Sep. 30, 2022 USD ($) $ / shares | Jun. 30, 2022 USD ($) $ / shares | Mar. 31, 2022 USD ($) $ / shares | Sep. 30, 2021 USD ($) $ / shares | Jun. 30, 2022 USD ($) $ / shares | Sep. 30, 2022 USD ($) $ / shares | Sep. 30, 2021 USD ($) $ / shares | Jan. 01, 2022 USD ($) | Dec. 31, 2021 USD ($) |
Loans receivable (net of allowance for credit losses) | $ 3,035,597,000 | $ 2,729,686,000 | $ 2,534,011,000 | | $ 2,729,686,000 | $ 3,035,597,000 | | | $ 2,488,401,000 |
Other assets | 86,255,000 | 72,876,000 | 56,433,000 | | 72,876,000 | 86,255,000 | | | 38,768,000 |
Total Assets | 5,999,254,000 | 5,855,605,000 | 5,700,465,000 | | 5,855,605,000 | 5,999,254,000 | | | 5,626,656,000 |
Other liabilities | 24,409,000 | 23,459,000 | 19,827,000 | | 23,459,000 | 24,409,000 | | | 17,636,000 |
Total Liabilities | 5,809,796,000 | 5,622,464,000 | 5,424,729,000 | | 5,622,464,000 | 5,809,796,000 | | | 5,302,414,000 |
Retained earnings | 19,601,000 | 18,692,000 | 15,343,000 | | 18,692,000 | 19,601,000 | | | 13,591,000 |
Total Shareholders' Equity | 189,458,000 | 233,141,000 | 275,736,000 | $ 323,513,000 | 233,141,000 | 189,458,000 | $ 323,513,000 | | 324,242,000 |
Total Liabilities and Shareholders' Equity | 5,999,254,000 | 5,855,605,000 | 5,700,465,000 | | 5,855,605,000 | 5,999,254,000 | | | 5,626,656,000 |
Provision for credit losses | 3,998,000 | 830,000 | (72,000) | 900,000 | 758,000 | 4,756,000 | 3,900,000 | | |
Net interest income after provision for credit losses | 34,001,000 | 37,570,000 | 36,212,000 | 30,542,000 | 73,782,000 | 107,783,000 | 89,613,000 | | |
Legal | 3,617,000 | 6,322,000 | 1,004,000 | 265,000 | | 10,943,000 | 776,000 | | |
Total non-interest expense | 37,714,000 | 37,250,000 | 32,195,000 | 29,775,000 | | 107,159,000 | 89,640,000 | | |
Net income before provision for income taxes | 2,029,000 | 5,193,000 | 8,364,000 | 8,084,000 | 13,557,000 | 15,586,000 | 25,245,000 | | |
Provision for income taxes | 476,000 | 1,200,000 | 2,129,000 | 1,988,000 | 3,329,000 | 3,805,000 | 6,147,000 | | |
Net income | 1,553,000 | 3,993,000 | 6,235,000 | 6,096,000 | 10,228,000 | 11,781,000 | 19,098,000 | | |
Net income available to common shareholders | $ 909,000 | $ 3,349,000 | $ 5,369,000 | $ 5,221,000 | $ 8,718,000 | $ 9,627,000 | $ 16,473,000 | | |
Basic earnings per common share (in dollars per share) | $ / shares | $ 0.01 | $ 0.05 | $ 0.09 | $ 0.09 | $ 0.14 | $ 0.15 | $ 0.28 | | |
Diluted earnings per common share (in dollars per share) | $ / shares | $ 0.01 | $ 0.05 | $ 0.08 | $ 0.08 | $ 0.13 | $ 0.14 | $ 0.25 | | |
Total comprehensive (loss) income | $ (43,557,000) | $ (42,503,000) | $ (44,927,000) | $ 3,366,000 | $ (87,430,000) | $ (130,987,000) | $ 16,323,000 | | |
Cash flows from operating activities | | | | | | | | | |
Net income | 1,553,000 | 3,993,000 | 6,235,000 | 6,096,000 | 10,228,000 | 11,781,000 | 19,098,000 | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Provision for credit losses | 3,998,000 | 830,000 | (72,000) | 900,000 | 758,000 | 4,756,000 | 3,900,000 | | |
Increase in accrued interest receivable and other assets | | | (1,149,000) | | (2,564,000) | | | | |
Net increase (decrease) in accrued interest payable and other liabilities | | | 2,857,000 | | | 10,909,000 | (384,000) | | |
Net cash provided by operating activities | | | 16,582,000 | | 27,418,000 | 36,930,000 | 70,705,000 | | |
Balance | 233,141,000 | 275,736,000 | 324,242,000 | 320,441,000 | 324,242,000 | 324,242,000 | 308,113,000 | | |
Net income | 1,553,000 | 3,993,000 | 6,235,000 | 6,096,000 | 10,228,000 | 11,781,000 | 19,098,000 | | |
Balance | 189,458,000 | 233,141,000 | 275,736,000 | 323,513,000 | 233,141,000 | 189,458,000 | 323,513,000 | | |
Loans receivable (net of allowance for credit losses) | 3,035,597,000 | 2,729,686,000 | 2,534,011,000 | | 2,729,686,000 | 3,035,597,000 | | | 2,488,401,000 |
Total ACL on Loans | 25,255,000 | 20,997,000 | 23,156,000 | 17,218,000 | 20,997,000 | 25,255,000 | 17,218,000 | | 18,964,000 |
ACL on off-balance sheet commitments | 604,000 | | | | | 604,000 | | | |
Total loans receivable | 3,064,219,000 | 2,754,394,000 | 2,562,068,000 | | 2,754,394,000 | 3,064,219,000 | | | 2,514,123,000 |
Deferred costs (fees) | (3,367,000) | (3,711,000) | (4,901,000) | | (3,711,000) | (3,367,000) | | | (6,758,000) |
Individually evaluated for impairment | | | 3,609,000 | | | | | | |
Collectively evaluated for impairment | | | 19,547,000 | | | | | | |
Balance | 20,997,000 | 23,156,000 | 18,964,000 | 16,110,000 | 18,964,000 | 18,964,000 | 12,975,000 | | |
Charge-offs | (27,000) | (3,684,000) | (67,000) | (1,000) | (3,751,000) | (3,778,000) | (108,000) | | |
Recoveries | 386,000 | 677,000 | 17,000 | 209,000 | 694,000 | 1,080,000 | 451,000 | | |
Balance | 25,255,000 | 20,997,000 | 23,156,000 | 17,218,000 | 20,997,000 | 25,255,000 | 17,218,000 | | |
Provisions | | 848,000 | 2,000 | | 850,000 | | | | |
Other assets | 86,255,000 | 72,876,000 | 56,433,000 | | 72,876,000 | 86,255,000 | | | 38,768,000 |
Total Assets | 5,999,254,000 | 5,855,605,000 | 5,700,465,000 | | 5,855,605,000 | 5,999,254,000 | | | 5,626,656,000 |
Other liabilities | 24,409,000 | 23,459,000 | 19,827,000 | | 23,459,000 | 24,409,000 | | | 17,636,000 |
Total Liabilities | 5,809,796,000 | 5,622,464,000 | 5,424,729,000 | | 5,622,464,000 | 5,809,796,000 | | | 5,302,414,000 |
Retained earnings | 19,601,000 | 18,692,000 | 15,343,000 | | 18,692,000 | 19,601,000 | | | 13,591,000 |
Total Shareholders' Equity | 189,458,000 | 233,141,000 | 275,736,000 | 323,513,000 | 233,141,000 | 189,458,000 | 323,513,000 | | 324,242,000 |
Total Liabilities and Shareholders' Equity | 5,999,254,000 | 5,855,605,000 | 5,700,465,000 | | 5,855,605,000 | 5,999,254,000 | | | 5,626,656,000 |
Net interest income after provision for credit losses | 34,001,000 | 37,570,000 | 36,212,000 | 30,542,000 | 73,782,000 | 107,783,000 | 89,613,000 | | |
Legal | 3,617,000 | 6,322,000 | 1,004,000 | 265,000 | | 10,943,000 | 776,000 | | |
Total non-interest expense | 37,714,000 | 37,250,000 | 32,195,000 | 29,775,000 | | 107,159,000 | 89,640,000 | | |
Net income before provision for income taxes | 2,029,000 | 5,193,000 | 8,364,000 | 8,084,000 | 13,557,000 | 15,586,000 | 25,245,000 | | |
Provision for income taxes | 476,000 | 1,200,000 | 2,129,000 | 1,988,000 | 3,329,000 | 3,805,000 | 6,147,000 | | |
Net income available to common shareholders | $ 909,000 | $ 3,349,000 | $ 5,369,000 | $ 5,221,000 | $ 8,718,000 | $ 9,627,000 | $ 16,473,000 | | |
Basic earnings per common share (in dollars per share) | $ / shares | $ 0.01 | $ 0.05 | $ 0.09 | $ 0.09 | $ 0.14 | $ 0.15 | $ 0.28 | | |
Diluted earnings per common share (in dollars per share) | $ / shares | $ 0.01 | $ 0.05 | $ 0.08 | $ 0.08 | $ 0.13 | $ 0.14 | $ 0.25 | | |
Total comprehensive (loss) income | $ (43,557,000) | $ (42,503,000) | $ (44,927,000) | $ 3,366,000 | $ (87,430,000) | $ (130,987,000) | $ 16,323,000 | | |
Increase in accrued interest receivable and other assets | | | (1,149,000) | | (2,564,000) | | | | |
Retained Earnings [Member] | | | | | | | | | |
Total Shareholders' Equity | 19,601,000 | 18,692,000 | 15,343,000 | 8,388,000 | 18,692,000 | 19,601,000 | 8,388,000 | | 13,591,000 |
Net income | 1,553,000 | 3,993,000 | 6,235,000 | 6,096,000 | 5,730,000 | 11,781,000 | 19,098,000 | | |
Cash flows from operating activities | | | | | | | | | |
Net income | 1,553,000 | 3,993,000 | 6,235,000 | 6,096,000 | 5,730,000 | 11,781,000 | 19,098,000 | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Balance | 18,692,000 | 15,343,000 | 13,591,000 | 3,167,000 | 13,591,000 | 13,591,000 | (8,085,000) | | |
Net income | 1,553,000 | 3,993,000 | 6,235,000 | 6,096,000 | 5,730,000 | 11,781,000 | 19,098,000 | | |
Balance | 19,601,000 | 18,692,000 | 15,343,000 | 8,388,000 | 18,692,000 | 19,601,000 | 8,388,000 | | |
Total Shareholders' Equity | 19,601,000 | $ 18,692,000 | $ 15,343,000 | 8,388,000 | $ 18,692,000 | 19,601,000 | 8,388,000 | | 13,591,000 |
Republic [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total risk based capital | | 0.1081 | 0.1123 | | 0.1081 | | | | |
Tier one risk based capital | | 0.1018 | 0.1050 | | 0.1018 | | | | |
CET 1 risk based capital | | 0.1018 | 0.1050 | | 0.1018 | | | | |
Tier one leveraged capital | | 0.0580 | 0.0581 | | 0.0580 | | | | |
Company [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total risk based capital | | 0.1097 | 0.1159 | | 0.1097 | | | | |
Tier one risk based capital | | 0.1035 | 0.1086 | | 0.1035 | | | | |
CET 1 risk based capital | | 0.0898 | 0.0941 | | 0.0898 | | | | |
Tier one leveraged capital | | 0.0591 | 0.0602 | | 0.0591 | | | | |
Commercial Real Estate Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | 3,838,000 | $ 3,541,000 | $ 4,048,000 | 6,184,000 | $ 3,541,000 | 3,838,000 | 6,184,000 | | 5,802,000 |
Total loans receivable | 915,494,000 | | | | | 915,494,000 | | | 780,311,000 |
Individually evaluated for impairment | | | 915,000 | | | | | | |
Collectively evaluated for impairment | | | 3,133,000 | | | | | | |
Balance | 3,541,000 | 4,048,000 | 5,802,000 | 5,919,000 | 5,802,000 | 5,802,000 | 4,394,000 | | |
Charge-offs | 0 | (621,000) | 0 | 0 | (621,000) | (621,000) | 0 | | |
Recoveries | 215,000 | 0 | 0 | 0 | 0 | 215,000 | 0 | | |
Balance | 3,838,000 | 3,541,000 | 4,048,000 | 6,184,000 | 3,541,000 | 3,838,000 | 6,184,000 | | |
Provisions | | 114,000 | (289,000) | | (175,000) | | | | |
Construction and Land Development Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | 1,910,000 | 1,522,000 | 2,110,000 | 1,090,000 | 1,522,000 | 1,910,000 | 1,090,000 | | 1,544,000 |
Total loans receivable | 226,627,000 | | | | | 226,627,000 | | | 216,008,000 |
Individually evaluated for impairment | | | 0 | | | | | | |
Collectively evaluated for impairment | | | 2,110,000 | | | | | | |
Balance | 1,522,000 | 2,110,000 | 1,544,000 | 1,133,000 | 1,544,000 | 1,544,000 | 948,000 | | |
Charge-offs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | |
Recoveries | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | |
Balance | 1,910,000 | 1,522,000 | 2,110,000 | 1,090,000 | 1,522,000 | 1,910,000 | 1,090,000 | | |
Provisions | | (588,000) | (537,000) | | (1,125,000) | | | | |
Commercial and Industrial [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | 2,323,000 | 4,484,000 | | 2,323,000 | | | | 2,856,000 |
Individually evaluated for impairment | | | 2,268,000 | | | | | | |
Collectively evaluated for impairment | | | 2,216,000 | | | | | | |
Balance | 2,323,000 | 4,484,000 | 2,856,000 | | 2,856,000 | 2,856,000 | | | |
Charge-offs | | (2,161,000) | 0 | | (2,161,000) | | | | |
Recoveries | | 7,000 | 10,000 | | 16,000 | | | | |
Balance | | 2,323,000 | 4,484,000 | | 2,323,000 | | | | |
Provisions | | (7,000) | 1,056,000 | | 1,050,000 | | | | |
Owner Occupied Real Estate [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | 6,261,000 | 5,963,000 | 6,166,000 | 2,908,000 | 5,963,000 | 6,261,000 | 2,908,000 | | 3,158,000 |
Total loans receivable | 557,496,000 | | | | | 557,496,000 | | | 526,570,000 |
Individually evaluated for impairment | | | 323,000 | | | | | | |
Collectively evaluated for impairment | | | 5,843,000 | | | | | | |
Balance | 5,963,000 | 6,166,000 | 3,158,000 | 2,440,000 | 3,158,000 | 3,158,000 | 2,374,000 | | |
Charge-offs | 0 | (787,000) | 0 | 0 | (787,000) | (787,000) | 0 | | |
Recoveries | 0 | 590,000 | 7,000 | 48,000 | 597,000 | 597,000 | 88,000 | | |
Balance | 6,261,000 | 5,963,000 | 6,166,000 | 2,908,000 | 5,963,000 | 6,261,000 | 2,908,000 | | |
Provisions | | (6,000) | (755,000) | | (761,000) | | | | |
Consumer Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | 740,000 | 691,000 | 728,000 | 652,000 | 691,000 | 740,000 | 652,000 | | 629,000 |
Total loans receivable | 95,618,000 | | | | | 95,618,000 | | | 83,487,000 |
Individually evaluated for impairment | | | 103,000 | | | | | | |
Collectively evaluated for impairment | | | 625,000 | | | | | | |
Balance | 691,000 | 728,000 | 629,000 | 717,000 | 629,000 | 629,000 | 723,000 | | |
Charge-offs | (27,000) | (115,000) | (67,000) | (1,000) | (182,000) | (209,000) | (48,000) | | |
Recoveries | 22,000 | 80,000 | 0 | 149,000 | 81,000 | 102,000 | 201,000 | | |
Balance | 740,000 | 691,000 | 728,000 | 652,000 | 691,000 | 740,000 | 652,000 | | |
Provisions | | (2,000) | 128,000 | | 125,000 | | | | |
Residential Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | 9,569,000 | 6,957,000 | 5,620,000 | 4,552,000 | 6,957,000 | 9,569,000 | 4,552,000 | | 4,922,000 |
Total loans receivable | 954,679,000 | | | | | 954,679,000 | | | 536,332,000 |
Individually evaluated for impairment | | | 0 | | | | | | |
Collectively evaluated for impairment | | | 5,620,000 | | | | | | |
Balance | 6,957,000 | 5,620,000 | 4,922,000 | 4,270,000 | 4,922,000 | 4,922,000 | 3,025,000 | | |
Charge-offs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | |
Recoveries | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | |
Balance | 9,569,000 | 6,957,000 | 5,620,000 | 4,552,000 | 6,957,000 | 9,569,000 | 4,552,000 | | |
Provisions | | 1,337,000 | 399,000 | | 1,736,000 | | | | |
Paycheck Protection Program CARES Act [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | 0 | 0 | | 0 | | | | 0 |
Total loans receivable | 10,787,000 | | | | | 10,787,000 | | | 119,039,000 |
Individually evaluated for impairment | | | 0 | | | | | | |
Collectively evaluated for impairment | | | 0 | | | | | | |
Balance | 0 | 0 | 0 | | 0 | 0 | | | |
Charge-offs | | 0 | | | 0 | | | | |
Recoveries | | 0 | | | 0 | | | | |
Balance | | 0 | 0 | | 0 | | | | |
Provisions | | 0 | | | 0 | | | | |
Unallocated Financing Receivables [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | 0 | 0 | 0 | 136,000 | 0 | 0 | 136,000 | | 53,000 |
Individually evaluated for impairment | | | 0 | | | | | | |
Collectively evaluated for impairment | | | 0 | | | | | | |
Balance | 0 | 0 | 53,000 | 128,000 | 53,000 | 53,000 | 144,000 | | |
Charge-offs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | |
Recoveries | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | |
Balance | 0 | 0 | 0 | $ 136,000 | 0 | 0 | $ 136,000 | | |
Provisions | | 0 | 0 | | 0 | | | | |
Cumulative Effect, Period of Adoption, Adjustment [Member] | | | | | | | | | |
Total Shareholders' Equity | | | | | | | | | (3,617,000) |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Balance | | | (3,617,000) | | (3,617,000) | (3,617,000) | | | |
Total ACL on Loans | | | | | | | | | 4,240,000 |
Balance | | | 4,240,000 | | 4,240,000 | 4,240,000 | | | |
Total Shareholders' Equity | | | | | | | | | (3,617,000) |
Cumulative Effect, Period of Adoption, Adjustment [Member] | Retained Earnings [Member] | | | | | | | | | |
Total Shareholders' Equity | | | | | | | | | (3,617,000) |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Balance | | | (3,617,000) | | (3,617,000) | (3,617,000) | | | |
Total Shareholders' Equity | | | | | | | | | (3,617,000) |
Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial Real Estate Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | (1,465,000) |
Balance | | | (1,465,000) | | (1,465,000) | (1,465,000) | | | |
Cumulative Effect, Period of Adoption, Adjustment [Member] | Construction and Land Development Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 1,103,000 |
Balance | | | 1,103,000 | | 1,103,000 | 1,103,000 | | | |
Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial and Industrial [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 562,000 |
Balance | | | 562,000 | | 562,000 | 562,000 | | | |
Cumulative Effect, Period of Adoption, Adjustment [Member] | Owner Occupied Real Estate [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 3,756,000 |
Balance | | | 3,756,000 | | 3,756,000 | 3,756,000 | | | |
Cumulative Effect, Period of Adoption, Adjustment [Member] | Consumer Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 38,000 |
Balance | | | 38,000 | | 38,000 | 38,000 | | | |
Cumulative Effect, Period of Adoption, Adjustment [Member] | Residential Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 299,000 |
Balance | | | 299,000 | | 299,000 | 299,000 | | | |
Cumulative Effect, Period of Adoption, Adjustment [Member] | Paycheck Protection Program CARES Act [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 0 |
Balance | | | 0 | | 0 | 0 | | | |
Cumulative Effect, Period of Adoption, Adjustment [Member] | Unallocated Financing Receivables [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | (53,000) |
Balance | | | (53,000) | | (53,000) | (53,000) | | | |
Previously Reported [Member] | | | | | | | | | |
Loans receivable (net of allowance for credit losses) | | 2,731,556,000 | 2,534,653,000 | | 2,731,556,000 | | | $ 2,514,123,000 | |
Other assets | | 72,283,000 | | | 72,283,000 | | | | |
Total Assets | | 5,856,882,000 | | | 5,856,882,000 | | | | |
Other liabilities | | 22,954,000 | | | 22,954,000 | | | | |
Total Liabilities | | 5,621,959,000 | | | 5,621,959,000 | | | | |
Retained earnings | | 20,474,000 | | | 20,474,000 | | | | |
Total Shareholders' Equity | | 234,923,000 | 277,013,000 | | 234,923,000 | | | | 324,242,000 |
Total Liabilities and Shareholders' Equity | | 5,856,882,000 | | | 5,856,882,000 | | | | |
Provision for credit losses | | (380,000) | 620,000 | | 240,000 | | | | |
Net interest income after provision for credit losses | | 38,780,000 | 35,520,000 | | 74,300,000 | | | | |
Legal | | 6,859,000 | 467,000 | | | | | | |
Total non-interest expense | | 37,787,000 | 31,658,000 | | | | | | |
Net income before provision for income taxes | | 5,866,000 | 8,209,000 | | 14,075,000 | | | | |
Provision for income taxes | | 1,368,000 | 2,090,000 | | 3,458,000 | | | | |
Net income | | 4,498,000 | 6,119,000 | | 10,617,000 | | | | |
Net income available to common shareholders | | $ 3,854,000 | $ 5,253,000 | | $ 9,107,000 | | | | |
Basic earnings per common share (in dollars per share) | $ / shares | | $ 0.06 | $ 0.09 | | $ 0.15 | | | | |
Diluted earnings per common share (in dollars per share) | $ / shares | | $ 0.06 | $ 0.08 | | $ 0.14 | | | | |
Total comprehensive (loss) income | | $ (41,998,000) | $ (45,043,000) | | $ (87,041,000) | | | | |
Cash flows from operating activities | | | | | | | | | |
Net income | | 4,498,000 | 6,119,000 | | 10,617,000 | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Provision for credit losses | | (380,000) | 620,000 | | 240,000 | | | | |
Increase in accrued interest receivable and other assets | | | (1,188,000) | | (2,435,000) | | | | |
Net increase (decrease) in accrued interest payable and other liabilities | | | 2,320,000 | | | | | | |
Net cash provided by operating activities | | | 16,582,000 | | 27,418,000 | | | | |
Balance | 234,923,000 | 277,013,000 | 324,242,000 | | 324,242,000 | 324,242,000 | | | |
Net income | | 4,498,000 | 6,119,000 | | 10,617,000 | | | | |
Balance | | 234,923,000 | 277,013,000 | | 234,923,000 | | | | |
Loans receivable (net of allowance for credit losses) | | 2,731,556,000 | 2,534,653,000 | | 2,731,556,000 | | | 2,514,123,000 | |
Total ACL on Loans | | 19,127,000 | 22,514,000 | | 19,127,000 | | | 21,944,000 | 18,964,000 |
ACL on off-balance sheet commitments | | | | | | | | 0 | |
Tax effect | | | | | | | | | |
Shareholders' equity: | | | | | | | | | |
Total loans receivable | | 2,754,394,000 | 2,562,068,000 | | 2,754,394,000 | | | | |
Deferred costs (fees) | | (3,711,000) | (4,901,000) | | (3,711,000) | | | | |
Individually evaluated for impairment | | | 3,609,000 | | | | | | |
Collectively evaluated for impairment | | | 18,905,000 | | | | | | |
Balance | 19,127,000 | 22,514,000 | 18,964,000 | | 18,964,000 | 18,964,000 | | | |
Charge-offs | | (3,684,000) | (67,000) | | (3,751,000) | | | | |
Recoveries | | 677,000 | 17,000 | | 694,000 | | | | |
Balance | | 19,127,000 | 22,514,000 | | 19,127,000 | | | | |
Other assets | | 72,283,000 | | | 72,283,000 | | | | |
Total Assets | | 5,856,882,000 | | | 5,856,882,000 | | | | |
Other liabilities | | 22,954,000 | | | 22,954,000 | | | | |
Total Liabilities | | 5,621,959,000 | | | 5,621,959,000 | | | | |
Retained earnings | | 20,474,000 | | | 20,474,000 | | | | |
Total Shareholders' Equity | | 234,923,000 | 277,013,000 | | 234,923,000 | | | | 324,242,000 |
Total Liabilities and Shareholders' Equity | | 5,856,882,000 | | | 5,856,882,000 | | | | |
Net interest income after provision for credit losses | | 38,780,000 | 35,520,000 | | 74,300,000 | | | | |
Legal | | 6,859,000 | 467,000 | | | | | | |
Total non-interest expense | | 37,787,000 | 31,658,000 | | | | | | |
Net income before provision for income taxes | | 5,866,000 | 8,209,000 | | 14,075,000 | | | | |
Provision for income taxes | | 1,368,000 | 2,090,000 | | 3,458,000 | | | | |
Net income available to common shareholders | | $ 3,854,000 | $ 5,253,000 | | $ 9,107,000 | | | | |
Basic earnings per common share (in dollars per share) | $ / shares | | $ 0.06 | $ 0.09 | | $ 0.15 | | | | |
Diluted earnings per common share (in dollars per share) | $ / shares | | $ 0.06 | $ 0.08 | | $ 0.14 | | | | |
Total comprehensive (loss) income | | $ (41,998,000) | $ (45,043,000) | | $ (87,041,000) | | | | |
Increase in accrued interest receivable and other assets | | | (1,188,000) | | (2,435,000) | | | | |
Previously Reported [Member] | Retained Earnings [Member] | | | | | | | | | |
Total Shareholders' Equity | | 20,474,000 | 16,620,000 | | 20,474,000 | | | | 13,591,000 |
Net income | | 4,489,000 | 6,119,000 | | 6,119,000 | | | | |
Cash flows from operating activities | | | | | | | | | |
Net income | | 4,489,000 | 6,119,000 | | 6,119,000 | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Balance | 20,474,000 | 16,620,000 | 13,591,000 | | 13,591,000 | 13,591,000 | | | |
Net income | | 4,489,000 | 6,119,000 | | 6,119,000 | | | | |
Balance | | 20,474,000 | 16,620,000 | | 20,474,000 | | | | |
Total Shareholders' Equity | | $ 20,474,000 | $ 16,620,000 | | $ 20,474,000 | | | | 13,591,000 |
Previously Reported [Member] | Republic [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total risk based capital | | 0.1081 | 0.1125 | | 0.1081 | | | | |
Tier one risk based capital | | 0.1024 | 0.1054 | | 0.1024 | | | | |
CET 1 risk based capital | | 0.1024 | 0.1054 | | 0.1024 | | | | |
Tier one leveraged capital | | 0.0583 | 0.0583 | | 0.0583 | | | | |
Previously Reported [Member] | Company [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total risk based capital | | 0.1097 | 0.1161 | | 0.1097 | | | | |
Tier one risk based capital | | 0.1040 | 0.1090 | | 0.1040 | | | | |
CET 1 risk based capital | | 0.0903 | 0.0945 | | 0.0903 | | | | |
Tier one leveraged capital | | 0.0594 | 0.0604 | | 0.0594 | | | | |
Previously Reported [Member] | Commercial Real Estate Portfolio Segment [Member] | | | | | | | | | |
Provision for credit losses | | $ 104,000 | $ (522,000) | | $ (418,000) | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Provision for credit losses | | 104,000 | (522,000) | | (418,000) | | | | |
Total ACL on Loans | | 4,853,000 | 5,370,000 | | 4,853,000 | | | 5,892,000 | 5,802,000 |
Individually evaluated for impairment | | | 915,000 | | | | | | |
Collectively evaluated for impairment | | | 4,455,000 | | | | | | |
Balance | 4,853,000 | 5,370,000 | 5,802,000 | | 5,802,000 | 5,802,000 | | | |
Charge-offs | | (621,000) | 0 | | (621,000) | | | | |
Recoveries | | 0 | 0 | | 0 | | | | |
Balance | | 4,853,000 | 5,370,000 | | 4,853,000 | | | | |
Previously Reported [Member] | Construction and Land Development Portfolio Segment [Member] | | | | | | | | | |
Provision for credit losses | | (472,000) | (573,000) | | (1,045,000) | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Provision for credit losses | | (472,000) | (573,000) | | (1,045,000) | | | | |
Total ACL on Loans | | 796,000 | 1,268,000 | | 796,000 | | | 1,841,000 | 1,544,000 |
Individually evaluated for impairment | | | 0 | | | | | | |
Collectively evaluated for impairment | | | 1,268,000 | | | | | | |
Balance | 796,000 | 1,268,000 | 1,544,000 | | 1,544,000 | 1,544,000 | | | |
Charge-offs | | 0 | 0 | | 0 | | | | |
Recoveries | | 0 | 0 | | 0 | | | | |
Balance | | 796,000 | 1,268,000 | | 796,000 | | | | |
Previously Reported [Member] | Commercial and Industrial [Member] | | | | | | | | | |
Provision for credit losses | | (147,000) | 1,119,000 | | 973,000 | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Provision for credit losses | | (147,000) | 1,119,000 | | 973,000 | | | | |
Total ACL on Loans | | 1,144,000 | 3,445,000 | | 1,144,000 | | | 2,316,000 | 2,856,000 |
Individually evaluated for impairment | | | 2,268,000 | | | | | | |
Collectively evaluated for impairment | | | 1,177,000 | | | | | | |
Balance | 1,144,000 | 3,445,000 | 2,856,000 | | 2,856,000 | 2,856,000 | | | |
Charge-offs | | (2,161,000) | 0 | | (2,161,000) | | | | |
Recoveries | | 7,000 | 10,000 | | 16,000 | | | | |
Balance | | 1,144,000 | 3,445,000 | | 1,144,000 | | | | |
Previously Reported [Member] | Owner Occupied Real Estate [Member] | | | | | | | | | |
Provision for credit losses | | (448,000) | (430,000) | | (878,000) | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Provision for credit losses | | (448,000) | (430,000) | | (878,000) | | | | |
Total ACL on Loans | | 4,139,000 | 4,784,000 | | 4,139,000 | | | 5,207,000 | 3,158,000 |
Individually evaluated for impairment | | | 323,000 | | | | | | |
Collectively evaluated for impairment | | | 4,461,000 | | | | | | |
Balance | 4,139,000 | 4,784,000 | 3,158,000 | | 3,158,000 | 3,158,000 | | | |
Charge-offs | | (787,000) | 0 | | (787,000) | | | | |
Recoveries | | 590,000 | 7,000 | | 597,000 | | | | |
Balance | | 4,139,000 | 4,784,000 | | 4,139,000 | | | | |
Previously Reported [Member] | Consumer Portfolio Segment [Member] | | | | | | | | | |
Provision for credit losses | | (164,000) | 322,000 | | 157,000 | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Provision for credit losses | | (164,000) | 322,000 | | 157,000 | | | | |
Total ACL on Loans | | 719,000 | 918,000 | | 719,000 | | | 663,000 | 629,000 |
Individually evaluated for impairment | | | 103,000 | | | | | | |
Collectively evaluated for impairment | | | 815,000 | | | | | | |
Balance | 719,000 | 918,000 | 629,000 | | 629,000 | 629,000 | | | |
Charge-offs | | (115,000) | (67,000) | | (182,000) | | | | |
Recoveries | | 80,000 | 0 | | 81,000 | | | | |
Balance | | 719,000 | 918,000 | | 719,000 | | | | |
Previously Reported [Member] | Residential Portfolio Segment [Member] | | | | | | | | | |
Provision for credit losses | | 747,000 | 704,000 | | 1,451,000 | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Provision for credit losses | | 747,000 | 704,000 | | 1,451,000 | | | | |
Total ACL on Loans | | 7,476,000 | 6,729,000 | | 7,476,000 | | | | 4,922,000 |
Individually evaluated for impairment | | | 0 | | | | | | |
Collectively evaluated for impairment | | | 6,729,000 | | | | | | |
Balance | 7,476,000 | 6,729,000 | 4,922,000 | | 4,922,000 | 4,922,000 | | | |
Charge-offs | | 0 | 0 | | 0 | | | | |
Recoveries | | 0 | 0 | | 0 | | | | |
Balance | | 7,476,000 | 6,729,000 | | 7,476,000 | | | | |
Previously Reported [Member] | Paycheck Protection Program CARES Act [Member] | | | | | | | | | |
Provision for credit losses | | 0 | 0 | | 0 | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Provision for credit losses | | 0 | 0 | | 0 | | | | |
Total ACL on Loans | | 0 | 0 | | 0 | | | | 0 |
Individually evaluated for impairment | | | 0 | | | | | | |
Collectively evaluated for impairment | | | 0 | | | | | | |
Balance | 0 | 0 | 0 | | 0 | 0 | | | |
Charge-offs | | 0 | 0 | | 0 | | | | |
Recoveries | | 0 | 0 | | 0 | | | | |
Balance | | 0 | 0 | | 0 | | | | |
Previously Reported [Member] | Unallocated Financing Receivables [Member] | | | | | | | | | |
Provision for credit losses | | 0 | 0 | | 0 | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Provision for credit losses | | 0 | 0 | | 0 | | | | |
Total ACL on Loans | | 0 | 0 | | 0 | | | 0 | 53,000 |
Individually evaluated for impairment | | | 0 | | | | | | |
Collectively evaluated for impairment | | | 0 | | | | | | |
Balance | 0 | 0 | 53,000 | | 53,000 | 53,000 | | | |
Charge-offs | | 0 | 0 | | 0 | | | | |
Recoveries | | 0 | 0 | | 0 | | | | |
Balance | | 0 | 0 | | 0 | | | | |
Previously Reported [Member] | Residential Mortgage Lending [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 6,025,000 | |
Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | | | | | | | | | |
Total Shareholders' Equity | | | | | | | | | (2,224,000) |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Balance | | | (2,224,000) | | (2,224,000) | (2,224,000) | | | |
Total ACL on Loans | | | | | | | | | 2,980,000 |
Balance | | | 2,980,000 | | 2,980,000 | 2,980,000 | | | |
Total Shareholders' Equity | | | | | | | | | (2,224,000) |
Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Retained Earnings [Member] | | | | | | | | | |
Total Shareholders' Equity | | | | | | | | | (2,224,000) |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Balance | | | (2,224,000) | | (2,224,000) | (2,224,000) | | | |
Total Shareholders' Equity | | | | | | | | | (2,224,000) |
Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial Real Estate Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 90,000 |
Balance | | | 90,000 | | 90,000 | 90,000 | | | |
Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Construction and Land Development Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 297,000 |
Balance | | | 297,000 | | 297,000 | 297,000 | | | |
Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial and Industrial [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | (540,000) |
Balance | | | (540,000) | | (540,000) | (540,000) | | | |
Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Owner Occupied Real Estate [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 2,049,000 |
Balance | | | 2,049,000 | | 2,049,000 | 2,049,000 | | | |
Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Consumer Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 34,000 |
Balance | | | 34,000 | | 34,000 | 34,000 | | | |
Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Residential Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 1,103,000 |
Balance | | | 1,103,000 | | 1,103,000 | 1,103,000 | | | |
Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Paycheck Protection Program CARES Act [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 0 |
Balance | | | 0 | | 0 | 0 | | | |
Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Unallocated Financing Receivables [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | (53,000) |
Balance | | | (53,000) | | (53,000) | (53,000) | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | | | | | | | | | |
Loans receivable (net of allowance for credit losses) | | (1,870,000) | (642,000) | | (1,870,000) | | | 0 | |
Other assets | | 593,000 | | | 593,000 | | | | |
Total Assets | | (1,277,000) | | | (1,277,000) | | | | |
Other liabilities | | 505,000 | | | 505,000 | | | | |
Total Liabilities | | 505,000 | | | 505,000 | | | | |
Retained earnings | | (1,782,000) | | | (1,782,000) | | | 3,600,000 | |
Total Shareholders' Equity | | (1,782,000) | | | (1,782,000) | | | | |
Total Liabilities and Shareholders' Equity | | (1,277,000) | | | (1,277,000) | | | | |
Provision for credit losses | | 1,210,000 | (692,000) | | 518,000 | | | | |
Net interest income after provision for credit losses | | (1,210,000) | 692,000 | | (518,000) | | | | |
Legal | | (537,000) | 537,000 | | | | | | |
Total non-interest expense | | (537,000) | 537,000 | | | | | | |
Net income before provision for income taxes | | (673,000) | 155,000 | | (518,000) | | | | |
Provision for income taxes | | (168,000) | 39,000 | | (129,000) | | | | |
Net income | | (505,000) | 116,000 | | (389,000) | | | | |
Net income available to common shareholders | | $ (505,000) | $ 116,000 | | $ (389,000) | | | | |
Basic earnings per common share (in dollars per share) | $ / shares | | $ (0.01) | $ 0 | | $ (0.01) | | | | |
Diluted earnings per common share (in dollars per share) | $ / shares | | $ (0.01) | $ 0 | | $ (0.01) | | | | |
Total comprehensive (loss) income | | $ (505,000) | $ 116,000 | | $ (389,000) | | | | |
Cash flows from operating activities | | | | | | | | | |
Net income | | (505,000) | 116,000 | | (389,000) | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Provision for credit losses | | 1,210,000 | (692,000) | | 518,000 | | | | |
Increase in accrued interest receivable and other assets | | | 39,000 | | (129,000) | | | | |
Net increase (decrease) in accrued interest payable and other liabilities | | | 537,000 | | | | | | |
Net cash provided by operating activities | | | 0 | | 0 | | | | |
Balance | (1,782,000) | | | | | | | | |
Net income | | (505,000) | 116,000 | | (389,000) | | | | |
Balance | | (1,782,000) | | | (1,782,000) | | | | |
Loans receivable (net of allowance for credit losses) | | (1,870,000) | (642,000) | | (1,870,000) | | | 0 | |
Total ACL on Loans | | 1,870,000 | 642,000 | | 1,870,000 | | | 1,260,000 | 0 |
ACL on off-balance sheet commitments | | | | | | | | 597,000 | |
Tax effect | | | | | | | | 464,000 | |
Shareholders' equity: | | | | | | | | 1,393,000 | |
Total loans receivable | | 0 | 0 | | 0 | | | | |
Deferred costs (fees) | | 0 | 0 | | 0 | | | | |
Individually evaluated for impairment | | | 0 | | | | | | |
Collectively evaluated for impairment | | | 642,000 | | | | | | |
Balance | 1,870,000 | 642,000 | 0 | | 0 | 0 | | | |
Charge-offs | | 0 | 0 | | 0 | | | | |
Recoveries | | 0 | 0 | | 0 | | | | |
Balance | | 1,870,000 | 642,000 | | 1,870,000 | | | | |
Provisions | | 1,228,000 | (618,000) | | 610,000 | | | | |
Other assets | | 593,000 | | | 593,000 | | | | |
Total Assets | | (1,277,000) | | | (1,277,000) | | | | |
Other liabilities | | 505,000 | | | 505,000 | | | | |
Total Liabilities | | 505,000 | | | 505,000 | | | | |
Retained earnings | | (1,782,000) | | | (1,782,000) | | | 3,600,000 | |
Total Shareholders' Equity | | (1,782,000) | | | (1,782,000) | | | | |
Total Liabilities and Shareholders' Equity | | (1,277,000) | | | (1,277,000) | | | | |
Net interest income after provision for credit losses | | (1,210,000) | 692,000 | | (518,000) | | | | |
Legal | | (537,000) | 537,000 | | | | | | |
Total non-interest expense | | (537,000) | 537,000 | | | | | | |
Net income before provision for income taxes | | (673,000) | 155,000 | | (518,000) | | | | |
Provision for income taxes | | (168,000) | 39,000 | | (129,000) | | | | |
Net income available to common shareholders | | $ (505,000) | $ 116,000 | | $ (389,000) | | | | |
Basic earnings per common share (in dollars per share) | $ / shares | | $ (0.01) | $ 0 | | $ (0.01) | | | | |
Diluted earnings per common share (in dollars per share) | $ / shares | | $ (0.01) | $ 0 | | $ (0.01) | | | | |
Total comprehensive (loss) income | | $ (505,000) | $ 116,000 | | $ (389,000) | | | | |
Increase in accrued interest receivable and other assets | | | $ 39,000 | | $ (129,000) | | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Republic [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total risk based capital | | 0 | (0.0002) | | 0 | | | | |
Tier one risk based capital | | (0.0006) | (0.0004) | | (0.0006) | | | | |
CET 1 risk based capital | | (0.0006) | (0.0004) | | (0.0006) | | | | |
Tier one leveraged capital | | (0.0003) | (0.0002) | | (0.0003) | | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Company [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total risk based capital | | 0 | (0.0002) | | 0 | | | | |
Tier one risk based capital | | (0.0005) | (0.0004) | | (0.0005) | | | | |
CET 1 risk based capital | | (0.0005) | (0.0004) | | (0.0005) | | | | |
Tier one leveraged capital | | (0.0003) | (0.0002) | | (0.0003) | | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Commercial Real Estate Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | $ (1,312,000) | $ (1,322,000) | | $ (1,312,000) | | | (1,555,000) | 0 |
Individually evaluated for impairment | | | 0 | | | | | | |
Collectively evaluated for impairment | | | (1,322,000) | | | | | | |
Balance | (1,312,000) | (1,322,000) | 0 | | 0 | 0 | | | |
Charge-offs | | 0 | 0 | | 0 | | | | |
Recoveries | | 0 | 0 | | 0 | | | | |
Balance | | (1,312,000) | (1,322,000) | | (1,312,000) | | | | |
Provisions | | 10,000 | 233,000 | | 243,000 | | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Construction and Land Development Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | 726,000 | 842,000 | | 726,000 | | | 806,000 | 0 |
Individually evaluated for impairment | | | 0 | | | | | | |
Collectively evaluated for impairment | | | 842,000 | | | | | | |
Balance | 726,000 | 842,000 | 0 | | 0 | 0 | | | |
Charge-offs | | 0 | 0 | | 0 | | | | |
Recoveries | | 0 | 0 | | 0 | | | | |
Balance | | 726,000 | 842,000 | | 726,000 | | | | |
Provisions | | (116,000) | 36,000 | | (80,000) | | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Commercial and Industrial [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | 1,179,000 | 1,039,000 | | 1,179,000 | | | 1,102,000 | 0 |
Individually evaluated for impairment | | | 0 | | | | | | |
Collectively evaluated for impairment | | | 1,039,000 | | | | | | |
Balance | 1,179,000 | 1,039,000 | 0 | | 0 | 0 | | | |
Charge-offs | | 0 | 0 | | 0 | | | | |
Recoveries | | 0 | 0 | | 0 | | | | |
Balance | | 1,179,000 | 1,039,000 | | 1,179,000 | | | | |
Provisions | | 140,000 | (63,000) | | 77,000 | | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Owner Occupied Real Estate [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | 1,824,000 | 1,382,000 | | 1,824,000 | | | 1,707,000 | 0 |
Individually evaluated for impairment | | | 0 | | | | | | |
Collectively evaluated for impairment | | | 1,382,000 | | | | | | |
Balance | 1,824,000 | 1,382,000 | 0 | | 0 | 0 | | | |
Charge-offs | | 0 | 0 | | 0 | | | | |
Recoveries | | 0 | 0 | | 0 | | | | |
Balance | | 1,824,000 | 1,382,000 | | 1,824,000 | | | | |
Provisions | | 442,000 | (325,000) | | 117,000 | | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Consumer Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | (28,000) | (190,000) | | (28,000) | | | 4,000 | 0 |
Individually evaluated for impairment | | | 0 | | | | | | |
Collectively evaluated for impairment | | | (190,000) | | | | | | |
Balance | (28,000) | (190,000) | 0 | | 0 | 0 | | | |
Charge-offs | | 0 | 0 | | 0 | | | | |
Recoveries | | 0 | 0 | | 0 | | | | |
Balance | | (28,000) | (190,000) | | (28,000) | | | | |
Provisions | | 162,000 | (194,000) | | (32,000) | | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Residential Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | (519,000) | (1,109,000) | | (519,000) | | | | 0 |
Individually evaluated for impairment | | | 0 | | | | | | |
Collectively evaluated for impairment | | | (1,109,000) | | | | | | |
Balance | (519,000) | (1,109,000) | 0 | | 0 | 0 | | | |
Charge-offs | | 0 | 0 | | 0 | | | | |
Recoveries | | 0 | 0 | | 0 | | | | |
Balance | | (519,000) | (1,109,000) | | (519,000) | | | | |
Provisions | | 590,000 | (305,000) | | 285,000 | | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Paycheck Protection Program CARES Act [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | 0 | 0 | | 0 | | | | 0 |
Individually evaluated for impairment | | | 0 | | | | | | |
Collectively evaluated for impairment | | | 0 | | | | | | |
Balance | 0 | 0 | 0 | | 0 | 0 | | | |
Charge-offs | | 0 | | | 0 | | | | |
Recoveries | | 0 | | | 0 | | | | |
Balance | | 0 | 0 | | 0 | | | | |
Provisions | | 0 | | | 0 | | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Unallocated Financing Receivables [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | 0 | 0 | | 0 | | | 0 | 0 |
Individually evaluated for impairment | | | 0 | | | | | | |
Collectively evaluated for impairment | | | 0 | | | | | | |
Balance | 0 | 0 | 0 | | 0 | 0 | | | |
Charge-offs | | 0 | | | 0 | | | | |
Recoveries | | 0 | | | 0 | | | | |
Balance | | 0 | 0 | | 0 | | | | |
Provisions | | 0 | | | 0 | | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Residential Mortgage Lending [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | (804,000) | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 1,260,000 |
Balance | | | 1,260,000 | | 1,260,000 | 1,260,000 | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial Real Estate Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | (1,555,000) |
Balance | | | (1,555,000) | | (1,555,000) | (1,555,000) | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Construction and Land Development Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 806,000 |
Balance | | | 806,000 | | 806,000 | 806,000 | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial and Industrial [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 1,102,000 |
Balance | | | 1,102,000 | | 1,102,000 | 1,102,000 | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Owner Occupied Real Estate [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 1,707,000 |
Balance | | | 1,707,000 | | 1,707,000 | 1,707,000 | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Consumer Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 4,000 |
Balance | | | 4,000 | | 4,000 | 4,000 | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Residential Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | (804,000) |
Balance | | | (804,000) | | (804,000) | (804,000) | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Paycheck Protection Program CARES Act [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 0 |
Balance | | | 0 | | 0 | 0 | | | |
Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Unallocated Financing Receivables [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | | 0 |
Balance | | | 0 | | 0 | 0 | | | |
Pre-ASC 326 Adoption [Member] | | | | | | | | | |
Loans receivable (net of allowance for credit losses) | | | | | | | | 2,514,123,000 | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Loans receivable (net of allowance for credit losses) | | | | | | | | 2,514,123,000 | |
Total ACL on Loans | | | | | | | | 18,964,000 | |
ACL on off-balance sheet commitments | | | | | | | | 0 | |
Tax effect | | | | | | | | | |
Shareholders' equity: | | | | | | | | | |
Pre-ASC 326 Adoption [Member] | Commercial Real Estate Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 5,802,000 | |
Pre-ASC 326 Adoption [Member] | Construction and Land Development Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 1,544,000 | |
Pre-ASC 326 Adoption [Member] | Commercial and Industrial [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 2,856,000 | |
Pre-ASC 326 Adoption [Member] | Owner Occupied Real Estate [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 3,158,000 | |
Pre-ASC 326 Adoption [Member] | Consumer Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 629,000 | |
Pre-ASC 326 Adoption [Member] | Unallocated Financing Receivables [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 53,000 | |
Pre-ASC 326 Adoption [Member] | Residential Mortgage Lending [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 4,922,000 | |
As Adjusted [Member] | | | | | | | | | |
Loans receivable (net of allowance for credit losses) | | | | | | | | 2,514,123,000 | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Loans receivable (net of allowance for credit losses) | | | | | | | | 2,514,123,000 | |
Total ACL on Loans | | | | | | | | 23,204,000 | |
ACL on off-balance sheet commitments | | | | | | | | 597,000 | |
Tax effect | | | | | | | | | |
Shareholders' equity: | | | | | | | | | |
As Adjusted [Member] | Commercial Real Estate Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 4,337,000 | |
As Adjusted [Member] | Construction and Land Development Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 2,647,000 | |
As Adjusted [Member] | Commercial and Industrial [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 3,418,000 | |
As Adjusted [Member] | Owner Occupied Real Estate [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 6,914,000 | |
As Adjusted [Member] | Consumer Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 667,000 | |
As Adjusted [Member] | Unallocated Financing Receivables [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 0 | |
As Adjusted [Member] | Residential Mortgage Lending [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 5,221,000 | |
Revision of Prior Period, Adjustment [Member] | | | | | | | | | |
Total Shareholders' Equity | | (1,782,000) | (1,277,000) | | (1,782,000) | | | | 0 |
Net income | | (505,000) | 116,000 | | (389,000) | | | | |
Cash flows from operating activities | | | | | | | | | |
Net income | | (505,000) | 116,000 | | (389,000) | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Balance | $ (1,782,000) | (1,277,000) | 0 | | 0 | 0 | | | |
Net income | | (505,000) | 116,000 | | (389,000) | | | | |
Balance | | (1,782,000) | (1,277,000) | | (1,782,000) | | | | |
Total Shareholders' Equity | | (1,782,000) | (1,277,000) | | (1,782,000) | | | | 0 |
Revision of Prior Period, Adjustment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | | | | | | | | | |
Total Shareholders' Equity | | | | | | | | | (1,393,000) |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Balance | | | (1,393,000) | | $ (1,393,000) | $ (1,393,000) | | | |
Total Shareholders' Equity | | | | | | | | | $ (1,393,000) |
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | | | | | | | | | |
Loans receivable (net of allowance for credit losses) | | | | | | | | 0 | |
Retained earnings | | | | | | | | (3,600,000) | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Loans receivable (net of allowance for credit losses) | | | | | | | | 0 | |
Total ACL on Loans | | | | | | | | 4,240,000 | |
ACL on off-balance sheet commitments | | | | | | | | 597,000 | |
Tax effect | | | | | | | | 1,220,000 | |
Shareholders' equity: | | | | | | | | 3,617,000 | |
Retained earnings | | | | | | | | (3,600,000) | |
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial Real Estate Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | (1,465,000) | |
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Construction and Land Development Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 1,103,000 | |
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial and Industrial [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 562,000 | |
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Owner Occupied Real Estate [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 3,756,000 | |
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Consumer Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 38,000 | |
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Unallocated Financing Receivables [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | (53,000) | |
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Residential Mortgage Lending [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 299,000 | |
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member] | | | | | | | | | |
Loans receivable (net of allowance for credit losses) | | | 2,534,653,000 | | | | | | |
Other assets | | | 56,008,000 | | | | | | |
Total Assets | | | 5,700,682,000 | | | | | | |
Other liabilities | | | 18,767,000 | | | | | | |
Total Liabilities | | | 5,423,669,000 | | | | | | |
Retained earnings | | | 16,620,000 | | | | | 2,200,000 | |
Total Shareholders' Equity | | | 277,013,000 | | | | | | |
Total Liabilities and Shareholders' Equity | | | 5,700,682,000 | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Balance | | 277,013,000 | | | | | | | |
Balance | | | 277,013,000 | | | | | | |
Loans receivable (net of allowance for credit losses) | | | 2,534,653,000 | | | | | | |
Total ACL on Loans | | | | | | | | 3,000,000 | |
Other assets | | | 56,008,000 | | | | | | |
Total Assets | | | 5,700,682,000 | | | | | | |
Other liabilities | | | 18,767,000 | | | | | | |
Total Liabilities | | | 5,423,669,000 | | | | | | |
Retained earnings | | | 16,620,000 | | | | | 2,200,000 | |
Total Shareholders' Equity | | | 277,013,000 | | | | | | |
Total Liabilities and Shareholders' Equity | | | 5,700,682,000 | | | | | | |
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | | | | | | | | | |
Loans receivable (net of allowance for credit losses) | | | | | | | | 0 | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Loans receivable (net of allowance for credit losses) | | | | | | | | 0 | |
Total ACL on Loans | | | | | | | | 2,980,000 | |
ACL on off-balance sheet commitments | | | | | | | | 0 | |
Tax effect | | | | | | | | 756,000 | |
Shareholders' equity: | | | | | | | | 2,224,000 | |
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial Real Estate Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 90,000 | |
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Construction and Land Development Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 297,000 | |
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial and Industrial [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | (540,000) | |
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Owner Occupied Real Estate [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 2,049,000 | |
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Consumer Portfolio Segment [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 34,000 | |
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Unallocated Financing Receivables [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | (53,000) | |
Accounting Standards Update 2016-13 [Member] | Previously Reported [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Residential Mortgage Lending [Member] | | | | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Total ACL on Loans | | | | | | | | 1,103,000 | |
Accounting Standards Update 2016-13 [Member] | Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | | | | | | | | | |
Loans receivable (net of allowance for credit losses) | | | (642,000) | | | | | | |
Other assets | | | 425,000 | | | | | | |
Total Assets | | | (217,000) | | | | | | |
Other liabilities | | | 1,060,000 | | | | | | |
Total Liabilities | | | 1,060,000 | | | | | | |
Retained earnings | | | (1,277,000) | | | | | | |
Total Shareholders' Equity | | | (1,277,000) | | | | | | |
Total Liabilities and Shareholders' Equity | | | (217,000) | | | | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | |
Balance | | $ (1,277,000) | | | | | | | |
Balance | | | (1,277,000) | | | | | | |
Loans receivable (net of allowance for credit losses) | | | (642,000) | | | | | | |
Total ACL on Loans | | | | | | | | $ 4,200,000 | |
Other assets | | | 425,000 | | | | | | |
Total Assets | | | (217,000) | | | | | | |
Other liabilities | | | 1,060,000 | | | | | | |
Total Liabilities | | | 1,060,000 | | | | | | |
Retained earnings | | | (1,277,000) | | | | | | |
Total Shareholders' Equity | | | (1,277,000) | | | | | | |
Total Liabilities and Shareholders' Equity | | | $ (217,000) | | | | | | |