Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2020 | Jul. 31, 2020 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0000835324 | |
Entity Registrant Name | Stock Yards Bancorp, Inc. | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2020 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2020 | |
Document Transition Report | false | |
Entity File Number | 1-13661 | |
Entity Incorporation, State or Country Code | KY | |
Entity Tax Identification Number | 61-1137529 | |
Entity Address, Address Line One | 1040 East Main Street | |
Entity Address, City or Town | Louisville | |
Entity Address, State or Province | KY | |
Entity Address, Postal Zip Code | 40206 | |
City Area Code | 502 | |
Local Phone Number | 582-2571 | |
Title of 12(b) Security | Common stock, no par value | |
Trading Symbol | SYBT | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Large Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 22,681,848 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 | ||
Assets | ||||
Cash and due from banks | $ 46,362 | $ 46,863 | ||
Federal funds sold and interest bearing due from banks | 178,032 | 202,861 | ||
Total cash and cash equivalents | 224,394 | 249,724 | ||
Mortgage loans held for sale | 17,364 | 8,748 | ||
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 485,249 | 470,738 | ||
Federal Home Loan Bank stock, at cost | 11,284 | 11,284 | ||
Loans | [1] | 3,464,077 | 2,845,016 | [2] |
Allowance for credit losses | 47,708 | 26,791 | [3] | |
Net loans | 3,416,369 | 2,818,225 | ||
Premises and equipment, net | 56,832 | 58,618 | ||
Bank owned life insurance | 32,912 | 32,557 | ||
Accrued interest receivable | 13,535 | 8,534 | ||
Goodwill | 12,513 | 12,513 | ||
Core deposit intangible | 2,122 | 2,285 | ||
Other assets | 61,959 | 50,971 | ||
Total assets | 4,334,533 | 3,724,197 | ||
Liabilities | ||||
Non-interest bearing | 1,205,253 | 810,475 | ||
Interest bearing | 2,521,903 | 2,323,463 | ||
Total deposits | 3,727,156 | 3,133,938 | ||
Securities sold under agreements to repurchase | 42,722 | 31,895 | ||
Federal funds purchased | 8,401 | 10,887 | ||
Federal Home Loan Bank advances | 61,432 | 79,953 | ||
Accrued interest payable | 471 | 640 | ||
Other liabilities | 74,120 | 60,587 | ||
Total liabilities | 3,914,302 | 3,317,900 | ||
Commitments and contingent liabilities (Footnote 10) | 0 | 0 | ||
Stockholders’ equity | ||||
Preferred stock, no par value. Authorized 1,000,000 shares; no shares issued or outstanding | 0 | 0 | ||
Common stock, no par value. Authorized 40,000,000 shares; issued and outstanding 22,667,000 and 22,604,000 shares in 2020 and 2019, respectively | 36,415 | 36,207 | ||
Additional paid-in capital | 39,425 | 35,714 | ||
Retained earnings | 335,575 | 333,699 | ||
Accumulated other comprehensive income | 8,816 | 677 | ||
Total stockholders’ equity | 420,231 | 406,297 | ||
Total liabilities and stockholders’ equity | $ 4,334,533 | $ 3,724,197 | ||
[1] | Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs | |||
[2] | Total loans are presented inclusive of premiums, discounts, and net loan origination fees and costs. | |||
[3] | The impact of the ASC 326 adoption on the ACL on loans reflects $8.2 million related to the transition from the incurred loss ACL model to the CECL ACL model and $1.6 million related to the transition from PCI to PCD methodology as defined in the standard. |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Available for sale debt securities, amortized cost | $ 472,797 | $ 469,313 |
Preferred stock, par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, no par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 40,000,000 | 40,000,000 |
Common stock, shares issued (in shares) | 22,667,000 | 22,604,000 |
Common stock, shares outstanding (in shares) | 22,667,000 | 22,604,000 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | ||
Interest income: | |||||
Loans, including fees | $ 34,099,000 | $ 33,447,000 | $ 67,848,000 | $ 65,018,000 | |
Federal funds sold and interest bearing due from banks | 88,000 | 830,000 | 619,000 | 1,563,000 | |
Mortgage loans held for sale | 125,000 | 43,000 | 186,000 | 80,000 | |
Securities available for sale: | |||||
Taxable | 2,136,000 | 2,546,000 | 4,602,000 | 5,114,000 | |
Tax-exempt | 58,000 | 130,000 | 133,000 | 277,000 | |
Total interest income | 36,506,000 | 36,996,000 | 73,388,000 | 72,052,000 | |
Interest expense: | |||||
Deposits | 2,607,000 | 5,652,000 | 6,569,000 | 10,718,000 | |
Securities sold under agreements to repurchase | 8,000 | 28,000 | 24,000 | 53,000 | |
Federal funds purchased and other short-term borrowing | 2,000 | 64,000 | 31,000 | 124,000 | |
Federal Home Loan Bank advances | 361,000 | 424,000 | 790,000 | 645,000 | |
Subordinated debentures | 0 | 26,000 | 0 | 26,000 | |
Total interest expense | 2,978,000 | 6,194,000 | 7,414,000 | 11,566,000 | |
Net interest income | 33,528,000 | 30,802,000 | 65,974,000 | 60,486,000 | |
Provision for credit losses | 5,550,000 | 0 | 11,100,000 | 600,000 | |
Net interest income after provision | 27,978,000 | 30,802,000 | 54,874,000 | 59,886,000 | |
Non-interest income: | |||||
Non-interest income | 5,726,000 | 5,662,000 | 11,944,000 | 11,101,000 | |
Mortgage banking income | [1] | 1,622,000 | 760,000 | 2,468,000 | 1,210,000 |
Bank owned life insurance | [1] | 176,000 | 184,000 | 355,000 | 362,000 |
Total non-interest income | 12,622,000 | 12,224,000 | 25,158,000 | 23,232,000 | |
Non-interest expenses: | |||||
Compensation | 11,763,000 | 12,715,000 | 23,996,000 | 24,516,000 | |
Employee benefits | 2,871,000 | 2,807,000 | 6,038,000 | 5,362,000 | |
Net occupancy and equipment | 2,089,000 | 1,967,000 | 3,970,000 | 3,816,000 | |
Technology and communication | 1,947,000 | 1,848,000 | 3,960,000 | 3,621,000 | |
Debit and credit card processing | 603,000 | 631,000 | 1,259,000 | 1,218,000 | |
Marketing and business development | 465,000 | 903,000 | 1,025,000 | 1,528,000 | |
Postage, printing and supplies | 442,000 | 410,000 | 883,000 | 816,000 | |
Legal and professional | 628,000 | 1,523,000 | 1,251,000 | 2,057,000 | |
FDIC insurance | 330,000 | 248,000 | 459,000 | 486,000 | |
Amortization of investments in tax credit partnerships | 53,000 | 52,000 | 89,000 | 104,000 | |
Capital and deposit based taxes | 1,225,000 | 967,000 | 2,255,000 | 1,871,000 | |
Credit loss expense for off-balance sheet exposures | 1,475,000 | 0 | 1,850,000 | 0 | |
Other | 993,000 | 1,382,000 | 1,799,000 | 2,670,000 | |
Total non-interest expenses | 24,884,000 | 25,453,000 | 48,834,000 | 48,065,000 | |
Income before income tax expense | 15,716,000 | 17,573,000 | 31,198,000 | 35,053,000 | |
Income tax expense | 2,348,000 | 1,030,000 | 4,598,000 | 2,869,000 | |
Net income | $ 13,368,000 | $ 16,543,000 | $ 26,600,000 | $ 32,184,000 | |
Net income per share, basic (in dollars per share) | $ 0.59 | $ 0.73 | $ 1.18 | $ 1.42 | |
Net income per share, diluted (in dollars per share) | $ 0.59 | $ 0.72 | $ 1.17 | $ 1.40 | |
Weighted average outstanding shares: | |||||
Basic (in shares) | 22,560 | 22,689 | 22,538 | 22,675 | |
Diluted (in shares) | 22,739 | 22,949 | 22,737 | 22,948 | |
Fiduciary and Trust [Member] | |||||
Non-interest income: | |||||
Non-interest income | $ 5,726,000 | $ 5,662,000 | $ 11,944,000 | $ 11,101,000 | |
Deposit Account [Member] | |||||
Non-interest income: | |||||
Non-interest income | 800,000 | 1,260,000 | 2,083,000 | 2,438,000 | |
Credit and Debit Card [Member] | |||||
Non-interest income: | |||||
Non-interest income | 2,063,000 | 2,168,000 | 4,043,000 | 3,912,000 | |
Treasury Management [Member] | |||||
Non-interest income: | |||||
Non-interest income | 1,249,000 | 1,202,000 | 2,533,000 | 2,359,000 | |
Investment Advisory, Management and Administrative Service [Member] | |||||
Non-interest income: | |||||
Non-interest income | 391,000 | 364,000 | 857,000 | 720,000 | |
Product and Service, Other [Member] | |||||
Non-interest income: | |||||
Non-interest income | $ 595,000 | $ 624,000 | $ 875,000 | $ 1,130,000 | |
[1] | Outside of the scope of ASC 606. |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Net income | $ 13,368 | $ 16,543 | $ 26,600 | $ 32,184 |
Other comprehensive income: | ||||
Change in unrealized gain on AFS debt securities | 3,086 | 5,021 | 11,027 | 8,446 |
Change in fair value of derivatives used in cash flow hedge | 28 | (321) | (318) | (530) |
Total other comprehensive income, before income tax expense | 3,114 | 4,700 | 10,709 | 7,916 |
Tax effect | 750 | 1,121 | 2,570 | 1,708 |
Total other comprehensive income, net of tax | 2,364 | 3,579 | 8,139 | 6,208 |
Comprehensive income | $ 15,732 | $ 20,122 | $ 34,739 | $ 38,392 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands | Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]Additional Paid-in Capital [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]AOCI Attributable to Parent [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total | |
Balance (in shares) at Dec. 31, 2018 | 22,749 | ||||||||||
Balance at Dec. 31, 2018 | $ 36,689 | $ 36,797 | $ 298,156 | $ (5,142) | $ 366,500 | ||||||
Net income | 0 | 0 | 15,641 | 0 | 15,641 | ||||||
Other comprehensive income | 0 | 0 | 0 | 2,629 | 2,629 | ||||||
Stock compensation expense | $ 0 | 863 | 0 | 0 | 863 | ||||||
Stock issued for share-based awards, net of withholdings to satisfy employee tax obligations (in shares) | 74 | ||||||||||
Stock issued for share-based awards, net of withholdings to satisfy employee tax obligations | $ 245 | 2,254 | (4,452) | 0 | (1,953) | ||||||
Cash dividends declared | $ 0 | 0 | (5,686) | 0 | (5,686) | ||||||
Balance (in shares) at Mar. 31, 2019 | 22,823 | ||||||||||
Balance at Mar. 31, 2019 | $ 36,934 | 39,914 | 303,659 | (2,513) | 377,994 | ||||||
Balance (in shares) at Dec. 31, 2018 | 22,749 | ||||||||||
Balance at Dec. 31, 2018 | $ 36,689 | 36,797 | 298,156 | (5,142) | 366,500 | ||||||
Net income | 32,184 | ||||||||||
Other comprehensive income | 6,208 | 6,208 | |||||||||
Balance (in shares) at Jun. 30, 2019 | 22,721 | ||||||||||
Balance at Jun. 30, 2019 | $ 36,596 | 37,776 | 313,927 | 1,066 | 389,365 | ||||||
Balance (in shares) at Mar. 31, 2019 | 22,823 | ||||||||||
Balance at Mar. 31, 2019 | $ 36,934 | 39,914 | 303,659 | (2,513) | 377,994 | ||||||
Net income | 0 | 0 | 16,543 | 0 | 16,543 | ||||||
Other comprehensive income | 0 | 0 | 0 | 3,579 | 3,579 | ||||||
Stock compensation expense | $ 0 | 993 | 0 | 0 | 993 | ||||||
Stock issued for share-based awards, net of withholdings to satisfy employee tax obligations (in shares) | 5 | ||||||||||
Stock issued for share-based awards, net of withholdings to satisfy employee tax obligations | $ 19 | 182 | (363) | 0 | (162) | ||||||
Cash dividends declared | $ 0 | 0 | (5,917) | 0 | (5,917) | ||||||
Common stock repurchased (in shares) | (107) | ||||||||||
Common stock repurchased | $ (357) | (3,308) | 0 | 0 | (3,665) | ||||||
Shares cancelled | $ 0 | (5) | 5 | 0 | 0 | ||||||
Balance (in shares) at Jun. 30, 2019 | 22,721 | ||||||||||
Balance at Jun. 30, 2019 | $ 36,596 | 37,776 | 313,927 | 1,066 | 389,365 | ||||||
Balance (in shares) at Dec. 31, 2019 | 22,604 | ||||||||||
Balance at Dec. 31, 2019 | $ 0 | $ 0 | $ (8,823) | $ 0 | $ (8,823) | $ 36,207 | 35,714 | 333,699 | 677 | 406,297 | |
Net income | 0 | 0 | 13,232 | 0 | 13,232 | ||||||
Other comprehensive income | 0 | 0 | 0 | 5,775 | 5,775 | ||||||
Stock compensation expense | $ 0 | 817 | 0 | 0 | 817 | ||||||
Stock issued for share-based awards, net of withholdings to satisfy employee tax obligations (in shares) | 62 | ||||||||||
Stock issued for share-based awards, net of withholdings to satisfy employee tax obligations | $ 203 | 1,858 | (3,546) | 0 | (1,485) | ||||||
Cash dividends declared | 0 | 0 | (6,111) | 0 | (6,111) | ||||||
Shares cancelled | $ (2) | (22) | 24 | 0 | 0 | ||||||
Shares cancelled (in shares) | (1) | ||||||||||
Balance (in shares) at Mar. 31, 2020 | 22,665 | ||||||||||
Balance at Mar. 31, 2020 | $ 36,408 | 38,367 | 328,475 | 6,452 | 409,702 | ||||||
Balance (in shares) at Dec. 31, 2019 | 22,604 | ||||||||||
Balance at Dec. 31, 2019 | $ 0 | $ 0 | $ (8,823) | $ 0 | $ (8,823) | $ 36,207 | 35,714 | 333,699 | 677 | 406,297 | |
Net income | 26,600 | ||||||||||
Other comprehensive income | 8,139 | ||||||||||
Balance (in shares) at Jun. 30, 2020 | 22,667 | ||||||||||
Balance at Jun. 30, 2020 | $ 36,415 | 39,425 | 335,575 | 8,816 | [1] | 420,231 | |||||
Balance (in shares) at Mar. 31, 2020 | 22,665 | ||||||||||
Balance at Mar. 31, 2020 | $ 36,408 | 38,367 | 328,475 | 6,452 | 409,702 | ||||||
Net income | 0 | 0 | 13,368 | 0 | 13,368 | ||||||
Other comprehensive income | 0 | 0 | 0 | 2,364 | 2,364 | ||||||
Stock compensation expense | $ 0 | 976 | 0 | 0 | 976 | ||||||
Stock issued for share-based awards, net of withholdings to satisfy employee tax obligations (in shares) | 2 | ||||||||||
Stock issued for share-based awards, net of withholdings to satisfy employee tax obligations | $ 8 | 96 | (163) | 0 | (59) | ||||||
Cash dividends declared | 0 | 0 | (6,120) | 0 | (6,120) | ||||||
Shares cancelled | $ (1) | (14) | 15 | 0 | 0 | ||||||
Balance (in shares) at Jun. 30, 2020 | 22,667 | ||||||||||
Balance at Jun. 30, 2020 | $ 36,415 | $ 39,425 | $ 335,575 | $ 8,816 | [1] | $ 420,231 | |||||
[1] | December 31, 2017 AOCI component balances reflect a correction of incorrectly reported year-end balances in the Footnote titled "Other Comprehensive Income (Loss)" of the 2017 Form 10-K, which were presented as $(2,278), $234, and $(392) for securities AFS, cash flow hedges, and minimum pension liability, respectively. |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | |||
Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2019 | Mar. 31, 2019 | |
Retained Earnings [Member] | ||||
Cash dividends declared, per share (in dollars per share) | $ 0.27 | $ 0.25 | ||
Cash dividends declared, per share (in dollars per share) | $ 0.27 | $ 0.26 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | ||
Operating activities: | |||
Net income | $ 26,600 | $ 32,184 | |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Provision for credit losses | 11,100 | 600 | |
Depreciation, amortization and accretion, net | 2,815 | 1,679 | |
Deferred income tax benefit | (1,947) | (3,959) | |
Gain on sales of mortgage loans held for sale | (2,593) | (719) | |
Origination of mortgage loans held for sale | (103,509) | (38,081) | |
Proceeds from sale of mortgage loans held for sale | 97,486 | 36,553 | |
Bank owned life insurance income | [1] | (355) | (362) |
(Gain)/loss on the disposal of premises and equipment | (209) | 6 | |
Gain on the sale of other real estate owned | 0 | (63) | |
Stock compensation expense | 1,793 | 1,856 | |
Excess tax (benefit) expense from share-based compensation arrangements | 3 | (392) | |
Net change in accrued interest receivable and other assets | (14,245) | (3,429) | |
Net change in accrued interest payable and other liabilities | 11,741 | (3,974) | |
Net cash provided by operating activities | 28,680 | 21,899 | |
Investing activities: | |||
Purchases of available for sale debt securities | (192,713) | (373,761) | |
Proceeds from sales of acquired available for sale debt securities | 0 | 12,427 | |
Proceeds from maturities and paydowns of available for sale debt securities | 189,047 | 396,367 | |
Proceeds from redemption of Federal Home Loan Bank stock | 0 | 591 | |
Proceeds from redemption of Federal Reserve Bank stock | 0 | 490 | |
Proceeds from redemption of interest bearing due from banks | 0 | 1,761 | |
Net change in traditional loans | 12,616 | (49,280) | |
Purchases of premises and equipment | (2,526) | (3,321) | |
Proceeds from disposal of premises and equipment | 1,222 | 45 | |
Proceeds from surrender of acquired bank owned life insurance | 0 | 3,431 | |
Proceeds from bank owned life insurance mortality benefit | 0 | 909 | |
Other investment activities | (646) | (1,532) | |
Proceeds from sales of other real estate owned | 0 | 868 | |
Cash for acquisition, net of cash acquired | 0 | (24,684) | |
Net cash used in investing activities | (623,082) | (35,689) | |
Financing activities: | |||
Net change in deposits | 593,179 | (36,464) | |
Net change in securities sold under agreements to repurchase and federal funds purchased | 8,341 | (2,086) | |
Proceeds from Federal Home Loan Bank advances | 60,000 | 60,000 | |
Repayments of Federal Home Loan Bank advances | (78,629) | (67,250) | |
Repayment of acquired bank holding company line of credit | 0 | (2,300) | |
Redemption of acquired bank subordinated debentures | 0 | (3,609) | |
Repurchase of common stock | 0 | (3,665) | |
Share repurchases related to compensation plans | (1,544) | (2,115) | |
Cash dividends paid | (12,275) | (11,621) | |
Net cash provided by (used in) financing activities | 569,072 | (69,110) | |
Net change in cash and cash equivalents | (25,330) | (82,900) | |
Cash and cash equivalents at beginning of period | 249,724 | 198,939 | |
Cash and cash equivalents at end of period | 224,394 | 116,039 | |
Supplemental cash flow information: | |||
Interest paid | 7,583 | 5,382 | |
Income taxes paid, net of refunds | 418 | 11,320 | |
Cash paid for operating lease liabilities | 790 | 694 | |
Supplemental non-cash activity: | |||
Unfunded commitments in tax credit investments | 5,503 | 3,477 | |
Initial recognition of right-of-use lease assets | 0 | 16,747 | |
Initial recognition operating lease liabilities | 0 | 18,067 | |
Loans transferred to OREO | 0 | 0 | |
Fair value of assets acquired | 0 | 204,613 | |
Cash paid in acquisition | 0 | 28,000 | |
Liabilities assumed | 0 | 176,613 | |
Small Business Administration (SBA), CARES Act, Paycheck Protection Program [Member] | |||
Investing activities: | |||
Net change in traditional loans | $ (630,082) | $ 0 | |
[1] | Outside of the scope of ASC 606. |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation and Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | ( 1 Basis of Presentation and Summary of Significant Accounting Policies Nature of Operations 1904, 42 As a result of its acquisition on May 1, 2019, June 2019. Bancorp is divided into two Commercial Banking provides a full range of loan and deposit products to individual consumers and businesses in all its markets through retail lending, mortgage banking, deposit services, online banking, mobile banking, private banking, commercial lending, treasury management services, merchant services, international banking, correspondent banking and other banking services. The Bank also offers securities brokerage services via its banking center network through an arrangement with a third WM&T provides custom-tailored financial planning, investment management, company retirement plan management, retirement planning, trust and estate services in all markets in which Bancorp operates. The magnitude of WM&T revenue distinguishes Bancorp from other community banks of similar asset size. Principles of Consolidation and Basis of Presentation – 10 10 01 X. not In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation have been included. Intercompany transactions have been eliminated. These condensed consolidated financial statements should be read in conjunction with Bancorp’s Annual Report on Form 10 December 31, 2019. three six June 30, 2020 not may December 31, 2020. Critical Accounting Policies and Estimates may not Bancorp’s accounting policies are fundamental to understanding management’s discussion and analysis of our results of operations and financial condition. At December 31, 2019, Critical Accounting Policies and Estimates 2019 10 On January 1, 2020, 326 Financial Instruments – Credit Losses , ” December 31, 2019. January 1, 2020 June 30, 2020, The ACL on loans is established through credit loss expense charged to current earnings. The amount maintained in the ACL reflects management’s estimate of the net amount not not Significant Accounting Policies 10 December 31, 2019. Debt Securities – not June 30, 2020 December 31, 2019. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific-identification method. Amortization of premiums and discounts are recognized in interest income over the period to maturity using the interest method, except for premiums on callable debt securities, which are amortized to their earliest call date. Bancorp has made a policy election to exclude accrued interest from the amortized cost basis of debt securities and reports accrued interest separately in the consolidated balance sheets. A debt security is placed on non-accrual status at the time any principal or interest payments become more than 90 no three six June 30, 2020 2019. ACL – AFS Debt Securities – not may not no In evaluating AFS debt securities in unrealized loss positions for impairment and the criteria regarding its intent or requirement to sell such securities, Bancorp considers the extent to which fair value is less than amortized cost, whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuers’ financial condition, among other factors. There were no June 30, 2020 December 31, 2019. Changes in the ACL on AFS debt securities are recorded as expense. Losses are charged against the ACL when management believes the uncollectability of an AFS debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Loans – Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income over the remaining life of the loan without anticipating prepayments. Loans are considered past due or delinquent when the contractual principal and/or interest due in accordance with the terms of the loan agreement or any portion thereof remains unpaid after the due date of the scheduled payment. Loans are classified as non-accrual when, in the opinion of management, collection of principal or interest is doubtful. The accrual of interest income on loans is typically discontinued at the time the loan is 90 no 120 not not Acquired loans are recorded at fair value at the date of acquisition based on a DCF methodology that considers various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, term of loan and whether or not may Prior to January 1, 2020, no not not not not Subsequent to January 1, 2020, no January 1, 2020. For acquired loans not The subsequent measurement of expected credit losses for all acquired loans is the same as the subsequent measurement of expected credit losses for originated loans. ACL – Loans Bancorp estimates the ACL on loans based on the underlying assets’ amortized cost basis, which is the amount at which the receivable is originated or acquired, adjusted for applicable accretion or amortization of premium, discount, and net deferred fees or costs, collection of payment, and charge-offs. In the event that collection of principal becomes uncertain, Bancorp has policies in place to reverse accrued interest in a timely manner. Therefore, Bancorp has made a policy election to exclude accrued interest from the measurement of ACL. Expected credit losses are reflected in the ACL through a charge to provision. When Bancorp deems all or a portion of a financial asset to be uncollectible, the appropriate amount is written-off and the ACL is reduced by the same amount. Bancorp applies judgment to determine when a financial asset is deemed uncollectible; however, generally speaking, an asset will be considered uncollectible no Bancorp’s methodologies for estimating the ACL consider available relevant information about the collectability of cash flows, including information about past events, current conditions and reasonable and supportable forecasts. The methodologies apply historical loss information, adjusted for asset-specific characteristics, economic conditions at the measurement date, and forecasts about future economic conditions expected to exist through the contractual lives of the financial assets that are reasonable and supportable, to the identified pools of financial assets with similar risk characteristics for which the historical loss experience was observed. Bancorp’s methodologies may no Loans are predominantly segmented by FDIC Call Report Codes into loan pools that have similar risk characteristics, similar collateral type and are assumed to pose consistent risk of loss to Bancorp. Bancorp has identified the following pools of financial assets with similar risk characteristics for measuring expected credit losses: Commercial real e stat e – owner occupied – no Commercial real e stat e – non-owner occupied – five Construction and land development third may Commercial and Industrial Residential real estate first Home equity lines of credit Consumer may Leases Commercial Credit Cards Bancorp measures expected credit losses for its loan portfolio segments as follows: Loan Portfolio Segment ACL Methodology Commercial real estate - non-owner occupied Discounted cash flow Commercial real estate - owner occupied Discounted cash flow Commercial and industrial - term Static pool Commercial and industrial - line of credit Static pool Residential real estate - owner occupied Discounted cash flow Residential real estate - non-owner occupied Discounted cash flow Construction and land development Static pool Home equity lines of credit Static pool Consumer Static pool Leases Static pool Credit cards - commercial Static pool Discounted Cash flow Method Bancorp uses regression analysis of historical internal and peer data to determine suitable loss drivers to utilize when modeling lifetime probability of default and loss given default. This analysis also determines how expected probability of default and loss given default will react to forecasted levels of the loss drivers. For all loan pools utilizing the DCF method, management utilizes the forecasted Seasonally Adjusted National Civilian Unemployment Rate as its primary loss driver, as this was determined to best correlate to historical losses. With regard to the DCF model and the adoption of CECL on January 1, 2020, four eight The combination of adjustments for credit expectations (default and loss) and timing expectations (prepayment, curtailment, and time to recovery) produces an expected cash flow stream at the instrument level. Instrument effective yield is calculated, net of the impacts of prepayment assumptions and the instrument expected cash flows are then discounted at that effective yield to produce an instrument-level NPV of expected cash flows. An ACL is established for the difference between the instrument’s NPV and amortized cost basis. Static Pool Method Coll ateral Dependent Loans not may zero not A loan that has been modified or renewed is considered a TDR when two 1 2 not may Off-Balance Sheet Credit Exposures Bancorp records an ACL on off-balance sheet credit exposures, unless the commitments to extend credit are unconditionally cancelable, through a charge to credit loss expense for off-balance sheet credit exposures included in other non-interest expense in Bancorp’s consolidated statements of income. The ACL on off-balance sheet credit exposures is estimated by loan portfolio segment at each balance sheet date under the current CECL model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur and is included in other liabilities on Bancorp’s consolidated balance sheets. Recently Adopted Accounting Standards – 326, “ Financial Instruments – Credit Losses January 1, 2020 January 1, 2020 326, Bancorp adopted ASC 326 310 30. not January 1, 2020, $1.6 The following table summarizes the impact of the adoption of ASC 326: January 1, 2020 (in thousands) As reported under ASC 326 Pre-ASC 326 Adoption Impact of Adoption (1) Allowance for credit losses on loans: Commercial real estate - non-owner occupied $ 8,333 $ 5,235 $ 3,098 Commercial real estate - owner occupied 6,219 3,327 2,892 Total commercial real estate 14,552 8,562 5,990 Commercial and industrial - term 7,147 6,782 365 Commercial and industrial - line of credit 4,129 5,657 (1,528 ) Total commercial and industrial 11,276 12,439 (1,163 ) Residential real estate - owner occupied 2,713 1,527 1,186 Residential real estate - non-owner occupied 1,376 947 429 Total residential real estate 4,089 2,474 1,615 Construction and land development 5,161 2,105 3,056 Home equity lines of credit 842 728 114 Consumer 398 100 298 Leases 233 237 (4 ) Credit cards - commercial 96 146 (50 ) Total allowance for credit losses on loans $ 36,647 $ 26,791 $ 9,856 Total allowance for credit losses on off-balance sheet exposures $ 3,850 $ 350 $ 3,500 ( 1 – The impact of the ASC 326 on the ACL on loans reflects $8.2 $1.6 transition from PCI to PCD methodology as defined in the standard. In August 2018, No. 2018 13, 820 Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement December 15, 2019, 2020 not In January 2017, 2017 04, Intangibles - Goodwill and Other (Topic 350 ) - Simplifying the Test for Goodwill Impairment first two 2, 2017 04 January 1, 2020 not In August 2018, 2018 15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350 40 That Is a Service Contract.” not 2018 15 January 1, 2020 not In March 2020, 19. 310 40, Receivables – Troubled Debt Restructurin gs by Creditors not 19 not six 30 In March 2020, No. 2020 04, 848 Facilitation of the Effects of Reference Rate Reform on Financial Reporting March 12, 2020 December 31, 2022. Accounting Standards Updates – not not In April 2019, No. 2019 04, Codification Improvements to Financial Instruments - Credit Losses (ASC 326 815 825 December 15, 2022. |
Note 2 - Acquisition
Note 2 - Acquisition | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | ( 2 Acquisition On May 1, 2019, Effective March 31, 2020, 12 The following table provides a summary of the assets acquired and liabilities assumed as recorded by the acquiree, the previously reported preliminary fair value adjustments necessary to adjust those acquired assets and assumed liabilities to fair value, final recast adjustments to those previously reported preliminary fair values, and the final fair values of those assets and liabilities as recorded by Bancorp. May 1, 2019 As Recorded Fair Value Recast As Recorded (in thousands) by KSB Adjustments (1) Adjustments by Bancorp Assets acquired: Cash and due from banks $ 3,316 $ — $ — $ 3,316 Interest bearing due from banks 1,761 — — 1,761 Available for sale debt securities 12,404 23 a — 12,427 Federal Home Loan Bank stock, at cost 1,517 — — 1,517 Federal Reserve Bank stock, at cost 490 — — 490 Loans 165,744 (1,597 ) b (118 ) b 164,029 Allowance for credit losses (1,812 ) 1,812 b — — Net loans 163,932 215 (118 ) 164,029 Premises and equipment, net 4,358 (1,328 ) c 431 c 3,461 Bank owned life insurance 3,431 — — 3,431 Core deposit intangible — 1,519 d — 1,519 Other real estate owned 325 (325 ) e — — Other assets and accrued interest receivable 867 (36 ) f — 831 Total assets acquired $ 192,401 $ 68 $ 313 $ 192,782 Liabilities assumed: Deposits: Non-interest bearing $ 24,939 $ — $ — $ 24,939 Interest bearing 100,839 (252 ) g — 100,587 Total deposits 125,778 (252 ) — 125,526 Federal funds purchased 1,566 — — 1,566 Federal Home Loan Bank advances 43,718 (419 ) h — 43,299 Subordinated note 3,609 — — 3,609 Holding Company line of credit 2,300 — — 2,300 Other liabilities and accrued interest payable 313 — — 313 Total liabilities assumed 177,284 (671 ) — 176,613 Net assets acquired $ 15,117 $ 739 $ 313 $ 16,169 Cash consideration paid (28,000 ) Goodwill $ 11,831 ( 1 See the following page for explanations of individual fair value adjustments. Explanation of the above pre-ASC 326 fair value adjustments : a. Reflects the fair value adjustment based on Bancorp’s evaluation of the acquired investment portfolio. b. Reflects the fair value adjustment based on Bancorp’s evaluation of the acquired loan portfolio and to eliminate the acquiree’s recorded ACL . c. Reflects the fair value adjustment based on Bancorp’s evaluation of the premises and equipment acquired. d. Reflects the fair value adjustment for the CDI asset recorded as a result of the acquisition. e. Reflects the fair value adjustment based upon Bancorp’s evaluation of the foreclosed real estate acquired. f. Reflects the write-off of a miscellaneous other asset. g. Reflects the fair value adjustment based on Bancorp ’s evaluation of the assumed time deposits. h. Reflects the fair value adjustment based upon Bancorp’s evaluation of the assumed FHLB advances. Goodwill of approximately $12 million, which is the excess of the acquisition consideration over the fair value of net assets acquired, was recorded and is the result of expected operational synergies and other factors. This goodwill was entirely attributable to Bancorp’s Commercial Banking segment and deductible for tax purposes. Based upon the proximity to existing branch locations, Bancorp closed and ultimately sold three 2019, 2019 Pro forma financial information as of the acquisition was not |
Note 3 - Available for Sale Deb
Note 3 - Available for Sale Debt Securities | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ( 3 Available for Sale Debt Securities All of Bancorp’s debt securities are classified as AFS. Amortized cost, unrealized gains and losses and fair value of securities follow: (in thousands) Unrealized Allowance June 30, 2020 Amortized cost Gains Losses for Credit Losses Fair value Obligations of states and political subdivisions $ — $ — $ — $ — $ — Government sponsored enterprise obligations 199,838 4,788 (215 ) — 204,411 Mortgage backed securities - government agencies 262,565 7,702 (13 ) — 270,254 Obligations of states and political subdivisions 10,394 190 — — 10,584 Total available for sale debt securities $ 472,797 $ 12,680 $ (228 ) $ — $ 485,249 December 31, 2019 Obligations of states and political subdivisions $ 49,887 $ 10 $ — $ — $ 49,897 Government sponsored enterprise obligations 208,933 1,189 (178 ) — 209,944 Mortgage backed securities - government agencies 193,574 1,243 (956 ) — 193,861 Obligations of states and political subdivisions 16,919 117 — — 17,036 Total available for sale debt securities $ 469,313 $ 2,559 $ (1,134 ) $ — $ 470,738 At June 30, 2020 December 31, 2019, no one 10% There were no gains or losses on sales or calls of securities for the three six June 30, 2020 2019. May 1, 2019 Accrued interest on AFS debt securities totaled $1.5 million and $1.6 million at June 30, 2020 December 31, 2019, A summary of AFS debt securities by contractual maturity as of June 30, 2020 (in thousands) Amortized cost Fair value Due within 1 year $ 75,092 $ 75,164 Due after 1 year but within 5 years 31,457 32,114 Due after 5 years but within 10 years 3,972 4,145 Due after 10 years 99,711 103,572 Mortgage backed securities - government agencies 262,565 270,254 Total securities available for sale $ 472,797 $ 485,249 Actual maturities may may Securities with a carrying value of $395 million and $403 million were pledged at June 30, 2020 December 31, 2019, AFS debt securities with unrealized loss position for which an ACL has not Less than 12 months 12 months or more Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2020 value losses value losses value losses Government sponsored enterprise obligations $ 19,614 $ (149 ) $ 5,548 $ (66 ) $ 25,162 $ (215 ) Mortgage-backed securities - government agencies 16,358 (13 ) — — 16,358 (13 ) Total $ 35,972 $ (162 ) $ 5,548 $ (66 ) $ 41,520 $ (228 ) December 31, 2019 Government sponsored enterprise obligations $ 16,503 $ (107 ) $ 11,492 $ (71 ) $ 27,995 $ (178 ) Mortgage-backed securities - government agencies 81,664 (496 ) 32,453 (460 ) 114,117 (956 ) Total $ 98,167 $ (603 ) $ 43,945 $ (531 ) $ 142,112 $ (1,134 ) Applicable dates for determining when securities are in an unrealized loss position are June 30, 2020 December 31, 2019. 12 not 12 For AFS debt securities in an unrealized loss position, Bancorp evaluates the securities to determine whether the decline in the fair value below the amortized cost basis (impairment) is due to credit-related factors or non-credit related factors. Any impairment that is not may not no In evaluating AFS debt securities in unrealized loss positions for impairment and the criteria regarding its intent or requirement to sell such securities, Bancorp considers the extent to which fair value is less than amortized cost, whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuers’ financial condition, among other factors. Unrealized losses on Bancorp’s investment securities portfolio have not June 30, 2020 December 31, 2019, no June 30, 2020 December 31, 2019. FHLB stock represents an investment held by Bancorp that is not fourth |
Note 4 - Loans and Allowance fo
Note 4 - Loans and Allowance for Credit Losses on Loans | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ( 4 Loans and Allowance for Credit Losses on Loans Composition of loans by class as reported under ASC 326 (in thousands) June 30, 2020 December 31, 2019 Commercial real estate - non-owner occupied $ 815,464 $ 746,283 Commercial real estate - owner occupied 472,457 474,329 Total commercial real estate 1,287,921 1,220,612 Commercial and industrial - term 510,384 457,298 Commercial and industrial - term - PPP 630,082 — Commercial and industrial - lines of credit 254,096 381,502 Total commercial and industrial 1,394,562 838,800 Residential real estate - owner occupied 215,891 217,606 Residential real estate - non-owner occupied 139,121 134,995 Total residential real estate 355,012 352,601 Construction and land development 255,447 255,816 Home equity lines of credit 103,672 103,854 Consumer 43,758 47,467 Leases 14,843 16,003 Credits cards - commercial 8,862 9,863 Total loans (1) $ 3,464,077 $ 2,845,016 ( 1 of loan origination fees and costs. For historical comparative purposes, the composition of loans by class pre-ASC 326 (in thousands) December 31, 2019 Commercial and industrial $ 870,511 Construction and development, excluding undeveloped land 213,822 Undeveloped land 46,360 Real estate mortgage: Commercial investment 736,618 Owner occupied commercial 473,783 1-4 family residential 334,358 Home equity - first lien 48,620 Home equity - junior lien 73,477 Subtotal: Real estate mortgage 1,666,856 Consumer 47,467 Total loans (1) $ 2,845,016 ( 1 of loan origination fees and costs. Accrued interest on loans, which is excluded from the amortized cost of loans, totaled $12 million and $7 million at June 30, 2020 December 31, 2019, Loans with carrying amounts of $1.9 billion and $1.6 billion at June 30, 2020 December 31, 2019, Loans to directors and their related interests, including loans to companies for which directors are principal owners and executive officers, totaled $46 million and $43 million as of June 30, 2020 December 31, 2019, The following table summarizes loans acquired in Bancorp’s May 1, 2019 May 1, 2019 Contractual Non-accretable Accretable Acquisition-day (in thousands) Receivable Yield Yield Fair Value Commercial and industrial $ 8,249 $ — $ (23 ) $ 8,226 Construction and land development 18,738 — 86 18,824 Real estate mortgage: Commercial real estate 84,219 — (456 ) 83,763 Residential real estate 50,556 — 322 50,878 Home equity lines of credit 875 — 8 883 Subtotal: Real estate mortgage 135,650 — (126 ) 135,524 Consumer 1,528 — (73 ) 1,455 Total loans acquired under ASC 310-20 164,165 — (136 ) 164,029 Commercial and industrial — — — — Construction and land development — — — — Real estate mortgage: Commercial real estate 1,351 (1,351 ) — — Residential real estate 228 (228 ) — — Home equity lines of credit — — — — Subtotal: Real estate mortgage 1,579 (1,579 ) — — Consumer — — — — Total purchased credit impaired loans acquired under ASC 310-30 1,579 (1,579 ) — — Total loans $ 165,744 $ (1,579 ) $ (136 ) $ 164,029 The Bank acquired PCI loans related to its 2019 2013 310 30. January 1, 2020, 326 310 30. not January 1, 2020, Bancorp’s estimate of the ACL on loans reflects losses expected over the remaining contractual life of the assets. The contractual term does not 2020 326 2019 310 (in thousands) Three Months Ended June 30, 2020 Beginning Balance Impact of Adopting ASC 326 Initial ACL on Loans Purchased with Credit Deterioration Provision for Credit Losses Charge-offs Recoveries Ending Balance Commercial real estate - non-owner occupied $ 13,435 $ - $ - $ 5,403 $ - $ 1 $ 18,839 Commercial real estate - owner occupied 6,509 - - 197 - - 6,706 Total commercial real estate 19,944 - - 5,600 - 1 25,545 Commercial and industrial - term 7,990 - - (651 ) - - 7,339 Commercial and industrial - lines of credit 3,866 - - (624 ) - - 3,242 Total commercial and industrial 11,856 - - (1,275 ) - - 10,581 Residential real estate - owner occupied 2,702 - - 162 (18 ) 2 2,848 Residential real estate - non-owner occupied 1,419 - - 175 - - 1,594 Total residential real estate 4,121 - - 337 (18 ) 2 4,442 Construction and land development 5,185 - - 423 - - 5,608 Home equity lines of credit 623 - - 209 - - 832 Consumer 198 - - 134 (80 ) 110 362 Leases 159 - - 64 - - 223 Credit cards - commercial 57 - - 58 - - 115 Total net loan (charge-offs) recoveries $ 42,143 $ - $ - $ 5,550 $ (98 ) $ 113 $ 47,708 (in thousands) Six Months Ended June 30, 2020 Beginning Balance Impact of Adopting ASC 326 Initial ACL on Loans Purchased with Credit Deterioration Provision for Credit Losses Charge-offs Recoveries Ending Balance Commercial real estate - non-owner occupied $ 5,235 $ 2,946 $ 152 $ 10,503 $ - $ 3 $ 18,839 Commercial real estate - owner occupied 3,327 1,542 1,350 487 - - 6,706 Total commercial real estate 8,562 4,488 1,502 10,990 - 3 25,545 Commercial and industrial - term 6,782 365 - 185 - 7 7,339 Commercial and industrial - lines of credit 5,657 (1,528 ) - (887 ) - - 3,242 Total commercial and industrial 12,439 (1,163 ) - (702 ) - 7 10,581 Residential real estate - owner occupied 1,527 1,087 99 151 (18 ) 2 2,848 Residential real estate - non-owner occupied 947 429 - 218 - - 1,594 Total residential real estate 2,474 1,516 99 369 (18 ) 2 4,442 Construction and land development 2,105 3,056 - 447 - - 5,608 Home equity lines of credit 728 114 - (10 ) - - 832 Consumer 100 264 34 (3 ) (254 ) 221 362 Leases 237 (4 ) - (10 ) - - 223 Credit cards - commercial 146 (50 ) - 19 - - 115 Total net loan (charge-offs) recoveries $ 26,791 $ 8,221 $ 1,635 $ 11,100 $ (272 ) $ 233 $ 47,708 (in thousands) Three Months Ended June 30, 2019 Beginning Balance Provision for Credit Losses Charge-offs Recoveries Ending Balance Real estate mortgage $ 12,001 $ 10 $ (13 ) $ 32 $ 12,030 Commercial and industrial 11,762 92 - 4 11,858 Construction and development 1,884 (74 ) - - 1,810 Undeveloped land 662 (61 ) - - 601 Consumer 155 33 (148 ) 77 117 $ 26,464 $ - $ (161 ) $ 113 $ 26,416 (in thousands) Six Months Ended Six June 30, 2019 Beginning Balance Provision for Credit Losses Charge-offs Recoveries Ending Balance Real estate mortgage $ 10,681 $ 1,310 $ (13 ) $ 52 $ 12,030 Commercial and industrial 11,965 (210 ) (3 ) 106 11,858 Construction and development 1,760 (153 ) - 203 1,810 Undeveloped land 752 (151 ) - - 601 Consumer 376 (196 ) (244 ) 181 117 $ 25,534 $ 600 $ (260 ) $ 542 $ 26,416 Upon adoption of ASC 326 January 1, 2020, $1.6 326 January 1, 2020. first second 2020 second 2020. Bancorp measures expected credit losses of financial assets on a collective (pool) basis, when the financial assets share similar risk characteristics. Depending on the nature of the pool of financial assets with similar risk characteristics, Bancorp has measured its portfolio classes as follows: Loan Portfolio Segment ACL Methodology Commercial real estate - non-owner occupied Discounted cash flow Commercial real estate - owner occupied Discounted cash flow Commercial and industrial - term Static pool Commercial and industrial - line of credit Static pool Residential real estate - owner occupied Discounted cash flow Residential real estate - non-owner occupied Discounted cash flow Construction and land development Static pool Home equity lines of credit Static pool Consumer Static pool Leases Static pool Credit cards - commercial Static pool The static pool methodology is utilized for the loan portfolio segments that typically have shorter durations. For each of these loan segments, Bancorp applies an expected loss ratio based on historical losses adjusted as appropriate for qualitative factors. Qualitative loss factors are based on management's judgment of company, market, industry or business specific data, changes in underlying loan composition of specific portfolios, trends relating to credit quality, delinquency, non-performing and adversely rated loans, and reasonable and supportable forecasts of economic conditions. When developing the ACL CECL model for loan pools utilizing the DCF method, Bancorp utilized regression analysis of historical internal and peer data to identify a suitable loss driver to utilize when modeling lifetime probability of default and loss given default. Such regression analysis was used to measure how the expected probability of default and loss given default would react to changes in forecasted levels of the loss driver. Based on this regression analysis, management determined that the forecasted Seasonally Adjusted National Civilian Unemployment Rate best correlated to Bancorp’s historical losses and elected to use this rate as the primary loss driver to be consistently applied across all applicable loan segments over a reasonable and supportable forecast period. Upon adoption of ASC 326 January 1, 2020, four eight Subsequent to January 1, 2020, 19 Jun 20 May 20 Apr 20 Mar 20 Feb 20 Jan 20 Dec 19 National Unemployment Rate 11.10 % 13.30 % 14.70 % 4.40 % 3.50 % 3.60 % 3.50 % As of March 31, 2020, one four January 1, 2020) third 2020, first three March 31, 2020. For all loan pools utilizing the DCF method, management utilizes the forecasted Seasonally Adjusted National Civilian Unemployment Rate as its primary loss driver, as this was determined to best correlate to historical losses. During the second first 2020, 12 months ended December 31, 2020, 2021 2022 2020 2021 2022 Upper end of range 14.0 % 12.0 % 8.0 % Median 9.3 % 6.5 % 5.5 % Lower end of range 7.0 % 4.5 % 4.0 % As of June 30, 2020, one June four first 2020, three June 30, 2020 six June 30, 2020. Outstanding loans (excluding PPP loans) increased $92 million during the first three 2020 second 2020, three March 31, 2020. second 2020, The pandemic has had a material impact on Bancorp’s ACL on loans calculations for both March 31, 2020 June 30, 2020. not March 31, 2020 June 30, 2020, In connection with the adoption of ASC 326, first second 2020. second June 30, 2020, During the three June 30, 2020, not no The following table presents the amortized cost basis and ACL allocated for collateral dependent loans in accordance with ASC 326, (in thousands) June 30, 2020 Real Estate Accounts Receivable / Equipment Other Total ACL Allocation Commercial real estate - non-owner occupied $ 10,569 $ - $ - $ 10,569 $ 2,255 Commercial real estate - owner occupied 3,014 - - 3,014 1,351 Total commercial real estate 13,583 - - 13,583 3,606 Commercial and industrial - term - 9 18 27 18 Commercial and industrial - lines of credit - - - - - Total commercial and industrial - 9 18 27 18 Residential real estate - owner occupied 445 - - 445 99 Residential real estate - non-owner occupied 225 - - 225 - Total residential real estate 670 - - 670 99 Construction and land development - - - - - Home equity lines of credit - - - - - Consumer - - 26 26 26 Leases - - - - - Credit cards - commercial - - - - - Total collateral dependent loans $ 14,253 $ 9 $ 44 $ 14,306 $ 3,749 There have been no The following table presents loans individually and collectively evaluated for impairment and the respective ACL allocation as of December 31, 2019, 310 326: Loans ACL (in thousands) December 31, 2019 Loans individually evaluated for impairment Loans collectively evaluated for impairment Loans acquired with deteriorated credit quality Total loans Loans individually evaluated for impairment Loans collectively evaluated for impairment Loans acquired with deteriorated credit quality Total ACL Commercial and industrial $ 8,223 $ 862,288 $ — $ 870,511 $ 1,150 $ 11,672 $ — $ 12,822 Construction and development, excluding undeveloped land — 213,822 — 213,822 — 1,319 — 1,319 Undeveloped land — 46,360 — 46,360 — 786 — 786 Real estate mortgage 3,307 1,663,549 — 1,666,856 13 11,751 — 11,764 Consumer — 47,467 — 47,467 — 100 — 100 Total $ 11,530 $ 2,833,486 $ — $ 2,845,016 $ 1,163 $ 25,628 $ — $ 26,791 The following table presents information pertaining to impaired loans as of December 31, 2019 three six June 30, 2019, 310: As of Three months ended Six months ended December 31, 2019 June 30, 2019 June 30, 2019 Unpaid Average Interest Average Interest Recorded principal Related recorded income recorded income (in thousands) investment balance ACL investment recognized investment recognized Impaired loans with no related ACL Commercial and industrial $ 174 $ 174 $ — $ 144 $ — $ 160 $ — Construction and development, excluding undeveloped land — — — — — 106 — Undeveloped land — — — — — 158 — Real estate mortgage Commercial investment 741 741 — 311 — 254 — Owner occupied commercial 2,278 2,736 — 1,455 — 1,165 — 1-4 family residential 124 124 — 779 — 773 — Home equity - junior lien 151 151 — 462 — 356 — Subtotal: Real estate mortgage 3,294 3,752 — 3,007 — 2,548 — Subtotal $ 3,468 $ 3,926 $ — $ 3,151 $ — $ 2,972 $ — Impaired loans with an ACL Commercial and industrial $ 8,049 $ 8,049 $ 1,150 $ 24 $ — $ 26 $ 1 Real estate mortgage 1-4 family residential 13 13 13 14 — 14 — Subtotal: Real estate mortgage 13 13 13 14 — 14 — Subtotal $ 8,062 $ 8,062 $ 1,163 $ 38 $ — $ 40 $ 1 Total impaired loans: Commercial and industrial $ 8,223 $ 8,223 $ 1,150 $ 168 $ — $ 186 $ 1 Construction and development, excluding undeveloped land — — — — — 106 — Undeveloped land — — — — — 158 — Real estate mortgage Commercial investment 741 741 — 311 — 254 — Owner occupied commercial 2,278 2,736 — 1,455 — 1,165 — 1-4 family residential 137 137 13 793 — 787 — Home equity - junior lien 151 151 — 462 — 356 — Subtotal: Real estate mortgage 3,307 3,765 13 3,021 — 2,562 — Total $ 11,530 $ 11,988 $ 1,163 $ 3,189 $ — $ 3,012 $ 1 Differences between recorded investment amounts and unpaid principal balance amounts less related ACL are due to partial charge-offs which have occurred over the lives of certain loans. The following tables present the aging of contractually past due loans by portfolio class ( 2020 326 2019 310 (in thousands) 30-59 days 60-89 days 90 or more Total Total June 30, 2020 Current Past Due Past Due Days Past Due Past Due Loans Commercial real estate - non-owner occupied $ 814,610 $ 121 $ 35 $ 698 $ 854 $ 815,464 Commercial real estate - owner occupied 469,529 256 — 2,672 2,928 472,457 Total commercial real estate 1,284,139 377 35 3,370 3,782 1,287,921 Commercial and industrial - term 1,140,384 59 14 9 82 1,140,466 Commercial and industrial - line of credit 253,645 41 310 100 451 254,096 Total commercial and industrial 1,394,029 100 324 109 533 1,394,562 Residential real estate - owner occupied 214,681 603 290 317 1,210 215,891 Residential real estate - non-owner occupied 138,823 — 24 274 298 139,121 Total residential real estate 353,504 603 314 591 1,508 355,012 Construction and land development 255,399 — — 48 48 255,447 Home equity lines of credit 103,672 — — — — 103,672 Consumer 43,727 30 1 — 31 43,758 Leases 14,843 — — — — 14,843 Credit cards - commercial 8,862 — — — — 8,862 Total $ 3,458,175 $ 1,110 $ 674 $ 4,118 $ 5,902 $ 3,464,077 90 or more Days Past Due (in thousands) 30-59 days 60-89 days (includes all Total Total December 31, 2019 Current Past Due Past Due non-accrual) Past Due Loans Commercial and industrial $ 861,860 $ 253 $ 194 $ 8,204 $ 8,651 $ 870,511 Construction and development, excluding undeveloped land 213,766 6 50 — 56 213,822 Undeveloped land 46,360 — — — — 46,360 Real estate mortgage: Commercial investment 735,387 94 — 1,137 1,231 736,618 Owner occupied commercial 470,951 467 86 2,279 2,832 473,783 1-4 family residential 332,718 1,368 33 239 1,640 334,358 Home equity - first lien 48,441 179 — — 179 48,620 Home equity - junior lien 72,995 196 100 186 482 73,477 Subtotal: Real estate mortgage 1,660,492 2,304 219 3,841 6,364 1,666,856 Consumer 47,379 84 4 — 88 47,467 Total $ 2,829,857 $ 2,647 $ 467 $ 12,045 $ 15,159 $ 2,845,016 The following table presents the amortized cost basis of non-performing loans and the amortized cost basis of loans on non-accrual status for which there was no June 30, 2020: Past Due 90-Days- (In thousands) Non-accrual Total or-More and Still June 30, 2020 with no ACL Non-accrual Accruing Interest Commercial real estate - non-owner occupied $ 213 $ 10,569 $ - Commercial real estate - owner occupied 1,663 3,014 - Total commercial real estate 1,876 13,583 - Commercial and industrial - term 9 9 - Commercial and industrial - lines of credit - - - Total commercial and industrial 9 9 - Residential real estate - owner occupied 306 445 - Residential real estate - non-owner occupied 225 225 - Total residential real estate 531 670 - Construction and land development - - 48 Home equity lines of credit - - - Consumer - - - Leases - - - Credit cards - commercial - - - Total $ 2,416 $ 14,262 $ 48 For the three six June 30, 2020 2019, For the three six June 30, 2020 2019, no The following table presents the recorded investment in non-performing loans by portfolio class as of December 31, 2019: December 31, 2019 (in thousands) Non-accrual Past Due 90-Days-or- More and Still Accruing Interest Commercial and industrial $ 8,202 $ — Construction and development, excluding undeveloped land — — Undeveloped land — — Real estate mortgage: Commercial investment 740 396 Owner occupied commercial 2,278 — 1-4 family residential 123 104 Home equity - first lien — — Home equity - junior lien 151 35 Subtotal: Real estate mortgage 3,292 535 Consumer — — Total $ 11,494 $ 535 Loan Risk Ratings Consistent with regulatory guidance, Bancorp categorizes loans into credit risk rating categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information and current economic trends. Pass-rated loans include all risk-rated loans other than those classified as OAEM, substandard, and doubtful, which are defined below: OAEM may Substandard not Substandard non-performing 90 Doubtful Management considers the guidance in ASC 310 20 June 30, 2020, Term Loans Amortized Cost Basis by Origination Year Revolving Revolving loans loans (in thousands) amortized converted June 30, 2020 2020 2019 2018 2017 2016 Prior cost basis to term Total Commercial real estate - non-owner occupied: Risk rating Pass $ 174,017 $ 171,037 $ 106,905 $ 126,594 $ 95,310 $ 96,646 $ 13,982 $ 11,989 $ 796,480 OAEM 61 - - - 1,578 52 472 - 2,163 Substandard 4,200 2,051 - - - 1 - - 6,252 Substandard non-performing 9,727 - - 614 - 228 - - 10,569 Doubtful - - - - - - - - - Total Commercial real estate non-owner occupied $ 188,005 $ 173,088 $ 106,905 $ 127,208 $ 96,888 $ 96,927 $ 14,454 $ 11,989 $ 815,464 Commercial real estate - owner occupied: Risk rating Pass $ 102,192 $ 109,160 $ 91,659 $ 53,309 $ 44,522 $ 49,472 $ 7,144 $ 851 $ 458,309 OAEM - 62 967 825 252 76 - - 2,182 Substandard - 6,997 1,363 105 127 360 - - 8,952 Substandard non-performing - - 20 500 - 2,151 - 343 3,014 Doubtful - - - - - - - - - Total Commercial real estate owner occupied $ 102,192 $ 116,219 $ 94,009 $ 54,739 $ 44,901 $ 52,059 $ 7,144 $ 1,194 $ 472,457 Commercial and industrial - term: Risk rating Pass $ 768,510 $ 110,924 $ 111,287 $ 51,862 $ 43,348 $ 26,536 $ - $ 7,755 $ 1,120,222 OAEM - 928 11,679 160 83 17 - - 12,867 Substandard 5,249 1,853 - - 189 77 - - 7,368 Substandard non-performing - - - - 9 - - - 9 Doubtful - - - - - - - - - Total Commercial and industrial - term $ 773,759 $ 113,705 $ 122,966 $ 52,022 $ 43,629 $ 26,630 $ - $ 7,755 $ 1,140,466 Commercial and industrial - lines of credit Risk rating Pass $ 13,460 $ 29,646 $ 4,191 $ 2,956 $ 364 $ - $ 193,105 $ - $ 243,722 OAEM - - - - - - 783 - 783 Substandard - - - - - - 9,591 - 9,591 Substandard non-performing - - - - - - - - - Doubtful - - - - - - - - - Total Commercial and industrial - lines of credit $ 13,460 $ 29,646 $ 4,191 $ 2,956 $ 364 $ - $ 203,479 $ - $ 254,096 (continued) (continued) Term Loans Amortized Cost Basis by Origination Year Revolving Revolving loans loans (in thousands) amortized converted June 30, 2020 2020 2019 2018 2017 2016 Prior cost basis to term Total Residential real estate - owner occupied Risk rating Pass $ 35,591 $ 43,994 $ 29,055 $ 26,881 $ 32,877 $ 46,720 $ - $ 195 $ 215,313 OAEM - - - - - - - - - Substandard 16 - - 118 - - - - 134 Substandard non-performing - - - 101 38 205 - 100 444 Doubtful - - - - - - - - - Total Residential real estate - owner occupied $ 35,607 $ 43,994 $ 29,055 $ 27,100 $ 32,915 $ 46,925 $ - $ 295 $ 215,891 Residential real estate - non-owner occupied Risk rating Pass $ 43,459 $ 27,037 $ 29,437 $ 12,618 $ 11,728 $ 12,740 $ - $ 158 $ 137,177 OAEM - 1,600 - - - 88 - - 1,688 Substandard - - 31 - - - - - 31 Substandard non-performing - - - - - 225 - - 225 Doubtful - - - - - - - - - Total Residential real estate - non-owner occupied $ 43,459 $ 28,637 $ 29,468 $ 12,618 $ 11,728 $ 13,053 $ - $ 158 $ 139,121 Construction and land development Risk rating Pass $ 55,195 $ 97,608 $ 66,746 $ 23,159 $ 1,249 $ 2,764 $ 6,842 $ 1,883 $ 255,446 OAEM - - - - - - - - - Substandard - - - - 1 - - - 1 Substandard non-performing - - - - - - - - - Doubtful - - - - - - - - - Total Construction and land development $ 55,195 $ 97,608 $ 66,746 $ 23,159 $ 1,250 $ 2,764 $ 6,842 $ 1,883 $ 255,447 Home equity lines of credit Risk rating Pass $ - $ - $ - $ - $ - $ - $ 103,672 $ - $ 103,672 OAEM - - - - - - - - - Substandard - - - - - - - - - Substandard non-performing - - - - - - - - - Doubtful - - - - - - - - - Total Home equity lines of credit $ - $ - $ - $ - $ - $ - $ 103,672 $ - $ 103,672 Consumer Risk rating Pass * $ 3,680 $ 5,697 $ 4,042 $ 498 $ 525 $ 1,506 $ 27,638 $ 145 $ 43,731 OAEM - - - - - - - - - Substandard - 26 - - - - - - 26 Substandard non-performing - - - - - 1 - - 1 Doubtful - - - - - - - - - Total Consumer $ 3,680 $ 5,723 $ 4,042 $ 498 $ 525 $ 1,507 $ 27,638 $ 145 $ 43,758 * - Revolving loans include $506,000 in overdrawn demand deposit balances. (continued) (continued) Term Loans Amortized Cost Basis by Origination Year Revolving Revolving loans loans (in thousands) amortized converted June 30, 2020 2020 2019 2018 2017 2016 Prior cost basis to term Total Leases Risk rating Pass $ 1,692 $ 2,238 $ 2,495 $ 1,774 $ 3,272 $ 2,502 $ - $ - $ 13,973 OAEM - - 34 - - 4 - - 38 Substandard - - - - 832 - - - 832 Substandard non-performing - - - - - - - - - Doubtful - - - - - - - - - Total Consumer $ 1,692 $ 2,238 $ 2,529 $ 1,774 $ 4,104 $ 2,506 $ - $ - $ 14,843 Credit cards - commercial Risk rating Pass $ - $ - $ - $ - $ - $ - $ 8,862 $ - $ 8,862 OAEM - - - - - - - - - Substandard - - - - - - - - - Substandard non-performing - - - - - - - - - Doubtful - - - - - - - - - Total Consumer $ - $ - $ - $ - $ - $ - $ 8,862 $ - $ 8,862 Total loans Risk rating Pass $ 1,197,796 $ 597,341 $ 445,817 $ 299,651 $ 233,195 $ 238,886 $ 361,245 $ 22,976 $ 3,396,907 OAEM 61 2,590 12,680 985 1,913 237 1,255 - 19,721 Substandard 9,465 10,927 1,394 223 1,149 438 9,591 - 33,187 Substandard non-performing 9,727 - 20 1,215 47 2,810 - 443 14,262 Doubtful - - - - - - - - - Total Loans $ 1,217,049 $ 610,858 $ 459,911 $ 302,074 $ 236,304 $ 242,371 $ 372,091 $ 23,419 $ 3,464,077 Bancorp considers the performance of the loan portfolio and its impact on the ACL. For certain loan classes, such as credit cards, credit quality is evaluated based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the recorded investment in commercial credit cards based on payment activity: June, 30 (in thousands) 2020 Credit cards - commercial Performing $ 8,862 Non-performing — Total credit cards - commercial $ 8,862 Internally assigned risk ratings of loans by loan portfolio class classification category as of December 31, 2019 (in thousands) Substandard Total December 31, 2019 Pass OAEM Substandard Non-performing Doubtful Loans Commercial and industrial $ 840,105 $ 704 $ 21,500 $ 8,202 $ — $ 870,511 Construction and development, excluding undeveloped land 213,822 — — — — 213,822 Undeveloped land 46,360 — — — — 46,360 Real estate mortgage: Commercial investment 722,747 6,459 6,275 1,137 — 736,618 Owner occupied commercial 460,981 1,375 9,050 2,377 — 473,783 1-4 family residential 332,294 1,701 122 241 — 334,358 Home equity - first lien 48,620 — — — — 48,620 Home equity - junior lien 73,273 — 17 187 — 73,477 Subtotal: Real estate mortgage 1,637,915 9,535 15,464 3,942 — 1,666,856 Consumer 47,429 — 38 — — 47,467 Total $ 2,785,631 $ 10,239 $ 37,002 $ 12,144 $ — $ 2,845,016 Troubled Debt Restructurings Detail of outstanding TDRs included in total non-performing loans follows: June 30, 2020 December 31, 2019 Specific Additional Specific Additional reserve commitment reserve commitment (in thousands) Balance allocation to lend Balance allocation to lend Commercial and industrial - term $ 19 $ 19 $ — $ 21 $ 21 $ — Residential real estate — — — 13 13 — Consumer 26 26 — — — — Total TDRs $ 45 $ 45 $ — $ 34 $ 34 $ — In March 2020, No. 2020 04, 848 Facilitation of the Effects of Reference Rate Reform on Financial Reporting March 12, 2020 December 31, 2022. In accordance with Section 4013 90 180 June 30, 2020, three April, not not second July, July 31, 2020, two During the three six June 30, 2020 2019, no 12 90 At June 30, 2020 December 31, 2019, Purchased Credit Impaired Loans (Prior to the Adoption o f ASC 326 ) Management utilized the following criteria in determining which loans were classified as PCI loans for its 2019 ● Loans classified by management as substandard, doubtful or loss ● Loans classified as non-accrual when acquired ● Loans past due 90 ● Loans for which management assigned a non-accretable mark The Bank acquired $1.6 million in PCI loans in connection with its 2019 310 30, June 30, 2020. The following table presents a roll forward of the accretable amount of PCI loans acquired in its 2013 Three months ended Six months ended (in thousands) June 30, 2019 June 30, 2019 Balance, beginning of period $ (62 ) $ (68 ) Transfers between non-accretable and accretable — — Net accretion into interest income on loans, including loan fees 5 11 Balance, end of period $ (57 ) $ (57 ) |
Note 5 - Goodwill and Intangibl
Note 5 - Goodwill and Intangible Assets | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | ( 5 Goodwill and Intangible Assets Goodwill and intangible assets consist of the following: (in thousands) June 30, 2020 December 31, 2019 Goodwill $ 12,513 $ 12,513 Core deposit intangibles 2,122 2,285 Mortgage servicing rights 1,888 1,372 Goodwill represents $11.8 million related to the May 1, 2019 1996 Acquisition ” May 2019 March 31, 2020, 12 GAAP requires that goodwill and intangible assets with indefinite useful lives not September 30 September 30, 2019, not not not not two September 30, 2019. March 31, 2020 June 30, 2020, 19 not not Changes in the carrying value of goodwill follows: Three months ended Six months ended June 30, June 30, (in thousands) 2020 2019 2020 2019 Balance at beginning of period $ 12,513 $ 682 $ 12,513 $ 682 Goodwill acquired — 12,144 — 12,144 Recast adjustments — — — — Impairment — — — — Balance at end of period $ 12,513 $ 12,826 $ 12,513 $ 12,826 Bancorp recorded CDI assets of $1.5 million and $2.5 million in association with its May 1, 2019 2013 Acquisition ” Changes in the net carrying amount of CDIs follows: Three months ended Six months ended June 30, June 30, (in thousands) 2020 2019 2020 2019 Balance at beginning of period $ 2,203 $ 1,015 $ 2,285 $ 1,056 Core deposit intangible acquired — 1,519 — 1,519 Amortization (81 ) (73 ) (163 ) (114 ) Balance at end of period $ 2,122 $ 2,461 $ 2,122 $ 2,461 MSRs, a component of other assets, are initially recognized at fair value when mortgage loans are sold with servicing retained. The MSRs are amortized in proportion to and over the period of estimated net servicing income, considering appropriate prepayment assumptions. MSRs are evaluated quarterly for impairment by comparing carrying value to fair value. Fair value is based on a valuation model that calculates the PV of estimated net servicing income. The model incorporates assumptions that market participants would use in estimating future net servicing income. The estimated fair value of MSRs at both June 30, 2020 December 31, 2019 $3 June 30, 2020 December 31, 2019, Changes in the net carrying amount of MSRs follows: Three months ended Six months ended June 30, June 30, (in thousands) 2020 2019 2020 2019 Balance at beginning of period $ 1,446 $ 1,070 $ 1,372 $ 1,022 Additions for mortgage loans sold 511 134 641 214 Amortization (69 ) (36 ) (125 ) (68 ) Impairment — — — — Balance at end of period $ 1,888 $ 1,168 $ 1,888 $ 1,168 Total outstanding principal balances of loans serviced for others were $349 million and $327 million at June 30, 2020 December 31, 2019, |
Note 6 - Income Taxes
Note 6 - Income Taxes | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | ( 6 Income Taxes Components of income tax expense (benefit) from operations follow: Three months ended Six months ended June 30, June 30, (in thousands) 2020 2019 2020 2019 Current income tax expense: Federal $ 4,363 $ 3,772 $ 6,205 $ 6,498 State 209 189 340 330 Total current income tax expense 4,572 3,961 6,545 6,828 Deferred income tax expense (benefit): Federal (1,798 ) 224 (1,146 ) 789 State (427 ) (3,155 ) (803 ) (4,768 ) Total deferred income tax expense (benefit) (2,225 ) (2,931 ) (1,949 ) (3,979 ) Change in valuation allowance 1 — 2 20 Total income tax expense $ 2,348 $ 1,030 $ 4,598 $ 2,869 An analysis of the difference between the statutory and ETR from operations follows: Three months ended Six months ended June 30, June 30, 2020 2019 2020 2019 U.S. federal statutory income tax rate 21.0 % 21.0 % 21.0 % 21.0 % Tax credits (5.9 ) (0.7 ) (5.9 ) (0.7 ) Kentucky state income tax enactments (1.7 ) (14.1 ) (1.9 ) (10.7 ) Change in cash surrender value of life insurance (2.0 ) (0.6 ) (0.4 ) (0.9 ) State income taxes, net of federal benefit 0.6 0.8 0.8 0.8 Excess tax benefit from stock-based compensation arrangements (0.4 ) (0.4 ) - (1.1 ) Tax exempt interest income (0.2 ) (0.3 ) (0.3 ) (0.3 ) Other, net 3.5 0.2 1.4 0.1 Effective tax rate 14.9 % 5.9 % 14.7 % 8.2 % Current state income tax expense represents tax owed to the state of Indiana. Kentucky and Ohio state bank taxes are currently based on capital levels and are recorded as other non-interest expense. The ETR at June 30, 2020 one 2020. In March 2019, HB354 2021. two first 2019, 2019. 2021. In April 2019, HB458 2021 second 2019, 2019. 2020. GAAP provides guidance on financial statement recognition and measurement of tax positions taken, or expected to be taken, in tax returns. If recognized, tax benefits would reduce tax expense and accordingly, increase net income. The amount of unrecognized tax benefits may June 30, 2020 December 31, 2019, 2015. |
Note 7 - Deposits
Note 7 - Deposits | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | ( 7 Deposits The composition of the Bank’s deposits follows: (in thousands) June 30, 2020 December 31, 2019 Non-interest bearing demand deposits $ 1,205,253 $ 810,475 Interest bearing deposits: Interest bearing demand 1,147,357 979,595 Savings 196,655 169,622 Money market 761,256 742,029 Time deposits of $250 thousand or more 76,954 81,412 Other time deposits(1) 339,681 350,805 Total time deposits 416,635 432,217 Total interest bearing deposits 2,521,903 2,323,463 Total deposits $ 3,727,156 $ 3,133,938 ( 1 in broke red deposits as of both June 30 , 2020 December 31, 2019 . Deposits totaling $126 million were acquired on May 1, 2019, |
Note 8 - Securities Sold Under
Note 8 - Securities Sold Under Agreements to Repurchase | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block] | ( 8 Securities Sold Under Agreements to Repurchase SSUAR represent a funding source of Bancorp and are primarily used by commercial customers in conjunction with collateralized corporate cash management accounts. Such repurchase agreements are considered financing agreements and mature within one June 30, 2020, Information concerning SSUAR follows: (dollars in thousands) June 30, 2020 December 31, 2019 Outstanding balance at end of period $ 42,722 $ 31,895 Weighted average interest rate at end of period 0.08 % 0.22 % Three months ended Six months ended June 30, June 30, (dollars in thousands) 2020 2019 2020 2019 Average outstanding balance during the period $ 41,517 $ 39,969 $ 37,465 $ 38,755 Average interest rate during the period 0.08 % 0.28 % 0.13 % 0.28 % Maximum outstanding at any month end during the period $ 42,722 $ 43,160 $ 42,722 $ 43,160 |
Note 9 - FHLB Advances
Note 9 - FHLB Advances | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Federal Home Loan Bank Advances, Disclosure [Text Block] | ( 9 FHLB Advances Bancorp had 49 separate advances totaling $61 million outstanding as of June 30, 2020 December 31, 2019. 2019 2028. Acquisition June 30, 2020, The following is a summary of the contractual maturities and average effective rates of outstanding advances: (dollars in thousands) June 30, 2020 December 31, 2019 Maturity Weighted average Weighted average Year Advance Fixed Rate Advance Fixed Rate 2020 $ 37,533 0.67 % $ 50,004 1.99 % 2021 2,281 2.57 2,400 2.52 2022 — — — — 2023 360 1.01 456 1.00 2024 1,479 2.36 2,023 2.36 2025 3,055 2.43 3,774 2.41 2026 5,625 1.95 8,156 1.96 2027 6,323 1.75 7,445 1.73 2028 4,776 2.33 5,695 2.32 Total $ 61,432 1.22 % $ 79,953 2.02 % FHLB advances are collateralized by certain CRE and residential real estate mortgage loans under blanket mortgage collateral pledge agreements, as well as Bancorp’s PPP loan portfolio and FHLB stock. Bancorp views these advances as an effective lower-costing alternative to brokered deposits to fund loan growth. At June 30, 2020 December 31, 2019, June 30, 2020 December 31, 2019, second |
Note 10 - Commitments and Conti
Note 10 - Commitments and Contingent Liabilities | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | ( 10 Commitments and Contingent Liabilities As of June 30, 2020 December 31, 2019, not (in thousands) June 30, 2020 December 31, 2019 Commercial and industrial $ 501,632 $ 416,195 Construction and development 229,676 240,503 Home equity 167,409 155,920 Credit cards 30,789 26,439 Overdrafts 34,149 32,715 Letters of credit 22,352 24,193 Other 44,782 40,083 Future loan commitments 207,847 236,885 Total off balance sheet commitments to extend credit $ 1,238,636 $ 1,172,933 Commitments to extend credit are an agreement to lend to a customer either unsecured or secured, as long as collateral is available as agreed upon and there is no not may At June 30, 2020 December 31, 2019, 326 January 1, 2020, December 31, 2019 no Standby letters of credit are conditional commitments issued by Bancorp to guarantee the performance of a customer to a first one two Certain commercial customers require confirmation of Bancorp’s letters of credit by other banks since Bancorp does not one one six June 30, 2020, No As of June 30, 2020, not |
Note 11 - Assets and Liabilitie
Note 11 - Assets and Liabilities Measured and Reported at Fair Value | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block] | ( 11 Assets and Liabilities Measured and Reported at Fair Value Fair value represents the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three may Level 1 Level 2 1 not Level 3 The methods of determining the fair value of assets and liabilities presented in this note are consistent with the methodologies disclosed in Bancorp’s 2019 10 Assets and liabilities measured at fair value on a recurring basis are summarized as follows: Fair Value Measurements Using Total June 30, 2020 (in thousands) Level 1 Level 2 Level 3 Fair Value Assets: Available for sale debt securities: Government sponsored enterprise obligations $ — $ 204,411 $ — $ 204,411 Mortgage backed securities - government agencies — 270,254 — 270,254 Obligations of states and political subdivisions — 10,584 — 10,584 Total available for sale debt securities — 485,249 — 485,249 Interest rate swaps — 9,895 — 9,895 Total assets $ — $ 495,144 $ — $ 495,144 Liabilities: Interest rate swaps $ — $ 10,283 $ — $ 10,283 Fair Value Measurements Using Total December 31, 2019 (in thousands) Level 1 Level 2 Level 3 Fair Value Assets: Available for sale debt securities: U.S. Treasury and other U.S. government obligations $ 49,897 $ — $ — $ 49,897 Government sponsored enterprise obligations — 209,944 — 209,944 Mortgage backed securities - government agencies — 193,861 — 193,861 Obligations of states and political subdivisions — 17,036 — 17,036 Total available for sale debt securities 49,897 420,841 — 470,738 Interest rate swaps — 2,696 — 2,696 Total assets $ 49,897 $ 423,537 $ — $ 473,434 Liabilities: Interest rate swaps $ — $ 2,767 $ — $ 2,767 There were no 3 2020 2019. Assets measured at fair value on a non-recurring basis are summarized as follows: Losses recorded Three months Six months Fair Value Measurements Using Total ended ended June 30, 2020 (in thousands) Level 1 Level 2 Level 3 Fair Value June 30, 2020 June 30, 2020 Collateral dependent loans $ — $ — $ 8,434 $ 8,434 $ — $ — Other real estate owned — — 493 493 — — Losses recorded Three months Six months Fair Value Measurements Using Total ended ended December 31, 2019 (in thousands) Level 1 Level 2 Level 3 Fair Value June 30, 2019 June 30, 2019 Impaired loans $ — $ — $ 7,253 $ 7,253 $ — $ — Other real estate owned — — 493 493 — — There were no liabilities measured at fair value on a non-recurring basis at June 30, 2020 December 31, 2019. For Level 3 June 30, 2020 (dollars in thousands) Fair Value Valuation Technique Unobservable Inputs Weighted Average Collateral dependent loans $ 8,434 Appraisal Appraisal discounts 7.2 % Other real estate owned 493 Appraisal Appraisal discounts 17.1 December 31, 2019 (dollars in thousands) Fair Value Valuation Technique Unobservable Inputs Weighted Average Impaired loans - collateral dependent $ 7,253 Appraisal Appraisal discounts 60.3 % Other real estate owned 493 Appraisal Appraisal discounts 17.1 Collateral Dependent Loans with an ACL (Impaired Loans with Specific Reserves prior to the adoption of ASC 326 third may no one three third may Other Real Estate Owned third may no one three third The estimated fair values of Bancorp’s financial instruments not (in thousands) Carrying Fair Value Measurements Using June 30, 2020 amount Fair value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 224,394 $ 224,394 $ 224,394 $ — $ — Mortgage loans held for sale 17,364 18,008 — 18,008 — Federal Home Loan Bank stock 11,284 11,284 — 11,284 — Loans, net 3,416,369 3,454,659 — — 3,454,659 Accrued interest receivable 13,535 13,535 13,535 — — Liabilities Non-interest bearing deposits $ 1,205,253 $ 1,205,253 $ — $ 1,205,253 $ — Transaction deposits 2,105,268 2,105,268 — 2,105,268 — Time deposits 416,635 422,131 — 422,131 — Securities sold under agreement to repurchase 42,722 42,722 — 42,722 — Federal funds purchased 8,401 8,401 — 8,401 — Federal Home Loan Bank advances 61,432 63,436 — 63,436 — Accrued interest payable 471 471 471 — — (in thousands) Carrying Fair Value Measurements Using December 31, 2019 amount Fair value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 249,724 $ 249,724 $ 249,724 $ — $ — Mortgage loans held for sale 8,748 8,923 — 8,923 — Federal Home Loan Bank stock 11,284 11,284 — 11,284 — Loans, net 2,818,225 2,841,767 — — 2,841,767 Accrued interest receivable 8,534 8,534 8,534 — — Liabilities Non-interest bearing deposits $ 810,475 $ 810,475 $ — $ 810,475 $ — Transaction deposits 1,891,246 1,891,246 — 1,891,246 — Time deposits 432,217 434,927 — 434,927 — Securities sold under agreement to repurchase 31,895 31,895 — 31,895 — Federal funds purchased 10,887 10,887 — 10,887 — Federal Home Loan Bank advances 79,953 80,906 — 80,906 — Accrued interest payable 640 640 640 — — Fair value estimates are made at a specific point in time based on relevant market information and information about financial instruments. Because no may not |
Note 12 - Other Comprehensive I
Note 12 - Other Comprehensive Income (Loss) | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | ( 12 Other Comprehensive Income (Loss) The following table illustrates activity within the balances of AOCI by component: (in thousands) Net unrealized gains (losses) on available for sale debt securities Net unrealized gains (losses) on cash flow hedges Minimum pension liability adjustment Total Three months ended June 30, 2020 Balance, March 31, 2020 $ 7,123 $ (302 ) $ (369 ) $ 6,452 Net current period other comprehensive income (loss) 2,343 21 — 2,364 Balance, June 30, 2020 $ 9,466 $ (281 ) $ (369 ) $ 8,816 Three months ended June 30, 2019 Balance, March 31, 2019 $ (2,536 ) $ 234 $ (211 ) $ (2,513 ) Net current period other comprehensive income (loss) 3,827 (248 ) — 3,579 Balance, June 30, 2019 $ 1,291 $ (14 ) $ (211 ) $ 1,066 (in thousands) Net unrealized gains (losses) on available for sale debt securities Net unrealized gains (losses) on cash flow hedges Minimum pension liability adjustment Total Six months ended June 30, 2020 Balance, January 1, 2020 $ 1,085 $ (39 ) $ (369 ) $ 677 Net current period other comprehensive income (loss) 8,381 (242 ) — 8,139 Balance, June 30, 2020 $ 9,466 $ (281 ) $ (369 ) $ 8,816 Six months ended June 30, 2019 Balance, January 1, 2019 $ (5,330 ) $ 408 $ (220 ) $ (5,142 ) Net current period other comprehensive income (loss) 6,621 (422 ) 9 6,208 Balance, June 30, 2019 $ 1,291 $ (14 ) $ (211 ) $ 1,066 |
Note 13 - Preferred Stock
Note 13 - Preferred Stock | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Preferred Stock [Text Block] | ( 13 Preferred Stock Bancorp has one None |
Note 14 - Net Income Per Share
Note 14 - Net Income Per Share | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | ( 14 Net Income Per Share The following table reflects net income (numerator) and average shares outstanding (denominator) for basic and diluted net income per share computations: Three months ended Six months ended June 30, June 30, (in thousands, except per share data) 2020 2019 2020 2019 Net income $ 13,368 $ 16,543 $ 26,600 $ 32,184 Weighted average shares outstanding - basic 22,560 22,689 22,538 22,675 Dilutive securities 179 260 199 273 Weighted average shares outstanding- diluted 22,739 22,949 22,737 22,948 Net income per share - basic $ 0.59 $ 0.73 $ 1.18 $ 1.42 Net income per share - diluted 0.59 0.72 1.17 1.40 Certain SARs that were excluded from the EPS calculation because their impact was antidilutive were as follows: Three months ended Six months ended (in thousands) June 30, June 30, 2020 2019 2020 2019 Antidilutive SARs 248 200 248 200 |
Note 15 - Stock-based Compensat
Note 15 - Stock-based Compensation | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | ( 15 Stock-Based Compensation The fair value of all stock-based awards granted, net of estimated forfeitures, is recognized as compensation expense over the respective service period. At Bancorp's 2015 2015 2005 2015 2018, June 30, 2020, 2005 April 2015 2025. 2015 no SAR Grants – ten Fair values of SARs are estimated at the date of grant using the Black-Scholes option-pricing model, a leading formula for calculating such value. This model requires the input of assumptions, changes to which can materially impact the fair value estimate. The following assumptions were used in SAR valuations at the grant date in each year: Assumptions 2020 2019 Dividend yield 2.51 % 2.52 % Expected volatility 20.87 % 20.40 % Risk free interest rate 1.25 % 2.55 % Expected life (in years) 7.1 7.2 Dividend yield and expected volatility are based on historical information for Bancorp corresponding to the expected life of SARs granted. Expected volatility is the volatility of underlying shares for the expected term calculated on a monthly basis. The risk free interest rate is the implied yield currently available on U.S. Treasury issues with a remaining term equal to the expected life of the awards. The expected life of SARs is based on actual experience of past like-term SARs. Bancorp evaluates historical exercise and post-vesting termination behavior when determining the expected life. RSA Grants five 2015, 2015 PSU Grants three January 1 first not one 2020 2019. RSU Grants In the first 2020 2019, Bancorp utilized cash of $224,000 and $272,000 during the first six 2020 2019, Bancorp has recognized stock-based compensation expense for SARs, RSAs and PSUs within compensation expense and RSUs for directors within other non-interest expense, as follows: Three months ended June 30, 2020 (in thousands) Stock Appreciation Rights Restricte Stock Awards Restricted Stock Units Performance Stock Units Total Expense $ 87 $ 317 $ 67 $ 505 $ 976 Deferred tax benefit (18 ) (67 ) (14 ) (106 ) (205 ) Total net expense $ 69 $ 250 $ 53 $ 399 $ 771 Three months ended June 30, 2019 (in thousands) Stock Appreciation Rights Restricte Stock Awards Restricted Stock Units Performance Stock Units Total Expense $ 86 $ 306 $ 83 $ 518 $ 993 Deferred tax benefit (18 ) (65 ) (17 ) (109 ) (209 ) Total net expense $ 68 $ 241 $ 66 $ 409 $ 784 Six months ended June 30, 2020 (in thousands) Stock Appreciation Rights Restricted Stock Awards Restricted Stock Units Performance Stock Units Total Expense $ 177 $ 643 $ 135 $ 838 $ 1,793 Deferred tax benefit (37 ) (135 ) (28 ) (177 ) (377 ) Total net expense $ 140 $ 508 $ 107 $ 661 $ 1,416 Six months ended June 30, 2019 (in thousands) Stock Appreciation Rights Restricted Stock Awards Restricted Stock Units Performance Stock Units Total Expense $ 170 $ 599 $ 164 $ 923 $ 1,856 Deferred tax benefit (36 ) (126 ) (34 ) (194 ) (390 ) Total net expense $ 134 $ 473 $ 130 $ 729 $ 1,466 Detail of unrecognized stock-based compensation expense follows: (in thousands) Year ended Stock Appreciation Rights Restricted Stock Awards Restricted Stock Units Performance Stock Units Total Remainder of 2020 $ 176 $ 636 $ 135 $ 1,182 $ 2,129 2021 304 1,090 1 952 2,347 2022 249 823 — 490 1,562 2023 174 580 — — 754 2024 68 305 — — 373 2025 9 29 — — 38 Total estimated expense $ 980 $ 3,463 $ 136 $ 2,624 $ 7,203 The following table summarizes SARs Weighted Weighted Weighted average average Aggregate average remaining Exercise exercise intrinsic fair contractual (in thousands, except per share data) SARs price price value (1) value life (in years) Outstanding, January 1, 2019 731 $14.02 - $40.00 $ 22.42 $ 8,422 $ 3.83 5.2 Granted 53 36.65 - 38.18 37.01 213 6.24 Exercised (143 ) 14.02 - 22.96 15.99 3,025 3.47 Forfeited — — — — — Outstanding, December 31, 2019 641 $14.02 - $40.00 $ 25.06 $ 10,250 $ 4.10 5.3 Outstanding, January 1, 2020 641 $14.02 - $40.00 $ 25.06 $ 10,250 $ 4.10 5.3 Granted 48 37.30 - 37.30 37.30 140 5.80 Exercised (12 ) 14.02 - 15.84 15.19 279 3.09 Forfeited — — — — — Outstanding, June 30, 2020 677 $15.24 - $40.00 $ 26.10 $ 9,550 $ 4.24 5.2 Vested and exercisable 485 $15.24 - $40.00 $ 21.87 $ 8,887 $ 3.62 3.9 Unvested 192 24.56 - 40.00 36.76 663 5.81 8.3 Outstanding, June 30, 2020 677 $15.24 - $40.00 $ 26.10 $ 9,550 $ 4.24 5.2 Vested at June 30, 2020 57 $22.96 - $40.00 $ 30.80 $ 537 $ 5.02 ( 1 - In trinsic value for SARs is defined as the amount by which the current market price of the underlying stock exceeds the exercise or grant price. The following table summarizes activity for RSAs Grant date weighted (in thousands, except per share data) RSAs average cost Unvested at January 1, 2019 110 $ 32.09 Shares awarded 40 34.88 Restrictions lapsed and shares released (40 ) 28.74 Shares forfeited (2 ) 35.36 Unvested at December 31, 2019 108 $ 34.31 Unvested at January 1, 2020 108 $ 34.31 Shares awarded 36 39.30 Restrictions lapsed and shares released (38 ) 32.13 Shares forfeited (1 ) 36.70 Unvested at June 30, 2020 105 $ 36.81 Shares expected to be awarded for PSUs three January 1 Vesting Expected Grant period Fair shares to year in years value be awarded 2018 3 $ 31.54 71,932 2019 3 32.03 43,603 2020 3 32.27 45,577 |
Note 16 - Derivative Financial
Note 16 - Derivative Financial Instruments | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ( 16 Derivative Financial Instruments Periodically, Bancorp enters into interest rate swap transactions with borrowers who desire to hedge exposure to rising interest rates, while at the same time entering into an offsetting interest rate swap, with substantially matching terms, with another approved independent counterparty. These are undesignated derivative instruments and are recognized on the balance sheet at fair value. Because of matching terms of offsetting contracts and collateral provisions mitigating any non-performance risk, changes in fair value subsequent to initial recognition have an insignificant effect on earnings. Exchanges of cash flows related to undesignated interest rate swap agreements were offsetting and therefore had no Interest rate swap agreements derive their value from underlying interest rates. These transactions involve both credit and market risk. Notional amounts are amounts on which calculations, payments and the value of the derivative are based. Notional amounts do not not Bancorp had outstanding undesignated interest rate swap contracts as follows: Receiving Paying June 30, December 31, June 30, December 31, (dollars in thousands) 2020 2019 2020 2019 Notional amount $ 103,526 $ 99,000 $ 103,526 $ 99,000 Weighted average maturity (years) 7.9 8.2 7.9 8.2 Fair value $ 9,895 $ 2,696 $ 9,914 $ 2,767 In 2015, three December 9, 2015 December 6, 2020. 2016, three December 6, 2016 December 6, 2021. The following table details the notional and fair value amounts of Bancorp’s derivative positions designated as cash flow hedges: (dollars in thousands) Fair value Notional Maturity Receive (variable) Pay fixed assets (liabilities) amount date index swap rate June 30, 2020 December 31, 2019 $ 10,000 12/6/2021 US 3 Month LIBOR 1.89 % $ (239 ) $ (45 ) 20,000 12/6/2020 US 3 Month LIBOR 1.79 % (130 ) (6 ) $ 30,000 1.82 % $ (369 ) $ (51 ) |
Note 17 - Regulatory Matters
Note 17 - Regulatory Matters | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | ( 17 Regulatory Matters Bancorp and the Bank are subject to capital regulations in accordance with Basel III, as administered by banking regulators. Regulatory agencies measure capital adequacy within a framework that makes capital requirements, in part, dependent on the individual risk profiles of financial institutions. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on Bancorp’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, Bancorp and the Bank must meet specific capital guidelines that involve quantitative measures of Bancorp’s assets, liabilities and certain off-balance sheet items, as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators regarding components, risk weightings and other factors. Banking regulators have categorized the Bank as well-capitalized. The regulations in accordance with Basel III define “well capitalized” as a 6.5% Common Equity Tier 1 1 1 1 June 30, 2020 December 31, 2019. June 30, 2020 December 31, 2019, Bancorp continues to exceed the regulatory requirements to be considered “well-capitalized” for Total Risk Based Capital, Common Equity Tier I Risk Based Capital, Tier I Risk Based Capital and Tier I Leverage. Bancorp and the Bank intend to maintain a capital position that meets or exceeds the well-capitalized requirements as defined by the FRB and the FDIC, in addition to the Capital Conservation Buffer. There are no June 30, 2020 As permitted by the interim final rule issued on March 27, 2020 326 Financial Instruments – Credit Losses ,” , January 1, 2020. 326, 25% 326 two two three 75% 50% four 25% five not 326 Dividends paid by Bancorp are limited to, without prior regulatory approval, current year earnings and earnings less dividends paid during the preceding two The following table sets forth consolidated Bancorp’s and the Bank’s risk based capital amounts and ratios: (dollars in thousands) Actual Minimum for adequately capitalized Minimum for well capitalized June 30, 2020 Amount Ratio Amount Ratio Amount Ratio Total risk-based capital (1) Consolidated $ 446,117 13.50 % $ 264,297 8.00 % NA NA Bank 430,654 13.07 263,610 8.00 $ 329,512 10.00 % Common equity tier 1 risk-based capital Consolidated 409,251 12.39 148,667 4.50 NA NA Bank 393,788 11.95 148,280 4.50 214,183 6.50 Tier 1 risk-based capital (1) Consolidated 409,251 12.39 198,223 6.00 NA NA Bank 393,788 11.95 197,707 6.00 263,610 8.00 Leverage (2) Consolidated 409,251 9.50 172,277 4.00 NA NA Bank 393,788 9.15 172,124 4.00 215,155 5.00 (dollars in thousands) Actual Minimum for adequately capitalized Minimum for well capitalized December 31, 2019 Amount Ratio Amount Ratio Amount Ratio Total risk-based capital (1) Consolidated $ 418,460 12.85 % $ 260,448 8.00 % NA NA Bank 396,299 12.20 259,823 8.00 $ 324,778 10.00 % Common equity tier 1 risk-based capital Consolidated 391,319 12.02 146,502 4.50 NA NA Bank 369,158 11.37 146,150 4.50 211,106 6.50 Tier 1 risk-based capital (1) Consolidated 391,319 12.02 195,336 6.00 NA NA Bank 369,158 11.37 194,867 6.00 259,823 8.00 Leverage (2) Consolidated 391,319 10.60 147,733 4.00 NA NA Bank 369,158 10.67 138,392 4.00 172,990 5.00 ( 1 ( 2 NA – Not |
Note 18 - Segments
Note 18 - Segments | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | ( 18 Segments Bancorp’s principal activities include commercial banking and WM&T. Commercial banking provides a full range of loan and deposit products to individual consumers and businesses. Commercial banking also includes Bancorp’s mortgage banking and investment products sales activity. WM&T provides custom-tailored financial planning, investment management, company retirement plan management, retirement planning, trust and estate services in all markets in which Bancorp operates. The magnitude of WM&T revenue distinguishes Bancorp from other community banks of similar asset size. Financial information for each business segment reflects that which is specifically identifiable or allocated based on an internal allocation method. Income taxes are allocated based on the effective federal income tax rate adjusted for any tax-exempt activity. All tax-exempt activity and provision have been allocated fully to the commercial banking segment. Measurement of performance of business segments is based on the management structure of Bancorp and is not not Principally, all of the net assets of Bancorp are involved in the commercial banking segment. Goodwill of $12.5 million, of which $682,000 relates to a bank acquisition in 1996 May 2019 not Selected financial information by business segment follows: Three months ended June 30, 2020 Three months ended June 30, 2019 (dollars in thousands) Commercial Banking WM&T Total Commercial Banking WM&T Total Net interest income $ 33,443 $ 85 $ 33,528 $ 30,718 $ 84 $ 30,802 Provision for credit losses 5,550 — 5,550 — — — Wealth management and trust services — 5,726 5,726 — 5,662 5,662 All other non-interest income 6,896 — 6,896 6,562 — 6,562 Non-interest expenses 21,763 3,121 24,884 22,286 3,167 25,453 Income before income tax expense 13,026 2,690 15,716 14,994 2,579 17,573 Income tax expense 1,764 584 2,348 471 559 1,030 Net income $ 11,262 $ 2,106 $ 13,368 $ 14,523 $ 2,020 $ 16,543 Segment assets 4,330,893 $ 3,640 $ 4,334,533 3,460,040 $ 3,783 $ 3,463,823 Six months ended June 30, 2020 Six months ended June 30, 2019 (dollars in thousands) Commercial Banking WM&T Total Commercial Banking WM&T Total Net interest income $ 65,804 $ 170 $ 65,974 $ 60,326 $ 160 $ 60,486 Provision for credit losses 11,100 — 11,100 600 — 600 Wealth management and trust services — 11,944 11,944 — 11,101 11,101 All other non-interest income 13,214 — 13,214 12,131 — 12,131 Non-interest expenses 42,401 6,433 48,834 41,865 6,200 48,065 Income before income tax expense 25,517 5,681 31,198 29,992 5,061 35,053 Income tax expense 3,365 1,233 4,598 1,771 1,098 2,869 Net income $ 22,152 $ 4,448 $ 26,600 $ 28,221 $ 3,963 $ 32,184 Segment assets 4,330,893 $ 3,640 $ 4,334,533 3,460,040 $ 3,783 $ 3,463,823 |
Note 19 - Revenue From Contract
Note 19 - Revenue From Contracts With Customers | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | ( 19 Revenue from Contracts with Customers All of Bancorp’s revenue from contracts with customers in the scope of ASC 606 606 Three months ended June 30, 2020 Three months ended June 30, 2019 (dollars in thousands) Commercial Banking WM&T Total Commercial WM&T Total Wealth management and trust services $ — $ 5,726 $ 5,726 $ — $ 5,662 $ 5,662 Deposit service charges 800 — 800 1,260 — 1,260 Debit and credit card income 2,063 — 2,063 2,168 — 2,168 Treasury management fees 1,249 — 1,249 1,202 — 1,202 Mortgage banking income(1) 1,622 — 1,622 760 — 760 Net investment product sales commissions and fees 391 — 391 364 — 364 Bank owned life insurance(1) 176 — 176 184 — 184 Other(2) 595 — 595 624 — 624 Total non-interest income $ 6,896 $ 5,726 $ 12,622 $ 6,562 $ 5,662 $ 12,224 Six months ended June 30, 2020 Six months ended June 30, 2019 (Dollars in thousands) Commercial Banking WM&T Total Commercial WM&T Total Wealth management and trust services $ — $ 11,944 $ 11,944 $ — $ 11,101 $ 11,101 Deposit service charges 2,083 — 2,083 2,438 — 2,438 Debit and credit card income 4,043 — 4,043 3,912 — 3,912 Treasury management fees 2,533 — 2,533 2,359 — 2,359 Mortgage banking income(1) 2,468 — 2,468 1,210 — 1,210 Net investment product sales commissions and fees 857 — 857 720 — 720 Bank owned life insurance(1) 355 — 355 362 — 362 Other(2) 875 — 875 1,130 — 1,130 Total non-interest income $ 13,214 $ 11,944 $ 25,158 $ 12,131 $ 11,101 $ 23,232 ( 1 606. ( 2 606, Bancorp’s revenue on the consolidated statement of income is categorized by product type, which effectively depicts how the nature, timing and extent of cash flows are affected by economic factors. Revenue sources within the scope of ASC 606 Bancorp earns fees from its deposit customers for transaction-based, account management and overdraft services. Transaction-based fees, which include services such as ATM use fees, stop payments fees and ACH fees, are recognized at the time the transaction is executed, as that is when the company fulfills the performance obligation. Account management fees are earned over the course of a month and charged in the month in which the services are provided. Treasury management transaction fees are recognized at the time the transaction is executed, as that is when the company fulfills the performance obligation. Account management fees are earned over the course of a month and charged in the month in which the services are provided. Treasury management fees are withdrawn from customers’ account balances. WM&T provides customers fiduciary and investment management services as agreed upon in asset management contracts. The contracts require WM&T to provide a series of distinct services for which fees are earned over time. The contracts are cancellable upon demand with fees typically based upon the asset value of investments. Revenue is accrued and recognized monthly based upon month-end asset values and collected from the customer predominately in the following month except for a small percentage of fees collected quarterly. Incentive compensation related to WM&T activities is considered a cost of obtaining the contract. Contracts between WM&T and clients do not none June 30, 2020 December 31, 2019. Investment products sales commissions and fees represent the Bank’s share of transaction fees and wrap fees resulting from investment services and programs provided through an agent relationship with a third third not six June 30, 2020 2019. Debit and credit card revenue primarily consists of debit and credit card interchange income. Interchange income represents fees assessed within the payment card system for acceptance of card-based transactions. Interchange fees are assessed as the performance obligation is satisfied, which is at the point in time the card transaction is authorized. Revenue is collected and recognized daily through the payment network settlement process. Bancorp did not 606, six June 30, 2020. |
Note 20 - Leases
Note 20 - Leases | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | ( 20 Leases Bancorp has operating leases for various branch locations with terms ranging from one five 12 not Balance sheet, income statement and cash flow detail regarding operating leases follows: (in thousands) Balance Sheet June 30, 2020 December 31, 2019 Operating lease right-of-use assets $ 11,547 $ 12,737 Operating lease liabilities 12,992 14,369 Weighted average remaining lease term 9.0 9.4 Weighted average discount rate 3.50 % 2.46 % Maturities of lease liabilities: One year or less $ 986 $ 1,964 Year 2 1,916 1,915 Year 3 1,930 1,930 Year 4 1,972 1,972 Year 5 1,781 1,781 Greater than 5 years 6,619 6,619 Total lease payments $ 15,204 $ 16,181 Less imputed interest 2,212 1,812 Total lease liabilities $ 12,992 $ 14,369 (in thousands) Three months ended Three months ended Income Statement June 30, 2020 June 30, 2019 Components of lease expense: Operating lease cost $ 473 $ 489 Variable lease cost 45 24 Less sublease income 25 13 Total lease cost $ 493 $ 500 (in thousands) Six months ended Six months ended Income Statement June 30, 2020 June 30, 2019 Components of lease expense: Operating lease cost $ 943 $ 997 Variable lease cost 87 63 Less sublease income 38 27 Total lease cost $ 992 $ 1,033 (in thousands) Six months ended Six months ended Cash flow Statement June 30, 2020 June 30, 2019 Supplemental cash flow information: Operating cash flows from operating leases $ 790 $ 694 As of June 30, 2020, not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2020 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation and Basis of Presentation – 10 10 01 X. not In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation have been included. Intercompany transactions have been eliminated. These condensed consolidated financial statements should be read in conjunction with Bancorp’s Annual Report on Form 10 December 31, 2019. three six June 30, 2020 not may December 31, 2020. |
Use of Estimates, Policy [Policy Text Block] | Critical Accounting Policies and Estimates may not Bancorp’s accounting policies are fundamental to understanding management’s discussion and analysis of our results of operations and financial condition. At December 31, 2019, Critical Accounting Policies and Estimates 2019 10 On January 1, 2020, 326 Financial Instruments – Credit Losses , ” December 31, 2019. January 1, 2020 June 30, 2020, The ACL on loans is established through credit loss expense charged to current earnings. The amount maintained in the ACL reflects management’s estimate of the net amount not not |
Investment, Policy [Policy Text Block] | Debt Securities – not June 30, 2020 December 31, 2019. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific-identification method. Amortization of premiums and discounts are recognized in interest income over the period to maturity using the interest method, except for premiums on callable debt securities, which are amortized to their earliest call date. Bancorp has made a policy election to exclude accrued interest from the amortized cost basis of debt securities and reports accrued interest separately in the consolidated balance sheets. A debt security is placed on non-accrual status at the time any principal or interest payments become more than 90 no three six June 30, 2020 2019. ACL – AFS Debt Securities – not may not no In evaluating AFS debt securities in unrealized loss positions for impairment and the criteria regarding its intent or requirement to sell such securities, Bancorp considers the extent to which fair value is less than amortized cost, whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuers’ financial condition, among other factors. There were no June 30, 2020 December 31, 2019. Changes in the ACL on AFS debt securities are recorded as expense. Losses are charged against the ACL when management believes the uncollectability of an AFS debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. |
Financing Receivable [Policy Text Block] | Loans – Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income over the remaining life of the loan without anticipating prepayments. Loans are considered past due or delinquent when the contractual principal and/or interest due in accordance with the terms of the loan agreement or any portion thereof remains unpaid after the due date of the scheduled payment. Loans are classified as non-accrual when, in the opinion of management, collection of principal or interest is doubtful. The accrual of interest income on loans is typically discontinued at the time the loan is 90 no 120 not not Acquired loans are recorded at fair value at the date of acquisition based on a DCF methodology that considers various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, term of loan and whether or not may Prior to January 1, 2020, no not not not not Subsequent to January 1, 2020, no January 1, 2020. For acquired loans not The subsequent measurement of expected credit losses for all acquired loans is the same as the subsequent measurement of expected credit losses for originated loans. ACL – Loans Bancorp estimates the ACL on loans based on the underlying assets’ amortized cost basis, which is the amount at which the receivable is originated or acquired, adjusted for applicable accretion or amortization of premium, discount, and net deferred fees or costs, collection of payment, and charge-offs. In the event that collection of principal becomes uncertain, Bancorp has policies in place to reverse accrued interest in a timely manner. Therefore, Bancorp has made a policy election to exclude accrued interest from the measurement of ACL. Expected credit losses are reflected in the ACL through a charge to provision. When Bancorp deems all or a portion of a financial asset to be uncollectible, the appropriate amount is written-off and the ACL is reduced by the same amount. Bancorp applies judgment to determine when a financial asset is deemed uncollectible; however, generally speaking, an asset will be considered uncollectible no Bancorp’s methodologies for estimating the ACL consider available relevant information about the collectability of cash flows, including information about past events, current conditions and reasonable and supportable forecasts. The methodologies apply historical loss information, adjusted for asset-specific characteristics, economic conditions at the measurement date, and forecasts about future economic conditions expected to exist through the contractual lives of the financial assets that are reasonable and supportable, to the identified pools of financial assets with similar risk characteristics for which the historical loss experience was observed. Bancorp’s methodologies may no Loans are predominantly segmented by FDIC Call Report Codes into loan pools that have similar risk characteristics, similar collateral type and are assumed to pose consistent risk of loss to Bancorp. Bancorp has identified the following pools of financial assets with similar risk characteristics for measuring expected credit losses: Commercial real e stat e – owner occupied – no Commercial real e stat e – non-owner occupied – five Construction and land development third may Commercial and Industrial Residential real estate first Home equity lines of credit Consumer may Leases Commercial Credit Cards Bancorp measures expected credit losses for its loan portfolio segments as follows: Loan Portfolio Segment ACL Methodology Commercial real estate - non-owner occupied Discounted cash flow Commercial real estate - owner occupied Discounted cash flow Commercial and industrial - term Static pool Commercial and industrial - line of credit Static pool Residential real estate - owner occupied Discounted cash flow Residential real estate - non-owner occupied Discounted cash flow Construction and land development Static pool Home equity lines of credit Static pool Consumer Static pool Leases Static pool Credit cards - commercial Static pool Discounted Cash flow Method Bancorp uses regression analysis of historical internal and peer data to determine suitable loss drivers to utilize when modeling lifetime probability of default and loss given default. This analysis also determines how expected probability of default and loss given default will react to forecasted levels of the loss drivers. For all loan pools utilizing the DCF method, management utilizes the forecasted Seasonally Adjusted National Civilian Unemployment Rate as its primary loss driver, as this was determined to best correlate to historical losses. With regard to the DCF model and the adoption of CECL on January 1, 2020, four eight The combination of adjustments for credit expectations (default and loss) and timing expectations (prepayment, curtailment, and time to recovery) produces an expected cash flow stream at the instrument level. Instrument effective yield is calculated, net of the impacts of prepayment assumptions and the instrument expected cash flows are then discounted at that effective yield to produce an instrument-level NPV of expected cash flows. An ACL is established for the difference between the instrument’s NPV and amortized cost basis. Static Pool Method Coll ateral Dependent Loans not may zero not A loan that has been modified or renewed is considered a TDR when two 1 2 not may |
Off-Balance-Sheet Credit Exposure, Policy [Policy Text Block] | Off-Balance Sheet Credit Exposures Bancorp records an ACL on off-balance sheet credit exposures, unless the commitments to extend credit are unconditionally cancelable, through a charge to credit loss expense for off-balance sheet credit exposures included in other non-interest expense in Bancorp’s consolidated statements of income. The ACL on off-balance sheet credit exposures is estimated by loan portfolio segment at each balance sheet date under the current CECL model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur and is included in other liabilities on Bancorp’s consolidated balance sheets. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Adopted Accounting Standards – 326, “ Financial Instruments – Credit Losses January 1, 2020 January 1, 2020 326, Bancorp adopted ASC 326 310 30. not January 1, 2020, $1.6 The following table summarizes the impact of the adoption of ASC 326: January 1, 2020 (in thousands) As reported under ASC 326 Pre-ASC 326 Adoption Impact of Adoption (1) Allowance for credit losses on loans: Commercial real estate - non-owner occupied $ 8,333 $ 5,235 $ 3,098 Commercial real estate - owner occupied 6,219 3,327 2,892 Total commercial real estate 14,552 8,562 5,990 Commercial and industrial - term 7,147 6,782 365 Commercial and industrial - line of credit 4,129 5,657 (1,528 ) Total commercial and industrial 11,276 12,439 (1,163 ) Residential real estate - owner occupied 2,713 1,527 1,186 Residential real estate - non-owner occupied 1,376 947 429 Total residential real estate 4,089 2,474 1,615 Construction and land development 5,161 2,105 3,056 Home equity lines of credit 842 728 114 Consumer 398 100 298 Leases 233 237 (4 ) Credit cards - commercial 96 146 (50 ) Total allowance for credit losses on loans $ 36,647 $ 26,791 $ 9,856 Total allowance for credit losses on off-balance sheet exposures $ 3,850 $ 350 $ 3,500 ( 1 – The impact of the ASC 326 on the ACL on loans reflects $8.2 $1.6 transition from PCI to PCD methodology as defined in the standard. In August 2018, No. 2018 13, 820 Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement December 15, 2019, 2020 not In January 2017, 2017 04, Intangibles - Goodwill and Other (Topic 350 ) - Simplifying the Test for Goodwill Impairment first two 2, 2017 04 January 1, 2020 not In August 2018, 2018 15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350 40 That Is a Service Contract.” not 2018 15 January 1, 2020 not In March 2020, 19. 310 40, Receivables – Troubled Debt Restructurin gs by Creditors not 19 not six 30 In March 2020, No. 2020 04, 848 Facilitation of the Effects of Reference Rate Reform on Financial Reporting March 12, 2020 December 31, 2022. Accounting Standards Updates – not not In April 2019, No. 2019 04, Codification Improvements to Financial Instruments - Credit Losses (ASC 326 815 825 December 15, 2022. |
Note 1 - Basis of Presentatio_2
Note 1 - Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Accounting Standards Update and Change in Accounting Principle [Table Text Block] | January 1, 2020 (in thousands) As reported under ASC 326 Pre-ASC 326 Adoption Impact of Adoption (1) Allowance for credit losses on loans: Commercial real estate - non-owner occupied $ 8,333 $ 5,235 $ 3,098 Commercial real estate - owner occupied 6,219 3,327 2,892 Total commercial real estate 14,552 8,562 5,990 Commercial and industrial - term 7,147 6,782 365 Commercial and industrial - line of credit 4,129 5,657 (1,528 ) Total commercial and industrial 11,276 12,439 (1,163 ) Residential real estate - owner occupied 2,713 1,527 1,186 Residential real estate - non-owner occupied 1,376 947 429 Total residential real estate 4,089 2,474 1,615 Construction and land development 5,161 2,105 3,056 Home equity lines of credit 842 728 114 Consumer 398 100 298 Leases 233 237 (4 ) Credit cards - commercial 96 146 (50 ) Total allowance for credit losses on loans $ 36,647 $ 26,791 $ 9,856 Total allowance for credit losses on off-balance sheet exposures $ 3,850 $ 350 $ 3,500 |
Note 2 - Acquisition (Tables)
Note 2 - Acquisition (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | May 1, 2019 As Recorded Fair Value Recast As Recorded (in thousands) by KSB Adjustments (1) Adjustments by Bancorp Assets acquired: Cash and due from banks $ 3,316 $ — $ — $ 3,316 Interest bearing due from banks 1,761 — — 1,761 Available for sale debt securities 12,404 23 a — 12,427 Federal Home Loan Bank stock, at cost 1,517 — — 1,517 Federal Reserve Bank stock, at cost 490 — — 490 Loans 165,744 (1,597 ) b (118 ) b 164,029 Allowance for credit losses (1,812 ) 1,812 b — — Net loans 163,932 215 (118 ) 164,029 Premises and equipment, net 4,358 (1,328 ) c 431 c 3,461 Bank owned life insurance 3,431 — — 3,431 Core deposit intangible — 1,519 d — 1,519 Other real estate owned 325 (325 ) e — — Other assets and accrued interest receivable 867 (36 ) f — 831 Total assets acquired $ 192,401 $ 68 $ 313 $ 192,782 Liabilities assumed: Deposits: Non-interest bearing $ 24,939 $ — $ — $ 24,939 Interest bearing 100,839 (252 ) g — 100,587 Total deposits 125,778 (252 ) — 125,526 Federal funds purchased 1,566 — — 1,566 Federal Home Loan Bank advances 43,718 (419 ) h — 43,299 Subordinated note 3,609 — — 3,609 Holding Company line of credit 2,300 — — 2,300 Other liabilities and accrued interest payable 313 — — 313 Total liabilities assumed 177,284 (671 ) — 176,613 Net assets acquired $ 15,117 $ 739 $ 313 $ 16,169 Cash consideration paid (28,000 ) Goodwill $ 11,831 |
Note 3 - Available for Sale D_2
Note 3 - Available for Sale Debt Securities (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | (in thousands) Unrealized Allowance June 30, 2020 Amortized cost Gains Losses for Credit Losses Fair value Obligations of states and political subdivisions $ — $ — $ — $ — $ — Government sponsored enterprise obligations 199,838 4,788 (215 ) — 204,411 Mortgage backed securities - government agencies 262,565 7,702 (13 ) — 270,254 Obligations of states and political subdivisions 10,394 190 — — 10,584 Total available for sale debt securities $ 472,797 $ 12,680 $ (228 ) $ — $ 485,249 December 31, 2019 Obligations of states and political subdivisions $ 49,887 $ 10 $ — $ — $ 49,897 Government sponsored enterprise obligations 208,933 1,189 (178 ) — 209,944 Mortgage backed securities - government agencies 193,574 1,243 (956 ) — 193,861 Obligations of states and political subdivisions 16,919 117 — — 17,036 Total available for sale debt securities $ 469,313 $ 2,559 $ (1,134 ) $ — $ 470,738 |
Investments Classified by Contractual Maturity Date [Table Text Block] | (in thousands) Amortized cost Fair value Due within 1 year $ 75,092 $ 75,164 Due after 1 year but within 5 years 31,457 32,114 Due after 5 years but within 10 years 3,972 4,145 Due after 10 years 99,711 103,572 Mortgage backed securities - government agencies 262,565 270,254 Total securities available for sale $ 472,797 $ 485,249 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than 12 months 12 months or more Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2020 value losses value losses value losses Government sponsored enterprise obligations $ 19,614 $ (149 ) $ 5,548 $ (66 ) $ 25,162 $ (215 ) Mortgage-backed securities - government agencies 16,358 (13 ) — — 16,358 (13 ) Total $ 35,972 $ (162 ) $ 5,548 $ (66 ) $ 41,520 $ (228 ) December 31, 2019 Government sponsored enterprise obligations $ 16,503 $ (107 ) $ 11,492 $ (71 ) $ 27,995 $ (178 ) Mortgage-backed securities - government agencies 81,664 (496 ) 32,453 (460 ) 114,117 (956 ) Total $ 98,167 $ (603 ) $ 43,945 $ (531 ) $ 142,112 $ (1,134 ) |
Note 4 - Loans and Allowance _2
Note 4 - Loans and Allowance for Credit Losses on Loans (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (in thousands) June 30, 2020 December 31, 2019 Commercial real estate - non-owner occupied $ 815,464 $ 746,283 Commercial real estate - owner occupied 472,457 474,329 Total commercial real estate 1,287,921 1,220,612 Commercial and industrial - term 510,384 457,298 Commercial and industrial - term - PPP 630,082 — Commercial and industrial - lines of credit 254,096 381,502 Total commercial and industrial 1,394,562 838,800 Residential real estate - owner occupied 215,891 217,606 Residential real estate - non-owner occupied 139,121 134,995 Total residential real estate 355,012 352,601 Construction and land development 255,447 255,816 Home equity lines of credit 103,672 103,854 Consumer 43,758 47,467 Leases 14,843 16,003 Credits cards - commercial 8,862 9,863 Total loans (1) $ 3,464,077 $ 2,845,016 (in thousands) December 31, 2019 Commercial and industrial $ 870,511 Construction and development, excluding undeveloped land 213,822 Undeveloped land 46,360 Real estate mortgage: Commercial investment 736,618 Owner occupied commercial 473,783 1-4 family residential 334,358 Home equity - first lien 48,620 Home equity - junior lien 73,477 Subtotal: Real estate mortgage 1,666,856 Consumer 47,467 Total loans (1) $ 2,845,016 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | (in thousands) Three Months Ended June 30, 2020 Beginning Balance Impact of Adopting ASC 326 Initial ACL on Loans Purchased with Credit Deterioration Provision for Credit Losses Charge-offs Recoveries Ending Balance Commercial real estate - non-owner occupied $ 13,435 $ - $ - $ 5,403 $ - $ 1 $ 18,839 Commercial real estate - owner occupied 6,509 - - 197 - - 6,706 Total commercial real estate 19,944 - - 5,600 - 1 25,545 Commercial and industrial - term 7,990 - - (651 ) - - 7,339 Commercial and industrial - lines of credit 3,866 - - (624 ) - - 3,242 Total commercial and industrial 11,856 - - (1,275 ) - - 10,581 Residential real estate - owner occupied 2,702 - - 162 (18 ) 2 2,848 Residential real estate - non-owner occupied 1,419 - - 175 - - 1,594 Total residential real estate 4,121 - - 337 (18 ) 2 4,442 Construction and land development 5,185 - - 423 - - 5,608 Home equity lines of credit 623 - - 209 - - 832 Consumer 198 - - 134 (80 ) 110 362 Leases 159 - - 64 - - 223 Credit cards - commercial 57 - - 58 - - 115 Total net loan (charge-offs) recoveries $ 42,143 $ - $ - $ 5,550 $ (98 ) $ 113 $ 47,708 (in thousands) Six Months Ended June 30, 2020 Beginning Balance Impact of Adopting ASC 326 Initial ACL on Loans Purchased with Credit Deterioration Provision for Credit Losses Charge-offs Recoveries Ending Balance Commercial real estate - non-owner occupied $ 5,235 $ 2,946 $ 152 $ 10,503 $ - $ 3 $ 18,839 Commercial real estate - owner occupied 3,327 1,542 1,350 487 - - 6,706 Total commercial real estate 8,562 4,488 1,502 10,990 - 3 25,545 Commercial and industrial - term 6,782 365 - 185 - 7 7,339 Commercial and industrial - lines of credit 5,657 (1,528 ) - (887 ) - - 3,242 Total commercial and industrial 12,439 (1,163 ) - (702 ) - 7 10,581 Residential real estate - owner occupied 1,527 1,087 99 151 (18 ) 2 2,848 Residential real estate - non-owner occupied 947 429 - 218 - - 1,594 Total residential real estate 2,474 1,516 99 369 (18 ) 2 4,442 Construction and land development 2,105 3,056 - 447 - - 5,608 Home equity lines of credit 728 114 - (10 ) - - 832 Consumer 100 264 34 (3 ) (254 ) 221 362 Leases 237 (4 ) - (10 ) - - 223 Credit cards - commercial 146 (50 ) - 19 - - 115 Total net loan (charge-offs) recoveries $ 26,791 $ 8,221 $ 1,635 $ 11,100 $ (272 ) $ 233 $ 47,708 (in thousands) Three Months Ended June 30, 2019 Beginning Balance Provision for Credit Losses Charge-offs Recoveries Ending Balance Real estate mortgage $ 12,001 $ 10 $ (13 ) $ 32 $ 12,030 Commercial and industrial 11,762 92 - 4 11,858 Construction and development 1,884 (74 ) - - 1,810 Undeveloped land 662 (61 ) - - 601 Consumer 155 33 (148 ) 77 117 $ 26,464 $ - $ (161 ) $ 113 $ 26,416 (in thousands) Six Months Ended Six June 30, 2019 Beginning Balance Provision for Credit Losses Charge-offs Recoveries Ending Balance Real estate mortgage $ 10,681 $ 1,310 $ (13 ) $ 52 $ 12,030 Commercial and industrial 11,965 (210 ) (3 ) 106 11,858 Construction and development 1,760 (153 ) - 203 1,810 Undeveloped land 752 (151 ) - - 601 Consumer 376 (196 ) (244 ) 181 117 $ 25,534 $ 600 $ (260 ) $ 542 $ 26,416 (in thousands) June 30, 2020 Real Estate Accounts Receivable / Equipment Other Total ACL Allocation Commercial real estate - non-owner occupied $ 10,569 $ - $ - $ 10,569 $ 2,255 Commercial real estate - owner occupied 3,014 - - 3,014 1,351 Total commercial real estate 13,583 - - 13,583 3,606 Commercial and industrial - term - 9 18 27 18 Commercial and industrial - lines of credit - - - - - Total commercial and industrial - 9 18 27 18 Residential real estate - owner occupied 445 - - 445 99 Residential real estate - non-owner occupied 225 - - 225 - Total residential real estate 670 - - 670 99 Construction and land development - - - - - Home equity lines of credit - - - - - Consumer - - 26 26 26 Leases - - - - - Credit cards - commercial - - - - - Total collateral dependent loans $ 14,253 $ 9 $ 44 $ 14,306 $ 3,749 Loans ACL (in thousands) December 31, 2019 Loans individually evaluated for impairment Loans collectively evaluated for impairment Loans acquired with deteriorated credit quality Total loans Loans individually evaluated for impairment Loans collectively evaluated for impairment Loans acquired with deteriorated credit quality Total ACL Commercial and industrial $ 8,223 $ 862,288 $ — $ 870,511 $ 1,150 $ 11,672 $ — $ 12,822 Construction and development, excluding undeveloped land — 213,822 — 213,822 — 1,319 — 1,319 Undeveloped land — 46,360 — 46,360 — 786 — 786 Real estate mortgage 3,307 1,663,549 — 1,666,856 13 11,751 — 11,764 Consumer — 47,467 — 47,467 — 100 — 100 Total $ 11,530 $ 2,833,486 $ — $ 2,845,016 $ 1,163 $ 25,628 $ — $ 26,791 |
Impaired Financing Receivables [Table Text Block] | As of Three months ended Six months ended December 31, 2019 June 30, 2019 June 30, 2019 Unpaid Average Interest Average Interest Recorded principal Related recorded income recorded income (in thousands) investment balance ACL investment recognized investment recognized Impaired loans with no related ACL Commercial and industrial $ 174 $ 174 $ — $ 144 $ — $ 160 $ — Construction and development, excluding undeveloped land — — — — — 106 — Undeveloped land — — — — — 158 — Real estate mortgage Commercial investment 741 741 — 311 — 254 — Owner occupied commercial 2,278 2,736 — 1,455 — 1,165 — 1-4 family residential 124 124 — 779 — 773 — Home equity - junior lien 151 151 — 462 — 356 — Subtotal: Real estate mortgage 3,294 3,752 — 3,007 — 2,548 — Subtotal $ 3,468 $ 3,926 $ — $ 3,151 $ — $ 2,972 $ — Impaired loans with an ACL Commercial and industrial $ 8,049 $ 8,049 $ 1,150 $ 24 $ — $ 26 $ 1 Real estate mortgage 1-4 family residential 13 13 13 14 — 14 — Subtotal: Real estate mortgage 13 13 13 14 — 14 — Subtotal $ 8,062 $ 8,062 $ 1,163 $ 38 $ — $ 40 $ 1 Total impaired loans: Commercial and industrial $ 8,223 $ 8,223 $ 1,150 $ 168 $ — $ 186 $ 1 Construction and development, excluding undeveloped land — — — — — 106 — Undeveloped land — — — — — 158 — Real estate mortgage Commercial investment 741 741 — 311 — 254 — Owner occupied commercial 2,278 2,736 — 1,455 — 1,165 — 1-4 family residential 137 137 13 793 — 787 — Home equity - junior lien 151 151 — 462 — 356 — Subtotal: Real estate mortgage 3,307 3,765 13 3,021 — 2,562 — Total $ 11,530 $ 11,988 $ 1,163 $ 3,189 $ — $ 3,012 $ 1 |
Financing Receivable, Past Due [Table Text Block] | (in thousands) 30-59 days 60-89 days 90 or more Total Total June 30, 2020 Current Past Due Past Due Days Past Due Past Due Loans Commercial real estate - non-owner occupied $ 814,610 $ 121 $ 35 $ 698 $ 854 $ 815,464 Commercial real estate - owner occupied 469,529 256 — 2,672 2,928 472,457 Total commercial real estate 1,284,139 377 35 3,370 3,782 1,287,921 Commercial and industrial - term 1,140,384 59 14 9 82 1,140,466 Commercial and industrial - line of credit 253,645 41 310 100 451 254,096 Total commercial and industrial 1,394,029 100 324 109 533 1,394,562 Residential real estate - owner occupied 214,681 603 290 317 1,210 215,891 Residential real estate - non-owner occupied 138,823 — 24 274 298 139,121 Total residential real estate 353,504 603 314 591 1,508 355,012 Construction and land development 255,399 — — 48 48 255,447 Home equity lines of credit 103,672 — — — — 103,672 Consumer 43,727 30 1 — 31 43,758 Leases 14,843 — — — — 14,843 Credit cards - commercial 8,862 — — — — 8,862 Total $ 3,458,175 $ 1,110 $ 674 $ 4,118 $ 5,902 $ 3,464,077 90 or more Days Past Due (in thousands) 30-59 days 60-89 days (includes all Total Total December 31, 2019 Current Past Due Past Due non-accrual) Past Due Loans Commercial and industrial $ 861,860 $ 253 $ 194 $ 8,204 $ 8,651 $ 870,511 Construction and development, excluding undeveloped land 213,766 6 50 — 56 213,822 Undeveloped land 46,360 — — — — 46,360 Real estate mortgage: Commercial investment 735,387 94 — 1,137 1,231 736,618 Owner occupied commercial 470,951 467 86 2,279 2,832 473,783 1-4 family residential 332,718 1,368 33 239 1,640 334,358 Home equity - first lien 48,441 179 — — 179 48,620 Home equity - junior lien 72,995 196 100 186 482 73,477 Subtotal: Real estate mortgage 1,660,492 2,304 219 3,841 6,364 1,666,856 Consumer 47,379 84 4 — 88 47,467 Total $ 2,829,857 $ 2,647 $ 467 $ 12,045 $ 15,159 $ 2,845,016 |
Financing Receivable, Nonaccrual [Table Text Block] | Past Due 90-Days- (In thousands) Non-accrual Total or-More and Still June 30, 2020 with no ACL Non-accrual Accruing Interest Commercial real estate - non-owner occupied $ 213 $ 10,569 $ - Commercial real estate - owner occupied 1,663 3,014 - Total commercial real estate 1,876 13,583 - Commercial and industrial - term 9 9 - Commercial and industrial - lines of credit - - - Total commercial and industrial 9 9 - Residential real estate - owner occupied 306 445 - Residential real estate - non-owner occupied 225 225 - Total residential real estate 531 670 - Construction and land development - - 48 Home equity lines of credit - - - Consumer - - - Leases - - - Credit cards - commercial - - - Total $ 2,416 $ 14,262 $ 48 December 31, 2019 (in thousands) Non-accrual Past Due 90-Days-or- More and Still Accruing Interest Commercial and industrial $ 8,202 $ — Construction and development, excluding undeveloped land — — Undeveloped land — — Real estate mortgage: Commercial investment 740 396 Owner occupied commercial 2,278 — 1-4 family residential 123 104 Home equity - first lien — — Home equity - junior lien 151 35 Subtotal: Real estate mortgage 3,292 535 Consumer — — Total $ 11,494 $ 535 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Term Loans Amortized Cost Basis by Origination Year Revolving Revolving loans loans (in thousands) amortized converted June 30, 2020 2020 2019 2018 2017 2016 Prior cost basis to term Total Commercial real estate - non-owner occupied: Risk rating Pass $ 174,017 $ 171,037 $ 106,905 $ 126,594 $ 95,310 $ 96,646 $ 13,982 $ 11,989 $ 796,480 OAEM 61 - - - 1,578 52 472 - 2,163 Substandard 4,200 2,051 - - - 1 - - 6,252 Substandard non-performing 9,727 - - 614 - 228 - - 10,569 Doubtful - - - - - - - - - Total Commercial real estate non-owner occupied $ 188,005 $ 173,088 $ 106,905 $ 127,208 $ 96,888 $ 96,927 $ 14,454 $ 11,989 $ 815,464 Commercial real estate - owner occupied: Risk rating Pass $ 102,192 $ 109,160 $ 91,659 $ 53,309 $ 44,522 $ 49,472 $ 7,144 $ 851 $ 458,309 OAEM - 62 967 825 252 76 - - 2,182 Substandard - 6,997 1,363 105 127 360 - - 8,952 Substandard non-performing - - 20 500 - 2,151 - 343 3,014 Doubtful - - - - - - - - - Total Commercial real estate owner occupied $ 102,192 $ 116,219 $ 94,009 $ 54,739 $ 44,901 $ 52,059 $ 7,144 $ 1,194 $ 472,457 Commercial and industrial - term: Risk rating Pass $ 768,510 $ 110,924 $ 111,287 $ 51,862 $ 43,348 $ 26,536 $ - $ 7,755 $ 1,120,222 OAEM - 928 11,679 160 83 17 - - 12,867 Substandard 5,249 1,853 - - 189 77 - - 7,368 Substandard non-performing - - - - 9 - - - 9 Doubtful - - - - - - - - - Total Commercial and industrial - term $ 773,759 $ 113,705 $ 122,966 $ 52,022 $ 43,629 $ 26,630 $ - $ 7,755 $ 1,140,466 Commercial and industrial - lines of credit Risk rating Pass $ 13,460 $ 29,646 $ 4,191 $ 2,956 $ 364 $ - $ 193,105 $ - $ 243,722 OAEM - - - - - - 783 - 783 Substandard - - - - - - 9,591 - 9,591 Substandard non-performing - - - - - - - - - Doubtful - - - - - - - - - Total Commercial and industrial - lines of credit $ 13,460 $ 29,646 $ 4,191 $ 2,956 $ 364 $ - $ 203,479 $ - $ 254,096 (continued) Term Loans Amortized Cost Basis by Origination Year Revolving Revolving loans loans (in thousands) amortized converted June 30, 2020 2020 2019 2018 2017 2016 Prior cost basis to term Total Residential real estate - owner occupied Risk rating Pass $ 35,591 $ 43,994 $ 29,055 $ 26,881 $ 32,877 $ 46,720 $ - $ 195 $ 215,313 OAEM - - - - - - - - - Substandard 16 - - 118 - - - - 134 Substandard non-performing - - - 101 38 205 - 100 444 Doubtful - - - - - - - - - Total Residential real estate - owner occupied $ 35,607 $ 43,994 $ 29,055 $ 27,100 $ 32,915 $ 46,925 $ - $ 295 $ 215,891 Residential real estate - non-owner occupied Risk rating Pass $ 43,459 $ 27,037 $ 29,437 $ 12,618 $ 11,728 $ 12,740 $ - $ 158 $ 137,177 OAEM - 1,600 - - - 88 - - 1,688 Substandard - - 31 - - - - - 31 Substandard non-performing - - - - - 225 - - 225 Doubtful - - - - - - - - - Total Residential real estate - non-owner occupied $ 43,459 $ 28,637 $ 29,468 $ 12,618 $ 11,728 $ 13,053 $ - $ 158 $ 139,121 Construction and land development Risk rating Pass $ 55,195 $ 97,608 $ 66,746 $ 23,159 $ 1,249 $ 2,764 $ 6,842 $ 1,883 $ 255,446 OAEM - - - - - - - - - Substandard - - - - 1 - - - 1 Substandard non-performing - - - - - - - - - Doubtful - - - - - - - - - Total Construction and land development $ 55,195 $ 97,608 $ 66,746 $ 23,159 $ 1,250 $ 2,764 $ 6,842 $ 1,883 $ 255,447 Home equity lines of credit Risk rating Pass $ - $ - $ - $ - $ - $ - $ 103,672 $ - $ 103,672 OAEM - - - - - - - - - Substandard - - - - - - - - - Substandard non-performing - - - - - - - - - Doubtful - - - - - - - - - Total Home equity lines of credit $ - $ - $ - $ - $ - $ - $ 103,672 $ - $ 103,672 Consumer Risk rating Pass * $ 3,680 $ 5,697 $ 4,042 $ 498 $ 525 $ 1,506 $ 27,638 $ 145 $ 43,731 OAEM - - - - - - - - - Substandard - 26 - - - - - - 26 Substandard non-performing - - - - - 1 - - 1 Doubtful - - - - - - - - - Total Consumer $ 3,680 $ 5,723 $ 4,042 $ 498 $ 525 $ 1,507 $ 27,638 $ 145 $ 43,758 (continued) Term Loans Amortized Cost Basis by Origination Year Revolving Revolving loans loans (in thousands) amortized converted June 30, 2020 2020 2019 2018 2017 2016 Prior cost basis to term Total Leases Risk rating Pass $ 1,692 $ 2,238 $ 2,495 $ 1,774 $ 3,272 $ 2,502 $ - $ - $ 13,973 OAEM - - 34 - - 4 - - 38 Substandard - - - - 832 - - - 832 Substandard non-performing - - - - - - - - - Doubtful - - - - - - - - - Total Consumer $ 1,692 $ 2,238 $ 2,529 $ 1,774 $ 4,104 $ 2,506 $ - $ - $ 14,843 Credit cards - commercial Risk rating Pass $ - $ - $ - $ - $ - $ - $ 8,862 $ - $ 8,862 OAEM - - - - - - - - - Substandard - - - - - - - - - Substandard non-performing - - - - - - - - - Doubtful - - - - - - - - - Total Consumer $ - $ - $ - $ - $ - $ - $ 8,862 $ - $ 8,862 Total loans Risk rating Pass $ 1,197,796 $ 597,341 $ 445,817 $ 299,651 $ 233,195 $ 238,886 $ 361,245 $ 22,976 $ 3,396,907 OAEM 61 2,590 12,680 985 1,913 237 1,255 - 19,721 Substandard 9,465 10,927 1,394 223 1,149 438 9,591 - 33,187 Substandard non-performing 9,727 - 20 1,215 47 2,810 - 443 14,262 Doubtful - - - - - - - - - Total Loans $ 1,217,049 $ 610,858 $ 459,911 $ 302,074 $ 236,304 $ 242,371 $ 372,091 $ 23,419 $ 3,464,077 (in thousands) Substandard Total December 31, 2019 Pass OAEM Substandard Non-performing Doubtful Loans Commercial and industrial $ 840,105 $ 704 $ 21,500 $ 8,202 $ — $ 870,511 Construction and development, excluding undeveloped land 213,822 — — — — 213,822 Undeveloped land 46,360 — — — — 46,360 Real estate mortgage: Commercial investment 722,747 6,459 6,275 1,137 — 736,618 Owner occupied commercial 460,981 1,375 9,050 2,377 — 473,783 1-4 family residential 332,294 1,701 122 241 — 334,358 Home equity - first lien 48,620 — — — — 48,620 Home equity - junior lien 73,273 — 17 187 — 73,477 Subtotal: Real estate mortgage 1,637,915 9,535 15,464 3,942 — 1,666,856 Consumer 47,429 — 38 — — 47,467 Total $ 2,785,631 $ 10,239 $ 37,002 $ 12,144 $ — $ 2,845,016 |
Financinng Receivable, Schedule of Payment Activity [Table Text Block] | June, 30 (in thousands) 2020 Credit cards - commercial Performing $ 8,862 Non-performing — Total credit cards - commercial $ 8,862 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | June 30, 2020 December 31, 2019 Specific Additional Specific Additional reserve commitment reserve commitment (in thousands) Balance allocation to lend Balance allocation to lend Commercial and industrial - term $ 19 $ 19 $ — $ 21 $ 21 $ — Residential real estate — — — 13 13 — Consumer 26 26 — — — — Total TDRs $ 45 $ 45 $ — $ 34 $ 34 $ — |
Schedule of Loans and Leases Receivable Rollforward of the Accretable Amount on PCI Loans [Table Text Block] | Three months ended Six months ended (in thousands) June 30, 2019 June 30, 2019 Balance, beginning of period $ (62 ) $ (68 ) Transfers between non-accretable and accretable — — Net accretion into interest income on loans, including loan fees 5 11 Balance, end of period $ (57 ) $ (57 ) |
King Bancorp Inc. [Member] | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | May 1, 2019 Contractual Non-accretable Accretable Acquisition-day (in thousands) Receivable Yield Yield Fair Value Commercial and industrial $ 8,249 $ — $ (23 ) $ 8,226 Construction and land development 18,738 — 86 18,824 Real estate mortgage: Commercial real estate 84,219 — (456 ) 83,763 Residential real estate 50,556 — 322 50,878 Home equity lines of credit 875 — 8 883 Subtotal: Real estate mortgage 135,650 — (126 ) 135,524 Consumer 1,528 — (73 ) 1,455 Total loans acquired under ASC 310-20 164,165 — (136 ) 164,029 Commercial and industrial — — — — Construction and land development — — — — Real estate mortgage: Commercial real estate 1,351 (1,351 ) — — Residential real estate 228 (228 ) — — Home equity lines of credit — — — — Subtotal: Real estate mortgage 1,579 (1,579 ) — — Consumer — — — — Total purchased credit impaired loans acquired under ASC 310-30 1,579 (1,579 ) — — Total loans $ 165,744 $ (1,579 ) $ (136 ) $ 164,029 |
Note 5 - Goodwill and Intangi_2
Note 5 - Goodwill and Intangible Assets (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Intangible Assets and Goodwill [Table Text Block] | (in thousands) June 30, 2020 December 31, 2019 Goodwill $ 12,513 $ 12,513 Core deposit intangibles 2,122 2,285 Mortgage servicing rights 1,888 1,372 |
Schedule of Goodwill [Table Text Block] | Three months ended Six months ended June 30, June 30, (in thousands) 2020 2019 2020 2019 Balance at beginning of period $ 12,513 $ 682 $ 12,513 $ 682 Goodwill acquired — 12,144 — 12,144 Recast adjustments — — — — Impairment — — — — Balance at end of period $ 12,513 $ 12,826 $ 12,513 $ 12,826 |
Finite-lived Intangible Assets Amortization Expense [Table Text Block] | Three months ended Six months ended June 30, June 30, (in thousands) 2020 2019 2020 2019 Balance at beginning of period $ 2,203 $ 1,015 $ 2,285 $ 1,056 Core deposit intangible acquired — 1,519 — 1,519 Amortization (81 ) (73 ) (163 ) (114 ) Balance at end of period $ 2,122 $ 2,461 $ 2,122 $ 2,461 |
Schedule of Valuation Allowance for Impairment of Recognized Servicing Assets [Table Text Block] | Three months ended Six months ended June 30, June 30, (in thousands) 2020 2019 2020 2019 Balance at beginning of period $ 1,446 $ 1,070 $ 1,372 $ 1,022 Additions for mortgage loans sold 511 134 641 214 Amortization (69 ) (36 ) (125 ) (68 ) Impairment — — — — Balance at end of period $ 1,888 $ 1,168 $ 1,888 $ 1,168 |
Note 6 - Income Taxes (Tables)
Note 6 - Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Three months ended Six months ended June 30, June 30, (in thousands) 2020 2019 2020 2019 Current income tax expense: Federal $ 4,363 $ 3,772 $ 6,205 $ 6,498 State 209 189 340 330 Total current income tax expense 4,572 3,961 6,545 6,828 Deferred income tax expense (benefit): Federal (1,798 ) 224 (1,146 ) 789 State (427 ) (3,155 ) (803 ) (4,768 ) Total deferred income tax expense (benefit) (2,225 ) (2,931 ) (1,949 ) (3,979 ) Change in valuation allowance 1 — 2 20 Total income tax expense $ 2,348 $ 1,030 $ 4,598 $ 2,869 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Three months ended Six months ended June 30, June 30, 2020 2019 2020 2019 U.S. federal statutory income tax rate 21.0 % 21.0 % 21.0 % 21.0 % Tax credits (5.9 ) (0.7 ) (5.9 ) (0.7 ) Kentucky state income tax enactments (1.7 ) (14.1 ) (1.9 ) (10.7 ) Change in cash surrender value of life insurance (2.0 ) (0.6 ) (0.4 ) (0.9 ) State income taxes, net of federal benefit 0.6 0.8 0.8 0.8 Excess tax benefit from stock-based compensation arrangements (0.4 ) (0.4 ) - (1.1 ) Tax exempt interest income (0.2 ) (0.3 ) (0.3 ) (0.3 ) Other, net 3.5 0.2 1.4 0.1 Effective tax rate 14.9 % 5.9 % 14.7 % 8.2 % |
Note 7 - Deposits (Tables)
Note 7 - Deposits (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | (in thousands) June 30, 2020 December 31, 2019 Non-interest bearing demand deposits $ 1,205,253 $ 810,475 Interest bearing deposits: Interest bearing demand 1,147,357 979,595 Savings 196,655 169,622 Money market 761,256 742,029 Time deposits of $250 thousand or more 76,954 81,412 Other time deposits(1) 339,681 350,805 Total time deposits 416,635 432,217 Total interest bearing deposits 2,521,903 2,323,463 Total deposits $ 3,727,156 $ 3,133,938 |
Note 8 - Securities Sold Unde_2
Note 8 - Securities Sold Under Agreements to Repurchase (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Short-term Debt [Table Text Block] | (dollars in thousands) June 30, 2020 December 31, 2019 Outstanding balance at end of period $ 42,722 $ 31,895 Weighted average interest rate at end of period 0.08 % 0.22 % Three months ended Six months ended June 30, June 30, (dollars in thousands) 2020 2019 2020 2019 Average outstanding balance during the period $ 41,517 $ 39,969 $ 37,465 $ 38,755 Average interest rate during the period 0.08 % 0.28 % 0.13 % 0.28 % Maximum outstanding at any month end during the period $ 42,722 $ 43,160 $ 42,722 $ 43,160 |
Note 9 - FHLB Advances (Tables)
Note 9 - FHLB Advances (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Maturities and Average Effective Interest Rates of Federal Home Loan Bank Advances Disclosure [Table Text Block] | (dollars in thousands) June 30, 2020 December 31, 2019 Maturity Weighted average Weighted average Year Advance Fixed Rate Advance Fixed Rate 2020 $ 37,533 0.67 % $ 50,004 1.99 % 2021 2,281 2.57 2,400 2.52 2022 — — — — 2023 360 1.01 456 1.00 2024 1,479 2.36 2,023 2.36 2025 3,055 2.43 3,774 2.41 2026 5,625 1.95 8,156 1.96 2027 6,323 1.75 7,445 1.73 2028 4,776 2.33 5,695 2.32 Total $ 61,432 1.22 % $ 79,953 2.02 % |
Note 10 - Commitments and Con_2
Note 10 - Commitments and Contingent Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Off Balance Sheet Commitments to Extend Credit [Table Text Block] | (in thousands) June 30, 2020 December 31, 2019 Commercial and industrial $ 501,632 $ 416,195 Construction and development 229,676 240,503 Home equity 167,409 155,920 Credit cards 30,789 26,439 Overdrafts 34,149 32,715 Letters of credit 22,352 24,193 Other 44,782 40,083 Future loan commitments 207,847 236,885 Total off balance sheet commitments to extend credit $ 1,238,636 $ 1,172,933 |
Note 11 - Assets and Liabilit_2
Note 11 - Assets and Liabilities Measured and Reported at Fair Value (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements Using Total June 30, 2020 (in thousands) Level 1 Level 2 Level 3 Fair Value Assets: Available for sale debt securities: Government sponsored enterprise obligations $ — $ 204,411 $ — $ 204,411 Mortgage backed securities - government agencies — 270,254 — 270,254 Obligations of states and political subdivisions — 10,584 — 10,584 Total available for sale debt securities — 485,249 — 485,249 Interest rate swaps — 9,895 — 9,895 Total assets $ — $ 495,144 $ — $ 495,144 Liabilities: Interest rate swaps $ — $ 10,283 $ — $ 10,283 Fair Value Measurements Using Total December 31, 2019 (in thousands) Level 1 Level 2 Level 3 Fair Value Assets: Available for sale debt securities: U.S. Treasury and other U.S. government obligations $ 49,897 $ — $ — $ 49,897 Government sponsored enterprise obligations — 209,944 — 209,944 Mortgage backed securities - government agencies — 193,861 — 193,861 Obligations of states and political subdivisions — 17,036 — 17,036 Total available for sale debt securities 49,897 420,841 — 470,738 Interest rate swaps — 2,696 — 2,696 Total assets $ 49,897 $ 423,537 $ — $ 473,434 Liabilities: Interest rate swaps $ — $ 2,767 $ — $ 2,767 |
Fair Value Measurements, Nonrecurring [Table Text Block] | Losses recorded Three months Six months Fair Value Measurements Using Total ended ended June 30, 2020 (in thousands) Level 1 Level 2 Level 3 Fair Value June 30, 2020 June 30, 2020 Collateral dependent loans $ — $ — $ 8,434 $ 8,434 $ — $ — Other real estate owned — — 493 493 — — Losses recorded Three months Six months Fair Value Measurements Using Total ended ended December 31, 2019 (in thousands) Level 1 Level 2 Level 3 Fair Value June 30, 2019 June 30, 2019 Impaired loans $ — $ — $ 7,253 $ 7,253 $ — $ — Other real estate owned — — 493 493 — — |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | June 30, 2020 (dollars in thousands) Fair Value Valuation Technique Unobservable Inputs Weighted Average Collateral dependent loans $ 8,434 Appraisal Appraisal discounts 7.2 % Other real estate owned 493 Appraisal Appraisal discounts 17.1 December 31, 2019 (dollars in thousands) Fair Value Valuation Technique Unobservable Inputs Weighted Average Impaired loans - collateral dependent $ 7,253 Appraisal Appraisal discounts 60.3 % Other real estate owned 493 Appraisal Appraisal discounts 17.1 |
Fair Value, by Balance Sheet Grouping [Table Text Block] | (in thousands) Carrying Fair Value Measurements Using June 30, 2020 amount Fair value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 224,394 $ 224,394 $ 224,394 $ — $ — Mortgage loans held for sale 17,364 18,008 — 18,008 — Federal Home Loan Bank stock 11,284 11,284 — 11,284 — Loans, net 3,416,369 3,454,659 — — 3,454,659 Accrued interest receivable 13,535 13,535 13,535 — — Liabilities Non-interest bearing deposits $ 1,205,253 $ 1,205,253 $ — $ 1,205,253 $ — Transaction deposits 2,105,268 2,105,268 — 2,105,268 — Time deposits 416,635 422,131 — 422,131 — Securities sold under agreement to repurchase 42,722 42,722 — 42,722 — Federal funds purchased 8,401 8,401 — 8,401 — Federal Home Loan Bank advances 61,432 63,436 — 63,436 — Accrued interest payable 471 471 471 — — (in thousands) Carrying Fair Value Measurements Using December 31, 2019 amount Fair value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 249,724 $ 249,724 $ 249,724 $ — $ — Mortgage loans held for sale 8,748 8,923 — 8,923 — Federal Home Loan Bank stock 11,284 11,284 — 11,284 — Loans, net 2,818,225 2,841,767 — — 2,841,767 Accrued interest receivable 8,534 8,534 8,534 — — Liabilities Non-interest bearing deposits $ 810,475 $ 810,475 $ — $ 810,475 $ — Transaction deposits 1,891,246 1,891,246 — 1,891,246 — Time deposits 432,217 434,927 — 434,927 — Securities sold under agreement to repurchase 31,895 31,895 — 31,895 — Federal funds purchased 10,887 10,887 — 10,887 — Federal Home Loan Bank advances 79,953 80,906 — 80,906 — Accrued interest payable 640 640 640 — — |
Note 12 - Other Comprehensive_2
Note 12 - Other Comprehensive Income (Loss) (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | (in thousands) Net unrealized gains (losses) on available for sale debt securities Net unrealized gains (losses) on cash flow hedges Minimum pension liability adjustment Total Three months ended June 30, 2020 Balance, March 31, 2020 $ 7,123 $ (302 ) $ (369 ) $ 6,452 Net current period other comprehensive income (loss) 2,343 21 — 2,364 Balance, June 30, 2020 $ 9,466 $ (281 ) $ (369 ) $ 8,816 Three months ended June 30, 2019 Balance, March 31, 2019 $ (2,536 ) $ 234 $ (211 ) $ (2,513 ) Net current period other comprehensive income (loss) 3,827 (248 ) — 3,579 Balance, June 30, 2019 $ 1,291 $ (14 ) $ (211 ) $ 1,066 (in thousands) Net unrealized gains (losses) on available for sale debt securities Net unrealized gains (losses) on cash flow hedges Minimum pension liability adjustment Total Six months ended June 30, 2020 Balance, January 1, 2020 $ 1,085 $ (39 ) $ (369 ) $ 677 Net current period other comprehensive income (loss) 8,381 (242 ) — 8,139 Balance, June 30, 2020 $ 9,466 $ (281 ) $ (369 ) $ 8,816 Six months ended June 30, 2019 Balance, January 1, 2019 $ (5,330 ) $ 408 $ (220 ) $ (5,142 ) Net current period other comprehensive income (loss) 6,621 (422 ) 9 6,208 Balance, June 30, 2019 $ 1,291 $ (14 ) $ (211 ) $ 1,066 |
Note 14 - Net Income Per Share
Note 14 - Net Income Per Share (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three months ended Six months ended June 30, June 30, (in thousands, except per share data) 2020 2019 2020 2019 Net income $ 13,368 $ 16,543 $ 26,600 $ 32,184 Weighted average shares outstanding - basic 22,560 22,689 22,538 22,675 Dilutive securities 179 260 199 273 Weighted average shares outstanding- diluted 22,739 22,949 22,737 22,948 Net income per share - basic $ 0.59 $ 0.73 $ 1.18 $ 1.42 Net income per share - diluted 0.59 0.72 1.17 1.40 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | Three months ended Six months ended (in thousands) June 30, June 30, 2020 2019 2020 2019 Antidilutive SARs 248 200 248 200 |
Note 15 - Stock-based Compens_2
Note 15 - Stock-based Compensation (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Share-based Compensation Arrangement by Share-based Payment Award Fair Value Assumptions and Methodology [Table Text Block] | Assumptions 2020 2019 Dividend yield 2.51 % 2.52 % Expected volatility 20.87 % 20.40 % Risk free interest rate 1.25 % 2.55 % Expected life (in years) 7.1 7.2 |
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | Three months ended June 30, 2020 (in thousands) Stock Appreciation Rights Restricte Stock Awards Restricted Stock Units Performance Stock Units Total Expense $ 87 $ 317 $ 67 $ 505 $ 976 Deferred tax benefit (18 ) (67 ) (14 ) (106 ) (205 ) Total net expense $ 69 $ 250 $ 53 $ 399 $ 771 Three months ended June 30, 2019 (in thousands) Stock Appreciation Rights Restricte Stock Awards Restricted Stock Units Performance Stock Units Total Expense $ 86 $ 306 $ 83 $ 518 $ 993 Deferred tax benefit (18 ) (65 ) (17 ) (109 ) (209 ) Total net expense $ 68 $ 241 $ 66 $ 409 $ 784 Six months ended June 30, 2020 (in thousands) Stock Appreciation Rights Restricted Stock Awards Restricted Stock Units Performance Stock Units Total Expense $ 177 $ 643 $ 135 $ 838 $ 1,793 Deferred tax benefit (37 ) (135 ) (28 ) (177 ) (377 ) Total net expense $ 140 $ 508 $ 107 $ 661 $ 1,416 Six months ended June 30, 2019 (in thousands) Stock Appreciation Rights Restricted Stock Awards Restricted Stock Units Performance Stock Units Total Expense $ 170 $ 599 $ 164 $ 923 $ 1,856 Deferred tax benefit (36 ) (126 ) (34 ) (194 ) (390 ) Total net expense $ 134 $ 473 $ 130 $ 729 $ 1,466 |
Share-based Payment Arrangement, Nonvested Award, Cost [Table Text Block] | (in thousands) Year ended Stock Appreciation Rights Restricted Stock Awards Restricted Stock Units Performance Stock Units Total Remainder of 2020 $ 176 $ 636 $ 135 $ 1,182 $ 2,129 2021 304 1,090 1 952 2,347 2022 249 823 — 490 1,562 2023 174 580 — — 754 2024 68 305 — — 373 2025 9 29 — — 38 Total estimated expense $ 980 $ 3,463 $ 136 $ 2,624 $ 7,203 |
Share-based Payment Arrangement, Option and Stock Appreciation Rights, Activity [Table Text Block] | Weighted Weighted Weighted average average Aggregate average remaining Exercise exercise intrinsic fair contractual (in thousands, except per share data) SARs price price value (1) value life (in years) Outstanding, January 1, 2019 731 $14.02 - $40.00 $ 22.42 $ 8,422 $ 3.83 5.2 Granted 53 36.65 - 38.18 37.01 213 6.24 Exercised (143 ) 14.02 - 22.96 15.99 3,025 3.47 Forfeited — — — — — Outstanding, December 31, 2019 641 $14.02 - $40.00 $ 25.06 $ 10,250 $ 4.10 5.3 Outstanding, January 1, 2020 641 $14.02 - $40.00 $ 25.06 $ 10,250 $ 4.10 5.3 Granted 48 37.30 - 37.30 37.30 140 5.80 Exercised (12 ) 14.02 - 15.84 15.19 279 3.09 Forfeited — — — — — Outstanding, June 30, 2020 677 $15.24 - $40.00 $ 26.10 $ 9,550 $ 4.24 5.2 Vested and exercisable 485 $15.24 - $40.00 $ 21.87 $ 8,887 $ 3.62 3.9 Unvested 192 24.56 - 40.00 36.76 663 5.81 8.3 Outstanding, June 30, 2020 677 $15.24 - $40.00 $ 26.10 $ 9,550 $ 4.24 5.2 Vested at June 30, 2020 57 $22.96 - $40.00 $ 30.80 $ 537 $ 5.02 |
Schedule of Nonvested Share Activity [Table Text Block] | Grant date weighted (in thousands, except per share data) RSAs average cost Unvested at January 1, 2019 110 $ 32.09 Shares awarded 40 34.88 Restrictions lapsed and shares released (40 ) 28.74 Shares forfeited (2 ) 35.36 Unvested at December 31, 2019 108 $ 34.31 Unvested at January 1, 2020 108 $ 34.31 Shares awarded 36 39.30 Restrictions lapsed and shares released (38 ) 32.13 Shares forfeited (1 ) 36.70 Unvested at June 30, 2020 105 $ 36.81 |
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | Vesting Expected Grant period Fair shares to year in years value be awarded 2018 3 $ 31.54 71,932 2019 3 32.03 43,603 2020 3 32.27 45,577 |
Note 16 - Derivative Financia_2
Note 16 - Derivative Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Designated as Hedging Instrument [Member] | |
Notes Tables | |
Schedule of Interest Rate Derivatives [Table Text Block] | (dollars in thousands) Fair value Notional Maturity Receive (variable) Pay fixed assets (liabilities) amount date index swap rate June 30, 2020 December 31, 2019 $ 10,000 12/6/2021 US 3 Month LIBOR 1.89 % $ (239 ) $ (45 ) 20,000 12/6/2020 US 3 Month LIBOR 1.79 % (130 ) (6 ) $ 30,000 1.82 % $ (369 ) $ (51 ) |
Not Designated as Hedging Instrument [Member] | |
Notes Tables | |
Schedule of Interest Rate Derivatives [Table Text Block] | Receiving Paying June 30, December 31, June 30, December 31, (dollars in thousands) 2020 2019 2020 2019 Notional amount $ 103,526 $ 99,000 $ 103,526 $ 99,000 Weighted average maturity (years) 7.9 8.2 7.9 8.2 Fair value $ 9,895 $ 2,696 $ 9,914 $ 2,767 |
Note 17 - Regulatory Matters (T
Note 17 - Regulatory Matters (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | (dollars in thousands) Actual Minimum for adequately capitalized Minimum for well capitalized June 30, 2020 Amount Ratio Amount Ratio Amount Ratio Total risk-based capital (1) Consolidated $ 446,117 13.50 % $ 264,297 8.00 % NA NA Bank 430,654 13.07 263,610 8.00 $ 329,512 10.00 % Common equity tier 1 risk-based capital Consolidated 409,251 12.39 148,667 4.50 NA NA Bank 393,788 11.95 148,280 4.50 214,183 6.50 Tier 1 risk-based capital (1) Consolidated 409,251 12.39 198,223 6.00 NA NA Bank 393,788 11.95 197,707 6.00 263,610 8.00 Leverage (2) Consolidated 409,251 9.50 172,277 4.00 NA NA Bank 393,788 9.15 172,124 4.00 215,155 5.00 (dollars in thousands) Actual Minimum for adequately capitalized Minimum for well capitalized December 31, 2019 Amount Ratio Amount Ratio Amount Ratio Total risk-based capital (1) Consolidated $ 418,460 12.85 % $ 260,448 8.00 % NA NA Bank 396,299 12.20 259,823 8.00 $ 324,778 10.00 % Common equity tier 1 risk-based capital Consolidated 391,319 12.02 146,502 4.50 NA NA Bank 369,158 11.37 146,150 4.50 211,106 6.50 Tier 1 risk-based capital (1) Consolidated 391,319 12.02 195,336 6.00 NA NA Bank 369,158 11.37 194,867 6.00 259,823 8.00 Leverage (2) Consolidated 391,319 10.60 147,733 4.00 NA NA Bank 369,158 10.67 138,392 4.00 172,990 5.00 |
Note 18 - Segments (Tables)
Note 18 - Segments (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Three months ended June 30, 2020 Three months ended June 30, 2019 (dollars in thousands) Commercial Banking WM&T Total Commercial Banking WM&T Total Net interest income $ 33,443 $ 85 $ 33,528 $ 30,718 $ 84 $ 30,802 Provision for credit losses 5,550 — 5,550 — — — Wealth management and trust services — 5,726 5,726 — 5,662 5,662 All other non-interest income 6,896 — 6,896 6,562 — 6,562 Non-interest expenses 21,763 3,121 24,884 22,286 3,167 25,453 Income before income tax expense 13,026 2,690 15,716 14,994 2,579 17,573 Income tax expense 1,764 584 2,348 471 559 1,030 Net income $ 11,262 $ 2,106 $ 13,368 $ 14,523 $ 2,020 $ 16,543 Segment assets 4,330,893 $ 3,640 $ 4,334,533 3,460,040 $ 3,783 $ 3,463,823 Six months ended June 30, 2020 Six months ended June 30, 2019 (dollars in thousands) Commercial Banking WM&T Total Commercial Banking WM&T Total Net interest income $ 65,804 $ 170 $ 65,974 $ 60,326 $ 160 $ 60,486 Provision for credit losses 11,100 — 11,100 600 — 600 Wealth management and trust services — 11,944 11,944 — 11,101 11,101 All other non-interest income 13,214 — 13,214 12,131 — 12,131 Non-interest expenses 42,401 6,433 48,834 41,865 6,200 48,065 Income before income tax expense 25,517 5,681 31,198 29,992 5,061 35,053 Income tax expense 3,365 1,233 4,598 1,771 1,098 2,869 Net income $ 22,152 $ 4,448 $ 26,600 $ 28,221 $ 3,963 $ 32,184 Segment assets 4,330,893 $ 3,640 $ 4,334,533 3,460,040 $ 3,783 $ 3,463,823 |
Note 19 - Revenue From Contra_2
Note 19 - Revenue From Contracts With Customers (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Three months ended June 30, 2020 Three months ended June 30, 2019 (dollars in thousands) Commercial Banking WM&T Total Commercial WM&T Total Wealth management and trust services $ — $ 5,726 $ 5,726 $ — $ 5,662 $ 5,662 Deposit service charges 800 — 800 1,260 — 1,260 Debit and credit card income 2,063 — 2,063 2,168 — 2,168 Treasury management fees 1,249 — 1,249 1,202 — 1,202 Mortgage banking income(1) 1,622 — 1,622 760 — 760 Net investment product sales commissions and fees 391 — 391 364 — 364 Bank owned life insurance(1) 176 — 176 184 — 184 Other(2) 595 — 595 624 — 624 Total non-interest income $ 6,896 $ 5,726 $ 12,622 $ 6,562 $ 5,662 $ 12,224 Six months ended June 30, 2020 Six months ended June 30, 2019 (Dollars in thousands) Commercial Banking WM&T Total Commercial WM&T Total Wealth management and trust services $ — $ 11,944 $ 11,944 $ — $ 11,101 $ 11,101 Deposit service charges 2,083 — 2,083 2,438 — 2,438 Debit and credit card income 4,043 — 4,043 3,912 — 3,912 Treasury management fees 2,533 — 2,533 2,359 — 2,359 Mortgage banking income(1) 2,468 — 2,468 1,210 — 1,210 Net investment product sales commissions and fees 857 — 857 720 — 720 Bank owned life insurance(1) 355 — 355 362 — 362 Other(2) 875 — 875 1,130 — 1,130 Total non-interest income $ 13,214 $ 11,944 $ 25,158 $ 12,131 $ 11,101 $ 23,232 |
Note 20 - Leases (Tables)
Note 20 - Leases (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Notes Tables | |
Detail Regarding Operating Leases of Lessee [Table Text Block] | (in thousands) Balance Sheet June 30, 2020 December 31, 2019 Operating lease right-of-use assets $ 11,547 $ 12,737 Operating lease liabilities 12,992 14,369 Weighted average remaining lease term 9.0 9.4 Weighted average discount rate 3.50 % 2.46 % Maturities of lease liabilities: One year or less $ 986 $ 1,964 Year 2 1,916 1,915 Year 3 1,930 1,930 Year 4 1,972 1,972 Year 5 1,781 1,781 Greater than 5 years 6,619 6,619 Total lease payments $ 15,204 $ 16,181 Less imputed interest 2,212 1,812 Total lease liabilities $ 12,992 $ 14,369 (in thousands) Three months ended Three months ended Income Statement June 30, 2020 June 30, 2019 Components of lease expense: Operating lease cost $ 473 $ 489 Variable lease cost 45 24 Less sublease income 25 13 Total lease cost $ 493 $ 500 (in thousands) Six months ended Six months ended Income Statement June 30, 2020 June 30, 2019 Components of lease expense: Operating lease cost $ 943 $ 997 Variable lease cost 87 63 Less sublease income 38 27 Total lease cost $ 992 $ 1,033 (in thousands) Six months ended Six months ended Cash flow Statement June 30, 2020 June 30, 2019 Supplemental cash flow information: Operating cash flows from operating leases $ 790 $ 694 |
Note 1 - Basis of Presentatio_3
Note 1 - Basis of Presentation and Summary of Significant Accounting Policies (Details Textual) | Jan. 01, 2020USD ($) | Jun. 30, 2019USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2019USD ($) | Dec. 31, 2019USD ($) | May 01, 2019 | Jan. 01, 2019USD ($) |
Repayments of Subordinated Debt, Total | $ 0 | $ 3,609,000 | ||||||
Number of Operating Segments | 2 | |||||||
Loans and Leases Receivable, Net Amount, Total | $ 3,416,369,000 | $ 3,416,369,000 | $ 2,818,225,000 | |||||
Retained Earnings (Accumulated Deficit), Ending Balance | 335,575,000 | 335,575,000 | 333,699,000 | |||||
Loans and Leases Receivable, Net Amount, Total | $ 8,200,000 | 0 | 8,221,000 | |||||
Off-Balance Sheet, Credit Loss, Liability, Ending Balance | 3,850,000 | $ 6,000,000 | $ 6,000,000 | $ 350,000 | $ 3,900,000 | |||
Accounting Standards Update 2016-13 [Member] | ||||||||
Retained Earnings (Accumulated Deficit), Ending Balance | (8,800,000) | |||||||
Loans and Leases Receivable, Net Amount, Total | 8,200,000 | |||||||
Off-Balance Sheet, Credit Loss, Liability, Ending Balance | 3,500,000 | |||||||
Deferred Tax Assets, Net of Valuation Allowance, Total | 2,900,000 | |||||||
Transfer of Loans From Purchased Credit Impaired to Purchased Credit Deteriorated [Member] | ||||||||
Loans and Leases Receivable, Net Amount, Total | $ 1,600,000 | |||||||
Subordinated Notes Assumed in the king Acquisition [Member] | ||||||||
Repayments of Subordinated Debt, Total | $ 4,000,000 | |||||||
KBST [Member] | ||||||||
Noncontrolling Interest, Ownership Percentage by Parent | 100.00% |
Note 1 - Basis of Presentatio_4
Note 1 - Basis of Presentation and Summary of Significant Accounting Policies - Impact of Adoption of Accounting Policy (Details) - USD ($) | Jun. 30, 2020 | Mar. 31, 2020 | Jan. 01, 2020 | Dec. 31, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | |||
Allowance for loans | $ 47,708,000 | $ 42,143,000 | $ 36,647,000 | [1] | $ 26,791,000 | [1] | $ 26,416,000 | $ 26,464,000 | $ 25,534,000 | ||
Total allowance for credit losses on off-balance sheet exposures | 6,000,000 | 3,850,000 | 350,000 | $ 3,900,000 | |||||||
Accounting Standards Update 2016-13 [Member] | |||||||||||
Allowance for loans | [1] | 9,856,000 | |||||||||
Total allowance for credit losses on off-balance sheet exposures | 3,500,000 | ||||||||||
Home Equity Line of Credit [Member] | |||||||||||
Allowance for loans | 832,000 | 623,000 | 842,000 | 728,000 | |||||||
Home Equity Line of Credit [Member] | Accounting Standards Update 2016-13 [Member] | |||||||||||
Allowance for loans | 114,000 | ||||||||||
Commercial Real Estate Portfolio Segment [Member] | |||||||||||
Allowance for loans | 25,545,000 | 19,944,000 | 14,552,000 | 8,562,000 | |||||||
Commercial Real Estate Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | |||||||||||
Allowance for loans | 5,990,000 | ||||||||||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | |||||||||||
Allowance for loans | 18,839,000 | 13,435,000 | 8,333,000 | 5,235,000 | |||||||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Accounting Standards Update 2016-13 [Member] | |||||||||||
Allowance for loans | 3,098,000 | ||||||||||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | |||||||||||
Allowance for loans | 6,706,000 | 6,509,000 | 6,219,000 | 3,327,000 | |||||||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Accounting Standards Update 2016-13 [Member] | |||||||||||
Allowance for loans | 2,892,000 | ||||||||||
Commercial and Industrial Portfolio Segment [Member] | |||||||||||
Allowance for loans | 12,822,000 | 11,858,000 | 11,762,000 | 11,965,000 | |||||||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | |||||||||||
Allowance for loans | 7,339,000 | 7,990,000 | 7,147,000 | 6,782,000 | |||||||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Accounting Standards Update 2016-13 [Member] | |||||||||||
Allowance for loans | 365,000 | ||||||||||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | |||||||||||
Allowance for loans | 3,242,000 | 3,866,000 | 4,129,000 | 5,657,000 | |||||||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Accounting Standards Update 2016-13 [Member] | |||||||||||
Allowance for loans | (1,528,000) | ||||||||||
Total Commercial and Industrial Portfolio Segment [Member] | |||||||||||
Allowance for loans | 10,581,000 | 11,856,000 | 11,276,000 | 12,439,000 | |||||||
Total Commercial and Industrial Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | |||||||||||
Allowance for loans | (1,163,000) | ||||||||||
Residential Real Estate Portfolio Segment [Member] | |||||||||||
Allowance for loans | 4,442,000 | 4,121,000 | 4,089,000 | 2,474,000 | |||||||
Residential Real Estate Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | |||||||||||
Allowance for loans | 1,615,000 | ||||||||||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | |||||||||||
Allowance for loans | 1,594,000 | 1,419,000 | 1,376,000 | 947,000 | |||||||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Accounting Standards Update 2016-13 [Member] | |||||||||||
Allowance for loans | 429,000 | ||||||||||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | |||||||||||
Allowance for loans | 2,848,000 | 2,702,000 | 2,713,000 | 1,527,000 | |||||||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Accounting Standards Update 2016-13 [Member] | |||||||||||
Allowance for loans | 1,186,000 | ||||||||||
Construction and Development [Member] | |||||||||||
Allowance for loans | 5,608,000 | 5,185,000 | 5,161,000 | 2,105,000 | 1,810,000 | 1,884,000 | 1,760,000 | ||||
Construction and Development [Member] | Accounting Standards Update 2016-13 [Member] | |||||||||||
Allowance for loans | 3,056,000 | ||||||||||
Consumer Portfolio Segment [Member] | |||||||||||
Allowance for loans | 362,000 | 198,000 | 398,000 | 100,000 | $ 117,000 | $ 155,000 | $ 376,000 | ||||
Consumer Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | |||||||||||
Allowance for loans | 298,000 | ||||||||||
Finance Leases Portfolio Segment [Member] | |||||||||||
Allowance for loans | $ 223,000 | $ 159,000 | 233,000 | 237,000 | |||||||
Finance Leases Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | |||||||||||
Allowance for loans | (4,000) | ||||||||||
Commercial Portfolio Segment [Member] | |||||||||||
Allowance for loans | 96,000 | $ 146,000 | |||||||||
Commercial Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | |||||||||||
Allowance for loans | $ (50,000) | ||||||||||
[1] | The impact of the ASC 326 adoption on the ACL on loans reflects $8.2 million related to the transition from the incurred loss ACL model to the CECL ACL model and $1.6 million related to the transition from PCI to PCD methodology as defined in the standard. |
Note 2 - Acquisition (Details T
Note 2 - Acquisition (Details Textual) - USD ($) $ in Thousands | May 01, 2019 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 |
Goodwill, Ending Balance | $ 12,513 | $ 12,513 | $ 12,513 | $ 12,826 | $ 682 | $ 682 | |
King Bancorp Inc. [Member] | |||||||
Payments to Acquire Businesses, Gross | $ 28,000 | ||||||
Goodwill, Ending Balance | $ 11,831 | $ 12,000 |
Note 2 - Acquisition - Summary
Note 2 - Acquisition - Summary of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | May 01, 2019 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | |
Goodwill, Ending Balance | $ 12,513 | $ 12,513 | $ 12,513 | $ 12,826 | $ 682 | $ 682 | ||
King Bancorp Inc. [Member] | ||||||||
Available for sale debt securities | $ 12,427 | |||||||
Federal Home Loan Bank stock, at cost | 1,517 | |||||||
Federal Reserve Bank stock, at cost | 490 | |||||||
Loans | 164,029 | |||||||
Allowance for credit losses | 0 | |||||||
Net loans | 164,029 | |||||||
Premises and equipment, net | 3,461 | |||||||
Bank owned life insurance | 3,431 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 1,519 | |||||||
Other real estate owned | 0 | |||||||
Other assets and accrued interest receivable | 831 | |||||||
Total assets acquired | 192,782 | |||||||
Non-interest bearing | 24,939 | |||||||
Interest bearing | [1],[2] | 100,587 | ||||||
Total deposits | 125,526 | |||||||
Federal funds purchased | 1,566 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Federal Home Loan Bank Advances | 43,299 | $ 43,000 | ||||||
Other liabilities and accrued interest payable | 313 | |||||||
Total liabilities assumed | 176,613 | |||||||
Net assets acquired | 16,169 | |||||||
Cash consideration paid | (28,000) | |||||||
Goodwill, Ending Balance | 11,831 | $ 12,000 | ||||||
King Bancorp Inc. [Member] | Subordinated Debt [Member] | ||||||||
Long-term debt | 3,609 | |||||||
King Bancorp Inc. [Member] | Line of Credit [Member] | ||||||||
Long-term debt | 2,300 | |||||||
King Bancorp Inc. [Member] | As Recorded By Acquiree [Member] | ||||||||
Available for sale debt securities | 12,404 | |||||||
Federal Home Loan Bank stock, at cost | 1,517 | |||||||
Federal Reserve Bank stock, at cost | 490 | |||||||
Loans | 165,744 | |||||||
Allowance for credit losses | (1,812) | |||||||
Net loans | 163,932 | |||||||
Premises and equipment, net | 4,358 | |||||||
Bank owned life insurance | 3,431 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | |||||||
Other real estate owned | 325 | |||||||
Other assets and accrued interest receivable | 867 | |||||||
Total assets acquired | 192,401 | |||||||
Non-interest bearing | 24,939 | |||||||
Interest bearing | [1],[2] | 100,839 | ||||||
Total deposits | 125,778 | |||||||
Federal funds purchased | 1,566 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Federal Home Loan Bank Advances | 43,718 | |||||||
Other liabilities and accrued interest payable | 313 | |||||||
Total liabilities assumed | 177,284 | |||||||
Net assets acquired | 15,117 | |||||||
King Bancorp Inc. [Member] | As Recorded By Acquiree [Member] | Subordinated Debt [Member] | ||||||||
Long-term debt | 3,609 | |||||||
King Bancorp Inc. [Member] | As Recorded By Acquiree [Member] | Line of Credit [Member] | ||||||||
Long-term debt | 2,300 | |||||||
King Bancorp Inc. [Member] | As Adjusted By Acuirer [Member] | ||||||||
Available for sale debt securities | [2],[3] | 23 | ||||||
Federal Home Loan Bank stock, at cost | [2] | 0 | ||||||
Federal Reserve Bank stock, at cost | [2] | 0 | ||||||
Loans | [2],[4] | (1,597) | ||||||
Allowance for credit losses | [4] | 1,812 | ||||||
Net loans | [2] | 215 | ||||||
Premises and equipment, net | [2],[5] | (1,328) | ||||||
Bank owned life insurance | [2] | 0 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | [2],[6] | 1,519 | ||||||
Other real estate owned | [2],[7] | (325) | ||||||
Other assets and accrued interest receivable | [2],[8] | (36) | ||||||
Total assets acquired | [2] | 68 | ||||||
Non-interest bearing | [2] | 0 | ||||||
Interest bearing | [1],[2] | (252) | ||||||
Total deposits | (252) | |||||||
Federal funds purchased | [2] | 0 | ||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Federal Home Loan Bank Advances | [2],[9] | (419) | ||||||
Other liabilities and accrued interest payable | [2] | 0 | ||||||
Total liabilities assumed | [2] | (671) | ||||||
Net assets acquired | [2] | 739 | ||||||
King Bancorp Inc. [Member] | As Adjusted By Acuirer [Member] | Subordinated Debt [Member] | ||||||||
Long-term debt | [2] | 0 | ||||||
King Bancorp Inc. [Member] | As Adjusted By Acuirer [Member] | Line of Credit [Member] | ||||||||
Long-term debt | [2] | 0 | ||||||
King Bancorp Inc. [Member] | Recast Adjustment [Member] | ||||||||
Available for sale debt securities | 0 | |||||||
Federal Home Loan Bank stock, at cost | 0 | |||||||
Federal Reserve Bank stock, at cost | 0 | |||||||
Loans | [4] | (118) | ||||||
Allowance for credit losses | 0 | |||||||
Net loans | (118) | |||||||
Premises and equipment, net | [5] | 431 | ||||||
Bank owned life insurance | 0 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 0 | |||||||
Other real estate owned | 0 | |||||||
Other assets and accrued interest receivable | 0 | |||||||
Total assets acquired | 313 | |||||||
Non-interest bearing | 0 | |||||||
Interest bearing | [1],[2] | 0 | ||||||
Total deposits | 0 | |||||||
Federal funds purchased | 0 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Federal Home Loan Bank Advances | 0 | |||||||
Other liabilities and accrued interest payable | 0 | |||||||
Total liabilities assumed | 0 | |||||||
Net assets acquired | 313 | |||||||
King Bancorp Inc. [Member] | Recast Adjustment [Member] | Subordinated Debt [Member] | ||||||||
Long-term debt | 0 | |||||||
King Bancorp Inc. [Member] | Recast Adjustment [Member] | Line of Credit [Member] | ||||||||
Long-term debt | 0 | |||||||
King Bancorp Inc. [Member] | Cash [Member] | ||||||||
Cash and equivalents | 3,316 | |||||||
King Bancorp Inc. [Member] | Cash [Member] | As Recorded By Acquiree [Member] | ||||||||
Cash and equivalents | 3,316 | |||||||
King Bancorp Inc. [Member] | Cash [Member] | As Adjusted By Acuirer [Member] | ||||||||
Cash and equivalents | [2] | 0 | ||||||
King Bancorp Inc. [Member] | Cash [Member] | Recast Adjustment [Member] | ||||||||
Cash and equivalents | 0 | |||||||
King Bancorp Inc. [Member] | Interest-bearing Deposits [Member] | ||||||||
Cash and equivalents | 1,761 | |||||||
King Bancorp Inc. [Member] | Interest-bearing Deposits [Member] | As Recorded By Acquiree [Member] | ||||||||
Cash and equivalents | 1,761 | |||||||
King Bancorp Inc. [Member] | Interest-bearing Deposits [Member] | As Adjusted By Acuirer [Member] | ||||||||
Cash and equivalents | [2] | 0 | ||||||
King Bancorp Inc. [Member] | Interest-bearing Deposits [Member] | Recast Adjustment [Member] | ||||||||
Cash and equivalents | $ 0 | |||||||
[1] | Reflects the fair value adjustment based on Bancorp’s evaluation of the assumed time deposits. | |||||||
[2] | See the following page for explanations of individual fair value adjustments. | |||||||
[3] | Reflects the fair value adjustment based on Bancorp’s evaluation of the acquired investment portfolio. | |||||||
[4] | Reflects the fair value adjustment based on Bancorp’s evaluation of the acquired loan portfolio and to eliminate the acquiree’s recorded ACL. | |||||||
[5] | Reflects the fair value adjustment based on Bancorp's evaluation of the premises and equipment acquired. | |||||||
[6] | Reflects the fair value adjustment for the CDI asset recorded as a result of the acquisition. | |||||||
[7] | Reflects the fair value adjustment based upon Bancorp's evaluation of the foreclosed real estate acquired. | |||||||
[8] | Reflects the write-off of a miscellaneous other asset. | |||||||
[9] | Reflects the fair value adjustment based upon Bancorp's evaluation of the assumed FHLB advances. |
Note 3 - Available for Sale D_3
Note 3 - Available for Sale Debt Securities (Details Textual) $ in Thousands | May 01, 2019USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2019USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2019USD ($) | Dec. 31, 2019USD ($) |
Available-for-sale Securities, Gross Realized Gain (Loss), Total | $ 0 | $ 0 | $ 0 | $ 0 | ||
Proceeds from Sale of Debt Securities, Available-for-sale | $ 12,000 | |||||
Debt Securities, Available-for-sale, Realized Gain (Loss), Total | $ 0 | |||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 9 | 9 | 54 | |||
Collateral Pledged [Member] | ||||||
Debt Securities, Available-for-sale, Restricted | $ 395,000 | $ 395,000 | $ 403,000 | |||
Other Assets [Member] | ||||||
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Total | $ 1,500 | $ 1,500 | $ 1,600 |
Note 3 - Available for Sale D_4
Note 3 - Available for Sale Debt Securities - Available-for-sale Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Available for sale debt securities, amortized cost | $ 472,797 | $ 469,313 |
Securities available-for-sale, unrealized gains | 12,680 | 2,559 |
Securities available-for-sale, unrealized losses | (228) | (1,134) |
Securities available-for-sale, allowance for credit losses | 0 | 0 |
Securities available-for-sale, fair value | 485,249 | 470,738 |
US Treasury Securities [Member] | ||
Available for sale debt securities, amortized cost | 0 | 49,887 |
Securities available-for-sale, unrealized gains | 0 | 10 |
Securities available-for-sale, unrealized losses | 0 | 0 |
Securities available-for-sale, allowance for credit losses | 0 | 0 |
Securities available-for-sale, fair value | 0 | 49,897 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available for sale debt securities, amortized cost | 199,838 | 208,933 |
Securities available-for-sale, unrealized gains | 4,788 | 1,189 |
Securities available-for-sale, unrealized losses | (215) | (178) |
Securities available-for-sale, allowance for credit losses | 0 | 0 |
Securities available-for-sale, fair value | 204,411 | 209,944 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale debt securities, amortized cost | 262,565 | 193,574 |
Securities available-for-sale, unrealized gains | 7,702 | 1,243 |
Securities available-for-sale, unrealized losses | (13) | (956) |
Securities available-for-sale, allowance for credit losses | 0 | 0 |
Securities available-for-sale, fair value | 270,254 | 193,861 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale debt securities, amortized cost | 10,394 | 16,919 |
Securities available-for-sale, unrealized gains | 190 | 117 |
Securities available-for-sale, unrealized losses | 0 | 0 |
Securities available-for-sale, allowance for credit losses | 0 | 0 |
Securities available-for-sale, fair value | $ 10,584 | $ 17,036 |
Note 3 - Available for Sale D_5
Note 3 - Available for Sale Debt Securities - Available-for-sale Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Due within 1 year, amortized cost | $ 75,092 | |
Due within 1 year, fair value | 75,164 | |
Due after 1 but within 5 years, amortized cost | 31,457 | |
Due after 1 but within 5 years, fair value | 32,114 | |
Due after 5 but within 10 years, amortized cost | 3,972 | |
Due after 5 but within 10 years, fair value | 4,145 | |
Due after 10 years, amortized cost | 99,711 | |
Due after 10 years, fair value | 103,572 | |
Mortgage-backed securities – government agencies, amortized cost | 262,565 | |
Mortgage-backed securities – government agencies, fair value | 270,254 | |
Total securities available-for-sale, amortized cost | 472,797 | $ 469,313 |
Total securities available-for-sale, fair value | $ 485,249 | $ 470,738 |
Note 3 - Available for Sale D_6
Note 3 - Available for Sale Debt Securities - Securities With Unrealized Losses (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Securities available-for-sale, less than 12 months, fair value | $ 35,972 | $ 98,167 |
Securities available-for-sale, less than 12 months, unrealized losses | (162) | (603) |
Securities available-for-sale, 12 months or more, fair value | 5,548 | 43,945 |
Securities available-for-sale, 12 months or more, unrealized losses | (66) | (531) |
Securities available-for-sale, fair value | 41,520 | 142,112 |
Securities available-for-sale, unrealized losses | (228) | (1,134) |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities available-for-sale, less than 12 months, fair value | 19,614 | 16,503 |
Securities available-for-sale, less than 12 months, unrealized losses | (149) | (107) |
Securities available-for-sale, 12 months or more, fair value | 5,548 | 11,492 |
Securities available-for-sale, 12 months or more, unrealized losses | (66) | (71) |
Securities available-for-sale, fair value | 25,162 | 27,995 |
Securities available-for-sale, unrealized losses | (215) | (178) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available-for-sale, less than 12 months, fair value | 16,358 | 81,664 |
Securities available-for-sale, less than 12 months, unrealized losses | (13) | (496) |
Securities available-for-sale, 12 months or more, fair value | 0 | 32,453 |
Securities available-for-sale, 12 months or more, unrealized losses | 0 | (460) |
Securities available-for-sale, fair value | 16,358 | 114,117 |
Securities available-for-sale, unrealized losses | $ (13) | $ (956) |
Note 4 - Loans and Allowance _3
Note 4 - Loans and Allowance for Credit Losses on Loans (Details Textual) | Jan. 01, 2020USD ($) | Apr. 30, 2020 | Jun. 30, 2020USD ($) | Mar. 31, 2020USD ($) | Jun. 30, 2019USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2019USD ($) | Jul. 31, 2020 | Dec. 31, 2019USD ($) | Jan. 01, 2019USD ($) |
Loans and Leases Receivable, Deferred Expense Income | $ 12,000,000 | $ 12,000,000 | $ 7,000,000 | |||||||
Loans and Leases Receivable, Collateral for Secured Borrowings | 1,900,000,000 | 1,900,000,000 | 1,600,000,000 | |||||||
Loans and Leases Receivable, Allowance, Initial Allowance on Acquired Loans | 0 | 1,635,000 | ||||||||
Loans and Leases Receivable, Net Amount, Total | $ 8,200,000 | 0 | 8,221,000 | |||||||
Financing Receivable, Allowance for Credit Loss, Ending Balance | 37,000,000 | |||||||||
Provision for Loan and Lease Losses, Total | 5,550,000 | $ 0 | 11,100,000 | $ 600,000 | ||||||
Off-Balance Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal) | 1,475,000 | $ 375,000 | $ 0 | 1,850,000 | $ 0 | |||||
Off-Balance Sheet, Credit Loss, Liability, Ending Balance | 3,850,000 | $ 6,000,000 | $ 6,000,000 | 350,000 | $ 3,900,000 | |||||
Financing Receivable, Number of Payment Deferrals | 1,100 | 1,100 | ||||||||
Financing Receivable, Deferred Payments | $ 502,000,000 | $ 502,000,000 | ||||||||
Financing Receivable, Deferred Payments, Percentage ot Total | 18.00% | 18.00% | ||||||||
Financing Receivable, Payment Deferrals, Percentage of Deferrals | 85.00% | |||||||||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 0 | 0 | ||||||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | ||||||||
Mortgage Loans in Process of Foreclosure, Amount | $ 177,000 | $ 177,000 | 239,000 | |||||||
Loans and Leases Receivable, Net Amount, Total | 3,416,369,000 | 3,416,369,000 | 2,818,225,000 | |||||||
Financial Asset Acquired with Credit Deterioration [Member] | ||||||||||
Loans and Leases Receivable, Net Amount, Total | 1,600,000 | |||||||||
Subsequent Event [Member] | ||||||||||
Financing Receivable, Deferred Payments, Percentage ot Total | 10.00% | |||||||||
Commercial and Industrial Portfolio Segment [Member] | ||||||||||
Provision for Loan and Lease Losses, Total | $ 92,000 | $ (210,000) | ||||||||
Commercial Real Estate Portfolio Segment [Member] | ||||||||||
Loans and Leases Receivable, Allowance, Initial Allowance on Acquired Loans | 0 | 1,502,000 | ||||||||
Loans and Leases Receivable, Net Amount, Total | 0 | 4,488,000 | ||||||||
Provision for Loan and Lease Losses, Total | 5,600,000 | 10,990,000 | ||||||||
Impaired Financing Receivable, Related Allowance Increase (Decrease) | 2,000,000 | |||||||||
Consumer Portfolio Segment [Member] | ||||||||||
Loans and Leases Receivable, Allowance, Initial Allowance on Acquired Loans | 0 | 34,000 | ||||||||
Loans and Leases Receivable, Net Amount, Total | 0 | 264,000 | ||||||||
Provision for Loan and Lease Losses, Total | 134,000 | $ 33,000 | (3,000) | $ (196,000) | ||||||
Financing Receivable, Overdraft Balance | 506,000 | 506,000 | ||||||||
COVID-19 [Member] | ||||||||||
Provision for Loan and Lease Losses, Total | 4,600,000 | 4,200,000 | 8,800,000 | |||||||
Increase (Decrease) in Finance Receivables | (103,000,000) | 92,000,000 | ||||||||
Allowance for Loan and Lease Losses, Loans Acquired | $ 1,300,000 | |||||||||
Allowance for Loan and Lease Losses, Period Increase (Decrease), Total | (1,000,000) | |||||||||
COVID-19 [Member] | Commercial and Industrial Portfolio Segment [Member] | ||||||||||
Increase (Decrease) in Finance Receivables | (114,000,000) | |||||||||
Transfer of Loans From Purchased Credit Impaired to Purchased Credit Deteriorated [Member] | ||||||||||
Loans and Leases Receivable, Allowance, Initial Allowance on Acquired Loans | 1,600,000 | |||||||||
Loans and Leases Receivable, Net Amount, Total | $ 1,600,000 | |||||||||
Directors and Executive Officers [Member] | ||||||||||
Loans and Leases Receivable, Related Parties, Ending Balance | $ 46,000,000 | $ 46,000,000 | $ 43,000,000 |
Note 4 - Loans and Allowance _4
Note 4 - Loans and Allowance for Credit Losses on Loans - Loans by Loan Portfolio Class (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 | ||
Loans | [1] | $ 3,464,077 | $ 2,845,016 | [2] |
Home Equity Line of Credit [Member] | ||||
Loans | 103,672 | 103,854 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Loans | 1,287,921 | 1,220,612 | ||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | ||||
Loans | 815,464 | 746,283 | ||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | ||||
Loans | 472,457 | 474,329 | ||
Commercial and Industrial Portfolio Segment [Member] | ||||
Loans | 870,511 | |||
Commercial and Industrial Portfolio Segment [Member] | Term, Excluding PPP [Member] | ||||
Loans | 510,384 | 457,298 | ||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | ||||
Loans | 1,140,466 | |||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Small Business Administration (SBA), CARES Act, Paycheck Protection Program [Member] | ||||
Loans | 630,082 | 0 | ||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | ||||
Loans | 254,096 | 381,502 | ||
Construction and Development Excluding Undeveloped Land Portfolio Segment [Member] | ||||
Loans | 213,822 | |||
Undevelopment Land Portfolio Segment [Member] | ||||
Loans | 46,360 | |||
Real Estate Mortgage Portfolio Segment [Member] | ||||
Loans | 1,666,856 | |||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Investment [Member] | ||||
Loans | 736,618 | |||
Real Estate Mortgage Portfolio Segment [Member] | Owner Occupied Commercial [Member] | ||||
Loans | 473,783 | |||
Real Estate Mortgage Portfolio Segment [Member] | One to Four Family Residential [Member] | ||||
Loans | 334,358 | |||
Real Estate Mortgage Portfolio Segment [Member] | Home Equity First Lien [Member] | ||||
Loans | 48,620 | |||
Real Estate Mortgage Portfolio Segment [Member] | Home Equity Junior Lien [Member] | ||||
Loans | 73,477 | |||
Total Commercial and Industrial Portfolio Segment [Member] | ||||
Loans | 1,394,562 | 838,800 | ||
Residential Real Estate Portfolio Segment [Member] | ||||
Loans | 355,012 | 352,601 | ||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | ||||
Loans | 139,121 | 134,995 | ||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | ||||
Loans | 215,891 | 217,606 | ||
Construction and Development [Member] | ||||
Loans | 255,447 | 255,816 | ||
Consumer Portfolio Segment [Member] | ||||
Loans | 43,758 | 47,467 | ||
Finance Leases Portfolio Segment [Member] | ||||
Loans | 14,843 | 16,003 | ||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||
Loans | $ 8,862 | $ 9,863 | ||
[1] | Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs | |||
[2] | Total loans are presented inclusive of premiums, discounts, and net loan origination fees and costs. |
Note 4 - Loans and Allowance _5
Note 4 - Loans and Allowance for Credit Losses on Loans - Loans Acquired in King Acquisition (Details) - USD ($) | May 01, 2019 | Jun. 30, 2019 | Jun. 30, 2019 |
Non-accretable amount | $ 0 | $ 0 | |
King Bancorp Inc. [Member] | |||
Contractual receivable | $ 165,744,000 | ||
Non-accretable amount | (1,579,000) | ||
Accretable amount | (136,000) | ||
Acquisition-day Fair Value | 164,029,000 | ||
King Bancorp Inc. [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | |||
Contractual receivable | 164,165,000 | ||
Non-accretable amount | 0 | ||
Accretable amount | (136,000) | ||
Acquisition-day Fair Value | 164,029 | ||
King Bancorp Inc. [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Contractual receivable | 1,579,000 | ||
Non-accretable amount | (1,579,000) | ||
Accretable amount | 0 | ||
Acquisition-day Fair Value | 0 | ||
Commercial and Industrial Portfolio Segment [Member] | King Bancorp Inc. [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | |||
Contractual receivable | 8,249,000 | ||
Non-accretable amount | 0 | ||
Accretable amount | (23,000) | ||
Acquisition-day Fair Value | 8,226,000 | ||
Commercial and Industrial Portfolio Segment [Member] | King Bancorp Inc. [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Contractual receivable | 0 | ||
Non-accretable amount | 0 | ||
Accretable amount | 0 | ||
Acquisition-day Fair Value | 0 | ||
Construction and Development [Member] | King Bancorp Inc. [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | |||
Contractual receivable | 18,738,000 | ||
Non-accretable amount | 0 | ||
Accretable amount | 86,000 | ||
Acquisition-day Fair Value | 18,824,000 | ||
Construction and Development [Member] | King Bancorp Inc. [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Contractual receivable | 0 | ||
Non-accretable amount | 0 | ||
Accretable amount | 0 | ||
Acquisition-day Fair Value | 0 | ||
Real Estate Mortgage Portfolio Segment [Member] | King Bancorp Inc. [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | |||
Contractual receivable | 135,650,000 | ||
Non-accretable amount | 0 | ||
Accretable amount | (126,000) | ||
Acquisition-day Fair Value | 135,524,000 | ||
Real Estate Mortgage Portfolio Segment [Member] | King Bancorp Inc. [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | Commercial Real Estate [Member] | |||
Contractual receivable | 84,219,000 | ||
Non-accretable amount | 0 | ||
Accretable amount | (456,000) | ||
Acquisition-day Fair Value | 83,763,000 | ||
Real Estate Mortgage Portfolio Segment [Member] | King Bancorp Inc. [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | Residential Loans [Member] | |||
Contractual receivable | 50,556,000 | ||
Non-accretable amount | 0 | ||
Accretable amount | 322,000 | ||
Acquisition-day Fair Value | 50,878,000 | ||
Real Estate Mortgage Portfolio Segment [Member] | King Bancorp Inc. [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | Home Equity Line of Credit [Member] | |||
Contractual receivable | 875,000 | ||
Non-accretable amount | 0 | ||
Accretable amount | 8,000 | ||
Acquisition-day Fair Value | 883,000 | ||
Real Estate Mortgage Portfolio Segment [Member] | King Bancorp Inc. [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Contractual receivable | 1,579,000 | ||
Non-accretable amount | (1,579,000) | ||
Accretable amount | 0 | ||
Acquisition-day Fair Value | 0 | ||
Real Estate Mortgage Portfolio Segment [Member] | King Bancorp Inc. [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate [Member] | |||
Contractual receivable | 1,351,000 | ||
Non-accretable amount | (1,351,000) | ||
Accretable amount | 0 | ||
Acquisition-day Fair Value | 0 | ||
Real Estate Mortgage Portfolio Segment [Member] | King Bancorp Inc. [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Residential Loans [Member] | |||
Contractual receivable | 228,000 | ||
Non-accretable amount | (228,000) | ||
Accretable amount | 0 | ||
Acquisition-day Fair Value | 0 | ||
Real Estate Mortgage Portfolio Segment [Member] | King Bancorp Inc. [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Home Equity Line of Credit [Member] | |||
Contractual receivable | 0 | ||
Non-accretable amount | 0 | ||
Accretable amount | 0 | ||
Acquisition-day Fair Value | 0 | ||
Consumer Portfolio Segment [Member] | King Bancorp Inc. [Member] | Financial Asset Acquired and No Credit Deterioration [Member] | |||
Contractual receivable | 1,528,000 | ||
Non-accretable amount | 0 | ||
Accretable amount | (73,000) | ||
Acquisition-day Fair Value | 1,455,000 | ||
Consumer Portfolio Segment [Member] | King Bancorp Inc. [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||
Contractual receivable | 0 | ||
Non-accretable amount | 0 | ||
Accretable amount | 0 | ||
Acquisition-day Fair Value | $ 0 |
Note 4 - Loans and Allowance _6
Note 4 - Loans and Allowance for Credit Losses on Loans - Allowance for Loan Losses by Portfolio Segment and Based on Impairment Evaluation Method (Details) - USD ($) $ in Thousands | Jan. 01, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Dec. 31, 2019 | |||||
Beginning balance | $ 26,791 | [1] | $ 42,143 | $ 26,791 | [1] | $ 26,464 | $ 26,791 | [1] | $ 25,534 | ||||
Impact of adoption | 8,200 | 0 | 8,221 | ||||||||||
Initial allowance for loans with PCD | 0 | 1,635 | |||||||||||
Provision for credit losses | 5,550 | 0 | 11,100 | 600 | |||||||||
Charge-offs | (98) | (161) | (272) | (260) | |||||||||
Recoveries | 113 | 113 | 233 | 542 | |||||||||
Ending balance | 36,647 | [1] | 47,708 | 42,143 | 26,416 | 47,708 | 26,416 | ||||||
Allowance for credit losses | 36,647 | [1] | 42,143 | 42,143 | 26,416 | 26,791 | [1] | 25,534 | $ 47,708 | $ 26,791 | [1] | ||
Loans, individually evaluated for impairment | 14,306 | 11,530 | |||||||||||
Allowance for loans, individually evaluated for impairment | 3,749 | 1,163 | |||||||||||
Loans, collectively evaluated for impairment | 2,833,486 | ||||||||||||
Loans | [2] | 3,464,077 | 2,845,016 | [3] | |||||||||
Allowance for loans, collectively evaluated for impairment | 25,628 | ||||||||||||
Allowance for loans | 36,647 | [1] | 42,143 | 42,143 | 26,416 | 26,791 | [1] | 25,534 | 47,708 | 26,791 | [1] | ||
Financial Asset Acquired with Credit Deterioration [Member] | |||||||||||||
Beginning balance | 0 | 0 | 0 | ||||||||||
Allowance for credit losses | 0 | 0 | 0 | 0 | |||||||||
Loans | 0 | ||||||||||||
Allowance for loans | 0 | 0 | 0 | 0 | |||||||||
Real Estate [Member] | |||||||||||||
Loans, individually evaluated for impairment | 14,253 | ||||||||||||
Accounts Receivable and Equipment [Member] | |||||||||||||
Loans, individually evaluated for impairment | 9 | ||||||||||||
Other Collateral [Member] | |||||||||||||
Loans, individually evaluated for impairment | 44 | ||||||||||||
Home Equity Line of Credit [Member] | |||||||||||||
Beginning balance | 728 | 623 | 728 | 728 | |||||||||
Impact of adoption | 0 | 114 | |||||||||||
Initial allowance for loans with PCD | 0 | 0 | |||||||||||
Provision for credit losses | 209 | (10) | |||||||||||
Charge-offs | 0 | 0 | |||||||||||
Recoveries | 0 | 0 | |||||||||||
Ending balance | 842 | 832 | 623 | 832 | |||||||||
Allowance for credit losses | 728 | 832 | 623 | 832 | 832 | 728 | |||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Allowance for loans, individually evaluated for impairment | 0 | ||||||||||||
Loans | 103,672 | 103,854 | |||||||||||
Allowance for loans | 728 | 832 | 623 | 832 | 832 | 728 | |||||||
Home Equity Line of Credit [Member] | Real Estate [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Home Equity Line of Credit [Member] | Accounts Receivable and Equipment [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Home Equity Line of Credit [Member] | Other Collateral [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Commercial Real Estate Portfolio Segment [Member] | |||||||||||||
Beginning balance | 8,562 | 19,944 | 8,562 | 8,562 | |||||||||
Impact of adoption | 0 | 4,488 | |||||||||||
Initial allowance for loans with PCD | 0 | 1,502 | |||||||||||
Provision for credit losses | 5,600 | 10,990 | |||||||||||
Charge-offs | 0 | 0 | |||||||||||
Recoveries | 1 | 3 | |||||||||||
Ending balance | 14,552 | 25,545 | 19,944 | 25,545 | |||||||||
Allowance for credit losses | 8,562 | 25,545 | 19,944 | 25,545 | 25,545 | 8,562 | |||||||
Loans, individually evaluated for impairment | 13,583 | ||||||||||||
Allowance for loans, individually evaluated for impairment | 3,606 | ||||||||||||
Loans | 1,287,921 | 1,220,612 | |||||||||||
Allowance for loans | 8,562 | 25,545 | 19,944 | 25,545 | 25,545 | 8,562 | |||||||
Commercial Real Estate Portfolio Segment [Member] | Real Estate [Member] | |||||||||||||
Loans, individually evaluated for impairment | 13,583 | ||||||||||||
Commercial Real Estate Portfolio Segment [Member] | Accounts Receivable and Equipment [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Commercial Real Estate Portfolio Segment [Member] | Other Collateral [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | |||||||||||||
Beginning balance | 5,235 | 13,435 | 5,235 | 5,235 | |||||||||
Impact of adoption | 0 | 2,946 | |||||||||||
Initial allowance for loans with PCD | 0 | 152 | |||||||||||
Provision for credit losses | 5,403 | 10,503 | |||||||||||
Charge-offs | 0 | 0 | |||||||||||
Recoveries | 1 | 3 | |||||||||||
Ending balance | 8,333 | 18,839 | 13,435 | 18,839 | |||||||||
Allowance for credit losses | 5,235 | 18,839 | 13,435 | 18,839 | 18,839 | 5,235 | |||||||
Loans, individually evaluated for impairment | 10,569 | ||||||||||||
Allowance for loans, individually evaluated for impairment | 2,255 | ||||||||||||
Loans | 815,464 | 746,283 | |||||||||||
Allowance for loans | 5,235 | 18,839 | 13,435 | 18,839 | 18,839 | 5,235 | |||||||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Real Estate [Member] | |||||||||||||
Loans, individually evaluated for impairment | 10,569 | ||||||||||||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Accounts Receivable and Equipment [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Other Collateral [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | |||||||||||||
Beginning balance | 3,327 | 6,509 | 3,327 | 3,327 | |||||||||
Impact of adoption | 0 | 1,542 | |||||||||||
Initial allowance for loans with PCD | 0 | 1,350 | |||||||||||
Provision for credit losses | 197 | 487 | |||||||||||
Charge-offs | 0 | 0 | |||||||||||
Recoveries | 0 | 0 | |||||||||||
Ending balance | 6,219 | 6,706 | 6,509 | 6,706 | |||||||||
Allowance for credit losses | 3,327 | 6,706 | 6,509 | 6,706 | 6,706 | 3,327 | |||||||
Loans, individually evaluated for impairment | 3,014 | ||||||||||||
Allowance for loans, individually evaluated for impairment | 1,351 | ||||||||||||
Loans | 472,457 | 474,329 | |||||||||||
Allowance for loans | 3,327 | 6,706 | 6,509 | 6,706 | 6,706 | 3,327 | |||||||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Real Estate [Member] | |||||||||||||
Loans, individually evaluated for impairment | 3,014 | ||||||||||||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Accounts Receivable and Equipment [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Other Collateral [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Real Estate Mortgage Portfolio Segment [Member] | |||||||||||||
Beginning balance | 11,764 | 11,764 | 12,001 | 11,764 | 10,681 | ||||||||
Provision for credit losses | 10 | 1,310 | |||||||||||
Charge-offs | (13) | (13) | |||||||||||
Recoveries | 32 | 52 | |||||||||||
Ending balance | 12,030 | 12,030 | |||||||||||
Allowance for credit losses | 11,764 | 11,764 | 12,030 | 11,764 | 10,681 | 11,764 | |||||||
Loans, individually evaluated for impairment | 3,307 | ||||||||||||
Allowance for loans, individually evaluated for impairment | 13 | ||||||||||||
Loans, collectively evaluated for impairment | 1,663,549 | ||||||||||||
Loans | 1,666,856 | ||||||||||||
Allowance for loans, collectively evaluated for impairment | 11,751 | ||||||||||||
Allowance for loans | 11,764 | 11,764 | 12,030 | 11,764 | 10,681 | 11,764 | |||||||
Real Estate Mortgage Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||||||||||
Beginning balance | 0 | 0 | 0 | ||||||||||
Allowance for credit losses | 0 | 0 | 0 | 0 | |||||||||
Loans | 0 | ||||||||||||
Allowance for loans | 0 | 0 | 0 | 0 | |||||||||
Commercial and Industrial Portfolio Segment [Member] | |||||||||||||
Beginning balance | 12,822 | 12,822 | 11,762 | 12,822 | 11,965 | ||||||||
Provision for credit losses | 92 | (210) | |||||||||||
Charge-offs | 0 | (3) | |||||||||||
Recoveries | 4 | 106 | |||||||||||
Ending balance | 11,858 | 11,858 | |||||||||||
Allowance for credit losses | 12,822 | 12,822 | 11,858 | 12,822 | 11,965 | 12,822 | |||||||
Loans, individually evaluated for impairment | 27 | 8,223 | |||||||||||
Allowance for loans, individually evaluated for impairment | 18 | 1,150 | |||||||||||
Loans, collectively evaluated for impairment | 862,288 | ||||||||||||
Loans | 870,511 | ||||||||||||
Allowance for loans, collectively evaluated for impairment | 11,672 | ||||||||||||
Allowance for loans | 12,822 | 12,822 | 11,858 | 12,822 | 11,965 | 12,822 | |||||||
Commercial and Industrial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||||||||||
Beginning balance | 0 | 0 | 0 | ||||||||||
Allowance for credit losses | 0 | 0 | 0 | 0 | |||||||||
Loans | 0 | ||||||||||||
Allowance for loans | 0 | 0 | 0 | 0 | |||||||||
Commercial and Industrial Portfolio Segment [Member] | Real Estate [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Commercial and Industrial Portfolio Segment [Member] | Accounts Receivable and Equipment [Member] | |||||||||||||
Loans, individually evaluated for impairment | 9 | ||||||||||||
Commercial and Industrial Portfolio Segment [Member] | Other Collateral [Member] | |||||||||||||
Loans, individually evaluated for impairment | 18 | ||||||||||||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | |||||||||||||
Beginning balance | 6,782 | 7,990 | 6,782 | 6,782 | |||||||||
Impact of adoption | 0 | 365 | |||||||||||
Initial allowance for loans with PCD | 0 | 0 | |||||||||||
Provision for credit losses | (651) | 185 | |||||||||||
Charge-offs | 0 | 0 | |||||||||||
Recoveries | 0 | 7 | |||||||||||
Ending balance | 7,147 | 7,339 | 7,990 | 7,339 | |||||||||
Allowance for credit losses | 6,782 | 7,339 | 7,990 | 7,339 | 7,339 | 6,782 | |||||||
Loans, individually evaluated for impairment | 27 | ||||||||||||
Allowance for loans, individually evaluated for impairment | 18 | ||||||||||||
Loans | 1,140,466 | ||||||||||||
Allowance for loans | 6,782 | 7,339 | 7,990 | 7,339 | 7,339 | 6,782 | |||||||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Real Estate [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Accounts Receivable and Equipment [Member] | |||||||||||||
Loans, individually evaluated for impairment | 9 | ||||||||||||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Other Collateral [Member] | |||||||||||||
Loans, individually evaluated for impairment | 18 | ||||||||||||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | |||||||||||||
Beginning balance | 5,657 | 3,866 | 5,657 | 5,657 | |||||||||
Impact of adoption | 0 | (1,528) | |||||||||||
Initial allowance for loans with PCD | 0 | 0 | |||||||||||
Provision for credit losses | (624) | (887) | |||||||||||
Charge-offs | 0 | 0 | |||||||||||
Recoveries | 0 | 0 | |||||||||||
Ending balance | 4,129 | 3,242 | 3,866 | 3,242 | |||||||||
Allowance for credit losses | 5,657 | 3,242 | 3,866 | 3,242 | 3,242 | 5,657 | |||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Allowance for loans, individually evaluated for impairment | 0 | ||||||||||||
Loans | 254,096 | 381,502 | |||||||||||
Allowance for loans | 5,657 | 3,242 | 3,866 | 3,242 | 3,242 | 5,657 | |||||||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Real Estate [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Accounts Receivable and Equipment [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Other Collateral [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Construction and Development Excluding Undeveloped Land Portfolio Segment [Member] | |||||||||||||
Beginning balance | 1,319 | 1,319 | 1,319 | ||||||||||
Allowance for credit losses | 1,319 | 1,319 | 1,319 | 1,319 | |||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Allowance for loans, individually evaluated for impairment | 0 | ||||||||||||
Loans, collectively evaluated for impairment | 213,822 | ||||||||||||
Loans | 213,822 | ||||||||||||
Allowance for loans, collectively evaluated for impairment | 1,319 | ||||||||||||
Allowance for loans | 1,319 | 1,319 | 1,319 | 1,319 | |||||||||
Construction and Development Excluding Undeveloped Land Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||||||||||
Beginning balance | 0 | 0 | 0 | ||||||||||
Allowance for credit losses | 0 | 0 | 0 | 0 | |||||||||
Loans | 0 | ||||||||||||
Allowance for loans | 0 | 0 | 0 | 0 | |||||||||
Construction and Development [Member] | |||||||||||||
Beginning balance | 2,105 | 5,185 | 2,105 | 1,884 | 2,105 | 1,760 | |||||||
Impact of adoption | 0 | 3,056 | |||||||||||
Initial allowance for loans with PCD | 0 | 0 | |||||||||||
Provision for credit losses | 423 | (74) | 447 | (153) | |||||||||
Charge-offs | 0 | 0 | 0 | 0 | |||||||||
Recoveries | 0 | 0 | 0 | 203 | |||||||||
Ending balance | 5,161 | 5,608 | 5,185 | 1,810 | 5,608 | 1,810 | |||||||
Allowance for credit losses | 2,105 | 5,608 | 5,185 | 1,810 | 5,608 | 1,760 | 5,608 | 2,105 | |||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Allowance for loans, individually evaluated for impairment | 0 | ||||||||||||
Loans | 255,447 | 255,816 | |||||||||||
Allowance for loans | 2,105 | 5,608 | 5,185 | 1,810 | 5,608 | 1,760 | 5,608 | 2,105 | |||||
Construction and Development [Member] | Real Estate [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Construction and Development [Member] | Accounts Receivable and Equipment [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Construction and Development [Member] | Other Collateral [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Undevelopment Land Portfolio Segment [Member] | |||||||||||||
Beginning balance | 786 | 786 | 662 | 786 | 752 | ||||||||
Provision for credit losses | (61) | (151) | |||||||||||
Charge-offs | 0 | 0 | |||||||||||
Recoveries | 0 | 0 | |||||||||||
Ending balance | 601 | 601 | |||||||||||
Allowance for credit losses | 786 | 786 | 601 | 786 | 752 | 786 | |||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Allowance for loans, individually evaluated for impairment | 0 | ||||||||||||
Loans, collectively evaluated for impairment | 46,360 | ||||||||||||
Loans | 46,360 | ||||||||||||
Allowance for loans, collectively evaluated for impairment | 786 | ||||||||||||
Allowance for loans | 786 | 786 | 601 | 786 | 752 | 786 | |||||||
Undevelopment Land Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||||||||||
Beginning balance | 0 | 0 | 0 | ||||||||||
Allowance for credit losses | 0 | 0 | 0 | 0 | |||||||||
Loans | 0 | ||||||||||||
Allowance for loans | 0 | 0 | 0 | 0 | |||||||||
Consumer Portfolio Segment [Member] | |||||||||||||
Beginning balance | 100 | 198 | 100 | 155 | 100 | 376 | |||||||
Impact of adoption | 0 | 264 | |||||||||||
Initial allowance for loans with PCD | 0 | 34 | |||||||||||
Provision for credit losses | 134 | 33 | (3) | (196) | |||||||||
Charge-offs | (80) | (148) | (254) | (244) | |||||||||
Recoveries | 110 | 77 | 221 | 181 | |||||||||
Ending balance | 398 | 362 | 198 | 117 | 362 | 117 | |||||||
Allowance for credit losses | 100 | 362 | 198 | 117 | 362 | 376 | 362 | 100 | |||||
Loans, individually evaluated for impairment | 26 | 0 | |||||||||||
Allowance for loans, individually evaluated for impairment | 26 | 0 | |||||||||||
Loans, collectively evaluated for impairment | 47,467 | ||||||||||||
Loans | 43,758 | 47,467 | |||||||||||
Allowance for loans, collectively evaluated for impairment | 100 | ||||||||||||
Allowance for loans | 100 | 362 | 198 | $ 117 | 362 | $ 376 | 362 | 100 | |||||
Consumer Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | |||||||||||||
Beginning balance | 0 | 0 | 0 | ||||||||||
Allowance for credit losses | 0 | 0 | 0 | 0 | |||||||||
Loans | 0 | ||||||||||||
Allowance for loans | 0 | 0 | 0 | 0 | |||||||||
Consumer Portfolio Segment [Member] | Real Estate [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Consumer Portfolio Segment [Member] | Accounts Receivable and Equipment [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Consumer Portfolio Segment [Member] | Other Collateral [Member] | |||||||||||||
Loans, individually evaluated for impairment | 26 | ||||||||||||
Total Commercial and Industrial Portfolio Segment [Member] | |||||||||||||
Beginning balance | 12,439 | 11,856 | 12,439 | 12,439 | |||||||||
Impact of adoption | 0 | (1,163) | |||||||||||
Initial allowance for loans with PCD | 0 | 0 | |||||||||||
Provision for credit losses | (1,275) | (702) | |||||||||||
Charge-offs | 0 | 0 | |||||||||||
Recoveries | 0 | 7 | |||||||||||
Ending balance | 11,276 | 10,581 | 11,856 | 10,581 | |||||||||
Allowance for credit losses | 12,439 | 10,581 | 11,856 | 10,581 | 10,581 | 12,439 | |||||||
Loans | 1,394,562 | 838,800 | |||||||||||
Allowance for loans | 12,439 | 10,581 | 11,856 | 10,581 | 10,581 | 12,439 | |||||||
Residential Real Estate Portfolio Segment [Member] | |||||||||||||
Beginning balance | 2,474 | 4,121 | 2,474 | 2,474 | |||||||||
Impact of adoption | 0 | 1,516 | |||||||||||
Initial allowance for loans with PCD | 0 | 99 | |||||||||||
Provision for credit losses | 337 | 369 | |||||||||||
Charge-offs | (18) | (18) | |||||||||||
Recoveries | 2 | 2 | |||||||||||
Ending balance | 4,089 | 4,442 | 4,121 | 4,442 | |||||||||
Allowance for credit losses | 2,474 | 4,442 | 4,121 | 4,442 | 4,442 | 2,474 | |||||||
Loans, individually evaluated for impairment | 670 | ||||||||||||
Allowance for loans, individually evaluated for impairment | 99 | ||||||||||||
Loans | 355,012 | 352,601 | |||||||||||
Allowance for loans | 2,474 | 4,442 | 4,121 | 4,442 | 4,442 | 2,474 | |||||||
Residential Real Estate Portfolio Segment [Member] | Real Estate [Member] | |||||||||||||
Loans, individually evaluated for impairment | 670 | ||||||||||||
Residential Real Estate Portfolio Segment [Member] | Accounts Receivable and Equipment [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Residential Real Estate Portfolio Segment [Member] | Other Collateral [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | |||||||||||||
Beginning balance | 947 | 1,419 | 947 | 947 | |||||||||
Impact of adoption | 0 | 429 | |||||||||||
Initial allowance for loans with PCD | 0 | 0 | |||||||||||
Provision for credit losses | 175 | 218 | |||||||||||
Charge-offs | 0 | 0 | |||||||||||
Recoveries | 0 | 0 | |||||||||||
Ending balance | 1,376 | 1,594 | 1,419 | 1,594 | |||||||||
Allowance for credit losses | 947 | 1,594 | 1,419 | 1,594 | 1,594 | 947 | |||||||
Loans, individually evaluated for impairment | 225 | ||||||||||||
Allowance for loans, individually evaluated for impairment | 0 | ||||||||||||
Loans | 139,121 | 134,995 | |||||||||||
Allowance for loans | 947 | 1,594 | 1,419 | 1,594 | 1,594 | 947 | |||||||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Real Estate [Member] | |||||||||||||
Loans, individually evaluated for impairment | 225 | ||||||||||||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Accounts Receivable and Equipment [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Other Collateral [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | |||||||||||||
Beginning balance | 1,527 | 2,702 | 1,527 | 1,527 | |||||||||
Impact of adoption | 0 | 1,087 | |||||||||||
Initial allowance for loans with PCD | 0 | 99 | |||||||||||
Provision for credit losses | 162 | 151 | |||||||||||
Charge-offs | (18) | (18) | |||||||||||
Recoveries | 2 | 2 | |||||||||||
Ending balance | 2,713 | 2,848 | 2,702 | 2,848 | |||||||||
Allowance for credit losses | 1,527 | 2,848 | 2,702 | 2,848 | 2,848 | 1,527 | |||||||
Loans, individually evaluated for impairment | 445 | ||||||||||||
Allowance for loans, individually evaluated for impairment | 99 | ||||||||||||
Loans | 215,891 | 217,606 | |||||||||||
Allowance for loans | 1,527 | 2,848 | 2,702 | 2,848 | 2,848 | 1,527 | |||||||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Real Estate [Member] | |||||||||||||
Loans, individually evaluated for impairment | 445 | ||||||||||||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Accounts Receivable and Equipment [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Other Collateral [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Finance Leases Portfolio Segment [Member] | |||||||||||||
Beginning balance | 237 | 159 | 237 | 237 | |||||||||
Impact of adoption | 0 | (4) | |||||||||||
Initial allowance for loans with PCD | 0 | 0 | |||||||||||
Provision for credit losses | 64 | (10) | |||||||||||
Charge-offs | 0 | 0 | |||||||||||
Recoveries | 0 | 0 | |||||||||||
Ending balance | 233 | 223 | 159 | 223 | |||||||||
Allowance for credit losses | 237 | 223 | 159 | 223 | 223 | 237 | |||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Allowance for loans, individually evaluated for impairment | 0 | ||||||||||||
Loans | 14,843 | 16,003 | |||||||||||
Allowance for loans | 237 | 223 | 159 | 223 | 223 | 237 | |||||||
Finance Leases Portfolio Segment [Member] | Real Estate [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Finance Leases Portfolio Segment [Member] | Accounts Receivable and Equipment [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Finance Leases Portfolio Segment [Member] | Other Collateral [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Commercial Portfolio Segment [Member] | |||||||||||||
Beginning balance | 146 | 146 | 146 | ||||||||||
Ending balance | 96 | ||||||||||||
Allowance for credit losses | 146 | 146 | 146 | 146 | |||||||||
Allowance for loans | 146 | 146 | 146 | 146 | |||||||||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | |||||||||||||
Beginning balance | 146 | 57 | 146 | 146 | |||||||||
Impact of adoption | 0 | (50) | |||||||||||
Initial allowance for loans with PCD | 0 | 0 | |||||||||||
Provision for credit losses | 58 | 19 | |||||||||||
Charge-offs | 0 | 0 | |||||||||||
Recoveries | 0 | 0 | |||||||||||
Ending balance | 115 | 57 | 115 | ||||||||||
Allowance for credit losses | 146 | 115 | 146 | 146 | 115 | 146 | |||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Allowance for loans, individually evaluated for impairment | 0 | ||||||||||||
Loans | 8,862 | 9,863 | |||||||||||
Allowance for loans | $ 146 | $ 115 | $ 146 | $ 146 | 115 | $ 146 | |||||||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Real Estate [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Accounts Receivable and Equipment [Member] | |||||||||||||
Loans, individually evaluated for impairment | 0 | ||||||||||||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Other Collateral [Member] | |||||||||||||
Loans, individually evaluated for impairment | $ 0 | ||||||||||||
[1] | The impact of the ASC 326 adoption on the ACL on loans reflects $8.2 million related to the transition from the incurred loss ACL model to the CECL ACL model and $1.6 million related to the transition from PCI to PCD methodology as defined in the standard. | ||||||||||||
[2] | Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs | ||||||||||||
[3] | Total loans are presented inclusive of premiums, discounts, and net loan origination fees and costs. |
Note 4 - Loans and Allowance _7
Note 4 - Loans and Allowance for Credit Losses on Loans - Loans Individually Evaluated for Impairment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2019 | Dec. 31, 2019 | |
Loans with no related allowance recorded, recorded investment | $ 3,468 | ||
Loans with no related allowance recorded, unpaid principal balance | 3,926 | ||
Loans with no related allowance recorded, average recorded investment | $ 3,151 | $ 2,972 | |
Loans with no related allowance recorded, interest income recognized | 0 | 0 | |
Loans with an allowance recorded, recorded investment | 8,062 | ||
Loans with an allowance recorded, unpaid principal balance | 8,062 | ||
Related allowance | 1,163 | ||
Loans with an allowance recorded, average recorded investment | 38 | 40 | |
Loans with an allowance recorded, interest income recognized | 0 | 1 | |
Recorded investment | 11,530 | ||
Unpaid principal balance | 11,988 | ||
Average recorded investment | 3,189 | 3,012 | |
Interest income recognized | 0 | 1 | |
Commercial and Industrial Portfolio Segment [Member] | |||
Loans with no related allowance recorded, recorded investment | 174 | ||
Loans with no related allowance recorded, unpaid principal balance | 174 | ||
Loans with no related allowance recorded, average recorded investment | 144 | 160 | |
Loans with no related allowance recorded, interest income recognized | 0 | 0 | |
Loans with an allowance recorded, recorded investment | 8,049 | ||
Loans with an allowance recorded, unpaid principal balance | 8,049 | ||
Related allowance | 1,150 | ||
Loans with an allowance recorded, average recorded investment | 24 | 26 | |
Loans with an allowance recorded, interest income recognized | 0 | 1 | |
Recorded investment | 8,223 | ||
Unpaid principal balance | 8,223 | ||
Average recorded investment | 168 | 186 | |
Interest income recognized | 0 | 1 | |
Construction and Development Excluding Undeveloped Land Portfolio Segment [Member] | |||
Loans with no related allowance recorded, recorded investment | 0 | ||
Loans with no related allowance recorded, unpaid principal balance | 0 | ||
Loans with no related allowance recorded, average recorded investment | 0 | 106 | |
Loans with no related allowance recorded, interest income recognized | 0 | 0 | |
Related allowance | 0 | ||
Recorded investment | 0 | ||
Unpaid principal balance | 0 | ||
Average recorded investment | 0 | 106 | |
Interest income recognized | 0 | 0 | |
Undevelopment Land Portfolio Segment [Member] | |||
Loans with no related allowance recorded, recorded investment | 0 | ||
Loans with no related allowance recorded, unpaid principal balance | 0 | ||
Loans with no related allowance recorded, average recorded investment | 0 | 158 | |
Loans with no related allowance recorded, interest income recognized | 0 | 0 | |
Related allowance | 0 | ||
Recorded investment | 0 | ||
Unpaid principal balance | 0 | ||
Average recorded investment | 0 | 158 | |
Interest income recognized | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | |||
Loans with no related allowance recorded, recorded investment | 3,294 | ||
Loans with no related allowance recorded, unpaid principal balance | 3,752 | ||
Loans with no related allowance recorded, average recorded investment | 3,007 | 2,548 | |
Loans with no related allowance recorded, interest income recognized | 0 | 0 | |
Loans with an allowance recorded, recorded investment | 13 | ||
Loans with an allowance recorded, unpaid principal balance | 13 | ||
Related allowance | 13 | ||
Loans with an allowance recorded, average recorded investment | 14 | 14 | |
Loans with an allowance recorded, interest income recognized | 0 | 0 | |
Recorded investment | 3,307 | ||
Unpaid principal balance | 3,765 | ||
Average recorded investment | 3,021 | 2,562 | |
Interest income recognized | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Investment [Member] | |||
Loans with no related allowance recorded, recorded investment | 741 | ||
Loans with no related allowance recorded, unpaid principal balance | 741 | ||
Loans with no related allowance recorded, average recorded investment | 311 | 254 | |
Loans with no related allowance recorded, interest income recognized | 0 | 0 | |
Related allowance | 0 | ||
Recorded investment | 741 | ||
Unpaid principal balance | 741 | ||
Average recorded investment | 311 | 254 | |
Interest income recognized | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Owner Occupied Commercial [Member] | |||
Loans with no related allowance recorded, recorded investment | 2,278 | ||
Loans with no related allowance recorded, unpaid principal balance | 2,736 | ||
Loans with no related allowance recorded, average recorded investment | 1,455 | 1,165 | |
Loans with no related allowance recorded, interest income recognized | 0 | 0 | |
Related allowance | 0 | ||
Recorded investment | 2,278 | ||
Unpaid principal balance | 2,736 | ||
Average recorded investment | 1,455 | 1,165 | |
Interest income recognized | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | One to Four Family Residential [Member] | |||
Loans with no related allowance recorded, recorded investment | 124 | ||
Loans with no related allowance recorded, unpaid principal balance | 124 | ||
Loans with no related allowance recorded, average recorded investment | 779 | 773 | |
Loans with no related allowance recorded, interest income recognized | 0 | 0 | |
Related allowance | 13 | ||
Recorded investment | 137 | ||
Unpaid principal balance | 137 | ||
Average recorded investment | 793 | 787 | |
Interest income recognized | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Home Equity Junior Lien [Member] | |||
Loans with no related allowance recorded, recorded investment | 151 | ||
Loans with no related allowance recorded, unpaid principal balance | 151 | ||
Loans with no related allowance recorded, average recorded investment | 462 | 356 | |
Loans with no related allowance recorded, interest income recognized | 0 | 0 | |
Related allowance | 0 | ||
Recorded investment | 151 | ||
Unpaid principal balance | $ 151 | ||
Average recorded investment | 462 | 356 | |
Interest income recognized | $ 0 | $ 0 |
Note 4 - Loans and Allowance _8
Note 4 - Loans and Allowance for Credit Losses on Loans - Aging of the Recorded Investment in Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 | ||
Current | $ 3,458,175 | $ 2,829,857 | ||
Past due | 5,902 | 15,159 | ||
Loans | [1] | 3,464,077 | 2,845,016 | [2] |
Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 1,110 | 2,647 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 674 | 467 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 4,118 | 12,045 | ||
Home Equity Line of Credit [Member] | ||||
Current | 103,672 | |||
Past due | 0 | |||
Loans | 103,672 | 103,854 | ||
Home Equity Line of Credit [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 0 | |||
Home Equity Line of Credit [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 0 | |||
Home Equity Line of Credit [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 0 | |||
Commercial Real Estate Portfolio Segment [Member] | ||||
Current | 1,284,139 | |||
Past due | 3,782 | |||
Loans | 1,287,921 | 1,220,612 | ||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 377 | |||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 35 | |||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 3,370 | |||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | ||||
Current | 814,610 | |||
Past due | 854 | |||
Loans | 815,464 | 746,283 | ||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 121 | |||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 35 | |||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 698 | |||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | ||||
Current | 469,529 | |||
Past due | 2,928 | |||
Loans | 472,457 | 474,329 | ||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 256 | |||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 0 | |||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 2,672 | |||
Commercial and Industrial Portfolio Segment [Member] | ||||
Current | 861,860 | |||
Past due | 8,651 | |||
Loans | 870,511 | |||
Commercial and Industrial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 253 | |||
Commercial and Industrial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 194 | |||
Commercial and Industrial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 8,204 | |||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | ||||
Current | 1,140,384 | |||
Past due | 82 | |||
Loans | 1,140,466 | |||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 59 | |||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 14 | |||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 9 | |||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | ||||
Current | 253,645 | |||
Past due | 451 | |||
Loans | 254,096 | 381,502 | ||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 41 | |||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 310 | |||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 100 | |||
Construction and Development Excluding Undeveloped Land Portfolio Segment [Member] | ||||
Current | 213,766 | |||
Past due | 56 | |||
Loans | 213,822 | |||
Construction and Development Excluding Undeveloped Land Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 6 | |||
Construction and Development Excluding Undeveloped Land Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 50 | |||
Construction and Development Excluding Undeveloped Land Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 0 | |||
Undevelopment Land Portfolio Segment [Member] | ||||
Current | 46,360 | |||
Past due | 0 | |||
Loans | 46,360 | |||
Undevelopment Land Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 0 | |||
Undevelopment Land Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 0 | |||
Undevelopment Land Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 0 | |||
Total Commercial and Industrial Portfolio Segment [Member] | ||||
Current | 1,394,029 | |||
Past due | 533 | |||
Loans | 1,394,562 | 838,800 | ||
Total Commercial and Industrial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 100 | |||
Total Commercial and Industrial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 324 | |||
Total Commercial and Industrial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 109 | |||
Real Estate Mortgage Portfolio Segment [Member] | ||||
Current | 1,660,492 | |||
Past due | 6,364 | |||
Loans | 1,666,856 | |||
Real Estate Mortgage Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 2,304 | |||
Real Estate Mortgage Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 219 | |||
Real Estate Mortgage Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 3,841 | |||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Investment [Member] | ||||
Current | 735,387 | |||
Past due | 1,231 | |||
Loans | 736,618 | |||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Investment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 94 | |||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Investment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 0 | |||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Investment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 1,137 | |||
Real Estate Mortgage Portfolio Segment [Member] | Owner Occupied Commercial [Member] | ||||
Loans | 473,783 | |||
Real Estate Mortgage Portfolio Segment [Member] | One to Four Family Residential [Member] | ||||
Current | 332,718 | |||
Past due | 1,640 | |||
Loans | 334,358 | |||
Real Estate Mortgage Portfolio Segment [Member] | One to Four Family Residential [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 1,368 | |||
Real Estate Mortgage Portfolio Segment [Member] | One to Four Family Residential [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 33 | |||
Real Estate Mortgage Portfolio Segment [Member] | One to Four Family Residential [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 239 | |||
Real Estate Mortgage Portfolio Segment [Member] | Home Equity First Lien [Member] | ||||
Current | 48,441 | |||
Past due | 179 | |||
Loans | 48,620 | |||
Real Estate Mortgage Portfolio Segment [Member] | Home Equity First Lien [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 179 | |||
Real Estate Mortgage Portfolio Segment [Member] | Home Equity First Lien [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 0 | |||
Real Estate Mortgage Portfolio Segment [Member] | Home Equity First Lien [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 0 | |||
Real Estate Mortgage Portfolio Segment [Member] | Home Equity Junior Lien [Member] | ||||
Current | 72,995 | |||
Past due | 482 | |||
Loans | 73,477 | |||
Real Estate Mortgage Portfolio Segment [Member] | Home Equity Junior Lien [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 196 | |||
Real Estate Mortgage Portfolio Segment [Member] | Home Equity Junior Lien [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 100 | |||
Real Estate Mortgage Portfolio Segment [Member] | Home Equity Junior Lien [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 186 | |||
Residential Real Estate Portfolio Segment [Member] | ||||
Current | 353,504 | |||
Past due | 1,508 | |||
Loans | 355,012 | 352,601 | ||
Residential Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 603 | |||
Residential Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 314 | |||
Residential Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 591 | |||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | ||||
Current | 138,823 | |||
Past due | 298 | |||
Loans | 139,121 | 134,995 | ||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 0 | |||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 24 | |||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 274 | |||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | ||||
Current | 214,681 | |||
Past due | 1,210 | |||
Loans | 215,891 | 217,606 | ||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 603 | |||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 290 | |||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 317 | |||
Construction and Development [Member] | ||||
Current | 255,399 | |||
Past due | 48 | |||
Loans | 255,447 | 255,816 | ||
Construction and Development [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 0 | |||
Construction and Development [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 0 | |||
Construction and Development [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 48 | |||
Consumer Portfolio Segment [Member] | ||||
Current | 43,727 | 47,379 | ||
Past due | 31 | 88 | ||
Loans | 43,758 | 47,467 | ||
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 30 | 84 | ||
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 1 | 4 | ||
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 0 | 0 | ||
Finance Leases Portfolio Segment [Member] | ||||
Current | 14,843 | |||
Past due | 0 | |||
Loans | 14,843 | 16,003 | ||
Finance Leases Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 0 | |||
Finance Leases Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 0 | |||
Finance Leases Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | 0 | |||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||
Current | 8,862 | |||
Past due | 0 | |||
Loans | 8,862 | $ 9,863 | ||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||||
Past due | 0 | |||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Past due | 0 | |||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Past due | $ 0 | |||
[1] | Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs | |||
[2] | Total loans are presented inclusive of premiums, discounts, and net loan origination fees and costs. |
Note 4 - Loans and Allowance _9
Note 4 - Loans and Allowance for Credit Losses on Loans - Non-accrual Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Non-accrual with no allowance | $ 2,416 | |
Non-accrual loans | 14,262 | $ 11,494 |
Past due 90-days-or-more and still accruing interest | 48 | 535 |
Home Equity Line of Credit [Member] | ||
Non-accrual with no allowance | 0 | |
Non-accrual loans | 0 | |
Past due 90-days-or-more and still accruing interest | 0 | |
Commercial and Industrial Portfolio Segment [Member] | ||
Non-accrual loans | 8,202 | |
Past due 90-days-or-more and still accruing interest | 0 | |
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | ||
Non-accrual with no allowance | 9 | |
Non-accrual loans | 9 | |
Past due 90-days-or-more and still accruing interest | 0 | |
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | ||
Non-accrual with no allowance | 0 | |
Non-accrual loans | 0 | |
Past due 90-days-or-more and still accruing interest | 0 | |
Construction and Development Excluding Undeveloped Land Portfolio Segment [Member] | ||
Non-accrual loans | 0 | |
Past due 90-days-or-more and still accruing interest | 0 | |
Commercial Real Estate Portfolio Segment [Member] | ||
Non-accrual with no allowance | 1,876 | |
Non-accrual loans | 13,583 | |
Past due 90-days-or-more and still accruing interest | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | ||
Non-accrual with no allowance | 213 | |
Non-accrual loans | 10,569 | |
Past due 90-days-or-more and still accruing interest | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | ||
Non-accrual with no allowance | 1,663 | |
Non-accrual loans | 3,014 | |
Past due 90-days-or-more and still accruing interest | 0 | |
Undevelopment Land Portfolio Segment [Member] | ||
Non-accrual loans | 0 | |
Past due 90-days-or-more and still accruing interest | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | ||
Non-accrual loans | 3,292 | |
Past due 90-days-or-more and still accruing interest | 535 | |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Investment [Member] | ||
Non-accrual loans | 740 | |
Past due 90-days-or-more and still accruing interest | 396 | |
Real Estate Mortgage Portfolio Segment [Member] | Owner Occupied Commercial [Member] | ||
Non-accrual loans | 2,278 | |
Past due 90-days-or-more and still accruing interest | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | One to Four Family Residential [Member] | ||
Non-accrual loans | 123 | |
Past due 90-days-or-more and still accruing interest | 104 | |
Real Estate Mortgage Portfolio Segment [Member] | Home Equity First Lien [Member] | ||
Non-accrual loans | 0 | |
Past due 90-days-or-more and still accruing interest | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Home Equity Junior Lien [Member] | ||
Non-accrual loans | 151 | |
Past due 90-days-or-more and still accruing interest | 35 | |
Total Commercial and Industrial Portfolio Segment [Member] | ||
Non-accrual with no allowance | 9 | |
Non-accrual loans | 9 | |
Past due 90-days-or-more and still accruing interest | 0 | |
Residential Real Estate Portfolio Segment [Member] | ||
Non-accrual with no allowance | 531 | |
Non-accrual loans | 670 | |
Past due 90-days-or-more and still accruing interest | 0 | |
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | ||
Non-accrual with no allowance | 225 | |
Non-accrual loans | 225 | |
Past due 90-days-or-more and still accruing interest | 0 | |
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | ||
Non-accrual with no allowance | 306 | |
Non-accrual loans | 445 | |
Past due 90-days-or-more and still accruing interest | 0 | |
Consumer Portfolio Segment [Member] | ||
Non-accrual with no allowance | 0 | |
Non-accrual loans | 0 | 0 |
Past due 90-days-or-more and still accruing interest | 0 | $ 0 |
Construction and Development [Member] | ||
Non-accrual with no allowance | 0 | |
Non-accrual loans | 0 | |
Past due 90-days-or-more and still accruing interest | 48 | |
Finance Leases Portfolio Segment [Member] | ||
Non-accrual with no allowance | 0 | |
Non-accrual loans | 0 | |
Past due 90-days-or-more and still accruing interest | 0 | |
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | ||
Non-accrual with no allowance | 0 | |
Non-accrual loans | 0 | |
Past due 90-days-or-more and still accruing interest | $ 0 |
Note 4 - Loans and Allowance_10
Note 4 - Loans and Allowance for Credit Losses on Loans - Internally Assigned Risk Grades of Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 | ||
Loans | [1] | $ 3,464,077 | $ 2,845,016 | [2] |
Loans Originated in 2020 [Member] | ||||
Loans | 1,217,049 | |||
Loans Originated in 2019 [Member] | ||||
Loans | 610,858 | |||
Loans Originated in 2018 [Member] | ||||
Loans | 459,911 | |||
Loans Originated in 2017 [Member] | ||||
Loans | 302,074 | |||
Loans Originated in 2016 [Member] | ||||
Loans | 236,304 | |||
Loans Originiated Prior to 2016 [Member] | ||||
Loans | 242,371 | |||
Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 372,091 | |||
Revolving Loans Converted to Term [Member] | ||||
Loans | 23,419 | |||
Home Equity Line of Credit [Member] | ||||
Loans | 103,672 | 103,854 | ||
Home Equity Line of Credit [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Home Equity Line of Credit [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Home Equity Line of Credit [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Home Equity Line of Credit [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Home Equity Line of Credit [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Home Equity Line of Credit [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Home Equity Line of Credit [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 103,672 | |||
Home Equity Line of Credit [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Commercial and Industrial Portfolio Segment [Member] | ||||
Loans | 870,511 | |||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | ||||
Loans | 1,140,466 | |||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 773,759 | |||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 113,705 | |||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 122,966 | |||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 52,022 | |||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 43,629 | |||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 26,630 | |||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 7,755 | |||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | ||||
Loans | 254,096 | 381,502 | ||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 13,460 | |||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 29,646 | |||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 4,191 | |||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 2,956 | |||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 364 | |||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 203,479 | |||
Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Construction and Development Excluding Undeveloped Land Portfolio Segment [Member] | ||||
Loans | 213,822 | |||
Commercial Real Estate Portfolio Segment [Member] | ||||
Loans | 1,287,921 | 1,220,612 | ||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | ||||
Loans | 815,464 | 746,283 | ||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 188,005 | |||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 173,088 | |||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 106,905 | |||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 127,208 | |||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 96,888 | |||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 96,927 | |||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 14,454 | |||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 11,989 | |||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | ||||
Loans | 472,457 | 474,329 | ||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 102,192 | |||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 116,219 | |||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 94,009 | |||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 54,739 | |||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 44,901 | |||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 52,059 | |||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 7,144 | |||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 1,194 | |||
Residential Real Estate Portfolio Segment [Member] | ||||
Loans | 355,012 | 352,601 | ||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | ||||
Loans | 139,121 | 134,995 | ||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 43,459 | |||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 28,637 | |||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 29,468 | |||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 12,618 | |||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 11,728 | |||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 13,053 | |||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 158 | |||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | ||||
Loans | 215,891 | 217,606 | ||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 35,607 | |||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 43,994 | |||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 29,055 | |||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 27,100 | |||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 32,915 | |||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 46,925 | |||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 295 | |||
Finance Leases Portfolio Segment [Member] | ||||
Loans | 14,843 | 16,003 | ||
Finance Leases Portfolio Segment [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 1,692 | |||
Finance Leases Portfolio Segment [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 2,238 | |||
Finance Leases Portfolio Segment [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 2,529 | |||
Finance Leases Portfolio Segment [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 1,774 | |||
Finance Leases Portfolio Segment [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 4,104 | |||
Finance Leases Portfolio Segment [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 2,506 | |||
Finance Leases Portfolio Segment [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Finance Leases Portfolio Segment [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Undevelopment Land Portfolio Segment [Member] | ||||
Loans | 46,360 | |||
Real Estate Mortgage Portfolio Segment [Member] | ||||
Loans | 1,666,856 | |||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Investment [Member] | ||||
Loans | 736,618 | |||
Real Estate Mortgage Portfolio Segment [Member] | Owner Occupied Commercial [Member] | ||||
Loans | 473,783 | |||
Real Estate Mortgage Portfolio Segment [Member] | One to Four Family Residential [Member] | ||||
Loans | 334,358 | |||
Real Estate Mortgage Portfolio Segment [Member] | Home Equity First Lien [Member] | ||||
Loans | 48,620 | |||
Real Estate Mortgage Portfolio Segment [Member] | Home Equity Junior Lien [Member] | ||||
Loans | 73,477 | |||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||
Loans | 8,862 | 9,863 | ||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 8,862 | |||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Credit Card Receivable [Member] | ||||
Loans | 8,862 | |||
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Credit Card Receivable [Member] | ||||
Loans | 0 | |||
Consumer Portfolio Segment [Member] | ||||
Loans | 43,758 | 47,467 | ||
Consumer Portfolio Segment [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 3,680 | |||
Consumer Portfolio Segment [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 5,723 | |||
Consumer Portfolio Segment [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 4,042 | |||
Consumer Portfolio Segment [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 498 | |||
Consumer Portfolio Segment [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 525 | |||
Consumer Portfolio Segment [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 1,507 | |||
Consumer Portfolio Segment [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 27,638 | |||
Consumer Portfolio Segment [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 145 | |||
Construction and Development [Member] | ||||
Loans | 255,447 | 255,816 | ||
Construction and Development [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 55,195 | |||
Construction and Development [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 97,608 | |||
Construction and Development [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 66,746 | |||
Construction and Development [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 23,159 | |||
Construction and Development [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 1,250 | |||
Construction and Development [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 2,764 | |||
Construction and Development [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 6,842 | |||
Construction and Development [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 1,883 | |||
Pass [Member] | ||||
Loans | 3,396,907 | 2,785,631 | ||
Pass [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 1,197,796 | |||
Pass [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 597,341 | |||
Pass [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 445,817 | |||
Pass [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 299,651 | |||
Pass [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 233,195 | |||
Pass [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 238,886 | |||
Pass [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 361,245 | |||
Pass [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 22,976 | |||
Pass [Member] | Home Equity Line of Credit [Member] | ||||
Loans | 103,672 | |||
Pass [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Pass [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Pass [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Pass [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Pass [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Pass [Member] | Home Equity Line of Credit [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Pass [Member] | Home Equity Line of Credit [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 103,672 | |||
Pass [Member] | Home Equity Line of Credit [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | ||||
Loans | 840,105 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | ||||
Loans | 1,120,222 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 768,510 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 110,924 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 111,287 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 51,862 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 43,348 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 26,536 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 7,755 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | ||||
Loans | 243,722 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 13,460 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 29,646 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 4,191 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 2,956 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 364 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 193,105 | |||
Pass [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Pass [Member] | Construction and Development Excluding Undeveloped Land Portfolio Segment [Member] | ||||
Loans | 213,822 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | ||||
Loans | 796,480 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 174,017 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 171,037 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 106,905 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 126,594 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 95,310 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 96,646 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 13,982 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 11,989 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | ||||
Loans | 458,309 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 102,192 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 109,160 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 91,659 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 53,309 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 44,522 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 49,472 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 7,144 | |||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 851 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | ||||
Loans | 137,177 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 43,459 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 27,037 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 29,437 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 12,618 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 11,728 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 12,740 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 158 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | ||||
Loans | 215,313 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 35,591 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 43,994 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 29,055 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 26,881 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 32,877 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 46,720 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Pass [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 195 | |||
Pass [Member] | Finance Leases Portfolio Segment [Member] | ||||
Loans | 13,973 | |||
Pass [Member] | Finance Leases Portfolio Segment [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 1,692 | |||
Pass [Member] | Finance Leases Portfolio Segment [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 2,238 | |||
Pass [Member] | Finance Leases Portfolio Segment [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 2,495 | |||
Pass [Member] | Finance Leases Portfolio Segment [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 1,774 | |||
Pass [Member] | Finance Leases Portfolio Segment [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 3,272 | |||
Pass [Member] | Finance Leases Portfolio Segment [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 2,502 | |||
Pass [Member] | Finance Leases Portfolio Segment [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Pass [Member] | Finance Leases Portfolio Segment [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Pass [Member] | Undevelopment Land Portfolio Segment [Member] | ||||
Loans | 46,360 | |||
Pass [Member] | Real Estate Mortgage Portfolio Segment [Member] | ||||
Loans | 1,637,915 | |||
Pass [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Investment [Member] | ||||
Loans | 722,747 | |||
Pass [Member] | Real Estate Mortgage Portfolio Segment [Member] | Owner Occupied Commercial [Member] | ||||
Loans | 460,981 | |||
Pass [Member] | Real Estate Mortgage Portfolio Segment [Member] | One to Four Family Residential [Member] | ||||
Loans | 332,294 | |||
Pass [Member] | Real Estate Mortgage Portfolio Segment [Member] | Home Equity First Lien [Member] | ||||
Loans | 48,620 | |||
Pass [Member] | Real Estate Mortgage Portfolio Segment [Member] | Home Equity Junior Lien [Member] | ||||
Loans | 73,273 | |||
Pass [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||
Loans | 8,862 | |||
Pass [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Pass [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Pass [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Pass [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Pass [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Pass [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Pass [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 8,862 | |||
Pass [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Pass [Member] | Consumer Portfolio Segment [Member] | ||||
Loans | 43,731 | 47,429 | ||
Pass [Member] | Consumer Portfolio Segment [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 3,680 | |||
Pass [Member] | Consumer Portfolio Segment [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 5,697 | |||
Pass [Member] | Consumer Portfolio Segment [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 4,042 | |||
Pass [Member] | Consumer Portfolio Segment [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 498 | |||
Pass [Member] | Consumer Portfolio Segment [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 525 | |||
Pass [Member] | Consumer Portfolio Segment [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 1,506 | |||
Pass [Member] | Consumer Portfolio Segment [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 27,638 | |||
Pass [Member] | Consumer Portfolio Segment [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 145 | |||
Pass [Member] | Construction and Development [Member] | ||||
Loans | 255,446 | |||
Pass [Member] | Construction and Development [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 55,195 | |||
Pass [Member] | Construction and Development [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 97,608 | |||
Pass [Member] | Construction and Development [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 66,746 | |||
Pass [Member] | Construction and Development [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 23,159 | |||
Pass [Member] | Construction and Development [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 1,249 | |||
Pass [Member] | Construction and Development [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 2,764 | |||
Pass [Member] | Construction and Development [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 6,842 | |||
Pass [Member] | Construction and Development [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 1,883 | |||
Special Mention [Member] | ||||
Loans | 19,721 | 10,239 | ||
Special Mention [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 61 | |||
Special Mention [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 2,590 | |||
Special Mention [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 12,680 | |||
Special Mention [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 985 | |||
Special Mention [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 1,913 | |||
Special Mention [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 237 | |||
Special Mention [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 1,255 | |||
Special Mention [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Home Equity Line of Credit [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Home Equity Line of Credit [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Home Equity Line of Credit [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Home Equity Line of Credit [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | ||||
Loans | 704 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | ||||
Loans | 12,867 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 928 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 11,679 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 160 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 83 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 17 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | ||||
Loans | 783 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 783 | |||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Construction and Development Excluding Undeveloped Land Portfolio Segment [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | ||||
Loans | 2,163 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 61 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 1,578 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 52 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 472 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | ||||
Loans | 2,182 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 62 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 967 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 825 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 252 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 76 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | ||||
Loans | 1,688 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 1,600 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 88 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Finance Leases Portfolio Segment [Member] | ||||
Loans | 38 | |||
Special Mention [Member] | Finance Leases Portfolio Segment [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Finance Leases Portfolio Segment [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Finance Leases Portfolio Segment [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 34 | |||
Special Mention [Member] | Finance Leases Portfolio Segment [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Finance Leases Portfolio Segment [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Finance Leases Portfolio Segment [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 4 | |||
Special Mention [Member] | Finance Leases Portfolio Segment [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Finance Leases Portfolio Segment [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Undevelopment Land Portfolio Segment [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Real Estate Mortgage Portfolio Segment [Member] | ||||
Loans | 9,535 | |||
Special Mention [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Investment [Member] | ||||
Loans | 6,459 | |||
Special Mention [Member] | Real Estate Mortgage Portfolio Segment [Member] | Owner Occupied Commercial [Member] | ||||
Loans | 1,375 | |||
Special Mention [Member] | Real Estate Mortgage Portfolio Segment [Member] | One to Four Family Residential [Member] | ||||
Loans | 1,701 | |||
Special Mention [Member] | Real Estate Mortgage Portfolio Segment [Member] | Home Equity First Lien [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Real Estate Mortgage Portfolio Segment [Member] | Home Equity Junior Lien [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Consumer Portfolio Segment [Member] | ||||
Loans | 0 | 0 | ||
Special Mention [Member] | Consumer Portfolio Segment [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Consumer Portfolio Segment [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Consumer Portfolio Segment [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Consumer Portfolio Segment [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Consumer Portfolio Segment [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Consumer Portfolio Segment [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Consumer Portfolio Segment [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Consumer Portfolio Segment [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Construction and Development [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Construction and Development [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Construction and Development [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Construction and Development [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Construction and Development [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Construction and Development [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Construction and Development [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Construction and Development [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Special Mention [Member] | Construction and Development [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Performing Financial Instruments [Member] | ||||
Loans | 33,187 | 37,002 | ||
Substandard [Member] | Performing Financial Instruments [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 9,465 | |||
Substandard [Member] | Performing Financial Instruments [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 10,927 | |||
Substandard [Member] | Performing Financial Instruments [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 1,394 | |||
Substandard [Member] | Performing Financial Instruments [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 223 | |||
Substandard [Member] | Performing Financial Instruments [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 1,149 | |||
Substandard [Member] | Performing Financial Instruments [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 438 | |||
Substandard [Member] | Performing Financial Instruments [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 9,591 | |||
Substandard [Member] | Performing Financial Instruments [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Performing Financial Instruments [Member] | Home Equity Line of Credit [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Performing Financial Instruments [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Performing Financial Instruments [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Performing Financial Instruments [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Performing Financial Instruments [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Performing Financial Instruments [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Performing Financial Instruments [Member] | Home Equity Line of Credit [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Performing Financial Instruments [Member] | Home Equity Line of Credit [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Performing Financial Instruments [Member] | Home Equity Line of Credit [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Nonperforming Financial Instruments [Member] | ||||
Loans | 14,262 | 12,144 | ||
Substandard [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 9,727 | |||
Substandard [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 20 | |||
Substandard [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 1,215 | |||
Substandard [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 47 | |||
Substandard [Member] | Nonperforming Financial Instruments [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 2,810 | |||
Substandard [Member] | Nonperforming Financial Instruments [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Nonperforming Financial Instruments [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 443 | |||
Substandard [Member] | Nonperforming Financial Instruments [Member] | Home Equity Line of Credit [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Nonperforming Financial Instruments [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Nonperforming Financial Instruments [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Nonperforming Financial Instruments [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Nonperforming Financial Instruments [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Nonperforming Financial Instruments [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Nonperforming Financial Instruments [Member] | Home Equity Line of Credit [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Nonperforming Financial Instruments [Member] | Home Equity Line of Credit [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Nonperforming Financial Instruments [Member] | Home Equity Line of Credit [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||||
Loans | 21,500 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Term [Member] | ||||
Loans | 7,368 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Term [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 5,249 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Term [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 1,853 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Term [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Term [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Term [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 189 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Term [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 77 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Term [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Term [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Lines of Credit [Member] | ||||
Loans | 9,591 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Lines of Credit [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Lines of Credit [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Lines of Credit [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Lines of Credit [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Lines of Credit [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Lines of Credit [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Lines of Credit [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 9,591 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Lines of Credit [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||||
Loans | 8,202 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Term [Member] | ||||
Loans | 9 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Term [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Term [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Term [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Term [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Term [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 9 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Term [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Term [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Term [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Lines of Credit [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Lines of Credit [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Lines of Credit [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Lines of Credit [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Lines of Credit [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Lines of Credit [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Lines of Credit [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Lines of Credit [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial and Industrial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Lines of Credit [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development Excluding Undeveloped Land Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development Excluding Undeveloped Land Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | ||||
Loans | 6,252 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 4,200 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 2,051 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 1 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | ||||
Loans | 8,952 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 6,997 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 1,363 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 105 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 127 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 360 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | ||||
Loans | 10,569 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 9,727 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 614 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 228 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | ||||
Loans | 3,014 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 20 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 500 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 2,151 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 343 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | ||||
Loans | 31 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 31 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Non-owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | ||||
Loans | 134 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 16 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 118 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | ||||
Loans | 225 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 225 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Non-owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | ||||
Loans | 444 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 101 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 38 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 205 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Residential Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 100 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||||
Loans | 832 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Performing Financial Instruments [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Performing Financial Instruments [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Performing Financial Instruments [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Performing Financial Instruments [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Performing Financial Instruments [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 832 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Performing Financial Instruments [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Performing Financial Instruments [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Performing Financial Instruments [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Finance Leases Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Undevelopment Land Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Undevelopment Land Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Real Estate Mortgage Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||||
Loans | 15,464 | |||
Substandard [Member] | Real Estate Mortgage Portfolio Segment [Member] | Performing Financial Instruments [Member] | Commercial Investment [Member] | ||||
Loans | 6,275 | |||
Substandard [Member] | Real Estate Mortgage Portfolio Segment [Member] | Performing Financial Instruments [Member] | Owner Occupied Commercial [Member] | ||||
Loans | 9,050 | |||
Substandard [Member] | Real Estate Mortgage Portfolio Segment [Member] | Performing Financial Instruments [Member] | One to Four Family Residential [Member] | ||||
Loans | 122 | |||
Substandard [Member] | Real Estate Mortgage Portfolio Segment [Member] | Performing Financial Instruments [Member] | Home Equity First Lien [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Real Estate Mortgage Portfolio Segment [Member] | Performing Financial Instruments [Member] | Home Equity Junior Lien [Member] | ||||
Loans | 17 | |||
Substandard [Member] | Real Estate Mortgage Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||||
Loans | 3,942 | |||
Substandard [Member] | Real Estate Mortgage Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Commercial Investment [Member] | ||||
Loans | 1,137 | |||
Substandard [Member] | Real Estate Mortgage Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Owner Occupied Commercial [Member] | ||||
Loans | 2,377 | |||
Substandard [Member] | Real Estate Mortgage Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | One to Four Family Residential [Member] | ||||
Loans | 241 | |||
Substandard [Member] | Real Estate Mortgage Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Home Equity First Lien [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Real Estate Mortgage Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Home Equity Junior Lien [Member] | ||||
Loans | 187 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Credit Card Receivable [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Credit Card Receivable [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Credit Card Receivable [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Credit Card Receivable [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Credit Card Receivable [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Credit Card Receivable [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Credit Card Receivable [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Credit Card Receivable [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Credit Card Receivable [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Credit Card Receivable [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Credit Card Receivable [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Credit Card Receivable [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Credit Card Receivable [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Credit Card Receivable [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Credit Card Receivable [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Credit Card Receivable [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Credit Card Receivable [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Credit Card Receivable [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||||
Loans | 26 | 38 | ||
Substandard [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 26 | |||
Substandard [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||||
Loans | 1 | 0 | ||
Substandard [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 1 | |||
Substandard [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development [Member] | Performing Financial Instruments [Member] | ||||
Loans | 1 | |||
Substandard [Member] | Construction and Development [Member] | Performing Financial Instruments [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development [Member] | Performing Financial Instruments [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development [Member] | Performing Financial Instruments [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development [Member] | Performing Financial Instruments [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development [Member] | Performing Financial Instruments [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 1 | |||
Substandard [Member] | Construction and Development [Member] | Performing Financial Instruments [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development [Member] | Performing Financial Instruments [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development [Member] | Performing Financial Instruments [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development [Member] | Nonperforming Financial Instruments [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development [Member] | Nonperforming Financial Instruments [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development [Member] | Nonperforming Financial Instruments [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development [Member] | Nonperforming Financial Instruments [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Substandard [Member] | Construction and Development [Member] | Nonperforming Financial Instruments [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | ||||
Loans | 0 | 0 | ||
Doubtful [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Home Equity Line of Credit [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Home Equity Line of Credit [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Home Equity Line of Credit [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Home Equity Line of Credit [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Home Equity Line of Credit [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Term [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial and Industrial Portfolio Segment [Member] | Lines of Credit [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Construction and Development Excluding Undeveloped Land Portfolio Segment [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Non-owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Residential Real Estate Portfolio Segment [Member] | Owner Occupied [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Finance Leases Portfolio Segment [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Finance Leases Portfolio Segment [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Finance Leases Portfolio Segment [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Finance Leases Portfolio Segment [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Finance Leases Portfolio Segment [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Finance Leases Portfolio Segment [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Finance Leases Portfolio Segment [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Finance Leases Portfolio Segment [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Finance Leases Portfolio Segment [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Undevelopment Land Portfolio Segment [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Real Estate Mortgage Portfolio Segment [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Investment [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Real Estate Mortgage Portfolio Segment [Member] | Owner Occupied Commercial [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Real Estate Mortgage Portfolio Segment [Member] | One to Four Family Residential [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Real Estate Mortgage Portfolio Segment [Member] | Home Equity First Lien [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Real Estate Mortgage Portfolio Segment [Member] | Home Equity Junior Lien [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Consumer Portfolio Segment [Member] | ||||
Loans | 0 | $ 0 | ||
Doubtful [Member] | Consumer Portfolio Segment [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Consumer Portfolio Segment [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Consumer Portfolio Segment [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Consumer Portfolio Segment [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Consumer Portfolio Segment [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Consumer Portfolio Segment [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Consumer Portfolio Segment [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Consumer Portfolio Segment [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Construction and Development [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Construction and Development [Member] | Loans Originated in 2020 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Construction and Development [Member] | Loans Originated in 2019 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Construction and Development [Member] | Loans Originated in 2018 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Construction and Development [Member] | Loans Originated in 2017 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Construction and Development [Member] | Loans Originated in 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Construction and Development [Member] | Loans Originiated Prior to 2016 [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Construction and Development [Member] | Revolving Loans Amortized Cost Basis [Member] | ||||
Loans | 0 | |||
Doubtful [Member] | Construction and Development [Member] | Revolving Loans Converted to Term [Member] | ||||
Loans | $ 0 | |||
[1] | Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs | |||
[2] | Total loans are presented inclusive of premiums, discounts, and net loan origination fees and costs. |
Note 4 - Loans and Allowance_11
Note 4 - Loans and Allowance for Credit Losses on Loans - Credit Card Loan Payment Activity (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 | ||
Loans | [1] | $ 3,464,077 | $ 2,845,016 | [2] |
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||
Loans | 8,862 | $ 9,863 | ||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Performing Financial Instruments [Member] | ||||
Loans | 8,862 | |||
Commercial Portfolio Segment [Member] | Credit Card Receivable [Member] | Nonperforming Financial Instruments [Member] | ||||
Loans | $ 0 | |||
[1] | Total loans are presented inclusive of premiums, discounts and net loan origination fees and costs | |||
[2] | Total loans are presented inclusive of premiums, discounts, and net loan origination fees and costs. |
Note 4 - Loans and Allowance_12
Note 4 - Loans and Allowance for Credit Losses on Loans - Outstanding TDRs (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Balance | $ 45 | $ 34 |
Specific Reserve Allocation | 45 | 34 |
Additional Commitment to Lend | 0 | 0 |
Commercial and Industrial Portfolio Segment [Member] | Term [Member] | ||
Balance | 19 | 21 |
Specific Reserve Allocation | 19 | 21 |
Additional Commitment to Lend | 0 | 0 |
Residential Real Estate Portfolio Segment [Member] | ||
Balance | 0 | 13 |
Specific Reserve Allocation | 0 | 13 |
Additional Commitment to Lend | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Balance | 26 | 0 |
Specific Reserve Allocation | 26 | 0 |
Additional Commitment to Lend | $ 0 | $ 0 |
Note 4 - Loans and Allowance_13
Note 4 - Loans and Allowance for Credit Losses on Loans - Accretable Amount on PCI Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2019 | Jun. 30, 2019 | |
Balance, beginning of period | $ (62) | $ (68) |
Transfers between non-accretable and accretable | 0 | 0 |
Net accretion into interest income on loans, including loan fees | 5 | 11 |
Balance, end of period | $ (57) | $ (57) |
Note 5 - Goodwill and Intangi_3
Note 5 - Goodwill and Intangible Assets (Details Textual) - USD ($) | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Jun. 30, 2019 | May 01, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2013 | Dec. 31, 1996 |
Goodwill, Ending Balance | $ 12,513,000 | $ 12,513,000 | $ 12,513,000 | $ 12,826,000 | $ 682,000 | $ 682,000 | |||
Finite-lived Intangible Assets, Fair Value Disclosure | 3,000,000 | 3,000,000 | |||||||
Finite-lived Intangible Assets, Valuation Allowance | 0 | 0 | |||||||
Loans Serviced for Others Outstanding Principal Balance | 349,000,000 | $ 327,000,000 | |||||||
King Bancorp Inc. [Member] | |||||||||
Goodwill, Ending Balance | $ 12,000,000 | $ 11,831,000 | |||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | 1,519,000 | ||||||||
King Bancorp Inc. [Member] | Core Deposits [Member] | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 1,500,000 | ||||||||
Indiana Bank [Member] | Commercial Banking [Member] | |||||||||
Goodwill, Ending Balance | $ 682,000 | ||||||||
THE BANCorp [Member] | Core Deposits [Member] | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles | $ 2,500,000 |
Note 5 - Goodwill and Intangi_4
Note 5 - Goodwill and Intangible Assets - Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 |
Goodwill | $ 12,513 | $ 12,513 | $ 12,513 | $ 12,826 | $ 682 | $ 682 |
Core deposit intangibles | 2,122 | 2,285 | ||||
Mortgage servicing rights | $ 1,888 | $ 1,446 | $ 1,372 | $ 1,168 | $ 1,070 | $ 1,022 |
Note 5 - Goodwill and Intangi_5
Note 5 - Goodwill and Intangible Assets - Carrying Value of Goodwill (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Balance at beginning of period | $ 12,513 | $ 682 | $ 12,513 | $ 682 |
Goodwill acquired | 0 | 12,144 | 0 | 12,144 |
Recast adjustments | 0 | 0 | 0 | 0 |
Impairment | 0 | 0 | 0 | 0 |
Balance at end of period | $ 12,513 | $ 12,826 | $ 12,513 | $ 12,826 |
Note 5 - Goodwill and Intangi_6
Note 5 - Goodwill and Intangible Assets - Changes in the Net Carrying Amount of Core Deposit Intangibles (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Balance at beginning of period | $ 2,285 | |||
Balance at end of period | $ 2,122 | 2,122 | ||
Core Deposits [Member] | ||||
Balance at beginning of period | 2,203 | $ 1,015 | 2,285 | $ 1,056 |
Core deposit intangible acquired | 0 | 1,519 | 0 | 1,519 |
Amortization | (81) | (73) | (163) | (114) |
Balance at end of period | $ 2,122 | $ 2,461 | $ 2,122 | $ 2,461 |
Note 5 - Goodwill and Intangi_7
Note 5 - Goodwill and Intangible Assets - Mortgage Servicing Rights (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Balance at beginning of period | $ 1,446 | $ 1,070 | $ 1,372 | $ 1,022 |
Additions for mortgage loans sold | 511 | 134 | 641 | 214 |
Amortization | (69) | (36) | (125) | (68) |
Impairment | 0 | 0 | 0 | 0 |
Balance at end of period | $ 1,888 | $ 1,168 | $ 1,888 | $ 1,168 |
Note 6 - Income Taxes (Details
Note 6 - Income Taxes (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||
Apr. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2019 | Dec. 31, 2019 | Jan. 01, 2021 | |
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability | $ 2,400,000 | $ 1,300,000 | |||
Income Tax Expense (Benefit), Continuing Operations, Adjustment to Per Diluted Share (in dollars per share) | $ 0.11 | $ 0.06 | |||
Forecast [Member] | |||||
Unrecognized Deferred Tax Asset that Would Impact Income Tax Expense (Benefit) | $ 200,000 | ||||
State and Local Jurisdiction [Member] | Kentucky Department of Revenue [Member] | |||||
Franchise Tax as Percent of Net Capital | 1.10% | ||||
Average Franchise Tax Over Two Year-end Periods | $ 2,500,000 | ||||
State Corporate Income Tax as Percent of Earnings Before Income Tax Expense | 50.00% | 5.00% |
Note 6 - Income Taxes - Compone
Note 6 - Income Taxes - Components of Income Tax Expense (Benefit) from Operations (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Current income tax expense: | ||||
Federal | $ 4,363 | $ 3,772 | $ 6,205 | $ 6,498 |
State | 209 | 189 | 340 | 330 |
Total current income tax expense | 4,572 | 3,961 | 6,545 | 6,828 |
Deferred income tax expense (benefit): | ||||
Federal | (1,798) | 224 | (1,146) | 789 |
State | (427) | (3,155) | (803) | (4,768) |
Total deferred income tax expense (benefit) | (2,225) | (2,931) | (1,949) | (3,979) |
Change in valuation allowance | 1 | 0 | 2 | 20 |
Total income tax expense | $ 2,348 | $ 1,030 | $ 4,598 | $ 2,869 |
Note 6 - Income Taxes - Differe
Note 6 - Income Taxes - Difference Between Statutory and Effective Tax Rates (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
U.S. federal statutory income tax rate | 21.00% | 21.00% | 21.00% | 21.00% |
Tax credits | (5.90%) | (0.70%) | (5.90%) | (0.70%) |
Kentucky state income tax enactments | (1.70%) | (14.10%) | (1.90%) | (10.70%) |
Change in cash surrender value of life insurance | (2.00%) | (0.60%) | (0.40%) | (0.90%) |
State income taxes, net of federal benefit | 0.60% | 0.80% | 0.80% | 0.80% |
Excess tax benefit from stock-based compensation arrangements | (0.40%) | (0.40%) | 0.00% | (1.10%) |
Tax exempt interest income | (0.20%) | (0.30%) | (0.30%) | (0.30%) |
Other, net | 3.50% | 0.20% | 1.40% | 0.10% |
Effective tax rate | 14.90% | 5.90% | 14.70% | 8.20% |
Note 7 - Deposits (Details Text
Note 7 - Deposits (Details Textual) - USD ($) $ in Millions | May 01, 2019 | Jun. 30, 2020 | Dec. 31, 2019 |
Interest-bearing Domestic Deposit, Brokered | $ 30 | $ 30 | |
King Bancorp Inc. [Member] | |||
Finite-lived Intangible Assets Acquired | $ 126 |
Note 7 - Deposits - Composition
Note 7 - Deposits - Composition of Deposits (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 | |
Non-interest bearing demand deposits | $ 1,205,253 | $ 810,475 | |
Interest bearing demand | 1,147,357 | 979,595 | |
Savings | 196,655 | 169,622 | |
Money market | 761,256 | 742,029 | |
Time deposits of $250 thousand or more | 76,954 | 81,412 | |
Other time deposits(1) | [1] | 339,681 | 350,805 |
Total time deposits | 416,635 | 432,217 | |
Total interest bearing deposits | 2,521,903 | 2,323,463 | |
Total deposits | $ 3,727,156 | $ 3,133,938 | |
[1] | Includes $30 million in brokered deposits as of both June 30, 2020 and December 31, 2019. |
Note 8 - Securities Sold Unde_3
Note 8 - Securities Sold Under Agreements to Repurchase - Securities Sold Under Agreements to Repurchase (Details) - Securities Sold under Agreements to Repurchase [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | |
Outstanding balance at end of period | $ 42,722 | $ 42,722 | $ 31,895 | ||
Weighted average interest rate at end of period | 0.08% | 0.08% | 0.22% | ||
Average outstanding balance during the period | $ 41,517 | $ 39,969 | $ 37,465 | $ 38,755 | |
Average interest rate during the period | 0.08% | 0.28% | 0.13% | 0.28% | |
Maximum outstanding at any month end during the period | $ 42,722 | $ 43,160 | $ 42,722 | $ 43,160 |
Note 9 - FHLB Advances (Details
Note 9 - FHLB Advances (Details Textual) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2020USD ($) | Dec. 31, 2019USD ($) | May 01, 2019USD ($) | |
Federal Home Loan Bank, Number of Separate Advances | 49 | 57 | |
Advances from Federal Home Loan Banks, Total | $ 61,432 | $ 79,953 | |
Federal Home Loan Bank, Number of Separate Advances Principal Due at Maturity | 10 | ||
Advances From Federal Home Loan Banks, Principal Due at Maturity | $ 38,000 | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | 806,000 | 599,000 | |
Correspondent Banks [Member] | |||
Federal Funds Corresponding Banks Maximum Amount Available | $ 80,000 | $ 105,000 | |
King Bancorp Inc. [Member] | |||
Federal Home Loan Bank, Number of Separate Advances | 46 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Federal Home Loan Bank Advances | $ 43,000 | $ 43,299 |
Note 9 - FHLB Advances - Contra
Note 9 - FHLB Advances - Contractual Maturities and Average Effective Rates of Outstanding Advances (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Advances from Federal Home Loan Banks, Total | $ 61,432 | $ 79,953 |
Federal Home Loan Bank Advances Outstanding [Member] | ||
Advance, 2020 | $ 37,533 | |
Fixed rate, 2020 | 0.67% | |
Advance, 2020 | $ 2,281 | $ 50,004 |
Fixed rate, 2020 | 1.99% | |
Fixed rate, 2021 | 2.57% | 2.52% |
Advance, 2021 | $ 0 | $ 2,400 |
Fixed rate, 2022 | 0.00% | 0.00% |
Advance, 2022 | $ 360 | $ 0 |
Fixed rate, 2023 | 1.01% | 1.00% |
Advance, 2023 | $ 1,479 | $ 456 |
Fixed rate, 2024 | 2.36% | 2.36% |
Advance, 2024 | $ 3,055 | $ 2,023 |
Fixed rate, 2025 | 2.43% | 2.41% |
Advance, 2025 | $ 5,625 | $ 3,774 |
Fixed rate, 2026 | 1.95% | 1.96% |
Advance, 2026 | $ 6,323 | $ 8,156 |
Fixed rate, 2027 | 1.75% | 1.73% |
Advance, 2027 | $ 4,776 | $ 7,445 |
Fixed rate, 2028 | 2.33% | 2.32% |
Advance, 2028 | $ 5,695 | |
Advances from Federal Home Loan Banks, Total | $ 61,432 | $ 79,953 |
Fixed rate | 1.22% | 2.02% |
Note 10 - Commitments and Con_3
Note 10 - Commitments and Contingent Liabilities (Details Textual) - USD ($) | 6 Months Ended | |||
Jun. 30, 2020 | Jan. 01, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | |
Off-Balance Sheet, Credit Loss, Liability, Ending Balance | $ 6,000,000 | $ 3,850,000 | $ 350,000 | $ 3,900,000 |
Performance Guarantee [Member] | ||||
Deferred Tax Assets, Reserves and Accruals Provision for Off-balance Sheet Exposures | $ 2,600,000 | |||
Guarantee Obligation, Estimated Payment Under Default on Contract | $ 2,200,000 | |||
Standby Letters of Credit [Member] | Minimum [Member] | ||||
Guarantee Obligations, Agreement Term (Year) | 1 year | |||
Standby Letters of Credit [Member] | Maximum [Member] | ||||
Guarantee Obligations, Agreement Term (Year) | 2 years | |||
Other Liabilities [Member] | ||||
Off-Balance Sheet, Credit Loss, Liability, Ending Balance | $ 6,000,000 | $ 350,000 |
Note 10 - Commitments and Con_4
Note 10 - Commitments and Contingent Liabilities - Off Balance Sheet Commitments to Extend Credit (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Off balance sheet commitments to extend credit | $ 1,238,636 | $ 1,172,933 |
Commercial and Industrial Loans [Member] | ||
Off balance sheet commitments to extend credit | 501,632 | 416,195 |
Construction and Development [Member] | ||
Off balance sheet commitments to extend credit | 229,676 | 240,503 |
Home Equity Loans [Member] | ||
Off balance sheet commitments to extend credit | 167,409 | 155,920 |
Credit Cards [Member] | ||
Off balance sheet commitments to extend credit | 30,789 | 26,439 |
Overdrafts [Member] | ||
Off balance sheet commitments to extend credit | 34,149 | 32,715 |
Letters of Credit [Member] | ||
Off balance sheet commitments to extend credit | 22,352 | 24,193 |
Other Off Balance Sheet Commitments [Member] | ||
Off balance sheet commitments to extend credit | 44,782 | 40,083 |
Future Loan Commitments [Member] | ||
Off balance sheet commitments to extend credit | $ 207,847 | $ 236,885 |
Note 11 - Assets and Liabilit_3
Note 11 - Assets and Liabilities Measured and Reported at Fair Value (Details Textual) $ in Thousands | Jun. 30, 2020USD ($) | Dec. 31, 2019USD ($) |
Selling and Closing Costs [Member] | Minimum [Member] | ||
Impaired Loans, Measurement Input | 0.08 | |
Other Real Estate Owned, Measurement Input | 0.08 | |
Selling and Closing Costs [Member] | Maximum [Member] | ||
Impaired Loans, Measurement Input | 0.10 | |
Other Real Estate Owned, Measurement Input | 0.10 | |
Fair Value, Nonrecurring [Member] | ||
Financial and Nonfinancial Liabilities, Fair Value Disclosure | $ 0 | $ 0 |
Note 11 - Assets and Liabilit_4
Note 11 - Assets and Liabilities Measured and Reported at Fair Value - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Securities available-for-sale | $ 485,249 | $ 470,738 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 485,249 | 470,738 |
Fair Value, Recurring [Member] | ||
Securities available-for-sale | 0 | 49,897 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 0 | 49,897 |
Interest rate swaps | 0 | 0 |
Total assets | 0 | 49,897 |
Interest rate swaps | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | 485,249 | 420,841 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 485,249 | 420,841 |
Interest rate swaps | 9,895 | 2,696 |
Total assets | 495,144 | 423,537 |
Interest rate swaps | 10,283 | 2,767 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | 0 | 0 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 0 | 0 |
Interest rate swaps | 0 | 0 |
Total assets | 0 | 0 |
Interest rate swaps | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | 485,249 | 470,738 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 485,249 | 470,738 |
Interest rate swaps | 9,895 | 2,696 |
Total assets | 495,144 | 473,434 |
Interest rate swaps | 10,283 | 2,767 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities available-for-sale | 204,411 | 209,944 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 204,411 | 209,944 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Securities available-for-sale | 0 | 0 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 0 | 0 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | 204,411 | 209,944 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 204,411 | 209,944 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | 0 | 0 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 0 | 0 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | 204,411 | 209,944 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 204,411 | 209,944 |
US Treasury and Government [Member] | Fair Value, Recurring [Member] | ||
Securities available-for-sale | 49,897 | |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 49,897 | |
US Treasury and Government [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | 0 | |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 0 | |
US Treasury and Government [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | 0 | |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 0 | |
US Treasury and Government [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | 49,897 | |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 49,897 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available-for-sale | 270,254 | 193,861 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 270,254 | 193,861 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member] | ||
Securities available-for-sale | 0 | 0 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 0 | 0 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | 270,254 | 193,861 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 270,254 | 193,861 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | 0 | 0 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 0 | 0 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | 270,254 | 193,861 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 270,254 | 193,861 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available-for-sale | 10,584 | 17,036 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 10,584 | 17,036 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Securities available-for-sale | 0 | 0 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | 10,584 | 17,036 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 10,584 | 17,036 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | 0 | 0 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | 10,584 | 17,036 |
Available for sale debt securities (amortized cost of $472,797 in 2020 and $469,313 in 2019, respectively | $ 10,584 | $ 17,036 |
Note 11 - Assets and Liabilit_5
Note 11 - Assets and Liabilities Measured and Reported at Fair Value - Assets Measured at Fair Value on a Non-recurring Basis (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | |
Other real estate owned | $ 0 | $ 63 | |||
Fair Value, Nonrecurring [Member] | |||||
Collateral dependent loans | $ 0 | 0 | |||
Collateral dependent loans | 0 | 0 | |||
Other real estate owned | 0 | 0 | $ 0 | ||
Other real estate owned | 0 | $ 0 | 0 | 0 | |
Impaired loans | 0 | ||||
Impaired loans | $ 0 | $ 0 | |||
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||||
Collateral dependent loans | 0 | 0 | |||
Other real estate owned | 0 | 0 | 0 | ||
Impaired loans | 0 | ||||
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||||
Collateral dependent loans | 8,434 | 8,434 | |||
Other real estate owned | 493 | 493 | 493 | ||
Impaired loans | 7,253 | ||||
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||||
Collateral dependent loans | 8,434 | 8,434 | |||
Other real estate owned | $ 493 | $ 493 | 493 | ||
Impaired loans | $ 7,253 |
Note 11 - Assets and Liabilit_6
Note 11 - Assets and Liabilities Measured and Reported at Fair Value - Significant Unobservable Inputs (Details) - Fair Value, Inputs, Level 3 [Member] - Appraisal Discount Method [Member] - Impaired Loans [Member] $ in Thousands | Jun. 30, 2020USD ($) | Dec. 31, 2019USD ($) |
Impaired loans - collateral dependent, fair value | $ 8,434 | $ 7,253 |
Other real estate owned | 493 | 493 |
Impaired loans - collateral dependent, fair value | $ 8,434 | $ 7,253 |
Weighted Average [Member] | ||
Impaired loans - collateral dependent, weighted average of input | 0.072 | 0.603 |
Other Real Estate Owned, Measurement Input | 0.171 | 0.171 |
Impaired Loans, Measurement Input | 0.072 | 0.603 |
Note 11 - Assets and Liabilit_7
Note 11 - Assets and Liabilities Measured and Reported at Fair Value - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Cash and cash equivalents | $ 224,394 | $ 249,724 |
Accrued interest receivable | 13,535 | 8,534 |
Non-interest bearing | 1,205,253 | 810,475 |
Time deposits | 416,635 | 432,217 |
Accrued interest payable | 471 | 640 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 224,394 | 249,724 |
Mortgage loans held for sale | 17,364 | 8,748 |
Federal Home Loan Bank stock | 11,284 | 11,284 |
Loans, net | 3,416,369 | 2,818,225 |
Accrued interest receivable | 13,535 | 8,534 |
Non-interest bearing | 1,205,253 | 810,475 |
Transaction deposits | 2,105,268 | 1,891,246 |
Time deposits | 416,635 | 432,217 |
Securities sold under agreement to repurchase | 42,722 | 31,895 |
Federal funds purchased | 8,401 | 10,887 |
Federal Home Loan Bank advances | 61,432 | 79,953 |
Accrued interest payable | 471 | 640 |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 224,394 | 249,724 |
Mortgage loans held for sale | 18,008 | 8,923 |
Federal Home Loan Bank stock | 11,284 | 11,284 |
Loans, net | 3,454,659 | 2,841,767 |
Accrued interest receivable | 13,535 | 8,534 |
Non-interest bearing | 1,205,253 | 810,475 |
Transaction deposits | 2,105,268 | 1,891,246 |
Time deposits | 422,131 | 434,927 |
Securities sold under agreement to repurchase | 42,722 | 31,895 |
Federal funds purchased | 8,401 | 10,887 |
Federal Home Loan Bank advances | 63,436 | 80,906 |
Accrued interest payable | 471 | 640 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 224,394 | 249,724 |
Mortgage loans held for sale | 0 | 0 |
Federal Home Loan Bank stock | 0 | 0 |
Loans, net | 0 | 0 |
Accrued interest receivable | 13,535 | 8,534 |
Non-interest bearing | 0 | 0 |
Transaction deposits | 0 | 0 |
Time deposits | 0 | 0 |
Securities sold under agreement to repurchase | 0 | 0 |
Federal funds purchased | 0 | 0 |
Federal Home Loan Bank advances | 0 | 0 |
Accrued interest payable | 471 | 640 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | 0 | 0 |
Mortgage loans held for sale | 18,008 | 8,923 |
Federal Home Loan Bank stock | 11,284 | 11,284 |
Loans, net | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Non-interest bearing | 1,205,253 | 810,475 |
Transaction deposits | 2,105,268 | 1,891,246 |
Time deposits | 422,131 | 434,927 |
Securities sold under agreement to repurchase | 42,722 | 31,895 |
Federal funds purchased | 8,401 | 10,887 |
Federal Home Loan Bank advances | 63,436 | 80,906 |
Accrued interest payable | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents | 0 | 0 |
Mortgage loans held for sale | 0 | 0 |
Federal Home Loan Bank stock | 0 | 0 |
Loans, net | 3,454,659 | 2,841,767 |
Accrued interest receivable | 0 | 0 |
Non-interest bearing | 0 | 0 |
Transaction deposits | 0 | 0 |
Time deposits | 0 | 0 |
Securities sold under agreement to repurchase | 0 | 0 |
Federal funds purchased | 0 | 0 |
Federal Home Loan Bank advances | 0 | 0 |
Accrued interest payable | $ 0 | $ 0 |
Note 12 - Other Comprehensive_3
Note 12 - Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |||
Balance | $ 409,702 | $ 406,297 | $ 377,994 | $ 366,500 | $ 406,297 | $ 366,500 | ||
Balance | 420,231 | 409,702 | 389,365 | 377,994 | 420,231 | 389,365 | ||
Net current period other comprehensive income (loss) | 2,364 | 5,775 | 3,579 | 2,629 | 8,139 | 6,208 | ||
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | ||||||||
Balance | 7,123 | 1,085 | (2,536) | (5,330) | 1,085 | (5,330) | ||
Net current period other comprehensive income gain (loss) | 2,343 | 8,381 | ||||||
Balance | 9,466 | [1] | 7,123 | 1,291 | (2,536) | 9,466 | [1] | 1,291 |
Net current period other comprehensive income (loss) | 3,827 | 6,621 | ||||||
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | ||||||||
Balance | (302) | (39) | 234 | 408 | (39) | 408 | ||
Net current period other comprehensive income gain (loss) | 21 | (242) | ||||||
Balance | (281) | [1] | (302) | (14) | 234 | (281) | [1] | (14) |
Net current period other comprehensive income (loss) | (248) | (422) | ||||||
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | ||||||||
Balance | (369) | (369) | (211) | (220) | (369) | (220) | ||
Net current period other comprehensive income gain (loss) | 0 | 0 | ||||||
Balance | (369) | [1] | (369) | (211) | (211) | (369) | [1] | (211) |
Net current period other comprehensive income (loss) | 0 | 9 | ||||||
AOCI Attributable to Parent [Member] | ||||||||
Balance | 6,452 | 677 | (2,513) | (5,142) | 677 | (5,142) | ||
Net current period other comprehensive income gain (loss) | 2,364 | 8,139 | ||||||
Balance | 8,816 | [1] | 6,452 | 1,066 | (2,513) | $ 8,816 | [1] | 1,066 |
Net current period other comprehensive income (loss) | $ 2,364 | $ 5,775 | $ 3,579 | $ 2,629 | $ 6,208 | |||
[1] | December 31, 2017 AOCI component balances reflect a correction of incorrectly reported year-end balances in the Footnote titled "Other Comprehensive Income (Loss)" of the 2017 Form 10-K, which were presented as $(2,278), $234, and $(392) for securities AFS, cash flow hedges, and minimum pension liability, respectively. |
Note 13 - Preferred Stock (Deta
Note 13 - Preferred Stock (Details Textual) - $ / shares $ / shares in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Preferred Stock, No Par Value (in dollars per share) | $ 0 | $ 0 |
Preferred Stock, Shares Authorized (in shares) | 1,000,000 | 1,000,000 |
Preferred Stock, Shares Issued, Total (in shares) | 0 | 0 |
Note 14 - Net Income Per Shar_2
Note 14 - Net Income Per Share - Basic and Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Net income | $ 13,368 | $ 13,232 | $ 16,543 | $ 15,641 | $ 26,600 | $ 32,184 |
Weighted average shares outstanding - basic (in shares) | 22,560 | 22,689 | 22,538 | 22,675 | ||
Dilutive securities (in shares) | 179 | 260 | 199 | 273 | ||
Weighted average shares outstanding- diluted (in shares) | 22,739 | 22,949 | 22,737 | 22,948 | ||
Net income per share, basic (in dollars per share) | $ 0.59 | $ 0.73 | $ 1.18 | $ 1.42 | ||
Net income per share, diluted (in dollars per share) | $ 0.59 | $ 0.72 | $ 1.17 | $ 1.40 |
Note 14 - Net Income Per Shar_3
Note 14 - Net Income Per Share - Antidilutive SARs (Details) - shares shares in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Stock Appreciation Rights (SARs) [Member] | ||||
Antidilutive SARs (in shares) | 248 | 200 | 248 | 200 |
Note 15 - Stock-based Compens_3
Note 15 - Stock-based Compensation (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Mar. 31, 2020 | Mar. 31, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized (in shares) | 500,000 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 397,000 | |||||
Proceeds (Used for) and Received from Settlement of Stock Awards | $ 224,000 | $ 272,000 | ||||
Stock Appreciation Rights (SARs) [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 48,000 | 53,000 | ||||
Stock Appreciation Rights (SARs) [Member] | Share-based Payment Arrangement, Tranche One [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | |||||
Restricted Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 5 years | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 36,000 | 40,000 | ||||
Performance Shares [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | |||||
Sharebased Compensation Arrangement by Share-based Payment Award Post Vesting Holding Period (Year) | 1 year | |||||
Share-based Compensation Arrangement by Share-based Payment Award Liquidity Discount | 4.40% | 4.10% | ||||
Restricted Stock Units (RSUs) [Member] | Director [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 12 months | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 6,570 | 9,834 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Fair Value Granted | $ 270,000 | $ 247,000 |
Note 15 - Stock-based Compens_4
Note 15 - Stock-based Compensation - Fair Value Assumptions (Details) - Stock Appreciation Rights (SARs) [Member] | 6 Months Ended | 12 Months Ended |
Jun. 30, 2020 | Dec. 31, 2019 | |
Dividend yield | 2.51% | 2.52% |
Expected volatility | 20.87% | 20.40% |
Risk free interest rate | 1.25% | 2.55% |
Expected life (in years) (Year) | 7 years 1 month 6 days | 7 years 2 months 12 days |
Note 15 - Stock-based Compens_5
Note 15 - Stock-based Compensation - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Expense | $ 976 | $ 993 | $ 1,793 | $ 1,856 |
Deferred tax benefit | (205) | (209) | (377) | (390) |
Total net expense | 771 | 784 | 1,416 | 1,466 |
Stock Appreciation Rights (SARs) [Member] | ||||
Expense | 87 | 86 | 177 | 170 |
Deferred tax benefit | (18) | (18) | (37) | (36) |
Total net expense | 69 | 68 | 140 | 134 |
Restricted Stock [Member] | ||||
Expense | 317 | 306 | 643 | 599 |
Deferred tax benefit | (67) | (65) | (135) | (126) |
Total net expense | 250 | 241 | 508 | 473 |
Restricted Stock Units (RSUs) [Member] | ||||
Expense | 67 | 83 | 135 | 164 |
Deferred tax benefit | (14) | (17) | (28) | (34) |
Total net expense | 53 | 66 | 107 | 130 |
Performance Shares [Member] | ||||
Expense | 505 | 518 | 838 | 923 |
Deferred tax benefit | (106) | (109) | (177) | (194) |
Total net expense | $ 399 | $ 409 | $ 661 | $ 729 |
Note 15 - Stock-based Compens_6
Note 15 - Stock-based Compensation - Unrecognized Stock-based Compensation Expense (Details) $ in Thousands | Jun. 30, 2020USD ($) |
Remainder of 2020 | $ 2,129 |
2021 | 2,347 |
2022 | 1,562 |
2023 | 754 |
2024 | 373 |
2025 | 38 |
Total estimated expense | 7,203 |
Stock Appreciation Rights (SARs) [Member] | |
Remainder of 2020 | 176 |
2021 | 304 |
2022 | 249 |
2023 | 174 |
2024 | 68 |
2025 | 9 |
Total estimated expense | 980 |
Restricted Stock [Member] | |
Remainder of 2020 | 636 |
2021 | 1,090 |
2022 | 823 |
2023 | 580 |
2024 | 305 |
2025 | 29 |
Total estimated expense | 3,463 |
Restricted Stock Units (RSUs) [Member] | |
Remainder of 2020 | 135 |
2021 | 1 |
2022 | 0 |
2023 | 0 |
2024 | 0 |
2025 | 0 |
Total estimated expense | 136 |
Performance Shares [Member] | |
Remainder of 2020 | 1,182 |
2021 | 952 |
2022 | 490 |
2023 | 0 |
2024 | 0 |
2025 | 0 |
Total estimated expense | $ 2,624 |
Note 15 - Stock-based Compens_7
Note 15 - Stock-based Compensation - SARs Activity (Details) - Stock Appreciation Rights (SARs) [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Unvested (in shares) | 641 | 731 | ||
Outstanding, aggregate intrinsic value | [1] | $ 10,250 | $ 8,422 | |
Unvested, grant date weighted average cost (in dollars per share) | $ 4.10 | $ 3.83 | ||
Outstanding, weighted average remaining contractual life (Year) | 5 years 2 months 12 days | 5 years 3 months 18 days | 5 years 2 months 12 days | |
Awarded (in shares) | 48 | 53 | ||
Granted, aggregate intrinsic value | [1] | $ 140 | $ 213 | |
Shares awarded, grant date weighted average cost (in dollars per share) | $ 5.80 | $ 6.24 | ||
Exercised (in shares) | (12) | (143) | ||
Exercised, aggregate intrinsic value | [1] | $ 279 | $ 3,025 | |
Exercised weighted average fair value (in dollars per share) | $ 3.09 | $ 3.47 | ||
Forfeited, exercise price (in dollars per share) | $ 0 | $ 0 | ||
Forfeited (in shares) | 0 | |||
Vested and exercisable (in shares) | 485 | |||
Vested and exercisable, aggregate intrinsic value | [1] | $ 8,887 | ||
Vested and exercisable, weighted average fair value (in dollars per share) | $ 3.62 | |||
Vested and exercisable, weighted average remaining contractual life (Year) | 3 years 10 months 24 days | |||
Unvested (in shares) | 192 | |||
Unvested, aggregate intrinsic value | [1] | $ 663 | ||
Unvested, weighted average fair value (in dollars per share) | $ 5.81 | |||
Unvested, weighted average remaining contractual life (Year) | 8 years 3 months 18 days | |||
Unvested (in shares) | 677 | 641 | 731 | |
Outstanding, aggregate intrinsic value | [1] | $ 9,550 | $ 10,250 | $ 8,422 |
Unvested, grant date weighted average cost (in dollars per share) | $ 4.24 | $ 4.10 | $ 3.83 | |
Vested (in shares) | 57 | |||
Vested, aggregate intrinsic value | [1] | $ 537 | ||
Vested, weighted average fair value (in dollars per share) | $ 5.02 | |||
Minimum [Member] | ||||
Outstanding, exercise price (in dollars per share) | 14.02 | 14.02 | ||
Granted, exercise price (in dollars per share) | 37.30 | 36.65 | ||
Exercised, exercise price (in dollars per share) | 14.02 | 14.02 | ||
Vested and exercisable, exercise price (in dollars per share) | 15.24 | |||
Unvested, exercise price (in dollars per share) | 24.56 | |||
Outstanding, exercise price (in dollars per share) | 15.24 | 14.02 | 14.02 | |
Vested, exercise price (in dollars per share) | 22.96 | |||
Maximum [Member] | ||||
Outstanding, exercise price (in dollars per share) | 40 | 40 | ||
Granted, exercise price (in dollars per share) | 37.30 | 38.18 | ||
Exercised, exercise price (in dollars per share) | 15.84 | 22.96 | ||
Vested and exercisable, exercise price (in dollars per share) | 40 | |||
Unvested, exercise price (in dollars per share) | 40 | |||
Outstanding, exercise price (in dollars per share) | 40 | 40 | 40 | |
Vested, exercise price (in dollars per share) | 40 | |||
Weighted Average [Member] | ||||
Outstanding, exercise price (in dollars per share) | 25.06 | 22.42 | ||
Granted, exercise price (in dollars per share) | 37.30 | 37.01 | ||
Exercised, exercise price (in dollars per share) | 15.19 | 15.99 | ||
Forfeited, exercise price (in dollars per share) | 0 | 0 | ||
Vested and exercisable, exercise price (in dollars per share) | 21.87 | |||
Unvested, exercise price (in dollars per share) | 36.76 | |||
Outstanding, exercise price (in dollars per share) | 26.10 | $ 25.06 | $ 22.42 | |
Vested, exercise price (in dollars per share) | $ 30.80 | |||
[1] | Intrinsic value for SARs is defined as the amount by which the current market price of the underlying stock exceeds the exercise or grant price. |
Note 15 - Stock-based Compens_8
Note 15 - Stock-based Compensation - Restricted Stock (Details) - Restricted Stock [Member] - $ / shares shares in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2020 | Dec. 31, 2019 | |
Unvested (in shares) | 108 | 110 |
Unvested, grant date weighted average cost (in dollars per share) | $ 34.31 | $ 32.09 |
Awarded (in shares) | 36 | 40 |
Shares awarded, grant date weighted average cost (in dollars per share) | $ 39.30 | $ 34.88 |
Restrictions lapsed and shares released (in shares) | (38) | (40) |
Restrictions lapsed and shares released, grant date weighted average cost (in dollars per share) | $ 32.13 | $ 28.74 |
Forfeited (in shares) | (1) | (2) |
Shares forfeited, grant date weighted average cost (in dollars per share) | $ 36.70 | $ 35.36 |
Unvested (in shares) | 105 | 108 |
Unvested, grant date weighted average cost (in dollars per share) | $ 36.81 | $ 34.31 |
Note 15 - Stock-based Compens_9
Note 15 - Stock-based Compensation - Performance-based Restricted Stock Units (Details) - $ / shares | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Expected shares to be awarded (in shares) | 397,000 | ||
Performance Shares [Member] | |||
Vesting period (Year) | 3 years | ||
Performance Shares [Member] | Executive Officer [Member] | |||
Vesting period (Year) | 3 years | 3 years | 3 years |
Fair value (in dollars per share) | $ 32.27 | $ 32.03 | $ 31.54 |
Expected shares to be awarded (in shares) | 45,577 | 43,603 | 71,932 |
Note 16 - Derivative Financia_3
Note 16 - Derivative Financial Instruments (Details Textual) - Cash Flow Hedging [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Millions | Dec. 06, 2016 | Dec. 09, 2015 |
Interest Rate Swap, Maturing December 6, 2020 [Member] | ||
Derivative Liability, Notional Amount | $ 20 | |
Interest Rate Swap, Maturing December 6, 2021 [Member] | ||
Derivative Liability, Notional Amount | $ 10 |
Note 16 - Derivative Financia_4
Note 16 - Derivative Financial Instruments - Outstanding Undesignated Interest Rate Swap Contracts (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2020 | Dec. 31, 2019 | |
Receiving [Member] | ||
Notional amount | $ 103,526 | $ 99,000 |
Weighted average maturity (Year) | 7 years 10 months 24 days | 8 years 2 months 12 days |
Fair value | $ 9,895 | $ 2,696 |
Paying [Member] | ||
Notional amount | $ 103,526 | $ 99,000 |
Weighted average maturity (Year) | 7 years 10 months 24 days | 8 years 2 months 12 days |
Fair value | $ 9,914 | $ 2,767 |
Note 16 - Derivative Financia_5
Note 16 - Derivative Financial Instruments - Derivative Position Designated As a Cash Flow Hedge (Details) - Designated as Hedging Instrument [Member] - Cash Flow Hedging [Member] - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2020 | Dec. 31, 2019 | |
Notional amount | $ 30,000 | |
Pay fixed swap rate | 1.82% | |
Fair value | $ (369) | $ (51) |
Interest Rate Swap, Maturing December 6, 2021 [Member] | ||
Notional amount | $ 10,000 | |
Receive (variable index) | US 3 Month LIBOR | |
Pay fixed swap rate | 1.89% | |
Fair value | $ (239) | (45) |
Interest Rate Swap, Maturing December 6, 2020 [Member] | ||
Notional amount | $ 20,000 | |
Receive (variable index) | US 3 Month LIBOR | |
Pay fixed swap rate | 1.79% | |
Fair value | $ (130) | $ (6) |
Note 17 - Regulatory Matters (D
Note 17 - Regulatory Matters (Details Textual) | Jun. 30, 2020 | Dec. 31, 2019 | |
Capital Conservation Buffer | 2.50% | 2.50% | |
Subsidiaries [Member] | |||
Common Equity Tier One Risk Based Capital, Required to Be Well Capitalized to Risk Weighted Assets | 6.50% | 6.50% | |
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | [1] | 0.080 | 0.0800 |
Capital Required to be Well Capitalized to Risk Weighted Assets | [1] | 0.100 | 0.1000 |
Tier One Leverage Capital Required to be Well Capitalized to Average Assets | [2] | 0.050 | 0.0500 |
[1] | Ratio is computed in relation to risk-weighted assets. | ||
[2] | Ratio is computed in relation to average assets. |
Note 17 - Regulatory Matters -
Note 17 - Regulatory Matters - Risk Based Capital Amounts and Ratios (Details) $ in Thousands | Jun. 30, 2020USD ($) | Dec. 31, 2019USD ($) | |
Total risk-based capital, actual amount | [1] | $ 446,117 | $ 418,460 |
Total risk-based capital, actual ratio | [1] | 0.1350 | 0.1285 |
Total risk-based capital, minimum for adequately capitalized amount | [1] | $ 264,297 | $ 260,448 |
Total risk-based capital, minimum for adequately capitalized ratio | [1] | 0.0800 | 0.0800 |
Common Equity Tier 1 risk-based capital, actual amount | $ 409,251 | $ 391,319 | |
Common Equity Tier 1 risk-based capital, actual ratio | 0.1239 | 0.1202 | |
Common Equity Tier 1 risk-based capital, minimum for adequately capitalized amount | $ 148,667 | $ 146,502 | |
Common Equity Tier 1 risk-based capital, minimum for adequately capitalized ratio | 4.50% | 4.50% | |
Tier 1 risk-based capital, actual amount | [1] | $ 409,251 | $ 391,319 |
Tier 1 risk-based capital, actual ratio | [1] | 0.1239 | 0.1202 |
Tier 1 risk-based capital, minimum for adequately capitalized amount | [1] | $ 198,223 | $ 195,336 |
Tier 1 risk-based capital, minimum for adequately capitalized ratio | [1] | 0.0600 | 0.0600 |
Leverage, actual amount | [2] | $ 409,251 | $ 391,319 |
Leverage, actual ratio | [2] | 0.0950 | 0.1060 |
Leverage, minimum for adequately capitalized amount | [2] | $ 172,277 | $ 147,733 |
Leverage, minimum for adequately capitalized ratio | [2] | 0.0400 | 0.0400 |
Subsidiaries [Member] | |||
Total risk-based capital, actual amount | [1] | $ 430,654 | $ 396,299 |
Total risk-based capital, actual ratio | [1] | 0.1307 | 0.1220 |
Total risk-based capital, minimum for adequately capitalized amount | [1] | $ 263,610 | $ 259,823 |
Total risk-based capital, minimum for adequately capitalized ratio | [1] | 0.0800 | 0.0800 |
Total risk-based capital, minimum for well capitalized amount | [1] | $ 329,512 | $ 324,778 |
Total risk-based capital, minimum for well capitalized ratio | [1] | 0.100 | 0.1000 |
Common Equity Tier 1 risk-based capital, actual amount | $ 393,788 | $ 369,158 | |
Common Equity Tier 1 risk-based capital, actual ratio | 0.1195 | 0.1137 | |
Common Equity Tier 1 risk-based capital, minimum for adequately capitalized amount | $ 148,280 | $ 146,150 | |
Common Equity Tier 1 risk-based capital, minimum for adequately capitalized ratio | 4.50% | 4.50% | |
Common Equity Tier 1 risk-based capital, minimum for well capitalized amount | $ 214,183 | $ 211,106 | |
Common Equity Tier 1 risk-based capital, minimum for well capitalized ratio | 6.50% | 6.50% | |
Tier 1 risk-based capital, actual amount | [1] | $ 393,788 | $ 369,158 |
Tier 1 risk-based capital, actual ratio | [1] | 0.1195 | 0.1137 |
Tier 1 risk-based capital, minimum for adequately capitalized amount | [1] | $ 197,707 | $ 194,867 |
Tier 1 risk-based capital, minimum for adequately capitalized ratio | [1] | 0.0600 | 0.0600 |
Tier 1 risk-based capital, minimum for well capitalized amount | [1] | $ 263,610 | $ 259,823 |
Tier 1 risk-based capital, minimum for well capitalized ratio | [1] | 0.080 | 0.0800 |
Leverage, actual amount | [2] | $ 393,788 | $ 369,158 |
Leverage, actual ratio | [2] | 0.0915 | 0.1067 |
Leverage, minimum for adequately capitalized amount | [2] | $ 172,124 | $ 138,392 |
Leverage, minimum for adequately capitalized ratio | [2] | 0.0400 | 0.0400 |
Leverage, minimum for well capitalized amount | [2] | $ 215,155 | $ 172,990 |
Leverage, minimum for well capitalized ratio | [2] | 0.050 | 0.0500 |
[1] | Ratio is computed in relation to risk-weighted assets. | ||
[2] | Ratio is computed in relation to average assets. |
Note 18 - Segments (Details Tex
Note 18 - Segments (Details Textual) - USD ($) | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Jun. 30, 2019 | May 01, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Dec. 31, 1996 |
Goodwill, Ending Balance | $ 12,513,000 | $ 12,513,000 | $ 12,513,000 | $ 12,826,000 | $ 682,000 | $ 682,000 | ||
King Bancorp Inc. [Member] | ||||||||
Goodwill, Ending Balance | 12,000,000 | $ 11,831,000 | ||||||
Commercial Banking [Member] | Indiana Bank [Member] | ||||||||
Goodwill, Ending Balance | $ 682,000 | |||||||
Commercial Banking [Member] | Operating Segments [Member] | ||||||||
Goodwill, Ending Balance | $ 12,500,000 | |||||||
Commercial Banking [Member] | Operating Segments [Member] | Indiana Bank [Member] | ||||||||
Goodwill, Ending Balance | $ 682,000 | |||||||
Commercial Banking [Member] | Operating Segments [Member] | King Bancorp Inc. [Member] | ||||||||
Goodwill, Ending Balance | $ 11,800,000 |
Note 18 - Segments - Financial
Note 18 - Segments - Financial Information by Business Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | |
Net interest income | $ 33,528 | $ 30,802 | $ 65,974 | $ 60,486 | |||
Provision for credit losses | 5,550 | 0 | 11,100 | 600 | |||
Non-interest income | 5,726 | 5,662 | 11,944 | 11,101 | |||
All other non-interest income | 6,896 | 6,562 | 13,214 | 12,131 | |||
Non-interest expenses | 24,884 | 25,453 | 48,834 | 48,065 | |||
Income before income tax expense | 15,716 | 17,573 | 31,198 | 35,053 | |||
Income tax expense | 2,348 | 1,030 | 4,598 | 2,869 | |||
Net income | 13,368 | $ 13,232 | 16,543 | $ 15,641 | 26,600 | 32,184 | |
Segment assets | 4,334,533 | 3,463,823 | 4,334,533 | 3,463,823 | $ 3,724,197 | ||
Commercial Banking [Member] | |||||||
Net interest income | 33,443 | 30,718 | 65,804 | 60,326 | |||
Provision for credit losses | 5,550 | 0 | 11,100 | 600 | |||
Non-interest income | 0 | 0 | 0 | 0 | |||
All other non-interest income | 6,896 | 6,562 | 13,214 | 12,131 | |||
Non-interest expenses | 21,763 | 22,286 | 42,401 | 41,865 | |||
Income before income tax expense | 13,026 | 14,994 | 25,517 | 29,992 | |||
Income tax expense | 1,764 | 471 | 3,365 | 1,771 | |||
Net income | 11,262 | 14,523 | 22,152 | 28,221 | |||
Segment assets | 4,330,893 | 3,460,040 | 4,330,893 | 3,460,040 | |||
Investment Management and Trust [Member] | |||||||
Net interest income | 85 | 84 | 170 | 160 | |||
Provision for credit losses | 0 | 0 | 0 | 0 | |||
Non-interest income | 5,726 | 5,662 | 11,944 | 11,101 | |||
All other non-interest income | 0 | 0 | 0 | 0 | |||
Non-interest expenses | 3,121 | 3,167 | 6,433 | 6,200 | |||
Income before income tax expense | 2,690 | 2,579 | 5,681 | 5,061 | |||
Income tax expense | 584 | 559 | 1,233 | 1,098 | |||
Net income | 2,106 | 2,020 | 4,448 | 3,963 | |||
Segment assets | $ 3,640 | $ 3,783 | $ 3,640 | $ 3,783 |
Note 19 - Revenue From Contra_3
Note 19 - Revenue From Contracts With Customers (Details Textual) - USD ($) | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | |
Trading Activity Charges Reducing Product Sales Commissions and Fees | $ 283,000 | $ 258,000 | |
Contract with Customer, Asset, after Allowance for Credit Loss, Total | 0 | ||
Contract with Customer, Liability, Total | 0 | ||
Fiduciary and Trust [Member] | |||
Accrued Fees and Other Revenue Receivable | $ 2,100,000 | $ 2,100,000 |
Note 19 - Revenue From Contra_4
Note 19 - Revenue From Contracts With Customers - Revenue by Operating Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | ||
Non-interest income | $ 5,726 | $ 5,662 | $ 11,944 | $ 11,101 | |
Mortgage banking income | [1] | 1,622 | 760 | 2,468 | 1,210 |
Bank owned life insurance | [1] | 176 | 184 | 355 | 362 |
Other | [2] | 595 | 624 | 875 | 1,130 |
Non-interest income | 12,622 | 12,224 | 25,158 | 23,232 | |
Commercial Banking [Member] | |||||
Non-interest income | 0 | 0 | 0 | 0 | |
Mortgage banking income | [1] | 1,622 | 760 | 2,468 | 1,210 |
Bank owned life insurance | [1] | 176 | 184 | 355 | 362 |
Other | [2] | 595 | 624 | 875 | 1,130 |
Non-interest income | 6,896 | 6,562 | 13,214 | 12,131 | |
WM&T [Member] | |||||
Mortgage banking income | [1] | 0 | 0 | 0 | 0 |
Bank owned life insurance | [1] | 0 | 0 | 0 | 0 |
Other | [2] | 0 | 0 | 0 | 0 |
Non-interest income | 5,726 | 5,662 | 11,944 | 11,101 | |
Fiduciary and Trust [Member] | |||||
Non-interest income | 5,726 | 5,662 | 11,944 | 11,101 | |
Fiduciary and Trust [Member] | Commercial Banking [Member] | |||||
Non-interest income | 0 | 0 | 0 | 0 | |
Fiduciary and Trust [Member] | WM&T [Member] | |||||
Non-interest income | 5,726 | 5,662 | 11,944 | 11,101 | |
Deposit Account [Member] | |||||
Non-interest income | 800 | 1,260 | 2,083 | 2,438 | |
Deposit Account [Member] | Commercial Banking [Member] | |||||
Non-interest income | 800 | 1,260 | 2,083 | 2,438 | |
Deposit Account [Member] | WM&T [Member] | |||||
Non-interest income | 0 | 0 | 0 | 0 | |
Credit and Debit Card [Member] | |||||
Non-interest income | 2,063 | 2,168 | 4,043 | 3,912 | |
Credit and Debit Card [Member] | Commercial Banking [Member] | |||||
Non-interest income | 2,063 | 2,168 | 4,043 | 3,912 | |
Credit and Debit Card [Member] | WM&T [Member] | |||||
Non-interest income | 0 | 0 | 0 | 0 | |
Treasury Management [Member] | |||||
Non-interest income | 1,249 | 1,202 | 2,533 | 2,359 | |
Treasury Management [Member] | Commercial Banking [Member] | |||||
Non-interest income | 1,249 | 1,202 | 2,533 | 2,359 | |
Treasury Management [Member] | WM&T [Member] | |||||
Non-interest income | 0 | 0 | 0 | 0 | |
Product Sales Commissions and Fees [Member] | |||||
Non-interest income | 391 | 364 | 857 | 720 | |
Product Sales Commissions and Fees [Member] | Commercial Banking [Member] | |||||
Non-interest income | 391 | 364 | 857 | 720 | |
Product Sales Commissions and Fees [Member] | WM&T [Member] | |||||
Non-interest income | $ 0 | $ 0 | $ 0 | $ 0 | |
[1] | Outside of the scope of ASC 606. | ||||
[2] | Outside of the scope of ASC 606, with the exception of safe deposit fees which were nominal for all periods. |
Note 20 - Leases (Details Textu
Note 20 - Leases (Details Textual) | 6 Months Ended |
Jun. 30, 2020 | |
Lessee, Operating Lease, Renewal Term (Year) | 5 years |
Minimum [Member] | |
Operating Lease, Remaining Lease Term (Month) | 1 month |
Maximum [Member] | |
Operating Lease, Remaining Lease Term (Month) | 13 years |
Note 20 - Leases - Balance Shee
Note 20 - Leases - Balance Sheet, Income Statement, and Cash Flow Detail Regarding Operating Leases (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | |
Operating lease right-of-use assets | $ 11,547 | $ 11,547 | $ 12,737 | ||
Operating lease liabilities | $ 12,992 | $ 12,992 | $ 14,369 | ||
Weighted average remaining lease term (Year) | 9 years | 9 years | 9 years 4 months 24 days | ||
Weighted average discount rate | 3.50% | 3.50% | 2.46% | ||
One year or less | $ 986 | $ 986 | |||
One year or less | 1,916 | 1,916 | $ 1,964 | ||
Year 2 | 1,930 | 1,930 | 1,915 | ||
Year 3 | 1,972 | 1,972 | 1,930 | ||
Year 4 | 1,781 | 1,781 | 1,972 | ||
Year 5 | 1,781 | ||||
Greater than 5 years | 6,619 | 6,619 | |||
Greater than 5 years | 6,619 | ||||
Total lease payments | 15,204 | 15,204 | 16,181 | ||
Less imputed interest | 2,212 | 2,212 | 1,812 | ||
Total lease liabilities | 12,992 | 12,992 | 14,369 | ||
Components of lease expense: | |||||
Operating lease cost | 473 | $ 489 | 943 | $ 997 | |
Variable lease cost | 45 | 24 | 87 | 63 | |
Less sublease income | 25 | 13 | 38 | 27 | |
Total lease cost | 493 | $ 500 | 992 | 1,033 | |
Supplemental cash flow information: | |||||
Cash paid for operating lease liabilities | 790 | $ 694 | |||
Other Liabilities [Member] | |||||
Operating lease liabilities | 12,992 | 12,992 | 14,369 | ||
Total lease liabilities | $ 12,992 | $ 12,992 | $ 14,369 |