Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2017 | Aug. 02, 2017 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | ISABELLA BANK CORP | |
Entity Central Index Key | 842,517 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2017 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q2 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 7,884,003 |
Interim Condensed Consolidated
Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Cash and cash equivalents | ||
Cash and demand deposits due from banks | $ 21,485 | $ 20,167 |
Interest bearing balances due from banks | 349 | 2,727 |
Total cash and cash equivalents | 21,834 | 22,894 |
AFS securities (amortized cost of $563,309 in 2017 and $557,648 in 2016) | 567,862 | 558,096 |
Mortgage loans AFS | 1,482 | 1,816 |
Loans | ||
Commercial | 600,584 | 575,664 |
Agricultural | 130,954 | 126,492 |
Residential real estate | 270,207 | 266,050 |
Consumer | 46,752 | 42,409 |
Gross loans | 1,048,497 | 1,010,615 |
Less allowance for loan losses | 7,600 | 7,400 |
Net loans | 1,040,897 | 1,003,215 |
Premises and equipment | 28,679 | 29,314 |
Corporate owned life insurance | 26,663 | 26,300 |
Accrued interest receivable | 5,686 | 6,580 |
Equity securities without readily determinable fair values | 23,401 | 21,694 |
Goodwill and other intangible assets | 48,604 | 48,666 |
Other assets | 12,190 | 13,576 |
TOTAL ASSETS | 1,777,298 | 1,732,151 |
Deposits | ||
Noninterest bearing | 210,122 | 205,071 |
NOW accounts | 212,365 | 209,325 |
Certificates of deposit under $100 and other savings | 725,748 | 717,078 |
Certificates of deposit over $100 | 61,917 | 63,566 |
Total deposits | 1,210,152 | 1,195,040 |
Borrowed funds | 360,940 | 337,694 |
Accrued interest payable and other liabilities | 11,136 | 11,518 |
Total liabilities | 1,582,228 | 1,544,252 |
Shareholders' equity | ||
Common stock — no par value 15,000,000 shares authorized; issued and outstanding 7,862,553 shares (including 23,925 shares held in the Rabbi Trust) in 2017 and 7,821,069 shares (including 26,042 shares held in the Rabbi Trust) in 2016 | 140,646 | 139,525 |
Shares to be issued for deferred compensation obligations | 5,164 | 5,038 |
Retained earnings | 49,174 | 46,114 |
Accumulated other comprehensive income | 86 | (2,778) |
Total shareholders' equity | 195,070 | 187,899 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 1,777,298 | $ 1,732,151 |
Interim Condensed Consolidated3
Interim Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Statement of Financial Position [Abstract] | ||
Available-for-sale securities, amortized cost | $ 563,309 | $ 557,648 |
Common stock, shares authorized | 15,000,000 | 15,000,000 |
Common stock, shares issued | 7,862,553 | 7,821,069 |
Common stock, shares outstanding | 7,862,553 | 7,821,069 |
Common stock, shares held in Rabbi Trust | 23,925 | 26,042 |
Interim Condensed Consolidated4
Interim Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Interest income | ||||
Loans, including fees | $ 10,685 | $ 9,317 | $ 20,805 | $ 18,355 |
AFS securities | ||||
Taxable | 2,226 | 2,303 | 4,377 | 4,703 |
Nontaxable | 1,413 | 1,441 | 2,828 | 2,926 |
Federal funds sold and other | 174 | 157 | 349 | 315 |
Total interest income | 14,498 | 13,218 | 28,359 | 26,299 |
Interest expense | ||||
Deposits | 1,615 | 1,418 | 3,155 | 2,817 |
Borrowings | 1,413 | 1,260 | 2,704 | 2,475 |
Total interest expense | 3,028 | 2,678 | 5,859 | 5,292 |
Net interest income | 11,470 | 10,540 | 22,500 | 21,007 |
Provision for loan losses | 9 | 12 | 36 | 168 |
Net interest income after provision for loan losses | 11,461 | 10,528 | 22,464 | 20,839 |
Noninterest income | ||||
Service charges and fees | 1,405 | 1,163 | 2,935 | 2,376 |
Net gain on sale of mortgage loans | 199 | 127 | 354 | 209 |
Earnings on corporate owned life insurance policies | 183 | 195 | 363 | 383 |
Net gains (losses) on sale of AFS securities | 142 | 245 | 142 | 245 |
Other | 859 | 1,022 | 1,610 | 1,762 |
Total noninterest income | 2,788 | 2,752 | 5,404 | 4,975 |
Noninterest expenses | ||||
Compensation and benefits | 4,833 | 4,684 | 10,509 | 9,472 |
Furniture and equipment | 1,352 | 1,340 | 2,696 | 2,635 |
Occupancy | 815 | 788 | 1,652 | 1,598 |
Other | 2,507 | 2,406 | 4,601 | 4,593 |
Total noninterest expenses | 9,507 | 9,218 | 19,458 | 18,298 |
Income before federal income tax expense | 4,742 | 4,062 | 8,410 | 7,516 |
Federal Income Tax Expense (Benefit), Continuing Operations | 898 | 655 | 1,430 | 1,092 |
NET INCOME | $ 3,844 | $ 3,407 | $ 6,980 | $ 6,424 |
Earnings per share | ||||
Basic (in dollars per share) | $ 0.49 | $ 0.44 | $ 0.89 | $ 0.82 |
Diluted (in dollars per share) | 0.48 | 0.43 | 0.87 | 0.80 |
Cash dividends per basic share (in dollars per share) | $ 0.25 | $ 0.24 | $ 0.50 | $ 0.48 |
Interim Condensed Consolidated5
Interim Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 3,844 | $ 3,407 | $ 6,980 | $ 6,424 |
Unrealized gains (losses) on AFS securities | ||||
Unrealized gains (losses) on AFS securities arising during the period | (2,570) | (4,067) | (4,247) | (11,341) |
Reclassification adjustment for net realized (gains) losses included in net income | (142) | (245) | (142) | (245) |
Tax effect | (762) | (1,173) | (1,212) | (3,650) |
Unrealized gains (losses) on AFS securities, net of tax | 1,666 | 2,649 | 2,893 | 7,446 |
Unrealized gains (losses) on derivative instruments arising during the period | (61) | (152) | (44) | (152) |
Tax effect | 21 | 52 | 15 | 52 |
Unrealized gains (losses) on derivative instruments, net of tax | (40) | (100) | (29) | (100) |
Other comprehensive income, net of tax | 1,626 | 2,549 | 2,864 | 7,346 |
Comprehensive income | $ 5,470 | $ 5,956 | $ 9,844 | $ 13,770 |
Interim Condensed Consolidated6
Interim Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Total | Common Stock | Shares to be Issued for Deferred Compensation Obligations | Retained Earnings | Accumulated Other Comprehensive Income (Loss) |
Beginning balances at Dec. 31, 2015 | $ 183,971 | $ 139,198 | $ 4,592 | $ 39,960 | $ 221 |
Beginning balances, shares at Dec. 31, 2015 | 7,799,867 | ||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Comprehensive income (loss) | 13,770 | 6,424 | 7,346 | ||
Issuance of common stock | 2,489 | $ 2,489 | |||
Issuance of common stock, shares | 88,486 | ||||
Common stock transferred from the Rabbi Trust to satisfy deferred compensation obligations | 0 | $ 127 | (127) | ||
Share based payment awards under equity compensation plan | 273 | 273 | |||
Common stock purchased for deferred compensation obligations | (164) | (164) | |||
Common stock repurchased pursuant to publicly announced repurchase plan | (1,462) | $ (1,462) | |||
Common stock repurchased pursuant to publicly announced repurchase plan, shares | (51,911) | ||||
Cash dividends | (3,744) | (3,744) | |||
Ending balances at Jun. 30, 2016 | 195,133 | $ 140,188 | 4,738 | 42,640 | 7,567 |
Ending balances, shares at Jun. 30, 2016 | 7,836,442 | ||||
Beginning balances at Dec. 31, 2016 | $ 187,899 | $ 139,525 | 5,038 | 46,114 | (2,778) |
Beginning balances, shares at Dec. 31, 2016 | 7,821,069 | 7,821,069 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||
Comprehensive income (loss) | $ 9,844 | 6,980 | 2,864 | ||
Issuance of common stock | 3,764 | $ 3,764 | |||
Issuance of common stock, shares | 135,516 | ||||
Common stock transferred from the Rabbi Trust to satisfy deferred compensation obligations | 0 | $ 176 | (176) | ||
Share based payment awards under equity compensation plan | 302 | 302 | |||
Common stock purchased for deferred compensation obligations | (197) | (197) | |||
Common stock repurchased pursuant to publicly announced repurchase plan | (2,622) | $ (2,622) | |||
Common stock repurchased pursuant to publicly announced repurchase plan, shares | (94,032) | ||||
Cash dividends | (3,920) | (3,920) | |||
Ending balances at Jun. 30, 2017 | $ 195,070 | $ 140,646 | $ 5,164 | $ 49,174 | $ 86 |
Ending balances, shares at Jun. 30, 2017 | 7,862,553 | 7,862,553 |
Interim Condensed Consolidated7
Interim Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Statement of Stockholders' Equity [Abstract] | ||||
Cash dividends per share (in dollars per share) | $ 0.25 | $ 0.24 | $ 0.50 | $ 0.48 |
Interim Condensed Consolidated8
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
OPERATING ACTIVITIES | ||
Net income | $ 6,980 | $ 6,424 |
Reconciliation of net income to net cash provided by operating activities: | ||
Provision for loan losses | 36 | 168 |
Impairment of foreclosed assets | 28 | 0 |
Depreciation | 1,440 | 1,438 |
Amortization of OMSR | 170 | 165 |
Amortization of acquisition intangibles | 62 | 87 |
Net amortization of AFS securities | 1,062 | 1,427 |
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments | 142 | 245 |
Available-for-sale Securities, Gross Realized Gain (Loss) | (142) | (245) |
Net gain on sale of mortgage loans | (354) | (209) |
Increase in cash value of corporate owned life insurance policies | (363) | (383) |
Share-based payment awards under equity compensation plan | 302 | 273 |
Proceeds from loan sales | (19,081) | (10,810) |
Proceeds from loan sales | 19,769 | 10,925 |
Net changes in operating assets and liabilities which provided (used) cash: | ||
Accrued interest receivable | 894 | 478 |
Other assets | (1,734) | (667) |
Accrued interest payable and other liabilities | (382) | (238) |
Net cash provided by (used in) operating activities | 8,687 | 8,833 |
Activity in AFS securities | ||
Sales | 12,827 | 35,664 |
Maturities and calls | 45,021 | 58,145 |
Purchases | (64,429) | (26,222) |
Net loan principal (originations) collections | (37,842) | (69,186) |
Proceeds from sales of foreclosed assets | 98 | 288 |
Purchases of premises and equipment | (805) | (1,351) |
Proceeds from Life Insurance Policies | 0 | 1,004 |
Net cash provided by (used in) investing activities | (45,130) | (1,658) |
FINANCING ACTIVITIES | ||
Net increase (decrease) in deposits | 15,112 | (7,693) |
Increase in other borrowed funds | 23,246 | 8,864 |
Cash dividends paid on common stock | (3,920) | (3,744) |
Proceeds from issuance of common stock | 3,764 | 2,489 |
Common stock repurchased | (2,622) | (1,462) |
Common stock purchased for deferred compensation obligations | (197) | (164) |
Net cash provided by (used in) financing activities | 35,383 | (1,710) |
Increase (decrease) in cash and cash equivalents | (1,060) | 5,465 |
Cash and cash equivalents at beginning of period | 22,894 | 21,569 |
Cash and cash equivalents at end of period | 21,834 | 27,034 |
SUPPLEMENTAL CASH FLOWS INFORMATION: | ||
Interest paid | 5,872 | 5,286 |
Federal income taxes paid | 1,630 | 600 |
SUPPLEMENTAL NONCASH INFORMATION: | ||
Transfers of loans to foreclosed assets | $ 124 | $ 116 |
Basis of Presentation
Basis of Presentation | 6 Months Ended |
Jun. 30, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | Basis of Presentation As used in these notes, as well as in Management's Discussion and Analysis of Financial Condition and Results of Operations , references to “Isabella,” the “Corporation”, “we,” “our,” “us,” and similar terms refer to the consolidated entity consisting of Isabella Bank Corporation and its subsidiaries. Isabella Bank Corporation refers solely to the parent holding company, and Isabella Bank or the “Bank” refer to Isabella Bank Corporation ’s subsidiary, Isabella Bank . The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In our opinion, all adjustments considered necessary for a fair presentation have been included. Operating results for the three and six month periods ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017 . For further information, refer to our Annual Report on Form 10-K for the year ended December 31, 2016 . Our accounting policies are materially the same as those discussed in Note 1 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2016 . Reclassifications: Certain amounts reported in the interim 2016 consolidated financial statements have been reclassified to conform with the 2017 presentation. |
Computation of Earnings Per Com
Computation of Earnings Per Common Share | 6 Months Ended |
Jun. 30, 2017 | |
Earnings Per Share [Abstract] | |
Computation of Earnings Per Common Share | Computation of Earnings Per Common Share Basic earnings per common share represents income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued relate solely to outstanding shares in the Directors Plan . Three Months Ended Six Months Ended 2017 2016 2017 2016 Average number of common shares outstanding for basic calculation 7,841,822 7,819,080 7,834,523 7,807,187 Average potential effect of common shares in the Directors Plan (1) 190,528 183,842 191,028 184,152 Average number of common shares outstanding used to calculate diluted earnings per common share 8,032,350 8,002,922 8,025,551 7,991,339 Net income $ 3,844 $ 3,407 $ 6,980 $ 6,424 Earnings per common share Basic $ 0.49 $ 0.44 $ 0.89 $ 0.82 Diluted $ 0.48 $ 0.43 $ 0.87 $ 0.80 (1) Exclusive of shares held in the Rabbi Trust |
Pending Accounting Standards Up
Pending Accounting Standards Updates | 6 Months Ended |
Jun. 30, 2017 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Pending Accounting Standards Updates | Accounting Standards Updates Pending Accounting Standards Updates ASU No. 2017-09: “ Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting” In May 2017, ASU No. 2017-09 provided guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting under Topic 718. The current disclosure requirements in Topic 718 apply regardless of whether an entity is required to apply modification accounting under the amendments in this updated. An entity should account for the effects of a modification unless all of the following are met: 1. The fair value (or calculated value or intrinsic value, if such an alternative measurement method is used) of the modified award is the same as the fair value (or calculated value or intrinsic value, if such an alternative measurement method is used) of the original award immediately before the original award is modified. If the modification does not affect any of the inputs to the valuation technique that the entity uses to value the award, the entity is not required to estimate the value immediately before and after the modification. 2. The vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified. 3. The classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified. The new authoritative guidance is effective for interim and annual periods beginning after December 15, 2017 and is not expected to have a significant impact on our operating results or financial statement disclosures. |
AFS Securities
AFS Securities | 6 Months Ended |
Jun. 30, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
AFS Securities | AFS Securities The amortized cost and fair value of AFS securities , with gross unrealized gains and losses, are as follows at: June 30, 2017 Amortized Gross Gross Fair Government sponsored enterprises $ 280 $ 1 $ — $ 281 States and political subdivisions 215,999 6,121 27 222,093 Auction rate money market preferred 3,200 — 105 3,095 Preferred stocks 3,800 — 135 3,665 Mortgage-backed securities 223,225 701 1,969 221,957 Collateralized mortgage obligations 116,805 705 739 116,771 Total $ 563,309 $ 7,528 $ 2,975 $ 567,862 December 31, 2016 Amortized Gross Gross Fair Government sponsored enterprises $ 10,258 $ 3 $ 2 $ 10,259 States and political subdivisions 208,977 4,262 320 212,919 Auction rate money market preferred 3,200 — 406 2,794 Preferred stocks 3,800 — 375 3,425 Mortgage-backed securities 229,593 581 2,918 227,256 Collateralized mortgage obligations 101,820 600 977 101,443 Total $ 557,648 $ 5,446 $ 4,998 $ 558,096 The amortized cost and fair value of AFS securities by contractual maturity at June 30, 2017 are as follows: Maturing Securities with Variable Monthly Payments or Noncontractual Maturities Due in After One After Five After Total Government sponsored enterprises $ 32 $ 248 $ — $ — $ — $ 280 States and political subdivisions 32,000 74,710 76,716 32,573 — 215,999 Auction rate money market preferred — — — — 3,200 3,200 Preferred stocks — — — — 3,800 3,800 Mortgage-backed securities — — — — 223,225 223,225 Collateralized mortgage obligations — — — — 116,805 116,805 Total amortized cost $ 32,032 $ 74,958 $ 76,716 $ 32,573 $ 347,030 $ 563,309 Fair value $ 32,105 $ 77,118 $ 79,668 $ 33,483 $ 345,488 $ 567,862 Expected maturities for government sponsored enterprises and states and political subdivisions may differ from contractual maturities because issuers may have the right to call or prepay obligations. As the auction rate money market preferred and preferred stocks have continual call dates, they are not reported by a specific maturity group. Because of their variable monthly payments, mortgage-backed securities and collateralized mortgage obligations are not reported by a specific maturity group. A summary of the sales activity of AFS securities was as follows for the: Three Months Ended June 30 Six Months Ended June 30 2017 2016 2017 2016 Proceeds from sales of AFS securities $ 12,827 $ 35,664 $ 12,827 $ 35,664 Gross realized gains (losses) $ 142 $ 245 $ 142 $ 245 Applicable income tax expense (benefit) $ 48 $ 83 $ 48 $ 83 The following information pertains to AFS securities with gross unrealized losses at June 30, 2017 and December 31, 2016 , aggregated by investment category and length of time that individual securities have been in a continuous loss position. June 30, 2017 Less Than Twelve Months Twelve Months or More Gross Fair Gross Fair Total Government sponsored enterprises $ — $ — $ — $ — $ — States and political subdivisions 25 4,049 2 263 27 Auction rate money market preferred — — 105 3,095 105 Preferred stocks — — 135 3,665 135 Mortgage-backed securities 1,969 126,883 — — 1,969 Collateralized mortgage obligations 444 36,057 295 10,413 739 Total $ 2,438 $ 166,989 $ 537 $ 17,436 $ 2,975 Number of securities in an unrealized loss position: 41 9 50 December 31, 2016 Less Than Twelve Months Twelve Months or More Gross Fair Gross Fair Total Government sponsored enterprises $ 2 $ 9,936 $ — $ — $ 2 States and political subdivisions 311 21,800 9 355 320 Auction rate money market preferred — — 406 2,794 406 Preferred stocks — — 375 3,425 375 Mortgage-backed securities 2,918 175,212 — — 2,918 Collateralized mortgage obligations 628 51,466 349 11,381 977 Total $ 3,859 $ 258,414 $ 1,139 $ 17,955 $ 4,998 Number of securities in an unrealized loss position: 104 9 113 As of June 30, 2017 and December 31, 2016 , we conducted an analysis to determine whether any AFS securities currently in an unrealized loss position should be other-than-temporarily impaired. Such analyses considered, among other factors, the following criteria: • Has the value of the investment declined more than what is deemed to be reasonable based on a risk and maturity adjusted discount rate? • Is the investment credit rating below investment grade? • Is it probable the issuer will be unable to pay the amount when due? • Is it more likely than not that we will have to sell the security before recovery of its cost basis? • Has the duration of the investment been extended? During the fourth quarter of 2016, we identified one municipal bond as other-than-temporarily impaired. While management estimated the OTTI to be realized, we also engaged the services of an independent investment valuation firm to estimate the amount of impairment as of December 31, 2016 . The valuation calculated the estimated market value utilizing two different approaches: 1) Market - Appraisal and Comparable Investments 2) Income - Discounted Cash Flow Method The two methods were then weighted, with a higher weighting applied to the Market approach, to determine the estimated impairment. As a result of this analysis, we recognized an OTTI of $770 in earnings for the year ended December 31, 2016. Based on analysis of this bond, there was no additional OTTI recognized as of June 30, 2017 . Based on our analyses, the fact that we have asserted that we do not have the intent to sell AFS securities in an unrealized loss position, and considering it is unlikely that we will have to sell any AFS securities in an unrealized loss position before recovery of their cost basis, we do not believe that the values of any other AFS securities are other-than-temporarily impaired as of June 30, 2017 or December 31, 2016 , with the exception of the one municipal bond discussed above. |
Loans and ALLL
Loans and ALLL | 6 Months Ended |
Jun. 30, 2017 | |
Receivables [Abstract] | |
Loans and ALLL | Loans and ALLL We grant commercial, agricultural, residential real estate, and consumer loans to customers situated primarily in Clare, Gratiot, Isabella, Mecosta, Midland, Montcalm, and Saginaw counties in Michigan. The ability of the borrowers to honor their repayment obligations is often dependent upon the real estate, agricultural, manufacturing, retail, gaming, tourism, higher education, and general economic conditions of this region. Substantially all of our consumer and residential real estate loans are secured by various items of property, while commercial loans are secured primarily by real estate, business assets, and personal guarantees. A portion of loans are unsecured. Loans that we have the intent and ability to hold in our portfolio are reported at their outstanding principal balance adjusted for any charge-offs , the ALLL , and any deferred fees or costs. Interest income is accrued over the term of the loan based on the principal amount outstanding. Loan origination fees and certain direct loan origination costs are capitalized and recognized as a component of interest income over the term of the loan using the level yield method. The accrual of interest on commercial, agricultural, and residential real estate loans is discontinued at the time the loan is 90 days or more past due unless the credit is well-secured and in the process of collection. Upon transferring the loans to nonaccrual status, we perform an evaluation to determine the net realizable value of the underlying collateral. This evaluation is used to help determine if any charge-offs are necessary. Consumer loans are typically charged-off no later than 180 days past due. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. For loans that are placed on nonaccrual status or charged-off , all interest accrued in the current calendar year, but not collected, is reversed against interest income while interest accrued in prior calendar years, but not collected, is charged against the ALLL . Loans may be returned to accrual status after six months of continuous performance. Commercial and agricultural loans include loans for commercial real estate, commercial operating loans, advances to mortgage brokers, farmland and agricultural production, and states and political subdivisions. Repayment of these loans is dependent upon the successful operation and management of a business. We minimize our risk by limiting the amount of direct credit exposure to any one borrower to $15,000 . Borrowers with direct credit needs of more than $15,000 are serviced through the use of loan participations with other commercial banks. Commercial and agricultural real estate loans commonly require loan-to-value limits of 80% or less. Depending upon the type of loan, past credit history, and current operating results, we may require the borrower to pledge accounts receivable, inventory, and property and equipment. Personal guarantees are generally required from the owners of closely held corporations, partnerships, and sole proprietorships. In addition, we require annual financial statements, prepare cash flow analyses, and review credit reports. We entered into a mortgage purchase program in 2016 with a financial institution where we participate in advances to mortgage brokers ("advances"). The mortgage brokers originate residential mortgage loans with the intent to sell them on the secondary market. We participate in the advance to the mortgage broker, which is secured by the underlying mortgage loan, until it is ultimately sold on the secondary market. As such, the average life of each participated advance is approximately 20 - 30 days. Funds from the sale of the loan are used to payoff our participation in the advance to the mortgage broker. We classify these advances as commercial loans and include the outstanding balance in commercial loans on our balance sheet. Under the participation agreement, we committed to a maximum outstanding aggregate amount of $30,000 . The difference between our outstanding balances and the maximum outstanding aggregate amount is classified as “ Unfunded commitments under lines of credit ” in the “ Contractual Obligations and Loan Commitments ” section of the Management's Discussion and Analysis of Financial Condition and Results of Operations of this report. We offer adjustable rate mortgages, construction loans, and fixed rate residential real estate loans which have amortization periods up to a maximum of 30 years. We consider the anticipated direction of interest rates, balance sheet duration, the sensitivity of our balance sheet to changes in interest rates, and overall loan demand to determine whether or not to sell fixed rate loans to Freddie Mac . Our lending policies generally limit the maximum loan-to-value ratio on residential real estate loans to 97% of the lower of the appraised value of the property or the purchase price, with the condition that private mortgage insurance is required on loans with loan-to-value ratios in excess of 80% . Underwriting criteria for originated residential real estate loans include: • Evaluation of the borrower’s ability to make monthly payments. • Evaluation of the value of the property securing the loan. • Ensuring the payment of principal, interest, taxes, and hazard insurance does not exceed 28% of a borrower’s gross income. • Ensuring all debt servicing does not exceed 36% of income. • Verification of acceptable credit reports. • Verification of employment, income, and financial information. Appraisals are performed by independent appraisers and reviewed for appropriateness. All originated mortgage loan requests are reviewed by our mortgage loan committee or through a secondary market underwriting system; loans in excess of $500 require the approval of our Internal Loan Committee, the Executive Loan Committee, the Board of Directors’ Loan Committee, or the Board of Directors. Consumer loans include secured and unsecured personal loans. Loans are amortized for a period of up to 12 years based on the age and value of the underlying collateral. The underwriting emphasis is on a borrower’s perceived intent and ability to pay rather than collateral value. No consumer loans are sold to the secondary market. The ALLL is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the ALLL when we believe the uncollectability of the loan balance is confirmed. Subsequent recoveries, if any, are credited to the ALLL . The appropriateness of the ALLL is evaluated on a quarterly basis and is based upon a periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The primary factors behind the determination of the level of the ALLL are specific allocations for impaired loans, historical loss percentages, as well as unallocated components. Specific allocations for impaired loans are primarily determined based on the difference between the loan’s outstanding balance and the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral, less cost to sell. Historical loss allocations are calculated at the loan class and segment levels based on a migration analysis of the loan portfolio, with the exception of advances to mortgage brokers, over the preceding five years. With no historical losses on advances to mortgage brokers, there is no allocation in the commercial segment displayed in the following tables based on historical loss factors. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. A summary of changes in the ALLL and the recorded investment in loans by segments follows: Allowance for Loan Losses Three Months Ended June 30, 2017 Commercial Agricultural Residential Real Estate Consumer Unallocated Total April 1, 2017 $ 1,771 $ 527 $ 3,098 $ 671 $ 1,433 $ 7,500 Charge-offs (25 ) — — (44 ) — (69 ) Recoveries 55 — 63 42 — 160 Provision for loan losses 177 (52 ) (563 ) (86 ) 533 9 June 30, 2017 $ 1,978 $ 475 $ 2,598 $ 583 $ 1,966 $ 7,600 Allowance for Loan Losses Six Months Ended June 30, 2017 Commercial Agricultural Residential Real Estate Consumer Unallocated Total January 1, 2017 $ 1,814 $ 884 $ 2,664 $ 624 $ 1,414 $ 7,400 Charge-offs (52 ) — (43 ) (118 ) — (213 ) Recoveries 188 — 99 90 — 377 Provision for loan losses 28 (409 ) (122 ) (13 ) 552 36 June 30, 2017 $ 1,978 $ 475 $ 2,598 $ 583 $ 1,966 $ 7,600 Allowance for Loan Losses and Recorded Investment in Loans June 30, 2017 Commercial Agricultural Residential Real Estate Consumer Unallocated Total ALLL Individually evaluated for impairment $ 783 $ — $ 1,672 $ — $ — $ 2,455 Collectively evaluated for impairment 1,195 475 926 583 1,966 5,145 Total $ 1,978 $ 475 $ 2,598 $ 583 $ 1,966 $ 7,600 Loans Individually evaluated for impairment $ 7,362 $ 11,125 $ 8,628 $ 20 $ 27,135 Collectively evaluated for impairment 593,222 119,829 261,579 46,732 1,021,362 Total $ 600,584 $ 130,954 $ 270,207 $ 46,752 $ 1,048,497 Allowance for Loan Losses Three Months Ended June 30, 2016 Commercial Agricultural Residential Real Estate Consumer Unallocated Total April 1, 2016 $ 2,421 $ 336 $ 3,130 $ 540 $ 1,073 $ 7,500 Charge-offs (32 ) — (128 ) (48 ) — (208 ) Recoveries 189 — 45 62 — 296 Provision for loan losses (459 ) 198 83 (13 ) 203 12 June 30, 2016 $ 2,119 $ 534 $ 3,130 $ 541 $ 1,276 $ 7,600 Allowance for Loan Losses Six Months Ended June 30, 2016 Commercial Agricultural Residential Real Estate Consumer Unallocated Total January 1, 2016 $ 2,171 $ 329 $ 3,330 $ 522 $ 1,048 $ 7,400 Charge-offs (48 ) — (369 ) (132 ) — (549 ) Recoveries 278 92 95 116 — 581 Provision for loan losses (282 ) 113 74 35 228 168 June 30, 2016 $ 2,119 $ 534 $ 3,130 $ 541 $ 1,276 $ 7,600 Allowance for Loan Losses and Recorded Investment in Loans December 31, 2016 Commercial Agricultural Residential Real Estate Consumer Unallocated Total ALLL Individually evaluated for impairment $ 741 $ 1 $ 1,629 $ — $ — $ 2,371 Collectively evaluated for impairment 1,073 883 1,035 624 1,414 5,029 Total $ 1,814 $ 884 $ 2,664 $ 624 $ 1,414 $ 7,400 Loans Individually evaluated for impairment $ 7,859 $ 5,545 $ 8,638 $ 26 $ 22,068 Collectively evaluated for impairment 567,805 120,947 257,412 42,383 988,547 Total $ 575,664 $ 126,492 $ 266,050 $ 42,409 $ 1,010,615 The following table displays the credit quality indicators for commercial and agricultural credit exposures based on internally assigned credit risk ratings as of: June 30, 2017 Commercial Agricultural Real Estate Other Advances to Mortgage Brokers Total Real Estate Other Total Total Rating 1 - Excellent $ 26 $ 232 $ — $ 258 $ — $ — $ — $ 258 2 - High quality 7,479 15,878 — 23,357 3,088 1,006 4,094 27,451 3 - High satisfactory 103,672 45,853 19,914 169,439 21,435 9,306 30,741 200,180 4 - Low satisfactory 320,610 71,958 — 392,568 48,109 20,740 68,849 461,417 5 - Special mention 4,253 1,899 — 6,152 11,015 9,054 20,069 26,221 6 - Substandard 6,343 2,450 — 8,793 4,379 1,830 6,209 15,002 7 - Vulnerable 17 — — 17 466 526 992 1,009 8 - Doubtful — — — — — — — — Total $ 442,400 $ 138,270 $ 19,914 $ 600,584 $ 88,492 $ 42,462 $ 130,954 $ 731,538 December 31, 2016 Commercial Agricultural Real Estate Other Advances to Mortgage Brokers Total Real Estate Other Total Total Rating 1 - Excellent $ 28 $ 438 $ — $ 466 $ — $ — $ — $ 466 2 - High quality 11,821 12,091 19,688 43,600 3,566 1,426 4,992 48,592 3 - High satisfactory 103,529 41,982 — 145,511 21,657 11,388 33,045 178,556 4 - Low satisfactory 299,317 74,432 — 373,749 48,955 22,715 71,670 445,419 5 - Special mention 3,781 1,178 — 4,959 6,009 3,085 9,094 14,053 6 - Substandard 5,901 1,474 — 7,375 3,650 3,508 7,158 14,533 7 - Vulnerable 4 — — 4 — 533 533 537 8 - Doubtful — — — — — — — — Total $ 424,381 $ 131,595 $ 19,688 $ 575,664 $ 83,837 $ 42,655 $ 126,492 $ 702,156 Internally assigned credit risk ratings are reviewed, at a minimum, when loans are renewed or when management has knowledge of improvements or deterioration of the credit quality of individual credits. Descriptions of the internally assigned credit risk ratings for commercial and agricultural loans are as follows: 1. EXCELLENT – Substantially Risk Free Credit has strong financial condition and solid earnings history, characterized by: • High liquidity, strong cash flow, low leverage. • Unquestioned ability to meet all obligations when due. • Experienced management, with management succession in place. • Secured by cash. 2. HIGH QUALITY – Limited Risk Credit with sound financial condition and a positive trend in earnings supplemented by: • Favorable liquidity and leverage ratios. • Ability to meet all obligations when due. • Management with successful track record. • Steady and satisfactory earnings history. • If loan is secured, collateral is of high quality and readily marketable. • Access to alternative financing. • Well defined primary and secondary source of repayment. • If supported by guaranty, the financial strength and liquidity of the guarantor(s) are clearly evident. 3. HIGH SATISFACTORY – Reasonable Risk Credit with satisfactory financial condition and further characterized by: • Working capital adequate to support operations. • Cash flow sufficient to pay debts as scheduled. • Management experience and depth appear favorable. • Loan performing according to terms. • If loan is secured, collateral is acceptable and loan is fully protected. 4. LOW SATISFACTORY – Acceptable Risk Credit with bankable risks, although some signs of weaknesses are shown: • Would include most start-up businesses. • Occasional instances of trade slowness or repayment delinquency – may have been 10 - 30 days slow within the past year. • Management’s abilities are apparent, yet unproven. • Weakness in primary source of repayment with adequate secondary source of repayment. • Loan structure generally in accordance with policy. • If secured, loan collateral coverage is marginal. • Adequate cash flow to service debt, but coverage is low. To be classified as less than satisfactory, only one of the following criteria must be met. 5. SPECIAL MENTION – Criticized Credit constitutes an undue and unwarranted credit risk but not to the point of justifying a classification of substandard. The credit risk may be relatively minor yet constitute an unwarranted risk in light of the circumstances surrounding a specific loan: • Downward trend in sales, profit levels, and margins. • Impaired working capital position. • Cash flow is strained in order to meet debt repayment. • Loan delinquency ( 30 - 60 days) and overdrafts may occur. • Shrinking equity cushion. • Diminishing primary source of repayment and questionable secondary source. • Management abilities are questionable. • Weak industry conditions. • Litigation pending against the borrower. • Collateral or guaranty offers limited protection. • Negative debt service coverage, however the credit is well collateralized and payments are current. 6. SUBSTANDARD – Classified Credit where the borrower’s current net worth, paying capacity, and value of the collateral pledged is inadequate. There is a distinct possibility that we will implement collection procedures if the loan deficiencies are not corrected. In addition, the following characteristics may apply: • Sustained losses have severely eroded the equity and cash flow. • Deteriorating liquidity. • Serious management problems or internal fraud. • Original repayment terms liberalized. • Likelihood of bankruptcy. • Inability to access other funding sources. • Reliance on secondary source of repayment. • Litigation filed against borrower. • Collateral provides little or no value. • Requires excessive attention of the loan officer. • Borrower is uncooperative with loan officer. 7. VULNERABLE – Classified Credit is considered “Substandard” and warrants placing on nonaccrual status. Risk of loss is being evaluated and exit strategy options are under review. Other characteristics that may apply: • Insufficient cash flow to service debt. • Minimal or no payments being received. • Limited options available to avoid the collection process. • Transition status, expect action will take place to collect loan without immediate progress being made. 8. DOUBTFUL – Workout Credit has all the weaknesses inherent in a “Substandard” loan with the added characteristic that collection and/or liquidation is pending. The possibility of a loss is extremely high, but its classification as a loss is deferred until liquidation procedures are completed, or reasonably estimable. Other characteristics that may apply: • Normal operations are severely diminished or have ceased. • Seriously impaired cash flow. • Original repayment terms materially altered. • Secondary source of repayment is inadequate. • Survivability as a “going concern” is impossible. • Collection process has begun. • Bankruptcy petition has been filed. • Judgments have been filed. • Portion of the loan balance has been charged-off . Our primary credit quality indicator for residential real estate and consumer loans is the individual loan’s past due aging. The following tables summarize the past due and current loans as of: June 30, 2017 Accruing Interest Total Past Due and Nonaccrual 30-59 60-89 90 Days Nonaccrual Current Total Commercial Commercial real estate $ 1,301 $ — $ 55 $ 17 $ 1,373 $ 441,027 $ 442,400 Commercial other 981 103 — — 1,084 137,186 138,270 Advances to mortgage brokers — — — — — 19,914 19,914 Total commercial 2,282 103 55 17 2,457 598,127 600,584 Agricultural Agricultural real estate 343 — 1,099 466 1,908 86,584 88,492 Agricultural other 29 — — 526 555 41,907 42,462 Total agricultural 372 — 1,099 992 2,463 128,491 130,954 Residential real estate Senior liens 1,033 426 49 460 1,968 221,433 223,401 Junior liens — — — 24 24 7,746 7,770 Home equity lines of credit 123 173 — 70 366 38,670 39,036 Total residential real estate 1,156 599 49 554 2,358 267,849 270,207 Consumer Secured 63 — — — 63 43,109 43,172 Unsecured 1 — — — 1 3,579 3,580 Total consumer 64 — — — 64 46,688 46,752 Total $ 3,874 $ 702 $ 1,203 $ 1,563 $ 7,342 $ 1,041,155 $ 1,048,497 December 31, 2016 Accruing Interest Total Past Due and Nonaccrual 30-59 60-89 90 Days Nonaccrual Current Total Commercial Commercial real estate $ 1,580 $ — $ 35 $ 4 $ 1,619 $ 422,762 $ 424,381 Commercial other 1,693 35 — — 1,728 129,867 131,595 Advances to mortgage brokers — — — — — 19,688 19,688 Total commercial 3,273 35 35 4 3,347 572,317 575,664 Agricultural Agricultural real estate 191 — 508 — 699 83,138 83,837 Agricultural other 19 — — 533 552 42,103 42,655 Total agricultural 210 — 508 533 1,251 125,241 126,492 Residential real estate Senior liens 1,638 174 22 498 2,332 216,681 219,013 Junior liens 15 — — 25 40 8,317 8,357 Home equity lines of credit 270 6 68 — 344 38,336 38,680 Total residential real estate 1,923 180 90 523 2,716 263,334 266,050 Consumer Secured 110 — — — 110 38,582 38,692 Unsecured 5 — — — 5 3,712 3,717 Total consumer 115 — — — 115 42,294 42,409 Total $ 5,521 $ 215 $ 633 $ 1,060 $ 7,429 $ 1,003,186 $ 1,010,615 Impaired Loans Loans may be classified as impaired if they meet one or more of the following criteria: 1. There has been a charge-off of its principal balance (in whole or in part); 2. The loan has been classified as a TDR ; or 3. The loan is in nonaccrual status. Impairment is measured on a loan-by-loan basis for commercial and agricultural loans by comparing the loan’s outstanding balance to the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral, less cost to sell, if the loan is collateral dependent. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Impairment is measured on a loan-by-loan basis for residential real estate and consumer loans by comparing the loan’s unpaid principal balance to the present value of expected future cash flows discounted at the loan’s effective interest rate. We do not recognize interest income on impaired loans in nonaccrual status. For impaired loans not classified as nonaccrual , interest income is recognized daily, as earned, according to the terms of the loan agreement and the principal amount outstanding. The following is a summary of information pertaining to impaired loans as of: June 30, 2017 December 31, 2016 Recorded Balance Unpaid Principal Balance Valuation Allowance Recorded Balance Unpaid Principal Balance Valuation Allowance Impaired loans with a valuation allowance Commercial real estate $ 5,063 $ 5,183 $ 733 $ 5,811 $ 5,992 $ 716 Commercial other 1,099 1,099 50 1,358 1,358 25 Agricultural real estate — — — — — — Agricultural other — — — 134 134 1 Residential real estate senior liens 8,393 8,977 1,649 8,464 9,049 1,615 Residential real estate junior liens 76 76 15 72 82 14 Home equity lines of credit 70 70 8 — — — Consumer secured — — — — — — Total impaired loans with a valuation allowance 14,701 15,405 2,455 15,839 16,615 2,371 Impaired loans without a valuation allowance Commercial real estate 1,104 1,191 604 617 Commercial other 96 96 86 97 Agricultural real estate 7,826 7,826 4,037 4,037 Agricultural other 3,299 3,299 1,374 1,374 Home equity lines of credit 89 389 102 402 Consumer secured 20 20 26 26 Total impaired loans without a valuation allowance 12,434 12,821 6,229 6,553 Impaired loans Commercial 7,362 7,569 783 7,859 8,064 741 Agricultural 11,125 11,125 — 5,545 5,545 1 Residential real estate 8,628 9,512 1,672 8,638 9,533 1,629 Consumer 20 20 — 26 26 — Total impaired loans $ 27,135 $ 28,226 $ 2,455 $ 22,068 $ 23,168 $ 2,371 The following is a summary of information pertaining to impaired loans for the: Three Months Ended June 30 2017 2016 Average Recorded Balance Interest Income Recognized Average Recorded Balance Interest Income Recognized Impaired loans with a valuation allowance Commercial real estate $ 4,641 $ 84 $ 5,793 $ 85 Commercial other 1,146 23 95 2 Agricultural real estate — — 91 2 Agricultural other — — — — Residential real estate senior liens 8,385 83 9,508 93 Residential real estate junior liens 77 1 134 1 Home equity lines of credit 35 — — — Consumer secured — — — — Total impaired loans with a valuation allowance 14,284 191 15,621 183 Impaired loans without a valuation allowance Commercial real estate 1,576 19 814 28 Commercial other 119 2 77 2 Agricultural real estate 5,937 58 3,454 43 Agricultural other 2,401 33 603 10 Home equity lines of credit 126 5 118 4 Consumer secured 22 — 33 1 Total impaired loans without a valuation allowance 10,181 117 5,099 88 Impaired loans Commercial 7,482 128 6,779 117 Agricultural 8,338 91 4,148 55 Residential real estate 8,623 89 9,760 98 Consumer 22 — 33 1 Total impaired loans $ 24,465 $ 308 $ 20,720 $ 271 Six Months Ended June 30 2017 2016 Average Recorded Balance Interest Income Recognized Average Recorded Balance Interest Income Recognized Impaired loans with a valuation allowance Commercial real estate $ 4,825 $ 157 $ 5,773 $ 169 Commercial other 1,211 47 74 3 Agricultural real estate — — 46 2 Agricultural other 34 — 84 — Residential real estate senior liens 8,403 166 9,711 193 Residential real estate junior liens 76 1 137 2 Home equity lines of credit 18 — — — Consumer secured — — — — Total impaired loans with a valuation allowance 14,567 371 15,825 369 Impaired loans without a valuation allowance Commercial real estate 1,451 52 1,139 47 Commercial other 117 4 104 4 Agricultural real estate 4,990 120 3,501 88 Agricultural other 1,920 46 477 16 Home equity lines of credit 129 10 121 8 Consumer secured 23 — 34 2 Total impaired loans without a valuation allowance 8,630 232 5,376 165 Impaired loans Commercial 7,604 260 7,090 223 Agricultural 6,944 166 4,108 106 Residential real estate 8,626 177 9,969 203 Consumer 23 — 34 2 Total impaired loans $ 23,197 $ 603 $ 21,201 $ 534 We had committed to advance $124 and $117 in connection with impaired loans, which include TDRs , as of June 30, 2017 and December 31, 2016 , respectively. Troubled Debt Restructurings Loan modifications are considered to be TDRs when the modification includes terms outside of normal lending practices to a borrower who is experiencing financial difficulties. Typical concessions granted include, but are not limited to: • Agreeing to interest rates below prevailing market rates for debt with similar risk characteristics. • Extending the amortization period beyond typical lending guidelines for loans with similar risk characteristics. • Forgiving principal. • Forgiving accrued interest. To determine if a borrower is experiencing financial difficulties, factors we consider include: • The borrower is currently in default on any of their debt. • The borrower would likely default on any of their debt if the concession was not granted. • The borrower’s cash flow was insufficient to service all of their debt if the concession was not granted. • The borrower has declared, or is in the process of declaring, bankruptcy. • The borrower is unlikely to continue as a going concern (if the entity is a business). The following is a summary of information pertaining to TDRs granted for the: Three Months Ended June 30 2017 2016 Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Commercial other 1 $ 86 $ 86 — $ — $ — Agricultural other 7 5,445 5,445 3 201 201 Residential real estate Senior liens 3 255 255 — — — Junior liens — — — — — — Total residential real estate 3 255 255 — — — Consumer unsecured — — — — — — Total 11 $ 5,786 $ 5,786 3 $ 201 $ 201 Six Months Ended June 30 2017 2016 Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Commercial other 3 $ 313 $ 313 — $ — $ — Agricultural other 7 5,445 5,445 3 201 201 Residential real estate Senior liens 3 255 255 2 26 26 Junior liens 1 8 8 — — — Total residential real estate 4 263 263 2 26 26 Consumer unsecured — — — 1 2 2 Total 14 $ 6,021 $ 6,021 6 $ 229 $ 229 The following tables summarize concessions we granted to borrowers in financial difficulty for the: Three Months Ended June 30 2017 2016 Below Market Interest Rate Below Market Interest Rate and Extension of Amortization Period Below Market Interest Rate Below Market Interest Rate and Extension of Amortization Period Number of Loans Pre-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Commercial other — $ — 1 $ 86 — $ — — $ — Agricultural other 4 1,349 3 4,096 — — 3 201 Residential real estate Senior liens — — 3 255 — — — — Junior liens — — — — — — — — Total residential real estate — — 3 255 — — — — Consumer unsecured — — — — — — — — Total 4 $ 1,349 7 $ 4,437 — $ — 3 $ 201 Six Months Ended June 30 2017 2016 Below Market Interest Rate Below Market Interest Rate and Extension of Amortization Period Below Market Interest Rate Below Market Interest Rate and Extension of Amortization Period Number of Loans Pre-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Commercial other — $ — 3 $ 313 — $ — — $ — Agricultural other 4 1,349 3 4,096 — — 3 201 Residential real estate Senior liens — — 3 255 2 26 — — Junior liens 1 8 — — — — — — Total residential real estate 1 8 3 255 2 26 — — Consumer unsecured — — — — — — 1 2 Total 5 $ 1,357 9 $ 4,664 2 $ 26 4 $ 203 We did not restructure any loans by forgiving principal or accrued interest in the three and six month periods ended June 30, 2017 or 2016 . Based on our historical loss experience, losses associated with TDRs are not significantly different than other impaired loans within the same loan segment. As such, TDRs , including TDRs that have been modified in the past 12 months that subsequently defaulted, are analyzed in the same manner as other impaired loans within their respective loan segment. We had no loans that defaulted in the three and six month periods ended June 30, 2017 and June 30, 2016 which were modified within 12 months prior to the default date. The following is a summary of TDR loan balances as of: June 30, 2017 December 31, 2016 TDRs $ 26,341 $ 21,382 |
Equity Securities Without Readi
Equity Securities Without Readily Determinable Fair Values | 6 Months Ended |
Jun. 30, 2017 | |
Equity Method And Other Investments [Abstract] | |
Equity Securities Without Readily Determinable Fair Values | Equity Securities Without Readily Determinable Fair Values Included in equity securities without readily determinable fair values are restricted securities, which are carried at cost, and investments in unconsolidated entities accounted for under the equity method of accounting. Equity securities without readily determinable fair values consist of the following as of: June 30 December 31 FHLB Stock $ 13,700 $ 11,900 Corporate Settlement Solutions, LLC 7,368 7,461 FRB Stock 1,999 1,999 Other 334 334 Total $ 23,401 $ 21,694 |
Foreclosed Assets (Notes)
Foreclosed Assets (Notes) | 6 Months Ended |
Jun. 30, 2017 | |
Banking and Thrift [Abstract] | |
Foreclosed Assets | Foreclosed Assets Foreclosed assets are included in other assets in the consolidated balance sheets and consist of other real estate owned and repossessed assets. The following is a summary of foreclosed assets as of: June 30 December 31 Consumer mortgage loans collateralized by residential real estate foreclosed as a result of obtaining physical possession $ 16 $ 18 All other foreclosed assets 213 213 Total $ 229 $ 231 There were $411 and $18 of consumer mortgage loans collateralized by residential real estate in the process of foreclosure as of June 30, 2017 and December 31, 2016 . Below is a summary of changes in foreclosed assets during the: Three Months Ended June 30 2017 2016 Balance, April 1 $ 158 $ 276 Properties transferred 98 27 Impairments — — Proceeds from sale (27 ) (54 ) Balance, June 30 $ 229 $ 249 Six Months Ended June 30 2017 2016 Balance, January 1 $ 231 $ 421 Properties transferred 124 116 Impairments (28 ) — Proceeds from sale (98 ) (288 ) Balance, June 30 $ 229 $ 249 |
Borrowed Funds
Borrowed Funds | 6 Months Ended |
Jun. 30, 2017 | |
Debt Disclosure [Abstract] | |
Borrowed Funds | Borrowed Funds Borrowed funds consist of the following obligations as of: June 30, 2017 December 31, 2016 Amount Rate Amount Rate FHLB advances $ 310,000 1.81 % $ 270,000 1.82 % Securities sold under agreements to repurchase without stated maturity dates 49,950 0.13 % 60,894 0.13 % Federal funds purchased 990 1.39 % 6,800 1.00 % Total $ 360,940 1.57 % $ 337,694 1.50 % FHLB advances are collateralized by a blanket lien on all qualified 1-4 family residential real estate loans, specific AFS securities, and FHLB stock. The following table lists the maturities and weighted average interest rates of FHLB advances as of: June 30, 2017 December 31, 2016 Amount Rate Amount Rate Fixed rate due 2017 $ 65,000 1.28 % $ 70,000 1.39 % Fixed rate due 2018 50,000 2.16 % 50,000 2.16 % Fixed rate due 2019 70,000 1.93 % 60,000 1.99 % Fixed rate due 2020 35,000 1.52 % 10,000 1.98 % Fixed rate due 2021 50,000 1.91 % 50,000 1.91 % Variable rate due 2021 1 10,000 1.48 % 10,000 1.21 % Fixed rate due 2022 10,000 2.07 % — — % Fixed rate due 2023 10,000 3.90 % 10,000 3.90 % Fixed rate due 2026 10,000 1.17 % 10,000 1.17 % Total $ 310,000 1.81 % $ 270,000 1.82 % (1) Hedged advance (see " Derivative Instruments " section below) Securities sold under agreements to repurchase are classified as secured borrowings and are reflected at the amount of cash received in connection with the transaction. The securities underlying the agreements have a carrying value and a fair value of $49,969 and $60,918 at June 30, 2017 and December 31, 2016 , respectively. Such securities remain under our control. We may be required to provide additional collateral based on the fair value of underlying securities. Securities sold under repurchase agreements without stated maturity dates, federal funds purchased, and FRB Discount Window advances generally mature within one to four days from the transaction date. The following table provides a summary of securities sold under repurchase agreements without stated maturity dates, federal funds purchased, and FRB Discount Window advances. Three Months Ended June 30 2017 2016 Maximum Month End Balance Average Balance Weighted Average Interest Rate During the Period Maximum Month End Balance Average Balance Weighted Average Interest Rate During the Period Securities sold under agreements to repurchase without stated maturity dates $ 55,731 $ 53,841 0.13 % $ 57,032 $ 56,010 0.13 % Federal funds purchased 5,965 7,496 1.13 % 11,800 12,294 0.69 % FRB Discount Window — 88 1.48 % — — — % Six Months Ended June 30 2017 2016 Maximum Month End Balance Average Balance Weighted Average Interest Rate During the Period Maximum Month End Balance Average Balance Weighted Average Interest Rate During the Period Securities sold under agreements to repurchase without stated maturity dates $ 61,131 $ 55,663 0.13 % $ 61,783 $ 58,531 0.13 % Federal funds purchased 27,300 4,197 1.11 % 11,800 8,495 0.69 % FRB Discount Window — 44 1.48 % — — — % We had pledged AFS securities and 1-4 family residential real estate loans in the following amounts at: June 30 December 31 Pledged to secure borrowed funds $ 418,917 $ 363,427 Pledged to secure repurchase agreements 49,969 60,918 Pledged for public deposits and for other purposes necessary or required by law 31,429 33,916 Total $ 500,315 $ 458,261 AFS securities pledged to repurchase agreements without stated maturity dates consisted of the following at: June 30 December 31 States and political subdivisions $ 2,784 $ 5,676 Mortgage-backed securities 14,813 11,383 Collateralized mortgage obligations 32,372 43,859 Total $ 49,969 $ 60,918 AFS securities pledged to repurchase agreements are monitored to ensure the appropriate level is collateralized. In the event of maturities, calls, significant principal repayments, or significant decline in market values, we have adequate levels of AFS securities to pledge to satisfy required collateral. As of June 30, 2017 , we had the ability to borrow up to an additional $119,462 , based on assets pledged as collateral. We had no investment securities that are restricted to be pledged for specific purposes. Derivative Instruments We enter into interest rate swaps to manage exposure to interest rate risk and variability in cash flows. The interest rate swaps, associated with our variable rate borrowings, are designated upon inception as cash flow hedges of forecasted interest payments. We enter into LIBOR-based interest rate swaps that involve the receipt of variable amounts in exchange for fixed rate payments, in effect converting variable rate debt to fixed rate debt. Cash flow hedges are assessed for effectiveness using regression analysis. The effective portion of changes in fair value are recorded in OCI and subsequently reclassified into interest expense in the same period in which the related interest on the variable rate borrowings affects earnings. In the event that a portion of the changes in fair value were determined to be ineffective, the ineffective amount would be recorded in earnings. The following tables provide information on derivatives related to variable rate borrowings as of: June 30, 2017 Pay Rate Receive Rate Remaining Life (Years) Notional Amount Balance Sheet Location Fair Value Derivatives designated as hedging instruments Cash Flow Hedges: Interest rate swaps 1.56 % 3-Month LIBOR 3.8 $ 10,000 Other Assets $ 204 December 31, 2016 Pay Rate Receive Rate Remaining Life (Years) Notional Amount Balance Sheet Location Fair Value Derivatives designated as hedging instruments Cash Flow Hedges: Interest rate swaps 1.56 % 3-Month LIBOR 4.3 $ 10,000 Other Assets $ 248 Derivatives contain an element of credit risk which arises from the possibility that we will incur a loss as a result of a counterparty failing to meet its contractual obligations. Credit risk is minimized through counterparty collateral, transaction limits and monitoring procedures. We also manage dealer credit risk by entering into interest rate derivatives only with primary and highly rated counterparties, the use of ISDA master agreements and counterparties limits. We do not anticipate any losses from failure of interest rate derivative counterparties to honor their obligations. |
Other Noninterest Expenses
Other Noninterest Expenses | 6 Months Ended |
Jun. 30, 2017 | |
Other Income and Expenses [Abstract] | |
Other Noninterest Expenses | Other Noninterest Expenses A summary of expenses included in other noninterest expenses is as follows for the: Three Months Ended Six Months Ended 2017 2016 2017 2016 ATM and debit card fees $ 404 $ 228 $ 620 $ 417 Audit and related fees 237 186 435 345 Director fees 213 214 422 423 Consulting fees 208 196 413 369 Loan underwriting fees 192 127 309 235 FDIC insurance premiums 155 217 308 422 Donations and community relations 168 146 298 265 Postage and freight 110 91 219 197 Printing and supplies 103 129 210 220 Marketing costs 100 103 189 258 Education and travel 93 125 189 236 All other 524 644 989 1,206 Total other $ 2,507 $ 2,406 $ 4,601 $ 4,593 |
Federal Income Taxes
Federal Income Taxes | 6 Months Ended |
Jun. 30, 2017 | |
Income Tax Disclosure [Abstract] | |
Federal Income Taxes | Federal Income Taxes The reconciliation of the provision for federal income taxes and the amount computed at the federal statutory tax rate of 34% of income before federal income tax expense is as follows for the: Three Months Ended Six Months Ended 2017 2016 2017 2016 Income taxes at 34% statutory rate $ 1,612 $ 1,381 $ 2,859 $ 2,555 Effect of nontaxable income Interest income on tax exempt municipal securities (454 ) (465 ) (909 ) (943 ) Earnings on corporate owned life insurance policies (62 ) (66 ) (123 ) (130 ) Effect of tax credits (191 ) (193 ) (380 ) (387 ) Other (18 ) (18 ) (36 ) (36 ) Total effect of nontaxable income (725 ) (742 ) (1,448 ) (1,496 ) Effect of nondeductible expenses 11 16 19 33 Federal income tax expense $ 898 $ 655 $ 1,430 $ 1,092 |
Fair Value
Fair Value | 6 Months Ended |
Jun. 30, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value | Fair Value Following is a description of the valuation methodologies, key inputs, and an indication of the level of the fair value hierarchy in which the assets or liabilities are classified. Cash and cash equivalents : The carrying amounts of cash and demand deposits due from banks and interest bearing balances due from banks approximate fair values. As such, we classify cash and cash equivalents as Level 1. AFS securities : AFS securities are recorded at fair value on a recurring basis. Level 1 fair value measurement is based upon quoted prices for identical instruments. Level 2 fair value measurement is based upon quoted prices for similar instruments. If quoted prices are not available, fair values are measured using independent pricing models or other model based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss and liquidity assumptions. The values for Level 1 and Level 2 investment securities are generally obtained from an independent third party. On a quarterly basis, we compare the values provided to alternative pricing sources. Mortgage loans AFS : Mortgage loans AFS are carried at the lower of cost or fair value. The fair value of mortgage loans AFS are based on the price secondary markets are currently offering for portfolios with similar characteristics. As such, we classify mortgage loans AFS subject to nonrecurring fair value adjustments as Level 2. Loans : For variable rate loans with no significant change in credit risk, fair values are based on carrying values. Fair values for fixed rate loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. The resulting amounts are adjusted to estimate the effect of changes in the credit quality of borrowers since the loans were originated. As such, we classify loans as Level 3 assets. We do not record loans at fair value on a recurring basis. However, from time-to-time , loans are classified as impaired and a specific allowance for loan losses may be established. Loans for which it is probable that payment of interest and principal will be significantly different than the contractual terms of the original loan agreement are considered impaired. Once a loan is identified as impaired, we measure the estimated impairment. The fair value of impaired loans is estimated using one of several methods, including the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral, less cost to sell, if the loan is collateral dependent. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans. We review the net realizable values of the underlying collateral for collateral dependent impaired loans on at least a quarterly basis for all loan types. To determine the collateral value, we utilize independent appraisals, broker price opinions, or internal evaluations. We review these valuations to determine whether an additional discount should be applied given the age of market information that may have been considered as well as other factors such as costs to sell an asset if it is determined that the collateral will be liquidated in connection with the ultimate settlement of the loan. We use these valuations to determine if any specific reserves or charge-offs are necessary. We may obtain new valuations in certain circumstances, including when there has been significant deterioration in the condition of the collateral, if the foreclosure process has begun, or if the existing valuation is deemed to be outdated. The following tables list the quantitative fair value information about impaired loans as of: June 30, 2017 Valuation Technique Fair Value Unobservable Input Range Discount applied to collateral: Real Estate 20% - 30% Equipment 20% - 45% Discounted value $15,117 Cash crop inventory 30% - 40% Liquor license 75% Furniture, fixtures & equipment 40% - 45% December 31, 2016 Valuation Technique Fair Value Unobservable Input Range Discount applied to collateral: Real Estate 20% - 30% Equipment 20% - 45% Discounted value $9,166 Cash crop inventory 30% - 40% Liquor license 75% Furniture, fixtures & equipment 45% Discount factors with ranges are based on the age of the independent appraisal, broker price opinion, or internal evaluation. Accrued interest receivable : The carrying amounts of accrued interest receivable approximate fair value. As such, we classify accrued interest receivable as Level 1. Equity securities without readily determinable fair values : Included in equity securities without readily determinable fair values are FHLB stock and FRB stock as well as our minority ownership interest in Corporate Settlement Solutions, LLC . The investment in Corporate Settlement Solutions, LLC , a title insurance agency, was made in the first quarter 2008 and we account for our investment under the equity method of accounting. The lack of an active market, or other independent sources to validate fair value estimates coupled with the impact of future capital calls and transfer restrictions, is an inherent limitation in the valuation process. As the fair values of these investments are not readily determinable, they are not disclosed under a specific fair value hierarchy; however, they are reviewed quarterly for impairment. If we were to record an impairment adjustment related to these securities, it would be classified as a nonrecurring Level 3 fair value adjustment. During 2017 and 2016 , there were no impairments recorded on equity securities without readily determinable fair values. Foreclosed assets : Upon transfer from the loan portfolio, foreclosed assets (which are included in other assets) are adjusted to and subsequently carried at the lower of carrying value or fair value less costs to sell. Net realizable value is based upon independent market prices, appraised values of the collateral, or management’s estimation of the value of the collateral. Due to the inherent level of estimation in the valuation process, we classify foreclosed assets as nonrecurring Level 3. The table below lists the quantitative fair value information related to foreclosed assets as of: June 30, 2017 Valuation Technique Fair Value Unobservable Input Range Discount applied to collateral: Discounted value $ 229 Real Estate 20% - 30% December 31, 2016 Valuation Technique Fair Value Unobservable Input Range Discount applied to collateral: Discounted value $ 231 Real Estate 20% - 30% Discount factors with ranges are based on the age of the independent appraisal, broker price opinion, or internal evaluations. Goodwill and other intangible assets : Acquisition intangibles and goodwill are evaluated for potential impairment on at least an annual basis. Acquisition intangibles and goodwill are typically qualitatively evaluated to determine if it is more likely than not that the carrying balance is impaired. If it is determined that the carrying balance of acquisition intangibles or goodwill is more likely than not to be impaired, we perform a cash flow valuation to determine the extent of the potential impairment. If the testing resulted in impairment, we would classify goodwill and other acquisition intangibles subjected to nonrecurring fair value adjustments as Level 3. During 2017 and 2016 , there were no impairments recorded on goodwill and other acquisition intangibles. OMSR : OMSR (which are included in other assets) are subject to impairment testing. To test for impairment, we utilize a discounted cash flow analysis using interest rates and prepayment speed assumptions currently quoted for comparable instruments and discount rates. If the valuation model reflects a value less than the carrying value, OMSR are adjusted to fair value through a valuation allowance as determined by the model. As such, we classify OMSR subject to nonrecurring fair value adjustments as Level 2. Deposits : The fair value of demand, savings, and money market deposits are equal to their carrying amounts and are classified as Level 1. Fair values for variable rate certificates of deposit approximate their carrying value. Fair values for fixed rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits. As such, fixed rate certificates of deposit are classified as Level 2. Borrowed funds : The carrying amounts of federal funds purchased, borrowings under overnight repurchase agreements, and other short-term borrowings maturing within ninety days approximate their fair values. The fair values of other borrowed funds are estimated using discounted cash flow analyses based on current incremental borrowing arrangements. As such, borrowed funds are classified as Level 2. Accrued interest payable: The carrying amounts of accrued interest payable approximate fair value. As such, we classify accrued interest payable as Level 1. Derivative instruments: Derivative instruments, consisting solely of interest rate swaps, are recorded at fair value on a recurring basis. Derivatives qualifying as cash flow hedges, when highly effective, are reported at fair value in other assets or other liabilities on our Consolidated Balance Sheets with changes in value recorded in OCI. Should the hedge no longer be considered effective, the ineffective portion of the change in fair value is recorded directly in earnings in the period in which the change occurs. The fair value of a derivative is determined by quoted market prices and model based valuation techniques. As such, we classify derivative instruments as Level 2. Commitments to extend credit, standby letters of credit, and undisbursed loans: Our commitments to extend credit, standby letters of credit, and undisbursed funds have no carrying amount and are estimated to have no realizable fair value. Historically, a majority of the unused commitments to extend credit have not been drawn upon and, generally, we do not receive fees in connection with these commitments other than standby letter of credit fees, which are not significant. The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Although we believe our valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement. Estimated Fair Values of Financial Instruments Not Recorded at Fair Value in their Entirety on a Recurring Basis Disclosure of the estimated fair values of financial instruments, which differ from carrying values, often requires the use of estimates. In cases where quoted market values in an active market are not available, we use present value techniques and other valuation methods to estimate the fair values of our financial instruments. These valuation methods require considerable judgment and the resulting estimates of fair value can be significantly affected by the assumptions made and methods used. The carrying amount and estimated fair value of financial instruments not recorded at fair value in their entirety on a recurring basis were as follows as of: June 30, 2017 Carrying Estimated (Level 1) (Level 2) (Level 3) ASSETS Cash and cash equivalents $ 21,834 $ 21,834 $ 21,834 $ — $ — Mortgage loans AFS 1,482 1,493 — 1,493 — Gross loans 1,048,497 1,029,290 — — 1,029,290 Less allowance for loan and lease losses 7,600 7,600 — — 7,600 Net loans 1,040,897 1,021,690 — — 1,021,690 Accrued interest receivable 5,686 5,686 5,686 — — Equity securities without readily determinable fair values (1) 23,401 N/A — — — OMSR 2,490 2,499 — 2,499 — LIABILITIES Deposits without stated maturities 780,243 780,243 780,243 — — Deposits with stated maturities 429,909 427,877 — 427,877 — Borrowed funds 360,940 361,076 — 361,076 — Accrued interest payable 561 561 561 — — December 31, 2016 Carrying Estimated (Level 1) (Level 2) (Level 3) ASSETS Cash and cash equivalents $ 22,894 $ 22,894 $ 22,894 $ — $ — Mortgage loans AFS 1,816 1,836 — 1,836 — Gross loans 1,010,615 991,009 — — 991,009 Less allowance for loan and lease losses 7,400 7,400 — — 7,400 Net loans 1,003,215 983,609 — — 983,609 Accrued interest receivable 6,580 6,580 6,580 — — Equity securities without readily determinable fair values (1) 21,694 N/A — — — OMSR 2,306 2,306 — 2,306 — LIABILITIES Deposits without stated maturities 761,626 761,626 761,626 — — Deposits with stated maturities 433,414 430,088 — 430,088 — Borrowed funds 337,694 336,975 — 336,975 — Accrued interest payable 574 574 574 — — (1) Due to the characteristics of equity securities without readily determinable fair values, they are not disclosed under a specific fair value hierarchy. If we were to record an impairment adjustment related to these securities, such amount would be classified as a nonrecurring Level 3 fair value adjustment. Financial Instruments Recorded at Fair Value The table below presents the recorded amount of assets and liabilities measured at fair value on: June 30, 2017 December 31, 2016 Total (Level 1) (Level 2) (Level 3) Total (Level 1) (Level 2) (Level 3) Recurring items AFS securities Government-sponsored enterprises $ 281 $ — $ 281 $ — $ 10,259 $ — $ 10,259 $ — States and political subdivisions 222,093 — 222,093 — 212,919 — 212,919 — Auction rate money market preferred 3,095 — 3,095 — 2,794 — 2,794 — Preferred stocks 3,665 3,665 — — 3,425 3,425 — — Mortgage-backed securities 221,957 — 221,957 — 227,256 — 227,256 — Collateralized mortgage obligations 116,771 — 116,771 — 101,443 — 101,443 — Total AFS securities 567,862 3,665 564,197 — 558,096 3,425 554,671 — Derivative instruments 204 — 204 — 248 — 248 — Nonrecurring items Impaired loans (net of the ALLL) 15,117 — — 15,117 9,166 — — 9,166 Foreclosed assets 229 — — 229 231 — — 231 Total $ 583,412 $ 3,665 $ 564,401 $ 15,346 $ 567,741 $ 3,425 $ 554,919 $ 9,397 Percent of assets and liabilities measured at fair value 0.63 % 96.74 % 2.63 % 0.60 % 97.74 % 1.66 % We had no assets or liabilities recorded at fair value with changes in fair value recognized through earnings, on a recurring basis, as of June 30, 2017 . Foreclosed assets, which are recorded at fair value with changes in fair value recognized through earnings on a nonrecurring basis, were written down to $229 as of June 30, 2017 which resulted in an impairment recorded through earnings in the amount of $28 for the six month period ended June 30, 2017 . We had no other assets or liabilities recorded at fair value with changes in fair value recognized through earnings, on a nonrecurring basis, as of June 30, 2017 . |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income (Loss) | 6 Months Ended |
Jun. 30, 2017 | |
Equity [Abstract] | |
Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Income The following table summarizes the changes in AOCI by component for the: Three Months Ended June 30 2017 2016 Unrealized Unrealized Defined Total Unrealized Unrealized Defined Total Balance, April 1 $ 1,257 $ 175 $ (2,972 ) $ (1,540 ) $ 8,333 $ — $ (3,315 ) $ 5,018 OCI before reclassifications 2,570 (61 ) — 2,509 4,067 (152 ) — 3,915 Amounts reclassified from AOCI (142 ) — — (142 ) (245 ) — — (245 ) Subtotal 2,428 (61 ) — 2,367 3,822 (152 ) — 3,670 Tax effect (762 ) 21 — (741 ) (1,173 ) 52 — (1,121 ) OCI, net of tax 1,666 (40 ) — 1,626 2,649 (100 ) — 2,549 Balance, June 30 $ 2,923 $ 135 $ (2,972 ) $ 86 $ 10,982 $ (100 ) $ (3,315 ) $ 7,567 Six Months Ended June 30 2017 2016 Unrealized Unrealized Defined Total Unrealized Unrealized Defined Total Balance, January 1 $ 30 $ 164 $ (2,972 ) $ (2,778 ) $ 3,536 $ — $ (3,315 ) $ 221 OCI before reclassifications 4,247 (44 ) — 4,203 11,341 (152 ) — 11,189 Amounts reclassified from AOCI (142 ) — — (142 ) (245 ) — — (245 ) Subtotal 4,105 (44 ) — 4,061 11,096 (152 ) — 10,944 Tax effect (1,212 ) 15 — (1,197 ) (3,650 ) 52 — (3,598 ) OCI, net of tax 2,893 (29 ) — 2,864 7,446 (100 ) — 7,346 Balance, June 30 $ 2,923 $ 135 $ (2,972 ) $ 86 $ 10,982 $ (100 ) $ (3,315 ) $ 7,567 Included in OCI for the three and six month periods ended June 30, 2017 and 2016 are changes in unrealized holding gains and losses related to auction rate money market preferred and preferred stocks. For federal income tax purposes, these securities are considered equity investments. As such, no deferred federal income taxes related to unrealized holding gains or losses are expected or recorded. A summary of the components of unrealized holding gains on AFS securities included in OCI follows for the: Three Months Ended June 30 2017 2016 Auction Rate Money Market Preferred and Preferred Stocks All Other AFS Securities Total Auction Rate Money Market Preferred and Preferred Stocks All Other AFS Securities Total Unrealized gains (losses) arising during the period $ 186 $ 2,384 $ 2,570 $ 372 $ 3,695 $ 4,067 Reclassification adjustment for net realized (gains) losses included in net income — (142 ) (142 ) — (245 ) (245 ) Net unrealized gains (losses) 186 2,242 2,428 372 3,450 3,822 Tax effect — (762 ) (762 ) — (1,173 ) (1,173 ) Unrealized gains (losses), net of tax $ 186 $ 1,480 $ 1,666 $ 372 $ 2,277 $ 2,649 Six Months Ended June 30 2017 2016 Auction Rate Money Market Preferred and Preferred Stocks All Other AFS Securities Total Auction Rate Money Market Preferred and Preferred Stocks All Other AFS Securities Total Unrealized gains (losses) arising during the period $ 541 $ 3,706 $ 4,247 $ 360 $ 10,981 $ 11,341 Reclassification adjustment for net realized (gains) losses included in net income — (142 ) (142 ) — (245 ) (245 ) Net unrealized gains (losses) 541 3,564 4,105 360 10,736 11,096 Tax effect — (1,212 ) (1,212 ) — (3,650 ) (3,650 ) Unrealized gains (losses), net of tax $ 541 $ 2,352 $ 2,893 $ 360 $ 7,086 $ 7,446 |
Parent Company Only Financial I
Parent Company Only Financial Information | 6 Months Ended |
Jun. 30, 2017 | |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |
Parent Company Only Financial Information | Parent Company Only Financial Information Interim Condensed Balance Sheets June 30 December 31 ASSETS Cash on deposit at the Bank $ 1,144 $ 1,297 AFS securities — 251 Investments in subsidiaries 145,128 138,549 Premises and equipment 1,940 1,991 Other assets 52,673 52,846 TOTAL ASSETS $ 200,885 $ 194,934 LIABILITIES AND SHAREHOLDERS’ EQUITY Other liabilities $ 5,815 $ 7,035 Shareholders' equity 195,070 187,899 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 200,885 $ 194,934 Interim Condensed Statements of Income Three Months Ended Six Months Ended 2017 2016 2017 2016 Income Dividends from subsidiaries $ 2,600 $ 2,000 $ 4,300 $ 3,600 Interest income — 4 2 8 Management fee and other 1,691 1,758 3,241 3,282 Total income 4,291 3,762 7,543 6,890 Expenses Compensation and benefits 1,118 1,184 2,490 2,384 Occupancy and equipment 432 413 876 843 Audit and related fees 140 100 264 196 Other 634 588 1,175 1,134 Total expenses 2,324 2,285 4,805 4,557 Income before income tax benefit and equity in undistributed earnings of subsidiaries 1,967 1,477 2,738 2,333 Federal income tax benefit 212 171 528 417 Income before equity in undistributed earnings of subsidiaries 2,179 1,648 3,266 2,750 Undistributed earnings of subsidiaries 1,665 1,759 3,714 3,674 Net income $ 3,844 $ 3,407 $ 6,980 $ 6,424 Interim Condensed Statements of Cash Flows Six Months Ended 2017 2016 Operating activities Net income $ 6,980 $ 6,424 Adjustments to reconcile net income to cash provided by operations Undistributed earnings of subsidiaries (3,714 ) (3,674 ) Undistributed earnings of equity securities without readily determinable fair values 93 (141 ) Share-based payment awards under equity compensation plan 302 273 Depreciation 77 81 Changes in operating assets and liabilities which provided (used) cash Other assets 80 108 Accrued interest and other liabilities (1,219 ) (1,692 ) Net cash provided by (used in) operating activities 2,599 1,379 Investing activities Maturities, calls, principal payments, and sales of AFS securities 249 — Purchases of premises and equipment (26 ) (69 ) Net cash provided by (used in) investing activities 223 (69 ) Financing activities Cash dividends paid on common stock (3,920 ) (3,744 ) Proceeds from the issuance of common stock 3,764 2,489 Common stock repurchased (2,622 ) (1,462 ) Common stock purchased for deferred compensation obligations (197 ) (164 ) Net cash provided by (used in) financing activities (2,975 ) (2,881 ) Increase (decrease) in cash and cash equivalents (153 ) (1,571 ) Cash and cash equivalents at beginning of period 1,297 4,125 Cash and cash equivalents at end of period $ 1,144 $ 2,554 |
Operating Segments
Operating Segments | 6 Months Ended |
Jun. 30, 2017 | |
Segment Reporting [Abstract] | |
Operating Segments | Operating Segments Our reportable segments are based on legal entities that account for at least 10% of net operating results. The operations of the Bank as of June 30, 2017 and 2016 and each of the three and six month periods then ended, represent approximately 90% or more of our consolidated total assets and operating results. As such, no additional segment reporting is presented. |
Basis of Presentation (Policies
Basis of Presentation (Policies) | 6 Months Ended |
Jun. 30, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Consolidation | As used in these notes, as well as in Management's Discussion and Analysis of Financial Condition and Results of Operations , references to “Isabella,” the “Corporation”, “we,” “our,” “us,” and similar terms refer to the consolidated entity consisting of Isabella Bank Corporation and its subsidiaries. Isabella Bank Corporation refers solely to the parent holding company, and Isabella Bank or the “Bank” refer to Isabella Bank Corporation ’s subsidiary, Isabella Bank . |
Basis of Accounting | The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In our opinion, all adjustments considered necessary for a fair presentation have been included. Operating results for the three and six month periods ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017 . For further information, refer to our Annual Report on Form 10-K for the year ended December 31, 2016 . |
Earnings Per Share | Basic earnings per common share represents income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued relate solely to outstanding shares in the Directors Plan . |
Available-for-sale Securities | As of June 30, 2017 and December 31, 2016 , we conducted an analysis to determine whether any AFS securities currently in an unrealized loss position should be other-than-temporarily impaired. Such analyses considered, among other factors, the following criteria: • Has the value of the investment declined more than what is deemed to be reasonable based on a risk and maturity adjusted discount rate? • Is the investment credit rating below investment grade? • Is it probable the issuer will be unable to pay the amount when due? • Is it more likely than not that we will have to sell the security before recovery of its cost basis? • Has the duration of the investment been extended? |
Nonaccrual Loan Status | The accrual of interest on commercial, agricultural, and residential real estate loans is discontinued at the time the loan is 90 days or more past due unless the credit is well-secured and in the process of collection. Upon transferring the loans to nonaccrual status, we perform an evaluation to determine the net realizable value of the underlying collateral. This evaluation is used to help determine if any charge-offs are necessary. Consumer loans are typically charged-off no later than 180 days past due. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal or interest is considered doubtful. For loans that are placed on nonaccrual status or charged-off , all interest accrued in the current calendar year, but not collected, is reversed against interest income while interest accrued in prior calendar years, but not collected, is charged against the ALLL . Loans may be returned to accrual status after six months of continuous performance. |
Loans Receivable | Loans that we have the intent and ability to hold in our portfolio are reported at their outstanding principal balance adjusted for any charge-offs , the ALLL , and any deferred fees or costs. Interest income is accrued over the term of the loan based on the principal amount outstanding. Loan origination fees and certain direct loan origination costs are capitalized and recognized as a component of interest income over the term of the loan using the level yield method. Commercial and agricultural loans include loans for commercial real estate, commercial operating loans, advances to mortgage brokers, farmland and agricultural production, and states and political subdivisions. Repayment of these loans is dependent upon the successful operation and management of a business. We minimize our risk by limiting the amount of direct credit exposure to any one borrower to $15,000 . Borrowers with direct credit needs of more than $15,000 are serviced through the use of loan participations with other commercial banks. Commercial and agricultural real estate loans commonly require loan-to-value limits of 80% or less. Depending upon the type of loan, past credit history, and current operating results, we may require the borrower to pledge accounts receivable, inventory, and property and equipment. Personal guarantees are generally required from the owners of closely held corporations, partnerships, and sole proprietorships. In addition, we require annual financial statements, prepare cash flow analyses, and review credit reports. We entered into a mortgage purchase program in 2016 with a financial institution where we participate in advances to mortgage brokers ("advances"). The mortgage brokers originate residential mortgage loans with the intent to sell them on the secondary market. We participate in the advance to the mortgage broker, which is secured by the underlying mortgage loan, until it is ultimately sold on the secondary market. As such, the average life of each participated advance is approximately 20 - 30 days. Funds from the sale of the loan are used to payoff our participation in the advance to the mortgage broker. We classify these advances as commercial loans and include the outstanding balance in commercial loans on our balance sheet. Under the participation agreement, we committed to a maximum outstanding aggregate amount of $30,000 . The difference between our outstanding balances and the maximum outstanding aggregate amount is classified as “ Unfunded commitments under lines of credit ” in the “ Contractual Obligations and Loan Commitments ” section of the Management's Discussion and Analysis of Financial Condition and Results of Operations of this report. We offer adjustable rate mortgages, construction loans, and fixed rate residential real estate loans which have amortization periods up to a maximum of 30 years. We consider the anticipated direction of interest rates, balance sheet duration, the sensitivity of our balance sheet to changes in interest rates, and overall loan demand to determine whether or not to sell fixed rate loans to Freddie Mac . Our lending policies generally limit the maximum loan-to-value ratio on residential real estate loans to 97% of the lower of the appraised value of the property or the purchase price, with the condition that private mortgage insurance is required on loans with loan-to-value ratios in excess of 80% . Underwriting criteria for originated residential real estate loans include: • Evaluation of the borrower’s ability to make monthly payments. • Evaluation of the value of the property securing the loan. • Ensuring the payment of principal, interest, taxes, and hazard insurance does not exceed 28% of a borrower’s gross income. • Ensuring all debt servicing does not exceed 36% of income. • Verification of acceptable credit reports. • Verification of employment, income, and financial information. Appraisals are performed by independent appraisers and reviewed for appropriateness. All originated mortgage loan requests are reviewed by our mortgage loan committee or through a secondary market underwriting system; loans in excess of $500 require the approval of our Internal Loan Committee, the Executive Loan Committee, the Board of Directors’ Loan Committee, or the Board of Directors. Consumer loans include secured and unsecured personal loans. Loans are amortized for a period of up to 12 years based on the age and value of the underlying collateral. The underwriting emphasis is on a borrower’s perceived intent and ability to pay rather than collateral value. No consumer loans are sold to the secondary market. |
Allowance for Loan Losses | The ALLL is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the ALLL when we believe the uncollectability of the loan balance is confirmed. Subsequent recoveries, if any, are credited to the ALLL . The appropriateness of the ALLL is evaluated on a quarterly basis and is based upon a periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The primary factors behind the determination of the level of the ALLL are specific allocations for impaired loans, historical loss percentages, as well as unallocated components. Specific allocations for impaired loans are primarily determined based on the difference between the loan’s outstanding balance and the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral, less cost to sell. Historical loss allocations are calculated at the loan class and segment levels based on a migration analysis of the loan portfolio, with the exception of advances to mortgage brokers, over the preceding five years. With no historical losses on advances to mortgage brokers, there is no allocation in the commercial segment displayed in the following tables based on historical loss factors. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. |
Internal Credit Risk Ratings | Internally assigned credit risk ratings are reviewed, at a minimum, when loans are renewed or when management has knowledge of improvements or deterioration of the credit quality of individual credits. Descriptions of the internally assigned credit risk ratings for commercial and agricultural loans are as follows: 1. EXCELLENT – Substantially Risk Free Credit has strong financial condition and solid earnings history, characterized by: • High liquidity, strong cash flow, low leverage. • Unquestioned ability to meet all obligations when due. • Experienced management, with management succession in place. • Secured by cash. 2. HIGH QUALITY – Limited Risk Credit with sound financial condition and a positive trend in earnings supplemented by: • Favorable liquidity and leverage ratios. • Ability to meet all obligations when due. • Management with successful track record. • Steady and satisfactory earnings history. • If loan is secured, collateral is of high quality and readily marketable. • Access to alternative financing. • Well defined primary and secondary source of repayment. • If supported by guaranty, the financial strength and liquidity of the guarantor(s) are clearly evident. 3. HIGH SATISFACTORY – Reasonable Risk Credit with satisfactory financial condition and further characterized by: • Working capital adequate to support operations. • Cash flow sufficient to pay debts as scheduled. • Management experience and depth appear favorable. • Loan performing according to terms. • If loan is secured, collateral is acceptable and loan is fully protected. 4. LOW SATISFACTORY – Acceptable Risk Credit with bankable risks, although some signs of weaknesses are shown: • Would include most start-up businesses. • Occasional instances of trade slowness or repayment delinquency – may have been 10 - 30 days slow within the past year. • Management’s abilities are apparent, yet unproven. • Weakness in primary source of repayment with adequate secondary source of repayment. • Loan structure generally in accordance with policy. • If secured, loan collateral coverage is marginal. • Adequate cash flow to service debt, but coverage is low. To be classified as less than satisfactory, only one of the following criteria must be met. 5. SPECIAL MENTION – Criticized Credit constitutes an undue and unwarranted credit risk but not to the point of justifying a classification of substandard. The credit risk may be relatively minor yet constitute an unwarranted risk in light of the circumstances surrounding a specific loan: • Downward trend in sales, profit levels, and margins. • Impaired working capital position. • Cash flow is strained in order to meet debt repayment. • Loan delinquency ( 30 - 60 days) and overdrafts may occur. • Shrinking equity cushion. • Diminishing primary source of repayment and questionable secondary source. • Management abilities are questionable. • Weak industry conditions. • Litigation pending against the borrower. • Collateral or guaranty offers limited protection. • Negative debt service coverage, however the credit is well collateralized and payments are current. 6. SUBSTANDARD – Classified Credit where the borrower’s current net worth, paying capacity, and value of the collateral pledged is inadequate. There is a distinct possibility that we will implement collection procedures if the loan deficiencies are not corrected. In addition, the following characteristics may apply: • Sustained losses have severely eroded the equity and cash flow. • Deteriorating liquidity. • Serious management problems or internal fraud. • Original repayment terms liberalized. • Likelihood of bankruptcy. • Inability to access other funding sources. • Reliance on secondary source of repayment. • Litigation filed against borrower. • Collateral provides little or no value. • Requires excessive attention of the loan officer. • Borrower is uncooperative with loan officer. 7. VULNERABLE – Classified Credit is considered “Substandard” and warrants placing on nonaccrual status. Risk of loss is being evaluated and exit strategy options are under review. Other characteristics that may apply: • Insufficient cash flow to service debt. • Minimal or no payments being received. • Limited options available to avoid the collection process. • Transition status, expect action will take place to collect loan without immediate progress being made. 8. DOUBTFUL – Workout Credit has all the weaknesses inherent in a “Substandard” loan with the added characteristic that collection and/or liquidation is pending. The possibility of a loss is extremely high, but its classification as a loss is deferred until liquidation procedures are completed, or reasonably estimable. Other characteristics that may apply: • Normal operations are severely diminished or have ceased. • Seriously impaired cash flow. • Original repayment terms materially altered. • Secondary source of repayment is inadequate. • Survivability as a “going concern” is impossible. • Collection process has begun. • Bankruptcy petition has been filed. • Judgments have been filed. • Portion of the loan balance has been charged-off . |
Impaired Loans | Loans may be classified as impaired if they meet one or more of the following criteria: 1. There has been a charge-off of its principal balance (in whole or in part); 2. The loan has been classified as a TDR ; or 3. The loan is in nonaccrual status. Impairment is measured on a loan-by-loan basis for commercial and agricultural loans by comparing the loan’s outstanding balance to the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral, less cost to sell, if the loan is collateral dependent. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Impairment is measured on a loan-by-loan basis for residential real estate and consumer loans by comparing the loan’s unpaid principal balance to the present value of expected future cash flows discounted at the loan’s effective interest rate. We do not recognize interest income on impaired loans in nonaccrual status. For impaired loans not classified as nonaccrual , interest income is recognized daily, as earned, according to the terms of the loan agreement and the principal amount outstanding. |
Troubled Debt Restructurings | Loan modifications are considered to be TDRs when the modification includes terms outside of normal lending practices to a borrower who is experiencing financial difficulties. Typical concessions granted include, but are not limited to: • Agreeing to interest rates below prevailing market rates for debt with similar risk characteristics. • Extending the amortization period beyond typical lending guidelines for loans with similar risk characteristics. • Forgiving principal. • Forgiving accrued interest. To determine if a borrower is experiencing financial difficulties, factors we consider include: • The borrower is currently in default on any of their debt. • The borrower would likely default on any of their debt if the concession was not granted. • The borrower’s cash flow was insufficient to service all of their debt if the concession was not granted. • The borrower has declared, or is in the process of declaring, bankruptcy. • The borrower is unlikely to continue as a going concern (if the entity is a business). |
Derivative Instruments | The interest rate swaps, associated with our variable rate borrowings, are designated upon inception as cash flow hedges of forecasted interest payments. We enter into LIBOR-based interest rate swaps that involve the receipt of variable amounts in exchange for fixed rate payments, in effect converting variable rate debt to fixed rate debt. Cash flow hedges are assessed for effectiveness using regression analysis. The effective portion of changes in fair value are recorded in OCI and subsequently reclassified into interest expense in the same period in which the related interest on the variable rate borrowings affects earnings. In the event that a portion of the changes in fair value were determined to be ineffective, the ineffective amount would be recorded in earnings. |
Computation of Earnings Per C24
Computation of Earnings Per Common Share (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Earnings Per Share [Abstract] | |
Computation of earnings per common share | Three Months Ended Six Months Ended 2017 2016 2017 2016 Average number of common shares outstanding for basic calculation 7,841,822 7,819,080 7,834,523 7,807,187 Average potential effect of common shares in the Directors Plan (1) 190,528 183,842 191,028 184,152 Average number of common shares outstanding used to calculate diluted earnings per common share 8,032,350 8,002,922 8,025,551 7,991,339 Net income $ 3,844 $ 3,407 $ 6,980 $ 6,424 Earnings per common share Basic $ 0.49 $ 0.44 $ 0.89 $ 0.82 Diluted $ 0.48 $ 0.43 $ 0.87 $ 0.80 (1) Exclusive of shares held in the Rabbi Trust |
AFS Securities (Tables)
AFS Securities (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
Amortized cost and fair value of available-for-sale securities | The amortized cost and fair value of AFS securities , with gross unrealized gains and losses, are as follows at: June 30, 2017 Amortized Gross Gross Fair Government sponsored enterprises $ 280 $ 1 $ — $ 281 States and political subdivisions 215,999 6,121 27 222,093 Auction rate money market preferred 3,200 — 105 3,095 Preferred stocks 3,800 — 135 3,665 Mortgage-backed securities 223,225 701 1,969 221,957 Collateralized mortgage obligations 116,805 705 739 116,771 Total $ 563,309 $ 7,528 $ 2,975 $ 567,862 December 31, 2016 Amortized Gross Gross Fair Government sponsored enterprises $ 10,258 $ 3 $ 2 $ 10,259 States and political subdivisions 208,977 4,262 320 212,919 Auction rate money market preferred 3,200 — 406 2,794 Preferred stocks 3,800 — 375 3,425 Mortgage-backed securities 229,593 581 2,918 227,256 Collateralized mortgage obligations 101,820 600 977 101,443 Total $ 557,648 $ 5,446 $ 4,998 $ 558,096 |
Amortized cost and fair value of available-for-sale securities by contractual maturity | The amortized cost and fair value of AFS securities by contractual maturity at June 30, 2017 are as follows: Maturing Securities with Variable Monthly Payments or Noncontractual Maturities Due in After One After Five After Total Government sponsored enterprises $ 32 $ 248 $ — $ — $ — $ 280 States and political subdivisions 32,000 74,710 76,716 32,573 — 215,999 Auction rate money market preferred — — — — 3,200 3,200 Preferred stocks — — — — 3,800 3,800 Mortgage-backed securities — — — — 223,225 223,225 Collateralized mortgage obligations — — — — 116,805 116,805 Total amortized cost $ 32,032 $ 74,958 $ 76,716 $ 32,573 $ 347,030 $ 563,309 Fair value $ 32,105 $ 77,118 $ 79,668 $ 33,483 $ 345,488 $ 567,862 |
Summary of the activity related to sales of available-for-sale securities | A summary of the sales activity of AFS securities was as follows for the: Three Months Ended June 30 Six Months Ended June 30 2017 2016 2017 2016 Proceeds from sales of AFS securities $ 12,827 $ 35,664 $ 12,827 $ 35,664 Gross realized gains (losses) $ 142 $ 245 $ 142 $ 245 Applicable income tax expense (benefit) $ 48 $ 83 $ 48 $ 83 |
Available-for-sale securities with gross unrealized losses | The following information pertains to AFS securities with gross unrealized losses at June 30, 2017 and December 31, 2016 , aggregated by investment category and length of time that individual securities have been in a continuous loss position. June 30, 2017 Less Than Twelve Months Twelve Months or More Gross Fair Gross Fair Total Government sponsored enterprises $ — $ — $ — $ — $ — States and political subdivisions 25 4,049 2 263 27 Auction rate money market preferred — — 105 3,095 105 Preferred stocks — — 135 3,665 135 Mortgage-backed securities 1,969 126,883 — — 1,969 Collateralized mortgage obligations 444 36,057 295 10,413 739 Total $ 2,438 $ 166,989 $ 537 $ 17,436 $ 2,975 Number of securities in an unrealized loss position: 41 9 50 December 31, 2016 Less Than Twelve Months Twelve Months or More Gross Fair Gross Fair Total Government sponsored enterprises $ 2 $ 9,936 $ — $ — $ 2 States and political subdivisions 311 21,800 9 355 320 Auction rate money market preferred — — 406 2,794 406 Preferred stocks — — 375 3,425 375 Mortgage-backed securities 2,918 175,212 — — 2,918 Collateralized mortgage obligations 628 51,466 349 11,381 977 Total $ 3,859 $ 258,414 $ 1,139 $ 17,955 $ 4,998 Number of securities in an unrealized loss position: 104 9 113 |
Loans and ALLL (Tables)
Loans and ALLL (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Receivables [Abstract] | |
Summary of changes in the ALLL and the recorded investment in loans by segments | Allowance for Loan Losses Three Months Ended June 30, 2016 Commercial Agricultural Residential Real Estate Consumer Unallocated Total April 1, 2016 $ 2,421 $ 336 $ 3,130 $ 540 $ 1,073 $ 7,500 Charge-offs (32 ) — (128 ) (48 ) — (208 ) Recoveries 189 — 45 62 — 296 Provision for loan losses (459 ) 198 83 (13 ) 203 12 June 30, 2016 $ 2,119 $ 534 $ 3,130 $ 541 $ 1,276 $ 7,600 Allowance for Loan Losses Six Months Ended June 30, 2016 Commercial Agricultural Residential Real Estate Consumer Unallocated Total January 1, 2016 $ 2,171 $ 329 $ 3,330 $ 522 $ 1,048 $ 7,400 Charge-offs (48 ) — (369 ) (132 ) — (549 ) Recoveries 278 92 95 116 — 581 Provision for loan losses (282 ) 113 74 35 228 168 June 30, 2016 $ 2,119 $ 534 $ 3,130 $ 541 $ 1,276 $ 7,600 A summary of changes in the ALLL and the recorded investment in loans by segments follows: Allowance for Loan Losses Three Months Ended June 30, 2017 Commercial Agricultural Residential Real Estate Consumer Unallocated Total April 1, 2017 $ 1,771 $ 527 $ 3,098 $ 671 $ 1,433 $ 7,500 Charge-offs (25 ) — — (44 ) — (69 ) Recoveries 55 — 63 42 — 160 Provision for loan losses 177 (52 ) (563 ) (86 ) 533 9 June 30, 2017 $ 1,978 $ 475 $ 2,598 $ 583 $ 1,966 $ 7,600 Allowance for Loan Losses Six Months Ended June 30, 2017 Commercial Agricultural Residential Real Estate Consumer Unallocated Total January 1, 2017 $ 1,814 $ 884 $ 2,664 $ 624 $ 1,414 $ 7,400 Charge-offs (52 ) — (43 ) (118 ) — (213 ) Recoveries 188 — 99 90 — 377 Provision for loan losses 28 (409 ) (122 ) (13 ) 552 36 June 30, 2017 $ 1,978 $ 475 $ 2,598 $ 583 $ 1,966 $ 7,600 |
Allowance for Loan Losses and Recorded Investment in Loans | Allowance for Loan Losses and Recorded Investment in Loans December 31, 2016 Commercial Agricultural Residential Real Estate Consumer Unallocated Total ALLL Individually evaluated for impairment $ 741 $ 1 $ 1,629 $ — $ — $ 2,371 Collectively evaluated for impairment 1,073 883 1,035 624 1,414 5,029 Total $ 1,814 $ 884 $ 2,664 $ 624 $ 1,414 $ 7,400 Loans Individually evaluated for impairment $ 7,859 $ 5,545 $ 8,638 $ 26 $ 22,068 Collectively evaluated for impairment 567,805 120,947 257,412 42,383 988,547 Total $ 575,664 $ 126,492 $ 266,050 $ 42,409 $ 1,010,615 Allowance for Loan Losses and Recorded Investment in Loans June 30, 2017 Commercial Agricultural Residential Real Estate Consumer Unallocated Total ALLL Individually evaluated for impairment $ 783 $ — $ 1,672 $ — $ — $ 2,455 Collectively evaluated for impairment 1,195 475 926 583 1,966 5,145 Total $ 1,978 $ 475 $ 2,598 $ 583 $ 1,966 $ 7,600 Loans Individually evaluated for impairment $ 7,362 $ 11,125 $ 8,628 $ 20 $ 27,135 Collectively evaluated for impairment 593,222 119,829 261,579 46,732 1,021,362 Total $ 600,584 $ 130,954 $ 270,207 $ 46,752 $ 1,048,497 |
Credit quality indicators for commercial and agricultural credit exposures | The following table displays the credit quality indicators for commercial and agricultural credit exposures based on internally assigned credit risk ratings as of: June 30, 2017 Commercial Agricultural Real Estate Other Advances to Mortgage Brokers Total Real Estate Other Total Total Rating 1 - Excellent $ 26 $ 232 $ — $ 258 $ — $ — $ — $ 258 2 - High quality 7,479 15,878 — 23,357 3,088 1,006 4,094 27,451 3 - High satisfactory 103,672 45,853 19,914 169,439 21,435 9,306 30,741 200,180 4 - Low satisfactory 320,610 71,958 — 392,568 48,109 20,740 68,849 461,417 5 - Special mention 4,253 1,899 — 6,152 11,015 9,054 20,069 26,221 6 - Substandard 6,343 2,450 — 8,793 4,379 1,830 6,209 15,002 7 - Vulnerable 17 — — 17 466 526 992 1,009 8 - Doubtful — — — — — — — — Total $ 442,400 $ 138,270 $ 19,914 $ 600,584 $ 88,492 $ 42,462 $ 130,954 $ 731,538 December 31, 2016 Commercial Agricultural Real Estate Other Advances to Mortgage Brokers Total Real Estate Other Total Total Rating 1 - Excellent $ 28 $ 438 $ — $ 466 $ — $ — $ — $ 466 2 - High quality 11,821 12,091 19,688 43,600 3,566 1,426 4,992 48,592 3 - High satisfactory 103,529 41,982 — 145,511 21,657 11,388 33,045 178,556 4 - Low satisfactory 299,317 74,432 — 373,749 48,955 22,715 71,670 445,419 5 - Special mention 3,781 1,178 — 4,959 6,009 3,085 9,094 14,053 6 - Substandard 5,901 1,474 — 7,375 3,650 3,508 7,158 14,533 7 - Vulnerable 4 — — 4 — 533 533 537 8 - Doubtful — — — — — — — — Total $ 424,381 $ 131,595 $ 19,688 $ 575,664 $ 83,837 $ 42,655 $ 126,492 $ 702,156 |
Summary of past due and current loans | The following tables summarize the past due and current loans as of: June 30, 2017 Accruing Interest Total Past Due and Nonaccrual 30-59 60-89 90 Days Nonaccrual Current Total Commercial Commercial real estate $ 1,301 $ — $ 55 $ 17 $ 1,373 $ 441,027 $ 442,400 Commercial other 981 103 — — 1,084 137,186 138,270 Advances to mortgage brokers — — — — — 19,914 19,914 Total commercial 2,282 103 55 17 2,457 598,127 600,584 Agricultural Agricultural real estate 343 — 1,099 466 1,908 86,584 88,492 Agricultural other 29 — — 526 555 41,907 42,462 Total agricultural 372 — 1,099 992 2,463 128,491 130,954 Residential real estate Senior liens 1,033 426 49 460 1,968 221,433 223,401 Junior liens — — — 24 24 7,746 7,770 Home equity lines of credit 123 173 — 70 366 38,670 39,036 Total residential real estate 1,156 599 49 554 2,358 267,849 270,207 Consumer Secured 63 — — — 63 43,109 43,172 Unsecured 1 — — — 1 3,579 3,580 Total consumer 64 — — — 64 46,688 46,752 Total $ 3,874 $ 702 $ 1,203 $ 1,563 $ 7,342 $ 1,041,155 $ 1,048,497 December 31, 2016 Accruing Interest Total Past Due and Nonaccrual 30-59 60-89 90 Days Nonaccrual Current Total Commercial Commercial real estate $ 1,580 $ — $ 35 $ 4 $ 1,619 $ 422,762 $ 424,381 Commercial other 1,693 35 — — 1,728 129,867 131,595 Advances to mortgage brokers — — — — — 19,688 19,688 Total commercial 3,273 35 35 4 3,347 572,317 575,664 Agricultural Agricultural real estate 191 — 508 — 699 83,138 83,837 Agricultural other 19 — — 533 552 42,103 42,655 Total agricultural 210 — 508 533 1,251 125,241 126,492 Residential real estate Senior liens 1,638 174 22 498 2,332 216,681 219,013 Junior liens 15 — — 25 40 8,317 8,357 Home equity lines of credit 270 6 68 — 344 38,336 38,680 Total residential real estate 1,923 180 90 523 2,716 263,334 266,050 Consumer Secured 110 — — — 110 38,582 38,692 Unsecured 5 — — — 5 3,712 3,717 Total consumer 115 — — — 115 42,294 42,409 Total $ 5,521 $ 215 $ 633 $ 1,060 $ 7,429 $ 1,003,186 $ 1,010,615 |
Information pertaining to impaired loans | The following is a summary of information pertaining to impaired loans as of: June 30, 2017 December 31, 2016 Recorded Balance Unpaid Principal Balance Valuation Allowance Recorded Balance Unpaid Principal Balance Valuation Allowance Impaired loans with a valuation allowance Commercial real estate $ 5,063 $ 5,183 $ 733 $ 5,811 $ 5,992 $ 716 Commercial other 1,099 1,099 50 1,358 1,358 25 Agricultural real estate — — — — — — Agricultural other — — — 134 134 1 Residential real estate senior liens 8,393 8,977 1,649 8,464 9,049 1,615 Residential real estate junior liens 76 76 15 72 82 14 Home equity lines of credit 70 70 8 — — — Consumer secured — — — — — — Total impaired loans with a valuation allowance 14,701 15,405 2,455 15,839 16,615 2,371 Impaired loans without a valuation allowance Commercial real estate 1,104 1,191 604 617 Commercial other 96 96 86 97 Agricultural real estate 7,826 7,826 4,037 4,037 Agricultural other 3,299 3,299 1,374 1,374 Home equity lines of credit 89 389 102 402 Consumer secured 20 20 26 26 Total impaired loans without a valuation allowance 12,434 12,821 6,229 6,553 Impaired loans Commercial 7,362 7,569 783 7,859 8,064 741 Agricultural 11,125 11,125 — 5,545 5,545 1 Residential real estate 8,628 9,512 1,672 8,638 9,533 1,629 Consumer 20 20 — 26 26 — Total impaired loans $ 27,135 $ 28,226 $ 2,455 $ 22,068 $ 23,168 $ 2,371 The following is a summary of information pertaining to impaired loans for the: Three Months Ended June 30 2017 2016 Average Recorded Balance Interest Income Recognized Average Recorded Balance Interest Income Recognized Impaired loans with a valuation allowance Commercial real estate $ 4,641 $ 84 $ 5,793 $ 85 Commercial other 1,146 23 95 2 Agricultural real estate — — 91 2 Agricultural other — — — — Residential real estate senior liens 8,385 83 9,508 93 Residential real estate junior liens 77 1 134 1 Home equity lines of credit 35 — — — Consumer secured — — — — Total impaired loans with a valuation allowance 14,284 191 15,621 183 Impaired loans without a valuation allowance Commercial real estate 1,576 19 814 28 Commercial other 119 2 77 2 Agricultural real estate 5,937 58 3,454 43 Agricultural other 2,401 33 603 10 Home equity lines of credit 126 5 118 4 Consumer secured 22 — 33 1 Total impaired loans without a valuation allowance 10,181 117 5,099 88 Impaired loans Commercial 7,482 128 6,779 117 Agricultural 8,338 91 4,148 55 Residential real estate 8,623 89 9,760 98 Consumer 22 — 33 1 Total impaired loans $ 24,465 $ 308 $ 20,720 $ 271 Six Months Ended June 30 2017 2016 Average Recorded Balance Interest Income Recognized Average Recorded Balance Interest Income Recognized Impaired loans with a valuation allowance Commercial real estate $ 4,825 $ 157 $ 5,773 $ 169 Commercial other 1,211 47 74 3 Agricultural real estate — — 46 2 Agricultural other 34 — 84 — Residential real estate senior liens 8,403 166 9,711 193 Residential real estate junior liens 76 1 137 2 Home equity lines of credit 18 — — — Consumer secured — — — — Total impaired loans with a valuation allowance 14,567 371 15,825 369 Impaired loans without a valuation allowance Commercial real estate 1,451 52 1,139 47 Commercial other 117 4 104 4 Agricultural real estate 4,990 120 3,501 88 Agricultural other 1,920 46 477 16 Home equity lines of credit 129 10 121 8 Consumer secured 23 — 34 2 Total impaired loans without a valuation allowance 8,630 232 5,376 165 Impaired loans Commercial 7,604 260 7,090 223 Agricultural 6,944 166 4,108 106 Residential real estate 8,626 177 9,969 203 Consumer 23 — 34 2 Total impaired loans $ 23,197 $ 603 $ 21,201 $ 534 |
Information pertaining to TDR's | The following is a summary of information pertaining to TDRs granted for the: Three Months Ended June 30 2017 2016 Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Commercial other 1 $ 86 $ 86 — $ — $ — Agricultural other 7 5,445 5,445 3 201 201 Residential real estate Senior liens 3 255 255 — — — Junior liens — — — — — — Total residential real estate 3 255 255 — — — Consumer unsecured — — — — — — Total 11 $ 5,786 $ 5,786 3 $ 201 $ 201 Six Months Ended June 30 2017 2016 Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Post-Modification Recorded Investment Commercial other 3 $ 313 $ 313 — $ — $ — Agricultural other 7 5,445 5,445 3 201 201 Residential real estate Senior liens 3 255 255 2 26 26 Junior liens 1 8 8 — — — Total residential real estate 4 263 263 2 26 26 Consumer unsecured — — — 1 2 2 Total 14 $ 6,021 $ 6,021 6 $ 229 $ 229 The following tables summarize concessions we granted to borrowers in financial difficulty for the: Three Months Ended June 30 2017 2016 Below Market Interest Rate Below Market Interest Rate and Extension of Amortization Period Below Market Interest Rate Below Market Interest Rate and Extension of Amortization Period Number of Loans Pre-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Commercial other — $ — 1 $ 86 — $ — — $ — Agricultural other 4 1,349 3 4,096 — — 3 201 Residential real estate Senior liens — — 3 255 — — — — Junior liens — — — — — — — — Total residential real estate — — 3 255 — — — — Consumer unsecured — — — — — — — — Total 4 $ 1,349 7 $ 4,437 — $ — 3 $ 201 Six Months Ended June 30 2017 2016 Below Market Interest Rate Below Market Interest Rate and Extension of Amortization Period Below Market Interest Rate Below Market Interest Rate and Extension of Amortization Period Number of Loans Pre-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Number of Loans Pre-Modification Recorded Investment Commercial other — $ — 3 $ 313 — $ — — $ — Agricultural other 4 1,349 3 4,096 — — 3 201 Residential real estate Senior liens — — 3 255 2 26 — — Junior liens 1 8 — — — — — — Total residential real estate 1 8 3 255 2 26 — — Consumer unsecured — — — — — — 1 2 Total 5 $ 1,357 9 $ 4,664 2 $ 26 4 $ 203 The following is a summary of TDR loan balances as of: June 30, 2017 December 31, 2016 TDRs $ 26,341 $ 21,382 |
Equity Securities Without Rea27
Equity Securities Without Readily Determinable Fair Values (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Equity Method And Other Investments [Abstract] | |
Schedule of equity method and other investments | Equity securities without readily determinable fair values consist of the following as of: June 30 December 31 FHLB Stock $ 13,700 $ 11,900 Corporate Settlement Solutions, LLC 7,368 7,461 FRB Stock 1,999 1,999 Other 334 334 Total $ 23,401 $ 21,694 |
Foreclosed Assets (Tables)
Foreclosed Assets (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Banking and Thrift [Abstract] | |
Schedule of Foreclosed Assets [Table Text Block] | Foreclosed assets are included in other assets in the consolidated balance sheets and consist of other real estate owned and repossessed assets. The following is a summary of foreclosed assets as of: June 30 December 31 Consumer mortgage loans collateralized by residential real estate foreclosed as a result of obtaining physical possession $ 16 $ 18 All other foreclosed assets 213 213 Total $ 229 $ 231 There were $411 and $18 of consumer mortgage loans collateralized by residential real estate in the process of foreclosure as of June 30, 2017 and December 31, 2016 . Below is a summary of changes in foreclosed assets during the: Three Months Ended June 30 2017 2016 Balance, April 1 $ 158 $ 276 Properties transferred 98 27 Impairments — — Proceeds from sale (27 ) (54 ) Balance, June 30 $ 229 $ 249 Six Months Ended June 30 2017 2016 Balance, January 1 $ 231 $ 421 Properties transferred 124 116 Impairments (28 ) — Proceeds from sale (98 ) (288 ) Balance, June 30 $ 229 $ 249 |
Borrowed Funds (Tables)
Borrowed Funds (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Debt Disclosure [Abstract] | |
Summary of borrowed funds | Borrowed funds consist of the following obligations as of: June 30, 2017 December 31, 2016 Amount Rate Amount Rate FHLB advances $ 310,000 1.81 % $ 270,000 1.82 % Securities sold under agreements to repurchase without stated maturity dates 49,950 0.13 % 60,894 0.13 % Federal funds purchased 990 1.39 % 6,800 1.00 % Total $ 360,940 1.57 % $ 337,694 1.50 % |
Federal Home Loan Bank, Advances | The following table lists the maturities and weighted average interest rates of FHLB advances as of: June 30, 2017 December 31, 2016 Amount Rate Amount Rate Fixed rate due 2017 $ 65,000 1.28 % $ 70,000 1.39 % Fixed rate due 2018 50,000 2.16 % 50,000 2.16 % Fixed rate due 2019 70,000 1.93 % 60,000 1.99 % Fixed rate due 2020 35,000 1.52 % 10,000 1.98 % Fixed rate due 2021 50,000 1.91 % 50,000 1.91 % Variable rate due 2021 1 10,000 1.48 % 10,000 1.21 % Fixed rate due 2022 10,000 2.07 % — — % Fixed rate due 2023 10,000 3.90 % 10,000 3.90 % Fixed rate due 2026 10,000 1.17 % 10,000 1.17 % Total $ 310,000 1.81 % $ 270,000 1.82 % (1) Hedged advance (see " Derivative Instruments " section below) |
Summary of short term borrowings | The following table provides a summary of securities sold under repurchase agreements without stated maturity dates, federal funds purchased, and FRB Discount Window advances. Three Months Ended June 30 2017 2016 Maximum Month End Balance Average Balance Weighted Average Interest Rate During the Period Maximum Month End Balance Average Balance Weighted Average Interest Rate During the Period Securities sold under agreements to repurchase without stated maturity dates $ 55,731 $ 53,841 0.13 % $ 57,032 $ 56,010 0.13 % Federal funds purchased 5,965 7,496 1.13 % 11,800 12,294 0.69 % FRB Discount Window — 88 1.48 % — — — % Six Months Ended June 30 2017 2016 Maximum Month End Balance Average Balance Weighted Average Interest Rate During the Period Maximum Month End Balance Average Balance Weighted Average Interest Rate During the Period Securities sold under agreements to repurchase without stated maturity dates $ 61,131 $ 55,663 0.13 % $ 61,783 $ 58,531 0.13 % Federal funds purchased 27,300 4,197 1.11 % 11,800 8,495 0.69 % FRB Discount Window — 44 1.48 % — — — % |
Summary of pledged financial instruments | We had pledged AFS securities and 1-4 family residential real estate loans in the following amounts at: June 30 December 31 Pledged to secure borrowed funds $ 418,917 $ 363,427 Pledged to secure repurchase agreements 49,969 60,918 Pledged for public deposits and for other purposes necessary or required by law 31,429 33,916 Total $ 500,315 $ 458,261 AFS securities pledged to repurchase agreements without stated maturity dates consisted of the following at: June 30 December 31 States and political subdivisions $ 2,784 $ 5,676 Mortgage-backed securities 14,813 11,383 Collateralized mortgage obligations 32,372 43,859 Total $ 49,969 $ 60,918 |
Schedule of derivative instruments | The following tables provide information on derivatives related to variable rate borrowings as of: June 30, 2017 Pay Rate Receive Rate Remaining Life (Years) Notional Amount Balance Sheet Location Fair Value Derivatives designated as hedging instruments Cash Flow Hedges: Interest rate swaps 1.56 % 3-Month LIBOR 3.8 $ 10,000 Other Assets $ 204 December 31, 2016 Pay Rate Receive Rate Remaining Life (Years) Notional Amount Balance Sheet Location Fair Value Derivatives designated as hedging instruments Cash Flow Hedges: Interest rate swaps 1.56 % 3-Month LIBOR 4.3 $ 10,000 Other Assets $ 248 |
Other Noninterest Expenses (Tab
Other Noninterest Expenses (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Other Income and Expenses [Abstract] | |
Summary of expenses included in other noninterest expenses | A summary of expenses included in other noninterest expenses is as follows for the: Three Months Ended Six Months Ended 2017 2016 2017 2016 ATM and debit card fees $ 404 $ 228 $ 620 $ 417 Audit and related fees 237 186 435 345 Director fees 213 214 422 423 Consulting fees 208 196 413 369 Loan underwriting fees 192 127 309 235 FDIC insurance premiums 155 217 308 422 Donations and community relations 168 146 298 265 Postage and freight 110 91 219 197 Printing and supplies 103 129 210 220 Marketing costs 100 103 189 258 Education and travel 93 125 189 236 All other 524 644 989 1,206 Total other $ 2,507 $ 2,406 $ 4,601 $ 4,593 |
Federal Income Taxes (Tables)
Federal Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Income Tax Disclosure [Abstract] | |
Summary of federal income tax expense | The reconciliation of the provision for federal income taxes and the amount computed at the federal statutory tax rate of 34% of income before federal income tax expense is as follows for the: Three Months Ended Six Months Ended 2017 2016 2017 2016 Income taxes at 34% statutory rate $ 1,612 $ 1,381 $ 2,859 $ 2,555 Effect of nontaxable income Interest income on tax exempt municipal securities (454 ) (465 ) (909 ) (943 ) Earnings on corporate owned life insurance policies (62 ) (66 ) (123 ) (130 ) Effect of tax credits (191 ) (193 ) (380 ) (387 ) Other (18 ) (18 ) (36 ) (36 ) Total effect of nontaxable income (725 ) (742 ) (1,448 ) (1,496 ) Effect of nondeductible expenses 11 16 19 33 Federal income tax expense $ 898 $ 655 $ 1,430 $ 1,092 |
Fair Value (Tables)
Fair Value (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Fair Value Disclosures [Abstract] | |
Quantitative information about assets measured utilizing Level 3 fair value measurement | The table below lists the quantitative fair value information related to foreclosed assets as of: June 30, 2017 Valuation Technique Fair Value Unobservable Input Range Discount applied to collateral: Discounted value $ 229 Real Estate 20% - 30% December 31, 2016 Valuation Technique Fair Value Unobservable Input Range Discount applied to collateral: Discounted value $ 231 Real Estate 20% - 30% The following tables list the quantitative fair value information about impaired loans as of: June 30, 2017 Valuation Technique Fair Value Unobservable Input Range Discount applied to collateral: Real Estate 20% - 30% Equipment 20% - 45% Discounted value $15,117 Cash crop inventory 30% - 40% Liquor license 75% Furniture, fixtures & equipment 40% - 45% December 31, 2016 Valuation Technique Fair Value Unobservable Input Range Discount applied to collateral: Real Estate 20% - 30% Equipment 20% - 45% Discounted value $9,166 Cash crop inventory 30% - 40% Liquor license 75% Furniture, fixtures & equipment 45% |
Carrying amount and estimated fair value of financial instruments not recorded at fair value | The carrying amount and estimated fair value of financial instruments not recorded at fair value in their entirety on a recurring basis were as follows as of: June 30, 2017 Carrying Estimated (Level 1) (Level 2) (Level 3) ASSETS Cash and cash equivalents $ 21,834 $ 21,834 $ 21,834 $ — $ — Mortgage loans AFS 1,482 1,493 — 1,493 — Gross loans 1,048,497 1,029,290 — — 1,029,290 Less allowance for loan and lease losses 7,600 7,600 — — 7,600 Net loans 1,040,897 1,021,690 — — 1,021,690 Accrued interest receivable 5,686 5,686 5,686 — — Equity securities without readily determinable fair values (1) 23,401 N/A — — — OMSR 2,490 2,499 — 2,499 — LIABILITIES Deposits without stated maturities 780,243 780,243 780,243 — — Deposits with stated maturities 429,909 427,877 — 427,877 — Borrowed funds 360,940 361,076 — 361,076 — Accrued interest payable 561 561 561 — — December 31, 2016 Carrying Estimated (Level 1) (Level 2) (Level 3) ASSETS Cash and cash equivalents $ 22,894 $ 22,894 $ 22,894 $ — $ — Mortgage loans AFS 1,816 1,836 — 1,836 — Gross loans 1,010,615 991,009 — — 991,009 Less allowance for loan and lease losses 7,400 7,400 — — 7,400 Net loans 1,003,215 983,609 — — 983,609 Accrued interest receivable 6,580 6,580 6,580 — — Equity securities without readily determinable fair values (1) 21,694 N/A — — — OMSR 2,306 2,306 — 2,306 — LIABILITIES Deposits without stated maturities 761,626 761,626 761,626 — — Deposits with stated maturities 433,414 430,088 — 430,088 — Borrowed funds 337,694 336,975 — 336,975 — Accrued interest payable 574 574 574 — — (1) Due to the characteristics of equity securities without readily determinable fair values, they are not disclosed under a specific fair value hierarchy. If we were to record an impairment adjustment related to these securities, such amount would be classified as a nonrecurring Level 3 fair value adjustment. |
Assets and liabilities measured at fair value | The table below presents the recorded amount of assets and liabilities measured at fair value on: June 30, 2017 December 31, 2016 Total (Level 1) (Level 2) (Level 3) Total (Level 1) (Level 2) (Level 3) Recurring items AFS securities Government-sponsored enterprises $ 281 $ — $ 281 $ — $ 10,259 $ — $ 10,259 $ — States and political subdivisions 222,093 — 222,093 — 212,919 — 212,919 — Auction rate money market preferred 3,095 — 3,095 — 2,794 — 2,794 — Preferred stocks 3,665 3,665 — — 3,425 3,425 — — Mortgage-backed securities 221,957 — 221,957 — 227,256 — 227,256 — Collateralized mortgage obligations 116,771 — 116,771 — 101,443 — 101,443 — Total AFS securities 567,862 3,665 564,197 — 558,096 3,425 554,671 — Derivative instruments 204 — 204 — 248 — 248 — Nonrecurring items Impaired loans (net of the ALLL) 15,117 — — 15,117 9,166 — — 9,166 Foreclosed assets 229 — — 229 231 — — 231 Total $ 583,412 $ 3,665 $ 564,401 $ 15,346 $ 567,741 $ 3,425 $ 554,919 $ 9,397 Percent of assets and liabilities measured at fair value 0.63 % 96.74 % 2.63 % 0.60 % 97.74 % 1.66 % |
Accumulated Other Comprehensi33
Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Equity [Abstract] | |
Summary of the components of accumulated other comprehensive income | A summary of the components of unrealized holding gains on AFS securities included in OCI follows for the: Three Months Ended June 30 2017 2016 Auction Rate Money Market Preferred and Preferred Stocks All Other AFS Securities Total Auction Rate Money Market Preferred and Preferred Stocks All Other AFS Securities Total Unrealized gains (losses) arising during the period $ 186 $ 2,384 $ 2,570 $ 372 $ 3,695 $ 4,067 Reclassification adjustment for net realized (gains) losses included in net income — (142 ) (142 ) — (245 ) (245 ) Net unrealized gains (losses) 186 2,242 2,428 372 3,450 3,822 Tax effect — (762 ) (762 ) — (1,173 ) (1,173 ) Unrealized gains (losses), net of tax $ 186 $ 1,480 $ 1,666 $ 372 $ 2,277 $ 2,649 Six Months Ended June 30 2017 2016 Auction Rate Money Market Preferred and Preferred Stocks All Other AFS Securities Total Auction Rate Money Market Preferred and Preferred Stocks All Other AFS Securities Total Unrealized gains (losses) arising during the period $ 541 $ 3,706 $ 4,247 $ 360 $ 10,981 $ 11,341 Reclassification adjustment for net realized (gains) losses included in net income — (142 ) (142 ) — (245 ) (245 ) Net unrealized gains (losses) 541 3,564 4,105 360 10,736 11,096 Tax effect — (1,212 ) (1,212 ) — (3,650 ) (3,650 ) Unrealized gains (losses), net of tax $ 541 $ 2,352 $ 2,893 $ 360 $ 7,086 $ 7,446 The following table summarizes the changes in AOCI by component for the: Three Months Ended June 30 2017 2016 Unrealized Unrealized Defined Total Unrealized Unrealized Defined Total Balance, April 1 $ 1,257 $ 175 $ (2,972 ) $ (1,540 ) $ 8,333 $ — $ (3,315 ) $ 5,018 OCI before reclassifications 2,570 (61 ) — 2,509 4,067 (152 ) — 3,915 Amounts reclassified from AOCI (142 ) — — (142 ) (245 ) — — (245 ) Subtotal 2,428 (61 ) — 2,367 3,822 (152 ) — 3,670 Tax effect (762 ) 21 — (741 ) (1,173 ) 52 — (1,121 ) OCI, net of tax 1,666 (40 ) — 1,626 2,649 (100 ) — 2,549 Balance, June 30 $ 2,923 $ 135 $ (2,972 ) $ 86 $ 10,982 $ (100 ) $ (3,315 ) $ 7,567 Six Months Ended June 30 2017 2016 Unrealized Unrealized Defined Total Unrealized Unrealized Defined Total Balance, January 1 $ 30 $ 164 $ (2,972 ) $ (2,778 ) $ 3,536 $ — $ (3,315 ) $ 221 OCI before reclassifications 4,247 (44 ) — 4,203 11,341 (152 ) — 11,189 Amounts reclassified from AOCI (142 ) — — (142 ) (245 ) — — (245 ) Subtotal 4,105 (44 ) — 4,061 11,096 (152 ) — 10,944 Tax effect (1,212 ) 15 — (1,197 ) (3,650 ) 52 — (3,598 ) OCI, net of tax 2,893 (29 ) — 2,864 7,446 (100 ) — 7,346 Balance, June 30 $ 2,923 $ 135 $ (2,972 ) $ 86 $ 10,982 $ (100 ) $ (3,315 ) $ 7,567 |
Parent Company Only Financial34
Parent Company Only Financial Information (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |
Interim Condensed Balance Sheets | Interim Condensed Balance Sheets June 30 December 31 ASSETS Cash on deposit at the Bank $ 1,144 $ 1,297 AFS securities — 251 Investments in subsidiaries 145,128 138,549 Premises and equipment 1,940 1,991 Other assets 52,673 52,846 TOTAL ASSETS $ 200,885 $ 194,934 LIABILITIES AND SHAREHOLDERS’ EQUITY Other liabilities $ 5,815 $ 7,035 Shareholders' equity 195,070 187,899 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 200,885 $ 194,934 |
Interim Condensed Statements of Income | Interim Condensed Statements of Income Three Months Ended Six Months Ended 2017 2016 2017 2016 Income Dividends from subsidiaries $ 2,600 $ 2,000 $ 4,300 $ 3,600 Interest income — 4 2 8 Management fee and other 1,691 1,758 3,241 3,282 Total income 4,291 3,762 7,543 6,890 Expenses Compensation and benefits 1,118 1,184 2,490 2,384 Occupancy and equipment 432 413 876 843 Audit and related fees 140 100 264 196 Other 634 588 1,175 1,134 Total expenses 2,324 2,285 4,805 4,557 Income before income tax benefit and equity in undistributed earnings of subsidiaries 1,967 1,477 2,738 2,333 Federal income tax benefit 212 171 528 417 Income before equity in undistributed earnings of subsidiaries 2,179 1,648 3,266 2,750 Undistributed earnings of subsidiaries 1,665 1,759 3,714 3,674 Net income $ 3,844 $ 3,407 $ 6,980 $ 6,424 |
Interim Condensed Statements of Cash Flows | Interim Condensed Statements of Cash Flows Six Months Ended 2017 2016 Operating activities Net income $ 6,980 $ 6,424 Adjustments to reconcile net income to cash provided by operations Undistributed earnings of subsidiaries (3,714 ) (3,674 ) Undistributed earnings of equity securities without readily determinable fair values 93 (141 ) Share-based payment awards under equity compensation plan 302 273 Depreciation 77 81 Changes in operating assets and liabilities which provided (used) cash Other assets 80 108 Accrued interest and other liabilities (1,219 ) (1,692 ) Net cash provided by (used in) operating activities 2,599 1,379 Investing activities Maturities, calls, principal payments, and sales of AFS securities 249 — Purchases of premises and equipment (26 ) (69 ) Net cash provided by (used in) investing activities 223 (69 ) Financing activities Cash dividends paid on common stock (3,920 ) (3,744 ) Proceeds from the issuance of common stock 3,764 2,489 Common stock repurchased (2,622 ) (1,462 ) Common stock purchased for deferred compensation obligations (197 ) (164 ) Net cash provided by (used in) financing activities (2,975 ) (2,881 ) Increase (decrease) in cash and cash equivalents (153 ) (1,571 ) Cash and cash equivalents at beginning of period 1,297 4,125 Cash and cash equivalents at end of period $ 1,144 $ 2,554 |
Computation of Earnings Per C35
Computation of Earnings Per Common Share (Schedule of Earnings Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | ||
Earnings Per Share [Abstract] | |||||
Average number of common shares outstanding for basic calculation | 7,841,822 | 7,819,080 | 7,834,523 | 7,807,187 | |
Average potential effect of common shares in the Directors Plan | [1] | 190,528 | 183,842 | 191,028 | 184,152 |
Average number of common shares outstanding used to calculate diluted earnings per common share | 8,032,350 | 8,002,922 | 8,025,551 | 7,991,339 | |
Net income | $ 3,844 | $ 3,407 | $ 6,980 | $ 6,424 | |
Basic (in dollars per share) | $ 0.49 | $ 0.44 | $ 0.89 | $ 0.82 | |
Diluted (in dollars per share) | $ 0.48 | $ 0.43 | $ 0.87 | $ 0.80 | |
[1] | Exclusive of shares held in the Rabbi Trust |
AFS Securities (Amortized cost
AFS Securities (Amortized cost and fair value of AFS securities, with gross unrealized gains and losses) (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $ 563,309 | $ 557,648 |
Gross Unrealized Gains | 7,528 | 5,446 |
Gross Unrealized Losses | 2,975 | 4,998 |
AFS securities | 567,862 | 558,096 |
Government sponsored enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 280 | 10,258 |
Gross Unrealized Gains | 1 | 3 |
Gross Unrealized Losses | 0 | 2 |
AFS securities | 281 | 10,259 |
States and political subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 215,999 | 208,977 |
Gross Unrealized Gains | 6,121 | 4,262 |
Gross Unrealized Losses | 27 | 320 |
AFS securities | 222,093 | 212,919 |
Auction rate money market preferred [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 3,200 | 3,200 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 105 | 406 |
AFS securities | 3,095 | 2,794 |
Preferred stocks [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 3,800 | 3,800 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 135 | 375 |
AFS securities | 3,665 | 3,425 |
Mortgage-backed securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 223,225 | 229,593 |
Gross Unrealized Gains | 701 | 581 |
Gross Unrealized Losses | 1,969 | 2,918 |
AFS securities | 221,957 | 227,256 |
Collateralized mortgage obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 116,805 | 101,820 |
Gross Unrealized Gains | 705 | 600 |
Gross Unrealized Losses | 739 | 977 |
AFS securities | $ 116,771 | $ 101,443 |
AFS Securities (Amortized cos37
AFS Securities (Amortized cost and fair value of AFS securities by contractual maturity) (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Rolling Maturity [Abstract] | ||
Maturing, Due in One Year or Less | $ 32,032 | |
Maturing, After One Year But Within Five Years | 74,958 | |
Maturing, After Five Years But Within Ten Years | 76,716 | |
Maturing, After Ten Years | 32,573 | |
Securities With Variable Monthly Payments or Noncontractual Maturities | 347,030 | |
Amortized Cost | 563,309 | $ 557,648 |
Available-for-sale Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | ||
Maturing, Due in One Year or Less, Fair value | 32,105 | |
Maturing, After One Year But Within Five Years, Fair value | 77,118 | |
Maturing, After Five Years But Within Ten Years, Fair value | 79,668 | |
Maturing, After Ten Years, Fair value | 33,483 | |
Securities With Variable Monthly Payments or Noncontractual Maturities, Fair value | 345,488 | |
Total, Fair value | 567,862 | 558,096 |
Government sponsored enterprises [Member] | ||
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Rolling Maturity [Abstract] | ||
Maturing, Due in One Year or Less | 32 | |
Maturing, After One Year But Within Five Years | 248 | |
Maturing, After Five Years But Within Ten Years | 0 | |
Maturing, After Ten Years | 0 | |
Securities With Variable Monthly Payments or Noncontractual Maturities | 0 | |
Amortized Cost | 280 | 10,258 |
Available-for-sale Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | ||
Total, Fair value | 281 | 10,259 |
States and political subdivisions [Member] | ||
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Rolling Maturity [Abstract] | ||
Maturing, Due in One Year or Less | 32,000 | |
Maturing, After One Year But Within Five Years | 74,710 | |
Maturing, After Five Years But Within Ten Years | 76,716 | |
Maturing, After Ten Years | 32,573 | |
Securities With Variable Monthly Payments or Noncontractual Maturities | 0 | |
Amortized Cost | 215,999 | 208,977 |
Available-for-sale Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | ||
Total, Fair value | 222,093 | 212,919 |
Auction rate money market preferred [Member] | ||
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Rolling Maturity [Abstract] | ||
Maturing, Due in One Year or Less | 0 | |
Maturing, After One Year But Within Five Years | 0 | |
Maturing, After Five Years But Within Ten Years | 0 | |
Maturing, After Ten Years | 0 | |
Securities With Variable Monthly Payments or Noncontractual Maturities | 3,200 | |
Amortized Cost | 3,200 | 3,200 |
Available-for-sale Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | ||
Total, Fair value | 3,095 | 2,794 |
Preferred stocks [Member] | ||
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Rolling Maturity [Abstract] | ||
Maturing, Due in One Year or Less | 0 | |
Maturing, After One Year But Within Five Years | 0 | |
Maturing, After Five Years But Within Ten Years | 0 | |
Maturing, After Ten Years | 0 | |
Securities With Variable Monthly Payments or Noncontractual Maturities | 3,800 | |
Amortized Cost | 3,800 | 3,800 |
Available-for-sale Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | ||
Total, Fair value | 3,665 | 3,425 |
Mortgage-backed securities [Member] | ||
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Rolling Maturity [Abstract] | ||
Maturing, Due in One Year or Less | 0 | |
Maturing, After One Year But Within Five Years | 0 | |
Maturing, After Five Years But Within Ten Years | 0 | |
Maturing, After Ten Years | 0 | |
Securities With Variable Monthly Payments or Noncontractual Maturities | 223,225 | |
Amortized Cost | 223,225 | 229,593 |
Available-for-sale Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | ||
Total, Fair value | 221,957 | 227,256 |
Collateralized mortgage obligations [Member] | ||
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Rolling Maturity [Abstract] | ||
Maturing, Due in One Year or Less | 0 | |
Maturing, After One Year But Within Five Years | 0 | |
Maturing, After Five Years But Within Ten Years | 0 | |
Maturing, After Ten Years | 0 | |
Securities With Variable Monthly Payments or Noncontractual Maturities | 116,805 | |
Amortized Cost | 116,805 | 101,820 |
Available-for-sale Securities, Debt Maturities, Fair Value, Rolling Maturity [Abstract] | ||
Total, Fair value | $ 116,771 | $ 101,443 |
AFS Securities (Activity relate
AFS Securities (Activity related to sales of AFS securities) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Investments, Debt and Equity Securities [Abstract] | ||||
Proceeds from sales of AFS of securities | $ 12,827 | $ 35,664 | $ 12,827 | $ 35,664 |
Gross realized gains (losses) | 142 | 245 | 142 | 245 |
Applicable income tax expense | $ 48 | $ 83 | $ 48 | $ 83 |
AFS Securities (AFS securities
AFS Securities (AFS securities with gross unrealized losses) (Details) $ in Thousands | Jun. 30, 2017USD ($)Securities | Dec. 31, 2016USD ($)Securities |
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | $ 2,438 | $ 3,859 |
Fair Value, Less Than Twelve Months | 166,989 | 258,414 |
Gross Unrealized Losses, Twelve Months or More | 537 | 1,139 |
Fair Value, Twelve Months or More | 17,436 | 17,955 |
Total Unrealized Losses | $ 2,975 | $ 4,998 |
Number of Securities in an unrealized loss position, Less Than Twelve Months, Fair Value | Securities | 41 | 104 |
Number of Securities in an unrealized loss position, Twelve Months or More, Fair Value | Securities | 9 | 9 |
Number of Securities in an unrealized loss position, Total Unrealized Losses | Securities | 50 | 113 |
Government sponsored enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | $ 0 | $ 2 |
Fair Value, Less Than Twelve Months | 0 | 9,936 |
Gross Unrealized Losses, Twelve Months or More | 0 | 0 |
Fair Value, Twelve Months or More | 0 | 0 |
Total Unrealized Losses | 0 | 2 |
States and political subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | 25 | 311 |
Fair Value, Less Than Twelve Months | 4,049 | 21,800 |
Gross Unrealized Losses, Twelve Months or More | 2 | 9 |
Fair Value, Twelve Months or More | 263 | 355 |
Total Unrealized Losses | 27 | 320 |
Auction rate money market preferred [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | 0 | 0 |
Fair Value, Less Than Twelve Months | 0 | 0 |
Gross Unrealized Losses, Twelve Months or More | 105 | 406 |
Fair Value, Twelve Months or More | 3,095 | 2,794 |
Total Unrealized Losses | 105 | 406 |
Preferred stocks [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | 0 | 0 |
Fair Value, Less Than Twelve Months | 0 | 0 |
Gross Unrealized Losses, Twelve Months or More | 135 | 375 |
Fair Value, Twelve Months or More | 3,665 | 3,425 |
Total Unrealized Losses | 135 | 375 |
Mortgage-backed securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | 1,969 | 2,918 |
Fair Value, Less Than Twelve Months | 126,883 | 175,212 |
Gross Unrealized Losses, Twelve Months or More | 0 | 0 |
Fair Value, Twelve Months or More | 0 | 0 |
Total Unrealized Losses | 1,969 | 2,918 |
Collateralized mortgage obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | 444 | 628 |
Fair Value, Less Than Twelve Months | 36,057 | 51,466 |
Gross Unrealized Losses, Twelve Months or More | 295 | 349 |
Fair Value, Twelve Months or More | 10,413 | 11,381 |
Total Unrealized Losses | $ 739 | $ 977 |
AFS Securities Narratives New (
AFS Securities Narratives New (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2017 | Dec. 31, 2016 | |
Available-for-sale Securities [Member] | Auction Rate Securities [Member] | ||
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items] | ||
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, No Previous Impairment | $ 0 | $ 770 |
Loans and ALLL (Narrative) (Det
Loans and ALLL (Narrative) (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2017USD ($)NumberofLoan | Jun. 30, 2016NumberofLoan | Jun. 30, 2017USD ($)NumberofLoan | Jun. 30, 2016loanNumberofLoan | Dec. 31, 2016USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Threshold period of continuous performance to return loans to accrual status | 6 months | ||||
Migration analysis of loan portfolio period | 5 years | ||||
Advance in connection with impaired loans | $ 124 | $ 124 | $ 117 | ||
Number of loans restructured through the forbearance of principal or accrued interest | NumberofLoan | 0 | 0 | |||
Loans in default | 0 | 0 | |||
Minimum [Member] | 4 - Low satisfactory [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Delinquency period | 10 days | ||||
Minimum [Member] | 5 - Special mention [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Delinquency period | 30 days | ||||
Maximum [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Financing receivable, amortization term | 30 years | ||||
Maximum [Member] | 4 - Low satisfactory [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Delinquency period | 30 days | ||||
Maximum [Member] | 5 - Special mention [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Delinquency period | 60 days | ||||
Commercial, Agricultural, and Residential Portfolio Segments [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Number of days past due (or more), accrual of interest discontinued | 90 days | ||||
Total Consumer [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Maximum days of consumer loan charged off | 180 days | ||||
Total Consumer [Member] | Maximum [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Financing receivable, amortization term | 12 years | ||||
Commercial And Agricultural Portfolio Segment [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Maximum percentage of loan | 0.80 | ||||
Commercial And Agricultural Portfolio Segment [Member] | Customer Concentration Risk [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Maximum amount of loans | $ 15,000 | ||||
Commercial Advances to Mortgage Brokers Segment [Member] | Customer Concentration Risk [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Maximum amount of loans | $ 30,000 | ||||
Commercial Advances to Mortgage Brokers Segment [Member] | Customer Concentration Risk [Member] | Minimum [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loan advance maturity period | 20 days | ||||
Commercial Advances to Mortgage Brokers Segment [Member] | Customer Concentration Risk [Member] | Maximum [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loan advance maturity period | 30 days | ||||
Residential Real Estate [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Maximum percentage of loan | 0.97 | ||||
Maximum percentage of principal, interest, taxes and hazard insurance on property over gross income | 0.28 | ||||
Maximum percentage of debt servicing over gross income | 0.36 | ||||
Maximum amount without corporation approval | $ 500 | ||||
Residential, Privately Insured, Financing Receivable [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Maximum percentage of loan | 0.80 |
Loans and ALLL (Summary of chan
Loans and ALLL (Summary of changes in ALLL by segments) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Summary of changes in the ALLL and the recorded investment in loans by segments | ||||
Allowance for loan losses, Beginning Balance | $ 7,500 | $ 7,500 | $ 7,400 | $ 7,400 |
Allowance for loan losses, Charge-offs | (69) | (208) | (213) | (549) |
Allowance for loan losses, Recoveries | 160 | 296 | 377 | 581 |
Allowance for loan losses, Provision for loan losses | 9 | 12 | 36 | 168 |
Allowance for loan losses, Ending Balance | 7,600 | 7,600 | 7,600 | 7,600 |
Commercial [Member] | ||||
Summary of changes in the ALLL and the recorded investment in loans by segments | ||||
Allowance for loan losses, Beginning Balance | 1,771 | 2,421 | 1,814 | 2,171 |
Allowance for loan losses, Charge-offs | (25) | (32) | (52) | (48) |
Allowance for loan losses, Recoveries | 55 | 189 | 188 | 278 |
Allowance for loan losses, Provision for loan losses | 177 | (459) | 28 | (282) |
Allowance for loan losses, Ending Balance | 1,978 | 2,119 | 1,978 | 2,119 |
Agricultural [Member] | ||||
Summary of changes in the ALLL and the recorded investment in loans by segments | ||||
Allowance for loan losses, Beginning Balance | 527 | 336 | 884 | 329 |
Allowance for loan losses, Charge-offs | 0 | 0 | 0 | 0 |
Allowance for loan losses, Recoveries | 0 | 0 | 0 | 92 |
Allowance for loan losses, Provision for loan losses | (52) | 198 | (409) | 113 |
Allowance for loan losses, Ending Balance | 475 | 534 | 475 | 534 |
Residential Real Estate [Member] | ||||
Summary of changes in the ALLL and the recorded investment in loans by segments | ||||
Allowance for loan losses, Beginning Balance | 3,098 | 3,130 | 2,664 | 3,330 |
Allowance for loan losses, Charge-offs | 0 | (128) | (43) | (369) |
Allowance for loan losses, Recoveries | 63 | 45 | 99 | 95 |
Allowance for loan losses, Provision for loan losses | (563) | 83 | (122) | 74 |
Allowance for loan losses, Ending Balance | 2,598 | 3,130 | 2,598 | 3,130 |
Consumer Portfolio Segment [Member] | ||||
Summary of changes in the ALLL and the recorded investment in loans by segments | ||||
Allowance for loan losses, Beginning Balance | 671 | 540 | 624 | 522 |
Allowance for loan losses, Charge-offs | (44) | (48) | (118) | (132) |
Allowance for loan losses, Recoveries | 42 | 62 | 90 | 116 |
Allowance for loan losses, Provision for loan losses | (86) | (13) | (13) | 35 |
Allowance for loan losses, Ending Balance | 583 | 541 | 583 | 541 |
Unallocated [Member] | ||||
Summary of changes in the ALLL and the recorded investment in loans by segments | ||||
Allowance for loan losses, Beginning Balance | 1,433 | 1,073 | 1,414 | 1,048 |
Allowance for loan losses, Charge-offs | 0 | 0 | 0 | 0 |
Allowance for loan losses, Recoveries | 0 | 0 | 0 | 0 |
Allowance for loan losses, Provision for loan losses | 533 | 203 | 552 | 228 |
Allowance for loan losses, Ending Balance | $ 1,966 | $ 1,276 | $ 1,966 | $ 1,276 |
Loans and ALLL (Summary of reco
Loans and ALLL (Summary of recorded investment in loans by segments) (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Individually evaluated for impairment, ALLL | $ 2,455 | $ 2,371 | ||||
Collectively evaluated for impairment, ALLL | 5,145 | 5,029 | ||||
Total, ALLL | 7,600 | $ 7,500 | 7,400 | $ 7,600 | $ 7,500 | $ 7,400 |
Individually evaluated for impairment, Loans | 27,135 | 22,068 | ||||
Collectively evaluated for impairment, Loans | 1,021,362 | 988,547 | ||||
Total | 1,048,497 | 1,010,615 | ||||
Commercial [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Individually evaluated for impairment, ALLL | 783 | 741 | ||||
Collectively evaluated for impairment, ALLL | 1,195 | 1,073 | ||||
Total, ALLL | 1,978 | 1,771 | 1,814 | 2,119 | 2,421 | 2,171 |
Individually evaluated for impairment, Loans | 7,362 | 7,859 | ||||
Collectively evaluated for impairment, Loans | 593,222 | 567,805 | ||||
Total | 600,584 | 575,664 | ||||
Agricultural [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Individually evaluated for impairment, ALLL | 0 | 1 | ||||
Collectively evaluated for impairment, ALLL | 475 | 883 | ||||
Total, ALLL | 475 | 527 | 884 | 534 | 336 | 329 |
Individually evaluated for impairment, Loans | 11,125 | 5,545 | ||||
Collectively evaluated for impairment, Loans | 119,829 | 120,947 | ||||
Total | 130,954 | 126,492 | ||||
Residential Real Estate [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Individually evaluated for impairment, ALLL | 1,672 | 1,629 | ||||
Collectively evaluated for impairment, ALLL | 926 | 1,035 | ||||
Total, ALLL | 2,598 | 3,098 | 2,664 | 3,130 | 3,130 | 3,330 |
Individually evaluated for impairment, Loans | 8,628 | 8,638 | ||||
Collectively evaluated for impairment, Loans | 261,579 | 257,412 | ||||
Total | 270,207 | 266,050 | ||||
Total Consumer [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Individually evaluated for impairment, ALLL | 0 | 0 | ||||
Collectively evaluated for impairment, ALLL | 583 | 624 | ||||
Total, ALLL | 583 | 671 | 624 | 541 | 540 | 522 |
Individually evaluated for impairment, Loans | 20 | 26 | ||||
Collectively evaluated for impairment, Loans | 46,732 | 42,383 | ||||
Total | 46,752 | 42,409 | ||||
Unallocated [Member] | ||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||
Individually evaluated for impairment, ALLL | 0 | 0 | ||||
Collectively evaluated for impairment, ALLL | 1,966 | 1,414 | ||||
Total, ALLL | $ 1,966 | $ 1,433 | $ 1,414 | $ 1,276 | $ 1,073 | $ 1,048 |
Loans and ALLL (Credit quality
Loans and ALLL (Credit quality indicators for commercial and agricultural credit exposures) (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total | $ 1,048,497 | $ 1,010,615 |
Total commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 600,584 | 575,664 |
Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 442,400 | 424,381 |
Commercial other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 138,270 | 131,595 |
Commercial Advances to Mortgage Brokers Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 19,914 | 19,688 |
Total agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 130,954 | 126,492 |
Agricultural real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 88,492 | 83,837 |
Agricultural other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 42,462 | 42,655 |
Commercial And Agricultural Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 731,538 | 702,156 |
1 - Excellent [Member] | Total commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 258 | 466 |
1 - Excellent [Member] | Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 26 | 28 |
1 - Excellent [Member] | Commercial other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 232 | 438 |
1 - Excellent [Member] | Commercial Advances to Mortgage Brokers Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
1 - Excellent [Member] | Total agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
1 - Excellent [Member] | Agricultural real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
1 - Excellent [Member] | Agricultural other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
1 - Excellent [Member] | Commercial And Agricultural Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 258 | 466 |
2 - High quality [Member] | Total commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 23,357 | 43,600 |
2 - High quality [Member] | Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 7,479 | 11,821 |
2 - High quality [Member] | Commercial other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 15,878 | 12,091 |
2 - High quality [Member] | Commercial Advances to Mortgage Brokers Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 19,688 |
2 - High quality [Member] | Total agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 4,094 | 4,992 |
2 - High quality [Member] | Agricultural real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 3,088 | 3,566 |
2 - High quality [Member] | Agricultural other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 1,006 | 1,426 |
2 - High quality [Member] | Commercial And Agricultural Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 27,451 | 48,592 |
3 - High satisfactory [Member] | Total commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 169,439 | 145,511 |
3 - High satisfactory [Member] | Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 103,672 | 103,529 |
3 - High satisfactory [Member] | Commercial other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 45,853 | 41,982 |
3 - High satisfactory [Member] | Commercial Advances to Mortgage Brokers Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 19,914 | 0 |
3 - High satisfactory [Member] | Total agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 30,741 | 33,045 |
3 - High satisfactory [Member] | Agricultural real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 21,435 | 21,657 |
3 - High satisfactory [Member] | Agricultural other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 9,306 | 11,388 |
3 - High satisfactory [Member] | Commercial And Agricultural Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 200,180 | 178,556 |
4 - Low satisfactory [Member] | Total commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 392,568 | 373,749 |
4 - Low satisfactory [Member] | Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 320,610 | 299,317 |
4 - Low satisfactory [Member] | Commercial other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 71,958 | 74,432 |
4 - Low satisfactory [Member] | Commercial Advances to Mortgage Brokers Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
4 - Low satisfactory [Member] | Total agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 68,849 | 71,670 |
4 - Low satisfactory [Member] | Agricultural real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 48,109 | 48,955 |
4 - Low satisfactory [Member] | Agricultural other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 20,740 | 22,715 |
4 - Low satisfactory [Member] | Commercial And Agricultural Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 461,417 | 445,419 |
5 - Special mention [Member] | Total commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 6,152 | 4,959 |
5 - Special mention [Member] | Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 4,253 | 3,781 |
5 - Special mention [Member] | Commercial other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 1,899 | 1,178 |
5 - Special mention [Member] | Commercial Advances to Mortgage Brokers Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
5 - Special mention [Member] | Total agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 20,069 | 9,094 |
5 - Special mention [Member] | Agricultural real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 11,015 | 6,009 |
5 - Special mention [Member] | Agricultural other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 9,054 | 3,085 |
5 - Special mention [Member] | Commercial And Agricultural Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 26,221 | 14,053 |
6 - Substandard [Member] | Total commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 8,793 | 7,375 |
6 - Substandard [Member] | Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 6,343 | 5,901 |
6 - Substandard [Member] | Commercial other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 2,450 | 1,474 |
6 - Substandard [Member] | Commercial Advances to Mortgage Brokers Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
6 - Substandard [Member] | Total agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 6,209 | 7,158 |
6 - Substandard [Member] | Agricultural real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 4,379 | 3,650 |
6 - Substandard [Member] | Agricultural other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 1,830 | 3,508 |
6 - Substandard [Member] | Commercial And Agricultural Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 15,002 | 14,533 |
7 - Vulnerable [Member] | Total commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 17 | 4 |
7 - Vulnerable [Member] | Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 17 | 4 |
7 - Vulnerable [Member] | Commercial other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
7 - Vulnerable [Member] | Commercial Advances to Mortgage Brokers Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
7 - Vulnerable [Member] | Total agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 992 | 533 |
7 - Vulnerable [Member] | Agricultural real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 466 | 0 |
7 - Vulnerable [Member] | Agricultural other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 526 | 533 |
7 - Vulnerable [Member] | Commercial And Agricultural Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 1,009 | 537 |
8 - Doubtful [Member] | Total commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
8 - Doubtful [Member] | Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
8 - Doubtful [Member] | Commercial other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
8 - Doubtful [Member] | Commercial Advances to Mortgage Brokers Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
8 - Doubtful [Member] | Total agricultural [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
8 - Doubtful [Member] | Agricultural real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
8 - Doubtful [Member] | Agricultural other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | 0 | 0 |
8 - Doubtful [Member] | Commercial And Agricultural Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total | $ 0 | $ 0 |
Loans and ALLL (Past due and cu
Loans and ALLL (Past due and current loans) (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | $ 1,203 | $ 633 |
Nonaccrual | 1,563 | 1,060 |
Total Past Due and Nonaccrual | 7,342 | 7,429 |
Current | 1,041,155 | 1,003,186 |
Total | 1,048,497 | 1,010,615 |
Total commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 55 | 35 |
Nonaccrual | 17 | 4 |
Total Past Due and Nonaccrual | 2,457 | 3,347 |
Current | 598,127 | 572,317 |
Total | 600,584 | 575,664 |
Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 55 | 35 |
Nonaccrual | 17 | 4 |
Total Past Due and Nonaccrual | 1,373 | 1,619 |
Current | 441,027 | 422,762 |
Total | 442,400 | 424,381 |
Commercial other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Nonaccrual | 0 | 0 |
Total Past Due and Nonaccrual | 1,084 | 1,728 |
Current | 137,186 | 129,867 |
Total | 138,270 | 131,595 |
Commercial Advances to Mortgage Brokers Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Nonaccrual | 0 | 0 |
Total Past Due and Nonaccrual | 0 | 0 |
Current | 19,914 | 19,688 |
Total | 19,914 | 19,688 |
Total agricultural [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 1,099 | 508 |
Nonaccrual | 992 | 533 |
Total Past Due and Nonaccrual | 2,463 | 1,251 |
Current | 128,491 | 125,241 |
Total | 130,954 | 126,492 |
Agricultural real estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 1,099 | 508 |
Nonaccrual | 466 | 0 |
Total Past Due and Nonaccrual | 1,908 | 699 |
Current | 86,584 | 83,138 |
Total | 88,492 | 83,837 |
Agricultural other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Nonaccrual | 526 | 533 |
Total Past Due and Nonaccrual | 555 | 552 |
Current | 41,907 | 42,103 |
Total | 42,462 | 42,655 |
Total residential real estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 49 | 90 |
Nonaccrual | 554 | 523 |
Total Past Due and Nonaccrual | 2,358 | 2,716 |
Current | 267,849 | 263,334 |
Total | 270,207 | 266,050 |
Residential real estate senior liens [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 49 | 22 |
Nonaccrual | 460 | 498 |
Total Past Due and Nonaccrual | 1,968 | 2,332 |
Current | 221,433 | 216,681 |
Total | 223,401 | 219,013 |
Residential real estate junior liens [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Nonaccrual | 24 | 25 |
Total Past Due and Nonaccrual | 24 | 40 |
Current | 7,746 | 8,317 |
Total | 7,770 | 8,357 |
Residential real estate home equity lines of credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 68 |
Nonaccrual | 70 | 0 |
Total Past Due and Nonaccrual | 366 | 344 |
Current | 38,670 | 38,336 |
Total | 39,036 | 38,680 |
Total Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Nonaccrual | 0 | 0 |
Total Past Due and Nonaccrual | 64 | 115 |
Current | 46,688 | 42,294 |
Total | 46,752 | 42,409 |
Consumer secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Nonaccrual | 0 | 0 |
Total Past Due and Nonaccrual | 63 | 110 |
Current | 43,109 | 38,582 |
Total | 43,172 | 38,692 |
Consumer Unsecured Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Nonaccrual | 0 | 0 |
Total Past Due and Nonaccrual | 1 | 5 |
Current | 3,579 | 3,712 |
Total | 3,580 | 3,717 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 3,874 | 5,521 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Total commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 2,282 | 3,273 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 1,301 | 1,580 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 981 | 1,693 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Advances to Mortgage Brokers Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Total agricultural [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 372 | 210 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Agricultural real estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 343 | 191 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Agricultural other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 29 | 19 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Total residential real estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 1,156 | 1,923 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential real estate senior liens [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 1,033 | 1,638 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential real estate junior liens [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 15 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential real estate home equity lines of credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 123 | 270 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Total Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 64 | 115 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 63 | 110 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Unsecured Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 1 | 5 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 702 | 215 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Total commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 103 | 35 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 103 | 35 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Advances to Mortgage Brokers Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Total agricultural [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Agricultural real estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Agricultural other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Total residential real estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 599 | 180 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential real estate senior liens [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 426 | 174 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential real estate junior liens [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential real estate home equity lines of credit [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 173 | 6 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Total Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer secured [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Unsecured Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | $ 0 | $ 0 |
Loans and ALLL (Summary of info
Loans and ALLL (Summary of information pertaining to impaired loans) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | |
Impaired Financing Receivable, Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Outstanding Balance | $ 14,701 | $ 14,701 | $ 15,839 | ||
Impaired loans without a valuation allowance, Outstanding Balance | 12,434 | 12,434 | 6,229 | ||
Impaired loans, Outstanding Balance | 27,135 | 27,135 | 22,068 | ||
Impaired Financing Receivable, Unpaid Principal Balance [Abstract] | |||||
Impaired loans with a valuation allowance, Unpaid Principal Balance | 15,405 | 15,405 | 16,615 | ||
Impaired loans without a valuation allowance, Unpaid Principal Balance | 12,821 | 12,821 | 6,553 | ||
Impaired loans, Unpaid Principal Balance | 28,226 | 28,226 | 23,168 | ||
Impaired loans, Valuation Allowance | 2,455 | 2,455 | 2,371 | ||
Impaired Financing Receivable, Average Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Average Outstanding Balance | 14,284 | $ 15,621 | 14,567 | $ 15,825 | |
Impaired loans without a valuation allowance, Average Outstanding Balance | 10,181 | 5,099 | 8,630 | 5,376 | |
Impaired loans, Average Outstanding Balance | 24,465 | 20,720 | 23,197 | 21,201 | |
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract] | |||||
Impaired loans with a valuation allowance, Interest Income Recognized | 191 | 183 | 371 | 369 | |
Impaired loans without a valuation allowance, Interest Income Recognized | 117 | 88 | 232 | 165 | |
Impaired loans, Interest Income Recognized | 308 | 271 | 603 | 534 | |
Total commercial [Member] | |||||
Impaired Financing Receivable, Recorded Investment [Abstract] | |||||
Impaired loans, Outstanding Balance | 7,362 | 7,362 | 7,859 | ||
Impaired Financing Receivable, Unpaid Principal Balance [Abstract] | |||||
Impaired loans, Unpaid Principal Balance | 7,569 | 7,569 | 8,064 | ||
Impaired loans, Valuation Allowance | 783 | 783 | 741 | ||
Impaired Financing Receivable, Average Recorded Investment [Abstract] | |||||
Impaired loans, Average Outstanding Balance | 7,482 | 6,779 | 7,604 | 7,090 | |
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract] | |||||
Impaired loans, Interest Income Recognized | 128 | 117 | 260 | 223 | |
Commercial real estate [Member] | |||||
Impaired Financing Receivable, Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Outstanding Balance | 5,063 | 5,063 | 5,811 | ||
Impaired loans without a valuation allowance, Outstanding Balance | 1,104 | 1,104 | 604 | ||
Impaired Financing Receivable, Unpaid Principal Balance [Abstract] | |||||
Impaired loans with a valuation allowance, Unpaid Principal Balance | 5,183 | 5,183 | 5,992 | ||
Impaired loans without a valuation allowance, Unpaid Principal Balance | 1,191 | 1,191 | 617 | ||
Impaired loans, Valuation Allowance | 733 | 733 | 716 | ||
Impaired Financing Receivable, Average Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Average Outstanding Balance | 4,641 | 5,793 | 4,825 | 5,773 | |
Impaired loans without a valuation allowance, Average Outstanding Balance | 1,576 | 814 | 1,451 | 1,139 | |
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract] | |||||
Impaired loans with a valuation allowance, Interest Income Recognized | 84 | 85 | 157 | 169 | |
Impaired loans without a valuation allowance, Interest Income Recognized | 19 | 28 | 52 | 47 | |
Commercial other [Member] | |||||
Impaired Financing Receivable, Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Outstanding Balance | 1,099 | 1,099 | 1,358 | ||
Impaired loans without a valuation allowance, Outstanding Balance | 96 | 96 | 86 | ||
Impaired Financing Receivable, Unpaid Principal Balance [Abstract] | |||||
Impaired loans with a valuation allowance, Unpaid Principal Balance | 1,099 | 1,099 | 1,358 | ||
Impaired loans without a valuation allowance, Unpaid Principal Balance | 96 | 96 | 97 | ||
Impaired loans, Valuation Allowance | 50 | 50 | 25 | ||
Impaired Financing Receivable, Average Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Average Outstanding Balance | 1,146 | 95 | 1,211 | 74 | |
Impaired loans without a valuation allowance, Average Outstanding Balance | 119 | 77 | 117 | 104 | |
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract] | |||||
Impaired loans with a valuation allowance, Interest Income Recognized | 23 | 2 | 47 | 3 | |
Impaired loans without a valuation allowance, Interest Income Recognized | 2 | 2 | 4 | 4 | |
Total agricultural [Member] | |||||
Impaired Financing Receivable, Recorded Investment [Abstract] | |||||
Impaired loans, Outstanding Balance | 11,125 | 11,125 | 5,545 | ||
Impaired Financing Receivable, Unpaid Principal Balance [Abstract] | |||||
Impaired loans, Unpaid Principal Balance | 11,125 | 11,125 | 5,545 | ||
Impaired loans, Valuation Allowance | 0 | 0 | 1 | ||
Impaired Financing Receivable, Average Recorded Investment [Abstract] | |||||
Impaired loans, Average Outstanding Balance | 8,338 | 4,148 | 6,944 | 4,108 | |
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract] | |||||
Impaired loans, Interest Income Recognized | 91 | 55 | 166 | 106 | |
Agricultural real estate [Member] | |||||
Impaired Financing Receivable, Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Outstanding Balance | 0 | 0 | 0 | ||
Impaired loans without a valuation allowance, Outstanding Balance | 7,826 | 7,826 | 4,037 | ||
Impaired Financing Receivable, Unpaid Principal Balance [Abstract] | |||||
Impaired loans with a valuation allowance, Unpaid Principal Balance | 0 | 0 | 0 | ||
Impaired loans without a valuation allowance, Unpaid Principal Balance | 7,826 | 7,826 | 4,037 | ||
Impaired loans, Valuation Allowance | 0 | 0 | 0 | ||
Impaired Financing Receivable, Average Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Average Outstanding Balance | 0 | 91 | 0 | 46 | |
Impaired loans without a valuation allowance, Average Outstanding Balance | 5,937 | 3,454 | 4,990 | 3,501 | |
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract] | |||||
Impaired loans with a valuation allowance, Interest Income Recognized | 0 | 2 | 0 | 2 | |
Impaired loans without a valuation allowance, Interest Income Recognized | 58 | 43 | 120 | 88 | |
Agricultural other [Member] | |||||
Impaired Financing Receivable, Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Outstanding Balance | 0 | 0 | 134 | ||
Impaired loans without a valuation allowance, Outstanding Balance | 3,299 | 3,299 | 1,374 | ||
Impaired Financing Receivable, Unpaid Principal Balance [Abstract] | |||||
Impaired loans with a valuation allowance, Unpaid Principal Balance | 0 | 0 | 134 | ||
Impaired loans without a valuation allowance, Unpaid Principal Balance | 3,299 | 3,299 | 1,374 | ||
Impaired loans, Valuation Allowance | 0 | 0 | 1 | ||
Impaired Financing Receivable, Average Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Average Outstanding Balance | 0 | 0 | 34 | 84 | |
Impaired loans without a valuation allowance, Average Outstanding Balance | 2,401 | 603 | 1,920 | 477 | |
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract] | |||||
Impaired loans with a valuation allowance, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Impaired loans without a valuation allowance, Interest Income Recognized | 33 | 10 | 46 | 16 | |
Total residential real estate [Member] | |||||
Impaired Financing Receivable, Recorded Investment [Abstract] | |||||
Impaired loans, Outstanding Balance | 8,628 | 8,628 | 8,638 | ||
Impaired Financing Receivable, Unpaid Principal Balance [Abstract] | |||||
Impaired loans, Unpaid Principal Balance | 9,512 | 9,512 | 9,533 | ||
Impaired loans, Valuation Allowance | 1,672 | 1,672 | 1,629 | ||
Impaired Financing Receivable, Average Recorded Investment [Abstract] | |||||
Impaired loans, Average Outstanding Balance | 8,623 | 9,760 | 8,626 | 9,969 | |
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract] | |||||
Impaired loans, Interest Income Recognized | 89 | 98 | 177 | 203 | |
Residential real estate senior liens [Member] | |||||
Impaired Financing Receivable, Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Outstanding Balance | 8,393 | 8,393 | 8,464 | ||
Impaired Financing Receivable, Unpaid Principal Balance [Abstract] | |||||
Impaired loans with a valuation allowance, Unpaid Principal Balance | 8,977 | 8,977 | 9,049 | ||
Impaired loans, Valuation Allowance | 1,649 | 1,649 | 1,615 | ||
Impaired Financing Receivable, Average Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Average Outstanding Balance | 8,385 | 9,508 | 8,403 | 9,711 | |
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract] | |||||
Impaired loans with a valuation allowance, Interest Income Recognized | 83 | 93 | 166 | 193 | |
Residential real estate junior liens [Member] | |||||
Impaired Financing Receivable, Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Outstanding Balance | 76 | 76 | 72 | ||
Impaired Financing Receivable, Unpaid Principal Balance [Abstract] | |||||
Impaired loans with a valuation allowance, Unpaid Principal Balance | 76 | 76 | 82 | ||
Impaired loans, Valuation Allowance | 15 | 15 | 14 | ||
Impaired Financing Receivable, Average Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Average Outstanding Balance | 77 | 134 | 76 | 137 | |
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract] | |||||
Impaired loans with a valuation allowance, Interest Income Recognized | 1 | 1 | 1 | 2 | |
Residential real estate home equity lines of credit [Member] | |||||
Impaired Financing Receivable, Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Outstanding Balance | 70 | 70 | 0 | ||
Impaired loans without a valuation allowance, Outstanding Balance | 89 | 89 | 102 | ||
Impaired Financing Receivable, Unpaid Principal Balance [Abstract] | |||||
Impaired loans with a valuation allowance, Unpaid Principal Balance | 70 | 70 | 0 | ||
Impaired loans without a valuation allowance, Unpaid Principal Balance | 389 | 389 | 402 | ||
Impaired loans, Valuation Allowance | 8 | 8 | 0 | ||
Impaired Financing Receivable, Average Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Average Outstanding Balance | 35 | 0 | 18 | 0 | |
Impaired loans without a valuation allowance, Average Outstanding Balance | 126 | 118 | 129 | 121 | |
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract] | |||||
Impaired loans with a valuation allowance, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Impaired loans without a valuation allowance, Interest Income Recognized | 5 | 4 | 10 | 8 | |
Total Consumer [Member] | |||||
Impaired Financing Receivable, Recorded Investment [Abstract] | |||||
Impaired loans, Outstanding Balance | 20 | 20 | 26 | ||
Impaired Financing Receivable, Unpaid Principal Balance [Abstract] | |||||
Impaired loans, Unpaid Principal Balance | 20 | 20 | 26 | ||
Impaired loans, Valuation Allowance | 0 | 0 | 0 | ||
Impaired Financing Receivable, Average Recorded Investment [Abstract] | |||||
Impaired loans, Average Outstanding Balance | 22 | 33 | 23 | 34 | |
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract] | |||||
Impaired loans, Interest Income Recognized | 0 | 1 | 0 | 2 | |
Consumer secured [Member] | |||||
Impaired Financing Receivable, Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Outstanding Balance | 0 | 0 | 0 | ||
Impaired loans without a valuation allowance, Outstanding Balance | 20 | 20 | 26 | ||
Impaired Financing Receivable, Unpaid Principal Balance [Abstract] | |||||
Impaired loans with a valuation allowance, Unpaid Principal Balance | 0 | 0 | 0 | ||
Impaired loans without a valuation allowance, Unpaid Principal Balance | 20 | 20 | 26 | ||
Impaired loans, Valuation Allowance | 0 | 0 | $ 0 | ||
Impaired Financing Receivable, Average Recorded Investment [Abstract] | |||||
Impaired loans with a valuation allowance, Average Outstanding Balance | 0 | 0 | 0 | 0 | |
Impaired loans without a valuation allowance, Average Outstanding Balance | 22 | 33 | 23 | 34 | |
Impaired Financing Receivable, Interest Income, Accrual Method [Abstract] | |||||
Impaired loans with a valuation allowance, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Impaired loans without a valuation allowance, Interest Income Recognized | $ 0 | $ 1 | $ 0 | $ 2 |
Loans and ALLL (Summary of in47
Loans and ALLL (Summary of information pertaining to TDRs) (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017USD ($)loan | Jun. 30, 2016USD ($)loan | Jun. 30, 2017USD ($)loan | Jun. 30, 2016USD ($)loan | |
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 11 | 3 | 14 | 6 |
Pre-Modification Recorded Investment | $ 5,786 | $ 201 | $ 6,021 | $ 229 |
Post-Modification Recorded Investment | $ 5,786 | $ 201 | $ 6,021 | $ 229 |
Interest Rate Below Market Reduction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 4 | 0 | 5 | 2 |
Pre-Modification Recorded Investment | $ 1,349 | $ 0 | $ 1,357 | $ 26 |
Below Market Interest Rate and Extension of Amortization Period [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 7 | 3 | 9 | 4 |
Pre-Modification Recorded Investment | $ 4,437 | $ 201 | $ 4,664 | $ 203 |
Commercial other [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 1 | 0 | 3 | 0 |
Pre-Modification Recorded Investment | $ 86 | $ 0 | $ 313 | $ 0 |
Post-Modification Recorded Investment | $ 86 | $ 0 | $ 313 | $ 0 |
Commercial other [Member] | Interest Rate Below Market Reduction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 0 | 0 | 0 | 0 |
Pre-Modification Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial other [Member] | Below Market Interest Rate and Extension of Amortization Period [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 1 | 0 | 3 | 0 |
Pre-Modification Recorded Investment | $ 86 | $ 0 | $ 313 | $ 0 |
Agricultural other [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 7 | 3 | 7 | 3 |
Pre-Modification Recorded Investment | $ 5,445 | $ 201 | $ 5,445 | $ 201 |
Post-Modification Recorded Investment | $ 5,445 | $ 201 | $ 5,445 | $ 201 |
Agricultural other [Member] | Interest Rate Below Market Reduction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 4 | 0 | 4 | 0 |
Pre-Modification Recorded Investment | $ 1,349 | $ 0 | $ 1,349 | $ 0 |
Agricultural other [Member] | Below Market Interest Rate and Extension of Amortization Period [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 3 | 3 | 3 | 3 |
Pre-Modification Recorded Investment | $ 4,096 | $ 201 | $ 4,096 | $ 201 |
Residential real estate senior liens [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 3 | 0 | 3 | 2 |
Pre-Modification Recorded Investment | $ 255 | $ 0 | $ 255 | $ 26 |
Post-Modification Recorded Investment | $ 255 | $ 0 | $ 255 | $ 26 |
Residential real estate senior liens [Member] | Interest Rate Below Market Reduction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 0 | 0 | 0 | 2 |
Pre-Modification Recorded Investment | $ 0 | $ 0 | $ 0 | $ 26 |
Residential real estate senior liens [Member] | Below Market Interest Rate and Extension of Amortization Period [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 3 | 0 | 3 | 0 |
Pre-Modification Recorded Investment | $ 255 | $ 0 | $ 255 | $ 0 |
Residential real estate junior liens [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 0 | 0 | 1 | 0 |
Pre-Modification Recorded Investment | $ 0 | $ 0 | $ 8 | $ 0 |
Post-Modification Recorded Investment | $ 0 | $ 0 | $ 8 | $ 0 |
Residential real estate junior liens [Member] | Interest Rate Below Market Reduction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 0 | 0 | 1 | 0 |
Pre-Modification Recorded Investment | $ 0 | $ 0 | $ 8 | $ 0 |
Residential real estate junior liens [Member] | Below Market Interest Rate and Extension of Amortization Period [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 0 | 0 | 0 | 0 |
Pre-Modification Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Total residential real estate [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 3 | 0 | 4 | 2 |
Pre-Modification Recorded Investment | $ 255 | $ 0 | $ 263 | $ 26 |
Post-Modification Recorded Investment | $ 255 | $ 0 | $ 263 | $ 26 |
Total residential real estate [Member] | Interest Rate Below Market Reduction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 0 | 0 | 1 | 2 |
Pre-Modification Recorded Investment | $ 0 | $ 0 | $ 8 | $ 26 |
Total residential real estate [Member] | Below Market Interest Rate and Extension of Amortization Period [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 3 | 0 | 3 | 0 |
Pre-Modification Recorded Investment | $ 255 | $ 0 | $ 255 | $ 0 |
Consumer Unsecured Financing Receivable [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 0 | 0 | 0 | 1 |
Pre-Modification Recorded Investment | $ 0 | $ 0 | $ 0 | $ 2 |
Post-Modification Recorded Investment | $ 0 | $ 0 | $ 0 | $ 2 |
Consumer Unsecured Financing Receivable [Member] | Interest Rate Below Market Reduction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 0 | 0 | 0 | 0 |
Pre-Modification Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Consumer Unsecured Financing Receivable [Member] | Below Market Interest Rate and Extension of Amortization Period [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number of Loans | loan | 0 | 0 | 0 | 1 |
Pre-Modification Recorded Investment | $ 0 | $ 0 | $ 0 | $ 2 |
Loans and ALLL (Summary of TDR
Loans and ALLL (Summary of TDR loan balances) (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Receivables [Abstract] | ||
Troubled debt restructurings | $ 26,341 | $ 21,382 |
Equity Securities Without Rea49
Equity Securities Without Readily Determinable Fair Values (Equity securities without readily determinable fair values) (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Equity Method And Other Investments [Abstract] | ||
FHLB Stock | $ 13,700 | $ 11,900 |
FRB Stock | 1,999 | 1,999 |
Other | 334 | 334 |
Total | 23,401 | 21,694 |
Investment in Corporate Settlement Solutions [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity method investments | $ 7,368 | $ 7,461 |
Foreclosed Assets (Summary of F
Foreclosed Assets (Summary of Foreclosed Assets) (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 |
Banking and Thrift [Abstract] | ||||||
Consumer mortgage loans collateralized by residential real estate foreclosed as a result of obtaining physical possession | $ 16 | $ 18 | ||||
All other foreclosed assets | 213 | 213 | ||||
Other Real Estate, Foreclosed Assets, and Repossessed Assets | $ 229 | $ 158 | $ 231 | $ 249 | $ 276 | $ 421 |
Foreclosed Assets (Foreclosed A
Foreclosed Assets (Foreclosed Assets Rollforward) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Banking and Thrift [Abstract] | ||||
Beginning Balance | $ 158 | $ 276 | $ 231 | $ 421 |
Properties Transferred | 98 | 27 | 124 | 116 |
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Valuation Adjustments | 0 | 0 | 28 | 0 |
Proceeds from sale | (27) | (54) | (98) | (288) |
Ending Balance | $ 229 | $ 249 | $ 229 | $ 249 |
Foreclosed Assets (Narrative) (
Foreclosed Assets (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | |
Schedule of Foreclosed Assets [Line Items] | ||||||||
Other Real Estate, Foreclosed Assets, and Repossessed Assets | $ 229 | $ 249 | $ 229 | $ 249 | $ 158 | $ 231 | $ 276 | $ 421 |
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Additions | 98 | 27 | 124 | 116 | ||||
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Valuation Adjustments | 0 | 0 | (28) | 0 | ||||
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Disposals | (27) | $ (54) | (98) | $ (288) | ||||
Consumer Portfolio Segment [Member] | ||||||||
Schedule of Foreclosed Assets [Line Items] | ||||||||
Mortgage Loans in Process of Foreclosure, Amount | $ 411 | $ 411 | $ 18 |
Borrowed Funds (Borrowed funds
Borrowed Funds (Borrowed funds obligations) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | |
Schedule of Debt [Line Items] | |||||
Borrowed funds | $ 360,940 | $ 360,940 | $ 337,694 | ||
Borrowed funds, Rate | 1.57% | 1.57% | 1.50% | ||
Securities Sold under Agreements to Repurchase [Member] | |||||
Schedule of Debt [Line Items] | |||||
Short-term Debt, Maximum Month-end Outstanding Amount | $ 55,731 | $ 57,032 | $ 61,131 | $ 61,783 | |
Borrowed funds | $ 49,950 | $ 49,950 | $ 60,894 | ||
Borrowed funds, Rate | 0.13% | 0.13% | 0.13% | ||
Short-term Debt, Average Outstanding Amount | $ 53,841 | $ 56,010 | $ 55,663 | $ 58,531 | |
Short Term Debt Weighted Average Interest Rates | 0.13% | 0.13% | 0.13% | 0.13% | |
Federal Funds Purchased [Member] | |||||
Schedule of Debt [Line Items] | |||||
Short-term Debt, Maximum Month-end Outstanding Amount | $ 5,965 | $ 11,800 | $ 27,300 | $ 11,800 | |
Borrowed funds | $ 990 | $ 990 | $ 6,800 | ||
Borrowed funds, Rate | 1.39% | 1.39% | 1.00% | ||
Short-term Debt, Average Outstanding Amount | $ 7,496 | $ 12,294 | $ 4,197 | $ 8,495 | |
Short Term Debt Weighted Average Interest Rates | 1.13% | 0.69% | 1.11% | 0.69% | |
Federal Reserve Bank Advances [Member] | |||||
Schedule of Debt [Line Items] | |||||
Short-term Debt, Maximum Month-end Outstanding Amount | $ 0 | $ 0 | $ 0 | $ 0 | |
Short-term Debt, Average Outstanding Amount | $ 88 | $ 0 | $ 44 | $ 0 | |
Short Term Debt Weighted Average Interest Rates | 1.48% | 0.00% | 1.48% | 0.00% | |
Federal Home Loan Bank Advances [Member] | |||||
Schedule of Debt [Line Items] | |||||
Borrowed funds | $ 310,000 | $ 310,000 | $ 270,000 | ||
Borrowed funds, Rate | 1.81% | 1.81% | 1.82% |
Borrowed Funds (Maturity and we
Borrowed Funds (Maturity and weighted average interest rates of FHLB advances) (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Federal Home Loan Bank, Advances [Line Items] | ||
FHLB advances, rate | 1.81% | 1.82% |
FHLB advances | $ 310,000 | $ 270,000 |
Fixed Rate Advances Due 2017 [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
FHLB advances, rate | 1.28% | 1.39% |
FHLB fixed rate advances | $ 65,000 | $ 70,000 |
Fixed Rate Advances Due 2018 [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
FHLB advances, rate | 2.16% | 2.16% |
FHLB fixed rate advances | $ 50,000 | $ 50,000 |
Fixed Rate Advances Due 2019 [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
FHLB advances, rate | 1.93% | 1.99% |
FHLB fixed rate advances | $ 70,000 | $ 60,000 |
Fixed Rate Advances Due 2020 [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
FHLB advances, rate | 1.52% | 1.98% |
FHLB fixed rate advances | $ 35,000 | $ 10,000 |
Fixed Rate Advances Due 2021 [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
FHLB advances, rate | 1.91% | 1.91% |
FHLB fixed rate advances | $ 50,000 | $ 50,000 |
Federal Home Loan Bank, Advances, Variable Rate Due 2021 [Member] [Member] [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
Federal Home Loan Bank, Advances, Floating Rate | $ 10,000 | $ 10,000 |
FHLB advances, rate | 1.48% | 1.21% |
Federal Home Loan Bank, Advances, Fixed Rate Due 2022 [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
FHLB advances, rate | 2.07% | 0.00% |
FHLB fixed rate advances | $ 10,000 | $ 0 |
Fixed Rate Advances Due 2023 [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
FHLB advances, rate | 3.90% | 3.90% |
FHLB fixed rate advances | $ 10,000 | $ 10,000 |
Federal Home Loan Bank, Advances, Fixed Rate Due 2026 [Member] | ||
Federal Home Loan Bank, Advances [Line Items] | ||
FHLB advances, rate | 1.17% | 1.17% |
FHLB fixed rate advances | $ 10,000 | $ 10,000 |
Borrowed Funds (Short-term borr
Borrowed Funds (Short-term borrowings) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Securities Sold under Agreements to Repurchase [Member] | ||||
Short-term Debt [Line Items] | ||||
Maximum Month End Balance | $ 55,731 | $ 57,032 | $ 61,131 | $ 61,783 |
Average Balance | $ 53,841 | $ 56,010 | $ 55,663 | $ 58,531 |
Weighted Average Interest Rate During the Period | 0.13% | 0.13% | 0.13% | 0.13% |
Federal Funds Purchased [Member] | ||||
Short-term Debt [Line Items] | ||||
Maximum Month End Balance | $ 5,965 | $ 11,800 | $ 27,300 | $ 11,800 |
Average Balance | $ 7,496 | $ 12,294 | $ 4,197 | $ 8,495 |
Weighted Average Interest Rate During the Period | 1.13% | 0.69% | 1.11% | 0.69% |
Federal Reserve Bank Advances [Member] | ||||
Short-term Debt [Line Items] | ||||
Maximum Month End Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Average Balance | $ 88 | $ 0 | $ 44 | $ 0 |
Weighted Average Interest Rate During the Period | 1.48% | 0.00% | 1.48% | 0.00% |
Borrowed Funds (Pledged financi
Borrowed Funds (Pledged financial instruments) (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Debt Disclosure [Abstract] | ||
Pledged to secure borrowed funds | $ 418,917 | $ 363,427 |
Pledged to secure repurchase agreements | 49,969 | 60,918 |
Pledged for public deposits and for other purposes necessary or required by law | 31,429 | 33,916 |
Total | 500,315 | 458,261 |
Short-term Debt [Line Items] | ||
AFS securities pledged without single maturity dates | 49,969 | 60,918 |
State and Local Funds Purchased [Member] | ||
Short-term Debt [Line Items] | ||
AFS securities pledged without single maturity dates | 2,784 | 5,676 |
Mortgage Backed Securities, Other [Member] | ||
Short-term Debt [Line Items] | ||
AFS securities pledged without single maturity dates | 14,813 | 11,383 |
Collateralized Mortgage Obligations [Member] | ||
Short-term Debt [Line Items] | ||
AFS securities pledged without single maturity dates | $ 32,372 | $ 43,859 |
Borrowed Funds (Derivatives) (D
Borrowed Funds (Derivatives) (Details) - Cash Flow Hedging [Member] - Interest Rate Swaps [Member] - Designated as Hedging Instrument [Member] - London Interbank Offered Rate (LIBOR) [Member] - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Jun. 30, 2017 | Dec. 31, 2016 | |
Derivatives, Fair Value [Line Items] | ||
Pay Rate | 1.56% | 1.56% |
Remaining Life (Years) | 3 years 9 months | 4 years 4 months |
Notional Amount | $ 10,000 | $ 10,000 |
Other Assets [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Derivative Liability, Fair Value, Gross Liability | $ 204 | $ 248 |
Borrowed Funds (Narrative) (Det
Borrowed Funds (Narrative) (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2017 | Dec. 31, 2016 | |
Debt Disclosure [Abstract] | ||
Carrying value of securities sold under agreements to repurchase | $ 49,969 | $ 60,918 |
Short-term Debt [Line Items] | ||
Additional borrowing capacity | $ 119,462 | |
Federal Funds Purchased [Member] | Minimum [Member] | ||
Short-term Debt [Line Items] | ||
Debt instrument, term | 1 day | |
Federal Funds Purchased [Member] | Maximum [Member] | ||
Short-term Debt [Line Items] | ||
Debt instrument, term | 4 days |
Other Noninterest Expenses (Exp
Other Noninterest Expenses (Expenses included in other noninterest expenses) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Summary of expenses included in other noninterest expenses | ||||
ATM and Debit Card Expense | $ 404 | $ 228 | $ 620 | $ 417 |
Professional Fees, Audit And Related | 237 | 186 | 435 | 345 |
Directors fees | 213 | 214 | 422 | 423 |
Professional Fees, Consulting | 208 | 196 | 413 | 369 |
Expense Related to Distribution or Servicing and Underwriting Fees | 192 | 127 | 309 | 235 |
FDIC insurance premiums | 155 | 217 | 308 | 422 |
Donations and community relations | 168 | 146 | 298 | 265 |
Postage and freight | 110 | 91 | 219 | 197 |
Printing and supplies | 103 | 129 | 210 | 220 |
Marketing Expense | 100 | 103 | 189 | 258 |
Education and travel | 93 | 125 | 189 | 236 |
All other | 524 | 644 | 989 | 1,206 |
Total other | $ 2,507 | $ 2,406 | $ 4,601 | $ 4,593 |
Federal Income Taxes (Details)
Federal Income Taxes (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Income Tax Disclosure [Abstract] | ||||
Federal statutory tax rate | 34.00% | 34.00% | 34.00% | 34.00% |
Income taxes at 34% statutory rate | $ 1,612 | $ 1,381 | $ 2,859 | $ 2,555 |
Interest income on tax exempt municipal securities | (454) | (465) | (909) | (943) |
Earnings on corporate owned life insurance policies | (62) | (66) | (123) | (130) |
Effect of tax credits | (191) | (193) | (380) | (387) |
Other | (18) | (18) | (36) | (36) |
Total effect of nontaxable income | (725) | (742) | (1,448) | (1,496) |
Effect of nondeductible expenses | 11 | 16 | 19 | 33 |
Federal income tax expense | $ 898 | $ 655 | $ 1,430 | $ 1,092 |
Fair Value (Quantitative inform
Fair Value (Quantitative information about impaired loans) (Details) - Discounted appraisal value [Member] - Level 3 [Member] - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2017 | Dec. 31, 2016 | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Discounted appraisal value at fair value | $ 15,117 | $ 9,166 |
Real Estate [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 20.00% | 20.00% |
Real Estate [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 30000.00% | 30000.00% |
Equipment [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 20.00% | 20.00% |
Equipment [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 45000.00% | 45000.00% |
Cash crop inventory [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 30.00% | 30.00% |
Cash crop inventory [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 40000.00% | 40000.00% |
Liquor License [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 75.00% | 75.00% |
Furniture and Fixtures [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 45.00% | |
Furniture and Fixtures [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 40.00% | |
Furniture and Fixtures [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 45000.00% |
Fair Value (Quantitative info62
Fair Value (Quantitative information related to foreclosed assets) (Details) - Discounted appraisal value [Member] - Level 3 [Member] - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2017 | Dec. 31, 2016 | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Real Estate Owned, Fair Value Disclosure | $ 229 | $ 231 |
Real Estate [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 20.00% | 20.00% |
Real Estate [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value Inputs, Discount Rate | 30.00% | 30.00% |
Fair Value (Carrying amount and
Fair Value (Carrying amount and estimated fair value of financial instruments) (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 | |
Level 1 [Member] | |||
ASSETS | |||
Cash and cash equivalents | $ 21,834 | $ 22,894 | |
Mortgage loans AFS | 0 | 0 | |
Total loans | 0 | 0 | |
Less allowance for loan losses | 0 | 0 | |
Net loans | 0 | 0 | |
Accrued interest receivable | 5,686 | 6,580 | |
Equity securities without readily determinable fair values | [1] | 0 | 0 |
Originated mortgage servicing rights | 0 | 0 | |
LIABILITIES | |||
Deposits without stated maturities | 780,243 | 761,626 | |
Deposits with stated maturities | 0 | 0 | |
Borrowed funds | 0 | 0 | |
Accrued interest payable | 561 | 574 | |
Level 2 [Member] | |||
ASSETS | |||
Cash and cash equivalents | 0 | 0 | |
Mortgage loans AFS | 1,493 | 1,836 | |
Total loans | 0 | 0 | |
Less allowance for loan losses | 0 | 0 | |
Net loans | 0 | 0 | |
Accrued interest receivable | 0 | 0 | |
Equity securities without readily determinable fair values | [1] | 0 | 0 |
Originated mortgage servicing rights | 2,499 | 2,306 | |
LIABILITIES | |||
Deposits without stated maturities | 0 | 0 | |
Deposits with stated maturities | 427,877 | 430,088 | |
Borrowed funds | 361,076 | 336,975 | |
Accrued interest payable | 0 | 0 | |
Level 3 [Member] | |||
ASSETS | |||
Cash and cash equivalents | 0 | 0 | |
Mortgage loans AFS | 0 | 0 | |
Total loans | 1,029,290 | 991,009 | |
Less allowance for loan losses | 7,600 | 7,400 | |
Net loans | 1,021,690 | 983,609 | |
Accrued interest receivable | 0 | 0 | |
Equity securities without readily determinable fair values | [1] | 0 | 0 |
Originated mortgage servicing rights | 0 | 0 | |
LIABILITIES | |||
Deposits without stated maturities | 0 | 0 | |
Deposits with stated maturities | 0 | 0 | |
Borrowed funds | 0 | 0 | |
Accrued interest payable | 0 | 0 | |
Carrying Value [Member] | |||
ASSETS | |||
Cash and cash equivalents | 21,834 | 22,894 | |
Mortgage loans AFS | 1,482 | 1,816 | |
Total loans | 1,048,497 | 1,010,615 | |
Less allowance for loan losses | 7,600 | 7,400 | |
Net loans | 1,040,897 | 1,003,215 | |
Accrued interest receivable | 5,686 | 6,580 | |
Equity securities without readily determinable fair values | [1] | 23,401 | 21,694 |
Originated mortgage servicing rights | 2,490 | 2,306 | |
LIABILITIES | |||
Deposits without stated maturities | 780,243 | 761,626 | |
Deposits with stated maturities | 429,909 | 433,414 | |
Borrowed funds | 360,940 | 337,694 | |
Accrued interest payable | 561 | 574 | |
Estimated Fair Value [Member] | |||
ASSETS | |||
Cash and cash equivalents | 21,834 | 22,894 | |
Mortgage loans AFS | 1,493 | 1,836 | |
Total loans | 1,029,290 | 991,009 | |
Less allowance for loan losses | 7,600 | 7,400 | |
Net loans | 1,021,690 | 983,609 | |
Accrued interest receivable | 5,686 | 6,580 | |
Originated mortgage servicing rights | 2,499 | 2,306 | |
LIABILITIES | |||
Deposits without stated maturities | 780,243 | 761,626 | |
Deposits with stated maturities | 427,877 | 430,088 | |
Borrowed funds | 361,076 | 336,975 | |
Accrued interest payable | $ 561 | $ 574 | |
[1] | Due to the characteristics of equity securities without readily determinable fair values, they are not disclosed under a specific fair value hierarchy. If we were to record an impairment adjustment related to these securities, such amount would be classified as a nonrecurring Level 3 fair value adjustment. |
Fair Value (Recorded amount of
Fair Value (Recorded amount of assets and liabilities measured at fair value) (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
AFS Securities | ||
AFS securities | $ 567,862 | $ 558,096 |
Fair value, total | 583,412 | 567,741 |
Level 1 [Member] | ||
AFS Securities | ||
Fair value, total | $ 3,665 | $ 3,425 |
Percent of assets and liabilities measured at fair value | 0.63% | 0.60% |
Level 2 [Member] | ||
AFS Securities | ||
Fair value, total | $ 564,401 | $ 554,919 |
Percent of assets and liabilities measured at fair value | 96.74% | 97.74% |
Level 3 [Member] | ||
AFS Securities | ||
Fair value, total | $ 15,346 | $ 9,397 |
Percent of assets and liabilities measured at fair value | 2.63% | 1.66% |
Recurring items [Member] | ||
AFS Securities | ||
AFS securities | $ 567,862 | $ 558,096 |
Derivative instruments | (204) | 248 |
Recurring items [Member] | Government sponsored enterprises [Member] | ||
AFS Securities | ||
AFS securities | 281 | 10,259 |
Recurring items [Member] | States and political subdivisions [Member] | ||
AFS Securities | ||
AFS securities | 222,093 | 212,919 |
Recurring items [Member] | Auction rate money market preferred [Member] | ||
AFS Securities | ||
AFS securities | 3,095 | 2,794 |
Recurring items [Member] | Preferred stock [Member] | ||
AFS Securities | ||
AFS securities | 3,665 | 3,425 |
Recurring items [Member] | Mortgage-backed securities [Member] | ||
AFS Securities | ||
AFS securities | 221,957 | 227,256 |
Recurring items [Member] | Collateralized mortgage obligations [Member] | ||
AFS Securities | ||
AFS securities | 116,771 | 101,443 |
Recurring items [Member] | Level 1 [Member] | ||
AFS Securities | ||
AFS securities | 3,665 | 3,425 |
Derivative instruments | 0 | 0 |
Recurring items [Member] | Level 1 [Member] | Government sponsored enterprises [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 1 [Member] | States and political subdivisions [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 1 [Member] | Auction rate money market preferred [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 1 [Member] | Preferred stock [Member] | ||
AFS Securities | ||
AFS securities | 3,665 | 3,425 |
Recurring items [Member] | Level 1 [Member] | Mortgage-backed securities [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 1 [Member] | Collateralized mortgage obligations [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 2 [Member] | ||
AFS Securities | ||
AFS securities | 564,197 | 554,671 |
Derivative instruments | 204 | 248 |
Recurring items [Member] | Level 2 [Member] | Government sponsored enterprises [Member] | ||
AFS Securities | ||
AFS securities | 281 | 10,259 |
Recurring items [Member] | Level 2 [Member] | States and political subdivisions [Member] | ||
AFS Securities | ||
AFS securities | 222,093 | 212,919 |
Recurring items [Member] | Level 2 [Member] | Auction rate money market preferred [Member] | ||
AFS Securities | ||
AFS securities | 3,095 | 2,794 |
Recurring items [Member] | Level 2 [Member] | Preferred stock [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 2 [Member] | Mortgage-backed securities [Member] | ||
AFS Securities | ||
AFS securities | 221,957 | 227,256 |
Recurring items [Member] | Level 2 [Member] | Collateralized mortgage obligations [Member] | ||
AFS Securities | ||
AFS securities | 116,771 | 101,443 |
Recurring items [Member] | Level 3 [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Derivative instruments | 0 | 0 |
Recurring items [Member] | Level 3 [Member] | Government sponsored enterprises [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 3 [Member] | States and political subdivisions [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 3 [Member] | Auction rate money market preferred [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 3 [Member] | Preferred stock [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 3 [Member] | Mortgage-backed securities [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Recurring items [Member] | Level 3 [Member] | Collateralized mortgage obligations [Member] | ||
AFS Securities | ||
AFS securities | 0 | 0 |
Nonrecurring items [Member] | ||
AFS Securities | ||
Impaired loans (net of the allowance for loan losses) | 15,117 | 9,166 |
Foreclosed assets | 229 | 231 |
Nonrecurring items [Member] | Level 1 [Member] | ||
AFS Securities | ||
Impaired loans (net of the allowance for loan losses) | 0 | 0 |
Foreclosed assets | 0 | 0 |
Nonrecurring items [Member] | Level 2 [Member] | ||
AFS Securities | ||
Impaired loans (net of the allowance for loan losses) | 0 | 0 |
Foreclosed assets | 0 | 0 |
Nonrecurring items [Member] | Level 3 [Member] | ||
AFS Securities | ||
Impaired loans (net of the allowance for loan losses) | 15,117 | 9,166 |
Foreclosed assets | $ 229 | $ 231 |
Fair Value (Narrative) (Details
Fair Value (Narrative) (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Valuation Adjustments | $ 0 | $ 0 | $ 28,000 | $ 0 | |
Federal Funds Purchased, Securities Sold Under Agreements To Repurchase, And Other Borrowings [Member] | Maximum [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Debt instrument, term | 90 days | ||||
Level 3 [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Impairments recorded on equity securities without readily determinable fair values | $ 0 | 0 | |||
Impairments recorded on goodwill and other acquisition intangibles | 0 | $ 0 | |||
Nonrecurring items [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Real Estate Owned, Fair Value Disclosure | 229,000 | 229,000 | $ 231,000 | ||
Nonrecurring items [Member] | Level 3 [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Real Estate Owned, Fair Value Disclosure | $ 229,000 | $ 229,000 | $ 231,000 |
Accumulated Other Comprehensi66
Accumulated Other Comprehensive Income (Loss) (Changes in AOCI by component) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | $ 142 | $ 245 | $ 142 | $ 245 |
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Beginning Balance | (1,540) | 5,018 | (2,778) | 221 |
OCI before reclassifications | 2,509 | 3,915 | 4,203 | 11,189 |
Amounts reclassified from AOCI | (142) | (245) | (142) | (245) |
Net unrealized gains (losses) | 2,367 | 3,670 | 4,061 | 10,944 |
Tax effect | (741) | (1,121) | (1,197) | (3,598) |
Unrealized gains (losses), net of tax | 1,626 | 2,549 | 2,864 | 7,346 |
Ending Balance | 86 | 7,567 | 86 | 7,567 |
Unrealized Holding Gains (Losses) on AFS Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | 142 | 245 | 142 | 245 |
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Beginning Balance | 1,257 | 8,333 | 30 | 3,536 |
OCI before reclassifications | 2,570 | 4,067 | 4,247 | 11,341 |
Amounts reclassified from AOCI | (142) | (245) | (142) | (245) |
Net unrealized gains (losses) | 2,428 | 3,822 | 4,105 | 11,096 |
Tax effect | (762) | (1,173) | (1,212) | (3,650) |
Unrealized gains (losses), net of tax | 1,666 | 2,649 | 2,893 | 7,446 |
Ending Balance | 2,923 | 10,982 | 2,923 | 10,982 |
Defined Benefit Pension Plan [Member] | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Beginning Balance | (2,972) | (3,315) | (2,972) | (3,315) |
OCI before reclassifications | 0 | 0 | 0 | 0 |
Amounts reclassified from AOCI | 0 | 0 | 0 | 0 |
Net unrealized gains (losses) | 0 | 0 | 0 | 0 |
Tax effect | 0 | 0 | 0 | 0 |
Unrealized gains (losses), net of tax | 0 | 0 | 0 | 0 |
Ending Balance | (2,972) | (3,315) | (2,972) | (3,315) |
Gain (Loss) on Derivative Instruments [Member] | ||||
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Beginning Balance | 175 | 0 | 164 | 0 |
OCI before reclassifications | (61) | (152) | (44) | (152) |
Amounts reclassified from AOCI | 0 | 0 | 0 | 0 |
Net unrealized gains (losses) | (61) | (152) | (44) | (152) |
Tax effect | 21 | 52 | 15 | 52 |
Unrealized gains (losses), net of tax | (40) | (100) | (29) | (100) |
Ending Balance | 135 | (100) | 135 | (100) |
Auction Rate Money Market Preferred Stocks [Member] | Unrealized Holding Gains (Losses) on AFS Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | 0 | 0 | 0 | 0 |
AOCI Attributable to Parent, Net of Tax [Roll Forward] | ||||
Unrealized gains (losses), net of tax | $ 186 | $ 372 | $ 541 | $ 360 |
Accumulated Other Comprehensi67
Accumulated Other Comprehensive Income (Loss) (Components of unrealized holding gains on AFS securities) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Unrealized gains (losses) on AFS securities arising during the period | $ 2,570 | $ 4,067 | $ 4,247 | $ 11,341 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | (142) | (245) | (142) | (245) |
Tax effect | (762) | (1,173) | (1,212) | (3,650) |
Unrealized gains (losses), net of tax | 1,626 | 2,549 | 2,864 | 7,346 |
Unrealized Holding Gains (Losses) on AFS Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Unrealized gains (losses) on AFS securities arising during the period | 2,570 | 4,067 | 4,247 | 11,341 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | (142) | (245) | (142) | (245) |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Tax, Portion Attributable to Parent | 2,428 | 3,822 | 4,105 | 11,096 |
Tax effect | (762) | (1,173) | (1,212) | (3,650) |
Unrealized gains (losses), net of tax | 1,666 | 2,649 | 2,893 | 7,446 |
Unrealized Holding Gains (Losses) on AFS Securities [Member] | Auction Rate Money Market Preferred and Preferred Stocks [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Unrealized gains (losses) on AFS securities arising during the period | 186 | 372 | 541 | 360 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | 0 | 0 | 0 | 0 |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Tax, Portion Attributable to Parent | 186 | 372 | 541 | 360 |
Tax effect | 0 | 0 | 0 | 0 |
Unrealized gains (losses), net of tax | 186 | 372 | 541 | 360 |
Unrealized Holding Gains (Losses) on AFS Securities [Member] | All Other AFS Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Unrealized gains (losses) on AFS securities arising during the period | 2,384 | 3,695 | 3,706 | 10,981 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | (142) | (245) | (142) | (245) |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Tax, Portion Attributable to Parent | 2,242 | 3,450 | 3,564 | 10,736 |
Tax effect | (762) | (1,173) | (1,212) | (3,650) |
Unrealized gains (losses), net of tax | 1,480 | 2,277 | 2,352 | 7,086 |
Accumulated Defined Benefit Plans Adjustment [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Unrealized gains (losses), net of tax | $ 0 | $ 0 | $ 0 | $ 0 |
Parent Company Only Financial68
Parent Company Only Financial Information (Interim Condensed Balance Sheets) (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 | Jun. 30, 2016 | Dec. 31, 2015 |
ASSETS | ||||
AFS securities | $ 567,862 | $ 558,096 | ||
Premises and equipment | 28,679 | 29,314 | ||
Other assets | 12,190 | 13,576 | ||
TOTAL ASSETS | 1,777,298 | 1,732,151 | ||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||
Shareholders' equity | 195,070 | 187,899 | $ 195,133 | $ 183,971 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 1,777,298 | 1,732,151 | ||
Parent Company [Member] | ||||
ASSETS | ||||
Cash on deposit at subsidiary Bank | 1,144 | 1,297 | ||
AFS securities | 0 | 251 | ||
Investments in subsidiaries | 145,128 | 138,549 | ||
Premises and equipment | 1,940 | 1,991 | ||
Other assets | 52,673 | 52,846 | ||
TOTAL ASSETS | 200,885 | 194,934 | ||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||
Other liabilities | 5,815 | 7,035 | ||
Shareholders' equity | 195,070 | 187,899 | ||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 200,885 | $ 194,934 |
Parent Company Only Financial69
Parent Company Only Financial Information (Interim Condensed Statements of Income) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Expenses | ||||
Compensation and benefits | $ 4,833 | $ 4,684 | $ 10,509 | $ 9,472 |
Occupancy and equipment | 815 | 788 | 1,652 | 1,598 |
ProfesDonations and community relations | 237 | 186 | 435 | 345 |
Other | 2,507 | 2,406 | 4,601 | 4,593 |
Federal income tax benefit | (898) | (655) | (1,430) | (1,092) |
NET INCOME | 3,844 | 3,407 | 6,980 | 6,424 |
Parent Company [Member] | ||||
Income | ||||
Dividends from subsidiaries | 2,600 | 2,000 | 4,300 | 3,600 |
Interest income | 0 | 4 | 2 | 8 |
Management fee and other | 1,691 | 1,758 | 3,241 | 3,282 |
Total income | 4,291 | 3,762 | 7,543 | 6,890 |
Expenses | ||||
Compensation and benefits | 1,118 | 1,184 | 2,490 | 2,384 |
Occupancy and equipment | 432 | 413 | 876 | 843 |
ProfesDonations and community relations | 140 | 100 | 264 | 196 |
Other | 634 | 588 | 1,175 | 1,134 |
Total expenses | 2,324 | 2,285 | 4,805 | 4,557 |
Income before income tax benefit and equity in undistributed earnings of subsidiaries | 1,967 | 1,477 | 2,738 | 2,333 |
Federal income tax benefit | 212 | 171 | 528 | 417 |
Income before equity in undistributed earnings of subsidiaries | 2,179 | 1,648 | 3,266 | 2,750 |
Undistributed earnings of subsidiaries | 1,665 | 1,759 | 3,714 | 3,674 |
NET INCOME | $ 3,844 | $ 3,407 | $ 6,980 | $ 6,424 |
Parent Company Only Financial70
Parent Company Only Financial Information (Interim Condensed Statements of Cash Flows) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Operating activities | ||||
Net income | $ 3,844 | $ 3,407 | $ 6,980 | $ 6,424 |
Adjustments to reconcile net income to cash provided by operations | ||||
Share-based payment awards | 302 | 273 | ||
Depreciation | 1,440 | 1,438 | ||
Changes in operating assets and liabilities which used cash | ||||
Other assets | (1,734) | (667) | ||
Accrued interest and other liabilities | (382) | (238) | ||
Net cash provided by (used in) operating activities | 8,687 | 8,833 | ||
Investing activities | ||||
Purchases of premises and equipment | (805) | (1,351) | ||
Net cash provided by (used in) investing activities | (45,130) | (1,658) | ||
Financing activities | ||||
Cash dividends paid on common stock | (3,920) | (3,744) | ||
Proceeds from the issuance of common stock | 3,764 | 2,489 | ||
Common stock repurchased | (2,622) | (1,462) | ||
Common stock purchased for deferred compensation obligations | (197) | (164) | ||
Net cash provided by (used in) financing activities | 35,383 | (1,710) | ||
Increase (decrease) in cash and cash equivalents | (1,060) | 5,465 | ||
Cash and cash equivalents at beginning of period | 22,894 | 21,569 | ||
Cash and cash equivalents at end of period | 21,834 | 27,034 | 21,834 | 27,034 |
Parent Company [Member] | ||||
Operating activities | ||||
Net income | 3,844 | 3,407 | 6,980 | 6,424 |
Adjustments to reconcile net income to cash provided by operations | ||||
Undistributed earnings of subsidiaries | (3,714) | (3,674) | ||
Undistributed earnings of equity securities without readily determinable fair values | 93 | (141) | ||
Share-based payment awards | 302 | 273 | ||
Depreciation | 77 | 81 | ||
Changes in operating assets and liabilities which used cash | ||||
Other assets | 80 | 108 | ||
Accrued interest and other liabilities | (1,219) | (1,692) | ||
Net cash provided by (used in) operating activities | 2,599 | 1,379 | ||
Investing activities | ||||
Maturities, calls, principal payments, and sales of AFS securities | 249 | 0 | ||
Purchases of premises and equipment | (26) | (69) | ||
Net cash provided by (used in) investing activities | 223 | (69) | ||
Financing activities | ||||
Cash dividends paid on common stock | (3,920) | (3,744) | ||
Proceeds from the issuance of common stock | 3,764 | 2,489 | ||
Common stock repurchased | (2,622) | (1,462) | ||
Common stock purchased for deferred compensation obligations | (197) | (164) | ||
Net cash provided by (used in) financing activities | (2,975) | (2,881) | ||
Increase (decrease) in cash and cash equivalents | (153) | (1,571) | ||
Cash and cash equivalents at beginning of period | 1,297 | 4,125 | ||
Cash and cash equivalents at end of period | $ 1,144 | $ 2,554 | $ 1,144 | $ 2,554 |
Operating Segments (Narrative)
Operating Segments (Narrative) (Details) | Jun. 30, 2017 | Jun. 30, 2016 |
Segment Reporting [Abstract] | ||
Percentage of reportable segments total assets and operating results, or more | 90.00% | 90.00% |