Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2017 | Feb. 28, 2018 | Jun. 30, 2017 | |
Document And Entity Information [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2017 | ||
Document Fiscal Year Focus | 2,017 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | Civb | ||
Entity Registrant Name | CIVISTA BANCSHARES, INC. | ||
Entity Central Index Key | 944,745 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 10,209,021 | ||
Entity Public Float | $ 202,025,476 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and due from financial institutions | $ 40,519 | $ 36,695 |
Securities available for sale | 231,062 | 195,864 |
Loans held for sale | 2,197 | 2,268 |
Loans, net of allowance of $13,134 and $13,305 | 1,151,527 | 1,042,201 |
Other securities | 14,247 | 14,055 |
Premises and equipment, net | 17,611 | 17,920 |
Accrued interest receivable | 4,488 | 3,854 |
Goodwill | 27,095 | 27,095 |
Other intangible assets | 1,279 | 1,784 |
Bank owned life insurance | 25,125 | 24,552 |
Other assets | 10,707 | 10,975 |
Total assets | 1,525,857 | 1,377,263 |
Deposits | ||
Noninterest-bearing | 361,964 | 345,588 |
Interest-bearing | 842,959 | 775,515 |
Total deposits | 1,204,923 | 1,121,103 |
Federal Home Loan Bank advances | 71,900 | 48,500 |
Securities sold under agreements to repurchase | 21,755 | 28,925 |
Subordinated debentures | 29,427 | 29,427 |
Accrued expenses and other liabilities | 13,391 | 11,692 |
Total liabilities | 1,341,396 | 1,239,647 |
SHAREHOLDERS’ EQUITY | ||
Preferred shares, no par value, 200,000 shares authorized Series B Preferred shares, $1,000 liquidation preference, 18,760 shares issued at December 31, 2017 and 20,481 shares issued at December 31, 2016, net of issuance costs | 17,358 | 18,950 |
Common shares, no par value, 20,000,000 shares authorized, 10,946,439 shares issued at December 31, 2017 and 9,091,473 shares issued at December 31, 2016 | 153,810 | 118,975 |
Accumulated earnings | 31,652 | 19,263 |
Treasury stock, 747,964 common shares at cost | (17,235) | (17,235) |
Accumulated other comprehensive loss | (1,124) | (2,337) |
Total shareholders’ equity | 184,461 | 137,616 |
Total liabilities and shareholders’ equity | $ 1,525,857 | $ 1,377,263 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Statement Of Financial Position [Abstract] | ||
Allowance for loan losses | $ 13,134 | $ 13,305 |
Preferred stock, no par value | ||
Preferred stock, shares authorized | 200,000 | 200,000 |
Preferred stock, liquidation preference | $ 1,000 | $ 1,000 |
Preferred stock, shares issued | 18,760 | 20,481 |
Common stock, no par value | ||
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares issued | 10,946,439 | 9,091,473 |
Treasury stock, shares | 747,964 | 747,964 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Interest and dividend income | |||
Loans, including fees | $ 51,198 | $ 47,186 | $ 44,784 |
Taxable securities | 3,745 | 3,319 | 3,232 |
Tax-exempt securities | 3,153 | 2,666 | 2,583 |
Federal funds sold and other | 498 | 396 | 102 |
Total interest and dividend income | 58,594 | 53,567 | 50,701 |
Interest expense | |||
Deposits | 2,342 | 1,996 | 2,087 |
Federal Home Loan Bank advances | 695 | 405 | 442 |
Subordinated debentures | 1,035 | 884 | 760 |
Securities sold under agreements to repurchase and other | 20 | 23 | 20 |
Total interest expense | 4,092 | 3,308 | 3,309 |
Net interest income | 54,502 | 50,259 | 47,392 |
Provision (credit) for loan losses | (1,300) | 1,200 | |
Net interest income after provision (credit) for loan losses | 54,502 | 51,559 | 46,192 |
Noninterest income | |||
Service charges | 4,777 | 4,832 | 4,708 |
Net gain (loss) on sale of securities | 12 | 19 | (18) |
Net gain on sale of loans | 1,745 | 1,750 | 1,106 |
ATM fees | 2,304 | 2,094 | 1,986 |
Wealth management fees | 3,068 | 2,678 | 2,823 |
Bank owned life insurance | 573 | 563 | 467 |
Tax refund processing fees | 2,750 | 2,750 | 2,000 |
Computer center item processing fees | 246 | 251 | 267 |
Net gain (loss) on sale of other real estate owned | (28) | 152 | 199 |
Other | 887 | 1,043 | 740 |
Total noninterest income | 16,334 | 16,132 | 14,278 |
Noninterest expense | |||
Compensation expense | 29,253 | 25,323 | 23,630 |
Net occupancy expense | 2,689 | 2,700 | 2,416 |
Equipment expense | 1,564 | 1,641 | 1,503 |
Contracted data processing | 1,838 | 1,546 | 1,821 |
FDIC Assessment | 502 | 611 | 864 |
State franchise tax | 1,024 | 923 | 847 |
Professional services | 2,300 | 1,895 | 2,461 |
Amortization of intangible assets | 586 | 699 | 711 |
ATM expense | 847 | 605 | 674 |
Marketing expense | 817 | 929 | 1,039 |
Repossession expense | 279 | 253 | 508 |
Other operating expenses | 6,905 | 6,730 | 6,470 |
Total noninterest expense | 48,604 | 43,855 | 42,944 |
Income before income taxes | 22,232 | 23,836 | 17,526 |
Income taxes | 6,360 | 6,619 | 4,781 |
Net income | 15,872 | 17,217 | 12,745 |
Preferred share dividends | 1,244 | 1,501 | 1,577 |
Net income available to common shareholders | $ 14,628 | $ 15,716 | $ 11,168 |
Earnings per common share, basic | $ 1.48 | $ 1.96 | $ 1.43 |
Earnings per common share, diluted | $ 1.28 | $ 1.57 | $ 1.17 |
Consolidated Comprehensive Inco
Consolidated Comprehensive Income statements - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Statement Of Income And Comprehensive Income [Abstract] | |||
Net income | $ 15,872 | $ 17,217 | $ 12,745 |
Other comprehensive income (loss): | |||
Unrealized holding gains (loss) on available for sale securities | 987 | (2,342) | (267) |
Tax effect | (375) | 796 | 91 |
Pension liability adjustment | 1,129 | (448) | (412) |
Tax effect | (329) | 152 | 140 |
Total other comprehensive income (loss) | 1,412 | (1,842) | (448) |
Comprehensive income | $ 17,284 | $ 15,375 | $ 12,297 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands | Total | Preferred Shares [Member] | Common Shares [Member] | Accumulated (Deficit) Earnings [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive Loss [Member] |
Beginning balance at Dec. 31, 2014 | $ 115,909 | $ 23,132 | $ 114,365 | $ (4,306) | $ (17,235) | $ (47) |
Balance, shares at Dec. 31, 2014 | 25,000 | 7,707,917 | ||||
Net income | 12,745 | 12,745 | ||||
Other comprehensive income (loss) | (448) | (448) | ||||
Conversion of Series B preferred shares to common shares | $ (859) | $ 859 | ||||
Conversion of Series B preferred shares to common shares, shares | (928) | 118,678 | ||||
Stock-based compensation | 106 | $ 106 | ||||
Stock-based compensation, shares | 16,983 | |||||
Cash dividends ($0.20, $0.22, and $0.25 per share for the year 2015, 2016 and 2017 respectively) | (1,562) | (1,562) | ||||
Preferred share dividends | (1,577) | (1,577) | ||||
Ending balance at Dec. 31, 2015 | 125,173 | $ 22,273 | $ 115,330 | 5,300 | (17,235) | (495) |
Balance, shares at Dec. 31, 2015 | 24,072 | 7,843,578 | ||||
Net income | 17,217 | 17,217 | ||||
Other comprehensive income (loss) | (1,842) | (1,842) | ||||
Conversion of Series B preferred shares to common shares | (1) | $ (3,323) | $ 3,322 | |||
Conversion of Series B preferred shares to common shares, shares | (3,591) | 459,192 | ||||
Stock-based compensation | 323 | $ 323 | ||||
Stock-based compensation, shares | 40,739 | |||||
Cash dividends ($0.20, $0.22, and $0.25 per share for the year 2015, 2016 and 2017 respectively) | (1,753) | (1,753) | ||||
Preferred share dividends | (1,501) | (1,501) | ||||
Ending balance at Dec. 31, 2016 | 137,616 | $ 18,950 | $ 118,975 | 19,263 | (17,235) | (2,337) |
Balance, shares at Dec. 31, 2016 | 20,481 | 8,343,509 | ||||
Net income | 15,872 | 15,872 | ||||
Other comprehensive income (loss) | 1,412 | 1,412 | ||||
Reclassification of certain income tax effects from accumulated other comprehensive loss | 199 | 199 | (199) | |||
Conversion of Series B preferred shares to common shares | $ (1,592) | $ 1,592 | ||||
Conversion of Series B preferred shares to common shares, shares | (1,721) | 220,108 | ||||
Common share issuance, net of costs | 32,821 | $ 32,821 | ||||
Common stock issuance, net of costs, shares | 1,610,000 | |||||
Stock-based compensation | 426 | $ 426 | ||||
Stock-based compensation, shares | 25,069 | |||||
Cash dividends ($0.20, $0.22, and $0.25 per share for the year 2015, 2016 and 2017 respectively) | (2,438) | (2,438) | ||||
Preferred share dividends | (1,244) | (1,244) | ||||
Retirement of common share | (4) | $ (4) | ||||
Retirement of common stock, shares | (211) | |||||
Ending balance at Dec. 31, 2017 | $ 184,461 | $ 17,358 | $ 153,810 | $ 31,652 | $ (17,235) | $ (1,124) |
Balance, shares at Dec. 31, 2017 | 18,760 | 10,198,475 |
Consolidated Statements of Cha7
Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Accumulated (Deficit) Earnings [Member] | |||
Common stock dividends per share | $ 0.25 | $ 0.22 | $ 0.20 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Cash flows from operating activities: | |||
Net income | $ 15,872 | $ 17,217 | $ 12,745 |
Adjustments to reconcile net income to net cash from operating activities | |||
Security amortization, net | 1,263 | 1,383 | 1,410 |
Depreciation | 1,249 | 1,257 | 1,193 |
Amortization of intangible assets | 586 | 699 | 711 |
Amortization (Accretion) of net deferred loan fees | 317 | (172) | (155) |
Net (gain) loss on sale of securities | (12) | (19) | 18 |
Provision (credit) for loan losses | (1,300) | 1,200 | |
Loans originated for sale | (76,493) | (67,295) | (48,745) |
Proceeds from sale of loans | 78,309 | 69,475 | 49,637 |
Net gain on sale of loans | (1,745) | (1,750) | (1,180) |
Net loss on sale of manufactured home loans | 74 | ||
Net (gain) loss on sale of other real estate owned | 28 | (152) | (199) |
Gain on sale of fixed assets | (67) | (1) | |
Increase in cash surrender value of bank owned life insurance | (573) | (563) | (467) |
Share-based compensation | 426 | 323 | 106 |
Change in Accrued interest payable | 229 | 61 | (11) |
Accrued interest receivable | (634) | 48 | 144 |
Deferred taxes | 946 | 170 | (410) |
Other, net | 1,118 | (1,672) | (998) |
Net cash from operating activities | 20,819 | 17,709 | 15,073 |
Cash flows used for investing activities: | |||
Maturities and calls of securities, available-for-sale | 34,379 | 34,089 | 29,733 |
Sale of securities, available for sale | 953 | 4,349 | |
Purchases of securities, available-for-sale | (70,794) | (41,759) | (29,772) |
Redemption of other securities | 138 | ||
Purchases of other securities | (192) | (603) | (288) |
Net cash from acquisition | 926 | ||
Purchases of bank owned life insurance | (3,885) | ||
Net loan originations | (109,737) | (52,022) | (10,225) |
Loans purchased, installment | (1,643) | (4,774) | |
Proceeds from sale of manufactured homes | 3,492 | ||
Proceeds from sale of OREO properties | 87 | 333 | 865 |
Premises and equipment purchases | (1,015) | (2,437) | (1,999) |
Proceeds from sale of premises and equipment | 139 | 3 | |
Net cash used for investing activities | (146,180) | (63,575) | (11,904) |
Cash flows from financing activities: | |||
Increase (decrease) in deposits | 83,820 | 69,070 | (3,754) |
Net change in short-term FHLB advances | 25,900 | (22,700) | 11,000 |
Repayment of long-term FHLB advances | (2,500) | (5,000) | |
Net proceeds from issuance of common shares | 32,821 | ||
Net change in securities sold under repurchase agreements | (7,170) | 3,885 | 3,427 |
Cash payment for repurchase of common shares | (4) | ||
Cash paid on fractional shares on conversion of preferred shares | (1) | ||
Cash dividends paid | (3,682) | (3,254) | (3,139) |
Net cash from financing activities | 129,185 | 47,000 | 2,534 |
Increase in cash and due from financial institutions | 3,824 | 1,134 | 5,703 |
Cash and due from financial institutions at beginning of year | 36,695 | 35,561 | 29,858 |
Cash and due from financial institutions at end of year | 40,519 | 36,695 | 35,561 |
Supplemental disclosures of cash flow information: | |||
Interest paid | 3,863 | 3,247 | 3,320 |
Income taxes paid | 5,950 | 5,900 | 3,650 |
Transfer of loans from portfolio to other real estate owned | 94 | 102 | 222 |
Transfer of premises to held-for-sale | 3 | 202 | |
Conversion of preferred shares to common shares | 1,592 | $ 3,322 | 859 |
Securities purchased not settled | $ 1,291 | ||
Noncash assets acquired: | |||
Loans receivable | 76,444 | ||
Other securities | 716 | ||
Accrued interest receivable | 194 | ||
Premises and equipment, net | 1,738 | ||
Core deposit intangible | 1,009 | ||
Other assets | 472 | ||
Total non cash assets acquired | 80,573 | ||
Liabilities assumed: | |||
Deposits | 86,869 | ||
Other liabilities | 5 | ||
Total liabilities assumed | 86,874 | ||
Net noncash liabilities acquired | $ 6,301 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2017 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following is a summary of the accounting policies adopted by Civista Bancshares, Inc., which have a significant effect on the Consolidated Financial Statements. Nature of Operations and Principles of Consolidation The Company provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Summit, Huron, Ottawa, Madison, Montgomery and Richland. Its primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are residential mortgage, commercial, and installment loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets and commercial and residential real estate. Commercial loans are expected to be repaid from cash flow from operations of businesses. There are no significant concentrations of loans to any one industry or customer. However, our customers’ ability to repay their loans is dependent on the real estate and general economic conditions in the area. Other financial instruments that potentially represent concentrations of credit risk include deposit accounts in other financial institutions. FCIA was formed to allow the Company to participate in commission revenue generated through its third party insurance agreement. Insurance commission revenue was less than 1.0% of total revenue for the years ended December 31, 2017, 2016 and 2015. WSP was formed to hold repossessed assets of CBI’s subsidiaries. WSP revenue was less than 1% of total revenue for the years ended December 31, 2017, 2016 and 2015. FCRS was formed in 2012 and remained inactive for the periods presented. CRMI was formed in 2017 to provide property and casualty insurance coverage to CBI and its’ subsidiaries for which insurance may not be currently available or economically feasible in the insurance marketplace. CRMI revenue was less than 1% of total revenue for the year ended December 31, 2017. Use of Estimates Cash Flows Securities NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage backed securities where prepayments are anticipated. Gains and losses on sales are based on the amortized cost of the security sold using the specific identification method. U.S. generally accepted accounting principles (“GAAP”) guidance specifies that if (a) a company does not have the intent to sell a debt security prior to recovery and (b) it is more-likely-than-not that it will not have to sell the debt security prior to recovery, the security would not be considered other-than-temporarily impaired unless there is a credit loss. When an entity does not intend to sell the security, and it is more-likely-than-not the entity will not have to sell the security before recovery of its cost basis, it will recognize the credit component of other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held-to-maturity debt securities, the amount of other-than-temporary impairment recorded in other comprehensive income for the non-credit portion of a previous other-than-temporary impairment should be amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. For available-for-sale debt securities that management has no intent to sell and believes that it more-likely-than-not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the non-credit loss is recognized in accumulated other comprehensive income. The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections. Other securities which include FHLB stock, Federal Reserve Bank (“FRB”) stock, Federal Agricultural Mortgage Corporation stock, Bankers’ Bancshares Inc. (“BB”) stock, and Norwalk Community Development Corp (“NCDC”) stock are carried at cost. Loans Held for Sale: Loans: Interest income on mortgage and commercial loans is discontinued at the time the loan is 90 days delinquent unless the credit is well-secured and in process of collection. Interest income on consumer loans is discontinued when management determines future collection is unlikely. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued, but not received, for loans placed on nonaccrual, is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Purchased Loans: Purchased loans are accounted for individually or aggregated into pools of loans based on common risk characteristics (e.g., credit score, loan type, and date of origination). The Company estimates the amount and timing of expected cash flows for each purchased loan or pool, and the expected cash flows in excess of amount paid is recorded as interest income over the remaining life of the loan or pool (accretable yield). The excess of the loan’s, or pool’s, contractual principal and interest over expected cash flows is not recorded (nonaccretable difference). Over the life of the loan or pool, expected cash flows continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded. If the present value of expected future cash flows is greater than the carrying amount, the excess is recognized as part of future interest income. Allowance for Loan Losses: All commercial, commercial real estate and farm real estate loans are monitored on a regular basis with a detailed loan review completed for all loan relationships greater than $750. All commercial, commercial real estate and farm real estate loans that are 90 days past due or in nonaccrual status, are analyzed to determine if they are “impaired”, which means that it is probable that all amounts will not be collected according to the contractual terms of the loan agreement. All loans that are delinquent 90 days are classified as substandard and placed on nonaccrual status unless they are well-secured and in the process of collection. The remaining loans are evaluated and segmented with loans with similar risk characteristics. The Company allocates reserves based on risk categories and portfolio segments described below, which conform to the Company’s asset classification policy. In reviewing risk within Civista’s loan portfolio, management has identified specific segments to categorize loan portfolio risk: (i) Commercial & Agriculture loans; (ii) Commercial Real Estate – Owner Occupied loans; (iii) Commercial Real Estate – Non-Owner Occupied loans; (iv) Residential Real Estate loans; (v) Real Estate Construction loans; (vi) Farm Real Estate loans; and (vii) Consumer and Other loans. Additional information related to economic factors can be found in Note 5. NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Loan Charge-off Policies: Troubled Debt Restructurings: Other Real Estate: Premises and Equipment: Federal Home Loan Bank Stock a b c d NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Federal Reserve Bank Stock Bank Owned Life Insurance (BOLI) Goodwill and Other Intangible Assets: Other intangible assets consist of core deposit intangibles arising from whole bank and branch acquisitions. These intangible assets are measured at fair value and then amortized on an accelerated method over their estimated useful lives, which range from five to twelve years. Servicing Rights Long-term Assets: Repurchase Agreements Loan Commitments and Related Financial Instruments: Income Taxes The Company prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Benefits from tax positions should be recognized in the financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. Stock-Based Compensation Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Retirement Plans Earnings per Common Share Comprehensive Income Loss Contingencies Restrictions on Cash Dividend Restriction NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Fair Value of Financial Instruments Operating Segments Business Combinations: Derivative Instruments and Hedging Activities Derivatives and Hedging Reclassifications: NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Effect of Newly Issued but Not Yet Effective Accounting Standards: In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers Revenue from Contracts with Customers In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805), Clarifying the Definition of a Business In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) goodwill impairment tests in fiscal years beginning after December 15, 2021. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In March 2017, the FASB issued ASU 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20). In May 2017, the FASB issued ASU 2017-09, Compensation – Stock Compensation (Topic 718) In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), and Derivative and Hedging (Topic 815) Debt—Debt with Conversion and Other Options NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) For public business entities, the amendments in Part I of this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. For all other entities, the amendments in Part I of this Update are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted for all entities, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The amendments in Part I of this Update should be applied either retrospectively to outstanding financial instruments with a down-round feature by means of a cumulative-effect adjustment to the statement of financial position as of the beginning of the first fiscal year and interim period(s) in which the pending content that links to this paragraph is effective or retrospectively to outstanding financial instruments with a down-round feature for each prior reporting period presented in accordance with the guidance on accounting changes in paragraphs 250-10-45-5 through 45-10. The amendments in Part II of this Update do not require any transition guidance because those amendments do not have an accounting effect. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 850) In September 2017, the FASB issued ASU 2017-13, Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606), Leases (Topic 840), and Leases (Topic 842 Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments. Revenue from Contracts with Customers Leases In January 2018, the FASB issued ASU 2018-01, Leases (Topic 842) NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) requirements for the amendments are the same as the effective date and transition requirements in ASU 2016-02. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In February 2018, the FASB issued ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220) An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018 (Tax Cuts and Jobs Act) |
Merger
Merger | 12 Months Ended |
Dec. 31, 2017 | |
Business Combinations [Abstract] | |
Merger | NOTE 2 - MERGER On March 6, 2015, CBI completed the acquisition by merger of TCNB Financial Corp. (“TCNB”) in an all-cash transaction for aggregate consideration of $17,226, or $23.50 per share of TCNB stock. The Company and TCNB had first announced that they had entered into an agreement to merge in September of 2014. Immediately following the merger, TCNB’s banking subsidiary, The Citizens National Bank of Southwestern Ohio, was merged into CBI’s banking subsidiary, Civista Bank. At the time of the merger, TCNB had total assets of $97,479, including $76,771 in loans, and $86,708 in deposits. The transaction was recorded as a purchase and, accordingly, the operating results of TCNB have been included in the Company’s Consolidated Financial Statements since the close of business on March 6, 2015. The aggregate of the purchase price over the fair value of the net assets acquired of approximately $5,375 was recorded as goodwill and will be evaluated for impairment on an annual basis. Merger-related costs were $391 as of December 31, 2015. These costs were primarily included in salaries, wages and benefits, contracted data processing and professional services on the Consolidated Statements of Operations. The following table presents financial information for the former TCNB included in the Consolidated Statements of Operations from the date of acquisition through December 31, 2015. Actual From Acquisition Date Through December 31, 2015 (in thousands) Net interest income after provision for loan losses $ 3,155 Noninterest income 138 Net income 1,282 NOTE 2 – MERGER (Continued) The following table presents unaudited pro forma information for the periods ended December 31, 2017, 2016 and 2015 as if the acquisition of TCNB had occurred on January 1, 2015. This table has been prepared for comparative purposes only and is not indicative of the actual results that would have been attained had the acquisition occurred as of the beginning of the periods presented, nor is it indicative of future results. Pro Formas (unaudited) Twelve months ended December 31, 2017 2016 2015 Net interest income after provision for loan losses $ 54,456 $ 51,389 $ 46,852 Noninterest income 16,334 16,132 14,699 Net income 15,769 16,949 11,931 Pro forma earnings per share: Basic $ 1.47 $ 1.93 $ 1.32 Diluted $ 1.28 $ 1.55 $ 1.09 The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for TCNB. Core deposit intangibles will be amortized over periods of between five and ten years using an accelerated method. Goodwill will not be amortized, but instead will be evaluated for impairment. At March 6, 2015 Total purchase price $ 17,226 Net assets acquired: Cash and short-term investments 18,152 Loans, net 76,444 Other securities 716 Premises and equipment 1,738 Accrued interest receivable 194 Core deposit intangible 1,009 Other assets 472 Noninterest-bearing deposits (18,263 ) Interest-bearing deposits (68,606 ) Other liabilities (5 ) 11,851 Goodwill $ 5,375 The assets and liabilities acquired in the TCNB merger were measured at fair value. Management made certain estimates and exercised judgment in accounting for the acquisition. The following is a description of the methods used to determine fair value of significant assets and liabilities at the acquisition date: Cash and short-term investments: Loans: NOTE 2 – MERGER (Continued) Consumer and other loans. The fair value of the performing loan portfolio includes separate adjustments to reflect a credit risk and marketability component and a yield component reflecting the differential between portfolio and market yields. Additionally, certain loans were valued based on their observable sales price. Loans acquired with credit deterioration of $831 were individually evaluated to estimate credit losses and a net recovery amount for each loan. The net cash flows for each loan were then discounted to present value using a risk-adjusted market rate. Deposits: |
Securities
Securities | 12 Months Ended |
Dec. 31, 2017 | |
Investments Debt And Equity Securities [Abstract] | |
Securities | NOTE 3 - SECURITIES The amortized cost and fair value of available for sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive loss were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value 2017 U.S. Treasury securities and obligations of U.S.government agencies $ 30,450 $ 100 $ (192 ) $ 30,357 Obligations of states and political subdivisions 114,002 4,226 (172 ) 118,056 Mortgage-back securities in government sponsored entities 82,098 408 (690 ) 81,817 Total debt securities 226,550 4,734 (1,054 ) 230,230 Equity securities in financial institutions 481 351 — 832 Total $ 227,031 $ 5,085 $ (1,054 ) $ 231,062 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value 2016 U.S. Treasury securities and obligations of U.S.government agencies $ 37,406 $ 117 $ (77 ) $ 37,446 Obligations of states and political subdivisions 92,177 3,395 (574 ) 94,998 Mortgage-back securities in government sponsored entities 62,756 483 (597 ) 62,642 Total debt securities 192,339 3,995 (1,248 ) 195,086 Equity securities in financial institutions 481 297 — 778 Total $ 192,820 $ 4,292 $ (1,248 ) $ 195,864 The amortized cost and fair value of securities at year end 2017 by contractual maturity were as follows. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately. Available for sale Amortized Cost Fair Value Due in one year or less $ 8,787 $ 8,765 Due from one to five years 27,662 27,691 Due from five to ten years 30,167 31,622 Due after ten years 77,836 80,335 Mortgage-backed securities in government sponsored entities 82,098 81,817 Equity securities in financial institutions 481 832 Total $ 227,031 $ 231,062 NOTE 3 – SECURITIES (Continued) Securities with a carrying value of $122,862 and $139,179 were pledged as of December 31, 2017 and 2016, respectively, to secure public deposits, other deposits and liabilities as required or permitted by law. Proceeds from sales of securities, gross realized gains and gross realized losses were as follows: 2017 2016 2015 Sale proceeds $ 953 $ 4,349 $ — Gross realized gains — 18 — Gross realized losses — — — Gains (losses) from securities called or settled by the issuer 12 1 (18 ) Debt securities with unrealized losses at year end 2017 and 2016 not recognized in income are as follows: 2017 12 Months or less More than 12 months Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Treasury securities and obligations of U.S. government agencies $ 20,449 $ (100 ) $ 6,617 $ (92 ) $ 27,066 $ (192 ) Obligations of states and political subdivisions 4,057 (41 ) 7,309 (131 ) 11,366 (172 ) Mortgage-backed securities in gov’t sponsored entities 29,534 (195 ) 22,199 (495 ) 51,733 (690 ) Total temporarily impaired $ 54,040 $ (336 ) $ 36,125 $ (718 ) $ 90,165 $ (1,054 ) 2016 12 Months or less More than 12 months Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Treasury securities and obligations of U.S. government agencies $ 13,271 $ (61 ) $ 893 $ (16 ) $ 14,164 $ (77 ) Obligations of states and political subdivisions 17,167 (558 ) 519 (16 ) 17,686 (574 ) Mortgage-backed securities in gov’t sponsored entities 35,453 (566 ) 2,849 (31 ) 38,302 (597 ) Total temporarily impaired $ 65,891 $ (1,185 ) $ 4,261 $ (63 ) $ 70,152 $ (1,248 ) The Company periodically evaluates securities for other-than-temporary impairment. An unrealized loss exists when the current fair value of an individual security is less than its amortized cost basis. Unrealized losses that are determined to be temporary in nature are recorded, net of tax, in accumulated other comprehensive loss on the Consolidated Balance Sheet. The Company has assessed each available-for-sale security position for credit impairment. Factors considered in determining whether a loss is temporary include: • The length of time and the extent to which fair value has been below cost; • The severity of impairment; • The cause of the impairment and the financial condition and near-term prospects of the issuer; NOTE 3 – SECURITIES (Continued) • If the Company intends to sell the investment; • If it’s more-likely-than-not the Company will be required to sell the investment before recovering its amortized cost basis; and • If the Company does not expect to recover the investment’s entire amortized cost basis (even if the Company does not intend to sell the investment). The Company’s review for impairment generally entails: • Identification and evaluation of investments that have indications of impairment; • Analysis of individual investments that have fair values less than amortized cost, including consideration of length of time each investment has been in unrealized loss position and the expected recovery period; • Evaluation of factors or triggers that could cause individual investments to qualify as having other-than-temporary impairment; and • Documentation of these analyses, as required by policy. At December 31, 2017, the Company owned 78 securities that were considered temporarily impaired. The unrealized losses on these securities have not been recognized into income because the issuers’ bonds are of high credit quality, management has the intent and ability to hold these securities for the foreseeable future, and the decline in fair value is largely due to changes in market interest rates. The Company also considers sector specific credit rating changes in its analysis. The fair value is expected to recover as the securities approach their maturity date or reset date. The Company does not intend to sell until recovery and does not believe selling will be required before recovery. |
Loans
Loans | 12 Months Ended |
Dec. 31, 2017 | |
Receivables [Abstract] | |
Loans | NOTE 4 - LOANS Loans at year-end were as follows: 2017 2016 Commercial and Agriculture $ 152,473 $ 135,462 Commercial Real Estate - owner occupied 164,099 161,364 Commercial Real Estate - non-owner occupied 425,623 395,931 Residential Real Estate 268,735 247,308 Real Estate Construction 97,531 56,293 Farm Real Estate 39,461 41,170 Consumer and Other 16,739 17,978 Total Loans 1,164,661 1,055,506 Allowance for loan losses (13,134 ) (13,305 ) Net loans $ 1,151,527 $ 1,042,201 Included in total loans above are deferred loan fees of $223 at December 31, 2017 and deferred loan costs of $94 at December 31, 2016. NOTE 4 – LOANS (Continued) Loans to principal officers, directors, and their affiliates at year-end 2017 and 2016 were as follows: 2017 2016 Balance - Beginning of year $ 14,389 $ 15,147 New loans and advances 2,344 850 Repayments (1,256 ) (1,575 ) Effect of changes to related parties (1,475 ) (33 ) Balance - End of year $ 14,002 $ 14,389 |
Allowance for Loan Losses
Allowance for Loan Losses | 12 Months Ended |
Dec. 31, 2017 | |
Text Block [Abstract] | |
Allowance for Loan Losses | NOTE 5 - ALLOWANCE FOR LOAN LOSSES Management has an established methodology to determine the adequacy of the allowance for loan losses that assesses the risks and losses inherent in the loan portfolio. For purposes of determining the allowance for loan losses, the Company has segmented certain loans in the portfolio by product type. Loans are segmented into the following pools: Commercial and Agriculture loans, Commercial Real Estate – Owner Occupied loans, Commercial Real Estate – Non-owner Occupied loans, Residential Real Estate loans, Real Estate Construction loans, Farm Real Estate loans and Consumer and Other loans. Loss migration rates for each risk category are calculated and used as the basis for calculating loan loss allowance allocations. Loss migration rates are calculated over a three-year period for all portfolio segments. Management also considers certain economic factors for trends that management uses to account for the qualitative and environmental changes in risk, which affects the level of the reserve. The following economic factors are analyzed: • Changes in lending policies and procedures • Changes in experience and depth of lending and management staff • Changes in quality of credit review system • Changes in the nature and volume of the loan portfolio • Changes in past due, classified and nonaccrual loans and TDRs • Changes in economic and business conditions • Changes in competition or legal and regulatory requirements • Changes in concentrations within the loan portfolio • Changes in the underlying collateral for collateral dependent loans The total allowance reflects management’s estimate of loan losses inherent in the loan portfolio at the consolidated balance sheet date. The Company considers the allowance for loan losses of $13,134 adequate to cover loan losses inherent in the loan portfolio, at December 31, 2017. The following tables present, by portfolio segment, the changes in the allowance for loan losses, the ending allocation of the allowance for loan losses and the loan balances outstanding for the years ended December 31, 2017, 2016 and 2015. The changes can be impacted by overall loan volume, adversely graded loans, historical charge-offs and economic factors. NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) Allowance for loan losses: December 31, 2017 Beginning balance Charge-offs Recoveries Provision (Credit) Ending Balance Commercial & Agriculture $ 2,018 $ (11 ) $ 372 $ (817 ) $ 1,562 Commercial Real Estate: Owner Occupied 2,171 (328 ) 69 131 2,043 Non-Owner Occupied 4,606 (38 ) 46 693 5,307 Residential Real Estate 3,089 (400 ) 194 (973 ) 1,910 Real Estate Construction 420 — 44 370 834 Farm Real Estate 442 — 3 (15 ) 430 Consumer and Other 314 (165 ) 43 98 290 Unallocated 245 — — 513 758 Total $ 13,305 $ (942 ) $ 771 $ — $ 13,134 For the year ended December 31, 2017, the allowance for Commercial & Agriculture loans was reduced by a decrease in general reserves as a result of lower loss rates. The result was represented as a decrease in the provision. The allowance for Commercial Real Estate – Owner Occupied loans was reduced by a decrease in general reserves and charge-offs. The allowance for Commercial Real Estate – Non-Owner Occupied loans increased due to an increase in general reserves required for this type as a result of higher loan balances. The allowance for Residential Real Estate loans was reduced by a decrease in general reserves required for this type as a result of a decrease in loss rates, represented by a decrease in the provision. The allowance for Real Estate Construction loans increased due to higher outstanding loan balances for this type of loan. The allowance for Farm Real Estate loans was reduced by a decrease in general reserves required for this type as a result of lower outstanding loan balances. The result was represented as a decrease in the provision. Management feels that the unallocated amount is appropriate and within the relevant range for the allowance that is reflective of the risk in the portfolio. NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) Allowance for loan losses: December 31, 2016 Beginning balance Charge-offs Recoveries Provision (Credit) Ending Balance Commercial & Agriculture $ 1,478 $ (880 ) $ 105 $ 1,315 $ 2,018 Commercial Real Estate: Owner Occupied 2,467 (228 ) 56 (124 ) 2,171 Non-Owner Occupied 4,657 (23 ) 1,372 (1,400 ) 4,606 Residential Real Estate 4,086 (455 ) 479 (1,021 ) 3,089 Real Estate Construction 371 (115 ) 12 152 420 Farm Real Estate 538 — — (96 ) 442 Consumer and Other 382 (125 ) 46 11 314 Unallocated 382 — — (137 ) 245 Total $ 14,361 $ (1,826 ) $ 2,070 $ (1,300 ) $ 13,305 For the year ended December 31, 2016, the increase in allowance for Commercial & Agriculture loans was due to an increase in general reserves as a result of higher balances and higher loss rates in criticized loans. The result was represented as an increase in the provision. The allowance for Commercial Real Estate – Owner Occupied loans was reduced not only by a decrease in specific reserves required for this type, but also by a decrease in general reserves due to decreases in classified, non-accrual loans and lower loss rates for this type. The result of these changes was represented as a decrease in the provision. The decrease in allowance for Commercial Real Estate – Non-Owner Occupied loans was the result of a decrease in general reserves required as a result of lower loss rates and improvement in past due, classified and non-accrual loans for this type. In addition, a payoff on a previously charged down loan was received resulting in a recovery of approximately $1,303. The net result was represented as a decrease in the provision. The allowance for Residential Real Estate loans was reduced by a decrease in general reserves required for this type as a result of a decrease in loss rates, represented by a decrease in the provision. The allowance for Real Estate Construction loans increased due to an increase in loss rates for this type of loan, which was represented as an increase in the provision. The allowance for Farm Real Estate loans was reduced by a decrease in general reserves required for this type as a result of lower outstanding loan balances and a decrease in loss rates. The result of these changes was represented as a decrease in the provision. Management feels that the unallocated amount is appropriate and within the relevant range for the allowance that is reflective of the risk in the portfolio. NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) Allowance for loan losses: December 31, 2015 Beginning balance Charge-offs Recoveries Provision (Credit) Ending Balance Commercial & Agriculture $ 1,819 $ (190 ) $ 182 $ (333 ) $ 1,478 Commercial Real Estate: Owner Occupied 2,221 (523 ) 187 582 2,467 Non-Owner Occupied 4,334 (81 ) 115 289 4,657 Residential Real Estate 3,747 (1,135 ) 331 1,143 4,086 Real Estate Construction 428 — 5 (62 ) 371 Farm Real Estate 822 — 76 (360 ) 538 Consumer and Other 200 (120 ) 46 256 382 Unallocated 697 — — (315 ) 382 Total $ 14,268 $ (2,049 ) $ 942 $ 1,200 $ 14,361 For the year ended December 31, 2015, the allowance for Commercial and Agriculture loans was reduced due to decreases in specific reserves for impaired loans of $625. The decrease in specific reserves for impaired loans was primarily the result of the resolution of an impaired loan. The Company did not incur losses with this resolution. The result was represented as a decrease in the provision. The increase in the allowance for Commercial Real Estate—Owner Occupied loans was the result of an increase in loss migration rates, which is attributable to the change in the lookback period to a three-year period. The increase in the allowance for Commercial Real Estate – Non–Owner Occupied loans was the result of an increase in loss migration rates, which is attributable to the change in the lookback period to a three-year period. The ending reserve balance for Residential Real Estate loans increased from the end of the previous year due to an increase in loss migration rates, which is attributable to the change in the look-back period to a three-year period. The allowance for Real Estate Construction loans decreased as a result of decreasing loan balances. The allowance for Farm Real Estate loans decreased as a result of decreasing loan balances and loss rates offset by an increase in classified loans. The increase in the allowance for Consumer and other loans increased due to an increase in loss rates, which is attributable to the change in the look-back period. Unallocated reserves declined due to a change in the Company’s lookback period. As described above, the Company changed from a two-year lookback period to a three-year lookback period when calculating all but one segment’s loss migration rates during the third quarter of 2015. The change in methodology resulted in a decline in the unallocated balance with corresponding increase in allocated balances within the reserve calculation. While loan balances were up, loss rates continued to trend downward, exclusive of the change in methodology, resulting in a lower allowance balance. While criticized loans increased slightly, we saw significant improvement in nonperforming loan balances resulting in a decline in specific reserves for impaired loans. As of December 31, 2015, management felt that the unallocated amount was appropriate and within the relevant range for the allowance that was reflective of the risk in the portfolio. NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) The following tables present, by portfolio segment, the allocation of the allowance for loan losses and related loan balances as of December 31, 2017 and December 31, 2016. December 31, 2017 Loans acquired with credit deterioration Loans individually evaluated for impairment Loans collectively evaluated for impairment Total Allowance for loan losses: Commercial & Agriculture $ 82 $ 4 $ 1,476 $ 1,562 Commercial Real Estate: Owner Occupied — 6 2,037 2,043 Non-Owner Occupied — — 5,307 5,307 Residential Real Estate 44 109 1,757 1,910 Real Estate Construction — — 834 834 Farm Real Estate — 6 424 430 Consumer and Other — — 290 290 Unallocated — — 758 758 Total $ 126 $ 125 $ 12,883 $ 13,134 Outstanding loan balances: Commercial & Agriculture $ 87 $ 438 $ 151,948 $ 152,473 Commercial Real Estate: Owner Occupied — 1,010 163,089 164,099 Non-Owner Occupied — 44 425,579 425,623 Residential Real Estate 128 1,360 267,247 268,735 Real Estate Construction — — 97,531 97,531 Farm Real Estate — 608 38,853 39,461 Consumer and Other — — 16,739 16,739 Total $ 215 $ 3,460 $ 1,160,986 $ 1,164,661 NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) December 31, 2016 Loans acquired with credit deterioration Loans individually evaluated for impairment Loans collectively evaluated for impairment Total Allowance for loan losses: Commercial & Agriculture $ 86 $ 82 $ 1,850 $ 2,018 Commercial Real Estate: Owner Occupied — 4 2,167 2,171 Non-Owner Occupied — — 4,606 4,606 Residential Real Estate 89 102 2,898 3,089 Real Estate Construction — — 420 420 Farm Real Estate — — 442 442 Consumer and Other — — 314 314 Unallocated — — 245 245 Total $ 175 $ 188 $ 12,942 $ 13,305 Outstanding loan balances: Commercial & Agriculture $ 88 $ 1,983 $ 133,391 $ 135,462 Commercial Real Estate: Owner Occupied — 1,896 159,468 161,364 Non-Owner Occupied — 359 395,572 395,931 Residential Real Estate 168 1,686 245,454 247,308 Real Estate Construction — — 56,293 56,293 Farm Real Estate — 614 40,556 41,170 Consumer and Other — 1 17,977 17,978 Total $ 256 $ 6,539 $ 1,048,711 $ 1,055,506 The following tables represent credit exposures by internally assigned risk ratings for the periods ended December 31, 2017 and 2016. The remaining loans in the Residential Real Estate, Real Estate Construction and Consumer and Other loan categories that are not assigned a risk grade are presented in a separate table below. The risk rating analysis estimates the capability of the borrower to repay the contractual obligations of the loan agreements as scheduled or at all. The Company’s internal credit risk rating system is based on experiences with similarly graded loans. The Company’s internally assigned grades are as follows: • Pass – loans which are protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. • Special Mention – loans where a potential weakness or risk exists, which could cause a more serious problem if not corrected. • Substandard – loans that have a well-defined weakness based on objective evidence and are characterized by the distinct possibility that Civista will sustain some loss if the deficiencies are not corrected. • Doubtful – loans classified as doubtful have all the weaknesses inherent in a substandard asset. In addition, these weaknesses make collection or liquidation in full highly questionable and improbable, based on existing circumstances. NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) • Loss – loans classified as a loss are considered uncollectible, or of such value that continuance as an asset is not warranted. • Unrated – Generally, Residential Real Estate, Real Estate Construction and Consumer and Other loans are not risk-graded, except when collateral is used for a business purpose. December 31, 2017 Pass Special Mention Substandard Doubtful Ending Balance Commercial & Agriculture $ 140,842 $ 8,412 $ 3,219 $ — $ 152,473 Commercial Real Estate: Owner Occupied 155,756 1,166 7,177 — 164,099 Non-Owner Occupied 422,363 2,321 939 — 425,623 Residential Real Estate 62,628 1,997 5,873 — 70,498 Real Estate Construction 91,545 15 27 — 91,587 Farm Real Estate 25,228 11,236 2,997 — 39,461 Consumer and Other 1,312 — 70 — 1,382 Total $ 899,674 $ 25,147 $ 20,302 $ — $ 945,123 December 31, 2016 Pass Special Mention Substandard Doubtful Ending Balance Commercial & Agriculture $ 127,867 $ 4,300 $ 3,295 $ — $ 135,462 Commercial Real Estate: Owner Occupied 151,659 4,016 5,689 — 161,364 Non-Owner Occupied 393,592 1,676 663 — 395,931 Residential Real Estate 59,015 1,661 6,911 — 67,587 Real Estate Construction 50,678 16 27 — 50,721 Farm Real Estate 31,814 5,673 3,683 — 41,170 Consumer and Other 2,135 — 109 — 2,244 Total $ 816,760 $ 17,342 $ 20,377 $ — $ 854,479 NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) The following tables present performing and nonperforming loans based solely on payment activity for the years ended December 31, 2017 and December 31, 2016 that have not been assigned an internal risk grade. The types of loans presented here are not assigned a risk grade unless there is evidence of a problem. Payment activity is reviewed by management on a monthly basis to evaluate performance. Loans are considered to be nonperforming when they become 90 days past due or if management thinks that we may not collect all of our principal and interest. Nonperforming loans also include certain loans that have been modified in Troubled Debt Restructurings (TDRs) where economic concessions have been granted to borrowers who have experienced or are expected to experience financial difficulties. These concessions typically result from the Company’s loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions due to economic status. Certain TDRs are classified as nonperforming at the time of restructure and may only be returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period, generally six months. December 31, 2017 Residential Real Estate Real Estate Construction Consumer and Other Total Performing $ 198,237 $ 5,944 $ 15,341 $ 219,522 Nonperforming — — 16 16 Total $ 198,237 $ 5,944 $ 15,357 $ 219,538 December 31, 2016 Residential Real Estate Real Estate Construction Consumer and Other Total Performing $ 179,721 $ 5,572 $ 15,725 $ 201,018 Nonperforming — — 9 9 Total $ 179,721 $ 5,572 $ 15,734 $ 201,027 The following tables include an aging analysis of the recorded investment of past due loans outstanding as of December 31, 2017 and 2016. December 31, 2017 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Total Past Due Current Purchased Credit- Impaired Loans Total Loans Past Due 90 Days and Accruing Commercial & Agriculture $ 575 $ 2 $ 685 $ 1,262 $ 151,124 $ 87 $ 152,473 $ — Commercial Real Estate: Owner Occupied 897 104 484 1,485 162,614 — 164,099 — Non-Owner Occupied 133 — 470 603 425,020 — 425,623 — Residential Real Estate 1,613 229 785 2,627 265,980 128 268,735 — Real Estate Construction — — 27 27 97,504 — 97,531 — Farm Real Estate 27 — 186 213 39,248 — 39,461 — Consumer and Other 92 96 16 204 16,535 — 16,739 16 Total $ 3,337 $ 431 $ 2,653 $ 6,421 $ 1,158,025 $ 215 $ 1,164,661 $ 16 NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) December 31, 2016 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Total Past Due Current Purchased Credit- Impaired Loans Total Loans Past Due 90 Days and Accruing Commercial & Agriculture $ 156 $ 20 $ 152 $ 328 $ 135,046 $ 88 $ 135,462 $ — Commercial Real Estate: Owner Occupied 722 553 280 1,555 159,809 — 161,364 — Non-Owner Occupied 147 — 316 463 395,468 — 395,931 — Residential Real Estate 1,812 507 1,049 3,368 243,772 168 247,308 — Real Estate Construction — — 27 27 56,266 — 56,293 — Farm Real Estate 93 — — 93 41,077 — 41,170 — Consumer and Other 215 31 31 277 17,701 — 17,978 9 Total $ 3,145 $ 1,111 $ 1,855 $ 6,111 $ 1,049,139 $ 256 $ 1,055,506 $ 9 The following table presents loans on nonaccrual status, excluding purchased credit-impaired (PCI) loans, as of December 31, 2017 and 2016. 2017 2016 Commercial & Agriculture $ 887 $ 1,622 Commercial Real Estate: Owner Occupied 1,476 1,461 Non-Owner Occupied 711 464 Residential Real Estate 2,778 3,266 Real Estate Construction 27 27 Farm Real Estate 186 2 Consumer and Other 67 101 Total $ 6,132 $ 6,943 Nonaccrual Loans: NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) Modifications: Loans modified in a TDR are typically already on non-accrual status and partial charge-offs have in some cases already been taken against the outstanding loan balance. As a result, loans modified in a TDR may have the financial effect of increasing the specific allowance associated with the loan. An allowance for impaired loans that have been modified in a TDR are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or the estimated fair value of the collateral, less any selling costs, if the loan is collateral dependent. Management exercises significant judgment in developing these estimates. TDRs accounted for $169 of the allowance for loan losses as of December 31, 2017, $278 as of December 31, 2016 and $286 as of December 31, 2015. Loan modifications that are considered TDRs completed during the twelve month periods ended December 31, 2017, 2016 and 2015 were as follows: For the Twelve Month Period Ended December 31, 2017 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial & Agriculture — $ — $ — Commercial Real Estate: Owner Occupied — — — Non-Owner Occupied — — — Residential Real Estate 1 13 13 Real Estate Construction — — — Farm Real Estate — — — Consumer and Other — — — Total Loan Modifications 1 $ 13 $ 13 NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) For the Twelve Month Period Ended December 31, 2016 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial & Agriculture 4 $ 529 $ 529 Commercial Real Estate: Owner Occupied — — — Non-Owner Occupied — — — Residential Real Estate 2 308 308 Real Estate Construction — — — Farm Real Estate 3 700 700 Consumer and Other — — — Total Loan Modifications 9 $ 1,537 $ 1,537 For the Twelve Month Period Ended December 31, 2015 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial & Agriculture — $ — $ — Commercial Real Estate: Owner Occupied — — — Non-Owner Occupied — — — Residential Real Estate — — — Real Estate Construction 1 41 41 Farm Real Estate — — — Consumer and Other — — — Total Loan Modifications 1 $ 41 $ 41 Recidivism, or the borrower defaulting on its obligation pursuant to a modified loan, results in the loan once again becoming a non-accrual loan. Recidivism occurs at a notably higher rate than do defaults on new originations loans, so modified loans present a higher risk of loss than do new origination loans. During the periods ended December 31, 2017 and 2016, there were no defaults on loans that were modified and considered TDRs during the previous twelve months. During the twelve month period ended December 31, 2015, there was one default, totaling $107, on loans which were modified and considered TDRs during the previous twelve months. NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) Impaired Loans: The following tables include the recorded investment and unpaid principal balances for impaired financing receivables, excluding PCI loans, with the associated allowance amount, if applicable, as of December 31, 2017 and 2016. December 31, 2017 December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial & Agriculture $ — $ — $ 1,230 $ 1,751 Commercial Real Estate: Owner Occupied 693 913 1,658 1,803 Non-Owner Occupied 44 48 359 386 Residential Real Estate 977 1,049 1,259 1,590 Farm Real Estate 148 148 614 614 Consumer and Other — — 1 1 Total 1,862 2,158 5,121 6,145 With an allowance recorded: Commercial & Agriculture 438 438 $ 4 753 1,303 $ 82 Commercial Real Estate: Owner Occupied 317 317 6 238 238 4 Non-Owner Occupied — — — — — — Residential Real Estate 383 387 109 427 431 102 Farm Real Estate 460 460 6 — — — Total 1,598 1,602 125 1,418 1,972 188 Total: Commercial & Agriculture 438 438 4 1,983 3,054 82 Commercial Real Estate: Owner Occupied 1,010 1,230 6 1,896 2,041 4 Non-Owner Occupied 44 48 — 359 386 — Residential Real Estate 1,360 1,436 109 1,686 2,021 102 Farm Real Estate 608 608 6 614 614 — Consumer and Other — — — 1 1 — Total $ 3,460 $ 3,760 $ 125 $ 6,539 $ 8,117 $ 188 NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) The following tables include the average recorded investment and interest income recognized for impaired financing receivables as of, and for the years ended, December 31, 2017, 2016 and 2015. For the year ended: December 31, 2017 December 31, 2016 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial & Agriculture $ 1,375 $ 34 $ 2,036 $ 40 Commercial Real Estate: Owner Occupied 1,507 75 1,847 862 Non-Owner Occupied 233 6 1,039 83 Residential Real Estate 1,515 73 1,787 175 Real Estate Construction — — — 1 Farm Real Estate 613 28 1,006 95 Consumer and Other — — 2 — Total $ 5,243 $ 216 $ 7,717 $ 1,256 For the year ended: December 31, 2015 Average Recorded Investment Interest Income Recognized Commercial & Agriculture $ 1,519 $ 54 Commercial Real Estate: Owner Occupied 2,738 139 Non-Owner Occupied 1,946 32 Residential Real Estate 2,544 103 Real Estate Construction 16 — Farm Real Estate 653 56 Consumer and Other 4 — Total $ 9,420 $ 384 Foreclosed assets acquired in settlement of loans are carried at fair value less estimated costs to sell and are included in other assets on the Consolidated Balance Sheet. As of December 31, 2017 and 2016, a total of $16 and $37, respectively of foreclosed assets were included with other assets. As of December 31, 2017, included within the foreclosed assets is $16 of consumer residential mortgages that were foreclosed on or received via a deed in lieu transaction prior to the period end. As of December 31, 2017 and 2016, the Company had initiated formal foreclosure procedures on $239 and $710, respectively of consumer residential mortgages. NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) Changes in the amortizable yield for PCI loans were as follows, since acquisition: At December 31, 2017 At December 31, 2016 (In Thousands) (In Thousands) Balance at beginning of period $ 49 $ 80 Acquisition of PCI loans — — Accretion (34 ) (31 ) Balance at end of period $ 15 $ 49 The following table presents additional information regarding loans acquired and accounted for in accordance with ASC 310-30: At December 31, 2017 At December 31, 2016 Acquired Loans with Specific Evidence of Deterioration of Credit Quality (ASC 310-30) Acquired Loans with Specific Evidence of Deterioration of Credit Quality (ASC 310-30) (In Thousands) Outstanding balance $ 775 $ 850 Carrying amount 215 256 There has been $126 and $175 in allowance for loan losses recorded for acquired loans with or without specific evidence of deterioration in credit quality as of December 31, 2017 and 2016, respectively. |
Other Comprehensive Income (Los
Other Comprehensive Income (Loss) | 12 Months Ended |
Dec. 31, 2017 | |
Equity [Abstract] | |
Other Comprehensive Income (Loss) | NOTE 6 - OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, as of December 31, 2017, 2016 and 2015. For the Year Ended December 31, 2017 For the Year Ended December 31, 2016 For the Year Ended December 31, 2015 Unrealized Gains and Losses on Available for Sale Securities Defined Benefit Pension Items Total Unrealized Gains and Losses on Available for Sale Securities Defined Benefit Pension Items Total Unrealized Gains and Losses on Available for Sale Securities Defined Benefit Pension Items Total Beginning balance $ 2,008 $ (4,345 ) $ (2,337 ) $ 3,554 $ (4,049 ) $ (495 ) $ 3,730 $ (3,777 ) $ (47 ) Other comprehensive income (loss) before reclassifications 620 553 1,173 (1,533 ) (511 ) (2,044 ) (188 ) (449 ) (637 ) Amounts reclassified from accumulated other comprehensive loss (8 ) 247 239 (13 ) 215 202 12 177 189 Net current-period other comprehensive income (loss) 612 800 1,412 (1,546 ) (296 ) (1,842 ) (176 ) (272 ) (448 ) Reclassification of certain income tax effects from accumulated other comprehensive loss 565 (764 ) (199 ) — — — — — — Ending balance $ 3,185 $ (4,309 ) $ (1,124 ) $ 2,008 $ (4,345 ) $ (2,337 ) $ 3,554 $ (4,049 ) $ (495 ) The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss as of December 31, 2017, 2016 and 2015. Amount Reclassified from Accumulated Other Comprehensive Loss (a) For the year ended December 31, Details about Accumulated Other Comprehensive Loss Components 2017 2016 2015 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains (losses) on available-for-sale securities $ 12 $ 19 $ (18 ) Net gain (loss) on sale of securities Tax effect (4 ) (6 ) 6 Income taxes 8 13 (12 ) Amortization of defined benefit pension items Actuarial losses (380 ) (b) (326 ) (b) (270 ) (b) Salaries, wages and benefits Tax effect 133 111 93 Income taxes (247 ) (215 ) (177 ) Total reclassifications for the period $ (239 ) $ (202 ) $ (189 ) (a) Amounts in parentheses indicate expenses and other amounts indicate income. (b) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. |
Premises and Equipment
Premises and Equipment | 12 Months Ended |
Dec. 31, 2017 | |
Property Plant And Equipment [Abstract] | |
Premises and Equipment | NOTE 7 - PREMISES AND EQUIPMENT Year-end premises and equipment were as follows: 2017 2016 Land and improvements $ 5,022 $ 5,094 Buildings and improvements 21,221 20,266 Furniture and equipment 17,004 16,070 Total 43,247 41,430 Accumulated depreciation (25,636 ) (23,510 ) Premises and equipment, net $ 17,611 $ 17,920 Depreciation expense was $1,249, $1,257 and $1,193 for 2017, 2016 and 2015, respectively. Rent expense was $580, $540 and $506 for 2017, 2016 and 2015, respectively. Rent commitments under non-cancelable operating leases at December 31, 2017 were as follows, before considering renewal options that generally are present. 2018 $ 571 2019 479 2020 226 2021 91 2022 36 Total $ 1,403 The rent commitments listed above are primarily for the leasing of seven financial services branches. |
Goodwill and Intangible Assets
Goodwill and Intangible Assets | 12 Months Ended |
Dec. 31, 2017 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Goodwill and Intangible Assets | NOTE 8 - GOODWILL AND INTANGIBLE ASSETS There has been no change in the carrying amount of goodwill of $27,095 for the years ended December 31, 2017 and December 31, 2016. Management performs an evaluation of goodwill for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the asset might be impaired. Management performed an evaluation of the Company’s goodwill during the fourth quarter of 2017. Based on this test, management concluded that the Company’s goodwill was not impaired at December 31, 2017. NOTE 8 - GOODWILL AND INTANGIBLE ASSETS (Continued) Acquired intangible assets were as follows as of year end. 2017 2016 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets(1): MSRs $ 1,065 $ 322 $ 743 $ 912 $ 250 $ 662 Core deposit intangibles 7,274 6,738 536 7,274 6,152 1,122 Total amortized intangible assets $ 8,339 $ 7,060 $ 1,279 $ 8,186 $ 6,402 $ 1,784 (1) Excludes fully amortized intangible assets Aggregate core deposit intangible amortization expense was $586, $699 and $711 for 2017, 2016 and 2015, respectively. Aggregate mortgage servicing rights amortization was $72, $74 and $29 for 2017, 2016 and 2015, respectively. Estimated amortization expense for each of the next five years and thereafter is as follows: MSRs Core deposit intangibles Total 2018 $ 41 $ 111 $ 152 2019 41 88 129 2020 41 71 112 2021 41 68 109 2022 41 68 109 Thereafter 538 130 668 $ 743 $ 536 $ 1,279 |
Interest-Bearing Deposits
Interest-Bearing Deposits | 12 Months Ended |
Dec. 31, 2017 | |
Text Block [Abstract] | |
Interest-Bearing Deposits | NOTE 9 - INTEREST-BEARING DEPOSITS Interest-bearing deposits as of December 31, 2017 and 2016 were as follows: 2017 2016 Demand $ 183,680 $ 183,759 Statement and Passbook Savings 435,377 384,330 Certificates of Deposit: $250 and over 8,206 13,640 Other 192,455 168,723 Individual Retirement Accounts 23,241 25,063 Total $ 842,959 $ 775,515 NOTE 9 - INTEREST-BEARING DEPOSITS (Continued) Scheduled maturities of certificates of deposit, including IRA’s at December 31, 2017 were as follows: 2018 $ 161,656 2019 41,926 2020 15,459 2021 3,382 2022 1,202 Thereafter 277 Total $ 223,902 Deposits from the Company’s principal officers, directors, and their affiliates at year-end 2017 and 2016 were $9,633 and $9,209, respectively. As of December 31, 2017, CDs and IRAs totaling $9,141 met or exceeded the FDIC’s insurance limit of $250,000. |
Short-Term Borrowings
Short-Term Borrowings | 12 Months Ended |
Dec. 31, 2017 | |
Debt Disclosure [Abstract] | |
Short-Term Borrowings | NOTE 10 - SHORT-TERM BORROWINGS Short-term borrowings, which consist of federal funds purchased and other short-term borrowings are summarized as follows: At December 31, 2017 At December 31, 2016 Federal Funds Purchased Short-term Borrowings Federal Funds Purchased Short-term Borrowings Outstanding balance at year end $ — $ 56,900 $ — $ 31,000 Maximum indebtedness during the year 20,000 115,050 20,000 70,400 Average balance during the year 119 38,825 116 10,483 Average rate paid during the year 1.68 % 1.12 % 0.86 % 0.42 % Interest rate on year end balance — 1.42 % — 0.64 % At December 31, 2015 Federal Funds Purchased Short-term Borrowings Outstanding balance at year end $ — $ 53,700 Maximum indebtedness during the year — 64,700 Average balance during the year 69 26,880 Average rate paid during the year 0.53 % 0.20 % Interest rate on year end balance — 0.35 % Average balance during the year represent daily averages. Average interest rates represent interest expense divided by the related average balances. These borrowing transactions can range from overnight to six months in maturity. The average maturity was one day at December 31, 2017, 2016 and 2015. |
Federal Home Loan Bank Advances
Federal Home Loan Bank Advances | 12 Months Ended |
Dec. 31, 2017 | |
Banking And Thrift [Abstract] | |
Federal Home Loan Bank Advances | NOTE 11 - FEDERAL HOME LOAN BANK ADVANCES Long term advances from the FHLB were $15,000 at December 31, 2017 and $17,500 at December 31, 2016. Outstanding balances have maturity dates ranging from February 2018 to October 2019 and fixed rates ranging from 1.50% to 2.10%. The average rate on outstanding advances was 1.70% at December 31, 2017. NOTE 11 - FEDERAL HOME LOAN BANK ADVANCES (Continued) Scheduled principal reductions of FHLB advances outstanding at December 31, 2017 were as follows: 2018 $ 10,000 2019 5,000 Total $ 15,000 In addition to the borrowings, the Company had outstanding letters of credit with the FHLB totaling $19,600 at year-end 2017 and 2016, respectively used for pledging to secure public funds. FHLB borrowings and the letters of credit were collateralized by FHLB stock and by $137,250 and $102,150 of residential mortgage loans under a blanket lien arrangement at year-end 2017 and 2016, respectively. The Company had a FHLB maximum borrowing capacity of $366,122 as of December 31, 2017, with remaining borrowing capacity of approximately $274,622. The borrowing arrangement with the FHLB is subject to annual renewal. The maximum borrowing capacity is recalculated at least quarterly. |
Securities Sold Under Agreement
Securities Sold Under Agreements to Repurchase | 12 Months Ended |
Dec. 31, 2017 | |
Brokers And Dealers [Abstract] | |
Securities Sold Under Agreements to Repurchase | NOTE 12 - SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE Securities sold under agreements to repurchase are used to facilitate the needs of our customers as well as to facilitate our short-term funding needs. Securities sold under repurchase agreements are carried at the amount of cash received in association with the agreement. We continuously monitor the collateral levels and may be required, from time to time, to provide additional collateral based on the fair value of the underlying securities. Securities pledged as collateral under repurchase agreements are maintained with our safekeeping agents. The following table presents detail regarding the securities pledged as collateral under repurchase agreements as of December 31, 2017 and 2016. All of the repurchase agreements are overnight agreements. December 31, 2017 December 31, 2016 Securities pledged for repurchase agreements: U.S. Treasury securities $ 874 $ 1,761 Obligations of U.S. government agencies 20,881 27,164 Total securities pledged $ 21,755 $ 28,925 Gross amount of recognized liabilities for repurchase agreements $ 21,755 $ 28,925 Amounts related to agreements not included in offsetting disclosures above $ — $ — Information concerning securities sold under agreements to repurchase was as follows: 2017 2016 2015 Outstanding balance at year end $ 21,755 $ 28,925 $ 25,040 Average balance during the year 18,234 21,767 20,086 Average interest rate during the year 0.10 % 0.10 % 0.10 % Maximum month-end balance during the year $ 23,889 $ 28,925 $ 25,040 Weighted average interest rate at year end 0.10 % 0.10 % 0.10 % |
Subordinated Debentures
Subordinated Debentures | 12 Months Ended |
Dec. 31, 2017 | |
Brokers And Dealers [Abstract] | |
Subordinated Debentures | NOTE 13 - SUBORDINATED DEBENTURES Trusts formed by the Company issued floating rate trust preferred securities, in the amounts of $5,000 and $7,500, through special purpose entities as part of pooled offerings of such securities. The Company issued subordinated debentures to the trusts in exchange for the proceeds of the offerings, which debentures represent the sole assets of the trusts. The Company may redeem the subordinated debentures, in whole but not in part, at face value. In April 2007, the Company elected to redeem and refinance the $5,000 floating rate subordinated debenture. The refinancing was done at face value and resulted in a 2.00% reduction in the floating rate. The new subordinated debenture has a 30-year maturity and is redeemable, in whole or in part, anytime without penalty. The replacement subordinated debenture does not have any deferred issuance cost associated with it. The interest rate at December 31, 2017 on the $7,500 debenture was 4.48% and the $5,000 debenture was 2.92%. Additionally, the Company formed an additional trust that issued $12,500 of 6.05% fixed rate trust preferred securities for five years, then becoming floating rate trust preferred securities, through a special purpose entity as part of a pooled offering of such securities. The Company issued subordinated debentures to the trusts in exchange for the proceeds of the offerings, which debentures represent the sole assets of the trusts. The Company may redeem the subordinated debentures at face value without penalty. The current rate on the $12,500 subordinated debenture is 3.58%. Finally, the Company acquired two additional trust preferred securities as part of its acquisition of Futura Banc Corp (Futura) in December 2007. Futura TPF Trust I and Futura TPF Trust II were formed in June of 2005 in the amounts of $2,500 and $1,927, respectively. Futura had issued subordinated debentures to the trusts in exchange for ownership of all of the common security of the trusts and the proceeds of the preferred securities sold by the trusts. The Company may redeem the subordinated debentures, in whole or in part, in a principal amount with integral multiples of $1,000, at 100% of the principal amount, plus accrued and unpaid interest. The subordinated debentures mature on June 15, 2035. The subordinated debentures are also redeemable in whole or in part from time to time, upon the occurrence of specific events defined within the trust indenture. The current rate on the $2,500 subordinated debenture is variable at 2.98%. In June 2010, the rate on the $1,927 subordinated debenture switched from a fixed rate to a floating rate. The current rate on the $1,927 subordinated debenture is 2.98%. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | NOTE 14 - INCOME TAXES Income taxes were as follows for the years ended December 31: 2017 2016 2015 Current $ 5,414 $ 6,449 $ 5,191 Deferred 435 170 (410 ) Change in corporate tax rate 511 — — Income taxes $ 6,360 $ 6,619 $ 4,781 Effective tax rates differ from the statutory federal income tax rate of 35% in 2017 and 2016 and 34% in 2015 due to the following: 2017 2016 2015 Income taxes computed at the statutory federal tax rate $ 7,781 $ 8,343 $ 5,959 Add (subtract) tax effect of: Nontaxable interest income, net of nondeductible interest expense (1,107 ) (946 ) (900 ) Low income housing tax credit (686 ) (435 ) (303 ) Cash surrender value of BOLI (201 ) (197 ) (159 ) Change in corporate tax rate 511 — — Other 62 (146 ) 184 Income tax expense $ 6,360 $ 6,619 $ 4,781 NOTE 14 - INCOME TAXES (Continued) The Tax Cut and Jobs Act, enacted on December 22, 2017, lowered the federal corporate income tax rate from 35% to 21% effective January 1, 2018. As a result, the carrying value of net deferred tax assets was reduced, which increased income tax expense by $511. Year-end deferred tax assets and liabilities were due to the following: 2017 2016 Deferred tax assets Allowance for loan losses $ 2,848 $ 4,640 Deferred compensation 1,213 1,762 Intangible assets 95 187 Pension costs — 277 Other 141 102 Deferred tax asset 4,297 6,968 Deferred tax liabilities Tax depreciation in excess of book depreciation (275 ) (97 ) Discount accretion on securities (43 ) (58 ) Purchase accounting adjustments (536 ) (1,091 ) FHLB stock dividends (1,053 ) (1,705 ) Unrealized gain on securities available for sale (847 ) (1,035 ) Pension costs (293 ) — Prepaids (320 ) — Other (166 ) (256 ) Deferred tax liability (3,533 ) (4,242 ) Net deferred tax asset $ 764 $ 2,726 No valuation allowance was established at December 31, 2017 and 2016, due to the Company’s ability to carryback to taxes paid in previous years and certain tax strategies, coupled with the anticipated future income as evidenced by the Company’s earning potential. The Company and its subsidiaries are subject to U.S. federal income tax. The Company is subject to tax in Ohio based upon its net worth. There is currently no liability for uncertain tax positions and no known unrecognized tax benefits. The Company’s federal tax returns for taxable years through 2012 have been closed for purposes of examination by the Internal Revenue Service. |
Retirement Plans
Retirement Plans | 12 Months Ended |
Dec. 31, 2017 | |
Compensation And Retirement Disclosure [Abstract] | |
Retirement Plans | NOTE 15 - RETIREMENT PLANS The Company sponsors a savings and retirement 401(k) plan, which covers all employees who meet certain eligibility requirements and who choose to participate in the plan. The matching contribution to the 401(k) plan was $805, $734 and $667 in 2017, 2016 and 2015, respectively. The Company’s matching contribution is 100% of an employee’s first three percent contributed and 50% of the next two percent contributed. The Company also sponsors a pension plan which is a noncontributory defined benefit retirement plan for all employees who have attained the age of 20 1 ⁄ 2, completed six months of service and work 1,000 or more hours per year. Annual payments, subject to the maximum amount deductible for federal income tax purposes, are made to a pension trust fund. In 2006, the Company amended the pension plan to provide that no employee could be added as a participant to the pension plan after December 31, 2006. In April 2014, the Company amended the pension plan again to provide that no additional benefits would accrue beyond April 30, 2014. NOTE 15 - RETIREMENT PLANS (Continued) In October 2015, the Company, on behalf of it and its subsidiaries, entered into Pension Shortfall Agreements (the “Shortfall Agreements”) with ten employees of the Bank. When the Company ceased accruals to its defined benefit pension plan on April 30, 2014, the circumstances of some participants with limited periods until their anticipated retirement dates would not permit them to use other available alternatives to make up for the shortfall in their expected pension. The Company calculated the total amount of the shortfall for each of the referenced individuals after considering its contributions to other retirement benefits. Pension shortfall expense was $18 in 2017, $201 in 2016 and $364 in 2015. Included in pension shortfall expense was interest expense, totaling $18, $11 and $10 in 2017, 2016 and 2015, respectively, which was also recorded in and credited to the accounts of the ten individuals covered by this plan. Information about the pension plan is as follows: 2017 2016 Change in benefit obligation: Beginning benefit obligation $ 16,964 $ 16,328 Service cost — — Interest cost 679 689 Curtailment gain — — Settlement loss 46 51 Actuarial (gain)/loss 986 669 Benefits paid (759 ) (773 ) Ending benefit obligation 17,916 16,964 Change in plan assets, at fair value: Beginning plan assets 16,150 15,647 Actual return 1,947 802 Employer contribution 2,000 500 Benefits paid (759 ) (773 ) Administrative expenses (32 ) (26 ) Ending plan assets 19,306 16,150 Funded status at end of year $ 1,390 $ (814 ) Amounts recognized in accumulated other comprehensive loss at December 31, consist of unrecognized actuarial loss of $4,070, net of $2,191 tax in 2017 and $4,345, net of $2,238 tax in 2016. The accumulated benefit obligation for the defined benefit pension plan was $17,916 at December 31, 2017 and $16,964 at December 31, 2016. The components of net periodic pension expense were as follows: 2017 2016 2015 Service cost $ — $ — $ — Interest cost 679 689 604 Expected return on plan assets (1,178 ) (1,090 ) (1,088 ) Net amortization and deferral 380 326 270 Net periodic pension cost (benefit) $ (119 ) $ (75 ) $ (214 ) Net loss (gain) recognized in other comprehensive loss $ (322 ) $ 448 $ 412 Total recognized in net periodic benefit cost and other comprehensive loss (before tax) $ (441 ) $ 373 $ 198 NOTE 15 - RETIREMENT PLANS (Continued) The estimated net loss for the defined benefit pension plan that will be amortized from accumulated other comprehensive loss into net periodic benefit cost over the next fiscal year is $380. The Company incurred settlement costs in 2017, 2016 and 2015 of $237, $259 and $415, respectively. The weighted average assumptions used to determine benefit obligations at year-end were as follows: 2017 2016 2015 Discount rate on benefit obligation 3.51 % 4.00 % 4.16 % Long-term rate of return on plan assets 7.00 % 7.00 % 7.00 % Rate of compensation increase 0.00 % 0.00 % 0.00 % The weighted average assumptions used to determine net periodic pension cost were as follows: 2017 2016 2015 Discount rate on benefit obligation 4.00 % 4.16 % 3.69 % Long-term rate of return on plan assets 7.00 % 7.00 % 7.00 % Rate of compensation increase 0.00 % 0.00 % 0.00 % The Company uses long-term market rates to determine the discount rate on the benefit obligation. Declines in the discount rate lead to increases in the actuarial loss related to the benefit obligation. The expectation for long-term rate of return on the pension assets and the expected rate of compensation increases are reviewed periodically by management in consultation with outside actuaries and primary investment consultants. Factors considered in setting and adjusting these rates are historic and projected rates of return on the portfolio and historic and estimated rates of increases of compensation. Since the pension plan is frozen, the rate of compensation increase used to determine the benefit obligation for 2017, 2016 and 2015 was zero. The Company’s pension plan asset allocation at year-end 2017 and 2016 and target allocation for 2018 by asset category are as follows: Target Allocation Percentage of Plan Assets at Year-end Asset Category 2018 2017 2016 Equity securities 20-50 % 48.0 % 47.5 % Debt securities 30-60 51.9 52.1 Money market funds 20-30 0.1 0.4 Total 100.0 % 100.0 % The Company developed the pension plan investment policies and strategies for plan assets with its pension management firm. The assets are currently invested in four diversified investment funds, which include two equity funds, one money market fund and one bond fund. The long-term guidelines from above were created to maximize the return on portfolio assets while reducing the risk of the portfolio. The management firm may allocate assets among the separate accounts within the established long-term guidelines. Transfers among these accounts will be at the management firm’s discretion based on their investment outlook and the investment strategies that are outlined at periodic meetings with the Company. The expected long-term rate of return on the plan assets was 7.00% in 2017 and 2016. This return is based on the expected return for each of the asset categories, weighted based on the target allocation for each class. The Company does not expect to make any contribution to its pension plan in 2018. Employer contributions totaled $2,000 in 2017. Increased contributions and increased plan assets offset by increased benefit obligations led to a change in funded status from $(814) at December 31, 2016 to $1,390 at December 31, 2017. NOTE 15 - RETIREMENT PLANS (Continued) The following tables set forth by level, within the fair value hierarchy, the pension plan’s assets at fair value as of December 31, 2017 and 2016: December 31, 2017 Level 1 Level 2 Level 3 Total Assets: Cash $ 113 $ — $ — $ 113 Bond mutual funds 23 — — 23 Common/collective trust: Bonds 9,980 — — 9,980 Equities 6,654 — — 6,654 Equity market funds: International 750 — — 750 Large cap 1,085 — — 1,085 Mid cap 269 — — 269 Small cap 432 — — 432 Total assets at fair value $ 19,306 $ — $ — $ 19,306 Investment in equity securities, debt securities, money market funds and mutual funds are valued at the closing price reported on the active market on which the individual securities are traded. The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Pension Plan believes its 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 at the reporting date. Expected benefit payments, which reflect expected future service, are as follows: 2018 $ 1,903 2019 1,127 2020 650 2021 913 2022 1,182 2023 through 2027 4,723 Total $ 10,498 Supplemental Retirement Plan Civista established a supplemental retirement plan (“SERP”) in 2013, which covers key members of management. Under the SERP, participants will receive annually, following retirement, a percentage of their base compensations at the time of their retirement for a maximum of ten years. The SERP liability recorded at December 31, 2017, was $2,308, compared to $1,984 at December 31, 2016. The expense related to the SERP was $365, $243 and $299 for 2017, 2016 and 2015, respectively. Distributions to participants made in 2017, 2016 and 2015 totaled $41, $34, and $22, respectively. |
Equity Incentive Plan
Equity Incentive Plan | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Equity Incentive Plan | NOTE 16 - EQUITY INCENTIVE PLAN At the Company’s 2014 annual meeting, the shareholders adopted the Company’s 2014 Incentive Plan (“2014 Incentive Plan”). The 2014 Incentive Plan authorizes the Company to grant options, stock awards, stock units and other awards for up to 375,000 common shares of the Company. There were 292,209 shares available for grants under this plan at December 31, 2017. During each of the last two years, the Board of Directors has awarded restricted common shares to senior officers of the Company. The restricted shares vest ratably over a three-year period following the grant date. The product of the number of restricted shares granted and the grant date market price of the Company’s common shares determines the fair value of restricted shares under the Company’s 2014 Incentive Plan. Management recognizes compensation expense for the fair value of restricted shares on a straight-line basis over the requisite service period for the entire award. On January 4, 2016, directors of the Company’s banking subsidiary, Civista, were paid a retainer in the form of non-restricted common shares of the Company. The aggregate of 2,730 common shares were issued to Civista directors as payment of their retainer for their service on the Civista Board of Directors covering the period up to the 2016 Annual Meeting. This issuance was expensed in its entirety when the shares were issued in the amount of $32. On May 17, 2016, directors of the Company’s banking subsidiary, Civista, were paid a retainer in the form of non-restricted common shares of the Company. The aggregate of 12,285 common shares were issued to Civista directors as payment of their retainer for their service on the Civista Board of Directors covering the period up to the 2017 Annual Meeting. This issuance was expensed in its entirety when the shares were issued in the amount of $130. On May 16, 2017, directors of the Company’s banking subsidiary, Civista, were paid a retainer in the form of non-restricted common shares of the Company. The aggregate of 6,804 common shares were issued to Civista directors as payment of their retainer for their service on the Civista Board of Directors covering the period up to the 2018 Annual Meeting. This issuance was expensed in its entirety when the shares were issued in the amount of $144. Finally, on September 11, 2017, a newly appointed director of the Company’s banking subsidiary, Civista, was paid a retainer in the form of non-restricted common shares of the Company. The aggregate of 367 common shares was issued as payment of her retainer for her service on the Civista Board of Directors covering the period up to the 2018 Annual Meeting. This issuance was expensed in its entirety when the shares were issued in the amount of $8. No options had been granted under the 2014 Incentive Plan as of December 31, 2017 and 2016. The Company classifies share-based compensation for employees with “Salaries, wages and benefits” in the Consolidated Statements of Operations. The following is a summary of the status of the Company’s restricted shares, and changes therein during the twelve months ended December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Number of Restricted Shares Weighted Average Grant Date Fair Value Number of Restricted Shares Weighted Average Grant Date Fair Value Nonvested at beginning of period 37,050 $ 10.77 16,983 $ 10.82 Granted 17,898 22.15 28,864 10.75 Vested (12,810 ) 10.76 (5,657 ) 10.82 Forfeited — — (3,140 ) 10.87 Nonvested at end of period 42,138 15.60 37,050 10.77 NOTE 16 - EQUITY INCENTIVE PLAN (Continued) The following is a summary of the status of the Company’s awarded restricted shares as of December 31, 2017: At December 31, 2017 Date of Award Shares Remaining Expense Remaining Vesting Period (Years) January 15, 2016 10,260 $ 66 3.00 March 11, 2016 15,748 33 1.00 March 20, 2017 11,713 110 2.00 March 20, 2017 6,185 108 4.00 43,906 $ 317 2.79 During the twelve months ended December 31, 2017, the Company recorded $274 of share-based compensation expense and $152 of director retainer fees for shares granted under the 2014 Incentive Plan. At December 31, 2017, the total compensation cost related to unvested awards not yet recognized is $317, which is expected to be recognized over the weighted average remaining life of the grants of 2.79 years. |
Fair Value Measurement
Fair Value Measurement | 12 Months Ended |
Dec. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurement | NOTE 17 - FAIR VALUE MEASUREMENT U.S. generally accepted accounting principles establish a hierarchal disclosure framework associated with the level of observable pricing utilized in measuring assets and liabilities at fair value. The three broad levels defined by the hierarchy are as follows: Level 1: Quoted prices for identical assets in active markets that are identifiable on the measurement date; Level 2: Significant other observable inputs, such as quoted prices for similar assets, quoted prices in markets that are not active and other inputs that are observable or can be corroborated by observable market data; Level 3: Significant unobservable inputs that reflect the Company’s own view about the assumptions that market participants would use in pricing an asset. Securities: Equity securities: Fair value swap asset/liability: Impaired loans: NOTE 17 - FAIR VALUE MEASUREMENT (Continued) Other real estate owned: Assets measured at fair value are summarized below. Fair Value Measurements at December 31, 2017 Using: (Level 1) (Level 2) (Level 3) Assets measured at fair value on a recurring basis: U.S. Treasury securities and obligations of U.S. Government agencies $ — $ 30,357 $ — Obligations of states and political subdivisions — 118,056 — Mortgage-backed securities in government sponsored entities — 81,817 — Equity securities in financial institutions — 832 — Fair value swap asset — 1,560 — Liabilities measured at fair value on a recurring basis: Fair value swap liability — 1,560 — Assets measured at fair value on a nonrecurring basis: Impaired Loans $ — $ — $ 1,040 Other Real Estate Owned — — 16 Fair Value Measurements at December 31, 2016 Using: (Level 1) (Level 2) (Level 3) Assets measured at fair value on a recurring basis: U.S. Treasury securities and obligations of U.S. Government agencies $ — $ 37,446 $ — Obligations of states and political subdivisions — 94,998 — Mortgage-backed securities in government sponsored entities — 62,642 — Equity securities in financial institutions — 778 — Fair value swap asset — 1,839 — Liabilities measured at fair value on a recurring basis: Fair value swap liability — 1,839 — Assets measured at fair value on a nonrecurring basis: Impaired Loans $ — $ — $ 952 Other Real Estate Owned — — 37 NOTE 17 - FAIR VALUE MEASUREMENT (Continued) The following tables presents quantitative information about the Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a nonrecurring basis at December 31, 2017 and 2016. Quantitative Information about Level 3 Fair Value Measurements December 31, 2017 Fair Value Valuation Technique Unobservable Input Range Weighted Average Impaired loans $ 1,040 Appraisal of collateral Appraisal adjustments 0% - 30% 16% Liquidation expense 0% - 10% 8% Holding period 0 - 30 months 20 months Other real estate owned $ 16 Appraisal of collateral Appraisal adjustments 10% - 30% 10% Liquidation expense 0% - 10% 10% Quantitative Information about Level 3 Fair Value Measurements December 31, 2016 Fair Value Valuation Technique Unobservable Input Range Weighted Average Impaired loans $ 952 Appraisal of collateral Appraisal adjustments 10% - 67% 64% Liquidation expense 0% - 10% 4% Holding period 0 - 30 months 19 months Other real estate owned $ 37 Appraisal of collateral Appraisal adjustments 10% - 30% 10% Liquidation expense 0% - 10% 10% The carrying amount and fair value of financial instruments were as follows: December 31, 2017 Carrying Amount Total Fair Value Level 1 Level 2 Level 3 Financial Assets: Cash and due from financial institutions $ 40,519 $ 40,519 $ 40,519 $ — $ — Securities available for sale 231,062 231,062 — 231,062 — Loans, held for sale 2,197 2,197 2,197 — — Loans, net of allowance for loan losses 1,151,527 1,146,969 — — 1,146,969 Other securities 14,247 14,247 14,247 — — Bank owned life insurance 25,125 25,125 25,125 — — Accrued interest receivable 4,336 4,336 4,336 — — Swap asset 1,560 1,560 — 1,560 — Financial Liabilities: Nonmaturing deposits 981,021 981,021 981,021 — — Time deposits 223,902 223,626 — — 223,626 Short-term FHLB advances 56,900 56,900 56,900 — — Long-term FHLB advances 15,000 14,964 — — 14,964 Securities sold under agreement to repurchase 21,755 21,755 21,755 — — Subordinated debentures 29,427 31,052 — — 31,052 Accrued interest payable 410 410 410 — — Swap liability 1,560 1,560 — 1,560 — NOTE 17 - FAIR VALUE MEASUREMENT (Continued) December 31, 2016 Carrying Amount Total Fair Value Level 1 Level 2 Level 3 Financial Assets: Cash and due from financial institutions $ 36,695 $ 36,695 $ 36,695 $ — $ — Securities available for sale 195,864 195,864 — 195,864 — Loans, held for sale 2,268 2,268 2,268 — — Loans, net of allowance for loan losses 1,042,201 1,047,329 — — 1,047,329 Other securities 14,055 14,055 14,055 — — Bank owned life insurance 24,552 24,552 24,552 — — Accrued interest receivable 3,854 3,854 3,854 — — Swap asset 1,839 1,839 — 1,839 — Financial Liabilities: Nonmaturing deposits 913,677 913,677 913,677 — — Time deposits 207,426 207,784 — — 207,784 Short-term FHLB advances 31,000 31,000 31,000 — — Long-term FHLB advances 17,500 17,553 — — 17,553 Securities sold under agreement to repurchase 28,925 28,925 28,925 — — Subordinated debentures 29,427 27,414 — — 27,414 Accrued interest payable 181 181 181 — — Swap liability 1,839 1,839 — 1,839 — The fair value approximates carrying amount for all items except those described below. Fair value for securities is based on quoted market values for the individual securities or for equivalent securities. For fixed rate loans or deposits and for variable rate loans or deposits with infrequent repricing or repricing limits, fair value is based on discounted cash flows using current market rates applied to the cash flow analysis or underlying collateral values. For swaps, fair value of the swap asset and liability is based on an external derivative model using data inputs as of the valuation date. Fair value of debt is based on current rates for similar financing. The fair value of off-balance-sheet items is based on the current fees or cost that would be charged to enter into or terminate such arrangements and are considered nominal. For certain homogeneous categories of loans, such as some residential mortgages, credit card receivables, and other consumer loans, fair value is estimated using the quoted market prices for securities backed by similar loans, adjusted for differences in loan characteristics. The fair value of other types of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. |
Commitments, Contingencies and
Commitments, Contingencies and Off-Balance-Sheet Risk | 12 Months Ended |
Dec. 31, 2017 | |
Commitments And Contingencies Disclosure [Abstract] | |
Commitments, Contingencies and Off-Balance-Sheet Risk | NOTE 18 - COMMITMENTS, CONTINGENCIES AND OFF-BALANCE-SHEET RISK Some financial instruments, such as loan commitments, credit lines, letters of credit, and overdraft protection are issued to meet customer financing needs. These are agreements to provide credit or to support the credit of others, as long as conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Off-balance-sheet risk to credit loss exists up to the face amount of these instruments, although material losses are not anticipated. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment. The contractual amount of financial instruments with off-balance-sheet risk was as follows at year-end. 2017 2016 Fixed Rate Variable Rate Fixed Rate Variable Rate Commitments to extend credit: Lines of credit and construction loans $ 4,982 $ 286,925 $ 6,905 $ 202,923 Overdraft protection 7 33,353 5 29,075 Letters of credit 624 2,637 600 349 $ 5,613 $ 322,915 $ 7,510 $ 232,347 Commitments to make loans are generally made for a period of one year or less. Fixed-rate loan commitments included above had interest rates ranging from 2.88% to 10.25% at December 31, 2017 and 3.25% to 8.50% at December 31, 2016. Maturities extend up to 30 years. Civista is required to maintain certain reserve balances on hand in accordance with the Federal Reserve Board requirements. The average reserve balance maintained in accordance with such requirements was $4,112 on December 31, 2017 and $2,887 on December 31, 2016. |
Capital Requirements and Restri
Capital Requirements and Restriction on Retained Earnings | 12 Months Ended |
Dec. 31, 2017 | |
Text Block [Abstract] | |
Capital Requirements and Restriction on Retained Earnings | NOTE 19 - CAPITAL REQUIREMENTS AND RESTRICTION ON RETAINED EARNINGS The Company (consolidated) and Civista collectively, the (“Companies”) are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory-and possibly additional discretionary-actions by regulators that, if undertaken, could have a direct material effect on the Companies’ financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Companies must meet specific capital guidelines that involve quantitative measures of the Companies’ assets, liabilities, and certain off-balance-sheet items as calculated under U.S. GAAP, regulatory reporting requirements, and regulatory capital standards. The Companies’ capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulatory capital standards to ensure capital adequacy require the Companies to maintain minimum amounts and ratios (set forth in the following table) of total and Tier 1 capital to risk-weighted assets, common equity Tier 1 capital to total risk-weighted assets, and of Tier 1 capital to average assets. Management believes, as of December 31, 2017, that the Companies met all capital adequacy requirements to which they were subject. NOTE 19 - CAPITAL REQUIREMENTS AND RESTRICTION ON RETAINED EARNINGS (Continued) As of December 31, 2017, and 2016, the most recent notification from the Federal Reserve Bank categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Companies must maintain minimum total risk-based capital, Tier 1 risk-based capital, common equity Tier 1 risk-based capital, and Tier 1 leverage ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the institution’s category. The Company’s and Civista’s actual capital levels and minimum required capital levels at December 31, 2017 and 2016 were as follows: To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Purposes Amount Ratio Amount Ratio Amount Ratio 2017 Total Risk Based Capital Consolidated $ 200,772 16.6 % $ 97,025 8.0 % n/a n/a Civista 161,394 13.3 96,880 8.0 $ 121,100 10.0 % Tier I Risk Based Capital Consolidated 187,638 15.5 72,769 6.0 n/a n/a Civista 147,473 12.2 72,660 6.0 96,880 8.0 CET1 Risk Based Capital Consolidated 140,853 11.6 54,576 4.5 n/a n/a Civista 136,760 11.3 54,495 4.5 78,715 6.5 Leverage Consolidated 187,638 12.7 59,089 4.0 n/a n/a Civista 147,473 10.0 59,031 4.0 73,788 5.0 2016 Total Risk Based Capital Consolidated $ 155,145 14.2 % $ 87,436 8.0 % n/a n/a Civista 145,270 13.3 87,334 8.0 $ 109,168 10.0 % Tier I Risk Based Capital Consolidated 141,840 13.0 65,577 6.0 n/a n/a Civista 131,391 12.0 65,501 6.0 87,334 8.0 CET1 Risk Based Capital Consolidated 93,463 8.6 49,183 4.5 n/a n/a Civista 120,465 11.0 49,126 4.5 70,959 6.5 Leverage Consolidated 141,840 10.6 53,774 4.0 n/a n/a Civista 131,391 9.8 53,717 4.0 67,146 5.0 CBI’s primary source of funds for paying dividends to its shareholders and for operating expense is the cash accumulated from dividends received from Civista. Payment of dividends by Civista to CBI is subject to restrictions by Civista’s regulatory agencies. These restrictions generally limit dividends to the current and prior two years retained earnings as defined by the regulations. In addition, dividends may not reduce capital levels below minimum regulatory requirements. At December 31, 2017, Civista had $36,440 net profits available to pay dividends to CBI. |
Parent Company Only Condensed F
Parent Company Only Condensed Financial Information | 12 Months Ended |
Dec. 31, 2017 | |
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | |
Parent Company Only Condensed Financial Information | NOTE 20 - PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed financial information of CBI follows: December 31, Condensed Balance Sheets 2017 2016 Assets: Cash $ 29,908 $ 4,747 Securities available for sale 832 778 Investment in bank subsidiary 167,192 149,965 Investment in nonbank subsidiaries 12,928 12,635 Other assets 5,212 1,226 Total assets $ 216,072 $ 169,351 Liabilities: Deferred income taxes and other liabilities $ 2,184 $ 2,308 Subordinated debentures 29,427 29,427 Total liabilities 31,611 31,735 Shareholders’ Equity: Preferred stock 17,358 18,950 Common stock 153,810 118,975 Accumulated earnings 31,652 19,263 Treasury Stock (17,235 ) (17,235 ) Accumulated other comprehensive loss (1,124 ) (2,337 ) Total shareholders’ equity 184,461 137,616 Total liabilities and shareholders’ equity $ 216,072 $ 169,351 For the years ended December 31, Condensed Statements of Operations 2017 2016 2015 Dividends from bank subsidiaries $ — $ — $ 14,226 Interest expense (1,035 ) (884 ) (760 ) Pension expense (925 ) (184 ) (388 ) Other expense, net (1,071 ) (920 ) (1,755 ) Income (loss) before equity in undistributed net earnings of subsidiaries (3,031 ) (1,988 ) 11,323 Income tax benefit 1,407 676 959 Equity in undistributed net earnings of subsidiaries 17,496 18,529 463 Net income $ 15,872 $ 17,217 $ 12,745 Comprehensive income $ 17,284 $ 15,375 $ 12,297 NOTE 20 - PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION (Continued) For the years ended December 31, Condensed Statements of Cash Flows 2017 2016 2015 Operating activities: Net income $ 15,872 $ 17,217 $ 12,745 Adjustment to reconcile net income to net cash from (used for) operating activities: Change in other assets and other liabilities (2,147 ) 1,821 1,324 Gain on sale of fixed asets (66 ) — — Equity in undistributed net earnings of subsidiaries (17,496 ) (18,529 ) (463 ) Net cash (used for) from operating activities (3,837 ) 509 13,606 Investing activities: Proceeds from sale of premises and equipment 138 — — Acquisition and additional capitalization of subsidiary, net of cash acquired (275 ) — (16,637 ) Net cash used for investing activities (137 ) — (16,637 ) Financing activities: Cash paid on fractional shares on preferred stock conversion to common stock — (1 ) — Net proceeds from common stock issuance 32,821 — — Payment to repurchase common stock (4 ) — — Cash dividends paid (3,682 ) (3,254 ) (3,139 ) Net cash from (used for) financing activities 29,135 (3,255 ) (3,139 ) Net change in cash and cash equivalents 25,161 (2,746 ) (6,170 ) Cash and cash equivalents at beginning of year 4,747 7,493 13,663 Cash and cash equivalents at end of year $ 29,908 $ 4,747 $ 7,493 |
Preferred Shares
Preferred Shares | 12 Months Ended |
Dec. 31, 2017 | |
Equity [Abstract] | |
Preferred Shares | NOTE 21 - PREFERRED SHARES On December 19, 2013, the Company completed the sale of 1,000,000 depositary shares, each representing a 1/40th ownership interest in a 6.50% Noncumulative Redeemable Convertible Perpetual Preferred Share, Series B, of the Company, with a liquidation preference of $1,000 per share (equivalent to $25.00 per depositary share). The Company sold the maximum of 1,000,000 depositary shares in the offering, resulting in gross proceeds to the Company of $25,000. Using proceeds from the sale of the depositary shares, the Company redeemed all of its outstanding Series A Preferred Shares for an aggregate purchase price of $22,857, which redemption was completed as of February 15, 2014. As of December 31, 2017, a total of 750,382 depository shares were outstanding. |
Earnings per Common Share
Earnings per Common Share | 12 Months Ended |
Dec. 31, 2017 | |
Earnings Per Share [Abstract] | |
Earnings per Common Share | NOTE 22 - EARNINGS PER COMMON SHARE The factors used in the earnings per share computation follow. 2017 2016 2015 Basic Net income $ 15,872 $ 17,217 $ 12,745 Preferred stock dividends 1,244 1,501 1,577 Net income available to common shareholders—basic $ 14,628 $ 15,716 $ 11,168 Weighted average common shares outstanding—basic 9,906,856 8,010,399 7,822,369 Basic earnings per share $ 1.48 $ 1.96 $ 1.43 Diluted Net income available to common shareholders—basic $ 14,628 $ 15,716 $ 11,168 Preferred stock dividends on convertible preferred stock 1,244 1,501 1,577 Net income available to common shareholders—diluted $ 15,872 $ 17,217 $ 12,745 Weighted average common shares outstanding for earnings per common share basic 9,906,856 8,010,399 7,822,369 Add: dilutive effects of convertible preferred shares 2,445,760 2,940,562 3,095,966 Average shares and dilutive potential common shares outstanding—diluted 12,352,616 10,950,961 10,918,335 Diluted earnings per share $ 1.28 $ 1.57 $ 1.17 Basic earnings per common share are calculated by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted earnings per common share include the dilutive effect, if any, of additional potential common shares issuable under the equity incentive plan, computed using the treasury stock method, and the impact of the Company’s convertible preferred shares using the “if converted” method. |
Quarterly Financial Data (Unaud
Quarterly Financial Data (Unaudited) | 12 Months Ended |
Dec. 31, 2017 | |
Quarterly Financial Information Disclosure [Abstract] | |
Quarterly Financial Data (Unaudited) | NOTE 23 - QUARTERLY FINANCIAL DATA (UNAUDITED) Interest Income Net Interest Income Net Income Basic Earnings per Common Share Diluted Earnings per Common Share 2017 First quarter (1)(2) $ 13,692 $ 12,892 $ 4,635 $ 0.47 $ 0.40 Second quarter (3)(4) 14,228 13,367 3,596 0.32 0.29 Third quarter (3) 14,836 13,680 3,660 0.33 0.29 Fourth quarter (3)(5) 15,838 14,563 3,981 0.36 0.30 2016 First quarter (1)(2) $ 13,053 $ 12,235 $ 4,725 $ 0.55 $ 0.43 Second quarter (5)(6) 13,739 12,940 5,181 0.61 0.47 Third quarter (7) 13,370 12,526 3,680 0.41 0.34 Fourth quarter (8) 13,405 12,558 3,631 0.39 0.33 (1) Interest income and net interest income increased due to loan volume and rate and volume on interest-bearing deposits in other banks. (2) Net income increased due to fees on tax refund processing program. ( 3 ) Interest income and net interest income increased due to increases in loan volume and rate. ( 4 ) Net income decreased due to a decrease in fees on the tax refund processing program. (5 ) Interest income and net interest income increased due to interest recoveries on non-performing loans. (6 ) Net income increased due to interest recoveries and provision credit. (7 ) Interest income, net interest income and net income decreased due to previous quarter interest recoveries and provision credit. ( 8 ) Interest income and net interest income increased due to loan volume and interest recoveries. |
Derivative Hedging Instruments
Derivative Hedging Instruments | 12 Months Ended |
Dec. 31, 2017 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Derivative Hedging Instruments | NOTE 24 - DERIVATIVE HEDGING INSTRUMENTS To accommodate customer need and to support the Company’s asset/liability positioning, on occasion we enter into interest rate swaps with a customer and a bank counterparty. The Company enters into a floating rate loan and a fixed rate swap with our customer. Simultaneously, the Company enters into an offsetting fixed rate swap with a bank counterparty. In connection with each swap transaction, the Company agrees to pay interest to the customer on a notional amount at a variable interest rate and receive interest from the customer on the same notional amount at a fixed interest rate. At the same time, the Company agrees to pay a bank counterparty the same fixed interest rate on the same notional amount and receive the same variable interest rate on the same notional amount. These transactions allow the Company’s customer to effectively convert variable rate loans to fixed rate loans. Since the Company acts as an intermediary for its customer, changes in the fair value of the underlying derivative contracts offset each other and do not significantly impact the Company’s results of operations. NOTE 24 - DERIVATIVE HEDGING INSTRUMENTS (Continued) The following table summarizes the Company’s interest rate swap positions and the impact of a 1 basis point change in interest rates as of December 31, 2017. Notional Amount Weighted Average Rate Received/ (Paid) Impact of a 1 basis point change in interest rates Repricing Frequency Derivative Assets $ 66,227 5.08 % $ 36 Monthly Derivative Liabilities (66,227 ) -5.08 % (36 ) Monthly Net Exposure $ — $ — The following table summarizes the Company’s interest rate swap positions and the impact of a 1 basis point change in interest rates as of December 31, 2016. Notional Amount Weighted Average Rate Received/ (Paid) Impact of a 1 basis point change in interest rates Repricing Frequency Derivative Assets $ 52,975 5.07 % $ 30 Monthly Derivative Liabilities (52,975 ) -5.07 % (30 ) Monthly Net Exposure $ — $ — The Company monitors and controls all derivative products with a comprehensive Board of Director approved commercial loan swap policy. All hedge transactions must be approved in advance by the Lenders Loan Committee or the Directors Loan Committee of the Board of Directors. |
Qualified Affordable Housing Pr
Qualified Affordable Housing Project Investments | 12 Months Ended |
Dec. 31, 2017 | |
Federal Home Loan Banks [Abstract] | |
Qualified Affordable Housing Project Investments | NOTE 25 – QUALIFIED AFFORDABLE HOUSING PROJECT INVESTMENTS The Company invests in qualified affordable housing projects. At December 31, 2017 and 2016, the balance of the Company’s investments in qualified affordable housing projects was $3,204 and $2,754, respectively. These balances are reflected in the other assets line on the Consolidated Balance Sheet. The unfunded commitments related to the investments in qualified affordable housing projects totaled $4,510 and $2,313 at December 31, 2017 and 2016, respectively. During the years ended December 31, 2017 and 2016, the Company recognized amortization expense with respect to its investments in qualified affordable housing projects of $354 and $304, respectively, which was included within pre-tax income on the Consolidated Statements of Operations. Additionally, during the years ended December 31, 2017 and 2016, the Company recognized tax credits and other benefits from its investments in affordable housing tax credits of $686 and $538, respectively. During the years ended December 31, 2017 and 2016, the Company did not incur impairment losses related to its investment in qualified affordable housing projects. |
Summary of Significant Accoun34
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2017 | |
Accounting Policies [Abstract] | |
Nature of Operations and Principles of Consolidation | Nature of Operations and Principles of Consolidation The Company provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Cuyahoga, Franklin, Logan, Summit, Huron, Ottawa, Madison, Montgomery and Richland. Its primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are residential mortgage, commercial, and installment loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets and commercial and residential real estate. Commercial loans are expected to be repaid from cash flow from operations of businesses. There are no significant concentrations of loans to any one industry or customer. However, our customers’ ability to repay their loans is dependent on the real estate and general economic conditions in the area. Other financial instruments that potentially represent concentrations of credit risk include deposit accounts in other financial institutions. FCIA was formed to allow the Company to participate in commission revenue generated through its third party insurance agreement. Insurance commission revenue was less than 1.0% of total revenue for the years ended December 31, 2017, 2016 and 2015. WSP was formed to hold repossessed assets of CBI’s subsidiaries. WSP revenue was less than 1% of total revenue for the years ended December 31, 2017, 2016 and 2015. FCRS was formed in 2012 and remained inactive for the periods presented. CRMI was formed in 2017 to provide property and casualty insurance coverage to CBI and its’ subsidiaries for which insurance may not be currently available or economically feasible in the insurance marketplace. CRMI revenue was less than 1% of total revenue for the year ended December 31, 2017. |
Use of Estimates | Use of Estimates |
Cash Flows | Cash Flows |
Securities | Securities NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage backed securities where prepayments are anticipated. Gains and losses on sales are based on the amortized cost of the security sold using the specific identification method. U.S. generally accepted accounting principles (“GAAP”) guidance specifies that if (a) a company does not have the intent to sell a debt security prior to recovery and (b) it is more-likely-than-not that it will not have to sell the debt security prior to recovery, the security would not be considered other-than-temporarily impaired unless there is a credit loss. When an entity does not intend to sell the security, and it is more-likely-than-not the entity will not have to sell the security before recovery of its cost basis, it will recognize the credit component of other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held-to-maturity debt securities, the amount of other-than-temporary impairment recorded in other comprehensive income for the non-credit portion of a previous other-than-temporary impairment should be amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. For available-for-sale debt securities that management has no intent to sell and believes that it more-likely-than-not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the non-credit loss is recognized in accumulated other comprehensive income. The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections. Other securities which include FHLB stock, Federal Reserve Bank (“FRB”) stock, Federal Agricultural Mortgage Corporation stock, Bankers’ Bancshares Inc. (“BB”) stock, and Norwalk Community Development Corp (“NCDC”) stock are carried at cost. |
Loans Held for Sale | Loans Held for Sale: |
Loans | Loans: Interest income on mortgage and commercial loans is discontinued at the time the loan is 90 days delinquent unless the credit is well-secured and in process of collection. Interest income on consumer loans is discontinued when management determines future collection is unlikely. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued, but not received, for loans placed on nonaccrual, is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. |
Purchased Loans | Purchased Loans: Purchased loans are accounted for individually or aggregated into pools of loans based on common risk characteristics (e.g., credit score, loan type, and date of origination). The Company estimates the amount and timing of expected cash flows for each purchased loan or pool, and the expected cash flows in excess of amount paid is recorded as interest income over the remaining life of the loan or pool (accretable yield). The excess of the loan’s, or pool’s, contractual principal and interest over expected cash flows is not recorded (nonaccretable difference). Over the life of the loan or pool, expected cash flows continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded. If the present value of expected future cash flows is greater than the carrying amount, the excess is recognized as part of future interest income. |
Allowance for Loan Losses | Allowance for Loan Losses: All commercial, commercial real estate and farm real estate loans are monitored on a regular basis with a detailed loan review completed for all loan relationships greater than $750. All commercial, commercial real estate and farm real estate loans that are 90 days past due or in nonaccrual status, are analyzed to determine if they are “impaired”, which means that it is probable that all amounts will not be collected according to the contractual terms of the loan agreement. All loans that are delinquent 90 days are classified as substandard and placed on nonaccrual status unless they are well-secured and in the process of collection. The remaining loans are evaluated and segmented with loans with similar risk characteristics. The Company allocates reserves based on risk categories and portfolio segments described below, which conform to the Company’s asset classification policy. In reviewing risk within Civista’s loan portfolio, management has identified specific segments to categorize loan portfolio risk: (i) Commercial & Agriculture loans; (ii) Commercial Real Estate – Owner Occupied loans; (iii) Commercial Real Estate – Non-Owner Occupied loans; (iv) Residential Real Estate loans; (v) Real Estate Construction loans; (vi) Farm Real Estate loans; and (vii) Consumer and Other loans. Additional information related to economic factors can be found in Note 5. |
Loan Charge-off Policies | Loan Charge-off Policies: |
Troubled Debt Restructurings | Troubled Debt Restructurings: |
Other Real Estate | Other Real Estate: |
Premises and Equipment | Premises and Equipment: |
Federal Home Loan Bank Stock | Federal Home Loan Bank Stock a b c d |
Federal Reserve Bank Stock | Federal Reserve Bank Stock |
Bank Owned Life Insurance (BOLI) | Bank Owned Life Insurance (BOLI) |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets: Other intangible assets consist of core deposit intangibles arising from whole bank and branch acquisitions. These intangible assets are measured at fair value and then amortized on an accelerated method over their estimated useful lives, which range from five to twelve years. |
Servicing Rights | Servicing Rights |
Long-term Assets | Long-term Assets: |
Repurchase Agreements | Repurchase Agreements |
Loan Commitments and Related Financial Instruments | Loan Commitments and Related Financial Instruments: |
Income Taxes | Income Taxes The Company prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Benefits from tax positions should be recognized in the financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. |
Stock-Based Compensation | Stock-Based Compensation Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. |
Retirement Plans | Retirement Plans |
Earnings per Common Share | Earnings per Common Share |
Comprehensive Income | Comprehensive Income |
Loss Contingencies | Loss Contingencies |
Restrictions on Cash | Restrictions on Cash |
Dividend Restriction | Dividend Restriction |
Fair Value of Financial Instruments | Fair Value of Financial Instruments |
Operating Segments | Operating Segments |
Business Combinations | Business Combinations: |
Derivative Instruments and Hedging Activities | Derivative Instruments and Hedging Activities Derivatives and Hedging |
Reclassifications | Reclassifications: |
Effect of Newly Issued but Not Yet Effective Accounting Standards | Effect of Newly Issued but Not Yet Effective Accounting Standards: In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers Revenue from Contracts with Customers In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805), Clarifying the Definition of a Business In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) goodwill impairment tests in fiscal years beginning after December 15, 2021. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In March 2017, the FASB issued ASU 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20). In May 2017, the FASB issued ASU 2017-09, Compensation – Stock Compensation (Topic 718) In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), and Derivative and Hedging (Topic 815) Debt—Debt with Conversion and Other Options NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) For public business entities, the amendments in Part I of this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. For all other entities, the amendments in Part I of this Update are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted for all entities, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The amendments in Part I of this Update should be applied either retrospectively to outstanding financial instruments with a down-round feature by means of a cumulative-effect adjustment to the statement of financial position as of the beginning of the first fiscal year and interim period(s) in which the pending content that links to this paragraph is effective or retrospectively to outstanding financial instruments with a down-round feature for each prior reporting period presented in accordance with the guidance on accounting changes in paragraphs 250-10-45-5 through 45-10. The amendments in Part II of this Update do not require any transition guidance because those amendments do not have an accounting effect. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 850) In September 2017, the FASB issued ASU 2017-13, Revenue Recognition (Topic 605), Revenue from Contracts with Customers (Topic 606), Leases (Topic 840), and Leases (Topic 842 Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments. Revenue from Contracts with Customers Leases In January 2018, the FASB issued ASU 2018-01, Leases (Topic 842) NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) requirements for the amendments are the same as the effective date and transition requirements in ASU 2016-02. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In February 2018, the FASB issued ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220) An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018 (Tax Cuts and Jobs Act) |
Merger (Tables)
Merger (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Business Combinations [Abstract] | |
Schedule of Financial Information for Former TCNB Included in Consolidated Statement of Operations | The following table presents financial information for the former TCNB included in the Consolidated Statements of Operations from the date of acquisition through December 31, 2015. Actual From Acquisition Date Through December 31, 2015 (in thousands) Net interest income after provision for loan losses $ 3,155 Noninterest income 138 Net income 1,282 |
Business Acquisition, Unaudited Pro Forma Information | The following table presents unaudited pro forma information for the periods ended December 31, 2017, 2016 and 2015 as if the acquisition of TCNB had occurred on January 1, 2015. This table has been prepared for comparative purposes only and is not indicative of the actual results that would have been attained had the acquisition occurred as of the beginning of the periods presented, nor is it indicative of future results. Pro Formas (unaudited) Twelve months ended December 31, 2017 2016 2015 Net interest income after provision for loan losses $ 54,456 $ 51,389 $ 46,852 Noninterest income 16,334 16,132 14,699 Net income 15,769 16,949 11,931 Pro forma earnings per share: Basic $ 1.47 $ 1.93 $ 1.32 Diluted $ 1.28 $ 1.55 $ 1.09 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for TCNB. Core deposit intangibles will be amortized over periods of between five and ten years using an accelerated method. Goodwill will not be amortized, but instead will be evaluated for impairment. At March 6, 2015 Total purchase price $ 17,226 Net assets acquired: Cash and short-term investments 18,152 Loans, net 76,444 Other securities 716 Premises and equipment 1,738 Accrued interest receivable 194 Core deposit intangible 1,009 Other assets 472 Noninterest-bearing deposits (18,263 ) Interest-bearing deposits (68,606 ) Other liabilities (5 ) 11,851 Goodwill $ 5,375 |
Securities (Tables)
Securities (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Investments Debt And Equity Securities [Abstract] | |
Available for Sale Securities | The amortized cost and fair value of available for sale securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive loss were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value 2017 U.S. Treasury securities and obligations of U.S.government agencies $ 30,450 $ 100 $ (192 ) $ 30,357 Obligations of states and political subdivisions 114,002 4,226 (172 ) 118,056 Mortgage-back securities in government sponsored entities 82,098 408 (690 ) 81,817 Total debt securities 226,550 4,734 (1,054 ) 230,230 Equity securities in financial institutions 481 351 — 832 Total $ 227,031 $ 5,085 $ (1,054 ) $ 231,062 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value 2016 U.S. Treasury securities and obligations of U.S.government agencies $ 37,406 $ 117 $ (77 ) $ 37,446 Obligations of states and political subdivisions 92,177 3,395 (574 ) 94,998 Mortgage-back securities in government sponsored entities 62,756 483 (597 ) 62,642 Total debt securities 192,339 3,995 (1,248 ) 195,086 Equity securities in financial institutions 481 297 — 778 Total $ 192,820 $ 4,292 $ (1,248 ) $ 195,864 |
Fair Value of Securities by Contractual Maturity | The amortized cost and fair value of securities at year end 2017 by contractual maturity were as follows. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately. Available for sale Amortized Cost Fair Value Due in one year or less $ 8,787 $ 8,765 Due from one to five years 27,662 27,691 Due from five to ten years 30,167 31,622 Due after ten years 77,836 80,335 Mortgage-backed securities in government sponsored entities 82,098 81,817 Equity securities in financial institutions 481 832 Total $ 227,031 $ 231,062 |
Proceeds from Sales of Securities, Gross Realized Gains and Losses | Proceeds from sales of securities, gross realized gains and gross realized losses were as follows: 2017 2016 2015 Sale proceeds $ 953 $ 4,349 $ — Gross realized gains — 18 — Gross realized losses — — — Gains (losses) from securities called or settled by the issuer 12 1 (18 ) |
Securities with Unrealized Losses Not Recognized in Income | Debt securities with unrealized losses at year end 2017 and 2016 not recognized in income are as follows: 2017 12 Months or less More than 12 months Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Treasury securities and obligations of U.S. government agencies $ 20,449 $ (100 ) $ 6,617 $ (92 ) $ 27,066 $ (192 ) Obligations of states and political subdivisions 4,057 (41 ) 7,309 (131 ) 11,366 (172 ) Mortgage-backed securities in gov’t sponsored entities 29,534 (195 ) 22,199 (495 ) 51,733 (690 ) Total temporarily impaired $ 54,040 $ (336 ) $ 36,125 $ (718 ) $ 90,165 $ (1,054 ) 2016 12 Months or less More than 12 months Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Treasury securities and obligations of U.S. government agencies $ 13,271 $ (61 ) $ 893 $ (16 ) $ 14,164 $ (77 ) Obligations of states and political subdivisions 17,167 (558 ) 519 (16 ) 17,686 (574 ) Mortgage-backed securities in gov’t sponsored entities 35,453 (566 ) 2,849 (31 ) 38,302 (597 ) Total temporarily impaired $ 65,891 $ (1,185 ) $ 4,261 $ (63 ) $ 70,152 $ (1,248 ) |
Loans (Tables)
Loans (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Receivables [Abstract] | |
Loan Balances | Loans at year-end were as follows: 2017 2016 Commercial and Agriculture $ 152,473 $ 135,462 Commercial Real Estate - owner occupied 164,099 161,364 Commercial Real Estate - non-owner occupied 425,623 395,931 Residential Real Estate 268,735 247,308 Real Estate Construction 97,531 56,293 Farm Real Estate 39,461 41,170 Consumer and Other 16,739 17,978 Total Loans 1,164,661 1,055,506 Allowance for loan losses (13,134 ) (13,305 ) Net loans $ 1,151,527 $ 1,042,201 |
Loans to Directors and Executive Officers Including Immediate Families | Loans to principal officers, directors, and their affiliates at year-end 2017 and 2016 were as follows: 2017 2016 Balance - Beginning of year $ 14,389 $ 15,147 New loans and advances 2,344 850 Repayments (1,256 ) (1,575 ) Effect of changes to related parties (1,475 ) (33 ) Balance - End of year $ 14,002 $ 14,389 |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Text Block [Abstract] | |
Changes in the Allowance for Loan Losses and Loan Balances Outstanding | The following tables present, by portfolio segment, the changes in the allowance for loan losses, the ending allocation of the allowance for loan losses and the loan balances outstanding for the years ended December 31, 2017, 2016 and 2015. The changes can be impacted by overall loan volume, adversely graded loans, historical charge-offs and economic factors NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) Allowance for loan losses: December 31, 2017 Beginning balance Charge-offs Recoveries Provision (Credit) Ending Balance Commercial & Agriculture $ 2,018 $ (11 ) $ 372 $ (817 ) $ 1,562 Commercial Real Estate: Owner Occupied 2,171 (328 ) 69 131 2,043 Non-Owner Occupied 4,606 (38 ) 46 693 5,307 Residential Real Estate 3,089 (400 ) 194 (973 ) 1,910 Real Estate Construction 420 — 44 370 834 Farm Real Estate 442 — 3 (15 ) 430 Consumer and Other 314 (165 ) 43 98 290 Unallocated 245 — — 513 758 Total $ 13,305 $ (942 ) $ 771 $ — $ 13,134 NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) Allowance for loan losses: December 31, 2016 Beginning balance Charge-offs Recoveries Provision (Credit) Ending Balance Commercial & Agriculture $ 1,478 $ (880 ) $ 105 $ 1,315 $ 2,018 Commercial Real Estate: Owner Occupied 2,467 (228 ) 56 (124 ) 2,171 Non-Owner Occupied 4,657 (23 ) 1,372 (1,400 ) 4,606 Residential Real Estate 4,086 (455 ) 479 (1,021 ) 3,089 Real Estate Construction 371 (115 ) 12 152 420 Farm Real Estate 538 — — (96 ) 442 Consumer and Other 382 (125 ) 46 11 314 Unallocated 382 — — (137 ) 245 Total $ 14,361 $ (1,826 ) $ 2,070 $ (1,300 ) $ 13,305 NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) Allowance for loan losses: December 31, 2015 Beginning balance Charge-offs Recoveries Provision (Credit) Ending Balance Commercial & Agriculture $ 1,819 $ (190 ) $ 182 $ (333 ) $ 1,478 Commercial Real Estate: Owner Occupied 2,221 (523 ) 187 582 2,467 Non-Owner Occupied 4,334 (81 ) 115 289 4,657 Residential Real Estate 3,747 (1,135 ) 331 1,143 4,086 Real Estate Construction 428 — 5 (62 ) 371 Farm Real Estate 822 — 76 (360 ) 538 Consumer and Other 200 (120 ) 46 256 382 Unallocated 697 — — (315 ) 382 Total $ 14,268 $ (2,049 ) $ 942 $ 1,200 $ 14,361 The following tables present, by portfolio segment, the allocation of the allowance for loan losses and related loan balances as of December 31, 2017 and December 31, 2016. December 31, 2017 Loans acquired with credit deterioration Loans individually evaluated for impairment Loans collectively evaluated for impairment Total Allowance for loan losses: Commercial & Agriculture $ 82 $ 4 $ 1,476 $ 1,562 Commercial Real Estate: Owner Occupied — 6 2,037 2,043 Non-Owner Occupied — — 5,307 5,307 Residential Real Estate 44 109 1,757 1,910 Real Estate Construction — — 834 834 Farm Real Estate — 6 424 430 Consumer and Other — — 290 290 Unallocated — — 758 758 Total $ 126 $ 125 $ 12,883 $ 13,134 Outstanding loan balances: Commercial & Agriculture $ 87 $ 438 $ 151,948 $ 152,473 Commercial Real Estate: Owner Occupied — 1,010 163,089 164,099 Non-Owner Occupied — 44 425,579 425,623 Residential Real Estate 128 1,360 267,247 268,735 Real Estate Construction — — 97,531 97,531 Farm Real Estate — 608 38,853 39,461 Consumer and Other — — 16,739 16,739 Total $ 215 $ 3,460 $ 1,160,986 $ 1,164,661 NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) December 31, 2016 Loans acquired with credit deterioration Loans individually evaluated for impairment Loans collectively evaluated for impairment Total Allowance for loan losses: Commercial & Agriculture $ 86 $ 82 $ 1,850 $ 2,018 Commercial Real Estate: Owner Occupied — 4 2,167 2,171 Non-Owner Occupied — — 4,606 4,606 Residential Real Estate 89 102 2,898 3,089 Real Estate Construction — — 420 420 Farm Real Estate — — 442 442 Consumer and Other — — 314 314 Unallocated — — 245 245 Total $ 175 $ 188 $ 12,942 $ 13,305 Outstanding loan balances: Commercial & Agriculture $ 88 $ 1,983 $ 133,391 $ 135,462 Commercial Real Estate: Owner Occupied — 1,896 159,468 161,364 Non-Owner Occupied — 359 395,572 395,931 Residential Real Estate 168 1,686 245,454 247,308 Real Estate Construction — — 56,293 56,293 Farm Real Estate — 614 40,556 41,170 Consumer and Other — 1 17,977 17,978 Total $ 256 $ 6,539 $ 1,048,711 $ 1,055,506 |
Credit Exposures by Internally Assigned Grades | December 31, 2017 Pass Special Mention Substandard Doubtful Ending Balance Commercial & Agriculture $ 140,842 $ 8,412 $ 3,219 $ — $ 152,473 Commercial Real Estate: Owner Occupied 155,756 1,166 7,177 — 164,099 Non-Owner Occupied 422,363 2,321 939 — 425,623 Residential Real Estate 62,628 1,997 5,873 — 70,498 Real Estate Construction 91,545 15 27 — 91,587 Farm Real Estate 25,228 11,236 2,997 — 39,461 Consumer and Other 1,312 — 70 — 1,382 Total $ 899,674 $ 25,147 $ 20,302 $ — $ 945,123 December 31, 2016 Pass Special Mention Substandard Doubtful Ending Balance Commercial & Agriculture $ 127,867 $ 4,300 $ 3,295 $ — $ 135,462 Commercial Real Estate: Owner Occupied 151,659 4,016 5,689 — 161,364 Non-Owner Occupied 393,592 1,676 663 — 395,931 Residential Real Estate 59,015 1,661 6,911 — 67,587 Real Estate Construction 50,678 16 27 — 50,721 Farm Real Estate 31,814 5,673 3,683 — 41,170 Consumer and Other 2,135 — 109 — 2,244 Total $ 816,760 $ 17,342 $ 20,377 $ — $ 854,479 |
Performing and Nonperforming Loans | Certain TDRs are classified as nonperforming at the time of restructure and may only be returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period, generally six months. December 31, 2017 Residential Real Estate Real Estate Construction Consumer and Other Total Performing $ 198,237 $ 5,944 $ 15,341 $ 219,522 Nonperforming — — 16 16 Total $ 198,237 $ 5,944 $ 15,357 $ 219,538 December 31, 2016 Residential Real Estate Real Estate Construction Consumer and Other Total Performing $ 179,721 $ 5,572 $ 15,725 $ 201,018 Nonperforming — — 9 9 Total $ 179,721 $ 5,572 $ 15,734 $ 201,027 |
Aging Analysis of Past Due Loans | The following tables include an aging analysis of the recorded investment of past due loans outstanding as of December 31, 2017 and 2016. December 31, 2017 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Total Past Due Current Purchased Credit- Impaired Loans Total Loans Past Due 90 Days and Accruing Commercial & Agriculture $ 575 $ 2 $ 685 $ 1,262 $ 151,124 $ 87 $ 152,473 $ — Commercial Real Estate: Owner Occupied 897 104 484 1,485 162,614 — 164,099 — Non-Owner Occupied 133 — 470 603 425,020 — 425,623 — Residential Real Estate 1,613 229 785 2,627 265,980 128 268,735 — Real Estate Construction — — 27 27 97,504 — 97,531 — Farm Real Estate 27 — 186 213 39,248 — 39,461 — Consumer and Other 92 96 16 204 16,535 — 16,739 16 Total $ 3,337 $ 431 $ 2,653 $ 6,421 $ 1,158,025 $ 215 $ 1,164,661 $ 16 December 31, 2016 30-59 Days Past Due 60-89 Days Past Due 90 Days or Greater Total Past Due Current Purchased Credit- Impaired Loans Total Loans Past Due 90 Days and Accruing Commercial & Agriculture $ 156 $ 20 $ 152 $ 328 $ 135,046 $ 88 $ 135,462 $ — Commercial Real Estate: Owner Occupied 722 553 280 1,555 159,809 — 161,364 — Non-Owner Occupied 147 — 316 463 395,468 — 395,931 — Residential Real Estate 1,812 507 1,049 3,368 243,772 168 247,308 — Real Estate Construction — — 27 27 56,266 — 56,293 — Farm Real Estate 93 — — 93 41,077 — 41,170 — Consumer and Other 215 31 31 277 17,701 — 17,978 9 Total $ 3,145 $ 1,111 $ 1,855 $ 6,111 $ 1,049,139 $ 256 $ 1,055,506 $ 9 |
Summary of Nonaccrual Loans Excluding Purchased Credit-Impaired (PCI) Loans | The following table presents loans on nonaccrual status, excluding purchased credit-impaired (PCI) loans, as of December 31, 2017 and 2016. 2017 2016 Commercial & Agriculture $ 887 $ 1,622 Commercial Real Estate: Owner Occupied 1,476 1,461 Non-Owner Occupied 711 464 Residential Real Estate 2,778 3,266 Real Estate Construction 27 27 Farm Real Estate 186 2 Consumer and Other 67 101 Total $ 6,132 $ 6,943 |
Schedule of Troubled Debt Restructurings | Loan modifications that are considered TDRs completed during the twelve month periods ended December 31, 2017, 2016 and 2015 were as follows: For the Twelve Month Period Ended December 31, 2017 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial & Agriculture — $ — $ — Commercial Real Estate: Owner Occupied — — — Non-Owner Occupied — — — Residential Real Estate 1 13 13 Real Estate Construction — — — Farm Real Estate — — — Consumer and Other — — — Total Loan Modifications 1 $ 13 $ 13 For the Twelve Month Period Ended December 31, 2016 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial & Agriculture 4 $ 529 $ 529 Commercial Real Estate: Owner Occupied — — — Non-Owner Occupied — — — Residential Real Estate 2 308 308 Real Estate Construction — — — Farm Real Estate 3 700 700 Consumer and Other — — — Total Loan Modifications 9 $ 1,537 $ 1,537 For the Twelve Month Period Ended December 31, 2015 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial & Agriculture — $ — $ — Commercial Real Estate: Owner Occupied — — — Non-Owner Occupied — — — Residential Real Estate — — — Real Estate Construction 1 41 41 Farm Real Estate — — — Consumer and Other — — — Total Loan Modifications 1 $ 41 $ 41 |
Impaired Financing Receivables Excluding PCI Loans | The following tables include the recorded investment and unpaid principal balances for impaired financing receivables, excluding PCI loans, with the associated allowance amount, if applicable, as of December 31, 2017 and 2016. December 31, 2017 December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial & Agriculture $ — $ — $ 1,230 $ 1,751 Commercial Real Estate: Owner Occupied 693 913 1,658 1,803 Non-Owner Occupied 44 48 359 386 Residential Real Estate 977 1,049 1,259 1,590 Farm Real Estate 148 148 614 614 Consumer and Other — — 1 1 Total 1,862 2,158 5,121 6,145 With an allowance recorded: Commercial & Agriculture 438 438 $ 4 753 1,303 $ 82 Commercial Real Estate: Owner Occupied 317 317 6 238 238 4 Non-Owner Occupied — — — — — — Residential Real Estate 383 387 109 427 431 102 Farm Real Estate 460 460 6 — — — Total 1,598 1,602 125 1,418 1,972 188 Total: Commercial & Agriculture 438 438 4 1,983 3,054 82 Commercial Real Estate: Owner Occupied 1,010 1,230 6 1,896 2,041 4 Non-Owner Occupied 44 48 — 359 386 — Residential Real Estate 1,360 1,436 109 1,686 2,021 102 Farm Real Estate 608 608 6 614 614 — Consumer and Other — — — 1 1 — Total $ 3,460 $ 3,760 $ 125 $ 6,539 $ 8,117 $ 188 NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) The following tables include the average recorded investment and interest income recognized for impaired financing receivables as of, and for the years ended, December 31, 2017, 2016 and 2015. For the year ended: December 31, 2017 December 31, 2016 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial & Agriculture $ 1,375 $ 34 $ 2,036 $ 40 Commercial Real Estate: Owner Occupied 1,507 75 1,847 862 Non-Owner Occupied 233 6 1,039 83 Residential Real Estate 1,515 73 1,787 175 Real Estate Construction — — — 1 Farm Real Estate 613 28 1,006 95 Consumer and Other — — 2 — Total $ 5,243 $ 216 $ 7,717 $ 1,256 For the year ended: December 31, 2015 Average Recorded Investment Interest Income Recognized Commercial & Agriculture $ 1,519 $ 54 Commercial Real Estate: Owner Occupied 2,738 139 Non-Owner Occupied 1,946 32 Residential Real Estate 2,544 103 Real Estate Construction 16 — Farm Real Estate 653 56 Consumer and Other 4 — Total $ 9,420 $ 384 |
Schedule of Changes in Amortized Yield for PCI Loans | NOTE 5 - ALLOWANCE FOR LOAN LOSSES (Continued) Changes in the amortizable yield for PCI loans were as follows, since acquisition: At December 31, 2017 At December 31, 2016 (In Thousands) (In Thousands) Balance at beginning of period $ 49 $ 80 Acquisition of PCI loans — — Accretion (34 ) (31 ) Balance at end of period $ 15 $ 49 |
Schedule of Loans Acquired and Accounted | The following table presents additional information regarding loans acquired and accounted for in accordance with ASC 310-30: At December 31, 2017 At December 31, 2016 Acquired Loans with Specific Evidence of Deterioration of Credit Quality (ASC 310-30) Acquired Loans with Specific Evidence of Deterioration of Credit Quality (ASC 310-30) (In Thousands) Outstanding balance $ 775 $ 850 Carrying amount 215 256 |
Other Comprehensive Income (L39
Other Comprehensive Income (Loss) (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Equity [Abstract] | |
Changes in Each Component of Accumulated Other Comprehensive Loss, Net of Tax | The following table presents the changes in each component of accumulated other comprehensive loss, net of tax, as of December 31, 2017, 2016 and 2015. For the Year Ended December 31, 2017 For the Year Ended December 31, 2016 For the Year Ended December 31, 2015 Unrealized Gains and Losses on Available for Sale Securities Defined Benefit Pension Items Total Unrealized Gains and Losses on Available for Sale Securities Defined Benefit Pension Items Total Unrealized Gains and Losses on Available for Sale Securities Defined Benefit Pension Items Total Beginning balance $ 2,008 $ (4,345 ) $ (2,337 ) $ 3,554 $ (4,049 ) $ (495 ) $ 3,730 $ (3,777 ) $ (47 ) Other comprehensive income (loss) before reclassifications 620 553 1,173 (1,533 ) (511 ) (2,044 ) (188 ) (449 ) (637 ) Amounts reclassified from accumulated other comprehensive loss (8 ) 247 239 (13 ) 215 202 12 177 189 Net current-period other comprehensive income (loss) 612 800 1,412 (1,546 ) (296 ) (1,842 ) (176 ) (272 ) (448 ) Reclassification of certain income tax effects from accumulated other comprehensive loss 565 (764 ) (199 ) — — — — — — Ending balance $ 3,185 $ (4,309 ) $ (1,124 ) $ 2,008 $ (4,345 ) $ (2,337 ) $ 3,554 $ (4,049 ) $ (495 ) |
Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Loss | The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss as of December 31, 2017, 2016 and 2015. Amount Reclassified from Accumulated Other Comprehensive Loss (a) For the year ended December 31, Details about Accumulated Other Comprehensive Loss Components 2017 2016 2015 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains (losses) on available-for-sale securities $ 12 $ 19 $ (18 ) Net gain (loss) on sale of securities Tax effect (4 ) (6 ) 6 Income taxes 8 13 (12 ) Amortization of defined benefit pension items Actuarial losses (380 ) (b) (326 ) (b) (270 ) (b) Salaries, wages and benefits Tax effect 133 111 93 Income taxes (247 ) (215 ) (177 ) Total reclassifications for the period $ (239 ) $ (202 ) $ (189 ) (a) Amounts in parentheses indicate expenses and other amounts indicate income. (b) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost. |
Premises and Equipment (Tables)
Premises and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Property Plant And Equipment [Abstract] | |
Year-End Premises and Equipment | Year-end premises and equipment were as follows: 2017 2016 Land and improvements $ 5,022 $ 5,094 Buildings and improvements 21,221 20,266 Furniture and equipment 17,004 16,070 Total 43,247 41,430 Accumulated depreciation (25,636 ) (23,510 ) Premises and equipment, net $ 17,611 $ 17,920 |
Rent Commitments Under Non-Cancelable Operating Leases | Rent expense was $580, $540 and $506 for 2017, 2016 and 2015, respectively. Rent commitments under non-cancelable operating leases at December 31, 2017 were as follows, before considering renewal options that generally are present. 2018 $ 571 2019 479 2020 226 2021 91 2022 36 Total $ 1,403 |
Goodwill and Intangible Assets
Goodwill and Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Schedule of Acquired Intangible Assets | NOTE 8 - GOODWILL AND INTANGIBLE ASSETS (Continued) Acquired intangible assets were as follows as of year end. 2017 2016 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets(1): MSRs $ 1,065 $ 322 $ 743 $ 912 $ 250 $ 662 Core deposit intangibles 7,274 6,738 536 7,274 6,152 1,122 Total amortized intangible assets $ 8,339 $ 7,060 $ 1,279 $ 8,186 $ 6,402 $ 1,784 (1) Excludes fully amortized intangible assets |
Schedule of Estimated Amortization Expense | Estimated amortization expense for each of the next five years and thereafter is as follows: MSRs Core deposit intangibles Total 2018 $ 41 $ 111 $ 152 2019 41 88 129 2020 41 71 112 2021 41 68 109 2022 41 68 109 Thereafter 538 130 668 $ 743 $ 536 $ 1,279 |
Interest-Bearing Deposits (Tabl
Interest-Bearing Deposits (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Text Block [Abstract] | |
Summary of Interest-Bearing Deposits | Interest-bearing deposits as of December 31, 2017 and 2016 were as follows: 2017 2016 Demand $ 183,680 $ 183,759 Statement and Passbook Savings 435,377 384,330 Certificates of Deposit: $250 and over 8,206 13,640 Other 192,455 168,723 Individual Retirement Accounts 23,241 25,063 Total $ 842,959 $ 775,515 |
Scheduled Maturities of Certificates of Deposit | Scheduled maturities of certificates of deposit, including IRA’s at December 31, 2017 were as follows: 2018 $ 161,656 2019 41,926 2020 15,459 2021 3,382 2022 1,202 Thereafter 277 Total $ 223,902 |
Short-Term Borrowings (Tables)
Short-Term Borrowings (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Debt Disclosure [Abstract] | |
Summary of Federal Funds Purchased and Other Short-term Borrowings | Short-term borrowings, which consist of federal funds purchased and other short-term borrowings are summarized as follows: At December 31, 2017 At December 31, 2016 Federal Funds Purchased Short-term Borrowings Federal Funds Purchased Short-term Borrowings Outstanding balance at year end $ — $ 56,900 $ — $ 31,000 Maximum indebtedness during the year 20,000 115,050 20,000 70,400 Average balance during the year 119 38,825 116 10,483 Average rate paid during the year 1.68 % 1.12 % 0.86 % 0.42 % Interest rate on year end balance — 1.42 % — 0.64 % At December 31, 2015 Federal Funds Purchased Short-term Borrowings Outstanding balance at year end $ — $ 53,700 Maximum indebtedness during the year — 64,700 Average balance during the year 69 26,880 Average rate paid during the year 0.53 % 0.20 % Interest rate on year end balance — 0.35 % |
Federal Home Loan Bank Advanc44
Federal Home Loan Bank Advances (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Banking And Thrift [Abstract] | |
Scheduled Principal Reductions of Federal Home Loan Bank Advances Outstanding | NOTE 11 - FEDERAL HOME LOAN BANK ADVANCES (Continued) Scheduled principal reductions of FHLB advances outstanding at December 31, 2017 were as follows: 2018 $ 10,000 2019 5,000 Total $ 15,000 |
Securities Sold Under Agreeme45
Securities Sold Under Agreements to Repurchase (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Brokers And Dealers [Abstract] | |
Summary of Securities Pledged as Collateral Under Repurchase Agreements | The following table presents detail regarding the securities pledged as collateral under repurchase agreements as of December 31, 2017 and 2016. All of the repurchase agreements are overnight agreements. December 31, 2017 December 31, 2016 Securities pledged for repurchase agreements: U.S. Treasury securities $ 874 $ 1,761 Obligations of U.S. government agencies 20,881 27,164 Total securities pledged $ 21,755 $ 28,925 Gross amount of recognized liabilities for repurchase agreements $ 21,755 $ 28,925 Amounts related to agreements not included in offsetting disclosures above $ — $ — |
Schedule of Securities Sold Under Agreements to Repurchase | Information concerning securities sold under agreements to repurchase was as follows: 2017 2016 2015 Outstanding balance at year end $ 21,755 $ 28,925 $ 25,040 Average balance during the year 18,234 21,767 20,086 Average interest rate during the year 0.10 % 0.10 % 0.10 % Maximum month-end balance during the year $ 23,889 $ 28,925 $ 25,040 Weighted average interest rate at year end 0.10 % 0.10 % 0.10 % |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Schedule of Income Tax | Income taxes were as follows for the years ended December 31: 2017 2016 2015 Current $ 5,414 $ 6,449 $ 5,191 Deferred 435 170 (410 ) Change in corporate tax rate 511 — — Income taxes $ 6,360 $ 6,619 $ 4,781 |
Effective Tax Rates Differ from Statutory Federal Income Tax Rate | Effective tax rates differ from the statutory federal income tax rate of 35% in 2017 and 2016 and 34% in 2015 due to the following: 2017 2016 2015 Income taxes computed at the statutory federal tax rate $ 7,781 $ 8,343 $ 5,959 Add (subtract) tax effect of: Nontaxable interest income, net of nondeductible interest expense (1,107 ) (946 ) (900 ) Low income housing tax credit (686 ) (435 ) (303 ) Cash surrender value of BOLI (201 ) (197 ) (159 ) Change in corporate tax rate 511 — — Other 62 (146 ) 184 Income tax expense $ 6,360 $ 6,619 $ 4,781 |
Summary of Deferred Tax Assets and Liabilities | Year-end deferred tax assets and liabilities were due to the following: 2017 2016 Deferred tax assets Allowance for loan losses $ 2,848 $ 4,640 Deferred compensation 1,213 1,762 Intangible assets 95 187 Pension costs — 277 Other 141 102 Deferred tax asset 4,297 6,968 Deferred tax liabilities Tax depreciation in excess of book depreciation (275 ) (97 ) Discount accretion on securities (43 ) (58 ) Purchase accounting adjustments (536 ) (1,091 ) FHLB stock dividends (1,053 ) (1,705 ) Unrealized gain on securities available for sale (847 ) (1,035 ) Pension costs (293 ) — Prepaids (320 ) — Other (166 ) (256 ) Deferred tax liability (3,533 ) (4,242 ) Net deferred tax asset $ 764 $ 2,726 |
Retirement Plans (Tables)
Retirement Plans (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Information about Pension Plan | Information about the pension plan is as follows: 2017 2016 Change in benefit obligation: Beginning benefit obligation $ 16,964 $ 16,328 Service cost — — Interest cost 679 689 Curtailment gain — — Settlement loss 46 51 Actuarial (gain)/loss 986 669 Benefits paid (759 ) (773 ) Ending benefit obligation 17,916 16,964 Change in plan assets, at fair value: Beginning plan assets 16,150 15,647 Actual return 1,947 802 Employer contribution 2,000 500 Benefits paid (759 ) (773 ) Administrative expenses (32 ) (26 ) Ending plan assets 19,306 16,150 Funded status at end of year $ 1,390 $ (814 ) |
Components of Net Periodic Pension Expense | The components of net periodic pension expense were as follows: 2017 2016 2015 Service cost $ — $ — $ — Interest cost 679 689 604 Expected return on plan assets (1,178 ) (1,090 ) (1,088 ) Net amortization and deferral 380 326 270 Net periodic pension cost (benefit) $ (119 ) $ (75 ) $ (214 ) Net loss (gain) recognized in other comprehensive loss $ (322 ) $ 448 $ 412 Total recognized in net periodic benefit cost and other comprehensive loss (before tax) $ (441 ) $ 373 $ 198 |
Schedule of Target Allocation and Expected Long-Term Rate of Return by Asset Category | The Company’s pension plan asset allocation at year-end 2017 and 2016 and target allocation for 2018 by asset category are as follows: Target Allocation Percentage of Plan Assets at Year-end Asset Category 2018 2017 2016 Equity securities 20-50 % 48.0 % 47.5 % Debt securities 30-60 51.9 52.1 Money market funds 20-30 0.1 0.4 Total 100.0 % 100.0 % |
Plan's Assets at Fair Value Hierarchy | The following tables set forth by level, within the fair value hierarchy, the pension plan’s assets at fair value as of December 31, 2017 and 2016: December 31, 2017 Level 1 Level 2 Level 3 Total Assets: Cash $ 113 $ — $ — $ 113 Bond mutual funds 23 — — 23 Common/collective trust: Bonds 9,980 — — 9,980 Equities 6,654 — — 6,654 Equity market funds: International 750 — — 750 Large cap 1,085 — — 1,085 Mid cap 269 — — 269 Small cap 432 — — 432 Total assets at fair value $ 19,306 $ — $ — $ 19,306 |
Summary of Expected Benefit Payments | Expected benefit payments, which reflect expected future service, are as follows: 2018 $ 1,903 2019 1,127 2020 650 2021 913 2022 1,182 2023 through 2027 4,723 Total $ 10,498 |
Benefit Obligations [Member] | |
Weighted Average Assumptions Used to Determine Benefit Obligations | The weighted average assumptions used to determine benefit obligations at year-end were as follows: 2017 2016 2015 Discount rate on benefit obligation 3.51 % 4.00 % 4.16 % Long-term rate of return on plan assets 7.00 % 7.00 % 7.00 % Rate of compensation increase 0.00 % 0.00 % 0.00 % |
Net Periodic Pension Cost [Member] | |
Weighted Average Assumptions Used to Determine Benefit Obligations | The weighted average assumptions used to determine net periodic pension cost were as follows: 2017 2016 2015 Discount rate on benefit obligation 4.00 % 4.16 % 3.69 % Long-term rate of return on plan assets 7.00 % 7.00 % 7.00 % Rate of compensation increase 0.00 % 0.00 % 0.00 % |
Equity Incentive Plan (Tables)
Equity Incentive Plan (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Summary of Company's Restricted Stock | The following is a summary of the status of the Company’s restricted shares, and changes therein during the twelve months ended December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Number of Restricted Shares Weighted Average Grant Date Fair Value Number of Restricted Shares Weighted Average Grant Date Fair Value Nonvested at beginning of period 37,050 $ 10.77 16,983 $ 10.82 Granted 17,898 22.15 28,864 10.75 Vested (12,810 ) 10.76 (5,657 ) 10.82 Forfeited — — (3,140 ) 10.87 Nonvested at end of period 42,138 15.60 37,050 10.77 NOTE 16 - EQUITY INCENTIVE PLAN (Continued) The following is a summary of the status of the Company’s awarded restricted shares as of December 31, 2017: At December 31, 2017 Date of Award Shares Remaining Expense Remaining Vesting Period (Years) January 15, 2016 10,260 $ 66 3.00 March 11, 2016 15,748 33 1.00 March 20, 2017 11,713 110 2.00 March 20, 2017 6,185 108 4.00 43,906 $ 317 2.79 |
Fair Value Measurement (Tables)
Fair Value Measurement (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Fair Value Disclosures [Abstract] | |
Assets Measured at Fair Value | Assets measured at fair value are summarized below. Fair Value Measurements at December 31, 2017 Using: (Level 1) (Level 2) (Level 3) Assets measured at fair value on a recurring basis: U.S. Treasury securities and obligations of U.S. Government agencies $ — $ 30,357 $ — Obligations of states and political subdivisions — 118,056 — Mortgage-backed securities in government sponsored entities — 81,817 — Equity securities in financial institutions — 832 — Fair value swap asset — 1,560 — Liabilities measured at fair value on a recurring basis: Fair value swap liability — 1,560 — Assets measured at fair value on a nonrecurring basis: Impaired Loans $ — $ — $ 1,040 Other Real Estate Owned — — 16 Fair Value Measurements at December 31, 2016 Using: (Level 1) (Level 2) (Level 3) Assets measured at fair value on a recurring basis: U.S. Treasury securities and obligations of U.S. Government agencies $ — $ 37,446 $ — Obligations of states and political subdivisions — 94,998 — Mortgage-backed securities in government sponsored entities — 62,642 — Equity securities in financial institutions — 778 — Fair value swap asset — 1,839 — Liabilities measured at fair value on a recurring basis: Fair value swap liability — 1,839 — Assets measured at fair value on a nonrecurring basis: Impaired Loans $ — $ — $ 952 Other Real Estate Owned — — 37 |
Quantitative Information about Level 3 Fair Value Measurements | NOTE 17 - FAIR VALUE MEASUREMENT (Continued) The following tables presents quantitative information about the Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a nonrecurring basis at December 31, 2017 and 2016. Quantitative Information about Level 3 Fair Value Measurements December 31, 2017 Fair Value Valuation Technique Unobservable Input Range Weighted Average Impaired loans $ 1,040 Appraisal of collateral Appraisal adjustments 0% - 30% 16% Liquidation expense 0% - 10% 8% Holding period 0 - 30 months 20 months Other real estate owned $ 16 Appraisal of collateral Appraisal adjustments 10% - 30% 10% Liquidation expense 0% - 10% 10% Quantitative Information about Level 3 Fair Value Measurements December 31, 2016 Fair Value Valuation Technique Unobservable Input Range Weighted Average Impaired loans $ 952 Appraisal of collateral Appraisal adjustments 10% - 67% 64% Liquidation expense 0% - 10% 4% Holding period 0 - 30 months 19 months Other real estate owned $ 37 Appraisal of collateral Appraisal adjustments 10% - 30% 10% Liquidation expense 0% - 10% 10% |
Carrying Amount and Fair Value of Financial Instruments | The carrying amount and fair value of financial instruments were as follows: December 31, 2017 Carrying Amount Total Fair Value Level 1 Level 2 Level 3 Financial Assets: Cash and due from financial institutions $ 40,519 $ 40,519 $ 40,519 $ — $ — Securities available for sale 231,062 231,062 — 231,062 — Loans, held for sale 2,197 2,197 2,197 — — Loans, net of allowance for loan losses 1,151,527 1,146,969 — — 1,146,969 Other securities 14,247 14,247 14,247 — — Bank owned life insurance 25,125 25,125 25,125 — — Accrued interest receivable 4,336 4,336 4,336 — — Swap asset 1,560 1,560 — 1,560 — Financial Liabilities: Nonmaturing deposits 981,021 981,021 981,021 — — Time deposits 223,902 223,626 — — 223,626 Short-term FHLB advances 56,900 56,900 56,900 — — Long-term FHLB advances 15,000 14,964 — — 14,964 Securities sold under agreement to repurchase 21,755 21,755 21,755 — — Subordinated debentures 29,427 31,052 — — 31,052 Accrued interest payable 410 410 410 — — Swap liability 1,560 1,560 — 1,560 — NOTE 17 - FAIR VALUE MEASUREMENT (Continued) December 31, 2016 Carrying Amount Total Fair Value Level 1 Level 2 Level 3 Financial Assets: Cash and due from financial institutions $ 36,695 $ 36,695 $ 36,695 $ — $ — Securities available for sale 195,864 195,864 — 195,864 — Loans, held for sale 2,268 2,268 2,268 — — Loans, net of allowance for loan losses 1,042,201 1,047,329 — — 1,047,329 Other securities 14,055 14,055 14,055 — — Bank owned life insurance 24,552 24,552 24,552 — — Accrued interest receivable 3,854 3,854 3,854 — — Swap asset 1,839 1,839 — 1,839 — Financial Liabilities: Nonmaturing deposits 913,677 913,677 913,677 — — Time deposits 207,426 207,784 — — 207,784 Short-term FHLB advances 31,000 31,000 31,000 — — Long-term FHLB advances 17,500 17,553 — — 17,553 Securities sold under agreement to repurchase 28,925 28,925 28,925 — — Subordinated debentures 29,427 27,414 — — 27,414 Accrued interest payable 181 181 181 — — Swap liability 1,839 1,839 — 1,839 — |
Commitments, Contingencies an50
Commitments, Contingencies and Off-Balance-Sheet Risk (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Commitments And Contingencies Disclosure [Abstract] | |
Contractual Amounts of Financial Instruments with Off-Balance-Sheet Risk | The contractual amount of financial instruments with off-balance-sheet risk was as follows at year-end. 2017 2016 Fixed Rate Variable Rate Fixed Rate Variable Rate Commitments to extend credit: Lines of credit and construction loans $ 4,982 $ 286,925 $ 6,905 $ 202,923 Overdraft protection 7 33,353 5 29,075 Letters of credit 624 2,637 600 349 $ 5,613 $ 322,915 $ 7,510 $ 232,347 |
Capital Requirements and Rest51
Capital Requirements and Restriction on Retained Earnings (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Text Block [Abstract] | |
Actual Capital Levels and Minimum Required Capital Levels | The Company’s and Civista’s actual capital levels and minimum required capital levels at December 31, 2017 and 2016 were as follows: To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Purposes Amount Ratio Amount Ratio Amount Ratio 2017 Total Risk Based Capital Consolidated $ 200,772 16.6 % $ 97,025 8.0 % n/a n/a Civista 161,394 13.3 96,880 8.0 $ 121,100 10.0 % Tier I Risk Based Capital Consolidated 187,638 15.5 72,769 6.0 n/a n/a Civista 147,473 12.2 72,660 6.0 96,880 8.0 CET1 Risk Based Capital Consolidated 140,853 11.6 54,576 4.5 n/a n/a Civista 136,760 11.3 54,495 4.5 78,715 6.5 Leverage Consolidated 187,638 12.7 59,089 4.0 n/a n/a Civista 147,473 10.0 59,031 4.0 73,788 5.0 2016 Total Risk Based Capital Consolidated $ 155,145 14.2 % $ 87,436 8.0 % n/a n/a Civista 145,270 13.3 87,334 8.0 $ 109,168 10.0 % Tier I Risk Based Capital Consolidated 141,840 13.0 65,577 6.0 n/a n/a Civista 131,391 12.0 65,501 6.0 87,334 8.0 CET1 Risk Based Capital Consolidated 93,463 8.6 49,183 4.5 n/a n/a Civista 120,465 11.0 49,126 4.5 70,959 6.5 Leverage Consolidated 141,840 10.6 53,774 4.0 n/a n/a Civista 131,391 9.8 53,717 4.0 67,146 5.0 |
Parent Company Only Condensed52
Parent Company Only Condensed Financial Information (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | |
Schedule of Condensed Balance Sheets | December 31, Condensed Balance Sheets 2017 2016 Assets: Cash $ 29,908 $ 4,747 Securities available for sale 832 778 Investment in bank subsidiary 167,192 149,965 Investment in nonbank subsidiaries 12,928 12,635 Other assets 5,212 1,226 Total assets $ 216,072 $ 169,351 Liabilities: Deferred income taxes and other liabilities $ 2,184 $ 2,308 Subordinated debentures 29,427 29,427 Total liabilities 31,611 31,735 Shareholders’ Equity: Preferred stock 17,358 18,950 Common stock 153,810 118,975 Accumulated earnings 31,652 19,263 Treasury Stock (17,235 ) (17,235 ) Accumulated other comprehensive loss (1,124 ) (2,337 ) Total shareholders’ equity 184,461 137,616 Total liabilities and shareholders’ equity $ 216,072 $ 169,351 |
Schedule of Condensed Statements of Operations | For the years ended December 31, Condensed Statements of Operations 2017 2016 2015 Dividends from bank subsidiaries $ — $ — $ 14,226 Interest expense (1,035 ) (884 ) (760 ) Pension expense (925 ) (184 ) (388 ) Other expense, net (1,071 ) (920 ) (1,755 ) Income (loss) before equity in undistributed net earnings of subsidiaries (3,031 ) (1,988 ) 11,323 Income tax benefit 1,407 676 959 Equity in undistributed net earnings of subsidiaries 17,496 18,529 463 Net income $ 15,872 $ 17,217 $ 12,745 Comprehensive income $ 17,284 $ 15,375 $ 12,297 |
Schedule of Condensed Statements of Cash Flows | For the years ended December 31, Condensed Statements of Cash Flows 2017 2016 2015 Operating activities: Net income $ 15,872 $ 17,217 $ 12,745 Adjustment to reconcile net income to net cash from (used for) operating activities: Change in other assets and other liabilities (2,147 ) 1,821 1,324 Gain on sale of fixed asets (66 ) — — Equity in undistributed net earnings of subsidiaries (17,496 ) (18,529 ) (463 ) Net cash (used for) from operating activities (3,837 ) 509 13,606 Investing activities: Proceeds from sale of premises and equipment 138 — — Acquisition and additional capitalization of subsidiary, net of cash acquired (275 ) — (16,637 ) Net cash used for investing activities (137 ) — (16,637 ) Financing activities: Cash paid on fractional shares on preferred stock conversion to common stock — (1 ) — Net proceeds from common stock issuance 32,821 — — Payment to repurchase common stock (4 ) — — Cash dividends paid (3,682 ) (3,254 ) (3,139 ) Net cash from (used for) financing activities 29,135 (3,255 ) (3,139 ) Net change in cash and cash equivalents 25,161 (2,746 ) (6,170 ) Cash and cash equivalents at beginning of year 4,747 7,493 13,663 Cash and cash equivalents at end of year $ 29,908 $ 4,747 $ 7,493 |
Earnings per Common Share (Tabl
Earnings per Common Share (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Earnings Per Share [Abstract] | |
Computation of Basic and Diluted Earnings per Common Share | The factors used in the earnings per share computation follow. 2017 2016 2015 Basic Net income $ 15,872 $ 17,217 $ 12,745 Preferred stock dividends 1,244 1,501 1,577 Net income available to common shareholders—basic $ 14,628 $ 15,716 $ 11,168 Weighted average common shares outstanding—basic 9,906,856 8,010,399 7,822,369 Basic earnings per share $ 1.48 $ 1.96 $ 1.43 Diluted Net income available to common shareholders—basic $ 14,628 $ 15,716 $ 11,168 Preferred stock dividends on convertible preferred stock 1,244 1,501 1,577 Net income available to common shareholders—diluted $ 15,872 $ 17,217 $ 12,745 Weighted average common shares outstanding for earnings per common share basic 9,906,856 8,010,399 7,822,369 Add: dilutive effects of convertible preferred shares 2,445,760 2,940,562 3,095,966 Average shares and dilutive potential common shares outstanding—diluted 12,352,616 10,950,961 10,918,335 Diluted earnings per share $ 1.28 $ 1.57 $ 1.17 |
Quarterly Financial Data (Una54
Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Quarterly Financial Information Disclosure [Abstract] | |
Schedule of Quarterly Financial Data | Interest Income Net Interest Income Net Income Basic Earnings per Common Share Diluted Earnings per Common Share 2017 First quarter (1)(2) $ 13,692 $ 12,892 $ 4,635 $ 0.47 $ 0.40 Second quarter (3)(4) 14,228 13,367 3,596 0.32 0.29 Third quarter (3) 14,836 13,680 3,660 0.33 0.29 Fourth quarter (3)(5) 15,838 14,563 3,981 0.36 0.30 2016 First quarter (1)(2) $ 13,053 $ 12,235 $ 4,725 $ 0.55 $ 0.43 Second quarter (5)(6) 13,739 12,940 5,181 0.61 0.47 Third quarter (7) 13,370 12,526 3,680 0.41 0.34 Fourth quarter (8) 13,405 12,558 3,631 0.39 0.33 (1) Interest income and net interest income increased due to loan volume and rate and volume on interest-bearing deposits in other banks. (2) Net income increased due to fees on tax refund processing program. ( 3 ) Interest income and net interest income increased due to increases in loan volume and rate. ( 4 ) Net income decreased due to a decrease in fees on the tax refund processing program. (5 ) Interest income and net interest income increased due to interest recoveries on non-performing loans. (6 ) Net income increased due to interest recoveries and provision credit. (7 ) Interest income, net interest income and net income decreased due to previous quarter interest recoveries and provision credit. ( 8 ) Interest income and net interest income increased due to loan volume and interest recoveries. |
Derivative Hedging Instruments
Derivative Hedging Instruments (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Summary of Interest Rate Swap Transactions | The following table summarizes the Company’s interest rate swap positions and the impact of a 1 basis point change in interest rates as of December 31, 2017. Notional Amount Weighted Average Rate Received/ (Paid) Impact of a 1 basis point change in interest rates Repricing Frequency Derivative Assets $ 66,227 5.08 % $ 36 Monthly Derivative Liabilities (66,227 ) -5.08 % (36 ) Monthly Net Exposure $ — $ — The following table summarizes the Company’s interest rate swap positions and the impact of a 1 basis point change in interest rates as of December 31, 2016. Notional Amount Weighted Average Rate Received/ (Paid) Impact of a 1 basis point change in interest rates Repricing Frequency Derivative Assets $ 52,975 5.07 % $ 30 Monthly Derivative Liabilities (52,975 ) -5.07 % (30 ) Monthly Net Exposure $ — $ — |
Summary of Significant Accoun56
Summary of Significant Accounting Policies - Additional Information (Detail) | 12 Months Ended | ||
Dec. 31, 2017USD ($)Segment$ / shares | Dec. 31, 2016 | Dec. 31, 2015 | |
Significant Accounting Policies [Line Items] | |||
Allowance for loan losses related to commercial, commercial real estate and farm real estate loans | $ 750,000 | ||
Number of days reaching which loans are considered for nonaccrual status | 90 days | ||
Federal Home Loan Bank par value | $ / shares | $ 100 | ||
Number of operating segments | Segment | 1 | ||
ASU 2018-02 [Member] | |||
Significant Accounting Policies [Line Items] | |||
Cumulative effect adjustment between retained earnings and accumulated other comprehensive income | $ 199,000 | ||
Unsecured Debt [Member] | |||
Significant Accounting Policies [Line Items] | |||
Retail loans past due charge off period | 90 days | ||
Secured Debt [Member] | |||
Significant Accounting Policies [Line Items] | |||
Residential real estate loans past due assessment of value period | 180 days | ||
Other Debt [Member] | |||
Significant Accounting Policies [Line Items] | |||
Loans past due charged down to the net realizable value period | 90 days | ||
Maximum [Member] | |||
Significant Accounting Policies [Line Items] | |||
Percentage of insurance commission revenue of total revenue | 1.00% | 1.00% | 1.00% |
Original maturities for cash and cash equivalents | 90 days | ||
Estimated useful life of intangible assets | 12 years | ||
Percentage of increase on assets due to new accounting standard updates | 1.00% | ||
Percentage of increase on liabilities due to new accounting standard updates | 1.00% | ||
Maximum [Member] | Furniture and Equipment [Member] | |||
Significant Accounting Policies [Line Items] | |||
Estimated useful life of asset | 7 years | ||
Maximum [Member] | Buildings and Improvements [Member] | |||
Significant Accounting Policies [Line Items] | |||
Estimated useful life of asset | 50 years | ||
Maximum [Member] | WSP [Member] | |||
Significant Accounting Policies [Line Items] | |||
Percentage of insurance commission revenue of total revenue | 1.00% | 1.00% | 1.00% |
Maximum [Member] | CIVB Risk Management, Inc. [Member] | |||
Significant Accounting Policies [Line Items] | |||
Percentage of insurance commission revenue of total revenue | 1.00% | ||
Minimum [Member] | |||
Significant Accounting Policies [Line Items] | |||
Estimated useful life of intangible assets | 5 years | ||
Minimum [Member] | Furniture and Equipment [Member] | |||
Significant Accounting Policies [Line Items] | |||
Estimated useful life of asset | 3 years | ||
Minimum [Member] | Buildings and Improvements [Member] | |||
Significant Accounting Policies [Line Items] | |||
Estimated useful life of asset | 7 years |
Merger - Additional Information
Merger - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands | Mar. 06, 2015 | Dec. 31, 2015 | Dec. 31, 2017 | Dec. 31, 2016 |
Business Combinations [Line Items] | ||||
Goodwill | $ 27,095 | $ 27,095 | ||
Merger related costs | $ 391 | |||
TCNB Financial Corp [Member] | ||||
Business Combinations [Line Items] | ||||
Cash paid for acquisition | $ 17,226 | |||
Acquisition value per share | $ 23.50 | |||
Total assets of TCNB prior to the merger | $ 97,479 | |||
Assets, loan | 76,771 | |||
Assets, Deposit | 86,708 | |||
Goodwill | 5,375 | |||
Cash and short-term investments acquired | 18,152 | |||
Loans acquired | 76,444 | |||
Loans acquired with credit deterioration | 831 | |||
Deposits acquired | $ 86,900 | |||
Minimum [Member] | ||||
Business Combinations [Line Items] | ||||
Core deposit intangibles and other intangibles, amortization period | 5 years | |||
Maximum [Member] | ||||
Business Combinations [Line Items] | ||||
Core deposit intangibles and other intangibles, amortization period | 10 years |
Merger - Schedule of Financial
Merger - Schedule of Financial Information for Former TCNB Financial Corp Included in Consolidated Statement of Operations (Detail) - USD ($) $ in Thousands | 3 Months Ended | 10 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Business Acquisition [Line Items] | ||||||||||||
Net interest income after provision for loan losses | $ 54,502 | $ 51,559 | $ 46,192 | |||||||||
Noninterest income | 16,334 | 16,132 | 14,278 | |||||||||
Net income | $ 3,981 | $ 3,660 | $ 3,596 | $ 4,635 | $ 3,631 | $ 3,680 | $ 5,181 | $ 4,725 | $ 15,872 | $ 17,217 | $ 12,745 | |
Former TCNB Financial Corp [Member] | ||||||||||||
Business Acquisition [Line Items] | ||||||||||||
Net interest income after provision for loan losses | $ 3,155 | |||||||||||
Noninterest income | 138 | |||||||||||
Net income | $ 1,282 |
Merger - Business Acquisition,
Merger - Business Acquisition, Unaudited Pro Forma Information (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Business Combination, Separately Recognized Transactions [Line Items] | |||||||||||
Net interest income after provision for loan losses | $ 54,502 | $ 51,559 | $ 46,192 | ||||||||
Noninterest income | 16,334 | 16,132 | 14,278 | ||||||||
Net income | $ 3,981 | $ 3,660 | $ 3,596 | $ 4,635 | $ 3,631 | $ 3,680 | $ 5,181 | $ 4,725 | $ 15,872 | $ 17,217 | $ 12,745 |
Basic | $ 0.36 | $ 0.33 | $ 0.32 | $ 0.47 | $ 0.39 | $ 0.41 | $ 0.61 | $ 0.55 | $ 1.48 | $ 1.96 | $ 1.43 |
Diluted | $ 0.30 | $ 0.29 | $ 0.29 | $ 0.40 | $ 0.33 | $ 0.34 | $ 0.47 | $ 0.43 | $ 1.28 | $ 1.57 | $ 1.17 |
Pro Forma [Member] | |||||||||||
Business Combination, Separately Recognized Transactions [Line Items] | |||||||||||
Net interest income after provision for loan losses | $ 54,456 | $ 51,389 | $ 46,852 | ||||||||
Noninterest income | 16,334 | 16,132 | 14,699 | ||||||||
Net income | $ 15,769 | $ 16,949 | $ 11,931 | ||||||||
Basic | $ 1.47 | $ 1.93 | $ 1.32 | ||||||||
Diluted | $ 1.28 | $ 1.55 | $ 1.09 |
Merger - Schedule of Recognized
Merger - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands | Mar. 06, 2015 | Dec. 31, 2017 | Dec. 31, 2016 |
Net assets acquired: | |||
Goodwill | $ 27,095 | $ 27,095 | |
TCNB Financial Corp [Member] | |||
Business Acquisition [Line Items] | |||
Total purchase price | $ 17,226 | ||
Net assets acquired: | |||
Cash and short-term investments | 18,152 | ||
Loans, net | 76,444 | ||
Other securities | 716 | ||
Premises and equipment | 1,738 | ||
Accrued interest receivable | 194 | ||
Core deposit intangible | 1,009 | ||
Other assets | 472 | ||
Noninterest-bearing deposits | (18,263) | ||
Interest-bearing deposits | (68,606) | ||
Other liabilities | (5) | ||
Net assets acquired | 11,851 | ||
Goodwill | $ 5,375 |
Securities - Available for Sale
Securities - Available for Sale Securities (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $ 227,031 | $ 192,820 |
Gross Unrealized Gains | 5,085 | 4,292 |
Gross Unrealized Losses | (1,054) | (1,248) |
Fair Value | 231,062 | 195,864 |
U.S. Treasury Securities and Obligations of U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 30,450 | 37,406 |
Gross Unrealized Gains | 100 | 117 |
Gross Unrealized Losses | (192) | (77) |
Fair Value | 30,357 | 37,446 |
Obligations of States and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 114,002 | 92,177 |
Gross Unrealized Gains | 4,226 | 3,395 |
Gross Unrealized Losses | (172) | (574) |
Fair Value | 118,056 | 94,998 |
Mortgage-back Securities in Government Sponsored Entities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 82,098 | 62,756 |
Gross Unrealized Gains | 408 | 483 |
Gross Unrealized Losses | (690) | (597) |
Fair Value | 81,817 | 62,642 |
Total Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 226,550 | 192,339 |
Gross Unrealized Gains | 4,734 | 3,995 |
Gross Unrealized Losses | (1,054) | (1,248) |
Fair Value | 230,230 | 195,086 |
Equity Securities in Financial Institutions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 481 | 481 |
Gross Unrealized Gains | 351 | 297 |
Fair Value | $ 832 | $ 778 |
Securities - Amortized Cost and
Securities - Amortized Cost and Fair Value of Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Investments Debt And Equity Securities [Abstract] | ||
Amortized Cost, Due in one year or less | $ 8,787 | |
Amortized Cost, Due from one to five years | 27,662 | |
Amortized Cost, Due from five to ten years | 30,167 | |
Amortized Cost, Due after ten years | 77,836 | |
Amortized Cost, Mortgage-backed securities in government sponsored entities | 82,098 | |
Amortized Cost, Equity securities in financial institutions | 481 | |
Amortized Cost | 227,031 | $ 192,820 |
Fair Value, Due in one year or less | 8,765 | |
Fair Value, Due from one to five years | 27,691 | |
Fair Value, Due from five to ten years | 31,622 | |
Fair Value, Due after ten years | 80,335 | |
Fair Value, Mortgage-backed securities in government sponsored entities | 81,817 | |
Fair Value, Equity securities in financial institutions | 832 | |
Fair Value, Total | $ 231,062 | $ 195,864 |
Securities - Additional Informa
Securities - Additional Information (Detail) $ in Thousands | Dec. 31, 2017USD ($)Security | Dec. 31, 2016USD ($) |
Investments Debt And Equity Securities [Abstract] | ||
Carrying value of pledged securities | $ | $ 122,862 | $ 139,179 |
Number of securities in portfolio with unrealized losses | Security | 78 |
Securities - Proceeds from Sale
Securities - Proceeds from Sales of Securities, Gross Realized Gains and Losses (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Investments Debt And Equity Securities [Abstract] | |||
Sale proceeds | $ 953 | $ 4,349 | $ 0 |
Gross realized gains | 0 | 18 | 0 |
Gross realized losses | 0 | 0 | 0 |
Gains (losses) from securities called or settled by the issuer | $ 12 | $ 1 | $ (18) |
Securities - Securities with Un
Securities - Securities with Unrealized Losses Not Recognized in Income (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
12 Months or less, Fair Value | $ 54,040 | $ 65,891 |
12 Months or less, Unrealized Loss | (336) | (1,185) |
More than 12 months, Fair Value | 36,125 | 4,261 |
More than 12 months, Unrealized Loss | (718) | (63) |
Total Fair Value | 90,165 | 70,152 |
Total Unrealized Loss | (1,054) | (1,248) |
U.S. Treasury Securities and Obligations of U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
12 Months or less, Fair Value | 20,449 | 13,271 |
12 Months or less, Unrealized Loss | (100) | (61) |
More than 12 months, Fair Value | 6,617 | 893 |
More than 12 months, Unrealized Loss | (92) | (16) |
Total Fair Value | 27,066 | 14,164 |
Total Unrealized Loss | (192) | (77) |
Obligations of States and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
12 Months or less, Fair Value | 4,057 | 17,167 |
12 Months or less, Unrealized Loss | (41) | (558) |
More than 12 months, Fair Value | 7,309 | 519 |
More than 12 months, Unrealized Loss | (131) | (16) |
Total Fair Value | 11,366 | 17,686 |
Total Unrealized Loss | (172) | (574) |
Mortgage-backed Securities in Government Sponsored Entities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
12 Months or less, Fair Value | 29,534 | 35,453 |
12 Months or less, Unrealized Loss | (195) | (566) |
More than 12 months, Fair Value | 22,199 | 2,849 |
More than 12 months, Unrealized Loss | (495) | (31) |
Total Fair Value | 51,733 | 38,302 |
Total Unrealized Loss | $ (690) | $ (597) |
Loans - Loan Balances (Detail)
Loans - Loan Balances (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Accounts Notes And Loans Receivable [Line Items] | ||
Total Loans | $ 1,164,661 | $ 1,055,506 |
Allowance for loan losses | (13,134) | (13,305) |
Net loans | 1,151,527 | 1,042,201 |
Commercial and Agriculture [Member] | ||
Accounts Notes And Loans Receivable [Line Items] | ||
Total Loans | 152,473 | 135,462 |
Commercial Real Estate Owner Occupied [Member] | ||
Accounts Notes And Loans Receivable [Line Items] | ||
Total Loans | 164,099 | 161,364 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Accounts Notes And Loans Receivable [Line Items] | ||
Total Loans | 425,623 | 395,931 |
Residential Real Estate [Member] | ||
Accounts Notes And Loans Receivable [Line Items] | ||
Total Loans | 268,735 | 247,308 |
Real Estate Construction [Member] | ||
Accounts Notes And Loans Receivable [Line Items] | ||
Total Loans | 97,531 | 56,293 |
Farm Real Estate [Member] | ||
Accounts Notes And Loans Receivable [Line Items] | ||
Total Loans | 39,461 | 41,170 |
Consumer and Other [Member] | ||
Accounts Notes And Loans Receivable [Line Items] | ||
Total Loans | $ 16,739 | $ 17,978 |
Loans - Additional Information
Loans - Additional Information (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Receivables [Abstract] | ||
Deferred loan fees and costs | $ 223 | $ 94 |
Loans - Loans to Directors and
Loans - Loans to Directors and Executive Officers Including Immediate Families (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Receivables Other Related Parties And Retainage [Abstract] | ||
Balance - Beginning of year | $ 14,389 | $ 15,147 |
New loans and advances | 2,344 | 850 |
Repayments | (1,256) | (1,575) |
Effect of changes to related parties | (1,475) | (33) |
Balance - End of year | $ 14,002 | $ 14,389 |
Allowance for Loan Losses - Add
Allowance for Loan Losses - Additional Information (Detail) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017USD ($)SecurityLoan | Dec. 31, 2016USD ($)SecurityLoan | Dec. 31, 2015USD ($)SecurityLoan | |
Accounts Notes And Loans Receivable [Line Items] | |||
Period for calculating Loss migration rates of portfolio segments | 3 years | 3 years | |
Allowance for loan losses | $ 13,134 | $ 13,305 | |
Proceeds from payoff on previously charged-off loans | 1,303 | ||
Number of days past due for loans to be considered as nonperforming | 90 days | ||
Reasonable period for nonperforming TDRs to be returned to performing status | 6 months | ||
Number of days reaching where loans are considered for nonaccrual status | 90 days | ||
Conditions where loans are considered for nonaccrual status | A loan may be returned to accruing status only if one of three conditions are met: the loan is well-secured and none of the principal and interest has been past due for a minimum of 90 days; the loan is a TDR and the borrower has made a minimum of six months payments; or the principal and interest payments are reasonably assured and a sustained period of performance has occurred, generally six months. | ||
Gross interest income recorded on nonaccrual loans | $ 712 | 701 | $ 1,761 |
Interest income on nonaccrual loans recognized on cash basis | $ 139 | $ 1,138 | $ 766 |
Defaulted loans | SecurityLoan | 0 | 0 | 1 |
Total loans modified and considered TDRs | $ 107 | ||
Impaired loans | greater than $350 | ||
Foreclosed assets | $ 16 | $ 37 | |
Allowance for loan losses recorded for acquired loans | 126 | 175 | |
Residential Mortgage [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Foreclosed assets | 16 | ||
Residential mortgages in process of foreclosure | 239 | 710 | |
TDRs [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Allowance for loan losses | $ 169 | $ 278 | 286 |
Commercial and Agriculture [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Decreases allowance for loans | $ (625) | ||
Commercial Real Estate Owner Occupied [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Allowance for loan losses look back period | 3 years | ||
Commercial Real Estate Non Owner Occupied [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Allowance for loan losses look back period | 3 years | ||
Residential Real Estate [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Allowance for loan losses look back period | 3 years |
Allowance for Loan Losses - Cha
Allowance for Loan Losses - Changes in the Allowance for Loan Losses (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Accounts Notes And Loans Receivable [Line Items] | |||
Beginning balance | $ 13,305 | $ 14,361 | $ 14,268 |
Charge-offs | (942) | (1,826) | (2,049) |
Recoveries | 771 | 2,070 | 942 |
Provision (Credit) | (1,300) | 1,200 | |
Ending Balance | 13,134 | 13,305 | 14,361 |
Commercial and Agriculture [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Beginning balance | 2,018 | 1,478 | 1,819 |
Charge-offs | (11) | (880) | (190) |
Recoveries | 372 | 105 | 182 |
Provision (Credit) | (817) | 1,315 | (333) |
Ending Balance | 1,562 | 2,018 | 1,478 |
Commercial Real Estate Owner Occupied [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Beginning balance | 2,171 | 2,467 | 2,221 |
Charge-offs | (328) | (228) | (523) |
Recoveries | 69 | 56 | 187 |
Provision (Credit) | 131 | (124) | 582 |
Ending Balance | 2,043 | 2,171 | 2,467 |
Commercial Real Estate Non Owner Occupied [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Beginning balance | 4,606 | 4,657 | 4,334 |
Charge-offs | (38) | (23) | (81) |
Recoveries | 46 | 1,372 | 115 |
Provision (Credit) | 693 | (1,400) | 289 |
Ending Balance | 5,307 | 4,606 | 4,657 |
Residential Real Estate [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Beginning balance | 3,089 | 4,086 | 3,747 |
Charge-offs | (400) | (455) | (1,135) |
Recoveries | 194 | 479 | 331 |
Provision (Credit) | (973) | (1,021) | 1,143 |
Ending Balance | 1,910 | 3,089 | 4,086 |
Real Estate Construction [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Beginning balance | 420 | 371 | 428 |
Charge-offs | (115) | ||
Recoveries | 44 | 12 | 5 |
Provision (Credit) | 370 | 152 | (62) |
Ending Balance | 834 | 420 | 371 |
Farm Real Estate [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Beginning balance | 442 | 538 | 822 |
Recoveries | 3 | 76 | |
Provision (Credit) | (15) | (96) | (360) |
Ending Balance | 430 | 442 | 538 |
Consumer and Other [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Beginning balance | 314 | 382 | 200 |
Charge-offs | (165) | (125) | (120) |
Recoveries | 43 | 46 | 46 |
Provision (Credit) | 98 | 11 | 256 |
Ending Balance | 290 | 314 | 382 |
Unallocated [Member] | |||
Accounts Notes And Loans Receivable [Line Items] | |||
Beginning balance | 245 | 382 | 697 |
Provision (Credit) | 513 | (137) | (315) |
Ending Balance | $ 758 | $ 245 | $ 382 |
Allowance for Loan Losses - End
Allowance for Loan Losses - Ending Allocation of Allowance for Loan Losses and Loan Balances Outstanding (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Accounts Notes And Loans Receivable [Line Items] | ||||
Allowance for loan losses, Individually evaluated for impairment | $ 125 | $ 188 | ||
Allowance for loan losses, Collectively evaluated for impairment | 12,883 | 12,942 | ||
Allowance for loan losses, Total | 13,134 | 13,305 | $ 14,361 | $ 14,268 |
Outstanding loan balances, Individually evaluated for impairment | 3,460 | 6,539 | ||
Outstanding loan balances, Collectively evaluated for impairment | 1,160,986 | 1,048,711 | ||
Outstanding loan balances, Total | 1,164,661 | 1,055,506 | ||
Receivables Acquired with Deteriorated Credit Quality [Member] | ||||
Accounts Notes And Loans Receivable [Line Items] | ||||
Loans acquired with credit deterioration | 126 | 175 | ||
Loan balance of loans acquired with credit deterioration | 215 | 256 | ||
Commercial and Agriculture [Member] | ||||
Accounts Notes And Loans Receivable [Line Items] | ||||
Allowance for loan losses, Individually evaluated for impairment | 4 | 82 | ||
Allowance for loan losses, Collectively evaluated for impairment | 1,476 | 1,850 | ||
Allowance for loan losses, Total | 1,562 | 2,018 | 1,478 | 1,819 |
Outstanding loan balances, Individually evaluated for impairment | 438 | 1,983 | ||
Outstanding loan balances, Collectively evaluated for impairment | 151,948 | 133,391 | ||
Outstanding loan balances, Total | 152,473 | 135,462 | ||
Commercial and Agriculture [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||
Accounts Notes And Loans Receivable [Line Items] | ||||
Loans acquired with credit deterioration | 82 | 86 | ||
Loan balance of loans acquired with credit deterioration | 87 | 88 | ||
Commercial Real Estate Owner Occupied [Member] | ||||
Accounts Notes And Loans Receivable [Line Items] | ||||
Allowance for loan losses, Individually evaluated for impairment | 6 | 4 | ||
Allowance for loan losses, Collectively evaluated for impairment | 2,037 | 2,167 | ||
Allowance for loan losses, Total | 2,043 | 2,171 | 2,467 | 2,221 |
Outstanding loan balances, Individually evaluated for impairment | 1,010 | 1,896 | ||
Outstanding loan balances, Collectively evaluated for impairment | 163,089 | 159,468 | ||
Outstanding loan balances, Total | 164,099 | 161,364 | ||
Commercial Real Estate Non Owner Occupied [Member] | ||||
Accounts Notes And Loans Receivable [Line Items] | ||||
Allowance for loan losses, Collectively evaluated for impairment | 5,307 | 4,606 | ||
Allowance for loan losses, Total | 5,307 | 4,606 | 4,657 | 4,334 |
Outstanding loan balances, Individually evaluated for impairment | 44 | 359 | ||
Outstanding loan balances, Collectively evaluated for impairment | 425,579 | 395,572 | ||
Outstanding loan balances, Total | 425,623 | 395,931 | ||
Residential Real Estate [Member] | ||||
Accounts Notes And Loans Receivable [Line Items] | ||||
Allowance for loan losses, Individually evaluated for impairment | 109 | 102 | ||
Allowance for loan losses, Collectively evaluated for impairment | 1,757 | 2,898 | ||
Allowance for loan losses, Total | 1,910 | 3,089 | 4,086 | 3,747 |
Outstanding loan balances, Individually evaluated for impairment | 1,360 | 1,686 | ||
Outstanding loan balances, Collectively evaluated for impairment | 267,247 | 245,454 | ||
Outstanding loan balances, Total | 268,735 | 247,308 | ||
Residential Real Estate [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||
Accounts Notes And Loans Receivable [Line Items] | ||||
Loans acquired with credit deterioration | 44 | 89 | ||
Loan balance of loans acquired with credit deterioration | 128 | 168 | ||
Real Estate Construction [Member] | ||||
Accounts Notes And Loans Receivable [Line Items] | ||||
Allowance for loan losses, Collectively evaluated for impairment | 834 | 420 | ||
Allowance for loan losses, Total | 834 | 420 | 371 | 428 |
Outstanding loan balances, Collectively evaluated for impairment | 97,531 | 56,293 | ||
Outstanding loan balances, Total | 97,531 | 56,293 | ||
Farm Real Estate [Member] | ||||
Accounts Notes And Loans Receivable [Line Items] | ||||
Allowance for loan losses, Individually evaluated for impairment | 6 | |||
Allowance for loan losses, Collectively evaluated for impairment | 424 | 442 | ||
Allowance for loan losses, Total | 430 | 442 | 538 | 822 |
Outstanding loan balances, Individually evaluated for impairment | 608 | 614 | ||
Outstanding loan balances, Collectively evaluated for impairment | 38,853 | 40,556 | ||
Outstanding loan balances, Total | 39,461 | 41,170 | ||
Consumer and Other [Member] | ||||
Accounts Notes And Loans Receivable [Line Items] | ||||
Allowance for loan losses, Collectively evaluated for impairment | 290 | 314 | ||
Allowance for loan losses, Total | 290 | 314 | 382 | 200 |
Outstanding loan balances, Individually evaluated for impairment | 1 | |||
Outstanding loan balances, Collectively evaluated for impairment | 16,739 | 17,977 | ||
Outstanding loan balances, Total | 16,739 | 17,978 | ||
Unallocated [Member] | ||||
Accounts Notes And Loans Receivable [Line Items] | ||||
Allowance for loan losses, Collectively evaluated for impairment | 758 | 245 | ||
Allowance for loan losses, Total | $ 758 | $ 245 | $ 382 | $ 697 |
Allowance for Loan Losses - Cre
Allowance for Loan Losses - Credit Exposures by Internally Assigned Grades (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | $ 945,123 | $ 854,479 |
Commercial and Agriculture [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 152,473 | 135,462 |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 164,099 | 161,364 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 425,623 | 395,931 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 70,498 | 67,587 |
Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 91,587 | 50,721 |
Farm Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 39,461 | 41,170 |
Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 1,382 | 2,244 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 899,674 | 816,760 |
Pass [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 140,842 | 127,867 |
Pass [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 155,756 | 151,659 |
Pass [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 422,363 | 393,592 |
Pass [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 62,628 | 59,015 |
Pass [Member] | Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 91,545 | 50,678 |
Pass [Member] | Farm Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 25,228 | 31,814 |
Pass [Member] | Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 1,312 | 2,135 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 25,147 | 17,342 |
Special Mention [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 8,412 | 4,300 |
Special Mention [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 1,166 | 4,016 |
Special Mention [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 2,321 | 1,676 |
Special Mention [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 1,997 | 1,661 |
Special Mention [Member] | Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 15 | 16 |
Special Mention [Member] | Farm Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 11,236 | 5,673 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 20,302 | 20,377 |
Substandard [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 3,219 | 3,295 |
Substandard [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 7,177 | 5,689 |
Substandard [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 939 | 663 |
Substandard [Member] | Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 5,873 | 6,911 |
Substandard [Member] | Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 27 | 27 |
Substandard [Member] | Farm Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 2,997 | 3,683 |
Substandard [Member] | Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | $ 70 | $ 109 |
Allowance for Loan Losses - Per
Allowance for Loan Losses - Performing and Nonperforming Loans (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment [Line Items] | ||
Performing | $ 219,522 | $ 201,018 |
Nonperforming | 16 | 9 |
Total | 219,538 | 201,027 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Performing | 198,237 | 179,721 |
Total | 198,237 | 179,721 |
Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Performing | 5,944 | 5,572 |
Total | 5,944 | 5,572 |
Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Performing | 15,341 | 15,725 |
Nonperforming | 16 | 9 |
Total | $ 15,357 | $ 15,734 |
Allowance for Loan Losses - Agi
Allowance for Loan Losses - Aging Analysis of Past Due Loans (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 6,421 | $ 6,111 |
Current | 1,158,025 | 1,049,139 |
Total Loans | 1,164,661 | 1,055,506 |
Past Due 90 Days and Accruing | 16 | 9 |
30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 3,337 | 3,145 |
60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 431 | 1,111 |
90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,653 | 1,855 |
Receivables Acquired with Deteriorated Credit Quality [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Purchased Credit-Impaired Loans | 215 | 256 |
Commercial and Agriculture [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,262 | 328 |
Current | 151,124 | 135,046 |
Total Loans | 152,473 | 135,462 |
Commercial and Agriculture [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 575 | 156 |
Commercial and Agriculture [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2 | 20 |
Commercial and Agriculture [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 685 | 152 |
Commercial and Agriculture [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Purchased Credit-Impaired Loans | 87 | 88 |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,485 | 1,555 |
Current | 162,614 | 159,809 |
Total Loans | 164,099 | 161,364 |
Commercial Real Estate Owner Occupied [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 897 | 722 |
Commercial Real Estate Owner Occupied [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 104 | 553 |
Commercial Real Estate Owner Occupied [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 484 | 280 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 603 | 463 |
Current | 425,020 | 395,468 |
Total Loans | 425,623 | 395,931 |
Commercial Real Estate Non Owner Occupied [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 133 | 147 |
Commercial Real Estate Non Owner Occupied [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 470 | 316 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,627 | 3,368 |
Current | 265,980 | 243,772 |
Total Loans | 268,735 | 247,308 |
Residential Real Estate [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,613 | 1,812 |
Residential Real Estate [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 229 | 507 |
Residential Real Estate [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 785 | 1,049 |
Residential Real Estate [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Purchased Credit-Impaired Loans | 128 | 168 |
Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 27 | 27 |
Current | 97,504 | 56,266 |
Total Loans | 97,531 | 56,293 |
Real Estate Construction [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 27 | 27 |
Farm Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 213 | 93 |
Current | 39,248 | 41,077 |
Total Loans | 39,461 | 41,170 |
Farm Real Estate [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 27 | 93 |
Farm Real Estate [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 186 | |
Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 204 | 277 |
Current | 16,535 | 17,701 |
Total Loans | 16,739 | 17,978 |
Past Due 90 Days and Accruing | 16 | 9 |
Consumer and Other [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 92 | 215 |
Consumer and Other [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 96 | 31 |
Consumer and Other [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 16 | $ 31 |
Allowance for Loan Losses - Sum
Allowance for Loan Losses - Summary of Nonaccrual Loans Excluding Purchased Credit-Impaired (PCI) Loans (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | $ 6,132 | $ 6,943 |
Commercial and Agriculture [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 887 | 1,622 |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 1,476 | 1,461 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 711 | 464 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 2,778 | 3,266 |
Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 27 | 27 |
Farm Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 186 | 2 |
Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | $ 67 | $ 101 |
Allowance for Loan Losses - Sch
Allowance for Loan Losses - Schedule of Troubled Debt Restructurings (Detail) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017USD ($)Contract | Dec. 31, 2016USD ($)Contract | Dec. 31, 2015USD ($)Contract | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Number of Contracts | Contract | 1 | 9 | 1 |
Pre- Modification Outstanding Recorded Investment | $ 13 | $ 1,537 | $ 41 |
Post-Modification Outstanding Recorded Investment | $ 13 | $ 1,537 | $ 41 |
Commercial and Agriculture [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Number of Contracts | Contract | 4 | ||
Pre- Modification Outstanding Recorded Investment | $ 529 | ||
Post-Modification Outstanding Recorded Investment | $ 529 | ||
Residential Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Number of Contracts | Contract | 1 | 2 | |
Pre- Modification Outstanding Recorded Investment | $ 13 | $ 308 | |
Post-Modification Outstanding Recorded Investment | $ 13 | $ 308 | |
Real Estate Construction [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Number of Contracts | Contract | 1 | ||
Pre- Modification Outstanding Recorded Investment | $ 41 | ||
Post-Modification Outstanding Recorded Investment | $ 41 | ||
Farm Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Number of Contracts | Contract | 3 | ||
Pre- Modification Outstanding Recorded Investment | $ 700 | ||
Post-Modification Outstanding Recorded Investment | $ 700 |
Allowance for Loan Losses - Imp
Allowance for Loan Losses - Impaired Financing Receivables Excluding PCI Loans - Recorded Investment and Unpaid Principal Balances (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | $ 1,862 | $ 5,121 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 2,158 | 6,145 |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 1,598 | 1,418 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 1,602 | 1,972 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 125 | 188 |
Impaired financing receivables, Recorded Investment, Total | 3,460 | 6,539 |
Impaired financing receivables, Unpaid Principal Balance, Total | 3,760 | 8,117 |
Impaired financing receivables, Related Allowance, Total | 125 | 188 |
Commercial and Agriculture [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 1,230 | |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 1,751 | |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 438 | 753 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 438 | 1,303 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 4 | 82 |
Impaired financing receivables, Recorded Investment, Total | 438 | 1,983 |
Impaired financing receivables, Unpaid Principal Balance, Total | 438 | 3,054 |
Impaired financing receivables, Related Allowance, Total | 4 | 82 |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 693 | 1,658 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 913 | 1,803 |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 317 | 238 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 317 | 238 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 6 | 4 |
Impaired financing receivables, Recorded Investment, Total | 1,010 | 1,896 |
Impaired financing receivables, Unpaid Principal Balance, Total | 1,230 | 2,041 |
Impaired financing receivables, Related Allowance, Total | 6 | 4 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 44 | 359 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 48 | 386 |
Impaired financing receivables, Recorded Investment, Total | 44 | 359 |
Impaired financing receivables, Unpaid Principal Balance, Total | 48 | 386 |
Residential Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 977 | 1,259 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 1,049 | 1,590 |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 383 | 427 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 387 | 431 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 109 | 102 |
Impaired financing receivables, Recorded Investment, Total | 1,360 | 1,686 |
Impaired financing receivables, Unpaid Principal Balance, Total | 1,436 | 2,021 |
Impaired financing receivables, Related Allowance, Total | 109 | 102 |
Farm Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 148 | 614 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 148 | 614 |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 460 | |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 460 | |
Impaired financing receivables, with an allowance recorded, Related Allowance | 6 | |
Impaired financing receivables, Recorded Investment, Total | 608 | 614 |
Impaired financing receivables, Unpaid Principal Balance, Total | 608 | 614 |
Impaired financing receivables, Related Allowance, Total | $ 6 | |
Consumer and Other [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 1 | |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 1 | |
Impaired financing receivables, Recorded Investment, Total | 1 | |
Impaired financing receivables, Unpaid Principal Balance, Total | $ 1 |
Allowance for Loan Losses - I78
Allowance for Loan Losses - Impaired Loans - Average Recorded Investment and Interest Income Recognized (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Financing Receivable, Impaired [Line Items] | |||
Average Recorded Investment | $ 5,243 | $ 7,717 | $ 9,420 |
Interest Income Recognized | 216 | 1,256 | 384 |
Commercial and Agriculture [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Average Recorded Investment | 1,375 | 2,036 | 1,519 |
Interest Income Recognized | 34 | 40 | 54 |
Commercial Real Estate Owner Occupied [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Average Recorded Investment | 1,507 | 1,847 | 2,738 |
Interest Income Recognized | 75 | 862 | 139 |
Commercial Real Estate Non Owner Occupied [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Average Recorded Investment | 233 | 1,039 | 1,946 |
Interest Income Recognized | 6 | 83 | 32 |
Residential Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Average Recorded Investment | 1,515 | 1,787 | 2,544 |
Interest Income Recognized | 73 | 175 | 103 |
Real Estate Construction [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Average Recorded Investment | 16 | ||
Interest Income Recognized | 1 | ||
Farm Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Average Recorded Investment | 613 | 1,006 | 653 |
Interest Income Recognized | $ 28 | 95 | 56 |
Consumer and Other [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Average Recorded Investment | $ 2 | $ 4 |
Allowance for Loan Losses - S79
Allowance for Loan Losses - Schedule of Changes in Amortized Yield for PCI Loans (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Movement Schedule Roll Forward | ||
Balance at beginning of period | $ 49 | $ 80 |
Acquisition of PCI loans | 0 | 0 |
Accretion | (34) | (31) |
Balance at end of period | $ 15 | $ 49 |
Allowance for Loan Losses - S80
Allowance for Loan Losses - Schedule of Loans Acquired and Accounted (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Receivables [Abstract] | ||
Outstanding balance | $ 775 | $ 850 |
Carrying amount | $ 215 | $ 256 |
Other Comprehensive Income (L81
Other Comprehensive Income (Loss) - Changes in Each Component of Accumulated Other Comprehensive Loss, Net of Tax (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Beginning balance | $ 137,616 | $ 125,173 | $ 115,909 |
Amounts reclassified from accumulated other comprehensive loss | 239 | 202 | 189 |
Total other comprehensive income (loss) | 1,412 | (1,842) | (448) |
Reclassification of certain income tax effects from accumulated other comprehensive loss | 199 | ||
Ending balance | 184,461 | 137,616 | 125,173 |
Unrealized Gains (Losses) on Available-for-Sale Securities [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Beginning balance | 2,008 | 3,554 | 3,730 |
Other comprehensive income (loss) before reclassifications | 620 | (1,533) | (188) |
Amounts reclassified from accumulated other comprehensive loss | (8) | (13) | 12 |
Total other comprehensive income (loss) | 612 | (1,546) | (176) |
Reclassification of certain income tax effects from accumulated other comprehensive loss | 565 | ||
Ending balance | 3,185 | 2,008 | 3,554 |
Defined Benefit Pension Items [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Beginning balance | (4,345) | (4,049) | (3,777) |
Other comprehensive income (loss) before reclassifications | 553 | (511) | (449) |
Amounts reclassified from accumulated other comprehensive loss | 247 | 215 | 177 |
Total other comprehensive income (loss) | 800 | (296) | (272) |
Reclassification of certain income tax effects from accumulated other comprehensive loss | (764) | ||
Ending balance | (4,309) | (4,345) | (4,049) |
Accumulated Other Comprehensive Loss [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Beginning balance | (2,337) | (495) | (47) |
Other comprehensive income (loss) before reclassifications | 1,173 | (2,044) | (637) |
Amounts reclassified from accumulated other comprehensive loss | 239 | 202 | 189 |
Total other comprehensive income (loss) | 1,412 | (1,842) | (448) |
Reclassification of certain income tax effects from accumulated other comprehensive loss | (199) | ||
Ending balance | $ (1,124) | $ (2,337) | $ (495) |
Other Comprehensive Income (L82
Other Comprehensive Income (Loss) - Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Net gain (loss) on sale of securities | $ (12) | $ (19) | $ 18 |
Income taxes | 6,360 | 6,619 | 4,781 |
Net of tax | (14,628) | (15,716) | (11,168) |
Reclassifications, net of tax | (239) | (202) | (189) |
Unrealized Gains (Losses) on Available-for-Sale Securities [Member] | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Reclassifications, net of tax | 8 | 13 | (12) |
Unrealized Gains (Losses) on Available-for-Sale Securities [Member] | Reclassification out of Accumulated Other Comprehensive Loss [Member] | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Net gain (loss) on sale of securities | 12 | 19 | (18) |
Income taxes | (4) | (6) | 6 |
Net of tax | (8) | (13) | 12 |
Accumulated Defined Benefit Plans Adjustment, Actuarial Losses [Member] | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Salaries, wages and benefits | (380) | (326) | (270) |
Defined Benefit Pension Items [Member] | |||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | |||
Income taxes | 133 | 111 | 93 |
Reclassifications, net of tax | $ (247) | $ (215) | $ (177) |
Premises and Equipment - Year-E
Premises and Equipment - Year-End Premises and Equipment (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Property, Plant and Equipment [Line Items] | ||
Premises and equipment, gross | $ 43,247 | $ 41,430 |
Accumulated depreciation | (25,636) | (23,510) |
Premises and equipment, net | 17,611 | 17,920 |
Land and Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment, gross | 5,022 | 5,094 |
Buildings and Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment, gross | 21,221 | 20,266 |
Furniture and Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Premises and equipment, gross | $ 17,004 | $ 16,070 |
Premises and Equipment - Additi
Premises and Equipment - Additional Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Property Plant And Equipment [Abstract] | |||
Depreciation | $ 1,249 | $ 1,257 | $ 1,193 |
Rent expense | $ 580 | $ 540 | $ 506 |
Premises and Equipment - Rent C
Premises and Equipment - Rent Commitments Under Non-cancelable Operating Leases (Detail) $ in Thousands | Dec. 31, 2017USD ($) |
Leases [Abstract] | |
2,018 | $ 571 |
2,019 | 479 |
2,020 | 226 |
2,021 | 91 |
2,022 | 36 |
Total | $ 1,403 |
Goodwill and Intangible Asset86
Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |||
Goodwill | $ 27,095,000 | $ 27,095,000 | |
Change in carrying amount of goodwill | 0 | 0 | |
Amortization of core deposit intangible assets | 586,000 | 699,000 | $ 711,000 |
Aggregate mortgage servicing rights amortization | $ 72,000 | $ 74,000 | $ 29,000 |
Goodwill and Intangible Asset87
Goodwill and Intangible Assets - Schedule of Acquired Intangible Assets (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Acquired Finite Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | $ 8,339 | $ 8,186 |
Accumulated Amortization | 7,060 | 6,402 |
Net Carrying Amount | 1,279 | 1,784 |
MSRs [Member] | ||
Acquired Finite Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 1,065 | 912 |
Accumulated Amortization | 322 | 250 |
Net Carrying Amount | 743 | 662 |
Core deposit intangibles [Member] | ||
Acquired Finite Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 7,274 | 7,274 |
Accumulated Amortization | 6,738 | 6,152 |
Net Carrying Amount | $ 536 | $ 1,122 |
Goodwill and Intangible Asset88
Goodwill and Intangible Assets - Schedule of Estimated Amortization Expense (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Acquired Finite Lived Intangible Assets [Line Items] | ||
2,018 | $ 152 | |
2,019 | 129 | |
2,020 | 112 | |
2,021 | 109 | |
2,022 | 109 | |
Thereafter | 668 | |
Net Carrying Amount | 1,279 | $ 1,784 |
MSRs [Member] | ||
Acquired Finite Lived Intangible Assets [Line Items] | ||
2,018 | 41 | |
2,019 | 41 | |
2,020 | 41 | |
2,021 | 41 | |
2,022 | 41 | |
Thereafter | 538 | |
Net Carrying Amount | 743 | 662 |
Core deposit intangibles [Member] | ||
Acquired Finite Lived Intangible Assets [Line Items] | ||
2,018 | 111 | |
2,019 | 88 | |
2,020 | 71 | |
2,021 | 68 | |
2,022 | 68 | |
Thereafter | 130 | |
Net Carrying Amount | $ 536 | $ 1,122 |
Interest-Bearing Deposits - Sum
Interest-Bearing Deposits - Summary of Interest-Bearing Deposits (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Banking And Thrift [Abstract] | ||
Demand | $ 183,680 | $ 183,759 |
Statement and Passbook Savings | 435,377 | 384,330 |
$250 and over | 8,206 | 13,640 |
Certificates of Deposit: Other | 192,455 | 168,723 |
Individual Retirement Accounts | 23,241 | 25,063 |
Total | $ 842,959 | $ 775,515 |
Interest-Bearing Deposits - Sch
Interest-Bearing Deposits - Scheduled Maturities of Certificates of Deposit (Detail) $ in Thousands | Dec. 31, 2017USD ($) |
Banking And Thrift [Abstract] | |
2,018 | $ 161,656 |
2,019 | 41,926 |
2,020 | 15,459 |
2,021 | 3,382 |
2,022 | 1,202 |
Thereafter | 277 |
Total | $ 223,902 |
Interest-Bearing Deposits - Add
Interest-Bearing Deposits - Additional Information (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Deposits [Line Items] | ||
Total deposits | $ 1,204,923 | $ 1,121,103 |
Total of CDs and IRAs | 9,141 | |
Principal officers, directors, and their affiliates [Member] | ||
Deposits [Line Items] | ||
Total deposits | $ 9,633 | $ 9,209 |
Short-Term Borrowings - Summary
Short-Term Borrowings - Summary of Federal Funds Purchased and Other Short-term Borrowings (Detail) - USD ($) | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Federal Funds Purchased [Member] | |||
Short-term Debt [Line Items] | |||
Maximum indebtedness during the year | $ 20,000,000 | $ 20,000,000 | |
Average balance during the year | $ 119,000 | $ 116,000 | $ 69,000 |
Average rate paid during the year | 1.68% | 0.86% | 0.53% |
Short Term Borrowings [Member] | |||
Short-term Debt [Line Items] | |||
Outstanding balance at year end | $ 56,900,000 | $ 31,000,000 | $ 53,700,000 |
Maximum indebtedness during the year | 115,050,000 | 70,400,000 | 64,700,000 |
Average balance during the year | $ 38,825,000 | $ 10,483,000 | $ 26,880,000 |
Average rate paid during the year | 1.12% | 0.42% | 0.20% |
Interest rate on year end balance | 1.42% | 0.64% | 0.35% |
Federal Home Loan Bank Advanc93
Federal Home Loan Bank Advances - Additional Information (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ||
Advances from FHLB | $ 15,000 | $ 17,500 |
Maturities, year from | 2,018 | |
Maturities, year to | 2,019 | |
Outstanding letters of credit with FHLB | $ 19,600 | 19,600 |
FHLB borrowings collateralized by residential mortgage loans | 137,250 | $ 102,150 |
FHLB maximum borrowing capacity | 366,122 | |
FHLB remaining borrowing capacity | $ 274,622 | |
Minimum [Member] | ||
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ||
Maturities from February 2018 through October 2019, fixed rates | 1.50% | |
Maximum [Member] | ||
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ||
Maturities from February 2018 through October 2019, fixed rates | 2.10% | |
Weighted Average [Member] | ||
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items] | ||
Maturities from February 2018 through October 2019, fixed rates | 1.70% |
Federal Home Loan Bank Advanc94
Federal Home Loan Bank Advances - Scheduled Principal Reductions of Federal Home Loan Bank Advances Outstanding (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Banking And Thrift [Abstract] | ||
2,018 | $ 10,000 | |
2,019 | 5,000 | |
Total | $ 15,000 | $ 17,500 |
Securities Sold Under Agreeme95
Securities Sold Under Agreements To Repurchase - Summary of Securities Pledged as Collateral Under Repurchase Agreements (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Offsetting Liabilities [Line Items] | |||
Total securities pledged | $ 21,755 | $ 28,925 | $ 25,040 |
Gross amount of recognized liabilities for repurchase agreements | 21,755 | 28,925 | |
Amounts related to agreements not included in offsetting disclosures above | 0 | 0 | |
U.S.Treasury Securities [Member] | |||
Offsetting Liabilities [Line Items] | |||
Total securities pledged | 874 | 1,761 | |
Obligations of U.S. Government Agencies [Member] | |||
Offsetting Liabilities [Line Items] | |||
Total securities pledged | $ 20,881 | $ 27,164 |
Securities Sold Under Agreeme96
Securities Sold Under Agreements to Repurchase - Schedule of Securities Sold Under Agreements to Repurchase (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Debt Disclosure [Abstract] | |||
Outstanding balance at year end | $ 21,755 | $ 28,925 | $ 25,040 |
Average balance during the year | $ 18,234 | $ 21,767 | $ 20,086 |
Average interest rate during the year | 0.10% | 0.10% | 0.10% |
Maximum month-end balance during the year | $ 23,889 | $ 28,925 | $ 25,040 |
Weighted average interest rate at year end | 0.10% | 0.10% | 0.10% |
Subordinated Debentures - Addit
Subordinated Debentures - Additional Information (Detail) | 1 Months Ended | 12 Months Ended | |
Apr. 30, 2007USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2007Trust_Preferred_Securities | |
Subordinated Borrowing [Line Items] | |||
Redeem and refinance of floating rate subordinated debenture | $ 5,000,000 | ||
Refinancing at face value, reduction rate | 2.00% | ||
Subordinated debenture, maturity period | 30 years | ||
Subordinated debentures, principal amount percentage | 100.00% | ||
Minimum [Member] | |||
Subordinated Borrowing [Line Items] | |||
Subordinated debentures may redeem part of principal amount | $ 1,000,000 | ||
Futura Ban Corp [Member] | |||
Subordinated Borrowing [Line Items] | |||
Number of additional trust preferred securities acquired | Trust_Preferred_Securities | 2 | ||
3.58% Debenture [Member] | |||
Subordinated Borrowing [Line Items] | |||
Debt, face amount | $ 12,500,000 | ||
Debt, interest rate | 3.58% | ||
Redemption of subordinated debentures description | The Company may redeem the subordinated debentures, in whole or in part, in a principal amount with integral multiples of $1,000, at 100% of the principal amount, plus accrued and unpaid interest. | ||
Subordinated Debentures [Member] | |||
Subordinated Borrowing [Line Items] | |||
Subordinated debenture, maturity date | Jun. 15, 2035 | ||
4.48% Debenture [Member] | |||
Subordinated Borrowing [Line Items] | |||
Debt, face amount | $ 7,500,000 | ||
Debt, interest rate | 4.48% | ||
2.92% Debenture [Member] | |||
Subordinated Borrowing [Line Items] | |||
Debt, face amount | $ 5,000,000 | ||
Debt, interest rate | 2.92% | ||
6.05% Fixed Rate Trust Preferred Securities [Member] | |||
Subordinated Borrowing [Line Items] | |||
Debt, face amount | $ 12,500,000 | ||
Debt, interest rate | 6.05% | ||
Subordinated debenture, maturity term | 5 years | ||
2.98% Debenture [Member] | Futura TPF Trust I [Member] | |||
Subordinated Borrowing [Line Items] | |||
Debt, face amount | $ 2,500,000 | ||
Debt instrument, variable interest rate percentage | 2.98% | ||
2.98% Debenture [Member] | Futura TPF Trust II [Member] | |||
Subordinated Borrowing [Line Items] | |||
Debt, face amount | $ 1,927,000 | ||
Debt instrument, variable interest rate percentage | 2.98% | ||
Subordinated Debenture [Member] | |||
Subordinated Borrowing [Line Items] | |||
Issuance of Trust Preferred Securities in exchange for Subordinated Debentures | $ 5,000,000 | ||
Trust Preferred Securities [Member] | |||
Subordinated Borrowing [Line Items] | |||
Issuance of Trust Preferred Securities in exchange for Subordinated Debentures | 7,500,000 | ||
Trust Preferred Securities [Member] | Futura TPF Trust I [Member] | |||
Subordinated Borrowing [Line Items] | |||
Acquired trust preferred securities | 2,500,000 | ||
Trust Preferred Securities [Member] | Futura TPF Trust II [Member] | |||
Subordinated Borrowing [Line Items] | |||
Acquired trust preferred securities | $ 1,927,000 |
Income Taxes - Schedule of Inco
Income Taxes - Schedule of Income Tax (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Income Tax Expense Benefit Continuing Operations [Abstract] | |||
Current | $ 5,414 | $ 6,449 | $ 5,191 |
Deferred | 435 | 170 | (410) |
Change in corporate tax rate | 511 | ||
Income tax expense | $ 6,360 | $ 6,619 | $ 4,781 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Income Taxes Disclosure [Line Items] | ||||
Statutory federal income tax rate | 35.00% | 35.00% | 34.00% | |
Increase in income tax expense | $ 511,000 | |||
Valuation allowance | 0 | $ 0 | ||
Liability for uncertain tax positions, current | 0 | |||
Unrecognized tax benefits | $ 0 | |||
Scenario Forecast [Member] | ||||
Income Taxes Disclosure [Line Items] | ||||
Statutory federal income tax rate | 21.00% |
Income Taxes - Effective Tax Ra
Income Taxes - Effective Tax Rates Differ from Statutory Federal Income Tax Rate (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | |||
Income taxes computed at the statutory federal tax rate | $ 7,781 | $ 8,343 | $ 5,959 |
Add (subtract) tax effect of: | |||
Nontaxable interest income, net of nondeductible interest expense | (1,107) | (946) | (900) |
Low income housing tax credit | (686) | (435) | (303) |
Cash surrender value of BOLI | (201) | (197) | (159) |
Change in corporate tax rate | 511 | ||
Other | 62 | (146) | 184 |
Income tax expense | $ 6,360 | $ 6,619 | $ 4,781 |
Income Taxes - Summary of Defer
Income Taxes - Summary of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Deferred tax assets | ||
Allowance for loan losses | $ 2,848 | $ 4,640 |
Deferred compensation | 1,213 | 1,762 |
Intangible assets | 95 | 187 |
Pension costs | 277 | |
Other | 141 | 102 |
Deferred tax asset | 4,297 | 6,968 |
Deferred tax liabilities | ||
Tax depreciation in excess of book depreciation | (275) | (97) |
Discount accretion on securities | (43) | (58) |
Purchase accounting adjustments | (536) | (1,091) |
FHLB stock dividends | (1,053) | (1,705) |
Unrealized gain on securities available for sale | (847) | (1,035) |
Pension costs | (293) | |
Prepaids | (320) | |
Other | (166) | (256) |
Deferred tax liability | (3,533) | (4,242) |
Net deferred tax asset | $ 764 | $ 2,726 |
Retirement Plans - Additional I
Retirement Plans - Additional Information (Detail) | 12 Months Ended | ||
Dec. 31, 2017USD ($)Employee | Dec. 31, 2016USD ($) | Dec. 31, 2015USD ($) | |
Defined Benefit Plan Disclosure [Line Items] | |||
Matching contribution to 401(k) plan | $ 805,000 | $ 734,000 | $ 667,000 |
Employer matching contribution description | The Company’s matching contribution is 100% of an employee’s first three percent contributed and 50% of the next two percent contributed. | ||
Pension plan eligibility age of employees | 20 years 6 months | ||
Pension plan eligibility service period of employees | 6 months | ||
Pension plan eligibility service hours of employees | 1000 hours | ||
Additional benefits under pension plan | $ 0 | ||
Interest expense | 4,092,000 | 3,308,000 | 3,309,000 |
Unrecognized actuarial loss | 4,070,000 | 4,345,000 | |
Unrecognized actuarial net of tax | 2,191,000 | 2,238,000 | |
Accumulated benefit obligation for defined benefit pension plan | 17,916,000 | 16,964,000 | |
Net periodic benefit cost over the next fiscal year | 380,000 | ||
Incurred settlement cost | $ 237,000 | $ 259,000 | $ 415,000 |
Rate of compensation increase used to determine the benefit obligation | 0.00% | 0.00% | 0.00% |
Long-term rate of return on plan assets | 7.00% | 7.00% | |
Expected future employer contributions | $ 0 | ||
Employer contribution | 2,000,000 | $ 500,000 | |
Fund status | 1,390,000 | (814,000) | |
Shortfall Agreements [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Pension shortfall expense | 18,000 | 201,000 | $ 364,000 |
Interest expense | $ 18,000 | 11,000 | 10,000 |
Number of individuals under plan | Employee | 10 | ||
Supplemental Retirement Plan [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Maximum retirement year for participants | 10 years | ||
Liability recorded for supplemental retirement plan | $ 2,308,000 | 1,984,000 | |
Expenses recorded for supplemental retirement plan | 365,000 | 243,000 | 299,000 |
Total distribution to participant | $ 41,000 | $ 34,000 | $ 22,000 |
Retirement Plans - Information
Retirement Plans - Information about Pension Plan (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Change in benefit obligation: | |||
Beginning benefit obligation | $ 16,964 | $ 16,328 | |
Service cost | 0 | 0 | $ 0 |
Interest cost | 679 | 689 | 604 |
Curtailment gain | 0 | 0 | |
Settlement loss | 46 | 51 | |
Actuarial (gain)/loss | 986 | 669 | |
Benefits paid | (759) | (773) | |
Ending benefit obligation | 17,916 | 16,964 | 16,328 |
Change in plan assets, at fair value: | |||
Beginning plan assets | 16,150 | 15,647 | |
Actual return | 1,947 | 802 | |
Employer contribution | 2,000 | 500 | |
Benefits paid | (759) | (773) | |
Administrative expenses | (32) | (26) | |
Ending plan assets | 19,306 | 16,150 | $ 15,647 |
Funded status at end of year | $ 1,390 | $ (814) |
Retirement Plans - Components o
Retirement Plans - Components of Net Periodic Pension Expense (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Compensation And Retirement Disclosure [Abstract] | |||
Service cost | $ 0 | $ 0 | $ 0 |
Interest cost | 679 | 689 | 604 |
Expected return on plan assets | 1,178 | 1,090 | 1,088 |
Net amortization and deferral | (380) | (326) | (270) |
Net periodic pension cost (benefit) | (119) | (75) | (214) |
Net loss (gain) recognized in other comprehensive loss | (322) | 448 | 412 |
Total recognized in net periodic benefit cost and other comprehensive loss (before tax) | $ (441) | $ 373 | $ 198 |
Retirement Plans - Weighted Ave
Retirement Plans - Weighted Average Assumptions Used to Determine Benefit Obligations (Detail) | 12 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Rate of compensation increase | 0.00% | 0.00% | 0.00% |
Long-term rate of return on plan assets | 7.00% | 7.00% | |
Benefit Obligations [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate on benefit obligation | 3.51% | 4.00% | 4.16% |
Long-term rate of return on plan assets | 7.00% | 7.00% | 7.00% |
Rate of compensation increase | 0.00% | 0.00% | 0.00% |
Net Periodic Pension Cost [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate on benefit obligation | 4.00% | 4.16% | 3.69% |
Long-term rate of return on plan assets | 7.00% | 7.00% | 7.00% |
Rate of compensation increase | 0.00% | 0.00% | 0.00% |
Retirement Plans - Schedule of
Retirement Plans - Schedule of Target Allocation and Expected Long-Term Rate of Return by Asset Category (Detail) | Dec. 31, 2017 | Dec. 31, 2016 |
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation | 100.00% | 100.00% |
Equity Securities in Financial Institutions [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation | 48.00% | 47.50% |
Equity Securities in Financial Institutions [Member] | Minimum [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation | 20.00% | |
Equity Securities in Financial Institutions [Member] | Maximum [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation | 50.00% | |
Total Debt Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation | 51.90% | 52.10% |
Total Debt Securities [Member] | Minimum [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation | 30.00% | |
Total Debt Securities [Member] | Maximum [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation | 60.00% | |
Money Market Funds [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation | 0.10% | 0.40% |
Money Market Funds [Member] | Minimum [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation | 20.00% | |
Money Market Funds [Member] | Maximum [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Target Allocation | 30.00% |
Retirement Plans - Plan's Asset
Retirement Plans - Plan's Assets at Fair Value Hierarchy (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | $ 19,306 | $ 16,150 | $ 15,647 |
Bond Mutual Funds [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | 23 | ||
Common/Collective Trust, Equities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | 6,654 | ||
Equity Market Funds, International [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | 750 | ||
Equity Market Funds, Large Cap [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | 1,085 | ||
Equity Market Funds, Mid Cap [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | 269 | ||
Equity Market Funds, Small Cap [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | 432 | ||
Cash [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | 113 | ||
Common/Collective Trust, Bonds [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | 9,980 | ||
(Level 1) [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | 19,306 | ||
(Level 1) [Member] | Bond Mutual Funds [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | 23 | ||
(Level 1) [Member] | Common/Collective Trust, Equities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | 6,654 | ||
(Level 1) [Member] | Equity Market Funds, International [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | 750 | ||
(Level 1) [Member] | Equity Market Funds, Large Cap [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | 1,085 | ||
(Level 1) [Member] | Equity Market Funds, Mid Cap [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | 269 | ||
(Level 1) [Member] | Equity Market Funds, Small Cap [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | 432 | ||
(Level 1) [Member] | Cash [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | 113 | ||
(Level 1) [Member] | Common/Collective Trust, Bonds [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total assets at fair value | $ 9,980 |
Retirement Plans - Summary of E
Retirement Plans - Summary of Expected Benefit Payments (Detail) $ in Thousands | Dec. 31, 2017USD ($) |
Defined Benefit Plan Estimated Future Benefit Payments [Abstract] | |
2,018 | $ 1,903 |
2,019 | 1,127 |
2,020 | 650 |
2,021 | 913 |
2,022 | 1,182 |
2023 through 2027 | 4,723 |
Total | $ 10,498 |
Equity Incentive Plan - Additio
Equity Incentive Plan - Additional Information (Detail) - USD ($) $ in Thousands | Sep. 11, 2017 | May 16, 2017 | May 17, 2016 | Jan. 04, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||||||
Restricted common shares granted | 43,906 | |||||||
Share based compensation - Civista BOD | $ 426 | $ 323 | $ 106 | |||||
Share based compensation expense | 274 | |||||||
Expected future compensation expense | $ 317 | |||||||
Civista [Member] | ||||||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||||||
Share based compensation - Civista BOD | $ 8 | $ 144 | $ 130 | $ 32 | ||||
Restricted Stock [Member] | ||||||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||||||
Restricted shares vesting service period | 3 years | |||||||
Restricted common shares granted | 367 | 6,804 | 12,285 | 2,730 | 17,898 | 28,864 | ||
2014 Incentive Plan [Member] | ||||||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||||||
Maximum number of shares under stock option plan authorized for issuance | 375,000 | |||||||
Number of shares available for grant under stock option plan | 292,209 | |||||||
Options granted | 0 | 0 | ||||||
Expected future compensation expense | $ 317 | |||||||
Weighted average remaining life of grants related to unvested awards not yet recognized | 2 years 9 months 14 days | |||||||
2014 Incentive Plan [Member] | Director | ||||||||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | ||||||||
Share based compensation expense | $ 152 |
Equity Incentive Plan - Summary
Equity Incentive Plan - Summary of Company's Restricted Stock (Detail) - USD ($) $ / shares in Units, $ in Thousands | Sep. 11, 2017 | May 16, 2017 | May 17, 2016 | Jan. 04, 2016 | Dec. 31, 2017 | Dec. 31, 2016 |
Schedule Of Nonvested Stock Option Activity [Line Items] | ||||||
Number of Restricted Shares, Granted | 43,906 | |||||
Expected future remaining compensation expense | $ 317 | |||||
Expected future compensation expense, restricted shares remaining vesting period | 2 years 9 months 14 days | |||||
Restricted Shares Awarded on January 15, 2016 [Member] | ||||||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||||||
Number of Restricted Shares, Granted | 10,260 | |||||
Date of Award | Jan. 15, 2016 | |||||
Expected future remaining compensation expense | $ 66 | |||||
Expected future compensation expense, restricted shares remaining vesting period | 3 years | |||||
Restricted Shares Awarded on March 11, 2016 [Member] | ||||||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||||||
Number of Restricted Shares, Granted | 15,748 | |||||
Date of Award | Mar. 11, 2016 | |||||
Expected future remaining compensation expense | $ 33 | |||||
Expected future compensation expense, restricted shares remaining vesting period | 1 year | |||||
Restricted Shares Awarded on March 20, 2017 [Member] | ||||||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||||||
Number of Restricted Shares, Granted | 11,713 | |||||
Date of Award | Mar. 20, 2017 | |||||
Expected future remaining compensation expense | $ 110 | |||||
Expected future compensation expense, restricted shares remaining vesting period | 2 years | |||||
Restricted Shares Awarded on March 20, 2017 [Member] | ||||||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||||||
Number of Restricted Shares, Granted | 6,185 | |||||
Date of Award | Mar. 20, 2017 | |||||
Expected future remaining compensation expense | $ 108 | |||||
Expected future compensation expense, restricted shares remaining vesting period | 4 years | |||||
Restricted Stock [Member] | ||||||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||||||
Number of Restricted Shares, Nonvested at beginning of period | 37,050 | 16,983 | ||||
Number of Restricted Shares, Granted | 367 | 6,804 | 12,285 | 2,730 | 17,898 | 28,864 |
Number of Restricted Shares, Vested | (12,810) | (5,657) | ||||
Number of Restricted Shares, Forfeited | 0 | (3,140) | ||||
Number of Restricted Shares, Nonvested at end of period | 42,138 | 37,050 | ||||
Weighted Average Grant Date Fair Value, Nonvested at beginning of period | $ 10.77 | $ 10.82 | ||||
Weighted Average Grant Date Fair Value, Granted | 22.15 | 10.75 | ||||
Weighted Average Grant Date Fair Value, Vested | 10.76 | 10.82 | ||||
Weighted Average Grant Date Fair Value, Forfeited | 0 | 10.87 | ||||
Weighted Average Grant Date Fair Value, Nonvested at end of period | $ 15.60 | $ 10.77 |
Fair Value Measurement - Assets
Fair Value Measurement - Assets Measured at Fair Value (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | $ 1,040 | $ 952 |
Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 16 | 37 |
(Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair value swap asset | 1,560 | 1,839 |
(Level 2) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | Swap [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair value swap asset | 1,560 | 1,839 |
Fair value swap liability | 1,560 | 1,839 |
(Level 2) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | U.S. Treasury Securities and Obligations of U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 30,357 | 37,446 |
(Level 2) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | Obligations of States and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 118,056 | 94,998 |
(Level 2) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | Mortgage-backed Securities in Government Sponsored Entities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 81,817 | 62,642 |
(Level 2) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | Equity Securities in Financial Institutions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 832 | 778 |
(Level 3) [Member] | Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 1,040 | 952 |
(Level 3) [Member] | Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | $ 16 | $ 37 |
Fair Value Measurement - Quanti
Fair Value Measurement - Quantitative Information about Level 3 Fair Value Measurements (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Impaired Loans [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value Estimate | $ 1,040 | $ 952 |
Fair Value Measurements, Valuation Technique | Appraisal of collateral | Appraisal of collateral |
Impaired Loans [Member] | Minimum [Member] | Appraisal of Collateral [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value Assumptions, Appraisal adjustments | 0.00% | 10.00% |
Fair Value Assumptions, Liquidation expense | 0.00% | 0.00% |
Fair Value Assumptions, Holding period | 0 months | 0 months |
Impaired Loans [Member] | Maximum [Member] | Appraisal of Collateral [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value Assumptions, Appraisal adjustments | 30.00% | 67.00% |
Fair Value Assumptions, Liquidation expense | 10.00% | 10.00% |
Fair Value Assumptions, Holding period | 30 months | 30 months |
Impaired Loans [Member] | Weighted Average [Member] | Appraisal of Collateral [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value Assumptions, Appraisal adjustments | 16.00% | 64.00% |
Fair Value Assumptions, Liquidation expense | 8.00% | 4.00% |
Fair Value Assumptions, Holding period | 20 months | 19 months |
Other Real Estate Owned [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value Estimate | $ 16 | $ 37 |
Fair Value Measurements, Valuation Technique | Appraisal of collateral | Appraisal of collateral |
Other Real Estate Owned [Member] | Minimum [Member] | Appraisal of Collateral [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value Assumptions, Appraisal adjustments | 10.00% | 10.00% |
Fair Value Assumptions, Liquidation expense | 0.00% | 0.00% |
Other Real Estate Owned [Member] | Maximum [Member] | Appraisal of Collateral [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value Assumptions, Appraisal adjustments | 30.00% | 30.00% |
Fair Value Assumptions, Liquidation expense | 10.00% | 10.00% |
Other Real Estate Owned [Member] | Weighted Average [Member] | Appraisal of Collateral [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value Assumptions, Appraisal adjustments | 10.00% | 10.00% |
Fair Value Assumptions, Liquidation expense | 10.00% | 10.00% |
Fair Value Measurement - Carryi
Fair Value Measurement - Carrying Amount and Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Financial Assets: | ||||
Cash and due from financial institutions | $ 40,519 | $ 36,695 | $ 35,561 | $ 29,858 |
Securities available for sale | 231,062 | 195,864 | ||
Loans, net of allowance for loan losses | 1,151,527 | 1,042,201 | ||
Other securities | 14,247 | 14,055 | ||
Bank owned life insurance | 25,125 | 24,552 | ||
Accrued interest receivable | 4,488 | 3,854 | ||
Financial Liabilities: | ||||
Time deposits | 223,902 | |||
Short-term FHLB advances | 10,000 | |||
Long-term FHLB advances | 15,000 | 17,500 | ||
Securities sold under agreement to repurchase | 21,755 | 28,925 | $ 25,040 | |
Carrying Amount [Member] | ||||
Financial Assets: | ||||
Cash and due from financial institutions | 40,519 | 36,695 | ||
Securities available for sale | 231,062 | 195,864 | ||
Loans, held for sale | 2,197 | 2,268 | ||
Loans, net of allowance for loan losses | 1,151,527 | 1,042,201 | ||
Other securities | 14,247 | 14,055 | ||
Bank owned life insurance | 25,125 | 24,552 | ||
Accrued interest receivable | 4,336 | 3,854 | ||
Fair value swap asset | 1,560 | 1,839 | ||
Financial Liabilities: | ||||
Nonmaturing deposits | 981,021 | 913,677 | ||
Time deposits | 223,902 | 207,426 | ||
Short-term FHLB advances | 56,900 | 31,000 | ||
Long-term FHLB advances | 15,000 | 17,500 | ||
Securities sold under agreement to repurchase | 21,755 | 28,925 | ||
Subordinated debentures | 29,427 | 29,427 | ||
Accrued interest payable | 410 | 181 | ||
Swap liability | 1,560 | 1,839 | ||
Total Fair Value [Member] | ||||
Financial Assets: | ||||
Cash and due from financial institutions | 40,519 | 36,695 | ||
Securities available for sale | 231,062 | 195,864 | ||
Loans, held for sale | 2,197 | 2,268 | ||
Loans, net of allowance for loan losses | 1,146,969 | 1,047,329 | ||
Other securities | 14,247 | 14,055 | ||
Bank owned life insurance | 25,125 | 24,552 | ||
Accrued interest receivable | 4,336 | 3,854 | ||
Fair value swap asset | 1,560 | 1,839 | ||
Financial Liabilities: | ||||
Nonmaturing deposits | 981,021 | 913,677 | ||
Time deposits | 223,626 | 207,784 | ||
Short-term FHLB advances | 56,900 | 31,000 | ||
Long-term FHLB advances | 14,964 | 17,553 | ||
Securities sold under agreement to repurchase | 21,755 | 28,925 | ||
Subordinated debentures | 31,052 | 27,414 | ||
Accrued interest payable | 410 | 181 | ||
Swap liability | 1,560 | 1,839 | ||
(Level 1) [Member] | ||||
Financial Assets: | ||||
Cash and due from financial institutions | 40,519 | 36,695 | ||
Loans, held for sale | 2,197 | 2,268 | ||
Other securities | 14,247 | 14,055 | ||
Bank owned life insurance | 25,125 | 24,552 | ||
Accrued interest receivable | 4,336 | 3,854 | ||
Financial Liabilities: | ||||
Nonmaturing deposits | 981,021 | 913,677 | ||
Short-term FHLB advances | 56,900 | 31,000 | ||
Securities sold under agreement to repurchase | 21,755 | 28,925 | ||
Accrued interest payable | 410 | 181 | ||
(Level 2) [Member] | ||||
Financial Assets: | ||||
Securities available for sale | 231,062 | 195,864 | ||
Fair value swap asset | 1,560 | 1,839 | ||
Financial Liabilities: | ||||
Swap liability | 1,560 | 1,839 | ||
(Level 3) [Member] | ||||
Financial Assets: | ||||
Loans, net of allowance for loan losses | 1,146,969 | 1,047,329 | ||
Financial Liabilities: | ||||
Time deposits | 223,626 | 207,784 | ||
Long-term FHLB advances | 14,964 | 17,553 | ||
Subordinated debentures | $ 31,052 | $ 27,414 |
Commitments, Contingencies a114
Commitments, Contingencies and Off-Balance-Sheet Risk - Contractual Amounts of Financial Instruments with Off-Balance-Sheet Risk (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | $ 5,613 | $ 7,510 |
Variable Rate | 322,915 | 232,347 |
Lines of Credit and Construction Loans [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 4,982 | 6,905 |
Variable Rate | 286,925 | 202,923 |
Overdraft Protection [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 7 | 5 |
Variable Rate | 33,353 | 29,075 |
Letters of Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 624 | 600 |
Variable Rate | $ 2,637 | $ 349 |
Commitments, Contingencies a115
Commitments, Contingencies and Off-Balance-Sheet Risk - Additional Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Maximum period of commitments to make loans | 1 year | |
Maximum time period of maturities | 30 years | |
Average reserve balance under Federal Reserve Board requirements | $ 4,112 | $ 2,887 |
Minimum [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Range of fixed interest rate loan commitments | 2.88% | 3.25% |
Maximum [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Range of fixed interest rate loan commitments | 10.25% | 8.50% |
Capital Requirements and Res116
Capital Requirements and Restriction on Retained Earnings - Actual Capital Levels and Minimum Required Capital Levels (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 |
Consolidated [Member] | ||
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items] | ||
Total Risk Based Capital, Actual, Amount | $ 200,772 | $ 155,145 |
Tier I Risk Based Capital, Actual, Amount | 187,638 | 141,840 |
CET1 Risk Based Capital, Actual, Amount | 140,853 | 93,463 |
Leverage, Actual, Amount | $ 187,638 | $ 141,840 |
Total Risk Based Capital, Actual, Ratio | 16.60% | 14.20% |
Tier I Risk Based Capital, Actual, Ratio | 15.50% | 13.00% |
CET1 Risk Based Capital, Actual, Ratio | 11.60% | 8.60% |
Leverage, Actual, Ratio | 12.70% | 10.60% |
Total Risk Based Capital , For Capital Adequacy Purposes, Amount | $ 97,025 | $ 87,436 |
Tier I Risk Based Capital, For Capital Adequacy Purposes, Amount | 72,769 | 65,577 |
CET1 Risk Based Capital, For Capital Adequacy Purposes, Amount | 54,576 | 49,183 |
Leverage, For Capital Adequacy Purposes, Amount | $ 59,089 | $ 53,774 |
Total Risk Based Capital , For Capital Adequacy Purposes, Ratio | 8.00% | 8.00% |
Tier I Risk Based Capital, For Capital Adequacy Purposes, Ratio | 6.00% | 6.00% |
CET1 Risk Based Capital, For Capital Adequacy Purposes, Ratio | 4.50% | 4.50% |
Leverage, For Capital Adequacy Purposes, Ratio | 4.00% | 4.00% |
Civista [Member] | ||
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items] | ||
Total Risk Based Capital, Actual, Amount | $ 161,394 | $ 145,270 |
Tier I Risk Based Capital, Actual, Amount | 147,473 | 131,391 |
CET1 Risk Based Capital, Actual, Amount | 136,760 | 120,465 |
Leverage, Actual, Amount | $ 147,473 | $ 131,391 |
Total Risk Based Capital, Actual, Ratio | 13.30% | 13.30% |
Tier I Risk Based Capital, Actual, Ratio | 12.20% | 12.00% |
CET1 Risk Based Capital, Actual, Ratio | 11.30% | 11.00% |
Leverage, Actual, Ratio | 10.00% | 9.80% |
Total Risk Based Capital , For Capital Adequacy Purposes, Amount | $ 96,880 | $ 87,334 |
Tier I Risk Based Capital, For Capital Adequacy Purposes, Amount | 72,660 | 65,501 |
CET1 Risk Based Capital, For Capital Adequacy Purposes, Amount | 54,495 | 49,126 |
Leverage, For Capital Adequacy Purposes, Amount | $ 59,031 | $ 53,717 |
Total Risk Based Capital , For Capital Adequacy Purposes, Ratio | 8.00% | 8.00% |
Tier I Risk Based Capital, For Capital Adequacy Purposes, Ratio | 6.00% | 6.00% |
CET1 Risk Based Capital, For Capital Adequacy Purposes, Ratio | 4.50% | 4.50% |
Leverage, For Capital Adequacy Purposes, Ratio | 4.00% | 4.00% |
Total Risk Based Capital , To Be Well Capitalized Under Prompt Corrective Action Purposes, Amount | $ 121,100 | $ 109,168 |
Tier I Risk Based Capital, To Be Well Capitalized Under Prompt Corrective Action Purposes, Amount | 96,880 | 87,334 |
CET1 Risk Based Capital, To Be Well Capitalized Under Prompt Corrective Action Purposes, Amount | 78,715 | 70,959 |
Leverage, To Be Well Capitalized Under Prompt Corrective Action Purposes, Amount | $ 73,788 | $ 67,146 |
Total Risk Based Capital , To Be Well Capitalized Under Prompt Corrective Action Purposes, Ratio | 10.00% | 10.00% |
Tier I Risk Based Capital, To Be Well Capitalized Under Prompt Corrective Action Purposes, Ratio | 8.00% | 8.00% |
CET1 Risk Based Capital, To Be Well Capitalized Under Prompt Corrective Action Purposes, Ratio | 6.50% | 6.50% |
Leverage, To Be Well Capitalized Under Prompt Corrective Action Purposes, Ratio | 5.00% | 5.00% |
Capital Requirements and Res117
Capital Requirements and Restriction on Retained Earnings - Additional Information (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2017USD ($) | |
Commitments And Contingencies Disclosure [Abstract] | |
Net profits available to pay dividends to CBI | $ 36,440 |
Parent Company Only Condense118
Parent Company Only Condensed Financial Information - Schedule of Condensed Balance Sheets (Detail) - USD ($) $ in Thousands | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
ASSETS | ||||
Securities available for sale | $ 231,062 | $ 195,864 | ||
Other assets | 10,707 | 10,975 | ||
Total assets | 1,525,857 | 1,377,263 | ||
LIABILITIES | ||||
Subordinated debentures | 29,427 | 29,427 | ||
Total liabilities | 1,341,396 | 1,239,647 | ||
SHAREHOLDERS’ EQUITY | ||||
Preferred stock | 17,358 | 18,950 | ||
Common stock | 153,810 | 118,975 | ||
Accumulated earnings | 31,652 | 19,263 | ||
Treasury Stock | 17,235 | 17,235 | ||
Accumulated other comprehensive loss | (1,124) | (2,337) | ||
Total shareholders’ equity | 184,461 | 137,616 | $ 125,173 | $ 115,909 |
Total liabilities and shareholders’ equity | 1,525,857 | 1,377,263 | ||
CBI[Member] | ||||
ASSETS | ||||
Cash | 29,908 | 4,747 | $ 7,493 | $ 13,663 |
Securities available for sale | 832 | 778 | ||
Investment in bank subsidiary | 167,192 | 149,965 | ||
Investment in nonbank subsidiaries | 12,928 | 12,635 | ||
Other assets | 5,212 | 1,226 | ||
Total assets | 216,072 | 169,351 | ||
LIABILITIES | ||||
Deferred income taxes and other liabilities | 2,184 | 2,308 | ||
Subordinated debentures | 29,427 | 29,427 | ||
Total liabilities | 31,611 | 31,735 | ||
SHAREHOLDERS’ EQUITY | ||||
Preferred stock | 17,358 | 18,950 | ||
Common stock | 153,810 | 118,975 | ||
Accumulated earnings | 31,652 | 19,263 | ||
Treasury Stock | 17,235 | 17,235 | ||
Accumulated other comprehensive loss | (1,124) | (2,337) | ||
Total shareholders’ equity | 184,461 | 137,616 | ||
Total liabilities and shareholders’ equity | $ 216,072 | $ 169,351 |
Parent Company Only Condense119
Parent Company Only Condensed Financial Information - Schedule of Condensed Statements of Operations (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Condensed Financial Statements Captions [Line Items] | |||||||||||
Interest expense | $ (4,092) | $ (3,308) | $ (3,309) | ||||||||
Income tax benefit | (6,360) | (6,619) | (4,781) | ||||||||
Net income | $ 3,981 | $ 3,660 | $ 3,596 | $ 4,635 | $ 3,631 | $ 3,680 | $ 5,181 | $ 4,725 | 15,872 | 17,217 | 12,745 |
Comprehensive income | 17,284 | 15,375 | 12,297 | ||||||||
CBI[Member] | |||||||||||
Condensed Financial Statements Captions [Line Items] | |||||||||||
Dividends from bank subsidiaries | 14,226 | ||||||||||
Interest expense | (1,035) | (884) | (760) | ||||||||
Pension expense | (925) | (184) | (388) | ||||||||
Other expense, net | (1,071) | (920) | (1,755) | ||||||||
Income (loss) before equity in undistributed net earnings of subsidiaries | (3,031) | (1,988) | 11,323 | ||||||||
Income tax benefit | 1,407 | 676 | 959 | ||||||||
Equity in undistributed net earnings of subsidiaries | 17,496 | 18,529 | 463 | ||||||||
Net income | 15,872 | 17,217 | 12,745 | ||||||||
Comprehensive income | $ 17,284 | $ 15,375 | $ 12,297 |
Parent Company Only Condense120
Parent Company Only Condensed Financial Information - Schedule of Condensed Statements of Cash Flows (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Operating activities: | |||||||||||
Net income | $ 3,981 | $ 3,660 | $ 3,596 | $ 4,635 | $ 3,631 | $ 3,680 | $ 5,181 | $ 4,725 | $ 15,872 | $ 17,217 | $ 12,745 |
Adjustment to reconcile net income to net cash from (used for) operating activities: | |||||||||||
Gain on sale of fixed assets | (67) | (1) | |||||||||
Cash flows used for investing activities: | |||||||||||
Proceeds from sale of premises and equipment | 139 | 3 | |||||||||
Net cash used for investing activities | (146,180) | (63,575) | (11,904) | ||||||||
Cash flows from financing activities: | |||||||||||
Net proceeds from common stock issuance | 32,821 | ||||||||||
Net cash from financing activities | 129,185 | 47,000 | 2,534 | ||||||||
Increase in cash and due from financial institutions | 3,824 | 1,134 | 5,703 | ||||||||
CBI[Member] | |||||||||||
Operating activities: | |||||||||||
Net income | 15,872 | 17,217 | 12,745 | ||||||||
Adjustment to reconcile net income to net cash from (used for) operating activities: | |||||||||||
Change in other assets and other liabilities | (2,147) | 1,821 | 1,324 | ||||||||
Gain on sale of fixed assets | (66) | ||||||||||
Equity in undistributed net earnings of subsidiaries | (17,496) | (18,529) | (463) | ||||||||
Net cash (used for) from operating activities | (3,837) | 509 | 13,606 | ||||||||
Cash flows used for investing activities: | |||||||||||
Proceeds from sale of premises and equipment | 138 | ||||||||||
Acquisition and additional capitalization of subsidiary, net of cash acquired | (275) | (16,637) | |||||||||
Net cash used for investing activities | (137) | (16,637) | |||||||||
Cash flows from financing activities: | |||||||||||
Cash paid on fractional shares on preferred stock conversion to common stock | (1) | ||||||||||
Net proceeds from common stock issuance | 32,821 | ||||||||||
Payment to repurchase common stock | (4) | ||||||||||
Cash dividends paid | (3,682) | (3,254) | (3,139) | ||||||||
Net cash from financing activities | 29,135 | (3,255) | (3,139) | ||||||||
Increase in cash and due from financial institutions | 25,161 | (2,746) | (6,170) | ||||||||
Cash and cash equivalents at beginning of year | $ 4,747 | $ 7,493 | 4,747 | 7,493 | 13,663 | ||||||
Cash and cash equivalents at end of year | $ 29,908 | $ 4,747 | $ 29,908 | $ 4,747 | $ 7,493 |
Preferred Shares - Additional i
Preferred Shares - Additional information (Detail) - USD ($) $ / shares in Units, $ in Thousands | Feb. 15, 2014 | Dec. 19, 2013 | Dec. 31, 2017 | Dec. 31, 2016 |
Preferred Stock [Line Items] | ||||
Preferred shares, liquidation preference | $ 1,000 | $ 1,000 | ||
Depositary Shares [Member] | ||||
Preferred Stock [Line Items] | ||||
Newly issued shares | 1,000,000 | |||
Percentage of ownership Interest | 2.50% | |||
Share issued price per share | $ 25 | |||
Gross proceeds from public offering | $ 25,000 | |||
Shares outstanding | 750,382 | |||
Series B Preferred Stock [Member] | ||||
Preferred Stock [Line Items] | ||||
Preferred shares, liquidation preference | $ 1,000 | |||
Dividend on preferred stock | 6.50% | |||
Series A Preferred Stock [Member] | ||||
Preferred Stock [Line Items] | ||||
Aggregate purchase price of Preferred stock | $ 22,857 | |||
Preferred stock redemption date | Feb. 15, 2014 |
Earnings per Common Share - Com
Earnings per Common Share - Computation of Basic and Diluted Earnings per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Basic | |||||||||||
Net income | $ 3,981 | $ 3,660 | $ 3,596 | $ 4,635 | $ 3,631 | $ 3,680 | $ 5,181 | $ 4,725 | $ 15,872 | $ 17,217 | $ 12,745 |
Preferred stock dividends | 1,244 | 1,501 | 1,577 | ||||||||
Net income available to common shareholders | $ 14,628 | $ 15,716 | $ 11,168 | ||||||||
Weighted average common shares outstanding for earnings per common share basic | 9,906,856 | 8,010,399 | 7,822,369 | ||||||||
Basic earnings per share | $ 0.36 | $ 0.33 | $ 0.32 | $ 0.47 | $ 0.39 | $ 0.41 | $ 0.61 | $ 0.55 | $ 1.48 | $ 1.96 | $ 1.43 |
Diluted | |||||||||||
Net income available to common shareholders—basic | $ 14,628 | $ 15,716 | $ 11,168 | ||||||||
Preferred stock dividends on convertible preferred stock | 1,244 | 1,501 | 1,577 | ||||||||
Net income available to common shareholders—diluted | $ 15,872 | $ 17,217 | $ 12,745 | ||||||||
Weighted average common shares outstanding for earnings per common share basic | 9,906,856 | 8,010,399 | 7,822,369 | ||||||||
Add: dilutive effects of convertible preferred shares | 2,445,760 | 2,940,562 | 3,095,966 | ||||||||
Average shares and dilutive potential common shares outstanding—diluted | 12,352,616 | 10,950,961 | 10,918,335 | ||||||||
Diluted earnings per share | $ 0.30 | $ 0.29 | $ 0.29 | $ 0.40 | $ 0.33 | $ 0.34 | $ 0.47 | $ 0.43 | $ 1.28 | $ 1.57 | $ 1.17 |
Quarterly Financial Data (Un123
Quarterly Financial Data (Unaudited) - Schedule of Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Income Statement [Abstract] | |||||||||||
Interest Income | $ 15,838 | $ 14,836 | $ 14,228 | $ 13,692 | $ 13,405 | $ 13,370 | $ 13,739 | $ 13,053 | $ 58,594 | $ 53,567 | $ 50,701 |
Net Interest Income | 14,563 | 13,680 | 13,367 | 12,892 | 12,558 | 12,526 | 12,940 | 12,235 | 54,502 | 50,259 | 47,392 |
Net income | $ 3,981 | $ 3,660 | $ 3,596 | $ 4,635 | $ 3,631 | $ 3,680 | $ 5,181 | $ 4,725 | $ 15,872 | $ 17,217 | $ 12,745 |
Basic Earnings per Common Share | $ 0.36 | $ 0.33 | $ 0.32 | $ 0.47 | $ 0.39 | $ 0.41 | $ 0.61 | $ 0.55 | $ 1.48 | $ 1.96 | $ 1.43 |
Diluted Earnings per Common Share | $ 0.30 | $ 0.29 | $ 0.29 | $ 0.40 | $ 0.33 | $ 0.34 | $ 0.47 | $ 0.43 | $ 1.28 | $ 1.57 | $ 1.17 |
Derivative Hedging Instrumen124
Derivative Hedging Instruments - Summary of Interest Rate Swap Transactions (Detail) - USD ($) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Net Exposure, Notional Amount | $ 0 | $ 0 |
Derivative Financial Instruments, Assets [Member] | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Net Exposure, Notional Amount | $ 66,227,000 | $ 52,975,000 |
Weighted Average Rate Received/(Paid) | 5.08% | 5.07% |
Net Exposure, Impact of a 1 basis point change in interest rates | $ 36,000 | $ 30,000 |
Repricing Frequency | Monthly | |
Derivative Financial Instruments, Liabilities [Member] | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Net Exposure, Notional Amount | $ (66,227,000) | $ (52,975,000) |
Weighted Average Rate Received/(Paid) | 5.08% | 5.07% |
Net Exposure, Impact of a 1 basis point change in interest rates | $ (36,000) | $ (30,000) |
Repricing Frequency | Monthly |
Qualified Affordable Housing125
Qualified Affordable Housing Project Investments - Additional Information (Detail) - USD ($) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Investments In Affordable Housing Projects [Abstract] | ||
Investments in qualified affordable housing projects included in other assets | $ 3,204,000 | $ 2,754,000 |
Unfunded commitments related to the investments in qualified affordable housing projects | 4,510,000 | 2,313,000 |
Recognized amortization expense included in pre-tax income | 354,000 | 304,000 |
Recognized tax credits and other benefits from its investments in affordable housing tax credits | 686,000 | 538,000 |
Impairment losses related to its investment in qualified affordable housing projects | $ 0 | $ 0 |