Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2019 | Nov. 07, 2019 | |
Document And Entity Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q3 | |
Entity Registrant Name | CIVISTA BANCSHARES, INC. | |
Entity Central Index Key | 0000944745 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Common Stock, Shares Outstanding | 15,479,257 | |
Entity Current Reporting Status | Yes | |
Entity Shell Company | false | |
Entity File Number | 001-36192 | |
Entity Tax Identification Number | 34-1558688 | |
Entity Incorporation, State or Country Code | OH | |
Entity Address, Address Line One | 100 East Water Street | |
Entity Address, City or Town | Sandusky | |
Entity Address, State or Province | OH | |
Entity Address, Postal Zip Code | 44870 | |
City Area Code | 419 | |
Local Phone Number | 625-4121 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity Interactive Data Current | Yes | |
Common [Member] | ||
Document And Entity Information [Line Items] | ||
Title of each class | Common | |
Trading Symbol | CIVB | |
Name of each exchange on which registered | NASDAQ | |
Preferred [Member] | ||
Document And Entity Information [Line Items] | ||
Title of each class | Preferred | |
Trading Symbol | CIVBP | |
Name of each exchange on which registered | NASDAQ |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
ASSETS | ||
Cash and due from financial institutions | $ 62,219 | $ 42,779 |
Securities available for sale | 355,287 | 346,294 |
Equity securities | 1,152 | 1,070 |
Loans held for sale | 8,983 | 1,391 |
Loans, net of allowance of $14,144 and $13,679 | 1,634,496 | 1,548,262 |
Other securities | 20,280 | 21,021 |
Premises and equipment, net | 22,201 | 22,021 |
Accrued interest receivable | 7,501 | 6,723 |
Goodwill | 76,851 | 76,851 |
Other intangible assets | 8,610 | 9,352 |
Bank owned life insurance | 44,745 | 43,037 |
Other assets | 26,740 | 20,153 |
Total assets | 2,269,065 | 2,138,954 |
Deposits | ||
Noninterest-bearing | 497,244 | 468,083 |
Interest-bearing | 1,135,377 | 1,111,810 |
Total deposits | 1,632,621 | 1,579,893 |
Short-term Federal Home Loan Bank advances | 181,100 | 188,600 |
Securities sold under agreements to repurchase | 15,088 | 22,199 |
Other borrowings | 55,000 | 5,000 |
Subordinated debentures | 29,427 | 29,427 |
Accrued expenses and other liabilities | 26,566 | 14,937 |
Total liabilities | 1,939,802 | 1,840,056 |
SHAREHOLDERS’ EQUITY | ||
Preferred shares, no par value, 200,000 shares authorized, Series B Preferred shares, $1,000 liquidation preference, 9,898 shares issued at September 30, 2019 and 10,120 shares issued at December 31, 2018, net of issuance costs | 9,158 | 9,364 |
Common shares, no par value, 20,000,000 shares authorized, 16,409,439 shares issued at September 30, 2019 and 16,351,463 shares issued at December 31, 2018 | 267,559 | 266,901 |
Retained earnings | 62,023 | 41,320 |
Treasury shares, 936,164 common shares at September 30, 2019 and 747,964 common shares at December 31, 2018, at cost | (21,144) | (17,235) |
Accumulated other comprehensive income (loss) | 11,667 | (1,452) |
Total shareholders’ equity | 329,263 | 298,898 |
Total liabilities and shareholders’ equity | $ 2,269,065 | $ 2,138,954 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Statement Of Financial Position [Abstract] | ||
Allowance for loan losses | $ 14,144 | $ 13,679 |
Preferred shares, no par value | ||
Preferred shares, shares authorized | 200,000 | 200,000 |
Preferred shares, liquidation preference | $ 1,000 | $ 1,000 |
Preferred shares, shares issued | 9,898 | 10,120 |
Common shares, no par value | ||
Common shares, shares authorized | 20,000,000 | 20,000,000 |
Common shares, shares issued | 16,409,439 | 16,351,463 |
Treasury shares, common shares | 936,164 | 747,964 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Interest and dividend income | ||||
Loans, including fees | $ 20,776 | $ 15,833 | $ 63,395 | $ 43,615 |
Taxable securities | 1,712 | 1,042 | 5,155 | 3,069 |
Tax-exempt securities | 1,449 | 908 | 4,208 | 2,672 |
Federal funds sold and other | 86 | 103 | 775 | 614 |
Total interest and dividend income | 24,023 | 17,886 | 73,533 | 49,970 |
Interest expense | ||||
Deposits | 2,099 | 783 | 5,966 | 2,060 |
Federal Home Loan Bank advances | 1,152 | 925 | 2,581 | 1,560 |
Subordinated debentures | 350 | 349 | 1,094 | 975 |
Securities sold under agreements to repurchase and other | 4 | 5 | 14 | 13 |
Total interest expense | 3,605 | 2,062 | 9,655 | 4,608 |
Net interest income | 20,418 | 15,824 | 63,878 | 45,362 |
Provision for loan losses | 150 | 390 | 150 | 390 |
Net interest income after provision for loan losses | 20,268 | 15,434 | 63,728 | 44,972 |
Noninterest income | ||||
Service charges | 1,726 | 1,219 | 4,733 | 3,712 |
Net gain (loss) on sale of securities | 3 | (392) | 17 | (386) |
Net gain on equity securities | 112 | 27 | 81 | 102 |
Net gain on sale of loans | 815 | 428 | 1,701 | 1,235 |
ATM/Interchange fees | 1,014 | 622 | 2,871 | 1,764 |
Wealth management fees | 975 | 873 | 2,733 | 2,561 |
Bank owned life insurance | 254 | 147 | 753 | 432 |
Tax refund processing fees | 2,750 | 2,750 | ||
Other | 530 | 364 | 1,177 | 1,123 |
Total noninterest income | 5,429 | 3,288 | 16,816 | 13,293 |
Noninterest expense | ||||
Compensation expense | 9,707 | 12,054 | 29,059 | 26,812 |
Net occupancy expense | 902 | 751 | 2,906 | 2,375 |
Equipment expense | 561 | 371 | 1,504 | 1,069 |
Contracted data processing | 435 | 3,150 | 1,301 | 6,237 |
FDIC assessment | (1) | 121 | 297 | 388 |
State franchise tax | 499 | 351 | 1,398 | 1,031 |
Professional services | 756 | 2,198 | 2,151 | 4,233 |
Amortization of intangible assets | 235 | 26 | 710 | 85 |
ATM/Interchange expense | 514 | 286 | 1,437 | 712 |
Marketing | 404 | 350 | 1,111 | 988 |
Other operating expenses | 2,719 | 2,498 | 7,944 | 6,358 |
Total noninterest expense | 16,731 | 22,156 | 49,818 | 50,288 |
Income (loss) before taxes | 8,966 | (3,434) | 30,726 | 7,977 |
Income tax expense (benefit) | 1,258 | (1) | 4,688 | 1,407 |
Net Income (loss) | 7,708 | (3,433) | 26,038 | 6,570 |
Preferred stock dividends | 162 | 192 | 490 | 794 |
Net income (loss) available to common shareholders | $ 7,546 | $ (3,625) | $ 25,548 | $ 5,776 |
Earnings (loss) per common share, basic | $ 0.48 | $ (0.31) | $ 1.64 | $ 0.54 |
Earnings (loss) per common share, diluted | $ 0.46 | $ (0.31) | $ 1.54 | $ 0.51 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Statement Of Income And Comprehensive Income [Abstract] | ||||
Net income (loss) | $ 7,708 | $ (3,433) | $ 26,038 | $ 6,570 |
Other comprehensive income (loss), net of reclassification adjustment: | ||||
Unrealized holding gains (losses) on available for sale securities | 3,724 | (935) | 16,164 | (4,833) |
Tax effect | (782) | 197 | (3,393) | 1,015 |
Pension liability adjustment | 147 | 143 | 441 | 429 |
Tax effect | (31) | (30) | (93) | (90) |
Total other comprehensive income (loss) | 3,058 | (625) | 13,119 | (3,479) |
Comprehensive income (loss) | $ 10,766 | $ (4,058) | $ 39,157 | $ 3,091 |
Condensed Consolidated Statemen
Condensed Consolidated Statement of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Total | Preferred Stock [Member] | Common Stock [Member] | Retained Earnings [Member] | Treasury Shares [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
Beginning balance at Dec. 31, 2017 | $ 184,461 | $ 17,358 | $ 153,810 | $ 31,652 | $ (17,235) | $ (1,124) |
Beginning balance, shares at Dec. 31, 2017 | 18,760 | 10,198,475 | ||||
Change in accounting principle for adoption of ASU 2016-01 | 278 | (278) | ||||
Net Income (Loss) | 6,570 | 6,570 | ||||
Other comprehensive income (loss) | (3,479) | (3,479) | ||||
Conversion of Series B preferred shares to common shares | $ (6,480) | $ 6,480 | ||||
Conversion of Series B preferred shares to common shares, shares | (7,004) | 895,578 | ||||
UCB acquisition | 104,669 | $ 104,669 | ||||
UCB acquisition, shares | 4,277,430 | |||||
Stock-based compensation | 365 | $ 365 | ||||
Stock-based compensation, shares | 23,581 | |||||
Common stock dividends($0.11,$0.09,$0.31 and $0.23 per share for three and nine months ended September 30 2019 and 2018 ) | (2,404) | (2,404) | ||||
Preferred stock dividends($16.25,$16.25,$48.75 and $48.75 per share for three and nine months ended September 30 2019 and 2018) | (794) | (794) | ||||
Ending balance at Sep. 30, 2018 | 289,388 | $ 10,878 | $ 265,324 | 35,302 | (17,235) | (4,881) |
Ending balance, shares at Sep. 30, 2018 | 11,756 | 15,395,064 | ||||
Beginning balance at Jun. 30, 2018 | 189,848 | $ 13,250 | $ 158,191 | 39,898 | (17,235) | (4,256) |
Beginning balance, shares at Jun. 30, 2018 | 14,320 | 10,788,892 | ||||
Net Income (Loss) | (3,433) | (3,433) | ||||
Other comprehensive income (loss) | (625) | (625) | ||||
Conversion of Series B preferred shares to common shares | $ (2,372) | $ 2,372 | ||||
Conversion of Series B preferred shares to common shares, shares | (2,564) | 327,875 | ||||
UCB acquisition | 104,669 | $ 104,669 | ||||
UCB acquisition, shares | 4,277,430 | |||||
Stock-based compensation | 92 | $ 92 | ||||
Stock-based compensation, shares | 867 | |||||
Common stock dividends($0.11,$0.09,$0.31 and $0.23 per share for three and nine months ended September 30 2019 and 2018 ) | (971) | (971) | ||||
Preferred stock dividends($16.25,$16.25,$48.75 and $48.75 per share for three and nine months ended September 30 2019 and 2018) | (192) | (192) | ||||
Ending balance at Sep. 30, 2018 | 289,388 | $ 10,878 | $ 265,324 | 35,302 | (17,235) | (4,881) |
Ending balance, shares at Sep. 30, 2018 | 11,756 | 15,395,064 | ||||
Beginning balance at Dec. 31, 2018 | 298,898 | $ 9,364 | $ 266,901 | 41,320 | (17,235) | (1,452) |
Beginning balance, shares at Dec. 31, 2018 | 10,120 | 15,603,499 | ||||
Net Income (Loss) | 26,038 | 26,038 | ||||
Other comprehensive income (loss) | 13,119 | 13,119 | ||||
Conversion of Series B preferred shares to common shares | $ (206) | $ 206 | ||||
Conversion of Series B preferred shares to common shares, shares | (222) | 28,416 | ||||
Stock-based compensation | 452 | $ 452 | ||||
Stock-based compensation, shares | 29,560 | |||||
Common stock dividends($0.11,$0.09,$0.31 and $0.23 per share for three and nine months ended September 30 2019 and 2018 ) | (4,845) | (4,845) | ||||
Preferred stock dividends($16.25,$16.25,$48.75 and $48.75 per share for three and nine months ended September 30 2019 and 2018) | (490) | (490) | ||||
Purchase of treasury stock | (3,909) | (3,909) | ||||
Purchase of treasury stock, shares | (188,200) | |||||
Ending balance at Sep. 30, 2019 | 329,263 | $ 9,158 | $ 267,559 | 62,023 | (21,144) | 11,667 |
Ending balance, shares at Sep. 30, 2019 | 9,898 | 15,473,275 | ||||
Beginning balance at Jun. 30, 2019 | 324,212 | $ 9,364 | $ 267,275 | 56,199 | (17,235) | 8,609 |
Beginning balance, shares at Jun. 30, 2019 | 10,120 | 15,633,059 | ||||
Net Income (Loss) | 7,708 | 7,708 | ||||
Other comprehensive income (loss) | 3,058 | 3,058 | ||||
Conversion of Series B preferred shares to common shares | $ (206) | $ 206 | ||||
Conversion of Series B preferred shares to common shares, shares | (222) | 28,416 | ||||
Stock-based compensation | 78 | $ 78 | ||||
Common stock dividends($0.11,$0.09,$0.31 and $0.23 per share for three and nine months ended September 30 2019 and 2018 ) | (1,722) | (1,722) | ||||
Preferred stock dividends($16.25,$16.25,$48.75 and $48.75 per share for three and nine months ended September 30 2019 and 2018) | (162) | (162) | ||||
Purchase of treasury stock | (3,909) | (3,909) | ||||
Purchase of treasury stock, shares | (188,200) | |||||
Ending balance at Sep. 30, 2019 | $ 329,263 | $ 9,158 | $ 267,559 | $ 62,023 | $ (21,144) | $ 11,667 |
Ending balance, shares at Sep. 30, 2019 | 9,898 | 15,473,275 |
Condensed Consolidated Statem_2
Condensed Consolidated Statement of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - Retained Earnings [Member] - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Common stock dividends per share | $ 0.11 | $ 0.09 | $ 0.31 | $ 0.23 |
Preferred stock dividends per share | $ 16.25 | $ 16.25 | $ 48.75 | $ 48.75 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Statement Of Cash Flows [Abstract] | ||
Net cash from operating activities | $ 22,522 | $ 19,488 |
Cash flows used for investing activities: | ||
Maturities and calls of securities, available-for-sale | 37,688 | 22,417 |
Purchases of securities, available-for-sale | (48,178) | (84,121) |
Sale of securities available for sale | 16,829 | 12,063 |
Redemption of other securities | 741 | |
Purchase of bank owned life insurance | (955) | |
Net loan originations | (86,351) | (52,807) |
Proceeds from sale of other real estate owned properties | 34 | |
Proceeds from sale of premises and equipment | 238 | |
Acquisition, net of cash acquired | 143,797 | |
Premises and equipment purchases | (1,729) | (524) |
Net cash (used for) provided by investing activities | (81,955) | 41,097 |
Cash flows from financing activities: | ||
Repayment of long-term FHLB advances | (10,000) | |
Proceeds from long-term FHLB advances | 50,000 | |
Net change in short-term FHLB advances | (7,500) | 83,200 |
Increase (decrease) in deposits | 52,728 | (103,112) |
Decrease in securities sold under repurchase agreements | (7,111) | (3,240) |
Purchase of treasury shares | (3,909) | |
Common dividends paid | (4,845) | (2,404) |
Preferred dividends paid | (490) | (794) |
Net cash provided by (used for) financing activities | 78,873 | (36,350) |
Increase in cash and due from financial institutions | 19,440 | 24,235 |
Cash and due from financial institutions at beginning of period | 42,779 | 40,519 |
Cash and due from financial institutions at end of period | 62,219 | 64,754 |
Cash paid during the period for: | ||
Interest | 9,614 | 4,835 |
Income taxes | 3,700 | 1,600 |
Supplemental cash flow information: | ||
Transfer of premises to held-for-sale | 76 | |
Transfer of loans held for sale to portfolio | 85 | |
Conversion of preferred shares to common shares | 206 | 6,480 |
Securities purchased not settled | 12,707 | |
Increase in right-of-use asset on leases | (2,367) | |
Increase in lease liability | $ 2,367 | |
Acquisition of UCB | ||
Consideration paid | 117,344 | |
Noncash assets acquired: | ||
Securities available for sale | 43,214 | |
Equity securities | 212 | |
Loans held for sale | 492 | |
Loans receivable | 298,319 | |
FHLB Stock | 3,527 | |
Accrued interest receivable | 950 | |
Premises and equipment, net | 5,291 | |
Goodwill | 49,221 | |
Core deposit intangible | 7,518 | |
Bank owned life insurance | 17,193 | |
Other assets | 10,896 | |
Total non cash assets acquired | 436,833 | |
Liabilities assumed: | ||
Deposits | 475,944 | |
Other liabilities | 17 | |
Total liabilities assumed | 475,961 | |
Net noncash assets acquired | (39,128) | |
Cash acquired | $ 156,472 |
Consolidated Financial Statemen
Consolidated Financial Statements | 9 Months Ended |
Sep. 30, 2019 | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | |
Consolidated Financial Statements | (1) Consolidated Financial Statements Nature of Operations and Principles of Consolidation The Consolidated Financial Statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the Company’s financial position as of September 30, 2019 and its results of operations and changes in cash flows for the periods ended September 30, 2019 and 2018 have been made. The accompanying Consolidated Financial Statements have been prepared in accordance with instructions of Form 10-Q, and therefore certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America have been omitted. The results of operations for the periods ended September 30, 2019 are not necessarily indicative of the operating results for the full year. Reference is made to the accounting policies of the Company described in the notes to the audited financial statements contained in the Company’s 2018 annual report. The Company has consistently followed these policies in preparing this Form 10-Q. The Company provides financial services through its offices in the Ohio counties of Erie, Crawford, Champaign, Franklin, Logan, Madison, Summit, Huron, Ottawa, Richland, Montgomery and Cuyahoga, in the Indiana counties of Dearborn and Ripley and in the Kentucky county of Kenton. 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. Civista has two concentrations, one is to Lessors of Non-Residential Buildings and Dwellings totaling $427,503, or 25.8% of total loans, as of September 30, 2019, and the other is to Lessors of Residential Buildings and Dwellings totaling $166,199, or 10.0% of total loans, as of September 30, 2019. These segments of the portfolio are stable and have been conservatively underwritten, monitored and managed by experienced commercial bankers. However, the customers’ ability to repay their loans is dependent on the real estate market and general economic conditions in the area. Other financial instruments that potentially represent concentrations of credit risk include deposit accounts in other financial institutions that are in excess of federally insured limits. |
Significant Accounting Policies
Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2019 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies | (2) Significant Accounting Policies Allowance for Loan Losses: The allowance for loan losses is regularly reviewed by management to determine that the amount is considered adequate to absorb probable losses in the loan portfolio. If not, an additional provision is made to increase the allowance. This evaluation includes specific loss estimates on certain individually reviewed impaired loans, the pooling of commercial credits risk graded as special mention and substandard that are not individually analyzed, and general loss estimates that are based upon the size, quality, and concentration characteristics of the various loan portfolios, adverse situations that may affect a borrower’s ability to repay, and current economic and industry conditions, among other items. Those judgments and assumptions that are most critical to the application of this accounting policy are assessing the initial and on-going credit-worthiness of the borrower, the amount and timing of future cash flows of the borrower that are available for repayment of the loan, the sufficiency of underlying collateral, the enforceability of third-party guarantees, the frequency and subjectivity of loan reviews and risk ratings, emerging or changing trends that might not be fully captured in the historical loss experience, and charges against the allowance for actual losses that are greater than previously estimated. These judgments and assumptions are dependent upon or can be influenced by a variety of factors, including the breadth and depth of experience of lending officers, credit administration and the corporate loan review staff that periodically review the status of the loan, changing economic and industry conditions, changes in the financial condition of the borrower and changes in the value and availability of the underlying collateral and guarantees. Use of Estimates Income Taxes Business Combinations: Reclassifications: Derivative Instruments and Hedging Activities Derivatives and Hedging Change in Accounting Principals: In March 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20). Adoption of New Accounting Standards: Effective January 1, 2019, the Company adopted FASB ASU 2016-02, Leases Targeted Improvements to ASC 842 Leases Additional information and disclosures required by this new standard are contained in Note 17, 'Leases' Effect of Newly Issued but Not Yet Effective Accounting Standards: In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments Financial Instruments – Credit Losses In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment Intangibles – Goodwill and Other In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes the Disclosure Requirements for Fair Value Measurements In October, 2018, the FASB issued ASU 2018-17, Consolidation (Topic 810) In November, 2018, the FASB issued ASU 2018-18, Collaborative Arrangements (Topic 808) For public business entities, such as the Company, the amendments in this Update are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, and Topic 825, Financial Instruments, Topic 326, Financial Instruments – Credit Losses The Company is currently evaluating the potential impact of the Topic 326 amendments on the Company’s Consolidated Financial Statements. The amendments to Topic 825 are effective for interim and annual reporting periods beginning after December 15, 2019. Financial Instruments – Credit Losses This Update is not expected to have a material impact on the Company’s financial statements. In May 2019, the FASB issued ASU 2019-05, Financial Instruments – Credit Losses, Topic 326 Financial Instruments – Credit Losses |
Securities
Securities | 9 Months Ended |
Sep. 30, 2019 | |
Investments Debt And Equity Securities [Abstract] | |
Securities | (3) Securities The amortized cost and fair market value of available for sale securities and the related gross unrealized gains and losses recognized were as follows: September 30, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury securities and obligations of U.S. government agencies $ 21,534 $ 216 $ (13 ) $ 21,737 Obligations of states and political subdivisions 179,954 14,314 (13 ) 194,255 Mortgage-backed securities in government sponsored entities 134,664 4,739 (108 ) 139,295 Total debt securities $ 336,152 $ 19,269 $ (134 ) $ 355,287 December 31, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury securities and obligations of U.S. government agencies $ 30,623 $ 202 $ (140 ) $ 30,685 Obligations of states and political subdivisions 168,993 3,680 (602 ) 172,071 Mortgage-backed securities in government sponsored entities 143,707 1,024 (1,193 ) 143,538 Total debt securities $ 343,323 $ 4,906 $ (1,935 ) $ 346,294 The amortized cost and fair value of securities at September 30, 2019, by contractual maturity, is shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. 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 $ 10,142 $ 10,134 Due after one year through five years 16,274 16,558 Due after five years through ten years 21,766 23,229 Due after ten years 153,306 166,071 Mortgage-backed securities 134,664 139,295 Total securities available for sale $ 336,152 $ 355,287 Proceeds from sales of securities, gross realized gains and gross realized losses were as follows: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Sale proceeds $ — $ 12,063 $ 16,829 $ 12,063 Gross realized gains — — 47 — Gross realized losses — 392 43 392 Gains from securities called or settled by the issuer 3 6 13 6 Securities were pledged to secure public deposits, other deposits and liabilities as required by law. The carrying value of pledged securities was approximately $143,361 and $114,145 as of September 30, 2019 and December 31, 2018, respectively. Securities with unrealized losses at September 30, 2019 and December 31, 2018 not recognized in income are as follows: September 30, 2019 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 $ — $ — $ 3,430 $ (13 ) $ 3,430 $ (13 ) Obligations of states and political subdivisions 957 (12 ) 1,005 (1 ) 1,962 (13 ) Mortgage-backed securities in gov’t sponsored entities 4,866 (33 ) 12,884 (75 ) 17,750 (108 ) Total temporarily impaired $ 5,823 $ (45 ) $ 17,319 $ (89 ) $ 23,142 $ (134 ) December 31, 2018 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 $ — $ — $ 16,469 $ (140 ) $ 16,469 $ (140 ) Obligations of states and political subdivisions 8,008 (71 ) 25,890 (531 ) 33,898 (602 ) Mortgage-backed securities in gov’t sponsored entities 6,630 (90 ) 40,333 (1,103 ) 46,963 (1,193 ) Total temporarily impaired $ 14,638 $ (161 ) $ 82,692 $ (1,774 ) $ 97,330 $ (1,935 ) At September 30, 2019, there were a total of 33 securities in the portfolio with unrealized losses mainly due to higher current market rates when compared to the time of purchase. Unrealized losses on securities have not been recognized into income because the issuers’ securities 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 market yields increasing. 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. The following table presents the net gains and losses on equity investments recognized in earnings for the three and nine months ended September 30, 2019 and 2018, and the portion of unrealized gains and losses for the period that relates to equity investments held at September 30, 2019 and 2018: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Net gains recognized on equity securities during the period $ 112 $ 27 $ 81 $ 102 Less: Net gains (losses) realized on the sale of equity securities during the period — — — — Unrealized gains recognized in equity securities held at reporting date $ 112 $ 27 $ 81 $ 102 |
Loans
Loans | 9 Months Ended |
Sep. 30, 2019 | |
Receivables [Abstract] | |
Loans | (4) Loans Loan balances were as follows: September 30, 2019 December 31, 2018 Commercial & Agriculture $ 196,833 $ 177,101 Commercial Real Estate- Owner Occupied 226,501 210,121 Commercial Real Estate- Non-Owner Occupied 558,804 523,598 Residential Real Estate 465,455 457,850 Real Estate Construction 149,018 135,195 Farm Real Estate 36,286 38,513 Consumer and Other 15,743 19,563 Total loans 1,648,640 1,561,941 Allowance for loan losses (14,144 ) (13,679 ) Net loans $ 1,634,496 $ 1,548,262 Included in total loans above are net deferred loan fees of $356 and $389 at September 30, 2019 and December 31, 2018, respectively. |
Allowance for Loan Losses
Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2019 | |
Text Block [Abstract] | |
Allowance for Loan Losses | (5) Allowance for Loan Losses Management has an established methodology for determining 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. 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 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 balance sheet date. The Company considers the allowance for loan losses of $14,144 adequate to cover loan losses inherent in the loan portfolio, at September 30, 2019. The following tables present, by portfolio segment, the changes in the allowance for loan losses for the three and nine months ended September 30, 2019 and 2018. Allowance for loan losses: For the three months ended September 30, 2019 Beginning Charge-offs Recoveries Provision Ending Balance Commercial & Agriculture $ 1,828 $ — $ 61 $ 43 $ 1,932 Commercial Real Estate: Owner Occupied 2,009 — 43 85 2,137 Non-Owner Occupied 5,867 — 55 226 6,148 Residential Real Estate 1,698 (20 ) 67 (136 ) 1,609 Real Estate Construction 1,135 — 1 47 1,183 Farm Real Estate 365 — 1 1 367 Consumer and Other 201 (16 ) 16 52 253 Unallocated 683 — — (168 ) 515 Total $ 13,786 $ (36 ) $ 244 $ 150 $ 14,144 For the three months ended September 30, 2019, the allowance for Commercial & Agriculture loans increased due to an increase in general reserves required for this type as a result of higher loan balances. The result was represented as an increase in the provision. The allowance for Commercial Real Estate – Owner Occupied loans increased due to an increase in general reserves required for this type as a result of higher loan balances. The result was represented as an increase in the provision. The allowance for Commercial Real Estate – Non-Owner Occupied loans increased due to an increase in general reserves required as a result of an increase in loan balances. This was represented as an increase in the provision. The allowance for Residential Real Estate loans decreased due to 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 general reserves required as a result of an increase in loan balances. The allowance for Consumer and Other loans increased due to an increase in loss rates. The result was represented as an increase 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 at September 30, 2019. Allowance for loan losses: For the three months ended September 30, 2018 Beginning balance Charge-offs Recoveries Provision Ending Balance Commercial & Agriculture $ 1,630 $ — $ 64 $ (63 ) $ 1,631 Commercial Real Estate: Owner Occupied 2,161 — 18 (136 ) 2,043 Non-Owner Occupied 5,135 (76 ) 2 384 5,445 Residential Real Estate 1,691 (12 ) 88 32 1,799 Real Estate Construction 861 — — 120 981 Farm Real Estate 410 — 1 (18 ) 393 Consumer and Other 300 (45 ) 34 26 315 Unallocated 679 — — 45 724 Total $ 12,867 $ (133 ) $ 207 $ 390 $ 13,331 For the three months ended September 30, 2018, the allowance for Commercial & Agriculture loans increased due to amounts recovered on previously charged off loans offset by a decrease in general reserves required for this type 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 decreased due to a decrease in general reserves required for this type as a result of lower loan balances and lower loss rates. The result was represented as a decrease in the provision. 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 and higher loss rates. The allowance for Residential Real Estate loans increased due to the net recoveries recorded during the quarter for this loan type. The allowance for Real Estate Construction loans increased due to an increase in general reserves required as a result of higher loan balances. 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. Allowance for loan losses: For the nine months ended September 30, 2019 Beginning balance Charge-offs Recoveries Provision Ending Balance Commercial & Agriculture $ 1,747 $ (27 ) $ 65 $ 147 $ 1,932 Commercial Real Estate: Owner Occupied 1,962 (60 ) 282 (47 ) 2,137 Non-Owner Occupied 5,803 — 99 246 6,148 Residential Real Estate 1,531 (223 ) 229 72 1,609 Real Estate Construction 1,046 (24 ) 1 160 1,183 Farm Real Estate 397 — 3 (33 ) 367 Consumer and Other 284 (97 ) 67 (1 ) 253 Unallocated 909 — — (394 ) 515 Total $ 13,679 $ (431 ) $ 746 $ 150 $ 14,144 For the nine months ended September 30, 2019, the allowance for Commercial & Agriculture loans increased due to an increase in general reserves required for this type as a result of higher loan balances, offset by a decrease in the loss rates. The result was represented as an increase in the provision. The allowance for Commercial Real Estate –Owner Occupied loans increased due to an increase in general reserves required as a result of higher loan balances and higher loss rates, offset by net recoveries on previously charged off amounts, resulting in a decrease in the provision. The allowance for Commercial Real Estate – Non-Owner Occupied loans increased due to an increase in general reserves required as a result of higher loan balances, offset by a decrease in the loss rates. This was represented as an increase in the provision. The allowance for Residential Real Estate loans increased due to an increase in general reserves required for this type as a result of an increase in loan balances and loss rates, represented by an increase in the provision. The allowance for Real Estate Construction loans increased due to an increase in general reserves required as a result of higher loan balances. The allowance for Farm Real Estate loans was reduced by a decrease in classified loan balances and the reserve required for this type of loan. The result was represented as a decrease in the provision. The allowance for Consumer and Other loans decreased due to a decrease in the general reserves required for the type as a result of a decrease in loan balances and loss rates. 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 at September 30, 2019. Allowance for loan losses: For the nine months ended September 30, 2018 Beginning balance Charge-offs Recoveries Provision Ending Balance Commercial & Agriculture $ 1,562 $ (248 ) $ 168 $ 149 $ 1,631 Commercial Real Estate: Owner Occupied 2,043 (193 ) 148 45 2,043 Non-Owner Occupied 5,307 (121 ) 23 236 5,445 Residential Real Estate 1,910 (74 ) 181 (218 ) 1,799 Real Estate Construction 834 — — 147 981 Farm Real Estate 430 — 4 (41 ) 393 Consumer and Other 290 (148 ) 67 106 315 Unallocated 758 — — (34 ) 724 Total $ 13,134 $ (784 ) $ 591 $ 390 $ 13,331 For the nine months ended September 30, 2018, the allowance for Commercial & Agriculture loans increased due to an increase in general reserves required for this type as a result of higher loan balances and higher loss rates. The result was represented as an increase in the provision. The allowance for Commercial Real Estate – Non-Owner Occupied loans increased due to an increase in general reserves required as a result of higher loan balances. This was represented as an increase 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 general reserves required as a result of higher loan balances. 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. The following tables present, by portfolio segment, the allocation of the allowance for loan losses and related loan balances as of September 30, 2019 and December 31, 2018. September 30, 2019 Loans acquired with credit deterioration Loans individually evaluated for impairment Loans collectively evaluated for impairment Total Allowance for loan losses: Commercial & Agriculture $ — $ — $ 1,932 $ 1,932 Commercial Real Estate: Owner Occupied — 6 2,131 2,137 Non-Owner Occupied — — 6,148 6,148 Residential Real Estate — 98 1,511 1,609 Real Estate Construction — — 1,183 1,183 Farm Real Estate — — 367 367 Consumer and Other — — 253 253 Unallocated — — 515 515 Total $ — $ 104 $ 14,040 $ 14,144 Outstanding loan balances: Commercial & Agriculture $ — $ 367 $ 196,466 $ 196,833 Commercial Real Estate: Owner Occupied — 436 226,065 226,501 Non-Owner Occupied — 376 558,428 558,804 Residential Real Estate 539 1,039 463,877 465,455 Real Estate Construction — — 149,018 149,018 Farm Real Estate — 681 35,605 36,286 Consumer and Other — — 15,743 15,743 Total $ 539 $ 2,899 $ 1,645,202 $ 1,648,640 December 31, 2018 Loans acquired with credit deterioration Loans individually evaluated for impairment Loans collectively evaluated for impairment Total Allowance for loan losses: Commercial & Agriculture $ — $ — $ 1,747 $ 1,747 Commercial Real Estate: Owner Occupied — 12 1,950 1,962 Non-Owner Occupied — — 5,803 5,803 Residential Real Estate 8 122 1,401 1,531 Real Estate Construction — — 1,046 1,046 Farm Real Estate — 7 390 397 Consumer and Other — — 284 284 Unallocated — — 909 909 Total $ 8 $ 141 $ 13,530 $ 13,679 Outstanding loan balances: Commercial & Agriculture $ 41 $ 367 $ 176,693 $ 177,101 Commercial Real Estate: Owner Occupied — 484 209,637 210,121 Non-Owner Occupied — 31 523,567 523,598 Residential Real Estate 883 1,279 455,688 457,850 Real Estate Construction — — 135,195 135,195 Farm Real Estate — 696 37,817 38,513 Consumer and Other — — 19,563 19,563 Total $ 924 $ 2,857 $ 1,558,160 $ 1,561,941 The following tables present credit exposures by internally assigned risk grades as of September 30, 2019 and December 31, 2018. 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 grading system is based on experiences with similarly graded loans. The Company’s internally assigned risk grades are as follows: • Pass • Special Mention • Substandard • Doubtful • Loss 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. Only those loans that have been risk rated are included below. September 30, 2019 Pass Special Mention Substandard Doubtful Ending Balance Commercial & Agriculture $ 193,224 $ 738 $ 2,871 $ — $ 196,833 Commercial Real Estate: Owner Occupied 217,643 3,759 5,099 — 226,501 Non-Owner Occupied 555,893 2,258 653 — 558,804 Residential Real Estate 71,298 651 6,278 — 78,227 Real Estate Construction 138,221 — 10 — 138,231 Farm Real Estate 32,920 579 2,787 — 36,286 Consumer and Other 897 — 20 — 917 Total $ 1,210,096 $ 7,985 $ 17,718 $ — $ 1,235,799 December 31, 2018 Pass Special Mention Substandard Doubtful Ending Balance Commercial & Agriculture $ 173,783 $ 1,509 $ 1,809 $ — $ 177,101 Commercial Real Estate: Owner Occupied 201,228 3,512 5,381 — 210,121 Non-Owner Occupied 520,487 2,023 1,088 — 523,598 Residential Real Estate 70,908 580 7,363 — 78,851 Real Estate Construction 124,769 13 41 — 124,823 Farm Real Estate 32,908 3,096 2,509 — 38,513 Consumer and Other 1,713 — 20 — 1,733 Total $ 1,125,796 $ 10,733 $ 18,211 $ — $ 1,154,740 The following tables present performing and nonperforming loans based solely on payment activity for the periods ended September 30, 2019 and December 31, 2018 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 and if management determines 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. September 30, 2019 Residential Real Estate Real Estate Construction Consumer and Other Total Performing $ 387,228 $ 10,787 $ 14,792 $ 412,807 Nonperforming — — 34 34 Total $ 387,228 $ 10,787 $ 14,826 $ 412,841 December 31, 2018 Residential Real Estate Real Estate Construction Consumer and Other Total Performing $ 378,999 $ 10,372 $ 17,830 $ 407,201 Nonperforming — — — — Total $ 378,999 $ 10,372 $ 17,830 $ 407,201 The following tables include an aging analysis of the recorded investment of past due loans outstanding as of September 30, 2019 and December 31, 2018. September 30, 2019 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 $ 531 $ 56 $ 99 $ 686 $ 196,147 $ — $ 196,833 $ — Commercial Real Estate: Owner Occupied 206 — 774 980 225,521 — 226,501 — Non-Owner Occupied 248 — 9 257 558,547 — 558,804 — Residential Real Estate 367 234 1,307 1,908 463,008 539 465,455 — Real Estate Construction 84 — — 84 148,934 — 149,018 — Farm Real Estate 122 — 9 131 36,155 — 36,286 — Consumer and Other 76 6 34 116 15,627 — 15,743 17 Total $ 1,634 $ 296 $ 2,232 $ 4,162 $ 1,643,939 $ 539 $ 1,648,640 $ 17 December 31, 2018 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 $ 225 $ — $ 92 $ 317 $ 176,743 $ 41 $ 177,101 $ — Commercial Real Estate: Owner Occupied 547 413 564 1,524 208,597 — 210,121 — Non-Owner Occupied 288 290 372 950 522,648 — 523,598 — Residential Real Estate 7,118 677 806 8,601 448,366 883 457,850 — Real Estate Construction — 12 27 39 135,156 — 135,195 — Farm Real Estate 33 — 158 191 38,322 — 38,513 — Consumer and Other 117 57 9 183 19,380 — 19,563 — Total $ 8,328 $ 1,449 $ 2,028 $ 11,805 $ 1,549,212 $ 924 $ 1,561,941 $ — The following table presents loans on nonaccrual status, excluding purchased credit-impaired (PCI) loans, as of September 30, 2019 and December 31, 2018. September 30, 2019 December 31, 2018 Commercial & Agriculture $ 238 $ 270 Commercial Real Estate: Owner Occupied 1,090 942 Non-Owner Occupied 9 374 Residential Real Estate 3,958 3,886 Real Estate Construction 10 41 Farm Real Estate 299 338 Consumer and Other 17 18 Total $ 5,621 $ 5,869 Nonaccrual Loans: 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 fair value of the collateral, less any selling costs, if the loan is collateral dependent. Management exercises significant judgment in developing these estimates. As of September 30, 2019, TDRs accounted for $104 of the allowance for loan losses. As of December 31, 2018, TDRs accounted for $143 of the allowance for loan losses. Loan modifications that are considered TDRs completed during the periods ended September 30, 2019 and September 30, 2018 were as follows: For the Three-Month Period Ended September 30, 2019 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial & Agriculture — $ — $ — Commercial Real Estate—Owner Occupied — — — Commercial Real Estate—Non-Owner Occupied — — — Residential Real Estate — — — Real Estate Construction — — — Farm Real Estate — — — Consumer and Other — — — Total Loan Modifications — $ — $ — For the Three-Month Period Ended September 30, 2018 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial & Agriculture — $ — $ — Commercial Real Estate—Owner Occupied — — — Commercial Real Estate—Non-Owner Occupied — — — Residential Real Estate 1 23 23 Real Estate Construction — — — Farm Real Estate 1 110 110 Consumer and Other — — — Total Loan Modifications 2 $ 133 $ 133 For the Nine-Month Period Ended September 30, 2019 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial & Agriculture — $ — $ — Commercial Real Estate—Owner Occupied — — — Commercial Real Estate—Non-Owner Occupied 1 382 382 Residential Real Estate — — — Real Estate Construction — — — Farm Real Estate — — — Consumer and Other — — — Total Loan Modifications 1 $ 382 $ 382 For the Nine-Month Period Ended September 30, 2018 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial & Agriculture — $ — $ — Commercial Real Estate—Owner Occupied — — — Commercial Real Estate—Non-Owner Occupied — — — Residential Real Estate 1 23 23 Real Estate Construction — — — Farm Real Estate 1 110 110 Consumer and Other — — — Total Loan Modifications 2 $ 133 $ 133 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 origination loans, so modified loans present a higher risk of loss than do new origination loans. During both the three- and nine-month periods ended September 30, 2019 and September 30, 2018, there were no defaults on loans that were modified and considered TDRs during the respective previous twelve months. Impaired Loans: The following table includes the recorded investment and unpaid principal balances for impaired loans, excluding PCI loans, with the associated allowance amount, if applicable, as of September 30, 2019 and December 31, 2018. September 30, 2019 December 31, 2018 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial & Agriculture $ 367 $ 367 $ 367 $ 367 Commercial Real Estate: Owner Occupied 175 175 193 193 Non-Owner Occupied 376 376 31 34 Residential Real Estate 794 866 1,017 1,089 Farm Real Estate 681 681 256 256 Total 2,393 2,465 1,864 1,939 With an allowance recorded: Commercial Real Estate: Owner Occupied 261 261 $ 6 291 291 $ 12 Residential Real Estate 245 249 98 262 265 122 Farm Real Estate — — — 440 440 7 Total 506 510 104 993 996 141 Total: Commercial & Agriculture 367 367 — 367 367 — Commercial Real Estate: Owner Occupied 436 436 6 484 484 12 Non-Owner Occupied 376 376 — 31 34 — Residential Real Estate 1,039 1,115 98 1,279 1,354 122 Farm Real Estate 681 681 — 696 696 7 Total $ 2,899 $ 2,975 $ 104 $ 2,857 $ 2,935 $ 141 The following table includes the average recorded investment and interest income recognized for impaired financing receivables for the three-and nine-month periods ended September 30, 2019 and 2018. September 30, 2019 September 30, 2018 For the three months ended Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial & Agriculture $ 367 $ 12 $ 675 $ 6 Commercial Real Estate—Owner Occupied 448 8 511 9 Commercial Real Estate—Non-Owner Occupied 378 6 38 1 Residential Real Estate 1,083 14 1,811 17 Farm Real Estate 681 7 742 7 Total $ 2,957 $ 47 $ 3,777 $ 40 September 30, 2019 September 30, 2018 For the nine months ended Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial & Agriculture $ 367 $ 24 $ 704 $ 19 Commercial Real Estate—Owner Occupied 463 25 641 26 Commercial Real Estate—Non-Owner Occupied 292 15 41 4 Residential Real Estate 1,148 45 1,580 51 Farm Real Estate 687 22 721 22 Total $ 2,957 $ 131 $ 3,687 $ 122 Changes in the amortizable yield for PCI loans were as follows, since acquisition: For the Three-Month Period Ended September 30, 2019 For the Three-Month Period Ended September 30, 2018 (In Thousands) (In Thousands) Balance at beginning of period $ 259 $ 6 Acquisition of PCI loans — 334 Accretion (3 ) (2 ) Balance at end of period $ 256 $ 338 For the Nine-Month Period Ended September 30, 2019 For the Nine-Month Period Ended September 30, 2018 (In Thousands) (In Thousands) Balance at beginning of period $ 336 $ 15 Acquisition of PCI loans — 334 Accretion (80 ) (11 ) Balance at end of period $ 256 $ 338 The following table presents additional information regarding loans acquired and accounted for in accordance with ASC 310-30: At September 30, 2019 At December 31, 2018 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 $ 1,283 $ 1,805 Carrying amount 539 924 There was $0 and $8 in allowance for loan losses recorded for acquired loans with or without specific evidence of deterioration in credit quality as of September 30, 2019 and December 31, 2018, respectively. Foreclosed Assets Held For Sale 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 September 30, 2019 and December 31, 2018, respectively, there were no foreclosed assets included in other assets. As of September 30, 2019 and December 31, 2018, the Company had initiated formal foreclosure procedures on $479 and $311, respectively, of consumer residential mortgages. |
Other Comprehensive Income
Other Comprehensive Income | 9 Months Ended |
Sep. 30, 2019 | |
Equity [Abstract] | |
Other Comprehensive Income | (6) Other Comprehensive Income The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax. For the Three-Month Period Ended For the Three-Month Period Ended September 30, 2019(a) September 30, 2018(a) 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 $ 12,176 $ (3,567 ) $ 8,609 $ (173 ) $ (4,083 ) $ (4,256 ) Other comprehensive income (loss) before reclassifications 2,944 — 2,944 (1,048 ) — (1,048 ) Amounts reclassified from accumulated other comprehensive income (loss) (2 ) 116 114 310 113 423 Net current-period other comprehensive income (loss) 2,942 116 3,058 (738 ) 113 (625 ) Ending balance $ 15,118 $ (3,451 ) $ 11,667 $ (911 ) $ (3,970 ) $ (4,881 ) (a) Amounts in parentheses indicate debits on the Consolidated Balance Sheets. The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss). Amount Reclassified from Accumulated Other Comprehensive Income (Loss) (a) Details about Accumulated Other Comprehensive Income (Loss) Components For the Three months ended September 30, 2019 For the Three months ended September 30, 2018 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains on available-for-sale securities $ 3 $ (392 ) Net gain (loss) on sale of securities Tax effect (1 ) 82 Income tax expense 2 (310 ) Net of tax Amortization of defined benefit pension items Actuarial gains/(losses) (b) (147 ) (143 ) Other operating expenses Tax effect 31 30 Income tax expense (116 ) (113 ) Net of tax Total reclassifications for the period $ (114 ) $ (423 ) Net of tax (a) Amounts in parentheses indicate expenses/losses and other amounts indicate income/benefit. (b) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax. For the Nine-Month Period Ended For the Nine-Month Period Ended September 30, 2019(a) September 30, 2018(a) 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 $ 2,347 $ (3,799 ) $ (1,452 ) $ 3,185 $ (4,309 ) $ (1,124 ) Other comprehensive income (loss) before reclassifications 12,784 — 12,784 (4,123 ) — (4,123 ) Amounts reclassified from accumulated other comprehensive income (loss) (13 ) 348 335 305 339 644 Net current-period other comprehensive income (loss) 12,771 348 13,119 (3,818 ) 339 (3,479 ) Reclassification of equity securities from accumulated other comprehensive loss — — — (278 ) — (278 ) Ending balance $ 15,118 $ (3,451 ) $ 11,667 $ (911 ) $ (3,970 ) $ (4,881 ) (a) Amounts in parentheses indicate debits on the Consolidated Balance Sheets. The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss). Amount Reclassified from Accumulated Other Comprehensive Income (Loss) (a) Details about Accumulated Other Comprehensive Income (Loss) Components For the Nine months ended September 30, 2019 For the Nine months ended September 30, 2018 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains on available-for-sale securities $ 17 $ (386 ) Net gain (loss) on sale of securities Tax effect (4 ) 81 Income tax expense 13 (305 ) Net of tax Amortization of defined benefit pension items Actuarial gains/(losses) (b) (441 ) (429 ) Other operating expenses Tax effect 93 90 Income tax expense (348 ) (339 ) Net of tax Total reclassifications for the period $ (335 ) $ (644 ) Net of tax (a) Amounts in parentheses indicate expenses/losses and other amounts indicate income/benefit. (b) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. |
Goodwill and Intangible Assets
Goodwill and Intangible Assets | 9 Months Ended |
Sep. 30, 2019 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Goodwill and Intangible Assets | (7) Goodwill and Intangible Assets There was no change in the carrying amount of goodwill of $76,851 for the periods ended September 30, 2019 and December 31, 2018. Goodwill is not amortized and, instead, management performs an evaluation of goodwill for impairment annually, or more frequently if events or changes in circumstances indicate that the asset might be impaired. Management last performed an evaluation of the Company’s goodwill during the fourth quarter of 2018 and concluded that the Company’s goodwill was not impaired at December 31, 2018. Acquired intangible assets, other than goodwill, as of September 30, 2019 and December 31, 2018 were as follows: 2019 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets(1): MSRs $ 2,255 $ 623 $ 1,632 $ 2,110 $ 446 $ 1,664 Core deposit intangibles 14,792 7,814 6,978 14,792 7,104 7,688 Total amortized intangible assets $ 17,047 $ 8,437 $ 8,610 $ 16,902 $ 7,550 $ 9,352 (1) Excludes fully amortized intangible assets Aggregate core deposit intangible amortization expense was $235, $26, $710 and $85 for the three and nine months ended September 30, 2019 and 2018, respectively. Aggregate mortgage servicing rights amortization was $81, $22, $176 and $65 for the three and nine months ended September 30, 2019 and 2018, respectively. Estimated amortization expense for each of the next five years and thereafter is as follows: MSRs Core deposit intangibles Total 2019 $ 22 $ 235 $ 257 2020 87 913 1,000 2021 87 891 978 2022 87 868 955 2023 86 841 927 Thereafter 1,263 3,230 4,493 $ 1,632 $ 6,978 $ 8,610 |
Short-Term Borrowings
Short-Term Borrowings | 9 Months Ended |
Sep. 30, 2019 | |
Debt Disclosure [Abstract] | |
Short-Term Borrowings | (8) Short-Term Borrowings Short-term borrowings, which consist of federal funds purchased and other short-term borrowings, are included in Federal Home Loan Bank advances on the Consolidated Balance Sheets and are summarized as follows: At September 30, 2019 At December 31, 2018 Federal Funds Purchased Short-term Borrowings Federal Funds Purchased Short-term Borrowings Outstanding balance $ — $ 181,100 $ — $ 188,600 Maximum indebtedness — 192,700 20,000 225,300 Average balance — 117,229 116 113,520 Average rate paid — 2.44 % 2.58 % 2.07 % Interest rate on balance — 2.11 % — 2.45 % Average balance during the period represents daily averages. Average rate paid represents 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 September 30, 2019 and December 31, 2018. 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 September 30, 2019 and December 31, 2018. All of the repurchase agreements are overnight agreements. September 30, 2019 December 31, 2018 Securities pledged for repurchase agreements: U.S. Treasury securities $ 655 $ 861 Obligations of U.S. government agencies 14,433 21,338 Total securities pledged $ 15,088 $ 22,199 Gross amount of recognized liabilities for repurchase agreements $ 15,088 $ 22,199 Amounts related to agreements not included in offsetting disclosures above $ — $ — |
Earnings per Common Share
Earnings per Common Share | 9 Months Ended |
Sep. 30, 2019 | |
Earnings Per Share [Abstract] | |
Earnings per Common Share | (9) Earnings per Common Share Basic earnings per common share are computed as net income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share include the dilutive effect, if any, of additional potential common shares issuable under the Company’s equity incentive plan, computed using the treasury stock method, and the impact of the Company’s convertible preferred shares using the “if converted” method. Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Basic Net income (loss) $ 7,708 $ (3,433 ) $ 26,038 $ 6,570 Preferred stock dividends 162 192 490 794 Net income (loss) available to common shareholders—basic $ 7,546 $ (3,625 ) $ 25,548 $ 5,776 Weighted average common shares outstanding—basic 15,577,371 11,627,093 15,604,410 10,775,577 Basic earnings (loss) per common share $ 0.48 $ (0.31 ) $ 1.64 $ 0.54 Diluted Net income (loss) available to common shareholders—basic $ 7,546 $ (3,625 ) $ 25,548 $ 5,776 Preferred stock dividends 162 192 490 794 Net income (loss) available to common shareholders—diluted $ 7,708 $ (3,433 ) $ 26,038 $ 6,570 Weighted average common shares outstanding for basic earnings per common share 15,577,371 11,627,093 15,604,410 10,775,577 Add: Dilutive effects of convertible preferred shares 1,272,516 1,643,980 1,286,876 2,054,825 Average shares and dilutive potential common shares outstanding—diluted 16,849,887 13,271,073 16,891,286 12,830,402 Diluted earnings (loss) per common share $ 0.46 $ (0.31 ) $ 1.54 $ 0.51 For the three-month periods ended September 30, 2019 and September 30, 2018, there were 1,272,516 and 1,643,980, respectively, of average dilutive shares related to the Company’s convertible preferred shares. For the nine-month periods ended September 30, 2019 and September 30, 2018, there were 1,286,876 and 2,054,825, respectively, of average dilutive shares related to the Company’s convertible preferred shares. Under the “if converted” method, all convertible preferred shares are assumed to be converted into common shares at the corresponding conversion rate. These additional shares are then added to the common shares outstanding to calculate diluted earnings per share. |
Commitments, Contingencies and
Commitments, Contingencies and Off-Balance Sheet Risk | 9 Months Ended |
Sep. 30, 2019 | |
Commitments And Contingencies Disclosure [Abstract] | |
Commitments, Contingencies and Off-Balance Sheet Risk | (10) 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 customers’ financing needs. These are agreements to provide credit or to support the credit of others, as long as the conditions established in the contract are met, and usually have expiration dates. Commitments may expire without being used. Off-balance-sheet risk of 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 commitment. The contractual amounts of financial instruments with off-balance-sheet risk were as follows for September 30, 2019 and December 31, 2018: Contract Amount September 30, 2019 December 31, 2018 Fixed Rate Variable Rate Fixed Rate Variable Rate Commitment to extend credit: Lines of credit and construction loans $ 18,447 $ 376,469 $ 14,984 $ 359,220 Overdraft protection 4 46,976 3 37,201 Letters of credit 624 776 624 850 $ 19,075 $ 424,221 $ 15,611 $ 397,271 Commitments to make loans are generally made for a period of one year or less. Fixed rate loan commitments included in the table above had interest rates ranging from 4.50% to 8.00% at September 30, 2019 and from 2.88% to 8.50% at December 31, 2018. 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 reserve balance maintained in accordance with such requirements was $7,121 on September 30, 2019 and $8,891 on December 31, 2018. Such amounts are included within cash and due from financial institutions on the Consolidated Balance Sheet. |
Pension Information
Pension Information | 9 Months Ended |
Sep. 30, 2019 | |
Compensation And Retirement Disclosure [Abstract] | |
Pension Information | (11) Pension Information The Company sponsors a pension plan which is a noncontributory defined benefit retirement plan. 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 2014, the Company amended the pension plan again to provide that no additional benefits would accrue beyond April 30, 2014. Net periodic pension benefit was as follows: Three months ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Service cost $ — $ — $ — $ — Interest cost 128 125 384 375 Expected return on plan assets (256 ) (273 ) (768 ) (819 ) Other components 147 143 441 429 Net periodic pension benefit (cost) $ 19 $ (5 ) $ 57 $ (15 ) The Company does not expect to make any contribution to its pension plan in 2019. The Company made no contribution to its pension plan in 2018. |
Equity Incentive Plan
Equity Incentive Plan | 9 Months Ended |
Sep. 30, 2019 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Equity Incentive Plan | (12) 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 240,001 shares available for future grants under this plan at September 30, 2019. No options had been granted under the 2014 Incentive Plan as of September 30, 2019 and 2018. Each year, 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 awarded 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 May 17, 2018, 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 6,204 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 2019 Annual Meeting. This issuance was expensed in its entirety when the shares were issued in the amount of $144. On September 25, 2018, newly appointed 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 867 common shares were issued for their service on the Civista Board of Directors covering the period up to the 2019 Annual Meeting. This issuance was expensed in its entirety when the shares were issued in the amount of $21. Finally, on May 21, 2019, 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 8,946 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 2020 Annual Meeting. This issuance was expensed in its entirety when the shares were issued in the amount of $196. The Company classifies share-based compensation for employees with “Compensation expense” in the Consolidated Statements of Operations. The following is a summary of the Company’s outstanding restricted shares and changes therein for the three- and nine-month periods ended September 30, 2019: Three months ended Nine Months Ended September 30, 2019 September 30, 2019 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 44,027 $ 20.48 39,970 $ 19.10 Granted — — 21,106 20.65 Vested — — (16,557 ) 17.31 Forfeited — — (492 ) 22.41 Nonvested at end of period 44,027 $ 20.48 44,027 $ 20.48 The following is a summary of the status of the Company’s outstanding restricted shares as of September 30, 2019: At September 30, 2019 Date of Award Shares Remaining Expense Remaining Vesting Period (Years) January 15, 2016 4,108 $ 26 1.25 March 20, 2017 3,725 12 0.25 March 20, 2017 3,581 55 2.25 April 10, 2018 5,282 60 1.25 April 10, 2018 6,225 101 3.25 March 14, 2019 10,188 153 2.25 March 14, 2019 10,918 170 4.25 44,027 $ 577 2.50 During the nine months ended September 30, 2019, the Company recorded $256 of share-based compensation expense and $196 of director retainer fees for shares granted under the 2014 Incentive Plan. At September 30, 2019, the total compensation cost related to unvested awards not yet recognized is $577, which is expected to be recognized over the weighted average remaining life of the grants of 2.50 years. |
Fair Value Measurement
Fair Value Measurement | 9 Months Ended |
Sep. 30, 2019 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurement | (13) Fair Value Measurement The Company uses a fair value hierarchy to measure fair value. This hierarchy describes three levels of inputs that may be used to measure fair value. 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. Debt securities: Equity securities: The fair value of the swap asset/liability: Impaired loans: Assets and liabilities measured at fair value are summarized in the table below. Fair Value Measurements at September 30, 2019 Using: Assets: (Level 1) (Level 2) (Level 3) Assets measured at fair value on a recurring basis: Securities available for sale U.S. Treasury securities and obligations of U.S. Government agencies $ — $ 21,737 $ — Obligations of states and political subdivisions — 194,255 — Mortgage-backed securities in government sponsored entities — 139,295 — Total securities available for sale — 355,287 — Equity securities — 1,152 — Swap asset — 11,556 — Liabilities measured at fair value on a recurring basis: Swap liability — 11,556 — Assets measured at fair value on a nonrecurring basis: Impaired loans $ — $ — $ 30 Fair Value Measurements at December 31, 2018 Using: Assets: (Level 1) (Level 2) (Level 3) Assets measured at fair value on a recurring basis: Securities available for sale U.S. Treasury securities and obligations of U.S. Government agencies $ — $ 30,685 $ — Obligations of states and political subdivisions — 172,071 — Mortgage-backed securities in government sponsored entities — 143,538 — Total securities available for sale — 346,294 — Equity securities — 1,070 — Swap asset — 2,837 — Liabilities measured at fair value on a recurring basis: Swap liability — 2,837 — Assets measured at fair value on a nonrecurring basis: Impaired loans $ — $ — $ 1,803 The following table presents quantitative information about the Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a nonrecurring basis at September 30, 2019. Quantitative Information about Level 3 Fair Value Measurements September 30, 2019 Fair Value Valuation Technique Unobservable Input Range Weighted Average Impaired loans $ 30 Appraisal of collateral Appraisal adjustments 10% - 30% 26% The following table 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, 2018. Quantitative Information about Level 3 Fair Value Measurements December 31, 2018 Fair Value Valuation Technique Unobservable Input Range Weighted Average Impaired loans $ 1,803 Appraisal of collateral Appraisal adjustments 0% - 30% 26% Liquidation expense 0% - 10% 8% Holding period 0 - 30 months 21 months The carrying amount and fair values of financial instruments not measured at fair value on a recurring or nonrecurring basis at September 30, 2019 are as follows: September 30, 2019 Carrying Amount Total Fair Value Level 1 Level 2 Level 3 Financial Assets: Cash and due from financial institutions $ 62,219 $ 62,219 $ 62,219 $ — $ — Other securities 20,280 20,280 20,280 — — Loans, held for sale 8,983 9,163 9,163 — — Loans, net of allowance 1,634,496 1,647,787 — — 1,647,787 Bank owned life insurance 44,745 44,745 44,745 — — Accrued interest receivable 7,501 7,501 7,501 — — Financial Liabilities: Nonmaturing deposits 1,365,695 1,365,695 1,365,695 — — Time deposits 266,926 267,745 — — 267,745 Short-term FHLB advances 181,100 181,100 181,100 — — Long-term FHLB advances 55,000 58,364 — — 58,364 Securities sold under agreement to repurchase 15,088 15,088 15,088 — — Subordinated debentures 29,427 36,415 — — 36,415 Accrued interest payable 271 271 271 — — The carrying amount and fair values of financial instruments not measured at fair value on a recurring or nonrecurring basis at December 31, 2018 are as follows: December 31, 2018 Carrying Amount Total Fair Value Level 1 Level 2 Level 3 Financial Assets: Cash and due from financial institutions $ 42,779 $ 42,779 $ 42,779 $ — $ — Other securities 21,021 21,021 21,021 — — Loans, held for sale 1,391 1,391 1,391 — — Loans, net of allowance 1,548,262 1,517,278 — — 1,517,278 Bank owned life insurance 43,037 43,037 43,037 — — Accrued interest receivable 6,723 6,723 6,723 — — Financial Liabilities: Nonmaturing deposits 1,312,207 1,312,207 1,312,207 — — Time deposits 267,686 267,943 — — 267,943 Short-term FHLB advances 188,600 188,600 188,600 — — Long-term FHLB advances 5,000 4,983 — — 4,983 Securities sold under agreement to repurchase 22,199 22,199 22,199 — — Subordinated debentures 29,427 34,620 — — 34,620 Accrued interest payable 230 230 230 — — |
Derivatives
Derivatives | 9 Months Ended |
Sep. 30, 2019 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Derivatives | (14) Derivatives 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 interest rate swaps are free-standing derivatives and are recorded at fair value. 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. None of the Company’s derivatives are designated as hedging instruments. The following table summarizes the Company’s interest rate swap positions as of September 30, 2019. Classification on the Consolidated Balance Sheet Notional Amount Fair Value Weighted Average Rate Received/(Paid) Derivative Assets Other Assets $ 140,477 $ 11,556 5.12 % Derivative Liabilities Accrued expenses and other liabilities (140,477 ) (11,556 ) -5.12 % Net Exposure $ — $ — The following table summarizes the Company’s interest rate swap positions as of December 31, 2018. Classification on the Consolidated Balance Sheet Notional Amount Fair Value Weighted Average Rate Received/(Paid) Derivative Assets Other Assets $ 120,131 $ 2,837 5.19 % Derivative Liabilities Accrued expenses and other liabilities (120,131 ) (2,837 ) -5.19 % 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. The Company classifies changes in fair value of derivatives with “Other” in the Consolidated Statements of Operation. |
Qualified Affordable Housing Pr
Qualified Affordable Housing Project Investments | 9 Months Ended |
Sep. 30, 2019 | |
Federal Home Loan Banks [Abstract] | |
Qualified Affordable Housing Project Investments | (15) Qualified Affordable Housing Project Investments The Company invests in certain qualified affordable housing projects. At September 30, 2019 and December 31, 2018, the balance of the investment for qualified affordable housing projects was $4,669 and $4,276, 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 $4,173 and $4,922 at September 30, 2019 and December 31, 2018, respectively. During the three months ended September 30, 2019 and 2018, the Company recognized amortization expense with respect to its investments in qualified affordable housing projects of $133 and $130, respectively, offset by tax credits and other benefits from its investment in affordable housing tax credits of $275 and $207, respectively. During the nine months ended September 30, 2019 and 2018, the Company recognized amortization expense with respect to its investments in qualified affordable housing projects of $399 and $388, respectively, offset by tax credits and other benefits from its investment in affordable housing tax credits of $827 and $633, respectively. During the three and nine months ended September 30, 2019 and 2018, the Company did not incur impairment losses related to its investment in qualified affordable housing projects. |
Revenue Recognition
Revenue Recognition | 9 Months Ended |
Sep. 30, 2019 | |
Revenue From Contract With Customer [Abstract] | |
Revenue Recognition | (16) Revenue Recognition The Company accounts for revenues from contracts with customers under ASC 606, Revenue from Contracts with Customers. Revenue associated with financial instruments, including revenue from loans and securities are outside the scope of the new standard and accounted for under other existing GAAP. In addition, certain noninterest income streams such as fees associated with mortgage servicing rights, financial guarantees, derivatives, and certain credit card fees are also not in scope of the new guidance. Noninterest revenue streams in-scope of ASC 606 are discussed below. Service Charges Service charges consist of account analysis fees (i.e., net fees earned on analyzed business and public checking accounts), monthly service fees, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. ATM/Interchange Fees Fees, exchange, and other service charges are primarily comprised of debit and credit card income, ATM fees and other service charges. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as Mastercard. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Wealth Management Fees Wealth management fees are primarily comprised of fees earned from the management and administration of trusts and other customer assets. The Company’s performance obligation is generally satisfied over time and the resulting fees are recognized monthly, based upon the month-end market value of the assets under management and the applicable fee rate. Payment is generally received in the following month through a direct charge to customers’ accounts. The Company does not earn performance-based incentives. The Company’s performance obligation for these transactional-based services is generally satisfied, and related revenue recognized, at a point in time (i.e., as incurred). Payment is received shortly after services are rendered. Tax Refund Processing Fees The Company facilitates the payment of federal and state income tax refunds in partnership with a third-party vendor. Refund Transfers (“RTs”) are fee-based products whereby a tax refund is issued to the taxpayer after the Company has received the refund from the federal or state government. As part of this agreement the Company earns fee income, the majority of which is received in the first quarter of the year. The Company’s fee income revenue is recognized based on the estimated percent of business completed by each date. Other Other noninterest income consists of other recurring revenue streams such as check order fees, wire transfer fees, safety deposit box rental fees, item processing fees and other miscellaneous revenue streams. Check order income mainly represents fees charged to customers for checks. Wire transfer fees represent revenue from processing wire transfers. Safe deposit box rental fees are charged to the customer on an annual basis and recognized upon receipt of payment. The Company determined that since rentals and renewals occur fairly consistently over time, revenue is recognized on a basis consistent with the duration of the performance obligation. Item processing fee income represents fees charged to other financial institutions for processing their transactions. Payment is typically received in the following month. The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three- and nine-months ended September 30, 2019 and 2018. Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Noninterest Income In-scope of Topic 606: Service charges $ 1,726 $ 1,219 $ 4,733 $ 3,712 ATM/Interchange fees 1,014 622 2,871 1,764 Wealth management fees 975 873 2,733 2,561 Tax refund processing fees — — 2,750 2,750 Other 280 203 675 650 Noninterest Income (in-scope of Topic 606) 3,995 2,917 13,762 11,437 Noninterest Income (out-of-scope of Topic 606) 1,434 371 3,054 1,856 Total Noninterest Income $ 5,429 $ 3,288 $ 16,816 $ 13,293 Contract Balances A contract asset balance occurs when an entity performs a service for a customer before the customer pays consideration (resulting in a contract receivable) or before payment is due (resulting in a contract asset). A contract liability balance is an entity’s obligation to transfer a service to a customer for which the entity has already received payment (or payment is due) from the customer. The Company’s noninterest revenue streams are largely based on transactional activity, or standard month-end revenue accruals such as asset management fees based on month-end market values. Consideration is often received immediately or shortly after the Company satisfies its performance obligation and revenue is recognized. The Company does not typically enter into long-term revenue contracts with customers, and therefore, does not experience significant contract balances. As of September 30, 2019 and December 31, 2018, the Company did not have any significant contract balances. Contract Acquisition Costs In connection with the adoption of Topic 606, an entity is required to capitalize, and subsequently amortize into expense, certain incremental costs of obtaining a contract with a customer if these costs are expected to be recovered. The incremental costs of obtaining a contract are those costs that an entity incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained (for example, sales commission). The Company utilizes the practical expedient which allows entities to immediately expense contract acquisition costs when the asset that would have resulted from capitalizing these costs would have been amortized in one year or less. Upon adoption of Topic 606, the Company did not capitalize any contract acquisition cost. |
Leases
Leases | 9 Months Ended |
Sep. 30, 2019 | |
Leases [Abstract] | |
Leases | (17) Leases We have operating leases for several branch locations and office space. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. We also lease certain office equipment under operating leases. Many of our leases include both lease (e.g., minimum rent payments) and non-lease components (e.g., common-area or other maintenance costs). The Company accounts for each component separately based on the standalone price of each component. In addition, we have several operating leases with lease terms of less than one year and therefore, we have elected the practical expedient to exclude these short-term leases from our ROU assets and lease liabilities. Most leases include one or more options to renew. The exercise of lease renewal options is typically at our sole discretion. The majority of renewals to extend the lease terms are included in our ROU assets and lease liabilities as they are reasonably certain of exercise. As most of our leases do not provide an implicit rate, we use the fully collateralized FHLB borrowing rate, commensurate with the lease terms based on the information available at the lease commencement date in determining the present value of the lease payments. The balance sheet information related to our operating leases were as follows as of September 30, 2019: Classification on the Consolidated Balance Sheet September 30, 2019 Assets: Operating lease Other assets $ 2,367 Liabilities: Operating lease Accrued expenses and other liabilities $ 2,367 The cost components of our operating leases were as follows for the period ended September 30, 2019: Three Months Ended Nine Months Ended September 30, September 30, 2019 2019 Lease cost Operating lease cost $ 104 $ 299 Short-term lease cost 71 214 Sublease income (13 ) (40 ) Total lease cost $ 162 $ 473 Maturities of our lease liabilities for all operating leases for each of the next five years and thereafter is as follows: 2019 $ 105 2020 408 2021 394 2022 334 2023 327 Thereafter 1,105 Total lease payments $ 2,673 Less: Imputed Interest 306 Present value of lease liabilities $ 2,367 The weighted average remaining lease terms and discount rates for all of our operating leases were as follows as of September 30, 2019: Weighted-average remaining lease term-operating leases (years) 6.15 Weighted-average discount rate-operating leases 3.11 % |
Significant Accounting Polici_2
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2019 | |
Accounting Policies [Abstract] | |
Allowance for Loan Losses | Allowance for Loan Losses: The allowance for loan losses is regularly reviewed by management to determine that the amount is considered adequate to absorb probable losses in the loan portfolio. If not, an additional provision is made to increase the allowance. This evaluation includes specific loss estimates on certain individually reviewed impaired loans, the pooling of commercial credits risk graded as special mention and substandard that are not individually analyzed, and general loss estimates that are based upon the size, quality, and concentration characteristics of the various loan portfolios, adverse situations that may affect a borrower’s ability to repay, and current economic and industry conditions, among other items. Those judgments and assumptions that are most critical to the application of this accounting policy are assessing the initial and on-going credit-worthiness of the borrower, the amount and timing of future cash flows of the borrower that are available for repayment of the loan, the sufficiency of underlying collateral, the enforceability of third-party guarantees, the frequency and subjectivity of loan reviews and risk ratings, emerging or changing trends that might not be fully captured in the historical loss experience, and charges against the allowance for actual losses that are greater than previously estimated. These judgments and assumptions are dependent upon or can be influenced by a variety of factors, including the breadth and depth of experience of lending officers, credit administration and the corporate loan review staff that periodically review the status of the loan, changing economic and industry conditions, changes in the financial condition of the borrower and changes in the value and availability of the underlying collateral and guarantees. |
Use of Estimates | Use of Estimates |
Income Taxes | Income Taxes |
Business Combinations | Business Combinations: |
Reclassifications | Reclassifications: |
Derivative Instruments and Hedging Activities | Derivative Instruments and Hedging Activities Derivatives and Hedging |
Change in Accounting Principals | Change in Accounting Principals: In March 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20). |
Adoption Of New Accounting Standards | Adoption of New Accounting Standards: Effective January 1, 2019, the Company adopted FASB ASU 2016-02, Leases Targeted Improvements to ASC 842 Leases Additional information and disclosures required by this new standard are contained in Note 17, 'Leases' |
Effect of Newly Issued but Not Yet Effective Accounting Standards | Effect of Newly Issued but Not Yet Effective Accounting Standards: In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments Financial Instruments – Credit Losses In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment Intangibles – Goodwill and Other In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes the Disclosure Requirements for Fair Value Measurements In October, 2018, the FASB issued ASU 2018-17, Consolidation (Topic 810) In November, 2018, the FASB issued ASU 2018-18, Collaborative Arrangements (Topic 808) For public business entities, such as the Company, the amendments in this Update are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, and Topic 825, Financial Instruments, Topic 326, Financial Instruments – Credit Losses The Company is currently evaluating the potential impact of the Topic 326 amendments on the Company’s Consolidated Financial Statements. The amendments to Topic 825 are effective for interim and annual reporting periods beginning after December 15, 2019. Financial Instruments – Credit Losses This Update is not expected to have a material impact on the Company’s financial statements. In May 2019, the FASB issued ASU 2019-05, Financial Instruments – Credit Losses, Topic 326 Financial Instruments – Credit Losses |
Securities (Tables)
Securities (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Investments Debt And Equity Securities [Abstract] | |
Available for Sale Securities | The amortized cost and fair market value of available for sale securities and the related gross unrealized gains and losses recognized were as follows: September 30, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury securities and obligations of U.S. government agencies $ 21,534 $ 216 $ (13 ) $ 21,737 Obligations of states and political subdivisions 179,954 14,314 (13 ) 194,255 Mortgage-backed securities in government sponsored entities 134,664 4,739 (108 ) 139,295 Total debt securities $ 336,152 $ 19,269 $ (134 ) $ 355,287 December 31, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury securities and obligations of U.S. government agencies $ 30,623 $ 202 $ (140 ) $ 30,685 Obligations of states and political subdivisions 168,993 3,680 (602 ) 172,071 Mortgage-backed securities in government sponsored entities 143,707 1,024 (1,193 ) 143,538 Total debt securities $ 343,323 $ 4,906 $ (1,935 ) $ 346,294 |
Fair Value of Securities by Contractual Maturity | The amortized cost and fair value of securities at September 30, 2019, by contractual maturity, is shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. 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 $ 10,142 $ 10,134 Due after one year through five years 16,274 16,558 Due after five years through ten years 21,766 23,229 Due after ten years 153,306 166,071 Mortgage-backed securities 134,664 139,295 Total securities available for sale $ 336,152 $ 355,287 |
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: Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Sale proceeds $ — $ 12,063 $ 16,829 $ 12,063 Gross realized gains — — 47 — Gross realized losses — 392 43 392 Gains from securities called or settled by the issuer 3 6 13 6 |
Securities with Unrealized Losses Not Recognized in Income | Securities with unrealized losses at September 30, 2019 and December 31, 2018 not recognized in income are as follows: September 30, 2019 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 $ — $ — $ 3,430 $ (13 ) $ 3,430 $ (13 ) Obligations of states and political subdivisions 957 (12 ) 1,005 (1 ) 1,962 (13 ) Mortgage-backed securities in gov’t sponsored entities 4,866 (33 ) 12,884 (75 ) 17,750 (108 ) Total temporarily impaired $ 5,823 $ (45 ) $ 17,319 $ (89 ) $ 23,142 $ (134 ) December 31, 2018 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 $ — $ — $ 16,469 $ (140 ) $ 16,469 $ (140 ) Obligations of states and political subdivisions 8,008 (71 ) 25,890 (531 ) 33,898 (602 ) Mortgage-backed securities in gov’t sponsored entities 6,630 (90 ) 40,333 (1,103 ) 46,963 (1,193 ) Total temporarily impaired $ 14,638 $ (161 ) $ 82,692 $ (1,774 ) $ 97,330 $ (1,935 ) |
Schedule of Net Gains and Losses on Equity Investments Recognized in Earnings and Portion of Unrealized Gains and Losses for Period that Relates to Equity Investments | The following table presents the net gains and losses on equity investments recognized in earnings for the three and nine months ended September 30, 2019 and 2018, and the portion of unrealized gains and losses for the period that relates to equity investments held at September 30, 2019 and 2018: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Net gains recognized on equity securities during the period $ 112 $ 27 $ 81 $ 102 Less: Net gains (losses) realized on the sale of equity securities during the period — — — — Unrealized gains recognized in equity securities held at reporting date $ 112 $ 27 $ 81 $ 102 |
Loans (Tables)
Loans (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Receivables [Abstract] | |
Loan Balances | Loan balances were as follows: September 30, 2019 December 31, 2018 Commercial & Agriculture $ 196,833 $ 177,101 Commercial Real Estate- Owner Occupied 226,501 210,121 Commercial Real Estate- Non-Owner Occupied 558,804 523,598 Residential Real Estate 465,455 457,850 Real Estate Construction 149,018 135,195 Farm Real Estate 36,286 38,513 Consumer and Other 15,743 19,563 Total loans 1,648,640 1,561,941 Allowance for loan losses (14,144 ) (13,679 ) Net loans $ 1,634,496 $ 1,548,262 |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Text Block [Abstract] | |
Changes in the Allowance for Loan Losses | The following tables present, by portfolio segment, the changes in the allowance for loan losses for the three and nine months ended September 30, 2019 and 2018. Allowance for loan losses: For the three months ended September 30, 2019 Beginning Charge-offs Recoveries Provision Ending Balance Commercial & Agriculture $ 1,828 $ — $ 61 $ 43 $ 1,932 Commercial Real Estate: Owner Occupied 2,009 — 43 85 2,137 Non-Owner Occupied 5,867 — 55 226 6,148 Residential Real Estate 1,698 (20 ) 67 (136 ) 1,609 Real Estate Construction 1,135 — 1 47 1,183 Farm Real Estate 365 — 1 1 367 Consumer and Other 201 (16 ) 16 52 253 Unallocated 683 — — (168 ) 515 Total $ 13,786 $ (36 ) $ 244 $ 150 $ 14,144 Allowance for loan losses: For the three months ended September 30, 2018 Beginning balance Charge-offs Recoveries Provision Ending Balance Commercial & Agriculture $ 1,630 $ — $ 64 $ (63 ) $ 1,631 Commercial Real Estate: Owner Occupied 2,161 — 18 (136 ) 2,043 Non-Owner Occupied 5,135 (76 ) 2 384 5,445 Residential Real Estate 1,691 (12 ) 88 32 1,799 Real Estate Construction 861 — — 120 981 Farm Real Estate 410 — 1 (18 ) 393 Consumer and Other 300 (45 ) 34 26 315 Unallocated 679 — — 45 724 Total $ 12,867 $ (133 ) $ 207 $ 390 $ 13,331 Allowance for loan losses: For the nine months ended September 30, 2019 Beginning balance Charge-offs Recoveries Provision Ending Balance Commercial & Agriculture $ 1,747 $ (27 ) $ 65 $ 147 $ 1,932 Commercial Real Estate: Owner Occupied 1,962 (60 ) 282 (47 ) 2,137 Non-Owner Occupied 5,803 — 99 246 6,148 Residential Real Estate 1,531 (223 ) 229 72 1,609 Real Estate Construction 1,046 (24 ) 1 160 1,183 Farm Real Estate 397 — 3 (33 ) 367 Consumer and Other 284 (97 ) 67 (1 ) 253 Unallocated 909 — — (394 ) 515 Total $ 13,679 $ (431 ) $ 746 $ 150 $ 14,144 Allowance for loan losses: For the nine months ended September 30, 2018 Beginning balance Charge-offs Recoveries Provision Ending Balance Commercial & Agriculture $ 1,562 $ (248 ) $ 168 $ 149 $ 1,631 Commercial Real Estate: Owner Occupied 2,043 (193 ) 148 45 2,043 Non-Owner Occupied 5,307 (121 ) 23 236 5,445 Residential Real Estate 1,910 (74 ) 181 (218 ) 1,799 Real Estate Construction 834 — — 147 981 Farm Real Estate 430 — 4 (41 ) 393 Consumer and Other 290 (148 ) 67 106 315 Unallocated 758 — — (34 ) 724 Total $ 13,134 $ (784 ) $ 591 $ 390 $ 13,331 The following tables present, by portfolio segment, the allocation of the allowance for loan losses and related loan balances as of September 30, 2019 and December 31, 2018. September 30, 2019 Loans acquired with credit deterioration Loans individually evaluated for impairment Loans collectively evaluated for impairment Total Allowance for loan losses: Commercial & Agriculture $ — $ — $ 1,932 $ 1,932 Commercial Real Estate: Owner Occupied — 6 2,131 2,137 Non-Owner Occupied — — 6,148 6,148 Residential Real Estate — 98 1,511 1,609 Real Estate Construction — — 1,183 1,183 Farm Real Estate — — 367 367 Consumer and Other — — 253 253 Unallocated — — 515 515 Total $ — $ 104 $ 14,040 $ 14,144 Outstanding loan balances: Commercial & Agriculture $ — $ 367 $ 196,466 $ 196,833 Commercial Real Estate: Owner Occupied — 436 226,065 226,501 Non-Owner Occupied — 376 558,428 558,804 Residential Real Estate 539 1,039 463,877 465,455 Real Estate Construction — — 149,018 149,018 Farm Real Estate — 681 35,605 36,286 Consumer and Other — — 15,743 15,743 Total $ 539 $ 2,899 $ 1,645,202 $ 1,648,640 December 31, 2018 Loans acquired with credit deterioration Loans individually evaluated for impairment Loans collectively evaluated for impairment Total Allowance for loan losses: Commercial & Agriculture $ — $ — $ 1,747 $ 1,747 Commercial Real Estate: Owner Occupied — 12 1,950 1,962 Non-Owner Occupied — — 5,803 5,803 Residential Real Estate 8 122 1,401 1,531 Real Estate Construction — — 1,046 1,046 Farm Real Estate — 7 390 397 Consumer and Other — — 284 284 Unallocated — — 909 909 Total $ 8 $ 141 $ 13,530 $ 13,679 Outstanding loan balances: Commercial & Agriculture $ 41 $ 367 $ 176,693 $ 177,101 Commercial Real Estate: Owner Occupied — 484 209,637 210,121 Non-Owner Occupied — 31 523,567 523,598 Residential Real Estate 883 1,279 455,688 457,850 Real Estate Construction — — 135,195 135,195 Farm Real Estate — 696 37,817 38,513 Consumer and Other — — 19,563 19,563 Total $ 924 $ 2,857 $ 1,558,160 $ 1,561,941 |
Credit Exposures by Internally Assigned Grades | September 30, 2019 Pass Special Mention Substandard Doubtful Ending Balance Commercial & Agriculture $ 193,224 $ 738 $ 2,871 $ — $ 196,833 Commercial Real Estate: Owner Occupied 217,643 3,759 5,099 — 226,501 Non-Owner Occupied 555,893 2,258 653 — 558,804 Residential Real Estate 71,298 651 6,278 — 78,227 Real Estate Construction 138,221 — 10 — 138,231 Farm Real Estate 32,920 579 2,787 — 36,286 Consumer and Other 897 — 20 — 917 Total $ 1,210,096 $ 7,985 $ 17,718 $ — $ 1,235,799 December 31, 2018 Pass Special Mention Substandard Doubtful Ending Balance Commercial & Agriculture $ 173,783 $ 1,509 $ 1,809 $ — $ 177,101 Commercial Real Estate: Owner Occupied 201,228 3,512 5,381 — 210,121 Non-Owner Occupied 520,487 2,023 1,088 — 523,598 Residential Real Estate 70,908 580 7,363 — 78,851 Real Estate Construction 124,769 13 41 — 124,823 Farm Real Estate 32,908 3,096 2,509 — 38,513 Consumer and Other 1,713 — 20 — 1,733 Total $ 1,125,796 $ 10,733 $ 18,211 $ — $ 1,154,740 |
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. September 30, 2019 Residential Real Estate Real Estate Construction Consumer and Other Total Performing $ 387,228 $ 10,787 $ 14,792 $ 412,807 Nonperforming — — 34 34 Total $ 387,228 $ 10,787 $ 14,826 $ 412,841 December 31, 2018 Residential Real Estate Real Estate Construction Consumer and Other Total Performing $ 378,999 $ 10,372 $ 17,830 $ 407,201 Nonperforming — — — — Total $ 378,999 $ 10,372 $ 17,830 $ 407,201 |
Aging Analysis of Past Due Loans | The following tables include an aging analysis of the recorded investment of past due loans outstanding as of September 30, 2019 and December 31, 2018. September 30, 2019 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 $ 531 $ 56 $ 99 $ 686 $ 196,147 $ — $ 196,833 $ — Commercial Real Estate: Owner Occupied 206 — 774 980 225,521 — 226,501 — Non-Owner Occupied 248 — 9 257 558,547 — 558,804 — Residential Real Estate 367 234 1,307 1,908 463,008 539 465,455 — Real Estate Construction 84 — — 84 148,934 — 149,018 — Farm Real Estate 122 — 9 131 36,155 — 36,286 — Consumer and Other 76 6 34 116 15,627 — 15,743 17 Total $ 1,634 $ 296 $ 2,232 $ 4,162 $ 1,643,939 $ 539 $ 1,648,640 $ 17 December 31, 2018 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 $ 225 $ — $ 92 $ 317 $ 176,743 $ 41 $ 177,101 $ — Commercial Real Estate: Owner Occupied 547 413 564 1,524 208,597 — 210,121 — Non-Owner Occupied 288 290 372 950 522,648 — 523,598 — Residential Real Estate 7,118 677 806 8,601 448,366 883 457,850 — Real Estate Construction — 12 27 39 135,156 — 135,195 — Farm Real Estate 33 — 158 191 38,322 — 38,513 — Consumer and Other 117 57 9 183 19,380 — 19,563 — Total $ 8,328 $ 1,449 $ 2,028 $ 11,805 $ 1,549,212 $ 924 $ 1,561,941 $ — |
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 September 30, 2019 and December 31, 2018. September 30, 2019 December 31, 2018 Commercial & Agriculture $ 238 $ 270 Commercial Real Estate: Owner Occupied 1,090 942 Non-Owner Occupied 9 374 Residential Real Estate 3,958 3,886 Real Estate Construction 10 41 Farm Real Estate 299 338 Consumer and Other 17 18 Total $ 5,621 $ 5,869 |
Schedule of TDR | Loan modifications that are considered TDRs completed during the periods ended September 30, 2019 and September 30, 2018 were as follows: For the Three-Month Period Ended September 30, 2019 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial & Agriculture — $ — $ — Commercial Real Estate—Owner Occupied — — — Commercial Real Estate—Non-Owner Occupied — — — Residential Real Estate — — — Real Estate Construction — — — Farm Real Estate — — — Consumer and Other — — — Total Loan Modifications — $ — $ — For the Three-Month Period Ended September 30, 2018 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial & Agriculture — $ — $ — Commercial Real Estate—Owner Occupied — — — Commercial Real Estate—Non-Owner Occupied — — — Residential Real Estate 1 23 23 Real Estate Construction — — — Farm Real Estate 1 110 110 Consumer and Other — — — Total Loan Modifications 2 $ 133 $ 133 For the Nine-Month Period Ended September 30, 2019 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial & Agriculture — $ — $ — Commercial Real Estate—Owner Occupied — — — Commercial Real Estate—Non-Owner Occupied 1 382 382 Residential Real Estate — — — Real Estate Construction — — — Farm Real Estate — — — Consumer and Other — — — Total Loan Modifications 1 $ 382 $ 382 For the Nine-Month Period Ended September 30, 2018 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Commercial & Agriculture — $ — $ — Commercial Real Estate—Owner Occupied — — — Commercial Real Estate—Non-Owner Occupied — — — Residential Real Estate 1 23 23 Real Estate Construction — — — Farm Real Estate 1 110 110 Consumer and Other — — — Total Loan Modifications 2 $ 133 $ 133 |
Impaired Loans Excluding PCI Loans | The following table includes the recorded investment and unpaid principal balances for impaired loans, excluding PCI loans, with the associated allowance amount, if applicable, as of September 30, 2019 and December 31, 2018. September 30, 2019 December 31, 2018 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial & Agriculture $ 367 $ 367 $ 367 $ 367 Commercial Real Estate: Owner Occupied 175 175 193 193 Non-Owner Occupied 376 376 31 34 Residential Real Estate 794 866 1,017 1,089 Farm Real Estate 681 681 256 256 Total 2,393 2,465 1,864 1,939 With an allowance recorded: Commercial Real Estate: Owner Occupied 261 261 $ 6 291 291 $ 12 Residential Real Estate 245 249 98 262 265 122 Farm Real Estate — — — 440 440 7 Total 506 510 104 993 996 141 Total: Commercial & Agriculture 367 367 — 367 367 — Commercial Real Estate: Owner Occupied 436 436 6 484 484 12 Non-Owner Occupied 376 376 — 31 34 — Residential Real Estate 1,039 1,115 98 1,279 1,354 122 Farm Real Estate 681 681 — 696 696 7 Total $ 2,899 $ 2,975 $ 104 $ 2,857 $ 2,935 $ 141 The following table includes the average recorded investment and interest income recognized for impaired financing receivables for the three-and nine-month periods ended September 30, 2019 and 2018. September 30, 2019 September 30, 2018 For the three months ended Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial & Agriculture $ 367 $ 12 $ 675 $ 6 Commercial Real Estate—Owner Occupied 448 8 511 9 Commercial Real Estate—Non-Owner Occupied 378 6 38 1 Residential Real Estate 1,083 14 1,811 17 Farm Real Estate 681 7 742 7 Total $ 2,957 $ 47 $ 3,777 $ 40 September 30, 2019 September 30, 2018 For the nine months ended Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial & Agriculture $ 367 $ 24 $ 704 $ 19 Commercial Real Estate—Owner Occupied 463 25 641 26 Commercial Real Estate—Non-Owner Occupied 292 15 41 4 Residential Real Estate 1,148 45 1,580 51 Farm Real Estate 687 22 721 22 Total $ 2,957 $ 131 $ 3,687 $ 122 |
Schedule of Changes in Amortized Yield for PCI Loans | Changes in the amortizable yield for PCI loans were as follows, since acquisition: For the Three-Month Period Ended September 30, 2019 For the Three-Month Period Ended September 30, 2018 (In Thousands) (In Thousands) Balance at beginning of period $ 259 $ 6 Acquisition of PCI loans — 334 Accretion (3 ) (2 ) Balance at end of period $ 256 $ 338 For the Nine-Month Period Ended September 30, 2019 For the Nine-Month Period Ended September 30, 2018 (In Thousands) (In Thousands) Balance at beginning of period $ 336 $ 15 Acquisition of PCI loans — 334 Accretion (80 ) (11 ) Balance at end of period $ 256 $ 338 |
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 September 30, 2019 At December 31, 2018 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 $ 1,283 $ 1,805 Carrying amount 539 924 |
Other Comprehensive Income (Tab
Other Comprehensive Income (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Equity [Abstract] | |
Changes in Each Component of Accumulated Other Comprehensive Income (Loss), Net of Tax | The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax. For the Three-Month Period Ended For the Three-Month Period Ended September 30, 2019(a) September 30, 2018(a) 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 $ 12,176 $ (3,567 ) $ 8,609 $ (173 ) $ (4,083 ) $ (4,256 ) Other comprehensive income (loss) before reclassifications 2,944 — 2,944 (1,048 ) — (1,048 ) Amounts reclassified from accumulated other comprehensive income (loss) (2 ) 116 114 310 113 423 Net current-period other comprehensive income (loss) 2,942 116 3,058 (738 ) 113 (625 ) Ending balance $ 15,118 $ (3,451 ) $ 11,667 $ (911 ) $ (3,970 ) $ (4,881 ) (a) Amounts in parentheses indicate debits on the Consolidated Balance Sheets. The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax. For the Nine-Month Period Ended For the Nine-Month Period Ended September 30, 2019(a) September 30, 2018(a) 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 $ 2,347 $ (3,799 ) $ (1,452 ) $ 3,185 $ (4,309 ) $ (1,124 ) Other comprehensive income (loss) before reclassifications 12,784 — 12,784 (4,123 ) — (4,123 ) Amounts reclassified from accumulated other comprehensive income (loss) (13 ) 348 335 305 339 644 Net current-period other comprehensive income (loss) 12,771 348 13,119 (3,818 ) 339 (3,479 ) Reclassification of equity securities from accumulated other comprehensive loss — — — (278 ) — (278 ) Ending balance $ 15,118 $ (3,451 ) $ 11,667 $ (911 ) $ (3,970 ) $ (4,881 ) (a) Amounts in parentheses indicate debits on the Consolidated Balance Sheets. |
Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Income (Loss) | The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss). Amount Reclassified from Accumulated Other Comprehensive Income (Loss) (a) Details about Accumulated Other Comprehensive Income (Loss) Components For the Three months ended September 30, 2019 For the Three months ended September 30, 2018 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains on available-for-sale securities $ 3 $ (392 ) Net gain (loss) on sale of securities Tax effect (1 ) 82 Income tax expense 2 (310 ) Net of tax Amortization of defined benefit pension items Actuarial gains/(losses) (b) (147 ) (143 ) Other operating expenses Tax effect 31 30 Income tax expense (116 ) (113 ) Net of tax Total reclassifications for the period $ (114 ) $ (423 ) Net of tax (a) Amounts in parentheses indicate expenses/losses and other amounts indicate income/benefit. (b) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. The following table presents the amounts reclassified out of each component of accumulated other comprehensive income (loss). Amount Reclassified from Accumulated Other Comprehensive Income (Loss) (a) Details about Accumulated Other Comprehensive Income (Loss) Components For the Nine months ended September 30, 2019 For the Nine months ended September 30, 2018 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains on available-for-sale securities $ 17 $ (386 ) Net gain (loss) on sale of securities Tax effect (4 ) 81 Income tax expense 13 (305 ) Net of tax Amortization of defined benefit pension items Actuarial gains/(losses) (b) (441 ) (429 ) Other operating expenses Tax effect 93 90 Income tax expense (348 ) (339 ) Net of tax Total reclassifications for the period $ (335 ) $ (644 ) Net of tax (a) Amounts in parentheses indicate expenses/losses and other amounts indicate income/benefit. (b) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. |
Goodwill and Intangible Assets
Goodwill and Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Schedule of Acquired Intangible Assets, Other than Goodwill | Acquired intangible assets, other than goodwill, as of September 30, 2019 and December 31, 2018 were as follows: 2019 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets(1): MSRs $ 2,255 $ 623 $ 1,632 $ 2,110 $ 446 $ 1,664 Core deposit intangibles 14,792 7,814 6,978 14,792 7,104 7,688 Total amortized intangible assets $ 17,047 $ 8,437 $ 8,610 $ 16,902 $ 7,550 $ 9,352 (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 2019 $ 22 $ 235 $ 257 2020 87 913 1,000 2021 87 891 978 2022 87 868 955 2023 86 841 927 Thereafter 1,263 3,230 4,493 $ 1,632 $ 6,978 $ 8,610 |
Short-Term Borrowings (Tables)
Short-Term Borrowings (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Debt Disclosure [Abstract] | |
Summary of Federal Funds Purchased and Other Short-term Borrowings are Included in Federal Home Loan Bank Advances on Consolidated Balance Sheets | Short-term borrowings, which consist of federal funds purchased and other short-term borrowings, are included in Federal Home Loan Bank advances on the Consolidated Balance Sheets and are summarized as follows: At September 30, 2019 At December 31, 2018 Federal Funds Purchased Short-term Borrowings Federal Funds Purchased Short-term Borrowings Outstanding balance $ — $ 181,100 $ — $ 188,600 Maximum indebtedness — 192,700 20,000 225,300 Average balance — 117,229 116 113,520 Average rate paid — 2.44 % 2.58 % 2.07 % Interest rate on balance — 2.11 % — 2.45 % |
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 September 30, 2019 and December 31, 2018. All of the repurchase agreements are overnight agreements. September 30, 2019 December 31, 2018 Securities pledged for repurchase agreements: U.S. Treasury securities $ 655 $ 861 Obligations of U.S. government agencies 14,433 21,338 Total securities pledged $ 15,088 $ 22,199 Gross amount of recognized liabilities for repurchase agreements $ 15,088 $ 22,199 Amounts related to agreements not included in offsetting disclosures above $ — $ — |
Earnings per Common Share (Tabl
Earnings per Common Share (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Earnings Per Share [Abstract] | |
Computation of Basic and Diluted Earnings per Common Share | Diluted earnings per common share include the dilutive effect, if any, of additional potential common shares issuable under the Company’s equity incentive plan, computed using the treasury stock method, and the impact of the Company’s convertible preferred shares using the “if converted” method. Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Basic Net income (loss) $ 7,708 $ (3,433 ) $ 26,038 $ 6,570 Preferred stock dividends 162 192 490 794 Net income (loss) available to common shareholders—basic $ 7,546 $ (3,625 ) $ 25,548 $ 5,776 Weighted average common shares outstanding—basic 15,577,371 11,627,093 15,604,410 10,775,577 Basic earnings (loss) per common share $ 0.48 $ (0.31 ) $ 1.64 $ 0.54 Diluted Net income (loss) available to common shareholders—basic $ 7,546 $ (3,625 ) $ 25,548 $ 5,776 Preferred stock dividends 162 192 490 794 Net income (loss) available to common shareholders—diluted $ 7,708 $ (3,433 ) $ 26,038 $ 6,570 Weighted average common shares outstanding for basic earnings per common share 15,577,371 11,627,093 15,604,410 10,775,577 Add: Dilutive effects of convertible preferred shares 1,272,516 1,643,980 1,286,876 2,054,825 Average shares and dilutive potential common shares outstanding—diluted 16,849,887 13,271,073 16,891,286 12,830,402 Diluted earnings (loss) per common share $ 0.46 $ (0.31 ) $ 1.54 $ 0.51 |
Commitments, Contingencies an_2
Commitments, Contingencies and Off-Balance Sheet Risk (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Commitments And Contingencies Disclosure [Abstract] | |
Contractual Amounts of Financial Instruments with Off-Balance-Sheet Risk | The contractual amounts of financial instruments with off-balance-sheet risk were as follows for September 30, 2019 and December 31, 2018: Contract Amount September 30, 2019 December 31, 2018 Fixed Rate Variable Rate Fixed Rate Variable Rate Commitment to extend credit: Lines of credit and construction loans $ 18,447 $ 376,469 $ 14,984 $ 359,220 Overdraft protection 4 46,976 3 37,201 Letters of credit 624 776 624 850 $ 19,075 $ 424,221 $ 15,611 $ 397,271 |
Pension Information (Tables)
Pension Information (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Compensation And Retirement Disclosure [Abstract] | |
Components of Net Periodic Pension Benefit | Net periodic pension benefit was as follows: Three months ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Service cost $ — $ — $ — $ — Interest cost 128 125 384 375 Expected return on plan assets (256 ) (273 ) (768 ) (819 ) Other components 147 143 441 429 Net periodic pension benefit (cost) $ 19 $ (5 ) $ 57 $ (15 ) |
Equity Incentive Plan (Tables)
Equity Incentive Plan (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | |
Summary of Company's Outstanding Restricted Stock | The following is a summary of the Company’s outstanding restricted shares and changes therein for the three- and nine-month periods ended September 30, 2019: Three months ended Nine Months Ended September 30, 2019 September 30, 2019 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 44,027 $ 20.48 39,970 $ 19.10 Granted — — 21,106 20.65 Vested — — (16,557 ) 17.31 Forfeited — — (492 ) 22.41 Nonvested at end of period 44,027 $ 20.48 44,027 $ 20.48 The following is a summary of the status of the Company’s outstanding restricted shares as of September 30, 2019: At September 30, 2019 Date of Award Shares Remaining Expense Remaining Vesting Period (Years) January 15, 2016 4,108 $ 26 1.25 March 20, 2017 3,725 12 0.25 March 20, 2017 3,581 55 2.25 April 10, 2018 5,282 60 1.25 April 10, 2018 6,225 101 3.25 March 14, 2019 10,188 153 2.25 March 14, 2019 10,918 170 4.25 44,027 $ 577 2.50 |
Fair Value Measurement (Tables)
Fair Value Measurement (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Fair Value Disclosures [Abstract] | |
Assets and Liabilities Measured at Fair Value | Assets and liabilities measured at fair value are summarized in the table below. Fair Value Measurements at September 30, 2019 Using: Assets: (Level 1) (Level 2) (Level 3) Assets measured at fair value on a recurring basis: Securities available for sale U.S. Treasury securities and obligations of U.S. Government agencies $ — $ 21,737 $ — Obligations of states and political subdivisions — 194,255 — Mortgage-backed securities in government sponsored entities — 139,295 — Total securities available for sale — 355,287 — Equity securities — 1,152 — Swap asset — 11,556 — Liabilities measured at fair value on a recurring basis: Swap liability — 11,556 — Assets measured at fair value on a nonrecurring basis: Impaired loans $ — $ — $ 30 Fair Value Measurements at December 31, 2018 Using: Assets: (Level 1) (Level 2) (Level 3) Assets measured at fair value on a recurring basis: Securities available for sale U.S. Treasury securities and obligations of U.S. Government agencies $ — $ 30,685 $ — Obligations of states and political subdivisions — 172,071 — Mortgage-backed securities in government sponsored entities — 143,538 — Total securities available for sale — 346,294 — Equity securities — 1,070 — Swap asset — 2,837 — Liabilities measured at fair value on a recurring basis: Swap liability — 2,837 — Assets measured at fair value on a nonrecurring basis: Impaired loans $ — $ — $ 1,803 |
Quantitative Information about Level 3 Fair Value Measurements | The following table presents quantitative information about the Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a nonrecurring basis at September 30, 2019. Quantitative Information about Level 3 Fair Value Measurements September 30, 2019 Fair Value Valuation Technique Unobservable Input Range Weighted Average Impaired loans $ 30 Appraisal of collateral Appraisal adjustments 10% - 30% 26% The following table 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, 2018. Quantitative Information about Level 3 Fair Value Measurements December 31, 2018 Fair Value Valuation Technique Unobservable Input Range Weighted Average Impaired loans $ 1,803 Appraisal of collateral Appraisal adjustments 0% - 30% 26% Liquidation expense 0% - 10% 8% Holding period 0 - 30 months 21 months |
Carrying Amount and Fair Value of Financial Instruments Not Measured at Fair Value on a Recurring or Nonrecurring Basis | The carrying amount and fair values of financial instruments not measured at fair value on a recurring or nonrecurring basis at September 30, 2019 are as follows: September 30, 2019 Carrying Amount Total Fair Value Level 1 Level 2 Level 3 Financial Assets: Cash and due from financial institutions $ 62,219 $ 62,219 $ 62,219 $ — $ — Other securities 20,280 20,280 20,280 — — Loans, held for sale 8,983 9,163 9,163 — — Loans, net of allowance 1,634,496 1,647,787 — — 1,647,787 Bank owned life insurance 44,745 44,745 44,745 — — Accrued interest receivable 7,501 7,501 7,501 — — Financial Liabilities: Nonmaturing deposits 1,365,695 1,365,695 1,365,695 — — Time deposits 266,926 267,745 — — 267,745 Short-term FHLB advances 181,100 181,100 181,100 — — Long-term FHLB advances 55,000 58,364 — — 58,364 Securities sold under agreement to repurchase 15,088 15,088 15,088 — — Subordinated debentures 29,427 36,415 — — 36,415 Accrued interest payable 271 271 271 — — The carrying amount and fair values of financial instruments not measured at fair value on a recurring or nonrecurring basis at December 31, 2018 are as follows: December 31, 2018 Carrying Amount Total Fair Value Level 1 Level 2 Level 3 Financial Assets: Cash and due from financial institutions $ 42,779 $ 42,779 $ 42,779 $ — $ — Other securities 21,021 21,021 21,021 — — Loans, held for sale 1,391 1,391 1,391 — — Loans, net of allowance 1,548,262 1,517,278 — — 1,517,278 Bank owned life insurance 43,037 43,037 43,037 — — Accrued interest receivable 6,723 6,723 6,723 — — Financial Liabilities: Nonmaturing deposits 1,312,207 1,312,207 1,312,207 — — Time deposits 267,686 267,943 — — 267,943 Short-term FHLB advances 188,600 188,600 188,600 — — Long-term FHLB advances 5,000 4,983 — — 4,983 Securities sold under agreement to repurchase 22,199 22,199 22,199 — — Subordinated debentures 29,427 34,620 — — 34,620 Accrued interest payable 230 230 230 — — |
Derivatives (Tables)
Derivatives (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Derivative Instruments And Hedging Activities Disclosure [Abstract] | |
Summary of Interest Rate Swap Transactions | The following table summarizes the Company’s interest rate swap positions as of September 30, 2019. Classification on the Consolidated Balance Sheet Notional Amount Fair Value Weighted Average Rate Received/(Paid) Derivative Assets Other Assets $ 140,477 $ 11,556 5.12 % Derivative Liabilities Accrued expenses and other liabilities (140,477 ) (11,556 ) -5.12 % Net Exposure $ — $ — The following table summarizes the Company’s interest rate swap positions as of December 31, 2018. Classification on the Consolidated Balance Sheet Notional Amount Fair Value Weighted Average Rate Received/(Paid) Derivative Assets Other Assets $ 120,131 $ 2,837 5.19 % Derivative Liabilities Accrued expenses and other liabilities (120,131 ) (2,837 ) -5.19 % Net Exposure $ — $ — |
Revenue Recognition (Tables)
Revenue Recognition (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Revenue From Contract With Customer [Abstract] | |
Summary of Noninterest Income Segregated By Revenue Streams In-scope and Out-of-scope of Topic 606 | The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three- and nine-months ended September 30, 2019 and 2018. Three Months Ended Nine Months Ended September 30, September 30, 2019 2018 2019 2018 Noninterest Income In-scope of Topic 606: Service charges $ 1,726 $ 1,219 $ 4,733 $ 3,712 ATM/Interchange fees 1,014 622 2,871 1,764 Wealth management fees 975 873 2,733 2,561 Tax refund processing fees — — 2,750 2,750 Other 280 203 675 650 Noninterest Income (in-scope of Topic 606) 3,995 2,917 13,762 11,437 Noninterest Income (out-of-scope of Topic 606) 1,434 371 3,054 1,856 Total Noninterest Income $ 5,429 $ 3,288 $ 16,816 $ 13,293 |
Leases (Tables)
Leases (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Leases [Abstract] | |
Summary of Balance Sheet Information Related To Operating Leases | The balance sheet information related to our operating leases were as follows as of September 30, 2019: Classification on the Consolidated Balance Sheet September 30, 2019 Assets: Operating lease Other assets $ 2,367 Liabilities: Operating lease Accrued expenses and other liabilities $ 2,367 |
Summary of Cost Components of Operating Leases | Three Months Ended Nine Months Ended September 30, September 30, 2019 2019 Lease cost Operating lease cost $ 104 $ 299 Short-term lease cost 71 214 Sublease income (13 ) (40 ) Total lease cost $ 162 $ 473 |
Summary of Maturity of Operating Lease Liabilities | Maturities of our lease liabilities for all operating leases for each of the next five years and thereafter is as follows: 2019 $ 105 2020 408 2021 394 2022 334 2023 327 Thereafter 1,105 Total lease payments $ 2,673 Less: Imputed Interest 306 Present value of lease liabilities $ 2,367 |
Summary of Weighted Average Remaining Lease Terms And Discount Rates For Operating Leases | The weighted average remaining lease terms and discount rates for all of our operating leases were as follows as of September 30, 2019: Weighted-average remaining lease term-operating leases (years) 6.15 Weighted-average discount rate-operating leases 3.11 % |
Consolidated Financial Statem_2
Consolidated Financial Statements - Additional Information (Detail) $ in Thousands | 9 Months Ended |
Sep. 30, 2019USD ($)DwellingSegment | |
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items] | |
Number of loan concentration by bank to lessors and owners of Residential Buildings and Dwellings | Dwelling | 2 |
Number of reportable segment | Segment | 1 |
Non Residential Buildings and Dwellings [Member] | |
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items] | |
Amount payable to lessors | $ 427,503 |
Amount payable to lessors in percentage | 25.80% |
Residential Buildings and Dwellings [Member] | |
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items] | |
Amount payable to lessors | $ 166,199 |
Amount payable to lessors in percentage | 10.00% |
Maximum [Member] | |
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items] | |
Percentage of insurance commission revenue of total revenue | 1.00% |
Maximum [Member] | WSP [Member] | |
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items] | |
Percentage of insurance commission revenue of total revenue | 1.00% |
Significant Accounting Polici_3
Significant Accounting Policies - Additional Information (Detail) - USD ($) | 9 Months Ended | |
Sep. 30, 2019 | Jan. 01, 2019 | |
Significant Accounting Policies [Line Items] | ||
Right-of-use asset | $ 2,367,000 | |
Lease liability | 2,367,000 | |
ASU 2016-02 [Member] | ||
Significant Accounting Policies [Line Items] | ||
Change in accounting principle for adoption of ASU 2016-02 | $ 0 | |
Other Assets [Member] | ||
Significant Accounting Policies [Line Items] | ||
Right-of-use asset | $ 2,210,000 | |
Accrued Expenses and Other Liabilities [Member] | ||
Significant Accounting Policies [Line Items] | ||
Lease liability | $ 2,210,000 |
Securities - Available for Sale
Securities - Available for Sale Securities (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost, Total securities available for sale | $ 336,152 | $ 343,323 |
Gross Unrealized Gains | 19,269 | 4,906 |
Gross Unrealized Losses | (134) | (1,935) |
Fair Value | 355,287 | 346,294 |
U.S. Treasury Securities and Obligations of U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost, Total securities available for sale | 21,534 | 30,623 |
Gross Unrealized Gains | 216 | 202 |
Gross Unrealized Losses | (13) | (140) |
Fair Value | 21,737 | 30,685 |
Obligations of States and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost, Total securities available for sale | 179,954 | 168,993 |
Gross Unrealized Gains | 14,314 | 3,680 |
Gross Unrealized Losses | (13) | (602) |
Fair Value | 194,255 | 172,071 |
Mortgage-backed Securities in Government Sponsored Entities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost, Total securities available for sale | 134,664 | 143,707 |
Gross Unrealized Gains | 4,739 | 1,024 |
Gross Unrealized Losses | (108) | (1,193) |
Fair Value | $ 139,295 | $ 143,538 |
Securities - Amortized Cost and
Securities - Amortized Cost and Fair Value of Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Investments Debt And Equity Securities [Abstract] | ||
Amortized Cost, Due in one year or less | $ 10,142 | |
Amortized Cost, Due after one year through five years | 16,274 | |
Amortized Cost, Due after five years through ten years | 21,766 | |
Amortized Cost, Due after ten years | 153,306 | |
Amortized Cost, Mortgage-backed securities | 134,664 | |
Amortized Cost, Total securities available for sale | 336,152 | $ 343,323 |
Fair Value, Due in one year or less | 10,134 | |
Fair Value, Due after one year through five years | 16,558 | |
Fair Value, Due after five years through ten years | 23,229 | |
Fair Value, Due after ten years | 166,071 | |
Fair Value, Mortgage-backed securities | 139,295 | |
Fair Value, Total securities available for sale | $ 355,287 | $ 346,294 |
Securities - Proceeds from Sale
Securities - Proceeds from Sales of Securities, Gross Realized Gains and Losses (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Investments Debt And Equity Securities [Abstract] | ||||
Sale proceeds | $ 0 | $ 12,063 | $ 16,829 | $ 12,063 |
Gross realized gains | 0 | 0 | 47 | 0 |
Gross realized losses | 0 | 392 | 43 | 392 |
Gains from securities called or settled by the issuer | $ 3 | $ 6 | $ 13 | $ 6 |
Securities - Additional Informa
Securities - Additional Information (Detail) $ in Thousands | Sep. 30, 2019USD ($)Security | Dec. 31, 2018USD ($) |
Investments Debt And Equity Securities [Abstract] | ||
Carrying value of pledged securities | $ | $ 143,361 | $ 114,145 |
Number of securities in portfolio with unrealized losses | Security | 33 |
Securities - Securities with Un
Securities - Securities with Unrealized Losses Not Recognized in Income (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Schedule of Available-for-sale Securities [Line Items] | ||
12 Months or less, Fair Value | $ 5,823 | $ 14,638 |
12 Months or less, Unrealized Loss | (45) | (161) |
More than 12 months, Fair Value | 17,319 | 82,692 |
More than 12 months, Unrealized Loss | (89) | (1,774) |
Total Fair Value | 23,142 | 97,330 |
Total Unrealized Loss | (134) | (1,935) |
U.S. Treasury Securities and Obligations of U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
More than 12 months, Fair Value | 3,430 | 16,469 |
More than 12 months, Unrealized Loss | (13) | (140) |
Total Fair Value | 3,430 | 16,469 |
Total Unrealized Loss | (13) | (140) |
Obligations of States and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
12 Months or less, Fair Value | 957 | 8,008 |
12 Months or less, Unrealized Loss | (12) | (71) |
More than 12 months, Fair Value | 1,005 | 25,890 |
More than 12 months, Unrealized Loss | (1) | (531) |
Total Fair Value | 1,962 | 33,898 |
Total Unrealized Loss | (13) | (602) |
Mortgage-backed Securities in Government Sponsored Entities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
12 Months or less, Fair Value | 4,866 | 6,630 |
12 Months or less, Unrealized Loss | (33) | (90) |
More than 12 months, Fair Value | 12,884 | 40,333 |
More than 12 months, Unrealized Loss | (75) | (1,103) |
Total Fair Value | 17,750 | 46,963 |
Total Unrealized Loss | $ (108) | $ (1,193) |
Securities - Schedule of Net Ga
Securities - Schedule of Net Gains and Losses on Equity Investments Recognized in Earnings and Portion of Unrealized Gains and Losses for Period that Relates to Equity Investments (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Investments Debt And Equity Securities [Abstract] | ||||
Net gains recognized on equity securities during the period | $ 112 | $ 27 | $ 81 | $ 102 |
Unrealized gains recognized in equity securities held at reporting date | $ 112 | $ 27 | $ 81 | $ 102 |
Loans - Loan Balances (Detail)
Loans - Loan Balances (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | $ 1,648,640 | $ 1,561,941 |
Allowance for loan losses | (14,144) | (13,679) |
Net loans | 1,634,496 | 1,548,262 |
Commercial and Agriculture [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 196,833 | 177,101 |
Commercial Real Estate Owner Occupied [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 226,501 | 210,121 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 558,804 | 523,598 |
Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 465,455 | 457,850 |
Real Estate Construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 149,018 | 135,195 |
Farm Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 36,286 | 38,513 |
Consumer and Other [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | $ 15,743 | $ 19,563 |
Loans - Additional Information
Loans - Additional Information (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Receivables [Abstract] | ||
Net deferred loan fees | $ 356 | $ 389 |
Allowance for Loan Losses - Add
Allowance for Loan Losses - Additional Information (Detail) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2019USD ($)SecurityLoan | Sep. 30, 2018SecurityLoan | Sep. 30, 2019USD ($)SecurityLoan | Sep. 30, 2018SecurityLoan | Dec. 31, 2018USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Period for calculating Loss migration rates of portfolio segments | 3 years | ||||
Allowance for loan losses | $ 14,144,000 | $ 14,144,000 | $ 13,679,000 | ||
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 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. | ||||
Defaulted loans | SecurityLoan | 0 | 0 | 0 | 0 | |
Impaired loans | greater than $350 | ||||
Allowance for loan losses recorded for acquired loans | $ 0 | 8,000 | |||
Foreclosed assets | $ 0 | 0 | 0 | ||
Residential Mortgage [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Residential mortgages in process of foreclosure | 479,000 | 479,000 | 311,000 | ||
TDRs [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Allowance for loan losses | $ 104,000 | $ 104,000 | $ 143,000 |
Allowance for Loan Losses - Cha
Allowance for Loan Losses - Changes in the Allowance for Loan Losses (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | $ 13,786 | $ 12,867 | $ 13,679 | $ 13,134 |
Charge-offs | (36) | (133) | (431) | (784) |
Recoveries | 244 | 207 | 746 | 591 |
Provision | 150 | 390 | 150 | 390 |
Ending Balance | 14,144 | 13,331 | 14,144 | 13,331 |
Commercial and Agriculture [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 1,828 | 1,630 | 1,747 | 1,562 |
Charge-offs | (27) | (248) | ||
Recoveries | 61 | 64 | 65 | 168 |
Provision | 43 | (63) | 147 | 149 |
Ending Balance | 1,932 | 1,631 | 1,932 | 1,631 |
Commercial Real Estate Owner Occupied [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 2,009 | 2,161 | 1,962 | 2,043 |
Charge-offs | (60) | (193) | ||
Recoveries | 43 | 18 | 282 | 148 |
Provision | 85 | (136) | (47) | 45 |
Ending Balance | 2,137 | 2,043 | 2,137 | 2,043 |
Commercial Real Estate Non Owner Occupied [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 5,867 | 5,135 | 5,803 | 5,307 |
Charge-offs | (76) | (121) | ||
Recoveries | 55 | 2 | 99 | 23 |
Provision | 226 | 384 | 246 | 236 |
Ending Balance | 6,148 | 5,445 | 6,148 | 5,445 |
Residential Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 1,698 | 1,691 | 1,531 | 1,910 |
Charge-offs | (20) | (12) | (223) | (74) |
Recoveries | 67 | 88 | 229 | 181 |
Provision | (136) | 32 | 72 | (218) |
Ending Balance | 1,609 | 1,799 | 1,609 | 1,799 |
Real Estate Construction [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 1,135 | 861 | 1,046 | 834 |
Charge-offs | (24) | |||
Recoveries | 1 | 1 | ||
Provision | 47 | 120 | 160 | 147 |
Ending Balance | 1,183 | 981 | 1,183 | 981 |
Farm Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 365 | 410 | 397 | 430 |
Recoveries | 1 | 1 | 3 | 4 |
Provision | 1 | (18) | (33) | (41) |
Ending Balance | 367 | 393 | 367 | 393 |
Consumer and Other [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 201 | 300 | 284 | 290 |
Charge-offs | (16) | (45) | (97) | (148) |
Recoveries | 16 | 34 | 67 | 67 |
Provision | 52 | 26 | (1) | 106 |
Ending Balance | 253 | 315 | 253 | 315 |
Unallocated [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 683 | 679 | 909 | 758 |
Provision | (168) | 45 | (394) | (34) |
Ending Balance | $ 515 | $ 724 | $ 515 | $ 724 |
Allowance for Loan Losses - End
Allowance for Loan Losses - Ending Allocation of Allowance for Loan Losses and Loan Balances Outstanding (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Jun. 30, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Individually evaluated for impairment | $ 104 | $ 141 | ||||
Allowance for loan losses, Collectively evaluated for impairment | 14,040 | 13,530 | ||||
Allowance for loan losses, Total | 14,144 | $ 13,786 | 13,679 | $ 13,331 | $ 12,867 | $ 13,134 |
Outstanding loan balances, Individually evaluated for impairment | 2,899 | 2,857 | ||||
Outstanding loan balances, Collectively evaluated for impairment | 1,645,202 | 1,558,160 | ||||
Outstanding loan balances, Total | 1,648,640 | 1,561,941 | ||||
Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans acquired with credit deterioration | 8 | |||||
Loan balance of loans acquired with credit deterioration | 539 | 924 | ||||
Commercial and Agriculture [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Collectively evaluated for impairment | 1,932 | 1,747 | ||||
Allowance for loan losses, Total | 1,932 | 1,828 | 1,747 | 1,631 | 1,630 | 1,562 |
Outstanding loan balances, Individually evaluated for impairment | 367 | 367 | ||||
Outstanding loan balances, Collectively evaluated for impairment | 196,466 | 176,693 | ||||
Outstanding loan balances, Total | 196,833 | 177,101 | ||||
Commercial and Agriculture [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loan balance of loans acquired with credit deterioration | 41 | |||||
Commercial Real Estate Owner Occupied [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Individually evaluated for impairment | 6 | 12 | ||||
Allowance for loan losses, Collectively evaluated for impairment | 2,131 | 1,950 | ||||
Allowance for loan losses, Total | 2,137 | 2,009 | 1,962 | 2,043 | 2,161 | 2,043 |
Outstanding loan balances, Individually evaluated for impairment | 436 | 484 | ||||
Outstanding loan balances, Collectively evaluated for impairment | 226,065 | 209,637 | ||||
Outstanding loan balances, Total | 226,501 | 210,121 | ||||
Commercial Real Estate Non Owner Occupied [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Collectively evaluated for impairment | 6,148 | 5,803 | ||||
Allowance for loan losses, Total | 6,148 | 5,867 | 5,803 | 5,445 | 5,135 | 5,307 |
Outstanding loan balances, Individually evaluated for impairment | 376 | 31 | ||||
Outstanding loan balances, Collectively evaluated for impairment | 558,428 | 523,567 | ||||
Outstanding loan balances, Total | 558,804 | 523,598 | ||||
Residential Real Estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Individually evaluated for impairment | 98 | 122 | ||||
Allowance for loan losses, Collectively evaluated for impairment | 1,511 | 1,401 | ||||
Allowance for loan losses, Total | 1,609 | 1,698 | 1,531 | 1,799 | 1,691 | 1,910 |
Outstanding loan balances, Individually evaluated for impairment | 1,039 | 1,279 | ||||
Outstanding loan balances, Collectively evaluated for impairment | 463,877 | 455,688 | ||||
Outstanding loan balances, Total | 465,455 | 457,850 | ||||
Residential Real Estate [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loans acquired with credit deterioration | 8 | |||||
Loan balance of loans acquired with credit deterioration | 539 | 883 | ||||
Real Estate Construction [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Collectively evaluated for impairment | 1,183 | 1,046 | ||||
Allowance for loan losses, Total | 1,183 | 1,135 | 1,046 | 981 | 861 | 834 |
Outstanding loan balances, Collectively evaluated for impairment | 149,018 | 135,195 | ||||
Outstanding loan balances, Total | 149,018 | 135,195 | ||||
Farm Real Estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Individually evaluated for impairment | 7 | |||||
Allowance for loan losses, Collectively evaluated for impairment | 367 | 390 | ||||
Allowance for loan losses, Total | 367 | 365 | 397 | 393 | 410 | 430 |
Outstanding loan balances, Individually evaluated for impairment | 681 | 696 | ||||
Outstanding loan balances, Collectively evaluated for impairment | 35,605 | 37,817 | ||||
Outstanding loan balances, Total | 36,286 | 38,513 | ||||
Consumer and Other [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Collectively evaluated for impairment | 253 | 284 | ||||
Allowance for loan losses, Total | 253 | 201 | 284 | 315 | 300 | 290 |
Outstanding loan balances, Collectively evaluated for impairment | 15,743 | 19,563 | ||||
Outstanding loan balances, Total | 15,743 | 19,563 | ||||
Unallocated [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Collectively evaluated for impairment | 515 | 909 | ||||
Allowance for loan losses, Total | $ 515 | $ 683 | $ 909 | $ 724 | $ 679 | $ 758 |
Allowance for Loan Losses - Cre
Allowance for Loan Losses - Credit Exposures by Internally Assigned Grades (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | $ 1,235,799 | $ 1,154,740 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 1,210,096 | 1,125,796 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 7,985 | 10,733 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 17,718 | 18,211 |
Commercial and Agriculture [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 196,833 | 177,101 |
Commercial and Agriculture [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 193,224 | 173,783 |
Commercial and Agriculture [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 738 | 1,509 |
Commercial and Agriculture [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 2,871 | 1,809 |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 226,501 | 210,121 |
Commercial Real Estate Owner Occupied [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 217,643 | 201,228 |
Commercial Real Estate Owner Occupied [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 3,759 | 3,512 |
Commercial Real Estate Owner Occupied [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 5,099 | 5,381 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 558,804 | 523,598 |
Commercial Real Estate Non Owner Occupied [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 555,893 | 520,487 |
Commercial Real Estate Non Owner Occupied [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 2,258 | 2,023 |
Commercial Real Estate Non Owner Occupied [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 653 | 1,088 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 78,227 | 78,851 |
Residential Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 71,298 | 70,908 |
Residential Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 651 | 580 |
Residential Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 6,278 | 7,363 |
Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 138,231 | 124,823 |
Real Estate Construction [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 138,221 | 124,769 |
Real Estate Construction [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 13 | |
Real Estate Construction [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 10 | 41 |
Farm Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 36,286 | 38,513 |
Farm Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 32,920 | 32,908 |
Farm Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 579 | 3,096 |
Farm Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 2,787 | 2,509 |
Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 917 | 1,733 |
Consumer and Other [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 897 | 1,713 |
Consumer and Other [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | $ 20 | $ 20 |
Allowance for Loan Losses - Per
Allowance for Loan Losses - Performing and Nonperforming Loans (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Financing Receivable, Recorded Investment [Line Items] | ||
Performing | $ 412,807 | $ 407,201 |
Nonperforming | 34 | |
Total | 412,841 | 407,201 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Performing | 387,228 | 378,999 |
Total | 387,228 | 378,999 |
Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Performing | 10,787 | 10,372 |
Total | 10,787 | 10,372 |
Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Performing | 14,792 | 17,830 |
Nonperforming | 34 | |
Total | $ 14,826 | $ 17,830 |
Allowance for Loan Losses - Agi
Allowance for Loan Losses - Aging Analysis of Past Due Loans (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 4,162 | $ 11,805 |
Current | 1,643,939 | 1,549,212 |
Total Loans | 1,648,640 | 1,561,941 |
Past Due 90 Days and Accruing | 17 | |
30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,634 | 8,328 |
60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 296 | 1,449 |
90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,232 | 2,028 |
Receivables Acquired with Deteriorated Credit Quality [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Purchased Credit-Impaired Loans | 539 | 924 |
Commercial and Agriculture [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 686 | 317 |
Current | 196,147 | 176,743 |
Total Loans | 196,833 | 177,101 |
Commercial and Agriculture [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 531 | 225 |
Commercial and Agriculture [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 56 | |
Commercial and Agriculture [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 99 | 92 |
Commercial and Agriculture [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Purchased Credit-Impaired Loans | 41 | |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 980 | 1,524 |
Current | 225,521 | 208,597 |
Total Loans | 226,501 | 210,121 |
Commercial Real Estate Owner Occupied [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 206 | 547 |
Commercial Real Estate Owner Occupied [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 413 | |
Commercial Real Estate Owner Occupied [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 774 | 564 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 257 | 950 |
Current | 558,547 | 522,648 |
Total Loans | 558,804 | 523,598 |
Commercial Real Estate Non Owner Occupied [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 248 | 288 |
Commercial Real Estate Non Owner Occupied [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 290 | |
Commercial Real Estate Non Owner Occupied [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 9 | 372 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,908 | 8,601 |
Current | 463,008 | 448,366 |
Total Loans | 465,455 | 457,850 |
Residential Real Estate [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 367 | 7,118 |
Residential Real Estate [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 234 | 677 |
Residential Real Estate [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,307 | 806 |
Residential Real Estate [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Purchased Credit-Impaired Loans | 539 | 883 |
Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 84 | 39 |
Current | 148,934 | 135,156 |
Total Loans | 149,018 | 135,195 |
Real Estate Construction [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 84 | |
Real Estate Construction [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 12 | |
Real Estate Construction [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 27 | |
Farm Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 131 | 191 |
Current | 36,155 | 38,322 |
Total Loans | 36,286 | 38,513 |
Farm Real Estate [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 122 | 33 |
Farm Real Estate [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 9 | 158 |
Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 116 | 183 |
Current | 15,627 | 19,380 |
Total Loans | 15,743 | 19,563 |
Past Due 90 Days and Accruing | 17 | |
Consumer and Other [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 76 | 117 |
Consumer and Other [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 6 | 57 |
Consumer and Other [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 34 | $ 9 |
Allowance for Loan Losses - Sum
Allowance for Loan Losses - Summary of Nonaccrual Loans Excluding Purchased Credit-Impaired (PCI) Loans (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | $ 5,621 | $ 5,869 |
Commercial and Agriculture [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 238 | 270 |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 1,090 | 942 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 9 | 374 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 3,958 | 3,886 |
Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 10 | 41 |
Farm Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 299 | 338 |
Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | $ 17 | $ 18 |
Allowance for Loan Losses - Sch
Allowance for Loan Losses - Schedule of TDR (Detail) $ in Thousands | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2018USD ($)Contract | Sep. 30, 2019USD ($)Contract | Sep. 30, 2018USD ($)Contract | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Number of Contracts | Contract | 2 | 1 | 2 |
Pre- Modification Outstanding Recorded Investment | $ 133 | $ 382 | $ 133 |
Post-Modification Outstanding Recorded Investment | $ 133 | $ 382 | $ 133 |
Commercial Real Estate Non Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Number of Contracts | Contract | 1 | ||
Pre- Modification Outstanding Recorded Investment | $ 382 | ||
Post-Modification Outstanding Recorded Investment | $ 382 | ||
Residential Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Number of Contracts | Contract | 1 | 1 | |
Pre- Modification Outstanding Recorded Investment | $ 23 | $ 23 | |
Post-Modification Outstanding Recorded Investment | $ 23 | $ 23 | |
Farm Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Number of Contracts | Contract | 1 | 1 | |
Pre- Modification Outstanding Recorded Investment | $ 110 | $ 110 | |
Post-Modification Outstanding Recorded Investment | $ 110 | $ 110 |
Allowance for Loan Losses - Imp
Allowance for Loan Losses - Impaired Loans Excluding PCI Loans - Recorded Investment and Unpaid Principal Balances (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | $ 2,393 | $ 1,864 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 2,465 | 1,939 |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 506 | 993 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 510 | 996 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 104 | 141 |
Impaired financing receivables, Recorded Investment, Total | 2,899 | 2,857 |
Impaired financing receivables, Unpaid Principal Balance, Total | 2,975 | 2,935 |
Impaired financing receivables, Related Allowance, Total | 104 | 141 |
Commercial and Agriculture [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 367 | 367 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 367 | 367 |
Impaired financing receivables, Recorded Investment, Total | 367 | 367 |
Impaired financing receivables, Unpaid Principal Balance, Total | 367 | 367 |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 175 | 193 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 175 | 193 |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 261 | 291 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 261 | 291 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 6 | 12 |
Impaired financing receivables, Recorded Investment, Total | 436 | 484 |
Impaired financing receivables, Unpaid Principal Balance, Total | 436 | 484 |
Impaired financing receivables, Related Allowance, Total | 6 | 12 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 376 | 31 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 376 | 34 |
Impaired financing receivables, Recorded Investment, Total | 376 | 31 |
Impaired financing receivables, Unpaid Principal Balance, Total | 376 | 34 |
Residential Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 794 | 1,017 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 866 | 1,089 |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 245 | 262 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 249 | 265 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 98 | 122 |
Impaired financing receivables, Recorded Investment, Total | 1,039 | 1,279 |
Impaired financing receivables, Unpaid Principal Balance, Total | 1,115 | 1,354 |
Impaired financing receivables, Related Allowance, Total | 98 | 122 |
Farm Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 681 | 256 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 681 | 256 |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 440 | |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 440 | |
Impaired financing receivables, with an allowance recorded, Related Allowance | 7 | |
Impaired financing receivables, Recorded Investment, Total | 681 | 696 |
Impaired financing receivables, Unpaid Principal Balance, Total | $ 681 | 696 |
Impaired financing receivables, Related Allowance, Total | $ 7 |
Allowance for Loan Losses - I_2
Allowance for Loan Losses - Impaired Loans - Average Recorded Investment and Interest Income Recognized (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Financing Receivable, Impaired [Line Items] | ||||
Average Recorded Investment | $ 2,957 | $ 3,777 | $ 2,957 | $ 3,687 |
Interest Income Recognized | 47 | 40 | 131 | 122 |
Commercial and Agriculture [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average Recorded Investment | 367 | 675 | 367 | 704 |
Interest Income Recognized | 12 | 6 | 24 | 19 |
Commercial Real Estate Owner Occupied [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average Recorded Investment | 448 | 511 | 463 | 641 |
Interest Income Recognized | 8 | 9 | 25 | 26 |
Commercial Real Estate Non Owner Occupied [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average Recorded Investment | 378 | 38 | 292 | 41 |
Interest Income Recognized | 6 | 1 | 15 | 4 |
Residential Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average Recorded Investment | 1,083 | 1,811 | 1,148 | 1,580 |
Interest Income Recognized | 14 | 17 | 45 | 51 |
Farm Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average Recorded Investment | 681 | 742 | 687 | 721 |
Interest Income Recognized | $ 7 | $ 7 | $ 22 | $ 22 |
Allowance for Loan Losses - S_2
Allowance for Loan Losses - Schedule of Changes in Amortized Yield for PCI Loans (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Movement Schedule Roll Forward | ||||
Balance at beginning of period | $ 259 | $ 6 | $ 336 | $ 15 |
Acquisition of PCI loans | 0 | 334 | 0 | 334 |
Accretion | (3) | (2) | (80) | (11) |
Balance at end of period | $ 256 | $ 338 | $ 256 | $ 338 |
Allowance for Loan Losses - S_3
Allowance for Loan Losses - Schedule of Loans Acquired and Accounted (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Receivables [Abstract] | ||
Outstanding balance | $ 1,283 | $ 1,805 |
Carrying amount | $ 539 | $ 924 |
Other Comprehensive Income - Ch
Other Comprehensive Income - Changes in Each Component of Accumulated Other Comprehensive Income (Loss), Net of Tax (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | $ 324,212 | $ 189,848 | $ 298,898 | $ 184,461 |
Total other comprehensive income (loss) | 3,058 | (625) | 13,119 | (3,479) |
Ending balance | 329,263 | 289,388 | 329,263 | 289,388 |
Unrealized Gains (Losses) on Available-for-Sale Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | 12,176 | (173) | 2,347 | 3,185 |
Other comprehensive income (loss) before reclassifications | 2,944 | (1,048) | 12,784 | (4,123) |
Amounts reclassified from accumulated other comprehensive income (loss) | (2) | 310 | (13) | 305 |
Total other comprehensive income (loss) | 2,942 | (738) | 12,771 | (3,818) |
Reclassification of equity securities from accumulated other comprehensive loss | (278) | |||
Ending balance | 15,118 | (911) | 15,118 | (911) |
Defined Benefit Pension Items [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | (3,567) | (4,083) | (3,799) | (4,309) |
Amounts reclassified from accumulated other comprehensive income (loss) | 116 | 113 | 348 | 339 |
Total other comprehensive income (loss) | 116 | 113 | 348 | 339 |
Ending balance | (3,451) | (3,970) | (3,451) | (3,970) |
Accumulated Other Comprehensive Income (Loss) [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | 8,609 | (4,256) | (1,452) | (1,124) |
Other comprehensive income (loss) before reclassifications | 2,944 | (1,048) | 12,784 | (4,123) |
Amounts reclassified from accumulated other comprehensive income (loss) | 114 | 423 | 335 | 644 |
Total other comprehensive income (loss) | 3,058 | (625) | 13,119 | (3,479) |
Reclassification of equity securities from accumulated other comprehensive loss | (278) | |||
Ending balance | $ 11,667 | $ (4,881) | $ 11,667 | $ (4,881) |
Other Comprehensive Income - Am
Other Comprehensive Income - Amounts Reclassified Out of Each Component of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Net gain (loss) on sale of securities | $ 3 | $ (392) | $ 17 | $ (386) |
Other operating expenses | (2,719) | (2,498) | (7,944) | (6,358) |
Income tax expense | (1,258) | 1 | (4,688) | (1,407) |
Net Income (loss) | 7,708 | (3,433) | 26,038 | 6,570 |
Reclassification out of Accumulated Other Comprehensive Loss [Member] | ||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Net Income (loss) | (114) | (423) | (335) | (644) |
Accumulated Defined Benefit Plans Adjustment, Actuarial gains/(Losses) [Member] | Reclassification out of Accumulated Other Comprehensive Loss [Member] | ||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Other operating expenses | (147) | (143) | (441) | (429) |
Income tax expense | 31 | 30 | 93 | 90 |
Net Income (loss) | (116) | (113) | (348) | (339) |
Unrealized gains 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 | 3 | (392) | 17 | (386) |
Income tax expense | (1) | 82 | (4) | 81 |
Net Income (loss) | $ 2 | $ (310) | $ 13 | $ (305) |
Goodwill and Intangible Asset_2
Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |||||
Goodwill | $ 76,851 | $ 76,851 | $ 76,851 | ||
Amortization of core deposit intangible assets | 235 | $ 26 | 710 | $ 85 | |
Aggregate mortgage servicing rights amortization | $ 81 | $ 22 | $ 176 | $ 65 |
Goodwill and Intangible Asset_3
Goodwill and Intangible Assets - Schedule of Acquired Intangible Assets, Other than Goodwill (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | $ 17,047 | $ 16,902 |
Accumulated Amortization | 8,437 | 7,550 |
Net Carrying Amount | 8,610 | 9,352 |
MSRs [Member] | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 2,255 | 2,110 |
Accumulated Amortization | 623 | 446 |
Net Carrying Amount | 1,632 | 1,664 |
Core deposit intangibles [Member] | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 14,792 | 14,792 |
Accumulated Amortization | 7,814 | 7,104 |
Net Carrying Amount | $ 6,978 | $ 7,688 |
Goodwill and Intangible Asset_4
Goodwill and Intangible Assets - Schedule of Estimated Amortization Expense (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Acquired Finite-Lived Intangible Assets [Line Items] | ||
2019 | $ 257 | |
2020 | 1,000 | |
2021 | 978 | |
2022 | 955 | |
2023 | 927 | |
Thereafter | 4,493 | |
Net Carrying Amount | 8,610 | $ 9,352 |
MSRs [Member] | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
2019 | 22 | |
2020 | 87 | |
2021 | 87 | |
2022 | 87 | |
2023 | 86 | |
Thereafter | 1,263 | |
Net Carrying Amount | 1,632 | 1,664 |
Core deposit intangibles [Member] | ||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
2019 | 235 | |
2020 | 913 | |
2021 | 891 | |
2022 | 868 | |
2023 | 841 | |
Thereafter | 3,230 | |
Net Carrying Amount | $ 6,978 | $ 7,688 |
Short-Term Borrowings - Summary
Short-Term Borrowings - Summary of Federal Funds Purchased and Other Short-term Borrowings are Included in Federal Home Loan Bank Advances on Consolidated Balance Sheets (Detail) - USD ($) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2019 | Dec. 31, 2018 | |
Federal Funds Purchased [Member] | ||
Short-term Debt [Line Items] | ||
Maximum indebtedness | $ 20,000,000 | |
Average balance | $ 116,000 | |
Average rate paid | 2.58% | |
Short Term Borrowings, FHLB advances [Member] | ||
Short-term Debt [Line Items] | ||
Outstanding balance | $ 181,100,000 | $ 188,600,000 |
Maximum indebtedness | 192,700,000 | 225,300,000 |
Average balance | $ 117,229,000 | $ 113,520,000 |
Average rate paid | 2.44% | 2.07% |
Interest rate on balance | 2.11% | 2.45% |
Short-Term Borrowings - Summa_2
Short-Term Borrowings - Summary of Securities Pledged as Collateral Under Repurchase Agreements (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Offsetting Liabilities [Line Items] | ||
Total securities pledged | $ 15,088 | $ 22,199 |
Gross amount of recognized liabilities for repurchase agreements | 15,088 | 22,199 |
Amounts related to agreements not included in offsetting disclosures above | 0 | 0 |
U.S.Treasury Securities [Member] | ||
Offsetting Liabilities [Line Items] | ||
Total securities pledged | 655 | 861 |
Obligations of U.S. Government Agencies [Member] | ||
Offsetting Liabilities [Line Items] | ||
Total securities pledged | $ 14,433 | $ 21,338 |
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 | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Basic | ||||
Net income (loss) | $ 7,708 | $ (3,433) | $ 26,038 | $ 6,570 |
Preferred stock dividends | 162 | 192 | 490 | 794 |
Net income (loss) available to common shareholders | $ 7,546 | $ (3,625) | $ 25,548 | $ 5,776 |
Weighted average common shares outstanding for basic earnings per common share | 15,577,371 | 11,627,093 | 15,604,410 | 10,775,577 |
Basic earnings (loss) per common share | $ 0.48 | $ (0.31) | $ 1.64 | $ 0.54 |
Diluted | ||||
Net income (loss) available to common shareholders—basic | $ 7,546 | $ (3,625) | $ 25,548 | $ 5,776 |
Preferred stock dividends | 162 | 192 | 490 | 794 |
Net income (loss) available to common shareholders—diluted | $ 7,708 | $ (3,433) | $ 26,038 | $ 6,570 |
Weighted average common shares outstanding for basic earnings per common share | 15,577,371 | 11,627,093 | 15,604,410 | 10,775,577 |
Add: Dilutive effects of convertible preferred shares | 1,272,516 | 1,643,980 | 1,286,876 | 2,054,825 |
Average shares and dilutive potential common shares outstanding—diluted | 16,849,887 | 13,271,073 | 16,891,286 | 12,830,402 |
Diluted earnings (loss) per common share | $ 0.46 | $ (0.31) | $ 1.54 | $ 0.51 |
Earnings per Common Share - Add
Earnings per Common Share - Additional Information (Detail) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Earnings Per Share [Abstract] | ||||
Dilutive shares related to convertible preferred shares | 1,272,516 | 1,643,980 | 1,286,876 | 2,054,825 |
Commitments, Contingencies an_3
Commitments, Contingencies and Off-Balance-Sheet Risk - Contractual Amounts of Financial Instruments with Off-Balance-Sheet Risk (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | $ 19,075 | $ 15,611 |
Variable Rate | 424,221 | 397,271 |
Lines of Credit and Construction Loans [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 18,447 | 14,984 |
Variable Rate | 376,469 | 359,220 |
Overdraft Protection [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 4 | 3 |
Variable Rate | 46,976 | 37,201 |
Letters of Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 624 | 624 |
Variable Rate | $ 776 | $ 850 |
Commitments, Contingencies an_4
Commitments, Contingencies and Off-Balance-Sheet Risk - Additional Information (Detail) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2019 | Dec. 31, 2018 | |
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 | |
Reserve balance under Federal Reserve Board requirements | $ 7,121 | $ 8,891 |
Minimum [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Range of fixed interest rate loan commitments | 4.50% | 2.88% |
Maximum [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Range of fixed interest rate loan commitments | 8.00% | 8.50% |
Pension Information - Additiona
Pension Information - Additional Information (Detail) - USD ($) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2019 | Dec. 31, 2018 | |
Compensation And Retirement Disclosure [Abstract] | ||
Additional benefits under pension plan | $ 0 | |
Expected future employer contributions | $ 0 | |
Employer contributions | $ 0 |
Pension Information - Component
Pension Information - Components of Net Periodic Pension Benefit (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Compensation And Retirement Disclosure [Abstract] | ||||
Service cost | $ 0 | $ 0 | $ 0 | $ 0 |
Interest cost | 128 | 125 | 384 | 375 |
Expected return on plan assets | (256) | (273) | (768) | (819) |
Other components | 147 | 143 | 441 | 429 |
Net periodic pension benefit (cost) | $ 19 | $ (5) | $ 57 | $ (15) |
Equity Incentive Plan - Additio
Equity Incentive Plan - Additional Information (Detail) - USD ($) $ in Thousands | May 21, 2019 | Sep. 25, 2018 | May 17, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2014 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Expected future compensation expense | $ 577 | |||||
Weighted average remaining life of grants related to unvested awards not yet recognized | 2 years 6 months | |||||
Civista Director [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Restricted common shares granted | 8,946 | 867 | 6,204 | |||
Share based compensation - Civista BOD | $ 196 | $ 21 | $ 144 | |||
Restricted Stock [Member] | Minimum [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||
Restricted shares vesting service period | 3 years | |||||
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 | 240,001 | |||||
Options granted | 0 | 0 | ||||
Share based compensation expense | $ 256 | |||||
Expected future compensation expense | $ 577 | |||||
Weighted average remaining life of grants related to unvested awards not yet recognized | 2 years 6 months |
Equity Incentive Plan - Summary
Equity Incentive Plan - Summary of Company's Outstanding Restricted Stock (Detail) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended |
Sep. 30, 2019USD ($)$ / sharesshares | Sep. 30, 2019USD ($)$ / sharesshares | |
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Granted | 44,027 | |
Expected future remaining compensation expense | $ | $ 577 | $ 577 |
Expected future compensation expense, restricted shares remaining vesting period | 2 years 6 months | |
Restricted Shares Awarded on January 15, 2016 [Member] | ||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Granted | 4,108 | |
Date of Award | Jan. 15, 2016 | |
Expected future remaining compensation expense | $ | 26 | $ 26 |
Expected future compensation expense, restricted shares remaining vesting period | 1 year 3 months | |
Restricted Shares Awarded on March 20, 2017 [Member] | ||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Granted | 3,725 | |
Date of Award | Mar. 20, 2017 | |
Expected future remaining compensation expense | $ | 12 | $ 12 |
Expected future compensation expense, restricted shares remaining vesting period | 3 months | |
Restricted Shares Awarded on March 20, 2017 [Member] | ||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Granted | 3,581 | |
Date of Award | Mar. 20, 2017 | |
Expected future remaining compensation expense | $ | 55 | $ 55 |
Expected future compensation expense, restricted shares remaining vesting period | 2 years 3 months | |
Restricted Shares Awarded on April 10, 2018 [Member] | ||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Granted | 5,282 | |
Date of Award | Apr. 10, 2018 | |
Expected future remaining compensation expense | $ | 60 | $ 60 |
Expected future compensation expense, restricted shares remaining vesting period | 1 year 3 months | |
Restricted Shares Awarded on April 10, 2018 [Member] | ||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Granted | 6,225 | |
Date of Award | Apr. 10, 2018 | |
Expected future remaining compensation expense | $ | 101 | $ 101 |
Expected future compensation expense, restricted shares remaining vesting period | 3 years 3 months | |
Restricted Shares Awarded on March 14, 2019 [Member] | ||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Granted | 10,188 | |
Date of Award | Mar. 14, 2019 | |
Expected future remaining compensation expense | $ | 153 | $ 153 |
Expected future compensation expense, restricted shares remaining vesting period | 2 years 3 months | |
Restricted Shares Awarded on March 14, 2019 [Member] | ||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Granted | 10,918 | |
Date of Award | Mar. 14, 2019 | |
Expected future remaining compensation expense | $ | $ 170 | $ 170 |
Expected future compensation expense, restricted shares remaining vesting period | 4 years 3 months | |
Restricted Stock [Member] | ||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Nonvested at beginning of period | 44,027 | 39,970 |
Number of Restricted Shares, Granted | 0 | 21,106 |
Number of Restricted Shares, Vested | 0 | (16,557) |
Number of Restricted Shares, Forfeited | 0 | (492) |
Number of Restricted Shares, Nonvested at end of period | 44,027 | 44,027 |
Weighted Average Grant Date Fair Value, Nonvested at beginning of period | $ / shares | $ 20.48 | $ 19.10 |
Weighted Average Grant Date Fair Value, Granted | $ / shares | 0 | 20.65 |
Weighted Average Grant Date Fair Value, Vested | $ / shares | 0 | 17.31 |
Weighted Average Grant Date Fair Value, Forfeited | $ / shares | 0 | 22.41 |
Weighted Average Grant Date Fair Value, Nonvested at end of period | $ / shares | $ 20.48 | $ 20.48 |
Fair Value Measurement - Additi
Fair Value Measurement - Additional Information (Detail) $ in Thousands | Sep. 30, 2019USD ($) |
Fair Value Disclosures [Abstract] | |
Impaired loans, estimated selling cost | $ 13 |
Fair Value Measurement - Assets
Fair Value Measurement - Assets and Liabilities Measured at Fair Value (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total securities available for sale | $ 355,287 | $ 346,294 |
Equity securities | 1,152 | 1,070 |
Assets | 0 | 0 |
(Level 2) [Member] | Assets Measured at Fair Value on a Recurring Basis [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total securities available for sale | 355,287 | 346,294 |
Equity securities | 1,152 | 1,070 |
(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] | ||
Swap asset | 11,556 | 2,837 |
Swap liability | 11,556 | 2,837 |
(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] | ||
Total securities available for sale | 21,737 | 30,685 |
(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] | ||
Total securities available for sale | 194,255 | 172,071 |
(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] | ||
Total securities available for sale | 139,295 | 143,538 |
(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 | $ 30 | $ 1,803 |
Fair Value Measurement - Quanti
Fair Value Measurement - Quantitative Information about Level 3 Fair Value Measurements (Detail) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018USD ($) | Sep. 30, 2019USD ($) | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value | $ 0 | $ 0 |
Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Impaired Loans [Member] | (Level 3) [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value | $ 1,803 | $ 30 |
Valuation Technique [Extensible List] | civb:AppraisalOfCollateralMember | civb:AppraisalOfCollateralMember |
Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Impaired Loans [Member] | (Level 3) [Member] | Minimum [Member] | Measurement Input, Appraised Value | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Impaired loans, Unobservable Input | 0 | 10 |
Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Impaired Loans [Member] | (Level 3) [Member] | Minimum [Member] | Measurement Input Liquidation Expense [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Impaired loans, Unobservable Input | 0 | |
Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Impaired Loans [Member] | (Level 3) [Member] | Minimum [Member] | Measurement Input Holding Period | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Impaired loans, Term | 0 months | |
Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Impaired Loans [Member] | (Level 3) [Member] | Maximum [Member] | Measurement Input, Appraised Value | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Impaired loans, Unobservable Input | 30 | 30 |
Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Impaired Loans [Member] | (Level 3) [Member] | Maximum [Member] | Measurement Input Liquidation Expense [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Impaired loans, Unobservable Input | 10 | |
Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Impaired Loans [Member] | (Level 3) [Member] | Maximum [Member] | Measurement Input Holding Period | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Impaired loans, Term | 30 months | |
Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Impaired Loans [Member] | (Level 3) [Member] | Weighted Average [Member] | Measurement Input, Appraised Value | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Impaired loans, Unobservable Input | 26 | 26 |
Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Impaired Loans [Member] | (Level 3) [Member] | Weighted Average [Member] | Measurement Input Liquidation Expense [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Impaired loans, Unobservable Input | 8 | |
Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Impaired Loans [Member] | (Level 3) [Member] | Weighted Average [Member] | Measurement Input Holding Period | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Impaired loans, Term | 21 months |
Fair Value Measurement - Carryi
Fair Value Measurement - Carrying Amount and Fair Value of Financial Instruments Not Measured at Fair Value on a Recurring or Nonrecurring Basis (Detail) - USD ($) $ in Thousands | Sep. 30, 2019 | Dec. 31, 2018 | Sep. 30, 2018 | Dec. 31, 2017 |
Financial Assets: | ||||
Cash and due from financial institutions | $ 62,219 | $ 42,779 | $ 64,754 | $ 40,519 |
Other securities | 20,280 | 21,021 | ||
Loans, net of allowance | 1,634,496 | 1,548,262 | ||
Bank owned life insurance | 44,745 | 43,037 | ||
Accrued interest receivable | 7,501 | 6,723 | ||
Financial Liabilities: | ||||
Short-term FHLB advances | 181,100 | 188,600 | ||
Securities sold under agreement to repurchase | 15,088 | 22,199 | ||
Carrying Amount [Member] | ||||
Financial Assets: | ||||
Cash and due from financial institutions | 62,219 | 42,779 | ||
Other securities | 20,280 | 21,021 | ||
Loans, held for sale | 8,983 | 1,391 | ||
Loans, net of allowance | 1,634,496 | 1,548,262 | ||
Bank owned life insurance | 44,745 | 43,037 | ||
Accrued interest receivable | 7,501 | 6,723 | ||
Financial Liabilities: | ||||
Nonmaturing deposits | 1,365,695 | 1,312,207 | ||
Time deposits | 266,926 | 267,686 | ||
Short-term FHLB advances | 181,100 | 188,600 | ||
Long-term FHLB advances | 55,000 | 5,000 | ||
Securities sold under agreement to repurchase | 15,088 | 22,199 | ||
Subordinated debentures | 29,427 | 29,427 | ||
Accrued interest payable | 271 | 230 | ||
Total Fair Value [Member] | ||||
Financial Assets: | ||||
Cash and due from financial institutions | 62,219 | 42,779 | ||
Other securities | 20,280 | 21,021 | ||
Loans, held for sale | 9,163 | 1,391 | ||
Loans, net of allowance | 1,647,787 | 1,517,278 | ||
Bank owned life insurance | 44,745 | 43,037 | ||
Accrued interest receivable | 7,501 | 6,723 | ||
Financial Liabilities: | ||||
Nonmaturing deposits | 1,365,695 | 1,312,207 | ||
Time deposits | 267,745 | 267,943 | ||
Short-term FHLB advances | 181,100 | 188,600 | ||
Long-term FHLB advances | 58,364 | 4,983 | ||
Securities sold under agreement to repurchase | 15,088 | 22,199 | ||
Subordinated debentures | 36,415 | 34,620 | ||
Accrued interest payable | 271 | 230 | ||
(Level 1) [Member] | ||||
Financial Assets: | ||||
Cash and due from financial institutions | 62,219 | 42,779 | ||
Other securities | 20,280 | 21,021 | ||
Loans, held for sale | 9,163 | 1,391 | ||
Bank owned life insurance | 44,745 | 43,037 | ||
Accrued interest receivable | 7,501 | 6,723 | ||
Financial Liabilities: | ||||
Nonmaturing deposits | 1,365,695 | 1,312,207 | ||
Short-term FHLB advances | 181,100 | 188,600 | ||
Securities sold under agreement to repurchase | 15,088 | 22,199 | ||
Accrued interest payable | 271 | 230 | ||
(Level 3) [Member] | ||||
Financial Assets: | ||||
Loans, net of allowance | 1,647,787 | 1,517,278 | ||
Financial Liabilities: | ||||
Time deposits | 267,745 | 267,943 | ||
Long-term FHLB advances | 58,364 | 4,983 | ||
Subordinated debentures | $ 36,415 | $ 34,620 |
Derivatives - Summary of Intere
Derivatives - Summary of Interest Rate Swap Transactions (Detail) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Derivatives Fair Value [Line Items] | ||
Net Exposure, Notional Amount | $ 0 | $ 0 |
Net Exposure, Fair value | 0 | 0 |
Derivative Financial Instruments, Assets [Member] | Other Assets [Member] | ||
Derivatives Fair Value [Line Items] | ||
Net Exposure, Notional Amount | $ 140,477,000 | $ 120,131,000 |
Weighted Average Rate Received/(Paid) | 5.12% | 5.19% |
Net Exposure, Fair value | $ 11,556,000 | $ 2,837,000 |
Derivative Financial Instruments, Liabilities [Member] | Accrued Expenses and Other Liabilities [Member] | ||
Derivatives Fair Value [Line Items] | ||
Net Exposure, Notional Amount | $ (140,477,000) | $ (120,131,000) |
Weighted Average Rate Received/(Paid) | 5.12% | 5.19% |
Net Exposure, Fair value | $ (11,556,000) | $ (2,837,000) |
Qualified Affordable Housing _2
Qualified Affordable Housing Project Investments - Additional Information (Detail) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | |
Investments In Affordable Housing Projects [Abstract] | |||||
Investment for qualified affordable housing projects included in other assets | $ 4,669,000 | $ 4,669,000 | $ 4,276,000 | ||
Unfunded commitments related to the investments in qualified affordable housing projects | 4,173,000 | 4,173,000 | $ 4,922,000 | ||
Recognized amortization expense | 133,000 | $ 130,000 | 399,000 | $ 388,000 | |
Recognized tax credits and other benefits from its investment in affordable housing tax credits | 275,000 | 207,000 | 827,000 | 633,000 | |
Impairment losses related to its investment in qualified affordable housing projects | $ 0 | $ 0 | $ 0 | $ 0 |
Revenue Recognition - Summary o
Revenue Recognition - Summary of Noninterest Income Segregated By Revenue Streams In-scope and Out-of-scope of Topic 606 (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Noninterest income | ||||
Service charges | $ 1,726 | $ 1,219 | $ 4,733 | $ 3,712 |
ATM/Interchange fees | 1,014 | 622 | 2,871 | 1,764 |
Wealth management fees | 975 | 873 | 2,733 | 2,561 |
Tax refund processing fees | 2,750 | 2,750 | ||
Other | 280 | 203 | 675 | 650 |
Noninterest Income (in-scope of Topic 606) | 3,995 | 2,917 | 13,762 | 11,437 |
Noninterest Income (out-of-scope of Topic 606) | 1,434 | 371 | 3,054 | 1,856 |
Total noninterest income | $ 5,429 | $ 3,288 | $ 16,816 | $ 13,293 |
Revenue Recognition - Additiona
Revenue Recognition - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2019 | |
ASU No. 2014-09 [Member] | |
Revenue From Contract With Customer [Line Items] | |
Description of contract acquisition costs amortized | The Company utilizes the practical expedient which allows entities to immediately expense contract acquisition costs when the asset that would have resulted from capitalizing these costs would have been amortized in one year or less. Upon adoption of Topic 606, the Company did not capitalize any contract acquisition cost. |
Leases - Summary of Balance She
Leases - Summary of Balance Sheet Information Related to Operating Leases (Detail) $ in Thousands | Sep. 30, 2019USD ($) |
Assets: | |
Operating lease | $ 2,367 |
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] | us-gaap:OtherAssetsMember |
Liabilities: | |
Operating lease | $ 2,367 |
Operating Lease, Liability, Statement of Financial Position [Extensible List] | civb:AccruedExpensesAndOtherLiabilitiesMember |
Leases - Summary of Cost Compon
Leases - Summary of Cost Components of Operating Leases (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
Sep. 30, 2019 | Sep. 30, 2019 | |
Lease cost | ||
Operating lease cost | $ 104 | $ 299 |
Short-term lease cost | 71 | 214 |
Sublease income | (13) | (40) |
Total lease cost | $ 162 | $ 473 |
Leases - Summary of Maturities
Leases - Summary of Maturities of Operating and Finance Lease Liabilities (Detail) $ in Thousands | Sep. 30, 2019USD ($) |
Leases [Abstract] | |
2019 | $ 105 |
2020 | 408 |
2021 | 394 |
2022 | 334 |
2023 | 327 |
Thereafter | 1,105 |
Total lease payments | 2,673 |
Less: Imputed Interest | 306 |
Present value of lease liabilities | $ 2,367 |
Leases - Summary of Weighted Av
Leases - Summary of Weighted Average Remaining Lease Terms And Discount Rates For Operating Leases (Detail) | Sep. 30, 2019 |
Leases [Abstract] | |
Weighted-average remaining lease term-operating leases (years) | 6 years 1 month 24 days |
Weighted-average discount rate-operating leases | 3.11% |