Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2020 | Aug. 06, 2020 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2020 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q2 | |
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 | 16,052,979 | |
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 | |
Title of 12(b) Security | Common | |
Trading Symbol | CIVB | |
Security Exchange Name | NASDAQ |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
ASSETS | ||
Cash and due from financial institutions | $ 196,520 | $ 48,535 |
Securities available for sale | 368,383 | 358,499 |
Equity securities | 798 | 1,191 |
Loans held for sale | 18,523 | 2,285 |
Loans, net of allowance of $20,420 and $14,767 | 2,002,545 | 1,694,203 |
Other securities | 20,537 | 20,280 |
Premises and equipment, net | 23,137 | 22,871 |
Accrued interest receivable | 11,047 | 7,093 |
Goodwill | 76,851 | 76,851 |
Other intangible assets | 8,001 | 8,305 |
Bank owned life insurance | 45,489 | 44,999 |
Swap assets | 25,719 | 8,918 |
Other assets | 14,603 | 15,527 |
Total assets | 2,812,153 | 2,309,557 |
Deposits | ||
Noninterest-bearing | 693,848 | 512,553 |
Interest-bearing | 1,375,413 | 1,166,211 |
Total deposits | 2,069,261 | 1,678,764 |
Short-term Federal Home Loan Bank advances | 101,500 | |
Long-term Federal Home Loan Bank advances | 125,000 | 125,000 |
Securities sold under agreements to repurchase | 23,608 | 18,674 |
Other borrowings | 183,695 | |
Subordinated debentures | 29,427 | 29,427 |
Swap liabilities | 25,719 | 8,918 |
Accrued expenses and other liabilities | 18,830 | 17,148 |
Total liabilities | 2,475,540 | 1,979,431 |
SHAREHOLDERS’ EQUITY | ||
Common shares, no par value, 20,000,000 shares authorized, 17,664,951 shares issued at June 30, 2020 and 17,623,706 shares issued at December 31, 2019 | 276,841 | 276,422 |
Retained earnings | 78,712 | 67,974 |
Treasury shares, 1,611,972 common shares at June 30, 2020 and 936,164 common shares at December 31, 2019, at cost | (32,594) | (21,144) |
Accumulated other comprehensive income | 13,654 | 6,874 |
Total shareholders’ equity | 336,613 | 330,126 |
Total liabilities and shareholders’ equity | $ 2,812,153 | $ 2,309,557 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Statement Of Financial Position [Abstract] | ||
Allowance for loan losses | $ 20,420 | $ 14,767 |
Common shares, no par value | ||
Common shares, shares authorized | 20,000,000 | 20,000,000 |
Common shares, shares issued | 17,664,951 | 17,623,706 |
Treasury shares, common shares | 1,611,972 | 936,164 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Interest and dividend income | ||||
Loans, including fees | $ 21,613 | $ 21,657 | $ 43,286 | $ 42,619 |
Taxable securities | 1,359 | 1,694 | 2,775 | 3,442 |
Tax-exempt securities | 1,541 | 1,408 | 3,053 | 2,760 |
Federal funds sold and other | 71 | 167 | 472 | 689 |
Total interest and dividend income | 24,584 | 24,926 | 49,586 | 49,510 |
Interest expense | ||||
Deposits | 1,802 | 1,976 | 3,787 | 3,867 |
Federal Home Loan Bank advances | 447 | 831 | 1,028 | 1,429 |
Subordinated debentures | 250 | 372 | 563 | 744 |
Securities sold under agreements to repurchase and other | 10 | 5 | 18 | 10 |
Total interest expense | 2,509 | 3,184 | 5,396 | 6,050 |
Net interest income | 22,075 | 21,742 | 44,190 | 43,460 |
Provision for loan losses | 3,486 | 5,612 | ||
Net interest income after provision for loan losses | 18,589 | 21,742 | 38,578 | 43,460 |
Noninterest income | ||||
Service charges | 930 | 1,552 | 2,398 | 3,008 |
Net gain on sale of securities | 10 | 14 | ||
Net loss on equity securities | (5) | (33) | (146) | (31) |
Net gain on sale of loans | 2,261 | 555 | 3,088 | 886 |
ATM/Interchange fees | 1,149 | 951 | 2,043 | 1,857 |
Wealth management fees | 904 | 911 | 1,910 | 1,758 |
Bank owned life insurance | 240 | 252 | 490 | 499 |
Tax refund processing fees | 475 | 550 | 2,375 | 2,750 |
Swap fees | 764 | 15 | 1,102 | 88 |
Other | 136 | 341 | 470 | 559 |
Total noninterest income | 6,854 | 5,104 | 13,730 | 11,388 |
Noninterest expense | ||||
Compensation expense | 10,597 | 9,548 | 21,468 | 19,353 |
Net occupancy expense | 1,064 | 964 | 2,040 | 2,004 |
Equipment expense | 507 | 480 | 1,013 | 943 |
Contracted data processing | 475 | 447 | 925 | 866 |
FDIC assessment | 156 | 106 | 243 | 298 |
State franchise tax | 475 | 499 | 967 | 899 |
Professional services | 883 | 700 | 1,620 | 1,395 |
Amortization of intangible assets | 228 | 235 | 459 | 475 |
ATM/Interchange expense | 331 | 546 | 778 | 924 |
Marketing | 339 | 367 | 695 | 707 |
Software maintenance expense | 407 | 356 | 844 | 705 |
Other operating expenses | 2,652 | 2,391 | 4,918 | 4,519 |
Total noninterest expense | 18,114 | 16,639 | 35,970 | 33,088 |
Income before taxes | 7,329 | 10,207 | 16,338 | 21,760 |
Income tax expense | 825 | 1,546 | 2,001 | 3,430 |
Net Income | 6,504 | 8,661 | 14,337 | 18,330 |
Preferred stock dividends | 164 | 0 | 328 | |
Net income available to common shareholders | $ 6,504 | $ 8,497 | $ 14,337 | $ 18,002 |
Earnings per common share, basic | $ 0.41 | $ 0.54 | $ 0.88 | $ 1.15 |
Earnings per common share, diluted | $ 0.41 | $ 0.51 | $ 0.88 | $ 1.08 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Statement Of Income And Comprehensive Income [Abstract] | ||||
Net income | $ 6,504 | $ 8,661 | $ 14,337 | $ 18,330 |
Other comprehensive income, net of reclassification adjustment: | ||||
Unrealized holding gains on available for sale securities | 4,695 | 6,299 | 8,438 | 12,441 |
Tax effect | (986) | (1,323) | (1,772) | (2,612) |
Pension liability adjustment | 72 | 147 | 145 | 294 |
Tax effect | (15) | (31) | (31) | (62) |
Total other comprehensive income | 3,766 | 5,092 | 6,780 | 10,061 |
Comprehensive income | $ 10,270 | $ 13,753 | $ 21,117 | $ 28,391 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Total | Preferred Shares [Member] | Common Shares [Member] | Retained Earnings [Member] | Treasury Shares [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
Beginning balance at Dec. 31, 2018 | $ 298,898 | $ 9,364 | $ 266,901 | $ 41,320 | $ (17,235) | $ (1,452) |
Balance, shares at Dec. 31, 2018 | 10,120 | 15,603,499 | ||||
Net Income | 18,330 | 18,330 | ||||
Other comprehensive income | 10,061 | 10,061 | ||||
Stock-based compensation | 374 | $ 374 | ||||
Stock-based compensation, shares | 29,560 | |||||
Common stock dividends ($0.11,$0.11,$0.22 and $0.20 per share for three and six months ended June 30 2020 and 2019) | (3,123) | (3,123) | ||||
Preferred stock dividends ($16.25 and $32.50 per share for three and six months ended June 30 2019) | (328) | (328) | ||||
Ending balance at Jun. 30, 2019 | 324,212 | $ 9,364 | $ 267,275 | 56,199 | (17,235) | 8,609 |
Balance, shares at Jun. 30, 2019 | 10,120 | 15,633,059 | ||||
Beginning balance at Mar. 31, 2019 | 312,057 | $ 9,364 | $ 266,990 | 49,421 | (17,235) | 3,517 |
Balance, shares at Mar. 31, 2019 | 10,120 | 15,624,113 | ||||
Net Income | 8,661 | 8,661 | ||||
Other comprehensive income | 5,092 | 5,092 | ||||
Stock-based compensation | 285 | $ 285 | ||||
Stock-based compensation, shares | 8,946 | |||||
Common stock dividends ($0.11,$0.11,$0.22 and $0.20 per share for three and six months ended June 30 2020 and 2019) | (1,719) | (1,719) | ||||
Preferred stock dividends ($16.25 and $32.50 per share for three and six months ended June 30 2019) | (164) | (164) | ||||
Ending balance at Jun. 30, 2019 | 324,212 | $ 9,364 | $ 267,275 | 56,199 | (17,235) | 8,609 |
Balance, shares at Jun. 30, 2019 | 10,120 | 15,633,059 | ||||
Beginning balance at Dec. 31, 2019 | 330,126 | $ 276,422 | 67,974 | (21,144) | 6,874 | |
Balance, shares at Dec. 31, 2019 | 16,687,542 | |||||
Net Income | 14,337 | 14,337 | ||||
Other comprehensive income | 6,780 | 6,780 | ||||
Stock-based compensation | 419 | $ 419 | ||||
Stock-based compensation, shares | 41,245 | |||||
Common stock dividends ($0.11,$0.11,$0.22 and $0.20 per share for three and six months ended June 30 2020 and 2019) | (3,599) | (3,599) | ||||
Purchase of treasury stock | (11,450) | (11,450) | ||||
Purchase of treasury stock, shares | (675,808) | |||||
Ending balance at Jun. 30, 2020 | 336,613 | $ 276,841 | 78,712 | (32,594) | 13,654 | |
Balance, shares at Jun. 30, 2020 | 16,052,979 | |||||
Beginning balance at Mar. 31, 2020 | 328,167 | $ 276,546 | 73,972 | (32,239) | 9,888 | |
Balance, shares at Mar. 31, 2020 | 16,064,010 | |||||
Net Income | 6,504 | 6,504 | ||||
Other comprehensive income | 3,766 | 3,766 | ||||
Stock-based compensation | 295 | $ 295 | ||||
Stock-based compensation, shares | 14,266 | |||||
Common stock dividends ($0.11,$0.11,$0.22 and $0.20 per share for three and six months ended June 30 2020 and 2019) | (1,764) | (1,764) | ||||
Purchase of treasury stock | (355) | (355) | ||||
Purchase of treasury stock, shares | (25,297) | |||||
Ending balance at Jun. 30, 2020 | $ 336,613 | $ 276,841 | $ 78,712 | $ (32,594) | $ 13,654 | |
Balance, shares at Jun. 30, 2020 | 16,052,979 |
Consolidated Statement of Cha_2
Consolidated Statement of Changes in Shareholders' Equity (Unaudited) (Parenthetical) - Retained Earnings [Member] - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Common stock dividends per share | $ 0.11 | $ 0.11 | $ 0.22 | $ 0.20 |
Preferred stock dividends per share | $ 16.25 | $ 32.50 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2020 | Jun. 30, 2019 | |
Statement Of Cash Flows [Abstract] | ||
Net cash from operating activities | $ 11,590 | $ 20,369 |
Cash flows used for investing activities: | ||
Maturities and calls of securities, available-for-sale | 27,439 | 25,887 |
Purchases of securities, available-for-sale | (29,446) | (43,998) |
Sale of securities available for sale | 0 | 16,829 |
Purchase of other securities | (257) | |
Redemption of other securities | 741 | |
Sale of equity securities | 247 | |
Purchase of bank owned life insurance | (955) | |
Net loan originations | (322,770) | (36,593) |
Premises and equipment purchases | (1,395) | (651) |
Net cash used for investing activities | (326,182) | (38,740) |
Cash flows from financing activities: | ||
Proceeds from long-term FHLB advances | 50,000 | |
Net change in short-term FHLB advances | (101,500) | (67,300) |
Proceeds from other borrowings | 183,695 | |
Increase in deposits | 390,497 | 52,827 |
Increase (decrease) in securities sold under repurchase agreements | 4,934 | (6,645) |
Purchase of treasury shares | (11,450) | |
Common dividends paid | (3,599) | (3,123) |
Preferred dividends paid | (328) | |
Net cash provided by financing activities | 462,577 | 25,431 |
Increase in cash and due from financial institutions | 147,985 | 7,060 |
Cash and due from financial institutions at beginning of period | 48,535 | 42,779 |
Cash and due from financial institutions at end of period | 196,520 | 49,839 |
Cash paid during the period for: | ||
Interest | 5,434 | 6,018 |
Income taxes | 2,350 | |
Supplemental cash flow information: | ||
Change in fair value of swap asset | (16,801) | |
Change in fair value of swap asset liability | $ 16,801 | |
Securities purchased not settled | 2,102 | |
Increase in right-of-use asset on leases | (251) | |
Increase in lease liability | $ 251 |
Consolidated Financial Statemen
Consolidated Financial Statements | 6 Months Ended |
Jun. 30, 2020 | |
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 June 30, 2020 and its results of operations and changes in cash flows for the periods ended June 30, 2020 and 2019 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 June 30, 2020 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 2019 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 loan concentrations, one is to Lessors of Non-Residential Buildings and Dwellings totaling $491,544, or 24.1% of total loans, as of June 30, 2020, and the other is to Lessors of Residential Buildings and Dwellings totaling $222,089, or 10.9% of total loans, as of June 30, 2020. These segments of the loan portfolio 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 | 6 Months Ended |
Jun. 30, 2020 | |
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 Reclassifications: Adoption of New Accounting Standards: In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, the FASB issued ASU 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40). 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) , which made the following targeted improvements to generally accepted accounting principles (GAAP) for collaborative arrangements: (1) clarified that certain transactions between collaborative arrangement participants should be accounted for as revenue under Topic 606 when the collaborative arrangement participant is a customer in the context of a unit of account, (2) add ed unit-of-account guidance in Topic 808 to align with the guidance in Topic 606 (that is, a distinct good or service) when an entity is assessing whether the collaborative arrangement or a part of the arrangement is within the scope of Topic 606 , and (3) require d that in a transaction with a collaborative arrangement participant that is not directly related to sales to third parties, presenting the transaction together with revenue recognized under Topic 606 is precluded if the collaborative arrangement participant is not a customer. We adopted ASU 2018-18 effective January 1, 2020, which did not have a material impact on the Company’s Consolidated Financial Statements . 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 (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment Financial Instruments ‒ Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) Intangibles – Goodwill and Other In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, and Topic 825, Financial Instruments, which affects a variety of topics in the Codification and applies to all reporting entities within the scope of the affected accounting guidance. Topic 326, Financial Instruments – Credit Losses amendments are effective for SEC registrants for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. 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 were to be effective for interim and annual reporting periods beginning after December 15, 2019 . In November 2019, however, the FASB issued ASU 2019-10, Financial Instruments ‒ Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) . This Update defers the effective date of ASU 2016-13 for SEC filers that are eligible to be smaller reporting companies, such as the Company, to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years . 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 (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting Other recent ASU’s issued by the FASB did not, or are not believed by management to have a material effect on the Company’s present or future Consolidated Financial Statements. |
Securities
Securities | 6 Months Ended |
Jun. 30, 2020 | |
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: June 30, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury securities and obligations of U.S. government agencies $ 19,124 $ 377 $ (1 ) $ 19,500 Obligations of states and political subdivisions 206,192 18,139 (12 ) 224,319 Mortgage-backed securities in government sponsored entities 118,322 6,247 (5 ) 124,564 Total debt securities $ 343,638 $ 24,763 $ (18 ) $ 368,383 December 31, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury securities and obligations of U.S. government agencies $ 19,401 $ 204 $ (4 ) $ 19,601 Obligations of states and political subdivisions 193,646 12,409 (21 ) 206,034 Mortgage-backed securities in government sponsored entities 129,145 3,863 (144 ) 132,864 Total debt securities $ 342,192 $ 16,476 $ (169 ) $ 358,499 The amortized cost and fair value of securities at June 30, 2020, 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 $ 8,185 $ 8,252 Due after one year through five years 17,501 17,966 Due after five years through ten years 26,404 28,233 Due after ten years 173,226 189,368 Mortgage-backed securities 118,322 124,564 Total securities available for sale $ 343,638 $ 368,383 Proceeds from sales of securities available for sale, gross realized gains and gross realized losses were as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Sale proceeds $ — $ — $ — $ 16,829 Gross realized gains — — — 47 Gross realized losses — — — 43 Gains from securities called or settled by the issuer — 10 — 10 Securities were pledged to secure public deposits, other deposits and liabilities as required by law. The carrying value of pledged securities was approximately $158,871 and $139,004 as of June 30, 2020 and December 31, 2019, respectively. Securities with unrealized losses at June 30, 2020 and December 31, 2019 not recognized in income are as follows: June 30, 2020 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 $ — $ — $ 142 $ (1 ) $ 142 $ (1 ) Obligations of states and political subdivisions 1,333 (12 ) — — 1,333 (12 ) Mortgage-backed securities in gov’t sponsored entities 1,085 (5 ) — — 1,085 (5 ) Total temporarily impaired $ 2,418 $ (17 ) $ 142 $ (1 ) $ 2,560 $ (18 ) December 31, 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 $ — $ — $ 3,408 $ (4 ) $ 3,408 $ (4 ) Obligations of states and political subdivisions 1,947 (21 ) — — 1,947 (21 ) Mortgage-backed securities in gov’t sponsored entities 10,653 (91 ) 7,732 (53 ) 18,385 (144 ) Total temporarily impaired $ 12,600 $ (112 ) $ 11,140 $ (57 ) $ 23,740 $ (169 ) At June 30, 2020, there were a total of 6 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 six months ended June 30, 2020 and 2019, and the portion of unrealized gains and losses for the period that relates to equity investments held at June 30, 2020 and 2019: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Net losses recognized on equity securities during the period $ (5 ) $ (33 ) $ (146 ) $ (31 ) Less: Net losses realized on the sale of equity securities during the period — — 6 — Unrealized losses recognized on equity securities held at reporting date $ (5 ) $ (33 ) $ (140 ) $ (31 ) |
Loans
Loans | 6 Months Ended |
Jun. 30, 2020 | |
Receivables [Abstract] | |
Loans | (4) Loans Loan balances were as follows: June 30, 2020 December 31, 2019 Commercial & Agriculture $ 442,444 $ 203,110 Commercial Real Estate- Owner Occupied 252,914 245,606 Commercial Real Estate- Non-Owner Occupied 646,792 592,222 Residential Real Estate 453,067 463,032 Real Estate Construction 178,318 155,825 Farm Real Estate 35,441 34,114 Consumer and Other 13,989 15,061 Total loans 2,022,965 1,708,970 Allowance for loan losses (20,420 ) (14,767 ) Net loans $ 2,002,545 $ 1,694,203 Included in Commercial & Agriculture is $257,568 of Paycheck Protection Program (“PPP”) loans. Included in total loans above are net deferred loan fees of $9,303 and $488 at June 30, 2020 and December 31, 2019, respectively. Included in net deferred loan fees is $8,678 of net deferred loans fees from PPP loans. Loan Modifications/Troubled Debt Restructurings During the first six months of 2020, Civista modified 813 loans totaling $431,283, primarily consisting of the deferral of principal and/or interest payments in accordance with customer deferral requests related to the COVID-19 pandemic. All of the loans were performing at the time of the modification and comply with the provisions of the Coronavirus Aid, Relief, and Economic Security Act (“ CARES Act ”) to not be considered a troubled debt restructuring. Details with respect to actual loan modifications are as follows: Number of Weighted Average Type of Loan Loans Balance Interest Rate (In thousands) Commercial & Agriculture 229 $ 47,686 4.56 % Commercial Real Estate: Owner Occupied 193 91,831 4.82 % Non-Owner Occupied 179 234,543 4.47 % Residential Real Estate 170 29,012 4.67 % Real Estate Construction 18 26,296 4.39 % Farm Real Estate 9 1,783 4.94 % Consumer and Other 15 132 8.01 % Total 813 $ 431,283 4.57 % For additional information regarding loans modified under the CARES Act, please see the subsequent events note. Certain loans within our commercial and commercial real estate portfolios are expected to be disproportionately adversely affected by the COVID-19 pandemic. Due to mandatory lockdowns and travel restrictions, certain industries, such as hospitality, travel, food service and restaurants and bars, may suffer greater losses as a result of the COVID-19 pandemic. The following table provides information regarding our potential COVID-19 risk concentrations for commercial and commercial real estate loans by industry type at June 30, 2020. Commercial & Agriculture Commercial Real Estate- Owner Occupied Commercial Real Estate- Non-Owner Occupied Total Administration and support $ 365 $ 952 $ — $ 1,317 Agriculture 153 811 — 964 Construction 3,895 298 1,370 5,563 Education 74 2,363 — 2,437 Entertainment and recreation 3,102 26,638 5,151 34,891 Health care 3,226 11,523 — 14,749 Hotels 1,802 979 52,309 55,090 Information, finance and insurance 175 — — 175 Manufacturing 6,192 2,068 — 8,260 Other services 4,490 9,319 3,421 17,230 Professional and management 250 394 — 644 Real estate 590 15,631 168,606 184,827 Restaurants 17,818 12,998 3,042 33,858 Retail 3,838 4,637 644 9,119 Transportation and warehousing 216 542 — 758 Wholesalers 1,500 2,678 — 4,178 Total $ 47,686 $ 91,831 $ 234,543 $ 374,060 |
Allowance for Loan Losses
Allowance for Loan Losses | 6 Months Ended |
Jun. 30, 2020 | |
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 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 $20,420 adequate to cover loan losses inherent in the loan portfolio, at June 30, 2020. The following tables present, by portfolio segment, the changes in the allowance for loan losses for the three and six months ended June 30, 2020 and 2019. Allowance for loan losses: For the three months ended June 30, 2020 Beginning Charge-offs Recoveries Provision Ending Balance Commercial & Agriculture $ 2,400 $ (15 ) $ 3 $ 411 $ 2,799 Commercial Real Estate: Owner Occupied 2,810 (1 ) 7 595 3,411 Non-Owner Occupied 7,617 — 37 1,515 9,169 Residential Real Estate 1,950 (74 ) 31 527 2,434 Real Estate Construction 1,606 — 2 236 1,844 Farm Real Estate 310 — 4 47 361 Consumer and Other 246 (26 ) 18 9 247 Unallocated 9 — — 146 155 Total $ 16,948 $ (116 ) $ 102 $ 3,486 $ 20,420 For the three months ended June 30, 2020, the Company provided $3,486 to the allowance for loan losses. The provision was primarily the result of an increase in Civista’s qualitative factors, primarily changes in international, national, regional and local conditions, related to the economic shutdown driven by the ongoing COVID-19 pandemic. Economic impacts from the COVID-19 pandemic include the loss of revenue being experience by our business clients, disruption of supply chains, additional employee costs for businesses due to the pandemic, higher unemployment rates throughout our footprint and a large number of customers requesting payment relief. In addition, the allowance for Commercial & Agriculture loans increased due to an increase in general reserves required for this type as a result of an increase in loan balances mainly from Civista’s participated in the PPP loan program. In the event of a loss resulting from a default on a PPP loan, and a determination by the U.S. Small Business Administration (“SBA”) that there was a deficiency in the manner on which the PPP loan was originated or funded, the SBA may deny its liability under the guaranty. 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 factors related to the COVID-19 pandemic, offset by a decrease in loan balances and 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 a n in crease in loan balances. This was represented as a n in crease in the provision. The allowance for Residential Real Estate loans in creased due to a n in crease in general reserves required for this type as a result of factors related to the COVID-19 pandemic, offset by a decrease in loan balances and loss rates. The result was represented by a n in crease in the provision. The allowance for Real Estate Construction loans in creased due to a n in crease in general reserves required as a result of an increase in loan balances , represented by an increase in the provision . The allowance for Farm Real Estate loans in creased due to a n in crease in general reserves required as a result of a n in crease in loan balances. The result was represented as a n 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 June 3 0 , 20 20 . Allowance for loan losses: For the three months ended June 30, 2019 Beginning balance Charge-offs Recoveries Provision Ending Balance Commercial & Agriculture $ 1,834 $ (27 ) $ 3 $ 18 $ 1,828 Commercial Real Estate: Owner Occupied 1,979 — 17 13 2,009 Non-Owner Occupied 5,989 — 30 (152 ) 5,867 Residential Real Estate 1,434 (105 ) 37 332 1,698 Real Estate Construction 971 — — 164 1,135 Farm Real Estate 366 — 1 (2 ) 365 Consumer and Other 251 (24 ) 32 (58 ) 201 Unallocated 998 — — (315 ) 683 Total $ 13,822 $ (156 ) $ 120 $ — $ 13,786 For the three months ended June 30, 2019, the allowance for Commercial Real Estate – Non-Owner Occupied loans decreased due to a decrease in general reserves required as a result of a decrease in loan balances and loss rates. This was represented as a decrease 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 an increase in loan balances. The allowance for Consumer and Other loans was reduced by a decrease in loss rates and recoveries on previously charged off amounts. The result was represented as a decrease in the provision. Management determined that the unallocated amount was appropriate and within the relevant range for the allowance that was reflective of the risk in the portfolio at June 30, 2019. Allowance for loan losses: For the six months ended June 30, 2020 Beginning balance Charge-offs Recoveries Provision Ending Balance Commercial & Agriculture $ 2,219 $ (15 ) $ 4 $ 591 $ 2,799 Commercial Real Estate: Owner Occupied 2,541 (1 ) 14 857 3,411 Non-Owner Occupied 6,584 — 41 2,544 9,169 Residential Real Estate 1,582 (97 ) 79 870 2,434 Real Estate Construction 1,250 — 2 592 1,844 Farm Real Estate 344 — 7 10 361 Consumer and Other 247 (27 ) 34 (7 ) 247 Unallocated — — — 155 155 Total $ 14,767 $ (140 ) $ 181 $ 5,612 $ 20,420 For the six months ended June 30, 2020, the Company provided $5,612 to the allowance for loan losses. The provision was primarily the result of an increase in Civista’s qualitative factors, primarily changes in international, national, regional and local conditions, related to the economic shutdown driven by the ongoing COVID-19 pandemic. Economic impacts related to the COVID-19 pandemic include the loss of revenue being experience by our business clients, disruption of supply chains, additional employee costs for businesses due to the pandemic, higher unemployment rates throughout our footprint and a large number of customers requesting payment relief. In addition, the allowance for Commercial & Agriculture loans increased due to an increase in general reserves required for this type as a result of an increase in loan balances mainly from Civista’s participated in the PPP loan program, offset by a decrease in loss rates. . In the event of a loss resulting from a default on a PPP loan, and a determination by the SBA that there was a deficiency in the manner on which the PPP loan was originated or funded, the SBA may deny its liability under the. 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 and a decrease in 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 an increase in loan balances and a decrease in 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 factors related to the COVID-19 pandemic, offset by a decrease 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 an increase in loan balances, represented by an increase in the provision. The allowance for Farm Real Estate loans increased due to an increase in general reserves required as a result of an increase in loan balances. 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 June 30, 2020. Allowance for loan losses: For the six months ended June 30, 2019 Beginning balance Charge-offs Recoveries Provision Ending Balance Commercial & Agriculture $ 1,747 $ (27 ) $ 4 $ 104 $ 1,828 Commercial Real Estate: Owner Occupied 1,962 (60 ) 239 (132 ) 2,009 Non-Owner Occupied 5,803 — 44 20 5,867 Residential Real Estate 1,531 (203 ) 162 208 1,698 Real Estate Construction 1,046 (24 ) — 113 1,135 Farm Real Estate 397 — 2 (34 ) 365 Consumer and Other 284 (81 ) 51 (53 ) 201 Unallocated 909 — — (226 ) 683 Total $ 13,679 $ (395 ) $ 502 $ — $ 13,786 For the six months ended June 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, 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 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 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 determined that the unallocated amount was appropriate and within the relevant range for the allowance that was reflective of the risk in the portfolio at June 30, 2019. The following tables present, by portfolio segment, the allocation of the allowance for loan losses and related loan balances as of June 30, 2020 and December 31, 2019. June 30, 2020 Loans acquired with credit deterioration Loans individually evaluated for impairment Loans collectively evaluated for impairment Total Allowance for loan losses: Commercial & Agriculture $ — $ — $ 2,799 $ 2,799 Commercial Real Estate: Owner Occupied — 8 3,403 3,411 Non-Owner Occupied — — 9,169 9,169 Residential Real Estate — 84 2,350 2,434 Real Estate Construction — — 1,844 1,844 Farm Real Estate — — 361 361 Consumer and Other — — 247 247 Unallocated — — 155 155 Total $ — $ 92 $ 20,328 $ 20,420 Outstanding loan balances: Commercial & Agriculture $ — $ — $ 442,444 $ 442,444 Commercial Real Estate: Owner Occupied — 403 252,511 252,914 Non-Owner Occupied — 368 646,424 646,792 Residential Real Estate 463 1,183 451,421 453,067 Real Estate Construction — — 178,318 178,318 Farm Real Estate — 653 34,788 35,441 Consumer and Other — — 13,989 13,989 Total $ 463 $ 2,607 $ 2,019,895 $ 2,022,965 December 31, 2019 Loans acquired with credit deterioration Loans individually evaluated for impairment Loans collectively evaluated for impairment Total Allowance for loan losses: Commercial & Agriculture $ — $ — $ 2,219 $ 2,219 Commercial Real Estate: Owner Occupied — 9 2,532 2,541 Non-Owner Occupied — — 6,584 6,584 Residential Real Estate — 82 1,500 1,582 Real Estate Construction — — 1,250 1,250 Farm Real Estate — — 344 344 Consumer and Other — — 247 247 Unallocated — — 0 0 Total $ — $ 91 $ 14,676 $ 14,767 Outstanding loan balances: Commercial & Agriculture $ — $ 367 $ 202,743 $ 203,110 Commercial Real Estate: Owner Occupied — 426 245,180 245,606 Non-Owner Occupied — 374 591,848 592,222 Residential Real Estate 467 1,764 460,801 463,032 Real Estate Construction — — 155,825 155,825 Farm Real Estate — 666 33,448 34,114 Consumer and Other — — 15,061 15,061 Total $ 467 $ 3,597 $ 1,704,906 $ 1,708,970 The following tables present credit exposures by internally assigned risk grades as of June 30, 2020 and December 31, 2019 . 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 – loans which are protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. • Special Mention – loans where a potential weakness or risk exists, which could cause a more serious problem if not corrected. • Substandard – loans that have a well-defined weakness based on objective evidence and are characterized by the distinct possibility that Civista will sustain some loss if the deficiencies are not corrected. • Doubtful – loans classified as doubtful have all the weaknesses inherent in a substandard asset. In addition, these weaknesses make collection or liquidation in full highly questionable and improbable, based on existing circumstances. • Loss – loans classified as a loss are considered uncollectible, or of such value that continuance as an asset is not warranted. 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. June 30, 2020 Pass Special Mention Substandard Doubtful Ending Balance Commercial & Agriculture $ 437,923 $ 2,526 $ 1,995 $ — $ 442,444 Commercial Real Estate: Owner Occupied 241,144 8,867 2,903 — 252,914 Non-Owner Occupied 643,612 1,773 1,407 — 646,792 Residential Real Estate 78,028 486 5,731 — 84,245 Real Estate Construction 165,678 485 8 — 166,171 Farm Real Estate 32,302 550 2,589 — 35,441 Consumer and Other 1,024 — 21 — 1,045 Total $ 1,599,711 $ 14,687 $ 14,654 $ — $ 1,629,052 December 31, 2019 Pass Special Mention Substandard Doubtful Ending Balance Commercial & Agriculture $ 199,649 $ 2,236 $ 1,225 $ — $ 203,110 Commercial Real Estate: Owner Occupied 237,171 5,617 2,818 — 245,606 Non-Owner Occupied 588,633 2,155 1,434 — 592,222 Residential Real Estate 73,289 528 6,495 — 80,312 Real Estate Construction 145,251 — 9 — 145,260 Farm Real Estate 30,808 567 2,739 — 34,114 Consumer and Other 1,289 — 6 — 1,295 Total $ 1,276,090 $ 11,103 $ 14,726 $ — $ 1,301,919 The following tables present performing and nonperforming loans based solely on payment activity for the periods ended June 30, 2020 and December 31, 2019 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. June 30, 2020 Residential Real Estate Real Estate Construction Consumer and Other Total Performing $ 368,822 $ 12,147 $ 12,942 $ 393,911 Nonperforming — — 2 2 Total $ 368,822 $ 12,147 $ 12,944 $ 393,913 December 31, 2019 Residential Real Estate Real Estate Construction Consumer and Other Total Performing $ 382,720 $ 10,565 $ 13,766 $ 407,051 Nonperforming — — — — Total $ 382,720 $ 10,565 $ 13,766 $ 407,051 The following tables include an aging analysis of the recorded investment of past due loans outstanding as of June 30, 2020 and December 31, 2019. June 30, 2020 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 $ — $ — $ 55 $ 55 $ 442,389 $ — $ 442,444 $ — Commercial Real Estate: Owner Occupied 323 — 585 908 252,006 — 252,914 — Non-Owner Occupied — — 7 7 646,785 — 646,792 — Residential Real Estate 177 418 1,049 1,644 450,960 463 453,067 — Real Estate Construction — — — — 178,318 — 178,318 — Farm Real Estate — — 4 4 35,437 — 35,441 — Consumer and Other 70 23 12 105 13,884 — 13,989 2 Total $ 570 $ 441 $ 1,712 $ 2,723 $ 2,019,779 $ 463 $ 2,022,965 $ 2 December 31, 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 $ 27 $ 35 $ 106 $ 168 $ 202,942 $ — $ 203,110 $ — Commercial Real Estate: Owner Occupied 453 63 663 1,179 244,427 — 245,606 — Non-Owner Occupied — — 8 8 592,214 — 592,222 — Residential Real Estate 2,399 198 1,775 4,372 458,193 467 463,032 — Real Estate Construction — — — — 155,825 — 155,825 — Farm Real Estate — — 7 7 34,107 — 34,114 — Consumer and Other 129 46 — 175 14,886 — 15,061 — Total $ 3,008 $ 342 $ 2,559 $ 5,909 $ 1,702,594 $ 467 $ 1,708,970 $ — The following table presents loans on nonaccrual status, excluding purchased credit-impaired (PCI) loans, as of June 30, 2020 and December 31, 2019. June 30, 2020 December 31, 2019 Commercial & Agriculture $ 83 $ 173 Commercial Real Estate: Owner Occupied 832 938 Non-Owner Occupied 7 8 Residential Real Estate 3,753 4,183 Real Estate Construction 8 9 Farm Real Estate 259 284 Consumer and Other 19 4 Total $ 4,961 $ 5,599 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 June 30, 2020, TDRs accounted for $92 of the allowance for loan losses. As of December 31, 2019, TDRs accounted for $91 of the allowance for loan losses. There were no loans modified as TDRs during the three-month periods ended June 30, 2020 and 2019 and for the six-month period ended June 30, 2020. For the Six-Month Period Ended June 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 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 six-month periods ended June 30, 2020 and June 30, 2019, 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 June 30, 2020 and December 31, 2019. June 30, 2020 December 31, 2019 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial & Agriculture $ — $ — $ 367 $ 367 Commercial Real Estate: Owner Occupied 156 156 168 168 Non-Owner Occupied 368 368 374 374 Residential Real Estate 1,002 1,074 1,571 1,643 Farm Real Estate 653 653 666 666 Total 2,179 2,251 3,146 3,218 With an allowance recorded: Commercial Real Estate: Owner Occupied 247 247 $ 8 258 258 $ 9 Residential Real Estate 181 186 84 193 197 82 Total 428 433 92 451 455 91 Total: Commercial & Agriculture — — — 367 367 — Commercial Real Estate: Owner Occupied 403 403 8 426 426 9 Non-Owner Occupied 368 368 — 374 374 — Residential Real Estate 1,183 1,260 84 1,764 1,840 82 Farm Real Estate 653 653 — 666 666 — Total $ 2,607 $ 2,684 $ 92 $ 3,597 $ 3,673 $ 91 The following table includes the average recorded investment and interest income recognized for impaired financing receivables for the three-month periods ended June 30, 2020 and 2019. June 30, 2020 June 30, 2019 For the three months ended Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial & Agriculture $ — $ — $ 367 $ 6 Commercial Real Estate—Owner Occupied 409 7 465 9 Commercial Real Estate—Non-Owner Occupied 369 5 381 5 Residential Real Estate 1,462 11 1,137 15 Farm Real Estate 659 6 687 8 Total $ 2,899 $ 29 $ 3,037 $ 43 June 30, 2020 June 30, 2019 For the six months ended Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial & Agriculture $ 122 $ 4 $ 367 $ 12 Commercial Real Estate—Owner Occupied 415 14 472 17 Commercial Real Estate—Non-Owner Occupied 371 10 264 9 Residential Real Estate 1,563 24 1,184 31 Farm Real Estate 662 13 690 15 Total $ 3,133 $ 65 $ 2,977 $ 84 Changes in the accretable yield for PCI loans were as follows, since acquisition: For the Three-Month Period Ended June 30, 2020 For the Three-Month Period Ended June 30, 2019 (In Thousands) (In Thousands) Balance at beginning of period $ 206 $ 326 Acquisition of PCI loans — — Accretion (7 ) (67 ) Transfer from non-accretable to accretable 6 — Balance at end of period $ 205 $ 259 For the Six-Month Period Ended June 30, 2020 For the Six-Month Period Ended June 30, 2019 (In Thousands) (In Thousands) Balance at beginning of period $ 255 $ 336 Acquisition of PCI loans — — Accretion (169 ) (77 ) Transfer fron non-accretable to accretable 119 — Balance at end of period $ 205 $ 259 The following table presents additional information regarding loans acquired and accounted for in accordance with ASC 310-30: At June 30, 2020 At December 31, 2019 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 $ 976 $ 1,149 Carrying amount 463 467 There was no allowance for loan losses recorded for acquired loans with or without specific evidence of deterioration in credit quality as of June 30, 2020 or December 31, 2019, 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 June 30, 2020 and December 31, 2019, respectively, there were no foreclosed assets included in other assets. As of June 30, 2020 and December 31, 2019, the Company had initiated formal foreclosure procedures on $867 and $1,022, respectively, of consumer residential mortgages. |
Other Comprehensive Income
Other Comprehensive Income | 6 Months Ended |
Jun. 30, 2020 | |
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 June 30, 2020(a) June 30, 2019(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 $ 15,840 $ (5,952 ) $ 9,888 $ 7,200 $ (3,683 ) $ 3,517 Other comprehensive income before reclassifications 3,709 — 3,709 4,984 — 4,984 Amounts reclassified from accumulated other comprehensive income (loss) — 57 57 (8 ) 116 108 Net current-period other comprehensive income 3,709 57 3,766 4,976 116 5,092 Ending balance $ 19,549 $ (5,895 ) $ 13,654 $ 12,176 $ (3,567 ) $ 8,609 (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 June 30, 2020 For the Three months ended June 30, 2019 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains on available-for-sale securities $ — $ 10 Net gain (loss) on sale of securities Tax effect — (2 ) Income tax expense — 8 Amortization of defined benefit pension items Actuarial gains/(losses) (b) (72 ) (147 ) Other operating expenses Tax effect 15 31 Income tax expense (57 ) (116 ) Total reclassifications for the period $ (57 ) $ (108 ) (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 Six-Month Period Ended For the Six-Month Period Ended June 30, 2020(a) June 30, 2019(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 $ 12,883 $ (6,009 ) $ 6,874 $ 2,347 $ (3,799 ) $ (1,452 ) Other comprehensive income before reclassifications 6,666 — 6,666 9,840 — 9,840 Amounts reclassified from accumulated other comprehensive income (loss) — 114 114 (11 ) 232 221 Net current-period other comprehensive income 6,666 114 6,780 9,829 232 10,061 Ending balance $ 19,549 $ (5,895 ) $ 13,654 $ 12,176 $ (3,567 ) $ 8,609 (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 Six months ended June 30, 2020 For the Six months ended June 30, 2019 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains on available-for-sale securities $ — $ 14 Net gain (loss) on sale of securities Tax effect — (3 ) Income tax expense — 11 Amortization of defined benefit pension items Actuarial gains/(losses) (b) (145 ) (294 ) Other operating expenses Tax effect 31 62 Income tax expense (114 ) (232 ) Total reclassifications for the period $ (114 ) $ (221 ) (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 | 6 Months Ended |
Jun. 30, 2020 | |
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 June 30, 2020 and December 31, 2019. Acquired intangible assets, other than goodwill, as of June 30, 2020 and December 31, 2019 were as follows: 2020 2019 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets(1): Core deposit intangibles $ 14,792 $ 8,508 $ 6,284 $ 14,792 $ 8,049 $ 6,743 Total amortized intangible assets $ 14,792 $ 8,508 $ 6,284 $ 14,792 $ 8,049 $ 6,743 (1) Excludes fully amortized intangible assets Aggregate core deposit intangible amortization expense was $228, $235, $459 and $475 for the three and six months ended June 30, 2020 and 2019, respectively. Activity for mortgage servicing rights (MSRs) and the related valuation allowance as of June 30, 2020 and December 31, 2019 were as follows: 2020 2019 Loan Servicing Rights: Beginning of year $ 1,562 $ 1,664 Additions 543 247 Disposals — — Amortized to expense (226 ) (247 ) Other charges — — Change in valuation allowance (162 ) (102 ) End of year $ 1,717 $ 1,562 Valuation allowance: Beginning of year $ 102 $ — Additions expensed 162 102 Reductions credited to operations — — Direct write-offs — — End of year $ 264 $ 102 Estimated amortization expense for each of the next five years and thereafter is as follows: MSRs Core deposit intangibles Total 2020 $ 52 $ 455 $ 507 2021 104 891 995 2022 104 868 972 2023 103 841 944 2024 102 804 906 Thereafter 1,252 2,425 3,677 $ 1,717 $ 6,284 $ 8,001 |
Short-Term and Other Borrowings
Short-Term and Other Borrowings | 6 Months Ended |
Jun. 30, 2020 | |
Debt Disclosure [Abstract] | |
Short-Term and Other Borrowings | (8) Short-Term and Other Borrowings Short-term borrowings, which consist of federal funds purchased and other short-term borrowings, are included in Short-term Federal Home Loan Bank advances on the Consolidated Balance Sheets and are summarized as follows: At June 30, 2020 At June 30, 2019 Federal Funds Purchased Short-term Borrowings Federal Funds Purchased Short-term Borrowings Outstanding balance $ — $ — $ — $ 121,300 Interest rate on balance — — — 2.46 % Maximum indebtedness 37,000 102,700 — 192,700 Average balance 305 16,391 — 102,108 Average rate paid 1.98 % 1.64 % — 2.51 % 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 December 31, 2019. Other borrowings consist of the Paycheck Protection Program Lending Facility (“PPPLF”). The PPPLF is intended to facilitate lending, by eligible borrowers, to small businesses under the PPP of the CARES Act. Under the PPPLF, the Federal Reserve Banks will lend to eligible borrowers on a non-recourse basis, taking PPP loans as collateral. During the second quarter of 2020, the Company borrowed $183,695 under the PPPLF. The maturity date of the PPPLF borrowing will equal the maturity date of the PPP loans pledged to secure the borrowing. The rate paid on the borrowing is at 0.35%. 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 June 30, 2020 and December 31, 2019. All of the repurchase agreements are overnight agreements. June 30, 2020 December 31, 2019 Securities pledged for repurchase agreements: U.S. Treasury securities $ 917 $ 810 Obligations of U.S. government agencies 22,691 17,864 Total securities pledged $ 23,608 $ 18,674 Gross amount of recognized liabilities for repurchase agreements $ 23,608 $ 18,674 Amounts related to agreements not included in offsetting disclosures above $ — $ — |
Earnings per Common Share
Earnings per Common Share | 6 Months Ended |
Jun. 30, 2020 | |
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 Six Months Ended June 30, June 30, 2020 2019 2020 2019 Basic Net income $ 6,504 $ 8,661 $ 14,337 $ 18,330 Preferred stock dividends — 164 — 328 Net income available to common shareholders—basic $ 6,504 $ 8,497 $ 14,337 $ 18,002 Weighted average common shares outstanding—basic 16,044,125 15,628,537 16,280,935 15,618,154 Basic earnings per common share $ 0.41 $ 0.54 $ 0.88 $ 1.15 Diluted Net income available to common shareholders—basic $ 6,504 $ 8,497 $ 14,337 $ 18,002 Preferred stock dividends — 164 0 328 Net income available to common shareholders—diluted $ 6,504 $ 8,661 $ 14,337 $ 18,330 Weighted average common shares outstanding for basic earnings per common share 16,044,125 15,628,537 16,280,935 15,618,154 Add: Dilutive effects of convertible preferred shares — 1,294,175 — 1,294,175 Average shares and dilutive potential common shares outstanding—diluted 16,044,125 16,922,712 16,280,935 16,912,329 Diluted earnings per common share $ 0.41 $ 0.51 $ 0.88 $ 1.08 For the three- and six-month periods ended June 30, 2019, there were 1,294,175 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. Effective December 20, 2019, the Company redeemed all convertible preferred shares and corresponding depositary shares that remained outstanding. |
Commitments, Contingencies and
Commitments, Contingencies and Off-Balance Sheet Risk | 6 Months Ended |
Jun. 30, 2020 | |
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 June 30, 2020 and December 31, 2019: Contract Amount June 30, 2020 December 31, 2019 Fixed Rate Variable Rate Fixed Rate Variable Rate Commitment to extend credit: Lines of credit and construction loans $ 10,291 $ 431,564 $ 15,155 $ 396,516 Overdraft protection 6 41,231 5 37,286 Letters of credit 600 886 624 776 $ 10,897 $ 473,681 $ 15,784 $ 434,578 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 3.50% to 8.00% at June 30, 2020 and from 4.50% to 8.50% at December 31, 2019. 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 $0 on June 30, 2020 and $7,127 on December 31, 2019. Such amounts are included within cash and due from financial institutions on the Consolidated Balance Sheet. |
Pension Information
Pension Information | 6 Months Ended |
Jun. 30, 2020 | |
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 cost was as follows: Three months ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Service cost $ — $ — $ — $ — Interest cost 121 128 242 256 Expected return on plan assets (187 ) (256 ) (374 ) (512 ) Other components 72 147 145 294 Net periodic pension cost $ 6 $ 19 $ 13 $ 38 The Company does not expect to make any contribution to its pension plan in 2020. The Company made no contribution to its pension plan in 2019. |
Equity Incentive Plan
Equity Incentive Plan | 6 Months Ended |
Jun. 30, 2020 | |
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 198,756 shares available for future grants under this plan at June 30, 2020. No options were granted under the 2014 Incentive Plan during the periods ended June 30, 2020 and 2019. 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 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. On May 21, 2020, 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 14,266 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 2021 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 six-month periods ended June 30, 2020: Three months ended Six Months Ended June 30, 2020 June 30, 2020 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 54,274 $ 20.90 44,027 $ 20.48 Granted — — 26,979 21.26 Vested — — (16,732 ) 20.36 Forfeited — — — — Nonvested at end of period 54,274 $ 20.90 54,274 $ 20.90 The following is a summary of the status of the Company’s outstanding restricted shares as of June 30, 2020: At June 30, 2020 Date of Award Shares Remaining Expense Remaining Vesting Period (Years) January 15, 2016 2,056 $ 10 0.50 March 20, 2017 2,388 37 1.50 April 10, 2018 2,643 23 0.50 April 10, 2018 4,670 77 2.50 March 14, 2019 6,796 95 1.50 March 14, 2019 8,742 139 3.50 March 13, 2020 12,982 242 2.50 March 13, 2020 13,997 226 4.50 54,274 $ 849 2.80 During the six months ended June 30, 2020, the Company recorded $223 of share-based compensation expense and $196 of director retainer fees for shares granted under the 2014 Incentive Plan. At June 30, 2020, the total compensation cost related to unvested awards not yet recognized is $ 849 , which is expected to be recognized over the weighted average remaining life of the grants of 2.80 years . |
Fair Value Measurement
Fair Value Measurement | 6 Months Ended |
Jun. 30, 2020 | |
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 June 30, 2020 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 $ — $ 19,500 $ — Obligations of states and political subdivisions — 224,319 — Mortgage-backed securities in government sponsored entities — 124,564 — Total securities available for sale — 368,383 — Equity securities — 798 — Swap asset — 25,719 — Liabilities measured at fair value on a recurring basis: Swap liability $ — $ 25,719 $ — Fair Value Measurements at December 31, 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 $ — $ 19,601 $ — Obligations of states and political subdivisions — 206,034 — Mortgage-backed securities in government sponsored entities — 132,864 — Total securities available for sale — 358,499 — Equity securities — 1,191 — Swap asset — 8,918 — Liabilities measured at fair value on a recurring basis: Swap liability — 8,918 — Assets measured at fair value on a nonrecurring basis: Impaired loans $ — $ — $ 1 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, 2019. Quantitative Information about Level 3 Fair Value Measurements December 31, 2019 Fair Value Valuation Technique Unobservable Input Range Weighted Average Impaired loans $ 1 Appraisal of collateral Appraisal adjustments 30% 30% Holding period 22 months 22 months The carrying amount and fair values of financial instruments not measured at fair value on a recurring or nonrecurring basis at June 30, 2020 are as follows: June 30, 2020 Carrying Amount Total Fair Value Level 1 Level 2 Level 3 Financial Assets: Cash and due from financial institutions $ 196,520 $ 196,520 $ 196,520 $ — $ — Other securities 20,537 20,537 20,537 — — Loans, held for sale 18,523 18,894 18,894 — — Loans, net of allowance 2,002,545 2,031,416 — — 2,031,416 Bank owned life insurance 45,489 45,489 45,489 — — Accrued interest receivable 11,047 11,047 11,047 — — Financial Liabilities: Nonmaturing deposits 1,776,351 1,776,351 1,776,351 — — Time deposits 292,910 294,736 — — 294,736 Long-term FHLB advances 125,000 129,753 — — 129,753 Other borrowings 183,695 183,682 — — 183,682 Securities sold under agreement to repurchase 23,608 23,608 23,608 — — Subordinated debentures 29,427 32,048 — — 32,048 Accrued interest payable 240 240 240 — — The carrying amount and fair values of financial instruments not measured at fair value on a recurring or nonrecurring basis at December 31, 2019 are as follows: December 31, 2019 Carrying Amount Total Fair Value Level 1 Level 2 Level 3 Financial Assets: Cash and due from financial institutions $ 48,535 $ 48,535 $ 48,535 $ — $ — Other securities 20,280 20,280 20,280 — — Loans, held for sale 2,285 2,331 2,331 — — Loans, net of allowance 1,694,203 1,713,863 — — 1,713,863 Bank owned life insurance 44,999 44,999 44,999 — — Accrued interest receivable 7,093 7,093 7,093 — — Financial Liabilities: Nonmaturing deposits 1,402,924 1,402,924 1,402,924 — — Time deposits 275,840 276,616 — — 276,616 Short-term FHLB advances 101,500 101,500 101,500 — — Long-term FHLB advances 125,000 123,893 — — 123,893 Securities sold under agreement to repurchase 18,674 18,674 18,674 — — Subordinated debentures 29,427 34,452 — — 34,452 Accrued interest payable 277 277 277 — — |
Derivatives
Derivatives | 6 Months Ended |
Jun. 30, 2020 | |
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 June 30, 2020. Classification on the Consolidated Balance Sheet Notional Amount Fair Value Weighted Average Rate Received/(Paid) Derivative Assets Other Assets $ 219,075 $ 25,719 4.61 % Derivative Liabilities Accrued expenses and other liabilities (219,075 ) (25,719 ) -4.61 % Net Exposure $ — $ — The following table summarizes the Company’s interest rate swap positions as of December 31, 2019. Classification on the Consolidated Balance Sheet Notional Amount Fair Value Weighted Average Rate Received/(Paid) Derivative Assets Other Assets $ 151,648 $ 8,918 5.04 % Derivative Liabilities Accrued expenses and other liabilities (151,648 ) (8,918 ) -5.04 % 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. At June 30, 2020, the Company had cash and securities at fair value pledged for collateral on its interest rate swaps with third party financial institutions of $11,110 and $16,862, respectively. At December 31, 2019, securities with a fair value of $14,032 were pledged as collateral. |
Qualified Affordable Housing Pr
Qualified Affordable Housing Project Investments | 6 Months Ended |
Jun. 30, 2020 | |
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 June 30, 2020 and December 31, 2019, the balance of the investment for qualified affordable housing projects was $5,353 and $5,154, 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 $4,885 and $5,417 at June 30, 2020 and December 31, 2019, respectively. During the three months ended June 30, 2020 and 2019, the Company recognized amortization expense with respect to its investments in qualified affordable housing projects of $164 and $133, respectively, offset by tax credits and other benefits from its investment in affordable housing tax credits of $301 and $276, respectively. During the six months ended June 30, 2020 and 2019, the Company recognized amortization expense with respect to its investments in qualified affordable housing projects of $333 and $266, respectively, offset by tax credits and other benefits from its investment in affordable housing tax credits of $584 and $552, respectively. During the three and six months ended June 30, 2020 and 2019, the Company did not incur impairment losses related to its investment in qualified affordable housing projects. |
Revenue Recognition
Revenue Recognition | 6 Months Ended |
Jun. 30, 2020 | |
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 six months ended June 30, 2020 and 2019. Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Noninterest Income In-scope of Topic 606: Service charges $ 930 $ 1,552 $ 2,398 $ 3,008 ATM/Interchange fees 1,149 951 2,043 1,857 Wealth management fees 904 911 1,910 1,758 Tax refund processing fees 475 550 2,375 2,750 Other 149 265 419 396 Noninterest Income (in-scope of Topic 606) 3,607 4,229 9,145 9,769 Noninterest Income (out-of-scope of Topic 606) 3,247 875 4,585 1,619 Total Noninterest Income $ 6,854 $ 5,104 $ 13,730 $ 11,388 |
Subsequent Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2020 | |
Subsequent Events [Abstract] | |
Subsequent Events | (17) Subsequent Events Loan Modification/Troubled Debt Restructurings Civista has received second customer deferral requests related to the COVID-19 pandemic for loans that had been previously modified. Through August 5, 2020, Civista granted a second modification on 75 loans totaling $95,153. Most of the second modifications consisted of the deferral of principal and/or interest payments as was granted under the first modification. Included in the second modifications were 17 loans totaling $33,160 that migrated from principal and interest deferrals to interest only payments. Eighty-seven loans have returned to making principal and interest payments and 651 loans are still within the original 90-day modification period. Details with respect to the second loan modifications are as follows: Number of Weighted Average Type of Loan Loans Balance Interest Rate (In thousands) Commercial & Agriculture 25 $ 8,635 4.63 % Commercial Real Estate: Owner Occupied 23 14,343 4.59 % Non-Owner Occupied 25 65,640 4.42 % Real Estate Construction 2 6,535 3.42 % Total 75 $ 95,153 4.40 % |
Significant Accounting Polici_2
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2020 | |
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 |
Reclassifications | Reclassifications: |
Adoption of New Accounting Standards | Adoption of New Accounting Standards: In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement In August 2018, the FASB issued ASU 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40). 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) , which made the following targeted improvements to generally accepted accounting principles (GAAP) for collaborative arrangements: (1) clarified that certain transactions between collaborative arrangement participants should be accounted for as revenue under Topic 606 when the collaborative arrangement participant is a customer in the context of a unit of account, (2) add ed unit-of-account guidance in Topic 808 to align with the guidance in Topic 606 (that is, a distinct good or service) when an entity is assessing whether the collaborative arrangement or a part of the arrangement is within the scope of Topic 606 , and (3) require d that in a transaction with a collaborative arrangement participant that is not directly related to sales to third parties, presenting the transaction together with revenue recognized under Topic 606 is precluded if the collaborative arrangement participant is not a customer. We adopted ASU 2018-18 effective January 1, 2020, which did not have a material impact on the Company’s Consolidated Financial Statements . |
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 (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment Financial Instruments ‒ Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) Intangibles – Goodwill and Other In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, and Topic 825, Financial Instruments, which affects a variety of topics in the Codification and applies to all reporting entities within the scope of the affected accounting guidance. Topic 326, Financial Instruments – Credit Losses amendments are effective for SEC registrants for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. 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 were to be effective for interim and annual reporting periods beginning after December 15, 2019 . In November 2019, however, the FASB issued ASU 2019-10, Financial Instruments ‒ Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) . This Update defers the effective date of ASU 2016-13 for SEC filers that are eligible to be smaller reporting companies, such as the Company, to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years . 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 (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting Other recent ASU’s issued by the FASB did not, or are not believed by management to have a material effect on the Company’s present or future Consolidated Financial Statements. |
Securities (Tables)
Securities (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
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: June 30, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury securities and obligations of U.S. government agencies $ 19,124 $ 377 $ (1 ) $ 19,500 Obligations of states and political subdivisions 206,192 18,139 (12 ) 224,319 Mortgage-backed securities in government sponsored entities 118,322 6,247 (5 ) 124,564 Total debt securities $ 343,638 $ 24,763 $ (18 ) $ 368,383 December 31, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury securities and obligations of U.S. government agencies $ 19,401 $ 204 $ (4 ) $ 19,601 Obligations of states and political subdivisions 193,646 12,409 (21 ) 206,034 Mortgage-backed securities in government sponsored entities 129,145 3,863 (144 ) 132,864 Total debt securities $ 342,192 $ 16,476 $ (169 ) $ 358,499 |
Fair Value of Securities by Contractual Maturity | The amortized cost and fair value of securities at June 30, 2020, 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 $ 8,185 $ 8,252 Due after one year through five years 17,501 17,966 Due after five years through ten years 26,404 28,233 Due after ten years 173,226 189,368 Mortgage-backed securities 118,322 124,564 Total securities available for sale $ 343,638 $ 368,383 |
Proceeds from Sales of Securities Available for Sale, Gross Realized Gains and Losses | Proceeds from sales of securities available for sale, gross realized gains and gross realized losses were as follows: Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Sale proceeds $ — $ — $ — $ 16,829 Gross realized gains — — — 47 Gross realized losses — — — 43 Gains from securities called or settled by the issuer — 10 — 10 |
Securities with Unrealized Losses Not Recognized in Income | Securities with unrealized losses at June 30, 2020 and December 31, 2019 not recognized in income are as follows: June 30, 2020 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 $ — $ — $ 142 $ (1 ) $ 142 $ (1 ) Obligations of states and political subdivisions 1,333 (12 ) — — 1,333 (12 ) Mortgage-backed securities in gov’t sponsored entities 1,085 (5 ) — — 1,085 (5 ) Total temporarily impaired $ 2,418 $ (17 ) $ 142 $ (1 ) $ 2,560 $ (18 ) December 31, 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 $ — $ — $ 3,408 $ (4 ) $ 3,408 $ (4 ) Obligations of states and political subdivisions 1,947 (21 ) — — 1,947 (21 ) Mortgage-backed securities in gov’t sponsored entities 10,653 (91 ) 7,732 (53 ) 18,385 (144 ) Total temporarily impaired $ 12,600 $ (112 ) $ 11,140 $ (57 ) $ 23,740 $ (169 ) |
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 six months ended June 30, 2020 and 2019, and the portion of unrealized gains and losses for the period that relates to equity investments held at June 30, 2020 and 2019: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Net losses recognized on equity securities during the period $ (5 ) $ (33 ) $ (146 ) $ (31 ) Less: Net losses realized on the sale of equity securities during the period — — 6 — Unrealized losses recognized on equity securities held at reporting date $ (5 ) $ (33 ) $ (140 ) $ (31 ) |
Loans (Tables)
Loans (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Loan Balances | Loan balances were as follows: June 30, 2020 December 31, 2019 Commercial & Agriculture $ 442,444 $ 203,110 Commercial Real Estate- Owner Occupied 252,914 245,606 Commercial Real Estate- Non-Owner Occupied 646,792 592,222 Residential Real Estate 453,067 463,032 Real Estate Construction 178,318 155,825 Farm Real Estate 35,441 34,114 Consumer and Other 13,989 15,061 Total loans 2,022,965 1,708,970 Allowance for loan losses (20,420 ) (14,767 ) Net loans $ 2,002,545 $ 1,694,203 |
Schedule of Loan Modifications | There were no loans modified as TDRs during the three-month periods ended June 30, 2020 and 2019 and for the six-month period ended June 30, 2020. For the Six-Month Period Ended June 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 Civista has received second customer deferral requests related to the COVID-19 pandemic for loans that had been previously modified. Through August 5, 2020, Civista granted a second modification on 75 loans totaling $95,153. Most of the second modifications consisted of the deferral of principal and/or interest payments as was granted under the first modification. Included in the second modifications were 17 loans totaling $33,160 that migrated from principal and interest deferrals to interest only payments. Eighty-seven loans have returned to making principal and interest payments and 651 loans are still within the original 90-day modification period. Details with respect to the second loan modifications are as follows: Number of Weighted Average Type of Loan Loans Balance Interest Rate (In thousands) Commercial & Agriculture 25 $ 8,635 4.63 % Commercial Real Estate: Owner Occupied 23 14,343 4.59 % Non-Owner Occupied 25 65,640 4.42 % Real Estate Construction 2 6,535 3.42 % Total 75 $ 95,153 4.40 % |
CARES Act [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Schedule of Loan Modifications | Details with respect to actual loan modifications are as follows: Number of Weighted Average Type of Loan Loans Balance Interest Rate (In thousands) Commercial & Agriculture 229 $ 47,686 4.56 % Commercial Real Estate: Owner Occupied 193 91,831 4.82 % Non-Owner Occupied 179 234,543 4.47 % Residential Real Estate 170 29,012 4.67 % Real Estate Construction 18 26,296 4.39 % Farm Real Estate 9 1,783 4.94 % Consumer and Other 15 132 8.01 % Total 813 $ 431,283 4.57 % |
CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Schedule of Loan Modifications | The following table provides information regarding our potential COVID-19 risk concentrations for commercial and commercial real estate loans by industry type at June 30, 2020. Commercial & Agriculture Commercial Real Estate- Owner Occupied Commercial Real Estate- Non-Owner Occupied Total Administration and support $ 365 $ 952 $ — $ 1,317 Agriculture 153 811 — 964 Construction 3,895 298 1,370 5,563 Education 74 2,363 — 2,437 Entertainment and recreation 3,102 26,638 5,151 34,891 Health care 3,226 11,523 — 14,749 Hotels 1,802 979 52,309 55,090 Information, finance and insurance 175 — — 175 Manufacturing 6,192 2,068 — 8,260 Other services 4,490 9,319 3,421 17,230 Professional and management 250 394 — 644 Real estate 590 15,631 168,606 184,827 Restaurants 17,818 12,998 3,042 33,858 Retail 3,838 4,637 644 9,119 Transportation and warehousing 216 542 — 758 Wholesalers 1,500 2,678 — 4,178 Total $ 47,686 $ 91,831 $ 234,543 $ 374,060 |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
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 six months ended June 30, 2020 and 2019. Allowance for loan losses: For the three months ended June 30, 2020 Beginning Charge-offs Recoveries Provision Ending Balance Commercial & Agriculture $ 2,400 $ (15 ) $ 3 $ 411 $ 2,799 Commercial Real Estate: Owner Occupied 2,810 (1 ) 7 595 3,411 Non-Owner Occupied 7,617 — 37 1,515 9,169 Residential Real Estate 1,950 (74 ) 31 527 2,434 Real Estate Construction 1,606 — 2 236 1,844 Farm Real Estate 310 — 4 47 361 Consumer and Other 246 (26 ) 18 9 247 Unallocated 9 — — 146 155 Total $ 16,948 $ (116 ) $ 102 $ 3,486 $ 20,420 Allowance for loan losses: For the three months ended June 30, 2019 Beginning balance Charge-offs Recoveries Provision Ending Balance Commercial & Agriculture $ 1,834 $ (27 ) $ 3 $ 18 $ 1,828 Commercial Real Estate: Owner Occupied 1,979 — 17 13 2,009 Non-Owner Occupied 5,989 — 30 (152 ) 5,867 Residential Real Estate 1,434 (105 ) 37 332 1,698 Real Estate Construction 971 — — 164 1,135 Farm Real Estate 366 — 1 (2 ) 365 Consumer and Other 251 (24 ) 32 (58 ) 201 Unallocated 998 — — (315 ) 683 Total $ 13,822 $ (156 ) $ 120 $ — $ 13,786 Allowance for loan losses: For the six months ended June 30, 2020 Beginning balance Charge-offs Recoveries Provision Ending Balance Commercial & Agriculture $ 2,219 $ (15 ) $ 4 $ 591 $ 2,799 Commercial Real Estate: Owner Occupied 2,541 (1 ) 14 857 3,411 Non-Owner Occupied 6,584 — 41 2,544 9,169 Residential Real Estate 1,582 (97 ) 79 870 2,434 Real Estate Construction 1,250 — 2 592 1,844 Farm Real Estate 344 — 7 10 361 Consumer and Other 247 (27 ) 34 (7 ) 247 Unallocated — — — 155 155 Total $ 14,767 $ (140 ) $ 181 $ 5,612 $ 20,420 Allowance for loan losses: For the six months ended June 30, 2019 Beginning balance Charge-offs Recoveries Provision Ending Balance Commercial & Agriculture $ 1,747 $ (27 ) $ 4 $ 104 $ 1,828 Commercial Real Estate: Owner Occupied 1,962 (60 ) 239 (132 ) 2,009 Non-Owner Occupied 5,803 — 44 20 5,867 Residential Real Estate 1,531 (203 ) 162 208 1,698 Real Estate Construction 1,046 (24 ) — 113 1,135 Farm Real Estate 397 — 2 (34 ) 365 Consumer and Other 284 (81 ) 51 (53 ) 201 Unallocated 909 — — (226 ) 683 Total $ 13,679 $ (395 ) $ 502 $ — $ 13,786 The following tables present, by portfolio segment, the allocation of the allowance for loan losses and related loan balances as of June 30, 2020 and December 31, 2019. June 30, 2020 Loans acquired with credit deterioration Loans individually evaluated for impairment Loans collectively evaluated for impairment Total Allowance for loan losses: Commercial & Agriculture $ — $ — $ 2,799 $ 2,799 Commercial Real Estate: Owner Occupied — 8 3,403 3,411 Non-Owner Occupied — — 9,169 9,169 Residential Real Estate — 84 2,350 2,434 Real Estate Construction — — 1,844 1,844 Farm Real Estate — — 361 361 Consumer and Other — — 247 247 Unallocated — — 155 155 Total $ — $ 92 $ 20,328 $ 20,420 Outstanding loan balances: Commercial & Agriculture $ — $ — $ 442,444 $ 442,444 Commercial Real Estate: Owner Occupied — 403 252,511 252,914 Non-Owner Occupied — 368 646,424 646,792 Residential Real Estate 463 1,183 451,421 453,067 Real Estate Construction — — 178,318 178,318 Farm Real Estate — 653 34,788 35,441 Consumer and Other — — 13,989 13,989 Total $ 463 $ 2,607 $ 2,019,895 $ 2,022,965 December 31, 2019 Loans acquired with credit deterioration Loans individually evaluated for impairment Loans collectively evaluated for impairment Total Allowance for loan losses: Commercial & Agriculture $ — $ — $ 2,219 $ 2,219 Commercial Real Estate: Owner Occupied — 9 2,532 2,541 Non-Owner Occupied — — 6,584 6,584 Residential Real Estate — 82 1,500 1,582 Real Estate Construction — — 1,250 1,250 Farm Real Estate — — 344 344 Consumer and Other — — 247 247 Unallocated — — 0 0 Total $ — $ 91 $ 14,676 $ 14,767 Outstanding loan balances: Commercial & Agriculture $ — $ 367 $ 202,743 $ 203,110 Commercial Real Estate: Owner Occupied — 426 245,180 245,606 Non-Owner Occupied — 374 591,848 592,222 Residential Real Estate 467 1,764 460,801 463,032 Real Estate Construction — — 155,825 155,825 Farm Real Estate — 666 33,448 34,114 Consumer and Other — — 15,061 15,061 Total $ 467 $ 3,597 $ 1,704,906 $ 1,708,970 |
Credit Exposures by Internally Assigned Grades | June 30, 2020 Pass Special Mention Substandard Doubtful Ending Balance Commercial & Agriculture $ 437,923 $ 2,526 $ 1,995 $ — $ 442,444 Commercial Real Estate: Owner Occupied 241,144 8,867 2,903 — 252,914 Non-Owner Occupied 643,612 1,773 1,407 — 646,792 Residential Real Estate 78,028 486 5,731 — 84,245 Real Estate Construction 165,678 485 8 — 166,171 Farm Real Estate 32,302 550 2,589 — 35,441 Consumer and Other 1,024 — 21 — 1,045 Total $ 1,599,711 $ 14,687 $ 14,654 $ — $ 1,629,052 December 31, 2019 Pass Special Mention Substandard Doubtful Ending Balance Commercial & Agriculture $ 199,649 $ 2,236 $ 1,225 $ — $ 203,110 Commercial Real Estate: Owner Occupied 237,171 5,617 2,818 — 245,606 Non-Owner Occupied 588,633 2,155 1,434 — 592,222 Residential Real Estate 73,289 528 6,495 — 80,312 Real Estate Construction 145,251 — 9 — 145,260 Farm Real Estate 30,808 567 2,739 — 34,114 Consumer and Other 1,289 — 6 — 1,295 Total $ 1,276,090 $ 11,103 $ 14,726 $ — $ 1,301,919 |
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. June 30, 2020 Residential Real Estate Real Estate Construction Consumer and Other Total Performing $ 368,822 $ 12,147 $ 12,942 $ 393,911 Nonperforming — — 2 2 Total $ 368,822 $ 12,147 $ 12,944 $ 393,913 December 31, 2019 Residential Real Estate Real Estate Construction Consumer and Other Total Performing $ 382,720 $ 10,565 $ 13,766 $ 407,051 Nonperforming — — — — Total $ 382,720 $ 10,565 $ 13,766 $ 407,051 |
Aging Analysis of Past Due Loans | The following tables include an aging analysis of the recorded investment of past due loans outstanding as of June 30, 2020 and December 31, 2019. June 30, 2020 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 $ — $ — $ 55 $ 55 $ 442,389 $ — $ 442,444 $ — Commercial Real Estate: Owner Occupied 323 — 585 908 252,006 — 252,914 — Non-Owner Occupied — — 7 7 646,785 — 646,792 — Residential Real Estate 177 418 1,049 1,644 450,960 463 453,067 — Real Estate Construction — — — — 178,318 — 178,318 — Farm Real Estate — — 4 4 35,437 — 35,441 — Consumer and Other 70 23 12 105 13,884 — 13,989 2 Total $ 570 $ 441 $ 1,712 $ 2,723 $ 2,019,779 $ 463 $ 2,022,965 $ 2 December 31, 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 $ 27 $ 35 $ 106 $ 168 $ 202,942 $ — $ 203,110 $ — Commercial Real Estate: Owner Occupied 453 63 663 1,179 244,427 — 245,606 — Non-Owner Occupied — — 8 8 592,214 — 592,222 — Residential Real Estate 2,399 198 1,775 4,372 458,193 467 463,032 — Real Estate Construction — — — — 155,825 — 155,825 — Farm Real Estate — — 7 7 34,107 — 34,114 — Consumer and Other 129 46 — 175 14,886 — 15,061 — Total $ 3,008 $ 342 $ 2,559 $ 5,909 $ 1,702,594 $ 467 $ 1,708,970 $ — |
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 June 30, 2020 and December 31, 2019. June 30, 2020 December 31, 2019 Commercial & Agriculture $ 83 $ 173 Commercial Real Estate: Owner Occupied 832 938 Non-Owner Occupied 7 8 Residential Real Estate 3,753 4,183 Real Estate Construction 8 9 Farm Real Estate 259 284 Consumer and Other 19 4 Total $ 4,961 $ 5,599 |
Schedule of Loan Modifications | There were no loans modified as TDRs during the three-month periods ended June 30, 2020 and 2019 and for the six-month period ended June 30, 2020. For the Six-Month Period Ended June 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 Civista has received second customer deferral requests related to the COVID-19 pandemic for loans that had been previously modified. Through August 5, 2020, Civista granted a second modification on 75 loans totaling $95,153. Most of the second modifications consisted of the deferral of principal and/or interest payments as was granted under the first modification. Included in the second modifications were 17 loans totaling $33,160 that migrated from principal and interest deferrals to interest only payments. Eighty-seven loans have returned to making principal and interest payments and 651 loans are still within the original 90-day modification period. Details with respect to the second loan modifications are as follows: Number of Weighted Average Type of Loan Loans Balance Interest Rate (In thousands) Commercial & Agriculture 25 $ 8,635 4.63 % Commercial Real Estate: Owner Occupied 23 14,343 4.59 % Non-Owner Occupied 25 65,640 4.42 % Real Estate Construction 2 6,535 3.42 % Total 75 $ 95,153 4.40 % |
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 June 30, 2020 and December 31, 2019. June 30, 2020 December 31, 2019 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial & Agriculture $ — $ — $ 367 $ 367 Commercial Real Estate: Owner Occupied 156 156 168 168 Non-Owner Occupied 368 368 374 374 Residential Real Estate 1,002 1,074 1,571 1,643 Farm Real Estate 653 653 666 666 Total 2,179 2,251 3,146 3,218 With an allowance recorded: Commercial Real Estate: Owner Occupied 247 247 $ 8 258 258 $ 9 Residential Real Estate 181 186 84 193 197 82 Total 428 433 92 451 455 91 Total: Commercial & Agriculture — — — 367 367 — Commercial Real Estate: Owner Occupied 403 403 8 426 426 9 Non-Owner Occupied 368 368 — 374 374 — Residential Real Estate 1,183 1,260 84 1,764 1,840 82 Farm Real Estate 653 653 — 666 666 — Total $ 2,607 $ 2,684 $ 92 $ 3,597 $ 3,673 $ 91 The following table includes the average recorded investment and interest income recognized for impaired financing receivables for the three-month periods ended June 30, 2020 and 2019. June 30, 2020 June 30, 2019 For the three months ended Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial & Agriculture $ — $ — $ 367 $ 6 Commercial Real Estate—Owner Occupied 409 7 465 9 Commercial Real Estate—Non-Owner Occupied 369 5 381 5 Residential Real Estate 1,462 11 1,137 15 Farm Real Estate 659 6 687 8 Total $ 2,899 $ 29 $ 3,037 $ 43 June 30, 2020 June 30, 2019 For the six months ended Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Commercial & Agriculture $ 122 $ 4 $ 367 $ 12 Commercial Real Estate—Owner Occupied 415 14 472 17 Commercial Real Estate—Non-Owner Occupied 371 10 264 9 Residential Real Estate 1,563 24 1,184 31 Farm Real Estate 662 13 690 15 Total $ 3,133 $ 65 $ 2,977 $ 84 |
Schedule of Changes in Accretable Yield for PCI Loans | Changes in the accretable yield for PCI loans were as follows, since acquisition: For the Three-Month Period Ended June 30, 2020 For the Three-Month Period Ended June 30, 2019 (In Thousands) (In Thousands) Balance at beginning of period $ 206 $ 326 Acquisition of PCI loans — — Accretion (7 ) (67 ) Transfer from non-accretable to accretable 6 — Balance at end of period $ 205 $ 259 For the Six-Month Period Ended June 30, 2020 For the Six-Month Period Ended June 30, 2019 (In Thousands) (In Thousands) Balance at beginning of period $ 255 $ 336 Acquisition of PCI loans — — Accretion (169 ) (77 ) Transfer fron non-accretable to accretable 119 — Balance at end of period $ 205 $ 259 |
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 June 30, 2020 At December 31, 2019 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 $ 976 $ 1,149 Carrying amount 463 467 |
Other Comprehensive Income (Tab
Other Comprehensive Income (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
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 June 30, 2020(a) June 30, 2019(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 $ 15,840 $ (5,952 ) $ 9,888 $ 7,200 $ (3,683 ) $ 3,517 Other comprehensive income before reclassifications 3,709 — 3,709 4,984 — 4,984 Amounts reclassified from accumulated other comprehensive income (loss) — 57 57 (8 ) 116 108 Net current-period other comprehensive income 3,709 57 3,766 4,976 116 5,092 Ending balance $ 19,549 $ (5,895 ) $ 13,654 $ 12,176 $ (3,567 ) $ 8,609 (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 Six-Month Period Ended For the Six-Month Period Ended June 30, 2020(a) June 30, 2019(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 $ 12,883 $ (6,009 ) $ 6,874 $ 2,347 $ (3,799 ) $ (1,452 ) Other comprehensive income before reclassifications 6,666 — 6,666 9,840 — 9,840 Amounts reclassified from accumulated other comprehensive income (loss) — 114 114 (11 ) 232 221 Net current-period other comprehensive income 6,666 114 6,780 9,829 232 10,061 Ending balance $ 19,549 $ (5,895 ) $ 13,654 $ 12,176 $ (3,567 ) $ 8,609 (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 June 30, 2020 For the Three months ended June 30, 2019 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains on available-for-sale securities $ — $ 10 Net gain (loss) on sale of securities Tax effect — (2 ) Income tax expense — 8 Amortization of defined benefit pension items Actuarial gains/(losses) (b) (72 ) (147 ) Other operating expenses Tax effect 15 31 Income tax expense (57 ) (116 ) Total reclassifications for the period $ (57 ) $ (108 ) (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 Six months ended June 30, 2020 For the Six months ended June 30, 2019 Affected Line Item in the Statement Where Net Income is Presented Unrealized gains on available-for-sale securities $ — $ 14 Net gain (loss) on sale of securities Tax effect — (3 ) Income tax expense — 11 Amortization of defined benefit pension items Actuarial gains/(losses) (b) (145 ) (294 ) Other operating expenses Tax effect 31 62 Income tax expense (114 ) (232 ) Total reclassifications for the period $ (114 ) $ (221 ) (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) | 6 Months Ended |
Jun. 30, 2020 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |
Schedule of Acquired Intangible Assets, Other than Goodwill | Acquired intangible assets, other than goodwill, as of June 30, 2020 and December 31, 2019 were as follows: 2020 2019 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangible assets(1): Core deposit intangibles $ 14,792 $ 8,508 $ 6,284 $ 14,792 $ 8,049 $ 6,743 Total amortized intangible assets $ 14,792 $ 8,508 $ 6,284 $ 14,792 $ 8,049 $ 6,743 (1) Excludes fully amortized intangible assets |
Schedule of Mortgage Servicing Rights (MSRs) and Related Valuation Allowance | Activity for mortgage servicing rights (MSRs) and the related valuation allowance as of June 30, 2020 and December 31, 2019 were as follows: 2020 2019 Loan Servicing Rights: Beginning of year $ 1,562 $ 1,664 Additions 543 247 Disposals — — Amortized to expense (226 ) (247 ) Other charges — — Change in valuation allowance (162 ) (102 ) End of year $ 1,717 $ 1,562 Valuation allowance: Beginning of year $ 102 $ — Additions expensed 162 102 Reductions credited to operations — — Direct write-offs — — End of year $ 264 $ 102 |
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 2020 $ 52 $ 455 $ 507 2021 104 891 995 2022 104 868 972 2023 103 841 944 2024 102 804 906 Thereafter 1,252 2,425 3,677 $ 1,717 $ 6,284 $ 8,001 |
Short-Term and Other Borrowin_2
Short-Term and Other Borrowings (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Debt Disclosure [Abstract] | |
Summary of Federal Funds Purchased and Other Short-term Borrowings are Included in Short-term 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 Short-term Federal Home Loan Bank advances on the Consolidated Balance Sheets and are summarized as follows: At June 30, 2020 At June 30, 2019 Federal Funds Purchased Short-term Borrowings Federal Funds Purchased Short-term Borrowings Outstanding balance $ — $ — $ — $ 121,300 Interest rate on balance — — — 2.46 % Maximum indebtedness 37,000 102,700 — 192,700 Average balance 305 16,391 — 102,108 Average rate paid 1.98 % 1.64 % — 2.51 % |
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 June 30, 2020 and December 31, 2019. All of the repurchase agreements are overnight agreements. June 30, 2020 December 31, 2019 Securities pledged for repurchase agreements: U.S. Treasury securities $ 917 $ 810 Obligations of U.S. government agencies 22,691 17,864 Total securities pledged $ 23,608 $ 18,674 Gross amount of recognized liabilities for repurchase agreements $ 23,608 $ 18,674 Amounts related to agreements not included in offsetting disclosures above $ — $ — |
Earnings per Common Share (Tabl
Earnings per Common Share (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
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 Six Months Ended June 30, June 30, 2020 2019 2020 2019 Basic Net income $ 6,504 $ 8,661 $ 14,337 $ 18,330 Preferred stock dividends — 164 — 328 Net income available to common shareholders—basic $ 6,504 $ 8,497 $ 14,337 $ 18,002 Weighted average common shares outstanding—basic 16,044,125 15,628,537 16,280,935 15,618,154 Basic earnings per common share $ 0.41 $ 0.54 $ 0.88 $ 1.15 Diluted Net income available to common shareholders—basic $ 6,504 $ 8,497 $ 14,337 $ 18,002 Preferred stock dividends — 164 0 328 Net income available to common shareholders—diluted $ 6,504 $ 8,661 $ 14,337 $ 18,330 Weighted average common shares outstanding for basic earnings per common share 16,044,125 15,628,537 16,280,935 15,618,154 Add: Dilutive effects of convertible preferred shares — 1,294,175 — 1,294,175 Average shares and dilutive potential common shares outstanding—diluted 16,044,125 16,922,712 16,280,935 16,912,329 Diluted earnings per common share $ 0.41 $ 0.51 $ 0.88 $ 1.08 |
Commitments, Contingencies an_2
Commitments, Contingencies and Off-Balance Sheet Risk (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
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 June 30, 2020 and December 31, 2019: Contract Amount June 30, 2020 December 31, 2019 Fixed Rate Variable Rate Fixed Rate Variable Rate Commitment to extend credit: Lines of credit and construction loans $ 10,291 $ 431,564 $ 15,155 $ 396,516 Overdraft protection 6 41,231 5 37,286 Letters of credit 600 886 624 776 $ 10,897 $ 473,681 $ 15,784 $ 434,578 |
Pension Information (Tables)
Pension Information (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Compensation And Retirement Disclosure [Abstract] | |
Components of Net Periodic Pension Cost | Net periodic pension cost was as follows: Three months ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Service cost $ — $ — $ — $ — Interest cost 121 128 242 256 Expected return on plan assets (187 ) (256 ) (374 ) (512 ) Other components 72 147 145 294 Net periodic pension cost $ 6 $ 19 $ 13 $ 38 |
Equity Incentive Plan (Tables)
Equity Incentive Plan (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
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 six-month periods ended June 30, 2020: Three months ended Six Months Ended June 30, 2020 June 30, 2020 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 54,274 $ 20.90 44,027 $ 20.48 Granted — — 26,979 21.26 Vested — — (16,732 ) 20.36 Forfeited — — — — Nonvested at end of period 54,274 $ 20.90 54,274 $ 20.90 The following is a summary of the status of the Company’s outstanding restricted shares as of June 30, 2020: At June 30, 2020 Date of Award Shares Remaining Expense Remaining Vesting Period (Years) January 15, 2016 2,056 $ 10 0.50 March 20, 2017 2,388 37 1.50 April 10, 2018 2,643 23 0.50 April 10, 2018 4,670 77 2.50 March 14, 2019 6,796 95 1.50 March 14, 2019 8,742 139 3.50 March 13, 2020 12,982 242 2.50 March 13, 2020 13,997 226 4.50 54,274 $ 849 2.80 |
Fair Value Measurement (Tables)
Fair Value Measurement (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
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 June 30, 2020 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 $ — $ 19,500 $ — Obligations of states and political subdivisions — 224,319 — Mortgage-backed securities in government sponsored entities — 124,564 — Total securities available for sale — 368,383 — Equity securities — 798 — Swap asset — 25,719 — Liabilities measured at fair value on a recurring basis: Swap liability $ — $ 25,719 $ — Fair Value Measurements at December 31, 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 $ — $ 19,601 $ — Obligations of states and political subdivisions — 206,034 — Mortgage-backed securities in government sponsored entities — 132,864 — Total securities available for sale — 358,499 — Equity securities — 1,191 — Swap asset — 8,918 — Liabilities measured at fair value on a recurring basis: Swap liability — 8,918 — Assets measured at fair value on a nonrecurring basis: Impaired loans $ — $ — $ 1 |
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 December 31, 2019. Quantitative Information about Level 3 Fair Value Measurements December 31, 2019 Fair Value Valuation Technique Unobservable Input Range Weighted Average Impaired loans $ 1 Appraisal of collateral Appraisal adjustments 30% 30% Holding period 22 months 22 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 June 30, 2020 are as follows: June 30, 2020 Carrying Amount Total Fair Value Level 1 Level 2 Level 3 Financial Assets: Cash and due from financial institutions $ 196,520 $ 196,520 $ 196,520 $ — $ — Other securities 20,537 20,537 20,537 — — Loans, held for sale 18,523 18,894 18,894 — — Loans, net of allowance 2,002,545 2,031,416 — — 2,031,416 Bank owned life insurance 45,489 45,489 45,489 — — Accrued interest receivable 11,047 11,047 11,047 — — Financial Liabilities: Nonmaturing deposits 1,776,351 1,776,351 1,776,351 — — Time deposits 292,910 294,736 — — 294,736 Long-term FHLB advances 125,000 129,753 — — 129,753 Other borrowings 183,695 183,682 — — 183,682 Securities sold under agreement to repurchase 23,608 23,608 23,608 — — Subordinated debentures 29,427 32,048 — — 32,048 Accrued interest payable 240 240 240 — — The carrying amount and fair values of financial instruments not measured at fair value on a recurring or nonrecurring basis at December 31, 2019 are as follows: December 31, 2019 Carrying Amount Total Fair Value Level 1 Level 2 Level 3 Financial Assets: Cash and due from financial institutions $ 48,535 $ 48,535 $ 48,535 $ — $ — Other securities 20,280 20,280 20,280 — — Loans, held for sale 2,285 2,331 2,331 — — Loans, net of allowance 1,694,203 1,713,863 — — 1,713,863 Bank owned life insurance 44,999 44,999 44,999 — — Accrued interest receivable 7,093 7,093 7,093 — — Financial Liabilities: Nonmaturing deposits 1,402,924 1,402,924 1,402,924 — — Time deposits 275,840 276,616 — — 276,616 Short-term FHLB advances 101,500 101,500 101,500 — — Long-term FHLB advances 125,000 123,893 — — 123,893 Securities sold under agreement to repurchase 18,674 18,674 18,674 — — Subordinated debentures 29,427 34,452 — — 34,452 Accrued interest payable 277 277 277 — — |
Derivatives (Tables)
Derivatives (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
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 June 30, 2020. Classification on the Consolidated Balance Sheet Notional Amount Fair Value Weighted Average Rate Received/(Paid) Derivative Assets Other Assets $ 219,075 $ 25,719 4.61 % Derivative Liabilities Accrued expenses and other liabilities (219,075 ) (25,719 ) -4.61 % Net Exposure $ — $ — The following table summarizes the Company’s interest rate swap positions as of December 31, 2019. Classification on the Consolidated Balance Sheet Notional Amount Fair Value Weighted Average Rate Received/(Paid) Derivative Assets Other Assets $ 151,648 $ 8,918 5.04 % Derivative Liabilities Accrued expenses and other liabilities (151,648 ) (8,918 ) -5.04 % Net Exposure $ — $ — |
Revenue Recognition (Tables)
Revenue Recognition (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
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 six months ended June 30, 2020 and 2019. Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Noninterest Income In-scope of Topic 606: Service charges $ 930 $ 1,552 $ 2,398 $ 3,008 ATM/Interchange fees 1,149 951 2,043 1,857 Wealth management fees 904 911 1,910 1,758 Tax refund processing fees 475 550 2,375 2,750 Other 149 265 419 396 Noninterest Income (in-scope of Topic 606) 3,607 4,229 9,145 9,769 Noninterest Income (out-of-scope of Topic 606) 3,247 875 4,585 1,619 Total Noninterest Income $ 6,854 $ 5,104 $ 13,730 $ 11,388 |
Subsequent Events (Tables)
Subsequent Events (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Subsequent Events [Abstract] | |
Schedule of Loan Modifications | There were no loans modified as TDRs during the three-month periods ended June 30, 2020 and 2019 and for the six-month period ended June 30, 2020. For the Six-Month Period Ended June 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 Civista has received second customer deferral requests related to the COVID-19 pandemic for loans that had been previously modified. Through August 5, 2020, Civista granted a second modification on 75 loans totaling $95,153. Most of the second modifications consisted of the deferral of principal and/or interest payments as was granted under the first modification. Included in the second modifications were 17 loans totaling $33,160 that migrated from principal and interest deferrals to interest only payments. Eighty-seven loans have returned to making principal and interest payments and 651 loans are still within the original 90-day modification period. Details with respect to the second loan modifications are as follows: Number of Weighted Average Type of Loan Loans Balance Interest Rate (In thousands) Commercial & Agriculture 25 $ 8,635 4.63 % Commercial Real Estate: Owner Occupied 23 14,343 4.59 % Non-Owner Occupied 25 65,640 4.42 % Real Estate Construction 2 6,535 3.42 % Total 75 $ 95,153 4.40 % |
Consolidated Financial Statem_2
Consolidated Financial Statements - Additional Information (Detail) $ in Thousands | 6 Months Ended |
Jun. 30, 2020USD ($)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 | $ 491,544 |
Amount payable to lessors in percentage | 24.10% |
Residential Buildings and Dwellings [Member] | |
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items] | |
Amount payable to lessors | $ 222,089 |
Amount payable to lessors in percentage | 10.90% |
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% |
Securities - Available for Sale
Securities - Available for Sale Securities (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost, Total securities available for sale | $ 343,638 | $ 342,192 |
Gross Unrealized Gains | 24,763 | 16,476 |
Gross Unrealized Losses | (18) | (169) |
Fair Value | 368,383 | 358,499 |
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 | 19,124 | 19,401 |
Gross Unrealized Gains | 377 | 204 |
Gross Unrealized Losses | (1) | (4) |
Fair Value | 19,500 | 19,601 |
Obligations of States and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost, Total securities available for sale | 206,192 | 193,646 |
Gross Unrealized Gains | 18,139 | 12,409 |
Gross Unrealized Losses | (12) | (21) |
Fair Value | 224,319 | 206,034 |
Mortgage-backed Securities in Government Sponsored Entities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost, Total securities available for sale | 118,322 | 129,145 |
Gross Unrealized Gains | 6,247 | 3,863 |
Gross Unrealized Losses | (5) | (144) |
Fair Value | $ 124,564 | $ 132,864 |
Securities - Amortized Cost and
Securities - Amortized Cost and Fair Value of Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Investments Debt And Equity Securities [Abstract] | ||
Amortized Cost, Due in one year or less | $ 8,185 | |
Amortized Cost, Due after one year through five years | 17,501 | |
Amortized Cost, Due after five years through ten years | 26,404 | |
Amortized Cost, Due after ten years | 173,226 | |
Amortized Cost, Mortgage-backed securities | 118,322 | |
Amortized Cost, Total securities available for sale | 343,638 | $ 342,192 |
Fair Value, Due in one year or less | 8,252 | |
Fair Value, Due after one year through five years | 17,966 | |
Fair Value, Due after five years through ten years | 28,233 | |
Fair Value, Due after ten years | 189,368 | |
Fair Value, Mortgage-backed securities | 124,564 | |
Fair Value, Total securities available for sale | $ 368,383 | $ 358,499 |
Securities - Proceeds from Sale
Securities - Proceeds from Sales of Securities Available for Sale, Gross Realized Gains and Losses (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Investments Debt And Equity Securities [Abstract] | ||||
Sale proceeds | $ 0 | $ 0 | $ 0 | $ 16,829 |
Gross realized gains | 0 | 0 | 0 | 47 |
Gross realized losses | $ 0 | 0 | $ 0 | 43 |
Gains from securities called or settled by the issuer | $ 10 | $ 10 |
Securities - Additional Informa
Securities - Additional Information (Detail) $ in Thousands | Jun. 30, 2020USD ($)Security | Dec. 31, 2019USD ($) |
Investments Debt And Equity Securities [Abstract] | ||
Carrying value of pledged securities | $ | $ 158,871 | $ 139,004 |
Number of securities in portfolio with unrealized losses | Security | 6 |
Securities - Securities with Un
Securities - Securities with Unrealized Losses Not Recognized in Income (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Schedule of Available-for-sale Securities [Line Items] | ||
12 Months or less, Fair Value | $ 2,418 | $ 12,600 |
12 Months or less, Unrealized Loss | (17) | (112) |
More than 12 months, Fair Value | 142 | 11,140 |
More than 12 months, Unrealized Loss | (1) | (57) |
Total Fair Value | 2,560 | 23,740 |
Total Unrealized Loss | (18) | (169) |
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 | 142 | 3,408 |
More than 12 months, Unrealized Loss | (1) | (4) |
Total Fair Value | 142 | 3,408 |
Total Unrealized Loss | (1) | (4) |
Obligations of States and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
12 Months or less, Fair Value | 1,333 | 1,947 |
12 Months or less, Unrealized Loss | (12) | (21) |
Total Fair Value | 1,333 | 1,947 |
Total Unrealized Loss | (12) | (21) |
Mortgage-backed Securities in Government Sponsored Entities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
12 Months or less, Fair Value | 1,085 | 10,653 |
12 Months or less, Unrealized Loss | (5) | (91) |
More than 12 months, Fair Value | 7,732 | |
More than 12 months, Unrealized Loss | (53) | |
Total Fair Value | 1,085 | 18,385 |
Total Unrealized Loss | $ (5) | $ (144) |
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 | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Investments Debt And Equity Securities [Abstract] | ||||
Net losses recognized on equity securities during the period | $ (5) | $ (33) | $ (146) | $ (31) |
Less: Net losses realized on the sale of equity securities during the period | 6 | |||
Unrealized losses recognized on equity securities held at reporting date | $ (5) | $ (33) | $ (140) | $ (31) |
Loans - Loan Balances (Detail)
Loans - Loan Balances (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | $ 2,022,965 | $ 1,708,970 |
Allowance for loan losses | (20,420) | (14,767) |
Net loans | 2,002,545 | 1,694,203 |
Commercial and Agriculture [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 442,444 | 203,110 |
Commercial Real Estate Owner Occupied [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 252,914 | 245,606 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 646,792 | 592,222 |
Residential Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 453,067 | 463,032 |
Real Estate Construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 178,318 | 155,825 |
Farm Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 35,441 | 34,114 |
Consumer and Other [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | $ 13,989 | $ 15,061 |
Loans - Additional Information
Loans - Additional Information (Detail) | 6 Months Ended | ||
Jun. 30, 2020USD ($)Loan | Jun. 30, 2019USD ($)Contract | Dec. 31, 2019USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans | $ 2,022,965,000 | $ 1,708,970,000 | |
Net deferred loan fees | 9,303,000 | 488,000 | |
Number of loans modified | Contract | 1 | ||
Loans modified as troubled debt restructuring | $ 0 | $ 0 | |
CARES Act [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Number of loans modified | Loan | 813 | ||
Loans modified as troubled debt restructuring | $ 431,283,000 | ||
Paycheck Protection Program Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Net deferred loan fees | 8,678,000 | ||
Commercial and Agriculture [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans | $ 442,444,000 | $ 203,110,000 | |
Commercial and Agriculture [Member] | CARES Act [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Number of loans modified | Loan | 229 | ||
Loans modified as troubled debt restructuring | $ 47,686,000 | ||
Commercial and Agriculture [Member] | Paycheck Protection Program Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans | $ 257,568,000 |
Loans - Schedule of Loan Modifi
Loans - Schedule of Loan Modifications (Detail) | 6 Months Ended | |
Jun. 30, 2020USD ($)Loan | Jun. 30, 2019USD ($)Contract | |
Financing Receivable Modifications [Line Items] | ||
Number of Loans | Contract | 1 | |
Balance | $ 0 | $ 0 |
CARES Act [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of Loans | Loan | 813 | |
Balance | $ 431,283,000 | |
Weighted Average Interest Rate | 4.57% | |
Commercial and Agriculture [Member] | CARES Act [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of Loans | Loan | 229 | |
Balance | $ 47,686,000 | |
Weighted Average Interest Rate | 4.56% | |
Commercial Real Estate Owner Occupied [Member] | CARES Act [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of Loans | Loan | 193 | |
Balance | $ 91,831,000 | |
Weighted Average Interest Rate | 4.82% | |
Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of Loans | Contract | 1 | |
Commercial Real Estate Non Owner Occupied [Member] | CARES Act [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of Loans | Loan | 179 | |
Balance | $ 234,543,000 | |
Weighted Average Interest Rate | 4.47% | |
Residential Real Estate [Member] | CARES Act [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of Loans | Loan | 170 | |
Balance | $ 29,012,000 | |
Weighted Average Interest Rate | 4.67% | |
Real Estate Construction [Member] | CARES Act [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of Loans | Loan | 18 | |
Balance | $ 26,296,000 | |
Weighted Average Interest Rate | 4.39% | |
Farm Real Estate [Member] | CARES Act [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of Loans | Loan | 9 | |
Balance | $ 1,783,000 | |
Weighted Average Interest Rate | 4.94% | |
Consumer and Other [Member] | CARES Act [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Number of Loans | Loan | 15 | |
Balance | $ 132,000 | |
Weighted Average Interest Rate | 8.01% |
Loans - Schedule of Potential C
Loans - Schedule of Potential COVID-19 Risk Concentrations for Commercial and Commercial Real Estate Loans by Industry Type (Detail) - USD ($) | Jun. 30, 2020 | Jun. 30, 2019 |
Financing Receivable Modifications [Line Items] | ||
Balance | $ 0 | $ 0 |
CARES Act [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 431,283,000 | |
CARES Act [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 47,686,000 | |
CARES Act [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 91,831,000 | |
CARES Act [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 234,543,000 | |
CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 374,060,000 | |
Administration and Support [Member] | CARES Act [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 365,000 | |
Administration and Support [Member] | CARES Act [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 952,000 | |
Administration and Support [Member] | CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 1,317,000 | |
Agriculture [Member] | CARES Act [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 153,000 | |
Agriculture [Member] | CARES Act [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 811,000 | |
Agriculture [Member] | CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 964,000 | |
Construction [Member] | CARES Act [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 3,895,000 | |
Construction [Member] | CARES Act [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 298,000 | |
Construction [Member] | CARES Act [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 1,370,000 | |
Construction [Member] | CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 5,563,000 | |
Education [Member] | CARES Act [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 74,000 | |
Education [Member] | CARES Act [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 2,363,000 | |
Education [Member] | CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 2,437,000 | |
Entertainment and Recreation [Member] | CARES Act [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 3,102,000 | |
Entertainment and Recreation [Member] | CARES Act [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 26,638,000 | |
Entertainment and Recreation [Member] | CARES Act [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 5,151,000 | |
Entertainment and Recreation [Member] | CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 34,891,000 | |
Health Care [Member] | CARES Act [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 3,226,000 | |
Health Care [Member] | CARES Act [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 11,523,000 | |
Health Care [Member] | CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 14,749,000 | |
Hotels [Member] | CARES Act [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 1,802,000 | |
Hotels [Member] | CARES Act [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 979,000 | |
Hotels [Member] | CARES Act [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 52,309,000 | |
Hotels [Member] | CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 55,090,000 | |
Information, Finance and Insurance [Member] | CARES Act [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 175,000 | |
Information, Finance and Insurance [Member] | CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 175,000 | |
Manufacturing [Member] | CARES Act [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 6,192,000 | |
Manufacturing [Member] | CARES Act [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 2,068,000 | |
Manufacturing [Member] | CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 8,260,000 | |
Other Services [Member] | CARES Act [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 4,490,000 | |
Other Services [Member] | CARES Act [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 9,319,000 | |
Other Services [Member] | CARES Act [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 3,421,000 | |
Other Services [Member] | CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 17,230,000 | |
Professional and Management [Member] | CARES Act [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 250,000 | |
Professional and Management [Member] | CARES Act [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 394,000 | |
Professional and Management [Member] | CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 644,000 | |
Real Estate [Member] | CARES Act [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 590,000 | |
Real Estate [Member] | CARES Act [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 15,631,000 | |
Real Estate [Member] | CARES Act [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 168,606,000 | |
Real Estate [Member] | CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 184,827,000 | |
Restaurants [Member] | CARES Act [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 17,818,000 | |
Restaurants [Member] | CARES Act [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 12,998,000 | |
Restaurants [Member] | CARES Act [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 3,042,000 | |
Restaurants [Member] | CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 33,858,000 | |
Retail [Member] | CARES Act [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 3,838,000 | |
Retail [Member] | CARES Act [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 4,637,000 | |
Retail [Member] | CARES Act [Member] | Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 644,000 | |
Retail [Member] | CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 9,119,000 | |
Transportation and Warehousing [Member] | CARES Act [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 216,000 | |
Transportation and Warehousing [Member] | CARES Act [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 542,000 | |
Transportation and Warehousing [Member] | CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 758,000 | |
Wholesalers [Member] | CARES Act [Member] | Commercial and Agriculture [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 1,500,000 | |
Wholesalers [Member] | CARES Act [Member] | Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | 2,678,000 | |
Wholesalers [Member] | CARES Act [Member] | Commercial and Commercial Real Estate Loans [Member] | ||
Financing Receivable Modifications [Line Items] | ||
Balance | $ 4,178,000 |
Allowance for Loan Losses - Add
Allowance for Loan Losses - Additional Information (Detail) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2020USD ($)SecurityLoan | Jun. 30, 2019USD ($)SecurityLoan | Jun. 30, 2020USD ($)SecurityLoan | Jun. 30, 2019USD ($)SecurityLoan | Dec. 31, 2019USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Period for calculating Loss migration rates of portfolio segments | 3 years | ||||
Allowance for loan losses | $ 20,420,000 | $ 20,420,000 | $ 14,767,000 | ||
Provision for loan losses | 3,486,000 | $ 5,612,000 | |||
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. | ||||
Loans modified as troubled debt restructuring | $ 0 | $ 0 | $ 0 | $ 0 | |
Defaulted loans | SecurityLoan | 0 | 0 | 0 | 0 | |
Impaired loans | greater than $350 | ||||
Allowance for loan losses recorded for acquired loans | $ 0 | 0 | |||
Foreclosed assets | $ 0 | 0 | 0 | ||
Residential Mortgage [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Residential mortgages in process of foreclosure | 867,000 | 867,000 | 1,022,000 | ||
TDRs [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Allowance for loan losses | $ 92,000 | $ 92,000 | $ 91,000 |
Allowance for Loan Losses - Cha
Allowance for Loan Losses - Changes in the Allowance for Loan Losses (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | $ 16,948 | $ 13,822 | $ 14,767 | $ 13,679 |
Charge-offs | (116) | (156) | (140) | (395) |
Recoveries | 102 | 120 | 181 | 502 |
Provision | 3,486 | 5,612 | ||
Ending Balance | 20,420 | 13,786 | 20,420 | 13,786 |
Commercial and Agriculture [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 2,400 | 1,834 | 2,219 | 1,747 |
Charge-offs | (15) | (27) | (15) | (27) |
Recoveries | 3 | 3 | 4 | 4 |
Provision | 411 | 18 | 591 | 104 |
Ending Balance | 2,799 | 1,828 | 2,799 | 1,828 |
Commercial Real Estate Owner Occupied [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 2,810 | 1,979 | 2,541 | 1,962 |
Charge-offs | (1) | (1) | (60) | |
Recoveries | 7 | 17 | 14 | 239 |
Provision | 595 | 13 | 857 | (132) |
Ending Balance | 3,411 | 2,009 | 3,411 | 2,009 |
Commercial Real Estate Non Owner Occupied [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 7,617 | 5,989 | 6,584 | 5,803 |
Recoveries | 37 | 30 | 41 | 44 |
Provision | 1,515 | (152) | 2,544 | 20 |
Ending Balance | 9,169 | 5,867 | 9,169 | 5,867 |
Residential Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 1,950 | 1,434 | 1,582 | 1,531 |
Charge-offs | (74) | (105) | (97) | (203) |
Recoveries | 31 | 37 | 79 | 162 |
Provision | 527 | 332 | 870 | 208 |
Ending Balance | 2,434 | 1,698 | 2,434 | 1,698 |
Real Estate Construction [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 1,606 | 971 | 1,250 | 1,046 |
Charge-offs | (24) | |||
Recoveries | 2 | 2 | ||
Provision | 236 | 164 | 592 | 113 |
Ending Balance | 1,844 | 1,135 | 1,844 | 1,135 |
Farm Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 310 | 366 | 344 | 397 |
Recoveries | 4 | 1 | 7 | 2 |
Provision | 47 | (2) | 10 | (34) |
Ending Balance | 361 | 365 | 361 | 365 |
Consumer and Other [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 246 | 251 | 247 | 284 |
Charge-offs | (26) | (24) | (27) | (81) |
Recoveries | 18 | 32 | 34 | 51 |
Provision | 9 | (58) | (7) | (53) |
Ending Balance | 247 | 201 | 247 | 201 |
Unallocated [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Beginning balance | 9 | 998 | 0 | 909 |
Provision | 146 | (315) | 155 | (226) |
Ending Balance | $ 155 | $ 683 | $ 155 | $ 683 |
Allowance for Loan Losses - End
Allowance for Loan Losses - Ending Allocation of Allowance for Loan Losses and Loan Balances Outstanding (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Individually evaluated for impairment | $ 92 | $ 91 | ||||
Allowance for loan losses, Collectively evaluated for impairment | 20,328 | 14,676 | ||||
Allowance for loan losses, Total | 20,420 | $ 16,948 | 14,767 | $ 13,786 | $ 13,822 | $ 13,679 |
Outstanding loan balances, Individually evaluated for impairment | 2,607 | 3,597 | ||||
Outstanding loan balances, Collectively evaluated for impairment | 2,019,895 | 1,704,906 | ||||
Outstanding loan balances, Total | 2,022,965 | 1,708,970 | ||||
Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loan balance of loans acquired with credit deterioration | 463 | 467 | ||||
Commercial and Agriculture [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Collectively evaluated for impairment | 2,799 | 2,219 | ||||
Allowance for loan losses, Total | 2,799 | 2,400 | 2,219 | 1,828 | 1,834 | 1,747 |
Outstanding loan balances, Individually evaluated for impairment | 367 | |||||
Outstanding loan balances, Collectively evaluated for impairment | 442,444 | 202,743 | ||||
Outstanding loan balances, Total | 442,444 | 203,110 | ||||
Commercial Real Estate Owner Occupied [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Individually evaluated for impairment | 8 | 9 | ||||
Allowance for loan losses, Collectively evaluated for impairment | 3,403 | 2,532 | ||||
Allowance for loan losses, Total | 3,411 | 2,810 | 2,541 | 2,009 | 1,979 | 1,962 |
Outstanding loan balances, Individually evaluated for impairment | 403 | 426 | ||||
Outstanding loan balances, Collectively evaluated for impairment | 252,511 | 245,180 | ||||
Outstanding loan balances, Total | 252,914 | 245,606 | ||||
Commercial Real Estate Non Owner Occupied [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Collectively evaluated for impairment | 9,169 | 6,584 | ||||
Allowance for loan losses, Total | 9,169 | 7,617 | 6,584 | 5,867 | 5,989 | 5,803 |
Outstanding loan balances, Individually evaluated for impairment | 368 | 374 | ||||
Outstanding loan balances, Collectively evaluated for impairment | 646,424 | 591,848 | ||||
Outstanding loan balances, Total | 646,792 | 592,222 | ||||
Residential Real Estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Individually evaluated for impairment | 84 | 82 | ||||
Allowance for loan losses, Collectively evaluated for impairment | 2,350 | 1,500 | ||||
Allowance for loan losses, Total | 2,434 | 1,950 | 1,582 | 1,698 | 1,434 | 1,531 |
Outstanding loan balances, Individually evaluated for impairment | 1,183 | 1,764 | ||||
Outstanding loan balances, Collectively evaluated for impairment | 451,421 | 460,801 | ||||
Outstanding loan balances, Total | 453,067 | 463,032 | ||||
Residential Real Estate [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Loan balance of loans acquired with credit deterioration | 463 | 467 | ||||
Real Estate Construction [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Collectively evaluated for impairment | 1,844 | 1,250 | ||||
Allowance for loan losses, Total | 1,844 | 1,606 | 1,250 | 1,135 | 971 | 1,046 |
Outstanding loan balances, Collectively evaluated for impairment | 178,318 | 155,825 | ||||
Outstanding loan balances, Total | 178,318 | 155,825 | ||||
Farm Real Estate [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Collectively evaluated for impairment | 361 | 344 | ||||
Allowance for loan losses, Total | 361 | 310 | 344 | 365 | 366 | 397 |
Outstanding loan balances, Individually evaluated for impairment | 653 | 666 | ||||
Outstanding loan balances, Collectively evaluated for impairment | 34,788 | 33,448 | ||||
Outstanding loan balances, Total | 35,441 | 34,114 | ||||
Consumer and Other [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Collectively evaluated for impairment | 247 | 247 | ||||
Allowance for loan losses, Total | 247 | 246 | 247 | 201 | 251 | 284 |
Outstanding loan balances, Collectively evaluated for impairment | 13,989 | 15,061 | ||||
Outstanding loan balances, Total | 13,989 | 15,061 | ||||
Unallocated [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Allowance for loan losses, Collectively evaluated for impairment | 155 | 0 | ||||
Allowance for loan losses, Total | $ 155 | $ 9 | $ 0 | $ 683 | $ 998 | $ 909 |
Allowance for Loan Losses - Cre
Allowance for Loan Losses - Credit Exposures by Internally Assigned Grades (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | $ 1,629,052 | $ 1,301,919 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 1,599,711 | 1,276,090 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 14,687 | 11,103 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 14,654 | 14,726 |
Commercial and Agriculture [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 442,444 | 203,110 |
Commercial and Agriculture [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 437,923 | 199,649 |
Commercial and Agriculture [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 2,526 | 2,236 |
Commercial and Agriculture [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 1,995 | 1,225 |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 252,914 | 245,606 |
Commercial Real Estate Owner Occupied [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 241,144 | 237,171 |
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 | 8,867 | 5,617 |
Commercial Real Estate Owner Occupied [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 2,903 | 2,818 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 646,792 | 592,222 |
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 | 643,612 | 588,633 |
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 | 1,773 | 2,155 |
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 | 1,407 | 1,434 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 84,245 | 80,312 |
Residential Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 78,028 | 73,289 |
Residential Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 486 | 528 |
Residential Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 5,731 | 6,495 |
Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 166,171 | 145,260 |
Real Estate Construction [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 165,678 | 145,251 |
Real Estate Construction [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 485 | |
Real Estate Construction [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 8 | 9 |
Farm Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 35,441 | 34,114 |
Farm Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 32,302 | 30,808 |
Farm Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 550 | 567 |
Farm Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 2,589 | 2,739 |
Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 1,045 | 1,295 |
Consumer and Other [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | 1,024 | 1,289 |
Consumer and Other [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans with credit exposures as assigned an internal risk grade | $ 21 | $ 6 |
Allowance for Loan Losses - Per
Allowance for Loan Losses - Performing and Nonperforming Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Financing Receivable, Recorded Investment [Line Items] | ||
Performing | $ 393,911 | $ 407,051 |
Nonperforming | 2 | |
Total | 393,913 | 407,051 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Performing | 368,822 | 382,720 |
Total | 368,822 | 382,720 |
Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Performing | 12,147 | 10,565 |
Total | 12,147 | 10,565 |
Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Performing | 12,942 | 13,766 |
Nonperforming | 2 | |
Total | $ 12,944 | $ 13,766 |
Allowance for Loan Losses - Agi
Allowance for Loan Losses - Aging Analysis of Past Due Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 2,723 | $ 5,909 |
Current | 2,019,779 | 1,702,594 |
Total Loans | 2,022,965 | 1,708,970 |
Past Due 90 Days and Accruing | 2 | |
30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 570 | 3,008 |
60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 441 | 342 |
90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,712 | 2,559 |
Receivables Acquired with Deteriorated Credit Quality [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Purchased Credit-Impaired Loans | 463 | 467 |
Commercial and Agriculture [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 55 | 168 |
Current | 442,389 | 202,942 |
Total Loans | 442,444 | 203,110 |
Commercial and Agriculture [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 27 | |
Commercial and Agriculture [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 35 | |
Commercial and Agriculture [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 55 | 106 |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 908 | 1,179 |
Current | 252,006 | 244,427 |
Total Loans | 252,914 | 245,606 |
Commercial Real Estate Owner Occupied [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 323 | 453 |
Commercial Real Estate Owner Occupied [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 63 | |
Commercial Real Estate Owner Occupied [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 585 | 663 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 7 | 8 |
Current | 646,785 | 592,214 |
Total Loans | 646,792 | 592,222 |
Commercial Real Estate Non Owner Occupied [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 7 | 8 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,644 | 4,372 |
Current | 450,960 | 458,193 |
Total Loans | 453,067 | 463,032 |
Residential Real Estate [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 177 | 2,399 |
Residential Real Estate [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 418 | 198 |
Residential Real Estate [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,049 | 1,775 |
Residential Real Estate [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Purchased Credit-Impaired Loans | 463 | 467 |
Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 178,318 | 155,825 |
Total Loans | 178,318 | 155,825 |
Farm Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 4 | 7 |
Current | 35,437 | 34,107 |
Total Loans | 35,441 | 34,114 |
Farm Real Estate [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 4 | 7 |
Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 105 | 175 |
Current | 13,884 | 14,886 |
Total Loans | 13,989 | 15,061 |
Past Due 90 Days and Accruing | 2 | |
Consumer and Other [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 70 | 129 |
Consumer and Other [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 23 | $ 46 |
Consumer and Other [Member] | 90 Days or Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 12 |
Allowance for Loan Losses - Sum
Allowance for Loan Losses - Summary of Nonaccrual Loans Excluding Purchased Credit-Impaired (PCI) Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | $ 4,961 | $ 5,599 |
Commercial and Agriculture [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 83 | 173 |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 832 | 938 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 7 | 8 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 3,753 | 4,183 |
Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 8 | 9 |
Farm Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | 259 | 284 |
Consumer and Other [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total, Non-Accrual Status | $ 19 | $ 4 |
Allowance for Loan Losses - Sch
Allowance for Loan Losses - Schedule of TDR (Detail) $ in Thousands | 6 Months Ended |
Jun. 30, 2019USD ($)Contract | |
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 |
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 |
Allowance for Loan Losses - Imp
Allowance for Loan Losses - Impaired Loans Excluding PCI Loans - Recorded Investment and Unpaid Principal Balances (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | $ 2,179 | $ 3,146 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 2,251 | 3,218 |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 428 | 451 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 433 | 455 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 92 | 91 |
Impaired financing receivables, Recorded Investment, Total | 2,607 | 3,597 |
Impaired financing receivables, Unpaid Principal Balance, Total | 2,684 | 3,673 |
Impaired financing receivables, Related Allowance, Total | 92 | 91 |
Commercial and Agriculture [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 367 | |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 367 | |
Impaired financing receivables, Recorded Investment, Total | 367 | |
Impaired financing receivables, Unpaid Principal Balance, Total | 367 | |
Commercial Real Estate Owner Occupied [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 156 | 168 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 156 | 168 |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 247 | 258 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 247 | 258 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 8 | 9 |
Impaired financing receivables, Recorded Investment, Total | 403 | 426 |
Impaired financing receivables, Unpaid Principal Balance, Total | 403 | 426 |
Impaired financing receivables, Related Allowance, Total | 8 | 9 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 368 | 374 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 368 | 374 |
Impaired financing receivables, Recorded Investment, Total | 368 | 374 |
Impaired financing receivables, Unpaid Principal Balance, Total | 368 | 374 |
Residential Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 1,002 | 1,571 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 1,074 | 1,643 |
Impaired financing receivables, with an allowance recorded, Recorded Investment | 181 | 193 |
Impaired financing receivables, with an allowance recorded, Unpaid Principal Balance | 186 | 197 |
Impaired financing receivables, with an allowance recorded, Related Allowance | 84 | 82 |
Impaired financing receivables, Recorded Investment, Total | 1,183 | 1,764 |
Impaired financing receivables, Unpaid Principal Balance, Total | 1,260 | 1,840 |
Impaired financing receivables, Related Allowance, Total | 84 | 82 |
Farm Real Estate [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impaired financing receivables, with no related allowance recorded, Recorded Investment | 653 | 666 |
Impaired financing receivables, with no related allowance recorded, Unpaid Principal Balance | 653 | 666 |
Impaired financing receivables, Recorded Investment, Total | 653 | 666 |
Impaired financing receivables, Unpaid Principal Balance, Total | $ 653 | $ 666 |
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 | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Financing Receivable, Impaired [Line Items] | ||||
Average Recorded Investment | $ 2,899 | $ 3,037 | $ 3,133 | $ 2,977 |
Interest Income Recognized | 29 | 43 | 65 | 84 |
Commercial and Agriculture [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average Recorded Investment | 367 | 122 | 367 | |
Interest Income Recognized | 6 | 4 | 12 | |
Commercial Real Estate Owner Occupied [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average Recorded Investment | 409 | 465 | 415 | 472 |
Interest Income Recognized | 7 | 9 | 14 | 17 |
Commercial Real Estate Non Owner Occupied [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average Recorded Investment | 369 | 381 | 371 | 264 |
Interest Income Recognized | 5 | 5 | 10 | 9 |
Residential Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average Recorded Investment | 1,462 | 1,137 | 1,563 | 1,184 |
Interest Income Recognized | 11 | 15 | 24 | 31 |
Farm Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average Recorded Investment | 659 | 687 | 662 | 690 |
Interest Income Recognized | $ 6 | $ 8 | $ 13 | $ 15 |
Allowance for Loan Losses - S_2
Allowance for Loan Losses - Schedule of Changes in Accretable Yield for PCI Loans (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Movement Schedule Roll Forward | ||||
Balance at beginning of period | $ 206 | $ 326 | $ 255 | $ 336 |
Acquisition of PCI loans | 0 | 0 | 0 | 0 |
Accretion | (7) | (67) | (169) | (77) |
Transfer from non-accretable to accretable | 6 | 0 | 119 | 0 |
Balance at end of period | $ 205 | $ 259 | $ 205 | $ 259 |
Allowance for Loan Losses - S_3
Allowance for Loan Losses - Schedule of Loans Acquired and Accounted (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Receivables [Abstract] | ||
Outstanding balance | $ 976 | $ 1,149 |
Carrying amount | $ 463 | $ 467 |
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 | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | $ 328,167 | $ 312,057 | $ 330,126 | $ 298,898 |
Total other comprehensive income | 3,766 | 5,092 | 6,780 | 10,061 |
Ending balance | 336,613 | 324,212 | 336,613 | 324,212 |
Unrealized Gains (Losses) on Available-for-Sale Securities [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | 15,840 | 7,200 | 12,883 | 2,347 |
Other comprehensive income before reclassifications | 3,709 | 4,984 | 6,666 | 9,840 |
Amounts reclassified from accumulated other comprehensive income (loss) | (8) | (11) | ||
Total other comprehensive income | 3,709 | 4,976 | 6,666 | 9,829 |
Ending balance | 19,549 | 12,176 | 19,549 | 12,176 |
Defined Benefit Pension Items [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | (5,952) | (3,683) | (6,009) | (3,799) |
Amounts reclassified from accumulated other comprehensive income (loss) | 57 | 116 | 114 | 232 |
Total other comprehensive income | 57 | 116 | 114 | 232 |
Ending balance | (5,895) | (3,567) | (5,895) | (3,567) |
Accumulated Other Comprehensive Income (Loss) [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Beginning balance | 9,888 | 3,517 | 6,874 | (1,452) |
Other comprehensive income before reclassifications | 3,709 | 4,984 | 6,666 | 9,840 |
Amounts reclassified from accumulated other comprehensive income (loss) | 57 | 108 | 114 | 221 |
Total other comprehensive income | 3,766 | 5,092 | 6,780 | 10,061 |
Ending balance | $ 13,654 | $ 8,609 | $ 13,654 | $ 8,609 |
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 | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Net gain (loss) on sale of securities | $ 10 | $ 14 | ||
Other operating expenses | $ (2,652) | (2,391) | $ (4,918) | (4,519) |
Income tax expense | (825) | (1,546) | (2,001) | (3,430) |
Net Income | 6,504 | 8,661 | 14,337 | 18,330 |
Reclassification out of Accumulated Other Comprehensive Loss [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Net Income | (57) | (108) | (114) | (221) |
Unrealized Gains (Losses) on Available-for-Sale Securities [Member] | Reclassification out of Accumulated Other Comprehensive Loss [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||||
Net gain (loss) on sale of securities | 10 | 14 | ||
Income tax expense | (2) | (3) | ||
Net Income | 8 | 11 | ||
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 | (72) | (147) | (145) | (294) |
Income tax expense | 15 | 31 | 31 | 62 |
Net Income | $ (57) | $ (116) | $ (114) | $ (232) |
Goodwill and Intangible Asset_2
Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | |
Goodwill And Intangible Assets Disclosure [Abstract] | |||||
Goodwill | $ 76,851 | $ 76,851 | $ 76,851 | ||
Amortization of core deposit intangible assets | $ 228 | $ 235 | $ 459 | $ 475 |
Goodwill and Intangible Asset_3
Goodwill and Intangible Assets - Schedule of Acquired Intangible Assets, Other than Goodwill (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Acquired Finite Lived Intangible Assets [Line Items] | ||
Net Carrying Amount | $ 8,001 | |
Core deposit intangibles [Member] | ||
Acquired Finite Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 14,792 | $ 14,792 |
Accumulated Amortization | 8,508 | 8,049 |
Net Carrying Amount | $ 6,284 | $ 6,743 |
Goodwill and Intangible Asset_4
Goodwill and Intangible Assets - Schedule of Mortgage Servicing Rights (MSRs) and Related Valuation Allowance (Detail) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2020 | Dec. 31, 2019 | |
Loan Servicing Rights: | ||
Beginning of year | $ 1,562 | $ 1,664 |
Additions | 543 | 247 |
Amortized to expense | (226) | (247) |
Change in valuation allowance | (162) | (102) |
End of year | 1,717 | 1,562 |
Valuation allowance: | ||
Beginning of year | 102 | |
Additions expensed | 162 | 102 |
End of year | $ 264 | $ 102 |
Goodwill and Intangible Asset_5
Goodwill and Intangible Assets - Schedule of Estimated Amortization Expense (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Acquired Finite Lived Intangible Assets [Line Items] | ||
2020 | $ 507 | |
2021 | 995 | |
2022 | 972 | |
2023 | 944 | |
2024 | 906 | |
Thereafter | 3,677 | |
Net Carrying Amount | 8,001 | |
MSRs [Member] | ||
Acquired Finite Lived Intangible Assets [Line Items] | ||
2020 | 52 | |
2021 | 104 | |
2022 | 104 | |
2023 | 103 | |
2024 | 102 | |
Thereafter | 1,252 | |
Net Carrying Amount | 1,717 | |
Core deposit intangibles [Member] | ||
Acquired Finite Lived Intangible Assets [Line Items] | ||
2020 | 455 | |
2021 | 891 | |
2022 | 868 | |
2023 | 841 | |
2024 | 804 | |
Thereafter | 2,425 | |
Net Carrying Amount | $ 6,284 | $ 6,743 |
Short-Term and Other Borrowin_3
Short-Term and Other Borrowings - Summary of Federal Funds Purchased and Other Short-term Borrowings are Included in Short-term Federal Home Loan Bank Advances on Consolidated Balance Sheets (Detail) - USD ($) | 6 Months Ended | |
Jun. 30, 2020 | Jun. 30, 2019 | |
Federal Funds Purchased [Member] | ||
Short-term Debt [Line Items] | ||
Maximum indebtedness | $ 37,000,000 | |
Average balance | $ 305,000 | |
Average rate paid | 1.98% | |
Short Term Borrowings, FHLB advances [Member] | ||
Short-term Debt [Line Items] | ||
Outstanding balance | $ 121,300,000 | |
Interest rate on balance | 2.46% | |
Maximum indebtedness | $ 102,700,000 | $ 192,700,000 |
Average balance | $ 16,391,000 | $ 102,108,000 |
Average rate paid | 1.64% | 2.51% |
Short-Term and Other Borrowin_4
Short-Term and Other Borrowings - Additional Information (Detail) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2020USD ($) | Jun. 30, 2020USD ($) | |
Debt Disclosure [Abstract] | ||
Proceeds from other borrowings | $ 183,695 | $ 183,695 |
Interest rate on borrowing | 0.35% | 0.35% |
Debt Instrument, Type [Extensible List] | civb:PaycheckProtectionProgramCARESActMember | civb:PaycheckProtectionProgramCARESActMember |
Short-Term and Other Borrowin_5
Short-Term and Other Borrowings - Summary of Securities Pledged as Collateral Under Repurchase Agreements (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Offsetting Liabilities [Line Items] | ||
Total securities pledged | $ 23,608 | $ 18,674 |
Gross amount of recognized liabilities for repurchase agreements | 23,608 | 18,674 |
Amounts related to agreements not included in offsetting disclosures above | 0 | 0 |
U.S.Treasury Securities [Member] | ||
Offsetting Liabilities [Line Items] | ||
Total securities pledged | 917 | 810 |
Obligations of U.S. Government Agencies [Member] | ||
Offsetting Liabilities [Line Items] | ||
Total securities pledged | $ 22,691 | $ 17,864 |
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 | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Basic | ||||
Net income | $ 6,504 | $ 8,661 | $ 14,337 | $ 18,330 |
Preferred stock dividends | 164 | 0 | 328 | |
Net income available to common shareholders | $ 6,504 | $ 8,497 | $ 14,337 | $ 18,002 |
Weighted average common shares outstanding for basic earnings per common share | 16,044,125 | 15,628,537 | 16,280,935 | 15,618,154 |
Basic earnings per common share | $ 0.41 | $ 0.54 | $ 0.88 | $ 1.15 |
Diluted | ||||
Net income available to common shareholders—basic | $ 6,504 | $ 8,497 | $ 14,337 | $ 18,002 |
Preferred stock dividends | 164 | 0 | 328 | |
Net income available to common shareholders—diluted | $ 6,504 | $ 8,661 | $ 14,337 | $ 18,330 |
Weighted average common shares outstanding for basic earnings per common share | 16,044,125 | 15,628,537 | 16,280,935 | 15,618,154 |
Add: Dilutive effects of convertible preferred shares | 1,294,175 | 1,294,175 | ||
Average shares and dilutive potential common shares outstanding—diluted | 16,044,125 | 16,922,712 | 16,280,935 | 16,912,329 |
Diluted earnings per common share | $ 0.41 | $ 0.51 | $ 0.88 | $ 1.08 |
Earnings per Common Share - Add
Earnings per Common Share - Additional Information (Detail) - shares | 3 Months Ended | 6 Months Ended |
Jun. 30, 2019 | Jun. 30, 2019 | |
Earnings Per Share [Abstract] | ||
Dilutive shares related to convertible preferred shares | 1,294,175 | 1,294,175 |
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 | Jun. 30, 2020 | Dec. 31, 2019 |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | $ 10,897 | $ 15,784 |
Variable Rate | 473,681 | 434,578 |
Lines of Credit and Construction Loans [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 10,291 | 15,155 |
Variable Rate | 431,564 | 396,516 |
Overdraft Protection [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 6 | 5 |
Variable Rate | 41,231 | 37,286 |
Letters of Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fixed Rate | 600 | 624 |
Variable Rate | $ 886 | $ 776 |
Commitments, Contingencies an_4
Commitments, Contingencies and Off-Balance-Sheet Risk - Additional Information (Detail) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2020 | Dec. 31, 2019 | |
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 | $ 0 | $ 7,127 |
Minimum [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Range of fixed interest rate loan commitments | 3.50% | 4.50% |
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 ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2020 | Dec. 31, 2019 | |
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 Cost (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Compensation And Retirement Disclosure [Abstract] | ||||
Service cost | $ 0 | $ 0 | $ 0 | $ 0 |
Interest cost | 121 | 128 | 242 | 256 |
Expected return on plan assets | (187) | (256) | (374) | (512) |
Other components | 72 | 147 | 145 | 294 |
Net periodic pension cost | $ 6 | $ 19 | $ 13 | $ 38 |
Equity Incentive Plan - Additio
Equity Incentive Plan - Additional Information (Detail) - USD ($) $ in Thousands | May 21, 2020 | May 21, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2014 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Expected future compensation expense | $ 849 | ||||
Weighted average remaining life of grants related to unvested awards not yet recognized | 2 years 9 months 18 days | ||||
Civista Director [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Restricted common shares granted | 14,266 | 8,946 | |||
Share based compensation - Civista BOD | $ 196 | $ 196 | |||
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 | 198,756 | ||||
Options granted | 0 | 0 | |||
Share based compensation expense | $ 223 | ||||
Expected future compensation expense | $ 849 | ||||
Weighted average remaining life of grants related to unvested awards not yet recognized | 2 years 9 months 18 days | ||||
2014 Incentive Plan [Member] | Civista Director [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Share based compensation - Civista BOD | $ 196 |
Equity Incentive Plan - Summary
Equity Incentive Plan - Summary of Company's Outstanding Restricted Stock (Detail) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2020USD ($)$ / sharesshares | Jun. 30, 2020USD ($)$ / sharesshares | |
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Granted | 54,274 | |
Expected future remaining compensation expense | $ | $ 849 | $ 849 |
Expected future compensation expense, restricted shares remaining vesting period | 2 years 9 months 18 days | |
Restricted Shares Awarded on January 15, 2016 [Member] | ||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Granted | 2,056 | |
Date of Award | Jan. 15, 2016 | |
Expected future remaining compensation expense | $ | 10 | $ 10 |
Expected future compensation expense, restricted shares remaining vesting period | 6 months | |
Restricted Shares Awarded on March 20, 2017 [Member] | ||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Granted | 2,388 | |
Date of Award | Mar. 20, 2017 | |
Expected future remaining compensation expense | $ | 37 | $ 37 |
Expected future compensation expense, restricted shares remaining vesting period | 1 year 6 months | |
Restricted Shares Awarded on April 10, 2018 [Member] | ||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Granted | 2,643 | |
Date of Award | Apr. 10, 2018 | |
Expected future remaining compensation expense | $ | 23 | $ 23 |
Expected future compensation expense, restricted shares remaining vesting period | 6 months | |
Restricted Shares Awarded on April 10, 2018 [Member] | ||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Granted | 4,670 | |
Date of Award | Apr. 10, 2018 | |
Expected future remaining compensation expense | $ | 77 | $ 77 |
Expected future compensation expense, restricted shares remaining vesting period | 2 years 6 months | |
Restricted Shares Awarded on March 14, 2019 [Member] | ||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Granted | 6,796 | |
Date of Award | Mar. 14, 2019 | |
Expected future remaining compensation expense | $ | 95 | $ 95 |
Expected future compensation expense, restricted shares remaining vesting period | 1 year 6 months | |
Restricted Shares Awarded on March 14, 2019 [Member] | ||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Granted | 8,742 | |
Date of Award | Mar. 14, 2019 | |
Expected future remaining compensation expense | $ | 139 | $ 139 |
Expected future compensation expense, restricted shares remaining vesting period | 3 years 6 months | |
Restricted Shares Awarded on March 13, 2020 [Member] | ||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Granted | 12,982 | |
Date of Award | Mar. 13, 2020 | |
Expected future remaining compensation expense | $ | 242 | $ 242 |
Expected future compensation expense, restricted shares remaining vesting period | 2 years 6 months | |
Restricted Shares Awarded on March 13, 2020 [Member] | ||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Granted | 13,997 | |
Date of Award | Mar. 13, 2020 | |
Expected future remaining compensation expense | $ | $ 226 | $ 226 |
Expected future compensation expense, restricted shares remaining vesting period | 4 years 6 months | |
Restricted Stock [Member] | ||
Schedule Of Nonvested Stock Option Activity [Line Items] | ||
Number of Restricted Shares, Nonvested at beginning of period | 54,274 | 44,027 |
Number of Restricted Shares, Granted | 0 | 26,979 |
Number of Restricted Shares, Vested | 0 | (16,732) |
Number of Restricted Shares, Forfeited | 0 | 0 |
Number of Restricted Shares, Nonvested at end of period | 54,274 | 54,274 |
Weighted Average Grant Date Fair Value, Nonvested at beginning of period | $ / shares | $ 20.90 | $ 20.48 |
Weighted Average Grant Date Fair Value, Granted | $ / shares | 0 | 21.26 |
Weighted Average Grant Date Fair Value, Vested | $ / shares | 0 | 20.36 |
Weighted Average Grant Date Fair Value, Forfeited | $ / shares | 0 | 0 |
Weighted Average Grant Date Fair Value, Nonvested at end of period | $ / shares | $ 20.90 | $ 20.90 |
Fair Value Measurement - Assets
Fair Value Measurement - Assets and Liabilities Measured at Fair Value (Detail) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total securities available for sale | $ 368,383 | $ 358,499 |
Equity securities | 798 | 1,191 |
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 | 368,383 | 358,499 |
Equity securities | 798 | 1,191 |
(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 | 25,719 | 8,918 |
Swap liability | 25,719 | 8,918 |
(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 | 19,500 | 19,601 |
(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 | 224,319 | 206,034 |
(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 | $ 124,564 | 132,864 |
(Level 3) [Member] | Assets Measured at Fair Value on a Nonrecurring Basis [Member] | Impaired Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | $ 1 |
Fair Value Measurement - Quanti
Fair Value Measurement - Quantitative Information about Level 3 Fair Value Measurements (Detail) $ in Thousands | 12 Months Ended | |
Dec. 31, 2019USD ($) | Jun. 30, 2020USD ($) | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value | $ 0 | $ 0 |
Assets Measured at Fair Value on a Nonrecurring Basis [Member] | (Level 3) [Member] | Impaired Loans [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value | $ 1 | |
Valuation Technique [Extensible List] | civb:AppraisalOfCollateralMember | |
Assets Measured at Fair Value on a Nonrecurring Basis [Member] | (Level 3) [Member] | Impaired Loans [Member] | Measurement Input, Appraised Value [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Impaired loans, Unobservable Input | 30 | |
Assets Measured at Fair Value on a Nonrecurring Basis [Member] | (Level 3) [Member] | Impaired Loans [Member] | Measurement Input, Appraised Value [Member] | Weighted Average [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Impaired loans, Unobservable Input | 30 | |
Assets Measured at Fair Value on a Nonrecurring Basis [Member] | (Level 3) [Member] | Impaired Loans [Member] | Measurement Input Holding Period [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Impaired loans, Term | 22 months | |
Assets Measured at Fair Value on a Nonrecurring Basis [Member] | (Level 3) [Member] | Impaired Loans [Member] | Measurement Input Holding Period [Member] | Weighted Average [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Impaired loans, Term | 22 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 | Jun. 30, 2020 | Dec. 31, 2019 | Jun. 30, 2019 | Dec. 31, 2018 |
Financial Assets: | ||||
Cash and due from financial institutions | $ 196,520 | $ 48,535 | $ 49,839 | $ 42,779 |
Other securities | 20,537 | 20,280 | ||
Loans, net of allowance | 2,002,545 | 1,694,203 | ||
Bank owned life insurance | 45,489 | 44,999 | ||
Accrued interest receivable | 11,047 | 7,093 | ||
Financial Liabilities: | ||||
Short-term FHLB advances | 101,500 | |||
Long-term FHLB advances | 125,000 | 125,000 | ||
Other borrowings | 183,695 | |||
Securities sold under agreement to repurchase | 23,608 | 18,674 | ||
Carrying Amount [Member] | ||||
Financial Assets: | ||||
Cash and due from financial institutions | 196,520 | 48,535 | ||
Other securities | 20,537 | 20,280 | ||
Loans, held for sale | 18,523 | 2,285 | ||
Loans, net of allowance | 2,002,545 | 1,694,203 | ||
Bank owned life insurance | 45,489 | 44,999 | ||
Accrued interest receivable | 11,047 | 7,093 | ||
Financial Liabilities: | ||||
Nonmaturing deposits | 1,776,351 | 1,402,924 | ||
Time deposits | 292,910 | 275,840 | ||
Short-term FHLB advances | 101,500 | |||
Long-term FHLB advances | 125,000 | 125,000 | ||
Other borrowings | 183,695 | |||
Securities sold under agreement to repurchase | 23,608 | 18,674 | ||
Subordinated debentures | 29,427 | 29,427 | ||
Accrued interest payable | 240 | 277 | ||
Total Fair Value [Member] | ||||
Financial Assets: | ||||
Cash and due from financial institutions | 196,520 | 48,535 | ||
Other securities | 20,537 | 20,280 | ||
Loans, held for sale | 18,894 | 2,331 | ||
Loans, net of allowance | 2,031,416 | 1,713,863 | ||
Bank owned life insurance | 45,489 | 44,999 | ||
Accrued interest receivable | 11,047 | 7,093 | ||
Financial Liabilities: | ||||
Nonmaturing deposits | 1,776,351 | 1,402,924 | ||
Time deposits | 294,736 | 276,616 | ||
Short-term FHLB advances | 101,500 | |||
Long-term FHLB advances | 129,753 | 123,893 | ||
Other borrowings | 183,682 | |||
Securities sold under agreement to repurchase | 23,608 | 18,674 | ||
Subordinated debentures | 32,048 | 34,452 | ||
Accrued interest payable | 240 | 277 | ||
(Level 1) [Member] | ||||
Financial Assets: | ||||
Cash and due from financial institutions | 196,520 | 48,535 | ||
Other securities | 20,537 | 20,280 | ||
Loans, held for sale | 18,894 | 2,331 | ||
Bank owned life insurance | 45,489 | 44,999 | ||
Accrued interest receivable | 11,047 | 7,093 | ||
Financial Liabilities: | ||||
Nonmaturing deposits | 1,776,351 | 1,402,924 | ||
Short-term FHLB advances | 101,500 | |||
Securities sold under agreement to repurchase | 23,608 | 18,674 | ||
Accrued interest payable | 240 | 277 | ||
(Level 3) [Member] | ||||
Financial Assets: | ||||
Loans, net of allowance | 2,031,416 | 1,713,863 | ||
Financial Liabilities: | ||||
Time deposits | 294,736 | 276,616 | ||
Long-term FHLB advances | 129,753 | 123,893 | ||
Other borrowings | 183,682 | |||
Subordinated debentures | $ 32,048 | $ 34,452 |
Derivatives - Summary of Intere
Derivatives - Summary of Interest Rate Swap Transactions (Detail) - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
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 | $ 219,075,000 | $ 151,648,000 |
Weighted Average Rate Received/(Paid) | 4.61% | 5.04% |
Net Exposure, Fair value | $ 25,719,000 | $ 8,918,000 |
Derivative Financial Instruments, Liabilities [Member] | Accrued Expenses and Other Liabilities [Member] | ||
Derivatives Fair Value [Line Items] | ||
Net Exposure, Notional Amount | $ (219,075,000) | $ (151,648,000) |
Weighted Average Rate Received/(Paid) | 4.61% | 5.04% |
Net Exposure, Fair value | $ (25,719,000) | $ (8,918,000) |
Derivatives - Additional Inform
Derivatives - Additional Information (Detail) - Interest Rate Swap [Member] - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Collateral Pledged [Member] | ||
Derivatives Fair Value [Line Items] | ||
Cash and securities at fair value pledged for collateral | $ 16,862 | $ 14,032 |
Cash and Cash Equivalents [Member] | ||
Derivatives Fair Value [Line Items] | ||
Cash and securities at fair value pledged for collateral | $ 11,110 |
Qualified Affordable Housing _2
Qualified Affordable Housing Project Investments - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | |
Investments In Affordable Housing Projects [Abstract] | |||||
Investment for qualified affordable housing projects included in other assets | $ 5,353,000 | $ 5,353,000 | $ 5,154,000 | ||
Unfunded commitments related to the investments in qualified affordable housing projects | 4,885,000 | 4,885,000 | $ 5,417,000 | ||
Recognized amortization expense | 164,000 | $ 133,000 | 333,000 | $ 266,000 | |
Recognized tax credits and other benefits from its investment in affordable housing tax credits | 301,000 | 276,000 | 584,000 | 552,000 | |
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 | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Noninterest income | ||||
Service charges | $ 930 | $ 1,552 | $ 2,398 | $ 3,008 |
ATM/Interchange fees | 1,149 | 951 | 2,043 | 1,857 |
Wealth management fees | 904 | 911 | 1,910 | 1,758 |
Tax refund processing fees | 475 | 550 | 2,375 | 2,750 |
Other | 149 | 265 | 419 | 396 |
Noninterest Income (in-scope of Topic 606) | 3,607 | 4,229 | 9,145 | 9,769 |
Noninterest Income (out-of-scope of Topic 606) | 3,247 | 875 | 4,585 | 1,619 |
Total noninterest income | $ 6,854 | $ 5,104 | $ 13,730 | $ 11,388 |
Subsequent Events - Additional
Subsequent Events - Additional Information (Detail) $ in Thousands | 1 Months Ended | 6 Months Ended |
Aug. 05, 2020USD ($)Loan | Jun. 30, 2019USD ($)Contract | |
Subsequent Event [Line Items] | ||
Number of loans modified | Contract | 1 | |
Loan modifications amount | $ | $ 382 | |
Subsequent Event [Member] | Second Modifications [Member] | ||
Subsequent Event [Line Items] | ||
Number of loans modified | 75 | |
Loan modifications amount | $ | $ 95,153 | |
Number of loans modified returned to making principal and interest payments | 87 | |
Subsequent Event [Member] | Original 90-day Modification Period [Member] | ||
Subsequent Event [Line Items] | ||
Number of loans modified | 651 | |
Subsequent Event [Member] | Interest Payments Deferral [Member] | Second Modifications [Member] | ||
Subsequent Event [Line Items] | ||
Number of loans modified | 17 | |
Loan modifications amount | $ | $ 33,160 |
Subsequent Events - Schedule of
Subsequent Events - Schedule of Loan Modifications (Detail) | 1 Months Ended | 6 Months Ended | |
Aug. 05, 2020USD ($)Loan | Jun. 30, 2019USD ($)Contract | Jun. 30, 2020USD ($) | |
Financing Receivable Modifications [Line Items] | |||
Number of Loans | Contract | 1 | ||
Balance | $ 0 | $ 0 | |
Commercial Real Estate Non Owner Occupied [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of Loans | Contract | 1 | ||
Subsequent Event [Member] | Second Modifications [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of Loans | Loan | 75 | ||
Balance | $ 95,153,000 | ||
Weighted Average Interest Rate | 4.40% | ||
Subsequent Event [Member] | Commercial and Agriculture [Member] | Second Modifications [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of Loans | Loan | 25 | ||
Balance | $ 8,635,000 | ||
Weighted Average Interest Rate | 4.63% | ||
Subsequent Event [Member] | Commercial Real Estate Owner Occupied [Member] | Second Modifications [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of Loans | Loan | 23 | ||
Balance | $ 14,343,000 | ||
Weighted Average Interest Rate | 4.59% | ||
Subsequent Event [Member] | Commercial Real Estate Non Owner Occupied [Member] | Second Modifications [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of Loans | Loan | 25 | ||
Balance | $ 65,640,000 | ||
Weighted Average Interest Rate | 4.42% | ||
Subsequent Event [Member] | Real Estate Construction [Member] | Second Modifications [Member] | |||
Financing Receivable Modifications [Line Items] | |||
Number of Loans | Loan | 2 | ||
Balance | $ 6,535,000 | ||
Weighted Average Interest Rate | 3.42% |