Investment Securities (Tables)
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9 Months Ended |
Sep. 30, 2017 |
Investments, Debt and Equity Securities [Abstract] |
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Unrealized Gain (Loss) on Investments [Table Text Block] |
The following tables show the amortized cost, gross unrealized gains and losses, and fair value of investment securities, by investment security type as of September 30, 2017 and December 31, 2016. | | | | | | | | | | | | | | | | | | September 30, 2017 | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized (Losses) | | Fair Value | Securities available for sale: | | | | | | | | U.S. government agencies and corporations | $ | 2,500 |
| | $ | — |
| | $ | (11 | ) | | $ | 2,489 |
| State and political subdivisions | 133,300 |
| | 1,442 |
| | (486 | ) | | 134,256 |
| Collateralized mortgage obligations (1) | 150,298 |
| | 150 |
| | (1,081 | ) | | 149,367 |
| Mortgage-backed securities (1) | 54,622 |
| | 288 |
| | (123 | ) | | 54,787 |
| Asset-backed securities (2) | 46,351 |
| | 61 |
| | (139 | ) | | 46,273 |
| Trust preferred securities | 2,130 |
| | — |
| | (430 | ) | | 1,700 |
| Corporate notes | 29,288 |
| | 306 |
| | (92 | ) | | 29,502 |
| | $ | 418,489 |
| | $ | 2,247 |
| | $ | (2,362 | ) | | $ | 418,374 |
| | | | | | | | | Securities held to maturity: | | | | | | | | State and political subdivisions | $ | 45,597 |
| | $ | 807 |
| | $ | (48 | ) | | $ | 46,356 |
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| | December 31, 2016 | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized (Losses) | | Fair Value | Securities available for sale: | | | | | | | | U.S. government agencies and corporations | $ | 2,524 |
| | $ | 69 |
| | $ | — |
| | $ | 2,593 |
| State and political subdivisions | 64,551 |
| | 376 |
| | (591 | ) | | 64,336 |
| Collateralized mortgage obligations (1) | 103,038 |
| | 255 |
| | (1,343 | ) | | 101,950 |
| Mortgage-backed securities (1) | 80,614 |
| | 341 |
| | (797 | ) | | 80,158 |
| Trust preferred security | 1,784 |
| | — |
| | (534 | ) | | 1,250 |
| Corporate notes | 10,326 |
| | 25 |
| | (1 | ) | | 10,350 |
| | $ | 262,837 |
| | $ | 1,066 |
| | $ | (3,266 | ) | | $ | 260,637 |
| | | | | | | | | Securities held to maturity: | | | | | | | | State and political subdivisions | $ | 48,386 |
| | $ | 70 |
| | $ | (667 | ) | | $ | 47,789 |
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| | (1) | All collateralized mortgage obligations and mortgage-backed securities consist of residential mortgage pass-through securities guaranteed by FHLMC or FNMA, real estate mortgage investment conduits guaranteed by FNMA, FHLMC or GNMA, and commercial mortgage pass-through securities guaranteed by the SBA. |
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Investments Classified by Contractual Maturity Date [Table Text Block] |
The amortized cost and fair value of investment securities available for sale as of September 30, 2017, by contractual maturity, are shown below. Certain securities have call features that allow the issuer to call the securities prior to maturity. Expected maturities may differ from contractual maturities for collateralized mortgage obligations, mortgage-backed securities and asset-backed securities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Therefore, collateralized mortgage obligations, mortgage-backed securities and asset-backed securities are not included in the maturity categories within the following maturity summary. | | | | | | | | | | September 30, 2017 | | Amortized Cost | | Fair Value | Due in one year or less | $ | 2,117 |
| | $ | 2,121 |
| Due after one year through five years | 5,633 |
| | 5,660 |
| Due after five years through ten years | 43,213 |
| | 43,819 |
| Due after ten years | 116,255 |
| | 116,347 |
| | 167,218 |
| | 167,947 |
| Collateralized mortgage obligations, mortgage-backed and asset-backed securities | 251,271 |
| | 250,427 |
| | $ | 418,489 |
| | $ | 418,374 |
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The amortized cost and fair value of investment securities held to maturity as of September 30, 2017, by contractual maturity, are shown below. Certain securities have call features that allow the issuer to call the securities prior to maturity. | | | | | | | | | | September 30, 2017 | | Amortized Cost | | Fair Value | Due in one year or less | $ | — |
| | $ | — |
| Due after one year through five years | 1,595 |
| | 1,600 |
| Due after five years through ten years | 24,936 |
| | 25,364 |
| Due after ten years | 19,066 |
| | 19,392 |
| | $ | 45,597 |
| | $ | 46,356 |
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Schedule of Realized Gain (Loss) [Table Text Block] |
The details of the sales of investment securities available for sale for the three and nine months ended September 30, 2017 and 2016 are summarized in the following table. | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2017 | | 2016 | | 2017 | | 2016 | Proceeds from sales | $ | 21,204 |
| | $ | — |
| | $ | 74,224 |
| | $ | 1,544 |
| Gross gains on sales | 197 |
| | — |
| | 527 |
| | 60 |
| Gross losses on sales | — |
| | — |
| | 104 |
| | — |
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Schedule of Unrealized Loss on Investments [Table Text Block] |
The following tables show the fair value and gross unrealized losses, aggregated by investment type and length of time that individual securities have been in a continuous loss position, as of September 30, 2017 and December 31, 2016. | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2017 | | Less than 12 months | | 12 months or longer | | Total | | Fair Value | | Gross Unrealized (Losses) | | Fair Value | | Gross Unrealized (Losses) | | Fair Value | | Gross Unrealized (Losses) | Securities available for sale: | | | | | | | | | | | | U.S. government agencies and corporations | $ | 2,489 |
| | $ | (11 | ) | | $ | — |
| | $ | — |
| | $ | 2,489 |
| | $ | (11 | ) | State and political subdivisions | 54,004 |
| | (486 | ) | | — |
| | — |
| | 54,004 |
| | (486 | ) | Collateralized mortgage obligations | 102,016 |
| | (830 | ) | | 18,001 |
| | (251 | ) | | 120,017 |
| | (1,081 | ) | Mortgage-backed securities | 27,500 |
| | (123 | ) | | — |
| | — |
| | 27,500 |
| | (123 | ) | Asset-backed securities | 20,217 |
| | (139 | ) | | — |
| | — |
| | 20,217 |
| | (139 | ) | Trust preferred securities | — |
| | — |
| | 1,700 |
| | (430 | ) | | 1,700 |
| | (430 | ) | Corporate notes | 7,410 |
| | (92 | ) | | — |
| | — |
| | 7,410 |
| | (92 | ) | | $ | 213,636 |
| | $ | (1,681 | ) | | $ | 19,701 |
| | $ | (681 | ) | | $ | 233,337 |
| | $ | (2,362 | ) | | |
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| Securities held to maturity: | | | | | | | | | | | | State and political subdivisions | $ | 1,658 |
| | $ | (7 | ) | | $ | 1,755 |
| | $ | (41 | ) | | $ | 3,413 |
| | $ | (48 | ) | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2016 | | Less than 12 months | | 12 months or longer | | Total | | Fair Value | | Gross Unrealized (Losses) | | Fair Value | | Gross Unrealized (Losses) | | Fair Value | | Gross Unrealized (Losses) | Securities available for sale: | | | | | | | | | | | | State and political subdivisions | $ | 34,903 |
| | $ | (591 | ) | | $ | — |
| | $ | — |
| | $ | 34,903 |
| | $ | (591 | ) | Collateralized mortgage obligations | 75,771 |
| | (1,255 | ) | | 2,538 |
| | (88 | ) | | 78,309 |
| | (1,343 | ) | Mortgage-backed securities | 60,221 |
| | (797 | ) | | — |
| | — |
| | 60,221 |
| | (797 | ) | Trust preferred security | — |
| | — |
| | 1,250 |
| | (534 | ) | | 1,250 |
| | (534 | ) | Corporate notes | 1,499 |
| | (1 | ) | | — |
| | — |
| | 1,499 |
| | (1 | ) | | $ | 172,394 |
| | $ | (2,644 | ) | | $ | 3,788 |
| | $ | (622 | ) | | $ | 176,182 |
| | $ | (3,266 | ) | | | | | | | | | | | | | Securities held to maturity: | | | | | | | | | | | | State and political subdivisions | $ | 32,976 |
| | $ | (458 | ) | | $ | 3,968 |
| | $ | (209 | ) | | $ | 36,944 |
| | $ | (667 | ) |
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