Indiana
|
0-11487
|
35-1559596
|
(State or Other Jurisdiction
|
(Commission File Number)
|
(IRS Employer
|
of Incorporation or Organization)
|
Identification No.)
|
Page
|
||
PART I. FINANCIAL INFORMATION
|
||
PART II. OTHER INFORMATION
|
||
|
June 30,
|
|
December 31,
|
|
2018
|
|
2017
|
|
(Unaudited)
|
|
|
ASSETS
|
|
|
|
Cash and due from banks
|
$147,439
|
|
$140,402
|
Short-term investments
|
32,786
|
|
35,778
|
Total cash and cash equivalents
|
180,225
|
|
176,180
|
|
|
|
|
Securities available for sale (carried at fair value)
|
563,227
|
|
538,493
|
Real estate mortgage loans held for sale
|
6,097
|
|
3,346
|
|
|
|
|
Loans, net of allowance for loan losses of $47,706 and $47,121
|
3,811,007
|
|
3,771,338
|
|
|
|
|
Land, premises and equipment, net
|
57,242
|
|
56,466
|
Bank owned life insurance
|
76,501
|
|
75,879
|
Federal Reserve and Federal Home Loan Bank stock
|
13,772
|
|
13,772
|
Accrued interest receivable
|
15,223
|
|
14,093
|
Goodwill
|
4,970
|
|
4,970
|
Other assets
|
32,605
|
|
28,439
|
Total assets
|
$4,760,869
|
|
$4,682,976
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY
|
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
Noninterest bearing deposits
|
$839,784
|
|
$885,622
|
Interest bearing deposits
|
3,095,169
|
|
3,123,033
|
Total deposits
|
3,934,953
|
|
4,008,655
|
|
|
|
|
Borrowings
|
|
|
|
Securities sold under agreements to repurchase
|
106,239
|
|
70,652
|
Federal Home Loan Bank advances
|
175,000
|
|
80,030
|
Subordinated debentures
|
30,928
|
|
30,928
|
Total borrowings
|
312,167
|
|
181,610
|
|
|
|
|
Accrued interest payable
|
7,328
|
|
6,311
|
Other liabilities
|
19,937
|
|
17,733
|
Total liabilities
|
4,274,385
|
|
4,214,309
|
|
|
|
|
STOCKHOLDERS' EQUITY
|
|
|
|
Common stock: 90,000,000 shares authorized, no par value
|
|
|
|
25,294,582 shares issued and 25,126,537 outstanding as of June 30, 2018
|
|
|
|
25,194,903 shares issued and 25,025,933 outstanding as of December 31, 2017
|
109,223
|
|
108,862
|
Retained earnings
|
390,404
|
|
363,794
|
Accumulated other comprehensive income/(loss)
|
(9,710)
|
|
(670)
|
Treasury stock, at cost (2018 - 168,045 shares, 2017 - 168,970 shares)
|
(3,522)
|
|
(3,408)
|
Total stockholders' equity
|
486,395
|
|
468,578
|
Noncontrolling interest
|
89
|
|
89
|
Total equity
|
486,484
|
|
468,667
|
Total liabilities and equity
|
$4,760,869
|
|
$4,682,976
|
|
|
|
|||||
|
Three Months Ended
|
|
Six Months Ended
|
||||
|
June 30,
|
|
June 30,
|
||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
NET INTEREST INCOME
|
|
|
|
|
|
|
|
Interest and fees on loans
|
|
|
|
|
|
|
|
Taxable
|
$44,439
|
|
$36,967
|
|
$86,233
|
|
$71,414
|
Tax exempt
|
202
|
|
162
|
|
419
|
|
312
|
Interest and dividends on securities
|
|
|
|
|
|
|
|
Taxable
|
2,492
|
|
2,364
|
|
4,926
|
|
4,684
|
Tax exempt
|
1,466
|
|
1,274
|
|
2,797
|
|
2,436
|
Other interest income
|
196
|
|
54
|
|
488
|
|
102
|
Total interest income
|
48,795
|
|
40,821
|
|
94,863
|
|
78,948
|
|
|
|
|
|
|
|
|
Interest on deposits
|
10,648
|
|
6,243
|
|
20,015
|
|
11,685
|
Interest on borrowings
|
|
|
|
|
|
|
|
Short-term
|
195
|
|
431
|
|
306
|
|
741
|
Long-term
|
419
|
|
328
|
|
786
|
|
642
|
Total interest expense
|
11,262
|
|
7,002
|
|
21,107
|
|
13,068
|
|
|
|
|
|
|
|
|
NET INTEREST INCOME
|
37,533
|
|
33,819
|
|
73,756
|
|
65,880
|
|
|
|
|
|
|
|
|
Provision for loan losses
|
1,700
|
|
500
|
|
5,000
|
|
700
|
|
|
|
|
|
|
|
|
NET INTEREST INCOME AFTER PROVISION FOR
|
|
|
|
|
|
|
|
LOAN LOSSES
|
35,833
|
|
33,319
|
|
68,756
|
|
65,180
|
|
|
|
|
|
|
|
|
NONINTEREST INCOME
|
|
|
|
|
|
|
|
Wealth advisory fees
|
1,544
|
|
1,284
|
|
3,049
|
|
2,534
|
Investment brokerage fees
|
377
|
|
299
|
|
667
|
|
620
|
Service charges on deposit accounts
|
3,800
|
|
3,253
|
|
7,428
|
|
6,396
|
Loan and service fees
|
2,421
|
|
1,897
|
|
4,598
|
|
3,790
|
Merchant card fee income
|
549
|
|
570
|
|
1,191
|
|
1,108
|
Bank owned life insurance income
|
348
|
|
402
|
|
711
|
|
873
|
Other income
|
216
|
|
659
|
|
1,255
|
|
1,168
|
Mortgage banking income
|
438
|
|
378
|
|
679
|
|
509
|
Net securities gains/(losses)
|
0
|
|
49
|
|
(6)
|
|
52
|
Total noninterest income
|
9,693
|
|
8,791
|
|
19,572
|
|
17,050
|
|
|
|
|
|
|
|
|
NONINTEREST EXPENSE
|
|
|
|
|
|
|
|
Salaries and employee benefits
|
11,493
|
|
11,014
|
|
23,512
|
|
22,384
|
Net occupancy expense
|
1,237
|
|
1,154
|
|
2,663
|
|
2,274
|
Equipment costs
|
1,250
|
|
1,156
|
|
2,524
|
|
2,231
|
Data processing fees and supplies
|
2,290
|
|
1,974
|
|
4,803
|
|
3,990
|
Corporate and business development
|
1,046
|
|
1,196
|
|
2,179
|
|
2,698
|
FDIC insurance and other regulatory fees
|
409
|
|
419
|
|
870
|
|
853
|
Professional fees
|
910
|
|
801
|
|
1,782
|
|
1,755
|
Other expense
|
1,639
|
|
1,638
|
|
3,143
|
|
3,215
|
Total noninterest expense
|
20,274
|
|
19,352
|
|
41,476
|
|
39,400
|
|
|
|
|
|
|
|
|
INCOME BEFORE INCOME TAX EXPENSE
|
25,252
|
|
22,758
|
|
46,852
|
|
42,830
|
Income tax expense
|
5,110
|
|
7,394
|
|
8,374
|
|
12,952
|
NET INCOME
|
$20,142
|
|
$15,364
|
|
$38,478
|
|
$29,878
|
|
|
|
|
|
|
|
|
BASIC WEIGHTED AVERAGE COMMON SHARES
|
25,293,329
|
|
25,183,186
|
|
25,275,471
|
|
25,167,799
|
BASIC EARNINGS PER COMMON SHARE
|
$0.80
|
|
$0.61
|
|
$1.52
|
|
$1.19
|
DILUTED WEIGHTED AVERAGE COMMON SHARES
|
25,709,216
|
|
25,619,977
|
|
25,704,505
|
|
25,618,552
|
DILUTED EARNINGS PER COMMON SHARE
|
$0.78
|
|
$0.60
|
|
$1.50
|
|
$1.17
|
|
|
|
|
||||||
Three months ended June 30,
|
Six months ended June 30,
|
||||||||
2018
|
2017
|
2018
|
2017
|
||||||
Net income
|
$20,142
|
$15,364
|
$38,478
|
$29,878
|
|||||
Other comprehensive income (loss)
|
|||||||||
Change in securities available for sale:
|
|||||||||
Unrealized holding gain (loss) on securities available for sale
|
|||||||||
arising during the period
|
(2,242)
|
3,358
|
(11,402)
|
4,070
|
|||||
Reclassification adjustment for gains included in net income
|
0
|
(49)
|
6
|
(52)
|
|||||
Net securities gain (loss) activity during the period
|
(2,242)
|
3,309
|
(11,396)
|
4,018
|
|||||
Tax effect
|
471
|
(1,079)
|
2,499
|
(1,343)
|
|||||
Net of tax amount
|
(1,771)
|
2,230
|
(8,897)
|
2,675
|
|||||
Defined benefit pension plans:
|
|||||||||
Amortization of net actuarial loss
|
67
|
67
|
133
|
133
|
|||||
Tax effect
|
(18)
|
(26)
|
(35)
|
(52)
|
|||||
Net of tax amount
|
49
|
41
|
98
|
81
|
|||||
|
|
|
|
||||||
Total other comprehensive income (loss), net of tax
|
(1,722)
|
2,271
|
(8,799)
|
2,756
|
|||||
Comprehensive income
|
$18,420
|
$17,635
|
$29,679
|
$32,634
|
|
|
|
|
|
|
|
Accumulated
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
|
|
|
|
Total
|
|
|
Common Stock
|
|
Retained
|
|
Comprehensive
|
|
Treasury
|
|
Stockholders'
|
|
||
|
Shares
|
|
Stock
|
|
Earnings
|
|
Income (Loss)
|
|
Stock
|
|
Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at January 1, 2017
|
24,937,865
|
|
$104,405
|
|
$327,873
|
|
$(2,387)
|
|
$(2,913)
|
|
$426,978
|
|
Comprehensive income:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
|
|
|
29,878
|
|
|
|
|
|
29,878
|
|
Other comprehensive income (loss), net of tax
|
|
|
|
|
|
|
2,756
|
|
|
|
2,756
|
|
Cash dividends declared, $0.41 per share
|
|
|
|
|
(10,324)
|
|
|
|
|
|
(10,324)
|
|
Treasury shares purchased under deferred
|
|
|
|
|
|
|
|
|
|
|
|
|
directors' plan
|
(5,638)
|
|
256
|
|
|
|
|
|
(256)
|
|
0
|
|
Stock activity under equity compensation plans
|
89,532
|
|
(1,736)
|
|
|
|
|
|
|
|
(1,736)
|
|
Stock based compensation expense
|
|
|
2,819
|
|
|
|
|
|
|
|
2,819
|
|
Balance at June 30, 2017
|
25,021,759
|
|
$105,744
|
|
$347,427
|
|
$369
|
|
$(3,169)
|
|
$450,371
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at January 1, 2018
|
25,025,933
|
|
$108,862
|
|
$363,794
|
|
$(670)
|
|
$(3,408)
|
|
$468,578
|
|
Adoption of ASU 2018-02 (See Note 1)
|
|
|
|
|
173
|
|
(173)
|
|
|
|
0
|
|
Adoption of ASU 2014-09 (See Note 1)
|
|
|
|
|
24
|
|
|
|
|
|
24
|
|
Adoption of ASU 2016-01 (See Note 1)
|
|
|
|
|
68
|
|
(68)
|
|
|
|
0
|
|
Comprehensive income:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
|
|
|
38,478
|
|
|
|
|
|
38,478
|
|
Other comprehensive income (loss), net of tax
|
|
|
|
|
|
|
(8,799)
|
|
|
|
(8,799)
|
|
Cash dividends declared, $0.48 per share
|
|
|
|
|
(12,133)
|
|
|
|
|
|
(12,133)
|
|
Treasury shares purchased under deferred
|
|
|
|
|
|
|
|
|
|
|
|
|
directors' plan
|
(4,711)
|
|
229
|
|
|
|
|
|
(229)
|
|
0
|
|
Treasury shares sold and distributed under deferred
|
|
|
|
|
|
|
|
|
|
|
|
|
directors' plan
|
5,636
|
|
(115)
|
|
|
|
|
|
115
|
|
0
|
|
Stock activity under equity compensation plans
|
99,679
|
|
(2,435)
|
|
|
|
|
|
|
|
(2,435)
|
|
Stock based compensation expense
|
|
|
2,682
|
|
|
|
|
|
|
|
2,682
|
|
Balance at June 30, 2018
|
25,126,537
|
|
$109,223
|
|
$390,404
|
|
$(9,710)
|
|
$(3,522)
|
|
$486,395
|
|
Six Months Ended June 30
|
2018
|
2017
|
|
Cash flows from operating activities:
|
|||
Net income
|
$ 38,478
|
$ 29,878
|
|
Adjustments to reconcile net income to net cash from operating
|
|||
activities:
|
|||
Depreciation
|
2,761
|
2,412
|
|
Provision for loan losses
|
5,000
|
700
|
|
Net loss (gain) on sale and write down of other real estate owned
|
16
|
(5)
|
|
Amortization of loan servicing rights
|
254
|
307
|
|
Loans originated for sale
|
(25,121)
|
(25,622)
|
|
Net gain on sales of loans
|
(767)
|
(859)
|
|
Proceeds from sale of loans
|
22,748
|
27,773
|
|
Net loss (gain) on sales of premises and equipment
|
22
|
(5)
|
|
Net loss (gain) on sales and calls of securities available for sale
|
6
|
(52)
|
|
Net securities amortization
|
1,511
|
1,407
|
|
Stock based compensation expense
|
2,682
|
2,819
|
|
Earnings on life insurance
|
(711)
|
(873)
|
|
Gain on life insurance
|
(205)
|
0
|
|
Tax benefit of stock option exercises
|
(761)
|
(932)
|
|
Net change:
|
|||
Interest receivable and other assets
|
(2,812)
|
1,784
|
|
Interest payable and other liabilities
|
2,453
|
(2,804)
|
|
Total adjustments
|
7,076
|
6,050
|
|
Net cash from operating activities
|
45,554
|
35,928
|
|
Cash flows from investing activities:
|
|||
Proceeds from sale of securities available for sale
|
12,322
|
35,845
|
|
Proceeds from maturities, calls and principal paydowns of
|
|||
securities available for sale
|
24,809
|
30,837
|
|
Purchases of securities available for sale
|
(72,740)
|
(90,140)
|
|
Purchase of life insurance
|
(310)
|
(490)
|
|
Net increase in total loans
|
(44,669)
|
(106,011)
|
|
Proceeds from sales of land, premises and equipment
|
28
|
7
|
|
Purchases of land, premises and equipment
|
(3,587)
|
(6,814)
|
|
Proceeds from sales of other real estate
|
12
|
42
|
|
Proceeds from life insurance
|
568
|
0
|
|
Net cash from investing activities
|
(83,567)
|
(136,724)
|
|
Cash flows from financing activities:
|
|||
Net (decrease) increase in total deposits
|
(73,702)
|
38,027
|
|
Net increase in short-term borrowings
|
210,587
|
225,143
|
|
Payments on long-term borrowings
|
(80,030)
|
(180,002)
|
|
Common dividends paid
|
(12,120)
|
(10,311)
|
|
Preferred dividends paid
|
(13)
|
(13)
|
|
Payments related to equity incentive plans
|
(2,435)
|
(1,736)
|
|
Purchase of treasury stock
|
(229)
|
(256)
|
|
Net cash from financing activities
|
42,058
|
70,852
|
|
Net change in cash and cash equivalents
|
4,045
|
(29,944)
|
|
Cash and cash equivalents at beginning of the period
|
176,180
|
167,280
|
|
Cash and cash equivalents at end of the period
|
$ 180,225
|
$ 137,336
|
|
Cash paid during the period for:
|
|||
Interest
|
$ 20,090
|
$ 13,936
|
|
Income taxes
|
8,154
|
11,513
|
|
Supplemental non-cash disclosures:
|
|||
Loans transferred to other real estate owned
|
0
|
79
|
|
Securities purchases payable
|
1,898
|
0
|
|
For the three months ended June 30, 2018
|
For the six months ended June 30, 2018
|
||||||||||
As reported
|
Under legacy GAAP
|
Impact of ASC 606
|
As reported
|
Under legacy GAAP
|
Impact of ASC 606
|
||||||
Noninterest income
|
|||||||||||
Loan and service fees
|
$2,421
|
$2,231
|
$190
|
$4,598
|
$4,214
|
$384
|
|||||
Other income
|
216
|
344
|
(128)
|
1,255
|
1,383
|
(128)
|
|||||
Total
|
$2,637
|
$2,575
|
$62
|
$5,853
|
$5,597
|
$256
|
|||||
Noninterest expense
|
|||||||||||
Data processing fees and supplies
|
2,290
|
2,228
|
62
|
4,803
|
4,547
|
256
|
|||||
Total
|
$2,290
|
$2,228
|
$62
|
$4,803
|
$4,547
|
$256
|
|||||
Net Impact
|
$347
|
$347
|
$0
|
$1,050
|
$1,050
|
$0
|
|||||
Net income
|
$20,142
|
$20,142
|
$0
|
$38,478
|
$38,478
|
$0
|
|||||
Comprehensive income
|
18,420
|
18,420
|
0
|
29,679
|
29,679
|
0
|
|||||
Basic earnings per share
|
$0.80
|
$0.80
|
$0
|
$1.52
|
$1.52
|
$0
|
|||||
Diluted earnings per share
|
0.78
|
0.78
|
0
|
1.50
|
1.50
|
0
|
Gross
|
Gross
|
||||||
Amortized
|
Unrealized
|
Unrealized
|
Fair
|
||||
(dollars in thousands)
|
Cost
|
Gain
|
Losses
|
Value
|
|||
June 30, 2018
|
|||||||
U.S. Treasury securities
|
$992
|
$0
|
$(13)
|
$979
|
|||
U.S. government sponsored agencies
|
4,894
|
0
|
(131)
|
4,763
|
|||
Mortgage-backed securities: residential
|
338,057
|
1,071
|
(8,347)
|
330,781
|
|||
Mortgage-backed securities: commercial
|
34,890
|
0
|
(756)
|
34,134
|
|||
State and municipal securities
|
194,573
|
1,119
|
(3,122)
|
192,570
|
|||
Total
|
$573,406
|
$2,190
|
$(12,369)
|
$563,227
|
|||
December 31, 2017
|
|||||||
U.S. Treasury securities
|
$992
|
$5
|
$0
|
$997
|
|||
U.S. government sponsored agencies
|
5,191
|
0
|
(69)
|
5,122
|
|||
Mortgage-backed securities: residential
|
314,650
|
2,099
|
(2,975)
|
313,774
|
|||
Mortgage-backed securities: commercial
|
44,208
|
75
|
(72)
|
44,211
|
|||
State and municipal securities
|
172,375
|
2,990
|
(976)
|
174,389
|
|||
Total
|
$537,416
|
$5,169
|
$(4,092)
|
$538,493
|
Amortized
|
Fair
|
||
(dollars in thousands)
|
Cost
|
Value
|
|
Due in one year or less
|
$2,303
|
$2,324
|
|
Due after one year through five years
|
23,944
|
24,077
|
|
Due after five years through ten years
|
35,390
|
35,273
|
|
Due after ten years
|
138,822
|
136,638
|
|
200,459
|
198,312
|
||
Mortgage-backed securities
|
372,947
|
364,915
|
|
Total debt securities
|
$573,406
|
$563,227
|
Three months ended June 30,
|
Six months ended June 30,
|
||||||
(dollars in thousands)
|
2018
|
2017
|
2018
|
2017
|
|||
Sales of securities available for sale
|
|||||||
Proceeds
|
$0
|
$19,034
|
$12,322
|
$35,845
|
|||
Gross gains
|
0
|
59
|
21
|
256
|
|||
Gross losses
|
0
|
(10)
|
(27)
|
(204)
|
Less than 12 months
|
12 months or more
|
Total
|
|||||||||
Fair
|
Unrealized
|
Fair
|
Unrealized
|
Fair
|
Unrealized
|
||||||
(dollars in thousands)
|
Value
|
Losses
|
Value
|
Losses
|
Value
|
Losses
|
|||||
June 30, 2018
|
|||||||||||
US Treasury
|
$979
|
$13
|
$0
|
$0
|
$979
|
$13
|
|||||
U.S. government sponsored agencies
|
2,210
|
51
|
2,553
|
80
|
4,763
|
131
|
|||||
Mortgage-backed securities: residential
|
231,456
|
5,493
|
56,429
|
2,854
|
287,885
|
8,347
|
|||||
Mortgage-backed securities: commercial
|
34,134
|
756
|
0
|
0
|
34,134
|
756
|
|||||
State and municipal securities
|
63,633
|
914
|
48,071
|
2,208
|
111,704
|
3,122
|
|||||
Total temporarily impaired
|
$332,412
|
$7,227
|
$107,053
|
$5,142
|
$439,465
|
$12,369
|
|||||
December 31, 2017
|
|||||||||||
U.S. government sponsored agencies
|
$2,353
|
$6
|
$2,769
|
$63
|
$5,122
|
$69
|
|||||
Mortgage-backed securities: residential
|
142,834
|
1,412
|
59,024
|
1,563
|
201,858
|
2,975
|
|||||
Mortgage-backed securities: commercial
|
23,505
|
72
|
0
|
0
|
23,505
|
72
|
|||||
State and municipal securities
|
8,585
|
47
|
49,552
|
929
|
58,137
|
976
|
|||||
Total temporarily impaired
|
$177,277
|
$1,537
|
$111,345
|
$2,555
|
$288,622
|
$4,092
|
Less than
|
12 months
|
||||
12 months
|
or more
|
Total
|
|||
June 30, 2018
|
|||||
US Treasury
|
1
|
0
|
1
|
||
U.S. government sponsored agencies
|
1
|
1
|
2
|
||
Mortgage-backed securities: residential
|
79
|
22
|
101
|
||
Mortgage-backed securities: commercial
|
8
|
0
|
8
|
||
State and municipal securities
|
82
|
62
|
144
|
||
Total temporarily impaired
|
171
|
85
|
256
|
||
December 31, 2017
|
|||||
U.S. government sponsored agencies
|
1
|
1
|
2
|
||
Mortgage-backed securities: residential
|
46
|
21
|
67
|
||
Mortgage-backed securities: commercial
|
5
|
0
|
5
|
||
State and municipal securities
|
17
|
62
|
79
|
||
Total temporarily impaired
|
69
|
84
|
153
|
June 30,
|
December 31,
|
|||||
(dollars in thousands)
|
2018
|
2017
|
||||
Commercial and industrial loans:
|
||||||
Working capital lines of credit loans
|
$780,910
|
20.2
|
%
|
$743,609
|
19.4
|
%
|
Non-working capital loans
|
691,118
|
17.9
|
675,072
|
17.7
|
||
Total commercial and industrial loans
|
1,472,028
|
38.1
|
1,418,681
|
37.1
|
||
Commercial real estate and multi-family residential loans:
|
||||||
Construction and land development loans
|
200,438
|
5.2
|
224,474
|
5.9
|
||
Owner occupied loans
|
569,453
|
14.8
|
538,603
|
14.1
|
||
Nonowner occupied loans
|
518,840
|
13.4
|
508,121
|
13.3
|
||
Multifamily loans
|
221,579
|
5.7
|
173,715
|
4.5
|
||
Total commercial real estate and multi-family residential loans
|
1,510,310
|
39.1
|
1,444,913
|
37.8
|
||
Agri-business and agricultural loans:
|
||||||
Loans secured by farmland
|
148,396
|
3.9
|
186,437
|
4.9
|
||
Loans for agricultural production
|
155,826
|
4.0
|
196,404
|
5.1
|
||
Total agri-business and agricultural loans
|
304,222
|
7.9
|
382,841
|
10.0
|
||
Other commercial loans
|
120,541
|
3.1
|
124,076
|
3.3
|
||
Total commercial loans
|
3,407,101
|
88.2
|
3,370,511
|
88.2
|
||
Consumer 1-4 family mortgage loans:
|
||||||
Closed end first mortgage loans
|
180,099
|
4.7
|
179,302
|
4.7
|
||
Open end and junior lien loans
|
179,622
|
4.7
|
181,865
|
4.8
|
||
Residential construction and land development loans
|
13,226
|
0.3
|
13,478
|
0.3
|
||
Total consumer 1-4 family mortgage loans
|
372,947
|
9.7
|
374,645
|
9.8
|
||
Other consumer loans
|
80,097
|
2.1
|
74,369
|
2.0
|
||
Total consumer loans
|
453,044
|
11.8
|
449,014
|
11.8
|
||
Subtotal
|
3,860,145
|
100.0
|
%
|
3,819,525
|
100.0
|
%
|
Less: Allowance for loan losses
|
(47,706)
|
(47,121)
|
||||
Net deferred loan fees
|
(1,432)
|
(1,066)
|
||||
Loans, net
|
$3,811,007
|
$3,771,338
|
Commercial
|
|||||||||||||||
Real Estate
|
|||||||||||||||
Commercial
|
and
|
Agri-business
|
Consumer
|
||||||||||||
and
|
Multifamily
|
and
|
Other
|
1-4 Family
|
Other
|
||||||||||
(dollars in thousands)
|
Industrial
|
Residential
|
Agricultural
|
Commercial
|
Mortgage
|
Consumer
|
Unallocated
|
Total
|
|||||||
Three Months Ended June 30, 2018
|
|||||||||||||||
Beginning balance, April 1
|
$20,725
|
$14,438
|
$4,848
|
$510
|
$2,018
|
$245
|
$2,843
|
$45,627
|
|||||||
Provision for loan losses
|
1,392
|
508
|
(268)
|
(46)
|
(68)
|
65
|
117
|
1,700
|
|||||||
Loans charged-off
|
(57)
|
0
|
0
|
0
|
0
|
(71)
|
0
|
(128)
|
|||||||
Recoveries
|
464
|
8
|
5
|
0
|
3
|
27
|
0
|
507
|
|||||||
Net loans charged-off
|
407
|
8
|
5
|
0
|
3
|
(44)
|
0
|
379
|
|||||||
Ending balance
|
$22,524
|
$14,954
|
$4,585
|
$464
|
$1,953
|
$266
|
$2,960
|
$47,706
|
Commercial
|
|||||||||||||||
Real Estate
|
|||||||||||||||
Commercial
|
and
|
Agri-business
|
Consumer
|
||||||||||||
and
|
Multifamily
|
and
|
Other
|
1-4 Family
|
Other
|
||||||||||
(dollars in thousands)
|
Industrial
|
Residential
|
Agricultural
|
Commercial
|
Mortgage
|
Consumer
|
Unallocated
|
Total
|
|||||||
Three Months Ended June 30, 2017
|
|||||||||||||||
Beginning balance, April 1
|
$19,781
|
$13,718
|
$3,459
|
$545
|
$2,790
|
$379
|
$3,102
|
$43,774
|
|||||||
Provision for loan losses
|
160
|
61
|
405
|
23
|
(123)
|
23
|
(49)
|
500
|
|||||||
Loans charged-off
|
(11)
|
(211)
|
0
|
0
|
(6)
|
(33)
|
0
|
(261)
|
|||||||
Recoveries
|
289
|
207
|
6
|
0
|
28
|
20
|
0
|
550
|
|||||||
Net loans charged-off
|
278
|
(4)
|
6
|
0
|
22
|
(13)
|
0
|
289
|
|||||||
Ending balance
|
$20,219
|
$13,775
|
$3,870
|
$568
|
$2,689
|
$389
|
$3,053
|
$44,563
|
Commercial
|
|||||||||||||||
Real Estate
|
|||||||||||||||
Commercial
|
and
|
Agri-business
|
Consumer
|
||||||||||||
and
|
Multifamily
|
and
|
Other
|
1-4 Family
|
Other
|
||||||||||
(dollars in thousands)
|
Industrial
|
Residential
|
Agricultural
|
Commercial
|
Mortgage
|
Consumer
|
Unallocated
|
Total
|
|||||||
Six Months Ended June 30, 2018
|
|||||||||||||||
Beginning balance, January 1
|
$21,097
|
$14,714
|
$4,920
|
$577
|
$2,768
|
$379
|
$2,666
|
$47,121
|
|||||||
Provision for loan losses
|
5,294
|
715
|
(344)
|
(113)
|
(862)
|
16
|
294
|
5,000
|
|||||||
Loans charged-off
|
(4,417)
|
(491)
|
0
|
0
|
(7)
|
(190)
|
0
|
(5,105)
|
|||||||
Recoveries
|
550
|
16
|
9
|
0
|
54
|
61
|
0
|
690
|
|||||||
Net loans charged-off
|
(3,867)
|
(475)
|
9
|
0
|
47
|
(129)
|
0
|
(4,415)
|
|||||||
Ending balance
|
$22,524
|
$14,954
|
$4,585
|
$464
|
$1,953
|
$266
|
$2,960
|
$47,706
|
Commercial
|
|||||||||||||||
Real Estate
|
|||||||||||||||
Commercial
|
and
|
Agri-business
|
Consumer
|
||||||||||||
and
|
Multifamily
|
and
|
Other
|
1-4 Family
|
Other
|
||||||||||
(dollars in thousands)
|
Industrial
|
Residential
|
Agricultural
|
Commercial
|
Mortgage
|
Consumer
|
Unallocated
|
Total
|
|||||||
Six Months Ended June 30, 2017
|
|||||||||||||||
Beginning balance, January 1
|
$20,272
|
$13,452
|
$3,532
|
$461
|
$2,827
|
$387
|
$2,787
|
$43,718
|
|||||||
Provision for loan losses
|
(179)
|
318
|
328
|
107
|
(200)
|
60
|
266
|
700
|
|||||||
Loans charged-off
|
(386)
|
(259)
|
0
|
0
|
(13)
|
(106)
|
0
|
(764)
|
|||||||
Recoveries
|
512
|
264
|
10
|
0
|
75
|
48
|
0
|
909
|
|||||||
Net loans charged-off
|
126
|
5
|
10
|
0
|
62
|
(58)
|
0
|
145
|
|||||||
Ending balance
|
$20,219
|
$13,775
|
$3,870
|
$568
|
$2,689
|
$389
|
$3,053
|
$44,563
|
Commercial
|
|||||||||||||||
Real Estate
|
|||||||||||||||
Commercial
|
and
|
Agri-business
|
Consumer
|
||||||||||||
and
|
Multifamily
|
and
|
Other
|
1-4 Family
|
Other
|
||||||||||
(dollars in thousands)
|
Industrial
|
Residential
|
Agricultural
|
Commercial
|
Mortgage
|
Consumer
|
Unallocated
|
Total
|
|||||||
June 30, 2018
|
|||||||||||||||
Allowance for loan losses:
|
|||||||||||||||
Ending allowance balance attributable to loans:
|
|||||||||||||||
Individually evaluated for impairment
|
$2,046
|
$536
|
$0
|
$0
|
$205
|
$26
|
$0
|
$2,813
|
|||||||
Collectively evaluated for impairment
|
20,478
|
14,418
|
4,585
|
464
|
1,748
|
240
|
2,960
|
44,893
|
|||||||
Total ending allowance balance
|
$22,524
|
$14,954
|
$4,585
|
$464
|
$1,953
|
$266
|
$2,960
|
$47,706
|
|||||||
Loans:
|
|||||||||||||||
Loans individually evaluated for impairment
|
$10,603
|
$4,291
|
$283
|
$0
|
$1,712
|
$47
|
$0
|
$16,936
|
|||||||
Loans collectively evaluated for impairment
|
1,461,326
|
1,503,794
|
304,033
|
120,395
|
372,394
|
79,835
|
0
|
3,841,777
|
|||||||
Total ending loans balance
|
$1,471,929
|
$1,508,085
|
$304,316
|
$120,395
|
$374,106
|
$79,882
|
$0
|
$3,858,713
|
Commercial
|
|||||||||||||||
Real Estate
|
|||||||||||||||
Commercial
|
and
|
Agri-business
|
Consumer
|
||||||||||||
and
|
Multifamily
|
and
|
Other
|
1-4 Family
|
Other
|
||||||||||
(dollars in thousands)
|
Industrial
|
Residential
|
Agricultural
|
Commercial
|
Mortgage
|
Consumer
|
Unallocated
|
Total
|
|||||||
December 31, 2017
|
|||||||||||||||
Allowance for loan losses:
|
|||||||||||||||
Ending allowance balance attributable to loans:
|
|||||||||||||||
Individually evaluated for impairment
|
$2,067
|
$795
|
$0
|
$0
|
$310
|
$44
|
$0
|
$3,216
|
|||||||
Collectively evaluated for impairment
|
19,030
|
13,919
|
4,920
|
577
|
2,458
|
335
|
2,666
|
43,905
|
|||||||
Total ending allowance balance
|
$21,097
|
$14,714
|
$4,920
|
$577
|
$2,768
|
$379
|
$2,666
|
$47,121
|
|||||||
Loans:
|
|||||||||||||||
Loans individually evaluated for impairment
|
$6,979
|
$4,802
|
$283
|
$0
|
$1,756
|
$50
|
$0
|
$13,870
|
|||||||
Loans collectively evaluated for impairment
|
1,411,648
|
1,438,219
|
382,643
|
123,922
|
374,013
|
74,144
|
0
|
3,804,589
|
|||||||
Total ending loans balance
|
$1,418,627
|
$1,443,021
|
$382,926
|
$123,922
|
$375,769
|
$74,194
|
$0
|
$3,818,459
|
Unpaid
|
Allowance for
|
||||
Principal
|
Recorded
|
Loan Losses
|
|||
(dollars in thousands)
|
Balance
|
Investment
|
Allocated
|
||
With no related allowance recorded:
|
|||||
Commercial and industrial loans:
|
|||||
Working capital lines of credit loans
|
$491
|
$491
|
$0
|
||
Non-working capital loans
|
3,006
|
1,611
|
0
|
||
Commercial real estate and multi-family residential loans:
|
|||||
Construction and land development loans
|
88
|
88
|
0
|
||
Owner occupied loans
|
2,928
|
2,548
|
0
|
||
Agri-business and agricultural loans:
|
|||||
Loans secured by farmland
|
603
|
283
|
0
|
||
Consumer 1-4 family loans:
|
|||||
Closed end first mortgage loans
|
579
|
500
|
0
|
||
Open end and junior lien loans
|
243
|
244
|
0
|
||
With an allowance recorded:
|
|||||
Commercial and industrial loans:
|
|||||
Working capital lines of credit loans
|
7,282
|
4,594
|
707
|
||
Non-working capital loans
|
4,857
|
3,907
|
1,339
|
||
Commercial real estate and multi-family residential loans:
|
|||||
Construction and land development loans
|
325
|
324
|
124
|
||
Owner occupied loans
|
1,689
|
1,331
|
412
|
||
Consumer 1-4 family mortgage loans:
|
|||||
Closed end first mortgage loans
|
967
|
968
|
205
|
||
Other consumer loans
|
47
|
47
|
26
|
||
Total
|
$23,105
|
$16,936
|
$2,813
|
||
Unpaid
|
Allowance for
|
||||
Principal
|
Recorded
|
Loan Losses
|
|||
(dollars in thousands)
|
Balance
|
Investment
|
Allocated
|
||
With no related allowance recorded:
|
|||||
Commercial and industrial loans:
|
|||||
Working capital lines of credit loans
|
$ 491
|
$ 491
|
$ 0
|
||
Non-working capital loans
|
2,973
|
1,579
|
0
|
||
Commercial real estate and multi-family residential loans:
|
|||||
Construction and land development loans
|
88
|
88
|
0
|
||
Owner occupied loans
|
2,558
|
2,310
|
0
|
||
Agri-business and agricultural loans:
|
|||||
Loans secured by farmland
|
603
|
283
|
0
|
||
Consumer 1-4 family loans:
|
|||||
Closed end first mortgage loans
|
636
|
570
|
0
|
||
With an allowance recorded:
|
|||||
Commercial and industrial loans:
|
|||||
Working capital lines of credit loans
|
1,617
|
1,617
|
667
|
||
Non-working capital loans
|
3,292
|
3,292
|
1,400
|
||
Commercial real estate and multi-family residential loans:
|
|||||
Construction and land development loans
|
827
|
827
|
350
|
||
Owner occupied loans
|
1,577
|
1,577
|
445
|
||
Consumer 1-4 family mortgage loans:
|
|||||
Closed end first mortgage loans
|
950
|
950
|
269
|
||
Open end and junior lien loans
|
235
|
236
|
41
|
||
Other consumer loans
|
50
|
50
|
44
|
||
Total
|
$ 15,897
|
$ 13,870
|
$ 3,216
|
||
Cash Basis
|
|||||
Average
|
Interest
|
Interest
|
|||
Recorded
|
Income
|
Income
|
|||
(dollars in thousands)
|
Investment
|
Recognized
|
Recognized
|
||
With no related allowance recorded:
|
|||||
Commercial and industrial loans:
|
|||||
Working capital lines of credit loans
|
$1,011
|
$6
|
$14
|
||
Non-working capital loans
|
1,738
|
16
|
26
|
||
Commercial real estate and multi-family residential loans:
|
|||||
Construction and land development loans
|
88
|
2
|
3
|
||
Owner occupied loans
|
2,868
|
9
|
12
|
||
Agri-business and agricultural loans:
|
|||||
Loans secured by farmland
|
283
|
0
|
0
|
||
Consumer 1-4 family loans:
|
|||||
Closed end first mortgage loans
|
533
|
2
|
3
|
||
Open end and junior lien loans
|
247
|
0
|
0
|
||
With an allowance recorded:
|
|||||
Commercial and industrial loans:
|
|||||
Working capital lines of credit loans
|
3,005
|
2
|
2
|
||
Non-working capital loans
|
3,513
|
3
|
6
|
||
Commercial real estate and multi-family residential loans:
|
|||||
Construction and land development loans
|
491
|
6
|
13
|
||
Owner occupied loans
|
1,041
|
1
|
1
|
||
Consumer 1-4 family mortgage loans:
|
|||||
Closed end first mortgage loans
|
993
|
8
|
10
|
||
Other consumer loans
|
48
|
0
|
2
|
||
Total
|
$15,859
|
$55
|
$92
|
Cash Basis
|
|||||
Average
|
Interest
|
Interest
|
|||
Recorded
|
Income
|
Income
|
|||
(dollars in thousands)
|
Investment
|
Recognized
|
Recognized
|
||
With no related allowance recorded:
|
|||||
Commercial and industrial loans:
|
|||||
Working capital lines of credit loans
|
$562
|
$8
|
$8
|
||
Non-working capital loans
|
1,310
|
9
|
6
|
||
Commercial real estate and multi-family residential loans:
|
|||||
Construction and land development loans
|
126
|
1
|
1
|
||
Owner occupied loans
|
2,390
|
2
|
1
|
||
Nonowner occupied loans
|
2,803
|
70
|
59
|
||
Agri-business and agricultural loans:
|
|||||
Loans secured by farmland
|
283
|
0
|
0
|
||
Consumer 1-4 family loans:
|
|||||
Closed end first mortgage loans
|
213
|
2
|
2
|
||
Open end and junior lien loans
|
155
|
0
|
0
|
||
With an allowance recorded:
|
|||||
Commercial and industrial loans:
|
|||||
Working capital lines of credit loans
|
2,376
|
11
|
4
|
||
Non-working capital loans
|
6,855
|
42
|
30
|
||
Commercial real estate and multi-family residential loans:
|
|||||
Owner occupied loans
|
1,544
|
3
|
2
|
||
Consumer 1-4 family mortgage loans:
|
|||||
Closed end first mortgage loans
|
1,028
|
5
|
2
|
||
Other consumer loans
|
53
|
1
|
0
|
||
Total
|
$19,698
|
$154
|
$115
|
Cash Basis
|
|||||
Average
|
Interest
|
Interest
|
|||
Recorded
|
Income
|
Income
|
|||
(dollars in thousands)
|
Investment
|
Recognized
|
Recognized
|
||
With no related allowance recorded:
|
|||||
Commercial and industrial loans:
|
|||||
Working capital lines of credit loans
|
$1,011
|
$13
|
$16
|
||
Non-working capital loans
|
1,733
|
31
|
31
|
||
Commercial real estate and multi-family residential loans:
|
|||||
Construction and land development loans
|
95
|
3
|
3
|
||
Owner occupied loans
|
2,712
|
16
|
14
|
||
Agri-business and agricultural loans:
|
|||||
Loans secured by farmland
|
283
|
0
|
0
|
||
Consumer 1-4 family loans:
|
|||||
Closed end first mortgage loans
|
538
|
4
|
4
|
||
Open end and junior lien loans
|
169
|
0
|
0
|
||
With an allowance recorded:
|
|||||
Commercial and industrial loans:
|
|||||
Working capital lines of credit loans
|
2,307
|
4
|
3
|
||
Non-working capital loans
|
3,365
|
5
|
6
|
||
Commercial real estate and multi-family residential loans:
|
|||||
Construction and land development loans
|
606
|
17
|
18
|
||
Owner occupied loans
|
1,117
|
1
|
1
|
||
Consumer 1-4 family mortgage loans:
|
|||||
Closed end first mortgage loans
|
981
|
15
|
14
|
||
Open end and junior lien loans
|
77
|
0
|
0
|
||
Other consumer loans
|
48
|
1
|
2
|
||
Total
|
$15,042
|
$110
|
$112
|
Cash Basis
|
|||||
Average
|
Interest
|
Interest
|
|||
Recorded
|
Income
|
Income
|
|||
(dollars in thousands)
|
Investment
|
Recognized
|
Recognized
|
||
With no related allowance recorded:
|
|||||
Commercial and industrial loans:
|
|||||
Working capital lines of credit loans
|
$570
|
$15
|
$15
|
||
Non-working capital loans
|
1,345
|
17
|
14
|
||
Commercial real estate and multi-family residential loans:
|
|||||
Construction and land development loans
|
126
|
2
|
2
|
||
Owner occupied loans
|
2,481
|
3
|
2
|
||
Nonowner occupied loans
|
3,703
|
154
|
143
|
||
Agri-business and agricultural loans:
|
|||||
Loans secured by farmland
|
283
|
0
|
0
|
||
Consumer 1-4 family loans:
|
|||||
Closed end first mortgage loans
|
202
|
3
|
3
|
||
Open end and junior lien loans
|
156
|
0
|
0
|
||
With an allowance recorded:
|
|||||
Commercial and industrial loans:
|
|||||
Working capital lines of credit loans
|
1,870
|
22
|
17
|
||
Non-working capital loans
|
6,777
|
91
|
81
|
||
Commercial real estate and multi-family residential loans:
|
|||||
Owner occupied loans
|
1,605
|
8
|
7
|
||
Consumer 1-4 family mortgage loans:
|
|||||
Closed end first mortgage loans
|
1,050
|
12
|
9
|
||
Other consumer loans
|
54
|
2
|
1
|
||
Total
|
$20,222
|
$329
|
$294
|
30-89
|
Greater than
|
Total Past
|
|||||||||
Loans Not
|
Days
|
90 Days
|
Due and
|
||||||||
(dollars in thousands)
|
Past Due
|
Past Due
|
Past Due
|
Nonaccrual
|
Nonaccrual
|
Total
|
|||||
Commercial and industrial loans:
|
|||||||||||
Working capital lines of credit loans
|
$776,348
|
$30
|
$0
|
$4,611
|
$4,641
|
$780,989
|
|||||
Non-working capital loans
|
686,853
|
0
|
0
|
4,087
|
4,087
|
690,940
|
|||||
Commercial real estate and multi-family
|
|||||||||||
residential loans:
|
|||||||||||
Construction and land development loans
|
199,046
|
324
|
0
|
0
|
324
|
199,370
|
|||||
Owner occupied loans
|
565,838
|
0
|
0
|
3,242
|
3,242
|
569,080
|
|||||
Nonowner occupied loans
|
518,475
|
0
|
0
|
0
|
0
|
518,475
|
|||||
Multifamily loans
|
221,160
|
0
|
0
|
0
|
0
|
221,160
|
|||||
Agri-business and agricultural loans:
|
|||||||||||
Loans secured by farmland
|
148,118
|
0
|
0
|
283
|
283
|
148,401
|
|||||
Loans for agricultural production
|
155,915
|
0
|
0
|
0
|
0
|
155,915
|
|||||
Other commercial loans
|
120,395
|
0
|
0
|
0
|
0
|
120,395
|
|||||
Consumer 1-4 family mortgage loans:
|
|||||||||||
Closed end first mortgage loans
|
178,347
|
1,084
|
0
|
310
|
1,394
|
179,741
|
|||||
Open end and junior lien loans
|
180,860
|
66
|
0
|
244
|
310
|
181,170
|
|||||
Residential construction loans
|
13,138
|
57
|
0
|
0
|
57
|
13,195
|
|||||
Other consumer loans
|
79,828
|
54
|
0
|
0
|
54
|
79,882
|
|||||
Total
|
$3,844,321
|
$1,615
|
$0
|
$12,777
|
$14,392
|
$3,858,713
|
30-89
|
Greater than
|
Total Past
|
|||||||||
Loans Not
|
Days
|
90 Days
|
Due and
|
||||||||
(dollars in thousands)
|
Past Due
|
Past Due
|
Past Due
|
Nonaccrual
|
Nonaccrual
|
Total
|
|||||
Commercial and industrial loans:
|
|||||||||||
Working capital lines of credit loans
|
$742,205
|
$11
|
$0
|
$1,459
|
$1,470
|
$743,675
|
|||||
Non-working capital loans
|
671,490
|
0
|
0
|
3,462
|
3,462
|
674,952
|
|||||
Commercial real estate and multi-family
|
|||||||||||
residential loans:
|
|||||||||||
Construction and land development loans
|
215,713
|
8,000
|
0
|
0
|
8,000
|
223,713
|
|||||
Owner occupied loans
|
534,648
|
0
|
0
|
3,620
|
3,620
|
538,268
|
|||||
Nonowner occupied loans
|
507,696
|
0
|
0
|
0
|
0
|
507,696
|
|||||
Multifamily loans
|
173,100
|
244
|
0
|
0
|
244
|
173,344
|
|||||
Agri-business and agricultural loans:
|
|||||||||||
Loans secured by farmland
|
186,160
|
0
|
0
|
283
|
283
|
186,443
|
|||||
Loans for agricultural production
|
196,483
|
0
|
0
|
0
|
0
|
196,483
|
|||||
Other commercial loans
|
123,922
|
0
|
0
|
0
|
0
|
123,922
|
|||||
Consumer 1-4 family mortgage loans:
|
|||||||||||
Closed end first mortgage loans
|
177,410
|
1,183
|
6
|
342
|
1,531
|
178,941
|
|||||
Open end and junior lien loans
|
183,056
|
89
|
0
|
236
|
325
|
183,381
|
|||||
Residential construction loans
|
13,447
|
0
|
0
|
0
|
0
|
13,447
|
|||||
Other consumer loans
|
74,102
|
92
|
0
|
0
|
92
|
74,194
|
|||||
Total
|
$3,799,432
|
$9,619
|
$6
|
$9,402
|
$19,027
|
$3,818,459
|
June 30
|
December 31
|
||
(dollars in thousands)
|
2018
|
2017
|
|
Accruing troubled debt restructured loans
|
$3,402
|
$2,893
|
|
Nonaccrual troubled debt restructured loans
|
7,666
|
7,750
|
|
Total troubled debt restructured loans
|
$11,068
|
$10,643
|
All Modifications
|
Modified Repayment Terms
|
||||||||
Pre-Modification
|
Post-Modification
|
Extension
|
|||||||
Outstanding
|
Outstanding
|
Period or
|
|||||||
Number of
|
Recorded
|
Recorded
|
Number of
|
Range
|
|||||
(dollars in thousands)
|
Loans
|
Investment
|
Investment
|
Loans
|
(in months)
|
||||
Troubled Debt Restructurings
|
|||||||||
Commercial and industrial loans:
|
|||||||||
Non-working capital loans
|
1
|
$20
|
$20
|
1
|
0
|
||||
Total
|
1
|
$20
|
$20
|
1
|
0
|
All Modifications
|
Modified Repayment Terms
|
||||||||
Pre-Modification
|
Post-Modification
|
Extension
|
|||||||
Outstanding
|
Outstanding
|
Period or
|
|||||||
Number of
|
Recorded
|
Recorded
|
Number of
|
Range
|
|||||
(dollars in thousands)
|
Loans
|
Investment
|
Investment
|
Loans
|
(in months)
|
||||
Troubled Debt Restructurings
|
|||||||||
Commercial and industrial loans:
|
|||||||||
Working capital lines of credit loans
|
1
|
$600
|
$600
|
1
|
0
|
||||
Non-working capital loans
|
2
|
1,420
|
1,420
|
2
|
0
|
||||
Commercial real estate and multi-
|
|||||||||
family residential loans:
|
|||||||||
Construction and land
|
|||||||||
development loans
|
1
|
824
|
824
|
1
|
12
|
||||
Owner occupied loans
|
1
|
387
|
387
|
1
|
12
|
||||
Consumer 1-4 family loans:
|
|||||||||
Closed end first mortgage loans
|
1
|
198
|
197
|
1
|
239
|
||||
Total
|
6
|
$3,429
|
$3,428
|
6
|
0-239
|
All Modifications
|
Modified Repayment Terms
|
|||||||||
Pre-Modification
|
Post-Modification
|
|||||||||
Outstanding
|
Outstanding
|
Period or
|
||||||||
Number of
|
Recorded
|
Recorded
|
Number of
|
Range
|
||||||
(dollars in thousands)
|
Loans
|
Investment
|
Investment
|
Loans
|
(in months)
|
|||||
Troubled Debt Restructurings
|
||||||||||
Commercial and industrial loans:
|
||||||||||
Non-working capital loans
|
2
|
$ 1,712
|
$ 1,712
|
2
|
6
|
|||||
Commercial real estate and multi-
|
||||||||||
family residential loans:
|
||||||||||
Owner occupied loans
|
1
|
486
|
486
|
1
|
6
|
|||||
Consumer 1-4 family loans:
|
||||||||||
Closed end first mortgage loans
|
1
|
44
|
46
|
1
|
350
|
|||||
Total
|
4
|
$ 2,242
|
$ 2,244
|
4
|
6-350
|
|||||
Special
|
Not
|
||||||||||
(dollars in thousands)
|
Pass
|
Mention
|
Substandard
|
Doubtful
|
Rated
|
Total
|
|||||
Commercial and industrial loans:
|
|||||||||||
Working capital lines of credit loans
|
$692,253
|
$64,679
|
$23,698
|
$0
|
$359
|
$780,989
|
|||||
Non-working capital loans
|
634,295
|
27,890
|
23,657
|
0
|
5,098
|
690,940
|
|||||
Commercial real estate and multi-
|
|||||||||||
family residential loans:
|
|||||||||||
Construction and land development loans
|
198,605
|
441
|
324
|
0
|
0
|
199,370
|
|||||
Owner occupied loans
|
523,574
|
23,609
|
21,897
|
0
|
0
|
569,080
|
|||||
Nonowner occupied loans
|
515,925
|
1,883
|
667
|
0
|
0
|
518,475
|
|||||
Multifamily loans
|
220,931
|
229
|
0
|
0
|
0
|
221,160
|
|||||
Agri-business and agricultural loans:
|
|||||||||||
Loans secured by farmland
|
136,465
|
8,358
|
3,578
|
0
|
0
|
148,401
|
|||||
Loans for agricultural production
|
144,728
|
9,287
|
1,900
|
0
|
0
|
155,915
|
|||||
Other commercial loans
|
120,391
|
0
|
0
|
0
|
4
|
120,395
|
|||||
Consumer 1-4 family mortgage loans:
|
|||||||||||
Closed end first mortgage loans
|
52,761
|
0
|
1,467
|
0
|
125,513
|
179,741
|
|||||
Open end and junior lien loans
|
8,306
|
0
|
244
|
0
|
172,620
|
181,170
|
|||||
Residential construction loans
|
0
|
0
|
0
|
0
|
13,195
|
13,195
|
|||||
Other consumer loans
|
13,832
|
0
|
47
|
0
|
66,003
|
79,882
|
|||||
Total
|
$3,262,066
|
$136,376
|
$77,479
|
$0
|
$382,792
|
$3,858,713
|
Special
|
Not
|
||||||||||
(dollars in thousands)
|
Pass
|
Mention
|
Substandard
|
Doubtful
|
Rated
|
Total
|
|||||
Commercial and industrial loans:
|
|||||||||||
Working capital lines of credit loans
|
$688,748
|
$33,337
|
$21,350
|
$0
|
$240
|
$743,675
|
|||||
Non-working capital loans
|
624,275
|
20,171
|
25,834
|
0
|
4,672
|
674,952
|
|||||
Commercial real estate and multi-
|
|||||||||||
family residential loans:
|
|||||||||||
Construction and land development loans
|
222,445
|
441
|
827
|
0
|
0
|
223,713
|
|||||
Owner occupied loans
|
496,231
|
19,361
|
22,676
|
0
|
0
|
538,268
|
|||||
Nonowner occupied loans
|
505,033
|
1,970
|
693
|
0
|
0
|
507,696
|
|||||
Multifamily loans
|
173,100
|
244
|
0
|
0
|
0
|
173,344
|
|||||
Agri-business and agricultural loans:
|
|||||||||||
Loans secured by farmland
|
174,118
|
7,988
|
4,337
|
0
|
0
|
186,443
|
|||||
Loans for agricultural production
|
185,772
|
9,716
|
995
|
0
|
0
|
196,483
|
|||||
Other commercial loans
|
123,917
|
0
|
0
|
0
|
5
|
123,922
|
|||||
Consumer 1-4 family mortgage loans:
|
|||||||||||
Closed end first mortgage loans
|
52,301
|
0
|
1,520
|
0
|
125,120
|
178,941
|
|||||
Open end and junior lien loans
|
8,259
|
0
|
236
|
0
|
174,886
|
183,381
|
|||||
Residential construction loans
|
0
|
0
|
0
|
0
|
13,447
|
13,447
|
|||||
Other consumer loans
|
18,642
|
0
|
50
|
0
|
55,502
|
74,194
|
|||||
Total
|
$3,272,841
|
$93,228
|
$78,518
|
$0
|
$373,872
|
$3,818,459
|
Level 1
|
|
Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date.
|
Level 2
|
|
Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
|
Level 3
|
Significant unobservable inputs that reflect a company's own assumptions about the assumptions that market participants would use in pricing an asset or liability.
|
June 30, 2018
|
|||||||
Fair Value Measurements Using
|
Assets
|
||||||
(dollars in thousands)
|
Level 1
|
Level 2
|
Level 3
|
at Fair Value
|
|||
Assets
|
|||||||
U.S. Treasury securities
|
$ 979
|
$ 0
|
$ 0
|
$ 979
|
|||
U.S. government sponsored agency securities
|
0
|
4,763
|
0
|
4,763
|
|||
Mortgage-backed securities: residential
|
0
|
330,781
|
0
|
330,781
|
|||
Mortgage-backed securities: commercial
|
0
|
34,134
|
0
|
34,134
|
|||
State and municipal securities
|
0
|
191,742
|
828
|
192,570
|
|||
Total Securities
|
979
|
561,420
|
828
|
563,227
|
|||
Mortgage banking derivative
|
0
|
328
|
0
|
328
|
|||
Interest rate swap derivative
|
0
|
4,071
|
0
|
4,071
|
|||
Total assets
|
$ 979
|
$ 565,819
|
$ 828
|
$ 567,626
|
|||
Liabilities
|
|||||||
Mortgage banking derivative
|
0
|
30
|
0
|
30
|
|||
Interest rate swap derivative
|
0
|
4,088
|
0
|
4,088
|
|||
Total liabilities
|
$ 0
|
$ 4,118
|
$ 0
|
$ 4,118
|
|||
December 31, 2017
|
|||||||
Fair Value Measurements Using
|
Assets
|
||||||
(dollars in thousands)
|
Level 1
|
Level 2
|
Level 3
|
at Fair Value
|
|||
Assets
|
|||||||
U.S. Treasury securities
|
$ 997
|
$ 0
|
$ 0
|
$ 997
|
|||
U.S. government sponsored agency securities
|
0
|
5,122
|
0
|
5,122
|
|||
Mortgage-backed securities: residential
|
0
|
313,774
|
0
|
313,774
|
|||
Mortgage-backed securities: commercial
|
0
|
44,211
|
0
|
44,211
|
|||
State and municipal securities
|
0
|
173,509
|
880
|
174,389
|
|||
Total Securities
|
997
|
536,616
|
880
|
538,493
|
|||
Mortgage banking derivative
|
0
|
136
|
0
|
136
|
|||
Interest rate swap derivative
|
0
|
2,441
|
0
|
2,441
|
|||
Total assets
|
$ 997
|
$ 539,193
|
$ 880
|
$ 541,070
|
|||
Liabilities
|
|||||||
Mortgage banking derivative
|
0
|
3
|
0
|
3
|
|||
Interest rate swap derivative
|
0
|
2,562
|
0
|
2,562
|
|||
Total liabilities
|
$ 0
|
$ 2,565
|
$ 0
|
$ 2,565
|
|||
State and Municipal Securities
|
|||||||
(dollars in thousands)
|
2018
|
2017
|
|||||
Balance of recurring Level 3 assets at January 1
|
$ 880
|
$ 670
|
|||||
Changes in fair value of securities
|
|||||||
included in other comprehensive income
|
(7)
|
(6)
|
|||||
Principal payments
|
(45)
|
(45)
|
|||||
Balance of recurring Level 3 assets at June 30
|
$ 828
|
$ 619
|
|||||
Quantitative Information about Level 3 Fair Value Measurements
|
|||||||
Range of
|
|||||||
Fair Value at
|
Inputs
|
||||||
(dollars in thousands)
|
6/30/2018
|
Valuation Technique
|
Unobservable Input
|
(Average)
|
|||
State and municipal securities
|
$ 828
|
Price to type, par, call
|
Discount to benchmark index
|
0-5%
|
|||
(0.92%)
|
|||||||
Quantitative Information about Level 3 Fair Value Measurements
|
|||||||
Range of
|
|||||||
Fair Value at
|
Inputs
|
||||||
(dollars in thousands)
|
12/31/2017
|
Valuation Technique
|
Unobservable Input
|
(Average)
|
|||
State and municipal securities
|
$ 880
|
Price to type, par, call
|
Discount to benchmark index
|
0-5%
|
|||
(2.03%)
|
June 30, 2018
|
|||||||
Fair Value Measurements Using
|
Assets
|
||||||
(dollars in thousands)
|
Level 1
|
Level 2
|
Level 3
|
at Fair Value
|
|||
Assets
|
|||||||
Impaired loans:
|
|||||||
Commercial and industrial loans:
|
|||||||
Working capital lines of credit loans
|
$ 0
|
$ 0
|
$ 3,888
|
$ 3,888
|
|||
Non-working capital loans
|
0
|
0
|
2,354
|
2,354
|
|||
Commercial real estate and multi-family
|
|||||||
residential loans:
|
|||||||
Construction and land development loans
|
0
|
0
|
200
|
200
|
|||
Owner occupied loans
|
0
|
0
|
918
|
918
|
|||
Consumer 1-4 family mortgage loans:
|
|||||||
Closed end first mortgage loans
|
0
|
0
|
138
|
138
|
|||
Total assets
|
$ 0
|
$ 0
|
$ 7,498
|
$ 7,498
|
|||
December 31, 2017
|
|||||||
Fair Value Measurements Using
|
Assets
|
||||||
(dollars in thousands)
|
Level 1
|
Level 2
|
Level 3
|
at Fair Value
|
|||
Assets
|
|||||||
Impaired loans:
|
|||||||
Commercial and industrial loans:
|
|||||||
Working capital lines of credit loans
|
$ 0
|
$ 0
|
$ 934
|
$ 934
|
|||
Non-working capital loans
|
0
|
0
|
1,693
|
1,693
|
|||
Commercial real estate and multi-family
|
|||||||
residential loans:
|
|||||||
Construction and land development loans
|
0
|
0
|
477
|
477
|
|||
Owner occupied loans
|
0
|
0
|
1,133
|
1,133
|
|||
Consumer 1-4 family mortgage loans:
|
|||||||
Open end and junior lien loans
|
0
|
0
|
195
|
195
|
|||
Total assets
|
$ 0
|
$ 0
|
$ 4,432
|
$ 4,432
|
|||
(dollars in thousands)
|
Fair Value
|
Valuation Methodology
|
Unobservable Inputs
|
Average
|
Range of Inputs
|
|||||
Impaired loans:
|
||||||||||
Commercial and industrial
|
$ 6,242
|
Collateral based
|
Discount to reflect
|
20%
|
9% - 100%
|
|||||
measurements
|
current market conditions
|
|||||||||
and ultimate collectability
|
||||||||||
Impaired loans:
|
||||||||||
Commercial real estate
|
1,118
|
Collateral based
|
Discount to reflect
|
32%
|
9% - 50%
|
|||||
measurements
|
current market conditions
|
|||||||||
and ultimate collectability
|
||||||||||
Impaired loans:
|
||||||||||
Consumer 1-4 family mortgage
|
138
|
Collateral based
|
Discount to reflect
|
5%
|
2% - 7%
|
|||||
measurements
|
current market conditions
|
|||||||||
and ultimate collectability
|
(dollars in thousands)
|
Fair Value
|
Valuation Methodology
|
Unobservable Inputs
|
Average
|
Range of Inputs
|
|||||
Impaired loans:
|
||||||||||
Commercial and industrial
|
$ 2,627
|
Collateral based
|
Discount to reflect
|
37%
|
23% - 100%
|
|||||
measurements
|
current market conditions
|
|||||||||
and ultimate collectability
|
||||||||||
Impaired loans:
|
||||||||||
Commercial real estate
|
1,610
|
Collateral based
|
Discount to reflect
|
33%
|
2% - 58%
|
|||||
measurements
|
current market conditions
|
|||||||||
and ultimate collectability
|
||||||||||
Impaired loans:
|
||||||||||
Consumer 1-4 family mortgage
|
195
|
Collateral based
|
Discount to reflect
|
17%
|
||||||
measurements
|
current market conditions
|
|||||||||
and ultimate collectability
|
June 30, 2018
|
|||||||||
Carrying
|
Estimated Fair Value
|
||||||||
(dollars in thousands)
|
Value
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||
Financial Assets:
|
|||||||||
Cash and cash equivalents
|
$ 180,225
|
$ 177,480
|
$ 2,714
|
$ 0
|
$ 180,194
|
||||
Securities available for sale
|
563,227
|
979
|
561,420
|
828
|
563,227
|
||||
Real estate mortgages held for sale
|
6,097
|
0
|
6,200
|
0
|
6,200
|
||||
Loans, net
|
3,811,007
|
0
|
0
|
3,742,781
|
3,742,781
|
||||
Federal Home Loan Bank stock
|
10,352
|
N/A
|
N/A
|
N/A
|
N/A
|
||||
Federal Reserve Bank stock
|
3,420
|
N/A
|
N/A
|
N/A
|
N/A
|
||||
Accrued interest receivable
|
15,223
|
3
|
3,118
|
12,102
|
15,223
|
||||
Financial Liabilities:
|
|||||||||
Certificates of deposit
|
(1,416,735)
|
0
|
(1,418,805)
|
0
|
(1,418,805)
|
||||
All other deposits
|
(2,518,218)
|
(2,518,218)
|
0
|
0
|
(2,518,218)
|
||||
Securities sold under agreements
|
|||||||||
to repurchase
|
(106,239)
|
0
|
(106,239)
|
0
|
(106,239)
|
||||
Federal Home Loan Bank advances
|
(175,000)
|
0
|
(175,000)
|
0
|
(175,000)
|
||||
Subordinated debentures
|
(30,928)
|
0
|
0
|
(31,211)
|
(31,211)
|
||||
Standby letters of credit
|
(611)
|
0
|
0
|
(611)
|
(611)
|
||||
Accrued interest payable
|
(7,328)
|
(125)
|
(7,198)
|
(5)
|
(7,328)
|
||||
December 31, 2017
|
|||||||||
Carrying
|
Estimated Fair Value
|
||||||||
(dollars in thousands)
|
Value
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||
Financial Assets:
|
|||||||||
Cash and cash equivalents
|
$ 176,180
|
$ 174,045
|
$ 2,127
|
$ 0
|
$ 176,172
|
||||
Securities available for sale
|
538,493
|
997
|
536,616
|
880
|
538,493
|
||||
Real estate mortgages held for sale
|
3,346
|
0
|
3,390
|
0
|
3,390
|
||||
Loans, net
|
3,771,338
|
0
|
0
|
3,744,842
|
3,744,842
|
||||
Federal Home Loan Bank stock
|
10,352
|
N/A
|
N/A
|
N/A
|
N/A
|
||||
Federal Reserve Bank stock
|
3,420
|
N/A
|
N/A
|
N/A
|
N/A
|
||||
Accrued interest receivable
|
14,093
|
3
|
2,925
|
11,165
|
14,093
|
||||
Financial Liabilities:
|
|||||||||
Certificates of deposit
|
(1,412,583)
|
0
|
(1,417,075)
|
0
|
(1,417,075)
|
||||
All other deposits
|
(2,596,072)
|
(2,596,072)
|
0
|
0
|
(2,596,072)
|
||||
Securities sold under agreements
|
|||||||||
to repurchase
|
(70,652)
|
0
|
(70,652)
|
0
|
(70,652)
|
||||
Federal Home Loan Bank advances
|
(80,030)
|
0
|
(80,035)
|
0
|
(80,035)
|
||||
Subordinated debentures
|
(30,928)
|
0
|
0
|
(31,194)
|
(31,194)
|
||||
Standby letters of credit
|
(758)
|
0
|
0
|
(758)
|
(758)
|
||||
Accrued interest payable
|
(6,311)
|
(149)
|
(6,158)
|
(4)
|
(6,311)
|
||||
Three Months Ended June 30,
|
Six Months Ended June 30,
|
||||||||||||||
Pension Benefits
|
SERP Benefits
|
Pension Benefits
|
SERP Benefits
|
||||||||||||
(dollars in thousands)
|
2018
|
2017
|
2018
|
2017
|
2018
|
2017
|
2018
|
2017
|
|||||||
Service cost
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
$0
|
|||||||
Interest cost
|
24
|
26
|
8
|
10
|
47
|
52
|
17
|
20
|
|||||||
Expected return on plan assets
|
(35)
|
(37)
|
(16)
|
(15)
|
(69)
|
(72)
|
(31)
|
(31)
|
|||||||
Recognized net actuarial (gain) loss
|
48
|
47
|
19
|
20
|
96
|
93
|
37
|
40
|
|||||||
Net pension expense (benefit)
|
$37
|
$36
|
$11
|
$15
|
$74
|
$73
|
$23
|
$29
|
June 30, 2018
|
|||||||||||
Gross
|
Net Amounts
|
||||||||||
Gross
|
Amounts
|
of Assets
|
Gross Amounts Not
|
||||||||
Amounts of
|
Offset in the
|
presented in
|
Offset in the Statement
|
||||||||
Recognized
|
Statement of
|
the Statement
|
of Financial Position
|
||||||||
Assets/
|
Financial
|
of Financial
|
Financial
|
Cash Collateral
|
|||||||
(dollars in thousands)
|
Liabilities
|
Position
|
Position
|
Instruments
|
Received
|
Net Amount
|
|||||
Assets
|
|||||||||||
Interest Rate Swap Derivatives
|
$4,071
|
$0
|
$4,071
|
$0
|
$0
|
$4,071
|
|||||
Total Assets
|
$4,071
|
$0
|
$4,071
|
$0
|
$0
|
$4,071
|
|||||
Liabilities
|
|||||||||||
Interest Rate Swap Derivatives
|
$4,088
|
$0
|
$4,088
|
$0
|
$(2,440)
|
$1,648
|
|||||
Repurchase Agreements
|
106,239
|
0
|
106,239
|
(106,239)
|
0
|
0
|
|||||
Total Liabilities
|
$110,327
|
$0
|
$110,327
|
$(106,239)
|
$(2,440)
|
$1,648
|
December 31, 2017
|
|||||||||||
Gross
|
Net Amounts
|
||||||||||
Gross
|
Amounts
|
of Assets
|
Gross Amounts Not
|
||||||||
Amounts of
|
Offset in the
|
presented in
|
Offset in the Statement
|
||||||||
Recognized
|
Statement of
|
the Statement
|
of Financial Position
|
||||||||
Assets/
|
Financial
|
of Financial
|
Financial
|
Cash Collateral
|
|||||||
(dollars in thousands)
|
Liabilities
|
Position
|
Position
|
Instruments
|
Received
|
Net Amount
|
|||||
Assets
|
|||||||||||
Interest Rate Swap Derivatives
|
$2,441
|
$0
|
$2,441
|
$0
|
$0
|
$2,441
|
|||||
Total Assets
|
$2,441
|
$0
|
$2,441
|
$0
|
$0
|
$2,441
|
|||||
Liabilities
|
|||||||||||
Interest Rate Swap Derivatives
|
$2,562
|
$0
|
$2,562
|
$0
|
$(750)
|
$1,812
|
|||||
Repurchase Agreements
|
70,652
|
0
|
70,652
|
(70,652)
|
0
|
0
|
|||||
Total Liabilities
|
$73,214
|
$0
|
$73,214
|
$(70,652)
|
$(750)
|
$1,812
|
Three Months Ended June 30,
|
Six Months Ended June 30,
|
||||||
2018
|
2017
|
2018
|
2017
|
||||
Weighted average shares outstanding for basic earnings per common share
|
25,293,329
|
25,183,186
|
25,275,471
|
25,167,799
|
|||
Dilutive effect of stock options, awards and warrants
|
415,887
|
436,791
|
429,034
|
450,753
|
|||
Weighted average shares outstanding for diluted earnings per common share
|
25,709,216
|
25,619,977
|
25,704,505
|
25,618,552
|
|||
Basic earnings per common share
|
$0.80
|
$0.61
|
$1.52
|
$1.19
|
|||
Diluted earnings per common share
|
$0.78
|
$0.60
|
$1.50
|
$1.17
|
Unrealized
|
|||||
Gains and
|
|||||
Losses on
|
Defined
|
||||
Available-
|
Benefit
|
||||
for-Sales
|
Pension
|
||||
(dollars in thousands)
|
Securities
|
Items
|
Total
|
||
Balance at December 31, 2017
|
$784
|
$(1,454)
|
$(670)
|
||
Other comprehensive income before reclassification
|
(8,903)
|
0
|
(8,903)
|
||
Amounts reclassified from accumulated other comprehensive income (loss)
|
6
|
98
|
104
|
||
Net current period other comprehensive income
|
(8,897)
|
98
|
(8,799)
|
||
Adoption of ASU 2018-02 (See Note 1)
|
140
|
(313)
|
(173)
|
||
Adoption of ASU 2016-01 (See Note 1)
|
(68)
|
0
|
(68)
|
||
Balance at June 30, 2018
|
$(8,041)
|
$(1,669)
|
$(9,710)
|
||
Unrealized
|
|||||
Gains and
|
|||||
Losses on
|
Defined
|
||||
Available-
|
Benefit
|
||||
for-Sales
|
Pension
|
||||
(dollars in thousands)
|
Securities
|
Items
|
Total
|
||
Balance at December 31, 2016
|
$(722)
|
$(1,665)
|
$(2,387)
|
||
Other comprehensive income before reclassification
|
2,706
|
0
|
2,706
|
||
Amounts reclassified from accumulated other comprehensive income (loss)
|
(31)
|
81
|
50
|
||
Net current period other comprehensive income
|
2,675
|
81
|
2,756
|
||
Balance at June 30, 2017
|
$1,953
|
$(1,584)
|
$369
|
Details about
|
Amount
|
Affected Line Item
|
||
Accumulated Other
|
Reclassified From
|
in the Statement
|
||
Comprehensive
|
Accumulated Other
|
Where Net
|
||
Income Components
|
Comprehensive Income
|
Income is Presented
|
||
(dollars in thousands)
|
||||
Unrealized gains and losses on available-for-sale securities
|
$0
|
Net securities gains (losses)
|
||
Tax effect
|
0
|
Income tax expense
|
||
0
|
Net of tax
|
|||
Amortization of defined benefit pension items
|
(67)
|
Other expense
|
||
Tax effect
|
18
|
Income tax expense
|
||
(49)
|
Net of tax
|
|||
Total reclassifications for the period
|
$(49)
|
Net income
|
Details about
|
Amount
|
Affected Line Item
|
||
Accumulated Other
|
Reclassified From
|
in the Statement
|
||
Comprehensive
|
Accumulated Other
|
Where Net
|
||
Income Components
|
Comprehensive Income
|
Income is Presented
|
||
(dollars in thousands)
|
||||
Unrealized gains and losses on available-for-sale securities
|
$49
|
Net securities gains (losses)
|
||
Tax effect
|
(21)
|
Income tax expense
|
||
28
|
Net of tax
|
|||
Amortization of defined benefit pension items
|
(67)
|
Other expense
|
||
Tax effect
|
26
|
Income tax expense
|
||
(41)
|
Net of tax
|
|||
Total reclassifications for the period
|
$(13)
|
Net income
|
Details about
|
Amount
|
Affected Line Item
|
||
Accumulated Other
|
Reclassified From
|
in the Statement
|
||
Comprehensive
|
Accumulated Other
|
Where Net
|
||
Income Components
|
Comprehensive Income
|
Income is Presented
|
||
(dollars in thousands)
|
||||
Unrealized gains and losses on available-for-sale securities
|
$(6)
|
Net securities gains (losses)
|
||
Tax effect
|
0
|
Income tax expense
|
||
(6)
|
Net of tax
|
|||
Amortization of defined benefit pension items
|
(133)
|
Other expense
|
||
Tax effect
|
35
|
Income tax expense
|
||
(98)
|
Net of tax
|
|||
Total reclassifications for the period
|
$(104)
|
Net income
|
Details about
|
Amount
|
Affected Line Item
|
||
Accumulated Other
|
Reclassified From
|
in the Statement
|
||
Comprehensive
|
Accumulated Other
|
Where Net
|
||
Income Components
|
Comprehensive Income
|
Income is Presented
|
||
(dollars in thousands)
|
||||
Unrealized gains and losses on available-for-sale securities
|
$52
|
Net securities gains (losses)
|
||
Tax effect
|
(21)
|
Income tax expense
|
||
31
|
Net of tax
|
|||
Amortization of defined benefit pension items
|
(133)
|
Other expense
|
||
Tax effect
|
52
|
Income tax expense
|
||
(81)
|
Net of tax
|
|||
Total reclassifications for the period
|
$(50)
|
Net income
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
||||
|
June 30,
|
|
June 30,
|
|
|
||||
|
2018
|
|
2017 (2)
|
|
2018
|
|
2017 (2)
|
|
|
NONINTEREST INCOME
|
|
|
|
|
|
|
|
|
|
Wealth advisory fees
|
$1,544
|
|
$1,284
|
|
$3,049
|
|
$2,534
|
|
|
Investment brokerage fees
|
377
|
|
299
|
|
667
|
|
620
|
|
|
Service charges on deposit accounts
|
|
|
|
|
|
|
|
|
|
Service charges on commercial deposit acounts
|
2,410
|
|
1,900
|
|
4,713
|
|
3,698
|
|
|
Service charges on retail deposit acounts
|
212
|
|
220
|
|
441
|
|
453
|
|
|
Overdrafts, net
|
886
|
|
848
|
|
1,717
|
|
1,692
|
|
|
Other
|
292
|
|
285
|
|
557
|
|
553
|
|
|
Loan and service fees
|
|
|
|
|
|
|
|
|
|
Debit card interchange fees
|
1,524
|
|
1,195
|
|
2,944
|
|
2,300
|
|
|
Loan fees (1)
|
638
|
|
451
|
|
1,168
|
|
1,019
|
|
|
Other
|
259
|
|
251
|
|
486
|
|
471
|
|
|
Merchant card fee income
|
549
|
|
570
|
|
1,191
|
|
1,108
|
|
|
Bank owned life insurance income (1)
|
348
|
|
402
|
|
711
|
|
873
|
|
|
Other income
|
216
|
|
659
|
|
1,255
|
|
1,168
|
|
|
Mortgage banking income (1)
|
438
|
|
378
|
|
679
|
|
509
|
|
|
Net securities gains/(losses) (1)
|
0
|
|
49
|
|
(6)
|
|
52
|
|
|
Total noninterest income
|
$9,693
|
|
$8,791
|
|
$19,572
|
|
$17,050
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Not within scope of ASC 606
|
|
|
|
|
|
|
|
|
|
(2) The Company elected the modified retrospective approach of adoption; therefore, prior period balances are presented
|
|||||||||
under legacy GAAP and may not be comparable to current year presentation. As a result of this new standard, the only
|
|||||||||
revenue streams with changes in reporting in the current periods compared to the prior year comparable periods are loan
|
|||||||||
and service fees and other income.
|
|
|
|
|
|
|
|
|
|
· |
the length of time and the extent to which the market value has been less than amortized cost;
|
· |
the financial condition and near-term prospects of the issuer;
|
· |
the underlying fundamentals of the relevant market and the outlook for such market for the near future; and
|
· |
our intent and ability to hold the security for a period of time sufficient to allow for any anticipated recovery in market value.
|
Three Months Ended June 30,
|
Six Months Ended June 30,
|
||||||
(dollars in thousands)
|
2018
|
2017
|
2018
|
2017
|
|||
Income Statement Summary:
|
|||||||
Net interest income
|
$ 37,533
|
$ 33,819
|
$ 73,756
|
$ 65,880
|
|||
Provision for loan losses
|
1,700
|
500
|
5,000
|
700
|
|||
Noninterest income
|
9,693
|
8,791
|
19,572
|
17,050
|
|||
Noninterest expense
|
20,274
|
19,352
|
41,476
|
39,400
|
|||
Other Data:
|
|||||||
Efficiency ratio (1)
|
42.93%
|
45.42%
|
44.44%
|
47.51%
|
|||
Dilutive EPS
|
$ 0.78
|
$ 0.60
|
$ 1.50
|
$ 1.17
|
|||
Tangible capital ratio (2)
|
10.15%
|
10.19%
|
10.15%
|
10.19%
|
|||
Net charge-offs/(recoveries) to average loans
|
-0.04%
|
-0.03%
|
0.23%
|
-0.01%
|
|||
Net interest margin
|
3.42%
|
3.34%
|
3.39%
|
3.31%
|
|||
Noninterest income to total revenue
|
20.52%
|
20.63%
|
20.97%
|
20.56%
|
|||
Three Months Ended June 30,
|
Six Months Ended June 30,
|
||||||
(dollars in thousands)
|
2018
|
2017
|
2018
|
2017
|
|||
Total Equity
|
$486,484
|
$450,460
|
$486,484
|
$450,460
|
|||
Less: Goodwill
|
(4,970)
|
(4,970)
|
(4,970)
|
(4,970)
|
|||
Plus: Deferred tax assets related to goodwill
|
1,177
|
1,844
|
1,177
|
1,844
|
|||
Tangible Common Equity
|
482,691
|
447,334
|
482,691
|
447,334
|
|||
Total Assets
|
$4,760,869
|
$4,392,999
|
$4,760,869
|
$4,392,999
|
|||
Less: Goodwill
|
(4,970)
|
(4,970)
|
(4,970)
|
(4,970)
|
|||
Plus: Deferred tax assets related to goodwill
|
1,177
|
1,844
|
1,177
|
1,844
|
|||
Tangible Assets
|
4,757,076
|
4,389,873
|
4,757,076
|
4,389,873
|
|||
Tangible Common Equity/Tangible Assets
|
10.15%
|
10.19%
|
10.15%
|
10.19%
|
Six Months Ended June 30,
|
|||||||||||||
2018
|
2017
|
||||||||||||
Average
|
Interest
|
Yield (1)/
|
Average
|
Interest
|
Yield (1)/
|
||||||||
(fully tax equivalent basis, dollars in thousands)
|
Balance
|
Income
|
Rate
|
Balance
|
Income
|
Rate
|
|||||||
Earning Assets
|
|||||||||||||
Loans:
|
|||||||||||||
Taxable (2)(3)
|
$ 3,792,226
|
$ 86,233
|
4.59
|
%
|
$ 3,528,970
|
$ 71,414
|
4.08
|
%
|
|||||
Tax exempt (1)
|
23,586
|
526
|
4.50
|
19,025
|
459
|
4.87
|
|||||||
Investments: (1)
|
|||||||||||||
Available for sale
|
553,303
|
8,466
|
3.09
|
523,317
|
8,374
|
3.23
|
|||||||
Short-term investments
|
4,328
|
20
|
0.93
|
5,625
|
13
|
0.47
|
|||||||
Interest bearing deposits
|
61,481
|
468
|
1.54
|
28,372
|
89
|
0.63
|
|||||||
Total earning assets
|
$ 4,434,924
|
$ 95,713
|
4.35
|
%
|
$ 4,105,309
|
$ 80,349
|
3.95
|
%
|
|||||
Less: Allowance for loan losses
|
(46,839)
|
(44,035)
|
|||||||||||
Nonearning Assets
|
|||||||||||||
Cash and due from banks
|
138,713
|
105,044
|
|||||||||||
Premises and equipment
|
56,142
|
53,539
|
|||||||||||
Other nonearning assets
|
140,094
|
133,199
|
|||||||||||
Total assets
|
$ 4,723,034
|
$ 4,353,056
|
|||||||||||
Interest Bearing Liabilities
|
|||||||||||||
Savings deposits
|
$ 264,018
|
$ 176
|
0.13
|
%
|
$ 272,876
|
$ 203
|
0.15
|
%
|
|||||
Interest bearing checking accounts
|
1,510,378
|
7,987
|
1.07
|
1,393,730
|
4,339
|
0.63
|
|||||||
Time deposits:
|
|||||||||||||
In denominations under $100,000
|
259,777
|
1,794
|
1.39
|
238,131
|
1,370
|
1.16
|
|||||||
In denominations over $100,000
|
1,225,923
|
10,058
|
1.65
|
992,803
|
5,773
|
1.17
|
|||||||
Miscellaneous short-term borrowings
|
97,210
|
306
|
0.63
|
199,816
|
741
|
0.75
|
|||||||
Long-term borrowings and
|
|||||||||||||
subordinated debentures
|
30,931
|
786
|
5.12
|
30,959
|
642
|
4.18
|
|||||||
Total interest bearing liabilities
|
$ 3,388,237
|
$ 21,107
|
1.26
|
%
|
$ 3,128,315
|
$ 13,068
|
0.84
|
%
|
|||||
Noninterest Bearing Liabilities
|
|||||||||||||
Demand deposits
|
833,428
|
762,345
|
|||||||||||
Other liabilities
|
26,699
|
23,769
|
|||||||||||
Stockholders' Equity
|
474,670
|
438,627
|
|||||||||||
Total liabilities and stockholders' equity
|
$ 4,723,034
|
$ 4,353,056
|
|||||||||||
Interest Margin Recap
|
|||||||||||||
Interest income/average earning assets
|
95,713
|
4.35
|
80,349
|
3.95
|
|||||||||
Interest expense/average earning assets
|
21,107
|
0.96
|
13,068
|
0.64
|
|||||||||
Net interest income and margin
|
$ 74,606
|
3.39
|
%
|
$ 67,281
|
3.31
|
%
|
|||||||
(1)
|
Tax exempt income was converted to a fully taxable equivalent basis at a 21 percent tax rate for 2018 and a 35 percent tax rate for 2017. The tax equivalent rate for tax exempt loans and tax exempt securities acquired after January 1, 1983 included the Tax Equity and Fiscal Responsibility Act of 1982 ("TEFRA") adjustment applicable to nondeductible interest expenses. Taxable equivalent basis adjustments were $850,000 and $1.4 million in the six-month periods ended June 30, 2018 and 2017, respectively.
|
(2)
|
Loan fees, which are immaterial in relation to total taxable loan interest income for the six months ended June 30, 2018 and 2017, are included as taxable loan interest income.
|
(3)
|
Nonaccrual loans are included in the average balance of taxable loans.
|
Three Months Ended June 30,
|
|||||||||||||
2018
|
2017
|
||||||||||||
Average
|
Interest
|
Yield (1)/
|
Average
|
Interest
|
Yield (1)/
|
||||||||
(fully tax equivalent basis, dollars in thousands)
|
Balance
|
Income
|
Rate
|
Balance
|
Income
|
Rate
|
|||||||
Earning Assets
|
|||||||||||||
Loans:
|
|||||||||||||
Taxable (2)(3)
|
$3,816,879
|
$44,439
|
4.67
|
%
|
$3,566,504
|
$36,967
|
4.16
|
%
|
|||||
Tax exempt (1)
|
22,562
|
253
|
4.50
|
19,903
|
240
|
4.82
|
|||||||
Investments: (1)
|
|||||||||||||
Available for sale
|
560,484
|
4,347
|
3.11
|
531,262
|
4,291
|
3.24
|
|||||||
Short-term investments
|
4,079
|
11
|
1.08
|
6,124
|
8
|
0.52
|
|||||||
Interest bearing deposits
|
44,236
|
185
|
1.68
|
26,441
|
46
|
0.70
|
|||||||
Total earning assets
|
$4,448,240
|
$49,235
|
4.44
|
%
|
$4,150,234
|
$41,552
|
4.02
|
%
|
|||||
Less: Allowance for loan losses
|
(46,494)
|
(44,090)
|
|||||||||||
Nonearning Assets
|
|||||||||||||
Cash and due from banks
|
139,677
|
101,446
|
|||||||||||
Premises and equipment
|
56,093
|
54,341
|
|||||||||||
Other nonearning assets
|
141,647
|
133,564
|
|||||||||||
Total assets
|
$4,739,163
|
$4,395,495
|
|||||||||||
Interest Bearing Liabilities
|
|||||||||||||
Savings deposits
|
$259,989
|
$86
|
0.13
|
%
|
$274,645
|
$105
|
0.15
|
%
|
|||||
Interest bearing checking accounts
|
1,528,733
|
4,412
|
1.16
|
1,403,560
|
2,387
|
0.68
|
|||||||
Time deposits:
|
|||||||||||||
In denominations under $100,000
|
264,294
|
946
|
1.44
|
237,917
|
700
|
1.18
|
|||||||
In denominations over $100,000
|
1,213,792
|
5,204
|
1.72
|
1,009,964
|
3,051
|
1.21
|
|||||||
Miscellaneous short-term borrowings
|
111,402
|
195
|
0.70
|
214,520
|
431
|
0.81
|
|||||||
Long-term borrowings and
|
|||||||||||||
subordinated debentures
|
30,928
|
419
|
5.43
|
30,959
|
328
|
4.25
|
|||||||
Total interest bearing liabilities
|
$3,409,138
|
$11,262
|
1.33
|
%
|
$3,171,565
|
$7,002
|
0.89
|
%
|
|||||
Noninterest Bearing Liabilities
|
|||||||||||||
Demand deposits
|
825,337
|
756,262
|
|||||||||||
Other liabilities
|
25,397
|
22,381
|
|||||||||||
Stockholders' Equity
|
479,291
|
445,287
|
|||||||||||
Total liabilities and stockholders' equity
|
$4,739,163
|
$4,395,495
|
|||||||||||
Interest Margin Recap
|
|||||||||||||
Interest income/average earning assets
|
49,235
|
4.44
|
41,552
|
4.02
|
|||||||||
Interest expense/average earning assets
|
11,262
|
1.02
|
7,002
|
0.68
|
|||||||||
Net interest income and margin
|
$37,973
|
3.42
|
%
|
$34,550
|
3.34
|
%
|
(1)
|
Tax exempt income was converted to a fully taxable equivalent basis at a 21 percent tax rate for 2018 and a 35 percent tax rate for 2017. The tax equivalent rate for tax exempt loans and tax exempt securities acquired after January 1, 1983 included the TEFRA adjustment applicable to nondeductible interest expenses. Taxable equivalent basis adjustments were $440,000 and $731,000 in the three-month periods ended June 30, 2018 and 2017, respectively.
|
(2)
|
Loan fees, which are immaterial in relation to total taxable loan interest income for the three months ended June 30, 2018 and 2017, are included as taxable loan interest income.
|
(3)
|
Nonaccrual loans are included in the average balance of taxable loans.
|
Six Months Ended
|
||||||
June 30,
|
||||||
Percent
|
||||||
(dollars in thousands)
|
2018
|
|
2017
|
|
Change
|
|
Wealth advisory fees
|
$3,049
|
|
$2,534
|
|
20.3
|
%
|
Investment brokerage fees
|
667
|
|
620
|
|
7.6
|
|
Service charges on deposit accounts
|
7,428
|
|
6,396
|
|
16.1
|
|
Loan and service fees
|
4,598
|
|
3,790
|
|
21.3
|
|
Merchant card fee income
|
1,191
|
|
1,108
|
|
7.5
|
|
Bank owned life insurance
|
711
|
|
873
|
|
(18.6)
|
|
Other income
|
1,255
|
|
1,168
|
|
7.4
|
|
Mortgage banking income
|
679
|
|
509
|
|
33.4
|
|
Net securities gains (losses)
|
(6)
|
|
52
|
|
(111.5)
|
|
Total noninterest income
|
$19,572
|
|
$17,050
|
|
14.8
|
%
|
Noninterest income to total revenue
|
20.97%
|
20.56%
|
Three Months Ended
|
||||||
June 30,
|
||||||
Percent
|
||||||
(dollars in thousands)
|
2018
|
|
2017
|
|
Change
|
|
Wealth advisory fees
|
$1,544
|
|
$1,284
|
|
20.2
|
%
|
Investment brokerage fees
|
377
|
|
299
|
|
26.1
|
|
Service charges on deposit accounts
|
3,800
|
|
3,253
|
|
16.8
|
|
Loan and service fees
|
2,421
|
|
1,897
|
|
27.6
|
|
Merchant card fee income
|
549
|
|
570
|
|
(3.7)
|
|
Bank owned life insurance
|
348
|
|
402
|
|
(13.4)
|
|
Other income
|
216
|
|
659
|
|
(67.2)
|
|
Mortgage banking income
|
438
|
|
378
|
|
15.9
|
|
Net securities gains (losses)
|
0
|
|
49
|
|
NA
|
|
Total noninterest income
|
$9,693
|
|
$8,791
|
|
10.3
|
%
|
Noninterest income to total revenue
|
20.52%
|
20.63%
|
Six Months Ended
|
||||||
June 30,
|
||||||
Percent
|
||||||
(dollars in thousands)
|
2018
|
|
2017
|
|
Change
|
|
Salaries and employee benefits
|
$23,512
|
|
$22,384
|
|
5.0
|
%
|
Net occupancy expense
|
2,663
|
|
2,274
|
|
17.1
|
|
Equipment costs
|
2,524
|
|
2,231
|
|
13.1
|
|
Data processing fees and supplies
|
4,803
|
|
3,990
|
|
20.4
|
|
Corporate and business development
|
2,179
|
|
2,698
|
|
(19.2)
|
|
FDIC insurance and other regulatory fees
|
870
|
|
853
|
|
2.0
|
|
Professional fees
|
1,782
|
|
1,755
|
|
1.5
|
|
Other expense
|
3,143
|
|
3,215
|
|
(2.2)
|
|
Total noninterest expense
|
$41,476
|
|
$39,400
|
|
5.3
|
%
|
Three Months Ended
|
||||||
June 30,
|
||||||
Percent
|
||||||
(dollars in thousands)
|
2018
|
|
2017
|
|
Change
|
|
Salaries and employee benefits
|
$11,493
|
|
$11,014
|
|
4.3
|
%
|
Net occupancy expense
|
1,237
|
|
1,154
|
|
7.2
|
|
Equipment costs
|
1,250
|
|
1,156
|
|
8.1
|
|
Data processing fees and supplies
|
2,290
|
|
1,974
|
|
16.0
|
|
Corporate and business development
|
1,046
|
|
1,196
|
|
(12.5)
|
|
FDIC insurance and other regulatory fees
|
409
|
|
419
|
|
(2.4)
|
|
Professional fees
|
910
|
|
801
|
|
13.6
|
|
Other expense
|
1,639
|
|
1,638
|
|
0.1
|
|
Total noninterest expense
|
$20,274
|
|
$19,352
|
|
4.8
|
%
|
June 30, 2018
|
December 31, 2017
|
||||||
Amortized
|
Fair
|
Amortized
|
Fair
|
||||
(dollars in thousands)
|
Cost
|
Value
|
Cost
|
Value
|
|||
U.S. Treasury securities
|
$992
|
$979
|
$992
|
$997
|
|||
U.S. government sponsored agencies
|
4,894
|
4,763
|
5,191
|
5,122
|
|||
Mortgage-backed securities: residential
|
338,057
|
330,781
|
314,650
|
313,774
|
|||
Mortgage-backed securities: commercial
|
34,890
|
34,134
|
44,208
|
44,211
|
|||
State and municipal securities
|
194,573
|
192,570
|
172,375
|
174,389
|
|||
Total
|
$573,406
|
$563,227
|
$537,416
|
$538,493
|
Current
|
|||||||
June 30,
|
December 31,
|
Period
|
|||||
(dollars in thousands)
|
2018
|
2017
|
Change
|
||||
Commercial and industrial loans
|
$1,472,028
|
38.1
|
%
|
$1,418,681
|
37.1
|
%
|
$53,347
|
Commercial real estate and multi-family residential loans
|
1,510,310
|
39.1
|
1,444,913
|
37.8
|
65,397
|
||
Agri-business and agricultural loans
|
304,222
|
7.9
|
382,841
|
10.0
|
(78,619)
|
||
Other commercial loans
|
120,541
|
3.1
|
124,076
|
3.3
|
(3,535)
|
||
Consumer 1-4 family mortgage loans
|
372,947
|
9.7
|
374,645
|
9.8
|
(1,698)
|
||
Other consumer loans
|
80,097
|
2.1
|
74,369
|
2.0
|
5,728
|
||
Subtotal
|
3,860,145
|
100.0
|
%
|
3,819,525
|
100.0
|
%
|
40,620
|
Less: Allowance for loan losses
|
(47,706)
|
(47,121)
|
(585)
|
||||
Net deferred loan fees
|
(1,432)
|
(1,066)
|
(366)
|
||||
Loans, net
|
$3,811,007
|
$3,771,338
|
$39,669
|
June 30,
|
December 31,
|
||
(dollars in thousands)
|
2018
|
2017
|
|
Nonaccrual loans including nonaccrual troubled debt restructured loans
|
$12,773
|
$9,401
|
|
Loans past due over 90 days and still accruing
|
0
|
6
|
|
Total nonperforming loans
|
$12,773
|
$9,407
|
|
Other real estate owned
|
10
|
40
|
|
Repossessions
|
108
|
55
|
|
Total nonperforming assets
|
$12,891
|
$9,502
|
|
Impaired loans including troubled debt restructurings
|
$16,931
|
$13,869
|
|
Nonperforming loans to total loans
|
0.33%
|
0.25%
|
|
Nonperforming assets to total assets
|
0.27%
|
0.20%
|
|
Performing troubled debt restructured loans
|
$3,402
|
$2,893
|
|
Nonperforming troubled debt restructured loans (included in nonaccrual loans)
|
7,666
|
7,750
|
|
Total troubled debt restructured loans
|
$11,068
|
$10,643
|
Six months ended June 30,
|
||||||||
2018
|
2017
|
|||||||
(dollars in thousands)
|
Balance
|
Rate
|
Balance
|
Rate
|
||||
Noninterest bearing demand deposits
|
$833,428
|
0.00
|
%
|
$762,345
|
0.00
|
%
|
||
Savings and transaction accounts:
|
||||||||
Savings deposits
|
264,018
|
0.13
|
272,876
|
0.15
|
||||
Interest bearing demand deposits
|
1,510,378
|
1.07
|
1,393,730
|
0.63
|
||||
Time deposits:
|
||||||||
Deposits of $100,000 or more
|
1,225,923
|
1.65
|
992,803
|
1.17
|
||||
Other time deposits
|
259,777
|
1.39
|
230,131
|
1.20
|
||||
Total deposits
|
$4,093,524
|
0.99
|
%
|
$3,651,885
|
0.65
|
%
|
||
FHLB advances and other borrowings
|
128,141
|
1.72
|
230,775
|
1.21
|
||||
Total funding sources
|
$4,221,665
|
1.01
|
%
|
$3,882,660
|
0.68
|
%
|
Current
|
||||||
June 30,
|
December 31,
|
Period
|
||||
(dollars in thousands)
|
2018
|
2017
|
Change
|
|||
Retail
|
$1,536,444
|
$1,506,738
|
$29,706
|
|||
Commercial
|
951,250
|
969,292
|
(18,042)
|
|||
Public funds
|
1,224,201
|
1,263,649
|
(39,448)
|
|||
Core deposits
|
$3,711,895
|
$3,739,679
|
$(27,784)
|
|||
Brokered deposits
|
223,058
|
268,976
|
(45,918)
|
|||
Total deposits
|
$3,934,953
|
$4,008,655
|
$(73,702)
|
Minimum Required to
|
|||||||||||||||
Minimum Required
|
For Capital Adequacy
|
Be Well Capitalized
|
|||||||||||||
For Capital
|
Purposes Plus Capital
|
Under Prompt Corrective
|
|||||||||||||
Actual
|
Adequacy Purposes
|
Conservation Buffer
|
Action Regulations
|
||||||||||||
(dollars in thousands)
|
Amount
|
Ratio
|
Amount
|
Ratio
|
Amount
|
Ratio
|
Amount
|
Ratio
|
|||||||
As of June 30, 2018:
|
|||||||||||||||
Total Capital (to Risk
|
|||||||||||||||
Weighted Assets)
|
|||||||||||||||
Consolidated
|
$568,929
|
13.76%
|
$330,732
|
8.00%
|
$408,248
|
9.875%
|
$413,415
|
10.00%
|
|||||||
Bank
|
$551,057
|
13.36%
|
$330,076
|
8.00%
|
$407,438
|
9.875%
|
$412,595
|
10.00%
|
|||||||
Tier I Capital (to Risk
|
|||||||||||||||
Weighted Assets)
|
|||||||||||||||
Consolidated
|
$521,134
|
12.61%
|
$248,049
|
6.00%
|
$325,565
|
7.875%
|
$330,732
|
8.00%
|
|||||||
Bank
|
$503,262
|
12.20%
|
$247,557
|
6.00%
|
$324,919
|
7.875%
|
$330,076
|
8.00%
|
|||||||
Common Equity Tier 1 (CET1)
|
|||||||||||||||
Consolidated
|
$491,134
|
11.88%
|
$186,037
|
4.50%
|
$263,552
|
6.375%
|
$268,720
|
6.50%
|
|||||||
Bank
|
$503,262
|
12.20%
|
$185,668
|
4.50%
|
$263,029
|
6.375%
|
$268,186
|
6.50%
|
|||||||
Tier I Capital (to Average Assets)
|
|||||||||||||||
Consolidated
|
$521,134
|
11.01%
|
$189,368
|
4.00%
|
$189,368
|
4.00%
|
$236,710
|
5.00%
|
|||||||
Bank
|
$503,262
|
10.64%
|
$189,168
|
4.00%
|
$189,168
|
4.00%
|
$236,460
|
5.00%
|
|||||||
As of December 31, 2017:
|
|||||||||||||||
Total Capital (to Risk
|
|||||||||||||||
Weighted Assets)
|
|||||||||||||||
Consolidated
|
$541,475
|
13.26%
|
$326,782
|
8.00%
|
$377,842
|
9.250%
|
$408,478
|
10.00%
|
|||||||
Bank
|
$525,482
|
12.89%
|
$326,140
|
8.00%
|
$377,099
|
9.250%
|
$407,675
|
10.00%
|
|||||||
Tier I Capital (to Risk
|
|||||||||||||||
Weighted Assets)
|
|||||||||||||||
Consolidated
|
$494,265
|
12.10%
|
$245,087
|
6.00%
|
$296,147
|
7.250%
|
$326,782
|
8.00%
|
|||||||
Bank
|
$478,272
|
11.73%
|
$244,605
|
6.00%
|
$295,564
|
7.250%
|
$326,140
|
8.00%
|
|||||||
Common Equity Tier 1 (CET1)
|
|||||||||||||||
Consolidated
|
$464,265
|
11.37%
|
$183,815
|
4.50%
|
$234,875
|
5.750%
|
$265,511
|
6.50%
|
|||||||
Bank
|
$478,272
|
11.73%
|
$183,454
|
4.50%
|
$234,413
|
5.750%
|
$264,988
|
6.50%
|
|||||||
Tier I Capital (to Average Assets)
|
|||||||||||||||
Consolidated
|
$494,265
|
10.76%
|
$183,793
|
4.00%
|
$183,793
|
4.00%
|
$229,741
|
5.00%
|
|||||||
Bank
|
$478,272
|
10.44%
|
$183,187
|
4.00%
|
$183,187
|
4.00%
|
$228,984
|
5.00%
|
· |
the effects of future economic, trade, business and market conditions and changes, both domestic and foreign, including the effects of federal trade policies;
|
· |
governmental monetary and fiscal policies;
|
· |
the timing and scope of any legislative and regulatory changes, including changes in banking, securities and tax laws and regulations and their application by our regulators;
|
· |
the risks of changes in interest rates on the levels, composition and costs of deposits, loan demand, and the values and liquidity of loan collateral, securities and other interest sensitive assets and liabilities;
|
· |
changes in borrowers' credit risks and payment behaviors;
|
· |
changes in the availability and cost of credit and capital in the financial markets;
|
· |
the effects of disruption and volatility in capital markets on the value of our investment portfolio;
|
· |
cyber-security risks and or cyber-security damage that could result from attacks on the Company's or third party service providers networks or data of the Company;
|
· |
changes in the prices, values and sales volumes of residential and commercial real estate;
|
· |
the effects of competition from a wide variety of local, regional, national and other providers of financial, investment and insurance services;
|
· |
changes in technology or products that may be more difficult or costly, or less effective than anticipated;
|
· |
the effects of war or other conflicts, acts of terrorism or other catastrophic events, including storms, droughts, tornados and flooding, that may affect general economic conditions, including agricultural production and demand and prices for agricultural goods and land used for agricultural purposes, generally and in our markets;
|
· |
the failure of assumptions and estimates used in our reviews of our loan portfolio, underlying the establishment of reserves for possible loan losses, our analysis of our capital position and other estimates;
|
· |
changes in the scope and cost of FDIC insurance, the state of Indiana's Public Deposit Insurance Fund and other coverages;
|
· |
the effects of the Tax Cuts and Jobs Act of 2017, including any effects on the housing market, and on the demand for home equity loans and other loan products that we offer;
|
· |
changes in accounting policies, rules and practices; and
|
· |
the risks of mergers, acquisitions and divestitures, including, without limitation, the related time and costs of implementing such transactions, integrating operations as part of these transactions and possible failures to achieve expected gains, revenue growth and/or expense savings from such transactions.
|
Falling
|
Rising
|
Rising
|
Rising
|
Rising
|
Rising
|
|||||||||
(dollars in thousands)
|
Base
|
(100 Basis Points)
|
(25 Basis Points)
|
(50 Basis Points)
|
(100 Basis Points)
|
(200 Basis Points)
|
(300 Basis Points)
|
|||||||
Net interest income
|
$158,241
|
$145,907
|
$160,645
|
$163,093
|
$167,947
|
$177,565
|
$187,129
|
|||||||
Variance from Base
|
($12,334)
|
$2,404
|
$4,852
|
$9,706
|
$19,324
|
$28,888
|
||||||||
Percent of change from Base
|
-7.79
|
%
|
1.52
|
%
|
3.07
|
%
|
6.13
|
%
|
12.21
|
%
|
18.26
|
%
|
ISSUER PURCHASES OF EQUITY SECURITIES
|
|||||||
Maximum Number (or
|
|||||||
Total Number of
|
Appropriate Dollar
|
||||||
Shares Purchased as
|
Value) of Shares that
|
||||||
Part of Publicly
|
May Yet Be Purchased
|
||||||
Total Number of
|
Average Price
|
Announced Plans or
|
Under the Plans or
|
||||
Period
|
Shares Purchased
|
|
Paid per Share
|
|
Programs
|
|
Programs
|
April 1-30
|
0
|
$ 0
|
0
|
$ 0
|
|||
May 1-31
|
904
|
48.15
|
0
|
0
|
|||
June 1-30
|
0
|
|
0
|
|
0
|
|
0
|
Total
|
904
|
$ 48.15
|
0
|
$ 0
|
|||
(a)
|
The shares purchased during the periods were credited to the deferred share accounts of
|
non-employee directors under the Company's directors' deferred compensation plan. These
shares were purchased in the ordinary course of business and consistent with past practice.
|
101
|
Interactive Data File
|
Interactive data files pursuant to Rule 405 of Regulation S-T: (i) Consolidated Balance Sheets as of June 30, 2018 and December 31, 2017; (ii) Consolidated Statements of Income for the three months and six months ended June 30, 2018 and June 30, 2017; (iii) Consolidated Statements of Comprehensive Income for the three months and six months ended June 30, 2018 and June 30, 2017; (iv) Consolidated Statements of Changes in Stockholders' Equity for the six months ended June 30, 2018 and June 30, 2017; (v) Consolidated Statements of Cash Flows for the six months ended June 30, 2018 and June 30, 2017; and (vi) Notes to Unaudited Consolidated Financial Statements.
|
|
Date: August 3, 2018
|
/s/ David M. Findlay
|
David M. Findlay – President and
|
|
Chief Executive Officer
|
Date: August 3, 2018
|
/s/ Lisa M. O'Neill
|
Lisa M. O'Neill – Executive Vice President and
|
|
Chief Financial Officer
|
|
(principal financial officer)
|
Date: August 3, 2018
|
/s/ Sarah J. Earls
|
Sarah J. Earls – Senior Vice President and Controller
|
|
(principal accounting officer)
|
2. |
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3. |
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
|
4. |
The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
a) |
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
b) |
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purpose in accordance with generally accepted accounting principles;
|
c) |
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation; and
|
d) |
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting, and;
|
5. |
The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent function):
|
a) |
All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
|
b) |
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
|
Date: August 3, 2018
|
/s/David M. Findlay
|
David M. Findlay
|
|
Chief Executive Officer
|
2. |
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
|
3. |
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
|
4. |
The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
|
a) |
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
b) |
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purpose in accordance with generally accepted accounting principles;
|
c) |
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of the end of the period covered by this report based on such evaluation; and
|
d) |
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting, and;
|
5. |
The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent function):
|
a) |
All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
|
b) |
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
|
Date: August 3, 2018
|
/s/ Lisa M. O'Neill
|
Lisa M. O'Neill
|
|
Chief Financial Officer
|
Document And Entity Information - shares |
6 Months Ended | |
---|---|---|
Jun. 30, 2018 |
Jul. 31, 2018 |
|
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2018 | |
Document Fiscal Year Focus | 2018 | |
Document Fiscal Period Focus | Q2 | |
Entity Registrant Name | LAKELAND FINANCIAL CORP | |
Entity Central Index Key | 0000721994 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Trading Symbol | LKFN | |
Entity Common Stock, Shares Outstanding | 25,301,732 |
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands |
Jun. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Valuation allowance | $ 47,706 | $ 47,121 |
Common stock, shares authorized (in shares) | 90,000,000 | 90,000,000 |
Common stock, no par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares issued (in shares) | 25,294,582 | 25,194,903 |
Common stock, shares outstanding (in shares) | 25,126,537 | 25,025,933 |
Treasury stock, at cost | 168,045 | 168,970 |
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
||||||||
Interest and fees on loans | |||||||||||
Taxable | $ 44,439 | $ 36,967 | $ 86,233 | $ 71,414 | |||||||
Tax exempt | 202 | 162 | 419 | 312 | |||||||
Interest and dividends on securities | |||||||||||
Taxable | 2,492 | 2,364 | 4,926 | 4,684 | |||||||
Tax exempt | 1,466 | 1,274 | 2,797 | 2,436 | |||||||
Other interest income | 196 | 54 | 488 | 102 | |||||||
Total interest income | 48,795 | 40,821 | 94,863 | 78,948 | |||||||
Interest on deposits | 10,648 | 6,243 | 20,015 | 11,685 | |||||||
Interest on borrowings | |||||||||||
Short-term | 195 | 431 | 306 | 741 | |||||||
Long-term | 419 | 328 | 786 | 642 | |||||||
Total interest expense | 11,262 | 7,002 | 21,107 | 13,068 | |||||||
NET INTEREST INCOME | 37,533 | 33,819 | 73,756 | 65,880 | |||||||
Provision for loan losses | 1,700 | 500 | 5,000 | 700 | |||||||
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 35,833 | 33,319 | 68,756 | 65,180 | |||||||
NONINTEREST INCOME | |||||||||||
Wealth advisory fees | 1,544 | 1,284 | [1] | 3,049 | 2,534 | [1] | |||||
Investment brokerage fees | 377 | 299 | [1] | 667 | 620 | [1] | |||||
Service charges on deposit accounts | 3,800 | 3,253 | 7,428 | 6,396 | |||||||
Loan and service fees | 2,421 | 1,897 | 4,598 | 3,790 | |||||||
Merchant card fee income | 549 | 570 | [1] | 1,191 | 1,108 | [1] | |||||
Bank owned life insurance income | [2] | 348 | 402 | [1] | 711 | 873 | [1] | ||||
Other income | 216 | 659 | [1] | 1,255 | 1,168 | [1] | |||||
Mortgage banking income | [2] | 438 | 378 | [1] | 679 | 509 | [1] | ||||
Net securities gains/(losses) | [2] | 0 | 49 | [1] | (6) | 52 | [1] | ||||
Total noninterest income | 9,693 | 8,791 | [1] | 19,572 | 17,050 | [1] | |||||
NONINTEREST EXPENSE | |||||||||||
Salaries and employee benefits | 11,493 | 11,014 | 23,512 | 22,384 | |||||||
Net occupancy expense | 1,237 | 1,154 | 2,663 | 2,274 | |||||||
Equipment costs | 1,250 | 1,156 | 2,524 | 2,231 | |||||||
Data processing fees and supplies | 2,290 | 1,974 | 4,803 | 3,990 | |||||||
Corporate and business development | 1,046 | 1,196 | 2,179 | 2,698 | |||||||
FDIC insurance and other regulatory fees | 409 | 419 | 870 | 853 | |||||||
Professional fees | 910 | 801 | 1,782 | 1,755 | |||||||
Other expense | 1,639 | 1,638 | 3,143 | 3,215 | |||||||
Total noninterest expense | 20,274 | 19,352 | 41,476 | 39,400 | |||||||
INCOME BEFORE INCOME TAX EXPENSE | 25,252 | 22,758 | 46,852 | 42,830 | |||||||
Income tax expense | 5,110 | 7,394 | 8,374 | 12,952 | |||||||
NET INCOME | $ 20,142 | $ 15,364 | $ 38,478 | $ 29,878 | |||||||
BASIC WEIGHTED AVERAGE COMMON SHARES | 25,293,329 | 25,183,186 | 25,275,471 | 25,167,799 | |||||||
BASIC EARNINGS PER COMMON SHARE | $ 0.8 | $ 0.61 | $ 1.52 | $ 1.19 | |||||||
DILUTED WEIGHTED AVERAGE COMMON SHARES | 25,709,216 | 25,619,977 | 25,704,505 | 25,618,552 | |||||||
DILUTED EARNINGS PER COMMON SHARE | $ 0.78 | $ 0.6 | $ 1.5 | $ 1.17 | |||||||
|
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
|
Net income | $ 20,142 | $ 15,364 | $ 38,478 | $ 29,878 |
Change in securities available for sale: | ||||
Unrealized holding gain (loss) on securities available for sale arising during the period | (2,242) | 3,358 | (11,402) | 4,070 |
Reclassification adjustment for gains included in net income | 0 | (49) | 6 | (52) |
Net securities gain (loss) activity during the period | (2,242) | 3,309 | (11,396) | 4,018 |
Tax effect | 471 | (1,079) | 2,499 | (1,343) |
Net of tax amount | (1,771) | 2,230 | (8,897) | 2,675 |
Defined benefit pension plans: | ||||
Amortization of net actuarial loss | 67 | 67 | 133 | 133 |
Tax effect | (18) | (26) | (35) | (52) |
Net of tax amount | 49 | 41 | 98 | 81 |
Total other comprehensive income (loss), net of tax | (1,722) | 2,271 | (8,799) | 2,756 |
Comprehensive income | $ 18,420 | $ 17,635 | $ 29,679 | $ 32,634 |
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares |
6 Months Ended | |
---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
|
Common Stock, Dividends, Per Share, Declared | $ 0.48 | $ 0.41 |
BASIS OF PRESENTATION |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
BASIS OF PRESENTATION | NOTE 1. BASIS OF PRESENTATION This report is filed for Lakeland Financial Corporation (the "Company") and its wholly owned subsidiaries, Lake City Bank (the "Bank") and LCB Risk Management, a captive insurance company. Also included in this report is the Bank's wholly owned subsidiary, LCB Investments II, Inc. ("LCB Investments"), which manages the Bank's investment portfolio. LCB Investments also owns LCB Funding, Inc. ("LCB Funding"), a real estate investment trust. All significant inter-company balances and transactions have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the instructions for Form 10-Q. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and are unaudited. In the opinion of management, all adjustments (all of which are normal and recurring in nature) considered necessary for a fair presentation have been included. Operating results for the three-month and six-month periods ended June 30, 2018 are not necessarily indicative of the results that may be expected for any subsequent reporting periods, including the year ending December 31, 2018. The Company's 2017 Annual Report on Form 10-K should be read in conjunction with these statements. Adoption of New Accounting Standards The Company accounts for revenue in accordance with ASU No. 2014-09, "Revenue from Contracts with Customers" and all the subsequent amendments to the ASU (collectively "ASC 606"), which the Company adopted on January 1, 2018, using the modified retrospective approach. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the accounting standards in effect for the prior period. We recorded a net increase to opening retained earnings of $24,000 as of January 1, 2018 due to the cumulative impact of adopting ASC 606. Revenue is split between net interest income and noninterest income at a ratio of approximately 80% to 20%, respectively. The scope of the guidance explicitly excludes net interest income as well as many other revenues for financial assets and liabilities including loans, leases, securities, and derivatives. The Company's services that fall within ASC 606 are presented in noninterest income and are recognized as revenue as the Company satisfies its obligation to the customer. The majority of the Company's revenue is from the business of banking and the Company's assigned regions have similar economic characteristics, products, services and customers. Accordingly, all of the Company's operations are considered by management to be aggregated in one reportable operating segment. The income statement impact of adopting ASC 606 for the three- and six-month periods ended June 30, 2018 is outlined below:
In January 2016, the Financial Accounting Standards Board (the "FASB") amended existing accounting guidance related to the recognition and measurement of financial assets and financial liabilities. These amendments make targeted improvements to U.S. GAAP as follows: (1) Require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. (2) Simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. (3) Eliminate the requirement to disclose the fair value of financial instruments measured at amortized cost for entities that are not public business entities. (4) Eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. (5) Require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. (6) Require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. (7) Require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivable) on the balance sheet or the accompanying notes to the financial statements. (8) Clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity's other deferred tax assets. This guidance was effective beginning January 1, 2018. Adopting this standard resulted in a credit to retained earnings for the reclassification in the amount of $68,000. In August 2016, the FASB issued guidance related to the classification of certain cash receipts and cash payments in the statement of cash flow. This standard provides cash flow statement classification guidance for certain transactions including how the predominance principle should be applied when cash receipts and cash payments have aspects of more than one class of cash flows. This guidance was effective beginning January 1, 2018. Adopting this standard did not have a significant impact on the Company's financial condition or results of operations. In March 2017, the FASB issued ASU No. 2017-07, "Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost." Under the new guidance, employers will present the service cost component of the net periodic benefit cost in the same income statement line item as other employee compensation costs arising from services rendered during the period. In addition, only the service cost component will be eligible for capitalization in assets. Employers will present the other components separately from the line item that includes the service cost. The guidance was effective beginning January 1, 2018. As a result of the applicable plans being frozen April 1, 2000, there was no service cost recognized for the six-month periods ending June 30, 2018 and 2017. All other components of cost were recorded in other expense under noninterest expenses on the Consolidated Statements of Income for all periods presented. Adopting this standard did not have a significant impact on the Company's financial condition or results of operations. In February 2018, the FASB issued ASU No. 2018-02, "Income Statement Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income." The ASU required a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the newly enacted federal corporate income tax rate as a result of the Tax Cuts and Jobs Act of 2017. The amount reclassified was the difference between the historical corporate income tax rate and the newly 21% federal corporate income tax rate. The new guidance is effective for fiscal years beginning after December 15, 2018, and early adoption is permitted. The Company elected to early adopt the guidance during the first quarter of 2018, and recorded a credit to retained earnings for the reclassification in the amount of $173,000 during the first quarter. Newly Issued But Not Yet Effective Accounting Standards In February 2016, the FASB issued new accounting guidance related to leases. This update, effective for the Company beginning January 1, 2019, will replace existing lease guidance in GAAP and will require lessees to recognize lease assets and lease liabilities on the balance sheet for all leases and disclose key information about leasing arrangements. When implemented, lessees and lessors will be required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company currently has approximately $5.2 million of lease obligations that would come on balance sheet as both assets and liabilities upon adoption of this accounting standard. In June 2016, the FASB issued guidance related to credit losses on financial instruments. This update will change the accounting for credit losses on loans and debt securities. The measurement of expected credit losses is to be based on information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. For loans, this measurement will take place at the time the financial asset is first added to the balance sheet and periodically thereafter. This differs significantly from the "incurred loss" model required under current GAAP, which delays recognition until it is probable a loss has been incurred. In addition, the guidance will modify the other-than-temporary impairment model for available-for-sale debt securities to require an allowance for credit impairment instead of a direct write-down, which will allow for reversal of credit impairments in future periods. This guidance is effective for public business entities that meet the definition of an SEC filer for fiscal years beginning after December 15, 2019, including interim periods in those fiscal years. The Company has formed a cross-functional committee that has evaluated existing technology and other solutions for calculating losses under this new standard, selected a vendor to validate data currently loaded in the technology solution selected, and reviewed the validation assessment report. The committee is currently evaluating the various methods available for calculating the credit losses, including but not limited to discounted cash flows, migration, and vintage. Management expects to recognize credit losses earlier upon adoption of this accounting standard and the expected credit loss model than it has historically done under the current incurred credit loss model and is evaluating the impact of adopting this new accounting standard on our financial statements. In January 2017, the FASB issued ASU No. 2017-04 "Intangibles - Goodwill and Other - Simplifying the Test for Goodwill Impairment." These amendments eliminate Step 2 from the goodwill impairment test. The amendments also eliminate the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The guidance is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. ASU 2017-04 should be adopted on a prospective basis. Management does not expect the adoption of this new accounting standard to have a material impact on our financial statements. In March 2017, the FASB issued ASU No. 2017-08, "ReceivablesNonrefundable Fees and Other Costs: Premium Amortization on Purchased Callable Debt Securities." This update amends the amortization period for certain purchased callable debt securities held at a premium. FASB is shortening the amortization period for the premium to the earliest call date. Under current GAAP, entities generally amortize the premium as an adjustment of yield over the contractual life of the instrument. Concerns were raised that current GAAP excludes certain callable debt securities from consideration of early repayment of principal even if the holder is certain that the call will be exercised. As a result, upon the exercise of a call on a callable debt security held at a premium, the unamortized premium is recorded as a loss in earnings. There is diversity in practice (1) in the amortization period for premiums of callable debt securities and (2) in how the potential for exercise of a call is factored into current impairment assessments. The amendments in this update become effective for annual periods and interim periods within those annual periods beginning after December 15, 2018. Management is evaluating the impact of adopting the new guidance on our consolidated financial statements on a quarterly basis, and plans to adopt on January 1, 2019. The Company estimates the impact of this standard as of June 30, 2018, would be a reduction to retained earnings of approximately $840,000, net of tax, to reflect the acceleration of amortization of premiums on debt securities. In August 2017, the FASB issued ASU 2017-12, "Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities". The purpose of this updated guidance is to better align a company's financial reporting for hedging activities with the economic objectives of those activities. ASU 2017-12 is effective for public business entities for fiscal years beginning after December 15, 2018, with early adoption, including adoption in an interim period, permitted. The Company plans to adopt ASU 2017-12 on January 1, 2019. ASU 2017-12 requires a modified retrospective transition method in which the Company will recognize the cumulative effect of the change on the opening balance of each affected component of equity in the statement of financial position as of the date of adoption. While the Company continues to assess all potential impacts of the standard, we currently expect adoption to have an immaterial impact on our consolidated financial statements. Reclassifications Certain amounts appearing in the financial statements and notes thereto for prior periods have been reclassified to conform with the current presentation. The reclassifications had no effect on net income or stockholders' equity as previously reported. |
SECURITIES |
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Securities [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SECURITIES | NOTE 2. SECURITIES Information related to the fair
Information regarding the fair value and amortized cost of available for sale debt securities by maturity as of June 30, 2018 is presented below. Maturity information is based on contractual maturity for all securities other than mortgage-backed securities. Actual maturities of securities may differ from contractual maturities because borrowers may have the right to prepay the obligation without a prepayment penalty.
Securities proceeds, gross gains and gross losses are presented below.
The Company sold 22 securities with a total book value and a total fair value of $12.3 million during the first six months of 2018. The Company sold eight securities with a total book value and a total fair value of $19.0 million during the second quarter of 2017. The Company sold 35 securities with a total book value and a total fair value of $35.8 million during the first six months of 2017. No sales occurred during the second quarter of 2018. Purchase premiums or discounts are recognized in interest income using the interest method over the terms of the securities or over the estimated lives of mortgage-backed securities. Gains and losses on sales are based on the amortized cost of the security sold and recorded on the trade date. Securities with carrying values of $189.3 million and $171.1 million were pledged as of June 30, 2018 and December 31, 2017, respectively, as collateral for securities sold under agreements to repurchase, borrowings from the Federal Home Loan Bank and for other purposes as permitted or required by law. Information regarding securities with unrealized losses as of June 30, 2018 and December 31, 2017 is presented below. The tables divide the securities between those with unrealized losses for less than twelve months and those with unrealized losses for twelve months or more.
The total number of securities with unrealized losses as of June 30, 2018 and December 31, 2017 is presented below.
The following factors are considered in determining whether or not the impairment of these securities is other-than-temporary. In making this determination, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer, as well as the underlying fundamentals of the relevant market and the outlook for such market in the near future. Management also assesses whether it intends to sell, or it is more likely than not that it will be required to sell, a security in an unrealized loss position before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1) OTTI related to credit loss, which must be recognized in the income statement and 2) OTTI related to other factors, which is recognized in other comprehensive income. Credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost basis. As of June 30, 2018 and December 31, 2017, all of the securities in the Company's portfolio were backed by the U.S. government, government agencies, government sponsored entities or were A-rated or better, except for certain non-local or local municipal securities, which are not rated. For the government, government agency, government-sponsored entity and municipal securities, management did not believe that there would be credit losses or that full principal would not be received. Management considers the unrealized losses on these securities to be primarily interest rate driven and does not expect material losses given current market conditions unless the securities are sold. However, at this time management does not have the intent to sell, and it is more likely than not that the Company will not be required to sell these securities before the recovery of their amortized cost basis. |
LOANS |
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Loans [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
LOANS | NOTE 3. LOANS
The recorded investment in loans does not include accrued interest. The Company had $258,000 in residential real estate loans in the process of foreclosure as of June 30, 2018, compared to $47,000 as of December 31, 2017. |
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY |
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Loans [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY | The following tables present the activity in the allowance for loan losses by portfolio segment for the three-month periods ended June 30, 2018 and 2017:
The following tables present the activity in the allowance for loan losses by portfolio segment for the six-month periods ended June 30, 2018 and 2017:
The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2018 and December 31, 2017:
The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2017:
The following table presents loans individually evaluated for impairment by class of loans as of and for the three-month period ended June 30, 2018:
The following table presents loans individually evaluated for impairment by class of loans as of and for the three-month period ended June 30, 2017:
The following table presents loans individually evaluated for impairment by class of loans as of and for the six-month period ended June 30, 2018:
The following table presents loans individually evaluated for impairment by class of loans as of and for the six-month period ended June 30, 2017:
The following table presents the ageing of the recorded investment in past due loans as of December 31, 2017 by class of loans:
Troubled Debt Restructurings: Troubled debt restructured loans are included in the totals for impaired loans. The Company has allocated $2.1 million and $2.3 million of specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of June 30, 2018 and December 31, 2017, respectively. The Company is not committed to lend additional funds to debtors whose loans have been modified in a troubled debt restructuring.
During the three months ended June 30, 2018, one commercial and industrial loan was modified as a troubled debt restructuring due to receiving inadequate compensation for the terms of the restructure and is included in the tables below. Additional concessions were granted to borrowers with previously identified troubled debt restructured loans during the three-month period ended June 30, 2018. The loan to one of the borrowers is for a commercial real estate building where the collateral value and cash flows from the company occupying the building do not support the loan with a recorded investment of $107,000. The loan to another one of the borrowers is for a vacant commercial real estate building that does not generate cash flow to support the loan with a recorded investment of $875,000. The other loans are to a borrower for an investment in land for residential development which has not had sales activity to support loans with a recorded investment of $484,000. These concessions are not included in table below. During the three months ended March 31, 2018, certain loans were modified as troubled debt restructurings. The modified terms of these loans include one or a combination of the following: inadequate compensation for the terms of the restructure or renewal; a modification of the repayment terms which delays principal repayment for some period; or renewal terms offered to borrowers in financial distress where no additional credit enhancements were obtained at the time of renewal. These concessions are included in the table below. Additional concessions were granted to borrowers with previously identified troubled debt restructured loans during the three-month period ended March 31, 2018. The loan to one of the borrowers is for a commercial real estate building where the collateral value and cash flows from the companies occupying the buildings do not support the loan with recorded investments of $341,000. The loans to two other borrowers are for commercial and industrial capital and non-working capital loans with recorded investments of $551,000. These concessions are not included in the table below. The following table presents loans by class modified as new troubled debt restructurings that occurred during the three months ended June 30, 2018:
The following table presents loans by class modified as new troubled debt restructurings that occurred during the six months ended June 30, 2018:
For the three-month period ended June 30, 2018, the troubled debt restructuring described above did not impact the allowance for loan losses and no charge-off was recorded. For the six-month period ended June 30, 2018, the debt restructurings described above decreased the allowance for loan losses by $166,000, and resulted in charge-offs of $1.6 million. During the three months ended June 30, 2017, no loans were modified as troubled debt restructurings. During the three months ended March 31, 2017, certain loans were modified as troubled debt restructurings and are reflected in the table presented below. The modified terms of these loans include one or a combination of the following: inadequate compensation for the terms of the restructure or renewal; a modification of the repayment terms which delays principal repayment for some period; or renewal terms offered to borrowers in financial distress where no additional credit enhancements were obtained at the time of renewal. Additional concessions were granted to borrowers with previously identified troubled debt restructured loans during the three months ended March 31, 2017. The loans to two of the borrowers are for commercial real estate buildings where the collateral value and cash flows from the companies occupying the buildings do not support the loans with recorded investments of $500,000. The loans to two other borrowers are for commercial and industrial non-working capital loans with recorded investments of $690,000. These concessions are not included in table below.
For the three-month period ended June 30, 2017, troubled debt restructurings described above increased the allowance for loan losses by $3,000 and no charge-offs resulted from the modifications. For the six-month period ended June 30, 2017, the troubled debt restructurings described above increased the allowance for loan losses by $86,000 and no charge-offs resulted from the modifications. There were no troubled debt restructurings that had payment defaults within the twelve months following modification during the three- or six-month periods ended June 30, 2018 and 2017. Credit Quality Indicators: The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. The Company analyzes commercial loans individually by classifying the loans as to credit risk. This analysis is performed on a quarterly basis for Special Mention, Substandard and Doubtful grade loans and annually on Pass grade loans over $150,000. The Company uses the following definitions for risk ratings: Special Mention. Loans classified as Special Mention have a potential weakness that deserves management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution's credit position at some future date. Substandard. Loans classified as Substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected.Doubtful. Loans classified as Doubtful have all the weaknesses inherent in those classified as Substandard, with the added characteristics that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.Loans not meeting the criteria above that are analyzed individually as part of the above-described process are considered to be Pass rated loans with the exception of consumer troubled debt restructurings which are evaluated and listed with Substandard commercial grade loans and consumer nonaccrual loans which are evaluated individually and listed with Not Rated loans. Loans listed as Not Rated are consumer loans or commercial loans with consumer characteristics included in groups of homogenous loans which are analyzed for credit quality indicators utilizing delinquency status. As of June 30, 2018, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:
As of December 31, 2017, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:
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FAIR VALUE DISCLOSURES |
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FAIR VALUE DISCLOSURES | NOTE 5. FAIR VALUE DISCLOSURES Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values:
The Company used the following methods and significant assumptions to estimate the fair value of each type of financial instrument: Securities: Securities available for sale are valued primarily by a third party pricing service. The fair values of securities available for sale are determined on a recurring basis by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or pricing models which utilize significant observable inputs such as matrix pricing. This is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities' relationship to other benchmark quoted securities (Level 2 inputs). These models utilize the market approach with standard inputs that include, but are not limited to benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data. For certain municipal securities that are not rated and observable inputs about the specific issuer are not available, fair values are estimated using observable data from other municipal securities presumed to be similar or other market data on other non-rated municipal securities (Level 3 inputs). The Company's Finance Department, which is responsible for all accounting and SEC compliance, and the Company's Treasury Department, which is responsible for investment portfolio management and asset/liability modeling, are the two areas that determine the Company's valuation policies and procedures. Both of these areas report directly to the Executive Vice President and Chief Financial Officer of the Company. For assets or liabilities that may be considered for Level 3 fair value measurement on a recurring basis, these two departments and the Executive Vice President and Chief Financial Officer determine the appropriate level of the assets or liabilities under consideration. If there are assets or liabilities that are determined to be Level 3 by this group, the Risk Management Committee of the Company and the Audit Committee of the Board of Directors are made aware of such assets at their next scheduled meeting. Securities pricing is obtained from a third party pricing service and all security prices are tested annually against prices from another third party provider and reviewed with a market value price tolerance variance that varies by sector: municipal securities +/- 5%, government mbs/cmo +/- 3% and U.S. treasuries +/-1%. If any securities fall outside the tolerance threshold, a determination of materiality is made for the amount over the threshold. Any security that would have a material threshold difference would be further investigated to determine why the variance exists and if any action is needed concerning the security pricing for that individual security. Changes in market value are reviewed monthly in aggregate by security type and any material differences are reviewed to determine why they exist. At least annually, the pricing methodology of the pricing service is received and reviewed to support the fair value levels used by the Company. A detailed pricing evaluation is requested and reviewed on any security determined to be fair valued using unobservable inputs by the pricing service. Mortgage banking derivatives: The fair value of mortgage banking derivatives are based on observable market data as of the measurement date (Level 2). Interest rate swap derivatives : Our derivatives are traded in an over-the-counter market where quoted market prices are not always available. Therefore, the fair values of derivatives are determined using quantitative models that utilize multiple market inputs. The inputs will vary based on the type of derivative, but could include interest rates, prices and indices to generate continuous yield or pricing curves, prepayment rates, and volatility factors to value the position. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. The fair value of interest rate swap derivatives is determined by pricing or valuation models using observable market data as of the measurement date (Level 2).Impaired loans : Impaired loans with specific allocations of the allowance for loan losses are generally based on the fair value of the underlying collateral if repayment is expected solely from the collateral. Fair value is determined using several methods. Generally, the fair value of real estate is based on appraisals by qualified third party appraisers. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and result in a Level 3 classification of the inputs for determining fair value. In addition, the Company's management routinely applies internal discount factors to the value of appraisals used in the fair value evaluation of impaired loans. The deductions to the appraisals take into account changing business factors and market conditions, as well as value impairment in cases where the appraisal date predates a likely change in market conditions. Commercial real estate is generally discounted from its appraised value by 0-50% with the higher discounts applied to real estate that is determined to have a thin trading market or to be specialized collateral. In addition to real estate, the Company's management evaluates other types of collateral as follows: (a) raw and finished inventory is discounted from its cost or book value by 35-65%, depending on the marketability of the goods (b) finished goods are generally discounted by 30-60%, depending on the ease of marketability, cost of transportation or scope of use of the finished good (c) work in process inventory is typically discounted by 50-100%, depending on the length of manufacturing time, types of components used in the completion process, and the breadth of the user base (d) equipment is valued at a percentage of depreciated book value or recent appraised value, if available, and is typically discounted at 30-70% after various considerations including age and condition of the equipment, marketability, breadth of use, and whether the equipment includes unique components or add-ons; and (e) marketable securities are discounted by 10-30%, depending on the type of investment, age of valuation report and general market conditions. This methodology is based on a market approach and typically results in a Level 3 classification of the inputs for determining fair value.Mortgage servicing rights : As of June 30, 2018, the fair value of the Company's Level 3 servicing assets for residential mortgage loans was $4.2 million, none of which are currently impaired and therefore are carried at amortized cost. These residential mortgage loans have a weighted average interest rate of 3.84%, a weighted average maturity of 19 years and are secured by homes generally within the Company's market area, which is primarily Northern Indiana. A valuation model is used to estimate fair value by stratifying the portfolios on the basis of certain risk characteristics, including loan type and interest rate. Impairment is estimated based on an income approach. The inputs used include estimates of prepayment speeds, discount rate, cost to service, escrow account earnings, contractual servicing fee income, ancillary income, late fees, and float income. The most significant assumption used to value mortgage servicing rights is prepayment rate. Prepayment rates are estimated based on published industry consensus prepayment rates. The most significant unobservable assumption is the discount rate. At June 30, 2018, the constant prepayment speed (PSA) used was 95 and the discount rate used was 9.4%. At December 31, 2017, the PSA used was 123 and the discount rate used was 9.4%.Other real estate owned : Nonrecurring adjustments to certain commercial and residential real estate properties classified as other real estate owned are measured at the lower of carrying amount or fair value, less costs to sell. Fair values are generally based on third party appraisals of the property and are reviewed by the Company's internal appraisal officer. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable properties used to determine value. Such adjustments are usually significant and result in a Level 3 classification. In addition, the Company's management may apply discount factors to the appraisals to take into account changing business factors and market conditions, as well as value impairment in cases where the appraisal date predates a likely change in market conditions. In cases where the carrying amount exceeds the fair value, less costs to sell, an impairment loss is recognized.Real estate mortgage loans held for sale : Real estate mortgage loans held for sale are carried at the lower of cost or fair value, as determined by outstanding commitments, from third party investors, and result in a Level 2 classification.
There were no transfers between Level 1 and Level 2 during the six months ended June 30, 2018 and there were no transfers between Level 1 and Level 2 during 2017.
The primary methodology used in the fair value measurement of the Company's state and municipal securities classified as Level 3 is a discount to the AAA municipal benchmark index. Significant increases or (decreases) in this index as well as the degree to which the security differs in ratings, coupon, call and duration will result in a higher or (lower) fair value measurement for those securities that are not callable. For those securities that are continuously callable, a slight premium to par is used.
The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at December 31, 2017:
Impaired loans, which are measured for impairment using the fair value of the collateral for collateral dependent loans, had a gross carrying amount of $9.6 million, with a valuation allowance of $2.1 million at June 30, 2018, resulting in a net increase in the provision for loan losses of $4.5 million in the six months ended June 30, 2018 and a net increase in the provision for loan losses of $200,000 in the three months ended June 30, 2018. At June 30, 2017, impaired loans had a gross carrying amount of $10.0 million, with a valuation allowance of $3.7 million, resulting in a net increase in the provision for loan losses of $600,000 in the six months ended June 30, 2017, and a net reduction in the provision for loan losses of $200,000 in the three months ended June 30, 2017.
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SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE |
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Securities Sold under Agreements to Repurchase [Abstract] | ||
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE | NOTE 6. SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE Securities sold under agreements to repurchase represent collateralized borrowings with customers located primarily within the Company's service area. These repurchase liabilities are not covered by federal deposit insurance and are secured by securities owned. The Company retains the right to substitute similar type securities and has the right to withdraw all excess collateral applicable to the repurchase liabilities whenever the collateral values are in excess of the related repurchase liabilities. However, as a means of mitigating market risk, the Company maintains excess collateral to cover normal changes in the repurchase liability by monitoring daily usage. The Company maintains control of the securities through the use of third-party safekeeping arrangements. Securities sold under agreements to repurchase of $106.2 million and $70.7 million, which mature on demand, are secured by mortgage-backed securities with a carrying amount of $121.7 million and $98.0 million at June 30, 2018 and December 31, 2017, respectively. Additional information concerning recognition of these liabilities is disclosed in Note 8. |
EMPLOYEE BENEFIT PLANS |
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Compensation and Retirement Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
EMPLOYEE BENEFIT PLANS | NOTE 7. EMPLOYEE BENEFIT PLANS Components of net periodic benefit cost:
The Company previously disclosed in its financial statements for the year ended December 31, 2017 that it expected to contribute $0 to its pension plan and $0 to its Supplemental Executive Retirement Plan ("SERP") in 2018. The Company has contributed $368,200 to its pension plan and $0 to its SERP as of June 30, 2018. The Company does not expect to make any additional contributions to its pension plan or SERP during the remainder of 2018. As a result of freezing the plan effective April 1, 2000, there is no service cost to record on the pension plan or the SERP for the six-month periods ending June 30, 2018 and 2017. All other components of cost noted in the table above were recorded in other expense under noninterest expenses on the Consolidated Statements of Income for all periods presented. |
OFFSETTING ASSETS AND LIABILITIES |
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Offsetting Assets And Liabilities [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
OFFSETTING ASSETS AND LIABILITIES | NOTE 8. OFFSETTING ASSETS AND LIABILITIES The following tables summarize gross and net information about financial instruments and derivative instruments that are offset in the statement of financial position or that are subject to an enforceable master netting arrangement at June 30, 2018 and December 31, 2017.
If an event of default occurs causing an early termination of an interest rate swap derivative, any early termination amount payable to one party by the other party may be reduced by set-off against any other amount payable by the one party to the other party. If a default in performance of any obligation of a repurchase agreement occurs, each party will set-off property held in respect of transactions against obligations owing in respect of any other transactions. |
EARNINGS PER SHARE |
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Jun. 30, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
EARNINGS PER SHARE | NOTE 9. EARNINGS PER SHARE Basic earnings per common share is net income available to common shareholders divided by the weighted average number of common shares outstanding during the period, including shares held in treasury on behalf of participants in the Company's Directors Fee Deferral Plan. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock options, stock awards and warrants, none of which were antidilutive.
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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) |
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Stockholders Equity Note [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | NOTE 10. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following tables summarize the changes within each classification of accumulated other comprehensive income (loss) net of tax for the six months ended June 30, 2018 and 2017:
Reclassifications out of accumulated comprehensive income for the three months ended June 30, 2018 are as follows:
Reclassifications out of accumulated comprehensive income for the three months ended June 30, 2017 are as follows:
Reclassifications out of accumulated comprehensive income for the six months ended June 30, 2018 are as follows:
Reclassifications out of accumulated comprehensive income for the six months ended June 30, 2017 are as follows:
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REVENUE RECOGNITION |
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Revenue from Contract with Customer [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
REVENUE RECOGNITION | NOTE 11. REVENUE RECOGNITION All of the Company's revenue from contracts with customers in the scope of ASC 606 is recognized within noninterest income. The following table presents the Company's sources of noninterest income for the three months and six months ended June 30, 2018 and 2017. Items outside of scope of ASC 606 are noted as such.
The following is a description of principal activities from which we generate revenue. Revenues are recognized as the Company satisfies its obligations with our customers, in an amount that reflects the consideration that we expect to receive in exchange for those services. Wealth advisory fees The Company provides wealth advisory services to its customers and earns fees from its contracts with trust customers to manage assets for investment and/or to transact on their accounts. These fees are primarily earned over time as the Company provides the contracted monthly, quarterly, or annual services and are generally assessed based on a tiered scale of the market value of assets under management (AUM) at month-end. Fees that are transaction based, including trade execution services, are recognized at the point in time that the transaction is executed. Other related services, such as escrow accounts that are based on a fixed schedule, are recognized when the services are rendered. Investment brokerage services The Company provides investment brokerage services through a full service brokerage and investment and advisory firm, Cetera Investment Services LLC ("Cetera"). The Company receives commissions from Cetera on a monthly basis based upon customer activity for the month. The fees are recognized monthly and a receivable is recorded until commissions are generally paid by the 5th business day of the following month. Because the Company (i) acts as an agent in arranging the relationship between the customer and the Cetera and (ii) does not control the services to the customers, investment brokerage service fees are presented net of Cetera's related costs. Service charges on deposit accounts The Company earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which include services such as ATM use fees, stop payment charges, statement rendering, and ACH fees, are recognized at the time the transaction is executed as that is the point in time the Company fulfills the customer's request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer's balance. Interchange income The Company provides the ability to transact on certain deposit accounts through the use of debit cards by outsourcing the services through third party service providers. Performance obligations are met on a transactional basis and income is recognized monthly based on transaction type and volume. Under the accounting standards in effect in the prior period, revenue was previously recognized net of the third party's costs. Under ASC 606, fees from interchange income related to its customers use of debit cards will be reported gross in loan and service fees under noninterest income. The cost of using third party providers for these interchange services will be reported in data processing fees and supplies under noninterest expense, which has no effect on net income for the period. Gain on sale of other real estate (OREO) owned financed by seller On occasion, the Company underwrites a loan to purchase property owned by the Company. Under the accounting standards in effect in the prior period, the gain on the sale of the Company owned property was deferred and recognized over the life of the loan. Under ASC 606, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Company adjusts the transaction price and related gain (loss) on sale if a significant financing component is present. As a result of the adoption of ASC 606, the Company reported a net increase of $24,000 to opening retained earnings as of January 1, 2018. Debit card incentive rebates The Company receives incentive rebates based on debit card transaction volume. Performance obligations are met on a transactional basis and income is recognized monthly based on transaction volume. Under the accounting standards in effect in the prior period, revenue was previously recognized in other income under noninterest income. Under ASC 606, these rebates related to debit card transaction volume will be reported as a contra expense in data processing fees and supplies under noninterest expense, which has no effect on net income for the period. |
BASIS OF PRESENTATION (Policies) |
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Accounting Policies [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Adoption of New Accounting Standards | Adoption of New Accounting Standards The Company accounts for revenue in accordance with ASU No. 2014-09, "Revenue from Contracts with Customers" and all the subsequent amendments to the ASU (collectively "ASC 606"), which the Company adopted on January 1, 2018, using the modified retrospective approach. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported under the accounting standards in effect for the prior period. We recorded a net increase to opening retained earnings of $24,000 as of January 1, 2018 due to the cumulative impact of adopting ASC 606. Revenue is split between net interest income and noninterest income at a ratio of approximately 80% to 20%, respectively. The scope of the guidance explicitly excludes net interest income as well as many other revenues for financial assets and liabilities including loans, leases, securities, and derivatives. The Company's services that fall within ASC 606 are presented in noninterest income and are recognized as revenue as the Company satisfies its obligation to the customer. The majority of the Company's revenue is from the business of banking and the Company's assigned regions have similar economic characteristics, products, services and customers. Accordingly, all of the Company's operations are considered by management to be aggregated in one reportable operating segment. The income statement impact of adopting ASC 606 for the three- and six-month periods ended June 30, 2018 is outlined below:
In January 2016, the Financial Accounting Standards Board (the "FASB") amended existing accounting guidance related to the recognition and measurement of financial assets and financial liabilities. These amendments make targeted improvements to U.S. GAAP as follows: (1) Require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. (2) Simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. (3) Eliminate the requirement to disclose the fair value of financial instruments measured at amortized cost for entities that are not public business entities. (4) Eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. (5) Require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. (6) Require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. (7) Require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivable) on the balance sheet or the accompanying notes to the financial statements. (8) Clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity's other deferred tax assets. This guidance was effective beginning January 1, 2018. Adopting this standard resulted in a credit to retained earnings for the reclassification in the amount of $68,000. In August 2016, the FASB issued guidance related to the classification of certain cash receipts and cash payments in the statement of cash flow. This standard provides cash flow statement classification guidance for certain transactions including how the predominance principle should be applied when cash receipts and cash payments have aspects of more than one class of cash flows. This guidance was effective beginning January 1, 2018. Adopting this standard did not have a significant impact on the Company's financial condition or results of operations. In March 2017, the FASB issued ASU No. 2017-07, "Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost." Under the new guidance, employers will present the service cost component of the net periodic benefit cost in the same income statement line item as other employee compensation costs arising from services rendered during the period. In addition, only the service cost component will be eligible for capitalization in assets. Employers will present the other components separately from the line item that includes the service cost. The guidance was effective beginning January 1, 2018. As a result of the applicable plans being frozen April 1, 2000, there was no service cost recognized for the six-month periods ending June 30, 2018 and 2017. All other components of cost were recorded in other expense under noninterest expenses on the Consolidated Statements of Income for all periods presented. Adopting this standard did not have a significant impact on the Company's financial condition or results of operations. In February 2018, the FASB issued ASU No. 2018-02, "Income Statement Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income." The ASU required a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the newly enacted federal corporate income tax rate as a result of the Tax Cuts and Jobs Act of 2017. The amount reclassified was the difference between the historical corporate income tax rate and the newly 21% federal corporate income tax rate. The new guidance is effective for fiscal years beginning after December 15, 2018, and early adoption is permitted. The Company elected to early adopt the guidance during the first quarter of 2018, and recorded a credit to retained earnings for the reclassification in the amount of $173,000 during the first quarter. |
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Newly Issued But Not Yet Effective Accounting Standards | Newly Issued But Not Yet Effective Accounting Standards In February 2016, the FASB issued new accounting guidance related to leases. This update, effective for the Company beginning January 1, 2019, will replace existing lease guidance in GAAP and will require lessees to recognize lease assets and lease liabilities on the balance sheet for all leases and disclose key information about leasing arrangements. When implemented, lessees and lessors will be required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The Company currently has approximately $5.2 million of lease obligations that would come on balance sheet as both assets and liabilities upon adoption of this accounting standard. In June 2016, the FASB issued guidance related to credit losses on financial instruments. This update will change the accounting for credit losses on loans and debt securities. The measurement of expected credit losses is to be based on information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. For loans, this measurement will take place at the time the financial asset is first added to the balance sheet and periodically thereafter. This differs significantly from the "incurred loss" model required under current GAAP, which delays recognition until it is probable a loss has been incurred. In addition, the guidance will modify the other-than-temporary impairment model for available-for-sale debt securities to require an allowance for credit impairment instead of a direct write-down, which will allow for reversal of credit impairments in future periods. This guidance is effective for public business entities that meet the definition of an SEC filer for fiscal years beginning after December 15, 2019, including interim periods in those fiscal years. The Company has formed a cross-functional committee that has evaluated existing technology and other solutions for calculating losses under this new standard, selected a vendor to validate data currently loaded in the technology solution selected, and reviewed the validation assessment report. The committee is currently evaluating the various methods available for calculating the credit losses, including but not limited to discounted cash flows, migration, and vintage. Management expects to recognize credit losses earlier upon adoption of this accounting standard and the expected credit loss model than it has historically done under the current incurred credit loss model and is evaluating the impact of adopting this new accounting standard on our financial statements. In January 2017, the FASB issued ASU No. 2017-04 "Intangibles - Goodwill and Other - Simplifying the Test for Goodwill Impairment." These amendments eliminate Step 2 from the goodwill impairment test. The amendments also eliminate the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The guidance is effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. ASU 2017-04 should be adopted on a prospective basis. Management does not expect the adoption of this new accounting standard to have a material impact on our financial statements. In March 2017, the FASB issued ASU No. 2017-08, "ReceivablesNonrefundable Fees and Other Costs: Premium Amortization on Purchased Callable Debt Securities." This update amends the amortization period for certain purchased callable debt securities held at a premium. FASB is shortening the amortization period for the premium to the earliest call date. Under current GAAP, entities generally amortize the premium as an adjustment of yield over the contractual life of the instrument. Concerns were raised that current GAAP excludes certain callable debt securities from consideration of early repayment of principal even if the holder is certain that the call will be exercised. As a result, upon the exercise of a call on a callable debt security held at a premium, the unamortized premium is recorded as a loss in earnings. There is diversity in practice (1) in the amortization period for premiums of callable debt securities and (2) in how the potential for exercise of a call is factored into current impairment assessments. The amendments in this update become effective for annual periods and interim periods within those annual periods beginning after December 15, 2018. Management is evaluating the impact of adopting the new guidance on our consolidated financial statements on a quarterly basis, and plans to adopt on January 1, 2019. The Company estimates the impact of this standard as of June 30, 2018, would be a reduction to retained earnings of approximately $840,000, net of tax, to reflect the acceleration of amortization of premiums on debt securities. In August 2017, the FASB issued ASU 2017-12, "Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities". The purpose of this updated guidance is to better align a company's financial reporting for hedging activities with the economic objectives of those activities. ASU 2017-12 is effective for public business entities for fiscal years beginning after December 15, 2018, with early adoption, including adoption in an interim period, permitted. The Company plans to adopt ASU 2017-12 on January 1, 2019. ASU 2017-12 requires a modified retrospective transition method in which the Company will recognize the cumulative effect of the change on the opening balance of each affected component of equity in the statement of financial position as of the date of adoption. While the Company continues to assess all potential impacts of the standard, we currently expect adoption to have an immaterial impact on our consolidated financial statements. |
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Reclassifications | Reclassifications Certain amounts appearing in the financial statements and notes thereto for prior periods have been reclassified to conform with the current presentation. The reclassifications had no effect on net income or stockholders' equity as previously reported. |
BASIS OF PRESENTATION (Tables) |
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New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The income statement impact of adopting ASC 606 for the three- and six-month periods ended June 30, 2018 is outlined below:
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SECURITIES (Tables) |
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Summary of Available-For-Sale Securities | Information related to the fair
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Schedule of Available-For-Sale Securities Continuous Unrealized Loss Position | The tables divide the securities between those with unrealized losses for less than twelve months and those with unrealized losses for twelve months or more.
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Quantitative Disclosure of Available-For-Sale Securities | The total number of securities with unrealized losses as of June 30, 2018 and December 31, 2017 is presented below.
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ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Tables) |
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Jun. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In Allowance For Loan Losses and Recorded Investment In Loans By Portfolio Segment | The following tables present the activity in the allowance for loan losses by portfolio segment for the three-month periods ended June 30, 2018 and 2017:
The following tables present the activity in the allowance for loan losses by portfolio segment for the six-month periods ended June 30, 2018 and 2017:
The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2018 and December 31, 2017:
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Loans individually evaluated for impairment | The following table presents loans individually evaluated for impairment by class of loans as of June 30, 2018:
The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2017:
The following table presents loans individually evaluated for impairment by class of loans as of and for the three-month period ended June 30, 2018:
The following table presents loans individually evaluated for impairment by class of loans as of and for the three-month period ended June 30, 2017:
The following table presents loans individually evaluated for impairment by class of loans as of and for the six-month period ended June 30, 2018:
The following table presents loans individually evaluated for impairment by class of loans as of and for the six-month period ended June 30, 2017:
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Aging of the Recorded Investment in Past Due Loans | The following table presents the ageing of the recorded investment in past due loans as of June 30, 2018 by class of loans:
The following table presents the ageing of the recorded investment in past due loans as of December 31, 2017 by class of loans:
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Troubled Debt Restructuring |
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Loans by Class Modified as Troubled Debt Restructurings | The following table presents loans by class modified as new troubled debt restructurings that occurred during the three months ended June 30, 2018:
The following table presents loans by class modified as new troubled debt restructurings that occurred during the six months ended June 30, 2018:
The following table presents loans by class modified as new troubled debt restructurings that occurred during the six months ended June 30, 2017:
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Credit Quality Indicators | As of June 30, 2018, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:
As of December 31, 2017, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows:
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FAIR VALUE DISCLOSURES (Tables) |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Assets Measured at Fair Value on a Recurring Basis | The table below presents the balances of assets measured at fair value on a recurring basis:
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Schedule of Reconciliation of All Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs | The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the six months ended June 30, 2018 and 2017:
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Fair Value Measurements, Recurring, Valuation Techniques | The state and municipal securities measured at fair value included below are non-rated Indiana municipal revenue bonds and are not actively traded.
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Schedule of Assets Measured at Fair Value on a Nonrecurring Basis | The table below presents the balances of assets measured at fair value on a nonrecurring basis:
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Fair Value Measured On Nonrecurring Basis Valuation Techniques | The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at June 30, 2018:
The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at December 31, 2017:
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Schedule of Fair Values and the Related Carrying Values of Financial Instruments | The following table contains the estimated fair values and the related carrying values of the Company's financial instruments. Items which are not financial instruments are not included. Due to the adoption of ASU 2016-01 as of January 1, 2018, the fair value as presented below is measured using the exit price notion in the periods after adoption and may not be comparable with prior periods presented as a result of the change in methodology.
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EMPLOYEE BENEFIT PLANS (Tables) |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Benefit Cost | Components of net periodic benefit cost:
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OFFSETTING ASSETS AND LIABILITIES (Tables) |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Offsettings [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Offsetting Assets And Liability | The following tables summarize gross and net information about financial instruments and derivative instruments that are offset in the statement of financial position or that are subject to an enforceable master netting arrangement at June 30, 2018 and December 31, 2017.
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EARNINGS PER SHARE (Tables) |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of weighted average number of shares | Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock options, stock awards and warrants, none of which were antidilutive.
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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables) |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stockholders Equity Note [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Changes in Accumulated Other Comprehensive Income | The following tables summarize the changes within each classification of accumulated other comprehensive income (loss) net of tax for the six months ended June 30, 2018 and 2017:
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Reclassification Accumulated Other Comprehensive Income | Reclassifications out of accumulated comprehensive income for the three months ended June 30, 2018 are as follows:
Reclassifications out of accumulated comprehensive income for the three months ended June 30, 2017 are as follows:
Reclassifications out of accumulated comprehensive income for the six months ended June 30, 2018 are as follows:
Reclassifications out of accumulated comprehensive income for the six months ended June 30, 2017 are as follows:
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REVENUE RECOGNITION (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue from Contract with Customer [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue from External Customers by Products and Services | All of the Company's revenue from contracts with customers in the scope of ASC 606 is recognized within noninterest income. The following table presents the Company's sources of noninterest income for the three months and six months ended June 30, 2018 and 2017. Items outside of scope of ASC 606 are noted as such.
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BASIS OF PRESENTATION (Details) - USD ($) $ / shares in Units, $ in Thousands |
3 Months Ended | 6 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
|||||
Noninterest income | ||||||||
Loan and service fees | $ 2,421 | $ 251 | [1] | $ 4,214 | $ 471 | [1] | ||
Other income | 216 | 659 | [1] | 1,255 | 1,168 | [1] | ||
Total | 9,693 | 8,791 | [1] | 19,572 | 17,050 | [1] | ||
Noninterest expense | ||||||||
Data processing fees and supplies | 2,290 | 1,974 | 4,803 | 3,990 | ||||
Total | 20,274 | 19,352 | 41,476 | 39,400 | ||||
Net Impact | 347 | 1,050 | ||||||
Net income | 20,142 | 15,364 | 38,478 | 29,878 | ||||
Comprehensive income | $ 18,420 | $ 17,635 | $ 29,679 | $ 32,634 | ||||
Basic earnings per share | $ 0.8 | $ 0.61 | $ 1.52 | $ 1.19 | ||||
Diluted earnings per share | $ 0.78 | $ 0.6 | $ 1.5 | $ 1.17 | ||||
Adjustments for New Accounting Principle, Early Adoption [Member] | ||||||||
Noninterest income | ||||||||
Loan and service fees | $ 2,231 | $ 4,598 | ||||||
Other income | 344 | 1,255 | ||||||
Total | 2,575 | 5,853 | ||||||
Noninterest expense | ||||||||
Data processing fees and supplies | 2,228 | 4,803 | ||||||
Total | 2,228 | 4,803 | ||||||
Net Impact | 347 | 1,050 | ||||||
Net income | 20,142 | 38,478 | ||||||
Comprehensive income | $ 18,420 | $ 29,679 | ||||||
Basic earnings per share | $ 0.8 | $ 1.52 | ||||||
Diluted earnings per share | $ 0.78 | $ 1.50 | ||||||
Accounting Standards Update 2016-09 [Member] | ||||||||
Noninterest income | ||||||||
Loan and service fees | $ 190 | $ 384 | ||||||
Other income | (128) | (128) | ||||||
Total | 62 | 256 | ||||||
Noninterest expense | ||||||||
Data processing fees and supplies | 62 | 256 | ||||||
Total | 62 | 256 | ||||||
Net Impact | 0 | 0 | ||||||
Net income | 0 | 0 | ||||||
Comprehensive income | $ 0 | $ 0 | ||||||
Basic earnings per share | $ 0 | $ 0 | ||||||
Diluted earnings per share | $ 0 | $ 0 | ||||||
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BASIS OF PRESENTATION (Additional Information) (Details) - USD ($) |
6 Months Ended | ||
---|---|---|---|
Jan. 02, 2018 |
Jun. 30, 2018 |
Mar. 31, 2018 |
|
Summary of Significant Accounting Policies [Line Items] | |||
Operating Lease Obligations | $ 5,200,000 | ||
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Net Income | $ 24,000 | ||
Percentage Of Interest Income In Net Revenue | 80.00% | ||
Percentage Of Noninterest Income In Net Revenue | 20.00% | ||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | ||
Accounting Standards Update 2018-02 [Member] | |||
Summary of Significant Accounting Policies [Line Items] | |||
Reclassification to Unappropriated Retained Earnings | $ 173,000 | ||
Accounting Standards Update 2016-01 [Member] | |||
Summary of Significant Accounting Policies [Line Items] | |||
Reclassification to Unappropriated Retained Earnings | $ 68,000 | ||
Accounting Standards Update 2017-08 [Member] | |||
Summary of Significant Accounting Policies [Line Items] | |||
Cumulative Effect on Retained Earnings, Net of Tax | $ 840,000 | ||
Retained Earnings [Member] | |||
Summary of Significant Accounting Policies [Line Items] | |||
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Net Income | $ 24,000 |
SECURITIES (Summary Of Available Sale Of Securities) (Details) - USD ($) $ in Thousands |
Jun. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Information related to available for sale securities [Abstract] | ||
Amortized Cost | $ 573,406 | $ 537,416 |
Gross Unrealized Gain | 2,190 | 5,169 |
Gross Unrealized Losses | (12,369) | (4,092) |
Fair Value | 563,227 | 538,493 |
US Treasury Securities [Member] | ||
Information related to available for sale securities [Abstract] | ||
Amortized Cost | 992 | 992 |
Gross Unrealized Gain | 0 | 5 |
Gross Unrealized Losses | (13) | 0 |
Fair Value | 979 | 997 |
US Government Sponsored Agencies [Member] | ||
Information related to available for sale securities [Abstract] | ||
Amortized Cost | 4,894 | 5,191 |
Gross Unrealized Gain | 0 | 0 |
Gross Unrealized Losses | (131) | (69) |
Fair Value | 4,763 | 5,122 |
Mortgage-backed securities residential [Member] | ||
Information related to available for sale securities [Abstract] | ||
Amortized Cost | 338,057 | 314,650 |
Gross Unrealized Gain | 1,071 | 2,099 |
Gross Unrealized Losses | (8,347) | (2,975) |
Fair Value | 330,781 | 313,774 |
Mortgage-backed securities commercial [Member] | ||
Information related to available for sale securities [Abstract] | ||
Amortized Cost | 34,890 | 44,208 |
Gross Unrealized Gain | 0 | 75 |
Gross Unrealized Losses | (756) | (72) |
Fair Value | 34,134 | 44,211 |
State and Municipal Securities [Member] | ||
Information related to available for sale securities [Abstract] | ||
Amortized Cost | 194,573 | 172,375 |
Gross Unrealized Gain | 1,119 | 2,990 |
Gross Unrealized Losses | (3,122) | (976) |
Fair Value | $ 192,570 | $ 174,389 |
SECURITIES (Schedule Of Available Sale Of Securities By Maturity) (Details) - USD ($) $ in Thousands |
Jun. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Maturities of Available-for-sale Debt Securities [Abstract] | ||
Amortized Cost, Due in one year or less | $ 2,303 | |
Amortized Cost, Due after one year through five years | 23,944 | |
Amortized Cost, Due after five years through ten years | 35,390 | |
Amortized Cost, Due after ten years | 138,822 | |
Amortized Cost, Available for sale securities with maturities amortized cost | 200,459 | |
Amortized Cost, Mortgage-backed securities | 372,947 | |
Amortized Cost, Total debt securities | 573,406 | $ 537,416 |
Fair Value, Due in one year or less | 2,324 | |
Fair Value, Due after one year through five years | 24,077 | |
Fair Value, Due after five years through ten years | 35,273 | |
Fair Value, Due after ten years | 136,638 | |
Fair Value, Available for sale securities with maturities fair value | 198,312 | |
Fair Value, Mortgage-backed securities | 364,915 | |
Fair Value, Total debt securities | $ 563,227 | $ 538,493 |
SECURITIES (Schedule Of Sales Of Securities Available For Sale) (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
|
Sales of securities available for sale | ||||
Proceeds | $ 0 | $ 19,034 | $ 12,322 | $ 35,845 |
Gross gains | 0 | 59 | 21 | 256 |
Gross losses | $ 0 | $ (10) | $ (27) | $ (204) |
SECURITIES (Schedule Of Available Sale Of Securities Continuous Unrealized Loss Position) (Details) - USD ($) $ in Thousands |
Jun. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Fair Value | $ 332,412 | $ 177,277 |
12 months or more, Fair value | 107,053 | 111,345 |
Total Fair value | 439,465 | 288,622 |
Less than 12 Months, Unrealized Losses | 7,227 | 1,537 |
12 Months or more, Unrealized Losses | 5,142 | 2,555 |
Total Unrealized Losses | 12,369 | 4,092 |
US Treasury Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Fair Value | 979 | |
12 months or more, Fair value | 0 | |
Total Fair value | 979 | |
Less than 12 Months, Unrealized Losses | 13 | |
12 Months or more, Unrealized Losses | 0 | |
Total Unrealized Losses | 13 | |
US Government Sponsored Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Fair Value | 2,210 | 2,353 |
12 months or more, Fair value | 2,553 | 2,769 |
Total Fair value | 4,763 | 5,122 |
Less than 12 Months, Unrealized Losses | 51 | 6 |
12 Months or more, Unrealized Losses | 80 | 63 |
Total Unrealized Losses | 131 | 69 |
Mortgage-backed securities residential [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Fair Value | 231,456 | 142,834 |
12 months or more, Fair value | 56,429 | 59,024 |
Total Fair value | 287,885 | 201,858 |
Less than 12 Months, Unrealized Losses | 5,493 | 1,412 |
12 Months or more, Unrealized Losses | 2,854 | 1,563 |
Total Unrealized Losses | 8,347 | 2,975 |
Mortgage-backed securities commercial [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Fair Value | 34,134 | 23,505 |
12 months or more, Fair value | 0 | 0 |
Total Fair value | 34,134 | 23,505 |
Less than 12 Months, Unrealized Losses | 756 | 72 |
12 Months or more, Unrealized Losses | 0 | 0 |
Total Unrealized Losses | 756 | 72 |
State and Municipal Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months, Fair Value | 63,633 | 8,585 |
12 months or more, Fair value | 48,071 | 49,552 |
Total Fair value | 111,704 | 58,137 |
Less than 12 Months, Unrealized Losses | 914 | 47 |
12 Months or more, Unrealized Losses | 2,208 | 929 |
Total Unrealized Losses | $ 3,122 | $ 976 |
SECURITIES (Quantitative Disclosure Of Available Sale Of Securities) (Details) |
Jun. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Number of securities with unrealized losses [Abstract] | ||
Number of available-for-sale securities in unrealized loss positions, less than 12 months | 171 | 69 |
Number of available-for-sale securities in unrealized loss positions, 12 months or more | 85 | 84 |
Available-for-sale, Securities in Unrealized Loss Positions, Number of Positions | 256 | 153 |
US Treasury | ||
Number of securities with unrealized losses [Abstract] | ||
Number of available-for-sale securities in unrealized loss positions, less than 12 months | 1 | |
Number of available-for-sale securities in unrealized loss positions, 12 months or more | 0 | |
Available-for-sale, Securities in Unrealized Loss Positions, Number of Positions | 1 | |
US Government Sponsored Agencies [Member] | ||
Number of securities with unrealized losses [Abstract] | ||
Number of available-for-sale securities in unrealized loss positions, less than 12 months | 1 | 1 |
Number of available-for-sale securities in unrealized loss positions, 12 months or more | 1 | 1 |
Available-for-sale, Securities in Unrealized Loss Positions, Number of Positions | 2 | 2 |
Mortgage backed securities residential [Member] | ||
Number of securities with unrealized losses [Abstract] | ||
Number of available-for-sale securities in unrealized loss positions, less than 12 months | 79 | 46 |
Number of available-for-sale securities in unrealized loss positions, 12 months or more | 22 | 21 |
Available-for-sale, Securities in Unrealized Loss Positions, Number of Positions | 101 | 67 |
Mortgage backed securities commercial [Member] | ||
Number of securities with unrealized losses [Abstract] | ||
Number of available-for-sale securities in unrealized loss positions, less than 12 months | 8 | 5 |
Number of available-for-sale securities in unrealized loss positions, 12 months or more | 0 | 0 |
Available-for-sale, Securities in Unrealized Loss Positions, Number of Positions | 8 | 5 |
State and Municipal Securities [Member] | ||
Number of securities with unrealized losses [Abstract] | ||
Number of available-for-sale securities in unrealized loss positions, less than 12 months | 82 | 17 |
Number of available-for-sale securities in unrealized loss positions, 12 months or more | 62 | 62 |
Available-for-sale, Securities in Unrealized Loss Positions, Number of Positions | 144 | 79 |
SECURITIES (Additional information) (Details) - USD ($) $ in Millions |
Jun. 30, 2018 |
Dec. 31, 2017 |
Jun. 30, 2017 |
---|---|---|---|
Information related to available for sale securities [Abstract] | |||
Securities Received as Collateral | $ 189.3 | $ 171.1 | |
Twenty Two Securities [Member] | |||
Information related to available for sale securities [Abstract] | |||
Fair Value of securities slold | $ 12.3 | ||
Thirty Five Securities [Member] | |||
Information related to available for sale securities [Abstract] | |||
Fair Value of securities slold | $ 35.8 | ||
Eight Securities [Member] | |||
Information related to available for sale securities [Abstract] | |||
Fair Value of securities slold | $ 19.0 |
LOANS (Total Loans Outstanding) (Details) - USD ($) $ in Thousands |
6 Months Ended | 12 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 30, 2018 |
Dec. 31, 2017 |
Mar. 31, 2018 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
|
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 3,860,145 | $ 3,819,525 | ||||
Percentage of Subtotal | 100.00% | 100.00% | ||||
Less: Allowance for loan losses | $ (47,706) | $ (47,121) | $ (45,627) | $ (44,563) | $ (43,774) | $ (43,718) |
Net deferred loan fees | (1,432) | (1,066) | ||||
Loans, net | 3,811,007 | 3,771,338 | ||||
Commercial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 3,407,101 | $ 3,370,511 | ||||
Percentage of Total commercial loans | 88.20% | 88.20% | ||||
Total consumer loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Percentage of Total consumer loans | 11.80% | 11.80% | ||||
Other consumer loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 80,097 | $ 74,369 | ||||
Percentage of Total consumer loans | 2.10% | 2.00% | ||||
Consumer Loan Open Ended Revolving Lines [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 453,044 | $ 449,014 | ||||
Commercial and industrial loans: | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Less: Allowance for loan losses | (22,524) | (21,097) | (20,725) | (20,219) | (19,781) | (20,272) |
Commercial and industrial loans: | Commercial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 1,472,028 | $ 1,418,681 | ||||
Percentage of Total commercial loans | 38.10% | 37.10% | ||||
Commercial and industrial loans: | Working capital lines of credit loans | Commercial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 780,910 | $ 743,609 | ||||
Percentage of Total commercial loans | 20.20% | 19.40% | ||||
Commercial and industrial loans: | Non-working capital loans | Commercial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 691,118 | $ 675,072 | ||||
Percentage of Total commercial loans | 17.90% | 17.70% | ||||
Commercial real estate and multi-family residential loans: | Commercial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 1,510,310 | $ 1,444,913 | ||||
Percentage of Total commercial loans | 39.10% | 37.80% | ||||
Commercial real estate and multi-family residential loans: | Construction and land development loans | Commercial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 200,438 | $ 224,474 | ||||
Percentage of Total commercial loans | 5.20% | 5.90% | ||||
Commercial real estate and multi-family residential loans: | Owner occupied loans | Commercial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 569,453 | $ 538,603 | ||||
Percentage of Total commercial loans | 14.80% | 14.10% | ||||
Commercial real estate and multi-family residential loans: | Nonowner occupied loans | Commercial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 518,840 | $ 508,121 | ||||
Percentage of Total commercial loans | 13.40% | 13.30% | ||||
Commercial real estate and multi-family residential loans: | Multifamily loans | Commercial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 221,579 | $ 173,715 | ||||
Percentage of Total commercial loans | 5.70% | 4.50% | ||||
Agri-business and agricultural loans: | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Less: Allowance for loan losses | $ (4,585) | $ (4,920) | $ (4,848) | $ (3,870) | $ (3,459) | $ (3,532) |
Agri-business and agricultural loans: | Commercial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 304,222 | $ 382,841 | ||||
Percentage of Total commercial loans | 7.90% | 10.00% | ||||
Agri-business and agricultural loans: | Loans secured by farmland | Commercial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 148,396 | $ 186,437 | ||||
Percentage of Total commercial loans | 3.90% | 4.90% | ||||
Agri-business and agricultural loans: | Loans for agricultural production | Commercial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 155,826 | $ 196,404 | ||||
Percentage of Total commercial loans | 4.00% | 5.10% | ||||
Other commercial loans | Commercial Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 120,541 | $ 124,076 | ||||
Percentage of Total commercial loans | 3.10% | 3.30% | ||||
Consumer 1-4 family mortgage loans: | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 372,947 | $ 374,645 | ||||
Percentage of Total consumer loans | 9.70% | 9.80% | ||||
Consumer 1-4 family mortgage loans: | Closed end first mortgage loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 180,099 | $ 179,302 | ||||
Percentage of Total consumer loans | 4.70% | 4.70% | ||||
Consumer 1-4 family mortgage loans: | Open end and junior lien loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 179,622 | $ 181,865 | ||||
Percentage of Total consumer loans | 4.70% | 4.80% | ||||
Consumer 1-4 family mortgage loans: | Residential construction and land development loans | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total Commercial And Consumer Loans | $ 13,226 | $ 13,478 | ||||
Percentage of Total consumer loans | 0.30% | 0.30% |
LOANS (Additional information) (Details) - USD ($) |
Jun. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Mortgage Loans in Process of Foreclosure, Amount | $ 258,000 | $ 47,000 |
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Allowance for loan losses by portfolio segment) (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
|
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | $ 45,627 | $ 43,774 | $ 47,121 | $ 43,718 |
Provision for loan losses | 1,700 | 500 | 5,000 | 700 |
Loans charged-off | (128) | (261) | (5,105) | (764) |
Recoveries | 507 | 550 | 690 | 909 |
Net loans charged-off | 379 | 289 | (4,415) | 145 |
Ending balance | 47,706 | 44,563 | 47,706 | 44,563 |
Commercial and industrial loans: | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 20,725 | 19,781 | 21,097 | 20,272 |
Provision for loan losses | 1,392 | 160 | 5,294 | (179) |
Loans charged-off | (57) | (11) | (4,417) | (386) |
Recoveries | 464 | 289 | 550 | 512 |
Net loans charged-off | 407 | 278 | (3,867) | 126 |
Ending balance | 22,524 | 20,219 | 22,524 | 20,219 |
Commercial Real Estate and Multifamily Residential Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 14,438 | 13,718 | 14,714 | 13,452 |
Provision for loan losses | 508 | 61 | 715 | 318 |
Loans charged-off | 0 | (211) | (491) | (259) |
Recoveries | 8 | 207 | 16 | 264 |
Net loans charged-off | 8 | (4) | (475) | 5 |
Ending balance | 14,954 | 13,775 | 14,954 | 13,775 |
Agri-business and agricultural loans: | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 4,848 | 3,459 | 4,920 | 3,532 |
Provision for loan losses | (268) | 405 | (344) | 328 |
Loans charged-off | 0 | 0 | 0 | 0 |
Recoveries | 5 | 6 | 9 | 10 |
Net loans charged-off | 5 | 6 | 9 | 10 |
Ending balance | 4,585 | 3,870 | 4,585 | 3,870 |
Other Commercial [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 510 | 545 | 577 | 461 |
Provision for loan losses | (46) | 23 | (113) | 107 |
Loans charged-off | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Net loans charged-off | 0 | 0 | 0 | 0 |
Ending balance | 464 | 568 | 464 | 568 |
Consumer 1-4 Family Mortgage Loans [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 2,018 | 2,790 | 2,768 | 2,827 |
Provision for loan losses | (68) | (123) | (862) | (200) |
Loans charged-off | 0 | (6) | (7) | (13) |
Recoveries | 3 | 28 | 54 | 75 |
Net loans charged-off | 3 | 22 | 47 | 62 |
Ending balance | 1,953 | 2,689 | 1,953 | 2,689 |
Other Consumer [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 245 | 379 | 379 | 387 |
Provision for loan losses | 65 | 23 | 16 | 60 |
Loans charged-off | (71) | (33) | (190) | (106) |
Recoveries | 27 | 20 | 61 | 48 |
Net loans charged-off | (44) | (13) | (129) | (58) |
Ending balance | 266 | 389 | 266 | 389 |
Unallocated [Member] | ||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||
Beginning balance | 2,843 | 3,102 | 2,666 | 2,787 |
Provision for loan losses | 117 | (49) | 294 | 266 |
Loans charged-off | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Net loans charged-off | 0 | 0 | 0 | 0 |
Ending balance | $ 2,960 | $ 3,053 | $ 2,960 | $ 3,053 |
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Balance In The Allowance For Loan Losses And The Recorded Investment In Loans By Portfolio Management) (Details) - USD ($) $ in Thousands |
Jun. 30, 2018 |
Mar. 31, 2018 |
Dec. 31, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
---|---|---|---|---|---|---|
Ending allowance balance attributable to loans: | ||||||
Individually evaluated for impairment | $ 2,813 | $ 3,216 | ||||
Collectively evaluated for impairment | 44,893 | 43,905 | ||||
Total ending allowance balance | 47,706 | $ 45,627 | 47,121 | $ 44,563 | $ 43,774 | $ 43,718 |
Loans: | ||||||
Loans individually evaluated for impairment | 16,936 | 13,870 | ||||
Loans collectively evaluated for impairment | 3,841,777 | 3,804,589 | ||||
Total ending loans balance | 3,858,713 | 3,818,459 | ||||
Commercial and industrial loans: | ||||||
Ending allowance balance attributable to loans: | ||||||
Individually evaluated for impairment | 2,046 | 2,067 | ||||
Collectively evaluated for impairment | 20,478 | 19,030 | ||||
Total ending allowance balance | 22,524 | 20,725 | 21,097 | 20,219 | 19,781 | 20,272 |
Loans: | ||||||
Loans individually evaluated for impairment | 10,603 | 6,979 | ||||
Loans collectively evaluated for impairment | 1,461,326 | 1,411,648 | ||||
Total ending loans balance | 1,471,929 | 1,418,627 | ||||
Commercial Real Estate and MultiFamily Residential Loans [Member] | ||||||
Ending allowance balance attributable to loans: | ||||||
Individually evaluated for impairment | 536 | 795 | ||||
Collectively evaluated for impairment | 14,418 | 13,919 | ||||
Total ending allowance balance | 14,954 | 14,438 | 14,714 | 13,775 | 13,718 | 13,452 |
Loans: | ||||||
Loans individually evaluated for impairment | 4,291 | 4,802 | ||||
Loans collectively evaluated for impairment | 1,503,794 | 1,438,219 | ||||
Total ending loans balance | 1,508,085 | 1,443,021 | ||||
Agri-business and Agricultural Loans [Member] | ||||||
Ending allowance balance attributable to loans: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 4,585 | 4,920 | ||||
Total ending allowance balance | 4,585 | 4,848 | 4,920 | 3,870 | 3,459 | 3,532 |
Loans: | ||||||
Loans individually evaluated for impairment | 283 | 283 | ||||
Loans collectively evaluated for impairment | 304,033 | 382,643 | ||||
Total ending loans balance | 304,316 | 382,926 | ||||
Other Commercial [Member] | ||||||
Ending allowance balance attributable to loans: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 464 | 577 | ||||
Total ending allowance balance | 464 | 510 | 577 | 568 | 545 | 461 |
Loans: | ||||||
Loans individually evaluated for impairment | 0 | 0 | ||||
Loans collectively evaluated for impairment | 120,395 | 123,922 | ||||
Total ending loans balance | 120,395 | 123,922 | ||||
Consumer 1-4 Family Mortgage Loans [Member] | ||||||
Ending allowance balance attributable to loans: | ||||||
Individually evaluated for impairment | 205 | 310 | ||||
Collectively evaluated for impairment | 1,748 | 2,458 | ||||
Total ending allowance balance | 1,953 | 2,018 | 2,768 | 2,689 | 2,790 | 2,827 |
Loans: | ||||||
Loans individually evaluated for impairment | 1,712 | 1,756 | ||||
Loans collectively evaluated for impairment | 372,394 | 374,013 | ||||
Total ending loans balance | 374,106 | 375,769 | ||||
Other Consumer [Member] | ||||||
Ending allowance balance attributable to loans: | ||||||
Individually evaluated for impairment | 26 | 44 | ||||
Collectively evaluated for impairment | 240 | 335 | ||||
Total ending allowance balance | 266 | 245 | 379 | 389 | 379 | 387 |
Loans: | ||||||
Loans individually evaluated for impairment | 47 | 50 | ||||
Loans collectively evaluated for impairment | 79,835 | 74,144 | ||||
Total ending loans balance | 79,882 | 74,194 | ||||
Unallocated [Member] | ||||||
Ending allowance balance attributable to loans: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 2,960 | 2,666 | ||||
Total ending allowance balance | 2,960 | $ 2,843 | 2,666 | $ 3,053 | $ 3,102 | $ 2,787 |
Loans: | ||||||
Loans individually evaluated for impairment | 0 | 0 | ||||
Loans collectively evaluated for impairment | 0 | 0 | ||||
Total ending loans balance | $ 0 | $ 0 |
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Loans Individually Evaluated For Impairment) (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
Dec. 31, 2017 |
|
Loans Individually Evaluated for Impairment [Abstract] | |||||
Unpaid Principal Balance | $ 23,105 | $ 23,105 | $ 15,897 | ||
Recorded Investment | 16,936 | 16,936 | 13,870 | ||
Allowance for Loan Losses Allocated | 2,813 | 2,813 | 3,216 | ||
Average Recorded Investment | 15,859 | $ 19,698 | 15,042 | $ 20,222 | |
Interest Income Recognized | 55 | 154 | 110 | 329 | |
Cash Basis Interest Income Recogonized | 92 | 115 | 112 | 294 | |
Other Consumer Loans [Member] | |||||
Loans Individually Evaluated for Impairment [Abstract] | |||||
Unpaid principal balance with an allowance recorded | 47 | 47 | 50 | ||
Recorded investment with an allowance recorded | 47 | 47 | 50 | ||
Allowance for loans losses allocated with an allowance recorded | 26 | 26 | 44 | ||
Average Recorded Investment with an allowance recorded | 48 | 53 | 48 | 54 | |
Interest Income Recognized with an allowance recorded | 0 | 1 | 1 | 2 | |
Cash basis interest income recognized with an allowance recorded | 2 | 0 | 2 | 1 | |
Commercial and industrial loans: | |||||
Loans Individually Evaluated for Impairment [Abstract] | |||||
Allowance for Loan Losses Allocated | 2,046 | 2,046 | 2,067 | ||
Commercial and industrial loans: | Working Capital Lines Of Credit Loans [Member] | |||||
Loans Individually Evaluated for Impairment [Abstract] | |||||
Unpaid principal balance with no related allowance recorded | 491 | 491 | 491 | ||
Unpaid principal balance with an allowance recorded | 7,282 | 7,282 | 1,617 | ||
Recorded Investment with no related allowance recorded | 491 | 491 | 491 | ||
Recorded investment with an allowance recorded | 4,594 | 4,594 | 1,617 | ||
Allowance for loan losses allocated with no related allowance recorded | 0 | 0 | 0 | ||
Allowance for loans losses allocated with an allowance recorded | 707 | 707 | 667 | ||
Average Recorded Investment with no related allowance recorded | 1,011 | 562 | 1,011 | 570 | |
Average Recorded Investment with an allowance recorded | 3,005 | 2,376 | 2,307 | 1,870 | |
Interest Income Recognized with no related allowance recorded | 6 | 8 | 13 | 15 | |
Interest Income Recognized with an allowance recorded | 2 | 11 | 4 | 22 | |
Cash basis interest income recognized with no related allowance recorded | 14 | 8 | 16 | 15 | |
Cash basis interest income recognized with an allowance recorded | 2 | 4 | 3 | 17 | |
Commercial and industrial loans: | Non-working capital loans | |||||
Loans Individually Evaluated for Impairment [Abstract] | |||||
Unpaid principal balance with no related allowance recorded | 3,006 | 3,006 | 2,973 | ||
Unpaid principal balance with an allowance recorded | 4,857 | 4,857 | 3,292 | ||
Recorded Investment with no related allowance recorded | 1,611 | 1,611 | 1,579 | ||
Recorded investment with an allowance recorded | 3,907 | 3,907 | 3,292 | ||
Allowance for loan losses allocated with no related allowance recorded | 0 | 0 | 0 | ||
Allowance for loans losses allocated with an allowance recorded | 1,339 | 1,339 | 1,400 | ||
Average Recorded Investment with no related allowance recorded | 1,738 | 1,310 | 1,733 | 1,345 | |
Average Recorded Investment with an allowance recorded | 3,513 | 6,855 | 3,365 | 6,777 | |
Interest Income Recognized with no related allowance recorded | 16 | 9 | 31 | 17 | |
Interest Income Recognized with an allowance recorded | 3 | 42 | 5 | 91 | |
Cash basis interest income recognized with no related allowance recorded | 26 | 6 | 31 | 14 | |
Cash basis interest income recognized with an allowance recorded | 6 | 30 | 6 | 81 | |
Commercial Real Estate and Multi-Family Residential Loans [Member] | |||||
Loans Individually Evaluated for Impairment [Abstract] | |||||
Allowance for Loan Losses Allocated | 536 | 536 | 795 | ||
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and land development loans | |||||
Loans Individually Evaluated for Impairment [Abstract] | |||||
Unpaid principal balance with no related allowance recorded | 88 | 88 | 88 | ||
Unpaid principal balance with an allowance recorded | 325 | 325 | 827 | ||
Recorded Investment with no related allowance recorded | 88 | 88 | 88 | ||
Recorded investment with an allowance recorded | 324 | 324 | 827 | ||
Allowance for loan losses allocated with no related allowance recorded | 0 | 0 | 0 | ||
Allowance for loans losses allocated with an allowance recorded | 124 | 124 | 350 | ||
Average Recorded Investment with no related allowance recorded | 88 | 126 | 95 | 126 | |
Average Recorded Investment with an allowance recorded | 491 | 606 | |||
Interest Income Recognized with no related allowance recorded | 2 | 1 | 3 | 2 | |
Interest Income Recognized with an allowance recorded | 6 | 17 | |||
Cash basis interest income recognized with no related allowance recorded | 3 | 1 | 3 | 2 | |
Cash basis interest income recognized with an allowance recorded | 13 | 18 | |||
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | |||||
Loans Individually Evaluated for Impairment [Abstract] | |||||
Unpaid principal balance with no related allowance recorded | 2,928 | 2,928 | 2,558 | ||
Unpaid principal balance with an allowance recorded | 1,689 | 1,689 | 1,577 | ||
Recorded Investment with no related allowance recorded | 2,548 | 2,548 | 2,310 | ||
Recorded investment with an allowance recorded | 1,331 | 1,331 | 1,577 | ||
Allowance for loan losses allocated with no related allowance recorded | 0 | 0 | 0 | ||
Allowance for loans losses allocated with an allowance recorded | 412 | 412 | 445 | ||
Average Recorded Investment with no related allowance recorded | 2,868 | 2,390 | 2,712 | 2,481 | |
Average Recorded Investment with an allowance recorded | 1,041 | 1,544 | 1,117 | 1,605 | |
Interest Income Recognized with no related allowance recorded | 9 | 2 | 16 | 3 | |
Interest Income Recognized with an allowance recorded | 1 | 3 | 1 | 8 | |
Cash basis interest income recognized with no related allowance recorded | 12 | 1 | 14 | 2 | |
Cash basis interest income recognized with an allowance recorded | 1 | 2 | 1 | 7 | |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Nonowner Occupied Loans [Member] | |||||
Loans Individually Evaluated for Impairment [Abstract] | |||||
Average Recorded Investment with no related allowance recorded | 2,803 | 3,703 | |||
Interest Income Recognized with no related allowance recorded | 70 | 154 | |||
Cash basis interest income recognized with no related allowance recorded | 59 | 143 | |||
Agri-business and agricultural loans: | |||||
Loans Individually Evaluated for Impairment [Abstract] | |||||
Allowance for Loan Losses Allocated | 0 | 0 | 0 | ||
Agri-business and agricultural loans: | Loans Secured By Farmland [Member] | |||||
Loans Individually Evaluated for Impairment [Abstract] | |||||
Unpaid principal balance with no related allowance recorded | 603 | 603 | 603 | ||
Recorded Investment with no related allowance recorded | 283 | 283 | 283 | ||
Allowance for loan losses allocated with no related allowance recorded | 0 | 0 | 0 | ||
Average Recorded Investment with no related allowance recorded | 283 | 283 | 283 | 283 | |
Interest Income Recognized with no related allowance recorded | 0 | 0 | 0 | 0 | |
Cash basis interest income recognized with no related allowance recorded | 0 | 0 | 0 | 0 | |
Consumer 1-4 Family Mortgage Loans [Member] | |||||
Loans Individually Evaluated for Impairment [Abstract] | |||||
Allowance for Loan Losses Allocated | 205 | 205 | 310 | ||
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | |||||
Loans Individually Evaluated for Impairment [Abstract] | |||||
Unpaid principal balance with no related allowance recorded | 579 | 579 | 636 | ||
Unpaid principal balance with an allowance recorded | 967 | 967 | 950 | ||
Recorded Investment with no related allowance recorded | 500 | 500 | 570 | ||
Recorded investment with an allowance recorded | 968 | 968 | 950 | ||
Allowance for loan losses allocated with no related allowance recorded | 0 | 0 | 0 | ||
Allowance for loans losses allocated with an allowance recorded | 205 | 205 | 269 | ||
Average Recorded Investment with no related allowance recorded | 533 | 213 | 538 | 202 | |
Average Recorded Investment with an allowance recorded | 993 | 1,028 | 981 | 1,050 | |
Interest Income Recognized with no related allowance recorded | 2 | 2 | 4 | 3 | |
Interest Income Recognized with an allowance recorded | 8 | 5 | 15 | 12 | |
Cash basis interest income recognized with no related allowance recorded | 3 | 2 | 4 | 3 | |
Cash basis interest income recognized with an allowance recorded | 10 | 2 | 14 | 9 | |
Consumer 1-4 Family Mortgage Loans [Member] | Open End and Junior Lien Loans [Member] | |||||
Loans Individually Evaluated for Impairment [Abstract] | |||||
Unpaid principal balance with no related allowance recorded | 235 | ||||
Unpaid principal balance with an allowance recorded | 243 | 243 | |||
Recorded Investment with no related allowance recorded | 236 | ||||
Recorded investment with an allowance recorded | 244 | 244 | |||
Allowance for loan losses allocated with no related allowance recorded | $ 41 | ||||
Allowance for loans losses allocated with an allowance recorded | 0 | 0 | |||
Average Recorded Investment with no related allowance recorded | 247 | 155 | 169 | 156 | |
Average Recorded Investment with an allowance recorded | 77 | ||||
Interest Income Recognized with no related allowance recorded | 0 | 0 | 0 | 0 | |
Interest Income Recognized with an allowance recorded | 0 | ||||
Cash basis interest income recognized with no related allowance recorded | $ 0 | $ 0 | 0 | $ 0 | |
Cash basis interest income recognized with an allowance recorded | $ 0 |
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Aging Of The Recorded Investment In Past Due Loans) (Details) - USD ($) $ in Thousands |
Jun. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | $ 3,844,321 | $ 3,799,432 |
30-89 Days Past Due | 1,615 | 9,619 |
Nonaccrual | 12,777 | 9,402 |
Total Past Due and Nonaccural | 14,392 | 19,027 |
Total | 3,858,713 | 3,818,459 |
Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 6 |
Other commercial loans | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 120,395 | 123,922 |
30-89 Days Past Due | 0 | 0 |
Nonaccrual | 0 | 0 |
Total Past Due and Nonaccural | 0 | 0 |
Total | 120,395 | 123,922 |
Other commercial loans | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Other consumer loans | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 79,828 | 74,102 |
30-89 Days Past Due | 54 | 92 |
Nonaccrual | 0 | 0 |
Total Past Due and Nonaccural | 54 | 92 |
Total | 79,882 | 74,194 |
Other consumer loans | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Commercial and industrial loans: | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total | 1,471,929 | 1,418,627 |
Commercial and industrial loans: | Working Capital Lines Of Credit Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 776,348 | 742,205 |
30-89 Days Past Due | 30 | 11 |
Nonaccrual | 4,611 | 1,459 |
Total Past Due and Nonaccural | 4,641 | 1,470 |
Total | 780,989 | 743,675 |
Commercial and industrial loans: | Working Capital Lines Of Credit Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Commercial and industrial loans: | Non-working capital loans | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 686,853 | 671,490 |
30-89 Days Past Due | 0 | 0 |
Nonaccrual | 4,087 | 3,462 |
Total Past Due and Nonaccural | 4,087 | 3,462 |
Total | 690,940 | 674,952 |
Commercial and industrial loans: | Non-working capital loans | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total | 1,508,085 | 1,443,021 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and land development loans | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 199,046 | 215,713 |
30-89 Days Past Due | 324 | 8,000 |
Nonaccrual | 0 | 0 |
Total Past Due and Nonaccural | 324 | 8,000 |
Total | 199,370 | 223,713 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and land development loans | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 565,838 | 534,648 |
30-89 Days Past Due | 0 | 0 |
Nonaccrual | 3,242 | 3,620 |
Total Past Due and Nonaccural | 3,242 | 3,620 |
Total | 569,080 | 538,268 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 518,475 | 507,696 |
30-89 Days Past Due | 0 | 0 |
Nonaccrual | 0 | 0 |
Total Past Due and Nonaccural | 0 | 0 |
Total | 518,475 | 507,696 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Nonowner Occupied Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Multifamily Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 221,160 | 173,100 |
30-89 Days Past Due | 0 | 244 |
Nonaccrual | 0 | 0 |
Total Past Due and Nonaccural | 0 | 244 |
Total | 221,160 | 173,344 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Multifamily Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Agri-business and agricultural loans: | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total | 304,316 | 382,926 |
Agri-business and agricultural loans: | Loans Secured By Farmland [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 148,118 | 186,160 |
30-89 Days Past Due | 0 | 0 |
Nonaccrual | 283 | 283 |
Total Past Due and Nonaccural | 283 | 283 |
Total | 148,401 | 186,443 |
Agri-business and agricultural loans: | Loans Secured By Farmland [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Agri-business and agricultural loans: | Loans For Agricultural Production [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 155,915 | 196,483 |
30-89 Days Past Due | 0 | 0 |
Nonaccrual | 0 | 0 |
Total Past Due and Nonaccural | 0 | 0 |
Total | 155,915 | 196,483 |
Agri-business and agricultural loans: | Loans For Agricultural Production [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Consumer 1-4 Family Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total | 374,106 | 375,769 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 178,347 | 177,410 |
30-89 Days Past Due | 1,084 | 1,183 |
Nonaccrual | 310 | 342 |
Total Past Due and Nonaccural | 1,394 | 1,531 |
Total | 179,741 | 178,941 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 6 |
Consumer 1-4 Family Mortgage Loans [Member] | Open End and Junior Lien Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 180,860 | 183,056 |
30-89 Days Past Due | 66 | 89 |
Nonaccrual | 244 | 236 |
Total Past Due and Nonaccural | 310 | 325 |
Total | 181,170 | 183,381 |
Consumer 1-4 Family Mortgage Loans [Member] | Open End and Junior Lien Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | 0 | 0 |
Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Loans Not Past Due | 13,138 | 13,447 |
30-89 Days Past Due | 57 | 0 |
Nonaccrual | 0 | 0 |
Total Past Due and Nonaccural | 57 | 0 |
Total | 13,195 | 13,447 |
Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction Loans [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Aging [Abstract] | ||
Total Past Due | $ 0 | $ 0 |
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Troubled Debt Restructuring) (Details) - USD ($) $ in Thousands |
Jun. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Troubled Debt Restructuring [Abstract] | ||
Accruing troubled debt restructured loans | $ 3,402 | $ 2,893 |
Nonaccrual troubled debt restructured loans | 7,666 | 7,750 |
Total troubled debt restructured loans | $ 11,068 | $ 10,643 |
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Loans By Class Modified As Troubled Debt Restructuring) (Details) $ in Thousands |
3 Months Ended | 6 Months Ended | |
---|---|---|---|
Jun. 30, 2018
USD ($)
Number
|
Jun. 30, 2018
USD ($)
Number
|
Jun. 30, 2017
USD ($)
Number
|
|
Modified Repayment Terms [Member] | |||
Troubled Debt Restructurings Modified During Period [Abstract] | |||
Number of Loans | Number | 1 | 6 | 4 |
Extension period for modified repayment terms | 0 months | ||
Modified Repayment Terms [Member] | Minimum [Member] | |||
Troubled Debt Restructurings Modified During Period [Abstract] | |||
Extension period for modified repayment terms | 0 months | 6 months | |
Modified Repayment Terms [Member] | Maximum [Member] | |||
Troubled Debt Restructurings Modified During Period [Abstract] | |||
Extension period for modified repayment terms | 239 months | 350 months | |
All Modifications [Member] | |||
Troubled Debt Restructurings Modified During Period [Abstract] | |||
Number of Loans | Number | 1 | 6 | 4 |
Pre-Modification Outstanding Recorded Investment | $ 20 | $ 3,429 | $ 2,242 |
Post-Modification Outstanding Recorded Investment | $ 20 | $ 3,428 | $ 2,244 |
Commercial and industrial loans: | Working Capital Lines Of Credit Loans [Member] | Modified Repayment Terms [Member] | |||
Troubled Debt Restructurings Modified During Period [Abstract] | |||
Number of Loans | Number | 1 | ||
Extension period for modified repayment terms | 0 months | ||
Commercial and industrial loans: | Working Capital Lines Of Credit Loans [Member] | All Modifications [Member] | |||
Troubled Debt Restructurings Modified During Period [Abstract] | |||
Number of Loans | Number | 1 | ||
Pre-Modification Outstanding Recorded Investment | $ 600 | ||
Post-Modification Outstanding Recorded Investment | $ 600 | ||
Commercial and industrial loans: | Non Working Capital Loans [Member] | Modified Repayment Terms [Member] | |||
Troubled Debt Restructurings Modified During Period [Abstract] | |||
Number of Loans | Number | 1 | 2 | 2 |
Extension period for modified repayment terms | 0 months | 0 months | 6 months |
Commercial and industrial loans: | Non Working Capital Loans [Member] | All Modifications [Member] | |||
Troubled Debt Restructurings Modified During Period [Abstract] | |||
Number of Loans | Number | 1 | 2 | 2 |
Pre-Modification Outstanding Recorded Investment | $ 20 | $ 1,420 | $ 1,712 |
Post-Modification Outstanding Recorded Investment | $ 20 | $ 1,420 | $ 1,712 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and land development loans | Modified Repayment Terms [Member] | |||
Troubled Debt Restructurings Modified During Period [Abstract] | |||
Number of Loans | Number | 1 | ||
Extension period for modified repayment terms | 12 months | ||
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and land development loans | All Modifications [Member] | |||
Troubled Debt Restructurings Modified During Period [Abstract] | |||
Number of Loans | Number | 1 | ||
Pre-Modification Outstanding Recorded Investment | $ 824 | ||
Post-Modification Outstanding Recorded Investment | $ 824 | ||
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | Modified Repayment Terms [Member] | |||
Troubled Debt Restructurings Modified During Period [Abstract] | |||
Number of Loans | Number | 1 | 1 | |
Extension period for modified repayment terms | 12 months | 6 months | |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | All Modifications [Member] | |||
Troubled Debt Restructurings Modified During Period [Abstract] | |||
Number of Loans | 1 | 1 | |
Pre-Modification Outstanding Recorded Investment | $ 387 | $ 486 | |
Post-Modification Outstanding Recorded Investment | $ 387 | $ 486 | |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | Modified Repayment Terms [Member] | |||
Troubled Debt Restructurings Modified During Period [Abstract] | |||
Number of Loans | Number | 1 | 1 | |
Extension period for modified repayment terms | 239 months | 350 months | |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | All Modifications [Member] | |||
Troubled Debt Restructurings Modified During Period [Abstract] | |||
Number of Loans | Number | 1 | 1 | |
Pre-Modification Outstanding Recorded Investment | $ 198 | $ 44 | |
Post-Modification Outstanding Recorded Investment | $ 197 | $ 46 |
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Credit Quality Indicators) (Details) - USD ($) $ in Thousands |
Jun. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | $ 3,858,713 | $ 3,818,459 |
Other commercial loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 120,395 | 123,922 |
Other Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 79,882 | 74,194 |
Commercial and industrial loans: | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 1,471,929 | 1,418,627 |
Commercial and industrial loans: | Working Capital Lines of Credit Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 780,989 | 743,675 |
Commercial and industrial loans: | Non-working capital loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 690,940 | 674,952 |
Commercial Real Estate and Multi-family Residential Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 1,508,085 | 1,443,021 |
Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and land development loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 199,370 | 223,713 |
Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 569,080 | 538,268 |
Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 518,475 | 507,696 |
Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 221,160 | 173,344 |
Agri-business and agricultural loans: | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 304,316 | 382,926 |
Agri-business and agricultural loans: | Loans Secured By Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 148,401 | 186,443 |
Agri-business and agricultural loans: | Loans For Agricultural Production [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 155,915 | 196,483 |
Consumer 1-4 Family Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 374,106 | 375,769 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 179,741 | 178,941 |
Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 181,170 | 183,381 |
Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 13,195 | 13,447 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 3,262,066 | 3,272,841 |
Pass [Member] | Other commercial loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 120,391 | 123,917 |
Pass [Member] | Other Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 13,832 | 18,642 |
Pass [Member] | Commercial and industrial loans: | Working Capital Lines of Credit Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 692,253 | 688,748 |
Pass [Member] | Commercial and industrial loans: | Non-working capital loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 634,295 | 624,275 |
Pass [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and land development loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 198,605 | 222,445 |
Pass [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 523,574 | 496,231 |
Pass [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 515,925 | 505,033 |
Pass [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 220,931 | 173,100 |
Pass [Member] | Agri-business and agricultural loans: | Loans Secured By Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 136,465 | 174,118 |
Pass [Member] | Agri-business and agricultural loans: | Loans For Agricultural Production [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 144,728 | 185,772 |
Pass [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 52,761 | 52,301 |
Pass [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 8,306 | 8,259 |
Pass [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 136,376 | 93,228 |
Special Mention [Member] | Other commercial loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Special Mention [Member] | Other Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Special Mention [Member] | Commercial and industrial loans: | Working Capital Lines of Credit Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 64,679 | 33,337 |
Special Mention [Member] | Commercial and industrial loans: | Non-working capital loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 27,890 | 20,171 |
Special Mention [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and land development loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 441 | 441 |
Special Mention [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 23,609 | 19,361 |
Special Mention [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 1,883 | 1,970 |
Special Mention [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 229 | 244 |
Special Mention [Member] | Agri-business and agricultural loans: | Loans Secured By Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 8,358 | 7,988 |
Special Mention [Member] | Agri-business and agricultural loans: | Loans For Agricultural Production [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 9,287 | 9,716 |
Special Mention [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Special Mention [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Special Mention [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 77,479 | 78,518 |
Substandard [Member] | Other commercial loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Substandard [Member] | Other Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 47 | 50 |
Substandard [Member] | Commercial and industrial loans: | Working Capital Lines of Credit Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 23,698 | 21,350 |
Substandard [Member] | Commercial and industrial loans: | Non-working capital loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 23,657 | 25,834 |
Substandard [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and land development loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 324 | 827 |
Substandard [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 21,897 | 22,676 |
Substandard [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 667 | 693 |
Substandard [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Substandard [Member] | Agri-business and agricultural loans: | Loans Secured By Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 3,578 | 4,337 |
Substandard [Member] | Agri-business and agricultural loans: | Loans For Agricultural Production [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 1,900 | 995 |
Substandard [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 1,467 | 1,520 |
Substandard [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 244 | 236 |
Substandard [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Other commercial loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Other Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Commercial and industrial loans: | Working Capital Lines of Credit Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Commercial and industrial loans: | Non-working capital loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and land development loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Agri-business and agricultural loans: | Loans Secured By Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Agri-business and agricultural loans: | Loans For Agricultural Production [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Doubtful [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Not Rated [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 382,792 | 373,872 |
Not Rated [Member] | Other commercial loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 4 | 5 |
Not Rated [Member] | Other Consumer Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 66,003 | 55,502 |
Not Rated [Member] | Commercial and industrial loans: | Working Capital Lines of Credit Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 359 | 240 |
Not Rated [Member] | Commercial and industrial loans: | Non-working capital loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 5,098 | 4,672 |
Not Rated [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Construction and land development loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Not Rated [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Not Rated [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Nonowner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Not Rated [Member] | Commercial Real Estate and Multi-family Residential Loans [Member] | Multifamily Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Not Rated [Member] | Agri-business and agricultural loans: | Loans Secured By Farmland [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Not Rated [Member] | Agri-business and agricultural loans: | Loans For Agricultural Production [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 0 | 0 |
Not Rated [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 125,513 | 125,120 |
Not Rated [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Open End And Junior Lien Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | 172,620 | 174,886 |
Not Rated [Member] | Consumer 1-4 Family Mortgage Loans [Member] | Residential Construction and Land Development Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total ending loans balance | $ 13,195 | $ 13,447 |
ALLOWANCE FOR LOAN LOSSES AND CREDIT QUALITY (Additional Information) (Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
Mar. 31, 2018 |
Dec. 31, 2017 |
Mar. 31, 2017 |
|
Troubled Debt Restructuring [Abstract] | ||||||
Loans Modified In Troubled Debt Restructured Loans | $ 2,100,000 | $ 2,300,000 | ||||
Loan amount of credit quality analysis | 150,000 | |||||
Commercial and industrial loans: | ||||||
Troubled Debt Restructuring [Abstract] | ||||||
Increase (decrease) in allowance for loan loss | $ 3,000 | $ 86,000 | ||||
Financing Receivable, Modifications, Recorded Investment | 875,000 | $ 341,000 | ||||
Commercial and industrial loans: | One Commercial Credit [Member] | ||||||
Troubled Debt Restructuring [Abstract] | ||||||
Financing Receivable, Modifications, Recorded Investment | 107,000 | |||||
Commercial and industrial loans: | Non-working capital loans | ||||||
Troubled Debt Restructuring [Abstract] | ||||||
Financing Receivable, Modifications, Recorded Investment | 484,000 | $ 551,000 | ||||
Commercial and industrial loans: | Working Capital Loan [Member] | ||||||
Troubled Debt Restructuring [Abstract] | ||||||
Financing Receivable, Modifications, Recorded Investment | $ 690,000 | |||||
Commercial Real Estate and Multi-Family Residential Loans [Member] | ||||||
Troubled Debt Restructuring [Abstract] | ||||||
Increase (decrease) in allowance for loan loss | 166,000 | |||||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 1,600,000 | |||||
Commercial Real Estate and Multi-Family Residential Loans [Member] | Two Commercial Credits [Member] | ||||||
Troubled Debt Restructuring [Abstract] | ||||||
Financing Receivable, Modifications, Recorded Investment | $ 500,000 |
FAIR VALUE DISCLOSURES (Assets and Liabilities Measured At Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands |
Jun. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Assets | ||
Total Securities | $ 563,227 | $ 538,493 |
Mortgage banking derivative | 4,071 | 2,441 |
Liabilities | ||
Mortgage banking derivative | 1,648 | 1,812 |
Fair Value, Measurements, Recurring [Member] | ||
Assets | ||
U.S. Treasury securities | 979 | 997 |
U.S. government sponsored agency securities | 4,763 | 5,122 |
Mortgage-backed securities: residential | 330,781 | 313,774 |
Mortgage-backed securities: commercial | 34,134 | 44,211 |
State and municipal securities | 192,570 | 174,389 |
Total Securities | 563,227 | 538,493 |
Mortgage banking derivative | 328 | 136 |
Interest rate swap derivative | 4,071 | 2,441 |
Total assets | 567,626 | 541,070 |
Liabilities | ||
Mortgage banking derivative | 30 | 3 |
Interest rate swap derivative | 4,088 | 2,562 |
Total liabilities | 4,118 | 2,565 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Assets | ||
U.S. Treasury securities | 979 | 997 |
U.S. government sponsored agency securities | 0 | 0 |
Mortgage-backed securities: residential | 0 | 0 |
Mortgage-backed securities: commercial | 0 | 0 |
State and municipal securities | 0 | 0 |
Total Securities | 979 | 997 |
Mortgage banking derivative | 0 | 0 |
Interest rate swap derivative | 0 | 0 |
Total assets | 979 | 997 |
Liabilities | ||
Mortgage banking derivative | 0 | 0 |
Interest rate swap derivative | 0 | 0 |
Total liabilities | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Assets | ||
U.S. Treasury securities | 0 | 0 |
U.S. government sponsored agency securities | 4,763 | 5,122 |
Mortgage-backed securities: residential | 330,781 | 313,774 |
Mortgage-backed securities: commercial | 34,134 | 44,211 |
State and municipal securities | 191,742 | 173,509 |
Total Securities | 561,420 | 536,616 |
Mortgage banking derivative | 328 | 136 |
Interest rate swap derivative | 4,071 | 2,441 |
Total assets | 565,819 | 539,193 |
Liabilities | ||
Mortgage banking derivative | 30 | 3 |
Interest rate swap derivative | 4,088 | 2,562 |
Total liabilities | 4,118 | 2,565 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Assets | ||
U.S. Treasury securities | 0 | 0 |
U.S. government sponsored agency securities | 0 | 0 |
Mortgage-backed securities: residential | 0 | 0 |
Mortgage-backed securities: commercial | 0 | 0 |
State and municipal securities | 828 | 880 |
Total Securities | 828 | 880 |
Mortgage banking derivative | 0 | 0 |
Interest rate swap derivative | 0 | 0 |
Total assets | 828 | 880 |
Liabilities | ||
Mortgage banking derivative | 0 | 0 |
Interest rate swap derivative | 0 | 0 |
Total liabilities | $ 0 | $ 0 |
FAIR VALUE DISCLOSURES (Reconciliation of All Assets Measured at Fair Value on a Recurring Basis using Significant Unobservable Inputs (Level 3)) (Details) - State and Municipal Securities [Member] - USD ($) $ in Thousands |
6 Months Ended | |
---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
|
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | ||
Balance of recurring Level 3 assets at January 1 | $ 880 | $ 670 |
Changes in fair value of securities included in other comprehensive income | (7) | (6) |
Principal payments | (45) | (45) |
Balance of recurring Level 3 assets at June 30 | $ 828 | $ 619 |
FAIR VALUE DISCLOSURES (Quantitative Information about Level 3 Fair Value Measurements) (Details) - State and Municipal Securities [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands |
6 Months Ended | 12 Months Ended |
---|---|---|
Jun. 30, 2018 |
Dec. 31, 2017 |
|
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Total assets | $ 828 | $ 880 |
Valuation Technique | Price to type, par, call | Price to type, par, call |
Discount To Benchmark Index [Member] | Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 0.00% | 0.00% |
Discount To Benchmark Index [Member] | Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 5.00% | 5.00% |
Discount To Benchmark Index [Member] | Weighted Average [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 0.92% | 2.03% |
FAIR VALUE DISCLOSURES (Assets Measured at Fair Value on a Nonrecurring Basis) (Details) - USD ($) $ in Thousands |
Jun. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Total assets | $ 7,498 | $ 4,432 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Total assets | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Total assets | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Total assets | 7,498 | 4,432 |
Commercial and industrial loans: | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 6,242 | 2,627 |
Commercial and industrial loans: | Working Capital Lines of Credit Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 3,888 | 934 |
Commercial and industrial loans: | Working Capital Lines of Credit Loans [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Commercial and industrial loans: | Working Capital Lines of Credit Loans [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Commercial and industrial loans: | Working Capital Lines of Credit Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 3,888 | 934 |
Commercial and industrial loans: | Non Working Capital Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 2,354 | 1,693 |
Commercial and industrial loans: | Non Working Capital Loans [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Commercial and industrial loans: | Non Working Capital Loans [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Commercial and industrial loans: | Non Working Capital Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 2,354 | 1,693 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 1,118 | 1,610 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and land development loans | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 200 | 477 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and land development loans | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and land development loans | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Construction and land development loans | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 200 | 477 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 918 | 1,133 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | 0 |
Commercial Real Estate and Multi-Family Residential Loans [Member] | Owner Occupied Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 918 | 1,133 |
Consumer 1-4 Family Mortgage Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 138 | 195 |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 138 | |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | |
Consumer 1-4 Family Mortgage Loans [Member] | Closed End First Mortgage Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | $ 138 | |
Consumer 1-4 Family Mortgage Loans [Member] | Open End and Junior Lien Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 195 | |
Consumer 1-4 Family Mortgage Loans [Member] | Open End and Junior Lien Loans [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | |
Consumer 1-4 Family Mortgage Loans [Member] | Open End and Junior Lien Loans [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | 0 | |
Consumer 1-4 Family Mortgage Loans [Member] | Open End and Junior Lien Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Assets Measured At Fair Value On Nonrecurring Basis [Line Items] | ||
Impaired loans | $ 195 |
FAIR VALUE DISCLOSURES (Valuation Methodology and Unobservable Inputs for Level 3 Assets) (Details) - Non-Recurring [Member] - USD ($) $ in Thousands |
6 Months Ended | 12 Months Ended |
---|---|---|
Jun. 30, 2018 |
Dec. 31, 2017 |
|
Commercial and Industrial Loans [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Fair Value | $ 6,242 | $ 2,627 |
Valuation Methodology | Collateral based measurements | Collateral based measurements |
Unobservable Inputs | Discount to reflect current market conditions and ultimate collectability | Discount to reflect current market conditions and ultimate collectability |
Commercial and Industrial Loans [Member] | Minimum [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 9.00% | 23.00% |
Commercial and Industrial Loans [Member] | Maximum [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 100.00% | 100.00% |
Commercial and Industrial Loans [Member] | Weighted Average [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 20.00% | 37.00% |
Commercial real estate [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Fair Value | $ 1,118 | $ 1,610 |
Valuation Methodology | Collateral based measurements | Collateral based measurements |
Unobservable Inputs | Discount to reflect current market conditions and ultimate collectability | Discount to reflect current market conditions and ultimate collectability |
Commercial real estate [Member] | Minimum [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 9.00% | 2.00% |
Commercial real estate [Member] | Maximum [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 50.00% | 58.00% |
Commercial real estate [Member] | Weighted Average [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 32.00% | 33.00% |
Consumer 1-4 Family Mortgage Loans [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Fair Value | $ 138 | $ 195 |
Valuation Methodology | Collateral based measurements | Collateral based measurements |
Unobservable Inputs | Discount to reflect current market conditions and ultimate collectability | Discount to reflect current market conditions and ultimate collectability |
Consumer 1-4 Family Mortgage Loans [Member] | Minimum [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 2.00% | |
Consumer 1-4 Family Mortgage Loans [Member] | Maximum [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 7.00% | |
Consumer 1-4 Family Mortgage Loans [Member] | Weighted Average [Member] | ||
Valuation Methodology and Unobservable Inputs For Level 3 Assets Measured At Fair Value [Line Items] | ||
Range of Inputs (Average) (in hundredths) | 5.00% | 17.00% |
FAIR VALUE DISCLOSURES (Estimated Fair Values And The Related Carrying Values Of Financial Instruments) (Details) - USD ($) $ in Thousands |
Jun. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Financial Assets: | ||
Securities available for sale | $ 563,227 | $ 538,493 |
Carrying Value [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 180,225 | 176,180 |
Securities available for sale | 563,227 | 538,493 |
Real estate mortgages held for sale | 6,097 | 3,346 |
Loans, net | 3,811,007 | 3,771,338 |
Federal Home Loan Bank stock | 10,352 | 10,352 |
Federal Reserve Bank stock | 3,420 | 3,420 |
Accrued interest receivable | 15,223 | 14,093 |
Financial Liabilities: | ||
Certificates of deposit | (1,416,735) | (1,412,583) |
All other deposits | (2,518,218) | (2,596,072) |
Securities sold under agreements to repurchase | (106,239) | (70,652) |
Federal Home Loan Bank advances | (175,000) | (80,030) |
Subordinated debentures | (30,928) | (30,928) |
Standby letters of credit | (611) | (758) |
Accrued interest payable | (7,328) | (6,311) |
Estimated Fair Value [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 180,194 | 176,172 |
Securities available for sale | 563,227 | 538,493 |
Real estate mortgages held for sale | 6,200 | 3,390 |
Loans, net | 3,742,781 | 3,744,842 |
Federal Home Loan Bank stock | 0 | 0 |
Federal Reserve Bank stock | 0 | 0 |
Accrued interest receivable | 15,223 | 14,093 |
Financial Liabilities: | ||
Certificates of deposit | (1,418,805) | (1,417,075) |
All other deposits | (2,518,218) | (2,596,072) |
Securities sold under agreements to repurchase | (106,239) | (70,652) |
Federal Home Loan Bank advances | (175,000) | (80,035) |
Subordinated debentures | (31,211) | (31,194) |
Standby letters of credit | (611) | (758) |
Accrued interest payable | (7,328) | (6,311) |
Estimated Fair Value [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 177,480 | 174,045 |
Securities available for sale | 979 | 997 |
Real estate mortgages held for sale | 0 | 0 |
Loans, net | 0 | 0 |
Federal Home Loan Bank stock | 0 | 0 |
Federal Reserve Bank stock | 0 | 0 |
Accrued interest receivable | 3 | 3 |
Financial Liabilities: | ||
Certificates of deposit | 0 | 0 |
All other deposits | (2,518,218) | (2,596,072) |
Securities sold under agreements to repurchase | 0 | 0 |
Federal Home Loan Bank advances | 0 | 0 |
Subordinated debentures | 0 | 0 |
Standby letters of credit | 0 | 0 |
Accrued interest payable | (125) | (149) |
Estimated Fair Value [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 2,714 | 2,127 |
Securities available for sale | 561,420 | 536,616 |
Real estate mortgages held for sale | 6,200 | 3,390 |
Loans, net | 0 | 0 |
Federal Home Loan Bank stock | 0 | 0 |
Federal Reserve Bank stock | 0 | 0 |
Accrued interest receivable | 3,118 | 2,925 |
Financial Liabilities: | ||
Certificates of deposit | (1,418,805) | (1,417,075) |
All other deposits | 0 | 0 |
Securities sold under agreements to repurchase | (106,239) | (70,652) |
Federal Home Loan Bank advances | (175,000) | (80,035) |
Subordinated debentures | 0 | 0 |
Standby letters of credit | 0 | 0 |
Accrued interest payable | (7,198) | (6,158) |
Estimated Fair Value [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 0 | 0 |
Securities available for sale | 828 | 880 |
Real estate mortgages held for sale | 0 | 0 |
Loans, net | 3,742,781 | 3,744,842 |
Federal Home Loan Bank stock | 0 | 0 |
Federal Reserve Bank stock | 0 | 0 |
Accrued interest receivable | 12,102 | 11,165 |
Financial Liabilities: | ||
Certificates of deposit | 0 | 0 |
All other deposits | 0 | 0 |
Securities sold under agreements to repurchase | 0 | 0 |
Federal Home Loan Bank advances | 0 | 0 |
Subordinated debentures | (31,211) | (31,194) |
Standby letters of credit | (611) | (758) |
Accrued interest payable | $ (5) | $ (4) |
FAIR VALUE DISCLOSURES (Additional Information) (Details) - USD ($) |
3 Months Ended | 6 Months Ended | 12 Months Ended | |||||
---|---|---|---|---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
Dec. 31, 2017 |
Mar. 31, 2018 |
Mar. 31, 2017 |
Dec. 31, 2016 |
|
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||||||
Mortgage servicing rights | $ 4,200,000 | $ 4,200,000 | ||||||
Weighted average interest rate, residential mortgages (in hundredths) | 3.84% | |||||||
Weighted average maturity of residential mortgages | 19 years | |||||||
Prepayment Speed used in unobservable assumptions | 95 | 123 | ||||||
Discount rate used to estimate fair value (in hundredths) | 9.40% | 9.40% | ||||||
Subtotal | 3,860,145,000 | $ 3,860,145,000 | $ 3,819,525,000 | |||||
Valuation allowance | 47,706,000 | $ 44,563,000 | 47,706,000 | $ 44,563,000 | $ 47,121,000 | $ 45,627,000 | $ 43,774,000 | $ 43,718,000 |
Recoveries | 507,000 | 550,000 | $ 690,000 | 909,000 | ||||
Commercial Real Estates [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||||||
Percentage of discount from appraised value (in hundredths) | 0.00% | |||||||
Commercial Real Estates [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||||||
Percentage of discount from appraised value (in hundredths) | 50.00% | |||||||
Inventory Finished Goods [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||||||
Percentage of discount from appraised value (in hundredths) | 35.00% | |||||||
Inventory Finished Goods [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||||||
Percentage of discount from appraised value (in hundredths) | 65.00% | |||||||
Finished Goods [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||||||
Percentage of discount from appraised value (in hundredths) | 30.00% | |||||||
Finished Goods [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||||||
Percentage of discount from appraised value (in hundredths) | 60.00% | |||||||
Inventory Work In Process [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||||||
Percentage of discount from appraised value (in hundredths) | 50.00% | |||||||
Inventory Work In Process [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||||||
Percentage of discount from appraised value (in hundredths) | 100.00% | |||||||
Equipment [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||||||
Percentage of discount from appraised value (in hundredths) | 30.00% | |||||||
Equipment [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||||||
Percentage of discount from appraised value (in hundredths) | 70.00% | |||||||
Marketable Securities [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||||||
Percentage of discount from appraised value (in hundredths) | 10.00% | |||||||
Marketable Securities [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||||||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||||||
Percentage of discount from appraised value (in hundredths) | 30.00% | |||||||
Impaired Loans [Member] | ||||||||
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. | ||||||||
Subtotal | 9,600,000 | 10,000,000 | $ 9,600,000 | 10,000,000 | ||||
Valuation allowance | 2,100,000 | 3,700,000 | 2,100,000 | 3,700,000 | ||||
Recoveries | $ 200,000 | $ 200,000 | $ 4.5 | $ 600,000 |
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (Additional Information) (Details) - USD ($) $ in Thousands |
Jun. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Securities Sold under Agreements to Repurchase | $ 106,239 | $ 70,652 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities Sold under Agreements to Repurchase, Fair Value of Collateral | $ 121,700 | $ 98,000 |
EMPLOYEE BENEFIT PLANS (Components of net periodic benefit cost) (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
|
Pension Benefits | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | ||||
Service cost | $ 0 | $ 0 | $ 0 | $ 0 |
Interest cost | 24 | 26 | 47 | 52 |
Expected return on plan assets | (35) | (37) | (69) | (72) |
Recognized net actuarial (gain) loss | 48 | 47 | 96 | 93 |
Net pension expense (benefit) | 37 | 36 | 74 | 73 |
SERP Benefits | ||||
Pension and Other Postretirement Benefits Cost (Reversal of Cost) | ||||
Service cost | 0 | 0 | 0 | 0 |
Interest cost | 8 | 10 | 17 | 20 |
Expected return on plan assets | (16) | (15) | (31) | (31) |
Recognized net actuarial (gain) loss | 19 | 20 | 37 | 40 |
Net pension expense (benefit) | $ 11 | $ 15 | $ 23 | $ 29 |
EMPLOYEE BENEFIT PLANS (Additional Information) (Details) - USD ($) |
Jun. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Defined Benefit Plan Disclosure [Line Items] | ||
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year | $ 368,200 | $ 0 |
Supplemental Employee Retirement Plan [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year | $ 0 | $ 0 |
OFFSETTING ASSETS AND LIABILITIES (Schedule of Offsetting of Assets and Liabilities) (Details) - USD ($) $ in Thousands |
Jun. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Assets | ||
Gross Amounts of Recognized Assets/Liabilities | $ 4,071 | $ 2,441 |
Gross Amounts Offset in the Statement of Financial Position | 0 | 0 |
Net Amounts of Assets presented in the Statement of Financial Position | 4,071 | 2,441 |
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments | 0 | 0 |
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received | 0 | 0 |
Net Amount | 4,071 | 2,441 |
Liabilities | ||
Gross Amounts of Recognized Assets/Liabilities | 110,327 | 73,214 |
Gross Amounts Offset in the Statement of Financial Position | 0 | 0 |
Net Amounts of Liabilities presented in the Statement of Financial Position | 110,327 | 73,214 |
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments | (106,239) | (70,652) |
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received | (2,440) | (750) |
Net Amount | 1,648 | 1,812 |
Interest Rate Swap [Member] | ||
Assets | ||
Gross Amounts of Recognized Assets/Liabilities | 4,071 | 2,441 |
Gross Amounts Offset in the Statement of Financial Position | 0 | 0 |
Net Amounts of Assets presented in the Statement of Financial Position | 4,071 | 2,441 |
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments | 0 | 0 |
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received | 0 | 0 |
Net Amount | 4,071 | 2,441 |
Liabilities | ||
Gross Amounts of Recognized Assets/Liabilities | 4,088 | 2,562 |
Gross Amounts Offset in the Statement of Financial Position | 0 | 0 |
Net Amounts of Liabilities presented in the Statement of Financial Position | 4,088 | 2,562 |
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments | 0 | 0 |
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received | (2,440) | (750) |
Net Amount | 1,648 | 1,812 |
Repurchase Agreements [Member] | ||
Liabilities | ||
Gross Amounts of Recognized Assets/Liabilities | 106,239 | 70,652 |
Gross Amounts Offset in the Statement of Financial Position | 0 | 0 |
Net Amounts of Liabilities presented in the Statement of Financial Position | 106,239 | 70,652 |
Gross Amounts Not Offset in the Statement of Financial Position, Financial Instruments | (106,239) | (70,652) |
Gross Amounts Not Offset in the Statement of Financial Position, Cash Collateral Received | 0 | 0 |
Net Amount | $ 0 | $ 0 |
EARNINGS PER SHARE (Earnings Per Share Computations) (Details) - $ / shares |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
|
Basic earnings per common share: | ||||
Weighted average shares outstanding for basic earnings per common share | 25,293,329 | 25,183,186 | 25,275,471 | 25,167,799 |
Dilutive effect of stock options, awards and warrants | 415,887 | 436,791 | 429,034 | 450,753 |
Diluted earnings per common share: | ||||
Weighted average shares outstanding for diluted earnings per common share | 25,709,216 | 25,619,977 | 25,704,505 | 25,618,552 |
Basic earnings per common share | $ 0.8 | $ 0.61 | $ 1.52 | $ 1.19 |
Diluted earnings per common share | $ 0.78 | $ 0.6 | $ 1.5 | $ 1.17 |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Changes in Accumulated Other Comprehensive Income By Component) (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
|
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ||||
Unrealized Gains and Losses on Available- for-Sales Securities, Opening Balance | $ 784 | $ (722) | ||
Unrealized Gains and Losses on Available- for-Sales Securities, Other comprehensive income before reclassification | (8,903) | 2,706 | ||
Unrealized Gains and Losses on Available- for-Sales Securities, Amounts reclassified from accumulated other comprehensive income (loss) | 6 | (31) | ||
Unrealized Gains and Losses on Available- for-Sales Securities, Net current period other comprehensive income | (8,897) | 2,675 | ||
Unrealized Gains and Losses on Available- for-Sales Securities, Ending Balance | $ (8,041) | $ 1,953 | (8,041) | 1,953 |
Defined Benefit Pension Items, Opening Balance | (1,454) | (1,665) | ||
Defined Benefit Pension Items, Other comprehensive income before reclassification | 0 | 0 | ||
Defined Benefit Pension Items, Amounts reclassified from accumulated other comprehensive income (loss) | 98 | 81 | ||
Defined Benefit Pension Items, Net current period other comprehensive income | 49 | 41 | 98 | 81 |
Defined Benefit Pension Items, Ending Balance | (1,669) | (1,584) | (1,669) | (1,584) |
Total, Opening Balance | (670) | (2,387) | ||
Total, Other comprehensive income before reclassification | (8,903) | 2,706 | ||
Total, Amounts reclassified from accumulated other comprehensive income (loss) | 104 | 50 | ||
Total, Net current period other comprehensive income | (1,722) | 2,271 | (8,799) | 2,756 |
Total, Ending Balance | $ (9,710) | $ 369 | (9,710) | $ 369 |
Accounting Standards Update 2018-02 [Member] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ||||
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, after Tax | 140 | |||
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax | (313) | |||
Other Comprehensive Income Loss, Adjustment, Net of Tax | (173) | |||
Accounting Standards Update 2016-01 [Member] | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ||||
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, after Tax | (68) | |||
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax | 0 | |||
Other Comprehensive Income Loss, Adjustment, Net of Tax | $ (68) |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclassification Adjustment) (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
|
Unrealized gains and losses on available-for-sale securities | ||||
Net securities gains (losses) | $ 0 | $ 49 | $ (6) | $ 52 |
Income tax expense | 0 | (21) | 0 | (21) |
Net of tax | 0 | 28 | (6) | 31 |
Amortization of defined benefit pension items | ||||
Other expense | (67) | (67) | (133) | (133) |
Income tax expense | 18 | 26 | 35 | 52 |
Net of tax | (49) | (41) | (98) | (81) |
Total reclassifications for the period | $ (49) | $ (13) | $ (104) | $ (50) |
REVENUE RECOGNITION (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
[1] | Jun. 30, 2018 |
Jun. 30, 2017 |
[1] | ||||||
Wealth advisory fees | $ 1,544 | $ 1,284 | $ 3,049 | $ 2,534 | |||||||
Investment brokerage fees | 377 | 299 | 667 | 620 | |||||||
Service charges on deposit accounts | |||||||||||
Service charges on commercial deposit accounts | 2,410 | 1,900 | 4,713 | 3,698 | |||||||
Service charges on retail deposit accounts | 212 | 220 | 441 | 453 | |||||||
Overdrafts, net | 886 | 848 | 1,717 | 1,692 | |||||||
Other | 292 | 285 | 557 | 553 | |||||||
Loan and service fees | |||||||||||
Debit card interchange fees | 1,524 | 1,195 | 2,944 | 2,300 | |||||||
Loan fees | [2] | 638 | 451 | 1,168 | 1,019 | ||||||
Other | 2,421 | 251 | 4,214 | 471 | |||||||
Merchant card fee income | 549 | 570 | 1,191 | 1,108 | |||||||
Bank owned life insurance income | [2] | 348 | 402 | 711 | 873 | ||||||
Other income | 216 | 659 | 1,255 | 1,168 | |||||||
Mortgage banking income | [2] | 438 | 378 | 679 | 509 | ||||||
Net securities gains/(losses) | [2] | 0 | 49 | (6) | 52 | ||||||
Total noninterest income | $ 9,693 | $ 8,791 | $ 19,572 | $ 17,050 | |||||||
|
REVENUE RECOGNITION (Additional Information) (Details) |
Jan. 02, 2018
USD ($)
|
---|---|
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Net Income | $ 24,000 |