x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
¨ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Washington | 91-1422237 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification Number) | |
1301 A Street Tacoma, Washington | 98402-2156 | |
(Address of principal executive offices) | (Zip Code) | |
Securities Registered Pursuant to Section 12(b) of the Act: | ||||
Common Stock, No Par Value | NASDAQ Global Select Market | |||
(Title of each class) | (Trading symbol) | (Name of each exchange on which registered) | ||
Large accelerated filer | x | Accelerated filer | ¨ | |||
Non-accelerated filer | ¨ | Smaller reporting company | ¨ | |||
Emerging growth company | ¨ | |||||
Page | ||
PART I — FINANCIAL INFORMATION | ||
Item 1. | ||
Item 2. | ||
Item 3. | ||
Item 4. | ||
PART II — OTHER INFORMATION | ||
Item 1. | ||
Item 1A. | ||
Item 2. | ||
Item 3. | ||
Item 4. | ||
Item 5. | ||
Item 6. | ||
ALLL | Allowance for loan and lease losses | FDIC | Federal Deposit Insurance Corporation | |
ASC | Accounting Standards Codification | FHLB | Federal Home Loan Bank of Des Moines | |
ASU | Accounting Standards Update | FRB | Federal Reserve Bank | |
ATM | Automated Teller Machine | LIBOR | London Interbank Offering Rate | |
Basel III | A comprehensive capital framework and rules for U.S. banking organizations approved by the FRB and the FDIC in 2013 | NIM | Net Interest Margin | |
B&O | Business and Occupation | OPPO | Other Personal Property Owned | |
CDI | Core Deposit Intangible | OREO | Other Real Estate Owned | |
CECL | Current Expected Credit Loss | Pacific Continental | Pacific Continental Corporation | |
CDARS® | Certificate of Deposit Account Registry Service | PCI | Purchased Credit Impaired | |
CET1 | Common Equity Tier 1 | REASD | Real Estate Appraisal Services Department | |
CEO | Chief Executive Officer | SBA | Small Business Administration | |
CFO | Chief Financial Officer | SEC | Securities and Exchange Commission | |
Dodd-Frank Act | Dodd-Frank Wall Street Reform and Consumer Protection Act | TDRs | Troubled Debt Restructurings | |
EPS | Earnings Per Share | GAAP | Generally Accepted Accounting Principles | |
FASB | Financial Accounting Standards Board | |||
March 31, 2019 | December 31, 2018 | ||||||||||||
ASSETS | (in thousands) | ||||||||||||
Cash and due from banks | $ | $ | |||||||||||
Interest-earning deposits with banks | |||||||||||||
Total cash and cash equivalents | |||||||||||||
Debt securities available for sale at fair value | |||||||||||||
FHLB stock at cost | |||||||||||||
Loans held for sale | |||||||||||||
Loans, net of unearned income | |||||||||||||
Less: ALLL | |||||||||||||
Loans, net | |||||||||||||
Interest receivable | |||||||||||||
Premises and equipment, net | |||||||||||||
OREO | |||||||||||||
Goodwill | |||||||||||||
Other intangible assets, net | |||||||||||||
Other assets | |||||||||||||
Total assets | $ | $ | |||||||||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | |||||||||||||
Deposits: | |||||||||||||
Noninterest-bearing | $ | $ | |||||||||||
Interest-bearing | |||||||||||||
Total deposits | |||||||||||||
FHLB advances | |||||||||||||
Securities sold under agreements to repurchase | |||||||||||||
Subordinated debentures | |||||||||||||
Other liabilities | |||||||||||||
Total liabilities | |||||||||||||
Commitments and contingent liabilities (Note 11) | |||||||||||||
Shareholders’ equity: | |||||||||||||
March 31, 2019 | December 31, 2018 | ||||||||||||
(in thousands) | |||||||||||||
Preferred stock (no par value) | |||||||||||||
Authorized shares | |||||||||||||
Common stock (no par value) | |||||||||||||
Authorized shares | |||||||||||||
Issued and outstanding | |||||||||||||
Retained earnings | |||||||||||||
Accumulated other comprehensive income (loss) | ( | ) | |||||||||||
Total shareholders’ equity | |||||||||||||
Total liabilities and shareholders’ equity | $ | $ | |||||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2019 | 2018 | |||||||
(in thousands except per share amounts) | ||||||||
Interest Income | ||||||||
Loans | $ | $ | ||||||
Taxable securities | ||||||||
Tax-exempt securities | ||||||||
Deposits in banks | ||||||||
Total interest income | ||||||||
Interest Expense | ||||||||
Deposits | ||||||||
FHLB advances | ||||||||
Subordinated debentures | ||||||||
Other borrowings | ||||||||
Total interest expense | ||||||||
Net Interest Income | ||||||||
Provision for loan and lease losses | ||||||||
Net interest income after provision for loan and lease losses | ||||||||
Noninterest Income | ||||||||
Deposit account and treasury management fees | ||||||||
Card revenue | ||||||||
Financial services and trust revenue | ||||||||
Loan revenue | ||||||||
Bank owned life insurance | ||||||||
Investment securities gains, net | ||||||||
Other | ||||||||
Total noninterest income | ||||||||
Noninterest Expense | ||||||||
Compensation and employee benefits | ||||||||
Occupancy | ||||||||
Data processing | ||||||||
Legal and professional fees | ||||||||
Amortization of intangibles | ||||||||
B&O taxes (1) | ||||||||
Advertising and promotion | ||||||||
Regulatory premiums | ||||||||
Net cost of operation of OREO | ||||||||
Other (1) | ||||||||
Total noninterest expense | ||||||||
Income before income taxes | ||||||||
Income tax provision | ||||||||
Net Income | $ | $ | ||||||
Earnings per common share | ||||||||
Basic | $ | $ | ||||||
Diluted | $ | $ | ||||||
Weighted average number of common shares outstanding | ||||||||
Weighted average number of diluted common shares outstanding | ||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2019 | 2018 | |||||||
(in thousands) | ||||||||
Net income | $ | $ | ||||||
Other comprehensive income (loss), net of tax: | ||||||||
Unrealized gain (loss) from securities: | ||||||||
Net unrealized holding gain (loss) from available for sale debt securities arising during the period, net of tax of ($9,713) and $7,891 | ( | ) | ||||||
Reclassification adjustment of net (gain) loss from sale of available for sale debt securities included in income, net of tax of ($430) and $24 | ( | ) | ||||||
Net unrealized gain (loss) from securities, net of reclassification adjustment | ( | ) | ||||||
Pension plan liability adjustment: | ||||||||
Amortization of unrecognized net actuarial loss included in net periodic pension cost, net of tax of ($19) and ($19) | ||||||||
Pension plan liability adjustment, net | ||||||||
Unrealized gain from cash flow hedging instruments: | ||||||||
Net unrealized gain in cash flow hedging instruments arising during the period, net of tax of ($1,458) and $0 | ||||||||
Net unrealized gain from cash flow hedging instruments, net of reclassification adjustment | ||||||||
Other comprehensive income (loss) | ( | ) | ||||||
Total comprehensive income | $ | $ | ||||||
Common Stock | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total Shareholders’ Equity | ||||||||||||||||
Number of Shares | Amount | ||||||||||||||||||
(in thousands except per share amounts) | |||||||||||||||||||
Balance at January 1, 2019 | $ | $ | $ | ( | ) | $ | |||||||||||||
Adjustment to opening retained earnings pursuant to adoption of ASU 2016-02 | — | — | — | ||||||||||||||||
Net income | — | — | — | ||||||||||||||||
Other comprehensive income | — | — | — | ||||||||||||||||
Issuance of common stock - stock option and other plans | — | — | |||||||||||||||||
Issuance of common stock - restricted stock awards, net of canceled awards | — | — | |||||||||||||||||
Purchase and retirement of common stock | ( | ) | ( | ) | — | — | ( | ) | |||||||||||
Cash dividends declared on common stock ($0.42 per share) | — | — | ( | ) | — | ( | ) | ||||||||||||
Balance at March 31, 2019 | $ | $ | $ | $ | |||||||||||||||
Balance at January 1, 2018 | $ | $ | $ | ( | ) | $ | |||||||||||||
Adjustment to opening retained earnings pursuant to adoption of ASU 2016-01 | — | — | ( | ) | ( | ) | |||||||||||||
Net income | — | — | — | ||||||||||||||||
Other comprehensive loss | — | — | — | ( | ) | ( | ) | ||||||||||||
Issuance of common stock - stock option and other plans | — | — | |||||||||||||||||
Activity in deferred compensation plan | — | — | |||||||||||||||||
Issuance of common stock - restricted stock awards, net of canceled awards | — | — | |||||||||||||||||
Purchase and retirement of common stock | ( | ) | ( | ) | — | — | ( | ) | |||||||||||
Cash dividends declared on common stock ($0.22 per share) | — | — | ( | ) | — | ( | ) | ||||||||||||
Balance at March 31, 2018 | $ | $ | $ | ( | ) | $ | |||||||||||||
CONSOLIDATED STATEMENTS OF CASH FLOWS Columbia Banking System, Inc. (Unaudited) | ||||||||
Three Months Ended March 31, | ||||||||
2019 | 2018 | |||||||
(in thousands) | ||||||||
Cash Flows From Operating Activities | ||||||||
Net income | $ | $ | ||||||
Adjustments to reconcile net income to net cash provided by operating activities | ||||||||
Provision for loan and lease losses | ||||||||
Stock-based compensation expense | ||||||||
Depreciation, amortization and accretion | ||||||||
Investment securities gains, net | ( | ) | ( | ) | ||||
Net realized (gain) loss on sale of premises and equipment and loans held for investment | ( | ) | ||||||
Net realized loss on sale and valuation adjustments of OREO | ||||||||
Originations of loans held for sale | ( | ) | ( | ) | ||||
Proceeds from sales of loans held for sale | ||||||||
Net change in: | ||||||||
Interest receivable | ( | ) | ( | ) | ||||
Interest payable | ||||||||
Other assets | ( | ) | ||||||
Other liabilities | ( | ) | ||||||
Net cash provided by operating activities | ||||||||
Cash Flows From Investing Activities | ||||||||
Loans originated, net of principal collected | ( | ) | ||||||
Purchases of: | ||||||||
Debt securities available for sale | ( | ) | ( | ) | ||||
Loans held for investment | ( | ) | ||||||
Premises and equipment | ( | ) | ( | ) | ||||
FHLB stock | ( | ) | ( | ) | ||||
Proceeds from: | ||||||||
Sales of debt securities available for sale | ||||||||
Principal repayments and maturities of debt securities available for sale | ||||||||
Sales of premises and equipment and loans held for investment | ||||||||
Redemption of FHLB stock | ||||||||
Sales of OREO and OPPO | ||||||||
Net cash provided by investing activities | ||||||||
Cash Flows From Financing Activities | ||||||||
Net decrease in deposits | ( | ) | ( | ) | ||||
Net decrease in sweep repurchase agreements (1) | ( | ) | ( | ) | ||||
Proceeds from: | ||||||||
FHLB advances | ||||||||
Exercise of stock options | ||||||||
Payments for: | ||||||||
Repayment of FHLB advances | ( | ) | ( | ) | ||||
Common stock dividends | ( | ) | ( | ) | ||||
Repayment of junior subordinated debentures | ( | ) | ||||||
Repayment of term repurchase agreement (1) | ( | ) | ||||||
Purchase and retirement of common stock | ( | ) | ( | ) | ||||
Net cash used in financing activities | ( | ) | ( | ) | ||||
Decrease in cash and cash equivalents | ( | ) | ( | ) | ||||
Cash and cash equivalents at beginning of period | ||||||||
Cash and cash equivalents at end of period | $ | $ | ||||||
__________ (1) Revised from amounts previously reported to correct an immaterial misclassification of a $25.0 million repayment of the term repurchase agreement within Net decrease in sweep repurchase agreements for the three months ended March 31, 2018. There were no changes to net cash flows from operating, investing or financing activities as a result of this change. | ||||||||
CONSOLIDATED STATEMENTS OF CASH FLOWS, Continued Columbia Banking System, Inc. (Unaudited) | ||||||||
Three Months Ended March 31, | ||||||||
2019 | 2018 | |||||||
(in thousands) | ||||||||
Supplemental Information: | ||||||||
Interest paid | $ | $ | ||||||
Income taxes paid, net of refunds | $ | ( | ) | $ | ||||
Non-cash investing and financing activities | ||||||||
Loans transferred to OREO | $ | $ | ||||||
Premises and equipment expenditures incurred but not yet paid | $ | $ | ||||||
Change in dividends payable on unvested shares included in other liabilities | $ | $ | ||||||
1. |
2. | Accounting Pronouncements Recently Adopted or Issued |
3. |
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | |||||||||||||
March 31, 2019 | (in thousands) | |||||||||||||||
U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations | $ | $ | $ | ( | ) | $ | ||||||||||
State and municipal securities | ( | ) | ||||||||||||||
U.S. government agency and government-sponsored enterprise securities | ( | ) | ||||||||||||||
U.S. government securities | ( | ) | ||||||||||||||
Total | $ | $ | $ | ( | ) | $ | ||||||||||
December 31, 2018 | ||||||||||||||||
U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations | $ | $ | $ | ( | ) | $ | ||||||||||
State and municipal securities | ( | ) | ||||||||||||||
U.S. government agency and government-sponsored enterprise securities | ( | ) | ||||||||||||||
U.S. government securities | ( | ) | ||||||||||||||
Total | $ | $ | $ | ( | ) | $ | ||||||||||
Three Months Ended March 31, | ||||||||
2019 | 2018 | |||||||
(in thousands) | ||||||||
Proceeds from sales of debt securities available for sale | $ | $ | ||||||
Gross realized gains from sales of debt securities available for sale | $ | $ | ||||||
Gross realized losses from sales of debt securities available for sale | ( | ) | ||||||
Other securities losses, net (1) | ( | ) | ||||||
Investment securities gains, net | $ | $ | ||||||
March 31, 2019 | ||||||||
Amortized Cost | Fair Value | |||||||
(in thousands) | ||||||||
Due within one year | $ | $ | ||||||
Due after one year through five years | ||||||||
Due after five years through ten years | ||||||||
Due after ten years | ||||||||
Total debt securities available for sale | $ | $ | ||||||
March 31, 2019 | ||||
(in thousands) | ||||
Washington and Oregon State to secure public deposits | $ | |||
FRB to secure borrowings | ||||
Other securities pledged | ||||
Total securities pledged as collateral | $ | |||
Less than 12 Months | 12 Months or More | Total | ||||||||||||||||||||||
Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | Fair Value | Unrealized Losses | |||||||||||||||||||
March 31, 2019 | (in thousands) | |||||||||||||||||||||||
U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations | $ | $ | ( | ) | $ | $ | ( | ) | $ | $ | ( | ) | ||||||||||||
State and municipal securities | ( | ) | ( | ) | ( | ) | ||||||||||||||||||
U.S. government agency and government-sponsored enterprise securities | ( | ) | ( | ) | ||||||||||||||||||||
U.S. government securities | ( | ) | ( | ) | ||||||||||||||||||||
Total | $ | $ | ( | ) | $ | $ | ( | ) | $ | $ | ( | ) | ||||||||||||
December 31, 2018 | ||||||||||||||||||||||||
U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations | $ | $ | ( | ) | $ | $ | ( | ) | $ | $ | ( | ) | ||||||||||||
State and municipal securities | ( | ) | ( | ) | ( | ) | ||||||||||||||||||
U.S. government agency and government-sponsored enterprise securities | ( | ) | ( | ) | ( | ) | ||||||||||||||||||
U.S. government securities | ( | ) | ( | ) | ||||||||||||||||||||
Total | $ | $ | ( | ) | $ | $ | ( | ) | $ | $ | ( | ) | ||||||||||||
4. |
March 31, 2019 | December 31, 2018 | |||||||||||||||||||||||
Loans, excluding PCI loans | PCI Loans | Total | Loans, excluding PCI loans | PCI Loans | Total | |||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Commercial business | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Real estate: | ||||||||||||||||||||||||
One-to-four family residential | ||||||||||||||||||||||||
Commercial and multifamily residential | ||||||||||||||||||||||||
Total real estate | ||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||
One-to-four family residential | ||||||||||||||||||||||||
Commercial and multifamily residential | ||||||||||||||||||||||||
Total real estate construction | ||||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||
Less: Net unearned income | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||
Total loans, net of unearned income | ||||||||||||||||||||||||
Less: ALLL | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||
Total loans, net | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Loans held for sale | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
March 31, 2019 | December 31, 2018 | |||||||||||||||
Recorded Investment Nonaccrual Loans | Unpaid Principal Balance Nonaccrual Loans | Recorded Investment Nonaccrual Loans | Unpaid Principal Balance Nonaccrual Loans | |||||||||||||
(in thousands) | ||||||||||||||||
Commercial business: | ||||||||||||||||
Secured | $ | $ | $ | $ | ||||||||||||
Unsecured | ||||||||||||||||
Real estate: | ||||||||||||||||
One-to-four family residential | ||||||||||||||||
Commercial & multifamily residential: | ||||||||||||||||
Commercial land | ||||||||||||||||
Income property | ||||||||||||||||
Owner occupied | ||||||||||||||||
Real estate construction: | ||||||||||||||||
One-to-four family residential: | ||||||||||||||||
Land and acquisition | ||||||||||||||||
Consumer | ||||||||||||||||
Total | $ | $ | $ | $ | ||||||||||||
Current Loans | 30 - 59 Days Past Due | 60 - 89 Days Past Due | Greater than 90 Days Past Due | Total Past Due | Nonaccrual Loans | Total Loans | ||||||||||||||||||||||
March 31, 2019 | (in thousands) | |||||||||||||||||||||||||||
Commercial business: | ||||||||||||||||||||||||||||
Secured | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||
Unsecured | ||||||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||
One-to-four family residential | ||||||||||||||||||||||||||||
Commercial & multifamily residential: | ||||||||||||||||||||||||||||
Commercial land | ||||||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||||||
Owner occupied | ||||||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
One-to-four family residential: | ||||||||||||||||||||||||||||
Land and acquisition | ||||||||||||||||||||||||||||
Residential construction | ||||||||||||||||||||||||||||
Commercial & multifamily residential: | ||||||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||||||
Owner occupied | ||||||||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||
Current Loans | 30 - 59 Days Past Due | 60 - 89 Days Past Due | Greater than 90 Days Past Due | Total Past Due | Nonaccrual Loans | Total Loans | ||||||||||||||||||||||
December 31, 2018 | (in thousands) | |||||||||||||||||||||||||||
Commercial business: | ||||||||||||||||||||||||||||
Secured | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||
Unsecured | ||||||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||
One-to-four family residential | ||||||||||||||||||||||||||||
Commercial & multifamily residential: | ||||||||||||||||||||||||||||
Commercial land | ||||||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||||||
Owner occupied | ||||||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
One-to-four family residential: | ||||||||||||||||||||||||||||
Land and acquisition | ||||||||||||||||||||||||||||
Residential construction | ||||||||||||||||||||||||||||
Commercial & multifamily residential: | ||||||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||||||
Owner occupied | ||||||||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | Recorded Investment of Loans Individually Measured for Specific Impairment | Impaired Loans With Recorded Allowance | Impaired Loans Without Recorded Allowance | |||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Recorded Investment | Unpaid Principal Balance | ||||||||||||||||||||||||
March 31, 2019 | (in thousands) | |||||||||||||||||||||||||||
Commercial business: | ||||||||||||||||||||||||||||
Secured | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||
Unsecured | ||||||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||
One-to-four family residential | ||||||||||||||||||||||||||||
Commercial & multifamily residential: | ||||||||||||||||||||||||||||
Commercial land | ||||||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||||||
Owner occupied | ||||||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
One-to-four family residential: | ||||||||||||||||||||||||||||
Land and acquisition | ||||||||||||||||||||||||||||
Residential construction | ||||||||||||||||||||||||||||
Commercial & multifamily residential: | ||||||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||||||
Owner occupied | ||||||||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||
Recorded Investment of Loans Collectively Measured for Contingency Provision | Recorded Investment of Loans Individually Measured for Specific Impairment | Impaired Loans With Recorded Allowance | Impaired Loans Without Recorded Allowance | |||||||||||||||||||||||||
Recorded Investment | Unpaid Principal Balance | Related Allowance | Recorded Investment | Unpaid Principal Balance | ||||||||||||||||||||||||
December 31, 2018 | (in thousands) | |||||||||||||||||||||||||||
Commercial business: | ||||||||||||||||||||||||||||
Secured | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||
Unsecured | ||||||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||
One-to-four family residential | ||||||||||||||||||||||||||||
Commercial & multifamily residential: | ||||||||||||||||||||||||||||
Commercial land | ||||||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||||||
Owner occupied | ||||||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
One-to-four family residential: | ||||||||||||||||||||||||||||
Land and acquisition | ||||||||||||||||||||||||||||
Residential construction | ||||||||||||||||||||||||||||
Commercial & multifamily residential: | ||||||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||||||
Owner occupied | ||||||||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||
Three Months Ended March 31, | ||||||||||||||||
2019 | 2018 | |||||||||||||||
Average Recorded Investment Impaired Loans | Interest Recognized on Impaired Loans | Average Recorded Investment Impaired Loans | Interest Recognized on Impaired Loans | |||||||||||||
(in thousands) | ||||||||||||||||
Commercial business: | ||||||||||||||||
Secured | $ | $ | $ | $ | ||||||||||||
Unsecured | ||||||||||||||||
Real estate: | ||||||||||||||||
One-to-four family residential | ||||||||||||||||
Commercial & multifamily residential: | ||||||||||||||||
Commercial land | ||||||||||||||||
Income property | ||||||||||||||||
Owner occupied | ||||||||||||||||
Real estate construction: | ||||||||||||||||
One-to-four family residential: | ||||||||||||||||
Residential construction | ||||||||||||||||
Commercial & multifamily residential: | ||||||||||||||||
Owner occupied | ||||||||||||||||
Consumer | ||||||||||||||||
Total | $ | $ | $ | $ | ||||||||||||
Three months ended March 31, 2019 | Three months ended March 31, 2018 | |||||||||||||||||||||
Number of TDR Modifications | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | Number of TDR Modifications | Pre-Modification Outstanding Recorded Investment | Post-Modification Outstanding Recorded Investment | |||||||||||||||||
(dollars in thousands) | ||||||||||||||||||||||
Commercial business: | ||||||||||||||||||||||
Secured | $ | $ | $ | $ | ||||||||||||||||||
Real estate: | ||||||||||||||||||||||
Commercial and multifamily residential: | ||||||||||||||||||||||
Income property | ||||||||||||||||||||||
Commercial and multifamily residential: | ||||||||||||||||||||||
Income property | ||||||||||||||||||||||
Consumer | ||||||||||||||||||||||
Total | $ | $ | $ | $ | ||||||||||||||||||
March 31, 2019 | December 31, 2018 | |||||||
(in thousands) | ||||||||
Commercial business | $ | $ | ||||||
Real estate: | ||||||||
One-to-four family residential | ||||||||
Commercial and multifamily residential | ||||||||
Total real estate | ||||||||
Real estate construction: | ||||||||
One-to-four family residential | ||||||||
Commercial and multifamily residential | ||||||||
Total real estate construction | ||||||||
Consumer | ||||||||
Subtotal of PCI loans | ||||||||
Less: | ||||||||
Valuation discount resulting from acquisition accounting | ||||||||
ALLL | ||||||||
PCI loans, net of valuation discounts and allowance for loan losses | $ | $ | ||||||
Three Months Ended March 31, | ||||||||
2019 | 2018 | |||||||
(in thousands) | ||||||||
Balance at beginning of period | $ | $ | ||||||
Accretion | ( | ) | ( | ) | ||||
Disposals | ( | ) | ||||||
Reclassifications from nonaccretable difference | ||||||||
Balance at end of period | $ | $ | ||||||
5. |
Beginning Balance | Charge-offs | Recoveries | Provision (Recapture) | Ending Balance | Specific Reserve | General Allocation | ||||||||||||||||||||||
Three months ended March 31, 2019 | (in thousands) | |||||||||||||||||||||||||||
Commercial business: | ||||||||||||||||||||||||||||
Secured | $ | $ | ( | ) | $ | $ | $ | $ | $ | |||||||||||||||||||
Unsecured | ( | ) | ||||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||
One-to-four family residential | ( | ) | ||||||||||||||||||||||||||
Commercial & multifamily residential: | ||||||||||||||||||||||||||||
Commercial land | ||||||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||||||
Owner occupied | ||||||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
One-to-four family residential: | ||||||||||||||||||||||||||||
Land and acquisition | ( | ) | ||||||||||||||||||||||||||
Residential construction | ( | ) | ||||||||||||||||||||||||||
Commercial & multifamily residential: | ||||||||||||||||||||||||||||
Income property | ( | ) | ||||||||||||||||||||||||||
Owner occupied | ( | ) | ||||||||||||||||||||||||||
Consumer | ( | ) | ||||||||||||||||||||||||||
PCI | ( | ) | ||||||||||||||||||||||||||
Unallocated | ( | ) | ||||||||||||||||||||||||||
Total | $ | $ | ( | ) | $ | $ | $ | $ | $ | |||||||||||||||||||
Beginning Balance | Charge-offs | Recoveries | Provision (Recapture) | Ending Balance | Specific Reserve | General Allocation | ||||||||||||||||||||||
Three months ended March 31, 2018 | (in thousands) | |||||||||||||||||||||||||||
Commercial business: | ||||||||||||||||||||||||||||
Secured | $ | $ | ( | ) | $ | $ | $ | $ | $ | |||||||||||||||||||
Unsecured | ( | ) | ||||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||||||
One-to-four family residential | ( | ) | ||||||||||||||||||||||||||
Commercial & multifamily residential: | ||||||||||||||||||||||||||||
Commercial land | ( | ) | ||||||||||||||||||||||||||
Income property | ( | ) | ( | ) | ||||||||||||||||||||||||
Owner occupied | ( | ) | ||||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||||||
One-to-four family residential: | ||||||||||||||||||||||||||||
Land and acquisition | ( | ) | ||||||||||||||||||||||||||
Residential construction | ||||||||||||||||||||||||||||
Commercial & multifamily residential: | ||||||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||||||
Owner occupied | ( | ) | ||||||||||||||||||||||||||
Consumer | ( | ) | ||||||||||||||||||||||||||
PCI | ( | ) | ( | ) | ||||||||||||||||||||||||
Unallocated | ||||||||||||||||||||||||||||
Total | $ | $ | ( | ) | $ | $ | $ | $ | $ | |||||||||||||||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2019 | 2018 | |||||||
(in thousands) | ||||||||
Balance at beginning of period | $ | $ | ||||||
Net changes in the allowance for unfunded commitments and letters of credit | ( | ) | ||||||
Balance at end of period | $ | $ | ||||||
Pass | Special Mention | Substandard | Doubtful | Loss | Total | |||||||||||||||||||
March 31, 2019 | (in thousands) | |||||||||||||||||||||||
Loans, excluding PCI loans: | ||||||||||||||||||||||||
Commercial business: | ||||||||||||||||||||||||
Secured | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Unsecured | ||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||
One-to-four family residential | ||||||||||||||||||||||||
Commercial and multifamily residential: | ||||||||||||||||||||||||
Commercial land | ||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||
Owner occupied | ||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||
One-to-four family residential: | ||||||||||||||||||||||||
Land and acquisition | ||||||||||||||||||||||||
Residential construction | ||||||||||||||||||||||||
Commercial and multifamily residential: | ||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||
Owner occupied | ||||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | |||||||||||||||||||
Less: | ||||||||||||||||||||||||
ALLL | ||||||||||||||||||||||||
Loans, excluding PCI loans, net | $ | |||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Loss | Total | |||||||||||||||||||
December 31, 2018 | (in thousands) | |||||||||||||||||||||||
Loans, excluding PCI loans: | ||||||||||||||||||||||||
Commercial business: | ||||||||||||||||||||||||
Secured | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Unsecured | ||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||
One-to-four family residential | ||||||||||||||||||||||||
Commercial and multifamily residential: | ||||||||||||||||||||||||
Commercial land | ||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||
Owner occupied | ||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||
One-to-four family residential: | ||||||||||||||||||||||||
Land and acquisition | ||||||||||||||||||||||||
Residential construction | ||||||||||||||||||||||||
Commercial and multifamily residential: | ||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||
Owner occupied | ||||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | |||||||||||||||||||
Less: | ||||||||||||||||||||||||
ALLL | ||||||||||||||||||||||||
Loans, excluding PCI loans, net | $ | |||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Loss | Total | |||||||||||||||||||
March 31, 2019 | (in thousands) | |||||||||||||||||||||||
PCI loans: | ||||||||||||||||||||||||
Commercial business: | ||||||||||||||||||||||||
Secured | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Unsecured | ||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||
One-to-four family residential | ||||||||||||||||||||||||
Commercial and multifamily residential: | ||||||||||||||||||||||||
Commercial land | ||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||
Owner occupied | ||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||
One-to-four family residential: | ||||||||||||||||||||||||
Land and acquisition | ||||||||||||||||||||||||
Commercial and multifamily residential: | ||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | |||||||||||||||||||
Less: | ||||||||||||||||||||||||
Valuation discount resulting from acquisition accounting | ||||||||||||||||||||||||
ALLL | ||||||||||||||||||||||||
PCI loans, net | $ | |||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Loss | Total | |||||||||||||||||||
December 31, 2018 | (in thousands) | |||||||||||||||||||||||
PCI loans: | ||||||||||||||||||||||||
Commercial business: | ||||||||||||||||||||||||
Secured | $ | $ | $ | $ | $ | $ | ||||||||||||||||||
Unsecured | ||||||||||||||||||||||||
Real estate: | ||||||||||||||||||||||||
One-to-four family residential | ||||||||||||||||||||||||
Commercial and multifamily residential: | ||||||||||||||||||||||||
Commercial land | ||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||
Owner occupied | ||||||||||||||||||||||||
Real estate construction: | ||||||||||||||||||||||||
One-to-four family residential: | ||||||||||||||||||||||||
Land and acquisition | ||||||||||||||||||||||||
Commercial and multifamily residential: | ||||||||||||||||||||||||
Income property | ||||||||||||||||||||||||
Consumer | ||||||||||||||||||||||||
Total | $ | $ | $ | $ | $ | |||||||||||||||||||
Less: | ||||||||||||||||||||||||
Valuation discount resulting from acquisition accounting | ||||||||||||||||||||||||
ALLL | ||||||||||||||||||||||||
PCI loans, net | $ | |||||||||||||||||||||||
6. |
Three Months Ended March 31, | ||||||||
2019 | 2018 | |||||||
(in thousands) | ||||||||
Balance, beginning of period | $ | $ | ||||||
Transfers in | ||||||||
Valuation adjustments | ( | ) | ( | ) | ||||
Proceeds from sale of OREO property | ( | ) | ( | ) | ||||
Loss on sale of OREO, net | ( | ) | ( | ) | ||||
Balance, end of period | $ | $ | ||||||
7. |
Three Months Ended March 31, | ||||||||
2019 | 2018 | |||||||
(in thousands) | ||||||||
Goodwill | ||||||||
Total goodwill | $ | $ | ||||||
Other intangible assets, net | ||||||||
CDI: | ||||||||
Gross CDI balance at beginning of period | ||||||||
Accumulated amortization at beginning of period | ( | ) | ( | ) | ||||
CDI, net at beginning of period | ||||||||
CDI current period amortization | ( | ) | ( | ) | ||||
Total CDI, net at end of period | ||||||||
Intangible assets not subject to amortization | ||||||||
Other intangible assets, net at end of period | ||||||||
Total goodwill and other intangible assets at end of period | $ | $ | ||||||
Year ending December 31, | ||||
(in thousands) | ||||
2019 | $ | |||
2020 | ||||
2021 | ||||
2022 | ||||
2023 | ||||
8. |
9. |
10. |
Asset Derivatives | Liability Derivatives | ||||||||||||||||||||||
March 31, 2019 | December 31, 2018 | March 31, 2019 | December 31, 2018 | ||||||||||||||||||||
Balance Sheet Location | Fair Value | Balance Sheet Location | Fair Value | Balance Sheet Location | Fair Value | Balance Sheet Location | Fair Value | ||||||||||||||||
(in thousands) | |||||||||||||||||||||||
Derivatives designated as hedging instruments: | |||||||||||||||||||||||
Interest rate collar | Other assets | $ | Other assets | $ | Other liabilities | $ | Other liabilities | $ | |||||||||||||||
Derivatives not designated as hedging instruments: | |||||||||||||||||||||||
Interest rate swap contracts | Other assets | $ | Other assets | $ | Other liabilities | $ | Other liabilities | $ | |||||||||||||||
Amount of Gain or (Loss) Recognized in Accumulated Other Comprehensive Income on Derivative | Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income | Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income | |||||||||||||||
Three Months Ended March 31, | Three Months Ended March 31, | ||||||||||||||||
2019 | 2018 | 2019 | 2018 | ||||||||||||||
(in thousands) | |||||||||||||||||
Interest rate collar | $ | $ | Interest income | $ | $ | ||||||||||||
Gross Amounts of Recognized Assets/Liabilities | Gross Amounts Offset in the Consolidated Balance Sheets | Net Amounts of Assets/Liabilities Presented in the Consolidated Balance Sheets | Gross Amounts Not Offset in the Consolidated Balance Sheets | ||||||||||||||||
Collateral Posted | Net Amount | ||||||||||||||||||
March 31, 2019 | (in thousands) | ||||||||||||||||||
Assets | |||||||||||||||||||
Interest rate swap contracts | $ | $ | $ | $ | $ | ||||||||||||||
Interest rate collar | $ | $ | $ | $ | |||||||||||||||
Liabilities | |||||||||||||||||||
Interest rate swap contracts | $ | $ | $ | $ | ( | ) | $ | ||||||||||||
Repurchase agreements | $ | $ | $ | $ | ( | ) | $ | ||||||||||||
December 31, 2018 | |||||||||||||||||||
Assets | |||||||||||||||||||
Interest rate swap contracts | $ | $ | $ | $ | $ | ||||||||||||||
Liabilities | |||||||||||||||||||
Interest rate swap contracts | $ | $ | $ | $ | ( | ) | $ | ||||||||||||
Repurchase agreements | $ | $ | $ | $ | ( | ) | $ | ||||||||||||
Remaining contractual maturity of the agreements | ||||||||||||||||||||
Overnight and continuous | Up to 30 days | 30 - 90 days | Greater than 90 days | Total | ||||||||||||||||
March 31, 2019 | (in thousands) | |||||||||||||||||||
Class of collateral pledged for repurchase agreements | ||||||||||||||||||||
U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations | $ | $ | $ | $ | $ | |||||||||||||||
Gross amount of recognized liabilities for repurchase agreements | ||||||||||||||||||||
Amounts related to agreements not included in offsetting disclosure | $ | |||||||||||||||||||
11. |
Item | Balance Sheet Location | March 31, 2019 | ||||
(in thousands) | ||||||
Operating lease asset | Other assets | $ | ||||
Operating lease liability | Other liabilities | $ | ||||
Three Months Ended March 31, | ||||||
Item | Statement of Income Location | 2019 | ||||
(in thousands) | ||||||
Operating lease cost | Occupancy | $ | ||||
Variable lease cost | Occupancy | |||||
Sublease income | Occupancy | ( | ) | |||
Net lease cost | $ | |||||
Year ending December 31, | ||||
(in thousands) | ||||
2019 | $ | |||
2020 | ||||
2021 | ||||
2022 | ||||
2023 | ||||
Thereafter | ||||
Total future minimum lease payments | ||||
Amounts representing interest | ( | ) | ||
Present value of minimum lease payments | $ | |||
Year Ending December 31, | ||||
(in thousands) | ||||
2019 | $ | |||
2020 | ||||
2021 | ||||
2022 | ||||
2023 | ||||
Thereafter | ||||
Total minimum payments | $ | |||
12. |
Declared | Regular Cash Dividends Per Common Share | Special Cash Dividends Per Common Share | Record Date | Paid Date | ||||||||
January 24, 2019 | $ | $ | February 6, 2019 | February 20, 2019 | ||||||||
13. |
Unrealized Gains and Losses on Available-for-Sale Securities (1) | Unrealized Gains and Losses on Pension Plan Liability (1) | Unrealized Gains and Losses on Hedging Instruments (1) | Total (1) | |||||||||||||
Three months ended March 31, 2019 | (in thousands) | |||||||||||||||
Beginning balance | $ | ( | ) | $ | ( | ) | $ | $ | ( | ) | ||||||
Other comprehensive income before reclassifications | ||||||||||||||||
Amounts reclassified from accumulated other comprehensive loss (2) | ||||||||||||||||
Net current-period other comprehensive income | ||||||||||||||||
Ending balance | $ | $ | ( | ) | $ | $ | ||||||||||
Three months ended March 31, 2018 | ||||||||||||||||
Beginning balance | $ | ( | ) | $ | ( | ) | $ | $ | ( | ) | ||||||
Adjustment pursuant to adoption of ASU 2016-01 | ||||||||||||||||
Other comprehensive loss before reclassifications | ( | ) | ( | ) | ||||||||||||
Amounts reclassified from accumulated other comprehensive loss (2) | ( | ) | ( | ) | ||||||||||||
Net current-period other comprehensive income (loss) | ( | ) | ( | ) | ||||||||||||
Ending balance | $ | ( | ) | $ | ( | ) | $ | $ | ( | ) | ||||||
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) | ||||||||||
Three Months Ended March 31, | Affected line Item in the Consolidated | |||||||||
2019 | 2018 | Statement of Income | ||||||||
(in thousands) | ||||||||||
Unrealized gains and losses on available for sale debt securities | ||||||||||
Investment securities (gains) losses, net | $ | ( | ) | $ | Investment securities gains, net | |||||
( | ) | Total before tax | ||||||||
( | ) | Income tax provision | ||||||||
$ | ( | ) | $ | Net of tax | ||||||
Amortization of pension plan liability | ||||||||||
Actuarial losses | $ | ( | ) | $ | ( | ) | Compensation and employee benefits | |||
( | ) | ( | ) | Total before tax | ||||||
Income tax provision | ||||||||||
$ | ( | ) | $ | ( | ) | Net of tax | ||||
14. |
Fair Value | Fair Value Measurements at Reporting Date Using | |||||||||||||||
Level 1 | Level 2 | Level 3 | ||||||||||||||
March 31, 2019 | (in thousands) | |||||||||||||||
Assets | ||||||||||||||||
Debt securities available for sale: | ||||||||||||||||
U.S. government agency and government-sponsored enterprise mortgage-back securities and collateralized mortgage obligations | $ | $ | $ | $ | ||||||||||||
State and municipal debt securities | ||||||||||||||||
U.S. government agency and government-sponsored enterprise securities | ||||||||||||||||
U.S. government securities | ||||||||||||||||
Total debt securities available for sale | $ | $ | $ | $ | ||||||||||||
Other assets: | ||||||||||||||||
Interest rate contracts | $ | $ | $ | $ | ||||||||||||
Interest rate collar | ||||||||||||||||
Liabilities | ||||||||||||||||
Other liabilities: | ||||||||||||||||
Interest rate contracts | $ | $ | $ | $ | ||||||||||||
Fair Value | Fair Value Measurements at Reporting Date Using | |||||||||||||||
Level 1 | Level 2 | Level 3 | ||||||||||||||
December 31, 2018 | (in thousands) | |||||||||||||||
Assets | ||||||||||||||||
Debt securities available for sale: | ||||||||||||||||
U.S. government agency and government-sponsored enterprise mortgage-back securities and collateralized mortgage obligations | $ | $ | $ | $ | ||||||||||||
State and municipal debt securities | ||||||||||||||||
U.S. government agency and government-sponsored enterprise securities | ||||||||||||||||
U.S. government securities | ||||||||||||||||
Total debt securities available for sale | $ | $ | $ | $ | ||||||||||||
Other assets: | ||||||||||||||||
Interest rate contracts | $ | $ | $ | $ | ||||||||||||
Liabilities | ||||||||||||||||
Other liabilities: | ||||||||||||||||
Interest rate contracts | $ | $ | $ | $ | ||||||||||||
Fair Value at March 31, 2019 | Fair Value Measurements at Reporting Date Using | Losses During the Three Months Ended March 31, 2019 | ||||||||||||||||||
Level 1 | Level 2 | Level 3 | ||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Impaired loans | $ | $ | $ | $ | $ | |||||||||||||||
OREO | ||||||||||||||||||||
$ | $ | $ | $ | $ | ||||||||||||||||
Fair Value at March 31, 2018 | Fair Value Measurements at Reporting Date Using | Losses During the Three Months Ended March 31, 2018 | ||||||||||||||||||
Level 1 | Level 2 | Level 3 | ||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Impaired loans | $ | $ | $ | $ | $ | |||||||||||||||
OREO | ||||||||||||||||||||
$ | $ | $ | $ | $ | ||||||||||||||||
Fair Value at March 31, 2019 | Valuation Technique | Unobservable Input | Range (Weighted Average) (1) | |||||||
(dollars in thousands) | ||||||||||
Impaired loans - collateral-dependent (3) | $ | Fair Market Value of Collateral | Adjustment to Stated Value | 0.00% - 100.00% (44.53%) | ||||||
OREO | $ | Fair Market Value of Collateral | Adjustment to Appraisal Value | N/A (2) | ||||||
Fair Value at March 31, 2018 | Valuation Technique | Unobservable Input | Range (Weighted Average) (1) | |||||||
(dollars in thousands) | ||||||||||
Impaired loans - collateral-dependent (3) | $ | Fair Market Value of Collateral | Adjustment to Stated Value | 0.00% - 100.00% (41.33%) | ||||||
Impaired loans - other (4) | $ | Discounted Cash Flow | Discount Rate | 6.00% | ||||||
OREO | $ | Fair Market Value of Collateral | Adjustment to Appraisal Value | N/A (2) | ||||||
March 31, 2019 | ||||||||||||||||||||
Carrying Amount | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
(in thousands) | ||||||||||||||||||||
Assets | ||||||||||||||||||||
Cash and due from banks | $ | $ | $ | $ | $ | |||||||||||||||
Interest-earning deposits with banks | ||||||||||||||||||||
Debt securities available for sale | ||||||||||||||||||||
FHLB stock | ||||||||||||||||||||
Loans held for sale | ||||||||||||||||||||
Loans | ||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||
Interest rate collar | ||||||||||||||||||||
Liabilities | ||||||||||||||||||||
Time deposits | $ | $ | $ | $ | $ | |||||||||||||||
FHLB advances | ||||||||||||||||||||
Repurchase agreements | ||||||||||||||||||||
Subordinated debentures | ||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||
December 31, 2018 | ||||||||||||||||||||
Carrying Amount | Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
(in thousands) | ||||||||||||||||||||
Assets | ||||||||||||||||||||
Cash and due from banks | $ | $ | $ | $ | $ | |||||||||||||||
Interest-earning deposits with banks | ||||||||||||||||||||
Debt securities available for sale | ||||||||||||||||||||
FHLB stock | ||||||||||||||||||||
Loans held for sale | ||||||||||||||||||||
Loans | ||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||
Liabilities | ||||||||||||||||||||
Time deposits | $ | $ | $ | $ | $ | |||||||||||||||
FHLB advances | ||||||||||||||||||||
Repurchase agreements | ||||||||||||||||||||
Subordinated debentures | ||||||||||||||||||||
Interest rate contracts | ||||||||||||||||||||
15. |
Three Months Ended | ||||||||
March 31, | ||||||||
2019 | 2018 | |||||||
(in thousands except per share amounts) | ||||||||
Basic EPS: | ||||||||
Net income | $ | $ | ||||||
Less: Earnings allocated to participating securities: | ||||||||
Nonvested restricted shares | ||||||||
Earnings allocated to common shareholders | $ | $ | ||||||
Weighted average common shares outstanding | ||||||||
Basic earnings per common share | $ | $ | ||||||
Diluted EPS: | ||||||||
Earnings allocated to common shareholders | $ | $ | ||||||
Weighted average common shares outstanding | ||||||||
Dilutive effect of equity awards | ||||||||
Weighted average diluted common shares outstanding | ||||||||
Diluted earnings per common share | $ | $ | ||||||
Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive | ||||||||
16. |
a. | Revenue earned at a point in time - Examples of revenue earned at a point in time are ATM transaction fees, wire transfer fees, overdraft fees, interchange fees and foreign exchange transaction fees. Revenue is primarily based on the number and type of transactions and is generally derived from transactional information accumulated by our systems and is recognized immediately as the transactions occur or upon providing the service to complete the customer’s transaction. The Company is the principal in each of these contracts, with the exception of interchange fees, in which case we are acting as the agent and record revenue net of expenses paid to the principal. |
b. | Revenue earned over time - The Company earns revenue from contracts with customers in a variety of ways where the revenue is earned over a period of time - generally monthly. Examples of this type of revenue are deposit account maintenance fees, investment advisory fees, merchant revenue and safe deposit box fees. Revenue is generally derived from transactional information accumulated by our systems or those of third-parties and is recognized as the related transactions occur or services are rendered to the customer. |
Three Months Ended March 31, | ||||||||
2019 | 2018 | |||||||
(in thousands) | ||||||||
Noninterest income: | ||||||||
Revenue from contracts with customers: | ||||||||
Deposit account and treasury management fees | $ | $ | ||||||
Card revenue | ||||||||
Financial services and trust revenue | ||||||||
Total revenue from contracts with customers | ||||||||
Other sources of noninterest income | ||||||||
Total noninterest income | $ | $ | ||||||
Item 2. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
• | national and global economic conditions could be less favorable than expected or could have a more direct and pronounced effect on us than expected and adversely affect our ability to continue internal growth and maintain the quality of our earning assets; |
• | the markets where we operate and make loans could face challenges; |
• | the risks presented by the economy, which could adversely affect credit quality, collateral values, including real estate collateral, investment values, liquidity and loan originations and loan portfolio delinquency rates; |
• | the efficiencies and enhanced financial and operating performance we expect to realize from investments in personnel, acquisitions, and infrastructure may not be realized; |
• | interest rate changes could significantly reduce net interest income and negatively affect funding sources; |
• | the effect of changes to LIBOR; |
• | projected business increases following strategic expansion could be lower than expected; |
• | changes in the scope and cost of FDIC insurance and other coverages; |
• | the impact of acquired loans on our earnings; |
• | changes in accounting principles, policies and guidelines applicable to bank holding companies and banking; |
• | changes in laws and regulations affecting our businesses, including changes in the enforcement and interpretation of such laws and regulations by applicable governmental and regulatory agencies; |
• | competition among financial institutions and nontraditional providers of financial services could increase significantly; |
• | continued consolidation in the Northwest financial services industry resulting in the creation of larger financial institutions that may have greater resources could change the competitive landscape; |
• | the goodwill we have recorded in connection with acquisitions could become impaired, which may have an adverse impact on our earnings and capital; |
• | our ability to identify and address cyber-security risks, including security breaches, “denial of service attacks,” “hacking” and identity theft; |
• | any material failure or interruption of our information and communications systems or inability to keep pace with technological changes; |
• | our ability to effectively manage credit risk, interest rate risk, market risk, operational risk, legal risk, liquidity risk and regulatory and compliance risk; |
• | failure to maintain effective internal controls over financial reporting or disclosure controls and procedures; |
• | the effect of geopolitical instability, including wars, conflicts and terrorist attacks; |
• | our profitability measures could be adversely affected if we are unable to effectively manage our capital; |
• | natural disasters, including earthquakes, tsunamis, flooding, fires and other unexpected events; and |
• | the effects of any damage to our reputation resulting from developments related to any of the items identified above. |
Three Months Ended March 31, | Three Months Ended March 31, | |||||||||||||||||||||
2019 | 2018 | |||||||||||||||||||||
Average Balances | Interest Earned / Paid | Average Rate (3) | Average Balances | Interest Earned / Paid | Average Rate (3) | |||||||||||||||||
(dollars in thousands) | ||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||
Loans, net (1)(2) | $ | 8,406,664 | $ | 109,715 | 5.29 | % | $ | 8,348,740 | $ | 104,091 | 5.06 | % | ||||||||||
Taxable securities | 2,637,436 | 17,415 | 2.68 | % | 2,158,039 | 12,708 | 2.39 | % | ||||||||||||||
Tax exempt securities (2) | 502,765 | 3,758 | 3.03 | % | 524,211 | 3,878 | 3.00 | % | ||||||||||||||
Interest-earning deposits with banks | 14,762 | 88 | 2.42 | % | 91,763 | 345 | 1.52 | % | ||||||||||||||
Total interest-earning assets | 11,561,627 | 130,976 | 4.59 | % | 11,122,753 | 121,022 | 4.41 | % | ||||||||||||||
Other earning assets | 232,077 | 218,126 | ||||||||||||||||||||
Noninterest-earning assets | 1,254,337 | 1,262,265 | ||||||||||||||||||||
Total assets | $ | 13,048,041 | $ | 12,603,144 | ||||||||||||||||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||||||||||||||||
Certificates of deposit | $ | 406,539 | $ | 576 | 0.57 | % | $ | 479,729 | $ | 526 | 0.44 | % | ||||||||||
Savings accounts | 897,335 | 44 | 0.02 | % | 878,170 | 41 | 0.02 | % | ||||||||||||||
Interest-bearing demand | 1,258,054 | 953 | 0.31 | % | 1,252,823 | 535 | 0.17 | % | ||||||||||||||
Money market accounts | 2,664,468 | 2,925 | 0.45 | % | 2,795,008 | 1,407 | 0.20 | % | ||||||||||||||
Total interest-bearing deposits | 5,226,396 | 4,498 | 0.35 | % | 5,405,730 | 2,509 | 0.19 | % | ||||||||||||||
FHLB advances | 499,428 | 2,685 | 2.18 | % | 125,660 | 570 | 1.84 | % | ||||||||||||||
Subordinated debentures | 35,438 | 468 | 5.36 | % | 35,623 | 468 | 5.33 | % | ||||||||||||||
Other borrowings and interest-bearing liabilities | 41,703 | 215 | 2.09 | % | 60,840 | 116 | 0.77 | % | ||||||||||||||
Total interest-bearing liabilities | 5,802,965 | 7,866 | 0.55 | % | 5,627,853 | 3,663 | 0.26 | % | ||||||||||||||
Noninterest-bearing deposits | 5,044,620 | 4,928,750 | ||||||||||||||||||||
Other noninterest-bearing liabilities | 155,624 | 97,266 | ||||||||||||||||||||
Shareholders’ equity | 2,044,832 | 1,949,275 | ||||||||||||||||||||
Total liabilities & shareholders’ equity | $ | 13,048,041 | $ | 12,603,144 | ||||||||||||||||||
Net interest income (tax equivalent) | $ | 123,110 | $ | 117,359 | ||||||||||||||||||
Net interest margin (tax equivalent) | 4.32 | % | 4.28 | % | ||||||||||||||||||
(1) | Nonaccrual loans have been included in the tables as loans carrying a zero yield. Amortized net deferred loan fees and net unearned discounts on acquired loans were included in the interest income calculations. The amortization of net deferred loan fees was $2.2 million for the three months ended March 31, 2019 and 2018. The incremental accretion income on acquired loans was $2.0 million and $3.7 million for the three months ended March 31, 2019 and 2018, respectively. |
(2) | Tax-exempt income is calculated on a tax equivalent basis. The tax equivalent yield adjustment to interest earned on loans was $1.3 million and $1.1 million for the three months ended March 31, 2019 and 2018, respectively. The tax equivalent yield adjustment to interest earned on tax exempt securities was $789 thousand and $814 thousand for the three month periods ended March 31, 2019 and 2018, respectively. |
(3) | Beginning January 2019, average rates were calculated using the actual number of days on an Actual/Actual basis. This change was done to provide more meaningful trend information, on a quarterly basis, for our NIM regardless of the number of days in the quarter. Prior periods, which were previously reported on a 30/360 basis, have been restated to conform to the current basis. |
Three Months Ended March 31, 2019 Compared to 2018 Increase (Decrease) Due to | ||||||||||||
Volume | Rate | Total | ||||||||||
(in thousands) | ||||||||||||
Interest Income | ||||||||||||
Loans, net | $ | 727 | $ | 4,897 | $ | 5,624 | ||||||
Taxable securities | 3,045 | 1,662 | 4,707 | |||||||||
Tax exempt securities | (160 | ) | 40 | (120 | ) | |||||||
Interest earning deposits with banks | (392 | ) | 135 | (257 | ) | |||||||
Interest income | $ | 3,220 | $ | 6,734 | $ | 9,954 | ||||||
Interest Expense | ||||||||||||
Deposits: | ||||||||||||
Certificates of deposit | $ | (88 | ) | $ | 138 | $ | 50 | |||||
Savings accounts | 1 | 2 | 3 | |||||||||
Interest-bearing demand | 2 | 416 | 418 | |||||||||
Money market accounts | (69 | ) | 1,587 | 1,518 | ||||||||
Total interest on deposits | (154 | ) | 2,143 | 1,989 | ||||||||
FHLB advances | 1,991 | 124 | 2,115 | |||||||||
Other borrowings and interest-bearing liabilities | (22 | ) | 121 | 99 | ||||||||
Interest expense | $ | 1,815 | $ | 2,388 | $ | 4,203 | ||||||
Three Months Ended March 31, | ||||||||
2019 | 2018 | |||||||
(dollars in thousands) | ||||||||
Incremental accretion income due to: | ||||||||
FDIC PCI loans | $ | 288 | $ | 329 | ||||
Other acquired loans | 1,747 | 3,370 | ||||||
Incremental accretion income | $ | 2,035 | $ | 3,699 | ||||
Net interest margin (tax equivalent) (1) | 4.32 | % | 4.28 | % | ||||
Operating net interest margin (1)(2) | 4.33 | % | 4.24 | % | ||||
Three Months Ended March 31, | |||||||||||||||
2019 | 2018 | $ Change | % Change | ||||||||||||
(dollars in thousands) | |||||||||||||||
Deposit account and treasury management fees | $ | 8,980 | $ | 8,740 | $ | 240 | 3 | % | |||||||
Card revenue | 3,662 | 5,813 | (2,151 | ) | (37 | )% | |||||||||
Financial services and trust revenue | 2,957 | 2,730 | 227 | 8 | % | ||||||||||
Loan revenue | 2,389 | 3,186 | (797 | ) | (25 | )% | |||||||||
Bank owned life insurance | 1,519 | 1,426 | 93 | 7 | % | ||||||||||
Investment securities gains, net | 1,847 | 22 | 1,825 | 100 | % | ||||||||||
Other | 342 | 1,226 | (884 | ) | (72 | )% | |||||||||
Total noninterest income | $ | 21,696 | $ | 23,143 | $ | (1,447 | ) | (6 | )% | ||||||
Three Months Ended March 31, | |||||||||||||||
2019 | 2018 | $ Change | % Change | ||||||||||||
(dollars in thousands) | |||||||||||||||
Compensation and employee benefits | $ | 52,085 | $ | 50,570 | $ | 1,515 | 3 | % | |||||||
Occupancy | 8,809 | 10,121 | (1,312 | ) | (13 | )% | |||||||||
Data processing | 4,669 | 5,270 | (601 | ) | (11 | )% | |||||||||
Legal and professional services | 4,573 | 3,237 | 1,336 | 41 | % | ||||||||||
Amortization of intangibles | 2,748 | 3,188 | (440 | ) | (14 | )% | |||||||||
B&O taxes (1) | 1,876 | 1,317 | 559 | 42 | % | ||||||||||
Advertising and promotion | 974 | 1,429 | (455 | ) | (32 | )% | |||||||||
Regulatory premiums | 984 | 937 | 47 | 5 | % | ||||||||||
Net cost of operation of OREO | 113 | 1 | 112 | 100 | % | ||||||||||
Other (1) | 7,869 | 9,917 | (2,048 | ) | (21 | )% | |||||||||
Total noninterest expense | $ | 84,700 | $ | 85,987 | $ | (1,287 | ) | (1 | )% | ||||||
Three Months Ended | ||||||||
March 31, | ||||||||
2019 | 2018 | |||||||
(in thousands) | ||||||||
Acquisition-related expenses: | ||||||||
Compensation and employee benefits | $ | — | $ | 1,556 | ||||
Occupancy | — | 1,004 | ||||||
Data processing | — | 287 | ||||||
Legal and professional fees | — | 574 | ||||||
Advertising and promotion | — | 512 | ||||||
Other | — | 332 | ||||||
Total impact of acquisition-related expense to noninterest expense (1) | $ | — | $ | 4,265 | ||||
March 31, 2019 | December 31, 2018 | |||||||
(in thousands) | ||||||||
Debt securities available for sale: | ||||||||
U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations | $ | 2,155,614 | $ | 2,188,290 | ||||
State and municipal securities | 536,490 | 574,323 | ||||||
U.S. government agency and government-sponsored enterprise securities | 334,917 | 404,587 | ||||||
U.S. government securities | 249 | 248 | ||||||
Total debt securities available for sale | $ | 3,027,270 | $ | 3,167,448 | ||||
March 31, 2019 | % of Total | December 31, 2018 | % of Total | |||||||||||
(dollars in thousands) | ||||||||||||||
Commercial business | $ | 3,509,472 | 41.2 | % | $ | 3,438,422 | 41.0 | % | ||||||
Real estate: | ||||||||||||||
One-to-four family residential | 282,673 | 3.3 | % | 238,367 | 2.8 | % | ||||||||
Commercial and multifamily residential | 3,917,833 | 46.1 | % | 3,846,027 | 45.8 | % | ||||||||
Total real estate | 4,200,506 | 49.4 | % | 4,084,394 | 48.6 | % | ||||||||
Real estate construction: | ||||||||||||||
One-to-four family residential | 207,900 | 2.4 | % | 217,790 | 2.6 | % | ||||||||
Commercial and multifamily residential | 240,458 | 2.8 | % | 284,394 | 3.4 | % | ||||||||
Total real estate construction | 448,358 | 5.2 | % | 502,184 | 6.0 | % | ||||||||
Consumer | 312,886 | 3.7 | % | 318,945 | 3.8 | % | ||||||||
PCI | 88,257 | 1.0 | % | 89,760 | 1.1 | % | ||||||||
Subtotal | 8,559,479 | 100.5 | % | 8,433,705 | 100.5 | % | ||||||||
Less: Net unearned income | (38,681 | ) | (0.5 | )% | (42,194 | ) | (0.5 | )% | ||||||
Loans, net of unearned income (before ALLL) | $ | 8,520,798 | 100.0 | % | $ | 8,391,511 | 100.0 | % | ||||||
Loans held for sale | $ | 4,017 | $ | 3,849 | ||||||||||
March 31, 2019 | December 31, 2018 | |||||||
Acquisition: | (in thousands) | |||||||
Pacific Continental | $ | 17,327 | $ | 18,526 | ||||
Intermountain | 2,188 | 2,303 | ||||||
West Coast | 4,145 | 4,578 | ||||||
Other | (959 | ) | 725 | |||||
Total net discount at period end | $ | 22,701 | $ | 26,132 | ||||
March 31, 2019 | December 31, 2018 | |||||||
(dollars in thousands) | ||||||||
Nonperforming assets | ||||||||
Nonaccrual loans: | ||||||||
Commercial business | $ | 35,577 | $ | 35,513 | ||||
Real estate: | ||||||||
One-to-four family residential | 923 | 1,158 | ||||||
Commercial and multifamily residential | 13,301 | 14,904 | ||||||
Total real estate | 14,224 | 16,062 | ||||||
Real estate construction: | ||||||||
One-to-four family residential | — | 318 | ||||||
Consumer | 2,814 | 2,949 | ||||||
Total nonaccrual loans | 52,615 | 54,842 | ||||||
OREO and OPPO | 6,075 | 6,049 | ||||||
Total nonperforming assets | $ | 58,690 | $ | 60,891 | ||||
Loans, net of unearned income | $ | 8,520,798 | $ | 8,391,511 | ||||
Total assets | $ | 13,064,436 | $ | 13,095,145 | ||||
Nonperforming loans to period end loans | 0.62 | % | 0.65 | % | ||||
Nonperforming assets to period end assets | 0.45 | % | 0.46 | % | ||||
Three Months Ended March 31, | ||||||||
2019 | 2018 | |||||||
(dollars in thousands) | ||||||||
Beginning balance, loans excluding PCI loans | $ | 79,758 | $ | 68,739 | ||||
Beginning balance, PCI loans | 3,611 | 6,907 | ||||||
Beginning balance | 83,369 | 75,646 | ||||||
Charge-offs: | ||||||||
Commercial business | (1,249 | ) | (2,477 | ) | ||||
One-to-four family residential | (2 | ) | — | |||||
Commercial and multifamily residential | — | (223 | ) | |||||
One-to-four family residential construction | (170 | ) | — | |||||
Consumer | (478 | ) | (264 | ) | ||||
PCI loans | (1,089 | ) | (1,343 | ) | ||||
Total charge-offs | (2,988 | ) | (4,307 | ) | ||||
Recoveries: | ||||||||
Commercial business | 480 | 802 | ||||||
One-to-four family residential | 17 | 172 | ||||||
Commercial and multifamily residential | 31 | 159 | ||||||
One-to-four family residential construction | 60 | 19 | ||||||
Consumer | 238 | 260 | ||||||
PCI loans | 705 | 1,224 | ||||||
Total recoveries | 1,531 | 2,636 | ||||||
Net charge-offs | (1,457 | ) | (1,671 | ) | ||||
Provision for loan and lease losses, loans excluding PCI loans | 1,344 | 6,975 | ||||||
Provision (recapture) for loan and lease losses, PCI loans | 18 | (1,123 | ) | |||||
Provision for loan and lease losses | 1,362 | 5,852 | ||||||
Ending balance, loans excluding PCI loans | 80,029 | 74,162 | ||||||
Ending balance, PCI loans | 3,245 | 5,665 | ||||||
Ending balance | $ | 83,274 | $ | 79,827 | ||||
Total loans, net at end of period, excluding loans held of sale | $ | 8,520,798 | $ | 8,339,631 | ||||
ALLL to period-end loans | 0.98 | % | 0.96 | % | ||||
ALLL for unfunded commitments and letters of credit | ||||||||
Beginning balance | $ | 4,330 | $ | 3,130 | ||||
Net changes in the ALLL for unfunded commitments and letters of credit | (550 | ) | 1,200 | |||||
Ending balance | $ | 3,780 | $ | 4,330 | ||||
March 31, 2019 | December 31, 2018 | |||||||||||||
Balance | % of Total | Balance | % of Total | |||||||||||
(dollars in thousands) | ||||||||||||||
Core deposits: | ||||||||||||||
Demand and other noninterest-bearing | $ | 5,106,568 | 49.2 | % | $ | 5,227,216 | 50.0 | % | ||||||
Interest-bearing demand | 1,270,047 | 12.2 | % | 1,244,254 | 11.9 | % | ||||||||
Money market | 2,389,024 | 23.0 | % | 2,367,964 | 22.6 | % | ||||||||
Savings | 897,329 | 8.7 | % | 890,557 | 8.5 | % | ||||||||
Certificates of deposit, less than $250,000 | 236,014 | 2.3 | % | 243,849 | 2.3 | % | ||||||||
Total core deposits | 9,898,982 | 95.4 | % | 9,973,840 | 95.3 | % | ||||||||
Certificates of deposit, $250,000 or more | 101,965 | 1.0 | % | 89,473 | 0.9 | % | ||||||||
Certificates of deposit insured by CDARS® | 22,890 | 0.2 | % | 23,580 | 0.2 | % | ||||||||
Brokered certificates of deposit | 51,375 | 0.5 | % | 57,930 | 0.6 | % | ||||||||
Reciprocal money market accounts | 294,096 | 2.9 | % | 313,692 | 3.0 | % | ||||||||
Subtotal | 10,369,308 | 100.0 | % | 10,458,515 | 100.0 | % | ||||||||
Valuation adjustment resulting from acquisition accounting | (299 | ) | (389 | ) | ||||||||||
Total deposits | $ | 10,369,009 | $ | 10,458,126 | ||||||||||
Company | Columbia Bank | |||||||||||
March 31, 2019 | December 31, 2018 | March 31, 2019 | December 31, 2018 | |||||||||
CET1 risk-based capital ratio | 12.7759 | % | 12.7401 | % | 12.7042 | % | 12.9576 | % | ||||
Tier 1 risk-based capital ratio | 12.7759 | % | 12.7401 | % | 12.7042 | % | 12.9576 | % | ||||
Total risk-based capital ratio | 14.0053 | % | 13.9920 | % | 13.5787 | % | 13.8494 | % | ||||
Leverage ratio | 10.3718 | % | 10.2444 | % | 10.3058 | % | 10.4185 | % | ||||
Capital conservation buffer | 6.0053 | % | 5.9920 | % | 5.5787 | % | 5.8494 | % | ||||
Three Months Ended March 31, | ||||||||
2019 | 2018 | |||||||
Operating net interest margin non-GAAP reconciliation: | (dollars in thousands) | |||||||
Net interest income (tax equivalent) (1) | $ | 123,110 | $ | 117,359 | ||||
Adjustments to arrive at operating net interest income (tax equivalent): | ||||||||
Incremental accretion income on FDIC PCI loans | (288 | ) | (329 | ) | ||||
Incremental accretion income on other acquired loans | (1,747 | ) | (3,370 | ) | ||||
Premium amortization on acquired securities | 1,779 | 2,075 | ||||||
Interest reversals on nonaccrual loans | 626 | 417 | ||||||
Operating net interest income (tax equivalent) (1) | $ | 123,480 | $ | 116,152 | ||||
Average interest earning assets | $ | 11,561,627 | $ | 11,122,753 | ||||
Net interest margin (tax equivalent) (1)(2) | 4.32 | % | 4.28 | % | ||||
Operating net interest margin (tax equivalent) (1)(2) | 4.33 | % | 4.24 | % | ||||
Item 3. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |
Item 4. | CONTROLS AND PROCEDURES |
Item 1. | LEGAL PROCEEDINGS |
Item 2. | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS |
(a) | Not applicable |
(b) | Not applicable |
(c) | The following table provides information about repurchases of common stock by the Company during the quarter ended March 31, 2019: |
Period | Total Number of Common Shares Purchased (1) | Average Price Paid per Common Share | Total Number of Shares Purchased as Part of Publicly Announced Plan (2) | Maximum Number of Remaining Shares That May Yet Be Purchased Under the Plan (2) | |||||||||
1/1/2019 - 1/31/2019 | 377 | $ | 36.65 | — | 2,900,000 | ||||||||
2/1/2019 - 2/28/2019 | 156 | 36.32 | — | 2,900,000 | |||||||||
3/1/2019 - 3/31/2019 | 63,803 | 37.81 | — | 2,900,000 | |||||||||
64,336 | $ | 37.80 | — | ||||||||||
Item 3. | DEFAULTS UPON SENIOR SECURITIES |
Item 4. | MINE SAFETY DISCLOSURES |
Item 5. | OTHER INFORMATION |
Item 6. | EXHIBITS |
10.1+ ** | ||
10.2+ ** | ||
10.3+ ** | ||
10.4+ ** | ||
31.1+ | ||
31.2+ | ||
32+ | ||
101.INS+ | XBRL Instance Document - The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. | |
101.SCH+ | XBRL Taxonomy Extension Schema | |
101.CAL+ | XBRL Taxonomy Extension Calculation Linkbase | |
101.LAB+ | XBRL Taxonomy Extension Label Linkbase | |
101.PRE+ | XBRL Taxonomy Extension Presentation Linkbase | |
101.DEF+ | XBRL Taxonomy Extension Definition Linkbase | |
COLUMBIA BANKING SYSTEM, INC. | |||||
Date: | May 3, 2019 | By | /s/ HADLEY S. ROBBINS | ||
Hadley S. Robbins | |||||
President and Chief Executive Officer (Principal Executive Officer) | |||||
Date: | May 3, 2019 | By | /s/ GREGORY A. SIGRIST | ||
Gregory A. Sigrist | |||||
Executive Vice President and Chief Financial Officer (Principal Financial Officer) | |||||
Date: | May 3, 2019 | By | /s/ BROCK M. LAKELY | ||
Brock M. Lakely | |||||
Senior Vice President and Chief Accounting Officer (Principal Accounting Officer) | |||||
Company: | Columbia Bank 1301 ‘A’ Street, Ste. 900 Tacoma, WA 98402-4200 Attn: (Corporate Secretary) |
Employee: | Clint Stein |
DATE OF SEPARATION FROM SERVICE | APPLICABLE PERCENTAGE |
March 11, 2018 through March 10, 2021 | 0% |
March 11, 2021 | 15% |
March 11, 2022 | 20% |
March 11, 2023 | 25% |
March 11, 2024 | 30% |
March 11, 2025 | 35% |
March 11, 2026 | 40% |
March 11, 2027 | 45% |
March 11, 2028 | 50% |
March 11, 2029 | 55% |
March 11, 2030 | 60% |
March 11, 2031 | 65% |
March 11, 2032 | 70% |
March 11, 2033 | 75% |
March 11, 2034 | 80% |
March 11, 2035 | 85% |
March 11, 2036 | 90% |
March 11, 2037 | 95% |
March 11, 2038 | 100% |
(1) | The date any one person, or persons acting as a group acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or group) ownership of stock of the corporation possessing thirty percent (30%) or more of the total voting power of the stock of such corporation; or |
(2) | The date a majority of members of the corporation’s board of directors is replaced during any twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the corporation’s board of directors before the date of the appointment or election. |
C. | Change in the Ownership of a Substantial Portion of a Corporation’s Assets. A change in the ownership of a substantial portion of a corporation’s assets shall be deemed to occur on the date that any one person or group acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) assets from the corporation that have a total gross fair market value equal to or more than forty percent (40%) of the total gross fair market value of all of the assets of the corporation immediately before such acquisition or acquisitions. No Change in Control shall result if the assets are transferred to certain entities controlled directly or indirectly by the shareholders of the transferring corporation. |
A. | The Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months; or |
B. | The Executive is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Employee’s employer. |
A. | Willful misfeasance or gross negligence; |
B. | Conduct demonstrably and significantly harmful to Employer or a financial institution subsidiary; or |
C. | Conviction of a felony. |
A. | A material diminution in the Executive’s total compensation; |
B. | A material diminution in the Executive’s authority, duties, or responsibilities; |
C. | A material change in the geographic location at which Employee must perform services (within the meaning of Treasury Regulations Section 1.409A-1(n)(2)(ii)(A)(5)), provided that in no event shall a change in |
(i) | When payments under this Agreement are defined as annual lifetime benefits that are paid monthly, then each of the first one hundred eighty (180) monthly payments shall be reduced by Four Thousand Nine Hundred Sixty-Six Dollars and Sixty-Seven Cents ($4,966.67). This shall be the case even when such reduction results in no benefit being paid under this Agreement until on or after One Hundred Eighty (180) payments would otherwise have been made. |
(ii) | When payments under this Article V are payable as a lump sum, then the lump sum calculated and owing under this Agreement shall be reduced by an amount equal to the following: The NPV as of the date of Separation From Service or Disability of an annual benefit of Fifty-Nine Thousand, Six Hundred Dollars ($59,600), payable for a period of Fifteen (15) years, assuming payments commence on the Separation From Service or Disability date. This shall be the case even when such reduction results in no benefit being paid under this Agreement. |
A. | Amount of Benefit. In the event Executive Separates From Service on or after attaining the Normal Retirement Age (and for reasons other than a Termination for Cause, because of a Disability, or pursuant to the provisions of Paragraph 5.4 dealing with a Change in Control), then the Executive Benefit shall be an annual amount calculated as follows: the Applicable Percentage (as of the Separation From Service date) multiplied by the Target Benefit Amount. In addition to the forgoing, the annual Executive Benefit shall be increased at the rate of two percent (2%) each year, beginning on the first anniversary of the first Executive Benefit payment and annually thereafter for so long as Executive is entitled to receive payments. |
B. | Payment Method. This annual Executive Benefit shall be paid in twelve (12) substantially equal monthly installments, with payments commencing on the first day of the first month following Executive’s Separation From Service and continuing until the death of the Executive. Pursuant to |
A. | Amount of Benefit. |
(1) | Involuntary Termination or Voluntary Termination With Ten (10) Years of Service. In the event of an Involuntary Termination or a Voluntary Termination after completing ten (10) Years of Service, either of which occur on or after attaining the Early Retirement Age but before attaining the Normal Retirement Age (and other than following a Change in Control), then Executive shall be entitled to receive an annual amount calculated as follows: the Applicable Percentage (as of the Separation From Service date) multiplied by the Target Benefit Amount; however, this amount shall be reduced by the Early Commencement Reduction Factor. In addition, the annual Executive Benefit amount shall be increased at the rate of two percent (2%) each year, beginning on the first anniversary of the first Executive Benefit payment and annually thereafter for so long as Executive is entitled to receive payments. |
(2) | Voluntary Termination Without Ten Years of Service. If Executive has not completed ten (10) Years of Service, then upon a Voluntary Separation From Service on or after attaining the Early Retirement Age but before attaining the Normal Retirement Age, Executive shall forfeit all rights and benefits they may have had under the terms of this Agreement. |
B. | Payment Method. Any Executive Benefit due hereunder shall be paid in twelve (12) substantially equal monthly installments, with payments commencing on the first day of the first month following Executive’s Separation From Service and continuing until Executive’s death. Pursuant to Paragraph 4.2, Executive shall have the ability to timely select an alternate form of annuity payment. |
A. | Benefit Amount. |
(1) | Involuntary Termination or Voluntary Termination After Achieving an Applicable Percentage of One Hundred Percent (100%). If, prior to attaining the Early Retirement Age, Executive is Involuntarily Terminated or Voluntarily Terminates after achieving an Applicable Percentage of one hundred percent (100%), then they shall be entitled to receive an Executive Benefit equal to the Actuarial Equivalent of the following: a lifetime benefit with an annual amount equal to the Applicable Percentage (as of the Separation From Service date) multiplied by the Target Benefit Amount, assuming a payment commencement date of the first day of the first month immediately following Executive’s attainment of the Normal Retirement Age, and assuming a two percent (2%) per year increase in the Executive Benefit amount. |
(2) | Voluntary Termination Prior to Achieving an Applicable Percentage of One Hundred Percent. If Executive Voluntarily Terminates employment with the Bank prior to attaining the Early Retirement Age and prior to achieving an Applicable Percentage of one hundred percent (100%), then they shall forfeit any and all rights and benefits they may have under the terms of this Agreement and shall have no right to be paid any of the amounts which would otherwise be due or paid to the Executive by the Bank pursuant to the terms of this Agreement. |
B. | Payment Method. Any amounts due under this Paragraph 5.3 shall be paid in one (1) lump sum one (1) year following Separation From Service. |
A. | Benefit Amount. |
(1) | Involuntary Termination or Termination for Good Reason. If Executive is Involuntarily Terminated or Terminates for Good Reason following a Change in Control and prior to attaining the Normal Retirement Age, then they shall be entitled to receive an |
(2) | Voluntary Termination. If Executive Voluntarily Separates From Service following a Change in Control, then they shall be entitled to receive one of the following amounts, depending on the circumstances specified below: |
(i) | If, at the time of such Voluntary Separation From Service, Executive has (a) attained the Early Retirement Age and completed ten (10) Years of Service, or (b) attained at least the Normal Retirement Age, or (c) achieved an Applicable Percentage of one hundred percent (100%), then they shall receive an annual amount calculated as follows: the Applicable Percentage (as of the Separation From Service date) multiplied by the Target Benefit Amount. As stated in Paragraph 5.4B, whether paid as an annuity or lump sum, this Executive Benefit shall reflect a two percent (2%) annual benefit increase, and when paid as an annuity prior to Normal Retirement Age, shall be subject to the Early Commencement Reduction Factor. Furthermore, Executive shall be subject to the provisions of Article VI below. |
(ii) | If Executive Voluntarily Separates From Service following a Change in Control but does not satisfy the requirements of Paragraph 5.4A(2)(i) above, then they shall forfeit all rights and benefits they may have had under the terms of this Agreement. |
subparagraph 5.4B(1), a Separation From Service which occurs after the expiration of the two (2) year window following a Change in Control shall be paid as specified below in sub-paragraph 5.4B(2). Subject to the forgoing, Executive Benefit payments pursuant to this Paragraph 5.4 shall be as follows: |
(1) | If Executive’s Separation From Service occurs within two (2) years following a Change in Control, then, when timely elected by Executive in the Distribution Election Form, the Executive Benefit payable pursuant to the terms of Paragraph 5.4A above shall be paid in one (1) lump sum as an Actuarial Equivalent value, assuming a lifetime benefit with a payment commencement date of the first day of the first month following Executive’s attainment of the Normal Retirement Age and assuming a two percent (2%) annual increase in Executive Benefit amounts. This Actuarial Equivalent amount shall be paid in one (1) lump sum on the first day of the first month following Separation From Service. |
(2) | If Executive’s Separation From Service occurs after the expiration of the two (2) year window following a Change in Control, or if Executive did not elect the payment option specified above under Paragraph 5.4B(1), then the Executive Benefit payable pursuant to the terms of this Paragraph 5.4 shall be paid as follows and depending upon Executive’s age at the time of Separation From Service: |
(i) | If Executive has attained at least the Early Retirement Age at the time of Separation From Service, then annual Executive Benefit payments shall be paid in twelve (12) substantially equal monthly installments, with payments commencing on the first day of the first month following Executive’s Separation From Service and continuing until Executive’s death. The forgoing Executive Benefit shall be subject to the Early Commencement Reduction Factor and the annual Executive Benefit amount shall be increased at the rate of two percent (2%) each year beginning on the first anniversary of the first Executive Benefit payment and annually thereafter for so long as Executive is entitled to receive an Executive Benefit. Pursuant to Paragraph 4.2, Executive shall have the ability to timely select an alternate form of annuity payment. |
(ii) | If Executive has not yet attained the Early Retirement Age as of the date of Separation From Service, then the Executive Benefit defined above in Paragraph 5.4A shall be paid out in one (1) lump sum as an Actuarial Equivalent value, assuming a lifetime benefit with a payment commencement |
A. | Benefit Amount. In the event Executive becomes Disabled prior to Separating From Service, then upon such Disability (and subject to the provisions of Article VI below), Executive shall be entitled to receive one (1) of the following amounts, depending on circumstances: |
(1) | If Executive becomes Disabled prior to attaining the Normal Retirement Age, then they shall be paid a lump sum amount equal to the Actuarial Equivalent value of the following: a lifetime benefit with annual payments equal to the Applicable Percentage that Executive would have achieved had they remained employed until the Normal Retirement Age, multiplied by the Target Benefit Amount, assuming a payment commencement date of the Normal Retirement Age and factoring in a two percent (2%) annual increase in Executive Benefit amounts. In addition, for the purposes of this provision, the Target Benefit Amount shall be determined based on the following assumptions: it shall be assumed that for each year following Executive becoming Disabled, Executive’s Base Salary would increase at a rate of three percent (3%) each year on the anniversary of Executive’s date of hire until such time as Executive attains the Normal Retirement Age. |
(2) | If Executive becomes Disabled after attaining the Normal Retirement Age, then the Executive shall be entitled to be paid a lump sum amount equal to the Actuarial Equivalent value of the following: a lifetime benefit with annual payments equal to the Applicable Percentage (as of the date of Separation from Service) multiplied by the Target Benefit Amount, assuming a payment commencement date of the date of Disability and factoring in a two percent (2%) annual increase in Executive Benefit amounts. |
B. | Benefit Payments. All amounts due as a result of Disability shall be paid in one (1) lump sum on the first day of the first month following Disability. |
A. | Benefit Amount and Payment. |
(1) | Death prior to Separation From Service. If Executive dies prior to Separating From Service, then there are no death benefits payable under this Agreement. Any such benefits would be payable pursuant to a Split Dollar Life Insurance Agreement, if any exists. |
(2) | Death after Separation From Service and after becoming entitled to receive payment but prior to receiving any or all such payments. In the event Executive dies after Separating From Service and after becoming entitled to the benefits specified under this Agreement, then, for any Executive Benefit payment which has an original form specified herein as a lifetime annuity (i.e., Paragraph 5.1, 5.2, 5.4B(2)(i)), payments shall only be made following Executive’s death if Executive has elected an actuarially equivalent period certain or a joint and survivor payment option. If, in the alternative, Executive dies after becoming entitled to a lump sum benefit but prior to receiving such amount (i.e. Paragraph 5.3, 5.4B(1), 5.4B(2)(ii) or 5.5) then payment shall be made as scheduled to Executive’s designated Beneficiary(ies). |
A. | Solicit, or attempt to solicit, induce, invite, encourage, recommend, request, or participate in recruiting any client or customer of Employer to terminate or change the client or customer’s relationship with Employer, including without limitation, transferring the client or customer’s business to a Conflicting Organization; or |
B. | Solicit or attempt to solicit, induce, invite, encourage, recommend, request, or participate in recruiting any employee, current or future, of Employer, to leave employment with Employer in order to participate, as an employee or otherwise, in any manner in Competitive Activity for a Conflicting Organization, or to hire or cause to be hired or assist in the hiring of Employer’s current or future employees by a Conflicting Organization, or provide information to any third party to suggest, encourage, aid or facilitate such solicitation, inducement, recruitment or hiring. |
B. | Claim Decision. Upon receipt of such claim, the Plan Administrator shall respond to such claimant within ninety (90) days after receiving the claim. If the Plan Administrator determines that special circumstances require additional time for processing the claim, the Plan Administrator can extend the response period by an additional ninety (90) days for |
(i) | The specific reasons for the denial; |
(ii) | The specific reference to pertinent provisions of the Agreement on which the denial is based; |
(iii) | A description of any additional information or material necessary for the claimant to perfect the claim and an explanation of why such material or information is necessary; |
(iv) | Appropriate information as to the steps to be taken if the claimant wishes to submit the claim for review and the time limits applicable to such procedures; and |
(v) | A statement of the claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse benefit determination on review. |
D. | Decision on Review. The Plan Administrator shall respond in writing to such claimant within sixty (60) days after receiving the request for review. If the Plan Administrator determines that special circumstances require an extension of time for processing the claim, written notice of the extension shall be furnished to the claimant prior to the termination of the initial sixty (60) day period. In no event shall such extension exceed a period of sixty (60) days from the end of the initial period. The notice of extension must set forth the special circumstances requiring an extension of time and the date by which the Plan Administrator expects to render its decision. |
(iv) | A statement of the claimant’s right to bring a civil action under ERISA Section 502(a). |
E. | Special Timing Rules for Disability Claims. In the event a claim above is a claim for disability benefits, then the applicable time periods for notifying claimants regarding benefits determinations shall be reduced as required by 29 CFR 2560.503-1 (I.e., (a) the ninety (90) day response time with the possibility of a ninety (90) day extension in Section 8.2B shall be shortened to a forty-five (45) day response time with the possibility of a thirty (30) day extension, and (b) the sixty (60) day response time with the possibility of a sixty (60) day extension in shall be shortened to a forty-five (45) day response time with the possibility of a forty-five (45) day extension). In addition, in the event of a disability claim, the Bank shall identify any medical or vocational expert whose advice was obtained by the Plan in connection with the initial benefit determination, without regard to whether the advice was relied upon. If the review is from an adverse benefit determination that was based in whole or in part on a medical judgment, the Bank shall consult with a health care professional that has appropriate training and experience in the field of medicine involved in the medical judgment and who is neither the individual who was consulted in connection with the adverse benefit determination that is under review nor the subordinate of such individual. Any review of the denial of a claim made on account of disability shall be conducted by a person or persons who neither had any part in the initial benefit determination nor are subordinates of the persons who did. |
Age | Date of Separation from Service | Projected Salary | Three Year Average | 60% of Three Year Average | Applicable Percentage | Adjusted Benefit | Benefit Payment Stream December 14th 2024 | Benefit Payment Stream March 11th 2025 |
59.23 | 11-Mar-19 | $300,000 | $272,500 | $163,500 | —% | $— | ||
60.23 | 11-Mar-20 | $309,000 | $284,667 | $170,800 | —% | $— | ||
61.23 | 11-Mar-21 | $318,270 | $309,090 | $185,454 | 15% | $— | ||
62.23 | 11-Mar-22 | $327,818 | $318,363 | $191,018 | 20% | $— | ||
63.23 | 11-Mar-23 | $337,653 | $327,914 | $196,748 | 25% | $— | ||
64.23 | 11-Mar-24 | $347,782 | $337,751 | $202,651 | 30% | $— | ||
65.00 | 14-Dec-24 | $358,216 | $350,467 | $210,280 | 34% | $71,092 | $71,092 | |
65.23 | 11-Mar-25 | $358,216 | $350,467 | $210,280 | 35% | $73,598 | $72,514 | $73,598 |
66.23 | 11-Mar-26 | $368,962 | $358,294 | $214,976 | 40% | $85,991 | $73,964 | $75,070 |
67.23 | 11-Mar-27 | $380,031 | $369,070 | $221,442 | 45% | $99,649 | $75,443 | $76,571 |
68.23 | 11-Mar-27 | $391,432 | $380,142 | $228,085 | 50% | $114,043 | $76,952 | $78,103 |
69.23 | 11-Mar-28 | $403,175 | $391,546 | $234,928 | 55% | $129,210 | $78,491 | $79,665 |
70.23 | 11-Mar-29 | $415,270 | $403,292 | $241,975 | 60% | $145,185 | $80,061 | $81,258 |
71.23 | 11-Mar-30 | $427,728 | $415,391 | $249,235 | 65% | $162,003 | $81,662 | $82,883 |
72.23 | 11-Mar-31 | $440,560 | $427,853 | $256,712 | 70% | $179,698 | $83,295 | $84,541 |
73.23 | 11-Mar-32 | $453,777 | $440,688 | $264,413 | 75% | $198,310 | $84,961 | $86,232 |
74.23 | 11-Mar-33 | $467,390 | $453,909 | $272,345 | 80% | $217,876 | $86,661 | $87,956 |
75.23 | 11-Mar-34 | $481,412 | $467,526 | $280,516 | 85% | $238,438 | $88,394 | $89,716 |
76.23 | 11-Mar-35 | $495,854 | $481,552 | $288,931 | 90% | $260,038 | $90,162 | $91,510 |
77.23 | 11-Mar-36 | $510,730 | $495,999 | $297,599 | 95% | $282,719 | $91,965 | $93,340 |
78.23 | 11-Mar-37 | $526,052 | $510,879 | $306,527 | 100% | $306,527 | $93,804 | $95,207 |
79.23 | 11-Mar-38 | $541,833 | $526,205 | $315,723 | 105% | $331,509 | $95,680 | $97,111 |
80.23 | $97,594 | $99,053 | ||||||
81.23 | $99,546 | $101,034 | ||||||
82.23 | $101,537 | $103,055 | ||||||
83.23 | $103,567 | $105,116 | ||||||
84.23 | $105,639 | $107,218 | ||||||
85.23 | $107,752 | $109,363 | ||||||
86.23 | $109,907 | $111,550 | ||||||
87.23 | $112,105 | $113,781 | ||||||
88.23 | $114,347 | $116,057 | ||||||
Net Present Value of Future Payment Streams: 4.09% | $1,352,946 | $1,357,184 | ||||||
_________ | A single life annuity with a ____________ year (not less than 10 years) period certain. |
_________ | A joint and survivor annuity with an actuarial equivalent of the benefit owing pursuant to the Agreement, with payment continued to the surviving spouse (registered domestic partner) in the same amount as the amount paid to me. |
_________ | A joint and survivor annuity in equal value to the actuarial equivalent of the benefit owing pursuant to the Agreement, with payment continued to my surviving spouse (registered domestic partner) in one-half of the amount paid to me. |
_________ | I hereby elect to have any Executive Benefit due upon my Separation From Service within two (2) years following a Change in Control, paid in one (1) lump sum on the first day of the first month following Separation From Service. |
1.1 | Accelerated Benefit. The term “Accelerated Benefit” shall mean amounts requested and received pursuant to any Policy(ies) rider permitting the policyowner or Insured access to portions of the eligible death benefit in the event the Insured is diagnosed with a chronic or terminal illness [as required by the individual Policy(ies)]. |
1.2 | Base Salary. The term “Base Salary” shall be defined as in the Columbia State Bank Supplemental Executive Retirement Plan Agreement by and between the parties and with an effective date of February 1, 2019. |
1.3 | Beneficiary. The term “Beneficiary” shall mean one or more persons, trusts, estates or other entities, designated in accordance with Paragraph 3 below that are entitled to receive benefits under this Plan upon the death of Insured. |
1.4 | Beneficiary Designation Form. “Beneficiary Designation Form” shall mean the form established from time to time by the Bank and the Administrator, which an Insured completes, signs and returns to designate one or more Beneficiaries. |
1.6 | Claimant. “Claimant” shall have the meaning assigned to an individual who makes a claim pursuant to the provisions of Paragraph 12 below. |
1.7 | Code. The term the “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. |
1.8 | ERISA. The term "ERISA" shall mean the Employee Retirement Income Security Act of 1974, as amended. |
1.9 | Executive Benefit. The term “Executive Benefit” shall be defined as in the Columbia State Bank Supplemental Executive Retirement Plan Agreement by and between the parties and with an effective date of February 1, 2019. |
1.10 | Net Amount-at-Risk. The term “Net Amount-at-Risk” (hereinafter “NAR”) shall be defined as the total proceeds of the Policy(ies) less the cash value of the Policy(ies). |
1.11 | Normal Retirement Age. The term “Normal Retirement Age” shall be defined as in the Columbia State Bank Supplemental Executive Retirement Plan Agreement by and between the parties and with an effective date of February 1, 2019. |
1.12 | Plan. The term “Plan” refers to this arrangement, as evidenced by this Agreement, whereby Insured (or Insured’s Beneficiary) is entitled to receive a benefit. |
1.13 | Separation from Service. The term “Separation from Service” (or “Separates from Service”) shall be read and interpreted consistent with Code Section 409A and any future notices or guidance related thereto. In addition, for the purposes of this Agreement, Insured shall experience a Separation From Service only upon separating as an executive of the Bank and a director on the Board, as applicable. |
1.14 | SERP Agreement. The term “SERP Agreement” shall refer to the Columbia State Bank Supplemental Executive Retirement Plan Agreement by and between the parties and with an effective date of February 1, 2019. |
2. | POLICY(IES) TITLE AND OWNERSHIP. |
3. | BENEFICIARY DESIGNATION RIGHTS. |
4. | PREMIUM PAYMENT METHOD. |
5. | TAXABLE BENEFIT. |
A. | In the event Insured has not yet Separated From Service at the time of death, then, upon Insured’s death, Insured’s Beneficiary(ies) shall be entitled to receive an amount equal to the lesser of the following: |
(i) | One Hundred percent (100%) NAR; or |
(ii) | Ten (10) times the annual Executive Benefit to be paid under the SERP Agreement as of the later of Insured’s date of death or the attainment of the Normal Retirement Age. For the purposes of calculating amounts owed hereunder, if Insured dies before attaining the Normal Retirement Age, it shall be assumed that their Executive Benefit reflects an annual Base Salary increase of Three Percent (3%) on each anniversary of Insured’s death until such time as they would have attained the Normal Retirement Age. |
B. | Should the Insured Separate From Service for any reason other than death (the circumstances of which are governed by Paragraph 6A), then neither the Insured nor the Insured’s Beneficiary(ies) shall be entitled to receive any amount of the Policy(ies) proceeds pursuant to this Agreement. |
C. | The Bank may select which Policy(ies) shall be used to pay benefits due under this Agreement. |
D. | The Bank and the Insured (or assignees) shall share in any interest due on the death proceeds on a pro rata basis as the proceeds due each respectively bears to the total proceeds, excluding any such interest. |
E. | Any refund of unearned premium as provided in any Policy(ies) shall be paid to the Bank. |
7. | ACCELERATED BENEFIT IN THE EVENT OF TERMINAL OR CHRONIC ILLNESS (AS APPLICABLE) AND DIVISION OF CASH SURRENDER VALUE OF THE POLICY(IES). |
8. | RIGHTS OF PARTIES WHERE POLICY(IES) ENDOWMENT OR ANNUITY ELECTION EXISTS. |
9. | TERMINATION. |
10. | INSURED’S OR ASSIGNEE’S ASSIGNMENT RIGHTS. |
11. | AGREEMENT BINDING UPON THE PARTIES. |
12. | ADMINISTRATIVE AND CLAIMS PROVISIONS. |
B. | Dispute Over Benefits. |
(i) | Written Claim. The claimant may file a written request for such benefit to the Plan Administrator. |
(ii) | Claim Decision. Upon receipt of such claim, the Administrator shall respond to such claimant within ninety (90) days after receiving the claim. If the Administrator determines that special circumstances require additional time for processing the claim, the Administrator can extend the response period by an additional ninety (90) days for reasonable cause by notifying the claimant in writing, prior to the end of the initial ninety (90) day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Plan Administrator expects to render its decision. |
(iii). | Request for Review. Within sixty (60) days after receiving notice from the Administrator that a claim has been denied (in part or all of the claim), then claimant (or their duly authorized representative) may file with the Plan Administrator, a written request for a review of the denial of the claim. |
(iv). | Decision on Review. The Administrator shall respond in writing to such claimant within sixty (60) days after receiving the request for review. If the Administrator determines that special circumstances require an extension of time for processing the claim, written notice of the extension shall be furnished to the claimant prior to the termination of the initial sixty (60) day period. In no event shall such extension exceed a period of sixty (60) days from the end of the initial period. The notice of extension must set forth the special circumstances requiring an extension of time and the date by which the Plan Administrator expects to render its decision. |
(v) | Special Timing and Rules for Disability Claims. In the event a claim above is a claim for disability benefits, then the applicable time periods for notifying claimants regarding benefit determinations shall be reduced as required by 29 CFR 2560.503-1. Thus, the Administrator shall provide notice to the claimant, within a reasonable period of time, but not later than forty-five (45) days after receipt of the claim. This period may be extended by up to thirty (30) days, provided that the Administrator both determines that such an extension is necessary due to matters beyond the control of the plan and notifies the claimant, prior to the expiration of the initial forty-five (45) day period, of the circumstances requiring the extension of time and the date by |
14. | INSURANCE COMPANY NOT A PARTY TO THIS AGREEMENT. |
17. | EFFECT OF THE LIFE INSURANCE POLICY’S CONTESTABILITY CLAUSES. |
1. | I have reviewed this quarterly report on Form 10-Q of Columbia Banking System, Inc.; |
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 purposes 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 (the registrant’s fourth fiscal quarter in the case of an annual report) 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 the registrant’s board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control 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. |
/s/ HADLEY S. ROBBINS | |
Hadley S. Robbins President and Chief Executive Officer | |
1. | I have reviewed this quarterly report on Form 10-Q of Columbia Banking System, Inc.; |
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 purposes 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 (the registrant’s fourth fiscal quarter in the case of an annual report) 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 the registrant’s board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control 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. |
/s/ GREGORY A. SIGRIST | |
Gregory A. Sigrist Executive Vice President and Chief Financial Officer | |
(1) | The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. |
/s/ HADLEY S. ROBBINS | |
Hadley S. Robbins President and Chief Executive Officer Columbia Banking System, Inc. | |
/s/ GREGORY A. SIGRIST | |
Gregory A. Sigrist Executive Vice President and Chief Financial Officer Columbia Banking System, Inc. | |
Document and Entity Information - shares |
3 Months Ended | |
|---|---|---|
Mar. 31, 2019 |
Apr. 30, 2019 |
|
| Document Information [Line Items] | ||
| Document Type | 10-Q | |
| Document Period End Date | Mar. 31, 2019 | |
| Entity Registrant Name | COLUMBIA BANKING SYSTEM INC | |
| Trading Symbol | COLB | |
| Amendment Flag | false | |
| Entity Emerging Growth Company | false | |
| Entity Small Business | false | |
| Document Fiscal Year Focus | 2019 | |
| Document Fiscal Period Focus | Q1 | |
| Entity Central Index Key | 0000887343 | |
| Current Fiscal Year End Date | --12-31 | |
| Entity Filer Category | Large Accelerated Filer | |
| Entity Common Stock, Shares Outstanding | 73,555,751 |
Consolidated Balance Sheets (Parenthetical) - $ / shares |
Mar. 31, 2019 |
Dec. 31, 2018 |
|---|---|---|
| Common Stock, No Par Value | $ 0 | $ 0 |
| Preferred Stock, No Par Value | $ 0 | $ 0 |
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands |
3 Months Ended | |||
|---|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|||
| Net income | $ 45,871 | $ 39,970 | ||
| Unrealized gain (loss) from securities | ||||
| Net unrealized holding gain (loss) from available for sale debt securities arising during the period, net of tax | 32,063 | (26,048) | ||
| Reclassification adjustment of net (gain) loss from sale of available for sale debt securities included in income, net of tax | 1,417 | (78) | ||
| Net unrealized gain (loss) from securities, net of reclassification adjustment | 33,480 | (26,126) | ||
| Pension plan liability adjustment: | ||||
| Amortization of unrecognized net actuarial loss included in net periodic pension cost, net of tax | 61 | 61 | ||
| Pension plan liability adjustment, net | 61 | 61 | ||
| Unrealized gain (loss) from cash flow hedging instruments | ||||
| Net unrealized gain (loss) in cash flow hedging instruments arising during the period, net of tax | 4,810 | 0 | ||
| Net unrealized gain (loss) from cash flow hedging instruments, net of reclassification adjustment | 4,810 | 0 | ||
| Other Comprehensive Income (Loss) | [1] | 38,351 | (26,065) | |
| Total comprehensive income | $ 84,222 | $ 13,905 | ||
| ||||
Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|
| Net unrealized holding gain (loss) from available for sale securities arising during the period, tax | $ (9,713) | $ 7,891 |
| Reclassification adjustment of net gain from sale of available for sale securities included in income, tax | (430) | 24 |
| Less: amortization of unrecognized net actuarial loss included in net periodic pension cost, tax | (19) | (19) |
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax | $ (1,458) | $ 0 |
Consolidated Statements of Changes in Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands |
Total |
Common Stock [Member] |
Retained Earnings [Member] |
Accumulated Other Comprehensive Income [Member] |
|---|---|---|---|---|
| Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2016-01 [Member] | $ (46) | $ (203) | $ 157 | |
| Balance, shares at Dec. 31, 2017 | 73,020 | |||
| Balance, value at Dec. 31, 2017 | 1,949,922 | $ 1,634,705 | 337,442 | (22,225) |
| Net income | 39,970 | 39,970 | ||
| Other comprehensive income | (26,065) | (26,065) | ||
| Issuance of common stock - stock option and other plans, shares | 17 | |||
| Issuance of common stock - stock option and other plans, value | $ 719 | $ 719 | ||
| Stock Adjustment Deferred Compensation - Shares | 0 | |||
| Stock Adjustment Value Deferred Compensation | $ 3 | |||
| Issuance of common stock - restricted stock awards, net of cancelled awards, shares | 263 | |||
| Issuance of common stock - restricted stock awards, net of cancelled awards, value | 2,064 | $ 2,064 | ||
| Stock Repurchased During Period, Shares | (60) | |||
| Stock Repurchased and Retired During Period, Value | (2,575) | $ (2,575) | ||
| Cash dividends paid on common stock | (16,069) | (16,069) | ||
| Balance, shares at Mar. 31, 2018 | 73,240 | |||
| Balance, value at Mar. 31, 2018 | 1,947,923 | $ 1,634,916 | 361,140 | (48,133) |
| Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2016-02 [Member] | 782 | |||
| Balance, shares at Dec. 31, 2018 | 73,249 | |||
| Balance, value at Dec. 31, 2018 | 2,033,649 | $ 1,642,246 | 426,708 | (35,305) |
| Net income | 45,871 | 45,871 | ||
| Other comprehensive income | 38,351 | 38,351 | ||
| Issuance of common stock - stock option and other plans, shares | 25 | |||
| Issuance of common stock - stock option and other plans, value | 878 | $ 878 | ||
| Issuance of common stock - restricted stock awards, net of cancelled awards, shares | 355 | |||
| Issuance of common stock - restricted stock awards, net of cancelled awards, value | 2,285 | $ 2,285 | ||
| Stock Repurchased During Period, Shares | (64) | |||
| Stock Repurchased and Retired During Period, Value | (2,432) | $ (2,432) | ||
| Cash dividends paid on common stock | (30,764) | (30,764) | ||
| Balance, shares at Mar. 31, 2019 | 73,565 | |||
| Balance, value at Mar. 31, 2019 | $ 2,088,620 | $ 1,642,977 | $ 442,597 | $ 3,046 |
Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares |
3 Months Ended | |
|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|
| Common Stock, Dividends, Per Share, Cash Paid | $ 0.42 | $ 0.22 |
Consolidated Statements of Cash Flows - USD ($) $ in Thousands |
3 Months Ended | ||||
|---|---|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
||||
| Cash Flows From Operating Activities | |||||
| Net income | $ 45,871 | $ 39,970 | |||
| Adjustments to reconcile net income to net cash provided by operating activities | |||||
| Provision for loan and lease losses | 1,362 | 5,852 | |||
| Stock-based compensation expense | 2,285 | 2,064 | |||
| Depreciation, amortization and accretion | 8,182 | 7,618 | |||
| Investment securities gains, net | 1,847 | 22 | |||
| Net realized (gain) loss on sale of premises and equipment and loans held for investment | (1) | 630 | |||
| Net realized loss on sale and valuation adjustments of OREO | (209) | (135) | |||
| Originations of loans held for sale | 21,542 | 27,553 | |||
| Proceeds from sales of loans held for sale | 21,374 | 29,007 | |||
| Net change in: | |||||
| Interest receivable | (1,512) | (914) | |||
| Interest payable | 1,154 | 452 | |||
| Other assets | (5,244) | 2,530 | |||
| Other liabilities | 2,179 | (15,014) | |||
| Net cash provided by operating activities | 52,472 | 43,495 | |||
| Cash Flows From Investing Activities | |||||
| Loans originated, net of principal collected | (80,407) | 17,688 | |||
| Purchases of debt securities available for sale | (3,710) | (27,497) | |||
| Payments to Acquire Loans Held-for-investment | (49,039) | 0 | |||
| Purchases of premises and equipment | (1,788) | (2,099) | |||
| Payments to Acquire Federal Home Loan Bank Stock | (57,280) | (45,080) | |||
| Proceeds from sales of debt securities available for sale | 83,968 | 19,761 | |||
| Proceeds from principal repayments and maturities of debt securities available for sale | 100,876 | 82,643 | |||
| Proceeds from Sales of Assets, Investing Activities | 11 | 3,721 | |||
| Proceeds from redemption of Federal Home Loan Bank Stock | 57,640 | 43,880 | |||
| Proceeds from sales of other real estate and other personal property owned | 150 | 2,062 | |||
| Net cash provided by investing activities | 50,421 | 95,079 | |||
| Cash Flows From Financing Activities | |||||
| Net decrease in deposits | (89,027) | (136,466) | |||
| Net decrease in sweep repurchase agreements (1) | (38,076) | (29,812) | [1] | ||
| Proceeds from Federal Home Loan Bank advances | 1,432,000 | 1,127,000 | |||
| Proceeds from exercise of stock options | 878 | 719 | |||
| Repayment of Federal Home Loan Bank advances | (1,441,000) | (1,097,000) | |||
| Payment of common stock dividends | (30,750) | (16,069) | |||
| Repayments of junior subordinated debt | 0 | 8,248 | |||
| Repayment of term repurchase agreement | 0 | (25,000) | [1] | ||
| Purchase and retirement of common stock | 2,432 | 2,575 | |||
| Net cash used in financing activities | (168,407) | (187,451) | |||
| Decrease in cash and cash equivalents | (65,514) | (48,877) | |||
| Cash and cash equivalents at beginning of period | 277,587 | 342,533 | |||
| Cash and cash equivalents at end of period | 212,073 | 293,656 | |||
| Supplemental Information: | |||||
| Cash paid for interest | 6,712 | 3,211 | |||
| Cash paid for income tax | (146) | 24 | |||
| Non-cash investing and financing activities | |||||
| Loans transferred to other real estate owned | 386 | 406 | |||
| Premises and equipment expenditures incurred but not yet paid | 35 | 0 | |||
| Change in dividends payable on unvested shares | $ 14 | $ 0 | |||
| |||||
Basis of Presentation and Significant Accounting Policies |
3 Months Ended |
|---|---|
Mar. 31, 2019 | |
| Basis of Presentation And Significant Accounting Policies | |
| Basis of Presentation and Significant Accounting Policies | Basis of Presentation, Significant Accounting Policies and Reclassifications Basis of Presentation The interim unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with instructions to Form 10-Q and Article 10 of Regulation S-X. The Consolidated Financial Statements include the accounts of Columbia Banking System, Inc. (“we”, “our”, “Columbia” or the “Company”) and its subsidiaries, including its wholly owned banking subsidiary Columbia State Bank (“Columbia Bank” or the “Bank”) and Columbia Trust Company (“Columbia Trust”). All intercompany transactions and accounts have been eliminated in consolidation. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair statement of the results for the interim periods presented have been included. The results of operations for the three months ended March 31, 2019 are not necessarily indicative of results to be anticipated for the year ending December 31, 2019. The accompanying interim unaudited Consolidated Financial Statements should be read in conjunction with the financial statements and related notes contained in the Company’s 2018 Annual Report on Form 10-K. Significant Accounting Policies The significant accounting policies used in preparation of our Consolidated Financial Statements are disclosed in our 2018 Annual Report on Form 10-K. There have not been any changes in our significant accounting policies compared to those contained in our 2018 Form 10-K disclosure for the year ended December 31, 2018. Reclassifications Certain amounts reported in prior periods have been reclassified in the Consolidated Financial Statements to conform to the current presentation. The reclassifications have no effect on net income or stockholders’ equity as previously reported.
|
Accounting Pronouncements Recently Issued |
3 Months Ended |
|---|---|
Mar. 31, 2019 | |
| New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |
| New Accounting Pronouncements and Changes in Accounting Principles adopted | Accounting Standards Adopted in 2019In February 2016, the FASB issued ASU 2016-02, Leases. The amendments included in this ASU create a new accounting model for both lessees and lessors. The new guidance requires lessees to recognize lease liabilities, initially measured as the present value of future lease payments, and corresponding right-of-use assets for all leases with lease terms greater than 12 months. The new lease model differs from the old lease accounting model, as the old model does not require such lease liabilities and corresponding right-of-use assets to be recorded for operating leases. The amendments in ASU 2016-02 must be adopted using the modified retrospective approach and will be effective for the first interim or annual period beginning after December 15, 2018. The FASB subsequently issued ASU 2018-11, which allows for an additional (optional) transition method. The Company adopted the new standard effective January 1, 2019 utilizing the transition method allowed under ASU 2018-11 and did not restate comparative periods. The Company elected the package of practical expedients permitted under the transition guidance, which allowed us to carryforward our historical lease classifications and our assessment on whether a contract is or contains a lease. We also elected to keep leases with an initial term of 12 months or less off the balance sheet. The adoption of the new standard resulted in an increase in other assets and an increase in other liabilities of $49.2 million and $48.2 million, respectively. The Company recognized a cumulative effect adjustment of $782 thousand to increase the beginning balance of retained earnings related to previous deferred gains on sale-leaseback transactions. |
| Accounting Pronouncements Recently Issued not yet adopted | Recently Issued Accounting Standards, Not Yet Adopted In August 2018, the FASB issued ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract. The amendments in this ASU align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The amendments also require the entity to expense the capitalized implementation costs of a hosting arrangement that is a service contract over the term of the hosting arrangement, including reasonably certain renewal periods. The amendments in ASU 2018-15 are effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. Early adoption is permitted, including adoption in any interim period. The Company is assessing the impact that this guidance will have on its Consolidated Financial Statements. In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments. The amendments included in this ASU require an entity to reflect its current estimate of all expected credit losses for assets held at an amortized cost basis. For available for sale debt securities, credit losses will be measured in a manner similar to current GAAP, however, this ASU will require that credit losses be presented as an allowance rather than as a write-down. The amendments in ASU 2016-13 are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, and are required to be adopted through a modified retrospective approach, with a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the ASU is effective. Currently, the Company cannot reasonably estimate the impact that adoption of ASU 2016-13 will have on its Consolidated Financial Statements; however, the impact may be significant. That assessment is based upon the fact that, unlike the incurred loss models in existing GAAP, the CECL model in ASU 2016-13 does not specify a threshold for the recognition of an impairment allowance. Rather, the Company will recognize an impairment allowance equal to its estimate of lifetime expected credit losses, adjusted for prepayments, for in-scope financial instruments as of the end of the reporting period. Accordingly, the impairment allowance measured under the CECL model could increase significantly from the impairment allowance measured under the Company’s existing incurred loss model. The Company has engaged a third-party vendor to assist in the CECL calculation and has developed an internal governance framework to oversee the CECL implementation. Other significant CECL implementation matters being addressed by the Company include selecting loss estimation methodologies, identifying, sourcing and storing data, addressing data gaps, defining a reasonable and supportable forecast period, selecting historical loss information, assessing the impact to internal controls over financial reporting, and capital planning.
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| Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Securities The following table summarizes the amortized cost, gross unrealized gains and losses and the resulting fair value of debt securities available for sale:
The following table provides the proceeds and both gross realized gains and losses on sales of debt securities available for sale as well as other securities gains and losses for the periods indicated:
__________ (1) Other securities losses, net includes net unrealized loss activity associated with equity securities for the period ended March 31, 2018. There were no sales of equity securities during the periods presented. The scheduled contractual maturities of debt securities available for sale at March 31, 2019 are presented as follows:
The following table summarizes the carrying value of securities pledged as collateral to secure public deposits, borrowings and other purposes as permitted or required by law:
The following table shows the gross unrealized losses and fair value of the Company’s debt securities available for sale with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2019 and December 31, 2018:
At March 31, 2019, there were 407 U.S. government agency and government-sponsored enterprise mortgage-backed securities and collateralized mortgage obligations securities in an unrealized loss position, of which 401 were in a continuous loss position for 12 months or more. The decline in fair value is attributable to changes in interest rates relative to where these investments fall within the yield curve and their individual characteristics. Because the Company does not intend to sell these securities nor does the Company consider it more likely than not that it will be required to sell these securities before the recovery of amortized cost basis, which may be upon maturity, the Company does not consider these investments to be other-than-temporarily impaired at March 31, 2019. At March 31, 2019, there were 246 state and municipal government securities in an unrealized loss position, of which 243 were in a continuous loss position for 12 months or more. The unrealized losses on state and municipal securities were caused by interest rate changes or widening of market spreads subsequent to the purchase of the individual securities. Management monitors published credit ratings of these securities for adverse changes. As of March 31, 2019, none of the rated obligations of state and local government entities held by the Company had a below investment grade credit rating. Because the credit quality of these securities are investment grade and the Company does not intend to sell these securities nor does the Company consider it more likely than not that it will be required to sell these securities before the recovery of amortized cost basis, which may be upon maturity, the Company does not consider these investments to be other-than-temporarily impaired at March 31, 2019. At March 31, 2019, there were 36 U.S. government agency and government-sponsored enterprise securities in an unrealized loss position, all of which were in a continuous loss position for 12 months or more. The decline in fair value is attributable to changes in interest rates relative to where these investments fall within the yield curve and their individual characteristics. Because the Company does not currently intend to sell these securities nor does the Company consider it more likely than not that it will be required to sell these securities before the recovery of amortized cost basis, which may be upon maturity, the Company does not consider these investments to be other-than-temporarily impaired at March 31, 2019. At March 31, 2019, there was one U.S. government security in an unrealized loss position, which was also in a continuous loss position for more than 12 months. The decline in fair value is attributable to changes in interest rates relative to where this investment falls within the yield curve and its individual characteristics. Because the Company does not currently intend to sell this security nor does the Company consider it more likely than not that it will be required to sell this security before the recovery of amortized cost basis, which may be upon maturity, the Company does not consider this investment to be other-than-temporarily impaired at March 31, 2019.
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Loans |
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| Loans Receivable, Net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loans | Loans The Company’s loan portfolio includes originated and purchased loans. Originated loans and purchased loans for which there was no evidence of credit deterioration at their acquisition date and it was probable that we would be able to collect all contractually required payments are referred to collectively as loans, excluding PCI loans. Purchased loans for which there was, at acquisition date, evidence of credit deterioration since their origination and it was probable that we would be unable to collect all contractually required payments are referred to as PCI loans. The following is an analysis of the loan portfolio by segment (net of unearned income):
At March 31, 2019 and December 31, 2018, the Company had no material foreign activities. Substantially all of the Company’s loans and unfunded commitments are geographically concentrated in its service areas within the states of Washington, Oregon and Idaho. The Company has made loans to executive officers and directors of the Company and related interests. These loans are made on the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated persons and do not involve more than the normal risk of collectability. The aggregate dollar amount of these loans was $9.5 million and $9.6 million at March 31, 2019 and December 31, 2018, respectively. During the first three months of 2019, there were no advances and $99 thousand in repayments. At March 31, 2019 and December 31, 2018, $3.24 billion and $3.22 billion of commercial and residential real estate loans were pledged as collateral on FHLB borrowings and additional borrowing capacity. The Company has also pledged $86.1 million and $82.0 million of commercial loans to the FRB for additional borrowing capacity at March 31, 2019 and December 31, 2018, respectively. The following is an analysis of nonaccrual loans as of March 31, 2019 and December 31, 2018:
Loans, excluding PCI loans The following is an aging of the recorded investment of the loan portfolio as of March 31, 2019 and December 31, 2018:
The following is an analysis of impaired loans as of March 31, 2019 and December 31, 2018:
The following table provides additional information on impaired loans for the three month periods indicated:
The following is an analysis of loans classified as TDR during the three months ended March 31, 2019 and 2018:
The Company’s loans classified as TDR are loans that have been modified or the borrower has been granted special concessions due to financial difficulties that, if not for the challenges of the borrower, the Company would not otherwise consider. The TDR modifications or concessions are made to increase the likelihood that these borrowers with financial difficulties will be able to satisfy their debt obligations as amended. The concessions granted in the restructurings, summarized in the table above, largely consisted of maturity extensions, interest rate modifications or a combination of both. In limited circumstances, a reduction in the principal balance of the loan could also be made as a concession. Credit losses for loans classified as TDR are measured on the same basis as impaired loans. For impaired loans, an allowance is established when the collateral value less selling costs (or discounted cash flows or observable market price) of the impaired loan is lower than the recorded investment of that loan. The Company had commitments to lend $1.3 million of additional funds on loans classified as TDR as of March 31, 2019. The Company had $2.1 million of such commitments at December 31, 2018. During the three months ended March 31, 2019, the Company had one $26 thousand consumer loan that defaulted within 12 months of being modified as a TDR. The defaulted TDR loan is collateralized and was included with the loans individually measured for specific impairment. The Company did not experience any similar defaults during the three months ended March 31, 2018. PCI Loans PCI loans are accounted for under ASC 310-30 and initially measured at fair value based on expected future cash flows over the life of the loans. Loans that have common risk characteristics are aggregated into pools. The Company remeasures contractual and expected cash flows, at the pool-level, on a quarterly basis. Contractual cash flows are calculated based upon the loan pool terms after applying a prepayment factor. Calculation of the applied prepayment factor for contractual cash flows is the same as described below for expected cash flows. Inputs to the determination of expected cash flows include cumulative default and prepayment data as well as loss severity and recovery lag information. Cumulative default and prepayment data are calculated via a transition matrix, which utilizes probability values of a loan pool transitioning into a particular delinquency state (e.g. 0-30 days past due, 31 to 60 days, etc.) given its delinquency state at the remeasurement date. Loss severity factors are based upon either actual charge-off data within the loan pools or industry averages, and recovery lags are based upon the collateral within the loan pools. The excess of cash flows, expected to be collected over the initial fair value of PCI loans, is referred to as the accretable yield and is accreted into interest income over the estimated life of the acquired loans using the effective yield method. Other adjustments to the accretable yield include changes in the estimated remaining life of the acquired loans, changes in expected cash flows and changes of indices for acquired loans with variable interest rates. The following is an analysis of our PCI loans, net of related ALLL and remaining valuation discounts as of March 31, 2019 and December 31, 2018:
The following table shows the changes in accretable yield for PCI loans for the three months ended March 31, 2019 and 2018:
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Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit |
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| Allowance For Loan And Lease Losses And Unfunded Loan Commitments And Letters Of Credit Text Block | Allowance for Loan and Lease Losses and Allowance for Unfunded Commitments and Letters of Credit We record an ALLL to recognize management’s estimate of credit losses incurred in the loan portfolio at each balance sheet date. We have used the same methodology for the ALLL calculation during the three months ended March 31, 2019 and 2018. The following tables show a detailed analysis of the ALLL for the three months ended March 31, 2019 and 2018:
Changes in the allowance for unfunded commitments and letters of credit, a component of “Other liabilities” in the Consolidated Balance Sheets, are summarized as follows:
Risk Elements The extension of credit in the form of loans or other credit products to individuals and businesses is one of our principal business activities. Our policies and applicable laws and regulations require risk analysis as well as ongoing portfolio and credit management. We manage our credit risk through lending limit constraints, credit review, approval policies and extensive, ongoing internal monitoring. We also manage credit risk through diversification of the loan portfolio by type of loan, type of industry and type of borrower and by limiting the aggregation of debt to a single borrower. Risk ratings are reviewed and updated whenever appropriate, with more periodic reviews as the risk and dollar value of loss on the loan increases. In the event full collection of principal and interest is not reasonably assured, the loan is appropriately downgraded and, if warranted, placed on nonaccrual status even though the loan may be current as to principal and interest payments. Additionally, we assess whether an impairment of a loan warrants specific reserves or a write-down of the loan. Pass rated loans are generally considered to have sufficient sources of repayment in order to repay the loan in full in accordance with all terms and conditions. Special Mention rated loans have potential weaknesses that, if left uncorrected, may result in deterioration of the repayment prospects for the asset or in the Company’s credit position at some future date. Loans with a risk rating of Substandard or worse are reviewed to assess the ability of our borrowers to service all interest and principal obligations and, as a result, the risk rating may be adjusted accordingly. Loans risk rated as Substandard reflect loans where a loss is possible if loan weaknesses are not corrected. Doubtful rated loans have a high probability of loss; however, the amount of loss has not yet been determined. Loss rated loans are considered uncollectable and when identified, are charged off. The following is an analysis of the credit quality of our loan portfolio, excluding PCI loans, as of March 31, 2019 and December 31, 2018:
The following is an analysis of the credit quality of our PCI loan portfolio as of March 31, 2019 and December 31, 2018:
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Other Real Estate Owned |
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| Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Real Estate Owned | Other Real Estate Owned The following tables set forth activity in OREO for the three months ended March 31, 2019 and 2018:
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Goodwill and Intangible Assets |
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| Goodwill and Intangible Assets | Goodwill and Other Intangible Assets In accordance with the Intangibles – Goodwill and Other topic of the FASB ASC, goodwill is not amortized but is reviewed for potential impairment at the reporting unit level. Management analyzes its goodwill for impairment on an annual basis on July 31 and between annual tests in certain circumstances such as material adverse changes in legal, business, regulatory and economic factors. An impairment loss is recorded to the extent that the carrying amount of goodwill exceeds its implied fair value. The CDI is evaluated for impairment if events and circumstances indicate a possible impairment. The CDI is amortized on an accelerated basis over an estimated life of 10 years. The following table sets forth activity for goodwill and other intangible assets for the periods indicated:
The following table provides the estimated future amortization expense of our CDI for the remaining nine months ending December 31, 2019 and the succeeding four years:
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Subordinated debentures |
3 Months Ended |
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Mar. 31, 2019 | |
| Subordinated Borrowing [Line Items] | |
| Subordinated Borrowings Disclosure [Text Block] | Subordinated DebenturesOn November 1, 2017, with its acquisition of Pacific Continental, the Company assumed $35.0 million in aggregate principal amount of fixed-to-floating rate subordinated debentures. These debentures are callable at par on June 30, 2021, have a stated maturity of June 30, 2026 and bear interest at a fixed annual rate of 5.875% per year, from and including June 27, 2016, but excluding June 30, 2021. From and including June 30, 2021 through the maturity date or early redemption date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month LIBOR rate plus 4.715%. |
Junior subordinated debt |
3 Months Ended |
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Mar. 31, 2019 | |
| Junior subordinated debt [Abstract] | |
| Junior subordinated debentures [Text Block] | Junior Subordinated DebenturesOn November 1, 2017, with its acquisition of Pacific Continental, the Company assumed $14.4 million of trust preferred obligations. The Company redeemed $6.2 million of these obligations during 2017. The remaining $8.2 million of obligations were redeemed in January 2018. |
Derivatives and Balance Sheet Offsetting |
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| General Discussion of Derivative Instruments and Hedging Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivatives and Hedging Activities | Derivatives, Hedging Activities and Balance Sheet Offsetting The Company is exposed to certain risks arising from both its business and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk, primarily by managing the amount, sources, and duration of its assets and liabilities and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s loan portfolio. The Company’s objectives in using interest rate derivatives are to add stability to interest income and to manage its exposure to interest rate movements. To accomplish this objective, the Company uses interest rate collars as part of its interest rate risk management strategy. Interest rate collars designated as cash flow hedges involve the payments of variable-rate amounts if interest rates rise above the cap strike rate on the contract and receipts of variable-rate amounts if interest rates fall below the floor strike rate on the contract. These derivative contracts are used to hedge the variable cash flows associated with existing variable-rate assets. With respect to derivatives designated and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in Accumulated Other Comprehensive Income and subsequently reclassified into interest income in the same period(s) during which the hedged transaction affects earnings. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest income as interest payments are received on the Company’s variable-rate assets. During the next 12 months, the Company estimates that there will be no additional amounts reclassified as a decrease to interest income. In addition, the Company periodically enters into certain commercial loan interest rate swap agreements in order to provide commercial loan customers the ability to convert from variable to fixed interest rates. Under these agreements, the Company enters into a variable-rate loan agreement with a customer in addition to a swap agreement. This swap agreement effectively converts the customer’s variable rate loan into a fixed rate. The Company then enters into a corresponding swap agreement with a third-party in order to offset its exposure on the variable and fixed components of the customer agreement. As the interest rate swap agreements with the customers and third parties are not designated as hedges under the Derivatives and Hedging topic of the FASB ASC, the instruments are marked to market in earnings. The notional amount of open interest rate swap agreements at March 31, 2019 and December 31, 2018 was $369.8 million and $366.7 million, respectively. During the three months ended March 31, 2019, there was no mark-to-market gain or loss recorded to “Other” noninterest expense. During the three months ended March 31, 2018, a mark-to-market gain of $6 thousand was recorded to “Other” noninterest expense. The following table presents the fair value of derivatives, as well as their classification on the Balance Sheet at March 31, 2019 and December 31, 2018:
The table below presents the effect of cash flow hedge accounting on Accumulated Other Comprehensive Income at March 31, 2019 and December 31, 2018:
The notional amount of the interest rate collar was $500.0 million at March 31, 2019. We recorded no income statement impact for the interest rate collar for the three months ended March 31, 2019 and 2018. The Company is party to interest rate swap contracts, interest rate collar and repurchase agreements that are subject to enforceable master netting arrangements or similar agreements. Under these agreements, the Company may have the right to net settle multiple contracts with the same counterparty. The following tables show the gross interest rate swap contracts, collar agreements and repurchase agreements in the Consolidated Balance Sheets and the respective collateral received or pledged in the form of cash or other financial instruments. The collateral amounts in these tables are limited to the outstanding balances of the related asset or liability. Therefore, instances of overcollateralization are not shown.
The Company’s agreements with each of its derivative counterparties provide that if the Company defaults or is capable of being declared in default on any of its indebtedness, then the Company could also be declared in default on its derivative obligations. The following table presents the class of collateral pledged for repurchase agreements as well as the remaining contractual maturity of the repurchase agreements:
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Commitments and Contingent Liabilities |
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| Commitments and Contingencies Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Text Block] | Commitments and Contingent Liabilities Lease Commitments: The Company’s lease commitments consist primarily of leased locations under various non-cancellable operating leases that expire between 2019 and 2043. The majority of the leases contain renewal options and provisions for increases in rental rates based on an agreed upon index or predetermined escalation schedule. The following table shows the details of the Company’s operating lease right of use asset and the associated lease liability for the period indicated:
At March 31, 2019 the Company’s operating leases have a weighted-average remaining lease term of 7.7 years and a weighted average discount rate of 3.2%. Cash paid for amounts included in the measurement of operating lease liabilities was $2.8 million for the three months ended March 31, 2019. Right-of-use assets obtained in exchange for new operating lease liabilities during the three months ended March 31, 2019 were $1.4 million. The following table shows the components of net lease costs:
The following table shows future minimum payments for operating leases for the remaining nine months of 2019 and subsequent years:
Future minimum lease payments for the Company’s operating leases as of December 31, 2018, prior to the adoption of new lease guidance were as follows:
Financial Instruments with Off-Balance Sheet Risk: In the normal course of business, the Company makes loan commitments (typically unfunded loans and unused lines of credit) and issues standby letters of credit to accommodate the financial needs of its customers. At March 31, 2019 and December 31, 2018, the Company’s loan commitments amounted to $2.66 billion and $2.62 billion, respectively. Standby letters of credit commit the Company to make payments on behalf of customers under specified conditions. Historically, no significant losses have been incurred by the Company under standby letters of credit. Both arrangements have credit risk essentially the same as that involved in extending loans to customers and are subject to the Company’s normal credit policies, including collateral requirements, where appropriate. Standby letters of credit were $27.6 million and $28.3 million at March 31, 2019 and December 31, 2018, respectively. In addition, there were no commitments under commercial letters of credit used to facilitate customers’ trade transactions and other off-balance sheet liabilities at March 31, 2019 and December 31, 2018, respectively. Legal Proceedings: The Company and its subsidiaries are from time to time defendants in and are threatened with various legal proceedings arising from their regular business activities. Management, after consulting with legal counsel, is of the opinion that the ultimate liability, if any, resulting from these pending or threatened actions and proceedings will not have a material effect on the financial statements of the Company.
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Shareholders' Equity |
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| Stockholders' Equity Note [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Shareholders' Equity | Shareholders’ Equity Dividends: The following table summarizes year-to-date dividend activity as of March 31, 2019:
Subsequent to quarter end, on April 25, 2019, the Company declared a regular quarterly cash dividend of $0.28 per common share and a special cash dividend of $0.14 per common share payable on May 22, 2019 to shareholders of record at the close of business on May 8, 2019. The payment of cash dividends is subject to federal regulatory requirements for capital levels and other restrictions. In addition, the cash dividends paid by Columbia Bank to the Company are subject to both federal and state regulatory requirements.
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Accumulated Other Comprehensive Income |
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| Accumulated Other Comprehensive Income (Loss) [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accumulated Other Comprehensive Income | Accumulated Other Comprehensive Income The following table shows changes in accumulated other comprehensive income (loss) by component for the three month periods ended March 31, 2019 and 2018:
__________ (1) All amounts are net of tax. Amounts in parenthesis indicate debits. (2) See following table for details about these reclassifications. The following table shows details regarding the reclassifications from accumulated other comprehensive income (loss) for the three month periods ended March 31, 2019 and 2018:
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Fair Value Accounting and Measurement |
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| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Accounting and Measurement | Fair Value Accounting and Measurement The Fair Value Measurements and Disclosures topic of the FASB ASC defines fair value, establishes a consistent framework for measuring fair value and expands disclosure requirements about fair value. We hold fixed and variable rate interest-bearing securities, investments in marketable equity securities and certain other financial instruments, which are carried at fair value. Fair value is determined based upon quoted prices when available or through the use of alternative approaches, such as matrix or model pricing, when market quotes are not readily accessible or available. The valuation techniques are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our own market assumptions. These two types of inputs create the following fair value hierarchy: Level 1 – Quoted prices for identical instruments in active markets that are accessible at the measurement date. Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 – Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable. Fair values are determined as follows: Securities at fair value are priced using a combination of market activity, industry recognized information sources, yield curves, discounted cash flow models and other factors. These fair value calculations are considered a Level 2 input method under the provisions of the Fair Value Measurements and Disclosures topic of the FASB ASC for all securities other than U.S. Treasury Notes and equity securities, which are considered a Level 1 input method. Interest rate contracts and the interest rate collar are valued in models, which use as their basis, readily observable market parameters and are classified within Level 2 of the valuation hierarchy. The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at March 31, 2019 and December 31, 2018 by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:
There were no transfers between Level 1 and Level 2 of the valuation hierarchy during the three month periods ended March 31, 2019 and 2018. The Company recognizes transfers between levels of the valuation hierarchy based on the valuation level at the end of the reporting period. Nonrecurring Measurements Certain assets and liabilities are measured at fair value on a nonrecurring basis after initial recognition such as loans measured for impairment and OREO. The following methods were used to estimate the fair value of each such class of financial instrument: Impaired loans—A loan is considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due (both interest and principal) according to the contractual terms of the loan agreement. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, a loan’s observable market price, or the fair market value of the collateral less estimated costs to sell if the loan is a collateral-dependent loan. The impairment evaluations are performed in conjunction with the allowance process on a quarterly basis by officers in the Special Credits group, which reports to the Chief Credit Officer. The REASD, which also reports to the Chief Credit Officer, is responsible for obtaining appraisals from third-parties or performing internal evaluations. If an appraisal is obtained from a third-party, the REASD reviews the appraisal to evaluate the adequacy of the appraisal report, including its scope, methods, accuracy and reasonableness. OREO—OREO is real property that the Bank has taken ownership of in partial or full satisfaction of a loan or loans. OREO is generally measured based on the property’s fair market value as indicated by an appraisal or a letter of intent to purchase. OREO is initially recorded at the fair value less estimated costs to sell. This amount becomes the property’s new basis. Any fair value adjustments based on the property’s fair value less estimated costs to sell at the date of acquisition are charged to the allowance, or in the event of a write-up without previous losses charged to the allowance, a credit to earnings is recorded. Management periodically reviews OREO in an effort to ensure the property is recorded at its fair value, net of estimated costs to sell. Any fair value adjustments subsequent to acquisition are charged or credited to earnings. The initial and subsequent evaluations are performed by officers in the Special Credits group, which reports to the Chief Credit Officer. The REASD obtains appraisals from third-parties for OREO and performs internal evaluations. If an appraisal is obtained from a third-party, the REASD reviews the appraisal to evaluate the adequacy of the appraisal report, including its scope, methods, accuracy and reasonableness. The following tables set forth information related to the Company’s assets that were measured using fair value estimates on a nonrecurring basis during the current and prior year quarterly periods:
The losses on impaired loans disclosed above represent the amount of the specific reserve and/or charge-offs during the period applicable to loans held at period end. The amount of the specific reserve is included in the ALLL. The losses on OREO disclosed above represent the write-downs taken at foreclosure that were charged to the ALLL, as well as subsequent changes in any valuation allowances from updated appraisals that were recorded to earnings. Quantitative information about Level 3 fair value measurements The range and weighted average of the significant unobservable inputs used to fair value our Level 3 nonrecurring assets, along with the valuation techniques used, are shown in the following table:
__________ (1) Discount applied to appraisal value or stated value (in the case of accounts receivable, fixed assets, and inventory). (2) Quantitative disclosures are not provided for OREO because there were no adjustments made to the appraisal values during the current period. (3) Collateral consists of accounts receivable, fixed assets, inventory, real estate and state guarantee.
__________ (1) Discount rate applied to discounted cash flow valuation or appraisal value and stated value (in the case of accounts receivable, fixed assets, and inventory). (2) Quantitative disclosures are not provided for OREO because there were no adjustments made to the appraisal values during the current period. (3) Collateral consists of accounts receivable, fixed assets, inventory and real estate. (4) As there was only one impaired loan remeasured using discounted cash flows, a range of discounts could not be provided. The following tables summarize carrying amounts and estimated fair values of selected financial instruments by level within the fair value hierarchy at March 31, 2019 and December 31, 2018:
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Earnings per Common Share |
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| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Common Share | Earnings Per Common Share The Company applies the two-class method of computing basic and diluted EPS. Under the two-class method, EPS is determined for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. The Company issues restricted shares under share-based compensation plans and preferred shares which qualify as participating securities. The following table sets forth the computation of basic and diluted EPS for the three months ended March 31, 2019 and 2018:
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Revenue from Contracts with Customers |
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| Revenue from Contract with Customer [Text Block] | Revenue from Contracts with Customers Revenue in the scope of Topic 606, Revenue from Contracts with Customers is measured based on the consideration specified in the contract with a customer and excludes amounts collected on behalf of third parties. The vast majority of the Company’s revenue is specifically outside the scope of Topic 606. For in-scope revenue, the following is a description of principal activities, separated by the timing of revenue recognition from which the Company generates its revenue from contracts with customers.
The Company recognizes revenue from contracts with customers when it satisfies its performance obligations. The Company’s performance obligations are typically satisfied as services are rendered and our contracts generally do not include multiple performance obligations. As a result, there are no contract balances as payments and services are rendered simultaneously. Payment is generally collected at the time services are rendered, monthly or quarterly. Unsatisfied performance obligations at the report date are not material to our consolidated financial statements. In certain cases, other parties are involved with providing products and services to our customers. If the Company is principal in the transaction (providing goods or services itself), revenues are reported based on the gross consideration received from the customer and any related expenses are reported gross in noninterest expense. If the Company is an agent in the transaction (arranging for another party to provide goods or services), the Company reports its net fee or commission retained as revenue. Rebates, waivers and reversals are recorded as a reduction of the transaction price either when the revenue is recognized by the Company or at the time the rebate, waiver or reversal is earned by the customer. Practical expedients The Company applies the practical expedient in paragraph 606-10-32-18 and does not adjust the consideration from customers for the effects of a significant financing component if at contract inception the period between when the entity transfers the goods or services and when the customer pays for that good or service will be one year or less. The Company pays sales commissions to its employees in accordance with certain incentive plans and in connection with obtaining certain contracts with customers. The Company applies the practical expedient in paragraph 340-40-25-4 and expenses such sales commissions when incurred if the amortization period of the asset the Company otherwise would have recognized is one year or less. Sales commissions are included in compensation and employee benefits expense. For the Company’s contracts that have an original expected duration of one year or less, the Company uses the practical expedient in paragraph 606-10-50-14 and has not disclosed the amount of the transaction price allocated to unsatisfied performance obligations as of the end of each reporting period or when the Company expects to recognize this revenue. Disaggregation of revenue The following table shows the disaggregation of revenue from contracts with customers for the three month periods ended March 31, 2019 and 2018:
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Securities (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Securities, Available-for-sale [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Securities Available for Sale | The following table summarizes the amortized cost, gross unrealized gains and losses and the resulting fair value of debt securities available for sale:
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| Schedule of gross realized gains and losses on sales and calls of securities available for sale | The following table provides the proceeds and both gross realized gains and losses on sales of debt securities available for sale as well as other securities gains and losses for the periods indicated:
__________ (1) Other securities losses, net includes net unrealized loss activity associated with equity securities for the period ended March 31, 2018. There were no sales of equity securities during the periods presented.
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| Schedule of Contractual Maturities of Investment Securities Available for Sale | The scheduled contractual maturities of debt securities available for sale at March 31, 2019 are presented as follows:
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| Carrying Value of Securities Pledged As Collateral | The following table summarizes the carrying value of securities pledged as collateral to secure public deposits, borrowings and other purposes as permitted or required by law:
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| Summary of Gross Unrealized Losses and Fair Value of the Investments with Unrealized Losses | The following table shows the gross unrealized losses and fair value of the Company’s debt securities available for sale with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2019 and December 31, 2018:
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Loans (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financing Receivable, Recorded Investment [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Analysis of Loan Portfolio by Major Types of Loans | The following is an analysis of the loan portfolio by segment (net of unearned income):
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| Loans, Excluding Purchased Credit Impaired Loans [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financing Receivable, Recorded Investment [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Analysis of Nonaccrual Loans | The following is an analysis of nonaccrual loans as of March 31, 2019 and December 31, 2018:
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| Analysis of the Aged Loan Portfolio | The following is an aging of the recorded investment of the loan portfolio as of March 31, 2019 and December 31, 2018:
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| Impaired Financing Receivables | The following is an analysis of impaired loans as of March 31, 2019 and December 31, 2018:
The following table provides additional information on impaired loans for the three month periods indicated:
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| Analysis of loans classified as Troubled Debt Restructurings (“TDR”) | The following is an analysis of loans classified as TDR during the three months ended March 31, 2019 and 2018:
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| Purchased Credit Impaired Loans [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financing Receivable, Recorded Investment [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Analysis of Loan Portfolio by Major Types of Loans | The following is an analysis of our PCI loans, net of related ALLL and remaining valuation discounts as of March 31, 2019 and December 31, 2018:
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| Changes in Accretable Yield for Acquired Loans | The following table shows the changes in accretable yield for PCI loans for the three months ended March 31, 2019 and 2018:
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Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financing Receivable, Allowance for Credit Losses [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Allowance for Credit Losses on Financing Receivables | The following tables show a detailed analysis of the ALLL for the three months ended March 31, 2019 and 2018:
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| Changes in the Allowance for Unfunded Commitments and Letters of Credit | Changes in the allowance for unfunded commitments and letters of credit, a component of “Other liabilities” in the Consolidated Balance Sheets, are summarized as follows:
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| Financing Receivable Credit Quality Indicators | The following is an analysis of the credit quality of our loan portfolio, excluding PCI loans, as of March 31, 2019 and December 31, 2018:
The following is an analysis of the credit quality of our PCI loan portfolio as of March 31, 2019 and December 31, 2018:
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Other Real Estate Owned (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Other Real Estate Owned | The following tables set forth activity in OREO for the three months ended March 31, 2019 and 2018:
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Goodwill and Intangible Assets (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Goodwill and Intangible Assets | The following table sets forth activity for goodwill and other intangible assets for the periods indicated:
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| Estimated Future Amortization Expense of Core Deposit Intangibles | The following table provides the estimated future amortization expense of our CDI for the remaining nine months ending December 31, 2019 and the succeeding four years:
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Derivatives and Balance Sheet Offsetting (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The table below presents the effect of cash flow hedge accounting on Accumulated Other Comprehensive Income at March 31, 2019 and December 31, 2018:
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| Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following table presents the fair value of derivatives, as well as their classification on the Balance Sheet at March 31, 2019 and December 31, 2018:
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| Balance Sheet Offsetting [Table Text Block] | The following tables show the gross interest rate swap contracts, collar agreements and repurchase agreements in the Consolidated Balance Sheets and the respective collateral received or pledged in the form of cash or other financial instruments. The collateral amounts in these tables are limited to the outstanding balances of the related asset or liability. Therefore, instances of overcollateralization are not shown.
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| Carrying Value of Securities Pledged As Collateral | The following table summarizes the carrying value of securities pledged as collateral to secure public deposits, borrowings and other purposes as permitted or required by law:
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| Available-for-sale Securities [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Carrying Value of Securities Pledged As Collateral | The following table presents the class of collateral pledged for repurchase agreements as well as the remaining contractual maturity of the repurchase agreements:
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Commitments and Contingent Liabilities (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Leases by balance sheet location [Table Text Block] | The following table shows the details of the Company’s operating lease right of use asset and the associated lease liability for the period indicated:
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| Lease, Cost [Table Text Block] | The following table shows the components of net lease costs:
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| Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | The following table shows future minimum payments for operating leases for the remaining nine months of 2019 and subsequent years:
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| Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Future minimum lease payments for the Company’s operating leases as of December 31, 2018, prior to the adoption of new lease guidance were as follows:
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Shareholders' Equity Dividends Declared (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Shareholders' Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Dividends Declared [Table Text Block] | The following table summarizes year-to-date dividend activity as of March 31, 2019:
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Accumulated Other Comprehensive Income (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accumulated Other Comprehensive Income (Loss) [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The following table shows changes in accumulated other comprehensive income (loss) by component for the three month periods ended March 31, 2019 and 2018:
__________ (1) All amounts are net of tax. Amounts in parenthesis indicate debits. (2) See following table for details about these reclassifications. |
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| Schedule of reclassifications from accumulated other comprehensive income [Table Text Block] | The following table shows details regarding the reclassifications from accumulated other comprehensive income (loss) for the three month periods ended March 31, 2019 and 2018:
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Fair Value Accounting and Measurement (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Inputs, Assets, Quantitative Information | The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at March 31, 2019 and December 31, 2018 by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:
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| Financial Assets Accounted For Fair Value On Nonrecurring Basis | The following tables set forth information related to the Company’s assets that were measured using fair value estimates on a nonrecurring basis during the current and prior year quarterly periods:
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| Fair Value, by Balance Sheet Grouping | The following tables summarize carrying amounts and estimated fair values of selected financial instruments by level within the fair value hierarchy at March 31, 2019 and December 31, 2018:
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| Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Inputs, Assets, Quantitative Information | The range and weighted average of the significant unobservable inputs used to fair value our Level 3 nonrecurring assets, along with the valuation techniques used, are shown in the following table:
__________ (1) Discount applied to appraisal value or stated value (in the case of accounts receivable, fixed assets, and inventory). (2) Quantitative disclosures are not provided for OREO because there were no adjustments made to the appraisal values during the current period. (3) Collateral consists of accounts receivable, fixed assets, inventory, real estate and state guarantee.
__________ (1) Discount rate applied to discounted cash flow valuation or appraisal value and stated value (in the case of accounts receivable, fixed assets, and inventory). (2) Quantitative disclosures are not provided for OREO because there were no adjustments made to the appraisal values during the current period. (3) Collateral consists of accounts receivable, fixed assets, inventory and real estate. (4) As there was only one impaired loan remeasured using discounted cash flows, a range of discounts could not be provided.
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Earnings per Common Share (Tables) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Basic and Diluted Earnings Per Share | The following table sets forth the computation of basic and diluted EPS for the three months ended March 31, 2019 and 2018:
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Revenue from Contracts with Customers (Tables) |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disaggregation of Revenue [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disaggregation of Revenue [Table Text Block] | Disaggregation of revenue The following table shows the disaggregation of revenue from contracts with customers for the three month periods ended March 31, 2019 and 2018:
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Accounting Pronouncements Recently Issued Narrative - Impact of implementation of new accounting standards (Details) - USD ($) $ in Thousands |
3 Months Ended | ||
|---|---|---|---|
Mar. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2017 |
|
| Accounting Standards Update 2016-02 [Member] | |||
| Change in other assets due to adoption of new ASU | $ 49,200 | ||
| Change in other liabilities due to adoption of new ASU | $ 48,200 | ||
| Accounting Standards Update 2016-01 [Member] | |||
| Cumulative Effect of New Accounting Principle in Period of Adoption | $ (46) | ||
| Retained Earnings [Member] | Accounting Standards Update 2016-02 [Member] | |||
| Cumulative Effect of New Accounting Principle in Period of Adoption | $ 782 | ||
| Retained Earnings [Member] | Accounting Standards Update 2016-01 [Member] | |||
| Cumulative Effect of New Accounting Principle in Period of Adoption | $ (203) |
Securities (Summary of Gross Unrealized Losses and Fair Value of the Investments with Unrealized Losses) (Details) - USD ($) $ in Thousands |
Mar. 31, 2019 |
Dec. 31, 2018 |
|---|---|---|
| Debt Securities, Available-for-sale [Line Items] | ||
| Less than 12 Months Fair Value | $ 5,191 | $ 276,306 |
| Less than 12 Months Unrealized Losses | (8) | (1,598) |
| 12 Months or More Fair Value | 1,713,893 | 1,873,565 |
| 12 Months or More Unrealized Losses | (30,595) | (54,368) |
| Total Fair Value | 1,719,084 | 2,149,871 |
| Total Unrealized Losses | (30,603) | (55,966) |
| U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | ||
| Debt Securities, Available-for-sale [Line Items] | ||
| Less than 12 Months Fair Value | 1,879 | 154,622 |
| Less than 12 Months Unrealized Losses | (7) | (972) |
| 12 Months or More Fair Value | 1,250,289 | 1,301,387 |
| 12 Months or More Unrealized Losses | (26,093) | (42,495) |
| Total Fair Value | 1,252,168 | 1,456,009 |
| Total Unrealized Losses | (26,100) | (43,467) |
| State and Municipal Securities [Member] | ||
| Debt Securities, Available-for-sale [Line Items] | ||
| Less than 12 Months Fair Value | 3,312 | 106,292 |
| Less than 12 Months Unrealized Losses | (1) | (581) |
| 12 Months or More Fair Value | 209,604 | 280,496 |
| 12 Months or More Unrealized Losses | (2,560) | (7,179) |
| Total Fair Value | 212,916 | 386,788 |
| Total Unrealized Losses | (2,561) | (7,760) |
| US Government Corporations and Agencies Securities [Member] | ||
| Debt Securities, Available-for-sale [Line Items] | ||
| Less than 12 Months Fair Value | 0 | 15,392 |
| Less than 12 Months Unrealized Losses | 0 | (45) |
| 12 Months or More Fair Value | 253,752 | 291,435 |
| 12 Months or More Unrealized Losses | (1,940) | (4,691) |
| Total Fair Value | 253,752 | 306,827 |
| Total Unrealized Losses | (1,940) | (4,736) |
| US Government Securities [Member] | ||
| Debt Securities, Available-for-sale [Line Items] | ||
| Less than 12 Months Fair Value | 0 | 0 |
| Less than 12 Months Unrealized Losses | 0 | 0 |
| 12 Months or More Fair Value | 248 | 247 |
| 12 Months or More Unrealized Losses | (2) | (3) |
| Total Fair Value | 248 | 247 |
| Total Unrealized Losses | $ (2) | $ (3) |
Securities (Securities Available for Sale) (Details) - USD ($) $ in Thousands |
3 Months Ended | ||
|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
Dec. 31, 2018 |
|
| Debt Securities, Available-for-sale [Line Items] | |||
| Proceeds from Sale of Debt Securities, Available-for-sale | $ 83,968 | $ 19,761 | |
| Debt securities available-for-sale, amortized cost | 3,026,815 | $ 3,210,615 | |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 31,058 | 12,799 | |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 30,603 | 55,966 | |
| Debt securities available for sale at fair value | 3,027,270 | 3,167,448 | |
| U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||
| Debt Securities, Available-for-sale [Line Items] | |||
| Debt securities available-for-sale, amortized cost | 2,156,810 | 2,222,521 | |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 24,904 | 9,236 | |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 26,100 | 43,467 | |
| Debt securities available for sale at fair value | 2,155,614 | 2,188,290 | |
| State and Municipal Securities [Member] | |||
| Debt Securities, Available-for-sale [Line Items] | |||
| Debt securities available-for-sale, amortized cost | 534,218 | 579,755 | |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 4,833 | 2,328 | |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 2,561 | 7,760 | |
| Debt securities available for sale at fair value | 536,490 | 574,323 | |
| U.S. Government and Government-Sponsored Enterprise Securities [Member] | |||
| Debt Securities, Available-for-sale [Line Items] | |||
| Debt securities available-for-sale, amortized cost | 335,536 | 408,088 | |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 1,321 | 1,235 | |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 1,940 | 4,736 | |
| Debt securities available for sale at fair value | 334,917 | 404,587 | |
| US Government Securities [Member] | |||
| Debt Securities, Available-for-sale [Line Items] | |||
| Debt securities available-for-sale, amortized cost | 251 | 251 | |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | 0 | 0 | |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | 2 | 3 | |
| Debt securities available for sale at fair value | $ 249 | $ 248 | |
Securities (Schedule of Contractual Maturities of Investment Securities Available for Sale) (Details) - USD ($) $ in Thousands |
Mar. 31, 2019 |
Dec. 31, 2018 |
|---|---|---|
| Debt Securities, Available-for-sale [Abstract] | ||
| Due within one year, Amortized Cost | $ 111,449 | |
| Due after one year through five years, Amortized Cost | 528,884 | |
| Due after five years through ten years, Amortized Cost | 1,324,754 | |
| Due after ten years, Amortized Cost | 1,061,728 | |
| Debt securities available-for-sale, amortized cost | 3,026,815 | $ 3,210,615 |
| Due within one year, Fair Value | 111,405 | |
| Due after one year through five years, Fair Value | 526,821 | |
| Due after five years through ten years, Fair Value | 1,341,174 | |
| Due after ten years, Fair Value | 1,047,870 | |
| Debt securities available-for-sale, Fair Value | $ 3,027,270 | $ 3,167,448 |
Securities (Carrying Value of Securities Pledged as Collateral) (Details) $ in Thousands |
Mar. 31, 2019
USD ($)
|
|---|---|
| Debt Securities, Available-for-sale [Line Items] | |
| Debt Securities, Available-for-sale, Restricted | $ 473,287 |
| Washington and Oregon State Public Deposits [Member] | |
| Debt Securities, Available-for-sale [Line Items] | |
| Debt Securities, Available-for-sale, Restricted | 277,815 |
| Federal Reserve Bank Advances [Member] | |
| Debt Securities, Available-for-sale [Line Items] | |
| Debt Securities, Available-for-sale, Restricted | 54,717 |
| Other Securities [Member] | |
| Debt Securities, Available-for-sale [Line Items] | |
| Debt Securities, Available-for-sale, Restricted | $ 140,755 |
Securities Securities (Summary of Gross Realized Gains and Gross Realized Losses (Details) - USD ($) $ in Thousands |
3 Months Ended | |||
|---|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|||
| Investments, Debt and Equity Securities [Abstract] | ||||
| Proceeds from Sale of Debt Securities, Available-for-sale | $ 83,968 | $ 19,761 | ||
| Gross Realized Gains from sales of debt securities available for sale | 1,847 | 148 | ||
| Gross Realized Losses from sales of debt securities available for sale | 0 | (46) | ||
| Other securities losses, net | [1] | 0 | (80) | |
| Investment securities gain (loss), net | $ 1,847 | $ 22 | ||
| ||||
Securities (Narrative) (Details) $ in Thousands |
3 Months Ended | |
|---|---|---|
|
Mar. 31, 2019
USD ($)
security
|
Mar. 31, 2018
USD ($)
|
|
| Debt Securities, Available-for-sale [Line Items] | ||
| Proceeds from Sale of Debt Securities, Available-for-sale | $ | $ 83,968 | $ 19,761 |
| U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | ||
| Debt Securities, Available-for-sale [Line Items] | ||
| Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 407 | |
| Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 401 | |
| Municipal Bonds [Member] | ||
| Debt Securities, Available-for-sale [Line Items] | ||
| Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 246 | |
| Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 243 | |
| U.S. Government and Government-Sponsored Enterprise Securities [Member] | ||
| Debt Securities, Available-for-sale [Line Items] | ||
| Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 36 | |
| Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 36 | |
| US Government Securities [Member] | ||
| Debt Securities, Available-for-sale [Line Items] | ||
| Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | |
| Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 1 | |
Loans (Narrative) (Details) $ in Thousands |
3 Months Ended | ||
|---|---|---|---|
|
Mar. 31, 2019
USD ($)
contract
|
Mar. 31, 2018
contract
|
Dec. 31, 2018
USD ($)
|
|
| Financing Receivable, Recorded Investment [Line Items] | |||
| Loans to related parties | $ 9,500 | $ 9,600 | |
| Loans and Leases Receivable, Related Parties, Advances | 0 | ||
| Repayments on related party loans | $ 99 | ||
| Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract | 1 | 0 | |
| Loans Receivable [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 3,240,000 | 3,220,000 | |
| Federal Reserve Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 86,100 | $ 82,000 | |
Loans (Analysis of Loan Portfolio by Major Types of Loans) (Details) - USD ($) $ in Thousands |
Mar. 31, 2019 |
Dec. 31, 2018 |
Mar. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|---|---|
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Less: unearned income on loans | $ (38,681) | $ (42,194) | ||
| Recorded Investment | 8,520,798 | 8,391,511 | ||
| Allowance for loan losses | (83,274) | (83,369) | $ (79,827) | $ (75,646) |
| Loans, net | 8,437,524 | 8,308,142 | ||
| Loans held for sale | 4,017 | 3,849 | ||
| Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Less: unearned income on loans | (38,681) | (42,194) | ||
| Recorded Investment | 8,432,541 | 8,301,751 | ||
| Allowance for loan losses | (80,029) | (79,758) | ||
| Loans, net | 8,352,512 | 8,221,993 | ||
| Loans held for sale | 4,017 | 3,849 | ||
| Loans and Leases Receivable, Gross | 8,432,541 | 8,301,751 | ||
| Purchased Credit Impaired Loans [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Less: unearned income on loans | 0 | 0 | ||
| Recorded Investment | 88,257 | 89,760 | ||
| Allowance for loan losses | (3,245) | (3,611) | ||
| Loans, net | 85,012 | 86,149 | ||
| Loans held for sale | 0 | 0 | ||
| Loans and Leases Receivable, Gross | 94,418 | 96,285 | ||
| Acquisition Accounting Valuation Discount on Covered Loans | 6,161 | 6,525 | ||
| Commercial Portfolio Segment [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans Receivable, Gross, Commercial and Industrial | 3,519,386 | 3,447,662 | ||
| Commercial Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans Receivable, Gross, Commercial and Industrial | 3,509,472 | 3,438,422 | ||
| Commercial Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans Receivable, Gross, Commercial and Industrial | 9,914 | 9,240 | ||
| Loans and Leases Receivable, Gross | 10,270 | 9,672 | ||
| One-to-Four Family Residential [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans and Leases Receivable, Gross, Consumer, Mortgage | 290,167 | 246,384 | ||
| Loans and Leases Receivable, Gross, Consumer, Construction | 208,047 | 217,943 | ||
| Allowance for loan losses | (616) | (593) | (558) | (701) |
| One-to-Four Family Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans and Leases Receivable, Gross, Consumer, Mortgage | 282,673 | 238,367 | ||
| Loans and Leases Receivable, Gross, Consumer, Construction | 207,900 | 217,790 | ||
| Loans and Leases Receivable, Gross | 282,330 | 236,026 | ||
| One-to-Four Family Residential [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans and Leases Receivable, Gross, Consumer, Mortgage | 7,494 | 8,017 | ||
| Loans and Leases Receivable, Gross, Consumer, Construction | 147 | 153 | ||
| Loans and Leases Receivable, Gross | 9,258 | 9,848 | ||
| Commercial and Multifamily Residential [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans Receivable, Gross, Commercial, Mortgage | 3,979,494 | 3,908,937 | ||
| Loans Receivable, Gross, Commercial, Construction | 240,977 | 284,928 | ||
| Commercial and Multifamily Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans Receivable, Gross, Commercial, Mortgage | 3,917,833 | 3,846,027 | ||
| Loans Receivable, Gross, Commercial, Construction | 240,458 | 284,394 | ||
| Commercial and Multifamily Residential [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans Receivable, Gross, Commercial, Mortgage | 61,661 | 62,910 | ||
| Loans Receivable, Gross, Commercial, Construction | 519 | 534 | ||
| Loans and Leases Receivable, Gross | 64,958 | 66,340 | ||
| Real Estate Portfolio Segment [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans Receivable Real Estate Mortgage | 4,269,661 | 4,155,321 | ||
| Real Estate Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans Receivable Real Estate Mortgage | 4,200,506 | 4,084,394 | ||
| Real Estate Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans Receivable Real Estate Mortgage | 69,155 | 70,927 | ||
| Loans and Leases Receivable, Gross | 74,216 | 76,188 | ||
| Real Estate Construction Portfolio Segment [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans Receivable Real Estate Construction | 449,024 | 502,871 | ||
| Real Estate Construction Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans Receivable Real Estate Construction | 448,358 | 502,184 | ||
| Real Estate Construction Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans Receivable Real Estate Construction | 666 | 687 | ||
| Loans and Leases Receivable, Gross | 638 | 660 | ||
| Consumer Portfolio Segment [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans and Leases Receivable, Gross, Consumer | 321,408 | 327,851 | ||
| Allowance for loan losses | (5,545) | (5,301) | $ (5,216) | $ (5,163) |
| Consumer Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans and Leases Receivable, Gross, Consumer | 312,886 | 318,945 | ||
| Loans and Leases Receivable, Gross | 312,325 | 318,215 | ||
| Consumer Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans and Leases Receivable, Gross, Consumer | 8,522 | 8,906 | ||
| Loans and Leases Receivable, Gross | 9,294 | 9,765 | ||
| One-to-Four Family Residential Construction [Domain] | Purchased Credit Impaired Loans [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans and Leases Receivable, Gross | 147 | 153 | ||
| Commercial and Multifamily Residential Construction [Domain] | Purchased Credit Impaired Loans [Member] | ||||
| Financing Receivable, Recorded Investment [Line Items] | ||||
| Loans and Leases Receivable, Gross | $ 491 | $ 507 |
Loans (Analysis of Nonaccrual Loans) (Details) - USD ($) $ in Thousands |
Mar. 31, 2019 |
Dec. 31, 2018 |
|---|---|---|
| Financing Receivable, Recorded Investment [Line Items] | ||
| Recorded Investment Nonaccrual Loans | $ 52,615 | $ 54,842 |
| Unpaid Principal Balance Nonaccrual Loans | 64,231 | 65,358 |
| Secured Loans [Member] | ||
| Financing Receivable, Recorded Investment [Line Items] | ||
| Recorded Investment Nonaccrual Loans | 35,577 | 35,504 |
| Unpaid Principal Balance Nonaccrual Loans | 46,496 | 45,072 |
| Unsecured Loans [Member] | ||
| Financing Receivable, Recorded Investment [Line Items] | ||
| Recorded Investment Nonaccrual Loans | 0 | 9 |
| Unpaid Principal Balance Nonaccrual Loans | 0 | 9 |
| One-to-Four Family Residential [Member] | ||
| Financing Receivable, Recorded Investment [Line Items] | ||
| Recorded Investment Nonaccrual Loans | 923 | 1,158 |
| Unpaid Principal Balance Nonaccrual Loans | 1,018 | 1,178 |
| Commercial Land [Member] | ||
| Financing Receivable, Recorded Investment [Line Items] | ||
| Recorded Investment Nonaccrual Loans | 2,570 | 2,261 |
| Unpaid Principal Balance Nonaccrual Loans | 2,577 | 2,270 |
| Income Property Multifamily [Member] | ||
| Financing Receivable, Recorded Investment [Line Items] | ||
| Recorded Investment Nonaccrual Loans | 1,108 | 2,721 |
| Unpaid Principal Balance Nonaccrual Loans | 1,118 | 3,062 |
| Owner Occupied [Member] | ||
| Financing Receivable, Recorded Investment [Line Items] | ||
| Recorded Investment Nonaccrual Loans | 9,623 | 9,922 |
| Unpaid Principal Balance Nonaccrual Loans | 9,960 | 10,300 |
| Land And Acquisition [Member] | ||
| Financing Receivable, Recorded Investment [Line Items] | ||
| Recorded Investment Nonaccrual Loans | 0 | 318 |
| Unpaid Principal Balance Nonaccrual Loans | 0 | 318 |
| Consumer Portfolio Segment [Member] | ||
| Financing Receivable, Recorded Investment [Line Items] | ||
| Recorded Investment Nonaccrual Loans | 2,814 | 2,949 |
| Unpaid Principal Balance Nonaccrual Loans | $ 3,062 | $ 3,149 |
Loans (Analysis of the Aged Loan Portfolio) (Details) - USD ($) $ in Thousands |
Mar. 31, 2019 |
Dec. 31, 2018 |
|---|---|---|
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual Loans | $ 52,615 | $ 54,842 |
| Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Current Loans | 8,364,660 | 8,218,651 |
| Past Due Loans | 15,266 | 28,258 |
| Nonaccrual Loans | 52,615 | 54,842 |
| Total Loans | 8,432,541 | 8,301,751 |
| Secured Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual Loans | 35,577 | 35,504 |
| Secured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Current Loans | 3,337,206 | 3,267,709 |
| Past Due Loans | 8,451 | 9,488 |
| Nonaccrual Loans | 35,577 | 35,504 |
| Total Loans | 3,381,234 | 3,312,701 |
| Unsecured Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual Loans | 0 | 9 |
| Unsecured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Current Loans | 114,087 | 111,868 |
| Past Due Loans | 1,130 | 240 |
| Nonaccrual Loans | 0 | 9 |
| Total Loans | 115,217 | 112,117 |
| One-to-Four Family Residential [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual Loans | 923 | 1,158 |
| One-to-Four Family Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Current Loans | 280,727 | 233,941 |
| Past Due Loans | 680 | 927 |
| Nonaccrual Loans | 923 | 1,158 |
| Total Loans | 282,330 | 236,026 |
| Commercial Land [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual Loans | 2,570 | 2,261 |
| Commercial Land [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Current Loans | 292,125 | 283,416 |
| Past Due Loans | 225 | 0 |
| Nonaccrual Loans | 2,570 | 2,261 |
| Total Loans | 294,920 | 285,677 |
| Income Property Multifamily [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual Loans | 1,108 | 2,721 |
| Income Property Multifamily [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Current Loans | 1,959,361 | 1,910,505 |
| Past Due Loans | 2,140 | 7,250 |
| Nonaccrual Loans | 1,108 | 2,721 |
| Total Loans | 1,962,609 | 1,920,476 |
| Owner Occupied [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual Loans | 9,623 | 9,922 |
| Owner Occupied [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Current Loans | 1,627,738 | 1,606,085 |
| Past Due Loans | 1,198 | 1,744 |
| Nonaccrual Loans | 9,623 | 9,922 |
| Total Loans | 1,638,559 | 1,617,751 |
| Land And Acquisition [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual Loans | 0 | 318 |
| Land And Acquisition [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Current Loans | 3,619 | 4,099 |
| Past Due Loans | 0 | 0 |
| Nonaccrual Loans | 0 | 318 |
| Total Loans | 3,619 | 4,417 |
| Residential Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Current Loans | 203,318 | 212,303 |
| Past Due Loans | 0 | 93 |
| Nonaccrual Loans | 0 | 0 |
| Total Loans | 203,318 | 212,396 |
| Income Property Multifamily Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Current Loans | 163,674 | 194,912 |
| Past Due Loans | 0 | 0 |
| Nonaccrual Loans | 0 | 0 |
| Total Loans | 163,674 | 194,912 |
| Owner Occupied Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Current Loans | 74,736 | 79,805 |
| Past Due Loans | 0 | 7,258 |
| Nonaccrual Loans | 0 | 0 |
| Total Loans | 74,736 | 87,063 |
| Consumer Portfolio Segment [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Nonaccrual Loans | 2,814 | 2,949 |
| Consumer Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Current Loans | 308,069 | 314,008 |
| Past Due Loans | 1,442 | 1,258 |
| Nonaccrual Loans | 2,814 | 2,949 |
| Total Loans | 312,325 | 318,215 |
| Financing Receivables, 60 to 89 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 2,984 | 6,299 |
| Financing Receivables, 60 to 89 Days Past Due [Member] | Secured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 1,603 | 3,624 |
| Financing Receivables, 60 to 89 Days Past Due [Member] | Unsecured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 1,098 | 0 |
| Financing Receivables, 60 to 89 Days Past Due [Member] | One-to-Four Family Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 233 |
| Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Land [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, 60 to 89 Days Past Due [Member] | Income Property Multifamily [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 2,241 |
| Financing Receivables, 60 to 89 Days Past Due [Member] | Owner Occupied [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 75 | 0 |
| Financing Receivables, 60 to 89 Days Past Due [Member] | Land And Acquisition [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, 60 to 89 Days Past Due [Member] | Income Property Multifamily Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, 60 to 89 Days Past Due [Member] | Owner Occupied Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 208 | 201 |
| Financing Receivables, 30 to 59 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 12,282 | 21,959 |
| Financing Receivables, 30 to 59 Days Past Due [Member] | Secured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 6,848 | 5,864 |
| Financing Receivables, 30 to 59 Days Past Due [Member] | Unsecured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 32 | 240 |
| Financing Receivables, 30 to 59 Days Past Due [Member] | One-to-Four Family Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 680 | 694 |
| Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Land [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 225 | 0 |
| Financing Receivables, 30 to 59 Days Past Due [Member] | Income Property Multifamily [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 2,140 | 5,009 |
| Financing Receivables, 30 to 59 Days Past Due [Member] | Owner Occupied [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 1,123 | 1,744 |
| Financing Receivables, 30 to 59 Days Past Due [Member] | Land And Acquisition [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 93 |
| Financing Receivables, 30 to 59 Days Past Due [Member] | Income Property Multifamily Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, 30 to 59 Days Past Due [Member] | Owner Occupied Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 7,258 |
| Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 1,234 | 1,057 |
| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Secured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Unsecured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | One-to-Four Family Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Land [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Income Property Multifamily [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Owner Occupied [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Land And Acquisition [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Income Property Multifamily Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Owner Occupied Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | 0 | 0 |
| Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||
| Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
| Past Due Loans | $ 0 | $ 0 |
Loans (Analysis of Impaired Loans) (Details) - Loans, Excluding Purchased Credit Impaired Loans [Member] - USD ($) $ in Thousands |
3 Months Ended | ||
|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
Dec. 31, 2018 |
|
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment of Loans Collectively Measured for Contingency Provision | $ 8,377,258 | $ 8,252,647 | |
| Recorded Investment of Loans Individually Measured for Specific Impairment | 55,283 | 49,104 | |
| Recorded Investment | 43,805 | 35,753 | |
| Unpaid Principal Balance | 50,113 | 40,716 | |
| Related Allowance | 2,911 | 2,132 | |
| Average Recorded Investment Impaired Loans | 52,193 | $ 70,577 | |
| Interest Recognized on Impaired Loans | 189 | 239 | |
| Secured Loans [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment of Loans Collectively Measured for Contingency Provision | 3,351,027 | 3,286,416 | |
| Recorded Investment of Loans Individually Measured for Specific Impairment | 30,207 | 26,285 | |
| Recorded Investment | 5,426 | 6,350 | |
| Unpaid Principal Balance | 6,189 | 8,460 | |
| Related Allowance | 2,829 | 2,023 | |
| Average Recorded Investment Impaired Loans | 28,246 | 42,306 | |
| Interest Recognized on Impaired Loans | 12 | 12 | |
| Unsecured Loans [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment of Loans Collectively Measured for Contingency Provision | 115,199 | 112,097 | |
| Recorded Investment of Loans Individually Measured for Specific Impairment | 18 | 20 | |
| Recorded Investment | 0 | 20 | |
| Unpaid Principal Balance | 0 | 20 | |
| Related Allowance | 0 | 0 | |
| Average Recorded Investment Impaired Loans | 19 | 24 | |
| Interest Recognized on Impaired Loans | 0 | 0 | |
| One-to-Four Family Residential [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment of Loans Collectively Measured for Contingency Provision | 281,466 | 235,138 | |
| Recorded Investment of Loans Individually Measured for Specific Impairment | 864 | 888 | |
| Recorded Investment | 313 | 325 | |
| Unpaid Principal Balance | 793 | 798 | |
| Related Allowance | 8 | 8 | |
| Average Recorded Investment Impaired Loans | 876 | 881 | |
| Interest Recognized on Impaired Loans | 6 | 7 | |
| Commercial Land [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment of Loans Collectively Measured for Contingency Provision | 292,055 | 283,451 | |
| Recorded Investment of Loans Individually Measured for Specific Impairment | 2,865 | 2,226 | |
| Recorded Investment | 0 | 0 | |
| Unpaid Principal Balance | 0 | 0 | |
| Related Allowance | 0 | 0 | |
| Average Recorded Investment Impaired Loans | 2,546 | 2,569 | |
| Interest Recognized on Impaired Loans | 7 | 0 | |
| Income Property Multifamily [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment of Loans Collectively Measured for Contingency Provision | 1,961,287 | 1,917,522 | |
| Recorded Investment of Loans Individually Measured for Specific Impairment | 1,322 | 2,954 | |
| Recorded Investment | 0 | 99 | |
| Unpaid Principal Balance | 0 | 165 | |
| Related Allowance | 0 | 1 | |
| Average Recorded Investment Impaired Loans | 2,138 | 4,292 | |
| Interest Recognized on Impaired Loans | 19 | 31 | |
| Owner Occupied [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment of Loans Collectively Measured for Contingency Provision | 1,622,007 | 1,605,042 | |
| Recorded Investment of Loans Individually Measured for Specific Impairment | 16,552 | 12,709 | |
| Recorded Investment | 3,181 | 3,231 | |
| Unpaid Principal Balance | 4,640 | 4,666 | |
| Related Allowance | 52 | 69 | |
| Average Recorded Investment Impaired Loans | 14,630 | 8,622 | |
| Interest Recognized on Impaired Loans | 118 | 84 | |
| Land And Acquisition [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment of Loans Collectively Measured for Contingency Provision | 3,619 | 4,417 | |
| Recorded Investment of Loans Individually Measured for Specific Impairment | 0 | 0 | |
| Recorded Investment | 0 | 0 | |
| Unpaid Principal Balance | 0 | 0 | |
| Related Allowance | 0 | 0 | |
| Residential Construction [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment of Loans Collectively Measured for Contingency Provision | 203,318 | 212,396 | |
| Recorded Investment of Loans Individually Measured for Specific Impairment | 0 | 0 | |
| Recorded Investment | 0 | 0 | |
| Unpaid Principal Balance | 0 | 0 | |
| Related Allowance | 0 | 0 | |
| Average Recorded Investment Impaired Loans | 0 | 1,210 | |
| Interest Recognized on Impaired Loans | 0 | 0 | |
| Income Property Multifamily Construction [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment of Loans Collectively Measured for Contingency Provision | 163,674 | 194,912 | |
| Recorded Investment of Loans Individually Measured for Specific Impairment | 0 | 0 | |
| Recorded Investment | 0 | 0 | |
| Unpaid Principal Balance | 0 | 0 | |
| Related Allowance | 0 | 0 | |
| Owner Occupied Construction [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment of Loans Collectively Measured for Contingency Provision | 74,736 | 87,063 | |
| Recorded Investment of Loans Individually Measured for Specific Impairment | 0 | 0 | |
| Recorded Investment | 0 | 0 | |
| Unpaid Principal Balance | 0 | 0 | |
| Related Allowance | 0 | 0 | |
| Average Recorded Investment Impaired Loans | 0 | 4,050 | |
| Interest Recognized on Impaired Loans | 0 | 51 | |
| Consumer Portfolio Segment [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment of Loans Collectively Measured for Contingency Provision | 308,870 | 314,193 | |
| Recorded Investment of Loans Individually Measured for Specific Impairment | 3,455 | 4,022 | |
| Recorded Investment | 2,558 | 3,326 | |
| Unpaid Principal Balance | 2,703 | 3,584 | |
| Related Allowance | 22 | 31 | |
| Average Recorded Investment Impaired Loans | 3,738 | 6,623 | |
| Interest Recognized on Impaired Loans | 27 | $ 54 | |
| Impaired Loans With Recorded Allowance [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment | 11,478 | 13,351 | |
| Unpaid Principal Balance | 14,325 | 17,693 | |
| Impaired Loans Without Recorded Allowance [Member] | Secured Loans [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment | 24,781 | 19,935 | |
| Unpaid Principal Balance | 30,656 | 24,404 | |
| Impaired Loans Without Recorded Allowance [Member] | Unsecured Loans [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment | 18 | 0 | |
| Unpaid Principal Balance | 18 | 0 | |
| Impaired Loans Without Recorded Allowance [Member] | One-to-Four Family Residential [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment | 551 | 563 | |
| Unpaid Principal Balance | 568 | 575 | |
| Impaired Loans Without Recorded Allowance [Member] | Commercial Land [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment | 2,865 | 2,226 | |
| Unpaid Principal Balance | 2,909 | 2,272 | |
| Impaired Loans Without Recorded Allowance [Member] | Income Property Multifamily [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment | 1,322 | 2,855 | |
| Unpaid Principal Balance | 1,333 | 3,011 | |
| Impaired Loans Without Recorded Allowance [Member] | Owner Occupied [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment | 13,371 | 9,478 | |
| Unpaid Principal Balance | 13,617 | 9,750 | |
| Impaired Loans Without Recorded Allowance [Member] | Land And Acquisition [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment | 0 | 0 | |
| Unpaid Principal Balance | 0 | 0 | |
| Impaired Loans Without Recorded Allowance [Member] | Residential Construction [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment | 0 | 0 | |
| Unpaid Principal Balance | 0 | 0 | |
| Impaired Loans Without Recorded Allowance [Member] | Income Property Multifamily Construction [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment | 0 | 0 | |
| Unpaid Principal Balance | 0 | 0 | |
| Impaired Loans Without Recorded Allowance [Member] | Owner Occupied Construction [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment | 0 | 0 | |
| Unpaid Principal Balance | 0 | 0 | |
| Impaired Loans Without Recorded Allowance [Member] | Consumer Portfolio Segment [Member] | |||
| Financing Receivable, Recorded Investment [Line Items] | |||
| Recorded Investment | 897 | 696 | |
| Unpaid Principal Balance | $ 1,012 | $ 704 | |
Loans Loans (Analysis of Troubled Debt Restructurings) (Details) $ in Thousands |
3 Months Ended | ||
|---|---|---|---|
|
Mar. 31, 2019
USD ($)
Modifications
contract
|
Mar. 31, 2018
USD ($)
Modifications
contract
|
Dec. 31, 2018
USD ($)
|
|
| Financing Receivable, Modifications [Line Items] | |||
| Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract | 1 | 0 | |
| Loans and Leases Receivable, Related Parties | $ 9,500 | $ 9,600 | |
| Financing Receivable Modifications Additional Commitment To Lend | 1,300 | $ 2,100 | |
| Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 26 | $ 0 | |
| Loans, Excluding Purchased Credit Impaired Loans [Member] | |||
| Financing Receivable, Modifications [Line Items] | |||
| Financing Receivable, Modifications, Number of Contracts | Modifications | 3 | 9 | |
| Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 833 | $ 2,484 | |
| Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 833 | $ 2,484 | |
| Loans, Excluding Purchased Credit Impaired Loans [Member] | Secured Loans [Member] | |||
| Financing Receivable, Modifications [Line Items] | |||
| Financing Receivable, Modifications, Number of Contracts | Modifications | 2 | 1 | |
| Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 616 | $ 450 | |
| Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 616 | $ 450 | |
| Loans, Excluding Purchased Credit Impaired Loans [Member] | Income Property Multifamily [Member] | |||
| Financing Receivable, Modifications [Line Items] | |||
| Financing Receivable, Modifications, Number of Contracts | Modifications | 1 | 0 | |
| Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 217 | $ 0 | |
| Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 217 | $ 0 | |
| Loans, Excluding Purchased Credit Impaired Loans [Member] | Income Property Multifamily Construction [Member] | |||
| Financing Receivable, Modifications [Line Items] | |||
| Financing Receivable, Modifications, Number of Contracts | Modifications | 0 | 1 | |
| Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 891 | |
| Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 891 | |
| Loans, Excluding Purchased Credit Impaired Loans [Member] | Consumer Portfolio Segment [Member] | |||
| Financing Receivable, Modifications [Line Items] | |||
| Financing Receivable, Modifications, Number of Contracts | Modifications | 0 | 7 | |
| Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 1,143 | |
| Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 1,143 | |
Loans Loans (Analysis of Purchased Credit Impaired Loans - Accretable Yield Rollforward) (Details) - USD ($) $ in Thousands |
3 Months Ended | |||
|---|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2017 |
|
| Loans, Analysis of Purchased Credit Impaired Loans, Accretable Yield Rollforward [Abstract] | ||||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield | $ 21,849 | $ 29,355 | $ 21,949 | $ 31,176 |
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | 1,577 | 2,265 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Disposals of Loans | (103) | 159 | ||
| Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Reclassifications from Nonaccretable Difference | $ 1,374 | $ 603 | ||
Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit (Narrative) (Details) - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
| Provision for loan and lease losses | $ 1,362 | $ 5,852 |
Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit (Allowance for Loan and Lease Losses) (Details) - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|
| Allowance for Loan and Lease Losses [Roll Forward] | ||
| Beginning balance | $ 83,369 | $ 75,646 |
| Charged-offs | (2,988) | (4,307) |
| Recoveries | 1,531 | 2,636 |
| Provision for loan and lease losses | 1,362 | 5,852 |
| Ending balance | 83,274 | 79,827 |
| Specific Reserve | 2,911 | 5,857 |
| General Allocation | 80,363 | 73,970 |
| Secured Loans [Member] | ||
| Allowance for Loan and Lease Losses [Roll Forward] | ||
| Beginning balance | 43,188 | 29,341 |
| Charged-offs | (1,249) | (2,414) |
| Recoveries | 323 | 553 |
| Provision for loan and lease losses | 1,355 | 9,851 |
| Ending balance | 43,617 | 37,331 |
| Specific Reserve | 2,829 | 5,657 |
| General Allocation | 40,788 | 31,674 |
| Unsecured Loans [Member] | ||
| Allowance for Loan and Lease Losses [Roll Forward] | ||
| Beginning balance | 2,626 | 2,000 |
| Charged-offs | 0 | (63) |
| Recoveries | 157 | 249 |
| Provision for loan and lease losses | (288) | 409 |
| Ending balance | 2,495 | 2,595 |
| Specific Reserve | 0 | 2 |
| General Allocation | 2,495 | 2,593 |
| One-to-Four Family Residential [Member] | ||
| Allowance for Loan and Lease Losses [Roll Forward] | ||
| Beginning balance | 593 | 701 |
| Charged-offs | (2) | 0 |
| Recoveries | 17 | 172 |
| Provision for loan and lease losses | 8 | (315) |
| Ending balance | 616 | 558 |
| Specific Reserve | 8 | 22 |
| General Allocation | 608 | 536 |
| Commercial Land [Member] | ||
| Allowance for Loan and Lease Losses [Roll Forward] | ||
| Beginning balance | 3,947 | 4,265 |
| Charged-offs | 0 | 0 |
| Recoveries | 7 | 6 |
| Provision for loan and lease losses | 634 | (526) |
| Ending balance | 4,588 | 3,745 |
| Specific Reserve | 0 | 0 |
| General Allocation | 4,588 | 3,745 |
| Income Property Multifamily [Member] | ||
| Allowance for Loan and Lease Losses [Roll Forward] | ||
| Beginning balance | 4,044 | 5,672 |
| Charged-offs | 0 | (223) |
| Recoveries | 23 | 141 |
| Provision for loan and lease losses | 951 | (888) |
| Ending balance | 5,018 | 4,702 |
| Specific Reserve | 0 | 0 |
| General Allocation | 5,018 | 4,702 |
| Owner Occupied [Member] | ||
| Allowance for Loan and Lease Losses [Roll Forward] | ||
| Beginning balance | 4,533 | 5,459 |
| Charged-offs | 0 | 0 |
| Recoveries | 1 | 12 |
| Provision for loan and lease losses | 432 | (722) |
| Ending balance | 4,966 | 4,749 |
| Specific Reserve | 52 | 5 |
| General Allocation | 4,914 | 4,744 |
| Land And Acquisition [Member] | ||
| Allowance for Loan and Lease Losses [Roll Forward] | ||
| Beginning balance | 549 | 963 |
| Charged-offs | 0 | 0 |
| Recoveries | 59 | 16 |
| Provision for loan and lease losses | (201) | (67) |
| Ending balance | 407 | 912 |
| Specific Reserve | 0 | 0 |
| General Allocation | 407 | 912 |
| Residential Construction [Member] | ||
| Allowance for Loan and Lease Losses [Roll Forward] | ||
| Beginning balance | 5,536 | 3,709 |
| Charged-offs | (170) | 0 |
| Recoveries | 1 | 3 |
| Provision for loan and lease losses | 99 | 924 |
| Ending balance | 5,466 | 4,636 |
| Specific Reserve | 0 | 0 |
| General Allocation | 5,466 | 4,636 |
| Income Property Multifamily Construction [Member] | ||
| Allowance for Loan and Lease Losses [Roll Forward] | ||
| Beginning balance | 5,784 | 7,053 |
| Charged-offs | 0 | 0 |
| Recoveries | 0 | 0 |
| Provision for loan and lease losses | (1,267) | 421 |
| Ending balance | 4,517 | 7,474 |
| Specific Reserve | 0 | 0 |
| General Allocation | 4,517 | 7,474 |
| Owner Occupied Construction [Member] | ||
| Allowance for Loan and Lease Losses [Roll Forward] | ||
| Beginning balance | 2,604 | 4,413 |
| Charged-offs | 0 | 0 |
| Recoveries | 0 | 0 |
| Provision for loan and lease losses | (384) | (2,490) |
| Ending balance | 2,220 | 1,923 |
| Specific Reserve | 0 | 0 |
| General Allocation | 2,220 | 1,923 |
| Consumer Portfolio Segment [Member] | ||
| Allowance for Loan and Lease Losses [Roll Forward] | ||
| Beginning balance | 5,301 | 5,163 |
| Charged-offs | (478) | (264) |
| Recoveries | 238 | 260 |
| Provision for loan and lease losses | 484 | 57 |
| Ending balance | 5,545 | 5,216 |
| Specific Reserve | 22 | 171 |
| General Allocation | 5,523 | 5,045 |
| Purchased Credit Impaired Loans [Member] | ||
| Allowance for Loan and Lease Losses [Roll Forward] | ||
| Beginning balance | 3,611 | 6,907 |
| Charged-offs | (1,089) | (1,343) |
| Recoveries | 705 | 1,224 |
| Provision for loan and lease losses | 18 | (1,123) |
| Ending balance | 3,245 | 5,665 |
| Specific Reserve | 0 | 0 |
| General Allocation | 3,245 | 5,665 |
| Unallocated Financing Receivables [Member] | ||
| Allowance for Loan and Lease Losses [Roll Forward] | ||
| Beginning balance | 1,053 | 0 |
| Charged-offs | 0 | 0 |
| Recoveries | 0 | 0 |
| Provision for loan and lease losses | (479) | 321 |
| Ending balance | 574 | 321 |
| Specific Reserve | 0 | 0 |
| General Allocation | $ 574 | $ 321 |
Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit (Changes in the Allowance for Unfunded Commitments and Letters of Credit) (Details) - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|
| Allowance For Loan And Lease Losses And Unfunded Loan Commitments And Letters Of Credit | ||
| Beginning balance | $ 4,330 | $ 3,130 |
| Allowance for Loan and Lease Losses, Net Changes In Unfunded Commitments and Letters Of Credit Allowance | (550) | 1,200 |
| Ending balance | $ 3,780 | $ 4,330 |
Allowance for Loan and Lease Losses and Unfunded Commitments and Letters of Credit (Analysis of Credit Quality of the Loan Portfolio) (Details) - USD ($) $ in Thousands |
Mar. 31, 2019 |
Dec. 31, 2018 |
Mar. 31, 2018 |
Dec. 31, 2017 |
|---|---|---|---|---|
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Less: ALLL | $ 83,274 | $ 83,369 | $ 79,827 | $ 75,646 |
| Loans, net | 8,437,524 | 8,308,142 | ||
| Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 8,432,541 | 8,301,751 | ||
| Less: ALLL | 80,029 | 79,758 | ||
| Loans, net | 8,352,512 | 8,221,993 | ||
| Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 94,418 | 96,285 | ||
| Acquisition Accounting Valuation Discount on Purchased Credit Impaired Loans | 6,161 | 6,525 | ||
| Less: ALLL | 3,245 | 3,611 | ||
| Loans, net | 85,012 | 86,149 | ||
| Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 8,151,232 | 8,029,658 | ||
| Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 85,562 | 94,337 | ||
| Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 76,701 | 105,844 | ||
| Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 141 | 0 | ||
| Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 204,608 | 166,239 | ||
| Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 8,715 | 1,948 | ||
| Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 10 | ||
| Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Secured Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Less: ALLL | 43,617 | 43,188 | 37,331 | 29,341 |
| Secured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 3,381,234 | 3,312,701 | ||
| Secured Loans [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 9,553 | 8,881 | ||
| Secured Loans [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 3,217,555 | 3,160,910 | ||
| Secured Loans [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 8,749 | 8,041 | ||
| Secured Loans [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 58,919 | 48,779 | ||
| Secured Loans [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Secured Loans [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 104,760 | 103,007 | ||
| Secured Loans [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 804 | 840 | ||
| Secured Loans [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 5 | ||
| Secured Loans [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Secured Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Secured Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Unsecured Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Less: ALLL | 2,495 | 2,626 | 2,595 | 2,000 |
| Unsecured Loans [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 115,217 | 112,117 | ||
| Unsecured Loans [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 717 | 791 | ||
| Unsecured Loans [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 115,089 | 112,091 | ||
| Unsecured Loans [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 717 | 692 | ||
| Unsecured Loans [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 26 | 21 | ||
| Unsecured Loans [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Unsecured Loans [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 102 | 0 | ||
| Unsecured Loans [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 99 | ||
| Unsecured Loans [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 5 | ||
| Unsecured Loans [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Unsecured Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Unsecured Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| One-to-Four Family Residential [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Less: ALLL | 616 | 593 | 558 | 701 |
| One-to-Four Family Residential [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 282,330 | 236,026 | ||
| One-to-Four Family Residential [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 9,258 | 9,848 | ||
| One-to-Four Family Residential [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 281,107 | 234,416 | ||
| One-to-Four Family Residential [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 8,565 | 9,633 | ||
| One-to-Four Family Residential [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| One-to-Four Family Residential [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| One-to-Four Family Residential [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 1,223 | 1,610 | ||
| One-to-Four Family Residential [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 693 | 215 | ||
| One-to-Four Family Residential [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| One-to-Four Family Residential [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| One-to-Four Family Residential [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| One-to-Four Family Residential [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Commercial Land [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Less: ALLL | 4,588 | 3,947 | 3,745 | 4,265 |
| Commercial Land [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 294,920 | 285,677 | ||
| Commercial Land [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 10,186 | 10,363 | ||
| Commercial Land [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 286,993 | 276,348 | ||
| Commercial Land [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 9,974 | 10,363 | ||
| Commercial Land [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 2,472 | 5,082 | ||
| Commercial Land [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 141 | 0 | ||
| Commercial Land [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 5,455 | 4,247 | ||
| Commercial Land [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 71 | 0 | ||
| Commercial Land [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Commercial Land [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Commercial Land [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Commercial Land [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Income Property Multifamily [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Less: ALLL | 5,018 | 4,044 | 4,702 | 5,672 |
| Income Property Multifamily [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 1,962,609 | 1,920,476 | ||
| Income Property Multifamily [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 19,350 | 19,680 | ||
| Income Property Multifamily [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 1,918,999 | 1,876,925 | ||
| Income Property Multifamily [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 19,350 | 19,680 | ||
| Income Property Multifamily [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 1,560 | 36,998 | ||
| Income Property Multifamily [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Income Property Multifamily [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 42,050 | 6,553 | ||
| Income Property Multifamily [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Income Property Multifamily [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Income Property Multifamily [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Income Property Multifamily [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Income Property Multifamily [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Owner Occupied [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Less: ALLL | 4,966 | 4,533 | 4,749 | 5,459 |
| Owner Occupied [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 1,638,559 | 1,617,751 | ||
| Owner Occupied [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 35,422 | 36,297 | ||
| Owner Occupied [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 1,578,780 | 1,556,852 | ||
| Owner Occupied [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 28,662 | 35,944 | ||
| Owner Occupied [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 13,724 | 14,964 | ||
| Owner Occupied [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Owner Occupied [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 46,055 | 45,935 | ||
| Owner Occupied [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 6,760 | 353 | ||
| Owner Occupied [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Owner Occupied [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Owner Occupied [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Owner Occupied [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Land And Acquisition [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Less: ALLL | 407 | 549 | 912 | 963 |
| Land And Acquisition [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 3,619 | 4,417 | ||
| Land And Acquisition [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 147 | 153 | ||
| Land And Acquisition [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 3,619 | 4,099 | ||
| Land And Acquisition [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 146 | 151 | ||
| Land And Acquisition [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Land And Acquisition [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Land And Acquisition [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 318 | ||
| Land And Acquisition [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 1 | 2 | ||
| Land And Acquisition [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Land And Acquisition [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Land And Acquisition [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Land And Acquisition [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Residential Construction [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Less: ALLL | 5,466 | 5,536 | 4,636 | 3,709 |
| Residential Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 203,318 | 212,396 | ||
| Residential Construction [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 203,318 | 212,225 | ||
| Residential Construction [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Residential Construction [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 171 | ||
| Residential Construction [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Residential Construction [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Income Property Multifamily Construction [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Less: ALLL | 4,517 | 5,784 | 7,474 | 7,053 |
| Income Property Multifamily Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 163,674 | 194,912 | ||
| Income Property Multifamily Construction [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 491 | 507 | ||
| Income Property Multifamily Construction [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 163,674 | 194,912 | ||
| Income Property Multifamily Construction [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 491 | 507 | ||
| Income Property Multifamily Construction [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Income Property Multifamily Construction [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Income Property Multifamily Construction [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Income Property Multifamily Construction [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Income Property Multifamily Construction [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Income Property Multifamily Construction [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Income Property Multifamily Construction [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Income Property Multifamily Construction [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Owner Occupied Construction [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Less: ALLL | 2,220 | 2,604 | 1,923 | 4,413 |
| Owner Occupied Construction [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 74,736 | 87,063 | ||
| Owner Occupied Construction [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 74,148 | 87,063 | ||
| Owner Occupied Construction [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Owner Occupied Construction [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 588 | 0 | ||
| Owner Occupied Construction [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Owner Occupied Construction [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Consumer Portfolio Segment [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Less: ALLL | 5,545 | 5,301 | $ 5,216 | $ 5,163 |
| Consumer Portfolio Segment [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 312,325 | 318,215 | ||
| Consumer Portfolio Segment [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 9,294 | 9,765 | ||
| Consumer Portfolio Segment [Member] | Pass [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 307,950 | 313,817 | ||
| Consumer Portfolio Segment [Member] | Pass [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 8,908 | 9,326 | ||
| Consumer Portfolio Segment [Member] | Special Mention [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Consumer Portfolio Segment [Member] | Special Mention [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Consumer Portfolio Segment [Member] | Substandard [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 4,375 | 4,398 | ||
| Consumer Portfolio Segment [Member] | Substandard [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 386 | 439 | ||
| Consumer Portfolio Segment [Member] | Doubtful [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Consumer Portfolio Segment [Member] | Doubtful [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Consumer Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Loans, Excluding Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | 0 | 0 | ||
| Consumer Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Purchased Credit Impaired Loans [Member] | ||||
| Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
| Loans and Leases Receivable, Gross, Carrying Amount | $ 0 | $ 0 |
Other Real Estate Owned (Summary of Other Real Estate Owned) (Details) - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|
| Other Real Estate Owned [Line Items] | ||
| Balance, beginning of period | $ 6,019 | $ 13,298 |
| Transfers in | 386 | 406 |
| Valuation adjustments | (195) | (92) |
| Proceeds from Sale of OREO Property | 121 | 2,062 |
| Loss on sale of OREO, net | (14) | (43) |
| Total OREO, end of period | 6,075 | $ 11,507 |
| Mortgage Loans in Process of Foreclosure, Amount | 678 | |
| One-to-Four Family Residential [Member] | ||
| Other Real Estate Owned [Line Items] | ||
| Total OREO, end of period | $ 311 | |
Goodwill and Intangible Assets (Schedule of Goodwill and Intangible Assets) (Details) - USD ($) $ in Thousands |
3 Months Ended | |||
|---|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
Dec. 31, 2018 |
Dec. 31, 2017 |
|
| Goodwill and Intangible Assets [Roll Forward] | ||||
| Total goodwill, beginning of period | $ 765,842 | |||
| Total goodwill, end of period | 765,842 | $ 765,842 | ||
| CDI current period amortization | (2,748) | (3,188) | ||
| Indefinite-lived Intangible Assets (Excluding Goodwill) | 919 | 919 | ||
| Other intangible assets, net | 43,189 | 54,985 | $ 45,937 | |
| Total goodwill and intangible assets, end of period | $ 809,031 | 820,827 | ||
| Core Deposits [Member] | ||||
| Goodwill and Intangible Assets [Line Items] | ||||
| Estimated life of CDI, in years | 10 years | |||
| Goodwill and Intangible Assets [Roll Forward] | ||||
| Gross core deposit intangible balance, beginning of period | 105,473 | $ 105,473 | ||
| Accumulated amortization at beginning of period | $ (60,455) | $ (48,219) | ||
| Core deposit intangible, net, beginning of period | $ 45,018 | 57,254 | ||
| CDI current period amortization | (2,748) | (3,188) | ||
| Total core deposit intangible, end of period | $ 42,270 | $ 54,066 | ||
Goodwill and Intangible Assets (Estimated Future Amortization Expense of Core Deposit Intangibles) (Details) $ in Thousands |
Mar. 31, 2019
USD ($)
|
|---|---|
| Future Amortization Expense For Core Deposit Intangibles | |
| 2019 | $ 7,731 |
| 2020 | 8,724 |
| 2021 | 7,264 |
| 2022 | 5,880 |
| 2023 | $ 4,552 |
Subordinated debentures (Details) - USD ($) $ in Millions |
3 Months Ended | |
|---|---|---|
Mar. 31, 2019 |
Nov. 01, 2017 |
|
| Subordinated Borrowing [Line Items] | ||
| Subordinated Borrowing, Interest Rate | 5.875% | |
| Pacific Continental [Member] | ||
| Subordinated Borrowing [Line Items] | ||
| Business Combination, Purchase Price Allocation, Subordinated Debt | $ 35.0 | |
| Subordinated Debt [Member] | ||
| Subordinated Borrowing [Line Items] | ||
| Debt Instrument, Basis Spread on Variable Rate | 4.715% |
Junior subordinated debt (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
Dec. 31, 2017 |
Nov. 01, 2017 |
|
| Junior subordinated debentures [Line Items] | ||||
| Repayments of junior subordinated debt | $ 0 | $ 8,248 | $ 6,200 | |
| Pacific Continental [Member] | ||||
| Junior subordinated debentures [Line Items] | ||||
| Business Combination, Purchase Price Allocation, Junior Subordinated Debentures | $ 14,400 | |||
Derivatives and Balance Sheet Offsetting (Details) - USD ($) $ in Thousands |
3 Months Ended | ||
|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
Dec. 31, 2018 |
|
| Derivative [Line Items] | |||
| Gain (Loss) on Derivative Instruments, Net, Pretax | $ 0 | ||
| Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 23,018 | ||
| Secured Borrowings, Gross, Difference, Amount | 0 | ||
| Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness | 0 | $ 0 | |
| U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||
| Derivative [Line Items] | |||
| Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 23,018 | ||
| Maturity Overnight [Member] | U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||
| Derivative [Line Items] | |||
| Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 23,018 | ||
| Maturity Less than 30 Days [Member] | U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||
| Derivative [Line Items] | |||
| Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 0 | ||
| Maturity 30 to 90 Days [Member] | U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||
| Derivative [Line Items] | |||
| Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 0 | ||
| Maturity Greater than 90 Days [Member] | U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||
| Derivative [Line Items] | |||
| Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 0 | ||
| Not Designated as Hedging Instrument [Member] | Interest Rate Contracts [Member] | |||
| Derivative [Line Items] | |||
| Derivative, Notional Amount | 369,800 | $ 366,700 | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | $ 6 | ||
| Not Designated as Hedging Instrument [Member] | Other Assets [Member] | Interest Rate Contracts [Member] | |||
| Derivative [Line Items] | |||
| Fair value of asset derivative instruments | 8,815 | 7,033 | |
| Not Designated as Hedging Instrument [Member] | Other Liabilities [Member] | Interest Rate Contracts [Member] | |||
| Derivative [Line Items] | |||
| Fair value of liability derivative instruments | 8,815 | 7,033 | |
| Designated as Hedging Instrument [Member] | Interest rate collar [Domain] | |||
| Derivative [Line Items] | |||
| Derivative, Notional Amount | 500,000 | ||
| Designated as Hedging Instrument [Member] | Other Assets [Member] | Interest rate collar [Domain] | |||
| Derivative [Line Items] | |||
| Fair value of asset derivative instruments | 6,268 | 0 | |
| Designated as Hedging Instrument [Member] | Other Liabilities [Member] | Interest rate collar [Domain] | |||
| Derivative [Line Items] | |||
| Fair value of liability derivative instruments | $ 0 | $ 0 | |
Derivatives and Balance Sheet Offsetting Balance Sheet Offsetting (Details) - USD ($) $ in Thousands |
3 Months Ended | ||
|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
Dec. 31, 2018 |
|
| Balance Sheet Offsetting [Line Items] | |||
| Document Period End Date | Mar. 31, 2019 | ||
| Unrealized Gain (Loss) on Interest Rate Cash Flow Hedges, Pretax, Accumulated Other Comprehensive Income (Loss) | $ 6,268 | $ 0 | |
| Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 23,018 | ||
| Repurchase agreements, amounts offset in balance sheet | 0 | $ 0 | |
| Repurchase agreements, net amount presented in statement of financial position | 23,018 | 61,094 | |
| Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Securities | (23,018) | (61,094) | |
| Securities sold under agreements to repurchase, amount not offset | 0 | 0 | |
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax | 0 | $ 0 | |
| Interest Rate Contracts [Member] | |||
| Balance Sheet Offsetting [Line Items] | |||
| Derivative Assets, Gross Amounts Offset in the Balance Sheets | 0 | 0 | |
| Derivative Asset | 8,815 | 7,033 | |
| Derivative, Collateral, Obligation to Return Securities | 0 | 0 | |
| Derivative Asset, Fair Value, Amount Not Offset Against Collateral | 8,815 | 7,033 | |
| Derivative Liability, Gross Amounts Offset in Balance Sheets | 0 | 0 | |
| Derivative Liability | 8,815 | 7,033 | |
| Derivative, Collateral, Right to Reclaim Securities | (5,573) | (3,235) | |
| Derivative Liability, Fair Value, Amount Not Offset Against Collateral | 3,242 | 3,798 | |
| Interest rate collar [Domain] | |||
| Balance Sheet Offsetting [Line Items] | |||
| Derivative Assets, Gross Amounts Offset in the Balance Sheets | 0 | ||
| Derivative Asset | 6,268 | ||
| Derivative, Collateral, Obligation to Return Securities | 0 | ||
| Derivative Asset, Fair Value, Amount Not Offset Against Collateral | 6,268 | ||
| Available-for-sale Securities [Member] | |||
| Balance Sheet Offsetting [Line Items] | |||
| Securities Sold under Agreements to Repurchase, Gross | 23,018 | 61,094 | |
| Not Designated as Hedging Instrument [Member] | Interest Rate Contracts [Member] | Other Assets [Member] | |||
| Balance Sheet Offsetting [Line Items] | |||
| Fair value of asset derivative instruments | 8,815 | 7,033 | |
| Not Designated as Hedging Instrument [Member] | Interest Rate Contracts [Member] | Other Liabilities [Member] | |||
| Balance Sheet Offsetting [Line Items] | |||
| Fair value of liability derivative instruments | 8,815 | 7,033 | |
| Designated as Hedging Instrument [Member] | Interest rate collar [Domain] | Other Assets [Member] | |||
| Balance Sheet Offsetting [Line Items] | |||
| Fair value of asset derivative instruments | 6,268 | 0 | |
| Designated as Hedging Instrument [Member] | Interest rate collar [Domain] | Other Liabilities [Member] | |||
| Balance Sheet Offsetting [Line Items] | |||
| Fair value of liability derivative instruments | 0 | $ 0 | |
| U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||
| Balance Sheet Offsetting [Line Items] | |||
| Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | 23,018 | ||
| Maturity Overnight [Member] | U.S. Government Agency and Government-Sponsored Enterprise Mortgage-Backed Securities and Collateralized Mortgage Obligations [Member] | |||
| Balance Sheet Offsetting [Line Items] | |||
| Secured Borrowings, Gross Including Not Subject to Master Netting Arrangement | $ 23,018 | ||
Commitments and Contingent Liabilities (Details) - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2019 |
Dec. 31, 2018 |
|
| Other Commitments [Line Items] | ||
| Operating Lease, Right-of-Use Asset | $ 48,211 | |
| Operating Lease, Liability | $ 54,246 | |
| Operating Lease, Weighted Average Remaining Lease Term | 7 years 8 months 12 days | |
| Operating Lease, Weighted Average Discount Rate, Percent | 3.20% | |
| Operating Lease, Payments | $ 2,800 | |
| Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | 1,400 | |
| Operating Lease, Cost | 2,820 | |
| Variable Lease, Cost | 506 | |
| Sublease Income | (315) | |
| Lease, Cost | 3,011 | |
| Commitments to Extend Credit [Member] | ||
| Other Commitments [Line Items] | ||
| Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | 2,660,000 | $ 2,620,000 |
| Standby Letters of Credit [Member] | ||
| Other Commitments [Line Items] | ||
| Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | 27,600 | 28,300 |
| Commercial Letter of Credit and other off-balance sheet liabilities [Member] | ||
| Other Commitments [Line Items] | ||
| Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability | $ 0 | $ 0 |
Future minimum payments for operating leases (Details) $ in Thousands |
Mar. 31, 2019
USD ($)
|
|---|---|
| Commitments and Contingencies Disclosure [Abstract] | |
| Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year | $ 8,297 |
| Lessee, Operating Lease, Liability, Payments, Due Year Two | 9,920 |
| Lessee, Operating Lease, Liability, Payments, Due Year Three | 8,883 |
| Lessee, Operating Lease, Liability, Payments, Due Year Four | 8,256 |
| Lessee, Operating Lease, Liability, Payments, Due Year Five | 6,949 |
| Lessee, Operating Lease, Liability, Payments, Due after Year Five | 19,561 |
| Lessee, Operating Lease, Liability, Payments, Due | 61,866 |
| Lessee, Operating Lease, Liability, Undiscounted Excess Amount | 7,620 |
| Operating Lease, Liability | $ 54,246 |
Commitments and Contingent Liabilities Prior disclosed minimum lease payments schedule (Details) $ in Thousands |
Dec. 31, 2018
USD ($)
|
|---|---|
| Leases ASC 840 [Abstract] | |
| Operating Leases, Future Minimum Payments Due, Next Twelve Months | $ 10,947 |
| Operating Leases, Future Minimum Payments, Due in Two Years | 9,766 |
| Operating Leases, Future Minimum Payments, Due in Three Years | 8,729 |
| Operating Leases, Future Minimum Payments, Due in Four Years | 8,102 |
| Operating Leases, Future Minimum Payments, Due in Five Years | 6,796 |
| Operating Leases, Future Minimum Payments, Due Thereafter | 18,703 |
| Operating Leases, Future Minimum Payments Due | $ 63,043 |
Shareholders' Equity (Details) - $ / shares |
Apr. 25, 2019 |
Jan. 24, 2019 |
|---|---|---|
| Subsequent Event [Line Items] | ||
| Common Stock, Special Cash Dividends, Per Share, Declared | $ 0.14 | |
| Declared quarterly cash dividend | $ 0.28 | |
| Subsequent Event [Member] | ||
| Subsequent Event [Line Items] | ||
| Common Stock, Special Cash Dividends, Per Share, Declared | $ 0.14 | |
| Declared quarterly cash dividend | $ 0.28 |
Accumulated Other Comprehensive Income (Changes in AOCI by Component) (Details) - USD ($) $ in Thousands |
3 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
Dec. 31, 2017 |
||||||||
| Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||||||||
| Beginning balance | $ (35,305) | $ (22,225) | ||||||||
| Other comprehensive income before reclassifications | [1] | 36,873 | (26,048) | |||||||
| Amounts reclassified from accumulated other comprehensive loss (2) | [1] | 1,478 | (17) | |||||||
| Net current-period other comprehensive income | [1] | 38,351 | (26,065) | |||||||
| Ending balance | 3,046 | (48,133) | ||||||||
| Unrealized Gains and Losses on Available-for-Sale Debt Securities [Member] | ||||||||||
| Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||||||||
| Beginning balance | (33,128) | (19,779) | ||||||||
| Other comprehensive income before reclassifications | [1] | 32,063 | (26,048) | |||||||
| Amounts reclassified from accumulated other comprehensive loss (2) | 1,417 | [2] | (78) | [1] | ||||||
| Net current-period other comprehensive income | [1] | 33,480 | (26,126) | |||||||
| Ending balance | 352 | (45,748) | ||||||||
| Unrealized Gains and Losses on Pension Plan Liability [Member] | ||||||||||
| Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||||||||
| Beginning balance | (2,177) | (2,446) | ||||||||
| Other comprehensive income before reclassifications | [1] | 0 | 0 | |||||||
| Amounts reclassified from accumulated other comprehensive loss (2) | [1] | 61 | 61 | |||||||
| Net current-period other comprehensive income | [1] | 61 | 61 | |||||||
| Ending balance | (2,116) | (2,385) | ||||||||
| Unrealized gains and losses on cash flow hedge | ||||||||||
| Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||||||||
| Beginning balance | 0 | 0 | ||||||||
| Other comprehensive income before reclassifications | [1] | 4,810 | 0 | |||||||
| Amounts reclassified from accumulated other comprehensive loss (2) | [2] | 0 | 0 | |||||||
| Net current-period other comprehensive income | [1] | 4,810 | 0 | |||||||
| Ending balance | $ 4,810 | $ 0 | ||||||||
| Accounting Standards Update 2016-01 [Member] | ||||||||||
| Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||
| Cumulative Effect of New Accounting Principle in Period of Adoption | $ (46) | |||||||||
| Accounting Standards Update 2016-01 [Member] | Unrealized Gains and Losses on Available-for-Sale Debt Securities [Member] | ||||||||||
| Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||
| Cumulative Effect of New Accounting Principle in Period of Adoption | 157 | |||||||||
| Accounting Standards Update 2016-01 [Member] | Unrealized Gains and Losses on Pension Plan Liability [Member] | ||||||||||
| Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||
| Cumulative Effect of New Accounting Principle in Period of Adoption | 0 | |||||||||
| Accounting Standards Update 2016-01 [Member] | Unrealized gains and losses on cash flow hedge | ||||||||||
| Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||
| Cumulative Effect of New Accounting Principle in Period of Adoption | 0 | |||||||||
| Accounting Standards Update 2016-01 [Member] | Accumulated Other Comprehensive Income [Member] | ||||||||||
| Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||||||||
| Cumulative Effect of New Accounting Principle in Period of Adoption | $ 157 | |||||||||
| ||||||||||
Accumulated Other Comprehensive Income (Reclassification out of AOCI) (Details) - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|
| Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
| Investment securities gains, net | $ 1,847 | $ 22 |
| Total before tax | 56,656 | 46,785 |
| Income tax provision | (10,785) | (6,815) |
| Compensation and employee benefits | 52,085 | 50,570 |
| Net income | 45,871 | 39,970 |
| Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrealized Gains and Losses on Available-for-Sale Debt Securities [Member] | ||
| Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
| Investment securities gains, net | (1,847) | 102 |
| Total before tax | (1,847) | 102 |
| Income tax provision | 430 | (24) |
| Net income | (1,417) | 78 |
| Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrealized Gains and Losses on Pension Plan Liability [Member] | ||
| Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
| Total before tax | (80) | (80) |
| Income tax provision | 19 | 19 |
| Compensation and employee benefits | (80) | (80) |
| Net income | $ (61) | $ (61) |
Fair Value Accounting and Measurement (Financial Assets And Liabilities Accounted for Fair Value On Recurring Basis) (Details) - USD ($) |
Mar. 31, 2019 |
Dec. 31, 2018 |
Mar. 31, 2018 |
|---|---|---|---|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Fair Value, Level 1 to level 2 Transfers, Amount | $ 0 | $ 0 | |
| Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 3,027,270,000 | $ 3,167,448,000 | |
| Other assets (Interest rate contracts) | 8,815,000 | 7,033,000 | |
| Interest Rate Cash Flow Hedge Asset at Fair Value | 6,268,000 | ||
| Other liabilities (Interest rate contracts) | 8,815,000 | 7,033,000 | |
| Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 249,000 | 248,000 | |
| Other assets (Interest rate contracts) | 0 | 0 | |
| Interest Rate Cash Flow Hedge Asset at Fair Value | 0 | ||
| Other liabilities (Interest rate contracts) | 0 | 0 | |
| Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 3,027,021,000 | 3,167,200,000 | |
| Other assets (Interest rate contracts) | 8,815,000 | 7,033,000 | |
| Interest Rate Cash Flow Hedge Asset at Fair Value | 6,268,000 | ||
| Other liabilities (Interest rate contracts) | 8,815,000 | 7,033,000 | |
| Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 0 | 0 | |
| Other assets (Interest rate contracts) | 0 | 0 | |
| Interest Rate Cash Flow Hedge Asset at Fair Value | 0 | ||
| Other liabilities (Interest rate contracts) | 0 | 0 | |
| U.S. Government Agency and Sponsored Enterprise Mortgage-Back Securities and Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 2,155,614,000 | 2,188,290,000 | |
| U.S. Government Agency and Sponsored Enterprise Mortgage-Back Securities and Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 0 | 0 | |
| U.S. Government Agency and Sponsored Enterprise Mortgage-Back Securities and Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 2,155,614,000 | 2,188,290,000 | |
| U.S. Government Agency and Sponsored Enterprise Mortgage-Back Securities and Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 0 | 0 | |
| State and Municipal Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 536,490,000 | 574,323,000 | |
| State and Municipal Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 0 | 0 | |
| State and Municipal Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 536,490,000 | 574,323,000 | |
| State and Municipal Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 0 | 0 | |
| U.S. Government Agency [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 334,917,000 | 404,587,000 | |
| U.S. Government Agency [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 0 | 0 | |
| U.S. Government Agency [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 334,917,000 | 404,587,000 | |
| U.S. Government Agency [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 0 | 0 | |
| US Government Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 249,000 | 248,000 | |
| US Government Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 249,000 | 248,000 | |
| US Government Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | 0 | 0 | |
| US Government Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | |||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
| Debt securities available for sale | $ 0 | $ 0 |
Fair Value Accounting and Measurement (Financial Assets Accounted For Fair Value On Nonrecurring Basis) (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Impaired loans | $ 3,840 | $ 7,820 |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | 2,792 | 5,109 |
| Other Real Estate Owned, Fair Value Disclosure | 530 | 160 |
| Assets, Fair Value Disclosure | 4,370 | 7,980 |
| Fair Value, Inputs, Level 1 [Member] | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Impaired loans | 0 | 0 |
| Other Real Estate Owned, Fair Value Disclosure | 0 | 0 |
| Assets, Fair Value Disclosure | 0 | 0 |
| Fair Value, Inputs, Level 2 [Member] | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Impaired loans | 0 | 0 |
| Other Real Estate Owned, Fair Value Disclosure | 0 | 0 |
| Assets, Fair Value Disclosure | 0 | 0 |
| Fair Value, Inputs, Level 3 [Member] | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Impaired loans | 3,840 | 7,820 |
| Other Real Estate Owned, Fair Value Disclosure | 530 | 160 |
| Assets, Fair Value Disclosure | 4,370 | 7,980 |
| Impaired Loans [Member] | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | 2,597 | 5,058 |
| Other Real Estate Owned [Member] | ||
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | $ 195 | $ 51 |
Fair Value Accounting and Measurement (Quantitative Information About Level 3 Fair Value Measurements) (Details) |
Mar. 31, 2019
USD ($)
|
Mar. 31, 2018
USD ($)
|
|---|---|---|
| Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
| Fair Value, Level 1 to level 2 Transfers, Amount | $ 0 | $ 0 |
| Fair Value, Measurements, Nonrecurring [Member] | ||
| Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
| Impaired loans | 3,840,000 | 7,820,000 |
| Other Real Estate Owned, Fair Value Disclosure | 530,000 | 160,000 |
| Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
| Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
| Impaired loans | 3,840,000 | 7,820,000 |
| Other Real Estate Owned, Fair Value Disclosure | 530,000 | 160,000 |
| Collateral Pledged [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
| Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
| Impaired loans | $ 3,840,000 | $ 7,512,000 |
| Collateral Pledged [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
| Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
| Impaired Loans, Measurement Input | 0.0000 | 0.0000 |
| Collateral Pledged [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
| Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
| Impaired Loans, Measurement Input | 1.0000 | 1.0000 |
| Collateral Pledged [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
| Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
| Impaired Loans, Measurement Input | 0.4453 | 0.4133 |
| Uncollateralized [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
| Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
| Impaired loans | $ 308,000 | |
| Uncollateralized [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
| Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
| Impaired Loans, Measurement Input | 0.0600 | |
| Uncollateralized [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
| Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
| Impaired Loans, Measurement Input | 0.0600 | |
| Uncollateralized [Member] | Valuation, Market Approach [Member] | Impaired Loans [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
| Fair Value Inputs, Assets, Quantitative Information [Line Items] (Deprecated 2018-01-31) | ||
| Impaired Loans, Measurement Input | 0.0600 |
Fair Value Accounting and Measurement (Carrying Amounts and Estimated Fair Values of Selected Financial Instruments) (Details) - USD ($) $ in Thousands |
Mar. 31, 2019 |
Dec. 31, 2018 |
|---|---|---|
| Assets | ||
| Interest-earning deposits with banks | $ 33,482 | $ 17,407 |
| Debt securities available for sale | 3,027,270 | 3,167,448 |
| Estimate of Fair Value Measurement [Member] | ||
| Assets | ||
| Cash and due from banks | 178,591 | 260,180 |
| Interest-earning deposits with banks | 33,482 | 17,407 |
| Debt securities available for sale | 3,027,270 | 3,167,448 |
| FHLB stock | 25,960 | 25,960 |
| Loans held for sale | 4,017 | 3,849 |
| Loans | 8,541,649 | 8,316,946 |
| Interest rate contracts | 8,815 | 7,033 |
| Interest Rate Cash Flow Hedge Asset at Fair Value | 6,268 | |
| Liabilities | ||
| Deposits | 406,652 | 407,659 |
| FHLB Advances | 390,988 | 400,085 |
| Repurchase agreements | 23,018 | 61,094 |
| Subordinated Debt Obligations, Fair Value Disclosure | 36,053 | 34,897 |
| Interest rate contracts | 8,815 | 7,033 |
| Reported Value Measurement [Member] | ||
| Assets | ||
| Cash and due from banks | 178,591 | 260,180 |
| Interest-earning deposits with banks | 33,482 | 17,407 |
| Debt securities available for sale | 3,027,270 | 3,167,448 |
| FHLB stock | 25,600 | 25,960 |
| Loans held for sale | 4,017 | 3,849 |
| Loans | 8,437,524 | 8,308,142 |
| Interest rate contracts | 8,815 | 7,033 |
| Interest Rate Cash Flow Hedge Asset at Fair Value | 6,268 | |
| Liabilities | ||
| Deposits | 411,945 | 414,443 |
| FHLB Advances | 390,510 | 399,523 |
| Repurchase agreements | 23,018 | 61,094 |
| Subordinated Debt Obligations, Fair Value Disclosure | 35,416 | 35,462 |
| Interest rate contracts | 8,815 | 7,033 |
| Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
| Assets | ||
| Cash and due from banks | 178,591 | 260,180 |
| Interest-earning deposits with banks | 33,482 | 17,407 |
| Debt securities available for sale | 249 | 248 |
| FHLB stock | 0 | 0 |
| Loans held for sale | 0 | 0 |
| Loans | 0 | 0 |
| Interest rate contracts | 0 | 0 |
| Interest Rate Cash Flow Hedge Asset at Fair Value | 0 | |
| Liabilities | ||
| Deposits | 0 | 0 |
| FHLB Advances | 0 | 0 |
| Repurchase agreements | 0 | 0 |
| Subordinated Debt Obligations, Fair Value Disclosure | 0 | 0 |
| Interest rate contracts | 0 | 0 |
| Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
| Assets | ||
| Cash and due from banks | 0 | 0 |
| Interest-earning deposits with banks | 0 | 0 |
| Debt securities available for sale | 3,027,021 | 3,167,200 |
| FHLB stock | 25,960 | 25,960 |
| Loans held for sale | 4,017 | 3,849 |
| Loans | 0 | 0 |
| Interest rate contracts | 8,815 | 7,033 |
| Interest Rate Cash Flow Hedge Asset at Fair Value | 6,268 | |
| Liabilities | ||
| Deposits | 406,652 | 407,659 |
| FHLB Advances | 390,988 | 400,085 |
| Repurchase agreements | 23,018 | 61,094 |
| Subordinated Debt Obligations, Fair Value Disclosure | 36,053 | 34,897 |
| Interest rate contracts | 8,815 | 7,033 |
| Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
| Assets | ||
| Cash and due from banks | 0 | 0 |
| Interest-earning deposits with banks | 0 | 0 |
| Debt securities available for sale | 0 | 0 |
| FHLB stock | 0 | 0 |
| Loans held for sale | 0 | 0 |
| Loans | 8,541,649 | 8,316,946 |
| Interest rate contracts | 0 | 0 |
| Interest Rate Cash Flow Hedge Asset at Fair Value | 0 | |
| Liabilities | ||
| Deposits | 0 | 0 |
| FHLB Advances | 0 | 0 |
| Repurchase agreements | 0 | 0 |
| Subordinated Debt Obligations, Fair Value Disclosure | 0 | 0 |
| Interest rate contracts | $ 0 | $ 0 |
Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|
| Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items] | ||
| Net Income | $ 45,871 | $ 39,970 |
| Earnings allocated to participating securities - nonvested restricted shares | 456 | 437 |
| Earnings allocated to common shareholders, Basic | $ 45,415 | $ 39,533 |
| Weighted average common shares outstanding | 72,521 | 72,300 |
| Basic earnings per common share | $ 0.63 | $ 0.55 |
| Earnings allocated to common shareholders, Diluted | $ 45,415 | $ 39,533 |
| Dilutive effect of equity awards and warrants | 3 | 5 |
| Weighted average diluted common shares outstanding | 72,524 | 72,305 |
| Diluted earnings per common share | $ 0.63 | $ 0.55 |
| Potentially dilutive share options that were not included in the computation of diluted EPS because to do so would be anti-dilutive. | 0 | 12 |
Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Mar. 31, 2019 |
Mar. 31, 2018 |
|
| Revenue from Contract with Customer [Abstract] | ||
| Deposit account and treasury management fees | $ 8,980 | $ 8,740 |
| Card revenue | 3,662 | 5,813 |
| Financial services and trust revenue | 2,957 | 2,730 |
| Revenue from contracts with customers | 15,599 | 17,283 |
| Noninterest income, excluding revenue from contracts with customers | 6,097 | 5,860 |
| Noninterest Income | $ 21,696 | $ 23,143 |