Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2019 | Jul. 31, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | MERCANTILE BANK CORPORATION | |
Entity Central Index Key | 0001042729 | |
Trading Symbol | mbwm | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Entity Common Stock, Shares Outstanding (in shares) | 16,424,433 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Title of 12(b) Security | Common Stock |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
ASSETS | ||
Cash and due from banks | $ 57,675,000 | $ 64,872,000 |
Interest-earning deposits | 92,750,000 | 10,482,000 |
Total cash and cash equivalents | 150,425,000 | 75,354,000 |
Securities available for sale | 347,924,000 | 337,366,000 |
Federal Home Loan Bank stock | 18,002,000 | 16,022,000 |
Loans | 2,881,493,000 | 2,753,085,000 |
Allowance for loan losses | (24,053,000) | (22,380,000) |
Loans, net | 2,857,440,000 | 2,730,705,000 |
Premises and equipment, net | 51,823,000 | 48,321,000 |
Bank owned life insurance | 67,678,000 | 69,647,000 |
Goodwill | 49,473,000 | 49,473,000 |
Core deposit intangible, net | 4,634,000 | 5,561,000 |
Other assets | 28,740,000 | 31,458,000 |
Total assets | 3,576,139,000 | 3,363,907,000 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Noninterest-bearing | 918,581,000 | 889,784,000 |
Interest-bearing | 1,700,628,000 | 1,573,924,000 |
Total deposits | 2,619,209,000 | 2,463,708,000 |
Securities sold under agreements to repurchase | 119,669,000 | 103,519,000 |
Federal Home Loan Bank advances | 374,000,000 | 350,000,000 |
Subordinated debentures | 46,540,000 | 46,199,000 |
Accrued interest and other liabilities | 16,604,000 | 25,232,000 |
Total liabilities | 3,176,022,000 | 2,988,658,000 |
Commitments and contingent liabilities (Note 8) | ||
Shareholders' equity | ||
Preferred stock, no par value; 1,000,000 shares authorized; none issued | 0 | 0 |
Common stock, no par value; 40,000,000 shares authorized; 16,440,356 shares issued and outstanding at June 30, 2019 and 16,534,256 shares issued and outstanding at December 31, 2018 | 306,669,000 | 308,005,000 |
Retained earnings | 90,618,000 | 75,483,000 |
Accumulated other comprehensive gain/(loss) | 2,830,000 | (8,239,000) |
Total shareholders’ equity | 400,117,000 | 375,249,000 |
Total liabilities and shareholders’ equity | $ 3,576,139,000 | $ 3,363,907,000 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Preferred stock, par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 40,000,000 | 40,000,000 |
Common stock, shares outstanding (in shares) | 16,440,356 | 16,534,256 |
Common stock, shares issued (in shares) | 16,440,356 | 16,534,256 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Interest income | ||||
Loans, including fees | $ 36,765,000 | $ 31,855,000 | $ 72,555,000 | $ 64,170,000 |
Securities, taxable | 1,945,000 | 1,618,000 | 3,825,000 | 3,220,000 |
Securities, tax-exempt | 540,000 | 559,000 | 1,101,000 | 1,153,000 |
Other interest-earning assets | 569,000 | 287,000 | 976,000 | 757,000 |
Total interest income | 39,819,000 | 34,319,000 | 78,457,000 | 69,300,000 |
Interest expense | ||||
Deposits | 5,529,000 | 3,262,000 | 10,334,000 | 6,347,000 |
Short-term borrowings | 68,000 | 61,000 | 173,000 | 118,000 |
Federal Home Loan Bank advances | 2,261,000 | 988,000 | 4,494,000 | 1,933,000 |
Subordinated debentures and other borrowings | 845,000 | 783,000 | 1,695,000 | 1,478,000 |
Total interest expense | 8,703,000 | 5,094,000 | 16,696,000 | 9,876,000 |
Net interest income | 31,116,000 | 29,225,000 | 61,761,000 | 59,424,000 |
Provision for loan losses | 900,000 | 700,000 | 1,750,000 | 700,000 |
Net interest income after provision for loan losses | 30,216,000 | 28,525,000 | 60,011,000 | 58,724,000 |
Noninterest income: | ||||
Earnings on bank owned life insurance | 1,608,000 | 321,000 | 3,238,000 | 652,000 |
Payroll services income | 355,000 | 317,000 | 860,000 | 800,000 |
Other income | 370,000 | 504,000 | 1,397,000 | 891,000 |
Total noninterest income | 6,334,000 | 4,550,000 | 12,967,000 | 8,931,000 |
Noninterest expense | ||||
Salaries and benefits | 13,286,000 | 12,757,000 | 26,302,000 | 25,094,000 |
Occupancy | 1,629,000 | 1,629,000 | 3,391,000 | 3,401,000 |
Furniture and equipment depreciation, rent and maintenance | 621,000 | 582,000 | 1,257,000 | 1,130,000 |
Data processing costs | 2,295,000 | 2,137,000 | 4,511,000 | 4,265,000 |
Other expense | 4,256,000 | 4,309,000 | 8,456,000 | 8,671,000 |
Total noninterest expenses | 22,087,000 | 21,414,000 | 43,917,000 | 42,561,000 |
Income before federal income tax expense | 14,463,000 | 11,661,000 | 29,061,000 | 25,094,000 |
Federal income tax expense | 2,748,000 | 2,215,000 | 5,522,000 | 4,767,000 |
Net income | $ 11,715,000 | $ 9,446,000 | $ 23,539,000 | $ 20,327,000 |
Basic earnings per share (in dollars per share) | $ 0.71 | $ 0.57 | $ 1.43 | $ 1.22 |
Diluted earnings per share (in dollars per share) | 0.71 | 0.57 | 1.43 | 1.22 |
Cash dividends per common share (in dollars per share) | $ 0.26 | $ 0.22 | $ 0.52 | $ 0.44 |
Average basic shares outstanding (in shares) | 16,428,187 | 16,601,400 | 16,428,875 | 16,598,274 |
Average diluted shares outstanding (in shares) | 16,434,714 | 16,610,819 | 16,434,941 | 16,607,593 |
Deposit Account [Member] | ||||
Noninterest income: | ||||
Noninterest income | $ 1,143,000 | $ 1,079,000 | $ 2,220,000 | $ 2,132,000 |
Credit and Debit Card [Member] | ||||
Noninterest income: | ||||
Noninterest income | 1,513,000 | 1,334,000 | 2,850,000 | 2,577,000 |
Mortgage Banking [Member] | ||||
Noninterest income: | ||||
Noninterest income | $ 1,345,000 | $ 995,000 | $ 2,402,000 | $ 1,879,000 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Net income | $ 11,715,000 | $ 9,446,000 | $ 23,539,000 | $ 20,327,000 |
Other comprehensive income (loss): | ||||
Unrealized holding gains (losses) on securities available for sale | 9,562,000 | (432,000) | 14,011,000 | (7,574,000) |
Fair value of interest rate swap | 0 | 0 | 0 | 2,000 |
Total other comprehensive income (loss) | 9,562,000 | (432,000) | 14,011,000 | (7,572,000) |
Tax effect of unrealized holding gains (losses) on securities available for sale | (2,008,000) | 49,000 | (2,942,000) | 1,549,000 |
Tax effect of fair value of interest rate swap | 0 | 0 | 0 | (1,000) |
Total tax effect of other comprehensive income | (2,008,000) | 49,000 | (2,942,000) | 1,548,000 |
Other comprehensive income (loss), net of tax | 7,554,000 | (383,000) | 11,069,000 | (6,024,000) |
Comprehensive income | $ 19,269,000 | $ 9,063,000 | $ 34,608,000 | $ 14,303,000 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) | Preferred Stock [Member] | Common Stock Including Additional Paid in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balances at Dec. 31, 2017 | $ 0 | $ 309,772,000 | $ 61,001,000 | $ (4,903,000) | $ 365,870,000 |
Employee stock purchase plan | 26,000 | 26,000 | |||
Dividend reinvestment plan | 328,000 | 328,000 | |||
Stock option exercises | 55,000 | 55,000 | |||
Stock grants to directors for retainer fees | 403,000 | 403,000 | |||
Stock-based compensation expense | 1,136,000 | 1,136,000 | |||
Cash dividends | (7,202,000) | (7,202,000) | |||
Net income | 20,327,000 | 20,327,000 | |||
Change in net unrealized holding gain/(loss) on securities available for sale, net of tax effect | (6,025,000) | (6,025,000) | |||
Reclassification of equity securities related to ASU 2016-01 adoption | (42,000) | 42,000 | 0 | ||
Change in fair value of interest rate swap, net of tax effect | 1,000 | 1,000 | |||
Balances at Jun. 30, 2018 | 0 | 311,720,000 | 74,084,000 | (10,885,000) | 374,919,000 |
Balances at Mar. 31, 2018 | 0 | 310,601,000 | 68,241,000 | (10,502,000) | 368,340,000 |
Employee stock purchase plan | 12,000 | 12,000 | |||
Dividend reinvestment plan | 164,000 | 164,000 | |||
Stock grants to directors for retainer fees | 403,000 | 403,000 | |||
Stock-based compensation expense | 540,000 | 540,000 | |||
Cash dividends | (3,603,000) | (3,603,000) | |||
Net income | 9,446,000 | 9,446,000 | |||
Change in net unrealized holding gain/(loss) on securities available for sale, net of tax effect | (383,000) | (383,000) | |||
Balances at Jun. 30, 2018 | 0 | 311,720,000 | 74,084,000 | (10,885,000) | 374,919,000 |
Balances at Dec. 31, 2018 | 0 | 308,005,000 | 75,483,000 | (8,239,000) | 375,249,000 |
Employee stock purchase plan | 26,000 | 26,000 | |||
Dividend reinvestment plan | 361,000 | 361,000 | |||
Stock option exercises | 16,000 | 16,000 | |||
Stock grants to directors for retainer fees | 374,000 | 374,000 | |||
Stock-based compensation expense | 1,488,000 | 1,488,000 | |||
Cash dividends | (8,404,000) | (8,404,000) | |||
Net income | 23,539,000 | 23,539,000 | |||
Change in net unrealized holding gain/(loss) on securities available for sale, net of tax effect | 11,069,000 | 11,069,000 | |||
Share repurchase program | (3,601,000) | (3,601,000) | |||
Balances at Jun. 30, 2019 | 0 | 306,669,000 | 90,618,000 | 2,830,000 | 400,117,000 |
Balances at Mar. 31, 2019 | 0 | 305,346,000 | 83,107,000 | (4,724,000) | 383,729,000 |
Employee stock purchase plan | 12,000 | 12,000 | |||
Dividend reinvestment plan | 179,000 | 179,000 | |||
Stock option exercises | 14,000 | 14,000 | |||
Stock grants to directors for retainer fees | 374,000 | 374,000 | |||
Stock-based compensation expense | 744,000 | 744,000 | |||
Cash dividends | (4,204,000) | (4,204,000) | |||
Net income | 11,715,000 | 11,715,000 | |||
Change in net unrealized holding gain/(loss) on securities available for sale, net of tax effect | 7,554,000 | 7,554,000 | |||
Balances at Jun. 30, 2019 | $ 0 | $ 306,669,000 | $ 90,618,000 | $ 2,830,000 | $ 400,117,000 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Common Stock Including Additional Paid in Capital [Member] | ||||
Employee stock purchase plan (in shares) | 383 | 329 | 799 | 755 |
Dividend reinvestment plan (in shares) | 5,522 | 4,439 | 10,947 | 9,063 |
Stock option exercises (in shares) | 2,000 | 2,500 | 7,000 | |
Stock grants to directors (in shares) | 11,905 | 11,171 | 11,905 | 11,171 |
Share repurchase program (in shares) | 119,120 | |||
Retained Earnings [Member] | ||||
Cash dividends per common share (in dollars per share) | $ 0.26 | $ 0.22 | $ 0.52 | $ 0.44 |
Cash dividends per common share (in dollars per share) | $ 0.26 | $ 0.22 | $ 0.52 | $ 0.44 |
Condensed Consolidated Statem_5
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Cash flows from operating activities | ||
Net income | $ 23,539,000 | $ 20,327,000 |
Adjustments to reconcile net income to net cash from operating activities | ||
Depreciation and amortization | 4,723,000 | 4,928,000 |
Accretion of acquired loans | (314,000) | (868,000) |
Provision for loan losses | 1,750,000 | 700,000 |
Stock-based compensation expense | 1,488,000 | 1,136,000 |
Stock grants to directors for retainer fee | 374,000 | 403,000 |
Proceeds from sales of mortgage loans held for sale | 67,859,000 | 44,586,000 |
Origination of mortgage loans held for sale | (69,107,000) | (43,509,000) |
Net gain from sales of mortgage loans held for sale | (2,129,000) | (1,587,000) |
Net gain from sales and valuation write-downs of foreclosed assets | (31,000) | (126,000) |
Net gain from sales and valuation write-downs of former bank premises | (558,000) | (78,000) |
Net loss from sales and write-downs of fixed assets | 1,000 | 55,000 |
Earnings on bank owned life insurance | (3,238,000) | (652,000) |
Net change in: | ||
Accrued interest receivable | (534,000) | (490,000) |
Other assets | (1,278,000) | (2,629,000) |
Accrued interest payable and other liabilities | (8,628,000) | (843,000) |
Net cash from operating activities | 13,917,000 | 21,353,000 |
Cash flows from investing activities | ||
Loan originations and payments, net | (124,964,000) | (76,457,000) |
Purchases of securities available for sale | (24,182,000) | (31,122,000) |
Proceeds from maturities, calls and repayments of securities available for sale | 27,258,000 | 26,069,000 |
Proceeds from sales of foreclosed assets | 270,000 | 451,000 |
Proceeds from sales of former bank premises | 854,000 | 1,964,000 |
Purchases of Federal Home Loan Bank stock | (1,980,000) | 0 |
Purchases of bank owned life insurance | (2,500,000) | 0 |
Proceeds from bank owned life insurance cash value release and death benefits | 7,708,000 | 0 |
Net purchases of premises and equipment | (5,359,000) | (3,097,000) |
Net cash for investing activities | (122,895,000) | (82,192,000) |
Cash flows from financing activities | ||
Net increase (decrease) in time deposits | 175,869,000 | (42,376,000) |
Net increase (decrease) in all other deposits | (20,368,000) | 49,822,000 |
Net increase (decrease) in securities sold under agreements to repurchase | 16,150,000 | (24,175,000) |
Maturities of Federal Home Loan Bank advances | (20,000,000) | (30,000,000) |
Proceeds from Federal Home Loan Bank advances | 44,000,000 | 40,000,000 |
Proceeds from stock option exercises | 16,000 | 55,000 |
Employee stock purchase plan | 26,000 | 26,000 |
Dividend reinvestment plan | 361,000 | 328,000 |
Repurchases of common stock shares | (3,601,000) | 0 |
Payment of cash dividends to common shareholders | (8,404,000) | (7,202,000) |
Net cash from (for) financing activities | 184,049,000 | (13,522,000) |
Net change in cash and cash equivalents | 75,071,000 | (74,361,000) |
Cash and cash equivalents at beginning of period | 75,354,000 | 200,101,000 |
Cash and cash equivalents at end of period | 150,425,000 | 125,740,000 |
Supplemental disclosures of cash flows information | ||
Interest | 14,956,000 | 9,942,000 |
Federal income tax | 6,275,000 | 5,450,000 |
Transfers from loans to foreclosed assets | 170,000 | 497,000 |
Transfers from bank premises to other real estate owned | $ 0 | $ 296,000 |
Note 1 - Significant Accounting
Note 1 - Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 1. SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation : The unaudited financial statements for the six months ended June 30, 2019 include the consolidated results of operations of Mercantile Bank Corporation and its consolidated subsidiaries. These subsidiaries include Mercantile Bank of Michigan (“our bank”) and our bank’s two subsidiaries, Mercantile Bank Real Estate Co., LLC and Mercantile Insurance Center, Inc. These consolidated financial statements have been prepared in accordance with the instructions for Form 10 -Q and Item 303 (b) of Regulation S-K and do not include all disclosures required by accounting principles generally accepted in the United States of America for a complete presentation of our financial condition and results of operations. In the opinion of management, the information reflects all adjustments (consisting only of normal recurring adjustments) which are necessary in order to make the financial statements not misleading and for a fair presentation of the results of operations for such periods. The results for the period ended June 30, 2019 should not be considered as indicative of results for a full year. For further information, refer to the consolidated financial statements and footnotes included in our annual report on Form 10 -K for the year ended December 31, 2018. We have five separate business trusts that were formed to issue trust preferred securities. Subordinated debentures were issued to the trusts in return for the proceeds raised from the issuance of the trust preferred securities. The trusts are not consolidated, but instead we report the subordinated debentures issued to the trusts as a liability. Earnings Per Share : Basic earnings per share is based on the weighted average number of common shares and participating securities outstanding during the period. Diluted earnings per share include the dilutive effect of additional potential common shares issuable under our stock-based compensation plans and are determined using the treasury stock method. Our unvested restricted shares, which contain non-forfeitable rights to dividends whether paid or accrued (i.e., participating securities), are included in the number of shares outstanding for both basic and diluted earnings per share calculations. In the event of a net loss, our unvested restricted shares are excluded from the calculation of both basic and diluted earnings per share. Approximately 261,000 unvested restricted shares were included in determining both basic and diluted earnings per share for the three and six months ended June 30, 2019. In addition, stock options for approximately 10,000 shares of common stock were included in determining diluted earnings per share for the three and six months ended June 30, 2019. Stock options for approximately 7,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three and six months ended June 30, 2019. Approximately 234,000 unvested restricted shares were included in determining both basic and diluted earnings per share for the three and six months ended June 30, 2018. In addition, stock options for approximately 17,000 shares of common stock were included in determining diluted earnings per share for the three and six months ended June 30, 2018. Stock options for approximately 7,000 shares of common stock were antidilutive and not included in determining diluted earnings per share for the three and six months ended June 30, 2018. Securities : Debt securities classified as held to maturity are carried at amortized cost when management has the positive intent and ability to hold them to maturity. Debt securities are classified as available for sale when they might be sold prior to maturity. Securities available for sale are carried at fair value, with unrealized holding gains and losses reported in other comprehensive income, net of tax. Federal Home Loan Bank stock is carried at cost. Interest income includes amortization of purchase premiums and accretion of discounts. Premiums and discounts on securities are amortized or accreted on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Declines in the fair value of debt securities below their amortized cost that are other-than-temporary impairment (“OTTI”) are reflected in earnings or other comprehensive income, as appropriate. For those debt securities whose fair value is less than their amortized cost, we consider our intent to sell the security, whether it is more likely than not that we will be required to sell the security before recovery and whether we expect to recover the entire amortized cost of the security based on our assessment of the issuer’s financial condition. In analyzing an issuer’s financial condition, we consider whether the securities are issued by the federal government or its agencies, and whether downgrades by bond rating agencies have occurred. If either of the criteria regarding intent or requirement to sell is met, the entire difference between amortized cost and fair value is recognized as impairment through earnings. For debt securities that do not meet the aforementioned criteria, the amount of impairment is split into two components as follows: 1 ) OTTI related to credit loss, which must be recognized in the income statement, and 2 ) OTTI related to other factors, such as liquidity conditions in the market or changes in market interest rates, which is recognized in other comprehensive income. The credit loss is defined as the difference between the present value of the cash flows expected to be collected and the amortized cost. Loans : Loans that we have the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of deferred loan fees and costs and an allowance for loan losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments. Interest income on commercial loans and mortgage loans is discontinued at the time the loan is 90 days delinquent unless the loan is well-secured and in process of collection. Consumer and credit card loans are typically charged off no later than when they are 120 days past due. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal and interest is considered doubtful. All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Loans Held for Sale : Mortgage loans originated and intended for sale in the secondary market are carried at the lower of aggregate cost or market, as determined by outstanding commitments from investors. Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings. As of June 30, 2019 and December 31, 2018, we determined that the fair value of our mortgage loans held for sale approximated the recorded cost of $4.5 million and $1.1 million, respectively. Loans held for sale are reported as part of our total loans on the balance sheet. Mortgage loans held for sale are generally sold with servicing rights retained. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold, which is reduced by the cost allocated to the servicing right. We generally lock in the sale price to the purchaser of the loan at the same time we make an interest rate commitment to the borrower. These mortgage banking activities are not designated as hedges and are carried at fair value. The net gain or loss on mortgage banking derivatives is included in the gain on sale of loans. Mortgage loans serviced for others totaled approximately $629 million as of June 30, 2019. Mortgage Banking Activities : Mortgage loan servicing rights are recognized as assets based on the allocated value of retained servicing rights on mortgage loans sold. Mortgage loan servicing rights are carried at the lower of amortized cost or fair value and are expensed in proportion to, and over the period of, estimated net servicing revenues. Impairment is evaluated based on the fair value of the rights using groupings of the underlying mortgage loans as to interest rates. Any impairment of a grouping is reported as a valuation allowance. Servicing fee income is recorded for fees earned for servicing mortgage loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. Amortization of mortgage loan servicing rights is netted against mortgage loan servicing income and recorded in mortgage banking activities in the income statement. Troubled Debt Restructurings : A loan is accounted for as a troubled debt restructuring if we, for economic or legal reasons, grant a concession to a borrower considered to be experiencing financial difficulties that we would not otherwise consider. A troubled debt restructuring may involve the receipt of assets from the debtor in partial or full satisfaction of the loan, or a modification of terms such as a reduction of the stated interest rate or balance of the loan, a reduction of accrued interest, an extension of the maturity date or renewal of the loan at a stated interest rate lower than the current market rate for a new loan with similar risk, or some combination of these concessions. Troubled debt restructurings can be in either accrual or nonaccrual status. Nonaccrual troubled debt restructurings are included in nonperforming loans. Accruing troubled debt restructurings are generally excluded from nonperforming loans as it is considered probable that all contractual principal and interest due under the restructured terms will be collected. In accordance with current accounting guidance, loans modified as troubled debt restructurings are, by definition, considered to be impaired loans. Impairment for these loans is measured on a loan-by-loan basis similar to other impaired loans as described below under “Allowance for Loan Losses.” Certain loans modified as troubled debt restructurings may have been previously measured for impairment under a general allowance methodology (i.e., pooling), thus at the time the loan is modified as a troubled debt restructuring the allowance will be impacted by the difference between the results of these two measurement methodologies. Loans modified as troubled debt restructurings that subsequently default are factored into the determination of the allowance in the same manner as other defaulted loans. Allowance for Loan Losses : The allowance for loan losses (“allowance”) is a valuation allowance for probable incurred credit losses. Loan losses are charged against the allowance when we believe the uncollectability of a loan is confirmed. Subsequent recoveries, if any, are credited to the allowance. We estimate the allowance balance required using past loan loss experience, the nature and volume of the portfolio, information about specific borrower situations and estimated collateral values, economic conditions and other factors. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan that, in our judgment, should be charged-off. A loan is considered to be impaired when, based on current information and events, it is probable we will be unable to collect the scheduled payments of principal and interest when due according to the contractual terms of the loan agreement. Factors considered in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. We determine the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of delay, the reasons for delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of collateral if the loan is collateral dependent. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Derivatives : Derivative financial instruments are recognized as assets or liabilities at fair value. The accounting for changes in the fair value of derivatives depends on the use of the derivatives and whether the derivatives qualify for hedge accounting. Used as part of our asset and liability management to help manage interest rate risk, our derivatives have generally consisted of interest rate swap agreements that qualified for hedge accounting. We do not use derivatives for trading purposes. Changes in the fair value of derivatives that are designated, for accounting purposes, as a hedge of the variability of cash flows to be received on various assets and liabilities and are effective are reported in other comprehensive income. They are later reclassified into earnings in the same periods during which the hedged transaction affects earnings and are included in the line item in which the hedged cash flows are recorded. If hedge accounting does not apply, changes in the fair value of derivatives are recognized immediately in current earnings as interest income or expense. If designated as a hedge, we formally document the relationship between the derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions. This documentation includes linking cash flow hedges to specific assets and liabilities on the balance sheet. If designated as a hedge, we also formally assess, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in cash flows of the hedged items. Ineffective hedge gains and losses are recognized immediately in current earnings as noninterest income or expense. We discontinue hedge accounting when we determine the derivative is no longer effective in offsetting changes in the cash flows of the hedged item, the derivative is settled or terminates, or treatment of the derivative as a hedge is no longer appropriate or intended. Goodwill and Core Deposit Intangible : Goodwill results from business acquisitions and represents the excess of the purchase price over the fair value of acquired tangible assets and liabilities and identifiable intangible assets. Goodwill is assessed at least annually for impairment and any such impairment is recognized in the period identified. A more frequent assessment is performed should events or changes in circumstances indicate the carrying value of the goodwill may not be recoverable. We may elect to perform a qualitative assessment for the annual impairment test. If the qualitative assessment indicates it is more likely than not that the fair value of a reporting unit is less than its carrying amount, or if we elect not to perform a qualitative assessment, then we would be required to perform a quantitative test for goodwill impairment. If the estimated fair value of the reporting unit is less than the carrying value, goodwill is impaired and is written down to its estimated fair value. In 2017 and 2018, we elected to perform a qualitative assessment for our annual impairment test and concluded it is more likely than not our fair value was greater than its carrying amount; therefore, no further testing was required. The core deposit intangible that arose from the Firstbank Corporation acquisition was initially measured at fair value and is being amortized into noninterest expense over a ten -year period using the sum-of-the-years-digits methodology. Revenue from Contracts with Customers : We record revenue from contracts with customers in accordance with Accounting Standards Codification Topic 606, “Revenue from Contracts with Customers” (“Topic 606” ). Under Topic 606, we must identify the contract with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when (or as) we satisfy a performance obligation. Significant revenue has not been recognized in the current reporting period that results from performance obligations satisfied in previous periods. Our primary sources of revenue are derived from interest and dividends earned on loans, securities and other financial instruments that are not within the scope of Topic 606. We have evaluated the nature of our contracts with customers and determined that further disaggregation of revenue from contracts with customers into more granular categories beyond what is presented in the Condensed Consolidated Statements of Income was not necessary. We generally satisfy our performance obligations on contracts with customers as services are rendered, and the transaction prices are typically fixed and charged either on a periodic basis (generally monthly) or based on activity. Because performance obligations are satisfied as services are rendered and the transaction prices are fixed, there is little judgment involved in applying Topic 606 that significantly affects the determination of the amount and timing of revenue from contracts with customers. Adoption of New Accounting Standards: In February 2016, the FASB issued ASU 2016 - 02, Leases . This ASU (as subsequently amended by ASU 2018 - 01, ASU 2018 - 10, ASU 2018 - 11 and ASU 2018 - 20 ) establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The ASU is effective for annual and interim periods beginning after December 15, 2018. The adoption of this new standard as of January 1, 2019 resulted in the recording of a ROU asset and associated lease liability of approximately $1.3 million. In June 2016, the FASB issued ASU No. 2016 - 13, Measurement of Credit Losses on Financial Instruments . This ASU (as subsequently amended by ASU 2018 - 19 ) significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The standard will replace the current “incurred loss” approach with an “expected loss” model. The new model, referred to as the current expected credit loss (“CECL”) model, will apply to: (i) financial assets subject to credit losses and measured at amortized cost, and (ii) certain off-balance sheet credit exposures. This includes, but is not limited to, loans, leases, held-to-maturity securities, loan commitments and financial guarantees. The ASU also simplifies the accounting model for purchased credit-impaired debt securities and loans, and expands the disclosure requirements regarding an entity’s assumptions, models, and methods for estimating the allowance for loan and lease losses. In addition, entities will need to disclose the amortized cost balance for each class of financial asset by credit quality indicator, disaggregated by the year of origination. This ASU is effective for interim and annual reporting periods beginning after December 15, 2019, and early adoption is permitted for interim and annual reporting periods beginning after December 15, 2018. Entities will apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (i.e., modified retrospective approach). We have completed our initial framework and developed our initial assumptions. We are now finalizing and documenting new processes and controls, challenging assumptions and outputs, refining the qualitative inputs and drafting policies and disclosures. Additionally, parallel runs will be enhanced throughout the remainder of 2019 as the processes, controls and policies are finalized. |
Note 2 - Securities
Note 2 - Securities | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 2. SECURITIES The amortized cost and fair value of available for sale securities and the related pre-tax gross unrealized gains and losses recognized in accumulated other comprehensive income are as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value June 30, 2019 U.S. Government agency debt obligations $ 199,719,000 $ 2,489,000 $ (1,498,000 ) $ 200,710,000 Mortgage-backed securities 45,380,000 449,000 (142,000 ) 45,687,000 Municipal general obligation bonds 94,896,000 2,297,000 (58,000 ) 97,135,000 Municipal revenue bonds 3,847,000 50,000 (5,000 ) 3,892,000 Other investments 500,000 0 0 500,000 $ 344,342,000 $ 5,285,000 $ (1,703,000 ) $ 347,924,000 December 31, 201 8 U.S. Government agency debt obligations $ 196,109,000 $ 310,000 $ (9,342,000 ) $ 187,077,000 Mortgage-backed securities 44,263,000 187,000 (792,000 ) 43,658,000 Municipal general obligation bonds 103,235,000 427,000 (1,165,000 ) 102,497,000 Municipal revenue bonds 3,688,000 4,000 (58,000 ) 3,634,000 Other investments 500,000 0 0 500,000 $ 347,795,000 $ 928,000 $ (11,357,000 ) $ 337,366,000 Securities with unrealized losses at June 30, 2019 December 31, 2018, Less than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss June 30, 2019 U.S. Government agency debt obligations $ 0 $ 0 $ 82,942,000 $ 1,498,000 $ 82,942,000 $ 1,498,000 Mortgage-backed securities 0 0 20,419,000 142,000 20,419,000 142,000 Municipal general obligation bonds 797,000 4,000 7,614,000 54,000 8,411,000 58,000 Municipal revenue bonds 0 0 1,108,000 5,000 1,108,000 5,000 Other investments 0 0 0 0 0 0 $ 797,000 $ 4,000 $ 112,083,000 $ 1,699,000 $ 112,880,000 $ 1,703,000 Less than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2018 U.S. Government agency debt obligations $ 31,220,000 $ 1,136,000 $ 136,445,000 $ 8,206,000 $ 167,665,000 $ 9,342,000 Mortgage-backed securities 11,460,000 136,000 23,762,000 656,000 35,222,000 792,000 Municipal general obligation bonds 28,923,000 299,000 43,961,000 866,000 72,884,000 1,165,000 Municipal revenue bonds 1,188,000 11,000 1,372,000 47,000 2,560,000 58,000 Other investments 0 0 0 0 0 0 $ 72,791,000 $ 1,582,000 $ 205,540,000 $ 9,775,000 $ 278,331,000 $ 11,357,000 We evaluate securities for other-than-temporary impairment at least on a quarterly basis. Consideration is given to the length of time and the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, and the intent and ability we have to retain our investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. For those securities whose fair value is less than their amortized cost basis, we also consider our intent to sell the security, whether it is more likely than not not may At June 30, 2019, 123 $113 $1.7 not not not no The amortized cost and fair value of debt securities at June 30, 2019, may may not Weighted Average Yield Amortized Cost Fair Value Due in 2019 2.02% $ 6,087,000 $ 6,085,000 Due in 2020 through 2024 2.29 67,392,000 67,859,000 Due in 2025 through 2029 2.72 115,087,000 116,683,000 Due in 2030 and beyond 3.20 109,896,000 111,110,000 Mortgage-backed securities 2.87 45,380,000 45,687,000 Other investments 6.00 500,000 500,000 Total available for sale securities 2.80% $ 344,342,000 $ 347,924,000 Securities issued by the State of Michigan and all its political subdivisions had a combined amortized cost of $91.2 $98.2 June 30, 2019 December 31, 2018, $93.5 $97.4 $7.5 $8.7 June 30, 2019 December 31, 2018, $7.5 $8.7 not 10% The carrying value of U.S. Government agency debt obligations and mortgage-backed securities that are pledged to secure repurchase agreements was $120 $104 June 30, 2019 December 31, 2018, may |
Note 3 - Loans and Allowance fo
Note 3 - Loans and Allowance for Loan Losses | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 3. LOANS AND ALLOWANCE FOR LOAN LOSSES Loans originated for investment are stated at their principal amount outstanding adjusted for partial charge-offs, the allowance, and net deferred loan fees and costs. Interest income on loans is accrued over the term of the loans primarily using the simple interest method based on the principal balance outstanding. Interest is not Acquired loans are those purchased in the Firstbank merger. These loans were recorded at estimated fair value at the merger date with no not not The fair value estimates for acquired loans are based on expected prepayments and the amount and timing of discounted expected principal, interest and other cash flows. Credit discounts representing the principal losses expected over the life of the loan are also a component of the initial fair value. In determining the merger date fair value of acquired impaired loans, and in subsequent accounting, we have generally aggregated acquired commercial and consumer loans into pools of loans with common risk characteristics. The difference between the fair value of an acquired non-impaired loan and contractual amounts due at the merger date is accreted into income over the estimated life of the loan. Contractually required payments represent the total undiscounted amount of all uncollected principal and interest payments. Acquired non-impaired loans are placed on nonaccrual status and reported as nonperforming or past due using the same criteria applied to the originated loan portfolio. The excess of an acquired impaired loan’s undiscounted contractually required payments over the amount of its undiscounted cash flows expected to be collected is referred to as the non-accretable difference. The non-accretable difference, which is neither accreted into income nor recorded on the consolidated balance sheet, reflects estimated future credit losses and uncollectible contractual interest expected to be incurred over the life of the acquired impaired loan. The excess cash flows expected to be collected over the carrying amount of the acquired loan is referred to as the accretable yield. This amount is accreted into interest income over the remaining life of the acquired loans or pools using the level yield method. The accretable yield is affected by changes in interest rate indices for variable rate loans, changes in prepayment speed assumptions and changes in expected principal and interest payments over the estimated lives of the acquired impaired loans. We evaluate quarterly the remaining contractual required payments receivable and estimate cash flows expected to be collected over the lives of the impaired loans. Contractually required payments receivable may not Increases in expected cash flows of acquired impaired loans subsequent to the merger date are recognized prospectively through adjustments of the yield on the loans or pools over their remaining lives, while decreases in expected cash flows are recognized as impairment through a provision for loan losses and an increase in the allowance. Our total loans at June 30, 2019 $2.88 $2.75 December 31, 2018, $128 4.7%. June 30, 2019 December 31, 2018, 2018 second 2019, Percent June 30, 2019 December 31, 2018 Increase Balance % Balance % (Decrease) Originated loans Commercial: Commercial and industrial $ 833,589,000 31.9 % $ 768,698,000 31.3 % 8.4 % Vacant land, land development, and residential construction 40,609,000 1.6 39,950,000 1.6 1.6 Real estate – owner occupied 513,016,000 19.7 500,188,000 20.4 2.6 Real estate – non-owner occupied 786,666,000 30.1 745,127,000 30.4 5.6 Real estate – multi-family and residential rental 101,051,000 3.9 98,035,000 4.0 3.1 Total commercial 2,274,931,000 87.2 2,151,998,000 87.7 5.7 Retail: Home equity and other 64,247,000 2.4 65,023,000 2.7 (1.2 ) 1-4 family mortgages 270,508,000 10.4 235,425,000 9.6 14.9 Total retail 334,755,000 12.8 300,448,000 12.3 11.4 Total originated loans $ 2,609,686,000 100.0 % $ 2,452,446,000 100.0 % 6.4 % Percent June 30, 2019 December 31, 2018 Increase Balance % Balance % (Decrease) Acquired loans Commercial: Commercial and industrial $ 47,607,000 17.5 % $ 54,025,000 18.0 % (11.9 %) Vacant land, land development, and residential construction 4,549,000 1.7 4,935,000 1.6 (7.8 ) Real estate – owner occupied 43,852,000 16.2 48,431,000 16.1 (9.5 ) Real estate – non-owner occupied 66,178,000 24.3 71,155,000 23.7 (7.0 ) Real estate – multi-family and residential rental 27,438,000 10.1 29,562,000 9.8 (7.2 ) Total commercial 189,624,000 69.8 208,108,000 69.2 (8.9 ) Retail: Home equity and other 17,073,000 6.3 20,416,000 6.8 (16.4 ) 1-4 family mortgages 65,110,000 23.9 72,115,000 24.0 (9.7 ) Total retail 82,183,000 30.2 92,531,000 30.8 (11.2 ) Total acquired loans $ 271,807,000 100.0 % $ 300,639,000 100.0 % (9.6 %) Percent June 30, 2019 December 31, 2018 Increase Balance % Balance % (Decrease) Total loans Commercial: Commercial and industrial $ 881,196,000 30.6 % $ 822,723,000 29.9 % 7.1 % Vacant land, land development, and residential construction 45,158,000 1.6 44,885,000 1.6 0.6 Real estate – owner occupied 556,868,000 19.3 548,619,000 19.9 1.5 Real estate – non-owner occupied 852,844,000 29.6 816,282,000 29.7 4.5 Real estate – multi-family and residential rental 128,489,000 4.4 127,597,000 4.6 0.7 Total commercial 2,464,555,000 85.5 2,360,106,000 85.7 4.4 Retail: Home equity and other 81,320,000 2.8 85,439,000 3.1 (4.8 ) 1-4 family mortgages 335,618,000 11.7 307,540,000 11.2 9.1 Total retail 416,938,000 14.5 392,979,000 14.3 6.1 Total loans $ 2,881,493,000 100.0 % $ 2,753,085,000 100.0 % 4.7 % The total contractually required payments due on and carrying value of acquired impaired loans were $6.9 $4.0 June 30, 2019. $8.0 $4.6 December 31, 2018. three six June 30, 2019 June 30, 2018 Balance at March 31, 2019 $ 1,270,000 Additions 7,000 Accretion income (106,000 ) Net reclassification from nonaccretable to accretable 83,000 Reductions (1) (19,000 ) Balance at June 30, 2019 $ 1,235,000 Balance at December 31, 2018 $ 1,274,000 Additions 9,000 Accretion income (225,000 ) Net reclassification from nonaccretable to accretable 204,000 Reductions (1) (27,000 ) Balance at June 30, 2019 $ 1,235,000 Balance at March 31, 2018 $ 1,319,000 Additions 0 Accretion income (123,000 ) Net reclassification from nonaccretable to accretable 86,000 Reductions (1) (35,000 ) Balance at June 30, 2018 $ 1,247,000 Balance at December 31, 2017 $ 1,404,000 Additions 0 Accretion income (254,000 ) Net reclassification from nonaccretable to accretable 172,000 Reductions (1) (75,000 ) Balance at June 30, 2018 $ 1,247,000 ( 1 Nonperforming originated loans as of June 30, 2019 December 31, 2018 June 30, 2019 December 31, 2018 Loans past due 90 days or more still accruing interest $ 0 $ 0 Nonaccrual loans 723,000 803,000 Total nonperforming originated loans $ 723,000 $ 803,000 Nonperforming acquired loans as of June 30, 2019 December 31, 2018 June 30, 2019 December 31, 2018 Loans past due 90 days or more still accruing interest $ 0 $ 0 Nonaccrual loans 2,782,000 3,338,000 Total nonperforming acquired loans $ 2,782,000 $ 3,338,000 The recorded principal balance of all nonperforming loans was as follows: June 30, 2019 December 31, 2018 Commercial: Commercial and industrial $ 2,000 $ 17,000 Vacant land, land development, and residential construction 0 0 Real estate – owner occupied 642,000 950,000 Real estate – non-owner occupied 26,000 0 Real estate – multi-family and residential rental 130,000 141,000 Total commercial 800,000 1,108,000 Retail: Home equity and other 419,000 454,000 1-4 family mortgages 2,286,000 2,579,000 Total retail 2,705,000 3,033,000 Total nonperforming loans $ 3,505,000 $ 4,141,000 Acquired impaired loans are generally not An age analysis of past due loans is as follows as of June 30, 2019: 30 – 59 Days Past Due 60 – 89 Days Past Due Greater Than 89 Days Past Due Total Past Due Current Total Loans Recorded Balance > 89 Days and Accruing Originated loans Commercial: Commercial and industrial $ 0 $ 0 $ 0 $ 0 $ 833,589,000 $ 833,589,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 40,609,000 40,609,000 0 Real estate – owner occupied 0 0 0 0 513,016,000 513,016,000 0 Real estate – non-owner occupied 0 0 0 0 786,666,000 786,666,000 0 Real estate – multi-family and residential rental 0 0 0 0 101,051,000 101,051,000 0 Total commercial 0 0 0 0 2,274,931,000 2,274,931,000 0 Retail: Home equity and other 7,000 0 0 7,000 64,240,000 64,247,000 0 1-4 family mortgages 0 0 108,000 108,000 270,400,000 270,508,000 0 Total retail 7,000 0 108,000 115,000 334,640,000 334,755,000 0 Total past due loans $ 7,000 $ 0 $ 108,000 $ 115,000 $ 2,609,571,000 $ 2,609,686,000 $ 0 30 – 59 Days Past Due 60 – 89 Days Past Due Greater Than 89 Days Past Due Total Past Due Current Total Loans Recorded Balance > 89 Days and Accruing Acquired loans Commercial: Commercial and industrial $ 0 $ 0 $ 0 $ 0 $ 47,607,000 $ 47,607,000 $ 0 Vacant land, land development, and residential construction 122,000 0 0 122,000 4,427,000 4,549,000 0 Real estate – owner occupied 0 105,000 0 105,000 43,747,000 43,852,000 0 Real estate – non-owner occupied 96,000 0 26,000 122,000 66,056,000 66,178,000 0 Real estate – multi-family and residential rental 0 0 0 0 27,438,000 27,438,000 0 Total commercial 218,000 105,000 26,000 349,000 189,275,000 189,624,000 0 Retail: Home equity and other 126,000 13,000 20,000 159,000 16,914,000 17,073,000 0 1-4 family mortgages 187,000 141,000 413,000 741,000 64,369,000 65,110,000 0 Total retail 313,000 154,000 433,000 900,000 81,283,000 82,183,000 0 Total past due loans $ 531,000 $ 259,000 $ 459,000 $ 1,249,000 $ 270,558,000 $ 271,807,000 $ 0 An age analysis of past due loans is as follows as of December 31, 2018: 30 – 59 Days Past Due 60 – 89 Days Past Due Greater Than 89 Days Past Due Total Past Due Current Total Loans Recorded Balance > 89 Days and Accruing Originated loans Commercial: Commercial and industrial $ 186,000 $ 0 $ 0 $ 186,000 $ 768,512,000 $ 768,698,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 39,950,000 39,950,000 0 Real estate – owner occupied 0 0 0 0 500,188,000 500,188,000 0 Real estate – non-owner occupied 0 0 0 0 745,127,000 745,127,000 0 Real estate – multi-family and residential rental 0 0 0 0 98,035,000 98,035,000 0 Total commercial 186,000 0 0 186,000 2,151,812,000 2,151,998,000 0 Retail: Home equity and other 44,000 0 0 44,000 64,979,000 65,023,000 0 1-4 family mortgages 291,000 0 137,000 428,000 234,997,000 235,425,000 0 Total retail 335,000 0 137,000 472,000 299,976,000 300,448,000 0 Total past due loans $ 521,000 $ 0 $ 137,000 $ 658,000 $ 2,451,788,000 $ 2,452,446,000 $ 0 30 – 59 Days Past Due 60 – 89 Days Past Due Greater Than 89 Days Past Due Total Past Due Current Total Loans Recorded Balance > 89 Days and Accruing Acquired Loans Commercial: Commercial and industrial $ 8,000 $ 0 $ 0 $ 8,000 $ 54,017,000 $ 54,025,000 $ 0 Vacant land, land development, and residential construction 19,000 0 0 19,000 4,916,000 4,935,000 0 Real estate – owner occupied 108,000 950,000 0 1,058,000 47,373,000 48,431,000 0 Real estate – non-owner occupied 62,000 0 0 62,000 71,093,000 71,155,000 0 Real estate – multi-family and residential rental 0 0 0 0 29,562,000 29,562,000 0 Total commercial 197,000 950,000 0 1,147,000 206,961,000 208,108,000 0 Retail: Home equity and other 167,000 31,000 0 198,000 20,218,000 20,416,000 0 1-4 family mortgages 821,000 347,000 612,000 1,780,000 70,335,000 72,115,000 0 Total retail 988,000 378,000 612,000 1,978,000 90,553,000 92,531,000 0 Total past due loans $ 1,185,000 $ 1,328,000 $ 612,000 $ 3,125,000 $ 297,514,000 $ 300,639,000 $ 0 Impaired originated loans as of June 30, 2019, three six June 30, 2019, Unpaid Contractual Principal Balance Recorded Principal Balance Related Allowance Second Quarter Average Recorded Principal Balance Year-To- Date Average Recorded Principal Balance With no related allowance recorded Commercial: Commercial and industrial $ 10,007,000 $ 10,007,000 $ 9,792,000 $ 9,396,000 Vacant land, land development and residential construction 88,000 88,000 90,000 91,000 Real estate – owner occupied 2,059,000 2,059,000 1,281,000 1,064,000 Real estate – non-owner occupied 0 0 0 0 Real estate – multi-family and residential rental 135,000 126,000 63,000 42,000 Total commercial 12,289,000 12,280,000 11,226,000 10,593,000 Retail: Home equity and other 829,000 807,000 707,000 667,000 1-4 family mortgages 910,000 338,000 351,000 364,000 Total retail 1,739,000 1,145,000 1,058,000 1,031,000 Total with no related allowance recorded $ 14,028,000 $ 13,425,000 $ 12,284,000 $ 11,624,000 Unpaid Contractual Principal Balance Recorded Principal Balance Related Allowance Second Quarter Average Recorded Principal Balance Year-To- Date Average Recorded Principal Balance With an allowance recorded Commercial: Commercial and industrial $ 13,656,000 $ 13,656,000 $ 2,051,000 $ 9,581,000 $ 8,058,000 Vacant land, land development and residential construction 0 0 0 0 0 Real estate – owner occupied 0 0 0 1,348,000 1,785,000 Real estate – non-owner occupied 0 0 0 0 0 Real estate – multi-family and residential rental 0 0 0 65,000 89,000 Total commercial 13,656,000 13,656,000 2,051,000 10,994,000 9,932,000 Retail: Home equity and other 386,000 373,000 158,000 377,000 395,000 1-4 family mortgages 406,000 331,000 18,000 334,000 336,000 Total retail 792,000 704,000 176,000 711,000 731,000 Total with an allowance recorded $ 14,448,000 $ 14,360,000 $ 2,227,000 $ 11,705,000 $ 10,663,000 Total impaired loans: Commercial $ 25,945,000 $ 25,936,000 $ 2,051,000 $ 22,220,000 $ 20,525,000 Retail 2,531,000 1,849,000 176,000 1,769,000 1,762,000 Total impaired loans $ 28,476,000 $ 27,785,000 $ 2,227,000 $ 23,989,000 $ 22,287,000 Impaired acquired loans as of June 30, 2019, three six June 30, 2019, Unpaid Contractual Principal Balance Recorded Principal Balance Related Allowance Second Quarter Average Recorded Principal Balance Year-To- Date Average Recorded Principal Balance With no related allowance recorded Commercial: Commercial and industrial $ 360,000 $ 353,000 $ 422,000 $ 414,000 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 944,000 916,000 802,000 932,000 Real estate – non-owner occupied 213,000 211,000 175,000 117,000 Real estate – multi-family and residential rental 40,000 21,000 26,000 26,000 Total commercial 1,557,000 1,501,000 1,425,000 1,489,000 Retail: Home equity and other 686,000 628,000 653,000 555,000 1-4 family mortgages 2,462,000 1,734,000 1,850,000 1,850,000 Total retail 3,148,000 2,362,000 2,503,000 2,405,000 Total with no related allowance recorded $ 4,705,000 $ 3,863,000 $ 3,928,000 $ 3,894,000 Unpaid Contractual Principal Balance Recorded Principal Balance Related Allowance Second Quarter Average Recorded Principal Balance Year-To- Date Average Recorded Principal Balance With an allowance recorded Commercial: Commercial and industrial $ 140,000 $ 138,000 $ 32,000 $ 106,000 $ 126,000 Vacant land, land development and residential construction 0 0 0 0 0 Real estate – owner occupied 0 0 0 36,000 73,000 Real estate – non-owner occupied 0 0 0 47,000 101,000 Real estate – multi-family and residential rental 0 0 0 0 1,000 Total commercial 140,000 138,000 32,000 189,000 301,000 Retail: Home equity and other 243,000 241,000 107,000 195,000 277,000 1-4 family mortgages 408,000 385,000 83,000 305,000 327,000 Total retail 651,000 626,000 190,000 500,000 604,000 Total with an allowance recorded $ 791,000 $ 764,000 $ 222,000 $ 689,000 $ 905,000 Total impaired loans: Commercial $ 1,697,000 $ 1,639,000 $ 32,000 $ 1,614,000 $ 1,790,000 Retail 3,799,000 2,988,000 190,000 3,003,000 3,009,000 Total impaired loans $ 5,496,000 $ 4,627,000 $ 222,000 $ 4,617,000 $ 4,799,000 Impaired originated loans as of December 31, 2018, three six June 30, 2018, Unpaid Contractual Principal Balance Recorded Principal Balance Related Allowance Second Quarter Average Recorded Principal Balance Year-To- Date Average Recorded Principal Balance With no related allowance recorded Commercial: Commercial and industrial $ 8,604,000 $ 8,604,000 $ 373,000 $ 308,000 Vacant land, land development and residential construction 94,000 94,000 50,000 45,000 Real estate – owner occupied 632,000 632,000 1,453,000 1,453,000 Real estate – non-owner occupied 0 0 0 0 Real estate – multi-family and residential rental 0 0 283,000 305,000 Total commercial 9,330,000 9,330,000 2,159,000 2,111,000 Retail: Home equity and other 607,000 586,000 684,000 683,000 1-4 family mortgages 1,053,000 390,000 405,000 422,000 Total retail 1,660,000 976,000 1,089,000 1,105,000 Total with no related allowance recorded $ 10,990,000 $ 10,306,000 $ 3,248,000 $ 3,216,000 Unpaid Contractual Principal Balance Recorded Principal Balance Related Allowance Second Quarter Average Recorded Principal Balance Year-To- Date Average Recorded Principal Balance With an allowance recorded Commercial: Commercial and industrial $ 5,011,000 $ 5,011,000 $ 83,000 $ 2,089,000 $ 2,389,000 Vacant land, land development and residential construction 0 0 0 0 0 Real estate – owner occupied 2,658,000 2,658,000 363,000 1,713,000 1,606,000 Real estate – non-owner occupied 0 0 0 0 0 Real estate – multi-family and residential rental 140,000 135,000 5,000 143,000 96,000 Total commercial 7,809,000 7,804,000 451,000 3,945,000 4,091,000 Retail: Home equity and other 442,000 431,000 194,000 494,000 712,000 1-4 family mortgages 409,000 341,000 44,000 351,000 270,000 Total retail 851,000 772,000 238,000 845,000 982,000 Total with an allowance recorded $ 8,660,000 $ 8,576,000 $ 689,000 $ 4,790,000 $ 5,073,000 Total impaired loans: Commercial $ 17,139,000 $ 17,134,000 $ 451,000 $ 6,104,000 $ 6,202,000 Retail 2,511,000 1,748,000 238,000 1,934,000 2,087,000 Total impaired loans $ 19,650,000 $ 18,882,000 $ 689,000 $ 8,038,000 $ 8,289,000 Impaired acquired loans as of December 31, 2018, three six June 30, 2018, Unpaid Contractual Principal Balance Recorded Principal Balance Related Allowance Second Quarter Average Recorded Principal Balance Year-To- Date Average Recorded Principal Balance With no related allowance recorded Commercial: Commercial and industrial $ 398,000 $ 398,000 $ 720,000 $ 821,000 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 1,193,000 1,193,000 677,000 671,000 Real estate – non-owner occupied 0 0 228,000 231,000 Real estate – multi-family and residential rental 45,000 26,000 42,000 101,000 Total commercial 1,636,000 1,617,000 1,667,000 1,824,000 Retail: Home equity and other 388,000 361,000 710,000 642,000 1-4 family mortgages 2,494,000 1,849,000 2,000,000 2,051,000 Total retail 2,882,000 2,210,000 2,710,000 2,693,000 Total with no related allowance recorded $ 4,518,000 $ 3,827,000 $ 4,377,000 $ 4,517,000 Unpaid Contractual Principal Balance Recorded Principal Balance Related Allowance Second Quarter Average Recorded Principal Balance Year-To- Date Average Recorded Principal Balance With an allowance recorded Commercial: Commercial and industrial $ 175,000 $ 166,000 $ 43,000 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 0 0 Real estate – owner occupied 147,000 147,000 0 799,000 533,000 Real estate – non-owner occupied 210,000 210,000 0 0 0 Real estate – multi-family and residential rental 3,000 3,000 0 0 0 Total commercial 535,000 526,000 43,000 799,000 533,000 Retail: Home equity and other 462,000 440,000 178,000 17,000 12,000 1-4 family mortgages 418,000 371,000 89,000 0 0 Total retail 880,000 811,000 267,000 17,000 12,000 Total with an allowance recorded $ 1,415,000 $ 1,337,000 $ 310,000 $ 816,000 $ 545,000 Total impaired loans: Commercial $ 2,171,000 $ 2,143,000 $ 43,000 $ 2,466,000 $ 2,357,000 Retail 3,762,000 3,021,000 267,000 2,727,000 2,705,000 Total impaired loans $ 5,933,000 $ 5,164,000 $ 310,000 $ 5,193,000 $ 5,062,000 Impaired loans for which no $0.2 $0.1 second 2019 2018, $0.5 first six 2019 2018. No second first six 2019 2018 $0.1 second 2019 2018, $0.1 $0.1 first six 2019 2018, Credit Quality Indicators. ten Credit quality indicators were as follows as of June 30, 2019: Originated loans Commercial credit exposure – credit risk profiled by internal credit risk grades: Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi-Family and Residential Rental Internal credit risk grade groupings: Grades 1 – 4 $ 521,211,000 $ 24,520,000 $ 320,067,000 $ 544,164,000 $ 72,767,000 Grades 5 – 7 288,248,000 16,001,000 190,466,000 242,415,000 28,109,000 Grades 8 – 9 24,130,000 88,000 2,483,000 87,000 175,000 Total commercial $ 833,589,000 $ 40,609,000 $ 513,016,000 $ 786,666,000 $ 101,051,000 Retail credit exposure – credit risk profiled by collateral type: Retail Home Equity and Other Retail 1-4 Family Mortgages Total retail $ 64,247,000 $ 270,508,000 Acquired loans Commercial credit exposure – credit risk profiled by internal credit risk grades: Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi- Family and Residential Rental Internal credit risk grade groupings: Grades 1 – 4 $ 28,882,000 $ 1,126,000 $ 19,972,000 $ 51,606,000 $ 16,409,000 Grades 5 – 7 18,213,000 3,176,000 22,750,000 14,404,000 10,987,000 Grades 8 – 9 512,000 247,000 1,130,000 168,000 42,000 Total commercial $ 47,607,000 $ 4,549,000 $ 43,852,000 $ 66,178,000 $ 27,438,000 Retail credit exposure – credit risk profiled by collateral type: Retail Home Equity and Other Retail 1-4 Family Mortgages Total retail $ 17,073,000 $ 65,110,000 Credit quality indicators were as follows as of December 31, 2018: Originated loans Commercial credit exposure – credit risk profiled by internal credit risk grades: Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi- Family and Residential Rental Internal credit risk grade groupings: Grades 1 – 4 $ 508,611,000 $ 28,170,000 $ 325,459,000 $ 526,445,000 $ 75,051,000 Grades 5 – 7 238,942,000 11,686,000 163,455,000 218,682,000 22,798,000 Grades 8 – 9 21,145,000 94,000 11,274,000 0 186,000 Total commercial $ 768,698,000 $ 39,950,000 $ 500,188,000 $ 745,127,000 $ 98,035,000 Retail credit exposure – credit risk profiled by collateral type: Retail Home Equity and Other Retail 1-4 Family Mortgages Total retail $ 65,023,000 $ 235,425,000 Acquired loans Commercial credit exposure – credit risk profiled by internal credit risk grades: Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi- Family and Residential Rental Internal credit risk grade groupings: Grades 1 – 4 $ 34,678,000 $ 1,246,000 $ 21,595,000 $ 54,401,000 $ 16,050,000 Grades 5 – 7 19,122,000 3,431,000 25,485,000 16,687,000 13,460,000 Grades 8 – 9 225,000 258,000 1,351,000 67,000 52,000 Total commercial $ 54,025,000 $ 4,935,000 $ 48,431,000 $ 71,155,000 $ 29,562,000 Retail credit exposure – credit risk profiled by collateral type: Retail Home Equity and Other Retail 1-4 Family Mortgages Total retail $ 20,416,000 $ 72,115,000 All commercial loans are graded using the following criteria: Grade 1. Excellent credit rating that contain very little, if any, risk of loss. Grade 2. Strong sources of repayment and have low repayment risk. Grade 3. Good sources of repayment and have limited repayment risk. Grade 4. Adequate sources of repayment and acceptable repayment risk; however, characteristics are present that render the credit more vulnerable to a negative event. Grade 5. Marginally acceptable sources of repayment and exhibit defined weaknesses and negative characteristics. Grade 6. Well defined weaknesses which may not Grade 7. Defined weaknesses or negative trends that merit close monitoring through Watch List status. Grade 8. Inadequately protected by current sound net worth, paying capacity of the obligor, or pledged collateral, resulting in a distinct possibility of loss requiring close monitoring through Watch List status. Grade 9. Vital weaknesses exist where collection of principal is highly questionable. Grade 10. Considered uncollectable and of such little value that continuance as an asset is not The primary risk elements with respect to commercial loans are the financial condition of the borrower, the sufficiency of collateral, and timeliness of scheduled payments. We have a policy of requesting and reviewing periodic financial statements from commercial loan customers and employ a disciplined and formalized review of the existence of collateral and its value. The primary risk element with respect to each residential real estate loan and consumer loan is the timeliness of scheduled payments. We have a reporting system that monitors past due loans and have adopted policies to pursue creditor’s rights in order to preserve our collateral position. Activity in the allowance for loan losses and the recorded investments in originated loans as of and during the three six June 30, 2019 Commercial Loans Retail Loans Unallocated Total Allowance for loan losses: Balance at March 31, 2019 $ 20,050,000 $ 2,140,000 $ 228,000 $ 22,418,000 Provision for loan losses 979,000 50,000 (131,000 ) 898,000 Charge-offs (2,000 ) (75,000 ) 0 (77,000 ) Recoveries 46,000 46,000 0 92,000 Ending balance $ 21,073,000 $ 2,161,000 $ 97,000 $ 23,331,000 Allowance for loan losses: Balance at December 31, 2018 $ 19,442,000 $ 2,068,000 $ 44,000 $ 21,554,000 Provision for loan losses 1,559,000 255,000 53,000 1,867,000 Charge-offs (2,000 ) (250,000 ) 0 (252,000 ) Recoveries 74,000 88,000 0 162,000 Ending balance $ 21,073,000 $ 2,161,000 $ 97,000 $ 23,331,000 Ending balance: individually evaluated for impairment $ 2,051,000 $ 176,000 $ 0 $ 2,227,000 Ending balance: collectively evaluated for impairment $ 19,022,000 $ 1,985,000 $ 97,000 $ 21,104,000 Total loans: Ending balance $ 2,274,931,000 $ 334,755,000 $ 2,609,686,000 Ending balance: individually evaluated for impairment $ 25,936,000 $ 1,849,000 $ 27,785,000 Ending balance: collectively evaluated for impairment $ 2,248,995,000 $ 332,906,000 $ 2,581,901,000 Activity in the allowance for loan losses for acquired loans during the three six June 30, 2019 Commercial Loans Retail Loans Unallocated Total Allowance for loan losses: Balance at March 31, 2019 $ 161,000 $ 556,000 $ 0 $ 717,000 Provision for loan losses 36,000 (34,000 ) 0 2,000 Charge-offs 0 0 0 0 Recoveries 1,000 2,000 0 3,000 Ending balance $ 198,000 $ 524,000 $ 0 $ 722,000 Allowance for loan losses: Balance at December 31, 2018 $ 177,000 $ 649,000 $ 0 $ 826,000 Provision for loan losses 20,000 (137,000 ) 0 (117,000 ) Charge-offs 0 0 0 0 Recoveries 1,000 12,000 0 13,000 Ending balance $ 198,000 $ 524,000 $ 0 $ 722,000 Activity in the allowance for loan losses for originated loans during the three six June 30, 2018 December 31, 2018 Commercial Loans Retail Loans Unallocated Total Allowance for loan losses: Balance at March 31, 2018 $ 16,865,000 $ 2,001,000 $ 215,000 $ 19,081,000 Provision for loan losses 892,000 297,000 (275,000 ) 914,000 Charge-offs (85,000 ) (189,000 ) 0 (274,000 ) Recoveries 654,000 107,000 0 761,000 Ending balance $ 18,326,000 $ 2,216,000 $ (60,000 ) $ 20,482,000 Allowance for loan losses: Balance at December 31, 2017 $ 16,456,000 $ 2,584,000 $ 93,000 $ 19,133,000 Provision for loan losses 551,000 (266,000 ) (153,000 ) 132,000 Charge-offs (342,000 ) (324,000 ) 0 (666,000 ) Recoveries 1,661,000 222,000 0 1,883,000 Ending balance $ 18,326,000 $ 2,216,000 $ (60,000 ) $ 20,482,000 Ending balance: individually evaluated for impairment $ 391,000 $ 283,000 $ 0 $ 674,000 Ending balance: collectively evaluated for impairment $ 17,935,000 $ 1,933,000 $ (60,000 ) $ 19,808,000 Total loans: Ending balance $ 2,151,998,000 $ 300,448,000 $ 2,452,446,000 Ending balance: individually evaluated for impairment $ 17,134,000 $ 1,748,000 $ 18,882,000 Ending balance: collectively evaluated for impairment $ 2,134,864,000 $ 298,700,000 $ 2,433,564,000 Activity in the allowance for loan losses for acquired loans during the three six June 30, 2018 Commercial Loans Retail Loans Unallocated Total Allowance for loan losses: Balance at March 31, 2018 $ 359,000 $ 534,000 $ 0 $ 893,000 Provision for loan losses (254,000 ) 40,000 0 (214,000 ) Charge-offs 0 0 0 0 Recoveries 0 6,000 0 6,000 Ending balance $ 105,000 $ 580,000 $ 0 $ 685,000 Allowance for loan losses: Balance at December 31, 2017 $ 291,000 $ 77,000 $ 0 $ 368,000 Provision for loan losses 60,000 508,000 0 568,000 Charge-offs (246,000 ) (15,000 ) 0 (261,000 ) Recoveries 0 10,000 0 10,000 Ending balance $ 105,000 $ 580,000 $ 0 $ 685,000 In accordance with acquisition accounting rules, acquired loans were recorded at fair value at the merger date and the prior allowance was eliminated. Loans modified as troubled debt restructurings during the three June 30, 2019 Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Originated loans Commercial: Commercial and industrial 3 $ 14,040,000 $ 14,337,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 1 1,567,000 1,567,000 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total originated commercial 4 15,607,000 15,904,000 Retail: Home equity and other 2 23,000 23,000 1-4 family mortgages 0 0 0 Total originated retail 2 23,000 23,000 Total originated loans 6 $ 15,630,000 $ 15,927,000 Acquired loans Commercial: Commercial and industrial 0 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 0 0 0 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total acquired commercial 0 0 0 Retail: Home equity and other 2 70,000 71,000 1-4 family mortgages 3 122,000 122,000 Total acquired retail 5 192,000 193,000 Total acquired loans 5 $ 192,000 $ 193,000 (Continued) MERCANTILE BANK CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) 3. LOANS AND ALLOWANCE FOR LOAN LOSSES Loans modified as troubled debt restructurings during the six June 30, 2019 Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Originated loans Commercial: Commercial and industrial 6 $ 14,429,000 $ 14,726,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 1 1,567,000 1,567,000 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total originated commercial 7 15,996,000 16,293,000 Retail: Home equity and other 2 23,000 23,000 1-4 family mortgages 0 0 0 Total originated retail 2 23,000 23,000 Total originated loans 9 $ 16,019,000 $ 16,316,000 Acquired loans Commercial: Commercial and industrial 0 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 1 690,000 679,000 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total acquired commercial 1 690,000 679,000 Retail: Home equity and other 6 140,000 141,000 1-4 family mortgages 4 154,000 154,000 Total acquired retail 10 294,000 295,000 Total acquired loans 11 $ 984,000 $ 974,000 Loans modified as troubled debt restructurings during the three June 30, 2018 Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Originated loans Commercial: Commercial and industrial 2 $ 974,000 $ 1,079,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 0 0 0 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total originated commercial 2 974,000 1,079,000 Retail: Home equity and other 0 0 0 1-4 family mortgages 0 0 0 Total originated retail 0 0 0 Total originated loans 2 $ 974,000 $ 1,079,000 Acquired loans Commercial: Commercial and industrial 0 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 0 0 0 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total acquired commercial 0 0 0 Retail: Home equity and other 5 |
Note 4 - Premises and Equipment
Note 4 - Premises and Equipment, Net | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 4. PREMISES AND EQUIPMENT, NET Premises and equipment are comprised of the following: June 30, 2019 December 31, 2018 Land and improvements $ 18,140,000 $ 18,198,000 Buildings 49,120,000 45,362,000 Furniture and equipment 19,762,000 18,139,000 87,022,000 81,699,000 Less: accumulated depreciation 35,199,000 33,378,000 Premises and equipment, net $ 51,823,000 $ 48,321,000 Depreciation expense totaled $0.9 second 2019 2018. $1.9 first six 2019, $1.7 first six 2018. |
Note 5 - Deposits
Note 5 - Deposits | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | 5. DEPOSITS Our total deposits at June 30, 2019 $2.62 $156 6.3%, December 31, 2018. June 30, 2019 December 31, 2018, 2018 second 2019, June 30, 2019 December 31, 2018 Percent Increase Balance % Balance % (Decrease) Noninterest-bearing checking $ 918,581,000 35.1 % $ 889,784,000 36.1 % 3.2 % Interest-bearing checking 286,531,000 10.9 339,089,000 13.8 (15.5 ) Money market 484,177,000 18.5 434,333,000 17.6 11.5 Savings 270,563,000 10.3 317,014,000 12.9 (14.7 ) Time, under $100,000 205,452,000 7.8 160,092,000 6.5 28.3 Time, $100,000 and over 284,460,000 10.9 210,164,000 8.5 35.4 Total local deposits 2,449,764,000 93.5 2,350,476,000 95.4 4.2 Out-of-area time, under $100,000 0 NA 0 NA NA Out-of-area time, $100,000 and over 169,445,000 6.5 113,232,000 4.6 49.6 Total out-of-area deposits 169,445,000 6.5 113,232,000 4.6 49.6 Total deposits $ 2,619,209,000 100.0 % $ 2,463,708,000 100.0 % 6.3 % Total time deposits of more than $250,000 $319 $232 June 30, 2019 December 31, 2018, (Continued) MERCANTILE BANK CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) |
Note 6 - Securities Sold Under
Note 6 - Securities Sold Under Agreements to Repurchase | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block] | 6. SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE Securities sold under agreements to repurchase (“repurchase agreements”) are offered principally to certain large deposit customers. Information relating to our repurchase agreements follows: Six Months Ended June 30, 2019 Twelve Months Ended December 31, 2018 Outstanding balance at end of period $ 119,669,000 $ 103,519,000 Average interest rate at end of period 0.26 % 0.26 % Average daily balance during the period $ 103,172,000 $ 101,005,000 Average interest rate during the period 0.25 % 0.24 % Maximum daily balance during the period $ 124,288,000 $ 123,046,000 Repurchase agreements generally have maturities of one |
Note 7 - Federal Home Loan Bank
Note 7 - Federal Home Loan Bank of Indianapolis Advances | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Federal Home Loan Bank Advances, Disclosure [Text Block] | 7. FEDERAL HOME LOAN BANK OF INDIANAPOLIS ADVANCES Federal Home Loan Bank of Indianapolis (“FHLBI”) advances totaled $374 June 30, 2019, August 2019 June 2025, 1.20% 3.18% 2.39%. $350 December 31, 2018, January 2019 June 2025, 1.20% 3.18% 2.30%. Each advance is payable at its maturity date and is subject to a prepayment fee if paid prior to the maturity date. The advances are collateralized by residential mortgage loans, first first June 30, 2019 $743 $363 Maturities of currently outstanding FHLBI advances are as follows: 2019 $ 20,000,000 2020 40,000,000 2021 70,000,000 2022 94,000,000 2023 80,000,000 Thereafter 70,000,000 |
Note 8 - Commitments and Off-ba
Note 8 - Commitments and Off-balance Sheet Risk | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Commitments Contingencies and Guarantees [Text Block] | 8. COMMITMENTS AND OFF-BALANCE SHEET RISK Our bank is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Loan commitments to extend credit are agreements to lend to a customer as long as there is no third may not These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized, if any, in the balance sheet. Our bank’s maximum exposure to loan loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual notional amount of those instruments. Our bank uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Collateral, such as accounts receivable, securities, inventory, and property and equipment, is generally obtained based on our credit assessment of the borrower. If required, estimated loss exposure resulting from these instruments is expensed and recorded as a liability. There was no June 30, 2019 December 31, 2018. A summary of the contractual amounts of our financial instruments with off-balance sheet risk at June 30, 2019 December 31, 2018 June 30, 2019 December 31, 2018 Commercial unused lines of credit $ 773,984,000 $ 784,895,000 Unused lines of credit secured by 1 – 4 family residential properties 58,910,000 57,378,000 Credit card unused lines of credit 53,475,000 47,432,000 Other consumer unused lines of credit 19,178,000 20,231,000 Commitments to make loans 91,263,000 101,517,000 Standby letters of credit 22,515,000 25,322,000 $ 1,019,325,000 $ 1,036,775,000 |
Note 9 - Fair Values of Financi
Note 9 - Fair Values of Financial Instruments | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 9. FAIR VALUES OF FINANCIAL INSTRUMENTS The carrying amounts, estimated fair values and level within the fair value hierarchy of financial instruments were as follows as of June 30, 2019 December 31, 2018 ( Level in June 30, 2019 December 31, 2018 Fair Value Hierarchy Carrying Values Fair Values Carrying Values Fair Values Financial assets: Cash Level 1 $ 14,055 $ 14,055 $ 15,656 $ 15,656 Cash equivalents Level 2 136,370 136,370 59,698 59,698 Securities available for sale (1) 347,924 347,924 337,366 337,366 FHLBI stock (2) 18,002 18,002 16,022 16,022 Loans, net Level 3 2,852,940 2,876,906 2,729,583 2,711,687 Loans held for sale Level 2 4,500 4,500 1,122 1,122 Mortgage servicing rights Level 2 4,201 7,239 4,436 8,444 Accrued interest receivable Level 2 10,430 10,430 9,896 9,896 Financial liabilities: Deposits Level 2 2,619,209 2,516,965 2,463,708 2,471,617 Repurchase agreements Level 2 119,669 119,669 103,519 103,519 FHLBI advances Level 2 374,000 380,720 350,000 348,428 Subordinated debentures Level 2 46,540 46,248 46,199 46,543 Accrued interest payable Level 2 3,989 3,989 2,249 2,249 ( 1 See Note 10 ( 2 It is not Carrying amount is the estimated fair value for cash and cash equivalents, FHLBI stock, accrued interest receivable and payable, noninterest-bearing checking accounts and securities sold under agreements to repurchase. Security fair values are based on market prices or dealer quotes, and if no 2016 01, |
Note 10 - Fair Values
Note 10 - Fair Values | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block] | 1 0 . FAIR VALUES Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability, or in the absence of a principal market, the most advantageous market for the asset or liability. The price of the principal (or most advantageous) market used to measure the fair value of the asset or liability is not not We are required to use valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may Level 1: Level 2: 1 not Level 3: The following is a description of our valuation methodologies used to measure and disclose the fair values of our financial assets and liabilities that are recorded at fair value on a recurring or nonrecurring basis: Securities available for sale. not 2 3 no June 30, 2019 December 31, 2018. no 1 Derivatives Mortgage loans held for sale June 30, 2019 December 31, 2018, $4.5 $1.1 Loans not Foreclosed Assets. Assets and Liabilities Measured at Fair Value on a Recurring Basis The balances of assets and liabilities measured at fair value on a recurring basis as of June 30, 2019 Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities U.S. Government agency debt obligations $ 200,710,000 $ 0 $ 200,710,000 $ 0 Mortgage-backed securities 45,687,000 0 45,687,000 0 Municipal general obligation bonds 97,135,000 0 94,440,000 2,695,000 Municipal revenue bonds 3,892,000 0 3,892,000 0 Other investments 500,000 0 500,000 0 Total $ 347,924,000 $ 0 $ 345,229,000 $ 2,695,000 There were no 1, 2 3 first six 2019. $1.0 3 first six 2019 The balances of assets and liabilities measured at fair value on a recurring basis as of December 31, 2018 Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities U.S. Government agency debt obligations $ 187,077,000 $ 0 $ 187,077,000 $ 0 Mortgage-backed securities 43,658,000 0 43,658,000 0 Municipal general obligation bonds 102,497,000 0 98,768,000 3,729,000 Municipal revenue bonds 3,634,000 0 3,634,000 0 Other investments 500,000 0 500,000 0 Total $ 337,366,000 $ 0 $ 333,637,000 $ 3,729,000 There were no 1, 2 3 2018. $1.5 3 2018 Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis The balances of assets and liabilities measured at fair value on a nonrecurring basis as of June 30, 2019 Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans $ 15,395,000 $ 0 $ 0 $ 15,395,000 Foreclosed assets 446,000 0 0 446,000 Total $ 15,841,000 $ 0 $ 0 $ 15,841,000 The balances of assets and liabilities measured at fair value on a nonrecurring basis as of December 31, 2018 Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans $ 8,181,000 $ 0 $ 0 $ 8,181,000 Foreclosed assets 811,000 0 0 811,000 Total $ 8,992,000 $ 0 $ 0 $ 8,992,000 The carrying values are based on the estimated value of the property or other assets. Fair value estimates of collateral on impaired loans and foreclosed assets are reviewed periodically. Our credit policies establish criteria for obtaining appraisals and determining internal value estimates. We may may 15% 25% 25% 50% 10% |
Note 11 - Regulatory Matters
Note 11 - Regulatory Matters | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | 1 1 . REGULATORY MATTERS We are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and prompt corrective action regulations involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators about components, risk weightings, and other factors, and the regulators can lower classifications in certain cases. Failure to meet various capital requirements can initiate regulatory action that could have a direct material effect on our financial statements. The prompt corrective action regulations provide five not not no may may June 30, 2019 December 31, 2018, no June 30, 2019 Our actual capital levels (dollars in thousands) and the minimum levels required to be categorized as adequately and well capitalized were: Actual Minimum Required for Capital Adequacy Purposes Minimum Required to be Well Capitalized Under Prompt Corrective Action Regulations Amount Ratio Amount Ratio Amount Ratio June 30, 2019 Total capital (to risk weighted assets) Consolidated $ 412,841 12.6 % $ 263,197 8.0 % NA NA Bank 406,912 12.4 263,153 8.0 328,941 10.0 % Tier 1 capital (to risk weighted assets) Consolidated 388,788 11.8 197,398 6.0 NA NA Bank 382,859 11.6 197,365 6.0 263,153 8.0 Common equity tier 1 (to risk weighted assets) Consolidated 344,323 10.5 148,049 4.5 NA NA Bank 382,859 11.6 148,024 4.5 213,812 6.5 Tier 1 capital (to average assets) Consolidated 388,788 11.2 139,236 4.0 NA NA Bank 382,859 11.0 139,219 4.0 174,024 5.0 December 31, 2018 Total capital (to risk weighted assets) Consolidated $ 396,102 12.5 % $ 253,413 8.0 % NA NA Bank 388,591 12.3 253,225 8.0 316,531 10.0 % Tier 1 capital (to risk weighted assets) Consolidated 373,721 11.8 190,060 6.0 NA NA Bank 366,211 11.6 189,919 6.0 253,225 8.0 Common equity tier 1 (to risk weighted assets) Consolidated 329,596 10.4 142,545 4.5 NA NA Bank 366,211 11.6 142,439 4.5 205,745 6.5 Tier 1 capital (to average assets) Consolidated 373,721 11.4 131,014 4.0 NA NA Bank 366,211 11.2 130,913 4.0 163,641 5.0 Our consolidated capital levels as of June 30, 2019 December 31, 2018 $46.5 $44.1 may 1 not 25% 1 not May 19, 2010, December 31, 2009 $15.0 June 30, 2019 December 31, 2018, $46.5 $44.1 1 Under the final BASEL III capital rules that became effective on January 1, 2015, 1 2.5% not three 2016. 1 7.0%, 1 8.5% 10.5% January 1, 2019. June 30, 2019, Our and our bank’s ability to pay cash and stock dividends is subject to limitations under various laws and regulations and to prudent and sound banking practices. On January 17, 2019, $0.26 March 20, 2019 March 8, 2019. April 11, 2019, $0.26 June 19, 2019 June 7, 2019. July 11, 2019, $0.27 September 18, 2019 September 6, 2019. We announced on January 30, 2015 $20.0 April 19, 2016, $15.0 May 7, 2019, $20.0 first six 2019, 119,120 $3.6 $30.23. January 30, 2015 June 30, 2019, 1,275,444 $29.0 $22.77. may |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2019 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation six June 30, 2019 two 10 303 not not June 30, 2019 not 10 December 31, 2018. We have five not |
Earnings Per Share, Policy [Policy Text Block] | Earnings Per Share Approximately 261,000 three six June 30, 2019. 10,000 three six June 30, 2019. 7,000 not three six June 30, 2019. Approximately 234,000 three six June 30, 2018. 17,000 three six June 30, 2018. 7,000 not three six June 30, 2018. |
Marketable Securities, Policy [Policy Text Block] | Securities Interest income includes amortization of purchase premiums and accretion of discounts. Premiums and discounts on securities are amortized or accreted on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Declines in the fair value of debt securities below their amortized cost that are other-than-temporary impairment (“OTTI”) are reflected in earnings or other comprehensive income, as appropriate. For those debt securities whose fair value is less than their amortized cost, we consider our intent to sell the security, whether it is more likely than not not two 1 2 |
Financing Receivable, Held-for-investment [Policy Text Block] | Loans Interest income on commercial loans and mortgage loans is discontinued at the time the loan is 90 no 120 All interest accrued but not |
Financing Receivable, Held-for-sale [Policy Text Block] | Loans Held for Sale June 30, 2019 December 31, 2018, $4.5 $1.1 Mortgage loans held for sale are generally sold with servicing rights retained. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold, which is reduced by the cost allocated to the servicing right. We generally lock in the sale price to the purchaser of the loan at the same time we make an interest rate commitment to the borrower. These mortgage banking activities are not $629 June 30, 2019. |
Mortgage Banking Activity [Policy Text Block] | Mortgage Banking Activities Servicing fee income is recorded for fees earned for servicing mortgage loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. Amortization of mortgage loan servicing rights is netted against mortgage loan servicing income and recorded in mortgage banking activities in the income statement. |
Troubled Debt Restructuring [Policy Text Block] | Troubled Debt Restructurings not may In accordance with current accounting guidance, loans modified as troubled debt restructurings are, by definition, considered to be impaired loans. Impairment for these loans is measured on a loan-by-loan basis similar to other impaired loans as described below under “Allowance for Loan Losses.” Certain loans modified as troubled debt restructurings may two |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | Allowance for Loan Losses may A loan is considered to be impaired when, based on current information and events, it is probable we will be unable to collect the scheduled payments of principal and interest when due according to the contractual terms of the loan agreement. Factors considered in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not |
Derivatives, Policy [Policy Text Block] | Derivatives not Changes in the fair value of derivatives that are designated, for accounting purposes, as a hedge of the variability of cash flows to be received on various assets and liabilities and are effective are reported in other comprehensive income. They are later reclassified into earnings in the same periods during which the hedged transaction affects earnings and are included in the line item in which the hedged cash flows are recorded. If hedge accounting does not If designated as a hedge, we formally document the relationship between the derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions. This documentation includes linking cash flow hedges to specific assets and liabilities on the balance sheet. If designated as a hedge, we also formally assess, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in cash flows of the hedged items. Ineffective hedge gains and losses are recognized immediately in current earnings as noninterest income or expense. We discontinue hedge accounting when we determine the derivative is no no |
Goodwill and Intangible Assets, Policy [Policy Text Block] | Goodwill and Core Deposit Intangible may not may not not 2017 2018, not no The core deposit intangible that arose from the Firstbank Corporation acquisition was initially measured at fair value and is being amortized into noninterest expense over a ten |
Revenue from Contract with Customer [Policy Text Block] | Revenue from Contracts with Customers 606, “Revenue from Contracts with Customers” 606” 606, not Our primary sources of revenue are derived from interest and dividends earned on loans, securities and other financial instruments that are not 606. not 606 |
New Accounting Pronouncements, Policy [Policy Text Block] | Adoption of New Accounting Standards: February 2016, 2016 02, Leases 2018 01, 2018 10, 2018 11 2018 20 12 December 15, 2018. January 1, 2019 $1.3 In June 2016, No. 2016 13, Measurement of Credit Losses on Financial Instruments 2018 19 not not December 15, 2019, December 15, 2018. first 2019 |
Note 2 - Securities (Tables)
Note 2 - Securities (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Available-for-sale Securities [Table Text Block] | Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value June 30, 2019 U.S. Government agency debt obligations $ 199,719,000 $ 2,489,000 $ (1,498,000 ) $ 200,710,000 Mortgage-backed securities 45,380,000 449,000 (142,000 ) 45,687,000 Municipal general obligation bonds 94,896,000 2,297,000 (58,000 ) 97,135,000 Municipal revenue bonds 3,847,000 50,000 (5,000 ) 3,892,000 Other investments 500,000 0 0 500,000 $ 344,342,000 $ 5,285,000 $ (1,703,000 ) $ 347,924,000 December 31, 201 8 U.S. Government agency debt obligations $ 196,109,000 $ 310,000 $ (9,342,000 ) $ 187,077,000 Mortgage-backed securities 44,263,000 187,000 (792,000 ) 43,658,000 Municipal general obligation bonds 103,235,000 427,000 (1,165,000 ) 102,497,000 Municipal revenue bonds 3,688,000 4,000 (58,000 ) 3,634,000 Other investments 500,000 0 0 500,000 $ 347,795,000 $ 928,000 $ (11,357,000 ) $ 337,366,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] | Less than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss June 30, 2019 U.S. Government agency debt obligations $ 0 $ 0 $ 82,942,000 $ 1,498,000 $ 82,942,000 $ 1,498,000 Mortgage-backed securities 0 0 20,419,000 142,000 20,419,000 142,000 Municipal general obligation bonds 797,000 4,000 7,614,000 54,000 8,411,000 58,000 Municipal revenue bonds 0 0 1,108,000 5,000 1,108,000 5,000 Other investments 0 0 0 0 0 0 $ 797,000 $ 4,000 $ 112,083,000 $ 1,699,000 $ 112,880,000 $ 1,703,000 Less than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2018 U.S. Government agency debt obligations $ 31,220,000 $ 1,136,000 $ 136,445,000 $ 8,206,000 $ 167,665,000 $ 9,342,000 Mortgage-backed securities 11,460,000 136,000 23,762,000 656,000 35,222,000 792,000 Municipal general obligation bonds 28,923,000 299,000 43,961,000 866,000 72,884,000 1,165,000 Municipal revenue bonds 1,188,000 11,000 1,372,000 47,000 2,560,000 58,000 Other investments 0 0 0 0 0 0 $ 72,791,000 $ 1,582,000 $ 205,540,000 $ 9,775,000 $ 278,331,000 $ 11,357,000 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Weighted Average Yield Amortized Cost Fair Value Due in 2019 2.02% $ 6,087,000 $ 6,085,000 Due in 2020 through 2024 2.29 67,392,000 67,859,000 Due in 2025 through 2029 2.72 115,087,000 116,683,000 Due in 2030 and beyond 3.20 109,896,000 111,110,000 Mortgage-backed securities 2.87 45,380,000 45,687,000 Other investments 6.00 500,000 500,000 Total available for sale securities 2.80% $ 344,342,000 $ 347,924,000 |
Note 3 - Loans and Allowance _2
Note 3 - Loans and Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Percent June 30, 2019 December 31, 2018 Increase Balance % Balance % (Decrease) Originated loans Commercial: Commercial and industrial $ 833,589,000 31.9 % $ 768,698,000 31.3 % 8.4 % Vacant land, land development, and residential construction 40,609,000 1.6 39,950,000 1.6 1.6 Real estate – owner occupied 513,016,000 19.7 500,188,000 20.4 2.6 Real estate – non-owner occupied 786,666,000 30.1 745,127,000 30.4 5.6 Real estate – multi-family and residential rental 101,051,000 3.9 98,035,000 4.0 3.1 Total commercial 2,274,931,000 87.2 2,151,998,000 87.7 5.7 Retail: Home equity and other 64,247,000 2.4 65,023,000 2.7 (1.2 ) 1-4 family mortgages 270,508,000 10.4 235,425,000 9.6 14.9 Total retail 334,755,000 12.8 300,448,000 12.3 11.4 Total originated loans $ 2,609,686,000 100.0 % $ 2,452,446,000 100.0 % 6.4 % Percent June 30, 2019 December 31, 2018 Increase Balance % Balance % (Decrease) Acquired loans Commercial: Commercial and industrial $ 47,607,000 17.5 % $ 54,025,000 18.0 % (11.9 %) Vacant land, land development, and residential construction 4,549,000 1.7 4,935,000 1.6 (7.8 ) Real estate – owner occupied 43,852,000 16.2 48,431,000 16.1 (9.5 ) Real estate – non-owner occupied 66,178,000 24.3 71,155,000 23.7 (7.0 ) Real estate – multi-family and residential rental 27,438,000 10.1 29,562,000 9.8 (7.2 ) Total commercial 189,624,000 69.8 208,108,000 69.2 (8.9 ) Retail: Home equity and other 17,073,000 6.3 20,416,000 6.8 (16.4 ) 1-4 family mortgages 65,110,000 23.9 72,115,000 24.0 (9.7 ) Total retail 82,183,000 30.2 92,531,000 30.8 (11.2 ) Total acquired loans $ 271,807,000 100.0 % $ 300,639,000 100.0 % (9.6 %) Percent June 30, 2019 December 31, 2018 Increase Balance % Balance % (Decrease) Total loans Commercial: Commercial and industrial $ 881,196,000 30.6 % $ 822,723,000 29.9 % 7.1 % Vacant land, land development, and residential construction 45,158,000 1.6 44,885,000 1.6 0.6 Real estate – owner occupied 556,868,000 19.3 548,619,000 19.9 1.5 Real estate – non-owner occupied 852,844,000 29.6 816,282,000 29.7 4.5 Real estate – multi-family and residential rental 128,489,000 4.4 127,597,000 4.6 0.7 Total commercial 2,464,555,000 85.5 2,360,106,000 85.7 4.4 Retail: Home equity and other 81,320,000 2.8 85,439,000 3.1 (4.8 ) 1-4 family mortgages 335,618,000 11.7 307,540,000 11.2 9.1 Total retail 416,938,000 14.5 392,979,000 14.3 6.1 Total loans $ 2,881,493,000 100.0 % $ 2,753,085,000 100.0 % 4.7 % |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Accretable Yield Movement [Table Text Block] | Balance at March 31, 2019 $ 1,270,000 Additions 7,000 Accretion income (106,000 ) Net reclassification from nonaccretable to accretable 83,000 Reductions (1) (19,000 ) Balance at June 30, 2019 $ 1,235,000 Balance at December 31, 2018 $ 1,274,000 Additions 9,000 Accretion income (225,000 ) Net reclassification from nonaccretable to accretable 204,000 Reductions (1) (27,000 ) Balance at June 30, 2019 $ 1,235,000 Balance at March 31, 2018 $ 1,319,000 Additions 0 Accretion income (123,000 ) Net reclassification from nonaccretable to accretable 86,000 Reductions (1) (35,000 ) Balance at June 30, 2018 $ 1,247,000 Balance at December 31, 2017 $ 1,404,000 Additions 0 Accretion income (254,000 ) Net reclassification from nonaccretable to accretable 172,000 Reductions (1) (75,000 ) Balance at June 30, 2018 $ 1,247,000 |
Financing Receivable, Nonaccrual [Table Text Block] | June 30, 2019 December 31, 2018 Loans past due 90 days or more still accruing interest $ 0 $ 0 Nonaccrual loans 723,000 803,000 Total nonperforming originated loans $ 723,000 $ 803,000 June 30, 2019 December 31, 2018 Loans past due 90 days or more still accruing interest $ 0 $ 0 Nonaccrual loans 2,782,000 3,338,000 Total nonperforming acquired loans $ 2,782,000 $ 3,338,000 June 30, 2019 December 31, 2018 Commercial: Commercial and industrial $ 2,000 $ 17,000 Vacant land, land development, and residential construction 0 0 Real estate – owner occupied 642,000 950,000 Real estate – non-owner occupied 26,000 0 Real estate – multi-family and residential rental 130,000 141,000 Total commercial 800,000 1,108,000 Retail: Home equity and other 419,000 454,000 1-4 family mortgages 2,286,000 2,579,000 Total retail 2,705,000 3,033,000 Total nonperforming loans $ 3,505,000 $ 4,141,000 |
Financing Receivable, Past Due [Table Text Block] | 30 – 59 Days Past Due 60 – 89 Days Past Due Greater Than 89 Days Past Due Total Past Due Current Total Loans Recorded Balance > 89 Days and Accruing Originated loans Commercial: Commercial and industrial $ 0 $ 0 $ 0 $ 0 $ 833,589,000 $ 833,589,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 40,609,000 40,609,000 0 Real estate – owner occupied 0 0 0 0 513,016,000 513,016,000 0 Real estate – non-owner occupied 0 0 0 0 786,666,000 786,666,000 0 Real estate – multi-family and residential rental 0 0 0 0 101,051,000 101,051,000 0 Total commercial 0 0 0 0 2,274,931,000 2,274,931,000 0 Retail: Home equity and other 7,000 0 0 7,000 64,240,000 64,247,000 0 1-4 family mortgages 0 0 108,000 108,000 270,400,000 270,508,000 0 Total retail 7,000 0 108,000 115,000 334,640,000 334,755,000 0 Total past due loans $ 7,000 $ 0 $ 108,000 $ 115,000 $ 2,609,571,000 $ 2,609,686,000 $ 0 30 – 59 Days Past Due 60 – 89 Days Past Due Greater Than 89 Days Past Due Total Past Due Current Total Loans Recorded Balance > 89 Days and Accruing Acquired loans Commercial: Commercial and industrial $ 0 $ 0 $ 0 $ 0 $ 47,607,000 $ 47,607,000 $ 0 Vacant land, land development, and residential construction 122,000 0 0 122,000 4,427,000 4,549,000 0 Real estate – owner occupied 0 105,000 0 105,000 43,747,000 43,852,000 0 Real estate – non-owner occupied 96,000 0 26,000 122,000 66,056,000 66,178,000 0 Real estate – multi-family and residential rental 0 0 0 0 27,438,000 27,438,000 0 Total commercial 218,000 105,000 26,000 349,000 189,275,000 189,624,000 0 Retail: Home equity and other 126,000 13,000 20,000 159,000 16,914,000 17,073,000 0 1-4 family mortgages 187,000 141,000 413,000 741,000 64,369,000 65,110,000 0 Total retail 313,000 154,000 433,000 900,000 81,283,000 82,183,000 0 Total past due loans $ 531,000 $ 259,000 $ 459,000 $ 1,249,000 $ 270,558,000 $ 271,807,000 $ 0 30 – 59 Days Past Due 60 – 89 Days Past Due Greater Than 89 Days Past Due Total Past Due Current Total Loans Recorded Balance > 89 Days and Accruing Originated loans Commercial: Commercial and industrial $ 186,000 $ 0 $ 0 $ 186,000 $ 768,512,000 $ 768,698,000 $ 0 Vacant land, land development, and residential construction 0 0 0 0 39,950,000 39,950,000 0 Real estate – owner occupied 0 0 0 0 500,188,000 500,188,000 0 Real estate – non-owner occupied 0 0 0 0 745,127,000 745,127,000 0 Real estate – multi-family and residential rental 0 0 0 0 98,035,000 98,035,000 0 Total commercial 186,000 0 0 186,000 2,151,812,000 2,151,998,000 0 Retail: Home equity and other 44,000 0 0 44,000 64,979,000 65,023,000 0 1-4 family mortgages 291,000 0 137,000 428,000 234,997,000 235,425,000 0 Total retail 335,000 0 137,000 472,000 299,976,000 300,448,000 0 Total past due loans $ 521,000 $ 0 $ 137,000 $ 658,000 $ 2,451,788,000 $ 2,452,446,000 $ 0 30 – 59 Days Past Due 60 – 89 Days Past Due Greater Than 89 Days Past Due Total Past Due Current Total Loans Recorded Balance > 89 Days and Accruing Acquired Loans Commercial: Commercial and industrial $ 8,000 $ 0 $ 0 $ 8,000 $ 54,017,000 $ 54,025,000 $ 0 Vacant land, land development, and residential construction 19,000 0 0 19,000 4,916,000 4,935,000 0 Real estate – owner occupied 108,000 950,000 0 1,058,000 47,373,000 48,431,000 0 Real estate – non-owner occupied 62,000 0 0 62,000 71,093,000 71,155,000 0 Real estate – multi-family and residential rental 0 0 0 0 29,562,000 29,562,000 0 Total commercial 197,000 950,000 0 1,147,000 206,961,000 208,108,000 0 Retail: Home equity and other 167,000 31,000 0 198,000 20,218,000 20,416,000 0 1-4 family mortgages 821,000 347,000 612,000 1,780,000 70,335,000 72,115,000 0 Total retail 988,000 378,000 612,000 1,978,000 90,553,000 92,531,000 0 Total past due loans $ 1,185,000 $ 1,328,000 $ 612,000 $ 3,125,000 $ 297,514,000 $ 300,639,000 $ 0 |
Impaired Financing Receivables [Table Text Block] | Unpaid Contractual Principal Balance Recorded Principal Balance Related Allowance Second Quarter Average Recorded Principal Balance Year-To- Date Average Recorded Principal Balance With no related allowance recorded Commercial: Commercial and industrial $ 10,007,000 $ 10,007,000 $ 9,792,000 $ 9,396,000 Vacant land, land development and residential construction 88,000 88,000 90,000 91,000 Real estate – owner occupied 2,059,000 2,059,000 1,281,000 1,064,000 Real estate – non-owner occupied 0 0 0 0 Real estate – multi-family and residential rental 135,000 126,000 63,000 42,000 Total commercial 12,289,000 12,280,000 11,226,000 10,593,000 Retail: Home equity and other 829,000 807,000 707,000 667,000 1-4 family mortgages 910,000 338,000 351,000 364,000 Total retail 1,739,000 1,145,000 1,058,000 1,031,000 Total with no related allowance recorded $ 14,028,000 $ 13,425,000 $ 12,284,000 $ 11,624,000 Unpaid Contractual Principal Balance Recorded Principal Balance Related Allowance Second Quarter Average Recorded Principal Balance Year-To- Date Average Recorded Principal Balance With an allowance recorded Commercial: Commercial and industrial $ 13,656,000 $ 13,656,000 $ 2,051,000 $ 9,581,000 $ 8,058,000 Vacant land, land development and residential construction 0 0 0 0 0 Real estate – owner occupied 0 0 0 1,348,000 1,785,000 Real estate – non-owner occupied 0 0 0 0 0 Real estate – multi-family and residential rental 0 0 0 65,000 89,000 Total commercial 13,656,000 13,656,000 2,051,000 10,994,000 9,932,000 Retail: Home equity and other 386,000 373,000 158,000 377,000 395,000 1-4 family mortgages 406,000 331,000 18,000 334,000 336,000 Total retail 792,000 704,000 176,000 711,000 731,000 Total with an allowance recorded $ 14,448,000 $ 14,360,000 $ 2,227,000 $ 11,705,000 $ 10,663,000 Total impaired loans: Commercial $ 25,945,000 $ 25,936,000 $ 2,051,000 $ 22,220,000 $ 20,525,000 Retail 2,531,000 1,849,000 176,000 1,769,000 1,762,000 Total impaired loans $ 28,476,000 $ 27,785,000 $ 2,227,000 $ 23,989,000 $ 22,287,000 Unpaid Contractual Principal Balance Recorded Principal Balance Related Allowance Second Quarter Average Recorded Principal Balance Year-To- Date Average Recorded Principal Balance With no related allowance recorded Commercial: Commercial and industrial $ 360,000 $ 353,000 $ 422,000 $ 414,000 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 944,000 916,000 802,000 932,000 Real estate – non-owner occupied 213,000 211,000 175,000 117,000 Real estate – multi-family and residential rental 40,000 21,000 26,000 26,000 Total commercial 1,557,000 1,501,000 1,425,000 1,489,000 Retail: Home equity and other 686,000 628,000 653,000 555,000 1-4 family mortgages 2,462,000 1,734,000 1,850,000 1,850,000 Total retail 3,148,000 2,362,000 2,503,000 2,405,000 Total with no related allowance recorded $ 4,705,000 $ 3,863,000 $ 3,928,000 $ 3,894,000 Unpaid Contractual Principal Balance Recorded Principal Balance Related Allowance Second Quarter Average Recorded Principal Balance Year-To- Date Average Recorded Principal Balance With an allowance recorded Commercial: Commercial and industrial $ 140,000 $ 138,000 $ 32,000 $ 106,000 $ 126,000 Vacant land, land development and residential construction 0 0 0 0 0 Real estate – owner occupied 0 0 0 36,000 73,000 Real estate – non-owner occupied 0 0 0 47,000 101,000 Real estate – multi-family and residential rental 0 0 0 0 1,000 Total commercial 140,000 138,000 32,000 189,000 301,000 Retail: Home equity and other 243,000 241,000 107,000 195,000 277,000 1-4 family mortgages 408,000 385,000 83,000 305,000 327,000 Total retail 651,000 626,000 190,000 500,000 604,000 Total with an allowance recorded $ 791,000 $ 764,000 $ 222,000 $ 689,000 $ 905,000 Total impaired loans: Commercial $ 1,697,000 $ 1,639,000 $ 32,000 $ 1,614,000 $ 1,790,000 Retail 3,799,000 2,988,000 190,000 3,003,000 3,009,000 Total impaired loans $ 5,496,000 $ 4,627,000 $ 222,000 $ 4,617,000 $ 4,799,000 Unpaid Contractual Principal Balance Recorded Principal Balance Related Allowance Second Quarter Average Recorded Principal Balance Year-To- Date Average Recorded Principal Balance With no related allowance recorded Commercial: Commercial and industrial $ 8,604,000 $ 8,604,000 $ 373,000 $ 308,000 Vacant land, land development and residential construction 94,000 94,000 50,000 45,000 Real estate – owner occupied 632,000 632,000 1,453,000 1,453,000 Real estate – non-owner occupied 0 0 0 0 Real estate – multi-family and residential rental 0 0 283,000 305,000 Total commercial 9,330,000 9,330,000 2,159,000 2,111,000 Retail: Home equity and other 607,000 586,000 684,000 683,000 1-4 family mortgages 1,053,000 390,000 405,000 422,000 Total retail 1,660,000 976,000 1,089,000 1,105,000 Total with no related allowance recorded $ 10,990,000 $ 10,306,000 $ 3,248,000 $ 3,216,000 Unpaid Contractual Principal Balance Recorded Principal Balance Related Allowance Second Quarter Average Recorded Principal Balance Year-To- Date Average Recorded Principal Balance With an allowance recorded Commercial: Commercial and industrial $ 5,011,000 $ 5,011,000 $ 83,000 $ 2,089,000 $ 2,389,000 Vacant land, land development and residential construction 0 0 0 0 0 Real estate – owner occupied 2,658,000 2,658,000 363,000 1,713,000 1,606,000 Real estate – non-owner occupied 0 0 0 0 0 Real estate – multi-family and residential rental 140,000 135,000 5,000 143,000 96,000 Total commercial 7,809,000 7,804,000 451,000 3,945,000 4,091,000 Retail: Home equity and other 442,000 431,000 194,000 494,000 712,000 1-4 family mortgages 409,000 341,000 44,000 351,000 270,000 Total retail 851,000 772,000 238,000 845,000 982,000 Total with an allowance recorded $ 8,660,000 $ 8,576,000 $ 689,000 $ 4,790,000 $ 5,073,000 Total impaired loans: Commercial $ 17,139,000 $ 17,134,000 $ 451,000 $ 6,104,000 $ 6,202,000 Retail 2,511,000 1,748,000 238,000 1,934,000 2,087,000 Total impaired loans $ 19,650,000 $ 18,882,000 $ 689,000 $ 8,038,000 $ 8,289,000 Unpaid Contractual Principal Balance Recorded Principal Balance Related Allowance Second Quarter Average Recorded Principal Balance Year-To- Date Average Recorded Principal Balance With no related allowance recorded Commercial: Commercial and industrial $ 398,000 $ 398,000 $ 720,000 $ 821,000 Vacant land, land development and residential construction 0 0 0 0 Real estate – owner occupied 1,193,000 1,193,000 677,000 671,000 Real estate – non-owner occupied 0 0 228,000 231,000 Real estate – multi-family and residential rental 45,000 26,000 42,000 101,000 Total commercial 1,636,000 1,617,000 1,667,000 1,824,000 Retail: Home equity and other 388,000 361,000 710,000 642,000 1-4 family mortgages 2,494,000 1,849,000 2,000,000 2,051,000 Total retail 2,882,000 2,210,000 2,710,000 2,693,000 Total with no related allowance recorded $ 4,518,000 $ 3,827,000 $ 4,377,000 $ 4,517,000 Unpaid Contractual Principal Balance Recorded Principal Balance Related Allowance Second Quarter Average Recorded Principal Balance Year-To- Date Average Recorded Principal Balance With an allowance recorded Commercial: Commercial and industrial $ 175,000 $ 166,000 $ 43,000 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 0 0 Real estate – owner occupied 147,000 147,000 0 799,000 533,000 Real estate – non-owner occupied 210,000 210,000 0 0 0 Real estate – multi-family and residential rental 3,000 3,000 0 0 0 Total commercial 535,000 526,000 43,000 799,000 533,000 Retail: Home equity and other 462,000 440,000 178,000 17,000 12,000 1-4 family mortgages 418,000 371,000 89,000 0 0 Total retail 880,000 811,000 267,000 17,000 12,000 Total with an allowance recorded $ 1,415,000 $ 1,337,000 $ 310,000 $ 816,000 $ 545,000 Total impaired loans: Commercial $ 2,171,000 $ 2,143,000 $ 43,000 $ 2,466,000 $ 2,357,000 Retail 3,762,000 3,021,000 267,000 2,727,000 2,705,000 Total impaired loans $ 5,933,000 $ 5,164,000 $ 310,000 $ 5,193,000 $ 5,062,000 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi-Family and Residential Rental Internal credit risk grade groupings: Grades 1 – 4 $ 521,211,000 $ 24,520,000 $ 320,067,000 $ 544,164,000 $ 72,767,000 Grades 5 – 7 288,248,000 16,001,000 190,466,000 242,415,000 28,109,000 Grades 8 – 9 24,130,000 88,000 2,483,000 87,000 175,000 Total commercial $ 833,589,000 $ 40,609,000 $ 513,016,000 $ 786,666,000 $ 101,051,000 Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi- Family and Residential Rental Internal credit risk grade groupings: Grades 1 – 4 $ 28,882,000 $ 1,126,000 $ 19,972,000 $ 51,606,000 $ 16,409,000 Grades 5 – 7 18,213,000 3,176,000 22,750,000 14,404,000 10,987,000 Grades 8 – 9 512,000 247,000 1,130,000 168,000 42,000 Total commercial $ 47,607,000 $ 4,549,000 $ 43,852,000 $ 66,178,000 $ 27,438,000 Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi- Family and Residential Rental Internal credit risk grade groupings: Grades 1 – 4 $ 508,611,000 $ 28,170,000 $ 325,459,000 $ 526,445,000 $ 75,051,000 Grades 5 – 7 238,942,000 11,686,000 163,455,000 218,682,000 22,798,000 Grades 8 – 9 21,145,000 94,000 11,274,000 0 186,000 Total commercial $ 768,698,000 $ 39,950,000 $ 500,188,000 $ 745,127,000 $ 98,035,000 Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi- Family and Residential Rental Internal credit risk grade groupings: Grades 1 – 4 $ 34,678,000 $ 1,246,000 $ 21,595,000 $ 54,401,000 $ 16,050,000 Grades 5 – 7 19,122,000 3,431,000 25,485,000 16,687,000 13,460,000 Grades 8 – 9 225,000 258,000 1,351,000 67,000 52,000 Total commercial $ 54,025,000 $ 4,935,000 $ 48,431,000 $ 71,155,000 $ 29,562,000 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Commercial Loans Retail Loans Unallocated Total Allowance for loan losses: Balance at March 31, 2019 $ 20,050,000 $ 2,140,000 $ 228,000 $ 22,418,000 Provision for loan losses 979,000 50,000 (131,000 ) 898,000 Charge-offs (2,000 ) (75,000 ) 0 (77,000 ) Recoveries 46,000 46,000 0 92,000 Ending balance $ 21,073,000 $ 2,161,000 $ 97,000 $ 23,331,000 Allowance for loan losses: Balance at December 31, 2018 $ 19,442,000 $ 2,068,000 $ 44,000 $ 21,554,000 Provision for loan losses 1,559,000 255,000 53,000 1,867,000 Charge-offs (2,000 ) (250,000 ) 0 (252,000 ) Recoveries 74,000 88,000 0 162,000 Ending balance $ 21,073,000 $ 2,161,000 $ 97,000 $ 23,331,000 Ending balance: individually evaluated for impairment $ 2,051,000 $ 176,000 $ 0 $ 2,227,000 Ending balance: collectively evaluated for impairment $ 19,022,000 $ 1,985,000 $ 97,000 $ 21,104,000 Total loans: Ending balance $ 2,274,931,000 $ 334,755,000 $ 2,609,686,000 Ending balance: individually evaluated for impairment $ 25,936,000 $ 1,849,000 $ 27,785,000 Ending balance: collectively evaluated for impairment $ 2,248,995,000 $ 332,906,000 $ 2,581,901,000 Commercial Loans Retail Loans Unallocated Total Allowance for loan losses: Balance at March 31, 2019 $ 161,000 $ 556,000 $ 0 $ 717,000 Provision for loan losses 36,000 (34,000 ) 0 2,000 Charge-offs 0 0 0 0 Recoveries 1,000 2,000 0 3,000 Ending balance $ 198,000 $ 524,000 $ 0 $ 722,000 Allowance for loan losses: Balance at December 31, 2018 $ 177,000 $ 649,000 $ 0 $ 826,000 Provision for loan losses 20,000 (137,000 ) 0 (117,000 ) Charge-offs 0 0 0 0 Recoveries 1,000 12,000 0 13,000 Ending balance $ 198,000 $ 524,000 $ 0 $ 722,000 Commercial Loans Retail Loans Unallocated Total Allowance for loan losses: Balance at March 31, 2018 $ 16,865,000 $ 2,001,000 $ 215,000 $ 19,081,000 Provision for loan losses 892,000 297,000 (275,000 ) 914,000 Charge-offs (85,000 ) (189,000 ) 0 (274,000 ) Recoveries 654,000 107,000 0 761,000 Ending balance $ 18,326,000 $ 2,216,000 $ (60,000 ) $ 20,482,000 Allowance for loan losses: Balance at December 31, 2017 $ 16,456,000 $ 2,584,000 $ 93,000 $ 19,133,000 Provision for loan losses 551,000 (266,000 ) (153,000 ) 132,000 Charge-offs (342,000 ) (324,000 ) 0 (666,000 ) Recoveries 1,661,000 222,000 0 1,883,000 Ending balance $ 18,326,000 $ 2,216,000 $ (60,000 ) $ 20,482,000 Ending balance: individually evaluated for impairment $ 391,000 $ 283,000 $ 0 $ 674,000 Ending balance: collectively evaluated for impairment $ 17,935,000 $ 1,933,000 $ (60,000 ) $ 19,808,000 Total loans: Ending balance $ 2,151,998,000 $ 300,448,000 $ 2,452,446,000 Ending balance: individually evaluated for impairment $ 17,134,000 $ 1,748,000 $ 18,882,000 Ending balance: collectively evaluated for impairment $ 2,134,864,000 $ 298,700,000 $ 2,433,564,000 Commercial Loans Retail Loans Unallocated Total Allowance for loan losses: Balance at March 31, 2018 $ 359,000 $ 534,000 $ 0 $ 893,000 Provision for loan losses (254,000 ) 40,000 0 (214,000 ) Charge-offs 0 0 0 0 Recoveries 0 6,000 0 6,000 Ending balance $ 105,000 $ 580,000 $ 0 $ 685,000 Allowance for loan losses: Balance at December 31, 2017 $ 291,000 $ 77,000 $ 0 $ 368,000 Provision for loan losses 60,000 508,000 0 568,000 Charge-offs (246,000 ) (15,000 ) 0 (261,000 ) Recoveries 0 10,000 0 10,000 Ending balance $ 105,000 $ 580,000 $ 0 $ 685,000 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Originated loans Commercial: Commercial and industrial 3 $ 14,040,000 $ 14,337,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 1 1,567,000 1,567,000 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total originated commercial 4 15,607,000 15,904,000 Retail: Home equity and other 2 23,000 23,000 1-4 family mortgages 0 0 0 Total originated retail 2 23,000 23,000 Total originated loans 6 $ 15,630,000 $ 15,927,000 Acquired loans Commercial: Commercial and industrial 0 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 0 0 0 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total acquired commercial 0 0 0 Retail: Home equity and other 2 70,000 71,000 1-4 family mortgages 3 122,000 122,000 Total acquired retail 5 192,000 193,000 Total acquired loans 5 $ 192,000 $ 193,000 Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Originated loans Commercial: Commercial and industrial 6 $ 14,429,000 $ 14,726,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 1 1,567,000 1,567,000 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total originated commercial 7 15,996,000 16,293,000 Retail: Home equity and other 2 23,000 23,000 1-4 family mortgages 0 0 0 Total originated retail 2 23,000 23,000 Total originated loans 9 $ 16,019,000 $ 16,316,000 Acquired loans Commercial: Commercial and industrial 0 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 1 690,000 679,000 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total acquired commercial 1 690,000 679,000 Retail: Home equity and other 6 140,000 141,000 1-4 family mortgages 4 154,000 154,000 Total acquired retail 10 294,000 295,000 Total acquired loans 11 $ 984,000 $ 974,000 Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Originated loans Commercial: Commercial and industrial 2 $ 974,000 $ 1,079,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 0 0 0 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total originated commercial 2 974,000 1,079,000 Retail: Home equity and other 0 0 0 1-4 family mortgages 0 0 0 Total originated retail 0 0 0 Total originated loans 2 $ 974,000 $ 1,079,000 Acquired loans Commercial: Commercial and industrial 0 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 0 0 0 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total acquired commercial 0 0 0 Retail: Home equity and other 5 113,000 114,000 1-4 family mortgages 1 24,000 24,000 Total acquired retail 6 137,000 138,000 Total acquired loans 6 $ 137,000 $ 138,000 Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Originated loans Commercial: Commercial and industrial 4 $ 1,068,000 $ 1,162,000 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 2 1,192,000 1,180,000 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total originated commercial 6 2,260,000 2,342,000 Retail: Home equity and other 1 50,000 50,000 1-4 family mortgages 0 0 0 Total originated retail 1 50,000 50,000 Total originated loans 7 $ 2,310,000 $ 2,392,000 Acquired loans Commercial: Commercial and industrial 0 $ 0 $ 0 Vacant land, land development and residential construction 0 0 0 Real estate – owner occupied 0 0 0 Real estate – non-owner occupied 0 0 0 Real estate – multi-family and residential rental 0 0 0 Total acquired commercial 0 0 0 Retail: Home equity and other 10 217,000 218,000 1-4 family mortgages 1 24,000 24,000 Total acquired retail 11 241,000 242,000 Total acquired loans 11 $ 241,000 $ 242,000 |
Troubled Debt Restructurings on Financing Receivables with in Previous Twelve Months that Became Over Thirty Days Past Due [Table Text Block] | Number of Contracts Recorded Principal Balance Commercial: Commercial and industrial 0 $ 0 Vacant land, land development and residential construction 0 0 Real estate – owner occupied 0 0 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 0 0 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 0 $ 0 Number of Contracts Recorded Principal Balance Commercial: Commercial and industrial 0 $ 0 Vacant land, land development and residential construction 0 0 Real estate – owner occupied 0 0 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 0 0 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 0 $ 0 Number of Contracts Recorded Principal Balance Commercial: Commercial and industrial 0 $ 0 Vacant land, land development and residential construction 0 0 Real estate – owner occupied 0 0 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 0 0 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 0 $ 0 Number of Contracts Recorded Principal Balance Commercial: Commercial and industrial 0 $ 0 Vacant land, land development and residential construction 0 0 Real estate – owner occupied 0 0 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 0 0 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 0 $ 0 Number of Contracts Recorded Principal Balance Commercial: Commercial and industrial 0 $ 0 Vacant land, land development and residential construction 0 0 Real estate – owner occupied 1 195,000 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 1 195,000 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 1 $ 195,000 Number of Contracts Recorded Principal Balance Commercial: Commercial and industrial 0 $ 0 Vacant land, land development and residential construction 0 0 Real estate – owner occupied 1 195,000 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 1 195,000 Retail: Home equity and other 0 0 1-4 family mortgages 0 0 Total retail 0 0 Total 1 $ 195,000 Number of Contracts Recorded Principal Balance Commercial: Commercial and industrial 0 $ 0 Vacant land, land development and residential construction 0 0 Real estate – owner occupied 0 0 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 0 0 Retail: Home equity and other 1 5,000 1-4 family mortgages 0 0 Total retail 1 5,000 Total 1 $ 5,000 Number of Contracts Recorded Principal Balance Commercial: Commercial and industrial 0 $ 0 Vacant land, land development and residential construction 0 0 Real estate – owner occupied 0 0 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 0 0 Retail: Home equity and other 1 5,000 1-4 family mortgages 0 0 Total retail 1 5,000 Total 1 $ 5,000 |
Trouble Debt Restructuring Activity [Table Text Block] | Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi-Family and Residential Rental Commercial Loan Portfolio: Beginning Balance $ 15,072,000 $ 0 $ 2,713,000 $ 0 $ 0 Charge-Offs 0 0 0 0 0 Payments (3,099,000 ) 0 (2,311,000 ) 0 0 Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 11,672,000 0 1,180,000 0 0 Ending Balance $ 23,645,000 $ 0 $ 1,582,000 $ 0 $ 0 Retail Home Equity and Other Retail 1-4 Family Mortgages Retail Loan Portfolio: Beginning Balance $ 915,000 $ 142,000 Charge-Offs 0 0 Payments (25,000 ) (1,000 ) Transfers to ORE 0 0 Net Additions/Deletions 23,000 0 Ending Balance $ 913,000 $ 141,000 Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi-Family and Residential Rental Commercial Loan Portfolio: Beginning Balance $ 538,000 $ 0 $ 982,000 $ 189,000 $ 21,000 Charge-Offs 0 0 0 0 0 Payments (49,000 ) 0 (66,000 ) (4,000 ) (4,000 ) Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 0 0 0 0 0 Ending Balance $ 489,000 $ 0 $ 916,000 $ 185,000 $ 17,000 Retail Home Equity and Other Retail 1-4 Family Mortgages Retail Loan Portfolio: Beginning Balance $ 529,000 $ 458,000 Charge-Offs (18,000 ) 0 Payments (37,000 ) (13,000 ) Transfers to ORE 0 0 Net Additions/Deletions 79,000 120,000 Ending Balance $ 553,000 $ 565,000 Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi-Family and Residential Rental Commercial Loan Portfolio: Beginning Balance $ 13,590,000 $ 0 $ 2,682,000 $ 0 $ 0 Charge-Offs 0 0 0 0 0 Payments (4,755,000 ) 0 (2,350,000 ) 0 0 Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 14,810,000 0 1,250,000 0 0 Ending Balance $ 23,645,000 $ 0 $ 1,582,000 $ 0 $ 0 Retail Home Equity and Other Retail 1-4 Family Mortgages Retail Loan Portfolio: Beginning Balance $ 938,000 $ 142,000 Charge-Offs 0 0 Payments (48,000 ) (1,000 ) Transfers to ORE 0 0 Net Additions/Deletions 23,000 0 Ending Balance $ 913,000 $ 141,000 Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi Family and Residential Rental Commercial Loan Portfolio: Beginning Balance $ 548,000 $ 0 $ 418,000 $ 210,000 $ 24,000 Charge-Offs 0 0 0 0 0 Payments (59,000 ) 0 (75,000 ) (25,000 ) (7,000 ) Transfers to ORE 0 0 (97,000 ) 0 0 Net Additions/Deletions 0 0 670,000 0 0 Ending Balance $ 489,000 $ 0 $ 916,000 $ 185,000 $ 17,000 Retail Home Equity and Other Retail 1-4 Family Mortgages Retail Loan Portfolio: Beginning Balance $ 464,000 $ 436,000 Charge-Offs (18,000 ) 0 Payments (42,000 ) (23,000 ) Transfers to ORE 0 0 Net Additions/Deletions 149,000 152,000 Ending Balance $ 553,000 $ 565,000 Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi Family and Residential Rental Commercial Loan Portfolio: Beginning Balance $ 1,982,000 $ 338,000 $ 4,548,000 $ 0 $ 0 Charge-Offs 0 0 0 0 0 Payments (53,000 ) (109,000 ) (2,764,000 ) 0 0 Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 496,000 0 0 0 0 Ending Balance $ 2,425,000 $ 229,000 $ 1,784,000 $ 0 $ 0 Retail Home Equity and Other Retail 1-4 Family Mortgages Retail Loan Portfolio: Beginning Balance $ 1,169,000 $ 144,000 Charge-Offs 0 0 Payments (150,000 ) (1,000 ) Transfers to ORE 0 0 Net Additions/Deletions 0 0 Ending Balance $ 1,019,000 $ 143,000 Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi Family and Residential Rental Commercial Loan Portfolio: Beginning Balance $ 716,000 $ 0 $ 2,007,000 $ 232,000 $ 36,000 Charge-Offs 0 0 0 0 0 Payments (22,000 ) 0 (1,614,000 ) (7,000 ) (4,000 ) Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 0 0 0 0 0 Ending Balance $ 694,000 $ 0 $ 393,000 $ 225,000 $ 32,000 Retail Home Equity and Other Retail 1-4 Family Mortgages Retail Loan Portfolio: Beginning Balance $ 240,000 $ 384,000 Charge-Offs (15,000 ) 0 Payments (36,000 ) (8,000 ) Transfers to ORE 0 0 Net Additions/Deletions 113,000 24,000 Ending Balance $ 302,000 $ 400,000 Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi Family and Residential Rental Commercial Loan Portfolio: Beginning Balance $ 2,989,000 $ 383,000 $ 1,599,000 $ 0 $ 0 Charge-Offs (230,000 ) 0 0 0 0 Payments (935,000 ) (154,000 ) (3,619,000 ) 0 0 Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 601,000 0 3,804,000 0 0 Ending Balance $ 2,425,000 $ 229,000 $ 1,784,000 $ 0 $ 0 Retail Home Equity and Other Retail 1-4 Family Mortgages Retail Loan Portfolio: Beginning Balance $ 1,127,000 $ 146,000 Charge-Offs 0 0 Payments (158,000 ) (3,000 ) Transfers to ORE 0 0 Net Additions/Deletions 50,000 0 Ending Balance $ 1,019,000 $ 143,000 Commercial and Industrial Commercial Vacant Land, Land Development, and Residential Construction Commercial Real Estate - Owner Occupied Commercial Real Estate - Non-Owner Occupied Commercial Real Estate - Multi Family and Residential Rental Commercial Loan Portfolio: Beginning Balance $ 1,001,000 $ 0 $ 427,000 $ 237,000 $ 41,000 Charge-Offs (275,000 ) 0 0 0 0 Payments (32,000 ) 0 (1,633,000 ) (12,000 ) (9,000 ) Transfers to ORE 0 0 0 0 0 Net Additions/Deletions 0 0 1,599,000 0 0 Ending Balance $ 694,000 $ 0 $ 393,000 $ 225,000 $ 32,000 Retail Home Equity and Other Retail 1-4 Family Mortgages Retail Loan Portfolio: Beginning Balance $ 219,000 $ 393,000 Charge-Offs (30,000 ) 0 Payments (37,000 ) (17,000 ) Transfers to ORE (82,000 ) 0 Net Additions/Deletions 232,000 24,000 Ending Balance $ 302,000 $ 400,000 |
Allowance Related to Loans Categorized as Troubled Debt Restructurings [Table Text Block] | June 30, 2019 December 31, 2018 Commercial: Commercial and industrial $ 2,083,000 $ 126,000 Vacant land, land development, and residential construction 0 0 Real estate – owner occupied 0 363,000 Real estate – non-owner occupied 0 0 Real estate – multi-family and residential rental 0 0 Total commercial 2,083,000 489,000 Retail: Home equity and other 234,000 337,000 1-4 family mortgages 95,000 110,000 Total retail 329,000 447,000 Total related allowance $ 2,412,000 $ 936,000 |
Retail Portfolio Segment [Member] | |
Notes Tables | |
Financing Receivable Credit Quality Indicators [Table Text Block] | Retail Home Equity and Other Retail 1-4 Family Mortgages Total retail $ 64,247,000 $ 270,508,000 Retail Home Equity and Other Retail 1-4 Family Mortgages Total retail $ 17,073,000 $ 65,110,000 Retail Home Equity and Other Retail 1-4 Family Mortgages Total retail $ 65,023,000 $ 235,425,000 Retail Home Equity and Other Retail 1-4 Family Mortgages Total retail $ 20,416,000 $ 72,115,000 |
Note 4 - Premises and Equipme_2
Note 4 - Premises and Equipment, Net (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | June 30, 2019 December 31, 2018 Land and improvements $ 18,140,000 $ 18,198,000 Buildings 49,120,000 45,362,000 Furniture and equipment 19,762,000 18,139,000 87,022,000 81,699,000 Less: accumulated depreciation 35,199,000 33,378,000 Premises and equipment, net $ 51,823,000 $ 48,321,000 |
Note 5 - Deposits (Tables)
Note 5 - Deposits (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Summary of Deposits and Percentage Change in Deposits [Table Text Block] | June 30, 2019 December 31, 2018 Percent Increase Balance % Balance % (Decrease) Noninterest-bearing checking $ 918,581,000 35.1 % $ 889,784,000 36.1 % 3.2 % Interest-bearing checking 286,531,000 10.9 339,089,000 13.8 (15.5 ) Money market 484,177,000 18.5 434,333,000 17.6 11.5 Savings 270,563,000 10.3 317,014,000 12.9 (14.7 ) Time, under $100,000 205,452,000 7.8 160,092,000 6.5 28.3 Time, $100,000 and over 284,460,000 10.9 210,164,000 8.5 35.4 Total local deposits 2,449,764,000 93.5 2,350,476,000 95.4 4.2 Out-of-area time, under $100,000 0 NA 0 NA NA Out-of-area time, $100,000 and over 169,445,000 6.5 113,232,000 4.6 49.6 Total out-of-area deposits 169,445,000 6.5 113,232,000 4.6 49.6 Total deposits $ 2,619,209,000 100.0 % $ 2,463,708,000 100.0 % 6.3 % |
Note 6 - Securities Sold Unde_2
Note 6 - Securities Sold Under Agreements to Repurchase (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Repurchase Agreements [Table Text Block] | Six Months Ended June 30, 2019 Twelve Months Ended December 31, 2018 Outstanding balance at end of period $ 119,669,000 $ 103,519,000 Average interest rate at end of period 0.26 % 0.26 % Average daily balance during the period $ 103,172,000 $ 101,005,000 Average interest rate during the period 0.25 % 0.24 % Maximum daily balance during the period $ 124,288,000 $ 123,046,000 |
Note 7 - Federal Home Loan Ba_2
Note 7 - Federal Home Loan Bank of Indianapolis Advances (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Maturities of Currently Outstanding FHLB Advances [Table Text Block] | 2019 $ 20,000,000 2020 40,000,000 2021 70,000,000 2022 94,000,000 2023 80,000,000 Thereafter 70,000,000 |
Note 8 - Commitments and Off-_2
Note 8 - Commitments and Off-balance Sheet Risk (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Summary of Contractual Amounts of Financial Instruments With Off Balance Sheet Risk [Table Text Block] | June 30, 2019 December 31, 2018 Commercial unused lines of credit $ 773,984,000 $ 784,895,000 Unused lines of credit secured by 1 – 4 family residential properties 58,910,000 57,378,000 Credit card unused lines of credit 53,475,000 47,432,000 Other consumer unused lines of credit 19,178,000 20,231,000 Commitments to make loans 91,263,000 101,517,000 Standby letters of credit 22,515,000 25,322,000 $ 1,019,325,000 $ 1,036,775,000 |
Note 9 - Fair Values of Finan_2
Note 9 - Fair Values of Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Level in June 30, 2019 December 31, 2018 Fair Value Hierarchy Carrying Values Fair Values Carrying Values Fair Values Financial assets: Cash Level 1 $ 14,055 $ 14,055 $ 15,656 $ 15,656 Cash equivalents Level 2 136,370 136,370 59,698 59,698 Securities available for sale (1) 347,924 347,924 337,366 337,366 FHLBI stock (2) 18,002 18,002 16,022 16,022 Loans, net Level 3 2,852,940 2,876,906 2,729,583 2,711,687 Loans held for sale Level 2 4,500 4,500 1,122 1,122 Mortgage servicing rights Level 2 4,201 7,239 4,436 8,444 Accrued interest receivable Level 2 10,430 10,430 9,896 9,896 Financial liabilities: Deposits Level 2 2,619,209 2,516,965 2,463,708 2,471,617 Repurchase agreements Level 2 119,669 119,669 103,519 103,519 FHLBI advances Level 2 374,000 380,720 350,000 348,428 Subordinated debentures Level 2 46,540 46,248 46,199 46,543 Accrued interest payable Level 2 3,989 3,989 2,249 2,249 |
Note 10 - Fair Values (Tables)
Note 10 - Fair Values (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities U.S. Government agency debt obligations $ 200,710,000 $ 0 $ 200,710,000 $ 0 Mortgage-backed securities 45,687,000 0 45,687,000 0 Municipal general obligation bonds 97,135,000 0 94,440,000 2,695,000 Municipal revenue bonds 3,892,000 0 3,892,000 0 Other investments 500,000 0 500,000 0 Total $ 347,924,000 $ 0 $ 345,229,000 $ 2,695,000 Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Available for sale securities U.S. Government agency debt obligations $ 187,077,000 $ 0 $ 187,077,000 $ 0 Mortgage-backed securities 43,658,000 0 43,658,000 0 Municipal general obligation bonds 102,497,000 0 98,768,000 3,729,000 Municipal revenue bonds 3,634,000 0 3,634,000 0 Other investments 500,000 0 500,000 0 Total $ 337,366,000 $ 0 $ 333,637,000 $ 3,729,000 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans $ 15,395,000 $ 0 $ 0 $ 15,395,000 Foreclosed assets 446,000 0 0 446,000 Total $ 15,841,000 $ 0 $ 0 $ 15,841,000 Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans $ 8,181,000 $ 0 $ 0 $ 8,181,000 Foreclosed assets 811,000 0 0 811,000 Total $ 8,992,000 $ 0 $ 0 $ 8,992,000 |
Note 11 - Regulatory Matters (T
Note 11 - Regulatory Matters (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Actual Minimum Required for Capital Adequacy Purposes Minimum Required to be Well Capitalized Under Prompt Corrective Action Regulations Amount Ratio Amount Ratio Amount Ratio June 30, 2019 Total capital (to risk weighted assets) Consolidated $ 412,841 12.6 % $ 263,197 8.0 % NA NA Bank 406,912 12.4 263,153 8.0 328,941 10.0 % Tier 1 capital (to risk weighted assets) Consolidated 388,788 11.8 197,398 6.0 NA NA Bank 382,859 11.6 197,365 6.0 263,153 8.0 Common equity tier 1 (to risk weighted assets) Consolidated 344,323 10.5 148,049 4.5 NA NA Bank 382,859 11.6 148,024 4.5 213,812 6.5 Tier 1 capital (to average assets) Consolidated 388,788 11.2 139,236 4.0 NA NA Bank 382,859 11.0 139,219 4.0 174,024 5.0 December 31, 2018 Total capital (to risk weighted assets) Consolidated $ 396,102 12.5 % $ 253,413 8.0 % NA NA Bank 388,591 12.3 253,225 8.0 316,531 10.0 % Tier 1 capital (to risk weighted assets) Consolidated 373,721 11.8 190,060 6.0 NA NA Bank 366,211 11.6 189,919 6.0 253,225 8.0 Common equity tier 1 (to risk weighted assets) Consolidated 329,596 10.4 142,545 4.5 NA NA Bank 366,211 11.6 142,439 4.5 205,745 6.5 Tier 1 capital (to average assets) Consolidated 373,721 11.4 131,014 4.0 NA NA Bank 366,211 11.2 130,913 4.0 163,641 5.0 |
Note 1 - Significant Accounti_2
Note 1 - Significant Accounting Policies (Details Textual) $ in Millions | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2019USD ($)shares | Jun. 30, 2018shares | Jun. 30, 2019USD ($)shares | Jun. 30, 2018shares | Jan. 01, 2019USD ($) | Dec. 31, 2018USD ($) | |
Number of Unconsolidated Business Trusts Formed to Issue Trust Preferred Securities | 5 | 5 | ||||
Interest Income on Commercial and Mortgage Loans Discontinued Period | 90 days | |||||
Maximum Delinquency Period for Consumer and Credit Card Loans to be Charged Off | 120 days | |||||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Ending Balance | $ 4.5 | $ 4.5 | $ 1.1 | |||
Servicing Asset, Total | $ 629 | $ 629 | ||||
Accounting Standards Update 2016-02 [Member] | ||||||
Operating Lease, Right-of-Use Asset | $ 1.3 | |||||
Operating Lease, Liability, Total | $ 1.3 | |||||
Core Deposits [Member] | ||||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life | 10 years | |||||
Restricted Stock [Member] | ||||||
Incremental Common Shares Attributable to Participating Nonvested Shares with Non-forfeitable Dividend Rights | shares | 261,000 | 234,000 | 261,000 | 234,000 | ||
Share-based Payment Arrangement, Option [Member] | ||||||
Incremental Common Shares Attributable to Participating Nonvested Shares with Non-forfeitable Dividend Rights | shares | 10,000 | 17,000 | 10,000 | 17,000 | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares | 7,000 | 7,000 | 7,000 | 7,000 |
Note 2 - Securities (Details Te
Note 2 - Securities (Details Textual) | Jun. 30, 2019USD ($) | Dec. 31, 2018USD ($) |
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 123 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | $ 112,880,000 | $ 278,331,000 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total | 1,703,000 | 11,357,000 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held, Ending Balance | 0 | |
Debt Securities, Available-for-sale, Amortized Cost, Total | 344,342,000 | 347,795,000 |
Debt Securities, Available-for-sale, Total | 347,924,000 | 337,366,000 |
State of Michigan and All Its Political Subdivisions [Member] | ||
Debt Securities, Available-for-sale, Amortized Cost, Total | 91,200,000 | 98,200,000 |
Debt Securities, Available-for-sale, Total | 93,500,000 | 97,400,000 |
All Other States and Their Political Subdivisions [Member] | ||
Debt Securities, Available-for-sale, Amortized Cost, Total | 7,500,000 | 8,700,000 |
Debt Securities, Available-for-sale, Total | 7,500,000 | 8,700,000 |
US Government Agency Debt Obligations and Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale, Restricted | $ 120,000,000 | $ 104,000,000 |
Note 2 - Securities - Available
Note 2 - Securities - Available-for-sale Securities (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Securities available for sale, amortized cost | $ 344,342,000 | $ 347,795,000 |
Securities available for sale, gross unrealized gains | 5,285,000 | 928,000 |
Securities available for sale, gross unrealized losses | (1,703,000) | (11,357,000) |
Securities available for sale, fair value | 347,924,000 | 337,366,000 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale, amortized cost | 199,719,000 | 196,109,000 |
Securities available for sale, gross unrealized gains | 2,489,000 | 310,000 |
Securities available for sale, gross unrealized losses | (1,498,000) | (9,342,000) |
Securities available for sale, fair value | 200,710,000 | 187,077,000 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available for sale, amortized cost | 45,380,000 | 44,263,000 |
Securities available for sale, gross unrealized gains | 449,000 | 187,000 |
Securities available for sale, gross unrealized losses | (142,000) | (792,000) |
Securities available for sale, fair value | 45,687,000 | 43,658,000 |
Municipal General Obligation Bonds [Member] | ||
Securities available for sale, amortized cost | 94,896,000 | 103,235,000 |
Securities available for sale, gross unrealized gains | 2,297,000 | 427,000 |
Securities available for sale, gross unrealized losses | (58,000) | (1,165,000) |
Securities available for sale, fair value | 97,135,000 | 102,497,000 |
Municipal Revenue Bonds [Member] | ||
Securities available for sale, amortized cost | 3,847,000 | 3,688,000 |
Securities available for sale, gross unrealized gains | 50,000 | 4,000 |
Securities available for sale, gross unrealized losses | (5,000) | (58,000) |
Securities available for sale, fair value | 3,892,000 | 3,634,000 |
Other Debt and Equity Securities [Member] | ||
Securities available for sale, amortized cost | 500,000 | 500,000 |
Securities available for sale, gross unrealized gains | 0 | 0 |
Securities available for sale, gross unrealized losses | 0 | 0 |
Securities available for sale, fair value | $ 500,000 | $ 500,000 |
Note 2 - Securities - Securitie
Note 2 - Securities - Securities in a Continuous Loss Position (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Securities available for sale, continuous unrealized loss position, less than 12 months | $ 797,000 | $ 72,791,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 4,000 | 1,582,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 112,083,000 | 205,540,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 1,699,000 | 9,775,000 |
Securities available for sale, continuous unrealized loss position | 112,880,000 | 278,331,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 1,703,000 | 11,357,000 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale, continuous unrealized loss position, less than 12 months | 0 | 31,220,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 0 | 1,136,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 82,942,000 | 136,445,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 1,498,000 | 8,206,000 |
Securities available for sale, continuous unrealized loss position | 82,942,000 | 167,665,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 1,498,000 | 9,342,000 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available for sale, continuous unrealized loss position, less than 12 months | 0 | 11,460,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 0 | 136,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 20,419,000 | 23,762,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 142,000 | 656,000 |
Securities available for sale, continuous unrealized loss position | 20,419,000 | 35,222,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 142,000 | 792,000 |
Municipal General Obligation Bonds [Member] | ||
Securities available for sale, continuous unrealized loss position, less than 12 months | 797,000 | 28,923,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 4,000 | 299,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 7,614,000 | 43,961,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 54,000 | 866,000 |
Securities available for sale, continuous unrealized loss position | 8,411,000 | 72,884,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 58,000 | 1,165,000 |
Municipal Revenue Bonds [Member] | ||
Securities available for sale, continuous unrealized loss position, less than 12 months | 0 | 1,188,000 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 0 | 11,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 1,108,000 | 1,372,000 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 5,000 | 47,000 |
Securities available for sale, continuous unrealized loss position | 1,108,000 | 2,560,000 |
Securities available for sale, continuous unrealized loss position, unrealized loss | 5,000 | 58,000 |
Other Debt and Equity Securities [Member] | ||
Securities available for sale, continuous unrealized loss position, less than 12 months | 0 | 0 |
Securities available for sale, continuous unrealized loss position, less than 12 months, unrealized loss | 0 | 0 |
Securities available for sale, continuous unrealized loss position, 12 months or more | 0 | 0 |
Securities available for sale, continuous unrealized loss position, 12 months or more, unrealized loss | 0 | 0 |
Securities available for sale, continuous unrealized loss position | 0 | 0 |
Securities available for sale, continuous unrealized loss position, unrealized loss | $ 0 | $ 0 |
Note 2 - Securities - Debt Secu
Note 2 - Securities - Debt Securities by Maturity (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Due in 2019, weighted average yield | 2.02% | |
Due in 2019, amortized cost | $ 6,087,000 | |
Due in 2019, fair value | $ 6,085,000 | |
Due in 2020 through 2024, weighted average yield | 2.29% | |
Due in 2020 through 2024, amortized cost | $ 67,392,000 | |
Due in 2020 through 2024, fair value | $ 67,859,000 | |
Due in 2025 through 2029, weighted average yield | 2.72% | |
Due in 2025 through 2029, amortized cost | $ 115,087,000 | |
Due in 2025 through 2029, fair value | $ 116,683,000 | |
Due in 2030 and beyond, weighted average yield | 3.20% | |
Due in 2030 and beyond, amortized cost | $ 109,896,000 | |
Due in 2030 and beyond, fair value | $ 111,110,000 | |
Weighted average yield | 2.80% | |
Amortized cost | $ 344,342,000 | $ 347,795,000 |
Securities available for sale, fair value | $ 347,924,000 | 337,366,000 |
Collateralized Mortgage Backed Securities [Member] | ||
No single maturity, weighted average yield | 2.87% | |
No single maturity, amortized cost | $ 45,380,000 | |
No single maturity, fair value | 45,687,000 | |
Amortized cost | 45,380,000 | 44,263,000 |
Securities available for sale, fair value | $ 45,687,000 | 43,658,000 |
Other Debt and Equity Securities [Member] | ||
No single maturity, weighted average yield | 6.00% | |
No single maturity, amortized cost | $ 500,000 | |
No single maturity, fair value | 500,000 | |
Amortized cost | 500,000 | 500,000 |
Securities available for sale, fair value | $ 500,000 | $ 500,000 |
Note 3 - Loans and Allowance _3
Note 3 - Loans and Allowance for Loan Losses (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | |
Loans and Leases Receivable, Net of Deferred Income, Total | $ 2,881,493,000 | $ 2,881,493,000 | $ 2,753,085,000 | ||
Loans and Leases Receivable Period Increase (Decrease) | $ 128,000,000 | ||||
Loans and Leases Receivable, Percentage Period Increase (Decrease) | 4.70% | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance, Total | 6,900,000 | $ 6,900,000 | 8,000,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 4,000,000 | 4,000,000 | $ 4,600,000 | ||
Impaired Financing Receivable, Interest Income, Accrual Method, Total | 200,000 | $ 100,000 | 500,000 | $ 500,000 | |
Loans and Leases Receivable, Nonaccrual Loans, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | $ 100,000 | $ 100,000 | $ 100,000 | $ 100,000 | |
Minimum Number of Days Past Due at Period End For Loans Modified as Troubled Debt Restructurings | 30 days |
Note 3 - Loans and Allowance _4
Note 3 - Loans and Allowance for Loan Losses - Components of Loan Portfolio (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2019 | Dec. 31, 2018 | |
Loans | $ 2,881,493,000 | $ 2,753,085,000 |
Percent of portfolio | 100.00% | 100.00% |
Period increase (decrease) | 4.70% | |
Commercial Portfolio Segment [Member] | ||
Loans | $ 2,464,555,000 | $ 2,360,106,000 |
Percent of portfolio | 85.50% | 85.70% |
Period increase (decrease) | 4.40% | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans | $ 881,196,000 | $ 822,723,000 |
Percent of portfolio | 30.60% | 29.90% |
Period increase (decrease) | 7.10% | |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Loans | $ 45,158,000 | $ 44,885,000 |
Percent of portfolio | 1.60% | 1.60% |
Period increase (decrease) | 0.60% | |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Loans | $ 556,868,000 | $ 548,619,000 |
Percent of portfolio | 19.30% | 19.90% |
Period increase (decrease) | 1.50% | |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Loans | $ 852,844,000 | $ 816,282,000 |
Percent of portfolio | 29.60% | 29.70% |
Period increase (decrease) | 4.50% | |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Loans | $ 128,489,000 | $ 127,597,000 |
Percent of portfolio | 4.40% | 4.60% |
Period increase (decrease) | 0.70% | |
Retail Portfolio Segment [Member] | ||
Loans | $ 416,938,000 | $ 392,979,000 |
Percent of portfolio | 14.50% | 14.30% |
Period increase (decrease) | 6.10% | |
Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans | $ 81,320,000 | $ 85,439,000 |
Percent of portfolio | 2.80% | 3.10% |
Period increase (decrease) | (4.80%) | |
Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans | $ 335,618,000 | $ 307,540,000 |
Percent of portfolio | 11.70% | 11.20% |
Period increase (decrease) | 9.10% | |
Originated Loan [Member] | ||
Loans | $ 2,609,686,000 | $ 2,452,446,000 |
Percent of portfolio | 100.00% | 100.00% |
Period increase (decrease) | 6.40% | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | ||
Loans | $ 2,274,931,000 | $ 2,151,998,000 |
Percent of portfolio | 87.20% | 87.70% |
Period increase (decrease) | 5.70% | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans | $ 833,589,000 | $ 768,698,000 |
Percent of portfolio | 31.90% | 31.30% |
Period increase (decrease) | 8.40% | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Loans | $ 40,609,000 | $ 39,950,000 |
Percent of portfolio | 1.60% | 1.60% |
Period increase (decrease) | 1.60% | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Loans | $ 513,016,000 | $ 500,188,000 |
Percent of portfolio | 19.70% | 20.40% |
Period increase (decrease) | 2.60% | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Loans | $ 786,666,000 | $ 745,127,000 |
Percent of portfolio | 30.10% | 30.40% |
Period increase (decrease) | 5.60% | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Loans | $ 101,051,000 | $ 98,035,000 |
Percent of portfolio | 3.90% | 4.00% |
Period increase (decrease) | 3.10% | |
Originated Loan [Member] | Retail Portfolio Segment [Member] | ||
Loans | $ 334,755,000 | $ 300,448,000 |
Percent of portfolio | 12.80% | 12.30% |
Period increase (decrease) | 11.40% | |
Originated Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans | $ 64,247,000 | $ 65,023,000 |
Percent of portfolio | 2.40% | 2.70% |
Period increase (decrease) | (1.20%) | |
Originated Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans | $ 270,508,000 | $ 235,425,000 |
Percent of portfolio | 10.40% | 9.60% |
Period increase (decrease) | 14.90% | |
Acquired Loan [Member] | ||
Loans | $ 271,807,000 | $ 300,639,000 |
Percent of portfolio | 100.00% | 100.00% |
Period increase (decrease) | (9.60%) | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | ||
Loans | $ 189,624,000 | $ 208,108,000 |
Percent of portfolio | 69.80% | 69.20% |
Period increase (decrease) | (8.90%) | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans | $ 47,607,000 | $ 54,025,000 |
Percent of portfolio | 17.50% | 18.00% |
Period increase (decrease) | (11.90%) | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Loans | $ 4,549,000 | $ 4,935,000 |
Percent of portfolio | 1.70% | 1.60% |
Period increase (decrease) | (7.80%) | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Loans | $ 43,852,000 | $ 48,431,000 |
Percent of portfolio | 16.20% | 16.10% |
Period increase (decrease) | (9.50%) | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Loans | $ 66,178,000 | $ 71,155,000 |
Percent of portfolio | 24.30% | 23.70% |
Period increase (decrease) | (7.00%) | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Loans | $ 27,438,000 | $ 29,562,000 |
Percent of portfolio | 10.10% | 9.80% |
Period increase (decrease) | (7.20%) | |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | ||
Loans | $ 82,183,000 | $ 92,531,000 |
Percent of portfolio | 30.20% | 30.80% |
Period increase (decrease) | (11.20%) | |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans | $ 17,073,000 | $ 20,416,000 |
Percent of portfolio | 6.30% | 6.80% |
Period increase (decrease) | (16.40%) | |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans | $ 65,110,000 | $ 72,115,000 |
Percent of portfolio | 23.90% | 24.00% |
Period increase (decrease) | (9.70%) |
Note 3 - Loans and Allowance _5
Note 3 - Loans and Allowance for Loan Losses - Acquired Impaired Loans Accretable Yield (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | ||
Balance at beginning of period | $ 1,270,000 | $ 1,319,000 | $ 1,274,000 | $ 1,404,000 | |
Additions | 7,000 | 0 | 9,000 | 0 | |
Accretion income | (106,000) | (123,000) | (225,000) | (254,000) | |
Net reclassification from nonaccretable to accretable | 83,000 | 86,000 | 204,000 | 172,000 | |
Reductions (1) | [1] | (19,000) | (35,000) | (27,000) | (75,000) |
Balance at end of period | $ 1,235,000 | $ 1,247,000 | $ 1,235,000 | $ 1,247,000 | |
[1] | Reductions primarily reflect the result of exit events, including loan payoffs and charge-offs. |
Note 3 - Loans and Allowance _6
Note 3 - Loans and Allowance for Loan Losses - Nonperforming Loans (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Originated Loan [Member] | ||
Loans past due 90 days or more still accruing interest | $ 0 | $ 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Nonperforming Financial Instruments [Member] | ||
Total nonperforming loans | 3,505,000 | 4,141,000 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
Total nonperforming loans | 800,000 | 1,108,000 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Total nonperforming loans | 2,000 | 17,000 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Total nonperforming loans | 0 | 0 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Total nonperforming loans | 642,000 | 950,000 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Total nonperforming loans | 26,000 | 0 |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Total nonperforming loans | 130,000 | 141,000 |
Nonperforming Financial Instruments [Member] | Retail Portfolio Segment [Member] | ||
Total nonperforming loans | 2,705,000 | 3,033,000 |
Nonperforming Financial Instruments [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Total nonperforming loans | 419,000 | 454,000 |
Nonperforming Financial Instruments [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Total nonperforming loans | 2,286,000 | 2,579,000 |
Nonperforming Financial Instruments [Member] | Originated Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Nonaccrual loans | 723,000 | 803,000 |
Total nonperforming loans | 723,000 | 803,000 |
Nonperforming Financial Instruments [Member] | Acquired Loan [Member] | ||
Loans past due 90 days or more still accruing interest | 0 | 0 |
Nonaccrual loans | 2,782,000 | 3,338,000 |
Total nonperforming loans | $ 2,782,000 | $ 3,338,000 |
Note 3 - Loans and Allowance _7
Note 3 - Loans and Allowance for Loan Losses - Age Analysis of Past Due Loans (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Loans | $ 2,881,493,000 | $ 2,753,085,000 |
Originated Loan [Member] | ||
Past due loans | 115,000 | 658,000 |
Current loans | 2,609,571,000 | 2,451,788,000 |
Loans | 2,609,686,000 | 2,452,446,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Acquired Loan [Member] | ||
Past due loans | 1,249,000 | 3,125,000 |
Current loans | 270,558,000 | 297,514,000 |
Loans | 271,807,000 | 300,639,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Loans | 2,464,555,000 | 2,360,106,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans | 881,196,000 | 822,723,000 |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Loans | 45,158,000 | 44,885,000 |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Loans | 556,868,000 | 548,619,000 |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Loans | 852,844,000 | 816,282,000 |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Loans | 128,489,000 | 127,597,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | ||
Past due loans | 0 | 186,000 |
Current loans | 2,274,931,000 | 2,151,812,000 |
Loans | 2,274,931,000 | 2,151,998,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||
Past due loans | 0 | 186,000 |
Current loans | 833,589,000 | 768,512,000 |
Loans | 833,589,000 | 768,698,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Past due loans | 0 | 0 |
Current loans | 40,609,000 | 39,950,000 |
Loans | 40,609,000 | 39,950,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Current loans | 513,016,000 | 500,188,000 |
Loans | 513,016,000 | 500,188,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Current loans | 786,666,000 | 745,127,000 |
Loans | 786,666,000 | 745,127,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Past due loans | 0 | 0 |
Current loans | 101,051,000 | 98,035,000 |
Loans | 101,051,000 | 98,035,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | ||
Past due loans | 349,000 | 1,147,000 |
Current loans | 189,275,000 | 206,961,000 |
Loans | 189,624,000 | 208,108,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||
Past due loans | 0 | 8,000 |
Current loans | 47,607,000 | 54,017,000 |
Loans | 47,607,000 | 54,025,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Past due loans | 122,000 | 19,000 |
Current loans | 4,427,000 | 4,916,000 |
Loans | 4,549,000 | 4,935,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Past due loans | 105,000 | 1,058,000 |
Current loans | 43,747,000 | 47,373,000 |
Loans | 43,852,000 | 48,431,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Past due loans | 122,000 | 62,000 |
Current loans | 66,056,000 | 71,093,000 |
Loans | 66,178,000 | 71,155,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Past due loans | 0 | 0 |
Current loans | 27,438,000 | 29,562,000 |
Loans | 27,438,000 | 29,562,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Retail Portfolio Segment [Member] | ||
Loans | 416,938,000 | 392,979,000 |
Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans | 81,320,000 | 85,439,000 |
Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans | 335,618,000 | 307,540,000 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | ||
Past due loans | 115,000 | 472,000 |
Current loans | 334,640,000 | 299,976,000 |
Loans | 334,755,000 | 300,448,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||
Past due loans | 7,000 | 44,000 |
Current loans | 64,240,000 | 64,979,000 |
Loans | 64,247,000 | 65,023,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | One to Four Family Mortgages [Member] | ||
Past due loans | 108,000 | 428,000 |
Current loans | 270,400,000 | 234,997,000 |
Loans | 270,508,000 | 235,425,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | ||
Past due loans | 900,000 | 1,978,000 |
Current loans | 81,283,000 | 90,553,000 |
Loans | 82,183,000 | 92,531,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||
Past due loans | 159,000 | 198,000 |
Current loans | 16,914,000 | 20,218,000 |
Loans | 17,073,000 | 20,416,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | One to Four Family Mortgages [Member] | ||
Past due loans | 741,000 | 1,780,000 |
Current loans | 64,369,000 | 70,335,000 |
Loans | 65,110,000 | 72,115,000 |
Loans past due 90 days or more still accruing interest | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Originated Loan [Member] | ||
Past due loans | 7,000 | 521,000 |
Financial Asset, 30 to 59 Days Past Due [Member] | Acquired Loan [Member] | ||
Past due loans | 531,000 | 1,185,000 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | ||
Past due loans | 0 | 186,000 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||
Past due loans | 0 | 186,000 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | ||
Past due loans | 218,000 | 197,000 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||
Past due loans | 0 | 8,000 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Past due loans | 122,000 | 19,000 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Past due loans | 0 | 108,000 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Past due loans | 96,000 | 62,000 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 30 to 59 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | ||
Past due loans | 7,000 | 335,000 |
Financial Asset, 30 to 59 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||
Past due loans | 7,000 | 44,000 |
Financial Asset, 30 to 59 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | One to Four Family Mortgages [Member] | ||
Past due loans | 0 | 291,000 |
Financial Asset, 30 to 59 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | ||
Past due loans | 313,000 | 988,000 |
Financial Asset, 30 to 59 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||
Past due loans | 126,000 | 167,000 |
Financial Asset, 30 to 59 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | One to Four Family Mortgages [Member] | ||
Past due loans | 187,000 | 821,000 |
Financial Asset, 60 to 89 Days Past Due [Member] | Originated Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Acquired Loan [Member] | ||
Past due loans | 259,000 | 1,328,000 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | ||
Past due loans | 105,000 | 950,000 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Past due loans | 105,000 | 950,000 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | One to Four Family Mortgages [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, 60 to 89 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | ||
Past due loans | 154,000 | 378,000 |
Financial Asset, 60 to 89 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||
Past due loans | 13,000 | 31,000 |
Financial Asset, 60 to 89 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | One to Four Family Mortgages [Member] | ||
Past due loans | 141,000 | 347,000 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Originated Loan [Member] | ||
Past due loans | 108,000 | 137,000 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Acquired Loan [Member] | ||
Past due loans | 459,000 | 612,000 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | ||
Past due loans | 26,000 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Past due loans | 26,000 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | ||
Past due loans | 108,000 | 137,000 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||
Past due loans | 0 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Retail Portfolio Segment [Member] | Originated Loan [Member] | One to Four Family Mortgages [Member] | ||
Past due loans | 108,000 | 137,000 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | ||
Past due loans | 433,000 | 612,000 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||
Past due loans | 20,000 | 0 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Retail Portfolio Segment [Member] | Acquired Loan [Member] | One to Four Family Mortgages [Member] | ||
Past due loans | $ 413,000 | $ 612,000 |
Note 3 - Loans and Allowance _8
Note 3 - Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | |
Originated Loan [Member] | |||||
With no related allowance recorded, unpaid principal balance | $ 14,028,000 | $ 14,028,000 | $ 10,990,000 | ||
With no related allowance recorded, principal balance | 13,425,000 | 13,425,000 | 10,306,000 | ||
With no related allowance recorded, average recorded principal balance | 12,284,000 | $ 3,248,000 | 11,624,000 | $ 3,216,000 | |
With related allowance recorded, unpaid principal balance | 14,448,000 | 14,448,000 | 8,660,000 | ||
With related allowance recorded, principal balance | 14,360,000 | 14,360,000 | 8,576,000 | ||
Related allowance | 2,227,000 | 2,227,000 | 689,000 | ||
With related allowance recorded, average recorded principal balance | 11,705,000 | 4,790,000 | 10,663,000 | 5,073,000 | |
Total unpaid principal balance | 28,476,000 | 28,476,000 | 19,650,000 | ||
Total principal balance | 27,785,000 | 27,785,000 | 18,882,000 | ||
Total average recorded principal balance | 23,989,000 | 8,038,000 | 22,287,000 | 8,289,000 | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | |||||
With no related allowance recorded, unpaid principal balance | 12,289,000 | 12,289,000 | 9,330,000 | ||
With no related allowance recorded, principal balance | 12,280,000 | 12,280,000 | 9,330,000 | ||
With no related allowance recorded, average recorded principal balance | 11,226,000 | 2,159,000 | 10,593,000 | 2,111,000 | |
With related allowance recorded, unpaid principal balance | 13,656,000 | 13,656,000 | 7,809,000 | ||
With related allowance recorded, principal balance | 13,656,000 | 13,656,000 | 7,804,000 | ||
Related allowance | 2,051,000 | 2,051,000 | 451,000 | ||
With related allowance recorded, average recorded principal balance | 10,994,000 | 3,945,000 | 9,932,000 | 4,091,000 | |
Total unpaid principal balance | 25,945,000 | 25,945,000 | 17,139,000 | ||
Total principal balance | 25,936,000 | 25,936,000 | 17,134,000 | ||
Total average recorded principal balance | 22,220,000 | 6,104,000 | 20,525,000 | 6,202,000 | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||||
With no related allowance recorded, unpaid principal balance | 10,007,000 | 10,007,000 | 8,604,000 | ||
With no related allowance recorded, principal balance | 10,007,000 | 10,007,000 | 8,604,000 | ||
With no related allowance recorded, average recorded principal balance | 9,792,000 | 373,000 | 9,396,000 | 308,000 | |
With related allowance recorded, unpaid principal balance | 13,656,000 | 13,656,000 | 5,011,000 | ||
With related allowance recorded, principal balance | 13,656,000 | 13,656,000 | 5,011,000 | ||
Related allowance | 2,051,000 | 2,051,000 | 83,000 | ||
With related allowance recorded, average recorded principal balance | 9,581,000 | 2,089,000 | 8,058,000 | 2,389,000 | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||||
With no related allowance recorded, unpaid principal balance | 88,000 | 88,000 | 94,000 | ||
With no related allowance recorded, principal balance | 88,000 | 88,000 | 94,000 | ||
With no related allowance recorded, average recorded principal balance | 90,000 | 50,000 | 91,000 | 45,000 | |
With related allowance recorded, unpaid principal balance | 0 | 0 | 0 | ||
With related allowance recorded, principal balance | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | 0 | ||
With related allowance recorded, average recorded principal balance | 0 | 0 | 0 | 0 | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | |||||
With no related allowance recorded, unpaid principal balance | 2,059,000 | 2,059,000 | 632,000 | ||
With no related allowance recorded, principal balance | 2,059,000 | 2,059,000 | 632,000 | ||
With no related allowance recorded, average recorded principal balance | 1,281,000 | 1,453,000 | 1,064,000 | 1,453,000 | |
With related allowance recorded, unpaid principal balance | 0 | 0 | 2,658,000 | ||
With related allowance recorded, principal balance | 0 | 0 | 2,658,000 | ||
Related allowance | 0 | 0 | 363,000 | ||
With related allowance recorded, average recorded principal balance | 1,348,000 | 1,713,000 | 1,785,000 | 1,606,000 | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | |||||
With no related allowance recorded, unpaid principal balance | 0 | 0 | 0 | ||
With no related allowance recorded, principal balance | 0 | 0 | 0 | ||
With no related allowance recorded, average recorded principal balance | 0 | 0 | 0 | 0 | |
With related allowance recorded, unpaid principal balance | 0 | 0 | 0 | ||
With related allowance recorded, principal balance | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | 0 | ||
With related allowance recorded, average recorded principal balance | 0 | 0 | 0 | 0 | |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||||
With no related allowance recorded, unpaid principal balance | 135,000 | 135,000 | 0 | ||
With no related allowance recorded, principal balance | 126,000 | 126,000 | 0 | ||
With no related allowance recorded, average recorded principal balance | 63,000 | 283,000 | 42,000 | 305,000 | |
With related allowance recorded, unpaid principal balance | 0 | 0 | 140,000 | ||
With related allowance recorded, principal balance | 0 | 0 | 135,000 | ||
Related allowance | 0 | 0 | 5,000 | ||
With related allowance recorded, average recorded principal balance | 65,000 | 143,000 | 89,000 | 96,000 | |
Originated Loan [Member] | Retail Portfolio Segment [Member] | |||||
With no related allowance recorded, unpaid principal balance | 1,739,000 | 1,739,000 | 1,660,000 | ||
With no related allowance recorded, principal balance | 1,145,000 | 1,145,000 | 976,000 | ||
With no related allowance recorded, average recorded principal balance | 1,058,000 | 1,089,000 | 1,031,000 | 1,105,000 | |
With related allowance recorded, unpaid principal balance | 792,000 | 792,000 | 851,000 | ||
With related allowance recorded, principal balance | 704,000 | 704,000 | 772,000 | ||
Related allowance | 176,000 | 176,000 | 238,000 | ||
With related allowance recorded, average recorded principal balance | 711,000 | 845,000 | 731,000 | 982,000 | |
Total unpaid principal balance | 2,531,000 | 2,531,000 | 2,511,000 | ||
Total principal balance | 1,849,000 | 1,849,000 | 1,748,000 | ||
Total average recorded principal balance | 1,769,000 | 1,934,000 | 1,762,000 | 2,087,000 | |
Originated Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | |||||
With no related allowance recorded, unpaid principal balance | 829,000 | 829,000 | 607,000 | ||
With no related allowance recorded, principal balance | 807,000 | 807,000 | 586,000 | ||
With no related allowance recorded, average recorded principal balance | 707,000 | 684,000 | 667,000 | 683,000 | |
With related allowance recorded, unpaid principal balance | 386,000 | 386,000 | 442,000 | ||
With related allowance recorded, principal balance | 373,000 | 373,000 | 431,000 | ||
Related allowance | 158,000 | 158,000 | 194,000 | ||
With related allowance recorded, average recorded principal balance | 377,000 | 494,000 | 395,000 | 712,000 | |
Originated Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | |||||
With no related allowance recorded, unpaid principal balance | 910,000 | 910,000 | 1,053,000 | ||
With no related allowance recorded, principal balance | 338,000 | 338,000 | 390,000 | ||
With no related allowance recorded, average recorded principal balance | 351,000 | 405,000 | 364,000 | 422,000 | |
With related allowance recorded, unpaid principal balance | 406,000 | 406,000 | 409,000 | ||
With related allowance recorded, principal balance | 331,000 | 331,000 | 341,000 | ||
Related allowance | 18,000 | 18,000 | 44,000 | ||
With related allowance recorded, average recorded principal balance | 334,000 | 351,000 | 336,000 | 270,000 | |
Acquired Loan [Member] | |||||
With no related allowance recorded, unpaid principal balance | 4,705,000 | 4,705,000 | 4,518,000 | ||
With no related allowance recorded, principal balance | 3,863,000 | 3,863,000 | 3,827,000 | ||
With no related allowance recorded, average recorded principal balance | 3,928,000 | 4,377,000 | 3,894,000 | 4,517,000 | |
With related allowance recorded, unpaid principal balance | 791,000 | 791,000 | 1,415,000 | ||
With related allowance recorded, principal balance | 764,000 | 764,000 | 1,337,000 | ||
Related allowance | 222,000 | 222,000 | 310,000 | ||
With related allowance recorded, average recorded principal balance | 689,000 | 816,000 | 905,000 | 545,000 | |
Total unpaid principal balance | 5,496,000 | 5,496,000 | 5,933,000 | ||
Total principal balance | 4,627,000 | 4,627,000 | 5,164,000 | ||
Total average recorded principal balance | 4,617,000 | 5,193,000 | 4,799,000 | 5,062,000 | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | |||||
With no related allowance recorded, unpaid principal balance | 1,557,000 | 1,557,000 | 1,636,000 | ||
With no related allowance recorded, principal balance | 1,501,000 | 1,501,000 | 1,617,000 | ||
With no related allowance recorded, average recorded principal balance | 1,425,000 | 1,667,000 | 1,489,000 | 1,824,000 | |
With related allowance recorded, unpaid principal balance | 140,000 | 140,000 | 535,000 | ||
With related allowance recorded, principal balance | 138,000 | 138,000 | 526,000 | ||
Related allowance | 32,000 | 32,000 | 43,000 | ||
With related allowance recorded, average recorded principal balance | 189,000 | 799,000 | 301,000 | 533,000 | |
Total unpaid principal balance | 1,697,000 | 1,697,000 | 2,171,000 | ||
Total principal balance | 1,639,000 | 1,639,000 | 2,143,000 | ||
Total average recorded principal balance | 1,614,000 | 2,466,000 | 1,790,000 | 2,357,000 | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||||
With no related allowance recorded, unpaid principal balance | 360,000 | 360,000 | 398,000 | ||
With no related allowance recorded, principal balance | 353,000 | 353,000 | 398,000 | ||
With no related allowance recorded, average recorded principal balance | 422,000 | 720,000 | 414,000 | 821,000 | |
With related allowance recorded, unpaid principal balance | 140,000 | 140,000 | 175,000 | ||
With related allowance recorded, principal balance | 138,000 | 138,000 | 166,000 | ||
Related allowance | 32,000 | 32,000 | 43,000 | ||
With related allowance recorded, average recorded principal balance | 106,000 | 0 | 126,000 | 0 | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | |||||
With no related allowance recorded, unpaid principal balance | 0 | 0 | 0 | ||
With no related allowance recorded, principal balance | 0 | 0 | 0 | ||
With no related allowance recorded, average recorded principal balance | 0 | 0 | 0 | 0 | |
With related allowance recorded, unpaid principal balance | 0 | 0 | 0 | ||
With related allowance recorded, principal balance | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | 0 | ||
With related allowance recorded, average recorded principal balance | 0 | 0 | 0 | 0 | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | |||||
With no related allowance recorded, unpaid principal balance | 944,000 | 944,000 | 1,193,000 | ||
With no related allowance recorded, principal balance | 916,000 | 916,000 | 1,193,000 | ||
With no related allowance recorded, average recorded principal balance | 802,000 | 677,000 | 932,000 | 671,000 | |
With related allowance recorded, unpaid principal balance | 0 | 0 | 147,000 | ||
With related allowance recorded, principal balance | 0 | 0 | 147,000 | ||
Related allowance | 0 | 0 | 0 | ||
With related allowance recorded, average recorded principal balance | 36,000 | 799,000 | 73,000 | 533,000 | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | |||||
With no related allowance recorded, unpaid principal balance | 213,000 | 213,000 | 0 | ||
With no related allowance recorded, principal balance | 211,000 | 211,000 | 0 | ||
With no related allowance recorded, average recorded principal balance | 175,000 | 228,000 | 117,000 | 231,000 | |
With related allowance recorded, unpaid principal balance | 0 | 0 | 210,000 | ||
With related allowance recorded, principal balance | 0 | 0 | 210,000 | ||
Related allowance | 0 | 0 | 0 | ||
With related allowance recorded, average recorded principal balance | 47,000 | 0 | 101,000 | 0 | |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | |||||
With no related allowance recorded, unpaid principal balance | 40,000 | 40,000 | 45,000 | ||
With no related allowance recorded, principal balance | 21,000 | 21,000 | 26,000 | ||
With no related allowance recorded, average recorded principal balance | 26,000 | 42,000 | 26,000 | 101,000 | |
With related allowance recorded, unpaid principal balance | 0 | 0 | 3,000 | ||
With related allowance recorded, principal balance | 0 | 0 | 3,000 | ||
Related allowance | 0 | 0 | 0 | ||
With related allowance recorded, average recorded principal balance | 0 | 0 | 1,000 | 0 | |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | |||||
With no related allowance recorded, unpaid principal balance | 3,148,000 | 3,148,000 | 2,882,000 | ||
With no related allowance recorded, principal balance | 2,362,000 | 2,362,000 | 2,210,000 | ||
With no related allowance recorded, average recorded principal balance | 2,503,000 | 2,710,000 | 2,405,000 | 2,693,000 | |
With related allowance recorded, unpaid principal balance | 651,000 | 651,000 | 880,000 | ||
With related allowance recorded, principal balance | 626,000 | 626,000 | 811,000 | ||
Related allowance | 190,000 | 190,000 | 267,000 | ||
With related allowance recorded, average recorded principal balance | 500,000 | 17,000 | 604,000 | 12,000 | |
Total unpaid principal balance | 3,799,000 | 3,799,000 | 3,762,000 | ||
Total principal balance | 2,988,000 | 2,988,000 | 3,021,000 | ||
Total average recorded principal balance | 3,003,000 | 2,727,000 | 3,009,000 | 2,705,000 | |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | |||||
With no related allowance recorded, unpaid principal balance | 686,000 | 686,000 | 388,000 | ||
With no related allowance recorded, principal balance | 628,000 | 628,000 | 361,000 | ||
With no related allowance recorded, average recorded principal balance | 653,000 | 710,000 | 555,000 | 642,000 | |
With related allowance recorded, unpaid principal balance | 243,000 | 243,000 | 462,000 | ||
With related allowance recorded, principal balance | 241,000 | 241,000 | 440,000 | ||
Related allowance | 107,000 | 107,000 | 178,000 | ||
With related allowance recorded, average recorded principal balance | 195,000 | 17,000 | 277,000 | 12,000 | |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | |||||
With no related allowance recorded, unpaid principal balance | 2,462,000 | 2,462,000 | 2,494,000 | ||
With no related allowance recorded, principal balance | 1,734,000 | 1,734,000 | 1,849,000 | ||
With no related allowance recorded, average recorded principal balance | 1,850,000 | 2,000,000 | 1,850,000 | 2,051,000 | |
With related allowance recorded, unpaid principal balance | 408,000 | 408,000 | 418,000 | ||
With related allowance recorded, principal balance | 385,000 | 385,000 | 371,000 | ||
Related allowance | 83,000 | 83,000 | $ 89,000 | ||
With related allowance recorded, average recorded principal balance | $ 305,000 | $ 0 | $ 327,000 | $ 0 |
Note 3 - Loans and Allowance _9
Note 3 - Loans and Allowance for Loan Losses - Loans by Credit Quality Indicators (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Loans | $ 2,881,493,000 | $ 2,753,085,000 |
Originated Loan [Member] | ||
Loans | 2,609,686,000 | 2,452,446,000 |
Acquired Loan [Member] | ||
Loans | 271,807,000 | 300,639,000 |
Commercial Portfolio Segment [Member] | ||
Loans | 2,464,555,000 | 2,360,106,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | ||
Loans | 2,274,931,000 | 2,151,998,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | ||
Loans | 189,624,000 | 208,108,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Loans | 881,196,000 | 822,723,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Originated Loan [Member] | ||
Loans | 833,589,000 | 768,698,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Acquired Loan [Member] | ||
Loans | 47,607,000 | 54,025,000 |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Loans | 45,158,000 | 44,885,000 |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Originated Loan [Member] | ||
Loans | 40,609,000 | 39,950,000 |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Acquired Loan [Member] | ||
Loans | 4,549,000 | 4,935,000 |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Loans | 556,868,000 | 548,619,000 |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | Originated Loan [Member] | ||
Loans | 513,016,000 | 500,188,000 |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | Acquired Loan [Member] | ||
Loans | 43,852,000 | 48,431,000 |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Loans | 852,844,000 | 816,282,000 |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | Originated Loan [Member] | ||
Loans | 786,666,000 | 745,127,000 |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | Acquired Loan [Member] | ||
Loans | 66,178,000 | 71,155,000 |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Loans | 128,489,000 | 127,597,000 |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Originated Loan [Member] | ||
Loans | 101,051,000 | 98,035,000 |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Acquired Loan [Member] | ||
Loans | 27,438,000 | 29,562,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Originated Loan [Member] | ||
Loans | 521,211,000 | 508,611,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Acquired Loan [Member] | ||
Loans | 28,882,000 | 34,678,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Originated Loan [Member] | ||
Loans | 24,520,000 | 28,170,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Acquired Loan [Member] | ||
Loans | 1,126,000 | 1,246,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | Originated Loan [Member] | ||
Loans | 320,067,000 | 325,459,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | Acquired Loan [Member] | ||
Loans | 19,972,000 | 21,595,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | Originated Loan [Member] | ||
Loans | 544,164,000 | 526,445,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | Acquired Loan [Member] | ||
Loans | 51,606,000 | 54,401,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Originated Loan [Member] | ||
Loans | 72,767,000 | 75,051,000 |
Grades 1-4 [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Acquired Loan [Member] | ||
Loans | 16,409,000 | 16,050,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Originated Loan [Member] | ||
Loans | 288,248,000 | 238,942,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Acquired Loan [Member] | ||
Loans | 18,213,000 | 19,122,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Originated Loan [Member] | ||
Loans | 16,001,000 | 11,686,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Acquired Loan [Member] | ||
Loans | 3,176,000 | 3,431,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | Originated Loan [Member] | ||
Loans | 190,466,000 | 163,455,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | Acquired Loan [Member] | ||
Loans | 22,750,000 | 25,485,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | Originated Loan [Member] | ||
Loans | 242,415,000 | 218,682,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | Acquired Loan [Member] | ||
Loans | 14,404,000 | 16,687,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Originated Loan [Member] | ||
Loans | 28,109,000 | 22,798,000 |
Grades 5-7 [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Acquired Loan [Member] | ||
Loans | 10,987,000 | 13,460,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Originated Loan [Member] | ||
Loans | 24,130,000 | 21,145,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Acquired Loan [Member] | ||
Loans | 512,000 | 225,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Originated Loan [Member] | ||
Loans | 88,000 | 94,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | Acquired Loan [Member] | ||
Loans | 247,000 | 258,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | Originated Loan [Member] | ||
Loans | 2,483,000 | 11,274,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | Acquired Loan [Member] | ||
Loans | 1,130,000 | 1,351,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | Originated Loan [Member] | ||
Loans | 87,000 | 0 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | Acquired Loan [Member] | ||
Loans | 168,000 | 67,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Originated Loan [Member] | ||
Loans | 175,000 | 186,000 |
Grades 8-9 [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | Acquired Loan [Member] | ||
Loans | $ 42,000 | $ 52,000 |
Note 3 - Loans and Allowance_10
Note 3 - Loans and Allowance for Loan Losses - Retail Credit Exposure (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Loans | $ 2,881,493,000 | $ 2,753,085,000 |
Retail Portfolio Segment [Member] | ||
Loans | 416,938,000 | 392,979,000 |
Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans | 81,320,000 | 85,439,000 |
Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans | 335,618,000 | 307,540,000 |
Originated Loan [Member] | ||
Loans | 2,609,686,000 | 2,452,446,000 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | ||
Loans | 334,755,000 | 300,448,000 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans | 64,247,000 | 65,023,000 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans | 270,508,000 | 235,425,000 |
Acquired Loan [Member] | ||
Loans | 271,807,000 | 300,639,000 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | ||
Loans | 82,183,000 | 92,531,000 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Loans | 17,073,000 | 20,416,000 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Loans | $ 65,110,000 | $ 72,115,000 |
Note 3 - Loans and Allowance_11
Note 3 - Loans and Allowance for Loan Losses - Activity in Allowance for Loan Losses and the Recorded Investments in Loans (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | |
Provision for loan losses | $ 900,000 | $ 700,000 | $ 1,750,000 | $ 700,000 | |
Loans and Leases Receivable, Net of Deferred Income, Total | 2,881,493,000 | 2,881,493,000 | $ 2,753,085,000 | ||
Originated Loan [Member] | |||||
Beginning balance | 22,418,000 | 19,081,000 | 21,554,000 | 19,133,000 | |
Provision for loan losses | 898,000 | 914,000 | 1,867,000 | 132,000 | |
Charge-offs | (77,000) | (274,000) | (252,000) | (666,000) | |
Recoveries | 92,000 | 761,000 | 162,000 | 1,883,000 | |
Ending balance | 23,331,000 | 20,482,000 | 23,331,000 | 20,482,000 | |
Ending balance: individually evaluated for impairment | 2,227,000 | 674,000 | 2,227,000 | 674,000 | |
Ending balance: collectively evaluated for impairment | 21,104,000 | 19,808,000 | 21,104,000 | 19,808,000 | |
Loans and Leases Receivable, Net of Deferred Income, Total | 2,609,686,000 | 2,609,686,000 | 2,452,446,000 | ||
Ending balance: individually evaluated for impairment | 27,785,000 | 27,785,000 | 18,882,000 | ||
Ending balance: collectively evaluated for impairment | 2,581,901,000 | 2,581,901,000 | 2,433,564,000 | ||
Acquired Loan [Member] | |||||
Beginning balance | 717,000 | 893,000 | 826,000 | 368,000 | |
Provision for loan losses | 2,000 | (214,000) | (117,000) | 568,000 | |
Charge-offs | 0 | 0 | 0 | (261,000) | |
Recoveries | 3,000 | 6,000 | 13,000 | 10,000 | |
Ending balance | 722,000 | 685,000 | 722,000 | 685,000 | |
Loans and Leases Receivable, Net of Deferred Income, Total | 271,807,000 | 271,807,000 | 300,639,000 | ||
Commercial Portfolio Segment [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income, Total | 2,464,555,000 | 2,464,555,000 | 2,360,106,000 | ||
Commercial Portfolio Segment [Member] | Originated Loan [Member] | |||||
Beginning balance | 20,050,000 | 16,865,000 | 19,442,000 | 16,456,000 | |
Provision for loan losses | 979,000 | 892,000 | 1,559,000 | 551,000 | |
Charge-offs | (2,000) | (85,000) | (2,000) | (342,000) | |
Recoveries | 46,000 | 654,000 | 74,000 | 1,661,000 | |
Ending balance | 21,073,000 | 18,326,000 | 21,073,000 | 18,326,000 | |
Ending balance: individually evaluated for impairment | 2,051,000 | 391,000 | 2,051,000 | 391,000 | |
Ending balance: collectively evaluated for impairment | 19,022,000 | 17,935,000 | 19,022,000 | 17,935,000 | |
Loans and Leases Receivable, Net of Deferred Income, Total | 2,274,931,000 | 2,274,931,000 | 2,151,998,000 | ||
Ending balance: individually evaluated for impairment | 25,936,000 | 25,936,000 | 17,134,000 | ||
Ending balance: collectively evaluated for impairment | 2,248,995,000 | 2,248,995,000 | 2,134,864,000 | ||
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | |||||
Beginning balance | 161,000 | 359,000 | 177,000 | 291,000 | |
Provision for loan losses | 36,000 | (254,000) | 20,000 | 60,000 | |
Charge-offs | 0 | 0 | 0 | (246,000) | |
Recoveries | 1,000 | 0 | 1,000 | 0 | |
Ending balance | 198,000 | 105,000 | 198,000 | 105,000 | |
Loans and Leases Receivable, Net of Deferred Income, Total | 189,624,000 | 189,624,000 | 208,108,000 | ||
Retail Portfolio Segment [Member] | |||||
Loans and Leases Receivable, Net of Deferred Income, Total | 416,938,000 | 416,938,000 | 392,979,000 | ||
Retail Portfolio Segment [Member] | Originated Loan [Member] | |||||
Beginning balance | 2,140,000 | 2,001,000 | 2,068,000 | 2,584,000 | |
Provision for loan losses | 50,000 | 297,000 | 255,000 | (266,000) | |
Charge-offs | (75,000) | (189,000) | (250,000) | (324,000) | |
Recoveries | 46,000 | 107,000 | 88,000 | 222,000 | |
Ending balance | 2,161,000 | 2,216,000 | 2,161,000 | 2,216,000 | |
Ending balance: individually evaluated for impairment | 176,000 | 283,000 | 176,000 | 283,000 | |
Ending balance: collectively evaluated for impairment | 1,985,000 | 1,933,000 | 1,985,000 | 1,933,000 | |
Loans and Leases Receivable, Net of Deferred Income, Total | 334,755,000 | 334,755,000 | 300,448,000 | ||
Ending balance: individually evaluated for impairment | 1,849,000 | 1,849,000 | 1,748,000 | ||
Ending balance: collectively evaluated for impairment | 332,906,000 | 332,906,000 | 298,700,000 | ||
Retail Portfolio Segment [Member] | Acquired Loan [Member] | |||||
Beginning balance | 556,000 | 534,000 | 649,000 | 77,000 | |
Provision for loan losses | (34,000) | 40,000 | (137,000) | 508,000 | |
Charge-offs | 0 | 0 | 0 | (15,000) | |
Recoveries | 2,000 | 6,000 | 12,000 | 10,000 | |
Ending balance | 524,000 | 580,000 | 524,000 | 580,000 | |
Loans and Leases Receivable, Net of Deferred Income, Total | 82,183,000 | 82,183,000 | $ 92,531,000 | ||
Unallocated Financing Receivables [Member] | Originated Loan [Member] | |||||
Beginning balance | 228,000 | 215,000 | 44,000 | 93,000 | |
Provision for loan losses | (131,000) | (275,000) | 53,000 | (153,000) | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Ending balance | 97,000 | (60,000) | 97,000 | (60,000) | |
Ending balance: individually evaluated for impairment | 0 | 0 | 0 | 0 | |
Ending balance: collectively evaluated for impairment | 97,000 | (60,000) | 97,000 | (60,000) | |
Loans and Leases Receivable, Net of Deferred Income, Total | |||||
Unallocated Financing Receivables [Member] | Acquired Loan [Member] | |||||
Beginning balance | 0 | 0 | 0 | 0 | |
Provision for loan losses | 0 | 0 | 0 | 0 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Ending balance | $ 0 | $ 0 | $ 0 | $ 0 |
Note 3 - Loans and Allowance_12
Note 3 - Loans and Allowance for Loan Losses - Loans Modified as Troubled Debt Restructurings (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | |
Originated Loan [Member] | ||||
Number of Contracts | 6 | 2 | 9 | 7 |
Pre- Modification Recorded Principal Balance | $ 15,630,000 | $ 974,000 | $ 16,019,000 | $ 2,310,000 |
Post- Modification Recorded Principal Balance | $ 15,927,000 | $ 1,079,000 | $ 16,316,000 | $ 2,392,000 |
Acquired Loan [Member] | ||||
Number of Contracts | 5 | 6 | 11 | 11 |
Pre- Modification Recorded Principal Balance | $ 192,000 | $ 137,000 | $ 984,000 | $ 241,000 |
Post- Modification Recorded Principal Balance | $ 193,000 | $ 138,000 | $ 974,000 | $ 242,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | ||||
Number of Contracts | 4 | 2 | 7 | 6 |
Pre- Modification Recorded Principal Balance | $ 15,607,000 | $ 974,000 | $ 15,996,000 | $ 2,260,000 |
Post- Modification Recorded Principal Balance | $ 15,904,000 | $ 1,079,000 | $ 16,293,000 | $ 2,342,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||||
Number of Contracts | 3 | 2 | 6 | 4 |
Pre- Modification Recorded Principal Balance | $ 14,040,000 | $ 974,000 | $ 14,429,000 | $ 1,068,000 |
Post- Modification Recorded Principal Balance | $ 14,337,000 | $ 1,079,000 | $ 14,726,000 | $ 1,162,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Pre- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Post- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||||
Number of Contracts | 1 | 0 | 1 | 2 |
Pre- Modification Recorded Principal Balance | $ 1,567,000 | $ 0 | $ 1,567,000 | $ 1,192,000 |
Post- Modification Recorded Principal Balance | $ 1,567,000 | $ 0 | $ 1,567,000 | $ 1,180,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Pre- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Post- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Pre- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Post- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | ||||
Number of Contracts | 0 | 0 | 1 | 0 |
Pre- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 690,000 | $ 0 |
Post- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 679,000 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Pre- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Post- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Pre- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Post- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||||
Number of Contracts | 0 | 0 | 1 | 0 |
Pre- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 690,000 | $ 0 |
Post- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 679,000 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Pre- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Post- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Pre- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Post- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | ||||
Number of Contracts | 2 | 0 | 2 | 1 |
Pre- Modification Recorded Principal Balance | $ 23,000 | $ 0 | $ 23,000 | $ 50,000 |
Post- Modification Recorded Principal Balance | $ 23,000 | $ 0 | $ 23,000 | $ 50,000 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||||
Number of Contracts | 2 | 0 | 2 | 1 |
Pre- Modification Recorded Principal Balance | $ 23,000 | $ 0 | $ 23,000 | $ 50,000 |
Post- Modification Recorded Principal Balance | $ 23,000 | $ 0 | $ 23,000 | $ 50,000 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | One to Four Family Mortgages [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Pre- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Post- Modification Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | ||||
Number of Contracts | 5 | 6 | 10 | 11 |
Pre- Modification Recorded Principal Balance | $ 192,000 | $ 137,000 | $ 294,000 | $ 241,000 |
Post- Modification Recorded Principal Balance | $ 193,000 | $ 138,000 | $ 295,000 | $ 242,000 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||||
Number of Contracts | 2 | 5 | 6 | 10 |
Pre- Modification Recorded Principal Balance | $ 70,000 | $ 113,000 | $ 140,000 | $ 217,000 |
Post- Modification Recorded Principal Balance | $ 71,000 | $ 114,000 | $ 141,000 | $ 218,000 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | One to Four Family Mortgages [Member] | ||||
Number of Contracts | 3 | 1 | 4 | 1 |
Pre- Modification Recorded Principal Balance | $ 122,000 | $ 24,000 | $ 154,000 | $ 24,000 |
Post- Modification Recorded Principal Balance | $ 122,000 | $ 24,000 | $ 154,000 | $ 24,000 |
Note 3 - Loans and Allowance_13
Note 3 - Loans and Allowance for Loan Losses - Loans Modified As Troubled Debt Restructurings Within the Previous Twelve Months That Became Over 30 Days Past Due (Details) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | |
Originated Loan [Member] | ||||
Number of Contracts | 0 | 1 | 0 | 1 |
Recorded Principal Balance | $ 0 | $ 195,000 | $ 0 | $ 195,000 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | ||||
Number of Contracts | 0 | 1 | 0 | 1 |
Recorded Principal Balance | $ 0 | $ 195,000 | $ 0 | $ 195,000 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||||
Number of Contracts | 0 | 1 | 0 | 1 |
Recorded Principal Balance | $ 0 | $ 195,000 | $ 0 | $ 195,000 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Originated Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Originated Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Acquired Loan [Member] | ||||
Number of Contracts | 0 | 1 | 0 | 1 |
Recorded Principal Balance | $ 0 | $ 5,000 | $ 0 | $ 5,000 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Acquired Loan [Member] | Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | ||||
Number of Contracts | 0 | 1 | 0 | 1 |
Recorded Principal Balance | $ 0 | $ 5,000 | $ 0 | $ 5,000 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||||
Number of Contracts | 0 | 1 | 0 | 1 |
Recorded Principal Balance | $ 0 | $ 5,000 | $ 0 | $ 5,000 |
Acquired Loan [Member] | Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||||
Number of Contracts | 0 | 0 | 0 | 0 |
Recorded Principal Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Note 3 - Loans and Allowance_14
Note 3 - Loans and Allowance for Loan Losses - Activity for Troubled Debt Restructurings (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Commercial and Industrial [Member] | ||||
Beginning Balance | $ 15,072,000 | $ 1,982,000 | $ 13,590,000 | $ 2,989,000 |
Charge-Offs | 0 | 0 | 0 | (230,000) |
Payments | (3,099,000) | (53,000) | (4,755,000) | (935,000) |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 11,672,000 | 496,000 | 14,810,000 | 601,000 |
Ending Balance | 23,645,000 | 2,425,000 | 23,645,000 | 2,425,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||||
Beginning Balance | 0 | 338,000 | 0 | 383,000 |
Charge-Offs | 0 | 0 | 0 | 0 |
Payments | 0 | (109,000) | 0 | (154,000) |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 0 | 0 | 0 | 0 |
Ending Balance | 0 | 229,000 | 0 | 229,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||||
Beginning Balance | 2,713,000 | 4,548,000 | 2,682,000 | 1,599,000 |
Charge-Offs | 0 | 0 | 0 | 0 |
Payments | (2,311,000) | (2,764,000) | (2,350,000) | (3,619,000) |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 1,180,000 | 0 | 1,250,000 | 3,804,000 |
Ending Balance | 1,582,000 | 1,784,000 | 1,582,000 | 1,784,000 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||||
Beginning Balance | 0 | 0 | 0 | 0 |
Charge-Offs | 0 | 0 | 0 | 0 |
Payments | 0 | 0 | 0 | 0 |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 0 | 0 | 0 | 0 |
Ending Balance | 0 | 0 | 0 | 0 |
Commercial Portfolio Segment [Member] | Originated Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||||
Beginning Balance | 0 | 0 | 0 | 0 |
Charge-Offs | 0 | 0 | 0 | 0 |
Payments | 0 | 0 | 0 | 0 |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 0 | 0 | 0 | 0 |
Ending Balance | 0 | 0 | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Commercial and Industrial [Member] | ||||
Beginning Balance | 538,000 | 716,000 | 548,000 | 1,001,000 |
Charge-Offs | 0 | 0 | 0 | (275,000) |
Payments | (49,000) | (22,000) | (59,000) | (32,000) |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 0 | 0 | 0 | 0 |
Ending Balance | 489,000 | 694,000 | 489,000 | 694,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||||
Beginning Balance | 0 | 0 | 0 | 0 |
Charge-Offs | 0 | 0 | 0 | 0 |
Payments | 0 | 0 | 0 | 0 |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 0 | 0 | 0 | 0 |
Ending Balance | 0 | 0 | 0 | 0 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Owner Occupied Loan [Member] | ||||
Beginning Balance | 982,000 | 2,007,000 | 418,000 | 427,000 |
Charge-Offs | 0 | 0 | 0 | 0 |
Payments | (66,000) | (1,614,000) | (75,000) | (1,633,000) |
Transfers to ORE | 0 | 0 | (97,000) | 0 |
Net Additions/Deletions | 0 | 0 | 670,000 | 1,599,000 |
Ending Balance | 916,000 | 393,000 | 916,000 | 393,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Non Owner Occupied Loan [Member] | ||||
Beginning Balance | 189,000 | 232,000 | 210,000 | 237,000 |
Charge-Offs | 0 | 0 | 0 | 0 |
Payments | (4,000) | (7,000) | (25,000) | (12,000) |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 0 | 0 | 0 | 0 |
Ending Balance | 185,000 | 225,000 | 185,000 | 225,000 |
Commercial Portfolio Segment [Member] | Acquired Loan [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||||
Beginning Balance | 21,000 | 36,000 | 24,000 | 41,000 |
Charge-Offs | 0 | 0 | 0 | 0 |
Payments | (4,000) | (4,000) | (7,000) | (9,000) |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 0 | 0 | 0 | 0 |
Ending Balance | 17,000 | 32,000 | 17,000 | 32,000 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | Home Equity and Other [Member] | ||||
Beginning Balance | 915,000 | 1,169,000 | 938,000 | 1,127,000 |
Charge-Offs | 0 | 0 | 0 | 0 |
Payments | (25,000) | (150,000) | (48,000) | (158,000) |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 23,000 | 0 | 23,000 | 50,000 |
Ending Balance | 913,000 | 1,019,000 | 913,000 | 1,019,000 |
Retail Portfolio Segment [Member] | Originated Loan [Member] | One to Four Family Mortgages [Member] | ||||
Beginning Balance | 142,000 | 144,000 | 142,000 | 146,000 |
Charge-Offs | 0 | 0 | 0 | 0 |
Payments | (1,000) | (1,000) | (1,000) | (3,000) |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 0 | 0 | 0 | 0 |
Ending Balance | 141,000 | 143,000 | 141,000 | 143,000 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | Home Equity and Other [Member] | ||||
Beginning Balance | 529,000 | 240,000 | 464,000 | 219,000 |
Charge-Offs | (18,000) | (15,000) | (18,000) | (30,000) |
Payments | (37,000) | (36,000) | (42,000) | (37,000) |
Transfers to ORE | 0 | 0 | 0 | (82,000) |
Net Additions/Deletions | 79,000 | 113,000 | 149,000 | 232,000 |
Ending Balance | 553,000 | 302,000 | 553,000 | 302,000 |
Retail Portfolio Segment [Member] | Acquired Loan [Member] | One to Four Family Mortgages [Member] | ||||
Beginning Balance | 458,000 | 384,000 | 436,000 | 393,000 |
Charge-Offs | 0 | 0 | 0 | 0 |
Payments | (13,000) | (8,000) | (23,000) | (17,000) |
Transfers to ORE | 0 | 0 | 0 | 0 |
Net Additions/Deletions | 120,000 | 24,000 | 152,000 | 24,000 |
Ending Balance | $ 565,000 | $ 400,000 | $ 565,000 | $ 400,000 |
Note 3 - Loans and Allowance_15
Note 3 - Loans and Allowance for Loan Losses - Allowance Related to Troubled Debt Restructurings (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Related allowance | $ 2,412,000 | $ 936,000 |
Commercial Portfolio Segment [Member] | ||
Related allowance | 2,083,000 | 489,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Related allowance | 2,083,000 | 126,000 |
Commercial Portfolio Segment [Member] | Vacant Land and Land Development and Residential Construction Loan [Member] | ||
Related allowance | 0 | 0 |
Commercial Portfolio Segment [Member] | Real Estate Owner Occupied Loan [Member] | ||
Related allowance | 0 | 363,000 |
Commercial Portfolio Segment [Member] | Real Estate Non Owner Occupied Loan [Member] | ||
Related allowance | 0 | 0 |
Commercial Portfolio Segment [Member] | Real Estate Multi Family and Residential Rental Loan [Member] | ||
Related allowance | 0 | 0 |
Retail Portfolio Segment [Member] | ||
Related allowance | 329,000 | 447,000 |
Retail Portfolio Segment [Member] | Home Equity and Other [Member] | ||
Related allowance | 234,000 | 337,000 |
Retail Portfolio Segment [Member] | One to Four Family Mortgages [Member] | ||
Related allowance | $ 95,000 | $ 110,000 |
Note 4 - Premises and Equipme_3
Note 4 - Premises and Equipment, Net (Details Textual) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Depreciation, Total | $ 0.9 | $ 0.9 | $ 1.9 | $ 1.7 |
Note 4 - Premises and Equipme_4
Note 4 - Premises and Equipment, Net - Summary of Premises and Equipment (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Property, plant and equipment, gross | $ 87,022,000 | $ 81,699,000 |
Less: accumulated depreciation | 35,199,000 | 33,378,000 |
Premises and equipment, net | 51,823,000 | 48,321,000 |
Land and Land Improvements [Member] | ||
Property, plant and equipment, gross | 18,140,000 | 18,198,000 |
Building [Member] | ||
Property, plant and equipment, gross | 49,120,000 | 45,362,000 |
Furniture and Fixtures [Member] | ||
Property, plant and equipment, gross | $ 19,762,000 | $ 18,139,000 |
Note 5 - Deposits (Details Text
Note 5 - Deposits (Details Textual) - USD ($) | 6 Months Ended | |
Jun. 30, 2019 | Dec. 31, 2018 | |
Deposits, Total | $ 2,619,209,000 | $ 2,463,708,000 |
Increase (Decrease) in Deposits, Total | $ 156,000,000 | |
Aggregate Increase (Decrease) in Percentage of Deposits | 6.30% | |
Time Deposits, at or Above FDIC Insurance Limit | $ 319,000,000 | $ 232,000,000 |
Note 5 - Deposits - Summary of
Note 5 - Deposits - Summary of Deposits (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2019 | Dec. 31, 2018 | |
Noninterest-bearing | $ 918,581,000 | $ 889,784,000 |
Noninterest-bearing checking, percentage | 35.10% | 36.10% |
Noninterest-bearing checking, percent increase (decrease) | 3.20% | |
Interest-bearing checking | $ 286,531,000 | $ 339,089,000 |
Interest-bearing checking, percentage | 10.90% | 13.80% |
Interest-bearing checking, percent increase (decrease) | (15.50%) | |
Money market | $ 484,177,000 | $ 434,333,000 |
Money market, percentage | 18.50% | 17.60% |
Money market, percent increase (decrease) | 11.50% | |
Savings | $ 270,563,000 | $ 317,014,000 |
Savings, percentage | 10.30% | 12.90% |
Savings, percent increase (decrease) | (14.70%) | |
Local Time, under $100,000 | $ 205,452,000 | $ 160,092,000 |
Local Time, under $100,000, percentage | 7.80% | 6.50% |
Local Time, under $100,000, percent increase (decrease) | 28.30% | |
Local Time, $100,000 and over | $ 284,460,000 | $ 210,164,000 |
Local Time, $100,000 and over, percentage | 10.90% | 8.50% |
Local Time, $100,000 and over, percent increase (decrease) | 35.40% | |
Total local deposits | $ 2,449,764,000 | $ 2,350,476,000 |
Total local deposits, percentage | 93.50% | 95.40% |
Total local deposits, percent increase (decrease) | 4.20% | |
Out-of-area time, under $100,000 | $ 0 | $ 0 |
Out-of-area time, under $100,000, percentage | ||
Out-of-area time, under $100,000, percent increase (decrease) | ||
Out-of-area time, $100,000 and over | $ 169,445,000 | $ 113,232,000 |
Out-of-area time, $100,000 and over, percentage | 6.50% | 4.60% |
Out-of-area time, $100,000 and over, percent increase (decrease) | 49.60% | |
Total out-of-area deposits | $ 169,445,000 | $ 113,232,000 |
Total out-of-area deposits, percentage | 6.50% | 4.60% |
Total out-of-area deposits, percent increase (decrease) | 49.60% | |
Total deposits | $ 2,619,209,000 | $ 2,463,708,000 |
Total deposits, percentage | 100.00% | 100.00% |
Total deposits, percent increase (decrease) | 6.30% |
Note 6 - Securities Sold Unde_3
Note 6 - Securities Sold Under Agreements to Repurchase (Details Textual) | 6 Months Ended |
Jun. 30, 2019 | |
Repurchase Agreement Counterparty, Weighted Average Maturity of Agreements | 1 day |
Note 6 - Securities Sold Unde_4
Note 6 - Securities Sold Under Agreements to Repurchase - Securities Sold Under Agreement to Repurchase (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2019 | Dec. 31, 2018 | |
Securities sold under agreements to repurchase | $ 119,669,000 | $ 103,519,000 |
Average daily balance during the period | 103,172,000 | 101,005,000 |
Maximum daily balance during the period | $ 124,288,000 | $ 123,046,000 |
Securities Sold under Agreements to Repurchase [Member] | ||
Average interest rate at end of period | 0.26% | 0.26% |
Average interest rate during the period | 0.25% | 0.24% |
Note 7 - Federal Home Loan Ba_3
Note 7 - Federal Home Loan Bank of Indianapolis Advances (Details Textual) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Long-term Federal Home Loan Bank Advances, Total | $ 374,000,000 | $ 350,000,000 |
Line of Credit Facility, Maximum Borrowing Capacity | 743,000,000 | |
Line of Credit Facility, Remaining Borrowing Capacity | 363,000,000 | |
Federal Home Loan Bank of Indianapolis [Member] | ||
Long-term Federal Home Loan Bank Advances, Total | $ 374,000,000 | $ 350,000,000 |
Federal Home Loan Bank of Indianapolis [Member] | Minimum [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End | 1.20% | 1.20% |
Federal Home Loan Bank of Indianapolis [Member] | Maximum [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End | 3.18% | 3.18% |
Federal Home Loan Bank of Indianapolis [Member] | Weighted Average [Member] | ||
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate | 2.39% | 2.30% |
Note 7 - Federal Home Loan Ba_4
Note 7 - Federal Home Loan Bank of Indianapolis Advances - Maturities of Currently Outstanding FHLB Advances (Details) | Jun. 30, 2019USD ($) |
2019 | $ 20,000,000 |
2020 | 40,000,000 |
2021 | 70,000,000 |
2022 | 94,000,000 |
2023 | 80,000,000 |
Thereafter | $ 70,000,000 |
Note 8 - Commitments and Off-_3
Note 8 - Commitments and Off-balance Sheet Risk (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Reserve or Liability Balance for Financial Instruments With Off Balance Sheet Risk | $ 0 | $ 0 |
Note 8 - Commitments and Off-_4
Note 8 - Commitments and Off-Balance Sheet Risk - Exposure to Credit Losses (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Contractual amounts of financial instruments with off-balance sheet risk | $ 1,019,325,000 | $ 1,036,775,000 |
Standby Letters of Credit [Member] | ||
Contractual amounts of financial instruments with off-balance sheet risk | 22,515,000 | 25,322,000 |
Unused lines of Credit [Member] | Commercial Portfolio Segment [Member] | ||
Contractual amounts of financial instruments with off-balance sheet risk | 773,984,000 | 784,895,000 |
Unused lines of Credit [Member] | One to Four Family Mortgages [Member] | ||
Contractual amounts of financial instruments with off-balance sheet risk | 58,910,000 | 57,378,000 |
Unused lines of Credit [Member] | Consumer Portfolio Segment [Member] | ||
Contractual amounts of financial instruments with off-balance sheet risk | 53,475,000 | 47,432,000 |
Unused lines of Credit [Member] | Consumer Other Financing Receivable 1 [Member] | ||
Contractual amounts of financial instruments with off-balance sheet risk | 19,178,000 | 20,231,000 |
Loan Origination Commitments [Member] | ||
Contractual amounts of financial instruments with off-balance sheet risk | $ 91,263,000 | $ 101,517,000 |
Note 9 - Fair Values of Finan_3
Note 9 - Fair Values of Financial Instruments - Fair Value Hierarchy of Financial Instruments (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 | |
Securities available for sale | $ 347,924,000 | $ 337,366,000 | |
Reported Value Measurement [Member] | |||
Securities available for sale | [1] | 347,924,000 | 337,366,000 |
FHLBI stock | [2] | 18,002,000 | 16,022,000 |
Estimate of Fair Value Measurement [Member] | |||
Securities available for sale | [1] | 347,924,000 | 337,366,000 |
FHLBI stock | [2] | 18,002,000 | 16,022,000 |
Fair Value, Inputs, Level 1 [Member] | |||
Securities available for sale | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | |||
Cash | 14,055,000 | 15,656,000 | |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | |||
Cash | 14,055,000 | 15,656,000 | |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | |||
Cash equivalents | 136,370,000 | 59,698,000 | |
Loans held for sale | 4,500,000 | 1,122,000 | |
Mortgage servicing rights | 4,201,000 | 4,436,000 | |
Accrued interest receivable | 10,430,000 | 9,896,000 | |
Deposits | 2,619,209,000 | 2,463,708,000 | |
Repurchase agreements | 119,669,000 | 103,519,000 | |
FHLBI advances | 374,000,000 | 350,000,000 | |
Subordinated debentures | 46,540,000 | 46,199,000 | |
Accrued interest payable | 3,989,000 | 2,249,000 | |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | |||
Cash equivalents | 136,370,000 | 59,698,000 | |
Loans held for sale | 4,500,000 | 1,122,000 | |
Mortgage servicing rights | 7,239,000 | 8,444,000 | |
Accrued interest receivable | 10,430,000 | 9,896,000 | |
Deposits | 2,516,965,000 | 2,471,617,000 | |
Repurchase agreements | 119,669,000 | 103,519,000 | |
FHLBI advances | 380,720,000 | 348,428,000 | |
Subordinated debentures | 46,248,000 | 46,543,000 | |
Accrued interest payable | 3,989,000 | 2,249,000 | |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | |||
Loans, net | 2,852,940,000 | 2,729,583,000 | |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | |||
Loans, net | $ 2,876,906,000 | $ 2,711,687,000 | |
[1] | See Note 11 for a description of the fair value hierarchy as well as a disclosure of levels for classes of financial assets and liabilities. | ||
[2] | It is not practical to determine the fair value of FHLBI stock due to transferability restrictions; therefore, fair value is estimated at carrying amount. |
Note 10 - Fair Values (Details
Note 10 - Fair Values (Details Textual) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2019 | Dec. 31, 2018 | |
Debt Securities, Available-for-sale, Total | $ 347,924,000 | $ 337,366,000 |
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Ending Balance | $ 4,500,000 | 1,100,000 |
Real Estate Dependent Loans and Foreclosed Assets Estimated Selling Costs [Member] | ||
Fair Value Inputs, Discount Factor | 10.00% | |
Real Estate Dependent Loans and Foreclosed Assets [Member] | Commercial Real Estate [Member] | Minimum [Member] | ||
Fair Value Inputs, Discount Factor | 15.00% | |
Real Estate Dependent Loans and Foreclosed Assets [Member] | Commercial Real Estate [Member] | Maximum [Member] | ||
Fair Value Inputs, Discount Factor | 25.00% | |
Real Estate Dependent Loans and Foreclosed Assets [Member] | Residential Real Estate [Member] | Minimum [Member] | ||
Fair Value Inputs, Discount Factor | 25.00% | |
Real Estate Dependent Loans and Foreclosed Assets [Member] | Residential Real Estate [Member] | Maximum [Member] | ||
Fair Value Inputs, Discount Factor | 50.00% | |
Municipal General Obligation Bonds [Member] | ||
Debt Securities, Available-for-sale, Total | $ 97,135,000 | 102,497,000 |
Fair Value, Inputs, Level 1 [Member] | ||
Debt Securities, Available-for-sale, Total | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Municipal General Obligation Bonds [Member] | ||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements | 1,000,000 | 1,500,000 |
Available-for-sale Securities [Member] | ||
SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount, Ending Balance | $ 0 | $ 0 |
Note 10 - Fair Values - Assets
Note 10 - Fair Values - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Debt Securities, Available-for-sale, Total | $ 347,924,000 | $ 337,366,000 |
Fair Value, Inputs, Level 1 [Member] | ||
Debt Securities, Available-for-sale, Total | 0 | 0 |
US Government Agencies Debt Securities [Member] | ||
Debt Securities, Available-for-sale, Total | 200,710,000 | 187,077,000 |
Collateralized Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale, Total | 45,687,000 | 43,658,000 |
Municipal General Obligation Bonds [Member] | ||
Debt Securities, Available-for-sale, Total | 97,135,000 | 102,497,000 |
Municipal Revenue Bonds [Member] | ||
Debt Securities, Available-for-sale, Total | 3,892,000 | 3,634,000 |
Other Debt and Equity Securities [Member] | ||
Debt Securities, Available-for-sale, Total | 500,000 | 500,000 |
Fair Value, Recurring [Member] | ||
Debt Securities, Available-for-sale, Total | 347,924,000 | 337,366,000 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt Securities, Available-for-sale, Total | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt Securities, Available-for-sale, Total | 345,229,000 | 333,637,000 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt Securities, Available-for-sale, Total | 2,695,000 | 3,729,000 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Debt Securities, Available-for-sale, Total | 200,710,000 | 187,077,000 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt Securities, Available-for-sale, Total | 0 | 0 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt Securities, Available-for-sale, Total | 200,710,000 | 187,077,000 |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt Securities, Available-for-sale, Total | 0 | 0 |
Fair Value, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | ||
Debt Securities, Available-for-sale, Total | 45,687,000 | 43,658,000 |
Fair Value, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt Securities, Available-for-sale, Total | 0 | 0 |
Fair Value, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt Securities, Available-for-sale, Total | 45,687,000 | 43,658,000 |
Fair Value, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt Securities, Available-for-sale, Total | 0 | 0 |
Fair Value, Recurring [Member] | Municipal General Obligation Bonds [Member] | ||
Debt Securities, Available-for-sale, Total | 97,135,000 | 102,497,000 |
Fair Value, Recurring [Member] | Municipal General Obligation Bonds [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt Securities, Available-for-sale, Total | 0 | 0 |
Fair Value, Recurring [Member] | Municipal General Obligation Bonds [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt Securities, Available-for-sale, Total | 94,440,000 | 98,768,000 |
Fair Value, Recurring [Member] | Municipal General Obligation Bonds [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt Securities, Available-for-sale, Total | 2,695,000 | 3,729,000 |
Fair Value, Recurring [Member] | Municipal Revenue Bonds [Member] | ||
Debt Securities, Available-for-sale, Total | 3,892,000 | 3,634,000 |
Fair Value, Recurring [Member] | Municipal Revenue Bonds [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt Securities, Available-for-sale, Total | 0 | 0 |
Fair Value, Recurring [Member] | Municipal Revenue Bonds [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt Securities, Available-for-sale, Total | 3,892,000 | 3,634,000 |
Fair Value, Recurring [Member] | Municipal Revenue Bonds [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt Securities, Available-for-sale, Total | 0 | 0 |
Fair Value, Recurring [Member] | Other Debt and Equity Securities [Member] | ||
Debt Securities, Available-for-sale, Total | 500,000 | 500,000 |
Fair Value, Recurring [Member] | Other Debt and Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt Securities, Available-for-sale, Total | 0 | 0 |
Fair Value, Recurring [Member] | Other Debt and Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt Securities, Available-for-sale, Total | 500,000 | 500,000 |
Fair Value, Recurring [Member] | Other Debt and Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt Securities, Available-for-sale, Total | $ 0 | $ 0 |
Note 10 - Fair Values - Asset_2
Note 10 - Fair Values - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Impaired loans | $ 15,395,000 | $ 8,181,000 |
Foreclosed assets | 446,000 | 811,000 |
Total | 15,841,000 | 8,992,000 |
Fair Value, Inputs, Level 1 [Member] | ||
Impaired loans | 0 | 0 |
Foreclosed assets | 0 | 0 |
Total | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Impaired loans | 0 | 0 |
Foreclosed assets | 0 | 0 |
Total | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Impaired loans | 15,395,000 | 8,181,000 |
Foreclosed assets | 446,000 | 811,000 |
Total | $ 15,841,000 | $ 8,992,000 |
Note 11 - Regulatory Matters (D
Note 11 - Regulatory Matters (Details Textual) - USD ($) $ / shares in Units, $ in Millions | Jul. 11, 2019 | Apr. 11, 2019 | Jan. 17, 2019 | Jun. 30, 2019 | Jun. 30, 2019 | May 07, 2019 | Dec. 31, 2018 | Apr. 19, 2016 | Jan. 30, 2015 | Dec. 31, 2009 |
Preferred Securities of Subsidiary Trust | $ 46.5 | $ 46.5 | $ 44.1 | |||||||
Maximum Restricted Core Element Allowed in Tier One Capital Percent | 25.00% | |||||||||
Maximum Level of Consolidated Aggregate Assets Allowing for Inclusion of Trust Preferred Securities in Tier One Capital | $ 15,000 | |||||||||
Capital Conservation Buffer | 2.50% | |||||||||
Common Stock, Dividends, Per Share, Declared | $ 0.26 | $ 0.26 | ||||||||
Dividends Payable, Date to be Paid | Jun. 19, 2019 | Mar. 20, 2019 | ||||||||
Stock Repurchase Program, Authorized Amount | $ 20 | $ 20 | ||||||||
Stock Repurchase Program Additional Authorized Amount | $ 15 | |||||||||
Stock Repurchased During Period, Shares | 119,120 | 1,275,444 | ||||||||
Stock Repurchased During Period, Value | $ 3.6 | $ 29 | ||||||||
Treasury Stock Acquired, Average Cost Per Share | $ 30.23 | $ 22.77 | ||||||||
Subsequent Event [Member] | ||||||||||
Common Stock, Dividends, Per Share, Declared | $ 0.27 | |||||||||
Dividends Payable, Date to be Paid | Sep. 18, 2019 |
Note 11 - Regulatory Matters -
Note 11 - Regulatory Matters - Actual Capital Levels and Minimum Levels (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Consolidated Entities [Member] | ||
Total capital, amount | $ 412,841 | $ 396,102 |
Total capital, ratio | 12.60% | 12.50% |
Total capital minimum required for capital adequacy, amount | $ 263,197 | $ 253,413 |
Total capital minimum required for capital adequacy, ratio | 8.00% | 8.00% |
Tier 1 capital, amount | $ 388,788 | $ 373,721 |
Tier 1 capital, ratio | 11.80% | 11.80% |
Tier 1 capital minimum required for capital adequacy, amount | $ 197,398 | $ 190,060 |
Tier 1 capital minimum required for capital adequacy, ratio | 6.00% | 6.00% |
Common equity tier 1, amount | $ 344,323 | $ 329,596 |
Common equity tier 1, ratio | 10.50% | 10.40% |
Common equity tier 1 minimum required for capital adequacy, amount | $ 148,049 | $ 142,545 |
Common equity tier 1 capital minimum required for capital adequacy, ratio | 4.50% | 4.50% |
Tier 1 capital to average assets, amount | $ 388,788 | $ 373,721 |
Tier 1 capital to average assets, ratio | 11.20% | 11.40% |
Tier 1 capital to average assets, minimum required for capital adequacy, amount | $ 139,236 | $ 131,014 |
Tier 1 capital to average assets minimum required for capital adequacy, ratio | 4.00% | 4.00% |
Bank [Member] | ||
Total capital, amount | $ 406,912 | $ 388,591 |
Total capital, ratio | 12.40% | 12.30% |
Total capital minimum required for capital adequacy, amount | $ 263,153 | $ 253,225 |
Total capital minimum required for capital adequacy, ratio | 8.00% | 8.00% |
Total capital to be well capitalized, amount | $ 328,941 | $ 316,531 |
Total capital to be well capitalized, ratio | 10.00% | 10.00% |
Tier 1 capital, amount | $ 382,859 | $ 366,211 |
Tier 1 capital, ratio | 11.60% | 11.60% |
Tier 1 capital minimum required for capital adequacy, amount | $ 197,365 | $ 189,919 |
Tier 1 capital minimum required for capital adequacy, ratio | 6.00% | 6.00% |
Tier 1 capital to be well capitalized, amount | $ 263,153 | $ 253,225 |
Tier 1 capital to be well capitalized, ratio | 8.00% | 8.00% |
Common equity tier 1, amount | $ 382,859 | $ 366,211 |
Common equity tier 1, ratio | 11.60% | 11.60% |
Common equity tier 1 minimum required for capital adequacy, amount | $ 148,024 | $ 142,439 |
Common equity tier 1 capital minimum required for capital adequacy, ratio | 4.50% | 4.50% |
Common equity tier 1 capital to be well capitalized, amount | $ 213,812 | $ 205,745 |
Common equity tier 1 capital to be well capitalized, ratio | 6.50% | 6.50% |
Tier 1 capital to average assets, amount | $ 382,859 | $ 366,211 |
Tier 1 capital to average assets, ratio | 11.00% | 11.20% |
Tier 1 capital to average assets, minimum required for capital adequacy, amount | $ 139,219 | $ 130,913 |
Tier 1 capital to average assets minimum required for capital adequacy, ratio | 4.00% | 4.00% |
Tier 1 capital to average assets to be well capitalized, amount | $ 174,024 | $ 163,641 |
Tier 1 capital to average assets to be well capitalized, ratio | 5.00% | 5.00% |