Document and Entity Information
Document and Entity Information Document - shares | 9 Months Ended | |
Sep. 30, 2018 | Oct. 24, 2018 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | WEST BANCORPORATION INC | |
Entity Central Index Key | 1,166,928 | |
Document Type | 10-Q | |
Document Period Date | Sep. 30, 2018 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Current Fiscal Year End Date | --12-31 | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding | 16,295,494 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash and due from banks | $ 26,406 | $ 34,952 |
Federal funds sold | 876 | 12,997 |
Cash and cash equivalents | 27,282 | 47,949 |
Investment securities available for sale, at fair value | 470,331 | 444,219 |
Investment securities held to maturity, at amortized cost (fair value $45,890 at December 31, 2017) | 0 | 45,527 |
Federal Home Loan Bank stock, at cost | 10,061 | 9,174 |
Loans | 1,600,817 | 1,510,500 |
Allowance for loan losses | (16,673) | (16,430) |
Loans, net | 1,584,144 | 1,494,070 |
Premises and equipment, net | 21,722 | 23,022 |
Accrued interest receivable | 7,782 | 7,344 |
Bank-owned life insurance | 34,086 | 33,618 |
Deferred tax assets, net | 6,901 | 4,645 |
Other assets | 9,357 | 4,809 |
Total assets | 2,171,666 | 2,114,377 |
Deposits: | ||
Noninterest-bearing demand | 396,079 | 395,888 |
Interest-bearing demand | 313,916 | 395,052 |
Savings | 943,717 | 850,216 |
Time of $250 or more | 33,752 | 16,965 |
Other time | 151,828 | 152,692 |
Total deposits | 1,839,292 | 1,810,813 |
Federal funds purchased | 26,245 | 545 |
Subordinated notes, net | 20,422 | 20,412 |
Federal Home Loan Bank advances, net | 77,501 | 76,382 |
Long-term debt | 17,582 | 22,917 |
Accrued expenses and other liabilities | 6,006 | 5,210 |
Total liabilities | 1,987,048 | 1,936,279 |
COMMITMENTS AND CONTINGENCIES (NOTE 8) | ||
STOCKHOLDERS' EQUITY | ||
Preferred stock, $0.01 par value; authorized 50,000,000 shares; no shares issued and outstanding at September 30, 2018 and December 31, 2017 | 0 | 0 |
Common stock, no par value; authorized 50,000,000 shares; 16,295,494 and 16,215,672 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively | 3,000 | 3,000 |
Additional paid-in capital | 24,391 | 23,463 |
Retained earnings | 165,741 | 153,527 |
Accumulated other comprehensive loss | (8,514) | (1,892) |
Total stockholders' equity | 184,618 | 178,098 |
Total liabilities and stockholders' equity | $ 2,171,666 | $ 2,114,377 |
Balance Sheet Parenthetical (Pa
Balance Sheet Parenthetical (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
ASSETS | ||
Held-to-maturity securities, fair value | $ 0 | $ 45,890 |
Preferred Stock: | ||
Preferred stock, par value ($ per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 50,000,000 | 50,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common Stock: | ||
Common Stock, No Par Value | $ 0 | $ 0 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, shares issued | 16,295,494 | 16,215,672 |
Common stock, shares outstanding | 16,295,494 | 16,215,672 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Interest income: | |||||
Loans, including fees | $ 18,347 | $ 15,854 | $ 51,989 | $ 46,865 | |
Investment securities: | |||||
Taxable | 2,296 | 1,489 | 5,995 | 3,755 | |
Tax-exempt | 1,199 | 1,081 | 3,867 | 2,674 | |
Federal funds sold | 78 | 136 | 336 | 223 | |
Total interest income | 21,920 | 18,560 | 62,187 | 53,517 | |
Interest expense: | |||||
Deposits | 4,768 | 2,108 | 11,578 | 5,084 | |
Federal funds purchased | 61 | 13 | 140 | 82 | |
Subordinated notes | 287 | 232 | 819 | 667 | |
Federal Home Loan Bank advances | 930 | 972 | 2,669 | 2,837 | |
Long-term debt | 187 | 204 | 579 | 334 | |
Total interest expense | 6,233 | 3,529 | 15,785 | 9,004 | |
Net interest income | 15,687 | 15,031 | 46,402 | 44,513 | |
Provision for loan losses | [1] | (400) | 0 | (250) | 0 |
Net interest income after provision for loan losses | 16,087 | 15,031 | 46,652 | 44,513 | |
Noninterest income: | |||||
Increase in cash value of bank-owned life insurance | 158 | 167 | 468 | 484 | |
Gain from bank-owned life insurance | 0 | 0 | 0 | 307 | |
Realized investment securities gains (losses), net | (78) | 197 | (103) | 423 | |
Other income | 518 | 314 | 1,041 | 983 | |
Total noninterest income | 2,114 | 2,264 | 6,050 | 6,740 | |
Noninterest expense: | |||||
Salaries and employee benefits | 4,774 | 4,430 | 14,062 | 13,216 | |
Occupancy | 1,250 | 1,087 | 3,731 | 3,315 | |
Data processing | 670 | 635 | 2,020 | 2,031 | |
FDIC insurance | 172 | 151 | 499 | 514 | |
Professional fees | 196 | 184 | 608 | 725 | |
Director fees | 248 | 240 | 758 | 697 | |
Write-down of premises | 0 | 0 | 333 | 0 | |
Other expenses | 1,251 | 1,293 | 3,795 | 3,737 | |
Total noninterest expense | 8,561 | 8,020 | 25,806 | 24,235 | |
Income before income taxes | 9,640 | 9,275 | 26,896 | 27,018 | |
Income taxes | 2,507 | 2,870 | 5,615 | 8,142 | |
Net income | $ 7,133 | $ 6,405 | $ 21,281 | $ 18,876 | |
Basic earnings per common share | $ 0.44 | $ 0.40 | $ 1.31 | $ 1.17 | |
Diluted earnings per common share | 0.43 | 0.39 | 1.30 | 1.16 | |
Cash dividends declared per common share | $ 0.20 | $ 0.18 | $ 0.58 | $ 0.53 | |
Service charges on deposit accounts [Member] | |||||
Noninterest income: | |||||
Revenue from contract with customer, including assessed tax | $ 649 | $ 715 | $ 1,925 | $ 1,946 | |
Debit card usage fees [Member] | |||||
Noninterest income: | |||||
Revenue from contract with customer, including assessed tax | 422 | 435 | 1,254 | 1,333 | |
Trust services [Member] | |||||
Noninterest income: | |||||
Revenue from contract with customer, including assessed tax | $ 445 | $ 436 | $ 1,465 | $ 1,264 | |
[1] | The negative provisions for the various segments are related to the decline in outstanding balances in each of those portfolio segments during the time periods disclosed and/or improvement in the credit quality factors related to those portfolio segments. |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 7,133 | $ 6,405 | $ 21,281 | $ 18,876 |
Unrealized holding gains (losses) on investment securities arising during the period | (4,182) | (1,316) | (12,373) | 2,509 |
Unrealized gains on investment securities transferred from held to maturity to available for sale | 0 | 0 | 363 | 0 |
Plus: reclassification adjustment for net (gains) losses realized in net income | 78 | (197) | 103 | (423) |
Less: other reclassification adjustment | 0 | (34) | (36) | (234) |
Income tax benefit (expense) | 1,026 | 588 | 2,988 | (704) |
Other comprehensive income (loss) on investment securities | (3,078) | (959) | (8,955) | 1,148 |
Unrealized holding gains (losses) on derivatives arising during the period | 964 | (29) | 3,512 | (376) |
Plus: reclassification adjustment for net (gain) loss on derivatives realized in net income | (10) | 70 | 25 | 239 |
Plus: reclassification adjustment for amortization of derivative termination costs | 24 | 28 | 71 | 82 |
Income tax benefit (expense) | (246) | (26) | (905) | 21 |
Other comprehensive income (loss) on derivatives | 732 | 43 | 2,703 | (34) |
Total other comprehensive income (loss) | (2,346) | (916) | (6,252) | 1,114 |
Comprehensive income | $ 4,787 | $ 5,489 | $ 15,029 | $ 19,990 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) | Total | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
Balance at Dec. 31, 2016 | $ 165,376,000 | $ 0 | $ 3,000,000 | $ 21,462,000 | $ 141,956,000 | $ (1,042,000) |
Common Stock, Shares, Outstanding at Dec. 31, 2016 | 16,137,999 | |||||
Stockholders' Equity [Roll Forward] | ||||||
Net income | 18,876,000 | 0 | $ 0 | 0 | 18,876,000 | 0 |
Other comprehensive income (loss), net of tax | 1,114,000 | 0 | 0 | 0 | 0 | 1,114,000 |
Cash dividends declared, common stock | (8,580,000) | 0 | 0 | 0 | (8,580,000) | 0 |
Stock-based compensation costs | 1,932,000 | 0 | 0 | 1,932,000 | 0 | 0 |
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for payroll taxes, value | (631,000) | 0 | $ 0 | (631,000) | 0 | 0 |
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for payroll taxes, shares | 77,673 | |||||
Balance at Sep. 30, 2017 | 178,087,000 | $ 3,000,000 | 22,763,000 | 152,252,000 | 72,000 | |
Common Stock, Shares, Outstanding at Sep. 30, 2017 | 16,215,672 | |||||
Balance at Jun. 30, 2017 | 174,886,000 | 0 | $ 3,000,000 | 22,132,000 | 148,766,000 | 988,000 |
Common Stock, Shares, Outstanding at Jun. 30, 2017 | 16,211,161 | |||||
Stockholders' Equity [Roll Forward] | ||||||
Net income | 6,405,000 | 0 | $ 0 | 0 | 6,405,000 | 0 |
Other comprehensive income (loss), net of tax | (916,000) | 0 | 0 | 0 | 0 | (916,000) |
Cash dividends declared, common stock | (2,919,000) | 0 | 0 | 0 | (2,919,000) | 0 |
Stock-based compensation costs | 709,000 | 0 | 0 | 709,000 | 0 | 0 |
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for payroll taxes, value | (78,000) | 0 | $ 0 | (78,000) | 0 | 0 |
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for payroll taxes, shares | 4,511 | |||||
Balance at Sep. 30, 2017 | 178,087,000 | $ 3,000,000 | 22,763,000 | 152,252,000 | 72,000 | |
Common Stock, Shares, Outstanding at Sep. 30, 2017 | 16,215,672 | |||||
Balance at Dec. 31, 2017 | $ 178,098,000 | $ 3,000,000 | 23,463,000 | 153,527,000 | (1,892,000) | |
Common Stock, Shares, Outstanding at Dec. 31, 2017 | 16,215,672 | 16,215,672 | ||||
Stockholders' Equity [Roll Forward] | ||||||
Reclassification of stranded tax effects | 370,000 | (370,000) | ||||
Net income | $ 21,281,000 | 21,281,000 | ||||
Other comprehensive income (loss), net of tax | (6,252,000) | (6,252,000) | ||||
Cash dividends declared, common stock | (9,437,000) | (9,437,000) | ||||
Stock-based compensation costs | 2,004,000 | 2,004,000 | ||||
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for payroll taxes, value | (1,076,000) | (1,076,000) | ||||
Issuance of common stock upon vesting of restricted stock units, net of shares withheld for payroll taxes, shares | 79,822 | |||||
Balance at Sep. 30, 2018 | $ 184,618,000 | $ 3,000,000 | 24,391,000 | 165,741,000 | (8,514,000) | |
Common Stock, Shares, Outstanding at Sep. 30, 2018 | 16,295,494 | 16,295,494 | ||||
Balance at Jun. 30, 2018 | $ 182,352,000 | 0 | $ 3,000,000 | 23,653,000 | 161,867,000 | (6,168,000) |
Common Stock, Shares, Outstanding at Jun. 30, 2018 | 16,295,494 | |||||
Stockholders' Equity [Roll Forward] | ||||||
Net income | 7,133,000 | 0 | $ 0 | 0 | 7,133,000 | 0 |
Other comprehensive income (loss), net of tax | (2,346,000) | 0 | 0 | 0 | 0 | (2,346,000) |
Cash dividends declared, common stock | (3,259,000) | 0 | 0 | 0 | (3,259,000) | 0 |
Stock-based compensation costs | 738,000 | $ 0 | 0 | 738,000 | 0 | 0 |
Balance at Sep. 30, 2018 | $ 184,618,000 | $ 3,000,000 | $ 24,391,000 | $ 165,741,000 | $ (8,514,000) | |
Common Stock, Shares, Outstanding at Sep. 30, 2018 | 16,295,494 | 16,295,494 |
Stockholders' Equity Parentheti
Stockholders' Equity Parenthetical (Parentheticals) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Statement of Stockholders' Equity [Abstract] | ||||
Cash dividends declared per common share | $ 0.20 | $ 0.18 | $ 0.58 | $ 0.53 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Cash Flows from Operating Activities: | |||||
Net income | $ 7,133 | $ 6,405 | $ 21,281 | $ 18,876 | |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||
Provision for loan losses | [1] | (400) | 0 | (250) | 0 |
Net amortization and accretion | 3,715 | 2,921 | |||
Investment securities (gains) losses, net | 78 | (197) | 103 | (423) | |
Stock-based compensation | 2,004 | 1,932 | |||
Increase in cash value of bank-owned life insurance | (158) | (167) | (468) | (484) | |
Gain from bank-owned life insurance | 0 | 0 | 0 | (307) | |
Depreciation | 1,053 | 1,007 | |||
Write-down of premises | 0 | 0 | 333 | 0 | |
Deferred income taxes | (173) | 413 | |||
Change in assets and liabilities: | |||||
Increase in accrued interest receivable | (438) | (1,315) | |||
Increase in other assets | (1,095) | (125) | |||
Increase (decrease) in accrued expenses and other liabilities | 881 | (516) | |||
Net cash provided by operating activities | 26,946 | 21,979 | |||
Cash Flows from Investing Activities: | |||||
Proceeds from sales of securities available for sale | 56,924 | 21,204 | 66,140 | 74,224 | |
Proceeds from maturities and calls of investment securities | 34,883 | 38,529 | |||
Purchases of securities available for sale | (96,170) | (267,133) | |||
Purchases of Federal Home Loan Bank stock | (10,634) | (16,794) | |||
Proceeds from redemption of Federal Home Loan Bank stock | 9,747 | 15,309 | |||
Net increase in loans | (89,824) | (56,789) | |||
Purchases of premises and equipment | (86) | (866) | |||
Proceeds of principal and earnings from bank-owned life insurance | 0 | 451 | |||
Net cash used in investing activities | (85,944) | (213,069) | |||
Cash Flows from Financing Activities: | |||||
Net increase in deposits | 28,479 | 104,661 | |||
Net increase in federal funds purchased | 25,700 | 39,235 | |||
Proceeds from long-term debt | 0 | 22,000 | |||
Principal payments on long-term debt | (5,335) | (2,934) | |||
Common stock dividends paid | (9,437) | (8,580) | |||
Restricted stock units withheld for payroll taxes | (1,076) | (631) | |||
Net cash provided by financing activities | 38,331 | 153,751 | |||
Net decrease in cash and cash equivalents | (20,667) | (37,339) | |||
Cash and Cash Equivalents | |||||
Beginning | 47,949 | 76,836 | |||
Ending | 27,282 | 39,497 | 27,282 | 39,497 | |
Supplemental Disclosures of Cash Flow Information: | |||||
Cash payments for interest | 15,471 | 8,667 | |||
Cash payments for income taxes | 4,822 | 6,410 | |||
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract] | |||||
Held to maturity securities, transferred to available for sale securities, amortized cost | $ 45,527 | $ 0 | $ 45,527 | $ 0 | |
[1] | The negative provisions for the various segments are related to the decline in outstanding balances in each of those portfolio segments during the time periods disclosed and/or improvement in the credit quality factors related to those portfolio segments. |
Organization and Nature of Busi
Organization and Nature of Business and Summary of Significant Accounting Policies (Notes) | 9 Months Ended |
Sep. 30, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | The accompanying unaudited consolidated financial statements have been prepared by West Bancorporation, Inc. (the Company) pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in financial statements have been condensed or omitted pursuant to such rules and regulations. Although management believes that the disclosures are adequate to make the information presented understandable, it is suggested that these interim consolidated financial statements be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2017 . In the opinion of management, the accompanying consolidated financial statements of the Company contain all adjustments necessary to fairly present its financial position as of September 30, 2018 and December 31, 2017 , net income, comprehensive income and changes in stockholders' equity for the three and nine months ended September 30, 2018 and 2017 , and cash flows for the nine months ended September 30, 2018 and 2017 . The results for these interim periods may not be indicative of results for the entire year or for any other period. The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (GAAP) established by the Financial Accounting Standards Board (FASB). References to GAAP issued by the FASB in these footnotes are to the FASB Accounting Standards Codification™ , sometimes referred to as the Codification or ASC. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses for the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term are the fair value of financial instruments and the allowance for loan losses. The accompanying unaudited consolidated financial statements include the accounts of the Company, West Bank and West Bank's wholly-owned subsidiary WB Funding Corporation (which was liquidated in March 2018). All significant intercompany transactions and balances have been eliminated in consolidation. In accordance with GAAP, West Bancorporation Capital Trust I is recorded on the books of the Company using the equity method of accounting and is not consolidated. Current accounting developments : In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The guidance in this update supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance throughout the industry topics of the Codification. The core principle is that a company should recognize revenue to depict the transfer of promised goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. For public companies, this update was effective for interim and annual periods beginning after December 15, 2017. The Company adopted the guidance effective January 1, 2018, using the modified retrospective method. The implementation of the new standard did not result in a change to the accounting for any in-scope revenue streams; as such, no cumulative effect adjustment to opening retained earnings was recorded. The Company's revenue is primarily composed of interest income on financial instruments, including investment securities and loans, which are excluded from the scope of Topic 606. Also excluded from the scope of Topic 606 is revenue from bank-owned life insurance, loan fees and letter of credit fees. Approximately 90 percent of the Company's revenue is outside the scope of this update. Topic 606 is applicable to deposit account related fees, including general service fees charged for deposit account maintenance and activity and transaction-based fees charged for certain services, such as debit card, wire transfer or overdraft activities. Revenue is recognized when the performance obligation is completed, which is generally after a transaction is completed or monthly for account maintenance services. Topic 606 is also applicable to trust services, which include periodic fees earned from trusts and investment management agency accounts, estate administration, custody accounts, individual retirement accounts, and other related services. Fees are charged based on standard agreements or by statute and are recognized over the period of time the Company provides the contracted services. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The update enhances the reporting model for financial instruments to provide users of financial statements with more decision-useful information by updating certain aspects of recognition, measurement, presentation and disclosure of financial instruments. Among other changes, the update requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, and clarifies that entities should evaluate the need for a valuation allowance on a deferred tax asset related to available for sale securities in combination with the entities' other deferred tax assets. For public companies, this update was effective for interim and annual periods beginning after December 15, 2017. The Company adopted the guidance effective January 1, 2018, using the modified retrospective method. Upon adoption, the fair value of the Company's loan portfolio is now presented using an exit price method. Also, the Company is no longer required to disclose the methodologies used for estimating fair value of financial assets and liabilities that are not measured at fair value on a recurring or nonrecurring basis. The remaining requirements of this update did not have a material impact on the Company's consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The guidance in the update supersedes the requirements in ASC Topic 840, Leases. The guidance is intended to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet for leases with terms of more than 12 months. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2018. The Company currently leases its main location and space for six other branch offices and operational departments under operating leases that will result in recognition of lease assets and lease liabilities on the consolidated balance sheets under the update. The amount of assets and liabilities added to the balance sheet are estimated to be approximately $10,000, which will not have a material impact on the Company's consolidated financial statements. In July 2018, the FASB issued ASU No. 2018-11, Targeted Improvements, which amends ASC 842, Leases. This update provides for an adoption option that will not require earlier periods to be restated at the adoption date. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326). The amendments in this update require a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net carrying value at the amount expected to be collected on the financial assets. Under the updates, the income statement will reflect the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount of financial assets. An entity must use judgment in determining the relevant information and estimation methods that are appropriate in its circumstances. The allowance for credit losses for purchased financial assets with a more-than-insignificant amount of credit deterioration since origination that are measured at amortized cost basis will be determined in a similar manner to other financial assets measured at amortized cost basis; however, the initial allowance for credit losses will be added to the purchase price rather than being reported as a credit loss expense. Only subsequent changes in the allowance for credit losses will be recorded as a credit loss expense for these assets. Off-balance-sheet arrangements such as commitments to extend credit, guarantees and standby letters of credit that are not considered derivatives under ASC 815 and are not unconditionally cancellable are also within the scope of this update. Credit losses relating to available for sale debt securities should be recorded through an allowance for credit losses. For public companies, the update is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. All entities may adopt the amendments in this update earlier as of fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. An entity will apply the amendments in this update on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The Company does not plan to early adopt this standard, but is currently planning for the implementation. It is too early to assess the impact that this guidance will have on the Company's consolidated financial statements. In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . The amendments in this update make targeted changes to the existing hedge accounting model to better align the accounting rules with a company’s risk management activities, and to simplify the application of the hedge accounting model. The update expands the types of transactions eligible for hedge accounting, eliminates the requirement to separately measure and present hedge ineffectiveness, and simplifies the way assessments of hedge ineffectiveness may be performed. The update also permits a one-time reclassification of prepayable debt securities from held to maturity classification to available for sale. For public companies, the update is effective for annual periods beginning after December 15, 2018, with early adoption permitted, including in an interim period. The amendments' presentation and disclosure guidance is required on a prospective basis. The Company adopted the guidance effective January 1, 2018. The requirements of this update related to the Company's hedging activities did not have any impact on the Company's consolidated financial statements. Upon adoption, the Company elected to transfer all its held to maturity securities portfolio to available for sale. The transferred securities had an amortized cost basis of $45,527 and a fair value of $45,890 . Upon transfer, the Company recorded an adjustment of $273 to accumulated other comprehensive income (loss), net of deferred income taxes, for the unrealized gains and losses related to the transferred securities. In February 2018, the FASB issued ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The amendment in this update allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the December 22, 2017, enactment of Public Law 115-97, commonly known as the Tax Cut and Jobs Act (Tax Act), which reduced the federal corporate income tax rate and became effective in 2018. For public companies, the update is effective for annual periods beginning after December 15, 2018, with early adoption permitted. The amendment can be adopted at the beginning of the period or on a retrospective basis. The Company adopted the amendment effective January 1, 2018, using the beginning of period method. The reclassified amount was $370 . In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement. The amendments in this update modify the disclosure requirements for fair value measurements by removing, modifying, or adding certain disclosures. The update is effective for interim and annual periods in fiscal years beginning after December 15, 2019, with early adoption permitted for the removed disclosures and delayed adoption until fiscal year 2020 permitted for the new disclosures. The removed and modified disclosures will be adopted on a retrospective basis, and the new disclosures will be adopted on a prospective basis. The adoption will not have a material effect on the Company’s consolidated financial statements. |
Earnings Per Common Share (Note
Earnings Per Common Share (Notes) | 9 Months Ended |
Sep. 30, 2018 | |
Earnings Per Share [Abstract] | |
Earnings per Common Share [Text Block] | Earnings per Common Share Basic earnings per common share are computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per common share reflect the potential dilution that could occur if the Company's outstanding restricted stock units were vested. The dilutive effect was computed using the treasury stock method, which assumes all stock-based awards were exercised and the hypothetical proceeds from exercise were used by the Company to purchase common stock at the average market price during the period. The incremental shares, to the extent they would have been dilutive, were included in the denominator of the diluted earnings per common share calculation. The calculations of earnings per common share and diluted earnings per common share for the three and nine months ended September 30, 2018 and 2017 are presented in the following table. Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share data) 2018 2017 2018 2017 Net income $ 7,133 $ 6,405 $ 21,281 $ 18,876 Weighted average common shares outstanding 16,295 16,213 16,268 16,186 Weighted average effect of restricted stock units outstanding 106 118 132 127 Diluted weighted average common shares outstanding 16,401 16,331 16,400 16,313 Basic earnings per common share $ 0.44 $ 0.40 $ 1.31 $ 1.17 Diluted earnings per common share $ 0.43 $ 0.39 $ 1.30 $ 1.16 Number of anti-dilutive common stock equivalents excluded from diluted earnings per share computation 137 24 92 14 |
Investment Securities (Notes)
Investment Securities (Notes) | 9 Months Ended |
Sep. 30, 2018 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment Securities [Text Block] | Securities The following tables show the amortized cost, gross unrealized gains and losses, and fair value of investment securities, by investment security type as of September 30, 2018 and December 31, 2017 . September 30, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available for sale: State and political subdivisions $ 161,888 $ 40 $ (6,154 ) $ 155,774 Collateralized mortgage obligations (1) 168,296 — (5,651 ) 162,645 Mortgage-backed securities (1) 62,225 — (1,737 ) 60,488 Asset-backed securities (2) 39,465 — (694 ) 38,771 Trust preferred security 2,148 — (148 ) 2,000 Corporate notes 51,866 21 (1,234 ) 50,653 $ 485,888 $ 61 $ (15,618 ) $ 470,331 December 31, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available for sale: State and political subdivisions $ 146,331 $ 928 $ (946 ) $ 146,313 Collateralized mortgage obligations (1) 162,631 28 (2,727 ) 159,932 Mortgage-backed securities (1) 60,956 20 (547 ) 60,429 Asset-backed securities (2) 45,539 8 (352 ) 45,195 Trust preferred security 2,134 — (128 ) 2,006 Corporate notes 30,278 331 (265 ) 30,344 $ 447,869 $ 1,315 $ (4,965 ) $ 444,219 Securities held to maturity: State and political subdivisions $ 45,527 $ 460 $ (97 ) $ 45,890 (1) All collateralized mortgage obligations and mortgage-backed securities consist of residential mortgage pass-through securities guaranteed by FHLMC or FNMA, real estate mortgage investment conduits guaranteed by FNMA, FHLMC or GNMA, and commercial mortgage pass-through securities guaranteed by the SBA. (2) Pass-through asset-backed securities guaranteed by the SBA, representing participating interests in pools of long-term debentures issued by state and local development companies certified by the SBA. On January 1, 2018, the Company adopted the amendments of ASU No. 2017-12 and, as a result, elected to transfer all securities classified as held to maturity to available for sale. At the date of reclassification, the held to maturity securities portfolio was carried at an amortized cost of $45,527 . The reclassification of securities between categories was accounted for at fair value. At the date of reclassification, the securities had a fair value of $45,890 and net unrealized holding gains of $273 , which were recorded net of tax in other comprehensive income. The transfer enhanced liquidity and increased flexibility with regard to asset-liability management and balance sheet composition. Investment securities with an amortized cost of approximately $129,578 and $120,338 as of September 30, 2018 and December 31, 2017 , respectively, were pledged to secure access to the Federal Reserve discount window, for public fund deposits, and for other purposes as required or permitted by law or regulation. The amortized cost and fair value of investment securities available for sale as of September 30, 2018 , by contractual maturity, are shown below. Certain securities have call features that allow the issuer to call the securities prior to maturity. Expected maturities may differ from contractual maturities for collateralized mortgage obligations, mortgage-backed securities and asset-backed securities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Therefore, collateralized mortgage obligations, mortgage-backed securities and asset-backed securities are not included in the maturity categories within the following maturity summary. September 30, 2018 Amortized Cost Fair Value Due in one year or less $ 115 $ 115 Due after one year through five years 3,616 3,562 Due after five years through ten years 83,586 81,587 Due after ten years 128,585 123,163 215,902 208,427 Collateralized mortgage obligations, mortgage-backed securities and asset-backed securities 269,986 261,904 $ 485,888 $ 470,331 The details of the sales of investment securities available for sale for the three and nine months ended September 30, 2018 and 2017 are summarized in the following table. Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Proceeds from sales $ 56,924 $ 21,204 $ 66,140 $ 74,224 Gross gains on sales 64 197 98 527 Gross losses on sales 142 — 201 104 The following tables show the fair value and gross unrealized losses, aggregated by investment type and length of time that individual securities have been in a continuous loss position, as of September 30, 2018 and December 31, 2017 . September 30, 2018 Less than 12 months 12 months or longer Total Fair Value Gross Unrealized (Losses) Fair Value Gross Unrealized (Losses) Fair Value Gross Unrealized (Losses) Securities available for sale: State and political subdivisions $ 102,773 $ (3,594 ) $ 48,632 $ (2,560 ) $ 151,405 $ (6,154 ) Collateralized mortgage obligations 52,539 (428 ) 110,106 (5,223 ) 162,645 (5,651 ) Mortgage-backed securities 33,041 (869 ) 26,759 (868 ) 59,800 (1,737 ) Asset-backed securities 21,040 (204 ) 17,731 (490 ) 38,771 (694 ) Trust preferred security — — 2,000 (148 ) 2,000 (148 ) Corporate notes 30,192 (390 ) 14,155 (844 ) 44,347 (1,234 ) $ 239,585 $ (5,485 ) $ 219,383 $ (10,133 ) $ 458,968 $ (15,618 ) December 31, 2017 Less than 12 months 12 months or longer Total Fair Value Gross Unrealized (Losses) Fair Value Gross Unrealized (Losses) Fair Value Gross Unrealized (Losses) Securities available for sale: State and political subdivisions $ 86,750 $ (946 ) $ — $ — $ 86,750 $ (946 ) Collateralized mortgage obligations 107,526 (1,583 ) 46,396 (1,144 ) 153,922 (2,727 ) Mortgage-backed securities 53,974 (547 ) — — 53,974 (547 ) Asset-backed securities 38,652 (352 ) — — 38,652 (352 ) Trust preferred security — — 2,006 (128 ) 2,006 (128 ) Corporate notes 14,735 (265 ) — — 14,735 (265 ) $ 301,637 $ (3,693 ) $ 48,402 $ (1,272 ) $ 350,039 $ (4,965 ) Securities held to maturity: State and political subdivisions $ 12,611 $ (70 ) $ 1,740 $ (27 ) $ 14,351 $ (97 ) As of September 30, 2018, the available for sale securities with unrealized losses included 208 state and political subdivision securities, 45 collateralized mortgage obligation securities, 18 mortgage-backed securities, seven asset-backed securities, one trust preferred security and 19 corporate notes. The Company believed the unrealized losses on securities available for sale as of September 30, 2018 were due to market conditions rather than reduced estimated cash flows. At this time, the Company does not intend to sell these securities, does not anticipate that these securities will be required to be sold before anticipated recovery, and expects full principal and interest to be collected. Therefore, the Company did not consider these securities to have other than temporary impairment as of September 30, 2018 . |
Loans and Allowance for Loan Lo
Loans and Allowance for Loan Losses (Notes) | 9 Months Ended |
Sep. 30, 2018 | |
Loans and Allowance for Loan Losses [Abstract] | |
Loans and Allowance for Loan Losses [Text Block] | Loans and Allowance for Loan Losses Loans consisted of the following segments as of September 30, 2018 and December 31, 2017 . September 30, 2018 December 31, 2017 Commercial $ 316,467 $ 347,482 Real estate: Construction, land and land development 204,891 207,451 1-4 family residential first mortgages 49,411 51,044 Home equity 14,103 13,811 Commercial 1,011,809 886,114 Consumer and other 6,293 6,363 1,602,974 1,512,265 Net unamortized fees and costs (2,157 ) (1,765 ) $ 1,600,817 $ 1,510,500 Real estate loans of approximately $800,000 and $810,000 were pledged as security for Federal Home Loan Bank (FHLB) advances as of September 30, 2018 and December 31, 2017 , respectively. Loans are stated at the principal amounts outstanding, net of unamortized loan fees and costs, with interest income recognized on the interest method based upon the terms of the loan. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. Loans are reported by the portfolio segments identified above and are analyzed by management on this basis. All loan policies identified below apply to all segments of the loan portfolio. Delinquencies are determined based on the payment terms of the individual loan agreements. The accrual of interest on past due and other impaired loans is generally discontinued at 90 days past due or when, in the opinion of management, the borrower may be unable to make all payments pursuant to contractual terms. Unless considered collectible, all interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income, if accrued in the current year, or charged to the allowance for loan losses, if accrued in the prior year. Generally, all payments received while a loan is on nonaccrual status are applied to the principal balance of the loan. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured. A loan is classified as a troubled debt restructured (TDR) loan when the Company separately concludes that a borrower is experiencing financial difficulties and a concession is granted that would not otherwise be considered. Concessions may include a restructuring of the loan terms to alleviate the burden of the borrower's cash requirements, such as an extension of the payment terms beyond the original maturity date or a change in the interest rate charged. TDR loans with extended payment terms are accounted for as impaired until performance is established. A change to the interest rate would change the classification of a loan to a TDR loan if the restructured loan yields a rate that is below a market rate for that of a new loan with comparable risk. TDR loans with below-market rates are considered impaired until fully collected. TDR loans may also be reported as nonaccrual or 90 days past due if they are not performing per the restructured terms. Based upon its ongoing assessment of credit quality within the loan portfolio, the Company maintains a Watch List, which includes loans classified as Doubtful, Substandard and Watch according to the Company's classification criteria. These loans involve the anticipated potential for payment defaults or collateral inadequacies. A loan on the Watch List is considered impaired when management believes it is probable the Company will be unable to collect all contractual principal and interest payments due in accordance with the terms of the loan agreement. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan's effective interest rate or, as a practical expedient, at the loan's observable market price or the fair value of the collateral if the loan is collateral dependent. The amount of impairment, if any, and any subsequent changes are included in the allowance for loan losses. TDR loans totaled $687 and $220 as of September 30, 2018 and December 31, 2017 , respectively, and were included in the nonaccrual category. There was one loan modification considered to be TDR, with a pre- and post-modification recorded investment of $560 , that occurred during the nine months ended September 30, 2018 . There were no loan modifications considered to be TDR that occurred during the three months ended September 30, 2018 or during the three and nine months ended September 30, 2017 . One TDR loan that was modified within the twelve months preceding September 30, 2018 , with a recorded investment of $552 , has subsequently had a payment default. No TDR loans that were modified within the twelve months preceding September 30, 2017 have subsequently had a payment default. A TDR loan is considered to have a payment default when it is past due 30 days or more. The following table summarizes the recorded investment in impaired loans by segment, broken down by loans with no related allowance for loan losses and loans with a related allowance and the amount of that allowance as of September 30, 2018 and December 31, 2017 . September 30, 2018 December 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial $ 930 $ 930 $ — $ — $ — $ — Real estate: Construction, land and land development — — — — — — 1-4 family residential first mortgages 110 110 — 91 91 — Home equity — — — 172 172 — Commercial 687 687 — 220 220 — Consumer and other — — — — — — 1,727 1,727 — 483 483 — With an allowance recorded: Commercial — — — — — — Real estate: Construction, land and land development — — — — — — 1-4 family residential first mortgages — — — — — — Home equity 14 14 14 21 21 21 Commercial 105 105 105 118 118 118 Consumer and other — — — — — — 119 119 119 139 139 139 Total: Commercial 930 930 — — — — Real estate: Construction, land and land development — — — — — — 1-4 family residential first mortgages 110 110 — 91 91 — Home equity 14 14 14 193 193 21 Commercial 792 792 105 338 338 118 Consumer and other — — — — — — $ 1,846 $ 1,846 $ 119 $ 622 $ 622 $ 139 The balance of impaired loans at September 30, 2018 and December 31, 2017 was composed of six and five different borrowers, respectively. The Company has no commitments to advance additional funds on any of the impaired loans. The following table summarizes the average recorded investment and interest income recognized on impaired loans by segment for the three and nine months ended September 30, 2018 and 2017 . Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial $ 950 $ — $ — $ — $ 661 $ — $ 24 $ — Real estate: Construction, land and land development — — — — — — — — 1-4 family residential first mortgages 113 — 97 — 115 — 101 — Home equity 129 6 29 — 155 6 33 — Commercial 707 — 262 — 581 — 291 — Consumer and other — — — — — — — — 1,899 6 388 — 1,512 6 449 — With an allowance recorded: Commercial — — 62 — — — 78 — Real estate: Construction, land and land development — — — — — — — — 1-4 family residential first mortgages — — — — — — — — Home equity 15 — 157 — 17 — 223 — Commercial 107 — 125 — 112 — 130 — Consumer and other — — — — — — — — 122 — 344 — 129 — 431 — Total: Commercial 950 — 62 — 661 — 102 — Real estate: Construction, land and land development — — — — — — — — 1-4 family residential first mortgages 113 — 97 — 115 — 101 — Home equity 144 6 186 — 172 6 256 — Commercial 814 — 387 — 693 — 421 — Consumer and other — — — — — — — — $ 2,021 $ 6 $ 732 $ — $ 1,641 $ 6 $ 880 $ — The following tables provide an analysis of the payment status of the recorded investment in loans as of September 30, 2018 and December 31, 2017 . September 30, 2018 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Nonaccrual Loans Total Loans Commercial $ 75 $ — $ — $ 75 $ 315,462 $ 930 $ 316,467 Real estate: Construction, land and land development — — — — 204,891 — 204,891 1-4 family residential first mortgages 174 — — 174 49,127 110 49,411 Home equity 30 — — 30 14,059 14 14,103 Commercial — — — — 1,011,017 792 1,011,809 Consumer and other — — — — 6,293 — 6,293 Total $ 279 $ — $ — $ 279 $ 1,600,849 $ 1,846 $ 1,602,974 December 31, 2017 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Nonaccrual Loans Total Loans Commercial $ 40 $ 20 $ — $ 60 $ 347,422 $ — $ 347,482 Real estate: Construction, land and land development — — — — 207,451 — 207,451 1-4 family residential first mortgages — 75 — 75 50,878 91 51,044 Home equity — — — — 13,618 193 13,811 Commercial — — — — 885,776 338 886,114 Consumer and other — — — — 6,363 — 6,363 Total $ 40 $ 95 $ — $ 135 $ 1,511,508 $ 622 $ 1,512,265 The following tables present the recorded investment in loans by credit quality indicator and loan segment as of September 30, 2018 and December 31, 2017 . September 30, 2018 Pass Watch Substandard Doubtful Total Commercial $ 295,080 $ 19,379 $ 2,008 $ — $ 316,467 Real estate: Construction, land and land development 203,461 1,430 — — 204,891 1-4 family residential first mortgages 47,929 1,311 171 — 49,411 Home equity 13,911 78 114 — 14,103 Commercial 982,212 27,837 1,760 — 1,011,809 Consumer and other 6,265 — 28 — 6,293 Total $ 1,548,858 $ 50,035 $ 4,081 $ — $ 1,602,974 December 31, 2017 Pass Watch Substandard Doubtful Total Commercial $ 344,586 $ 901 $ 1,995 $ — $ 347,482 Real estate: Construction, land and land development 206,719 732 — — 207,451 1-4 family residential first mortgages 49,905 890 249 — 51,044 Home equity 13,466 54 291 — 13,811 Commercial 856,789 20,574 8,751 — 886,114 Consumer and other 6,327 36 — — 6,363 Total $ 1,477,792 $ 23,187 $ 11,286 $ — $ 1,512,265 All loans are subject to the assessment of a credit quality indicator. Risk ratings are assigned for each loan at the time of approval, and they change as circumstances dictate during the term of the loan. The Company utilizes a 9-point risk rating scale as shown below, with ratings 1 - 5 included in the Pass column, rating 6 included in the Watch column, ratings 7 - 8 included in the Substandard column and rating 9 included in the Doubtful column. All loans classified as impaired that are included in the specific evaluation of the allowance for loan losses are included in the Substandard column along with all other loans with ratings of 7 - 8. Risk rating 1: The loan is secured by cash equivalent collateral. Risk rating 2: The loan is secured by properly margined marketable securities, bonds or cash surrender value of life insurance. Risk rating 3: The borrower is in strong financial condition and has strong debt service capacity. The loan is performing as agreed, and the financial characteristics and trends of the borrower exceed industry statistics. Risk rating 4: The borrower's financial condition is satisfactory and stable. The borrower has satisfactory debt service capacity, and the loan is well secured. The loan is performing as agreed, and the financial characteristics and trends fall in line with industry statistics. Risk rating 5: The borrower's financial condition is less than satisfactory. The loan is still generally paying as agreed, but strained cash flows may cause some slowness in payments. The collateral values adequately preclude loss on the loan. Financial characteristics and trends lag industry statistics. There may be noncompliance with loan covenants. Risk rating 6: The borrower's financial condition is deficient. Payment delinquencies may be more common. Collateral values still protect from loss, but margins are narrow. The loan may be reliant on secondary sources of repayment, including liquidation of collateral and guarantor support. Risk rating 7: The loan is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Well-defined weaknesses exist that jeopardize the liquidation of the debt. The Company is inadequately protected by the valuation or paying capacity of the collateral pledged. If deficiencies are not corrected, there is a distinct possibility that a loss will be sustained. Risk rating 8: All the characteristics of rating 7 exist with the added condition that the loan is past due more than 90 days or there is reason to believe the Company will not receive its principal and interest according to the terms of the loan agreement. Risk rating 9: All the weaknesses inherent in risk ratings 7 and 8 exist with the added condition that collection or liquidation, on the basis of currently known facts, conditions and values, is highly questionable and improbable. A loan reaching this category would most likely be charged off. Credit quality indicators for all loans and the Company's risk rating process are dynamic and updated on a continuous basis. Risk ratings are updated as circumstances that could affect the repayment of an individual loan are brought to management's attention through an established monitoring process. Individual lenders initiate changes as appropriate for ratings 1 through 5, and changes for ratings 6 through 9 are initiated via communications with management. The likelihood of loss increases as the risk rating increases and is generally preceded by a loan appearing on the Watch List, which consists of all loans with a risk rating of 6 or worse. Written action plans with firm target dates for resolution of identified problems are maintained and reviewed on a quarterly basis for all segments of loans included on the Watch List. In addition to the Company's internal credit monitoring practices and procedures, an outsourced independent credit review function is in place to further assess assigned internal risk classifications and monitor compliance with internal lending policies and procedures. In all portfolio segments, the primary risks are that a borrower's income stream diminishes to the point that the borrower is not able to make scheduled principal and interest payments and any collateral securing the loan declines in value. The risk of declining collateral values is present for most types of loans. Commercial loans consist primarily of loans to businesses for various purposes, including revolving lines to finance current operations, inventory and accounts receivable, and capital expenditure loans to finance equipment and other fixed assets. These loans generally have short maturities, have either adjustable or fixed interest rates, and are either unsecured or secured by inventory, accounts receivable and/or fixed assets. For commercial loans, the primary source of repayment is from the operation of the business. Real estate loans include various types of loans for which the Company holds real property as collateral, and consist of loans on commercial properties and single and multifamily residences. Real estate loans are typically structured to mature or reprice every five to ten years with payments based on amortization periods up to 30 years. The majority of construction loans are to contractors and developers for construction of commercial buildings or residential real estate. These loans typically have maturities of up to 24 months. The Company's loan policy includes minimum appraisal and other credit guidelines. Consumer loans include loans extended to individuals for household, family and other personal expenditures not secured by real estate. The majority of the Company's consumer lending is for vehicles, consolidation of personal debts and household improvements. The repayment source for consumer loans, including 1-4 family residential and home equity loans, is typically wages. The allowance for loan losses is established through a provision for loan losses charged to expense. The allowance is an amount that management believes will be adequate to absorb probable losses on existing loans based on an evaluation of the collectability of loans and prior loss experience. This evaluation also takes into consideration such factors as changes in the nature and volume of the loan portfolio, overall portfolio quality, the review of specific problem loans, and the current economic conditions that may affect the borrower's ability to pay. Loans are charged-off against the allowance for loan losses when management believes that collectability of the principal is unlikely. While management uses the best information available to make its evaluations, future adjustments to the allowance may be necessary if there are significant changes in economic conditions or the other factors relied upon. The allowance for loan losses consists of specific and general components. The specific component relates to loans that meet the definition of impaired. The general component covers the remaining loans and is based on historical loss experience adjusted for qualitative factors such as delinquency trends, loan growth, economic elements and local market conditions. These same policies are applied to all segments of loans. In addition, regulatory agencies, as an integral part of their examination processes, periodically review the Company's allowance for loan losses, and may require the Company to make additions to the allowance based on their judgment about information available to them at the time of their examinations. The following tables detail the changes in the allowance for loan losses by segment for the three and nine months ended September 30, 2018 and 2017 . Three Months Ended September 30, 2018 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Beginning balance $ 3,673 $ 1,911 $ 304 $ 182 $ 10,369 $ 79 $ 16,518 Charge-offs — — — — — — — Recoveries 539 — 7 6 2 1 555 Provision (1) (907 ) 185 (23 ) — 346 (1 ) (400 ) Ending balance $ 3,305 $ 2,096 $ 288 $ 188 $ 10,717 $ 79 $ 16,673 Three Months Ended September 30, 2017 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Beginning balance $ 3,802 $ 2,552 $ 350 $ 372 $ 9,307 $ 103 $ 16,486 Charge-offs (3 ) — — (176 ) — — (179 ) Recoveries 34 — 8 5 3 1 51 Provision (1) (165 ) 170 (24 ) 16 1 2 — Ending balance $ 3,668 $ 2,722 $ 334 $ 217 $ 9,311 $ 106 $ 16,358 Nine Months Ended September 30, 2018 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Beginning balance $ 3,866 $ 2,213 $ 319 $ 186 $ 9,770 $ 76 $ 16,430 Charge-offs (208 ) — — (1 ) — — (209 ) Recoveries 649 — 14 17 9 13 702 Provision (1) (1,002 ) (117 ) (45 ) (14 ) 938 (10 ) (250 ) Ending balance $ 3,305 $ 2,096 $ 288 $ 188 $ 10,717 $ 79 $ 16,673 Nine Months Ended September 30, 2017 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Beginning balance $ 3,881 $ 2,639 $ 317 $ 478 $ 8,697 $ 100 $ 16,112 Charge-offs (196 ) — — (176 ) — — (372 ) Recoveries 174 398 10 20 9 7 618 Provision (1) (191 ) (315 ) 7 (105 ) 605 (1 ) — Ending balance $ 3,668 $ 2,722 $ 334 $ 217 $ 9,311 $ 106 $ 16,358 (1) The negative provisions for the various segments are related to the decline in outstanding balances in each of those portfolio segments during the time periods disclosed and/or improvement in the credit quality factors related to those portfolio segments. The following tables present a breakdown of the allowance for loan losses disaggregated on the basis of impairment analysis method by segment as of September 30, 2018 and December 31, 2017 . September 30, 2018 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Ending balance: Individually evaluated for impairment $ — $ — $ — $ 14 $ 105 $ — $ 119 Collectively evaluated for impairment 3,305 2,096 288 174 10,612 79 16,554 Total $ 3,305 $ 2,096 $ 288 $ 188 $ 10,717 $ 79 $ 16,673 December 31, 2017 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Ending balance: Individually evaluated for impairment $ — $ — $ — $ 21 $ 118 $ — $ 139 Collectively evaluated for impairment 3,866 2,213 319 165 9,652 76 16,291 Total $ 3,866 $ 2,213 $ 319 $ 186 $ 9,770 $ 76 $ 16,430 The following tables present the recorded investment in loans, exclusive of unamortized fees and costs, disaggregated on the basis of impairment analysis method by segment as of September 30, 2018 and December 31, 2017 . September 30, 2018 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Ending balance: Individually evaluated for impairment $ 930 $ — $ 110 $ 14 $ 792 $ — $ 1,846 Collectively evaluated for impairment 315,537 204,891 49,301 14,089 1,011,017 6,293 1,601,128 Total $ 316,467 $ 204,891 $ 49,411 $ 14,103 $ 1,011,809 $ 6,293 $ 1,602,974 December 31, 2017 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Ending balance: Individually evaluated for impairment $ — $ — $ 91 $ 193 $ 338 $ — $ 622 Collectively evaluated for impairment 347,482 207,451 50,953 13,618 885,776 6,363 1,511,643 Total $ 347,482 $ 207,451 $ 51,044 $ 13,811 $ 886,114 $ 6,363 $ 1,512,265 |
Derivatives (Notes)
Derivatives (Notes) | 9 Months Ended |
Sep. 30, 2018 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative [Text Block] | Derivatives The Company uses interest rate swap agreements to manage the interest rate risk related to the variability in interest payments due to changes in interest rates. The Company entered into two forward-starting interest rate swap transactions to effectively convert variable rate debt instruments to fixed rate instruments. These two swap transactions are designated as cash flow hedges of the changes in LIBOR, the benchmark interest rate being hedged, associated with the interest payments on $50,000 of debt instruments. In January 2018, the Company entered into an interest rate swap agreement that effectively converts certain customer deposits with variable rates based on the federal funds upper target rate to fixed rate instruments. This swap transaction has a notional amount of $60,000 with a forward-starting date in December 2018 and is designated as a cash flow hedge of the risk of changes in total cash flows paid on certain customer deposits. The Company is exposed to credit risk in the event of nonperformance by counterparties to the interest rate swaps, which is minimized by collateral-pledging provisions in the agreements. Derivative contracts are executed with a Credit Support Annex, which is a bilateral ratings-sensitive agreement that requires collateral postings at established credit threshold levels. These agreements protect the interests of the Company and its counterparties should either party suffer a credit rating deterioration. As of September 30, 2018 and December 31, 2017 , the Company pledged $0 and $210 , respectively, of collateral to the counterparty in the form of cash on deposit with a third party. The Company's counterparty was required to pledge $4,440 and $980 at September 30, 2018 and December 31, 2017 , respectively. The Company estimates there will be approximately $43 of cash receipts and reclassification from accumulated other comprehensive income to interest expense through the 12 months ending September 30, 2019. Interest rate swaps with a total notional amount of $70,000 were terminated in 2015, subject to termination fees totaling $541 . The termination fees are being reclassified from accumulated other comprehensive income to interest expense over the remaining life of the underlying cash flows through June 2020. Approximately $ 95 of termination fees will be reclassified to interest expense through the 12 months ended September 30, 2019 . The table below identifies the balance sheet category and fair values of the Company's derivative instruments designated as cash flow hedges as of September 30, 2018 and December 31, 2017 . Notional Amount Fair Value Balance Sheet Category Weighted Average Receive Rate Weighted Average Pay Rate Maturity September 30, 2018 Interest rate swap $ 30,000 $ 414 Other Assets 2.66 % 2.52 % 9/21/2020 Interest rate swap (1) 20,000 1,851 Other Assets 5.45 % 4.81 % 9/30/2026 Interest rate swap (2) 60,000 2,082 Other Assets — 2.31 % 12/31/2025 December 31, 2017 Interest rate swap $ 30,000 $ (86 ) Other Liabilities 1.95 % 2.52 % 9/21/2020 Interest rate swap (1) 20,000 895 Other Assets — 4.81 % 9/30/2026 (1) This swap is a forward-starting swap with a weighted average pay rate of 4.81 percent beginning September 30, 2018. No interest payments are required related to this swap until December 30, 2018. (2) This swap is a forward-starting swap with a weighted average pay rate of 2.31 percent beginning December 31, 2018. No interest payments are required related to this swap until January 31, 2019. The following table identifies the pre-tax gains or losses recognized on the Company's derivative instruments designated as cash flow hedges for the nine months ended September 30, 2018 and 2017 . Reclassified from AOCI into Income Amount of Pre-tax Gain (Loss) Recognized in OCI Amount of Loss Nine Months Ended September 30, Nine Months Ended September 30, 2018 2017 Category 2018 2017 Interest rate swaps $ 3,512 (376 ) Interest Expense $ (96 ) (321 ) |
Deferred Income Taxes (Notes)
Deferred Income Taxes (Notes) | 9 Months Ended |
Sep. 30, 2018 | |
Components of Deferred Tax Assets and Liabilities [Abstract] | |
Deferred Income Taxes [Text Block] | Income Taxes On December 22, 2017, the Tax Act was signed into law. The Tax Act reduced the federal corporate income tax rate from the previous maximum rate of 35 percent to 21 percent. The lower federal corporate income tax rate became effective for the Company on January 1, 2018. The enactment of the legislation and the reduction in the federal income tax rate resulted in a revaluation of deferred tax assets and liabilities in December 2017. Net deferred tax assets consisted of the following as of September 30, 2018 and December 31, 2017 . September 30, 2018 December 31, 2017 Deferred tax assets: Allowance for loan losses $ 4,168 $ 4,108 Net unrealized losses on securities available for sale 3,890 902 Intangibles — 101 Accrued expenses 305 176 Restricted stock compensation 519 544 State net operating loss carryforward 1,496 1,379 Other 72 86 10,450 7,296 Deferred tax liabilities: Net deferred loan fees and costs 182 193 Net unrealized gains on interest rate swaps 1,044 139 Premises and equipment 690 792 Other 137 148 2,053 1,272 Net deferred tax assets before valuation allowance 8,397 6,024 Valuation allowance (1,496 ) (1,379 ) Net deferred tax assets $ 6,901 $ 4,645 The Company has recorded a valuation allowance against the tax effect of state net operating loss carryforwards, as management believes it is more likely than not that these carryforwards will expire without being utilized. The state net operating loss carryforwards expire in 2019 and thereafter. |
Comprehensive Income (Notes)
Comprehensive Income (Notes) | 9 Months Ended |
Sep. 30, 2018 | |
Equity [Abstract] | |
Comprehensive Income [Text Block] | . Accumulated Other Comprehensive Income (Loss) The following table summarizes the changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, for the nine months ended September 30, 2018 and 2017 . Unrealized Unrealized Accumulated Gains Gains Other (Losses) on (Losses) on Comprehensive Securities Derivatives Income (Loss) Balance, December 31, 2017 $ (2,237 ) $ 345 $ (1,892 ) Transfer of securities held to maturity to securities available for sale 273 — 273 Other comprehensive income (loss) before reclassifications (9,281 ) 2,634 (6,647 ) Amounts reclassified from accumulated other comprehensive income 53 69 122 Net current period other comprehensive income (loss) (8,955 ) 2,703 (6,252 ) Reclassification of stranded tax effects (475 ) 105 (370 ) Balance, September 30, 2018 $ (11,667 ) $ 3,153 $ (8,514 ) Balance, December 31, 2016 $ (1,172 ) $ 130 $ (1,042 ) Other comprehensive income (loss) before reclassifications 1,556 (233 ) 1,323 Amounts reclassified from accumulated other comprehensive income (408 ) 199 (209 ) Net current period other comprehensive income (loss) 1,148 (34 ) 1,114 Balance, September 30, 2017 $ (24 ) $ 96 $ 72 |
Commitments and Contingencies (
Commitments and Contingencies (Notes) | 9 Months Ended |
Sep. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies [Text Block] | Commitments and Contingencies Financial instruments with off-balance-sheet risk : The Company is 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. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. The Company's exposure to credit 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 amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations that it uses for on-balance-sheet instruments. The Company's commitments consisted of the following approximate amounts as of September 30, 2018 and December 31, 2017 . September 30, 2018 December 31, 2017 Commitments to extend credit $ 591,283 $ 617,949 Standby letters of credit 6,035 5,996 $ 597,318 $ 623,945 West Bank previously executed Mortgage Partnership Finance (MPF) Master Commitments (Commitments) with the FHLB of Des Moines to deliver residential mortgage loans and to guarantee the payment of any realized losses that exceed the FHLB's first loss account for mortgages delivered under the Commitments. West Bank receives credit enhancement fees from the FHLB for providing this guarantee and continuing to assist with managing the credit risk of the MPF Program residential mortgage loans. At September 30, 2018 , the liability represented by the present value of the credit enhancement fees less any expected losses in the mortgages delivered under the Commitments was approximately $16 . The outstanding balance of mortgage loans sold under the MPF Program was $82,139 and $94,292 at September 30, 2018 and December 31, 2017 , respectively. Contractual commitments : The Company had remaining commitments to invest in qualified affordable housing projects totaling $4,672 and $6,130 as of September 30, 2018 and December 31, 2017 , respectively. The Company also has a commitment to invest $5,149 in a federal new market tax credit project as of September 30, 2018. Contingencies : Neither the Company nor West Bank is a party, and no property of these entities is subject, to any material pending legal proceedings, other than ordinary routine litigation incidental to West Bank's business. The Company does not know of any proceeding contemplated by a governmental authority against the Company or West Bank. |
Fair Value Measurements (Notes)
Fair Value Measurements (Notes) | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures [Text Block] | Fair Value Measurements Accounting guidance on fair value measurements and disclosures defines fair value and establishes a framework for measuring the fair value of assets and liabilities using a hierarchy system. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the market in which the reporting entity transacts business. The Company's balance sheet contains investment securities available for sale and derivative instruments that are recorded at fair value on a recurring basis. The three-level valuation hierarchy for disclosure of fair value is as follows: Level 1 uses quoted market prices in active markets for identical assets or liabilities. Level 2 uses observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3 uses unobservable inputs that are not corroborated by market data. The Company's policy is to recognize transfers between Levels at the end of each reporting period, if applicable. There were no transfers between Levels of the fair value hierarchy during the nine months ended September 30, 2018 . The following is a description of valuation methodologies used for financial assets and liabilities recorded at fair value on a recurring basis. Investment securities available for sale: When available, quoted market prices are used to determine the fair value of investment securities (Level 1). If quoted market prices are not available, the Company determines fair value based on various sources and may apply matrix pricing with observable prices for similar bonds where a price for the identical bond is not observable (Level 2). The fair values of these securities are determined by pricing models that consider observable market data such as interest rate volatilities, LIBOR yield curve, credit spreads, prices from market makers and live trading systems. For the corporate bond portfolio, the Company has elected to use a matrix pricing model as a practical expedient to individually quoted market prices. Generally, management obtains the fair value of investment securities at the end of each reporting period via a third-party pricing service. Management reviewed the valuation process used by the third party and believed the process was valid. On a quarterly basis, management corroborates the fair values of a randomly selected sample of investment securities by obtaining pricing from an independent investment portfolio management firm and comparing the two sets of fair values. Any significant variances are reviewed and investigated. For a sample of securities, prices are further validated by management, with assistance from an independent investment portfolio management firm, by obtaining details of the inputs used by the pricing service. Those inputs were independently tested, and management concluded the fair values were consistent with GAAP requirements and the investment securities were properly classified in the fair value hierarchy. Derivative instruments: The Company's derivative instruments consist of interest rate swaps, which are accounted for as cash flow hedges. The Company's derivative positions are classified within Level 2 of the fair value hierarchy and are valued using models generally accepted in the financial services industry and that use actively quoted or observable market input values from external market data providers and/or non-binding broker-dealer quotations. The fair value of the derivatives is determined using discounted cash flow models. These models’ key assumptions include the contractual terms of the respective contract along with significant observable inputs, including interest rates, yield curves, nonperformance risk and volatility. The following tables present the balances of financial assets and liabilities measured at fair value on a recurring basis by level as of September 30, 2018 and December 31, 2017 . September 30, 2018 Total Level 1 Level 2 Level 3 Financial assets: Investment securities available for sale: State and political subdivisions $ 155,774 $ — $ 155,774 $ — Collateralized mortgage obligations 162,645 — 162,645 — Mortgage-backed securities 60,488 — 60,488 — Asset-backed securities 38,771 — 38,771 — Trust preferred security 2,000 — 2,000 — Corporate notes 50,653 — 50,653 — Derivative instruments, interest rate swaps 4,347 — 4,347 — December 31, 2017 Total Level 1 Level 2 Level 3 Financial assets: Investment securities available for sale: State and political subdivisions $ 146,313 $ — $ 146,313 $ — Collateralized mortgage obligations 159,932 — 159,932 — Mortgage-backed securities 60,429 — 60,429 — Asset-backed securities 45,195 — 45,195 — Trust preferred security 2,006 — 2,006 — Corporate notes 30,344 — 30,344 — Derivative instrument, interest rate swap 895 — 895 — Financial liabilities: Derivative instrument, interest rate swap $ 86 $ — $ 86 $ — Certain assets are measured at fair value on a nonrecurring basis. That is, they are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). As of both September 30, 2018 and December 31, 2017 , impaired loans for which a fair value adjustment was recorded were recorded at a net value of $0 . Impaired loans are evaluated and valued at the lower of cost or fair value when the loan is identified as impaired. Fair value is measured based on the value of the collateral securing these loans. The types of collateral vary widely and could include accounts receivables, inventory, a variety of equipment and real estate. Evaluations of the underlying assets are completed for each impaired loan with a specific reserve. Collateral evaluations are reviewed and discounted as appropriate based on knowledge of the specific type of collateral. In the case of real estate, an independent appraisal may be obtained. Types of discounts considered include aging of receivables, condition of the collateral, potential market for the collateral and estimated disposal costs. These discounts will vary from loan to loan and may be discounted based on management's opinions concerning market developments or the client's business. GAAP requires disclosure of the fair value of financial assets and financial liabilities, including those that are not measured and reported at fair value on a recurring or nonrecurring basis. The following table presents the carrying amounts and approximate fair values of financial assets and liabilities as of September 30, 2018 and December 31, 2017 . September 30, 2018 December 31, 2017 Fair Value Hierarchy Level Carrying Amount Approximate Fair Value Carrying Amount Approximate Fair Value Financial assets: Cash and due from banks Level 1 $ 26,406 $ 26,406 $ 34,952 $ 34,952 Federal funds sold Level 1 876 876 12,997 12,997 Investment securities available for sale See previous table 470,331 470,331 444,219 444,219 Investment securities held to maturity Level 2 — — 45,527 45,890 Federal Home Loan Bank stock Level 1 10,061 10,061 9,174 9,174 Loans, net Level 2 1,584,144 1,553,283 1,494,070 1,490,166 Accrued interest receivable Level 1 7,782 7,782 7,344 7,344 Interest rate swaps Level 2 4,347 4,347 895 895 Financial liabilities: Deposits Level 2 $ 1,839,292 $ 1,838,548 $ 1,810,813 $ 1,810,924 Federal funds purchased Level 1 26,245 26,245 545 545 Subordinated notes, net Level 2 20,422 16,277 20,412 15,357 Federal Home Loan Bank advances, net Level 2 77,501 77,501 76,382 76,382 Long-term debt Level 2 17,582 17,537 22,917 22,860 Accrued interest payable Level 1 1,050 1,050 736 736 Interest rate swap Level 2 — — 86 86 Off-balance-sheet financial instruments: Commitments to extend credit Level 3 — — — — Standby letters of credit Level 3 — — — — |
Basis of Presentation (Policies
Basis of Presentation (Policies) | 9 Months Ended |
Sep. 30, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | The accompanying unaudited consolidated financial statements have been prepared by West Bancorporation, Inc. (the Company) pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in financial statements have been condensed or omitted pursuant to such rules and regulations. Although management believes that the disclosures are adequate to make the information presented understandable, it is suggested that these interim consolidated financial statements be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2017 . In the opinion of management, the accompanying consolidated financial statements of the Company contain all adjustments necessary to fairly present its financial position as of September 30, 2018 and December 31, 2017 , net income, comprehensive income and changes in stockholders' equity for the three and nine months ended September 30, 2018 and 2017 , and cash flows for the nine months ended September 30, 2018 and 2017 . The results for these interim periods may not be indicative of results for the entire year or for any other period. The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (GAAP) established by the Financial Accounting Standards Board (FASB). References to GAAP issued by the FASB in these footnotes are to the FASB Accounting Standards Codificationâ„¢ , sometimes referred to as the Codification or ASC. |
Use of Estimates, Policy [Policy Text Block] | In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses for the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term are the fair value of financial instruments and the allowance for loan losses |
Consolidation, Policy [Policy Text Block] | The accompanying unaudited consolidated financial statements include the accounts of the Company, West Bank and West Bank's wholly-owned subsidiary WB Funding Corporation (which was liquidated in March 2018). All significant intercompany transactions and balances have been eliminated in consolidation. In accordance with GAAP, West Bancorporation Capital Trust I is recorded on the books of the Company using the equity method of accounting and is not consolidated. |
New Accounting Pronouncements, Policy [Policy Text Block] | Current accounting developments : In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The guidance in this update supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance throughout the industry topics of the Codification. The core principle is that a company should recognize revenue to depict the transfer of promised goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. For public companies, this update was effective for interim and annual periods beginning after December 15, 2017. The Company adopted the guidance effective January 1, 2018, using the modified retrospective method. The implementation of the new standard did not result in a change to the accounting for any in-scope revenue streams; as such, no cumulative effect adjustment to opening retained earnings was recorded. The Company's revenue is primarily composed of interest income on financial instruments, including investment securities and loans, which are excluded from the scope of Topic 606. Also excluded from the scope of Topic 606 is revenue from bank-owned life insurance, loan fees and letter of credit fees. Approximately 90 percent of the Company's revenue is outside the scope of this update. Topic 606 is applicable to deposit account related fees, including general service fees charged for deposit account maintenance and activity and transaction-based fees charged for certain services, such as debit card, wire transfer or overdraft activities. Revenue is recognized when the performance obligation is completed, which is generally after a transaction is completed or monthly for account maintenance services. Topic 606 is also applicable to trust services, which include periodic fees earned from trusts and investment management agency accounts, estate administration, custody accounts, individual retirement accounts, and other related services. Fees are charged based on standard agreements or by statute and are recognized over the period of time the Company provides the contracted services. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The update enhances the reporting model for financial instruments to provide users of financial statements with more decision-useful information by updating certain aspects of recognition, measurement, presentation and disclosure of financial instruments. Among other changes, the update requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, and clarifies that entities should evaluate the need for a valuation allowance on a deferred tax asset related to available for sale securities in combination with the entities' other deferred tax assets. For public companies, this update was effective for interim and annual periods beginning after December 15, 2017. The Company adopted the guidance effective January 1, 2018, using the modified retrospective method. Upon adoption, the fair value of the Company's loan portfolio is now presented using an exit price method. Also, the Company is no longer required to disclose the methodologies used for estimating fair value of financial assets and liabilities that are not measured at fair value on a recurring or nonrecurring basis. The remaining requirements of this update did not have a material impact on the Company's consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The guidance in the update supersedes the requirements in ASC Topic 840, Leases. The guidance is intended to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet for leases with terms of more than 12 months. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2018. The Company currently leases its main location and space for six other branch offices and operational departments under operating leases that will result in recognition of lease assets and lease liabilities on the consolidated balance sheets under the update. The amount of assets and liabilities added to the balance sheet are estimated to be approximately $10,000, which will not have a material impact on the Company's consolidated financial statements. In July 2018, the FASB issued ASU No. 2018-11, Targeted Improvements, which amends ASC 842, Leases. This update provides for an adoption option that will not require earlier periods to be restated at the adoption date. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326). The amendments in this update require a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net carrying value at the amount expected to be collected on the financial assets. Under the updates, the income statement will reflect the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount of financial assets. An entity must use judgment in determining the relevant information and estimation methods that are appropriate in its circumstances. The allowance for credit losses for purchased financial assets with a more-than-insignificant amount of credit deterioration since origination that are measured at amortized cost basis will be determined in a similar manner to other financial assets measured at amortized cost basis; however, the initial allowance for credit losses will be added to the purchase price rather than being reported as a credit loss expense. Only subsequent changes in the allowance for credit losses will be recorded as a credit loss expense for these assets. Off-balance-sheet arrangements such as commitments to extend credit, guarantees and standby letters of credit that are not considered derivatives under ASC 815 and are not unconditionally cancellable are also within the scope of this update. Credit losses relating to available for sale debt securities should be recorded through an allowance for credit losses. For public companies, the update is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years. All entities may adopt the amendments in this update earlier as of fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. An entity will apply the amendments in this update on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. The Company does not plan to early adopt this standard, but is currently planning for the implementation. It is too early to assess the impact that this guidance will have on the Company's consolidated financial statements. In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . The amendments in this update make targeted changes to the existing hedge accounting model to better align the accounting rules with a company’s risk management activities, and to simplify the application of the hedge accounting model. The update expands the types of transactions eligible for hedge accounting, eliminates the requirement to separately measure and present hedge ineffectiveness, and simplifies the way assessments of hedge ineffectiveness may be performed. The update also permits a one-time reclassification of prepayable debt securities from held to maturity classification to available for sale. For public companies, the update is effective for annual periods beginning after December 15, 2018, with early adoption permitted, including in an interim period. The amendments' presentation and disclosure guidance is required on a prospective basis. The Company adopted the guidance effective January 1, 2018. The requirements of this update related to the Company's hedging activities did not have any impact on the Company's consolidated financial statements. Upon adoption, the Company elected to transfer all its held to maturity securities portfolio to available for sale. The transferred securities had an amortized cost basis of $45,527 and a fair value of $45,890 . Upon transfer, the Company recorded an adjustment of $273 to accumulated other comprehensive income (loss), net of deferred income taxes, for the unrealized gains and losses related to the transferred securities. In February 2018, the FASB issued ASU No. 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The amendment in this update allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the December 22, 2017, enactment of Public Law 115-97, commonly known as the Tax Cut and Jobs Act (Tax Act), which reduced the federal corporate income tax rate and became effective in 2018. For public companies, the update is effective for annual periods beginning after December 15, 2018, with early adoption permitted. The amendment can be adopted at the beginning of the period or on a retrospective basis. The Company adopted the amendment effective January 1, 2018, using the beginning of period method. The reclassified amount was $370 . In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement. The amendments in this update modify the disclosure requirements for fair value measurements by removing, modifying, or adding certain disclosures. The update is effective for interim and annual periods in fiscal years beginning after December 15, 2019, with early adoption permitted for the removed disclosures and delayed adoption until fiscal year 2020 permitted for the new disclosures. The removed and modified disclosures will be adopted on a retrospective basis, and the new disclosures will be adopted on a prospective basis. The adoption will not have a material effect on the Company’s consolidated financial statements. |
Earnings Per Share, Policy [Policy Text Block] | Basic earnings per common share are computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per common share reflect the potential dilution that could occur if the Company's outstanding restricted stock units were vested. The dilutive effect was computed using the treasury stock method, which assumes all stock-based awards were exercised and the hypothetical proceeds from exercise were used by the Company to purchase common stock at the average market price during the period. The incremental shares, to the extent they would have been dilutive, were included in the denominator of the diluted earnings per common share calculation. |
Loans and Leases Receivable, Origination Fees, Discounts or Premiums, and Direct Costs to Acquire Loans Policy [Policy Text Block] | Loans are stated at the principal amounts outstanding, net of unamortized loan fees and costs, with interest income recognized on the interest method based upon the terms of the loan. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. Loans are reported by the portfolio segments identified above and are analyzed by management on this basis. |
Loans and Leases Receivable, Nonaccrual Loan and Lease Status, Policy [Policy Text Block] | Delinquencies are determined based on the payment terms of the individual loan agreements. The accrual of interest on past due and other impaired loans is generally discontinued at 90 days past due or when, in the opinion of management, the borrower may be unable to make all payments pursuant to contractual terms. Unless considered collectible, all interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income, if accrued in the current year, or charged to the allowance for loan losses, if accrued in the prior year. Generally, all payments received while a loan is on nonaccrual status are applied to the principal balance of the loan. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured. |
Loans and Leases Receivable, Troubled Debt Restructuring Policy [Policy Text Block] | A loan is classified as a troubled debt restructured (TDR) loan when the Company separately concludes that a borrower is experiencing financial difficulties and a concession is granted that would not otherwise be considered. Concessions may include a restructuring of the loan terms to alleviate the burden of the borrower's cash requirements, such as an extension of the payment terms beyond the original maturity date or a change in the interest rate charged. TDR loans with extended payment terms are accounted for as impaired until performance is established. A change to the interest rate would change the classification of a loan to a TDR loan if the restructured loan yields a rate that is below a market rate for that of a new loan with comparable risk. TDR loans with below-market rates are considered impaired until fully collected. TDR loans may also be reported as nonaccrual or 90 days past due if they are not performing per the restructured terms. |
Impaired Financing Receivable, Policy [Policy Text Block] | Based upon its ongoing assessment of credit quality within the loan portfolio, the Company maintains a Watch List, which includes loans classified as Doubtful, Substandard and Watch according to the Company's classification criteria. These loans involve the anticipated potential for payment defaults or collateral inadequacies. A loan on the Watch List is considered impaired when management believes it is probable the Company will be unable to collect all contractual principal and interest payments due in accordance with the terms of the loan agreement. Impaired loans are measured based on the present value of expected future cash flows discounted at the loan's effective interest rate or, as a practical expedient, at the loan's observable market price or the fair value of the collateral if the loan is collateral dependent. The amount of impairment, if any, and any subsequent changes are included in the allowance for loan losses. |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | The allowance for loan losses is established through a provision for loan losses charged to expense. The allowance is an amount that management believes will be adequate to absorb probable losses on existing loans based on an evaluation of the collectability of loans and prior loss experience. This evaluation also takes into consideration such factors as changes in the nature and volume of the loan portfolio, overall portfolio quality, the review of specific problem loans, and the current economic conditions that may affect the borrower's ability to pay. Loans are charged-off against the allowance for loan losses when management believes that collectability of the principal is unlikely. While management uses the best information available to make its evaluations, future adjustments to the allowance may be necessary if there are significant changes in economic conditions or the other factors relied upon. The allowance for loan losses consists of specific and general components. The specific component relates to loans that meet the definition of impaired. The general component covers the remaining loans and is based on historical loss experience adjusted for qualitative factors such as delinquency trends, loan growth, economic elements and local market conditions. These same policies are applied to all segments of loans. In addition, regulatory agencies, as an integral part of their examination processes, periodically review the Company's allowance for loan losses, and may require the Company to make additions to the allowance based on their judgment about information available to them at the time of their examinations. |
Fair Value Measurement, Policy [Policy Text Block] | Accounting guidance on fair value measurements and disclosures defines fair value and establishes a framework for measuring the fair value of assets and liabilities using a hierarchy system. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the market in which the reporting entity transacts business. The Company's balance sheet contains investment securities available for sale and derivative instruments that are recorded at fair value on a recurring basis. The three-level valuation hierarchy for disclosure of fair value is as follows: Level 1 uses quoted market prices in active markets for identical assets or liabilities. Level 2 uses observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3 uses unobservable inputs that are not corroborated by market data. The Company's policy is to recognize transfers between Levels at the end of each reporting period, if applicable. There were no transfers between Levels of the fair value hierarchy during the nine months ended September 30, 2018 . The following is a description of valuation methodologies used for financial assets and liabilities recorded at fair value on a recurring basis. Investment securities available for sale: When available, quoted market prices are used to determine the fair value of investment securities (Level 1). If quoted market prices are not available, the Company determines fair value based on various sources and may apply matrix pricing with observable prices for similar bonds where a price for the identical bond is not observable (Level 2). The fair values of these securities are determined by pricing models that consider observable market data such as interest rate volatilities, LIBOR yield curve, credit spreads, prices from market makers and live trading systems. For the corporate bond portfolio, the Company has elected to use a matrix pricing model as a practical expedient to individually quoted market prices. Generally, management obtains the fair value of investment securities at the end of each reporting period via a third-party pricing service. Management reviewed the valuation process used by the third party and believed the process was valid. On a quarterly basis, management corroborates the fair values of a randomly selected sample of investment securities by obtaining pricing from an independent investment portfolio management firm and comparing the two sets of fair values. Any significant variances are reviewed and investigated. For a sample of securities, prices are further validated by management, with assistance from an independent investment portfolio management firm, by obtaining details of the inputs used by the pricing service. Those inputs were independently tested, and management concluded the fair values were consistent with GAAP requirements and the investment securities were properly classified in the fair value hierarchy. Derivative instruments: The Company's derivative instruments consist of interest rate swaps, which are accounted for as cash flow hedges. The Company's derivative positions are classified within Level 2 of the fair value hierarchy and are valued using models generally accepted in the financial services industry and that use actively quoted or observable market input values from external market data providers and/or non-binding broker-dealer quotations. The fair value of the derivatives is determined using discounted cash flow models. These models’ key assumptions include the contractual terms of the respective contract along with significant observable inputs, including interest rates, yield curves, nonperformance risk and volatility. |
Fair Value Transfer, Policy [Policy Text Block] | The Company's policy is to recognize transfers between Levels at the end of each reporting period, if applicable. |
Fair Value of Financial Instruments, Policy [Policy Text Block] | GAAP requires disclosure of the fair value of financial assets and financial liabilities, including those that are not measured and reported at fair value on a recurring or nonrecurring basis. |
Off-Balance-Sheet Credit Exposure, Policy [Policy Text Block] | The Company is 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. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. The Company's exposure to credit 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 amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations that it uses for on-balance-sheet instruments. |
Earnings Per Common Share (Tabl
Earnings Per Common Share (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | The calculations of earnings per common share and diluted earnings per common share for the three and nine months ended September 30, 2018 and 2017 are presented in the following table. Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share data) 2018 2017 2018 2017 Net income $ 7,133 $ 6,405 $ 21,281 $ 18,876 Weighted average common shares outstanding 16,295 16,213 16,268 16,186 Weighted average effect of restricted stock units outstanding 106 118 132 127 Diluted weighted average common shares outstanding 16,401 16,331 16,400 16,313 Basic earnings per common share $ 0.44 $ 0.40 $ 1.31 $ 1.17 Diluted earnings per common share $ 0.43 $ 0.39 $ 1.30 $ 1.16 Number of anti-dilutive common stock equivalents excluded from diluted earnings per share computation 137 24 92 14 |
Investment Securities (Tables)
Investment Securities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Investments, Debt and Equity Securities [Abstract] | |
Unrealized Gain (Loss) on Investments [Table Text Block] | The following tables show the amortized cost, gross unrealized gains and losses, and fair value of investment securities, by investment security type as of September 30, 2018 and December 31, 2017 . September 30, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available for sale: State and political subdivisions $ 161,888 $ 40 $ (6,154 ) $ 155,774 Collateralized mortgage obligations (1) 168,296 — (5,651 ) 162,645 Mortgage-backed securities (1) 62,225 — (1,737 ) 60,488 Asset-backed securities (2) 39,465 — (694 ) 38,771 Trust preferred security 2,148 — (148 ) 2,000 Corporate notes 51,866 21 (1,234 ) 50,653 $ 485,888 $ 61 $ (15,618 ) $ 470,331 December 31, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available for sale: State and political subdivisions $ 146,331 $ 928 $ (946 ) $ 146,313 Collateralized mortgage obligations (1) 162,631 28 (2,727 ) 159,932 Mortgage-backed securities (1) 60,956 20 (547 ) 60,429 Asset-backed securities (2) 45,539 8 (352 ) 45,195 Trust preferred security 2,134 — (128 ) 2,006 Corporate notes 30,278 331 (265 ) 30,344 $ 447,869 $ 1,315 $ (4,965 ) $ 444,219 Securities held to maturity: State and political subdivisions $ 45,527 $ 460 $ (97 ) $ 45,890 (1) All collateralized mortgage obligations and mortgage-backed securities consist of residential mortgage pass-through securities guaranteed by FHLMC or FNMA, real estate mortgage investment conduits guaranteed by FNMA, FHLMC or GNMA, and commercial mortgage pass-through securities guaranteed by the SBA. (2) Pass-through asset-backed securities guaranteed by the SBA, representing participating interests in pools of long-term debentures issued by state and local development companies certified by the SBA. |
Investments Classified by Contractual Maturity Date [Table Text Block] | The amortized cost and fair value of investment securities available for sale as of September 30, 2018 , by contractual maturity, are shown below. Certain securities have call features that allow the issuer to call the securities prior to maturity. Expected maturities may differ from contractual maturities for collateralized mortgage obligations, mortgage-backed securities and asset-backed securities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Therefore, collateralized mortgage obligations, mortgage-backed securities and asset-backed securities are not included in the maturity categories within the following maturity summary. September 30, 2018 Amortized Cost Fair Value Due in one year or less $ 115 $ 115 Due after one year through five years 3,616 3,562 Due after five years through ten years 83,586 81,587 Due after ten years 128,585 123,163 215,902 208,427 Collateralized mortgage obligations, mortgage-backed securities and asset-backed securities 269,986 261,904 $ 485,888 $ 470,331 |
Schedule of Realized Gain (Loss) [Table Text Block] | The details of the sales of investment securities available for sale for the three and nine months ended September 30, 2018 and 2017 are summarized in the following table. Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Proceeds from sales $ 56,924 $ 21,204 $ 66,140 $ 74,224 Gross gains on sales 64 197 98 527 Gross losses on sales 142 — 201 104 |
Schedule of Unrealized Loss on Investments [Table Text Block] | The following tables show the fair value and gross unrealized losses, aggregated by investment type and length of time that individual securities have been in a continuous loss position, as of September 30, 2018 and December 31, 2017 . September 30, 2018 Less than 12 months 12 months or longer Total Fair Value Gross Unrealized (Losses) Fair Value Gross Unrealized (Losses) Fair Value Gross Unrealized (Losses) Securities available for sale: State and political subdivisions $ 102,773 $ (3,594 ) $ 48,632 $ (2,560 ) $ 151,405 $ (6,154 ) Collateralized mortgage obligations 52,539 (428 ) 110,106 (5,223 ) 162,645 (5,651 ) Mortgage-backed securities 33,041 (869 ) 26,759 (868 ) 59,800 (1,737 ) Asset-backed securities 21,040 (204 ) 17,731 (490 ) 38,771 (694 ) Trust preferred security — — 2,000 (148 ) 2,000 (148 ) Corporate notes 30,192 (390 ) 14,155 (844 ) 44,347 (1,234 ) $ 239,585 $ (5,485 ) $ 219,383 $ (10,133 ) $ 458,968 $ (15,618 ) December 31, 2017 Less than 12 months 12 months or longer Total Fair Value Gross Unrealized (Losses) Fair Value Gross Unrealized (Losses) Fair Value Gross Unrealized (Losses) Securities available for sale: State and political subdivisions $ 86,750 $ (946 ) $ — $ — $ 86,750 $ (946 ) Collateralized mortgage obligations 107,526 (1,583 ) 46,396 (1,144 ) 153,922 (2,727 ) Mortgage-backed securities 53,974 (547 ) — — 53,974 (547 ) Asset-backed securities 38,652 (352 ) — — 38,652 (352 ) Trust preferred security — — 2,006 (128 ) 2,006 (128 ) Corporate notes 14,735 (265 ) — — 14,735 (265 ) $ 301,637 $ (3,693 ) $ 48,402 $ (1,272 ) $ 350,039 $ (4,965 ) Securities held to maturity: State and political subdivisions $ 12,611 $ (70 ) $ 1,740 $ (27 ) $ 14,351 $ (97 ) |
Loans and Allowance for Loan _2
Loans and Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Loans and Allowance for Loan Losses [Abstract] | |
Schedule of Loans [Table Text Block] | Loans consisted of the following segments as of September 30, 2018 and December 31, 2017 . September 30, 2018 December 31, 2017 Commercial $ 316,467 $ 347,482 Real estate: Construction, land and land development 204,891 207,451 1-4 family residential first mortgages 49,411 51,044 Home equity 14,103 13,811 Commercial 1,011,809 886,114 Consumer and other 6,293 6,363 1,602,974 1,512,265 Net unamortized fees and costs (2,157 ) (1,765 ) $ 1,600,817 $ 1,510,500 |
Impaired Loans [Table Text Block] | The following table summarizes the recorded investment in impaired loans by segment, broken down by loans with no related allowance for loan losses and loans with a related allowance and the amount of that allowance as of September 30, 2018 and December 31, 2017 . September 30, 2018 December 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial $ 930 $ 930 $ — $ — $ — $ — Real estate: Construction, land and land development — — — — — — 1-4 family residential first mortgages 110 110 — 91 91 — Home equity — — — 172 172 — Commercial 687 687 — 220 220 — Consumer and other — — — — — — 1,727 1,727 — 483 483 — With an allowance recorded: Commercial — — — — — — Real estate: Construction, land and land development — — — — — — 1-4 family residential first mortgages — — — — — — Home equity 14 14 14 21 21 21 Commercial 105 105 105 118 118 118 Consumer and other — — — — — — 119 119 119 139 139 139 Total: Commercial 930 930 — — — — Real estate: Construction, land and land development — — — — — — 1-4 family residential first mortgages 110 110 — 91 91 — Home equity 14 14 14 193 193 21 Commercial 792 792 105 338 338 118 Consumer and other — — — — — — $ 1,846 $ 1,846 $ 119 $ 622 $ 622 $ 139 |
Schedule of Impaired Loans With and Without an Allowance [Table Text Block] | The following table summarizes the average recorded investment and interest income recognized on impaired loans by segment for the three and nine months ended September 30, 2018 and 2017 . Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial $ 950 $ — $ — $ — $ 661 $ — $ 24 $ — Real estate: Construction, land and land development — — — — — — — — 1-4 family residential first mortgages 113 — 97 — 115 — 101 — Home equity 129 6 29 — 155 6 33 — Commercial 707 — 262 — 581 — 291 — Consumer and other — — — — — — — — 1,899 6 388 — 1,512 6 449 — With an allowance recorded: Commercial — — 62 — — — 78 — Real estate: Construction, land and land development — — — — — — — — 1-4 family residential first mortgages — — — — — — — — Home equity 15 — 157 — 17 — 223 — Commercial 107 — 125 — 112 — 130 — Consumer and other — — — — — — — — 122 — 344 — 129 — 431 — Total: Commercial 950 — 62 — 661 — 102 — Real estate: Construction, land and land development — — — — — — — — 1-4 family residential first mortgages 113 — 97 — 115 — 101 — Home equity 144 6 186 — 172 6 256 — Commercial 814 — 387 — 693 — 421 — Consumer and other — — — — — — — — $ 2,021 $ 6 $ 732 $ — $ 1,641 $ 6 $ 880 $ — |
Past Due Loans [Table Text Block] | The following tables provide an analysis of the payment status of the recorded investment in loans as of September 30, 2018 and December 31, 2017 . September 30, 2018 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Nonaccrual Loans Total Loans Commercial $ 75 $ — $ — $ 75 $ 315,462 $ 930 $ 316,467 Real estate: Construction, land and land development — — — — 204,891 — 204,891 1-4 family residential first mortgages 174 — — 174 49,127 110 49,411 Home equity 30 — — 30 14,059 14 14,103 Commercial — — — — 1,011,017 792 1,011,809 Consumer and other — — — — 6,293 — 6,293 Total $ 279 $ — $ — $ 279 $ 1,600,849 $ 1,846 $ 1,602,974 December 31, 2017 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Nonaccrual Loans Total Loans Commercial $ 40 $ 20 $ — $ 60 $ 347,422 $ — $ 347,482 Real estate: Construction, land and land development — — — — 207,451 — 207,451 1-4 family residential first mortgages — 75 — 75 50,878 91 51,044 Home equity — — — — 13,618 193 13,811 Commercial — — — — 885,776 338 886,114 Consumer and other — — — — 6,363 — 6,363 Total $ 40 $ 95 $ — $ 135 $ 1,511,508 $ 622 $ 1,512,265 |
Loan Credit Quality Indicators [Table Text Block] | The following tables present the recorded investment in loans by credit quality indicator and loan segment as of September 30, 2018 and December 31, 2017 . September 30, 2018 Pass Watch Substandard Doubtful Total Commercial $ 295,080 $ 19,379 $ 2,008 $ — $ 316,467 Real estate: Construction, land and land development 203,461 1,430 — — 204,891 1-4 family residential first mortgages 47,929 1,311 171 — 49,411 Home equity 13,911 78 114 — 14,103 Commercial 982,212 27,837 1,760 — 1,011,809 Consumer and other 6,265 — 28 — 6,293 Total $ 1,548,858 $ 50,035 $ 4,081 $ — $ 1,602,974 December 31, 2017 Pass Watch Substandard Doubtful Total Commercial $ 344,586 $ 901 $ 1,995 $ — $ 347,482 Real estate: Construction, land and land development 206,719 732 — — 207,451 1-4 family residential first mortgages 49,905 890 249 — 51,044 Home equity 13,466 54 291 — 13,811 Commercial 856,789 20,574 8,751 — 886,114 Consumer and other 6,327 36 — — 6,363 Total $ 1,477,792 $ 23,187 $ 11,286 $ — $ 1,512,265 |
Allowance for Loan Losses [Table Text Block] | The following tables detail the changes in the allowance for loan losses by segment for the three and nine months ended September 30, 2018 and 2017 . Three Months Ended September 30, 2018 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Beginning balance $ 3,673 $ 1,911 $ 304 $ 182 $ 10,369 $ 79 $ 16,518 Charge-offs — — — — — — — Recoveries 539 — 7 6 2 1 555 Provision (1) (907 ) 185 (23 ) — 346 (1 ) (400 ) Ending balance $ 3,305 $ 2,096 $ 288 $ 188 $ 10,717 $ 79 $ 16,673 Three Months Ended September 30, 2017 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Beginning balance $ 3,802 $ 2,552 $ 350 $ 372 $ 9,307 $ 103 $ 16,486 Charge-offs (3 ) — — (176 ) — — (179 ) Recoveries 34 — 8 5 3 1 51 Provision (1) (165 ) 170 (24 ) 16 1 2 — Ending balance $ 3,668 $ 2,722 $ 334 $ 217 $ 9,311 $ 106 $ 16,358 Nine Months Ended September 30, 2018 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Beginning balance $ 3,866 $ 2,213 $ 319 $ 186 $ 9,770 $ 76 $ 16,430 Charge-offs (208 ) — — (1 ) — — (209 ) Recoveries 649 — 14 17 9 13 702 Provision (1) (1,002 ) (117 ) (45 ) (14 ) 938 (10 ) (250 ) Ending balance $ 3,305 $ 2,096 $ 288 $ 188 $ 10,717 $ 79 $ 16,673 Nine Months Ended September 30, 2017 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Beginning balance $ 3,881 $ 2,639 $ 317 $ 478 $ 8,697 $ 100 $ 16,112 Charge-offs (196 ) — — (176 ) — — (372 ) Recoveries 174 398 10 20 9 7 618 Provision (1) (191 ) (315 ) 7 (105 ) 605 (1 ) — Ending balance $ 3,668 $ 2,722 $ 334 $ 217 $ 9,311 $ 106 $ 16,358 (1) The negative provisions for the various segments are related to the decline in outstanding balances in each of those portfolio segments during the time periods disclosed and/or improvement in the credit quality factors related to those portfolio segments. |
Allowance for Loan Losses by Impairment Method [Table Text Block] | The following tables present a breakdown of the allowance for loan losses disaggregated on the basis of impairment analysis method by segment as of September 30, 2018 and December 31, 2017 . September 30, 2018 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Ending balance: Individually evaluated for impairment $ — $ — $ — $ 14 $ 105 $ — $ 119 Collectively evaluated for impairment 3,305 2,096 288 174 10,612 79 16,554 Total $ 3,305 $ 2,096 $ 288 $ 188 $ 10,717 $ 79 $ 16,673 December 31, 2017 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Ending balance: Individually evaluated for impairment $ — $ — $ — $ 21 $ 118 $ — $ 139 Collectively evaluated for impairment 3,866 2,213 319 165 9,652 76 16,291 Total $ 3,866 $ 2,213 $ 319 $ 186 $ 9,770 $ 76 $ 16,430 |
Loans by Impairment Method [Table Text Block] | The following tables present the recorded investment in loans, exclusive of unamortized fees and costs, disaggregated on the basis of impairment analysis method by segment as of September 30, 2018 and December 31, 2017 . September 30, 2018 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Ending balance: Individually evaluated for impairment $ 930 $ — $ 110 $ 14 $ 792 $ — $ 1,846 Collectively evaluated for impairment 315,537 204,891 49,301 14,089 1,011,017 6,293 1,601,128 Total $ 316,467 $ 204,891 $ 49,411 $ 14,103 $ 1,011,809 $ 6,293 $ 1,602,974 December 31, 2017 Real Estate Commercial Construction and Land 1-4 Family Residential Home Equity Commercial Consumer and Other Total Ending balance: Individually evaluated for impairment $ — $ — $ 91 $ 193 $ 338 $ — $ 622 Collectively evaluated for impairment 347,482 207,451 50,953 13,618 885,776 6,363 1,511,643 Total $ 347,482 $ 207,451 $ 51,044 $ 13,811 $ 886,114 $ 6,363 $ 1,512,265 |
Derivatives (Tables)
Derivatives (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | The table below identifies the balance sheet category and fair values of the Company's derivative instruments designated as cash flow hedges as of September 30, 2018 and December 31, 2017 . Notional Amount Fair Value Balance Sheet Category Weighted Average Receive Rate Weighted Average Pay Rate Maturity September 30, 2018 Interest rate swap $ 30,000 $ 414 Other Assets 2.66 % 2.52 % 9/21/2020 Interest rate swap (1) 20,000 1,851 Other Assets 5.45 % 4.81 % 9/30/2026 Interest rate swap (2) 60,000 2,082 Other Assets — 2.31 % 12/31/2025 December 31, 2017 Interest rate swap $ 30,000 $ (86 ) Other Liabilities 1.95 % 2.52 % 9/21/2020 Interest rate swap (1) 20,000 895 Other Assets — 4.81 % 9/30/2026 (1) This swap is a forward-starting swap with a weighted average pay rate of 4.81 percent beginning September 30, 2018. No interest payments are required related to this swap until December 30, 2018. |
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] | The following table identifies the pre-tax gains or losses recognized on the Company's derivative instruments designated as cash flow hedges for the nine months ended September 30, 2018 and 2017 . Reclassified from AOCI into Income Amount of Pre-tax Gain (Loss) Recognized in OCI Amount of Loss Nine Months Ended September 30, Nine Months Ended September 30, 2018 2017 Category 2018 2017 Interest rate swaps $ 3,512 (376 ) Interest Expense $ (96 ) (321 ) |
Deferred Income Taxes (Tables)
Deferred Income Taxes (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Components of Deferred Tax Assets and Liabilities [Abstract] | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | Net deferred tax assets consisted of the following as of September 30, 2018 and December 31, 2017 . September 30, 2018 December 31, 2017 Deferred tax assets: Allowance for loan losses $ 4,168 $ 4,108 Net unrealized losses on securities available for sale 3,890 902 Intangibles — 101 Accrued expenses 305 176 Restricted stock compensation 519 544 State net operating loss carryforward 1,496 1,379 Other 72 86 10,450 7,296 Deferred tax liabilities: Net deferred loan fees and costs 182 193 Net unrealized gains on interest rate swaps 1,044 139 Premises and equipment 690 792 Other 137 148 2,053 1,272 Net deferred tax assets before valuation allowance 8,397 6,024 Valuation allowance (1,496 ) (1,379 ) Net deferred tax assets $ 6,901 $ 4,645 |
Comprehensive Income (Tables)
Comprehensive Income (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Equity [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The following table summarizes the changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, for the nine months ended September 30, 2018 and 2017 . Unrealized Unrealized Accumulated Gains Gains Other (Losses) on (Losses) on Comprehensive Securities Derivatives Income (Loss) Balance, December 31, 2017 $ (2,237 ) $ 345 $ (1,892 ) Transfer of securities held to maturity to securities available for sale 273 — 273 Other comprehensive income (loss) before reclassifications (9,281 ) 2,634 (6,647 ) Amounts reclassified from accumulated other comprehensive income 53 69 122 Net current period other comprehensive income (loss) (8,955 ) 2,703 (6,252 ) Reclassification of stranded tax effects (475 ) 105 (370 ) Balance, September 30, 2018 $ (11,667 ) $ 3,153 $ (8,514 ) Balance, December 31, 2016 $ (1,172 ) $ 130 $ (1,042 ) Other comprehensive income (loss) before reclassifications 1,556 (233 ) 1,323 Amounts reclassified from accumulated other comprehensive income (408 ) 199 (209 ) Net current period other comprehensive income (loss) 1,148 (34 ) 1,114 Balance, September 30, 2017 $ (24 ) $ 96 $ 72 |
Commitments and Contingencies_2
Commitments and Contingencies (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Summary Of Outstanding Commitments To Extend Credit And Letters Of Credit [Table Text Block] | The Company's commitments consisted of the following approximate amounts as of September 30, 2018 and December 31, 2017 . September 30, 2018 December 31, 2017 Commitments to extend credit $ 591,283 $ 617,949 Standby letters of credit 6,035 5,996 $ 597,318 $ 623,945 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | The following tables present the balances of financial assets and liabilities measured at fair value on a recurring basis by level as of September 30, 2018 and December 31, 2017 . September 30, 2018 Total Level 1 Level 2 Level 3 Financial assets: Investment securities available for sale: State and political subdivisions $ 155,774 $ — $ 155,774 $ — Collateralized mortgage obligations 162,645 — 162,645 — Mortgage-backed securities 60,488 — 60,488 — Asset-backed securities 38,771 — 38,771 — Trust preferred security 2,000 — 2,000 — Corporate notes 50,653 — 50,653 — Derivative instruments, interest rate swaps 4,347 — 4,347 — December 31, 2017 Total Level 1 Level 2 Level 3 Financial assets: Investment securities available for sale: State and political subdivisions $ 146,313 $ — $ 146,313 $ — Collateralized mortgage obligations 159,932 — 159,932 — Mortgage-backed securities 60,429 — 60,429 — Asset-backed securities 45,195 — 45,195 — Trust preferred security 2,006 — 2,006 — Corporate notes 30,344 — 30,344 — Derivative instrument, interest rate swap 895 — 895 — Financial liabilities: Derivative instrument, interest rate swap $ 86 $ — $ 86 $ — |
Carrying Amounts And Approximate Fair Values Of Financial Instruments [Table Text Block] | The following table presents the carrying amounts and approximate fair values of financial assets and liabilities as of September 30, 2018 and December 31, 2017 . September 30, 2018 December 31, 2017 Fair Value Hierarchy Level Carrying Amount Approximate Fair Value Carrying Amount Approximate Fair Value Financial assets: Cash and due from banks Level 1 $ 26,406 $ 26,406 $ 34,952 $ 34,952 Federal funds sold Level 1 876 876 12,997 12,997 Investment securities available for sale See previous table 470,331 470,331 444,219 444,219 Investment securities held to maturity Level 2 — — 45,527 45,890 Federal Home Loan Bank stock Level 1 10,061 10,061 9,174 9,174 Loans, net Level 2 1,584,144 1,553,283 1,494,070 1,490,166 Accrued interest receivable Level 1 7,782 7,782 7,344 7,344 Interest rate swaps Level 2 4,347 4,347 895 895 Financial liabilities: Deposits Level 2 $ 1,839,292 $ 1,838,548 $ 1,810,813 $ 1,810,924 Federal funds purchased Level 1 26,245 26,245 545 545 Subordinated notes, net Level 2 20,422 16,277 20,412 15,357 Federal Home Loan Bank advances, net Level 2 77,501 77,501 76,382 76,382 Long-term debt Level 2 17,582 17,537 22,917 22,860 Accrued interest payable Level 1 1,050 1,050 736 736 Interest rate swap Level 2 — — 86 86 Off-balance-sheet financial instruments: Commitments to extend credit Level 3 — — — — Standby letters of credit Level 3 — — — — |
Basis of Presentation Held to m
Basis of Presentation Held to maturity securities transferred to Available for Sale (Details) - USD ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2018 | Jan. 01, 2018 | Sep. 30, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Held to maturity securities, transferred to available for sale securities, amortized cost | $ 45,527 | $ 45,527 | $ 0 |
Held to maturity securities, transferred to available for sale securities, fair market value | $ 45,890 | ||
Held to maturity securities, transferred to available for sale securities, unrealized gain (loss) | $ 273 |
Basis of Presentation Reclassif
Basis of Presentation Reclassification of stranded tax effects (Details) $ in Thousands | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Other comprehensive income, reclassification of stranded tax effects | $ 370 |
Earnings Per Common Share (Deta
Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Earnings Per Share [Abstract] | ||||
Net income | $ 7,133 | $ 6,405 | $ 21,281 | $ 18,876 |
Weighted average common shares outstanding (shares) | 16,295 | 16,213 | 16,268 | 16,186 |
Weighted average effect of restricted stock units outstanding (shares) | 106 | 118 | 132 | 127 |
Diluted weighted average common shares outstanding (shares) | 16,401 | 16,331 | 16,400 | 16,313 |
Basic earnings per common share | $ 0.44 | $ 0.40 | $ 1.31 | $ 1.17 |
Diluted earnings per common share | $ 0.43 | $ 0.39 | $ 1.30 | $ 1.16 |
Number of anti-dilutive common stock equivalents excluded from earnings per share computation (shares) | 137 | 24 | 92 | 14 |
Investment Securities Security
Investment Securities Security Type - Available for Sale (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities available for sale, amortized cost | $ 485,888 | $ 447,869 |
Investment securities available for sale, gross unrealized gains | 61 | 1,315 |
Investment securities available for sale, gross unrealized (losses) | (15,618) | (4,965) |
Investment securities available for sale, at fair value | 470,331 | 444,219 |
State and political subdivisions [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities available for sale, amortized cost | 161,888 | 146,331 |
Investment securities available for sale, gross unrealized gains | 40 | 928 |
Investment securities available for sale, gross unrealized (losses) | (6,154) | (946) |
Investment securities available for sale, at fair value | 155,774 | 146,313 |
Collateralized mortgage obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities available for sale, amortized cost | 168,296 | 162,631 |
Investment securities available for sale, gross unrealized gains | 0 | 28 |
Investment securities available for sale, gross unrealized (losses) | (5,651) | (2,727) |
Investment securities available for sale, at fair value | 162,645 | 159,932 |
Mortgage-backed securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities available for sale, amortized cost | 62,225 | 60,956 |
Investment securities available for sale, gross unrealized gains | 0 | 20 |
Investment securities available for sale, gross unrealized (losses) | (1,737) | (547) |
Investment securities available for sale, at fair value | 60,488 | 60,429 |
Asset-backed securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities available for sale, amortized cost | 39,465 | 45,539 |
Investment securities available for sale, gross unrealized gains | 0 | 8 |
Investment securities available for sale, gross unrealized (losses) | (694) | (352) |
Investment securities available for sale, at fair value | 38,771 | 45,195 |
Trust preferred security [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities available for sale, amortized cost | 2,148 | 2,134 |
Investment securities available for sale, gross unrealized gains | 0 | 0 |
Investment securities available for sale, gross unrealized (losses) | (148) | (128) |
Investment securities available for sale, at fair value | 2,000 | 2,006 |
Corporate notes | ||
Debt Securities, Available-for-sale [Line Items] | ||
Investment securities available for sale, amortized cost | 51,866 | 30,278 |
Investment securities available for sale, gross unrealized gains | 21 | 331 |
Investment securities available for sale, gross unrealized (losses) | (1,234) | (265) |
Investment securities available for sale, at fair value | $ 50,653 | $ 30,344 |
Investment Securities Securit_2
Investment Securities Security Type - Held to Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Investment securities held to maturity, amortized cost | $ 0 | $ 45,527 |
Investment securities held to maturity, fair value | $ 0 | 45,890 |
State and political subdivisions [Member] | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Investment securities held to maturity, amortized cost | 45,527 | |
Investment securities held to maturity, gross unrealized gains | 460 | |
Investment securities held to maturity, gross unrealized (losses) | (97) | |
Investment securities held to maturity, fair value | $ 45,890 |
Investment Securities Contractu
Investment Securities Contractual Maturities (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis [Abstract] | ||
Due in one year or less, amortized cost | $ 115 | |
Due after one year through five years, amortized cost | 3,616 | |
Due after five years through ten years, amortized cost | 83,586 | |
Due after ten years, amortized cost | 128,585 | |
Subtotal before securities without single maturities, amortized cost | 215,902 | |
Collateralized mortgage obligations and mortgage-backed and asset-backed securities, amortized cost | 269,986 | |
Investment securities available for sale, amortized cost | 485,888 | $ 447,869 |
Available-for-sale Securities, Debt Maturities, Fair Value [Abstract] | ||
Due in one year or less, fair value | 115 | |
Due after one year through five years, fair value | 3,562 | |
Due after five years through ten years, fair value | 81,587 | |
Due after ten years, fair value | 123,163 | |
Subtotal before securities without single maturities, fair value | 208,427 | |
Collateralized mortgage obligations and mortgage-backed and asset-backed securities, fair value | 261,904 | |
Investment securities available for sale, fair value | $ 470,331 | $ 444,219 |
Investment Securities Detail of
Investment Securities Detail of Sale of Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Investment Securities [Abstract] | ||||
Proceeds from sales | $ 56,924 | $ 21,204 | $ 66,140 | $ 74,224 |
Gross gains on sales | 64 | 197 | 98 | 527 |
Gross losses on sales | $ 142 | $ 0 | $ 201 | $ 104 |
Investment Securities Gross Unr
Investment Securities Gross Unrealized Losses - AFS (Details) $ in Thousands | Sep. 30, 2018USD ($)securities | Dec. 31, 2017USD ($) |
Debt Securities, Available-for-sale [Line Items] | ||
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value | $ 239,585 | $ 301,637 |
Available-for-sale securities, continuous unrealized loss position, less than 12 months, gross unrealized (losses) | (5,485) | (3,693) |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value | 219,383 | 48,402 |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, gross unrealized (losses) | (10,133) | (1,272) |
Available-for-sale securities, total, continuous unrealized loss position, fair value | 458,968 | 350,039 |
Available-for-sale securities, continuous unrealized loss position, gross unrealized (losses) | $ (15,618) | (4,965) |
State and political subdivisions [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Available-for-sales securities in unrealized loss positions, qualitative disclosure, number of positions | securities | 208 | |
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value | $ 102,773 | 86,750 |
Available-for-sale securities, continuous unrealized loss position, less than 12 months, gross unrealized (losses) | (3,594) | (946) |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value | 48,632 | 0 |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, gross unrealized (losses) | (2,560) | 0 |
Available-for-sale securities, total, continuous unrealized loss position, fair value | 151,405 | 86,750 |
Available-for-sale securities, continuous unrealized loss position, gross unrealized (losses) | $ (6,154) | (946) |
Collateralized mortgage obligations [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Available-for-sales securities in unrealized loss positions, qualitative disclosure, number of positions | securities | 45 | |
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value | $ 52,539 | 107,526 |
Available-for-sale securities, continuous unrealized loss position, less than 12 months, gross unrealized (losses) | (428) | (1,583) |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value | 110,106 | 46,396 |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, gross unrealized (losses) | (5,223) | (1,144) |
Available-for-sale securities, total, continuous unrealized loss position, fair value | 162,645 | 153,922 |
Available-for-sale securities, continuous unrealized loss position, gross unrealized (losses) | $ (5,651) | (2,727) |
Mortgage-backed securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Available-for-sales securities in unrealized loss positions, qualitative disclosure, number of positions | securities | 18 | |
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value | $ 33,041 | 53,974 |
Available-for-sale securities, continuous unrealized loss position, less than 12 months, gross unrealized (losses) | (869) | (547) |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value | 26,759 | 0 |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, gross unrealized (losses) | (868) | 0 |
Available-for-sale securities, total, continuous unrealized loss position, fair value | 59,800 | 53,974 |
Available-for-sale securities, continuous unrealized loss position, gross unrealized (losses) | $ (1,737) | (547) |
Asset-backed securities | ||
Debt Securities, Available-for-sale [Line Items] | ||
Available-for-sales securities in unrealized loss positions, qualitative disclosure, number of positions | securities | 7 | |
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value | $ 21,040 | 38,652 |
Available-for-sale securities, continuous unrealized loss position, less than 12 months, gross unrealized (losses) | (204) | (352) |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value | 17,731 | 0 |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, gross unrealized (losses) | (490) | 0 |
Available-for-sale securities, total, continuous unrealized loss position, fair value | 38,771 | 38,652 |
Available-for-sale securities, continuous unrealized loss position, gross unrealized (losses) | $ (694) | (352) |
Trust preferred security [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Available-for-sales securities in unrealized loss positions, qualitative disclosure, number of positions | securities | 1 | |
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value | $ 0 | 0 |
Available-for-sale securities, continuous unrealized loss position, less than 12 months, gross unrealized (losses) | 0 | 0 |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value | 2,000 | 2,006 |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, gross unrealized (losses) | (148) | (128) |
Available-for-sale securities, total, continuous unrealized loss position, fair value | 2,000 | 2,006 |
Available-for-sale securities, continuous unrealized loss position, gross unrealized (losses) | $ (148) | (128) |
Corporate notes | ||
Debt Securities, Available-for-sale [Line Items] | ||
Available-for-sales securities in unrealized loss positions, qualitative disclosure, number of positions | securities | 19 | |
Available-for-sale securities, continuous unrealized loss position, less than 12 months, fair value | $ 30,192 | 14,735 |
Available-for-sale securities, continuous unrealized loss position, less than 12 months, gross unrealized (losses) | (390) | (265) |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, fair value | 14,155 | 0 |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, gross unrealized (losses) | (844) | 0 |
Available-for-sale securities, total, continuous unrealized loss position, fair value | 44,347 | 14,735 |
Available-for-sale securities, continuous unrealized loss position, gross unrealized (losses) | $ (1,234) | $ (265) |
Investment Securities Gross U_2
Investment Securities Gross Unrealized Losses - HTM (Details) - State and political subdivisions [Member] $ in Thousands | Dec. 31, 2017USD ($) |
Schedule of Held-to-maturity Securities [Line Items] | |
Held-to-maturity securities, continuous unrealized loss position, less than 12 months, fair value | $ 12,611 |
Held-to-maturity securities, continuous unrealized loss position, less than 12 months, gross unrealized (losses) | (70) |
Held-to-maturity securities, continuous unrealized loss position, 12 months or longer, fair value | 1,740 |
Held-to-maturity securities, continuous unrealized loss position, 12 months or longer, gross unrealized (losses) | (27) |
Held-to-maturity securities, continuous unrealized loss position, fair value | 14,351 |
Held-to-maturity securities, continuous unrealized loss position, gross unrealized (losses) | $ (97) |
Investment Securities Other Nar
Investment Securities Other Narratives - AFS securities (Details) - USD ($) $ in Thousands | 9 Months Ended | |||
Sep. 30, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | |
Investments, Debt and Equity Securities [Abstract] | ||||
Held to maturity securities, transferred to available for sale securities, amortized cost | $ 45,527 | $ 45,527 | $ 0 | |
Held to maturity securities, transferred to available for sale securities, fair market value | $ 45,890 | |||
Held to maturity securities, transferred to available for sale securities, unrealized gain (loss) | 273 | |||
Securities pledged as collateral at amortized cost | $ 129,578 | $ 120,338 |
Loans and Allowance for Loan _3
Loans and Allowance for Loan Losses Schedule of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans Receivable [Line Items] | ||
Loans receivable, gross | $ 1,602,974 | $ 1,512,265 |
Net unamortized fees and costs | (2,157) | (1,765) |
Loans, net of unamortized fees and costs | 1,600,817 | 1,510,500 |
Commercial [Member] | ||
Loans Receivable [Line Items] | ||
Loans receivable, gross | 316,467 | 347,482 |
Construction, land and land development [Member] | ||
Loans Receivable [Line Items] | ||
Loans receivable, gross | 204,891 | 207,451 |
1-4 family residential first mortgages [Member] | ||
Loans Receivable [Line Items] | ||
Loans receivable, gross | 49,411 | 51,044 |
Home equity [Member] | ||
Loans Receivable [Line Items] | ||
Loans receivable, gross | 14,103 | 13,811 |
Commercial real estate [Member] | ||
Loans Receivable [Line Items] | ||
Loans receivable, gross | 1,011,809 | 886,114 |
Consumer and other [Member] | ||
Loans Receivable [Line Items] | ||
Loans receivable, gross | $ 6,293 | $ 6,363 |
Loans and Allowance for Loan _4
Loans and Allowance for Loan Losses Schedule of Troubled Debt Restructured Loans (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2018USD ($)loans | Sep. 30, 2017loans | Sep. 30, 2018USD ($)loans | Sep. 30, 2017loans | Sep. 30, 2018USD ($)loans | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($) | |
Loans and Allowance for Loan Losses [Abstract] | |||||||
Loans, modifications | $ 687 | $ 687 | $ 687 | $ 220 | |||
Loans, modifications, number of contracts | loans | 0 | 0 | 1 | 0 | 1 | ||
Loans, modifications, subsequent default, recorded investment | $ 552 | $ 0 | |||||
Troubled debt restructured loans included in nonaccrual | $ 687 | $ 687 | $ 687 | $ 220 | |||
Loans, modifications, post-modification recorded investment | $ 0 | 560 | |||||
Loans, modifications, pre-modification recorded investment | $ 560 |
Loans and Allowance for Loan _5
Loans and Allowance for Loan Losses Schedule of Impaired Loans With and Without an Allowance (Details) $ in Thousands | Sep. 30, 2018USD ($)Borrowers | Dec. 31, 2017USD ($)Borrowers |
Loans, Impaired [Line Items] | ||
Impaired loans, with no related allowance, recorded investment | $ 1,727 | $ 483 |
Impaired loans, with no related allowance, unpaid principal balance | 1,727 | 483 |
Impaired loans, with related allowance, recorded investment | 119 | 139 |
Impaired loans, with related allowance, unpaid principal balance | 119 | 139 |
Impaired loans, recorded investment | 1,846 | 622 |
Impaired loans, unpaid principal balance | 1,846 | 622 |
Impaired loans, related allowance | $ 119 | $ 139 |
Number of borrowers, impaired loans | Borrowers | 6 | 5 |
Impaired loans, commitment to lend | $ 0 | |
Commercial [Member] | ||
Loans, Impaired [Line Items] | ||
Impaired loans, with no related allowance, recorded investment | 930 | $ 0 |
Impaired loans, with no related allowance, unpaid principal balance | 930 | 0 |
Impaired loans, with related allowance, recorded investment | 0 | 0 |
Impaired loans, with related allowance, unpaid principal balance | 0 | 0 |
Impaired loans, recorded investment | 930 | 0 |
Impaired loans, unpaid principal balance | 930 | 0 |
Impaired loans, related allowance | 0 | 0 |
Construction, land and land development [Member] | ||
Loans, Impaired [Line Items] | ||
Impaired loans, with no related allowance, recorded investment | 0 | 0 |
Impaired loans, with no related allowance, unpaid principal balance | 0 | 0 |
Impaired loans, with related allowance, recorded investment | 0 | 0 |
Impaired loans, with related allowance, unpaid principal balance | 0 | 0 |
Impaired loans, recorded investment | 0 | 0 |
Impaired loans, unpaid principal balance | 0 | 0 |
Impaired loans, related allowance | 0 | 0 |
1-4 family residential first mortgages [Member] | ||
Loans, Impaired [Line Items] | ||
Impaired loans, with no related allowance, recorded investment | 110 | 91 |
Impaired loans, with no related allowance, unpaid principal balance | 110 | 91 |
Impaired loans, with related allowance, recorded investment | 0 | 0 |
Impaired loans, with related allowance, unpaid principal balance | 0 | 0 |
Impaired loans, recorded investment | 110 | 91 |
Impaired loans, unpaid principal balance | 110 | 91 |
Impaired loans, related allowance | 0 | 0 |
Home equity [Member] | ||
Loans, Impaired [Line Items] | ||
Impaired loans, with no related allowance, recorded investment | 0 | 172 |
Impaired loans, with no related allowance, unpaid principal balance | 0 | 172 |
Impaired loans, with related allowance, recorded investment | 14 | 21 |
Impaired loans, with related allowance, unpaid principal balance | 14 | 21 |
Impaired loans, recorded investment | 14 | 193 |
Impaired loans, unpaid principal balance | 14 | 193 |
Impaired loans, related allowance | 14 | 21 |
Commercial real estate [Member] | ||
Loans, Impaired [Line Items] | ||
Impaired loans, with no related allowance, recorded investment | 687 | 220 |
Impaired loans, with no related allowance, unpaid principal balance | 687 | 220 |
Impaired loans, with related allowance, recorded investment | 105 | 118 |
Impaired loans, with related allowance, unpaid principal balance | 105 | 118 |
Impaired loans, recorded investment | 792 | 338 |
Impaired loans, unpaid principal balance | 792 | 338 |
Impaired loans, related allowance | 105 | 118 |
Consumer and other [Member] | ||
Loans, Impaired [Line Items] | ||
Impaired loans, with no related allowance, recorded investment | 0 | 0 |
Impaired loans, with no related allowance, unpaid principal balance | 0 | 0 |
Impaired loans, with related allowance, recorded investment | 0 | 0 |
Impaired loans, with related allowance, unpaid principal balance | 0 | 0 |
Impaired loans, recorded investment | 0 | 0 |
Impaired loans, unpaid principal balance | 0 | 0 |
Impaired loans, related allowance | $ 0 | $ 0 |
Loans and Allowance for Loan _6
Loans and Allowance for Loan Losses Schedule of Impaired Loans With and Without an Allowance 2 (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Loans, Impaired [Line Items] | ||||
Impaired loans, with no related allowance, average recorded investment | $ 1,899 | $ 388 | $ 1,512 | $ 449 |
Impaired loans, with no related allowance, interest income, accrual method | 6 | 0 | 6 | 0 |
Impaired loans, with related allowance, average recorded investment | 122 | 344 | 129 | 431 |
Impaired loans, with related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired loans, average recorded investment | 2,021 | 732 | 1,641 | 880 |
Impaired loans, interest income, accrual method | 6 | 0 | 6 | 0 |
Commercial [Member] | ||||
Loans, Impaired [Line Items] | ||||
Impaired loans, with no related allowance, average recorded investment | 950 | 0 | 661 | 24 |
Impaired loans, with no related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired loans, with related allowance, average recorded investment | 0 | 62 | 0 | 78 |
Impaired loans, with related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired loans, average recorded investment | 950 | 62 | 661 | 102 |
Impaired loans, interest income, accrual method | 0 | 0 | 0 | 0 |
Construction, land and land development [Member] | ||||
Loans, Impaired [Line Items] | ||||
Impaired loans, with no related allowance, average recorded investment | 0 | 0 | 0 | 0 |
Impaired loans, with no related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired loans, with related allowance, average recorded investment | 0 | 0 | 0 | 0 |
Impaired loans, with related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired loans, average recorded investment | 0 | 0 | 0 | 0 |
Impaired loans, interest income, accrual method | 0 | 0 | 0 | 0 |
1-4 family residential first mortgages [Member] | ||||
Loans, Impaired [Line Items] | ||||
Impaired loans, with no related allowance, average recorded investment | 113 | 97 | 115 | 101 |
Impaired loans, with no related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired loans, with related allowance, average recorded investment | 0 | 0 | 0 | 0 |
Impaired loans, with related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired loans, average recorded investment | 113 | 97 | 115 | 101 |
Impaired loans, interest income, accrual method | 0 | 0 | 0 | 0 |
Home equity [Member] | ||||
Loans, Impaired [Line Items] | ||||
Impaired loans, with no related allowance, average recorded investment | 129 | 29 | 155 | 33 |
Impaired loans, with no related allowance, interest income, accrual method | 6 | 0 | 6 | 0 |
Impaired loans, with related allowance, average recorded investment | 15 | 157 | 17 | 223 |
Impaired loans, with related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired loans, average recorded investment | 144 | 186 | 172 | 256 |
Impaired loans, interest income, accrual method | 6 | 0 | 6 | 0 |
Commercial real estate [Member] | ||||
Loans, Impaired [Line Items] | ||||
Impaired loans, with no related allowance, average recorded investment | 707 | 262 | 581 | 291 |
Impaired loans, with no related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired loans, with related allowance, average recorded investment | 107 | 125 | 112 | 130 |
Impaired loans, with related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired loans, average recorded investment | 814 | 387 | 693 | 421 |
Impaired loans, interest income, accrual method | 0 | 0 | 0 | 0 |
Consumer and other [Member] | ||||
Loans, Impaired [Line Items] | ||||
Impaired loans, with no related allowance, average recorded investment | 0 | 0 | 0 | 0 |
Impaired loans, with no related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired loans, with related allowance, average recorded investment | 0 | 0 | 0 | 0 |
Impaired loans, with related allowance, interest income, accrual method | 0 | 0 | 0 | 0 |
Impaired loans, average recorded investment | 0 | 0 | 0 | 0 |
Impaired loans, interest income, accrual method | $ 0 | $ 0 | $ 0 | $ 0 |
Loans and Allowance for Loan _7
Loans and Allowance for Loan Losses Schedule of Past Due Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | $ 279 | $ 135 |
Loans, recorded investment, current | 1,600,849 | 1,511,508 |
Loans, recorded investment, nonaccrual status | 1,846 | 622 |
Loans | 1,602,974 | 1,512,265 |
Commercial [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 75 | 60 |
Loans, recorded investment, current | 315,462 | 347,422 |
Loans, recorded investment, nonaccrual status | 930 | 0 |
Loans | 316,467 | 347,482 |
Construction, land and land development [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 0 |
Loans, recorded investment, current | 204,891 | 207,451 |
Loans, recorded investment, nonaccrual status | 0 | 0 |
Loans | 204,891 | 207,451 |
1-4 family residential first mortgages [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 174 | 75 |
Loans, recorded investment, current | 49,127 | 50,878 |
Loans, recorded investment, nonaccrual status | 110 | 91 |
Loans | 49,411 | 51,044 |
Home equity [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 30 | 0 |
Loans, recorded investment, current | 14,059 | 13,618 |
Loans, recorded investment, nonaccrual status | 14 | 193 |
Loans | 14,103 | 13,811 |
Commercial real estate [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 0 |
Loans, recorded investment, current | 1,011,017 | 885,776 |
Loans, recorded investment, nonaccrual status | 792 | 338 |
Loans | 1,011,809 | 886,114 |
Consumer and other [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 0 |
Loans, recorded investment, current | 6,293 | 6,363 |
Loans, recorded investment, nonaccrual status | 0 | 0 |
Loans | 6,293 | 6,363 |
Loans, 30 to 59 Days Past Due [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 279 | 40 |
Loans, 30 to 59 Days Past Due [Member] | Commercial [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 75 | 40 |
Loans, 30 to 59 Days Past Due [Member] | Construction, land and land development [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 0 |
Loans, 30 to 59 Days Past Due [Member] | 1-4 family residential first mortgages [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 174 | 0 |
Loans, 30 to 59 Days Past Due [Member] | Home equity [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 30 | 0 |
Loans, 30 to 59 Days Past Due [Member] | Commercial real estate [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 0 |
Loans, 30 to 59 Days Past Due [Member] | Consumer and other [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 0 |
Loans, 60 to 89 Days Past Due [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 95 |
Loans, 60 to 89 Days Past Due [Member] | Commercial [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 20 |
Loans, 60 to 89 Days Past Due [Member] | Construction, land and land development [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 0 |
Loans, 60 to 89 Days Past Due [Member] | 1-4 family residential first mortgages [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 75 |
Loans, 60 to 89 Days Past Due [Member] | Home equity [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 0 |
Loans, 60 to 89 Days Past Due [Member] | Commercial real estate [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 0 |
Loans, 60 to 89 Days Past Due [Member] | Consumer and other [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 0 |
Loans, Equal to Greater than 90 Days Past Due [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 0 |
Loans, Equal to Greater than 90 Days Past Due [Member] | Commercial [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 0 |
Loans, Equal to Greater than 90 Days Past Due [Member] | Construction, land and land development [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 0 |
Loans, Equal to Greater than 90 Days Past Due [Member] | 1-4 family residential first mortgages [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 0 |
Loans, Equal to Greater than 90 Days Past Due [Member] | Home equity [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 0 |
Loans, Equal to Greater than 90 Days Past Due [Member] | Commercial real estate [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | 0 | 0 |
Loans, Equal to Greater than 90 Days Past Due [Member] | Consumer and other [Member] | ||
Loans, Recorded Investment, Past Due [Line Items] | ||
Loans, recorded investment, past due | $ 0 | $ 0 |
Loans and Allowance for Loan _8
Loans and Allowance for Loan Losses Schedule of Loans By Credit Quality Indicator (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans, Recorded Investment [Line Items] | ||
Loans | $ 1,602,974 | $ 1,512,265 |
Pass [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 1,548,858 | 1,477,792 |
Watch [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 50,035 | 23,187 |
Substandard [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 4,081 | 11,286 |
Doubtful [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 0 | 0 |
Commercial [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 316,467 | 347,482 |
Commercial [Member] | Pass [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 295,080 | 344,586 |
Commercial [Member] | Watch [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 19,379 | 901 |
Commercial [Member] | Substandard [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 2,008 | 1,995 |
Commercial [Member] | Doubtful [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 0 | 0 |
Construction, land and land development [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 204,891 | 207,451 |
Construction, land and land development [Member] | Pass [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 203,461 | 206,719 |
Construction, land and land development [Member] | Watch [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 1,430 | 732 |
Construction, land and land development [Member] | Substandard [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 0 | 0 |
Construction, land and land development [Member] | Doubtful [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 0 | 0 |
1-4 family residential first mortgages [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 49,411 | 51,044 |
1-4 family residential first mortgages [Member] | Pass [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 47,929 | 49,905 |
1-4 family residential first mortgages [Member] | Watch [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 1,311 | 890 |
1-4 family residential first mortgages [Member] | Substandard [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 171 | 249 |
1-4 family residential first mortgages [Member] | Doubtful [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 0 | 0 |
Home equity [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 14,103 | 13,811 |
Home equity [Member] | Pass [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 13,911 | 13,466 |
Home equity [Member] | Watch [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 78 | 54 |
Home equity [Member] | Substandard [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 114 | 291 |
Home equity [Member] | Doubtful [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 0 | 0 |
Commercial real estate [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 1,011,809 | 886,114 |
Commercial real estate [Member] | Pass [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 982,212 | 856,789 |
Commercial real estate [Member] | Watch [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 27,837 | 20,574 |
Commercial real estate [Member] | Substandard [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 1,760 | 8,751 |
Commercial real estate [Member] | Doubtful [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 0 | 0 |
Consumer and other [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 6,293 | 6,363 |
Consumer and other [Member] | Pass [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 6,265 | 6,327 |
Consumer and other [Member] | Watch [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 0 | 36 |
Consumer and other [Member] | Substandard [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | 28 | 0 |
Consumer and other [Member] | Doubtful [Member] | ||
Loans, Recorded Investment [Line Items] | ||
Loans | $ 0 | $ 0 |
Loans and Allowance for Loan _9
Loans and Allowance for Loan Losses Schedule of Allowance for Loan Loss Activity (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Loans, Allowance for Credit Losses [Roll Forward] | |||||
Allowance for loan losses, beginning balance | $ 16,518 | $ 16,486 | $ 16,430 | $ 16,112 | |
Allowance for loan losses, charge-offs | 0 | (179) | (209) | (372) | |
Allowance for loan losses, recoveries | 555 | 51 | 702 | 618 | |
Provision for loan losses | [1] | (400) | 0 | (250) | 0 |
Allowance for loan losses, ending balance | 16,673 | 16,358 | 16,673 | 16,358 | |
Commercial [Member] | |||||
Loans, Allowance for Credit Losses [Roll Forward] | |||||
Allowance for loan losses, beginning balance | 3,673 | 3,802 | 3,866 | 3,881 | |
Allowance for loan losses, charge-offs | 0 | (3) | (208) | (196) | |
Allowance for loan losses, recoveries | 539 | 34 | 649 | 174 | |
Provision for loan losses | (907) | (165) | (1,002) | (191) | |
Allowance for loan losses, ending balance | 3,305 | 3,668 | 3,305 | 3,668 | |
Construction, land and land development [Member] | |||||
Loans, Allowance for Credit Losses [Roll Forward] | |||||
Allowance for loan losses, beginning balance | 1,911 | 2,552 | 2,213 | 2,639 | |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 | |
Allowance for loan losses, recoveries | 0 | 0 | 0 | 398 | |
Provision for loan losses | 185 | 170 | (117) | (315) | |
Allowance for loan losses, ending balance | 2,096 | 2,722 | 2,096 | 2,722 | |
1-4 family residential first mortgages [Member] | |||||
Loans, Allowance for Credit Losses [Roll Forward] | |||||
Allowance for loan losses, beginning balance | 304 | 350 | 319 | 317 | |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 | |
Allowance for loan losses, recoveries | 7 | 8 | 14 | 10 | |
Provision for loan losses | (23) | (24) | (45) | 7 | |
Allowance for loan losses, ending balance | 288 | 334 | 288 | 334 | |
Home equity [Member] | |||||
Loans, Allowance for Credit Losses [Roll Forward] | |||||
Allowance for loan losses, beginning balance | 182 | 372 | 186 | 478 | |
Allowance for loan losses, charge-offs | 0 | (176) | (1) | (176) | |
Allowance for loan losses, recoveries | 6 | 5 | 17 | 20 | |
Provision for loan losses | 0 | 16 | (14) | (105) | |
Allowance for loan losses, ending balance | 188 | 217 | 188 | 217 | |
Commercial real estate [Member] | |||||
Loans, Allowance for Credit Losses [Roll Forward] | |||||
Allowance for loan losses, beginning balance | 10,369 | 9,307 | 9,770 | 8,697 | |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 | |
Allowance for loan losses, recoveries | 2 | 3 | 9 | 9 | |
Provision for loan losses | 346 | 1 | 938 | 605 | |
Allowance for loan losses, ending balance | 10,717 | 9,311 | 10,717 | 9,311 | |
Consumer and other [Member] | |||||
Loans, Allowance for Credit Losses [Roll Forward] | |||||
Allowance for loan losses, beginning balance | 79 | 103 | 76 | 100 | |
Allowance for loan losses, charge-offs | 0 | 0 | 0 | 0 | |
Allowance for loan losses, recoveries | 1 | 1 | 13 | 7 | |
Provision for loan losses | (1) | 2 | (10) | (1) | |
Allowance for loan losses, ending balance | $ 79 | $ 106 | $ 79 | $ 106 | |
[1] | The negative provisions for the various segments are related to the decline in outstanding balances in each of those portfolio segments during the time periods disclosed and/or improvement in the credit quality factors related to those portfolio segments. |
Loans and Allowance for Loan_10
Loans and Allowance for Loan Losses Schedule of Allowance for Loan Losses by Impairment Method (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans, Allowance for Loan Losses [Line Items] | ||
Allowance for loan losses, individually evaluated for impairment | $ 119 | $ 139 |
Allowance for loan losses, collectively evaluated for impairment | 16,554 | 16,291 |
Allowance for loan losses | 16,673 | 16,430 |
Commercial [Member] | ||
Loans, Allowance for Loan Losses [Line Items] | ||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 |
Allowance for loan losses, collectively evaluated for impairment | 3,305 | 3,866 |
Allowance for loan losses | 3,305 | 3,866 |
Construction, land and land development [Member] | ||
Loans, Allowance for Loan Losses [Line Items] | ||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 |
Allowance for loan losses, collectively evaluated for impairment | 2,096 | 2,213 |
Allowance for loan losses | 2,096 | 2,213 |
1-4 family residential first mortgages [Member] | ||
Loans, Allowance for Loan Losses [Line Items] | ||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 |
Allowance for loan losses, collectively evaluated for impairment | 288 | 319 |
Allowance for loan losses | 288 | 319 |
Home equity [Member] | ||
Loans, Allowance for Loan Losses [Line Items] | ||
Allowance for loan losses, individually evaluated for impairment | 14 | 21 |
Allowance for loan losses, collectively evaluated for impairment | 174 | 165 |
Allowance for loan losses | 188 | 186 |
Commercial real estate [Member] | ||
Loans, Allowance for Loan Losses [Line Items] | ||
Allowance for loan losses, individually evaluated for impairment | 105 | 118 |
Allowance for loan losses, collectively evaluated for impairment | 10,612 | 9,652 |
Allowance for loan losses | 10,717 | 9,770 |
Consumer and other [Member] | ||
Loans, Allowance for Loan Losses [Line Items] | ||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 |
Allowance for loan losses, collectively evaluated for impairment | 79 | 76 |
Allowance for loan losses | $ 79 | $ 76 |
Loans and Allowance for Loan_11
Loans and Allowance for Loan Losses Schedule of Loans by Impairment Method (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans, Allowance for Loan Losses [Line Items] | ||
Loans, individually evaluated for impairment | $ 1,846 | $ 622 |
Loans, collectively evaluated for impairment | 1,601,128 | 1,511,643 |
Loans | 1,602,974 | 1,512,265 |
Commercial [Member] | ||
Loans, Allowance for Loan Losses [Line Items] | ||
Loans, individually evaluated for impairment | 930 | 0 |
Loans, collectively evaluated for impairment | 315,537 | 347,482 |
Loans | 316,467 | 347,482 |
Construction, land and land development [Member] | ||
Loans, Allowance for Loan Losses [Line Items] | ||
Loans, individually evaluated for impairment | 0 | 0 |
Loans, collectively evaluated for impairment | 204,891 | 207,451 |
Loans | 204,891 | 207,451 |
1-4 family residential first mortgages [Member] | ||
Loans, Allowance for Loan Losses [Line Items] | ||
Loans, individually evaluated for impairment | 110 | 91 |
Loans, collectively evaluated for impairment | 49,301 | 50,953 |
Loans | 49,411 | 51,044 |
Home equity [Member] | ||
Loans, Allowance for Loan Losses [Line Items] | ||
Loans, individually evaluated for impairment | 14 | 193 |
Loans, collectively evaluated for impairment | 14,089 | 13,618 |
Loans | 14,103 | 13,811 |
Commercial real estate [Member] | ||
Loans, Allowance for Loan Losses [Line Items] | ||
Loans, individually evaluated for impairment | 792 | 338 |
Loans, collectively evaluated for impairment | 1,011,017 | 885,776 |
Loans | 1,011,809 | 886,114 |
Consumer and other [Member] | ||
Loans, Allowance for Loan Losses [Line Items] | ||
Loans, individually evaluated for impairment | 0 | 0 |
Loans, collectively evaluated for impairment | 6,293 | 6,363 |
Loans | $ 6,293 | $ 6,363 |
Loans and Allowance for Loan_12
Loans and Allowance for Loan Losses Narrative (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Real estate [Member] | ||
Loans Receivable [Line Items] | ||
Loans pledged as collateral | $ 800,000 | $ 810,000 |
Derivatives (Details)
Derivatives (Details) - Cash Flow Hedging [Member] - USD ($) $ in Thousands | 12 Months Ended | |||
Sep. 30, 2019 | Dec. 31, 2015 | Sep. 30, 2018 | Dec. 31, 2017 | |
Interest rate swap due September 21, 2020 [Member] | Designated as Hedging Instrument [Member] | ||||
Derivative [Line Items] | ||||
Derivative, notional amount | $ 30,000 | $ 30,000 | ||
Receive rate | 2.66% | 1.95% | ||
Pay rate | 2.52% | 2.52% | ||
Interest rate swap due September 30, 2026 [Member] | Designated as Hedging Instrument [Member] | ||||
Derivative [Line Items] | ||||
Derivative, notional amount | $ 20,000 | $ 20,000 | ||
Receive rate | 5.45% | 0.00% | ||
Pay rate | 4.81% | 4.81% | ||
Interest rate swap due December 31, 2025 [Member] | Designated as Hedging Instrument [Member] | ||||
Derivative [Line Items] | ||||
Derivative, notional amount | $ 60,000 | |||
Receive rate | 0.00% | |||
Pay rate | 2.31% | |||
Terminated interest rate swap [Member] | ||||
Derivative [Line Items] | ||||
Derivative termination fee paid | $ 541 | |||
Terminated interest rate swap [Member] | Designated as Hedging Instrument [Member] | ||||
Derivative [Line Items] | ||||
Derivative, notional amount | $ 70,000 | |||
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | ||||
Derivative [Line Items] | ||||
Derivative, notional amount | $ 50,000 | |||
Collateral posted | 0 | $ 210 | ||
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Counterparties [Member] | ||||
Derivative [Line Items] | ||||
Collateral posted | 4,440 | 980 | ||
Other Liabilities [Member] | Interest rate swap due September 21, 2020 [Member] | Designated as Hedging Instrument [Member] | ||||
Derivative [Line Items] | ||||
Interest rate cash flow hedge liability at fair value | (86) | |||
Other Assets [Member] | Interest rate swap due September 21, 2020 [Member] | Designated as Hedging Instrument [Member] | ||||
Derivative [Line Items] | ||||
Interest rate cash flow hedge asset at fair value | 414 | |||
Other Assets [Member] | Interest rate swap due September 30, 2026 [Member] | Designated as Hedging Instrument [Member] | ||||
Derivative [Line Items] | ||||
Interest rate cash flow hedge asset at fair value | 1,851 | $ 895 | ||
Other Assets [Member] | Interest rate swap due December 31, 2025 [Member] | Designated as Hedging Instrument [Member] | ||||
Derivative [Line Items] | ||||
Interest rate cash flow hedge asset at fair value | $ 2,082 | |||
Scenario, Forecast [Member] | Designated as Hedging Instrument [Member] | ||||
Derivative [Line Items] | ||||
Derivative instruments, gain (loss) reclassification from AOCI to interest expense, estimated net amount to be transferred | $ 43 | |||
Scenario, Forecast [Member] | Terminated interest rate swap [Member] | Designated as Hedging Instrument [Member] | ||||
Derivative [Line Items] | ||||
Derivative instruments, gain (loss) reclassification from AOCI to interest expense, estimated net amount to be transferred | $ 95 |
Derivatives Pre-Tax Gains (Loss
Derivatives Pre-Tax Gains (Losses) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Unrealized gain (loss) on interest rate cash flow hedges, pre-tax, accumulated other comprehensive income (loss) | $ 964 | $ (29) | $ 3,512 | $ (376) |
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Unrealized gain (loss) on interest rate cash flow hedges, pre-tax, accumulated other comprehensive income (loss) | 3,512 | (376) | ||
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Interest Expense [Member] | Cash Flow Hedging [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Cash flow hedge gain (loss) reclassified to interest expense, net | $ (96) | $ (321) |
Deferred Income Taxes Schedule
Deferred Income Taxes Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Components of Deferred Tax Assets and Liabilities [Abstract] | ||
Deferred tax assets, allowance for loan losses | $ 4,168 | $ 4,108 |
Deferred tax assets, net unrealized losses on available-for-sale securities | 3,890 | 902 |
Deferred tax assets, intangibles | 0 | 101 |
Deferred tax assets, accrued expenses | 305 | 176 |
Deferred tax assets, restricted stock compensation | 519 | 544 |
Deferred tax assets, state net operating loss carryforward | 1,496 | 1,379 |
Deferred tax assets, other | 72 | 86 |
Deferred tax assets, gross | 10,450 | 7,296 |
Deferred tax liabilities, net deferred loan fees and costs | 182 | 193 |
Deferred tax liabilities, net unrealized gains on interest rate swaps | 1,044 | 139 |
Deferred tax liabilities, premises and equipment | 690 | 792 |
Deferred tax liabilities, other | 137 | 148 |
Deferred tax liabilities, gross | 2,053 | 1,272 |
Net deferred tax assets before valuation allowance | 8,397 | 6,024 |
Valuation allowance | (1,496) | (1,379) |
Net deferred tax assets | $ 6,901 | $ 4,645 |
Deferred Income Taxes Operating
Deferred Income Taxes Operating Loss Carryforwards (Details) | 9 Months Ended |
Sep. 30, 2018 | |
Minimum [Member] | |
Operating Loss Carryforwards [Line Items] | |
State net operating loss carryforwards, expiration date | Dec. 31, 2019 |
Comprehensive Income Changes in
Comprehensive Income Changes in Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Accumulated Other Comprehensive Income, Changes [Roll Forward] | ||||
Accumulated other comprehensive income (loss), balance beg. of period | $ (1,892) | |||
Held to maturity securities, transferred to available for sale securities, unrealized gain (loss) | 273 | |||
Other comprehensive income (loss), net of tax | $ (2,346) | $ (916) | (6,252) | $ 1,114 |
Accumulated other comprehensive income (loss), balance end of period | (8,514) | (8,514) | ||
Unrealized gains (losses) on securities [Member] | ||||
Accumulated Other Comprehensive Income, Changes [Roll Forward] | ||||
Accumulated other comprehensive income (loss), balance beg. of period | (2,237) | (1,172) | ||
Held to maturity securities, transferred to available for sale securities, unrealized gain (loss) | 273 | |||
Other comprehensive income (loss) before reclassifications, net of tax | (9,281) | 1,556 | ||
Amounts reclassified from accumulated other comprehensive income, net of tax. | 53 | (408) | ||
Other comprehensive income (loss), net of tax | (8,955) | 1,148 | ||
Reclassification of stranded tax effects | (475) | |||
Accumulated other comprehensive income (loss), balance end of period | (11,667) | (24) | (11,667) | (24) |
Unrealized gains (losses) on derivatives [Member] | ||||
Accumulated Other Comprehensive Income, Changes [Roll Forward] | ||||
Accumulated other comprehensive income (loss), balance beg. of period | 345 | 130 | ||
Held to maturity securities, transferred to available for sale securities, unrealized gain (loss) | 0 | |||
Other comprehensive income (loss) before reclassifications, net of tax | 2,634 | (233) | ||
Amounts reclassified from accumulated other comprehensive income, net of tax. | 69 | 199 | ||
Other comprehensive income (loss), net of tax | 2,703 | (34) | ||
Reclassification of stranded tax effects | 105 | |||
Accumulated other comprehensive income (loss), balance end of period | 3,153 | 96 | 3,153 | 96 |
Accumulated other comprehensive income (loss) [Member] | ||||
Accumulated Other Comprehensive Income, Changes [Roll Forward] | ||||
Accumulated other comprehensive income (loss), balance beg. of period | (1,892) | (1,042) | ||
Held to maturity securities, transferred to available for sale securities, unrealized gain (loss) | 273 | |||
Other comprehensive income (loss) before reclassifications, net of tax | (6,647) | 1,323 | ||
Amounts reclassified from accumulated other comprehensive income, net of tax. | 122 | (209) | ||
Other comprehensive income (loss), net of tax | (2,346) | (916) | (6,252) | 1,114 |
Reclassification of stranded tax effects | (370) | |||
Accumulated other comprehensive income (loss), balance end of period | $ (8,514) | $ 72 | $ (8,514) | $ 72 |
Commitments and Contingencies_3
Commitments and Contingencies (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Commitments [Line Items] | ||
Outstanding loan commitments | $ 597,318 | $ 623,945 |
Commitments to extend credit [Member] | ||
Commitments [Line Items] | ||
Outstanding loan commitments | 591,283 | 617,949 |
Standby letters of credit [Member] | ||
Commitments [Line Items] | ||
Outstanding loan commitments | $ 6,035 | $ 5,996 |
Commitments and Contingencies N
Commitments and Contingencies Narrative (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Other Commitments [Line Items] | ||
Present value of credit enhancement fees | $ 16 | |
FHLB MPF program - remaining outstanding balance of loans sold | 82,139 | $ 94,292 |
Commitments to invest in qualified affordable housing projects | 4,672 | $ 6,130 |
Commitments to invest in federal new market tax credit project | $ 5,149 |
Fair Value Measurements Recurri
Fair Value Measurements Recurring Basis by Level (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | $ 470,331 | $ 444,219 |
Fair Value, measurements, recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, interest rate swap | 4,347 | 895 |
Derivative liability, interest rate swap | 86 | |
Fair Value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, interest rate swap | 0 | 0 |
Derivative liability, interest rate swap | 0 | |
Fair Value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, interest rate swap | 4,347 | 895 |
Derivative liability, interest rate swap | 86 | |
Fair Value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Derivative asset, interest rate swap | 0 | 0 |
Derivative liability, interest rate swap | 0 | |
State and political subdivisions | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 155,774 | 146,313 |
State and political subdivisions | Fair Value, measurements, recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 155,774 | 146,313 |
State and political subdivisions | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 0 | 0 |
State and political subdivisions | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 155,774 | 146,313 |
State and political subdivisions | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 0 | 0 |
Collateralized mortgage obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 162,645 | 159,932 |
Collateralized mortgage obligations | Fair Value, measurements, recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 162,645 | 159,932 |
Collateralized mortgage obligations | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 0 | 0 |
Collateralized mortgage obligations | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 162,645 | 159,932 |
Collateralized mortgage obligations | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 0 | 0 |
Mortgage-backed securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 60,488 | 60,429 |
Mortgage-backed securities | Fair Value, measurements, recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 60,488 | 60,429 |
Mortgage-backed securities | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 0 | 0 |
Mortgage-backed securities | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 60,488 | 60,429 |
Mortgage-backed securities | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 0 | 0 |
Asset-backed securities | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 38,771 | 45,195 |
Asset-backed securities | Fair Value, measurements, recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 38,771 | 45,195 |
Asset-backed securities | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 0 | 0 |
Asset-backed securities | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 38,771 | 45,195 |
Asset-backed securities | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 0 | 0 |
Trust preferred security | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 2,000 | 2,006 |
Trust preferred security | Fair Value, measurements, recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 2,000 | 2,006 |
Trust preferred security | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 0 | 0 |
Trust preferred security | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 2,000 | 2,006 |
Trust preferred security | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 0 | 0 |
Corporate notes | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 50,653 | 30,344 |
Corporate notes | Fair Value, measurements, recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 50,653 | 30,344 |
Corporate notes | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 0 | 0 |
Corporate notes | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | 50,653 | 30,344 |
Corporate notes | Fair Value, measurements, recurring [Member] | Fair value, inputs, level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities available for sale, at fair value | $ 0 | $ 0 |
Fair Value Measurements Nonrecu
Fair Value Measurements Nonrecurring Basis by Level (Details) $ in Thousands | Sep. 30, 2018USD ($) |
Fair value, measurements, nonrecurring [Member] | Fair value, inputs, level 3 [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Collateral dependent impaired loans | $ 0 |
Fair Value Measurements Carryin
Fair Value Measurements Carrying Amounts and Fair Values (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and due from banks | $ 26,406 | $ 34,952 |
Federal funds sold | 876 | 12,997 |
Investment securities available for sale | 470,331 | 444,219 |
Investment securities held to maturity | 0 | 45,527 |
Federal Home Loan Bank stock | 10,061 | 9,174 |
Loans, net | 1,584,144 | 1,494,070 |
Accrued interest receivable | 7,782 | 7,344 |
Deposits | 1,839,292 | 1,810,813 |
Federal funds purchased | 26,245 | 545 |
Federal Home Loan Bank advances, net | 77,501 | 76,382 |
Long-term debt | 17,582 | 22,917 |
Carrying value [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investment securities available for sale | 470,331 | 444,219 |
Carrying value [Member] | Fair value, inputs, level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and due from banks | 26,406 | 34,952 |
Federal funds sold | 876 | 12,997 |
Federal Home Loan Bank stock | 10,061 | 9,174 |
Accrued interest receivable | 7,782 | 7,344 |
Federal funds purchased | 26,245 | 545 |
Accrued interest payable | 1,050 | 736 |
Carrying value [Member] | Fair value, inputs, level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investment securities held to maturity | 0 | 45,527 |
Loans, net | 1,584,144 | 1,494,070 |
Derivative asset, interest rate swap | 4,347 | 895 |
Deposits | 1,839,292 | 1,810,813 |
Subordinated notes, net | 20,422 | 20,412 |
Federal Home Loan Bank advances, net | 77,501 | 76,382 |
Long-term debt | 17,582 | 22,917 |
Interest rate swap | 0 | 86 |
Carrying value [Member] | Fair value, inputs, level 3 [Member] | Commitments to extend credit | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value disclosure, off-balance sheet risks, Face Amount, Liability | 0 | 0 |
Carrying value [Member] | Fair value, inputs, level 3 [Member] | Standby letters of credit | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value disclosure, off-balance sheet risks, Face Amount, Liability | 0 | 0 |
Approximate fair value [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investment securities available for sale | 470,331 | 444,219 |
Approximate fair value [Member] | Fair value, inputs, level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Cash and due from banks | 26,406 | 34,952 |
Federal funds sold | 876 | 12,997 |
Federal Home Loan Bank stock | 10,061 | 9,174 |
Accrued interest receivable | 7,782 | 7,344 |
Federal funds purchased | 26,245 | 545 |
Accrued interest payable | 1,050 | 736 |
Approximate fair value [Member] | Fair value, inputs, level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investment securities held to maturity | 0 | 45,890 |
Loans, net | 1,553,283 | 1,490,166 |
Derivative asset, interest rate swap | 4,347 | 895 |
Deposits | 1,838,548 | 1,810,924 |
Subordinated notes, net | 16,277 | 15,357 |
Federal Home Loan Bank advances, net | 77,501 | 76,382 |
Long-term debt | 17,537 | 22,860 |
Interest rate swap | 0 | 86 |
Approximate fair value [Member] | Fair value, inputs, level 3 [Member] | Commitments to extend credit | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value disclosure, off-balance sheet risks, Face Amount, Liability | 0 | 0 |
Approximate fair value [Member] | Fair value, inputs, level 3 [Member] | Standby letters of credit | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value disclosure, off-balance sheet risks, Face Amount, Liability | $ 0 | $ 0 |
Fair Value Measurements Fair Va
Fair Value Measurements Fair Value Measurements Narratives (Details) | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Fair Value Disclosures [Abstract] | |
Transfers between levels, fair value disclosure | $ 0 |