Document and Entity Information
Document and Entity Information | 3 Months Ended |
Mar. 31, 2019shares | |
Document And Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2019 |
Document Fiscal Year Focus | 2019 |
Document Fiscal Period Focus | Q1 |
Entity Registrant Name | Community Bankers Trust Corp |
Entity Central Index Key | 0001323648 |
Current Fiscal Year End Date | --12-31 |
Entity Filer Category | Accelerated Filer |
Entity Small Business | true |
Entity Emerging Growth Company | false |
Entity Common Stock, Shares Outstanding | 22,168,979 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
ASSETS | ||
Cash and due from banks | $ 16,809 | $ 18,292 |
Interest bearing bank deposits | 18,757 | 15,927 |
Federal funds sold | 240 | |
Total cash and cash equivalents | 35,806 | 34,219 |
Securities available for sale, at fair value | 200,094 | 206,726 |
Securities held to maturity, at cost (fair value of $42,045 and $42,253, respectively) | 41,458 | 42,108 |
Equity securities, restricted, at cost | 8,426 | 7,800 |
Total securities | 249,978 | 256,634 |
Loans held for sale | 396 | 146 |
Loans | 997,982 | 993,705 |
Purchased credit impaired (PCI) loans | 36,803 | 38,285 |
Total loans | 1,034,785 | 1,031,990 |
Allowance for loan losses (loans of $8,661 and $8,983, respectively; PCI loans of $156 and $156, respectively) | (8,817) | (9,139) |
Net loans | 1,025,968 | 1,022,851 |
Bank premises and equipment, net | 31,142 | 31,488 |
Bank premises and equipment held for sale | 1,252 | 1,252 |
Leased assets | 7,177 | |
Other real estate owned | 1,225 | 1,099 |
Bank owned life insurance | 29,015 | 28,834 |
Other assets | 16,538 | 16,627 |
Total assets | 1,398,497 | 1,393,150 |
Deposits: | ||
Noninterest bearing | 165,708 | 165,086 |
Interest bearing | 1,002,415 | 999,889 |
Total deposits | 1,168,123 | 1,164,975 |
Federal funds purchased | 19,440 | |
Federal Home Loan Bank borrowings | 69,072 | 59,447 |
Trust preferred capital notes | 4,124 | 4,124 |
Lease liabilities | 7,418 | |
Other liabilities | 7,452 | 7,703 |
Total liabilities | 1,256,189 | 1,255,689 |
SHAREHOLDERS' EQUITY | ||
Common stock (200,000,000 shares authorized, $0.01 par value; 22,168,979 and 22,132,304 shares issued and outstanding, respectively) | 222 | 221 |
Additional paid in capital | 149,115 | 148,763 |
Retained deficit | (7,406) | (10,244) |
Accumulated other comprehensive income (loss) | 377 | (1,279) |
Total shareholders' equity | 142,308 | 137,461 |
Total liabilities and shareholders' equity | $ 1,398,497 | $ 1,393,150 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Statement Of Financial Position [Abstract] | ||
Securities held to maturity | $ 42,045 | $ 42,253 |
Allowance for loan losses, loans | 8,661 | 8,983 |
Allowance for loan losses, PCI loans | $ 156 | $ 156 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares issued | 22,168,979 | 22,132,304 |
Common stock, shares outstanding | 22,168,979 | 22,132,304 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Interest and dividend income | ||
Interest and fees on loans | $ 12,419 | $ 10,876 |
Interest and fees on PCI loans | 1,293 | 1,398 |
Interest on deposits in other banks | 96 | 40 |
Interest and dividends on securities | ||
Taxable | 1,522 | 1,186 |
Nontaxable | 476 | 579 |
Total interest and dividend income | 15,806 | 14,079 |
Interest expense | ||
Interest on deposits | 3,234 | 2,143 |
Interest on borrowed funds | 447 | 469 |
Total interest expense | 3,681 | 2,612 |
Net interest income | 12,125 | 11,467 |
Net interest income after provision for loan losses | 12,125 | 11,467 |
Noninterest income | ||
Service charges and fees | 609 | 581 |
(Loss) gain on securities transactions, net | (14) | 30 |
Income on bank owned life insurance | 181 | 183 |
Mortgage loan income | 62 | 111 |
Other | 176 | 128 |
Total noninterest income | 1,014 | 1,033 |
Noninterest expense | ||
Salaries and employee benefits | 5,381 | 5,849 |
Occupancy expenses | 930 | 812 |
Equipment expenses | 381 | 314 |
FDIC assessment | 150 | 206 |
Data processing fees | 568 | 486 |
Other real estate expense, net | (8) | 50 |
Other operating expenses | 1,438 | 1,649 |
Total noninterest expense | 8,840 | 9,366 |
Income before income taxes | 4,299 | 3,134 |
Income tax expense | 796 | 540 |
Net income | $ 3,503 | $ 2,594 |
Net income per share - basic | $ 0.16 | $ 0.12 |
Net income per share - diluted | 0.16 | $ 0.12 |
Dividends declared per common share | $ 0.03 | |
Weighted average number of shares outstanding | ||
Basic | 22,141 | 22,076 |
Diluted | 22,430 | 22,521 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Statement of Comprehensive Income [Abstract] | ||
Net income | $ 3,503 | $ 2,594 |
Other comprehensive income (loss): | ||
Change in unrealized gain (loss) on investment securities | 2,204 | (2,488) |
Tax related to unrealized (gain) loss on investment securities | (485) | 548 |
Reclassification adjustment for loss (gain) on securities sold | 14 | (30) |
Tax related to realized (loss) gain on securities sold | (3) | 7 |
Cash flow hedge: | ||
Change in unrealized (loss) gain on cash flow hedge | (94) | 186 |
Tax related to cash flow hedge | 20 | (40) |
Total other comprehensive income (loss) | 1,656 | (1,817) |
Total comprehensive income | $ 5,159 | $ 777 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY - USD ($) shares in Thousands, $ in Thousands | Common Stock [Member] | Additional Paid in Capital [Member] | Retained Deficit [Member] | Accumulated Other Comprehensive Income [Member] | Total |
Beginning Balance at Dec. 31, 2017 | $ 221 | $ 147,671 | $ (23,932) | $ 43 | $ 124,003 |
Beginning Balance, shares at Dec. 31, 2017 | 22,073 | ||||
Issuance of common stock | 39 | 39 | |||
Issuance of common stock, shares | 4 | ||||
Exercise and issuance of employee stock options | 225 | 225 | |||
Exercise and issuance of employee stock options, Shares | 7 | ||||
Net income | 2,594 | 2,594 | |||
Other comprehensive income (loss) | (1,817) | (1,817) | |||
Ending Balance at Mar. 31, 2018 | $ 221 | 147,935 | (21,338) | (1,774) | 125,044 |
Ending Balance, shares at Mar. 31, 2018 | 22,084 | ||||
Beginning Balance at Dec. 31, 2018 | $ 221 | 148,763 | (10,244) | (1,279) | 137,461 |
Beginning Balance, shares at Dec. 31, 2018 | 22,132 | ||||
Issuance of common stock | 54 | 54 | |||
Issuance of common stock, shares | 6 | ||||
Exercise and issuance of employee stock options | $ 1 | 298 | 299 | ||
Exercise and issuance of employee stock options, Shares | 31 | ||||
Net income | 3,503 | 3,503 | |||
Dividends paid on common stock | (665) | (665) | |||
Other comprehensive income (loss) | 1,656 | 1,656 | |||
Ending Balance at Mar. 31, 2019 | $ 222 | $ 149,115 | $ (7,406) | $ 377 | $ 142,308 |
Ending Balance, shares at Mar. 31, 2019 | 22,169 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Operating activities: | ||
Net income | $ 3,503 | $ 2,594 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and intangibles amortization | 545 | 459 |
Leased asset amortization | 231 | |
Stock-based compensation expense | 266 | 234 |
Tax benefit of exercised stock options | (31) | (10) |
Amortization of purchased loan premium | 60 | 54 |
Amortization of security premiums and accretion of discounts, net | 281 | 443 |
Net loss (gain) on sale of securities | 14 | (30) |
Net gain on sale and valuation of other real estate owned | (50) | |
Originations of mortgages held for sale | (1,976) | (872) |
Proceeds from sales of mortgages held for sale | 1,726 | 872 |
Increase in bank owned life insurance investment | (181) | (184) |
Changes in assets and liabilities: | ||
Increase in other assets | (366) | (182) |
(Decrease) increase in accrued expenses and other liabilities | (58) | 673 |
Net cash provided by operating activities | 3,964 | 4,051 |
Investing activities: | ||
Proceeds from sales/ calls/ maturities/ paydowns of available for sale securities | 19,264 | 9,363 |
Proceeds from calls/ maturities/ paydowns of held to maturity securities | 626 | 1,584 |
Proceeds from sales of restricted equity securities | 17 | |
Purchase of available for sale securities | (10,682) | (9,596) |
Purchase of restricted equity securities | (626) | (78) |
Proceeds from sale of other real estate owned | 316 | 21 |
Net increase in loans | (4,351) | (20,708) |
Principal recoveries of loans previously charged off | 77 | 83 |
Purchase of premises and equipment, net | (199) | (548) |
Purchase small business investment company fund investment | (262) | (210) |
Proceeds from sale of loans | 705 | |
Net cash provided by (used in) investing activities | 4,868 | (20,072) |
Financing activities: | ||
Net increase in deposits | 3,148 | 556 |
Net (decrease) increase in federal funds purchased | (19,440) | 15,151 |
Net increase in short-term Federal Home Loan Bank borrowings | 10,000 | 5,000 |
Payments on long-term Federal Home Loan Bank borrowings | (375) | (5,368) |
Proceeds from issuance of common stock | 87 | 30 |
Cash dividends paid | (665) | |
Net cash (used in) provided by financing activities | (7,245) | 15,369 |
Net increase (decrease) in cash and cash equivalents | 1,587 | (652) |
Cash and cash equivalents: | ||
Beginning of the period | 34,219 | 21,958 |
End of the period | 35,806 | 21,306 |
Supplemental disclosures of cash flow information: | ||
Interest paid | 3,512 | 2,638 |
Income taxes paid | 439 | |
Transfers of loans to other real estate owned | $ 392 | 396 |
Transfers of building premises and equipment to held for sale | $ 525 |
Nature of Banking Activities an
Nature of Banking Activities and Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2019 | |
Nature of Banking Activities and Significant Accounting Policies [Abstract] | |
Nature of Banking Activities and Significant Accounting Policies | Note 1. Nature of Banking Activities and Significant Accounting Policies Organization Community Bankers Trust Corporation (the “Company”) is headquartered in Richmond, Virginia and is the holding company for Essex Bank (the “Bank”), a Virginia state bank with 2 6 full-service offices and two loan production offices in Virginia and Maryland. The Bank engages in a general commercial banking business and provides a wide range of financial services primarily to individuals, small businesses and larger commercial companies, including individual and commercial demand and time deposit accounts, commercial and industrial loans, consumer and small business loans, real estate and mortgage loans, investment services, on-line and mobile banking products, and cash management services. Financial Statements The consolidated statements presented include accounts of the Company and the Bank, its wholly-owned subsidiary. All material intercompany balances and transactions have been eliminated. The statements should be read in conjunction with the Company’s consolidated financial statements and the accompanying notes to consolidated financial statements included in the Company’s Annual Report on Form 10‑K for the year ended December 31, 2018. The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles (GAAP) and to the general practices within the banking industry. The interim financial statements have not been audited; however, in the opinion of management, all adjustments, consisting of normal accruals, were made that are necessary to present fairly the balance sheet of the Company as of March 31, 2019, the statements of income and comprehensive income, changes in shareholders’ equity, and cash flows for the three months ended March 31, 2019. Results for the three month period ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. The financial information contained within the statements is, to a significant extent, financial information that is based on measures of the financial effects of transactions and events that have already occurred. A variety of factors could affect the ultimate value that is obtained when either earning income, recognizing an expense, recovering an asset or relieving a liability. The Company uses historical loss factors as one factor in determining the inherent loss that may be present in its loan portfolio. Actual losses could differ significantly from the historical factors that the Company uses. In addition, GAAP itself may change from one previously acceptable method to another method. Although the economics of the Company’s transactions would be the same, the timing of events that would impact its transactions could change. In preparing these financial statements, the Company has evaluated subsequent events and transactions for potential recognition or disclosure through the date the financial statements were issued. Certain reclassifications have been made to prior period balances to conform to the current year presentations. Such reclassifications had no impact on net income or shareholders’ equity. |
Securities
Securities | 3 Months Ended |
Mar. 31, 2019 | |
Securities [Abstract] | |
Securities | Note 2. Securities Amortized costs and fair values of securities available for sale and held to maturity at March 31, 2019 and December 31, 2018 were as follows ( dollars in thousands): March 31, 2019 Gross Unrealized Amortized Cost Gains Losses Fair Value Securities Available for Sale U.S. Treasury issue $ 11,982 $ — $ (234) $ 11,748 U.S. Government agencies 23,949 76 (177) 23,848 State, county and municipal 110,171 2,011 (250) 111,932 Mortgage backed securities 41,342 397 (446) 41,293 Asset backed securities 5,222 51 (3) 5,270 Corporate bonds 6,002 23 (22) 6,003 Total Securities Available for Sale $ 198,668 $ 2,558 $ (1,132) $ 200,094 Securities Held to Maturity U.S. Government agencies $ 10,000 $ — $ (141) $ 9,859 State, county and municipal 31,458 740 (12) 32,186 Total Securities Held to Maturity $ 41,458 $ 740 $ (153) $ 42,045 December 31, 2018 Gross Unrealized Amortized Cost Gains Losses Fair Value Securities Available for Sale U.S. Treasury issue $ 13,460 $ — $ (336) $ 13,124 U.S. Government agencies 24,689 71 (151) 24,609 State, county and municipal 112,465 1,018 (941) 112,542 Mortgage backed securities 46,877 196 (656) 46,417 Asset backed securities 5,342 73 (4) 5,411 Corporate bonds 4,685 — (62) 4,623 Total Securities Available for Sale $ 207,518 $ 1,358 $ (2,150) $ 206,726 Securities Held to Maturity U.S. Government agencies $ 10,000 $ — $ (210) $ 9,790 State, county and municipal 32,108 419 (64) 32,463 Total Securities Held to Maturity $ 42,108 $ 419 $ (274) $ 42,253 The amortized cost and fair value of securities at March 31, 2019 by final contractual maturity are shown below. Expected maturities may differ from final contractual maturities because issuers may have the right to call or prepay obligations without any penalties. Held to Maturity Available for Sale (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 14,104 $ 13,984 $ 14,097 $ 14,136 Due after one year through five years 13,930 14,220 81,687 81,854 Due after five years through ten years 11,661 12,030 84,400 85,374 Due after ten years 1,763 1,811 18,484 18,730 Total securities $ 41,458 $ 42,045 $ 198,668 $ 200,094 Proceeds from sales of securities available for sale were $16.8 million and $7.0 million during the three months ended March 31, 2019 and 2018, respectively. Gains and losses on the sale of securities are determined using the specific identification method. Gross realized gains and losses on sales of securities available for sale during the three months ended March 31, 2019 and 2018 were as follows (dollars in thousands) : Three months ended March 31, 2019 March 31, 2018 Gross realized gains $ 53 $ 42 Gross realized losses (67) (12) Net securities (loss) gain $ (14) $ 30 In estimating other than temporary impairment (OTTI) losses, management considers the length of time and the extent to which the fair value has been less than cost, the financial condition and short-term prospects for the issuer, and the intent and ability of management to hold its investment for a period of time to allow a recovery in fair value. There were no investments held that had OTTI losses for the three months ended March 31, 2019 and 2018. The fair value and gross unrealized losses for securities, segregated by the length of time that individual securities have been in a continuous gross unrealized loss position, at March 31, 2019 and December 31, 2018 were as follows (dollars in thousands): March 31, 2019 Less than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available for Sale U.S. Treasury issue $ — $ — $ 11,747 $ (234) $ 11,747 $ (234) U.S. Government agencies 7,957 (53) 5,222 (124) 13,179 (177) State, county and municipal — — 19,525 (250) 19,525 (250) Mortgage backed securities 8,439 (76) 15,021 (370) 23,460 (446) Asset backed securities 515 (1) 233 (2) 748 (3) Corporate bonds 738 (12) 240 (10) 978 (22) Total $ 17,649 $ (142) $ 51,988 $ (990) $ 69,637 $ (1,132) Securities Held to Maturity U.S. Government agencies $ — $ — $ 9,859 $ (141) $ 9,859 $ (141) State, county and municipal — — 1,630 (12) 1,630 (12) Total $ — $ — $ 11,489 $ (153) $ 11,489 $ (153) December 31, 2018 Less than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available for Sale U.S. Treasury issue $ 1,480 $ (1) $ 11,644 $ (335) $ 13,124 $ (336) U.S. Government agencies 6,959 (47) 5,155 (104) 12,114 (151) State, county and municipal 7,918 (81) 34,540 (860) 42,458 (941) Mortgage backed securities 11,513 (94) 15,811 (562) 27,324 (656) Asset backed securities 537 (1) 294 (3) 831 (4) Corporate bonds 3,661 (47) 236 (15) 3,897 (62) Total $ 32,068 $ (271) $ 67,680 $ (1,879) $ 99,748 $ (2,150) Securities Held to Maturity U.S. Government agencies $ — $ — $ 9,790 $ (210) $ 9,790 $ (210) State, county and municipal 2,452 (20) 3,985 (44) 6,437 (64) Total $ 2,452 $ (20) $ 13,775 $ (254) $ 16,227 $ (274) The unrealized losses (impairments) in the investment portfolio at March 31, 2019 and December 31, 2018 are generally a result of market fluctuations of interest rates that occur daily. Interest rates increased consistently across the United States Treasury security yield curve during 2018, thereby increasing unrealized losses on securities. Likewise, these interest rates consistently decreased during the first quarter of 2019, thereby decreasing unrealized losses on the Company’s securities. The unrealized losses are from 90 securities at March 31, 2019. Of those, 85 are investment grade, have U.S. government agency guarantees, or are backed by the full faith and credit of local municipalities throughout the United States. Three investment grade asset-backed securities comprised of student loan pools included in corporate obligations and two corporate bonds make up the remaining securities with unrealized losses at March 31, 2019. The Company considers the reason for impairment, length of impairment, and ability and intent to hold until the full value is recovered in determining if the impairment is temporary in nature. Based on this analysis, the Company has determined these impairments to be temporary in nature. The Company does not intend to sell, and it is more likely than not that the Company will not be required to sell, these securities until they recover in value or reach maturity. Market prices are affected by conditions beyond the control of the Company. Investment decisions are made by the management group of the Company and reflect the overall liquidity and strategic asset/liability objectives of the Company. Management analyzes the securities portfolio frequently and manages the portfolio to provide an overall positive impact to the Company’s income statement and balance sheet. Securities with amortized costs of $54.0 million and $56.0 million at March 31, 2019 and December 31, 2018, respectively, were pledged to secure public deposits as required or permitted by law. Securities with amortized costs of $7.0 million at each of March 31, 2019 and December 31, 2018 were pledged to secure lines of credit at the Federal Reserve discount window. At each of March 31, 2019 and December 31, 2018, there were no securities purchased from a single issuer, other than U.S. Treasury issue and other U.S. Government agencies that comprised more than 10% of the consolidated shareholders’ equity. |
Loans and Related Allowance for
Loans and Related Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2019 | |
Loans and Related Allowance for Loan Losses [Abstract] | |
Loans and Related Allowance for Loan Losses | Note 3. Loans and Related Allowance for Loan Losses The Company’s loans, net of deferred fees and costs, at March 31, 2019 and December 31, 2018 were comprised of the following (dollars in thousands): March 31, 2019 December 31, 2018 Amount % of Loans Amount % of Loans Mortgage loans on real estate: Residential 1‑4 family $ 215,348 21.58 % $ 216,268 21.77 % Commercial 379,112 37.99 379,904 38.23 Construction and land development 123,475 12.37 120,413 12.12 Second mortgages 6,966 0.70 6,778 0.68 Multifamily 57,931 5.81 59,557 5.99 Agriculture 10,780 1.08 8,370 0.84 Total real estate loans 793,612 79.53 791,290 79.63 Commercial loans 190,832 19.12 188,722 18.99 Consumer installment loans 11,923 1.19 12,048 1.21 All other loans 1,615 0.16 1,645 0.17 Total loans $ 997,982 100.00 % $ 993,705 100.00 % The Company held $17.0 and $17.4 million in balances of loans guaranteed by the United States Department of Agriculture (USDA), which are included in various categories in the table above, at March 31, 2019 and December 31, 2018, respectively. As these loans are 100% guaranteed by the USDA, no loan loss allowance is required. These loan balances included a purchase premium of $1. 2 million at each of March 31, 2019 and December 31, 2018, respectively. The purchase premium is amortized as an adjustment of the related loan yield on a straight line basis, which is substantially equivalent to the results obtained using the effective interest method. At March 31, 2019 and December 31, 2018, the Company’s allowance for loan losses was comprised of the following: (i) a specific valuation component calculated in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 310, Receivables, (ii) a general valuation component calculated in accordance with FASB ASC 450, Contingencies , based on historical loan loss experience, current economic conditions and other qualitative risk factors, and (iii) an unallocated component to cover uncertainties that could affect management’s estimate of probable losses. Management identified loans subject to impairment in accordance with ASC 310. The following table summarizes information related to impaired loans as of March 31, 2019 (dollars in thousands): Three months ended March 31, 2019 March 31, 2019 Unpaid Recorded Principal Related Average Interest Investment (1) Balance (2) Allowance Investment Recognized With no related allowance recorded: Mortgage loans on real estate: Residential 1‑4 family $ 1,546 $ 1,881 $ — $ 1,555 $ 11 Commercial 3,368 4,055 — 3,435 35 Multifamily 2,552 2,552 — 2,555 — Total real estate loans 7,466 8,488 — 7,545 46 Subtotal impaired loans with no valuation allowance 7,466 8,488 — 7,545 46 With an allowance recorded: Mortgage loans on real estate: Residential 1‑4 family 2,004 2,421 378 2,067 20 Commercial 736 1,231 87 1,143 4 Construction and land development 4,101 5,372 685 4,336 — Total real estate loans 6,841 9,024 1,150 7,546 24 Commercial loans 2,331 2,574 1,060 2,157 9 Consumer installment loans 6 6 1 3 — Subtotal impaired loans with a valuation allowance 9,178 11,604 2,211 9,706 33 Total: Mortgage loans on real estate: Residential 1‑4 family 3,550 4,302 378 3,622 31 Commercial 4,104 5,286 87 4,578 39 Construction and land development 4,101 5,372 685 4,336 — Multifamily 2,552 2,552 — 2,555 — Total real estate loans 14,307 17,512 1,150 15,091 70 Commercial loans 2,331 2,574 1,060 2,157 9 Consumer installment loans 6 6 1 3 — Total impaired loans $ 16,644 $ 20,092 $ 2,211 $ 17,251 $ 79 (1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment. (2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs or valuation allowances. The following table summarizes information related to impaired loans as of December 31, 2018 and the three months ended March 31, 2018 (dollars in thousands): Three months ended December 31, 2018 March 31, 2018 Unpaid Recorded Principal Related Average Interest Investment (1) Balance (2) Allowance Investment Recognized With no related allowance recorded: Mortgage loans on real estate: Residential 1‑4 family $ 1,563 $ 1,890 $ — $ 1,888 $ 7 Commercial 3,502 4,176 — 3,844 37 Construction and land development — — — 208 — Multifamily 2,559 2,559 — — — Total real estate loans 7,624 8,625 — 5,940 44 Commercial loans — — — 1,043 — Subtotal impaired loans with no valuation allowance 7,624 8,625 — 6,983 44 With an allowance recorded: Mortgage loans on real estate: Residential 1‑4 family 2,131 2,538 349 2,234 19 Commercial 1,550 2,034 482 525 2 Construction and land development 4,571 5,840 515 4,707 — Agriculture — — — 68 — Total real estate loans 8,252 10,412 1,346 7,534 21 Commercial loans 1,983 1,991 900 287 1 Consumer installment loans — — — 5 — Subtotal impaired loans with a valuation allowance 10,235 12,403 2,246 7,826 22 Total: Mortgage loans on real estate: Residential 1‑4 family 3,694 4,428 349 4,122 26 Commercial 5,052 6,210 482 4,369 39 Construction and land development 4,571 5,840 515 4,915 — Multifamily 2,559 2,559 — — — Agriculture — — — 68 — Total real estate loans 15,876 19,037 1,346 13,474 65 Commercial loans 1,983 1,991 900 1,330 1 Consumer installment loans — — — 5 — Total impaired loans $ 17,859 $ 21,028 $ 2,246 $ 14,809 $ 66 (1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment. (2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs or valuation allowances. Troubled debt restructures still accruing interest are loans that management expects to ultimately collect all principal and interest due, but not under the terms of the original contract. A reconciliation of impaired loans to nonaccrual loans at March 31, 2019 and December 31, 2018, is set forth in the table below (dollars in thousands): March 31, 2019 December 31, 2018 Nonaccruals $ 10,990 $ 9,500 Trouble debt restructure and still accruing 5,654 8,359 Total impaired $ 16,644 $ 17,859 Interest income on nonaccrual loans, if recognized, is recorded using the cash basis method of accounting. There was an insignificant amount of cash basis income recognized during the three months ended March 31, 2019 and 2018. For the three months ended March 31, 2019 and 2018, estimated interest income of $223,000 and $160,000, respectively, would have been recorded if all such loans had been accruing interest according to their original contractual terms. There were no loans greater than 90 days past due and still accruing interest at each of March 31, 2019 and December 31, 2018. The following tables present an age analysis of past due status of loans by category as of March 31, 2019 and December 31, 2018 (dollars in thousands): March 31, 2019 30‑89 Days Total Past Total Loans Past Due Nonaccrual Due Current Receivable Mortgage loans on real estate: Residential 1‑4 family $ 1,371 $ 1,133 $ 2,504 $ 212,844 $ 215,348 Commercial 876 1,299 2,175 376,937 379,112 Construction and land development — 4,101 4,101 119,374 123,475 Second mortgages 10 — 10 6,956 6,966 Multifamily — 2,552 2,552 55,379 57,931 Agriculture — — — 10,780 10,780 Total real estate loans 2,257 9,085 11,342 782,270 793,612 Commercial loans 16 1,899 1,915 188,917 190,832 Consumer installment loans 32 6 38 11,885 11,923 All other loans — — — 1,615 1,615 Total loans $ 2,305 $ 10,990 $ 13,295 $ 984,687 $ 997,982 December 31, 2018 30‑89 Days Total Past Total Loans Past Due Nonaccrual Due Current Receivable Mortgage loans on real estate: Residential 1‑4 family $ 495 $ 1,257 $ 1,752 $ 214,516 $ 216,268 Commercial 551 2,123 2,674 377,230 379,904 Construction and land development 59 4,571 4,630 115,783 120,413 Second mortgages — — — 6,778 6,778 Multifamily 2,559 — 2,559 56,998 59,557 Agriculture — — — 8,370 8,370 Total real estate loans 3,664 7,951 11,615 779,675 791,290 Commercial loans 80 1,549 1,629 187,093 188,722 Consumer installment loans 10 — 10 12,038 12,048 All other loans — — — 1,645 1,645 Total loans $ 3,754 $ 9,500 $ 13,254 $ 980,451 $ 993,705 Activity in the allowance for loan losses on loans by segment for the three months ended March 31, 2019 and 2018 is presented in the following tables (dollars in thousands): Three Months Ended March 31, 2019 Provision December 31, 2018 Allocation Charge-offs Recoveries March 31, 2019 Mortgage loans on real estate: Residential 1‑4 family $ 2,281 $ 855 $ — $ 203 $ 3,339 Commercial 1,810 (32) (277) 7 1,508 Construction and land development 1,161 43 (12) 18 1,210 Second mortgages 20 40 — 2 62 Multifamily 371 (10) — — 361 Agriculture 17 6 — — 23 Total real estate loans 5,660 902 (289) 230 6,503 Commercial loans 1,894 291 (229) 2 1,958 Consumer installment loans 152 72 (60) 24 188 All other loans 12 (6) — — 6 Unallocated 1,265 (1,259) — — 6 Total loans $ 8,983 $ — $ (578) $ 256 $ 8,661 Three Months Ended March 31, 2018 Provision December 31, 2017 Allocation Charge-offs Recoveries March 31, 2018 Mortgage loans on real estate: Residential 1‑4 family $ 3,466 $ (366) $ — $ 15 $ 3,115 Commercial 2,423 184 — 13 2,620 Construction and land development 1,247 364 — 1 1,612 Second mortgages 24 9 — 1 34 Multifamily 496 (298) — — 198 Agriculture 14 19 — — 33 Total real estate loans 7,670 (88) — 30 7,612 Commercial loans 1,139 (152) (39) 14 962 Consumer installment loans 110 8 (45) 39 112 All other loans 3 7 — — 10 Unallocated 47 225 — — 272 Total loans $ 8,969 $ — $ (84) $ 83 $ 8,968 The following tables present information on the loans evaluated for impairment in the allowance for loan losses as of March 31, 2019 and December 31, 2018 (dollars in thousands): March 31, 2019 Allowance for Loan Losses Recorded Investment in Loans Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for Impairment Impairment Total Impairment Impairment Total Mortgage loans on real estate: Residential 1‑4 family $ 378 $ 2,961 $ 3,339 $ 3,550 $ 211,798 $ 215,348 Commercial 87 1,421 1,508 4,104 375,008 379,112 Construction and land development 685 525 1,210 4,101 119,374 123,475 Second mortgages — 62 62 — 6,966 6,966 Multifamily — 361 361 2,552 55,379 57,931 Agriculture — 23 23 — 10,780 10,780 Total real estate loans 1,150 5,353 6,503 14,307 779,305 793,612 Commercial loans 1,060 898 1,958 2,331 188,501 190,832 Consumer installment loans 1 187 188 6 11,917 11,923 All other loans — 6 6 — 1,615 1,615 Unallocated — 6 6 — — — Total loans $ 2,211 $ 6,450 $ 8,661 $ 16,644 $ 981,338 $ 997,982 December 31, 2018 Allowance for Loan Losses Recorded Investment in Loans Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for Impairment Impairment Total Impairment Impairment Total Mortgage loans on real estate: Residential 1‑4 family $ 349 $ 1,932 $ 2,281 $ 3,694 $ 212,574 $ 216,268 Commercial 482 1,328 1,810 5,052 374,852 379,904 Construction and land development 515 646 1,161 4,571 115,842 120,413 Second mortgages — 20 20 — 6,778 6,778 Multifamily — 371 371 2,559 56,998 59,557 Agriculture — 17 17 — 8,370 8,370 Total real estate loans 1,346 4,314 5,660 15,876 775,414 791,290 Commercial loans 900 994 1,894 1,983 186,739 188,722 Consumer installment loans — 152 152 — 12,048 12,048 All other loans — 12 12 — 1,645 1,645 Unallocated — 1,265 1,265 — — — Total loans $ 2,246 $ 6,737 $ 8,983 $ 17,859 $ 975,846 $ 993,705 Loans are monitored for credit quality on a recurring basis. These credit quality indicators are defined as follows: Pass - A pass loan is not adversely classified, as it does not display any of the characteristics for adverse classification. This category includes purchased loans that are 100% guaranteed by U.S. Government agencies of $17.0 million and $17.4 million at March 31, 2019 and December 31, 2018, respectively. Special Mention - A special mention loan has potential weaknesses that deserve management’s close attention. If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention loans are not adversely classified and do not warrant adverse classification. Substandard - A substandard loan is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as substandard generally have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These loans are characterized by the distinct possibility of loss if the deficiencies are not corrected. Doubtful - A doubtful loan has all the weaknesses inherent in a loan classified as substandard with the added characteristics that the weaknesses make collection or liquidation in full, highly questionable and improbable, on the basis of currently existing facts, conditions, and values. The possibility of loss is extremely high. The following tables present the composition of loans by credit quality indicator at March 31, 2019 and December 31, 2018 (dollars in thousands): March 31, 2019 Pass Special Substandard Doubtful Total Mortgage loans on real estate: Residential 1‑4 family $ 210,128 $ 4,087 $ 1,133 $ — $ 215,348 Commercial 371,044 5,291 2,777 — 379,112 Construction and land development 119,168 206 4,101 — 123,475 Second mortgages 6,646 320 — — 6,966 Multifamily 55,184 195 2,552 — 57,931 Agriculture 10,723 57 — — 10,780 Total real estate loans 772,893 10,156 10,563 — 793,612 Commercial loans 185,418 2,186 3,228 — 190,832 Consumer installment loans 11,914 3 6 — 11,923 All other loans 1,615 — — — 1,615 Total loans $ 971,840 $ 12,345 $ 13,797 $ — $ 997,982 December 31, 2018 Pass Special Substandard Doubtful Total Mortgage loans on real estate: Residential 1‑4 family $ 211,832 $ 3,179 $ 1,257 $ — $ 216,268 Commercial 372,745 3,551 3,608 — 379,904 Construction and land development 115,650 192 4,571 — 120,413 Second mortgages 6,686 92 — — 6,778 Multifamily 56,802 196 2,559 — 59,557 Agriculture 8,312 58 — — 8,370 Total real estate loans 772,027 7,268 11,995 — 791,290 Commercial loans 184,004 1,798 2,920 — 188,722 Consumer installment loans 12,042 6 — — 12,048 All other loans 1,645 — — — 1,645 Total loans $ 969,718 $ 9,072 $ 14,915 $ — $ 993,705 In accordance with FASB Accounting Standards Update (ASU) 2011‑02, Receivables (Topic 310): A Creditor’s Determination of Whether a Restructuring is a Troubled Debt Restructuring, the Company assesses all loan modifications to determine whether they are considered troubled debt restructurings (TDRs) under the guidance. The Company had 25 and 23 loans that met the definition of a TDR at March 31, 2019 and 2018, respectively. The Company had no loan modifications considered to be TDRs during the three months ended March 31, 2019 and 2018. A loan is considered to be in default if it is 90 days or more past due. During the three months ended March 31, 2019, one loan that had been restructured during the previous 12 months went into default. This multifamily real estate loan had a recorded investment of $2.6 million. There were no TDRs that had been restructured during the previous 12 months that resulted in default during the three months ended March 31, 2018. In the determination of the allowance for loan losses, management considers TDRs and subsequent defaults in these restructures by reviewing for impairment in accordance with FASB ASC 310‑10‑35, Receivables, Subsequent Measurement . At March 31, 2019, the Company had 1‑4 family mortgages in the amount of $111. 9 million pledged as collateral to the Federal Home Loan Bank for a total borrowing capacity of $91. 4 million. |
PCI Loans and Related Allowance
PCI Loans and Related Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2019 | |
PCI Loans and Related Allowance for Loan Losses [Abstract] | |
PCI Loans and Related Allowance for Loan Losses | Note 4. PCI Loans and Related Allowance for Loan Losses On January 30, 2009, the Company entered into a Purchase and Assumption Agreement with the Federal Deposit Insurance Corporation (FDIC) to assume all of the deposits and certain other liabilities and acquire substantially all assets of Suburban Federal Savings Bank (SFSB). The Company is applying the provisions of FASB ASC 310‑30, Loans and Debt Securities Acquired with Deteriorated Credit Quality , to all loans acquired in the SFSB transaction (the “PCI loans”). Of the total $198.3 million in loans acquired, $49.1 million met the criteria of FASB ASC 310‑30. These loans, consisting mainly of construction loans, were deemed impaired at the acquisition date. The remaining $149.1 million of loans acquired, comprised mainly of residential 1‑4 family, were analogized to meet the criteria of FASB ASC 310‑30. Analysis of this portfolio revealed that SFSB utilized weak underwriting and documentation standards, which led the Company to believe that significant losses were probable given the economic environment at the time. As of March 31, 2019 and December 31, 2018, the outstanding contractual balance of the PCI loans was $59.8 million and $62.2 million, respectively. The carrying amount, by loan type, as of these dates is as follows (dollars in thousands): March 31, 2019 December 31, 2018 % of PCI % of PCI Amount Loans Amount Loans Mortgage loans on real estate: Residential 1‑4 family $ 32,860 89.29 % $ 34,240 89.43 % Commercial 733 1.99 746 1.95 Construction and land development 1,301 3.54 1,326 3.46 Second mortgages 1,668 4.53 1,729 4.52 Multifamily 241 0.65 244 0.64 Total real estate loans 36,803 100.00 38,285 100.00 Total PCI loans $ 36,803 100.00 % $ 38,285 100.00 % There was no activity in the allowance for loan losses on PCI loans for the three months ended March 31, 2019 and 2018. The following table presents information on the PCI loans collectively evaluated for impairment in the allowance for loan losses at March 31, 2019 and December 31, 2018 (dollars in thousands): March 31, 2019 December 31, 2018 Allowance Recorded Recorded for loan investment in Allowance for investment in losses loans loan losses loans Mortgage loans on real estate: Residential 1‑4 family $ 156 $ 32,860 $ 156 $ 34,240 Commercial — 733 — 746 Construction and land development — 1,301 — 1,326 Second mortgages — 1,668 — 1,729 Multifamily — 241 — 244 Total real estate loans 156 36,803 156 38,285 Total PCI loans $ 156 $ 36,803 $ 156 $ 38,285 The change in the accretable yield balance for the three months ended March 31, 2019 and the year ended December 31, 2018 , is as follows (dollars in thousands): Balance, January 1, 2018 $ 44,126 Accretion (5,219) Reclassification to nonaccretable difference (800) Balance, December 31, 2018 $ 38,107 Accretion (1,290) Reclassification from nonaccretable difference 1,027 Balance, March 31, 2019 $ 37,844 The PCI loans were not classified as nonperforming assets as of March 31, 2019, as the loans are accounted for on a pooled basis, and interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all PCI loans. |
Other Real Estate Owned
Other Real Estate Owned | 3 Months Ended |
Mar. 31, 2019 | |
Other Real Estate Owned [Abstract] | |
Other Real Estate Owned | Note 5. Other Real Estate Owned The following table presents the balances of other real estate owned at March 31, 2019 and December 31, 2018 (dollars in thousands): March 31, 2019 December 31, 2018 Residential 1‑4 family $ 455 $ 314 Commercial — 15 Construction and land development 770 770 Total other real estate owned $ 1,225 $ 1,099 At March 31, 2019, the Company had $ 469,000 in residential 1‑4 family loans and PCI loans that were in the process of foreclosure. |
Deposits
Deposits | 3 Months Ended |
Mar. 31, 2019 | |
Deposits [Abstract] | |
Deposits | Note 6. Deposits The following table provides interest bearing deposit information, by type, at March 31, 2019 and December 31, 2018 (dollars in thousands): March 31, 2019 December 31, 2018 NOW $ 151,647 $ 165,946 MMDA 123,024 126,933 Savings 94,229 92,910 Time deposits less than or equal to $250,000 499,698 485,155 Time deposits over $250,000 133,817 128,945 Total interest bearing deposits $ 1,002,415 $ 999,889 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive (Loss) Income | 3 Months Ended |
Mar. 31, 2019 | |
Accumulated Other Comprehensive (Loss) Income [Abstract] | |
Accumulated Other Comprehensive (Loss) Income | Note 7. Accumulated Other Comprehensive Income (Loss) The following tables present activity net of tax in accumulated other comprehensive income (loss) (AOCI) for the three months ended March 31, 2019 and 2018 (dollars in thousands): Three months ended March 31, 2019 Unrealized Defined Gain (Loss) on Total Other Gain (Loss) on Benefit Cash Flow Comprehensive Securities Pension Plan Hedge Income (Loss) Beginning balance $ (618) $ (857) $ 196 $ (1,279) Other comprehensive income before reclassifications 1,719 — (74) 1,645 Amounts reclassified from AOCI 11 — — 11 Net current period other comprehensive income 1,730 — (74) 1,656 Ending balance $ 1,112 $ (857) $ 122 $ 377 Three months ended March 31, 2018 Unrealized Defined Gain (Loss) on Total Other Gain (Loss) on Benefit Cash Flow Comprehensive Securities Pension Plan Hedge Income (Loss) Beginning balance $ 954 $ (1,048) $ 137 $ 43 Other comprehensive loss before reclassifications (1,940) — 146 (1,794) Amounts reclassified from AOCI (23) — — (23) Net current period other comprehensive loss (1,963) — 146 (1,817) Ending balance $ (1,009) $ (1,048) $ 283 $ (1,774) The following table presents the effects of reclassifications out of AOCI on line items of consolidated income for the three months ended March 31, 2019 and 2018 (dollars in thousands): Affected Line Item in the Unaudited Consolidated Details about AOCI Components Amount Reclassified from AOCI Statement of Income Three months ended March 31, 2019 March 31, 2018 Securities available for sale: Unrealized losses (gains) on securities available for sale $ 14 $ (30) Loss (gain) on securities transactions, net Related tax expense (3) 7 Income tax expense $ 11 $ (23) Net of tax |
Fair Values of Assets and Liabi
Fair Values of Assets and Liabilities | 3 Months Ended |
Mar. 31, 2019 | |
Fair Values of Assets and Liabilities [Abstract] | |
Fair Values of Assets and Liabilities | Note 8. Fair Values of Assets and Liabilities FASB ASC 820, Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. FASB ASC 820 requires that valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs and also establishes a fair value hierarchy that prioritizes the valuation inputs into three broad levels. The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: · Level 1—Valuation is based upon quoted prices for identical instruments traded in active markets. · Level 2—Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. · Level 3—Valuation is determined using model-based techniques with significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of third party pricing services, option pricing models, discounted cash flow models and similar techniques. FASB ASC 825, Financial Instruments , allows an entity the irrevocable option to elect fair value for the initial and subsequent measurement for certain financial assets and liabilities on a contract-by-contract basis. The Company has not made any material FASB ASC 825 elections as of March 31, 2019. Assets and Liabilities Recorded at Fair Value on a Recurring Basis The Company utilizes fair value measurements to record adjustments to certain assets to determine fair value disclosures. Securities available for sale, loans held for sale, and the cash flow hedge are recorded at fair value on a recurring basis. The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis (dollars in thousands): March 31, 2019 Total Level 1 Level 2 Level 3 Investment securities available for sale U.S. Treasury issue $ 11,748 $ — $ 11,748 $ — U.S. Government agencies 23,848 1,027 22,821 — State, county and municipal 111,932 3,685 108,247 — Mortgage backed securities 41,293 — 41,293 — Asset backed securities 5,270 — 5,270 — Corporate bonds 6,003 — 6,003 — Total investment securities available for sale 200,094 4,712 195,382 — Cash flow hedge 159 — 159 — Total assets at fair value $ 200,253 $ 4,712 $ 195,541 $ — Total liabilities at fair value $ — $ — $ — $ — December 31, 2018 Total Level 1 Level 2 Level 3 Investment securities available for sale U.S. Treasury issue $ 13,124 $ 1,479 $ 11,645 $ — U.S. Government agencies 24,609 2,178 22,431 — State, county and municipal 112,542 2,644 109,898 — Mortgage backed securities 46,417 3,496 42,921 — Asset backed securities 5,411 — 5,411 — Corporate bonds 4,623 — 4,623 — Total investment securities available for sale 206,726 9,797 196,929 — Cash flow hedge 253 — 253 — Total assets at fair value $ 206,979 $ 9,797 $ 197,182 $ — Total liabilities at fair value $ — $ — $ — $ — Investment securities available for sale Investment securities available for sale are recorded at fair value each reporting period. Fair value measurement is based upon quoted prices, if available (Level 1). If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions (Level 2). The Company utilizes a third party vendor to provide fair value data for purposes of determining the fair value of its available for sale securities portfolio. The third party vendor uses reputable pricing companies for security market data. The third party vendor has controls in place for month-to-month market checks and zero pricing, and a Statement on Standards for Attestation Engagements No. 18 report is obtained from the third party vendor on an annual basis. The Company makes no adjustments to the pricing service data received for its securities available for sale. Cash flow hedge The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis The Company is also required to measure and recognize certain other financial assets at fair value on a nonrecurring basis on the consolidated balance sheet. The following tables present assets measured at fair value on a nonrecurring basis as of March 31, 2019 and December 31, 2018 (dollars in thousands): March 31, 2019 Total Level 1 Level 2 Level 3 Impaired loans $ 8,297 $ — $ — $ 8,297 Loans held for sale 396 — 396 — Bank premises and equipment held for sale 1,252 — — 1,252 Other real estate owned 1,225 — — 1,225 Total assets at fair value $ 11,170 $ — $ 396 $ 10,774 Total liabilities at fair value $ — $ — $ — $ — December 31, 2018 Total Level 1 Level 2 Level 3 Impaired loans $ 9,343 $ — $ — $ 9,343 Loans held for sale 146 — 146 — Bank premises and equipment held for sale 1,252 — — 1,252 Other real estate owned 1,099 — — 1,099 Total assets at fair value $ 11,840 $ — $ 146 $ 11,694 Total liabilities at fair value $ — $ — $ — $ — Impaired loans Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures the impairment in accordance with FASB ASC 310, Receivables . The fair value of impaired loans is estimated using one of several methods, including collateral value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceeds the recorded investments in such loans. At March 31, 2019 and December 31, 2018, a majority of total impaired loans were evaluated based on the fair value of the collateral. The Company frequently obtains appraisals prepared by external professional appraisers for classified loans greater than $250,000 when the most recent appraisal is greater than 18 months old and deemed to be stale or invalid. The Company may also utilize internally prepared estimates that generally result from current market data and actual sales data related to the Company’s collateral. When the fair value of the collateral is based on an observable market price or a current appraised value without further adjustment for unobservable inputs, the Company records the impaired loan within Level 2. The Company may also identify collateral deterioration based on current market sales data, including price and absorption, as well as input from real estate sales professionals and developers, county or city tax assessments, market data and on-site inspections by Company personnel. When management determines that the fair value of the collateral is further impaired below the appraised value, due to such things as absorption rates and market conditions, and there is no observable market price, the Company records the impaired loan as nonrecurring Level 3. In instances where an appraisal received subsequent to an internally prepared estimate reflects a higher collateral value, management does not revise the carrying amount. Impaired loans can also be evaluated for impairment using the present value of expected future cash flows discounted at the loan’s effective interest rate. The measurement of impaired loans using future cash flows discounted at the loan’s effective interest rate rather than the market rate of interest is not a fair value measurement and is therefore excluded from fair value disclosure requirements. Reviews of classified loans are performed by management on a quarterly basis. Loans held for sale The carrying amounts of loans held for sale approximate fair value (Level 2). Bank premises and equipment held for sale The fair value of bank premises and equipment held for sale was determined using the adjusted appraisal methodology described in the other real estate owned (OREO) asset section below. Other real estate owned OREO assets are adjusted to fair value less estimated disposal costs upon transfer of the related loans to OREO, establishing a new cost basis. Subsequent to the transfer, valuations are periodically performed by management and the assets are carried at the lower of carrying value or fair value less estimated disposal costs. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the foreclosed asset within Level 2. When an appraised value is not available or management determines that the fair value of the collateral is further impaired below the appraised value due to such things as absorption rates and market conditions, the Company records the foreclosed asset within Level 3 of the fair value hierarchy. Fair Value of Financial Instruments FASB ASC 825, Financial Instruments , requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring or nonrecurring basis. FASB ASC 825 excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. Additionally, in accordance with FASB ASU 2016-01, the Company uses the exit price notion, rather than the entry price notion, in calculating fair values of financial instruments not measured at fair value on a recurring basis. The following reflects the fair value of financial instruments, whether or not recognized on the consolidated balance sheet, at fair value measures by level of valuation assumptions used for those assets. These tables exclude financial instruments for which the carrying value approximates fair value (dollars in thousands): March 31, 2019 Estimated Fair Carrying Value Value Level 1 Level 2 Level 3 Financial assets: Securities held to maturity $ 41,458 $ 42,045 $ — $ 42,045 $ — Loans, net of allowance 989,321 979,084 — — 979,084 PCI loans, net of allowance 36,647 42,232 — — 42,232 Financial liabilities: Interest bearing deposits 1,002,415 1,000,919 — 1,000,919 — Borrowings 73,196 73,073 — 73,073 — December 31, 2018 Estimated Fair Carrying Value Value Level 1 Level 2 Level 3 Financial assets: Securities held to maturity $ 42,108 $ 42,253 $ — $ 42,253 $ — Loans, net of allowance 984,722 978,778 — — 978,778 PCI loans, net of allowance 38,129 42,674 — — 42,674 Financial liabilities: Interest bearing deposits 999,889 997,714 — 997,714 — Borrowings 63,571 63,393 — 63,393 — |
Earnings Per Common Share
Earnings Per Common Share | 3 Months Ended |
Mar. 31, 2019 | |
Earnings Per Common Share [Abstract] | |
Earnings Per Common Share | Note 9. Earnings Per Common Share Basic earnings per common share (EPS) is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the weighted average number of common shares outstanding during the period, including the effect of all potentially dilutive common shares outstanding attributable to stock instruments. The following table presents basic and diluted EPS for the three months ended March 31, 2019 and 2018 (dollars and shares in thousands, except per share data): Weighted Average Net Income Common Shares Per Common (Numerator) (Denominator) Share Amount For the three months ended March 31, 2019 Basic EPS $ 3,503 22,141 $ 0.16 Effect of dilutive stock awards — 289 — Diluted EPS $ 3,503 22,430 $ 0.16 For the three months ended March 31, 2018 Basic EPS $ 2,594 22,076 $ 0.12 Effect of dilutive stock awards — 445 — Diluted EPS $ 2,594 22,521 $ 0.12 Antidilutive common shares issuable under awards or options of 585,000 and 279,000 were excluded from the computation of diluted earnings per common share for the three months ended March 31, 2019 and 2018, respectively. |
Employee Benefit Plan
Employee Benefit Plan | 3 Months Ended |
Mar. 31, 2019 | |
Employee Benefit Plan [Abstract] | |
Employee Benefit Plan | Note 10. Employee Benefit Plan The Company adopted the Bank of Essex noncontributory, defined benefit pension plan for all full-time pre-merger Bank of Essex employees over 21 years of age. Benefits are generally based upon years of service and the employees’ compensation. The Company funds pension costs in accordance with the funding provisions of the Employee Retirement Income Security Act. The Company froze the plan benefits for all the defined benefit plan participants effective December 31, 2010. The following table provides the components of net periodic benefit cost for the plan included in salaries and employee benefits in the consolidated statement of income for the three months ended March 31, 2019 and 2018 (dollars in thousands): Three months ended March 31, 2019 March 31, 2018 Interest cost $ 40 $ 39 Expected return on plan assets (53) (59) Amortization of prior service cost 1 1 Recognized net loss due to settlement 13 — Recognized net actuarial loss 12 15 Net periodic benefit income $ 13 $ (4) |
Cash Flow Hedge
Cash Flow Hedge | 3 Months Ended |
Mar. 31, 2019 | |
Cash Flow Hedge [Abstract] | |
Cash Flow Hedge | Note 11. Cash Flow Hedge On November 7, 2014, the Company entered into an interest rate swap with a total notional amount of $30 million. The Company designated the swap as a cash flow hedge intended to protect against the variability in the expected future cash flows on the designated variable rate borrowings. The swap hedges the interest rate risk, wherein the Company will receive an interest rate based on the three month LIBOR from the counterparty and pays an interest rate of 1.69% to the same counterparty calculated on the notional amount for a term of five years. The Company intends to sequentially issue a series of three month fixed rate debt as part of a planned roll-over of short term debt for five years. The forecasted funding will be provided through one of the following wholesale funding sources: a new FHLB advance, a new repurchase agreement, or a pool of brokered CDs, based on whichever market offers the most advantageous pricing at the time that pricing is first initially determined for the effective date of the swap and each reset period thereafter. Each quarter when the Company rolls over the three month debt, it will decide at that time which funding source to use for that quarterly period. The swap was entered into with a counterparty that met the Company’s credit standards, and the agreement contains collateral provisions protecting the at-risk party. The Company believes that the credit risk inherent in the contract is not significant. The Company had $0 of cash pledged as collateral for each of the periods ended March 31, 2019 and December 31, 2018, respectively. Amounts receivable or payable are recognized as accrued under the terms of the agreements. In accordance with FASB ASC 815, Derivatives and Hedging , the Company has designated the swap as a cash flow hedge, with the effective portions of the derivatives’ unrealized gains or losses recorded as a component of other comprehensive income. The ineffective portions of the unrealized gains or losses, if any, would be recorded in other operating expense. The Company has assessed the effectiveness of each hedging relationship by comparing the changes in cash flows on the designated hedged item. The Company’s cash flow hedge was deemed to be effective for the three months ended March 31, 2019 and 2018. The fair value of the Company’s cash flow hedge was an unrealized gain of $159,000 and $253,000 at March 31, 2019 and December 31, 2018, respectively, and was recorded in other assets. The gain was recorded as a component of other comprehensive income (loss) net of associated tax effects. |
Revenue Recognition
Revenue Recognition | 3 Months Ended |
Mar. 31, 2019 | |
Revenue from Contract with Customer [Abstract] | |
Revenue Recognition | Note 12. Revenue Recognition On January 1, 2018, the Company adopted FASB ASU 2014‑09, Revenue from Contracts with Customers (Topic 606), and all subsequent ASUs that modified Topic 606. The implementation of the new standard did not have a material impact on the measurement or recognition of revenue; as such, a cumulative effect adjustment to opening retained earnings was not deemed necessary. Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain noninterest income streams such as fees associated with mortgage servicing rights, financial guarantees, derivatives, and certain credit card fees are also not in scope of the new guidance. Topic 606 is applicable to noninterest revenue streams such as deposit related fees, interchange fees, merchant income, and brokerage fees and commissions. However, the recognition of these revenue streams did not change significantly upon adoption of Topic 606. Substantially all of the Company’s revenue is generated from contracts with customers. Noninterest revenue streams in-scope of Topic 606 are discussed below. Service charges on deposit accounts The Company earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which include services such as stop payment charges, statement rendering, and ACH fees, are recognized at the time the transaction is executed as that is the point in time the Company fulfills the customer’s request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer’s account balance. Interchange and ATM fees The Company earns interchange and ATM fees from debit/credit cardholder transactions conducted through the Visa and ATM payment networks. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. Because the Company acts as an agent and does not control the services rendered to the customers, related costs are netted against the fee income. These costs were included in other operating expenses prior to the adoption of Topic 606. Brokerage fees and commissions Brokerage fees and commissions consist of other recurring revenue streams such as commissions from sales of mutual funds and other investments to customers by a third-party service provider and investment advisor fees. The Company receives commissions from the third-party service provider on a monthly basis based upon customer activity for the month. The investment advisor fees are charged to the customer’s account in advance on the first month of the quarter, and the revenue is recognized over the following three-month period. The following table presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three months ended March 31, 2019 and 2018 (dollars in thousands): Three months ended March 31, 2019 March 31, 2018 Noninterest income In-scope of Topic 606: Service charges on deposit accounts $ 410 $ 391 Interchange and ATM fees 199 190 Brokerage fees and commissions 96 61 Noninterest income (in-scope of Topic 606) 705 642 Noninterest income (out-of-scope of Topic 606) 309 391 Total noninterest income $ 1,014 $ 1,033 |
Leases
Leases | 3 Months Ended |
Mar. 31, 2019 | |
Leases [Abstract] | |
Leases | Note 13. Leases On January 1, 2019, the Company adopted FASB ASU 2016-02, Leases (Topic 842), as it relates to its non-cancellable operating leases and subleases of bank premises . The guidance was implemented using the modified retrospective transition approach at the date of adoption with no cumulative effect adjustment to opening retained earnings and no material impact on the measurement of operating lease costs. Prior period amounts were not adjusted and continue to be reported in accordance with the Company’s historic accounting policies, resulting in a balance sheet presentation that is not comparable to the prior period in the first year of adoption. The Company elected the practical expedient package, which allowed it to not reassess (1) whether expired or existing contracts are or contain a lease, (2) the lease classification of expired or existing leases, and (3) the initial direct costs for any existing leases. The Company also elected the practical expedient to use hindsight in determining the lease term for existing leases, thereby including renewal options that the Company is reasonably certain will be exercised in the lease term. The adoption of this ASU resulted in the recognition of operating lease assets of $7.4 million and lease liabilities of $7.6 million at January 1, 2019. The Company's leases have lease terms between five years and twenty years, with the longest lease term having an expiration date in 2038. Most of these leases include one or more renewal options for five years or less. At lease commencement, the Company assesses whether it is reasonably certain to exercise a renewal option by considering various economic factors. Options that are reasonably certain of being exercised are factored into the determination of the lease term, and related payments are included in the calculation of the right-of-use asset and lease liability. The Company uses its incremental borrowing rate to calculate the present value of lease payments when the interest rate implicit in a lease is not disclosed. None of the Company’s current leases contain variable lease payment terms. The Company accounts for associated non-lease components separately. The following table presents operating lease liabilities as of March 31, 2019 (dollars in thousands): Gross lease liability $ 10,190 Less: imputed interest (2,772) Present value of lease liability $ 7,418 The weighted average remaining lease term and weighted average discount rate for operating leases at March 31, 2019 was 12.1 years and 4.54%, respectively. Maturities of the gross operating lease liability at March 31, 2019 are as follows (dollars in thousands): 2019 $ 912 2020 1,231 2021 1,191 2022 600 2023 630 Thereafter 5,626 Total of future payments $ 10,190 Operating lease costs and sublease rental income for the period ended March 31, 2019 were $330,000 and $27,000, respectively. Rental expense and sublease rental income under operating lease agreements for the period ended March 31, 2018 was $341,000 and $27,000, respectively. |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Securities [Abstract] | |
Amortized Costs and Fair Values of Securities Available for Sale and Held to Maturity | Amortized costs and fair values of securities available for sale and held to maturity at March 31, 2019 and December 31, 2018 were as follows ( dollars in thousands): March 31, 2019 Gross Unrealized Amortized Cost Gains Losses Fair Value Securities Available for Sale U.S. Treasury issue $ 11,982 $ — $ (234) $ 11,748 U.S. Government agencies 23,949 76 (177) 23,848 State, county and municipal 110,171 2,011 (250) 111,932 Mortgage backed securities 41,342 397 (446) 41,293 Asset backed securities 5,222 51 (3) 5,270 Corporate bonds 6,002 23 (22) 6,003 Total Securities Available for Sale $ 198,668 $ 2,558 $ (1,132) $ 200,094 Securities Held to Maturity U.S. Government agencies $ 10,000 $ — $ (141) $ 9,859 State, county and municipal 31,458 740 (12) 32,186 Total Securities Held to Maturity $ 41,458 $ 740 $ (153) $ 42,045 December 31, 2018 Gross Unrealized Amortized Cost Gains Losses Fair Value Securities Available for Sale U.S. Treasury issue $ 13,460 $ — $ (336) $ 13,124 U.S. Government agencies 24,689 71 (151) 24,609 State, county and municipal 112,465 1,018 (941) 112,542 Mortgage backed securities 46,877 196 (656) 46,417 Asset backed securities 5,342 73 (4) 5,411 Corporate bonds 4,685 — (62) 4,623 Total Securities Available for Sale $ 207,518 $ 1,358 $ (2,150) $ 206,726 Securities Held to Maturity U.S. Government agencies $ 10,000 $ — $ (210) $ 9,790 State, county and municipal 32,108 419 (64) 32,463 Total Securities Held to Maturity $ 42,108 $ 419 $ (274) $ 42,253 |
Amortized Cost and Fair Value of Securities by Contractual Maturity | Held to Maturity Available for Sale (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 14,104 $ 13,984 $ 14,097 $ 14,136 Due after one year through five years 13,930 14,220 81,687 81,854 Due after five years through ten years 11,661 12,030 84,400 85,374 Due after ten years 1,763 1,811 18,484 18,730 Total securities $ 41,458 $ 42,045 $ 198,668 $ 200,094 |
Summary of Realized Gains and Losses on Sales of Securities | Gross realized gains and losses on sales of securities available for sale during the three months ended March 31, 2019 and 2018 were as follows (dollars in thousands) : Three months ended March 31, 2019 March 31, 2018 Gross realized gains $ 53 $ 42 Gross realized losses (67) (12) Net securities (loss) gain $ (14) $ 30 |
Summary of Fair Value and Gross Unrealized Losses for Securities Available for Sale | The fair value and gross unrealized losses for securities, segregated by the length of time that individual securities have been in a continuous gross unrealized loss position, at March 31, 2019 and December 31, 2018 were as follows (dollars in thousands): March 31, 2019 Less than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available for Sale U.S. Treasury issue $ — $ — $ 11,747 $ (234) $ 11,747 $ (234) U.S. Government agencies 7,957 (53) 5,222 (124) 13,179 (177) State, county and municipal — — 19,525 (250) 19,525 (250) Mortgage backed securities 8,439 (76) 15,021 (370) 23,460 (446) Asset backed securities 515 (1) 233 (2) 748 (3) Corporate bonds 738 (12) 240 (10) 978 (22) Total $ 17,649 $ (142) $ 51,988 $ (990) $ 69,637 $ (1,132) Securities Held to Maturity U.S. Government agencies $ — $ — $ 9,859 $ (141) $ 9,859 $ (141) State, county and municipal — — 1,630 (12) 1,630 (12) Total $ — $ — $ 11,489 $ (153) $ 11,489 $ (153) December 31, 2018 Less than 12 Months 12 Months or More Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Securities Available for Sale U.S. Treasury issue $ 1,480 $ (1) $ 11,644 $ (335) $ 13,124 $ (336) U.S. Government agencies 6,959 (47) 5,155 (104) 12,114 (151) State, county and municipal 7,918 (81) 34,540 (860) 42,458 (941) Mortgage backed securities 11,513 (94) 15,811 (562) 27,324 (656) Asset backed securities 537 (1) 294 (3) 831 (4) Corporate bonds 3,661 (47) 236 (15) 3,897 (62) Total $ 32,068 $ (271) $ 67,680 $ (1,879) $ 99,748 $ (2,150) Securities Held to Maturity U.S. Government agencies $ — $ — $ 9,790 $ (210) $ 9,790 $ (210) State, county and municipal 2,452 (20) 3,985 (44) 6,437 (64) Total $ 2,452 $ (20) $ 13,775 $ (254) $ 16,227 $ (274) |
Loans and Related Allowance f_2
Loans and Related Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Loans and Related Allowance for Loan Losses [Abstract] | |
Summary of Loans | The Company’s loans, net of deferred fees and costs, at March 31, 2019 and December 31, 2018 were comprised of the following (dollars in thousands): March 31, 2019 December 31, 2018 Amount % of Loans Amount % of Loans Mortgage loans on real estate: Residential 1‑4 family $ 215,348 21.58 % $ 216,268 21.77 % Commercial 379,112 37.99 379,904 38.23 Construction and land development 123,475 12.37 120,413 12.12 Second mortgages 6,966 0.70 6,778 0.68 Multifamily 57,931 5.81 59,557 5.99 Agriculture 10,780 1.08 8,370 0.84 Total real estate loans 793,612 79.53 791,290 79.63 Commercial loans 190,832 19.12 188,722 18.99 Consumer installment loans 11,923 1.19 12,048 1.21 All other loans 1,615 0.16 1,645 0.17 Total loans $ 997,982 100.00 % $ 993,705 100.00 % |
Summary of Information Related to Impaired Loans | The following table summarizes information related to impaired loans as of March 31, 2019 (dollars in thousands): Three months ended March 31, 2019 March 31, 2019 Unpaid Recorded Principal Related Average Interest Investment (1) Balance (2) Allowance Investment Recognized With no related allowance recorded: Mortgage loans on real estate: Residential 1‑4 family $ 1,546 $ 1,881 $ — $ 1,555 $ 11 Commercial 3,368 4,055 — 3,435 35 Multifamily 2,552 2,552 — 2,555 — Total real estate loans 7,466 8,488 — 7,545 46 Subtotal impaired loans with no valuation allowance 7,466 8,488 — 7,545 46 With an allowance recorded: Mortgage loans on real estate: Residential 1‑4 family 2,004 2,421 378 2,067 20 Commercial 736 1,231 87 1,143 4 Construction and land development 4,101 5,372 685 4,336 — Total real estate loans 6,841 9,024 1,150 7,546 24 Commercial loans 2,331 2,574 1,060 2,157 9 Consumer installment loans 6 6 1 3 — Subtotal impaired loans with a valuation allowance 9,178 11,604 2,211 9,706 33 Total: Mortgage loans on real estate: Residential 1‑4 family 3,550 4,302 378 3,622 31 Commercial 4,104 5,286 87 4,578 39 Construction and land development 4,101 5,372 685 4,336 — Multifamily 2,552 2,552 — 2,555 — Total real estate loans 14,307 17,512 1,150 15,091 70 Commercial loans 2,331 2,574 1,060 2,157 9 Consumer installment loans 6 6 1 3 — Total impaired loans $ 16,644 $ 20,092 $ 2,211 $ 17,251 $ 79 (1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment. (2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs or valuation allowances. The following table summarizes information related to impaired loans as of December 31, 2018 and the three months ended March 31, 2018 (dollars in thousands): Three months ended December 31, 2018 March 31, 2018 Unpaid Recorded Principal Related Average Interest Investment (1) Balance (2) Allowance Investment Recognized With no related allowance recorded: Mortgage loans on real estate: Residential 1‑4 family $ 1,563 $ 1,890 $ — $ 1,888 $ 7 Commercial 3,502 4,176 — 3,844 37 Construction and land development — — — 208 — Multifamily 2,559 2,559 — — — Total real estate loans 7,624 8,625 — 5,940 44 Commercial loans — — — 1,043 — Subtotal impaired loans with no valuation allowance 7,624 8,625 — 6,983 44 With an allowance recorded: Mortgage loans on real estate: Residential 1‑4 family 2,131 2,538 349 2,234 19 Commercial 1,550 2,034 482 525 2 Construction and land development 4,571 5,840 515 4,707 — Agriculture — — — 68 — Total real estate loans 8,252 10,412 1,346 7,534 21 Commercial loans 1,983 1,991 900 287 1 Consumer installment loans — — — 5 — Subtotal impaired loans with a valuation allowance 10,235 12,403 2,246 7,826 22 Total: Mortgage loans on real estate: Residential 1‑4 family 3,694 4,428 349 4,122 26 Commercial 5,052 6,210 482 4,369 39 Construction and land development 4,571 5,840 515 4,915 — Multifamily 2,559 2,559 — — — Agriculture — — — 68 — Total real estate loans 15,876 19,037 1,346 13,474 65 Commercial loans 1,983 1,991 900 1,330 1 Consumer installment loans — — — 5 — Total impaired loans $ 17,859 $ 21,028 $ 2,246 $ 14,809 $ 66 (1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment. (2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs or valuation allowances. |
Reconciliation of Impaired Loans to Nonaccrual Loans | Troubled debt restructures still accruing interest are loans that management expects to ultimately collect all principal and interest due, but not under the terms of the original contract. A reconciliation of impaired loans to nonaccrual loans at March 31, 2019 and December 31, 2018, is set forth in the table below (dollars in thousands): March 31, 2019 December 31, 2018 Nonaccruals $ 10,990 $ 9,500 Trouble debt restructure and still accruing 5,654 8,359 Total impaired $ 16,644 $ 17,859 |
Age Analysis of Past Due Status of Loans, Excluding PCI Loans | There were no loans greater than 90 days past due and still accruing interest at each of March 31, 2019 and December 31, 2018. The following tables present an age analysis of past due status of loans by category as of March 31, 2019 and December 31, 2018 (dollars in thousands): March 31, 2019 30‑89 Days Total Past Total Loans Past Due Nonaccrual Due Current Receivable Mortgage loans on real estate: Residential 1‑4 family $ 1,371 $ 1,133 $ 2,504 $ 212,844 $ 215,348 Commercial 876 1,299 2,175 376,937 379,112 Construction and land development — 4,101 4,101 119,374 123,475 Second mortgages 10 — 10 6,956 6,966 Multifamily — 2,552 2,552 55,379 57,931 Agriculture — — — 10,780 10,780 Total real estate loans 2,257 9,085 11,342 782,270 793,612 Commercial loans 16 1,899 1,915 188,917 190,832 Consumer installment loans 32 6 38 11,885 11,923 All other loans — — — 1,615 1,615 Total loans $ 2,305 $ 10,990 $ 13,295 $ 984,687 $ 997,982 December 31, 2018 30‑89 Days Total Past Total Loans Past Due Nonaccrual Due Current Receivable Mortgage loans on real estate: Residential 1‑4 family $ 495 $ 1,257 $ 1,752 $ 214,516 $ 216,268 Commercial 551 2,123 2,674 377,230 379,904 Construction and land development 59 4,571 4,630 115,783 120,413 Second mortgages — — — 6,778 6,778 Multifamily 2,559 — 2,559 56,998 59,557 Agriculture — — — 8,370 8,370 Total real estate loans 3,664 7,951 11,615 779,675 791,290 Commercial loans 80 1,549 1,629 187,093 188,722 Consumer installment loans 10 — 10 12,038 12,048 All other loans — — — 1,645 1,645 Total loans $ 3,754 $ 9,500 $ 13,254 $ 980,451 $ 993,705 |
Allowance for Loan Losses on Loans, by Segment | Activity in the allowance for loan losses on loans by segment for the three months ended March 31, 2019 and 2018 is presented in the following tables (dollars in thousands): Three Months Ended March 31, 2019 Provision December 31, 2018 Allocation Charge-offs Recoveries March 31, 2019 Mortgage loans on real estate: Residential 1‑4 family $ 2,281 $ 855 $ — $ 203 $ 3,339 Commercial 1,810 (32) (277) 7 1,508 Construction and land development 1,161 43 (12) 18 1,210 Second mortgages 20 40 — 2 62 Multifamily 371 (10) — — 361 Agriculture 17 6 — — 23 Total real estate loans 5,660 902 (289) 230 6,503 Commercial loans 1,894 291 (229) 2 1,958 Consumer installment loans 152 72 (60) 24 188 All other loans 12 (6) — — 6 Unallocated 1,265 (1,259) — — 6 Total loans $ 8,983 $ — $ (578) $ 256 $ 8,661 Three Months Ended March 31, 2018 Provision December 31, 2017 Allocation Charge-offs Recoveries March 31, 2018 Mortgage loans on real estate: Residential 1‑4 family $ 3,466 $ (366) $ — $ 15 $ 3,115 Commercial 2,423 184 — 13 2,620 Construction and land development 1,247 364 — 1 1,612 Second mortgages 24 9 — 1 34 Multifamily 496 (298) — — 198 Agriculture 14 19 — — 33 Total real estate loans 7,670 (88) — 30 7,612 Commercial loans 1,139 (152) (39) 14 962 Consumer installment loans 110 8 (45) 39 112 All other loans 3 7 — — 10 Unallocated 47 225 — — 272 Total loans $ 8,969 $ — $ (84) $ 83 $ 8,968 |
Loans Evaluated for Impairment | The following tables present information on the loans evaluated for impairment in the allowance for loan losses as of March 31, 2019 and December 31, 2018 (dollars in thousands): March 31, 2019 Allowance for Loan Losses Recorded Investment in Loans Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for Impairment Impairment Total Impairment Impairment Total Mortgage loans on real estate: Residential 1‑4 family $ 378 $ 2,961 $ 3,339 $ 3,550 $ 211,798 $ 215,348 Commercial 87 1,421 1,508 4,104 375,008 379,112 Construction and land development 685 525 1,210 4,101 119,374 123,475 Second mortgages — 62 62 — 6,966 6,966 Multifamily — 361 361 2,552 55,379 57,931 Agriculture — 23 23 — 10,780 10,780 Total real estate loans 1,150 5,353 6,503 14,307 779,305 793,612 Commercial loans 1,060 898 1,958 2,331 188,501 190,832 Consumer installment loans 1 187 188 6 11,917 11,923 All other loans — 6 6 — 1,615 1,615 Unallocated — 6 6 — — — Total loans $ 2,211 $ 6,450 $ 8,661 $ 16,644 $ 981,338 $ 997,982 December 31, 2018 Allowance for Loan Losses Recorded Investment in Loans Individually Collectively Individually Collectively Evaluated for Evaluated for Evaluated for Evaluated for Impairment Impairment Total Impairment Impairment Total Mortgage loans on real estate: Residential 1‑4 family $ 349 $ 1,932 $ 2,281 $ 3,694 $ 212,574 $ 216,268 Commercial 482 1,328 1,810 5,052 374,852 379,904 Construction and land development 515 646 1,161 4,571 115,842 120,413 Second mortgages — 20 20 — 6,778 6,778 Multifamily — 371 371 2,559 56,998 59,557 Agriculture — 17 17 — 8,370 8,370 Total real estate loans 1,346 4,314 5,660 15,876 775,414 791,290 Commercial loans 900 994 1,894 1,983 186,739 188,722 Consumer installment loans — 152 152 — 12,048 12,048 All other loans — 12 12 — 1,645 1,645 Unallocated — 1,265 1,265 — — — Total loans $ 2,246 $ 6,737 $ 8,983 $ 17,859 $ 975,846 $ 993,705 |
Loans, Excluding PCI Loans, by Credit Quality Indicator | The following tables present the composition of loans by credit quality indicator at March 31, 2019 and December 31, 2018 (dollars in thousands): March 31, 2019 Pass Special Substandard Doubtful Total Mortgage loans on real estate: Residential 1‑4 family $ 210,128 $ 4,087 $ 1,133 $ — $ 215,348 Commercial 371,044 5,291 2,777 — 379,112 Construction and land development 119,168 206 4,101 — 123,475 Second mortgages 6,646 320 — — 6,966 Multifamily 55,184 195 2,552 — 57,931 Agriculture 10,723 57 — — 10,780 Total real estate loans 772,893 10,156 10,563 — 793,612 Commercial loans 185,418 2,186 3,228 — 190,832 Consumer installment loans 11,914 3 6 — 11,923 All other loans 1,615 — — — 1,615 Total loans $ 971,840 $ 12,345 $ 13,797 $ — $ 997,982 December 31, 2018 Pass Special Substandard Doubtful Total Mortgage loans on real estate: Residential 1‑4 family $ 211,832 $ 3,179 $ 1,257 $ — $ 216,268 Commercial 372,745 3,551 3,608 — 379,904 Construction and land development 115,650 192 4,571 — 120,413 Second mortgages 6,686 92 — — 6,778 Multifamily 56,802 196 2,559 — 59,557 Agriculture 8,312 58 — — 8,370 Total real estate loans 772,027 7,268 11,995 — 791,290 Commercial loans 184,004 1,798 2,920 — 188,722 Consumer installment loans 12,042 6 — — 12,048 All other loans 1,645 — — — 1,645 Total loans $ 969,718 $ 9,072 $ 14,915 $ — $ 993,705 |
PCI Loans and Related Allowan_2
PCI Loans and Related Allowance for Loan Losses (Tables) - Covered Loans [Member] | 3 Months Ended |
Mar. 31, 2019 | |
Summary of PCI Loans | . The carrying amount, by loan type, as of these dates is as follows (dollars in thousands): March 31, 2019 December 31, 2018 % of PCI % of PCI Amount Loans Amount Loans Mortgage loans on real estate: Residential 1‑4 family $ 32,860 89.29 % $ 34,240 89.43 % Commercial 733 1.99 746 1.95 Construction and land development 1,301 3.54 1,326 3.46 Second mortgages 1,668 4.53 1,729 4.52 Multifamily 241 0.65 244 0.64 Total real estate loans 36,803 100.00 38,285 100.00 Total PCI loans $ 36,803 100.00 % $ 38,285 100.00 % |
Summary of Purchased Credit Impaired Loans Collectively Evaluated for Impairment in the Allowance for Loan Losses | The following table presents information on the PCI loans collectively evaluated for impairment in the allowance for loan losses at March 31, 2019 and December 31, 2018 (dollars in thousands): March 31, 2019 December 31, 2018 Allowance Recorded Recorded for loan investment in Allowance for investment in losses loans loan losses loans Mortgage loans on real estate: Residential 1‑4 family $ 156 $ 32,860 $ 156 $ 34,240 Commercial — 733 — 746 Construction and land development — 1,301 — 1,326 Second mortgages — 1,668 — 1,729 Multifamily — 241 — 244 Total real estate loans 156 36,803 156 38,285 Total PCI loans $ 156 $ 36,803 $ 156 $ 38,285 |
Summary of Changes in the Accretable Yield | The change in the accretable yield balance for the three months ended March 31, 2019 and the year ended December 31, 2018 , is as follows (dollars in thousands): Balance, January 1, 2018 $ 44,126 Accretion (5,219) Reclassification to nonaccretable difference (800) Balance, December 31, 2018 $ 38,107 Accretion (1,290) Reclassification from nonaccretable difference 1,027 Balance, March 31, 2019 $ 37,844 |
Other Real Estate Owned (Tables
Other Real Estate Owned (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Other Real Estate Owned [Abstract] | |
Schedule of Other Real Estate Owned | The following table presents the balances of other real estate owned at March 31, 2019 and December 31, 2018 (dollars in thousands): March 31, 2019 December 31, 2018 Residential 1‑4 family $ 455 $ 314 Commercial — 15 Construction and land development 770 770 Total other real estate owned $ 1,225 $ 1,099 |
Deposits (Tables)
Deposits (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Deposits [Abstract] | |
Summary of Interest Bearing Deposits | The following table provides interest bearing deposit information, by type, at March 31, 2019 and December 31, 2018 (dollars in thousands): March 31, 2019 December 31, 2018 NOW $ 151,647 $ 165,946 MMDA 123,024 126,933 Savings 94,229 92,910 Time deposits less than or equal to $250,000 499,698 485,155 Time deposits over $250,000 133,817 128,945 Total interest bearing deposits $ 1,002,415 $ 999,889 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive (Loss) Income (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Accumulated Other Comprehensive (Loss) Income [Abstract] | |
Summary of Accumulated Other Comprehensive Income | The following tables present activity net of tax in accumulated other comprehensive income (loss) (AOCI) for the three months ended March 31, 2019 and 2018 (dollars in thousands): Three months ended March 31, 2019 Unrealized Defined Gain (Loss) on Total Other Gain (Loss) on Benefit Cash Flow Comprehensive Securities Pension Plan Hedge Income (Loss) Beginning balance $ (618) $ (857) $ 196 $ (1,279) Other comprehensive income before reclassifications 1,719 — (74) 1,645 Amounts reclassified from AOCI 11 — — 11 Net current period other comprehensive income 1,730 — (74) 1,656 Ending balance $ 1,112 $ (857) $ 122 $ 377 Three months ended March 31, 2018 Unrealized Defined Gain (Loss) on Total Other Gain (Loss) on Benefit Cash Flow Comprehensive Securities Pension Plan Hedge Income (Loss) Beginning balance $ 954 $ (1,048) $ 137 $ 43 Other comprehensive loss before reclassifications (1,940) — 146 (1,794) Amounts reclassified from AOCI (23) — — (23) Net current period other comprehensive loss (1,963) — 146 (1,817) Ending balance $ (1,009) $ (1,048) $ 283 $ (1,774) |
Effects of Reclassifications Out of AOCI | The following table presents the effects of reclassifications out of AOCI on line items of consolidated income for the three months ended March 31, 2019 and 2018 (dollars in thousands): Affected Line Item in the Unaudited Consolidated Details about AOCI Components Amount Reclassified from AOCI Statement of Income Three months ended March 31, 2019 March 31, 2018 Securities available for sale: Unrealized losses (gains) on securities available for sale $ 14 $ (30) Loss (gain) on securities transactions, net Related tax expense (3) 7 Income tax expense $ 11 $ (23) Net of tax |
Fair Values of Assets and Lia_2
Fair Values of Assets and Liabilities (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Fair Values of Assets and Liabilities [Abstract] | |
Assets and Liabilities Recorded at Fair Value on Recurring Basis | The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis (dollars in thousands): March 31, 2019 Total Level 1 Level 2 Level 3 Investment securities available for sale U.S. Treasury issue $ 11,748 $ — $ 11,748 $ — U.S. Government agencies 23,848 1,027 22,821 — State, county and municipal 111,932 3,685 108,247 — Mortgage backed securities 41,293 — 41,293 — Asset backed securities 5,270 — 5,270 — Corporate bonds 6,003 — 6,003 — Total investment securities available for sale 200,094 4,712 195,382 — Cash flow hedge 159 — 159 — Total assets at fair value $ 200,253 $ 4,712 $ 195,541 $ — Total liabilities at fair value $ — $ — $ — $ — December 31, 2018 Total Level 1 Level 2 Level 3 Investment securities available for sale U.S. Treasury issue $ 13,124 $ 1,479 $ 11,645 $ — U.S. Government agencies 24,609 2,178 22,431 — State, county and municipal 112,542 2,644 109,898 — Mortgage backed securities 46,417 3,496 42,921 — Asset backed securities 5,411 — 5,411 — Corporate bonds 4,623 — 4,623 — Total investment securities available for sale 206,726 9,797 196,929 — Cash flow hedge 253 — 253 — Total assets at fair value $ 206,979 $ 9,797 $ 197,182 $ — Total liabilities at fair value $ — $ — $ — $ — |
Assets and Liabilities Measured at Fair Value on Nonrecurring Basis | The following tables present assets measured at fair value on a nonrecurring basis as of March 31, 2019 and December 31, 2018 (dollars in thousands): March 31, 2019 Total Level 1 Level 2 Level 3 Impaired loans $ 8,297 $ — $ — $ 8,297 Loans held for sale 396 — 396 — Bank premises and equipment held for sale 1,252 — — 1,252 Other real estate owned 1,225 — — 1,225 Total assets at fair value $ 11,170 $ — $ 396 $ 10,774 Total liabilities at fair value $ — $ — $ — $ — December 31, 2018 Total Level 1 Level 2 Level 3 Impaired loans $ 9,343 $ — $ — $ 9,343 Loans held for sale 146 — 146 — Bank premises and equipment held for sale 1,252 — — 1,252 Other real estate owned 1,099 — — 1,099 Total assets at fair value $ 11,840 $ — $ 146 $ 11,694 Total liabilities at fair value $ — $ — $ — $ — |
Summary of Fair Value of Financial Instruments | These tables exclude financial instruments for which the carrying value approximates fair value (dollars in thousands): March 31, 2019 Estimated Fair Carrying Value Value Level 1 Level 2 Level 3 Financial assets: Securities held to maturity $ 41,458 $ 42,045 $ — $ 42,045 $ — Loans, net of allowance 989,321 979,084 — — 979,084 PCI loans, net of allowance 36,647 42,232 — — 42,232 Financial liabilities: Interest bearing deposits 1,002,415 1,000,919 — 1,000,919 — Borrowings 73,196 73,073 — 73,073 — December 31, 2018 Estimated Fair Carrying Value Value Level 1 Level 2 Level 3 Financial assets: Securities held to maturity $ 42,108 $ 42,253 $ — $ 42,253 $ — Loans, net of allowance 984,722 978,778 — — 978,778 PCI loans, net of allowance 38,129 42,674 — — 42,674 Financial liabilities: Interest bearing deposits 999,889 997,714 — 997,714 — Borrowings 63,571 63,393 — 63,393 — |
Earnings Per Common Share (Tabl
Earnings Per Common Share (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Earnings Per Common Share [Abstract] | |
Computation of Earnings per Share | The following table presents basic and diluted EPS for the three months ended March 31, 2019 and 2018 (dollars and shares in thousands, except per share data): Weighted Average Net Income Common Shares Per Common (Numerator) (Denominator) Share Amount For the three months ended March 31, 2019 Basic EPS $ 3,503 22,141 $ 0.16 Effect of dilutive stock awards — 289 — Diluted EPS $ 3,503 22,430 $ 0.16 For the three months ended March 31, 2018 Basic EPS $ 2,594 22,076 $ 0.12 Effect of dilutive stock awards — 445 — Diluted EPS $ 2,594 22,521 $ 0.12 |
Employee Benefit Plan (Tables)
Employee Benefit Plan (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Employee Benefit Plan [Abstract] | |
Components of Net Periodic Benefit Cost for Plan | The following table provides the components of net periodic benefit cost for the plan included in salaries and employee benefits in the consolidated statement of income for the three months ended March 31, 2019 and 2018 (dollars in thousands): Three months ended March 31, 2019 March 31, 2018 Interest cost $ 40 $ 39 Expected return on plan assets (53) (59) Amortization of prior service cost 1 1 Recognized net loss due to settlement 13 — Recognized net actuarial loss 12 15 Net periodic benefit income $ 13 $ (4) |
Revenue Recognition (Tables)
Revenue Recognition (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Revenue from Contract with Customer [Abstract] | |
Noninterest Income, Segregated By Revenue Streams In Scope And Out Of Scope Of Topic 606 | The following table presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three months ended March 31, 2019 and 2018 (dollars in thousands): Three months ended March 31, 2019 March 31, 2018 Noninterest income In-scope of Topic 606: Service charges on deposit accounts $ 410 $ 391 Interchange and ATM fees 199 190 Brokerage fees and commissions 96 61 Noninterest income (in-scope of Topic 606) 705 642 Noninterest income (out-of-scope of Topic 606) 309 391 Total noninterest income $ 1,014 $ 1,033 |
Leases (Tables)
Leases (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Leases [Abstract] | |
Schedule of operating lease liabilities | The Company's leases have lease terms between five years and twenty years, with the longest lease term having an expiration date in 2038. Most of these leases include one or more renewal options for five years or less. At lease commencement, the Company assesses whether it is reasonably certain to exercise a renewal option by considering various economic factors. Options that are reasonably certain of being exercised are factored into the determination of the lease term, and related payments are included in the calculation of the right-of-use asset and lease liability. The Company uses its incremental borrowing rate to calculate the present value of lease payments when the interest rate implicit in a lease is not disclosed. None of the Company’s current leases contain variable lease payment terms. The Company accounts for associated non-lease components separately. The following table presents operating lease liabilities as of March 31, 2019 (dollars in thousands): Gross lease liability $ 10,190 Less: imputed interest (2,772) Present value of lease liability $ 7,418 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Maturities of the gross operating lease liability at March 31, 2019 are as follows (dollars in thousands): 2019 $ 912 2020 1,231 2021 1,191 2022 600 2023 630 Thereafter 5,626 Total of future payments $ 10,190 |
Nature of Banking Activities _2
Nature of Banking Activities and Significant Accounting Policies (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2019property | |
Nature of Banking Activities and Significant Accounting Policies [Abstract] | |
Number of full-service offices | 26 |
Number of loan production offices | 2 |
Securities (Narrative) (Details
Securities (Narrative) (Details) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019USD ($)security | Mar. 31, 2018USD ($) | Dec. 31, 2018USD ($) | |
Schedule Of Marketable Securities [Line Items] | |||
Proceeds From Sale Of Available For Sale Securities | $ 16,800 | $ 7,000 | |
Investments held having OTTI losses | $ 0 | $ 0 | |
Number of securities with unrealized losses | security | 90 | ||
Securities with amortized costs | $ 54,000 | $ 56,000 | |
Securities purchased from single issuer other than U.S. Treasury issue and other U.S. Government agencies | $ 0 | $ 0 | |
Minimum percentage of securities purchased from U.S. Treasury issue and other U.S. Government agencies | 10.00% | 10.00% | |
Federal Reserve Bank Advances [Member] | |||
Schedule Of Marketable Securities [Line Items] | |||
Debt Instrument, Collateral Amount | $ 7,000 | $ 7,000 | |
U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | |||
Schedule Of Marketable Securities [Line Items] | |||
Securities with investment grade | security | 85 | ||
Asset-backed Securities [Member] | |||
Schedule Of Marketable Securities [Line Items] | |||
Investment grade corporate obligations comprise securities with unrealized losses | security | 3 | ||
Corporate Debt Securities [Member] | |||
Schedule Of Marketable Securities [Line Items] | |||
Investment grade corporate obligations comprise securities with unrealized losses | security | 2 |
Securities (Amortized Costs and
Securities (Amortized Costs and Fair Values of Securities Available for Sale and Held to Maturity) (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | $ 198,668 | $ 207,518 |
Securities Available for Sale, Gross Unrealized Gains | 2,558 | 1,358 |
Securities Available for Sale, Gross Unrealized Losses | (1,132) | (2,150) |
Securities Available for Sale, Fair Value | 200,094 | 206,726 |
Securities Held to Maturity, Amortized Cost | 41,458 | 42,108 |
Securities Held to Maturity, Gross Unrealized Gains | 740 | 419 |
Securities Held to Maturity, Gross Unrealized Losses | (153) | (274) |
Securities Held to Maturity, Fair Value | 42,045 | 42,253 |
US Treasury issue [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 11,982 | 13,460 |
Securities Available for Sale, Gross Unrealized Losses | (234) | (336) |
Securities Available for Sale, Fair Value | 11,748 | 13,124 |
US Government Agencies [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 23,949 | 24,689 |
Securities Available for Sale, Gross Unrealized Gains | 76 | 71 |
Securities Available for Sale, Gross Unrealized Losses | (177) | (151) |
Securities Available for Sale, Fair Value | 23,848 | 24,609 |
Securities Held to Maturity, Amortized Cost | 10,000 | 10,000 |
Securities Held to Maturity, Gross Unrealized Losses | (141) | (210) |
Securities Held to Maturity, Fair Value | 9,859 | 9,790 |
Mortgage-backed Securities, Issued By US Government Sponsored Enterprises And Agencies [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 41,342 | 46,877 |
Securities Available for Sale, Gross Unrealized Gains | 397 | 196 |
Securities Available for Sale, Gross Unrealized Losses | (446) | (656) |
Securities Available for Sale, Fair Value | 41,293 | 46,417 |
Asset-backed Securities [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 5,222 | 5,342 |
Securities Available for Sale, Gross Unrealized Gains | 51 | 73 |
Securities Available for Sale, Gross Unrealized Losses | (3) | (4) |
Securities Available for Sale, Fair Value | 5,270 | 5,411 |
Corporate bonds [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 6,002 | 4,685 |
Securities Available for Sale, Gross Unrealized Gains | 23 | |
Securities Available for Sale, Gross Unrealized Losses | (22) | (62) |
Securities Available for Sale, Fair Value | 6,003 | 4,623 |
State, County and Municipal [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 110,171 | 112,465 |
Securities Available for Sale, Gross Unrealized Gains | 2,011 | 1,018 |
Securities Available for Sale, Gross Unrealized Losses | (250) | (941) |
Securities Available for Sale, Fair Value | 111,932 | 112,542 |
Securities Held to Maturity, Amortized Cost | 31,458 | 32,108 |
Securities Held to Maturity, Gross Unrealized Gains | 740 | 419 |
Securities Held to Maturity, Gross Unrealized Losses | (12) | (64) |
Securities Held to Maturity, Fair Value | $ 32,186 | $ 32,463 |
Securities (Amortized Cost and
Securities (Amortized Cost and Fair Value of Securities by Contractual Maturity) (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Securities [Abstract] | ||
Due in one year or less, Held to Maturity, Amortized Cost | $ 14,104 | |
Due after one year through five years, Held to Maturity, Amortized Cost | 13,930 | |
Due after five years through ten years, Held to Maturity, Amortized Cost | 11,661 | |
Due after ten years, Held to Maturity, Amortized Cost | 1,763 | |
Total securities, Held to Maturity, Amortized Cost | 41,458 | $ 42,108 |
Due in one year or less, Held to Maturity, Fair Value | 13,984 | |
Due after one year through five years, Held to Maturity, Fair Value | 14,220 | |
Due after five years through ten years, Held to Maturity, Fair Value | 12,030 | |
Due after ten years, Held to Maturity, Fair Value | 1,811 | |
Securities Held to Maturity, Fair Value | 42,045 | 42,253 |
Due in one year or less, Available for Sale, Amortized Cost | 14,097 | |
Due after one year through five years, Available for Sale, Amortized Cost | 81,687 | |
Due after five years through ten years, Available for Sale, Amortized Cost | 84,400 | |
Due after ten years, Available for Sale, Amortized Cost | 18,484 | |
Securities Available for Sale, Amortized Cost | 198,668 | 207,518 |
Due in one year or less, Available for Sale, Fair Value | 14,136 | |
Due after one year through five years, Available for Sale, Fair Value | 81,854 | |
Due after five years through ten years, Available for Sale, Fair Value | 85,374 | |
Due after ten years, Available for Sale, Fair Value | 18,730 | |
Securities Available for Sale, Fair Value | $ 200,094 | $ 206,726 |
Securities (Summary of Realized
Securities (Summary of Realized Gains and Losses on Sales of Securities) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Securities [Abstract] | ||
Gross realized gains | $ 53 | $ 42 |
Gross realized losses | (67) | (12) |
Net securities (loss) gain | $ (14) | $ 30 |
Securities (Summary of Fair Val
Securities (Summary of Fair Value and Gross Unrealized Losses for Securities Available for Sale) (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | $ 17,649 | $ 32,068 |
Unrealized Loss, Less than 12 Months | (142) | (271) |
Fair Value, 12 Months or More | 51,988 | 67,680 |
Unrealized Loss, 12 Months or More | (990) | (1,879) |
Fair Value, Total | 69,637 | 99,748 |
Unrealized Loss, Total | (1,132) | (2,150) |
Securities Held to Maturity | ||
Fair Value, Less than 12 Months | 2,452 | |
Unrealized Loss, Less than 12 Months | (20) | |
Fair Value, 12 Months or More | 11,489 | 13,775 |
Unrealized Loss, 12 Months or More | (153) | (254) |
Fair Value, Total | 11,489 | 16,227 |
Unrealized Loss, Total | (153) | (274) |
US Treasury issue [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 1,480 | |
Unrealized Loss, Less than 12 Months | (1) | |
Fair Value, 12 Months or More | 11,747 | 11,644 |
Unrealized Loss, 12 Months or More | (234) | (335) |
Fair Value, Total | 11,747 | 13,124 |
Unrealized Loss, Total | (234) | (336) |
US Government Agencies [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 7,957 | 6,959 |
Unrealized Loss, Less than 12 Months | (53) | (47) |
Fair Value, 12 Months or More | 5,222 | 5,155 |
Unrealized Loss, 12 Months or More | (124) | (104) |
Fair Value, Total | 13,179 | 12,114 |
Unrealized Loss, Total | (177) | (151) |
Securities Held to Maturity | ||
Fair Value, 12 Months or More | 9,859 | 9,790 |
Unrealized Loss, 12 Months or More | (141) | (210) |
Fair Value, Total | 9,859 | 9,790 |
Unrealized Loss, Total | (141) | (210) |
Mortgage-backed Securities, Issued By US Government Sponsored Enterprises And Agencies [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 8,439 | 11,513 |
Unrealized Loss, Less than 12 Months | (76) | (94) |
Fair Value, 12 Months or More | 15,021 | 15,811 |
Unrealized Loss, 12 Months or More | (370) | (562) |
Fair Value, Total | 23,460 | 27,324 |
Unrealized Loss, Total | (446) | (656) |
Asset-backed Securities [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 515 | 537 |
Unrealized Loss, Less than 12 Months | (1) | (1) |
Fair Value, 12 Months or More | 233 | 294 |
Unrealized Loss, 12 Months or More | (2) | (3) |
Fair Value, Total | 748 | 831 |
Unrealized Loss, Total | (3) | (4) |
Corporate bonds [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 738 | 3,661 |
Unrealized Loss, Less than 12 Months | (12) | (47) |
Fair Value, 12 Months or More | 240 | 236 |
Unrealized Loss, 12 Months or More | (10) | (15) |
Fair Value, Total | 978 | 3,897 |
Unrealized Loss, Total | (22) | (62) |
State, County and Municipal [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 7,918 | |
Unrealized Loss, Less than 12 Months | (81) | |
Fair Value, 12 Months or More | 19,525 | 34,540 |
Unrealized Loss, 12 Months or More | (250) | (860) |
Fair Value, Total | 19,525 | 42,458 |
Unrealized Loss, Total | (250) | (941) |
Securities Held to Maturity | ||
Fair Value, Less than 12 Months | 2,452 | |
Unrealized Loss, Less than 12 Months | (20) | |
Fair Value, 12 Months or More | 1,630 | 3,985 |
Unrealized Loss, 12 Months or More | (12) | (44) |
Fair Value, Total | 1,630 | 6,437 |
Unrealized Loss, Total | $ (12) | $ (64) |
Loans and Related Allowance f_3
Loans and Related Allowance for Loan Losses (Narrative) (Details) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019USD ($)loan | Mar. 31, 2018USD ($)loan | Dec. 31, 2018USD ($) | |
Financing Receivable, Recorded Investment [Line Items] | |||
Interest income recognized on impaired loans | $ 79,000 | $ 66,000 | |
Estimated interest income | $ 223,000 | $ 160,000 | |
Number of contracts | loan | 25 | 23 | |
Recorded investment | $ 16,644,000 | $ 17,859,000 | |
Number of contracts | loan | 0 | ||
1-4 family mortgages pledged as collateral to the Federal Bank Home Loan | 111,900,000 | ||
Total borrowing capacity | 91,400,000 | ||
Guaranteed Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Purchased government-guaranteed loans | $ 17,000,000 | 17,400,000 | |
Percentage of loans guaranteed by the USDA | 100.00% | ||
Unamortized purchase premium | $ 1,200,000 | ||
Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Interest income recognized on impaired loans | 70,000 | $ 65,000 | |
Recorded investment | 14,307,000 | 15,876,000 | |
Provision for loan losses | 902,000 | (88,000) | |
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Interest income recognized on impaired loans | 31,000 | 26,000 | |
Recorded investment | 3,550,000 | 3,694,000 | |
Provision for loan losses | 855,000 | (366,000) | |
Mortgage Loans on Real Estate [Member] | Agriculture [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Provision for loan losses | 6,000 | 19,000 | |
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment | 2,552,000 | 2,559,000 | |
Recorded investment | $ 2,600,000 | ||
Provision for loan losses | $ (10,000) | $ (298,000) |
Loans and Related Allowance f_4
Loans and Related Allowance for Loan Losses (Summary of Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 997,982 | $ 993,705 |
Percent of loans | 100.00% | 100.00% |
Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 793,612 | $ 791,290 |
Percent of loans | 79.53% | 79.63% |
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 215,348 | $ 216,268 |
Percent of loans | 21.58% | 21.77% |
Mortgage Loans on Real Estate [Member] | Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 379,112 | $ 379,904 |
Percent of loans | 37.99% | 38.23% |
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 123,475 | $ 120,413 |
Percent of loans | 12.37% | 12.12% |
Mortgage Loans on Real Estate [Member] | Second Mortgage [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 6,966 | $ 6,778 |
Percent of loans | 0.70% | 0.68% |
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 57,931 | $ 59,557 |
Percent of loans | 5.81% | 5.99% |
Mortgage Loans on Real Estate [Member] | Agriculture [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 10,780 | $ 8,370 |
Percent of loans | 1.08% | 0.84% |
Commercial Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 190,832 | $ 188,722 |
Percent of loans | 19.12% | 18.99% |
Consumer Installment Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 11,923 | $ 12,048 |
Percent of loans | 1.19% | 1.21% |
All Other Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 1,615 | $ 1,645 |
Percent of loans | 0.16% | 0.17% |
Loans and Related Allowance f_5
Loans and Related Allowance for Loan Losses (Summary of Information Related to Impaired Loans) (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Financing Receivable, Impaired [Line Items] | |||
With no related allowance recorded, Recorded Investment | $ 7,466 | $ 7,624 | |
With no related allowance recorded, Unpaid Principal Balance | 8,488 | 8,625 | |
With a related allowance, Recorded Investment | 9,178 | 10,235 | |
With a related allowance, Unpaid Principal Balance | 11,604 | 12,403 | |
Total impaired | 16,644 | 17,859 | |
Total, Unpaid Principal Balance | 20,092 | 21,028 | |
Related Allowance | 2,211 | 2,246 | |
With no related allowance recorded, Average Investment | 7,545 | $ 6,983 | |
With a related allowance, Average Investment | 9,706 | 7,826 | |
Total, Average Investment | 17,251 | 14,809 | |
With no related allowance recorded, Interest Recognized | 46 | 44 | |
With a related allowance, Interest Recognized | 33 | 22 | |
Total, Interest Recognized | 79 | 66 | |
Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
With no related allowance recorded, Recorded Investment | 7,466 | 7,624 | |
With no related allowance recorded, Unpaid Principal Balance | 8,488 | 8,625 | |
With a related allowance, Recorded Investment | 6,841 | 8,252 | |
With a related allowance, Unpaid Principal Balance | 9,024 | 10,412 | |
Total impaired | 14,307 | 15,876 | |
Total, Unpaid Principal Balance | 17,512 | 19,037 | |
Related Allowance | 1,150 | 1,346 | |
With no related allowance recorded, Average Investment | 7,545 | 5,940 | |
With a related allowance, Average Investment | 7,546 | 7,534 | |
Total, Average Investment | 15,091 | 13,474 | |
With no related allowance recorded, Interest Recognized | 46 | 44 | |
With a related allowance, Interest Recognized | 24 | 21 | |
Total, Interest Recognized | 70 | 65 | |
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
With no related allowance recorded, Recorded Investment | 1,546 | 1,563 | |
With no related allowance recorded, Unpaid Principal Balance | 1,881 | 1,890 | |
With a related allowance, Recorded Investment | 2,004 | 2,131 | |
With a related allowance, Unpaid Principal Balance | 2,421 | 2,538 | |
Total impaired | 3,550 | 3,694 | |
Total, Unpaid Principal Balance | 4,302 | 4,428 | |
Related Allowance | 378 | 349 | |
With no related allowance recorded, Average Investment | 1,555 | 1,888 | |
With a related allowance, Average Investment | 2,067 | 2,234 | |
Total, Average Investment | 3,622 | 4,122 | |
With no related allowance recorded, Interest Recognized | 11 | 7 | |
With a related allowance, Interest Recognized | 20 | 19 | |
Total, Interest Recognized | 31 | 26 | |
Mortgage Loans on Real Estate [Member] | Commercial Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
With no related allowance recorded, Recorded Investment | 3,368 | 3,502 | |
With no related allowance recorded, Unpaid Principal Balance | 4,055 | 4,176 | |
With a related allowance, Recorded Investment | 736 | 1,550 | |
With a related allowance, Unpaid Principal Balance | 1,231 | 2,034 | |
Total impaired | 4,104 | 5,052 | |
Total, Unpaid Principal Balance | 5,286 | 6,210 | |
Related Allowance | 87 | 482 | |
With no related allowance recorded, Average Investment | 3,435 | 3,844 | |
With a related allowance, Average Investment | 1,143 | 525 | |
Total, Average Investment | 4,578 | 4,369 | |
With no related allowance recorded, Interest Recognized | 35 | 37 | |
With a related allowance, Interest Recognized | 4 | 2 | |
Total, Interest Recognized | 39 | 39 | |
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
With a related allowance, Recorded Investment | 4,101 | 4,571 | |
With a related allowance, Unpaid Principal Balance | 5,372 | 5,840 | |
Total impaired | 4,101 | 4,571 | |
Total, Unpaid Principal Balance | 5,372 | 5,840 | |
Related Allowance | 685 | 515 | |
With no related allowance recorded, Average Investment | 208 | ||
With a related allowance, Average Investment | 4,336 | 4,707 | |
Total, Average Investment | 4,336 | 4,915 | |
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
With no related allowance recorded, Recorded Investment | 2,552 | 2,559 | |
With no related allowance recorded, Unpaid Principal Balance | 2,552 | 2,559 | |
Total impaired | 2,552 | 2,559 | |
Total, Unpaid Principal Balance | 2,552 | 2,559 | |
With no related allowance recorded, Average Investment | 2,555 | ||
Total, Average Investment | 2,555 | ||
Mortgage Loans on Real Estate [Member] | Agriculture [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
With a related allowance, Average Investment | 68 | ||
Total, Average Investment | 68 | ||
Commercial Loans [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
With a related allowance, Recorded Investment | 2,331 | 1,983 | |
With a related allowance, Unpaid Principal Balance | 2,574 | 1,991 | |
Total impaired | 2,331 | 1,983 | |
Total, Unpaid Principal Balance | 2,574 | 1,991 | |
Related Allowance | 1,060 | $ 900 | |
With no related allowance recorded, Average Investment | 1,043 | ||
With a related allowance, Average Investment | 2,157 | 287 | |
Total, Average Investment | 2,157 | 1,330 | |
With a related allowance, Interest Recognized | 9 | 1 | |
Total, Interest Recognized | 9 | 1 | |
Consumer Installment Loans [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
With a related allowance, Recorded Investment | 6 | ||
With a related allowance, Unpaid Principal Balance | 6 | ||
Total impaired | 6 | ||
Total, Unpaid Principal Balance | 6 | ||
Related Allowance | 1 | ||
With a related allowance, Average Investment | 3 | 5 | |
Total, Average Investment | $ 3 | $ 5 |
Loans and Related Allowance f_6
Loans and Related Allowance for Loan Losses (Reconciliation of impaired loans to nonaccrual loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Loans and Related Allowance for Loan Losses [Abstract] | ||
Nonaccruals | $ 10,990 | $ 9,500 |
Trouble debt restructure and still accruing | 5,654 | 8,359 |
Total impaired | $ 16,644 | $ 17,859 |
Loans and Related Allowance f_7
Loans and Related Allowance for Loan Losses (Age Analysis of Past Due Status of Loans, Excluding PCI Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | $ 10,990 | $ 9,500 |
Past Due | 13,295 | 13,254 |
Current | 984,687 | 980,451 |
Total Loans | 997,982 | 993,705 |
30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 2,305 | 3,754 |
Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 9,085 | 7,951 |
Past Due | 11,342 | 11,615 |
Current | 782,270 | 779,675 |
Total Loans | 793,612 | 791,290 |
Mortgage Loans on Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 2,257 | 3,664 |
Commercial Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 1,899 | 1,549 |
Past Due | 1,915 | 1,629 |
Current | 188,917 | 187,093 |
Total Loans | 190,832 | 188,722 |
Commercial Loans [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 16 | 80 |
Consumer Installment Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 6 | |
Past Due | 38 | 10 |
Current | 11,885 | 12,038 |
Total Loans | 11,923 | 12,048 |
Consumer Installment Loans [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 32 | 10 |
All Other Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 1,615 | 1,645 |
Total Loans | 1,615 | 1,645 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 1,133 | 1,257 |
Past Due | 2,504 | 1,752 |
Current | 212,844 | 214,516 |
Total Loans | 215,348 | 216,268 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 1,371 | 495 |
Commercial Real Estate [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 1,299 | 2,123 |
Past Due | 2,175 | 2,674 |
Current | 376,937 | 377,230 |
Total Loans | 379,112 | 379,904 |
Commercial Real Estate [Member] | Mortgage Loans on Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 876 | 551 |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 4,101 | 4,571 |
Past Due | 4,101 | 4,630 |
Current | 119,374 | 115,783 |
Total Loans | 123,475 | 120,413 |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 59 | |
Second Mortgage [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 10 | |
Current | 6,956 | 6,778 |
Total Loans | 6,966 | 6,778 |
Second Mortgage [Member] | Mortgage Loans on Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 10 | |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 2,552 | |
Past Due | 2,552 | 2,559 |
Current | 55,379 | 56,998 |
Total Loans | 57,931 | 59,557 |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 2,559 | |
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 10,780 | 8,370 |
Total Loans | 10,780 | 8,370 |
Loans Excluding PCI Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 997,982 | 993,705 |
Loans Excluding PCI Loans [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 793,612 | 791,290 |
Loans Excluding PCI Loans [Member] | Commercial Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 190,832 | 188,722 |
Loans Excluding PCI Loans [Member] | Consumer Installment Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 11,923 | 12,048 |
Loans Excluding PCI Loans [Member] | All Other Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 1,615 | 1,645 |
Loans Excluding PCI Loans [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 215,348 | 216,268 |
Loans Excluding PCI Loans [Member] | Commercial Real Estate [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 379,112 | 379,904 |
Loans Excluding PCI Loans [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 123,475 | 120,413 |
Loans Excluding PCI Loans [Member] | Second Mortgage [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 6,966 | 6,778 |
Loans Excluding PCI Loans [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 57,931 | 59,557 |
Loans Excluding PCI Loans [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | $ 10,780 | $ 8,370 |
Loans and Related Allowance f_8
Loans and Related Allowance for Loan Losses (Allowance for Loan Losses on Loans, Excluding PCI Loans, by Segment) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | $ 8,983 | $ 8,969 |
Charge-offs | (578) | (84) |
Recoveries | 256 | 83 |
Allowance for loan losses, End of Period | 8,661 | 8,968 |
Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 5,660 | 7,670 |
Provision Allocation | 902 | (88) |
Charge-offs | (289) | |
Recoveries | 230 | 30 |
Allowance for loan losses, End of Period | 6,503 | 7,612 |
Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 1,894 | 1,139 |
Provision Allocation | 291 | (152) |
Charge-offs | (229) | (39) |
Recoveries | 2 | 14 |
Allowance for loan losses, End of Period | 1,958 | 962 |
Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 152 | 110 |
Provision Allocation | 72 | 8 |
Charge-offs | (60) | (45) |
Recoveries | 24 | 39 |
Allowance for loan losses, End of Period | 188 | 112 |
All Other Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 12 | 3 |
Provision Allocation | (6) | 7 |
Allowance for loan losses, End of Period | 6 | 10 |
Unallocated [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 1,265 | 47 |
Provision Allocation | (1,259) | 225 |
Allowance for loan losses, End of Period | 6 | 272 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 2,281 | 3,466 |
Provision Allocation | 855 | (366) |
Recoveries | 203 | 15 |
Allowance for loan losses, End of Period | 3,339 | 3,115 |
Commercial Real Estate [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 1,810 | 2,423 |
Provision Allocation | (32) | 184 |
Charge-offs | (277) | |
Recoveries | 7 | 13 |
Allowance for loan losses, End of Period | 1,508 | 2,620 |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 1,161 | 1,247 |
Provision Allocation | 43 | 364 |
Charge-offs | (12) | |
Recoveries | 18 | 1 |
Allowance for loan losses, End of Period | 1,210 | 1,612 |
Second Mortgage [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 20 | 24 |
Provision Allocation | 40 | 9 |
Recoveries | 2 | 1 |
Allowance for loan losses, End of Period | 62 | 34 |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 371 | 496 |
Provision Allocation | (10) | (298) |
Allowance for loan losses, End of Period | 361 | 198 |
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 17 | 14 |
Provision Allocation | 6 | 19 |
Allowance for loan losses, End of Period | $ 23 | $ 33 |
Loans and Related Allowance f_9
Loans and Related Allowance for Loan Losses (Loans Evaluated for Impairment) (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | Dec. 31, 2017 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | $ 2,211 | $ 2,246 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 6,450 | 6,737 | ||
Allowance for Loan Losses | 8,661 | 8,983 | $ 8,968 | $ 8,969 |
Recorded Investment in Loans, Individually Evaluated for Impairment | 16,644 | 17,859 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 981,338 | 975,846 | ||
Total Loans | 997,982 | 993,705 | ||
Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 1,150 | 1,346 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 5,353 | 4,314 | ||
Allowance for Loan Losses | 6,503 | 5,660 | 7,612 | 7,670 |
Recorded Investment in Loans, Individually Evaluated for Impairment | 14,307 | 15,876 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 779,305 | 775,414 | ||
Total Loans | 793,612 | 791,290 | ||
Commercial Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 1,060 | 900 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 898 | 994 | ||
Allowance for Loan Losses | 1,958 | 1,894 | 962 | 1,139 |
Recorded Investment in Loans, Individually Evaluated for Impairment | 2,331 | 1,983 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 188,501 | 186,739 | ||
Total Loans | 190,832 | 188,722 | ||
Consumer Installment Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 1 | |||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 187 | 152 | ||
Allowance for Loan Losses | 188 | 152 | 112 | 110 |
Recorded Investment in Loans, Individually Evaluated for Impairment | 6 | |||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 11,917 | 12,048 | ||
Total Loans | 11,923 | 12,048 | ||
All Other Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 6 | 12 | ||
Allowance for Loan Losses | 6 | 12 | 10 | 3 |
Recorded Investment in Loans, Collectively Evaluated for Impairment | 1,615 | 1,645 | ||
Total Loans | 1,615 | 1,645 | ||
Unallocated [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 6 | 1,265 | ||
Allowance for Loan Losses | 6 | 1,265 | 272 | 47 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 378 | 349 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 2,961 | 1,932 | ||
Allowance for Loan Losses | 3,339 | 2,281 | 3,115 | 3,466 |
Recorded Investment in Loans, Individually Evaluated for Impairment | 3,550 | 3,694 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 211,798 | 212,574 | ||
Total Loans | 215,348 | 216,268 | ||
Commercial Real Estate [Member] | Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 87 | 482 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 1,421 | 1,328 | ||
Allowance for Loan Losses | 1,508 | 1,810 | 2,620 | 2,423 |
Recorded Investment in Loans, Individually Evaluated for Impairment | 4,104 | 5,052 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 375,008 | 374,852 | ||
Total Loans | 379,112 | 379,904 | ||
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 685 | 515 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 525 | 646 | ||
Allowance for Loan Losses | 1,210 | 1,161 | 1,612 | 1,247 |
Recorded Investment in Loans, Individually Evaluated for Impairment | 4,101 | 4,571 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 119,374 | 115,842 | ||
Total Loans | 123,475 | 120,413 | ||
Second Mortgage [Member] | Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 62 | 20 | ||
Allowance for Loan Losses | 62 | 20 | 34 | 24 |
Recorded Investment in Loans, Collectively Evaluated for Impairment | 6,966 | 6,778 | ||
Total Loans | 6,966 | 6,778 | ||
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 361 | 371 | ||
Allowance for Loan Losses | 361 | 371 | 198 | 496 |
Recorded Investment in Loans, Individually Evaluated for Impairment | 2,552 | 2,559 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 55,379 | 56,998 | ||
Total Loans | 57,931 | 59,557 | ||
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 23 | 17 | ||
Allowance for Loan Losses | 23 | 17 | $ 33 | $ 14 |
Recorded Investment in Loans, Collectively Evaluated for Impairment | 10,780 | 8,370 | ||
Total Loans | $ 10,780 | $ 8,370 |
Loans and Related Allowance _10
Loans and Related Allowance for Loan Losses (Loans, Excluding PCI Loans, by Credit Quality Indicator) (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | $ 997,982 | $ 993,705 |
Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 793,612 | 791,290 |
Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 190,832 | 188,722 |
Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 11,923 | 12,048 |
All Other Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 1,615 | 1,645 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 215,348 | 216,268 |
Commercial Real Estate [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 379,112 | 379,904 |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 123,475 | 120,413 |
Second Mortgage [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 6,966 | 6,778 |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 57,931 | 59,557 |
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 10,780 | 8,370 |
Loans Excluding PCI Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 997,982 | 993,705 |
Loans Excluding PCI Loans [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 793,612 | 791,290 |
Loans Excluding PCI Loans [Member] | Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 190,832 | 188,722 |
Loans Excluding PCI Loans [Member] | Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 11,923 | 12,048 |
Loans Excluding PCI Loans [Member] | All Other Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 1,615 | 1,645 |
Loans Excluding PCI Loans [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 215,348 | 216,268 |
Loans Excluding PCI Loans [Member] | Commercial Real Estate [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 379,112 | 379,904 |
Loans Excluding PCI Loans [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 123,475 | 120,413 |
Loans Excluding PCI Loans [Member] | Second Mortgage [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 6,966 | 6,778 |
Loans Excluding PCI Loans [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 57,931 | 59,557 |
Loans Excluding PCI Loans [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 10,780 | 8,370 |
Loans Excluding PCI Loans [Member] | Pass [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 971,840 | 969,718 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 772,893 | 772,027 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 185,418 | 184,004 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 11,914 | 12,042 |
Loans Excluding PCI Loans [Member] | Pass [Member] | All Other Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 1,615 | 1,645 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 210,128 | 211,832 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Commercial Real Estate [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 371,044 | 372,745 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 119,168 | 115,650 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Second Mortgage [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 6,646 | 6,686 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 55,184 | 56,802 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 10,723 | 8,312 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 12,345 | 9,072 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 10,156 | 7,268 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 2,186 | 1,798 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 3 | 6 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 4,087 | 3,179 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Commercial Real Estate [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 5,291 | 3,551 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 206 | 192 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Second Mortgage [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 320 | 92 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 195 | 196 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 57 | 58 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 13,797 | 14,915 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 10,563 | 11,995 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 3,228 | 2,920 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 6 | |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 1,133 | 1,257 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Commercial Real Estate [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 2,777 | 3,608 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 4,101 | 4,571 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | $ 2,552 | $ 2,559 |
PCI Loans and Related Allowan_3
PCI Loans and Related Allowance for Loan Losses (Narrative) (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Jan. 30, 2009 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Purchased credit impaired (PCI) loans | $ 36,803 | $ 38,285 | |
Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Purchased credit impaired (PCI) loans | $ 198,300 | ||
Loans met criteria of ASC 310-30 | 49,100 | ||
Outstanding contractual balance of covered loans | $ 59,800 | $ 62,200 | |
Covered Loans [Member] | Residential 1-4 Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Remaining of loans acquired | $ 149,100 |
PCI Loans and Related Allowan_4
PCI Loans and Related Allowance for Loan Losses (Summary of Covered Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | $ 36,803 | $ 38,285 |
Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | 36,803 | 38,285 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | 32,860 | 34,240 |
Commercial Real Estate [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | 733 | 746 |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | 1,301 | 1,326 |
Second Mortgage [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | 1,668 | 1,729 |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | 241 | 244 |
Purchase Credit Impaired (PCI) Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | $ 36,803 | $ 38,285 |
Percent of purchased credit impaired loan | 100.00% | 100.00% |
Purchase Credit Impaired (PCI) Loans [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | $ 36,803 | $ 38,285 |
Percent of purchased credit impaired loan | 100.00% | 100.00% |
Purchase Credit Impaired (PCI) Loans [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | $ 32,860 | $ 34,240 |
Percent of purchased credit impaired loan | 89.29% | 89.43% |
Purchase Credit Impaired (PCI) Loans [Member] | Commercial Real Estate [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | $ 733 | $ 746 |
Percent of purchased credit impaired loan | 1.99% | 1.95% |
Purchase Credit Impaired (PCI) Loans [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | $ 1,301 | $ 1,326 |
Percent of purchased credit impaired loan | 3.54% | 3.46% |
Purchase Credit Impaired (PCI) Loans [Member] | Second Mortgage [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | $ 1,668 | $ 1,729 |
Percent of purchased credit impaired loan | 4.53% | 4.52% |
Purchase Credit Impaired (PCI) Loans [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | $ 241 | $ 244 |
Percent of purchased credit impaired loan | 0.65% | 0.64% |
PCI Loans and Related Allowan_5
PCI Loans and Related Allowance for Loan Losses (Summary of Covered Loans Collectively Evaluated for Impairment in the Allowance for Loan Losses) (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses, PCI loans | $ 156 | $ 156 |
Recorded investment in loans | 36,803 | 38,285 |
Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses, PCI loans | 156 | 156 |
Recorded investment in loans | 36,803 | 38,285 |
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses, PCI loans | 156 | 156 |
Recorded investment in loans | 32,860 | 34,240 |
Mortgage Loans on Real Estate [Member] | Commercial Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded investment in loans | 733 | 746 |
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded investment in loans | 1,301 | 1,326 |
Mortgage Loans on Real Estate [Member] | Second Mortgage [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded investment in loans | 1,668 | 1,729 |
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Recorded investment in loans | $ 241 | $ 244 |
PCI Loans and Related Allowan_6
PCI Loans and Related Allowance for Loan Losses (Summary of Changes in Accretable Yield) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Dec. 31, 2018 | |
PCI Loans and Related Allowance for Loan Losses [Abstract] | ||
Beginning Balance | $ 38,107 | $ 44,126 |
Accretion | (1,290) | (5,219) |
Reclassification to nonaccretable difference | (800) | |
Reclassification from nonaccretable difference | 1,027 | |
Ending Balance | $ 37,844 | $ 38,107 |
Other Real Estate Owned (Schedu
Other Real Estate Owned (Schedule of Other Real Estate Owned) (Details) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned | $ 1,225,000 | $ 1,099,000 |
Residential 1-4 Family [Member] | ||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned | 455,000 | 314,000 |
Commercial Real Estate [Member] | ||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned | 15,000 | |
Construction and Land Development [Member] | ||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned | 770,000 | $ 770,000 |
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | ||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items] | ||
Residential 1-4 family loans and purchased credit impaired loans in the process of foreclosure | $ 469,000 |
Deposits (Summary of Interest B
Deposits (Summary of Interest Bearing Deposits) (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Deposits [Abstract] | ||
NOW | $ 151,647 | $ 165,946 |
MMDA | 123,024 | 126,933 |
Savings | 94,229 | 92,910 |
Time deposits less than or equal to $250,000 | 499,698 | 485,155 |
Time deposits over $250,000 | 133,817 | 128,945 |
Total interest bearing deposits | $ 1,002,415 | $ 999,889 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive (Loss) Income (Summary of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | $ (1,279) | $ 43 |
Other comprehensive income before reclassifications | 1,645 | (1,794) |
Amounts reclassified from AOCI | 11 | (23) |
Net current period other comprehensive income (loss) | 1,656 | (1,817) |
Ending balance | 377 | (1,774) |
Unrealized (Gain) Loss on Securities [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | (618) | 954 |
Other comprehensive income before reclassifications | 1,719 | (1,940) |
Amounts reclassified from AOCI | 11 | (23) |
Net current period other comprehensive income (loss) | 1,730 | (1,963) |
Ending balance | 1,112 | (1,009) |
Defined Benefit Pension Plan [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | (857) | (1,048) |
Other comprehensive income before reclassifications | 0 | |
Amounts reclassified from AOCI | 0 | |
Net current period other comprehensive income (loss) | 0 | |
Ending balance | (857) | (1,048) |
Gain (Loss) on Cash Flow Hedges [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | 196 | 137 |
Other comprehensive income before reclassifications | (74) | 146 |
Amounts reclassified from AOCI | 0 | |
Net current period other comprehensive income (loss) | (74) | 146 |
Ending balance | $ 122 | $ 283 |
Accumulated Other Comprehensi_4
Accumulated Other Comprehensive (Loss) Income (Effects of Reclassifications Out of AOCI) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Gain on securities transactions, net | $ 14 | $ (30) |
Income tax expense | 796 | 540 |
Total amount recognized | (11) | 23 |
Unrealized (Gain) Loss on Securities [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total amount recognized | (11) | 23 |
Defined Benefit Pension Plan [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total amount recognized | 0 | |
Gain (Loss) on Cash Flow Hedges [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total amount recognized | 0 | |
Amount Reclassified from AOCI [Member] | Unrealized (Gain) Loss on Securities [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Gain on securities transactions, net | 14 | (30) |
Income tax expense | (3) | 7 |
Total amount recognized | $ 11 | $ (23) |
Fair Values of Assets and Lia_3
Fair Values of Assets and Liabilities (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Fair value appraisal minimum period | 18 months |
Minimum [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Eligibility criteria of classified loans for appraisal by professional appraiser | $ 250,000 |
Fair Values of Assets and Lia_4
Fair Values of Assets and Liabilities (Assets and Liabilities Recorded at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 200,094 | $ 206,726 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 200,094 | 206,726 |
Cash flow hedge | 159 | 253 |
Total assets at fair value | 200,253 | 206,979 |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 4,712 | 9,797 |
Total assets at fair value | 4,712 | 9,797 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 195,382 | 196,929 |
Cash flow hedge | 159 | 253 |
Total assets at fair value | 195,541 | 197,182 |
US Treasury issue [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 11,748 | 13,124 |
US Treasury issue [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 11,748 | 13,124 |
US Treasury issue [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 1,479 | |
US Treasury issue [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 11,748 | 11,645 |
US Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 23,848 | 24,609 |
US Government Agencies [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 23,848 | 24,609 |
US Government Agencies [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 1,027 | 2,178 |
US Government Agencies [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 22,821 | 22,431 |
State, County and Municipal [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 111,932 | 112,542 |
State, County and Municipal [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 111,932 | 112,542 |
State, County and Municipal [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 3,685 | 2,644 |
State, County and Municipal [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 108,247 | 109,898 |
Mortgage-backed Securities, Issued By US Government Sponsored Enterprises And Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 41,293 | 46,417 |
Mortgage-backed Securities, Issued By US Government Sponsored Enterprises And Agencies [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 41,293 | 46,417 |
Mortgage-backed Securities, Issued By US Government Sponsored Enterprises And Agencies [Member] | Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 3,496 | |
Mortgage-backed Securities, Issued By US Government Sponsored Enterprises And Agencies [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 41,293 | 42,921 |
Asset-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 5,270 | 5,411 |
Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 5,270 | 5,411 |
Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 5,270 | 5,411 |
Corporate bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 6,003 | 4,623 |
Corporate bonds [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 6,003 | 4,623 |
Corporate bonds [Member] | Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 6,003 | $ 4,623 |
Fair Values of Assets and Lia_5
Fair Values of Assets and Liabilities (Assets and Liabilities Measured at Fair Value on Nonrecurring Basis) (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Bank premises and equipment held for sale | $ 1,252 | $ 1,252 |
Other real estate owned | 1,225 | 1,099 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 8,297 | 9,343 |
Loans held for sale | 396 | 146 |
Bank premises and equipment held for sale | 1,252 | 1,252 |
Other real estate owned | 1,225 | 1,099 |
Total assets at fair value | 11,170 | 11,840 |
Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 396 | 146 |
Total assets at fair value | 396 | 146 |
Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 8,297 | 9,343 |
Bank premises and equipment held for sale | 1,252 | 1,252 |
Other real estate owned | 1,225 | 1,099 |
Total assets at fair value | $ 10,774 | $ 11,694 |
Fair Values of Assets and Lia_6
Fair Values of Assets and Liabilities (Summary of Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Financial assets: | ||
Securities held to maturity | $ 42,045 | $ 42,253 |
Purchased credit impaired (PCI) loans | 36,803 | 38,285 |
Carrying Value [Member] | ||
Financial assets: | ||
Securities held to maturity | 41,458 | 42,108 |
Loans, net of allowance | 989,321 | 984,722 |
Purchased credit impaired (PCI) loans | 36,647 | 38,129 |
Financial liabilities: | ||
Interest bearing deposits | 1,002,415 | 999,889 |
Long-term borrowings | 73,196 | 63,571 |
Estimated Fair Value [Member] | ||
Financial assets: | ||
Securities held to maturity | 42,045 | 42,253 |
Loans, net of allowance | 979,084 | 978,778 |
Purchased credit impaired (PCI) loans | 42,232 | 42,674 |
Financial liabilities: | ||
Interest bearing deposits | 1,000,919 | 997,714 |
Long-term borrowings | 73,073 | 63,393 |
Level 2 [Member] | Estimated Fair Value [Member] | ||
Financial assets: | ||
Securities held to maturity | 42,045 | 42,253 |
Financial liabilities: | ||
Interest bearing deposits | 1,000,919 | 997,714 |
Long-term borrowings | 73,073 | 63,393 |
Level 3 [Member] | Estimated Fair Value [Member] | ||
Financial assets: | ||
Loans, net of allowance | 979,084 | 978,778 |
Purchased credit impaired (PCI) loans | $ 42,232 | $ 42,674 |
Earnings Per Common Share (Narr
Earnings Per Common Share (Narrative) (Details) - shares | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Earnings Per Common Share [Abstract] | ||
Anti-dilutive common shares | 585,000 | 279,000 |
Earnings Per Common Share (Comp
Earnings Per Common Share (Computation of Earnings per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Earnings Per Common Share [Abstract] | ||
Basic EPS, Net Income Available to Common Shareholders (Numerator) | $ 3,503 | $ 2,594 |
Diluted EPS, Net Income Available to Common Shareholders (Numerator) | $ 3,503 | $ 2,594 |
Basic EPS , Weighted Average Common Shares (Denominator) | 22,141 | 22,076 |
Effect of dilutive stock awards, Weighted Average Common Shares (Denominator) | 289 | 445 |
Diluted EPS, Weighted Average Common Shares (Denominator) | 22,430 | 22,521 |
Basic EPS, Per Common Share Amount | $ 0.16 | $ 0.12 |
Diluted EPS, Per Common Share Amount | $ 0.16 | $ 0.12 |
Employee Benefit Plan (Narrativ
Employee Benefit Plan (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2019 | |
Employee Benefit Plan [Abstract] | |
Minimum eligibility criteria of full-time pre-merger bank employees for Bank of Essex noncontributory defined benefit pension plan | 21 years |
Employee Benefit Plan (Componen
Employee Benefit Plan (Components of Net Periodic Benefit Cost for Plan) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Employee Benefit Plan [Abstract] | ||
Interest cost | $ 40 | $ 39 |
Expected return on plan assets | (53) | (59) |
Amortization of prior service cost | 1 | 1 |
Recognized net loss due to settlement | 13 | |
Recognized net actuarial loss | 12 | 15 |
Net periodic benefit cost | $ 13 | $ (4) |
Cash Flow Hedge (Narrative) (De
Cash Flow Hedge (Narrative) (Details) - Interest Rate Swap [Member] - Cash Flow Hedging [Member] - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019 | Dec. 31, 2018 | Nov. 07, 2014 | |
Derivative notional amount | $ 30,000 | ||
Derivative interest rate | 1.69% | ||
Derivative term | 5 years | ||
Cash pledged as collateral | $ 0 | ||
Unrealized Gain (Loss) on Cash Flow Hedging Instruments | $ 159 | $ 253 |
Revenue Recognition (Details)
Revenue Recognition (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Revenue from Contract with Customer [Abstract] | ||
Service charges on deposit accounts | $ 410 | $ 391 |
Interchange and ATM fees | 199 | 190 |
Brokerage fees and commissions | 96 | 61 |
Noninterest income (in-scope of Topic 606) | 705 | 642 |
Noninterest income (out-of-scope of Topic 606) | 309 | 391 |
Total noninterest income | $ 1,014 | $ 1,033 |
Leases (Details)
Leases (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Jan. 01, 2019 | |
Leases [Abstract] | ||
Lease, Practical Expedients, Package [true false] | true | |
Lease, Practical Expedient, Use of Hindsight [true false] | true | |
Options to renew | true | |
Operating lease right of use asset | $ 7,177 | $ 7,400 |
Present value of lease liability | $ 7,418 | $ 7,600 |
Leases (Operating lease liabili
Leases (Operating lease liabilities) (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Jan. 01, 2019 |
Leases [Abstract] | ||
Gross lease liability | $ 10,190 | |
Less: imputed interest | (2,772) | |
Present value of lease liability | $ 7,418 | $ 7,600 |
Leases (Maturities of the gross
Leases (Maturities of the gross operating lease liability) (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Leases [Abstract] | ||
Operating leases, weighted average remaining lease term (years) | 12 years 1 month 6 days | |
Operating leases, weighted average discount rate | 4.54% | |
Operating | ||
Remainder of 2019 | $ 912,000 | |
2020 | 1,231,000 | |
2021 | 1,191,000 | |
2022 | 600,000 | |
2023 | 630,000 | |
Thereafter | 5,626,000 | |
Gross lease liability | 10,190,000 | |
Operating lease cost | 330,000 | |
Sublease Income | $ 27,000 | |
Rental expense | $ 341,000 | |
Sublease rental income | $ 27,000 |