Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Oct. 29, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | WESTAMERICA BANCORPORATION | |
Entity Central Index Key | 311,094 | |
Trading Symbol | wabc | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Entity Common Stock, Shares Outstanding (in shares) | 26,727,416 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Assets: | ||
Cash and due from banks | $ 522,660 | $ 575,002 |
Equity securities | 1,734 | 1,800 |
Debt securities available for sale | 2,478,908 | 2,191,707 |
Debt securities held to maturity, with fair values of: $1,002,648 at September 30, 2018 and $1,155,342 at December 31, 2017 | 1,025,699 | 1,158,864 |
Loans | 1,196,955 | 1,287,982 |
Allowance for loan losses | (22,027) | (23,009) |
Loans, net of allowance for loan losses | 1,174,928 | 1,264,973 |
Other real estate owned | 620 | 1,426 |
Premises and equipment, net | 35,391 | 35,301 |
Identifiable intangibles, net | 2,376 | 3,850 |
Goodwill | 121,673 | 121,673 |
Other assets | 165,474 | 158,450 |
Total Assets | 5,529,463 | 5,513,046 |
Liabilities: | ||
Noninterest-bearing deposits | 2,211,028 | 2,197,526 |
Interest-bearing deposits | 2,624,809 | 2,630,087 |
Total deposits | 4,835,837 | 4,827,613 |
Short-term borrowed funds | 61,756 | 58,471 |
Other liabilities | 39,279 | 36,723 |
Total Liabilities | 4,936,872 | 4,922,807 |
Contingencies (Note 10) | ||
Shareholders' Equity: | ||
Common stock (no par value), authorized - 150,000 shares Issued and outstanding: 26,727 at September 30, 2018 and 26,425 at December 31, 2017 | 447,785 | 431,734 |
Deferred compensation | 1,395 | 1,533 |
Accumulated other comprehensive loss | (54,066) | (16,832) |
Retained earnings | 197,477 | 173,804 |
Total Shareholders' Equity | 592,591 | 590,239 |
Total Liabilities and Shareholders' Equity | $ 5,529,463 | $ 5,513,046 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) shares in Thousands, $ / shares in Thousands, $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Debt securities held to maturity, fair values | $ 1,002,648 | $ 1,155,342 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, authorized (in shares) | 150,000 | 150,000 |
Common stock, issued (in shares) | 26,727 | 26,425 |
Common stock, outstanding (in shares) | 26,727 | 26,425 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Loans | $ 14,593 | $ 15,082 | $ 44,247 | $ 46,330 |
Equity securities | 85 | 70 | 256 | 214 |
Debt securities available for sale | 15,644 | 11,277 | 43,518 | 32,091 |
Debt securities held to maturity | 5,931 | 6,716 | 18,321 | 20,997 |
Total Interest and Loan Fee Income | 36,253 | 33,145 | 106,342 | 99,632 |
Interest Expense: | ||||
Deposits | 518 | 461 | 1,417 | 1,395 |
Short-term borrowed funds | 9 | 12 | 28 | 34 |
Total Interest Expense | 527 | 473 | 1,445 | 1,429 |
Net Interest and Loan Fee Income | 35,726 | 32,672 | 104,897 | 98,203 |
Reversal of provision for loan losses | (1,900) | |||
Net Interest and Loan Fee Income After Reversal of Provision for Loan Losses | 35,726 | 32,672 | 104,897 | 100,103 |
Noninterest Income: | ||||
Life insurance gains | 585 | 585 | ||
Equity securities losses | (16) | (66) | ||
Other noninterest income | 1,007 | 1,420 | 2,988 | 4,042 |
Total Noninterest Income | 12,528 | 12,548 | 36,252 | 36,328 |
Noninterest Expense: | ||||
Salaries and related benefits | 13,415 | 12,816 | 39,952 | 38,867 |
Occupancy and equipment | 4,809 | 4,907 | 14,365 | 14,571 |
Loss contingency | 3,500 | 3,500 | ||
Outsourced data processing services | 2,292 | 2,383 | 6,930 | 6,710 |
Professional fees | 621 | 512 | 2,277 | 1,533 |
Amortization of identifiable intangibles | 451 | 760 | 1,474 | 2,322 |
Courier service | 448 | 451 | 1,333 | 1,310 |
Other noninterest expense | 1,469 | 2,285 | 5,365 | 7,812 |
Total Noninterest Expense | 27,005 | 24,114 | 75,196 | 73,125 |
Income Before Income Taxes | 21,249 | 21,106 | 65,953 | 63,306 |
Provision for income taxes | 4,256 | 6,089 | 13,444 | 17,441 |
Net Income | $ 16,993 | $ 15,017 | $ 52,509 | $ 45,865 |
Average Common Shares Outstanding (in shares) | 26,701 | 26,309 | 26,622 | 26,260 |
Average Diluted Common Shares Outstanding (in shares) | 26,815 | 26,404 | 26,736 | 26,379 |
Per Common Share Data: | ||||
Basic earnings (in dollars per share) | $ 0.64 | $ 0.57 | $ 1.97 | $ 1.75 |
Diluted earnings (in dollars per share) | 0.63 | 0.57 | 1.96 | 1.74 |
Dividends paid (in dollars per share) | $ 0.40 | $ 0.39 | $ 1.20 | $ 1.17 |
Deposit Account [Member] | ||||
Noninterest Income: | ||||
Noninterest income revenue | $ 4,615 | $ 4,989 | $ 14,012 | $ 14,857 |
Credit Card, Merchant Discount [Member] | ||||
Noninterest Income: | ||||
Noninterest income revenue | 2,464 | 2,153 | 7,190 | 6,080 |
Debit Card [Member] | ||||
Noninterest Income: | ||||
Noninterest income revenue | 1,656 | 1,784 | 4,959 | 4,851 |
Fiduciary and Trust [Member] | ||||
Noninterest Income: | ||||
Noninterest income revenue | 733 | 718 | 2,202 | 2,136 |
ATM Processing Fees [Member] | ||||
Noninterest Income: | ||||
Noninterest income revenue | 687 | 684 | 2,049 | 1,914 |
Financial Service, Other [Member] | ||||
Noninterest Income: | ||||
Noninterest income revenue | 665 | 652 | 1,946 | 1,964 |
Financial Services Commission [Member] | ||||
Noninterest Income: | ||||
Noninterest income revenue | $ 132 | $ 148 | $ 387 | $ 484 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net income | $ 16,993 | $ 15,017 | $ 52,509 | $ 45,865 |
Other comprehensive (loss) income: | ||||
Changes in unrealized gains on debt securities available for sale | (5,915) | 4,179 | (47,915) | 11,413 |
Deferred tax benefit(expense) | 1,749 | (1,757) | 14,164 | (4,799) |
Changes in unrealized gains on debt securities available for sale, net of tax | (4,166) | 2,422 | (33,751) | 6,614 |
Post-retirement benefit transition obligation amortization | 15 | 45 | ||
Deferred tax expense | (6) | (18) | ||
Post-retirement benefit transition obligation amortization, net of tax | 9 | 27 | ||
Total other comprehensive (loss) income | (4,166) | 2,431 | (33,751) | 6,641 |
Total comprehensive income | $ 12,827 | $ 17,448 | $ 18,758 | $ 52,506 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands | Common Stock [Member] | Accumulated Deferred Compensation [Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Dec. 31, 2016 | 25,907 | ||||
Balance at Dec. 31, 2016 | $ 404,606 | $ 1,533 | $ (10,074) | $ 165,302 | $ 561,367 |
Net income for the period | 45,865 | 45,865 | |||
Other comprehensive income | 6,641 | 6,641 | |||
Exercise of stock options (in shares) | 403 | ||||
Exercise of stock options | $ 18,988 | 18,988 | |||
Restricted stock activity (in shares) | 13 | ||||
Restricted stock activity | $ 707 | 707 | |||
Stock based compensation | $ 1,368 | 1,368 | |||
Stock awarded to employees (in shares) | 2 | ||||
Stock awarded to employees | $ 76 | 76 | |||
Retirement of common stock (in shares) | (6) | ||||
Retirement of common stock | $ (90) | (224) | (314) | ||
Dividends | (30,741) | (30,741) | |||
Balance (in shares) at Sep. 30, 2017 | 26,319 | ||||
Balance at Sep. 30, 2017 | $ 425,655 | 1,533 | (3,433) | 180,202 | 603,957 |
Balance (in shares) at Dec. 31, 2017 | 26,425 | ||||
Balance at Dec. 31, 2017 | $ 431,734 | 1,533 | (16,832) | 173,804 | 590,239 |
Cumulative effect of equity securities losses reclassified at Dec. 31, 2017 | 142 | (142) | |||
Adjusted Balance at Dec. 31, 2017 | $ 431,734 | 1,533 | (16,690) | 173,662 | 590,239 |
Balance (in shares) at Dec. 31, 2017 | 26,425 | ||||
Balance at Dec. 31, 2017 | $ 431,734 | 1,533 | (16,832) | 173,804 | 590,239 |
Net income for the period | 52,509 | 52,509 | |||
Other comprehensive income | (33,751) | (33,751) | |||
Exercise of stock options (in shares) | 289 | ||||
Exercise of stock options | $ 13,245 | 13,245 | |||
Restricted stock activity (in shares) | 20 | ||||
Restricted stock activity | $ 1,281 | (138) | 1,143 | ||
Stock based compensation | $ 1,575 | 1,575 | |||
Stock awarded to employees (in shares) | 2 | ||||
Stock awarded to employees | $ 99 | 99 | |||
Retirement of common stock (in shares) | (9) | ||||
Retirement of common stock | $ (149) | (375) | (524) | ||
Dividends | (31,944) | (31,944) | |||
Cumulative effect of equity securities losses reclassified at Dec. 31, 2017 | 142 | (142) | |||
Adjusted Balance at Dec. 31, 2017 | 431,734 | 1,533 | (16,690) | 173,662 | 590,239 |
Reclass stranded tax effects resulting from the Tax Cuts and Jobs Act | (3,625) | 3,625 | |||
Balance (in shares) at Sep. 30, 2018 | 26,727 | ||||
Balance at Sep. 30, 2018 | $ 447,785 | $ 1,395 | $ (54,066) | $ 197,477 | $ 592,591 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | ||
Operating Activities: | |||
Net income | $ 52,509 | $ 45,865 | |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 18,964 | 18,807 | |
Reversal of provision for loan losses | (1,900) | ||
Net amortization of deferred loan (fees) cost | (181) | 34 | |
(Increase) decrease in interest income receivable | (177) | 713 | |
Life insurance premiums paid | (609) | (126) | |
Increase in other assets | (1,287) | (2,088) | |
Increase in income taxes payable | 7,760 | 2,461 | |
(Increase) decrease in net deferred tax asset | (1,345) | 895 | |
Stock option compensation expense | 1,575 | 1,368 | |
Increase (decrease) in interest expense payable | 5 | (8) | |
Increase (decrease) in other liabilities | 3,793 | (1,142) | |
Life insurance gains | (585) | ||
Equity securities losses | 66 | ||
Net writedown of premises and equipment | 3 | 60 | |
Net gain on sale of foreclosed assets | (94) | (72) | |
Writedown of foreclosed assets | 27 | 219 | |
Net Cash Provided by Operating Activities | 80,424 | 65,086 | |
Investing Activities: | |||
Net repayments of loans | 91,594 | 69,319 | |
Net payments under FDIC(1) indemnification agreements | [1] | (63) | |
Proceeds from life insurance | 1,183 | ||
Purchases of debt securities available for sale | (634,113) | (433,525) | |
Proceeds from sale/maturity/calls of debt securities available for sale | 290,663 | 238,888 | |
Proceeds from maturity/calls of debt securities held to maturity | 127,578 | 135,208 | |
Purchases of premises and equipment | (2,830) | (1,980) | |
Net change in FRB(2) stock | [2] | 1 | |
Proceeds from sale of foreclosed assets | 873 | 1,521 | |
Net Cash (Used in) Provided by Investing Activities | (125,052) | 9,369 | |
Financing Activities: | |||
Net change in deposits | 8,224 | 29,839 | |
Net change in short-term borrowings | 3,285 | 7,259 | |
Exercise of stock options | 13,245 | 18,988 | |
Retirement of common stock | (524) | (314) | |
Common stock dividends paid | (31,944) | (30,741) | |
Net Cash (Used in) Provided by Financing Activities | (7,714) | 25,031 | |
Net Change In Cash and Due from Banks | (52,342) | 99,486 | |
Cash and Due from Banks at Beginning of Period | 575,002 | 462,271 | |
Cash and Due from Banks at End of Period | 522,660 | 561,757 | |
Supplemental disclosure of non cash activities: | |||
Loan collateral transferred to other real estate owned | |||
Securities purchases pending settlement | 811 | ||
Supplemental disclosure of cash flow activities: | |||
Interest paid for the period | 1,440 | 1,437 | |
Income tax payments for the period | $ 7,028 | $ 14,657 | |
[1] | Federal Deposit Insurance Corporation ("FDIC") | ||
[2] | Federal Reserve Bank ("FRB") |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | Note 1: The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission and follow general practices within the banking industry. The results of operations reflect interim adjustments, all of which are of a normal recurring nature and which, in the opinion of Management, are necessary for a fair presentation of the results for the interim periods presented. The interim results for the three nine September 30, 2018 not 10 December 31, 2017. |
Note 2 - Accounting Policies
Note 2 - Accounting Policies | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | Note 2: The most significant accounting policies followed by the Company are presented in Note 1 10 December 31, 2017. Application of these principles requires the Company to make certain estimates, assumptions, and judgments that affect the amounts reported in the financial statements and accompanying notes. These estimates, assumptions, and judgments are based on information available as of the date of the financial statements; accordingly, as this information changes, the financial statements could reflect different estimates, assumptions, and judgments. Certain accounting policies inherently have a greater reliance on the use of estimates, assumptions and judgments and as such have a greater possibility of producing results that could be materially different than originally reported. Estimates, assumptions and judgments are necessary when assets and liabilities are required to be recorded at fair value, when a decline in the value of an asset not third Certain amounts in prior periods have been reclassified to conform to the current presentation. Recently Adopted Accounting Standards In the nine September 30, 2018, FASB Accounting Standard Update (ASU) 2014 09 Revenue (Topic 606 May 2014. not 606 not Approximately 73% not Service Charges on Deposit Accounts Merchant Processing Services and Debit Card Fees Trust Fees Gains/Losses on Sales of OREO not The Company adopted the ASU on January 1, 2018 no FASB ASU 2016 01 Financial Instruments – Overall (Subtopic 825 10 January 2016. 9 The Company was required to adopt the ASU provisions on January 1, 2018, not January 1, 2018, $142 FASB ASU 2018 02 Income Statement – Reporting Comprehensive Income (Topic 220 February 2018. 2017 2017. January 1, 2018, $3,625 Recently Issued Accounting Standards FASB ASU 2016 02, Leases (Topic 842 February 25, 2016. January 1, 2019, December 31, 2017, 58 $17.5 not FASB ASU 2016 13, Financial Instruments – Credit Losses (Topic 326 June 16, 2016. The Company will be required to adopt the ASU provisions on January 1, 2020. FASB ASU 2017 08 Receivables – Non-Refundable Fees and Other Costs (Subtopic 310 20 March 2017. not The Company will be required to adopt the ASU provisions on January 1, 2019. not FASB ASU 2017 12 Derivatives and Hedging (Topic 815 August 2017. one The Company will be required to adopt the ASU provisions on January 1, 2019. not may not one FASB ASU 2018 13 Fair Value Measurements (Topic 820 August 2018. The provisions of the ASU are effective January 1, 2020 9 January 1, 2020. not |
Note 3 - Investment Securities
Note 3 - Investment Securities | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 3: Effective January 1, 2018, 2016 01, $1,800 $142 At September 30, 2018, $1,734 nine September 30, 2018, $66 An analysis of the amortized cost and fair value by major categories of debt securities available for sale, which are carried at fair value with net unrealized gains (losses) reported on an after-tax basis as a component of cumulative other comprehensive income, and debt securities held to maturity, which are carried at amortized cost, follows: Amortized Gross Gross Fair At September 30, 2018 (In thousands) Debt securities available for sale Securities of U.S. Government sponsored entities $ 167,222 $ - $ (5,478 ) $ 161,744 Agency residential mortgage-backed securities (MBS) 919,381 243 (41,595 ) 878,029 Non-agency residential MBS 122 2 - 124 Agency commercial MBS 1,877 - (30 ) 1,847 Securities of U.S. Government entities 1,223 - (13 ) 1,210 Obligations of states and political subdivisions 182,851 1,841 (4,349 ) 180,343 Corporate securities 1,282,991 411 (27,791 ) 1,255,611 Total debt securities available for sale 2,555,667 2,497 (79,256 ) 2,478,908 Debt securities held to maturity Agency residential MBS 468,354 200 (21,100 ) 447,454 Non-agency residential MBS 3,524 72 - 3,596 Obligations of states and political subdivisions 553,821 2,526 (4,749 ) 551,598 Total debt securities held to maturity 1,025,699 2,798 (25,849 ) 1,002,648 Total $ 3,581,366 $ 5,295 $ (105,105 ) $ 3,481,556 Amortized Gross Gross Fair At December 31, 2017 (In thousands) Debt securities available for sale Securities of U.S. Government sponsored entities $ 122,285 $ 1 $ (2,967 ) $ 119,319 Agency residential MBS 787,679 522 (20,495 ) 767,706 Non-agency residential MBS 153 1 - 154 Agency commercial MBS 2,244 - (25 ) 2,219 Securities of U.S. Government entities 1,612 - (22 ) 1,590 Obligations of states and political subdivisions 182,907 3,796 (1,482 ) 185,221 Corporate securities 1,123,671 1,104 (9,277 ) 1,115,498 Total debt securities available for sale 2,220,551 5,424 (34,268 ) 2,191,707 Debt securities held to maturity Agency residential MBS 545,883 606 (9,850 ) 536,639 Non-agency residential MBS 4,462 70 - 4,532 Agency commercial MBS 9,041 - (66 ) 8,975 Obligations of states and political subdivisions 599,478 7,736 (2,018 ) 605,196 Total debt securities held to maturity 1,158,864 8,412 (11,934 ) 1,155,342 Total $ 3,379,415 $ 13,836 $ (46,202 ) $ 3,347,049 The amortized cost and fair value of debt At September 30, 2018 Debt Securities Available Debt Securities Held Amortized Fair Amortized Fair (In thousands) Maturity in years: 1 year or less $ 128,356 $ 128,080 $ 90,266 $ 90,491 Over 1 to 5 years 1,355,592 1,323,725 220,377 219,016 Over 5 to 10 years 111,553 110,850 242,137 241,023 Over 10 years 38,786 36,253 1,041 1,068 Subtotal 1,634,287 1,598,908 553,821 551,598 MBS 921,380 880,000 471,878 451,050 Total $ 2,555,667 $ 2,478,908 $ 1,025,699 $ 1,002,648 At December 31, 2017 Debt Securities Available Debt Securities Held Amortized Fair Amortized Fair (In thousands) Maturity in years: 1 year or less $ 193,337 $ 193,385 $ 50,295 $ 51,105 Over 1 to 5 years 1,031,807 1,023,047 269,050 269,471 Over 5 to 10 years 159,266 160,042 277,170 281,546 Over 10 years 46,065 45,154 2,963 3,074 Subtotal 1,430,475 1,421,628 599,478 605,196 MBS 790,076 770,079 559,386 550,146 Total $ 2,220,551 $ 2,191,707 $ 1,158,864 $ 1,155,342 Expected maturities of mortgage-related securities can differ from contractual maturities because borrowers have the right to call or prepay obligations with or without call or prepayment penalties. In addition, such factors as prepayments and interest rates may September 30, 2018 December 31, 2017, no An analysis of the gross unrealized losses of the debt securities available for sale portfolio follows: Debt Securities Available for Sale At September 30, 2018 No. of Less than 12 months No. of 12 months or longer No. of Total Investment Unrealized Investment Unrealized Investment Unrealized Positions Fair Value Losses Positions Fair Value Losses Positions Fair Value Losses ($ in thousands) Securities of U.S. Government sponsored entities 5 $ 46,531 $ (461 ) 8 $ 115,213 $ (5,017 ) 13 $ 161,744 $ (5,478 ) Agency residential MBS 23 421,962 (9,816 ) 50 447,104 (31,779 ) 73 869,066 (41,595 ) Agency commercial MBS - - - 1 1,847 (30 ) 1 1,847 (30 ) Securities of U.S. Government entities - - - 2 1,210 (13 ) 2 1,210 (13 ) Obligations of states and political subdivisions 43 32,193 (392 ) 74 67,715 (3,957 ) 117 99,908 (4,349 ) Corporate securities 86 826,287 (16,386 ) 37 333,319 (11,405 ) 123 1,159,606 (27,791 ) Total 157 $ 1,326,973 $ (27,055 ) 172 $ 966,408 $ (52,201 ) 329 $ 2,293,381 $ (79,256 ) An analysis of gross unrecognized losses of the debt securities held to maturity portfolio follows: Debt Securities Held to Maturity At September 30, 2018 No. of Less than 12 months No. of 12 months or longer No. of Total Investment Unrecognized Investment Unrecognized Investment Unrecognized Positions Fair Value Losses Positions Fair Value Losses Positions Fair Value Losses ($ in thousands) Agency residential MBS 26 $ 34,278 $ (952 ) 70 $ 404,842 $ (20,148 ) 96 $ 439,120 $ (21,100 ) Obligations of states and political subdivisions 224 191,579 (1,540 ) 162 164,011 (3,209 ) 386 355,590 (4,749 ) Total 250 $ 225,857 $ (2,492 ) 232 $ 568,853 $ (23,357 ) 482 $ 794,710 $ (25,849 ) The unrealized losses on the Company’s debt securities were caused by market conditions for these types of investments, particularly changes in risk-free interest rates. The Company evaluates debt securities on a quarterly basis including changes in security ratings issued by rating agencies, changes in the financial condition of the issuer, and, for mortgage-backed and asset-backed securities, delinquency and loss information with respect to the underlying collateral, changes in the levels of subordination for the Company’s particular position within the repayment structure and remaining credit enhancement as compared to expected credit losses of the security. Substantially all of these securities continue to be investment grade rated by a major rating agency. One corporate bond with a carrying value of $15.0 $14.1 September 30, 2018, The Company does not not not not September 30, 2018. The fair values of the debt securities could decline in the future if the general economy deteriorates, inflation increases, credit ratings decline, the issuer’s financial condition deteriorates, or the liquidity for debt securities declines. As a result, other than temporary impairments may As of September 30, 2018 December 31, 2017, $740,177 $715,774 An analysis of gross unrealized losses of debt securities available for sale follows: Debt Securities Available for Sale At December 31, 2017 No. of Less than 12 months No. of 12 months or longer No. of Total Investment Unrealized Investment Unrealized Investment Unrealized Positions Fair Value Losses Positions Fair Value Losses Positions Fair Value Losses ($ in thousands) Securities of U.S. Government sponsored entities 1 $ 996 $ (2 ) 8 $ 117,252 $ (2,965 ) 9 $ 118,248 $ (2,967 ) Agency residential MBS 7 238,554 (1,501 ) 51 516,711 (18,994 ) 58 755,265 (20,495 ) Non-agency residential MBS 1 1 - - - - 1 1 - Agency commercial; MBS 2 2,219 (25 ) - - - 2 2,219 (25 ) Securities of U.S. Government entities - - - 3 1,590 (22 ) 3 1,590 (22 ) Obligations of states and political subdivisions 50 21,453 (228 ) 35 52,071 (1,254 ) 85 73,524 (1,482 ) Corporate securities 64 571,112 (4,047 ) 38 282,924 (5,230 ) 102 854,036 (9,277 ) Total 125 $ 834,335 $ (5,803 ) 135 $ 970,548 $ (28,465 ) 260 $ 1,804,883 $ (34,268 ) An analysis of gross unrecognized losses of the debt securities held to maturity portfolio follows: Debt Securities Held to Maturity At December 31, 2017 No. of Less than 12 months No. of 12 months or longer No. of Total Investment Unrecognized Investment Unrecognized Investment Unrecognized Positions Fair Value Losses Positions Fair Value Losses Positions Fair Value Losses ($ in thousands) Agency residential MBS 15 $ 30,218 $ (201 ) 65 $ 479,775 $ (9,649 ) 80 $ 509,993 $ (9,850 ) Agency commercial MBS 1 1,913 (4 ) 1 7,062 (62 ) 2 8,975 (66 ) Obligations of states and political subdivisions 146 131,032 (553 ) 59 58,979 (1,465 ) 205 190,011 (2,018 ) Total 162 $ 163,163 $ (758 ) 125 $ 545,816 $ (11,176 ) 287 $ 708,979 $ (11,934 ) The following table provides information about the amount of interest income earned on investment securities which is fully taxable and which is exempt from regular federal income tax: For the Three Months For the Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands) Taxable $ 16,780 $ 12,957 $ 47,327 $ 37,584 Tax-exempt from regular federal income tax 4,880 5,106 14,768 15,718 Total interest income from investment securities $ 21,660 $ 18,063 $ 62,095 $ 53,302 |
Note 4 - Loans, Allowance for L
Note 4 - Loans, Allowance for Loan Losses and Other Real Estate Owned | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4: A summary of the major categories of loans outstanding is shown in the following table at the dates indicated. At September 30, At December 31, (In thousands) Commercial $ 276,031 $ 335,996 Commercial Real Estate 567,213 568,584 Construction 3,939 5,649 Residential Real Estate 48,150 65,183 Consumer Installment & Other 301,622 312,570 Total $ 1,196,955 $ 1,287,982 Total loans outstanding reported above include loans purchased from the FDIC of $65,868 $83,478 September 30, 2018 December 31, 2017, Changes in the accretable yield for purchased loans were as follows: For the For the Accretable yield: (In thousands) Balance at the beginning of the period $ 738 $ 1,237 Reclassification from nonaccretable difference 896 1,852 Accretion (1,380 ) (2,351 ) Balance at the end of the period $ 254 $ 738 Accretion $ (1,380 ) $ (2,351 ) Change in FDIC indemnification 2 192 (Increase) in interest income $ (1,378 ) $ (2,159 ) The following summarizes activity in the allowance for loan losses: Allowance for Loan Losses Commercial Commercial Construction Residential Consumer Unallocated Total (In thousands) Allowance for loan losses: Balance at beginning of period $ 8,275 $ 3,789 $ 210 $ 1,064 $ 5,943 $ 3,759 $ 23,040 (Reversal) provision (184 ) 372 44 (120 ) (137 ) 25 - Chargeoffs (384 ) (240 ) - - (845 ) - (1,469 ) Recoveries 103 - - - 353 - 456 Total allowance for loan losses $ 7,810 $ 3,921 $ 254 $ 944 $ 5,314 $ 3,784 $ 22,027 Allowance for Loan Losses Commercial Commercial Construction Residential Consumer Unallocated Total (In thousands) Allowance for loan losses: Balance at beginning of period $ 7,746 $ 3,849 $ 335 $ 995 $ 6,418 $ 3,666 $ 23,009 (Reversal) provision (863 ) 312 (81 ) (51 ) 565 118 - Chargeoffs (425 ) (240 ) - - (3,015 ) - (3,680 ) Recoveries 1,352 - - - 1,346 - 2,698 Total allowance for loan losses $ 7,810 $ 3,921 $ 254 $ 944 $ 5,314 $ 3,784 $ 22,027 Allowance for Loan Losses Commercial Commercial Construction Residential Consumer Unallocated Total (In thousands) Allowance for loan losses: Balance at beginning of period $ 8,167 $ 3,545 $ 160 $ 1,105 $ 7,215 $ 3,911 $ 24,103 (Reversal) provision (391 ) 288 136 (50 ) 167 (150 ) - Chargeoffs (132 ) - - - (886 ) - (1,018 ) Recoveries 128 - - - 415 - 543 Total allowance for loan losses $ 7,772 $ 3,833 $ 296 $ 1,055 $ 6,911 $ 3,761 $ 23,628 Allowance for Loan Losses Commercial Commercial Construction Residential Consumer Unallocated Total (In thousands) Allowance for loan losses: Balance at beginning of period $ 8,327 $ 3,330 $ 152 $ 1,330 $ 7,980 $ 4,835 $ 25,954 (Reversal) provision (220 ) 415 (1,755 ) (275 ) 1,009 (1,074 ) (1,900 ) Chargeoffs (961 ) - - - (3,783 ) - (4,744 ) Recoveries 626 88 1,899 - 1,705 - 4,318 Total allowance for loan losses $ 7,772 $ 3,833 $ 296 $ 1,055 $ 6,911 $ 3,761 $ 23,628 The allowance for loan losses and recorded investment in loans evaluated for impairment were as follows: Allowance for Loan Losses and Recorded Investment in Loans Evaluated for Impairment Commercial Commercial Construction Residential Consumer Unallocated Total (In thousands) Allowance for loan losses: Individually evaluated for impairment $ 4,668 $ 172 $ - $ - $ - $ - $ 4,840 Collectively evaluated for impairment 3,142 3,749 254 944 5,314 3,784 17,187 Purchased loans with evidence of credit deterioration - - - - - - - Total $ 7,810 $ 3,921 $ 254 $ 944 $ 5,314 $ 3,784 $ 22,027 Carrying value of loans: Individually evaluated for impairment $ 10,254 $ 10,816 $ - $ 202 $ - $ - $ 21,272 Collectively evaluated for impairment 265,740 556,173 3,939 47,948 301,473 - 1,175,273 Purchased loans with evidence of credit deterioration 37 224 - - 149 - 410 Total $ 276,031 $ 567,213 $ 3,939 $ 48,150 $ 301,622 $ - $ 1,196,955 Allowance for Loan Losses and Recorded Investment in Loans Evaluated for Impairment Commercial Commercial Construction Residential Consumer Unallocated Total (In thousands) Allowance for loan losses: Individually evaluated for impairment $ 4,814 $ 171 $ - $ - $ - $ - $ 4,985 Collectively evaluated for impairment 2,932 3,678 335 995 6,418 3,666 18,024 Purchased loans with evidence of credit deterioration - - - - - - - Total $ 7,746 $ 3,849 $ 335 $ 995 $ 6,418 $ 3,666 $ 23,009 Carrying value of loans: Individually evaluated for impairment $ 10,675 $ 14,234 $ - $ 208 $ - $ - $ 25,117 Collectively evaluated for impairment 325,291 553,769 5,649 64,975 312,406 - 1,262,090 Purchased loans with evidence of credit deterioration 30 581 - - 164 - 775 Total $ 335,996 $ 568,584 $ 5,649 $ 65,183 $ 312,570 $ - $ 1,287,982 The Company’s customers are small businesses, professionals and consumers. Given the scale of these borrowers, corporate credit rating agencies do not The following summarizes the loan credit risk profile by internally assigned grade: Loan Credit Risk Profile by Internally Assigned Grade Commercial Commercial Construction Residential Consumer Total (In thousands) Grade: Pass $ 264,908 $ 551,956 $ 3,939 $ 46,901 $ 299,590 $ 1,167,294 Substandard 11,123 15,257 - 1,249 1,618 29,247 Doubtful - - - - 56 56 Loss - - - - 358 358 Total $ 276,031 $ 567,213 $ 3,939 $ 48,150 $ 301,622 $ 1,196,955 Credit risk profile reflects internally assigned grades of purchased covered loans without regard to FDIC indemnification on $6,086 Loan Credit Risk Profile by Internally Assigned Grade Commercial Commercial Construction Residential Consumer Total (In thousands) Grade: Pass $ 324,185 $ 548,853 $ 5,649 $ 62,253 $ 310,429 $ 1,251,369 Substandard 11,811 19,731 - 2,930 1,370 35,842 Doubtful - - - - 1 1 Loss - - - - 770 770 Total $ 335,996 $ 568,584 $ 5,649 $ 65,183 $ 312,570 $ 1,287,982 Credit risk profile reflects internally assigned grades of purchased covered loans without regard to FDIC indemnification on $7,766 The following tables summarize loans by delinquency and nonaccrual status: Summary of Loans by Delinquency and Nonaccrual Status Current and 30-59 Days 60-89 Days Past Due 90 Nonaccrual Total Loans (In thousands) Commercial $ 275,259 $ 425 $ 347 $ - $ - $ 276,031 Commercial real estate 559,441 2,334 - - 5,438 567,213 Construction 3,939 - - - - 3,939 Residential real estate 47,634 516 - - - 48,150 Consumer installment and other 297,416 3,001 801 361 43 301,622 Total $ 1,183,689 $ 6,276 $ 1,148 $ 361 $ 5,481 $ 1,196,955 Summary of Loans by Delinquency and Nonaccrual Status Current and 30-59 Days 60-89 Days Past Due 90 Nonaccrual Total Loans (In thousands) Commercial $ 334,908 $ 627 $ 164 $ - $ 297 $ 335,996 Commercial real estate 561,883 1,143 125 - 5,433 568,584 Construction 5,649 - - - - 5,649 Residential real estate 65,183 - - - - 65,183 Consumer installment and other 307,445 3,321 1,077 531 196 312,570 Total $ 1,275,068 $ 5,091 $ 1,366 $ 531 $ 5,926 $ 1,287,982 There were no September 30, 2018 December 31, 2017. The following summarizes impaired loans: Impaired Loans At September 30, At December 31, Recorded Unpaid Related Recorded Unpaid Related (In thousands) With no related allowance recorded: Commercial $ 809 $ 845 $ - $ 1,212 $ 1,271 $ - Commercial real estate 9,690 11,632 - 13,169 14,985 - Residential real estate 202 232 - 208 239 - Consumer installment and other 192 298 - 360 466 - Total with no related allowance recorded 10,893 13,007 - 14,949 16,961 - With an allowance recorded: Commercial 9,482 9,482 4,668 9,764 9,764 4,814 Commercial real estate 1,750 1,752 172 1,790 1,792 171 Total with an allowance recorded 11,232 11,234 4,840 11,554 11,556 4,985 Total $ 22,125 $ 24,241 $ 4,840 $ 26,503 $ 28,517 $ 4,985 Impaired loans include troubled debt restructured loans. Impaired loans at September 30, 2018, $8,747 $4,270 December 31, 2017, $12,081 $4,285 Impaired Loans For the Three Months Ended September 30, For the Nine Months Ended September 30, 2018 2017 2018 2017 Average Recognized Average Recognized Average Recognized Average Recognized (In thousands) Commercial $ 10,426 $ 175 $ 11,125 $ 130 $ 10,671 $ 495 $ 11,203 $ 366 Commercial real estate 11,282 189 14,681 208 12,291 615 14,826 669 Residential real estate 203 4 365 4 205 12 494 13 Consumer installment and other 173 4 340 3 261 10 466 17 Total $ 22,084 $ 372 $ 26,511 $ 345 $ 23,428 $ 1,132 $ 26,989 $ 1,065 The following tables provide information on troubled debt restructurings: Troubled Debt Restructurings Number of Pre-Modification Period-End Period-End ($ in thousands) Commercial 5 $ 2,324 $ 904 $ 34 Commercial real estate 8 9,237 7,642 - Residential real estate 1 241 201 - Total 14 $ 11,802 $ 8,747 $ 34 Troubled Debt Restructurings Number of Pre-Modification Period-End Period-End ($ in thousands) Commercial 7 $ 2,393 $ 1,085 $ 43 Commercial real estate 10 11,528 10,788 - Residential real estate 1 241 208 - Total 18 $ 14,162 $ 12,081 $ 43 During the three nine September 30, 2018, not three nine September 30, 2017, one $50 four $699 four first nine 2017 no three nine September 30, 2018. three nine September 30, 2017, one $58 three nine September 30, 2018 2017, no 12 ninety There were no September 30, 2018 December 31, 2017. There were no September 30, 2018 December 31, 2017. At September 30, 2018 December 31, 2017, $620 0 $1,426 $1,905 no $19 September 30, 2018 $196 December 31, 2017. |
Note 5 - Concentration of Credi
Note 5 - Concentration of Credit Risk | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | Note 5: Under the California Financial Code, credit extended to any one one not not 15 not 25 September 30, 2018, not one September 30, 2018, 35 $5 4, $52,842 $53,874 September 30, 2018 December 31, 2017, no 75% no 80% September 30, 2018, 80 $5 |
Note 6 - Other Assets
Note 6 - Other Assets | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Other Assets Disclosure [Text Block] | Note 6: Other assets consisted of the following: At September 30, At December 31, (In thousands) Equity securities without readily determinable fair values: Federal Reserve Bank stock (1) $ 14,069 $ 14,069 Other investments 158 158 Total equity securities without readily determinable fair values 14,227 14,227 Life insurance cash surrender value 55,442 54,101 Net deferred tax asset 48,622 33,112 Limited partnership investments 10,919 10,119 Interest receivable 23,734 23,557 Prepaid assets 4,119 4,906 Other assets 8,411 18,428 Total other assets $ 165,474 $ 158,450 ( 1 A bank applying for membership in the Federal Reserve System is required to subscribe to stock in the Federal Reserve Bank (FRB) in its district in a sum equal to six The Company owns 211 0 July 5, 2018, June 28, 2018 1.6483 1.6298. $150.09 September 28, 2018, third 2018. The Company invests in flow-through limited liability entities that manage or invest in affordable housing projects that qualify for low-income housing tax credits. At September 30, 2018, $10,919 $5,088 December 31, 2017, $10,119 $2,299 September 30, 2018, $5,088 $552 2018, $364 2019, $2,026 2020, $138 2021, $261 2022, $134 2023, $1,041 2024 $572 2025 The amounts recognized in net income for these investments include: For the Three Months Ended For the Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands) Investment loss included in pre-tax income $ 900 $ 450 $ 2,200 $ 1,350 Tax credits recognized in provision for income taxes 336 463 1,008 1,388 |
Note 7 - Goodwill and Identifia
Note 7 - Goodwill and Identifiable Intangible Assets | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | Note 7: The Company has recorded goodwill and other identifiable intangibles associated with purchase business combinations. Goodwill is not not three nine September 30, 2018 December 31, 2017. three nine September 30, 2018 December 31, 2017 no The carrying values of goodwill were: At September 30, 2018 At December 31, 2017 (In thousands) Goodwill $ 121,673 $ 121,673 The gross carrying amount of identifiable intangible assets and accumulated amortization was: At September 30, At December 31, Gross Accumulated Gross Accumulated (In thousands) Core Deposit Intangibles $ 56,808 $ (54,432 ) $ 56,808 $ (52,987 ) Merchant Draft Processing Intangible 10,300 (10,300 ) 10,300 (10,271 ) Total Identifiable Intangible Assets $ 67,108 $ (64,732 ) $ 67,108 $ (63,258 ) As of September 30, 2018, Core Merchant Total (In thousands) For the Nine Months ended September 30, 2018 (actual) $ 1,445 $ 29 $ 1,474 Estimate for the remainder of year ending December 31, 2018 447 - 447 Estimate for year ending December 31, 2019 538 - 538 2020 287 - 287 2021 269 - 269 2022 252 - 252 2023 236 - 236 |
Note 8 - Deposits and Borrowed
Note 8 - Deposits and Borrowed Funds | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Deposits and Borrowed Funds [Text Block] | Note 8: The following table provides additional detail regarding deposits. Deposits At September 30, At December 31, (In thousands) Noninterest-bearing $ 2,211,028 $ 2,197,526 Interest-bearing: Transaction 909,954 904,245 Savings 1,510,015 1,494,024 Time deposits less than $100 thousand 107,755 117,848 Time deposits $100 thousand through $250 thousand 68,677 76,578 Time deposits more than $250 thousand 28,408 37,392 Total deposits $ 4,835,837 $ 4,827,613 Demand deposit overdrafts of $950 $2,786 September 30, 2018 December 31, 2017, $100 $91 $283 three nine September 30, 2018, $103 $314 three nine September 30, 2017, The following table provides additional detail regarding short-term borrowed funds. Repurchase Agreements (Sweep) Remaining Contractual Maturity of the Agreements At September 30, 2018 At December 31, 2017 Repurchase agreements: (In thousands) Collateral securing borrowings: Securities of U.S. Government sponsored entities $ 72,675 $ 74,173 Agency residential MBS 59,367 58,251 Corporate securities 91,818 105,113 Total collateral carrying value $ 223,860 $ 237,537 Total short-term borrowed funds $ 61,756 $ 58,471 |
Note 9 - Fair Value Measurement
Note 9 - Fair Value Measurements | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 9: The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Equity securities and debt securities available for sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may In accordance with the Fair Value Measurement and Disclosure topic of the FASB Accounting Standards Codification, the Company bases its fair values on the price that would be received to sell an asset or paid to transfer a liability in the principal market or most advantageous market for an asset or liability in an orderly transaction between market participants on the measurement date under current market conditions. A fair value measurement reflects all of the assumptions that market participants would use in pricing the asset or liability, including assumptions about the risk inherent in a particular valuation technique, the effect of a restriction on the sale or use of an asset, and the risk of nonperformance. The Company groups its assets and liabilities measured at fair value into a three Level 1 1 Level 2 not 2 Level 3 not The Company relies on independent vendor pricing services to measure fair value for equity securities, debt securities available for sale and debt securities held to maturity. The Company employs three 95 may not The Company regularly reviews the valuation techniques and assumptions used by its vendors and determines which valuation techniques are utilized based on observable market inputs for the type of securities being measured. The Company uses the information to determine the placement in the fair value hierarchy as level 1, 2 3. Assets Recorded at Fair Value on a Recurring Basis The tables below present assets measured at fair value on a recurring basis on the dates indicated. At September 30, 2018 Fair Value Quoted Prices in Significant Other Significant (1) (In thousands) Equity securities Mutual funds $ 1,734 $ - $ 1,734 $ - Total equity securities 1,734 - 1,734 - Debt securities available for sale Securities of U.S. Government sponsored entities 161,744 - 161,744 - Agency residential MBS 878,029 - 878,029 - Non-agency residential MBS 124 - 124 - Agency commercial MBS 1,847 - 1,847 - Securities of U.S. Government entities 1,210 - 1,210 - Obligations of states and political subdivisions 180,343 - 180,343 - Corporate securities 1,255,611 - 1,255,611 - Total debt securities available for sale 2,478,908 - 2,478,908 - Total $ 2,480,642 $ - $ 2,480,642 $ - ( 1 There were no 3 nine September 30, 2018. At December 31, 2017 Fair Value Quoted Prices in Significant Other Significant (1) (In thousands) Equity securities Mutual funds $ 1,800 $ - $ 1,800 $ - Total equity securities 1,800 - 1,800 - Debt securities available for sale Securities of U.S. Government sponsored entities 119,319 - 119,319 - Agency residential MBS 767,706 - 767,706 - Non-agency residential MBS 154 - 154 - Agency commercial MBS 2,219 - 2,219 - Securities of U.S. Government entities 1,590 - 1,590 - Obligations of states and political subdivisions 185,221 - 185,221 - Corporate securities 1,115,498 - 1,115,498 - Total debt securities available for sale 2,191,707 - 2,191,707 - Total $ 2,193,507 $ - $ 2,193,507 $ - ( 1 There were no 3 December 31, 2017. Assets Recorded at Fair Value on a Nonrecurring Basis The Company may September 30, 2018 December 31, 2017, For the Nine Months Ended At September 30, 2018 September 30, 2018 Carrying Value Level 1 Level 2 Level 3 Total Losses (In thousands) Other real estate owned $ 620 $ - $ - $ 620 $ - Impaired loans: Commercial 4,815 - - 4,815 - Commercial real estate 5,448 - - 5,448 (240 ) Total assets measured at fair value on a nonrecurring basis $ 10,883 $ - $ - $ 10,883 $ (240 ) For the Year Ended At December 31, 2017 December 31, 2017 Carrying Value Level 1 Level 2 Level 3 Total Losses (In thousands) Other real estate owned $ 1,426 $ - $ - $ 1,426 $ (219 ) Impaired loans: Commercial 4,950 - - 4,950 - Commercial real estate 5,904 - - 5,904 - Total assets measured at fair value on a nonrecurring basis $ 12,280 $ - $ - $ 12,280 $ (219 ) Level 3 third 10% 3 not not Disclosures about Fair Value of Financial Instruments The following section describes the valuation methodologies used by the Company for estimating fair value of financial instruments not 2016 01, Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities January 1, 2018. Cash and Due from Banks Debt Securities Held to Maturity 2 Loans Prior to adoption of ASU 2016 01, two $23,009 December 31, 2017 Deposit Liabilities no no Prior to adoption of ASU 2016 01, Short-Term Borrowed Funds The tables below are a summary of fair value estimates for financial instruments and the level of the fair value hierarchy within which the fair value measurements are categorized, excluding financial instruments recorded at fair value on a recurring basis. The values assigned do not may not may The Company has not not not not At September 30, 2018 Carrying Estimated Fair Quoted Prices in Significant Other Significant Financial Assets: (In thousands) Cash and due from banks $ 522,660 $ 522,660 $ 522,660 $ - $ - Debt securities held to maturity 1,025,699 1,002,648 - 1,002,648 - Loans 1,174,928 1,176,889 - - 1,176,889 Financial Liabilities: Deposits $ 4,835,837 $ 4,832,135 $ - $ 4,630,997 $ 201,138 Short-term borrowed funds 61,756 61,756 - 61,756 - At December 31, 2017 Carrying Estimated Fair Quoted Prices in Significant Other Significant Financial Assets: (In thousands) Cash and due from banks $ 575,002 $ 575,002 $ 575,002 $ - $ - Debt securities held to maturity 1,158,864 1,155,342 - 1,155,342 - Loans 1,264,973 1,257,811 - - 1,257,811 Financial Liabilities: Deposits $ 4,827,613 $ 4,824,586 $ - $ 4,595,795 $ 228,791 Short-term borrowed funds 58,471 58,471 - 58,471 - The majority of the Company’s standby letters of credit and other commitments to extend credit carry current market interest rates if converted to loans. No |
Note 10 - Commitments and Conti
Note 10 - Commitments and Contingent Liabilities | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 10: Loan commitments are agreements to lend to a customer provided there is no not $292,704 $272,646 September 30, 2018 December 31, 2017, $2,904 $19,263 September 30, 2018 December 31, 2017, no September 30, 2018 December 31, 2017. $2,308 September 30, 2018 $2,308 December 31, 2017, Due to the nature of its business, the Company is subject to various threatened or filed legal cases. Based on the advice of legal counsel, the Company does not third 2018, $3,500 The Company has determined that it will be obligated to provide refunds of revenue recognized in years prior to 2017 $5,542 |
Note 11 - Earnings Per Common S
Note 11 - Earnings Per Common Share | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 11: The table below shows earnings per common share and diluted earnings per common share. Basic earnings per common share are computed by dividing net income by the average number of common shares outstanding during the period. Diluted earnings per common share are computed by dividing net income by the average number of common shares outstanding during the period plus the impact of common stock equivalents. For the Three Months For the Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands, except per share data) Net income applicable to common equity (numerator) $ 16,993 $ 15,017 $ 52,509 $ 45,865 Basic earnings per common share Weighted average number of common shares outstanding - basic (denominator) 26,701 26,309 26,622 26,260 Basic earnings per common share $ 0.64 $ 0.57 $ 1.97 $ 1.75 Diluted earnings per common share Weighted average number of common shares outstanding - basic 26,701 26,309 26,622 26,260 Add common stock equivalents for options 114 95 114 119 Weighted average number of common shares outstanding - diluted (denominator) 26,815 26,404 26,736 26,379 Diluted earnings per common share $ 0.63 $ 0.57 $ 1.96 $ 1.74 For the three nine September 30, 2018, 326 432 not For the three nine September 30, 2017, 376 343 not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2018 | |
Accounting Policies [Abstract] | |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Adopted Accounting Standards In the nine September 30, 2018, FASB Accounting Standard Update (ASU) 2014 09 Revenue (Topic 606 May 2014. not 606 not Approximately 73% not Service Charges on Deposit Accounts Merchant Processing Services and Debit Card Fees Trust Fees Gains/Losses on Sales of OREO not The Company adopted the ASU on January 1, 2018 no FASB ASU 2016 01 Financial Instruments – Overall (Subtopic 825 10 January 2016. 9 The Company was required to adopt the ASU provisions on January 1, 2018, not January 1, 2018, $142 FASB ASU 2018 02 Income Statement – Reporting Comprehensive Income (Topic 220 February 2018. 2017 2017. January 1, 2018, $3,625 Recently Issued Accounting Standards FASB ASU 2016 02, Leases (Topic 842 February 25, 2016. January 1, 2019, December 31, 2017, 58 $17.5 not FASB ASU 2016 13, Financial Instruments – Credit Losses (Topic 326 June 16, 2016. The Company will be required to adopt the ASU provisions on January 1, 2020. FASB ASU 2017 08 Receivables – Non-Refundable Fees and Other Costs (Subtopic 310 20 March 2017. not The Company will be required to adopt the ASU provisions on January 1, 2019. not FASB ASU 2017 12 Derivatives and Hedging (Topic 815 August 2017. one The Company will be required to adopt the ASU provisions on January 1, 2019. not may not one FASB ASU 2018 13 Fair Value Measurements (Topic 820 August 2018. The provisions of the ASU are effective January 1, 2020 9 January 1, 2020. not |
Note 3 - Investment Securities
Note 3 - Investment Securities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Debt Securities, Available-for-sale and Held-to-maturity [Table Text Block] | Amortized Gross Gross Fair At September 30, 2018 (In thousands) Debt securities available for sale Securities of U.S. Government sponsored entities $ 167,222 $ - $ (5,478 ) $ 161,744 Agency residential mortgage-backed securities (MBS) 919,381 243 (41,595 ) 878,029 Non-agency residential MBS 122 2 - 124 Agency commercial MBS 1,877 - (30 ) 1,847 Securities of U.S. Government entities 1,223 - (13 ) 1,210 Obligations of states and political subdivisions 182,851 1,841 (4,349 ) 180,343 Corporate securities 1,282,991 411 (27,791 ) 1,255,611 Total debt securities available for sale 2,555,667 2,497 (79,256 ) 2,478,908 Debt securities held to maturity Agency residential MBS 468,354 200 (21,100 ) 447,454 Non-agency residential MBS 3,524 72 - 3,596 Obligations of states and political subdivisions 553,821 2,526 (4,749 ) 551,598 Total debt securities held to maturity 1,025,699 2,798 (25,849 ) 1,002,648 Total $ 3,581,366 $ 5,295 $ (105,105 ) $ 3,481,556 Amortized Gross Gross Fair At December 31, 2017 (In thousands) Debt securities available for sale Securities of U.S. Government sponsored entities $ 122,285 $ 1 $ (2,967 ) $ 119,319 Agency residential MBS 787,679 522 (20,495 ) 767,706 Non-agency residential MBS 153 1 - 154 Agency commercial MBS 2,244 - (25 ) 2,219 Securities of U.S. Government entities 1,612 - (22 ) 1,590 Obligations of states and political subdivisions 182,907 3,796 (1,482 ) 185,221 Corporate securities 1,123,671 1,104 (9,277 ) 1,115,498 Total debt securities available for sale 2,220,551 5,424 (34,268 ) 2,191,707 Debt securities held to maturity Agency residential MBS 545,883 606 (9,850 ) 536,639 Non-agency residential MBS 4,462 70 - 4,532 Agency commercial MBS 9,041 - (66 ) 8,975 Obligations of states and political subdivisions 599,478 7,736 (2,018 ) 605,196 Total debt securities held to maturity 1,158,864 8,412 (11,934 ) 1,155,342 Total $ 3,379,415 $ 13,836 $ (46,202 ) $ 3,347,049 |
Investments Classified by Contractual Maturity Date [Table Text Block] | At September 30, 2018 Debt Securities Available Debt Securities Held Amortized Fair Amortized Fair (In thousands) Maturity in years: 1 year or less $ 128,356 $ 128,080 $ 90,266 $ 90,491 Over 1 to 5 years 1,355,592 1,323,725 220,377 219,016 Over 5 to 10 years 111,553 110,850 242,137 241,023 Over 10 years 38,786 36,253 1,041 1,068 Subtotal 1,634,287 1,598,908 553,821 551,598 MBS 921,380 880,000 471,878 451,050 Total $ 2,555,667 $ 2,478,908 $ 1,025,699 $ 1,002,648 At December 31, 2017 Debt Securities Available Debt Securities Held Amortized Fair Amortized Fair (In thousands) Maturity in years: 1 year or less $ 193,337 $ 193,385 $ 50,295 $ 51,105 Over 1 to 5 years 1,031,807 1,023,047 269,050 269,471 Over 5 to 10 years 159,266 160,042 277,170 281,546 Over 10 years 46,065 45,154 2,963 3,074 Subtotal 1,430,475 1,421,628 599,478 605,196 MBS 790,076 770,079 559,386 550,146 Total $ 2,220,551 $ 2,191,707 $ 1,158,864 $ 1,155,342 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Debt Securities Available for Sale At September 30, 2018 No. of Less than 12 months No. of 12 months or longer No. of Total Investment Unrealized Investment Unrealized Investment Unrealized Positions Fair Value Losses Positions Fair Value Losses Positions Fair Value Losses ($ in thousands) Securities of U.S. Government sponsored entities 5 $ 46,531 $ (461 ) 8 $ 115,213 $ (5,017 ) 13 $ 161,744 $ (5,478 ) Agency residential MBS 23 421,962 (9,816 ) 50 447,104 (31,779 ) 73 869,066 (41,595 ) Agency commercial MBS - - - 1 1,847 (30 ) 1 1,847 (30 ) Securities of U.S. Government entities - - - 2 1,210 (13 ) 2 1,210 (13 ) Obligations of states and political subdivisions 43 32,193 (392 ) 74 67,715 (3,957 ) 117 99,908 (4,349 ) Corporate securities 86 826,287 (16,386 ) 37 333,319 (11,405 ) 123 1,159,606 (27,791 ) Total 157 $ 1,326,973 $ (27,055 ) 172 $ 966,408 $ (52,201 ) 329 $ 2,293,381 $ (79,256 ) Debt Securities Held to Maturity At September 30, 2018 No. of Less than 12 months No. of 12 months or longer No. of Total Investment Unrecognized Investment Unrecognized Investment Unrecognized Positions Fair Value Losses Positions Fair Value Losses Positions Fair Value Losses ($ in thousands) Agency residential MBS 26 $ 34,278 $ (952 ) 70 $ 404,842 $ (20,148 ) 96 $ 439,120 $ (21,100 ) Obligations of states and political subdivisions 224 191,579 (1,540 ) 162 164,011 (3,209 ) 386 355,590 (4,749 ) Total 250 $ 225,857 $ (2,492 ) 232 $ 568,853 $ (23,357 ) 482 $ 794,710 $ (25,849 ) Debt Securities Available for Sale At December 31, 2017 No. of Less than 12 months No. of 12 months or longer No. of Total Investment Unrealized Investment Unrealized Investment Unrealized Positions Fair Value Losses Positions Fair Value Losses Positions Fair Value Losses ($ in thousands) Securities of U.S. Government sponsored entities 1 $ 996 $ (2 ) 8 $ 117,252 $ (2,965 ) 9 $ 118,248 $ (2,967 ) Agency residential MBS 7 238,554 (1,501 ) 51 516,711 (18,994 ) 58 755,265 (20,495 ) Non-agency residential MBS 1 1 - - - - 1 1 - Agency commercial; MBS 2 2,219 (25 ) - - - 2 2,219 (25 ) Securities of U.S. Government entities - - - 3 1,590 (22 ) 3 1,590 (22 ) Obligations of states and political subdivisions 50 21,453 (228 ) 35 52,071 (1,254 ) 85 73,524 (1,482 ) Corporate securities 64 571,112 (4,047 ) 38 282,924 (5,230 ) 102 854,036 (9,277 ) Total 125 $ 834,335 $ (5,803 ) 135 $ 970,548 $ (28,465 ) 260 $ 1,804,883 $ (34,268 ) Debt Securities Held to Maturity At December 31, 2017 No. of Less than 12 months No. of 12 months or longer No. of Total Investment Unrecognized Investment Unrecognized Investment Unrecognized Positions Fair Value Losses Positions Fair Value Losses Positions Fair Value Losses ($ in thousands) Agency residential MBS 15 $ 30,218 $ (201 ) 65 $ 479,775 $ (9,649 ) 80 $ 509,993 $ (9,850 ) Agency commercial MBS 1 1,913 (4 ) 1 7,062 (62 ) 2 8,975 (66 ) Obligations of states and political subdivisions 146 131,032 (553 ) 59 58,979 (1,465 ) 205 190,011 (2,018 ) Total 162 $ 163,163 $ (758 ) 125 $ 545,816 $ (11,176 ) 287 $ 708,979 $ (11,934 ) |
Interest Income from Investments [Table Text Block] | For the Three Months For the Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands) Taxable $ 16,780 $ 12,957 $ 47,327 $ 37,584 Tax-exempt from regular federal income tax 4,880 5,106 14,768 15,718 Total interest income from investment securities $ 21,660 $ 18,063 $ 62,095 $ 53,302 |
Note 4 - Loans, Allowance for_2
Note 4 - Loans, Allowance for Loan Losses and Other Real Estate Owned (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Loans Receivable [Table Text Block] | At September 30, At December 31, (In thousands) Commercial $ 276,031 $ 335,996 Commercial Real Estate 567,213 568,584 Construction 3,939 5,649 Residential Real Estate 48,150 65,183 Consumer Installment & Other 301,622 312,570 Total $ 1,196,955 $ 1,287,982 |
Accretable Yield Reconciliation Schedule [Table Text Block] | For the For the Accretable yield: (In thousands) Balance at the beginning of the period $ 738 $ 1,237 Reclassification from nonaccretable difference 896 1,852 Accretion (1,380 ) (2,351 ) Balance at the end of the period $ 254 $ 738 Accretion $ (1,380 ) $ (2,351 ) Change in FDIC indemnification 2 192 (Increase) in interest income $ (1,378 ) $ (2,159 ) |
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | Allowance for Loan Losses Commercial Commercial Construction Residential Consumer Unallocated Total (In thousands) Allowance for loan losses: Balance at beginning of period $ 8,275 $ 3,789 $ 210 $ 1,064 $ 5,943 $ 3,759 $ 23,040 (Reversal) provision (184 ) 372 44 (120 ) (137 ) 25 - Chargeoffs (384 ) (240 ) - - (845 ) - (1,469 ) Recoveries 103 - - - 353 - 456 Total allowance for loan losses $ 7,810 $ 3,921 $ 254 $ 944 $ 5,314 $ 3,784 $ 22,027 Allowance for Loan Losses Commercial Commercial Construction Residential Consumer Unallocated Total (In thousands) Allowance for loan losses: Balance at beginning of period $ 7,746 $ 3,849 $ 335 $ 995 $ 6,418 $ 3,666 $ 23,009 (Reversal) provision (863 ) 312 (81 ) (51 ) 565 118 - Chargeoffs (425 ) (240 ) - - (3,015 ) - (3,680 ) Recoveries 1,352 - - - 1,346 - 2,698 Total allowance for loan losses $ 7,810 $ 3,921 $ 254 $ 944 $ 5,314 $ 3,784 $ 22,027 Allowance for Loan Losses Commercial Commercial Construction Residential Consumer Unallocated Total (In thousands) Allowance for loan losses: Balance at beginning of period $ 8,167 $ 3,545 $ 160 $ 1,105 $ 7,215 $ 3,911 $ 24,103 (Reversal) provision (391 ) 288 136 (50 ) 167 (150 ) - Chargeoffs (132 ) - - - (886 ) - (1,018 ) Recoveries 128 - - - 415 - 543 Total allowance for loan losses $ 7,772 $ 3,833 $ 296 $ 1,055 $ 6,911 $ 3,761 $ 23,628 Allowance for Loan Losses Commercial Commercial Construction Residential Consumer Unallocated Total (In thousands) Allowance for loan losses: Balance at beginning of period $ 8,327 $ 3,330 $ 152 $ 1,330 $ 7,980 $ 4,835 $ 25,954 (Reversal) provision (220 ) 415 (1,755 ) (275 ) 1,009 (1,074 ) (1,900 ) Chargeoffs (961 ) - - - (3,783 ) - (4,744 ) Recoveries 626 88 1,899 - 1,705 - 4,318 Total allowance for loan losses $ 7,772 $ 3,833 $ 296 $ 1,055 $ 6,911 $ 3,761 $ 23,628 |
Schedule of Recorded Investment in Loans Evaluated for Impairment [Table Text Block] | Allowance for Loan Losses and Recorded Investment in Loans Evaluated for Impairment Commercial Commercial Construction Residential Consumer Unallocated Total (In thousands) Allowance for loan losses: Individually evaluated for impairment $ 4,668 $ 172 $ - $ - $ - $ - $ 4,840 Collectively evaluated for impairment 3,142 3,749 254 944 5,314 3,784 17,187 Purchased loans with evidence of credit deterioration - - - - - - - Total $ 7,810 $ 3,921 $ 254 $ 944 $ 5,314 $ 3,784 $ 22,027 Carrying value of loans: Individually evaluated for impairment $ 10,254 $ 10,816 $ - $ 202 $ - $ - $ 21,272 Collectively evaluated for impairment 265,740 556,173 3,939 47,948 301,473 - 1,175,273 Purchased loans with evidence of credit deterioration 37 224 - - 149 - 410 Total $ 276,031 $ 567,213 $ 3,939 $ 48,150 $ 301,622 $ - $ 1,196,955 Allowance for Loan Losses and Recorded Investment in Loans Evaluated for Impairment Commercial Commercial Construction Residential Consumer Unallocated Total (In thousands) Allowance for loan losses: Individually evaluated for impairment $ 4,814 $ 171 $ - $ - $ - $ - $ 4,985 Collectively evaluated for impairment 2,932 3,678 335 995 6,418 3,666 18,024 Purchased loans with evidence of credit deterioration - - - - - - - Total $ 7,746 $ 3,849 $ 335 $ 995 $ 6,418 $ 3,666 $ 23,009 Carrying value of loans: Individually evaluated for impairment $ 10,675 $ 14,234 $ - $ 208 $ - $ - $ 25,117 Collectively evaluated for impairment 325,291 553,769 5,649 64,975 312,406 - 1,262,090 Purchased loans with evidence of credit deterioration 30 581 - - 164 - 775 Total $ 335,996 $ 568,584 $ 5,649 $ 65,183 $ 312,570 $ - $ 1,287,982 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Loan Credit Risk Profile by Internally Assigned Grade Commercial Commercial Construction Residential Consumer Total (In thousands) Grade: Pass $ 264,908 $ 551,956 $ 3,939 $ 46,901 $ 299,590 $ 1,167,294 Substandard 11,123 15,257 - 1,249 1,618 29,247 Doubtful - - - - 56 56 Loss - - - - 358 358 Total $ 276,031 $ 567,213 $ 3,939 $ 48,150 $ 301,622 $ 1,196,955 Loan Credit Risk Profile by Internally Assigned Grade Commercial Commercial Construction Residential Consumer Total (In thousands) Grade: Pass $ 324,185 $ 548,853 $ 5,649 $ 62,253 $ 310,429 $ 1,251,369 Substandard 11,811 19,731 - 2,930 1,370 35,842 Doubtful - - - - 1 1 Loss - - - - 770 770 Total $ 335,996 $ 568,584 $ 5,649 $ 65,183 $ 312,570 $ 1,287,982 |
Past Due Financing Receivables [Table Text Block] | Summary of Loans by Delinquency and Nonaccrual Status Current and 30-59 Days 60-89 Days Past Due 90 Nonaccrual Total Loans (In thousands) Commercial $ 275,259 $ 425 $ 347 $ - $ - $ 276,031 Commercial real estate 559,441 2,334 - - 5,438 567,213 Construction 3,939 - - - - 3,939 Residential real estate 47,634 516 - - - 48,150 Consumer installment and other 297,416 3,001 801 361 43 301,622 Total $ 1,183,689 $ 6,276 $ 1,148 $ 361 $ 5,481 $ 1,196,955 Summary of Loans by Delinquency and Nonaccrual Status Current and 30-59 Days 60-89 Days Past Due 90 Nonaccrual Total Loans (In thousands) Commercial $ 334,908 $ 627 $ 164 $ - $ 297 $ 335,996 Commercial real estate 561,883 1,143 125 - 5,433 568,584 Construction 5,649 - - - - 5,649 Residential real estate 65,183 - - - - 65,183 Consumer installment and other 307,445 3,321 1,077 531 196 312,570 Total $ 1,275,068 $ 5,091 $ 1,366 $ 531 $ 5,926 $ 1,287,982 |
Impaired Financing Receivables [Table Text Block] | Impaired Loans At September 30, At December 31, Recorded Unpaid Related Recorded Unpaid Related (In thousands) With no related allowance recorded: Commercial $ 809 $ 845 $ - $ 1,212 $ 1,271 $ - Commercial real estate 9,690 11,632 - 13,169 14,985 - Residential real estate 202 232 - 208 239 - Consumer installment and other 192 298 - 360 466 - Total with no related allowance recorded 10,893 13,007 - 14,949 16,961 - With an allowance recorded: Commercial 9,482 9,482 4,668 9,764 9,764 4,814 Commercial real estate 1,750 1,752 172 1,790 1,792 171 Total with an allowance recorded 11,232 11,234 4,840 11,554 11,556 4,985 Total $ 22,125 $ 24,241 $ 4,840 $ 26,503 $ 28,517 $ 4,985 |
Impaired Financing Receivables Supplemental Schedule [Table Text Block] | Impaired Loans For the Three Months Ended September 30, For the Nine Months Ended September 30, 2018 2017 2018 2017 Average Recognized Average Recognized Average Recognized Average Recognized (In thousands) Commercial $ 10,426 $ 175 $ 11,125 $ 130 $ 10,671 $ 495 $ 11,203 $ 366 Commercial real estate 11,282 189 14,681 208 12,291 615 14,826 669 Residential real estate 203 4 365 4 205 12 494 13 Consumer installment and other 173 4 340 3 261 10 466 17 Total $ 22,084 $ 372 $ 26,511 $ 345 $ 23,428 $ 1,132 $ 26,989 $ 1,065 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Troubled Debt Restructurings Number of Pre-Modification Period-End Period-End ($ in thousands) Commercial 5 $ 2,324 $ 904 $ 34 Commercial real estate 8 9,237 7,642 - Residential real estate 1 241 201 - Total 14 $ 11,802 $ 8,747 $ 34 Troubled Debt Restructurings Number of Pre-Modification Period-End Period-End ($ in thousands) Commercial 7 $ 2,393 $ 1,085 $ 43 Commercial real estate 10 11,528 10,788 - Residential real estate 1 241 208 - Total 18 $ 14,162 $ 12,081 $ 43 |
Note 6 - Other Assets (Tables)
Note 6 - Other Assets (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Other Assets [Table Text Block] | At September 30, At December 31, (In thousands) Equity securities without readily determinable fair values: Federal Reserve Bank stock (1) $ 14,069 $ 14,069 Other investments 158 158 Total equity securities without readily determinable fair values 14,227 14,227 Life insurance cash surrender value 55,442 54,101 Net deferred tax asset 48,622 33,112 Limited partnership investments 10,919 10,119 Interest receivable 23,734 23,557 Prepaid assets 4,119 4,906 Other assets 8,411 18,428 Total other assets $ 165,474 $ 158,450 |
Schedule of Amounts Recognized in Net Income [Table Text Block] | For the Three Months Ended For the Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands) Investment loss included in pre-tax income $ 900 $ 450 $ 2,200 $ 1,350 Tax credits recognized in provision for income taxes 336 463 1,008 1,388 |
Note 7 - Goodwill and Identif_2
Note 7 - Goodwill and Identifiable Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | At September 30, 2018 At December 31, 2017 (In thousands) Goodwill $ 121,673 $ 121,673 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | At September 30, At December 31, Gross Accumulated Gross Accumulated (In thousands) Core Deposit Intangibles $ 56,808 $ (54,432 ) $ 56,808 $ (52,987 ) Merchant Draft Processing Intangible 10,300 (10,300 ) 10,300 (10,271 ) Total Identifiable Intangible Assets $ 67,108 $ (64,732 ) $ 67,108 $ (63,258 ) |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Core Merchant Total (In thousands) For the Nine Months ended September 30, 2018 (actual) $ 1,445 $ 29 $ 1,474 Estimate for the remainder of year ending December 31, 2018 447 - 447 Estimate for year ending December 31, 2019 538 - 538 2020 287 - 287 2021 269 - 269 2022 252 - 252 2023 236 - 236 |
Note 8 - Deposits and Borrowe_2
Note 8 - Deposits and Borrowed Funds (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | Deposits At September 30, At December 31, (In thousands) Noninterest-bearing $ 2,211,028 $ 2,197,526 Interest-bearing: Transaction 909,954 904,245 Savings 1,510,015 1,494,024 Time deposits less than $100 thousand 107,755 117,848 Time deposits $100 thousand through $250 thousand 68,677 76,578 Time deposits more than $250 thousand 28,408 37,392 Total deposits $ 4,835,837 $ 4,827,613 |
Schedule of Repurchase Agreements [Table Text Block] | Repurchase Agreements (Sweep) Remaining Contractual Maturity of the Agreements At September 30, 2018 At December 31, 2017 Repurchase agreements: (In thousands) Collateral securing borrowings: Securities of U.S. Government sponsored entities $ 72,675 $ 74,173 Agency residential MBS 59,367 58,251 Corporate securities 91,818 105,113 Total collateral carrying value $ 223,860 $ 237,537 Total short-term borrowed funds $ 61,756 $ 58,471 |
Note 9 - Fair Value Measureme_2
Note 9 - Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | At September 30, 2018 Fair Value Quoted Prices in Significant Other Significant (1) (In thousands) Equity securities Mutual funds $ 1,734 $ - $ 1,734 $ - Total equity securities 1,734 - 1,734 - Debt securities available for sale Securities of U.S. Government sponsored entities 161,744 - 161,744 - Agency residential MBS 878,029 - 878,029 - Non-agency residential MBS 124 - 124 - Agency commercial MBS 1,847 - 1,847 - Securities of U.S. Government entities 1,210 - 1,210 - Obligations of states and political subdivisions 180,343 - 180,343 - Corporate securities 1,255,611 - 1,255,611 - Total debt securities available for sale 2,478,908 - 2,478,908 - Total $ 2,480,642 $ - $ 2,480,642 $ - At December 31, 2017 Fair Value Quoted Prices in Significant Other Significant (1) (In thousands) Equity securities Mutual funds $ 1,800 $ - $ 1,800 $ - Total equity securities 1,800 - 1,800 - Debt securities available for sale Securities of U.S. Government sponsored entities 119,319 - 119,319 - Agency residential MBS 767,706 - 767,706 - Non-agency residential MBS 154 - 154 - Agency commercial MBS 2,219 - 2,219 - Securities of U.S. Government entities 1,590 - 1,590 - Obligations of states and political subdivisions 185,221 - 185,221 - Corporate securities 1,115,498 - 1,115,498 - Total debt securities available for sale 2,191,707 - 2,191,707 - Total $ 2,193,507 $ - $ 2,193,507 $ - |
Fair Value Measurements, Nonrecurring [Table Text Block] | For the Nine Months Ended At September 30, 2018 September 30, 2018 Carrying Value Level 1 Level 2 Level 3 Total Losses (In thousands) Other real estate owned $ 620 $ - $ - $ 620 $ - Impaired loans: Commercial 4,815 - - 4,815 - Commercial real estate 5,448 - - 5,448 (240 ) Total assets measured at fair value on a nonrecurring basis $ 10,883 $ - $ - $ 10,883 $ (240 ) For the Year Ended At December 31, 2017 December 31, 2017 Carrying Value Level 1 Level 2 Level 3 Total Losses (In thousands) Other real estate owned $ 1,426 $ - $ - $ 1,426 $ (219 ) Impaired loans: Commercial 4,950 - - 4,950 - Commercial real estate 5,904 - - 5,904 - Total assets measured at fair value on a nonrecurring basis $ 12,280 $ - $ - $ 12,280 $ (219 ) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | At September 30, 2018 Carrying Estimated Fair Quoted Prices in Significant Other Significant Financial Assets: (In thousands) Cash and due from banks $ 522,660 $ 522,660 $ 522,660 $ - $ - Debt securities held to maturity 1,025,699 1,002,648 - 1,002,648 - Loans 1,174,928 1,176,889 - - 1,176,889 Financial Liabilities: Deposits $ 4,835,837 $ 4,832,135 $ - $ 4,630,997 $ 201,138 Short-term borrowed funds 61,756 61,756 - 61,756 - At December 31, 2017 Carrying Estimated Fair Quoted Prices in Significant Other Significant Financial Assets: (In thousands) Cash and due from banks $ 575,002 $ 575,002 $ 575,002 $ - $ - Debt securities held to maturity 1,158,864 1,155,342 - 1,155,342 - Loans 1,264,973 1,257,811 - - 1,257,811 Financial Liabilities: Deposits $ 4,827,613 $ 4,824,586 $ - $ 4,595,795 $ 228,791 Short-term borrowed funds 58,471 58,471 - 58,471 - |
Note 11 - Earnings Per Common_2
Note 11 - Earnings Per Common Share (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months For the Nine Months Ended September 30, 2018 2017 2018 2017 (In thousands, except per share data) Net income applicable to common equity (numerator) $ 16,993 $ 15,017 $ 52,509 $ 45,865 Basic earnings per common share Weighted average number of common shares outstanding - basic (denominator) 26,701 26,309 26,622 26,260 Basic earnings per common share $ 0.64 $ 0.57 $ 1.97 $ 1.75 Diluted earnings per common share Weighted average number of common shares outstanding - basic 26,701 26,309 26,622 26,260 Add common stock equivalents for options 114 95 114 119 Weighted average number of common shares outstanding - diluted (denominator) 26,815 26,404 26,736 26,379 Diluted earnings per common share $ 0.63 $ 0.57 $ 1.96 $ 1.74 |
Note 2 - Accounting Policies (D
Note 2 - Accounting Policies (Details Textual) $ in Thousands | Jan. 01, 2018USD ($) | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Percentage of Revenue Out of Scope of ASU 2014-09 | 73.00% | ||
Cumulative Effect of New Accounting Principle in Period of Adoption | |||
Tax Cuts and Jobs Act of 2017, Reclassification From Aoci to Retained Earnings | |||
Property Subject to or Available for Operating Lease, Number of Units | 58 | ||
Operating Leases, Future Minimum Payments Due, Total | $ 17,500 | ||
Retained Earnings [Member] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | (142) | ||
Tax Cuts and Jobs Act of 2017, Reclassification From Aoci to Retained Earnings | 3,625 | ||
Retained Earnings [Member] | Accounting Standards Update 2016-01 [Member] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ (142) | ||
Retained Earnings [Member] | Accounting Standards Update 2018-02 [Member] | |||
Tax Cuts and Jobs Act of 2017, Reclassification From Aoci to Retained Earnings | 3,625 | ||
AOCI Attributable to Parent [Member] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 142 | ||
Tax Cuts and Jobs Act of 2017, Reclassification From Aoci to Retained Earnings | $ (3,625) | ||
AOCI Attributable to Parent [Member] | Accounting Standards Update 2016-01 [Member] | |||
Cumulative Effect of New Accounting Principle in Period of Adoption | 142 | ||
AOCI Attributable to Parent [Member] | Accounting Standards Update 2018-02 [Member] | |||
Tax Cuts and Jobs Act of 2017, Reclassification From Aoci to Retained Earnings | $ (3,625) |
Note 3 - Investment Securitie_2
Note 3 - Investment Securities (Details Textual) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Jan. 01, 2018USD ($) | Dec. 31, 2017USD ($) | |
Equity Securities, FV-NI | $ 1,734 | $ 1,734 | $ 1,800 | $ 1,800 | ||
Cumulative Effect of New Accounting Principle in Period of Adoption | ||||||
Unrealized Gain (Loss) on Securities | (16) | (66) | ||||
High Risk Collateralized Mortgage Obligations | 0 | 0 | 0 | |||
Debt Securities, Available-for-sale, Amortized Cost, Total | 2,555,667 | 2,555,667 | 2,220,551 | |||
Debt Securities, Available-for-sale, Total | 2,478,908 | 2,478,908 | 2,191,707 | |||
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total | 0 | |||||
Pledged Financial Instruments, Not Separately Reported, Securities, Total | 740,177 | 740,177 | 715,774 | |||
Debt Security, Corporate, US [Member] | ||||||
Debt Securities, Available-for-sale, Amortized Cost, Total | 1,282,991 | 1,282,991 | 1,123,671 | |||
Debt Securities, Available-for-sale, Total | 1,255,611 | 1,255,611 | 1,115,498 | |||
Debt Security, Corporate, US [Member] | External Credit Rating, Non Investment Grade [Member] | ||||||
Debt Securities, Available-for-sale, Amortized Cost, Total | 15,000 | 15,000 | ||||
Debt Securities, Available-for-sale, Total | $ 14,100 | $ 14,100 | ||||
Available-for-sale Debt Securities, Number Below Investment Grade | 1 | 1 | ||||
Retained Earnings [Member] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | (142) | |||||
Retained Earnings [Member] | Accounting Standards Update 2016-01 [Member] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | (142) | |||||
AOCI Attributable to Parent [Member] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 142 | |||||
AOCI Attributable to Parent [Member] | Accounting Standards Update 2016-01 [Member] | ||||||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 142 |
Note 3 - Investment Securitie_3
Note 3 - Investment Securities - Amortized Cost, Unrealized Gains and Losses, and Estimated Fair Value of Investment Securities Portfolio (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Debt securities available for sale, amortized cost | $ 2,555,667 | $ 2,220,551 |
Debt securities available for sale, gross unrealized gains | 2,497 | 5,424 |
Debt securities available for sale, gross unrealized losses | (79,256) | (34,268) |
Debt securities available for sale | 2,478,908 | 2,191,707 |
Debt securities held to maturity, amortized cost | 1,025,699 | 1,158,864 |
Debt securities held to maturity, gross unrecognized gains | 2,798 | 8,412 |
Debt securities held to maturity, gross unrecognized losses | (25,849) | (11,934) |
Debt securities held to maturity, fair values | 1,002,648 | 1,155,342 |
Debt securities, amortized cost | 3,581,366 | 3,379,415 |
Debt securities, gross unrecognized gains | 5,295 | 13,836 |
Debt securities, gross unrecognized losses | (105,105) | (46,202) |
Debt securities, fair value | 3,481,556 | 3,347,049 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Debt securities available for sale, amortized cost | 167,222 | 122,285 |
Debt securities available for sale, gross unrealized gains | 1 | |
Debt securities available for sale, gross unrealized losses | (5,478) | (2,967) |
Debt securities available for sale | 161,744 | 119,319 |
Agency Residential MBS [Member] | ||
Debt securities available for sale, amortized cost | 919,381 | 787,679 |
Debt securities available for sale, gross unrealized gains | 243 | 522 |
Debt securities available for sale, gross unrealized losses | (41,595) | (20,495) |
Debt securities available for sale | 878,029 | 767,706 |
Debt securities held to maturity, amortized cost | 468,354 | 545,883 |
Debt securities held to maturity, gross unrecognized gains | 200 | 606 |
Debt securities held to maturity, gross unrecognized losses | (21,100) | (9,850) |
Debt securities held to maturity, fair values | 447,454 | 536,639 |
Non-agency Residential MBS [Member] | ||
Debt securities available for sale, amortized cost | 122 | 153 |
Debt securities available for sale, gross unrealized gains | 2 | 1 |
Debt securities available for sale, gross unrealized losses | ||
Debt securities available for sale | 124 | 154 |
Debt securities held to maturity, amortized cost | 3,524 | 4,462 |
Debt securities held to maturity, gross unrecognized gains | 72 | 70 |
Debt securities held to maturity, gross unrecognized losses | ||
Debt securities held to maturity, fair values | 3,596 | 4,532 |
Agency Commercial MBS [Member] | ||
Debt securities available for sale, amortized cost | 1,877 | 2,244 |
Debt securities available for sale, gross unrealized gains | ||
Debt securities available for sale, gross unrealized losses | (30) | (25) |
Debt securities available for sale | 1,847 | 2,219 |
Debt securities held to maturity, amortized cost | 9,041 | |
Debt securities held to maturity, gross unrecognized gains | ||
Debt securities held to maturity, gross unrecognized losses | (66) | |
Debt securities held to maturity, fair values | 8,975 | |
US Government Agencies Debt Securities [Member] | ||
Debt securities available for sale, amortized cost | 1,223 | 1,612 |
Debt securities available for sale, gross unrealized gains | ||
Debt securities available for sale, gross unrealized losses | (13) | (22) |
Debt securities available for sale | 1,210 | 1,590 |
US States and Political Subdivisions Debt Securities [Member] | ||
Debt securities available for sale, amortized cost | 182,851 | 182,907 |
Debt securities available for sale, gross unrealized gains | 1,841 | 3,796 |
Debt securities available for sale, gross unrealized losses | (4,349) | (1,482) |
Debt securities available for sale | 180,343 | 185,221 |
Debt securities held to maturity, amortized cost | 553,821 | 599,478 |
Debt securities held to maturity, gross unrecognized gains | 2,526 | 7,736 |
Debt securities held to maturity, gross unrecognized losses | (4,749) | (2,018) |
Debt securities held to maturity, fair values | 551,598 | 605,196 |
Debt Security, Corporate, US [Member] | ||
Debt securities available for sale, amortized cost | 1,282,991 | 1,123,671 |
Debt securities available for sale, gross unrealized gains | 411 | 1,104 |
Debt securities available for sale, gross unrealized losses | (27,791) | (9,277) |
Debt securities available for sale | $ 1,255,611 | $ 1,115,498 |
Note 3 - Investment Securitie_4
Note 3 - Investment Securities - Amortized Cost and Estimated Market Value of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Investment securities available for sale, amortized cost, 1 year or less | $ 128,356 | $ 193,337 |
Investment securities available for sale, fair value, 1 year or less | 128,080 | 193,385 |
Investment securities held to maturity, amortized cost, 1 year or less | 90,266 | 50,295 |
Investment securities held to maturity, fair value, 1 year or less | 90,491 | 51,105 |
Investment securities available for sale, amortized cost, over 1 to 5 years | 1,355,592 | 1,031,807 |
Investment securities available for sale, fair value, over 1 to 5 years | 1,323,725 | 1,023,047 |
Investment securities held to maturity, amortized cost, over 1 to 5 years | 220,377 | 269,050 |
Investment securities held to maturity, fair value, over 1 to 5 years | 219,016 | 269,471 |
Investment securities available for sale, amortized cost, over 5 to 10 years | 111,553 | 159,266 |
Investment securities available for sale, fair value, over 5 to 10 years | 110,850 | 160,042 |
Investment securities held to maturity, amortized cost, over 5 to 10 years | 242,137 | 277,170 |
Investment securities held to maturity, fair value, over 5 to 10 years | 241,023 | 281,546 |
Investment securities available for sale, amortized cost, over 10 years | 38,786 | 46,065 |
Investment securities available for sale, fair value, over 10 years | 36,253 | 45,154 |
Investment securities held to maturity, amortized cost, over 10 years | 1,041 | 2,963 |
Investment securities held to maturity, fair value, over 10 years | 1,068 | 3,074 |
Investment securities available for sale, amortized cost, subtotal | 1,634,287 | 1,430,475 |
Investment securities available for sale, fair value, subtotal | 1,598,908 | 1,421,628 |
Investment securities held to maturity, amortized cost, subtotal | 553,821 | 599,478 |
Investment securities held to maturity, fair value, subtotal | 551,598 | 605,196 |
Investment securities available for sale, amortized cost | 921,380 | 790,076 |
Investment securities available for sale, fair value | 880,000 | 770,079 |
Investment securities held to maturity, amortized cost | 471,878 | 559,386 |
Investment securities held to maturity, fair value | 451,050 | 550,146 |
Investment securities available for sale, amortized cost | 2,555,667 | 2,220,551 |
Investment securities available for sale, fair value | 2,478,908 | 2,191,707 |
Investment securities held to maturity, amortized cost | 1,025,699 | 1,158,864 |
Investment securities held to maturity, fair value | $ 1,002,648 | $ 1,155,342 |
Note 3 - Investment Securitie_5
Note 3 - Investment Securities - Gross Unrealized Losses, Investment Securities Portfolio (Details) $ in Thousands | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Available for sale securities, less than 12 months, number of investment positions | 157 | 125 |
Available for sale securities, less than 12 months, fair value | $ 1,326,973 | $ 834,335 |
Available for sale securities, less than 12 months, unrealized losses | $ (27,055) | $ (5,803) |
Available for sale securities, 12 months or longer, number of investment positions | 172 | 135 |
Available for sale securities, 12 months or longer, fair value | $ 966,408 | $ 970,548 |
Available for sale securities, 12 months or longer, unrealized losses | $ (52,201) | $ (28,465) |
Available for sale securities, total, number of investment positions | 329 | 260 |
Available for sale securities, total, fair value | $ 2,293,381 | $ 1,804,883 |
Available for sale securities, total, unrealized losses | $ (79,256) | $ (34,268) |
Held to Maturity securities, less than 12 months, number of investment positions | 250 | 162 |
Held to Maturity securities, less than 12 months, fair value | $ 225,857 | $ 163,163 |
Held to Maturity securities, less than 12 months, unrecognized losses | $ (2,492) | $ (758) |
Held to Maturity securities, 12 months or longer, number of investment positions | 232 | 125 |
Held to Maturity securities, 12 months or longer, fair value | $ 568,853 | $ 545,816 |
Held to Maturity securities, 12 months or longer, unrecognized losses | $ (23,357) | $ (11,176) |
Held to Maturity securities, total, number of investment positions | 482 | 287 |
Held to Maturity securities, total, fair value | $ 794,710 | $ 708,979 |
Held to Maturity securities, total, unrecognized losses | $ (25,849) | $ (11,934) |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available for sale securities, less than 12 months, number of investment positions | 5 | 1 |
Available for sale securities, less than 12 months, fair value | $ 46,531 | $ 996 |
Available for sale securities, less than 12 months, unrealized losses | $ (461) | $ (2) |
Available for sale securities, 12 months or longer, number of investment positions | 8 | 8 |
Available for sale securities, 12 months or longer, fair value | $ 115,213 | $ 117,252 |
Available for sale securities, 12 months or longer, unrealized losses | $ (5,017) | $ (2,965) |
Available for sale securities, total, number of investment positions | 13 | 9 |
Available for sale securities, total, fair value | $ 161,744 | $ 118,248 |
Available for sale securities, total, unrealized losses | $ (5,478) | $ (2,967) |
Agency Residential MBS [Member] | ||
Available for sale securities, less than 12 months, number of investment positions | 23 | 7 |
Available for sale securities, less than 12 months, fair value | $ 421,962 | $ 238,554 |
Available for sale securities, less than 12 months, unrealized losses | $ (9,816) | $ (1,501) |
Available for sale securities, 12 months or longer, number of investment positions | 50 | 51 |
Available for sale securities, 12 months or longer, fair value | $ 447,104 | $ 516,711 |
Available for sale securities, 12 months or longer, unrealized losses | $ (31,779) | $ (18,994) |
Available for sale securities, total, number of investment positions | 73 | 58 |
Available for sale securities, total, fair value | $ 869,066 | $ 755,265 |
Available for sale securities, total, unrealized losses | $ (41,595) | $ (20,495) |
Held to Maturity securities, less than 12 months, number of investment positions | 26 | 15 |
Held to Maturity securities, less than 12 months, fair value | $ 34,278 | $ 30,218 |
Held to Maturity securities, less than 12 months, unrecognized losses | $ (952) | $ (201) |
Held to Maturity securities, 12 months or longer, number of investment positions | 70 | 65 |
Held to Maturity securities, 12 months or longer, fair value | $ 404,842 | $ 479,775 |
Held to Maturity securities, 12 months or longer, unrecognized losses | $ (20,148) | $ (9,649) |
Held to Maturity securities, total, number of investment positions | 96 | 80 |
Held to Maturity securities, total, fair value | $ 439,120 | $ 509,993 |
Held to Maturity securities, total, unrecognized losses | $ (21,100) | $ (9,850) |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities, less than 12 months, number of investment positions | 43 | 50 |
Available for sale securities, less than 12 months, fair value | $ 32,193 | $ 21,453 |
Available for sale securities, less than 12 months, unrealized losses | $ (392) | $ (228) |
Available for sale securities, 12 months or longer, number of investment positions | 74 | 35 |
Available for sale securities, 12 months or longer, fair value | $ 67,715 | $ 52,071 |
Available for sale securities, 12 months or longer, unrealized losses | $ (3,957) | $ (1,254) |
Available for sale securities, total, number of investment positions | 117 | 85 |
Available for sale securities, total, fair value | $ 99,908 | $ 73,524 |
Available for sale securities, total, unrealized losses | $ (4,349) | $ (1,482) |
Held to Maturity securities, less than 12 months, number of investment positions | 224 | 146 |
Held to Maturity securities, less than 12 months, fair value | $ 191,579 | $ 131,032 |
Held to Maturity securities, less than 12 months, unrecognized losses | $ (1,540) | $ (553) |
Held to Maturity securities, 12 months or longer, number of investment positions | 162 | 59 |
Held to Maturity securities, 12 months or longer, fair value | $ 164,011 | $ 58,979 |
Held to Maturity securities, 12 months or longer, unrecognized losses | $ (3,209) | $ (1,465) |
Held to Maturity securities, total, number of investment positions | 386 | 205 |
Held to Maturity securities, total, fair value | $ 355,590 | $ 190,011 |
Held to Maturity securities, total, unrecognized losses | $ (4,749) | $ (2,018) |
Agency Commercial MBS [Member] | ||
Available for sale securities, less than 12 months, number of investment positions | 2 | |
Available for sale securities, less than 12 months, fair value | $ 2,219 | |
Available for sale securities, less than 12 months, unrealized losses | $ (25) | |
Available for sale securities, 12 months or longer, number of investment positions | 1 | |
Available for sale securities, 12 months or longer, fair value | $ 1,847 | |
Available for sale securities, 12 months or longer, unrealized losses | $ (30) | |
Available for sale securities, total, number of investment positions | 1 | 2 |
Available for sale securities, total, fair value | $ 1,847 | $ 2,219 |
Available for sale securities, total, unrealized losses | $ (30) | $ (25) |
Held to Maturity securities, less than 12 months, number of investment positions | 1 | |
Held to Maturity securities, less than 12 months, fair value | $ 1,913 | |
Held to Maturity securities, less than 12 months, unrecognized losses | $ (4) | |
Held to Maturity securities, 12 months or longer, number of investment positions | 1 | |
Held to Maturity securities, 12 months or longer, fair value | $ 7,062 | |
Held to Maturity securities, 12 months or longer, unrecognized losses | $ (62) | |
Held to Maturity securities, total, number of investment positions | 2 | |
Held to Maturity securities, total, fair value | $ 8,975 | |
Held to Maturity securities, total, unrecognized losses | $ (66) | |
Non-agency Residential MBS [Member] | ||
Available for sale securities, less than 12 months, number of investment positions | 1 | |
Available for sale securities, less than 12 months, fair value | $ 1 | |
Available for sale securities, less than 12 months, unrealized losses | ||
Available for sale securities, 12 months or longer, number of investment positions | ||
Available for sale securities, 12 months or longer, fair value | ||
Available for sale securities, 12 months or longer, unrealized losses | ||
Available for sale securities, total, number of investment positions | 1 | |
Available for sale securities, total, fair value | $ 1 | |
Available for sale securities, total, unrealized losses | ||
US Government Agencies Debt Securities [Member] | ||
Available for sale securities, less than 12 months, number of investment positions | ||
Available for sale securities, less than 12 months, fair value | ||
Available for sale securities, less than 12 months, unrealized losses | ||
Available for sale securities, 12 months or longer, number of investment positions | 2 | 3 |
Available for sale securities, 12 months or longer, fair value | $ 1,210 | $ 1,590 |
Available for sale securities, 12 months or longer, unrealized losses | $ (13) | $ (22) |
Available for sale securities, total, number of investment positions | 2 | 3 |
Available for sale securities, total, fair value | $ 1,210 | $ 1,590 |
Available for sale securities, total, unrealized losses | $ (13) | $ (22) |
Debt Security, Corporate, US [Member] | ||
Available for sale securities, less than 12 months, number of investment positions | 86 | 64 |
Available for sale securities, less than 12 months, fair value | $ 826,287 | $ 571,112 |
Available for sale securities, less than 12 months, unrealized losses | $ (16,386) | $ (4,047) |
Available for sale securities, 12 months or longer, number of investment positions | 37 | 38 |
Available for sale securities, 12 months or longer, fair value | $ 333,319 | $ 282,924 |
Available for sale securities, 12 months or longer, unrealized losses | $ (11,405) | $ (5,230) |
Available for sale securities, total, number of investment positions | 123 | 102 |
Available for sale securities, total, fair value | $ 1,159,606 | $ 854,036 |
Available for sale securities, total, unrealized losses | $ (27,791) | $ (9,277) |
Note 3 - Investment Securitie_6
Note 3 - Investment Securities - Interest Income From Investment Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Taxable | $ 16,780 | $ 12,957 | $ 47,327 | $ 37,584 |
Tax-exempt from regular federal income tax | 4,880 | 5,106 | 14,768 | 15,718 |
Total interest income from investment securities | $ 21,660 | $ 18,063 | $ 62,095 | $ 53,302 |
Note 4 - Loans, Allowance for_3
Note 4 - Loans, Allowance for Loan Losses and Other Real Estate Owned (Details Textual) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($) | |
Purchased Loans | $ 65,868 | $ 65,868 | $ 83,478 | ||
FDIC Indemnification Asset, Ending Balance | 6,086 | 6,086 | 7,766 | ||
Loans and Leases Receivable, Nonaccrual, Commitment to Lend | 0 | 0 | 0 | ||
Financing Receivable, Modifications, Recorded Investment | $ 8,747 | $ 8,747 | 12,081 | ||
Troubled Debt Restructurings During Period | 0 | 1 | 0 | 4 | |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 0 | $ 58 | $ 0 | $ 58 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 | |
Pledged Financial Instruments, Not Separately Reported, Loans Receivable Pledged as Collateral, Total | $ 0 | $ 0 | 0 | ||
Loans Receivable Held-for-sale, Amount | 0 | 0 | |||
Other Real Estate, Ending Balance | 620 | 620 | 1,426 | ||
Other Real Estate, Reserve | 0 | 0 | 1,905 | ||
Mortgage Loans in Process of Foreclosure, Amount | 19 | 19 | 196 | ||
Residential Real Estate Included in OREO [Member] | |||||
Real Estate Acquired Through Foreclosure | 0 | ||||
Restructured Loans [Member] | |||||
Financing Receivable, Modifications, Recorded Investment | 8,747 | 8,747 | 12,081 | ||
Impaired Loans, Restructured, Nonaccrual Status | $ 4,270 | $ 4,270 | $ 4,285 | ||
One Loan [Member] | |||||
Financing Receivable, Recorded Investment, Modifications in Period | $ 50 | ||||
Four Concessions With Modifications of Extended Maturity and Under-market Terms [Member] | |||||
Financing Receivable, Recorded Investment, Modifications in Period | $ 699 |
Note 4 - Loans, Allowance for_4
Note 4 - Loans, Allowance for Loan Losses and Other Real Estate Owned - Loans Receivable at Carrying Amount (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans | $ 1,196,955 | $ 1,287,982 |
Commercial Portfolio Segment [Member] | ||
Loans | 276,031 | 335,996 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 567,213 | 568,584 |
Construction Portfolio Segment [Member] | ||
Loans | 3,939 | 5,649 |
Residential Portfolio Segment [Member] | ||
Loans | 48,150 | 65,183 |
Consumer Portfolio Segment [Member] | ||
Loans | $ 301,622 | $ 312,570 |
Note 4 - Loans, Allowance for_5
Note 4 - Loans, Allowance for Loan Losses and Other Real Estate Owned - Changes in the Accretable Yield for Purchased Loans (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Balance at the beginning of the period | $ 738 | $ 1,237 |
Reclassification from nonaccretable difference | 896 | 1,852 |
Accretion | (1,380) | (2,351) |
Balance at the end of the period | 254 | 738 |
Change in FDIC indemnification | 2 | 192 |
(Increase) in interest income | $ (1,378) | $ (2,159) |
Note 4 - Loans, Allowance for_6
Note 4 - Loans, Allowance for Loan Losses and Other Real Estate Owned - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Balance at beginning of period | $ 23,040 | $ 24,103 | $ 23,009 | $ 25,954 |
(Reversal) provision | (1,900) | |||
Chargeoffs | (1,469) | (1,018) | (3,680) | (4,744) |
Recoveries | 456 | 543 | 2,698 | 4,318 |
Total allowance for loan losses | 22,027 | 23,628 | 22,027 | 23,628 |
Unallocated Financing Receivable [Member] | ||||
Balance at beginning of period | 3,759 | 3,911 | 3,666 | 4,835 |
(Reversal) provision | 25 | (150) | 118 | (1,074) |
Chargeoffs | ||||
Recoveries | ||||
Total allowance for loan losses | 3,784 | 3,761 | 3,784 | 3,761 |
Commercial Portfolio Segment [Member] | ||||
Balance at beginning of period | 8,275 | 8,167 | 7,746 | 8,327 |
(Reversal) provision | (184) | (391) | (863) | (220) |
Chargeoffs | (384) | (132) | (425) | (961) |
Recoveries | 103 | 128 | 1,352 | 626 |
Total allowance for loan losses | 7,810 | 7,772 | 7,810 | 7,772 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Balance at beginning of period | 3,789 | 3,545 | 3,849 | 3,330 |
(Reversal) provision | 372 | 288 | 312 | 415 |
Chargeoffs | (240) | (240) | ||
Recoveries | 88 | |||
Total allowance for loan losses | 3,921 | 3,833 | 3,921 | 3,833 |
Construction Portfolio Segment [Member] | ||||
Balance at beginning of period | 210 | 160 | 335 | 152 |
(Reversal) provision | 44 | 136 | (81) | (1,755) |
Chargeoffs | ||||
Recoveries | 1,899 | |||
Total allowance for loan losses | 254 | 296 | 254 | 296 |
Residential Portfolio Segment [Member] | ||||
Balance at beginning of period | 1,064 | 1,105 | 995 | 1,330 |
(Reversal) provision | (120) | (50) | (51) | (275) |
Chargeoffs | ||||
Recoveries | ||||
Total allowance for loan losses | 944 | 1,055 | 944 | 1,055 |
Consumer Portfolio Segment [Member] | ||||
Balance at beginning of period | 5,943 | 7,215 | 6,418 | 7,980 |
(Reversal) provision | (137) | 167 | 565 | 1,009 |
Chargeoffs | (845) | (886) | (3,015) | (3,783) |
Recoveries | 353 | 415 | 1,346 | 1,705 |
Total allowance for loan losses | $ 5,314 | $ 6,911 | $ 5,314 | $ 6,911 |
Note 4 - Loans, Allowance for_7
Note 4 - Loans, Allowance for Loan Losses and Other Real Estate Owned - Recorded Investment in Loans Evaluated for Impairment (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Individually evaluated for impairment | $ 4,840 | $ 4,985 | ||||
Collectively evaluated for impairment | 17,187 | 18,024 | ||||
Total allowance for loan losses | 22,027 | $ 23,040 | 23,009 | $ 23,628 | $ 24,103 | $ 25,954 |
Individually evaluated for impairment | 21,272 | 25,117 | ||||
Collectively evaluated for impairment | 1,175,273 | 1,262,090 | ||||
Total loans | 1,196,955 | 1,287,982 | ||||
Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Total allowance for loan losses | 0 | 0 | ||||
Total loans | 410 | 775 | ||||
Unallocated Financing Receivable [Member] | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 3,784 | 3,666 | ||||
Total allowance for loan losses | 3,784 | 3,759 | 3,666 | 3,761 | 3,911 | 4,835 |
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 0 | 0 | ||||
Total loans | 0 | 0 | ||||
Unallocated Financing Receivable [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Total allowance for loan losses | 0 | 0 | ||||
Total loans | 0 | 0 | ||||
Commercial Portfolio Segment [Member] | ||||||
Individually evaluated for impairment | 4,668 | 4,814 | ||||
Collectively evaluated for impairment | 3,142 | 2,932 | ||||
Total allowance for loan losses | 7,810 | 8,275 | 7,746 | 7,772 | 8,167 | 8,327 |
Individually evaluated for impairment | 10,254 | 10,675 | ||||
Collectively evaluated for impairment | 265,740 | 325,291 | ||||
Total loans | 276,031 | 335,996 | ||||
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Total allowance for loan losses | 0 | 0 | ||||
Total loans | 37 | 30 | ||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Individually evaluated for impairment | 172 | 171 | ||||
Collectively evaluated for impairment | 3,749 | 3,678 | ||||
Total allowance for loan losses | 3,921 | 3,789 | 3,849 | 3,833 | 3,545 | 3,330 |
Individually evaluated for impairment | 10,816 | 14,234 | ||||
Collectively evaluated for impairment | 556,173 | 553,769 | ||||
Total loans | 567,213 | 568,584 | ||||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Total allowance for loan losses | 0 | 0 | ||||
Total loans | 224 | 581 | ||||
Construction Portfolio Segment [Member] | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 254 | 335 | ||||
Total allowance for loan losses | 254 | 210 | 335 | 296 | 160 | 152 |
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 3,939 | 5,649 | ||||
Total loans | 3,939 | 5,649 | ||||
Construction Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Total allowance for loan losses | 0 | 0 | ||||
Total loans | 0 | 0 | ||||
Residential Portfolio Segment [Member] | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 944 | 995 | ||||
Total allowance for loan losses | 944 | 1,064 | 995 | 1,055 | 1,105 | 1,330 |
Individually evaluated for impairment | 202 | 208 | ||||
Collectively evaluated for impairment | 47,948 | 64,975 | ||||
Total loans | 48,150 | 65,183 | ||||
Residential Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Total allowance for loan losses | 0 | 0 | ||||
Total loans | 0 | 0 | ||||
Consumer Portfolio Segment [Member] | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 5,314 | 6,418 | ||||
Total allowance for loan losses | 5,314 | $ 5,943 | 6,418 | $ 6,911 | $ 7,215 | $ 7,980 |
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 301,473 | 312,406 | ||||
Total loans | 301,622 | 312,570 | ||||
Consumer Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Total allowance for loan losses | 0 | 0 | ||||
Total loans | $ 149 | $ 164 |
Note 4 - Loans, Allowance for_8
Note 4 - Loans, Allowance for Loan Losses and Other Real Estate Owned - Credit Risk Profile by Internally Assigned Grade (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans | $ 1,196,955 | $ 1,287,982 |
Pass [Member] | ||
Loans | 1,167,294 | 1,251,369 |
Substandard [Member] | ||
Loans | 29,247 | 35,842 |
Doubtful [Member] | ||
Loans | 56 | 1 |
Unlikely to be Collected Financing Receivable [Member] | ||
Loans | 358 | 770 |
Commercial Portfolio Segment [Member] | ||
Loans | 276,031 | 335,996 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Loans | 264,908 | 324,185 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Loans | 11,123 | 11,811 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 567,213 | 568,584 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | ||
Loans | 551,956 | 548,853 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | ||
Loans | 15,257 | 19,731 |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | ||
Loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | 0 | 0 |
Construction Portfolio Segment [Member] | ||
Loans | 3,939 | 5,649 |
Construction Portfolio Segment [Member] | Pass [Member] | ||
Loans | 3,939 | 5,649 |
Construction Portfolio Segment [Member] | Substandard [Member] | ||
Loans | 0 | 0 |
Construction Portfolio Segment [Member] | Doubtful [Member] | ||
Loans | 0 | 0 |
Construction Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | 0 | 0 |
Residential Portfolio Segment [Member] | ||
Loans | 48,150 | 65,183 |
Residential Portfolio Segment [Member] | Pass [Member] | ||
Loans | 46,901 | 62,253 |
Residential Portfolio Segment [Member] | Substandard [Member] | ||
Loans | 1,249 | 2,930 |
Residential Portfolio Segment [Member] | Doubtful [Member] | ||
Loans | 0 | 0 |
Residential Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Loans | 301,622 | 312,570 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Loans | 299,590 | 310,429 |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Loans | 1,618 | 1,370 |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Loans | 56 | 1 |
Consumer Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | $ 358 | $ 770 |
Note 4 - Loans, Allowance for_9
Note 4 - Loans, Allowance for Loan Losses and Other Real Estate Owned - Loans by Delinquency and Nonaccrual Status (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Current and accruing | $ 1,183,689 | $ 1,275,068 |
Nonaccrual | 5,481 | 5,926 |
Total loans | 1,196,955 | 1,287,982 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due and accruing | 6,276 | 5,091 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due and accruing | 1,148 | 1,366 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due and accruing | 361 | 531 |
Commercial Portfolio Segment [Member] | ||
Current and accruing | 275,259 | 334,908 |
Nonaccrual | 297 | |
Total loans | 276,031 | 335,996 |
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due and accruing | 425 | 627 |
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due and accruing | 347 | 164 |
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due and accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Current and accruing | 559,441 | 561,883 |
Nonaccrual | 5,438 | 5,433 |
Total loans | 567,213 | 568,584 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due and accruing | 2,334 | 1,143 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due and accruing | 125 | |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due and accruing | 0 | 0 |
Construction Portfolio Segment [Member] | ||
Current and accruing | 3,939 | 5,649 |
Nonaccrual | 0 | 0 |
Total loans | 3,939 | 5,649 |
Construction Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due and accruing | 0 | 0 |
Construction Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due and accruing | 0 | 0 |
Construction Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due and accruing | 0 | 0 |
Residential Portfolio Segment [Member] | ||
Current and accruing | 47,634 | 65,183 |
Nonaccrual | 0 | 0 |
Total loans | 48,150 | 65,183 |
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due and accruing | 516 | 0 |
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due and accruing | 0 | |
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due and accruing | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Current and accruing | 297,416 | 307,445 |
Nonaccrual | 43 | 196 |
Total loans | 301,622 | 312,570 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past due and accruing | 3,001 | 3,321 |
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past due and accruing | 801 | 1,077 |
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past due and accruing | $ 361 | $ 531 |
Note 4 - Loans, Allowance fo_10
Note 4 - Loans, Allowance for Loan Losses and Other Real Estate Owned - Impaired Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Impaired loans with no related allowance recorded, recorded investment | $ 10,893 | $ 14,949 |
Impaired loans with no related allowance recorded, unpaid principal balance | 13,007 | 16,961 |
Impaired loans with an allowance recorded, recorded investment | 11,232 | 11,554 |
Impaired loans with an allowance recorded, unpaid principal balance | 11,234 | 11,556 |
Impaired loans with an allowance recorded, related allowance | 4,840 | 4,985 |
Total impaired loans, recorded investment | 22,125 | 26,503 |
Total impaired loans, unpaid principal balance | 24,241 | 28,517 |
Commercial Portfolio Segment [Member] | ||
Impaired loans with no related allowance recorded, recorded investment | 809 | 1,212 |
Impaired loans with no related allowance recorded, unpaid principal balance | 845 | 1,271 |
Impaired loans with an allowance recorded, recorded investment | 9,482 | 9,764 |
Impaired loans with an allowance recorded, unpaid principal balance | 9,482 | 9,764 |
Impaired loans with an allowance recorded, related allowance | 4,668 | 4,814 |
Commercial Real Estate Portfolio Segment [Member] | ||
Impaired loans with no related allowance recorded, recorded investment | 9,690 | 13,169 |
Impaired loans with no related allowance recorded, unpaid principal balance | 11,632 | 14,985 |
Impaired loans with an allowance recorded, recorded investment | 1,750 | 1,790 |
Impaired loans with an allowance recorded, unpaid principal balance | 1,752 | 1,792 |
Impaired loans with an allowance recorded, related allowance | 172 | 171 |
Residential Portfolio Segment [Member] | ||
Impaired loans with no related allowance recorded, recorded investment | 202 | 208 |
Impaired loans with no related allowance recorded, unpaid principal balance | 232 | 239 |
Consumer Portfolio Segment [Member] | ||
Impaired loans with no related allowance recorded, recorded investment | 192 | 360 |
Impaired loans with no related allowance recorded, unpaid principal balance | $ 298 | $ 466 |
Note 4 - Loans, Allowance fo_11
Note 4 - Loans, Allowance for Loan Losses and Other Real Estate Owned - Impaired Loans, Supplemental Schedule (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Average Recorded Investment | $ 22,084 | $ 26,511 | $ 23,428 | $ 26,989 |
Recognized Interest Income | 372 | 345 | 1,132 | 1,065 |
Commercial Portfolio Segment [Member] | ||||
Average Recorded Investment | 10,426 | 11,125 | 10,671 | 11,203 |
Recognized Interest Income | 175 | 130 | 495 | 366 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Average Recorded Investment | 11,282 | 14,681 | 12,291 | 14,826 |
Recognized Interest Income | 189 | 208 | 615 | 669 |
Residential Portfolio Segment [Member] | ||||
Average Recorded Investment | 203 | 365 | 205 | 494 |
Recognized Interest Income | 4 | 4 | 12 | 13 |
Consumer Portfolio Segment [Member] | ||||
Average Recorded Investment | 173 | 340 | 261 | 466 |
Recognized Interest Income | $ 4 | $ 3 | $ 10 | $ 17 |
Note 4 - Loans, Allowance fo_12
Note 4 - Loans, Allowance for Loan Losses and Other Real Estate Owned - Troubled Debt Restructurings (Details) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) | |
Number of Contracts | 14 | 18 |
Pre-Modification Carrying Value | $ 11,802 | $ 14,162 |
Financing Receivable, Modifications, Recorded Investment | 8,747 | 12,081 |
Period-End Individual Impairment Allowance | $ 34 | $ 43 |
Commercial Portfolio Segment [Member] | ||
Number of Contracts | 5 | 7 |
Pre-Modification Carrying Value | $ 2,324 | $ 2,393 |
Financing Receivable, Modifications, Recorded Investment | 904 | 1,085 |
Period-End Individual Impairment Allowance | $ 34 | $ 43 |
Commercial Real Estate Portfolio Segment [Member] | ||
Number of Contracts | 8 | 10 |
Pre-Modification Carrying Value | $ 9,237 | $ 11,528 |
Financing Receivable, Modifications, Recorded Investment | 7,642 | 10,788 |
Period-End Individual Impairment Allowance | $ 0 | |
Residential Portfolio Segment [Member] | ||
Number of Contracts | 1 | 1 |
Pre-Modification Carrying Value | $ 241 | $ 241 |
Financing Receivable, Modifications, Recorded Investment | 201 | 208 |
Period-End Individual Impairment Allowance | $ 0 |
Note 5 - Concentration of Cre_2
Note 5 - Concentration of Credit Risk (Details Textual) $ in Thousands | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Unsecured Loan Limit, Percentage of Shareholders' Equity, California Financial Code | 15.00% | |
Secured and Unsecured Loan Limit Percentage, California Financial Code | 25.00% | |
Concentration Risk, Issuer Relationships | 80 | |
Loan Commitments and Standby Letters of Credit Related to Real Estate Loans | $ 52,842 | $ 53,874 |
Concentration Risk, Aggregate Securities Amount | $ 5,000 | |
Commercial Real Estate Loans [Member] | ||
Loan To Value Ratio Requirement | 75.00% | |
Residential Real Estate Loans [Member] | ||
Loan To Value Ratio Requirement | 80.00% | |
Aggregate Loans [Member] | Customer Concentration Risk [Member] | ||
Concentration Risk, Issuer Relationships | 35 | |
Concentration Risk, Aggregate Loans Amount | $ 5,000 |
Note 6 - Other Assets (Details
Note 6 - Other Assets (Details Textual) $ / shares in Units, shares in Thousands, $ in Thousands | Jun. 28, 2018 | Jun. 27, 2018 | Sep. 30, 2018USD ($)shares | Sep. 28, 2018$ / shares | Dec. 31, 2017USD ($) |
FRB Membership, Stock Subscription, Percent of Paid-Up Capital Stock and Surplus Requirement | 6.00% | ||||
LIHTC Investments | $ 10,919 | $ 10,119 | |||
Qualified Affordable Housing Project Investments, Commitment | 5,088 | $ 2,299 | |||
Contingent Commitment, Year 1 [Member] | |||||
Qualified Affordable Housing Project Investments, Commitment | 552 | ||||
Contingent Commitment, Year 2 [Member] | |||||
Qualified Affordable Housing Project Investments, Commitment | 364 | ||||
Contingent Commitment, Year 3 [Member] | |||||
Qualified Affordable Housing Project Investments, Commitment | 2,026 | ||||
Contingent Commitment, Year 4 [Member] | |||||
Qualified Affordable Housing Project Investments, Commitment | 138 | ||||
Contingent Commitment, Year 5 [Member] | |||||
Qualified Affordable Housing Project Investments, Commitment | 261 | ||||
Contingent Commitment, Year 6 [Member] | |||||
Qualified Affordable Housing Project Investments, Commitment | 134 | ||||
Contingent Commitment, Year 7 [Member] | |||||
Qualified Affordable Housing Project Investments, Commitment | 1,041 | ||||
Contingent Commitment, Year 8 or Thereafter [Member] | |||||
Qualified Affordable Housing Project Investments, Commitment | $ 572 | ||||
Visa Inc. [Member] | Common Class A [Member] | |||||
Share Price | $ / shares | $ 150.09 | ||||
VISA Class B Common Stock [Member] | |||||
Investment Owned, Balance, Shares | shares | 211 | ||||
Conversion Rate of Class B Common Stock into Class A Common Stock | 1.6298 | 1.6483 | |||
VISA Class B Common Stock [Member] | Reported Value Measurement [Member] | |||||
Investment Owned, at Fair Value | $ 0 |
Note 6 - Other Assets - Summary
Note 6 - Other Assets - Summary of Other Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | |
Federal Reserve Bank stock | [1] | $ 14,069 | $ 14,069 |
Other investments | 158 | 158 | |
Total equity securities without readily determinable fair values | 14,227 | 14,227 | |
Life insurance cash surrender value | 55,442 | 54,101 | |
Net deferred tax asset | 48,622 | 33,112 | |
Limited partnership investments | 10,919 | 10,119 | |
Interest receivable | 23,734 | 23,557 | |
Prepaid assets | 4,119 | 4,906 | |
Other assets | 8,411 | 18,428 | |
Total other assets | $ 165,474 | $ 158,450 | |
[1] | A bank applying for membership in the Federal Reserve System is required to subscribe to stock in the Federal Reserve Bank (FRB) in its district in a sum equal to six percent of the bank's paid-up capital stock and surplus. One-half of the amount of the bank's subscription shall be paid to the FRB and the remaining half will be subject to call when deemed necessary by the Board of Governors of the Federal Reserve System. |
Note 6 - Other Assets - Amounts
Note 6 - Other Assets - Amounts Recognized in Net Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Investment loss included in pre-tax income | $ 900 | $ 450 | $ 2,200 | $ 1,350 |
Tax credits recognized in provision for income taxes | $ 336 | $ 463 | $ 1,008 | $ 1,388 |
Note 7 - Goodwill and Identif_3
Note 7 - Goodwill and Identifiable Intangible Assets (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Sep. 30, 2018 | Dec. 31, 2017 | |
Goodwill and Intangible Asset Impairment, Total | $ 0 | $ 0 | $ 0 |
Amortization Expense, Adjustment Resulting from a Change in Estimates of Useful Lives or Residual Values | $ 0 | $ 0 | $ 0 |
Note 7 - Goodwill and Identif_4
Note 7 - Goodwill and Identifiable Intangible Assets - Carrying Values of Goodwill (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Goodwill | $ 121,673 | $ 121,673 |
Note 7 - Goodwill and Identif_5
Note 7 - Goodwill and Identifiable Intangible Assets - Gross Carrying Amount of Intangible Assets and Accumulated Amortization (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Gross Carrying Amount | $ 67,108 | $ 67,108 |
Accumulated Amortization | (64,732) | (63,258) |
Core Deposits [Member] | ||
Gross Carrying Amount | 56,808 | 56,808 |
Accumulated Amortization | (54,432) | (52,987) |
Mechant Draft Processing [Member] | ||
Gross Carrying Amount | 10,300 | 10,300 |
Accumulated Amortization | $ (10,300) | $ (10,271) |
Note 7 - Goodwill and Identif_6
Note 7 - Goodwill and Identifiable Intangible Assets - Estimated Future Amortization Expense for Identifiable Intangible Assets (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
For the Nine Months ended September 30, 2018 (actual) | $ 451 | $ 760 | $ 1,474 | $ 2,322 |
Estimate for the remainder of year ending December 31, 2018 | 447 | 447 | ||
Estimate for year ending December 31, 2019 | 538 | 538 | ||
2,020 | 287 | 287 | ||
2,021 | 269 | 269 | ||
2,022 | 252 | 252 | ||
2,023 | 236 | 236 | ||
Core Deposits [Member] | ||||
For the Nine Months ended September 30, 2018 (actual) | 1,445 | |||
Estimate for the remainder of year ending December 31, 2018 | 447 | 447 | ||
Estimate for year ending December 31, 2019 | 538 | 538 | ||
2,020 | 287 | 287 | ||
2,021 | 269 | 269 | ||
2,022 | 252 | 252 | ||
2,023 | 236 | 236 | ||
Mechant Draft Processing [Member] | ||||
For the Nine Months ended September 30, 2018 (actual) | 29 | |||
Estimate for the remainder of year ending December 31, 2018 | ||||
Estimate for year ending December 31, 2019 | ||||
2,020 | ||||
2,021 | ||||
2,022 | ||||
2,023 |
Note 8 - Deposits and Borrowe_3
Note 8 - Deposits and Borrowed Funds (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Demand Deposit Overdrafts | $ 950 | $ 950 | $ 2,786 | ||
Interest Expense, Time Deposits, $100,000 or More | $ 91 | $ 103 | $ 283 | $ 314 |
Note 8 - Deposits and Borrowe_4
Note 8 - Deposits and Borrowed Funds - Deposits Detail (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Noninterest-bearing deposits | $ 2,211,028 | $ 2,197,526 |
Interest-bearing: | ||
Transaction | 909,954 | 904,245 |
Savings | 1,510,015 | 1,494,024 |
Time deposits less than $100 thousand | 107,755 | 117,848 |
Time deposits $100 thousand through $250 thousand | 68,677 | 76,578 |
Time deposits more than $250 thousand | 28,408 | 37,392 |
Total deposits | $ 4,835,837 | $ 4,827,613 |
Note 8 - Deposits and Borrowe_5
Note 8 - Deposits and Borrowed Funds - Short-term Borrowed Funds (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Collateral Carrying Value | $ 223,860 | $ 237,537 |
Short-term borrowed funds | 61,756 | 58,471 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Collateral Carrying Value | 72,675 | 74,173 |
Agency Residential MBS [Member] | ||
Collateral Carrying Value | 59,367 | 58,251 |
Corporate Debt Securities [Member] | ||
Collateral Carrying Value | $ 91,818 | $ 105,113 |
Note 9 - Fair Value Measureme_3
Note 9 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
Securities Selected for OTTI Analysis, Market Price, Threshold | 95.00% | |
Loans and Leases Receivable, Allowance, Ending Balance | $ 22,027 | $ 23,009 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Appraisal Rate | 10.00% |
Note 9 - Fair Value Measureme_4
Note 9 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | |
Equity securities | $ 1,734 | $ 1,800 | $ 1,800 | |
Debt securities available for sale | 2,478,908 | 2,191,707 | ||
US Government-sponsored Enterprises Debt Securities [Member] | ||||
Debt securities available for sale | 161,744 | 119,319 | ||
Agency Residential MBS [Member] | ||||
Debt securities available for sale | 878,029 | 767,706 | ||
Non-agency Residential MBS [Member] | ||||
Debt securities available for sale | 124 | 154 | ||
Agency Commercial MBS [Member] | ||||
Debt securities available for sale | 1,847 | 2,219 | ||
US Government Agencies Debt Securities [Member] | ||||
Debt securities available for sale | 1,210 | 1,590 | ||
US States and Political Subdivisions Debt Securities [Member] | ||||
Debt securities available for sale | 180,343 | 185,221 | ||
Debt Security, Corporate, US [Member] | ||||
Debt securities available for sale | 1,255,611 | 1,115,498 | ||
Fair Value, Measurements, Recurring [Member] | ||||
Equity securities | 1,734 | 1,800 | ||
Debt securities available for sale | 2,478,908 | 2,191,707 | ||
Total | 2,480,642 | 2,193,507 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Equity securities | ||||
Debt securities available for sale | ||||
Total | ||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Equity securities | 1,734 | 1,800 | ||
Debt securities available for sale | 2,478,908 | 2,191,707 | ||
Total | 2,480,642 | 2,193,507 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Equity securities | [1] | |||
Debt securities available for sale | [1] | |||
Total | [1] | |||
Fair Value, Measurements, Recurring [Member] | Mutual Fund [Member] | ||||
Equity securities | 1,734 | 1,800 | ||
Fair Value, Measurements, Recurring [Member] | Mutual Fund [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Equity securities | ||||
Fair Value, Measurements, Recurring [Member] | Mutual Fund [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Equity securities | 1,734 | 1,800 | ||
Fair Value, Measurements, Recurring [Member] | Mutual Fund [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Equity securities | [1] | |||
Fair Value, Measurements, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||||
Debt securities available for sale | 161,744 | 119,319 | ||
Fair Value, Measurements, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Debt securities available for sale | ||||
Fair Value, Measurements, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Debt securities available for sale | 161,744 | 119,319 | ||
Fair Value, Measurements, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Debt securities available for sale | [1] | |||
Fair Value, Measurements, Recurring [Member] | Agency Residential MBS [Member] | ||||
Debt securities available for sale | 878,029 | 767,706 | ||
Fair Value, Measurements, Recurring [Member] | Agency Residential MBS [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Debt securities available for sale | ||||
Fair Value, Measurements, Recurring [Member] | Agency Residential MBS [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Debt securities available for sale | 878,029 | 767,706 | ||
Fair Value, Measurements, Recurring [Member] | Agency Residential MBS [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Debt securities available for sale | [1] | |||
Fair Value, Measurements, Recurring [Member] | Non-agency Residential MBS [Member] | ||||
Debt securities available for sale | 124 | 154 | ||
Fair Value, Measurements, Recurring [Member] | Non-agency Residential MBS [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Debt securities available for sale | ||||
Fair Value, Measurements, Recurring [Member] | Non-agency Residential MBS [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Debt securities available for sale | 124 | 154 | ||
Fair Value, Measurements, Recurring [Member] | Non-agency Residential MBS [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Debt securities available for sale | [1] | |||
Fair Value, Measurements, Recurring [Member] | Agency Commercial MBS [Member] | ||||
Debt securities available for sale | 1,847 | 2,219 | ||
Fair Value, Measurements, Recurring [Member] | Agency Commercial MBS [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Debt securities available for sale | ||||
Fair Value, Measurements, Recurring [Member] | Agency Commercial MBS [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Debt securities available for sale | 1,847 | 2,219 | ||
Fair Value, Measurements, Recurring [Member] | Agency Commercial MBS [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Debt securities available for sale | [1] | |||
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||||
Debt securities available for sale | 1,210 | 1,590 | ||
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Debt securities available for sale | ||||
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Debt securities available for sale | 1,210 | 1,590 | ||
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Debt securities available for sale | [1] | |||
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||||
Debt securities available for sale | 180,343 | 185,221 | ||
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Debt securities available for sale | ||||
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Debt securities available for sale | 180,343 | 185,221 | ||
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Debt securities available for sale | [1] | |||
Fair Value, Measurements, Recurring [Member] | Debt Security, Corporate, US [Member] | ||||
Debt securities available for sale | 1,255,611 | 1,115,498 | ||
Fair Value, Measurements, Recurring [Member] | Debt Security, Corporate, US [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Debt securities available for sale | ||||
Fair Value, Measurements, Recurring [Member] | Debt Security, Corporate, US [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Debt securities available for sale | 1,255,611 | 1,115,498 | ||
Fair Value, Measurements, Recurring [Member] | Debt Security, Corporate, US [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Debt securities available for sale | [1] | |||
[1] | There were no transfers in to or out of level 3 during the nine months ended September 30, 2018. |
Note 9 - Fair Value Measureme_5
Note 9 - Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Fair Value | $ 10,883 | $ 12,280 |
Total Losses | (240) | (219) |
Fair Value, Inputs, Level 1 [Member] | ||
Fair Value | ||
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value | ||
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value | 10,883 | 12,280 |
Other Real Estate Owned [Member] | ||
Fair Value | 620 | 1,426 |
Total Losses | (219) | |
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value | ||
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value | ||
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value | 620 | 1,426 |
Impaired Loans [Member] | Commercial Portfolio Segment [Member] | ||
Fair Value | 4,815 | 4,950 |
Total Losses | ||
Impaired Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value | 5,448 | 5,904 |
Total Losses | (240) | |
Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial Portfolio Segment [Member] | ||
Fair Value | ||
Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value | ||
Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial Portfolio Segment [Member] | ||
Fair Value | ||
Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value | ||
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | ||
Fair Value | 4,815 | 4,950 |
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Fair Value | $ 5,448 | $ 5,904 |
Note 9 - Fair Value Measureme_6
Note 9 - Fair Value Measurements - Fair Value Estimates for Financial Instruments, Excluding Financial Instruments Recorded at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Debt securities held to maturity | $ 1,002,648 | $ 1,155,342 |
Reported Value Measurement [Member] | ||
Cash and due from banks | 522,660 | 575,002 |
Debt securities held to maturity | 1,025,699 | 1,158,864 |
Loans | 1,174,928 | 1,264,973 |
Deposits | 4,835,837 | 4,827,613 |
Short-term borrowed funds | 61,756 | 58,471 |
Estimate of Fair Value Measurement [Member] | ||
Cash and due from banks | 522,660 | 575,002 |
Debt securities held to maturity | 1,002,648 | 1,155,342 |
Loans | 1,176,889 | 1,257,811 |
Deposits | 4,832,135 | 4,824,586 |
Short-term borrowed funds | 61,756 | 58,471 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and due from banks | 522,660 | 575,002 |
Debt securities held to maturity | ||
Loans | ||
Deposits | ||
Short-term borrowed funds | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and due from banks | ||
Debt securities held to maturity | 1,002,648 | 1,155,342 |
Loans | ||
Deposits | 4,630,997 | 4,595,795 |
Short-term borrowed funds | 61,756 | 58,471 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and due from banks | ||
Debt securities held to maturity | ||
Loans | 1,176,889 | 1,257,811 |
Deposits | 201,138 | 228,791 |
Short-term borrowed funds |
Note 10 - Commitments and Con_2
Note 10 - Commitments and Contingent Liabilities (Details Textual) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Unfunded Loan Commitments | $ 292,704 | $ 272,646 |
Other Liabilities [Member] | ||
Reserve for Unfunded Commitments | 2,308 | 2,308 |
Financial Standby Letter of Credit [Member] | ||
Letters of Credit Outstanding, Amount | 2,904 | 19,263 |
Commercial Standby Letters of Credit [Member] | ||
Letters of Credit Outstanding, Amount | 0 | $ 0 |
Settlement to Dismiss Lawsuit [Member] | ||
Loss Contingency Accrual, Ending Balance | 3,500 | |
Customer Refunds [Member] | ||
Loss Contingency Accrual, Ending Balance | $ 5,542 |
Note 11 - Earnings Per Common_3
Note 11 - Earnings Per Common Share (Details Textual) - shares shares in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Employee Stock Option [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 326 | 376 | 432 | 343 |
Note 11 - Earnings Per Common_4
Note 11 - Earnings Per Common Share - Earnings Per Common Share and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net income for the period | $ 16,993 | $ 15,017 | $ 52,509 | $ 45,865 |
Basic earnings per common share | ||||
Weighted average number of common shares outstanding - basic (in shares) | 26,701 | 26,309 | 26,622 | 26,260 |
Basic earnings per common share (in dollars per share) | $ 0.64 | $ 0.57 | $ 1.97 | $ 1.75 |
Diluted earnings per common share | ||||
Weighted average number of common shares outstanding - basic (in shares) | 26,701 | 26,309 | 26,622 | 26,260 |
Add common stock equivalents for options (in shares) | 114 | 95 | 114 | 119 |
Weighted average number of common shares outstanding - diluted (denominator) (in shares) | 26,815 | 26,404 | 26,736 | 26,379 |
Diluted earnings per common share (in dollars per share) | $ 0.63 | $ 0.57 | $ 1.96 | $ 1.74 |