Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Nov. 06, 2018 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Trading Symbol | TCBK | |
Entity Registrant Name | TRICO BANCSHARES / | |
Entity Central Index Key | 356,171 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 30,417,818 | |
Entity Emerging Growth Company | false | |
Entity Small Business | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Assets: | ||
Cash and due from banks | $ 109,363 | $ 105,968 |
Cash at Federal Reserve and other banks | 117,180 | 99,460 |
Cash and cash equivalents | 226,543 | 205,428 |
Investment securities: | ||
Marketable equity securities | 2,846 | 2,938 |
Available for sale debt securities | 1,055,960 | 727,945 |
Held to maturity debt securities | 459,897 | 514,844 |
Restricted equity securities | 17,250 | 16,956 |
Loans held for sale | 3,824 | 4,616 |
Loans | 4,027,436 | 3,015,165 |
Allowance for loan losses | (31,603) | (30,323) |
Total loans, net | 3,995,833 | 2,984,842 |
Foreclosed assets, net | 1,832 | 3,226 |
Premises and equipment, net | 89,290 | 57,742 |
Cash value of life insurance | 116,596 | 97,783 |
Accrued interest receivable | 19,592 | 13,772 |
Goodwill | 220,972 | 64,311 |
Other intangible assets, net | 30,711 | 5,174 |
Mortgage servicing rights | 7,122 | 6,687 |
Other assets | 70,597 | 55,051 |
Total assets | 6,318,865 | 4,761,315 |
Deposits: | ||
Noninterest-bearing demand | 1,710,505 | 1,368,218 |
Interest-bearing | 3,382,612 | 2,640,913 |
Total deposits | 5,093,117 | 4,009,131 |
Accrued interest payable | 1,729 | 930 |
Other liabilities | 82,077 | 66,422 |
Other borrowings | 282,831 | 122,166 |
Junior subordinated debt | 56,996 | 56,858 |
Total liabilities | 5,516,750 | 4,255,507 |
Commitments and contingencies (Note 12) | ||
Shareholders' equity: | ||
Preferred stock, no par value: 1,000,000 shares authorized, zero issued and outstanding at September 30, 2018 and December 31, 2017 | ||
Common stock, no par value: 50,000,000 shares authorized; issued and outstanding: 30,417,818 at September 30, 2018 22,955,963 at December 31, 2017 | 541,519 | 255,836 |
Retained earnings | 287,555 | 255,200 |
Accumulated other comprehensive loss, net of tax | (26,959) | (5,228) |
Total shareholders' equity | 802,115 | 505,808 |
Total liabilities and shareholders' equity | $ 6,318,865 | $ 4,761,315 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares | Sep. 30, 2018 | Dec. 31, 2017 |
Statement of Financial Position [Abstract] | ||
Preferred stock, no par value | $ 0 | $ 0 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, no par value | $ 0 | $ 0 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, shares issued | 30,417,818 | 22,955,963 |
Common stock, shares outstanding | 30,417,818 | 22,955,963 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Interest and dividend income: | ||||
Loans, including fees | $ 53,102 | $ 37,268 | $ 130,455 | $ 108,600 |
Investments: | ||||
Taxable securities | 9,189 | 7,011 | 23,949 | 20,617 |
Tax exempt securities | 1,189 | 1,041 | 3,272 | 3,124 |
Dividends | 459 | 301 | 1,093 | 1,020 |
Interest bearing cash at Federal Reserve and other banks | 615 | 292 | 1,384 | 1,080 |
Total interest and dividend income | 64,554 | 45,913 | 160,153 | 134,441 |
Interest expense: | ||||
Deposits | 2,072 | 1,028 | 4,402 | 2,896 |
Other borrowings | 1,178 | 149 | 2,106 | 164 |
Junior subordinated debt | 815 | 652 | 2,301 | 1,870 |
Total interest expense | 4,065 | 1,829 | 8,809 | 4,930 |
Net interest income | 60,489 | 44,084 | 151,344 | 129,511 |
Provision for (benefit from) loan losses | 2,651 | 765 | 1,777 | (1,588) |
Net interest income after provision for (benefit from) loan losses | 57,838 | 43,319 | 149,567 | 131,099 |
Noninterest income: | ||||
Service charges and fees | 9,743 | 9,475 | 28,327 | 27,861 |
Commissions on sale of non-deposit investment products | 728 | 672 | 2,414 | 1,984 |
Increase in cash value of life insurance | 732 | 732 | 1,996 | 2,043 |
Gain on sale of loans | 539 | 606 | 1,831 | 2,293 |
Gain on sale of investment securities | 207 | 961 | 207 | 961 |
Other | 237 | 484 | 1,875 | 2,401 |
Total noninterest income | 12,186 | 12,930 | 36,650 | 37,543 |
Noninterest expense: | ||||
Salaries and related benefits | 25,823 | 20,933 | 68,928 | 62,320 |
Other | 21,555 | 16,289 | 54,482 | 46,628 |
Total noninterest expense | 47,378 | 37,222 | 123,410 | 108,948 |
Income before income taxes | 22,646 | 19,027 | 62,807 | 59,694 |
Provision for income taxes | 6,476 | 7,130 | 17,698 | 22,129 |
Net income | $ 16,170 | $ 11,897 | $ 45,109 | $ 37,565 |
Earnings per share: | ||||
Basic | $ 0.54 | $ 0.52 | $ 1.78 | $ 1.64 |
Diluted | $ 0.53 | $ 0.51 | $ 1.76 | $ 1.62 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 16,170 | $ 11,897 | $ 45,109 | $ 37,565 |
Other comprehensive income (loss), net of tax: | ||||
Unrealized gains (losses) on available for sale securities arising during the period, after reclassifications | (5,917) | (166) | (20,941) | 3,137 |
Change in minimum pension liability, after reclassifications | 81 | 55 | 241 | 164 |
Other comprehensive income (loss) | (5,836) | (111) | (20,700) | 3,301 |
Comprehensive income | $ 10,334 | $ 11,786 | $ 24,409 | $ 40,866 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands | Total | Common Stock [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
Beginning balance at Dec. 31, 2016 | $ 477,347 | $ 252,820 | $ 232,440 | $ (7,913) |
Beginning balance, shares at Dec. 31, 2016 | 22,867,802 | |||
Net income | 37,565 | 37,565 | ||
Other comprehensive income (loss) | 3,301 | 3,301 | ||
Stock option vesting | 211 | $ 211 | ||
Service condition RSU vesting | 657 | 657 | ||
Market plus service condition RSU vesting | 316 | 316 | ||
Service condition RSUs released | 0 | $ 0 | 0 | 0 |
Service condition RSUs released, shares | 28,397 | |||
Market plus service condition RSUs released | 0 | $ 0 | 0 | 0 |
Market plus service conditions RSUs released, shares | 18,805 | |||
Stock options exercised | 2,418 | $ 2,418 | ||
Stock options exercised, shares | 133,850 | |||
Repurchase of common stock, value | (3,854) | $ (1,191) | (2,663) | |
Repurchase of common stock, shares | (107,390) | |||
Dividends paid | (11,228) | (11,228) | ||
Ending balance at Sep. 30, 2017 | 506,733 | $ 255,231 | 256,114 | (4,612) |
Ending balance, shares at Sep. 30, 2017 | 22,941,464 | |||
Beginning balance at Dec. 31, 2017 | $ 505,808 | $ 255,836 | 255,200 | (5,228) |
Beginning balance, shares at Dec. 31, 2017 | 22,955,963 | 22,955,963 | ||
Net income | $ 45,109 | 45,109 | ||
Adoption ASU | ASU 2016-01 [Member] | (62) | 62 | ||
Adoption ASU | ASU 2018-02 [Member] | 1,093 | (1,093) | ||
Other comprehensive income (loss) | (20,700) | (20,700) | ||
Stock option vesting | 75 | $ 75 | ||
Service condition RSU vesting | 745 | 745 | ||
Market plus service condition RSU vesting | 274 | 274 | ||
Service condition RSUs released | 0 | $ 0 | 0 | 0 |
Service condition RSUs released, shares | 32,516 | |||
Market plus service condition RSUs released | 0 | $ 0 | 0 | 0 |
Market plus service conditions RSUs released, shares | 25,512 | |||
Stock options exercised | $ 475 | $ 475 | ||
Stock options exercised, shares | 27,400 | 27,400 | ||
Issuance of common stock | $ 284,437 | $ 284,437 | ||
Issuance of common stock, shares | 7,405,277 | |||
Repurchase of common stock, value | (1,124) | $ (323) | (801) | |
Repurchase of common stock, shares | (28,850) | |||
Dividends paid | (12,984) | (12,984) | ||
Ending balance at Sep. 30, 2018 | $ 802,115 | $ 541,519 | $ 287,555 | $ (26,959) |
Ending balance, shares at Sep. 30, 2018 | 30,417,818 | 30,417,818 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Retained Earnings [Member] | ||
Dividends paid, per share | $ 0.51 | $ 0.49 |
Condensed Consolidated Statem_5
Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Operating activities: | ||
Net income | $ 45,109 | $ 37,565 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation of premises and equipment, and amortization | 4,914 | 5,089 |
Amortization of intangible assets | 2,068 | 1,050 |
Provision for (benefit from) loan losses | 1,777 | (1,588) |
Amortization of investment securities premium, net | 1,953 | 2,431 |
Gain on sale of investment securities | (207) | (961) |
Originations of loans for resale | (63,912) | (83,907) |
Proceeds from sale of loans originated for resale | 66,138 | 85,846 |
Gain on sale of loans | (1,831) | (2,293) |
Change in market value of mortgage servicing rights | (38) | 795 |
Provision for losses on foreclosed assets | 89 | 162 |
Gain on sale of foreclosed assets | (390) | (308) |
Loss on disposal of fixed assets | 206 | 61 |
Gain on sale of premises held for sale | (3) | |
Increase in cash value of life insurance | (1,996) | (2,043) |
Life insurance proceeds in excess of cash value | (108) | |
Loss on marketable equity securities | 92 | |
Equity compensation vesting expense | 1,094 | 1,184 |
Change in: | ||
Reserve for unfunded commitments | (864) | 270 |
Interest receivable | (5,820) | (629) |
Interest payable | 799 | 49 |
Other assets and liabilities, net | 10,724 | 3,155 |
Net cash from operating activities | 59,905 | 45,817 |
Investing activities: | ||
Cash acquired in acquisition, net of consideration paid | 30,613 | |
Proceeds from maturities of securities available for sale | 54,510 | 20,889 |
Proceeds from maturities of securities held to maturity | 54,203 | 64,969 |
Proceeds from sale of available for sale securities | 293,279 | 25,757 |
Purchases of securities available for sale | (370,843) | (195,465) |
Net redemption of restricted equity securities | 7,429 | |
Loan origination and principal collections, net | (178,596) | (174,914) |
Proceeds from sale of foreclosed assets | 2,206 | 1,787 |
Proceeds from sale of premises held for sale | 3,338 | |
Proceeds from sale of premises and equipment | 62 | |
Purchases of premises and equipment | (5,736) | (10,874) |
Life insurance proceeds | 649 | |
Net cash from investing activities | (112,873) | (263,864) |
Financing activities: | ||
Net change in deposits | 92,051 | 31,896 |
Net change in other borrowings | (4,335) | 81,237 |
Repurchase of common stock | (834) | (1,629) |
Dividends paid | (12,984) | (11,228) |
Exercise of stock options | 185 | 193 |
Net cash from financing activities | 74,083 | 100,469 |
Net change in cash and cash equivalents | 21,115 | (117,578) |
Cash and cash equivalents at beginning of year | 205,428 | 305,612 |
Cash and cash equivalents at end of year | 226,543 | 188,034 |
Supplemental disclosure of noncash activities: | ||
Unrealized (loss) gain on securities available for sale | (29,704) | 5,411 |
Loans transferred to foreclosed assets | 511 | 726 |
Market value of shares tendered in-lieu of cash to pay for exercise of options and/or related taxes | 1,124 | 3,854 |
Supplemental disclosure of cash flow activity: | ||
Cash paid for interest expense | 8,010 | 4,881 |
Cash paid for income taxes | 11,625 | $ 15,450 |
Assets acquired in acquisition plus goodwill recognized, net | 1,456,505 | |
Liabilities assumed in acquisition | $ 1,172,068 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2018 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Note 1 – Summary of Significant Accounting Policies Description of Business and Basis of Presentation TriCo Bancshares (the “Company” or “we”) is a California corporation organized to act as a bank holding company for Tri Counties Bank (the “Bank”). The Company and the Bank are headquartered in Chico, California. The Bank is a California-chartered bank that is engaged in the general commercial banking business in 29 California counties. The Bank operates from 69 traditional branches, 9 in-store The consolidated financial statements are prepared in accordance with accounting policies generally accepted in the United States of America and general practices in the banking industry. All adjustments necessary for a fair presentation of these consolidated financial statements have been included and are of a normal and recurring nature. The financial statements include the accounts of the Company. All inter-company accounts and transactions have been eliminated in consolidation. For financial reporting purposes, the Company’s investments in the Capital Trusts of $1,741,000 are accounted for under the equity method and, accordingly, are not consolidated and are included in other assets on the consolidated balance sheet. The subordinated debentures issued and guaranteed by the Company and held by the Capital Trusts are reflected as debt on the Company’s consolidated balance sheet. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to the rules and regulatinos of the Securities and Exchange Commission. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidtated financial statements and notes thereto included in the Company’s Annua Report on Form 10-K Significant Group Concentration of Credit Risk The Company grants agribusiness, commercial, consumer, and residential loans to customers located throughout northern and central California. The Company has a diversified loan portfolio within the business segments located in this geographical area. The Company currently classifies all its operation into one business segment that it denotes as community banking. Geographical Descriptions For the purpose of describing the geographical location of the Company’s loans, the Company has defined northern California as that area of California north of, and including, Stockton; central California as that area of the state south of Stockton, to and including, Bakersfield; and southern California as that area of the state south of Bakersfield. Business Combinations The Company accounts for acquisitions of businesses using the acquisition method of accounting. Under the acquisition method, assets acquired and liabilities assumed are recorded at their estimated fair values at the date of acquisition. Management utilizes various valuation techniques including discounted cash flow analyses to determine these fair values. Any excess of the purchase price over amounts allocated to the acquired assets, including identifiable intangible assets, and liabilities assumed is recorded as goodwill. Cash and Cash Equivalents Net cash flows are reported for loan and deposit transactions and other borrowings. For purposes of the consolidated statement of cash flows, cash, due from banks with maturities less than 90 days, interest-earning deposits in other banks, and Federal funds sold are considered to be cash equivalents. Revenue Recognition The Company records revenue from contracts with customers in accordance with Accounting Standards Codification Topic 606, “Revenue from Contracts with Customers” (“Topic 606”). Under Topic 606, the Company must identify the contract with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when (or as) the Company satisfies a performance obligation. Most of our revenue-generating transactions are not subject to Topic 606, including revenue generated from financial instruments, such as our loans and investment securities. In addition, certain noninterest income streams such as fees associated with mortgage servicing rights, financial guarantees, derivatives, and certain credit card fees are also not in scope of the new guidance. The Company’s noninterest revenue streams are largely based on transactional activity, or standard month-end month-end Accounting Standards Adopted in 2018 FASB Accounting Standards Update (ASU) No. 2014- 09, Revenue from Contracts with Customers (Topic 606): 2014-09 2014-09 2014-09 2014-09 In January 2016, the FASB issued ASU No. 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities.” available-for-sale No. 2016-01 Fair Value Measurement FASB issued ASU No. 2016-18, Statement of Cash Flows - Restricted Cash (Topic 230). ASU 2016-18 beginning-of-period end-of-period ASU 2016-18 FASB issued ASU No. 2017-01, Business Combinations - Clarifying the Definition of a Business (Topic 805). ASU 2017-01 ASU 2017-01 ASU 2017-01 FASB issued ASU No. 2017-07, Compensation - Retirement Benefits (Topic 715). 2017-07 ASU 2017-07 FASB issued ASU 2017-09, Compensation - Stock Compensation (Topic 718). ASU 2017-09 ASU 2017-09, ASU 2017-09 FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220). 2018-02 2018-02 2018-02 Accounting Standards Pending Adoption FASB issued ASU No. 2016-02, Leases (Topic 842) ASU 2016-2, on-balance ASU 2016-02 No. 2018-10 2018-11. No. 2016-02, 2018-10 2018-11. FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326) FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other: Simplifying the Test for Goodwill Impairment (Topic 350): 2017-04 ASU 2017-04 FASB issued ASU 2017-08, Receivables - Nonrefundable Fees and Other Costs (Topic 310). ASU 2017-08 non-pooled ASU 2017-08 ASU 2017-08 In August 2018, the FASB issued ASU No. 2018-13, “Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement.” No. 2018-13 No. 2018-13 In August 2018, the FASB issued ASU No. 2018-14, “Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans.” 2018-14 2018-14 |
Business Combinations
Business Combinations | 9 Months Ended |
Sep. 30, 2018 | |
Business Combinations [Abstract] | |
Business Combinations | Note 2 - Business Combinations Merger with FNB Bancorp On July 6, 2018, the Company completed the acquisition of FNB Bancorp (“FNBB”) for an aggregate transaction value of $291,132,000. FNBB was merged into the Company, and the Company issued 7,405,277 shares of common stock to the former shareholders of FNBB. FNBB’s subsidiary, First National Bank of Northern California, merged into the Bank on the same day. The Company also paid $6.7 million to settle and retire all FNBB stock options outstanding as of the acquisition date. Upon the consummation of the merger, the Company added 12 branches within San Mateo, San Francisco, and Santa Clara counties. In accordance with accounting for business combinations, the Company recorded $156,661,000 of goodwill and $27,605,000 of core deposit intangibles on the acquisition date. The core deposit intangibles will be amortized over the weighted average remaining life of 6.2 years with no significant residual value. For tax purposes, purchase prices accounting adjustments including goodwill are all non-taxable non-deductible. The acquisition was consistent with the Company’s strategy to expand into the Bay Area market. The acquisition offers the Company the opportunity to increase profitability by introducing existing products and services to the acquired customer base as well as add new customers in the expanded region. Goodwill arising from the acquisition consisted largely of the estimated cost savings resulting from the combined operations. The following table summarizes the consideration paid for FNBB and the amounts of assets acquired and liabilities assumed that were recorded at the acquisition date (in thousands). FNB Bancorp Fair value of consideration transferred: Fair value of shares issued $ 284,437 Cash consideration 6,695 Total fair value of consideration transferred 291,132 Assets acquired: Cash and cash equivalents 37,308 Securities available for sale 335,667 Restricted equity securities 7,723 Loans 834,683 Premises and equipment 30,522 Cash value of life insurance 16,817 Core deposit intangible 27,605 Other assets 16,214 Total assets acquired 1,306,539 Liabilities assumed: Deposits 991,935 Other liabilities 15,133 Short-term borrowings - Federal Home Loan Bank 165,000 Total liabilities assumed 1,172,068 Total net assets acquired 134,471 Goodwill recognized $ 156,661 The fair value of net assets acquired includes fair value adjustments to certain loans that were not considered impaired (PNCI loans) as of the acquisition date. The fair value adjustments were determined using discounted contractual cash flows. As such, these loans were not considered impaired at the acquisition date and were not subject to the guidance relating to purchased credit impaired loans (PCI loans), which have shown evidence of credit deterioration since origination. The gross contractual amounts receivable and fair value for PNCI loans as of the acquisition date was $866,189,000 and $833,381,000, respectively. The gross contractual amounts receivable and fair value for PCI loans as of the acquisition date was $1,683,000 and $1,302,000, respectively. The accompanying condensed consolidated financial statements include the accounts of FNB Bancorp since July 6, 2018. The table below presents the unaudited pro forma information as if the acquisition of FNB Bancorp had occurred on January 1, 2017 after giving effect to certain acquisition accounting adjustments. The pro forma information for the three and nine months ended September 30, 2018 and 2017 includes acquisition adjustments for the amortization/accretion on loans, core deposit intangibles, and related income tax effects. The pro forma financial information also includes one-time Three months ended Nine months ended September 30, September 30, September 30, September 30, ( in thousands, except per share data) Summarized proforma income statement data: Net interest income $ 61,259 $ 57,329 $ 178,434 $ 168,363 Provision for (benefit from) loan losses 2,651 765 1,374 (1,728 ) Noninterest income 12,288 13,902 38,517 40,537 Noninterest expense (40,850 ) (45,983 ) (135,048 ) (135,218 ) Income before taxes 30,046 24,483 80,529 75,410 Income taxes 8,384 9,055 22,996 27,436 Net income $ 21,662 $ 15,428 $ 57,533 $ 47,974 Basic earnings per share $ 0.72 $ 0.51 $ 1.76 $ 1.58 Diluted earnings per share $ 0.71 $ 0.50 $ 1.74 $ 1.56 It is impracticable to separately provide information regarding the revenue and earnings of FNB Bancorp included in the Company’s consolidated income statement from the July 6, 2018 acquisition date to September 30, 2018 because the operations of FNB Bancorp were substantially comingled with the operations of the Company as of the system conversion date of July 22, 2018. |
Investment Securities
Investment Securities | 9 Months Ended |
Sep. 30, 2018 | |
Investments Schedule [Abstract] | |
Investment Securities | Note 3 - Investment Securities The amortized cost and estimated fair values of investments in debt securities are summarized in the following tables: September 30, 2018 Amortized Gross Gross Estimated Fair (in thousands) Debt Securities Available for Sale Obligations of U.S. government agencies $ 666,021 163 (27,308 ) $ 638,876 Obligations of states and political subdivisions 129,072 107 (5,759 ) 123,420 Corporate bonds 4,368 65 (2 ) 4,431 Asset backed securities 289,550 181 (498 ) 289,233 Total debt securities available for sale $ 1,089,011 $ 516 $ (33,567 ) $ 1,055,960 Debt Securities Held to Maturity Obligations of U.S. government agencies $ 445,309 $ 88 $ (13,361 ) $ 432,036 Obligations of states and political subdivisions 14,588 58 (395 ) 14,251 Total debt securities held to maturity $ 459,897 $ 146 $ (13,756 ) $ 446,287 December 31, 2017 Amortized Gross Gross Estimated Fair (in thousands) Debt Securities Available for Sale Obligations of U.S. government agencies $ 609,695 $ 695 $ (5,601 ) $ 604,789 Obligations of states and political subdivisions 121,597 1,888 (329 ) 123,156 Total debt securities available for sale $ 731,292 $ 2,583 $ (5,930 ) $ 727,945 Debt Securities Held to Maturity Obligations of U.S. government agencies $ 500,271 $ 5,101 $ (1,889 ) $ 503,483 Obligations of states and political subdivisions 14,573 146 (37 ) 14,682 Total debt securities held to maturity $ 514,844 $ 5,247 $ (1,926 ) $ 518,165 Proceeds from sales of available for sale debt securities of $293,279,000 and $25,757,000 were received during the three months ended September 30, 2018 and 2017, respectively. Gross realized gains during the three months ended September 30, 2018 and 2017 were $207,000 and $961,000, respectively. There were no sales of investment securities during the first six months of 2018 or 2017. Investment securities with an aggregate carrying value of $548,123,000 and $285,596,000 at September 30, 2018 and December 31, 2017, respectively, were pledged as collateral for specific borrowings, lines of credit and local agency deposits. The amortized cost and estimated fair value of debt securities at September 30, 2018 by contractual maturity are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. At September 30, 2018, obligations of U.S. government corporations and agencies with a cost basis totaling $1,111,330,000 consist almost entirely of residential real estate mortgage-backed securities whose contractual maturity, or principal repayment, will follow the repayment of the underlying mortgages. For purposes of the following table, the entire outstanding balance of these mortgage-backed securities issued by U.S. government corporations and agencies is categorized based on final maturity date. At September 30, 2018, the Company estimates the average remaining life of these mortgage-backed securities issued by U.S. government corporations and agencies to be approximately 6.1 years. Average remaining life is defined as the time span after which the principal balance has been reduced by half. Debt Securities Available for Sale Held to Maturity (In thousands) Amortized Estimated Fair Amortized Estimated Fair Due in one year $ 2,435 $ 2,434 $ — $ — Due after one year through five years 12,486 12,501 1,231 1,240 Due after five years through ten years 17,764 17,740 25,955 25,210 Due after ten years 1,056,326 1,023,285 432,711 419,837 Totals $ 1,089,011 $ 1,055,960 $ 459,897 $ 446,287 Gross unrealized losses on debt securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows: Less than 12 months 12 months or more Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized September 30, 2018 (in thousands) Debt Securities Available for Sale Obligations of U.S. government agencies $ 323,972 $ (10,839 ) $ 311,035 $ (16,469 ) $ 635,007 $ (27,308 ) Obligations of states and political subdivisions 85,668 (3,659 ) 18,323 (2,100 ) 103,991 (5,759 ) Corporate bonds 1,969 (2 ) — — 1,969 (2 ) Asset backed securities 79,943 (498 ) — — 79,943 (498 ) Total debt securities available for sale $ 491,552 $ (14,998 ) $ 329,358 $ (18,569 ) $ 820,910 $ (33,567 ) Debt Securities Held to Maturity Obligations of U.S. government agencies $ 307,432 $ (7,693 ) $ 109,312 $ (5,668 ) $ 416,744 $ (13,361 ) Obligations of states and political subdivisions 8,971 (230 ) 3,076 (165 ) 12,047 (395 ) Total debt securities held to maturity $ 316,403 $ (7,923 ) $ 112,388 $ (5,833 ) $ 428,791 $ (13,756 ) Less than 12 months 12 months or more Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized December 31, 2017 (in thousands) Debt Securities Available for Sale Obligations of U.S. government agencies $ 284,367 $ (2,176 ) $ 166,338 $ (3,425 ) $ 450,705 $ (5,601 ) Obligations of states and political subdivisions 4,904 (35 ) 17,085 (294 ) 21,989 (329 ) Total securities available for sale $ 289,271 $ (2,211 ) $ 183,423 $ (3,719 ) $ 472,694 $ (5,930 ) Debt Securities Held to Maturity Obligations of U.S. government agencies $ 93,017 $ (567 ) $ 95,367 $ (1,322 ) $ 188,384 $ (1,889 ) Obligations of states and political subdivisions 1,488 (7 ) 2,637 (30 ) 4,125 (37 ) Total debt securities held to maturity $ 94,505 $ (574 ) $ 98,004 $ (1,352 ) $ 192,509 $ (1,926 ) Obligations of U.S. government agencies: Unrealized losses on investments in obligations of U.S. government agencies are caused by interest rate increases. The contractual cash flows of these securities are guaranteed by U.S. Government Sponsored Entities (principally Fannie Mae and Freddie Mac). It is expected that the securities would not be settled at a price less than the amortized cost of the investment. Because the decline in fair value is attributable to changes in interest rates and not credit quality, and because the Company does not intend to sell and more likely than not will not be required to sell, these investments are not considered other-than-temporarily impaired. At September, 2018, 171 debt securities representing obligations of U.S. government agencies had unrealized losses with aggregate depreciation of (3.7%) from the Company’s amortized cost basis. Obligations of states and political subdivisions: The unrealized losses on investments in obligations of states and political subdivisions were caused by increases in required yields by investors in these types of securities. It is expected that the securities would not be settled at a price less than the amortized cost of the investment. Because the decline in fair value is attributable to changes in interest rates and not credit quality, and because the Company does not intend to sell and more likely than not will not be required to sell, these investments are not considered other-than-temporarily impaired. At September 30, 2018, 132 debt securities representing obligations of states and political subdivisions had unrealized losses with aggregate depreciation of (5.0%) from the Company’s amortized cost basis. Corporate bonds: The unrealized losses on investments in corporate bonds were caused by increases in required yields by investors in these types of securities. It is expected that the securities would not be settled at a price less than the amortized cost of the investment. Because management believes the decline in fair value is attributable to changes in interest rates and not credit quality, and because the Company does not intend to sell and more likely than not will not be required to sell, these investments are not considered other-than-temporarily impaired. At September 30, 2018, one corporate bond had unrealized losses with aggregate depreciation of (0.1%) from the Company’s amortized cost basis. Asset backed securities: The unrealized losses on investments in asset backed securities were caused by increases in required yields by investors in these types of securities. At the time of purchase, each of these securities were rated AA or AAA and through September 30, 2018 have not experienced any deterioration in credit rating. The Company continues to monitor these securities for changes in credit rating or other indications of credit deterioration. Because management believes the decline in fair value is attributable to changes in interest rates and not credit quality, and because the Company does not intend to sell and more likely than not will not be required to sell, these investments are not considered other-than-temporarily impaired. At September 30, 2018, 6asset backed securities had unrealized losses with aggregate depreciation of (0.6%) from the Company’s amortized cost basis. Marketable equity securities: All unrealized losses recognized during the reporting period were for equity securities still held at September 30, 2018. |
Loans
Loans | 9 Months Ended |
Sep. 30, 2018 | |
Receivables [Abstract] | |
Loans | Note 4 – Loans A summary of loan balances follows (in thousands): September 30, 2018 Originated PNCI PCI Total Mortgage loans on real estate: Residential 1-4 $ 340,515 $ 182,201 $ 1,698 $ 524,414 Commercial 1,863,604 736,299 7,885 2,607,788 Total mortgage loans on real estate 2,204,119 918,500 9,583 3,132,202 Consumer: Home equity lines of credit 284,956 44,881 1,299 331,136 Home equity loans 35,556 4,690 447 40,693 Other 26,294 23,120 42 49,456 Total consumer loans 346,806 72,691 1,788 421,285 Commercial 234,741 52,479 2,427 289,647 Construction: Residential 81,533 33,041 — 114,574 Commercial 63,508 6,220 — 69,728 Total construction 145,041 39,261 — 184,302 Total loans, net of deferred loan fees and discounts $ 2,930,707 $ 1,082,931 $ 13,798 $ 4,027,436 Total principal balance of loans owed, net of charge-offs $ 2,940,897 $ 1,120,654 $ 21,007 $ 4,082,558 Unamortized net deferred loan fees (10,190 ) — — (10,190 ) Discounts to principal balance of loans owed, net of charge-offs — (37,723 ) (7,209 ) (44,932 ) Total loans, net of unamortized deferred loan fees and discounts $ 2,930,707 $ 1,082,931 $ 13,798 $ 4,027,436 Allowance for loan losses $ (30,927 ) $ (566 ) $ (110 ) $ (31,603 ) December 31, 2017 Originated PNCI PCI Total Mortgage loans on real estate: Residential 1-4 $ 320,522 $ 63,519 $ 1,385 $ 385,426 Commercial 1,690,510 215,823 8,563 1,914,896 Total mortgage loan on real estate 2,011,032 279,342 9,948 2,300,322 Consumer: Home equity lines of credit 269,942 16,248 2,498 288,688 Home equity loans 39,848 2,698 485 43,031 Other 22,859 2,251 45 25,155 Total consumer loans 332,649 21,197 3,028 356,874 Commercial 209,437 8,391 2,584 220,412 Construction: Residential 67,920 10 — 67,930 Commercial 69,364 263 — 69,627 Total construction 137,284 273 — 137,557 Total loans, net of deferred loan fees and discounts $ 2,690,402 $ 309,203 $ 15,560 $ 3,015,165 Total principal balance of loans owed, net of charge-offs $ 2,699,053 $ 316,238 $ 23,181 $ 3,038,472 Unamortized net deferred loan fees (8,651 ) — — (8,651 ) Discounts to principal balance of loans owed, net of charge-offs — (7,035 ) (7,621 ) (14,656 ) Total loans, net of unamortized deferred loan fees and discounts $ 2,690,402 $ 309,203 $ 15,560 $ 3,015,165 Allowance for loan losses $ (29,122 ) $ (929 ) $ (272 ) $ (30,323 ) The following is a summary of the change in accretable yield for PCI loans during the periods indicated (in thousands): Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Change in accretable yield: Balance at beginning of period $ 3,996 $ 7,956 $ 4,262 $ 10,348 Accretion to interest income (253 ) (594 ) (769 ) (2,554 ) Reclassification (to) from nonaccretable difference (47 ) (2,893 ) 203 (3,325 ) Balance at end of period $ 3,696 $ 4,469 $ 3,696 $ 4,469 |
Allowance for Loan Losses
Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2018 | |
Receivables [Abstract] | |
Allowance for Loan Losses | Note 5 - Allowance for Loan Losses The following tables summarize the activity in the allowance for loan losses, and ending balance of loans, net of unearned fees for the periods indicated. Allowance for Loan Losses – Three Months Ended September 30, 2018 (in thousands) Beginning Charge-offs Recoveries Provision Ending Balance Mortgage loans on real estate: Residential 1-4 $ 1,991 $ (25 ) $ — $ 434 $ 2,400 Commercial 11,607 — 15 1,257 12,879 Total mortgage loans on real estate 13,598 (25 ) 15 1,691 15,279 Consumer: Home equity lines of credit 5,048 (172 ) 151 194 5,221 Home equity loans 1,532 (23 ) 139 (55 ) 1,593 Other 557 (229 ) 63 309 700 Total consumer loans 7,137 (424 ) 353 448 7,514 Commercial 6,378 (693 ) 202 337 6,224 Construction: Residential 1,434 — — 192 1,626 Commercial 977 — — (17 ) 960 Total construction 2,411 — — 175 2,586 Total $ 29,524 $ (1,142 ) $ 570 $ 2,651 $ 31,603 Allowance for Loan Losses – Nine Months Ended September 30, 2018 (in thousands) Beginning Charge-offs Recoveries Provision Ending Balance Mortgage loans on real estate: Residential 1-4 $ 2,317 $ (77 ) $ — $ 160 $ 2,400 Commercial 11,441 (15 ) 51 1,402 12,879 Total mortgage loans on real estate 13,758 (92 ) 51 1,562 15,279 Consumer: Home equity lines of credit 5,800 (276 ) 677 (980 ) 5,221 Home equity loans 1,841 (23 ) 176 (401 ) 1,593 Other 586 (597 ) 208 503 700 Total consumer loans 8,227 (896 ) 1,061 (878 ) 7,514 Commercial 6,512 (952 ) 331 333 6,224 Construction: Residential 1,184 — — 442 1,626 Commercial 642 — — 318 960 Total construction 1,826 — — 760 2,586 Total $ 30,323 $ (1,940 ) $ 1,443 $ 1,777 $ 31,603 Allowance for Loan Losses – As of September 30, 2018 (in thousands) Individually Loans pooled Loans acquired Total allowance Mortgage loans on real estate: Residential 1-4 $ 57 $ 2,313 $ 30 $ 2,400 Commercial 268 12,552 59 12,879 Total mortgage loans on real estate 325 14,865 89 15,279 Consumer: Home equity lines of credit 168 5,046 7 5,221 Home equity loans 175 1,418 — 1,593 Other 103 597 — 700 Total consumer loans 446 7,061 7 7,514 Commercial 1,857 4,353 14 6,224 Construction: Residential — 1,626 — 1,626 Commercial — 960 — 960 Total construction — 2,586 — 2,586 Total $ 2,628 $ 28,865 $ 110 $ 31,603 Loans, Net of Unearned fees – As of September 30, 2018 (in thousands) Individually Loans pooled Loans acquired Total loans, net Mortgage loans on real estate: Residential 1-4 $ 4,781 $ 517,935 $ 1,698 $ 524,414 Commercial 13,244 2,586,659 7,885 2,607,788 Total mortgage loans on real estate 18,025 3,104,594 9,583 3,132,202 Consumer: Home equity lines of credit 2,188 327,649 1,299 331,136 Home equity loans 2,406 37,840 447 40,693 Other 243 49,171 42 49,456 Total consumer loans 4,837 414,660 1,788 421,285 Commercial 4,632 282,588 2,427 289,647 Construction: Residential — 114,574 — 114,574 Commercial — 69,728 — 69,728 Total construction — 184,302 — 184,302 Total $ 27,494 $ 3,986,144 $ 13,798 $ 4,027,436 Allowance for Loan Losses – Year Ended December 31, 2017 (in thousands) Beginning Charge-offs Recoveries Provision Ending Mortgage loans on real estate: Residential 1-4 $ 2,748 $ (60 ) $ — $ (371 ) $ 2,317 Commercial 11,517 (186 ) 397 (287 ) 11,441 Total mortgage loans on real estate 14,265 (246 ) 397 (658 ) 13,758 Consumer: Home equity lines of credit 7,044 (98 ) 698 (1,844 ) 5,800 Home equity loans 2,644 (332 ) 242 (713 ) 1,841 Other 622 (1,186 ) 375 775 586 Total consumer loans 10,310 (1,616 ) 1,315 (1,782 ) 8,227 Commercial 5,831 (1,444 ) 428 1,697 6,512 Construction: Residential 1,417 (1,104 ) — 871 1,184 Commercial 680 — 1 (39 ) 642 Total construction 2,097 (1,104 ) 1 832 1,826 Total $ 32,503 $ (4,410 ) $ 2,141 $ 89 $ 30,323 Allowance for Loan Losses – As of December 31, 2017 (in thousands) Individually Loans pooled Loans acquired Total allowance Mortgage loans on real estate: Residential 1-4 $ 230 $ 1,932 $ 155 $ 2,317 Commercial 30 11,351 60 11,441 Total mortgage loans on real estate 260 13,283 215 13,758 Consumer: Home equity lines of credit 427 5,356 17 5,800 Home equity loans 107 1,734 — 1,841 Other 57 529 — 586 Total consumer loans 591 7,619 17 8,227 Commercial 1,848 4,624 40 6,512 Construction: Residential — 1,184 — 1,184 Commercial — 642 — 642 Total construction — 1,826 — 1,826 Total $ 2,699 $ 27,352 $ 272 $ 30,323 Loans, Net of Unearned fees – As of December 31, 2017 (in thousands) Individually Loans pooled Loans acquired Total loans, net Mortgage loans on real estate: Residential 1-4 $ 5,298 $ 378,743 $ 1,385 $ 385,426 Commercial 13,911 1,892,422 8,563 1,914,896 Total mortgage loans on real estate 19,209 2,271,165 9,948 2,300,322 Consumer: Home equity lines of credit 2,688 283,502 2,498 288,688 Home equity loans 1,470 41,076 485 43,031 Other 257 24,853 45 25,155 Total consumer loans 4,415 349,431 3,028 356,874 Commercial 4,470 213,358 2,584 220,412 Construction: Residential 140 67,790 — 67,930 Commercial — 69,627 — 69,627 Total construction 140 137,417 — 137,557 Total $ 28,234 $ 2,971,371 $ 15,560 $ 3,015,165 Allowance for Loan Losses – Three Months Ended September 30, 2017 (in thousands) Beginning Charge- Recoveries Provision Ending Balance Mortgage loans on real estate: Residential 1-4 $ 2,495 $ (60 ) $ — $ (217 ) $ 2,218 Commercial 10,119 (20 ) 238 1,033 11,370 Total mortgage loans on real estate 12,614 (80 ) 238 816 13,588 Consumer: Home equity lines of credit 6,156 (14 ) 189 (610 ) 5,721 Home equity loans 2,354 (94 ) 121 (390 ) 1,991 Other 645 (349 ) 91 203 590 Total consumer loans 9,155 (457 ) 401 (797 ) 8,302 Commercial 4,729 (291 ) 61 303 4,802 Construction: Residential 1,179 (33 ) — 284 1,430 Commercial 466 — — 159 625 Total construction 1,645 (33 ) — 443 2,055 Total $ 28,143 $ (861 ) $ $ 765 $ 28,747 Allowance for Loan Losses – Nine Months Ended September 30, 2017 (in thousands) Beginning Charge-offs Recoveries Provision Ending Balance Mortgage loans on real estate: Residential 1-4 $ 2,748 $ (60 ) $ $ (470 ) $ 2,218 Commercial 11,517 (170 ) 365 (342 ) 11,370 Total mortgage loans on real estate 14,265 (230 ) 365 (812 ) 13,588 Consumer: Home equity lines of credit 7,044 (98 ) 487 (1,712 ) 5,721 Home equity loans 2,644 (331 ) 146 (468 ) 1,991 Other 622 (831 ) 300 499 590 Total consumer loans 10,310 (1,260 ) 933 (1,681 ) 8,302 Commercial 5,831 (1,188 ) 315 (156 ) 4,802 Construction: Residential 1,417 (1,104 ) — 1,117 1,430 Commercial 680 — 1 (56 ) 625 Total construction 2,097 (1,104 ) 1 1,061 2,055 Total $ 32,503 $ (3,782 ) $ 1,614 $ (1,588 ) $ 28,747 Allowance for Loan Losses – As of September 30, 2017 (in thousands) Individually Loans pooled Loans acquired Total allowance Mortgage loans on real estate: Residential 1-4 $ 240 $ 1,978 $ — $ 2,218 Commercial 73 11,022 275 11,370 Total mortgage loans on real estate 313 13,000 275 13,588 Consumer: Home equity lines of credit 363 5,346 12 5,721 Home equity loans 111 1,880 — 1,991 Other 77 513 — 590 Total consumer loans 551 7,739 12 8,302 Commercial 1,276 3,526 — 4,802 Construction: Residential — 1,430 — 1,430 Commercial — 625 — 625 Total construction — 2,055 — 2,055 Total $ 2,140 $ 26,320 $ 287 $ 28,747 Loans, Net of Unearned fees – As of September 30, 2017 (in thousands) Individually Loans pooled Loans acquired Total Loans Mortgage loans on real estate: Residential 1-4 $ 5,027 $ 384,640 $ 1,405 $ 391,072 Commercial 19,788 1,775,843 8,171 1,803,802 Total mortgage loans on real estate 24,815 2,160,483 9,576 2,194,874 Consumer: Home equity lines of credit 2,219 284,335 2,952 289,506 Home equity loans 1,842 42,454 737 45,033 Other 267 26,470 44 26,781 Total consumer loans 4,328 353,259 3,733 361,320 Commercial 2,938 221,846 2,695 227,479 Construction: Residential 144 74,976 — 75,120 Commercial — 72,820 — 72,820 Total construction 144 147,796 — 147,940 Total $ 32,225 $ 2,883,384 $ 16,004 $ 2,931,613 As part of the on-going (iii) non-performing The Company utilizes a risk grading system to assign a risk grade to each of its loans. Loans are graded on a scale ranging from Pass to Loss. A description of the general characteristics of the risk grades is as follows: • Pass • Special Mention • Substandard • Doubtful • Loss The following tables present ending loan balances by loan category and risk grade for the periods indicated: Credit Quality Indicators Originated Loans – As of September 30, 2018 (in thousands) Pass Special Substandard Doubtful / Loss Total Originated Mortgage loans on real estate: Residential 1-4 $ 334,902 $ 1,690 $ 3,923 $ — $ 340,515 Commercial 1,821,995 28,747 12,862 — 1,863,604 Total mortgage loans on real estate 2,156,897 30,437 16,785 — 2,204,119 Consumer: Home equity lines of credit 281,480 1,747 1,729 — 284,956 Home equity loans 32,242 1,006 2,308 — 35,556 Other 25,885 334 75 — 26,294 Total consumer loans 339,607 3,087 4,112 — 346,806 Commercial 220,328 9,942 4,471 — 234,741 Construction: Residential 81,235 32 266 — 81,533 Commercial 62,660 848 — — 63,508 Total construction 143,895 880 266 — 145,041 Total loans $ 2,860,727 $ 44,346 $ 25,634 $ — $ 2,930,707 Credit Quality Indicators PNCI Loans – As of September 30, 2018 (in thousands) Pass Special Substandard Doubtful / Loss Total PNCI Mortgage loans on real estate: Residential 1-4 $ 179,634 $ 880 $ 1,687 $ — $ 182,201 Commercial 729,261 3,478 3,560 — 736,299 Total mortgage loans on real estate 908,895 4,358 5,247 — 918,500 Consumer: Home equity lines of credit 43,406 826 649 — 44,881 Home equity loans 4,471 116 103 — 4,690 Other 23,083 32 5 — 23,120 Total consumer loans 70,960 974 757 — 72,691 Commercial 51,633 734 112 — 52,479 Construction: Residential 33,041 — — — 33,041 Commercial 6,220 — — — 6,220 Total construction 39,261 — — — 39,261 Total loans $ 1,070,749 $ 6,066 $ 6,116 $ — $ 1,082,931 Credit Quality Indicators Originated Loans – As of December 31, 2017 (in thousands) Pass Special Substandard Doubtful / Loss Total Originated Mortgage loans on real estate: Residential 1-4 $ 315,120 $ 2,234 $ 3,168 $ — $ 320,522 Commercial 1,649,333 18,434 22,743 — 1,690,510 Total mortgage loans on real estate 1,964,453 20,668 25,911 — 2,011,032 Consumer: Home equity lines of credit 265,345 2,558 2,039 — 269,942 Home equity loans 37,428 800 1,620 — 39,848 Other 22,432 272 155 — 22,859 Total consumer loans 325,205 3,630 3,814 — 332,649 Commercial 195,208 9,492 4,737 — 209,437 Construction: Residential 67,813 — 107 — 67,920 Commercial 64,492 4,872 — — 69,364 Total construction 132,305 4,872 107 — 137,284 Total loans $ 2,617,171 $ 38,662 $ 34,569 $ — $ 2,690,402 Credit Quality Indicators PNCI Loans – As of December 31, 2017 (in thousands) Pass Special Substandard Doubtful / Loss Total PNCI Mortgage loans on real estate: Residential 1-4 $ 61,411 $ 218 $ 1,890 $ — $ 63,519 Commercial 203,751 11,513 559 — 215,823 Total mortgage loans on real estate 265,162 11,731 2,449 — 279,342 Consumer: Home equity lines of credit 14,866 450 932 — 16,248 Home equity loans 2,433 188 77 — 2,698 Other 2,207 38 6 — 2,251 Total consumer loans 19,506 676 1,015 — 21,197 Commercial 8,390 1 — — 8,391 Construction: Residential 10 — — — 10 Commercial 263 — — — 263 Total construction 273 — — — 273 Total $ 293,331 $ 12,408 $ 3,464 $ — $ 309,203 Consumer loans, whether unsecured or secured by real estate, automobiles, or other personal property, are susceptible to three primary risks; non-payment non-payment Problem consumer loans are generally identified by payment history and current performance of the borrower (delinquency). The Bank manages its consumer loan portfolios by monitoring delinquency and contacting borrowers to encourage repayment, suggest modifications if appropriate, and, when continued scheduled payments become unrealistic, initiate repossession or foreclosure through appropriate channels. Commercial real estate loans generally fall into two categories, owner-occupied and non-owner non-owner Construction loans, whether owner occupied or non-owner Problem commercial loans are generally identified by periodic review of financial information which may include financial statements, tax returns, rent rolls and payment history of the borrower (delinquency). Based on this information the Bank may decide to take any of several courses of action including demand for repayment, additional collateral or guarantors, and, when repayment becomes unlikely through borrower’s income and cash flow, repossession or foreclosure of the underlying collateral. Collateral values may be determined by appraisals obtained through Bank approved, licensed appraisers, qualified independent third parties, public value information (blue book values for autos), sales invoices, or other appropriate means. Appropriate valuations or revaluations are obtained at initiation of the credit and periodically, but not less than every twelve months depending on collateral type, once repayment is questionable and the loan has been classified. Once a loan becomes delinquent and repayment becomes questionable, a Bank collection officer will address collateral shortfalls with the borrower and attempt to obtain additional collateral. If this is not forthcoming and payment in full is unlikely, the Bank will estimate its probable loss, using a recent valuation as appropriate to the underlying collateral less estimated costs of sale, and charge the loan down to the estimated net realizable amount. Depending on the length of time until ultimate collection, the Bank may revalue the underlying collateral and take additional charge-offs as warranted. Revaluations may occur as often as every 3-12 The following table shows the ending balance of current and past due originated loans by loan category as of the date indicated: Analysis of Originated Past Due Loans - As of September 30, 2018 ³ (in thousands) 30-59 days 60-89 days > 90 days Total Past Current Total Mortgage loans on real estate: Residential 1-4 $ 275 $ 749 $ 738 $ 1,762 $ 338,753 $ 340,515 $ — Commercial 499 150 117 766 1,862,838 1,863,604 — Total mortgage loans on real estate 774 899 855 2,528 2,201,591 2,204,119 — Consumer: Home equity lines of credit 1,450 97 112 1,659 283,297 284,956 — Home equity loans 527 293 411 1,231 34,325 35,556 — Other 262 24 — 286 26,008 26,294 — Total consumer loans 2,239 414 523 3,176 343,630 346,806 — Commercial 1,010 134 1,309 2,453 232,288 234,741 — Construction: Residential 488 — — 488 81,045 81,533 — Commercial — — — — 63,508 63,508 — Total construction 488 — — 488 144,553 145,041 — Total originated loans $ 4,511 $ 1,447 $ 2,687 $ 8,645 $ 2,922,062 $ 2,930,707 $ — The following table shows the ending balance of current and past due PNCI loans by loan category as of the date indicated: Analysis of PNCI Past Due Loans - As of September 30, 2018 ³ (in thousands) 30-59 days 60-89 days > 90 days Total Past Current Total Mortgage loans on real estate: Residential 1-4 $ $ 397 $ 163 $ 560 $ 181,641 $ 182,201 $ — Commercial 992 18 949 1,959 734,340 736,299 949 Total mortgage loans on real estate 992 415 1,112 2,519 915,981 918,500 949 Consumer: Home equity lines of credit 613 192 227 1,032 43,849 44,881 99 Home equity loans 262 — 16 278 4,412 4,690 — Other 242 — — 242 22,878 23,120 — Total consumer loans 1,117 192 243 1,552 71,139 72,691 99 Commercial 30 472 — 502 51,977 52,479 — Construction: Residential — — — — 33,041 33,041 — Commercial — — — — 6,220 6,220 — Total construction — — — — 39,261 39,261 — Total PNCI loans $ 2,139 $ 1,079 $ 1,355 $ 4,573 $ 1,078,358 $ 1,082,931 $ 1,048 The following table shows the ending balance of current and past due originated loans by loan category as of the date indicated: Analysis of Originated Past Due Loans - As of December 31, 2017 ³ (in thousands) 30-59 days 60-89 days > 90 days Total Past Current Total Mortgage loans on real estate: Residential 1-4 $ 1,740 $ 510 $ 243 $ 2,493 $ 318,029 $ 320,522 $ — Commercial 158 987 — 1,145 1,689,365 1,690,510 — Total mortgage loans on real estate 1,898 1,497 243 3,638 2,007,394 2,011,032 — Consumer: Home equity lines of credit 528 48 372 948 268,994 269,942 — Home equity loans 511 107 373 991 38,857 39,848 — Other 56 36 3 95 22,764 22,859 — Total consumer loans 1,095 191 748 2,034 330,615 332,649 — Commercial 956 738 1,527 3,221 206,216 209,437 — Construction: Residential 34 — — 34 67,886 67,920 — Commercial — — — — 69,364 69,364 — Total construction 34 — — 34 137,250 137,284 — Total loans $ 3,983 $ 2,426 $ 2,518 $ 8,927 $ 2,681,475 $ 2,690,402 $ — The following table shows the ending balance of current and past due PNCI loans by loan category as of the date indicated: Analysis of PNCI Past Due Loans - As of December 31, 2017 > 90 Days (in thousands) 30-59 days 60-89 days > 90 days Total Past Current Total Mortgage loans on real estate: Residential 1-4 family $ 1,495 $ 90 $ 109 $ 1,694 $ 61,825 $ 63,519 $ 81 Commercial 70 — — 70 215,753 215,823 — Total mortgage loans on real estate 1,565 90 109 1,764 277,578 279,342 81 Consumer: Home equity lines of credit 298 228 330 856 15,392 16,248 200 Home equity loans 30 — — 30 2,668 2,698 — Other 6 26 — 32 2,219 2,251 — Total consumer loans 334 254 330 918 20,279 21,197 200 Commercial — — — — 8,391 8,391 — Construction: Residential — — — — 10 10 — Commercial — — — — 263 263 — Total construction — — — — 273 273 — Total loans $ 1,899 $ 344 $ 439 $ 2,682 $ 306,521 $ 309,203 $ 281 Interest income on originated nonaccrual loans that would have been recognized during the three months ended September 30, 2018 and 2017, if all such loans had been current in accordance with their original terms, totaled $338,000 and $244,000, respectively. Interest income actually recognized on these originated loans during the three months ended September 30, 2018 and 2017 was $59,000 and $33,000, respectively. Interest income on PNCI nonaccrual loans that would have been recognized during the three months ended September 30, 2018 and 2017, if all such loans had been current in accordance with their original terms, totaled $39,000 and $90,000, respectively. Interest income actually recognized on these PNCI loans during the three months ended September 30, 2018 and 2017 was $12,000 and $2,000. Interest income on originated nonaccrual loans that would have been recognized during the nine months ended September 30, 2018 and 2017, if all such loans had been current in accordance with their original terms, totaled $964,000 and $617,000, respectively. Interest income actually recognized on these originated loans during the nine months ended September 30, 2018 and 2017 was $133,000 and $49,000, respectively. Interest income on PNCI nonaccrual loans that would have been recognized during the nine months ended September 30, 2018 and 2017, if all such loans had been current in accordance with their original terms, totaled $93,000 and $188,000. Interest income actually recognized on these PNCI loans during the nine months ended September 30, 2018 and 2017 was $23,000 and $14,000. The following table shows the ending balance of nonaccrual originated and PNCI loans by loan category as of the date indicated: Non Accrual Loans As of September 30, 2018 As of December 31, 2017 (in thousands) Originated PNCI Total Originated PNCI Total Mortgage loans on real estate: Residential 1-4 family $ 2,813 $ 1,219 $ 4,032 $ 1,725 $ 1,012 $ 2,737 Commercial 7,876 305 8,181 8,144 — 8,144 Total mortgage loans on real estate 10,689 1,524 12,213 9,869 1,012 10,881 Consumer: Home equity lines of credit 725 568 1,293 811 402 1,213 Home equity loans 1,933 50 1,983 1,106 44 1,150 Other 3 5 8 7 5 12 Total consumer loans 2,661 623 3,284 1,924 451 2,375 Commercial 3,737 — 3,737 3,669 — 3,669 Construction: Residential — — — — — — Commercial — — — — — — Total construction — — — — — — Total non accrual loans $ 17,087 $ 2,147 $ 19,234 $ 15,462 $ 1,463 $ 16,925 Impaired originated loans are those where management has concluded that it is probable that the borrower will be unable to pay all amounts due in accordance with the original contractual terms of the loan agreement. The following tables show the recorded investment (financial statement balance), unpaid principal balance, average recorded investment, and interest income recognized for impaired Originated and PNCI loans, segregated by those with no related allowance recorded and those with an allowance recorded for the periods indicated. The average recorded investment and interest income recognized for the three month periods ended September 30, 2018 and 2017 has not been separately presented as the amounts are not considered significant for disclosure. Impaired Originated Loans – As of, or for the Nine Months Ended, September 30, 2018 (in thousands) Unpaid Recorded Recorded Total recorded Related Average Interest income Mortgage loans on real estate: Residential 1-4 $ 4,185 $ 3,251 $ 311 $ 3,562 $ 57 $ 3,883 $ 67 Commercial 12,553 9,619 2,370 11,989 268 11,549 208 Total mortgage loans on real estate 16,738 12,870 2,681 15,551 325 15,432 275 Consumer: Home equity lines of credit 1,444 1,346 59 1,405 19 1,410 32 Home equity loans 2,554 1,960 157 2,117 30 1,753 24 Other 3 — 3 3 3 3 — Total consumer loans 4,001 3,306 219 3,525 52 3,166 56 Commercial 4,868 2,135 2,497 4,632 1,857 4,626 78 Construction: Residential — — — — — 68 — Commercial — — — — — — — Total construction — — — — — 68 — Total $ 25,607 $ 18,311 $ 5,397 $ 23,708 $ 2,234 $ 23,292 $ 409 Impaired PNCI Loans – As of, or for the Nine Months Ended, September 30, 2018 (in thousands) Unpaid Recorded Recorded Total recorded Related Average Interest income Mortgage loans on real estate: Residential 1-4 $ 1,302 $ 1,219 $ — $ 1,219 $ — $ 1,275 $ — Commercial 1,255 1,255 — 1,255 — 627 58 Total mortgage loans on real estate 2,557 2,474 — 2,474 — 1,902 58 Consumer: Home equity lines of credit 852 625 158 783 149 909 13 Home equity loans 296 50 239 289 145 287 9 Other 240 — 240 240 100 257 7 Total consumer loans 1,388 675 637 1,312 394 1,453 29 Commercial — — — — — — — Construction: Residential — — — — — — — Commercial — — — — — — — Total construction — — — — — — — Total $ 3,945 $ 3,149 $ 637 $ 3,786 $ 394 $ 3,355 $ 87 Impaired Originated Loans – As of, or for the Twelve Months Ended, December 31, 2017 (in thousands) Unpaid Recorded Recorded Total recorded Related Average Interest income Mortgage loans on real estate: Residential 1-4 $ 4,023 $ 2,058 $ 1,881 $ 3,939 $ 230 $ 3,501 $ 143 Commercial 14,186 13,101 810 13,911 30 13,851 645 Total mortgage loans on real estate 18,209 15,159 2,691 17,850 260 17,352 788 Consumer: Home equity lines of credit 1,581 1,093 401 1,494 111 1,702 47 Home equity loans 1,627 1,107 198 1,305 10 1,193 24 Other 52 4 3 7 3 20 — Total consumer loans 3,260 2,204 602 2,806 124 2,915 71 Commercial 4,566 575 3,895 4,470 1,848 4,283 184 Construction: Residential 140 140 — 140 — 76 9 Commercial — — — — — — — Total construction 140 140 — 140 — 76 9 Total $ 26,175 $ 18,078 $ 7,188 $ 25,266 $ 2,232 $ 24,626 $ 1,052 Impaired PNCI Loans – As of, or for the Twelve Months Ended, December 31, 2017 (in thousands) Unpaid Recorded Recorded Total recorded Related Average Interest income Mortgage loans on real estate: Residential 1-4 $ 1,404 $ 1,359 $ — $ 1,359 $ — $ 1,041 $ 24 Commercial — — — — — 979 — Total mortgage loans on real estate 1,404 1,359 — 1,359 — 2,020 24 Consumer: Home equity lines of credit 1,216 591 603 1,194 316 1,240 48 Home equity loans 178 44 121 165 97 117 6 Other 250 — 250 250 54 186 11 Total consumer loans 1,644 635 974 1,609 467 1,543 65 Commercial — — — — — — — Construction: Residential — — — — — — — Commercial — — — — — — — Total construction — — — — — — — Total $ 3,048 $ 1,994 $ 974 $ 2,968 $ 467 $ 3,563 $ 89 Impaired Originated Loans – As of, or for the Nine Months Ended, September 30, 2017 (in thousands) Unpaid Recorded Recorded Total recorded Related Average Interest income Mortgage loans on real estate: Residential 1-4 $ 3,489 $ 1,777 $ 1,644 $ 3,421 $ 167 $ 3,242 $ 90 Commercial 18,643 17,039 1,150 18,189 73 15,990 514 Total mortgage loans on real estate 22,132 18,816 2,794 21,610 240 19,232 604 Consumer: Home equity lines of credit 1,324 1,108 110 1,218 33 1,564 25 Home equity loans 2,091 1,470 199 1,669 13 1,376 32 Other 59 3 11 14 7 23 (25 ) Total consumer loans 3,474 2,581 320 2,901 53 2,963 32 Commercial 3,262 884 2,048 2,932 1,270 3,514 69 Construction: Residential 144 144 — 144 — 78 7 Commercial — — — — — — — Total construction 144 144 — 144 — 78 7 Total $ 29,012 $ 22,425 $ 5,162 $ 27,587 $ 1,563 $ 25,787 $ 712 Impaired PNCI Loans – As of, or for the Nine Months Ended, September 30, 2017 (in thousands) Unpaid Recorded Recorded Total recorded Related Average Interest income Mortgage loans on real estate: Residential 1-4 $ 1,634 $ 1,356 $ 250 $ 1,606 $ 73 $ 1,165 $ 24 Commercial 1,869 1,599 — 1,599 — 1,778 — Total mortgage loans on real estate 3,503 2,955 250 3,205 73 2,943 24 Consumer: Home equity lines of credit 1,020 394 607 1,001 328 1,143 28 Home equity loans 185 50 123 173 99 121 5 Other 253 — 253 253 71 187 8 Total consumer loans 1,458 444 983 1,427 498 1,451 41 Commercial 6 — — — 6 3 — Construction: Residential — — — — — — — Commercial — — — — — — — Total construction — — — — — — — Total $ 4,967 $ 3,399 $ 1,233 $ 4,632 $ 577 $ 4,397 $ 65 At September 30, 2018, $8,845,000 of originated loans were Troubled Debt Restructurings (TDRs) and classified as impaired. The Company had no obligations to lend additional funds on these TDRs as of September 30, 2018. At September 30, 2018, $840,000 of PNCI loans were TDRs and classified as impaired. The Company had no obligations to lend additional funds on these TDRs as of September 30, 2018. At December 31, 2017, $12,517,000 of originated loans were TDRs and classified as impaired. The Company had obligations to lend $1,000 of additional funds on these TDRs as of December 31, 2017. At December 31, 2017, $1,352,000 of PNCI loans were TDRs and classified as impaired. The Company had no obligations to lend additional funds on these TDRs as of December 31, 2017. At September 30, 2017, $13,352,000 of originated loans were TDRs and classified as impaired. The Company had obligations to lend $209,000 of additional funds on these TDRs as of September 30, 2017. At September 30, 2017, $1,611,000 of PNCI loans were TDRs and classified as impaired. The Company had obligations to lend $3,000 of additional funds on these TDRs as of September 30, 2017. The following tables show certain information regarding TDRs that occurred during the periods indicated: TDR Information for the Three Months Ended September 30, 2018 (dollars in thousands) Number Pre-mod Post-mod Financial Number that Recorded Financial Mortgage loans on real estate: Residential 1-4 — $ — $ — $ — — $ — $ — Commercial 4 1,326 1,324 (308 ) — — — Total mortgage loans on real estate 4 1,326 1,324 (308 ) — — — Consumer: Home equity lines of credit — — — — 1 128 — Home equity loans 1 478 478 — — — — Other — — — — — — — Total consumer loans 1 478 478 — 1 128 — Commercial 2 203 203 — — — — Construction: Residential — — — — — — — Commercial — — — — — — — Total construction — — — — — — — Total 7 $ 2,007 $ 2,005 $ (308 ) 1 $ 128 $ — TDR Information for the Nine Months Ended September 30, 2018 (dollars in thousands) Number Pre-mod Post-mod Financial Number that Recorded Financial Mortgage loans on real estate: Residential 1-4 — $ — $ — $ — — $ — $ — Commercial 6 1,743 1,741 (262 ) 1 169 — Total mortgage loans on real estate 6 1,743 1,741 (262 ) 1 169 — Consumer: Home equity lines of credit 1 133 138 — 1 128 — Home equity loans 2 599 599 — — — — Other — — — — — — — Total consumer loans 3 732 737 — 1 128 — Commercial 4 619 623 (3 ) 4 340 (2 ) Construction: Residential — — — — — — — Commercial — — — — — — — Total construction — — — — — — — Total 13 $ 3,094 $ 3,101 $ (265 ) 6 $ 637 $ (2 ) The following tables show certain information regarding TDRs that occurred during the periods indicated: TDR Information for the Three Months Ended September 30, 2017 (dollars in thousands) Number Pre-mod Post-mod Financial Number that Recorded Financial Mortgage loans on real estate: Residential 1-4 1 $ 939 $ 939 $ 169 1 $ 99 $ — Commercial 4 2,886 2,886 14 1 219 — Total mortgage loans on real estate 5 3,825 3,825 183 2 318 — Consumer: Home equity lines of credit — — — — — — — Home equity loans 1 252 252 — — — — Other — — — — — — — Total consumer loans 1 252 252 — — — — Commercial 8 1,109 1,109 28 — Construction: Residential 1 144 144 — — — — Commercial — — — — — — — Total construction 1 144 144 — — — — Total 15 $ 5,330 $ 5,330 $ 211 2 $ 318 $ — TDR Information for the Nine Months Ended September 30, 2017 (dollars in thousands) Number Pre-mod Post-mod Financial Number that Recorded Financial Mortgage loans on real estate: Residential 1-4 1 $ 939 $ 939 $ 169 2 $ 223 $ — Commercial 7 3,509 3,482 (111 ) 1 219 — Total mortgage loans on real estate 8 4,448 4,421 58 3 442 — Consumer: Home equity lines of credit 3 187 187 27 — — — Home equity loans 1 252 252 — — — — Other 1 14 14 11 — — — Total consumer loans 5 453 453 38 — — — Commercial 11 1,854 1,748 37 — Construction: Residential 1 144 144 — — — — Commercial — — — — — — — Total construction 1 144 144 — — — — Total 25 $ 6,899 $ 6,766 $ 133 3 $ 442 $ — Modifications classified as TDRs can include one or a combination of the following: rate modifications, term extensions, interest only modifications, either temporary or long-term, payment modifications, and collateral substitutions/additions. For all new TDRs, an impairment analysis is conducted. If the loan is determined to be collateral dependent, any additional amount of impairment will be calculated based on the difference between estimated collectible value and the current carrying balance of the loan. This difference could result in an increased provision and is typically charged off. If the asset is determined not to be collateral dependent, the impairment is measured on the net present value difference between the expected cash flows of the restructured loan and the cash flows which would have been received under the original terms. The effect of this could result in a requirement for additional provision to the reserve. The effect of these required provisions for the period are indicated above. Typically if a TDR defaults during the period, the loan is then considered collateral dependent and, if it was not already considered collateral dependent, an appropriate provision will be reserved or charge will be taken. The additional provisions required resulting from default of previously modified TDR’s are noted above. |
Foreclosed Assets
Foreclosed Assets | 9 Months Ended |
Sep. 30, 2018 | |
Text Block [Abstract] | |
Foreclosed Assets | Note 6 – Foreclosed Assets A summary of the activity in the balance of foreclosed assets follows (in thousands): Nine months ended September 30, 2018 2017 Beginning balance, net $ 3,226 $ 3,986 Additions/transfers from loans 536 726 Dispositions/sales (1,841 ) (1,479 ) Valuation adjustments (89 ) (162 ) Ending balance, net $ 1,832 $ 3,071 Ending valuation allowance $ (143 ) $ (248 ) Ending number of foreclosed assets 11 11 Proceeds from sale of foreclosed assets $ 2,206 $ 1,787 Gain on sale of foreclosed assets $ 390 $ 308 As of September 30, 2018, $1,269,000 of foreclosed residential real estate properties, all of which the Company has obtained physical possession of, are included in foreclosed assets. At September 30, 2018, the recorded investment of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are underway is $477,000. |
Premises and Equipment
Premises and Equipment | 9 Months Ended |
Sep. 30, 2018 | |
Property, Plant and Equipment [Abstract] | |
Premises and Equipment | Note 7 - Premises and Equipment Premises and equipment were comprised of: September 30, December 31, 2018 2017 (In thousands) Land & land improvements $ 28,958 $ 9,959 Buildings 64,178 50,340 Furniture and equipment 44,271 35,939 137,407 96,238 Less: Accumulated depreciation (49,073 ) (40,644 ) 88,334 55,594 Construction in progress 956 2,148 Total premises and equipment $ 89,290 $ 57,742 Depreciation expense for premises and equipment amounted to $1,685,000 and $1,520,000 for the three months ended September 30, 2018 and 2017, respectively, and $4,442,000 and $4,224,000 for the nine months ended September 30, 2018 and 2017, respectively. |
Goodwill and Other Intangible A
Goodwill and Other Intangible Assets | 9 Months Ended |
Sep. 30, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Other Intangible Assets | Note 8 - Goodwill and Other Intangible Assets The following table summarizes the Company’s goodwill intangible as of the dates indicated: September 30, December 31, (in thousands) 2018 Additions Reductions 2017 Goodwill $ 220,972 156,661 — $ 64,311 The following table summarizes the Company’s core deposit intangibles (CDI) as of the dates indicated: September 30, Reductions/ December 31, (in thousands) 2018 Additions Amortization 2017 Core deposit intangibles $ 37,163 27,605 — $ 9,558 Accumulated amortization (6,452 ) — $ (2,068 ) (4,384 ) Core deposit intangibles, net $ 30,711 27,605 $ (2,068 ) $ 5,174 The Company recorded additions to its CDI of $27,605,000 in conjunction with the acquisition of FNB Bancorp as of July 6, 2018. The following table summarizes the Company’s remaining estimated core deposit intangible amortization at September 30, 2018 (in thousands): Estimated Core Deposit Years Ended Intangible Amortization 2018 $ 1,431 2019 5,723 2020 5,723 2021 5,465 2022 4,776 Thereafter 7,593 |
Other Assets
Other Assets | 9 Months Ended |
Sep. 30, 2018 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Other Assets | Note 9 – Other Assets Other assets were comprised of (in thousands): September 30, December 31, Deferred tax asset, net $ 31,963 $ 21,697 Investment in low income housing tax credit funds 23,572 16,854 Prepaid expense 3,420 4,111 Tax refund receivable 2,836 4,754 Capital trusts 1,712 1,706 Software 762 1,126 Life insurance proceeds receivable — 2,242 Miscellaneous other assets 6,332 2,561 Total other assets $ 70,597 $ 55,051 |
Deposits
Deposits | 9 Months Ended |
Sep. 30, 2018 | |
Banking and Thrift [Abstract] | |
Deposits | Note 10 - Deposits A summary of the balances of deposits follows (in thousands): September 30, December 31, Noninterest-bearing demand $ 1,710,505 $ 1,368,218 Interest-bearing demand 1,152,705 971,459 Savings 1,801,087 1,364,518 Time certificates, over $250,000 140,805 73,596 Other time certificates 288,015 231,340 Total deposits $ 5,093,117 $ 4,009,131 Certificate of deposit balances of $69,000,000 and $50,000,000 from the State of California were included in time certificates, over $250,000, at September 30, 2018 and December 31, 2017, respectively. The Bank participates in a deposit program offered by the State of California whereby the State may make deposits at the Bank’s request subject to collateral and credit worthiness constraints. The negotiated rates on these State deposits are generally more favorable than other wholesale funding sources available to the Bank. Overdrawn deposit balances of $1,375,000 and $1,366,000 were classified as consumer loans at September 30, 2018 and December 31, 2017, respectively. |
Other Liabilities
Other Liabilities | 9 Months Ended |
Sep. 30, 2018 | |
Other Liabilities Disclosure [Abstract] | |
Other Liabilities | Note 11 – Other Liabilities Other liabilities were comprised of (in thousands): September 30, December 31, Pension liability $ 37,789 $ 28,472 Low income housing tax credit fund commitments 9,146 8,554 Deferred compensation 9,450 6,605 Accrued salaries and benefits expense 8,990 6,619 Joint beneficiary agreements 3,558 3,365 Loan escrow and servicing payable 2,821 1,958 Deferred revenue 1,978 1,228 Litigation contingency — 1,450 Miscellaneous other liabilities 8,345 8,171 Total other liabilities $ 82,077 $ 66,422 |
Commitments and Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Note 12 - Commitments and Contingencies At September 30, 2018, future minimum commitments under non-cancelable Operating Leases (in thousands) 2018 $ 1,179 2019 4,478 2020 3,774 2021 3,372 2022 2,549 Thereafter 4,097 Future minimum lease payments $ 19,449 The following table presents a summary of the Bank’s commitments and contingent liabilities: (in thousands) September 30, December 31, Financial instruments whose amounts represent risk: Commitments to extend credit: Commercial loans $ 310,844 $ 257,220 Consumer loans 481,837 422,958 Real estate mortgage loans 149,003 66,267 Real estate construction loans 283,858 187,097 Standby letters of credit 11,277 13,075 Deposit account overdraft privilege 107,956 98,260 |
Shareholders' Equity
Shareholders' Equity | 9 Months Ended |
Sep. 30, 2018 | |
Federal Home Loan Banks [Abstract] | |
Shareholders' Equity | Note 13 – Shareholders’ Equity Dividends Paid The Bank paid to the Company cash dividends in the aggregate amounts of $13,507,000 and $5,185,000 during the three months ended September 30, 2018 and 2017, respectively, and $22,649,000 and $14,394,000 during the nine months ended September 30, 2018 and 2017, respectively. The Bank is regulated by the Federal Deposit Insurance Corporation (FDIC) and the State of California Department of Business Oversight (DBO). Absent approval from the Commissioner of the DBO, California banking laws generally limit the Bank’s ability to pay dividends to the lesser of (1) retained earnings or (2) net income for the last three fiscal years, less cash distributions paid during such period. Under this law, at December 31, 2017, the Bank could have paid dividends of $85,254,000 to the Company without the approval of the Commissioner of the DBO. Stock Repurchase Plan On August 21, 2007, the Board of Directors adopted a plan to repurchase, as conditions warrant, up to 500,000 shares of the Company’s common stock on the open market. The timing of purchases and the exact number of shares to be purchased will depend on market conditions. The 500,000 shares authorized for repurchase under this stock repurchase plan represented approximately 3.2% of the Company’s 15,814,662 outstanding common shares as of August 21, 2007. This stock repurchase plan has no expiration date. As of September 30, 2018, the Company had repurchased 166,600 shares under this plan. Stock Repurchased Under Equity Compensation Plans During the three months ended September 30, 2018 and 2017, employees tendered 11,630 and 21,738 shares, respectively, of the Company’s common stock with market value of $453,000, and $762,000, respectively, in lieu of cash to exercise options to purchase shares of the Company’s stock and to pay income taxes related to equity compensation plan instruments as permitted by the Company’s shareholder-approved equity compensation plans. The tendered shares were retired. The market value of tendered shares is the last market trade price at closing on the day an option is exercised. Stock repurchased under equity incentive plans are not included in the total of stock repurchased under the stock repurchase plan announced on August 21, 2007. During the nine months ended September 30, 2018 and 2017 employees tendered 28,850 and 107,390 shares, respectively, of the Company’s common stock with market value of $1,124,000 and $3,854,000, respectively, in lieu of cash to exercise options to purchase shares of the Company’s stock and to satisfy tax withholding requirements related to such exercises and the release of restricted stock units (RSUs) as permitted by the Company’s shareholder-approved equity compensation plans. The tendered shares were retired. The market value of tendered shares is the last market trade price at closing on the day an option is exercised. Stock repurchased under equity incentive plans are not included in the total of stock repurchased under the stock repurchase plan announced on August 21, 2007. |
Stock Options and Other Equity-
Stock Options and Other Equity-Based Incentive Instruments | 9 Months Ended |
Sep. 30, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Stock Options and Other Equity-Based Incentive Instruments | Note 14 - Stock Options and Other Equity-Based Incentive Instruments Stock option activity during the nine months ended September 30, 2018 is summarized in the following table: Number Option Price Weighted Outstanding at December 31, 2017 446,400 $ 12.63 to $23.21 $ 16.84 Options granted — — to — — Options exercised (27,400 ) $ 15.34 to $23.21 $ 17.33 Options forfeited (3,000 ) $ 23.21 to $23.21 $ 23.21 Outstanding at September 30, 2018 416,000 $ 12.63 to $23.21 $ 16.77 The following table shows the number, weighted-average exercise price, intrinsic value, and weighted average remaining contractual life of options exercisable, options not yet exercisable and total options outstanding as of September 30, 2018: Currently Currently Not Total Number of options 413,000 3,000 416,000 Weighted average exercise price $ 16.72 $ 23.21 $ 16.77 Intrinsic value (in thousands) $ 9,045 $ 46 $ 9,091 Weighted average remaining contractual term (yrs.) 3.2 6.0 3.2 The 3,000 options that are currently not exercisable as of September 30, 2018 are expected to vest, on a weighted-average basis, over the next year. The Company did not modify any option grants during 2017 or the nine months ended September 30, 2018. Restricted stock unit (RSU) activity is summarized in the following table for the dates indicated: Service Condition Vesting RSUs Market Plus Service Number Weighted Number Weighted Outstanding at December 31, 2017 68,457 52,829 RSUs granted 38,605 $ 39.08 16,939 $ 36.40 Additional market plus service condition RSUs vested — 8,506 RSUs added through dividend credits 806 — RSUs released through vesting (32,516 ) (25,512 ) RSUs forfeited/expired (4,744 ) (5,478 ) Outstanding at September 30, 2018 70,608 47,284 The 70,608 of service condition vesting RSUs outstanding as of September 30, 2018 include a feature whereby each RSU outstanding is credited with a dividend amount equal to any common stock cash dividend declared and paid, and the credited amount is divided by the closing price of the Company’s stock on the dividend payable date to arrive at an additional amount of RSUs outstanding under the original grant. The 70,608 of service condition vesting RSUs outstanding as of September 30, 2018 are expected to vest, and be released, on a weighted-average basis, over the next 1.6 years. The Company expects to recognize $2,063,000 of pre-tax The 47,284 of market plus service condition vesting RSUs outstanding as of September 30, 2018 are expected to vest, and be released, on a weighted-average basis, over the next 1.7 years. The Company expects to recognize $902,000 of pre-tax |
Noninterest Income and Expense
Noninterest Income and Expense | 9 Months Ended |
Sep. 30, 2018 | |
Other Income and Expenses [Abstract] | |
Noninterest Income and Expense | Note 15 - Noninterest Income and Expense The following table summarizes the Company’s noninterest income for the periods indicated (in thousands): Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 ATM and interchange fees $ 4,590 $ 4,209 $ 13,335 $ 12,472 Service charges on deposit accounts 4,015 4,160 11,407 12,102 Other service fees 676 917 2,020 2,521 Mortgage banking service fees 499 514 1,527 1,561 Change in value of mortgage servicing rights (37 ) (325 ) 38 (795 ) Total service charges and fees 9,743 9,475 28,327 27,861 Commissions on sale of non-deposit 728 672 2,414 1,984 Increase in cash value of life insurance 732 732 1,996 2,043 Gain on sale of loans 539 606 1,831 2,293 Lease brokerage income 186 234 514 601 Gain on sale of foreclosed assets 2 37 390 308 Sale of customer checks 88 89 327 287 Gain on sale of investment securities 207 961 207 961 Loss on disposal of fixed assets (152 ) (33 ) (206 ) (61 ) Loss on marketable equity securities (22 ) — (92 ) — Other 135 157 942 1,266 Total other noninterest income 2,443 3,455 8,323 9,682 Total noninterest income $ 12,186 $ 12,930 $ 36,650 $ 37,543 The components of noninterest expense were as follows (in thousands): Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Base salaries, net of deferred loan origination costs $ 17,051 $ 13,600 $ 45,442 $ 40,647 Incentive compensation 3,223 2,609 7,834 6,980 Benefits and other compensation costs 5,549 4,724 15,652 14,693 Total salaries and benefits expense 25,823 20,933 68,928 62,320 Occupancy 3,173 2,799 8,574 8,196 Data processing and software 2,786 2,495 7,979 7,332 Merger and acquisition expense 4,150 — 5,227 — Equipment 1,750 1,816 4,938 5,344 ATM and POS network charges 1,195 1,425 3,858 3,353 Advertising 1,341 1,039 3,214 3,173 Professional fees 929 901 2,475 2,357 Telecommunications 819 716 2,201 2,027 Regulatory assessments and insurance 537 427 1,384 1,252 Intangible amortization 1,390 339 2,068 1,050 Postage 275 325 934 1,058 Courier service 278 235 769 752 Operational losses 217 301 763 1,166 Foreclosed assets expense 93 41 297 117 Provision for (reversal of) foreclosed asset losses (1 ) 134 89 162 Other miscellaneous expense 2,623 3,296 9,712 9,289 Total other noninterest expense 21,555 16,289 54,482 46,628 Total noninterest expense $ 47,378 $ 37,222 $ 123,410 $ 108,948 |
Earnings Per Share
Earnings Per Share | 9 Months Ended |
Sep. 30, 2018 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Note 16 – Earnings Per Share Basic earnings per share represent income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustments to income that would result from assumed issuance. Potential common shares that may be issued by the Company relate solely from outstanding stock options, and are determined using the treasury stock method. Earnings per share have been computed based on the following: Three months ended September 30, Nine months ended September 30, (in thousands) 2018 2017 2018 2017 Net income $ 16,170 $ 11,897 $ 45,109 $ 37,565 Average number of common shares outstanding 30,011 22,932 25,317 22,901 Effect of dilutive stock options and restricted stock 280 312 300 338 Average number of common shares outstanding used to calculate diluted earnings per share 30,291 23,244 25,617 23,239 Options excluded from diluted earnings per share because the effect of these options was antidilutive 10,000 — 10,000 — |
Comprehensive Income
Comprehensive Income | 9 Months Ended |
Sep. 30, 2018 | |
Equity [Abstract] | |
Comprehensive Income | Note 17 – Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale The components of accumulated other comprehensive loss, included in shareholders’ equity, are as follows: September 30, December 31, (in thousands) 2018 2017 Net unrealized loss on available for sale securities $ (33,051 ) (3,409 ) Tax effect 9,771 1,433 Unrealized holding loss on available for sale securities, net of tax (23,280 ) (1,976 ) Unfunded status of the supplemental retirement plans (5,010 ) (5,352 ) Tax effect 1,481 2,250 Unfunded status of the supplemental retirement plans, net of tax (3,529 ) (3,102 ) Joint beneficiary agreement liability (150 ) (150 ) Tax effect — — Joint beneficiary agreement liability, net of tax (150 ) (150 ) Accumulated other comprehensive loss $ (26,959 ) $ (5,228 ) The components of other comprehensive income (loss) and related tax effects are as follows: Three months ended September 30, Nine months ended September 30, (in thousands) 2018 2017 2018 2017 Unrealized holding gains (losses) on available for sale securities before reclassifications $ (8,193 ) $ 674 $ (29,134 ) $ 6,372 Amounts reclassified out of accumulated other comprehensive income: Realized gains on debt securities (207 ) (961 ) (207 ) (961 ) Adoption ASU 2016-01 — — 62 — Adoption ASU 2018-02 — — (425 ) — Total amounts reclassified out of accumulated other comprehensive income (207 ) (961 ) (570 ) (961 ) Unrealized holding gains (losses) on available for sale securities after reclassifications (8,400 ) (287 ) (29,704 ) 5,411 Tax effect 2,483 121 8,763 (2,274 ) Unrealized holding gains (losses) on available for sale securities, net of tax (5,917 ) (166 ) (20,941 ) 3,137 Change in unfunded status of the supplemental retirement — — 668 — Amounts reclassified out of accumulated other comprehensive income: Amortization of prior service cost (13 ) (1 ) (40 ) (5 ) Amortization of actuarial losses 128 96 382 288 Adoption ASU 2018-02 — — (668 ) — Total amounts reclassified out of accumulated other comprehensive income 115 95 (326 ) 283 Change in unfunded status of the supplemental retirement plans after reclassifications 115 95 342 283 Tax effect (34 ) (40 ) (101 ) (119 ) Change in unfunded status of the supplemental retirement plans, net of tax 81 55 241 164 Total other comprehensive income (loss) $ (5,836 ) $ (111 ) $ (20,700 ) $ 3,301 |
Fair Value Measurement
Fair Value Measurement | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurement | Note 18 - Fair Value Measurement The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In estimating fair value, the Company utilizes valuation techniques that are consistent with the market approach, income approach, and/or the cost approach. Inputs to valuation techniques include the assumptions that market participants would use in pricing an 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. Securities available-for-sale The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the observable nature of the assumptions used to determine fair value. These levels are: Level 1 - Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2 - Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 - Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques. Marketable equity securities and debt securities available for sale over-the-counter Loans held for sale Impaired originated and PNCI loans Foreclosed assets Mortgage servicing rights The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis (in thousands): Total Level 1 Level 2 Level 3 Fair value at September 30, 2018 Marketable equity securities $ 2,846 $ 2,846 $ — $ — Debt securities available for sale: Obligations of U.S. government agencies 638,876 — 638,876 — Obligations of states and political subdivisions 123,420 — 123,420 — Corporate bonds 4,431 — 4,431 — Asset backed securities 289,233 — 289,233 — Loans held for sale 3,824 — 3,824 — Mortgage servicing rights 7,122 — — 7,122 Total assets measured at fair value $ 1,069,752 $ 2,846 $ 1,059,784 $ 7,122 Total Level 1 Level 2 Level 3 Fair value at December 31, 2017 Marketable equity securities $ 2,938 $ 2,938 $ — $ — Debt securities available for sale: Obligations of U.S. government agencies 604,789 — 604,789 — Obligations of states and political subdivisions 123,156 — 123,156 — Loans held for sale 4,616 — 4,616 — Mortgage servicing rights 6,687 — — 6,687 Total assets measured at fair value $ 742,186 $ 2,938 $ 732,561 $ 6,687 Transfers between levels of the fair value hierarchy are recognized on the actual date of the event or circumstances that caused the transfer, which generally corresponds with the Company’s quarterly valuation process. There were no transfers between any levels during the nine months ended September 30, 2018 or the year ended December 31, 2017. The following table provides a reconciliation of assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the time periods indicated. Had there been any transfer into or out of Level 3 during the time periods indicated, the amount included in the “Transfers into (out of) Level 3” column would represent the beginning balance of an item in the period (interim quarter) during which it was transferred (in thousands): Beginning Transfers Change Issuances Ending Three months ended September 30, 2018: Mortgage servicing rights $ 7,021 — $ (37 ) $ 138 $ 7,122 2017: Mortgage servicing rights $ 6,596 — $ (325 ) $ 148 $ 6,419 Beginning Transfers Change Issuances Ending Nine months ended September 30, 2018: Mortgage servicing rights $ 6,687 — $ 38 $ 397 $ 7,122 2017: Mortgage servicing rights $ 6,595 — $ (795 ) $ 619 $ 6,419 The key unobservable inputs used in determining the fair value of mortgage servicing rights are mortgage prepayment speeds and the discount rate used to discount cash projected cash flows. Generally, any significant increases in the mortgage prepayment speed and discount rate utilized in the fair value measurement of the mortgage servicing rights will result in a negative fair value adjustments (and decrease in the fair value measurement). Conversely, a decrease in the mortgage prepayment speed and discount rate will result in a positive fair value adjustment (and increase in the fair value measurement). The following table presents quantitative information about recurring Level 3 fair value measurements at September 30, 2018: Fair Value Valuation Unobservable Range, (in thousands) Technique Inputs Average Mortgage Servicing Rights $ 7,122 Discounted Constant 4.8%-33%, 7.3% Discount rate 12%, 12% The following table presents quantitative information about recurring Level 3 fair value measurements at December 31, 2017: Fair Value Valuation Unobservable Range, (in thousands) Technique Inputs Average Mortgage Servicing Rights $ 6,687 Discounted Constant 6.2%-22.0%, 8.9% Discount rate 13.0%-15.0%, 13.0% The tables below present the recorded investment in assets and liabilities measured at fair value on a nonrecurring basis, as of the dates indicated (in thousands): Total Level 1 Level 2 Level 3 Total Gains Nine months ended September 30, 2018 Fair value: Impaired Originated & PNCI loans $ 445 — — $ 445 $ (808 ) Foreclosed assets 863 — — 863 (23 ) Total assets measured at fair value $ 1,308 — — $ 1,308 $ (831 ) Total Level 1 Level 2 Level 3 Total Gains Year ended December 31, 2017 Fair value: Impaired Originated & PNCI loans $ 2,767 — — $ 2,767 $ (1,452 ) Foreclosed assets 2,217 — — 2,217 (135 ) Total assets measured at fair value $ 4,984 — — $ 4,984 $ (1,587 ) Total Level 1 Level 2 Level 3 Total Gains Nine months ended September 30, 2017 Fair value: Impaired Originated & PNCI loans $ 1,026 — — $ 1,026 $ (892 ) Foreclosed assets 2,062 — — 2,062 (157 ) Total assets measured at fair value $ 3,088 — — $ 3,088 $ (1,049 ) The impaired originated and PNCI loan amount above represents impaired, collateral dependent loans that have been adjusted to fair value. When we identify a collateral dependent loan as impaired, we measure the impairment using the current fair value of the collateral, less selling costs. Depending on the characteristics of a loan, the fair value of collateral is generally estimated by obtaining external appraisals. If we determine that the value of the impaired loan is less than the recorded investment in the loan, we recognize this impairment and adjust the carrying value of the loan to fair value through the allowance for loan and lease losses. The loss represents charge-offs or impairments on collateral dependent loans for fair value adjustments based on the fair value of collateral. The carrying value of loans fully charged-off non-covered The Company’s property appraisals are primarily based on the sales comparison approach and income approach methodologies, which consider recent sales of comparable properties, including their income generating characteristics, and then make adjustments to reflect the general assumptions that a market participant would make when analyzing the property for purchase. These adjustments may increase or decrease an appraised value and can vary significantly depending on the location, physical characteristics and income producing potential of each property. Additionally, the quality and volume of market information available at the time of the appraisal can vary from period to period and cause significant changes to the nature and magnitude of comparable sale adjustments. Given these variations, comparable sale adjustments are generally not a reliable indicator for how fair value will increase or decrease from period to period. Under certain circumstances, management discounts are applied based on specific characteristics of an individual property. The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at September 30, 2018: Fair Value Valuation Range, (in thousands) Technique Unobservable Inputs Weighted Average September 30, 2018 Impaired Originated & PNCI loans $ 445 Sales comparison Adjustment for differences (55.8%) - 60%; (28%) Income approach Capitalization rate N/A Foreclosed assets (Residential real estate) $ 744 Sales comparison Adjustment for differences (47%) - 52%; 0.9% Foreclosed assets (Commercial real estate) $ 92 Sales comparison Adjustment for differences (65%) - 20%; (45%) Foreclosed assets (Land and construction) $ 27 Sales comparison Adjustment for differences Information not meaningful The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at December 31, 2017: Fair Value Valuation Range, (in thousands) Technique Unobservable Inputs Weighted Average December 31, 2017 Impaired Originated & PNCI loans $ 2,767 Sales comparison Adjustment for differences (74%) - 23%; (19.76%) Income approach Capitalization rate N/A Foreclosed assets (Land & construction) $ 1,341 Sales comparison Adjustment for differences (53%) - 283%; 167% Foreclosed assets (Residential real estate) $ 622 Sales comparison Adjustment for differences (47%) - 39%; (3.13%) Foreclosed assets (Commercial real estate) $ 254 Sales comparison Adjustment for differences (84%) - 19%; (84%) In addition to the methods and assumptions used to estimate the fair value of each class of financial instrument noted above, the following methods and assumptions were used to estimate the fair value of other classes of financial instruments for which it is practical to estimate the fair value. Short-term Instruments Securities held to maturity over-the-counter Restricted Equity Securities Originated and PNCI loans PCI Loans Deposit Liabilities Other Borrowings Junior Subordinated Debentures Commitments to Extend Credit and Standby Letters of Credit Fair values for financial instruments are management’s estimates of the values at which the instruments could be exchanged in a transaction between willing parties. These estimates are subjective and may vary significantly from amounts that would be realized in actual transactions. In addition, other significant assets are not considered financial assets including, any mortgage banking operations, deferred tax assets, and premises and equipment. Further, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on the fair value estimates and have not been considered in any of these estimates. In January 2018, the Company adopted the provisions of Accounting Standard Update 2016-01 Recognition and Measurement of Financial Assets and Financial Liabilities September 30, 2018 December 31, 2017 Carrying Fair Carrying Fair Amount Value Amount Value Financial assets: Level 1 inputs: Cash and due from banks $ 109,363 $ 109,363 $ 105,968 $ 105,968 Cash at Federal Reserve and other banks 117,180 117,180 99,460 99,460 Level 2 inputs: Securities held to maturity 459,897 446,287 514,844 518,165 Restricted equity securities 17,250 N/A 16,956 N/A Level 3 inputs: Loans, net 3,995,833 3,987,841 2,984,842 2,992,225 Financial liabilities: Level 2 inputs: Deposits 5,093,117 5,088,024 4,009,131 4,006,620 Other borrowings 282,831 282,831 122,166 122,166 Level 3 inputs: Junior subordinated debt 56,996 58,930 56,858 58,466 Contract Fair Contract Fair Amount Value Amount Value Off-balance Level 3 inputs: Commitments $ 1,225,542 $ 12,255 $ 933,542 $ 9,335 Standby letters of credit 11,277 113 13,075 131 Overdraft privilege commitments 107,956 1,080 98,260 983 |
Regulatory Matters
Regulatory Matters | 9 Months Ended |
Sep. 30, 2018 | |
Banking and Thrift [Abstract] | |
Regulatory Matters | Note 19 - Regulatory Matters The Company is subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities and certain off-balance-sheet Quantitative measures established by regulation to ensure capital adequacy require the Company to maintain minimum amounts and ratios (set forth in the table below) of total, Tier 1, and common equity Tier 1 capital to risk-weighted assets, and of Tier 1 capital to average assets. The following tables present actual and required capital ratios as of September 30, 2018 and December 31, 2017 for the Company and the Bank under Basel III Capital Rules. The minimum capital amounts presented include the minimum required capital levels as of September 30, 2018 and December 31, 2017 based on the then phased-in phased-in. Minimum Capital Minimum Capital Required to be Required – Basel III Required – Basel III Considered Well Actual Phase-in Fully Phased In Capitalized Amount Ratio Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) As of September 30, 2018: Total Capital (to Risk Weighted Assets): Consolidated $ 664,197 13.90 % $ 471,956 9.875 % $ 501,826 10.50 % N/A N/A Tri Counties Bank $ 658,075 13.77 % $ 471,784 9.875 % $ 501,643 10.50 % $ 477,756 10.00 % Tier 1 Capital (to Risk Weighted Assets): Consolidated $ 630,294 13.19 % $ 376,370 7.875 % $ 406,240 8.50 % N/A N/A Tri Counties Bank $ 624,172 13.06 % $ 376,233 7.875 % $ 406,092 8.50 % $ 382,205 8.00 % Common equity Tier 1 Capital (to Risk Weighted Assets): Consolidated $ 575,010 12.03 % $ 304,680 6.375 % $ 334,551 7.00 % N/A N/A Tri Counties Bank $ 624,172 13.06 % $ 304,569 6.375 % $ 334,429 7.00 % $ 310,541 6.50 % Tier 1 Capital (to Average Assets): Consolidated $ 630,294 10.66 % $ 236,503 4.000 % $ 236,503 4.00 % N/A N/A Tri Counties Bank $ 624,172 10.56 % $ 236,496 4.000 % $ 236,496 4.00 % $ 295,620 5.00 % Minimum Capital Minimum Capital Required to be Required – Basel III Required – Basel III Considered Well Actual Phase-in Fully Phased In Capitalized Amount Ratio Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) As of December 31, 2017: Total Capital (to Risk Weighted Assets): Consolidated $ 528,805 14.07 % $ 347,694 9.250 % $ 394,679 10.50 % N/A N/A Tri Counties Bank $ 525,384 13.98 % $ 347,535 9.250 % $ 394,499 10.50 % $ 375,713 10.00 % Tier 1 Capital (to Risk Weighted Assets): Consolidated $ 495,318 13.18 % $ 272,517 7.250 % $ 319,502 8.50 % N/A N/A Tri Counties Bank $ 491,897 13.09 % $ 272,392 7.250 % $ 319,356 8.50 % $ 300,570 8.00 % Common equity Tier 1 Capital (to Risk Weighted Assets): Consolidated $ 440,643 11.72 % $ 216,134 5.750 % $ 263,120 7.00 % N/A N/A Tri Counties Bank $ 491,897 13.09 % $ 216,035 5.750 % $ 262,999 7.00 % $ 244,214 6.50 % Tier 1 Capital (to Average Assets): Consolidated $ 495,318 10.80 % $ 183,400 4.000 % $ 183,400 4.00 % N/A N/A Tri Counties Bank $ 491,897 10.73 % $ 183,394 4.000 % $ 183,394 4.00 % $ 229,243 5.00 % As of September 30, 2018, capital levels at the Company and the Bank exceed all capital adequacy requirements under the Basel III Capital Rules on a fully phased-in Beginning January 1, 2016, the Basel III Capital Rules implemented a requirement for all banking organizations to maintain a capital conservation buffer above the minimum risk-based capital requirements in order to avoid certain limitations on capital distributions, stock repurchases and discretionary bonus payments to executive officers. The capital conservation buffer is exclusively composed of common equity tier 1 capital, and it applies to each of the risk-based capital ratios but not the leverage ratio. At September 30, 2018, the Company and the Bank are in compliance with the capital conservation buffer requirement. The three risk-based capital ratios will increase by 0.625% each year through 2019, at which point, the common equity tier 1 risk-based, tier 1 risk-based and total risk-based capital ratio minimums will be 7.0%, 8.5% and 10.5%, respectively. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2018 | |
Accounting Policies [Abstract] | |
Description of Business and Basis of Presentation | Description of Business and Basis of Presentation TriCo Bancshares (the “Company” or “we”) is a California corporation organized to act as a bank holding company for Tri Counties Bank (the “Bank”). The Company and the Bank are headquartered in Chico, California. The Bank is a California-chartered bank that is engaged in the general commercial banking business in 29 California counties. The Bank operates from 69 traditional branches, 9 in-store The consolidated financial statements are prepared in accordance with accounting policies generally accepted in the United States of America and general practices in the banking industry. All adjustments necessary for a fair presentation of these consolidated financial statements have been included and are of a normal and recurring nature. The financial statements include the accounts of the Company. All inter-company accounts and transactions have been eliminated in consolidation. For financial reporting purposes, the Company’s investments in the Capital Trusts of $1,741,000 are accounted for under the equity method and, accordingly, are not consolidated and are included in other assets on the consolidated balance sheet. The subordinated debentures issued and guaranteed by the Company and held by the Capital Trusts are reflected as debt on the Company’s consolidated balance sheet. |
Use of Estimates in the Preparation of Financial Statements | Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to the rules and regulatinos of the Securities and Exchange Commission. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidtated financial statements and notes thereto included in the Company’s Annua Report on Form 10-K |
Significant Group Concentration of Credit Risk | Significant Group Concentration of Credit Risk The Company grants agribusiness, commercial, consumer, and residential loans to customers located throughout northern and central California. The Company has a diversified loan portfolio within the business segments located in this geographical area. The Company currently classifies all its operation into one business segment that it denotes as community banking. |
Geographical Descriptions | Geographical Descriptions For the purpose of describing the geographical location of the Company’s loans, the Company has defined northern California as that area of California north of, and including, Stockton; central California as that area of the state south of Stockton, to and including, Bakersfield; and southern California as that area of the state south of Bakersfield. |
Business Combinations | Business Combinations The Company accounts for acquisitions of businesses using the acquisition method of accounting. Under the acquisition method, assets acquired and liabilities assumed are recorded at their estimated fair values at the date of acquisition. Management utilizes various valuation techniques including discounted cash flow analyses to determine these fair values. Any excess of the purchase price over amounts allocated to the acquired assets, including identifiable intangible assets, and liabilities assumed is recorded as goodwill. |
Cash and Cash Equivalents | Cash and Cash Equivalents Net cash flows are reported for loan and deposit transactions and other borrowings. For purposes of the consolidated statement of cash flows, cash, due from banks with maturities less than 90 days, interest-earning deposits in other banks, and Federal funds sold are considered to be cash equivalents. |
Revenue Recognition | Revenue Recognition The Company records revenue from contracts with customers in accordance with Accounting Standards Codification Topic 606, “Revenue from Contracts with Customers” (“Topic 606”). Under Topic 606, the Company must identify the contract with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract, and recognize revenue when (or as) the Company satisfies a performance obligation. Most of our revenue-generating transactions are not subject to Topic 606, including revenue generated from financial instruments, such as our loans and investment securities. In addition, certain noninterest income streams such as fees associated with mortgage servicing rights, financial guarantees, derivatives, and certain credit card fees are also not in scope of the new guidance. The Company’s noninterest revenue streams are largely based on transactional activity, or standard month-end month-end |
Accounting Standards Adopted in 2018 | Accounting Standards Adopted in 2018 FASB Accounting Standards Update (ASU) No. 2014- 09, Revenue from Contracts with Customers (Topic 606): 2014-09 2014-09 2014-09 2014-09 In January 2016, the FASB issued ASU No. 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities.” available-for-sale No. 2016-01 Fair Value Measurement FASB issued ASU No. 2016-18, Statement of Cash Flows - Restricted Cash (Topic 230). ASU 2016-18 beginning-of-period end-of-period ASU 2016-18 FASB issued ASU No. 2017-01, Business Combinations - Clarifying the Definition of a Business (Topic 805). ASU 2017-01 ASU 2017-01 ASU 2017-01 FASB issued ASU No. 2017-07, Compensation - Retirement Benefits (Topic 715). 2017-07 ASU 2017-07 FASB issued ASU 2017-09, Compensation - Stock Compensation (Topic 718). ASU 2017-09 ASU 2017-09, ASU 2017-09 FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220). 2018-02 2018-02 2018-02 |
Accounting Standards Pending Adoption | Accounting Standards Pending Adoption FASB issued ASU No. 2016-02, Leases (Topic 842) ASU 2016-2, on-balance ASU 2016-02 No. 2018-10 2018-11. No. 2016-02, 2018-10 2018-11. FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326) FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other: Simplifying the Test for Goodwill Impairment (Topic 350): 2017-04 ASU 2017-04 FASB issued ASU 2017-08, Receivables - Nonrefundable Fees and Other Costs (Topic 310). ASU 2017-08 non-pooled ASU 2017-08 ASU 2017-08 In August 2018, the FASB issued ASU No. 2018-13, “Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement.” No. 2018-13 No. 2018-13 In August 2018, the FASB issued ASU No. 2018-14, “Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans.” 2018-14 2018-14 |
Business Combinations (Tables)
Business Combinations (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Business Combinations [Abstract] | |
Schedule of Business Acquisition Pro-forma financial Information | The unaudited pro forma financial information is not necessarily indicative of the results of operations that would have occurred had the transaction been effected on the assumed date. Three months ended Nine months ended September 30, September 30, September 30, September 30, ( in thousands, except per share data) Summarized proforma income statement data: Net interest income $ 61,259 $ 57,329 $ 178,434 $ 168,363 Provision for (benefit from) loan losses 2,651 765 1,374 (1,728 ) Noninterest income 12,288 13,902 38,517 40,537 Noninterest expense (40,850 ) (45,983 ) (135,048 ) (135,218 ) Income before taxes 30,046 24,483 80,529 75,410 Income taxes 8,384 9,055 22,996 27,436 Net income $ 21,662 $ 15,428 $ 57,533 $ 47,974 Basic earnings per share $ 0.72 $ 0.51 $ 1.76 $ 1.58 Diluted earnings per share $ 0.71 $ 0.50 $ 1.74 $ 1.56 |
Schedule of Fair Value of Consideration Transferred, Identifiable Net Assets Acquired and Resulting Goodwill | The following table summarizes the consideration paid for FNBB and the amounts of assets acquired and liabilities assumed that were recorded at the acquisition date (in thousands). FNB Bancorp Fair value of consideration transferred: Fair value of shares issued $ 284,437 Cash consideration 6,695 Total fair value of consideration transferred 291,132 Assets acquired: Cash and cash equivalents 37,308 Securities available for sale 335,667 Restricted equity securities 7,723 Loans 834,683 Premises and equipment 30,522 Cash value of life insurance 16,817 Core deposit intangible 27,605 Other assets 16,214 Total assets acquired 1,306,539 Liabilities assumed: Deposits 991,935 Other liabilities 15,133 Short-term borrowings - Federal Home Loan Bank 165,000 Total liabilities assumed 1,172,068 Total net assets acquired 134,471 Goodwill recognized $ 156,661 |
Investment Securities (Tables)
Investment Securities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Investments Schedule [Abstract] | |
Amortized Cost and Estimated Fair Values of Investments in Debt Securities | The amortized cost and estimated fair values of investments in debt securities are summarized in the following tables: September 30, 2018 Amortized Gross Gross Estimated Fair (in thousands) Debt Securities Available for Sale Obligations of U.S. government agencies $ 666,021 163 (27,308 ) $ 638,876 Obligations of states and political subdivisions 129,072 107 (5,759 ) 123,420 Corporate bonds 4,368 65 (2 ) 4,431 Asset backed securities 289,550 181 (498 ) 289,233 Total debt securities available for sale $ 1,089,011 $ 516 $ (33,567 ) $ 1,055,960 Debt Securities Held to Maturity Obligations of U.S. government agencies $ 445,309 $ 88 $ (13,361 ) $ 432,036 Obligations of states and political subdivisions 14,588 58 (395 ) 14,251 Total debt securities held to maturity $ 459,897 $ 146 $ (13,756 ) $ 446,287 December 31, 2017 Amortized Gross Gross Estimated Fair (in thousands) Debt Securities Available for Sale Obligations of U.S. government agencies $ 609,695 $ 695 $ (5,601 ) $ 604,789 Obligations of states and political subdivisions 121,597 1,888 (329 ) 123,156 Total debt securities available for sale $ 731,292 $ 2,583 $ (5,930 ) $ 727,945 Debt Securities Held to Maturity Obligations of U.S. government agencies $ 500,271 $ 5,101 $ (1,889 ) $ 503,483 Obligations of states and political subdivisions 14,573 146 (37 ) 14,682 Total debt securities held to maturity $ 514,844 $ 5,247 $ (1,926 ) $ 518,165 |
Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity | For purposes of the following table, the entire outstanding balance of these mortgage-backed securities issued by U.S. government corporations and agencies is categorized based on final maturity date. Debt Securities Available for Sale Held to Maturity (In thousands) Amortized Estimated Fair Amortized Estimated Fair Due in one year $ 2,435 $ 2,434 $ — $ — Due after one year through five years 12,486 12,501 1,231 1,240 Due after five years through ten years 17,764 17,740 25,955 25,210 Due after ten years 1,056,326 1,023,285 432,711 419,837 Totals $ 1,089,011 $ 1,055,960 $ 459,897 $ 446,287 |
Gross Unrealized Losses on Debt Securities | Gross unrealized losses on debt securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were as follows: Less than 12 months 12 months or more Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized September 30, 2018 (in thousands) Debt Securities Available for Sale Obligations of U.S. government agencies $ 323,972 $ (10,839 ) $ 311,035 $ (16,469 ) $ 635,007 $ (27,308 ) Obligations of states and political subdivisions 85,668 (3,659 ) 18,323 (2,100 ) 103,991 (5,759 ) Corporate bonds 1,969 (2 ) — — 1,969 (2 ) Asset backed securities 79,943 (498 ) — — 79,943 (498 ) Total debt securities available for sale $ 491,552 $ (14,998 ) $ 329,358 $ (18,569 ) $ 820,910 $ (33,567 ) Debt Securities Held to Maturity Obligations of U.S. government agencies $ 307,432 $ (7,693 ) $ 109,312 $ (5,668 ) $ 416,744 $ (13,361 ) Obligations of states and political subdivisions 8,971 (230 ) 3,076 (165 ) 12,047 (395 ) Total debt securities held to maturity $ 316,403 $ (7,923 ) $ 112,388 $ (5,833 ) $ 428,791 $ (13,756 ) Less than 12 months 12 months or more Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized December 31, 2017 (in thousands) Debt Securities Available for Sale Obligations of U.S. government agencies $ 284,367 $ (2,176 ) $ 166,338 $ (3,425 ) $ 450,705 $ (5,601 ) Obligations of states and political subdivisions 4,904 (35 ) 17,085 (294 ) 21,989 (329 ) Total securities available for sale $ 289,271 $ (2,211 ) $ 183,423 $ (3,719 ) $ 472,694 $ (5,930 ) Debt Securities Held to Maturity Obligations of U.S. government agencies $ 93,017 $ (567 ) $ 95,367 $ (1,322 ) $ 188,384 $ (1,889 ) Obligations of states and political subdivisions 1,488 (7 ) 2,637 (30 ) 4,125 (37 ) Total debt securities held to maturity $ 94,505 $ (574 ) $ 98,004 $ (1,352 ) $ 192,509 $ (1,926 ) |
Loans (Tables)
Loans (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Receivables [Abstract] | |
Summary of Loan Balances | A summary of loan balances follows (in thousands): September 30, 2018 Originated PNCI PCI Total Mortgage loans on real estate: Residential 1-4 $ 340,515 $ 182,201 $ 1,698 $ 524,414 Commercial 1,863,604 736,299 7,885 2,607,788 Total mortgage loans on real estate 2,204,119 918,500 9,583 3,132,202 Consumer: Home equity lines of credit 284,956 44,881 1,299 331,136 Home equity loans 35,556 4,690 447 40,693 Other 26,294 23,120 42 49,456 Total consumer loans 346,806 72,691 1,788 421,285 Commercial 234,741 52,479 2,427 289,647 Construction: Residential 81,533 33,041 — 114,574 Commercial 63,508 6,220 — 69,728 Total construction 145,041 39,261 — 184,302 Total loans, net of deferred loan fees and discounts $ 2,930,707 $ 1,082,931 $ 13,798 $ 4,027,436 Total principal balance of loans owed, net of charge-offs $ 2,940,897 $ 1,120,654 $ 21,007 $ 4,082,558 Unamortized net deferred loan fees (10,190 ) — — (10,190 ) Discounts to principal balance of loans owed, net of charge-offs — (37,723 ) (7,209 ) (44,932 ) Total loans, net of unamortized deferred loan fees and discounts $ 2,930,707 $ 1,082,931 $ 13,798 $ 4,027,436 Allowance for loan losses $ (30,927 ) $ (566 ) $ (110 ) $ (31,603 ) December 31, 2017 Originated PNCI PCI Total Mortgage loans on real estate: Residential 1-4 $ 320,522 $ 63,519 $ 1,385 $ 385,426 Commercial 1,690,510 215,823 8,563 1,914,896 Total mortgage loan on real estate 2,011,032 279,342 9,948 2,300,322 Consumer: Home equity lines of credit 269,942 16,248 2,498 288,688 Home equity loans 39,848 2,698 485 43,031 Other 22,859 2,251 45 25,155 Total consumer loans 332,649 21,197 3,028 356,874 Commercial 209,437 8,391 2,584 220,412 Construction: Residential 67,920 10 — 67,930 Commercial 69,364 263 — 69,627 Total construction 137,284 273 — 137,557 Total loans, net of deferred loan fees and discounts $ 2,690,402 $ 309,203 $ 15,560 $ 3,015,165 Total principal balance of loans owed, net of charge-offs $ 2,699,053 $ 316,238 $ 23,181 $ 3,038,472 Unamortized net deferred loan fees (8,651 ) — — (8,651 ) Discounts to principal balance of loans owed, net of charge-offs — (7,035 ) (7,621 ) (14,656 ) Total loans, net of unamortized deferred loan fees and discounts $ 2,690,402 $ 309,203 $ 15,560 $ 3,015,165 Allowance for loan losses $ (29,122 ) $ (929 ) $ (272 ) $ (30,323 ) |
Change in Accretable Yield for PCI | The following is a summary of the change in accretable yield for PCI loans during the periods indicated (in thousands): Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Change in accretable yield: Balance at beginning of period $ 3,996 $ 7,956 $ 4,262 $ 10,348 Accretion to interest income (253 ) (594 ) (769 ) (2,554 ) Reclassification (to) from nonaccretable difference (47 ) (2,893 ) 203 (3,325 ) Balance at end of period $ 3,696 $ 4,469 $ 3,696 $ 4,469 |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Receivables [Abstract] | |
Summary of Activity in Allowance for Loan Losses, and Ending Balance of Loans, Net of Unearned Fees for Periods Indicated | The following tables summarize the activity in the allowance for loan losses, and ending balance of loans, net of unearned fees for the periods indicated. Allowance for Loan Losses – Three Months Ended September 30, 2018 (in thousands) Beginning Charge-offs Recoveries Provision Ending Balance Mortgage loans on real estate: Residential 1-4 $ 1,991 $ (25 ) $ — $ 434 $ 2,400 Commercial 11,607 — 15 1,257 12,879 Total mortgage loans on real estate 13,598 (25 ) 15 1,691 15,279 Consumer: Home equity lines of credit 5,048 (172 ) 151 194 5,221 Home equity loans 1,532 (23 ) 139 (55 ) 1,593 Other 557 (229 ) 63 309 700 Total consumer loans 7,137 (424 ) 353 448 7,514 Commercial 6,378 (693 ) 202 337 6,224 Construction: Residential 1,434 — — 192 1,626 Commercial 977 — — (17 ) 960 Total construction 2,411 — — 175 2,586 Total $ 29,524 $ (1,142 ) $ 570 $ 2,651 $ 31,603 Allowance for Loan Losses – Nine Months Ended September 30, 2018 (in thousands) Beginning Charge-offs Recoveries Provision Ending Balance Mortgage loans on real estate: Residential 1-4 $ 2,317 $ (77 ) $ — $ 160 $ 2,400 Commercial 11,441 (15 ) 51 1,402 12,879 Total mortgage loans on real estate 13,758 (92 ) 51 1,562 15,279 Consumer: Home equity lines of credit 5,800 (276 ) 677 (980 ) 5,221 Home equity loans 1,841 (23 ) 176 (401 ) 1,593 Other 586 (597 ) 208 503 700 Total consumer loans 8,227 (896 ) 1,061 (878 ) 7,514 Commercial 6,512 (952 ) 331 333 6,224 Construction: Residential 1,184 — — 442 1,626 Commercial 642 — — 318 960 Total construction 1,826 — — 760 2,586 Total $ 30,323 $ (1,940 ) $ 1,443 $ 1,777 $ 31,603 Allowance for Loan Losses – As of September 30, 2018 (in thousands) Individually Loans pooled Loans acquired Total allowance Mortgage loans on real estate: Residential 1-4 $ 57 $ 2,313 $ 30 $ 2,400 Commercial 268 12,552 59 12,879 Total mortgage loans on real estate 325 14,865 89 15,279 Consumer: Home equity lines of credit 168 5,046 7 5,221 Home equity loans 175 1,418 — 1,593 Other 103 597 — 700 Total consumer loans 446 7,061 7 7,514 Commercial 1,857 4,353 14 6,224 Construction: Residential — 1,626 — 1,626 Commercial — 960 — 960 Total construction — 2,586 — 2,586 Total $ 2,628 $ 28,865 $ 110 $ 31,603 Loans, Net of Unearned fees – As of September 30, 2018 (in thousands) Individually Loans pooled Loans acquired Total loans, net Mortgage loans on real estate: Residential 1-4 $ 4,781 $ 517,935 $ 1,698 $ 524,414 Commercial 13,244 2,586,659 7,885 2,607,788 Total mortgage loans on real estate 18,025 3,104,594 9,583 3,132,202 Consumer: Home equity lines of credit 2,188 327,649 1,299 331,136 Home equity loans 2,406 37,840 447 40,693 Other 243 49,171 42 49,456 Total consumer loans 4,837 414,660 1,788 421,285 Commercial 4,632 282,588 2,427 289,647 Construction: Residential — 114,574 — 114,574 Commercial — 69,728 — 69,728 Total construction — 184,302 — 184,302 Total $ 27,494 $ 3,986,144 $ 13,798 $ 4,027,436 Allowance for Loan Losses – Year Ended December 31, 2017 (in thousands) Beginning Charge-offs Recoveries Provision Ending Mortgage loans on real estate: Residential 1-4 $ 2,748 $ (60 ) $ — $ (371 ) $ 2,317 Commercial 11,517 (186 ) 397 (287 ) 11,441 Total mortgage loans on real estate 14,265 (246 ) 397 (658 ) 13,758 Consumer: Home equity lines of credit 7,044 (98 ) 698 (1,844 ) 5,800 Home equity loans 2,644 (332 ) 242 (713 ) 1,841 Other 622 (1,186 ) 375 775 586 Total consumer loans 10,310 (1,616 ) 1,315 (1,782 ) 8,227 Commercial 5,831 (1,444 ) 428 1,697 6,512 Construction: Residential 1,417 (1,104 ) — 871 1,184 Commercial 680 — 1 (39 ) 642 Total construction 2,097 (1,104 ) 1 832 1,826 Total $ 32,503 $ (4,410 ) $ 2,141 $ 89 $ 30,323 Allowance for Loan Losses – As of December 31, 2017 (in thousands) Individually Loans pooled Loans acquired Total allowance Mortgage loans on real estate: Residential 1-4 $ 230 $ 1,932 $ 155 $ 2,317 Commercial 30 11,351 60 11,441 Total mortgage loans on real estate 260 13,283 215 13,758 Consumer: Home equity lines of credit 427 5,356 17 5,800 Home equity loans 107 1,734 — 1,841 Other 57 529 — 586 Total consumer loans 591 7,619 17 8,227 Commercial 1,848 4,624 40 6,512 Construction: Residential — 1,184 — 1,184 Commercial — 642 — 642 Total construction — 1,826 — 1,826 Total $ 2,699 $ 27,352 $ 272 $ 30,323 Loans, Net of Unearned fees – As of December 31, 2017 (in thousands) Individually Loans pooled Loans acquired Total loans, net Mortgage loans on real estate: Residential 1-4 $ 5,298 $ 378,743 $ 1,385 $ 385,426 Commercial 13,911 1,892,422 8,563 1,914,896 Total mortgage loans on real estate 19,209 2,271,165 9,948 2,300,322 Consumer: Home equity lines of credit 2,688 283,502 2,498 288,688 Home equity loans 1,470 41,076 485 43,031 Other 257 24,853 45 25,155 Total consumer loans 4,415 349,431 3,028 356,874 Commercial 4,470 213,358 2,584 220,412 Construction: Residential 140 67,790 — 67,930 Commercial — 69,627 — 69,627 Total construction 140 137,417 — 137,557 Total $ 28,234 $ 2,971,371 $ 15,560 $ 3,015,165 Allowance for Loan Losses – Three Months Ended September 30, 2017 (in thousands) Beginning Charge- Recoveries Provision Ending Balance Mortgage loans on real estate: Residential 1-4 $ 2,495 $ (60 ) $ — $ (217 ) $ 2,218 Commercial 10,119 (20 ) 238 1,033 11,370 Total mortgage loans on real estate 12,614 (80 ) 238 816 13,588 Consumer: Home equity lines of credit 6,156 (14 ) 189 (610 ) 5,721 Home equity loans 2,354 (94 ) 121 (390 ) 1,991 Other 645 (349 ) 91 203 590 Total consumer loans 9,155 (457 ) 401 (797 ) 8,302 Commercial 4,729 (291 ) 61 303 4,802 Construction: Residential 1,179 (33 ) — 284 1,430 Commercial 466 — — 159 625 Total construction 1,645 (33 ) — 443 2,055 Total $ 28,143 $ (861 ) $ $ 765 $ 28,747 Allowance for Loan Losses – Nine Months Ended September 30, 2017 (in thousands) Beginning Charge-offs Recoveries Provision Ending Balance Mortgage loans on real estate: Residential 1-4 $ 2,748 $ (60 ) $ $ (470 ) $ 2,218 Commercial 11,517 (170 ) 365 (342 ) 11,370 Total mortgage loans on real estate 14,265 (230 ) 365 (812 ) 13,588 Consumer: Home equity lines of credit 7,044 (98 ) 487 (1,712 ) 5,721 Home equity loans 2,644 (331 ) 146 (468 ) 1,991 Other 622 (831 ) 300 499 590 Total consumer loans 10,310 (1,260 ) 933 (1,681 ) 8,302 Commercial 5,831 (1,188 ) 315 (156 ) 4,802 Construction: Residential 1,417 (1,104 ) — 1,117 1,430 Commercial 680 — 1 (56 ) 625 Total construction 2,097 (1,104 ) 1 1,061 2,055 Total $ 32,503 $ (3,782 ) $ 1,614 $ (1,588 ) $ 28,747 Allowance for Loan Losses – As of September 30, 2017 (in thousands) Individually Loans pooled Loans acquired Total allowance Mortgage loans on real estate: Residential 1-4 $ 240 $ 1,978 $ — $ 2,218 Commercial 73 11,022 275 11,370 Total mortgage loans on real estate 313 13,000 275 13,588 Consumer: Home equity lines of credit 363 5,346 12 5,721 Home equity loans 111 1,880 — 1,991 Other 77 513 — 590 Total consumer loans 551 7,739 12 8,302 Commercial 1,276 3,526 — 4,802 Construction: Residential — 1,430 — 1,430 Commercial — 625 — 625 Total construction — 2,055 — 2,055 Total $ 2,140 $ 26,320 $ 287 $ 28,747 Loans, Net of Unearned fees – As of September 30, 2017 (in thousands) Individually Loans pooled Loans acquired Total Loans Mortgage loans on real estate: Residential 1-4 $ 5,027 $ 384,640 $ 1,405 $ 391,072 Commercial 19,788 1,775,843 8,171 1,803,802 Total mortgage loans on real estate 24,815 2,160,483 9,576 2,194,874 Consumer: Home equity lines of credit 2,219 284,335 2,952 289,506 Home equity loans 1,842 42,454 737 45,033 Other 267 26,470 44 26,781 Total consumer loans 4,328 353,259 3,733 361,320 Commercial 2,938 221,846 2,695 227,479 Construction: Residential 144 74,976 — 75,120 Commercial — 72,820 — 72,820 Total construction 144 147,796 — 147,940 Total $ 32,225 $ 2,883,384 $ 16,004 $ 2,931,613 |
Schedule Credit Quality Indicators | The following tables present ending loan balances by loan category and risk grade for the periods indicated: Credit Quality Indicators Originated Loans – As of September 30, 2018 (in thousands) Pass Special Substandard Doubtful / Loss Total Originated Mortgage loans on real estate: Residential 1-4 $ 334,902 $ 1,690 $ 3,923 $ — $ 340,515 Commercial 1,821,995 28,747 12,862 — 1,863,604 Total mortgage loans on real estate 2,156,897 30,437 16,785 — 2,204,119 Consumer: Home equity lines of credit 281,480 1,747 1,729 — 284,956 Home equity loans 32,242 1,006 2,308 — 35,556 Other 25,885 334 75 — 26,294 Total consumer loans 339,607 3,087 4,112 — 346,806 Commercial 220,328 9,942 4,471 — 234,741 Construction: Residential 81,235 32 266 — 81,533 Commercial 62,660 848 — — 63,508 Total construction 143,895 880 266 — 145,041 Total loans $ 2,860,727 $ 44,346 $ 25,634 $ — $ 2,930,707 Credit Quality Indicators PNCI Loans – As of September 30, 2018 (in thousands) Pass Special Substandard Doubtful / Loss Total PNCI Mortgage loans on real estate: Residential 1-4 $ 179,634 $ 880 $ 1,687 $ — $ 182,201 Commercial 729,261 3,478 3,560 — 736,299 Total mortgage loans on real estate 908,895 4,358 5,247 — 918,500 Consumer: Home equity lines of credit 43,406 826 649 — 44,881 Home equity loans 4,471 116 103 — 4,690 Other 23,083 32 5 — 23,120 Total consumer loans 70,960 974 757 — 72,691 Commercial 51,633 734 112 — 52,479 Construction: Residential 33,041 — — — 33,041 Commercial 6,220 — — — 6,220 Total construction 39,261 — — — 39,261 Total loans $ 1,070,749 $ 6,066 $ 6,116 $ — $ 1,082,931 Credit Quality Indicators Originated Loans – As of December 31, 2017 (in thousands) Pass Special Substandard Doubtful / Loss Total Originated Mortgage loans on real estate: Residential 1-4 $ 315,120 $ 2,234 $ 3,168 $ — $ 320,522 Commercial 1,649,333 18,434 22,743 — 1,690,510 Total mortgage loans on real estate 1,964,453 20,668 25,911 — 2,011,032 Consumer: Home equity lines of credit 265,345 2,558 2,039 — 269,942 Home equity loans 37,428 800 1,620 — 39,848 Other 22,432 272 155 — 22,859 Total consumer loans 325,205 3,630 3,814 — 332,649 Commercial 195,208 9,492 4,737 — 209,437 Construction: Residential 67,813 — 107 — 67,920 Commercial 64,492 4,872 — — 69,364 Total construction 132,305 4,872 107 — 137,284 Total loans $ 2,617,171 $ 38,662 $ 34,569 $ — $ 2,690,402 Credit Quality Indicators PNCI Loans – As of December 31, 2017 (in thousands) Pass Special Substandard Doubtful / Loss Total PNCI Mortgage loans on real estate: Residential 1-4 $ 61,411 $ 218 $ 1,890 $ — $ 63,519 Commercial 203,751 11,513 559 — 215,823 Total mortgage loans on real estate 265,162 11,731 2,449 — 279,342 Consumer: Home equity lines of credit 14,866 450 932 — 16,248 Home equity loans 2,433 188 77 — 2,698 Other 2,207 38 6 — 2,251 Total consumer loans 19,506 676 1,015 — 21,197 Commercial 8,390 1 — — 8,391 Construction: Residential 10 — — — 10 Commercial 263 — — — 263 Total construction 273 — — — 273 Total $ 293,331 $ 12,408 $ 3,464 $ — $ 309,203 |
Analysis of Past Due Loans | The following table shows the ending balance of current and past due originated loans by loan category as of the date indicated: Analysis of Originated Past Due Loans - As of September 30, 2018 ³ (in thousands) 30-59 days 60-89 days > 90 days Total Past Current Total Mortgage loans on real estate: Residential 1-4 $ 275 $ 749 $ 738 $ 1,762 $ 338,753 $ 340,515 $ — Commercial 499 150 117 766 1,862,838 1,863,604 — Total mortgage loans on real estate 774 899 855 2,528 2,201,591 2,204,119 — Consumer: Home equity lines of credit 1,450 97 112 1,659 283,297 284,956 — Home equity loans 527 293 411 1,231 34,325 35,556 — Other 262 24 — 286 26,008 26,294 — Total consumer loans 2,239 414 523 3,176 343,630 346,806 — Commercial 1,010 134 1,309 2,453 232,288 234,741 — Construction: Residential 488 — — 488 81,045 81,533 — Commercial — — — — 63,508 63,508 — Total construction 488 — — 488 144,553 145,041 — Total originated loans $ 4,511 $ 1,447 $ 2,687 $ 8,645 $ 2,922,062 $ 2,930,707 $ — The following table shows the ending balance of current and past due PNCI loans by loan category as of the date indicated: Analysis of PNCI Past Due Loans - As of September 30, 2018 ³ (in thousands) 30-59 days 60-89 days > 90 days Total Past Current Total Mortgage loans on real estate: Residential 1-4 $ $ 397 $ 163 $ 560 $ 181,641 $ 182,201 $ — Commercial 992 18 949 1,959 734,340 736,299 949 Total mortgage loans on real estate 992 415 1,112 2,519 915,981 918,500 949 Consumer: Home equity lines of credit 613 192 227 1,032 43,849 44,881 99 Home equity loans 262 — 16 278 4,412 4,690 — Other 242 — — 242 22,878 23,120 — Total consumer loans 1,117 192 243 1,552 71,139 72,691 99 Commercial 30 472 — 502 51,977 52,479 — Construction: Residential — — — — 33,041 33,041 — Commercial — — — — 6,220 6,220 — Total construction — — — — 39,261 39,261 — Total PNCI loans $ 2,139 $ 1,079 $ 1,355 $ 4,573 $ 1,078,358 $ 1,082,931 $ 1,048 The following table shows the ending balance of current and past due originated loans by loan category as of the date indicated: Analysis of Originated Past Due Loans - As of December 31, 2017 ³ (in thousands) 30-59 days 60-89 days > 90 days Total Past Current Total Mortgage loans on real estate: Residential 1-4 $ 1,740 $ 510 $ 243 $ 2,493 $ 318,029 $ 320,522 $ — Commercial 158 987 — 1,145 1,689,365 1,690,510 — Total mortgage loans on real estate 1,898 1,497 243 3,638 2,007,394 2,011,032 — Consumer: Home equity lines of credit 528 48 372 948 268,994 269,942 — Home equity loans 511 107 373 991 38,857 39,848 — Other 56 36 3 95 22,764 22,859 — Total consumer loans 1,095 191 748 2,034 330,615 332,649 — Commercial 956 738 1,527 3,221 206,216 209,437 — Construction: Residential 34 — — 34 67,886 67,920 — Commercial — — — — 69,364 69,364 — Total construction 34 — — 34 137,250 137,284 — Total loans $ 3,983 $ 2,426 $ 2,518 $ 8,927 $ 2,681,475 $ 2,690,402 $ — The following table shows the ending balance of current and past due PNCI loans by loan category as of the date indicated: Analysis of PNCI Past Due Loans - As of December 31, 2017 > 90 Days (in thousands) 30-59 days 60-89 days > 90 days Total Past Current Total Mortgage loans on real estate: Residential 1-4 family $ 1,495 $ 90 $ 109 $ 1,694 $ 61,825 $ 63,519 $ 81 Commercial 70 — — 70 215,753 215,823 — Total mortgage loans on real estate 1,565 90 109 1,764 277,578 279,342 81 Consumer: Home equity lines of credit 298 228 330 856 15,392 16,248 200 Home equity loans 30 — — 30 2,668 2,698 — Other 6 26 — 32 2,219 2,251 — Total consumer loans 334 254 330 918 20,279 21,197 200 Commercial — — — — 8,391 8,391 — Construction: Residential — — — — 10 10 — Commercial — — — — 263 263 — Total construction — — — — 273 273 — Total loans $ 1,899 $ 344 $ 439 $ 2,682 $ 306,521 $ 309,203 $ 281 |
Schedule of Non Accrual Loans | The following table shows the ending balance of nonaccrual originated and PNCI loans by loan category as of the date indicated: Non Accrual Loans As of September 30, 2018 As of December 31, 2017 (in thousands) Originated PNCI Total Originated PNCI Total Mortgage loans on real estate: Residential 1-4 family $ 2,813 $ 1,219 $ 4,032 $ 1,725 $ 1,012 $ 2,737 Commercial 7,876 305 8,181 8,144 — 8,144 Total mortgage loans on real estate 10,689 1,524 12,213 9,869 1,012 10,881 Consumer: Home equity lines of credit 725 568 1,293 811 402 1,213 Home equity loans 1,933 50 1,983 1,106 44 1,150 Other 3 5 8 7 5 12 Total consumer loans 2,661 623 3,284 1,924 451 2,375 Commercial 3,737 — 3,737 3,669 — 3,669 Construction: Residential — — — — — — Commercial — — — — — — Total construction — — — — — — Total non accrual loans $ 17,087 $ 2,147 $ 19,234 $ 15,462 $ 1,463 $ 16,925 |
Impaired Loans | The following tables show the recorded investment (financial statement balance), unpaid principal balance, average recorded investment, and interest income recognized for impaired Originated and PNCI loans, segregated by those with no related allowance recorded and those with an allowance recorded for the periods indicated. Impaired Originated Loans – As of, or for the Nine Months Ended, September 30, 2018 (in thousands) Unpaid Recorded Recorded Total recorded Related Average Interest income Mortgage loans on real estate: Residential 1-4 $ 4,185 $ 3,251 $ 311 $ 3,562 $ 57 $ 3,883 $ 67 Commercial 12,553 9,619 2,370 11,989 268 11,549 208 Total mortgage loans on real estate 16,738 12,870 2,681 15,551 325 15,432 275 Consumer: Home equity lines of credit 1,444 1,346 59 1,405 19 1,410 32 Home equity loans 2,554 1,960 157 2,117 30 1,753 24 Other 3 — 3 3 3 3 — Total consumer loans 4,001 3,306 219 3,525 52 3,166 56 Commercial 4,868 2,135 2,497 4,632 1,857 4,626 78 Construction: Residential — — — — — 68 — Commercial — — — — — — — Total construction — — — — — 68 — Total $ 25,607 $ 18,311 $ 5,397 $ 23,708 $ 2,234 $ 23,292 $ 409 Impaired PNCI Loans – As of, or for the Nine Months Ended, September 30, 2018 (in thousands) Unpaid Recorded Recorded Total recorded Related Average Interest income Mortgage loans on real estate: Residential 1-4 $ 1,302 $ 1,219 $ — $ 1,219 $ — $ 1,275 $ — Commercial 1,255 1,255 — 1,255 — 627 58 Total mortgage loans on real estate 2,557 2,474 — 2,474 — 1,902 58 Consumer: Home equity lines of credit 852 625 158 783 149 909 13 Home equity loans 296 50 239 289 145 287 9 Other 240 — 240 240 100 257 7 Total consumer loans 1,388 675 637 1,312 394 1,453 29 Commercial — — — — — — — Construction: Residential — — — — — — — Commercial — — — — — — — Total construction — — — — — — — Total $ 3,945 $ 3,149 $ 637 $ 3,786 $ 394 $ 3,355 $ 87 Impaired Originated Loans – As of, or for the Twelve Months Ended, December 31, 2017 (in thousands) Unpaid Recorded Recorded Total recorded Related Average Interest income Mortgage loans on real estate: Residential 1-4 $ 4,023 $ 2,058 $ 1,881 $ 3,939 $ 230 $ 3,501 $ 143 Commercial 14,186 13,101 810 13,911 30 13,851 645 Total mortgage loans on real estate 18,209 15,159 2,691 17,850 260 17,352 788 Consumer: Home equity lines of credit 1,581 1,093 401 1,494 111 1,702 47 Home equity loans 1,627 1,107 198 1,305 10 1,193 24 Other 52 4 3 7 3 20 — Total consumer loans 3,260 2,204 602 2,806 124 2,915 71 Commercial 4,566 575 3,895 4,470 1,848 4,283 184 Construction: Residential 140 140 — 140 — 76 9 Commercial — — — — — — — Total construction 140 140 — 140 — 76 9 Total $ 26,175 $ 18,078 $ 7,188 $ 25,266 $ 2,232 $ 24,626 $ 1,052 Impaired PNCI Loans – As of, or for the Twelve Months Ended, December 31, 2017 (in thousands) Unpaid Recorded Recorded Total recorded Related Average Interest income Mortgage loans on real estate: Residential 1-4 $ 1,404 $ 1,359 $ — $ 1,359 $ — $ 1,041 $ 24 Commercial — — — — — 979 — Total mortgage loans on real estate 1,404 1,359 — 1,359 — 2,020 24 Consumer: Home equity lines of credit 1,216 591 603 1,194 316 1,240 48 Home equity loans 178 44 121 165 97 117 6 Other 250 — 250 250 54 186 11 Total consumer loans 1,644 635 974 1,609 467 1,543 65 Commercial — — — — — — — Construction: Residential — — — — — — — Commercial — — — — — — — Total construction — — — — — — — Total $ 3,048 $ 1,994 $ 974 $ 2,968 $ 467 $ 3,563 $ 89 Impaired Originated Loans – As of, or for the Nine Months Ended, September 30, 2017 (in thousands) Unpaid Recorded Recorded Total recorded Related Average Interest income Mortgage loans on real estate: Residential 1-4 $ 3,489 $ 1,777 $ 1,644 $ 3,421 $ 167 $ 3,242 $ 90 Commercial 18,643 17,039 1,150 18,189 73 15,990 514 Total mortgage loans on real estate 22,132 18,816 2,794 21,610 240 19,232 604 Consumer: Home equity lines of credit 1,324 1,108 110 1,218 33 1,564 25 Home equity loans 2,091 1,470 199 1,669 13 1,376 32 Other 59 3 11 14 7 23 (25 ) Total consumer loans 3,474 2,581 320 2,901 53 2,963 32 Commercial 3,262 884 2,048 2,932 1,270 3,514 69 Construction: Residential 144 144 — 144 — 78 7 Commercial — — — — — — — Total construction 144 144 — 144 — 78 7 Total $ 29,012 $ 22,425 $ 5,162 $ 27,587 $ 1,563 $ 25,787 $ 712 Impaired PNCI Loans – As of, or for the Nine Months Ended, September 30, 2017 (in thousands) Unpaid Recorded Recorded Total recorded Related Average Interest income Mortgage loans on real estate: Residential 1-4 $ 1,634 $ 1,356 $ 250 $ 1,606 $ 73 $ 1,165 $ 24 Commercial 1,869 1,599 — 1,599 — 1,778 — Total mortgage loans on real estate 3,503 2,955 250 3,205 73 2,943 24 Consumer: Home equity lines of credit 1,020 394 607 1,001 328 1,143 28 Home equity loans 185 50 123 173 99 121 5 Other 253 — 253 253 71 187 8 Total consumer loans 1,458 444 983 1,427 498 1,451 41 Commercial 6 — — — 6 3 — Construction: Residential — — — — — — — Commercial — — — — — — — Total construction — — — — — — — Total $ 4,967 $ 3,399 $ 1,233 $ 4,632 $ 577 $ 4,397 $ 65 |
Troubled Debt Restructurings | The following tables show certain information regarding TDRs that occurred during the periods indicated: TDR Information for the Three Months Ended September 30, 2018 (dollars in thousands) Number Pre-mod Post-mod Financial Number that Recorded Financial Mortgage loans on real estate: Residential 1-4 — $ — $ — $ — — $ — $ — Commercial 4 1,326 1,324 (308 ) — — — Total mortgage loans on real estate 4 1,326 1,324 (308 ) — — — Consumer: Home equity lines of credit — — — — 1 128 — Home equity loans 1 478 478 — — — — Other — — — — — — — Total consumer loans 1 478 478 — 1 128 — Commercial 2 203 203 — — — — Construction: Residential — — — — — — — Commercial — — — — — — — Total construction — — — — — — — Total 7 $ 2,007 $ 2,005 $ (308 ) 1 $ 128 $ — TDR Information for the Nine Months Ended September 30, 2018 (dollars in thousands) Number Pre-mod Post-mod Financial Number that Recorded Financial Mortgage loans on real estate: Residential 1-4 — $ — $ — $ — — $ — $ — Commercial 6 1,743 1,741 (262 ) 1 169 — Total mortgage loans on real estate 6 1,743 1,741 (262 ) 1 169 — Consumer: Home equity lines of credit 1 133 138 — 1 128 — Home equity loans 2 599 599 — — — — Other — — — — — — — Total consumer loans 3 732 737 — 1 128 — Commercial 4 619 623 (3 ) 4 340 (2 ) Construction: Residential — — — — — — — Commercial — — — — — — — Total construction — — — — — — — Total 13 $ 3,094 $ 3,101 $ (265 ) 6 $ 637 $ (2 ) The following tables show certain information regarding TDRs that occurred during the periods indicated: TDR Information for the Three Months Ended September 30, 2017 (dollars in thousands) Number Pre-mod Post-mod Financial Number that Recorded Financial Mortgage loans on real estate: Residential 1-4 1 $ 939 $ 939 $ 169 1 $ 99 $ — Commercial 4 2,886 2,886 14 1 219 — Total mortgage loans on real estate 5 3,825 3,825 183 2 318 — Consumer: Home equity lines of credit — — — — — — — Home equity loans 1 252 252 — — — — Other — — — — — — — Total consumer loans 1 252 252 — — — — Commercial 8 1,109 1,109 28 — Construction: Residential 1 144 144 — — — — Commercial — — — — — — — Total construction 1 144 144 — — — — Total 15 $ 5,330 $ 5,330 $ 211 2 $ 318 $ — TDR Information for the Nine Months Ended September 30, 2017 (dollars in thousands) Number Pre-mod Post-mod Financial Number that Recorded Financial Mortgage loans on real estate: Residential 1-4 1 $ 939 $ 939 $ 169 2 $ 223 $ — Commercial 7 3,509 3,482 (111 ) 1 219 — Total mortgage loans on real estate 8 4,448 4,421 58 3 442 — Consumer: Home equity lines of credit 3 187 187 27 — — — Home equity loans 1 252 252 — — — — Other 1 14 14 11 — — — Total consumer loans 5 453 453 38 — — — Commercial 11 1,854 1,748 37 — Construction: Residential 1 144 144 — — — — Commercial — — — — — — — Total construction 1 144 144 — — — — Total 25 $ 6,899 $ 6,766 $ 133 3 $ 442 $ — |
Foreclosed Assets (Tables)
Foreclosed Assets (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Text Block [Abstract] | |
Summary of Activity in Balance of Foreclosed Assets | A summary of the activity in the balance of foreclosed assets follows (in thousands): Nine months ended September 30, 2018 2017 Beginning balance, net $ 3,226 $ 3,986 Additions/transfers from loans 536 726 Dispositions/sales (1,841 ) (1,479 ) Valuation adjustments (89 ) (162 ) Ending balance, net $ 1,832 $ 3,071 Ending valuation allowance $ (143 ) $ (248 ) Ending number of foreclosed assets 11 11 Proceeds from sale of foreclosed assets $ 2,206 $ 1,787 Gain on sale of foreclosed assets $ 390 $ 308 |
Premises and Equipment (Tables)
Premises and Equipment (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Property, Plant and Equipment [Abstract] | |
Summary of Premises and Equipment | Premises and equipment were comprised of: September 30, December 31, 2018 2017 (In thousands) Land & land improvements $ 28,958 $ 9,959 Buildings 64,178 50,340 Furniture and equipment 44,271 35,939 137,407 96,238 Less: Accumulated depreciation (49,073 ) (40,644 ) 88,334 55,594 Construction in progress 956 2,148 Total premises and equipment $ 89,290 $ 57,742 |
Goodwill and Other Intangible_2
Goodwill and Other Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Summary of Goodwill Intangible | The following table summarizes the Company’s goodwill intangible as of the dates indicated: September 30, December 31, (in thousands) 2018 Additions Reductions 2017 Goodwill $ 220,972 156,661 — $ 64,311 |
Summary of Core Deposit Intangibles | The following table summarizes the Company’s core deposit intangibles (CDI) as of the dates indicated: September 30, Reductions/ December 31, (in thousands) 2018 Additions Amortization 2017 Core deposit intangibles $ 37,163 27,605 — $ 9,558 Accumulated amortization (6,452 ) — $ (2,068 ) (4,384 ) Core deposit intangibles, net $ 30,711 27,605 $ (2,068 ) $ 5,174 |
Remaining Estimated Core Deposit Intangible Amortization | The following table summarizes the Company’s remaining estimated core deposit intangible amortization at September 30, 2018 (in thousands): Estimated Core Deposit Years Ended Intangible Amortization 2018 $ 1,431 2019 5,723 2020 5,723 2021 5,465 2022 4,776 Thereafter 7,593 |
Other Assets (Tables)
Other Assets (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Summary of Other Assets | Other assets were comprised of (in thousands): September 30, December 31, Deferred tax asset, net $ 31,963 $ 21,697 Investment in low income housing tax credit funds 23,572 16,854 Prepaid expense 3,420 4,111 Tax refund receivable 2,836 4,754 Capital trusts 1,712 1,706 Software 762 1,126 Life insurance proceeds receivable — 2,242 Miscellaneous other assets 6,332 2,561 Total other assets $ 70,597 $ 55,051 |
Deposits (Tables)
Deposits (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Banking and Thrift [Abstract] | |
Summary of Balances of Deposits | A summary of the balances of deposits follows (in thousands): September 30, December 31, Noninterest-bearing demand $ 1,710,505 $ 1,368,218 Interest-bearing demand 1,152,705 971,459 Savings 1,801,087 1,364,518 Time certificates, over $250,000 140,805 73,596 Other time certificates 288,015 231,340 Total deposits $ 5,093,117 $ 4,009,131 |
Other Liabilities (Tables)
Other Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Other Liabilities Disclosure [Abstract] | |
Components of Other Liabilities | Other liabilities were comprised of (in thousands): September 30, December 31, Pension liability $ 37,789 $ 28,472 Low income housing tax credit fund commitments 9,146 8,554 Deferred compensation 9,450 6,605 Accrued salaries and benefits expense 8,990 6,619 Joint beneficiary agreements 3,558 3,365 Loan escrow and servicing payable 2,821 1,958 Deferred revenue 1,978 1,228 Litigation contingency — 1,450 Miscellaneous other liabilities 8,345 8,171 Total other liabilities $ 82,077 $ 66,422 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Future Minimum Commitments under Non-Cancelable Operating Leases with Initial or Remaining Terms of One Year or More | At September 30, 2018, future minimum commitments under non-cancelable Operating Leases (in thousands) 2018 $ 1,179 2019 4,478 2020 3,774 2021 3,372 2022 2,549 Thereafter 4,097 Future minimum lease payments $ 19,449 |
Summary of Bank's Commitments and Contingent Liabilities | The following table presents a summary of the Bank’s commitments and contingent liabilities: (in thousands) September 30, December 31, Financial instruments whose amounts represent risk: Commitments to extend credit: Commercial loans $ 310,844 $ 257,220 Consumer loans 481,837 422,958 Real estate mortgage loans 149,003 66,267 Real estate construction loans 283,858 187,097 Standby letters of credit 11,277 13,075 Deposit account overdraft privilege 107,956 98,260 |
Stock Options and Other Equit_2
Stock Options and Other Equity-Based Incentive Instruments (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Stock Option Activity | Stock option activity during the nine months ended September 30, 2018 is summarized in the following table: Number Option Price Weighted Outstanding at December 31, 2017 446,400 $ 12.63 to $23.21 $ 16.84 Options granted — — to — — Options exercised (27,400 ) $ 15.34 to $23.21 $ 17.33 Options forfeited (3,000 ) $ 23.21 to $23.21 $ 23.21 Outstanding at September 30, 2018 416,000 $ 12.63 to $23.21 $ 16.77 |
Summary of Options Outstanding | The following table shows the number, weighted-average exercise price, intrinsic value, and weighted average remaining contractual life of options exercisable, options not yet exercisable and total options outstanding as of September 30, 2018: Currently Currently Not Total Number of options 413,000 3,000 416,000 Weighted average exercise price $ 16.72 $ 23.21 $ 16.77 Intrinsic value (in thousands) $ 9,045 $ 46 $ 9,091 Weighted average remaining contractual term (yrs.) 3.2 6.0 3.2 |
Restricted Stock Unit (RSU) Activity | Restricted stock unit (RSU) activity is summarized in the following table for the dates indicated: Service Condition Vesting RSUs Market Plus Service Number Weighted Number Weighted Outstanding at December 31, 2017 68,457 52,829 RSUs granted 38,605 $ 39.08 16,939 $ 36.40 Additional market plus service condition RSUs vested — 8,506 RSUs added through dividend credits 806 — RSUs released through vesting (32,516 ) (25,512 ) RSUs forfeited/expired (4,744 ) (5,478 ) Outstanding at September 30, 2018 70,608 47,284 |
Noninterest Income and Expense
Noninterest Income and Expense (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Other Income and Expenses [Abstract] | |
Components of Other Noninterest Income | The following table summarizes the Company’s noninterest income for the periods indicated (in thousands): Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 ATM and interchange fees $ 4,590 $ 4,209 $ 13,335 $ 12,472 Service charges on deposit accounts 4,015 4,160 11,407 12,102 Other service fees 676 917 2,020 2,521 Mortgage banking service fees 499 514 1,527 1,561 Change in value of mortgage servicing rights (37 ) (325 ) 38 (795 ) Total service charges and fees 9,743 9,475 28,327 27,861 Commissions on sale of non-deposit 728 672 2,414 1,984 Increase in cash value of life insurance 732 732 1,996 2,043 Gain on sale of loans 539 606 1,831 2,293 Lease brokerage income 186 234 514 601 Gain on sale of foreclosed assets 2 37 390 308 Sale of customer checks 88 89 327 287 Gain on sale of investment securities 207 961 207 961 Loss on disposal of fixed assets (152 ) (33 ) (206 ) (61 ) Loss on marketable equity securities (22 ) — (92 ) — Other 135 157 942 1,266 Total other noninterest income 2,443 3,455 8,323 9,682 Total noninterest income $ 12,186 $ 12,930 $ 36,650 $ 37,543 |
Components of Noninterest Expense | The components of noninterest expense were as follows (in thousands): Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Base salaries, net of deferred loan origination costs $ 17,051 $ 13,600 $ 45,442 $ 40,647 Incentive compensation 3,223 2,609 7,834 6,980 Benefits and other compensation costs 5,549 4,724 15,652 14,693 Total salaries and benefits expense 25,823 20,933 68,928 62,320 Occupancy 3,173 2,799 8,574 8,196 Data processing and software 2,786 2,495 7,979 7,332 Merger and acquisition expense 4,150 — 5,227 — Equipment 1,750 1,816 4,938 5,344 ATM and POS network charges 1,195 1,425 3,858 3,353 Advertising 1,341 1,039 3,214 3,173 Professional fees 929 901 2,475 2,357 Telecommunications 819 716 2,201 2,027 Regulatory assessments and insurance 537 427 1,384 1,252 Intangible amortization 1,390 339 2,068 1,050 Postage 275 325 934 1,058 Courier service 278 235 769 752 Operational losses 217 301 763 1,166 Foreclosed assets expense 93 41 297 117 Provision for (reversal of) foreclosed asset losses (1 ) 134 89 162 Other miscellaneous expense 2,623 3,296 9,712 9,289 Total other noninterest expense 21,555 16,289 54,482 46,628 Total noninterest expense $ 47,378 $ 37,222 $ 123,410 $ 108,948 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Earnings Per Share [Abstract] | |
Computation of Earnings Per Share | Earnings per share have been computed based on the following: Three months ended September 30, Nine months ended September 30, (in thousands) 2018 2017 2018 2017 Net income $ 16,170 $ 11,897 $ 45,109 $ 37,565 Average number of common shares outstanding 30,011 22,932 25,317 22,901 Effect of dilutive stock options and restricted stock 280 312 300 338 Average number of common shares outstanding used to calculate diluted earnings per share 30,291 23,244 25,617 23,239 Options excluded from diluted earnings per share because the effect of these options was antidilutive 10,000 — 10,000 — |
Comprehensive Income (Tables)
Comprehensive Income (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Equity [Abstract] | |
Components of Accumulated Other Comprehensive Loss | The components of accumulated other comprehensive loss, included in shareholders’ equity, are as follows: September 30, December 31, (in thousands) 2018 2017 Net unrealized loss on available for sale securities $ (33,051 ) (3,409 ) Tax effect 9,771 1,433 Unrealized holding loss on available for sale securities, net of tax (23,280 ) (1,976 ) Unfunded status of the supplemental retirement plans (5,010 ) (5,352 ) Tax effect 1,481 2,250 Unfunded status of the supplemental retirement plans, net of tax (3,529 ) (3,102 ) Joint beneficiary agreement liability (150 ) (150 ) Tax effect — — Joint beneficiary agreement liability, net of tax (150 ) (150 ) Accumulated other comprehensive loss $ (26,959 ) $ (5,228 ) |
Components of Other Comprehensive Income (Loss) and Related Tax Effects | The components of other comprehensive income (loss) and related tax effects are as follows: Three months ended September 30, Nine months ended September 30, (in thousands) 2018 2017 2018 2017 Unrealized holding gains (losses) on available for sale securities before reclassifications $ (8,193 ) $ 674 $ (29,134 ) $ 6,372 Amounts reclassified out of accumulated other comprehensive income: Realized gains on debt securities (207 ) (961 ) (207 ) (961 ) Adoption ASU 2016-01 — — 62 — Adoption ASU 2018-02 — — (425 ) — Total amounts reclassified out of accumulated other comprehensive income (207 ) (961 ) (570 ) (961 ) Unrealized holding gains (losses) on available for sale securities after reclassifications (8,400 ) (287 ) (29,704 ) 5,411 Tax effect 2,483 121 8,763 (2,274 ) Unrealized holding gains (losses) on available for sale securities, net of tax (5,917 ) (166 ) (20,941 ) 3,137 Change in unfunded status of the supplemental retirement — — 668 — Amounts reclassified out of accumulated other comprehensive income: Amortization of prior service cost (13 ) (1 ) (40 ) (5 ) Amortization of actuarial losses 128 96 382 288 Adoption ASU 2018-02 — — (668 ) — Total amounts reclassified out of accumulated other comprehensive income 115 95 (326 ) 283 Change in unfunded status of the supplemental retirement plans after reclassifications 115 95 342 283 Tax effect (34 ) (40 ) (101 ) (119 ) Change in unfunded status of the supplemental retirement plans, net of tax 81 55 241 164 Total other comprehensive income (loss) $ (5,836 ) $ (111 ) $ (20,700 ) $ 3,301 |
Fair Value Measurement (Tables)
Fair Value Measurement (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
Recorded Amount of Assets and Liabilities Measured at Fair Value on Recurring Basis | The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis (in thousands): Total Level 1 Level 2 Level 3 Fair value at September 30, 2018 Marketable equity securities $ 2,846 $ 2,846 $ — $ — Debt securities available for sale: Obligations of U.S. government agencies 638,876 — 638,876 — Obligations of states and political subdivisions 123,420 — 123,420 — Corporate bonds 4,431 — 4,431 — Asset backed securities 289,233 — 289,233 — Loans held for sale 3,824 — 3,824 — Mortgage servicing rights 7,122 — — 7,122 Total assets measured at fair value $ 1,069,752 $ 2,846 $ 1,059,784 $ 7,122 Total Level 1 Level 2 Level 3 Fair value at December 31, 2017 Marketable equity securities $ 2,938 $ 2,938 $ — $ — Debt securities available for sale: Obligations of U.S. government agencies 604,789 — 604,789 — Obligations of states and political subdivisions 123,156 — 123,156 — Loans held for sale 4,616 — 4,616 — Mortgage servicing rights 6,687 — — 6,687 Total assets measured at fair value $ 742,186 $ 2,938 $ 732,561 $ 6,687 |
Reconciliation of Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3) on Recurring Basis | The following table provides a reconciliation of assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the time periods indicated. Had there been any transfer into or out of Level 3 during the time periods indicated, the amount included in the “Transfers into (out of) Level 3” column would represent the beginning balance of an item in the period (interim quarter) during which it was transferred (in thousands): Beginning Transfers Change Issuances Ending Three months ended September 30, 2018: Mortgage servicing rights $ 7,021 — $ (37 ) $ 138 $ 7,122 2017: Mortgage servicing rights $ 6,596 — $ (325 ) $ 148 $ 6,419 Beginning Transfers Change Issuances Ending Nine months ended September 30, 2018: Mortgage servicing rights $ 6,687 — $ 38 $ 397 $ 7,122 2017: Mortgage servicing rights $ 6,595 — $ (795 ) $ 619 $ 6,419 |
Quantitative Information about Recurring Level 3 Fair Value Measurements | The following table presents quantitative information about recurring Level 3 fair value measurements at September 30, 2018: Fair Value Valuation Unobservable Range, (in thousands) Technique Inputs Average Mortgage Servicing Rights $ 7,122 Discounted Constant 4.8%-33%, 7.3% Discount rate 12%, 12% The following table presents quantitative information about recurring Level 3 fair value measurements at December 31, 2017: Fair Value Valuation Unobservable Range, (in thousands) Technique Inputs Average Mortgage Servicing Rights $ 6,687 Discounted Constant 6.2%-22.0%, 8.9% Discount rate 13.0%-15.0%, 13.0% |
Assets and Liabilities Measured at Fair Value on Nonrecurring Basis | The tables below present the recorded investment in assets and liabilities measured at fair value on a nonrecurring basis, as of the dates indicated (in thousands): Total Level 1 Level 2 Level 3 Total Gains Nine months ended September 30, 2018 Fair value: Impaired Originated & PNCI loans $ 445 — — $ 445 $ (808 ) Foreclosed assets 863 — — 863 (23 ) Total assets measured at fair value $ 1,308 — — $ 1,308 $ (831 ) Total Level 1 Level 2 Level 3 Total Gains Year ended December 31, 2017 Fair value: Impaired Originated & PNCI loans $ 2,767 — — $ 2,767 $ (1,452 ) Foreclosed assets 2,217 — — 2,217 (135 ) Total assets measured at fair value $ 4,984 — — $ 4,984 $ (1,587 ) Total Level 1 Level 2 Level 3 Total Gains Nine months ended September 30, 2017 Fair value: Impaired Originated & PNCI loans $ 1,026 — — $ 1,026 $ (892 ) Foreclosed assets 2,062 — — 2,062 (157 ) Total assets measured at fair value $ 3,088 — — $ 3,088 $ (1,049 ) |
Quantitative Information about Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Nonrecurring Basis | The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at September 30, 2018: Fair Value Valuation Range, (in thousands) Technique Unobservable Inputs Weighted Average September 30, 2018 Impaired Originated & PNCI loans $ 445 Sales comparison Adjustment for differences (55.8%) - 60%; (28%) Income approach Capitalization rate N/A Foreclosed assets (Residential real estate) $ 744 Sales comparison Adjustment for differences (47%) - 52%; 0.9% Foreclosed assets (Commercial real estate) $ 92 Sales comparison Adjustment for differences (65%) - 20%; (45%) Foreclosed assets (Land and construction) $ 27 Sales comparison Adjustment for differences Information not meaningful The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at December 31, 2017: Fair Value Valuation Range, (in thousands) Technique Unobservable Inputs Weighted Average December 31, 2017 Impaired Originated & PNCI loans $ 2,767 Sales comparison Adjustment for differences (74%) - 23%; (19.76%) Income approach Capitalization rate N/A Foreclosed assets (Land & construction) $ 1,341 Sales comparison Adjustment for differences (53%) - 283%; 167% Foreclosed assets (Residential real estate) $ 622 Sales comparison Adjustment for differences (47%) - 39%; (3.13%) Foreclosed assets (Commercial real estate) $ 254 Sales comparison Adjustment for differences (84%) - 19%; (84%) |
Estimated Fair Values of Financial Instruments that are Reported at Amortized Cost in Consolidated Balance Sheets | The estimated fair values of financial instruments that are reported at amortized cost in the Company’s condensed consolidated balance sheets, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value, were as follows (in thousands): September 30, 2018 December 31, 2017 Carrying Fair Carrying Fair Amount Value Amount Value Financial assets: Level 1 inputs: Cash and due from banks $ 109,363 $ 109,363 $ 105,968 $ 105,968 Cash at Federal Reserve and other banks 117,180 117,180 99,460 99,460 Level 2 inputs: Securities held to maturity 459,897 446,287 514,844 518,165 Restricted equity securities 17,250 N/A 16,956 N/A Level 3 inputs: Loans, net 3,995,833 3,987,841 2,984,842 2,992,225 Financial liabilities: Level 2 inputs: Deposits 5,093,117 5,088,024 4,009,131 4,006,620 Other borrowings 282,831 282,831 122,166 122,166 Level 3 inputs: Junior subordinated debt 56,996 58,930 56,858 58,466 Contract Fair Contract Fair Amount Value Amount Value Off-balance Level 3 inputs: Commitments $ 1,225,542 $ 12,255 $ 933,542 $ 9,335 Standby letters of credit 11,277 113 13,075 131 Overdraft privilege commitments 107,956 1,080 98,260 983 |
Regulatory Matters (Tables)
Regulatory Matters (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Banking and Thrift [Abstract] | |
Actual and Required Capital Ratios of Bank | The following tables present actual and required capital ratios as of September 30, 2018 and December 31, 2017 for the Company and the Bank under Basel III Capital Rules. The minimum capital amounts presented include the minimum required capital levels as of September 30, 2018 and December 31, 2017 based on the then phased-in phased-in. Minimum Capital Minimum Capital Required to be Required – Basel III Required – Basel III Considered Well Actual Phase-in Fully Phased In Capitalized Amount Ratio Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) As of September 30, 2018: Total Capital (to Risk Weighted Assets): Consolidated $ 664,197 13.90 % $ 471,956 9.875 % $ 501,826 10.50 % N/A N/A Tri Counties Bank $ 658,075 13.77 % $ 471,784 9.875 % $ 501,643 10.50 % $ 477,756 10.00 % Tier 1 Capital (to Risk Weighted Assets): Consolidated $ 630,294 13.19 % $ 376,370 7.875 % $ 406,240 8.50 % N/A N/A Tri Counties Bank $ 624,172 13.06 % $ 376,233 7.875 % $ 406,092 8.50 % $ 382,205 8.00 % Common equity Tier 1 Capital (to Risk Weighted Assets): Consolidated $ 575,010 12.03 % $ 304,680 6.375 % $ 334,551 7.00 % N/A N/A Tri Counties Bank $ 624,172 13.06 % $ 304,569 6.375 % $ 334,429 7.00 % $ 310,541 6.50 % Tier 1 Capital (to Average Assets): Consolidated $ 630,294 10.66 % $ 236,503 4.000 % $ 236,503 4.00 % N/A N/A Tri Counties Bank $ 624,172 10.56 % $ 236,496 4.000 % $ 236,496 4.00 % $ 295,620 5.00 % Minimum Capital Minimum Capital Required to be Required – Basel III Required – Basel III Considered Well Actual Phase-in Fully Phased In Capitalized Amount Ratio Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) As of December 31, 2017: Total Capital (to Risk Weighted Assets): Consolidated $ 528,805 14.07 % $ 347,694 9.250 % $ 394,679 10.50 % N/A N/A Tri Counties Bank $ 525,384 13.98 % $ 347,535 9.250 % $ 394,499 10.50 % $ 375,713 10.00 % Tier 1 Capital (to Risk Weighted Assets): Consolidated $ 495,318 13.18 % $ 272,517 7.250 % $ 319,502 8.50 % N/A N/A Tri Counties Bank $ 491,897 13.09 % $ 272,392 7.250 % $ 319,356 8.50 % $ 300,570 8.00 % Common equity Tier 1 Capital (to Risk Weighted Assets): Consolidated $ 440,643 11.72 % $ 216,134 5.750 % $ 263,120 7.00 % N/A N/A Tri Counties Bank $ 491,897 13.09 % $ 216,035 5.750 % $ 262,999 7.00 % $ 244,214 6.50 % Tier 1 Capital (to Average Assets): Consolidated $ 495,318 10.80 % $ 183,400 4.000 % $ 183,400 4.00 % N/A N/A Tri Counties Bank $ 491,897 10.73 % $ 183,394 4.000 % $ 183,394 4.00 % $ 229,243 5.00 % |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies - Additional Information (Detail) | 9 Months Ended | |
Sep. 30, 2018USD ($)OfficeTrustBranchBusiness | Jan. 01, 2018USD ($) | |
Significant Of Accounting Policies [Line Items] | ||
Number of subsidiary business trusts | Trust | 5 | |
Number of loan production offices | Office | 2 | |
Company's investments in the trusts | $ 1,741,000 | |
Tri Counties Bank [Member] | ||
Significant Of Accounting Policies [Line Items] | ||
Number of traditional operating branches | Branch | 69 | |
Number of in-store operating branches | Branch | 9 | |
California [Member] | ||
Significant Of Accounting Policies [Line Items] | ||
Number of counties | Business | 29 | |
ASU 2016-02 [Member] | Assets, Total [Member] | ||
Significant Of Accounting Policies [Line Items] | ||
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | $ 30,000,000 | |
ASU 2016-02 [Member] | Liabilities, Total [Member] | ||
Significant Of Accounting Policies [Line Items] | ||
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | $ 30,000,000 | |
ASU 2018-02 [Member] | Retained Earnings [Member] | ||
Significant Of Accounting Policies [Line Items] | ||
New accounting pronouncement or change in accounting principle cumulative effect of change on equity or net assets | $ 1,093,000 | |
ASU 2018-02 [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | ||
Significant Of Accounting Policies [Line Items] | ||
New accounting pronouncement or change in accounting principle cumulative effect of change on equity or net assets | $ (1,093,000) |
Business Combinations - Additio
Business Combinations - Additional Information (Detail) | Jul. 06, 2018USD ($)Branchesshares | Sep. 30, 2018USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($) |
Business Acquisition [Line Items] | |||||
Goodwill recognized | $ 220,972,000 | $ 220,972,000 | $ 64,311,000 | ||
PNCI [Member] | |||||
Business Acquisition [Line Items] | |||||
Receivables gross contractual amount | 866,189,000 | 866,189,000 | |||
Receivables fair value | 833,381,000 | 833,381,000 | |||
PCI [Member] | |||||
Business Acquisition [Line Items] | |||||
Receivables gross contractual amount | 1,683,000 | 1,683,000 | |||
Receivables fair value | 1,302,000 | 1,302,000 | |||
FNBB [Member] | |||||
Business Acquisition [Line Items] | |||||
Total consideration value | $ 291,132,000 | ||||
Issue of common stock shares | shares | 7,405,277 | ||||
Amount paid in exchange for the outstanding options | $ 6,700,000 | ||||
Number of branches added | Branches | 12 | ||||
Goodwill recognized | $ 156,661,000 | ||||
Recognized intangible related to acquisition | 27,605,000 | ||||
FNBB [Member] | Core Deposit Intangibles [Member] | |||||
Business Acquisition [Line Items] | |||||
Recognized intangible related to acquisition | $ 27,605,000 | ||||
Finite lived intangible asset estimated useful life | 6 years 2 months 12 days | ||||
Acquisition related costs | $ 4,150,000 | $ 5,227,000 | $ 0 |
Business Combinations - Schedul
Business Combinations - Schedule of Fair Value of Consideration Transferred, Identifiable Net Assets Acquired and Resulting Goodwill (Detail) - USD ($) $ in Thousands | Jul. 06, 2018 | Sep. 30, 2018 | Dec. 31, 2017 |
Liabilities assumed: | |||
Goodwill recognized | $ 220,972 | $ 64,311 | |
FNBB [Member] | |||
Fair value of consideration transferred: | |||
Fair value of shares issued | $ 284,437 | ||
Cash consideration | 6,695 | ||
Total fair value of consideration transferred | 291,132 | ||
Assets acquired: | |||
Cash and cash equivalents | 37,308 | ||
Securities available for sale | 335,667 | ||
Restricted equity securities | 7,723 | ||
Loans | 834,683 | ||
Premises and equipment | 30,522 | ||
Cash value of life insurance | 16,817 | ||
Core deposit intangible | 27,605 | ||
Other assets | 16,214 | ||
Total assets acquired | 1,306,539 | ||
Liabilities assumed: | |||
Deposits | 991,935 | ||
Other liabilities | 15,133 | ||
Total liabilities assumed | 1,172,068 | ||
Total net assets acquired | 134,471 | ||
Goodwill recognized | 156,661 | ||
FNBB [Member] | Federal Home Loan Bank of San Francisco [Member] | |||
Liabilities assumed: | |||
Short-term borrowings | $ 165,000 |
Business Combinations - Sched_2
Business Combinations - Schedule of Business Acquisition Pro-forma financial Information (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Summarized proforma income statement data: | ||||
Net interest income | $ 61,259 | $ 57,329 | $ 178,434 | $ 168,363 |
Provision for (benefit from) loan losses | 2,651 | 765 | 1,374 | (1,728) |
Noninterest income | 12,288 | 13,902 | 38,517 | 40,537 |
Noninterest expense | (40,850) | (45,983) | (135,048) | (135,218) |
Income before taxes | 30,046 | 24,483 | 80,529 | 75,410 |
Income taxes | 8,384 | 9,055 | 22,996 | 27,436 |
Net income | $ 21,662 | $ 15,428 | $ 57,533 | $ 47,974 |
Basic earnings per share | $ 0.72 | $ 0.51 | $ 1.76 | $ 1.58 |
Diluted earnings per share | $ 0.71 | $ 0.50 | $ 1.74 | $ 1.56 |
Investment Securities - Amortiz
Investment Securities - Amortized Cost and Estimated Fair Values of Investments in Debt Securities (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities Available for Sale, Amortized Cost | $ 1,089,011 | $ 731,292 |
Debt Securities Available for Sale, Gross Unrealized Gains | 516 | 2,583 |
Debt Securities Available for Sale, Gross Unrealized Losses | (33,567) | (5,930) |
Debt Securities Available for Sale, Estimated Fair Value | 1,055,960 | 727,945 |
Debt Securities Held to Maturity, Amortized Cost | 459,897 | 514,844 |
Debt Securities Held to Maturity, Gross Unrealized Gains | 146 | 5,247 |
Debt Securities Held to Maturity, Gross Unrealized Losses | (13,756) | (1,926) |
Debt Securities Held to Maturity, Estimated Fair Value | 446,287 | 518,165 |
Obligations of U.S. Government Agencies [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities Available for Sale, Amortized Cost | 666,021 | 609,695 |
Debt Securities Available for Sale, Gross Unrealized Gains | 163 | 695 |
Debt Securities Available for Sale, Gross Unrealized Losses | (27,308) | (5,601) |
Debt Securities Available for Sale, Estimated Fair Value | 638,876 | 604,789 |
Debt Securities Held to Maturity, Amortized Cost | 445,309 | 500,271 |
Debt Securities Held to Maturity, Gross Unrealized Gains | 88 | 5,101 |
Debt Securities Held to Maturity, Gross Unrealized Losses | (13,361) | (1,889) |
Debt Securities Held to Maturity, Estimated Fair Value | 432,036 | 503,483 |
Obligations of States and Political Subdivisions [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities Available for Sale, Amortized Cost | 129,072 | 121,597 |
Debt Securities Available for Sale, Gross Unrealized Gains | 107 | 1,888 |
Debt Securities Available for Sale, Gross Unrealized Losses | (5,759) | (329) |
Debt Securities Available for Sale, Estimated Fair Value | 123,420 | 123,156 |
Debt Securities Held to Maturity, Amortized Cost | 14,588 | 14,573 |
Debt Securities Held to Maturity, Gross Unrealized Gains | 58 | 146 |
Debt Securities Held to Maturity, Gross Unrealized Losses | (395) | (37) |
Debt Securities Held to Maturity, Estimated Fair Value | 14,251 | $ 14,682 |
Corporate Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities Available for Sale, Amortized Cost | 4,368 | |
Debt Securities Available for Sale, Gross Unrealized Gains | 65 | |
Debt Securities Available for Sale, Gross Unrealized Losses | (2) | |
Debt Securities Available for Sale, Estimated Fair Value | 4,431 | |
Asset-backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities Available for Sale, Amortized Cost | 289,550 | |
Debt Securities Available for Sale, Gross Unrealized Gains | 181 | |
Debt Securities Available for Sale, Gross Unrealized Losses | (498) | |
Debt Securities Available for Sale, Estimated Fair Value | $ 289,233 |
Investment Securities - Additio
Investment Securities - Additional Information (Detail) | 3 Months Ended | 6 Months Ended | 9 Months Ended | |||
Sep. 30, 2018USD ($)Investmentsecurities | Sep. 30, 2017USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Sep. 30, 2018USD ($)Investmentsecurities | Dec. 31, 2017USD ($) | |
Investment Securities [Line Items] | ||||||
Proceeds from sales of available for sale debt securities | $ 293,279,000 | $ 25,757,000 | ||||
Gross realized gains | 207,000 | $ 961,000 | ||||
Investment securities sold | $ 0 | $ 0 | ||||
Securities Pledged As Collateral | 548,123,000 | $ 548,123,000 | $ 285,596,000 | |||
Residential real estate mortgage-backed securities | $ 1,111,330,000 | $ 1,111,330,000 | ||||
Life of mortgage-backed securities | 6 years 1 month 6 days | |||||
Obligations of U.S. Government Agencies [Member] | ||||||
Investment Securities [Line Items] | ||||||
Available for sale securities in unrealized loss position | Investmentsecurities | 171 | 171 | ||||
Percentage of aggregate depreciation in unrealized losses | 3.70% | 3.70% | ||||
Obligations of States and Political Subdivisions [Member] | ||||||
Investment Securities [Line Items] | ||||||
Available for sale securities in unrealized loss position | Investmentsecurities | 132 | 132 | ||||
Percentage of aggregate depreciation in unrealized losses | 5.00% | 5.00% | ||||
Corporate Bonds [Member] | ||||||
Investment Securities [Line Items] | ||||||
Available for sale securities in unrealized loss position | Investmentsecurities | 1 | 1 | ||||
Percentage of aggregate depreciation in unrealized losses | 0.10% | 0.10% | ||||
Asset-backed Securities [Member] | ||||||
Investment Securities [Line Items] | ||||||
Available for sale securities in unrealized loss position | Investmentsecurities | 6 | 6 | ||||
Percentage of aggregate depreciation in unrealized losses | 0.60% | 0.60% |
Investment Securities - Amort_2
Investment Securities - Amortized Cost and Estimated Fair Value of Debt Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Investments, Debt and Equity Securities [Abstract] | ||
Due in one year, Amortized Cost | $ 2,435 | |
Due after one year through five years, Amortized Cost | 12,486 | |
Due after five years through ten years, Amortized Cost | 17,764 | |
Due after ten years, Amortized Cost | 1,056,326 | |
Totals, Amortized Cost | 1,089,011 | |
Due in one year, Estimated Fair Value | 2,434 | |
Due after one year through five years, Estimated Fair Value | 12,501 | |
Due after five years through ten years, Estimated Fair Value | 17,740 | |
Due after ten years, Estimated Fair Value | 1,023,285 | |
Totals, Estimated Fair Value | 1,055,960 | |
Due in one year, Amortized Cost, Held to Maturity | 0 | |
Due after one year through five years, Amortized Cost, Held to Maturity | 1,231 | |
Due after five years through ten years, Amortized Cost, Held to Maturity | 25,955 | |
Due after ten years, Amortized Cost, Held to Maturity | 432,711 | |
Totals, Amortized Cost, Held to Maturity | 459,897 | $ 514,844 |
Due in one year, Estimated Fair Value, Held to Maturity | 0 | |
Due after one year through five years, Estimated Fair Value, Held to Maturity | 1,240 | |
Due after five years through ten years, Estimated Fair Value, Held to Maturity | 25,210 | |
Due after ten years, Estimated Fair Value, Held to Maturity | 419,837 | |
Estimated Fair Value, Held to Maturity | $ 446,287 | $ 518,165 |
Investment Securities - Gross U
Investment Securities - Gross Unrealized Losses on Debt Securities (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities Available for Sale, Less than 12 months, Fair Value | $ 491,552 | $ 289,271 |
Debt Securities Available for Sale, Less than 12 months, Unrealized Loss | (14,998) | (2,211) |
Debt Securities Available for Sale, 12 months or more, Fair Value | 329,358 | 183,423 |
Debt Securities Available for Sale, 12 months or more, Unrealized Loss | (18,569) | (3,719) |
Debt Securities Available for Sale, Fair Value | 820,910 | 472,694 |
Debt Securities Available for Sale, Unrealized Loss | (33,567) | (5,930) |
Debt Securities Held to Maturity, Less than 12 months, Fair Value | 316,403 | 94,505 |
Debt Securities Held to Maturity, Less than 12 months, Unrealized Loss | (7,923) | (574) |
Debt Securities Held to Maturity, 12 months or more, Fair Value | 112,388 | 98,004 |
Debt Securities Held to Maturity, 12 months or more, Unrealized Loss | (5,833) | (1,352) |
Debt Securities Held to Maturity, Fair Value | 428,791 | 192,509 |
Debt Securities Held to Maturity, Unrealized Loss | (13,756) | (1,926) |
Obligations of U.S. Government Agencies [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities Available for Sale, Less than 12 months, Fair Value | 323,972 | 284,367 |
Debt Securities Available for Sale, Less than 12 months, Unrealized Loss | (10,839) | (2,176) |
Debt Securities Available for Sale, 12 months or more, Fair Value | 311,035 | 166,338 |
Debt Securities Available for Sale, 12 months or more, Unrealized Loss | (16,469) | (3,425) |
Debt Securities Available for Sale, Fair Value | 635,007 | 450,705 |
Debt Securities Available for Sale, Unrealized Loss | (27,308) | (5,601) |
Debt Securities Held to Maturity, Less than 12 months, Fair Value | 307,432 | 93,017 |
Debt Securities Held to Maturity, Less than 12 months, Unrealized Loss | (7,693) | (567) |
Debt Securities Held to Maturity, 12 months or more, Fair Value | 109,312 | 95,367 |
Debt Securities Held to Maturity, 12 months or more, Unrealized Loss | (5,668) | (1,322) |
Debt Securities Held to Maturity, Fair Value | 416,744 | 188,384 |
Debt Securities Held to Maturity, Unrealized Loss | (13,361) | (1,889) |
Obligations of States and Political Subdivisions [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities Available for Sale, Less than 12 months, Fair Value | 85,668 | 4,904 |
Debt Securities Available for Sale, Less than 12 months, Unrealized Loss | (3,659) | (35) |
Debt Securities Available for Sale, 12 months or more, Fair Value | 18,323 | 17,085 |
Debt Securities Available for Sale, 12 months or more, Unrealized Loss | (2,100) | (294) |
Debt Securities Available for Sale, Fair Value | 103,991 | 21,989 |
Debt Securities Available for Sale, Unrealized Loss | (5,759) | (329) |
Debt Securities Held to Maturity, Less than 12 months, Fair Value | 8,971 | 1,488 |
Debt Securities Held to Maturity, Less than 12 months, Unrealized Loss | (230) | (7) |
Debt Securities Held to Maturity, 12 months or more, Fair Value | 3,076 | 2,637 |
Debt Securities Held to Maturity, 12 months or more, Unrealized Loss | (165) | (30) |
Debt Securities Held to Maturity, Fair Value | 12,047 | 4,125 |
Debt Securities Held to Maturity, Unrealized Loss | (395) | $ (37) |
Corporate Bonds [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities Available for Sale, Less than 12 months, Fair Value | 1,969 | |
Debt Securities Available for Sale, Less than 12 months, Unrealized Loss | (2) | |
Debt Securities Available for Sale, Fair Value | 1,969 | |
Debt Securities Available for Sale, Unrealized Loss | (2) | |
Asset-backed Securities [Member] | ||
Debt Securities, Available-for-sale [Line Items] | ||
Debt Securities Available for Sale, Less than 12 months, Fair Value | 79,943 | |
Debt Securities Available for Sale, Less than 12 months, Unrealized Loss | (498) | |
Debt Securities Available for Sale, Fair Value | 79,943 | |
Debt Securities Available for Sale, Unrealized Loss | $ (498) |
Loans - Summary of Loan Balance
Loans - Summary of Loan Balances (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total principal balance of loans owed, net of charge-offs | $ 4,082,558 | $ 3,038,472 | ||||
Unamortized net deferred loan fees | (10,190) | (8,651) | ||||
Discounts to principal balance of loans owed, net of charge-offs | (44,932) | (14,656) | ||||
Total loans, net of unamortized deferred loan fees and discounts | 4,027,436 | 3,015,165 | $ 2,931,613 | |||
Allowance for loan losses | (31,603) | $ (29,524) | (30,323) | (28,747) | $ (28,143) | $ (32,503) |
Mortgage Loans on Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 3,132,202 | 2,300,322 | 2,194,874 | |||
Allowance for loan losses | (15,279) | (13,598) | (13,758) | (13,588) | (12,614) | (14,265) |
Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 421,285 | 356,874 | 361,320 | |||
Allowance for loan losses | (7,514) | (7,137) | (8,227) | (8,302) | (9,155) | (10,310) |
Commercial Portfolio Segment [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 289,647 | 220,412 | 227,479 | |||
Allowance for loan losses | (6,224) | (6,378) | (6,512) | (4,802) | (4,729) | (5,831) |
Construction [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 184,302 | 137,557 | 147,940 | |||
Allowance for loan losses | (2,586) | (2,411) | (1,826) | (2,055) | (1,645) | (2,097) |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 524,414 | 385,426 | 391,072 | |||
Allowance for loan losses | (2,400) | (1,991) | (2,317) | (2,218) | (2,495) | (2,748) |
Home Equity Loans [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 40,693 | 43,031 | 45,033 | |||
Allowance for loan losses | (1,593) | (1,532) | (1,841) | (1,991) | (2,354) | (2,644) |
Other Consumer [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 49,456 | 25,155 | 26,781 | |||
Allowance for loan losses | (700) | (557) | (586) | (590) | (645) | (622) |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 2,607,788 | 1,914,896 | 1,803,802 | |||
Allowance for loan losses | (12,879) | (11,607) | (11,441) | (11,370) | (10,119) | (11,517) |
Commercial [Member] | Construction [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 69,728 | 69,627 | 72,820 | |||
Allowance for loan losses | (960) | (977) | (642) | (625) | (466) | (680) |
Home Equity Lines of Credit [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 331,136 | 288,688 | 289,506 | |||
Allowance for loan losses | (5,221) | (5,048) | (5,800) | (5,721) | (6,156) | (7,044) |
Residential [Member] | Construction [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 114,574 | 67,930 | 75,120 | |||
Allowance for loan losses | (1,626) | $ (1,434) | (1,184) | $ (1,430) | $ (1,179) | $ (1,417) |
Originated [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total principal balance of loans owed, net of charge-offs | 2,940,897 | 2,699,053 | ||||
Unamortized net deferred loan fees | (10,190) | (8,651) | ||||
Total loans, net of unamortized deferred loan fees and discounts | 2,930,707 | 2,690,402 | ||||
Allowance for loan losses | (30,927) | (29,122) | ||||
Originated [Member] | Mortgage Loans on Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 2,204,119 | 2,011,032 | ||||
Originated [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 346,806 | 332,649 | ||||
Originated [Member] | Commercial Portfolio Segment [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 234,741 | 209,437 | ||||
Originated [Member] | Construction [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 145,041 | 137,284 | ||||
Originated [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 340,515 | 320,522 | ||||
Originated [Member] | Home Equity Loans [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 35,556 | 39,848 | ||||
Originated [Member] | Other Consumer [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 26,294 | 22,859 | ||||
Originated [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 1,863,604 | 1,690,510 | ||||
Originated [Member] | Commercial [Member] | Construction [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 63,508 | 69,364 | ||||
Originated [Member] | Home Equity Lines of Credit [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 284,956 | 269,942 | ||||
Originated [Member] | Residential [Member] | Construction [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 81,533 | 67,920 | ||||
PNCI [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total principal balance of loans owed, net of charge-offs | 1,120,654 | 316,238 | ||||
Discounts to principal balance of loans owed, net of charge-offs | (37,723) | (7,035) | ||||
Total loans, net of unamortized deferred loan fees and discounts | 1,082,931 | 309,203 | ||||
Allowance for loan losses | (566) | (929) | ||||
PNCI [Member] | Mortgage Loans on Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 918,500 | 279,342 | ||||
PNCI [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 72,691 | 21,197 | ||||
PNCI [Member] | Commercial Portfolio Segment [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 52,479 | 8,391 | ||||
PNCI [Member] | Construction [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 39,261 | 273 | ||||
PNCI [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 182,201 | 63,519 | ||||
PNCI [Member] | Home Equity Loans [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 4,690 | 2,698 | ||||
PNCI [Member] | Other Consumer [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 23,120 | 2,251 | ||||
PNCI [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 736,299 | 215,823 | ||||
PNCI [Member] | Commercial [Member] | Construction [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 6,220 | 263 | ||||
PNCI [Member] | Home Equity Lines of Credit [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 44,881 | 16,248 | ||||
PNCI [Member] | Residential [Member] | Construction [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 33,041 | 10 | ||||
PCI [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total principal balance of loans owed, net of charge-offs | 21,007 | 23,181 | ||||
Discounts to principal balance of loans owed, net of charge-offs | (7,209) | (7,621) | ||||
Total loans, net of unamortized deferred loan fees and discounts | 13,798 | 15,560 | ||||
Allowance for loan losses | (110) | (272) | ||||
PCI [Member] | Mortgage Loans on Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 9,583 | 9,948 | ||||
PCI [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 1,788 | 3,028 | ||||
PCI [Member] | Commercial Portfolio Segment [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 2,427 | 2,584 | ||||
PCI [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 1,698 | 1,385 | ||||
PCI [Member] | Home Equity Loans [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 447 | 485 | ||||
PCI [Member] | Other Consumer [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 42 | 45 | ||||
PCI [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 7,885 | 8,563 | ||||
PCI [Member] | Home Equity Lines of Credit [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | $ 1,299 | $ 2,498 |
Loans - Change in Accretable Yi
Loans - Change in Accretable Yield for PCI (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Change in accretable yield: | ||||
Balance at beginning of period | $ 3,996 | $ 7,956 | $ 4,262 | $ 10,348 |
Accretion to interest income | (253) | (594) | (769) | (2,554) |
Reclassification (to) from nonaccretable difference | (47) | (2,893) | 203 | (3,325) |
Balance at end of period | $ 3,696 | $ 4,469 | $ 3,696 | $ 4,469 |
Allowance for Loan Losses - Sum
Allowance for Loan Losses - Summary of Activity in Allowance for Loan Losses (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Loans and Leases Receivable Disclosure [Line Items] | |||||
Beginning Balance | $ 29,524 | $ 28,143 | $ 30,323 | $ 32,503 | $ 32,503 |
Charge-offs | (1,142) | (861) | (1,940) | (3,782) | (4,410) |
Recoveries | 570 | 700 | 1,443 | 1,614 | 2,141 |
Provision (benefit) | 2,651 | 765 | 1,777 | (1,588) | 89 |
Ending Balance | 31,603 | 28,747 | 31,603 | 28,747 | 30,323 |
Mortgage Loans on Real Estate [Member] | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Beginning Balance | 13,598 | 12,614 | 13,758 | 14,265 | 14,265 |
Charge-offs | (25) | (80) | (92) | (230) | (246) |
Recoveries | 15 | 238 | 51 | 365 | 397 |
Provision (benefit) | 1,691 | 816 | 1,562 | (812) | (658) |
Ending Balance | 15,279 | 13,588 | 15,279 | 13,588 | 13,758 |
Mortgage Loans on Real Estate [Member] | Commercial [Member] | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Beginning Balance | 11,607 | 10,119 | 11,441 | 11,517 | 11,517 |
Charge-offs | (20) | (15) | (170) | (186) | |
Recoveries | 15 | 238 | 51 | 365 | 397 |
Provision (benefit) | 1,257 | 1,033 | 1,402 | (342) | (287) |
Ending Balance | 12,879 | 11,370 | 12,879 | 11,370 | 11,441 |
Consumer [Member] | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Beginning Balance | 7,137 | 9,155 | 8,227 | 10,310 | 10,310 |
Charge-offs | (424) | (457) | (896) | (1,260) | (1,616) |
Recoveries | 353 | 401 | 1,061 | 933 | 1,315 |
Provision (benefit) | 448 | (797) | (878) | (1,681) | (1,782) |
Ending Balance | 7,514 | 8,302 | 7,514 | 8,302 | 8,227 |
Consumer [Member] | Home Equity Lines of Credit [Member] | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Beginning Balance | 5,048 | 6,156 | 5,800 | 7,044 | 7,044 |
Charge-offs | (172) | (14) | (276) | (98) | (98) |
Recoveries | 151 | 189 | 677 | 487 | 698 |
Provision (benefit) | 194 | (610) | (980) | (1,712) | (1,844) |
Ending Balance | 5,221 | 5,721 | 5,221 | 5,721 | 5,800 |
Commercial Portfolio Segment [Member] | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Beginning Balance | 6,378 | 4,729 | 6,512 | 5,831 | 5,831 |
Charge-offs | (693) | (291) | (952) | (1,188) | (1,444) |
Recoveries | 202 | 61 | 331 | 315 | 428 |
Provision (benefit) | 337 | 303 | 333 | (156) | 1,697 |
Ending Balance | 6,224 | 4,802 | 6,224 | 4,802 | 6,512 |
Construction [Member] | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Beginning Balance | 2,411 | 1,645 | 1,826 | 2,097 | 2,097 |
Charge-offs | (33) | (1,104) | (1,104) | ||
Recoveries | 1 | 1 | |||
Provision (benefit) | 175 | 443 | 760 | 1,061 | 832 |
Ending Balance | 2,586 | 2,055 | 2,586 | 2,055 | 1,826 |
Construction [Member] | Commercial [Member] | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Beginning Balance | 977 | 466 | 642 | 680 | 680 |
Recoveries | 1 | 1 | |||
Provision (benefit) | (17) | 159 | 318 | (56) | (39) |
Ending Balance | 960 | 625 | 960 | 625 | 642 |
Construction [Member] | Residential [Member] | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Beginning Balance | 1,434 | 1,179 | 1,184 | 1,417 | 1,417 |
Charge-offs | (33) | (1,104) | (1,104) | ||
Provision (benefit) | 192 | 284 | 442 | 1,117 | 871 |
Ending Balance | 1,626 | 1,430 | 1,626 | 1,430 | 1,184 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Beginning Balance | 1,991 | 2,495 | 2,317 | 2,748 | 2,748 |
Charge-offs | (25) | (60) | (77) | (60) | (60) |
Provision (benefit) | 434 | (217) | 160 | (470) | (371) |
Ending Balance | 2,400 | 2,218 | 2,400 | 2,218 | 2,317 |
Home Equity Loans [Member] | Consumer [Member] | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Beginning Balance | 1,532 | 2,354 | 1,841 | 2,644 | 2,644 |
Charge-offs | (23) | (94) | (23) | (331) | (332) |
Recoveries | 139 | 121 | 176 | 146 | 242 |
Provision (benefit) | (55) | (390) | (401) | (468) | (713) |
Ending Balance | 1,593 | 1,991 | 1,593 | 1,991 | 1,841 |
Other Consumer [Member] | Consumer [Member] | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Beginning Balance | 557 | 645 | 586 | 622 | 622 |
Charge-offs | (229) | (349) | (597) | (831) | (1,186) |
Recoveries | 63 | 91 | 208 | 300 | 375 |
Provision (benefit) | 309 | 203 | 503 | 499 | 775 |
Ending Balance | $ 700 | $ 590 | $ 700 | $ 590 | $ 586 |
Allowance for Loan Losses - S_2
Allowance for Loan Losses - Summary of Activity in Allowance for Loan Losses, Net of Unearned Fees for Periods Indicated (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 |
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Individually evaluated for impairment | $ 2,628 | $ 2,699 | $ 2,140 | |||
Allowance for Loan Losses, Loans pooled for evaluation | 28,865 | 27,352 | 26,320 | |||
Total allowance for loan losses | 31,603 | $ 29,524 | 30,323 | 28,747 | $ 28,143 | $ 32,503 |
Loans, Net of Unearned fees , Individually evaluated for impairment | 27,494 | 28,234 | 32,225 | |||
Loans, Net of Unearned fees , Loans pooled for evaluation | 3,986,144 | 2,971,371 | 2,883,384 | |||
Total loans, net of unamortized deferred loan fees and discounts | 4,027,436 | 3,015,165 | 2,931,613 | |||
Mortgage Loans on Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Individually evaluated for impairment | 325 | 260 | 313 | |||
Allowance for Loan Losses, Loans pooled for evaluation | 14,865 | 13,283 | 13,000 | |||
Total allowance for loan losses | 15,279 | 13,598 | 13,758 | 13,588 | 12,614 | 14,265 |
Loans, Net of Unearned fees , Individually evaluated for impairment | 18,025 | 19,209 | 24,815 | |||
Loans, Net of Unearned fees , Loans pooled for evaluation | 3,104,594 | 2,271,165 | 2,160,483 | |||
Total loans, net of unamortized deferred loan fees and discounts | 3,132,202 | 2,300,322 | 2,194,874 | |||
Mortgage Loans on Real Estate [Member] | Commercial [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Individually evaluated for impairment | 268 | 30 | 73 | |||
Allowance for Loan Losses, Loans pooled for evaluation | 12,552 | 11,351 | 11,022 | |||
Total allowance for loan losses | 12,879 | 11,607 | 11,441 | 11,370 | 10,119 | 11,517 |
Loans, Net of Unearned fees , Individually evaluated for impairment | 13,244 | 13,911 | 19,788 | |||
Loans, Net of Unearned fees , Loans pooled for evaluation | 2,586,659 | 1,892,422 | 1,775,843 | |||
Total loans, net of unamortized deferred loan fees and discounts | 2,607,788 | 1,914,896 | 1,803,802 | |||
Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Individually evaluated for impairment | 446 | 591 | 551 | |||
Allowance for Loan Losses, Loans pooled for evaluation | 7,061 | 7,619 | 7,739 | |||
Total allowance for loan losses | 7,514 | 7,137 | 8,227 | 8,302 | 9,155 | 10,310 |
Loans, Net of Unearned fees , Individually evaluated for impairment | 4,837 | 4,415 | 4,328 | |||
Loans, Net of Unearned fees , Loans pooled for evaluation | 414,660 | 349,431 | 353,259 | |||
Total loans, net of unamortized deferred loan fees and discounts | 421,285 | 356,874 | 361,320 | |||
Consumer [Member] | Home Equity Lines of Credit [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Individually evaluated for impairment | 168 | 427 | 363 | |||
Allowance for Loan Losses, Loans pooled for evaluation | 5,046 | 5,356 | 5,346 | |||
Total allowance for loan losses | 5,221 | 5,048 | 5,800 | 5,721 | 6,156 | 7,044 |
Loans, Net of Unearned fees , Individually evaluated for impairment | 2,188 | 2,688 | 2,219 | |||
Loans, Net of Unearned fees , Loans pooled for evaluation | 327,649 | 283,502 | 284,335 | |||
Total loans, net of unamortized deferred loan fees and discounts | 331,136 | 288,688 | 289,506 | |||
Commercial Portfolio Segment [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Individually evaluated for impairment | 1,857 | 1,848 | 1,276 | |||
Allowance for Loan Losses, Loans pooled for evaluation | 4,353 | 4,624 | 3,526 | |||
Total allowance for loan losses | 6,224 | 6,378 | 6,512 | 4,802 | 4,729 | 5,831 |
Loans, Net of Unearned fees , Individually evaluated for impairment | 4,632 | 4,470 | 2,938 | |||
Loans, Net of Unearned fees , Loans pooled for evaluation | 282,588 | 213,358 | 221,846 | |||
Total loans, net of unamortized deferred loan fees and discounts | 289,647 | 220,412 | 227,479 | |||
Construction [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Loans pooled for evaluation | 2,586 | 1,826 | 2,055 | |||
Total allowance for loan losses | 2,586 | 2,411 | 1,826 | 2,055 | 1,645 | 2,097 |
Loans, Net of Unearned fees , Individually evaluated for impairment | 140 | 144 | ||||
Loans, Net of Unearned fees , Loans pooled for evaluation | 184,302 | 137,417 | 147,796 | |||
Total loans, net of unamortized deferred loan fees and discounts | 184,302 | 137,557 | 147,940 | |||
Construction [Member] | Commercial [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Loans pooled for evaluation | 960 | 642 | 625 | |||
Total allowance for loan losses | 960 | 977 | 642 | 625 | 466 | 680 |
Loans, Net of Unearned fees , Loans pooled for evaluation | 69,728 | 69,627 | 72,820 | |||
Total loans, net of unamortized deferred loan fees and discounts | 69,728 | 69,627 | 72,820 | |||
Construction [Member] | Residential [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Loans pooled for evaluation | 1,626 | 1,184 | 1,430 | |||
Total allowance for loan losses | 1,626 | 1,434 | 1,184 | 1,430 | 1,179 | 1,417 |
Loans, Net of Unearned fees , Individually evaluated for impairment | 140 | 144 | ||||
Loans, Net of Unearned fees , Loans pooled for evaluation | 114,574 | 67,790 | 74,976 | |||
Total loans, net of unamortized deferred loan fees and discounts | 114,574 | 67,930 | 75,120 | |||
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Individually evaluated for impairment | 57 | 230 | 240 | |||
Allowance for Loan Losses, Loans pooled for evaluation | 2,313 | 1,932 | 1,978 | |||
Total allowance for loan losses | 2,400 | 1,991 | 2,317 | 2,218 | 2,495 | 2,748 |
Loans, Net of Unearned fees , Individually evaluated for impairment | 4,781 | 5,298 | 5,027 | |||
Loans, Net of Unearned fees , Loans pooled for evaluation | 517,935 | 378,743 | 384,640 | |||
Total loans, net of unamortized deferred loan fees and discounts | 524,414 | 385,426 | 391,072 | |||
Home Equity Loans [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Individually evaluated for impairment | 175 | 107 | 111 | |||
Allowance for Loan Losses, Loans pooled for evaluation | 1,418 | 1,734 | 1,880 | |||
Total allowance for loan losses | 1,593 | 1,532 | 1,841 | 1,991 | 2,354 | 2,644 |
Loans, Net of Unearned fees , Individually evaluated for impairment | 2,406 | 1,470 | 1,842 | |||
Loans, Net of Unearned fees , Loans pooled for evaluation | 37,840 | 41,076 | 42,454 | |||
Total loans, net of unamortized deferred loan fees and discounts | 40,693 | 43,031 | 45,033 | |||
Other Consumer [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Individually evaluated for impairment | 103 | 57 | 77 | |||
Allowance for Loan Losses, Loans pooled for evaluation | 597 | 529 | 513 | |||
Total allowance for loan losses | 700 | $ 557 | 586 | 590 | $ 645 | $ 622 |
Loans, Net of Unearned fees , Individually evaluated for impairment | 243 | 257 | 267 | |||
Loans, Net of Unearned fees , Loans pooled for evaluation | 49,171 | 24,853 | 26,470 | |||
Total loans, net of unamortized deferred loan fees and discounts | 49,456 | 25,155 | 26,781 | |||
Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Loans acquired with deteriorated credit quality | 110 | 272 | 287 | |||
Total loans, net of unamortized deferred loan fees and discounts | 13,798 | 15,560 | 16,004 | |||
Financial Asset Acquired with Credit Deterioration [Member] | Mortgage Loans on Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Loans acquired with deteriorated credit quality | 89 | 215 | 275 | |||
Total loans, net of unamortized deferred loan fees and discounts | 9,583 | 9,948 | 9,576 | |||
Financial Asset Acquired with Credit Deterioration [Member] | Mortgage Loans on Real Estate [Member] | Commercial [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Loans acquired with deteriorated credit quality | 59 | 60 | 275 | |||
Total loans, net of unamortized deferred loan fees and discounts | 7,885 | 8,563 | 8,171 | |||
Financial Asset Acquired with Credit Deterioration [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Loans acquired with deteriorated credit quality | 7 | 17 | 12 | |||
Total loans, net of unamortized deferred loan fees and discounts | 1,788 | 3,028 | 3,733 | |||
Financial Asset Acquired with Credit Deterioration [Member] | Consumer [Member] | Home Equity Lines of Credit [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Loans acquired with deteriorated credit quality | 7 | 17 | 12 | |||
Total loans, net of unamortized deferred loan fees and discounts | 1,299 | 2,498 | 2,952 | |||
Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Loans acquired with deteriorated credit quality | 14 | 40 | ||||
Total loans, net of unamortized deferred loan fees and discounts | 2,427 | 2,584 | 2,695 | |||
Financial Asset Acquired with Credit Deterioration [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Allowance for Loan Losses, Loans acquired with deteriorated credit quality | 30 | 155 | ||||
Total loans, net of unamortized deferred loan fees and discounts | 1,698 | 1,385 | 1,405 | |||
Financial Asset Acquired with Credit Deterioration [Member] | Home Equity Loans [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | 447 | 485 | 737 | |||
Financial Asset Acquired with Credit Deterioration [Member] | Other Consumer [Member] | Consumer [Member] | ||||||
Loans and Leases Receivable Disclosure [Line Items] | ||||||
Total loans, net of unamortized deferred loan fees and discounts | $ 42 | $ 45 | $ 44 |
Allowance for Loan Losses - Sch
Allowance for Loan Losses - Schedule Credit Quality Indicators (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 |
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | $ 4,027,436 | $ 3,015,165 | $ 2,931,613 |
Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 3,132,202 | 2,300,322 | 2,194,874 |
Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 421,285 | 356,874 | 361,320 |
Commercial Portfolio Segment [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 289,647 | 220,412 | 227,479 |
Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 184,302 | 137,557 | 147,940 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 524,414 | 385,426 | 391,072 |
Home Equity Loans [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 40,693 | 43,031 | 45,033 |
Other Consumer [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 49,456 | 25,155 | 26,781 |
Originated [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 2,930,707 | 2,690,402 | |
Originated [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 2,204,119 | 2,011,032 | |
Originated [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 346,806 | 332,649 | |
Originated [Member] | Commercial Portfolio Segment [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 234,741 | 209,437 | |
Originated [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 145,041 | 137,284 | |
Originated [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 340,515 | 320,522 | |
Originated [Member] | Home Equity Loans [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 35,556 | 39,848 | |
Originated [Member] | Other Consumer [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 26,294 | 22,859 | |
PNCI [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 1,082,931 | 309,203 | |
PNCI [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 918,500 | 279,342 | |
PNCI [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 72,691 | 21,197 | |
PNCI [Member] | Commercial Portfolio Segment [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 52,479 | 8,391 | |
PNCI [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 39,261 | 273 | |
PNCI [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 182,201 | 63,519 | |
PNCI [Member] | Home Equity Loans [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 4,690 | 2,698 | |
PNCI [Member] | Other Consumer [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 23,120 | 2,251 | |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 2,607,788 | 1,914,896 | 1,803,802 |
Commercial [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 69,728 | 69,627 | 72,820 |
Commercial [Member] | Originated [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 1,863,604 | 1,690,510 | |
Commercial [Member] | Originated [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 63,508 | 69,364 | |
Commercial [Member] | PNCI [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 736,299 | 215,823 | |
Commercial [Member] | PNCI [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 6,220 | 263 | |
Home Equity Lines of Credit [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 331,136 | 288,688 | 289,506 |
Home Equity Lines of Credit [Member] | Originated [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 284,956 | 269,942 | |
Home Equity Lines of Credit [Member] | PNCI [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 44,881 | 16,248 | |
Residential [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 114,574 | 67,930 | $ 75,120 |
Residential [Member] | Originated [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 81,533 | 67,920 | |
Residential [Member] | PNCI [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 33,041 | 10 | |
Pass [Member] | Originated [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 2,860,727 | 2,617,171 | |
Pass [Member] | Originated [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 2,156,897 | 1,964,453 | |
Pass [Member] | Originated [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 339,607 | 325,205 | |
Pass [Member] | Originated [Member] | Commercial Portfolio Segment [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 220,328 | 195,208 | |
Pass [Member] | Originated [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 143,895 | 132,305 | |
Pass [Member] | Originated [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 334,902 | 315,120 | |
Pass [Member] | Originated [Member] | Home Equity Loans [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 32,242 | 37,428 | |
Pass [Member] | Originated [Member] | Other Consumer [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 25,885 | 22,432 | |
Pass [Member] | PNCI [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 1,070,749 | 293,331 | |
Pass [Member] | PNCI [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 908,895 | 265,162 | |
Pass [Member] | PNCI [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 70,960 | 19,506 | |
Pass [Member] | PNCI [Member] | Commercial Portfolio Segment [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 51,633 | 8,390 | |
Pass [Member] | PNCI [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 39,261 | 273 | |
Pass [Member] | PNCI [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 179,634 | 61,411 | |
Pass [Member] | PNCI [Member] | Home Equity Loans [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 4,471 | 2,433 | |
Pass [Member] | PNCI [Member] | Other Consumer [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 23,083 | 2,207 | |
Pass [Member] | Commercial [Member] | Originated [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 1,821,995 | 1,649,333 | |
Pass [Member] | Commercial [Member] | Originated [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 62,660 | 64,492 | |
Pass [Member] | Commercial [Member] | PNCI [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 729,261 | 203,751 | |
Pass [Member] | Commercial [Member] | PNCI [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 6,220 | 263 | |
Pass [Member] | Home Equity Lines of Credit [Member] | Originated [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 281,480 | 265,345 | |
Pass [Member] | Home Equity Lines of Credit [Member] | PNCI [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 43,406 | 14,866 | |
Pass [Member] | Residential [Member] | Originated [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 81,235 | 67,813 | |
Pass [Member] | Residential [Member] | PNCI [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 33,041 | 10 | |
Special Mention [Member] | Originated [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 44,346 | 38,662 | |
Special Mention [Member] | Originated [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 30,437 | 20,668 | |
Special Mention [Member] | Originated [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 3,087 | 3,630 | |
Special Mention [Member] | Originated [Member] | Commercial Portfolio Segment [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 9,942 | 9,492 | |
Special Mention [Member] | Originated [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 880 | 4,872 | |
Special Mention [Member] | Originated [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 1,690 | 2,234 | |
Special Mention [Member] | Originated [Member] | Home Equity Loans [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 1,006 | 800 | |
Special Mention [Member] | Originated [Member] | Other Consumer [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 334 | 272 | |
Special Mention [Member] | PNCI [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 6,066 | 12,408 | |
Special Mention [Member] | PNCI [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 4,358 | 11,731 | |
Special Mention [Member] | PNCI [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 974 | 676 | |
Special Mention [Member] | PNCI [Member] | Commercial Portfolio Segment [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 734 | 1 | |
Special Mention [Member] | PNCI [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 880 | 218 | |
Special Mention [Member] | PNCI [Member] | Home Equity Loans [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 116 | 188 | |
Special Mention [Member] | PNCI [Member] | Other Consumer [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 32 | 38 | |
Special Mention [Member] | Commercial [Member] | Originated [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 28,747 | 18,434 | |
Special Mention [Member] | Commercial [Member] | Originated [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 848 | 4,872 | |
Special Mention [Member] | Commercial [Member] | PNCI [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 3,478 | 11,513 | |
Special Mention [Member] | Home Equity Lines of Credit [Member] | Originated [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 1,747 | 2,558 | |
Special Mention [Member] | Home Equity Lines of Credit [Member] | PNCI [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 826 | 450 | |
Special Mention [Member] | Residential [Member] | Originated [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 32 | ||
Substandard [Member] | Originated [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 25,634 | 34,569 | |
Substandard [Member] | Originated [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 16,785 | 25,911 | |
Substandard [Member] | Originated [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 4,112 | 3,814 | |
Substandard [Member] | Originated [Member] | Commercial Portfolio Segment [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 4,471 | 4,737 | |
Substandard [Member] | Originated [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 266 | 107 | |
Substandard [Member] | Originated [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 3,923 | 3,168 | |
Substandard [Member] | Originated [Member] | Home Equity Loans [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 2,308 | 1,620 | |
Substandard [Member] | Originated [Member] | Other Consumer [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 75 | 155 | |
Substandard [Member] | PNCI [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 6,116 | 3,464 | |
Substandard [Member] | PNCI [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 5,247 | 2,449 | |
Substandard [Member] | PNCI [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 757 | 1,015 | |
Substandard [Member] | PNCI [Member] | Commercial Portfolio Segment [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 112 | ||
Substandard [Member] | PNCI [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 1,687 | 1,890 | |
Substandard [Member] | PNCI [Member] | Home Equity Loans [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 103 | 77 | |
Substandard [Member] | PNCI [Member] | Other Consumer [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 5 | 6 | |
Substandard [Member] | Commercial [Member] | Originated [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 12,862 | 22,743 | |
Substandard [Member] | Commercial [Member] | PNCI [Member] | Mortgage Loans on Real Estate [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 3,560 | 559 | |
Substandard [Member] | Home Equity Lines of Credit [Member] | Originated [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 1,729 | 2,039 | |
Substandard [Member] | Home Equity Lines of Credit [Member] | PNCI [Member] | Consumer [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | 649 | 932 | |
Substandard [Member] | Residential [Member] | Originated [Member] | Construction [Member] | |||
Loans and Leases Receivable Disclosure [Line Items] | |||
Total loans, net of unamortized deferred loan fees and discounts | $ 266 | $ 107 |
Allowance for Loan Losses - Ana
Allowance for Loan Losses - Analysis of Past Due and Nonaccrual Loans (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | $ 4,027,436 | $ 3,015,165 | $ 2,931,613 |
Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 3,132,202 | 2,300,322 | 2,194,874 |
Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 421,285 | 356,874 | 361,320 |
Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 289,647 | 220,412 | 227,479 |
Construction [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 184,302 | 137,557 | 147,940 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 524,414 | 385,426 | 391,072 |
Home Equity Loans [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 40,693 | 43,031 | 45,033 |
Other Consumer [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 49,456 | 25,155 | 26,781 |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 2,607,788 | 1,914,896 | 1,803,802 |
Commercial [Member] | Construction [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 69,728 | 69,627 | 72,820 |
Home Equity Lines of Credit [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 331,136 | 288,688 | 289,506 |
Residential [Member] | Construction [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total | 114,574 | 67,930 | $ 75,120 |
Originated [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 8,645 | 8,927 | |
Current | 2,922,062 | 2,681,475 | |
Total | 2,930,707 | 2,690,402 | |
Originated [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 2,528 | 3,638 | |
Current | 2,201,591 | 2,007,394 | |
Total | 2,204,119 | 2,011,032 | |
Originated [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 3,176 | 2,034 | |
Current | 343,630 | 330,615 | |
Total | 346,806 | 332,649 | |
Originated [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 2,453 | 3,221 | |
Current | 232,288 | 206,216 | |
Total | 234,741 | 209,437 | |
Originated [Member] | Construction [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 488 | 34 | |
Current | 144,553 | 137,250 | |
Total | 145,041 | 137,284 | |
Originated [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 1,762 | 2,493 | |
Current | 338,753 | 318,029 | |
Total | 340,515 | 320,522 | |
Originated [Member] | Home Equity Loans [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 1,231 | 991 | |
Current | 34,325 | 38,857 | |
Total | 35,556 | 39,848 | |
Originated [Member] | Other Consumer [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 286 | 95 | |
Current | 26,008 | 22,764 | |
Total | 26,294 | 22,859 | |
Originated [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 766 | 1,145 | |
Current | 1,862,838 | 1,689,365 | |
Total | 1,863,604 | 1,690,510 | |
Originated [Member] | Commercial [Member] | Construction [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Current | 63,508 | 69,364 | |
Total | 63,508 | 69,364 | |
Originated [Member] | Home Equity Lines of Credit [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 1,659 | 948 | |
Current | 283,297 | 268,994 | |
Total | 284,956 | 269,942 | |
Originated [Member] | Residential [Member] | Construction [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 488 | 34 | |
Current | 81,045 | 67,886 | |
Total | 81,533 | 67,920 | |
PNCI [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 4,573 | 2,682 | |
Current | 1,078,358 | 306,521 | |
Total | 1,082,931 | 309,203 | |
> 90 Days and Still Accruing | 1,048 | 281 | |
PNCI [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 2,519 | 1,764 | |
Current | 915,981 | 277,578 | |
Total | 918,500 | 279,342 | |
> 90 Days and Still Accruing | 949 | 81 | |
PNCI [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 1,552 | 918 | |
Current | 71,139 | 20,279 | |
Total | 72,691 | 21,197 | |
> 90 Days and Still Accruing | 99 | 200 | |
PNCI [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 502 | ||
Current | 51,977 | 8,391 | |
Total | 52,479 | 8,391 | |
PNCI [Member] | Construction [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Current | 39,261 | 273 | |
Total | 39,261 | 273 | |
PNCI [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 560 | 1,694 | |
Current | 181,641 | 61,825 | |
Total | 182,201 | 63,519 | |
> 90 Days and Still Accruing | 81 | ||
PNCI [Member] | Home Equity Loans [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 278 | 30 | |
Current | 4,412 | 2,668 | |
Total | 4,690 | 2,698 | |
PNCI [Member] | Other Consumer [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 242 | 32 | |
Current | 22,878 | 2,219 | |
Total | 23,120 | 2,251 | |
PNCI [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 1,959 | 70 | |
Current | 734,340 | 215,753 | |
Total | 736,299 | 215,823 | |
> 90 Days and Still Accruing | 949 | ||
PNCI [Member] | Commercial [Member] | Construction [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Current | 6,220 | 263 | |
Total | 6,220 | 263 | |
PNCI [Member] | Home Equity Lines of Credit [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 1,032 | 856 | |
Current | 43,849 | 15,392 | |
Total | 44,881 | 16,248 | |
> 90 Days and Still Accruing | 99 | 200 | |
PNCI [Member] | Residential [Member] | Construction [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Current | 33,041 | 10 | |
Total | 33,041 | 10 | |
30-59 Days [Member] | Originated [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 4,511 | 3,983 | |
30-59 Days [Member] | Originated [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 774 | 1,898 | |
30-59 Days [Member] | Originated [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 2,239 | 1,095 | |
30-59 Days [Member] | Originated [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 1,010 | 956 | |
30-59 Days [Member] | Originated [Member] | Construction [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 488 | 34 | |
30-59 Days [Member] | Originated [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 275 | 1,740 | |
30-59 Days [Member] | Originated [Member] | Home Equity Loans [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 527 | 511 | |
30-59 Days [Member] | Originated [Member] | Other Consumer [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 262 | 56 | |
30-59 Days [Member] | Originated [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 499 | 158 | |
30-59 Days [Member] | Originated [Member] | Home Equity Lines of Credit [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 1,450 | 528 | |
30-59 Days [Member] | Originated [Member] | Residential [Member] | Construction [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 488 | 34 | |
30-59 Days [Member] | PNCI [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 2,139 | 1,899 | |
30-59 Days [Member] | PNCI [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 992 | 1,565 | |
30-59 Days [Member] | PNCI [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 1,117 | 334 | |
30-59 Days [Member] | PNCI [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 30 | ||
30-59 Days [Member] | PNCI [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 1,495 | ||
30-59 Days [Member] | PNCI [Member] | Home Equity Loans [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 262 | 30 | |
30-59 Days [Member] | PNCI [Member] | Other Consumer [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 242 | 6 | |
30-59 Days [Member] | PNCI [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 992 | 70 | |
30-59 Days [Member] | PNCI [Member] | Home Equity Lines of Credit [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 613 | 298 | |
60-89 Days [Member] | Originated [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 1,447 | 2,426 | |
60-89 Days [Member] | Originated [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 899 | 1,497 | |
60-89 Days [Member] | Originated [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 414 | 191 | |
60-89 Days [Member] | Originated [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 134 | 738 | |
60-89 Days [Member] | Originated [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 749 | 510 | |
60-89 Days [Member] | Originated [Member] | Home Equity Loans [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 293 | 107 | |
60-89 Days [Member] | Originated [Member] | Other Consumer [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 24 | 36 | |
60-89 Days [Member] | Originated [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 150 | 987 | |
60-89 Days [Member] | Originated [Member] | Home Equity Lines of Credit [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 97 | 48 | |
60-89 Days [Member] | PNCI [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 1,079 | 344 | |
60-89 Days [Member] | PNCI [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 415 | 90 | |
60-89 Days [Member] | PNCI [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 192 | 254 | |
60-89 Days [Member] | PNCI [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 472 | ||
60-89 Days [Member] | PNCI [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 397 | 90 | |
60-89 Days [Member] | PNCI [Member] | Other Consumer [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 26 | ||
60-89 Days [Member] | PNCI [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 18 | ||
60-89 Days [Member] | PNCI [Member] | Home Equity Lines of Credit [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 192 | 228 | |
> 90 Days [Member] | Originated [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 2,687 | 2,518 | |
> 90 Days [Member] | Originated [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 855 | 243 | |
> 90 Days [Member] | Originated [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 523 | 748 | |
> 90 Days [Member] | Originated [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 1,309 | 1,527 | |
> 90 Days [Member] | Originated [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 738 | 243 | |
> 90 Days [Member] | Originated [Member] | Home Equity Loans [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 411 | 373 | |
> 90 Days [Member] | Originated [Member] | Other Consumer [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 3 | ||
> 90 Days [Member] | Originated [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 117 | ||
> 90 Days [Member] | Originated [Member] | Home Equity Lines of Credit [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 112 | 372 | |
> 90 Days [Member] | PNCI [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 1,355 | 439 | |
> 90 Days [Member] | PNCI [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 1,112 | 109 | |
> 90 Days [Member] | PNCI [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 243 | 330 | |
> 90 Days [Member] | PNCI [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 163 | 109 | |
> 90 Days [Member] | PNCI [Member] | Home Equity Loans [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 16 | ||
> 90 Days [Member] | PNCI [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 949 | ||
> 90 Days [Member] | PNCI [Member] | Home Equity Lines of Credit [Member] | Consumer [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | $ 227 | $ 330 |
Allowance for Loan Losses - Add
Allowance for Loan Losses - Additional Information (Detail) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Originated [Member] | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Interest income on non accrual loans | $ 338,000 | $ 244,000 | $ 964,000 | $ 617,000 | |
Interest income on non accrual loans ,recognized | 59,000 | 33,000 | 133,000 | 49,000 | |
Impaired TDR Loans | 8,845,000 | 13,352,000 | 8,845,000 | 13,352,000 | $ 12,517,000 |
Obligations to lend additional funds on TDR | 0 | 209,000 | 0 | 209,000 | 1,000 |
PNCI [Member] | |||||
Loans and Leases Receivable Disclosure [Line Items] | |||||
Interest income on non accrual loans | 39,000 | 90,000 | 93,000 | 188,000 | |
Interest income on non accrual loans ,recognized | 12,000 | 2,000 | 23,000 | 14,000 | |
Impaired TDR Loans | 840,000 | 1,611,000 | 840,000 | 1,611,000 | 1,352,000 |
Obligations to lend additional funds on TDR | $ 0 | $ 3,000 | $ 0 | $ 3,000 | $ 0 |
Allowance for Loan Losses - S_3
Allowance for Loan Losses - Schedule of Non Accrual Loans (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | $ 19,234 | $ 16,925 |
Mortgage Loans on Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 12,213 | 10,881 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 3,284 | 2,375 |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 3,737 | 3,669 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 4,032 | 2,737 |
Home Equity Loans [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 1,983 | 1,150 |
Other Consumer [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 8 | 12 |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 8,181 | 8,144 |
Home Equity Lines of Credit [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 1,293 | 1,213 |
Originated [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 17,087 | 15,462 |
Originated [Member] | Mortgage Loans on Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 10,689 | 9,869 |
Originated [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 2,661 | 1,924 |
Originated [Member] | Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 3,737 | 3,669 |
Originated [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 2,813 | 1,725 |
Originated [Member] | Home Equity Loans [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 1,933 | 1,106 |
Originated [Member] | Other Consumer [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 3 | 7 |
Originated [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 7,876 | 8,144 |
Originated [Member] | Home Equity Lines of Credit [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 725 | 811 |
PNCI [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 2,147 | 1,463 |
PNCI [Member] | Mortgage Loans on Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 1,524 | 1,012 |
PNCI [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 623 | 451 |
PNCI [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 1,219 | 1,012 |
PNCI [Member] | Home Equity Loans [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 50 | 44 |
PNCI [Member] | Other Consumer [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 5 | 5 |
PNCI [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | 305 | |
PNCI [Member] | Home Equity Lines of Credit [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Nonaccrual loans | $ 568 | $ 402 |
Allowance for Loan Losses - Imp
Allowance for Loan Losses - Impaired Loans (Detail) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Originated [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | $ 25,607 | $ 29,012 | $ 26,175 |
Recorded investment with no related allowance | 18,311 | 22,425 | 18,078 |
Recorded investment with related allowance | 5,397 | 5,162 | 7,188 |
Total recorded investment | 23,708 | 27,587 | 25,266 |
Related Allowance | 2,234 | 1,563 | 2,232 |
Average recorded investment | 23,292 | 25,787 | 24,626 |
Interest income recognized | 409 | 712 | 1,052 |
Originated [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 16,738 | 22,132 | 18,209 |
Recorded investment with no related allowance | 12,870 | 18,816 | 15,159 |
Recorded investment with related allowance | 2,681 | 2,794 | 2,691 |
Total recorded investment | 15,551 | 21,610 | 17,850 |
Related Allowance | 325 | 240 | 260 |
Average recorded investment | 15,432 | 19,232 | 17,352 |
Interest income recognized | 275 | 604 | 788 |
Originated [Member] | Consumer [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 4,001 | 3,474 | 3,260 |
Recorded investment with no related allowance | 3,306 | 2,581 | 2,204 |
Recorded investment with related allowance | 219 | 320 | 602 |
Total recorded investment | 3,525 | 2,901 | 2,806 |
Related Allowance | 52 | 53 | 124 |
Average recorded investment | 3,166 | 2,963 | 2,915 |
Interest income recognized | 56 | 32 | 71 |
Originated [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 4,868 | 3,262 | 4,566 |
Recorded investment with no related allowance | 2,135 | 884 | 575 |
Recorded investment with related allowance | 2,497 | 2,048 | 3,895 |
Total recorded investment | 4,632 | 2,932 | 4,470 |
Related Allowance | 1,857 | 1,270 | 1,848 |
Average recorded investment | 4,626 | 3,514 | 4,283 |
Interest income recognized | 78 | 69 | 184 |
Originated [Member] | Construction [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 144 | 140 | |
Recorded investment with no related allowance | 144 | 140 | |
Total recorded investment | 144 | 140 | |
Average recorded investment | 68 | 78 | 76 |
Interest income recognized | 7 | 9 | |
Originated [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 4,185 | 3,489 | 4,023 |
Recorded investment with no related allowance | 3,251 | 1,777 | 2,058 |
Recorded investment with related allowance | 311 | 1,644 | 1,881 |
Total recorded investment | 3,562 | 3,421 | 3,939 |
Related Allowance | 57 | 167 | 230 |
Average recorded investment | 3,883 | 3,242 | 3,501 |
Interest income recognized | 67 | 90 | 143 |
Originated [Member] | Home Equity Loans [Member] | Consumer [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 2,554 | 2,091 | 1,627 |
Recorded investment with no related allowance | 1,960 | 1,470 | 1,107 |
Recorded investment with related allowance | 157 | 199 | 198 |
Total recorded investment | 2,117 | 1,669 | 1,305 |
Related Allowance | 30 | 13 | 10 |
Average recorded investment | 1,753 | 1,376 | 1,193 |
Interest income recognized | 24 | 32 | 24 |
Originated [Member] | Other Consumer [Member] | Consumer [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 3 | 59 | 52 |
Recorded investment with no related allowance | 3 | 4 | |
Interest loss recognized | (25) | ||
Recorded investment with related allowance | 3 | 11 | 3 |
Total recorded investment | 3 | 14 | 7 |
Related Allowance | 3 | 7 | 3 |
Average recorded investment | 3 | 23 | 20 |
Originated [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 12,553 | 18,643 | 14,186 |
Recorded investment with no related allowance | 9,619 | 17,039 | 13,101 |
Recorded investment with related allowance | 2,370 | 1,150 | 810 |
Total recorded investment | 11,989 | 18,189 | 13,911 |
Related Allowance | 268 | 73 | 30 |
Average recorded investment | 11,549 | 15,990 | 13,851 |
Interest income recognized | 208 | 514 | 645 |
Originated [Member] | Home Equity Lines of Credit [Member] | Consumer [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 1,444 | 1,324 | 1,581 |
Recorded investment with no related allowance | 1,346 | 1,108 | 1,093 |
Recorded investment with related allowance | 59 | 110 | 401 |
Total recorded investment | 1,405 | 1,218 | 1,494 |
Related Allowance | 19 | 33 | 111 |
Average recorded investment | 1,410 | 1,564 | 1,702 |
Interest income recognized | 32 | 25 | 47 |
Originated [Member] | Residential [Member] | Construction [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 144 | 140 | |
Recorded investment with no related allowance | 144 | 140 | |
Total recorded investment | 144 | 140 | |
Average recorded investment | 68 | 78 | 76 |
Interest income recognized | 7 | 9 | |
PNCI [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 3,945 | 4,967 | 3,048 |
Recorded investment with no related allowance | 3,149 | 3,399 | 1,994 |
Recorded investment with related allowance | 637 | 1,233 | 974 |
Total recorded investment | 3,786 | 4,632 | 2,968 |
Related Allowance | 394 | 577 | 467 |
Average recorded investment | 3,355 | 4,397 | 3,563 |
Interest income recognized | 87 | 65 | 89 |
PNCI [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 2,557 | 3,503 | 1,404 |
Recorded investment with no related allowance | 2,474 | 2,955 | 1,359 |
Recorded investment with related allowance | 250 | ||
Total recorded investment | 2,474 | 3,205 | 1,359 |
Related Allowance | 73 | ||
Average recorded investment | 1,902 | 2,943 | 2,020 |
Interest income recognized | 58 | 24 | 24 |
PNCI [Member] | Consumer [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 1,388 | 1,458 | 1,644 |
Recorded investment with no related allowance | 675 | 444 | 635 |
Recorded investment with related allowance | 637 | 983 | 974 |
Total recorded investment | 1,312 | 1,427 | 1,609 |
Related Allowance | 394 | 498 | 467 |
Average recorded investment | 1,453 | 1,451 | 1,543 |
Interest income recognized | 29 | 41 | 65 |
PNCI [Member] | Commercial Portfolio Segment [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 6 | ||
Related Allowance | 6 | ||
Average recorded investment | 3 | ||
PNCI [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 1,302 | 1,634 | 1,404 |
Recorded investment with no related allowance | 1,219 | 1,356 | 1,359 |
Recorded investment with related allowance | 250 | ||
Total recorded investment | 1,219 | 1,606 | 1,359 |
Related Allowance | 73 | ||
Average recorded investment | 1,275 | 1,165 | 1,041 |
Interest income recognized | 24 | 24 | |
PNCI [Member] | Home Equity Loans [Member] | Consumer [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 296 | 185 | 178 |
Recorded investment with no related allowance | 50 | 50 | 44 |
Recorded investment with related allowance | 239 | 123 | 121 |
Total recorded investment | 289 | 173 | 165 |
Related Allowance | 145 | 99 | 97 |
Average recorded investment | 287 | 121 | 117 |
Interest income recognized | 9 | 5 | 6 |
PNCI [Member] | Other Consumer [Member] | Consumer [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 240 | 253 | 250 |
Recorded investment with related allowance | 240 | 253 | 250 |
Total recorded investment | 240 | 253 | 250 |
Related Allowance | 100 | 71 | 54 |
Average recorded investment | 257 | 187 | 186 |
Interest income recognized | 7 | 8 | 11 |
PNCI [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 1,255 | 1,869 | |
Recorded investment with no related allowance | 1,255 | 1,599 | |
Total recorded investment | 1,255 | 1,599 | |
Average recorded investment | 627 | 1,778 | 979 |
Interest income recognized | 58 | ||
PNCI [Member] | Home Equity Lines of Credit [Member] | Consumer [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Unpaid principal balance | 852 | 1,020 | 1,216 |
Recorded investment with no related allowance | 625 | 394 | 591 |
Recorded investment with related allowance | 158 | 607 | 603 |
Total recorded investment | 783 | 1,001 | 1,194 |
Related Allowance | 149 | 328 | 316 |
Average recorded investment | 909 | 1,143 | 1,240 |
Interest income recognized | $ 13 | $ 28 | $ 48 |
Allowance for Loan Losses - TDR
Allowance for Loan Losses - TDRs (Detail) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018USD ($)SecurityLoan | Sep. 30, 2017USD ($)SecurityLoan | Sep. 30, 2018USD ($)SecurityLoan | Sep. 30, 2017USD ($)SecurityLoan | |
Financing Receivable, Modifications [Line Items] | ||||
Number | SecurityLoan | 7 | 15 | 13 | 25 |
Pre-mod outstanding principal balance | $ 2,007 | $ 5,330 | $ 3,094 | $ 6,899 |
Post-mod outstanding principal balance | 2,005 | 5,330 | 3,101 | 6,766 |
Financial impact due to TDR taken as additional provision | $ (308) | $ 211 | $ (265) | $ 133 |
Number that defaulted during the period | SecurityLoan | 1 | 2 | 6 | 3 |
Recorded investment of TDRs that defaulted during the period | $ 128 | $ 318 | $ 637 | $ 442 |
Financial impact due to the default of previous TDR taken as charge-offs or additional provisions | $ (2) | |||
Mortgage Loans on Real Estate [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | SecurityLoan | 4 | 5 | 6 | 8 |
Pre-mod outstanding principal balance | $ 1,326 | $ 3,825 | $ 1,743 | $ 4,448 |
Post-mod outstanding principal balance | 1,324 | 3,825 | 1,741 | 4,421 |
Financial impact due to TDR taken as additional provision | $ (308) | $ 183 | $ (262) | $ 58 |
Number that defaulted during the period | SecurityLoan | 2 | 1 | 3 | |
Recorded investment of TDRs that defaulted during the period | $ 318 | $ 169 | $ 442 | |
Consumer [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | SecurityLoan | 1 | 1 | 3 | 5 |
Pre-mod outstanding principal balance | $ 478 | $ 252 | $ 732 | $ 453 |
Post-mod outstanding principal balance | $ 478 | $ 252 | $ 737 | 453 |
Financial impact due to TDR taken as additional provision | $ 38 | |||
Number that defaulted during the period | SecurityLoan | 1 | 1 | ||
Recorded investment of TDRs that defaulted during the period | $ 128 | $ 128 | ||
Commercial Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | SecurityLoan | 2 | 8 | 4 | 11 |
Pre-mod outstanding principal balance | $ 203 | $ 1,109 | $ 619 | $ 1,854 |
Post-mod outstanding principal balance | $ 203 | 1,109 | 623 | 1,748 |
Financial impact due to TDR taken as additional provision | $ 28 | $ (3) | $ 37 | |
Number that defaulted during the period | SecurityLoan | 4 | |||
Recorded investment of TDRs that defaulted during the period | $ 340 | |||
Financial impact due to the default of previous TDR taken as charge-offs or additional provisions | $ (2) | |||
Construction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | SecurityLoan | 1 | 1 | ||
Pre-mod outstanding principal balance | $ 144 | $ 144 | ||
Post-mod outstanding principal balance | $ 144 | $ 144 | ||
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | SecurityLoan | 1 | 1 | ||
Pre-mod outstanding principal balance | $ 939 | $ 939 | ||
Post-mod outstanding principal balance | 939 | 939 | ||
Financial impact due to TDR taken as additional provision | $ 169 | $ 169 | ||
Number that defaulted during the period | SecurityLoan | 1 | 2 | ||
Recorded investment of TDRs that defaulted during the period | $ 99 | $ 223 | ||
Home Equity Loans [Member] | Consumer [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | SecurityLoan | 1 | 1 | 2 | 1 |
Pre-mod outstanding principal balance | $ 478 | $ 252 | $ 599 | $ 252 |
Post-mod outstanding principal balance | $ 478 | $ 252 | $ 599 | $ 252 |
Other Consumer [Member] | Consumer [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | SecurityLoan | 1 | |||
Pre-mod outstanding principal balance | $ 14 | |||
Post-mod outstanding principal balance | 14 | |||
Financial impact due to TDR taken as additional provision | $ 11 | |||
Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | SecurityLoan | 4 | 4 | 6 | 7 |
Pre-mod outstanding principal balance | $ 1,326 | $ 2,886 | $ 1,743 | $ 3,509 |
Post-mod outstanding principal balance | 1,324 | 2,886 | 1,741 | 3,482 |
Financial impact due to TDR taken as additional provision | $ (308) | $ 14 | $ (262) | $ (111) |
Number that defaulted during the period | SecurityLoan | 1 | 1 | 1 | |
Recorded investment of TDRs that defaulted during the period | $ 219 | $ 169 | $ 219 | |
Home Equity Lines of Credit [Member] | Consumer [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | SecurityLoan | 1 | 3 | ||
Pre-mod outstanding principal balance | $ 133 | $ 187 | ||
Post-mod outstanding principal balance | $ 138 | 187 | ||
Financial impact due to TDR taken as additional provision | $ 27 | |||
Number that defaulted during the period | SecurityLoan | 1 | 1 | ||
Recorded investment of TDRs that defaulted during the period | $ 128 | $ 128 | ||
Residential [Member] | Construction [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Number | SecurityLoan | 1 | 1 | ||
Pre-mod outstanding principal balance | $ 144 | $ 144 | ||
Post-mod outstanding principal balance | $ 144 | $ 144 |
Foreclosed Assets - Summary of
Foreclosed Assets - Summary of Activity in Balance of Foreclosed Assets (Detail) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($)Assets | Sep. 30, 2017USD ($)Assets | |
Goodwill and Intangible Assets Disclosure [Abstract] | ||||
Beginning balance, net | $ 3,226 | $ 3,986 | ||
Additions/transfers from loans | 536 | 726 | ||
Dispositions/sales | (1,841) | (1,479) | ||
Valuation adjustments | (89) | (162) | ||
Ending balance, net | $ 1,832 | $ 3,071 | 1,832 | 3,071 |
Ending valuation allowance | $ (143) | $ (248) | ||
Ending number of foreclosed assets | Assets | 11 | 11 | ||
Proceeds from sale of foreclosed assets | $ 2,206 | $ 1,787 | ||
Gain on sale of foreclosed assets | $ 2 | $ 37 | $ 390 | $ 308 |
Foreclosed Assets - Additional
Foreclosed Assets - Additional Information (Detail) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Dec. 31, 2016 |
Schedule Of Foreclosed Assets Activity [Line Items] | ||||
Foreclosed assets | $ 1,832,000 | $ 3,226,000 | $ 3,071,000 | $ 3,986,000 |
Residential Real Estate [Member] | ||||
Schedule Of Foreclosed Assets Activity [Line Items] | ||||
Foreclosed assets | 1,269,000 | |||
Formal foreclosure proceedings | $ 477,000 |
Premises and Equipment - Summar
Premises and Equipment - Summary of Premises and Equipment (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Property, Plant and Equipment, Net, by Type [Abstract] | ||
Land & land improvements | $ 28,958 | $ 9,959 |
Buildings | 64,178 | 50,340 |
Furniture and equipment | 44,271 | 35,939 |
Premises and equipment, gross | 137,407 | 96,238 |
Less: Accumulated depreciation | (49,073) | (40,644) |
Premises and equipment less depreciation, gross | 88,334 | 55,594 |
Construction in progress | 956 | 2,148 |
Total premises and equipment | $ 89,290 | $ 57,742 |
Premises and Equipment - Additi
Premises and Equipment - Additional Information (Detail) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Property, Plant and Equipment [Abstract] | ||||
Depreciation expense for premises and equipment | $ 1,685,000 | $ 1,520,000 | $ 4,442,000 | $ 4,224,000 |
Goodwill and Other Intangible_3
Goodwill and Other Intangible Assets - Summary of Goodwill Intangible (Detail) $ in Thousands | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill, Ending Balance | $ 220,972 |
Goodwill, Additions | 156,661 |
Goodwill, Reductions | 0 |
Goodwill, Beginning Balance | $ 64,311 |
Goodwill and Other Intangible_4
Goodwill and Other Intangible Assets - Summary of Core Deposit Intangibles (CDI) (Detail) - Core Deposit Intangibles [Member] $ in Thousands | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Finite-Lived Intangible Assets [Line Items] | |
Core deposit intangibles, Beginning balance | $ 9,558 |
Core deposit intangibles, Reductions/Amortization | 0 |
Core deposit intangibles, Additions | 27,605 |
Core deposit intangibles, Ending balance | 37,163 |
Accumulated amortization, Beginning balance | (4,384) |
Accumulated amortization, Reductions/Amortization | (2,068) |
Accumulated amortization, Additions | 0 |
Accumulated amortization, Ending balance | (6,452) |
Core deposit intangibles, net, Beginning balance | 5,174 |
Core deposit intangibles, net, Reductions/Amortization | (2,068) |
Core deposit intangibles, net, Additions | 27,605 |
Core deposit intangibles, net, Ending balance | $ 30,711 |
Goodwill and Other Intangible_5
Goodwill and Other Intangible Assets - Additional Information (Detail) | Jul. 06, 2018USD ($) |
FNBB [Member] | |
Finite-Lived Intangible Assets [Line Items] | |
Additions to core deposit intangibles | $ 27,605,000 |
Goodwill and Other Intangible_6
Goodwill and Other Intangible Assets - Remaining Estimated Core Deposit Intangible Amortization (Detail) - Core Deposit Intangibles [Member] $ in Thousands | Sep. 30, 2018USD ($) |
Finite-Lived Intangible Assets [Line Items] | |
2,018 | $ 1,431 |
2,019 | 5,723 |
2,020 | 5,723 |
2,021 | 5,465 |
2,022 | 4,776 |
Thereafter | $ 7,593 |
Other Assets - Summary of Other
Other Assets - Summary of Other Assets (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | ||
Deferred tax asset, net | $ 31,963 | $ 21,697 |
Investment in low income housing tax credit funds | 23,572 | 16,854 |
Prepaid expense | 3,420 | 4,111 |
Tax refund receivable | 2,836 | 4,754 |
Capital trusts | 1,712 | 1,706 |
Software | 762 | 1,126 |
Life insurance proceeds receivable | 2,242 | |
Miscellaneous other assets | 6,332 | 2,561 |
Total other assets | $ 70,597 | $ 55,051 |
Deposits - Summary of Balances
Deposits - Summary of Balances of Deposits (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Deposits [Abstract] | ||
Noninterest-bearing demand | $ 1,710,505 | $ 1,368,218 |
Interest-bearing demand | 1,152,705 | 971,459 |
Savings | 1,801,087 | 1,364,518 |
Time certificates, over $250,000 | 140,805 | 73,596 |
Other time certificates | 288,015 | 231,340 |
Total deposits | $ 5,093,117 | $ 4,009,131 |
Deposits - Additional Informati
Deposits - Additional Information (Detail) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Schedule Of Deposits [Line Items] | ||
Overdrawn deposit balances classified as consumer loans | $ 1,375,000 | $ 1,366,000 |
California [Member] | ||
Schedule Of Deposits [Line Items] | ||
Certificate of deposits, included in time certificates, over $250,000 | $ 69,000,000 | $ 50,000,000 |
Other Liabilities - Components
Other Liabilities - Components of Other Liabilities (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Other Liabilities Disclosure [Abstract] | ||
Pension liability | $ 37,789 | $ 28,472 |
Low income housing tax credit fund commitments | 9,146 | 8,554 |
Deferred compensation | 9,450 | 6,605 |
Accrued salaries and benefits expense | 8,990 | 6,619 |
Joint beneficiary agreements | 3,558 | 3,365 |
Loan escrow and servicing payable | 2,821 | 1,958 |
Deferred revenue | 1,978 | 1,228 |
Litigation contingency | 1,450 | |
Miscellaneous other liabilities | 8,345 | 8,171 |
Total other liabilities | $ 82,077 | $ 66,422 |
Commitments and Contingencies -
Commitments and Contingencies - Future Minimum Commitments under Non-Cancelable Operating Leases with Initial or Remaining Terms of One Year or More (Detail) $ in Thousands | Sep. 30, 2018USD ($) |
Leases [Abstract] | |
2,018 | $ 1,179 |
2,019 | 4,478 |
2,020 | 3,774 |
2,021 | 3,372 |
2,022 | 2,549 |
Thereafter | 4,097 |
Future minimum lease payments | $ 19,449 |
Commitments and Contingencies_2
Commitments and Contingencies - Summary of Bank's Commitments and Contingent Liabilities (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Commitments to extend credit | ||
Construction [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Commitments to extend credit | 283,858 | 187,097 |
RE Mortgage [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Commitments to extend credit | 149,003 | 66,267 |
Standby Letters of Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Commitments to extend credit | 11,277 | 13,075 |
Commercial [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Commitments to extend credit | 310,844 | 257,220 |
Consumer Loans [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Commitments to extend credit | 481,837 | 422,958 |
Deposit Account Overdraft Privilege [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Commitments to extend credit | $ 107,956 | $ 98,260 |
Shareholders' Equity - Addition
Shareholders' Equity - Additional Information (Detail) - USD ($) | 3 Months Ended | 9 Months Ended | |||||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | Dec. 31, 2016 | Aug. 21, 2007 | |
Class of Stock [Line Items] | |||||||
Repurchase of common stock | 500,000 | ||||||
Stock repurchase plan percentage of common stock | 3.20% | ||||||
Common stock, shares outstanding | 30,417,818 | 30,417,818 | 22,955,963 | 15,814,662 | |||
Market value of shares repurchased | $ 1,124,000 | $ 3,854,000 | |||||
Maximum [Member] | |||||||
Class of Stock [Line Items] | |||||||
Amount available to dividend to holding company | $ 85,254,000 | ||||||
Tri Counties Bank [Member] | |||||||
Class of Stock [Line Items] | |||||||
Cash dividends received | $ 13,507,000 | $ 5,185,000 | $ 22,649,000 | $ 14,394,000 | |||
2007 Stock Repurchase Plan [Member] | |||||||
Class of Stock [Line Items] | |||||||
Repurchased shares outstanding | 166,600 | 166,600 | |||||
Common Stock [Member] | |||||||
Class of Stock [Line Items] | |||||||
Common stock, shares outstanding | 30,417,818 | 22,941,464 | 30,417,818 | 22,941,464 | 22,955,963 | 22,867,802 | |
Company's common stock in lieu of cash to exercise options to purchase shares | 11,630 | 21,738 | 28,850 | 107,390 | |||
Market value of shares repurchased | $ 453,000 | $ 762,000 | $ 1,124,000 | $ 3,854,000 |
Stock Options and Other Equit_3
Stock Options and Other Equity-Based Incentive Instruments - Stock Option Activity (Detail) | 9 Months Ended |
Sep. 30, 2018$ / sharesshares | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Options outstanding, Number of Shares, beginning balance | shares | 446,400 |
Options granted, Number of Shares | shares | 0 |
Options exercised, Number of Shares | shares | (27,400) |
Options forfeited, Number of Shares | shares | (3,000) |
Options outstanding, Number of Shares, ending balance | shares | 416,000 |
Options outstanding, Weighted Average Exercise Price, beginning balance | $ 16.84 |
Options granted, Weighted Average Exercise Price | 0 |
Options exercised, Weighted Average Exercise Price | 17.33 |
Options forfeited, Weighted Average Exercise Price | 23.21 |
Options outstanding, Weighted Average Exercise Price, ending balance | 16.77 |
Minimum [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Options outstanding, Option Price per Share, beginning balance | 12.63 |
Options granted, Option Price per Share | 0 |
Options exercised, Option Price per Share | 15.34 |
Options forfeited, Option Price per Share | 23.21 |
Options outstanding, Option Price per Share, ending balance | 12.63 |
Maximum [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Options outstanding, Option Price per Share, beginning balance | 23.21 |
Options granted, Option Price per Share | 0 |
Options exercised, Option Price per Share | 23.21 |
Options forfeited, Option Price per Share | 23.21 |
Options outstanding, Option Price per Share, ending balance | $ 23.21 |
Stock Options and Other Equit_4
Stock Options and Other Equity-Based Incentive Instruments - Summary of Options Outstanding (Detail) - USD ($) $ / shares in Units, $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ||
Number of options | 416,000 | 446,400 |
Weighted average exercise price | $ 16.77 | $ 16.84 |
Intrinsic value (in thousands) | $ 9,091 | |
Weighted average remaining contractual term (yrs.) | 3 years 2 months 12 days | |
Currently Exercisable [Member] | ||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ||
Number of options | 413,000 | |
Weighted average exercise price | $ 16.72 | |
Intrinsic value (in thousands) | $ 9,045 | |
Weighted average remaining contractual term (yrs.) | 3 years 2 months 12 days | |
Currently Not Exercisable [Member] | ||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ||
Number of options | 3,000 | |
Weighted average exercise price | $ 23.21 | |
Intrinsic value (in thousands) | $ 46 | |
Weighted average remaining contractual term (yrs.) | 6 years |
Stock Options and Other Equit_5
Stock Options and Other Equity-Based Incentive Instruments - Additional Information (Detail) - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ||
Options currently not exercisable yet expected to vest | 3,000 | |
Restricted Stock Units (RSUs) [Member] | Service Condition Vesting RSUs [Member] | ||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ||
Number of units outstanding expected to vest | 70,608 | 68,457 |
Weighted-average remaining contractual term | 1 year 7 months 6 days | |
Pre-tax compensation costs | $ 2,063,000 | |
Number of units released | 32,516 | |
Restricted Stock Units (RSUs) [Member] | Market Plus Service Condition Vesting RSUs [Member] | ||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ||
Number of units outstanding expected to vest | 47,284 | 52,829 |
Weighted-average remaining contractual term | 1 year 8 months 12 days | |
Pre-tax compensation costs | $ 902,000 | |
Number of units released | 25,512 | |
Minimum [Member] | Restricted Stock Units (RSUs) [Member] | Market Plus Service Condition Vesting RSUs [Member] | ||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ||
Number of units released | 0 | |
Maximum [Member] | Restricted Stock Units (RSUs) [Member] | Market Plus Service Condition Vesting RSUs [Member] | ||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ||
Number of units released | 70,926 |
Stock Options and Other Equit_6
Stock Options and Other Equity-Based Incentive Instruments - Restricted Stock Unit (RSU) Activity (Detail) - Restricted Stock Units (RSUs) [Member] | 9 Months Ended |
Sep. 30, 2018$ / sharesshares | |
Market Plus Service Condition Vesting RSUs [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
RSUs outstanding, Number of RSUs, beginning balance | 52,829 |
RSUs granted, Number of RSUs | 16,939 |
Additional market plus service condition RSUs vested, Number of RSUs | 8,506 |
RSUs released through vesting, Number of RSUs | (25,512) |
RSUs forfeited/expired, Number of RSUs | (5,478) |
RSUs outstanding, Number of RSUs, ending balance | 47,284 |
RSUs granted, Weighted Average Fair Value on Date of Grant | $ / shares | $ 36.40 |
Service Condition Vesting RSUs [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
RSUs outstanding, Number of RSUs, beginning balance | 68,457 |
RSUs granted, Number of RSUs | 38,605 |
RSUs added through dividend credits, Number of RSUs | 806 |
RSUs released through vesting, Number of RSUs | (32,516) |
RSUs forfeited/expired, Number of RSUs | (4,744) |
RSUs outstanding, Number of RSUs, ending balance | 70,608 |
RSUs granted, Weighted Average Fair Value on Date of Grant | $ / shares | $ 39.08 |
Noninterest Income and Expens_2
Noninterest Income and Expense - Components of Other Noninterest Income (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Schedule Of Other Noninterest Income And Expense [Line Items] | ||||
Total service charges and fees | $ 9,743 | $ 9,475 | $ 28,327 | $ 27,861 |
Commissions on sale of non-deposit investment products | 728 | 672 | 2,414 | 1,984 |
Increase in cash value of life insurance | 732 | 732 | 1,996 | 2,043 |
Gain on sale of loans | 539 | 606 | 1,831 | 2,293 |
Lease brokerage income | 186 | 234 | 514 | 601 |
Gain on sale of foreclosed assets | 2 | 37 | 390 | 308 |
Sale of customer checks | 88 | 89 | 327 | 287 |
Gain on sale of investment securities | 207 | 961 | 207 | 961 |
Loss on disposal of fixed assets | (152) | (33) | (206) | (61) |
Loss on marketable equity securities | (22) | (92) | ||
Other | 135 | 157 | 942 | 1,266 |
Total other noninterest income | 2,443 | 3,455 | 8,323 | 9,682 |
Total noninterest income | 12,186 | 12,930 | 36,650 | 37,543 |
ATM and Interchange Fees [Member] | ||||
Schedule Of Other Noninterest Income And Expense [Line Items] | ||||
Total service charges and fees | 4,590 | 4,209 | 13,335 | 12,472 |
Service Charges on Deposit Accounts [Member] | ||||
Schedule Of Other Noninterest Income And Expense [Line Items] | ||||
Total service charges and fees | 4,015 | 4,160 | 11,407 | 12,102 |
Other Service Fees [Member] | ||||
Schedule Of Other Noninterest Income And Expense [Line Items] | ||||
Total service charges and fees | 676 | 917 | 2,020 | 2,521 |
Mortgage Banking Service Fees [Member] | ||||
Schedule Of Other Noninterest Income And Expense [Line Items] | ||||
Total service charges and fees | 499 | 514 | 1,527 | 1,561 |
Change in Value of Mortgage Servicing Rights [Member] | ||||
Schedule Of Other Noninterest Income And Expense [Line Items] | ||||
Total service charges and fees | $ (37) | $ (325) | $ 38 | $ (795) |
Noninterest Income and Expens_3
Noninterest Income and Expense - Components of Noninterest Expense (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Income Statement [Abstract] | ||||
Base salaries, net of deferred loan origination costs | $ 17,051 | $ 13,600 | $ 45,442 | $ 40,647 |
Incentive compensation | 3,223 | 2,609 | 7,834 | 6,980 |
Benefits and other compensation costs | 5,549 | 4,724 | 15,652 | 14,693 |
Total salaries and benefits expense | 25,823 | 20,933 | 68,928 | 62,320 |
Occupancy | 3,173 | 2,799 | 8,574 | 8,196 |
Data processing and software | 2,786 | 2,495 | 7,979 | 7,332 |
Merger and acquisition expense | 4,150 | 5,227 | ||
Equipment | 1,750 | 1,816 | 4,938 | 5,344 |
ATM and POS network charges | 1,195 | 1,425 | 3,858 | 3,353 |
Advertising | 1,341 | 1,039 | 3,214 | 3,173 |
Professional fees | 929 | 901 | 2,475 | 2,357 |
Telecommunications | 819 | 716 | 2,201 | 2,027 |
Regulatory assessments and insurance | 537 | 427 | 1,384 | 1,252 |
Intangible amortization | 1,390 | 339 | 2,068 | 1,050 |
Postage | 275 | 325 | 934 | 1,058 |
Courier service | 278 | 235 | 769 | 752 |
Operational losses | 217 | 301 | 763 | 1,166 |
Foreclosed assets expense | 93 | 41 | 297 | 117 |
Provision for (reversal of) foreclosed asset losses | (1) | 134 | 89 | 162 |
Other miscellaneous expense | 2,623 | 3,296 | 9,712 | 9,289 |
Total other noninterest expense | 21,555 | 16,289 | 54,482 | 46,628 |
Total noninterest expense | $ 47,378 | $ 37,222 | $ 123,410 | $ 108,948 |
Earnings Per Share - Computatio
Earnings Per Share - Computation of Earnings Per Share (Detail) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Earnings Per Share [Abstract] | ||||
Net income | $ 16,170 | $ 11,897 | $ 45,109 | $ 37,565 |
Average number of common shares outstanding | 30,011 | 22,932 | 25,317 | 22,901 |
Effect of dilutive stock options and restricted stock | 280 | 312 | 300 | 338 |
Average number of common shares outstanding used to calculate diluted earnings per share | 30,291 | 23,244 | 25,617 | 23,239 |
Options excluded from diluted earnings per share because the effect of these options was antidilutive | 10,000 | 10,000 |
Comprehensive Income - Componen
Comprehensive Income - Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Accumulated other comprehensive loss | $ (26,959) | $ (5,228) |
Net Unrealized Loss on Available for Sale Securities [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Accumulated other comprehensive loss, before tax | (33,051) | (3,409) |
Accumulated other comprehensive loss, tax effect | 9,771 | 1,433 |
Accumulated other comprehensive loss | (23,280) | (1,976) |
Unfunded Status of Supplemental Retirement Plans [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Accumulated other comprehensive loss, before tax | (5,010) | (5,352) |
Accumulated other comprehensive loss, tax effect | 1,481 | 2,250 |
Accumulated other comprehensive loss | (3,529) | (3,102) |
Joint Beneficiary Agreement Liability [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Accumulated other comprehensive loss, before tax | (150) | (150) |
Accumulated other comprehensive loss | $ (150) | $ (150) |
Comprehensive Income - Compon_2
Comprehensive Income - Components of Other Comprehensive Income (Loss) and Related Tax Effects (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Unrealized holding gains (losses) on available for sale securities before reclassifications | $ (8,193) | $ 674 | $ (29,134) | $ 6,372 |
Amounts reclassified out of accumulated other comprehensive income: | ||||
Realized gains on debt securities | (207) | (961) | (207) | (961) |
Total amounts reclassified out of accumulated other comprehensive income | (207) | (961) | (570) | (961) |
Unrealized holding gains (losses) on available for sale securities after reclassifications | (8,400) | (287) | (29,704) | 5,411 |
Tax effect | 2,483 | 121 | 8,763 | (2,274) |
Unrealized holding gains (losses) on available for sale securities, net of tax | (5,917) | (166) | (20,941) | 3,137 |
Change in unfunded status of the supplemental retirement plans before reclassifications | 668 | |||
Amounts reclassified out of accumulated other comprehensive income: | ||||
Amortization of prior service cost | (13) | (1) | (40) | (5) |
Amortization of actuarial losses | 128 | 96 | 382 | 288 |
Total amounts reclassified out of accumulated other comprehensive income | 115 | 95 | (326) | 283 |
Change in unfunded status of the supplemental retirement plans after reclassifications | 115 | 95 | 342 | 283 |
Tax effect | (34) | (40) | (101) | (119) |
Change in unfunded status of the supplemental retirement plans, net of tax | 81 | 55 | 241 | 164 |
Total other comprehensive income (loss) | $ (5,836) | $ (111) | (20,700) | $ 3,301 |
ASU 2016-01 [Member] | ||||
Amounts reclassified out of accumulated other comprehensive income: | ||||
Total amounts reclassified out of accumulated other comprehensive income | 62 | |||
ASU 2018-02 [Member] | ||||
Amounts reclassified out of accumulated other comprehensive income: | ||||
Total amounts reclassified out of accumulated other comprehensive income | (425) | |||
Amounts reclassified out of accumulated other comprehensive income: | ||||
Total amounts reclassified out of accumulated other comprehensive income | $ (668) |
Fair Value Measurement - Record
Fair Value Measurement - Recorded Amount of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Fair Value Measurements on Recurring Basis [Member] - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | $ 1,069,752 | $ 742,186 |
Marketable Equity Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 2,846 | 2,938 |
Obligations of U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 638,876 | 604,789 |
Obligations of States and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 123,420 | 123,156 |
Mortgage Servicing Rights [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 7,122 | 6,687 |
Corporate Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 4,431 | |
Asset-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 289,233 | |
Loans Held For Sale [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 3,824 | 4,616 |
Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 2,846 | 2,938 |
Level 1 [Member] | Marketable Equity Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 2,846 | 2,938 |
Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 1,059,784 | 732,561 |
Level 2 [Member] | Obligations of U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 638,876 | 604,789 |
Level 2 [Member] | Obligations of States and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 123,420 | 123,156 |
Level 2 [Member] | Corporate Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 4,431 | |
Level 2 [Member] | Asset-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 289,233 | |
Level 2 [Member] | Loans Held For Sale [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 3,824 | 4,616 |
Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | 7,122 | 6,687 |
Level 3 [Member] | Mortgage Servicing Rights [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total assets measured at fair value | $ 7,122 | $ 6,687 |
Fair Value Measurement - Additi
Fair Value Measurement - Additional Information (Detail) - USD ($) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Fair Value Disclosures [Abstract] | ||
Transfers between level 1 to level 2, Assets | $ 0 | $ 0 |
Transfers between level 2 to level 1, Assets | 0 | 0 |
Transfers between level 1 to level 2, Liabilities | 0 | 0 |
Transfers between level 2 to level 1, Liabilities | 0 | 0 |
Transfer into level 3 | 0 | 0 |
Transfer out of level 3 | 0 | $ 0 |
Carrying value of loans fully charged-off | $ 0 |
Fair Value Measurement - Reconc
Fair Value Measurement - Reconciliation of Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3) on Recurring Basis (Detail) - Mortgage Servicing Rights [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Beginning Balance | $ 7,021 | $ 6,596 | $ 6,687 | $ 6,595 |
Transfers into (out of) Level 3 | 0 | 0 | 0 | 0 |
Change Included in Earnings | (37) | (325) | 38 | (795) |
Issuances | 138 | 148 | 397 | 619 |
Ending Balance | $ 7,122 | $ 6,419 | $ 7,122 | $ 6,419 |
Fair Value Measurement - Quanti
Fair Value Measurement - Quantitative Information about Recurring Level 3 Fair Value Measurements (Detail) - Mortgage Servicing Rights [Member] $ in Thousands | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Mortgages Servicing Rights, Fair Value | $ 7,122 | $ 6,687 |
Minimum [Member] | Valuation Technique, Discounted Cash Flow [Member] | Measurement Input, Constant Prepayment Rate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Constant prepayment rate | 0.048 | 0.062 |
Minimum [Member] | Valuation Technique, Discounted Cash Flow [Member] | Measurement Input, Discount Rate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Constant prepayment rate | 0.12 | 0.13 |
Maximum [Member] | Valuation Technique, Discounted Cash Flow [Member] | Measurement Input, Constant Prepayment Rate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Constant prepayment rate | 0.330 | 0.220 |
Maximum [Member] | Valuation Technique, Discounted Cash Flow [Member] | Measurement Input, Discount Rate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Constant prepayment rate | 0.12 | 0.15 |
Weighted Average [Member] | Valuation Technique, Discounted Cash Flow [Member] | Measurement Input, Constant Prepayment Rate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Constant prepayment rate | 0.073 | 0.089 |
Weighted Average [Member] | Valuation Technique, Discounted Cash Flow [Member] | Measurement Input, Discount Rate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Constant prepayment rate | 0.12 | 0.13 |
Fair Value Measurement - Assets
Fair Value Measurement - Assets and Liabilities Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Impaired Originated & PNCI Loans [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | $ 445 | $ 2,767 | |
Fair Value Nonrecurring Basis [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 1,308 | $ 3,088 | 4,984 |
Total Gains/(Losses) | (831) | (1,049) | (1,587) |
Fair Value Nonrecurring Basis [Member] | Impaired Originated & PNCI Loans [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 445 | 1,026 | 2,767 |
Total Gains/(Losses) | (808) | (892) | (1,452) |
Fair Value Nonrecurring Basis [Member] | Foreclosed Assets [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 863 | 2,062 | 2,217 |
Total Gains/(Losses) | (23) | (157) | (135) |
Fair Value Nonrecurring Basis [Member] | Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 1,308 | 3,088 | 4,984 |
Fair Value Nonrecurring Basis [Member] | Level 3 [Member] | Impaired Originated & PNCI Loans [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | 445 | 1,026 | 2,767 |
Fair Value Nonrecurring Basis [Member] | Level 3 [Member] | Foreclosed Assets [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total assets measured at fair value | $ 863 | $ 2,062 | $ 2,217 |
Fair Value Measurement - Quan_2
Fair Value Measurement - Quantitative Information about Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Impaired Originated & PNCI Loans [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Fair Value | $ 445 | $ 2,767 |
Foreclosed Assets [Member] | Land & Construction [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Fair Value | 27 | 1,341 |
Foreclosed Assets [Member] | Residential Real Estate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Fair Value | 744 | 622 |
Foreclosed Assets [Member] | Commercial Real Estate [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Fair Value | $ 92 | $ 254 |
Level 3 [Member] | Sales Comparison Approach [Member] | Minimum [Member] | Impaired Originated & PNCI Loans [Member] | Adjustment for Differences between Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Weighted average | (55.80%) | (74.00%) |
Level 3 [Member] | Sales Comparison Approach [Member] | Minimum [Member] | Foreclosed Assets [Member] | Land & Construction [Member] | Adjustment for Differences between Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Weighted average | (53.00%) | |
Level 3 [Member] | Sales Comparison Approach [Member] | Minimum [Member] | Foreclosed Assets [Member] | Residential Real Estate [Member] | Adjustment for Differences between Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Weighted average | (47.00%) | (47.00%) |
Level 3 [Member] | Sales Comparison Approach [Member] | Minimum [Member] | Foreclosed Assets [Member] | Commercial Real Estate [Member] | Adjustment for Differences between Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Weighted average | (65.00%) | (84.00%) |
Level 3 [Member] | Sales Comparison Approach [Member] | Maximum [Member] | Impaired Originated & PNCI Loans [Member] | Adjustment for Differences between Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Weighted average | 60.00% | 23.00% |
Level 3 [Member] | Sales Comparison Approach [Member] | Maximum [Member] | Foreclosed Assets [Member] | Land & Construction [Member] | Adjustment for Differences between Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Weighted average | 283.00% | |
Level 3 [Member] | Sales Comparison Approach [Member] | Maximum [Member] | Foreclosed Assets [Member] | Residential Real Estate [Member] | Adjustment for Differences between Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Weighted average | 52.00% | 39.00% |
Level 3 [Member] | Sales Comparison Approach [Member] | Maximum [Member] | Foreclosed Assets [Member] | Commercial Real Estate [Member] | Adjustment for Differences between Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Weighted average | 20.00% | 19.00% |
Level 3 [Member] | Sales Comparison Approach [Member] | Weighted Average [Member] | Impaired Originated & PNCI Loans [Member] | Adjustment for Differences between Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Weighted average | (28.00%) | (19.76%) |
Level 3 [Member] | Sales Comparison Approach [Member] | Weighted Average [Member] | Foreclosed Assets [Member] | Land & Construction [Member] | Adjustment for Differences between Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Weighted average | 167.00% | |
Level 3 [Member] | Sales Comparison Approach [Member] | Weighted Average [Member] | Foreclosed Assets [Member] | Residential Real Estate [Member] | Adjustment for Differences between Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Weighted average | 0.90% | (3.13%) |
Level 3 [Member] | Sales Comparison Approach [Member] | Weighted Average [Member] | Foreclosed Assets [Member] | Commercial Real Estate [Member] | Adjustment for Differences between Comparable Sales [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Weighted average | (45.00%) | (84.00%) |
Fair Value Measurement - Estima
Fair Value Measurement - Estimated Fair Values of Financial Instruments that are Reported at Amortized Cost in Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financial assets: | ||
Cash and due from banks | $ 109,363 | $ 105,968 |
Cash at Federal Reserve and other banks | 117,180 | 99,460 |
Securities held to maturity | 459,897 | 514,844 |
Financial liabilities: | ||
Other borrowings | 282,831 | 122,166 |
Junior subordinated debt | 56,996 | 56,858 |
Level 3 [Member] | Overdraft Privilege Commitments [Member] | ||
Off-balance sheet: | ||
Contract amount, Off-balance sheet | 107,956 | 98,260 |
Level 3 [Member] | Standby Letters of Credit [Member] | ||
Off-balance sheet: | ||
Contract amount, Off-balance sheet | 11,277 | 13,075 |
Level 3 [Member] | Commitments [Member] | ||
Off-balance sheet: | ||
Contract amount, Off-balance sheet | 1,225,542 | 933,542 |
Fair Value [Member] | Level 3 [Member] | ||
Financial assets: | ||
Loans, net | 3,987,841 | 2,992,225 |
Financial liabilities: | ||
Junior subordinated debt | 58,930 | 58,466 |
Fair Value [Member] | Level 3 [Member] | Overdraft Privilege Commitments [Member] | ||
Off-balance sheet: | ||
Fair value, Off-balance sheet | 1,080 | 983 |
Fair Value [Member] | Level 3 [Member] | Standby Letters of Credit [Member] | ||
Off-balance sheet: | ||
Fair value, Off-balance sheet | 113 | 131 |
Fair Value [Member] | Level 3 [Member] | Commitments [Member] | ||
Off-balance sheet: | ||
Fair value, Off-balance sheet | 12,255 | 9,335 |
Fair Value [Member] | Level 1 [Member] | ||
Financial assets: | ||
Cash and due from banks | 109,363 | 105,968 |
Cash at Federal Reserve and other banks | 117,180 | 99,460 |
Fair Value [Member] | Level 2 [Member] | ||
Financial assets: | ||
Securities held to maturity | 446,287 | 518,165 |
Financial liabilities: | ||
Deposits | 5,088,024 | 4,006,620 |
Other borrowings | 282,831 | 122,166 |
Carrying Amount [Member] | Level 3 [Member] | ||
Financial assets: | ||
Loans, net | 3,995,833 | 2,984,842 |
Financial liabilities: | ||
Junior subordinated debt | 56,996 | 56,858 |
Carrying Amount [Member] | Level 1 [Member] | ||
Financial assets: | ||
Cash and due from banks | 109,363 | 105,968 |
Cash at Federal Reserve and other banks | 117,180 | 99,460 |
Carrying Amount [Member] | Level 2 [Member] | ||
Financial assets: | ||
Securities held to maturity | 459,897 | 514,844 |
Restricted equity securities | 17,250 | 16,956 |
Financial liabilities: | ||
Deposits | 5,093,117 | 4,009,131 |
Other borrowings | $ 282,831 | $ 122,166 |
Regulatory Matters - Actual and
Regulatory Matters - Actual and Required Capital Ratios of Bank (Detail) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Schedule of Capitalization [Line Items] | ||
Total Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio | 10.00% | 10.00% |
Tier 1 Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio | 8.00% | 8.00% |
Common Equity Tier 1 Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio | 6.50% | 6.50% |
Tier 1 Capital (to Average Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio | 5.00% | 5.00% |
Parent [Member] | ||
Schedule of Capitalization [Line Items] | ||
Total Capital (to Risk Weighted Assets), Actual, Amount | $ 664,197 | $ 528,805 |
Tier 1 Capital (to Risk Weighted Assets), Actual, Amount | 630,294 | 495,318 |
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual, Amount | 575,010 | 440,643 |
Tier 1 Capital (to Average Assets), Actual, Amount | $ 630,294 | $ 495,318 |
Total Capital (to Risk Weighted Assets), Actual, Ratio | 13.90% | 14.07% |
Tier 1 Capital (to Risk Weighted Assets), Actual, Ratio | 13.19% | 13.18% |
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual, Ratio | 12.03% | 11.72% |
Tier 1 Capital (to Average Assets), Actual, Ratio | 10.66% | 10.80% |
Parent [Member] | Basel III Phase-in Schedule [Member] | ||
Schedule of Capitalization [Line Items] | ||
Total Capital (to Risk Weighted Assets), Minimum Capital Requirement, Amount | $ 471,956 | $ 347,694 |
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement, Amount | 376,370 | 272,517 |
Common Equity Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement, Amount | 304,680 | 216,134 |
Tier 1 Capital (to Average Assets), Minimum Capital Requirement, Amount | $ 236,503 | $ 183,400 |
Total Capital (to Risk Weighted Assets), Minimum Capital Requirement, Ratio | 9.875% | 9.25% |
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement, Ratio | 7.875% | 7.25% |
Common Equity Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement, Ratio | 6.375% | 5.75% |
Tier 1 Capital (to Average Assets), Minimum Capital Requirement, Ratio | 4.00% | 4.00% |
Parent [Member] | Basel III Fully Phased In [Member] | ||
Schedule of Capitalization [Line Items] | ||
Total Capital (to Risk Weighted Assets), Minimum Capital Requirement, Amount | $ 501,826 | $ 394,679 |
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement, Amount | 406,240 | 319,502 |
Common Equity Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement, Amount | 334,551 | 263,120 |
Tier 1 Capital (to Average Assets), Minimum Capital Requirement, Amount | $ 236,503 | $ 183,400 |
Total Capital (to Risk Weighted Assets), Minimum Capital Requirement, Ratio | 10.50% | 10.50% |
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement, Ratio | 8.50% | 8.50% |
Common Equity Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement, Ratio | 7.00% | 7.00% |
Tier 1 Capital (to Average Assets), Minimum Capital Requirement, Ratio | 4.00% | 4.00% |
Tri Countries Bank [Member] | ||
Schedule of Capitalization [Line Items] | ||
Total Capital (to Risk Weighted Assets), Actual, Amount | $ 658,075 | $ 525,384 |
Tier 1 Capital (to Risk Weighted Assets), Actual, Amount | 624,172 | 491,897 |
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual, Amount | 624,172 | 491,897 |
Tier 1 Capital (to Average Assets), Actual, Amount | $ 624,172 | $ 491,897 |
Total Capital (to Risk Weighted Assets), Actual, Ratio | 13.77% | 13.98% |
Tier 1 Capital (to Risk Weighted Assets), Actual, Ratio | 13.06% | 13.09% |
Common Equity Tier 1 Capital (to Risk Weighted Assets), Actual, Ratio | 13.06% | 13.09% |
Tier 1 Capital (to Average Assets), Actual, Ratio | 10.56% | 10.73% |
Total Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | $ 477,756 | $ 375,713 |
Tier 1 Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | 382,205 | 300,570 |
Common Equity Tier 1 Capital (to Risk Weighted Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | 310,541 | 244,214 |
Tier 1 Capital (to Average Assets), Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount | 295,620 | 229,243 |
Tri Countries Bank [Member] | Basel III Phase-in Schedule [Member] | ||
Schedule of Capitalization [Line Items] | ||
Total Capital (to Risk Weighted Assets), Minimum Capital Requirement, Amount | 471,784 | 347,535 |
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement, Amount | 376,233 | 272,392 |
Common Equity Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement, Amount | 304,569 | 216,035 |
Tier 1 Capital (to Average Assets), Minimum Capital Requirement, Amount | $ 236,496 | $ 183,394 |
Total Capital (to Risk Weighted Assets), Minimum Capital Requirement, Ratio | 9.875% | 9.25% |
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement, Ratio | 7.875% | 7.25% |
Common Equity Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement, Ratio | 6.375% | 5.75% |
Tier 1 Capital (to Average Assets), Minimum Capital Requirement, Ratio | 4.00% | 4.00% |
Tri Countries Bank [Member] | Basel III Fully Phased In [Member] | ||
Schedule of Capitalization [Line Items] | ||
Total Capital (to Risk Weighted Assets), Minimum Capital Requirement, Amount | $ 501,643 | $ 394,499 |
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement, Amount | 406,092 | 319,356 |
Common Equity Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement, Amount | 334,429 | 262,999 |
Tier 1 Capital (to Average Assets), Minimum Capital Requirement, Amount | $ 236,496 | $ 183,394 |
Total Capital (to Risk Weighted Assets), Minimum Capital Requirement, Ratio | 10.50% | 10.50% |
Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement, Ratio | 8.50% | 8.50% |
Common Equity Tier 1 Capital (to Risk Weighted Assets), Minimum Capital Requirement, Ratio | 7.00% | 7.00% |
Tier 1 Capital (to Average Assets), Minimum Capital Requirement, Ratio | 4.00% | 4.00% |
Regulatory Matters - Additional
Regulatory Matters - Additional Information (Detail) | Dec. 31, 2019 | Sep. 30, 2018 |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Increase in risk-based capital ratios | 0.625% | |
Scenario, Forecast [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Minimum capital level requirements, Tier 1 capital ratio | 8.50% | |
Minimum capital level requirements, Total capital ratio | 10.50% | |
Scenario, Forecast [Member] | Common Stock [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Minimum capital level requirements, Tier 1 capital ratio | 7.00% |