Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2017 | Nov. 06, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | FIRST FINANCIAL CORP /IN/ | |
Entity Central Index Key | 714,562 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false | |
Entity Common Stock, Shares Outstanding | 12,223,750 | |
Trading Symbol | THFF |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and due from banks | $ 61,003 | $ 75,012 |
Federal funds sold | 9,398 | 6,952 |
Securities available-for-sale | 835,424 | 853,725 |
Loans: | ||
Loans Receivable, Gross, Commercial and Industrial | 1,109,098 | 1,106,182 |
Residential | 429,311 | 423,911 |
Consumer | 325,035 | 305,881 |
Loans, gross | 1,863,444 | 1,835,974 |
Less: Unearned Income | 3,120 | 3,206 |
Less: Allowance for loan losses | (19,802) | (18,773) |
Loans, Net | 1,846,762 | 1,820,407 |
Restricted Investments | 10,379 | 10,359 |
Accrued interest receivable | 13,364 | 12,311 |
Premises and equipment, net | 47,289 | 49,240 |
Bank-owned life insurance | 84,644 | 83,737 |
Goodwill | 34,355 | 34,355 |
Other intangible assets | 1,744 | 2,109 |
Other real estate owned | 1,866 | 2,531 |
Other assets | 36,114 | 37,789 |
TOTAL ASSETS | 2,982,342 | 2,988,527 |
Deposits: | ||
Non-interest-bearing | 438,207 | 564,092 |
Interest-bearing: | ||
Interest-bearing Domestic Deposit, Other | 1,820,675 | |
Total Deposits | 2,453,411 | 2,428,526 |
Federal Funds Purchased and Securities Sold under Agreements to Repurchase | 23,514 | 80,989 |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Amount of Advances | 0 | 132 |
Other liabilities | 61,859 | 64,485 |
TOTAL LIABILITIES | 2,538,784 | 2,574,132 |
Shareholders' equity | ||
Common stock, $.125 stated value per share; Authorized shares-40,000,000 Issued shares-14,595,320 in 2017 and 14,578,758 in 2016 Outstanding shares-12,223,750 in 2017 and 12,216,712 in 2016 | 1,822 | 1,820 |
Additional paid-in capital | 75,053 | 74,525 |
Retained earnings | 442,229 | 421,826 |
Accumulated other comprehensive income (loss) | (5,431) | (14,164) |
Less: Treasury shares at cost-2,371,570 in 2017 and 2,362,046 in 2016 | (70,115) | (69,612) |
TOTAL SHAREHOLDERS' EQUITY | 443,558 | 414,395 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 2,982,342 | 2,988,527 |
Interest-bearing Domestic Deposit, Certificates of Deposits | 41,156 | $ 43,759 |
Interest-bearing Deposit Liabilities, Domestic | $ 1,974,048 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Sep. 30, 2017 | Dec. 31, 2016 |
Common stock, stated value per share | $ 0.125 | $ 0.125 |
Common stock, Authorized shares | 40,000,000 | 40,000,000 |
Common stock, Issued shares | 14,595,320 | 14,578,758 |
Common stock, Outstanding shares | 12,223,750 | 12,216,712 |
Treasury, shares | 2,371,570 | 2,362,026 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
INTEREST INCOME: | ||||
Loans, including related fees | $ 23,119 | $ 21,753 | $ 67,385 | $ 64,208 |
Securities: | ||||
Taxable | 3,500 | 3,506 | 10,887 | 11,031 |
Tax-exempt | 1,859 | 1,826 | 5,529 | 5,466 |
Other | 327 | 365 | 978 | 1,096 |
TOTAL INTEREST INCOME | 28,805 | 27,450 | 84,779 | 81,801 |
INTEREST EXPENSE: | ||||
Deposits | 1,561 | 1,016 | 4,307 | 3,033 |
Short-term borrowings | 98 | 51 | 215 | 100 |
Other borrowings | 38 | 32 | 82 | 101 |
TOTAL INTEREST EXPENSE | 1,697 | 1,099 | 4,604 | 3,234 |
NET INTEREST INCOME | 27,108 | 26,351 | 80,175 | 78,567 |
Provision for loan losses | 1,185 | 1,091 | 3,821 | 2,361 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 25,923 | 25,260 | 76,354 | 76,206 |
NON-INTEREST INCOME: | ||||
Trust and financial services | 1,194 | 1,270 | 3,660 | 3,896 |
Service charges and fees on deposit accounts | 3,048 | 2,765 | 8,829 | 7,870 |
Other service charges and fees | 3,070 | 3,062 | 9,369 | 9,211 |
Net securities gains (losses) | 27 | 13 | 44 | 26 |
Insurance commissions | 33 | 35 | 91 | 2,340 |
Gain on Sale of certain assets and liabilities of Insurance Brokerage Operation | (199) | 0 | 12,822 | |
Gain on sales of mortgage loans | 535 | 522 | 1,255 | 1,407 |
Other | 633 | 455 | 4,454 | 931 |
TOTAL NON-INTEREST INCOME | 8,540 | 7,923 | 27,702 | 38,503 |
NON-INTEREST EXPENSE: | ||||
Salaries and employee benefits | 12,790 | 12,883 | 38,685 | 39,620 |
Occupancy expense | 1,769 | 1,785 | 5,298 | 5,238 |
Equipment expense | 1,792 | 1,878 | 5,424 | 5,523 |
FDIC Expense | 228 | 356 | 689 | 1,210 |
Other | 5,705 | 5,104 | 16,853 | 16,522 |
TOTAL NON-INTEREST EXPENSE | 22,284 | 22,006 | 66,949 | 68,113 |
INCOME BEFORE INCOME TAXES | 12,179 | 11,177 | 37,107 | 46,596 |
Income tax expense | 3,385 | 3,015 | 10,592 | 16,527 |
NET INCOME | 8,794 | 8,162 | 26,515 | 30,069 |
OTHER COMPREHENSIVE INCOME (LOSS) | ||||
Change in unrealized gains/losses on securities, net of reclassifications | (51) | 777 | 8,182 | 6,077 |
Change in funded status of post retirement benefits | 184 | 304 | 551 | 912 |
COMPREHENSIVE INCOME (LOSS) | $ 8,927 | $ 9,243 | $ 35,248 | $ 37,058 |
PER SHARE DATA | ||||
Basic and Diluted Earnings per Share (in dollars per share) | $ 0.72 | $ 0.67 | $ 2.17 | $ 2.43 |
Weighted average number of shares outstanding (in thousands) | 12,224 | 12,186 | 12,221 | 12,356 |
CONSOLIDATED STATEMENTS OF SHAR
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($) $ in Thousands | Total | Common Stock [Member] | Additional Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income/(Loss) [Member] | Treasury Stock [Member] |
Balance at Dec. 31, 2015 | $ 410,316 | $ 1,817 | $ 73,396 | $ 395,633 | $ (9,401) | $ (51,129) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 30,069 | 0 | 0 | 30,069 | 0 | 0 |
Other comprehensive income (loss) | 6,989 | 0 | 0 | 0 | 6,989 | 0 |
Omnibus Equity Incentive Plan | 513 | 2 | 511 | 0 | 0 | 0 |
Payments for Repurchase of Common Stock | (19,396) | 0 | 0 | 0 | ||
Dividends, Common Stock, Cash | (6,117) | 0 | 0 | (6,117) | 0 | 0 |
Balance at Sep. 30, 2016 | 422,374 | 1,819 | 73,907 | 419,585 | (2,412) | (70,525) |
Balance at Jun. 30, 2016 | 413,224 | 1,818 | 73,737 | 411,423 | (3,493) | (70,261) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 8,162 | 0 | 0 | 8,162 | 0 | 0 |
Other comprehensive income (loss) | 1,081 | 0 | 0 | 0 | 1,081 | 0 |
Omnibus Equity Incentive Plan | 171 | 1 | 170 | 0 | 0 | 0 |
Payments for Repurchase of Common Stock | (264) | 0 | 0 | 0 | 0 | |
Dividends, Common Stock, Cash | 0 | 0 | ||||
Balance at Sep. 30, 2016 | 422,374 | 1,819 | 73,907 | 419,585 | (2,412) | (70,525) |
Balance at Dec. 31, 2016 | 414,395 | 1,820 | 74,525 | 421,826 | (14,164) | (69,612) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 26,515 | 0 | 0 | 26,515 | 0 | 0 |
Other comprehensive income (loss) | 8,733 | 0 | 0 | 0 | 8,733 | 0 |
Omnibus Equity Incentive Plan | 530 | 2 | 528 | 0 | 0 | 0 |
Payments for Repurchase of Common Stock | (503) | 0 | 0 | 0 | ||
Dividends, Common Stock, Cash | (6,112) | 0 | 0 | (6,112) | 0 | 0 |
Balance at Sep. 30, 2017 | 443,558 | 1,822 | 75,053 | 442,229 | (5,431) | (70,115) |
Balance at Jun. 30, 2017 | 434,454 | 1,821 | 74,877 | 433,435 | (5,564) | (70,115) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 8,794 | 0 | 0 | 8,794 | 0 | 0 |
Other comprehensive income (loss) | 133 | 0 | 0 | 0 | 133 | 0 |
Omnibus Equity Incentive Plan | 177 | 1 | 176 | 0 | 0 | 0 |
Dividends, Common Stock, Cash | 0 | 0 | ||||
Balance at Sep. 30, 2017 | $ 443,558 | $ 1,822 | $ 75,053 | $ 442,229 | $ (5,431) | $ (70,115) |
CONSOLIDATED STATEMENTS OF SHA6
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (Parenthetical) - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Treasury stock purchase (in shares) | 0 | 7,444 | 9,524 | 575,224 |
Cash Dividends (in dollars per share) | $ 0 | $ 0 | $ 0 | $ 0 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net Income | $ 26,515 | $ 30,069 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Net amortization (accretion) of premiums and discounts on investments | 2,799 | 2,724 |
Provision for loan losses | 3,821 | 2,361 |
Securities (gains) losses | (44) | (26) |
(Gain) loss on sale of other real estate | 61 | 89 |
Gain on Sale of certain assets and liabilities of Insurance Brokerage Operation | 0 | (12,822) |
Restricted stock compensation | 530 | 513 |
Depreciation and amortization | 3,352 | 3,685 |
Other, net | (1,204) | 820 |
NET CASH FROM OPERATING ACTIVITIES | 35,830 | 27,413 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Proceeds from sales of securities available-for-sale | 9,105 | 0 |
Calls, maturities and principal reductions on securities available-for-sale | 106,993 | 114,941 |
Purchases of securities available-for-sale | (87,528) | (83,544) |
Increase (Decrease) in Federal Funds Sold | (2,446) | (34,690) |
Loans made to customers, net of repayment | (30,771) | (61,262) |
Payments to Acquire Restricted Investments | (20) | (10) |
Proceeds from sales of other real estate owned | 1,314 | 1,031 |
Additions to premises and equipment | (1,036) | (2,358) |
NET CASH FROM INVESTING ACTIVITIES | (4,389) | (48,997) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Net change in deposits | 24,880 | 36,823 |
Proceeds from (Payments for) in Securities Sold under Agreements to Repurchase | (57,475) | (2,461) |
Maturities of other borrowings | (170,132) | (6,672) |
Proceeds from Federal Home Loan Bank Borrowings | 170,000 | 4,350 |
Purchase of treasury stock | (503) | (19,396) |
Dividends paid | (12,220) | (12,359) |
NET CASH FROM FINANCING ACTIVITIES | (45,450) | 285 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | (14,009) | (21,299) |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 75,012 | 88,695 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | 61,003 | 67,396 |
Proceeds from sale | $ 0 | $ 16,895 |
Significant Accounting Policies
Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2017 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies | Significant Accounting Policies The significant accounting policies followed by the Corporation and its subsidiaries for interim financial reporting are consistent with the accounting policies followed for annual financial reporting. All adjustments which are, in the opinion of management, necessary for a fair statement of the results for the periods reported have been included in the accompanying consolidated financial statements and are of a normal recurring nature. The Corporation reports financial information for only one segment, banking. Some items in the prior year financials were reclassified to conform to the current presentation. The Omnibus Equity Incentive Plan is a long-term incentive plan that was designed to align the interests of participants with the interests of shareholders. Under the plan, awards may be made based on certain performance measures. The grants are made in restricted stock units that are subject to a vesting schedule. These shares vest over 3 years in increments of 33% , 33% , and 34% respectively. At the nine months ended 2017 and 2016 , 16,562 and 20,943 shares were awarded, respectively. These shares had a grant date value of $773 thousand and $677 thousand for 2017 and 2016 , vest over three years and their grant is not subject to future performance measures. Outstanding shares are increased at the award date for the total shares awarded. |
Allowance for Loan Losses
Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2017 | |
Allowance for Loan and Lease Losses Write-offs, Net [Abstract] | |
Allowance for Loan Losses | The following table presents the activity of the allowance for loan losses by portfolio segment for the three months ended September 30. Allowance for Loan Losses: September 30, 2017 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 10,223 $ 1,514 $ 6,218 $ 1,725 $ 19,680 Provision for loan losses (227 ) 14 1,415 (17 ) 1,185 Loans charged -off (281 ) (100 ) (1,583 ) — (1,964 ) Recoveries 222 91 588 — 901 Ending Balance $ 9,937 $ 1,519 $ 6,638 $ 1,708 $ 19,802 Allowance for Loan Losses: September 30, 2016 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 10,244 $ 1,595 $ 5,258 $ 2,407 $ 19,504 Provision for loan losses 571 40 1,275 (795 ) 1,091 Loans charged -off (1,029 ) (211 ) (1,484 ) — (2,724 ) Recoveries 479 154 570 — 1,203 Ending Balance $ 10,265 $ 1,578 $ 5,619 $ 1,612 $ 19,074 The following table presents the activity of the allowance for loan losses by portfolio segment for the nine months ended September 30. Allowance for Loan Losses: September 30, 2017 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 9,731 $ 1,553 $ 5,767 $ 1,722 $ 18,773 Provision for loan losses 176 (166 ) 3,825 (14 ) 3,821 Loans charged -off (1,059 ) (564 ) (4,705 ) — (6,328 ) Recoveries 1,089 696 1,751 — 3,536 Ending Balance $ 9,937 $ 1,519 $ 6,638 $ 1,708 $ 19,802 Allowance for Loan Losses: September 30, 2016 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 11,482 $ 1,834 $ 4,945 $ 1,685 $ 19,946 Provision for loan losses (520 ) 143 2,811 (73 ) 2,361 Loans charged -off (1,851 ) (682 ) (3,673 ) — (6,206 ) Recoveries 1,154 283 1,536 — 2,973 Ending Balance $ 10,265 $ 1,578 $ 5,619 $ 1,612 $ 19,074 The following table presents the allocation of the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method at September 30, 2017 and December 31, 2016 . Allowance for Loan Losses September 30, 2017 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Individually evaluated for impairment $ 409 $ 27 $ — $ — $ 436 Collectively evaluated for impairment 9,528 1,492 6,638 1,708 19,366 Acquired with deteriorated credit quality — — — — — Ending Balance $ 9,937 $ 1,519 $ 6,638 $ 1,708 $ 19,802 Loans: September 30, 2017 (Dollar amounts in thousands) Commercial Residential Consumer Total Individually evaluated for impairment $ 9,915 $ 484 $ — $ 10,399 Collectively evaluated for impairment 1,104,154 430,101 326,356 1,860,611 Acquired with deteriorated credit quality 1,897 — — 1,897 Ending Balance $ 1,115,966 $ 430,585 $ 326,356 $ 1,872,907 Allowance for Loan Losses: December 31, 2016 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Individually evaluated for impairment 242 89 — — 331 Collectively evaluated for impairment 9,489 1,464 5,767 1,722 18,442 Acquired with deteriorated credit quality — — — — — Ending Balance $ 9,731 $ 1,553 $ 5,767 $ 1,722 $ 18,773 Loans December 31, 2016 (Dollar amounts in thousands) Commercial Residential Consumer Total Individually evaluated for impairment 8,051 549 — 8,600 Collectively evaluated for impairment 1,101,269 423,099 307,226 1,831,594 Acquired with deteriorated credit quality 3,415 1,431 — 4,846 Ending Balance $ 1,112,735 $ 425,079 $ 307,226 $ 1,845,040 In the second quarter of 2017, the Corporation revised its historical loss period from four years to seven years as the Corporation believes the longer period is more appropriate as net charge-offs have been lower in recent years. The impact of this change was not material to the overall allowance for loan losses balance, however the unallocated portion was reduced by the change. The following tables present loans individually evaluated for impairment by class of loans. September 30, 2017 Unpaid Principal Recorded Allowance for Loan Losses Average Recorded Interest Income Cash Basis Interest (Dollar amounts in thousands) Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial Commercial & Industrial $ 813 $ 813 $ — $ 1,013 $ — $ — Farmland 3,639 3,639 — 1,349 — — Non Farm, Non Residential 2,662 2,662 — 2,861 — — Agriculture 214 214 — 268 — — All Other Commercial 1,283 1,283 — 1,325 — — Residential First Liens 22 22 — 24 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 502 502 150 519 — — Farmland 312 312 54 78 — — Non Farm, Non Residential — — — 164 — — Agriculture 691 490 205 215 — — All Other Commercial — — — — — — Residential First Liens 462 462 27 493 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 10,600 $ 10,399 $ 436 $ 8,309 $ — $ — December 31, 2016 Unpaid Principal Recorded Allowance for Loan Losses Average Recorded Interest Income Cash Basis Interest Income (Dollar amounts in thousands) Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial Commercial & Industrial $ 1,181 $ 1,181 $ — $ 981 $ — $ — Farmland 826 826 — 770 — — Non Farm, Non Residential 3,368 2,996 — 3,096 — — Agriculture 622 487 — 351 — — All Other Commercial 1,367 1,367 — 1,477 — — Residential First Liens 25 25 — 27 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 537 537 36 819 — — Farmland — — — — — — Non Farm, Non Residential 657 657 206 1,016 — Agriculture — — — 114 — — All Other Commercial — — — 45 — — Residential First Liens 524 524 89 647 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 9,107 $ 8,600 $ 331 $ 9,343 $ — $ — Three Months Ended Nine Months Ended Average Interest Cash Basis Average Interest Cash Basis (Dollar amounts in thousands) Investment Recognized Recognized Investment Recognized Recognized With no related allowance recorded: Commercial Commercial & Industrial $ 891 $ — $ — $ 1,013 $ — $ — Farmland 2,285 — — 1,349 — — Non Farm, Non Residential 3,218 — — 2,861 — — Agriculture 107 — — 268 — — All Other Commercial 1,297 — — 1,325 — — Residential First Liens 23 — — 24 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 508 — — 519 — — Farmland 156 — — 78 — — Non Farm, Non Residential — — — 164 — — Agriculture 430 — — 215 — — All Other Commercial — — — — — — Residential First Liens 473 — — 493 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 9,388 $ — $ — $ 8,309 $ — $ — Three Months Ended Nine Months Ended Average Interest Cash Basis Average Interest Cash Basis (Dollar amounts in thousands) Investment Recognized Recognized Investment Recognized Recognized With no related allowance recorded: Commercial Commercial & Industrial $ 719 $ — $ — $ 931 $ — $ — Farmland 1,513 — — 757 — — Non Farm, Non Residential 3,064 — — 3,121 — — Agriculture 635 — — 318 — — All Other Commercial 1,410 — — 1,504 — — Residential First Liens 27 — — 28 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 980 — — 890 — — Farmland — — — — — — Non Farm, Non Residential 915 — — 1,105 — — Agriculture 286 — — 143 — — All Other Commercial — — — 56 — — Residential First Liens 576 — — 677 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 10,125 $ — $ — $ 9,530 $ — $ — The tables below presents the recorded investment in non-performing loans. September 30, 2017 Loans Past Due Over 90 Day Still Troubled Debt Nonaccrual Excluding (Dollar amounts in thousands) Accruing Accruing Nonaccrual TDR Commercial Commercial & Industrial $ — $ 2 $ 212 $ 1,900 Farmland — — — 4,145 Non Farm, Non Residential — 1 2,694 185 Agriculture — — — 890 All Other Commercial — — — 1,310 Residential First Liens 997 3,262 630 4,161 Home Equity 44 — — 268 Junior Liens 26 — — 167 Multifamily — — — — All Other Residential — — — 94 Consumer Motor Vehicle 390 12 — 255 All Other Consumer 7 211 470 590 TOTAL $ 1,464 $ 3,488 $ 4,006 $ 13,965 December 31, 2016 Loans Past Due Over 90 Day Still Troubled Debt Nonaccrual Excluding (Dollar amounts in thousands) Accruing Accruing Nonaccrual TDR Commercial Commercial & Industrial $ 45 $ 3 $ 383 $ 2,405 Farmland — — — 978 Non Farm, Non Residential — 60 2,941 1,027 Agriculture — — — 744 All Other Commercial — — — 1,380 Residential First Liens 276 3,525 995 5,496 Home Equity — — — 285 Junior Liens 55 — — 202 Multifamily — — — — All Other Residential — — — 94 Consumer Motor Vehicle 293 60 — 140 All Other Consumer — 150 517 741 TOTAL $ 669 $ 3,798 $ 4,836 $ 13,492 There were $141 thousand of loans covered by loss share agreements with the FDIC included in loans past due over 90 days still on accrual at September 30, 2017 and there were $80 thousand at December 31, 2016 . There were $63 thousand of covered loans included in non-accrual loans at September 30, 2017 and there were $112 thousand at December 31, 2016 . There were no covered loans at September 30, 2017 or December 31, 2016 that were deemed impaired. Non-performing loans include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. The following tables presents the aging of the recorded investment in loans by past due category and class of loans. September 30, 2017 30-59 Days 60-89 Days Greater than 90 days Total (Dollar amounts in thousands) Past Due Past Due Past Due Past Due Current Total Commercial Commercial & Industrial $ 289 $ 403 $ 815 $ 1,507 $ 463,408 $ 464,915 Farmland — — 3,639 3,639 105,088 108,727 Non Farm, Non Residential — — — — 198,916 198,916 Agriculture 502 87 671 1,260 147,209 148,469 All Other Commercial — — 27 27 194,912 194,939 Residential First Liens 608 872 1,440 2,920 255,766 258,686 Home Equity 116 10 56 182 36,059 36,241 Junior Liens 200 136 113 449 40,111 40,560 Multifamily — — — — 82,828 82,828 All Other Residential — — 12 12 12,258 12,270 Consumer Motor Vehicle 3,287 602 427 4,316 296,607 300,923 All Other Consumer 107 15 8 130 25,303 25,433 TOTAL $ 5,109 $ 2,125 $ 7,208 $ 14,442 $ 1,858,465 $ 1,872,907 December 31, 2016 30-59 Days 60-89 Days Greater than 90 days Total (Dollar amounts in thousands) Past Due Past Due Past Due Past Due Current Total Commercial Commercial & Industrial $ 370 $ 114 $ 1,199 $ 1,683 $ 474,406 $ 476,089 Farmland 235 22 46 303 110,897 111,200 Non Farm, Non Residential 153 — 215 368 195,120 195,488 Agriculture 246 — 467 713 151,059 151,772 All Other Commercial 15 — — 15 178,171 178,186 Residential First Liens 3,862 954 1,516 6,332 264,446 270,778 Home Equity 186 64 27 277 35,782 36,059 Junior Liens 271 — 224 495 36,912 37,407 Multifamily — — — — 67,799 67,799 All Other Residential 42 12 — 54 12,982 13,036 Consumer Motor Vehicle 4,048 732 313 5,093 277,604 282,697 All Other Consumer 143 22 3 168 24,361 24,529 TOTAL $ 9,571 $ 1,920 $ 4,010 $ 15,501 $ 1,829,539 $ 1,845,040 During the three and nine months ended September 30, 2017 and 2016 , the terms of certain loans were modified as troubled debt restructurings (TDRs). The following tables present the activity for TDR's. 2017 (Dollar amounts in thousands) Commercial Residential Consumer Total July 1, $ 3,061 $ 4,198 $ 725 $ 7,984 Added — — 42 42 Charged Off — (155 ) (17 ) (172 ) Payments (153 ) (222 ) (55 ) (430 ) September 30, $ 2,908 $ 3,821 $ 695 $ 7,424 2017 (Dollar amounts in thousands) Commercial Residential Consumer Total January 1, $ 3,386 $ 4,447 $ 732 $ 8,565 Added — 227 251 478 Charged Off — (195 ) (88 ) (283 ) Payments (478 ) (658 ) (200 ) (1,336 ) September 30, $ 2,908 $ 3,821 $ 695 $ 7,424 2016 (Dollar amounts in thousands) Commercial Residential Consumer Total July 1, 3,453 5,033 669 9,155 Added — — 109 109 Charged Off — — (13 ) (13 ) Payments (71 ) (239 ) (55 ) (365 ) September 30, 3,382 4,794 710 8,886 2016 (Dollar amounts in thousands) Commercial Residential Consumer Total January 1, 3,584 5,593 683 9,860 Added — 123 259 382 Charged Off — (181 ) (39 ) (220 ) Payments (202 ) (741 ) (193 ) (1,136 ) September 30, 3,382 4,794 710 8,886 Modification of the terms of such loans typically include one or a combination of the following: a reduction of the stated interest rate of the loan; an extension of the maturity date at a stated rate of interest lower than the current market rate for new debt with similar risk; or a permanent reduction of the recorded investment in the loan. No modification in 2017 or 2016 resulted in the permanent reduction of the recorded investment in the loan. Modifications involving a reduction of the stated interest rate of the loan were for periods ranging from twelve months to five years. Modifications involving an extension of the maturity date were for periods ranging from twelve months to ten years. Troubled debt restructurings during the three and nine months ended September 30, 2017 and 2016 did not result in any material charge-offs or additional provision expense. The Corporation has no allocations of specific reserves to customers whose loan terms have been modified in troubled debt restructurings as of September 30, 2017 and 2016. The Corporation has not committed to lend additional amounts as of September 30, 2017 and 2016 to customers with outstanding loans that are classified as troubled debt restructurings. None of the charge-offs during the three and nine months ended September 30, 2017 and 2016 were of restructurings that had occurred in the previous 12 months. Credit Quality Indicators: The Corporation categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Corporation analyzes loans individually by classifying the loans as to credit risk. This analysis includes non-homogeneous loans, such as commercial loans, with an outstanding balance greater than $100 thousand . Any consumer loans outstanding to a borrower who had commercial loans analyzed will be similarly risk rated. This analysis is performed on a quarterly basis. The Corporation uses the following definitions for risk ratings: Special Mention: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard: Loans classified as substandard are inadequately protected by the current net worth and debt service capacity of the borrower or of any pledged collateral. These loans have a well-defined weakness or weaknesses which have clearly jeopardized repayment of principal and interest as originally intended. They are characterized by the distinct possibility that the institution will sustain some future loss if the deficiencies are not corrected. Doubtful: Loans classified as doubtful have all the weaknesses inherent in those graded substandard, with the added characteristic that the severity of the weaknesses makes collection or liquidation in full highly questionable or improbable based upon currently existing facts, conditions, and values. Furthermore, non-homogeneous loans which were not individually analyzed, but are 90+ days past due or on non-accrual are classified as substandard. Loans included in homogeneous pools, such as residential or consumer may be classified as substandard due to 90+ days delinquency, non-accrual status, bankruptcy, or loan restructuring. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Loans listed as not rated are either those with an outstanding balance less than $100 thousand or are included in groups of homogeneous loans. As of September 30, 2017 and December 31, 2016 , and based on the most recent analysis performed, the risk category of loans by class of loans are as follows: September 30, 2017 (Dollar amounts in thousands) Pass Special Mention Substandard Doubtful Not Rated Total Commercial Commercial & Industrial $ 424,500 $ 12,758 $ 17,983 $ 203 $ 8,095 $ 463,539 Farmland 87,650 11,537 7,528 — 26 106,741 Non Farm, Non Residential 174,709 9,529 14,240 — — 198,478 Agriculture 112,100 21,831 12,113 — 288 146,332 All Other Commercial 182,009 2,819 7,673 — 1,507 194,008 Residential First Liens 44,959 881 3,979 8 207,990 257,817 Home Equity 324 — 117 — 35,726 36,167 Junior Liens 1,954 79 239 101 38,094 40,467 Multifamily 82,552 — — — 77 82,629 All Other Residential — — 49 — 12,182 12,231 Consumer Motor Vehicle — — 542 — 299,173 299,715 All Other Consumer — — 63 — 25,257 25,320 TOTAL $ 1,110,757 $ 59,434 $ 64,526 $ 312 $ 628,415 $ 1,863,444 December 31, 2016 (Dollar amounts in thousands) Pass Special Mention Substandard Doubtful Not Rated Total Commercial Commercial & Industrial $ 427,262 $ 16,286 $ 25,177 $ 449 $ 5,730 $ 474,904 Farmland 95,115 8,300 5,238 — 532 109,185 Non Farm, Non Residential 172,739 5,745 16,601 — — 195,085 Agriculture 121,983 13,885 12,301 — 1,366 149,535 All Other Commercial 163,492 596 10,058 76 3,251 177,473 Residential First Liens 43,674 1,541 4,466 18 220,249 269,948 Home Equity 363 — 86 — 35,554 36,003 Junior Liens 1,826 85 401 26 34,977 37,315 Multifamily 66,133 1,430 15 — 65 67,643 All Other Residential — — — — 13,002 13,002 Consumer Motor Vehicle — — 331 — 281,134 281,465 All Other Consumer — — 25 — 24,391 24,416 TOTAL $ 1,092,587 $ 47,868 $ 74,699 $ 569 $ 620,251 $ 1,835,974 |
Securities
Securities | 9 Months Ended |
Sep. 30, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
Securities | September 30, 2017 (Dollar amounts in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government agencies $ 14,690 $ 30 $ (186 ) $ 14,534 Mortgage Backed Securities - residential 225,789 3,412 (861 ) 228,340 Mortgage Backed Securities - commercial 1 — — 1 Collateralized mortgage obligations 349,949 1,401 (3,745 ) 347,605 State and municipal obligations 224,978 6,682 (408 ) 231,252 Collateralized debt obligations 8,815 4,877 — 13,692 TOTAL $ 824,222 $ 16,402 $ (5,200 ) $ 835,424 December 31, 2016 (Dollar amounts in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government agencies $ 13,594 $ 32 $ (377 ) $ 13,249 Mortgage Backed Securities-residential 261,878 3,200 (4,073 ) 261,005 Mortgage Backed Securities-commercial 4 — — 4 Collateralized mortgage obligations 353,499 1,021 (6,344 ) 348,176 State and municipal obligations 217,365 3,954 (2,396 ) 218,923 Collateralized debt obligations 9,181 4,411 (1,224 ) 12,368 TOTAL $ 855,521 $ 12,618 $ (14,414 ) $ 853,725 Contractual maturities of debt securities at September 30, 2017 were as follows. Securities not due at a single maturity or with no maturity date, primarily mortgage-backed and equity securities are shown separately. Available-for-Sale Amortized Fair (Dollar amounts in thousands) Cost Value Due in one year or less $ 5,342 $ 5,374 Due after one but within five years 43,735 45,078 Due after five but within ten years 82,145 85,260 Due after ten years 117,261 123,766 248,483 259,478 Mortgage-backed securities and collateralized mortgage obligations 575,739 575,946 TOTAL $ 824,222 $ 835,424 There were $27 thousand and $44 thousand in gross gains and no losses from investment sales/calls realized by the Corporation for the three and nine months ended September 30, 2017 . For the three and nine months ended September 30, 2016 there were $13 thousand and $26 thousand in gross gains and no losses on sales of investment securities. The following tables show the securities’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position, at September 30, 2017 and December 31, 2016 . September 30, 2017 Less Than 12 Months More Than 12 Months Total Unrealized Unrealized Unrealized (Dollar amounts in thousands) Fair Value Losses Fair Value Losses Fair Value Losses U.S. Government agencies $ 13,691 $ (186 ) $ — $ — $ 13,691 $ (186 ) Mortgage Backed Securities - Residential $ 60,513 $ (806 ) $ 3,698 $ (55 ) $ 64,211 $ (861 ) Collateralized mortgage obligations 128,330 (1,541 ) 72,731 (2,204 ) 201,061 (3,745 ) State and municipal obligations 14,422 (123 ) 11,356 (285 ) 25,778 (408 ) Total temporarily impaired securities $ 216,956 $ (2,656 ) $ 87,785 $ (2,544 ) $ 304,741 $ (5,200 ) December 31, 2016 Less Than 12 Months More Than 12 Months Total Unrealized Unrealized Unrealized (Dollar amounts in thousands) Fair Value Losses Fair Value Losses Fair Value Losses US Government entity mortgage-backed securities $ 12,224 $ (377 ) $ — $ — $ 12,224 $ (377 ) Mortgage Backed Securities - Residential $ 202,248 $ (4,072 ) $ 152 $ (1 ) $ 202,400 $ (4,073 ) Collateralized mortgage obligations 169,717 (3,086 ) 79,999 (3,258 ) 249,716 (6,344 ) State and municipal obligations 72,852 (2,396 ) — — 72,852 (2,396 ) Collateralized Debt Obligations 7,561 (1,224 ) — — 7,561 (1,224 ) Total temporarily impaired securities $ 464,602 $ (11,155 ) $ 80,151 $ (3,259 ) $ 544,753 $ (14,414 ) Management evaluates securities for other-than-temporary impairment (“OTTI”) at least on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. The investment securities portfolio is evaluated for OTTI by segregating the portfolio into two general segments and applying the appropriate OTTI model. Investment securities are generally evaluated for OTTI under FASB ASC 320, Investments - Debt and Equity Securities . However, certain purchased beneficial interests, including non-agency mortgage-backed securities, asset-backed securities, and collateralized debt obligations, that had credit ratings at the time of purchase of below AA are evaluated using the model outlined in FASB ASC 325-40, Beneficial Interests in Securitized Financial Assets. When OTTI occurs under either model, the amount of the OTTI recognized in earnings depends on whether an entity intends to sell the security or it is more likely than not it will be required to sell the security before recovery of its amortized cost basis, less any current-period credit loss. If an entity intends to sell or it is more likely than not it will be required to sell the security before recovery of its amortized cost basis, less any current-period credit loss, the OTTI shall be recognized in earnings equal to the entire difference between the investment’s amortized cost basis and its fair value at the balance sheet date. If an entity does not intend to sell the security and it is not more likely than not that the entity will be required to sell the security before recovery of its amortized cost basis less any current-period loss, the OTTI shall be separated into the amount representing the credit loss and the amount related to all other factors. The amount of the total OTTI related to the credit loss is determined based on the present value of cash flows expected to be collected and is recognized in earnings. The amount of the total OTTI related to other factors is recognized in other comprehensive income, net of applicable taxes. The previous amortized cost basis less the OTTI recognized in earnings becomes the new amortized cost basis of the investment. Gross unrealized losses on investment securities were $5.2 million as of September 30, 2017 and $14.4 million as of December 31, 2016 . A majority of these losses represent negative adjustments to market value relative to the interest rate environment reflecting the increase in market rates and not losses related to the creditworthiness of the issuer. Based upon our review of the issuers, we do not believe these investments to be other than temporarily impaired. Management does not intend to sell these securities and it is not more likely than not that we will be required to sell them before their anticipated recovery. There are three collateralized debt obligations securities with previously recorded OTTI but there was no additional OTTI recorded in 2017 or 2016 . During the quarter ended March 31, 2017, one of the obligations was partially called, resulting in the elimination of the OTTI associated with that obligation. A cash recovery of $3.1 million was received and recognized in non-interest income for the period as the book value of the security was previously written down to zero. Management has consistently used Standard & Poors pricing to value these investments. There are a number of other pricing sources available to determine fair value for these investments. These sources utilize a variety of methods to determine fair value. The result is a wide range of estimates of fair value for these securities. The Standard & Poors pricing ranges from 62.79 to 74.53 while Moody Investor Service pricing ranges from 18.58 to 48.44 , with others falling somewhere in between. We recognize that the Standard & Poors pricing utilized is an estimate, but have been consistent in using this source and its estimate of fair value. The table below presents a rollforward of the credit losses recognized in earnings for the three and nine month periods ended September 30, 2017 and 2016 : Three Months Ended September 30, Nine Months Ended September 30, (Dollar amounts in thousands) 2017 2016 2017 2016 Beginning balance $ 7,132 $ 13,974 $ 13,974 $ 13,995 Increases to the amount related to the credit Loss for which other-than-temporary was previously recognized — — — — Reductions for increases in cash flows collected — — (21 ) Reductions for securities called during the period — — (6,842 ) — Ending balance $ 7,132 $ 13,974 $ 7,132 $ 13,974 |
Fair Value
Fair Value | 9 Months Ended |
Sep. 30, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value | FASB ASC No. 820-10 establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) of identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level I prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The fair value of most securities available for sale is determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs) or matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). For those securities that cannot be priced using quoted market prices or observable inputs a Level 3 valuation is determined. These securities are primarily trust preferred securities, which are priced using Level 3 due to current market illiquidity and certain investments in state and municipal securities. The fair value of the trust preferred securities is obtained from a third party provider without adjustment. As described previously, management obtains values from other pricing sources to validate the Standard & Poors pricing that they currently utilize. The fair value of state and municipal obligations are derived by comparing the securities to current market rates plus an appropriate credit spread to determine an estimated value. Illiquidity spreads are then considered. Credit reviews are performed on each of the issuers. The significant unobservable inputs used in the fair value measurement of the Corporation’s state and municipal obligations are credit spreads related to specific issuers. Significantly higher credit spread assumptions would result in significantly lower fair value measurement. Conversely, significantly lower credit spreads would result in a significantly higher fair value measurements. The fair value of derivatives is based on valuation models using observable market data as of the measurement date (Level 2 inputs). September 30, 2017 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total U.S. Government agencies $ — $ 14,534 $ — $ 14,534 Mortgage Backed Securities-residential — 228,340 — 228,340 Mortgage Backed Securities-commercial — 1 — 1 Collateralized mortgage obligations — 347,605 — 347,605 State and municipal — 227,572 3,680 231,252 Collateralized debt obligations — — 13,692 13,692 TOTAL $ — $ 818,052 $ 17,372 $ 835,424 Derivative Assets 484 Derivative Liabilities (484 ) December 31, 2016 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total U.S. Government agencies $ — $ 13,249 $ — $ 13,249 Mortgage Backed Securities-residential — 261,005 — 261,005 Mortgage Backed Securities-commercial — 4 — 4 Collateralized mortgage obligations — 348,176 — 348,176 State and municipal — 214,713 4,210 218,923 Collateralized debt obligations — — 12,368 12,368 TOTAL $ — $ 837,147 $ 16,578 $ 853,725 Derivative Assets 653 Derivative Liabilities (653 ) There were no transfers between Level 1 and Level 2 during 2017 and 2016. The tables below presents a reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2017 and the year ended December 31, 2016 . Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Three Months Ended September 30, 2017 (Dollar amounts in thousands) State and municipal obligations Collateralized debt obligations Total Beginning balance, July 1 $ 3,680 $ 12,283 $ 15,963 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — 1,547 1,547 Transfers — — — Settlements — (138 ) (138 ) Ending balance, September 30 $ 3,680 $ 13,692 $ 17,372 Nine Months Ended September 30, 2017 (Dollar amounts in thousands) State and Collateralized Total Beginning balance, January 1 $ 4,210 $ 12,368 $ 16,578 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — 1,690 1,690 Transfers — — — Settlements (530 ) (366 ) (896 ) Ending balance, September 30 $ 3,680 $ 13,692 $ 17,372 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Year Ended December 31, 2016 (Dollar amounts in thousands) State and municipal obligations Collateralized debt obligations Total Beginning balance, January 1 $ 4,725 $ 14,875 $ 19,600 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — (2,066 ) (2,066 ) Purchases — — — Settlements (515 ) (441 ) (956 ) Ending balance, December 31 $ 4,210 $ 12,368 $ 16,578 The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at September 30, 2017 . (Dollar amounts in thousands) Fair Value Valuation Technique(s) Unobservable Input(s) Range State and municipal obligations $ 3,680 Discounted cash flow Discount rate 2.30%-5.45% 0% Other real estate $ 1,866 Sales comparison/income approach Discount rate for age of appraisal and market conditions 5.00%-20.00% Impaired Loans $ 1,330 Sales comparison/income approach Discount rate for age of appraisal and market conditions 0.00%-50.00% The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at December 31, 2016 . (Dollar amounts in thousands) Fair Value Valuation Technique(s) Unobservable Input(s) Range State and municipal obligations $ 4,210 Discounted cash flow Discount rate 3.05%-5.50% 0% Other real estate $ 2,531 Sales comparison/income approach Discount rate for age of appraisal and market conditions 5.00%-20.00% Impaired Loans 1,387 Sales comparison/income approach Discount rate for age of appraisal and market conditions 0.00%-50.00% Impaired loans disclosed in footnote 2, which are measured for impairment using the fair value of collateral, are valued at Level 3. They are carried at a fair value of $1.3 million , after a valuation allowance of $436 thousand at September 30, 2017 and at a fair value of $1.4 million , net of a valuation allowance of $331 thousand at December 31, 2016 . The impact to the provision for loan losses for the three and nine months ended September 30, 2017 and for the twelve months ended December 31, 2016 was a $29 thousand increase, a $105 thousand increase, and a $523 thousand decrease, respectively. Other real estate owned is valued at Level 3. Other real estate owned at September 30, 2017 with a value of $1.9 million was reduced $959 thousand for fair value adjustment. At September 30, 2017 other real estate owned was comprised of $1.6 million from commercial loans and $246 thousand from residential loans. Other real estate owned at December 31, 2016 with a value of $2.5 million was reduced $930 thousand for fair value adjustment. At December 31, 2016 other real estate owned was comprised of $2.0 million from commercial loans and $483 thousand from residential loans. Fair value is measured based on the value of the collateral securing those loans, and is determined using several methods. Generally the fair value of real estate is determined based on appraisals by qualified licensed appraisers. Appraisals for real estate generally use three methods to derive value: cost, sales or market comparison and income approach. The cost method bases value on the cost to replace current property. The market comparison evaluates the sales price of similar properties in the same market area. The income approach considers net operating income generated by the property and the investor’s required return. The final fair value is based on a reconciliation of these three approaches. If an appraisal is not available, the fair value may be determined by using a cash flow analysis, a broker’s opinion of value, the net present value of future cash flows, or an observable market price from an active market. Fair value of other real estate is based upon the current appraised values of the properties as determined by qualified licensed appraisers and the Company’s judgment of other relevant market conditions. Appraisals are obtained annually and reductions in value are recorded as a valuation through a charge to expense. The primary unobservable input used by management in estimating fair value are additional discounts to the appraised value to consider market conditions and the age of the appraisal, which are based on management’s past experience in resolving these types of properties. These discounts range from 0% to 50% . Values for non-real estate collateral, such as business equipment, are based on appraisals performed by qualified licensed appraisers or the customers financial statements. Values for non real estate collateral use much higher discounts than real estate collateral. Other real estate and impaired loans carried at fair value are primarily comprised of smaller balance properties. The following tables presents loans identified as impaired by class of loans, and carried at fair value on a non-recuring basis, as of September 30, 2017 and December 31, 2016 , which are all considered Level 3. September 30, 2017 (Dollar amounts in thousands) Carrying Value Allowance for Loan Losses Allocated Fair Value Commercial Commercial & Industrial $ 502 $ 150 $ 352 Farmland 312 54 258 Non Farm, Non Residential — — — Agriculture 490 205 285 All Other Commercial — — — Residential First Liens 462 27 435 Home Equity — — — Junior Liens — — — Multifamily — — — All Other Residential — — — Consumer Motor Vehicle — — — All Other Consumer — — — TOTAL $ 1,766 $ 436 $ 1,330 December 31, 2016 (Dollar amounts in thousands) Carrying Value Allowance for Loan Losses Allocated Fair Value Commercial Commercial & Industrial $ 537 $ 36 $ 501 Farmland — — — Non Farm, Non Residential 657 206 451 Agriculture — — — All Other Commercial — — — Residential First Liens 524 89 435 Home Equity — — — Junior Liens — — — Multifamily — — — All Other Residential — — — Consumer Motor Vehicle — — — All Other Consumer — — — TOTAL $ 1,718 $ 331 $ 1,387 The carrying amounts and estimated fair value of financial instruments at September 30, 2017 and December 31, 2016 , are shown below. Carrying amount is the estimated fair value for cash and due from banks, federal funds sold, short-term borrowings, accrued interest receivable and payable, demand deposits, short-term debt and variable-rate loans or deposits that reprice frequently and fully. Security fair values were described previously. For fixed-rate, non-impaired loans or deposits, variable rate loans or deposits with infrequent repricing or repricing limits, and for longer-term borrowings, fair value is based on discounted cash flows using current market rates applied to the estimated life and considering credit risk. The valuation of impaired loans was described previously. Loan fair value estimates do not necessarily represent an exit price. Fair values of loans held for sale are based on market bids on the loans or similar loans. It was not practicable to determine the fair value of Federal Home Loan Bank stock due to restrictions placed on its transferability. Fair value of debt is based on current rates for similar financing. The fair value of off-balance sheet items is not considered material. September 30, 2017 Carrying Fair Value (Dollar amounts in thousands) Value Level 1 Level 2 Level 3 Total Cash and due from banks $ 61,003 $ 18,709 $ 42,294 $ — $ 61,003 Federal funds sold 9,398 — 9,398 — 9,398 Securities available-for-sale 835,424 — 818,052 17,372 835,424 Restricted stock 10,379 n/a n/a n/a n/a Loans, net 1,846,762 — — 1,862,884 1,862,884 Accrued interest receivable 13,364 — 3,992 9,372 13,364 Deposits (2,453,411 ) — (2,453,096 ) — (2,453,096 ) Short-term borrowings (23,514 ) — (23,514 ) — (23,514 ) Federal Home Loan Bank advances — — — — — Accrued interest payable (354 ) — (354 ) — (354 ) December 31, 2016 Carrying Fair Value (Dollar amounts in thousands) Value Level 1 Level 2 Level 3 Total Cash and due from banks $ 75,012 $ 21,047 $ 53,965 $ — $ 75,012 Federal funds sold 6,952 — 6,952 — 6,952 Securities available-for-sale 853,725 — 837,147 16,578 853,725 Restricted stock 10,359 n/a n/a n/a n/a Loans, net 1,820,407 — — 1,854,046 1,854,046 Accrued interest receivable 12,311 — 3,340 8,971 12,311 Deposits (2,428,526 ) — (2,414,555 ) — (2,414,555 ) Short-term borrowings (80,989 ) — (80,989 ) — (80,989 ) Federal Home Loan Bank advances (132 ) — (137 ) — (137 ) Accrued interest payable (363 ) — (363 ) — (363 ) |
Short-Term Borrowings
Short-Term Borrowings | 9 Months Ended |
Sep. 30, 2017 | |
Short-term Debt [Abstract] | |
Short-Term Borrowings | Short-Term Borrowings Period–end short-term borrowings were comprised of the following: (000 's) September 30, 2017 December 31, 2016 Federal Funds Purchased $ 1,300 $ 49,982 Repurchase Agreements 22,214 31,007 $ 23,514 $ 80,989 The Corporation enters into sales of securities under agreements to repurchase. The amounts received under these agreements represent short-term borrowings and are reflected as a liability in the consolidated balance sheets. The securities underlying these agreements are included in investment securities in the consolidated balance sheets. The Corporation has no control over the market value of the securities, which fluctuates due to market conditions. However, the Corporation is obligated to promptly transfer additional securities if the market value of the securities falls below the repurchase agreement price. The Corporation manages this risk by maintaining an unpledged securities portfolio that it believes is sufficient to cover a decline in the market value of the securities sold under agreements to repurchase. Collateral pledged to repurchase agreements by remaining maturity are as follows: September 30, 2017 Repurchase Agreements Remaining Contractual Maturity of the Agreements (Dollar amounts in thousands) Overnight and continuous Up to 30 days 30 - 90 days Greater than 90 days Total Mortgage Backed Securities - Residential and Collateralized Mortgage Obligations $ 5,622 $ — $ — $ 16,592 $ 22,214 December 31, 2016 Repurchase Agreements Remaining Contractual Maturity of the Agreements (Dollar amounts in thousands) Overnight and continuous Up to 30 days 30 - 90 days Greater than 90 days Total Mortgage Backed Securities - Residential and Collateralized Mortgage Obligations $ 11,238 $ 9,495 $ 9,516 $ 758 $ 31,007 |
Components of Net Periodic Bene
Components of Net Periodic Benefit Cost | 9 Months Ended |
Sep. 30, 2017 | |
Retirement Benefits [Abstract] | |
Components of Net Periodic Benefit Cost | Components of Net Periodic Benefit Cost Three Months Ended September 30, Nine Months Ended September 30, (000's) (000's) Pension Benefits Post-Retirement Health Benefits Pension Benefits Post-Retirement Health Benefits 2017 2016 2017 2016 2017 2016 2017 2016 Service cost $ 358 $ 470 $ 13 $ 14 $ 1,074 $ 1,411 $ 40 $ 41 Interest cost 905 932 43 46 2,716 2,797 129 139 Expected return on plan assets (985 ) (857 ) — — (2,955 ) (2,572 ) — — Net amortization of prior service cost — — — — 1 1 — — Net amortization of net (gain) loss 301 484 — — 903 1,451 — — Net Periodic Benefit Cost $ 579 $ 1,029 $ 56 $ 60 $ 1,739 $ 3,088 $ 169 $ 180 Employer Contributions First Financial Corporation previously disclosed in its financial statements for the year ended December 31, 2016 that it expected to contribute $2.5 million and $ 858 thousand respectively to its Pension Plan and ESOP and $260 thousand to the Post Retirement Health Benefits Plan in 2017. Contributions of $1.9 million have been made to the Pension Plan thus far in 2017. Contributions of $167 thousand have been made through the first nine months of 2017 for the Post Retirement Health Benefits plan. No contributions have been made in 2017 for the ESOP. The Pension plan was frozen for most employees at the end of 2012 and for those employees there will be discretionary contributions to the ESOP plan and a 401K plan in place of the former Pension benefit. In the first nine months of 2017 and 2016 there has been $1.3 million and $1.2 million of expense accrued for potential contributions to these alternative retirement benefit options. |
New accounting standards
New accounting standards | 9 Months Ended |
Sep. 30, 2017 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
New accounting standards | New accounting standards Accounting Pronouncements Adopted: ASU No. 2016-09, "Improvements to Employee Share-Based Payment Accounting” includes provisions intended to simplify various aspects related to how share-based payments are accounted for and presented in the financial statements. Some of the key provisions of this new ASU include: (1) companies will no longer record excess tax benefits and certain tax deficiencies in additional paid-in capital (“APIC”). Instead, they will record all excess tax benefits and tax deficiencies as income tax expense or benefit in the income statement, and APIC pools will be eliminated. The guidance also eliminates the requirement that excess tax benefits be realized before companies can recognize them. In addition, the guidance requires companies to present excess tax benefits as an operating activity on the statement of cash flows rather than as a financing activity; (2) increase the amount an employer can withhold to cover income taxes on awards and still qualify for the exception to liability classification for shares used to satisfy the employer’s statutory income tax withholding obligation. The new guidance will also require an employer to classify the cash paid to a tax authority when shares are withheld to satisfy its statutory income tax withholding obligation as a financing activity on its statement of cash flows (current guidance did not specify how these cash flows should be classified); and (3) permit companies to make an accounting policy election for the impact of forfeitures on the recognition of expense for share-based payment awards. Forfeitures can be estimated, as required today, or recognized when they occur. The Corporation adopted ASU 2016-09 in the first quarter of 2017. The adoption of ASU No. 2016-09 did not have a material impact on the consolidated financial statements. Recent Accounting Pronouncements: In May 2014, the FASB issued an update (ASU No. 2014-09, Revenue from Contracts with Customers) creating FASB Topic 606, Revenue from Contracts with Customers. The guidance in this update affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (for example, insurance contracts or lease contracts). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides steps to follow to achieve the core principle. An entity should disclose sufficient information to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The amendments in this update become effective for annual periods and interim periods within those annual periods beginning after December 15, 2017. We do not expect the new standard to result in a material change from our current accounting for revenue because the majority of the Corporation’s revenue is not within the scope of Topic 606, but it will result in new disclosure requirements. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities, amending ASU Subtopic 825-10. The amendments in this update make targeted improvements to generally accepted accounting principles (GAAP) as follows: 1) Require equity investments to be measured at fair value with changes in fair value recognized in net income.; 2) Simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment.; 3) Eliminate the requirement to disclose the fair value of financial instruments measured at amortized cost for entities that are not public business entities.; 4) Eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet.; 5) Require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes.; 6) Require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments.; 7) Require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements.; and 8) Clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. The amendments in this update are effective for fiscal years beginning after December 15, 2017. The impact is not expected to be material to the financial statements. However, the fair value disclosures for our loan portfolio will consider the exit price upon adoption. In February 2016, the FASB issued ASU No. 2016-02, "Leases." Under the new guidance, lessees will be required to recognize the following for all leases (with the exception of short-term leases): 1) a lease liability, which is the present value of a lessee's obligation to make lease payments, and 2) a right-of-use asset, which is an asset that represents the lessee's right to use, or control the use of, a specified asset for the lease term. Lessor accounting under the new guidance remains largely unchanged as it is substantially equivalent to existing guidance for sales-type leases, direct financing leases, and operating leases. Leveraged leases have been eliminated, although lessors can continue to account for existing leveraged leases using the current accounting guidance. Other limited changes were made to align lessor accounting with the lessee accounting model and the new revenue recognition standard. All entities will classify leases to determine how to recognize lease-related revenue and expense. Quantitative and qualitative disclosures will be required by lessees and lessors to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The intention is to require enough information to supplement the amounts recorded in the financial statements so that users can understand more about the nature of an entity’s leasing activities. ASU No. 2016-02 is effective for interim and annual reporting periods beginning after December 15, 2018; early adoption is permitted. All entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. They have the option to use certain relief; full retrospective application is prohibited. The Corporation is currently evaluating the provisions of ASU No. 2016-02 and will be closely monitoring developments and additional guidance to determine the potential impact the new standard will have on the Corporation's Consolidated Financial Statements. In June 2016 ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU 2016-13), was issued and requires entities to use a current expected credit loss ("CECL") model which is a new impairment model based on expected losses rather than incurred losses. Under this model an entity would recognize an impairment allowance equal to its current estimate of all contractual cash flows that the entity does not expect to collect from financial assets measured at amortized cost. The entity's estimate would consider relevant information about past events, current conditions, and reasonable and supportable forecasts, which will result in recognition of lifetime expected credit losses upon loan origination. ASU 2016-13 is effective for interim and annual reporting periods beginning after December 15, 2019, with early adoption permitted for annual reporting periods beginning after December 15, 2018. Management has initiated an implementation committee to assist in assessing data and system needs for the new standard. Management anticipates the effect will be an increase to the allowance for loan losses upon adoption, however, the overall increase is uncertain at this time. In August of 2016 ASU 2016-15 "Statement of Cash Flows (Topic 230)" ("ASU 2016-15") was issued and is intended to reduce the diversity in practice around how certain transactions are classified within the statement of cash flows. ASU 2016-15 is effective for public companies for annual periods beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted with retrospective application. The Corporation is assessing ASU 2016-15 but does not expect a significant impact on its accounting and disclosures. In January 2017, the FASB issued ASU No. 2017-04, “Simplifying the Test for Goodwill Impairment.” The guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. Goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. All other goodwill impairment guidance will remain largely unchanged. ASU No. 2017-04 is effective for interim and annual reporting periods beginning after December 15, 2019, applied prospectively. Early adoption is permitted for any impairment tests performed after January 1, 2017. The Corporation is assessing ASU 2017-04 but does not expect a significant impact on its accounting and disclosures. In March 2017, the FASB issued ASU No. 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” Under the new guidance, employers will present the service cost component of the net periodic benefit cost in the same income statement line item (e.g., Salaries and Benefits) as other employee compensation costs arising from services rendered during the period. In addition, only the service cost component will be eligible for capitalization in assets. Employers will present the other components separately (e.g., Other Noninterest Expense) from the line item that includes the service cost. ASU No. 2017-07 is effective for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted, however, the Corporation has decided not to early adopt. Employers will apply the guidance on the presentation of the components of net periodic benefit cost in the income statement retrospectively. The guidance limiting the capitalization of net periodic benefit cost in assets to the service cost component will be applied prospectively. The Corporation is assessing ASU 2017-07 but does not expect a significant impact on its accounting and disclosures. In March 2017, the FASB issued ASU No. 2017-08, “Premium Amortization on Purchased Callable Debt Securities.” This ASU shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. Today, entities generally amortize the premium over the contractual life of the security. The new guidance does not change the accounting for purchased callable debt securities held at a discount; the discount continues to be amortized to maturity. ASU No. 2017-08 is effective for interim and annual reporting periods beginning after December 15, 2018; early adoption is permitted. The guidance calls for a modified retrospective transition approach under which a cumulative-effect adjustment will be made to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. The impact is not expected to be material on the financial statements of the provisions of ASU No. 2017-08. In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification”. ASU 2017-09 was issued to provide clarity and reduce both 1) diversity in practice and 2) cost and complexity when applying the guidance in Topic 718, Compensation - Stock Compensation, to a change to the terms or conditions of a share-based payment award. Diversity in practice has arisen in part because some entities apply modification accounting under Topic 718 for modifications to terms and conditions that they consider substantive, but do not when they conclude that particular modifications are not substantive. Others apply modification accounting for any change to an award, except for changes that they consider purely administrative in nature. Still others apply modification accounting when a change to an award changes the fair value, the vesting, or the classification of the award. In practice, it appears that the evaluation of a change in fair value, vesting, or classification may be used to evaluate whether a change is substantive. ASU 2017-09 include guidance on determining which changes to the terms and conditions of share-based payment awards require an entity to apply modification accounting under Topic 718. ASU 2017-09 is effective for the annual period, and interim periods within the annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period for: (a) public business entities for reporting periods for which financial statements have not yet been issued, and (b) all other entities for reporting periods for which financial statements have not yet been made available for issuance. ASU 2017-09 should be applied prospectively to an award modified on or after the adoption date. The Corporation is currently in the process of evaluating the impact of ASU 2017-09 on its consolidated financial statements, but does not expect the adoption of ASU 2017-09 to have material impact on it consolidated financial statements. |
Acquisitions and FDIC Indemnifi
Acquisitions and FDIC Indemnification Asset | 9 Months Ended |
Sep. 30, 2017 | |
Business Combinations [Abstract] | |
Acquisitions and FDIC Indemnification Asset | Acquisitions, Divestitures and FDIC Indemnification Asset The Bank is party to a loss sharing agreement with the FDIC as a result of a 2009 acquisition. Under the loss-sharing agreement (“LSA”), the Bank will share in the losses on assets covered under the agreement (referred to as covered assets). On losses up to $29 million , the FDIC has agreed to reimburse the Bank for 80 percent of the losses. On losses exceeding $29 million , the FDIC has agreed to reimburse the Bank for 95 percent of the losses. The loss-sharing agreement is subject to following servicing procedures as specified in the agreement with the FDIC. Loans acquired that are subject to the loss-sharing agreement with the FDIC are referred to as covered loans for disclosure purposes. Since the acquisition date the Bank has been reimbursed $ 19.4 million for losses and carrying expenses and currently carries an immaterial balance in the indemnification asset. The balance of loans covered by the loss share agreement at September 30, 2017 and December 31, 2016 totaled $4.4 million and $5.1 million , respectively. The only loans still covered by the loss share agreement are the single family loans; however recoveries on non-single family loans are still subject to sharing with the FDIC through July 2, 2017. FASB ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality, applies to a loan with evidence of deterioration of credit quality since origination, acquired by completion of a transfer for which it is probable, at acquisition, that the investor will be unable to collect all contractually required payments receivable. FASB ASC 310-30 prohibits carrying over or creating an allowance for loan losses upon initial recognition. The carrying amount of loans accounted for in accordance with FASB ASC 310-30 at September 30, 2017 and 2016 are shown in the following table: 2017 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, July 1, $ 1,983 $ — $ 1,983 Discount accretion — — — Disposals (47 ) — (47 ) ASC 310-30 Loans, September 30, $ 1,936 $ — $ 1,936 2017 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, January 1, $ 3,451 $ 1,430 $ 4,881 Discount accretion — — — Disposals (1,515 ) (1,430 ) (2,945 ) ASC 310-30 Loans, September 30, $ 1,936 $ — $ 1,936 2016 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, July 1, $ 3,912 $ 1,456 $ 5,368 Discount accretion — — — Disposals (125 ) (13 ) (138 ) ASC 310-30 Loans, September 30, $ 3,787 $ 1,443 $ 5,230 2016 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, January 1, $ 4,122 $ 1,480 $ 5,602 Discount accretion — — — Disposals (335 ) (37 ) (372 ) ASC 310-30 Loans, September 30, $ 3,787 $ 1,443 $ 5,230 During the quarter ended March 31, 2016 the Corporation sold a significant portion of the assets and liabilities of the insurance operation for a gain of $ 12.8 million . The total assets, total revenues and net income of the insurance operation for 2015 were $13.0 million , $7.6 million and $168 thousand , respectively. For 2014 they were $15.8 million , $8.3 million and $554 thousand , respectively. The Corporation has chosen to focus its resources on the core banking activities. |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 9 Months Ended |
Sep. 30, 2017 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Accumulated Other Comprehensive Income | 9. Accumulated Other Comprehensive Income The following tables summarize the changes, net of tax, within each classification of accumulated other comprehensive income/(loss) for the three and nine months ended September 30, 2017 and 2016 . Unrealized gains and 2017 (Losses) on available- for-sale Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, July 1, $ 7,156 $ (12,720 ) $ (5,564 ) Change in other comprehensive income (loss) before reclassification (33 ) — (33 ) Amounts reclassified from accumulated other comprehensive income (18 ) 184 166 Net Current period other comprehensive other income (51 ) 184 133 Ending balance, September 30, $ 7,105 $ (12,536 ) $ (5,431 ) Unrealized gains and 2017 (Losses) on Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, January 1, $ (1,077 ) $ (13,087 ) $ (14,164 ) Change in other comprehensive income (loss) before reclassification 8,211 — 8,211 Amounts reclassified from accumulated other comprehensive income (29 ) 551 522 Net Current period other comprehensive other income 8,182 551 8,733 Ending balance, September 30, $ 7,105 $ (12,536 ) $ (5,431 ) Unrealized gains and 2016 (Losses) on available- for-sale Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, July 1, $ 14,353 $ (17,846 ) $ (3,493 ) Change in other comprehensive income (loss) before reclassification 786 — 786 Amounts reclassified from accumulated other comprehensive income (9 ) 304 295 Net Current period other comprehensive other income 777 304 1,081 Ending balance, September 30, $ 15,130 $ (17,542 ) $ (2,412 ) Unrealized gains and 2016 (Losses) on Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, January 1, $ 9,053 $ (18,454 ) $ (9,401 ) Change in other comprehensive income (loss) before reclassification 6,094 — 6,094 Amounts reclassified from accumulated other comprehensive income (17 ) 912 895 Net Current period other comprehensive other income 6,077 912 6,989 Ending balance, September 30, $ 15,130 $ (17,542 ) $ (2,412 ) Balance at Current Period Balance at (Dollar amounts in thousands) 7/1/2017 Change 9/30/2017 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ 5,129 $ (993 ) $ 4,136 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 2,027 942 2,969 Total unrealized loss on securities available-for-sale $ 7,156 $ (51 ) $ 7,105 Unrealized loss on retirement plans (12,720 ) 184 (12,536 ) TOTAL $ (5,564 ) $ 133 $ (5,431 ) Balance at Current Period Balance at (Dollar amounts in thousands) 1/1/2017 Change 9/30/2017 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ (3,018 ) $ 7,154 $ 4,136 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 1,941 1,028 2,969 Total unrealized loss on securities available-for-sale $ (1,077 ) $ 8,182 $ 7,105 Unrealized loss on retirement plans (13,087 ) 551 (12,536 ) TOTAL $ (14,164 ) $ 8,733 $ (5,431 ) Balance at Current Period Balance at (Dollar amounts in thousands) 7/1/2016 Change 9/30/2016 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ 13,120 $ 663 $ 13,783 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 1,233 114 1,347 Total unrealized loss on securities available-for-sale $ 14,353 $ 777 $ 15,130 Unrealized loss on retirement plans (17,846 ) 304 (17,542 ) TOTAL $ (3,493 ) $ 1,081 $ (2,412 ) Balance at Current Period Balance at (Dollar amounts in thousands) 1/1/2016 Change 9/30/2016 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ 6,083 $ 7,700 $ 13,783 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 2,970 (1,623 ) 1,347 Total unrealized loss on securities available-for-sale $ 9,053 $ 6,077 $ 15,130 Unrealized loss on retirement plans (18,454 ) 912 (17,542 ) TOTAL $ (9,401 ) $ 6,989 $ (2,412 ) Three Months Ended September 30, 2017 Details about accumulated Amount reclassified from Affected line item in other comprehensive accumulated other the statement where income components comprehensive income net income is presented (in thousands) Unrealized gains and losses $ 27 Net securities gains (losses) on available-for-sale (9 ) Income tax expense securities $ 18 Net of tax Amortization of $ (301 ) (a) Salary and benefits retirement plan items 117 Income tax expense $ (184 ) Net of tax Total reclassifications for the period $ (166 ) Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 6 for additional details). Nine Months Ended September 30, 2017 Details about accumulated Amount reclassified from Affected line item in other comprehensive accumulated other the statement where income components comprehensive income net income is presented (in thousands) Unrealized gains and losses $ 44 Net securities gains (losses) on available-for-sale (15 ) Income tax expense securities $ 29 Net of tax Amortization of $ (903 ) (a) Salary and benefits retirement plan items 352 Income tax expense $ (551 ) Net of tax Total reclassifications for the period $ (522 ) Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 6 for additional details). Three Months Ended September 30, 2016 Details about accumulated Amount reclassified from Affected line item in other comprehensive accumulated other the statement where income components comprehensive income net income is presented (in thousands) Unrealized gains and losses $ 13 Net securities gains (losses) on available-for-sale (4 ) Income tax expense securities $ 9 Net of tax Amortization of $ (507 ) (a) Salary and benefits retirement plan items 203 Income tax expense $ (304 ) Net of tax Total reclassifications for the period $ (295 ) Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 6 for additional details). Nine Months Ended September 30, 2016 Details about accumulated Amount reclassified from Affected line item in other comprehensive accumulated other the statement where income components comprehensive income net income is presented (in thousands) Unrealized gains and losses $ 26 Net securities gains (losses) on available-for-sale (9 ) Income tax expense securities $ 17 Net of tax Amortization of $ (1,521 ) (a) Salary and benefits retirement plan items 609 Income tax expense $ (912 ) Net of tax Total reclassifications for the period $ (895 ) Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 6 for additional details). |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Allowance for Loan and Lease Losses Write-offs, Net [Abstract] | |
Schedule of allowances for loan losses by portfolio segment | The following table presents the activity of the allowance for loan losses by portfolio segment for the three months ended September 30. Allowance for Loan Losses: September 30, 2017 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 10,223 $ 1,514 $ 6,218 $ 1,725 $ 19,680 Provision for loan losses (227 ) 14 1,415 (17 ) 1,185 Loans charged -off (281 ) (100 ) (1,583 ) — (1,964 ) Recoveries 222 91 588 — 901 Ending Balance $ 9,937 $ 1,519 $ 6,638 $ 1,708 $ 19,802 Allowance for Loan Losses: September 30, 2016 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Beginning balance $ 10,244 $ 1,595 $ 5,258 $ 2,407 $ 19,504 Provision for loan losses 571 40 1,275 (795 ) 1,091 Loans charged -off (1,029 ) (211 ) (1,484 ) — (2,724 ) Recoveries 479 154 570 — 1,203 Ending Balance $ 10,265 $ 1,578 $ 5,619 $ 1,612 $ 19,074 |
Allocation of the allowance for loan losses by portfolio segment based on the impairment method | The following table presents the allocation of the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method at September 30, 2017 and December 31, 2016 . Allowance for Loan Losses September 30, 2017 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Individually evaluated for impairment $ 409 $ 27 $ — $ — $ 436 Collectively evaluated for impairment 9,528 1,492 6,638 1,708 19,366 Acquired with deteriorated credit quality — — — — — Ending Balance $ 9,937 $ 1,519 $ 6,638 $ 1,708 $ 19,802 Loans: September 30, 2017 (Dollar amounts in thousands) Commercial Residential Consumer Total Individually evaluated for impairment $ 9,915 $ 484 $ — $ 10,399 Collectively evaluated for impairment 1,104,154 430,101 326,356 1,860,611 Acquired with deteriorated credit quality 1,897 — — 1,897 Ending Balance $ 1,115,966 $ 430,585 $ 326,356 $ 1,872,907 Allowance for Loan Losses: December 31, 2016 (Dollar amounts in thousands) Commercial Residential Consumer Unallocated Total Individually evaluated for impairment 242 89 — — 331 Collectively evaluated for impairment 9,489 1,464 5,767 1,722 18,442 Acquired with deteriorated credit quality — — — — — Ending Balance $ 9,731 $ 1,553 $ 5,767 $ 1,722 $ 18,773 Loans December 31, 2016 (Dollar amounts in thousands) Commercial Residential Consumer Total Individually evaluated for impairment 8,051 549 — 8,600 Collectively evaluated for impairment 1,101,269 423,099 307,226 1,831,594 Acquired with deteriorated credit quality 3,415 1,431 — 4,846 Ending Balance $ 1,112,735 $ 425,079 $ 307,226 $ 1,845,040 |
Schedule of loans individually evaluated for impairment by class of loans | The following tables present loans individually evaluated for impairment by class of loans. September 30, 2017 Unpaid Principal Recorded Allowance for Loan Losses Average Recorded Interest Income Cash Basis Interest (Dollar amounts in thousands) Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial Commercial & Industrial $ 813 $ 813 $ — $ 1,013 $ — $ — Farmland 3,639 3,639 — 1,349 — — Non Farm, Non Residential 2,662 2,662 — 2,861 — — Agriculture 214 214 — 268 — — All Other Commercial 1,283 1,283 — 1,325 — — Residential First Liens 22 22 — 24 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 502 502 150 519 — — Farmland 312 312 54 78 — — Non Farm, Non Residential — — — 164 — — Agriculture 691 490 205 215 — — All Other Commercial — — — — — — Residential First Liens 462 462 27 493 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 10,600 $ 10,399 $ 436 $ 8,309 $ — $ — December 31, 2016 Unpaid Principal Recorded Allowance for Loan Losses Average Recorded Interest Income Cash Basis Interest Income (Dollar amounts in thousands) Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial Commercial & Industrial $ 1,181 $ 1,181 $ — $ 981 $ — $ — Farmland 826 826 — 770 — — Non Farm, Non Residential 3,368 2,996 — 3,096 — — Agriculture 622 487 — 351 — — All Other Commercial 1,367 1,367 — 1,477 — — Residential First Liens 25 25 — 27 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — With an allowance recorded: Commercial Commercial & Industrial 537 537 36 819 — — Farmland — — — — — — Non Farm, Non Residential 657 657 206 1,016 — Agriculture — — — 114 — — All Other Commercial — — — 45 — — Residential First Liens 524 524 89 647 — — Home Equity — — — — — — Junior Liens — — — — — — Multifamily — — — — — — All Other Residential — — — — — — Consumer Motor Vehicle — — — — — — All Other Consumer — — — — — — TOTAL $ 9,107 $ 8,600 $ 331 $ 9,343 $ — $ — |
Schedule of non-performing loans | The tables below presents the recorded investment in non-performing loans. September 30, 2017 Loans Past Due Over 90 Day Still Troubled Debt Nonaccrual Excluding (Dollar amounts in thousands) Accruing Accruing Nonaccrual TDR Commercial Commercial & Industrial $ — $ 2 $ 212 $ 1,900 Farmland — — — 4,145 Non Farm, Non Residential — 1 2,694 185 Agriculture — — — 890 All Other Commercial — — — 1,310 Residential First Liens 997 3,262 630 4,161 Home Equity 44 — — 268 Junior Liens 26 — — 167 Multifamily — — — — All Other Residential — — — 94 Consumer Motor Vehicle 390 12 — 255 All Other Consumer 7 211 470 590 TOTAL $ 1,464 $ 3,488 $ 4,006 $ 13,965 December 31, 2016 Loans Past Due Over 90 Day Still Troubled Debt Nonaccrual Excluding (Dollar amounts in thousands) Accruing Accruing Nonaccrual TDR Commercial Commercial & Industrial $ 45 $ 3 $ 383 $ 2,405 Farmland — — — 978 Non Farm, Non Residential — 60 2,941 1,027 Agriculture — — — 744 All Other Commercial — — — 1,380 Residential First Liens 276 3,525 995 5,496 Home Equity — — — 285 Junior Liens 55 — — 202 Multifamily — — — — All Other Residential — — — 94 Consumer Motor Vehicle 293 60 — 140 All Other Consumer — 150 517 741 TOTAL $ 669 $ 3,798 $ 4,836 $ 13,492 |
Troubled Debt Restructurings on Financing Receivables | During the three and nine months ended September 30, 2017 and 2016 , the terms of certain loans were modified as troubled debt restructurings (TDRs). The following tables present the activity for TDR's. 2017 (Dollar amounts in thousands) Commercial Residential Consumer Total July 1, $ 3,061 $ 4,198 $ 725 $ 7,984 Added — — 42 42 Charged Off — (155 ) (17 ) (172 ) Payments (153 ) (222 ) (55 ) (430 ) September 30, $ 2,908 $ 3,821 $ 695 $ 7,424 2017 (Dollar amounts in thousands) Commercial Residential Consumer Total January 1, $ 3,386 $ 4,447 $ 732 $ 8,565 Added — 227 251 478 Charged Off — (195 ) (88 ) (283 ) Payments (478 ) (658 ) (200 ) (1,336 ) September 30, $ 2,908 $ 3,821 $ 695 $ 7,424 2016 (Dollar amounts in thousands) Commercial Residential Consumer Total July 1, 3,453 5,033 669 9,155 Added — — 109 109 Charged Off — — (13 ) (13 ) Payments (71 ) (239 ) (55 ) (365 ) September 30, 3,382 4,794 710 8,886 2016 (Dollar amounts in thousands) Commercial Residential Consumer Total January 1, 3,584 5,593 683 9,860 Added — 123 259 382 Charged Off — (181 ) (39 ) (220 ) Payments (202 ) (741 ) (193 ) (1,136 ) September 30, 3,382 4,794 710 8,886 |
Aging of recorded investment in loans by past due category and class of loans | The following tables presents the aging of the recorded investment in loans by past due category and class of loans. September 30, 2017 30-59 Days 60-89 Days Greater than 90 days Total (Dollar amounts in thousands) Past Due Past Due Past Due Past Due Current Total Commercial Commercial & Industrial $ 289 $ 403 $ 815 $ 1,507 $ 463,408 $ 464,915 Farmland — — 3,639 3,639 105,088 108,727 Non Farm, Non Residential — — — — 198,916 198,916 Agriculture 502 87 671 1,260 147,209 148,469 All Other Commercial — — 27 27 194,912 194,939 Residential First Liens 608 872 1,440 2,920 255,766 258,686 Home Equity 116 10 56 182 36,059 36,241 Junior Liens 200 136 113 449 40,111 40,560 Multifamily — — — — 82,828 82,828 All Other Residential — — 12 12 12,258 12,270 Consumer Motor Vehicle 3,287 602 427 4,316 296,607 300,923 All Other Consumer 107 15 8 130 25,303 25,433 TOTAL $ 5,109 $ 2,125 $ 7,208 $ 14,442 $ 1,858,465 $ 1,872,907 December 31, 2016 30-59 Days 60-89 Days Greater than 90 days Total (Dollar amounts in thousands) Past Due Past Due Past Due Past Due Current Total Commercial Commercial & Industrial $ 370 $ 114 $ 1,199 $ 1,683 $ 474,406 $ 476,089 Farmland 235 22 46 303 110,897 111,200 Non Farm, Non Residential 153 — 215 368 195,120 195,488 Agriculture 246 — 467 713 151,059 151,772 All Other Commercial 15 — — 15 178,171 178,186 Residential First Liens 3,862 954 1,516 6,332 264,446 270,778 Home Equity 186 64 27 277 35,782 36,059 Junior Liens 271 — 224 495 36,912 37,407 Multifamily — — — — 67,799 67,799 All Other Residential 42 12 — 54 12,982 13,036 Consumer Motor Vehicle 4,048 732 313 5,093 277,604 282,697 All Other Consumer 143 22 3 168 24,361 24,529 TOTAL $ 9,571 $ 1,920 $ 4,010 $ 15,501 $ 1,829,539 $ 1,845,040 |
Analysis of risk category of loans by class of loans | Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Loans listed as not rated are either those with an outstanding balance less than $100 thousand or are included in groups of homogeneous loans. As of September 30, 2017 and December 31, 2016 , and based on the most recent analysis performed, the risk category of loans by class of loans are as follows: September 30, 2017 (Dollar amounts in thousands) Pass Special Mention Substandard Doubtful Not Rated Total Commercial Commercial & Industrial $ 424,500 $ 12,758 $ 17,983 $ 203 $ 8,095 $ 463,539 Farmland 87,650 11,537 7,528 — 26 106,741 Non Farm, Non Residential 174,709 9,529 14,240 — — 198,478 Agriculture 112,100 21,831 12,113 — 288 146,332 All Other Commercial 182,009 2,819 7,673 — 1,507 194,008 Residential First Liens 44,959 881 3,979 8 207,990 257,817 Home Equity 324 — 117 — 35,726 36,167 Junior Liens 1,954 79 239 101 38,094 40,467 Multifamily 82,552 — — — 77 82,629 All Other Residential — — 49 — 12,182 12,231 Consumer Motor Vehicle — — 542 — 299,173 299,715 All Other Consumer — — 63 — 25,257 25,320 TOTAL $ 1,110,757 $ 59,434 $ 64,526 $ 312 $ 628,415 $ 1,863,444 December 31, 2016 (Dollar amounts in thousands) Pass Special Mention Substandard Doubtful Not Rated Total Commercial Commercial & Industrial $ 427,262 $ 16,286 $ 25,177 $ 449 $ 5,730 $ 474,904 Farmland 95,115 8,300 5,238 — 532 109,185 Non Farm, Non Residential 172,739 5,745 16,601 — — 195,085 Agriculture 121,983 13,885 12,301 — 1,366 149,535 All Other Commercial 163,492 596 10,058 76 3,251 177,473 Residential First Liens 43,674 1,541 4,466 18 220,249 269,948 Home Equity 363 — 86 — 35,554 36,003 Junior Liens 1,826 85 401 26 34,977 37,315 Multifamily 66,133 1,430 15 — 65 67,643 All Other Residential — — — — 13,002 13,002 Consumer Motor Vehicle — — 331 — 281,134 281,465 All Other Consumer — — 25 — 24,391 24,416 TOTAL $ 1,092,587 $ 47,868 $ 74,699 $ 569 $ 620,251 $ 1,835,974 |
Securities (Tables)
Securities (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
Amortized cost and fair value of investments classified as available-for-sale | September 30, 2017 (Dollar amounts in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government agencies $ 14,690 $ 30 $ (186 ) $ 14,534 Mortgage Backed Securities - residential 225,789 3,412 (861 ) 228,340 Mortgage Backed Securities - commercial 1 — — 1 Collateralized mortgage obligations 349,949 1,401 (3,745 ) 347,605 State and municipal obligations 224,978 6,682 (408 ) 231,252 Collateralized debt obligations 8,815 4,877 — 13,692 TOTAL $ 824,222 $ 16,402 $ (5,200 ) $ 835,424 December 31, 2016 (Dollar amounts in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value U.S. Government agencies $ 13,594 $ 32 $ (377 ) $ 13,249 Mortgage Backed Securities-residential 261,878 3,200 (4,073 ) 261,005 Mortgage Backed Securities-commercial 4 — — 4 Collateralized mortgage obligations 353,499 1,021 (6,344 ) 348,176 State and municipal obligations 217,365 3,954 (2,396 ) 218,923 Collateralized debt obligations 9,181 4,411 (1,224 ) 12,368 TOTAL $ 855,521 $ 12,618 $ (14,414 ) $ 853,725 |
Schedule of contractual maturities of debt securities | Contractual maturities of debt securities at September 30, 2017 were as follows. Securities not due at a single maturity or with no maturity date, primarily mortgage-backed and equity securities are shown separately. Available-for-Sale Amortized Fair (Dollar amounts in thousands) Cost Value Due in one year or less $ 5,342 $ 5,374 Due after one but within five years 43,735 45,078 Due after five but within ten years 82,145 85,260 Due after ten years 117,261 123,766 248,483 259,478 Mortgage-backed securities and collateralized mortgage obligations 575,739 575,946 TOTAL $ 824,222 $ 835,424 |
Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position | The following tables show the securities’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position, at September 30, 2017 and December 31, 2016 . September 30, 2017 Less Than 12 Months More Than 12 Months Total Unrealized Unrealized Unrealized (Dollar amounts in thousands) Fair Value Losses Fair Value Losses Fair Value Losses U.S. Government agencies $ 13,691 $ (186 ) $ — $ — $ 13,691 $ (186 ) Mortgage Backed Securities - Residential $ 60,513 $ (806 ) $ 3,698 $ (55 ) $ 64,211 $ (861 ) Collateralized mortgage obligations 128,330 (1,541 ) 72,731 (2,204 ) 201,061 (3,745 ) State and municipal obligations 14,422 (123 ) 11,356 (285 ) 25,778 (408 ) Total temporarily impaired securities $ 216,956 $ (2,656 ) $ 87,785 $ (2,544 ) $ 304,741 $ (5,200 ) December 31, 2016 Less Than 12 Months More Than 12 Months Total Unrealized Unrealized Unrealized (Dollar amounts in thousands) Fair Value Losses Fair Value Losses Fair Value Losses US Government entity mortgage-backed securities $ 12,224 $ (377 ) $ — $ — $ 12,224 $ (377 ) Mortgage Backed Securities - Residential $ 202,248 $ (4,072 ) $ 152 $ (1 ) $ 202,400 $ (4,073 ) Collateralized mortgage obligations 169,717 (3,086 ) 79,999 (3,258 ) 249,716 (6,344 ) State and municipal obligations 72,852 (2,396 ) — — 72,852 (2,396 ) Collateralized Debt Obligations 7,561 (1,224 ) — — 7,561 (1,224 ) Total temporarily impaired securities $ 464,602 $ (11,155 ) $ 80,151 $ (3,259 ) $ 544,753 $ (14,414 ) |
Rollforward of the credit losses recognized in earnings | The table below presents a rollforward of the credit losses recognized in earnings for the three and nine month periods ended September 30, 2017 and 2016 : Three Months Ended September 30, Nine Months Ended September 30, (Dollar amounts in thousands) 2017 2016 2017 2016 Beginning balance $ 7,132 $ 13,974 $ 13,974 $ 13,995 Increases to the amount related to the credit Loss for which other-than-temporary was previously recognized — — — — Reductions for increases in cash flows collected — — (21 ) Reductions for securities called during the period — — (6,842 ) — Ending balance $ 7,132 $ 13,974 $ 7,132 $ 13,974 |
Fair Value (Tables)
Fair Value (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Fair Value Disclosures [Abstract] | |
Schedule of assets and liabilities measured at fair value | The fair value of derivatives is based on valuation models using observable market data as of the measurement date (Level 2 inputs). September 30, 2017 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total U.S. Government agencies $ — $ 14,534 $ — $ 14,534 Mortgage Backed Securities-residential — 228,340 — 228,340 Mortgage Backed Securities-commercial — 1 — 1 Collateralized mortgage obligations — 347,605 — 347,605 State and municipal — 227,572 3,680 231,252 Collateralized debt obligations — — 13,692 13,692 TOTAL $ — $ 818,052 $ 17,372 $ 835,424 Derivative Assets 484 Derivative Liabilities (484 ) December 31, 2016 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total U.S. Government agencies $ — $ 13,249 $ — $ 13,249 Mortgage Backed Securities-residential — 261,005 — 261,005 Mortgage Backed Securities-commercial — 4 — 4 Collateralized mortgage obligations — 348,176 — 348,176 State and municipal — 214,713 4,210 218,923 Collateralized debt obligations — — 12,368 12,368 TOTAL $ — $ 837,147 $ 16,578 $ 853,725 Derivative Assets 653 Derivative Liabilities (653 ) |
Roll forward of financial instruments having fair value measurements using significant unobservable inputs (Level 3) | The tables below presents a reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2017 and the year ended December 31, 2016 . Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Three Months Ended September 30, 2017 (Dollar amounts in thousands) State and municipal obligations Collateralized debt obligations Total Beginning balance, July 1 $ 3,680 $ 12,283 $ 15,963 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — 1,547 1,547 Transfers — — — Settlements — (138 ) (138 ) Ending balance, September 30 $ 3,680 $ 13,692 $ 17,372 Nine Months Ended September 30, 2017 (Dollar amounts in thousands) State and Collateralized Total Beginning balance, January 1 $ 4,210 $ 12,368 $ 16,578 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — 1,690 1,690 Transfers — — — Settlements (530 ) (366 ) (896 ) Ending balance, September 30 $ 3,680 $ 13,692 $ 17,372 Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Year Ended December 31, 2016 (Dollar amounts in thousands) State and municipal obligations Collateralized debt obligations Total Beginning balance, January 1 $ 4,725 $ 14,875 $ 19,600 Total realized/unrealized gains or losses Included in earnings — — — Included in other comprehensive income — (2,066 ) (2,066 ) Purchases — — — Settlements (515 ) (441 ) (956 ) Ending balance, December 31 $ 4,210 $ 12,368 $ 16,578 |
Quantitative information about recurring and non-recurring Level 3 | The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at September 30, 2017 . (Dollar amounts in thousands) Fair Value Valuation Technique(s) Unobservable Input(s) Range State and municipal obligations $ 3,680 Discounted cash flow Discount rate 2.30%-5.45% 0% Other real estate $ 1,866 Sales comparison/income approach Discount rate for age of appraisal and market conditions 5.00%-20.00% Impaired Loans $ 1,330 Sales comparison/income approach Discount rate for age of appraisal and market conditions 0.00%-50.00% The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at December 31, 2016 . (Dollar amounts in thousands) Fair Value Valuation Technique(s) Unobservable Input(s) Range State and municipal obligations $ 4,210 Discounted cash flow Discount rate 3.05%-5.50% 0% Other real estate $ 2,531 Sales comparison/income approach Discount rate for age of appraisal and market conditions 5.00%-20.00% Impaired Loans 1,387 Sales comparison/income approach Discount rate for age of appraisal and market conditions 0.00%-50.00% |
Schedule of loans identified as impaired by class of loans | The following tables presents loans identified as impaired by class of loans, and carried at fair value on a non-recuring basis, as of September 30, 2017 and December 31, 2016 , which are all considered Level 3. September 30, 2017 (Dollar amounts in thousands) Carrying Value Allowance for Loan Losses Allocated Fair Value Commercial Commercial & Industrial $ 502 $ 150 $ 352 Farmland 312 54 258 Non Farm, Non Residential — — — Agriculture 490 205 285 All Other Commercial — — — Residential First Liens 462 27 435 Home Equity — — — Junior Liens — — — Multifamily — — — All Other Residential — — — Consumer Motor Vehicle — — — All Other Consumer — — — TOTAL $ 1,766 $ 436 $ 1,330 December 31, 2016 (Dollar amounts in thousands) Carrying Value Allowance for Loan Losses Allocated Fair Value Commercial Commercial & Industrial $ 537 $ 36 $ 501 Farmland — — — Non Farm, Non Residential 657 206 451 Agriculture — — — All Other Commercial — — — Residential First Liens 524 89 435 Home Equity — — — Junior Liens — — — Multifamily — — — All Other Residential — — — Consumer Motor Vehicle — — — All Other Consumer — — — TOTAL $ 1,718 $ 331 $ 1,387 |
Schedule of carrying amount and estimated fair value of financial instruments | The fair value of off-balance sheet items is not considered material. September 30, 2017 Carrying Fair Value (Dollar amounts in thousands) Value Level 1 Level 2 Level 3 Total Cash and due from banks $ 61,003 $ 18,709 $ 42,294 $ — $ 61,003 Federal funds sold 9,398 — 9,398 — 9,398 Securities available-for-sale 835,424 — 818,052 17,372 835,424 Restricted stock 10,379 n/a n/a n/a n/a Loans, net 1,846,762 — — 1,862,884 1,862,884 Accrued interest receivable 13,364 — 3,992 9,372 13,364 Deposits (2,453,411 ) — (2,453,096 ) — (2,453,096 ) Short-term borrowings (23,514 ) — (23,514 ) — (23,514 ) Federal Home Loan Bank advances — — — — — Accrued interest payable (354 ) — (354 ) — (354 ) December 31, 2016 Carrying Fair Value (Dollar amounts in thousands) Value Level 1 Level 2 Level 3 Total Cash and due from banks $ 75,012 $ 21,047 $ 53,965 $ — $ 75,012 Federal funds sold 6,952 — 6,952 — 6,952 Securities available-for-sale 853,725 — 837,147 16,578 853,725 Restricted stock 10,359 n/a n/a n/a n/a Loans, net 1,820,407 — — 1,854,046 1,854,046 Accrued interest receivable 12,311 — 3,340 8,971 12,311 Deposits (2,428,526 ) — (2,414,555 ) — (2,414,555 ) Short-term borrowings (80,989 ) — (80,989 ) — (80,989 ) Federal Home Loan Bank advances (132 ) — (137 ) — (137 ) Accrued interest payable (363 ) — (363 ) — (363 ) |
Short-Term Borrowings (Tables)
Short-Term Borrowings (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Short-term Debt [Abstract] | |
Schedule of short-term borrowings | Period–end short-term borrowings were comprised of the following: (000 's) September 30, 2017 December 31, 2016 Federal Funds Purchased $ 1,300 $ 49,982 Repurchase Agreements 22,214 31,007 $ 23,514 $ 80,989 |
Components of Net Periodic Be21
Components of Net Periodic Benefit Cost (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Retirement Benefits [Abstract] | |
Schedule of Net Benefit Costs | Three Months Ended September 30, Nine Months Ended September 30, (000's) (000's) Pension Benefits Post-Retirement Health Benefits Pension Benefits Post-Retirement Health Benefits 2017 2016 2017 2016 2017 2016 2017 2016 Service cost $ 358 $ 470 $ 13 $ 14 $ 1,074 $ 1,411 $ 40 $ 41 Interest cost 905 932 43 46 2,716 2,797 129 139 Expected return on plan assets (985 ) (857 ) — — (2,955 ) (2,572 ) — — Net amortization of prior service cost — — — — 1 1 — — Net amortization of net (gain) loss 301 484 — — 903 1,451 — — Net Periodic Benefit Cost $ 579 $ 1,029 $ 56 $ 60 $ 1,739 $ 3,088 $ 169 $ 180 |
Acquisitions and FDIC Indemni22
Acquisitions and FDIC Indemnification Asset (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Business Combinations [Abstract] | |
Schedule of carrying amount of covered assets | 2017 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, July 1, $ 1,983 $ — $ 1,983 Discount accretion — — — Disposals (47 ) — (47 ) ASC 310-30 Loans, September 30, $ 1,936 $ — $ 1,936 2017 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, January 1, $ 3,451 $ 1,430 $ 4,881 Discount accretion — — — Disposals (1,515 ) (1,430 ) (2,945 ) ASC 310-30 Loans, September 30, $ 1,936 $ — $ 1,936 2016 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, July 1, $ 3,912 $ 1,456 $ 5,368 Discount accretion — — — Disposals (125 ) (13 ) (138 ) ASC 310-30 Loans, September 30, $ 3,787 $ 1,443 $ 5,230 2016 (Dollar amounts in thousands) Commercial Consumer Total Beginning balance, January 1, $ 4,122 $ 1,480 $ 5,602 Discount accretion — — — Disposals (335 ) (37 ) (372 ) ASC 310-30 Loans, September 30, $ 3,787 $ 1,443 $ 5,230 |
Accumulated Other Comprehensi23
Accumulated Other Comprehensive Income (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Schedule of Accumulated Other Comprehensive Income | The following tables summarize the changes, net of tax, within each classification of accumulated other comprehensive income/(loss) for the three and nine months ended September 30, 2017 and 2016 . Unrealized gains and 2017 (Losses) on available- for-sale Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, July 1, $ 7,156 $ (12,720 ) $ (5,564 ) Change in other comprehensive income (loss) before reclassification (33 ) — (33 ) Amounts reclassified from accumulated other comprehensive income (18 ) 184 166 Net Current period other comprehensive other income (51 ) 184 133 Ending balance, September 30, $ 7,105 $ (12,536 ) $ (5,431 ) Unrealized gains and 2017 (Losses) on Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, January 1, $ (1,077 ) $ (13,087 ) $ (14,164 ) Change in other comprehensive income (loss) before reclassification 8,211 — 8,211 Amounts reclassified from accumulated other comprehensive income (29 ) 551 522 Net Current period other comprehensive other income 8,182 551 8,733 Ending balance, September 30, $ 7,105 $ (12,536 ) $ (5,431 ) Unrealized gains and 2016 (Losses) on available- for-sale Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, July 1, $ 14,353 $ (17,846 ) $ (3,493 ) Change in other comprehensive income (loss) before reclassification 786 — 786 Amounts reclassified from accumulated other comprehensive income (9 ) 304 295 Net Current period other comprehensive other income 777 304 1,081 Ending balance, September 30, $ 15,130 $ (17,542 ) $ (2,412 ) Unrealized gains and 2016 (Losses) on Retirement (Dollar amounts in thousands) Securities plans Total Beginning balance, January 1, $ 9,053 $ (18,454 ) $ (9,401 ) Change in other comprehensive income (loss) before reclassification 6,094 — 6,094 Amounts reclassified from accumulated other comprehensive income (17 ) 912 895 Net Current period other comprehensive other income 6,077 912 6,989 Ending balance, September 30, $ 15,130 $ (17,542 ) $ (2,412 ) |
Schedule Of Accumulated Other Comprehensive Income Loss Other Than Temporary Impairment | Balance at Current Period Balance at (Dollar amounts in thousands) 1/1/2017 Change 9/30/2017 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ (3,018 ) $ 7,154 $ 4,136 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 1,941 1,028 2,969 Total unrealized loss on securities available-for-sale $ (1,077 ) $ 8,182 $ 7,105 Unrealized loss on retirement plans (13,087 ) 551 (12,536 ) TOTAL $ (14,164 ) $ 8,733 $ (5,431 ) Balance at Current Period Balance at (Dollar amounts in thousands) 7/1/2016 Change 9/30/2016 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ 13,120 $ 663 $ 13,783 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 1,233 114 1,347 Total unrealized loss on securities available-for-sale $ 14,353 $ 777 $ 15,130 Unrealized loss on retirement plans (17,846 ) 304 (17,542 ) TOTAL $ (3,493 ) $ 1,081 $ (2,412 ) Balance at Current Period Balance at (Dollar amounts in thousands) 1/1/2016 Change 9/30/2016 Unrealized gains (losses) on securities available-for-sale without other than temporary impairment $ 6,083 $ 7,700 $ 13,783 Unrealized gains (losses) on securities available-for-sale with other than temporary impairment 2,970 (1,623 ) 1,347 Total unrealized loss on securities available-for-sale $ 9,053 $ 6,077 $ 15,130 Unrealized loss on retirement plans (18,454 ) 912 (17,542 ) TOTAL $ (9,401 ) $ 6,989 $ (2,412 ) |
Accumulated Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent | Three Months Ended September 30, 2017 Details about accumulated Amount reclassified from Affected line item in other comprehensive accumulated other the statement where income components comprehensive income net income is presented (in thousands) Unrealized gains and losses $ 27 Net securities gains (losses) on available-for-sale (9 ) Income tax expense securities $ 18 Net of tax Amortization of $ (301 ) (a) Salary and benefits retirement plan items 117 Income tax expense $ (184 ) Net of tax Total reclassifications for the period $ (166 ) Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 6 for additional details). Nine Months Ended September 30, 2017 Details about accumulated Amount reclassified from Affected line item in other comprehensive accumulated other the statement where income components comprehensive income net income is presented (in thousands) Unrealized gains and losses $ 44 Net securities gains (losses) on available-for-sale (15 ) Income tax expense securities $ 29 Net of tax Amortization of $ (903 ) (a) Salary and benefits retirement plan items 352 Income tax expense $ (551 ) Net of tax Total reclassifications for the period $ (522 ) Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 6 for additional details). Three Months Ended September 30, 2016 Details about accumulated Amount reclassified from Affected line item in other comprehensive accumulated other the statement where income components comprehensive income net income is presented (in thousands) Unrealized gains and losses $ 13 Net securities gains (losses) on available-for-sale (4 ) Income tax expense securities $ 9 Net of tax Amortization of $ (507 ) (a) Salary and benefits retirement plan items 203 Income tax expense $ (304 ) Net of tax Total reclassifications for the period $ (295 ) Net of tax (a) Included in the computation of net periodic benefit cost. (see Footnote 6 for additional details). |
Significant Accounting Polici24
Significant Accounting Policies (Details Textual) $ in Thousands | 9 Months Ended | |
Sep. 30, 2017USD ($)segmentshares | Sep. 30, 2016USD ($)shares | |
Accounting Policies [Abstract] | ||
Number of Reportable Segments | segment | 1 | |
Vesting period | 3 years | |
Incremental vesting rights for first year (as a percent) | 33.00% | |
Incremental vesting rights for second year (as a percent) | 33.00% | |
Incremental vesting rights for third year (as a percent) | 34.00% | |
Number of shares awarded | shares | 16,562 | 20,943 |
Grant date value | $ | $ 773 | $ 677 |
Allowance for Loan Losses (Deta
Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |||||
Allowance for Loan Losses: | ||||||||
Beginning balance | $ 19,680 | $ 19,504 | $ 18,773 | $ 19,946 | ||||
Provision for loan losses | 1,185 | [1] | 1,091 | [2] | 3,821 | [1] | 2,361 | [2] |
Loans charged off | (1,964) | (2,724) | (6,328) | (6,206) | ||||
Recoveries | 901 | 1,203 | 3,536 | 2,973 | ||||
Ending Balance | 19,802 | 19,074 | 19,802 | 19,074 | ||||
Commercial Portfolio Segment [Member] | ||||||||
Allowance for Loan Losses: | ||||||||
Beginning balance | 10,223 | 10,244 | 9,731 | 11,482 | ||||
Provision for loan losses | (227) | [1] | 571 | [2] | 176 | [1] | (520) | [2] |
Loans charged off | (281) | (1,029) | (1,059) | (1,851) | ||||
Recoveries | 222 | 479 | 1,089 | 1,154 | ||||
Ending Balance | 9,937 | 10,265 | 9,937 | 10,265 | ||||
Residential Portfolio Segment [Member] | ||||||||
Allowance for Loan Losses: | ||||||||
Beginning balance | 1,514 | 1,595 | 1,553 | 1,834 | ||||
Provision for loan losses | 14 | [1] | 40 | [2] | (166) | [1] | 143 | [2] |
Loans charged off | (100) | (211) | (564) | (682) | ||||
Recoveries | 91 | 154 | 696 | 283 | ||||
Ending Balance | 1,519 | 1,578 | 1,519 | 1,578 | ||||
Consumer Portfolio Segment [Member] | ||||||||
Allowance for Loan Losses: | ||||||||
Beginning balance | 6,218 | 5,258 | 5,767 | 4,945 | ||||
Provision for loan losses | 1,415 | [1] | 1,275 | [2] | 3,825 | [1] | 2,811 | [2] |
Loans charged off | (1,583) | (1,484) | (4,705) | (3,673) | ||||
Recoveries | 588 | 570 | 1,751 | 1,536 | ||||
Ending Balance | 6,638 | 5,619 | 6,638 | 5,619 | ||||
Unallocated | ||||||||
Allowance for Loan Losses: | ||||||||
Beginning balance | 1,725 | 2,407 | 1,722 | 1,685 | ||||
Provision for loan losses | (17) | [1] | (795) | [2] | (14) | [1] | (73) | [2] |
Loans charged off | 0 | 0 | 0 | 0 | ||||
Recoveries | 0 | 0 | 0 | 0 | ||||
Ending Balance | $ 1,708 | $ 1,612 | $ 1,708 | $ 1,612 | ||||
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Allowance for Loan Losses (De26
Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 |
Ending Balance Attributable to Loans | ||||||
Individually evaluated for impairment | $ 436 | $ 331 | ||||
Collectively evaluated for impairment | 19,366 | 18,442 | ||||
Ending Balance | 19,802 | $ 19,680 | 18,773 | $ 19,074 | $ 19,504 | $ 19,946 |
Loans | ||||||
Individually evaluated for impairment | 10,399 | 8,600 | ||||
Collectively evaluated for impairment | 1,860,611 | 1,831,594 | ||||
Total | 1,872,907 | 1,845,040 | ||||
Commercial Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Individually evaluated for impairment | 409 | 242 | ||||
Collectively evaluated for impairment | 9,528 | 9,489 | ||||
Ending Balance | 9,937 | 10,223 | 9,731 | 10,265 | 10,244 | 11,482 |
Loans | ||||||
Individually evaluated for impairment | 9,915 | 8,051 | ||||
Collectively evaluated for impairment | 1,104,154 | 1,101,269 | ||||
Total | 1,115,966 | 1,112,735 | ||||
Residential Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Individually evaluated for impairment | 27 | 89 | ||||
Collectively evaluated for impairment | 1,492 | 1,464 | ||||
Ending Balance | 1,519 | 1,514 | 1,553 | 1,578 | 1,595 | 1,834 |
Loans | ||||||
Individually evaluated for impairment | 484 | 549 | ||||
Collectively evaluated for impairment | 430,101 | 423,099 | ||||
Total | 430,585 | 425,079 | ||||
Consumer Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 6,638 | 5,767 | ||||
Ending Balance | 6,638 | 6,218 | 5,767 | 5,619 | 5,258 | 4,945 |
Loans | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 326,356 | 307,226 | ||||
Total | 326,356 | 307,226 | ||||
Unallocated | ||||||
Ending Balance Attributable to Loans | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 1,708 | 1,722 | ||||
Ending Balance | 1,708 | $ 1,725 | 1,722 | $ 1,612 | $ 2,407 | $ 1,685 |
Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | ||||
Loans | ||||||
Financing Receivable, Net | 1,897 | 4,846 | ||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | ||||
Loans | ||||||
Financing Receivable, Net | 1,897 | 3,415 | ||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Residential Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | ||||
Loans | ||||||
Financing Receivable, Net | 0 | 1,431 | ||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Consumer Portfolio Segment [Member] | ||||||
Ending Balance Attributable to Loans | ||||||
Financing Receivable, Allowance for Credit Losses | 0 | 0 | ||||
Loans | ||||||
Financing Receivable, Net | 0 | 0 | ||||
Receivables Acquired with Deteriorated Credit Quality [Member] | Unallocated | ||||||
Ending Balance Attributable to Loans | ||||||
Financing Receivable, Allowance for Credit Losses | $ 0 | $ 0 |
Allowance for Loan Losses (De27
Allowance for Loan Losses (Details 2) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Unpaid Principal Balance | |||||
TOTAL | $ 10,600 | $ 10,600 | $ 9,107 | ||
Recorded Investment | |||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 1,330 | 1,330 | 1,387 | ||
Fair value | 10,399 | 10,399 | 8,600 | ||
Allowance For Loan Losses Allocated | |||||
TOTAL | 436 | 436 | 331 | ||
Average Recorded Investment | |||||
TOTAL | 9,388 | $ 10,125 | 8,309 | $ 9,530 | 9,343 |
Interest Income Recognized | |||||
TOTAL | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
TOTAL | 0 | 0 | 0 | 0 | 0 |
Commercial & Industrial | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 813 | 813 | 1,181 | ||
With an allowance recorded: | 502 | 502 | 537 | ||
Recorded Investment | |||||
With no related allowance recorded: | 813 | 813 | 1,181 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 502 | 502 | 537 | ||
Fair value | 352 | 352 | 501 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 150 | 150 | 36 | ||
Average Recorded Investment | |||||
With no related allowance recorded: | 891 | 719 | 1,013 | 931 | 981 |
With an allowance recorded: | 508 | 980 | 519 | 890 | 819 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Farmland | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 3,639 | 3,639 | 826 | ||
With an allowance recorded: | 312 | 312 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 3,639 | 3,639 | 826 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 312 | 312 | 0 | ||
Fair value | 258 | 258 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 54 | 54 | 0 | ||
Average Recorded Investment | |||||
With no related allowance recorded: | 2,285 | 1,513 | 1,349 | 757 | 770 |
With an allowance recorded: | 156 | 0 | 78 | 0 | 0 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Non Farm, Non Residential | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 2,662 | 2,662 | 3,368 | ||
With an allowance recorded: | 0 | 0 | 657 | ||
Recorded Investment | |||||
With no related allowance recorded: | 2,662 | 2,662 | 2,996 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 657 | ||
Fair value | 0 | 0 | 451 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 206 | ||
Average Recorded Investment | |||||
With no related allowance recorded: | 3,218 | 3,064 | 2,861 | 3,121 | 3,096 |
With an allowance recorded: | 0 | 915 | 164 | 1,105 | 1,016 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Agriculture | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 214 | 214 | 622 | ||
With an allowance recorded: | 691 | 691 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 214 | 214 | 487 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 490 | 490 | 0 | ||
Fair value | 285 | 285 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 205 | 205 | 0 | ||
Average Recorded Investment | |||||
With no related allowance recorded: | 107 | 635 | 268 | 318 | 351 |
With an allowance recorded: | 430 | 286 | 215 | 143 | 114 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
All Other Commercial | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 1,283 | 1,283 | 1,367 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 1,283 | 1,283 | 1,367 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | ||
Fair value | 0 | 0 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
With no related allowance recorded: | 1,297 | 1,410 | 1,325 | 1,504 | 1,477 |
With an allowance recorded: | 0 | 0 | 0 | 56 | 45 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
First Liens | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 22 | 22 | 25 | ||
With an allowance recorded: | 462 | 462 | 524 | ||
Recorded Investment | |||||
With no related allowance recorded: | 22 | 22 | 25 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 462 | 462 | 524 | ||
Fair value | 435 | 435 | 435 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 27 | 27 | 89 | ||
Average Recorded Investment | |||||
With no related allowance recorded: | 23 | 27 | 24 | 28 | 27 |
With an allowance recorded: | 473 | 576 | 493 | 677 | 647 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Home Equity | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | ||
Fair value | 0 | 0 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Junior Liens | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | ||
Fair value | 0 | 0 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Multifamily | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | ||
Fair value | 0 | 0 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
All Other Residential | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | ||
Fair value | 0 | 0 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Motor Vehicle | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | ||
Fair value | 0 | 0 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
All Other Consumer | |||||
Unpaid Principal Balance | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 | 0 | ||
Fair value | 0 | 0 | 0 | ||
Allowance For Loan Losses Allocated | |||||
With no related allowance recorded: | 0 | 0 | 0 | ||
With an allowance recorded: | 0 | 0 | 0 | ||
Average Recorded Investment | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | 0 | 0 | 0 | 0 | 0 |
Cash Basis Interest Income Recognized | |||||
With no related allowance recorded: | 0 | 0 | 0 | 0 | 0 |
With an allowance recorded: | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Allowance for Loan Losses (De28
Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 |
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | $ 10,399 | $ 8,600 | ||||
Financing Receivable, Modifications, Recorded Investment | 7,424 | $ 7,984 | 8,565 | $ 8,886 | $ 9,155 | $ 9,860 |
Commercial & Industrial | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 352 | 501 | ||||
Farmland | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 258 | 0 | ||||
Non Farm, Non Residential | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 451 | ||||
Agriculture | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 285 | 0 | ||||
All Other Commercial | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 0 | ||||
First Liens | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 435 | 435 | ||||
Home Equity | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 0 | ||||
Junior Liens | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 0 | ||||
Multifamily | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 0 | ||||
All Other Residential | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 0 | ||||
Motor Vehicle | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 0 | ||||
All Other Consumer | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Fair value | 0 | 0 | ||||
Nonperforming Financing Receivable [Member] | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Loans Past Due Over 90 Day Still Accruing | 1,464 | 669 | ||||
Nonaccrual | 13,965 | 13,492 | ||||
Financing Receivable, Modifications, Recorded Investment | 3,488 | 3,798 | ||||
Financing Receivable, Modifications, Nonaccrual | 4,006 | 4,836 | ||||
Nonperforming Financing Receivable [Member] | Commercial & Industrial | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Loans Past Due Over 90 Day Still Accruing | 0 | 45 | ||||
Nonaccrual | 1,900 | 2,405 | ||||
Financing Receivable, Modifications, Recorded Investment | 2 | 3 | ||||
Financing Receivable, Modifications, Nonaccrual | 212 | 383 | ||||
Nonperforming Financing Receivable [Member] | Farmland | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | ||||
Nonaccrual | 4,145 | 978 | ||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Financing Receivable, Modifications, Nonaccrual | 0 | 0 | ||||
Nonperforming Financing Receivable [Member] | Non Farm, Non Residential | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | ||||
Nonaccrual | 185 | 1,027 | ||||
Financing Receivable, Modifications, Recorded Investment | 1 | 60 | ||||
Financing Receivable, Modifications, Nonaccrual | 2,694 | 2,941 | ||||
Nonperforming Financing Receivable [Member] | Agriculture | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | ||||
Nonaccrual | 890 | 744 | ||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Financing Receivable, Modifications, Nonaccrual | 0 | 0 | ||||
Nonperforming Financing Receivable [Member] | All Other Commercial | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | ||||
Nonaccrual | 1,310 | 1,380 | ||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Financing Receivable, Modifications, Nonaccrual | 0 | 0 | ||||
Nonperforming Financing Receivable [Member] | First Liens | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Loans Past Due Over 90 Day Still Accruing | 997 | 276 | ||||
Nonaccrual | 4,161 | 5,496 | ||||
Financing Receivable, Modifications, Recorded Investment | 3,262 | 3,525 | ||||
Financing Receivable, Modifications, Nonaccrual | 630 | 995 | ||||
Nonperforming Financing Receivable [Member] | Home Equity | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Loans Past Due Over 90 Day Still Accruing | 44 | 0 | ||||
Nonaccrual | 268 | 285 | ||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Financing Receivable, Modifications, Nonaccrual | 0 | 0 | ||||
Nonperforming Financing Receivable [Member] | Junior Liens | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Loans Past Due Over 90 Day Still Accruing | 26 | 55 | ||||
Nonaccrual | 167 | 202 | ||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Financing Receivable, Modifications, Nonaccrual | 0 | 0 | ||||
Nonperforming Financing Receivable [Member] | Multifamily | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | ||||
Nonaccrual | 0 | 0 | ||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Financing Receivable, Modifications, Nonaccrual | 0 | 0 | ||||
Nonperforming Financing Receivable [Member] | All Other Residential | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | ||||
Nonaccrual | 94 | 94 | ||||
Financing Receivable, Modifications, Recorded Investment | 0 | 0 | ||||
Financing Receivable, Modifications, Nonaccrual | 0 | 0 | ||||
Nonperforming Financing Receivable [Member] | Motor Vehicle | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Loans Past Due Over 90 Day Still Accruing | 390 | 293 | ||||
Nonaccrual | 255 | 140 | ||||
Financing Receivable, Modifications, Recorded Investment | 12 | 60 | ||||
Financing Receivable, Modifications, Nonaccrual | 0 | 0 | ||||
Nonperforming Financing Receivable [Member] | All Other Consumer | ||||||
Aging of recorded investment in loans by past due category and class of loans | ||||||
Loans Past Due Over 90 Day Still Accruing | 7 | 0 | ||||
Nonaccrual | 590 | 741 | ||||
Financing Receivable, Modifications, Recorded Investment | 211 | 150 | ||||
Financing Receivable, Modifications, Nonaccrual | $ 470 | $ 517 |
Allowance for Loan Losses Allow
Allowance for Loan Losses Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Financing Receivable Portfolio Segment [Domain] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Added | $ 42 | $ 109 | $ 478 | $ 382 |
Charged Off | (172) | (13) | (283) | (220) |
Payments | (430) | (365) | (1,336) | (1,136) |
Commercial Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Beginning Balance | 3,061 | 3,453 | 3,386 | 3,584 |
Added | 0 | 0 | 0 | 0 |
Charged Off | 0 | 0 | 0 | 0 |
Payments | (153) | (71) | (478) | (202) |
Ending Balance | 2,908 | 3,382 | 2,908 | 3,382 |
Residential Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Beginning Balance | 4,198 | 5,033 | 4,447 | 5,593 |
Added | 0 | 0 | 227 | 123 |
Charged Off | (155) | 0 | (195) | (181) |
Payments | (222) | (239) | (658) | (741) |
Ending Balance | 3,821 | 4,794 | 3,821 | 4,794 |
Consumer Portfolio Segment [Member] | ||||
Financing Receivable, Modifications [Line Items] | ||||
Beginning Balance | 725 | 669 | 732 | 683 |
Added | 42 | 109 | 251 | 259 |
Charged Off | (17) | (13) | (88) | (39) |
Payments | (55) | (55) | (200) | (193) |
Ending Balance | $ 695 | $ 710 | $ 695 | $ 710 |
Allowance for Loan Losses (De30
Allowance for Loan Losses (Details 5) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | $ 14,442 | $ 15,501 |
Financing Receivable, Recorded Investment, Current | 1,858,465 | 1,829,539 |
Total | 1,872,907 | 1,845,040 |
Commercial & Industrial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 1,507 | 1,683 |
Financing Receivable, Recorded Investment, Current | 463,408 | 474,406 |
Total | 464,915 | 476,089 |
Farmland | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 3,639 | 303 |
Financing Receivable, Recorded Investment, Current | 105,088 | 110,897 |
Total | 108,727 | 111,200 |
Non Farm, Non Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 368 |
Financing Receivable, Recorded Investment, Current | 198,916 | 195,120 |
Total | 198,916 | 195,488 |
Agriculture | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 1,260 | 713 |
Financing Receivable, Recorded Investment, Current | 147,209 | 151,059 |
Total | 148,469 | 151,772 |
All Other Commercial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 27 | 15 |
Financing Receivable, Recorded Investment, Current | 194,912 | 178,171 |
Total | 194,939 | 178,186 |
First Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 2,920 | 6,332 |
Financing Receivable, Recorded Investment, Current | 255,766 | 264,446 |
Total | 258,686 | 270,778 |
Home Equity | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 182 | 277 |
Financing Receivable, Recorded Investment, Current | 36,059 | 35,782 |
Total | 36,241 | 36,059 |
Junior Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 449 | 495 |
Financing Receivable, Recorded Investment, Current | 40,111 | 36,912 |
Total | 40,560 | 37,407 |
Multifamily | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 0 |
Financing Receivable, Recorded Investment, Current | 82,828 | 67,799 |
Total | 82,828 | 67,799 |
All Other Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 12 | 54 |
Financing Receivable, Recorded Investment, Current | 12,258 | 12,982 |
Total | 12,270 | 13,036 |
Motor Vehicle | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 4,316 | 5,093 |
Financing Receivable, Recorded Investment, Current | 296,607 | 277,604 |
Total | 300,923 | 282,697 |
All Other Consumer | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 130 | 168 |
Financing Receivable, Recorded Investment, Current | 25,303 | 24,361 |
Total | 25,433 | 24,529 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 5,109 | 9,571 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial & Industrial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 289 | 370 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Farmland | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 235 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Non Farm, Non Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 153 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Agriculture | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 502 | 246 |
Financing Receivables, 30 to 59 Days Past Due [Member] | All Other Commercial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 15 |
Financing Receivables, 30 to 59 Days Past Due [Member] | First Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 608 | 3,862 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Home Equity | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 116 | 186 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Junior Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 200 | 271 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Multifamily | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | All Other Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 42 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Motor Vehicle | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 3,287 | 4,048 |
Financing Receivables, 30 to 59 Days Past Due [Member] | All Other Consumer | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 107 | 143 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 2,125 | 1,920 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial & Industrial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 403 | 114 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Farmland | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 22 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Non Farm, Non Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Agriculture | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 87 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | All Other Commercial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | First Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 872 | 954 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Home Equity | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 10 | 64 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Junior Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 136 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Multifamily | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | All Other Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 12 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Motor Vehicle | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 602 | 732 |
Financing Receivables, 60 to 89 Days Past Due [Member] | All Other Consumer | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 15 | 22 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 7,208 | 4,010 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial & Industrial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 815 | 1,199 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Farmland | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 3,639 | 46 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Non Farm, Non Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 215 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Agriculture | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 671 | 467 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | All Other Commercial | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 27 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | First Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 1,440 | 1,516 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Home Equity | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 56 | 27 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Junior Liens | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 113 | 224 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Multifamily | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | All Other Residential | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 12 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Motor Vehicle | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | 427 | 313 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | All Other Consumer | ||
Aging of recorded investment in loans by past due category and class of loans | ||
Total Past Due | $ 8 | $ 3 |
Allowance for Loan Losses (De31
Allowance for Loan Losses (Details 6) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | $ 1,872,907 | $ 1,845,040 |
Financing Receivable, Recorded Investment, Past Due | 14,442 | 15,501 |
Financing Receivable, Recorded Investment, Current | 1,858,465 | 1,829,539 |
Total loans | 1,863,444 | 1,835,974 |
Loans not rated | 1,863,444 | |
Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 464,915 | 476,089 |
Financing Receivable, Recorded Investment, Past Due | 1,507 | 1,683 |
Financing Receivable, Recorded Investment, Current | 463,408 | 474,406 |
Total loans | 463,539 | 474,904 |
Farmland | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 108,727 | 111,200 |
Financing Receivable, Recorded Investment, Past Due | 3,639 | 303 |
Financing Receivable, Recorded Investment, Current | 105,088 | 110,897 |
Total loans | 106,741 | 109,185 |
Non Farm, Non Residential | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 198,916 | 195,488 |
Financing Receivable, Recorded Investment, Past Due | 0 | 368 |
Financing Receivable, Recorded Investment, Current | 198,916 | 195,120 |
Total loans | 198,478 | 195,085 |
Agriculture | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 148,469 | 151,772 |
Financing Receivable, Recorded Investment, Past Due | 1,260 | 713 |
Financing Receivable, Recorded Investment, Current | 147,209 | 151,059 |
Total loans | 146,332 | 149,535 |
All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 194,939 | 178,186 |
Financing Receivable, Recorded Investment, Past Due | 27 | 15 |
Financing Receivable, Recorded Investment, Current | 194,912 | 178,171 |
Total loans | 194,008 | 177,473 |
First Liens | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 258,686 | 270,778 |
Financing Receivable, Recorded Investment, Past Due | 2,920 | 6,332 |
Financing Receivable, Recorded Investment, Current | 255,766 | 264,446 |
Total loans | 257,817 | 269,948 |
Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 36,241 | 36,059 |
Financing Receivable, Recorded Investment, Past Due | 182 | 277 |
Financing Receivable, Recorded Investment, Current | 36,059 | 35,782 |
Total loans | 36,167 | 36,003 |
Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 40,560 | 37,407 |
Financing Receivable, Recorded Investment, Past Due | 449 | 495 |
Financing Receivable, Recorded Investment, Current | 40,111 | 36,912 |
Total loans | 40,467 | 37,315 |
Multifamily | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 82,828 | 67,799 |
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivable, Recorded Investment, Current | 82,828 | 67,799 |
Total loans | 82,629 | 67,643 |
All Other Residential | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 12,270 | 13,036 |
Financing Receivable, Recorded Investment, Past Due | 12 | 54 |
Financing Receivable, Recorded Investment, Current | 12,258 | 12,982 |
Total loans | 12,231 | 13,002 |
Motor Vehicle | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 300,923 | 282,697 |
Financing Receivable, Recorded Investment, Past Due | 4,316 | 5,093 |
Financing Receivable, Recorded Investment, Current | 296,607 | 277,604 |
Total loans | 299,715 | 281,465 |
All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Financing Receivable Recorded Investment | 25,433 | 24,529 |
Financing Receivable, Recorded Investment, Past Due | 130 | 168 |
Financing Receivable, Recorded Investment, Current | 25,303 | 24,361 |
Total loans | 25,320 | 24,416 |
Pass | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 1,110,757 | 1,092,587 |
Pass | Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 424,500 | 427,262 |
Pass | Farmland | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 87,650 | 95,115 |
Pass | Non Farm, Non Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 174,709 | 172,739 |
Pass | Agriculture | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 112,100 | 121,983 |
Pass | All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 182,009 | 163,492 |
Pass | First Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 44,959 | 43,674 |
Pass | Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 324 | 363 |
Pass | Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 1,954 | 1,826 |
Pass | Multifamily | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 82,552 | 66,133 |
Pass | All Other Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Pass | Motor Vehicle | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Pass | All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Special Mention | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 59,434 | 47,868 |
Special Mention | Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 12,758 | 16,286 |
Special Mention | Farmland | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 11,537 | 8,300 |
Special Mention | Non Farm, Non Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 9,529 | 5,745 |
Special Mention | Agriculture | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 21,831 | 13,885 |
Special Mention | All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 2,819 | 596 |
Special Mention | First Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 881 | 1,541 |
Special Mention | Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Special Mention | Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 79 | 85 |
Special Mention | Multifamily | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 1,430 |
Special Mention | All Other Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Special Mention | Motor Vehicle | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Special Mention | All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Substandard | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 64,526 | 74,699 |
Substandard | Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 17,983 | 25,177 |
Substandard | Farmland | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 7,528 | 5,238 |
Substandard | Non Farm, Non Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 14,240 | 16,601 |
Substandard | Agriculture | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 12,113 | 12,301 |
Substandard | All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 7,673 | 10,058 |
Substandard | First Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 3,979 | 4,466 |
Substandard | Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 117 | 86 |
Substandard | Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 239 | 401 |
Substandard | Multifamily | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 15 |
Substandard | All Other Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 49 | 0 |
Substandard | Motor Vehicle | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 542 | 331 |
Substandard | All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 63 | 25 |
Doubtful | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 312 | 569 |
Doubtful | Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 203 | 449 |
Doubtful | Farmland | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Doubtful | Non Farm, Non Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Doubtful | Agriculture | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Doubtful | All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 76 |
Doubtful | First Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 8 | 18 |
Doubtful | Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Doubtful | Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 101 | 26 |
Doubtful | Multifamily | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Doubtful | All Other Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Doubtful | Motor Vehicle | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Doubtful | All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Not Rated | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 628,415 | 620,251 |
Not Rated | Commercial & Industrial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 8,095 | 5,730 |
Not Rated | Farmland | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 26 | 532 |
Not Rated | Non Farm, Non Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 0 | 0 |
Not Rated | Agriculture | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 288 | 1,366 |
Not Rated | All Other Commercial | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 1,507 | 3,251 |
Not Rated | First Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 207,990 | 220,249 |
Not Rated | Home Equity | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 35,726 | 35,554 |
Not Rated | Junior Liens | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 38,094 | 34,977 |
Not Rated | Multifamily | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 77 | 65 |
Not Rated | All Other Residential | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 12,182 | 13,002 |
Not Rated | Motor Vehicle | ||
Analysis of risk category of loans by class of loans | ||
Total loans | 299,173 | 281,134 |
Not Rated | All Other Consumer | ||
Analysis of risk category of loans by class of loans | ||
Total loans | $ 25,257 | $ 24,391 |
Allowance for Loan Losses (De32
Allowance for Loan Losses (Details Textual) - USD ($) | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 |
Allowance for loan losses | |||
Financing Receivable, Modifications, Specific Reserves Allocated to Troubled Debt Restructuring | $ 0 | ||
Fair value | $ 10,399,000 | $ 8,600,000 | |
Minimum outstanding balance of non-homogeneous loans to be individually evaluated as to credit risk | 100,000 | ||
Commercial & Industrial | |||
Allowance for loan losses | |||
Fair value | 352,000 | 501,000 | |
Farmland | |||
Allowance for loan losses | |||
Fair value | 258,000 | 0 | |
Covered Loans | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 80,000 | ||
Nonaccrual | 63,000 | 112,000 | |
Non Farm, Non Residential | |||
Allowance for loan losses | |||
Fair value | 0 | 451,000 | |
Agriculture | |||
Allowance for loan losses | |||
Fair value | 285,000 | 0 | |
All Other Commercial | |||
Allowance for loan losses | |||
Fair value | 0 | 0 | |
First Liens | |||
Allowance for loan losses | |||
Fair value | 435,000 | 435,000 | |
Home Equity | |||
Allowance for loan losses | |||
Fair value | 0 | 0 | |
Junior Liens | |||
Allowance for loan losses | |||
Fair value | 0 | 0 | |
Multifamily | |||
Allowance for loan losses | |||
Fair value | 0 | 0 | |
All Other Residential | |||
Allowance for loan losses | |||
Fair value | 0 | 0 | |
Motor Vehicle | |||
Allowance for loan losses | |||
Fair value | 0 | 0 | |
All Other Consumer | |||
Allowance for loan losses | |||
Fair value | 0 | 0 | |
Nonperforming Financing Receivable [Member] | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 1,464,000 | 669,000 | |
Nonaccrual | 13,965,000 | 13,492,000 | |
Nonperforming Financing Receivable [Member] | Commercial & Industrial | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 0 | 45,000 | |
Nonaccrual | 1,900,000 | 2,405,000 | |
Nonperforming Financing Receivable [Member] | Farmland | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | |
Nonaccrual | 4,145,000 | 978,000 | |
Nonperforming Financing Receivable [Member] | Non Farm, Non Residential | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | |
Nonaccrual | 185,000 | 1,027,000 | |
Nonperforming Financing Receivable [Member] | Agriculture | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | |
Nonaccrual | 890,000 | 744,000 | |
Nonperforming Financing Receivable [Member] | All Other Commercial | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | |
Nonaccrual | 1,310,000 | 1,380,000 | |
Nonperforming Financing Receivable [Member] | First Liens | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 997,000 | 276,000 | |
Nonaccrual | 4,161,000 | 5,496,000 | |
Nonperforming Financing Receivable [Member] | Home Equity | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 44,000 | 0 | |
Nonaccrual | 268,000 | 285,000 | |
Nonperforming Financing Receivable [Member] | Junior Liens | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 26,000 | 55,000 | |
Nonaccrual | 167,000 | 202,000 | |
Nonperforming Financing Receivable [Member] | Multifamily | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | |
Nonaccrual | 0 | 0 | |
Nonperforming Financing Receivable [Member] | All Other Residential | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 0 | 0 | |
Nonaccrual | 94,000 | 94,000 | |
Nonperforming Financing Receivable [Member] | Motor Vehicle | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 390,000 | 293,000 | |
Nonaccrual | 255,000 | 140,000 | |
Nonperforming Financing Receivable [Member] | All Other Consumer | |||
Allowance for loan losses | |||
Loans Past Due Over 90 Day Still Accruing | 7,000 | 0 | |
Nonaccrual | $ 590,000 | $ 741,000 |
Securities (Details)
Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | $ 824,222 | $ 855,521 |
Unrealized Gains | (16,402) | (12,618) |
Unrealized Losses | (5,200) | (14,414) |
Securities available-for-sale | 835,424 | 853,725 |
US Government Agencies Debt Securities [Member] | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 14,690 | 13,594 |
Unrealized Gains | (30) | (32) |
Unrealized Losses | (186) | (377) |
Securities available-for-sale | 14,534 | 13,249 |
Mortgage Backed Securities - Residential | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 225,789 | 261,878 |
Unrealized Gains | (3,412) | (3,200) |
Unrealized Losses | (861) | (4,073) |
Securities available-for-sale | 228,340 | 261,005 |
Mortgage Backed Securities - Commercial | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 1 | 4 |
Unrealized Gains | 0 | 0 |
Unrealized Losses | 0 | 0 |
Securities available-for-sale | 1 | 4 |
Collateralized Mortgage Obligations | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 349,949 | 353,499 |
Unrealized Gains | (1,401) | (1,021) |
Unrealized Losses | (3,745) | (6,344) |
Securities available-for-sale | 347,605 | 348,176 |
State and Municipal Obligations | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 224,978 | 217,365 |
Unrealized Gains | (6,682) | (3,954) |
Unrealized Losses | (408) | (2,396) |
Securities available-for-sale | 231,252 | 218,923 |
Collateralized Debt Obligations | ||
Amortized cost and fair value of investments classified as available for sale | ||
Amortized Cost | 8,815 | 9,181 |
Unrealized Gains | (4,877) | (4,411) |
Unrealized Losses | 0 | (1,224) |
Securities available-for-sale | $ 13,692 | $ 12,368 |
Securities (Details 1)
Securities (Details 1) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Amortized Cost | ||
Due in one year or less | $ 5,342 | |
Due after one but within five years | 43,735 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis | 82,145 | |
Due after ten years | 117,261 | |
Total of securities having specified maturity period | 248,483 | |
TOTAL | 824,222 | $ 855,521 |
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis | 575,739 | |
Fair Value | ||
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value | 5,374 | |
Due after one but within five years | 45,078 | |
Due after five but within ten years | 85,260 | |
Due after ten years | 123,766 | |
Total of securities having specified maturities period | 259,478 | |
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value | 575,946 | |
Securities available-for-sale | $ 835,424 | $ 853,725 |
Securities (Details 2)
Securities (Details 2) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis | $ 5,342 | |
Less Than 12 Months | ||
Fair Value | 216,956 | $ 464,602 |
Unrealized Losses | (2,656) | (11,155) |
More Than 12 Months | ||
Fair Value | 87,785 | 80,151 |
Unrealized Losses | (2,544) | (3,259) |
Total | ||
Fair Value | 304,741 | 544,753 |
Unrealized Losses | (5,200) | (14,414) |
US Government Agencies Debt Securities [Member] | ||
Less Than 12 Months | ||
Fair Value | 13,691 | 12,224 |
Unrealized Losses | (186) | (377) |
More Than 12 Months | ||
Fair Value | 0 | 0 |
Unrealized Losses | 0 | 0 |
Total | ||
Fair Value | 13,691 | 12,224 |
Unrealized Losses | (186) | (377) |
Mortgage Backed Securities - Residential | ||
Less Than 12 Months | ||
Fair Value | 60,513 | 202,248 |
Unrealized Losses | (806) | (4,072) |
More Than 12 Months | ||
Fair Value | 3,698 | 152 |
Unrealized Losses | (55) | (1) |
Total | ||
Fair Value | 64,211 | 202,400 |
Unrealized Losses | (861) | (4,073) |
Mortgage Backed Securities - Commercial | ||
Less Than 12 Months | ||
Fair Value | 0 | |
Unrealized Losses | 0 | |
More Than 12 Months | ||
Fair Value | 0 | |
Unrealized Losses | 0 | |
Total | ||
Fair Value | 0 | |
Unrealized Losses | 0 | |
Collateralized Mortgage Obligations | ||
Less Than 12 Months | ||
Fair Value | 128,330 | 169,717 |
Unrealized Losses | (1,541) | (3,086) |
More Than 12 Months | ||
Fair Value | 72,731 | 79,999 |
Unrealized Losses | (2,204) | (3,258) |
Total | ||
Fair Value | 201,061 | 249,716 |
Unrealized Losses | (3,745) | (6,344) |
State and Municipal Obligations | ||
Less Than 12 Months | ||
Fair Value | 14,422 | 72,852 |
Unrealized Losses | (123) | (2,396) |
More Than 12 Months | ||
Fair Value | 11,356 | 0 |
Unrealized Losses | (285) | 0 |
Total | ||
Fair Value | 25,778 | 72,852 |
Unrealized Losses | $ (408) | (2,396) |
Collateralized Debt Obligations | ||
Less Than 12 Months | ||
Fair Value | 7,561 | |
Unrealized Losses | (1,224) | |
More Than 12 Months | ||
Fair Value | 0 | |
Unrealized Losses | 0 | |
Total | ||
Fair Value | 7,561 | |
Unrealized Losses | $ (1,224) |
Securities (Details 3)
Securities (Details 3) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Rollforward of the credit losses recognized in earnings | ||||
Beginning balance | $ 7,132 | $ 13,974 | $ 13,974 | $ 13,995 |
Increases to the amount related to the credit loss for which other-than-temporary was previously recognized | 0 | 0 | 0 | 0 |
Reductions for increases in cash flows collected | 0 | 0 | (21) | |
Amounts realized for securities sold during the period | 0 | 0 | (6,842) | 0 |
Ending balance | $ 7,132 | $ 13,974 | $ 7,132 | $ 13,974 |
Securities (Details Textual)
Securities (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Jun. 30, 2017 | Dec. 31, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | |
Schedule of Available-for-sale Securities [Line Items] | ||||||||
Gain on sale of investments | $ (27) | $ (13) | $ (44) | $ (26) | ||||
Gross unrealized losses | 5,200 | 5,200 | $ 14,414 | |||||
Cumulative OTTI charges | 7,132 | $ 13,974 | 7,132 | $ 13,974 | $ 7,132 | 13,974 | $ 13,974 | $ 13,995 |
Amortized Cost | 824,222 | 824,222 | 855,521 | |||||
Securities available-for-sale | $ 835,424 | $ 835,424 | $ 853,725 | |||||
Minimum [Member] | ||||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||||
Basis point spread on variable rate | 1.60% | 1.60% | ||||||
Minimum [Member] | Standard Poors [Member] | ||||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||||
Credit Quality Indicator Pricing | 62.79 | 62.79 | ||||||
Minimum [Member] | Moody Investor Service [Member] | ||||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||||
Credit Quality Indicator Pricing | 18.58 | 18.58 | ||||||
Maximum [Member] | ||||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||||
Basis point spread on variable rate | 1.80% | 1.80% | ||||||
Maximum [Member] | Standard Poors [Member] | ||||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||||
Credit Quality Indicator Pricing | 74.53 | 74.53 | ||||||
Maximum [Member] | Moody Investor Service [Member] | ||||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||||
Credit Quality Indicator Pricing | 48.44 | 48.44 |
Fair Value (Details)
Fair Value (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Fair value measurement | ||
Securities available-for-sale | $ 835,424 | $ 853,725 |
US Government Agencies Debt Securities [Member] | ||
Fair value measurement | ||
Securities available-for-sale | 14,534 | 13,249 |
Mortgage Backed Securities - Residential | ||
Fair value measurement | ||
Securities available-for-sale | 228,340 | 261,005 |
Mortgage Backed Securities - Commercial | ||
Fair value measurement | ||
Securities available-for-sale | 1 | 4 |
Collateralized Mortgage Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 347,605 | 348,176 |
State and Municipal Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 231,252 | 218,923 |
Collateralized Debt Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 13,692 | 12,368 |
Fair Value, Inputs, Level 1 [Member] | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | US Government Agencies Debt Securities [Member] | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Mortgage Backed Securities - Residential | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Mortgage Backed Securities - Commercial | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | State and Municipal Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Collateralized Debt Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Fair value measurement | ||
Securities available-for-sale | 818,052 | 837,147 |
Derivative Assets | 484 | 653 |
Derivative Liability | (484) | (653) |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | ||
Fair value measurement | ||
Securities available-for-sale | 14,534 | 13,249 |
Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities - Residential | ||
Fair value measurement | ||
Securities available-for-sale | 228,340 | 261,005 |
Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities - Commercial | ||
Fair value measurement | ||
Securities available-for-sale | 1 | 4 |
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 347,605 | 348,176 |
Fair Value, Inputs, Level 2 [Member] | State and Municipal Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 227,572 | 214,713 |
Fair Value, Inputs, Level 2 [Member] | Collateralized Debt Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair value measurement | ||
Securities available-for-sale | 17,372 | 16,578 |
Fair Value, Inputs, Level 3 [Member] | US Government Agencies Debt Securities [Member] | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Mortgage Backed Securities - Residential | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Mortgage Backed Securities - Commercial | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | State and Municipal Obligations | ||
Fair value measurement | ||
Securities available-for-sale | 3,680 | 4,210 |
Fair Value, Inputs, Level 3 [Member] | Collateralized Debt Obligations | ||
Fair value measurement | ||
Securities available-for-sale | $ 13,692 | $ 12,368 |
Fair Value (Details 1)
Fair Value (Details 1) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Sep. 30, 2017 | Dec. 31, 2016 | |
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | $ 835,424 | $ 835,424 | $ 853,725 |
Reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs | |||
Beginning balance | 15,963 | 16,578 | 19,600 |
Total realized/unrealized gains or losses - Included in earnings | 0 | 0 | 0 |
Total realized/unrealized gains or losses - Included in other comprehensive income | 1,547 | 1,690 | (2,066) |
Transfers | 0 | 0 | |
Purchases | 0 | ||
Settlements | (138) | (896) | (956) |
Ending balance | 17,372 | 17,372 | 16,578 |
US Government Agencies Debt Securities [Member] | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 14,534 | 14,534 | 13,249 |
State and Municipal Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 231,252 | 231,252 | 218,923 |
Reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs | |||
Beginning balance | 3,680 | 4,210 | 4,725 |
Total realized/unrealized gains or losses - Included in earnings | 0 | 0 | 0 |
Total realized/unrealized gains or losses - Included in other comprehensive income | 0 | 0 | 0 |
Transfers | 0 | 0 | |
Purchases | 0 | ||
Settlements | 0 | (530) | (515) |
Ending balance | 3,680 | 3,680 | 4,210 |
Collateralized Debt Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 13,692 | 13,692 | 12,368 |
Reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs | |||
Beginning balance | 12,283 | 12,368 | 14,875 |
Total realized/unrealized gains or losses - Included in earnings | 0 | 0 | 0 |
Total realized/unrealized gains or losses - Included in other comprehensive income | 1,547 | 1,690 | (2,066) |
Transfers | 0 | 0 | |
Purchases | 0 | ||
Settlements | (138) | (366) | (441) |
Ending balance | 13,692 | 13,692 | 12,368 |
Mortgage Backed Securities - Residential | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 228,340 | 228,340 | 261,005 |
Mortgage Backed Securities - Commercial | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 1 | 1 | 4 |
Collateralized Mortgage Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 347,605 | 347,605 | 348,176 |
Fair Value, Inputs, Level 3 [Member] | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 17,372 | 17,372 | 16,578 |
Fair Value, Inputs, Level 3 [Member] | US Government Agencies Debt Securities [Member] | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | State and Municipal Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 3,680 | 3,680 | 4,210 |
Fair Value, Inputs, Level 3 [Member] | Collateralized Debt Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 13,692 | 13,692 | 12,368 |
Fair Value, Inputs, Level 3 [Member] | Mortgage Backed Securities - Residential | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Mortgage Backed Securities - Commercial | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | US Government Agencies Debt Securities [Member] | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | State and Municipal Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Collateralized Debt Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Mortgage Backed Securities - Residential | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Mortgage Backed Securities - Commercial | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 818,052 | 818,052 | 837,147 |
Reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs | |||
Derivative Assets | 484 | 484 | 653 |
Derivative Liability | 484 | 484 | 653 |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 14,534 | 14,534 | 13,249 |
Fair Value, Inputs, Level 2 [Member] | State and Municipal Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 227,572 | 227,572 | 214,713 |
Fair Value, Inputs, Level 2 [Member] | Collateralized Debt Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities - Residential | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 228,340 | 228,340 | 261,005 |
Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities - Commercial | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | 1 | 1 | 4 |
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Obligations | |||
Fair value measurement using significant unobservable input | |||
Securities available-for-sale | $ 347,605 | $ 347,605 | $ 348,176 |
Fair Value (Details 2)
Fair Value (Details 2) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Minimum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs | 0.00% | |
Maximum [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs | 50.00% | |
State and Municipal Obligations | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value | $ 3,680 | $ 4,210 |
Valuation Technique(s) | Discounted cash flow | Discounted cash flow |
Unobservable Inputs | Discount rate Probability of default | Discount rate Probability of default |
State and Municipal Obligations | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs | 3.05% | 3.05% |
State and Municipal Obligations | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs | 5.50% | 5.50% |
Other Real Estate | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value | $ 1,866 | $ 2,531 |
Valuation Technique(s) | Sales comparison/income approach | Sales comparison/income approach |
Unobservable Inputs | Discount rate for age of appraisal and market conditions | Discount rate for age of appraisal and market conditions |
Other Real Estate | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs | 5.00% | 5.00% |
Other Real Estate | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs | 20.00% | 20.00% |
Impaired Loans | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Fair Value | $ 1,330 | $ 1,387 |
Valuation Technique(s) | Sales comparison/income approach | Sales comparison/income approach |
Unobservable Inputs | Discount rate for age of appraisal and market conditions | Discount rate for age of appraisal and market conditions |
Impaired Loans | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs | 0.00% | 0.00% |
Impaired Loans | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Range of Inputs | 50.00% | 50.00% |
Fair Value (Details 3)
Fair Value (Details 3) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Loans identified as impaired by class of loans | ||
Carrying Value | $ 1,766 | $ 1,718 |
Allowance for Loan Losses Allocated | 436 | 331 |
Fair value | 10,399 | 8,600 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 1,330 | 1,387 |
Commercial & Industrial | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 502 | 537 |
Allowance for Loan Losses Allocated | 150 | 36 |
Fair value | 352 | 501 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 502 | 537 |
Farmland | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 312 | 0 |
Allowance for Loan Losses Allocated | 54 | 0 |
Fair value | 258 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 312 | 0 |
Non Farm, Non Residential | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 657 |
Allowance for Loan Losses Allocated | 0 | 206 |
Fair value | 0 | 451 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 657 |
Agriculture | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 490 | 0 |
Allowance for Loan Losses Allocated | 205 | 0 |
Fair value | 285 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 490 | 0 |
All Other Commercial | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 |
First Liens | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 462 | 524 |
Allowance for Loan Losses Allocated | 27 | 89 |
Fair value | 435 | 435 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 462 | 524 |
Home Equity | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 |
Junior Liens | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 |
Multifamily | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 |
All Other Residential | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 |
Motor Vehicle | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | 0 |
All Other Consumer | ||
Loans identified as impaired by class of loans | ||
Carrying Value | 0 | 0 |
Allowance for Loan Losses Allocated | 0 | 0 |
Fair value | 0 | 0 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | $ 0 | $ 0 |
Fair Value (Details 4)
Fair Value (Details 4) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Carrying amount and estimated fair value of financial instruments | ||
Fair value | $ 10,399 | $ 8,600 |
Securities available-for-sale | 835,424 | 853,725 |
Restricted Investments | 10,379 | 10,359 |
Accrued interest receivable | 13,364 | 12,311 |
Deposits | (2,453,411) | (2,428,526) |
Fair Value, Inputs, Level 1 [Member] | ||
Carrying amount and estimated fair value of financial instruments | ||
Cash and Cash Equivalents, Fair Value Disclosure | 18,709 | 21,047 |
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure | 0 | |
Securities available-for-sale | 0 | 0 |
Loans Receivable, Fair Value Disclosure | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Deposits | 0 | 0 |
Short-term borrowings | 0 | 0 |
Federal Home Loan Bank advances | 0 | 0 |
Accrued interest payable | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Carrying amount and estimated fair value of financial instruments | ||
Cash and Cash Equivalents, Fair Value Disclosure | 42,294 | 53,965 |
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure | 6,952 | |
Securities available-for-sale | 818,052 | 837,147 |
Loans Receivable, Fair Value Disclosure | 0 | 0 |
Accrued interest receivable | 3,992 | 3,340 |
Deposits | (2,453,096) | (2,414,555) |
Short-term borrowings | (23,514) | (80,989) |
Federal Home Loan Bank advances | 0 | (137) |
Accrued interest payable | (354) | (363) |
Fair Value, Inputs, Level 3 [Member] | ||
Carrying amount and estimated fair value of financial instruments | ||
Cash and Cash Equivalents, Fair Value Disclosure | 0 | 0 |
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure | 0 | |
Securities available-for-sale | 17,372 | 16,578 |
Loans Receivable, Fair Value Disclosure | 1,862,884 | 1,854,046 |
Accrued interest receivable | 9,372 | 8,971 |
Deposits | 0 | 0 |
Short-term borrowings | 0 | 0 |
Federal Home Loan Bank advances | 0 | 0 |
Accrued interest payable | 0 | 0 |
Reported Value Measurement [Member] | ||
Carrying amount and estimated fair value of financial instruments | ||
Cash and Cash Equivalents, Fair Value Disclosure | 61,003 | 75,012 |
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure | 6,952 | |
Securities available-for-sale | 835,424 | 853,725 |
Restricted Investments | 10,379 | 10,359 |
Loans Receivable, Fair Value Disclosure | 1,846,762 | 1,820,407 |
Accrued interest receivable | 13,364 | 12,311 |
Deposits | (2,453,411) | (2,428,526) |
Short-term borrowings | (23,514) | (80,989) |
Federal Home Loan Bank advances | 0 | (132) |
Accrued interest payable | (354) | (363) |
Estimate of Fair Value Measurement [Member] | ||
Carrying amount and estimated fair value of financial instruments | ||
Cash and Cash Equivalents, Fair Value Disclosure | 61,003 | 75,012 |
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure | 6,952 | |
Securities available-for-sale | 835,424 | 853,725 |
Loans Receivable, Fair Value Disclosure | 1,862,884 | 1,854,046 |
Accrued interest receivable | 13,364 | 12,311 |
Deposits | (2,453,096) | (2,414,555) |
Short-term borrowings | (23,514) | (80,989) |
Federal Home Loan Bank advances | 0 | (137) |
Accrued interest payable | $ (354) | $ (363) |
Fair Value (Details Textual)
Fair Value (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Valuation allowance for impaired loans | $ 436 | $ 331 |
Provision for impaired loan losses | (105) | (523) |
Other real estate owned | 1,866 | 2,531 |
Commercial Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value | 1,600 | 2,000 |
Residential Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value | 246 | 483 |
State and Municipal Obligation [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value | $ 3,680 | $ 4,210 |
Fair Value Measurements, Valuation Techniques | Discounted cash flow | Discounted cash flow |
Fair Value Measurements Unobservable Inputs | Discount rate Probability of default | Discount rate Probability of default |
Impaired Loans | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value | $ 1,330 | $ 1,387 |
Valuation allowance for impaired loans | $ 436 | $ 331 |
Fair Value Measurements, Valuation Techniques | Sales comparison/income approach | Sales comparison/income approach |
Fair Value Measurements Unobservable Inputs | Discount rate for age of appraisal and market conditions | Discount rate for age of appraisal and market conditions |
Other Real Estate | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Real estate, other deductions | $ 1,000 | $ 930 |
Other Real Estate | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value | 1,866 | 2,531 |
Other real estate owned | $ 1,900 | $ 2,500 |
Fair Value Measurements, Valuation Techniques | Sales comparison/income approach | Sales comparison/income approach |
Fair Value Measurements Unobservable Inputs | Discount rate for age of appraisal and market conditions | Discount rate for age of appraisal and market conditions |
Minimum [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value inputs, discount rate | 0.00% | |
Minimum [Member] | State and Municipal Obligation [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value inputs, discount rate | 3.05% | 3.05% |
Minimum [Member] | Impaired Loans | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value inputs, discount rate | 0.00% | 0.00% |
Minimum [Member] | Other Real Estate | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value inputs, discount rate | 5.00% | 5.00% |
Maximum [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value inputs, discount rate | 50.00% | |
Maximum [Member] | State and Municipal Obligation [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value inputs, discount rate | 5.50% | 5.50% |
Maximum [Member] | Impaired Loans | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value inputs, discount rate | 50.00% | 50.00% |
Maximum [Member] | Other Real Estate | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair value inputs, discount rate | 20.00% | 20.00% |
Short-Term Borrowings (Details)
Short-Term Borrowings (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Short-term Debt [Abstract] | ||
Federal Funds Purchased | $ 1,300 | $ 49,982 |
Securities Sold under Agreements to Repurchase | 22,214 | 31,007 |
Short-term borrowings | $ 23,514 | $ 80,989 |
Short-Term Borrowings Short-Ter
Short-Term Borrowings Short-Term Borrowings (Details 1) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | $ 22,214 | $ 31,007 |
Maturity Overnight [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 5,622 | 11,238 |
Maturity up to 30 days [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 0 | 9,495 |
Maturity 30 to 90 Days [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | 0 | 9,516 |
Maturity over 90 days [Member] | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Securities Sold under Agreements to Repurchase | $ 16,592 | $ 758 |
Components of Net Periodic Be46
Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Defined Benefit Plan Disclosure [Line Items] | |||||
Defined Benefits Plan Estimated Future Employer Contributions In Next Fiscal Year | $ 2,500 | ||||
Post-Retirement Health Benefits [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Defined Benefits Plan Estimated Future Employer Contributions In Next Fiscal Year | $ 260 | ||||
Service cost | $ 13 | $ 14 | $ 40 | $ 41 | |
Interest cost | 43 | 46 | 129 | 139 | |
Expected return on plan assets | 0 | 0 | 0 | 0 | |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | 0 | 0 | 0 | 0 | |
Net amortization of net (gain) loss | 0 | 0 | 0 | 0 | |
Net Periodic Benefit Cost | 56 | 60 | 169 | 180 | |
Defined Benefit Plan, Plan Assets, Contributions by Employer | 167 | ||||
Pension Plan [Member] | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Service cost | 358 | 470 | 1,074 | 1,411 | |
Interest cost | 905 | 932 | 2,716 | 2,797 | |
Expected return on plan assets | (985) | (857) | (2,955) | (2,572) | |
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) | 0 | 0 | 1 | 1 | |
Net amortization of net (gain) loss | 301 | 484 | 903 | 1,451 | |
Net Periodic Benefit Cost | $ 579 | $ 1,029 | 1,739 | $ 3,088 | |
Defined Benefit Plan, Plan Assets, Contributions by Employer | $ 1,900 |
Components of Net Periodic Be47
Components of Net Periodic Benefit Cost (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefits Plan Estimated Future Employer Contributions In Next Fiscal Year | $ 2,500 | ||
Defined Benefit Plan, Expected Future Benefit Payment, Remainder of Fiscal Year | 858 | ||
Defined Contribution Plan Employer Accrued Discretionary Contribution Amount | $ 1,300 | $ 1,200 | |
Post Retirement Health Benefits [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefits Plan Estimated Future Employer Contributions In Next Fiscal Year | $ 260 | ||
Defined Benefit Plan, Plan Assets, Contributions by Employer | 167 | ||
Pension Plan [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Defined Benefit Plan, Plan Assets, Contributions by Employer | $ 1,900 |
Acquisitions and FDIC Indemni48
Acquisitions and FDIC Indemnification Asset (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Jun. 30, 2017 | Dec. 31, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | |
Business Acquisition [Line Items] | ||||||||
Loans and Leases Receivable, Gross, Carrying Amount, Covered | $ 1,983 | $ 4,881 | $ 5,368 | $ 5,602 | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | $ 0 | $ 0 | ||||||
Loans and Leases Receivable, Disposals | $ (47) | (138) | (2,945) | $ (372) | ||||
Total Covered Assets | 1,936 | 5,230 | 1,936 | 5,230 | ||||
Consumer Loan [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Loans and Leases Receivable, Gross, Carrying Amount, Covered | 0 | 1,430 | 1,456 | 1,480 | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | 0 | 0 | ||||||
Loans and Leases Receivable, Disposals | 0 | (13) | (1,430) | (37) | ||||
Total Covered Assets | 0 | 1,443 | 0 | 1,443 | ||||
Commercial Loan [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Loans and Leases Receivable, Gross, Carrying Amount, Covered | $ 1,983 | $ 3,451 | $ 3,912 | $ 4,122 | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion | 0 | 0 | ||||||
Loans and Leases Receivable, Disposals | (47) | (125) | (1,515) | (335) | ||||
Total Covered Assets | $ 1,936 | $ 3,787 | $ 1,936 | $ 3,787 |
Acquisitions and FDIC Indemni49
Acquisitions and FDIC Indemnification Asset (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | Dec. 31, 2015 | |
Business Acquisition [Line Items] | |||||
Gain on Sale of certain assets and liabilities of Insurance Brokerage Operation | $ (199,000) | $ 0 | $ 12,822,000 | ||
Assets | 2,982,342,000 | $ 2,988,527,000 | |||
Goodwill | 34,355,000 | 34,355,000 | |||
Loans and Leases Receivable, Net of Loans with Deteriorated Credit Quality, Covered | 4,400,000 | 5,100,000 | |||
First National Bank Of Danville [Member] | |||||
Business Acquisition [Line Items] | |||||
Reimbursements from the FDIC | 19,400,000 | ||||
Business Aquisition, Loss Sharing Agreement Losses On Assets Threshold | $ 29,000,000 | ||||
Business Acquisition Loss Sharing Agreement Losses In Excess Of Threshold To Be Reimbursed Percentage | 95.00% | ||||
Business Acquisition, Loss Sharing Agreement Losses Up To Threshold To Be Reimbursed Percentage | 80.00% | ||||
Forrest Sherer Insurance [Domain] | |||||
Business Acquisition [Line Items] | |||||
Assets | 13,000,000 | $ 15,800,000 | |||
Insurance Services Revenue | 7,600,000 | 8,300,000 | |||
Operating Income (Loss) | $ 168,000 | $ 554,000 |
Accumulated Other Comprehensi50
Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | $ 133 | $ 1,081 | $ 8,733 | $ 6,989 |
Change in Other comprehensive income before reclassification, Unrealized gains and Losses on available-for-sale Securities | (33) | 786 | 8,211 | 6,094 |
Amount reclassified from accumalted other comperhensive income, unrealized gain and losses and available for sale securities | 166 | 295 | 522 | 895 |
Net Current period other comprehensive other income, Unrealized gains and Losses on available-for-sale Securities | 133 | 1,081 | 8,733 | 6,989 |
TOTAL Balance | (5,564) | (3,493) | (14,164) | (9,401) |
TOTAL Balance | (5,431) | (2,412) | (5,431) | (2,412) |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | (51) | 777 | 8,182 | 6,077 |
Change in Other comprehensive income before reclassification, Unrealized gains and Losses on available-for-sale Securities | (33) | 786 | 8,211 | 6,094 |
Amount reclassified from accumalted other comperhensive income, unrealized gain and losses and available for sale securities | (18) | (9) | (29) | (17) |
Net Current period other comprehensive other income, Unrealized gains and Losses on available-for-sale Securities | (51) | 777 | 8,182 | 6,077 |
TOTAL Balance | 7,156 | 14,353 | (1,077) | 9,053 |
TOTAL Balance | 7,105 | 15,130 | 7,105 | 15,130 |
Accumulated Defined Benefit Plans Adjustment [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 184 | 304 | 551 | 912 |
Change in Other comprehensive income before reclassification, Unrealized gains and Losses on available-for-sale Securities | 0 | 0 | 0 | 0 |
Amount reclassified from accumalted other comperhensive income, unrealized gain and losses and available for sale securities | 184 | 304 | 551 | 912 |
Net Current period other comprehensive other income, Unrealized gains and Losses on available-for-sale Securities | 184 | 304 | 551 | 912 |
TOTAL Balance | (12,720) | (17,846) | (13,087) | (18,454) |
TOTAL Balance | $ (12,536) | $ (17,542) | $ (12,536) | $ (17,542) |
Accumulated Other Comprehensi51
Accumulated Other Comprehensive Income (Details 1) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Reclassification Adjustments, Net of Tax | $ (33) | $ 786 | $ 8,211 | $ 6,094 |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax | 133 | 1,081 | 8,733 | 6,989 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | 166 | 295 | 522 | 895 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
TOTAL Balance | (5,431) | (2,412) | (5,431) | (2,412) |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 133 | 1,081 | 8,733 | 6,989 |
TOTAL Balance | (5,564) | (3,493) | (14,164) | (9,401) |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Reclassification Adjustments, Net of Tax | (33) | 786 | 8,211 | 6,094 |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax | (51) | 777 | 8,182 | 6,077 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | (18) | (9) | (29) | (17) |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
TOTAL Balance | 7,105 | 15,130 | 7,105 | 15,130 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | (51) | 777 | 8,182 | 6,077 |
TOTAL Balance | 7,156 | 14,353 | (1,077) | 9,053 |
Unrealized gains losses on securities available-for-sale with other than temporary impairment [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
TOTAL Balance | 2,969 | 1,347 | 2,969 | 1,347 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 942 | 114 | 1,028 | (1,623) |
TOTAL Balance | 2,027 | 1,233 | 1,941 | 2,970 |
Unrealized gains losses on securities available-for-sale without other than temporary impairment [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
TOTAL Balance | 4,136 | 13,783 | 4,136 | 13,783 |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | (993) | 663 | 7,154 | 7,700 |
TOTAL Balance | 5,129 | 13,120 | (3,018) | 6,083 |
Accumulated Defined Benefit Plans Adjustment [Member] | ||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||||
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, before Reclassification Adjustments, Net of Tax | 0 | 0 | 0 | 0 |
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax | 184 | 304 | 551 | 912 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | 184 | 304 | 551 | 912 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ||||
TOTAL Balance | (12,536) | (17,542) | (12,536) | (17,542) |
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | 184 | 304 | 551 | 912 |
TOTAL Balance | $ (12,720) | $ (17,846) | $ (13,087) | $ (18,454) |
Accumulated Other Comprehensi52
Accumulated Other Comprehensive Income (Details 2) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ||||
Net securities gains (losses) | $ 27 | $ 13 | $ 44 | $ 26 |
Income tax expense | (3,385) | (3,015) | (10,592) | (16,527) |
Unrealized gain (loss) on securities, net of tax | 8,794 | 8,162 | 26,515 | 30,069 |
Change in funded status of post retirement benefits | 184 | 304 | 551 | 912 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ||||
Unrealized gain (loss) on securities, net of tax | (166) | (295) | (522) | (895) |
Accumulated Net Unrealized Investment Gain (Loss) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ||||
Net securities gains (losses) | 27 | 13 | 44 | 26 |
Income tax expense | (9) | (4) | (15) | (9) |
Unrealized gain (loss) on securities, net of tax | 18 | 9 | 29 | 17 |
Accumulated Defined Benefit Plans Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ||||
Income tax expense | 117 | 203 | 352 | 609 |
Unrealized gain (loss) on securities, net of tax | (184) | (304) | (551) | (912) |
Change in funded status of post retirement benefits | $ (301) | $ (507) | $ (903) | $ (1,521) |