Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2017 | Nov. 01, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | Bryn Mawr Bank Corporation | |
Entity Central Index Key | 802,681 | |
Trading Symbol | bmtc | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 17,063,041 | |
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 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Assets | ||
Cash and due from banks | $ 8,682 | $ 16,559 |
Interest bearing deposits with banks | 36,870 | 34,206 |
Cash and cash equivalents | 45,552 | 50,765 |
Investment securities available for sale, at fair value (amortized cost of $472,158 and $568,890 as of September 30, 2017 and December 31, 2016 respectively) | 471,721 | 566,996 |
Investment securities held to maturity, at amortized cost (fair value of $6,218 and $2,818 as of September 30, 2017 and December 31, 2016, respectively) | 6,255 | 2,879 |
Investment securities, trading | 4,423 | 3,888 |
Loans held for sale | 6,327 | 9,621 |
Portfolio loans and leases, originated | 2,433,054 | 2,240,987 |
Portfolio loans and leases, acquired | 244,291 | 294,438 |
Total portfolio loans and leases | 2,677,345 | 2,535,425 |
Less: Allowance for originated loan and lease losses | (16,957) | (17,458) |
Less: Allowance for acquired loan and lease losses | (47) | (28) |
Total allowance for loans and lease losses | (17,004) | (17,486) |
Net portfolio loans and leases | 2,660,341 | 2,517,939 |
Premises and equipment, net | 44,544 | 41,778 |
Accrued interest receivable | 9,287 | 8,533 |
Mortgage servicing rights | 5,732 | 5,582 |
Bank owned life insurance | 39,881 | 39,279 |
Federal Home Loan Bank stock | 16,248 | 17,305 |
Goodwill | 107,127 | 104,765 |
Intangible assets | 21,407 | 20,405 |
Other investments | 8,941 | 8,627 |
Other assets | 29,035 | 23,168 |
Total assets | 3,476,821 | 3,421,530 |
Liabilities | ||
Non-interest-bearing | 760,614 | 736,180 |
Interest-bearing | 1,923,567 | 1,843,495 |
Total deposits | 2,684,181 | 2,579,675 |
Short-term borrowings | 180,874 | 204,151 |
Long-term FHLB advances | 134,651 | 189,742 |
Subordinated notes | 29,573 | 29,532 |
Accrued interest payable | 2,267 | 2,734 |
Other liabilities | 43,383 | 34,569 |
Total liabilities | 3,074,929 | 3,040,403 |
Shareholders' equity | ||
Common stock, par value $1; authorized 100,000,000 shares; issued 21,247,795 and 21,110,968 shares as of September 30, 2017 and December 31, 2016, respectively, and outstanding of 17,050,151 and 16,939,715 as of September 30, 2017 and December 31, 2016, respectively | 21,248 | 21,111 |
Paid-in capital in excess of par value | 235,412 | 232,806 |
Less: Common stock in treasury at cost - 4,197,644 and 4,171,253 shares as of September 30, 2017 and December 31, 2016, respectively | (68,134) | (66,950) |
Accumulated other comprehensive loss, net of tax | (1,400) | (2,409) |
Retained earnings | 214,766 | 196,569 |
Total shareholders' equity | 401,892 | 381,127 |
Total liabilities and shareholders' equity | $ 3,476,821 | $ 3,421,530 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Investment securities available for sale, amortized cost | $ 472,158 | $ 568,890 |
Investment securities held to maturity, fair value | $ 6,218 | $ 2,818 |
Common stock, par value (in dollars per share) | $ 1 | $ 1 |
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common stock, shares issued (in shares) | 21,247,795 | 21,110,968 |
Common stock, shares outstanding (in shares) | 17,050,151 | 16,939,715 |
Treasury stock, shares (in shares) | 4,197,644 | 4,171,253 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Interest income: | ||||
Interest and fees on loans and leases | $ 30,892 | $ 27,931 | $ 88,517 | $ 82,306 |
Interest on cash and cash equivalents | 36 | 27 | 137 | 115 |
Interest on investment securities: | ||||
Taxable | 2,177 | 1,373 | 5,706 | 4,108 |
Non-taxable | 91 | 125 | 302 | 379 |
Dividends | 2 | 58 | 99 | 161 |
Total interest income | 33,198 | 29,514 | 94,761 | 87,069 |
Interest expense: | ||||
Interest on deposits | 2,198 | 1,575 | 6,009 | 4,053 |
Interest on short-term borrowings | 547 | 34 | 811 | 71 |
Interest on FHLB advances and other borrowings | 645 | 818 | 2,025 | 2,593 |
Interest on subordinated notes | 370 | 370 | 1,110 | 1,106 |
Total interest expense | 3,760 | 2,797 | 9,955 | 7,823 |
Net interest income | 29,438 | 26,717 | 84,806 | 79,246 |
Provision for loan and lease losses | 1,333 | 1,412 | 1,541 | 3,267 |
Net interest income after provision for loan and lease losses | 28,105 | 25,305 | 83,265 | 75,979 |
Non-interest income: | ||||
Fees for wealth management services | 9,651 | 9,100 | 28,761 | 27,363 |
Insurance commissions | 1,373 | 886 | 3,079 | 3,007 |
Capital markets revenue | 843 | 1,796 | ||
Service charges on deposits | 676 | 688 | 1,953 | 2,103 |
Loan servicing and other fees | 548 | 497 | 1,570 | 1,528 |
Net gain on sale of loans | 799 | 879 | 1,948 | 2,440 |
Net gain (loss) on sale of investment securities available for sale | 72 | (28) | 73 | (86) |
Net loss on sale of other real estate owned ("OREO") | (12) | (76) | ||
Dividends on FHLB and FRB stock | 217 | 277 | 649 | 754 |
Other operating income | 1,405 | 1,487 | 3,779 | 3,686 |
Total non-interest income | 15,584 | 13,786 | 43,596 | 40,719 |
Non-interest expenses: | ||||
Salaries and wages | 13,602 | 11,621 | 39,632 | 35,556 |
Employee benefits | 2,631 | 2,420 | 7,665 | 7,341 |
Occupancy and bank premises | 2,485 | 2,349 | 7,258 | 7,204 |
Furniture, fixtures, and equipment | 1,726 | 1,837 | 5,569 | 5,651 |
Advertising | 277 | 334 | 1,068 | 990 |
Amortization of intangible assets | 677 | 888 | 2,057 | 2,668 |
Impairment of mortgage servicing rights | 3 | 29 | 49 | 711 |
Due diligence, merger-related and merger integration expenses | 850 | 2,597 | ||
Professional fees | 739 | 937 | 2,499 | 2,696 |
Pennsylvania bank shares tax | 317 | 675 | 1,278 | 1,953 |
Information technology | 880 | 881 | 2,575 | 2,804 |
Other operating expenses | 3,997 | 3,400 | 11,092 | 9,012 |
Total non-interest expenses | 28,184 | 25,371 | 83,339 | 76,586 |
Income before income taxes | 15,505 | 13,720 | 43,522 | 40,112 |
Income tax expense | 4,766 | 4,346 | 14,306 | 13,484 |
Net income | $ 10,739 | $ 9,374 | $ 29,216 | $ 26,628 |
Basic earnings per common share (in dollars per share) | $ 0.63 | $ 0.56 | $ 1.72 | $ 1.58 |
Diluted earnings per common share (in dollars per share) | 0.62 | 0.55 | 1.69 | 1.57 |
Dividends declared per share (in dollars per share) | $ 0.22 | $ 0.21 | $ 0.64 | $ 0.61 |
Weighted-average basic shares outstanding (in shares) | 17,023,046 | 16,860,727 | 16,987,499 | 16,840,457 |
Dilutive shares (in shares) | 230,936 | 211,631 | 254,728 | 153,998 |
Adjusted weighted-average diluted shares (in shares) | 17,253,982 | 17,072,358 | 17,242,227 | 16,994,455 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Net Income | $ 10,739 | $ 9,374 | $ 29,216 | $ 26,628 |
Net change in unrealized gains (losses) on investment securities available for sale: | ||||
Net unrealized gains arising during the period, net of tax expense of $105, $(212),$535, and $1,336, respectively | 196 | (394) | 995 | 2,459 |
Less: reclassification adjustment for net losses (gains) on sales realized in net income, net of tax (benefit) expense of $25, $(10), $25,and $(30), respectively | (47) | 18 | (48) | 56 |
Unrealized investment gains, net of tax expense of $80, $(202), $510 and $1,366, respectively | 149 | (376) | 947 | 2,515 |
Net change in unfunded pension liability: | ||||
Change in unfunded pension liability related to unrealized loss, prior service cost and transition obligation, net of tax expense (benefit) of $9, $9, $34 and $13, respectively | 15 | 16 | 62 | 25 |
Total other comprehensive income | 164 | (360) | 1,009 | 2,540 |
Total comprehensive income | $ 10,903 | $ 9,014 | $ 30,225 | $ 29,168 |
Consolidated Statements of Com6
Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Net unrealized gains arising during the period, tax | $ 105 | $ (212) | $ 535 | $ 1,336 |
Reclassification adjustment for net losses (gains) on sales realized in net income, tax | 25 | (10) | 25 | (30) |
Unrealized investment gains, tax | 80 | (202) | 510 | 1,366 |
Change in unfunded pension liability related to unrealized loss, prior service cost and transition obligation, tax | $ 9 | $ 9 | $ 34 | $ 13 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Operating activities: | ||
Net Income | $ 29,216 | $ 26,628 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for loan and lease losses | 1,541 | 3,267 |
Depreciation of fixed assets | 4,181 | 4,234 |
Net amortization of investment premiums and discounts | 2,189 | 2,415 |
Net (gain) loss on sale of investment securities available for sale | (73) | 86 |
Net gain on sale of loans | (1,948) | (2,440) |
Stock based compensation cost | 1,476 | 1,233 |
Amortization and net impairment of mortgage servicing rights | 619 | 1,236 |
Net accretion of fair value adjustments | (2,038) | (2,966) |
Amortization of intangible assets | 2,057 | 2,668 |
Impairment of other real estate owned ("OREO") and other repossessed assets | 200 | |
Net loss on sale of OREO | 12 | 76 |
Net increase in cash surrender value of bank owned life insurance ("BOLI") | (602) | (684) |
Other, net | 2,130 | (460) |
Loans originated for resale | (91,214) | (114,087) |
Proceeds from loans sold | 95,599 | 113,121 |
Provision for deferred income taxes | 325 | 790 |
Change in income taxes payable/receivable | (2,576) | 412 |
Change in accrued interest receivable | (754) | (197) |
Change in accrued interest payable | (467) | 3 |
Net cash provided by operating activities | 39,873 | 35,335 |
Investing activities: | ||
Purchases of investment securities available for sale | (200,292) | (120,839) |
Purchases of investment securities held to maturity | (3,466) | (2,928) |
Proceeds from maturity and paydowns of investment securities available for sale | 259,765 | 45,666 |
Proceeds from maturity and paydowns of investment securities held to maturity | 71 | 22 |
Proceeds from sale of investment securities available for sale | 12,982 | 202 |
Net change in FHLB stock | 1,057 | (243) |
Proceeds from calls of investment securities | 22,180 | 58,406 |
Net change in other investments | (314) | 339 |
Purchase of domain name | (151) | |
Net portfolio loan and lease originations | (142,416) | (223,438) |
Purchases of premises and equipment | (5,251) | (1,559) |
Acquisitions, net of cash acquired | (4,792) | |
Capitalize costs to OREO | (50) | |
Proceeds from sale of OREO | 375 | 1,806 |
Net cash used in investing activities | (60,302) | (242,566) |
Financing activities: | ||
Change in deposits | 104,558 | 225,352 |
Change in short-term borrowings | (23,277) | (44,091) |
Dividends paid | (11,043) | (10,400) |
Change in long-term FHLB advances and other borrowings | (55,000) | (50,000) |
Payment of contingent consideration for business combinations | (100) | (85) |
Cash payments to taxing authorities on employees' behalf from shares withheld from stock-based compensation | (1,112) | (726) |
Net purchase of treasury stock for deferred compensation plans | (98) | (97) |
Net purchase of treasury stock through publicly announced plans | (7,971) | |
Proceeds from exercise of stock options | 1,288 | 1,205 |
Net cash provided by financing activities | 15,216 | 113,187 |
Change in cash and cash equivalents | (5,213) | (94,044) |
Cash and cash equivalents at beginning of period | 50,765 | 143,067 |
Cash and cash equivalents at end of period | 45,552 | 49,023 |
Supplemental cash flow information: | ||
Income taxes | 16,537 | 12,372 |
Interest | 10,422 | 7,823 |
Non-cash information: | ||
Change in other comprehensive loss | 1,009 | 2,540 |
Change in deferred tax due to change in comprehensive income | 544 | 1,379 |
Transfer of loans to other real estate owned and repossessed assets | 309 | 296 |
Acquisition of noncash assets and liabilities: | ||
Assets acquired | 7,284 | |
Liabilities assumed | $ 2,492 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - 9 months ended Sep. 30, 2017 - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Dec. 31, 2016 | 21,110,968 | 21,110,968 | ||||
Balance at Dec. 31, 2016 | $ 21,111 | $ 232,806 | $ (66,950) | $ (2,409) | $ 196,569 | $ 381,127 |
Net Income | 29,216 | 29,216 | ||||
Dividends declared, $0.64 per share | (11,019) | (11,019) | ||||
Net change | 1,009 | 1,009 | ||||
Stock based compensation | 1,476 | 1,476 | ||||
Form S-4 stock issuance costs | (108) | (108) | ||||
Retirement of treasury stock (in shares) | (2,628) | |||||
Retirement of treasury stock | $ (3) | (23) | 26 | |||
Net purchase of treasury stock from stock awards for statutory tax withholdings | (1,112) | (1,112) | ||||
Net purchase of treasury stock for deferred compensation trusts | (98) | $ (98) | ||||
Common stock issued through share-based awards and options exercises (in shares) | 139,455 | 58,027 | ||||
Common stock issued through share-based awards and options exercises | $ 140 | 1,261 | $ 1,401 | |||
Balance (in shares) at Sep. 30, 2017 | 21,247,795 | 21,247,795 | ||||
Balance at Sep. 30, 2017 | $ 21,248 | $ 235,412 | $ (68,134) | $ (1,400) | $ 214,766 | $ 401,892 |
Consolidated Statements of Cha9
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) $ in Thousands | 9 Months Ended |
Sep. 30, 2017USD ($)$ / shares | |
Retained Earnings [Member] | |
Dividends declared per share (in dollars per share) | $ 0.64 |
AOCI Attributable to Parent [Member] | |
Other comprehensive income (loss), tax | $ | $ 544 |
Dividends declared per share (in dollars per share) | $ 0.64 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | Note 1 - Basis of Presentation The unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). In the opinion of Bryn Mawr Bank Corporation ’s (the “Corporation”) management, all adjustments necessary for a fair presentation of the consolidated financial position and the results of operations for the interim periods presented have been included. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto in the Corporation’s Annual Report on Form 10 twelve December 31, 2016 ( “2016 The results of operations for the three nine September 30, 2017 not |
Note 2 - Earnings Per Common Sh
Note 2 - Earnings Per Common Share | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 2 - Earnings p er Common Share Basic earnings per common share excludes dilution and is computed by dividing income available to common shareholders by the weighted-average common shares outstanding during the period. Diluted earnings per common share includes the potential dilution computed pursuant to the treasury stock method that could occur if stock options were exercised and converted into common stock, as well as the effect of restricted and performance shares becoming unrestricted common stock. The effects of stock options are excluded from the computation of diluted earnings per share in periods in which the effect would be anti-dilutive. All weighted average shares, actual shares and per share information in the financial statements have been adjusted retroactively for the effect of stock dividends and splits. Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands except per share data) 2017 2016 2017 2016 Numerator: Net income available to common shareholders $ 10,739 $ 9,374 $ 29,216 $ 26,628 Denominator for basic earnings per share – weighted average shares outstanding 17,023,046 16,860,727 16,987,499 16,840,457 Effect of dilutive common shares 230,936 211,631 254,728 153,998 Denominator for diluted earnings per share – adjusted weighted average shares outstanding 17,253,982 17,072,358 17,242,227 16,994,455 Basic earnings per share $ 0.63 $ 0.56 $ 1.72 $ 1.58 Diluted earnings per share $ 0.62 $ 0.55 $ 1.69 $ 1.57 Antidilutive shares excluded from computation of average dilutive earnings per share 21,621 — 47,268 — |
Note 3 - Business Combinations
Note 3 - Business Combinations | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | Note 3 Harry R. Hirshorn & Company, Inc. , d/b/a Hirshorn Boothby (“Hirshorn”) The acquisition of Hirshorn, an insurance agency headquartered in the Chestnut Hill section of Philadelphia, was completed on May 24, 2017. ’s existing insurance subsidiary, Powers Craft Parker and Beard, Inc. The consideration paid by the Bank was $7.5 $5.8 three not $575 May 24, 2018, May 24, 2019, May 24, 2020, targets during the related periods. The acquisition enhanced the Bank’s ability to offer comprehensive insurance solutions to both individual and business clients and continues the strategy of selectively establishing specialty offices in targeted areas. In connection with the Hirshorn acquisition, the following table details the consideration paid, the initial estimated fair value of identifiable assets acquired and liabilities assumed as of the date of acquisition and the resulting goodwill recorded : (dollars in thousands) Consideration paid: Cash paid at closing $ 5,770 Contingent payment liability (present value) 1,690 Value of consideration 7,460 Assets acquired: Cash operating accounts 978 Intangible assets – trade name 195 Intangible assets – customer relationships 2,672 Intangible assets – non-competition agreements 41 Premises and equipment 1,795 Accounts receivable 192 Other assets 27 Total assets 5,900 Liabilities assumed: Accounts payable 800 Other liabilities 2 Total liabilities 802 Net assets acquired 5,098 Goodwill resulting from acquisition of Hirshorn $ 2,362 Pending Business Combination – Royal Bancshares of Pennsylvania , Inc. On January 30, 2017, $127.7 $602 $630 December 31, 2016 eighth fourth 2017, Due Diligence, Merger-Related and Merger Integration Expenses Due diligence, merger-related and merger integration expenses may Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 201 7 201 6 201 7 201 6 Salaries and wages $ 28 $ — $ 428 $ — Employee benefits 5 — 10 — Advertising 89 — 108 — Professional fees 662 — 1,600 — Information technology 41 — 300 — Other 25 — 151 — Total due diligence and merger-related expenses $ 850 $ — $ 2,597 $ — |
Note 4 - Investment Securities
Note 4 - Investment Securities | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 4 - Investment Securities The amortized cost and fair value of investment securities available for sale As of September 30 , 201 7 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury securities $ 100 $ — $ — $ 100 Obligations of the U.S. government and agencies 143,632 175 (1,095 ) 142,712 Obligations of state and political subdivisions 24,055 48 (24 ) 24,079 Mortgage-backed securities 259,812 1,491 (622 ) 260,681 Collateralized mortgage obligations 40,235 56 (696 ) 39,595 Other investments 4,324 246 (16 ) 4,554 Total $ 472,158 $ 2,016 $ (2,453 ) $ 471,721 As of December 31, 201 6 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury securities $ 200,094 $ 3 $ — $ 200,097 Obligations of the U.S. government and agencies 83,111 167 (1,080 ) 82,198 Obligations of state and political subdivisions 33,625 26 (121 ) 33,530 Mortgage-backed securities 185,997 1,260 (1,306 ) 185,951 Collateralized mortgage obligations 49,488 108 (902 ) 48,694 Other investments 16,575 105 (154 ) 16,526 Total $ 568,890 $ 1,669 $ (3,563 ) $ 566,996 The following table s detail the amount of investment securities available for sale As of September 30 , 201 7 Less than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Obligations of the U.S. government and agencies $ 91,172 $ (726 ) $ 15,631 $ (369 ) $ 106,803 $ (1,095 ) Obligations of state and political subdivisions 4,207 (15 ) 2,859 (9 ) 7,066 (24 ) Mortgage-backed securities 104,579 (447 ) 11,444 (175 ) 116,023 (622 ) Collateralized mortgage obligations 9,916 (100 ) 21,899 (596 ) 31,815 (696 ) Other investments 1,480 (16 ) — — 1,480 (16 ) Total $ 211,354 $ (1,304 ) $ 51,833 $ (1,149 ) $ 263,187 $ (2,453 ) As of December 31, 2016 Less than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Obligations of the U.S. government and agencies $ 62,211 $ (1,080 ) $ — $ — $ 62,211 $ (1,080 ) Obligations of state and political subdivisions 24,482 (121 ) — — 24,482 (121 ) Mortgage-backed securities 101,433 (1,306 ) — — 101,433 (1,306 ) Collateralized mortgage obligations 35,959 (902 ) — — 35,959 (902 ) Other investments 2,203 (93 ) 11,895 (61 ) 14,098 (154 ) Total $ 226,288 $ (3,502 ) $ 11,895 $ (61 ) $ 238,183 $ (3,563 ) Management evaluates the Corporation ’s investment securities available for sale that are in an unrealized loss position in order to determine if the decline in fair value is other than temporary. The available for sale investment portfolio includes debt securities issued by U.S. government agencies, U.S. government-sponsored agencies, state and local municipalities and other issuers. All fixed income investment securities in the Corporation’s available for sale investment portfolio are rated as investment grade. Factors considered in the evaluation include the current economic climate, the length of time and the extent to which the fair value has been below cost, interest rates and the bond rating of each security. The unrealized losses presented in the tables above are temporary in nature and are primarily related to market interest rates rather than the underlying credit quality of the issuers. The Corporation does not not not not As of September 30, 2017 December 31, 2016, $105.9 $119.4 The amortized cost and fair value of investment securities available for sale September 30, 2017 December 31, 2016, September 30 , 201 7 December 31, 201 6 (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Investment securities 1 Due in one year or less $ 11,870 $ 11,873 $ 213,876 $ 213,885 Due after one year through five years 98,400 97,785 40,335 40,270 Due after five years through ten years 42,700 42,342 45,840 44,914 Due after ten years 15,917 15,990 18,079 18,055 Subtotal 168,887 167,990 318,130 317,124 Mortgage-related securities 1 300,047 300,276 235,485 234,644 Mutual funds with no stated maturity 3,224 3,455 15,275 15,228 Total $ 472,158 $ 471,721 $ 568,890 $ 566,996 1 Expected maturities of mortgage-related securities may differ from contractual maturities as borrowers may prepay obligations with or without call or prepayment penalties. The amortized cost and fair value of investment securities held to maturity September 30, 2017 December 31, 2016 As of September 30 , 201 7 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Mortgage-backed securities $ 6,255 $ 10 $ (47 ) $ 6,218 Total $ 6,255 $ 10 $ (47 ) $ 6,218 A s of Dec ember 3 1 , 2016 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Mortgage-backed securities $ 2,879 $ — $ (61 ) $ 2,818 Total $ 2,879 $ — $ (61 ) $ 2,818 The following table s detail the amount of held to maturity September 30, 2017 December 31, 2016: As of September 30 , 201 7 Less than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Mortgage-backed securities $ 2,194 $ (5 ) $ 2,783 $ (42 ) $ 4,977 $ (47 ) Total $ 2,194 $ (5 ) $ 2,783 $ (42 ) $ 4,977 $ (47 ) A s of Dec ember 3 1 , 2016 Less than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Mortgage-backed securities $ 2,818 $ (61 ) $ — $ — $ 2,818 $ (61 ) Total $ 2,818 $ (61 ) $ — $ — $ 2,818 $ (61 ) The amortized cost and fair value of investment securities held to maturity September 30, 2017 December 31, 2016, September 30 , 2017 December 31, 2016 (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Mortgage-related securities 1 $ 6,255 $ 6,218 $ 2,879 $ 2,818 Total $ 6,255 $ 6,218 $ 2,879 $ 2,818 1 Expected maturities of mortgage-related securities may may As of September 30, 2017 December 31, 2016, trading $4.4 $3.9 consisted solely of deferred compensation trust accounts which were invested in listed mutual funds whose diversification is at the discretion of the deferred compensation plan participants. Investment securities held in trading accounts are reported at fair value, with adjustments in fair value reported through earnings. |
Note 5 - Loans and Leases
Note 5 - Loans and Leases | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 5 - Loans and Leases The loan and lease portfolio consists of loans and leases originated by the Corporation, as well as loans acquired in mergers and acquisitions. These mergers and acquisitions include the January 2015 November 2012 July 2010 originated acquired A. The table below details all portfolio loans and leases as of the dates indicated : September 30 , 201 7 December 31, 201 6 Loans held for sale $ 6,327 $ 9,621 Real estate loans: Commercial mortgage $ 1,224,571 $ 1,110,898 Home equity lines and loans 206,974 207,999 Residential mortgage 422,524 413,540 Construction 133,505 141,964 Total real estate loans 1,987,574 1,874,401 Commercial and industrial 597,595 579,791 Consumer 31,306 25,341 Leases 60,870 55,892 Total portfolio loans and leases 2,677,345 2,535,425 Total loans and leases $ 2,683,672 $ 2,545,046 Loans with fixed rates $ 1,141,433 $ 1,130,172 Loans with adjustable or floating rates 1,542,239 1,414,874 Total loans and leases $ 2,683,672 $ 2,545,046 Net deferred loan origination fees included in the above loan table $ (718 ) $ (735 ) The table below details the Corporation’s originated September 30, 2017 December 31, 201 6 Loans held for sale $ 6,327 $ 9,621 Real estate loans: Commercial mortgage $ 1,089,369 $ 946,879 Home equity lines and loans 182,301 178,450 Residential mortgage 362,237 342,268 Construction 133,505 141,964 Total real estate loans 1,767,412 1,609,561 Commercial and industrial 573,607 550,334 Consumer 31,165 25,200 Leases 60,870 55,892 Total portfolio loans and leases 2,433,054 2,240,987 Total loans and leases $ 2,439,381 $ 2,250,608 Loans with fixed rates $ 1,026,646 $ 992,917 Loans with adjustable or floating rates 1,412,735 1,257,691 Total originated loans and leases $ 2,439,381 $ 2,250,608 Net deferred loan origination fees included in the above loan table $ (718 ) $ (735 ) The table below details the Corporation’s acquired September 30, 2017 December 31, 201 6 Real estate loans: Commercial mortgage $ 135,202 $ 164,019 Home equity lines and loans 24,673 29,549 Residential mortgage 60,287 71,272 Total real estate loans 220,162 264,840 Commercial and industrial 23,988 29,457 Consumer 141 141 Total portfolio loans and leases 244,291 294,438 Total acquired loans and leases $ 244,291 $ 294,438 Loans with fixed rates $ 114,787 $ 137,255 Loans with adjustable or floating rates 129,504 157,183 Total acquired loans and leases $ 244,291 $ 294,438 B. Components of the net investment in leases are detailed as follows: (dollars in thousands) September 30, 2017 December 31, 201 6 Minimum lease payments receivable $ 67,561 $ 62,379 Unearned lease income (8,946 ) (8,608 ) Initial direct costs and deferred fees 2,255 2,121 Total $ 60,870 $ 55,892 C . Non-Performing Loans and Leases ( 1 The following table details all (dollars in thousands) September 30, 2017 December 31, 2016 Non-accrual loans and leases : Commercial mortgage $ 193 $ 320 Home equity lines and loans 613 2,289 Residential mortgage 1,589 2,658 Commercial and industrial 1,977 2,957 Consumer — 2 Leases 100 137 Total $ 4,472 $ 8,363 ( 1 Purchased credit-impaired loans, which have been recorded at their fair values at acquisition, and which are performing, are excluded from this table, with the exception of $270 t h ousand and $ 344 tho usand of purchased credit-impaired loans as of September 30, 2017 and December 31, 201 6 , respectively, which became non-performing subsequent to acquisition. The following table details non-performing originated (dollars in thousands) September 30, 2017 December 31, 2016 Non-accrual originated loans and leases : Commercial mortgage $ 144 $ 265 Home equity lines and loans 270 2,169 Residential mortgage 458 1,654 Commercial and industrial 1,131 941 Consumer — 2 Leases 100 137 Total $ 2,103 $ 5,168 The following table details non-performing acquired ( 1 (dollars in thousands) September 30, 2017 December 31, 2016 Non-accrual acquired loans and leases : Commercial mortgage $ 49 $ 55 Home equity lines and loans 343 120 Residential mortgage 1,131 1,004 Commercial and industrial 846 2,016 Total $ 2,369 $ 3,195 ( 1 Purchased credit-impaired loans, which have been recorded at their fair values at acquisition, and which are performing, are excluded from this table, with the exception of $270 thousand and $ 344 thousand of purchased credit-impaired loans as of September 30, 2017 and December 31, 201 6 , respectively, which became non-performing subsequent to acquisition. D . Purchased Credit-Impaired Loans The outstanding principal balance and related carrying amount of credit-impaired loans, for which the Corporation applies ASC 310 30, Accounting for Purchased Loans with Deteriorated Credit Quality (dollars in thousands) September 30, 2017 December 31, 201 6 Outstanding principal balance $ 15,149 $ 18,091 Carrying amount (1) $ 10,380 $ 12,432 ( 1 Includes $274 thousand and $ 368 th ousand of purchased credit-impaired loans as of September 30, 2017 and December 31, 201 6 , respectively, for which the Corporation could not acquisition , and for which no $270 th ousand and $ 344 thousand of purchased credit-impaired loans as of September 30, 2017 and December 31, 201 6 , respectively, which became non-performing subsequent to acquisition , which are disclosed in Note 5 C , above, and which also have no The following table presents changes in the accretable discount on purchased credit-impaired loans, for which the Corporation applies ASC 310 30, nine September 30, 2017: (dollars in thousands) Accretable Discount Balance, December 31, 2016 $ 3,233 Accretion (1,553 ) Reclassifications from nonaccretable difference — Additions/adjustments 666 Disposals — Balance, September 30, 2017 $ 2,346 E . Age Analysis of Past Due Loans and Leases The following tables present an aging of all Accruing Loans and Leases (dollars in thousands) 30 – 59 Days 60 – 89 Days Over 89 Days Past Due Total Past Due Current * Total Accruing Loans and Leases Nonaccrual Loans and Leases Total Loans and Leases As of September 30 , 201 7 Commercial mortgage $ 525 $ — $ — $ 525 $ 1,223,853 $ 1,224,378 $ 193 $ 1,224,571 Home equity lines and loans — — — — 206,361 206,361 613 206,974 Residential mortgage 1,608 1,857 — 3,465 417,470 420,935 1,589 422,524 Construction — 116 — 116 133,389 133,505 — 133.505 Commercial and industrial — — — — 595,618 595,618 1,977 597,595 Consumer 22 — — 22 31,284 31,306 — 31,306 Leases 296 133 — 429 60,341 60,770 100 60,870 Total $ 2,451 $ 2,106 $ — $ 4,557 $ 2,668,316 $ 2,672,873 $ 4,472 $ 2,677,345 Accruing Loans and Leases (dollars in thousands) 30 – 59 Days 60 – 89 Days Over 89 Days Past Due Total Past Due Current * Total Accruing Loans and Leases Nonaccrual Loans and Leases Total Loans and Leases As of December 31, 201 6 Commercial mortgage $ 666 $ 722 $ — $ 1,388 $ 1,109,190 $ 1,110,578 $ 320 $ 1,110,898 Home equity lines and loans 11 — — 11 205,699 205,710 2,289 207,999 Residential mortgage 823 490 — 1,313 409,569 410,882 2,658 413,540 Construction — — — — 141,964 141,964 — 141,964 Commercial and industrial 36 — — 36 576,798 576,834 2,957 579,791 Consumer 10 5 — 15 25,324 25,339 2 25,341 Leases 177 86 — 263 55,492 55,755 137 55,892 Total $ 1,723 $ 1,303 $ — $ 3,026 $ 2,524,036 $ 2,527,062 $ 8,363 $ 2,535,425 * I ncluded as “current” are $4.2 million and $15.3 September 30, 2017 and December 31, 2016 , respectively, which are classified as Administratively Delinquent. An Administratively Delinquent loan is one not not The following tables present an aging of originated Accruing Loans and Leases (dollars in thousands) 30 – 59 Days 60 – 89 Days Over 89 Days Past Due Total Past Due Current * Total Accruing Loans and Leases Nonaccrual Loans and Leases Total Loans and Leases As of September 30 , 201 7 Commercial mortgage $ 398 $ — $ — $ 398 $ 1,088,827 $ 1,089,225 $ 144 $ 1,089,369 Home equity lines and loans — — — — 182,031 182,031 270 182,301 Residential mortgage 1,511 — — 1,511 360,268 361,779 458 362,237 Construction — 116 — 116 133,389 133,505 — 133,505 Commercial and industrial — — — — 572,476 572,476 1,131 573,607 Consumer 22 — — 22 31,143 31,165 — 31,165 Leases 296 133 — 429 60,341 60,770 100 60,870 Total $ 2,227 $ 249 $ — $ 2,476 $ 2,428,475 $ 2,430,951 $ 2,103 $ 2,433,054 Accruing Loans and Leases (dollars in thousands) 30 – 59 Days 60 – 89 Days Over 89 Days Past Due Total Past Due Current * Total Accruing Loans and Leases Nonaccrual Loans and Leases Total Loans and Leases As of December 31, 201 6 Commercial mortgage $ — $ 722 $ — $ 722 $ 945,892 $ 946,614 $ 265 $ 946,879 Home equity lines and loans 11 — — 11 176,270 176,281 2,169 178,450 Residential mortgage 773 64 — 837 339,778 340,615 1,653 342,268 Construction — — — — 141,964 141,964 — 141,964 Commercial and industrial — — — — 549,393 549,393 941 550,334 Consumer 10 5 — 15 25,183 25,198 2 25,200 Leases 177 86 — 263 55,492 55,755 137 55,892 Total $ 971 $ 877 $ — $ 1,848 $ 2,233,972 $ 2,235,820 $ 5,167 $ 2,240,987 * I ncluded as “current” are $4.2 million and $13.5 September 30, 2017 and December 31, 2016, one not not T he following tables present an aging of acquire d Accruing Loans and Leases (dollars in thousands) 30 – 59 Days 60 – 89 Days Over 89 Days Past Due Total Past Due Current Total Accruing Loans and Leases Nonaccrual Loans and Leases Total Loans and Leases As of September 30 , 201 7 Commercial mortgage $ 127 $ — $ — $ 127 $ 135,026 $ 135,153 $ 49 $ 135,202 Home equity lines and loans — — — — 24,330 24,330 343 24,673 Residential mortgage 97 1,857 — 1,954 57,202 59,156 1,131 60,287 Commercial and industrial — — — — 23,142 23,142 846 23,988 Consumer — — — — 141 141 — 141 Total $ 224 $ 1,857 $ — $ 2,081 $ 239,841 $ 241,922 $ 2,369 $ 244,291 Accruing Loans and Leases (dollars in thousands) 30 – 59 Days 60 – 89 Days Over 89 Days Past Due Total Past Due Current * Total Accruing Loans and Leases Nonaccrual Loans and Leases Total Loans and Leases As of December 31, 201 6 Commercial mortgage $ 666 $ — $ — $ 666 $ 163,298 $ 163,964 $ 55 $ 164,019 Home equity lines and loans — — — — 29,429 29,429 120 29,549 Residential mortgage 50 426 — 476 69,791 70,267 1,005 71,272 Commercial and industrial 36 — — 36 27,405 27,441 2,016 29,457 Consumer — — — — 141 141 — 141 Total $ 752 $ 426 $ — $ 1,178 $ 290,064 $ 291,242 $ 3,196 $ 294,438 * I ncluded as “current” is $1.8 December 31, 2016 one not not F . Allowance for Loan and Lease Losses (the “Allowance”) The following tables detail the roll-forward of the Allowance for the three nine September 30, 2017: (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Unallocated Total Balance, June 30, 2017 $ 6,608 $ 1,214 $ 1,776 $ 1,111 $ 4,813 $ 177 $ 700 $ — $ 16,399 Charge-offs — (69 ) (88 ) — (301 ) (37 ) (411 ) — (906 ) Recoveries 3 — 85 1 2 1 86 — 178 Provision for loan and lease losses 721 (53 ) 48 (182 ) 366 69 364 — 1,333 Balance, September 30, 2017 $ 7,332 $ 1,092 $ 1,821 $ 930 $ 4,880 $ 210 $ 739 $ — $ 17,004 (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Unallocated Total Balance, December 31, 2016 $ 6,227 $ 1,255 $ 1,917 $ 2,233 $ 5,142 $ 153 $ 559 $ — $ 17,486 Charge-offs — (676 ) (158 ) — (560 ) (96 ) (924 ) (2,414 ) Recoveries 9 — 85 3 18 5 271 391 Provision for loan and lease losses 1,096 513 (23 ) (1,306 ) 280 148 833 1,541 Balance, September 30, 2017 $ 7,332 $ 1,092 $ 1,821 $ 930 $ 4,880 $ 210 $ 739 $ — $ 17,004 The following table details the roll-forward of the Allowance for the three nine September 30, 2016: (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Unallocated Total Balance, June 30, 2016 $ 6,021 $ 1,185 $ 1,949 $ 2,144 $ 5,045 $ 127 $ 565 $ — $ 17,036 Charge-offs — (402 ) (4 ) — (112 ) (64 ) (240 ) — (822 ) Recoveries 4 27 2 — 16 7 62 — 118 Provision for loan and lease losses 224 402 44 (28 ) 500 74 176 — 1,412 Balance, September 30, 2016 $ 6,269 $ 1,212 $ 1,991 $ 2,116 $ 5,449 $ 144 $ 563 $ — $ 17,744 (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Unallocated Total Balance, December 31, 2015 $ 5,199 $ 1,307 $ 1,740 $ 1,324 $ 5,609 $ 142 $ 518 $ 18 $ 15,857 Charge-offs (110 ) (488 ) (275 ) — (144 ) (131 ) (650 ) — (1,798 ) Recoveries 10 31 46 63 67 23 178 — 418 Provision for loan and lease losses 1,170 362 480 729 (83 ) 110 517 (18 ) 3,267 Balance September 30, 2016 $ 6,269 $ 1,212 $ 1,991 $ 2,116 $ 5,449 $ 144 $ 563 $ — $ 17,744 The following table details the allocation of the Allowance for all September 30, 2017 December 31, 2016: (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Unallocated Total As of September 30 , 201 7 Allowance on loans and leases: Individually evaluated for impairment $ — $ 3 $ 116 $ — $ — $ 4 $ — $ — $ 123 Collectively evaluated for impairment 7,332 1,089 1,705 930 4,880 206 739 — 16,881 Purchased credit-impaired (1) — — — — — — — — — Total $ 7,332 $ 1,092 $ 1,821 $ 930 $ 4,880 $ 210 $ 739 $ — $ 17,004 As of December 31, 201 6 Allowance on loans and leases: Individually evaluated for impairment $ — $ — $ 73 $ — $ 5 $ 8 $ — $ — $ 86 Collectively evaluated for impairment 6,227 1,255 1,844 2,233 5,137 145 559 — 17,400 Purchased credit-impaired (1) — — — — — — — — — Total $ 6,227 $ 1,255 $ 1,917 $ 2,233 $ 5,142 $ 153 $ 559 $ — $ 17,486 ( 1 Purchased credit-impaired loans are evaluated for impairment on an individual basis. The following table details the carrying value for all September 30, 2017 December 31, 2016: (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Total As of September 30 , 201 7 Carrying value of loans and leases: Individually evaluated for impairment $ 1,449 $ 654 $ 6,459 $ — $ 1,940 $ 27 $ — $ 10,529 Collectively evaluated for impairment 1,214,225 206,232 416,065 133,505 594,260 31,279 60,870 2,656,436 Purchased credit-impaired (1) 8,897 88 — — 1,395 — — 10,380 Total $ 1,224,571 $ 206,974 $ 422,524 $ 133,505 $ 597,595 $ 31,306 $ 60,870 $ 2,677,345 As of December 31, 201 6 Carrying value of loans and leases: Individually evaluated for impairment $ 1,576 $ 2,354 $ 7,266 $ — $ 2,946 $ 31 $ — $ 14,173 Collectively evaluated for impairment 1,098,788 205,540 406,271 141,964 575,055 25,310 55,892 2,508,820 Purchased credit-impaired (1) 10,534 105 3 — 1,790 — — 12,432 Total $ 1,110,898 $ 207,999 $ 413,540 $ 141,964 $ 579,791 $ 25,341 $ 55,892 $ 2,535,425 ( 1 Purchased credit-impaired loans are evaluated for impairment on an individual basis. The following table details the allocation of the Allowance for originated September 30, 2017 December 31, 2016: (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Unallocated Total As of September 30 , 201 7 Allowance on loans and leases: Individually evaluated for impairment $ — $ 3 $ 69 $ — $ — $ 4 $ — $ — $ 76 Collectively evaluated for impairment 7,332 1,089 1,705 930 4,880 206 739 — 16,881 Total $ 7,332 $ 1,092 $ 1,774 $ 930 $ 4,880 $ 210 $ 739 $ — $ 16,957 As of December 31, 201 6 Allowance on loans and leases: Individually evaluated for impairment $ — $ — $ 45 $ — $ 5 $ 8 $ — $ — $ 58 Collectively evaluated for impairment 6,227 1,255 1,844 2,233 5,137 145 559 — 17,400 Total $ 6,227 $ 1,255 $ 1,889 $ 2,233 $ 5,142 $ 153 $ 559 $ — $ 17,458 The following table details the carrying value for originated September 30, 2017 December 31, 2016: (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Total As of September 30 , 201 7 Carrying value of loans and leases: Individually evaluated for impairment $ 1,400 $ 388 $ 3,153 $ — $ 1,287 $ 27 $ — $ 6,255 Collectively evaluated for impairment 1,087,969 181,913 359,084 133,505 572,319 31,139 60,870 2,426,799 Total $ 1,089,369 $ 182,301 $ 362,237 $ 133,505 $ 573,606 $ 31,166 $ 60,870 $ 2,433,054 As of December 31, 201 6 Carrying value of loans and leases: Individually evaluated for impairment $ 1,521 $ 2,319 $ 4,111 $ — $ 1,190 $ 31 $ — $ 9,172 Collectively evaluated for impairment 945,358 176,131 338,157 141,964 549,144 25,169 55,892 2,231,815 Total $ 946,879 $ 178,450 $ 342,268 $ 141,964 $ 550,334 $ 25,200 $ 55,892 $ 2,240,987 The following table details the allocation of the Allowance for acquired September 30, 2017 December 31, 2016: (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Unallocated Total As of September 30 , 201 7 Allowance on loans and leases: Individually evaluated for impairment $ — $ — $ 47 $ — $ — $ — $ — $ — $ 47 Collectively evaluated for impairment — — — — — — — — — Purchased credit-impaired (1) — — — — — — — — — Total $ — $ — $ 47 $ — $ — $ — $ — $ — $ 47 As of December 31, 201 6 Allowance on loans and leases: Individually evaluated for impairment $ — $ — $ 28 $ — $ — $ — $ — $ — $ 28 Collectively evaluated for impairment — — — — — — — — — Purchased credit-impaired (1) — — — — — — — — — Total $ — $ — $ 28 $ — $ — $ — $ — $ — $ 28 ( 1 Purchased credit-impaired loans are evaluated for impairment on an individual basis. The following table details the carrying value for acquired September 30, 2017 December 31, 2016: (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Total As of September 30 , 201 7 Carrying value of loans and leases: Individually evaluated for impairment $ 49 $ 266 $ 3,306 $ — $ 653 $ — $ — $ 4,274 Collectively evaluated for impairment 126,256 24,319 56,981 — 21,941 140 — 229,637 Purchased credit-impaired (1) 8,897 88 — — 1,395 — — 10,380 Total $ 135,202 $ 24,673 $ 60,287 $ — $ 23,989 $ 140 $ — $ 244,291 As of December 31, 201 6 Carrying value of loans and leases: Individually evaluated for impairment $ 55 $ 35 $ 3,155 $ — $ 1,756 $ — $ — $ 5,001 Collectively evaluated for impairment 153,430 29,409 68,114 — 25,911 141 — 277,005 Purchased credit-impaired (1) 10,534 105 3 — 1,790 — — 12,432 Total $ 164,019 $ 29,549 $ 71,272 $ — $ 29,457 $ 141 $ — $ 294,438 ( 1 Purchased credit-impaired loans are evaluated for impairment on an individual basis. As part of the process of determining the Allowance for the different segments of the loan and lease portfolio, Management considers certain credit quality indicators. For the commercial mortgage, construction and commercial and industrial loan segments, periodic reviews of the individual loans are performed by both in-house staff as well as external loan reviewers. The result of these reviews is reflected in the risk grade assigned to each loan. These internally assigned grades are as follows: • Pass – Loans considered satisfactory with no • Special mention - Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may • Substandard - Loans classified as substandard are inadequately protected by the current net worth and payment capacity of the obligor or of the collateral pledged, if any. Substandard loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not • Doubtful - Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. In addition, for the remaining segments of the loan and lease portfolio, which include residential mortgage, home equity lines and loans, consumer, and leases, the credit quality indicator used to determine this component of the Allowance is based on performance status. The following tables detail the carrying value of all September 30, 2017 December 31, 2016: Credit Risk Profile by Internally Assigned Grade (dollars in thousands) Commercial Mortgage Construction Commercial and Industrial Total September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 Pass $ 1,215,039 $ 1,099,557 $ 130,398 $ 140,370 $ 591,495 $ 570,342 $ 1,936,932 $ 1,810,269 Special Mention — 1,892 — — 1,332 2,315 1,332 4,207 Substandard 9,532 9,449 3,107 1,594 4,249 5,512 16,888 16,555 Doubtful — — — — 519 1,622 519 1,622 Total $ 1,224,571 $ 1,110,898 $ 133,505 $ 141,964 $ 597,595 $ 579,791 $ 1,955,671 $ 1,832,653 Credit Risk Profile by Payment Activity (dollars in thousands) Residential Mortgage Home Equity Lines and Loans Consumer Leases Total September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 Performing $ 420,935 $ 410,882 $ 206,361 $ 205,710 $ 31,606 $ 25,339 $ 60,770 $ 55,755 $ 719,372 $ 697,686 Non-performing 1,589 2,658 613 2,289 — 2 100 137 2,302 5,086 Total $ 422,524 $ 413,540 $ 206,974 $ 207,999 $ 31,606 $ 25,341 $ 60,870 $ 55,892 $ 721,674 $ 702,772 The following tables detail the carrying value of originated September 30, 2017 December 31, 2016: Credit Risk Profile by Internally Assigned Grade (dollars in thousands) Commercial Mortgage Construction Commercial and Industrial Total September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 Pass $ 1,081,187 $ 936,737 $ 130,398 $ 140,370 $ 570,427 $ 544,876 $ 1,782,012 $ 1,621,983 Special Mention — 1,892 — — 1,332 2,279 1,332 4,171 Substandard 8,182 8,250 3,107 1,594 1,494 3,054 12,783 12,898 Doubtful — — — — 354 125 354 125 Total $ 1,089,369 $ 946,879 $ 133,505 $ 141,964 $ 573,607 $ 550,334 $ 1,796,481 $ 1,639,177 Credit Risk Profile by Payment Activity (dollars in t housands) Residential Mortgage Home Equity Lines and Loans Consumer Leases Total September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 Performing $ 361,779 $ 340,615 $ 182,031 $ 176,281 $ 31,165 $ 25,198 $ 60,770 $ 55,755 $ 635,745 $ 597,849 Non-performing 458 1,653 270 2,169 — 2 100 137 828 3,961 Total $ 362,237 $ 342,268 $ 182,301 $ 178,450 $ 31,165 $ 25,200 $ 60,870 $ 55,892 $ 636,573 $ 601,810 The following tables detail the carrying value of acquired September 30, 2017 December 31, 2016: Credit Risk Profile by Internally Assigned Grade (dollars in thousands) Commercial Mortgage Construction Commercial and Industrial Total September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 Pass $ 133,852 $ 162,820 $ — $ — $ 21,068 $ 25,466 $ 154,920 $ 188,286 Special Mention — — — — — 36 — 36 Substandard 1,350 1,199 — — 2,755 2,458 4,105 3,657 Doubtful — — — — 165 1,497 165 1,497 Total $ 135,202 $ 164,019 $ — $ — $ 23,988 $ 29,457 $ 159,190 $ 193,476 Credit Risk Profile by Payment Activity (dollars in thousands) Residential Mortgage Home Equity Lines and Loans Consumer Total September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 Performing $ 59,156 $ 70,267 $ 24,330 $ 29,429 $ 141 $ 141 $ 83,627 $ 99,837 Non-performing 1,131 1,005 343 120 — — 1,474 1,125 Total $ 60,287 $ 71,272 $ 24,673 $ 29,549 $ 141 $ 141 $ 85,101 $ 100,962 G. Troubl ed Debt Restructurings (“TDRs”) The restructuring of a loan is considered a “troubled debt restructuring” if both of the following conditions are met: (i) the borrower is experiencing financial difficulties, and (ii) the creditor has granted a concession. The most common concessions granted include one The determination of whether a borrower is experiencing financial difficulties takes into account not not The following table presents the balance of TDRs as of the indicated dates: (dollars in thousands) September 30, 2017 December 31, 2016 TDRs included in nonperforming loans and leases $ 2,033 $ 2,632 TDRs in compliance with modified terms 6,597 6,395 Total TDRs $ 8,630 $ 9,027 The following table present s information regarding loan and lease modifications categorized as TDRs for the three September 30, 2017: For the Three Months Ended September 30, 2017 (dollars in thousands) Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Residential mortgage 2 $ 240 $ 240 Leases 2 28 28 Total 4 $ 268 $ 268 The following table present s information regarding the types of loan and lease modifications made for the three September 30, 2017: Number of Contracts for the Three Months Ended September 30, 2017 Interest Rate Change Loan Term Extension Interest Rate Change and Term Extension Interest Rate Change and/or Interest- Only Period Contractual Payment Reduction (Leases only) Forgiveness of Interest Forgiveness of Principal Residential mortgage — 1 1 — — — — Leases — — — — 2 — — Total — 1 1 — 2 — — The following table present s information regarding loan and lease modifications categorized as TDRs for the nine September 30, 2017: For the Nine Months Ended September 30, 2017 (dollars in thousands) Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Home equity loans and lines 1 $ 8 $ 8 Residential mortgage 3 442 442 Leases 4 87 87 Total 8 $ 537 $ 537 The following table present s information regarding the types of loan and lease modifications made for the nine September 30, 2017: Number of Contracts for the Nine Months Ended September 30, 2017 Interest Rate Change Loan Term Extension Interest Rate Change and Term Extension Interest Rate Change and/or Interest- Only Period Contractual Payment Reduction (Leases only) Forgiveness of Interest Forgiveness of Principal Home equity loans and lines 1 — — — — — — Residential mortgage 1 1 1 — — — — Leases — — — — 4 — — Total 2 1 1 — 4 — — D uring the three nine September 30, 2017, one $ 63 H. Impaired Loans The following tables detail the recorded investment and principal balance of impaired loans by po rtfolio segment, their related Allowance and interest income recognized as of the dates or for the periods indicated: (dollars in thousands) Recorded Investment (2) Principal Balance Related Allowance Average Principal Interest Income Cash-Basis Interest As of or for the three months ended September 30, 2017 Impaired loans with related Allowance: Home equity lines and loans $ 21 $ 21 $ 3 $ 21 $ — $ — Residential mortgage 1,770 1,770 116 1,776 23 — Consumer 27 27 4 28 — — Total $ 1,818 $ 1,818 $ 123 $ 1,825 $ 23 $ — Impaired loans without related Allowance (1) (3) Commercial mortgage $ 1,449 $ 1,485 $ — $ 1,451 $ 15 $ — Home equity lines and loans 633 694 — 655 1 — Residential mortgage 4,688 5,015 — 4,243 43 — Commercial and industrial 1,940 2,796 — 2,605 2 — Total $ 8,710 $ 9,990 $ — $ 8,954 $ 61 $ — Grand total $ 10,528 $ 11,808 $ 123 $ 10,779 $ 84 $ — ( 1 The table above does not $270 thousand of impaired leases without a related Allowance. ( 2 Recorded investment equals principal balance less partial charge-offs and interest payments on non-performing loans that have been applied to principal. ( 3 This table excludes all purchased credit-impaired loans, which are discussed in Note 5D, (dollars in thousands) Recorded Investment (2) Principal Balance Related Allowance Average Principal Interest Income Cash-Basis Interest As of or for the nine months ended September 30 , 201 7 Impaired loans with related Allowance: Home equity lines and loans $ 21 $ 21 $ 3 $ 21 $ 1 $ — Residential mortgage 1,770 1,770 116 1,797 67 — Consumer 27 27 4 28 1 — Total $ 1,818 $ 1,818 $ 123 $ 1,846 $ 69 $ — Impaired loans without related Allowance (1) (3) Commercial mortgage $ 1,449 $ 1,485 $ — $ 1,475 $ 45 $ — Home equity lines and loans 633 694 — 669 5 — Residential mortgage 4,688 5,015 — 4,288 118 — Commercial and industrial 1,940 2,796 — 2,746 34 — Total $ 8,710 $ 9,990 $ — $ 9,178 $ 202 $ — Grand total $ 10,528 $ 11,808 $ 123 $ 11,024 $ 271 $ — ( 1 The table above does not of $270 th ousand of impaired leases without a related A llowance. ( 2 Recorded investment equals principal balance less partial charge-offs and interest payments on non-performing loans that have been applied to principal. ( 3 Th is table excludes all purchased credit-impaired loans, which are discussed in Note 5 D , above. (dollars in thousands) Recorded Investment (2) Principal Balance Related Allowance Average Principal Interest Income Cash-Basis Interest As of or for the three months ended September 30, 2016 Impaired loans with related Allowance: Residential mortgage $ 624 $ 624 $ 74 $ 638 $ 7 $ — Commercial and industrial 1,832 1,832 519 1,901 1 — Consumer 30 30 6 31 — — Total $ 2,486 $ 2,486 $ 599 $ 2,570 $ 8 $ — Impaired loans without related Allowance (1) (3) Commercial mortgage $ 1,395 $ 1,395 $ — $ 1,398 $ 15 $ — Home equity lines and loans 2,891 3,498 — 3,651 1 — Residential mortgage 6,838 7,170 — 8,136 53 — Commercial and industrial 1,984 2,544 — 3,799 1 — Consumer 2 2 — 2 — — Total $ 13,110 $ 14,609 $ — $ 16,986 $ 70 $ — Grand total $ 15,596 $ 17,095 $ 599 $ 19,556 $ 78 $ — ( 1 The table above does not e the recorded investment of $203 thousand of impaired leases without a related Allowance. ( 2 Recorded investment equals principal balance less partial charge-offs and interest payments on non-performing loans that have been applied to principal. ( 3 This table excludes all purchased credit-impaired loans, which are discussed in Note 5D, (dollars in thousands) Recorded Investment (2) Principal Balance Related Allowance Average Principal Interest Income Cash-Basis Interest As of or for the nine months ended September 30, 2016 Impaired loans with related Allowance: Residential mortgage $ 624 $ 624 $ 74 $ 640 $ 21 $ — Commercial and industrial 1,832 1,832 519 1,944 4 — Consumer 30 30 6 32 1 — Total $ 2,486 $ 2,486 $ 599 $ 2,616 $ 26 $ — Impaired loans without related Allowance (1) (3) Commercial mortgage $ 1,395 $ 1,395 $ — $ 1,399 $ 46 $ — Home equity lines and loans 2,891 3,498 — 3,675 22 — Residential mortgage 6,838 7,170 — 8,131 164 — Commercial and industrial 1,984 2,544 — 4,246 30 — Consumer 2 2 — 2 — — Total $ 13,110 $ 14,609 $ — $ 17,453 $ 262 $ — Grand total $ 15,596 $ 17,095 $ 599 $ 20,069 $ 288 $ — ( 1 The table above does not orded investment of $203 thousand of impaired leases without a related Allowance. ( 2 Recorded investment equals principal balance less partial charge-offs and interest payments on non-performing loans that have been applied to principal. ( 3 This table excludes all purchased credit-impaired loans, which are discussed in Note 5D, (dollars in thousands) Recorded Investment (2) Principal Balance Related Allowance As of December 31, 2016 Impaired loans with related allowance: Residential mortgage $ 622 $ 622 $ 73 Commercial and industrial 84 84 5 Consumer 31 31 8 Total $ 737 $ 737 $ 86 Impaired loans (1)(3) Commercial mortgage $ 1,577 $ 1,577 $ — Home equity lines and loans 2,354 2,778 — Residential mortgage 6,644 6,970 — Commercial and industrial 2,862 3,692 — Total $ 13,437 $ 15,017 $ — Grand total $ 14,174 $ 15,754 $ 86 ( 1 The table above does not 240 th ousand of impaired leases without a related Allowance. ( 2 Recorded investment equals principal balance less partial charge-offs and interest payments on non-performing loans that have been applied to principal . ( 3 This table excludes all purchased credit-impaired loans, which are discussed in Note 5 D, above. I . Loan Mark Loans acquired in mergers and acquisitions are recorded at fair value as of the date of the transaction. This adjustment to the acquired principal amount is referred to as the “Loan Mark”. With the exception of purchased credit impaired loans, whose Loan Mark is accounted for under ASC 310 30, acquired loans (dollars in thousands) As of September 30, 2017 Outstanding Principal Remaining Loan Mark Recorded Investment Commercial mortgage $ 138,926 $ (3,724 ) $ 135,202 Home equity lines and loans 26,181 (1,508 ) 24,673 Residential mortgage 62,455 (2,168 ) 60,287 Commercial and industrial 26,790 (2,802 ) 23,988 Consume r 162 (21 ) 141 Total $ 254,514 $ (10,223 ) $ 244,291 |
Note 6 - Deposits
Note 6 - Deposits | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | Note 6 - Deposits T he following table details the components of deposits: (dollars in thousands) September 30, 2017 December 31, 2016 Interest-bearing checking accounts $ 395,383 $ 379,424 Money market accounts 720,613 761,657 Savings accounts 264,273 232,193 Wholesale non-maturity deposits 48,620 74,272 Wholesale time deposits 178,610 73,037 Time deposits 316,068 322,912 Total interest-bearing deposits 1,923,567 1,843,495 Non-interest-bearing deposits 760,614 736,180 Total deposits $ 2,684,181 $ 2,579,675 |
Note 7 - Borrowings
Note 7 - Borrowings | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Federal Home Loan Bank Advances, Disclosure [Text Block] | Note 7 - Borrowings A. Short-term borrowings The Corporation ’s short-term borrowings (original maturity of one one A summary of short-term borrowings is as follows: (dollars in thousands) September 30, 2017 December 31, 2016 Repurchase agreements* – commercial customers $ 18,874 $ 39,151 Short-term FHLB advances 162,000 165,000 Overnight federal funds — — Total short-term borrowings $ 180,874 $ 204,151 * O vernight repurchase agreements with no The following table sets forth information concerning short-term borrowings: (dollars in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Balance at period-end $ 180,874 $ 50,065 $ 180,874 $ 50,065 Maximum amount outstanding at any month-end 184,578 50,065 184,578 54,715 Average balance ou tstanding during the period 182,845 40,966 110,268 35,836 Weighted-average interest rate: As of period-end 1.17 % 0.32 % 1.17 % 0.32 % Paid during the period 1.19 % 0.33 % 0.98 % 0.26 % B. Long-term FHLB Advances The Corporation ’s long-term FHLB advances are comprised of advances from the FHLB with original maturities of greater than one T he following table presents the remaining periods until maturity of the long-term FHLB advances: (dollars in thousands) September 30, 2017 December 31, 2016 Within one year $ 76,411 $ 75,000 Over one year through five years 58,240 114,742 Total l ong-term FHLB advances $ 134,651 $ 189,742 The following table presents rate and maturity information on long-term FHLB advances: (dollars in thousands) Maturity Range (1) Weighted Coupon Rate (1) Balance Description From To Average Rate (1) From To September 30 , 201 7 December 31, 201 6 Bullet maturity – fixed rate 12 /29/2017 12/09/2020 1.60 % 0.95 % 2.13 % $ 98,612 $ 153,612 Bullet maturity – variable rate 11 /28/2017 11/28/2017 1.46 % 1.46 % 1.46 % 15,000 15,000 Convertible-fixed (2) 01/03/2018 08/20/2018 2.94 % 2.58 % 3.50 % 21,039 21,130 Total $ 134,651 $ 189,742 ( 1 Maturity range , weighted average rate and coupon rate range refers to September 30, 2017 balances ( 2 ) FHLB advances whereby the FHLB has the option, at predetermined times, to convert the fixed interest rate to an adjustable interest rate indexed to the London Interbank Offered Rate (“LIBOR”). The Corporation has the option to prepay these advances, without penalty, if the FHLB elects to convert the interest rate to an adjustable rate. As of September 30, 2017 , substantially all FHLB advances with this convertible feature are subject to conversion in fiscal 201 7 . These advances are included in the maturity ranges in which they mature, rather than the period in which they are subject to conversion . C. Other Borrowings Information As of September 30, 2017, $1.28 1.03 $79.0 $125.1 $5.0 $16.2 $17.3 September 30, 2017 December 31, 2016, |
Note 8 - Stock-based Compensati
Note 8 - Stock-based Compensation | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 8 – Stock - Based Compensation A. General Information Prior to April 25, 2007, April 25, 2007, “2007 “2007 428,996 April 28, 2010, “2010 “2010 445,002 April 30, 2015, 2010 2010 500,000 945,002 In addition to the shareholder-approved plans mentioned in the preceding paragraph, the Corporation periodically authorizes grants of stock-based compensation as inducement awards to new employees. This type of award does not 5635 4 Equity awards are authorized to be in the form of, among others, options to purchase the Corporation’s common stock, restricted stock units (“RSUs”) and performance stock units (“PSUs”). RSUs have a restriction based on the passage of time. The grant date fair value of the RSUs is based on the closing price on the date of the grant. PSUs have a restriction based on the passage of time and also have a restriction based on a performance criteria. The performance criteria may ’s total shareholder return (“TSR”) relative to the performance of the community bank index or a bank peer group for the respective period. The grant date fair value of the PSUs, based on the Corporation’s TSR relative to the performance of the community bank index, is calculated using the Monte Carlo Simulation method. The performance criteria may may 0% 150%. B. Stock Options Stock -based compensation cost is measured at the grant date, based on the fair value of the award and is recognized as an expense over the vesting period. The fair value of stock option grants is determined using the Black-Scholes pricing model. The assumptions necessary for the calculation of the fair value include expected life of options, annual volatility of stock price, risk-free interest rate and annual dividend yield. The following table provides information about options outstanding for the three September 30, 2017: Shares Weighted Average Exercise Price Weighted Average Grant Date Fair Value Options outstanding, June 30, 2017 139,834 $ 20.65 $ 4.85 Forfeited — $ — $ — Expired (250 ) $ 22.00 $ 4.90 Exercised (12,838 ) $ 22.03 $ 5.11 Options outstanding, September 30, 2017 126,746 $ 20.51 $ 4.82 The following table provides information about options outstanding for the nine September 30, 2017: Shares Weighted Average Exercise Price Weighted Average Grant Date Fair Value Options outstanding, December 31, 2016 185,023 $ 21.04 $ 4.88 Forfeited — $ — $ — Expired (250 ) $ 22.00 $ 4.90 Exercised (58,027 ) $ 22.20 $ 5.00 Options outstanding, September 30, 2017 126,746 $ 20.51 $ 4.82 As of September 30, 2017, no For the three and nine September 30, 2017, not September 30, 2017, no P roceeds, related tax benefits realized from options exercised and intrinsic value of options exercised during the three nine September 30, 2017 2016 (dollars in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Proceeds from exercise of stock options $ 283 $ 559 $ 1,288 $ 1,205 Related tax benefit recognized 96 98 402 188 Net proce eds of options exercised $ 379 $ 657 $ 1,690 $ 1,393 Intrinsic va lue of options exercised $ 273 $ 279 $ 1,147 $ 537 The following table provides information about options outstanding and exercisable at September 30, 2017: (dollars in thousands, except exercise price) Outstanding Exercisable Num ber of shares 126,746 126,746 Weighted aver age exercise price $ 20.51 $ 20.51 Aggregate intrinsic value $ 2,952 $ 2,952 Weighted average contractual term in years 1.5 1.5 For the three nine September 30, 2017, $74 $302 C. Restricted Stock Unit s and Performance Stock Unit s The Corporation has granted RSUs and PSUs under the 2010 2010 RSUs The compensation expense for the RSUs is measured based on the market price of the stock on the day prior to the grant date and is recognized on a straight line basis over the vesting period. For the three nine September 30, 2017, $202 $525 September 30, 2017, $1.7 2.4 The following table details the unvested RSUs for the three nine September 30, 2017: Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Beginning balance 55,262 $ 30.95 58,862 $ 29.57 Granted 22,117 $ 39.35 28,317 $ 39.48 Vested (10,687 ) $ 30.14 (16,987 ) $ 29.27 Forfeited (161 ) $ 30.43 (3,661 ) $ 29.38 End ing balance 66,531 $ 33.88 66,531 $ 33.88 For the three nine September 30, 2017, $42 $73 PSUs The compensation expense for PSUs is measured based on the grant date fair value as calculated using the Monte Carlo Simulation method. For the three nine September 30, 2017, $359 $951 September 30, 2017, $2.6 2.0 The following table details the unvested PSUs for the three nine September 30, 2017: Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Beginning balance 192,844 $ 18.77 192,844 $ 18.77 Granted 40,719 $ 37.84 40,719 $ 37.84 Vested (61,815 ) $ 15.05 (61,815 ) $ 15.05 Forfeited (1,335 ) $ 19.46 (1,335 ) $ 19.46 Ending balance 170,413 $ 24.67 170,413 $ 24.67 For the three nine September 30, 2017, $578 $578 |
Note 9 - Pension and Other Post
Note 9 - Pension and Other Post-retirement Benefit Plans | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Pension and Other Postretirement Benefits Disclosure [Text Block] | Note 9 - Pension and Other Post-Retirement Benefit Plans T he Corporation has two SERP I provides each participant with the equivalent pension benefit provided by a previously settled qualified defined benefit plan on any compensation and bonus deferrals that exceed the IRS limit applicable to such plan. On February 12, 2008, -benefit amounts to all participants, effective March 31, 2008. On April 1, 2008, January 1, 2013, 20% were frozen. The Corporation also has a postretirement medical benefit plan (“PRBP”) that covers or will cover a portion of health insurance costs of certain retired employees and a group of current employees. The PRBP was closed to new participants in 1994. 2007, 2007 2008. The following tables provide details of the components of the net periodic benefits cost (benefit) for the three nine September 30, 2017 2016: Three Months Ended September 30, SERP I and SERP II PRBP (dollars in thousands) 2017 2016 2017 2016 Service cost $ — $ — $ — $ — Interest cost 44 46 3 5 Expected return on plan assets — — — — Amortization of prior service costs — — — — Amortization of net loss 15 14 9 10 Net periodic benefit cost $ 59 $ 60 $ 12 $ 15 Nine Months Ended September 30, SERP I and SERP II PRBP (dollars in thousands) 2017 2016 2017 2016 Service cost $ — $ — $ — $ — Interest cost 132 138 9 14 Expected return on plan assets — — — — Amortization of prior service costs — — — — Amortization of net loss 44 43 27 30 Net periodic benefit cost $ 176 $ 181 $ 36 $ 44 SERP I and SERP II: The Corporation contributed $65 $195 three nine September 30, 2017, $65 three 2017. PRBP: In 2005, 120% 2005 2008 not |
Note 10 - Segment Information
Note 10 - Segment Information | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | Note 1 0 - Segment Information FASB Codification 280 – “Segment Reporting” identifies operating segments as components of an enterprise which are evaluated regularly by the Corporation’s chief operating decision maker, our Chief Executive Officer, in deciding how to allocate resources and assess performance. The Corporation has applied the aggregation criterion set forth in this codification to the results of its operations. The Corporation ’s Banking segment consists of commercial and retail banking. The Banking segment is evaluated as a single strategic unit which generates revenues from a variety of products and services. The Banking segment generates interest income from its lending (including leasing) and investing activities and is dependent on the gathering of lower cost deposits from its branch network or borrowed funds from other sources for funding its loans, resulting in the generation of net interest income. The Banking segment also derives revenues from other sources including gains on the sale of available for sale investment securities, gains on the sale of residential mortgage loans, service charges on deposit accounts, cash sweep fees, overdraft fees, BOLI income and interchange revenue associated with its Visa Check Card offering. The Wealth Management segment has responsibility for a number of activities within the Corporation, including trust administration, other related fiduciary services, custody, investment management and advisory services, employee benefits and IRA administration, estate settlement, tax services and brokerage. Bryn Mawr Trust of Delaware and Lau Associates are included in the Wealth Management segment of the Corporation since they have similar economic characteristics, products and services to those of the Wealth Management Division of the Corporation. Powers Craft Parker and Beard (“PCPB”), which was merged with the Corporation’s existing insurance subsidiary, Insurance Counsellors of Bryn Mawr (“ICBM”), and the Robert J. McAllister agency (“RJM”), which was acquired on April 1, 2015, not The following tables detail segment information for the three nine September 30, 2017 2016: Three Months Ended September 30, 2017 Three Months Ended September 30, 2016 (dollars in thousands) Banking Wealth Management Consolidated Banking Wealth Management Consolidated Net interest income $ 29,437 $ 1 $ 29,438 $ 26,716 $ 1 $ 26,717 Less: loan loss provision 1,333 — 1,333 1,412 — 1,412 Net interest income after loan loss provision 28,104 1 28,105 25,304 1 25,305 Other income: Fees for weal th management services — 9,651 9,651 — 9,100 9,100 Service charg es on deposit accounts 676 — 676 688 — 688 Loan servi cing and other fees 548 — 548 497 — 497 Net gai n on sale of loans 799 — 799 879 — 879 Net gain (loss) on sale of ava ilable for sale securities 72 — 72 (28 ) — (28 ) Net (loss) gain on sale of oth er real estate owned — — — — — — Dividends on FHLB and FRB stock 217 — 217 277 — 277 Insura nce commissions — 1,373 1,373 — 886 886 Other operating income 2,207 41 2,248 1,447 40 1,487 To tal other income 4,519 11,065 15,584 3,760 10,026 13,786 Other expenses: Sa laries & wages 9,130 4,472 13,602 7,995 3,626 11,621 E mployee benefits 1,658 973 2,631 1,611 809 2,420 Occupancy & equipment 2,049 436 2,485 1,943 406 2,349 Amortizatio n of intangible assets 197 480 677 217 671 888 Pr ofessional fees 681 58 739 923 14 937 Other operating expe nses 6,899 1,151 8,050 6,306 850 7,156 Tot al other expenses 20,614 7,570 28,184 18,995 6,376 25,371 Segment profit 12,009 3,496 15,505 10,069 3,651 13,720 Intersegment (revenues) expenses* (112 ) 112 — (99 ) 99 — Pre-tax segment profit after eliminations $ 11,897 $ 3,608 $ 15,505 $ 9,970 $ 3,750 $ 13,720 % of segment pre-tax profit after e liminations 76.7 % 23.3 % 100.0 % 72.7 % 27.3 % 100.0 % Segment assets (dollars in millions) $ 3,425 $ 52 $ 3,477 $ 3,128 $ 47 $ 3,175 * Inter-segment revenues consist of rental payments, interest on deposits and management fees. Nine Months Ended September 30, 2017 Nine Months Ended September 30, 2016 (dollars in thousands) Banking Wealth Management Consolidated Banking Wealth Management Consolidated Net interest income $ 84,804 $ 2 $ 84,806 $ 79,244 $ 2 $ 79,246 Less: loan loss provision 1,541 — 1,541 3,267 — 3,267 Net interest income after loan loss provision 83,263 2 83,265 75,977 2 75,979 Other income: Fees for wealth management services — 28,761 28,761 — 27,363 27,363 Service charges on deposit accounts 1,953 — 1,953 2,103 — 2,103 Loan servicing and other fees 1,570 — 1,570 1,528 — 1,528 Net (loss) gain on sale of loans 1,948 — 1,948 2,440 — 2,440 Net (loss) gain on sale of available for sale securities 73 — 73 (86 ) — (86 ) Net loss on sale of other real estate owned (12 ) — (12 ) (76 ) — (76 ) Dividends on FHLB and FRB stock 649 — 649 754 — 754 Insurance commissions — 3,079 3,079 — 3,007 3,007 Other operating income 5,437 138 5,575 3,582 104 3,686 Total other income 11,618 31,978 43,596 10,245 30,474 40,719 Other expenses: Salaries & wages 27,044 12,588 39,632 24,174 11,382 35,556 Employee benefits 4,777 2,888 7,665 4,846 2,495 7,341 Occupancy & equipment 6,025 1,233 7,258 5,997 1,207 7,204 Amortization of intangible assets 588 1,469 2,057 655 2,013 2,668 Professional fees 2,318 181 2,499 2,619 77 2,696 Other operating expenses 20,988 3,240 24,228 18,304 2,817 21,121 Total other expenses 61,740 21,599 83,339 56,595 19,991 76,586 Segment profit 33,141 10,381 43,522 29,627 10,485 40,112 Intersegment (revenues) expenses* (336 ) 336 — (297 ) 297 — Pre-tax segment profit after eliminations $ 32,805 $ 10,717 $ 43,522 $ 29,330 $ 10,782 $ 40,112 % of segment pre-tax profit after eliminations 75.4 % 24.6 % 100.0 % 73.1 % 26.9 % 100.0 % Segment assets (dollars in millions) $ 3,425 $ 52 $ 3,477 $ 3,128 $ 47 $ 3,175 * Inter-segment revenues consist of rental payments, interest on deposits and management fees. O ther segment information is as follows: Wealth Management Segment Information (dollars in millions) September 30, 2017 December 31, 2016 Assets under management, administration, supervision and brokerage $ 12,431.4 $ 11,328.5 |
Note 11 - Mortgage Servicing Ri
Note 11 - Mortgage Servicing Rights | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Transfers and Servicing of Financial Assets [Text Block] | Note 1 1 - Mortgage Servicing Rights The following table summarizes the Corporation ’s activity related to mortgage servicing rights (“MSRs”) for the three nine September 30, 2017 2016: Three Months Ended September 30, (dollars in thousands) 2017 2016 Balance, beginning of period $ 5,682 $ 4,646 Additions 282 386 Amortization (229 ) (210 ) Recovery — — Impairment (3 ) (29 ) Balance, end of period $ 5,732 $ 4,793 Fair value $ 6,146 $ 4,877 Nine Months Ended September 30, (dollars in thousands) 2017 2016 Balance, beginning of period $ 5,582 $ 5,142 Additions 770 888 Amortization (571 ) (526 ) Recovery 3 — Impairment (52 ) (711 ) Balance, end of period $ 5,732 $ 4,793 Fair value $ 6,146 $ 4,877 Residential mortgage loans serviced for others, end of period $ 647,997 $ 618,134 As of September 30, 2017 December 31, 2016, 10 20 (dollars in thousands) September 30, 2017 December 31, 201 6 Fair value amount of MSRs $ 6,146 $ 6,154 Weighted average life (in years) 6.0 6.3 Prepayment speeds (constant prepayment rate)* 11.5 % 10.2 % Impact on fair value: 10% adverse change $ (176 ) $ (115 ) 20% adverse change $ (356 ) $ (238 ) Discount rate 9.55 % 9.55 % Impact on fair value: 10% adverse change $ (211 ) $ (225 ) 20% adverse change $ (409 ) $ (434 ) * Represents the weighted average prepayment rate for the life of the MSR asset. These assumptions and sensitivities are hypothetical and should be used with caution. Changes in fair value based on a 10% may not one may |
Note 12 - Goodwill and Other In
Note 12 - Goodwill and Other Intangibles | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | Note 1 2 - Goodwill and Other Intangibles The Corporation ’s goodwill and intangible assets related to the acquisitions of Lau Associates, LLC (“Lau”) in July 2008, July 2010, May 2011, May 2012, November 2012, October 2014, January 2015, April 2015 May 2017 (dollars in thousands) Balance December 31, 201 6 Additions/ Adjustments Amortization Balance September 30 , 201 7 Amortization Period Goodwill – Wealth $ 20,412 $ — $ — $ 20,412 Indefinite Goodwill – Banking 80,783 — — 80,783 Indefinite Goodwill – Insurance 3,570 2,362 — 5,932 Indefinite Total Goodwill $ 104,765 $ 2,362 $ — $ 107,127 Core deposit intangible $ 3,447 $ — $ (553 ) $ 2,894 10 years Customer relationships 13,056 2,672 (1,152 ) 14,576 10 to 20 years Non-compete agreements 1,634 41 (295 ) 1,380 5 to 10 years Trade name 2,165 195 (22 ) 2,338 3 years to Indefinite Domain name — 151 — 151 Indefinite Favorable lease 103 — (35 ) 68 17 to 75 months Total Other Intangibles $ 20,405 $ 3,059 $ (2,057 ) $ 21,407 Grand Total $ 125,170 $ 5,421 $ (2,057 ) $ 128,534 The Corporation performed its annual review of goodwill and identifiable intangible assets as of October 31, 2016 350, eleven September 30, 2017, no |
Note 13 - Derivatives Instrumen
Note 13 - Derivatives Instruments and Hedging Activities | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | Note 13 – Derivative Instruments and Hedging Activities Derivative financial instruments involve, to varying degrees, interest rate, market and credit risk. The C orporation manages these risks as part of its asset and liability management process and through credit policies and procedures. The Corporation seeks to minimize counterparty credit risk by credit limits and collateral agreements and utilizes certain derivative financial instruments to enhance its ability to manage interest rate risk that exists as part of its ongoing business operations. The derivative transactions entered into by the Corporation are an economic hedge of a derivative offerings to Bank customers. The Corporation does not Customer Derivatives – Interest Rate Swaps . The Corporation enters into interest rate swaps that allow commercial loan customers to effectively convert a variable-rate commercial loan agreement to a fixed-rate commercial loan agreement. Under these agreements, the Corporation originates variable-rate loans with customers in addition to interest rate swap agreements, which serve to effectively swap the customers’ variable-rate loans into a fixed-rate loans. The Corporation then enters into corresponding swap agreements with swap dealer counterparties to economically hedge its exposure on the variable and fixed components of the customer agreements. The interest rate swaps with both the customers and third not 815 not may may 820. September 30, 2017, no Risk Participation Agreements . The Corporation may may The following table details the derivative instruments as of September 30, 2017 December 31, 2016: Asset Derivatives Liability Derivatives (dollars in thousands) Notional Amount Fair Value Notional Amount Fair Value Derivatives not designated as hedging instruments As of September 30, 2017: Customer derivatives – interest rate swaps $ 83,217 $ 1.950 $ 83,217 $ 1,946 Risk participation agreements sold — — 905 3 Risk participation agreements purchased 6,474 1 — — Total derivatives $ 89,691 $ 1,951 $ 84,122 $ 1,949 As of December 31, 2016: Customer derivatives – interest rate swaps $ — $ — $ — $ — Risk participation agreements — — — — Total derivatives $ — $ — $ — $ — The Corporation has an International Swaps and Derivatives Association agreement with a third third September 30, 2017 December 31, 2016 $1.7 $0, third may third $1.9 $0 September 30, 2017 December 31, 2016, |
Note 14 - Accumulated Other Com
Note 14 - Accumulated Other Comprehensive Income (Loss) | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | Note 1 4 – Accumulated Other Comprehensive Income ( Loss ) three nine September 30, 2017 2016: (dollars in thousands) Net Change in Unrealized Gains on Available-for- Sale Investment Securities Net Change in Unfunded Pension Liability Accumulated Other Comprehensive (Loss) Income Balance, June 30, 2017 $ (433 ) $ (1,131 ) $ (1,564 ) Net change 149 15 164 Balance, September 30, 2017 $ (284 ) $ (1,116 ) $ (1,400 ) Balance, June 30, 2016 $ 3,665 $ (1,177 ) $ 2,488 Net change (376 ) 16 (360 ) Balance, September 30, 2016 $ 3,289 $ (1,161 ) $ 2,128 (dollars in thousands) Net Change in Unrealized Gains on Available-for- Sale Investment Securities Net Change in Unfunded Pension Liability Accumulated Other Comprehensive (Loss) Income Balance, December 31, 2016 $ (1,231 ) $ (1,178 ) $ (2,409 ) Net change 947 62 1,009 Balance, September 30, 2017 $ (284 ) $ (1,116 ) $ (1,400 ) Balance, December 31, 2015 $ 774 $ (1,186 ) $ (412 ) Net change 2,515 25 2,540 Balance, September 30, 2016 $ 3,289 $ (1,161 ) $ 2,128 The following table details the amounts reclassified from each component of accumulated other comprehensive loss to each component ’s applicable income statement line, for the three nine September 30, 2017 2016: Description of Accumulated Other Amount Reclassified from Accumulated Other Comprehensive Loss Comprehensive Loss Component Three Months Ended September 30, Affected Income Statement Category 2017 2016 Net unrealized gain on investment securities available for sale: Realization of loss on sale of investment securities available for sale $ (72 ) $ 28 Net gain on sale of available for sale investment securities Less: income tax benefit (expense) (25 ) 10 Less: income tax expense Net of income tax $ (47 ) $ 18 Net of income tax Unfunded pension liability: Amortization of net loss included in net periodic pension costs* $ 24 $ 24 Employee benefits Amortization of prior service cost included in net periodic pension costs* — — Employee benefits Total expense before income tax benefit 24 24 Total expense before income tax benefit Less: income tax benefit 8 8 Less: income tax benefit Net of income tax $ 16 $ 16 Net of income tax Description of Accumulated Other Amount Reclassified from Accumulated Other Comprehensive Loss Comprehensive Loss Component Nine Months Ended September 30, Affected Income Statement Category 201 7 201 6 Net unrealized gain on investment securities available for sale: Realization of (gain) loss on sale of investment securities available for sale $ (73 ) $ 86 Net (loss) gain on sale of available for sale investment securities Less: income tax expense (25 ) 30 Less: income tax expense Net of income tax $ (48 ) $ 56 Net of income tax Unfunded pension liability: Amortization of net loss included in net periodic pension costs* $ 71 $ 73 Employee benefits Amortization of prior service cost included in net periodic pension costs* — — Employee benefits Total expense before income tax benefit 71 73 Total expense before income tax benefit Less: income tax benefit 25 26 Less: income tax benefit Net of income tax $ 46 $ 47 Net of income tax *Accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 9 |
Note 15 - Shareholders' Equity
Note 15 - Shareholders' Equity | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | Note 1 5 - Shareholders’ Equity Dividend On October 19, 2017, $0.22 December 1, 2017 November 1, 2017. third 2017, $0.22 $3.8 August 2, 2017 17,248,984 S- 3 In March 2015, 3 2012 April 2015. may one $200 In addition, the Corporation has in place under its Shelf Registration Statement a Dividend Reinvestment and Stock Purchase Plan (the “Plan”), which allows it to issue up to 1,500,000 $120 O ptions may nine September 30, 2017, 58,027 $1.3 nine September 30, 2017, 16,985 61,815 $497 $930 Stock Repurchase s On August 6, 2015, announced a stock repurchase program (the “2015 may 1,200,000 not $40 nine September 30, 2017, no 2015 September 30, 2017, 2015 189,300. 2015 |
Note 16 - Accounting for Uncert
Note 16 - Accounting for Uncertainty in Income Taxes | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 1 6 - Accounting for Uncertainty in Income Taxes The Corporation recognizes the financial statement benefit of a tax position only after determining that the Corporation would be more likely than not not 50% The Corporation is subject to income taxes in the United States federal jurisdiction and multiple state jurisdictions. The Corporation is no federal income tax examination by taxing authorities for years before 2014. The Corporation ’s policy is to record interest and penalties on uncertain tax positions as income tax expense. No three nine September 30, 2017 2016. |
Note 17 - Fair Value Measuremen
Note 17 - Fair Value Measurement | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 1 7 - Fair Value Measurement The following disclosures are made in conjunction with the application of fair value measurements. FASB ASC 820 The Corporation ’s investment securities available for sale, which generally include state and municipal securities, U.S. government agency securities and mortgage-related securities, are reported at fair value. These securities are valued by an independent third third not two may may not U.S. Government agency securities are evaluated and priced using multi-dimensional relational models and option-adjusted spreads. State and municipal securities are evaluated on a series of matrices including reported trades and material event notices. Mortgage-related securities are evaluated using matrix correlation to treasury or floating index benchmarks, prepayment speeds, monthly payment information and other benchmarks. Other available for sale investments are evaluated using a broker-quote based application, including quotes from issuers. The Corporation has a sufficient understanding of the third The Corporation ’s interest rate swaps are reported at fair value utilizing Level 2 may The value of the investment portfolio and interest rate swaps are determined using three Level 1 – Quoted prices in active markets for identical securities. Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not Level 3 – Instruments whose significant value drivers are unobservable. These levels are not September 30, 2017 December 31, 2016 The following table sets forth the f air value of assets measured on a recurring and non-recurring basis as of September 30, 2017: ( dollars in millions) Total Level 1 Level 2 Level 3 Assets Measured at Fair Value on a Recurring Basis: Investment securities (available for sale and trading): U.S. Treasury securities $ 0.1 $ 0.1 $ — $ — Obligations of the U.S. government agency securities 142.7 — 142.7 — Obligations of state & political subdivisions 24.1 — 24.1 — Mortgage-backed securities 266.9 — 266.9 — Collateralized mortgage obligations 39.6 — 39.6 — Mutual funds 7.9 7.9 — — Other debt securities 1.1 — 1.1 — Interest rate swaps 1.9 — 1.9 — Total assets measured on a recurring basis at fair value $ 484.3 $ 8.0 $ 476.3 $ — Assets Measured at Fair Value on a Non-Recurring Basis Mortgage servicing rights $ 6.1 $ — $ — $ 6.1 Impaired loans and leases 10.7 — — 10.7 Other real estate owned (“OREO”) 0.9 — — 0.9 Total assets measured on a non-recurring basis at fair value $ 17.7 $ — $ — $ 17.7 T he following table sets forth the fair value of assets measured on a recurring and non-recurring basis as of December 31, 2016: (dollars in millions) Total Level 1 Level 2 Level 3 Assets Measured at Fair Value on a Recurring Basis: Investment securities (available for sale and trading): U.S. Treasury securities $ 200.1 $ 200.1 $ — $ — Obligations of the U.S. government agency securities 82.2 — 82.2 — Obligations of state & political subdivisions 33.5 — 33.5 — Mortgage-backed securities 188.8 — 188.8 — Collateralized mortgage obligations 48.7 — 48.7 — Mutual funds 19.1 19.1 — — Other debt securities 1.3 — 1.3 — Total assets measured on a recurring basis at fair value $ 573.7 $ 219.2 $ 354.5 $ — Assets Measured at Fair Value on a Non-Recurring Basis Mortgage servicing rights $ 6.2 $ — $ — $ 6.2 Impaired loans and leases 14.3 — — 14.3 OREO 1.0 — — 1.0 Total assets measured on a non-recurring basis at fair value $ 21.5 $ — $ — $ 21.5 During the three nine September 30, 2017, $6 $37 no three nine September 30, 2017. Impaired Loans The Corporation evaluates and values impaired loans at the time the loan is identified as impaired, and the fair values of such loans are estimated using Level 3 ’s collateral has a unique appraisal and management’s discount of the value is based on the factors unique to each impaired loan. The significant unobservable input in determining the fair value is management’s subjective discount on appraisals of the collateral securing the loan, which range from 10% 50%. may may The Corporation has an appraisal policy in which an appraisal is obtained for a commercial loan at the point at which the loan either becomes nonperforming or is downgraded to a substandard or worse classification. For consumer loans, the Corporation obtains updated appraisals when a loan becomes 90 may Other Real Estate Owned Other real estate owned consists of properties acquired as a result of foreclosures and deeds in-lieu-of foreclosure. Properties are classified as OREO and are reported at the lower of cost or fair value less cost to sell, and are classified as Level 3 Mortgage Servicing Rights MSRs do not third third ’s valuation models, assumptions and inputs used in determining the fair value of MSRs to enable management to maintain an appropriate system of internal control. Mortgage servicing rights are classified within Level 3 |
Note 18 - Fair Value of Financi
Note 18 - Fair Value of Financial Instruments | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Fair Value, Measurement Inputs, Disclosure [Text Block] | Note 1 8 - Fair Value of Financial Instruments FASB ASC 825, not not fair value techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not not The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: Cash and Cash Equivalents The carrying amounts reported in the balance sheet for cash and cash equivalents approximate their fair values. Investment Securities Estimated fair values for investment securities are generally valued by an independent third third third not 4 Loans Held for Sale The fair value of loans held for sale is based on pricing obtained from secondary markets. Net Portfolio Loans and Leases For variable -rate loans that re-price frequently and which have no third not Impaired Loans The Corporation evaluates and values impaired loans at the time the loan is identified as impaired, and the fair values of such loans are estimated using Level 3 ’s collateral has a unique appraisal and management’s discount of the value is based on the factors unique to each impaired loan. The significant unobservable input in determining the fair value is management’s subjective discount on appraisals of the collateral securing the loan, which range from 10% 50%. may may Mortgage Servicing Rights The fair value of the MSRs for these periods was determined using a proprietary third 3 Other Assets The carrying amount of accrued interest receivable, income taxes receivable and other investments approximates fair value. Deposits The estimated fair values disclosed for noninterest-bearing demand deposits, savings, NOW accounts, and market rate accounts are, by definition, equal to the amounts payable on demand at the reporting date (i.e., their carrying amounts). Fair values for certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of expected monthly maturities on the certificate of deposit. FASB Codification 825 Short-term borrowings The carrying amount of short-term borrowings, which include overnight repurchase agreements , fed funds and FHLB advances with original maturity of one Long-term FHLB Advances The fair value of long-term FHLB advances (with original maturities of greater than one Subordinated N otes The fair value of the Notes is estimated by discounting the principal balance using the FHLB yield curve for the term to the call date as the Corporation has the option to call the Notes. The Notes are classified within Level 2 Other Liabilities The carrying amounts of accrued interest payable and other accrued payables approximate fair value. Interest Rate Swaps and Risk Participation Agreements The Co rporation’s interest rate swaps and RPAs are reported at fair value utilizing Level 2 may Off-Balance Sheet Instruments Estimated fair values of the Corporation ’s commitments to extend credit, standby letters of credit and financial guarantees are not As of the dates indicated, the carrying amount and estimated fair value of the Corporation ’s financial instruments are as follows: As of September 30 , As of December, 31 Fair Value 201 7 201 6 (dollars in thousands) Hierarchy Level* Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Financial assets: Cash an d cash equivalents Level 1 $ 45,552 $ 45,552 $ 50,765 $ 50,765 Investment securities, available for sale See Note 1 7 471,721 471,721 566,996 566,996 Investme nt securities, trading See Note 1 7 4,423 4,423 3,888 3,888 Investm ents, held to maturity Level 2 6,255 6,218 2,879 2,818 Loa ns held for sale Level 2 6,327 6,327 9,621 9,621 Net portfoli o loans and leases Level 3 2,660,341 2,693,099 2,517,939 2,505,546 Mortgage servicing rights Level 3 5,732 6,146 5,582 6,154 Interest rate swaps Level 2 1,950 1,950 — — Risk participation agreements purchased Level 2 1 1 Other assets Level 3 34,476 34,476 34,465 34,465 Total financial assets $ 3,236,778 $ 3,269,913 $ 3,192,135 $ 3,180,253 Financial liabilities: Deposits Level 2 $ 2,684,181 $ 2,682,737 $ 2,579,675 $ 2,579,011 Sho rt-term borrowings Level 2 180,874 180,874 204,151 204,151 Long-term FHLB advances Level 2 134,651 134,789 189,742 186,863 Subordinated notes Level 2 29,573 30,320 29,532 29,228 Interest rate swaps Level 2 1,946 1,946 — — Risk participation agreements sold Level 2 3 3 Othe r liabilities Level 2 43,701 43,701 37,303 37,303 Total financial liabilities $ 3,074,929 $ 3,074,370 $ 3,040,403 $ 3,036,556 *See Note 17 |
Note 19 - Recent Accounting Pro
Note 19 - Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | Note 1 9 - Recent Accounting Pronouncements FASB ASU No. 2014 09 606 Issued in May 2014, 2014 09 five August 2015, No. 2015 14, 606 2014 09 one March 2016, 2016 08, 2016 20, 606, 2016 12, 606. December 15, 2017, December 15, 2016. has evaluated all revenue streams, accounting policies, practices and reporting to identify and understand any impact on the adoption of ASU 2014 09 not FASB ASU 2017 04 350 – Goodwill and Others” Issued in January 2017, 2017 04 2 2 ’s goodwill with the carrying amount of that goodwill. ASU 2017 04 December 15, 2019 2017 04 FASB ASU 2017 01 805 Issued in January 2017, 2017 01 2017 01 December 15, 2017 The Corporation is evaluating the effect that ASU 2017 01 FASB ASU 2016 15 320 Issued in August 2016, 2016 15 eight zero 2016 15 December 15, 2017, not . FASB ASU 2016 13 326 Issued in June 2016, 2016 13 2016 13 December 15, 2018, The Corporation is evaluating the effect that ASU 2016 13 FASB ASU 2016 02 842 Issued in February 2016, 2016 02 2016 02 first December 15, 2018, The Corporation is evaluating the effect that ASU 2016 02 FASB ASU 2016 01 825 10 – Overall, Recognition and Measurement of Financial Assets and Financial Liabilities” Issued in January 2016, 2016 01 not may ’s observable price. For financial liabilities that are measured at fair value, the amendment requires an entity to present separately, in other comprehensive income, any change in fair value resulting from a change in instrument-specific credit risk. ASU 2016 01 December 15, 2017, may 2016 02 not FASB ASU 2017 08 310 20 Nonrefundable Fees and Other Costs (Subtopic 310 20 ” Issued in March 2017, 2017 08 shortens the amortization period for certain callable debt securities held at a premium. Specifically, the amendment requires the premium to be amortized to the earliest call date. The amendments does not December 15, 2018. Early adoption is permitted, including adoption in an interim period. The Corporation has evaluated ASU 2017 08 FASB ASU 2017 07—Compensation—Retirement 715 “ Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost ” Issued in March 2017, 2017 07 require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one not December 15, 2017, not 2017 07 not |
Note 2 - Earnings Per Common 29
Note 2 - Earnings Per Common Share (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands except per share data) 2017 2016 2017 2016 Numerator: Net income available to common shareholders $ 10,739 $ 9,374 $ 29,216 $ 26,628 Denominator for basic earnings per share – weighted average shares outstanding 17,023,046 16,860,727 16,987,499 16,840,457 Effect of dilutive common shares 230,936 211,631 254,728 153,998 Denominator for diluted earnings per share – adjusted weighted average shares outstanding 17,253,982 17,072,358 17,242,227 16,994,455 Basic earnings per share $ 0.63 $ 0.56 $ 1.72 $ 1.58 Diluted earnings per share $ 0.62 $ 0.55 $ 1.69 $ 1.57 Antidilutive shares excluded from computation of average dilutive earnings per share 21,621 — 47,268 — |
Note 3 - Business Combinations
Note 3 - Business Combinations (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | (dollars in thousands) Consideration paid: Cash paid at closing $ 5,770 Contingent payment liability (present value) 1,690 Value of consideration 7,460 Assets acquired: Cash operating accounts 978 Intangible assets – trade name 195 Intangible assets – customer relationships 2,672 Intangible assets – non-competition agreements 41 Premises and equipment 1,795 Accounts receivable 192 Other assets 27 Total assets 5,900 Liabilities assumed: Accounts payable 800 Other liabilities 2 Total liabilities 802 Net assets acquired 5,098 Goodwill resulting from acquisition of Hirshorn $ 2,362 |
Business Combination Integration Related Costs [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 201 7 201 6 201 7 201 6 Salaries and wages $ 28 $ — $ 428 $ — Employee benefits 5 — 10 — Advertising 89 — 108 — Professional fees 662 — 1,600 — Information technology 41 — 300 — Other 25 — 151 — Total due diligence and merger-related expenses $ 850 $ — $ 2,597 $ — |
Note 4 - Investment Securities
Note 4 - Investment Securities (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Available-for-sale Securities [Table Text Block] | (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury securities $ 100 $ — $ — $ 100 Obligations of the U.S. government and agencies 143,632 175 (1,095 ) 142,712 Obligations of state and political subdivisions 24,055 48 (24 ) 24,079 Mortgage-backed securities 259,812 1,491 (622 ) 260,681 Collateralized mortgage obligations 40,235 56 (696 ) 39,595 Other investments 4,324 246 (16 ) 4,554 Total $ 472,158 $ 2,016 $ (2,453 ) $ 471,721 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Treasury securities $ 200,094 $ 3 $ — $ 200,097 Obligations of the U.S. government and agencies 83,111 167 (1,080 ) 82,198 Obligations of state and political subdivisions 33,625 26 (121 ) 33,530 Mortgage-backed securities 185,997 1,260 (1,306 ) 185,951 Collateralized mortgage obligations 49,488 108 (902 ) 48,694 Other investments 16,575 105 (154 ) 16,526 Total $ 568,890 $ 1,669 $ (3,563 ) $ 566,996 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] | Less than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Obligations of the U.S. government and agencies $ 91,172 $ (726 ) $ 15,631 $ (369 ) $ 106,803 $ (1,095 ) Obligations of state and political subdivisions 4,207 (15 ) 2,859 (9 ) 7,066 (24 ) Mortgage-backed securities 104,579 (447 ) 11,444 (175 ) 116,023 (622 ) Collateralized mortgage obligations 9,916 (100 ) 21,899 (596 ) 31,815 (696 ) Other investments 1,480 (16 ) — — 1,480 (16 ) Total $ 211,354 $ (1,304 ) $ 51,833 $ (1,149 ) $ 263,187 $ (2,453 ) Less than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Obligations of the U.S. government and agencies $ 62,211 $ (1,080 ) $ — $ — $ 62,211 $ (1,080 ) Obligations of state and political subdivisions 24,482 (121 ) — — 24,482 (121 ) Mortgage-backed securities 101,433 (1,306 ) — — 101,433 (1,306 ) Collateralized mortgage obligations 35,959 (902 ) — — 35,959 (902 ) Other investments 2,203 (93 ) 11,895 (61 ) 14,098 (154 ) Total $ 226,288 $ (3,502 ) $ 11,895 $ (61 ) $ 238,183 $ (3,563 ) |
Held-to-maturity Securities [Table Text Block] | (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Mortgage-backed securities $ 6,255 $ 10 $ (47 ) $ 6,218 Total $ 6,255 $ 10 $ (47 ) $ 6,218 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Mortgage-backed securities $ 2,879 $ — $ (61 ) $ 2,818 Total $ 2,879 $ — $ (61 ) $ 2,818 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] | Less than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Mortgage-backed securities $ 2,194 $ (5 ) $ 2,783 $ (42 ) $ 4,977 $ (47 ) Total $ 2,194 $ (5 ) $ 2,783 $ (42 ) $ 4,977 $ (47 ) Less than 12 Months 12 Months or Longer Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Mortgage-backed securities $ 2,818 $ (61 ) $ — $ — $ 2,818 $ (61 ) Total $ 2,818 $ (61 ) $ — $ — $ 2,818 $ (61 ) |
Held-to-maturity Securities [Member] | |
Notes Tables | |
Investments Classified by Contractual Maturity Date [Table Text Block] | September 30 , 2017 December 31, 2016 (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Mortgage-related securities 1 $ 6,255 $ 6,218 $ 2,879 $ 2,818 Total $ 6,255 $ 6,218 $ 2,879 $ 2,818 |
Available-for-sale Securities [Member] | |
Notes Tables | |
Investments Classified by Contractual Maturity Date [Table Text Block] | September 30 , 201 7 December 31, 201 6 (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Investment securities 1 Due in one year or less $ 11,870 $ 11,873 $ 213,876 $ 213,885 Due after one year through five years 98,400 97,785 40,335 40,270 Due after five years through ten years 42,700 42,342 45,840 44,914 Due after ten years 15,917 15,990 18,079 18,055 Subtotal 168,887 167,990 318,130 317,124 Mortgage-related securities 1 300,047 300,276 235,485 234,644 Mutual funds with no stated maturity 3,224 3,455 15,275 15,228 Total $ 472,158 $ 471,721 $ 568,890 $ 566,996 |
Note 5 - Loans and Leases (Tabl
Note 5 - Loans and Leases (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30 , 201 7 December 31, 201 6 Loans held for sale $ 6,327 $ 9,621 Real estate loans: Commercial mortgage $ 1,224,571 $ 1,110,898 Home equity lines and loans 206,974 207,999 Residential mortgage 422,524 413,540 Construction 133,505 141,964 Total real estate loans 1,987,574 1,874,401 Commercial and industrial 597,595 579,791 Consumer 31,306 25,341 Leases 60,870 55,892 Total portfolio loans and leases 2,677,345 2,535,425 Total loans and leases $ 2,683,672 $ 2,545,046 Loans with fixed rates $ 1,141,433 $ 1,130,172 Loans with adjustable or floating rates 1,542,239 1,414,874 Total loans and leases $ 2,683,672 $ 2,545,046 Net deferred loan origination fees included in the above loan table $ (718 ) $ (735 ) September 30, 2017 December 31, 201 6 Loans held for sale $ 6,327 $ 9,621 Real estate loans: Commercial mortgage $ 1,089,369 $ 946,879 Home equity lines and loans 182,301 178,450 Residential mortgage 362,237 342,268 Construction 133,505 141,964 Total real estate loans 1,767,412 1,609,561 Commercial and industrial 573,607 550,334 Consumer 31,165 25,200 Leases 60,870 55,892 Total portfolio loans and leases 2,433,054 2,240,987 Total loans and leases $ 2,439,381 $ 2,250,608 Loans with fixed rates $ 1,026,646 $ 992,917 Loans with adjustable or floating rates 1,412,735 1,257,691 Total originated loans and leases $ 2,439,381 $ 2,250,608 Net deferred loan origination fees included in the above loan table $ (718 ) $ (735 ) September 30, 2017 December 31, 201 6 Real estate loans: Commercial mortgage $ 135,202 $ 164,019 Home equity lines and loans 24,673 29,549 Residential mortgage 60,287 71,272 Total real estate loans 220,162 264,840 Commercial and industrial 23,988 29,457 Consumer 141 141 Total portfolio loans and leases 244,291 294,438 Total acquired loans and leases $ 244,291 $ 294,438 Loans with fixed rates $ 114,787 $ 137,255 Loans with adjustable or floating rates 129,504 157,183 Total acquired loans and leases $ 244,291 $ 294,438 |
Schedule of Components of Leveraged Lease Investments [Table Text Block] | (dollars in thousands) September 30, 2017 December 31, 201 6 Minimum lease payments receivable $ 67,561 $ 62,379 Unearned lease income (8,946 ) (8,608 ) Initial direct costs and deferred fees 2,255 2,121 Total $ 60,870 $ 55,892 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (dollars in thousands) September 30, 2017 December 31, 2016 Non-accrual loans and leases : Commercial mortgage $ 193 $ 320 Home equity lines and loans 613 2,289 Residential mortgage 1,589 2,658 Commercial and industrial 1,977 2,957 Consumer — 2 Leases 100 137 Total $ 4,472 $ 8,363 (dollars in thousands) September 30, 2017 December 31, 2016 Non-accrual originated loans and leases : Commercial mortgage $ 144 $ 265 Home equity lines and loans 270 2,169 Residential mortgage 458 1,654 Commercial and industrial 1,131 941 Consumer — 2 Leases 100 137 Total $ 2,103 $ 5,168 (dollars in thousands) September 30, 2017 December 31, 2016 Non-accrual acquired loans and leases : Commercial mortgage $ 49 $ 55 Home equity lines and loans 343 120 Residential mortgage 1,131 1,004 Commercial and industrial 846 2,016 Total $ 2,369 $ 3,195 |
Schedule of Information Related to Purchased Credit Impaired Loans [Table Text Block] | (dollars in thousands) September 30, 2017 December 31, 201 6 Outstanding principal balance $ 15,149 $ 18,091 Carrying amount (1) $ 10,380 $ 12,432 |
Schedule of Changes in Accretable Discount Related to Purchased Credit Impaired Loans [Table Text Block] | (dollars in thousands) Accretable Discount Balance, December 31, 2016 $ 3,233 Accretion (1,553 ) Reclassifications from nonaccretable difference — Additions/adjustments 666 Disposals — Balance, September 30, 2017 $ 2,346 |
Past Due Financing Receivables [Table Text Block] | Accruing Loans and Leases (dollars in thousands) 30 – 59 Days 60 – 89 Days Over 89 Days Past Due Total Past Due Current * Total Accruing Loans and Leases Nonaccrual Loans and Leases Total Loans and Leases As of September 30 , 201 7 Commercial mortgage $ 525 $ — $ — $ 525 $ 1,223,853 $ 1,224,378 $ 193 $ 1,224,571 Home equity lines and loans — — — — 206,361 206,361 613 206,974 Residential mortgage 1,608 1,857 — 3,465 417,470 420,935 1,589 422,524 Construction — 116 — 116 133,389 133,505 — 133.505 Commercial and industrial — — — — 595,618 595,618 1,977 597,595 Consumer 22 — — 22 31,284 31,306 — 31,306 Leases 296 133 — 429 60,341 60,770 100 60,870 Total $ 2,451 $ 2,106 $ — $ 4,557 $ 2,668,316 $ 2,672,873 $ 4,472 $ 2,677,345 Accruing Loans and Leases (dollars in thousands) 30 – 59 Days 60 – 89 Days Over 89 Days Past Due Total Past Due Current * Total Accruing Loans and Leases Nonaccrual Loans and Leases Total Loans and Leases As of December 31, 201 6 Commercial mortgage $ 666 $ 722 $ — $ 1,388 $ 1,109,190 $ 1,110,578 $ 320 $ 1,110,898 Home equity lines and loans 11 — — 11 205,699 205,710 2,289 207,999 Residential mortgage 823 490 — 1,313 409,569 410,882 2,658 413,540 Construction — — — — 141,964 141,964 — 141,964 Commercial and industrial 36 — — 36 576,798 576,834 2,957 579,791 Consumer 10 5 — 15 25,324 25,339 2 25,341 Leases 177 86 — 263 55,492 55,755 137 55,892 Total $ 1,723 $ 1,303 $ — $ 3,026 $ 2,524,036 $ 2,527,062 $ 8,363 $ 2,535,425 Accruing Loans and Leases (dollars in thousands) 30 – 59 Days 60 – 89 Days Over 89 Days Past Due Total Past Due Current * Total Accruing Loans and Leases Nonaccrual Loans and Leases Total Loans and Leases As of September 30 , 201 7 Commercial mortgage $ 398 $ — $ — $ 398 $ 1,088,827 $ 1,089,225 $ 144 $ 1,089,369 Home equity lines and loans — — — — 182,031 182,031 270 182,301 Residential mortgage 1,511 — — 1,511 360,268 361,779 458 362,237 Construction — 116 — 116 133,389 133,505 — 133,505 Commercial and industrial — — — — 572,476 572,476 1,131 573,607 Consumer 22 — — 22 31,143 31,165 — 31,165 Leases 296 133 — 429 60,341 60,770 100 60,870 Total $ 2,227 $ 249 $ — $ 2,476 $ 2,428,475 $ 2,430,951 $ 2,103 $ 2,433,054 Accruing Loans and Leases (dollars in thousands) 30 – 59 Days 60 – 89 Days Over 89 Days Past Due Total Past Due Current * Total Accruing Loans and Leases Nonaccrual Loans and Leases Total Loans and Leases As of December 31, 201 6 Commercial mortgage $ — $ 722 $ — $ 722 $ 945,892 $ 946,614 $ 265 $ 946,879 Home equity lines and loans 11 — — 11 176,270 176,281 2,169 178,450 Residential mortgage 773 64 — 837 339,778 340,615 1,653 342,268 Construction — — — — 141,964 141,964 — 141,964 Commercial and industrial — — — — 549,393 549,393 941 550,334 Consumer 10 5 — 15 25,183 25,198 2 25,200 Leases 177 86 — 263 55,492 55,755 137 55,892 Total $ 971 $ 877 $ — $ 1,848 $ 2,233,972 $ 2,235,820 $ 5,167 $ 2,240,987 Accruing Loans and Leases (dollars in thousands) 30 – 59 Days 60 – 89 Days Over 89 Days Past Due Total Past Due Current Total Accruing Loans and Leases Nonaccrual Loans and Leases Total Loans and Leases As of September 30 , 201 7 Commercial mortgage $ 127 $ — $ — $ 127 $ 135,026 $ 135,153 $ 49 $ 135,202 Home equity lines and loans — — — — 24,330 24,330 343 24,673 Residential mortgage 97 1,857 — 1,954 57,202 59,156 1,131 60,287 Commercial and industrial — — — — 23,142 23,142 846 23,988 Consumer — — — — 141 141 — 141 Total $ 224 $ 1,857 $ — $ 2,081 $ 239,841 $ 241,922 $ 2,369 $ 244,291 Accruing Loans and Leases (dollars in thousands) 30 – 59 Days 60 – 89 Days Over 89 Days Past Due Total Past Due Current * Total Accruing Loans and Leases Nonaccrual Loans and Leases Total Loans and Leases As of December 31, 201 6 Commercial mortgage $ 666 $ — $ — $ 666 $ 163,298 $ 163,964 $ 55 $ 164,019 Home equity lines and loans — — — — 29,429 29,429 120 29,549 Residential mortgage 50 426 — 476 69,791 70,267 1,005 71,272 Commercial and industrial 36 — — 36 27,405 27,441 2,016 29,457 Consumer — — — — 141 141 — 141 Total $ 752 $ 426 $ — $ 1,178 $ 290,064 $ 291,242 $ 3,196 $ 294,438 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Unallocated Total Balance, June 30, 2017 $ 6,608 $ 1,214 $ 1,776 $ 1,111 $ 4,813 $ 177 $ 700 $ — $ 16,399 Charge-offs — (69 ) (88 ) — (301 ) (37 ) (411 ) — (906 ) Recoveries 3 — 85 1 2 1 86 — 178 Provision for loan and lease losses 721 (53 ) 48 (182 ) 366 69 364 — 1,333 Balance, September 30, 2017 $ 7,332 $ 1,092 $ 1,821 $ 930 $ 4,880 $ 210 $ 739 $ — $ 17,004 (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Unallocated Total Balance, December 31, 2016 $ 6,227 $ 1,255 $ 1,917 $ 2,233 $ 5,142 $ 153 $ 559 $ — $ 17,486 Charge-offs — (676 ) (158 ) — (560 ) (96 ) (924 ) (2,414 ) Recoveries 9 — 85 3 18 5 271 391 Provision for loan and lease losses 1,096 513 (23 ) (1,306 ) 280 148 833 1,541 Balance, September 30, 2017 $ 7,332 $ 1,092 $ 1,821 $ 930 $ 4,880 $ 210 $ 739 $ — $ 17,004 (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Unallocated Total Balance, June 30, 2016 $ 6,021 $ 1,185 $ 1,949 $ 2,144 $ 5,045 $ 127 $ 565 $ — $ 17,036 Charge-offs — (402 ) (4 ) — (112 ) (64 ) (240 ) — (822 ) Recoveries 4 27 2 — 16 7 62 — 118 Provision for loan and lease losses 224 402 44 (28 ) 500 74 176 — 1,412 Balance, September 30, 2016 $ 6,269 $ 1,212 $ 1,991 $ 2,116 $ 5,449 $ 144 $ 563 $ — $ 17,744 (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Unallocated Total Balance, December 31, 2015 $ 5,199 $ 1,307 $ 1,740 $ 1,324 $ 5,609 $ 142 $ 518 $ 18 $ 15,857 Charge-offs (110 ) (488 ) (275 ) — (144 ) (131 ) (650 ) — (1,798 ) Recoveries 10 31 46 63 67 23 178 — 418 Provision for loan and lease losses 1,170 362 480 729 (83 ) 110 517 (18 ) 3,267 Balance September 30, 2016 $ 6,269 $ 1,212 $ 1,991 $ 2,116 $ 5,449 $ 144 $ 563 $ — $ 17,744 |
Schedule of Allowance for Loan Losses by Portfolio Segment [Table Text Block] | (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Unallocated Total As of September 30 , 201 7 Allowance on loans and leases: Individually evaluated for impairment $ — $ 3 $ 116 $ — $ — $ 4 $ — $ — $ 123 Collectively evaluated for impairment 7,332 1,089 1,705 930 4,880 206 739 — 16,881 Purchased credit-impaired (1) — — — — — — — — — Total $ 7,332 $ 1,092 $ 1,821 $ 930 $ 4,880 $ 210 $ 739 $ — $ 17,004 As of December 31, 201 6 Allowance on loans and leases: Individually evaluated for impairment $ — $ — $ 73 $ — $ 5 $ 8 $ — $ — $ 86 Collectively evaluated for impairment 6,227 1,255 1,844 2,233 5,137 145 559 — 17,400 Purchased credit-impaired (1) — — — — — — — — — Total $ 6,227 $ 1,255 $ 1,917 $ 2,233 $ 5,142 $ 153 $ 559 $ — $ 17,486 (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Total As of September 30 , 201 7 Carrying value of loans and leases: Individually evaluated for impairment $ 1,449 $ 654 $ 6,459 $ — $ 1,940 $ 27 $ — $ 10,529 Collectively evaluated for impairment 1,214,225 206,232 416,065 133,505 594,260 31,279 60,870 2,656,436 Purchased credit-impaired (1) 8,897 88 — — 1,395 — — 10,380 Total $ 1,224,571 $ 206,974 $ 422,524 $ 133,505 $ 597,595 $ 31,306 $ 60,870 $ 2,677,345 As of December 31, 201 6 Carrying value of loans and leases: Individually evaluated for impairment $ 1,576 $ 2,354 $ 7,266 $ — $ 2,946 $ 31 $ — $ 14,173 Collectively evaluated for impairment 1,098,788 205,540 406,271 141,964 575,055 25,310 55,892 2,508,820 Purchased credit-impaired (1) 10,534 105 3 — 1,790 — — 12,432 Total $ 1,110,898 $ 207,999 $ 413,540 $ 141,964 $ 579,791 $ 25,341 $ 55,892 $ 2,535,425 (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Unallocated Total As of September 30 , 201 7 Allowance on loans and leases: Individually evaluated for impairment $ — $ 3 $ 69 $ — $ — $ 4 $ — $ — $ 76 Collectively evaluated for impairment 7,332 1,089 1,705 930 4,880 206 739 — 16,881 Total $ 7,332 $ 1,092 $ 1,774 $ 930 $ 4,880 $ 210 $ 739 $ — $ 16,957 As of December 31, 201 6 Allowance on loans and leases: Individually evaluated for impairment $ — $ — $ 45 $ — $ 5 $ 8 $ — $ — $ 58 Collectively evaluated for impairment 6,227 1,255 1,844 2,233 5,137 145 559 — 17,400 Total $ 6,227 $ 1,255 $ 1,889 $ 2,233 $ 5,142 $ 153 $ 559 $ — $ 17,458 (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Total As of September 30 , 201 7 Carrying value of loans and leases: Individually evaluated for impairment $ 1,400 $ 388 $ 3,153 $ — $ 1,287 $ 27 $ — $ 6,255 Collectively evaluated for impairment 1,087,969 181,913 359,084 133,505 572,319 31,139 60,870 2,426,799 Total $ 1,089,369 $ 182,301 $ 362,237 $ 133,505 $ 573,606 $ 31,166 $ 60,870 $ 2,433,054 As of December 31, 201 6 Carrying value of loans and leases: Individually evaluated for impairment $ 1,521 $ 2,319 $ 4,111 $ — $ 1,190 $ 31 $ — $ 9,172 Collectively evaluated for impairment 945,358 176,131 338,157 141,964 549,144 25,169 55,892 2,231,815 Total $ 946,879 $ 178,450 $ 342,268 $ 141,964 $ 550,334 $ 25,200 $ 55,892 $ 2,240,987 (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Unallocated Total As of September 30 , 201 7 Allowance on loans and leases: Individually evaluated for impairment $ — $ — $ 47 $ — $ — $ — $ — $ — $ 47 Collectively evaluated for impairment — — — — — — — — — Purchased credit-impaired (1) — — — — — — — — — Total $ — $ — $ 47 $ — $ — $ — $ — $ — $ 47 As of December 31, 201 6 Allowance on loans and leases: Individually evaluated for impairment $ — $ — $ 28 $ — $ — $ — $ — $ — $ 28 Collectively evaluated for impairment — — — — — — — — — Purchased credit-impaired (1) — — — — — — — — — Total $ — $ — $ 28 $ — $ — $ — $ — $ — $ 28 (dollars in thousands) Commercial Mortgage Home Equity Lines and Residential Mortgage Construction Commercial and Consumer Leases Total As of September 30 , 201 7 Carrying value of loans and leases: Individually evaluated for impairment $ 49 $ 266 $ 3,306 $ — $ 653 $ — $ — $ 4,274 Collectively evaluated for impairment 126,256 24,319 56,981 — 21,941 140 — 229,637 Purchased credit-impaired (1) 8,897 88 — — 1,395 — — 10,380 Total $ 135,202 $ 24,673 $ 60,287 $ — $ 23,989 $ 140 $ — $ 244,291 As of December 31, 201 6 Carrying value of loans and leases: Individually evaluated for impairment $ 55 $ 35 $ 3,155 $ — $ 1,756 $ — $ — $ 5,001 Collectively evaluated for impairment 153,430 29,409 68,114 — 25,911 141 — 277,005 Purchased credit-impaired (1) 10,534 105 3 — 1,790 — — 12,432 Total $ 164,019 $ 29,549 $ 71,272 $ — $ 29,457 $ 141 $ — $ 294,438 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Credit Risk Profile by Internally Assigned Grade (dollars in thousands) Commercial Mortgage Construction Commercial and Industrial Total September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 Pass $ 1,215,039 $ 1,099,557 $ 130,398 $ 140,370 $ 591,495 $ 570,342 $ 1,936,932 $ 1,810,269 Special Mention — 1,892 — — 1,332 2,315 1,332 4,207 Substandard 9,532 9,449 3,107 1,594 4,249 5,512 16,888 16,555 Doubtful — — — — 519 1,622 519 1,622 Total $ 1,224,571 $ 1,110,898 $ 133,505 $ 141,964 $ 597,595 $ 579,791 $ 1,955,671 $ 1,832,653 Credit Risk Profile by Internally Assigned Grade (dollars in thousands) Commercial Mortgage Construction Commercial and Industrial Total September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 Pass $ 1,081,187 $ 936,737 $ 130,398 $ 140,370 $ 570,427 $ 544,876 $ 1,782,012 $ 1,621,983 Special Mention — 1,892 — — 1,332 2,279 1,332 4,171 Substandard 8,182 8,250 3,107 1,594 1,494 3,054 12,783 12,898 Doubtful — — — — 354 125 354 125 Total $ 1,089,369 $ 946,879 $ 133,505 $ 141,964 $ 573,607 $ 550,334 $ 1,796,481 $ 1,639,177 Credit Risk Profile by Internally Assigned Grade (dollars in thousands) Commercial Mortgage Construction Commercial and Industrial Total September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 Pass $ 133,852 $ 162,820 $ — $ — $ 21,068 $ 25,466 $ 154,920 $ 188,286 Special Mention — — — — — 36 — 36 Substandard 1,350 1,199 — — 2,755 2,458 4,105 3,657 Doubtful — — — — 165 1,497 165 1,497 Total $ 135,202 $ 164,019 $ — $ — $ 23,988 $ 29,457 $ 159,190 $ 193,476 |
Financing Receivable by Financial Instrument Performance Status [Table Text Block] | Credit Risk Profile by Payment Activity (dollars in thousands) Residential Mortgage Home Equity Lines and Loans Consumer Leases Total September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 Performing $ 420,935 $ 410,882 $ 206,361 $ 205,710 $ 31,606 $ 25,339 $ 60,770 $ 55,755 $ 719,372 $ 697,686 Non-performing 1,589 2,658 613 2,289 — 2 100 137 2,302 5,086 Total $ 422,524 $ 413,540 $ 206,974 $ 207,999 $ 31,606 $ 25,341 $ 60,870 $ 55,892 $ 721,674 $ 702,772 Credit Risk Profile by Payment Activity (dollars in t housands) Residential Mortgage Home Equity Lines and Loans Consumer Leases Total September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 Performing $ 361,779 $ 340,615 $ 182,031 $ 176,281 $ 31,165 $ 25,198 $ 60,770 $ 55,755 $ 635,745 $ 597,849 Non-performing 458 1,653 270 2,169 — 2 100 137 828 3,961 Total $ 362,237 $ 342,268 $ 182,301 $ 178,450 $ 31,165 $ 25,200 $ 60,870 $ 55,892 $ 636,573 $ 601,810 Credit Risk Profile by Payment Activity (dollars in thousands) Residential Mortgage Home Equity Lines and Loans Consumer Total September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 September 30, 2017 December 31, 2016 Performing $ 59,156 $ 70,267 $ 24,330 $ 29,429 $ 141 $ 141 $ 83,627 $ 99,837 Non-performing 1,131 1,005 343 120 — — 1,474 1,125 Total $ 60,287 $ 71,272 $ 24,673 $ 29,549 $ 141 $ 141 $ 85,101 $ 100,962 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | (dollars in thousands) September 30, 2017 December 31, 2016 TDRs included in nonperforming loans and leases $ 2,033 $ 2,632 TDRs in compliance with modified terms 6,597 6,395 Total TDRs $ 8,630 $ 9,027 For the Three Months Ended September 30, 2017 (dollars in thousands) Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Residential mortgage 2 $ 240 $ 240 Leases 2 28 28 Total 4 $ 268 $ 268 Number of Contracts for the Three Months Ended September 30, 2017 Interest Rate Change Loan Term Extension Interest Rate Change and Term Extension Interest Rate Change and/or Interest- Only Period Contractual Payment Reduction (Leases only) Forgiveness of Interest Forgiveness of Principal Residential mortgage — 1 1 — — — — Leases — — — — 2 — — Total — 1 1 — 2 — — For the Nine Months Ended September 30, 2017 (dollars in thousands) Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Home equity loans and lines 1 $ 8 $ 8 Residential mortgage 3 442 442 Leases 4 87 87 Total 8 $ 537 $ 537 Number of Contracts for the Nine Months Ended September 30, 2017 Interest Rate Change Loan Term Extension Interest Rate Change and Term Extension Interest Rate Change and/or Interest- Only Period Contractual Payment Reduction (Leases only) Forgiveness of Interest Forgiveness of Principal Home equity loans and lines 1 — — — — — — Residential mortgage 1 1 1 — — — — Leases — — — — 4 — — Total 2 1 1 — 4 — — |
Impaired Financing Receivables [Table Text Block] | (dollars in thousands) Recorded Investment (2) Principal Balance Related Allowance Average Principal Interest Income Cash-Basis Interest As of or for the three months ended September 30, 2017 Impaired loans with related Allowance: Home equity lines and loans $ 21 $ 21 $ 3 $ 21 $ — $ — Residential mortgage 1,770 1,770 116 1,776 23 — Consumer 27 27 4 28 — — Total $ 1,818 $ 1,818 $ 123 $ 1,825 $ 23 $ — Impaired loans without related Allowance (1) (3) Commercial mortgage $ 1,449 $ 1,485 $ — $ 1,451 $ 15 $ — Home equity lines and loans 633 694 — 655 1 — Residential mortgage 4,688 5,015 — 4,243 43 — Commercial and industrial 1,940 2,796 — 2,605 2 — Total $ 8,710 $ 9,990 $ — $ 8,954 $ 61 $ — Grand total $ 10,528 $ 11,808 $ 123 $ 10,779 $ 84 $ — (dollars in thousands) Recorded Investment (2) Principal Balance Related Allowance Average Principal Interest Income Cash-Basis Interest As of or for the nine months ended September 30 , 201 7 Impaired loans with related Allowance: Home equity lines and loans $ 21 $ 21 $ 3 $ 21 $ 1 $ — Residential mortgage 1,770 1,770 116 1,797 67 — Consumer 27 27 4 28 1 — Total $ 1,818 $ 1,818 $ 123 $ 1,846 $ 69 $ — Impaired loans without related Allowance (1) (3) Commercial mortgage $ 1,449 $ 1,485 $ — $ 1,475 $ 45 $ — Home equity lines and loans 633 694 — 669 5 — Residential mortgage 4,688 5,015 — 4,288 118 — Commercial and industrial 1,940 2,796 — 2,746 34 — Total $ 8,710 $ 9,990 $ — $ 9,178 $ 202 $ — Grand total $ 10,528 $ 11,808 $ 123 $ 11,024 $ 271 $ — (dollars in thousands) Recorded Investment (2) Principal Balance Related Allowance Average Principal Interest Income Cash-Basis Interest As of or for the three months ended September 30, 2016 Impaired loans with related Allowance: Residential mortgage $ 624 $ 624 $ 74 $ 638 $ 7 $ — Commercial and industrial 1,832 1,832 519 1,901 1 — Consumer 30 30 6 31 — — Total $ 2,486 $ 2,486 $ 599 $ 2,570 $ 8 $ — Impaired loans without related Allowance (1) (3) Commercial mortgage $ 1,395 $ 1,395 $ — $ 1,398 $ 15 $ — Home equity lines and loans 2,891 3,498 — 3,651 1 — Residential mortgage 6,838 7,170 — 8,136 53 — Commercial and industrial 1,984 2,544 — 3,799 1 — Consumer 2 2 — 2 — — Total $ 13,110 $ 14,609 $ — $ 16,986 $ 70 $ — Grand total $ 15,596 $ 17,095 $ 599 $ 19,556 $ 78 $ — (dollars in thousands) Recorded Investment (2) Principal Balance Related Allowance Average Principal Interest Income Cash-Basis Interest As of or for the nine months ended September 30, 2016 Impaired loans with related Allowance: Residential mortgage $ 624 $ 624 $ 74 $ 640 $ 21 $ — Commercial and industrial 1,832 1,832 519 1,944 4 — Consumer 30 30 6 32 1 — Total $ 2,486 $ 2,486 $ 599 $ 2,616 $ 26 $ — Impaired loans without related Allowance (1) (3) Commercial mortgage $ 1,395 $ 1,395 $ — $ 1,399 $ 46 $ — Home equity lines and loans 2,891 3,498 — 3,675 22 — Residential mortgage 6,838 7,170 — 8,131 164 — Commercial and industrial 1,984 2,544 — 4,246 30 — Consumer 2 2 — 2 — — Total $ 13,110 $ 14,609 $ — $ 17,453 $ 262 $ — Grand total $ 15,596 $ 17,095 $ 599 $ 20,069 $ 288 $ — (dollars in thousands) Recorded Investment (2) Principal Balance Related Allowance As of December 31, 2016 Impaired loans with related allowance: Residential mortgage $ 622 $ 622 $ 73 Commercial and industrial 84 84 5 Consumer 31 31 8 Total $ 737 $ 737 $ 86 Impaired loans (1)(3) Commercial mortgage $ 1,577 $ 1,577 $ — Home equity lines and loans 2,354 2,778 — Residential mortgage 6,644 6,970 — Commercial and industrial 2,862 3,692 — Total $ 13,437 $ 15,017 $ — Grand total $ 14,174 $ 15,754 $ 86 |
Loans Acquired Record [Table Text Block] | (dollars in thousands) As of September 30, 2017 Outstanding Principal Remaining Loan Mark Recorded Investment Commercial mortgage $ 138,926 $ (3,724 ) $ 135,202 Home equity lines and loans 26,181 (1,508 ) 24,673 Residential mortgage 62,455 (2,168 ) 60,287 Commercial and industrial 26,790 (2,802 ) 23,988 Consume r 162 (21 ) 141 Total $ 254,514 $ (10,223 ) $ 244,291 (dollars in thousands) As of December 31, 2016 Outstanding Principal Remaining Loan Mark Recorded Investment Commercial mortgage $ 168,612 $ (4,593 ) $ 164,019 Home equity lines and loans 31,236 (1,687 ) 29,549 Residential mortgage 73,902 (2,630 ) 71,272 Commercial and industrial 32,812 (3,355 ) 29,457 Consumer 163 (22 ) 141 Total $ 306,725 $ (12,287 ) $ 294,438 |
Note 6 - Deposits (Tables)
Note 6 - Deposits (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | (dollars in thousands) September 30, 2017 December 31, 2016 Interest-bearing checking accounts $ 395,383 $ 379,424 Money market accounts 720,613 761,657 Savings accounts 264,273 232,193 Wholesale non-maturity deposits 48,620 74,272 Wholesale time deposits 178,610 73,037 Time deposits 316,068 322,912 Total interest-bearing deposits 1,923,567 1,843,495 Non-interest-bearing deposits 760,614 736,180 Total deposits $ 2,684,181 $ 2,579,675 |
Note 7 - Borrowings (Tables)
Note 7 - Borrowings (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Short-term Debt [Table Text Block] | (dollars in thousands) September 30, 2017 December 31, 2016 Repurchase agreements* – commercial customers $ 18,874 $ 39,151 Short-term FHLB advances 162,000 165,000 Overnight federal funds — — Total short-term borrowings $ 180,874 $ 204,151 |
Schedule of Additional Information on Short Term Borrowings [TableText Block] | (dollars in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Balance at period-end $ 180,874 $ 50,065 $ 180,874 $ 50,065 Maximum amount outstanding at any month-end 184,578 50,065 184,578 54,715 Average balance ou tstanding during the period 182,845 40,966 110,268 35,836 Weighted-average interest rate: As of period-end 1.17 % 0.32 % 1.17 % 0.32 % Paid during the period 1.19 % 0.33 % 0.98 % 0.26 % |
Schedule of Maturities of Long-term Debt [Table Text Block] | (dollars in thousands) September 30, 2017 December 31, 2016 Within one year $ 76,411 $ 75,000 Over one year through five years 58,240 114,742 Total l ong-term FHLB advances $ 134,651 $ 189,742 |
Schedule of Federal Home Loan Bank Advances and Other Borrowings Maturities [Table Text Block] | (dollars in thousands) Maturity Range (1) Weighted Coupon Rate (1) Balance Description From To Average Rate (1) From To September 30 , 201 7 December 31, 201 6 Bullet maturity – fixed rate 12 /29/2017 12/09/2020 1.60 % 0.95 % 2.13 % $ 98,612 $ 153,612 Bullet maturity – variable rate 11 /28/2017 11/28/2017 1.46 % 1.46 % 1.46 % 15,000 15,000 Convertible-fixed (2) 01/03/2018 08/20/2018 2.94 % 2.58 % 3.50 % 21,039 21,130 Total $ 134,651 $ 189,742 |
Note 8 - Stock-based Compensa35
Note 8 - Stock-based Compensation (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Share-based Compensation, Stock Options, Activity [Table Text Block] | Shares Weighted Average Exercise Price Weighted Average Grant Date Fair Value Options outstanding, June 30, 2017 139,834 $ 20.65 $ 4.85 Forfeited — $ — $ — Expired (250 ) $ 22.00 $ 4.90 Exercised (12,838 ) $ 22.03 $ 5.11 Options outstanding, September 30, 2017 126,746 $ 20.51 $ 4.82 Shares Weighted Average Exercise Price Weighted Average Grant Date Fair Value Options outstanding, December 31, 2016 185,023 $ 21.04 $ 4.88 Forfeited — $ — $ — Expired (250 ) $ 22.00 $ 4.90 Exercised (58,027 ) $ 22.20 $ 5.00 Options outstanding, September 30, 2017 126,746 $ 20.51 $ 4.82 |
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block] | (dollars in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Proceeds from exercise of stock options $ 283 $ 559 $ 1,288 $ 1,205 Related tax benefit recognized 96 98 402 188 Net proce eds of options exercised $ 379 $ 657 $ 1,690 $ 1,393 Intrinsic va lue of options exercised $ 273 $ 279 $ 1,147 $ 537 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block] | (dollars in thousands, except exercise price) Outstanding Exercisable Num ber of shares 126,746 126,746 Weighted aver age exercise price $ 20.51 $ 20.51 Aggregate intrinsic value $ 2,952 $ 2,952 Weighted average contractual term in years 1.5 1.5 |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Beginning balance 55,262 $ 30.95 58,862 $ 29.57 Granted 22,117 $ 39.35 28,317 $ 39.48 Vested (10,687 ) $ 30.14 (16,987 ) $ 29.27 Forfeited (161 ) $ 30.43 (3,661 ) $ 29.38 End ing balance 66,531 $ 33.88 66,531 $ 33.88 |
Schedule of Nonvested Performance-based Units Activity [Table Text Block] | Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Beginning balance 192,844 $ 18.77 192,844 $ 18.77 Granted 40,719 $ 37.84 40,719 $ 37.84 Vested (61,815 ) $ 15.05 (61,815 ) $ 15.05 Forfeited (1,335 ) $ 19.46 (1,335 ) $ 19.46 Ending balance 170,413 $ 24.67 170,413 $ 24.67 |
Note 9 - Pension and Other Po36
Note 9 - Pension and Other Post-retirement Benefit Plans (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Net Benefit Costs [Table Text Block] | Three Months Ended September 30, SERP I and SERP II PRBP (dollars in thousands) 2017 2016 2017 2016 Service cost $ — $ — $ — $ — Interest cost 44 46 3 5 Expected return on plan assets — — — — Amortization of prior service costs — — — — Amortization of net loss 15 14 9 10 Net periodic benefit cost $ 59 $ 60 $ 12 $ 15 Nine Months Ended September 30, SERP I and SERP II PRBP (dollars in thousands) 2017 2016 2017 2016 Service cost $ — $ — $ — $ — Interest cost 132 138 9 14 Expected return on plan assets — — — — Amortization of prior service costs — — — — Amortization of net loss 44 43 27 30 Net periodic benefit cost $ 176 $ 181 $ 36 $ 44 |
Note 10 - Segment Information (
Note 10 - Segment Information (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Three Months Ended September 30, 2017 Three Months Ended September 30, 2016 (dollars in thousands) Banking Wealth Management Consolidated Banking Wealth Management Consolidated Net interest income $ 29,437 $ 1 $ 29,438 $ 26,716 $ 1 $ 26,717 Less: loan loss provision 1,333 — 1,333 1,412 — 1,412 Net interest income after loan loss provision 28,104 1 28,105 25,304 1 25,305 Other income: Fees for weal th management services — 9,651 9,651 — 9,100 9,100 Service charg es on deposit accounts 676 — 676 688 — 688 Loan servi cing and other fees 548 — 548 497 — 497 Net gai n on sale of loans 799 — 799 879 — 879 Net gain (loss) on sale of ava ilable for sale securities 72 — 72 (28 ) — (28 ) Net (loss) gain on sale of oth er real estate owned — — — — — — Dividends on FHLB and FRB stock 217 — 217 277 — 277 Insura nce commissions — 1,373 1,373 — 886 886 Other operating income 2,207 41 2,248 1,447 40 1,487 To tal other income 4,519 11,065 15,584 3,760 10,026 13,786 Other expenses: Sa laries & wages 9,130 4,472 13,602 7,995 3,626 11,621 E mployee benefits 1,658 973 2,631 1,611 809 2,420 Occupancy & equipment 2,049 436 2,485 1,943 406 2,349 Amortizatio n of intangible assets 197 480 677 217 671 888 Pr ofessional fees 681 58 739 923 14 937 Other operating expe nses 6,899 1,151 8,050 6,306 850 7,156 Tot al other expenses 20,614 7,570 28,184 18,995 6,376 25,371 Segment profit 12,009 3,496 15,505 10,069 3,651 13,720 Intersegment (revenues) expenses* (112 ) 112 — (99 ) 99 — Pre-tax segment profit after eliminations $ 11,897 $ 3,608 $ 15,505 $ 9,970 $ 3,750 $ 13,720 % of segment pre-tax profit after e liminations 76.7 % 23.3 % 100.0 % 72.7 % 27.3 % 100.0 % Segment assets (dollars in millions) $ 3,425 $ 52 $ 3,477 $ 3,128 $ 47 $ 3,175 Nine Months Ended September 30, 2017 Nine Months Ended September 30, 2016 (dollars in thousands) Banking Wealth Management Consolidated Banking Wealth Management Consolidated Net interest income $ 84,804 $ 2 $ 84,806 $ 79,244 $ 2 $ 79,246 Less: loan loss provision 1,541 — 1,541 3,267 — 3,267 Net interest income after loan loss provision 83,263 2 83,265 75,977 2 75,979 Other income: Fees for wealth management services — 28,761 28,761 — 27,363 27,363 Service charges on deposit accounts 1,953 — 1,953 2,103 — 2,103 Loan servicing and other fees 1,570 — 1,570 1,528 — 1,528 Net (loss) gain on sale of loans 1,948 — 1,948 2,440 — 2,440 Net (loss) gain on sale of available for sale securities 73 — 73 (86 ) — (86 ) Net loss on sale of other real estate owned (12 ) — (12 ) (76 ) — (76 ) Dividends on FHLB and FRB stock 649 — 649 754 — 754 Insurance commissions — 3,079 3,079 — 3,007 3,007 Other operating income 5,437 138 5,575 3,582 104 3,686 Total other income 11,618 31,978 43,596 10,245 30,474 40,719 Other expenses: Salaries & wages 27,044 12,588 39,632 24,174 11,382 35,556 Employee benefits 4,777 2,888 7,665 4,846 2,495 7,341 Occupancy & equipment 6,025 1,233 7,258 5,997 1,207 7,204 Amortization of intangible assets 588 1,469 2,057 655 2,013 2,668 Professional fees 2,318 181 2,499 2,619 77 2,696 Other operating expenses 20,988 3,240 24,228 18,304 2,817 21,121 Total other expenses 61,740 21,599 83,339 56,595 19,991 76,586 Segment profit 33,141 10,381 43,522 29,627 10,485 40,112 Intersegment (revenues) expenses* (336 ) 336 — (297 ) 297 — Pre-tax segment profit after eliminations $ 32,805 $ 10,717 $ 43,522 $ 29,330 $ 10,782 $ 40,112 % of segment pre-tax profit after eliminations 75.4 % 24.6 % 100.0 % 73.1 % 26.9 % 100.0 % Segment assets (dollars in millions) $ 3,425 $ 52 $ 3,477 $ 3,128 $ 47 $ 3,175 |
Wealth [Member] | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | (dollars in millions) September 30, 2017 December 31, 2016 Assets under management, administration, supervision and brokerage $ 12,431.4 $ 11,328.5 |
Note 11 - Mortgage Servicing 38
Note 11 - Mortgage Servicing Rights (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Servicing Asset at Amortized Cost [Table Text Block] | Three Months Ended September 30, (dollars in thousands) 2017 2016 Balance, beginning of period $ 5,682 $ 4,646 Additions 282 386 Amortization (229 ) (210 ) Recovery — — Impairment (3 ) (29 ) Balance, end of period $ 5,732 $ 4,793 Fair value $ 6,146 $ 4,877 Nine Months Ended September 30, (dollars in thousands) 2017 2016 Balance, beginning of period $ 5,582 $ 5,142 Additions 770 888 Amortization (571 ) (526 ) Recovery 3 — Impairment (52 ) (711 ) Balance, end of period $ 5,732 $ 4,793 Fair value $ 6,146 $ 4,877 Residential mortgage loans serviced for others, end of period $ 647,997 $ 618,134 |
Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets [Table Text Block] | (dollars in thousands) September 30, 2017 December 31, 201 6 Fair value amount of MSRs $ 6,146 $ 6,154 Weighted average life (in years) 6.0 6.3 Prepayment speeds (constant prepayment rate)* 11.5 % 10.2 % Impact on fair value: 10% adverse change $ (176 ) $ (115 ) 20% adverse change $ (356 ) $ (238 ) Discount rate 9.55 % 9.55 % Impact on fair value: 10% adverse change $ (211 ) $ (225 ) 20% adverse change $ (409 ) $ (434 ) |
Note 12 - Goodwill and Other 39
Note 12 - Goodwill and Other Intangibles (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Intangible Assets and Goodwill [Table Text Block] | (dollars in thousands) Balance December 31, 201 6 Additions/ Adjustments Amortization Balance September 30 , 201 7 Amortization Period Goodwill – Wealth $ 20,412 $ — $ — $ 20,412 Indefinite Goodwill – Banking 80,783 — — 80,783 Indefinite Goodwill – Insurance 3,570 2,362 — 5,932 Indefinite Total Goodwill $ 104,765 $ 2,362 $ — $ 107,127 Core deposit intangible $ 3,447 $ — $ (553 ) $ 2,894 10 years Customer relationships 13,056 2,672 (1,152 ) 14,576 10 to 20 years Non-compete agreements 1,634 41 (295 ) 1,380 5 to 10 years Trade name 2,165 195 (22 ) 2,338 3 years to Indefinite Domain name — 151 — 151 Indefinite Favorable lease 103 — (35 ) 68 17 to 75 months Total Other Intangibles $ 20,405 $ 3,059 $ (2,057 ) $ 21,407 Grand Total $ 125,170 $ 5,421 $ (2,057 ) $ 128,534 |
Note 13 - Derivatives Instrum40
Note 13 - Derivatives Instruments and Hedging Activities (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | Asset Derivatives Liability Derivatives (dollars in thousands) Notional Amount Fair Value Notional Amount Fair Value Derivatives not designated as hedging instruments As of September 30, 2017: Customer derivatives – interest rate swaps $ 83,217 $ 1.950 $ 83,217 $ 1,946 Risk participation agreements sold — — 905 3 Risk participation agreements purchased 6,474 1 — — Total derivatives $ 89,691 $ 1,951 $ 84,122 $ 1,949 As of December 31, 2016: Customer derivatives – interest rate swaps $ — $ — $ — $ — Risk participation agreements — — — — Total derivatives $ — $ — $ — $ — |
Note 14 - Accumulated Other C41
Note 14 - Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | (dollars in thousands) Net Change in Unrealized Gains on Available-for- Sale Investment Securities Net Change in Unfunded Pension Liability Accumulated Other Comprehensive (Loss) Income Balance, June 30, 2017 $ (433 ) $ (1,131 ) $ (1,564 ) Net change 149 15 164 Balance, September 30, 2017 $ (284 ) $ (1,116 ) $ (1,400 ) Balance, June 30, 2016 $ 3,665 $ (1,177 ) $ 2,488 Net change (376 ) 16 (360 ) Balance, September 30, 2016 $ 3,289 $ (1,161 ) $ 2,128 (dollars in thousands) Net Change in Unrealized Gains on Available-for- Sale Investment Securities Net Change in Unfunded Pension Liability Accumulated Other Comprehensive (Loss) Income Balance, December 31, 2016 $ (1,231 ) $ (1,178 ) $ (2,409 ) Net change 947 62 1,009 Balance, September 30, 2017 $ (284 ) $ (1,116 ) $ (1,400 ) Balance, December 31, 2015 $ 774 $ (1,186 ) $ (412 ) Net change 2,515 25 2,540 Balance, September 30, 2016 $ 3,289 $ (1,161 ) $ 2,128 |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Description of Accumulated Other Amount Reclassified from Accumulated Other Comprehensive Loss Comprehensive Loss Component Three Months Ended September 30, Affected Income Statement Category 2017 2016 Net unrealized gain on investment securities available for sale: Realization of loss on sale of investment securities available for sale $ (72 ) $ 28 Net gain on sale of available for sale investment securities Less: income tax benefit (expense) (25 ) 10 Less: income tax expense Net of income tax $ (47 ) $ 18 Net of income tax Unfunded pension liability: Amortization of net loss included in net periodic pension costs* $ 24 $ 24 Employee benefits Amortization of prior service cost included in net periodic pension costs* — — Employee benefits Total expense before income tax benefit 24 24 Total expense before income tax benefit Less: income tax benefit 8 8 Less: income tax benefit Net of income tax $ 16 $ 16 Net of income tax Description of Accumulated Other Amount Reclassified from Accumulated Other Comprehensive Loss Comprehensive Loss Component Nine Months Ended September 30, Affected Income Statement Category 201 7 201 6 Net unrealized gain on investment securities available for sale: Realization of (gain) loss on sale of investment securities available for sale $ (73 ) $ 86 Net (loss) gain on sale of available for sale investment securities Less: income tax expense (25 ) 30 Less: income tax expense Net of income tax $ (48 ) $ 56 Net of income tax Unfunded pension liability: Amortization of net loss included in net periodic pension costs* $ 71 $ 73 Employee benefits Amortization of prior service cost included in net periodic pension costs* — — Employee benefits Total expense before income tax benefit 71 73 Total expense before income tax benefit Less: income tax benefit 25 26 Less: income tax benefit Net of income tax $ 46 $ 47 Net of income tax |
Note 17 - Fair Value Measurem42
Note 17 - Fair Value Measurement (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] | ( dollars in millions) Total Level 1 Level 2 Level 3 Assets Measured at Fair Value on a Recurring Basis: Investment securities (available for sale and trading): U.S. Treasury securities $ 0.1 $ 0.1 $ — $ — Obligations of the U.S. government agency securities 142.7 — 142.7 — Obligations of state & political subdivisions 24.1 — 24.1 — Mortgage-backed securities 266.9 — 266.9 — Collateralized mortgage obligations 39.6 — 39.6 — Mutual funds 7.9 7.9 — — Other debt securities 1.1 — 1.1 — Interest rate swaps 1.9 — 1.9 — Total assets measured on a recurring basis at fair value $ 484.3 $ 8.0 $ 476.3 $ — Assets Measured at Fair Value on a Non-Recurring Basis Mortgage servicing rights $ 6.1 $ — $ — $ 6.1 Impaired loans and leases 10.7 — — 10.7 Other real estate owned (“OREO”) 0.9 — — 0.9 Total assets measured on a non-recurring basis at fair value $ 17.7 $ — $ — $ 17.7 (dollars in millions) Total Level 1 Level 2 Level 3 Assets Measured at Fair Value on a Recurring Basis: Investment securities (available for sale and trading): U.S. Treasury securities $ 200.1 $ 200.1 $ — $ — Obligations of the U.S. government agency securities 82.2 — 82.2 — Obligations of state & political subdivisions 33.5 — 33.5 — Mortgage-backed securities 188.8 — 188.8 — Collateralized mortgage obligations 48.7 — 48.7 — Mutual funds 19.1 19.1 — — Other debt securities 1.3 — 1.3 — Total assets measured on a recurring basis at fair value $ 573.7 $ 219.2 $ 354.5 $ — Assets Measured at Fair Value on a Non-Recurring Basis Mortgage servicing rights $ 6.2 $ — $ — $ 6.2 Impaired loans and leases 14.3 — — 14.3 OREO 1.0 — — 1.0 Total assets measured on a non-recurring basis at fair value $ 21.5 $ — $ — $ 21.5 |
Note 18 - Fair Value of Finan43
Note 18 - Fair Value of Financial Instruments (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | As of September 30 , As of December, 31 Fair Value 201 7 201 6 (dollars in thousands) Hierarchy Level* Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Financial assets: Cash an d cash equivalents Level 1 $ 45,552 $ 45,552 $ 50,765 $ 50,765 Investment securities, available for sale See Note 1 7 471,721 471,721 566,996 566,996 Investme nt securities, trading See Note 1 7 4,423 4,423 3,888 3,888 Investm ents, held to maturity Level 2 6,255 6,218 2,879 2,818 Loa ns held for sale Level 2 6,327 6,327 9,621 9,621 Net portfoli o loans and leases Level 3 2,660,341 2,693,099 2,517,939 2,505,546 Mortgage servicing rights Level 3 5,732 6,146 5,582 6,154 Interest rate swaps Level 2 1,950 1,950 — — Risk participation agreements purchased Level 2 1 1 Other assets Level 3 34,476 34,476 34,465 34,465 Total financial assets $ 3,236,778 $ 3,269,913 $ 3,192,135 $ 3,180,253 Financial liabilities: Deposits Level 2 $ 2,684,181 $ 2,682,737 $ 2,579,675 $ 2,579,011 Sho rt-term borrowings Level 2 180,874 180,874 204,151 204,151 Long-term FHLB advances Level 2 134,651 134,789 189,742 186,863 Subordinated notes Level 2 29,573 30,320 29,532 29,228 Interest rate swaps Level 2 1,946 1,946 — — Risk participation agreements sold Level 2 3 3 Othe r liabilities Level 2 43,701 43,701 37,303 37,303 Total financial liabilities $ 3,074,929 $ 3,074,370 $ 3,040,403 $ 3,036,556 |
Note 2 - Earnings Per Common 44
Note 2 - Earnings Per Common Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Net income available to common shareholders | $ 10,739 | $ 9,374 | $ 29,216 | $ 26,628 |
Denominator for basic earnings per share – weighted average shares outstanding (in shares) | 17,023,046 | 16,860,727 | 16,987,499 | 16,840,457 |
Effect of dilutive common shares (in shares) | 230,936 | 211,631 | 254,728 | 153,998 |
Denominator for diluted earnings per share – adjusted weighted average shares outstanding (in shares) | 17,253,982 | 17,072,358 | 17,242,227 | 16,994,455 |
Basic earnings per share (in dollars per share) | $ 0.63 | $ 0.56 | $ 1.72 | $ 1.58 |
Diluted earnings per share (in dollars per share) | $ 0.62 | $ 0.55 | $ 1.69 | $ 1.57 |
Antidilutive shares excluded from computation of average dilutive earnings per share (in shares) | 21,621 | 47,268 |
Note 3 - Business Combination45
Note 3 - Business Combinations (Details Textual) - USD ($) $ in Thousands | May 24, 2017 | Dec. 31, 2017 |
Hirshorn [Member] | ||
Business Combination, Consideration Transferred | $ 7,460 | |
Payments to Acquire Businesses, Gross | 5,770 | |
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High, Each Installment | 575 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables | $ 192 | |
Royal Bancshares of Pennsylvania, Inc. [Member] | Scenario, Forecast [Member] | ||
Business Combination, Consideration Transferred | $ 127,700 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables | 602,000 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposit Liabilities | $ 630,000 |
Note 3 - Business Combination46
Note 3 - Business Combinations - Assets and Liabilities Assumed (Details) - USD ($) $ in Thousands | May 24, 2017 | Sep. 30, 2017 | Dec. 31, 2016 |
Liabilities assumed: | |||
Goodwill resulting from acquisition of Hirshorn | $ 107,127 | $ 104,765 | |
Hirshorn [Member] | |||
Consideration paid: | |||
Cash paid at closing | $ 5,770 | ||
Contingent payment liability (present value) | 1,690 | ||
Value of consideration | 7,460 | ||
Assets acquired: | |||
Cash operating accounts | 978 | ||
Premises and equipment | 1,795 | ||
Accounts receivable | 192 | ||
Other assets | 27 | ||
Total assets | 5,900 | ||
Liabilities assumed: | |||
Accounts payable | 800 | ||
Other liabilities | 2 | ||
Total liabilities | 802 | ||
Net assets acquired | 5,098 | ||
Goodwill resulting from acquisition of Hirshorn | 2,362 | ||
Hirshorn [Member] | Trade Names [Member] | |||
Assets acquired: | |||
Intangible assets | 195 | ||
Hirshorn [Member] | Customer Relationships [Member] | |||
Assets acquired: | |||
Intangible assets | 2,672 | ||
Hirshorn [Member] | Noncompete Agreements [Member] | |||
Assets acquired: | |||
Intangible assets | $ 41 |
Note 3 - Business Combination47
Note 3 - Business Combinations - Due Diligence, Merger-related and Merger Integration Costs (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Salaries and wages | $ 28 | $ 428 | ||
Employee benefits | 5 | 10 | ||
Advertising | 89 | 108 | ||
Professional fees | 662 | 1,600 | ||
Information technology | 41 | 300 | ||
Other | 25 | 151 | ||
Total due diligence and merger-related expenses | $ 850 | $ 2,597 |
Note 4 - Investment Securitie48
Note 4 - Investment Securities (Details Textual) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Available-for-sale Securities Pledged as Collateral | $ 105,900 | $ 119,400 |
Trading Securities | $ 4,423 | $ 3,888 |
Note 4 - Investment Securitie49
Note 4 - Investment Securities - Amortized Cost and Fair Value of Securities Available for Sale (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Securities available for sale, amortized cost | $ 472,158 | $ 568,890 |
Securities available for sale, gross unrealized gains | 2,016 | 1,669 |
Securities available for sale, gross unrealized losses | (2,453) | (3,563) |
Securities available for sale, fair value | 471,721 | 566,996 |
US Treasury Securities [Member] | ||
Securities available for sale, amortized cost | 100 | 200,094 |
Securities available for sale, gross unrealized gains | 3 | |
Securities available for sale, gross unrealized losses | ||
Securities available for sale, fair value | 100 | 200,097 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale, amortized cost | 143,632 | 83,111 |
Securities available for sale, gross unrealized gains | 175 | 167 |
Securities available for sale, gross unrealized losses | (1,095) | (1,080) |
Securities available for sale, fair value | 142,712 | 82,198 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available for sale, amortized cost | 24,055 | 33,625 |
Securities available for sale, gross unrealized gains | 48 | 26 |
Securities available for sale, gross unrealized losses | (24) | (121) |
Securities available for sale, fair value | 24,079 | 33,530 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available for sale, amortized cost | 259,812 | 185,997 |
Securities available for sale, gross unrealized gains | 1,491 | 1,260 |
Securities available for sale, gross unrealized losses | (622) | (1,306) |
Securities available for sale, fair value | 260,681 | 185,951 |
Collateralized Mortgage Obligations [Member] | ||
Securities available for sale, amortized cost | 40,235 | 49,488 |
Securities available for sale, gross unrealized gains | 56 | 108 |
Securities available for sale, gross unrealized losses | (696) | (902) |
Securities available for sale, fair value | 39,595 | 48,694 |
Other Debt Obligations [Member] | ||
Securities available for sale, amortized cost | 4,324 | 16,575 |
Securities available for sale, gross unrealized gains | 246 | 105 |
Securities available for sale, gross unrealized losses | (16) | (154) |
Securities available for sale, fair value | $ 4,554 | $ 16,526 |
Note 4 - Investment Securitie50
Note 4 - Investment Securities - Securities Available for Sale in an Unrealized Loss Position (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Securities available for sale, less than 12 months, fair value | $ 211,354 | $ 226,288 |
Securities available for sale, less than 12 months, unrealized losses | (1,304) | (3,502) |
Securities available for sale, 12 months or longer, fair value | 51,833 | 11,895 |
Securities available for sale, 12 months or longer, unrealized losses | (1,149) | (61) |
Securities available for sale, fair value | 263,187 | 238,183 |
Securities available for sale, unrealized losses | (2,453) | (3,563) |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 91,172 | 62,211 |
Securities available for sale, less than 12 months, unrealized losses | (726) | (1,080) |
Securities available for sale, 12 months or longer, fair value | 15,631 | |
Securities available for sale, 12 months or longer, unrealized losses | (369) | |
Securities available for sale, fair value | 106,803 | 62,211 |
Securities available for sale, unrealized losses | (1,095) | (1,080) |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 4,207 | 24,482 |
Securities available for sale, less than 12 months, unrealized losses | (15) | (121) |
Securities available for sale, 12 months or longer, fair value | 2,859 | |
Securities available for sale, 12 months or longer, unrealized losses | (9) | |
Securities available for sale, fair value | 7,066 | 24,482 |
Securities available for sale, unrealized losses | (24) | (121) |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 104,579 | 101,433 |
Securities available for sale, less than 12 months, unrealized losses | (447) | (1,306) |
Securities available for sale, 12 months or longer, fair value | 11,444 | |
Securities available for sale, 12 months or longer, unrealized losses | (175) | |
Securities available for sale, fair value | 116,023 | 101,433 |
Securities available for sale, unrealized losses | (622) | (1,306) |
Collateralized Mortgage Obligations [Member] | ||
Securities available for sale, less than 12 months, fair value | 9,916 | 35,959 |
Securities available for sale, less than 12 months, unrealized losses | (100) | (902) |
Securities available for sale, 12 months or longer, fair value | 21,899 | |
Securities available for sale, 12 months or longer, unrealized losses | (596) | |
Securities available for sale, fair value | 31,815 | 35,959 |
Securities available for sale, unrealized losses | (696) | (902) |
Other Debt Obligations [Member] | ||
Securities available for sale, less than 12 months, fair value | 1,480 | 2,203 |
Securities available for sale, less than 12 months, unrealized losses | (16) | (93) |
Securities available for sale, 12 months or longer, fair value | 11,895 | |
Securities available for sale, 12 months or longer, unrealized losses | (61) | |
Securities available for sale, fair value | 1,480 | 14,098 |
Securities available for sale, unrealized losses | $ (16) | $ (154) |
Note 4 - Investment Securitie51
Note 4 - Investment Securities - Securities Available for Sale Classified by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | |
Due in one year or less, amortized cost | $ 11,870 | $ 213,876 | |
Due in one year or less, fair value | 11,873 | 213,885 | |
Due after one year through five years, amortized cost | 98,400 | 40,335 | |
Due after one year through five years, fair value | 97,785 | 40,270 | |
Due after five years through ten years, amortized cost | 42,700 | 45,840 | |
Due after five years through ten years, fair value | 42,342 | 44,914 | |
Due after ten years, amortized cost | 15,917 | 18,079 | |
Due after ten years, fair value | 15,990 | 18,055 | |
Subtotal, amortized cost | 168,887 | 318,130 | |
Subtotal, fair value | 167,990 | 317,124 | |
Total, amortized cost | 472,158 | 568,890 | |
Total, fair value | 471,721 | 566,996 | |
Mortgage-related Securities [Member] | |||
Securities with no stated maturity, amortized cost | [1] | 300,047 | 235,485 |
Securities with no stated maturity, fair value | [1] | 300,276 | 234,644 |
Mutual Funds [Member] | |||
Securities with no stated maturity, amortized cost | 3,224 | 15,275 | |
Securities with no stated maturity, fair value | $ 3,455 | $ 15,228 | |
[1] | Expected maturities of mortgage-related securities may differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. |
Note 4 - Investment Securitie52
Note 4 - Investment Securities - Amortized Cost and Fair Value of Securities Held to Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Held to maturity securities, amortized cost | $ 6,255 | $ 2,879 |
Held to maturity securities, gross unrealized gains | 10 | |
Held to maturity securities, gross unrealized losses | (47) | (61) |
Held to maturity securities, fair value | 6,218 | 2,818 |
Collateralized Mortgage Backed Securities [Member] | ||
Held to maturity securities, amortized cost | 6,255 | 2,879 |
Held to maturity securities, gross unrealized gains | 10 | |
Held to maturity securities, gross unrealized losses | (47) | (61) |
Held to maturity securities, fair value | $ 6,218 | $ 2,818 |
Note 4 - Investment Securitie53
Note 4 - Investment Securities - Securities Held to Maturity in an Unrealized Loss Position (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Held to maturity securities, less than 12 months, fair value | $ 2,194 | $ 2,818 |
Held to maturity securities, less than 12 months, unrealized losses | (5) | (61) |
Held to maturity securities, 12 months or longer, fair value | 2,783 | |
Held to maturity securities, 12 months or longer, unrealized losses | (42) | |
Held to maturity securities, fair value | 4,977 | 2,818 |
Held to maturity securities, unrealized losses | (47) | (61) |
Collateralized Mortgage Backed Securities [Member] | ||
Held to maturity securities, less than 12 months, fair value | 2,194 | 2,818 |
Held to maturity securities, less than 12 months, unrealized losses | (5) | (61) |
Held to maturity securities, 12 months or longer, fair value | 2,783 | |
Held to maturity securities, 12 months or longer, unrealized losses | (42) | |
Held to maturity securities, fair value | 4,977 | 2,818 |
Held to maturity securities, unrealized losses | $ (47) | $ (61) |
Note 4 - Investment Securitie54
Note 4 - Investment Securities - Securities Held to Maturity Classified by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | |
Held to maturity securities, amortized cost | $ 6,255 | $ 2,879 | |
Held to maturity securities, fair value | 6,218 | 2,818 | |
Collateralized Mortgage Backed Securities [Member] | |||
Held to maturity securities, amortized cost | [1] | 6,255 | 2,879 |
Held to maturity securities, fair value | [1] | $ 6,218 | $ 2,818 |
[1] | Expected maturities of mortgage-related securities may differ from contractual maturities as borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. |
Note 5 - Loans and Leases (Deta
Note 5 - Loans and Leases (Details Textual) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2017USD ($) | Sep. 30, 2017USD ($) | Dec. 31, 2016USD ($) | Sep. 30, 2016USD ($) | |||
Loans and Leases Receivable, Purchased Credit Impaired became Non-Performing Subsequent to Acquisition | $ 270 | $ 344 | ||||
Purchased Credit Impaired Loans Without Estimate of Expected Cash Flows Recorded Investment | 274 | 368 | ||||
Financing Receivable, Recorded Investment, Current | [1] | $ 2,668,316 | 2,668,316 | 2,524,036 | ||
Impaired Financing Receivable, Recorded Investment | [2] | 10,528 | 10,528 | 14,174 | $ 15,596 | |
Commercial Portfolio Segment [Member] | ||||||
Financing Receivable, Recorded Investment, Current | [1] | $ 595,618 | $ 595,618 | 576,798 | ||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | 1 | ||||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 63 | $ 63 | ||||
Finance Leases Portfolio Segment [Member] | ||||||
Financing Receivable, Recorded Investment, Current | [1] | 60,341 | 60,341 | 55,492 | ||
Originated Loans [Member] | ||||||
Financing Receivable, Recorded Investment, Current | 2,428,475 | 2,428,475 | 2,233,972 | [3] | ||
Originated Loans [Member] | Commercial Portfolio Segment [Member] | ||||||
Financing Receivable, Recorded Investment, Current | [3] | 572,476 | 572,476 | 549,393 | ||
Originated Loans [Member] | Finance Leases Portfolio Segment [Member] | ||||||
Financing Receivable, Recorded Investment, Current | [3] | 60,341 | 60,341 | 55,492 | ||
Acquired Loans [Member] | ||||||
Financing Receivable, Recorded Investment, Current | [4] | 239,841 | 239,841 | 290,064 | ||
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | ||||||
Financing Receivable, Recorded Investment, Current | [4] | 23,142 | 23,142 | 27,405 | ||
Impaired Loans Without Related Allowance [Member] | Finance Leases Portfolio Segment [Member] | ||||||
Impaired Financing Receivable, Recorded Investment | 270 | 270 | 240 | $ 203 | ||
Administratively Delinquent [Member] | ||||||
Financing Receivable, Recorded Investment, Current | 4,200 | 4,200 | 15,300 | |||
Administratively Delinquent [Member] | Originated Loans [Member] | ||||||
Financing Receivable, Recorded Investment, Current | $ 4,200 | $ 4,200 | 13,500 | |||
Administratively Delinquent [Member] | Acquired Loans [Member] | ||||||
Financing Receivable, Recorded Investment, Current | $ 1,800 | |||||
[1] | Included as "current" are $4.2 million and $15.3 million of loans and leases as of September 30, 2017 and December 31, 2016, respectively, which are classified as Administratively Delinquent. An Administratively Delinquent loan is one which has been approved for a renewal or extension but has not had all the required documents fully executed as of the reporting date. The Corporation does not consider these loans to be delinquent. | |||||
[2] | Recorded investment equals principal balance less partial charge-offs and interest payments on non-performing loans that have been applied to principal. | |||||
[3] | Included as "current" are $4.2 million and $13.5 million of loans and leases as of September 30, 2017 and December 31, 2016, respectively, which are classified as Administratively Delinquent. An Administratively Delinquent loan is one which has been approved for a renewal or extension but has not had all the required documents fully executed as of the reporting date. The Corporation does not consider these loans to be delinquent. | |||||
[4] | Included as "current" is $1.8 million of loans and leases as of December 31, 2016 which are classified as Administratively Delinquent. An Administratively Delinquent loan is one which has been approved for a renewal or extension but has not had all the required documents fully executed as of the reporting date. The Corporation does not consider these loans to be delinquent. |
Note 5 - Loans and Leases - Por
Note 5 - Loans and Leases - Portfolio Loans and Leases (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Loans held for sale | $ 6,327 | $ 9,621 |
Portfolio loans and leases | 2,677,345 | 2,535,425 |
Total loans and leases | 2,683,672 | 2,545,046 |
Loans with fixed rates | 1,141,433 | 1,130,172 |
Loans with adjustable or floating rates | 1,542,239 | 1,414,874 |
Total loans and leases | 2,683,672 | 2,545,046 |
Net deferred loan origination fees included in the above loan table | (718) | (735) |
Real Estate Portfolio Segment [Member] | ||
Portfolio loans and leases | 1,987,574 | 1,874,401 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | ||
Portfolio loans and leases | 1,224,571 | 1,110,898 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Portfolio loans and leases | 206,974 | 207,999 |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | ||
Portfolio loans and leases | 422,524 | 413,540 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Portfolio loans and leases | 133,505 | 141,964 |
Commercial Portfolio Segment [Member] | ||
Portfolio loans and leases | 597,595 | 579,791 |
Consumer Portfolio Segment [Member] | ||
Portfolio loans and leases | 31,306 | 25,341 |
Finance Leases Portfolio Segment [Member] | ||
Portfolio loans and leases | 60,870 | 55,892 |
Originated Loans [Member] | ||
Loans held for sale | 6,327 | 9,621 |
Portfolio loans and leases | 2,433,054 | 2,240,987 |
Total loans and leases | 2,439,381 | 2,250,608 |
Loans with fixed rates | 1,026,646 | 992,917 |
Loans with adjustable or floating rates | 1,412,735 | 1,257,691 |
Total loans and leases | 2,439,381 | 2,250,608 |
Net deferred loan origination fees included in the above loan table | (718) | (735) |
Originated Loans [Member] | Real Estate Portfolio Segment [Member] | ||
Portfolio loans and leases | 1,767,412 | 1,609,561 |
Originated Loans [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | ||
Portfolio loans and leases | 1,089,369 | 946,879 |
Originated Loans [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Portfolio loans and leases | 182,301 | 178,450 |
Originated Loans [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | ||
Portfolio loans and leases | 362,237 | 342,268 |
Originated Loans [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Portfolio loans and leases | 133,505 | 141,964 |
Originated Loans [Member] | Commercial Portfolio Segment [Member] | ||
Portfolio loans and leases | 573,607 | 550,334 |
Originated Loans [Member] | Consumer Portfolio Segment [Member] | ||
Portfolio loans and leases | 31,165 | 25,200 |
Originated Loans [Member] | Finance Leases Portfolio Segment [Member] | ||
Portfolio loans and leases | 60,870 | 55,892 |
Acquired Loans [Member] | ||
Portfolio loans and leases | 244,291 | 294,438 |
Total loans and leases | 244,291 | 294,438 |
Loans with fixed rates | 114,787 | 137,255 |
Loans with adjustable or floating rates | 129,504 | 157,183 |
Total loans and leases | 244,291 | 294,438 |
Acquired Loans [Member] | Real Estate Portfolio Segment [Member] | ||
Portfolio loans and leases | 220,162 | 264,840 |
Acquired Loans [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | ||
Portfolio loans and leases | 135,202 | 164,019 |
Acquired Loans [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Portfolio loans and leases | 24,673 | 29,549 |
Acquired Loans [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | ||
Portfolio loans and leases | 60,287 | 71,272 |
Acquired Loans [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Portfolio loans and leases | ||
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | ||
Portfolio loans and leases | 23,988 | 29,457 |
Acquired Loans [Member] | Consumer Portfolio Segment [Member] | ||
Portfolio loans and leases | 141 | 141 |
Acquired Loans [Member] | Finance Leases Portfolio Segment [Member] | ||
Portfolio loans and leases |
Note 5 - Loans and Leases - Net
Note 5 - Loans and Leases - Net Investments in Leases (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Minimum lease payments receivable | $ 67,561 | $ 62,379 |
Unearned lease income | (8,946) | (8,608) |
Initial direct costs and deferred fees | 2,255 | 2,121 |
Total | $ 60,870 | $ 55,892 |
Note 5 - Loans and Leases - Non
Note 5 - Loans and Leases - Non-performing Loans and Leases (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | |
Non-accrual loans and leases | [1] | $ 4,472 | $ 8,363 |
Originated Loans [Member] | |||
Non-accrual loans and leases | 2,103 | 5,168 | |
Acquired Loans [Member] | |||
Non-accrual loans and leases | [1] | 2,369 | 3,195 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | |||
Non-accrual loans and leases | [1] | 193 | 320 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Originated Loans [Member] | |||
Non-accrual loans and leases | 144 | 265 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Acquired Loans [Member] | |||
Non-accrual loans and leases | [1] | 49 | 55 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||
Non-accrual loans and leases | [1] | 613 | 2,289 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | |||
Non-accrual loans and leases | 270 | 2,169 | |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | |||
Non-accrual loans and leases | [1] | 343 | 120 |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||
Non-accrual loans and leases | [1] | 1,589 | 2,658 |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | |||
Non-accrual loans and leases | 458 | 1,654 | |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | |||
Non-accrual loans and leases | [1] | 1,131 | 1,004 |
Commercial Portfolio Segment [Member] | |||
Non-accrual loans and leases | [1] | 1,977 | 2,957 |
Commercial Portfolio Segment [Member] | Originated Loans [Member] | |||
Non-accrual loans and leases | 1,131 | 941 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | |||
Non-accrual loans and leases | [1] | 846 | 2,016 |
Consumer Portfolio Segment [Member] | |||
Non-accrual loans and leases | [1] | 2 | |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||
Non-accrual loans and leases | 2 | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||
Non-accrual loans and leases | |||
Finance Leases Portfolio Segment [Member] | |||
Non-accrual loans and leases | [1] | 100 | 137 |
Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | |||
Non-accrual loans and leases | $ 100 | $ 137 | |
[1] | Purchased credit-impaired loans, which have been recorded at their fair values at acquisition, and which are performing, are excluded from this table, with the exception of $270 thousand and $344 thousand of purchased credit-impaired loans as of September 30, 2017 and December 31, 2016, respectively, which became non-performing subsequent to acquisition. |
Note 5 - Loans and Leases - Pur
Note 5 - Loans and Leases - Purchased Credit-Impaired Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | |
Outstanding principal balance | $ 15,149 | $ 18,091 | |
Carrying amount(1) | [1] | $ 10,380 | $ 12,432 |
[1] | Includes $274 thousand and $368 thousand of purchased credit-impaired loans as of September 30, 2017 and December 31, 2016, respectively, for which the Corporation could not estimate the timing or amount of expected cash flows to be collected at acquisition, and for which no accretable yield is recognized. Additionally, the table above includes $270 thousand and $344 thousand of purchased credit-impaired loans as of September 30, 2017 and December 31, 2016, respectively, which became non-performing subsequent to acquisition, which are disclosed in Note 5C, above, and which also have no accretable yield. |
Note 5 - Loans and Leases - Acc
Note 5 - Loans and Leases - Accretable Discount on Purchased Credit-impaired Loans (Details) $ in Thousands | 9 Months Ended |
Sep. 30, 2017USD ($) | |
Balance | $ 3,233 |
Accretion | (1,553) |
Reclassifications from nonaccretable difference | |
Additions/adjustments | 666 |
Disposals | |
Balance | $ 2,346 |
Note 5 - Loans and Leases - Pas
Note 5 - Loans and Leases - Past Due Loans and Leases (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | ||
Loans and leases, past due | $ 4,557 | $ 3,026 | ||
Loans and leases, current | [1] | 2,668,316 | 2,524,036 | |
Loans and leases, accruing | 2,672,873 | 2,527,062 | ||
Non-accrual loans and leases | [2] | 4,472 | 8,363 | |
Portfolio loans and leases | 2,677,345 | 2,535,425 | ||
Originated Loans [Member] | ||||
Loans and leases, past due | 2,476 | 1,848 | ||
Loans and leases, current | 2,428,475 | 2,233,972 | [3] | |
Loans and leases, accruing | 2,430,951 | 2,235,820 | ||
Non-accrual loans and leases | 2,103 | 5,168 | ||
Portfolio loans and leases | 2,433,054 | 2,240,987 | ||
Acquired Loans [Member] | ||||
Loans and leases, past due | 2,081 | 1,178 | ||
Loans and leases, current | [4] | 239,841 | 290,064 | |
Loans and leases, accruing | 241,922 | 291,242 | ||
Non-accrual loans and leases | [2] | 2,369 | 3,195 | |
Portfolio loans and leases | 244,291 | 294,438 | ||
Real Estate Portfolio Segment [Member] | ||||
Portfolio loans and leases | 1,987,574 | 1,874,401 | ||
Real Estate Portfolio Segment [Member] | Originated Loans [Member] | ||||
Portfolio loans and leases | 1,767,412 | 1,609,561 | ||
Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | ||||
Portfolio loans and leases | 220,162 | 264,840 | ||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | ||||
Loans and leases, past due | 525 | 1,388 | ||
Loans and leases, current | [1] | 1,223,853 | 1,109,190 | |
Loans and leases, accruing | 1,224,378 | 1,110,578 | ||
Non-accrual loans and leases | [2] | 193 | 320 | |
Portfolio loans and leases | 1,224,571 | 1,110,898 | ||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 398 | 722 | ||
Loans and leases, current | [3] | 1,088,827 | 945,892 | |
Loans and leases, accruing | 1,089,225 | 946,614 | ||
Non-accrual loans and leases | 144 | 265 | ||
Portfolio loans and leases | 1,089,369 | 946,879 | ||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | 127 | 666 | ||
Loans and leases, current | [4] | 135,026 | 163,298 | |
Loans and leases, accruing | 135,153 | 163,964 | ||
Non-accrual loans and leases | [2] | 49 | 55 | |
Portfolio loans and leases | 135,202 | 164,019 | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||||
Loans and leases, past due | 11 | |||
Loans and leases, current | [1] | 206,361 | 205,699 | |
Loans and leases, accruing | 206,361 | 205,710 | ||
Non-accrual loans and leases | [2] | 613 | 2,289 | |
Portfolio loans and leases | 206,974 | 207,999 | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 11 | |||
Loans and leases, current | [3] | 182,031 | 176,270 | |
Loans and leases, accruing | 182,031 | 176,281 | ||
Non-accrual loans and leases | 270 | 2,169 | ||
Portfolio loans and leases | 182,301 | 178,450 | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | ||||
Loans and leases, current | [4] | 24,330 | 29,429 | |
Loans and leases, accruing | 24,330 | 29,429 | ||
Non-accrual loans and leases | [2] | 343 | 120 | |
Portfolio loans and leases | 24,673 | 29,549 | ||
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | ||||
Loans and leases, past due | 3,465 | 1,313 | ||
Loans and leases, current | [1] | 417,470 | 409,569 | |
Loans and leases, accruing | 420,935 | 410,882 | ||
Non-accrual loans and leases | [2] | 1,589 | 2,658 | |
Portfolio loans and leases | 422,524 | 413,540 | ||
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 1,511 | 837 | ||
Loans and leases, current | [3] | 360,268 | 339,778 | |
Loans and leases, accruing | 361,779 | 340,615 | ||
Non-accrual loans and leases | 458 | 1,654 | ||
Portfolio loans and leases | 362,237 | 342,268 | ||
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | 1,954 | 476 | ||
Loans and leases, current | [4] | 57,202 | 69,791 | |
Loans and leases, accruing | 59,156 | 70,267 | ||
Non-accrual loans and leases | [2] | 1,131 | 1,004 | |
Portfolio loans and leases | 60,287 | 71,272 | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||
Loans and leases, past due | 116 | |||
Loans and leases, current | [1] | 133,389 | 141,964 | |
Loans and leases, accruing | 133,505 | 141,964 | ||
Non-accrual loans and leases | ||||
Portfolio loans and leases | 133,505 | 141,964 | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 116 | |||
Loans and leases, current | [3] | 133,389 | 141,964 | |
Loans and leases, accruing | 133,505 | 141,964 | ||
Non-accrual loans and leases | ||||
Portfolio loans and leases | 133,505 | 141,964 | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Acquired Loans [Member] | ||||
Portfolio loans and leases | ||||
Commercial Portfolio Segment [Member] | ||||
Loans and leases, past due | 36 | |||
Loans and leases, current | [1] | 595,618 | 576,798 | |
Loans and leases, accruing | 595,618 | 576,834 | ||
Non-accrual loans and leases | [2] | 1,977 | 2,957 | |
Portfolio loans and leases | 597,595 | 579,791 | ||
Commercial Portfolio Segment [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | ||||
Loans and leases, current | [3] | 572,476 | 549,393 | |
Loans and leases, accruing | 572,476 | 549,393 | ||
Non-accrual loans and leases | 1,131 | 941 | ||
Portfolio loans and leases | 573,607 | 550,334 | ||
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | 36 | |||
Loans and leases, current | [4] | 23,142 | 27,405 | |
Loans and leases, accruing | 23,142 | 27,441 | ||
Non-accrual loans and leases | [2] | 846 | 2,016 | |
Portfolio loans and leases | 23,988 | 29,457 | ||
Consumer Portfolio Segment [Member] | ||||
Loans and leases, past due | 22 | 15 | ||
Loans and leases, current | [1] | 31,284 | 25,324 | |
Loans and leases, accruing | 31,306 | 25,339 | ||
Non-accrual loans and leases | [2] | 2 | ||
Portfolio loans and leases | 31,306 | 25,341 | ||
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 22 | 15 | ||
Loans and leases, current | [3] | 31,143 | 25,183 | |
Loans and leases, accruing | 31,165 | 25,198 | ||
Non-accrual loans and leases | 2 | |||
Portfolio loans and leases | 31,165 | 25,200 | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | ||||
Loans and leases, current | [4] | 141 | 141 | |
Loans and leases, accruing | 141 | 141 | ||
Non-accrual loans and leases | ||||
Portfolio loans and leases | 141 | 141 | ||
Finance Leases Portfolio Segment [Member] | ||||
Loans and leases, past due | 429 | 263 | ||
Loans and leases, current | [1] | 60,341 | 55,492 | |
Loans and leases, accruing | 60,770 | 55,755 | ||
Non-accrual loans and leases | [2] | 100 | 137 | |
Portfolio loans and leases | 60,870 | 55,892 | ||
Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 429 | 263 | ||
Loans and leases, current | [3] | 60,341 | 55,492 | |
Loans and leases, accruing | 60,770 | 55,755 | ||
Non-accrual loans and leases | 100 | 137 | ||
Portfolio loans and leases | 60,870 | 55,892 | ||
Finance Leases Portfolio Segment [Member] | Acquired Loans [Member] | ||||
Portfolio loans and leases | ||||
Financing Receivables, 30 to 59 Days Past Due [Member] | ||||
Loans and leases, past due | 2,451 | 1,723 | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 2,227 | 971 | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | 224 | 752 | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | ||||
Loans and leases, past due | 525 | 666 | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 398 | |||
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | 127 | 666 | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||||
Loans and leases, past due | 11 | |||
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 11 | |||
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | ||||
Loans and leases, past due | 1,608 | 823 | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 1,511 | 773 | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | 97 | 50 | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||||
Loans and leases, past due | 36 | |||
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | 36 | |||
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||||
Loans and leases, past due | 22 | 10 | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 22 | 10 | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, 30 to 59 Days Past Due [Member] | Finance Leases Portfolio Segment [Member] | ||||
Loans and leases, past due | 296 | 177 | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 296 | 177 | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | ||||
Loans and leases, past due | 2,106 | 1,303 | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 249 | 877 | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | 1,857 | 426 | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | ||||
Loans and leases, past due | 722 | |||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 722 | |||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | ||||
Loans and leases, past due | 1,857 | 490 | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 64 | |||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | 1,857 | 426 | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||
Loans and leases, past due | 116 | |||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 116 | |||
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||||
Loans and leases, past due | 5 | |||
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 5 | |||
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, 60 to 89 Days Past Due [Member] | Finance Leases Portfolio Segment [Member] | ||||
Loans and leases, past due | 133 | 86 | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | 133 | 86 | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Finance Leases Portfolio Segment [Member] | ||||
Loans and leases, past due | ||||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | ||||
Loans and leases, past due | ||||
[1] | Included as "current" are $4.2 million and $15.3 million of loans and leases as of September 30, 2017 and December 31, 2016, respectively, which are classified as Administratively Delinquent. An Administratively Delinquent loan is one which has been approved for a renewal or extension but has not had all the required documents fully executed as of the reporting date. The Corporation does not consider these loans to be delinquent. | |||
[2] | Purchased credit-impaired loans, which have been recorded at their fair values at acquisition, and which are performing, are excluded from this table, with the exception of $270 thousand and $344 thousand of purchased credit-impaired loans as of September 30, 2017 and December 31, 2016, respectively, which became non-performing subsequent to acquisition. | |||
[3] | Included as "current" are $4.2 million and $13.5 million of loans and leases as of September 30, 2017 and December 31, 2016, respectively, which are classified as Administratively Delinquent. An Administratively Delinquent loan is one which has been approved for a renewal or extension but has not had all the required documents fully executed as of the reporting date. The Corporation does not consider these loans to be delinquent. | |||
[4] | Included as "current" is $1.8 million of loans and leases as of December 31, 2016 which are classified as Administratively Delinquent. An Administratively Delinquent loan is one which has been approved for a renewal or extension but has not had all the required documents fully executed as of the reporting date. The Corporation does not consider these loans to be delinquent. |
Note 5 - Loans and Leases - All
Note 5 - Loans and Leases - Allowance for Loan and Leases Losses Activity (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Balance | $ 16,399 | $ 17,036 | $ 17,486 | $ 15,857 |
Charge-offs | (906) | (822) | (2,414) | (1,798) |
Recoveries | 178 | 118 | 391 | 418 |
Provision for loan and lease losses | 1,333 | 1,412 | 1,541 | 3,267 |
Balance | 17,004 | 17,744 | 17,004 | 17,744 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | ||||
Balance | 6,608 | 6,021 | 6,227 | 5,199 |
Charge-offs | (110) | |||
Recoveries | 3 | 4 | 9 | 10 |
Provision for loan and lease losses | 721 | 224 | 1,096 | 1,170 |
Balance | 7,332 | 6,269 | 7,332 | 6,269 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||||
Balance | 1,214 | 1,185 | 1,255 | 1,307 |
Charge-offs | (69) | (402) | (676) | (488) |
Recoveries | 27 | 31 | ||
Provision for loan and lease losses | (53) | 402 | 513 | 362 |
Balance | 1,092 | 1,212 | 1,092 | 1,212 |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | ||||
Balance | 1,776 | 1,949 | 1,917 | 1,740 |
Charge-offs | (88) | (4) | (158) | (275) |
Recoveries | 85 | 2 | 85 | 46 |
Provision for loan and lease losses | 48 | 44 | (23) | 480 |
Balance | 1,821 | 1,991 | 1,821 | 1,991 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||
Balance | 1,111 | 2,144 | 2,233 | 1,324 |
Charge-offs | ||||
Recoveries | 1 | 3 | 63 | |
Provision for loan and lease losses | (182) | (28) | (1,306) | 729 |
Balance | 930 | 2,116 | 930 | 2,116 |
Commercial Portfolio Segment [Member] | ||||
Balance | 4,813 | 5,045 | 5,142 | 5,609 |
Charge-offs | (301) | (112) | (560) | (144) |
Recoveries | 2 | 16 | 18 | 67 |
Provision for loan and lease losses | 366 | 500 | 280 | (83) |
Balance | 4,880 | 5,449 | 4,880 | 5,449 |
Consumer Portfolio Segment [Member] | ||||
Balance | 177 | 127 | 153 | 142 |
Charge-offs | (37) | (64) | (96) | (131) |
Recoveries | 1 | 7 | 5 | 23 |
Provision for loan and lease losses | 69 | 74 | 148 | 110 |
Balance | 210 | 144 | 210 | 144 |
Finance Leases Portfolio Segment [Member] | ||||
Balance | 700 | 565 | 559 | 518 |
Charge-offs | (411) | (240) | (924) | (650) |
Recoveries | 86 | 62 | 271 | 178 |
Provision for loan and lease losses | 364 | 176 | 833 | 517 |
Balance | 739 | 563 | 739 | 563 |
Unallocated Financing Receivables [Member] | ||||
Balance | 18 | |||
Charge-offs | ||||
Recoveries | ||||
Provision for loan and lease losses | (18) | |||
Balance |
Note 5 - Loans and Leases - A63
Note 5 - Loans and Leases - Allowance for Loan and Lease Losses by Method of Impairment (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | |
Individually evaluated for impairment | $ 123 | $ 86 | |||||
Collectively evaluated for impairment | 16,881 | 17,400 | |||||
Allowance on loans and leases | 17,004 | $ 16,399 | 17,486 | $ 17,744 | $ 17,036 | $ 15,857 | |
Individually evaluated for impairment | 10,529 | 14,173 | |||||
Collectively evaluated for impairment | 2,656,436 | 2,508,820 | |||||
Purchased credit-impaired(1) | [1] | 10,380 | 12,432 | ||||
Total portfolio loans and leases | 2,677,345 | 2,535,425 | |||||
Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance on loans and leases | [1] | ||||||
Originated Loans [Member] | |||||||
Individually evaluated for impairment | 76 | 58 | |||||
Collectively evaluated for impairment | 16,881 | 17,400 | |||||
Allowance on loans and leases | 16,957 | 17,458 | |||||
Individually evaluated for impairment | 6,255 | 9,172 | |||||
Collectively evaluated for impairment | 2,426,799 | 2,231,815 | |||||
Total portfolio loans and leases | 2,433,054 | 2,240,987 | |||||
Acquired Loans [Member] | |||||||
Individually evaluated for impairment | 47 | 28 | |||||
Allowance on loans and leases | 47 | 28 | |||||
Individually evaluated for impairment | 4,274 | 5,001 | |||||
Collectively evaluated for impairment | 229,637 | 277,005 | |||||
Purchased credit-impaired(1) | [1] | 10,380 | 12,432 | ||||
Total portfolio loans and leases | 244,291 | 294,438 | |||||
Commercial Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | |||||||
Individually evaluated for impairment | |||||||
Collectively evaluated for impairment | 7,332 | 6,227 | |||||
Allowance on loans and leases | 7,332 | 6,227 | |||||
Commercial Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance on loans and leases | [1] | ||||||
Commercial Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Originated Loans [Member] | |||||||
Individually evaluated for impairment | |||||||
Collectively evaluated for impairment | 7,332 | 6,227 | |||||
Allowance on loans and leases | 7,332 | 6,227 | |||||
Commercial Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||||||
Individually evaluated for impairment | 3 | ||||||
Collectively evaluated for impairment | 1,089 | 1,255 | |||||
Allowance on loans and leases | 1,092 | 1,255 | |||||
Commercial Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance on loans and leases | [1] | ||||||
Commercial Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | |||||||
Individually evaluated for impairment | 3 | ||||||
Collectively evaluated for impairment | 1,089 | 1,255 | |||||
Allowance on loans and leases | 1,092 | 1,255 | |||||
Commercial Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||||||
Individually evaluated for impairment | 116 | 73 | |||||
Collectively evaluated for impairment | 1,705 | 1,844 | |||||
Allowance on loans and leases | 1,821 | 1,917 | |||||
Commercial Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance on loans and leases | [1] | ||||||
Commercial Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | |||||||
Individually evaluated for impairment | 69 | 45 | |||||
Collectively evaluated for impairment | 1,705 | 1,844 | |||||
Allowance on loans and leases | 1,774 | 1,889 | |||||
Commercial Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | |||||||
Individually evaluated for impairment | 47 | 28 | |||||
Allowance on loans and leases | 47 | 28 | |||||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||||||
Individually evaluated for impairment | |||||||
Collectively evaluated for impairment | 930 | 2,233 | |||||
Allowance on loans and leases | 930 | 2,233 | |||||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance on loans and leases | [1] | ||||||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Originated Loans [Member] | |||||||
Individually evaluated for impairment | |||||||
Collectively evaluated for impairment | 930 | 2,233 | |||||
Allowance on loans and leases | 930 | 2,233 | |||||
Commercial Portfolio Segment [Member] | |||||||
Individually evaluated for impairment | 5 | ||||||
Collectively evaluated for impairment | 4,880 | 5,137 | |||||
Allowance on loans and leases | 4,880 | 4,813 | 5,142 | 5,449 | 5,045 | 5,609 | |
Individually evaluated for impairment | 1,940 | 2,946 | |||||
Collectively evaluated for impairment | 594,260 | 575,055 | |||||
Purchased credit-impaired(1) | [1] | 1,395 | 1,790 | ||||
Total portfolio loans and leases | 597,595 | 579,791 | |||||
Commercial Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance on loans and leases | [1] | ||||||
Commercial Portfolio Segment [Member] | Originated Loans [Member] | |||||||
Individually evaluated for impairment | 5 | ||||||
Collectively evaluated for impairment | 4,880 | 5,137 | |||||
Allowance on loans and leases | 4,880 | 5,142 | |||||
Individually evaluated for impairment | 1,287 | 1,190 | |||||
Collectively evaluated for impairment | 572,319 | 549,144 | |||||
Total portfolio loans and leases | 573,607 | 550,334 | |||||
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | |||||||
Individually evaluated for impairment | 653 | 1,756 | |||||
Collectively evaluated for impairment | 21,941 | 25,911 | |||||
Purchased credit-impaired(1) | [1] | 1,395 | 1,790 | ||||
Total portfolio loans and leases | 23,988 | 29,457 | |||||
Consumer Portfolio Segment [Member] | |||||||
Individually evaluated for impairment | 4 | 8 | |||||
Collectively evaluated for impairment | 206 | 145 | |||||
Allowance on loans and leases | 210 | 177 | 153 | 144 | 127 | 142 | |
Individually evaluated for impairment | 27 | 31 | |||||
Collectively evaluated for impairment | 31,279 | 25,310 | |||||
Purchased credit-impaired(1) | [1] | ||||||
Total portfolio loans and leases | 31,306 | 25,341 | |||||
Consumer Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance on loans and leases | [1] | ||||||
Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||||||
Individually evaluated for impairment | 4 | 8 | |||||
Collectively evaluated for impairment | 206 | 145 | |||||
Allowance on loans and leases | 210 | 153 | |||||
Individually evaluated for impairment | 27 | 31 | |||||
Collectively evaluated for impairment | 31,139 | 25,169 | |||||
Total portfolio loans and leases | 31,165 | 25,200 | |||||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||||||
Individually evaluated for impairment | |||||||
Collectively evaluated for impairment | 140 | 141 | |||||
Purchased credit-impaired(1) | [1] | ||||||
Total portfolio loans and leases | 141 | 141 | |||||
Finance Leases Portfolio Segment [Member] | |||||||
Individually evaluated for impairment | |||||||
Collectively evaluated for impairment | 739 | 559 | |||||
Allowance on loans and leases | 739 | 700 | 559 | 563 | 565 | 518 | |
Individually evaluated for impairment | |||||||
Collectively evaluated for impairment | 60,870 | 55,892 | |||||
Purchased credit-impaired(1) | [1] | ||||||
Total portfolio loans and leases | 60,870 | 55,892 | |||||
Finance Leases Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance on loans and leases | [1] | ||||||
Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | |||||||
Individually evaluated for impairment | |||||||
Collectively evaluated for impairment | 739 | 559 | |||||
Allowance on loans and leases | 739 | 559 | |||||
Individually evaluated for impairment | |||||||
Collectively evaluated for impairment | 60,870 | 55,892 | |||||
Total portfolio loans and leases | 60,870 | 55,892 | |||||
Finance Leases Portfolio Segment [Member] | Acquired Loans [Member] | |||||||
Individually evaluated for impairment | |||||||
Collectively evaluated for impairment | |||||||
Purchased credit-impaired(1) | [1] | ||||||
Total portfolio loans and leases | |||||||
Unallocated Financing Receivables [Member] | |||||||
Individually evaluated for impairment | |||||||
Collectively evaluated for impairment | |||||||
Allowance on loans and leases | 18 | ||||||
Unallocated Financing Receivables [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||||
Allowance on loans and leases | [1] | ||||||
Unallocated Financing Receivables [Member] | Originated Loans [Member] | |||||||
Individually evaluated for impairment | |||||||
Collectively evaluated for impairment | |||||||
Allowance on loans and leases | |||||||
Real Estate Portfolio Segment [Member] | |||||||
Total portfolio loans and leases | 1,987,574 | 1,874,401 | |||||
Real Estate Portfolio Segment [Member] | Originated Loans [Member] | |||||||
Total portfolio loans and leases | 1,767,412 | 1,609,561 | |||||
Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | |||||||
Total portfolio loans and leases | 220,162 | 264,840 | |||||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | |||||||
Allowance on loans and leases | 7,332 | 6,608 | 6,227 | 6,269 | 6,021 | 5,199 | |
Individually evaluated for impairment | 1,449 | 1,576 | |||||
Collectively evaluated for impairment | 1,214,225 | 1,098,788 | |||||
Purchased credit-impaired(1) | [1] | 8,897 | 10,534 | ||||
Total portfolio loans and leases | 1,224,571 | 1,110,898 | |||||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Originated Loans [Member] | |||||||
Individually evaluated for impairment | 1,400 | 1,521 | |||||
Collectively evaluated for impairment | 1,087,969 | 945,358 | |||||
Total portfolio loans and leases | 1,089,369 | 946,879 | |||||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Acquired Loans [Member] | |||||||
Individually evaluated for impairment | 49 | 55 | |||||
Collectively evaluated for impairment | 126,256 | 153,430 | |||||
Purchased credit-impaired(1) | [1] | 8,897 | 10,534 | ||||
Total portfolio loans and leases | 135,202 | 164,019 | |||||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||||||
Allowance on loans and leases | 1,092 | 1,214 | 1,255 | 1,212 | 1,185 | 1,307 | |
Individually evaluated for impairment | 654 | 2,354 | |||||
Collectively evaluated for impairment | 206,232 | 205,540 | |||||
Purchased credit-impaired(1) | [1] | 88 | 105 | ||||
Total portfolio loans and leases | 206,974 | 207,999 | |||||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | |||||||
Individually evaluated for impairment | 388 | 2,319 | |||||
Collectively evaluated for impairment | 181,913 | 176,131 | |||||
Total portfolio loans and leases | 182,301 | 178,450 | |||||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | |||||||
Individually evaluated for impairment | 266 | 35 | |||||
Collectively evaluated for impairment | 24,319 | 29,409 | |||||
Purchased credit-impaired(1) | [1] | 88 | 105 | ||||
Total portfolio loans and leases | 24,673 | 29,549 | |||||
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||||||
Allowance on loans and leases | 1,821 | 1,776 | 1,917 | 1,991 | 1,949 | 1,740 | |
Individually evaluated for impairment | 6,459 | 7,266 | |||||
Collectively evaluated for impairment | 416,065 | 406,271 | |||||
Purchased credit-impaired(1) | [1] | 3 | |||||
Total portfolio loans and leases | 422,524 | 413,540 | |||||
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | |||||||
Individually evaluated for impairment | 3,153 | 4,111 | |||||
Collectively evaluated for impairment | 359,084 | 338,157 | |||||
Total portfolio loans and leases | 362,237 | 342,268 | |||||
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | |||||||
Individually evaluated for impairment | 3,306 | 3,155 | |||||
Collectively evaluated for impairment | 56,981 | 68,114 | |||||
Purchased credit-impaired(1) | [1] | 3 | |||||
Total portfolio loans and leases | 60,287 | 71,272 | |||||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||||||
Allowance on loans and leases | 930 | $ 1,111 | 2,233 | $ 2,116 | $ 2,144 | $ 1,324 | |
Individually evaluated for impairment | |||||||
Collectively evaluated for impairment | 133,505 | 141,964 | |||||
Purchased credit-impaired(1) | [1] | ||||||
Total portfolio loans and leases | 133,505 | 141,964 | |||||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Originated Loans [Member] | |||||||
Individually evaluated for impairment | |||||||
Collectively evaluated for impairment | 133,505 | 141,964 | |||||
Total portfolio loans and leases | 133,505 | 141,964 | |||||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Acquired Loans [Member] | |||||||
Individually evaluated for impairment | |||||||
Collectively evaluated for impairment | |||||||
Purchased credit-impaired(1) | [1] | ||||||
Total portfolio loans and leases | |||||||
[1] | Purchased credit-impaired loans are evaluated for impairment on an individual basis. |
Note 5 - Loans and Leases - Cre
Note 5 - Loans and Leases - Credit Risk Profile by Internally Assigned Grade (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Portfolio loans and leases | $ 2,677,345 | $ 2,535,425 |
Originated Loans [Member] | ||
Portfolio loans and leases | 2,433,054 | 2,240,987 |
Acquired Loans [Member] | ||
Portfolio loans and leases | 244,291 | 294,438 |
Pass [Member] | ||
Portfolio loans and leases | 1,936,932 | 1,810,269 |
Pass [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 1,782,012 | 1,621,983 |
Pass [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 154,920 | 188,286 |
Special Mention [Member] | ||
Portfolio loans and leases | 1,332 | 4,207 |
Special Mention [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 1,332 | 4,171 |
Special Mention [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 36 | |
Substandard [Member] | ||
Portfolio loans and leases | 16,888 | 16,555 |
Substandard [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 12,783 | 12,898 |
Substandard [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 4,105 | 3,657 |
Doubtful [Member] | ||
Portfolio loans and leases | 519 | 1,622 |
Doubtful [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 354 | 125 |
Doubtful [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 165 | 1,497 |
Pass, Special Mention and Substandard [Member] | ||
Portfolio loans and leases | 1,955,671 | 1,832,653 |
Pass, Special Mention and Substandard [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 1,796,481 | 1,639,177 |
Pass, Special Mention and Substandard [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 159,190 | 193,476 |
Real Estate Portfolio Segment [Member] | ||
Portfolio loans and leases | 1,987,574 | 1,874,401 |
Real Estate Portfolio Segment [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 1,767,412 | 1,609,561 |
Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 220,162 | 264,840 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | ||
Portfolio loans and leases | 1,224,571 | 1,110,898 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 1,089,369 | 946,879 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 135,202 | 164,019 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Pass [Member] | ||
Portfolio loans and leases | 1,215,039 | 1,099,557 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Pass [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 1,081,187 | 936,737 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Pass [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 133,852 | 162,820 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Special Mention [Member] | ||
Portfolio loans and leases | 1,892 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Special Mention [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 1,892 | |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Special Mention [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | ||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Substandard [Member] | ||
Portfolio loans and leases | 9,532 | 9,449 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Substandard [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 8,182 | 8,250 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Substandard [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 1,350 | 1,199 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Doubtful [Member] | ||
Portfolio loans and leases | ||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Doubtful [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | ||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Doubtful [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | ||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Pass, Special Mention and Substandard [Member] | ||
Portfolio loans and leases | 1,224,571 | 1,110,898 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Pass, Special Mention and Substandard [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 1,089,369 | 946,879 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | Pass, Special Mention and Substandard [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 135,202 | 164,019 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Portfolio loans and leases | 133,505 | 141,964 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 133,505 | 141,964 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | ||
Portfolio loans and leases | 130,398 | 140,370 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 130,398 | 140,370 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | ||
Portfolio loans and leases | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | ||
Portfolio loans and leases | 3,107 | 1,594 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 3,107 | 1,594 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | ||
Portfolio loans and leases | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass, Special Mention and Substandard [Member] | ||
Portfolio loans and leases | 133,505 | 141,964 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass, Special Mention and Substandard [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 133,505 | 141,964 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass, Special Mention and Substandard [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | ||
Commercial Portfolio Segment [Member] | ||
Portfolio loans and leases | 597,595 | 579,791 |
Commercial Portfolio Segment [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 573,607 | 550,334 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 23,988 | 29,457 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Portfolio loans and leases | 591,495 | 570,342 |
Commercial Portfolio Segment [Member] | Pass [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 570,427 | 544,876 |
Commercial Portfolio Segment [Member] | Pass [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 21,068 | 25,466 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Portfolio loans and leases | 1,332 | 2,315 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 1,332 | 2,279 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 36 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Portfolio loans and leases | 4,249 | 5,512 |
Commercial Portfolio Segment [Member] | Substandard [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 1,494 | 3,054 |
Commercial Portfolio Segment [Member] | Substandard [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 2,755 | 2,458 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Portfolio loans and leases | 519 | 1,622 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 354 | 125 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 165 | 1,497 |
Commercial Portfolio Segment [Member] | Pass, Special Mention and Substandard [Member] | ||
Portfolio loans and leases | 597,595 | 579,791 |
Commercial Portfolio Segment [Member] | Pass, Special Mention and Substandard [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 573,607 | 550,334 |
Commercial Portfolio Segment [Member] | Pass, Special Mention and Substandard [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | $ 23,988 | $ 29,457 |
Note 5 - Loans and Leases - C65
Note 5 - Loans and Leases - Credit Risk Profile by Payment Activity (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Portfolio loans and leases | $ 2,677,345 | $ 2,535,425 |
Originated Loans [Member] | ||
Portfolio loans and leases | 2,433,054 | 2,240,987 |
Acquired Loans [Member] | ||
Portfolio loans and leases | 244,291 | 294,438 |
Real Estate Portfolio Segment [Member] | ||
Portfolio loans and leases | 1,987,574 | 1,874,401 |
Real Estate Portfolio Segment [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 1,767,412 | 1,609,561 |
Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 220,162 | 264,840 |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | ||
Portfolio loans and leases | 422,524 | 413,540 |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 362,237 | 342,268 |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 60,287 | 71,272 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Portfolio loans and leases | 206,974 | 207,999 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 182,301 | 178,450 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 24,673 | 29,549 |
Consumer Portfolio Segment [Member] | ||
Portfolio loans and leases | 31,306 | 25,341 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 31,165 | 25,200 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 141 | 141 |
Finance Leases Portfolio Segment [Member] | ||
Portfolio loans and leases | 60,870 | 55,892 |
Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 60,870 | 55,892 |
Finance Leases Portfolio Segment [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | ||
Performing Financial Instruments [Member] | ||
Portfolio loans and leases | 719,372 | 697,686 |
Performing Financial Instruments [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 635,745 | 597,849 |
Performing Financial Instruments [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 83,627 | 99,837 |
Performing Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | ||
Portfolio loans and leases | 420,935 | 410,882 |
Performing Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 361,779 | 340,615 |
Performing Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 59,156 | 70,267 |
Performing Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Portfolio loans and leases | 206,361 | 205,710 |
Performing Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 182,031 | 176,281 |
Performing Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 24,330 | 29,429 |
Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | ||
Portfolio loans and leases | 31,606 | 25,339 |
Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 31,165 | 25,198 |
Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 141 | 141 |
Performing Financial Instruments [Member] | Finance Leases Portfolio Segment [Member] | ||
Portfolio loans and leases | 60,770 | 55,755 |
Performing Financial Instruments [Member] | Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 60,770 | 55,755 |
Nonperforming Financial Instruments [Member] | ||
Portfolio loans and leases | 2,302 | 5,086 |
Nonperforming Financial Instruments [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 828 | 3,961 |
Nonperforming Financial Instruments [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 1,474 | 1,125 |
Nonperforming Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | ||
Portfolio loans and leases | 1,589 | 2,658 |
Nonperforming Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 458 | 1,653 |
Nonperforming Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 1,131 | 1,005 |
Nonperforming Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Portfolio loans and leases | 613 | 2,289 |
Nonperforming Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 270 | 2,169 |
Nonperforming Financial Instruments [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 343 | 120 |
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | ||
Portfolio loans and leases | 2 | |
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 2 | |
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | ||
Nonperforming Financial Instruments [Member] | Finance Leases Portfolio Segment [Member] | ||
Portfolio loans and leases | 100 | 137 |
Nonperforming Financial Instruments [Member] | Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 100 | 137 |
Performing and Non-performing [Member] | ||
Portfolio loans and leases | 721,674 | 702,772 |
Performing and Non-performing [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 636,573 | 601,810 |
Performing and Non-performing [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 85,101 | 100,962 |
Performing and Non-performing [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | ||
Portfolio loans and leases | 422,524 | 413,540 |
Performing and Non-performing [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 362,237 | 342,268 |
Performing and Non-performing [Member] | Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 60,287 | 71,272 |
Performing and Non-performing [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Portfolio loans and leases | 206,974 | 207,999 |
Performing and Non-performing [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 182,301 | 178,450 |
Performing and Non-performing [Member] | Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 24,673 | 29,549 |
Performing and Non-performing [Member] | Consumer Portfolio Segment [Member] | ||
Portfolio loans and leases | 31,606 | 25,341 |
Performing and Non-performing [Member] | Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | 31,165 | 25,200 |
Performing and Non-performing [Member] | Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Portfolio loans and leases | 141 | 141 |
Performing and Non-performing [Member] | Finance Leases Portfolio Segment [Member] | ||
Portfolio loans and leases | 60,870 | 55,892 |
Performing and Non-performing [Member] | Finance Leases Portfolio Segment [Member] | Originated Loans [Member] | ||
Portfolio loans and leases | $ 60,870 | $ 55,892 |
Note 5 - Loans and Leases - Tro
Note 5 - Loans and Leases - Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2017USD ($) | Sep. 30, 2017USD ($) | Dec. 31, 2016USD ($) | |
Troubled debt restructurings | $ 8,630 | $ 8,630 | $ 9,027 |
Number of contracts | 4 | 8 | |
Pre-modification outstanding recorded investment | $ 268 | $ 537 | |
Post-modification outstanding recorded investment | $ 268 | $ 537 | |
Contractual Interest Rate Reduction [Member] | |||
Number of contracts | 2 | ||
Extended Maturity [Member] | |||
Number of contracts | 1 | 1 | |
Interest Rate Change and Term Extension [Member] | |||
Number of contracts | 1 | 1 | |
Interest Rate Change and/or Interest-Only Period [Member] | |||
Number of contracts | |||
Contractual Payment Reduction (Leases only) [Member] | |||
Number of contracts | 2 | 4 | |
Forgiveness of Interest [Member] | |||
Number of contracts | |||
Principal Forgiveness [Member] | |||
Number of contracts | |||
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||
Number of contracts | 2 | 3 | |
Pre-modification outstanding recorded investment | $ 240 | $ 442 | |
Post-modification outstanding recorded investment | $ 240 | $ 442 | |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Contractual Interest Rate Reduction [Member] | |||
Number of contracts | 1 | ||
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Extended Maturity [Member] | |||
Number of contracts | 1 | 1 | |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Interest Rate Change and Term Extension [Member] | |||
Number of contracts | 1 | 1 | |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Interest Rate Change and/or Interest-Only Period [Member] | |||
Number of contracts | |||
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Contractual Payment Reduction (Leases only) [Member] | |||
Number of contracts | |||
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Forgiveness of Interest [Member] | |||
Number of contracts | |||
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | Principal Forgiveness [Member] | |||
Number of contracts | |||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||
Number of contracts | 1 | ||
Pre-modification outstanding recorded investment | $ 8 | ||
Post-modification outstanding recorded investment | $ 8 | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Contractual Interest Rate Reduction [Member] | |||
Number of contracts | 1 | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Extended Maturity [Member] | |||
Number of contracts | |||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Interest Rate Change and Term Extension [Member] | |||
Number of contracts | |||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Interest Rate Change and/or Interest-Only Period [Member] | |||
Number of contracts | |||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Contractual Payment Reduction (Leases only) [Member] | |||
Number of contracts | |||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Forgiveness of Interest [Member] | |||
Number of contracts | |||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Principal Forgiveness [Member] | |||
Number of contracts | |||
Finance Leases Portfolio Segment [Member] | |||
Number of contracts | 2 | 4 | |
Pre-modification outstanding recorded investment | $ 28 | $ 87 | |
Post-modification outstanding recorded investment | $ 28 | $ 87 | |
Finance Leases Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member] | |||
Number of contracts | |||
Finance Leases Portfolio Segment [Member] | Extended Maturity [Member] | |||
Number of contracts | |||
Finance Leases Portfolio Segment [Member] | Interest Rate Change and Term Extension [Member] | |||
Number of contracts | |||
Finance Leases Portfolio Segment [Member] | Interest Rate Change and/or Interest-Only Period [Member] | |||
Number of contracts | |||
Finance Leases Portfolio Segment [Member] | Contractual Payment Reduction (Leases only) [Member] | |||
Number of contracts | 2 | 4 | |
Finance Leases Portfolio Segment [Member] | Forgiveness of Interest [Member] | |||
Number of contracts | |||
Finance Leases Portfolio Segment [Member] | Principal Forgiveness [Member] | |||
Number of contracts | |||
Nonperforming Financial Instruments [Member] | |||
Troubled debt restructurings | $ 2,033 | $ 2,033 | 2,632 |
Performing Financial Instruments [Member] | |||
Troubled debt restructurings | $ 6,597 | $ 6,597 | $ 6,395 |
Note 5 - Loans and Leases - Imp
Note 5 - Loans and Leases - Impaired Loans (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 | |||||||
Impaired loans with related allowance, recorded investment | [1] | $ 1,818 | $ 2,486 | $ 1,818 | $ 2,486 | $ 737 | |||||
Impaired loans with related allowance, principal balance | 1,818 | 2,486 | 1,818 | 2,486 | 737 | ||||||
Impaired loans, related allowance | 123 | 599 | 123 | 599 | 86 | ||||||
Impaired loans with related allowance, average principal balance | 1,825 | 2,570 | 1,846 | 2,616 | |||||||
Impaired loans with related allowance, interest income recognized | 23 | 8 | 69 | 26 | |||||||
Impaired loans without related allowance, recorded investment | [3] | 8,710 | [1],[2] | 13,110 | [1],[2] | 8,710 | [1],[2] | 13,110 | [1],[2] | 13,437 | [4] |
Impaired loans without related allowance, principal balance | [3] | 9,990 | [2] | 14,609 | [2] | 9,990 | [2] | 14,609 | [2] | 15,017 | [4] |
Impaired loans without related allowance, average principal balance | [2],[3] | 8,954 | 16,986 | 9,178 | 17,453 | ||||||
Impaired loans without related allowance, interest income recognized | [2],[3] | 61 | 70 | 202 | 262 | ||||||
Impaired loans, recorded investment | [1] | 10,528 | 15,596 | 10,528 | 15,596 | 14,174 | |||||
Impaired loans, principal balance | 11,808 | 17,095 | 11,808 | 17,095 | 15,754 | ||||||
Impaired loans, average principal balance | 10,779 | 19,556 | 11,024 | 20,069 | |||||||
Impaired loans, interest income recognized | 84 | 78 | 271 | 288 | |||||||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||||||||||
Impaired loans with related allowance, recorded investment | [1] | 21 | 21 | ||||||||
Impaired loans with related allowance, principal balance | 21 | 21 | |||||||||
Impaired loans, related allowance | 3 | 3 | |||||||||
Impaired loans with related allowance, average principal balance | 21 | 21 | |||||||||
Impaired loans with related allowance, interest income recognized | 1 | ||||||||||
Impaired loans without related allowance, recorded investment | [3] | 633 | [1],[2] | 2,891 | [1],[2] | 633 | [1],[2] | 2,891 | [1],[2] | 2,354 | [4] |
Impaired loans without related allowance, principal balance | [3] | 694 | [2] | 3,498 | [2] | 694 | [2] | 3,498 | [2] | 2,778 | [4] |
Impaired loans without related allowance, average principal balance | [2],[3] | 655 | 3,651 | 669 | 3,675 | ||||||
Impaired loans without related allowance, interest income recognized | [2],[3] | 1 | 1 | 5 | 22 | ||||||
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | |||||||||||
Impaired loans with related allowance, recorded investment | [1] | 1,770 | 624 | 1,770 | 624 | 622 | |||||
Impaired loans with related allowance, principal balance | 1,770 | 624 | 1,770 | 624 | 622 | ||||||
Impaired loans, related allowance | 116 | 74 | 116 | 74 | 73 | ||||||
Impaired loans with related allowance, average principal balance | 1,776 | 638 | 1,797 | 640 | |||||||
Impaired loans with related allowance, interest income recognized | 23 | 7 | 67 | 21 | |||||||
Impaired loans without related allowance, recorded investment | [3] | 4,688 | [1],[2] | 6,838 | [1],[2] | 4,688 | [1],[2] | 6,838 | [1],[2] | 6,644 | [4] |
Impaired loans without related allowance, principal balance | [3] | 5,015 | [2] | 7,170 | [2] | 5,015 | [2] | 7,170 | [2] | 6,970 | [4] |
Impaired loans without related allowance, average principal balance | [2],[3] | 4,243 | 8,136 | 4,288 | 8,131 | ||||||
Impaired loans without related allowance, interest income recognized | [2],[3] | 43 | 53 | 118 | 164 | ||||||
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | |||||||||||
Impaired loans without related allowance, recorded investment | [3] | 1,449 | [1],[2] | 1,395 | [1],[2] | 1,449 | [1],[2] | 1,395 | [1],[2] | 1,577 | [4] |
Impaired loans without related allowance, principal balance | [3] | 1,485 | [2] | 1,395 | [2] | 1,485 | [2] | 1,395 | [2] | 1,577 | [4] |
Impaired loans without related allowance, average principal balance | [2],[3] | 1,451 | 1,398 | 1,475 | 1,399 | ||||||
Impaired loans without related allowance, interest income recognized | [2],[3] | 15 | 15 | 45 | 46 | ||||||
Commercial Portfolio Segment [Member] | |||||||||||
Impaired loans with related allowance, recorded investment | [1] | 1,832 | 1,832 | 84 | |||||||
Impaired loans with related allowance, principal balance | 1,832 | 1,832 | 84 | ||||||||
Impaired loans, related allowance | 519 | 519 | 5 | ||||||||
Impaired loans with related allowance, average principal balance | 1,901 | 1,944 | |||||||||
Impaired loans with related allowance, interest income recognized | 1 | 4 | |||||||||
Impaired loans without related allowance, recorded investment | [3] | 1,940 | [1],[2] | 1,984 | [1],[2] | 1,940 | [1],[2] | 1,984 | [1],[2] | 2,862 | [4] |
Impaired loans without related allowance, principal balance | [3] | 2,796 | [2] | 2,544 | [2] | 2,796 | [2] | 2,544 | [2] | 3,692 | [4] |
Impaired loans without related allowance, average principal balance | [2],[3] | 2,605 | 3,799 | 2,746 | 4,246 | ||||||
Impaired loans without related allowance, interest income recognized | [2],[3] | 2 | 1 | 34 | 30 | ||||||
Consumer Portfolio Segment [Member] | |||||||||||
Impaired loans with related allowance, recorded investment | [1] | 27 | 30 | 27 | 30 | 31 | |||||
Impaired loans with related allowance, principal balance | 27 | 30 | 27 | 30 | 31 | ||||||
Impaired loans, related allowance | 4 | 6 | 4 | 6 | $ 8 | ||||||
Impaired loans with related allowance, average principal balance | 28 | 31 | 28 | 32 | |||||||
Impaired loans with related allowance, interest income recognized | $ 1 | 1 | |||||||||
Impaired loans without related allowance, recorded investment | [1],[2],[3] | 2 | 2 | ||||||||
Impaired loans without related allowance, principal balance | [2],[3] | 2 | 2 | ||||||||
Impaired loans without related allowance, average principal balance | [2],[3] | 2 | 2 | ||||||||
Impaired loans without related allowance, interest income recognized | [2],[3] | ||||||||||
[1] | Recorded investment equals principal balance less partial charge-offs and interest payments on non-performing loans that have been applied to principal. | ||||||||||
[2] | The table above does not include the recorded investment of $270 thousand of impaired leases without a related Allowance. | ||||||||||
[3] | This table excludes all purchased credit-impaired loans, which are discussed in Note 5D, above. | ||||||||||
[4] | The table above does not include the recorded investment of $240 thousand of impaired leases without a related Allowance. |
Note 5 - Loans and Leases - Loa
Note 5 - Loans and Leases - Loan Acquired (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Acquired loans, outstanding principal | $ 254,514 | $ 306,725 |
Acquired loans, remaining loan mark | (10,223) | (12,287) |
Acquired loans, recorded investment | 244,291 | 294,438 |
Real Estate Portfolio Segment [Member] | Commercial Mortgage [Member] | ||
Acquired loans, outstanding principal | 138,926 | 168,612 |
Acquired loans, remaining loan mark | (3,724) | (4,593) |
Acquired loans, recorded investment | 135,202 | 164,019 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Acquired loans, outstanding principal | 26,181 | 31,236 |
Acquired loans, remaining loan mark | (1,508) | (1,687) |
Acquired loans, recorded investment | 24,673 | 29,549 |
Real Estate Portfolio Segment [Member] | Residential Mortgage Loan [Member] | ||
Acquired loans, outstanding principal | 62,455 | 73,902 |
Acquired loans, remaining loan mark | (2,168) | (2,630) |
Acquired loans, recorded investment | 60,287 | 71,272 |
Commercial Portfolio Segment [Member] | ||
Acquired loans, outstanding principal | 26,790 | 32,812 |
Acquired loans, remaining loan mark | (2,802) | (3,355) |
Acquired loans, recorded investment | 23,988 | 29,457 |
Consumer Portfolio Segment [Member] | ||
Acquired loans, outstanding principal | 162 | 163 |
Acquired loans, remaining loan mark | (21) | (22) |
Acquired loans, recorded investment | $ 141 | $ 141 |
Note 6 - Deposits - Components
Note 6 - Deposits - Components of Deposits (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Interest-bearing checking accounts | $ 395,383 | $ 379,424 |
Money market accounts | 720,613 | 761,657 |
Savings accounts | 264,273 | 232,193 |
Wholesale non-maturity deposits | 48,620 | 74,272 |
Wholesale time deposits | 178,610 | 73,037 |
Time deposits | 316,068 | 322,912 |
Total interest-bearing deposits | 1,923,567 | 1,843,495 |
Non-interest-bearing deposits | 760,614 | 736,180 |
Total deposits | $ 2,684,181 | $ 2,579,675 |
Note 7 - Borrowings (Details Te
Note 7 - Borrowings (Details Textual) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | $ 1,280,000 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | 1,030,000 | |
Federal Home Loan Bank Stock | 16,248 | $ 17,305 |
Overnight Federal Funds [Member] | ||
Debt Instrument, Unused Borrowing Capacity, Amount | 79,000 | |
Federal Reserve Discount Window [Member] | ||
Debt Instrument, Unused Borrowing Capacity, Amount | 125,100 | |
Revolving Line of Credit with Correspondent Bank [Member] | ||
Debt Instrument, Unused Borrowing Capacity, Amount | $ 5,000 |
Note 7 - Borrowings - Summary o
Note 7 - Borrowings - Summary of Short-term Borrowings (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | |
Short-term borrowings | $ 180,874 | $ 204,151 | $ 50,065 | |
Repurchase Agreements Commercial Customers [Member] | ||||
Short-term borrowings | [1] | 18,874 | 39,151 | |
Federal Home Loan Bank Advances [Member] | ||||
Short-term borrowings | 162,000 | 165,000 | ||
Overnight Federal Funds [Member] | ||||
Short-term borrowings | ||||
[1] | overnight repurchase agreements with no expiration date |
Note 7 - Borrowings - Informati
Note 7 - Borrowings - Information Concerning Short-term Borrowings (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 | |
Balance at period-end | $ 180,874 | $ 50,065 | $ 180,874 | $ 50,065 | $ 204,151 |
Maximum amount outstanding at any month-end | 184,578 | 50,065 | 184,578 | 54,715 | |
Average balance outstanding during the period | $ 182,845 | $ 40,966 | $ 110,268 | $ 35,836 | |
As of period-end | 1.17% | 0.32% | 1.17% | 0.32% | |
Paid during the period | 1.19% | 0.33% | 0.98% | 0.26% |
Note 7 - Borrowings - Maturity
Note 7 - Borrowings - Maturity of FHLB Advances and Other Borrowings (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Total long-term FHLB advances | $ 134,651 | $ 189,742 |
Federal Home Loan Bank Advances [Member] | ||
Within one year | 76,411 | 75,000 |
Over one year through five years | 58,240 | 114,742 |
Total long-term FHLB advances | $ 134,651 | $ 189,742 |
Note 7 - Borrowings - Rate and
Note 7 - Borrowings - Rate and Maturity Information on Federal Home Loan Bank Advances and Other Borrowings (Details) - USD ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2017 | Dec. 31, 2016 | ||
Balance | $ 134,651 | $ 189,742 | |
Bullet Maturity [Member] | Fixed Rate [Member] | |||
Maturity start range | [1] | Dec. 29, 2017 | |
Maturity end range | [1] | Dec. 9, 2020 | |
Balance | $ 98,612 | 153,612 | |
Bullet Maturity [Member] | Fixed Rate [Member] | Weighted Average [Member] | |||
Interest rate | 1.60% | ||
Bullet Maturity [Member] | Fixed Rate [Member] | Minimum [Member] | |||
Interest rate | 0.95% | ||
Bullet Maturity [Member] | Fixed Rate [Member] | Maximum [Member] | |||
Interest rate | 2.13% | ||
Bullet Maturity [Member] | Variable Rate [Member] | |||
Maturity start range | [1] | Nov. 28, 2017 | |
Maturity end range | [1] | Nov. 28, 2017 | |
Balance | $ 15,000 | 15,000 | |
Bullet Maturity [Member] | Variable Rate [Member] | Weighted Average [Member] | |||
Interest rate | 1.46% | ||
Bullet Maturity [Member] | Variable Rate [Member] | Minimum [Member] | |||
Interest rate | 1.46% | ||
Bullet Maturity [Member] | Variable Rate [Member] | Maximum [Member] | |||
Interest rate | 1.46% | ||
Convertible-fixed [Member] | |||
Maturity start range | [1],[2] | Jan. 3, 2018 | |
Maturity end range | [1],[2] | Aug. 20, 2018 | |
Balance | [2] | $ 21,039 | $ 21,130 |
Convertible-fixed [Member] | Weighted Average [Member] | |||
Interest rate | [2] | 2.94% | |
Convertible-fixed [Member] | Minimum [Member] | |||
Interest rate | [2] | 2.58% | |
Convertible-fixed [Member] | Maximum [Member] | |||
Interest rate | [2] | 3.50% | |
[1] | Maturity range, weighted average rate and coupon rate range refers to September 30, 2017 balances | ||
[2] | FHLB advances whereby the FHLB has the option, at predetermined times, to convert the fixed interest rate to an adjustable interest rate indexed to the London Interbank Offered Rate ("LIBOR"). The Corporation has the option to prepay these advances, without penalty, if the FHLB elects to convert the interest rate to an adjustable rate. As of September 30, 2017, substantially all FHLB advances with this convertible feature are subject to conversion in fiscal 2017. These advances are included in the maturity ranges in which they mature, rather than the period in which they are subject to conversion. |
Note 8 - Stock-based Compensa75
Note 8 - Stock-based Compensation (Details Textual) - USD ($) $ in Thousands | Apr. 30, 2015 | Sep. 30, 2017 | Sep. 30, 2017 | Apr. 28, 2010 | Apr. 25, 2007 |
Share-based Compensation Arrangements by Share-based Payment Award, Performance Shares, Minimum Target | 0.00% | ||||
Share-based Compensation Arrangements by Share-based Payment Award, Performance Shares, Maximum Target | 150.00% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares | 0 | 0 | |||
Employee Stock Option [Member] | |||||
Allocated Share-based Compensation Expense | $ 0 | $ 0 | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | 0 | 0 | |||
Excess Tax Deficiency Benefit from Share-based Compensation Operating Activities | 74 | 302 | |||
Restricted Stock Units (RSUs) [Member] | |||||
Allocated Share-based Compensation Expense | 202 | 525 | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | 1,700 | 1,700 | |||
Excess Tax Deficiency Benefit from Share-based Compensation Operating Activities | 42 | $ 73 | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years 146 days | ||||
Performance Shares [Member] | |||||
Allocated Share-based Compensation Expense | 359 | $ 951 | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | 2,600 | 2,600 | |||
Excess Tax Deficiency Benefit from Share-based Compensation Operating Activities | $ 578 | $ 578 | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years | ||||
The 2007 Long-Term Incentive Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 428,996 | ||||
The 2010 Long-Term Incentive Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 945,002 | 445,002 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized | 500,000 |
Note 8 - Stock-based Compensa76
Note 8 - Stock-based Compensation - Stock Option Activity (Details) - $ / shares | 3 Months Ended | 9 Months Ended |
Sep. 30, 2017 | Sep. 30, 2017 | |
Options outstanding (in shares) | 139,834 | 185,023 |
Options outstanding, weighted average exercise price (in dollars per share) | $ 20.65 | $ 21.04 |
Options outstanding, weighted average grant date fair value (in dollars per share) | $ 4.85 | $ 4.88 |
Forfeited (in shares) | ||
Forfeited, weighted average exercise price (in dollars per share) | ||
Forfeited, weighted average grant date fair value (in dollars per share) | ||
Expired (in shares) | (250) | (250) |
Expired, weighted average exercise price (in dollars per share) | $ 22 | $ 22 |
Expired, weighted average grant date fair value (in dollars per share) | $ 4.90 | $ 4.90 |
Exercised (in shares) | (12,838) | (58,027) |
Exercised, weighted average exercise price (in dollars per share) | $ 22.03 | $ 22.20 |
Exercised, weighted average grant date fair value (in dollars per share) | $ 5.11 | $ 5 |
Options outstanding (in shares) | 126,746 | 126,746 |
Options outstanding, weighted average exercise price (in dollars per share) | $ 20.51 | $ 20.51 |
Options outstanding, weighted average grant date fair value (in dollars per share) | $ 4.82 | $ 4.82 |
Note 8 - Stock-based Compensa77
Note 8 - Stock-based Compensation - Proceeds, Related Tax Benefits Realized from Options Exercised and Intrinsic Value of Options Exercised (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Proceeds from exercise of stock options | $ 283 | $ 559 | $ 1,288 | $ 1,205 |
Related tax benefit recognized | 96 | 98 | 402 | 188 |
Net proceeds of options exercised | 379 | 657 | 1,690 | 1,393 |
Intrinsic value of options exercised | $ 273 | $ 279 | $ 1,147 | $ 537 |
Note 8 - Stock-based Compensa78
Note 8 - Stock-based Compensation - Options Outstanding and Exercisable (Details) - USD ($) $ / shares in Units, $ in Thousands | 9 Months Ended | ||
Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | |
Options outstanding (in shares) | 126,746 | 139,834 | 185,023 |
Exercisable options (in shares) | 126,746 | ||
Weighted average exercise price, options outstanding (in dollars per share) | $ 20.51 | $ 20.65 | $ 21.04 |
Weighted average exercise price, exercisable options (in dollars per share) | $ 20.51 | ||
Aggregate intrinsic value, options outstanding | $ 2,952 | ||
Aggregate intrinsic value, exercisable options | $ 2,952 | ||
Weighted average contractual term, options outstanding (Year) | 1 year 182 days | ||
Weighted average contractual term, exercisable options (Year) | 1 year 182 days |
Note 8 - Stock-based Compensa79
Note 8 - Stock-based Compensation - Unvested Restricted Stock Units Awards (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares | 3 Months Ended | 9 Months Ended |
Sep. 30, 2017 | Sep. 30, 2017 | |
Balance (in shares) | 55,262 | 58,862 |
Balance, weighted average grant date fair value (in dollars per share) | $ 30.95 | $ 29.57 |
Granted (in shares) | 22,117 | 28,317 |
Granted, weighted average grant date fair value (in dollars per share) | $ 39.35 | $ 39.48 |
Vested (in shares) | (10,687) | (16,985) |
Vested, weighted average grant date fair value (in dollars per share) | $ 30.14 | $ 29.27 |
Forfeited (in shares) | (161) | (3,661) |
Forfeited, weighted average grant date fair value (in dollars per share) | $ 30.43 | $ 29.38 |
Balance (in shares) | 66,531 | 66,531 |
Balance, weighted average grant date fair value (in dollars per share) | $ 33.88 | $ 33.88 |
Note 8 - Stock-based Compensa80
Note 8 - Stock-based Compensation - Unvested Performance Stock Awards (Details) - Performance Stock Awards [Member] - $ / shares | 3 Months Ended | 9 Months Ended |
Sep. 30, 2017 | Sep. 30, 2017 | |
Balance (in shares) | 192,844 | 192,844 |
Balance, weighted average grant date fair value (in dollars per share) | $ 18.77 | $ 18.77 |
Granted (in shares) | 40,719 | 40,719 |
Granted, weighted average grant date fair value (in dollars per share) | $ 37.84 | $ 37.84 |
Vested (in shares) | (61,815) | (61,815) |
Vested, weighted average grant date fair value (in dollars per share) | $ 15.05 | $ 15.05 |
Forfeited (in shares) | (1,335) | (1,335) |
Forfeited, weighted average grant date fair value (in dollars per share) | $ 19.46 | $ 19.46 |
Balance (in shares) | 170,413 | 170,413 |
Balance, weighted average grant date fair value (in dollars per share) | $ 24.67 | $ 24.67 |
Note 9 - Pension and Other Po81
Note 9 - Pension and Other Post-retirement Benefit Plans (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Sep. 30, 2017 | Dec. 31, 2005 | |
SERP I and SERP II [Member] | |||
Number of Defined Benefit Pension Plans | 2 | 2 | |
Defined Benefit Plan, Participants Amounts Frozen, Percentage | 20.00% | 20.00% | |
Defined Benefit Plan, Plan Assets, Contributions by Employer | $ 65 | $ 195 | |
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year | $ 65 | $ 65 | |
PRBP [Member] | |||
Defined Benefit Plan, Maximum Annual Payment, Percentage | 120.00% |
Note 9 - Pension and Other Po82
Note 9 - Pension and Other Post-retirement Benefit Plans - Net Periodic Benefits Cost (Benefit) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
SERP I and SERP II [Member] | ||||
Service cost | ||||
Interest cost | 44 | 46 | 132 | 138 |
Expected return on plan assets | ||||
Amortization of prior service costs | ||||
Amortization of net loss | 15 | 14 | 44 | 43 |
Net periodic benefit cost | 59 | 60 | 176 | 181 |
QDBP [Member] | ||||
Service cost | ||||
Interest cost | 3 | 5 | 9 | 14 |
Expected return on plan assets | ||||
Amortization of prior service costs | ||||
Amortization of net loss | 9 | 10 | 27 | 30 |
Net periodic benefit cost | $ 12 | $ 15 | $ 36 | $ 44 |
Note 10 - Segment Information -
Note 10 - Segment Information - Detail Segment Information (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 | ||
Net interest income | $ 29,438 | $ 26,717 | $ 84,806 | $ 79,246 | ||
Provision for loan and lease losses | 1,333 | 1,412 | 1,541 | 3,267 | ||
Net interest income after loan loss provision | 28,105 | 25,305 | 83,265 | 75,979 | ||
Fees for wealth management services | 9,651 | 9,100 | 28,761 | 27,363 | ||
Service charges on deposits | 676 | 688 | 1,953 | 2,103 | ||
Loan servicing and other fees | 548 | 497 | 1,570 | 1,528 | ||
Net gain on sale of loans | 799 | 879 | 1,948 | 2,440 | ||
Net gain (loss) on sale of investment securities available for sale | 72 | (28) | 73 | (86) | ||
Net loss on sale of other real estate owned ("OREO") | (12) | (76) | ||||
Dividends on FHLB and FRB stock | 217 | 277 | 649 | 754 | ||
Insurance commissions | 1,373 | 886 | 3,079 | 3,007 | ||
Other operating income | 2,248 | 1,487 | 5,575 | 3,686 | ||
Total other income | 15,584 | 13,786 | 43,596 | 40,719 | ||
Salaries and wages | 13,602 | 11,621 | 39,632 | 35,556 | ||
Employee benefits | 2,631 | 2,420 | 7,665 | 7,341 | ||
Occupancy and bank premises | 2,485 | 2,349 | 7,258 | 7,204 | ||
Amortization of intangible assets | 677 | 888 | 2,057 | 2,668 | ||
Professional fees | 739 | 937 | 2,499 | 2,696 | ||
Other operating expenses | 8,050 | 7,156 | 24,228 | 21,121 | ||
Total other expenses | 28,184 | 25,371 | 83,339 | 76,586 | ||
Segment profit | 15,505 | 13,720 | 43,522 | 40,112 | ||
Intersegment (revenues) expenses* | [1] | |||||
Pre-tax segment profit after eliminations | $ 15,505 | $ 13,720 | $ 43,522 | $ 40,112 | ||
% of segment pre-tax profit after eliminations | 100.00% | 100.00% | 100.00% | 100.00% | ||
Segment assets (dollars in millions) | $ 3,476,821 | $ 3,175,000 | $ 3,476,821 | $ 3,175,000 | $ 3,421,530 | |
Banking [Member] | ||||||
Net interest income | 29,437 | 26,716 | 84,804 | 79,244 | ||
Provision for loan and lease losses | 1,333 | 1,412 | 1,541 | 3,267 | ||
Net interest income after loan loss provision | 28,104 | 25,304 | 83,263 | 75,977 | ||
Fees for wealth management services | ||||||
Service charges on deposits | 676 | 688 | 1,953 | 2,103 | ||
Loan servicing and other fees | 548 | 497 | 1,570 | 1,528 | ||
Net gain on sale of loans | 799 | 879 | 1,948 | 2,440 | ||
Net gain (loss) on sale of investment securities available for sale | 72 | (28) | 73 | (86) | ||
Net loss on sale of other real estate owned ("OREO") | (12) | (76) | ||||
Dividends on FHLB and FRB stock | 217 | 277 | 649 | 754 | ||
Insurance commissions | ||||||
Other operating income | 2,207 | 1,447 | 5,437 | 3,582 | ||
Total other income | 4,519 | 3,760 | 11,618 | 10,245 | ||
Salaries and wages | 9,130 | 7,995 | 27,044 | 24,174 | ||
Employee benefits | 1,658 | 1,611 | 4,777 | 4,846 | ||
Occupancy and bank premises | 2,049 | 1,943 | 6,025 | 5,997 | ||
Amortization of intangible assets | 197 | 217 | 588 | 655 | ||
Professional fees | 681 | 923 | 2,318 | 2,619 | ||
Other operating expenses | 6,899 | 6,306 | 20,988 | 18,304 | ||
Total other expenses | 20,614 | 18,995 | 61,740 | 56,595 | ||
Segment profit | 12,009 | 10,069 | 33,141 | 29,627 | ||
Intersegment (revenues) expenses* | [1] | (112) | (99) | (336) | (297) | |
Pre-tax segment profit after eliminations | $ 11,897 | $ 9,970 | $ 32,805 | $ 29,330 | ||
% of segment pre-tax profit after eliminations | 76.70% | 72.70% | 75.40% | 73.10% | ||
Segment assets (dollars in millions) | $ 3,425,000 | $ 3,128,000 | $ 3,425,000 | $ 3,128,000 | ||
Wealth [Member] | ||||||
Net interest income | 1 | 1 | 2 | 2 | ||
Provision for loan and lease losses | ||||||
Net interest income after loan loss provision | 1 | 1 | 2 | 2 | ||
Fees for wealth management services | 9,651 | 9,100 | 28,761 | 27,363 | ||
Service charges on deposits | ||||||
Loan servicing and other fees | ||||||
Net gain on sale of loans | ||||||
Net gain (loss) on sale of investment securities available for sale | ||||||
Net loss on sale of other real estate owned ("OREO") | ||||||
Dividends on FHLB and FRB stock | ||||||
Insurance commissions | 1,373 | 886 | 3,079 | 3,007 | ||
Other operating income | 41 | 40 | 138 | 104 | ||
Total other income | 11,065 | 10,026 | 31,978 | 30,474 | ||
Salaries and wages | 4,472 | 3,626 | 12,588 | 11,382 | ||
Employee benefits | 973 | 809 | 2,888 | 2,495 | ||
Occupancy and bank premises | 436 | 406 | 1,233 | 1,207 | ||
Amortization of intangible assets | 480 | 671 | 1,469 | 2,013 | ||
Professional fees | 58 | 14 | 181 | 77 | ||
Other operating expenses | 1,151 | 850 | 3,240 | 2,817 | ||
Total other expenses | 7,570 | 6,376 | 21,599 | 19,991 | ||
Segment profit | 3,496 | 3,651 | 10,381 | 10,485 | ||
Intersegment (revenues) expenses* | [1] | 112 | 99 | 336 | 297 | |
Pre-tax segment profit after eliminations | $ 3,608 | $ 3,750 | $ 10,717 | $ 10,782 | ||
% of segment pre-tax profit after eliminations | 23.30% | 27.30% | 24.60% | 26.90% | ||
Segment assets (dollars in millions) | $ 52,000 | $ 47,000 | $ 52,000 | $ 47,000 | ||
[1] | Inter-segment revenues consist of rental payments, interest on deposits and management fees. |
Note 10 - Segment Information84
Note 10 - Segment Information - Wealth Management Segment Information (Details) - USD ($) $ in Millions | Sep. 30, 2017 | Dec. 31, 2016 |
Assets under management, administration, supervision and brokerage | $ 12,431.4 | $ 11,328.5 |
Note 11 - Mortgage Servicing 85
Note 11 - Mortgage Servicing Rights (Details Textual) | 9 Months Ended |
Sep. 30, 2017 | |
Sensitivity Analysis of Fair Value of Interests Continued to Be Held by Transfer or Servicing Assets or Liabilities, Percent, Adverse Change in Assumption, Low | 10.00% |
Sensitivity Analysis of Fair Value of Interests Continued to Be Held by Transferor Servicing Assets or Liabilities, Percent, Adverse Change in Assumption, High | 20.00% |
Note 11 - Mortgage Servicing 86
Note 11 - Mortgage Servicing Rights - Mortgage Servicing Rights Activity (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 | |
Balance, beginning of period | $ 5,582 | ||||
Balance, end of period | $ 5,732 | 5,732 | |||
Residential Mortgage [Member] | |||||
Balance, beginning of period | 5,682 | $ 4,646 | 5,582 | $ 5,142 | |
Additions | 282 | 386 | 770 | 888 | |
Amortization | (229) | (210) | (571) | (526) | |
Recovery | 3 | ||||
Impairment | (3) | (29) | (52) | (711) | |
Balance, end of period | 5,732 | 4,793 | 5,732 | 4,793 | |
Fair value amount of MSRs | 6,146 | 4,877 | 6,146 | 4,877 | $ 6,154 |
Residential mortgage loans serviced for others, end of period | $ 647,997 | $ 618,134 | $ 647,997 | $ 618,134 |
Note 11 - Mortgage Servicing 87
Note 11 - Mortgage Servicing Rights - Key Economic Assumptions and Sensitivity of Current Fair Value of MSRs (Details) - Residential Mortgage [Member] - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | ||
Fair value amount of MSRs | $ 6,146 | $ 6,154 | $ 4,877 | |
Weighted average life (in years) (Year) | 6 years | 6 years 109 days | ||
Prepayment speeds (constant prepayment rate)* | [1] | 11.50% | 10.20% | |
10% adverse change | $ (176) | $ (115) | ||
20% adverse change | $ (356) | $ (238) | ||
Discount rate | 9.55% | 9.55% | ||
10% adverse change | $ (211) | $ (225) | ||
20% adverse change | $ (409) | $ (434) | ||
[1] | Represents the weighted average prepayment rate for the life of the MSR asset. |
Note 12 - Goodwill and Other 88
Note 12 - Goodwill and Other Intangibles (Details Textual) $ in Thousands | 11 Months Ended |
Sep. 30, 2017USD ($) | |
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $ 0 |
Goodwill, Impairment Loss | $ 0 |
Note 12 - Goodwill and Other 89
Note 12 - Goodwill and Other Intangibles - Goodwill and Intangible Assets Related to Acquisitions (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Goodwill | $ 104,765 | |||
Goodwill additions/adjustments | 2,362 | |||
Goodwill | $ 107,127 | 107,127 | ||
Intangible asset amortization | (677) | $ (888) | (2,057) | $ (2,668) |
Intangible assets | 20,405 | |||
Intangible assets additions/adjustments | 3,059 | |||
Intangible assets | 21,407 | 21,407 | ||
Grand Total | 125,170 | |||
Grand total additions/adjustments | 5,421 | |||
Grand Total | 128,534 | 128,534 | ||
Trade Names [Member] | ||||
Intangible asset amortization | (22) | |||
Indefinite-Lived Intangible Assets | 2,165 | |||
Indefinite-Lived Intangible Assets additions/adjustments | 195 | |||
Indefinite-Lived Intangible Assets | 2,338 | 2,338 | ||
Domain Name [Member] | ||||
Indefinite-Lived Intangible Assets | ||||
Indefinite-Lived Intangible Assets additions/adjustments | 151 | |||
Indefinite-Lived Intangible Assets | 151 | $ 151 | ||
Minimum [Member] | Trade Names [Member] | ||||
Intangible asset amortization period (Year) | 3 years | |||
Core Deposits [Member] | ||||
Finite-Lived Intangible Assets | $ 3,447 | |||
Finite-Lived Intangible Assets additions/adjustments | ||||
Intangible asset amortization | (553) | |||
Finite-Lived Intangible Assets | 2,894 | $ 2,894 | ||
Intangible asset amortization period (Year) | 10 years | |||
Customer Relationships [Member] | ||||
Finite-Lived Intangible Assets | $ 13,056 | |||
Finite-Lived Intangible Assets additions/adjustments | 2,672 | |||
Intangible asset amortization | (1,152) | |||
Finite-Lived Intangible Assets | 14,576 | $ 14,576 | ||
Customer Relationships [Member] | Minimum [Member] | ||||
Intangible asset amortization period (Year) | 10 years | |||
Customer Relationships [Member] | Maximum [Member] | ||||
Intangible asset amortization period (Year) | 20 years | |||
Noncompete Agreements [Member] | ||||
Finite-Lived Intangible Assets | $ 1,634 | |||
Finite-Lived Intangible Assets additions/adjustments | 41 | |||
Intangible asset amortization | (295) | |||
Finite-Lived Intangible Assets | 1,380 | $ 1,380 | ||
Noncompete Agreements [Member] | Minimum [Member] | ||||
Intangible asset amortization period (Year) | 5 years | |||
Noncompete Agreements [Member] | Maximum [Member] | ||||
Intangible asset amortization period (Year) | 10 years | |||
Off-Market Favorable Lease [Member] | ||||
Finite-Lived Intangible Assets | $ 103 | |||
Finite-Lived Intangible Assets additions/adjustments | ||||
Intangible asset amortization | (35) | |||
Finite-Lived Intangible Assets | 68 | $ 68 | ||
Off-Market Favorable Lease [Member] | Minimum [Member] | ||||
Intangible asset amortization period (Year) | 1 year 150 days | |||
Off-Market Favorable Lease [Member] | Maximum [Member] | ||||
Intangible asset amortization period (Year) | 6 years 90 days | |||
Wealth [Member] | ||||
Goodwill | $ 20,412 | |||
Goodwill additions/adjustments | ||||
Goodwill | 20,412 | 20,412 | ||
Banking [Member] | ||||
Goodwill | 80,783 | |||
Goodwill additions/adjustments | ||||
Goodwill | 80,783 | 80,783 | ||
Insurance [Member] | ||||
Goodwill | 3,570 | |||
Goodwill additions/adjustments | 2,362 | |||
Goodwill | $ 5,932 | $ 5,932 |
Note 13 - Derivatives Instrum90
Note 13 - Derivatives Instruments and Hedging Activities (Details Textual) - USD ($) | Sep. 30, 2017 | Dec. 31, 2016 |
Derivative Liability, Collateral, Right to Reclaim Cash, Offset | $ 1,700,000 | $ 0 |
Derivative, Fair Value, Net | $ 1,900,000 | $ 0 |
Note 13 - Derivative Instrument
Note 13 - Derivative Instruments and Hedging Activities - Derivative Instruments (Details) - Not Designated as Hedging Instrument [Member] - USD ($) | Sep. 30, 2017 | Dec. 31, 2016 |
Asset derivatives, notional amount | $ 89,691,000 | |
Asset derivatives, fair value | 1,951,000 | |
Liability derivatives, notional amount | 84,122,000 | |
Liability derivatives, fair value | 1,949,000 | |
Interest Rate Swap [Member] | ||
Asset derivatives, notional amount | 83,217,000 | |
Asset derivatives, fair value | 1,950 | |
Liability derivatives, notional amount | 83,217,000 | |
Liability derivatives, fair value | 1,946,000 | |
Risk Participation Agreements Sold [Member] | ||
Asset derivatives, notional amount | ||
Asset derivatives, fair value | ||
Liability derivatives, notional amount | 905,000 | |
Liability derivatives, fair value | 3,000 | |
Risk Participation Agreements Purchased [Member] | ||
Asset derivatives, notional amount | 6,474,000 | |
Asset derivatives, fair value | 1,000 | |
Liability derivatives, notional amount | ||
Liability derivatives, fair value | ||
Risk Participation Agreements [Member] | ||
Asset derivatives, notional amount | ||
Asset derivatives, fair value | ||
Liability derivatives, notional amount | ||
Liability derivatives, fair value |
Note 14 - Accumulated Other C92
Note 14 - Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Balance | $ (1,564) | $ 2,488 | $ (2,409) | $ (412) |
Net change | 164 | (360) | 1,009 | 2,540 |
Balance | (1,400) | 2,128 | (1,400) | 2,128 |
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | ||||
Balance | (433) | 3,665 | (1,231) | 774 |
Net change | 149 | (376) | 947 | 2,515 |
Balance | (284) | 3,289 | (284) | 3,289 |
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | ||||
Balance | (1,131) | (1,177) | (1,178) | (1,186) |
Net change | 15 | 16 | 62 | 25 |
Balance | $ (1,116) | $ (1,161) | $ (1,116) | $ (1,161) |
Note 14 - Accumulated Other C93
Note 14 - Accumulated Other Comprehensive Income (Loss) - Amounts Reclassified from Each Component of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | ||
Realization of loss on sale of investment securities available for sale | $ (72) | $ 28 | $ (73) | $ 86 | |
Less: income tax benefit (expense) | (4,766) | (4,346) | (14,306) | (13,484) | |
Net of income tax | (10,739) | (9,374) | (29,216) | (26,628) | |
Total expense before income tax benefit | (15,505) | (13,720) | (43,522) | (40,112) | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | |||||
Realization of loss on sale of investment securities available for sale | (72) | 28 | (73) | 86 | |
Less: income tax benefit (expense) | (25) | 10 | (25) | 30 | |
Net of income tax | (47) | 18 | (48) | 56 | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | |||||
Amortization of net loss | [1] | 24 | 24 | 71 | 73 |
Amortization of prior service cost included in net periodic pension costs* | [1] | ||||
Total expense before income tax benefit | 24 | 24 | 71 | 73 | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | |||||
Less: income tax benefit (expense) | 8 | 8 | 25 | 26 | |
Net of income tax | $ 16 | $ 16 | $ 46 | $ 47 | |
[1] | Accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 9 - Pension and Other Post-Retirement Benefit Plans |
Note 15 - Shareholders' Equity
Note 15 - Shareholders' Equity (Details Textual) - USD ($) | Oct. 19, 2017 | Aug. 02, 2017 | Mar. 31, 2015 | Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | Aug. 06, 2015 |
Common Stock, Dividends, Per Share, Declared | $ 0.22 | $ 0.21 | $ 0.64 | $ 0.61 | |||||
Common Stock, Dividends, Per Share, Cash Paid | $ 0.22 | ||||||||
Dividends, Common Stock | $ 3,800,000 | ||||||||
Common Stock, Shares, Outstanding | 17,248,984 | 17,050,151 | 17,050,151 | 16,939,715 | |||||
Shelf Registration Statement Maximum Amount of Securities Authorized for Issuance | $ 200,000,000 | ||||||||
Maximum Investment Under Stock Purchase and Dividend Reinvestment Plan | $ 120,000 | ||||||||
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures | 58,027 | ||||||||
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures | $ 1,300,000 | ||||||||
Treasury Stock, Value, Acquired, Cost Method | 1,112,000 | ||||||||
The 2015 Program [Member] | |||||||||
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | 1,200,000 | ||||||||
Treasury Stock, Value, Acquired, Cost Method | 0 | ||||||||
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $ 189,300 | $ 189,300 | |||||||
Restricted Stock Units (RSUs) [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 10,687 | 16,985 | |||||||
Allocated Share-based Compensation Expense | $ 202,000 | $ 525,000 | |||||||
Performance Shares [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 61,815 | ||||||||
Allocated Share-based Compensation Expense | $ 359,000 | $ 951,000 | |||||||
Maximum [Member] | |||||||||
Shelf Registration, Shares | 1,500,000 | ||||||||
Maximum [Member] | The 2015 Program [Member] | |||||||||
Stock Repurchase Program, Authorized Amount | $ 40,000,000 | ||||||||
Subsequent Event [Member] | |||||||||
Common Stock, Dividends, Per Share, Declared | $ 0.22 |
Note 16 - Accounting for Unce95
Note 16 - Accounting for Uncertainty in Income Taxes (Details Textual) - USD ($) $ in Thousands | Sep. 30, 2017 | Sep. 30, 2016 |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | $ 0 | $ 0 |
Note 17 - Fair Value Measurem96
Note 17 - Fair Value Measurement (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
Sep. 30, 2017 | Sep. 30, 2017 | |
Minimum [Member] | ||
Fair Value Assumptions, Discount on Appraisals of Collateral Securing Loan | 10.00% | |
Maximum [Member] | ||
Fair Value Assumptions, Discount on Appraisals of Collateral Securing Loan | 50.00% | |
Allowance for Loan and Lease Losses [Member] | ||
Valuation Allowances and Reserves, Period Increase (Decrease) | $ (6) | $ 37 |
Note 17 - Fair Value Measurem97
Note 17 - Fair Value Measurement - Assets Measured on Recurring and Non-recurring Basis (Details) - USD ($) $ in Millions | Sep. 30, 2017 | Dec. 31, 2016 |
Assets measured on a recurring basis | $ 484.3 | $ 573.7 |
Assets measured on a non-recurring basis | 17.7 | 21.5 |
Interest Rate Swap [Member] | ||
Assets measured on a recurring basis | 1.9 | |
Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a recurring basis | 8 | 219.2 |
Assets measured on a non-recurring basis | ||
Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member] | ||
Assets measured on a recurring basis | ||
Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a recurring basis | 476.3 | 354.5 |
Assets measured on a non-recurring basis | ||
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | ||
Assets measured on a recurring basis | 1.9 | |
Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a recurring basis | ||
Assets measured on a non-recurring basis | 17.7 | 21.5 |
Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member] | ||
Assets measured on a recurring basis | ||
US Treasury Securities [Member] | ||
Assets measured on a recurring basis | 0.1 | 200.1 |
US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a recurring basis | 0.1 | 200.1 |
US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a recurring basis | ||
US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a recurring basis | ||
US Government Agencies Debt Securities [Member] | ||
Assets measured on a recurring basis | 142.7 | 82.2 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a recurring basis | ||
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a recurring basis | 142.7 | 82.2 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a recurring basis | ||
US States and Political Subdivisions Debt Securities [Member] | ||
Assets measured on a recurring basis | 24.1 | 33.5 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a recurring basis | ||
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a recurring basis | 24.1 | 33.5 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a recurring basis | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Assets measured on a recurring basis | 266.9 | 188.8 |
Assets measured on a non-recurring basis | 6.1 | 6.2 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a recurring basis | ||
Assets measured on a non-recurring basis | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a recurring basis | 266.9 | 188.8 |
Assets measured on a non-recurring basis | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a recurring basis | ||
Assets measured on a non-recurring basis | 6.1 | 6.2 |
Collateralized Mortgage Obligations [Member] | ||
Assets measured on a recurring basis | 39.6 | 48.7 |
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a recurring basis | ||
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a recurring basis | 39.6 | 48.7 |
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a recurring basis | ||
Mutual Funds [Member] | ||
Assets measured on a recurring basis | 7.9 | 19.1 |
Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a recurring basis | 7.9 | 19.1 |
Mutual Funds [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a recurring basis | ||
Mutual Funds [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a recurring basis | ||
Other Debt Obligations [Member] | ||
Assets measured on a recurring basis | 1.1 | 1.3 |
Other Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a recurring basis | ||
Other Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a recurring basis | 1.1 | 1.3 |
Other Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a recurring basis | ||
Impaired Loans and Leases [Member] | ||
Assets measured on a non-recurring basis | 10.7 | 14.3 |
Impaired Loans and Leases [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a non-recurring basis | ||
Impaired Loans and Leases [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a non-recurring basis | ||
Impaired Loans and Leases [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a non-recurring basis | 10.7 | 14.3 |
Other Real Estate Owned [Member] | ||
Assets measured on a non-recurring basis | 0.9 | 1 |
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets measured on a non-recurring basis | ||
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets measured on a non-recurring basis | ||
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets measured on a non-recurring basis | $ 0.9 | $ 1 |
Note 18 - Fair Value of Finan98
Note 18 - Fair Value of Financial Instruments (Details Textual) | 9 Months Ended |
Sep. 30, 2017 | |
Minimum [Member] | |
Fair Value Assumptions, Discount on Appraisals of Collateral Securing Loan | 10.00% |
Maximum [Member] | |
Fair Value Assumptions, Discount on Appraisals of Collateral Securing Loan | 50.00% |
Impaired Loans [Member] | Minimum [Member] | |
Fair Value Assumptions, Discount on Appraisals of Collateral Securing Loan | 10.00% |
Impaired Loans [Member] | Maximum [Member] | |
Fair Value Assumptions, Discount on Appraisals of Collateral Securing Loan | 50.00% |
Note 18 - Fair Value of Finan99
Note 18 - Fair Value of Financial Instruments - Carrying Amount and Estimated Fair Value (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | |
Financial assets: | |||
Investment securities, available for sale | $ 471,721 | $ 566,996 | |
Investment securities, trading | 4,423 | 3,888 | |
Investments, held to maturity | 6,218 | 2,818 | |
Reported Value Measurement [Member] | |||
Financial assets: | |||
Investment securities, available for sale | [1] | 471,721 | 566,996 |
Investment securities, trading | [1] | 4,423 | 3,888 |
Total financial assets | 3,236,778 | 3,192,135 | |
Financial liabilities: | |||
Total financial liabilities | 3,074,929 | 3,040,403 | |
Estimate of Fair Value Measurement [Member] | |||
Financial assets: | |||
Investment securities, available for sale | [1] | 471,721 | 566,996 |
Investment securities, trading | [1] | 4,423 | 3,888 |
Total financial assets | 3,269,913 | 3,180,253 | |
Financial liabilities: | |||
Total financial liabilities | 3,074,370 | 3,036,556 | |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | |||
Financial assets: | |||
Cash and cash equivalents | 45,552 | 50,765 | |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | |||
Financial assets: | |||
Cash and cash equivalents | 45,552 | 50,765 | |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | |||
Financial assets: | |||
Investments, held to maturity | 6,255 | 2,879 | |
Loans held for sale | 6,327 | 9,621 | |
Financial liabilities: | |||
Deposits | 2,684,181 | 2,579,675 | |
Short-term borrowings | 180,874 | 204,151 | |
Long-term FHLB advances | 134,651 | 189,742 | |
Subordinated notes | 29,573 | 29,532 | |
Other liabilities | 43,701 | 37,303 | |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Interest Rate Swap [Member] | |||
Financial assets: | |||
Derivative Asset | 1,950 | ||
Financial liabilities: | |||
Derivative Liability | 1,946 | ||
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Risk Participation Agreements Purchased [Member] | |||
Financial assets: | |||
Derivative Asset | 1 | ||
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Risk Participation Agreements Sold [Member] | |||
Financial liabilities: | |||
Derivative Liability | 3 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | |||
Financial assets: | |||
Investments, held to maturity | 6,218 | 2,818 | |
Loans held for sale | 6,327 | 9,621 | |
Financial liabilities: | |||
Deposits | 2,682,737 | 2,579,011 | |
Short-term borrowings | 180,874 | 204,151 | |
Long-term FHLB advances | 134,789 | 186,863 | |
Subordinated notes | 30,320 | 29,228 | |
Other liabilities | 43,701 | 37,303 | |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Interest Rate Swap [Member] | |||
Financial assets: | |||
Derivative Asset | 1,950 | ||
Financial liabilities: | |||
Derivative Liability | 1,946 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Risk Participation Agreements Purchased [Member] | |||
Financial assets: | |||
Derivative Asset | 1 | ||
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Risk Participation Agreements Sold [Member] | |||
Financial liabilities: | |||
Derivative Liability | 3 | ||
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | |||
Financial assets: | |||
Net portfolio loans and leases | 2,660,341 | 2,517,939 | |
Mortgage servicing rights | 5,732 | 5,582 | |
Other assets | 34,476 | 34,465 | |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | |||
Financial assets: | |||
Net portfolio loans and leases | 2,693,099 | 2,505,546 | |
Mortgage servicing rights | 6,146 | 6,154 | |
Other assets | $ 34,476 | $ 34,465 | |
[1] | See Note 17 for a description of fair value hierarchy levels. |